the major asia-pacific economies are meeting in peru this weekend.y will all be talking about one man. >> donald trump will not be at the summit but he will definitely be a topic of discussion. president obama is likely to face uncomfortable questions about his successor's trade policy as hope fades that the transpacific trade partnership will be ratified. the 21 countries that make up the group are looking for new ways to boost trade. we have been speaking to an economist that says donald trump's protectionist policies have created opportunity for china. >> china immediately the day after the election victory announced that they are going to start a beijing lead free trade area of the asia pacific and right now china is in peru over the weekend. these few days the chinese president is getting countries which had previously signed up and excludes china to look at the free trade area they are proposing that they will askednd peru has already to join the china led free trade area of the asia-pacific. people and profit on-air today. happening on the mar

now, in the wake of trump's election, china sees an opportunity to introduce its own asia-pacific free trade deal. trade and investment protectionism is rearing its head and asia-pacific faces challenges such as insufficient momentum for internal growth. china believes we should set a new and very practical working to sustain momentum and establish a free trade area in asia-pacific. >> mexico has been hoping the tpp could be used to help modernize another trade deal trump has threatened to rip up, nafta. mexican officials are hoping a version of the tpp without the u.s. can still be salvaged. >> thank you very much. time now for our press review. studio -- we the have one topic in the u.s. grabbing many headlines. we will focus on the latest news coming out of canada. the prolific singer-songwriter leonard cohen has passed away at the age of 82. >> let's look at the local papers in montreal. , a legendary montreal singer-songwriter dead at 82. that is what the montreal gazette says in a long and touching obituary. he was an artist who was considered old in 1967 when his first album cam

leadership on trade in the asia-pacific region.: now of course china is there as well, not part of tpp, never invited to join that. a china-ledacles to similar deal, haven't we? >> there are two competing deals. now with tpp looking like it is dead, asian leaders are turning to the china-led deal and saying if tpp is done, we will go for this one, and china's happy to take that leadership role there. rishaad: thank you very much indeed. let's look at chinese steelmakers. they are forecast to flood the , stokingain next year overcapacity and renewed trade tensions. this is coming from fitch ratings, which is estimating that 100 million tons of chinese steel will be exported next year as producers benefit from a input yuan and lower prices, also benefiting from stronger sentiment when it comes to the auto sector, and this is likely to add pressure, particularly on the side of brussels and washington, who have been ramping up the pressure on china when it comes to their steel exports. at thethat this year g-20 following last year's re

ex-japan, not doing too well in the asia pacific. out of turkey boosting basic markets there, and the topix entering into a bull market on friday, up 20%. the open upon us, and let's find out what's going on. the response to that rally in the u.s. dollar, a lot to do with how markets are moving these days has to do with president-elect donald trump, setting up economic policies and how these asset classes respond to that. we are seeing the japan nikkei .5%old territory, gaining after that plunge in the japanese yen. the shanghai composite, the hang seng index, they are declining at the moment. day of declines following .1%, that this coming after a recent rally in the shanghai composite with analysts saying we might see the index now gaining as much as 9% to 3500 by the end of december. the hang seng index seeing a fourth week of declines coming off from that and losing .1%. reversing three days of gains and losing .3%, while in new zealand is also down .2%. when it comes to the chinese yuan because of that strengthen the u.s. dollar

obama returned this morning following the last stop on his trip, the asia-pacific trade summit in peru. at errol barnett reports, preident obama met with russian president vladimir putin and likely their last face-to-face meeting before mr. obama leaves office. >> reporter: it was a brief exchange between president obama and vladimir putin. on sovereignty and this is the first meeting of the two men since the election of donald trump who repeatedly praised putin's strengths. >> we have demonstrated what is possible when our two countries work together. >> reporter: in a formal meeting with chinese president xi jinping, mr. obama put an optimistic spin on cooperation between the two nations. the president said leaders from across the asia pacific had decided to move ahead with the transpacific partnership, a trade deal opposed by president-elect trump. throughout his three-nation tour this week, the president has had but privately, the white house is deeply concerned much of mr. obama's foreign policy achievements over the past eight years, could be erased. errol barnett, cbs news, lima

. >> let's take a look at markets now, because moves have been very volatile in the asia pacific this week. it was our wednesday morning when election results for the u.s. presidential elections started trickling in. by the end of the trading day on wednesday, major indexes across asia had plunged but then stocks staged a remarkable come back the following day. let's take a look at what is happening this morning here in tokyo. it is friday, shares opened higher by more than 1%, that's after the dow jones industrial average closed at a record high overnight. markets are up by 1.3% at 17,56. the dollar holding its strength against the yen. getting close to the 107 level. let's turn to markets open now over the asia pacific region. we're seeing pretty positive for the sidney, but seoul's kospi training in the negative. we'll have more in a couple of hours. >> ichbd india has faced power shortages. the indian government projects that in 15 years the country will need 10 times more the energy than it's nuclear power plants are currently generating. >>> concern for the welfare of animals is

the 21 asia-pacific economies here represent nearly 3 billion people. a majority of the global middle class. six of america's top 10 trading partners. more than half of the global economy. and the world's fastest-growing region. words, these 21 countries represent tremendous opportunity for the united states to sell our goods and support u.s. jobs. that's why it's part of our rebalance of foreign policy to the asia-pacific, we boost u.s. exports to the region by 50%. nearly 60% of our exports go to the region. this is part of broader progress . with 95% of the world's customers beyond america's borders, i made it a priority to open up new markets overseas and during my ministration we have -- during my administration we , have increased u.s. exports to the world by more than 40%. to record levels. these exports support more than 11 million american jobs. moreover we know that companies , that export tend to grow fast and hire more employees, and pay their workers more than companies that do not export . all of which is why exports of help to drive our e

this massive flight from emerging-market equities, the second day of losses across the asia-pacific regionexplain what we are seeing in the markets? japan and the only gain of the day, but massive flight from emerging-market equities because of concern over what a trump presidency means. we thought it would be focused on domestic policy, but of course as speculation increased on what a china trade work and mean or what a donald trump view on asian equities could mean or asia could mean, we are seeing a selloff in equities. what about you? manus: you were talking about the equity swings. we will talk more about the emerging-market currencies. i will focus on the bond markets. weekweek was the worst since the taper tantrum in 2013. yields are spiking higher. is this overdone? relative strength index of the bottom of the screen, the highest since 2007, but will the bond vigilantes have the last laugh with this trump administration? 1994, the back to bond market vigilantes destroyed the bond markets and took race to 8%. we had a 30 year (s) week the weakest we have seen. we have an inflation a

in asia-pacific, we have a handful of cars left for all of next year.t success has been attributed to focusing on the markets, not making an assumption that one-size-fits-all, listening to the customers and giving something unique to them. for instance, you mentioned we launch the car here in the asia-pacific at the same time as geneva. we showed the car to a private client base before we revealed the car. haslinda: give us a sense of the response. >> there are a handful left, as i said, for all next year, so i am very happy. theinda: we talk about market in europe because of the weakening pound and brexit, has it impacted car sales in any way? >> no, not at all actually. this second century plan is seven years long. the 700 million pounds i've mentioned will fully fund everything we will do. we have adapted, adjusted, and it is well within reach. haslinda: thank you for your assessment today. aston martin expanding its reach. rishaad: a new model they're the end of every year until the end of the decade. haidi: aston martin handbags apparently. lenders

pac, the opening of the asia-pacific headquarters in singapore. may facead, shinzo abe headwinds, but what is next for abenomics? we will hear from the former vice finance minister. the tpp doomed? more with the asia-pacific chief executive. this is bloomberg. ♪ rishaad: the outcome of the u.s. presidential election is banning concerns about policies more hostile to global trade, and many observers inc. e tpp deal is essentially doomed. let's get more. -- and many observers think the tpp deal is essentially doomed. let's get more. how concerned are you about this? >> for us, it is business as usual. the u.s. market is very important to us, and not just the size, but the influence on world markets. we are confident in the u.s.. trade between asia and the u.s. has been growing. the projections for next year is growth of 2% to 4%, so we are confident. there will not be any material change for a while anyway. jitteriness,l this the up-and-down, stocks, commodities, so it's too early to say anything. how would you characterize container shipping at the

the overall trend in asia pacific region was negative. with investors increasingly nervous about the race to the white house and waiting on a u.s. jobs report due out later friday. >>> troubled japanese autoparts maker takata is working on its business. its defective air bagss have le toto massive recalls worldwide. company officials say they will choose backers for its turnaround a and decide how to y for rececalls by the end of the year. sources say a panel of outside experts set up by takata is negotiatingg with four companie. they include japanese and foreign autoparts makers. takata's u.s. subsidiary has been hit especially hard. it's recalleled 69 million air bags so far. the american f firm might fileer bankruptptcy, but a takata official down plays that possibility. >> translator: we hope to rebuild our business with a process of lenders. we have never changed that idea. we believe this is the only way to continue a a stable supply o our products to customers. >>> myanmar's aung san suu kyi wants japanese business leaders to inves

commitment to its allies in the indo asia-pacific region. the u ss pennsylvania made port on sunday in the u.s. territory. such submarines are capable of carrying nuclear missiles and constitute part of the u.s. deterrence triad along with strategic bombers. it's rare for the military to publicize the whereabouts of its submarines. u.s. military officials said such submarines provide a critical, stabilizing, and highly effective element of the u.s. nuclear deterrent force. the u.s. military and japan's self-defense forces have been conducting joint drills in guam and its surrounding waters since sunday. the u.s. military has frequently sent strategic bombers to the island this year. the submarine's visit is also seen as a show of deterrence as north korea conducts nuclear and ballistic missile tests and china increases its maritime activities in the region. n. >> the latest business news, uncertainty about the u.s. election has been dragging down prices. ai, the election is only about a week away. how are the latest developments affecting th

they reiterated their commitment to creating a free trade area of asia pacific. on the global economy the leaders said all policy tools monetary, political and structural are needed to strengthen demand and address supply constraints. they touched on the issue of climate change calling it one of the major challenges for food production and food security. they pledged to cooperate more on policies to cope with these challenges. >>> u.s. president barack obama also gave a pitch for the tpp and said he hopes president-elect donald trump will change his opposition to it. obama was speaking to reporters after the apec summit. he described the tpp as a high-level free trade pact that includes protections for intellectual property. but he talked down another planned trade agreement, the regional comprehensive economic partnership, or rcep. >> hearing calls for a less-ambitious trade agreement in the region with lower standards, lower protections for workers, lower protections for the environment. that kind of agreement would obviously exclude u.s. workers and businesses

they're going to be holding working-level talks alongside a meeting of ministers of asia-pacific economicorum in lima, peru. nhk has learned the governments are then going to issue a joint statement on the cooperation plan. the japan-russia plan proposes in the field of medicine and health, the countries will work together in the areas of rehabilitation, pain relief and pediatrics. they'll also create a system of sending doctors and patients to each other's country for treatment. energy development and industrial promotion in russia's far east are also in the plan. countries will develop plants that produce liquified natural gas in the arctic and sakhalin and join hands to build and upgrade seaports and airports. russian economic development minister alexi ulykayev had been co-chairing the task force, however, he's been charged with deputy. first deputy prime minister igor shuvalov will be taking his place at the talks. >>> u.s. congressional panel believes the chinese economy would get a boost if the trans-pacific partnership fails to go ahead, and its own asian free trade deal does. u.s

. >> reporter: when it comes to trump's policies for the asia-pacific region, armacost says he will reserve judgment until trump appoints another four or five top officials. then, he says, we will all have a better sense of what to expect. kazuaki hirama, nhk world. >>> as trump prepares to take the helm of the next u.s. administration, he announced on friday his choices for three key administration posts. trump named former defense intelligence agency director michael flynn as his national security advisor. the retired lieutenant general supported trump during the election campaign and served as his advisor on diplomacy and national security. the president-elect offered the job of central intelligence agency director to representative mike pompeo and the post of attorney general to alabama senator jeff sessions. during the campaign, sessions advised trump on policies such as measures to stem illegal immigration. >>> members of the asia pacific economic cooperation forum have reaffirmed their stance against protectionism. they adopted a joint statement noting the need to more effectively sp

take a look at other markets open across the asia-pacific at this time. and we are seeing modest gains elsewhere as well. seoul and australia both trading higher by just about .2%. china markets will open in just under half an hour. >>> russia and china have agreed to expand energy cooperation and reaffirm their commitment to jointly develop russia's far east region. wrugs prime minister dmitry medvedev welcomed chinese premier to st. petersburg for a conference on trade and investment. business leaders from both countries attended. during the meeting russia's major oil company agreed to sell a 20% stake in one of its subsidiaries to a chinese company for $1.1 billion. the subsidiary's oil field is expected to be a key source of russia's oil exports to the asia-pacific region. russia is seeking cooperation from japan in the energy sector and in developing its far east region. analysts say russia is aiming to obtain as much economic cooperation as possible from the two countries as its economy continues to be hampered due to sanctions from western nations

moving on to other markets in the asia-pacific region, hong kong and malaysia snapped two days of losses. the philippines continue to suffer from fears of capital outflow. the shanghai composite edged down by 0.11% after hitting a ten-month high on monday. profit taking dragged down construction and resource-related shares. >>> here's a look at some of the other business stories we're following. >>> an estimated 37,000 new condominiums have gone on sale in the tokyo area this year, the lowest figure in seven years. the real estate economic institute says 2900 new condos were put on the market in tokyo and its neighboring prefectures last month. researchers say rising construction costs are driving up prices. >>> the chinese yuan has lost ground against the u.s. dollar for the eighth straight trading day. the people's bank of china set its daily reference rate at 6.8495 to the dollar. that's the lowest rate since december 2008. >>> japanese food companies are promoting theirir products in saudi arabia. the companies showcased about 200 items at a food fair. saudi arabia has seen growing i

foreign policy toward the asia pacific region is something that the obama administration has invested heavily in. more than two dozen trips to asia during his eight years as president. they believe it's important to engage in this region because it has so much of the world's middle class responsible for so much of the exports, u.s. exports and imports from the u.s. and it's going to be important to engage there. the failure of tpp, the fact we know president-elect trump has been hostile to that trade deal and others, we know it's not going to get a vote in the lame duck congress. it's a big blow to this whole rebalance policy. it's not surprising to see the president continuing to try to push and try to influence his successor to give these deals a chance. i also thought it was interesting that the president was asked about a lot of the things we have been talking about. for instance, the potential conflicts of interest among the business holdings of president-elect trump. i don't know if we have time to play what we said. >> we do. i'll just give me team a minute to cue that up becau

it seems to me that asia-pacific would not be really high on the top agenda.second, someone like like donald trump who is very, he's on predictable, perhaps it's good for the chinese leadership to engage in him. the person you don't know much at all is good. >> did you guys follow the moves of moscow where do you think he deliberately that they created the success? >> i have not heard anything but there's no doubt that vladimir putin come after donald trump he came under fire, we've never seen anything like this, and they actively applauded it. that democratic norm in the united states is something will have to figure out while happen. clearly american policy toward russia is about to undergo a significant change. >> do you think president donald trump is likely to keep him down and out with what has been achieved? >> i think -- but it they can come back to the question of the t pp, the rebalancing. >> . . . a let us make a good friend to send a message of congratulations to the president-elect. it will be your mark both dynamic. i think if i were a foreign le

are talking about the msci asia-pacific index. conversely,: you can talk about the end setting times we are in at the moment. rishaad: that's one way of putting it. haidi: the great unknown in terms of policy. rishaad: or the known unknown. let's get straight to the market action. juliette: it is looking brighter today. regional indexhe higher for the first time since thursday, that reaction we had seen to the election of donald trump. you are seeing positive conviction and not just emerging markets, but also widely across the board. on thatei strengthening weaker yen, up 1%, holding onto the best level since the first of february. positive movement in banking stocks and export players. hong kong higher for a second consecutive session. .nergy players leading the gain tencent moving higher ahead of its results after the bell today , up by 2.3%. it had fallen quite sharply from the peak, down about 10%. the woni doing well, strengthening. heavy, one of thee of the best performers. strain market similar to hong kong, energy players

♪ betty: talking trade -- asia-pacific leaders a donald trump must not be allowed to derail closer globalntegration. yvonne: china shakes at the accepted script, claiming betty: the mantle of the world free trade champion. and thousands rallied for and against the korean president as officials say park did collude over illegal access. yvonne: beijing ramps up the pressure on crown resorts with employees placed under formal arrest. asia.s daybreak in newi'm betty liu york. it's just after 6 p.m. on this sunday evening. yvonne: and it is just after 7 a.m. here in hong kong. it seems like the dollar is once again king. seems to be certainty the fed is going to raise rates in a couple of weeks time but asia is starting on a bad note with dr. futures heading lower this morning. betty: you nailed it on the head. it looks like this interest rate hike is baked in and with the help of the dollar, it's a new indicator of what traders are thinking, what the investment sentiment is right now. pretty bleak over in asia. alsoe: president obama speaking and we will get to those live. let's go to new zea

asia-pacific stocks extend their first week of gain since mid-october. japan rising for 11 straight day, but there are no positives for the bank of japan. inflation remains a distant dream with a distant dream with the 2% target far out of reach. stability in china, growth has picked up slightly this month. asia is back in the black lit to cheap fuel.d by what's going on in the broader region? let's find out more. >> asian stocks are gaining .gain, another day of gains that's after four weeks of losses. asian stocks have been on a tear, getting cues from the u.s. as we saw record highs there. the u.s. is closed on the holidays for thanksgiving. the nikkei is up .6%. data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling .4%. seven days of consecutive gains and now near overbought territory on the rsi. the asx 200 of .4% and data from new zealand showing the trade data narrowed. the kospi, not a lot of movement but remember it's been a very brutal last few sessions for emerging markets. we w

the 21 asia-pacific economies here represent nearly 3 billion people, a majority of the global middleartners, more than half of the global economy, and the world's fastest growing region. in other words, these 21 countries represent opportunity for united states to sell our goods and support u.s. jobs. that's why it's part of the rebalance to foreign policy asia-pacific we boosted exports to the region by some 50%. nearly 60% of our exports go to the region. this is part of broader progress. with 95% of the world's customers beyond borders, i made it a priority to open up new markets overseas. during my add manage, we increased u.s. exports to the world by more than 40%, to record levels. these exports support more than 11 million american jobs. moreover, we know companies that export tend to grow faster and hire more employees and pay their workers more than companies that do not export, all of which why exports have helped drive our economic recovery. it's one of the reasons u.s. businesses created more than 15 million new jobs. so that's the kind of progress that trade when done ri

have a vital role to play in creating and sustain as strong and indooring leadership role in the asia pacific. with that, let me take some questions and ill start with darlene from a.p. >> thank you, mr.nt. you've been telling world leaders that president-elect donald trump is unlikely to govern in the divisive way he campaigns. how can you be so sent of that given the first group of people he has chosen such as national security adviser and law enforcement positions hold the same views he espoused as a candidate and forking up on your meeting today with president vladimir putin did you discuss with him russia's medals in the election are you concerned this the kind of involvement that we saw in this year's campaign will be the new normal going forward in future united states elections? >> what i have said to world leaders, the same thing i have said in a number of press yens -- conferences, the president elect has put together a team and put forward specifics about how he intends to govern. he hasn't had the full opportunity to do that yet. people should take a wait-and-see approach in how m

president obama is going to take part in the asia-pacific economic review. all of this comes as he's urging nbc's ron allen has the latest. >> president obama spent a lot of time during his administration focused the asia-pacific rim, so it's no surprise that his last foreign trip ends in peru with an economic summit with a lot of america's ally. he was asking about what donald trump's administration will mean around the world. he's saying not to assume the worst. >> wait until the administration's in place, it's actually putting its policies together, and then you can make your judgments. >> the president saying there's a big difference between campaigning and gorging. in this part of the world, the big issue, of course, is trade. he has said he's against the trans-pacific poum deal that the united states is trying to work out with many nations in this part of the world. the president-elect has said very aggressive things about china. to a transitional success of power. also we expect that the president might meet with russian leader vladimir putin, someone

look at the other side of the spectrum in the asia-pacific and you still have a number of indices, especially japan. we will dig deeper into japan and china later on. it started out with a very weak dollar story. that has obviously not flipped on its head across some currencies. the renminbi still on the rise against the dollar. others, the rupiah, hong kong dollar, gaining. everything else is falling against the greenback's. commodities, we are still seeing it fall. a rally across sovereign bonds continues. let me zero in on the topix index. we were supposed to be going for 13 straight days and we could still get that. two hours left in trade. any gainscapping out of japan. hopefully if you are along in japan you could get that longest gain since 2009. seem like that will be the case because this market has been brought up quite substantially since thie election. delsey: david ingles, thanks very much. later in the show, consolidation in asia is highly competitive wealth industry. we're back to our pop-up studio in singapore, and we are talking with dbs. angie: opec's meeting tomorrow. we wi

what is happening in the asia-pacific today. tuesday afternoon, the session for asian markets are all looking pretty positive. yes trillion share market closing up by 1.2%. good movement from energy players in the region. new zealand did close it session lower right 0.5%. hong kong in late trade is up 1.5% on what has been led by the game with these energy players. crude oil holding at three week -- at a three-week high. the shanghai composite is back up to its 10 month highs. oneave also seen a stronger against the cosby. the nikkei higher for a ninth consecutive session. topix is now in bull market territory. a little bit of strength in the yen earlier in the session on the back of the earthquake in fukushima but it has pared back so japanese equities are looking a little bit longer. weaker,hore renminbi is this is despite the pboc increasing the yuan for the first time in 13 sessions. we will be live from london at the top of the hour. this is bloomberg. ♪ emily: this is bloomberg technology. trade and commerce delegates for

the asia-pacific summit was in peru. of policies touted by donald trump. south korea's president may be close to impeachment. havetion of lawmakers sided with the opposition and say it is time for her to step down. this comes after prosecutors say she did play a role in and influence peddling scandal. cyber

the president is there for the asia-pacific economic cooperation economic leaders meeting. she will discuss the future of the transpacific partnership. if the agreed upon but not yet ratified. president-elect donald trump has vowed to scrap the tpp. >> some intense moments for rescuers in eastern syria as they pull little girl from under the rubble. the fourth day of government airstrikes. the un says rebel groups there have been agreed in principle to the relief plan but syria and russia have not given it the green light. forty-six people were killed there alone on friday. >> hope francis appoint 17 new cardinals. here is video of the ceremony and the vatican city. they come from a variety of >> the official us capitol christmas tree making a stop in denver on its way to washington dc. >> the 60th annual denver christkindl market is now open a skyline park. while you two were the european christmas village, you can enjoy some beer, warm spiced wine, sausage and more. the market will stay open through december 23. >> tonight, the story of a little pine tree that grew up to

he met with the president of china yesterday afternoon on the sidelines of the asia-pacific economic summit in peru. it's expected to be the last time the two meet before mister obama leaves office in january. he also addressed a younger crowd at an event in lima -- saying president-elect donald trump's new administration may not be as opposed to some feared. "there are going to be tensions that arise, probably around trade more than anything else, because the president-elect donald trump campaigned on looking at every trade policy and potentially reversing some of those working, i think they'll actually determine that it's both good for the united states and our trading partners." the president is expected to be back in washington, d-c sometime today. pope francis appoints 17 new cardinals-- many with a background in humanitarian work. two of the new cardinals are from the us. dressed in red robes, the cardinals were honored by the pope with the traditional three cornered hat that symbolizes their commitment to the catholic church. pope francis called for the new cardina to affect t

this is the big thing that america is doing in the asia-pacific. very greatly. if trump wins, asia may face the biggest threat after mexico. he is bound to label china a currency manipulator from day one. >> it would be very damaging if donald trump one. -- won. >> about a third of these will come from the u.s.. on the other hand, a clinton pushy -- presidency could asian companies to the edge. showsn's voting record that she leans in favor of losing international trade. including deals with australia and singapore. trade between them has jumped 57% in the last 20 years. the future could be very different between the two residential candidates. bloomberg news. else's joining the japanese casino base. we are going live to tokyo after this. this is bloomberg. ♪ ♪ ,etty: this is "daybreak asia" i'm betty in new york. yvonne: i am yvonne man and hong kong. >> we're looking for the ramifications for asia from a clinton or trump presidency. what next for this. we are speaking exclusively to japan. that is happening during the show as well. we are finally

. >>> president obama is in the asia to participate in the -- peru, to participate in the asia pacificeement. the feasibility study into the free trade area of the asia pacific have been ordered up as a summit in beijing two years ago, this is his final stop overseas before he leaves office if january. >>> president-elect donald trump is in north jersey this weekend meeting with more potential candidates to fill the key cabinets positions in his administration. this all comes as he agrees to a settlement with the university that bears his name. abc's maggie ruly has more on the report. >> reporter: donald trump abruptly settled all three fraud lawsuits against the defunct trump university for $25 million for 6,000 students with no admission of wrong doing. before being elected trump vowed he would never settle the lawsuit. >> he was willing to put his personal beliefs a side and focus on the issues that are facing the country. >> reporter: president-elect trump busy with the transition team jeff sessions as attorney general. retired general michael flynn as national security advisor. s

the asia-pacific summit was in peru.mericat obama said must resist isolation of policies touted by donald trump. south korea's president may be close to impeachment. havetion of lawmakers sided with the opposition and say it is time for her to step down. this comes after prosecutors say she did play a role in and influence peddling scandal. security giant semantic is buying last lock. byt lock was being pursued some other companies. their shares are up 25% this year giving an market value of almost $2 billion. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 160 countries. this is bloomberg. a quick look at the markets. afternoon trading eating underway in hong kong and china where we are seeing hong kong up. shanghai is pacing its offshore peers. , heading for a bull market. ♪ emily: this is "the best of bloomberg technology," lori bring you the -- where we bring you the best of our interviews in the world of tech. mark zuckerberg strikes back at critics who said the social the

on the: we will focus asia-pacific in a moment. ♪ rishaad: you are back with "daybreak asia".through from china on their view of hong kong. haidi: requirements when it comes to the oath required for hong kong lawmakers. also saying china is determined to oppose hong kong dependence. strong words from the official news agency of the mainland. rishaad: at the top of the hour, we have a statement. more details of beijing that stage. haidi: let's get a quick check of the latest business flash headlines. for could be a record year a global downturn in swiss watch sales. double-digit growth in every market. for a global downturn in swiss watch sales. that: sides with the 15-month decline for the industry. hong kong and saudi arabia suffering the worst slums. we are totally contrary to the market. the market is down, and we are up double-digit, which is great because it means we are gaining market share, in market share is what we are going for. makee more interested to -- gain market share than turnover. of course if you can have both of the same time, it is great. japanese advertis

president obama spoke briefly with russian president vlad-imir putin today at the summit of asia-pacific leaders. this was the first meeting between the two since the u-s accused russia of trying to interfere with the election. the 4-minute conversation ended with a handshake. still ahead on 10 news early morning... there are many great marriage proposals out there, but this firefighter found a way to propose to coming up on 10 news and c-b-s. starting at 8:00, kevin can wait, followed by man with a plan at 8:30. at 9:00, 2 broke girls. at 9:30, the odd couple. at 10:00, scorpion. then tune in to 10 news at 11. don't forget to stay up for the late show with stephen colbert and his guests michael weatherly and carrie fisher. don't forget, you can always take 10 news with you just download the 10 news app. it's a fast look at breaking news, weather and traffic - and get alerts so you won't miss a thing. search wtsp 10 news in the app for all you friendsgiving hosts, invite who you want, not who you must. serve a turkey, don't serve a turkey. bring classic flaky crescent rolls, or not so cl

let me talk about our allies in the asia-pacific region. generally, because of the rise of china and the north korean nuclear threat, the return of 19th and 20th century style geopolitics to that region, there is a clarity of thought about alliances in asia and about our alliances from asia that has generally made the alliances stronger over the past few years. but still, there are big questions, and over the last few months, some of the developments in the region, as andrew mentioned, have made things seem more acute. first, the good news, though. japan, our largest ally in the region, measured by defense , budget, or hosting of u.s. forces or gdp -- this year is introducing the highest defense budget in its postwar history. it pays over $4 billion in host nation support. the japan maritime self-defense courses are measured by budget or tonnage. [no audio] [inaudible] >> the light was on. thejapan, as i said when electronics failed us, has a navy now that by most measurements is larger -- with different kinds of firepower, of course -- but

. >>> happening now, president obama is in peru today appearing at the annual asia-pacific summit. last stop on a three-nation foreign tour. it is his last overseas trip as president. nbc's ran ron -- ron allen is in lima. what's on the president's agenda today? >> reporter: well, i think the short answer to that is that donald trump is on the agenda here. everyone in this part of the world, asia-pacific region, latin america, trying to understand what the election of donald trump means. of course, that's no surprise. here the big issue is trade. the president is here to meet with the leaders of 21 nations, that's apec. nations like russia, china, japan, south korea, philippines. the issue is the transpacific partnership deal that we've talked about in recent weeks that apparently is dead. remember, president obama, a lot of his approach to the world has been to focus american foreign policy toward asia and the pacific where he sees more potential for american opportunity for growth. donald trump seems against that. he is, in fact, against that. so leaders in this part of the world

has in asia pacific. e is high on the agenda since japan was the main part of the pivot to asia from obama, and the tpp trade pack which is in danger now. abe thinks he has a chance to convince and change donald trump's mind. >> optimistic. >> not a lot of people agree with him. by whew not start building for a fee afraid agreement and a bilateral trade agreement between the u.s. and japan, and also security, when donald trump talked about pulling forces out of japan, a huge presence in okinawa and other bases across japan. abe says let's make this a closer partnership going forward. don't do that. donald trump may be bringing a bigger pacific fleet presence to japan in the future. >> that bilateral possibility is more realist than the highly optimistic attempt to keep tpp on the table. investors watching oil prices closely ahead of the oil meeting. let's discuss that more. joining us is jason gammell from jeffries. thanks for joining us. is this the next big event risk in the marketplace, the opec meeting

sandy beaches, world war ii relics, and the most successful casino in the asia-pacific, if not the worldy-free stripmall. across the street, hong kong listed imperial pacific is building a permanent $550 million casino resort. >> it will be the most luxurious hotel in saipan for sure. from most mainland cities, saipan is a new choice for chinese high rollers wary of beijing's corruption crackdown. the vip story gets weaker in macau, it should pop up somewhere else, and that somewhere else in this case is saipan. the least,ing to say revenue from the makeshift casino with 16 vip tables already generates a reported per table daily revenue of $170,000. the is eight times that of grandest macau casinos. a vip bets totaled $13.5 billion in the first half of the year. industry veterans how that is possible. they see a cautionary tale in the dynasty casino on the next-door island, also american soil, that closed last year after u.s. authorities find it for violating anti-money-laundering rules. sources tell bloomberg is saying u.s. treasury unit is looking into the activities of imperial pacifi

the fastest growth around the world is coming from emerging markets, specifically asia pacific, china and india. we are stepping up governmental investment as well as spending within the space. in terms of opportunities, we anticipate educational technology or ed-tech, one of the fastest growing areas growing at 17% per year over the next four years. it will hit about $252 billion by the end of the decade. and to put it in perspective, despite the year-end which we live, only 2% of education around the world is actually digital. the second is kindergarten through secondary, which is the largest area of spending around the world. the third is publishing and content. and then the fourth is student housing and accommodation. >> so i just want to ask, i hear what you're saying in regards to a college degree earning more and their prospects are greater, et cetera, but doesn't that apply to my generation? like, 20 years ago when you were graduating and you were in university versus kids today, because in business today, i have a choice between hiring somebody who has a b.a. in social scienc

have a vital role to play in creating and sustaining a strong, enduring leadership role in the asia-pacific. so with that, let me take some questions and i'll start with darlene supperville, ap. >> thank you, mr. president. you've been telling world leaders this week that president-elect trump is unlikely to govern in the divisive way that he campaigned. i'm wondering how can you be so certain of that given that the first group of people he's chosen for top national security and law enforcement positions hold the same views he espoused as a candidate. second, to follow up on your meeting earlier today with president putin, did you discuss with him russia's alleged meddling in the u.s. election? are you concerned the kind of involvement we saw in this year's campaign will be the new normal going forward in future u.s. elections? >> well, that i have said to world leaders is the same thing i've said in a number of press conferences, which is the president-elect now has to put together a team and put forward specifics about how he intends to govern. he hasn't had a full opportunity to do that