from the united nations sustainable goals summit will be joined by our south african friends from davos tracy chambers the c.e.o. of the clothing bank will discuss the circular khana meat houses and businesses make more efficient effective use of inputs and ways for increased returns and a more sustainable planet we'll talk it over with tracey we are full to the brim with cool and stimulating. let's go. a broad coalition of nations has stepped up their defiance on u.s. policy on iran by creating a finance mechanism to skirt pending sanctions on iran all while the european union's top officials for external affairs announced at the un general assembly meeting in new york this week that the remaining parties to the two thousand and fifteen iranian nuclear agreement have created what they call a special purpose vehicle that's s p v for that purpose u.s. president. donald trump renounce the arrangement but the other nations that hope to salvage the agreement russia germany france china and britain are trying to convince iran to stay in and not restart their nuclear development program despi

available exotic good for it for the public so i didn't see some middle ground i think i had to manage davos straightforward clearing out everything . that's all torn and other street vendors want a plan that will allow them to stay and maintain their livelihoods. that's all for business thanks for watching i'll see you next time to caring to buy. a. i'm not proud of they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of just to try to show them. taking a stand global news that matters. made for mines. time for an upgrade. our furniture their clothes on buying. a house with no roof. design highlights you can make yourself. tips and tricks that will turn your home special. upgrade yourself with d w's interior design channel on you tube. climate change. waist length pollution. isn't it time for good news eco africa people and projects that are changing no one fireman for the better it's up to us to make a difference let's inspire each other. to an environment magazine. long d.w. . hello and a very warm welcome to a special edition of

it's for the latest world economic forum — also known as ‘the summer davos'.ghtened global trade tensions are overshadowing the global economy. in july the international monetary fund warned that 0.5% — or about $430 billion — could be wiped off the global economy as a result of the trade war started by the united states. but that was before president trump announced his latest tariff on another $200bn worth of imports from china. let's get more on this story. 0ur asia business correspondent karishma vaswani is in tianjin and joins us now. karishma, what has the chinese reaction been like? it's what everybody is talking about here today. this forum was supposed to be the discussion about the economic growth engines for china's future and the trade tariffs. i've been speaking to a lot of people out here. the mood is pretty sombre. china's economy can deflect the impact of the tariffs. there is a lot of domestic demand. the economy is something that has been growing relatively well, even though it's been slowing down and i think, the issue that is at the heart o

of leaders from around the world are in in the eastern chinese city of tianjin, known as the summer davostensions are overshadowing the global economy. the imf warned that 0.5% oraround global economy. the imf warned that 0.5% or around $430 billion could be wiped off the global economy as a result of the trade war started by america but that was before president trump announced tariffs on another $200 billion worth of imports on the mainland. karishma, this is indeed a difficult time for us- this is indeed a difficult time for us— china trade relations. absolutely, and that is certainly the big topic of the day for many of the big topic of the day for many of the people who are attending the world economic forum here in tianjin. the announcement came about 1.5 hours ago and is kim pointed out, this is a serious escalation in the trade relationship between the us and china. 40% of chinese goods, all chinese goods sold to the united states, and if beijing retaliates, the us has said there is another $267 billion that it could place a tariff on. so what is china's view? i have got with me,

same with that's a davos.me in with lucrative portfolios of actively traded companies or privately held concerns. in ross' case, he owned shipping enterprise that had ties to the chinese government. and another company that did steel transactions with companies based in south korea. can heeasonable to ask, negotiate any trade deal with south korea or china uninfluenced i what is in his wallet. betsy ross had investment in for-profit education ventures, including collecting money from indebted students. they had a contract with the department of education, which she was over saying. it speaks to a lack of process. they did not have a good transition team, people saying it could look really bad if wilbur ross or betsy devos has this stuff. it is much of a problem with ethics as much as bad management. >> another pair of leaders in trouble, this time in the corporate world. wherert with elon musk, tesla is in crisis again and again. >> and the chinese giant, attention on its leader revealing shareholder risks. ♪

it's mainly about the rule of law and about press freedom that fogged up perfectly by hurt by this davos to last about the case of chandan darr a turkish journalist now in exile in germany everyone was defiant out of the q.b. bush flew for such which he used a loophole and he fled to germany. but his court sentence remains valid. and this person belongs in jail because he has revealed state secrets. you show which has outside on the streets of berlin protesters were also drawing attention to the lack of basic freedoms in turkey. a protest it's not against the one but it's against his politics is politics of violation of human rights is politics of violation of freedom of press and journalism is not a crime but it seems to be a crime in turkey. earlier german president steinmeyer greeted at a one at bellevue palace this visit is an attempt to normalize relations when times are anything but normal turkey is holding a number of germans as political prisoners not to mention thousands of his own citizens many politicians worry the owners go too far. better cause for peace i think this appease

forjoining us, karishma vaswani, in tangerine at the world economic forum, often called the summer davoser najib razak was arrested again and he will be of over $600 million in linked to state investment fund imdb ended up in his personal account. the australian prime minister scott morrison has announced tougher prison sentences for anyone caught tampering with the food chain. police authorities are investigating more than 100 cases of needles found in fruit, mainly strawberries, around the country. can't decide if you would like to joina can't decide if you would like to join a gym or the age of the studio? and you don't want to be paying for two separate fitness studio memberships? —— a yoga studio. that is the thinking that led to a fitness at that gives members access to various workout studios. katie silver met with the chief executive, frans lehman, and asked how the business is faring in two minutes. on at business is faring in two minutes. onata business is faring in two minutes. on at a boxing gym business is faring in two minutes. on ata boxing gym in business is faring in two

stephen engle for our summer davos, as it is popularly known.itting down with the likes of the european commission vice president and plenty more conversations coming from the city, so you do not want to miss that, particularly as we get closer and closer to the brexit deadline. let's take a look at some of the stories trending across the bloomberg universe. on the terminal, rapidly climbing, lose on -- news on the trade tariffs. isbloomberg.com, one feature grabbing attention, telling the story of an online lender in north carolina. of cloud to keep working through hurricane florence. out, the stories trending on the bloomberg, online, or on the terminal. this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. quick check of the latest business flash headlines. wealthrabia sovereign fund is to invest more than $1 billion in the u.s. electric carmaker, having already taken a stake in tesla. it clinches crucial funding for the company to make its first model in 2020. it is years b

davos fans it's like chromagnon man davos man.erthal. >> larry, you've met him. >> thanks, joe. >> only 2.5% do you think we see 5% down at some point to buy? it's acting better than what you thought at this point. i wonder if we see -- >> do you wait to buy or would you go ahead at this point, one where we're thoroughly involved to all of the players -- i think incrementally you can anybody in here it's doing a little better than i thought but i think the comcast people are a lot more clever than the initial trading indicates. history says that's the case. >> it's different shareholders anybody that didn't want to be a part got washed out. >> the most clever part in my mind buy four things disney to pay off fox. >> they basically were in no position to really channel it. >> that's where they came in early on >> you do have the situation, joe, where it's a controlled corporation. disney is not. brian basically is responsible to brian although he has a quality board with him ig iger, got into the situation and the multiples are hig

from the united nations sustainable goals summit will be joined by our south african friends from davos chambers the c.e.o. of the clothing bank will discuss the circular in qana meet houses and businesses make more efficient effective use of inputs and ways for increased returns and a more sustainable planet we'll talk it over with tracey we are full to the brim with cool and stimulating stuff let's go. a broad coalition of nations has stepped up their defiance on u.s. policy on.

microorganisms trigger a topic dermatitis and research is that a swiss alpine clinic in the town of davos are trying to find out they're carrying out a joint study with environmental medicine specialist claudia title hoffman from alex burke university in germany. there's a lot going on in the field of a topic demi titus. the dermatologist take skin swabs she wants to use the samples to measure what's called the skin the micro biome by identifying every species of microbe that lives on the patient's inflamed skin with. our wives our work currently focuses on the micro biome we've discovered that it's not in equilibrium in patients with a topic damage titus and other chronic skin diseases there were microbes called stuff like caucus oreo's predominates and other species a fewer and further between. the outer surface of the human body is a biosphere in its own right around one hundred billion bacteria viruses fungi and mice live on each and every one of us together with microbes that live and find us they make up the micro biome. a baby's first exposure to microbes occurs during birth when i

economic forum meeting last week where the prime minister turned up to do the thing they now do at davosese chinese leaders turning up talking to the business elite about, stay calm, we are with you, it will be fine, and defending the multilateral trade system. he addressed questions about the domestic economy because people are worried about chinese debt. presumably worried about the chinese banking system as well. the assumption is the state will not let it go and most of the exposure is domestic, so it's not quite lehman brothers. people are worried about it and they are worried because since the financial crisis china has over—relied on investment stimulus, in effect, building infrastructure and so on, for its continued growth. if it is not going to do that any more — and we're getting to the outer edges of what can be done — what will take over? and that is what he was talking about. he said we will not do another big fiscal stimulus, we will not do competitive devaluation, we are doing tax cuts, very reasonable set of pressures that he was putting forward to mitigate the effects of

this three by five meter installation made up of eliminated in davos is the work of german artist christianityt features in the paul slim band allah currently taking place at albert expo castle in mice and it was here around three hundred years ago that the first manufacture in europe was established artist katherine baxter has built a ceramic igloo. invoke each country and it's normally an old out logs or an igloo were made of snow and in this case they're made entire length of porcelain. with these spots along with not of course it was honored by freezing there was fire trove underdog race and with the ball so it's quite an extraordinary piece americans with the subject. closely and where it is generally viewed as genteel and traditional about the band allah invites artists to prove it can be edgy and experimental too there isn't a gold rimmed coffee cup in sight disha. vent runs through till early november and includes work by thirty one artists from twelve countries. first machine or first in here to see what intrigues me is how delicate the worship is as a. young man he uses his scalpel t

and has i'm sick of this is al jazeera live from davos a coming up voting for a president in the maldives an election that seemed to favor the government and has the opposition crying foul. struggling to survive with no let up in the war yemenis are forced to take extreme measures just to stay alive. putting the pressure on prime minister theresa may britain's opposition labor party wants a new election as talks hit a stalemate. iran's revolutionary guard is promising to take what it calls deadly and unforgettable vengeance after an attack on a military parade at least twenty five people were killed when a gunman opened fire in the southern city of a have us diplomats have been summoned by iranian officials as the blame game is stepped up iran's foreign minister has summoned the emma rotty sharjah affair following a tweet by a prominent emraan political scientist which said the attack was quote not an act of terrorism and voice from the u.k. netherlands and denmark have also been called into the foreign ministry in tehran with whose governments accused of harboring opposition groups to gu

a lot of people that i've been speaking to here at the forum, which is often called the summer davos, concern about what's being seen as the most serious escalation of the trade tensions between the united states and china. you know, we're looking at something like almost half of everything that china sells to the united states being put under a tariff starting monday, september 2a, and then from january one, 2019, that tariff will go up from 10% to 25%. china's hit back, even though it says that it's a choice that it had to make to retaliate, putting $60 billion worth of american goods under a tariff as well. but i think it's really important to remember that all of this is something that china consistently says, that it's been put in this position by the us and by president trump, and that is why it has to push back. it is a choice that it wanted to make, it would rather discuss and negotiate and have some kind of resolution to this trade war. and i think that's the feeling of many people out here as well, when will this trade war come to an end? because there are knock—on effects t

reaction to trump's new tarrifs as business leaders gather in tianjin for what's called the summer davose assess the ambitions of samsung and south korea's other big business leaders as they accompany president moon to north korea. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. the emmy winners are now enjoying the after party at what is being described as a "golden age" for television — globally many of us are spoilt for choice with so much good quality programming. so we want to know are you watching tv more? are you hooked on a series? let us know — just use the hashtag #bbcthebriefing. another round in the global trade war. the united states has announced it'll slap fresh tariffs on two hundred billion dollars—worth of chinese imports. they're due to come into effect later this month at a rate of 10%, rising to 25% if beijing retaliates. it's biggest round of trade tariffs yet imposed by washington on beijing. i'll be discussing the implications of this in just a few moments. first, here's sharanjit leyl. president trump is

we will be live to what is known as the summer davos, in tianjin, where we will hear what xi had to sayntially dangerous weather on the way over the next 2a hours. the met office has issued an amber be prepared warning for the strength of the wind across northern ireland and central and southern parts of scotland, and it is down to this deep area of low pressure. a lot of isobars on the chart. this is a storm ali pushing its way across north—western parts of the uk. as well as the winds we have some very heavy rain across northern ireland, south—west scotland, towards the central belt for your morning rush hour, and this is the area where we are most concerned about the strength of the wind. because wind gusts are likely to get up to 60, 70, maybe 75 mph. perhaps even a touch stronger than that for a time in the most exposed spots. coupled with strong winds with that heavy rain, this is a recipe for travel disruption. perhaps a little bit of damage as well. remember the trees are mostly in full leaf, and further south, parts of north—west wales could see gusts close to 70 mph, a0 to 50

pressure from the united nations sustainable goals summit will be joined by our south african friend from davos tracy chambers the c.e.o. of the clothing bank will discuss the circular qana meat houses and businesses make more efficient effective use of inputs and ways for increased returns and a more sustainable planet we'll talk it over with tracey we are full to the brim with cool and stimulating stuff let's go we are full to the brim with cool and stimulating stuff let's go. a broad coalition of nations as step. their defiance on u.s. policy on iran by creating a finance mechanism to skirt pending sanctions on iran oil the european union's top officials for external affairs announced at the un general assembly meeting in new york this week that the remaining parties to the two thousand and fifteen iranian nuclear agreement have created what they call a special purpose vehicle that's s.p.v. for that purpose u.s. president donald trump renounce the arrangement but the other nations that hope to salvage the agreement russia germany france china and britain are trying to convince iran to stay i

the eastern chinese city of tianjin for the latest world economic forum, also known as the summer davosve to karishma vaswani in tianjin shortly but first, let's get some reaction from new york. kim gittleson is there. the notable thing is certain items have been left off the list, including smart watches, at the behest of abdulkadir masharipov, which said it did not want to see ta riffs which said it did not want to see tariffs impose a match which would impact on the abdulkadir masharipov watch. —— at the behest of apple, which said it did not want to see tax imposed on that which would impact on the apple watch. the us said of china retaliated in kind, it was prepared to tax the totality of chinese imports. 0ne was prepared to tax the totality of chinese imports. one of the interesting things is that the reason that the trump administration feels safe in imposing these tariffs, which will hate everything from toys to furniture, is that the us economy is doing quite well right now and they have done the calculation that american consumers can withstand slightly higher prices because t

says as hyperbole exaggeration that's how you described his claim that he had roamed the streets of davos city here and he was mare and personally killed people this was an interview you gave february last year but that's not hyperbole he's never said he killed p.c.'s but out of self-defense of those killers or killing people and he was part of the operation how many is he killed he has not said so to my eyes he went out and killed people did he is self defense yes how many i don't know who had to us and we have no idea was never investigated or is he too powerful to investigate was investigated by the us fall out not to be guilty but human rights did that. what about the police was never investigated for murder by the police nobody complained you or they object they're dare your victims well you know this country there is a rule of law and we follow certain processes you have to follow the rule you file a complaint the preliminary investigations conducted by the prosecution to determine probable cause there is then a case just fine in court without that you cannot stick you said he kille

it out some from davos but i'd like. for you true though not it's not as much about the fact. that if you shake. the plastic by washing one skull fight it out that if i let it go back. up i'm stuck go just post i mean i'm going to stick with you but like you i dish nazi steinway young and now trash it so they have about. instituting martial law also tells the soviets there is no reason to interfere in poland and the country is now under control solidarity has been made illegal it's thousands of supporters hunted down and then some progress did. you. see it in the. is there that militia life isn't normal now life so shortened dreams seldom come true. now the common dream of all those loyal to solidarity is for the release of violence us just pushy . that i. seek to discredit as a prisoner in a gilded cage state television gives the impression he is living under privileged conditions. if mr dylan so how are you feeling. like i'm not i'm not complaining i'm doing pretty well but for a year i've been completely isolated from the outside world completely don't you have a t.v. that

reaction to trump's new tarrifs as business leaders gather in tianjin for what's called the summer davos

it is called the summer davos, many influential people there.f china‘s richest people. he has been addressing the event, and the us—china trade war is on his mind. 0ur asia business correspondent karishma vaswani has been listening to what he had to say. we‘ve heard a lot about how american businesses have been affected by this trade war. today, we got some signs of how chinese companies operating in the united states might be affected, too. alibaba‘s chairmanjack ma has rowed back on his plans to create a million newjobs over the next five years in the united states because of the trade war. he says that the relationship between the us and china has been soured as a result. mr ma was speaking at the world economic forum in tianjin on a panel on entrepreneurship. he didn‘t directly reference his plans in the united states but he did talk about the impact of the us—china trade war and said when he was speaking to chinese entrepreneurs or people who wanted to go into business, that they needed to plan for this for the next 20 years. he also spoke

their billionaire founder, chief executive, and chairman, he has gone to aspen and davos, set up a newgallery with jd swag -- but the first time he pops into international headlines was when he was arrested over labor day weekend. carol: what were the charges? was arrested on suspicion of rape in minneapolis and arrested with no charges having been filed. so he was allowed to go back to beijing and was not charged, but the investigation is not closed. what is interesting is the story gets into the structure of the company and how much control he has. jeff: this is the question of sidelines,n the possibly incarcerated for a significant time. this has much bigger than manyions for jd other companies because it is structured as a variable interest entity. is rare in theit united states but common among chinese companies. several executives control the most important aspects of the company. jd has to contract with the executives to get dividends from those assets. the road,has been on courting a block of big-name investors, who would be exposed to this in a meaningful way if this were to g

to discuss a circular economy to do so we are pleased to be joined by our south african friend from davos tracy chambers the c.e.o. of the clothing bank was fresh from the united nations sustainable goals summit tracy so good to see it thanks for being with us it's a pleasure to have you in new york i wish i could be up there with you but it's great to see you on t.v. . thanks thanks very much spot there and a lot to be happy so tell us a little bit about what this summit was a like was go with that first what were the main points of them will get into the circular economy but what was the summit what were the main takeaways from it. well it's the second time the world economic forum which were a member of the schwab foundation is hill. sustainable development impact summit and really bringing to give the. entrepreneur corporate finance governments to talk about how we're doing to achieve the goals and figure out how we're going to do it better and lots of great discussions i think we're only going to do it to give up and that's the most important thing so tracy when we talk about the sho

we met at davos. it was what behind -- was behind you setting up the center for ethics.nk everyone would be interested why this became at the top of your agenda and your views on that. i will add my own. i think this is the paramount issue. if people do not trust in these new technologies, they will not flourish. it will create a greater have and have not technology. -- society. >> the technology of the future. the economy of the future depends on people having access to technology. life,ir day to day trusting that technology. that is why we sent up the center for ethics. it is putting these together to make sure as we see development taking place, we are able to set peoplehical framework so will have the confidence that having to worry about how they data is going to be used. if people see this new technology being used to real advantage in their day-to-day lives, ways perhaps i had not thought of, if i can give one example. one of the challenges on ai is about how it can actually be ofd to get earlier diagnosis key diseases and health problems people have. doneesting w

one degree or now.er for several years so their billionaire founder and lue, has goneard aspen in davos a new york gallery, branded with j.d. swag, that sort of thing. the first time he's really popped the headlines, and theately, for him company, is when he was arrested over labor day weekend. >> what were the charges or the allegations? >> well, on september 4, minneapolis police came out and arrested onen suspicion of rape. then he'd been released with no charges. allowed to go back to beijing. he hasn't been charged with anything but they said the investigation is not closed. >> it's not clear whether charges will come. gets into kind of the structure of the company and how much control he has. >> yes. this is any question of lue's orng either on the sidelines possibly incarcerated for a significant period of time. there are much bigger ramifications for j.d. than it for many other companies because j.d. is structured as a variable interest entity. that means, in practice, it's relatively rare here in the in., but surprisingly common chinese internet companies. it means that lue and

actually, we like davos, we used to be they were called tops and bottoms in the market. and it turned out that things were positive. antonio, thank you thanks for being here. >> thank you for having me >> thanks, antonio keep up the great work >> thank you >>> coming up, when we return, the fed's decision to raise rates for the third time this year indicating there is more to come we're going to talk markets and investments. >>> and later, the sweet business of hershey. the ceo is going to join us. you're watching "squawk" right here on cnbc hi, kids! i'm carl and i'm a broker. do you offer $4.95 online equity trades? great question. see, for a full service brokerage like ours, that's tough to do. schwab does it. next question. do you offer a satisfaction guarantee? a what now? a satisfaction guarantee. like schwab does. man: (scoffing) what are you teaching these kids? ask your broker if they offer award-winning full service and low costs, backed by a satisfaction guarantee. if you don't like their answer, ask again at schwab. >>> welcome back, everybody. let's talk abo

i was watching andrew ross talking this morning about davos, he's talking about it of something needinglate it mark marc is making the point of technology of good or bad but it is how it is used. it is used to make our lives better there is without a doubt, sympathy towards facebook. i come back to the fact that i am still not seeing in terms of wall street research of a dramatic drop off in advertisement s in facebook because of where consumers is. facebook is down trades with value stocks >> you don't necessarily expect there is that much downside? >> no. i do think when they guided down and david, you were spot on when you said look, this is a real, real story about cutting numbers. that's possible that they cut numbers to the point where they can make the numbers and therefore, the stock is cheap. just because the company is hated does not mean stocks have to go down amazon are so powerful, amazon is in your home. last year their theme is they're in your home and they know more about you. kb home, what are they talking about? google is going to be in our home pch home that's a kind

essentially saying america first and that's, you know, that's another kind of assault -- >> he did it at davosdid it with the paris climate agreement. we heard from nikki haley earlier who said it was a very strong speech but it's got to be interesting because that's not the face of america nikki haley's been presenting at the united nations. america under nikki haley at the, you know, has seem like a place a little less hostile to the international community and u.n. than what we just heard from the president. >> there's this strange phenomenon under trump where there's the foreign policy of the president and then there's the foreign policy of his team. and nikki haley has been walking this fine line of working within the u.n. and of distancing herself from trump at a fairly regular basis. many people think because she has political ambitions. mike pompeo at state has also had to distance himself from trump. jim mattis at defense has also had to distance himself from trump. it's a pattern. the president is seeing even within the white house as extreme. >> he's about to address the luncheon. l