good morning asia. hello, world.u could join us for this action packed addition of asia business report, i'm rico hizon. let's start with a landmark court case that will have huge implications for hundreds of thousands of companies who have operations in europe as the european court ofjustice will decide whether the way facebook transfers personal data to the united states should be outlawed. for more i'm joined by my colleague and business reporter mariko oi. who is bringing up this case? by an austrian privacy activist and it's about what is known as cross—border data tra nsfers. known as cross—border data transfers. many of us may not even realise that facebook and other companies, including your bank and carmakers, transfer our personal data to the us and other parts of the world as part of their business practice and it's worth billions. what mr schrems is challenging on behalf of european users is that facebook is not offering them sufficient data protection safeguards. it's not his first battle over privacy. y

good morning asia, hello world.t is friday thank you forjoining us for an exciting addition of asia business report. we kick off the programme with amazon because it is unveiling plans to retrain one third of its us employees or 100,000 people by 2025. the programme is among the biggest corporate retraining initiatives ever announced at a cost of around 700 million us dollars. the online retail giant's announcement comes as companies around the world grapple with the impact of robots and artificial intelligence on their workforces. earlier dave lee told me why the firm is under kate taking such a huge project. this company knows it needs to change what able to do. is on as a company that stands accused of adding automation and different practices to its business at the risk of losing human jobs. so what is on a saying here is that far from getting jobs. so what is on a saying here is that farfrom getting rid of jobs. so what is on a saying here is that far from getting rid of these people, as some fear, they are inv

this is t w news asia coming up monsoons leave millions in misery across south asia we head to india's awesome state where many families are struggling to survive the flooding has already claimed hundreds of lives plus. u.s. china relations are at their lowest point in years is this the cold war of the 21st century we look at the potential ripple effects across asia. and keep your promises or else china is drumming up excitement for its new social credit system authorities are tracking online purchases medical records and if you tell the truth . i'm melissa chan welcome to news asia thank you for joining us millions of people across south asia have been hit by heavy monsoon rains this month lightning strikes and high water have killed hundreds floods have wiped out homes and crops the displaced are now grappling with a lack of food clean drinking water and medicine india has opened hundreds of relief camps but poor conditions make them an option of last resort for many here. as well reporting from the northwestern state of awesome. most days mom of the monitor uses his board to fish fr

dot com for slash asia or on facebook or twitter thanks for watching and goodbye. make. raring to read. if there is a me your product or to remember you have to find it between the lines. literature 100 german streets. entering the conflict zone with tim sebastian. has been challenging those in power asking tough questions demanding answers. as conflicts intensify i'll be meeting with key players on the ground in the sense of. catching through the rhetoric holding the powerful to account of profits. conflict zone with terms of business journal on t.w. . no breakthrough no progress no trade deal the 1st face to face talks in search truce was declared last month between the u.s. and china is a lounge. the stock markets wobble as the best is await what could be the us federal reserve's 1st interest rate cut in over a decade. and drinking water for india's proud stricken city of chennai fails then bring in the precious cargo via rail. is one let's do business the reality couldn't be any different chinese state media describes the trade talks as constructive today's meeting i

news asia coming up in skits divorce becomes a crime in india it's a victory for women vulnerable to the controversial customs practiced by some muslims what is their political agenda behind the law plus. bangladesh struggles with its worst dengue a outbreak ever thousands are sick what's driving the spike in cases. and cambodians are unhappy their countries become a dumping ground for the global crash industry it's an unwelcome import in a country that's already got its own plastic waste problem. i'm melissa chan welcome to news asia thank you for joining us we start in india where parliament has outlawed so-called instant divorce practiced by some muslims it will now become a criminal offense punishable by up to 3 years in prison the controversial practice allows a muslim man to end his marriage simply by saying the arabic word to lock which means divorce 3 times to his wife it's been a lightning rod issue in india for some time the supreme court declared it unconstitutional in 2017 and asked lawmakers to act against it however the bill was blocked by the opposition in the upper ho

this is having a domino effect on the rest of asia.f you needed any further evidence of how much the us china trade war is hurting asia's economies, look no further than the data points that are coming out of some of the key countries in the region. you have singapore, exports that were out yesterday, down by i7.3%. that follows on from gdp data that we saw last week, showing the decline of 3.4%. indonesia saw exports fall by 8.9%. you have india seeing a decline of 9.7%, the first time in nine months, and then south korea also saw exports fall by 13.5% in the month ofjune. in isolation, these figures don't tell you all that much, but put them all together and you get a very dismal picture of how across the region exporters are hurting from the trade war. we know chinese exporters are hurting, but what china sells to america also includes components from neighbours like india, indonesia, japan and south korea. so, when chinese companies start slashing prices or selling less to the us, these countries get hurt too. it doesn't look like

japan is currently leading china and southeast asia.e think mainly because japan is involved in more big ticket, blockbuster projects. one of the projects that the is thee are involved in high-speed rail wade -- railway link. this is one of the biggest projects in the region. initially it is estimated to cost 58.7 billion u.s. dollars. you can see in vietnam japan has a big lead over china. what this means for markets and southeast asia is that there are so many opportunities, but there will be some of these projects that are big in nature, very complex and high-value. inrever gets to be involved this project will probably be able to extend the lead, or close the lack -- close the gap. david: how much of this, james, can i -- what's throw politics in.- lets throw politics which funding source countries choose? james: politics do affect the funding to a certain degree. you can see that china is lagging behind in the philippines and vietnam. this is possibly due to tensions over this out china seat. we think that -- china sea. we think th

"daybreak asia." >> our top stories, asian markets look set to rise after wall street reached new highs. futures pointing to gains. trade remains in the headlines. talks with china. trade remains the number one issue for business. the cleveland fed president gives us her view on investment plans. >> breaking news out of south korea. we are getting the surplus number four may coming in. $5.39 billion. tradet comes to the goods surplus. this coming after the first deficit in seven years. bok has said there could be a rebound following those numbers. good trades, five $.39 billion in may. run ofan -- a long surpluses, a key factor for a country maintaining a strong and steady rating. we have seen with exports continuing to decline, seven months of the kleins for south korea. the surplus went into deficit in the month of april. it has recovered. how are we looking? gold is slipping along with oil. commodity prices holding. could be set today. we have futures higher in seoul and tokyo. more export restrict

plenty more to come on "daybreak: asia." this is bloomberg. ♪ ritika: this is "daybreak: asia."e the next eu commission president hopes the u.k. will stay in the block after all. if it does happen, it must be on the best possible terms. she said the u.k. should be allowed to delay the data again if necessary, adding the economic and political consequences of a no deal divorce would be catastrophic for all sides. the trump administration has been rebuffed in its attempt to put pressure on iran. the meeting of the international atomic energy agency is how the eu, russia, and china pushed back at washington, blaming the u.s. president trump warned of new sanctions against iran, claiming the islamic republic has been enriching uranium for some time. the u.s. is said to investigate the tax on big tech, which can mean the u.s. imposing retaliatory tariffs. robert lighthizer will have a year to decide if the levy would hurt u.s. firms and outline any tariff reaction. the u.s. has lobbied to stop eu nations tacking the revenue of companies such as facebook and google. the ambassador to

plenty more ahead on "daybreak asia." this is bloomberg. ♪ "daybreak asia."loomberg. ♪ shery: let's get a quick check of the latest business flash headlines. microsoft is investing $1 billion in a partnership with research group open ai. the nonprofit was cofounded by elon musk, peter thiel, and other silicon valley entrepreneurs, and will now use services's azure cloud to run its ai software. they will jointly develop supercomputing technology and work together to commercialize open ai's creation. paul: british airways is facing a first pilot strike in four decades after industrial action was brought by a 93% majority. says there is no date for a walk out and that negotiations are on hold while the airlines think seeks the hih court injunction. it comes after cockpit crew took salary cuts in the financial crisis to help bolster finances. fell after output missed analyst estimates by more than 10 million metric tons. the miss asked to supply concerns. iron ore prices were sent to the highest in more than five years. aey have to grapple with quarter of target

welcome to "daybreak: asia." paul: our top stories this hour, asian stocks are facing a muted start. apple downgraded. chipmakers will be in the spotlight later. the japan and korea spat rambling on. they may be forced to retaliate. -- the latest plan fails to impress. started withget us a quick check of the markets. health care tech are some of the biggest decliners. individual movers like apple being downgraded. falling after they cut their outlook. we have lingering effects from the data that we saw last week. had one sector that gained ground, the energy sector. also rising with geopolitical tensions. up's see how we are shaping for the markets. sophie: this tuesday, kiwi stocks are up about .4%. this after monday's broad selloff from a two month high from mumbai to shanghai. drop since may. likely crossing their fingers that they can resolve the trade spat. in sydney might rebound a .ouch with commodity moves oil is under pressure. rising volatility. we are watching the jump in iron or prices. , we have the

welcome to "daybreak asia." paul: our top stories this monday, china is set to release its trade wounds among gdp, and retail sales will show how much they're are hurting. a $5 billionwith fine off it scandal. shery: let's get you started with a quick check of how the markets closed in the u.s. to recordor indices saw a highs with the s&p 500 topping 3000 for the first time. the dow gained .9%. tech in industrials leading the gains. the energy sector saw some gains as we had crude rallying on the potential impact of tropical storm bailey -- very. -- barry.\ we had producer price inflation looking -- affecting the outlook of the federal reserve. witht seeing record games the s&p 500 gaining for a second consecutive week. let's see how the markets are setting up as japan is away on holiday. sophie: investors wanted to contend with a stronger yen, which is below 1.08 against the greenback. eased theirhave earlier advance. marginally higher. could be set for another day of gains. could see another day of close -- re

a big check boost for southeast asia's largest economy in asia eagerly await billions of dollars in investment in green mobility and digital infrastructure where's the money coming from. the e.u. says some nations are becoming too lax with credit ratings agencies and essentially limit the country's access to the financial. and protecting itinerant laborers from exploitation as they move across the e.u. in search of work. i mean for let's do business the right having apple is grabbing itself an even bigger chunk of the southeast asian market the region's most successful startup now has its sights set on indonesia it wants to create a next generation transport network with electric vehicles and a cleaner grid is valued at $14000000000.00 as a new powerful backa. for commuters trying to negotiate their way through southeast asia infamous traffic gridlock to grab is becoming the route of choice the singapore based startup has displaced in the region and now it wants to grow further one market it wants to expand is indonesia and soft bank the world's biggest investor and high tech is backing grabs

thedard chartered makes bulk of its revenue from asia with china and north asia delivering the largesthowbill winters talks about he is dealing with the impact of the trade war. bill: i think the period of unbridled globalization which we could argue is part of what characterized the last decade, that was very good for global growth, very good for a global bank like standard chartered, very good for a subset of the population, and it obviously left another sub -- another subset of the population behind, namely the middle class in developed countries. a natural extension of the view that a small population in my country is more important to me than a large population in another country. that is the world in which we live. >> what does it mean for banks? supply chains have moved. do they come back? bill: it is a reconfiguration. it is always fascinating to pick up the soundbites about china being a force for good in globalization but that appears to be the case? aobalize or -- will china be scaleizer on a global or a super regional scale. south to australia. the china globalization ecosy

asia has been a struggle. you saw they announced today that they would introduce a cheaper, mobile only plan in india, suggesting that they realize the current pricing in india will only appeal to a certain segment of the population. i would not be surprised if they rolled out that plan in other markets in south asia. there is a lot of programming available for free. and if netflix wants to be as popular across asia as it is in western europe, and in latin america, it may have to lower prices to get there. caroline: ok, our entertainment reporter in los angeles. paul: thank you for joining us. stocks are on the back foot, while bonds are gaining once more, raising the possibility that yields could go a lot lower. to ouro to singapore strategist wes goodman. why do you say the rally is that he risk? -- is at a risk? >> my family just signed up for netflix here in singapore, so that has to be an important economic indicator, i am sure. let me talk about real indicators. speaking of the fed's beige book, which sa

sophie, what reaction can we see in asia?hie: we are going to be watching heavy equipment makers in asia after caterpillar's earnings at the low end because of declining sales in asia because of competitive prices. particularly in china where the market is expected to be flat. japanese makers have also been on the losing end of chinese manufacturer's grabbing more market share. toy now only account to 3% 4% compared to the 7% to 11% they had in 2011 in china. this week the korean producer said it is looking to trim its reliance on china growth after dismal numbers we saw for the second quarter when it came to sales on the mainland. it is looking to the u.s. and europe to make up a bigger part of its total revenue. it is hoping to see its revenue from china come down to about 16% in the years to come. shery: thank you so much for that. of course you can get a roundup of the stories you need to know to get your day going in today's addition of daybreak. bloomberg subscribers go to dayb on your terminal. also available on t

plenty more ahead on "daybreak asia." this is bloomberg. ♪ asia." am paul allen in sydney. shery: and i am shery ahn in new york. this company is taking a hit from the japan-south korea trade dispute. the company's earnings missed estimates in part due to the tensions. but the cfo says the impact will be short-term. let's get the details from burke japan and korea editor that from our bloomberg japan and korea editor. how does the company characterize this dispute? >> basically, he said the impact on that they were seeing some impact from the dispute, but that it was likely to be short-term and that they remain committed to the korean market. he was repeatedly asked what he thought about the dispute but unsurprisingly, he refrained from commenting further on the dispute itself, given that it is a government to government issue. paul: we are seeing a corporate impact on other sectors as well? kazunori: aside from the companies directly involved in production and the receiving end , the impact has been limited so far. very close to nothing so far. the

our bloomberg asia entity editor.discuss to getnt xi's push chinese startups listed at home. ♪ shery: this is daybreak -- jessica: this is daybreak asia. the fed is spent -- sending more signals that it will cut rates this month. two top officials calling for action sooner rather than later. the new york president and fed vice chairman said policymakers must not wait until it's too late. the fed is expected to cut rates by 25 basis points at the end of the month but opinion is divided with some calls for a 50 point reduction and others for no credit all. at all. bank indonesia cut its key rate for the first time in almost two years. it said there's more to come as it moves to support southeast asia's biggest economy. the seven-day reverse purchase rate was lowered by 25 basis point. that's in line with most forecasts in a bloomberg survey. it came hours after a similar move from south korea and ahead of the fed decision at the end of the month. warned it willng face rigorous assessment of regulations before financial

welcome to "daybreak asia." paul: our top stories this friday, mario draghi sends his longest stimulus signal yet. amazon may not deliver. short ofre expectations amid concerns of more big spending. more bumps in the road for nissan. planned job losses after profits fell 99%. shery: let's get you started with a quick check on how markets closed in thursday's session in the u.s. the dow falling to the lowest level in two weeks. tesla and for taking a hit on weak results and earnings. the nasdaq falling the most in a month. has stellar earnings, but because of the ftc probe, market sentiment was not too positive stock. we have the s&p 500 losing .5%. investors did not like the president of the ecb. was not as dovish as they expected and that weight on sentiment as well. u.s. futures at the moment unchanged. let's see how things are shaping up in asia. sophie: we are setting up for a risk-off session. kiwi shares resuming losses. cost they could come under pressure. earnings in focus. in southing's data korea slidi

doing >> we can see that in asia as well. equities, bonds as well. hong kong, certainly leading to read up 332 points. kospi also higher. 1%. csi 300 seeing similar gains. dollar on the back foot. hint,ay it was not just a it was a lockdown cementing of that rate cut. commodities for the most part, bid up. we sowting to see what with the u.s. 10 year yields dropping. slightlyrecovering, higher than 2%. look at the boards, we will show what else you are watching out for. of these chinese markets a little higher as well. we were watching for the treasury market. gold up, 1% when it came to the strength coming through for the chinese currency. we talked about ticking down. giving weakness to the hong kong dollar. about the fed? seems to be a one trick pony. kathleen hays with us. deepening into domestic growth. aware is jay powell leaning -- where is jay powell leaning? domestic not just the economy, talking about rising tensions. the fed watching that closely. inflation not only failed to meet the 2% target, it moved further away. with theaid, compared

this is news asia coming up 12 years in prison for one of china's better known human rights advocates frank she ran a website documented cases of corruption what kind of impact will this latest sentence have on the work of other activists plus. malaysia is number one as the fattest country in asia that is we take a closer look at its health epidemic and what's being done to combat obesity. and the creeping trend thailand is cashing in on demand for snail slime skin care fanatics are crazy for the stuff that's now more precious than gold. i'm melissa chan welcome to news asia thank you for joining us we start in china and a look at a man who once upon a time was in the good graces of the communist party but not anymore activist twang she has been sentenced to 12 years in prison for quote deliberately disclosing state secrets that's the crime the party usually uses to go after people like him for almost 2 decades wang's run a website documented human rights abuses including. the legal confiscation of land from powerless farmers to the prosecution or rather persecution of religious group

this is t w news asia coming up this standoff in hong kong weekend protests turned into street battles between pro-democracy demonstrators and police we look at beijing's response to the continued undress plus move the renewed we want an end to the bloodshed in the country and god willing the bloodshed will end hours after the afghan president gives this campaign speech deadly assailants target his running mate. and a mountain disaster here's a garbage dump in india's capital that could soon be higher than the taj mahal you look at the deadly risk to those who live nearby. i'm melissa chan welcome to news asia thank you for joining us hong kong is in crisis its summer of discontent has seen protesters hit the streets every weekend since early june police and marchers have clashed with increasing violence with police firing tear gas and some activists vandalizing government buildings both sides are exhausted this time thousands of people turned up in different parts of the city including outside china's main representative office hong kong is a part of china but is in theory it minister

it was a large exposure to asia and while the recent volatility in the market, long-term views to asia remain in tact and we believe going forward, our portfolio is positioned well. with that, i'll turn it over to cambridge for comments about 2018 and the markets. >> good afternoon, commissioners. it's great to be here. this is our fifth year now presenting to you the private equity annual review and we're delighted and thrilled with the long relationship we've had with you and your investment staff. kelly jen isn' jensen is on youn and our san francisco firm, as well as i am. we have a team dedicated of about 25 strong within cambridge helping you and your investment staff run the private equity, real assets allocation and some are in the audience today and you'll hear from them when we go through some of the other revi reviews. to recaso to recap on page one t we would like to cover, one hasw is a private equity programme doing and the 2018 review and progress and three, the current market environment and what we're doing in recommending in terms of positioning the portfolio and priv

looking to "daybreak asia." "daybreak asia." to resumealks set next week. face to face readings will be the first direct negotiations since may. clouds gather. and boris johnson heads to downing street. must avoid a damaging no deal divorce at all costs. check ofget a quick the markets. we saw the s&p 500 topping 3000, gaining the most in more than a week. earnings from the morning session. ofults out of the likes coca-cola, united technologies, not to mention lockheed martin beating expectations. we got news u.s. negotiators were headed to china for the first face-to-face negotiations since may. u.s. futures under pressure, down 0.1%. taking a hit after hours after reports they would be facing more antitrust scrutiny. let's see how we are shaping up in asia. pointing to a mixed start as investors consider the warning on global growth with china receiving a global downgrade. even as we have optimism around the u.s. china trade talks. the boj expected to downgrade some projections as well as lower inflation forecasts. pmi datapanese flash and earning seasons

welcome to "daybreak: asia." stories this hour, asian stocks are facing a muted start. apple downgra

plenty more to come on daybreak asia. this is bloomberg. this is daybreak: asia. and in paul allen in sydney. i am shery ahn in new york. the stage is set for the second round of primary debates, it is a mashup of progressive senators bernie sanders and elizabeth warren are analyst is in detroit. kevin, will the gloves come off? for the gloves come off? >> know they not going to come off. but it is really the place for a crowded democratic field, including elizabeth warren and bernie sanders. they will be standing side-by-side next to each other. i'm told they will not fight each other but rather uses as an opportunity to individually make their case. i also have my eye on a couple of other candidates on the state, including a centrist candidate, senator amy klobuchar, a democrat from minnesota. how will she differentiate herself? on issues like medicare for all, reining in wall street regulations, and environmental protection. look for south bend mayor pete buttigieg he has to have a breakout moment. remember he had struggle with criticism for how he dealt with a

welcome to "daybreak asia." paul: our top stories this tuesday, asian talks looks at for a mixed -- looks at for a mixed -- look set for a mixed start. banks begin reporting results. investors and say it is a low-quality success. talking trade again. to u.s. team may have beijing for new face-to-face negotiations if talks go well this week. shery: let's get you started with a quick check up on how markets closed on mondays session in the u.s. ending slightly higher at record highs. we had a tech rally in the nasdaq gained .2%. energy sector and financial sector weighing on the s&p 500, but aboved unchanged the 3000 level. we had citigroup of course reporting earnings. they're treating revenue -- their trading revenue missing estimates. every member was under pressure in the session. japan returning from a long weekend. what is the setup? sophie: nikkei futures in whileo trading flat contracts are falling in sydney and seoul. gains, withresuming the nzx 50 attempting to breach the level again. the kiwi dollar is

good morning asia and hello, world.ad you could join us for another exciting addition of asia business report. i'm rico hizon and we start with facebook and its ambitious plan to create its own crypto currency and the growing scrutiny it's been under since it was unveiled last month. in the last few hours, us treasury secretary steve mnuchin took the unusual step that he had grave concerns libra could be used for illegal purposes, echoing similar comments from donald trump. the social media giant plans to launch its own virtual digital currency, libra and if all goes to plan, libra will be bought, sold, held, sent and even received with the firm's apps, messenger and whatsapp, as well as rival ones, imagine, a and money changes hands almost instantaneously. it hasn't even got started and it's faced a huge backlash. steven mnuchin, the us treasury secretary, said on monday that he agrees with his boss, that crypto currencies are for crooks. donald trump tweeted if facebook and other companies want to become a bank they m

at least 180 people have died in torrential monsoon rains across south asia.oday, apollo 11 blasted off from the kennedy space centre in florida. then, new generations of scientists have been pushing base exploration forward. among them, a group in surrey who have done more than 50 space missions in the last three decades. marc ashdown has their story. not as the land on the moon, but this is the science uk scientists are pioneering. ways to clear space junk which is threatening future missions. if we do nothing, there will be a catastrophic cascade of collisions of space objects. the debris from that will cause even more collisions. it simply, they are going to sing. there we are. a net at the end can help clear a path through the debris for further space exploration. we are at the second space race and we are back in the race to the moon. by the 20 30s, we could expect to see international groups landing humans on the moon. lift off stop the idea is to live there and go beyond. there is water on the moon, water to drink, through electrolysis which you can br

welcome to "daybreak asia."tories this friday, mario draghi sends his longest stimulus signal yet. amazon may not deliver. short ofre expectations amid concerns of morepe

welcome to daybreak asia.ries, washington ramps up pressure on the administration proposing additional tariffs on $2 billion. oil enjoyed a lift as opec extends the curbs into next year, however there is concern weakening demand around the world. shery: hong kong protest take a violent turn. police fired tear gas and pepper stray at the government condemned vandalism. started with a quick check of the markets. we are starting trading in japan and south korea. we are seeing a mixed picture. you take a look at the nikkei. there is pressure as we see the japanese strengthening for the first time in four sessions. still holding at a low level of 108.37. this has a lot to do what is happening with the trade front. the u.s. was considering adding more tariffs to $4 billion of e.u. goods. take a look at korean stocks falling 0.5%. this after a big rally selling the previous engine. we heard trade tensions were easing between china and the u.s., not to mention huawei suppliers like samsung and sk hynix. june consumer

for commuters trying to negotiate their way through southeast asia infamous traffic gridlock to grab is becoming the route of choice the singapore based startup has displaced in the region and now it wants to grow further one market wants to expand as indonesia and softbank the world's biggest investor and high tech is back in grabs ambitions. second head. in the nation and become a 5th unicon and also. invest. but then on top of that we will invest more into the ice and. this will be music to the years of indonesian president djoko we doto with 260000000 inhabitants indonesia is the biggest economy in southeast asia on it has strong potential for expansion softbank recognizes opportunities there. who will study but they'll put in it but we're definitely interested in and be cool about that he's. charging system. to $2000000000.00 for grab may just be the beginning just last week soft bank announced a $108000000000.00 investment fund focusing on artificial intelligence. let's go live to andrea hang our financial correspondent in singapore andrea what's in it for grabs and softbank we

good morning asia, hello world.ednesday thank you forjoining us for this edition of asia business report. we kick off the programme with america because the chairman of the us central bank is said to start two days of testimony in front of lawmakers. investors will be scrutinising his comments or signals of when and by how much interest rates will be cut in the coming months. as our reporter tells us from new york, the central bank has faced repeated tanks from president trump. jerome power will be keen to talk about monetary policy during his two days of testimony. ——jerome —— jerome powell. ——jerome powell. but —— jerome powell. but he ——jerome powell. but he may —— jerome powell. but he may not be able to steer clear of washington politics. wall street will listen closely to see if the head of the us central bank offers any clarity on interest rates. jerome powell and his committee meet at the end of the month, deciding whether or not to cut interest rates. after a strong junejobs report cut interest rates. after

good morning asia, hello world. glad you could join us.rt off with the global energy market and oil prices, as you can see, are basically sustaining their gains overnight. as a tensions with iran escalates, iran says it has arrested i7 spies who it says were working with cia and the sentence some of them to death. the suspects they say have been gaining information on the military and nuclear operations. president trump dismissed the accusations as a totally false. the tensions have escalated no doubt and probably the highest i can remember in two decades covering the oil markets but concern is probably not the word i would use. crude has been ticking up but brent at $62 is still good. $ii below this year's hi. ticking up but brent at $62 is still good. $11 below this year's hi. are you saying not a drop of oil has been affected? that is the main thing. all these attacks and lots of worries and concerns but oil continues to flow out of the region. in asia, you need to ensure your ships against all the dangers but oil continues to flow from

-- brewery, the asia ipl. -- ipo. we do lack a bit of direction. week on week, we are lower on the benchmark. volumes are lighter as we wrap up the weekend to singapore was out with a shockingly bad gdp number for the second quarter. we will talk more about that later. let's look at some movers. to your point, across the bond market in asia, yields are up not just across the curve but the region, led by this massive moving australia on the 10-year. is your currency space and in asia, it is about the thai currency. central banks stemming what is really the best performing currency in the asia-pacific. second-best globally after the ruble. a few movers in the japanese earnings season. lawson, up the most since 2016 on the back of net income coming in above highest estimates. , greatdavid inglis to see you carry u.s. inflation data topped estimates yesterday but it will like -- unlikely deter jay powell from cutting rates this month. core consumer prices rose 0.3% from the prior month, the most since january 2018. the re

asia—pacific12%, rest of the world 8%. and i think the challenge at the moment is that 72% of revenue is still from the usa, canada and europe. they will now be thinking about how we can increase revenue. warning the market about being investigated for breaking anti—trust laws. does this mean that they are expecting that they could be impacted with their earnings going forward? possibly, but these aren't just earnings going forward? possibly, but these aren'tjust impacting facebook. it is happening with apple and amazon and a number of other tech giants. so, this will probably just be an ongoing book and i don't ever see it ending. facebook needs to compartmentalise that and continue with their business, appealing to advertisers and to the daily, at give users. this could be one red flag for the social media giant going forward. what about getting into the cryptocurrency realm? how does this play into their future earnings, or could it hurt them, with so many critics, such as president trump and the trump administration? w

dot com forward slash asia or on facebook for twitter. we need you with pictures from japan and on a more positive note after we spent time looking at the challenges hosting the olympic games see you next time and get by. with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of the press. giving freedom for global news that matters. made for minds. go to the girl next. the final story. with exclusive. must see. europe. curious minds. do it yourself networkers. subscribers don't miss out. either and a warm welcome to arts and culture hi i'm karen helms said 30 years after the fall of the berlin wall the work of east german artists is being reevaluated we'll have more on that in just a moment and here's what else is lined up. danish icelandic artists all up for us on returns to the tate modern with what's been deemed an unmistakable exhibition one that highlights his delight in visitor participation and concern for the environment. and in our series underground europ

so be: in asia, stop futures are pointing to gains -- sophie: in asia, stock futures are pointing toains. additional export restrictions to south korea go into effect begins formpaigning japan's election, ahead of which shinzo abe said he does not see the need to raise the sales tax for the next decade. we had sales from australia, trade data from malaysia, and japan releases its we can report on buying of stocks and bonds. : thanks very much, sophie. let's check in on first word news now. >> china is one in the u k to keep out of hong kong politics, accusing london of interference in the city's affairs. beijing issued a strongly worded statement saying the territory is not what it used to be and that the british government has chosen to stand on the wrong side. 13 people have been arrested in connection with the violent at the capitol building on monday. early indicators for june show the chinese economy under even more downward pressure following may's hike in u.s. tariffs. business surveys suggest rising stress among small and medium-sized enterprises with the government expected

dot com forward slash asia or on facebook or twitter. people love kandice so we need you with pictures from the senshi province in northwest china they're building a giant national park enjoy thanks for watching and see you next time. we spoke different languages we fight for different things that's fun but we all stick up for freedom freedom of speech and freedom of the press. giving freedom of choice global news that matters w made for mines. logo to the girl next new to china. good mind of stupid. with exclusive. must see concerning parts. to be curious minds. do it yourself networkers. subscribers don't miss out. is done slowly becoming a part of china industry chinese automotive group b.k. i. i see by say 5 percent stake in germany's flagship comic taking the total chinese investment in the company to almost 15 percent. almost coming paul also coming up all eyes are on britain's to be new prime minister boris johnson and his plans for brakes it the country hasn't even left the e.u. yet but already there are signs of britain entering

this is the news asia coming up on the program taking the fight to court fed up with the dog. city activist. suing the government when it forced authorities to act also coming up. promised a new pakistan when he took over as prime minister last year but recent attacks on press freedom after groups to warn of dictatorial tendencies in the country how did it get to this. wall between the man and the monkey in the indian capital. at the tail end of that patients. welcome to news asia it's good to have you with us and it's one of the world's most crowded cities and now increasingly one with the worst quality they did you should capital jakarta has been classed as the world's most polluted city several times in june itself this in addition to already being ranked the most polluted in southeast asia last year based on a study greenpeace contributed to the air pollution is due to pm 2.5 particular matter particles less than 2.5 micro metres in diameter that can cause serious respiratory problems. these air quality issues have now pushed campaigners to file a civil lawsuit against the

good morning asia, hello world. thursday thank you forjoining us for another exciting addition of asia business report. we start with the us federal reserve and its chairman has brushed off heated attacks by donald trump saying he would not step down if the president asked him to. at the same time, jerome powell hinted that a potential rate reduction later this month as the world ‘s most powerful central bank warned that lawmakers office continued uncertainty. all fed shares have a difficult balancing act. they need to keep inflation low and everyone at work. they also need to keep markets calm while being able to change their mind when the economy changes course. butjerome mind when the economy changes course. but jerome powell mind when the economy changes course. butjerome powell has a more precarious position than most. in the face of constant criticism from president donald trump he must keep doing what is best for the us economy while never being seen to cave in to presidential pressure. his appearance in cong

asia strategy.g. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. paul: i am paul allen in sydney. asia's major markets are about to [shery: good evening from bloomberg school headquarters in new york, i am shery ahn. to "daybreak: asia." ♪ paul: our top stories. trade talks get back on track this week. there is little hope of a breakthrough in shanghai. neither side seems ready to compromise. marcus prepare for the first fed rate cut in a decade. the week brings policy decisions from tokyo and london. tear gas in hong kong's eighth weekend of protests. anna is preparing unprecedented official response.

good morning asia, hello, world.t's friday, almost the weekend, glad you could join us for another exciting addition of asia business report, i'm rico hizon and in india first the first female finance minister in almost half a century is set to present her debut budget today. nirmala sitharaman‘s spending plans will aim to tackle a slowing economy and a raft of other issues. when the renderer modi was first elected five years ago, he pledged to create millions of newjobs. official figures put the jobless rate at 6.1% in 2018, and that's a 45 year high. the government needs to find money for welfare programmes it's already announced, including did 12.6 billion us dollars to support farmers. many indians have also been calling for investment in infrastructure, from roads, bridges, dams, better housing and public to i lets. dams, better housing and public toilets. all this has to be done while continuing to push down india's national deficit, which is currently below 3.4% of gdp. for more we arejoined currently below 3.