it was about more what unites us in apec.re you more optimistic that apec nations can count the 1% contraction that was experienced last year. rebecca: clearly, there is a lot that we can do together. we bring our support for a more transparent and multilateral trading system. rules-based trading system. the facilitation aspect is what will help us together come through this in build back better. at the end of the day, it is trade that is more open, and fair trade, that will help us grow. haslinda: and yet we are seeing problems in supply chains in international trade, the u.s. and china basically looking at self-sufficiency, including in the area of semiconductors. how will you conduct trade in apec nations? rebecca: at the end of the day, trade is a two-way issue. you can try and onshore as much as you want, but at the end of the day it is about the value chains and the supply chains. no one in trade can go it alone. you have to look at how competitive you are, issues of competitiveness, you look at other issues, along the

as the apec meeting wrapped up. treasury department announced sanctions on seven chinese officials overbay jing crack down over democracy in hong kong, also referencing a separate advisory the biden administration sent today to u.s. businesses operating in hong kong about risks they face. but pressure is on president biden from both sides of the aisle to directly confront and embolden china. >> we continue to be concerned, peter, about misinformation coming from voices in china, about certainly the origins. their lack of participation in the process. their lack of willingness to provide data and information to the world health organization. >> a senior administration official told fox we have been clear this relationship will be defined by competition and we welcome that stiff competition. we will also continue to work to ensure this competition doesn't veer into conflict. >> the white house says president biden in the apec summit reaffirmed the u.s. interest in serving as a strong partner to the asian pacific trade

there was also discussion about economic recovery. apec economy's suffered that was contraction last year since the 2nd world war, 81000000 jobs were lost. now leaders discuss ways to sustain their economies with a focus on keeping the markets open. now and there was also talk about how they would safely resume international travel with perhaps the possibility of using vaccine passports, household goods. a warning of arising covered 1900 infections in england, which is days away from lifting all restrictions. more than 51000 new cases were reported on friday, almost all from the delta variant. russia capital is also using corona virus restrictions, despite searching cases, their moscow residence will no longer have to provide proof of vaccination or immunity. public venues. a 5th of nearly 26000 new cases recorded in russia on friday or in the capitals. the number of people infected with covered 19 is rising in parts of africa because of the rapidly spreading delta variant. with oxygen in short supply center goals have health ministry is investing in mobile oxygen facilities for heal

it'll be the first time that apec leaders have held an additional meeting before their formal gathering violence and looting has erupted in south africa. unrest has centred on kwazulu—natal, where ex—presidentjacob zuma is injail and in the economic capitaljohannesburg. the violence exposes the rifts within the governing african national congress party. aruna iyengar has this report. a shopping mall in durban looted as violence breaks out in kwazulu—natal, the home province of former president jacob zuma. people take what they can. police say looters are taking advantage of the violence following zuma's arrest which prompted the current president to make a televised response. let current president to make a televised response.- current president to make a televised response. let us be clear. televised response. let us be clear- as _ televised response. let us be clear- as a — televised response. let us be clear. as a nation _ televised response. let us be clear. as a nation that - televised response. let us be clear. as a nation that we - televised response. let us bej clear. as a natio

there was also discussion about economic recovery. apec economy's suffered that was contraction last year since the 2nd world war, 81000000 jobs were lost. now leaders discuss ways to sustain their economies with a focus on keeping the markets open. now and there was also talk about how they would safely resume international travel with perhaps the possibility of using vaccine passports. still ahead and i'll just re or access inside a concert zone in northern if you're here. but a tentative is dispute between 2 ethnic communities. and 11 and plunges into more economic turmoil after the resignation of its prime minister designate ah, ah, however, the rain clouds have been gathering across southern parts of the middle east and we are likely to see a once per the flooding of many pounds for the recent loss of clashing up on the satellite. pitcher? is it a storm ahead of that? it's known as a boob, coming in behind beliefs of the kind of conditions that one or 2 spots of st. across all parts of the area, chiefly to a man into yemen, southern parts of saudi arabia. we'll see the worst of

there was also discussion about economic recovery. apec economy's suffered that was contraction last year since the 2nd world war, 81000000 jobs were lost. now leaders discuss ways to sustain their economies with a focus on keeping the markets open. now and there was also talk about how they would safely resume international travel with perhaps the possibility of using vaccine passports still had an order 0. we get a rear access inside a conflict zone in northern if you hear where a territory is disputed between 2 ethnic communities and 11 on plunges into more economic term officer, the resignation of its prime minister designates ah, ah, it's time for the journey to winter sponsored by kettle airways. hello, that the shower was continues to cause major problems across central parts of china . it's a big down pools, the seasonal range stretched right from the southwest, all the way up towards the ne, up towards the beijing. and that will sit in a similar place as we go on right through the weekend. so we are likely to say some flash flooding as a result of that. those big and heavy d

strike three. >> reporter: one apec client, white sox starter michael kopec, has been clocked at 105. upper 90s? >> yes, absolutely. >> works out here for an off season and is touching 105? >> right. >> and talk about improved velocity -- >> and rojas down on three fastballs, that one at 101. >> reporter: the mets' jacob degrom is nearly unhittable after adding miles per hour to his fastball five seasons in a row. >> they've all been fastballs in ten pitches, all been 100 miles per hour. >> how does this happen? i volunteered to sample the apec program myself working with pitching coordinator ryan sullins. >> palm away. it's more here. there you go. press. we'll put them through drills, measurements like broad jump -- just little things here and there. and we can put it into my system, and it will print a two-page report. it will identify every muscular and neurological weak link on the body. >> reporter: in the case of a 40-year-old morning show host, there was, of course, plenty of weakness to find. the tingling is normal, right? listen to the potential results -- >> if we could fix

there was also discussion about economic recovery. apec economy's suffered that was contraction last year since the 2nd world war, 81000000 jobs were lost. now leaders discuss ways to sustain their economies with a focus on keeping the markets open. now, and there was also talk about how they would safely resume international travel with perhaps the possibility of using vaccine passports covered cases were rising in all us state fed official se the 3rd is largely in unvaccinated people. infections are up 70 percent in the last week. and deaths have jumped by 26 percent . the outbreaks for the scenarios with no vaccination rates that sanchez counties, again, making mosque wearing mandatory indoors from this weekend. and many universities only letting fully inoculated staff and students return to campus us present. joe biden has a queue. social media platforms like facebook and twitter of spreading vaccine misinformation. i mean, really, the only pandemic we have is among the killing people. how the officials in the usa of surgeon cases is driven by the highly contagious delta vary, an

haidi: we will have a lot more from that eating, we will be speaking to the executive director for the apecry later on daybreak: asia. meantime, the white house giving inflationary pressures as temporary, and supply chances -- crunches limiting growth. >> at the longer-term inflation expectations, i think the near bump is when you expect given the price pops in recent reports. we have tried to stress how much those increases have been driven by pandemic affected sectors of the .9% increase in the cpi. 7/10 of 1% of that pop would have been .2% when you take out the affected sectors. that does not mean it is not a challenge for people dealing with autos and airfares and restaurants, but those are the kind of supply chain bottlenecks we have been expecting a long time. that's also the view of every forecaster, the fed, the cbo, and the folks here. i think what is critical about the report this morning is longer-term expectations remain solidly anchored below 3%. >> that is true and it has come down, it is below the highs we have seen recently, the long-term expectations. however, there is ner

when it comes to bonds, apec bonds extending gains with the aussie, the 10 year yield pushing below 118eting minutes. not exciting further declines for u.s. yields as we do not see the fed altering its lose policy. let's take a look at oil. do bti and brent are stabilizing after the big drop on monday. even as markets are just debating supply tightness to consider -- to continue -- even as markets are considering supply tightness to continue. we do have financials weighing on the regional indexes. canon shares in tokyo jumping after it boosted its forecast. we do have bhp group under pressure. this is covid remains a challenge for chilly, signaling iron supply could be softer and warning restrictions from china on aussie cold -- coal could remain for a of years. haidi: all right. china will update on its loan prime rates in about an hour. economist are expecting note change. this comes after the pboc cut the rrr. that was a surprise. our next guest thinks that has to do with long-term monetary policy reform. great to have you with us. i want to start this chat to just kind of get a bit

. -- four ap-- for apec. what is the biggest driver? is that the delta variant?re yields are the moment? >> there are a lot of factors impacting gold prices. from our perspective, the real yield. if you look at u.s. real yields at the moment it is still negative and based on research we have done that should drive gold prices higher. [indiscernible] david: robin, the real rate, the biggest driver in your view, is negative now. do you think it remains negative these next couple of months? the last time we were approaching a taper from the fed, that flipped suddenly. and everyone was caught swooning naked. >> i think in the first quarter gold prices were down 10%. one reason was the nominal yield was rising and not much inflation. so the real yields were rising from a negative level close to a positive level. what we have seen in the second quarter is that the nominal yields are declining but at the same time the inflation expectations are rising. so that is what you can look at the real interest rate now it is still close to negative levels we are seeing. obviousl