what we are seeing in asia is the first step.o, in terms of interest rate height from -- hikes from the fed -- yousef: we have heard from more members of the federal reserve including stanley fischer, underscore and you cannot leave it to monetary policy to fix the economy, you have got to make sure it has fiscal stimulus they goes with it. what does that do your outlook in terms of how many times they are going to hike? do you think they are going to be aggressive going into 2017 as well? 'sdier: i think dan fisher samantha look because he has the international perspective at the fed. volatility dependent. hike is a think that we create a bit of a turmoil in the emerging market because there are many feedback loops in effect. what we expect is what hike at the end of the year -- one hike at the end of the year. it will not the drop to the markets. there is multiple feedback loop. for that perspective, the official is right. is at the stimulus rescue of the monetary stimulus and will relieve the monetary authorities are my respon

if anythingthink could be the ripple impact in asia? look, asia will definitely respond.far, the largest responses through the fed channels, fed expectations, so the dollar has been weaker. has also rattled equity markets because of the political risk coming through. investors have been worried about political risk, and that has ramped up post-brexit. or so to go a week before the election, and it seems like clinton and trump are are closed.nact -- about the fed,d so let's hop into the bloomberg in terms of where we are in terms of the december rate hike. december is the month we are looking at, 69.2% chance. we have the november meeting this week, 17.1% for that. you have trump wins, said that the only thing that looks possible to stop a fed hike is a trump victory. if trump wins, outline your scenario for the future of rate hikes. trump wins, what happens matters a lot. wins, does not mean fed rate hikes are on or off the table. markets, consumers, businesses, how they respond is important. up and assetes markets move a lot, that would ring the probability of a fed move

shery: the berkeley asia for this they held in singapore right now. -- barclays asia forum is being heldapore right now. >> we are referring to those who live below the poverty line. 2 billion living on less than one dollar a day. thank you for being with us is morning. you talk about capping technology to help the poor. how do you do that? >> we connect low-income people living on less than two dollars a day to work through the internet. we are part of this emerging trends that we call impact sourcing, which is using sourcing strategies to create a measurable social impact. ruralng people in from areas to do basic tasks on the and it. these algorithms are part of some of the latest technologies like self-serving cars and smart chips and are from. >> it sounds complicated, the poor usually unskilled. how do you incorporate them into the system? have found is that there are a large number of young people, particularly in former british colonies, who finished high school, who can speak good english and read and write, but there are so few job opportunities that there is really nothing to d

you are watching "asia edge."r of australia's largest private car collection has thrown it open to the public and is putting some treasures up for sale. with 500 cars on display, the collection is one of the biggest in the world. paul allen has been taking a look around. paul: this warehouse was once a budget hardware store. now it is home to one man's expensive private car collection. roundabout 500 cars. just on $70 million. that is probably being conservative. worth $5ari alone is million, never mind the vintage rolls-royce collection. >> this is a very rare car. >> this is a rather expensive list of instructions for starting and stopping the vehicle. 15 steps to get it going, three to stop. >> not easy to drive. the chauffeurs who drive these vehicles -- paul: also near impossible to drive is this new arrival which we took for a spin. true to the era, it has no seatbelts, but does have a bar in the door to stash your whiskey. the entire collection is owned by one man, tony danny, who owned aaa auto, one of eur

this is daybreak asia, coming to you from bloomberg's u.s. and asia headquarters. 7:00 p.m. in after hong kong. i am in yvonne man. breaking news out of south korea. that is a fairly substantial beef there. yvonne: they did record a drop fall there. you're on your figures seen a beat up 1.2%. -- year on year figures seeing a 1.2%up it could keep the be ok accommodate it. we'll see how korea reacts to that in about one hours time. we are seeing stocks as well as the kiwi falling 71 u.s. cents for the currency. australia, watch out for the gold miners in particular. it drops. precious metals getting pummeled here. 0.1% -- stocks down about 0.1%. uptick ofee an shares for the yen. there is no trading in china once again as the country continues to celebrate golden week. another look that we can expect ramy.e week, we saw stocks and bonds sold off once again. anchor: it definitely is a fed rate story and the fear of a potential height pulling down -- hike pulling down markets. to get more of this is josie joe.- a what we saw there was spillover from what the ecb said about the f

yvonne: this is the second hour of "daybreak asia," live from bloomberg's europe -- asia and new yorki am yvonne man in hong kong. ramy: and i am ramy inocencio. we are in our second hour of daybreak asia, and we just got the latest survey numbers coming just a little bit lower than expected. it matches the earlier two quarters of this year. we will see how the markets react. yvonne: three straight quarters with no change when it comes to sentiment among the large manufacturers. let's go straight to the market open with shery ahn. reporter: we will see if that positive sentiment remains from last quarter. at least for the start of the quarter, it is pretty quiet. we have many markets in asia on holiday, including china on golden week, also korea and malaysia. markets open, nikkei, which has gained .6%, reversing last week's losses. we also have new zealand and negative territory, down 2/10 of 1%. marcht comes to japan, many factories were disappointed. securities now saying for japan at least, an idea is forming among investors that what the boj did in terms of policy framework is jus

and not just the asia-pacific region globally. one of the countries that supported our activities in the middle east appropriately and generously in pakistan and afghanistan, is japan. we work with them on a global basis. i expect that to continue we had a very good question about debates going forward in japan about national security. i agree with the congressman. we have to tread very carefully with a democracy how you have critical issues of national security. i will say they are controversial in japan. they are controversial in the region. prime minister abe and his team have committed to strong consultations, active engagement with the public about the way forward. i think that is appropriate and we would support that more generally. in terms of specific things, perhaps the most important thing that the united states will want to work with japan on is to ensure that japan's economy continues its foreign progression, success, structural rell form, the so-called third era. i would like to the see japan's relationship with china

it requires partnership and steadiness with our friends in asia, but it will be in asia pretty much job one for any new administration that comes to power in january. >> let me follow up a little bit on that. north korea said repeatedly and loudly it will never give up its nuclear weapons. i believe you said there are options or a freezer cap. do you see us in a position of negotiating a freezer cap rather than complete militarization? >> that's why i said you need to outline what your objective is. once you outline with your allies what the objective is, if the objective is to rid the peninsula of nuclear weapons, that leads to a set of strategies -- i'm not sure there's a coherent set of strategies someone could outline that could get you there. if you say it's a cap or a containment, that's the process that needs to take place right now. >> personally, i cannot imagine accepting an away station or agreement where we could cap north korean nuclear abilities. i believe the basis of the six-party arrangement has been a verifiable elimination of nuclear capabilities in north korea. in ad

rally in asia.iew is that the marketeer will continue to lead the region through the end of the year. we had dividends last year, why are we seeing that? >> there is been a massive amount of money that is come to hong kong from the chinese mainland. these last three or four months has seen more net influx. since it started, i think the spring of 2015. it did not last long, the market came crashing down. it is also a function of markets on demand, not doing very well. cheaper valuations in hong kong. 4 andrically as well, q october specifically, have been very good for hong kong stocks. we are looking at historical data, there is no guarantee. back, with the exception of what happened in 2008, it has been up every single october over the past 10 years, up an average of about 5%. there was a lot of attention on this upcoming -- talk to us about valuations again, what are we seeing? >> there has been movement in the opposite direction from what we saw last year. valuations, when you look at hong kong,

you are watching "daybreak: asia ." get the first word news with rosalind chin. >> at&t to buy time warner for $84 billion forming a new telecom and media empire. warnerl values time 20% above friday's closing price. the deal includes hbo, cnn, and the warner bros. studio, allowing at&t to expand into media and entertainment. td ameritrade and its largest stakeholder, td bank, are said to the near a deal to buy scott trade financial services. sources tell us td ameritrade would take scott's brokerage operations for about $2.7 billion. the deal would combine two of the largest online brokerages. malaysia has announced a budget that hints at early elections. the prime minister listed millions of ringgit in cash and grants for lower income citizens and young people. they include cheaper housing, discounts on student loans, and tax relief on smartphones and tablets. this aims to boost growth and shore up his support after months of political turmoil and financial scandal. china's leaders gathered this week for the final com

however, asia remains a challenge.ix scrapped plans to launch in china this year, referring to licensed content. the u.n. said as many as 700,000 people might be forced to flee the iraqi city of mosul. andsands of iraqi troops kurdish fighters are advancing toward the city, backed by u.s. and coalition airstrikes. they could become the largest and most conflicted humanitarian situation in the world this year. an unnamed orbital rocket has blasted off from eastern virginia on a recent mission to the international space station. the program has been grounded two years. 30 first rocket blew up seconds after liftoff. that carry 29 pounds of supplies. the orbital's mission is under the contract with nasa. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. is bloomberg. haidi: thank you for that. rishaad: the australian billionaire says he is deeply concerned about his crown resource employees, which are being detained in china. haidi: we have seen a crackdown th

east asia policy and the years ahead.ics include our continuing relationship with china, and the growing nuclear capability of north korea. the korea economic institute of america hosted this 1:35 event. >>> good afternoon, i'm don manzul manzullo, the president and ceo of the korea economic institute and we welcome you here this afternoon. we have two surrogates of the respective presidential nominees, the honorable kurt campbell for hillary clinton, and the honorable peter hoekstra for donald j. trump, discussing foreign policy and security, as those issues relate to greater asia and the world as a whole. north korea's nuclear development is not juan asia problem. i've had the pleasure of knowing these speakers personally and consider them to be extraordinary statesmen. extraordinarily qualified. let me stress, this is not a debate. but a discussion seen from the eyes of two viewpoints. we are not presenting this discussion where you are expected to leave leaving either-or both are correct. or incorrect. foreign policy

rishaad: from bloomberg's asia headquarters this is bloomberg markets asia. ♪ rishaad: crown plunges detain -- employees have been detained in china. haidi: a tumble in hong kong. isdi: the global economy weak and vulnerable to asia's best issues that have not been fixed. rishaad: a somber mood following the death of the king. a look at the movers so far in this monday morning. it is a big week ahead. very, very slow start to the markets. rishaad: it comes on stream in about 50 minutes. the recovery taking place after days of negativity. then we have the news of the king dying every solid rally take place after that. in many ways it removed the uncertainty. that is the argument that is being put. haidi: that's coming in. he wanted calm and stability when it comes to financial markets. the thai market closing up. a nice gain in the friday session. trading elsewhere in southeast asia is getting underway. in jakarta. haidi: rishaad: a look at investor sentiment. >> it was all looking so positive for a monday morning on the first trading day of the week. asian stocks rally for the second

asia.haidi: a quick check of the latest business flash headlines. the new government of the philippines is targeting chinese investment for a new infrastructure program, the latest sign of easing bilateral ties between the nations. the finance secretary says that china will be "a big source of funding" and that he is going to initiate talks." overng has been at heads the south china sea. ramy: the poc says the threat from china's loans have been manageable, but he says fast credit growth has helped rein in the dangers and probably economy. he spoke while he was at the imf and world bank annual meetings in washington, d.c. previously posted his comments on their website. haidi: the australian treasurer is playing down worries of a housing bubble, saying the property market is prone to exaggeration. speaking in washington, he said there is no evidence that the market is overvalued outside some pockets of the country, and doesn't see much else for further rate cuts. house prices have risen 14%

this is "daybreak asia". am yvonne man. looks like a quiet monday. china data, could get interesting. we had some fed speak when janet yellen talk about letting the economy get hot. all of that on the docket. yvonne: also and ecb meeting this week. the last and third presidential debate. momentum signals looking bearish for stocks. key we-dollar bearish now. aussie stocks on the dull line -- decline right now. dollar bearish now. down, but a soft open here. this is on some dollar strength. thatll continue to watch one. world's largest emerging markets have pledged to boost trade as china's president warns the global economy remains fragile. presented a front on global terrorism and infrastructure. what have we heard? minister the prime saying he wants to see trade the nations doubled to $500 billion by 2020. the pictures surrounding this summit is one of political and economic malaise. russia is burdened by sanctions and a week oil price, and of course china where we saw exports fall 10%, the slowdown continu

thank you, our chief asia economics correspondent. we are sticking with china because joining us now is the head of investment advisory for asia and the middle east for barclays. when you get chinese gdp numbers such as today, how excited you get by them? how much weight you put on them when it comes to gauging the strength of the world's second-biggest economy? foremost, weand thought that gdp numbers would be what they are. we think it is going to end close to 6.2%. we based this on the premise that china would need to control its capital account. they did not quite work out, but they pulled back a little bit. plus, the financial stimulus and fiscal stimulus, it seems to have worked. what china has done is acted fast. it realized that a long-term strategy it has in place needs to be addressed to some extent to ensure they don't give way to short-term momentum. overall credit availability is increasing that is reflected in the consumption numbers, manufacturing pmi's are improving as well. china has been the biggest consumer of oil i

this is "bloomberg markets: asia." lun in hong kong.his is "bloomberg markets: asia." ♪ samsung third-quarter profit falls, but beats estimates after the note 7 smart debacle. manages more profit, but the outlook for big players remains gloomy. third-largest bank beating estimates despite lenders facing higher costs, ow margins, and rising that loan charges. a after claimstat of wrongful dismissal and write-downs. a look at how this asian trading day is shaping up. big week of earnings, particularly when it comes to the chinese session. not breaking that profit, but a lot of concerns over bad loans and a mounting pile of debt when it comes to the chinese banking system. we will take a look at how they trade when trading begins, but in the meantime, singapore, taiwan, and malaysia starting trading. let's get over to david. right, we talk about the bank, how do you find the balance between profit growth, planning for future bad debt? environment, rate cb not thet from o most ideal spreadsc,. . equity markets not very interesting, a lot of

rebalance to asia.lease welcome our 68 secretary of state, former five-term member of the senate and chairman of the senate foreign relations committee, the indomitable john kerry. [applause] sec. kerry: jane, thank you for a wonderful introduction. i hugely appreciate your support, your counsel. and obviously we are living in complicated times. i want to thank you for many, many years of remarkable service to our country. jane was reminding me as we were walking up here that we were, by happenstance, on a flight together not so many years ago. and she secretly informed me of the offer from the wilson center and said, what do you think i ought to do? i told her in a nanosecond she should take this job. and i am not sure she did it in a nanosecond, followed my advice, but she did it, and i think we're all better for it. she is one of the country's leading voices on intelligence, national security issues, on capitol hill. today, as president of the wilson center, she has contributed enormously. thank you

. >> one of asia's largest consumer electronics fairs is set to kick off east of tokyo. products powered by artificial intelligence and the internet of things are drawing attention this year. ceatec japan opened its door s for a media preview in monday on chiba. 640 companies and organizations are showcasing their latest technologies. sharp brought an egg-shaped a.i.-powered robot that can control appliances for the living room. >> the robot can also monitor the room temperature and switch on fans. mitsubishi electric unveiled a tablet computer with integrated function. >> when a user speaks to the tablet while touching the screen. the original sentence in foreign language translations is displayed. it developed the tablets for hearing disabilities. technology known as fintech is also in the spotlight. it's a combination of i.t. and financial services. mitsubishi ufj financial group has become the first bank to exhibit fintech at the electronics show. the company unveiled an a.i.-powered system which gives advice on financial transactions. ceatec starts on tuesday and ru

that is the state of play across asia markets. david: welcome back to "bloomberg markets asia.": breaking news crossing the bloomberg terminal from crown resorts, the embattled gambling company in australia. they are holding their agm rit now after the chinese detained and arrested a number of their employees in china. the chair speaking at the annual meeting in perth saying that the are veryrrests difficult and very complex. twod: adding to that, australian citizens he says have been visited by the console. he sincerely hopes that a third one will be visited quite soon. we will keep you updated on everything that comes out of this meeting. shares, as you can see, are down about 3%. angie: a final note saying that the assessment of material impact would be premature, so they are holding off for the figure out what the impact truly is. let's go back to the barclays asia or in the report. -- in singapore. >> we have a special guest with us, barclays ceo, who says the focus right now is on earnings because the management team cannot possibly sleep well knowing that the stock is tra

haidi: in the meantime, how the markets in asia are faring.y .1%, shanghai doing better. we are seeing general upside around the region. coming up, has china's economy stabilize? rishaad: the latest economic data, we will bring it to in just a few moments. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: the campaign to retake mosul in iraq began early this morning. it comes more than two years after isis first took control of iraq's second-largest city in june of 2014. iraq's military says it has already inflicted heavy losses of life and equipment on isis. defense secretary ashton carter called it a decisive moment in the fight against islamic state. up to one million civilians may be caught in the crossfire of what could become a major humanitarian crisis. joining me now from washington, david ignatius of "

s presence in asia and in fact beijing has drawn up plans to create its own asia-we free trade pact. u.s. allies like japan have expe great political capital to sign on to the deal. if the tpp isn't delivered, the u.s.'s credibili in asia as wes emerging worlds could be damage only bolster china's polil sta in e region tpp could still be ratified in a lame duck session of cong after the november electi. and asia will be watching. >>> the stolen hillary cli e-mas obt and released by wikiles revl new details about her position on encrypti w as we've been report is a divisive issue between silicon val and law enforcem and it pits privacy interests agai >> rep hi, sue. this is a relationship that came under inten scrutiny last year. newly released clinton e-mails show cho they were with big compan newly released e-mails put clintos camn on the defens she spoke about encryption just days after the san bernard attack during a primary debate on nbc. >> i understand g about that. but i also understand when a law en charged with the responsibily of prev attacks, to go back to our early, how d

he is an expert on security in the asia-pacific region.e said japan and india must work to maintain regional order and make sure china becomes a responsible nation. one participant said china is trying to overwhelm india by developing a large port in pakistan. japan is also in discussions with india for the sale of japan-made rescue amphibious aircraft. >>> japan's lawyer association has adopted a declaration calling for the death penalty to be abolished, but the decision was not unanimous. the declaration from the japan federation of bar associations says it wants japan to end use of the death penalty by 2020 in favor of alternatives, such as life imprisonment. members cite the possibility of wrongful convictions and an international move away from the death penalty. >> translator: we will seek public support for our stance by clearly explaining it. we will also hear opinions from the families of crime victims. >> but the move has been opposed by families of crime victims and lawyers supporting them. >> translator: if it's abolished, vict

. >>> it's time for our "eye on as asia." the top u.s.iplomat for asia says his country remains a steady and trusted partner of the philippines. the remark follows overtures to china by philippine president rodrigo duterte. duterte was in beijing last week when he announced his separation from washington in both military and economic sectors. the declaration prompted washington to dispatch its most senior diplomat for asia to manila. daniel russel met with philippine foreign secretary perfecto yasay on monday. >> if separation means that the government in manila makes its own foreign policy decisions based on its own assessment of the philippines' national interests, then there is no need for a change. >> it's very important that we continue also to talk to make sure that there will be no understanding about how our friendship and our strong relations would proceed. >> duterte's remarks were widely interpreted as puzzling. on saturday he said what he meant was not a severance of ties. he said he only wanted to say manila's foreign policy

this is "bloomberg markets: asia". ♪ rishaad: the next generation jockeys for position as china's elite map the road ahead, promising discipline and a crackdown on corruption. stronger yen, weaker global demand, japan at sports fault. deal for time warner faces a rough ride in washington with critics on all sides raising questions you'd the asia-pacific's richest woman will have to dig deeper issues to pick up australia's most iconic cattle stations. right, half an hour away from the start of the session in hong kong. taipei, kuala lumpur, singapore just coming online. a mixed bag. what have we got? david: that's what we have, a mixed bag. we are not really going anywhere when you look at the regional benchmark, basically flat. a lot of deals coming through, a lot of data, but domestic in nature. inflation read out of singapore. trade numbers not as bad as expected, pretty much flat. when you look at the equity market today and what is driving things is what is happening in the forex markets, the dollar goes from stren

erik: let take asia as a subset of the emerging markets. why does asia look relatively attractive?couple of things that are interesting. number one, if you take some of the big economies like india and indonesia, there large, domestic consumer economies. in a world post-brexit where people are worried about global trade, i think -- erik: you think that is a legit concern? >> i do. one, there is a political opponent. the splintering of the left and right, creating tension. the second thing, china's game plan is wildly different than when you and i first met. i think they're in sourcing a lot of their goods, trying to build their domestic consumer economy and less focused on heavy, raw material usage. that leads to less money going in and out of china. if you look at global trade as a percentage of gdp, it around 2000 seven, about 30% of global gdp. it is starting to head down. that is changing the maybe the not so good side. on the positive side, there are a lot of the big asian consumer economies -- we have been much more active in indonesia where domestic consumption is still a bi

. >> more than 350 journalists across asia gathered in nepal last month.ore inspired than ever to have the opportunity to learn firsthand from those who worked on the panama papers project. >> an unprecedented collaboration that involved initially 400 journalists, now 500 journalists, from 0 countries, now nearly 100 countries, that produced stories that made headlines around the world. >> the speakers emphasized the impact the late documents gave to society. >> among those names were two sitting cabinet ministers, one chief of the state auditor agency and a couple of criminals that have been recorded in the past. >> the biggest impact of panama papers is that never, ever in the history people were so much aware of the offshoot company as they have become now. >> we interviewed one of the presenters of an indian newspaper "the indian express." she said it took her team eight months to conduct research. their findings revealed involvement of leading business figures and a top actress with shell companies. >> for journalists it has changed the mindset that t

we are seeing a sea of red across the asia-pacific.bit,ed but 15 minutes back, things headed south. down, the philippines also down by a third of 1%. today in termser of sector groups, raw materials and financials. straight times lower by .5%. check of what is happening in the fixed income space, yields continuing to push up. u.s., australia, china as well, japan steady. it is hard to imagine at the start of this month yields in the aussie 10-year at that level. as promised, a look at where we are for the chinese renminbi. that is a three month look. that.nth, have a look at h.e a look at c and we will flesh this out for you later on. rishaad: overheating, yeah. samsung, that's a story. let's get more with first word news and paul allen. samsung stock has slipped further after news the flagship note 7 smartphone was being killed off you'd two point 5 million devices have been recalled in the u.s. and korea. sam's son is adding 200,000 phones in canada. the overheating debacle will cost the company $2 billion, and then damage to the ima

we are seeing some gains across asia. part of that story that we are not talking about is what is driving markets over there. that is opec's deal that is kind of undermining u.s. drillers, right? yousef: right, angie. we are starting to see cracks in this opec agreement, a lot of skepticism. the other big deal has been non-opec resilience, particularly the united states. take a look at this chart. we got the latest data from the baker hughes index. we are seeing additions to that fleet for the fifth consecutive week. 425. you see that series of blue columns. hat is a total of 184 since july that have been added. the question is going to be, how many more rigs can come online in the current price environment and when are the larger drillers going to put rigs back into motion? standard chartered saying shale is not big enough, not fast the opec plan.t what are you looking at? angie: it really is about the tank and survey. it is not moving the markets much in terms of downside, even though it is disappointing. the yen weaken

pulling asia-pacific back up to three days of gains.lar above the 98 level, the yuan fix at 6.75 today. $50 despiteabove russia's saying it may be boosting production. time-warner jumped on reports that it is in takeover talks with at&t, shares closing to the upside. senior executives have met for range oftalks on a subjects, including a possible merger. a possible deal in the works between time warner and at&t? that speculation had stocks on the move. time warner stock up better than 10%. at&t down 2%. that is said to be taking place, executives at both companies said to the meeting informally over recent weeks to discuss various business strategies. those strategies said to include, wait for it, a possible merger. that has pushed time-warner higher, and with his closing price, evaluation close to 67 billion. the executives are said to have ceo and the time-warner saying he would be a willing seller. 2014, time-warner rejected an offer from rupert murdoch and 20th century fox that valued the company at more than $75 billion. that was r

our asia industry reporter is following the story.ningthese job losses at such an alarming pace? you have to realize that shipyards have backlogs, orders back and theyars are now working on it. these projects, depending on the size, will employ the between 2000-4000 people in one project, so once these are delivered and there aren't other projects coming after that, the shipyards don't need these people anymore. with excess capacity, so the oil price slumping and where it is now and uncertainty on where prices will recover or when, the oil majors are also cutting jobs, cutting back spending, delaying projects -- it is spelling bad news for the shipyards as well. haidi: why is korean shipbuilding in particular -- we know this is a global issue -- why are they in the spotlight? >> the spotlight came in last year when we realized that a lot of these projects -- offshore projects, that is -- that were ordered from oil majors were being delayed, and because of the delays, there were cost overruns, so a lot of these shipyards had to factor

also, asia's top performer in the month of september. other analysts saying that the monetary policy by japan right by tapering pursued of bond purchases, and they see weakness in the end of it difficult coming forward -- weakness in the yen difficult coming forward. heidi: some weakness coming through after the business sentiment surveys. largely holding up over the last three months even with the stronger yen. the editor brian fowler is covering this story. what do we see from this report in terms of strength and weaknesses? a little bit weaker across the board, but it wasn't alterable. brian: it is a mixed bag. as you said, we had some good signs, was holding steady on pace to go up by 6.3%. the index was largely steady. keep in mind that the fall was taken in the fallout of the brexit decision, and it was also amid the strong yen. one other factor that we have not written about yet, and i haven't seen it everywhere, but the japan meteorological agency says that in the month of september, we saw the lowest amount of sunshine across ja

this is the view from asia. david: welcome back to "bloomberg markets: asia".sure to day of the scandal involving her leadership refuses to die down. why are korean so angry? have been many corruptions scandals in korea over the years. this one is unusual because people know so little about the woman at the center of the scandal, this friend of the president of the center of all of this. she has been accused of influencing decisions from the budget to getting business lobbies to get money to her foundations, so there are a lot of questions about how much influence she had, who she is, what documents did she have. did she have the proper security clearances? all of the things are what the koreans are wondering right now. david: what are the chances she resigns? >> it is a possibility. right now, she is trying to reshuffle her staff. there are reports she may try to fire the prime minister and askral cabinet ministers or them to resign, but even the opposition does not want her to resign at this moment, because it would trigger an election within 60 days, and opi

it requires partnership and steadiness with our friends in asia, but it will be in asia pretty much job one for any new administration that comes to power in january. >> follow up a little bit. north korea said repeatedly and loudly will never give up its nuclear weapon. i think you said that there's an option that we might have to any -- negotiate. do you see us ending at that position? >> i think that's a discussion -- that's what i said, you need to outline what your objective is and once you outline with your allies what the objective is, if the objective is to rid the pepe sla. . peninsula of nuclear weapons that leads to a new set of strategies. if you say, you know, it's a cap or containment, that is, you know, that's the process that needs to take place right now. >> personally i cannot imagine accepting a weigh station or an agreement whereby we would simply cap north korea. so i believe that the basis of the sixth party arrangement has always been a verifiable, elimination of nuclear, of capabilities in north korea. in addition, frankly, the other issue that we have to be high

is it from new emerging markets in asia?e is potential demand across all asia, europe, u.s. haidi: how much supporter you getting from the company in terms of what can take you beyond the startup phase and being able to take it to market? >> at the moment, we don't have it helps usnts, so to meet potential investors who pitch business ideas. we are looking forward to raise some money and grow our business , expanding into different countries. go to setou left leg up visionary triple seven. what did you learn at lego that you can employ now and what you're doing? at leg go, i was in the research and development department, and we are looking to the future of play. technology touse enhance the play experience? of games. makes a lot stream whereew both worlds meet together. rishaad: how long to market for this virtual car showroom? >> before the end of the year. we are talking with a dealer network in australia. hopefully before the end of this year. haidi: you have had interested parties in the technology? >> exactly. rishaad:

what i am interested in a's asia. it is a weaker -- in is asia. it is a weaker second.do you account for in our growth? paul: i think what is going to happen in the future is really interesting. the asian market is incredibly important for us. statistics suggest there will be something like 1.3 billion additional annual passenger journeys originating from the asia-pacific region. of course, dubai is perfectly placed, being at the crossroads between east and west. take advantage of that growth. we are making sure that our new airport development plans, which are going to cost about $30 billion over the next 20 years will be in place to ensure that we have got the infrastructure to take advantage of that growth, and there is a lot of airports in the world that will not be able to grow at the rate that they will need to grow to take advantage of that growth in the asia-pacific region. we need to be ready. yousef: coming up next on the best of "bloomberg markets: middle east," the world's largest container lines as it is open to acquisitions if the right opportunities come

yes, the japs were turning asia into a slaughterhouse, but for us asia was still far away. us, "in the present fight between japan and china, are your sympathies with either side?" we answered -- with china, 43%, with japan, 2%, undecided, 55%. we hadn't made up our minds about china. our neutrality act barred sales of armaments only to nations at war. the japanese had not declared war, so we went right on selling scrap iron and aviation gasoline to japan. in march, 1938, hitler had not declared war either, but his goose-stepping army suddenly smashed in and occupied all the soil of austria. six months later, hitler and his stooge met the anxious democracies at munich. hitler promised peace in our time, if britain and france would give him that part of czechoslovakia known as the sudetenland. britain and france gave him that part of czechoslovakia, hoping to avert war. now we had his word, peace in our time. at home we began to hear strange headlines. newspaper man: extra! extra! fbi captures german agent. read all about it! nazi spy gang captured. narrator: we sat in our t

from bloomberg's asia headquarters in hong kong, this is bloomberg markets asia. rishaad: oil trending near a 15 month high. samsung plunges after suspending the galaxy note seven. rishaad: that is the currency's longest losing streak in 2.5 years. shery: bankers are arrested and charged in singapore as another lender is shut down. bank in falcon singapore, the monetary authority ordered to cease operations, they have also arrested the local manager. shery: arrested by the commercial affairs department. singapore isn't losing financial penalties on ubs -- is in posing financial penalties on ubs. failures andous anti-money laundering controls on improper conduct by senior management. we will keep you up to speed with these headlines. shery: we are 30 minutes away from the opening in china and hong kong. singapore and malaysia have just come online. we do have some positive sentiment from wall street. >> markets are tracking higher. dbs in just aon bit. we are following samsung closely. if you take some sung -- samson out of the equation, it would be much higher tha

where in asia?> in the last 40 years, all of these countries have risen up because they became the global workforce. the global workforce is being replaced by automation and artificial intelligence and robotics. clearly these governments will have to find something new that provides legitimacy for themselves, and keeps the people happy. they will have to address that in relatively short order. >> thank you for your insight. coverage continues. up, the philippine president says goodbye america. his foreign policy for china. we're live in beijing. this is bloomberg. ♪ >> you're watching bloomberg. i am angie lau in hong kong. tracy: and i'm tracy alloway in dubai. the philippine resident r odrigo duterte is turning decades of military ties on its head. lanes --is policy now leans towards beijing. tom, how serious a pivot is this? tom: it is potentially very significant on both an economic front and a geopolitical front, particularly when you consider how the philippines underpins washington's pivot to

-east asia policy in the future. we wait to reestablish that programming, let me tell you about the other programming that we have coming up for you. we have three read to the white house events. hillary clinton and former vice president al gore are campaigning in miami today. that'll be live on c-span starting at 3:00 p.m. eastern in about 40 minutes from now. donald trump will be speaking to supporters at a rally in panamÁ city, florida, 8:30 eastern is the start time for that and on this network c-span2. tonight a pair of hour-long interviews separately. gary johnson will start at 8:00 p.m. and we will also hear from the green party jill stein at 9:00 p.m. and open our phones and get your take, your tweets to the candidates, both of those coming up tonight on c-span. >> campaign 2016 coverage continues on c-span with live debate with u.s. and governors' races, today republican debate with pat mccory and cooper, republican senator mike lee and democrat misty snow debate for the utah senate and on thursday afternoon

is what we are doing in asia and it is following u.s. markets. let me bring you to the bloomberg terminal. we pulled up a chart where it is about the fx action today. youee the correlation -- can see the direct correlation between the u.s. dollar strength and weakness the based on mounting debts and the fed hike. that is lifting that greenback. we are seeing that pair off a little bit today. it is all about the fed here. not only does it drive us in asia, also in your neck of the woods, yousef. yousef: it has been a remarkable rebound for the british pound. i am looking at the global movers. this is the trend in global markets. easingclose eye on those fears of a hard brexit. that awayiving from the 1985 low. we are seeing five years cbs spreads. it is widening to over 5%. now it is higher than junk rate. turkey. we will get into that story later on. angie? angie: we are watching asian stocks. regionald the msci benchmark dropping for a fourth straight day. there you see it under pending that story looks like a cross australia, hong kong, and in

i would work with our allies in asia, in europe, in the middle east, and elsewhere. that's the only way we are going to be. >> no, we are going to move onto the next topic which is the economy. and i hope we handle that as well as we did immigration. you also have very different ideas about how to get the economy growing faster. secretary clinton, in your plan, government plays a big role. you see more government spending, more entitlements, more tax credits, more tax penalties. in trump, you want to get government out with lower taxes and less regulations. >> yes. >> we're going to drill down into this a little bit more. in this overview please explain to me why you believe that your plan will create more jobs and growth for this country and your opponent's plan will not. in this round you go first, secretary clinton. >> i think when the middle class thrives, america thrives. my plan is based on growing the economy, giving middle class families many more opportunities. i want us to have the biggest jobs program since world war ii. jobs in infrastructure and advanced

say you likeou asia, do you include china with that? you like asia, do you include china with that? we have five that have been doing very good, why ignore hem? >> you like india, right? >> look, i don't like india. presumably, what i don't like is the equity market in india in relationship to the absolute avoidance of any concrete radical economic reform. the last big radical reform, the unified the gst. and i said, ok. >> but didn't the new governor just enforce, reinforce the commitment to grow? >> that was my the last one was thrown out. >> doing the government's bidding. e-voting because of that. -- eroding because of that. makepital interest rates some kind of sense. >> ok. let's take your five little ones. >> there is nothing structural happening there. >> why should i did my fingers in that? a i will explain it to you in different way. what i do like about indonesia, for example, that is one of the two best, the other one is thailand. is the commodity cycle, particularly cold. favorable, i like that. thailand is a huge positive

. ♪ >> the first international festival hopes to reach out to the asia pacific region via russian arts♪ >> the festivals artistic direct director. >> i want to emphasize that the far east festival is an international festival. there aren't just russian artists here, we have artists from china, south korea, all of whom collaborate to put this festival together. >> they were also a part of the festival. this performance is dedicated to the people for whom this festival was something special. in september of 2015, the eastern economic forum was hosted for the first time. russian president vladimir putin emphasized the far east region. >> home port to the russian pacific fleet. and a military strong hold. during the soviet union era, entry into the city was severely restricted. in the past several years, the city has undergone remarkable changes under president putin's policies. new buildings and bridges have been created. a restored pedestrians walkway along the perimeter of the golden horn bay is now a popular spot for citizens to relax. a giant 1.9 kilometer bridge spans across golden b

so-called pivot to asia policy. defense department officials say the new destroyer will provide a heightened deterrent in the region. >>> the chinese government is showing solidarity with philippine president rodrigo duterte over his crackdown on illegal drugs. the show of support comes ahead of duterte's first summit meeting with the chinese president. foreign ministry spokesperson geng shaung made the remark at a news briefing. he said the chinese government understands and supports president duterte's fight against drug crime. >> translator: drug trafficking is the common enemy of humankind. nations around the world have a shared responsibility to combat this enemy. >> duterte has been harshly criticized by western nations for his political methods and remarks about killing people suspected of drug-related crimes. observers say the chinese government appears to want to take a different approach from the west to improve bilateral ties. relations between the two countries have been strained over maritime disputes i

mark: not enough to help up for the problems in able -- in asia. its age -- in his asian business and worsening results fell more than .6%. spending on luxury goods in the u.k. after the brexit vote. book flightsal online again for southwest, jetblue, and virgin america. technical problems with the computer system cap customers from making reservations on the airline's rep site. and intems are back up recovery mode. matt: time for where we provide context and background on issues of interest. fiery -- fieryis expletive laden tirade against leaders. bloomberg quick take looks at who he is, what he said, and how his war on drugs has turned deadly. ♪ >> the philippines new president is not afraid to insult public leaders. [laughter] he has made international headlines for his deadly war on crime. eliminate the job lords once and for all. stoked methods have outrage. the philippines major military ally for decades. philippinesn, the is made among 7000 items of 100 million people. its economy has gone faster than butmajor southeast majors the company ha

donald trump also wants to create jobs in america, especially those jumping ship to asia. him, iphones will no longer be coming off of china production lines. they will be u.s.-made. but their differences are most obvious when it comes to the environment. clinton wants to continue president obama's policy of investing in renewable energies. she aims to make the u.s. the cleanest energy producer in the world. the trump is not having -- trump wants to do away with all climate protection regulations on u.s. companies because he says they are bad for business. brent: -- javier: the question is who is right and who is wrong. we do not know that. but maybe jens can help us out. we have are the proposals of both candidates and that job creation sounds quite a bit of a goal that is ambitious. how realistic are those economic plans in the first place? jens: it is not going to be that easy because hillary clinton's plan to invest massively into infrastructure, to achieve that you need the approval of congress. it looks pretty likely that congress actually might be split in the futur