japan and bank of indonesia? and the bank of japan? we japan and bank of indonesia? japan and bank of indonesia? and the bank of japan? we expect the central banks to be doug aish. they have been laying the pathway and we expect all of them to be in the same camp holding onto the short term by power. how much of an impact is the trade spat with south korea having on its economy? i think it should be reasonably... japan is a big trading country. the trade conflict between us and china now with south korea is going to continue to impact on this trade data so we don't expect it at all for quite some time. on the subject of china, it would be very difficult for china's economy to grow at a rate of 6% or more because of the complicated international backdrop. he added that the world does make second biggest economy faces downward pressure due to slowing global growth and the rise of reductionism. as private players like facebook, dig banks likejp morgan and even central banks around the world, start to launch their own agree to, it is likely that they won't go away anytime

of borrowing. you had the bank ofjapan and the bank of indonesia also making monetary policy decisions today. you think they will do? well, i think the bank of japan think they will do? well, i think the bank ofjapan will think they will do? well, i think the bank of japan will stay think they will do? well, i think the bank ofjapan will stay on think they will do? well, i think the bank of japan will stay on hold today. even though it has good reasons to cut policy, but i think it wants to wait and see how the consumption tax rate increase in 0ctober will impact economic activity. the bank of indonesia, on the other hand, will likely cut rates today and the fed decision to cut makes it even easier. in indonesia we have low inflation and economic growth is weakening. could other asian central banks make surprise moves today, or maybe even tomorrow, before their monetary policy meetings? i don't expect any surprise moves in the near term, but i think there is room for further monetary easing across the region before the end of the year. of course, everyone is before the end of the year. of cour

today we have seen the bank of indonesia cutting rates.e degree, which provides opportunities if you can get idiosyncratic risks within your portfolios and think globally rather than being narrowly focused. tom: i want to go to the work of your colleague john norman as well. what is the jp morgan indocin craddock measurement? -- idiosyncratic measurement? would i would say is i don't think we will be in the world where central banks will go in different directions very long. it is a binary outcome where growth holds up and binary risks go away, in which case central banks may reassess the need for cutting, or growth will rollover and you will see a synchronized move across the board. i don't think you will get idiosyncratic moves in different directions much longer. francine: are you expecting a recession in the next 18 months? mike: the risk is rising. i am not sure it is the base case, but the risk has gone up. six months ago, a lot of the key indicators looked globally ok. today, only the manufacturing sector is flashing red, but others

bank. the chief executive of juul is central european bank. the chief executive ofjuul is stepping down. the company says it will withdraw all us advertising. the haze from illegal burning of forests in indonesia choking southeast asian cities like singapore and kuala lumpur. entities believed to be responsible include palm oil companies. i asked a non—profit organisation aiming to lower the negative impacts of palm oil plantations wait companies are not doing more to stop the fire. some companies are actually committing sustainable palm oil practice. they are doing more than the majority. but however, these companies who are in theirjourney, they will no longer be viable... no longer see business as usual as a viable approach. pressure and demand, likely the outcome is more unsustainable palm oil. what is the solution? this is still a journey. penalty might work with some companies but actually there are a lot of needs for more pressure from both sides, government and also the industry itself. is there anything we can do as consumers? yes, of course, because there is a lot of business and motivation on this. if there is any huge demand on this product of sustainable palm oil, of course, that

of 6 million u.s. dollars. the world bank now says growth in indonesia will slide below 5% next year and warns of severe outflowsarkens. the forecast expands next year at 4.9%, the slowest since 2015. the world bank report says indonesia's reliance on foreign investment and stocks and bonds makes it vulnerable to outflows. global news 24 hours a day on air and on twitter. powered by more than 2700 journalists and analysts in more than 120 countries, i am jessica summers. this is bloomberg. kathleen: thanks. moving onto u.k. prime minister boris johnson who lost another vote in parliament with the house of commons voting 293-46 against his demand for a snap general election. johnson is digging his heels over any delay to brexit. >> our government will go to brussels on october 17 and negotiate our departure on the 31st of october. hopefully with a deal, mr. speaker, but without one if necessary. i will not ask for another delay. kathleen: senior international editor jody schneider joins us. what drama. you could not write this. no one could believe the script. where are we now? jody: quite a dramatic scene in the

of those other monetary policy decisions we've had around the world. we've been watching every thing from indonesia to switzerland to the bank of england. a whole range of central banks in focus. we are joined by chris turner, ing head of fx strategy. the fed, not a surprise. but in some ways, the fact that the fed and the chair didn't answer many of the questions market wants answers to kind of leaves us a little bit in limbo right now. we've clearly got a very divided fomc. jay powell last night really didn't answer any of the questions. it kind of feels like we are in a much more difficult to navigate period for the fed. how do we deal with this from a dollar perspective? what does it mean for global markets? chris: i think earlier yesterday, ahead of the fed meeting, the market was getting side -- was getting excited on what happened in the overnight repo market. they haven't hit it head on by looking at the bank reserves. i think they will probably look at that into the october meeting. to address your point, this morning we saw a bit of a flatter u.s. yield curve. generally that is associated with the fed not doing enough to fight

of the looming sales tax rise. poll indicates a slightly improved condition but respondents are much more pessimistic about the future. the world's bank says growth in indonesiaill slide below 5% next year and warns of severe outflows of the global picture darkens. expansionst sees at 4.9%, the slowest since 2015. indonesia's reliance on foreign investment, and stocks and bonds makes it vulnerable to outflows. sales in china fell for the 14th time in 15 months. deliveries fell almost 10%. manufacturers are reeling from the industry's longest downturn in three decades with no signs of an end. a similar gloomy picture in india where car sales saw the biggest monthly drop on record in august. deliveries plunged more than 40%, while passenger vehicle sales fell by one third. global news 24 hours a day on air and on twitter. powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. paul: thanks. still to come, plenty of progress. steve mnuchin strikes a positive note about upcoming trade talks. details next. kathleen: elliott management wants to carve up at&t, but the move is impressing everyone but buyers. we will have anal

in asia, we saw the central bank of philippines cut this week and i think there's more room. indonesiawe are expecting cuts there. i think that we are going to see central banks have this room to use. shery: has em performance been affected at all given this trade war flareup that we are seeing recently? denise: the markets have been living with uncertainty for a wild now and what has been important and what is supporting emerging-market assets is the easier financial conditions. i think this will continue. yields are low. they are most likely going to stay low in the core markets. we have 30% of the global bond markets trading with negative yields. i think emerging markets are a natural place to go to pick up the old without taking a lot of credit risk. and in particular -- paul: what sort of duration? sorry, please continue. denise: i was just going to say, one of the overlooked areas of our market that i think are attractive are u.s. dollar-denominated corporate bonds. asset-- this is a growing class. there are two truly an outstanding. it is actually larger than the dollar sovereig

bank buyback program. it could go more into negative territory. another interest rate decision is coming out of indonesia. most people suggesting that we may see a cut. there is another body. it is a minority and they may stay after three interest rate cuts in a row. the indonesian rupiah has a dollars worth 14,090 in indonesian rupiah's. the bank of england a bit later. they are expected to state here. -- stay here. bloomberg's u.s. dollar index, we had some gains after the fed moved. .e are holding on to those just up by a fraction. on's look at what is going market wise. have a look at some of those first word news headlines. here is su keenan. with president trump, he has signed a newly completed section of his border while in california, calling it "a world-class security system." he toured a section of the barrier in san diego and said it would be virtually impenetrable. the customs and border protection agency said that since construction work began, the number of people trying across has fallen from the hundreds to just dozens. president trump: the president of mexico has been fantastic. all of m

bank room face the paradox of needing the elderly to be juvenile their towns. a 1st chance at education for grandmothers like these might be the last chance for south korea's world schools. a. indonesia is in the grip of an extinction epidemic with endangered species disappearing at record levels can it be stopped before it's too likes 101 a stint best to gates indonesia's crisis on al-jazeera. the latest seems as it breaks the problem is that in many cases those fires get out of control with details coverage the protesters don't seem to be flagging and neither does the police's determination to suppress the movement from around the world most of these vehicles carry syrians fleeing from the south of the border and the influx causes the hooves traffic jam in the only to over know that city of ethnic. i cannot lock my phone with my face you can access your bank account with your voice unique algorithmic measurements of us that are revolutionizing the process of identification the biometrics are far from perfect convenience and seeming infallibility comes at a costs most crucially our privacy and the 4th of a 5 part series finale radio addresses the appropriation obama's personal chara

bank room face the paradox of needing the elderly to be juvenile their towns. a 1st chance at education for grandmothers like these might be the last chance for south korea as world schools. indonesia is in the grip of an extinction epidemic with endangered species disappearing at record levels can it be stopped before it's too likes 101 a stint best to gates indonesia's backcrosses on al-jazeera. for the last 2 years these students have been collecting rubbish every day it's helped clean up the campus and helped build some of its facilities for every 2 kilo's of plastic waste they collect the school receives a brick made of plastic and cement. for some activists this may not be the most ecological way to eliminate the problems of plastic but this is seen as an immediate solution to the growing problems of landfills across the country waste can now be used to manufacture building materials. a modern and open minded woman who feels ethiopia is poised to develop rapidly al-jazeera goes on a journey with the 1st woman appointed to the position of chief justice in ethiopia i knew sad as a cyst going to be a difficult assignment which could be expect to have to be corrected in the once

of faith in central bank rate cuts. with on to asia's highest yielding bond markets, the worst returns in august. what happened? >> that's right. india and indonesiaegative returns to investors, despite yields of 3%. that's because investors have been shining these less creditworthy markets amid concerns of a slowdown in global growth and also the trade tensions. just to give you an idea, indonesia bonds headed investors lower returns. india's bonds fared quite poorly. we see these concerns about a slowdown in global expansion. that will weigh on emerging-market currencies and all these high-yielding bond markets like indonesia, a test will come this week after cpi numbers,. we will also have indonesia later this week. kathleen: thanks very much. hitting 0.2. the lowest since the financial crisis on their inflation numbers. speaking of charts, you can test them out, they are at gtv under bloomberg terminal. unto hurricane dorian that is bashing the bahamas and causing massive damage. jonathan levin's tracking this storm. he is joining us on the line. this was so devastating. where is it now and what is the latest status report? it has apparently s

more factory data will be out in indonesia, south korea, taiwan and india this week. central bank of likely keep its cash rate unchanged. many expect governor for low to keep the door open for further easing. that will be key. looking at the end of the week a big number will be heard around the world. that is the u.s. labor market jobs report expected to show that in all remains robust with the addition of one under six to 5000 jobs last month. however any surprise -- with 106 jobs. - 165,000 any change could affect fears. cut in the profit forecast after factoring in latest figures for the broadband initiative. the nationwide project aims to improve the country's chronic to any and is the biggest of its kind in the history of austria. expect profit of 17 billion u.s. dollars per the strauch at astana strong year so far. in 30% -- a strong year so far. tesla won a victory in china after a charm offensive by elon musk. he met with lee chapman on friday. -- minister. tesla be exempt from attacks it typically hits domestic lecture carmakers. newtart production at a plant in shanghai bef

banks many indian banks are in trouble turkey's got serious problems you know so it's all of these are places that nobody cares about because they're small and they don't watch indonesia's got problems so it's probably working itself start looking at the bigger countries and it will probably no surprise that so it's all a place whoever thought it would go bankrupt bear stearns didn't run 10100 years and suddenly disappeared lehman brothers been around over 150 years and suddenly it disappeared so it's going to have. that way i'm not sure who will be next it could very well be a bank in china for instance. china has said they will let people go bankrupt i hope they do but all shock everyone including me and i just might happen know it's going to be it's always places that surprise us that we haven't thought about it we didn't think it could occur i want to singapore we always have our house how singapore is like this financial safe haven it has given so many tax incentives and everything home to over 200000 millionaires here but singapore this past quarter contract about 3.3 percent and is now barely up over 4 percent for the year to date so far in its market so how has

burst their banks and homes was swarmed 3 and a half people were forced out of their houses project today those are the latest headlines the news continues here of the people and power. indonesia is in the grip of an extinction epidemic with endangered species disappearing at record levels can it be stopped before it's too lax one of when a sting best to gates indonesia's wildlife crisis on al-jazeera. with 3 months of threat to public protests from the. book began his opposition to a controversial extradition rule as quickly or polls to approve the pro-democracy movement but with no resolution in sight police and demonstrators has become increasingly aggressive in the rulings from mainland china more strident this is the 2nd of 2 special reports on hong kong summer of defiance. they flooded the streets of downtown hong kong. tens of thousands of protesters dressed in their movements kala black marking a 7th week scale demonstrations in the city. on the surface it seems they've already won. hong kong's leader chief executive kerry land had suspended debate over a controversial extradition bill that had for us poor people out onto the streets. but the protesters have more deman

we will also be looking at central bank decisions such as boj and the fed and boe and indonesia. all ofly change investors use in terms of investment. also in japan, that is when market a lot of investors are focusing on because it has been sold off a lot and we are seeing a huge gain in the past week. the best week since 2016. saynikkei s&p see analysts is time to buy value stocks in japan now especially those that have been sold off a lot but still have solid earnings. shery: thank you so much. our asia equities team it later. as she mentioned we are expecting those central bank decisions for more on that let's bring our chief asia economics correspondent. let me get started with the fed, the decision is expected wednesday. markets seem to be pricing in a cut when it comes to those rates. what are the chances the markets will be disappointed? >> there is always a risk that the markets get it wrong. holes --d were the hold off easing, given that the , given that the narrative and guidance and expectation coming from the fed and markets has been toward at least another push toward easin

move indonesia's sinking capital and the importance of the dollar to tina counting the costs on al-jazeera. a team of chinese scientists are traveling to places no human has ever been. in banking on a daring deep sea mission in the hunt for red resistance and spaces. in this episode of want to one a week go on board with some china's top engineers and scientists as they explore the depths of the indian ocean. i think ari ari hiring because my turn next day. my i long to start. chinese doing laps of a chinese race in the middle of the indian. ocean and. a lot of my classmates. have no chance. so dog bought of the sheep. had a chance. she's a trainee submersible pilot and she's anxiously awaiting her 1st ever deep sea dive which no woman from china has ever done before. she's part of china's mission to be a world leader in these final frontier. there in a rice against countries like russia india and japan you know if she gets the chance to dive she'll go nearly 3 kilometers under the sea to search for new mineral race horses and signs of life. maybe i can friend a solid all new alamosa new plants and a scene that is count based granted before by humans but i read it and maybe i

banks and their decisions around the world on thursday. because of course, at that juncture, it is boj, boe, indonesia, and the s&p.ra: friday sees the rugby world cup kick off in japan, and then protests for climate change are also expected around the world on friday, and all this week, bloomberg news is part of covering climate now, it global collaboration of more than 220 news outlets to highlight climate change. coming up, the brexit showdown. boris johnson is set to defy a ban on no-deal as he heads to luxembourg to speak with jean-claude juncker. that is next. this is bloomberg. ♪ >> we are finance ministers. we have a key responsibility to fight against climate change because we should really provide the necessary funding for fighting against climate change. we need a green finance, and we need to have our own european values, our own european -- to be sure that the finance is helping us to fight against climate change. >> i believe we have to invest in green energy and green solution. for two main reasons. one being to save the planet, and the second one being to create jobs and growth. >> it is important t

of what to watch in markets this morning. sophie? >> asian central banks are in the limelight. were expecting a hold from the boj my but yield curve control and focus. indonesiaected to hold for a 12 quarter. the hong kong monetary authority followed the fed with a 25 basis point cut to its key rate. immediately feed into the cost of credit for businesses. in households are under their own funding pressures. hsbcal lenders including had recently raised their rates for mortgage loans. be likely to may be impacted by possible cuts in the prime rate. citic is forecasting the banks will seen that contraction in 2020. "daybreak: asia" as our coverage continues. standby for the china open. this is bloomberg. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. ♪ a lot of young lawyers would like to work for the nba. adam: -- player

banks and homes have been swamped 3 and a half 1000 people have been ordered to leave a 1000 military personnel helping with cleanup and rescue efforts in the regions of violence here and under the fear. indonesia is struggling with refugees escaping conflict and poverty in africa the middle east and elsewhere in asia many say they've been left in limbo for years waiting for documentation so they can be resettled. reports from jakarta. they came to indonesia and hoped they could start a new life in australia new zealand or canada but many say they're now stranded. on the job fled the war in afghanistan and 2015 he and his family live in this makeshift shelter without electricity a basic sanitation and little food. if i have money will don't have come here my wife has been sick 3 times a fever i was in hospital for 5 days she leaves but. i have no money to buy better food. mohammad is one of 400 refugees sharing the small space in ca to do this in west jakarta up to 26 men live in this room using cardboard boxes and plastic sheets to make the floor more comfortable to sleep on unable to work or study they sit and wait for transit papers a permanent assistance but as conflicts in africa and the m

bank room face the paradox of needing the elderly to be juvenile their towns. a 1st chance at education for grandmothers like these might be the last chance for south korea as world schools. indonesia is in the grip of an extinction epidemic with species disappearing at record levels can it be stopped before it's too life 101 a stint best to gates indonesia's crosses on al-jazeera. business updates brought to you by qatar airways going places together. business updates brought to you by qatar airways going places together. with a new series and brand new updates on the best of al-jazeera documentary take a. moment. to rewind continues with saving seeing the light 10 years led to a lot of. other for. this is a great motivator for us to keep giving back to these communities. this is al-jazeera. home. but on has this is the news. hot coming up in the next. 60 minutes zimbabwe's founding leader robert mugabe has died we look at his rise to power and his leadership. relief for boris johnson as the u.k.'s high court rejects a challenge to his suspension a parliament but a bill blocking a no deal breaks it will likely be approved. and we'll be live in hong kong where protesters have gathe