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 alonso was asian our history and their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill but it's also the product of the exploitation of people after the bottom what are known in china as migrants but they're not really migrants so. if you really. go to talk to these my woodworkers you will find quite surprisingly. over the past 5 to 70 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 3 families to share one tiny flat. you know you would see that socialist country was equality but a unfortunately since the reform has started china has become one of the most unequal societies in the word the income gap is widening gover

the asia-pacific -- mse a asia-pacific energy index is down 1.3%.nergya asia-pacific index is down 1.3%. let's get the market ahead of that decision with our global economics and policy mliv strategist. a week of spikes, oil and monday, and overnight, that technical issue, the spike in about $50rates, billion in liquidity. later today, $75 billion more, if needed. does the oil price impact of rate cut decision? spike has price already dissipated. every chart you look at in your bloomberg terminal shows you you jump in oil a 100% prices to tip an economy into recession. ist this does for the fed remind them of geopolitical risks. speakinghairman powell to week and a half ago in zÜrich still sees a strong labor market, the consumer solid, holding up. the problem is this is sentiment was negative in the second quarter, trade war uncertainty. we saw the purchasing index below 50, contraction for the first time since 2016. this is pointing to the fed during the 25 basis point cut. the global risks are mounting. i think the dots will be interesting. i wan

continent has lagged behind other regions last year just under 1000000 electric vehicles were sold in asia pacific the americas were far behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. but that could change now with car makers showing the results of the billions of invested in electric vehicle technology at the i.a.e.a. and front foot. and here are some of the other business stories making news. russia's state communications watchdog says u.s. tech giants google and facebook allowed political ads on their platforms during sunday's regional elections despite being asked not to russian law says election ads should not be broadcast on election day but moscow says google and facebook did nothing to stop the run. and an alliance of u.s. states has announced an antitrust investigation into facebook the new york state attorney general says the aim is to find out whether the social media platform stifle competition and puts. use us and risk by endangering their data the justice department also say it's it was conduct a competition review off online platf

the msci asia-pacific index with a fourth week of gains. s&p 500 yesterday closing within 0.5% of that record high, lifted by this report of a potential interim deal between the u.s. and china. the 10 year yield goes up another basis points. we have risen more than 20 basis points this week, the biggest weekly gain in that 10 year treasury yield since 2016. 108.14 is where dollar-yen sits. the market seemed to take the easy be decision as -- ecb decision as dovish. 5% higherended 0.0 yesterday. brent heading for a weekly drop with the iea warning that opec faces a looming surplus. that's get back to the ecb. mario draghi delivered his final stimulus package after overcoming an unprecedented revolt from projectors. the risks surrounding the euro area growth outlook remain tinted to the downside. we still think the probability of a recession for the euro area is small, but it has gone up. outlook andeconomic continued prominence of downside risk. governments with fiscal space should act in an effective and timely manner. we have a mandate. st

sort of go to my guest asia pacific strategic and economic policy specialist. british prime minister boris johnson is the last 2nd to turn to triggering a snap general election success at the ballot box could have allowed him to repeal it recently passed a law aimed at blocking a no deal brags it during a heated debate in parliament both sides of the house accuse each other of playing political games. many of our constituents will be confused tonight because the labor party this ask for a general election for 2 years turned it down and we have to stop the peace process and we are not walking into traps laid by this prime minister became the 1st leader of the opposition in the history of our country to show his confidence in her majesty's government yeah why did how i mean the opportunity to have an election with a view to removing the government this house has lost the respect of the country as a laughingstock around the world the prime minister has warned his peers in office our number here. parliament is now prorogue or suspended until october the 14th which

the spring road wife alone the asia pacific program at chatham house for more on this good evening to you. wrought in terms of what we're seeing now. where do you think it's going to go for me because the mole the people in hong kong show that that they're against. what's happening the more one suspects china might act. well i it'ss very difficult to see where it where we are going to go for now other than to say it looks as though these protests are going to continue for the foreseeable future. your right to wonder what that china will. the noises coming out beijing on more and more threatening i and it does seem that china's patience is running out. but quite what that action would be is still to me very. because it seems to me that it would be a very big risk. beijing to send in its forces in some way or another. carrie lam i hear speaking earlier sounds in some ways like a broken woman the whole crisis really scott but her career and- - put it into minds of what she did. it sounds very very sad and- but she has an awful lot of responsibility for this position had thought that trad

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 it also was asian law 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 self made entrepreneur skill but it's also the product of the exploitation of people at the bottom what are known in china as migrants but they're not really migrants so. if you really. go to port to this my woodwork us you will find quite surprisingly. over the past 5 to 70 years they have experienced. greater increase there in the social groups china not the car side. 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 3 families to share one tiny flat. you know you would get a socialist country wheezy quality but unfortunately since the reform has started china has become one of the most unequal societies in the words the income gap is widening governments i feel hav

united states and china have together played a role in preventing war and armed conflict in the asia pacific region since they forged diplomatic relations. the era of the u.s. and china is completely different from the era of u.s.-japan and u.s.-russia rivalry, which resulted in multiple wars, big and small. the co-existence and operations between the two parties over the last 40 years have been the engine that prompted the collapse of socialism and dissolution of the cold war and made it possibly to realize prosperity and peace. that's why i dare say, rather than focusing on their issues of contention, the united states and china should take on a broader perspective and pay attention to the history of the u.s.-china cooperation. in fact, since modern times, there has not been any history of war or confrontation between the two nations. their bilateral cooperation in the asia pacific region was the strongest in defeating japan and the communist tote totalitarianism and it can only be achieved through farsighted cooperation rather than confrontation, today's clash of interest can be easily ov

when i visit bangkok, for the meeting of asia—pacific nations, they embrace oui’ asia—pacific nationsmitment to the rules —based international system. in mexico, we talked about climate change. in canada, we talked about oui’ change. in canada, we talked about our joint change. in canada, we talked about ourjoint campaign to protect journalists around the world from torture and arbitrary detention. the truth is we brits get very warm welcome almost everywhere in the world. ok, maybe not in luxembourg. applause but do you know what? i think the british people have had more than enough of eu leaders disrespecting british prime ministers. applause so we will strive, in good faith, for a good deal. but if the eu spurned the opportunity for a win when —— win— win deal, we will leave nosor when —— win— win deal, we will leave no s or buts. now, i hope we can stay good european neighbours and friends, but we will be free to chart our own friends, but we will be free to chart oui’ own course. friends, but we will be free to chart our own course. as masters of oui’ chart our own course. as mas

my question is about japan's leadership role in the asia-pacific given that the us is showing little or no interest at all, that's the feeling you get.i'll give you the example of the tpp itch was abandoned by president trump in japan took the lead by re-creating the the cpp pt. what do you think about japan's leadership role? >>. >> i should be frank. diplomatically frank. i think there's huge disappointment, obviously it's a huge disappointment and there's two reasons for that. this was an american and japanese initiative by the end of it and we walked. i am not a fan of president trump's decision so there's biases that must be put on the table. i think it's a huge strategic loss for us but opmore importantly, i think it's a huge economic opportunity that we lost aswell . and i think what happened at the end of the obama administration is the obama administration officials began to sell it as strategic heleadership and they ought to at home have been selling it as economically good for the united states and they couldn't make that case well enough and as you know in 2016 both repub

we can see the msci asia pacific index rising there, not a huge gain but up .25% almost. u.s. futures are down. the changeill see after the european open, but for now it looks like it could get a negative start to u.s. stocks, even with those trade comments. does thison is, impeachment process play into the moving of the market, a lot of people of come out and said it will not have much of an effect on markets for now. the new see the new zealand dollar rising in terms of u.s. dollars. price rising this morning. bloombergking at the dollar index more broadly, is it just a bid for the safe haven dollar, with all the impeachment drama? the 10 year yield down four basis points. yesterday we saw it jump nine basis points. generally it was a risk off session yesterday, perhaps it was the trade headline strong that more than anything. gold also dropping significantly yesterday. it could have had to do with the comments from charles evans that we just discussed, but we bounceback a little bit today. matt: the white house has released details of the phone conversation that triggered t

my question is about japan's leadership role in the asia-pacific given that the u.s.e or no interest at all that's the feeling you get i will give you the example of the tbb which was abandoned by president trump and japan took the lead by re-creating the cdp be which has gone into effect after was gratified. what you think is the feeling in japan about america's leadership role? >> this is where it should out the japanese in the room. >> i think you should be frank. >> i should be frank. diplomatically frank. i think this huge disappointment, the tdp physician there's obviously huge disappointment stop there's two reasons for that. this was an american and japanese initiative by the end of it. and we walked. i am not a fan of president trump's decision cell those biases must be put on the table i think it's a huge strategic loss for us but more importantly i think it was a huge economic opportunity that we lost as well. i think what happened at the end of the obama administration is that the obama administration officials began to sell it as strategic leadership when

home and to the wider region, to the asia-pacific, to know that donald trump when he is in a trade negotiation with china and australia, one of their biggest trading partners with china as well. we end up being not just an outpost for western values, western political values, but a direct economic conduit to a country like china. australia represents an awful lot but also we are more than topy to play our part support the american project. regardless of whether you are on the left, right or center, everywhere else we understand what you try to do in this country regardless of with the president is and we are on board. >> what is the schedule for the prime minister? >> he will stay in washington, d.c., 9:00 in the morning is when he and his wife will be greeted by the trumps of the white house. he will go to the south lawn for official welcoming. queen was coming over for dinner we would not put on such a show so it is unique to see that. after lunchtime he will head over to the pentagon and there will be some state department briefings. in the evening they will return for the state dinner. tha

week not tells us a number of things it tells us that actually there's no other market in the asia pacific region right now that could handle a listing of that size and it also tells us that actually china needs this place to continue to work because china has an awful lot invested in hong kong that said we're not seeing any initial public offerings from chinese companies right now i think the the word has gone out that essentially the leadership wants to hold off. on any more i.p.o.'s until the situation in hong kong comes down but it is a reminder as i say that hong kong does remain terribly important to china and to its economic plans for the future yes they have shanghai but shanghai is not a sophisticated market like hong kong and i think what you're seeing the stars here is that many in the corporate world in hong kong have actually decided that the new normal is going to be what is happening right now riots at the weekend but business is normal during the week and i think that is something that some in the corporate world are prepared to put up with because they say that actually th

continent has lagged behind other regions last year just under 1000000 electric vehicles were sold in asia pacific the americas were bar behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. but that could change now with carmakers showing the results of the billions that invested in the electric vehicle technology at the i.e.e.e. and front foot. and here are some of the other business stories making news. russia's state communications watchdog says u.s. tech giants google and facebook allowed political ads on their platforms during sunday's regional elections despite being asked not to rush in last election ads should not be broadcast on election day but moscow says google and facebook did nothing to stop the at the wrong. and an alliance of u.s. states has announced an antitrust investigation into facebook the new york state attorney general says the aim is to find out whether the social media platform stifle competition and put users at risk by endangering their data the justice department also say it it would conduct a competition review of online

provisos said its asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for hong kong orse which has recently been battling to win listings by international companies due to political tensions with beijing. now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says it's trying to calm months of unrest in the semi autonomous city. at a meeting this week in change in the city bordering hong kong senior executives from nearly $100.00 of china's largest state run companies including oil giant sinopec and conglomerate china merchants group were urged to do their part to help cool china's biggest political crisis in years at the meeting the air so he's pledged to invest more in key hong kong industries including real estate and tourism in a bid to create jobs for local citizens and stabilize financial markets the directive from beijing went furth

but visors says it's asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for.

and its future i have directed my national security team to make our presence and mission in the asia pacific a top priority in one sense. is the us already a pole with china yes on the ground and in the air the winner of the nobel peace prize president barack obama has committed to trillions of dollars of to our nuclear arsenal he's committing trillions of future dollars to war in space and we need an enemy for all this money and china is the perfect enemy. the aim of this film is to break and silence the united states and china may well be on a path toward a nuclear war is no longer unthinkable in a few years china has become the world's 2nd biggest economic power the united states is the world's biggest military power with bases ships covering every continent and. china is a threat to this dominance says washington who is the threat this film is about shifting and great danger but it's also a film about the human spirit and the rise of an extraordinary resistance among people on the frontline of a coming war where the words never again have an urgent meaning for all of us. why. this is bik

continent has lagged behind other regions last year just under 1000000 electric vehicles were sold in asia pacific the americas well bobbie behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. but that could change now with car makers showing the results of the billions of invested in electric vehicle technology at the i 80 and front foot. nice doing business or thing. soccer games favorite sport. it's no wonder stick tackler go. plenty of emotion. and. the best of game day. kick off w. . coach of a. sure link to news from africa and the world or link to exceptional stories and discussions from the news as easy as i want with safety deputed comes much traffic on join us on facebook. for god. such. place this weekend world stories. mexico miss ingenues murdering women. yemen hospitals are on the brink mistime we start out in germany. is one of the few remaining holocaust survivors she passed through to concentration camps now she's been honored with a german national prize. she is one of the last holocaust survivors alive today i need telasco wolfish w

when we work with our clients across the asia pacific, we guide them to have an understanding of theon and notjust hong kong, understanding that is quite important and what they are worried about is that this is a period of prolonged crisis and leading with resilience and through the anxiety is something topmost in leaders mines. have they discussed or suggested plans of moving away from hong kong? right now, most of the leaders respect to seem to be adopting a wait and watch approach. a lot of business continuing to plan ata a lot of business continuing to plan at a safety level but some of the best leaders are ensuring they are creating enough support systems, keeping the dialogue open for employees, talking through what is happening and what it means for their lives, families and careers. the chief executive of cathay pacific, a very well—known hong kong brand, he resigned after a storm of criticism from china because of his employers participation in some of the protests. is it a sign of x had leader out of touch with china? —— x patriot. they need to keep the environment radius.

that is true in the states as well and end asia-pacific and emerging markets. -- and in asia-pacific and emerging markets. containing real gdp relatively low levels and no sign of it moving higher. nominal gdp operating leverage, goes into reverse. there was an expectation earlier this year it would rise and according to bloomberg, that is about 1%. we are kind of flat. it is not clear what is going happen next year and whether there will be a recovery. guy: if i don't have to investigate -- if i don't have to invest in europe, is there any incentive to put money to work here right now? maybe there are a couple of companies here and there you can find if you're a bottom up kind of stock picker, but most people these days are increasingly investing in the etf point of view, why would they put money here? >> the story is about positive opportunities. if you want to put your cash, negative return. sovereign, that is not great. from an equity point of view, all the earnings have been calm, they have been rising. not yet sing margins back to cycle highs, so there is some upside for margin

that have a quick look now at asia—pacific markets and how they fare in early morning trade at the momentck a two to five down by 0.2% and the all ordinaries in the red by about 0.8%. thank you for investing your time with us. sport today is coming up next. this is bbc news — the top story this hour. opposition and rebel conservative mps in britain deal a major blow to the prime minister borisjohnson they will now be able to try and block a no—deal brexit. many teenagers will have spent large chunks of their summer holidays playing computer games. for 15—year—old jaden ashman, it paid off — literally. he won almost a million pounds at the gaming tournament, the fortnite world cup. leigh milner reports. jaden! what do you want for breakfast?! er, could i have some coco pops? with almost £1 million in the bank, it's time to go back to school for 15—year—old gamerjaden ashman — also known as wolfiez online. three, two, one! he won his fortune after coming second in the doubles of the first—ever fortnite world cup. over a0 million gamers attempted to qualify, but only 100 battled it out for a

as you can see, asia—pacific bourses have open for trading.to a public holiday but it has open and lacklustre trade today, not much going on in the nikkei 225, down by a 10th of a percent and the all 0rdinaries giving back 0.3%. in about 50 minutes we will see the latest from the hong kong stock exchange and the hang seng index. thank you so much for investing your time with us. i'm rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: luxembourg's prime minister has launched a furious attack on the british government and its approach to brexit. president trump has pointed the finger for the attack on saudi arabia's oil facilities, saying, "it looks like it was iran". the supermarket chain aldi says it plans to open an average of one new store in the uk every week for the next two years. the chief executive giles hurley said they would invest £1 billion to achieve their aim. here's our business correspondent, emma simpson. a new aldi has come to town, and so have the shoppers. this time, north wales. have you

let‘s look at the asia—pacific market and how they are faring in mid—morning trade.global economy. thank you for investing your time with us. i i‘m rico hizon, sport like today is coming up next. —— sport today. this is bbc news the top stories this hour: donald trump has fired his national security adviser, john bolton, saying he "disagreed strongly with many of his suggestions". benjamin netanyahu has promised to extend israeli sovereignty over thejordan valley if he‘s re—elected next week. the palestinians say the move would "bury any chance of peace" for a hundred years. a man has spent £30,000 of his life savings in a failed attempt to get a £100 speeding fine overturned. richard keedwell from yate says he was wrongly clocked doing 35mph in a 30mph zone on a day trip to worcester three years ago. he‘s since spent thousands on legal fees — but lost his appeal. andrew plant reports. it isa it is a folder two inches thick. richard keedwell‘s speeding case which began with a standard fine which began with a standard fine which popped through the post back in 2016. h

let's take a look at the asia pacific markets and how they are faring in early monday trade.ontana, dampening optimism about the us—china trade negotiations. as for the price of oil, higher today after the us said it was sending troops to saudi arabia in the wake of attacks on saudi oil facilities. thank you for investing your time with us. i‘m rico hizon. goodbye for now. let‘s bring you up—to—date with our main stories this hour. ahead of the latest world climate summit, un scientists have said the last five years are likely to be the hottest on record and the impacts of global warming are increasing. last—ditch crisis talks to try to avoid the collapse of the british tour operator, thomas cook, are expected to conclude very soon. switzerland‘s glaciers have all been shrinking at an accelerated rate in recent years. one of them, the pizol glacier, is set to disappear completely by 2030. scientists have been holding a memorial service for it, as imogen foulkes reports. grieving for iglesia. today, switzerland‘s pizol glacier was declared officially dead, a worrying sign, env

juliette: you have seen the msci asia pacific index bring japan lower today.ut of action for a public holiday. the first drop we have seen in four sessions. it has been in typical risk-off with that move in the japanese yen against the dollar as well. when it comes to energy stocks, we have seen a big spike in the likes of australian energy stocks. the energy index in asia has been tracking higher and the energy sector on the ms guy asia-pacific index, up by 3.8%. they are having the biggest jump in more than three years. the shipping stocks and the other factor of course that your guest was talking about which has affected asian markets is what has been happening in china. yet more signs of a slowdown in that country. it lets have a look at this chart which shows we did see a number of indexes fall in the month of august with retail sales showing the lowest growth since april, expanding 7.5% compared to the projected 7.9% increase. the only upside out of this data is we have a little bit more coming through in terms of where we see more stimulus from chinese

colors are in the formation of our australian flag, but back home and to the wider region, to the asia pacific, to know that donald trump when he's in a trade negotiation with china and australia, one of our biggest trading partners is china as well, we're one of the only countries that has a free trade agreement with china, that we end up being not just an outpost for western values, western political values, but also we're a direct economic conduit a country like china, so australia represents an awful lot but also we are more than happy to support the american project because regardless on whether you're in the left, right or center, perhaps not the extreme left in australia, but everywhere else we understand what you rtry to do in this country regardless of whom that president is and we're on board what's t what . >> what's the schedule for the prime minister? >> thursday night he'll arrive at andrews air force base. he then will stay in washington, d.c., 9:00 in the morning will be when he and his wife, jenny, will be greeted be i the trumpet the white house. then go to the south lawn for

let's have a quick look now at the asia pacific markets.r screens, investors in japan and you can see on your screens, investors injapan and australia a little bit excited about the us rate cut, despite comments from president trump that mr powell and the fed had no guts in basically making more aggressive rate cuts, the nikkei up by o.9%, aggressive rate cuts, the nikkei up by 0.9%, the all —— all 0rdinaries 0.6%. thank you for investing your time with us. this is bbc news. the top stories this hour: as indonesia battles forest fires in borneo and sumatra, pollution is reaching critical levels across much of the region. the government has told the bbc that it may not apply european union standards for home appliances after brexit. if that happens, it will affect our energy use helping the uk to meet its climate change targets. here is our environment analyst roger harrabin. welcome to derbyshire's vacuum cleaner museum. some machines here use lots of energy. 0thers use very little. recent eu standards on efficiency banned the energy guzzle

we work to make sure the smithsonian asia pacific center which served to further the inclusion of asia-pacific americans continues to research, build collections, do exhibitions and programs and they too are fundraising for the first gallery dedicated to them. our work to increase knowledge is never-ending. the institution has been conducting groundbreaking research in science, marine and terrestrial environments and reproducing on animals around the world in the national advertising. ultimately what i want to do is say museums are more important now than ever because of their ability to serve as trusted sources of information. we want people to see the smithsonian as a tool to help understand the universe, their history and our shared future in order to live better lives. it is incumbent upon us as an institution to be a more universal resource and to increase relevance. thank you for giving me the opportunity to testify at happy to answer any and all questions. >> now we hear from you, miss helm. >> chairman lofgren, ranking member davis and members of the committee, thank you for the opport

nokia head of asia-pacific in japan -- and japan.iews on the bloomberg tv at the milken asia summit in singapore. plenty more to come. this is bloomberg. ♪ ♪ devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren't secure. and if someone trys we'll let you know. xfi advanced security. if it's connected, it's protected. call, click, or visit a store today. ♪ i am disappointed by the fed. >> why? >> the market is priced for more action. the fact the fed is disappointing based on market expectations. >> we were expecting more in terms of the dots. >> i think the fed is not accommodative. i would like it to be because my forecast is below 2% over the next three years, so there is more room for accommodation. toohe fed is way pr

and to the way the asia-pacific financial and economic system was set up.hong kong as part of one country to systems set up that was working moderately well. that seems to been thrown out along with trade between japan and korea. the trade relationship their the world's two largest economies it then there's europe in the background and all the rest of it. point tother pressure bring risk off. is one more reason for the be buying global barone's -- global bonds. prices surged. a 30 or bond looks like what i three-month bill used to look like. what are we set up for in september? the risks ine of see this month. bonds have gone so far so broadly. there's no diversity left anymore. every single one of 24 developed markets that bloomberg tracks saw tenured yields -- sought 10 year yields drop by at least 12 and a half basis points. furtheruld have dropped it was not for the iron hand of the bank of japan. that broad relentless bid for bonds tells us that the stock market is living on borrowed time time. it also raises the concern that bonds have gone so far so

150000 chivers home and delays are inevitable peter harbison is chairman emeritus at the center for asia pacific aviation he explains what went wrong for thomas cook. now starting from the very short this this time of year is when in a cash flow business like the airlines and the travel this is generally this time of year is when the bills start coming in and the cash slows down and so when our her it gets and a lot of all of collapses of years this is this is the season on fortunately that it is tragic and in tom's court case going back a little bit further than the impact of bricks or the you know the uncertainty around that the fact that brits didn't travel so much internationally last year has been said to be one of the causes all arrived things and the fact that there is such intense competition particularly low cost carriers in the new european markets diary that model that was a surround package and the and the basically these were the lowest the low cost carriers of the 7 years and i think. that model is not there's a practical use as low cost carriers to. dive in and out of a particular

to deepen its engagement in southeast asia and the asia pacific region. thank you. >> okay.ou very much. i thank you very much. [ applause ] we'll see you in the other room. thank you very much. >> thank you. liz: that of course is singapore's prime minister with president trump, signing a memorandum. the president referenced all kinds of trade discussions and defense purchases. any more information, we will get it to you. he is now up next expected to meet with the new zealand prime minister. >>> all right. closing bell in seven minutes. "game of thrones" taking a fourth straight best drama emmy award to end its eight-season run. the series about jostling for power, you know, i didn't see the danged thing. i'm the only person on the planet that hasn't watched this thing. also netting peter dinklage a best supporting actor. from the president's feud with the fed to the china trade feud to tensions in the middle east, that captures investors' interests. let's get to the real world game of thrones and the award-winning senior portfolio manager at ubs wealth management sees as

mscia look at the asia-pacific and index -- that following this morning as well. and looking at u.s. futures, they are up. reading thes are signals differently or maybe something else is at work sending asia down but making traders optimistic for the opening of u.s. trade. is strengthening a little bit. coming down to 7.11. gaining strength in terms of dollars. nejra: mixed signals from market. the offshore yuan is strengthening though the onshore is weakening. friday, the 10 year treasury yields dropped six basis points. with japan closed, we have to look at the futures. the cash trade has not gotten going. the drop in the 10-year gilts outpacing the drop in the two-year yell. markets paring that back a little bit. the fed is going to have to could -- is going to have to capitulate at some point and brent is bouncing around for iranfor a ram -- and the fact that saudi aramco may not be able to restore production. and it is likely that iran was behind the saudi aramco attacks. to the roller coaster trade headlines. trade groups from china and the u.s. have held co

a mixed picture over asia but the msci asia-pacific is a touch lower. 1.3% but we see strength in australia japanese equities. in foreign exchange, the australian dollar weaker today as unemployment rate rose and the yen had been at a seven-week low but is higher today. the boj says they need to pay more attention to moving momentum toward a 2% inflation target. sovereign bonds, some strength to the upside. the two-year, five year, and 10 year are coming down but yields are higher in indonesia. iron ore, trading around $91 a time. it was a loser. i want tot today, look at oil because this seems significant on the u.s. oil etf. it is the first time in eight years you see the cost of bearish bets versus bullish bets plunged to an eight year low. you don't really see this, this is the first in eight years. it signals bullishness in the market. tobe traders are starting wake up to the fact that they need to possibly price in the more geopolitical concerns, something they have shrugged off the entire summer until this past weekend when we saw attacks in saudi arabia. anda: divina, in mumbai annm

asian equity markets certainly weaker, down by 0.5% on the msc i'm asia-pacific -- msci asia-pacific.loomberg first word news update. juliette saly has that in singapore. juliette: the supreme court will start healing -- hearing the case against boris johnson's suspension of parliament. the beginning of the bait -- the debate is whether it is a matter for the courts. the court may not rule until next week. >> israel had to the polls -- heads to the polls. the final result may only emerge after prolonged coalition trading. netanyahu failed to form a coalition after april's vote. russia is offering to sell saudi arabia it's as 400 missile system to bolster the kingdom's defenses. riyadh has been in talks with moscow, but going through with it risks u.s. sanctions. in the u.s., the new york times is reporting eight years of president trump's tax returns are being subpoenaed as the da examines hush money paid to stormy daniels. the move widens the ongoing effort to obtain a tax record president trump has refused to disclose. representatives for the president declined to comment. global ne

last week we put a report on asia-pacific air freightin sign it was down strong double digits and deacceleratencreasingly a alarming paces. bottom line here is and see fedex has gone from in 90 days from predictinge moder u.s. economic growth -- from growth to moderate growth. gone from predicting despite cost costs and increasing the co cuts from mid-single digit declines in earnings for the year to 16 to 30% decline in earnings. this is not an alarmimi company. conservative company well run. global impact. appear and the bottom line is they are increasingly concerned because tariffs are terrible taxes, well- >> fedex obviously has more global footprint than other companies in the transportation . but do you anticipe that given what fedex laid out today that we are going t hear more of this type of reporting from some ofer the o key transportation stocks and companies? >> i do. and the reason we do iy v simple. this is 1% of the weight of the key butr is o 15% of the value of the changeable goods economy. driving text hiring engineerings, investments. they move high value low densi ods in the

optimism from the budweiser asia-pacific ceo. china, southth korea.ential is expected? listing, the budweiser asia ceo of the company will focus on growth, admission that was made more streamlined after the sale of its high-growth but low-margin australian -- high-margin, low growth australian. ahead, bloomberg intelligence is calculating 50% inwth in 2020 -- 15% growth 2020. 46%eiser asia currently has of the chinese premium beer market. if a push into the northern and southwestern territories on the marketd, that could be penetration. haslinda: thank you so much for that. here is what we are watching this week. japan looks set to raise it sales tax from a percent to 10%. taming its debt load and paying for an aging population. policy onll decide the same day and it is expected to deliver another cut. hong kong regional sales data is expected. on friday may/rates and u.s. jobs data will show how the economy is holding up as consumer spending becomes the main driver for the expansion. rishaad: absolutely. the reserve bank of india out with its decisio

it's been ongoing donald busta he's the head of the asia pacific desk and reporters without borders welcome mr buster when was the last time you heard something from a stand in did it means to me. well it happens that we are normally have a correspondent in srinagar the capital of kashmir. and on the 4th of august just texting me saying that it was suddenly a war like situation and that communication could be shut down at any time i tried to reply to him and he never got my reply and only 2 days ago. our correspondent managed to call some friends in delhi who then gave me some news but we were totally unaware of what was happening in kashmir despite having a correspondent on grown so these shows how it's very. difficult to have grown news and and now your report is very valuable that matters so a virtual a blackout for your correspondent who's based in she now gets how difficult has it been since the organization to get independent news out of question age. how difficult it was very very difficult for instance. the friends of our correspondent gave me a landline number because officially in

because you cannot win the asia—pacific, west papua as a militarised zone.ndonesia can legitimately send out 10,000 of the military. that's why under my leadership we come out peacefully. since 2000, we had a congress, 2000, they came out peacefully and engaged with jakarta to solve the west papua issue through the international mechanism which is called a referendum. but if i may, the point is you claim to be the unified leader of the liberation movement for west papua, but it pattern isn't true. the other long—standing separatist organisation, the 0pm, doesn't recognise, it seems to me, your leadership. the 0pm leader, jeffrey bomanak, said recently that his organisation and its armed wing, the tpnpb, reject and deny the claims and political statements made about the merger by you. he doesn't accept your authority. and also it is clear that the tpnpb continue their armed struggle. we — this isjust a number of people, an individual claim. but we — in 50 years we never became united. but this is 50 years. the last five years supported by the vanuatu governme

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 alas there was asian long history in their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill but it's also the product of the exploitation of people at the bottom water known in china as migrants but they're not really migrants. if you really. go to port to this my woodworkers you will find quite surprisingly. over the past 5 to 7 years they have experienced. greater increase there and as a 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 3 families to share one tiny flat. you know you would get a socialist country wheezy quality but i'm fortunately since the reform has started china has become one of the most unequal societies in the word the income gap is widening governments

they're expected to spread from the asia—pacific through europe and africa to the americas.can take you live now to sydney, in australia, where protests are under way. we understand thousands of australian school students walking out of classrooms across the country. they have particular problems with the current government's environmental policies. all this three days ahead of the climate summit in new york, and in the wake of the strikes in march this year in which 150,000 people marched in australia. 1.5 million, roughly, took part worldwide. these strikes are expected to be bigger, and there is likely to be a stronger presence from unions, workers and companies who have signed up to strike in solidarity with the young activists. we will be speaking to oui’ activists. we will be speaking to our correspondent here in just a few moments, but i am going to come back to him in a moment, i think. the growing pressure to curb the emissions that are warming the world has not stopped president trump overturning more environmental regulations. he is trying to stop california setti

as the day progresses, protests are expected to spread from the asia—pacific, through europe and africa americas. you can see these pictures starting to come in from sydney, and we are as we said expecting to see this whole wave of climate change protests to ripple across the globe. everyone united on many of these have risen from children over the last few months, very much a cause taken up by younger people. you can see they are clearly quite active there. when we can clearly quite active there. when we ca n cfoss clearly quite active there. when we can cross to phil mercer in sydney we will do so. but for the moment we will speak to roger, who has been looking at the events taking place today. the girl who sparked today's action. greta thunberg started a global crime climate youth movement after striking from school in sweden, young people fearful for their future. ms greta thunberg sailed to new york for today's demonstration. adults, inspired by their children, will take to the streets as well, hoping it will be the biggest worldwide climate protest yet, designed to influence world

love that asia-pacific region and with the canadians and the huawei incident. [laughter] and that is unreasonable and explains how dad is why i believe that you ask government it with that economic prominence to colonize and control many local societies in other countries and many are already compromise liked east asian countries like sri lanka they have to report to china and i believe only the us can from china. in so why they should be concerned as there are many interests for example a few months ago with us sanctions hong kong should not allow a ship carrying oil from iraq but the hong kong government ignored the us sanction and allowed the ship to come to hong kong carrying dad oil back to iraq. this undermines your interest this is another reason why you should care and do something other than just issuing a statesman. >> this historic fight has been possible with determination of the youngsters and the hong kong people and i would really like to get a chance to thank the members of this commission and the chairman and the cochair for the continuous atte

and its future i have directed my national security team to make our presence and mission in the asia pacific a top priority. in one sense. is the u.s. already with china yes on the ground and in the air the winner of the nobel peace prize president barack obama has committed to trillions of dollars of to our nuclear arsenal he's committing trillions of future dollars to war in space and we need an enemy for all this money and china is the perfect enemy. the aim of this film is to break a silence the united states and china may well be on a path toward a nuclear war is no longer unthinkable in a few years china has become the world's 2nd biggest economic power the united states is the world's biggest military power bases ships covering every continent and every ocean china is a threat to this dominance says washington who is the threat this film is about shifting.