min-liang: singapore, san francisco, taipei. i go through the circuit every month.up the dual role as ceo of thx at the same time. how challenging is that? min-liang: it is very cool. thx, all of us have seen that deep note sequence. we are looking at charting out what we can do, push the limits for cinema, push the limits for the home, push the limits for mobile. we have some of the best audio systems in cars today, the automotive segment. there is so much more. we see the whole entertainment industry converging. we have got the movie business getting into gaming, gamers getting into the movie business. and that is what we are really excited about, that whole convergence. and there is so much to do. haslinda: so look into the crystal ball for us. how will technology change? what can we expect 10, 20 years down the road? what will be the game changer? min-liang: i think the biggest game changer that everybody is talking about, the biggest disruptor, will be ai, artificial intelligence. and to that point, i used self driving cars as a good example, where many things

recently we know you opened its newest remote studio in asia and the taiwanese capital taipei. here it produces multimedia content in chinese for the east asian region. a new editorial department is on the way. paul little yes he is somewhere you have to actually go from this huge. from here d w journalists can keep an eye on china's immense market conway media has been working here since april she's one of the latest additions to the w's global network. deutsche your fellow is also taking advantage of the chances offered by new digital techniques less bulky equipment is helping produce content closer to the viewers. china have enjoyed for a extend all the way the last best seller i think it's the kind of politician to rip on something that the time. and the media can not come. for years the chinese government has blocked g w as an internet platform one focal point has been getting past the blockades it's getting more difficult to cover some so-called sensitive news now wish that china government doesn't like so. so far journalist is more challenging. censorship in china and th

et's bring in tim who is lye for us in taipei. tim?day as we speak right now, the shareholders meeting is going on. that's the point at which they elect the new board of directors and morris chang will not be on that board. he is stepping down today. rishaad: what is chang's biggest legacy? we have talked about the returns to shareholders but ver all? tim: that alone is a pretty good legacy. 7,000% return since 1994. it comes down to one thing. founded this fabulous business model. back in the day, the saying was real men have -- that was from the former chief of a.m.d.. morris said we're going to be a pure foundry. we're going to do the manufacturing. you design it. we'll manufacture it. before he would go and get other companies to make it for you. intel did a bit of that work. so many other companies felt safe and comfortable basically going out designing basically cooking up a recipe and handing it over to tsmc to bake the cake so to speak since then companies like qualcomm have been able to flourish because they have been able to

joining is ti corbin in taipei.m the billion dollar fine, what are the implications for zte? a billion dollars is them out there he had to pay. that is about equal to a full year of operating income in zte zte -- zte. they have to fire their whole board of directors, all of them have to go, according to the deal that they signed. the need to get rid of all of their senior management. anyone in a senior vposition or higher. any of the staff are executives who were involved in the deals that sold equipment to iran or north korea, that is what got them in to trouble. we are talking maybe 50 different people could be caught up in that in there for fired from the company. that is quite a lot. that is a lot of management that is decision-making gone from the company in 1000. that would make it very difficult for zte to get running up and quickly. anna: good morning to you. is, bute that this there are negatives here for the united states. is that because of the politics? >> yeah. that, this will be painful for zte. you th

heads to the polls in a landmark vote on sunday but will anyone be able to stop president wretch of taipei or to want to take a look at the main opposition challenger is hoping to break and along the fifteen year iron grip on power. also coming up the eyes of the soccer world will be on the germany team in the coming hours.

taiwan's defence ministry scrambled its fighter jets and ships to monitor the chinese warships. 0ur taipeilained how close these warships got to taiwan. at one point, they got as close as 60 nautical miles from one of the outlying islands of taiwan, before heading out to the south china sea. even though this seems very provocative, the chinese military is treating it in a somewhat casual manner. they say that they have not adopted any special procedures, they simply scrambled their jets adopted any special procedures, they simply scrambled theirjets and their vessels to monitor the movements of the chinese vessels. —— the taiwanese military. and we had to bear in mind that in recent yea rs, to bear in mind that in recent years, there have been as many as 30 incidents where chinese vessels have come close to taiwanese waters. the -- is come close to taiwanese waters. the —— is not the first time the taiwanese military will send out its own vessels to monitor the movements of chinese vessels. these tensions have increased since the president of taiwan's pro— independence party came into powe

joining us live is our taipei correspondent cindy sui.nt and if so why? at one point, they got as close as 60 nautical miles from one of the outlying islands near taiwan before they started moving between the channel between taiwan and the philippines into the south china sea. even though it seems very pro— mok —— provocative, the taiwanese military is treating it in a casual manner, saying they have not adopted any special procedures. they simply scrambled bed jets and naval vessels to monitor chinese vessels. in the past two years, there have been more than 30 such incidences where china has sent its aircraft or military vessels close to taiwan's waters so it's becoming quite the norm now so every time the taiwanese military would send out its own forces to monitor the movements of the chinese vessels, one thing we need to point out is these movements of the chinese military have only become frequent in the last two years, since taiwan's president from the pro—independence party came to power so in many ways, this is sending a message t

i'm looking at semiconductors in taipei. the taiex higher, up .1%.uite a lot of positivity from the semiconductors. this after qualcomm's $43 billion nxpuisition of a semiconductor. we saw shares rise 10% in late trading. offering 120 $7.50 a share in cash for its dutch rival. $127.50 a share in cash for its dutch rival. you have seen semiconductors in japan moving higher, tdk up 3%, 4%, and watching semiconductors in the taiwan region, a couple up by 8.5%. that will be the key focus, the nasdaq at a record high in the u.s.. let's look ahead to china. the other wager story, the fact president trump has approved terrorists on chinese goods worth $50 billion. china has pledged tit-for-tat response, saying it would put 25% tariffs on imports of 106 , includingts soybeans, automobiles, and aircraft. the ftse china future suggesting a slight gain, but the hang seng looks like it will round out the week on a down note. it has been down over the last couple of sessions, so a third session of losses for hong kong stocks. theaad: let's get to indefatigably of

yangtze river valley so south of that cherry not looking too bad it should be a bright day in hong kong taipei should see some sunshine but across indochina it's looking pretty unsettled we've got heavy showers affecting vietnam laos is looking wet and so too again is miramar so no letup in the rain here and that's expected to continue as we head on into friday so very wet conditions in yangon with the continued risk of flooding moving down into southeastern parts of asia here we've got this is scattered showers through the philippines for generally some reason weather conditions still looking very wet across borneo and the threat of showers as far south as of western parts of java i think further towards the east and through long book valley it should be generally draw and fine moving up through them in a pinch again we could see some heavy showers to singapore northwards tools kuala lumpur general looking too bad bangkok make pick up the odd shower but the heavier rain is further towards the north as we head into say here still plenty of showers down through the west and gas but the general

really take hold now now that stage then we're looking at maybe some dry weather for food issue and taipei still hanging on to relatively dry conditions across into south asia and we've got some really heavy rain across parts of india so it down through the western ghats the monsoon rain is really pushing in at the moment but good news is we're also seeing some rain further towards the east and that could well continue over the next twenty four hours more showers expected here so kolkata could be wet going to see some heavy rain for katmandu and really for bangladesh isa states of india more heavy rain expected for delhi still dry though temperatures of forty three degrees during the course of sunday monday coming down a little bit but still looking pretty hot and still waiting for the rain is still rife meanwhile over in pakistan its highs of thirty two expected in karate. a new series of rewind a can bring your people back to life i'm sorry and brand new updates on the best of al-jazeera documentaries the struggle continues book from the till now or use distance rewind continues with bal

were you disappointed that shareholders voted down this proposal to taipei to diversity progress? certainly not surprised. control i insiders at the company, getting the proposal passed by the vote count was going to be a long shot. a significant number of shareholders who hold the docs and in out -- outsiders pursuing having a safe work lace free of harassment. you have been active on twitter offering to help microsoft employees. our google employees organizing at all regarding these protests? can you tell us anything happening at the grassroots double? >> i have seen a lot of employees who are can earned about the ice detention. a lot -- a large amount of fundraising or the children that are affected. i also know that google employees are broadly concerned about the ethics of what we as google employees work on as what we as tech workers work on. therefore, i am on many others are working together with microsoft employs to help them as best as you can with ensuring that a to have a voice in what their employer does. engineer at google. thank you. enthusiastblockchain have been b

valley giving some wet weather for shanghai but when she comes through food into hong kong across the taipei weather conditions are looking generally quite good we've still got some showers affecting parts of indochina vietnam through laos and particularly again through miramar does look a little bit dry here at the moment there's a move the forecasts are again some showers but not as bad as it has been so let's move down into southeastern parts of asia and here across the philippines scattered showers particular across luzon but further south cheery looking a bit drier and brighter some heavy rain across parts of borneo i think the java and bali will see some dry conditions and then up through them they are we've got to show singapore in kuala lumpur bangkok is expected to be largely dry with most of the heavy rain confined to areas further towards the north so then as we move across into south asia here we're seeing some very heavy rain across the western ghats and indeed rain across many parts of india extending up very close to delhi in the way of rain here just in the case things are be

we now have judicial neither joining us from taipei.deal army looking at here\ according to people familiar, and it is not yet a deal, they are looking at putting this together. >> there is nothing signed, and they could still fall apart. we have seen a lot of back and forth with zte in the recent weeks.and this deal if it came to fruition, would allow zte to resume purchases from american suppliers. in april, you may recall that the trump administration blocked zte from doing any business with the u.s.. so this would be a big reversal. and it is controversial. this tweethave coming through from senate minority leader chuck schumer on twitter saying -- if these reports are true, trump put china, and not the u.s. first. getting them off the hook. can congress do now, to try to reverse course? is that even achievable at this ?oin this has gotten >> this has gotten a lot of criticism in congress. some people like chuck schumer on the democratic side, but also people within the democratic party such as senator marco rubio from florida, have

: the top floor of the-- the-- >> and then the next day, i was in taiwan, and i went to dinner at taipeitallest building. so within the span of 24 hours i was on the observatory floor of two of the tallest buildings in the world. >> stephen: well, that's paul rudd's life now. >> that's also something i nevem kansas-- >> not a lot of tall buildings. >> stephen: not a lot of tall buildings there. not even hills there, right? >> no, very few. >> stephen: kansas city is a great town. one of the best steaks i ever had at the golden ox. >> guto kansas city, and the kansas city strip, they talk about that cut of meat a lot. they're proud. and i think that turned into the new york strip. which is technically the same thing, but i think new york owned-- bought the rights to the steak. ( laughter ) don't quote me on this. wikipedia. >> stephen: new york, the steak or the city of new york bought the rights to the shape of a piece of meat. >> there-- i believe-- you know, i haven't checked this. i'm digging back into the recesses of my brain -- >> stephen: i believe you. who am i to question a man w

taipei, bit of a mixed session thus far. busy week ahead.et's take a look at what we have in store for the china open with sophie kamaruddin. sophie: some swings moving higher but a loss could be anticipated in shanghai despite a rrr cut. plus, the treasury is reportedly planning more curves than chinese investment in industries. zte in the spotlight as it nears the final hurdle. they've reportedly paid the $1 billion fine. it has been a roller coaster ride, zte shares down 54%. we are keeping a close eye on the offshore. set for its longest losing streak since 2016. that's where the u.s. china trade spat still very much in view. that could continue unless the daily fixed income comes up lower-than-expected today. rishaad: let's get more on this china rrr cut. billion inike $108 liquidity. stephen engle is here. do you have an idea with the pboc's goals are here? thinking it was going to happen last friday and it came late on a sunday. it goes into effect july 5. it's a very targeted injection of liquidities. you said hundred $8 billion, 700

or fair trade is stupid tried apparently let's talk to russ feingold is joining us via skype from taipei as a political risk analyst i don't know about stupid trade ross but does the president have a point that the u.s. has been losing out and that it's his job to judge that well one point that the president has made consistently clear ever since he was a candidate beginning about the middle of two thousand and fifteen well so long time already but he's consistently said that the access the united states gives to the products and people of other trading partners is not reciprocated and clearly the voters got that during the election and now he's following up we do see that when the president gets tough on trade other countries have meet concessions at least in the year and a half that he's been in office we saw that with korea when president trouble reopen the korean free trade agreement we've seen some major concessions on market access by china as well although not enough to satisfy the trip administration so although it sounds like tough talk when the parties actually get to the negot

taipei, down by about 1%, zte suppliers have been given a bit of a boost by the comments from over is.sshe ge and the u.s. coming to an agreement one of the tech players that is really lagging kong.cent in hong trading below its 100 day moving average, failing to hold above the key technical level. shangri-la also worth noting in hong kong, paring its weekly gain. this stock has been on a tear of ahead of their summit in singapore because it was named as what part of the special zone for the trump-kim summit. in hong kong as well -- in shanghai, we have this company rising by the daily limit on its debut, foxconn, before being suspended. it is now china's top listed tech company by value. anna: thank you very much juliette periodic macro monday between president trump and his g7 counterparts is increasing ahead of the summit in quebec today. french president emmanuel macron has said that no head of state is eternal, and that he stands ready to work with other g-7 members if the u.s. wants to standalone. president trump it back by saying that france and other countries charge they u.s. a

. >> my birth city, taipei only 4600 miles away. >> a stone's throw. >> maybe i should go anyway justgood idea. the heat is building over the next couple days. a look at live doppler 7. sunny skies right now opinion coleayext even now in a nice view here from the roof top camera looking at blue skies. it's currently 64 in the assistant. oakland across the bay 66. 74 at mountain have you and san jose. gilroy 77. 59 right now at half moon bay. and this is a clear view from the east bay hills camera looking toward mount diablo. 87 in santa rosa. 77 in napa and novato. lay low to mitt atds at concord. and 78 at livermore. the golden gate blue skies no hint of fog and not likely to see any ton. the forecast features, rising temperatures, sharply over the next two days. temperatures up to 104, 105 in some inland areas saturday. and the dry gusty winds and rising temperatures that means high fire danger. check out how gusty it is across the bay area. we have gusts from 23 to 35-mile-per-hour generally. and of course that does not help the fire fighting effort. overnight mainly clear with low

giving some wet weather for shanghai but once you come south through fuzhou into hong kong across the taipei weather conditions are looking generally quite good we've still got some showers affecting parts of indo-china vietnam through laos and particularly again through miramar does look a little bit dry here at the moment there's a move the forecasts are again in the some showers but not as bad as it has been so let's move down into southeastern parts of asia and here across the philippines chemical scattered showers particular across luzon but further south cherry looking a bit drier and brighter some heavy rain across parts of borneo i think the java and bali will see some dry conditions and then up through them in a plane we've got to show singapore in kuala lumpur bangkok is expected to be largely dry with most of the heavy rain confined to areas further towards the north so then as we move across into south asia here we're seeing some very heavy rain across the western ghats and indeed rain across many parts of india extending up very close to delhi don't you much in the way of rain h

taipei, not as tech heavy. 0.4% higher in taiwan. futures looking like we are ,oing to continue that recovery s&p 500 rebounding from that selloff. are watching how this bear market in shanghai is going to open up later on. there is going to be apprehension with a-shares in bear market territory in five months. the small batches looking remarkably like 2015. fundamentals in china are very bad. even bargain hunters looking at these cheap valuations -- although the shanghai benchmark has been oversold over the next -- the last six days. check out the msci china index, down 14% from its 2018 high. that is likely not going to ease concern the currency is headed for its longest losing streak in four years. that.d: thanks for the yuan headed for its longest losing streak in four years, not looking good for corporates as well. things to calm nerves, like cut the reserve rate, publish editorials in financial newspapers, you could argue have had little effect. richard frost is with me with a look at homegrown reasons for concern. >> there is

. -- to clarify it bit, 90% of shares are held by the taipei listed flax strip -- flag strip -- flagshipy're doing the bare minimum listing they are required to do in shanghai. of that 10%, 3% is going to a list of tours -- of strategic investors here at another 4.3% is locked up, so there is only 5.7% of shares available for free float. that lockout will apply for the next 12 months at least, and willafter 12 months, it only be expanded by a couple of percentage points. that is almost the third smallest amount of free float listed on the stock exchange. for those who did not manage to get their hands on shares during the ipo will probably hold on or sell at a very high premium. the average joe if they want to get their hands on the shares will have to pay a lot. we will see it bit of higher and higher. haidi: how does that play out as a win-win for hong kong and beijing. ai and beijing? >> may have wanted to lower chinese companies to list there. xiaomi doingg at it after their ipo, and other companies are considering it. they have not done that well so far. getting the big tech compani

one in taipei climbing, set for the highest close since september 5 after a 15% rise in may sales.o falling to a january 2013 low. brokers lower as their ratings on an earnings slowdown. metcash sliding in sydney as it takes a hit after announcing an impairment charge on its supermarket assets. i want to highlight kuala lumpur , the best performer on in the the msci index, weighing the possibility of taking a pay-tv firm private and said to consider a buyout of $1.9 billion. earlier the stock soared 13%. the last check on china high-speed railway, which has halted trading pending an announcement. it felt 10% on tuesday ahead of that. it may have something to do with a partnership with tencent to get driverless trains on the road in china. it has been under pressure for most of the year. it has been sliding since hitting a high back in 2015. now trading at january 2015 levels. you for that. you can catch up on our interviews by using our interactive function tv and dive into any securities or bloomberg functions we talk about and join in on the conversation by sending us instan

." ♪ straight to the markets , that open in singapore and taipei, lackluster at the moment.e did have movement to the upside for the nikkei, .3%, but singapore and kuala lumpur as investors turning their attention to major central bank decisions. haidi: we didn't have much of a reaction to begin with. maybe disappointment that the cumin decay signed was so vague. sng up how we are into that trifecta of central bank decisions. hang seng up .2%, paring earlier gains. the close. futures looking worse for wear mixed trading session in asia. rishaad: right, let's get to first word news. chancellor merkel saying the united states has the trade surplus when services are included. iscussed topic was at last week's g7 summit, but the president threatened new tariffs on car imports, seen as hitting german makers the hardest. trade surpluses today are still calculated in an d-fashioned way, based only on goods, but if you look at services and include those, the u.s. has a big surplus with europe. rishaad: the man who invented br ics says the g7's uses because it does not include china

always glad to have you, visiting us from taipei.reak there, and this is what it looks like in tokyo, very flat. we are in wait and see mode. declining by half of 1%. taking a look at the nikkei, having a look at the mixed bag, seeing what we have in terms of the stock picture, and we have at the moment two stocks unchanged, 156 down, and 57 moving to the upside. we will leave you with these images of the imperial palace there in tokyo. ♪ it is 10:29 in sydney. i am paul allen. skepticism that trade talks with china would work, but not backing down, beijing promising to retaliate if the u.s. follows through on its new threat to target $150 billion in chinese imports. and the pboc governor has called for people to remain calm, pledging to use monetary policy. there is a think suicide pact on this, so i do not think we will cause the economy to collapse. but to guess what is going on, some people have commented that they have called it a negotiating pattern. that is what they want us to take. angelaerman chancellor merkel and french pr

we are watching tech players when taipei comes on in half an hour's time.ery much. a check in the markets before friday open. to cryptocurrency now. a sighnvestors breathed of relief. the second-most valuable digital currency is in fact not covered by federal securities rules. that is sending ethers value survey and gave bitcoin at needed bump. the fccto us what actually set about ether and why was it under scrutiny in the first place? worried etherere was labeled as a security. it means a lot of security laws would be applied, not just to either but similar tokens like ether. this ruling, it clears up a lot. it kind of gives a lot of positive feedback. there is three main things to focus on. the commission showed it is quite well informed. one of the most important things williams said yesterday was that if something can become a security at the outset and over time it will evolve into an asset. that doesn't really exist right now. for them to make this kind of statement, it shows regulators are informed and open-minded, which is what you could want. the u

take a look at singapore, taipei and futures. mixed here. singapore down 1%.al coverage continues with rish and heidi next. ♪ haslinda: history in the making in singapore and president trump says he would know immediately if the meeting would be a success. must balancen western investment with giving up his nuclear bargaining chip. waiting,watching and optimism in singapore. they expect a list from this week's event. haidi: and the g7 ends in disarray host canada under attack. washington says justin trudeau is dishonest and weak. this is bloomberg markets asia.

shenzhen and taipei as well because of the dragon boat holiday. concerns about the trade war getting worse, but a bit of world war. moment. have it at the that's the picturof what's happening. that one. close for there we have it. haidi. haidi: we are talking about last week being the most important week of the year for investors. we might get more market reaction. we spoke about the concerns over trade playing out across the commodities market. copper, soybeans, cole. we have seen that reaction across the commodities complex. could be a contentious messi opec meeting, divided going into friday. you are seeing declines when it comes to wti and brent. first word news. paul allen was the headlines in sydney. a bigger anposted expected trade deficit for mate with imports soaring 14% on year, double the median forecast of 8%. they beat expectations with an 8.1% gain, the 18th straight increase that left a deficit of 5.3 billion dollars where economists had expected 2.5 billion dollars. china remained the largest foreign owner of treasuries with a slig

it is in kuala lumpur, taipei and there we have it as well, singapore as well.e have a move to the upside of twse. the time -- thai positi.s. jobs data, responsible for all of this. we have increased optimism if you wish or otherwise. we will get an interest rate from the federal reserve as early as this month. after all of that jobs data -- let's have a look at the open for what is happening in hong kong, shenzhen and shanghai. despite the latest bout of u.s.-china trade tensions, we are seeing futures pointing higher, perhaps optimism coming through from the pboc's move on friday to relieve funding stress on smaller businesses and the country's cash-strapped sectors. this has been amid the concern desksing corporis default for it default, which pushed government debt to the highest levels since july 2015. that makes it tougher for companies to mature debt. it kind of came down this june. but investors should not panic over the recent default, given limited impact on the economy and stock market. corporate profitability remains robust. for china's low value man

none of us will be able to be in taipei tomorrow to attend the ceremony. but we all want to take this opportunity-to-a pplaud the -- to applaud the opening ceremony of the compound. this building will be so much more than a new offic space. it will serve as a tangible symbol of the strong and enduring friendship between the united states and taiwan, which is a democracy and a strong ally of this country. taiwan is not just an important economic and security partner. as i said already, it is a very vibrant democracy. it has a prosperous free-enterprise economy, a shining example of what we hope the rest of the indo-pacific region will continue to be and become. the opening of this new office comes at a critical time when both the united states and taiwan face major challenges that are posed by the communist party of coalmine, which governs -- of china, which governs that country. under the communist party, beijing has increased its efforts to undermine and erode u.s. interests, even it is a moves to isolate tie wasn't on the international stage. the chinese