and the indo-pacific partners in the south china sea, especially with vietnam and asean. i would like to talk about the international law to emphasize. because i would think that is a global issue that encompasses all domains, including 5g, including information-sharing and trade. so regarding the code of conduct, can we make it a global concern and require the code of conduct for passing through the south china sea to be a global agreement? i think the eu position, and this is tremendously important, because the u.s. alone cannot do it. i especially think vietnam is reaching out to the eu in many different ways. and we are asking for eu to support vietnam, especially in issues such as infrastructure to tell vietnam to build that away from the proposal from china. because vietnam is being coerced into taking chinese proposals in many infrastructures, especially at the ports, where it is important to the south china sea. would you think that is something that we can put on the table for both the eu and the u.s.? thank you. >> yeah. i think i addressed some of this. but jus

-americane asean business council and the u.s. chambers of commerce.g a lot of companies that have party invested into malaysia, like honeywell and others. we believe we will have more investments coming from america, knowing full well that they understand our fundamentals and understand we are very serious in rebuilding back our nation and all the opportunities to be had in malaysia. haidi: can you tell us more about what deals may have been what are the negotiations might be underway into this existing relationships? >> we are already in talks with many companies. just now i had a meeting with a large company that is expanding further in malaysia. the investments that have already signed on to our being added up even more than ever before. we are confident that many more will come in. many more have extended their interests. haidi: you have suggested the u.s. and china should focus on striking a trade deal out of a sense of global responsibility. seen as one economy that could benefit from u.s.-china trade tensions. we have seen a recovery on volumes

elections this region that you know so much about you're so interested in well of course you see the asean countries they look carefully how the european union is developing connectivity and to work together and so they don't understand sometimes and they're disappointed that we destroy the european union from itself because their gains by working together are obvious and that is i feel so sorry and i also think when they look for example asean countries to china and the influence in the region it is again that there is no i wouldn't say hostility but still demanding from china please strengthen our rules based order like the conflict real severe conflict in the south china sea where a. conflict could develop then learning could how what is the european position but also referring to the court's decision actually that china should also accept the legal decision not to go for being a dominant topic obviously but just get back to that one point where do you feel you will actions really matter in the region and on what topic. well i think if you see in the building up of. the european electio

and i also think when they look for example asean countries to china and the influence in the regionit is again that there is no i wouldn't say hostility but still demanding from china please strengthen our rules based order like the conflict real severe conflict in the south china sea where. conflict could develop then learning could how what is the european position but also referring to the court's decision actually that china should also accept the legal decision to go for being atomic very important topic obviously but just get back to the one point where do you feel you will actions really matter in the region and on what topic. well i think if you see in the building up of. the european elections all those parties will have a clear racist policy against migrants and foreignness not so much against asians if they would come also against asians this boris them because our in the center of the european union is also that we are kind of value driven that a human being has its dignity and should not be violated for look me in this probably isn't understanding of that in the euro. u

and bayonets on and stamping all the border asean capitalists of course not. revolution simply means. that one class takes over power in society from an under social in some. has not been constructed in sweden although we have had a very strong well first state of course that alone does not make socialism the means of production have always been in private hands in sweden. for defeat. the old could be. put to you could see a way to to be departed to pretend these radical but. it could be the least she told you so bay you open. to do something to disagree you. want to come here are some hard. think it's. the dance happening. live like cameras there will be some like that's not me my my protest is my heart's protest is my dance for thousands against a while. protests against to compel isn't protests against to what's happening in this crowds not. enough. sonis those that i mean and that. one could at the be that are going to have been saying that they will be out when l. and i took a noise but on record time like i was having not. they found their seat seen also

and bayonets on and stamping all the border asean capitalists. of course not revolution simply means. that one class takes over the power in society from under socialism. has not been constructed in sweden although we have had a very strong well first state of course that alone does not make socialism the means of production have always been in private hands in sweden. for the feel. safe way to do b. departed computer these would. be the least she told you still bay you open. to destroy you. think it's. happening. live like cameras. like them. my presence is my heart's protest is my dance. against the wild. protests against you. protests against to it's happening in this. sony's those that i mean and. see ya go on. t.v. that are going to have been said that it will be as well and much of the noise but on the court i'm like oh it's either not s bought up they found that at the scene seen also back under and also imo so they found they didn't the name of kong even more took all the. fish for out of the net. the just do we. make you see. something f

and bayonets on and stamping all the border asean capitalists of course not revolution slint simply means. that one class takes over the power in society from an under socialism. has not been constructed in sweden although we have had a very strong well first state of course that alone does not make socialism the means of production have always been in private hands in sweden. for defeat the if we know to get healed could be healed do do do so baby put it to you. to do be do part of. the. it could be the least she told you so open. to do something to disagree you. want to come here hard for some part of this right. and i think it's. the dance happening. live like cameras there or they seem like that's not me my protest is my cards protest is my dance protests against the wild. protests against two teles and protests against to what's happening in this crowd it's not. so nice those that i mean. one could at the view that going and being said mean that i will be back when l. and i took a noise but on the course i'm like i was having not. spot they found their seat seen also got back on and

and bayonets on and stabbing all the boers or asean capitalists of course not revolution slint simply means. that one class takes over the power. society from and under social in some. has not been constructed in sweden although we have had a very strong well first state of course that alone does not make socialism the means of production have always been in private hands in sweden. for defeat you know to get the old could be. disobeyed put it to you could see a way to do b. departed computer. compute the least she'll probably me to fold you still bay you open. to do something to disagree you. want to come here and start some part of this right. does this think it's. an advance happening. live like cameras there will be some like them not me my my protagonist is my arms my protest is my dance for thousands against a while some protests against two cops teles and protests against two that's happening in this crowd it's not. enough. sony's those that i mean and this. one could be at t.v. that gone and been said the out well and i took a noise spot on record time like i was having not kn

on finance ministers and central bankers have been meeting in thailand and speaking to bloomberg -- asean ministers and central bankers. >> hopefully we will be able to medela soon. if that happens, we could see a picking up of activities. >> with trade tensions, we are seeing a bit of a slowdown. definitelysists, there will be ill effects all around the region. we hope these negotiations come to a quick halt. >> we are all seeing and anticipating the global economy will be weakening. the problem we are going to if each policy maker in those regions has a policy space to respond. >> we are becoming more preemptive, more forward-looking in relaxing hour expectations. joining us now, a hoover institution research fellow. always great to have you with us. we have heard from president trump we could see a very monumental deal. of course, it's not ready yet, but we could see a monumental one. how much does president trump need a win on trade right now? >> i think it is important because the canada mexico deal appears to be stalled in congress. some of that momentum i think he needs to restore

that's down 9% you have asean the severity of those downgrades most people expect economic momentum toprove. importantly for europe, the relative gap between the u.s. and europe is closing. many have been long u.s. and short europe which has been the right call to make if and when we see brexit and we see greater confidence to the region, i think you could see money return and that would support the market. >> if we drill down into the sectors, you have an interesting call on consumer staples you are under weight and reducing your exposure there what's the thesis? >> we've been reducing our budget in the sector the growth in margin dynamics may be changing. consumer staples are having to cater to a new generation of consumers. unlike all generations, are this' not happy with that. we expect greater personalization and a wider range of channels to shop in so unfortunately for the consumers staples company that adds complexity and actually adds costs because they're forced to cater to different needs. many of these consumer staples are slightly stepping away in order to become more agile

a report citing the south korean finance ministers as creditors ofasean airlines -- of asean airlinesct money into the carriers. the airliner's largest shareholder submitted plans. an m&a deal will be signed this year. shery: will also be watching the japan-u.s. summit this week. we are hearing from the economy minister. he will travel to the u.s. this thursday to meet ambassador lighthizer. coming up on "daybreak asia," we have an exclusive with a software ceo to talk about their strategy and outlook. this is bloomberg. ♪ moving is hard. no kidding. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, with two-hour appointment windows, it's all on your schedule. awesome. now all you have to do is move...that thing. [ sigh ] introducing an easier way to move with xfinity. it's just another way we're working to make your life simple, easy, awesome. go to xfinity.com/moving to get started. ♪ good morning. welcome to "daybreak: as

speakingta mingus exclusively to haslinda amin on the sidelines of the asean meeting and thailand.thailand. trading and derivative platform raised $1.1 billion in this ipo, the largest in the u.s. this year after lyft. the offering gives them a total value of $8 billion. retain 75% ofwill its amazon stock after the divorce. control ofe voting the remaining shares. he is set to be -- she is set to become the fourth richest woman after receiving an amazon state. -- stake. so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need, and still save hundreds of dollars. do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $250 back when you buy a new samsung galaxy. click, call, or visit a store today. ed: this is "daybreak asia." l

if we look at our growth numbers is simple.n 2018, it if you look at the asean partners, they remainment has been impacted. uncertainty has increased. and for making long-term investments, they will adopt a wait-and-see approach. this can in turn affect sentiments. it is something we need to watch carefully and hope we have an earlier resolution to the trade dispute, that we can allow investors to plan with greater certainty. haslinda: how closely are you watching the fallout from brexit now a no deal brexit is becoming more real? thegeopolitics across region, we are seeing huge elections like asia. >> brexit is another factor. i have been discussing this with european policy makers. -- quiteessments significantly across economies. but it is negative. negative for the u.k., the u.k. economy, negative for the rest of europe as well. clear area of risk. effect is of course the of different changes happening and getting conflated. for instance there are people in europe who are concerned about , the extental jobs to which automation is going to take away jobs. when you have all the diff

number one, asean is most exposed to domestic consumption as i drive -- as a driver of economic growthg global economic slowdowns, which is not our base case, but if there are questions around this, this is a good hiding place. if we think about the impact of trade tensions there is a short and long-term conversation. a lot of analysis has shown that the supply chain reorganization we are seeing out of china is primarily in the aussie on region. saw that inrly terms of processing imports to china. it is not a reversible phenomenon in our view and the fact that companies have recognized the operational need for diversification, those flows will continue over the course of the next five to 10 years. we do see a very bright future. diversification, is it mostly around china? we have a chart in terms of where it comes to stocks in general, which relatively speaking have actually underperformed. malaysia seems to be a clear exception here on when it comes to performance. is malaysia something you are keeping an eye on? >> it is, and it's an interesting conversation. we are underweight malay

speculation ramps up a month who may become the interested parties for taking over asean airlines.in japan, flipping the board, watching this company after it cut prices on its mobile phone data plan, up 40% in the face of government pressure. toyota is to sell electric a chinesech to startup which will give toyota preferential rights under china's new quota system. we are watching sony after the stock was upgraded from buy to hold at jefferies. the company reported softer third quarter results on weaker sales to chinese consumers. it does seem modest growth ahead. the stock has been under pressure. down nearly 30%, so again, these coming under pressure. that may not bode well for the company. rio tinto has slashed its as first quarter clarida's plunged after its operations in australia were hit by fires as well as a cyclone. trackinginger has been this story. what is the outlook for the rest of the year when it comes to iron ore given there were those various natural disasters, fires, and the like? david: good morning. as you said, rio this morning said the shipment in the first q

i am happy to walk through them whether it is to build back the dsc, our diplomatic efforts with asean. there is the u.s. effort to make sure that companies and non-us companies, non-chinese companies have an opportunity to continue to compete on a transparent basis where we can ensure that we do not have chinese values, chinese systems controlling our information space 10 or 20 years from now. >> a lot of members of the committee have a lot of concerns that china has a conference who strategy is in fomenting is connected to international affairs because the proceeds come from their trade relations with the u.s. let's turn to north korea. i think of the challenge with their nuclear program is like a baseball game. first base is a freeze on their missile tests and their warhead explosions which is where we are right now. second basis of full inventory of nuclear assets. third is an agreement on how to wipe those out or eliminate them verified. we are stuck on first base. how are we going to get off first base? coalition the largest in the -- and the strongest sanctions enforcement in hi

listen to the full meaning and you create the bad you flee this time ain't she cheetah nice sure if aseaner gets them into to make. it. next to me that they expanded into a project called. going green you know all this john involves local people in sustainability projects and can things they use theater video and art for. both to people willing to listen to the a they've been seen. on put a limit to get the. dancing or movies each you know the serial to tell the truth they should notice something good view was that they were there i mean that you can't do math because of the show this whole. quarries next to the favelas used to spew dust into the atmosphere and the spike many protests one is still active. in supermax prison the buck passing thing is that we're going to have that. for a walk around a complex of favelas that's even bigger than the alamo this is just one deadly neglected park for over half a million residents. don't like you. because you know showing your mob the. mall when you've got a vision. you wish them. the sensex here. that has. been employed by the have been sealed o

asean, of course, unwilling to interfere but also themselves seeing rising homophobia and laws like thisere's one researcher. we are hearing lgbt people in brunei are understandably terrified. this isa are understandably terrified. this is a very stressful time for them. the person i was communicating with this morning that he is feeling extremely tense and anxious. no one knows whether these laws are going to be implemented or not, but there is the tremendous fear because their government has essentially said that their lives are worth nothing. whether or not the penalties are implement it or not tenant lgbt people in brunei have been made second—class citizens and they could face death. understandingly a very freighting position. we have heard people have left the country in the last year or so because they have known that these laws would be fully implement it and they wanted to get out before they faced any risk under these laws. we can hear from we can hearfrom one of we can hear from one of those people forced to leave over his country's treatment of homosexuals. now safely in cana