trade with is growing and the korean peninsula is a door to the asia pacific region as a whole if peace prevails here russia will be able to have economically beneficial relations not only with the west but also with the asia pacific. economic. well we touched on this before the interview with all the sanctions between russia and the west and the latest u.s. and european sanctions against russia is turning east but look at this forum for instance a clear reproves that russia is seriously about this pivot to say will benefit from that i don't know maybe by taking this vacated by western partners or russia. i'm very happy that russia is paying closer attention to the east including korea korea used to be russia's partners we cooperated see as well it would be nice to be a build all that but we definitely need to bolster our ties i very much hope we will meet many times in the future here and at the eastern economic forum that russian made possible in ten years i think russia will be a true asian country not only in the jungle africa's sense yes but also economically that is why i think. t

i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because a lot civilizational our history and their size so their objectives are really modest compared with their capacity. the wealth for new wealth in china often so this is this is the product of so for entrepreneur skill but is it not also the product of the exploitation of people at the bottom what are known in china as migrants but they're not really migrants. if you really. go to talk to these my women work yes you will find quite surprisingly. over the past five to seventy years they have experienced. greater increase there in the social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the new china. here it's not uncommon for three families to share one tiny flat. you know you would get a socialist country wheezy quality but i'm fortunately things the reform has started china has become one of the most unequal societies in the words the income gap is widening

russia wants to cooperate with the asia pacific since that is the center of global economic growth the far east and north korea will be the engine of economic growth in the twenty first century russia's trade with ozzy on is growing north and the korean peninsula is the door to the asia pacific region as a whole if peace prevails here russia will be able to have economically beneficial relations not only with the west but also with the asia pacific. economic you. touched on this before the interview with the sanctions within russia and the west and the latest u.s. and european sanctions against russia is turning east look at this forum for instance a clear reproves that russia is seriously about. to say will benefit from that i don't know maybe a taking this vacated by western partners or russia. i'm very happy that russia is paying closer attention to the east including korea korea used to be russia's partners we cooperated see as well it would be nice to rebuild all that but we definitely needs both starts. i very much hope that we will meet many times in the future here and at the e

the msci asia-pacific index on the brink of bigger market. ming up, jacques van den broek joins us of randstad for his first interview of the day. let's check in on the markets in asia with juliette saly in singapore. juliette: as you said, we are on the brink of a bear market on the msci asia-pacific index. widespread selling right across all these indices in asia, led by a significant weakness in japan's nikkei index on the south korean kospi. you have the yen higher, u.s. treasuries and gold all moving higher. chinese shares snapped their two-day rally on what was suspected state-based buying. let's have a look at some of the stocks. china mobile in the hong kong session under pressure. it ought that its third-quarter earnings were actually worse -- thought that its third-quarter earnings were actually worse than its -- lexil group down by 16%. scope has -- help anotherope has received takeover offer and has seen its share price rise by 20%. manus? manus: juliette, thank you very much. juliette saly with the very latest on the markets. toda

a punishing session in asia, the msci asia-pacific index falling deeper to bear territory. kkei closed lower 3.7%. you could call it a bloodbath in asia. red across the board. asianllion wiped from equity markets in 2018, by the way. will the euro catch a bid before the ecb meeting? we are up 0.2% right now, 1.14, not expecting much from the ecb, but still in focus. a little dollar weakness in the session, although it is near the highest since may 2017. oil resuming a slide, down 0.6%. risk off sentiment perhaps in this session. futures point lower in europe. the s&p and dow wiped out there gains for the year in terms of stocks. the nasdaq in correction yesterday with tech stocks leading the losses. will we see the same in europe? the ftse 100 opens without a lot of momentum, but starting to pick up losses, down 0.3%. picking up that negative momentum. we will wait for others benchmarks to come through. we see losses on the stoxx 600 today, if we do, that would be the seventh day of losses for european equities. for u.s. equities, october the worst months since 2009 so far.

international aid agencies to get through and for more let's bring in now martin feller he is asia pacific deputy director of the international red cross and his joining us from quality poor martin what more can you tell us about the rescue effort right now. clearly air rescue efforts are growing. feet. there are so teams government teams on the military in their teams who are the cause of course of course these are people who are from the community and we also have been bringing in many others are into this very cost to use support and it is very very difficult and they're seeing the pictures not the access is difficult to do to release and of course there's still aftershocks that east teams do you worry very important but also dangerous work and that's what i actually want to ask you about to what extent have you been able to get into those affected areas but we're getting into as far as the army can clear the routes they are. which are very remote and michelle is not being reached by anyone yet. there is a sense axis is one of the most difficult sins and even wants to also been clear th

." >> asia-pacific markets look set to follow wall asia-pacific mart to follow wall street. offsetting worries asia-pacifict to follow wall street. offsetting worries about global growth. netflix is a winner in late trade. 7 million new subscribers signed up last quarter. in sydney, bhp is one to watch. copper took a hit by issues at home and in chile. here in new york, we saw equity bulls getting a good day as the s&p 500 when asked the 200 moving day average. the dow gaining more than 2%. we had solid earnings. pushing those health care stocks higher. the nasdaq up 2.9%. a good day for small caps, which have outperformed the market. gaining the2000 most since the presidential election. we had data showing u.s. factory production beat estimates and expanded in september. up's see how this will shape in asia. haidi: we are tentatively positive. we have a strong lead. we are watching tech stocks. we are getting underway slowly in sydney. 1%, adding tor of those modest gains. it mightvoices saying be time to get back in, given that we were trading at decade highs. comments tha

a down day when it comes to the msci asia-pacific.e have seen a rebound in the equities following that intervention from officials in china. overall the market is lower. dollar-yen up 0.2%. the dollar index overall near its highest level since mid-2017. 1%.csi 300, now up by you get thaternoon speculation of the national team by jumping in. a big pop coming through toward the close in china. >> it looks like we are going to have a higher open in the u.s.. we did see quite severe losses yesterday. the s&p 500 down more than 1%. volatility seems to be the key word here. >> let's get the bloomberg business flash. here is debra mao. aig expects to report third-quarter catastrophe losses and $1.7 billion. for natural disasters including hurricane florence. for losses tied to hurricane michael r 300 to $500 million. there's a to be included in fourth quarter results. the company at the center of a bloomberg businessweek report about chinese hacking has told u.s. senators it has seen no evidence of tampering. supermicro says no u.s. agency h

we actually saw the msci asia-pacific index around 10:00 a.m. hong kong time, three hours ago, slink into that bear market territory, but then we have seen the rebound in china on this optimism that the officials in china will continue to add more liquidity to these markets, so you have the csi 300 leading the rebound in asia. the msci asia-pacific index back at that level of 150. the csi 300 up 1.5%. the japan market doing very well today as well as the hong kong market. manus mentioned the indian market, too. weakness coming through in some of these equity markets including south korea and australia. when we look at docs, though, they are quite a big lot of movers to the downside today. we had in the u.s. session texas instruments warning about its profit which has hit a lot of these tech players in asia. simcoe in japan off by almost 10%. subaru in the took his session under pressure. it missed its targets and stumbled the most since december 20. i do not know where the americans are getting their wine from, but it's not australia. we have se

you, from frost & sullivan asia-pacific.e: coming up, revenue growth for macau casinos is despite all that's going on in recent months. this is bloomberg. ♪ macau casino paid -- expecting to see slower earnings growth in the third quarter as china's economic expansion slackens. rishaad: let's get to the latest from asia gaming analyst, margaret. what are we seeing here? there was a miss, but because of the u.s., but macau actually did well. revenue up 13%. it actually outpaced. was the really critical fact that they are banking on the mass-market business. they actually believe that in the coming quarters, growth is still there. fundamentally speaking, they are prepared for the base math, the most profitable segment of the 45%.ess, margins that 35%, at supports the fact that they can still do quite well in a market where investors are really feeling this pressure that chinese consumption is slowing and will impact macau, but we have not seen signs of that yet. yvonne: you are still saying that fans will continue to be a prop

. ♪ haidi: asia pacific stocks are set for a muted mixed start for the week.he focus on china after friday's rally. the fed rate pace will be tested. president trump talks of deception and lies. : let's get a quick reminder of how u.s. stocks ended on friday. it was a mixed close. the dow closed about a quarter of a percent higher. the s&p 500 just barely under the flatline. looking at these two indexes on a weekly basis, they were positive for the entire week. this is after breaking three weeks of falls. the nasdaq itself. wasn't so lucky, down nearly .5%. on technology, looking ahead to this week, we have a huge slew of earnings. it's the peak week for earnings in the country. we have technology, transports, and industrials. haidi: massive week of earnings ahead. i wonder if expectations might be high. let's look at how the asian session is shaping up. new zealand is closed today from trading on account of the labor day holiday. australia just getting underway with a bit of downside. the aussie dollar at 71.13. the aussie and the kiwi catching a bid on frida

haidi: we are seeing modest gains across the asia-pacific.opening to trading. shery: modest gains indeed for asian stocks. low.falls to a three-year this moves to the oversell territory for the first time since 2016. president moon is on his european tour. 600 million dollars worth of investment deals have been secured with european firms. a e.u.-japan trade deal soon. there are gains for the nikkei t5, along with the topics -- opix. ground the yen losing but maintaining its stance below 112, trading near a one month h citigroup is saying the yen is aigh. -- trading near a one month high. citigroup is saying the yen is the only standout when it comes to a safe haven play. the central bank in new zealand is saying that there is no pressure to move on rates. and the aussie dollar is seeing a reaction to those r.b.a. minutes. theet's dive deeper into market action with mark cranfield in singapore. the nikkei is gaining ground, but only after the selloff in the last session. could the nick a be getting out of the bull run we saw in 2016 ikkei be

michael spencer, chief economist at deutsche bank for asia-pacific.are heading for the lunch break in tokyo. let's see what we've got. david: just a few movers to tell you about. the biggest decline percentagewise in the nikkei. when you look at profits essentially coming in half estimates for the preliminary is here, operating income for the quarter, canon is down. morgan stanley says because of what's happening in china, expect weak sales to continue for this company. suzuki motors, one or two days ago out of mitsubishi u.s., morgan stanley -- i look at you that a bit later on. the broad a look at markets. we are starting to completely go off the cliff, but we are starting to lose it if you will. session lows for msci asia. a lot of that comes down to what's happening in korea, down 1.5%. singapore down 1%. the nikkei is back to the lowest levels here since march. yearhe way back about one in the topix index. just for the month of october, down 12% of the nikkei 225.dollar-yen , 112.33. flat there. interesting. we will talk about the u.s. dollar yen

it looks like we are seeing a little bit of upside in the msci asia-pacific. . futures. shery: disappointing numbers out of amazon and alphabet. backafter some confidence into the markets with the s&p 500. you are watching "daybreak asia." let's get the first word news. jenna: the former vice president joe biden and robert de niro are the latest targets of mail bombs sent to opponents of president trump. police removed a suspicious package from a restaurant owned by de niro. believe some were mailed from southern florida. saudi arabia has all but admitted the murder of jamal khashoggi was premeditated. temple withw to his the intention of silencing the writer. the u.s. is under growing pressure to act against its leading arab ally in the middle east. talks are put on hold with theresa may's cabinet, unable to advance brexit talks in brussels. deal brexit would crush u.k. growth. gdp would rise just 3/10 of 1% next year. consumer confidence in argentina sinced to its lowest 2002, as the country edges toward a recession. the central bank implemented a new imf bac

the pacific ocean away to asia and china. here the people of the mushroom islands of once again being subjected to the testing of weapons of mass destruction designed for a coming war on. the basis part of a remarkable. knownas vision twenty twenty devised in the nine hundred ninety s. it's amos described officially as full spectrum dominance. this means control and sea. cyber space and space five four three two one. from california almost five. the u.s. air force tests it's intercontinental missile by firing them at the marshall. imagine a missile coming screaming out of the sky it's absolutely terrifying there i think that there is there's really nothing. that i can imagine that that would be more terrifying than this and we're talking about. devices that any one of them could go off course. none of this disturbs life on the base where small town america has been recreated a wonderland of the suburban good. and. fabulous but there's nothing better than living on a tropical island and pretty much have each property and it's

asia-pacific, at 150 1, 51. 148, 77.t 20% job -- dropped from the peak. 1% from that level. it comes back to what happened overnight into where we are the bloomberg dollar index back to levels last seen in the summer. in august. it will take a little bit for us to move above that and take us all the way back to the start of 2017. dollar, retaking the top spot on the list for asian investors. this is bloomberg. ♪ this is bloomberg. ♪ yvonne: battle of the charts. let's bring in our two competitors. tracy alloway and michael wilson. we will pick their best charts against each other. viewers can access the charts on the right side of your screen. the bloomberg function feature just right there. startd: i think we will off with michael. michael, what have you got? u.s. chart going back to april, and it is showing that it is trending lower. nice bearish trend we have had a go at 70-40 already in october. trade might becoming crowded. i have overlaid this chart with a positioning that shows up on the commodity futures trading

haidi: our top story: asia pacific market set for the worst week so far. u.s.ll a second day. the s&p losing slide.

three days of declines for asia-pacific stocks.in australia it is a drizzly day looking to build on yesterday's modest gains. >> 7:30 a.m. in new york where markets closed mixed. the s&p giving up gains after yields spike. we also had a very strong dollar. the bloomberg dollar index at the highest level in more than a month, which could be tough on asian currencies. you are watching "daybreak asia." let's get your first word news now. >> crude climbs to near a full year high as iran's dwindling presence in markets overshadowed again in u.s. oil stockpile. inventory from the world's largest economy increased in five times the pace predicted. arending u.s. sanctions scaring buyers away from iranian cargo and tightening concerns of the global supply squeeze. >> levels might be a little bit high. we think the markets will be stableg -- which will be for consumers these levels are lower than what we have seen. the president has spoken about the range of $65 to $75, which seems to be an acceptable level for consumers. >> the alumina mark

i was looking at the asia-pacific. we have a chart to show you.eaked then it bounced around for a while. the hope was it would break back up to the top side, the same way u.s. shares were doing. it dropped off, now we are bouncing again. we had a late september rally that took us to where we may have cracked to the upside, and japan did, but everything else is still stuck in its box. with that momentum fading, if we see further declines, we could be facing a situation where we dropped down into another lower range. this becomes a baked in gradual step by step slide down the mountainside. shery: of course we also saw indonesia's rupiah pass the 50,000 mark. they lost, what, 10% this year? any hope they can stop the slide there? garfield: they are battling hard. took a an story, i pause. it is hard to tell whether this is exhaustion, a slump, or whether the government is going to do very much. negative feedback loop every time you think emerging markets are going to take a break. argentina, turkey settle down. assets does to risk hurts emerging mark

it could snap the longest losing streak, an upside when it comes to trading across the broader asia-pacifict days of declines. shery: you are watching "daybreak: asia." let's get the first word news with jessica summers. jessica: indonesia has a blunt message for global financial chiefs as they prepare to meet in bali, warning they must be more mindful of affects on emerging markets. reacheda's rupiah has 1998 lows. minister indrawati told bloomberg indonesia is being punished, despite doing the reevaluating its economy. >> japan, other emerging countries will have a much more ability to agree and respond in confidence in the markets and the global economy, and have the common mental cooperation to not give up on the global environment. shery: pakistan devalued the rupee as it seeks an imf bailout . the measures snapped six days of losses while dollar-denominated bonds in 27 climbed to the most since late july. the valuation seen as a response to the imf's calls for a weaker exchange rate. leader lvmh has confirmed china's demand for high-end goods remain strong. sales of louis vuitton hand

extending beare market territory on the msci asia-pacific index down 22% from its peak. in asia could get worse before they get better. you've got this dollar play in factor. india down over 1%. the nikkei down by 3.7%. that is its lowest level since march. the topics at its lowest level since last year. -- thetrillion market australian market. china, too. . the kospi now in a bear market. it misseddrop after estimates. let's have a look at the safe havens and play. -- in play. intopeople are going, gold, treasuries, the yen, the yen is up 0.25% against the dollar. a very interesting comment from our mliv strategist saying jgb's seem to have remembered there is a haven play two. look at the drop in the yield on the 10 year japanese note. we are still seeing weakness coming through in the indian with theaying havoc indian stock market. some analysts saying the bank of india's efforts are good news for its bond market. bonds and safe havens in focus today. today we are asking the question on mliv, how deep a stocks rout when it take for the fed to pause or slow down its ti

the msci asia-pacific index is higher led by energy, health care, financials. on the downside we have telecoms and materials falling a bit lower. as you said, futures pointing to a slightly lower start. in the treasury market, looking at the 10 year yield everyone is talking about, what is happening on a long-term basis, it could be breaking through a trend line that has not been breached in more than 30 years. redcan see that in this first top trend line. on the short term, the 10 year yield flipped from its seven-year high, trading below 3.25%. the u.s.ave in focused government plans to sell $23 billion worth of notes today. we cannot forget donald trump taking aim at the fed is saying they are moving too fast with rate increases. i was looking at this yesterday and wants to bring it up again. michael looks like it's going to be making landfall today in florida. inhave the gulf of mexico terms of oil production cutting 40%. natural gas, they have cut that out that by 28%. wti trading above $74 on these concerns. saying yesterday entering a red energy market.

yvonne: asia pacific market sink further into their territory.races for its first -- worst run of monthly losses since 1982. david: and the regional benchmark down 21% from the high in january. sentimentnvestor sorely tested in october. asia's specific -- pacific stocks have lost $5 trillion this year, seemingly with no end in sight. how much can one see these markets fall at the moment? a big move to the downside. the u.s., erasing gains for the year. this is not capitulation, or is it temporary capitulation? you wonder if it is the u.s. catching up with the rest of the world, but it may get lower in asia. territory andr seeing more sightings. david: the philippines is in a bear market, below 7000 on that index. every sector is down, 97% of stocks. none of the earnings for now matter. so first, ask questions later.

that signaled but look at how markets are trading across the asia-pacific.g back from low.hree wake -- week australians share also fell to the tune of 1% there. setting up for the opening in china, looking for any positive direction for any sort of recovery. shery: after we saw chinese stocks the worst october start in a decade. taiwan also is down. down nines future is cents of 1% after losing ground for three sessions. the china open is next. this is bloomberg. ♪ haidi: welcome to bloomberg markets china open. rishaad: the markets are down at its return from the long weekend. if you're long, you're wrong. asia-pacific stocks tumbling a seventh straight session. >> the focus will be and shanghai with mainline equities among the worst performers globally this year. facing more pressure. yvonne: tension as mike pompeo flew to beijing. the u.s. is accused of meddling in china's affairs.

we are counting down to major market opens in the asia-pacific. let's get to sophie. headwinds this friday. what are you watching? sophie: asian markets are facing a tricky start to friday. higher oil, on selloff and firmer dollar after the greenback saw it best run of gains for the year. it gained 1.5% over two weeks. payroll data is due out friday. we have more for emerging markets. we have em currency falling the most in two months and stocks the most since february. with the selloff we have strategists saying there could be a rebound in the making. j.p. morgan saying it could rally 15% in six months, but pressure is likely to continue, especially in the wake of the report on chinese cyber espionage. asian chip manufacturers may move. when you look at year to date stocks, they have had a punishing year. you have this one in japan's leading 44% over the year. they face concern demand is slowing. 12%.ng is down givennot quite clear yet what we are seeing in the numbers, although they did post record operating profit for the third quarter. india in the spotlight with

news in circling china with missiles bombers warships all the way from a straight 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 and deepen 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 some day when miss. i think really t

isi asia-pacific index higher, being led by health care and industrial stocks.g kong is on holiday. we will not see the hang seng moving. on the macro front, investors will be looking at the minutes today for the federal reserve's last meeting. any clues -- let's look into what happened yesterday deeper out of the u.s.. that gave a boost to the asian markets. we have the dow, nasdaq, and the s&p 500 all closing higher by more than 2% yesterday, the highest we have seen since march 26, being led by those earnings. goldman sachs posting higher earnings. johnson & johnson as well as netflix. let's take a look at what's going on in the oil market. and what oil means for saudi arabia. this is saudi arabia with gdp on a monthly basis, and as you can on thenoil gdp is rise, but not as much as gdp when you include oil, which of course, the country is really enslaved to. the reason why this is important is because this is the future investment which was crucial to get this higher and diversify the economy. we heard hsbc and credit suisse's ceo's will not be attending. ri

schools should be the priority many are saying for the government not providing luxury cars for asia pacific leaders and then there's the question what happens to these cars after the event now company guinea's apec minister has said there will be buyers within the country happy to take them off the government's hand in the long run this will cost the government nothing many though a very skeptical about that including a former prime minister he is calling for a general strike he says this help that has the whiff of corruption about it and he wants a formal investigation. the final writings of world famous physicist stephen hawking have been compiled in a book in brief answers to the big questions organ looks at how the world began the rise of the superhuman and the threat of artificial intelligence gathering stansell was at its launch of the london science museum. how do we do it. where did we go is there anyone out there he has unraveled some of the greatest mysteries of the universe and in his final book stephen hawking takes on ideas larger than the universe itself their brief answers to

pivot and the asia pacific is really intended to create the ability to put a loaded gun to the head of china and say you know you will do as we say otherwise we will be able to restrict or we'll be able to shut down choke off your importation of oil and other resources. are. for nine use every day often twice a day these catholic priests have staged a mass the blocks the gates of the new military base on stage while. i. will all of that. in a country where political demonstrations can be easily banned unlike powerful religions the tactic has produced the spectacle of resistance more or you get more for. you know pretty clear from the street. are. you not or are are not all your normal. father moon jong who has led the fight to stop.

haidi: our top story: asia pacific market set for the worst week so far. u.s. stocks fell a second day. the s&p losing slide. president trump keeps jabbing at the fed. he says he knows more about monetary. -- monetary policy. shery: it down now falling more than 2% along with the s&p 500. a second session of losses. we saw the nasdaq selling off. seeing the longest winning streak this year. president trump austria's comments on the fed did not help. take a look at yields because they were falling for another session. have been falling all week after that selloff. surging after a solid 30 year option over the dollar. falling for a fourth consecutive session. we are seeing some pressure after president trump's comments on the fed. gold futures gaining the most in two years. crude is up a quarter of a percent. of this will all play out in asia. mixie: we are looking at a end to the week. earnings.may turn to be -- k see the cost ospi snap its decline. the asx 200 leading. we are keeping a close eye on energy in light of recent commodity movement. gold hitting a 10

it is one of asia-pacific's but theyountries, insist they will sell the cars after the summit. global news, 24 hours a day on air and tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. still ahead, concerns about global growth dominated discussions at the imf world bank meeting. we will be live from right here in wally -- in bali. yvonne: more on the trade war and how it will affect china's growth. david: and we will have questions for our guests. we will ask the question on the bottom left side. send those comments in. if you want to. this is bloomberg. ♪ let's get an update of equity markets in the currency in china, and have a look at markets in hong kong. you look at the shanghai composite and you have to ask yourself? 0.5% now. it was quite bad yesterday. yvonne: for those of you who do not understand mandarin, that means national. we did not see it after that steep selloff. the hang seng still doing well, up about 144 points. that trade is interesting. heading back to $6.90 levels. something that they are

the group aims to slash barriers in some of the asia—pacific's fastest growing economies. into force at the end of december. the us was meant to be a member of the tpp, but donald trump withdrew from the deal in one of his first moves as president. and the bank ofjapan is set to keep its monetary policy unchanged after their two—day meeting. ward members signalled they plan to maintain their massive stimulus package as inflation is a distant target from its 2% target —— board members. the boj might end the growth, but maintained projections for the following two years. now, you may have heard of uber, grab, but now there is shohoz, taking to the streets of bangladesh. now, its name literally means easy. i asked the company founder why she plans to expand in the challenging transport environment bangladesh, and where she aims to take the firm next. the idea is to make life easy, easy by offering all kinds of online services, so we began as a ticketing company, and as we go forward ridesharing is the core service, we will have tickets, long—distance tickets, we will launch a

asia." >> our top stories this monday, pacific markets off to a mixed start after confidence was shaken after the biggest slide in quits in six months. it is considering a range of policies, include wag it calls a worst-case scenario. and saudi arabia vows to retaliate. >> let's get you started with a quick check of markets. they closed the friday session here in the u.s., stocks rising most in six months, tech driving most of the strength across markets. nasdaq seeing its best day since march. tech and consumer discretionary leading the games on the s&p 500. but it wasn't just that. we had easing of trade tensions as well, and corporate earnings. we saw mostly positive results. the dow was up, gaining more than 1%, and treasury yield rose for the first time in three days. let's see how all of this will play out in asia. here is ilyasova why. >> there is a cautious tone being truck this monday after a stream of weekend warnings from global finance ministers. u.s. futures are lower. asian stocks could be looking at a mixed start to the week after the rough week last week. friday's rebound may

he also chairs the subcommittee on asia and pacific. thank you for being with me, always great to see you. can we start with the politics of this? >> very happy to be on. >> harris: i am a little confused how you take a look at what unfolded inside the oval office today and you see it as menendez did from new jersey so differently from what was actually happening. >> i agree. they talk about the disarray, the disarray was when president trump came in. our foreign policy was in disarray. nikki haley has done a phenomenal job bringing group back to what america stands for. and like she said, we've got respect around the world. and they may not like what we do but they know what we mean when we say something. we mean what we say we follow through on that and i think that's a testament to her in her leadership and president trump for appointing her. >> harris: so when you look at ambassador haley saying the words today that america is respected again on the world stage, what gaps have been filled? you know the north korea portion of the so

asia-pacific markets slumping to the lowest in three weeks, the biggest tumble in about a month. when you look at emerging markets, that was the biggest tumble in more than six months. more pain ahead with asian equities broadly lower. also seeing declines when it comes to em and asian fx, gaining against every currency other than the yen. terms of the aussie open, we are getting back games from yesterday. oil and materials had been leadib in games, and we saw the decline in oi and commodities overnight. let's get you the first word news. reporter: in less than 24 hours, the senate heads to a make or break procedural vote on supreme court nominee brett kavanaugh as lawmakers they just an fbi investigation into allegations of sexual assault. a single copy of the report was made available with some senators grouping together. say it is hard to evaluate the findings, while republicans say the allegations have not been corroborated. >> the senate should not set a fundamentally un-american precedent here. right to basic's fairness does not disappear just because some disagree with his

and of course it is very important in the asia—pacific region. a lot of it is about the digital infrastructure, and again, asian countries compare very well when it comes to the readiness for digitisation. finally it is about talent, and having the people coming through with the skills that are able to pick up his new digital technologies, which is also a strength in this region. and i suppose the thing people most worry about isjobs, suppose the thing people most worry about is jobs, artificial intelligence and whetherjobs are at risk. will there ever be a need for someone risk. will there ever be a need for someone like me asking the question in ten years, will we have a robot to do it instead? this is always the question when it comes to the previous industrial revolutions and the one we are facing right now. i blame hollywood for putting out this human versus machine dynamic. if you think about the terminator series, that was very much the way it was viewed. we see it as more about the human plus the machine, because there are things that hum

our president's efforts in the asia-pacific have brought north korea to the negotiating table.nlike the last four administrations, president donald trump kept his word to the american people and their most cherished ally when we open the united states embassy in jerusalem. the capital of the state of israel. [cheers and applause] was not just been standing with our allies. we've been standing up to our enemies as well. under this commander-in-chief, we've taken to radical islamic terrorists on our terms on their soil. and thanks to the scourge of our armed forces, and isis is on the run. their caliphate has crumbled and we will soon dried isis from the faith of the earth -- face of the earth. [applause] so it's about jobs and prosperity. it's about security at home and abroad. in this administration, it is also about our values. as president trump said yesterday in missouri, in his words, we are standing up for your values and i promise you we are doing it everyday. [applause] this administration since day one. i couldn't be more proud to serve as vice president to a president

but also across the middle east and in the asia pacific region to buy their oil from other countries not give iran any money that it could then turn around and use for its nuclear weapons ambitions and so this is really just one more step of the trumpet ministration to try to isolate on the global stage terror on in as many ways as possible not just with political sanctions but also very notably with economic sanctions as well british prime minister. series i'm able address e.u. leaders at a meeting in brussels later on wednesday against haitians are stalled once again over what should happen with the irish border when northern ireland and the rest of the u.k. leave the e.u. in march may met her cabinet on tuesday to discuss the status of the talks she's confident and i'm a couple divorce deal can still be achieved but the chief negotiator said work remains to be done. we were to do. we must find a solution to include ireland and find a solution for no hard border on the island of ireland when not there yet various issues are still to produce cust including on land but i understand i

she will be replaced by the asia-pacific chief area in los angeles, the builder of a $65 million mansionld be the victims of bad timing. the but the house on the market at a time when the luxury sector is awash and inventory. 27 thousand square feet. if you like golf, you're in luck. the house fronts the sixth hole at the bel-air country club. that is your business flash update. luxury, luxuryt camping can cost you up to $5,000 per night. i love the idea. you are in the outdoors and you look at the starry night. then you can also enjoy luxury. i am really hoping to get myself into one of those beautiful tents that they offer. >> who knows maybe you can go out and check them out for while. remember, bloomberg users can interact with the chart on gtv . analysis andey save charts for future reference. this is bloomberg. ♪ mark: i'm mark crumpton with bloombergs first word news. secretary of state mike pompeo says saudi arabia's rulers have assured him they will conduct a thorough investigation into the disappearance and suspected murder of saudi journalist jamal khashoggi. secretary pom

haidi: asia pacific equities get set for losses. weigh mixed earnings and rising trade tensions. president trump says that it sha --like jamal khashoggi was murdered. shery: we saw the s&p 500 barely finishing above the 200-day moving average. the nasdaq falling the most in a week. tech stocks were all under pressure today. we will see how that plays on the asian markets. the markets that are already open our falling mother 1%, for the nikkei and the kospi. which markets are you paying close attention to today? now, it is obviously japan, korea, and australia that are open. like you said, it is not looking good. it is looking like an ugly day. we have the dow moving 300 points overnight, the nasdaq plunging 2%, and the s&p 500 falling below its 200-year mean. it looks like it will be across the entire region. china is the other one that we will be watching after a 3% plunge yesterday as well. shery what are we expecting next week:? it feels like this week has gone on for a very long time. just to take it back a little bit to this we

it's get a check of how markets are trading in the asia-pacific region.kei gained ground for a second third consecutive session. japanese yen a little bit weaker, holding steady but only after weakening for two sessions. we've seen exports contracting for the first time in 21 months. trade balance data just a few down inago, the kospi early trade and the asx 200 also losing ground. aftertreet pullback fluctuating throughout the section -- there's a session. more rate hikes could come in the future. session after those fed minutes. mark cudmore is in singapore with more of what is moving markets now. will he be the same story as it was here on wall street, what's happening on wall street and what the fed minutes really mean for monetary policy here in the u.s.? mark: first of all, on the equity side, it will remain similar to yesterday. there's been slight trepidation to take too much risk to investors have been kind of scared by the turmoil of last week. were seeing volumes way down and there's a lack of enthusiasm that we saw the start of this week. even

very close to bear market territory for the msci-asia-pacific. let's get the first word news.eal is 95% complete, and has appealed to lawmakers to support her after a weekend of speculation about a late chal lenge. the vast majority of issues have been settled on the brexit transition. she said an extension might be needed, but she has not committed to it. >> the second step is to create an option to extend the implementation. i have not committed to extending the implementation. i do not want to extend the limitation. ementation. i don't believe extending it will be necessary. erdogan is going to reveal all about the khashoggi c asked the saudi consulate at 1145 local time. turkey's claims to have evidence he was tortured and dismembered by saudi establishment. trump says the u.s. will cut off foreign aid to guatemala, honduras, and el salvador. trump has sought to escalate undocumented immigration as an issue ahead of the congressional 6th,ions on november blaming a so-called caravan of migrants on democrats. withholding overseas aid can bbe done so on corruption or immigrat

the least and in the asia pacific region to buy their oil from other countries not give iran any money that it could then turn around and use for its nuclear weapons ambitions and so this is really just one more step of the trumpet ministration to try to isolate on the global stage in as many ways as possible not just with political sanctions but also very notably with economic sanctions as well still ahead on al-jazeera as fears of a note grow countries around the e.u. are already preparing for the worst. and tents for classrooms no electricity no computers will take each of the schools for better when children in the occupied west bank. from the neon lights of asia. to the city that never seems. as though that there's plenty of dry weather over many southern parts of china at the moment the satellite picture is picking up the fair amount of cloud and that has given us a few outbreaks of rain but by and large many of us should be dry as we head through wednesday they thought east coast might see want to tease showers as we may across taiwan and as you head down towards the northern pa

the msci asia-pacific index on trackfor its lowest record in 16 months, down for its seventh sessionn a row. the chipmakers are coming under pressure amid global tech concerns. down by 8.6%. there have been a rebound in chinese energy stocks. in australia, health care are coming under pressure. stocks are coming under pressure in health care. turning to the bloomberg first has lowered the ims its global forecast for the first time in more than two years. escalating trade tensions weakening emerging markets. the fund forecasted global growth of 3.7% this year and next, down from the 3.9% it predicted. the ability that china and the u.s. resolve their disagreements would be a significant upside. at some level, it is not we are morehat tentative in our optimism then be were six months ago. will seek akistan bailout from the imf as the government tries to stabilize the economy. the finance ministry said after consulting with leading economists, the country will the imf. the finance minister will hold talks with officials in probably this week. the government may need more than $12 billio

msci asia-pacific down more than 1%.re is a lot of geopolitical issues and warnings from the imf this week on global economy. how fragile it is is crowding the market. we have christine saying to be market volatility and china's ambassador to the u.s. saying it did not want a trade war but was ready to retaliate. we cannot talk about the markets without touching on what is happening with oil. brent and a beauty are rising. saudi arabia threatening to retaliate against any measures taking against them when it comes to the disappearance of the colonists. what i am going to be showing -- columnist. what i will be showing is rice -- the saudi rising. they are trying to fill that gap between losses of other key producers from iran and venezuela. this will be a story to watch very slowly in the short term. of course throughout the end of the year as sanctions hit the yuan. the currency space. we have activity surging in terms of trading in the yuan, it is weakening. we are approaching that psychological key level of seven per