when the us central bank had lower interest rates over the last ten years, asian markets and the asianme of the biggest beneficiaries of that cheap monetary policy, the easy monetary policy. in reverse we now see that era disappearing. no—one should really be surprised, it has been signalled for a year or so. central banks and governments now need to find a delicate balance, tweak their interest rate policies to make sure they do not prevent growth but are in step with the us at the same time. thank you very much for that update on the business markets here in asia. the share markets are wobbly and bitcoin is showing even more volatility. the currency is falling over 15% on monday, slipping below $7,000 for the first time since november. meanwhile, a south korean intelligence agency reportedly told the country's national assembly that north korea likely played a part in last month's massive theft from a japanese cryptocurrency exchange service provider. moving out of the singapore air show and companies are planning to beef up defence spending an aircraft because of the south china sea

robert: on "asian pacific america," we focus on asian-american and pacific islander issues. give me an idea here. how important a role model was kristi yamaguchi in terms of for ice skating for male and female young skaters? vincent: names like kristi yamaguchi and brian boitano are probably some of the most recognized sports figures around the bay area, and debbie thomas too. i mean, every--almost every skater in this area looks up to them, is inspired by them and what they do. for me, it was both kristi and brian. i grew up watching their performances and their competitions at the olympics. and i mean, just seeing those dreams way over all of our heads. and for me to be here performing with kristi and, you know, working with brian, and getting closer to those dreams is quite amazing. robert: is being--kristi being of asian descent as well as ice skating being such an international sport, did that make it something easier for you to relate to in terms of entering as a sport, or? vincent: well, when i entered the sport, i didn't really think about the, you know, competing in

shares is what asian investors have woken up to.ed gci’oss woken up to. the same sea of red across asia, with the japan nikkei at one point falling 7%. it has now recovered slightly. many of the traders i have spoken to today have said all the positive news in the us and the expectation interest rates will rise in the us, why is that effect asia? when interest rates go up, hot money pouring into asian stocks, that tends to disappear, find better value returns elsewhere. we have seen that for some time. but i think it is the nervousness that has affected asian investors today. that is despite some government ministers in japan for that is despite some government ministers injapan for instance coming out and saying economic fundamentals are still strong and they are monitoring this market rout very carefully. thank you very much indeed. i have to say that many of you who watch this programme, you are extremely levelheaded. so many have been in touch with me to say let's not get out of control, panicked, repeat on a loop, the markets a

sharp fall on wall street affecting asian markets.ow fell by over 1000 points overnight. volatility seems to be continuing. that's it for this edition of asia business report. thanks for watching. the top stories this hour: a north korean official under international sanctions, choe hwi, has been allowed by the united nations security council to travel to the winter olympics in south korea. the reuters news agency has revealed details of a mass killing of rohingya muslims by soldiers and villagers in myanmar, which it says lies behind imprisonment of two of its journalists there. members of parliament could lose their seats or be expelled under new plans to tackle bullying and sexual harassment at westminster. a new code of conduct is to be set up for all those working at the palace of westminster, along with an independent complaints procedure. this report by our political correspondent alex forsyth includes some flash photography. in the bars and backrooms of westminster, claims of bullying, intimidation, sexual harassment, allegati

asian investors waking up not at all.up this morning to more bad news out of the united states. jamillah they described how we are now in officially what is called correction territory. —— narrative. that led to 10% fall on the us indices. there is an increasing sense that here of how long will this volatility last. of course, asia has been one of the biggest beneficiaries of low interest rates in the united states, because our lot of that money has pumped into asian stock markets, helping valuations he arrives. you are starting to see some of that money being pulled out. that is unnerving a lot of people in asian markets. in particular china, today. we have seen that stock market fall by about 5%. concern is growing about just how much by about 5%. concern is growing aboutjust how much longer this volatility will go on for, even though there is this underlying sense that economic fundamentals in this part of the world still remain strong. in fact, this part of the world still remain strong. infact, it this part of the wo

asian markets tumble after wall street suffers its largest decline in years.t fall since the 2008 financial crisis. the us vice president mike pence is starting a trip to asia which is meant to show solidarity with allies and help south korea celebrate the launch of its olympic games on friday. and this video is trending on bbc.com... home surveillance video shows a dog sneaking a leftover pancake, but by doing so, the ignition button on the stove came on, causing something on top to ignite. luckily the alarm system called first responders before the fire spread and a friendship ensued. that story is popular on bbc.com that's all from me for now. stay with bbc news. and the top story here in the uk... the eu's chief negotiator warns the uk faces ‘unavoidable' trade

how are the asian markets?ightly from the few we are seeing pop up early this morning. we have seen and up chicken shares in australia while the new zealand market has lowered today because they were closed yesterday s0 because they were closed yesterday so they did not have a chance to react to the fall in us shares overnight. the main theme of all of this is the fact that volatility in the us markets is being felt by asian investors out here in this pa rt asian investors out here in this part of the world. that makes sense because if you think about it when interest rates were at record lows in the us, much foreign money came into these markets out here and looking for opportunity. that helped to push prices of emerging markets, their stock prices, up. when things are getting back to normal again, the first place, i have been told by traders, that you see money being pulled out is in risky assets. things like emerging markets and stock prices. that is why we will continue to see that kind of valuation for the

what are the risks involved in the asian economic story? china is the leader here and as china moves, the rest of the region's economies move. i think a lot of the reform policies that china is putting in place should portend well but ultimately, the wild card in the overall argument is going to be what the us interest rates are going to do. this has been the biggest obstacle and the biggest near—term risk to our regional assets. uber's founder and former chief executive travis kalanick has testified that his company stole self—driving car technology from its rival, alphabet. earlier, iasked what they hope to gain from his court appearance. what the lawyers are trying to do is basically suggested travis kalanick was at the centre of an orchestrated campaign to steal these secrets from google, and so today when he was on the stand for the first time, day two of the trial and he will be back on wednesday, the story that has been fiction of him is that he was meeting with the former google employee while he was still at google, it trying to cr

no matter what you see, from enrichment to chinatown to bayview we see so many asian american familiesting up roots and raising their families here in san francisco and it is amazing to see that growth continue and i hope we will all continue to celebrate it for years to come. i do want to thank a number of people that have helped celebrate this lunar new year. first of all to our ambassador. and kipman chan is here. thank you, kipman for all your hard work and to all the members of the community to help with our chinese parade. thank you all for all your incredible work in that parade. everyone who is here today and thank you for the community groups and the community leaders and to the companies and thank you for being a part f ouriachi niece new year's celebration today. thank you. >> lastly i would be remis tonight without mentioning -- as we sit here celebrating our lunar new year that san francisco continues to be under assault from washington, d.c. but the one thing we will stand for is we will continue to be a sanctuary for our immigrant communities and as we continue to fight

asian markets are also a watching very closely. this is a mess of panic in asia right now as we speak there's a massive sell off in stocks and people are running for the exits in view of the rising interest rates that's coming going to come from the u.s. the energy markets as the most the hardest hit as you sit and that's being everything down but on that note even markets have been dwindling over the last few days so some investors say they might have seen this coming. over to europe it looks much less panicky across the continent rater did investors here just have more time to look at the actual situation. well the situation here at the stock market could certainly be worse in early trading where predictions that the market might be even going down by eight percent now the lows what we had so far was three point six percent already this is the biggest loss since one and a half years at this moment we are down with about two percent it really seems that this was an initial shock for investors yes there are fears that a higher inte

trade drops again and the asian markets follow with. more than ten percent officially a correction will tell you what that means for your investor. stream pipeline project fears grow over the dependency on russian gas also on the show with. our industry providing a lifeline for destitute refugees from neighboring venezuela. this is e w business i'm gathered as welcome the dow jones index plus plunged more than four percent last night combined with monday's losses dow that's down more than ten percent from its all time high officially putting the market into correction asian markets followed shanghai close four point zero percent in the red the sharpest drop in the region but european markets are only modestly lower earlier i asked danny a cobar man at the frankfurt stock exchange why european investors seem to be shrugging off the market mayhem. well let me tell you first garrett the traders here they are alerted the market already also true day even though we are not losing as much as we have seen on wall street yesterday it's still cr

local financial markets dive the investor panic spreads asian and european equities plunge after the dow jones industrial average took its biggest nosedive since twenty eleven analysts call it a correction but could it lead to a crash. and it was a look that's the business analysts say this isn't financial markets on again it's just a much needed and much over jus correction but are they right or is this the beginning of a crash. some say there are four stages of full hope greed panic and fear and we're already a panic that's clear all the measures of market momentum and risk appetite were already pointing to the overshoot phase of an incredibly long bull market the traders had been reveling in for so long and the fundamentals strong but so strong the risk of increased interest rate rises around the world has now spooked investors the dow jones industrial average tumbled another four and a half percent on monday the biggest loss in six years it actually most the largest intraday get klein of all time in asian markets picked up the sentiment in tokyo the nikkei down by a similar amoun

will to do things will bring down the value of the stocks of asian stocks the value of asian stocks as well as you know a threat to the flow of money into asia considering volatility has returned as and dry is pointing out down or how european trade is managing to keep their cool. well they're trying to rock the day i guess ban but this morning when i came through the stock market yes they were again very frightened after this massive landslide happening on wall street and yes we have been dealing with quite some volatility here at the frankfurt stock change as well by about two hundred points i guess in general investors here trying to keep thinking a little bit more realistic again they are not that scared of higher interest rates in the united states for example they are telling me that here at least in the euro zone they are very sure that interest rates will remain unchanged at least until the end of two thousand and nineteen and that's the spike what analysts are saying a deutsche bank they're not really rocking along they don't have a very rosy forecast for european stocks at al

for asian markets as we've followed the u.s. but what's happening in europe let's cross over to the frankfurt stock exchange down there what can we expect in european markets today and what does it look like right now. here hi there go ahead well the worst scenario that some of the investors were predicting already this morning so far it did not happen yes we are down here at the frankfurt stock market as well with a level of two percent down to twelve thousand four hundred and thirty points but the early four because look much worse some of the investors were saying that we that we would have even started another mark off twelve thousand points and let's have a local also across europe and the s. and i index in zurich also down with one point so. in percent the cac forty in pairs one point seventy five and the fourth c. in london with one point six percent down in general it seems that it was a first initial shock for investors but then they realize the situation is not a very bad of course markets are down we don't have to fea

then we look at asian pacificer islander income disparity. how bad is it? how do people cope?hat's being done to help? and we'll wrap up with an organization that helps with affordable housing, homelessness, and much needed services. all that, as well as information on the showcase pinays in the arts, as well as the upcoming winter olympics all on our show today. well, "box city" is a documentary about a homeless encampment that shows how many homeless filipinos survive poverty in the midst of the bay area's vast wealth. with me right now is the executive producer for this project through the filipino channel, henni espinosa, who is an emmy award-winning documentary filmmaker for her first documentary with the filipino channel, "the filipino champions of soma." welcome to the show. henni espinosa: thank you for having me. robert: give us sort of an overview of your film, as well as what was sort of the inspiration for doing it? henni: well, "box city" is a story about a group of homeless filipinos in san francisco. they're young, in their 20s and 30s. they're legal immigrants

asian stock markets plunge just wall street losses spread around the world. also coming up a former president to supreme court justices are arrested hours after the government declares a state of emergency. israeli forces kill a palestinian man wanted for the shooting death of a. tree. a council that can agree to take action. an escalating war of words between the u.s. and russia over suspected chemical attacks in syria. and our stock markets around the world have been plunging this tuesday asian markets have crumbled as investors took their lead from a huge selloff on wall street the dow jones dropped more than a thousand points on monday or more than four and a half percent that was the biggest fall in percentage terms since august twenty seventh in response japan's benchmark nikkei closed down four point seven three percent fall into its lowest number since october last year while hong kong's benchmark hang seng index lost almost five percent in its morning session putting it on track for the biggest drop since twenty fifteen or china correspondent adrian

asian stock markets showed early signs of recovery. the latest offering from north korea to its citizens. state media claim it's an exclusive technique that enables them to offer the beer to the people — all part of kimjong—un's plan to lift living standards. that story popular on bbc.com/news. let's take a look at some front pages from around the world. the financial times looks at the drive to get more vietnamese behind the wheel, with the creation of the country's first national car. vingroup is firing on all cylinders to get the new vehicle on the road within two years. they're to be unveiled at the paris car show in october. the south china morning post pays homage to one of the world's most distinguished experts on chinese civilisation. professor jao tsung—i passed away at the age of 100. his studies spanned eight decades and have been called irreplaceable. and finally, the japan times says the marriage of princess mako has been delayed. the reason? apparently it's due to a lack of preparation. the eldest granddaughter of emperor

david: at what point do we see asian central banks react? yet. at four rate hikes the you expect more central bankers in the region to tilt more hawkish than they are? tai: it is an interesting --stion because this affects is facilitated by the fact the u.s. dollar is weakening. asian central banks and emerging central banks, more flexible policy. in the past when the dollar is wereg, central banks forced to raise interest rates in tandem with the fed back in the 2000s in 1990's. now when the dollar is on the downtrend, central banks have more flexibility to look after itself. inflation is not a huge issue in asia yet. again, that allows asian central banks to have more flexibility to set an agenda. haslinda: given the scenario you painted, i imagine markets looking attractive because you look at where they are headed, $1 billion just this weekend alone, 14 billion year to date. how are you doing emerging markets? tai: very constructive in equities and fixed income space. coming in really functions as a number of things. global growth is sti

>> for us we are still quite constructive on european and asian equities.ouldn't say it is a blessing, but it is clearly a healthy and overdue correction. with been telling our clients, just a week before that the markets hadn't experienced this in more than a year. markets are overly complacent and got caught on the wrong foot. we have been advising our clients now to use this opportunity to build risk exposure using the cash they have built over the last few andhs and we are advising then in terms of sectors, we still like technology and with rising interest rates, we think financials should also do extremely well in this market. haslinda: so the market was complacent, but with the route several banks seem to be quite comfortable with what transpired despite the $5 trillion loss. thatard from the fed say they're quite comfortable with the volatility in the market. they seem to be in quite a comfortable and confident spot. fair to say that? >> fair to say. if you look at the reason behind the correction, it is a function of higher growth expectation and th

asian and european stock markets plunge as wall street losses spread around the world. for how britain is marking a hundred years of women getting the vote. a lot of three hong kong pro-democracy activists are walking free this tuesday after their convictions were overturned on appeal joshua one nathan law and alex chow had been sentenced to six months jail for unlawful assembly outside the court says the fight for the right to protest is far from over. even the judge just allow us to live to cause we still face the same range of prison sentences in the future which means that the court of appeal have fully a sat and thought the principle of the judgment from the court of appeal in the future if at a well organized action related to civil disobedience just like regains its core action will still face the sentence to be a lot of in prison for feel was even more than a year that's why i will say that is a long time battle for us well as teenagers the trio brought hong kong to a standstill in two thousand and fourteen as leaders of the so-called broiler protests thousands

♪ asian equities rise and u.s.utures point higher has a new trading week gets underway, but investors are still cautious. the inflation report is the next big hurdle. to finalize the transition of power by the anc away from the south african president. could this be a turning point for confidence in the economy. help us signs a contract for 20 new planes with an option -- airbus signs a contract for 20 new planes with an option for more. the ceo tells us he is confident emirates will continue flying high despite pressures facing regional customers. it is 8:00 a.m. in dubai. this is "bloomberg markets: middle east." i am yousef gamal el-din. we are off to a cautious start. i've rebound in selective markets in the asian equity session. gmm is your function. quite a bit of strength on the kospi. india up .8%. the backdrop is a weaker u.s. dollar, and notably so. it is in the bottom of your second column on your bloomberg. investors on edge after an inquiry into the financial system. the sovereign bond and commodi

asian financial markets a down off the stock markets in the u.s. suffered big losses. new doubts about the future of south africa's president as the a.n.c. calls a special meeting to discuss his fate. but first the u.s. is accusing russia of blocking a u.n. security council statement which would have condemned the use of chemical weapons by the syrian government at a meeting of the fifteen men the body the u.s. ambassador nikki haley said there was quote obvious evidence of recent chlorine gas attacks by the assad regime but russia has accused the u.s. of waging a propaganda campaign that while the debate was taking place at the u.n. in new york on the ground in. syria at least forty nine people were killed by government and russian airstrikes in both italy province and in eastern guta that's according to activists and in another development aid agencies are warning that hundreds of thousands of refugees are at risk of being false oblio returned to their homes despite the continuing violence is a diplomatic editor james bays. the attack was brazen and blatant at least

you know wish doesn't lead to denuclearize asian or in which no script confirms is intention not to do to denuclearize under any circumstances that could strengthen the hand of those in washington. who i have okayed a military option so. if nothing comes out of the talks beaten in the north or between north korea and the us. i think. you know it makes it it will. become those who. look for diplomatic solution and the tall scan confirmed that diplomacy is useless if north korea has no intention to diena cries north korea has warned both south korea and us against a resumption of annual military drills the two countries hold near the north korean borders my understanding is that they will go hadis planes now will the drills i'm knol all the progress made between the two koreas at the olympics well i'm i'm not sure where those korea has always been opposed to. joint military drills i don't know how do you from they are this year. if they are desperate. to. reduce any pressure for. sanctions and military option which stand in the way of their ultimate call of nuclear armament then i think.

a recovery ining the asian session.seeing downside when it comes to aussie stocks and japanese equities are taking -- taking charge when it comes to this recovery rally. topsy-turvy session again in the u.s. it does not seem like certainty as much of a bit these days. david: not just at. china coming out with some opening numbers. a little bit lower. a few seconds into the open. we did gete things, a strong fix from the pboc. hopefully in the next 10 hours or so we get trade numbers out of china just to get a pulse check of what the markets are doing and the economy is doing is doing as well. while we are waiting for that the chinese markets opened up. sophie: shaping up to be the worst week for chinese stock since january 2016. the worst weekly tumble since then, over 4% potentially. the mug is not shifting so far. large caps extending losses for a third straight day. the recent selloff for the csi 300 leavings -- leaving the index below target of 4500 points. and the largest upside along -- among asian peers tracked b

that is why we are seeing most of the asian indices at multi—year highs.gh, according to that previous report. it is because of a recovering economy and robust corporate earnings. but markets cannot always go north. they always have to go through a correction. so, this may be the time for market to come back a bit because of overbuying, overheating, in the markets, and perhaps valuations are too high, so people are rethinking their strategy, if a high interest rate outlook has an impact on corporate earnings, not only in the us, but also here in asia. thank you very much indeed for that, rico hizon. let's ta ke let's take a look at some of the other stories making the news. the disgraced former doctor, larry nassar, has been sentenced to an additional a0 to 125 years in prison for the sexual abuse of young female athletes. he's already facing a lifetime injailfor two prior sentences. the latest sentence ends the criminal proceedings against nassar, who abused girls and young women for over two decades. the south african president is under mounting pressure

the hong kong stock market was one of the worst performers on a day when asian markets weren't able to protect themselves from contagion after the dow industrials steep a sell off in six years. the sentiment in hong kong and there are a little bit nervous and a little bit not going to have and people are still waiting for. the dow jones or the do as markets will stabilize before they can come be fully committed to buy into the market at this point japanese stop spring spared either anxiety is writing high like. normal it's probably because of the plunge in the u.s. i thought the economy was in good shape but share prices going up stupidly but a sudden drop like this makes them look and clear the stock prices went up too far without theories and it's time to hold tight but you cons chief cabinet secretary cut a more circumspect figure so if push through a government has not changed our view that the global economy including that of the u.s. continues to be firm but watch how the worldwide financial markets develop it will . commit. in the u.s. where the turmoil kicked off the government

we are down by .6% overall in the asian session.emember that china and taiwan are still close, but most of the asian indexes are in negative territory. hong kong had its head above water the earlier, that has come to the downside. one thing we are focusing on as we get closer to the u.s. session is u.s. 10 year yields. and that ofove 2.9, course throws into focus the big auctions late we have for this week. we have $151 billion of short dated bills just today. how high will those yields need to go to get this kind of borrowing away by the u.s. treasury? and because it was president's day yesterday, and because we work in the united states, we put the dollar spot index, up by .3%. manus: welcome back from president's day. let's have a look at what all of that richness means in the bond market. will they show up and buy the bonds? is it getting rich enough? this could be the battle royale between the asset managers and hedge funds. do we have gathered for you here is a difference of opinion. we have the asset managers and funds, the t

asian stocks in u.s.utures pointing higher, investors assess the invocations of the recent market turmoil. joining us is the coat cio of cap corn fund managers. good to have you on the program this morning. let's talk about what we've seen in markets since the start of this week. have a con down sufficiently to get your toe back into global equities? do they go higher from here? >> i think we've had this correction while ago. it was building up within the system and we saw that 6% move in the dow that shocked the markets. the vix going up. now we are in a stabilization phase and people are questioning are all the consensus trades the right trade. bonds are at the edge. periodin a stabilization , but i'm not sure we are out of the woods because things are so on edge. anna: and how much of an inflation threat there is out there. i have this chart underlining the selloff we have seen in global indices. us msci world index showing -- in the blue moving lower. do you think we are under or over pricing the exte

as you consider that jpmorgan comment, and as you look to the asian markets, where the best trades at moment, in light of higher volatility, and at some of the other shifts we are seeing? reporter: in general, we are looking for the asian currencies .4%e to strengthen by 2 against a weaker u.s. dollar this year. in the u.s., yields have been rising. it was not as effective this year because fundamentals last year or weaker. some of the countries were weaker. competitorore of a then. i really look at the dollar to express my view. it has actually managed against a broad basket of currencies, which asian currencies for path of that basket. to play the positive view on the asian currencies, you have to use the dollar. 4%are looking at a 2% to upside for the rest of this year. let's talk about the dollar -yen. currencyg yen, japan's still in demand, even as the equity story begins to recover. you are looking at here, the bloomberg correlated weighted index with the yen versus nine other currencies. that is at the highest level since december, as you look forward to the scenario of another

this is of course were asian is taking its cue.s chart you see the nasdaq as the green bar, positive for the year. the dow jones industrial average off 0.5% there, that is the white bar. 2is chart really shows those days. finally, with the cpi data out of the u.k., i want to show you pound volatility. a hawkish bank of england, along with questions surrounding brexit, what's going to happen with the future of the u.k. mashed up against the bank of england, with that message that we are going to get more rate rises. watch for u.k. cpi today. hawk yesterday saying that growth is holding up and inflation is above the target. pound volatility is one to watch. manus: some breaking news coming through on gucci. it looks like gucci is making a comeback in the holiday sales. profits full-year topping estimates as holiday sales surge. up, you just look at some of gotbrands there, you've gucci. gucci had comparable sales at 43%. i don't have any of these in my wardrobe at home, i can't afford them. [laughter] anna: maybe you've got some leis

that most korea has no interest in the new craze asian and those who still believe in diplomacy will become the biggest losers in washington so i don't think north korea is ready to accept or to nuke radiation at this point and even if the meeting took place i don't believe it could have produced any positive result it could have been. it's more likely it was more likely to produce a contest trophy rather than a positive result so in that regard i think. whatever the reason most korea was a smart. too in some ways to refuse to sit down with the american vice president if they were not ready. to to accept. as a principle but ambassador united states demands of north korea very trusting saying a complete abandonment of nuclear weapons do you think this all or nothing approach will work well it should be made to work and the denuclearization doesn't mean anything if it is not complete if we allow north korea to keep. a part of the nuclear arsenal for a republic for japan. for those who live in this region. so same spread from most career it doesn't make much difference so it's not the n

volatility still rising in the asian session. we have the rio numbers. be in play? goldman sachs says you want to be involved. you want to buy the market. you are still bullish on commodities. look past the technical reversal. signs.ld say beware the by 2.45%.s down to a certain extent, let's double check those future prices but we will keep an eye on these prices. there's a difference between europe, where it is finishing and picking up from that asian session. we look for little bit of a rebound at the start of the trading day. it might not derail any bounce that we see in equities. the estimate was for a drop in the estimate was for a slightly bigger drop but it's not out of the ballpark. the estimate was -0.7%. engine,an growth domestically by the consumer story and also by the global growth export story. there's a fairly complex deal being done around wages with the union over in germany. aside from that, it includes some one-off payments. our colleagues and germany say this should cheer up the ecb. it should move wages -- wages and even inflation.

yes, so we recently sat down with the head of asian business in singapore.shared a very interesting planningn what uber is to do. there has been a lot of speculation the softbank having completed its investment in uber . that has led to a lot of speculation that maybe, you know, uber would withdraw from some of the markets in asia because, obviously, softbank is the biggest shareholder, and they don't want to invest in companies to compete with each other. said that's not the case. they are not really pulling out. on the contrary, they are going to aggressively invest and expand in asia. david: tell me this, though, because there was earlier speculation, and if you could help clarify the details on this thing as well, that there were as far as the singapore operations were concerned, would acquire the business there. yes, there has been speculation. the sources have told us that there are some preliminary talks andeen uber and grab between uber and the company in india. it is backed by softbank. the sources are telling us there are some preliminary talks, bu

asian markets were whacked l t week.ted off the week talking about support of buying from china, that was the hardest hit by the end of the week. what are we expecting? should discontinue -- this c ontinue? testvestors should tepidly the waters after the worst week for asian stocks since 2011. at macro risk thesors is saying this is time to expect markets are settling down. stocks in sydney are extending friday's losses. jp hi-fi is the worst performer so far on the asx 200 after reporting an industry wide inquiry and missed estimates. u.s. stocks took a more positive turn on friday. japanese markets are looking at a hall today. fourth quarter gdp data is due on wednesday. payment potential real comes at a critical time for the stock market and yen. pointed out earlier. much on the data docket that could change sentiment. inflation updates are going to be key this week from asia, as well as the confirmation as to where central banks will take monetary policy directions. ramy: what is interesting is the flight to save hav

to summarize the talking asian metropolis. hello there we're seeing some heavy snow over moscow recently we've seen so much snow that it's actually brought down over two thousand trees and that in turn has brought down some power lines as well and it's also caused a fair amount a disruption now on the ground there around fifty centimeters of snow that's just lying there at the moment now fortunately it looks like the worst is over the system responsible for all that wintry weather it's gradually pulling away towards the northeast but behind it is going to tell a good deal cooler so the maximum temperature on tuesday we're just looking at minus ten so very cold day hair still the end of the snow over europe though still for the southwestern parts there this sick elation here has gradually edging its way across parts of france and across the alps as well still more wintry weather out of that and further south where it's a little bit too mild to see snow we'll be seeing heavy rain the work its way across italy and eventually acro

why don't you try my asian fried chicken sandwich?e with crispy fried chicken strips, crunchy asian slaw and a gochujang mayo - all on a toasted baguette. security! get him! you afraid of a little competition? you want to go to war with me, jack? do you really? oh my gosh! what! i can't smell! i can't smell! ♪ introducing my food truck inspired sandwiches. only at jack in the box. >>> here's a look at today's forecast in some cities around the country. >>> there's new hope in children with peanut allergies. the powder is sprinkled over food to help kids with allergies build up a tolerance. the maker of the treatment says it plans to seek fda approval later this year. >>> and coming up only on "cbs this morning," the mysterious death of a border patrol agent. the fbi says it was an accident. david begnaud is headed to texas to look at what happened. i'm anne-marie green. this is the "cbs morning news." people would stare. psoriasis does that. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept

asian stock markets have followed those in the united states and have fallen steeply. the european trading day will begin. let's stay with that now. david kuo is a stock market analyst for motley fool in singapore. he is based in singapore, where he is in our bureau right now. nice to see you, david. what is your thinking? are you thinking this is a scary correction or is it a crash? well, neither of those two things. i think it is a great buying opportunity. i think if you have a look at what has been happening, the global economy is actually improving. we are getting synchronised growth and, perversely, the stock—market crash has been caused by the fact we are getting some good economic numbers, particularly in america. so it will be short lived and the good times will return, is that your thinking? i should think so. up until recently many of the people who were forced into the stock market were being pushed into buying shares because there were no alternatives for them. if they put their money into the bank they earned nothing, they could not really afford to buy p

or as an asian at the time.you know? at that time at least everything was black and white in deep south. and i fell, literally fell into the the vacuum in some ways and struggling and bumbling. so i guess in terms of, you know, knowledge and the recognition i had a lot of kind of pitfalls in the short, you know, blind spots. and bob was very perceptive in dealing with my first book, you know, with charlie chan and most recently with the siamese twins book, you know? he was absolutely great in terms of rescuing me from some of the pitfalls that my, you know, potholes lying ahead. and taught me a great deal about, you know, he's a big lover of history, and he knows everything about history, the passion for history. and on their side, you know, the depth, in-depth knowledge, but also i was trained as a literary scholar although i was sort of a poet, but bob really taught me how to, you know, switch from, you know, a writing position as a scholar to a narrator, to a storyteller. so recently a fiction writer friend o

direction from asian markets as well.of the chinese markets down 4% over a period of four days down. 6% of a month. a lot of people are asking if it is tied to this or like catching a falling knife? there are two views out there. the shanghai and hong kong markets have just open. but skip to sophie for the latest numbers. a lot of metaphors being rolled out regarding the turmoil we sign asian markets last week. we are seeing this shape up on the mainland after the worst a week since january 2016. now the data front, we are waiting for figures that could come at any time this week from china. the leveraging campaign, we will see if there is any reaction to the latest on the andy are sees move to restrict outbound investment in more sensitive sectors including properties, hotels and sports kicksas a new restriction in on march -- march 1. less chicken on the hong kong after a rough white. -- a rough ride. are is how the benchmarks shaping up. let's check in on developers in china and hong kong. this is morgan stanley. of se

on the markets, we do have a acrossbit of movement the asian region.to highlight that we do have stocks on the mainland of china seeing little change now as we wonder whether national brokers have come in to help e ase those losses. down 2.6% of25, soq volatility returns with a vengeance. and you have bond market jitters bounding within the week. you have the philip lane, australia and india due. we have been focusing on the samsung story. , walking three. walking free. shares in shanghai, they have swung higher. the last word on the aac technology, we did get an aacade to the stop, helping technology. manus: sophie kamaruddin, thank you. we had the spread across international markets, asian equities in the red. we've taken you through the gambit of all the points and they are all in the red. anna: yes, european features and u.s. futures, suggesting we move lower. .oining us now, stephen say we had a conversation during the last hour, whether this is healthy, cathartic, or something more enduring. do you know? >> i would hope i have some insight, but p

check what is happening in the asian section.verything is nervous given what we saw on wall street yesterday. everyone is nervous given what we saw on wall street yesterday. down by 2%. reallysian markets joining the selling party. we see substantial offers coming through today. we are down by 5.8%. down very strongly, as you can see. stock markets are asking themselves how they are coping, how they're going to cope with higher interest rates. how were they going to cope with the repositioning we are seeing around volatility product? those two challenges still working their way through the markets. we thought that was done at the start of this week. it seems as if that was not done. futures are fluctuating over in the united states. they have proven as to where we head. or to where we close out the u.s. sessions this week. there has been a lot of you'd -- volatility in those futures. this is really interesting. we have been talking about how some of those safe haven assets have not been playing the role you expect. is down today.

asian stock markets show early signs of recovery, after a roller coaster ride in global share pricesthe past 2a hours. the families of those killed in an ira bombing in london's hyde park are awarded legal aid to sue the suspect. and we have lift—off, for what's being called the most powerful rocket ever built. hello. a strong earthquake in taiwan has left a 10 storey hotel tilting perilously, rescuers are searching for people trapped inside. two have died and about 200 are injured. about 150 have been rescued from pa rtially—colla psed buildings in the city of hualien, a popular tourist destination. this is the scene live right now, i think we can show you those pictures just coming in. two people killed, 114 injured, according to the latest government figures. it is believed there are two men trapped inside there, you were working on the front desk of the hotel. that extraordinary scene, as rescuers we re extraordinary scene, as rescuers were pointing out, what looks like the ground floor is in fact the third floor. andrew plant has the latest. daybreak in taiwan. the power of this

asian stock markets show early signs of recovery after a roller—coaster ride in global share prices inast 2a hours. the us vice president mike pence arrives in asia to meet japan's prime minister — and before heading off to the winter olympics. and we have lift off — for what's being called the most powerful rocket ever built. a strong earthquake in taiwan has left a ten—storey hotel tilting perilously. rescuers are searching for people trapped inside. two have died and about 200 are injured. about 150 have been rescued from pa rtially—colla psed buildings in the city of hualien, a popular tourist destination. these are the latest pictures just coming in. when we look at this hotel, in the long shot, you can see ina hotel, in the long shot, you can see in a moment that it is tilting at an extraordinary level. what looks like the ground floor is in fact the third floor. the rest of it has sunk below ground. until recently we were told there were several people trapped inside. 1—man was rescued largely because he had his phone with him and he could shine a light from the phone. rescuers,

the hong kong stock market was one of the worst performers on a day when asian markets were unable to protect themselves from contagion after the dow industrials steep a sell off in six years. the sentiment in hong kong and there are a little bit nervous and a little bit not going to have and people are still waiting for. the dow jones or the do as mark as will stabilize before they can come be fully committed to buy into the market at this point japanese stock split spare die that anxiety is writing high like. normal it's probably because of the plunge in the u.s. i thought the economy was in good shape with share prices going up stupidly but a sudden drop like this makes them look unclear the stock prices went up too far without theories and it's time to hold tight but you pounds chief cabinet secretary cut a more circumspect figure so if push through a government has not changed our view that the global economy including that of the u.s. continues to be firm will watch how the worldwide financial markets develop. will commit in the u.s. where the turmoil kicked off the government a

asian central banks, the nervousness will come from the dollar.nd and decrease pressure on asian currencies or em currencies. and they may have to pay more attention, as we saw yesterday. that does not seem to be the issue now. in your view, is this market on its last legs, this bull run in u.s. equities? mr. tai hui: not necessarily. in our view the u.s. economy has plenty of room to run. if you look back to history, markets do not decline or correct or go to bull market simply because of volatility. it needs to deteriorate, and so far we have seen no signs of that. tom: how do you think the pboc is reading this? will seeui: you management being taken up most seriously. we saw the chinese onshore market reacted with a two day time lag. they will be cautious. it is not the equity market per se. it is more to do with it the currency and a spike in bond use in the u.s. and how it could potentially impact on shore rates. there is a good short -- there is a good correlation. that will be one of the parities. tom: there have been questions about whethe

pile the pressure on asian assets and commodity trades?iggest bank posted net income of 69 million euros. we speak to the ceo. >> in the fourth quarter we do better than our peers. it's a very modest decline. i only know when i look at the figures. the decrease is lower than the others. good morning and welcome to bloomberg markets. i'm matt miller in frankfurt. i'm prepared to go over and interview the cfo of commerzbank after they also beat expectations with earnings this morning. guy johnson is at our european headquarters in london. financials are actually the story this morning. it's interesting to see what's going on. this is the picture. aboutworry too much travel and leisure. it's the insurance sector at number two in the banks at number four that is really interesting. the insurers out of zurich are trading really strongly. that's a really solid day. enoughe don't worry about travel and leisure. we probably-- guy: should worry more. the financials are really driving the story this morning. doing as well this morning, europe would

let's take a look at the asian equity session.has been in rehab after the stresses of last week. they are up 1.1 percent on the msci asia-pacific, excluding japan. futures point higher. there is a lighter tone to the geopolitical conversation, based on words from mike pence. that is helping. risk-on in there markets. it takes away from the dollar and boosts some currencies today. dollars bought index down .3%. data onnflation wednesday. in the meantime, look out for budget commentary today from the trump administration and anything big report on infrastructure. i mentioned the letter tone to the geopolitical conversation. are mentioned the lights tone to the geopolitical conversation. could with the conversations taking place -- could we see conversations taking place? we see the korean won is on the rise. we have breaking news. heineken up 3%. that mrs. the estimate. misses the estimate. the profit margin will expand by 25 basis points this year. they are also driving hard in mexico and brazil. a have a solid african and middle e

stocksre seeing asian recovering, halting a three-day decline.ing led higher than the dollar by the korean won. investors have some better focus on eco-data as well as trade data from taiwan and malaysia. earnings are helping japanese sold to- after being much, bargain hunters are piling in with cheap valuations. the topics has fallen to a september -- topix has fallen to a september low. as you can see on this chart, we are seeing it bounce off a key support in intraday trade. -- investorlikes should not be lured into rebounds that tend to follow any significant correction. the sales pressure is not likely to end soon. bit of dampening that we are seeing so far to date. take a look at the bond space, looking mixed today. the commodities complex, we are seeing oil halt a three-day drop. brent on the up. again.ockpiles will fall you have gold gaining 4/10 of a percent. earlier, we had goldman sachs telling tom mackenzie that gold is being supported by rising asian wealth. he stands by his bullish commodities outlook. haidi: thank you so much for t

asian stocks set to snap a 13 month rally. come up check out the tumble in indonesian debt. hong kong bonds catching a bid as the hong kong dollar moves closer to a 2007 low. when it comes to the equity space, china and hong kong bearing the brunt of losses as investors turned cautious with earnings season about to start. h-shareings for the index have turned wild, making the benchmark the world's most volatile. in the commodities space -- currency space, the korean won holding on to gains. 392malaysian ringgit at before inflation data. the yen gaining ground after the boj tightened its longer-term jgb buying. some stocks in the region, harvey norman shares sinking the most since 1994 as early second-half sales slow. yahoo japan falling the most companyril after one plans to sell its stake in the company. kuten gaining ground. even as it faces japanese expansion of amazon. fung jumping on a day when we see what might be revealed in hong kong budget. rishaad: nice one. sophie kamaruddin there. boj under pressure. curveld be a s

why don't you try my asian fried chicken sandwich? it's made with crispy fried chicken strips, crunchy asian slaw and a gochujang mayo - all on a toasted baguette. security! get him! you afraid of a little competition? you want to go to war with me, jack? do you really? oh my gosh! what! i can't smell! i can't smell! introducing my food truck inspired sandwiches. only at jack in the box. >> announcer: live where you live. this is abc7 news. >> education in high school doesn't just take place in the classroom. sometimes the gym can provide an unlikely lesson. that is what some students learned after a racially insensitive chant during a basketball game. >> it has spurred discussions about tolerance at burlingame high school. >> reporter: there is a spirited rivalry between mills and burlingame high school. chanting we can't hear you. >> some people from our schools we can't see you referring to the eye shape and eye size of the predominantly asian population at mills and that i think the nature of these chants were not meant to be a jo