state >> that was a zeb eckert would be secretary at the aff.e from the asian form as we discussed what is in store for this region's economies in 2014. the president of the asian development joins when "first up" returns. ♪ >> these are the top stories. the cold and stormy weather in the u.s. took a bite out of hiring last month with employers with the lowest payrolls in two years. no economist predicted a number so small. it was called a shocker. >> it is very surprising. it is somewhere between puzzling and worrisome. puzzling because it is such a strange number. the 74,000 jobs that were created. even if you add the revisions from last month, you are still at half of what consensus was. it is inconsistent with other data. it is a shocker. they expect to match 2013 sales growth in china this year. affinity sales jumped 54% to just over 17,000 units last year. the company aims to sell more than 100,000 cars in china within five years, saying it will be the biggest market by the end of the decade. the thai government has deployed thousands of s

quick zeb eckert live in hong kong. president barack obama will speak on proposals to limit national security agency surveillance. it is a long-awaited speech in response to the global uproar from edward snowden. what is the scope of this data collection? quick comedy texts on average do you send per day? >> four. -- >> how many texts do you send? 200,000, was financial transactions, border crossings. of the give you a scale all-encompassing surveillance, what we have here is a crisis of confidence. they need to make sure that they do not disengage. >> it matters to the economy. >> $20 billion of the the next three years. they need to get over the suggestion that they hacked into fiber optics at yahoo! and other companies. what is at play here is the and whether heta says the limiting of the surveillance and what goes on and whether they hold the data or create a third agency. they are concerned about getting lawsuits on the infringement of our privacy. there is an unwanted responsibility and the $60 creatingost and tra

joining us now to talk more about this phenom john eckert a biotechnology analyst at citi. john, this is a fascinating story. i want to get into it in the time we've got. i want to start by asking a dumb question. how can something like this happen? >> it's a really unique situation. so this trial that read out this week really was not expected to be positive at all. this setting of liver fibrosis is one that has had failures for years and years. so everybody was really just ignoring this opportunity. and this is just -- so the outcome was just shocking. and given that neglect of paying attention to this trial, people were neglecting the opportunity that is available here. this is a very very large market. we're talking the size of the lipid market or lipid-lowering like lipitor and crestor. tens of billions of dollars market. so it was just -- people were just not paying attention because of the lack of successes in the past. >> but as tyler just said, it has its only one product. this product isn't really a product yet. it still has to go through clinical trials. i'm gues

. >> my name is jared eckert and i'm from hillsdale college. i just wanted to know, you mentioned all this stuff going on, all the corruption so to speak. why hasn't the media exposed it or has it and what are the people doing to respond to this? you have written books on these and it's making people upset. angry and frustrated and reasonably so so why isn't the media covering it and if they were with the people be responsive enough to ensure that it wouldn't happen? >> that's a great question. there are some people that get the recovering aspects of this but i think there are a couple of things that are working against them. one is that you know there is very much a cultural mindset in d.c.. if you are in the media there are a couple of hurdles you have to get over. one of them is you are so much involved in the immediacy of what's going on in that day it's hard to step back sometimes into the larger forest and this is kind of a forest story. you need to be able to think through and look at all the different trees and branches and flesh it out

. >> i am zeb eckert. coming up, an exclusive chat. president of the euro group. we will update you on the europe. all of that and more on this addition of "asia edge." >> a good morning to all of you. a look at the markets. they are up high for the day. fairly mixed at this point. both what happened on the weekend and what is happening right now. the jobs numbers over in the u.s. on friday. that is pushing down the yields in the bond market and putting pressure which is driving up currencies across the region today. in commodities, exports. indonesia, taking effect on the weekend. there is more clarity. and jakarta, it is up over 2%. and you pointed out am a gold prices are up. that is pushing up gold among the region. and bangkok, opening up. we are watching very closely what is happening there. they are looking to shut down the capital. i will be back later with more details. back to you. >> the top story. the operation to shut down bangkok and topple the prime minister. we have live images from the capital. a man was actually shot overnight. the protesters. it

i am zeb eckert. with this selloff taking place, our next guest is looking at investor sentiment.resident and ceo here in asia. talking here about what is going on in china, a lot of people who sit where you are at the moment will say, invest in health care, the internet and insurance. and indeed retirement savings plans. that is what people are going to need. we don't see any evidence of that happening. >> i think today is going to be a bad day. it may be a bad week as well. i guess our view is that later this week the fed will probably confirm what it has been saying for months, that tapering is going to be gradual. if tapering is gradual, i don't -- >> that is not what is happening today though is it? volatility,een short periods of volatility for the last few months. if we look back a month from now, that is what today is going to look like. >> we have a lot of pessimism. use optimism towards the end of last year. cannot survive? >> i think it will. we saw optimism into key areas. japan and equities. japan has been with us for the full year. i think caused by a variety of thin

let's get to the latest markets now with zeb eckert. >> this is what we see across the asia-pacific rightnow. more markets heading into positive territory after the chinese gdp numbers generally exceeded estimates today. you see south korea advancing. taiwan, the philippines, jakarta and bangkok now online. index gaining 7%. let's take a quick check at the time markets. -- at the thai markets. these are consistently the biggest movers and that's because they're the most heavily weighted stocks and bangkok. we know the chinese gdp numbers for last year. the housing data. let's check in on the asian market of shanghai. .4%.arket is lower by can you are seeing some of the sports stocks. materialnerally seeing shares doing well today. that is because of exposure to china. those resource talks expectation that china will continue to power forward. in the sydney market, it is the minors that are all advancing. silver lake, resolute mushing -- resolute mining, and evolution mining up today. >> what is moving today in tokyo? >> we have seen the nikkei 225 moving lower. let's take a look at the ke

let's get the latest on the markets now with zeb eckert. >> it is a grim day in the markets across the, following those declines on wall street and in the european session. it is emerging markets that have investors worried. it concerns about the health of these markets and a time of tapering from the federal reserve. certainly, overall questions about the general health of their own economies. it started in argentina. it?you believe the devaluing of the peso last week. then some lukewarm manufacturing numbers out of china, and it filtered through to the markets across the world with emerging-market currencies first feeling the pain. we are generally seen emerging markets across the asia-pacific today declining, as well. in fact, volatility in this space has jumped significantly. emerging-market volatility is, it,vix index as we know surging. singapore and thailand, following today. look at what is happening in asia.ast the hang seng, lower by 2%. shanghai is down. the nikkei 225 is seeing a 2.5% drop. >> what is happening in japan after the lunch break? we saw some big selloffs there.

. >> my name is jared eckert and i'm from hillsdale college.i just wanted to know, you mentioned all this stuff going

. >> i am zeb eckert. coming up, an exclusive chat. president of the euro group.we will update you on the europe. all of that and more on this addition of "asia edge." >> a good morning to all of you. a look at the markets. they are up high for the day. fairly mixed at this point. both what happened on the weekend and what is happening right now. the jobs numbers over in the u.s. on friday. that is pushing down the yields in the bond market and putting pressure which is driving up currencies across the

policy from harvard three law degrees from the hastings college of law where he was the article said eckert -- editor and also from columbia university school of law where he was editor of the american review to international arbitration specializing in economics from the school of law. articles have appeared at george mason and elsewhere in most recently the huffington post has held a series of his commentaries on the federal appointment process he has served as the official clerk with judge she and also as a picture for the u.s. court of appeals judge and the 11th circuit through the ninth circuit. and the intern to on enforcement issues that the sec regional offices is a most angeles. again we will have each speaker speak about 80 minutes than respond five minutes each did we will begin with professor nicholas rosenkranz. please give them a warm welcome. [inaudible [applause] >>. >> i am happy to be here. i will spend one minute or two to put the issue in context before getting to the arguments. roger davies the text of the recess appointments clause i think i should give you the text of

zeb eckert joins us now with the details, and really the implications for thailand as we watch these. >> this violent turn they seem to have taken is what both sides have warned about. question is, who is responsible? there was a bloody weekend in bangkok. one killed since friday afternoon, according to the emergency medical services stop -- services. grenadelows friday's attack in the heart of the city near the university tom at the most respected university in thailand. we are talking about the area around the main shopping district, where most of the five-star tourist hotels are. to see these attacks is certainly worrisome not only for the people who fell victim to them, for tourists who may be traveling to the thai capital. it also adds to this economic uncertainty. the default risk is soaring in thailand. pulled $4 billion. money managers are charging more for credit default swaps. the market is reacting. those on the ground are worried about the situation. the police today are pledging to step up security. they are tightening security in bangkok and in the southern provinces. >