we have seen a rally of the at1's traded in the apac region today.not think that has been fundamentally undermined by this action? elisabeth: it was quite helpful that the regulators, the ecb, the resolution board in europe, and also the bank of england, came out with their own statement quickly that they would adhere to the normal treatment, that shareholders bear the losses first, and credit suisse's capital structure with the at1 bonds bid that will go a long way in reassuring investors, and these were risky bonds, intended to absorb losses. that should not be a surprise. tom: how much damage do you think this has done, if at all, to switzerland's status as a banking hub for now and the future? elisabeth: it is interesting. i suppose he could put it in the context of that it is not a problem. this financial crisis is not just affecting switzerland but banks in the u.s. and in other markets. ubs still is the largest global wealth manager, and now it has gotten bigger with the taking over of credit suisse. i do not think it will immediately change t

let's bring in our chief apac strategist at blackrock. yesterday, by china, but hedge funds been selling china, saying the reopening story networking at the way anticipated. buy or sell china? >> we are constructive, overweight china equities, emerging-market equities, and we think china is the reverse of the situation the west where we have slow growth, high inflation , and policymakers constrained by high inflation. in china, higher growth, 6.1% is are forecast this year, cpi just 1% subjective's policy makers room to maneuver. frankly we think the opening is broadening into a confidence recovery and we are encouraged by signs in the property sector and elsewhere so we are overweight chinese equities. haslinda: by chinese stocks given what we have seen from alibaba? >> since the stations, the new premier has talked about growth and the importance of private sector companies towards driving prosperity and growth, so it feels like there is a different domestic-political context which is important for china, and even the world. it is very

energy/materials in particular weighing on apac. rish, we are watching the oil market as well.g a bit of a bounce but this is affecting asian oil companies as energy shares are retreating and oil closing at 50-month was and we bounced off that in the session. accelerating a three-day slide taking oil down by over 8% paid there we go. brent crude $74.13 a barrel. overall, equity markets of the lows of the day, but certainly not enteral, if you will, what is going on with credit suisse and the time at among financials -- tom alt among financials. we have more coming up. th as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. haslinda: wel

the air was untainted by the stench of sewage polluting the river more frequently as london grows apace affected by the rhythm of the tide, it is coming in. every 12 hours it takes place, bringing a new delivery of london's history. here is something that is 2000 years d. >> these objects don't really come alive until you find out what they are. then you get this life to them. this looks boring, but it is a chunk of roman floor. it is beautifully polished. you can imagine the feet tha passed over this. this sort of smoothness. the great things about the river is the mud is anaerobic, there is no oxygen in it. it preserves organic material perfectly. this little cone is made of boxwood. it is broken inside. one side would be for getting out the parasites, the others for styling hair. >> do you have a holy grail as something you would want to find? >> i did, it was a holy relic. i wanted to find a medieval pilgrim badge. i searched for 20 years for a complete medieval pilgrim badge. i've only found pieces of it. a couple of years ago, i finally found one. this medieval pilgrim would have

and the idea is that this will continue apace now, that you will see more arrest warrants potentially, more investigations, as all the different allegations that have been made are researched. now, obviously this takes a huge amount of resources, john. right? there is no shortage of war crimes as we've mentioned before taking place in ukraine. in fact, to use khan's own words, he said ukraine is is basically a crime scene. and so there's now an inordinate amount of work that needs to be done to go to try to verify and to build up solid cases in this instance and in future investigations taking place. >> clarissa ward, we're going to have more of your interview coming up. ivan watson, matthew chance, our thanks to both of you. next, more on the woman we've been talking about and the program she runs bringing ukrainian children to russia and erasing their ukrainian identity. and later, my conversation with elena gnes whom "360" viewers got to know in the early days of the war sheltering with her children in kyiv. she is now here in the united states. and we spoke about today's arrest wa

there were people in early apac who cast trump as an unserious nonconservative who shouldn't be given even one coveted speaking speedometer now he's the main attraction while others bail, and he is now a former president standing a i stride this party he famously upended, including weaving his way through places like c pack where he famously hugged and rocked an american flag, an image you may not be able to get out of your mind, sorry. so there are signs if you want to use cpac or the right wing process right now to find alternatives to trump, for those party elites -- there he goes again. we looped it. you know, sorry again. there are signs it could be an uphill battle, if you want to use this to find alternative, and those signs range from anecdotal stuff to polling to what i just told you about cpac. here's another sign you may not have seen yet when it come to the "wall street journal" elites looking for someone other than trump. on fox news they were trying the aim a segment that focuses on ron desantis' new book, his story, and thus a new presidential president. but they found

interestingly when asked about china elon musk shifted the attention to the head of the china apac businessemand is a function of affordability, not desire. really light on specifics and that's part of the reason why the stock is under pressure this morning. >> cnbc's julianna joining us live from london, thank you as always. >>> still ahead russia gives an ultimatum to the united states following vladimir putin's withdrawal from a nuclear arms treaty. that's next on "way too early." y that's next on "way too early. with flonase, allergies don't have to be scary. spray flonase sensimist daily for non-drowsy, long lasting relief in a scent-free, gentle mist. (psst psst) flonase. all good. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. with the freestyle libre 2 system, know your glucose level and where it's headed. no fingersticks needed. manage your diabetes with more confidence. freestyle libre 2. try it for free at freestylelibre

deliberating in their own speed and with their own timeline and listening to witnesses in going to proceed apace i think for donald trump he needed to do this politically. we expected him to come out. he sort of set this artificial timeline and expectation when he said that he was going to be arrested last tuesday. that, of course, didn't have happened, there's more to come from these proceedings, and we'll just have to wait to see what he definitely i think helped himself with the people who like him. he's based, their rallying behind him in in in, you know, i think some people obviously thought he went too far in his attacks against alvin bragg are some of the things he said about them. but this is vintage donald trump, and we'll just have to see what the proceedings lead to katelyn polantz on this decision by a federal judge to go ahead and force the former vice president mike pence into testifying under oath before the this this january 6th federal investigation criminal investigation involving trump. what are you learning wolf? so this is the type of legal decision that is quite notable bec

world in a trump timeline that he created out of thin air, this grand jury seems to be proceeding apace with their own timeline. another grand juries do, but donald trump had to sort of put his thumb on the scale and make us think that something was going to happen immediately, and we should also note um the former president is also you know? social ng on his social media platform about this grand jury about this case about the d a. he's trying to put his thumb on the scale, but we don't know if it's having an effect. the only place that really is having an effect is actually in the house because just right after trump talked about this, he made this claim. mccarthy reacted and told his several committee chairman, you have to investigate this. the manhattan d a. is corrupt, very much following the lines of trump, and that is exactly where you're seeing. a lot of this action probably will continue to see one of that speculation of look at the federal government weaponizing things against you against trump against americans . that's a lot of what we're hearing from these house republicans

fighting in ukraine they could go home and live their lives as usual and everything would proceed apace but if ukraine stopped fighting ukraine, they would cease to exist. it is a different situation. the challenge is if you have one country threatening another country's very existence, claiming that's the reason they can't engage in arms control it challenges our ability to move forward with them, we need to understand and they need to understand why the broader arms control architecture and new s.t.a.r.t. is in their own interests stabilizes their own security as well as the global community. that's the overarching problem, you can't say this is the reason we need to get rid of all nuclear weapons, because in russia or elsewhere or china saying that is what they want to do and it's not credible to say that is the path forward at this very moment. >> many experts believe that the likelihood that nuclear weapons will be used now, either intentionally or as a result of miscalculation, misperception, that the likelihood has substantially increased in recent years. should traditional arms

degree china regrees ward a more centrally planned economy and what extent liberalization continues apace. >> thank you. i have a specific question. to what extent do you think china's success thus far in moving forward and becoming more innovati has had to do with their continued accesso our system and the broader western scientific innovative system and what would be the consequences of that access bng constrictive to be innovative in the future? >> thank you. i think i will attempt the first one. there are areas in industry where being able to follow longer timelines make a differce. i think we saw that with 5g. different tenology areas also have different characteristics and drivers. in areas that impact legacy like biotechnology and i will use that as a good case study, we seen the development over the last two decades, leaders in that field and areas that touch on every aect of development from doing the research, from having sequencing capacity to being able to fuel diagnostic kits and increasingly moving up the value chain. to the point where there are researchers and entities and

the banks apac head of markets. >> rate to be here. rishaad: start off with looking at what is happening. you run the biggest part of the business, how much of that is devoted towards china and how are you growing it? julie: i think we think about china as china written large. hong kong it will is almost a of our revenues for asia. many companies operate onshore and offshore. it is a very material part of the business. we also have bigger ambitions onshore as well. i think it is on the tapes that we are buying or homeownership securities license. we are very much thing about china as both aides must've market and an international market. in terms of what we are expecting on the economy this year, we are projecting the growth rate of the gdp to be about 5.7%. i think our feeling is that that will be consumption led. maybe in a way less inflationary. we think the stabilization of commodity prices is a big differentiating factor in 2023 growth versus 2022. so, our expectations is, domestic consumption led growth, that is frankly what we a

degree china regresses toward a centrally planned economy and to what extent liberalization continues apace. >> do you have thoughts on that? i would be interested want to what extent do you think china's success in moving forward and becoming more innovative has had to do with their continued access to our system in technological a innovative system and what would be the consequences of that access on their ability to be innovative in the future. >> i think i'm going to attempt to respond. i think with the comments about being centrally planned, there are areas and industries where being able to follow the longer timelines makes a difference and i think we saw that with 5g but i think different technology areas have different characteristics and drivers and in areas that lack legacy. i would put biotechnology in that is a good case study. we've seen it developed over the last week two decades of leaders in that field and areas that touch on every aspect of development from doing the research, reducing capacity, increasing lean moving up the value chain to the point where researchers and en

haidi: always great to have you with us, head of apac equity research.paring for the risk of a rapid rebound in the yen next week, the boj policy meeting followed by some crucial data points from the u.s.. we are already seeing that support from the yen from traders who are not giving up yet on potentially a parting shot from the governor. as years and saying, the fed u.s. data, that goes with a much bigger influence. >> the baseline for investors when it comes to the bank of japan is, assuming no surprise, the path, the general consensus is very strong, the path for the boj is gradually towards using or scrapping yield curve -- controls, towards normalizing policy. all seen as a young positive -- yen positive. no one -- a sudden shift back towards easing. that is taken for granted. that is what is put a little fire in the yen's belly overnight and into this morning. the way u.s. yields have come down so strongly. there is some, some concerns brewing that the fed might be on the verge of going to hard to fast it goes to 50 basis points. therefore what ha

the bloomberg apac banks in negative territory.evelopments, first citizens is said to near a deal for silicon valley bank. that could happen at any point. rishaad: a look at what is coming up on the program. we have growing political turmoil in india as opposition leader gets disqualified from parliament on i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. rishaad: india's financial capital, 26 degrees celsius. gets looking as if they will move to the upside, half of 1%. the rupee trading gets underway in less than a minute. the forecast for the indian account short, and that could

i'm wondering if you foresee any tension between states that are party to both apac and cafta and different agreements of one has a stricter standard? >> i have been thinking about it differently in terms of the americas partnership. the are 11 of us right now, so that's united states plus ten. of those ten and is and have free-trade agreements with us. two of them do not and we did want to make the fta's a disqualifying factor because we want to think about the region as a whole. we want to advance an agenda here that is complementary to the existing arrangement that we have, and this is an area as we get into more details that i would be very happy to continue to work with you on. >> great. i've won last question. my time is short. i'll submit it for you to respond to in writing, but thank you so much for your time. and again for always being willing to be assessable for questions or input. i yield back. >> the gentleman from pennsylvania is recognized. >> thank you, mr. chairman. and thank you, ambassador tai, for testifying today. i've noticed the biden administration has a a bad hat of