apec, executive director, spoke to me earlier. to me earlier.ndez of illegally obtaining operating languages. operating languages. they are investigating reports that he... investigating reports that he... regulators and agencies to present the right facts. the right facts. plastic bags on the environment is widely known. widely known. these plastic straws are to be seen as just as damaging. are to be seen as just as damaging. mcdonald's is under pressure and the eu is proposing a ban. eu is proposing a ban. the ban will help avoid 3. help avoid 3. the equivalent of $25 billion by the year 2030. and save consumers $7. 5 billion. billion. asia, there is a gap between what companies say and what they do. companies say and what they do. environmental concerns and the impact of these kinds of things. impact of these kinds of things. but it doesn't translate into action. it doesn't translate into action. people know about it but are not prepared to do anything. prepared to do anything. businesses, don't have the impetus to change. to change. they are

developed alternative critics accuse it of stepping up a censorship the pacific nation is due to host the apec summit later this year. and that's your business update here this hour in the next online or in twitter anywhere i see you see it happening. if you're looking for i mean you've come to the right place north rhine-westphalia so we're excited to meet anyone. examine a few of those from an. interesting mystery to what happens here in this room. in sixteen forty eight percent or so about in germany's most populous state. the business is booming is enough cash to take home a few samples cook some folks here. do some community accounting. good close allies start slowly. but that big bang at the end is definitely not want to cut crime and corruption. in sixty minutes on the phone playing looking for the whitehall the flu around it's fake you know but feel so much about the foods your favorite to play live to minnesota but to make the point that not simply took it over the cultural sensitivity inside the country the champion of free and fair reflection for the last sixty years to prove least

china has at last year's apec summit, the president made some big statements about china's foriness toe a leader regional openness. it's rhetoric isn't backed up either. amanda: daniel rosen, thank you. , prime minister justin trudeau deals a blow to construction firm a con. nearly $1 billion deal that fell apart. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn in new york. amanda: i'm amanda lang in toronto. shares of american construction firm a con are having their worst day since 2008 after the canadian government blocked the deal with china communications construction. josh win growth is with us now from ottawa. this was a long review and the government picks explaining that it's for national security reasons. how surprising is it you this is a state-owned company. >> i think the question was whether they could pass this with conditions and hide off some of the more concerning parts of the company from a security standpoint or whether they were going to just block it. remember trudeau wants to build ties with china. ofhas a long family history barking up that

that is what australia does, engage through a multitude of international forms, g20, apec, and others that means there is a list till the come to factor that in. that is not new. that has always been the case. you just calibrate around what the circumstances are at the time. haidi: is there a certain level of conflict in your cabinet which makes it hard to promote trade, tourism, and certainly that portfolio is the most vulnerable suffering the wrath from china if they are displeased, and it seems they are displeased with australia at the moment. does that make it harder for you to be able to push your cause? >> not at all. we are all pulling in the same direction as a government to ensure we serve australia's national interest in the people of australia well. make sure i serve the economic interest of the country, and that is why australia is deeply committed to having a fully diverse trade opportunity with the world. i have been pursuing opportunities in latin america. 11 and arehe tpp about to commence trade negotiations with the european union and the u.k. all of this is about hav

and then he became formally a member of the delegation to attend a multilateral organization called apec, which has their meetings every year or so somewhere in the asia-pacific region. so he would go to that meeting, he would attend as an official of that delegation. but that would give him a window of opportunity to travel in the united states on that special visa that he had. and most certainly in 2016, he came to the united states in that special way. so that could be what you're referring to, and that's a very curious way that he came. but he did that. so he's formally on the travel ban, but because of that diplomatic passport, i know that he -- for a fact, that he came in 2016. >> whether it's the russian investigation or other stories out of russia, we hear a lot about russian oligarchs. who are they, what's their relationship to vladamir putin, and how many of them are there? >> yeah, it's a great question. i think it's just right now too oversimplified. let me say a couple of things about it. first of all, the word "oligarch," you know, that came out of the 1990s. they prefer to

the apec, the american public -- the american israel public affairs committee is always regarded as one of the strongest lobbies in the city, and it has in its annual convention a majority of congress attending. they, like the nra, like the chamber of commerce, like the aflcio have been always influential in making sure members support their cause. their cause is israel. >> switching gears a bit from that embassy move, this week's move has to do with congress and recess. >> reporter: it auto so easy and fun to make fun of congress. they do don't anything. they always on recess. president trump is going to say, "forget your august recess. let's get work done." this is something donald trump says, but america seems to believe. there are a couple problems with this. it is true congress only works about 131 days days a year in that building behind me. it is true congress only -- there's about one or two days -- two days a week on average. sort of like saying a football player only works one hour a week only 16 weeks a year. it's a ridiculous way of looking at it. you can certainly complain

bush was in australia for the apec summit and part of it is difficulty in scheduling something like thisis -- if it is not an emergency, there is a lot on the first lady's schedule and they have to pick and choose the best possible time when things are not -- the schedule is not so terribly impacted and obviously this seemed to be the best time. >> and what was -- beyond the scheduling issue, because you have first-hand experience with a situation like this, the first lady laura bush getting surgery and not informing the public or press until after it was over and that is different than one would treat it were it being the president, the commander-in-chief. >> of course. >> was it about privacy, was it about she didn't want the stress, she's about to have surgery and doesn't want to deal with the stress of cameras and security as she goes to the hospital, why make that decision? >> well it is a combination of those things. and also the fact is -- with the president of the united states, he is the elected official and it is important that the country know and there is a right to know and

of all, president putin, i first met putin before that when he was kind of acting president at an apec meeting in new zealand and at that stage putin was trying to be very ingratiating and trying to make new friends. he was still cold and reptilian. the issue about him is he is very smart and in these meetings, he did not have talking points and he took notes himself. he also is somebody, i have to describe this because they actually did kind of a jazz concert for president clinton, and president clinton jiving around and putin is sitting like this, no rhythm whatsoever, and, but the thing that is interesting is how smart he really and directed he was. the thing that i speak to more is something that happened before that. in '91, when the soviet union had fallen apart, i was running a think tank and i was asked to participate in a big survey of all of europe after the end of the cold war. and we had questionnaires and focus groups and things like that. and the focus group, i'll never forget, is one outside of moscow where this man stands up and says, i'm so embarrasseded. we used to be

and apec, nafta countries look extremely good for money. seeing the treasury rally, which again trump must be loving. interest rates back at 2.88. three weeks ago we were complaining about it testing 3.10. >> risk is normalizing. we are now entering what i would call a normal period of volatility where the markets get potentially scary information and reacts negatively, which is -- to me, this is normal trading. we should be responding in a portfolio construction way, making sure -- i use this phrase .ast time -- right risk alix: might us now is savita subramanian. come inside the bloomberg and take a look at everyone was looking at with verizon volatility. the top is the overall cross asset volatility. that has picked up although still in negative territory. in the middle is the banks -- vix. then the movie index is the last panel. you see thee do biggest increase in volatility, is it sustainable? as the prior speaker mentioned, this is kind of a normal market environment. we had just gotten so i'm used to volatility, it all feels very str

secondly, with those kinds of misstatements and lies flying around, it seems like israel and apec haveto be afraid of iran. when you have that information floating around -- host: new mexico, james. republican line. caller: how are you doing? people are calling in about this money that iran got. you don't -- because of the sanctions, that is why that money was held back. you don't reward terrorists who say "death to america." you don't reward them. that is the whole idea about sanctions. what these liberals are saying is it is their money, that the whole idea about sanctions. what people don't understand, especially the liberals of the democrats in the united states -- people saying they are independents, what they don't understand is iran doesn't have a nuclear weapon now. at the end of the so-called agreement they will have one. we need to stop them ahead of time before that happens. periodt 10-your time comes, they will have a nuclear weapon. we have to stop that. the whole idea these people are nice and are going to abide by this agreement, they are not letting us in to see. they a