and the ceo of ge central asia and azerbaijan. thank you forjoining us today.hy the urgency for kazakhstan to get to these renewable energy goals and targets? why is the country doing this? we are known as an oil—rich country and we produce 1.6 million barrels per day and we are going to double it in the next 15—20 years. but the recent events and the dramatic shift in our commodities prices, especially in the oil sector, even with the new technology factors, like shell oil for example, in the united states, from one side. it gives us ideas that probably the era of high prices for oil is over, from one side. and from the other side, the other disruptive technologies, for example, like new automobile tendencies, like driverless cars, more focus on electric energy. i think that this is a paradigm shift and everyone realises the technology is shifting and changing and disrupting. and in kazakhstan we understand it and we should be preparing very well from one side. and for the other side it was a business model that the country is changing. is that your sense, wor

china's belt and road initiative is ploughing through central asia into europe.pplied billions of dollars' worth of trade, infrastructure, and energy deals in the 6—iron. they want to bring growth and jobs to the oil—rich nation. —— kazakhstan. they also wa nt to nation. —— kazakhstan. they also want to help china's energy needs. we went to the economic capital of china to see the impact on the city. no, it is not beijing or shanghai, it isa no, it is not beijing or shanghai, it is a marketplace in kazakhstan in central asia. this man has owned this market for 15 years. and this woman came from china to take part in an eyes skating competition, but stayed for the opportunities. —— ice skating. translation: it has been great for business. many people have come here and they need my products from china. everything in this market is from china. it is notjust good, upload, toys, exercise equipment, even infrastructure. the local community says it is starting to ta ke local community says it is starting to take off. this oil and gas man is also taking profit from the

and the ceo of ge central asia and azerbaijan. thank you forjoining us today. why the urgency for kazakhstan to get to these renewable energy goals and targets? why is the country doing this? we are known as an oil—rich country and we produce 1.6 million barrels per day and we are going to double it in the next 15—20 years. but the recent events and the dramatic shift in our commodities prices, especially in the oil sector, even with the new technology factors, like shell oil for example, in the united states, from one side. it gives us ideas that probably the era of high prices for oil is over, from one side. and from the other side, the other di5ruptive technologies, for example, like new automobile tendencies, like driverless car5, more focus on electric energy. i think that this is a paradigm shift and everyone realises the technology is shifting and changing and disrupting. and in kazakhstan we understand it and we should be preparing very well from one side. and for the other side it was a business model that the country is changing. is that your sense, w

so in many ways, with one wrote one belt, the big links that china wants with europe and central asiarld to the chinese on a silver plate. -- one belt, one road. some might cool this the america first challenge, this sort of pulling out of the climate change deal, the more protectionist trade position that donald trump is adopting. —— call. there are still differences between the eu and china. is there enough that unites them 7 the eu and china. is there enough that unites them? selectively, they will work together. and on some of these very important multilateral issues like climate change, which has been hardfought and negotiator. it started in kyoto and negotiator. it started in kyoto and went all over the world. finally, in paris, there was an accord. that is how we know they can selectively work together. because they have common interests. it is not just the countries, they have common interests. it is notjust the countries, but they have common interests. it is not just the countries, but the company. if you look at it in the us, exxon, rex tillerson, the former wa key us, exxo

and it is on that original "silk road," in central asia, where we again catch up with paul salopek. he is on his "out of eden" walk, it's an around-the-world, reporting project that began four years ago. hari sreenivasan recently spoke with him. you are going the walk into china. >> my deadlines are often seasonal, right? so i'm crossing deserts and mountains across central asia, and the trick is to cross the desert in the cold part of the year and the mountains in the warm part of the year. guess what? i haven't been able to do that so far. i'm been subversed. >> tell me about that desert crossing. you had the plan ahead and stash water. one place you walked up to, the water was gone. >> that's right. it's one of these physical challenges of walking across desolate landscapes. we had to put some water caches out before and i had the walk to them, and to my great surprise, one of the caches, this big waterless area, this badlands the size of arizona, had been broken into. and the water had been taken. and that was a big surprise, because local shepherds would probably never this tha

kazakhstan, central asia's largest economy.ee—month expo to outline its economy plan. traditionally driven by oil and gas, there economy slumped when oil prices fell. it wa nts to slumped when oil prices fell. it wants to meet those needs with wind, solar, hydro, or nuclear by 2050. how realistic is that? this is what kaza khsta n says how realistic is that? this is what kazakhstan says it wants power generation to look like. massive wind turbines rotating above the central asian steppes, powering homes, offices, and schools. listen to this. that is the sound of wind going at 60 kilometres per hour. and thatis going at 60 kilometres per hour. and that is not even at full speed. to be honest, i don't know if i can keep standing. i am honestly worried of being blown away. this is one of the key reasons why kazakhstan is so well—suited for renewable energy. that is why kazakhstan is putting on this grand show. the expo designed to attract foreign investors to the renewa bles to attract foreign investors to the renewables market of

vietnamese] translator: i believe that all countries need to continue their support for the central role of asia and their formation of an open rules-based regional security architecture. p.m. xuan phuc: [speaking vietnamese] suddenly -- we recognize the various forces in play and believe in the central role of asia. >> a few years ago, the united states, all we talked about was the south china sea and in washington today, many people raise the issue of the mekong china andparticular relation, can you share thoughts of how you see the future of the mekong basin? [translator speaking] p.m. xuan phuc: [speaking vietnamese] translator: mekong is a vital river in this region with charts in china and runs the myanmar, taos, cambodia, vietnam. it has undergone major changes and challenges as a number of countries are building major , onr plants on the river the mainstream of the river, having impacts on the sediments and fisheries in this river and in the basin. vietnam has been working closely within the framework of the mekong river commission to forge a common voice to consult with all nations conc

would be absorbed into the longer -- larger state department division responsible for south and central asiayou think that is a good or bad thing? anthony: the problem is you are talking about one element of the state department. for a variety of regions -- reasons, the aid effort comes from the usa. that was supposed to be integrated in the state department, it hasn't. there is no effective structure that creates integrative civil, military plans. yes some very good people in state. we have a usa effort. headingthe ambassador the country team in afghanistan. then we have a separate policy cluster within the state department. is no clear program, if you read through the budget justification, it could be in pas -- another language for all we are saying about it. this is not how you win civil, military wars. this is not the only one we are doing it in. the situation is not any better in iraq or in syria. host: that would be a whole another program at least. let's get one more call. matt: good morning. my question is, he says there is no real answer for this civil title iv, then why are we even

popularidad los estados unidos, pero lo hizo en otros lugares como en amÉrica latina, África central y asiatirse en el mÁs popular. tiene una poblaciÓn equivalente al estado de california pero 51 veces como lo ven en el grÁfico. 27% de la poblaciÓn mundial. en cuestiones de vÍdeo, sin duda, v es el maestro -- youtube es el maestro de maestros. fue lanzado en 2005. por Último, pero no menos importante, tenemos a twitter. tiene mÁs de 500 millones de usuarios. 65 millones de tweets se suben al dÍa. ha sido denominado como el sms de internet. les regresÓ la pregunta, luego de haber visto todas estas redes sociales, cuÁl escogerÍan tener en una estÁ desierta? javier: difÍcil. me quedo entre facebook e instagram. carolina: me quedo con instagram. revisando con frecuencia la cuenta de instagram de ediciÓn digital. javier: mÉxico se estremece con el hallazgo de un niÑo estadounidense de cuatro aÑos encadenado y desnutrido. carolina: en instantes, nos acompaÑa una diseÑadora de moda venezolana cuyos diseÑos refleja las imÁgenes mas impactantes en venezuela. javier: no pueden seguir acompaÑados en t

a lieutenant of people from russian-speaking territories, central asia, the former soviet republics coming in and because these guys have served in the military of their native countries and they're pretty bad as if you ask american soldiers who have seen them in action, they're the ones we have to be more worried about. i.s.i.s. is changing from the predominantly from the arabic to a lot of russian speakers, french speakers, french speakers. >> glor: and remain far more capable to strike france or europe than the united states. >> yes, yes graphically. so sews logically, culturally, the united states has had a much better record of muslim independenintegration. most muslims in the united states if they see something say something. they would not abide by one of the paris attackers cooking up chemical weapons in the apartment next door. in europe, i lived in london two and a half years, i understand the difficulty of state multiculturalism in that country, it's easier. popopulations come over who dont feel a part of their own system and re-create their native lands in european soils. i.s.i

have to look at the map and see the geographic equation here, which includes iran to the west, central asiad russia to the north, and beyond to the northeast, china and further to the east, india. so this is a very complex regional diplomatic equation. all those players i've just mention individual some impact on what happens inside afghanistan. and then, ultimately, to bring this war to a conclusion, a political end-- which the military equation should be in support of-- it involves politics between the afghan government and the taliban, the opponent. and so on all three of these fronts-- inside kabul initiate region, and between the government and the insurgents-- there's a real need for a political surge. >> among those neighbors, pakistan, obviously, looms very large in afghanistan, and provide a consistent safe haven for the taliban that are waging this massive insurgency in the country. how can the u.s. get pakistan to help us in that fight? >> well, first of all, i i think you have to place our requirements, our demands on pakistan in this part of the arena-- that is, their support f

>> central asia. >> you're an expert in that part of the world over there, crimea.ou joined the campaign, eddie cox, lawyer in new york, helped you get in the door. what was your motive? you liked trump's general world view, nationalism? >> it's not nationalism. >> nothing wrong with it. what do you like about him? >> i liked -- the russia issue frankly is very similar to the iraq issue in the 2008 obama campaign. he wanted to start a new step forward in terms of what was going on in iraq, pulling out from this constant conflict we've had over here. my view -- and i have always believed that and i believe this to this day, he has tremendous potential to actually do that, and i think there's -- >> that's a pretty worthy goal. >> absolutely. >> well -- >> unfortunately we can't talk about that because it's -- >> you're one of the names like manafort and flynn i keep hearing about. it struck me from the outside looking at this that what you guys were trying to do with trump's leadership was to try to restart our relations with russia and try to avoid a second cold war.

important he not be encouraged to think he can make mischief in countries in the caucuses or in central asiaf the world, that he sees that there's disprofl off that a-- disapprovt and a penalty. >> north korea? >> you're a tough one today. that's a complicated one. >> well, we've actually tried a lot of things in north korea. >> i know it. >> we've been nice to them. we've been mean to them. we've had sanctions. we've given humanitarian aid. we've ignored them. >> you've been there. >> i've been there three times. >> my hope is there are another people around him who were with his father and maybe some even with his grandfather, who have a pretty good life. they're getting well paid. they're happy. they probably have a little corruption going on, on the side. and they, i would think, would not have any great interest in rocking the boat, in doing something really bizarre. i think they do want to continue to develop their ballistic missile capability, their nuclear capability, no question about that. and gain influence. and i think the problem we've got is i think the government currently in

whether it is in the middle east or central asia. the emergence of the moss. young kids are not necessarily going there with their parents. so what happens when you're looking for these spaces to express yourselves because you're facing legitimacy and struggling with expression? and so, in many instances some of these movements offer that voice. they. >> guest: that expression. and so this is why you see some of them postmortem.he said they've been on drugs that they have never been to a mosque at all. for communities that have reported them as well. >> excellent. upfront here. >> i'm a former retired service officer. -- you are talking about how to appeal to a large number of people, mostly young about issues that they consider very important and positive. there responded to a positive by lynn paul in your talking about in the west by something we call cbe. counting violent extremism. which is not only very bureaucratic and boring, it is negative. don't we need a positive term for what we want, for you are all talking about? in order to make an appeal to this

i'm haqqani, director for south and central asia here that attendance to two. we are grateful for what we have received in the partnership of the indian industry and i would like to ask before we get started, -- thank you for puttig together this panel. president trump and prime minister modi are going to be meeting today. the congressmen in an effort the u.s.-india relationship have a defining partnership of the 21st century, a term that has been used by presidents of the u.s. in the last couple of decades. in the op-ed in "the wall street journal" this morning, prime minister modi had values between the united states and india. we all know that while values and interests are a conceptual framework in relationships between nations also have to be measured and they are often measured in terms of how well they do in commercial partnership and trade and industry, which is why we have brought this panel to you today. the second-largest bilateral trading partner in goods and india is the united states ninth largest blunder will trading partner. bilateral trade in g

whether it is in the middle east or central asia. the emergence of the mosques. young kids are not necessarily going to the mosques with their parents. so what happens when you're looking for these spaces to express yourselves because you're facing legitimacy and struggling with expression? and so, in many instances some of these extremist movements offer that void. they speak to that expression. that's why some of them have never been to the mosques at all or communities may have reported them as well. >> excellent. upfront here. >> i'm a former retired service officer. if you permit me as a former working level bureaucrat, i'd like to drop down to the tactical. you're talking about how to i peel to a large number of people, mostly young about issues that they consider very important and positive. they're responding to a positive siren call and you're talking about in the west responding so something like called. cve, countering violent extremism. which is not only very bureaucratic and boring, it is negative. don't we need a positive term for what we want, for

collectively look at and frankly as well is this movement in the world and it's in the middle east or central asiamergence young kids aren'tdl necessarily going to mosque of the parents. and so what happens when you're looking for third spaces to express yourself because you are struggling with legitimacy, t struggling with expression, and so -- in many instances some of these extremist movements offer that void. they speak to that expression. and so this is why you see some of them post mortem on drugs but never been to the mosque at all but y reported them as well. [inaudible conversations] >> right upp front here. >> former retired foreign service officer, if you permit as pormer working of a i have to vow to tactical talking about how to appeal to a -- large number of people mostly young, about issues that they consider very important and pause that responding to a positive call and you're talking about in the west responding to that by something we call cbe counting violent extremism which isis not only very bureaucratic and boringg but it is negative. don't we need a positive term for what w

asia, africa, central asia, there are areas where money can be deployed.stment, but giving money away in order to enable those countries to pick up productivity. right now it is china, one belt, one road program. relativelyllish selfish but nevertheless enlightened marshall plan for those areas. angie: these countries do need to pay it back at some point. >> they will never pay it back, and china knows this. just like the marshall plan was never supposed to be paid back and was not paid back. this money will not come back to china. to overt is do you want invest in your domestic economy and see further collapse of returns within china, or would you rather invest in areas that potentially have higher returns? the other issue is the geopolitical and social risks. if you don't build out those areas, they will come home at some stage. ,hrough immigration, terrorism all sorts of stuff will happen. there are two incentives, better allocation of capital and geopolitics. to giveery quickly just it, hong kong bond contact, no official start date yet, are you lookin

the only friend we have been central-bank land is over and asia, bank of japan, for the most part nowat said, whether the central bank is supporting or detracting from demand in a given market is defined by whether they are tightening faster or slower than what is priced in. what is priced in right now for most central-bank action is a relatively gradual pace of tightening. if we generally do get tightening that is not priced in, that poses a modest problem for risk assets. i doubt it is a huge one. the issues with high-yield are really aboutif we generally do t tightening that is not priced vs to the equity market rather than direct central-bank policy. jonathan: everyone seems to be confused by bank of england policy. jim caron with guy lebas and margaret patel. let's get you up to speed on the markets. what a week it has been. yields higher by a margin of three basis points. big move further down the curve. 13 basis points. on theet back up to 282 30-year treasury still ahead, the week ahead, featuring the first meeting of president trump and putin. you are watching "bloomberg real

central banks. market,ities in this the head of equities research for asia, thank you for hanging around.ghs after record highs when it comes to global equities. where are you finding value? i know you like emerging markets in terms of picking up good valuations there. >> we like equities globally than bonds. ,lobally, we like japan emerging markets, specifically asian emerging markets. we are more neutral on other developed markets such as europe and the u.s. in terms of sectors for japan, would you be avoiding currency-sensitive stocks? japan, we haveat record high earnings. we saw earnings bottom and fourth quarter, up 25% from their, but it is consumer discretionary and autos lagging in terms of earnings and performance. it has not been the place to be come although that is a cheap sector of the market. the key for earnings amongst the where theywill be end up. corporate japan is conservative in its estimates for the yen and therefore earnings going forward , so if we see the yen towards 114, that is a tailwind for currency-sensitive sectors. rishaad: let's get to the i want toserve,

part of the onset of the monsoon region that continues to move from south to north across central and eastern asia. back to you. >> thank you so much. >>> pressure is mount iing on t british government over tower safety. 34 high rise buildings in 17 different areas across the uk failed fire safety checks since last week's branfeld tower fire. >> buildings deemed unsafe, some people are refusing to go. rebecca berry reports from camden. >> you made it back in? >> yes, yes. >> reporter: they've been told to go, but some are refusing. why are you staying put? >> we're not going to stay on the street. they couldn't find a place for us. they want to put us somewhere -- >> reporter: even though officials say their building has failed five safety tests. this man was told to leave at 3:00 this morning because of concerns over the fire doors, external cladding and gas pipes. >> gas pipes. apparently what's behind there is wrong. somebody has looked at it. >> reporter: in the past? >> in the past, somebody looked at it. >> reporter: does that concern you that's right by your front door? so you've been told

yvonne: we have got three central-bank meetings in asia the next several hours.ad the rbnz several hours ago. what is expected out of thailand and the philippines? kathleen: let's recap the rbnz a little bit. they did hold their rates at a record low. they did not protest against the strong currency as some thought. graham wheeler is the head of the rbnz, also signaling they are not going to raise rates for a considerable period. he thinks inflation will move lower. another said bsp is also meeting. no policy change because inflation has decelerated a little bit. gdp growth looks lower. taiwan's central bank also seen on hold. they have got a stronger currency that is suppressing inflation, so no change expected. a central banks can surprise, so we will see what happens next. yvonne: kathleen hays, thank you. still ahead, waiting for their health check. take a look at how u.s. banks will do in the annual stress test. betty: trumps criticism of china's role in handling north korea hurt ties between washington and beijing. a are going to talk to professor at a univ

central banks are doing. >> a preview of today's china factory data. by some are predicting a slowdown in growth. this is bloomberg. ♪ >> this is daybreak asia. l banks stockpiling and rebuilding foreign-exchange reserves against a third fed hike in six months. tim joins us now live from singapore. great to see you. i want to start off with the fed. they are the leader of the pack when it comes to exiting qe. has it changed the conversation in asia on exiting stimulus? we are heading in the right direction now? >> i believe it is. it is difficult for central banks anywhere to contemplate anything other than tightening when the fed is raising rates. of theght that some central banks would be in a position to ease policy this year. indonesia might be able to. the imf is urging thailand to ease monetary conditions but i think for most it is a stiff headwind to that approach the fed is tightening. reserves.ioned the fx this is b2b 27. it shows the stockpiles for some of these countries, they have been on this upward path. to suggest that in terms of the defense side they are covered for now, how much longer can central banks hold off? do they have

. >>> shifting the discussion to stocks in asia china's central bank leaving rates unchanged despitehe fed rate hike. back in march the peoples bank of china uped its overnight rate hours after the fed raised rates. this time not the case the shanghai closing flat. hang seng down 1.2%. the nikkei down 0.2%, this ahead of the bank of japan meeting tomorrow in europe, the swiss national bank announcing it is keeping interest rates unchanged the snb believes the swiss franc is significantly overvalued. swiss franc up 4.5% against the dollar year to date. the bank of england policy decision is due at 7:00 a.m. eastern. at the same time investors are digesting retail sales figures, rising 0.9%. that's short of estimates. let's look at how european equities are responding. relatively negative across the board. ftse 100 down 0.7% a notable move in french equities, down nearly 1% ahead of the boe decision central bankers clearly in the spotlight. not just the u.s. but japan tomorrow, russia as well >> we also had european data in terms of the trade balance, 17.9 billion. consensus was 27.1 s

asia with adam haigh. the latest impetus from the central banks, does that have any more momentum in asia?tions are that it does this morning. not a huge an, but positive sentiment rolling through, all a part of the global assessment they are making on high rates. clearly, the expectation for high rates has been coming for some time. but the language changes by the central bank in the last 48 hours or so. it is significant for the implications on this part of the world, as well. tests those fed a stress and u.s. banks have done well in after-hours trading in new york sessions as well. that is a bit of positive sentiment. there is a light economic calendar, japan sales and a business sentiment survey. dial. amount to move the but we expect equities trading in 20 minutes or so. in sydney you have been looking at the rivalry between australia and new zealand. we are not talking about rugby, but the stock market on the asx as well as new zealand. why the hysteria we are seeing now? adam: it is really stark. have a look at this chart on the bloomberg terminal. showing us is a pronounced outperf

asia business report. despite lacklustre growth the american central bank has taken steps to cool the world's largest economyg ahead with the second interest—rate rise this year, signalling another is on the cards in 2017. the fed reserve, led by the chair, janet yellen, had plans to shrink the bond holdings and massive debts which were built up during the financial crisis. our correspondent michelle fleury sent this report. it is steady as she goes at america's central bank. officials here are determined to stay the course of slowly but steadily raising interest rates. the fed chairjanet yellen explained that with the world's largest economy improving, this and further rate rises are needed to head off inflation. we continue to expect that the ongoing strength of the economy will warrant gradual increases in the federal funds rate to sustain healthy labour markets and stabilise inflation around the 296 and stabilise inflation around the 2% long run objective. and stabilise inflation around the 296 long run objective. and the head of the international monetary fund, speaking in germany, said that the hike wa

central banks across europe and asia are exploring using virtual currencies.t is despite the influx of cyberattacks and the wild swings of crypto currencies. dormant college economics professor andrew evans told bloomberg digital currencies can benefit small businesses and consumers. vietnam, china, and denmark's central banks are said to be considering options. investors blame a brokerage firm on the regulatory inflation for the sudden plunge of hong kong stocks. companies say more than 90% while 17 others dropped more than 40%, losing a combined $6 billion in market value. hong kong's benchmark indexes among the year's best performers.the selloff drop those enterprise markets, the most since 2015. 2015.ce joe: i wanted to talk a little bit about the hong kong crash. check out this chart. there are two reasons i like this chart. one is you do not see stocks plunged 95% in a day very often. this is an umbrella company. you do not hear about publicly traded umbrella companies that often. publicly traded umbrella companies in hong kong that are part of the big s

bit of a jolt to wake up asia, but also central-bank decisions, heads speaking this week. t's take a look at asia, slow going on this monday morning. x 50.on the nz austria, counting down to the open in sydney, seoul, korea, and tokyo. $43, so couldve be a boost for equities. slightly higher when it comes tospi 500 futures. spi 500 futures. we could be seeing equities , a 40 point loss at the open in tokyo, so still looking pretty quiet. today. markets closed singapore,in malaysia, indonesia, philippines, and india. >> that's right. looks in thesia early going. we continue to watch headlines ,oming out about takata deciding to file for bankruptcy today in a tokyo district court. far, no comments from the company, but we will be watching more detailsy and on this bankruptcy. let's get to first word news. haslinda: south korea has joined nations buying american shale gas. year deal will see cheniere lng sold to south korea. has committed $19 billion to clean up to fail banks. the deal involves another lender taking over assets with state funding of more than $5 billion. the e

betty: top central bank is talking up the strength of their systems and also their ability to adapt. this is the second hour of daybreak asiayou from the headquarters. ime yvonne man. :00y: it is just after it p.m. in new york. i am betty liu. it was all about central bank tech shares and this cyber attack. those were some of the themes that dominate the markets here, ending lower in the u.s., setting you up for asia trade. on a good noteot so far. let us take a look at how things are playing out wednesday morning. on theto my function bloomberg. we are seeing this selloff in equities continuing with the kospi leading the way so far. the nikkei as well. 80 points down at the start of trade. a weaker dollar story overall after the euro rose to its highest since august after mario draghi's comments over, talking about inflation. he said the downsides risk has -- downsides risk has been temporary. aboutyellen talked with the lost evaluations on u.s. markets, putting a damper on this side of things right now. on the right side of my terminal, wti crude falling 1% this morning. 4383. the market blindsided by that aip report sayi

i have with any government anywhere in the world, whether it is in eastern europe, southeast asia or central and south america that we do not talk about their relationship with north korea and asking them to examine all of those ties. and even when they say, oh, we only have $5 million worth of business i say make it 2. so we are at least at this stage making clear to people around the world and governments what the u.s. policy and position is. the report that you cite which i have not had an opportunity to review in detail but i am familiar with it, i think it docile straight just how sophisticated and complex getting at north korea's sources of revenue are. that's why we are also working with china and russia to put pressure more on how commodities are delivered into north korea because that is very visible. the intricate financial networks they have established around the world are challenging but they're not impossible to address. so we are working closely with the treasury department where we can substantiate, because we don't want to take inadvertent action against someone that we're n

central bankers have been saying as well. i am rishaad salamat broadcasting from bloomberg's asia headquarters. i am haidi lun in sydney. ing financials carry on from that extended rally in wall street. what -- parsing what the central banks had to say, the boe there. we are taking a look at the shanghai and hong kong markets just kicking over to the open. shery: a pretty good start for the markets in china. the hang seng index gaining .7%, and you mentioned tech shares leading the gains, up 1.4%. the only sector losing ground is energy, although oil prices are gaining for a fifth consecutive session. regulators will start looking into that sell off of some small s we saw earlier in the week, 17 companies losing 40% of

when anti-immigrant websites ain't those africa and asia as jihadist or fleeing central america gangbangers, remember, most of them are kids. fleeing their country for their lives. mr. speaker, america has throughout our coice history been a beacon of hope to refugees fleeing religious attacks, facing government intolerance and persecution, or unsustainable poverty. beginning in the 1840's when the potato crop disappeared because after blight in ireland, the irish people were left starving. over eight million people in ireland, three million to four million of them faced starvation. about one million died. mostly of starvation and disease. another two million came where? to america. according to a recent article in the irish time, quote, panic had set in by the winter of 1846. people risked winter voyages across the atlantic on unsanitary, unsafe coffin ships. continue to quote, people were placed in quarantine station or held onboard ships docked at ports. refugees experienced violent and racist reactions. liverpool, glasgow, baltimore, new york, philadelphia sought unsuccessfully to restr

we are covering them all on daybreak asia, including central banks., the boj, and the fed meeting. that will be huge. the fed is back in focus, traders saying they will raise the benchmark interest rate by a point of a percentage point. that would be the second increase this year. we are watching key economic numbers on retail sales for may, but let's look at what the fed's mandate is. jump into the bloomberg terminal . inflation and at the same time, implement in the u.s. -- employment in the u.s. 9244, you can see on one front to have got the employment now down to 4.4% were the jobless rate is, but they are missing the mark when it comes to inflation. they are not at the inflation target represented by the red line. dogging japan is also dogging the fed in the u.s. is that they need to get to inflation targets in order to accelerate the interest rate increases. you are watching the boe, boj and other central banks. yvonne: the national bank of switzerland. all three meeting for monetary policies. , it is kindthe boe of dismal for theresa may and ma

." ♪ haidi: asia-pacific markets pair monthly gains. central banks adopt a hawkish tone.aad: the search inflation, picking up a fraction, but a long way on the target, industrial production false in may. haidi: mark carney says investors are ignoring the potential costs of climate change. 20 years after the handover, what does the future hold for hong kong and china? indeed, talking china, breaking news, manufacturing pmi and nonmanufacturing data from a slight move to the upside, 51.7, looking for 51. what is your instant take? >> it is a surprise. i thought sentiment is weaker. you have a cooling off for the real estate market. it means momentum in the economy continues to be robust and that very gradualonly slowdown at worst in the coming few quarters. let me bring up a chart, #7313, the diversions nonofficialcaixin manufacturing. the official number has more of the state owned enterprises. is the reflation going on now? >> i don't think the reflation is still going on there. the decline is because of commodity prices. rishaad: deleveraging as well, perhaps weighing in

so these things i think given the centrality of economics in asia, this really matters. and the tag line i keep saying is i'm going around town talking about these issues, is there's no amount of defense spending that can make up for this, no amount of ships the u.s. can build that will reverse these perceptions. it will be economics. and economics will start having an effect. so that particular finding, and i'll be excited to see how it's revealed. but i think it's going to be pretty stark. and the trump administration doesn't get in on the game whether it's reviving tpp or not, then u.s. leadership in the region will detearierate no matter what. >> we'll take two final questions together. the one on the side, the gentleman here i think the fourth row and right across as well. >>> earlier trump express gratitude with the outcome of brexit. is his slow learning curve on international economics a concern in much of the rest of the world? >> and right across here as well. we'll take two and wrap up. >> freelance writer. i actually wanted to touch on a middle east question

andt there isn't a bilateral discussion with any government anywhere in the world, southeast asia or central and south america. we are at least in this stageke making it clear to people around the world. the report that you cite that i am familiar with it i think it k does illustrate just how sophisticated and complex getting at north korea resources and revenues are and that is why we are also working with china and russia to put pressure more on how they are deliberative. we are working with the treasury department because we don't want to take inadvertent actionng the against someone that we are not confident is violating the sanctions. to the extent possible we are not interfering with their own i ability to manage this.h it o if you don't want to deal with it we would certainly be willing to deal with it ourselves. we are in a state that we are moving into this next effort to start taking secondary actions against the countries that we provided information to either have not. to the petroleum and other exports into north korea.a we are never going to vote for the embargo and that's been

discussion i have with any government anywhere in the world whether in eastern europe, southeast asia, sore centralhat we do not talk about their relationship with north korea. and asking them to examine all of those ties and even when they say we only have $5 million worth of business i said make it two. so we're at least at this stage making clear to people around the world and governments what the u.s. policy and position is. the report that you cite which i have not had an opportunity to review in detail but familiar with it, i think does illustrate how sophisticated and complex getting at north korea's sources of revenue are. that's why we're also working with china and russia to put pressure more on how commodities are delivered into north korea because that is very visible. the intricate financial networks that they have established around the world are challenging but they are not impossible to address. so we're working closely with the treasury department. where we can substantiate. we don't want to take inadvertent action against someone we're not confident is violating the sanctions. we'

that -- are that as with cold war, asia and africa remain critical and central to china's effort to reinvent its position in world affairs. "a formal conference to launch this one vote initiative which will link china to asia, africa and some parts of europe through massive investments in infrastructure and efforts to increase trade. i think that asian and african countries, china remains convinced that it has something to offer them. officials don't like to say things that overtly but you hear chinese scholars and intellectuals bringing up these points. the american response is more measured but there are still forn exaggerated reports responses. before 2016, you had instances of overreactions. the010, johnny cochran, assistant secretary of state for african affairs at the time called the prc a pernicious competitor with no morals. the problem is that wikileaks got a hold of this document. it is one that is pretty easy to find nowadays. sino-american relations. future,say that in the there is inevitably going to be some forms of competition between the united states and china. we compete wi