they know, they know, they know. >> as the police waited for someone to answer, cheollima leader adrian hong put on a north korean lapel pin to look like a diplomat, then opened the front door. the police informed hong that a bloodied north korean woman had frantically told them there was a problem inside the embassy. hong replied nothing was wrong and shut the door. >> i believe that was when we realized that not everyone was accounted for. >> who was missing? >> it was the wife of one of the members of the embassy staff. >> the wife had jumped off an embassy balcony in the early minutes of the incursion. despite an injured leg, she dragged herself onto the street, where she was discovered by an alarmed spanish motorist. >> after the police left, the phone all of a sudden started ringing and ringing. it would ring, ring, ring, ring, wait about five, ten seconds and ring, ring, ring again for hours. and in that echoey house, with the phone ringing, just echoing everywhere, i don't care how courageous you think you are, that is scary. and so, it is totally and completely understandable why th

hong kong. still to come, our exclusive conversation with the ceo of this batali firm, discussing -- a hospitality firm, discussing their role in china where they have over 200 properties. our interview with governor adrian is up next. this is bloomberg. ♪ ♪♪ ♪♪ ♪♪ ♪♪ relax into a caribbean state of mind. visit sandals.com or call 1-800-sandals. paul: let's take a look at u.s. treasuries track in the japan session following that u.s. cpi, seeing yields broadly flat on the 10-year, 3.8390. the cpi numbers pretty much playing at 2.9% on year, so nothing here to derail the narrative that we are looking at a potential rate cut in september. let's get more on the markets. we are joined by the cio of jamieson. charlie, traders saw a reduction from the fed, pretty much shaved and deal, a 40% chance of a 50 basis point reduction. how much is priced in and what will happen if we don't get it because the fed's speakers seem to be in no rush to cut rates? charlie: i think it will be predicated on the next series of employment data. u.s. economy has been losing momentum in that regard. it was an exceptional economy to start with wonderful data, but it has been exceptional the second quarter and july and how much the