we're working with our partners in asean and the pacific islands to support a vision for a critical indo-pacific region that is free and open, connected and prosperous, secure and resilient. together with partners around the world, we're working to ser- -- to secure resilient supply chains that protect everyone from coercion or domination and ensure that no country can use energy as a weapon. and as russia's war riles the global economy, we're also calling on major global creditors, including the non-paris club countries, to transparently negotiate debt forgiveness for lower-income countries, to forestall broader economic and political crises around the world. instead of infrastructure projects that generate huge and large debt without delivering on the promised advantages, let's meet the enormous infrastructure needs around the world with transparent investments , high standard projects that protect the rights of workers and the environment, keyed to the needs of the communities they serve, not to the contributor. that's why the united states, together with fellow g7 partners, launched a partne

still ahead, why asean has headwinds still persisting. there is more on that pst. girl. can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. bonnie: this is "daybreak: asia." ukraine is seeking more weapons along with continued u.s. support. a senior ukrainian official tells bloomberg they also need armored vehicles and tanks to secure victory over russia. >> we need ammunition. we need more tanks. definitely we need more and more weapons from our western allies as soon as possible. >> king charles the third has vowed to uphold britain's democracy, bowing to status politics during his reign. he held the institution as a living and reading entity for democracy. >>

foreign trip to both countries, demonstrating the importance of the philippine relations to fellow aseanndonesia and singapore is considered a strategic move that takes pressure off him and the speculations on which country bongbong marcos would first visit as the new philippine president, which many people are guessing is either china or the us. but this gives him the opportunity to draw advice from seasoned regional leaders like the indonesian president joko widodo and prime minister of singapore lee hsien loong, on how to navigate a foreign policy in the midst of us china rivalry in the region. i am glad you brought up the us and china because any discussion about geopolitics in asia includes them, even when they are not at the table. the philippines has always walked a delicate balance between the two. is this likely to come up in discussions when he visits singapore and indonesia? i think this is a very important discussion that always looms in the background of state leadership and discussion, especially for the philippines. this is very important. because marcos has to promote the

foreign trip - to both countries, demonstrating the importance of the philippine nation to fellow asean opportunity to meet regional leaders like the indonesian president and the prime minister of singapore and speak about how they will navigate a foreign policy in the middle of us china rivalry in the region. i am lad ou china rivalry in the region. i am glad you brought _ china rivalry in the region. i am glad you brought up _ china rivalry in the region. i am glad you brought up the - china rivalry in the region. i am glad you brought up the us and china because any discussion about geopolitics in asia includes them, even when they are not at the table. the philippines has always walked a delicate balance between the two. is this likely to come up in discussions when he visits singapore and indonesia? i discussions when he visits singapore and indonesia?— and indonesia? i think this is a very important _ and indonesia? i think this is a very important question - and indonesia? i think this is a very important question that i and indonesia? i think this is a - very important question

we also work closely with the private sector within the framework of the rush asean business union. first of all, i want to say that russia is a very important partner of indonesia, and our trade is growing year by year and really very positive results that benefit both countries. now, orland gas, russian, traditional expert materials still very important and they're still a major source of russian revenue. and as you know, this forum takes place at a time when a russian supplies energy supplies to europe have been interrupted, wasn't, it wasn't the russian president was asked about dad just the day before. and here's what he had to say when you got that extra on the julia grown, i should book some countries made huge mistakes, looking ahead and making decisions guided by noble goals, which then became impossible to implement and lead to adverse consequences. if you firstly receive cheap russian guess, and then you could off supplies and immediately turn on everything. then this creates enormous problems, including with cold generation. this is of course, not the best option for sol

on the positive side we have seen some upgrades in asean. we are at zero for this year for china. consensus recently was at seven or 8%. that has come down to five or 6%. we still think it is to the downside. you have the drag from covid. you have less forceful contribution from trade. you have got zero covid lockdowns. and the property market haven't come under pressure. you have near-term issues which you don't think is fully reflected in the numbers. david: baby to clarify, that is a -- maybe to clarify, that is a top down number. we can bump our heads on the data at some point. last question for you. indonesia outperform this year. does that continue or do you start trading the outperformance? what are your expectations? >> we have been asking that ourselves. we went all the way to indonesia last year when we upgraded asean for the first time in a decade. a top-performing market this year. you always wonder at what point edge of the sidelines and book your games. rethink the investment case for indonesia is pretty good -- we still think the investment case for indonesia is pre

asean is going to have a very large part to play in this.ve that asean should be the main actor when it comes to the defense and security around the region. there are multilateral -- that is one of the best examples of a multilateral arrangement. bilateral arrangements with other countries also are available and that certainly applies to the united states where we have strong bilateral relations which we can use as a basis moving forward. you cannot look at the security situation and isolate it to defense and security. the economies around the west philippines and the asia-pacific region, they play to the strength of the economy in large part. i used the term economic security as a basis also for the security of our member nations and different allies. i always say that the main pillar of our foreign policies -- we talked about the economy and we all know that that is top of mind and that is critical right now. we have many plans and ideas we are starting to put into place. without peace, they will not come to fruition. >> ferdinand marcos,

. >> so the countries that are benefiting from what's going on in china are the asean countries. in fact a lot of companies are moving to vietnam and building new plants in vietnam. you also have around vietnam, countries like malaysia, indonesia, which are very resource rich, with a sophisticated labor force. of course, we should talk about india. india is one kin where you're having the exact opposite of what's happening in china. what you're having is modi, their leader and business community are very aligned in going big on the green economy, and really investing a lot on both sides in the renewable area why does that matter a lot of thing that may not come from the u.s., china let's say, might start coming in from india in a few years last but not least, i would venture to say just like the big outsourcing that we saw with 1/2 and others into the rest of the world, you might see that with the green economy. >> so you're there at delivering alpha to speak on a panel that's called the next big thing. i have a feeling for you that might be in climate tech or climate investing.

they are all part of the council that asean alleging the transition of leadership.ry, historically, if we are in a pre-television age, it was to bring out the people into the streets to be a part of that transition. they want to acknowledge transition. >> i was fortunate to receive this honor from the queen. i was one of 150 people to receive the honor at buckingham palace in 2011. even that ceremony, as small as it was compared to this, it was perfectly choreographed with the queen being well briefed on who i was. she asked a couple of stupid questions. she listed attentively to my answers. there was a gentleman behind her, he took down a couple of notes about the comments that every person received an honor that day. the meticulous-ness with the royal family and they royal household, it is well-established. it is unlike any family business. there is tremendous development and nursing of success. that is why i am so confident that king charles will be a terrific king. at the same time that it has been -- the duchess of cambridge is alongside him. that will be extre

we're working with our partner in asean, in the pacific island, to support a vision for a critical ic critical indo-pacific region. attorney general with partners, we're working to secure resilient supply chains and protect everyone from coercion or domination, and ensure that no country can use energy as a weapon. and as russia's war riles the global economy, we're calling on major creditors, you to transparently negotiate debt forgiveness for lower-income countries, to forestall broader economic and political crisis around the world. instead of infrastructure projects generating huge and ladies and gentlemen debt without delivers on the promised advantages, let's meet the needs around the world with transparent investments, high standard projects that protect the rites of workers and the environment, key to the needs of the communities they serve, not to the contributor. that's why the united states, together with fellow g-7 partners, launched a partnership for global infrastructure investment. we intend to collectively mobilize $600 billion in investment through this partnership by

it declares that anyone who was not free that asean slave would count as three fifths of a person forepresentation. most of us have learned that slavery was abolished in 1865 with the eradication of the 13th amendment. that amendment did not fully abolish slavery. slavery is still very much legal in america today. this is how the 13th amendment actually reads. neither slavery nor involuntary servitude, except as a punishment for crime wear of the party shall have been duly convicted, shall exist within the united states, except as a punishment for crime. that phrase creates real consequences for american prisoners forced to work in inhumane conditions for almost no money. here is what one former prisoner told the abolitionist group. >> one of the jobs that i had well incarcerated it was as a seamstress. i sowed underwear, sheets, pillow cases. i started off making 17 sets an hour. if you reach the quota, and i was 30,000 sheets a day, you have the opportunity to have that amount doubled. i didn't know at the time, each dozen was being sold for about $30 on the outside market. it made

i think asean, my backyard, as well as north asia, is less vulnerable simply because strong reserve positionstronger fiscal debt, is certainly not that dynamic. at the same time that does not mean we live in a cocoon and can be completely devoid of those risks. the risk comes from currency, in my view, more so than interest rate, because no one can match the fed in terms of hiking rates, and therefore the currency pressure seems to be a given going forward. no matter how well insulated you are with your debt. because at the end of the day, we're all exporters in asia, and export competitiveness through the currency channel matters a lot. this could very well be a reprise of 1997/1998, without the massive collateral damage because corp. sector -- corporate sector is more resilient in asia. local currency mismatch is not as acute in 1997. but some sort of a letter -- lighter version of that is a risk with much -- we must consider. yvonne: taimur baig there. take a look at these reopening stocks in hong kong. there has been some good news, some bright spots, not just chengdu lifting a lockdown

that would include areas in parts of asean. we still like indonesia, singapore.he markets that are much more defensive. heading into the party congress, you can also see some support. china, parts of ossian is something we like. on the other front in terms of things that are much more globally sensitive, north asia, even hong kong is something we are more cautious about. shery: interesting you mentioned the party congress. are you expecting conditions to get better or worse? sunil: we are not expecting any major changes in terms of the zero covid policy. i would say on the margin, they should be a better implementation once the issues are being sorted out. from that standpoint, that could be a signal for the markets. haidi: when you take a look at valuation risks, where are you seeing vulnerabilities when it comes to asia as we see outflows from em etf's at the moment? sunil: that was happening in the market, we are seeing an unwind of the summer rally which in our mind was basically a bear market rally. slowing growth, higher rates, the stronger dollar will cont

asean is going to have a very large part to play with this.d be the main actor when it comes to the defense and security around the region. of course, there are multilateral -- that is one of the best examples of a multilateral arrangement. but there are bilateral arrangements with other countries also available and that certainly applies to the united states, where we have very strong bilateral relations. you could use that as a basis for moving forward. you cannot look at the security situation and isolate it to defense and security. the economies around the west philippine sea and the asia-pacific region, they play -- the strength of the economies play a large part. i use the term "economic security" as a basis also for the security of our different member nations, or different allies. i always say that the main pillar of our foreign policy is peace. we talked about the economy. we all know that is top of mind and that is critical right now. we have our many plans and many ideas that we have started to put into place. but peace, -- without

we're seeing is a lot of companies are moving out of china into neighboring countries like vietnam so aseans well as it used to. >> world order is changing as we know it. afsaneh beschloss, thank you for breaking it all down for us. we appreciate it. >> thank you, leslie. >>> meantime, semi stocks facing supply chain slowdowns, demand pullbacks and now even more persistent inflation than expected what comes next for ll 1 ts ekafrs as names like amd fa0%hiwe, ter the break. y keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business.

than 60 countries are expected in the business diology program with india, mongolia, vietnam. by the aseanorm in his speech, the president will talk about world processes and development of the far east, the main program is tomorrow. well, today is the starting day at the eastern economic forum. another tiger forum will open, we see how they are gathering at this moment. people form will start literally any minute at this site. they will raise questions about the conservation of the population of this animal in the near future. we are waiting for a live broadcast from vladivostok now. in real time, literally in the next few minutes, a forum will begin rescue operation according to the latest data of excellence. eight people died there. four survivors are waiting for help from a helicopter on the fourth attempt, finally, they managed to land on the slope, the rescuers landed at an altitude of 1663 m. the strong wind did not allow the team to go higher. climbing at midnight is planning to get to the volcanologist's house, where two tourists are located, two more got stuck at almost 1.000 m.

we're working with our partners and asean. and the pacific islands to support a vision.ritical endo pacific region. that is free and open, connected and prosperous, secure and resilient. together with partners around the world were working to secure, secure, resilient supply chains that protect everyone. from coercion or domination. and i'm sure that no country can use energy as a weapon. russia's war rolls riles the global economy. we're also calling on major global creditors, including the non paris club countries. to transparently negotiate debt forgiveness. for lower income countries. the first stall. broader economic and political crisis around the world. instead of infrastructure project that generated huge and large debt without delivering on the promised advantages. let's meet the enormous infrastructure needs around the world. with transparent investments. high standard projects that protect the rights of workers and the environment. key to the needs of the communities they serve, not to the contributor. that's why the united states, together with fellow g seven

came from more than 60 countries in the business-diology program with india, mongolia, vietnam, and aseanntries. vladimir putin is expected to take part in the forum. in his speech, the president will talk about world processes and the development of the far east, the main program tomorrow, but today, on the kick-off day, another forum, the tiger one, is being discussed at its site. how to save the population of this animal, we read more about leyla alnazarova will tell about what is happening now on the sidelines of the forum. she is in direct contact with the studio from vladivostok leila. what events are taking place on the russian island and what other events are planned? yes roman greetings well let me start by saying that the main theme of the eastern economic forum in vladivostok this year, more than 90 business events are planned on the way to a multipolar world, where they will talk about the most pressing topics of the global and regional agenda. and these events can conditionally be divided on a few tracks first. this is not for russia's role in the global agenda, as well as th