within emerging markets, in addition to abl asia, we did mae progress if committing to a brazilian manager last year focused on latin america and so, that we think will be a great add. and then on the event tou ventu, venture had a very, very strong year last year. the programme itself, spurs delivered 23% in the one year ending 2018, distributions from venture also were strong, 179 million last year and that's nearly two times the amount that you got from your venture managers the year prior. valuations, especially on the light stage, remain very high. so we continue to recommend focusing and enhancing the early stage portfolio for your venture programme. the exits have been strong in 2018, but we also see that it's really a good sign in the first half of 2019, a very healthy ipo market and a good handful of even venture-backed companies that are greater than 10 billion in valuation have gone out and i think that's a good sign and likely, you know, hopefully to see similar exit activity for your venture programme this year. in asia, also, we focus on early-stage opportunity and in europe,

will in theory be able to deploy and station similar ones in the asia pacific. well that's at least the concern from the chinese perspective joining us to explain this and more is adam me of macor university adam so that set up i laid out just now is that really the case that the u.s. is going to be the one ratcheting up tensions the region. well melissa certainly the demise of the i n f a treaty makes everyone less safe you know in asia iran says of prospect of a new arms race principally between us russia and china but also others north korea south korea japan for example an arms race dynamic would especially be likely if the u.s. decides to deploy new missiles to asia you know to counter china's growing military power the u.s. will start testing these new missiles in the next few weeks testing of which will bend on the under the treaty a big reason why the u.s. has put out of the treaty is that china is not a signatory to it so the us sees china as its principal geopolitical competitor of a challenge that is far more familiar bought and injuring than putin's

istes are convinced china keen to become the leadd armss controller in asia and under this deal, that limited their ability to be able to fight back by yielding up their own stocks of weapons. this was not concerned by deal. it was only russia and the united statates. this deal being dead means the united states and russia can build their arms in the face of china. it suits russia and the united states this deal comes to an end. >> civil servants are taking part in a rally in hong kong to show support for pro-democracy protesters. to thehave been taking streets, venting their anger at an extradition bill. the movement has grown into a broader set of demands. a general strike is due to be held in hong kong on monday. asian markets plunged after donald trump's hiking tariffs on more chinese imports. fell 2.2.5 percent. trump says the additional 10% tariff on $300 billion worth of goods will take effect after the start of septembeber. china has responded, threatening unspecified countetermeasures. hiatuss,a three month any hope surrounding the shanghai meetings were short-lived.d. after the talks concluded, donald trump

the bond of asia is warming that it's no longer able to bear the economic burden of hundreds of thousands of refugees in the country they may be safe their boss their status remains unresolved stephanie decker has a story farm caught up along in the southeast of the country. today's quiet calm betrays the scenes of panic 2 years ago when hundreds of thousands of ranger crossed the river nuff in a desperate attempt to seek safety they are safe now but nothing has been resolved nor has 6 children who was part of the exodus in august of 2017 already rather. they are asked if you want to go back to burma i said no ask me why i told them that the houses were burnt our family members were raped and killed this is why we suffered so much and came here how can we go back without knowing that we will be safe there's been a renewed effort to get some of the refugees to go back to me and mar but with no guarantee of what will happen when they get there no one has so far agreed to return the scale of this camp is like nothing you've ever seen it is the biggest refugee camp in the world around a 10000

if you go out and let's say that asia-pacific and you want to be able to get some where quickly land to land, there's some attractive circumstances. not transformative otherwise we may have gotten out of the treaty earlier. >> here on this side of the room what sort of pill do you take to maintain the shape that you are in? [laughter] [inaudible] my modest military career started there in the end of world war ii, and is that the same? they were so proud that they could respond within three hours and be ready to. that is and what worries me, it's the cybersecurity war. how do we know when we are in one of those things, what shape is it in and how well prepared are we down there, and what is his role if any? >> i will tell you to be what it looks like is a attack on ash carter. i get this question all the time. i don't care if it is cyber or not. if you attack my people, you attack my country. it is destructive and threatening to my people. there it is in a difficult territory attack but it's not like an all-out military attack that it is an attack. aggression. what am i going to do to

organization that compiles data able to track two mercedes s-3600, million-dollar cars, from the manufacture in germany to the port of rotterdam the racer curious route in asia to the pyongyang. these are luxury cars. luxury goods are banned under united nations sanctions. but if these goods are banned, how was north korea able to get around those sanctions to get the high-end cars into kim jong-un's fleet? a reporter at the new york times talked me through his reporting and added context do it. essentially it was a function of the circuitous route that the shipping containers took that brought these luxury cars to pyongyang. what interested me more broadly was a reinforced a point i like to make about sanctions, they are only as strong as the ability and willingness of governments to enforce them. what you saw with this situation with the luxury cars in north korea was that there were systemic failures among national governments. at one point these cars were in south korea, a country that would want to enforce sanctions against north korea. they were also in japan, another country that would want to enforce sanctions against north korea but yet they slipped

are real experts be able to agree on ethical guidelines or will this technology create deadly new autonomous weapon systems. all robot collapse stores aug 14th on t.w. . markets in asia are still raw sold by fears the us china trade or could spread to the currency arena even though darvish tones are coming from the white house investors are fleeing to safe havens in droves. and shocking new figures show how increased use of internet streaming services like netflix is pushing c o 2 emissions but we all have warming the planet one clicked at the time . and didn't want to make some bucks from climate change global warming turned these full of fishermen into their prey is really really big. pieces d.w. business. in berlin asian stock market slipped for the 8th session in a row the escalating us china trade war is casting a wide shot shadow traders worry about the continued weakness of the yuan against the dollar stock market benchmarks in tokyo hong kong and soledad down around half a percent china is intervening to steady its currency after recent folds of the currency slipped in one state trading keeping markets guessing goldman sachs has announced it no longer expects

asia at the council on foreign relations. i think we should worry that pakistan will not be able to gain through its efforts to internationaliseay see instead the reemergence of terrorist groups going across the line of control to try to foment violence in kashmir. pakistan's claim diplomatically is quite weak if you look at it closely. i think that is the real concern. how should the international community address the region's tense situation? this is a tense situation, and there are two different dimensions of it. the first dimension you just raised, which is the india pakistan tensions over this issue. there has been a great degree of international attention to the problem of terrorism emanating from pakistan. the international community, including through the financial action task force, has been very focused on pressing pakistan to tackle all the terrorist groups that make their homes on pakistani territory. the second dimension is that within india. as you are seeing, there has been some degree of protest in the kashmir region over this changed status. some of the security measures the government has put in place, like

asia, while raising prices to buyers in parts of europe. kingdom agreed to opec-plus plans to curb production for nine more months, but has been able to affordbefore, and increasing volume to asia has been offset by falling volumes in u.s. the latest sales drive with a power boost, bringing back the supercharging perk to tesla cars. tesla has scrapped the offer earlier this year as part of a cost-cutting initiative, but said the shareholder meeting in june found that elon musk described the superchargers as being absolute key to sales shery: next, hong kong stocks unraveling after weeks of protests, and the worst could be yet to come for the market. a live update on today's transport disruptions. we're also seeing disruptions in train lines as well as at the airport. they have suspended part of the train line. suspended they west rail line as well. this is bloomberg. ♪ this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can tro

we should be able to show you how the revenues are exposed. they get about 20% from the asia looking to see how this latest tariff news will impact it in the future. vonnie: emma chandra, thank you for that stock of the hour. let's take a quick look at hong kong now. the airport is at a standstill for the second day of antigovernment protests. we will go there at the top of the hour. this is bloomberg. ♪ ♪ guy: 30 minutes left in the european trading day. from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." guy: the narrative has changed to trade today for financial markets. we were down earlier on. we are off the highs, but still a significant turnaround. same story for german yields. we were -61.50. we did get down to around -58. the big move, the bass of move, is what's been happening in the yen. currency,n, risk off the yo-yo currency, really surging. let's call it 1.3%. the trade narrative, that switch , that delay of the tariffs, the phone calls that are happening have changed the narrative today on bo

capabilities, it enhances their ability in conflict to be able to threaten attack on american civilians and military personnel living across east asiaay essman in lating trump's ego to get sanctions lifted and to peel trump away from allies in the region. >> this is all about playing to donald trump's vanity, conveying to him that you're the man, you can do the deal that nobody has been able to do before. >> reporter: analysts say while this is going on, it is possible, even probable, kim jong-un is still manufacturing nuclear war heads, perfecting long range missiles in secret, so if the entire process with the united states breaks down, he is going to have new capabilities to show off and use for provocation. wolf? >> thank you. brian todd reporting. >>> coming up, more on the escalating feud between the president and former trump loyalist known as the mooch. i'm finding it hard to stay on top of things. a faster laptop could help. plus, tech support to stay worry free. worry free. boom! ha.ha. boom! now save up to 40% on all furniture. up to 40% at office depot officemax or officedepot.com. we really pride ourselves on >> temakin

experts be able to agree on the guard warnings or will this technology create a deadly new war conover's workers are still. in robot mode starts aug 14th on t.w. . this is the daily news asia coming up what happens when the guest you had planned for this program is a no show because you caught arrested in hong kong well we find out how things played out and promised a good conversation plus. after what the u.n. has called genocide the government of myanmar says it wants to see the real hinge of a minority is persecuted back in the country we'll take a closer look. and a thunderings thrill ride we get front row seats for any pakistani people raise a sport that's not for the faint of heart. i'm melissa chan welcome to news asia thank you for joining us we start with hong kong's ongoing protests now on monday we had scheduled a guest to come on the program but he didn't end up making it because he was arrested during the weekend for obstructing a police officer that's according to police as a quick reminder hong kong has had a summer of discontent 1st over an unpopular extradition bill that will allow the government to hand over people in the city to china to the unrest now w

-- "new york times" article that got news, thaty asians said he may not be able to do much, but all the things going on in asiawrap it up it kind of shows the u.s. is not able to influence the region like everyone thinks it can because it cannot prevent all these things from actually happening. tom: thank you very much. , russ koesterich of blackrock with us. this is the 30 year bond yield below 2% last night. handleight we had a 1.96 and we are retesting that. russ koesterich's turns into a pumpkin if we get down to 1.95. this is bloomberg. ♪ francine: this is bloomberg "surveillance." extra data checks throughout the day as we had the big move on the 30 year yield below 2%, and coming back up. this is our wall of worry. the markets are worried about the yield curve inversion, hong kong protests, brexit, and a whole lot of other thing. to takeedged countermeasures against the planned american tariffs. renminbi at 7.04. we are back with russ koesterich. if you are currently in the market, is there anything that will stabilize the situation. russ: it will start with a calming down of the trade tensions but peop

able to find a resolution on this issue, it is good news. it is interesting right now, mariko mentioned that the hong kong market is down as is the japanese and elsewhere across asiaing because investors are fretting over the latest news from the us in regards to its relationship with china. a lot of mixed messages. that is true. 0n friday we saw the nasdaq dropped by 1.3% and we saw the dowjones dropped by 0.4%. all of these are signs of economic pessimism in the united states. the odds are that this will hit american consumers quite hard. 0ne analysis by the peterson institute suggested that if these tariffs do eventually rise to 2596 these tariffs do eventually rise to 25% as threatened, this could cost households on average about 12,000, 1200 dollars annually. it is a big issue. thank you very much indeed for joining issue. thank you very much indeed forjoining us to talk about this, the latest entree. that is your business briefing. let's briefly show you the asian numbers. as mentioned, the key issue for markets trading is a brand—new trading week begins is concerned about the relationship between the us and china and the very latest messages coming through

people who might resist but overall will not be able to so that i think is the best that mark as the secretary of defense has called them placing them back in asia i have but there are going to be a lot of pressure on the united states if that isis tries to do so critical in the direction of the nuclear studies institute at the american university thanks for joining us a great to get your expert insight today on the program and. conservative activists in the united states are celebrating after a court agreed to reconsider a censorship case against facebook google twitter and apple those bringing the lawsuit accuse the tech giants of bias and of suppressing content from the conservative end of the political spectrum a controversial right wing activist laura luma is leading the case with a group called freedom watch has previously been banned from all kinds of online platforms from twitter and facebook to paper. but also it also alleges the 4 tech giants violated the 1st amendment and u.s. anti monopoly laws have been a growing number of leaks and testimonies from those who work for big tech alleging an anti conservative bias. even a blacklist whe

they are experts be able to agree on ethical guidelines or will this technology create deadly new autonomous weapon systems. school robot collapse stores aug 14th on t.w. . markets in asia are still raw sold by fears the u.s. china trade or could spread to the car in syria even though darvish tones are coming from the white house investors fleet to safe havens in droves. shocking new figures show how increased use of internet streaming services that like netflix is pushing c o 2 emissions but we all have warming the planet one clicked at the time.

even children in many cases are able to support themselves and help their parents even from a relatively young age. but there is another reason as to why people in asia have many children and want a son and so they continue to have children until they have them mailed ascendant. the family planets recognize this preference for sons as the key to solving the population problem. people or places like the population council or the ford foundation they realize that parents and poor societies in many cases prefer to have sons there what they began to think was if only they had some way of helping those parents determine whether the fetus was a female or male then they might along with abortion they might have a quicker way of reducing fertility rates. the head of the population council laid down a clear course in 1967. mention research efforts leading to improve contraceptive technologies a practical methods of determining the sex of an unborn child so that parents could be assured of a son. in the early 1970 s. the time had finally come scientists developed a curry on it will a sampling c.d.'s with this method of child sex could be identified before birt

asia. some active-duty members there. not able to join us today. we are the deployable part. so, we need to be having everybody in our unit ready to go. we have very operational components. we have our boat operators. we have, we actually trained to marine corps standards for our maritime enforcement, our land forces. then we basically have support elements. unit, every single one of my support element people went to basic combat skills, and they performed far above the expectations anybody had for them. i think it's a good example. you have to do it, you have to e6 inage and female active duty, she was the number one cheerleader for pushing people to get in the class and do better than the guy carrying the heavy pack across the line. i'm doing it and so are you. [applause] i'm going to continue the theme of the physical fitness. i think that when we walk into the room, the first thought is, wonder how slow she is going to run? i wonder if she is going to be the first one to drop out? and not this girl. nope. not going to happen. i'm thinking, which one of you guys is going t

in the pacific and subsequently the united nations command were able to see and and counter these two critical alliances in northeast asia. theany ways as we watched political tides ebb and flow we isd that what is continuous the military relationship. while these are indeed two distinct alliances, the u.s. and japan alliance and the u.s. korean alliance, there is coordination. there is cooperation to the extent that the politics will allow among all three. it is not a triad alliance, that is not the case. that would be militarily efficient it would probably not be very effective politically or socially. it has consequences. as we see this current situation where the relationship is bad, i cannot describe it any other way. bad and maybe getting worse. it puts several things at risk. the military communications that were ongoing left to stop or slow down. a lack of coordination on very important information like, did you know that there are chinese aircraft that are flying into the overlapped air defense identification zone that both countries share? did you know we are reacting to that now or are you reacting to that now

subsequently as the commander of the united nations command to be able to see and witness and encounter these two critical alliances in northeast asia. and in many ways, as we watch the political tides ebb and flow as they are right now, we find what is continuous is the military relationship. and so while these are, indeed, two distinct alliances, the u.s. japan alliance on one hand and the u.s. korean alliance on the other hand, there is coordination, there cooperation the excellent that politics will allow among all three. it's not a triad alliance. that's not the case. and while that would be militarily efficient, it probably would not be very effective politically, socially, it has consequences, nevertheless. so as we see this current situation where the relationship is bad and i think i describe it any other way. bad and getting worse if you want to add an i -- additional words to it. the military communications ongoing will have to stop or slow down leaving a lack of coordination on very important information, like did you know that there are chinese aircraft that are flying into the overlap air defense identification zone at

able to channel those. even if you cut benchmark interest rates, that will not go to the small businesses that need the capital. taylor: for more on these stories, don't miss "daybreak: asia"daybreak: starting at 6:00 eastern. formore, michael, the head northeast china and asia from the eurasia group. we pboc, the loan rate, then fold this over into trade. is china sort of acknowledging that trade is hurting them a little bit and are they sort of -- first ones to blank ones to blink. michael: your analyst put it very well. withouttrying to ease giving up the discipline. they are trying to let up. the trade war is a big part of that. i don't think we are at the beingof blinking we mean ready to fold. worried about the economy but not desperate is how i would put it. caroline: how do they feel about the 90 day extension for deals to be done with huawei? michael: it is pretty much the bare minimum of what they need to see. the issue is what happens with 'sture of about -- of huawei 5g business in particular. the rollover, the temporary license helps, but they would really like to see substantial relaxation on this export ban. we just don't know if the political will is there

that the rise of china and asia is more important to our strategic means thehese days, united states is less engaged but also has become less effective. we have not been able the peace process forward. we screwed up royally in iraq. we have dented our influence in the region, i think to the detriment of stability in the region, and overall for the stability of american interest. david: martin indyk, thank you so much for being here. live from new york, this is bloomberg. ♪ this is "balance of power" on bloomberg television. i'm david westin. republicans tell us time and again a democrats are pushing socialism in the 2020 elections, but you could not prove that by what is being said by some of the democratic candidates as they appear at fundraisers in the hampton. we welcome the political editor for bloomberg news. these stories are extraordinary, a great story that you edited about what is going on, starting with kamala harris. billions of dollars to become president, and no matter how much you want to serve the middle class or the working class, or poor people in the country, you don't get the job unless you can collect billions of dollars from people. if

have one active duty element that goes to the patrol forces southeast asia, so some active duty members there, unfortunately not able to join us today. but we are the deployable part. so, we need to be having everybody in our unit ready to go. we have very operational components. we have our boat operators, we have our-- we actually train to marine corps standard for our maritime enforcement, our land forces and then we basically have support elements. my last unit every single one of my support elements, people went to basic combat skills and they performed far above the expectations that anybody had for them. so, i think it's a good example. if you have to do it, you have to encourage it and then the y and 1 female, e-6,port curt active duty supporting your reserve unit, she was the number one cheerleader for pushing people to get in the class and do better than the guy carrying the heavy pack across the line. she was like, no, i'm doing it and so are you. [applaus [applause] >> i'm going to continue the theme of the physical fitness. i think that when we walk into the room, the first thought is, i wonder how slow

monetary easing that we see across the globe and in asia as well drives the hunt for yields further so from that perspective, real estate being ableh flow and stable yields is attractive and that attractiveness will continue to grow as monetary easing increases. us.y: thank you for joining if you missed any part of that conversation, tv is your function. you can catch up on past interviews and watch us live and we talk about -- and you can ,ecome part of the conversation sending us instant messages during the show. this is for subscribers only. this is bloomberg. ♪ shery: this is "daybreak: asia." a quick check of the latest business flash headlines. being sued by its small u.s. semiconductor rule -- semi conductor rival. they want u.s. regulators to impose an import ban. accusing them of using global foundries technology to win tens of billions of dollars of sales. tsmc said it has always played by the rules and developed all this technology in house. shery: vietnam says it will be the first asean country to [inaudible] u-- using ericsson increment in hanoi. hotel is developing its own component and says it wants to work wit

asia market region. so the disruptions there are going to have a negative effect. also the idea that hong kong may not be ableate as independently as it has in the past going forward if the chinese government starts to take more forceful action in that region. on the other hand, as soon as the ministry of commerce say a call could happen in the next couple of weeks, couple that with the u.s. trade representatives tariffs all the way to december, that gives you this idea of the push and pull in markets. that's the reason the dow is up to big right now. i would also point out, ayman, some of the stocks moving today, apple shares. one of the tariffs is on smartphones and laptops. also toy makers like mattel and hasbro. some will be exempted from tariffs until december 15th as well. it is playing out in dramatic fashion today for sure. >> so if you're to look at the way the markets are responding coming out of washington, as well as the developments in hong kong, does that give the chinese government more -- does that put the chinese government under more pressure to try and control the situation in hong kong? we

you wouldn't be able to see who the customer is because they are very sensitive about that from a security standpoint but all across the facility. >> okay. you've got big business in asiaific. 20% is asia pacific and you've got 32% in europe. you got a good view on trade i sense there is more fear than there is actual slowdown in business but maybe i'm wrong what's your take >> yeah, i think that's right. i think we're seeing right now continued strength across our business because people are prioritizing digital transformation as what a way to gain advantage and people are responding well to that and thriving and people not are being left behind. so we're seeing strong demand. you know, i think the tensions, trade tensions et cetera probably affect some level of sentiment but we have not seen that impact the demand profile for our business. >> last question, when i see your big cloud oracle, microsoft, google, that's microso microsoft, google, but i see your customer is walmart that's a company we're just gigantic fans of is walmart so big they actually have their own actually have their own capacity and don't necessarily just use goggles or microsofts >> sure, in fac

more from a geopolitical international one, as he looks at europe and asia with their central banks being more agile than the u.s. is ableut we moved to a more rapid t decision because of this essay. dudley and said many of the things he wrote about had already been said. nejra: certainly, a lot of people i have spoken to said it was the last paragraph that was the most controversial, where bill dudley refers to the fact that the fed needs to take the long-term economy into account, and the outcome of the 2020 election. that seems to be the bit many took issue with, even if they understood other parts of the argument. tom: let me jump in and move on to our guest. how is the president doing actually in the 2020 poles? does he have momentum? kevin: his base seems to solidly be with him. if you look at the swing states, he is still within striking distance. the last thing i would note his rick perry, back in a previous election cycle, criticize the federal reserve for changing their policies to get president obama reelected. tom: kevin cirilli, thank you so much. neil shearing with capital economics in london. we are thrill

patrol forces southeast asia i believe is active duty members there that are unfortunate not able to join us today. we need to be having an everybody in our unit ready to go. area operational components. we have our own operators, we've trained some marine corps standards for our enforcement in our land forces. we basically have where my last unit every single one of my support element people went to basic combat skills, and they performed far above the expectations that anybody handed them. it's a good example, if you have to do it, you have to encourage it. female e6 active duty supporting a reserve unit. she was the number one cheerleader for pushing people to get into the class and you be do the class and you be better better than the guy carrying the heavy pack across the lines. she said i am going to do it and so you're you. [applause] i am going to continue the theme of the physical fitness. i think that when we walk into the room, the first thought is, "i wonder how slow she is going to run?" "i wonder if she is going to be the first to drop out?" not this girl. nope. it's no

we were able to redeem -- had three-day period in which to get the money back to the people, because we had a lot of liquid stocks we could sell, but it was a big shock for asia is still reverberating. i mean, if you look at the bond reserves in relation to gdp of these countries, it is very high, because they are now realizing they can't be caught with not enough on the reserves. david: looking at emerging markets today, do you think they have underpriced the trade risk? i mean, it seems to be developing each and every day. mark: what we are seeing now is a revolutionary change in world trade as a result of what trump is doing. what we see is that there is going to be a movement of focus. for example, china-u.s., big trade war, goods from china getting more expensive. what happens? a lot of that production moves to another country. so what we do is we look at countries that would benefit from this change. vietnam, bangladesh, even turkey, egypt. these are low-cost production centers that can take over a lot of the chinese production. it is already happening. as you know, one event just today or yesterday where the vietnamese are accusing chinese suppliers of

asia. senator warren's plan that she put out, we would not be able to trade with the united kingdom, we woulde able to trade with e.u.. it is so extreme that it will isolate america from the rest of the world. senator sanders, please let senator warren respond. the warren: what congressman is describing as extreme is having deals that are negotiated by american workers for american workers. american workers want those jobs, and we can build the trade deals that do it. people want access to our markets around the world, and the answer is that us make them raise their standards and pay their workers more and let their workers unionized. raise their environmental standards before they come to us and say they want to be able to sell their products. right now the whole game is working for the big, multinationals. it is not working for the people in the united states. >> congressman o'rourke, your response. congressman o'rourke: the question was about tariffs, and they are a huge mistake. they constitute the largest tax increase, hitting the middle class and working poor especially hard. farmers in

organization that compiles data able to track two mercedes s-3600, million-dollar cars, from the manufacture in germany to the port of rotterdam the racer curious route in asiapyongyang. these are luxury cars. luxury goods are banned under united nations sanctions. but if these goods are banned, how was north korea able to get around those sanctions to get the high-end cars into kim jong-un's fleet? a reporter at the new york times talked me through his reporting and added context do it. essentially it was a function of the circuitous route that the shipping containers took that brought these luxury cars to pyongyang. -- whaterested the interested me more broadly was a i like to a point make about sanctions, they are only as strong as the ability and willingness of governments to enforce them. what you saw with this situation with the luxury cars in north korea was that there were systemic failures among national governments. at one point these cars were in south korea, a country that would want to enforce sanctions against north korea. , another also in japan country that would want to enforce sanctions against north korea but yet they slipped through. exam

asia." has turnedcontrol another page, securing permission to suspend parliament on september 12 for a month, severely restricting opponents from being ableto the economy. undemocraticoundly at a time of crisis. policy must hold the government to account, represent our constituents. it is profoundly undemocratic to stillarliament down, doing its job, the time of national crisis. >> a mandate to form a new government to the prime minister after days of talks between the democratic party and the five-star movement in italy. an earlier coalition collapsed when the anti-immigrant leak withdrew its support. markets welcome the news, the overrats remain unhappy plans to reinstate the premier. mount etna has been sending plumes of ash and smoke into the sky. it is one of the most active volcanoes in the world. the irruption comes two months after a blast killed a hiker. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. paul: thanks. let's check the markets in beijing. openedn markets have mixed and muted as investors wait for the next trade headline. we seein

able to do that? >> well, chris, unfortunately, we were building up to that type of capacity. the trade agreement that we negotiated, the transpacific partnership, with a number of the leading asia pacific economies, was meant to give president of the united states greater leverage for that type of confrontation. i think what you need to do -- >> you're so right. but hillary wouldn't go along with it. >> that was a mistake by hillary. and frankly, i think the democrats have to learn, too, chris, look, it's not just about free trade. it's about trade agreements that can work for american businesses and workers. trade agreements that are more progressive. if voters are looking for someone who's going to tear up trade agreements, they that have in donald trump. i think democrats can afford a different alley. >> ben, you're the best. i'm not getting into the clinton war because there was an interesting war, because bill clinton, i was in tokyo when he said he thought it was a fabulous agreement, the ttp. and you know politics in this country. hillary came out against it. i know how politics work. let's go to you. you're with the associated press. tell me, does trump just get petulan

able to do that? >> well, chris, unfortunately we were building up to that type of capacity. the trade agreement that we negotiated, the trans-pacific partnership with a number of the leading asia pacific economies, was meant to give the president of the united states greater leverage for that type of confrontation. i think what you need -- >> but hillary wouldn't go along with it. >> and that was a mistake by hillary. frankly i think the democrats have to learn too, chris. it's not just about free trade, it's about trade agreements that can work for american businesses and workers that are more progressive. if voters are looking for someone who's going to tear up trade agreements and have trade wars, they have that candidate in donald trump. and it's not delivering good results. i think the democrats can put forward a different alternative that is about rallying the world to our side. >> ben, you're the rest. bill clinton, i was in tokyo when he said he thought it was a fabulous agreement, the tpp. you know politics in this country, hillary came out against it, i know how politics work. you're with the associated press. tell me, does trump just get petulant or does he have a s

asia who does not live in the united states for a good legal reason. so down fast enough to stop a shooting like this. it just doesn't happen. >> but fromhae been able to see of the posting, how easy or difficult is it to pinpoint -- you may pinpoint something's going to happen. was there enough information that somebody would have been able to figure out where it was going to happen and what it was? >> no. you could probably figure out that it was texas because he talks about texas so much in this thing, but there's no specific thing. in fact, he doesn't put his name on it. that is the weirdest part. usually these people put their names on these things. he didn't want to work up the courage to do that. the other issue is there's two kinds of people on this website. people who are, like, okay, this is a lot and i don't want people to die today, they call fbi. other people respond this is not a joke, this happened after the san diego shooting. go get a high score, things like that. they view this as a video game. they view them as a first-person shooter. that's how they deal with this stuff. they probably got tipped off maybe from the guy who posted

asia -- no, horn of africa in one case. this is the stupidest thing in the world. he has made these people one of the biggest people in the world. they'll be able to do lectures all around the country. not for money, but everybody wants to hear from the people the president is scorning. >> chris, what worries me about this is this is blocking -- this is sort of promoting white nationalism abroad, in getting another country to buy into it. what happens when he decides not to let people come? that's the next step. you literally will have members of congress who can't come back. the groundwork of this was set by the overreaction of many democrats to the behavior of these two members of congress. and i always point this out. these are people from the heartland. we're talking michigan. we're talking minnesota. the united states gives billions of dollars in aid to israel every year. everyone from our congress should be allowed to go there and conduct a fact finding mission. so it's disappointing that israel allowed this to happen, because they have every right to be here. it's disappointing that this president has engaged in a typical white nationali

about southeast asia and american history toes nice to know asian americans are not a monolithic community, backgrounds that shaped their way to the united states and the way they were able to thrive in the united states. what's amazing to see is how much upward mobility has been accomplished by a lot of these refugees within a span of a generation. i once interviewed a mong woman who described how she gave birth on the side of the me congress river and she couldn't immediately swim across because she had just given birth and the baby was so small. as soon as she was able she did and her husband carried one child on her shoulders and she carried the newbon baby and they swam across the river as the church was shooting at them and then i said what happened to that baby you caredied? oh, she's a law student at uc berkeley now, and it's amazing to see how much they have experienced due to a war, due to dislocation, economically, politically, it's powerful, but i also think which do a disservice by just focusing on success stories. i want to include by saying kal is a sec senatory, but just like how the model minority mitt ol. >> i so, too, it a a narrative of southeast asia

able to shore up the market and economy, and continue to see this downward trend? think about 1998, same story. we had a global manufacturing recession driven out of asia'srisis.at the time the u.s. manufacturing business was also in trouble. the end point is that a big decline in global bond yields helped american consumers, helped american credit creation, helped economic growth in the end. we have a similarity here today. if you think about the manufacturing business, it is about 10% of u.s. gdp. is tiny in terms of overall job creation. if you think about bond yields, they have just melted. it is stimulating mortgage yields. they are stimulating mortgage refinancing. you can see yields beginning to on thepositive impact consumer sector going forward. you can make a bullish case just by observing the magnitude of declining bond yields. it also because american consumers perhaps will not feel the impact of the tariffs on chinese goods until further out, how will that be offset if you continue to see trade tenses -- tensions with china? chen: the bond market has passed the judgment. trade time ago we feared protectionism would be stagflationary. the bon

asia." to jackson hole with kathleen hays. you just spoke to adrian orr a few moments ago and you spoke spike, thewi dollar rbnz being able to affordwait. -- to wait. are we getting a picture of a more patient jackson hole this time around? kathleen: that is what we are waiting to hear from jay powell. adrian orr said he wants to wait. he wants to see what the data do. i guess it is the central bank theme around the world. the fed they got out in front with a 50 basis point cut. he said all the expectations were there, that's why they moved. when i asked him, you know, are you assuming you don't have to move? he said, we are watching. but you are right. the message that seems to come through is that he is not just going to pull the rate cut trigger just like that. let's listen. >> we were saying everyone was telling us we need to be low, everyone is telling us global growth is slowing. let's get ahead. let's move now and reduce the probability of having to do more later. i think everybody should realize that does not mean adrian orr does not think they are going to be cutting rates. he is watching u.s.-china trade war. when i asked

able to stay together. we're strong and, if we overcame that or if we can overcome that, we can overcome anything, so. [ sniffle ] >> stay with us for "gma." >>> happening now in america this morning, stocks in asian wall street. the trade war with china hitting home. beijing suspending all purchases of u.s. farm products. what it means for american consumers and the prices we pay and how the white house is responding. >>> also new this morning, what we've learned about the man police say shot and killed 22 people inside that texas walmart. and the one survivor who lost his 78-year-old father. why he says people like him are being hunted. >>> abc news exclusive, las vegas legends siegfried & roy breaking their silence on "good morning america" about the on stage tiger attack that nearly killed roy and who's to blame. >>al

able to vote for their legislature. joining us right now is heritage foundation senior fellow former wall street journal asia deputy editorswith us. mike good to have you thanks so much for having us. ivelgt great to see you too maria. what's your take on all of this, china made a promise to hong kong, with the handoff that hong kong could have autonomy and it feels like china is breaking its promise tben. >> that's right we're seeing a series of broken chinese promises over many things over -- intellectual property rights, china to the international declaration of human rights now violating that, and violating what i agreed to in join in 1980s with britain i was happy to see a large turnout over a the quarter of the population of hong kong turned out as you put it despite the rain, and this is, it was i was very happy had also because it was a peaceful demonstration over the last couple of weeks we've seen a small minority destroying private property of the demonstrators and minority of the demonstrators yesterday was very peaceful. it was 1.7 million people in a city of 7.3 despite the rain and despite a police ban. so i

asia. and it has been a place where international companies international companies, banks have been able toer the -- and if they're emasculated from the role it will have enormous repercussions and for china itself which has been trying to be a bit more of a good actor in certain ways, certain ways, not a good actor in the world community, to create another tiananmen square would be disastrous for them. i think you can see in the way they're approaching it, they have used water cannons and they have the huge massive force across the border in shenzhen. but if they're thinking rationally at all, the last thing they want to do is go into the hong kong in force. the last thing i'll say is that -- and we can talk about this in the context of trade and other things as well. the chinese -- for the chinese it's a lot about pride and face and about their rights and their standings as a world power in the global community. and it's a little bit like trade in that it's a little tough to see how these two sides back down. each of them getting enough to be able to say it worked out and not having it en

asia. it took probably several weeks to arrive. i don't understand why i or even my kids should be able to log on to my amazon prime account and buyterfeit pod that is not compliant. stuart: wait a second. they got nearly 200 cases of lung illnesses, admittance to hospital, nearly 200 cases. that wasn't all the result of rogue pods from asia. >> no. i think if you dive into the data and actually go to the fda site and look at their safety reporting portal, i think what consumers have to realize is that a lot of these are self-reported. you had 35 cases that were self-reported over a period of nine years, until april of this year. then there was some awareness in the press, then all of a sudden you had a deluge of people self-reporting. if you actually look at the reports, you have to realize they're not made by health professionals. you can look at the people saying i have been using e-cigarettes for the last two years in an effort to quit smoking and i've had a seizure. my doctor told me it could be from a maternal history of seizure or it could be from the fact i take tramadol, a pain killer linked to seizures. you have people t