later on we'll speak to the president of the adb which is the asian development bank. are they rivals? perhaps not the same spaces but interesting to see what investment opportunities there are there as well. we'll get a take on the volatility and reaction to it. >> if the markets are left to their own devices you'll see more down side across the board. a lot of asset classes haven't begun to see the pain you're seeing in commodities and emerging markets and so on. >> trying to be selective. now it's time to be more selective. it can be cheap and it's time to make a wide investment that they'll be more agile than before. >> seeing also from france we think there is a kind but i don't know how big it is. very confidential because for sure there is a sell coming from these players and in this market it's putting pressure on the price. >> let's get straight out to the asian marks and see how investors there faired in the session. sri joins us from singapore with the latest. >> yeah, nancy. we started off the day on a stable note. there's a degree of composure and all of t

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the door of 80 be his flock -- of adb is flung open. the message is very clear.e welcome all of those countries who have not joined, and they are interested and recognize the agreement which has been worked out by all 57 countries. it is not a good idea to push some of the countries to join if they are not ready. sincere and extending invitations to all of the countries in this world. if we workthat together to promote the asian economic and social development through infrastructure development, a more developed asia but not be good just for the asian people, but for the rest of the world. betweenthe connectivity euro and asia. these connectivity would be hugely important here it francine: do -- what you think your first loan will be? jin: in setting up the bank, we are working in parallel with the preparation of the pipelines. we're working on a freestanding project which we do on our own by our own professionals. where working with a world bank -- we are working with the world bank. contrary to the expectations of so many people in several it is going to be cut

inspectors visited the restaurant and the issue was in west columbia they received in adb. hot water was not supplied to the dishwashing machine. follow up is scheduled for the 21st. next is pk park for an 86b they allowed hot water to sit out and sought food stored on the floor in the freezer. the follow up is on the 15th. these next scores don't follow normal protocol. charlie fisherman wharf scored an 88. inspectors found dead roaches in the refrigerator gasket. china house in lexington received a 93 but dead roaches were found throughout the kitchen. now want to this week's poll of found. on assembly street all scored a perfect 100. >> reporter: we are back to show off so many menu items. you couldn't pick just one. what is this?>> this is a chicken salad cold plate. we sell it by the court. this is our pub delight. meets our sliced freshly here. this is our carolina cuban. it's sliced roasted pork, ham, swiss cheese and pickles. it's been so popular it's been added as a permanent menu item. we started an appetizer menu. south that is now a fixture on our menu. >> repor

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they are engaged in this initial difficult asean bond market initiative or abmi for short and then adb is helping them coming up with certain collaborative approaches to develop the bond market and also cross listing of the asean countries with the various stock exchanges. so these are -- these regional initiatives are proceeding with the asean -- we call it asean plus 3. china, japan, korea. each coordinating to form late this financial sector mostly technical assistance. so these are ongoing. and then the debt, we do notice that one of the thing we find encouraging is the development of the local currency denominated bond markets. it used to be so-called -- original sins or mismatches of which resulted in asian financial crisis is a mismatch of currency and duration. they tended to borrow short term in u.s. dollars and then flip it over and lend to a long-term, long dated assets. denominated in their own local currencies. so when the banks have to refinance their borrowing, they cannot call back the long-term assets, local currency so they were squeezed to come up with the u.s. dolla

and then adb is helping them, coming up with certain collaborative approaches to develop the bond market, and those are crosscross-listing of asean countries with the various stock exchanges. so, these regional initiatives are proceeding. with the asean -- we call it asean plus three, asean and china, japan, korea cooperating with each official country authority to formulate this financial sector mostly technical assistance. so, these are ongoing. and then the debt, we do notice that one of the thing we find encouraging is the development of the local currency denominated bond markets. it used to be so-called the original sins which resulted in the asian financial crisis is the mismatches of currency and duration. they tended to borrow short term in u.s. dollars and then flip it over and lend to a long-term, long-dated assets denominated in their own local currencies. so, when the banks have to refinance their borrowing, they cannot call back the long-term assets in local currency, they so were squeezed to come up with the u.s. dollar to repay it. so, that was the basic cause of the asea

store sales numbers, sales started to accelerate prior to the rollout of what the analysts are calling adb breakfasts the margin safety for the story is high. and cs's bold case scenario, the stock will go to $140, 20 points higher. >> i need viewers or you to help me understand. j is that good. if i order a mcmuffin in the afternoon am i substituting that for something else? or new people coming into mcdonald's. >> people. >> volume. >> people who would not have eaten lunch at mcdonald's that now will because they can get breakfast. >> can onization of the burger part of the business. >> or they have successfully created a fourth meal of the day. they have been trying that forever, have a snack at 3:00. by snack we mean a triple hamburger. >> or an egg mcmuffin. >> plaques reason toic. the analysts likes what he sees. ? 1999. >> i think. jabl, also. >> they have upgraded the stock from a buy to a neutral in december. they are upgrading from buy to a focus list. basically, do you like me to you really areally like me. 40% upside. >> yeah. >> you know those things like when you are in eleme

they are engaged in this initiative called asean bond market initiative or abmi for short and then adb is helping them coming up with certain collaborative approaches to develop the bond market and those are cross rating with the asean countries with the various stock exchanges. so these regional initiatives are proceeding with the asean -- we call it asean plus three, asean and china, japan, korea cooperating with each country authority of the asean countries to tomorrow late this financial sector mostly to clinical assistance so these are ongoing. and then the debt. we do notice that one of the things we find encouraging is the development of the local currency denominated bond markets the. it used to be so-called -- the original sins or twin mismatches of what resulted in the asian financial crisis is a mismatch of currency and duration. they tended to borrow short term in u.s. dollars and then flip it over and lend to a long-term long-dated asset denominated in their own local currencies so when the banks have to refinance their borrowing, they can not call back the long-term asset