when they started contesting islands in the south china sea, asean tried to get a code of conduct andtries affected downstream have found they have little red dress and when the philippines won an international arbitration case against chinese claims in the south china sea, china simply ignored it. instead, china has had the famed consent this and unity of asean, picking off the smaller states like laos and cambodia with generous aid and development turning them into virtual client states. the other south—east asian countries are now dealing with china very much on their own interests. indonesia runs a china sceptic foreign policy but welcomes chinese and best with open arms. thailand, though, is more hesitant about such investment but willing to be much more accommodating of china's foreign policy concerns. vietnam has perhaps the most china phobic population and historic grievances against its giant neighbour but vietnam's world beating export industries depend on supply chains from china so the communist leadership there manages its relations with china extremely carefully. all the

when china began occupying disputed islands in the south china sea, asean tried to get an agreement withly stalled. when multiple chinese dams have messed up the water flow in the mekong river, countries affected downstream have found they have little redress. and when the philippines won an international arbitration case against chinese claims in the south china sea, china simply ignored it. instead, china has fractured the famed consensus and unity of asean, picking off the smaller states like laos and cambodia with generous aid and development, turning them into virtual client states. the other south—east asian countries are now dealing with china very much according to their own interests. indonesia runs a china sceptic foreign policy but welcomes chinese investment with open arms. thailand, though, is more hesitant about such investment but willing to be much more accommodating of china's foreign policy concerns. vietnam has perhaps the most china—phobic population and historic grievances against its giant neighbour but vietnam's world beating export industries depend on supply chai

hour, that mean $1750.00 euro's oil as the let so monetarily were much more independent when a tag, asean, and fia, the woodfield talk it down, laga the manufacturer says the keeper and complaints from power companies that their profits keep falling and that they're warning their customers from installing the units that's with there are also some bureaucratic hurdles in germany. the german government says it wants to cut some of the red tape, but not all. and the flood of orders is hard to navigate, says guy toya from pre what you had them isn't what i believe the global chip shortage was a challenge. i followed by the corona virus locked downs in china and the supply chain difficulties if a bigger and now we're running out of raw material because of the high demand yagami fulfill bella. the cost for the many power plants may be on the rise. but you're going to lose his eager to see if they're still worth the investment. was seem like a joke. and amazon pitched the idea several years ago. but companies are getting serious about drone delivery. and the competition is heating up. also, it's

that means 1750 euro's oil war or the let so monetarily were much more independent when he tag asean, than we are the woodfield talk, the down largo the manufacturer, says the keeper and complaints from power companies that are profits keep falling and that they're warning their customers from installing the units with it are also some bureaucratic hurdles in germany. the german government says it wants to cut some of the red tape, but not all. and the flood of orders is hard to navigate, says k toya from pre what you had them isn't what i believe the global chip shortage was a challenge. i followed by the corona virus locked downs in china and the supply chain difficulties even bigger. and now we're running out of raw material because of the high demand. yeah. guns for food power. the cost for the many power plants may be on the rise. but you're going losses eager to see if they're still worth the investment. now drone delivery has been a long time coming at 1st. it was the big new idea pushed by the likes of amazon. then the reality of the complexity hit and the idea seemed to fade.

it sounds like several members of asean, have to toughen up along with the group itself. how much of a credibility crisis could all of his cause for hours in i would say it's already been in humiliating experience for us. yeah. they've, they've tried a lot. are they agreed on this 5 point plan that we've heard about only the humanitarian part of that has been partially fulfilled? and so some great critics have already said that this boiler as the on down to her toothless talking shop. now we really have to take a look at, in 2 weeks time at the summit, the rotating presidency of ours. yeah. and we'll move on to indonesia. and as i've just explained indonesia, malaysia being the most active members of the ones that put most pressure on me on mar. and so we'll have to see. 1 to what extent the course of action a will change once indonesia takes over the chairmanship guild matters. stay in jakarta, following those talks between the foreign ministers of our the and thank you very much. thank you for joining us. i'm ben fizzling scene exxon. ah sh. her understand that if i loo

there's been a big push by japan to increase its foreign aid into the asean countries and investment,cularly with countries like indonesia but also increasing security cooperation with the philippines, with vietnam, the coast guard, the japanese coast guard in particular, there's lots of training and they've supplied vessels and shipping to vietnam and the philippines. but also with other countries in the region. that has been a big focus on japan to try and balance against what is seen as the rising competition of china. but of course china is the largest trading partner still of japan and japan has been concerned about the ongoing lockdowns and the slowing of the chinese economy and so in his speech today, he did ceja pan does want to maintain stable relations with china, it's the 50th anniversary of the restoration of diplomatic relations between japan and people's republic of china. and one hope that japan has is that chinese tourists will return. that was a big focus of prime minister kishida's speech today. this month, the covid restrictions put in place will be abolished and th

at least 50 people were killed. asean is under pressure to take a strongest dance against me on most military leaders. if i were to be in the position of a foreign ministers, i would burst on me. it would, it, wouldn't that within 3 months or before the end of this year, if i were to be an o, possibly reaction and you make this, you know, the part with a bundle. then the 1st thing would be, the suspension of the organisation has also been urged to engage with me on my so called shadow government opposed to the coup for those inside me, i know it's hard to remain optimistic. we've been moving to as malicious and internally domestically the oceans for a political solution. they never existed hill, the june, her plans to hold an election next year. but it's being criticized by many as a way to grant legitimacy to military room. florence louis al jazeera, a violence is broken out in bolivia, capital, and in the country's economic hobble. santa cruz, at least one person has died during protest against the government decision to postpone a census. critic say, it's an attempt to limit their

what did it say phones that's why this was a statement issued by the asean chair this year, which is held by cambodia. the upshot of it is this. we do not know if ours in has a concrete plan to push forward the peace process in myanmar. the statement did not review much to were left to look at the language. the choice of words use, which was generally overwrought, very soft, and the overall tone taken as a whole. the statement was very much in line with allianz long held policy of non interference in a member states domestic affairs of consensus style decision making to take the statement as, as, as an example. now describe the situation in myanmar as critical and fragile. and it went on to say that this was not because of a lack of commitment or effort on audience part, but was because of the complexity of me on mars, protracted conflicts that's now been accessible by the current political crisis. so just as an example, the choice of adjective, the choice of words use and the decision to describe the military grew as a political crisis. this is very much audience, not wanting to cal

other parts of asean have enjoyed low inflation volatility. and constructive on se on versus north east asia -- constructive on asean versus north east asia. >> the korean stock market right now of course under a little bit of pressure at the moment. we are seeing the korean won weakening to the lowest level since 2009 past that 1444 level already. we had seen a big boost to when it comes to korean assets in the previous session. support from the credit markets coming from the government. one of those authorities across asia that have tried to support the markets given the volatility, can we expect more measures coming up only from south korea, perhaps taiwan, other economies when it comes to shortselling bonds and other measures? >> there is only one tool policymakers have in their toolkit. the problem with korea specifically is that the fundamentals suggest the market pressure is going the opposite direction and that is any kind of intervention, whether it is in fx, broader asset markets, can only really help insofar as slowing the momentum

david: part of that is the part of asean that has outperformed. indonesia is a big part of that.o you still think that group can outperform, or is it starting to look like it will not? >> i think that group will probably still be ok into the first half of next year. as you discussed earlier in the program, we are probably going to see another two to three more rate hikes on the horizon from the federal reserve. in that scenario, it is hard to see that rates will not further rise in this part of the world to follow the fed, so our exposure in financials gives us the exposure to the higher rate scenario. probably not until maybe the first quarter of next year where we think about if that exposure still makes sense for us. rishaad: looking at china, we have the party conference coming up. give us a sense of how you are seeing markets after that. do you see a material difference as a result of perhaps more softening of what they are doing in terms of lockdowns and the like? and of course, the markets there, what are they pricing in? >> i think at this point in time, we are capturing

the united states in imposing similar restrictions, and we appeal to china india and burmes fellow asean members to use their influence to encourage a democratic transition. burma's ruling generals have had their chance to implement the good government. they promised to their people if it proceeds under current conditions the constitutional referendum, they have planned should not be seen as a step toward freedom, but rather as a confirmation of the unacceptable status quo. thank you all very much for giving me a chance to speak. i'm going to leave tomorrow for crawford for jenna's wedding, and i wanted to be able to make a statement about burma before i left. so i'm happy to take questions. especially could you offer us any specifics yet about the scope of the us disaster relief package right now though the earliest part of the relief is some money that the embassy already has that's already there that we can distribute to other ngos the world food program other groups that are on the ground. if they will let our dart team in. then we'll be able to assess what else we can do and and we

then you have asean. so i think we need to shore up all the defenses there.rotections, legislation, like chips. have a tighter-knit group of people like t tpp that countries could produce the chips for us. we need to think very comprehensively, and so far i don't see it. stuart: okay. bill mcgurn, thanks very much. i know we'll see you again soon. >> thanks, stuart. stuart: i go you got it. mike murphy, he just hanged around -- hangs around for the entire hour. can't get this guy out of the studio. >> i have nowhere to go. stuart: you don't touch china stocks do you? >> not these days and probably not in future days. as an investor whether it's in the private markets or in the public markets, you want to have an edge. you want to understand as much data as you can and try to have an edge. and when you start talking about china and the chinese government and the laws that they enforce over there, i don't have an edge. i don't know that anyone does have an edge. i think that, for sure, we need to, you know, if biden were to meet with xi, i'd be rooting for him.

footage that have been showing as i came to you in the first 15 minutes or so the show has been that, aseant unseen footage that was shown during the last hearing of nancy pelosi, and other lawmakers. the behind the scene moments throughout the day. we know the narrative if the former president has put out their blaming that see pelosi for january six. this video completely, if you didn't believe that was a lie already, this completely undermines that narrative. totally and absolutely. what was your take away from some of the footage that we saw, and what are you hearing specifically from some of the footage that we saw. specifically of pollution other lawmakers? >> this footage truly added a lot of color and texture to a narrative that we knew something about already. we knew congressional leaders have been evacuated to this location. we knew that they are working the phones tiny reach the national guard and governors and that pelosi was on the phone with the vice president. however, to actually see that video of that is a very powerful reminder of everything going on that tanned teacher,

and then you have the first black officer to graduate from west point, henry asean flipper. he becomes a second attendance in the tenth cavalry. but one of the things that it is important to really grasp when we think about african americans serving the military was that, prior to the army reorganization activating 66, they had fought in the revolutionary war. they had fought in the war of 1812, they had served in the mexican american war. but they did so not a citizens. so at the end of the civil war, after serving in fighting in the civil war. there is a decision that says that they are allowed to serve and fight. because they were worthy of birthright citizenship. pressing on. looking at in 1844, the introduction of henry vincent plummer as the first black chaplain into the regular army, this is very important because it is black chaplains who are going to be responsible for the education and teaching these black soldiers how to be citizens. and what that citizenship means. and having someone who, like henry vincent plumber who was a -- first official black traveling to s

. >> so asean is continuing to move north, everybody, it is leaving behind this unimaginable amount of in florida, south carolina as well. you have federal and local emergency response is happening now. president biden granting immediate federal funding to both of the states. urging people there to listen to local officials and to follow the instructions they are being given. want to bring you back nbc's josh lederman, standing by for us at the white house. so the president, we know, josh, mediately approved federal funding to florida, south carolina as well. how are the president and these governors there, how are they working together? >> a lot has been made, yasmin, of the fact that these states that are most affected by the hurricane tend to be republican states, republican led states. you know, most notably florida. of course, where governor ron desantis is perceived to be a potential opponent for the president if he runs for reelection. and former president donald trump does not seek another term. now, we know that the president has had a chance to speak with desantis twice since

at least 50 people were killed. asean is under pressure to take a strongest dance against me on most military leaders. if i were to be in the position of a foreign ministers, i would burst on me, it wouldn't. but within 3 months or before the end of this year, if i were to be a little possibly reaction and you make this another part of a bundle. when the 1st thing would be the suspension of the and my the organization has also been urged to engage with me on my so called shadow government. opposed to the curb for those inside me. and now it's hard to remain optimistic. we've been moving to was ah, electric in the ocean. ah, internally domestically? ah, the options for a political solution are going out, are they never existed at all? the gent, her plans to hold an election next year, but it's being criticized by many as a way to grant to legitimacy to military rule florence, lily al jazeera ah katara security forces have been stress testing their preparations for the world cup. they took part in an exercise including rowdy fans, protestors suspect packages, and even the hijacked vehi

moving on to asean, it has been unloved for many years and benefiting from a tailwind.environment, we have to look higher in be discerning with the quality of companies. shery: what are you expecting for earnings season in the u.s.? what will it look like in asia and what are you focusing on? >> we are not expecting any negative surprises. it's too early we will see positive surprises given the backdrop we are in. teri to say earnings have gone through negative earnings given there were high expectations early on the year. interesting observation that because pressure has come down and this is because they have repriced raw material pressures coming down. that should help. haidi: great to have you with us. we are hearing from the reserve bank of australia, the deputy governor speaking in sydney. talking about the rba expecting to lift rates and will do what is necessary to return cpi to target. the rate trajectory has been steeper and more frequent board members are something of an advantage, interesting talking about how the policy rate trajectory has been steeper desp

we already have the cptpp, we are at the table with asean countries and indonesia, which is where i amding to later this afternoon. so, making sure that we diversify and grow into this market and into this region is extremely important. candidate is a trading country. two thirds of our economy is dependent on trade. one out of six jobs is related to trade. as a trading country, creating opportunities into this region is important. i announced a canadian trade gateway anchored in singapore. and the way that will work as i want people to see this as canada's front door to the region. but the door swings both ways so i want to see the region having a place to learn more about canada, where to invest in canada, how we can collaborate together, so the trade really is both ways, benefiting the region but also canada. >> i am wondering about progress made with the u.s. to bring it into the minimum corporate tax, in line with the oec agreement of 15%. i know that is important to candidate as well. how is that -- to canada as well. how is that going? >> we are working very hard and very focused