angie: shery ahn, thank you for being on top of this for us.oseg up next, the dollar after the fatah says that a rate hike this year is still likely. we discussed the broader impact discuss yellen's -- the broader impact of janet yellen's comments. after the break. ♪ angie: checking stories making headlines across the world, the saudi king is reviewing security after 730 people are killed near back up. 900 others were injured -- mecca. 900 others were injured as people gathered for the last major ritual of the hajj. the names and genders and nationalities are not clear but iran says that 93 citizens died and that the saudi government must take responsibility. two weeks ago, a crane collapsed at the grand mosque. a chinese woman wanted by beijing as a part of a bribery investigation has been repatriated from the united states. the state media says that kwan is the wife of a former official of the bank of china who served a prison term in the u.s. for money laundering. she is the second person sent beijing launched a campaign to return suspects o

shery ahn, bloomberg hong kong.: in other news, softbank has raised a strike -- stake in sprint. the interest is about a 3%. it underlines soft inc. founders commitment -- the softbank founders commitment to turning the wireless carrier around. sprint posted the third consecutive gain in subscribers in recent quarters, leading him to say he sees the light at the end of the tunnel. maker snap takes a jumped 27% in new york on rumors of a buyout bid from china. the company has rejected a state backed chinese offered that billion, at almost $4 $110 a share. that would represent a 70% premium on tuesday's closing price. declined to comment. apple has launched its music streaming service in china along with e-books and movies. it is promising a library of content geared to the most important market outside the united states. apple music will be offered as a free three month trial before users are charged 10 yuan a a dollar $.50. in the u.s., we are charged between 10 and $40. protectionist policies and years of red tape

i am shery ahn. angie: nike is jumping higher today. the company's stock price, that is. shares leaping 8% in created as the athletic maker beats first-quarter estimates. zeb eckert is joining us. it appears that nike's athletic aesthetic is the key to the appeal. zeb: in so many markets, nike is powering ahead. let's look at the financials because this impressed wall street. a share.ising to $1.30 - also revenue is powering ahead as well. a saw net income coming in at 23% gain, $1.18 million, a huge global company headquartered in beaverton, oregon and run by mark parker. he was the heir apparent to phil knight. rove thehrown the -- d

anna: thank you, shery ahn.president delivered his state of the union address in about 60 minutes. the refugee crisis is dominating. germany converting to house new arrivals. denmark now becoming the center of the story as well. issues about people passing through the country. hans nichols is in this country. a critical day in this story. what are we going to learn and what does it fit into the last 24 hours? hans: we will learn how far apart the eu numbers are from the reality on the ground. even the most generous counting as 160,000 refugees resettlement within the european union. every day in berlin, these are the named -- latest figures, 1000 refugees are arriving in berlin everyday. it looks like authorities are wanting to register some of these migrants,, but they actually do not want to be registered because they think that will hurt their chances to make it to sweden. merkel is doubling down. latest we havehe of how much they're willing to spend. at a same time, all morning, we heard from federal and sta

i am shery ahn. one a rulinghas that may for samsung to stop using features in a smartphones and cap us. we have yvonne following this, and what has been a four-year rivalry -- a battle you could say. very important victory for apple? yvonne: just to give you some perspective, back in may 2014, thee had already won jury verdict against samsung. but at the trial, the judge said that monetary damages were enough. he did go further and declined to issue an order or samsung was issued to remove some of these features. the question now, the slide to unlock, the auto correct, as well as the quick link -- which we are familiar with. apple will appeal the ruling, and samsung may be forced to change its product when it comes to those features. and so apple has argued before that they cannot control how these patents are going. they will lose market share, they will lose reputation as an innovator. here,aching consequences some say this is a good president. cedent a good for other smartphone makers? yvonne: yo

shery ahn joining us. it happened again. have seen this time and time again. shery ahn: we did.orafternoon in china investors is now a waiting game. will they not intervene in the markets? yesterday, or the speculation is, they did intervene. you cannot not speculate. take a look at the shanghai composite. in the last hour of training, a surge of 5%. goldman sachs saying, $246rities have spent billion purchasing shares, trying to prop up markets. china's also rising, 7.2%. h shares rallying more than 2%. angie: four a shares, we can say china might have intervene. but shares also surged in new york. shery ahn: yes, on that speculation china's intervening in the market to stabilize stocks. online retailer j.d..com surging more than 8%. the internet stocks are now leading the game in the u.s. investors are thinking that these sort of oversold chinese e-commerce stocks could have more possibility on the upside. they also think that the fed meeting coming up this week, they don't think that will have a big impact on these stocks. of course, traders seeing a 30% chance of inveterate-

those are your top corporate headlines i'm shery ahn.pers are the staple across most asian skylines. return of afor the more human scale. the man behind google's new headquarters during his recent visit to hong kong. >> natasha's for buildings is what they facilitate. the human scale is something that is been neglected in many buildings. development of gotten bigger and bigger particularly in asia buildings and never small. humans are still roughly the same size though. designing and trying to break down. as the new british inventor thing. that was where people didn't want to use. it was chitty chitty bang bang. it can find its eccentricity. personally you don't architect of building, you design it. angie: british designer there. we are in singapore when first up returns. angie: germany says the plan to relocate 150,000 refugees around europe is a good or step but the numbers show much more is needed. germany has registered nearly half a million migrants this year including 105,000 in august the37,000 this month chancellor said she wants

i am shery ahn.many good players, and under armour is determined to prove it deserves a seat at the top table. more 2011, revenue has than doubled. its biggest growth area is international where non-us revenue has tripled. unlike its rivals, under armour has teamed up with big names, including andy murray, tom brady , and stephen curry. curry says basketball's surging popularity in asian means it is only a matter of time before china owns its own and be 18. he is in beijing -- on its own nba team. he is in beijing, and stephen engle spoke to kevin plank. we've been traveling to china for years now. we opened our first office in 2010. we will be adding in the month of september alone roughly a store a day. china is a massive, explosive opportunity. one thing we recognize is going about it the way every other brand has done is not the right thing. e-commerce plays a different role. you will see us take a different tack. one thing we know, this market is incredibly hungry for the under armour brand. bri

ahn issecond half, shery there in hong kong to break it down. shery ahn: it finally happened again. chinese stocks surging in late afternoon trading. there has been speculation that the authorities would prop our markets. we have seen these late afternoon surges. from the lowest point to the highest point, this is a surge of more than 5%. all of this despite week trade data, having to growth in concerns and export decline. imports frank 14%. k 14%.orts shran those who did not see the upsurge after the shanghai composite rally, the nikkei erasing all of this year's gains. 2.4% in the morning session and falling to the lowest level since february. we are seeing asian shares plunging still and declining and extending those weeks of consecutive losses. we have some gains in the session. -- asf rising 200. after a producer made a multimillion dollar takeover bid. stocks in new zealand rallying 7/10 of a percent, because we expected to rally 2.5% when it meets later on thursday. jon: thank you for breaking down market moves in asia. the chinese data drag worsening in the month of august.

shery ahn standing by ahead of the fed. shery: stocks are rising across the board in asia ahead of that fed decision. nursing japan and australia leading the gains. japan rising 1.3%, of course we had the trade deadline earlier this morning showing that export growth has slowed for a second consecutive month. but we are seeing lower volumes in the -- and that is surprising that investors are saying on the sidelines ahead of that decision. rising 1.3%, we're hearing that is halted due to a technical glitch in investors unable to trade futures. the shanghai composite rising half a percent, we have seen wide price swings in the morning stocks. gains, we are% seeing incredible volatility -- chinese stocks the highest since 1997. gaining 8/10 of 1%. rising more than 2% from a gained at one point -- it gained at one point more than it hasn't two years. we saw a surge in oil prices, malaysia being asia's largest exporter, they have seen the benefit of those arriving prices. threenggit again for consecutive sessions, we are seeing

here is shery ahn. sherry: let's take a look at the aussie dollar because australia sends 30% of exports to china. the aussie dollar holding onto gains, up .4% but trading below the 70 u.s. and mark -- cent mark. the aussie declined for the past two months, pushing a six-year low yesterday. the kiwi dollar managing to hold at 62.80 u.s. .3% cents. they're holding a policy meeting on thursday and the central bank is expected to cut the cash rate of 25 basis points. let's take a look at chinese reversedcause they losses earlier in the day when the trade numbers came out. they rose and they were unable to hold onto gains and are now down .5%. still, last time i checked, small caps in china are rising for the second consecutive session. member yesterday that -- remember yesterday that it was the first one to rise in a week. . shares are trading higher japanesethe revised second quarter gdp was marginally better and quite a bit better than the economists have been forecasting so why is it flashing warning si

shery ahn joins us. allave been digesting morning the trade numbers out of china.laying into the asian market? things have improved over the last hour or so. china.all focus was on trade data. investors looking at how the trading is doing. exports and imports fell. chinese exports fell for a second consecutive month. looking at the new zealand dollar, australia spent more than 30% of its exports -- austria sent more than 30% of its exports to china. the aussie has declined for the past two months. this is a strong rise. the new zealand dollar is holding on to gains. rising almost .5% after declining for four consecutive months. i want to take you through the that's because that is because of that trade data to be hit on japanese stocks. they were surging in the early morning, but they plunged. they finished down 2.4%. they erased all of this year's gains. they are at the lowest level since february. chinese trade data is outweighing our report. i want to take you through the shanghai composite. we are seeing an interesting move where authorities areulations -- auth

shery ahn in hong kong. global market turmoil that followed the currency devaluation in china, fed officials have not ruled out an interest rate hike in september. many are sticking to predictions that they will left interest rate next week at some traders still need convincing. caroline hyde has some analysis. we are getting mixed signals not just from the trading environment, it is a very mixed picture. caroline: jury is out, resolutely. there is one signal that might be showing certain traders think we will see a rate hike as soon as next week. it is a two-day meeting. they are at the highest yield 2011, yield is getting higher and many are anticipating that rates will rise. so that is pushing us in that direction. meanwhile, the economists we surveyed are a bit more bullish about a rate rise. w 50% believe we will see a rate hike next week. flip side thinks not. let's have a check-in on the great function of the bloomberg terminal, one that looks at the federal funds futures contract. that looks at the l

shery ahn joining us there. has debtsg says china dealing with the company's pressure.will open its offshore currency market. market. the .> china will open up even more our policy of investing abroad will remain unchanged. these specific ologies will continue to encourage more foreign investors and they will expend aspects -- access to market. fastestey rose at the price -- fastest pace in years. enda curran joins us live from hong kong. any plans to jumpstart the economy? a lot of people talking about some of the weak days. enda: he talked of the economy and its fundamentals. no chance of a hard landing, whether or not that would convince the markets remains to be seen. he made direct commentary on the yuan. he said china is not interested in the currency war. market will not weaken much further from here. he said that china is rolling out stimulus. they are cutting interest rates here it there -- rates. though he is talking up the economies fundamentals, at the same time, they are putting a lot of money into it. " the figure between china's consumer prices and factor

ahn ead. >>> trim the joy, three identical baby boys meet the public. >>> and wondering when some cooler temperatures might be on the way, dave. >> it is going to be 88 degrees today, david, but going to see a 15-degree drop in th future. w far ahead is thad tell you in a couple of minutes. [excited yelling] ah, yes! you can't stop it! aww...your mom liked my post. you're friends with my mother? whoa. another episode? definitely. we all use it differently. so why should we get it all the same way? the internet s ed you need. are you guys texting each other? whether it's 3 megs or 300 megs, yeah. for the right price. from $14.99 everyday low price internet, to 300 meg ultra-fast internet, we have you covered. even with wifi at home and on the go. plans start at $14.99 per month. call 1-855-want twc to switch today. >>> mayor de blasio's times square task force scheduled to start in an hour. the mayor formed the task force to deal with the recent increase in topless painted women and cash for photos. the task force has about two weeks to present some options to the mayor. >>> new yorkers l

. >> thanks, aaron and ahn. a quiet start to the day. skies have been almost completely cloud free for days. weather impact on wednesday, nice and low. off to a cool start. now we're up to a cool start. not much of a change in the weather pattern. not as many 40s on the map as we've had the last couple of mornings. couple of places out in the mountains of west virginia. in the metro in the low to mid 50s. downtown at 63. annapolis at 62. planning out your day hour by hour. sun is up at 6:15. we get closer to the autumnal equinox. up to near 80 by lunchtime. mid 80s this afternoon. plenty of sunshine. start talking about your commuter impacts. >> good morning, chuck. right now still breaking news here in northwest washington. talking about the roadway right in front of sibley hospital here. loughboro road shut down because of the water main break tweel dealcarlia and macarthur. big look at the belt way, inner look and outer loop rolling along fine. 66 eastbound as 123 looks quite good. westbound, no problems. east-west highway and colesvi

la interacciÓn y las risas de los dos ahn causado sensaciÓn en las redes sociales.

shery ahn has the latest. shery: it continues to expand. the deadline is nearing. told vw car regulator to have a plan for if and when their cars will meet national emissions standards. that deadline is october 7. that is next week, wednesday. that deadline is coming up. vw says they will present a plan in the coming days, but carsber, it is 11 million globally. vw says they will notify customers. still, it's a big issue here. both incars globally, china, saying 1900 volkswagen vehicles could be affected by this diesel engine issue. -- the w already bw has had to bang recalls. they risk losing consumer trust in their largest market. they have been struggling in china. dropping 5% through august. angie: how are they fixing this? shery: they're trying to do everything they can to vw,amline decisions within for example on friday, they had a board meeting that cap data capped a tumultuous week. they were trying to figure of whom know what and when. a source says documents from four years ago flagging illegal software that was installed in vw the soul cars was never sen

as shery ahn reports, that's one third of the country's total housing stock.now we are outside tokyo. this part of the city is a microcosm of the japanese housing market and the problems it's facing. about one in every five homes here is empty and unused as a result of japan's rapidly aging population. young people have moved on, searching for a better life in the big city. the city decided to fight back, launching an initiative to offer vacant homes a . >> since we started in april, we managed to arrange four rentals and one sale. the interest in the program is massive. we're going to expand the initiative and hopefully make progress. shery: easier said than done in japan, where only 15% of home sales occur on the secondary market. that's partly because of tax regulations. the value of a wooden home depreciates to nothing after 22 years. concrete buildings lose all their value after 47. homes aren't built to last because there's almost no resale value. >> the issue of abandoned houses cannot be solved without appropriate tax reform. shery: a key part of prime

as shery ahn reports, that's one third of the country's total housing stock.: now we're outside tokyo. this part of the city is a microcosm of the japanese housing market and the problems it's facing. about one in every five homes here is empty and unused as a result of japan's rapidly aging population. young people have moved on, searching for a better life in the big city. the city decided to fight back, launching an initiative to offer vacant homes a new life. >> since we started in april, we have managed to arrange for rentals and one sale. although the actual number of deals is small, the interest in the program is massive. shery: easier said than done in japan, where only 15% of home sales occur on the secondary market. that's partly because of tax regulations. the value of a wooden home depreciates to nothing after 20 years. homes aren't built to last because there's almost no resale value. >> the issue of abandoned houses cannot be solved without appropriate tax reform. shery: a key part of prime minister shinzo on base recovery plan was to encourage n

shery ahn is standing by.asian stocks heading for its lowest since november 2012, extending seven consecutive weeks of losses. it has been pretty challenging to gauge the direction of the markets this morning. let me start with the shanghai composite, just a few minutes ago, it turned into negative territory. falling 1.5%. the housing index also turning .5%.ive, down each of the markets when into positive territory during their lunch break. the gdp growth was devised to 7.3% from 7.4%. managed tonikkei and end higher. all morning, gains and losses in japan. -- cost the index closing kospi index closing down. energy stocks leading the declines in south korea as well as in australia. the asx 200 down .4%. mixed seeing quite a market this morning. i want to take you through some of the movers and the asian markets -- in the asian markets. japan, toshiba rising 2%. they closed up 2%, after gaining 5% after reporting delayed earnings after facing an accounting scandal. denaso had hsaseko and surging in trading in t

here in shery ahn. a hedge fund? shery: yes, we're taking a look at a man group. sources tell us chinese authorities have taken the chair one -- chairwoman into custody to assist with the police probe into market volatility. assisting with investigation it does not mean she is facing charges or did anything wrong. the details are hazy. li's mobile phone was turned off when called on monday. andpoke to li's husband he said she is in a meeting with authorities of he does not know who they are. i called the china ministry of public security and it went unanswered. chinese authorities have blamed miscalculation for the rout. executives at securities and journalists add business magazine. let's head over to japan. the finance minister there is weighing in on toshiba's wrong accounting scandal. we heard from one person sainted shiva should release -- toshiba should release accurate information quickly. the problems are snowballing. 10 more cases of accounting irregularity have come to the surface. one is a project at one of his u.s. units, properly timed a booking of la

shery ahn, your asian market wrap. shery: it is a mixed picture today with markets lacking. the shanghai composite wasn't negative territory most of the day. in the last 40 minutes, stocks regaining ground it finishing unchanged. volume only half of its three-month average. that is after the offshore yuan jump. the hang seng index getting .4% -- index gaining .4%. the nikkei, we did not know where the market was going, but .2%.nished down with that rally earlier, the nikkei is on a positive note. gaining on a weekly basis for the first time in a month. new zealand down about the same amount. as he lined we had -- new zealand, we had manufacturing data out, showing expansion in august. bank keepingntral its key interest rates steady. one of the big gainers inch .8%. strengthening jonathan: have a great weekend and asia. we are lookingd, forward to fed today, september 17, when the market finds out if the fed will hike rates. again, has waited once declaring the time is not right. crooks we see the job -- >> we see the job market -- we see there is room for the fed to hold the

let's bring in shery ahn. shery: october being investigated, we are hearing regulators and other countries are owing to scrutinize their vehicles, as well. japan says they have no plans to investigate vw. the cars were imported into japan, and they are considering , and the emission scandal affect platinum, now trading at a six-year low. curbmes from devices that harmful gases from cars, particularly diesel types, so they say there will be a substantial drop in platinum usage if consumers by fewer diesel cars, and martin winterkorn now has taken responsibly for the scandal, after 22 billion dollars of the vw market value was wiped off in the past week. now, the board will have to find a fresh leader to repair vw's reputation. asource tells us that possible replacement could be the head of the porsche branch, with a family that controls a majority stake of volkswagen. we are also told that the head of the passenger brand who recently joined from rival bmw could be in the running. they will consider successors a

let's get over to shery ahn. shery: good morning. another dramatic day for chinese stocks here in the last 15 minutes. the shanghai composite report -- reversing gains. volatility is at its highest since 1997. we're seeing the shanghai composite finishing down. the hang seng still has one hour to go. 6/10ng to -- trading above. yesterday we saw that late surge in training. the shanghai composite finishing down. up 1.4%.ishing lower volumes today, ahead of that fed decision. we had trade data out of japan showing exports growing slow. growing in new zealand. stocks are rising .5%. the economy expanded less than expected. malaysia surging today, gaining 2%. we have oil prices overnight gaining. largest oilasia's exporter. they have seen gains. beateng it has taken a that's has taking -- has taken a beating. gaining for the past three sessions. we are seeing some weakness across asian currencies. organ sammy saying they are saying-- morgan stanley the rupiah is the most attractive currencies. back to you, john. jonathan: enjoy your afte

kim min-su ("kim min soo") and ahn su-bin (on soo bin") escaped separately across the river to china.>> did you ever feel in danger? >> su-bin told us she had wanted to leave north korea ever since her father was swept up in a purge when she was 14. >> she said after her father disappeared, her family was exiled from pyongyang. >> the government only allowed us to speak to people that were approved by them. of the people you know, what is the general feeling among the population? >> in 2013, the united nations released a groundbreaking report on human rights abuses in north korea, concluding their abuses - including forced labor, deliberate starvation, torture, and the complete denial of the right to freedom of thought quote "have no parallel in the contemporary world" when he was only 9 years old, kang chol kwan said he was imprisoned at the yoduk political prison camp with his family. when he was released 10 years later, he escaped to the south >> so there are entire families kept in these places? >> 80 to 120,000 people are reported to be held in these camps on life sentences. the

shery ahn to break down the market moves in hong kong. shery: it was an incredible rebound for the nikkei today. winning the most since 2008. that is during the collapse of lehman brothers. getting the most since 2011. the nikkei rising 7.7%. of grain. asian shares rising the most in the six years. the shanghai composite extending yesterday's gains, rising 2.3%. the hung some index, that's the hung sing index rising 2.4%. it is rising the most since april. we saw the sx 200 gain 2%. new zealand stocks gaining 1%. new zealand ahead of the meeting tomorrow. we are expecting the federal bank to cut 25 basis points. let me take you through the nikkei, because the rise was a stunning today. all sectors in green, every single stock on the nikkei surged today. after the index plunged to the ,owest since february yesterday, erasing all of this year's gains. that is back today. it is firmly in positive territory. today we are seeing optimism across asia and felt. also -- asia being felt. is gettingsafe asset -- look at that, the yen trading 120 sp

those are the top corporate headlines, i'm shery ahn.ct whoef has had a spending spree is said to be stepping down. mergers and acquisitions plays a bit part. giving usem -- zeb the details. zeb: according to sources they thethat the man who has led effort in the last few years will be branching out on his own for his own investment firm. this has not been confirmed by the company yet, but he has played an instrumental role. in his seven-year tenure, he has done 90 deals worth $19 billion. that is more than venture capital firms in china. he has been busy. sent deals have brought 10 tenc from a desktop companyent on to the largest internet company in china. acquisitionsaid the strategy was bold, but it was a that on the future that appears to be paying off as the mobile boom continues. is the next thing, he really sell the future of that. he's on the opportunity to branch out to the mobile space. he made acquisitions that supported those businesses, gaming, commerce, banking, other services. the main companies they bought that are doing

bloomberg's shery ahn is standing by. >> good morning. just as mentioned, one of the be focuses of this week will not only the rate hike but also a republican presidential debate. joining me now is frank lutz, one of the best known american pollsters. think is a much a time. your job is to craft the right message for your clients. what are the key issues and candidates need to get right in order to move forward in this election cycle? >> focus more and attributes than i do on issues. what makes this election difference is that a lot of people here but the deficit and incoming inequality and foreign policy, but they really want to know if the candidate understands them and their concerns and fears. this is something we've never seen in american politics before a focus on who the candidates are rather than where they stand according to the polls it looks like donald trump understands what people want to hear. how do you assess his strategy in his approach? i know you're not a fan. >> i don't take sides. he and i have had agreements and disa

shery ahn is standing by. shery: thanks, angie. seeing volatility, which is not surprising, given that chinese markets have come back online. in positiveck territory, rising 9/10 of a percent. they were at the weakest level from february, but they are managing to gain again in the afternoon. in china, look at the shanghai composite, rising, being led by small caps, but it has lost a lot of momentum since the early surge in trading. ng, again after falling to a two-year low on friday. remember -- they have formed a bearish indicator, the death cross, which indicates we may see a further downside. they are being led by energy stocks. in a straley a, we are seeing in australia. energy stocks leading the decline there. in australia, do keep an eye on financials, because the four biggest names are massey capital, meeting stricter regulations. they will be modifying operations by 20% to cut costs. we are seeing interesting moves in currencies. for the korean won, it fell to the weakest level in almost four almost below point 1200. there

over in asia, shery ahn is standing by. japan didn't last that long. shery: no, it didn't. it was the one of the biggest pieces of news today. china's producer prices fell by the most in six years. the shanghai composite down, analysts saying we are seeing some profit taking after the recent gains. the only index among major markets to rise after the korean yuan weekend for the first time in three days. it finished lower after we got employment data out of australia showing the economy added more jobs than expected. but it was all about the nikkei today. a historic rally we saw, all sectors -- but we have some disappointing data. machine orders falling below expectations. stocks just taking a beating. we have rate cuts this morning by 25 basis points. kiwi dollar tumbling more than 2%, back to you. jonathan: great work, thank you very much. asia and china always in focus. thechinese premier said at world economic forum that the door will open wider. >> we will not be swayed by short-term market functions, but notably take them lightly. he will take preemptive measures, i le

shery ahn: after weeks of losses, led by the nikkei, which at one point surged over 5%, it is now gaining the most since march 2011. up 4.9%. and losee nikkei fall all of this year's gains yesterday. i just regain footing today. -- they just regained footing today. the fact that the japanese yen is weakening is helping. asx rising. aske shanghai composite rising 1%. hang seng rising 2.2%. we heard from goldman sachs that authorities in china probably $236 billion trying to .rop up the market in shanghai they succeeded today. they are gaining. untamed --remaining unchunchanged. the latest steps in order to reorganize the big -- business empire with infrastructure offering $11.6 billion in stock to buy a sister company, hong kong electric here that would be power assets. i also up 4%. not to you. relationships and that survives to financial crisis, change in sovereignty. three decade-long hong kong peg is trapped in a tug-of-war between the united is in china. who is going to win here or is it really a battle? juliet with the details. reporter: a battle or telework. cut between the tighteni

shery ahn is here with the latest. shery: it happened again.hinese stocks surging in the last hour of trading. ever since the stock route in june, we saw the systematic rise, surge of stocks in china in late afternoon trading. the only time we did not see that was on monday and then there were speculation that the authorities would not intervene because we'd already passed the military parade last week. the whole week, we saw these gains. this is late afternoon trading -- not so much on monday, but we are seeing this and we are seeing this swing of more than 5% just yesterday from the lowest point. the intraday trading and the top where we tried -- stop more than 5%. all of this despite we trade imports fell and exports fell and we have wrote concern which authorities are trying to prop up markets. angie: what impact is all this intervention having? shery: a liquidity crunch in chinese stocks. we are seeing authorities tightening position limits. we are seeing liquidity being out of chinese market and that is causing the volatility in trading b

shery ahn?y: of course, this was the closest watched decision in years so a lot of reaction on social media. economics professor at the university of michigan saying yellin makingish sure that it is an inflation target and not a ceiling. now we have to hear speculation for the next three months. will they raise rates? will they not raise rates? another person from a financial services firm quoting the chief economist saying that the pace is more important. back to you, angie. angie: all right, sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. angie: it is 7:30 in hong kong. a clear view to pay. not sure if we are getting -- view today. not sure if we are getting clarity from the fed in the same way. we are 30 minutes away from the of trading in japan and south korea. you are watching "first up." ♪ angie: the top s

shery ahn has the details. they designed this software that intentionally cheated.hery: 11 million cars affected. a critical point in this discussion will be to find out what winterkorn knew about this scheme. as ceo, he is in charge of product strategies so he is in the center of the storm. vw is getting a lot of pressure from inside the u.s.. the justice department is going ahead with a probe. the german government and environment canada are opening their own investigations. the supervisory board made of 20 people already met winterkorn yesterday. they are planning to meet again today and will probably continue talking through the rest of the week. this scandal has already hit vw in a big way. their stock down more than 30% which is about $27 billion of market value, just erased since the scandal. we are not only talking about we are also talking about everyone involved. auto parts suppliers. they are falling the most in eight months. angie: that is huge. saw it put pressure on u.s. equities with auto shares going down. if winterkorn does not saw surv, who will re

welcome to first up, i am shery ahn, coming to you live from hong kong.treaming on mobile and bloomberg.com. let's kick things off with a check of the market here in asia this morning. yesterday, asian shares rose for the first time this week, the feelingand stocks are the downward pressure extending five days of losses. down 2/10 of a percent. u.s. cents, also feeling the downward pressure. we are also coming down to the 'really a, japan, and south korea. it has been a good day for japan. they rebounded for the first time this week and they closed higher yesterday right half the present. the chicago nikkei futures now pointing to an even higher open. the dollar-yet currently 120. shanking remains close today. one of the reasons that japan's stocks rebounded yesterday. our top story this morning, the ecb. six months into its extraordinary economic stimulus program, and the central bank has revamped its policy, david is here. what does this mean? avid: what has caught everyone by surprise at what -- was revamping the kiwi. ist means what it signals that si

welcome to first up, i am shery ahn, coming to you live from hong kong.

. >> good morning, ahn. now 54 in college park. 58 in rose riville. 54 in springfield, virginia. walking around town today, this morning, plenty of sunshine. temperatures once you're out and about after 8:00 in the morning, in the mid 60s. what to wear today? might need just a little layer of fleece first thing this morning, but it'll be shorts, t-shirts and sunglasses later on this afternoon. now over to melissa mollet with more breaking news. >>> live picture in front of sibley hospital where derrick ward is this morning. loughboro road is shut down between dalecarlia parkway or macarthur boulevard. 66 in town is fine. 95 northbound/southbound in virginia. don't have any issues there. prince gorges county also rolling along nicely. no major problems. back in a few minutes. >>> it could be a very interesting day in virginia and the case of a state supreme court judge. why she could lose her seat on the bench even though the governor is reappointing her. >>> and a strange story we are following out of florida where police are scouring a university for serial foot sniffer. the biz

it's complex and we're and i think had ahn years from now people will still be in mid investigation. >> why do you like to win so much. >> because he i'm a water creator. i feel like a pour poise. when my farm, he was a swimming channel so i have always swum and -- >> someone said you have become -- you transform yourself from a guesswork terrestrial forum to a beautiful fluid pour pes form. >> i do most of my thinking done. when the starts flow, they flow like water and i would like to be not water all day. >> you're not strongly religious. you don't believe in god. >> i can't imagine what is meant. no. i guess i don't. i would like to. i mean i pine for a kreergt and a protector and i look at the paintings and i see what we have missed but i can't -- i think the universe is organizing itself without any help. >> evolution speaks to you. >> yes. and it's that calm satisfying in the human way of a god and i think this is just what one has to put up with. >> this book is really three books if you count the footnotes of the book. tell me about the other parts. >> although the second pa

about to kick off the 15th national book festival, hosted by the library of congress and tom, erika, ahn and angie will be there this saturday. join in the fun at the washington convention center. >>> we know smartphones can do a lot of interesting things but stop a bullet? a phone in california may have stopped a bullet and save a man's life. the roche was not caught. >> he was shocked and sweating and said to me, i got mugged, the american who mugged me shot me in the leg. he showed me his iphone like this and the bullet was really clear on it. >> his room mate, the victim, was so shaken by the close call, he has already packed up his stuff and moved back in with his parents. >>> a surveillance video has just surfaced that may provide some valuable clues about the three suspects who are suspected of killing a police officer in illinois. investigators have had little to go on in their search for the suspects and their efforts were wasted last night when a woman phoned in a false lead. reporter michelle relford has more on the elaborate story she made up and the trouble it caused. >> rep

this year is the 15th annual national book festival, hosted by the library of congress and tom, erika, ahnie will be >>> new video of a deadly police-involved shooting in texas may end the question of whether the suspect was armed. it appears show gilbert flores raising his arms to surrender in a confrontation outside a san antonio home. officials believe he may have been holding a knife. police found a woman injured when they were called to the home for a domestic disturbance. they say flores was resisting arrest and non-lethal efforts to detain him failed. >>> at 6:45 this morning, students stopped for a moment of silence. >> that the time alison parker was killed one week ago today. ♪ >> reporter: alison parker wasn't just here at james madison university. she thrived as a journalism student, sorority sister and friend to so many. >> i got to realize her true zeal for journalism. she had this passion and so radiant. and it was just a total joy to be around her. >> reporter: jmu students, professor and alums paused to reflect on a young woman who had already proven herself a dedicated jo

shery ahn: after weeks of losses, led by the nikkei, which at one point surged over 5%, it is now gainingost since march 2011. up 4.9%. and losee nikkei fall all of this year's gains yesterday. i just regain footing today. -- they just regained footing today. the fact that the japanese yen is weakening is helping. assets -- a aske

i am shery ahn, keeping an eye on the market.first time in days, after seven weeks of consecutive decline. the tsx in australia leading the game. il sector is rallying after austria's second-largest oil producer made a takeover

shery ahn has the latest on this story for us.s what they have said to have done. admitted to fitting their vehicles with software that only show the controls when they are undergoing tests. vwis a pretty bad case for right now. these are violations that could fines,to $18 billion in not to mention that the justice department could pursue criminal prosecution. vw has said they have launched an external investigation. essentially did the equivalent of cheating on your college entrance exams. how does that affect drivers? >> they have about half a million drivers of these vw and audi cars sold between 2009 and 2015, these so-called clean diesel engines that were so commonly used in some of these gulf, jeddah, beetle cars, as well as the audi a3. they said they have halted sales of their 2015 models as well as certified preowned diesel cars in the u.s.. angie: this was specific engineering of a car to perform a certain function during the test only. how much did the ceo know about this and how much pressure is he under right now? >>

ahn: we have a very low interest rate.ill have a lot of pro argument for growth and we will see what comes out of it at the end of the year. hans: another thing we need to factor in is all the uncertainty in greece. how concerned are you that there is not going to be a review by october, and because the elections, the review could be delayed to november? n: the end of october -- it is two days later, that is not the problem. do need to have a review before there is a next tranche to give more money to greece. we do expect to ever comes -- w ho ever comes into power that this agreement is an agreement with the greek state, not one single party. hans: so, you are not at all concerned about uncertainty coming out of the election? course.n: of there is a chance that after elections we have a reform government that has a mandate for reforms as well in greece and that could make things easier. hans: mandate reform and you find a political center. that could make implementing these measures -- which are difficult -- mr. spahn: mo

shery-ahn has more.ur ofz the city can never come close to this -- the glory of nature among the himalayas. that is what he thought when he turned his back on the $150,000 career to herd goats. >> there is something which is not true about me -- even though i think a good salary and a good accommodation, good food and good friends, there was something missing in my life. i was not able to pinpoint that. shery: back in his homeland, e-mail handle some of the most expensive passion of scarves in the world. the overseas cashmere overseen being woven into scarves far away. >> if you train the people locally in spinning and weaving, how it should be done, there is a lot of possibility to implement. shery: it now describes himself as an artisan businessman. he intends to give 7% from each sale back to the community. >> and health care, we need the health care kits to be provided to the community. we need ambulances. we need to create schools. training and education is a very to growt part for them, up in the v

bill: packly you ahn know worked for -- pagliano worked for clintons and set up at the state departmentover this. politically how does this change for her? >> i think it is very, very hard. i've been involved in campaigns and we don't know whether secretary clinton committed any crime. i will not jump in and say she committed a crime but to have a presidential campaign where the emails and the server and the private server are the fulcrum and the focus right now of that campaign, and the fellow who put it in is saying i'm not going to swear before congress to tell the truth about what i know with regard to this server, and mrs. clinton, that's a huge, huge problem. today will hillary clinton say to mr. pagliano, please, tell the truth? please don't take the fifth amendment. please let the world know what happened because i don't think there was a crime here and there was nothing wrong going on. it will be interesting, if we hear secretary clinton make that statement publicly, that everyone around her tell the truth, cooperate with congress and the federal government, but there may be an

we've written of ahn answer that's just trumpier. >> uh-oh this could be dangerous. >> 28 be fine. >>overnor, what is your reaction to the iran deal? >> i will build a wall between the united states and iran and make mexico pay for it. >> trump is scoring points says jeb bush is low energy. today after his appearance what do you think? you're a supporter of jeb bush. >> i think trump is very, very good at insults. as we know he's very, very rich very, very smart, very, very good at deals, and i think he has a lot of experience of getting very good at insults. he's snarky and he's effective at it. he knows how to land a punch. he may not be able to name terrorist leaders, he may not be able to give you policy specifics on any of the port national security issues but he can certainly land and punch, and he is funny. let's admit it. they got 6.6 million viewers for that show last night. >> eric let's talk a bit about preparations for this debate. you helped prep mitt romney for a number of debates. what's your advice for jeb bush right now, how to handle trumped next wednesday? >> i thin

neil: shery ahn raised some eyebrows when she spoke about inequality about a year ago.ood actually look at the data, look at where rate -- wages are up rising. their rising for those workers with a large propensity. that is where the raises -- the wages are rising. they are closing the gap quickly. that is why if you think about the labor market, and the fed, the fed is actually helping to reduce income" the desk income inequality. i think the dovish arguments are losing their staying power as the labor markets continue. we sort out the economic tea leaves. a four-day work week really moving to september as well, futures up 34, the dow futures up on a 10 year yield. points thisasis morning. what i would really watch is the two-year u.s. full faith and indicating48, really at the top end of a higher yield for that short-term two-year yield, something much more important for the fed. the dollar yen, 11999, almost two 120 this morning on the end. >> it is time for a morning must-read. writing in the lactic on serious refugee crisis. he quotes from a doctor of m.i.t. who de