southeast asian refugees. they arrived in the 1970s and 1980s, some of them as late as the beginning of the 21st century. and the migration of these asian refugees was a turning point in several different ways. number one, in the 1970s, refugees were accepted for new reasons. for the first time, the united states wasn't just accepting refugees because they opposed communism. the united states was accepting refugees on the basis of emerging humanitarian commitments to human rights. number two, during this period, refugees were accepted and resettled in a new way. we're talking about a huge refugee migration here. over a million southeast asian refugees came to the united states in the last couple decades of the 20th century. and that refugee migration and the amount of work that it took to coordinate relief and resettlement efforts, both overseas and domestically, made government officials realize that they needed to have a more systematic and organized and permanent way to respond to refugee crises. so it's in

and these are expected to be history making midterm elections many asian american feel a committee of asian american republicans to the program he joins me from orlando florida a very good day mr lee happy election day now historically americans asian americans have a favorite the republican party where do things stand now is that still the case well that historically you feel that day to senior bush time or even a little bit after that you have more asian american going to republicans than democrats however the saying has been changed in the last two almost two decades last time with the clinton versus trump asian american still two to one on the democrat side however you will see a lot of sea change especially in battleground like a florida you will see asian american are rethinking our value who will preach sense us better so you will see a kind of a changing starting in the recent days right now of course i want to emphasize i say is an american community because like any other community it's a very diverse community with diverse political views and political beliefs having said t

asian markets follow wall street lower as investors hang up on apple. let's show you how they trade now. you can see injapan that this is a recovery, believe it or not down over 3% up not that long ago. italy and the eu remain locked on collision course. today is the deadline for rome to resubmit its rule—busting budget to the european commission after its unprecedented rejection last month. but italy's populist government has said it won't be making any substantial changes. at issue is the government's plan to raise spending by 2.7% compared to last year, as it fulfils election promises such as a minimum income for the unemployed and scrapping extensions to the retirement age. it plans to keep to a budget deficit of 2.4% of economic output — orgdp. but that's three times the target of the previous italian government. one eurozone official is reported to have described that as "complete insanity" given italy's national debt of $2.6 trillion. at 131.8% the size of italy's economy, it leaves greece as the only eu country with a higher debt burden. brussel

, and sharanjit leyl told southeast asian nations, asean, and shara njit leyl told us southeast asianharanjit leyl told us what on the agenda. these world leaders have gathered here for the asean and east asian summits, of course as you mentioned those leaders of india, china, russia, they are all meeting their south—east asian counterpart in the conference centre right behind me here. in fact, in the conference centre right behind me here. infact, rico, we saw the chinese motorcade arriving. iand assuming saw the chinese motorcade arriving. i and assuming it contained china's literature, india's narendra modi, they are all speaking with south—east asian counterparts around a host of topics, we have security in the south china sea, the rohingya crisis, the denuclearisation of the koreas and of course the trade pacts that are out there. chief among them the comprehensive and progressive trans—pacific partnership, the comprehensive and progressive tra ns—pacific partnership, the revised tpp. we know the us pulled out. it is still set to go into effect without the us. in fact. six nation

so not catering to the asian-american voters. it's building a coalition and reaching out to diverse group of voters. but also even the obama effect, we have a number of obama appointees, like andy kim in new jersey, also positioned to potentially win that race. he was appointee during that time period. and he was inspired to run. so, we're seeing that. but also once again the population growth, like in orange county, there's a large vietnamese population and now for this election we actually heard that there are 24 vietnamese americans who are running for office and 13 of them have the same last name. nguyen. so they have differentiate themselves. we've never seen that even when there's a growth of population. >> it does sort of signal the growing diversetive of the electorate and those running for office. want to get to this point we are going to get to since we started and that's voter suppression. so, this is really the other side of the voter participation. we're talking about with christine building institutions or organizat

be like asian people?hey come here, they build businesses, you know? they just, quote-unquote, assimilate. >> host: well, what's hidden in that model minority native about asian-american immigrants is all of the structures that were there to support us. so my family, for example, is a middle class family in india, and the 1965 law did prefer asian professionals. >> guest: yep. >> host: so what you have immigrating is lot of asian professionals, lots of nonprofessional asians as well who are working as domestic workers, for example, or other low-wage industries in this country, restaurant work and so on. but such a huge portion of the asian immigrant demographic is very middle class. >> guest: yep. >> host: and has the advantages of a middle class life, has the money, has some education -- >> guest: access. >> host: -- has access, yes, social access. and so the, what goes untalked about partly in the media and in the stories that we tell about asian-americans is what kind of help successful people had, how

syrians and arabs were not, and neither were south asian indians. they could not marry white people, and so on. but absent some social reality -- in this case, it is immigration driven. real diversity in these big cities on both sides of the tlantic -- i think over time, yes, it would be incentive to identify yourself as this category or that category depending on one of your grandparents. but over time, the melting pot is working. so, why am i pessimistic about hat happening? because of dem graphy. -- denothing raffy. -- demography. again, the native fertility rate in western societies is below replacement. i'm in favor of it. we need to have replacement immigration of some kind in order to have -- prevent the population from going into a death spiral. the east asian societies have avoided having significant immigration to date with not terrible impacts, but i think when your birth rate is 1.4% or 1.7%, and it takes 2.1% to maintain a population, and you are losing 1/4 or 1/2 of your population every generation, at some point there is a crisis ther

executive director of asian and pacific american vote involved in asian american voters and the organization efforts strengthened grassroots programs by reaching out and mobilizing asian american and pacific voters to the polls. christine has more than two decades of experience in organizing and advocating on issues such as immigration, hate crimes, the census, racial profiling, voting rights and election reform. given her decades long commitment to these issues they are still in the forefront today that we are looking forward to hearing what you have to say that the minority voters and specifically the participation. the associate professor of political science and chair and director of the political

and the founding executive director of asian and pacific votes known as api a. of th the organization's efforts have strengthened the local grassroots programs by reaching out and mobilizing the asian-american and pacific voters tond the polls. for more than two decades of experience in organizing and advocating on issues such as immigration, hate crimes, action, racial profiling voting rights and election reforms. the. specifically around the participation of the associate professor of political science and director of graduate studies in political science department at howard university where he teachess courses on african american politics come interestt groups, the presidency and political parties. he served as a civil rights analyst at the u.s. commission on civil rights where he conducted research on such issues such as fair housing and is the author of thee republicas vote that analyzes the historical relationship between african-americans and the gop. i want to start with this general question. after two years of the trump presidency. the country is divi

asian people?the come here, they build businesses, they just assimilate. >> what's hidden in that, minority narrative, is all of the structures that were there to support us. my family for example, is a middle-class family in india. the 1965 law did prefer asian professionals. so what you have immigrating is asian professionals, lots of nonprofessional agents as well who who are working as domestic workers for example, or in other low-wage industries. such a huge portion of asian immigrants, demographic is very middle-class. it has the advantages of a middle-class life. they have the money, education, has access -- social access and so, on top -- on partly, the media and stories that we tell about asian americans is, what kind of help successful people had. how they were plucked. to get a particular profile. then how the profile -- what how we behave and think. you write in the book, black writers challenged me to find my place here. they created a space for me to claim. i think you are saying, in

catering to th the asian-americn voters because according to the polling they also have an advantage when it comes to the issues of the senate races they have 50% that were surveyed and looking at the voting for the democrats and then around at the same amounts for the races as well. but there are still even undecided voters going to this, so it goes back again to what are the campaigns and the party is doing to gauge these voters as they critique them as and as we work with local nonprofits in the 27 states, they've been doing voter registration, phone bank in, door knocking. we sent out over half a million mailers and language and we translated to nine different languages in different states. some of them are even saying how did you get my phone number or address so that tells me no one has even touched them. >> we are going to talk in a moment about asian-american voters and one important thing to know which i'm sure you are going to remind us of that they are not among the lists and so the statistics that you gave about the 50% in support of the particular political party is wort

which is top the box office the first all asian. that's been celebrated by a great deal of asian markets is it wrong to celebrate that black americans or look at black panther and say finally a movie with a black black director is not something to celebrate or is that something you think is dangerous or wrong i'm think it's dangerous or wrong i mean i don't you know particularly celebrated but you don't care that. people who look like you should be able to get represented something it's not really a movie about america a lot of rich chinese in singapore you know i mean they're connected to america but you know it's a phenomenon about the world like there is about a fictional country it's not about the story about it's about who you see on the screen the writers the direct to the actors who you have as role models but you know i think that's important to you know in this age of identity and i think i've had a pretty interesting successful life and it never depended on me seeing a lot of asian role models out there. you know i never t

it has been a great november for asian investors.hat's the first monthly gain for the msci asia-pacific index. let's look at some of the stocks we are watching. they are really trying to stabilize the share price. there is a very popular selfie app. have is concern it may taken too much. from its consumers. it has -- data from its consumers. lost $480 million in market cap over the last two sessions. >> thank you. today we are asking the question on mliv. what asset will move most on a trade ceasefire? you can join the debate and reach out to us. now let's get the bloomberg first word news. : federal reserve officials have signaled a more flexible in their interest rate increases after a hike. said their language regarding expectations for gradual increases may need to be modified at a coming meeting. in an interview with bloomberg said it is ready for brexit, set to take place in less than four months. we have been hoping for an organized separation. with contracts and capital. >> china's economy in november shows factory activity c

the interestingly test case is where the asian identity goes. it's a very perverse thing. there is the narrative out there we saw with the sara jon episode of the "new york times" the asian who was hired to run the editorial board pages who had a history of tweets about the anti-white. well people got upset about this where as sara jon is a boring product of the american academy. imbd who was surprised by sara john has not been paying attention. but there is a divide in asians between those who support meritocracy, and color-blindness, we see them in the asians that are supporting the lawsuits against harvard, possibly other places and that understand that new york city, which is trying to close down its merit-based competitive high schools and impose racial quotas on those schools, there's a large chinese contingent that's trying to fight that. nevertheless you can go to any american campus today and find asian students choosing to identify as students of color, rather than stay white. and the irony there is that the administration doesn't regard asians as people of color

it spread into asia and we've seen asian technologies weaker. also another dynamic going on in asia and that's to do with trade. some optimism about the visit to the united states later this month. i put in here the euro and the pound as well. both of them bouncing this morning. both of them sold off yesterday on tensions around becks be the -- -- brecks and i am the this morning we have a trio of better model music, if you look -- like, around brecks it. there is an outline of the deal we're told but no deal has been don't. we're continuing to watch the politics there and in italy. yvonne has more from hong kong. >> you were talking about how things are ugly here in the asian session but we are off those lows here right now after we got that headline about china's economic advisor said to be meeting with the secretary treasure on trade. to pave the way for the g-20 when president xi and president trump meet in buenos aires. we saw stocks jump a little bit and the dollars coming off those seven-months highs. still 225, we are lowing -- lower to

it firstjumped in asian trade, a sign a lot of asian investors think this report might be the much—neededer so after so much uncertainty over brexit. the pound rose as much as .6% against the dollar in the asian trading hours following the report by the times, but british and european negotiators had reached a tentative agreement on a future partnership on services as well as the exchange of data. we knew the pound had been losing quite a lot, some 3%, against the us dollar in the last three weeks, that's as investors worried about how brigid would manage an orderly exit from the european union. we saw the pound rising against the yen this morning and the swiss franc —— britain. traders saying it is hard to make a call on where the uk pound could be heading next, whether this euphoria over a newspaper report is set to last. headlines about brexit seem both optimistic and pessimistic, they say, and until march the 29th, the day britain is set to leave the european union, and even beyond, its fate seems determined by the vagaries of the determinations and outcome of brexit. thanks, sharanji

i would say that the asian market, asean itself isa that the asian market, asean itself is a 600 million fast. the economic potential is huge, right? by 2015, the common gdp of these countries will be fourth in the world. we can't underestimate the importance of the asean region —— 2050. we have a saying in russian i want to translate in english, russians start very slowly but then later we moved very slowly but then later we moved very fast. i know it has taken some yea rs, very fast. i know it has taken some years, but once the direction will be set, things will start moving much faster. india, where information has eased toa13 india, where information has eased to a 13 month low, as food prices remain subdued. that allows room for the central bank to hold interest rates when it reviews monetary policy next month. at the same time, the rupee fell against the us dollar. divina gupta joins us from delhi. what does this actually tell us delhi. what does this actually tell us about the state of the indian economy? well, it's a bittersweet piece of news for the indian economy because on one

— asian stocks follow the us.ct. the bank of england will today laid out to the assessments of how britain leaving the eu will affect the uk economy. hello and welcome to asia business report. asian stocks have followed the us higher and that is after donald trump's economic adviser signalled that the deal may be possible to end the us china trade war, while beijing's response so far has been disappointing, it was added that there was a good possibility that there was a good possibility that an agreement could be struck. his comments come two days before the us president and china's xi jinping are set to meet at the 620 summit in argentina. 6eoffrey 6arrett from the university of pennsylvania and told me why the us is going into this meeting with such a strong hand. there are two reasons the us is in a relatively strong bargaining position. the first one is that the chinese domestic economy is that the chinese domestic economy is experiencing real wobbles, where as the uf economy looks like it is going from streng

the interesting test case right now is where the asian identity goes. it's a very perverse thing. there is a narrative out there that we saw with the sarah jeong episode at "the new york times." this asian that was hired to be on the editorial board pages who had a whole history of tweets about there were anti-white, so people got upset about this whereas sarah jeong was simply a boring product of the american a academy. anyone surprised by sarah jeong has not been paying attention and there was a divide in nations now between those who support meritocracy and colorblindness. we see that in the asians supporting the lawsuits against harvard and possibly other places richard sanders brings up and that understand that new york city, which is trying to close down its merit-based competitive high schools and impose racial quotas on those schools. there is a large chinese contingent trying to fight that. nevertheless, you can go to any american campus today and find asian students choosing to identify as students of color rather than, say, whites, and the irony there is that the admini

we have seen a raft affect went on asian stocks -- went on asian on asian weighing stocks.concerns of slowing chinese demand. iron ore futures also lower on concerns of slowing demand. 2% inong is off by about late trade. tencent really went on that index, and japan's market hit by what we have seen from nissan and mitsubishi motors. 0.4%.x 200 off by unemployment, which is at a six-year low already, could jump even further. a very strong shine coming from the indian rupee at a two-month high. this is as we start to see a lot of those concerns about reserves their easing. we have been watching the yen fairly steady at -- versus the dollar at the moment. the thai baht extending its losses against the dollar. we had a gdp print coming out of thailand and they have a central bank decision coming up, and weaker thangrowth what was expected to come in. anna: thank you very much, juliette saly in singapore. trade tensions clearly one of -- at across once at the market -- a cross winds that the markets are having to deal with. which assets will see the largest reaction to a u.s. t

men who are very angry at a lot of asian women authentically because they are married to non- asian men. i am married to a white man. they periodically come at me on tweeter - - on twitter or elsewhere to call the terrible names or a race traitor or my son will be mentally imbalanced and horrible stuff. they sporadically pop into my website and this we are startled by this because i don't think of myself as hating asian men. but that wasn't something that i expected to deal with and i was frustrated and i put it on twitter if the goal was to make me be quiet i did not feel like being quiet anymore. a lot of asian said we have been harassed in similar ways. and with this dynamic in the black community and similar. so i ended up writing this piece for "new york" magazine because it seemed like nothing anybody wanted to talk about like i must've done something wrong. and then the roots are misogynistic. that these are women and you are taking them from us. like we owe them because interestingly they are totally fine dating white women but they have complicated theories why that is okay

the problem isn't so much that asians are not buying american cars because of any kind of trade disputerican cars as they don't like american cars as they don't like american cars. to big e? all sorts of reasons at. if you look at the big car companies, they have about 45% of the us market. japanese cars have 39%. japanese cars are popular in america, see that you ask yourself what are the japanese doing right, rather than what they are doing wrong, to stop american cars from coming into asia. in other business news, donald trump expects to move ahead with boosting tariffs on $200 billion on chinese goods to 2596. on $200 billion on chinese goods to 25%. he said it is highly unlikely that he would accept beijing's request to hold off on the increase. he made the comment in an interview with the wall streetjournal, four days before it he is due to meet xi jinping at the g20 summit in argentina. auction houses will no longer take part in the selling of rhino horn artefacts. somersby is and harrods have now followed christie ‘s, as our financial crimes expert told our colleague. christie ‘

men who are very angry at a lot of asian women authentically because they are married to non- asian men. i am married to a white man. they periodically come at me on tweeter - - on twitter or elsewhere to call the terrible names or a race traitor or my son will be mentally imbalanced and horrible stuff. they sporadically pop into my website and this we are startled by this because i don't think of myself as hating asian men. but that wasn't something that i expected to deal with and i was frustrated and i put it on twitter if the goal was to make me be quiet i did not feel like being quiet anymore. a lot of asian said we have been harassed in similar ways. and with this dynamic in the black community and similar. so i ended up writing this piece for "new york" magazine because it seemed like nothing anybody wanted to talk about like i must've done something wrong. and then the roots are misogynistic. that these are women and you are taking them from us. like we owe them because interestingly they are totally fine dating white women but they have complicated theories why that is okay

technology is the big theme in the asian session.e united states, we had a little bit of that going on. components moving lower down by 3.8%, a little more complicated. cyb g to the downside. challenger bank, they missed their profits. the net interest margin guidance looking a little poorer. a proxy for the u.k. and that is to its testament -- to its detriment. the market felt something to object to hear, down by 5%. credit suisse also down by 3.4%. let's get the bloomberg first word news update. >> thanks. revolt against theresa may appears to be running out of steam, with her opponents yet to reach the threshold for leadership challenge. so far, more than 20 tory lawmakers have publicly declared they won't make it work, meanwhile bank of england governor mark carney appears in u.k. parliament later today, with brexit likely to dominate questions. will keep the options open. the pressure now is on the government not to accept the deal that theresa may has brought back. we will vote against it in parliament, and if it comes up in it

and asians are doing the same thing. is happening right now is what i call permanent substitution. we're focused so much on -- >> i was going to ask you, how easy is it to dismantle or unwind that? >> we talk about the deep linkages of supply chains but investment and trade are more fungible than ever before, as more and more countries can provide similar quality and categories of goods. so when i say permanent substitution what i mean, is take for example energy. china had been a rapidly growing importer of american oil and in june of this year, 2018, it basically just stopped because oil is fungible on the global markets. you can get it from somewhere else. that's ok for american oil exporters, it goes on the market. what about the soybean exporters and technology goods? if you look at the high-tech industry, the z.t. episode for the u.s., from the trump administration's point of vureks it was a way of saying we're going to funnish -- punish china, they're doing too much i.p. theft. -- >> we seem to have lost the conne

more strength coming out of the asian session. what we are seeing when it comes to that out of we have snapped the five weekly gains when he came to the dollar. a lot of calls whether the dollar rally has peaked. morgan stanley chiming in, saying it is time to sell the greenback. widening spreads will hurt the dollar. we heard the comments from the vice chairman, richard clarida, a couple of days ago, talking about pouring cold water on the dollar ready. policy -- dollar rally. policy getting too close to neutral, he said. the market pricing in the fact that perhaps the fed cannot be as aggressive next year. you see that in the bond market as well. what ayear yield, changeup we have seen. it seems around 3.2% earlier this year. seems like now the direction of yield is tilted to the downside, which is probably a good when it comes to e.m. as well. we have seen an inflection point where e.m. is outperforming u.s. stocks at the moment, which could be boding well for this part of the world as well, where stocks are holding their own a

it's in the media and in the stories that we tell about asian americans is.they challenge me to find my place and then create a space for me to claim and saying in a very straightforward way is to whom we owe that space if it wasn't for them. >> guest:. a lot of the filipino american activist people were drained so therthere is absolutelythere's e solidarity happening and work happening. what does it look like with a schools and scholarships? i started a documentary i just didn't know i never asked about their hair. you don't do that. i learned that the documentary but i did not know his asian businesses on a lot of the black hair economies of th economy soi had was if asian people are profiting do we help provide scholarships how willing are we to question i am sure there were some [inaudible] so are you telling me that your kid is going to suffer? let's talk about television. you and i have a shared love of tv guide. that was one of the first publications that came to the house and every saturday morning i woke up earlier than everybody else and i read from

well, lottery money will now fund 2000 new ecb mentors, specifically for female cricket in south asiancommunities like leicester's. even for me, if i had a female role model orfemale coaches whilst growing up, that would have made such a big difference. i could potentially still be playing cricket, you know. i dropped out. maybe that was the actual reason. but there are bigger issues. there's actually parents‘ permission for these girls to get out and do that. having those female role models will tackle that because those parents will trust those women. isa guha was an outstanding player for england but she stands almost alone as a woman from a south asian background to make it that far. i was very lucky to be involved in the england pathway at a young age. i'm hoping that, with an increased pool of talent, more will come through. i think that is what this is aiming to do. it's notjust about playing cricket, it's about just getting women involved in general. well, you never know where a career in cricket might then take you. i think over there it's graeme swann, and his dance partner,

in the asian markets are just open for trade. ramy: and good evening from bloomberg global headquarters in new york. in hong kong, welcome to daybreak asia. ♪ haidi: the fed chairman's sentiment on dovish comments fueling speculation that a rate hike is closer than we thought. and the rally extends to asia after u.s. equities surged the most march, jumping more than 2%. ramy: china says global trade is at a crossroads and the world must choose. the imf forms -- warns that growth is slowing faster than expected. get a check on the markets with major markets now open. what are we looking at? are teeing up for a risk on rally in asia. it may not be all blue skies u.s. taking aim on chinese terrace -- tariffs. the caution over global growth may add to when it comes to japan, for example. the economy faces more downside risk than a year ago do in part two trade tensions -- due in part to trade tensions. most regional indices are set to and november higher with a 7% surge for the month, making it the world's best performer. about 19%.

he sees the land that asian surrounding the data is is going to dial. out out out out easy whethe. reaction to the to the sanctions would be ideal. some shows here in fact connect neck system the democratic and of power as presidenent e elections in e demo democratic of congo. make makes history [inaudible] transaction. one one is given. to the i was on the ship. a position some some restaurant. the ten senior case take all fellow leading can be found on on the times twenty hours in the north east downtown toronto a couple hunger on the one of my size they have kind of the system. braintree limelight attacks on the international efforts to control the outbreak was was congress street street which is in fact it over the three three hundred eighty eighty people killed killed. two thirds of them the world health organization is warning warning find [inaudible] man. in it in has has done journal very very mission. schools to leave the engine try one of the owners of exclusives and and well. child right then and innocent's resisted suite g. channeling iraqis on land i did invite labelle

let's have a look at how the asian markets are trading. a few days of trade makes. what a difference a trump tweet makes. asia up by 2%. its biggest weekly gain since april 2016. trump wants a deal on trade at the g20. he is asking the u.s. administration to start drafting the paperwork. the hang seng moves up. bond markets selling off a little bit. markets.ty we saw trump tweeting around this subject, tweeting he had a good conversation with china and that trade was moving along nicely. we can add supplements that with this scoop suggesting there could be a deal at the g20 summit. futures trade higher. we have views from apple as well. keep an eye on the nasdaq. futures look stronger, but not by as much. the apple story takes the edge off that. apple disappointing on some fronts. morgan stanley cutting their price target. we will watch out for apple and the nasdaq. we are going to be speaking to the bank ceo, not for much longer. it has been his life's work building up this business. we will look at the results with him. that is coming up

thisorcing this idea as asian summit is about to be embark.w not just president xi jinping -- rishaad: it was about a week ago that we had his boss reiterating that, china is a champion of multilateralism. talking of trade, etc. mike pence heading to tokyo, meeting shinzo abe amid fears of automate -- tariffs on automakers. this is bloomberg. ♪ to 12:25.oming up shinzo abe and mike pence talking about tariffs on auto imports. national security reasons. yvonne: that is one thing they will be talking about. how will that way into the progress toward getting closer to some bilateral agreement between the u.s. and japan? also, talks on denuclearization in north korea. we will continue to watch for lines coming through from shinzo abe in tokyo. let's bring in our senior international editor jodi schneider. tell us what we are about the talks and what can be achieved? jodi: on auto tariffs, the looking at imposing as much as 25% tariffs on auto imports. they are circulating a draft report from the commerce department that looks at whether for nation

was a little bit mixed against asian currencies, but the asian currencies are a much hit hard.aysian ringgit down .25% against the dollar. he saw the u.s. dollar hold some strength against the japanese yen today. ae yen is being vulnerable to short squeeze in terms of some of the crosses like the kiwi, the aussie, ahead of the things giving -- thanksgiving holiday. today, we are asking the question on mliv, appropriate of course with the stomach churning day we saw in markets yesterday, emerge?l the dip buyers you can reach out to us on the mliv team. tv on your bloomberg. but get the bloomberg first word news with jeffrey humphrey -- deadly humphrey in dubai. the u.s. has accused china of continuing a state backed campaign of intellectual property and technology theft. the new accusations come in a detailed report released by robert lighthizer. he offered 10 days before trump is due to meet xi on the sidelines of the g20 summit. the timing of the report seems to be a move by more hawkish members to bolster their case ahead of the summit has other cabinet members push for

haidi: let's take a look at the asian markets this monday morning.din in hong kong. after the recovery rally party last week, we are seeing asian stocks take a breather today. sophie: looks like we could see a hangover underway. looking at current valuations. stocks are being led lower by japan. the nikkei is off point percent -- .3%. looking for the worst week since july but there is a pop for the british pound, hovering around the 130 level. as we count down to the u.s. midterms. take a look at stock movers. we are seeing red across the benchmark from seoul to tokyo, but there are gainers, yukon amping 30% after signing $1.25 billion tech export deal with jensen biotech. on may pharma tracking gains. the yukon deal could bring fresh investor interest in the tech for long it cancer -- for lung cancer equipment. third-quarter results were better than expected for this beverage maker. retail sliding after domestic sales fell 10% for october and subaru falling to an august 2014 low, the company delaying , andncement until 3:00 nikkei news reporting the

has done in the past more stark those choices get or asian asian governments certainly and even asian companies or asians in a sense how much do you want to follow us how much do you want to follow china or other asian models that it's very hard good to speak in deborah elms in singapore taking ousmane just over a month since gemma hushovd she was killed inside saudi arabia's consulate in istanbul still there is no body but new evidence continues to come to light or has more from istanbul more than a month since he was killed his body has yet to be found and there are more questions about his murder but turkish authorities have increased the pressure on the saad to government by slowly leaking vital information according to turkish sources cia director gina hospital was briefed on the murder and had access to crucial evidence suggesting the order came from the highest levels of the saudi government riyadh insists no member of the ruling royal family has a vote in hotshots is death. but during his visit to istanbul last month sandy chief prosecutor said. reportedly told turkish authori

regarding asian immigrants both japanese and chinese. yet, the seed that initially started the concern or motivated the formation of the telling him commission centered around something that took place in san francisco with 90 japanese students. that sounds like a relatively small number. i would think that perhaps chinese immigrants would have rather thanivation his japanese students. on was it that this took such a momentum? the two thirds -- one third came from the volumes that a man wrote. he had a particular interest in asian immigrations in that sense he was perhaps not the most objective observer. asian immigration was very much a hot topic for these policymakers. ,ith respect to the chinese they have been excluded since .882 the commission said we don't need to deal with chinese immigration because we haven't handled. having said that, this guy who served on the commission's, he is considered the first federal expert. the ever roosevelt when he was governor what appoint him to do stuff and then what's roosevelt became president h

dollar strength rather than asian currency weakness.ravation around trade and various tensions, of course it's causing -- within china. with the authorities will be focused with what they are doing. they will be using targeted fiscal measures, targeting real estate and steel and materials to try to improve profitability's and forced money towards the winning sectors. this is going to take work and it will cause uncertainty, but they will find their way through this. shery: a lot of people look at the opening up of china's asian market, looking at opportunities there. i wonder if the trade tensions continue, could china be forced to tighten controls over the markets? and is this a risk? guest: i think this is a wonderful point. one of the more exciting stories is the opening up of the asian market. the liquid stock market, which contains many companies that aren't available to investors in the offshore chinese markets. and we think also that the authorities want to use sophisticated foreign investors as a way to carry on pushing reform i

asian for his friends candidate days as to the shock. and our garden slick more. i don't. know how. sensitive information. social. there's there's no real run yeah north north. harris. there is disease last that he had he had to have the last year to the better business on the on the john let a lot of folks roaring around [inaudible] will. nonstop borough that added. may tv had from nineteen ninety nine nine nine will. the absence of nickelodeon ultimately these listed closely. engine build white light and i'm appalled way way. yes this is choose your zero and one was a well run criticized on the coming of nine nine countries. usually shins. reports. downtown. and since whole close and bands. as an as an seas ramallah wildly reason is is. because yes faces as action asian agencies days did not plan to impress break by using the twenty six do as you adventure. patient and i can i use the the company that is -- being able to get in the uk consul sold in cambridge and jessica which was when donald on from from campaign of post was able. to make space lasers as the target time hasn't co

let's kick off the show with trade, and asian stocks.utures are lower after optimism of a trade deal between the u.s. and china receded. the international expo in shanghai hits back against protectionism. >> in a world of deepening winnerc cooperation, takes all represents a dead end. inclusive growth for all is the right way. francine: how are trading and tariffs moving the market? joined by the chief investment officer at the bank of singapore. thank you for coming. oryou worry about tariffs, trade wars lasting for the next 20 years? rajiv: that is a major worry. this seemed to be more like a negotiating tactic, to rebalance trade between the u.s. and china. liket's made it seem something more structural. there is a serious worry in china that this is more about containment. am -- what is the best asset to measure u.s. to deals?- u.s.-china trade we've seen movement with trade comments. that would be one of the most liquid ways of measuring sentiment. francine: how much does this have to do with global trade and active chinese policy?

the asian session has been weak, so after the fed, asian equities selling off and the expectation was the fed would continue its rate hike path, but maybe some thought the fed would give more language that acknowledged turmoil in markets and other headwinds, but it was an unchanged fed. as a result, we saw a little risk and version on -- risk aversion on asia. had to do that the chinese story with regards to bank lending to the private sector. there are a few reasons to selloff, it seems. let's look at the gmm and we see the selloff in the asian session and weakness in the south african markets and elsewhere. also, some weakness in currencies in the asian session. the south korean won, for example. .3%,ritish pound, down flirting with 1.30 on the downside. we have seen strengthen the pound, morgan stanley talking about buying the pound, selling the euro with optimism around the brexit deal. all of that has been building, but the dup parliament is with theresa may, pouring cold water on her latest plans by gmail this morning, taking the edge off the pound. that's put up the other side

could this be the birth of an asian e.u. countries expect to have a regional trade pact in place by next year. this dude of your business i'm going to help us welcome it's the first contraction for europe's power engine in more than three years the german economy shrank zero point two percent in the third quarter more than expected growth was stifled by global trade disputes and problems with the car industry analysts say the data is another wake up call that stable growth is by no means a given. exports were down and imports up in the third quarter that's trouble for an economy built on strong exports a major part of the problem has been a bottleneck in car deliveries by german automakers the result of new more rigorous you emissions rules but there are other issues political ones global trade disputes are threatening the bottom lines of german companies both b.m.w. and dime were cited trade uncertainty in their latest earnings reports briggs it is also threatening a chunk of german business with the u.k. analysts still bel

paul: indian markets are taking cues from asian markets. for the nifty and the sensex, trending lower by half a point. also have weakness in the banking index largely on account of weakness in some of the state own banks. on the whole, it has been a quiet start and once again all eyes remain on how we expecting money markets to move. yvonne: thank you. joining us from mumbai with the latest. we focus on one of india's financial institutions. is director at -- bank stepping down. rishaad: you lose one director it seems like a mistake to lose three. the big resignation. let's get to our finance reporter. here? going on a'so, there have been eight of resignations in the yes board, the last couple of weeks and now there has been one more sudden resignation. the telecom secretary -- who has quit. he confirmed list of element and wasn't happened with the developers taking place in the recent past and the way it was handled." he clearly did not elaborate on what -- but these resignations have continued. there was this nonexecutive chairman who qui

what is up for asian equities today?omic data is likely to the put to one side, unless there are some stock drops on da points. the japan machine order data was appalling. time it came close to this previously was october 1992. that is a bad number, but investors are likely to look past that sort of thing and say that was what was going on in september or october. we want to be looking forward now. a lot of people look forward to i meeting, saying that is what we are concerned about now. if we can get a good result there, that will remove the concerns that have plagued asian equities. area that willer be of some concern is treasury yields. they are around the highest since 2011. we have a fed meeting overnight. if we get serious treasury market pain raking out -- breaking out, that could undo the midterm optimism in asian markets rapidly. shery: at least the expectation is for more fiscal stimulus and more debt and deficit lower now after the midterm elections. garfield, thank you so much. we have been talking about this

inhave lending positivity the asian session. in the asian session.ng some upside and that energy produced -- korean shares also seeing some upside. is heavily weighted as it is in sydney as well. lots more to come. this is bloomberg. ♪ ts more to come. this is bloomberg. ♪ haidi: it is 8:30 in hong kong. we are just one hour away from the open in the trading day. it broadly positive future. modest gains on the recovery rally led by the tech rebound in the u.s. overnight. u.s. futures looking like we might be giving that up. i am haidi stroud-watts in sydney. ramy: i am ramy inocencio in new york, and you are watching "daybreak asia." first word news now with jessica summers. musk says tesla came close to collapse this year as it launched an urgent and possibly drive to move production of the tesla three. he told ask euros that -- ask euros that tesla was strict -- axios that tesla was draining. makinge earnings suggest financial cars could be financially viable. a severereally faced threat of death due to the model three production ramp. essentially,

the story of a committed parent turned activist a father's protest part of the viewfinder asian series on al-jazeera. stories of life. and inspiration. as a series of short documentaries from around the world. that celebrate the human spirit. against the arts. al-jazeera selects hunted. i mean here now the u.s. . thank you so much marion will japan's loss of one the asian champions league for the first time i drew the second leg of the final against iran's persepolis no mail in iran enough for a sunil aggregate victory backed by close to eighty thousand fans it is obvious that the setlist read here aiming to become the first iranian team in twenty five years to win this consonantal title of the eight some japanese champions but standing the pressure to get the result they needed to lift the most important trophy there is in asian club football our correspondent zain asher avi is the game for us. well it wasn't the result a persepolis fans had been hoping for but even though the iranian home team lost many fans are saying that it was still a big night for iranian football the fact that

and the association of southeast asian nations has stopped short of criticizing me for trustees committed against rangar leaders meet in singapore when he has the latest. leader aung san suu kyi has at times appeared a full on figure in singapore atrocities committed by the me and my military against the rigging has been one of the main talking points during two days of meetings between leaders from asia and beyond but at the end of the association of southeast asian nations summit another week statement was issued calling for accountability but offering general support to the me and my government. malaysia's prime minister has been the most vocal critic of me and is unlikely to have been satisfied with the final statements. their efforts. should mean you'll. probably see it wasn't just the crisis creating tension at the summit it was also trade and instead of me being isolated it was the united states . president donald trump didn't come to singapore but his america first policy and the u.s. trade dispute with china overshadowed the summit with the u.s. in a battle with china for influen

us president donald trump is not attending but his america first policy has strained relations with asian countries who are looking to agree details for a new regional trade deal when he reports from singapore i was ready behind the smiles there is an easy at the latest meeting of leaders from the association of southeast asian nations while the united states wasn't mentioned specifically it soon became clear that president donald trump america first policy on trade would be among the main issues. the international order is at a turning point the existing open and green space monkey electoral system which has underpinned the group and stability has come under stress. that's particularly true at the moment because of the trade dispute between china and the united states the tit for tat tariffs could provide some benefits for southeast asian countries if for example china moved some manufacturing operations to other countries to avoid u.s. tariffs but most countries in this region are heavily reliant on exports so tend to thrive in an environment of free open trade donald trump says he pref

economic partnership would further strengthen the multinational systems which benefit not only the asian countries but their trading partners and in indeed. if that's proved to be successful then there is even a larger trade in. the free trade agreement of the asia pacific but that's just on the can't so at the moment countries would have to concentrate. on the m.r. lines on getting this done and i think a lot of progress has been made although there are some differences on. the fire of the or may or may not be signed in form but i think there's substantial substantial substantial progress has already been made on that front on the comprehensive on the regional comprehensive economic partnership. if we're going to have non us trade deals being done similarly not in the dollar how that impacts the global dominance of the u.s. currency. well the u.s. currency of course is extremely dominant even though the women being a. spy are being internationalized but then because that bit of the financial markets including not good investment. including where is apparently in most of them but what we