popular around the asia-pacific region.ounts for millennial is in the region is what happens around them. take this tamilfilm. a what happens around them. take this tamil film. a great story emerging that indian movie fans are diversifying their interest from bollywood to south indian cinema. a consistent trend we saw in 2017. who are some of the biggest personalities here in the asia—pacific region? i pale in comparison. i only have 360,000 followers. but who are the biggest characters? that is very impressive. i will tell you a few people beat you to it this year. indian and indonesian personalities trumped eve ryo ne indonesian personalities trumped everyone else in asia—pacific. by minister modi and presidentjokowi had the most followers. that was twitter asia—pacific. a mixed finish on the markets. thank you so much for investing time with us. sport today is coming up next. the top stories this hour. saudi—led coalition air—strikes have resumed in yemen's capital, hours after houthi rebels killed the man who ruled the

have there been fewer incidents in the asia-pacific region? of course, the asia-pacific region?we saw is islamic state has lost its territory in syria and iraq. so, what are they going to do? is the loss of that territory going to inspire more attacks? is it not? will the loss the control centre wane? there are many different extremist groups. lone wolf attacks. mentally ill, like in australia that be the challenge is that those people are doing them for wired ranging regions. —— australia. doing them for wired ranging regions. -- australia. there have only been two major attacks in the philippines. one was in marawi, islamic state related, and another suicide bombing in malaysia. governance and intelligence agencies, either they work in close together to stop these attacks from happening? they are. they have done a good job. in malaysia we have seen, late in the summer, a lot of arrests of people who are going to do something on national day. you are seeing an increase in the ability of counterterrorism forces to crack down and try to detect these and stop them in advance. a gr

a recognized expert in the asia pacific region. i did not realize until preparing for this session, he is also a lieutenant colonel in the u.s. marine corps reserves, has spent 23 years in the marine conductedrves as he his career at the state department, the national security council, for the state of alaska and now for all of us at the u.s. senate. i want to invite senator sullivan to ask all of you -- and ask all of you to join me in welcoming him. [applause] nick.nk you, it's a pleasure to be back. i want to thank my wife julie. when you are the senator from alaska, you don't get home much. having her in town has been a treat for me. my staff, jason and liz, are also here. i had not been to aspen before in terms of this summer. nick mentioned we worked together. . worked for secretary rice when you get asked by condoleezza rice to swing by the conference she is cohosting, pre-much always say yes ma'am and salute and do that. she such an incredible, important figure for our country . i had a wonderful time at the event. bit of b

in asia-pacific market yet to try gains on wall street, u.s.quities breaking a losing streak as traders assess the tax cuts. from bloomberg global headquarters, i'm betty liu in new york where it is just after 6 p.m. nike stepping forward around the world, domestic sales have lost ground to rival adidas. eric schmidt will be stepping aside at google's parent alphabet. period of17 year long his senior leadership. ♪ betty: it seems like everybody is trying to ram and all the news before the christmas holidays. catalonia, google, and of course the spending bill passing the house. all of that and stocks today rose, breaking the today losing streak. we will quickly pull up the boards and show you how the u.s. markets ended today. the s&p 500 slightly higher, and nasdaq also trading a little bit to the upside, but fairly unchanged. investors trying to absorb what the impact is going to be from the tax reform package. yvonne: yes, just a moderate bounceback. we see some positives as we get closer to the christmas holiday. let's look at asia, said to t

news in circling china with missiles bombers warships all the way from a stranger through the pacific to asia and beyond. i mean if you were in beijing looking out stood on the tallest building in beijing and looked out of the pacific ocean you'd see american warships you'd see guam is about to sink because there's so many missiles pointed at china you look up the korean see american armaments pointing at china you'd see japan which is basically. japan's a glove over the american fist i think if i was chinese i'd have a little to worry about about american aggressiveness and we have china surrounded and we're doing more all the time to try and keep it surrounded in deep in that containment of china. but china presents a fascinating case of a country that is independent doesn't have foreign bases on its territory. growing very rapidly not as rapidly now as it did for thirty years but still the second ranking economy in the world we have an adversary and that adversary is china and that adversary unless there is dramatic reform inside china will be our enemy someday when miss. i think really th

when is the friendly relations korea enjoys with many countries in the asia-pacific region and beyond and a second one is focus on being able to translate korean technology into exports with those markets and working for areas where those can advance joint research and development, this really important, to be developed in a strategic complex to think about expending security cooperation beyond us korean relationships, thinking how us korean security cooperation can engage other partners that will be important, in current settings with regard to deterrence and potential settings with regard to carrying out operations, south china sea comes to mind in that regard that we have seen korea and the united states become more active in working to develop capabilities of partners in that area. the truth is a lot of those partners are not as sophisticated or well resourced and so they can't make good use of the kinds of technologies we are developing for our own military so there is work to be done in terms of developing capabilities tailored to less sophisticated militaries affordable to less

horizon what is on the for asia-pacific headlines -- airlines. "daybreak asia." i am betty liu in new york. david: i am david ingles in hong kong. airways have apologize to passengers after this tokyo bound flight had to return to a lay because someone was on the wrong lane. intolight was four hours its flight when the pilot decided to make a u-turn and turned back to l.a. of thesebout how a lot airlines are having a difficult year. we talk about turnaround plans, but this is something else. [laughter] betty: it turned out it was two brothers both headed to tokyo. one of them was supposed to be on a united airline flight to tokyo. this seems to be a star-studded flight. kristi keegan and her husband john legend were on the flight. she tweeted out this whole ordeal, eight hours of live tweets. question a very simple which is what i was asking -- why did they not continue to fly? they were both going to tokyo, what is the big deal? metaphor for the state of the airline industry and how people feel about the airline industry. david: it certainly does

about‘s chief financial officer for asia—pacific.other news and what could be australia's is ever takeover, the shopping at operator westfield has agreed to sell the group for $25 billion to a french group. an estimated 8640 stores shut their doors in america this year, and that is the highest number since the 2008 financial crisis. earlier, ispoke number since the 2008 financial crisis. earlier, i spoke to a retail technology expert and ask him if moores will be able to compete. there is definitely a struggle because the online is getting more and more penetration, however, i think this is not the apocalypse or the end of work and brick and mortar retail, we did not have the technology to do it and now we do and that is where we are heading. you were talking about transformation, why hasn't that mindset changed for asian shoppers to e—commerce? mindset changed for asian shoppers to e-commerce? i think it is not necessarily southeast asian or the west, i think it is eroding forces in the markets. i think it is really the penetration

the asia-pacific lower, led by this copper.missing estimates. biggest losing share, something by a record of $1.5 billion share sales. the best launch ever. aussie generally underwhelmed. ahead over the next 16 minutes or so, when you look at what is happening in the markets, a lack of risk appetite right here. you're looking ahead to the reserve bank of india. very interesting decision coming out from the central bank. it is one of the few times you have three possibilities all on the table, obviously in varying degrees. have a look at my bloomberg to set this up. eco-india is your function. this is your homepage, essentially. and what you're seeing. 6%. is what we are expecting roughly speaking. you have more than a couple. we might get a cut. it has a 25 basis point cut across some of the market here that is local time. . we are talking about previewing this, in fact,. -- he will be joining us in 30 minutes from now. he things they are going to hold. we will see. that is a sticking point. we are continuing to look at the yea

half a percentage point from the record of the asia-pacific index. at stronger-than-expected data out of japan, retail sales and industrial production beating economist estimates. curveattening bond yield which is the top stories as well. a bit later on today. the open is practically upon us. the market is up. let's see what the open is looking like. >> we have some pressure coming through from chinese stocks, the shanghai composite fighting for a second session. we see a mixed picture from the , sliding and small-cap about .2%. see the hang seng coming from a fourth day as the gauges resuming gains this thursday. maker --ck on liquor this after the company says it expects annual profit to double this year as compared to 2016. raising prices for the signature drink for the first time in five years. it will boost revenue by 10% in 2018. a quick check on the copper producers. ground next year. the copper is writing that wave higher. take a look at the breakdown. we do have consumer discretionary stocks. recovering from yesterday's optical as well. also

to create a country respecting human rights and abiding by the ine of law and support piece the asia-pacific region. walked as aan has peaceloving nation will not change in the future and contribute to the peace and prosperity of the world more than ever before. in our meeting today, we have condemned in the strongest term that acts of provocation by north korea in violation of relevant u.n. resolutions. we months again made it clear -- we once again made it clear the international community will never accept a nuclear armed north korea. i call on member states to implement the relevant security council resolutions and maximize national pressure on north korea in order to realize a denuclearize korean peninsula. this month, japan will leave the security council. however, we will continue to cooperate closely with the remaining and incoming members, as well as non-security council members so that the north korean issue will be properly addressed in the council. i resume my function as a president to counsel. the representative of republic of korea has asked for the floor to make a further sta

all markets being opened today in the asia-pacific.are watching closely 90 minutes from now, the latest read on industrial profits in china. normally we do not talk about this, but it has seen quite a comeback. the bottom of this chart is since -- consumer price inflation. a lot of these industrials clock in a decent 2017. betty: that has implications for how economists and analysts are viewing not just the growth story in china, but the debt story. one of the biggest risk here in china is the rise of corporate debt. if we continue to see those numbers go up, it might alleviate those concerns. we will watch those numbers. but let's get the first word news with jessica summers. jessica: bitcoin bounced back, surging re-fleet passed $16,000. traders had to draw a line under a five day slump. renewed warnings from financial authorities about risk in digital coin. israel's companies treating with bitcoin. they are bracing for bitcoin exchanged fail. a contrarian bull who forecasted the yuan's rise of this year said the climb has further to

them as ci asia-pacific index is in the green, but that masks underlying weakness in the tech stocksecause of the u.s. people having time to digest the tax reform passed by the senate late friday and finding some unpleasant surprises, and that fed into u.s. markets yesterday. at the s&p 500. a roller coaster ride relatively speaking. it was up, then down, down by .1%. fang down 2.1%, the biggest tech stocks. 10 year yields ticking up stillly, so that thesis intact. bloomberg dollar index sliding. let's look at the region. we did have some big middle east news. ae markets have not had formerto react to the yemeni president's killing. there was a hope that qatar might see some developments when it comes to the blockade issue. meanwhile, take a look at turkey. despite index up 1.6% the highest inflation data we have seen since 2003. than expected, but a lot of people think that will put more pressure on the turkish central bank. meanwhile, brent crude picking up. today is a good day to test whether a risk premium is still in bedded in the price of oil. let's get over to debra mao for th

the bond market and currency markets as well very much in focus in the asia-pacific. look at the markets on wednesday here. more from bloomberg technology next. ♪ ♪ emily: i'm emily chang and this is bloomberg technology. amazon hits several milestones in 2017, including its share price, over $1000. the stock is up 54% for the year. the company could be on track to becoming the first u.s. retailer to sell $1 trillion worth of by 2025.and services this according to the latest report from bloomberg intelligence. joining us now is the analyst who wrote the report, jitendra by 2025. waral, and still with us is michael wolf. jitendra, $1 trillion, why? jitendra: you look at the markets of that amazon can realistically target globally excluding china, the size is about $7.1 trillion today. point i wouldce give you is the empire state building was the market amazon could target, amazon today is on the third floor. what you are going to end up seeing is that amazon will expand prime, increased consumer penetration and the video strategy they have, they will conquer a bigger p

north korean regime to our allies in the republic of korea, to our friends and partners in the asia-pacific region, to u.s. and south korean interests, and potentially to the u.s. homeland. there 23000 u.s. personnel serving in south korea providing the strongest possible evidence of u.s. commitment to the security of our korean allies in these unsettled times. much of the focus in current attention has been on recent provocations, the commitment to the u.s. alliance with the republic of korea is deep and sustained. is focused on addressing today's concerns and the long-term needs of the alliance. one of the strongest ways to continue to strengthen our sustained partnership is to the pursuit of common goals in technology development and through bilateral research and woman cooperation. today's defense landscape is shaped by the preparation of an increasingly sophisticated military capabilities. by the convergence of a leading-edge technology driving commercial capabilities with those driving emerging defense capabilities. by the technical expertise and manufacturing capability. this has int

it's taking 50 wide-body jets that have surging demand from airlines in the asia-pacific. ies offer the best return. he is looking at planes with broad market recognition. they already have 89 planes and count their china, air asia, and ana, among its customers. rivals state-backed imax aims to become the number one big-screen player on the mainland. china film digital says it has a government mandate to become the largest premium screen brand in china and it's confident that will happen by 2019. the chairman says the priority is growth, not profitability. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney collins. this is bloomberg. david: thank you. let's turn our attention to bitcoin. it has been one of the stories in the latter part of this year. it's declined below $14,000 at the moment. is considering potential closure of some of these exchanges to slow down this speculation bubble. ramy inocencio has the bloomberg charts that we need to know. ramy: taking a look at bitcoin as well as bitcoin future

focusing on the asia-pacific and in many ways much more important than the military presence. if we can start turning that around using new instruments of power that could help us with our allies in asia. the president is putting together a team you may have seen the last trip between u.s. japan and australia and india which was a start -- smart strategic move i think we need to look at perhaps a much stronger trilateral security arrangement. so in that area and with those opportunities with the traditional goal of allies working much more closely together with our common interest pushing back against those hegemonic aspirations. these have positive aspects but the negatives are europe that continues to be skepticism. with regard to the paris climate accord with strategic communications this means discipline and by definition strategic and we need to do a better job. congress can play an important role which brings me to my third and final point. in terms of setting united states for continued global leadership we have to get back to the difficult work of better executive legis

the congressman is a german of the subcommittee on asia and the pacific. talking about north korea this morning as folks are calling in. the idea of a military strike against north korea, in your mind, is that something that is possible, is that a nonstarter? we have had people talk about what the reaction would be from north korea, the number of south koreans that could die, not just from any sort of nuclear attack, but from conventional arms as well. where are you on that? guest: all options are on the table, and they have to be, to play a strong hand, to get people to come to the diplomacy table. nobody wants war. i was born in 1955. it seems like we have been in war or some form of it since i was born. through sanctions and the international community, bringing an end to the development of the nuclear weapons on the korean peninsula, that is our best option, to bring the pressure on the kim regime, so they come to the table, so we can have a diplomatic solution to this without war. host: the president recently on his trip overseas to asia, was that suc

and focus on the asia-pacific, a strong u.s. economy in many ways is much more important than our military presence out the there... sclooep to me was a very smart strategic move that hopefully we can deepen. i even think we need to look at perhaps a much stronger trilateral security arrangement between korea, japan and the united states which is a lot of potential. so in that area, and i also think despite some news last week in the middle east with regard to the opportunities with our alliances, we have an opportunity with regard, particularly are typical arab allies and is in working much, much closer together because we all see and view our common interest, particularly with regard to pushing back against the hegemonic aspirations and terrorist activities of iran. so these are areas where i think in terms of allies there are some positive things happening. the negatives, europe. there continues to be a lot of skepticism of this administration, particularly i think a lot of it is driven by what happened with regard to the par

our asia-pacific transport analyst for bloomberg in singapore. southeast asia's answer to uber and its outlook. this is bloomberg. ♪ ♪ is facing growing competition from grab and uber in southeast asia, but the ceo is not concerned and says softbank investment in uber does not matter. he spoke with bloomberg in jakarta. mostthink it is one of the epic and innovating battles in southeast asia. they are incredibly, both incredible companies, to compete with. it is an honor to compete with them in the space of ride hailing and the largest regional juggernaut with the most funding, it is an incredible challenge for go-jek and a big itson why go-jek got where is today is because we have been pushed to our limit and have had to hyper innovate and came out on top in indonesia as result of that competition and the urge to innovate. mentioned they are encroaching on market share and services you are providing. does go-jek itself changes strategy? >> know, our strategy was designed to be resilient against giants. ,ur entire product strategy entire competit

that is taking your msci asia-pacific little bit lower.peaking of copper, it had its worst day in more than two years. this prospect of slower demand in china, dollar gains, and a rise pushed the metals down by three dollars a pound threshold. mark reynolds yield -- mark gran cranfield joins us. the phd of metals. and it isicked off, spreading. it is a little bit like a malware. mark: indeed. what we saw yesterday was people started worrying about the inventories building up in china. that is usually a negative sign. there was a survey about people talking about infrastructure spending that will be reduced quite a bit to what we have seen this year. that would affect the traditional industries that we see that he is copper, and now also, there is a very good gadfly which highlights a technical point about processing fees. there has been a lack of agreement on those pure that is undermining copper as well. all those things come together. copper has turned very negative, starting to affect other metals and other parts of the commodity comple

that is the state of markets in asia pacific this friday. manus: thank you. the u.s.enate has suspended votes on its tax bill after the collapse on a key compromise to win a majority. republicans are scrambling to salvage the legislation. mcconnell said voting would resume at 11:00 a.m. in washington. schneider has been tracking this bill and all of its nuances. what needs to happen to get republican leaders to get the bill over the finishing line in the senate? five people seem to be holding back. that's right. they need 50 votes. they need them all to come from republicans because note democrats will vote for this bill. they got senator john mccain on board. they lost some ground when a deal that they hope would bring on people concerned about the deficit fell apart when a senate rulemaking body decided they could not go that route. they could not do the trigger, which would allow tax cuts to be rescinded. they could not go that way. now, a trio of senators including senator jeff flake who is retiring who are concerned about the deficit say they are not sure they ar

msci asia-pacific there as well.are waiting for clues from a host of central banks to wear policies going to shift. those low as we wait for news to come through. aren't expected to move very far very quickly today. first day of the two-day meeting of the fed will hold. stocksght we saw u.s. touching new highs. technology and media stocks in the front line there. the commodities sector very interesting because we saw goldman sachs talking about this. they are talking about qualities over goldman's. energy will raise driven by oil. also, bitcoin is not taking demand away from gold. that is fascinating. in fact, we saw a big volume as bitcoin came to wall street in the form of cbo he futures -- cboe futures. take a look at the futures, i've got a pair. 3818 on the bloomberg. the top panel shows you the futures price. it's come down. 18,600.oint touching here you can see 70,720. the underlined price of bitcoin has come down about 5% this morning. 15,000 plus for bitcoin. at the bottom panel you see volume. we have had l

the asia-pacific .howing strong gains mscie is looking at the index, close to the november record high. weep?e are will we not pointed out in november we did see these record highs when it comes to the close for the msci index. on this chart. we are not seeing much in the way of equity markets gaining ground this morning. we have the taiex and the coffee higher.y text -- kospi sony optical is the best performer on the hang seng and i want to highlight the bank in jakarta, extending gains. the stock raised to equal weight at morgan stanley. in on shanghai, a stronger profit outlook and it june 2015 hi in hong kong. hyundai rising after its record plunge but on course for a slump this month. losses of nearly 39% this december. let's check in on chinese carmakers, they are broadly climbing. the top shareholder of bubble a be, earlier jumped nearly 9% after being raised to outperform at credit suisse. byd set for the first drop in three days. the time when he's dollar trading at the strongest level since the summer of 2014 -- the taiwanese dollar trading at the strongest level since the su

why have there been fewer incidents in the asia—pacific region?y in syria and iraq. so, what are they going to do? is the loss of that territory going to inspire more attacks? is it not? will the loss the control centre wane? there are many different extremist groups. lone wolf attacks. mentally ill, like in australia. for wired ranging regions. —— wide—ranging. a grim statistic from the conflict in yemen. cholera cases in yemen has reached one million. supplies of clean water, food, and basic healthca re. distressing. and beyond despair. he's just one of yemen's starving children. other infants suffering just like him. reached the capital. abdillahi's motherjamilla sits helpless at his side. she's already lost two other children to hunger. she tells me he's all she has to live for. translation: my husband's salary used to provide for us. it would run out at the end of the month, but he would get paid. everything was ok. now, all we eat is bread and tea. now in its third year. from birth, it's a struggle to survive. given his first proper meal in

i think that is what we also see with many of our asia pacific trade partners. finish by highlighting the 10 steps i think we should consider as we look forward in how to take the trade agenda forward in a constructive way. i completely agree with senator sullivan's point of view that this is a holistic picture. it is not just about trade but about regulation, tax reform, and growth. fact, as i posit in my paper, i have to believe that a couple growthters, 4% economic will go a long way towards ameliorating the tensions in the trade debate. thatcally, incidentally, kind of growth will balloon our trade deficit but will at the same time treat the dissatisfaction in the public that has produced this poisonous political environment. very quickly, my 10 priorities for the trade debate. first, the two. we have to pick the right -- the who. we have to pick the right partners. to tie together a handful of countries. but in the course of that, we brought parties in that don't support free trade. second, we should pursue trade mercantilistth partners but it should be on

fundamentally failed to change the economic model that does not work for the united states in the asia-pacificon. the international trade commission did the exhaustive analysis of every free-trade agreement to understand the consequences of those that were impacting the flow of that asian-pacific region was negligible. with that independent body government agency, found a net loss in manufacturing employment in the united states as a consequence of tpp. but mike knows my heart lung -- hobbyhorse of currency manipulation this is used around the world today. currency manipulation is a simple supply and demand. if you have currency poured into the global marketplace and you put it in the reserve supply and demand there is more currency out there and a lot less so it is worth more. very simplistic within oversimplistic explanation but an automobile that cost 30,000 dollars a 25% manipulation is probably 400% of the product margin. you cannot produce when the japanese government is intervening as it has done 170 times. not in the last three or four years to have domestic consumption with massive qu

there is a context within the russian and united states presidents on the sidelines of the asia-pacific summit in vietnam, in a joint statement of syria that our countries need each other. coordinating their efforts to defeat isis and achieve a stable political settlement in syria. we are united in necessity to address the challenge of nonproliferation of weapons of mass distraction. the fact we have not reduced our efforts to resolve the iranian nuclear program and to destroy chemical weapons despite our strong disagreements over the ukrainian crisis speaks volumes. developments surrounding north korean nuclear program are quite serious. in this regard i would like to emphasize that russia, as well as the united states does not accept the nuclear state of north korea. we have consistently advocated the denuclearization of the korean peninsula, but this issue can only be settled through a negotiated solution by diplomatic means. it would be inadvisable to test the strength of the north korean leadership and provoke a rash countermeasure. russia is committed to the joint comprehensive pl

one other thing to note, two trading days left in the asia-pacific.out 1/3 of 1% short of the record high. do we get there? it has not been a stellar year for equities. i'm david ingles in hong kong. more from "bloomberg technology" next. ♪ cory: welcome to "bloomberg technology." i'm cory johnson. ripple breaking out of bitcoin's shadow. it is the leading cryptocurrency of the entire year. brad garlinghouse, ceo of ripple, joins me now from new york. always a pleasure to talk to you, and i have said that for years. i didn't have any idea ripple was going to become the kind of thing that it has become here. it's interesting to me, because you're are so focused on having a functioning business built around blockchain, which you have also -- but you also have this big, honking, valuable currency that you guys have a lot of. brad: as some of your earlier participants said, there is a lot of you, and i have said that for years. hype in this space. but there's a lot of reality. ripple has been very focused on how do we create you -- real utility and solve

familiar names at the end, new york, paris and sydney here in the asia—pacific. in terms of employee numbers, 100 employees in hong kong equates to about 300 in toronto, 500 in madrid, and 900 in mumbai. here in singapore, we may do a little mental calculation, the numbers add up. maybe even not enough space to sit. thank you so much. well, the indian city of hyderabad has been in the spotlight, where the us president's daughter, ivanka trump, made her debut in the world stage. along with 1500 delegates, ivanka called for getting more women into the workforce as a way to improve economic growth. but how bad is the problem? our correspondent went to find out. this 35—year—old woman is a software engineer, and loves her job. but, a few years ago, she was ready tojoin 19 million job. but, a few years ago, she was ready to join 19 million women living in india who are educated, but choose not to work. previously i said that, the thought of quitting thejob, said that, the thought of quitting the job, because of this hectic traffic. according to one study, just 27% of

asia-pacific markets signal of next start -- a mixed start.conference he is no fan of bitcoin. he says it appeals to criminals, and the surge is speculative mania. betty: it is just after 7:00 p.m. in new york. toshiba ending a dispute with western digital. they will abandon a lawsuit and invest in future chips. in alabama, a vote that is too close to call. we will be live in montgomery, alabama in a few moments. ♪ we have more breaking news coming through on bloomberg, with westfield shares just starting trade in australia. we are seeing a pop of 15%. we will bring up shares. the biggest gain we have seen in three years for westfield after the takeover of unibuy. seen inf m&a we have the retail sector. betty: driven by the online realty rent -- online retail rate. amazon behind the struggle we have seen with mall operators, and in contention here with m&a for the u.s. let's get to first word news with jessica summers. secretary of state rex tillerson says the u.s. is prepared to negotiate with north korea without preconditions. he says kim jo

market in asia pacific. you get economic data.he painting and where will it fit into all that? we have been discussing that and more. this is bloomberg. ♪ is the long-delayed resort in the obama -- bahamas. they claim fake bills. than $2 billion. >> it is a massive resort that has been built from the bahamas. >> the company suing here is the baja bml. that is the original developer. unit of china state constructions. construction engineering has previously defended itself against some of these complaints. china state construction engineering has it previously it was mismanaging things. around 2005 when the idea came up. and when the crisis struck, these guys are the chinese that step forward. it was a chinese construction giant. they kind of got along with those problems. it was up and running, i'm assuming? properly? the localread media reports, the tourism minister says that the occupancy rate was so low. they were talking about 25% in the resort itself was saying that the numbers are higher than that and the outlook for 2018 is

guest,s return to our head of asia-pacific here.d rigs in the middle of the week. how steep the path will be. what is your view? >> we think that will be two to three rate hikes this year,, essentially a normalization of race which has also indicated the fed is much more comfortable with how the economy is doing. we are very comfortable with the type of rate hikes we are forecasting. we don't think it is sharp or steep and it is in line with what is happening in the economy. bondu look at what the markets are saying. words, not more than two. has aetna happening? >> i think there are more technical factors going on. >> we will see rate hikes move to where we mentioned. would be the early indications of inflation? what are the early signs that might be a problem? think significant wage growth is something we have to watch out for. it is getting much tighter than the u.s.. oil prices may be a contributor as well. however, we still believe oil prices will significantly rise and wage growth will start digging in. i think there's a much

let's bring in the senior market analyst for the asia-pacific. is very complacent. if you look at where the dot p l lots -- if you look at where are, there is a big difference. the market is taking this too lightly. hugee also about to see a tax cut in the united states at the top of the economic cycle, which may put more fuel on the fire. it is not being priced in at all at the moment. beingople ultimately complacent about inflation itself? jeff: yes, i do. they are definitely being complacent about the potential pace of rate hikes next year. what people are not looking at, out of the four major developed central banks, the bank of japan will be quantitatively easing by the next -- at the end of next year. it will with straw liquidity from the market by the end of next year. for follows a general trend central banks to start pulling the trigger on this sort of thing. it is being ignored, to be honest. rishaad: this is just it. is inflation something people are overly concerned about, ultimately? is it really something which should be paid attent

asia-pacific markets said to build on the gains on wall street.&p set a new record ahead of the fed. oil at its highest for 2.5 years. brent jumped as they shut down a key north pipeline. betty: i am betty liu in new york, where it is after 7:00 p.m. on this monday evening. euphoria, but also growing doubts. small volume shows it is still baby steps for bitcoin. hydrogen, traditional combustion. where the auto industry is going. yvonne: just taking a break from bitcoin before we get to it later on. one big thing happening of course is the fed meeting kicking off on tuesday for you guys. it will be big. a watershed moment. the last potential rate hike from janet yellen before she steps down. the first year where the fed delivers on its dot plot of three rate hikes a year. their previous forecast was the start of the year. the big question is what's going to happen to the dollar in light of what we are going to see in 2018? g #btv 3923. if you look at the previous fed tightening cycles in 1994 and 2004, as rates start to rise, we did see the dollar

the audience in the asia-pacific who might not be too familiar with the intricacies of what is cominghelp us to understand the math and whether it is likely we see a shutdown. >> it does not seem likely to me. the bill thathat funds the functions of the government expires friday. they have to pass a new bill. they need to do the full fiscal year funding, but what they will try to do this week's do a 1-4 is do a 1-4 week thistemporary bill to tied over. neither democrats or republicans believe there is a huge advantage to shutting down government while they argue about what they would do. so most likely they will pass this two-week or so extension that hase only reason not happen historically is that one side or the other strongly once a government shutdown. , in happened only twice 1995 and 2013. seen real have not evidence that either side wants a shutdown, so probably they will keep it going. david: jonathan, we have to leave it there. we are out of time. thank you for coming on the program. training is there live from the nine states. twitter reveals how far the kremlin went in its

asia had sub gauge for more than a 20% weighting for the msci pacific index. this year. that is one of the main reasons with companies like tencent and having and samsung really good years this year. in the background as well there are other things going on. valuations for asian stocks. grade earnings. and global economic growth. well?d: japan, as blackrock. the recommendations going into next year. more of the same? what are the dynamics? off a littleted slow at the start of the year and then it took off in the second half. for the most part, it has to do with cheap valuations and blackrock is expecting stronger corporate earnings next year also. i would say those are the two main reasons for that. which cameso nomura out saying it expects a strong rally for japanese stocks citing the same reasons. rishaad: sticking with china. where at -- where has it in in all of this? shanghai composite. it has been a relative underperformer this year. big capital slides. china is an interesting market. this year and the year before and i think it will continue to be that

around the world africa comes out worse than seven point six people per thousand is followed by the asia pacific region with central asia and europe in third according to a report by the u.s. state department france itself has become a key human trafficking it lists the country as a destination and transit point for men women and children subjected to forced labor and sex trafficking we asked the vice president of the libyan presidential council for his views on the plan for military action. we. are going to be out but no. we cannot accept anything. to be done with the prison libyan libyans would be the one who'll do it. with the help of the lord to come up. with way to help them we're going to do the right investment on that country for you know libya is not the country for you know democratic libya is a country of iran we as a libyan have already invest in africa and we want to see anybody local they were going to be first but their country of origin and to help this immigrant to stay with their loved ones would get from. the thirty two nations competing in the fifo world cup in russia next su

head of asia-pacific financial markets research. still, more ahead on daybreak asia. across the region -- let's have a look at markets trading across the region right now. tokyo is the scene. we have not seen risk appetite come back and a big way. dollar-yen on the stronger side of that over the last 24 hours or so, betty. betty: over in sydney, we are watching the asx 200, just down about .1%, and we saw the retail sales numbers coming in a bit better than what economists had from october..5% we are watching the rba decision in a few hours. no expectation there, david, on any movement in rates for the rba. looks at seoul, what is happening is sam some on the way down. that is pulling everything down with it. down as much as 1.8%. we are coming off lows. a lot of pressure on the south korean market. asia, a look at what is coming up. bloomberg markets and rish is here with what we are watching. rishaad: brexit, last-minute fall part of those talks taking place, this affects northern ireland and the border they have with the republic, partly refundable. markets, a late

the msci asia-pacific no laggard.ere that index gained every single month of the year. stocks,er, hong kong the index outperforming a strong year for global equities. this is the chart that illustrates this. for all the talk of the trump reflation trade, record highs stocks, the s&p comes in third, and there is the hang seng with again annually of 35%. down to tencent, one stock, 20% of hong kong's benchmark index. that share price doubled in price and has given an entry into the $500 billion markets are you, joining facebook, becoming the first chinese technology company to do so, beating out alibaba. a huge year for tencent. analysts saying some of the year's best performers are worth holding onto. rishaad: where do we go next? can you put in another stellar year like that? are you prepared for gains, but not the same magnitude as we have seen this year? last time a check, the hang seng was up 26%. fore,ng markets of the a rotation in stock strategies as we move from growth to value. movement further into the emergi

asia-pacific markets start the last month of the year in positive moves. stock are supported by tax optimism. new highs on wall street. brothers in arms. saudi arabia and russia stand together as opec extends the curve to american shale producers. keeping in contact, linkedin has big plans for asia. we are going to set the challengers and the rivals. we are heading into the end of the trading week here in asia, and we do have a really supportive lead from wall street as we had the dow passing 24,000. the s&p seeing its longest streak, monthly gains up by about a decade. we are going to get a potentially before christmas. we have over the last half hour or so had the announcement of suspension until 11:00 a.m. friday morning in washington. the key compromise has collapsed and is scrambling to salvage that. buoyancyeing the passed through to the asian session. couple of key numbers when it comes to the agenda today. japanese inflation edging slightly higher, but surging still half of that target. we saw south korean inflation falling more than expected. the

as i look forward it the markets in the asia-pacific, lots of dimension.ot of decisions coming up, rba, r.b.i., throwing the central bank of brazil into the mix. the earliest indication, some downside coming through in the top 50 in new zealand, also some weakness in the kiwi currency. have a look at the yield in sydney, iron ore is in the mix, that is a contract in singapore, 6.5% to the upside. rio tinto we will flesh out for you in a moment. not the most exciting open. yields in the asia-pacific, there is your tenure for strategic -- for australia and looking ahead to japan, where euro yen and dollar yen, 112-77. you will want to watch the november highs. the k is trending higher, a lot of that comes down to the japanese currency. it will be a very busy next few hours for markets in the asia-pacific. ramy: you bet. we will look ahead to that. meantime, let's get the first word news. haslinda: good morning. rio tinto has named a mining veteran simon thompson as its new chairman. he has been a real director simply 14 -- been a director since 2014. -- the

a lot of data in the asia-pacific. and friday on top of everything you see on the screen we might just be getting the new credit data out of china as well. we are looking ahead to boj and midweek we have the fed coming out with what is likely the most anticipated or telegraphed rate hike in the history of monetary policy. betty: it is the worst kept secret. david, thank you. we are looking ahead to the fed and friday. ankan surveyboj t coming out. the yen forecast is one to watch. where expecting improvement when it comes to manufacturing and nonmanufacturing outlook, but the dollar-yen outlook will be interesting because we tend to see japanese companies take a conservative approach when it comes to the yen forecast. 2016 obviously was an exception, but we do see the divergence at the start of 2017 which is why we see such strong earnings this year. now that we see the yen has y forecasts areanie slowly catching up. it raises the big question, whether we will see an upside surprise and corporate profits in 2018 as we