rishaad: you mentioned, if we look at asia, what do you expect for el niÑo in asia in particular? think the most obvious impact will be on palm oil production. those impacts can extend not only to the industry itself, but also to food prices more generally. india is one of the largest importers of palm oil, for example. if we were to see a constraint on palm oil, even if it is only in 12 months time, it is a risk we can start to put on the table, that we could start to see an impact on food prices in india heading towards the end of this year if the event becomes quite severe. we also see potential for a fall in production of indian-produced vegetable oils. so the prices of vegetable oils could pick up significantly. but we need to wait and see what the overall impact is as we go into the third quarter. i think it is a little bit early to be trading this scenario now. but certainly india has struggled with food prices in the past. if we were to have an el niÑo, it could have an impact in the future. rishaad: great talking to you. next, wide verizon-aol deal is coming in for mocker

the world as it is if asia is not a serene or peaceful place. the first reality is that north vietnam has attacked the independent nation of south vietnam. its object is total conquest. of course some of the people of south vietnam are participating in attack on their own government, but trained men and supplies, orders and arms, flow in a constant stream from north to south. this support is the heartbeat of the war. and it is a war of unparalleled brutality. simple farmers are the targets of assassination and kidnapping. women and children are strangled in the night because their men are loyal to their government. and helpless villages are ravaged by sneak attacks. large-scale raids are conducted on towns and terror strikes in the heart of cities. the confused nature of this conflict cannot mask the fact that it is the new face of an old enemy. over this war and all asia is another reality. the deepening shadow of communist china. the rulers in hanoi are urged on by peaking. this is a regime which has destroyed freedom in tibet, which has attac

bring money into asia to build infrastructure. and through building infrastructure and policy changes and things that the banks would support it also meant growing economies and people moving out of poverty. the asian infrastructure investment bank is a little bit different if you are to believe what we know milkily so far which is less about poverty reduction but specifically focused on trying ofill huge infrastructure began that exists in asia between what the region needs and what money there is available for them. >> in fact there is a shortage an infrastructure funding gap because the needs of the world or even asia are not able to be met 50 current structures that are out there. >> the current gap the asian development bank we just think ever asia, alone, they're estimating $800 billion a year in infrastructure financing needed every year looking out ten years but i also look at it a little bit differently. there is a huge gap in the terms of the money available and the needs. but for me the solution isn't one more bank, the

google has opened its first campus in asia.ften the collaboration between fledgling companies. google has similar sites in london and tel aviv. those of the corporate headlines for this hour. angie: chinese president jinping has wrapped up his three-day swing russia, bringing home with him clarity on a gas deal signed with russia. stephen engle is joining us with more on this. how did this trip cement putin's ?elationship with the east stephen: absolutely. that is the relationship. gave theet -- putin understatement of the year, saying "the energy sphere is key to our relations." they need the legitimacy, if you will, with ties to russia and financing from china. and the state-run oil giant in china extending their partnership for five years. they agreed on daily delivery volumes, gas quality, and the pipeline entry point from china into siberia. they planned to raise the target of $30 billion higher from the pipeline. no later than 2020, they will have 38 billion cubic meters a year. interesting though, no crude oil deal was a

we're in asia's first ever consumer electronic show all this in "asia edge." >> asia stocks pretty much on the green today. we sthaw lying by shanghai up about 2% right now. and about .7%. we got that coming out of china last week. so it is fueling speculation the government going to snep to do some escalated measures to stimulate the economy. last week 8% growth in the shanghai composite. those gains up to 10%. let's do a little bit of a microscope here. we saw in the u.s. on friday there they're ending things in the red despite that we saw those record highs on thursday. the shanghai composite year to date surging. and we have see the any kay 22 as well. it has been seven straight days of gains. year to day about 17%. 20,407. that's the 15-year high. back to you guys. rishaad: surging exports to the u.s., a trade deficit and the news providing some evidence that the economy is continuing to recover after last year's recession. willie, on the economy is there any real grounds for optimism? >> well, yes. happy birthday buda from japan. this is some of the best news we've had in a few mo

we're in asia's first ever consumer electronic show, all this in "asia edge." >> asia stocks pretty muchby shanghai up about 2% right now. and about .7%. we got that coming out

all of that in more, on asia edge. >> i have been following this across asia today. japan, 1.3% in the morning session. 250 points rallied. if you look at volumes, we are 70% higher. in australia, we are one third of 1%. interesting note from goldman sachs saying oil prices have been on the up for week -- goldman says this presents investors a window. the bank thinks commodity prices will fall. fundamentals will become cyclical, nothing has changed and supply is still on the way up. let's have a quick look at -- largely unchanged. we are up, though. it is still relatively good as we had into the afternoon. >> disappointing trade numbers in the slump in property all forced policymakers to step in for a third time. pboc says there are plenty of tools available if more action is needed. let's bring in christine. christine, this wasn't a surprise. reporter: it was pretty much in line with what analysts were expecting. this is an likely to be the last rate cut we see this year. we have to look at chinese monetary policy as the whole package. bank reserve ratios -- and the

now to southeast asia.east asia, we saw around 700,000 -- sorry, 700 million euros, a 7% increase. increase inmainly indonesia, in the automotive of thailand and vietnam. southeast asia continues to be one of the fastest growing regions for bosch. angie: not only because it's role in the global supply chain, but interesting that you are tapping into a growing demographic of middle-class, improving infrastructure and the like. which on the list of growth drivers the ucs the model for you? -- drivers do you see as the model for you? martin: i don't think it is the model. it is more about the opportunities that exist in these markets. we are seeing an increased pace of organization in southeast asia. i think the figure that the population will increase to 700 million by 2025 and over 52% of these will be living in urban areas. this offers for bosch a great potential to captivate those markets and ensure our presence in those markets. bosch is already in seven of the different capitals of indonesia. we will exp

tell us about the impact sepp blatter has had on football in asia. >> yes, good evening from sydney. certainly not just in asia but in africa as well, it's his real power base, it's been for quite a long time. fifa has really survived in many ways by giving these development grants that they hand out to individual associations regardless of your size. the smaller and poorer football association he throughout africa and asia up to a half a million a year, and they dole out their projects which go to building clubhouses to training pitches and stadiums as well. a lot of people find from those grants that they're targeted to specific nations. not every nation is in receipt of this money at times such as this. >> so how do people view then some of the scandals or allegations which have rocked fifa? has it eroded the credibility of fifa or sepp blatter? >> i think absolutely it has. i mean the last two or three days have been unprecedented really in the scale of scandal. and to compound matters from an asian perspective, there is a level of you could say treachery, prince ali is a man i'v

guest: asia, asia-pacific. haslinda: specifically china?st: china, indonesia, smaller countries as well. i think the whole of the asia-pacific has a lot of opportunities, as the economies are growing and more and more people are flying. right now asia-pacific represents one third of the world traffic. to represent much more and that they are going to -- they are going to represent much more than that. why there is a lot of interest in the asia-pacific region. we believe there are markets that are much more suitable for smaller aircraft that can be much more efficient to fly around. haslinda: what potential do you see in markets like india and indonesia, where more and more people have more money? there are moving away from taking the train and they are now flying. what kind of growth potential do you see? guest: these are the reasons we are looking at them to give an example. a letter able in these countries -- a lot of people in these countries, a lot of violence. there is a need for aircraft. india, they have a very poor infrastructure. a

it is growing dramatically in asia.ustomer says to them, please move your manufacturing to china, because then i won't have to pay a 35% tariff. ceo says to me, i don't want to do that. i'm not interested. i like manufacturing here in the united states and i employ several hundred people. i need these trade agreements so i'm on a level playing field with my chinese competitor. that is why this is important. i can give you hundreds of examples. i talked to over 1000 ceos in the united states about trade agreements. all of them want to see them either because they want more access to 96% of customers outside of the u.s., the fast-growing market in asia. they want access. i'm not just talking about the fortune 50. small and medium-sized businesses. they're the ones who will benefit. they need to depend upon a law and rule of law and respect in the court system. they cannot go to the head of the government and make a special deal. they need the agreements in order to get access. take another group, world art group based in

s asia andfirst ce china.dio] i believe we are going to try to reestablish our connection to stephen engle at talking alle are things consumer electronics. we have him talking about three connectivity,, innovation, and the internet of things. there is a lot being discussed and shown off at consumer electronics association. let's reestablish. we have stephen engle online, back live in shanghai. it is the consumer electronics show. a have fairly new technology, camera and cellular technology. simcards,cards -- sometimes there is dropout. we roll with the punches. expected on day one. it will run through wednesday in shanghai. yesterday, it kicked off with the chairman and ceo of audi, rupert stadler gave a keynote and talked about pilotless with their new car they rolled out. i believe it is a hybrid. but definitely an electric car kiloa range of about 450 kilometers. for more on that, let's bring in the president of consumer electronics, gary shapiro. welcome to china. >> thanks for having us. is this the year

the fastest-growing economies in the world are in asia. the fastest growing opportunities are outside the united states. 96% of customers are outside the united states. what the president understands is it's really important that our companies have access to this opportunity. >> rose: let me ask you this, why do you need what's called fast track authority? that comes before you get to the trans-pacific. >> what trade promotion legislation does is congress tells the administration, here are the priorities that we have that are necessary for us to then give you an up or down vote on a trade deal. so they lay out in this trade promotion legislation, 150 objectives that have to be met by a trade deal and say this is the bottom line if you don't meet the bottom line, we won't even give you an up or down vote so they lay out the rules for how the deal will then also get legislated once the president wants to sign it. >> what sandy leven, the ranking democrat on the house committee and others say what this is about really is the trans-pacific par

then three agent interpreters. -- asia and interpreters. interpreters could be asia and. -- asian. when it began, it was against the law to hire anyone who was nonwhite even if the job was as an interpreter because it was believed that the asians would naturally collude with each other. you had a situation in the 1880's with the interpreters who were not a vision trying to interpret there he difficult languages and dialects. some of them didn't know all of them very well. we have immigration officials and we have interviews. they detail that some were very fair-minded. they felt it was a difficult at you wish and, they try to give the benefit of the doubt. we also know that many officials also were hardened. some were veterans of the anti-chinese movement. they felt it was their duty to keep the gates closed as tightly as possible. one of the first things that chinese immigrants had to face was the medical exam. what do you remember from the family history, the interviews, the poems. what are some of the things that former detainees spoke about in terms of the medical exam? >> they

asia-pacificokyo, -- joining us from tokyo, asia-pacific president, stephen. underperforming, like everything else. what can be done there? stephen: it is my pleasure to join the program, and it is even more important, the conference we're hosting in japan on the mission expectations. we see an opportunity for growth in japan as well as or other markets to ultimately propel global growth to the other three markets main china, america, and india. -- being china, america, and india. angie: but they are not there yet. how can we get there? what is happening in japan that is preventing them from reaching the 2% goal over two years. -- 2.5ore like 3.5 years years, maybe closer to three? stephen: they have underperformed. the good news is abenomics has been much more prescriptive. monetary policy -- the first arrow, has clearly been a winner. the bank of japan has done everything it can to help with growth construction. the fiscal side has been more mixed results. that ise third part widely discussed on structural reforms -- everything from deregulating certain indu

military forces in the asia-pacific.admiral harry harris has shown he's prepared to deal with the flury of activity in the south china sea. [ applause ] >> reporter: harris was speaking at a change of command ceremony in hawaii. he said the u.s. base has no shortage of challenges but ready to meet them. [ applause ] >> from north korea with its quest for nuclear weapons and means to deliver them to china's claims and land reclamation in the south china sea. the u.s. will rebalance to the pacific. our joint force will work closely with our allies and friends and into the asia-pacific region. >> reporter: u.s. defense secretary ash carter was at the event. he laid out the u.s. stance on the south china sea. >> the united states will fly, sail and operate wherever international law allows. as we do all around the world. we will remain the principal security power in the asia-pacific for decades to come. >> reporter: six parties including china are locked in a sovereignty dispute over the spratly islands. u.s. officials have

angie: and that's today's word from asia on greece. still to come on "asia edge" -- manny won. he did? many in the philippines refusing to concede their homegrown hero was out fought. we to one high-profile sue port later on. up next, chinese manufacturing sector weakened further than originally thought in april. more on that when "asia edge" returns. >> checking some of the stories making headlines around the world. the number of people killed in nepal has risen to 7,250. at least double that number are injured and both totals expected to rise as remote communities are just now being reached. more aid and equipment is being flown in although nepal's only international airport has been shut to big planes. katmandu was built to handle medium-sized aircraft and heavy freighters carrying aid damaged the runway. the italian coast guard said nearly 4,000 migrants were rescued in the mediterranean sunday as good weather and calm seas persuaded more people to attempt a crossing. the flood of migrants shows no sign of abating. last year 170,000 people were picked up. that's a 280% incr

gay people into its society. >> ho chi minh city is one of the largest metropolises in southeast asiahe heart of vietnam's economy. it beats the capital hanoi as the wealthiest city and is a magnet for workers all over the country. in the past five years alone, the population has increased by almost 800,000. the city has come a long way since the end of the vietnam war 40 years ago. we asked locals what they feel about the recent revision in the same-sex marriage law. [ speaking foreign language ] [ speaking foreign language ] >> located on the edge of ho chi minh's business and shopping district is a famous cafe and bar which is popular with the gay community. papa cafe first opened 16 years ago. at around 11:00 a.m., office workers from the area drop by. they come for the tasty and reasonably priced lunches. during the day, there are very few gay customers. it's also a favorite lunch time place for families from nearby residential areas. ♪ the cafe's owner nguyen used to be a regular customer and bought the store from the original owner. the cafe started offering lunch eight years a

we have been a major asia power for a long time. the whole region has benefited from our presence, the security blanket. it has provided and you take a look at the huge economic benefit that this has provided for china and everyone else, so i think that is important and i think reemphasizing or putting more emphasis on asia is very important. a two step to step back even further because this book is about dealing with china and i wrote it because this is such an important bilateral relationship and i think that every major global issue or at least most of them will be easier to solve if we are working in a complementary way with china, more difficult if we are not. this relationship is becoming more complex and difficult because they are increasingly a competitor so it's important in the areas that we have a shared interest whether they are claiming to change and i bring that up because the administration has done a good job in the historical agreement and we can't begin to solve this problem unless china is a big part of it and the

trade strategy in asia-pacific. the united states has long proclaimed its specific power specific economic and security stakes in asia and the united states cannot remain disconnected from the most vibrant region and the world and that is asia. we know that in order for the united states to engage with the region trade diplomacy is a main ingredient that i would argue it's been challenging for the united states to actually be a major player in the process of asia-pacific regional integration. let me give you some examples. not many of you remember because i see relatively young faces that there was a time when the united states and many nation countries did not agree with aipac where they should be binding a not for example. we also know when the united states tried to negotiate bilaterally thailand malaysia those negotiations came to nothing. very importantly when the united states and south korea began to negotiate the broader blueprint for integration into the region did not include the united states. we are talk

over the migrant crisis in southeast asia. at talks in bangkok.ya muslims fleeing myanmar. myanmar released its latest census figures which exclude recipients hundred ga. exec clouds rohingya. >>> the current boss, sepp blatter is refuse to go resign despite calls for him to do so. ear vinniesyrian rebels have cap' cured another city. it was the last government-held city in the province which borders turkey, it provides access to bashar al-assad's home province and the coast. >>> to the war in generally now where the saudi-led campaign against the houthis is now in its third month residents continues to flee coalition-led air strikes and fighting on the ground that left at least 40 houthis and their allies dead on thursday, the latest rounds of bombing coalition planes targeted the houthi strong hold of sad a in the north and southern port city of aden. the fighting in yemen has also forced many schools and colleges to close. but for the small number of students still able to attends lessons, the challenges of learning in a war zone, they are imme

this one in the west and also the one in southeast asia. which society is more compassionate of the two? do you see more compassion in the way people here are dealing with migrants than the ones and how they're being dealt with in southeast asia? >> when you talk about the discourse in the media which is about what people think and all the populous movements and make use of this fear so much and the mainstream parties i would think, i would think christian democratic union and all the european countries the movement, the body, they're not really doing their best to educate the people, the electorate or addressing the issues. whatever the mainstream parties start addressing the issues they go to the left or right which is happening quite lot in europe, mostly to the far right and that is creating problem. on the ground level people are much more compassionate. when it comes to people and even ordinary people in germany they are much more open in terms of the overall a lotment of migrants coming in. most of the problem arises when they don't

prevalent in asia. you had a physical exam. then you had interrogations that could last a couple of hours. they could left 2-3 days. it could last even longer. the typical length was just a few days. there are some immigration files where if you count the number of questions come in numbers up to 1000 questions. this is a scan of one -- just one page of one interrogation. it goes boom, boom, boom. what is your name? have you ever been married? when and where were you born? the singlespaced questions and answers are about six pages long. i will do an exercise with you. i will put these questions up. i want you to raise your hands if you think you could answer these questions. i want you to keep your hands up if you can keep on answering the questions and put them down as soon as you think you have reached a question that you probably cannot answer. that you don't have the true and detailed answer. ready? all right. what is your name? good. how old are you? what are your parents names and what are their a

let's check in on markets in asia. sri in asia. sri. >> hi there.etty grim overall and the volatility and the turmoil that you were talking about primarily in the european bond markets that pred to equities has spread overhere and is souring the mood in the regional equities markets. i wanted to highlight the s&p and i think a shade of disappointment in the market in the aftermath of the reverse bank of aus tratralia's decision to cut interest rates but they seem to be suggesting they're moving toward more neutral bias and more rate cuts may not be a foregone conclusion down by 1.6% now despite the official media outlets suggesting the bull market in china is still not over yet but some are fearing a deeper correction. all in all quite a grim session out here in asia. it will be very interesting to hear in my opinion what janet yellen and christine legarde have to say when they talk in washington later on today about 9:15 eastern i believe is when they will be speaking and about the outlook for rates. caution will be the watch word as we head toward

there's something about asia and particularly asia's biggest player, china and america's view of china. a call that view the china mirage and what i mean by that the china mirage is this intellectual stumbling block in the american mind where americans for generations have been hoping, praying expecting that china is going to change. old china is going to go away. china is going to drop some of those habits that we don't like and a new china is going to arise. this new china is going to be easier to deal with. it's going to be westernized and americanized and pray to jesus. this is a maras and the american mind that has been held for generations. it has no roots in asia. it's a moraitis that never was and never will be. now there is a lot of good reasons why america and china don't know each other better. the pacific ocean is the largest physical feature on the planet. it is cap the two countries apart. chopsticks knives and forks, the two different languages are so different. also actions by the united states government. in 1882 the united states congress determined that you can't get

together we will be a double engine of growth for asia. >> the two sides have several sensitive issues to resolve such as a disputed himalayan border. he called on china to look beyond their disagreements. >> i stress the need for china to reconsider its approach on some of the issues that hold us back from realizing full potential of our partnership. i suggest that china should take a strategic and long-term view of our relations. i found that chinese literacy responsive. >> translator: both sides have enough political wisdom to manage and control the differences. we will not let the differences affect the development of our overall relationship. >> modi and lee presided at the signing of 24 agreements to promote cooperation in a range of fields from high speed railways to a yoga college. modi started his three-day visit thursday in the home province of president xi jingping. they visited tourist spots together, keen to display their warm personal relationship. >>> boosting business ties with china is at the top of modi's agenda. he's been trying to fulfill his pledge to revitalize th

first thing this morning and asia, to new zealand where we see a quarter of 1% gain.rom jedome remarks wheeler on the country's financial stability report saying they plan to enact lending curbs to counteract housing prices. where counting down to the opens in australia, japan, and korea. in japan, this was the view yesterday. check out chicago pointing to a lower open after wall street closed in the red u overnight. the yen is weakening right now. in new york on the news that verizon is making a $4.5 billion takeover. the deal works out at $50 a share. we have brian joining us from san francisco. brian, how will this help verizon? an interesting deal. there is a lot of surprise in the u.s. when you think about aol, you think about the huffington post and all of these cool brands, even the dialogue business. it is about the quiet building alo has been doing around advertising technology. they are getting some cool, cutting edge stuff that helps place ads all over mobile devices and verizon can use that ways togy in a lot of help match that stuff together and hopefully

mid-40s also throughout other portions of india and south asia.d so because of the hot weather along with the issues with the electricity, and we're seeing these blackouts running around from time to time this is going to be a very dangerous situation. and unfortunately, we're not going to see any relief from the southwest monsoon because it's not time for it yet. we are seeing it mainly on cue for the moment with the bands moving in. but we have to go all the way into the middle to late june before the rain starts moving in. so this is going to be something that is going to be very serious as we progress on throughout the next several weeks. now, we are talking about a very different story. shvery strong thunderstorms as we look at the forecast for north america. we have a cold front that still continues to pound some of these storms into texas all the way into places like kansas and nebraska. so we're looking out for another chance for some severe weather. slight risk into areas like dallas and oklahoma city. cincinnati into nashville, you're al

policy for a long long time in asia. i forgot otherwise the 49 of the 50th state, but we haven't stayed in the pacific. a major asia power for a long time or the whole region has benefited from our president there. the security blanket is provided in a huge economic benefit providing for china and i think that is important. i think reemphasizing of putting more emphasis on asia is very important. to step back even further because this book is about dealing with china and i wrote it because i think this is such an important bilateral relationship and i need that every major global issue or at least most of them are going to be easier to solve if we are working in a complementary way with china more difficult if we are not. .. that is always crises someplace else in a very important crises. there's a tendency to go from crisis to crisis which is very natural and if we spent more time on the u.s.-china relationship and got that better, some of these crises would be easier to solve. the other thing we could make the relation

the three day global gaming expo asia opened on tuesday. u.s. casino industry groups host the annual event, one of the largest of its kind in asia. at one of the booths visitors can spin a virtual roulette wheel. also on display is an internet gambling system that let users play a game remotely. macau post the highest revenues in the world even though growth slowed down last year. markets in southeast asia are expanding including those in vietnam and the philippines. participants at the trade fair have high hopes for japan where a bill to legalize casinos was submitted to the diet last month. >> definitely a market that has tremendous capability and will be a key market for us if gaming is regulated in that jurisdiction. >> 180 companies from asia, europe and the u.s. are taking part in the event. >>> now currently in macau the forecast calls for scattered showers with highs around 30 degrees celsius or 85 degrees fahrenheit. here in tokyo it's fair partly cloudy with a temperature reading of 24 degrees celsius or about 75 degrees fahrenheit. we

now let's take a look at the forecast for east asia. we are still keeping an eye on the tropics in the western pacific. one is severe tropical storm dolphin. another one is nuor which used to be a typhoon. nevertheless still packing a punch as it moved through the southern islands of japan here. look at some of these wind gusts. up to 211 kilometers per hour in some areas. and in three hours in kabira 143 millimeters of flooding rains that took place. we are now seeing the storm moving to the north and east at 75 kilometers per hour. so it's really picking up speed. and this system is going to be moving right over japan, especially during the overnight hours into the morning hours of wednesday. and so it's going to be very windy and very wet. we are still concerned about land landslides, flooding, gusts and tornadoes as well. so be prepared for the very active weather during the overnight period. a quick look at dolphin showing us that the system will be moving toward the west. right now stationary but wind speeds gusting to 144 expecte

to asia, asia ends up the part of the u.s.successful as a legacy for him. anyone really running it. >> rose: except if they get the iranian deal done. >> if yes if, for me that would be number 2 after the tpp but. >> rose: it would be number one. >> 40 percent of the world's gdp, yeah really aligning, it will matter theçó most long-term because iran is not a great deal, i mean if iran will definitely -- >> rose: a deal is not a great deal for the u.s.? >> no not a great deal for the u.s. >> rose: a deal with iran. >> a much better deal for iran. >> because? >> because i think you sign the deal, it is hard to implement the u.n. inspectors will not be as strong as we would like, the aaronians willçó cheat.s7 when they cheat theÑi arbitration mechanism will be argued over, sanctions will erode the iranians will make more money and we will have unnerve and weakened relations with a lot of key allies in the region so it is not a great deal but given the alternatives i would still sign it. if i were there so i think it is a win, as

they didn't like the pivot to asia.hey didn't like hillary's containment consents the way they perceived it. it will be interesting when we started talking about foreign policy for 2016 but there's no question china is the one country in the world that actually today has a global strategy. not the united states. the fact that they are creating all of these institutions like the brics bank they're planning to spend over a trillion dollars both on infrastructure and equities to align other countries economically toward the chinese long term. the americans have not had a response to that and i think that unnerves a lot of american allies in the region who unlike a lot of other countries like britain really want to see a lot more america in their part of the world and they're not getting it. the british election was not about let's talk about european leadership. it wasn't about the world. in asia modi's india, abe's japan, they're quite concerned that the united states is not consistent and is not ultimately committed to t

let's check on the market here in asia.ue new zealand right now, where we saw a trade balance come out better than expected to a tune of $123 million in surplus. right now, we have new zealand fractionally lower. we are also counting down to the japan, australia, and korea. let's head over to japan. last closed .3% higher. a seven-year high for japanese .quities here looking at the futures in chicago, pointing to a higher open today. the-yen right now, still -- dollar-yen still weak. saidr ago, analysts shanghai stocks were set to rally 28%. they ended up more than doubling. >> if you call 28%, you would have been a pessimist. angie: yes. it would be a bad thing right now. ofwe are seeing this rally the stock market more than doubling. analysts who cover the 50 largest companies traded in shanghai, they predicted this game for the index. what we instead saw was a surge in the past year. remember, a rally of 28% was still considered one of the best-expected returns among 45 of the world's major benchmark indices. analysts ha

he said that will meet the increasing need for infrastructure funding in asia. aso said is it the most innovative step in the history of the adb or of any financial development bank. the finance minister of china said the increase is not enough. he called for further expansion of the lending capacity. >> translator: i think it's too conservative. the adb should provide as much funding as possible in order to support economic growth in the region. >> he also said there's enormous need for infrastructure in the region, and china's upcoming asia infrastructure investment bank and existing international development banks should be complementary rather than competitive. >>> and before we go, britain's newborn princess has been named charlotte elizabeth diana. the choice is seen as a tribute to her grandparents and the queen. representatives at kensington palace announced the name chosen by the parents, prince william and his wife kate. the couple had kept the world guessing about the name until both sides of the family got the chance to see the baby. charlotte is the

we must -- we must all the more contribute in every respect to the department of asia. we must work for the peace and prosperity of the region. reminding ourselves of all that we have come all this way. i am proud of this path we have taken. 70 years ago napolitano has been reduced to ashes -- japan has been reduced to ashes. each and every month from the seasons in the darkest state t. gift to japan like milk for our children and warm sweaters and even goats. yet from america 2036 goat came to japan. and it was japan that received the biggest benefit from the very beginning by the economic system that the u.s. as foster by opening up its own market. calling for a world economy. let down from the 1980's with the rise of the republic of korea, taiwan, and before long china as well. the time japan, too, devoted technology to support their growth. meanwhile, in the u.s., japan created more employment than any other foreign nation but one coming second only to the u.k. in this way prosperity has fostered first by the u.s. and second by japan. and prosperity is nothing less

tidjane: asia, we have 13 million.upposed to an giant in asia 3.2 billion. 0.03% of the population. in the u.k. we have 11% of the population as customers after 160 years. if you want a sense of potential, we're at 0.03% and headed towards 10%. guy: he gets that? tidjane: he is very good in math. francine: how about credit swiss, where is the biggest potential? tidjane: i have a few ideas but don't think it would -- guy: we'll have you back. tidjane: maybe when i'm not being paid by prudential. i'll come back and be very happy and open about all of that. one of my imagination is worse than reality. there's never any downside to saying things as we are. it's not that i don't want to answer. francine: very quickly on a possible british exit. does that worry you? tidjane: it worries me, it's in the long term interest to be in the e.u. is it perfect? no. but the balance of the downside is such for a two trillion economy is a lot to get out of a $16 trillion block is just not sensible. just not sensible. it's a harsh realit

the son of asia's richest man has given his dog two of them. check it out.e than $43 billion. his 27-year-old heir posted pictures and the watches are gold and retail for between $10,000 and $17,000. am supposedwas "i to have four watches because i have four legs, but i think that is uncouth." john: the respect --"with all due respect" to jeb bush and president obama, please leave us out of europe. >> with all due respect mr. president, we must out of this one. ♪ happy national blueberry cheesecake day. 's compound, twitter's version of "cops" and rand paul's my little pon ytails.

and japan and other countries in the asia-pacific region. i think we want to be looking across our entire relationship how we operate in the asia-pacific region and what are the people ties between our countries and the first lady was able to visit japan recently. a very good visit with the prime minister's wife where they discussed our shared commitment to the education of women. there are things we can do together in support of international girls education. our peace corps is cooperating with them. we're finding ways to foster growth education. this is something the first lady will continue to work on. this is an important visit with the prime minister but there are many other important elements that we will be hearing from now that i think will resonate with the japanese american public and is a testimony to how much we value this friendship. >> [indiscernible] >> good morning, ladies and gentlemen. are social secretary -- for our state dinner, we are celebrating spring. for the forced course, we are doing a very classic american caesar

delegates gathered at the asia security summit also known as the shangri-la dialogue. they include japanese defense minister gen nakatani, u.s. defense secretary ash carter and military commanders. they'll talk for three days. the delegates will likely discuss the growing chinese presence in disputed territory in the south china sea. workers are turning the reefs in the spratly islands to what others fear could be military bases. they are warned to stop building up the reefs. they're also stepping up reconnaissance. officials in beijing have reacted by trying to tighten their military control. >>> authorities in seoul are reporting another case of a potentially deadly illness. they are tracking the spread of the virus that causes middle east respiratory syndrome or mers. they say the number of south korean patients now stands at ten. health officials in seoul say the tenth patient in their country's outbreak had been in contact with the first. they report he tested positive during a trip to china. they say he traveled in defiance of his doctor's orders. south korean me