imagine coal exports. you mentioned how dependent north korea is on the exports of coal. it is perplexing because china does not want to destabilize the korea peninsula and is not what korea to have a nuclear arsenal. it could do so much more. what can united states to? the united states do to get china to take the steps you could take to put the type of pressure that they will change their behavior in regards to their nuclear program? thank you, senator cardin. i first started working on north korea 25 years ago under the george h dubya bush. have a healthy appreciation of the challenges faced. china toating cooperate with us. the difference between 25 years ago and today is dramatic. the difference between ages ago and today is dramatic in terms of the extent to which china has cooperated with united states an effort to freeze rollbacks and eliminate the program. >> don't you agree that china could very easily put the type of pressure on north korea that would change the equation? >> we agree that a change in china's behavior is a prerequisite for getting a change in no

up on exports and the meat on the bones. money managers are betting on gains and declines in the oil prices. again, a lot of this is a larger and supply this is the informal meeting with the biotech members. tried to manage expectations. what you are looking at is the most since july. that there is more uncertainty coming. is's check out how this crudeg and there is the and thereup almost 2% is about a sense of barrow. mumbai is wise, moving.n and they are hong kong was closed and it is free much flat there. it was monday when it came to tokyo. look at the sunday we are seeing the fallback now. this is what we have been seeing here. let's do that. >> there is no terrorist connection to the 29 people injured in the blast in chelsea. earlier in new jersey. chinese's share -- bank is on track to become one the largest in the world. -- hong kong is australian equities started trading an hour late. there was an issue relating to a component and things eventually leftack to normal and it investors unable to trade in the united sta

you mentioned coal exports. how dependent north korea is on the export of coal. but this is perplexing, because china does not want to destabilize the korean peninsula and does not want north korea to have its nuclear arsenal that it has, and it's growing. and it could do so much more. it could. so what can the united states do? i ask both of you, what can the united states do to get china to take the steps it could take that will put the type of pressure on north korea that they will change their behavior in regards to their nuclear program? >> well, thank you, senator cardin. i first started working on north korea 25 years ago, under the george h.w. bush 41 administration, and have a healthy appreciation of the challenge that's faced of successive administrations in dealing with north korea. and motivating china to cooperate with us. the difference between 25 years ago and today is the difference between eight years ago and today, it's dramatic in the terms to which china has -- >> >> coal exports are up, right? >> china's changing its behavior towards north ko

malaysia is southeast asia's only net oil exporter. singapore joining in that buying party, up .4%.wan, a gain of .7%, taking that rallied from the u.s. and running with it. the kospi is higher by .1%. a slight dip in south korean consumer confidence, not impacting markets. the nikkei recouping what it lost yesterday, up by 1.3%. session, moreay's than half were trading without their dividend. the australian market is saying great gains, energy up over 10%. santos also leading gains. in new zealand, upside to .5%. this is moving into the energy sector of the australian energy market. it is the top performer, up by 4%. we are seeing a lot of these players take that rally in u.s. energy stocks. fact, all five moving higher today, so a strong rally in those key energy players. the oil rally has given a good news to commodity-based currency. forwards up byit .5%. the aussie dollar moving higher, 76.99. the kiwi with a bit of an upside as well. this oil-field rally helping markets today. angie: that's right. the one story moving markets in this asian session with opec members meeting and

we are the bulk of mexico's exports. aspectse many technical of the nafta deal in the south korean trade deal in many of the others that can be fixed. pretty easily without that much damage, but will help us. david: we got more details today on donald trump's tax plan. he's talking about going to three brackets. when you look at the possibility of that happening, acknowledging the fact that tax reform has an dead in the water in washington for many years now, you look at trump's favorability in the republican party, how can you assure us that when he gets into office, tax reform is finally going to happen? wilbur: his plan is quite similar to paul ryan's plan. unless the republicans somehow lose control of the house, which i don't think anybody foresees, that should not be a problem getting it through the house. as to the senate, assuming the republicans keep control of the senate, it will go through. the reason tax bills have not gone through is the democrats have had enough ability in the to not overcome a veto by pres

exports of oil and imports other your timing the united states is a net oil exporter on the order of several million barrels a day. so that's pretty broad range. we said that policy, u.s. policymakers when they are think about where u.s. policy be going over the next 15, 20 years, ought to a set of policies which are sufficiently robust that they make sense in either one of those two kinds of circumstances. because they may not know until we get relatively close today, which of those two circumstances comes back. and if you look here at some of these charts which show just how quickly the use and production ramped up, things could change that quickly again. and so we should have a set of policies which are robust enough to either of those situations the and by the way, into oil industry they say that you were for low oil prices is low oil prices. if the prices stay low long enough, -- been the prices overshoot and go high end of the prices stay high volume of the overinvest and prices come down. that's true but many of the people that we spoke to and many of the forecast look at thou

related to exports.- the expert numbers were still fairly weak it also the question of emi which is the on a desk question of pmi which is the unofficial pmi. real point of stress that we have seen in the chinese economy is in the manufacturing side. if that is still going down, weaker butexports investments in new factories. yet seen a lot of industrial companies saying new factories are not being built. people are not investing in new facilities. mark: large enterprises reported improved conditions even small and medium sizes -- small and medium-sized facilities dissipated. commodity prices of steel, coal, minerals -- metals are rising. you've got more production coming in their. you would be much healthier to growth.% that puts pressure on the expert markets because you are then given china exporting access. mark: where does this leave us when it comes to reforms? cutbacks in overcapacity and firms such as: steel. where does this leave us, a number like this today? miranda: it means we got the stabili

we still hold first place in gas exports.ernible] we are restructuring the situation in our domestic energy market. on the whole, it is in great shape due to arrangements with traditional partner countries. you are also going to talk to the deputy crown prince. would you still be in favor of a production freeze if the saudis want that? putin: as far as i am aware, mr. salmond is the deputy crown prince. salman is the deputy crown prince. we have struck up a great relationship. man who knows what he wants and knows how to achieve his goals. but at the same time, i think he is a very reliable partner with whom you can reach agreements, and can be certain those agreements will be honored. still, it was not the rejection of the idea of freezing out the level. it was our partners who at the last moment changed their to -- changed their view. but i want to repeat, our position has not changed. i will push forward our position again. this is thehat right decision for world energy, is the first thing. the second thing is that everyon

big exporter.hey say through tear of cut and remove result trade barriers, china has gone from a $2 billion year market to a $20 billion plus market. that sounds like a great situation. the backdrop to this is u.s. farmers have seen their incomes in commodities like wheat and corn. u.s. wheat prices hit a 10 year low in july. corn also in year a nine-year low. years inventories at a 16 high. also september 1. they're importing and exporting and selling wheat of what is the political risk ones we expect from china? >> you run retaliation. the ministry of commerce in china is expected to announce a decision this month are potential terrorists for imports of u.s. drives. basically an animal feed byproduct by production. the chinese thinks the u.s. is selling it at too low a price. they run the risk of angering china of course. the timing is perlis he says with most corn and wheat farmers trying to make ends meet. the u.s. has gone out and be rotated one of his best customers. coming up, a fast-paced c

i believe that we need to export more so i'll keep working for export agreements where we can sell more abroad and i believe that we must strengthen the family. we've got to strengthen the family. now, let me pose this question to america. if in the next 5 minutes a television announcer came on and said, there is a major international crisis -- there is a major threat to the world or in this country a major threat -- my question is, who, if you were appointed to name 1 of the 3 of us, who would you choose? who has the perseverance, the character, the integrity, the maturity, to get the job done? i hope i'm that person. thank you very, very much. ms. simpson: thank you, mr. president. and now a closing statement from mr. perot. mr. perot: if the american people want to do it and not talk about it, then they ought to -- you know, i'm one person they ought to consider. if they just want to keep slow dancing and talk about it and not do it, i'm not your man. i am results oriented. i am action oriented. i built my businesses getting things done in three months that my competitors took 18 mon

is in china's export cushioned by a weaker yuan?to a seven-month high. ♪ "on the move." -- seven-month high. ♪ you are welcome to countdown. i manus cranny. nejra: i am nejra cehic. . am looking at my terminal we looking unchanged on the euro stoxx 50. ftse 100 futures edging higher by .1%. dax futures unchanged. the same for cac 40. a little bit of a quiet day. looking at msci and that was pretty much unchanged. a quiet trade ahead of the ecb rate decision. manus: the chinese have intervened in terms of the price of money. -- thatt is up to 5.3 ratchets up to 5.3%. column that's been called. column. emerging markets drop for the first time in a week. new zealand dollar up for seventh day in a row. that is more of a rich -- of a reach for yields. the probability of a rate cut drops to 21% by the new zealand from the reserve bank of new zealand from 33%. 392.r korean won bank of korea meets tomorrow. they are expected to remain unchanged. the korean won is oversold. 1.7%, rocking today's inventory drop, 1.2 million barrels overnight

in the export of liquid hydrocarbons, we also hold the leading position.hold first place on gas exports. our internal production has slipped a little. this is due to an increase in hydropower output for electricity. gas from our stations has dropped somewhat. there is a restructuring of the situation in our domestic energy market. on the whole, guest from is in great shape. talked to the saudi deputy crown prince. would you still be in favor of a production freeze if the saudi's want that? aware, mr.s i'm salmon is the deputy crown prince. he's a very energetic figure and we have struck up a good relationship. this is a man who knows what he wants and knows how to achieve his goals. think the same time, i he's a very reliable partner with whom you can reach agreements and can be certain that those agreements will be honored. still, it was not who rejected the idea of freezing output levels. whoas our saudi partners decided to change their view. position repeat, our hasn't changed. if prince salman and i speak about this, i will put forward the proposition

so some concerns from that sector of the market. >> we've seen choppy trading with exporters. give us an update on what's happening with currency markets. >> exactly. the dollar/yen has been pretty volatile, hasn't it. so lately, right now 101.68-73. the pair continues to see some safe haven plays. investors concerned about the path of rates and kept their funds in what they consider the safety of the yen. now some of that's also based on the confusing signals from central bankers. both the fed and the bank of japan. as many gear up for both their policy meetings next week. that's going to be a big focus for global markets. turning to oil, a warning from the organization of petroleum exporting countries, opec, that excess supplies will continue into next year, sent prices lower. brent fell 2% after opec's monthly report. some of the indexes open right now across asia, seoul's kospi up 0.88%. sydney's s&p asx200 up almost 1%. seoul going to be a continued focus there on samsung shares which have plummeted following a warning on its flagship product, its smartphones. china marke

it's hampered exporters, of course. but also added further frustration for the bank of japan policymakers as they try to battle deflation and boost growth. ai? >> ramin, another factor that could affect the dollar, of course, is the course of the u.s. elections, as well as the much-awaited debates. get us an update on currency pairs. >> highly anticipate dad bate coming up right now. and of course the debate between donald trump and clinton has focused many on policies that they both may have for the u.s. economy. and of course global trade with the rest of the world. that's a big factor playing into it. currency markets are usually very early to signal overall market sentiment as we know. of course with the bond market as well. and of course in times of the uncertainty, many flock to what they consider safer assets, such as the yen. and another aspect the boj has to deal with is government bond yields. monday we had long-term bond yields falling deeper into the negative. now let's go to oil. we saw brent up we'll see h

jobs rely on exports to mexico. trump has slammed nafta on the campaign trail. >> the clinton campaign reacting dismissing any notion that trump can pivot or evolve. clinton's response by way of a tweet that was short and direct. quote, there is no other donald trump. this is it. before that, the former secretary of state mocked trump's trip to mexico in a tweet saying the following. trump just failed his first foreign test. diplomacy is not as easy as it looks. cnn's jeff zeleny has the latest for us as hillary clinton was in cincinnati. >> reporter: hillary clinton is taking a long labor day holiday weekend. they are watching and analyzing donald trump's trip to mexico on wednesday. she talked about it as she gave a speech in cincinnati. she said simply looking presidential doesn't mean you are ready to be one. >> people have to get to know they can count on you. that you won't say one thing one day and something totally different the next. and it certainly takes more than trying to make up for a year of insults a

exports were down 9.6%. a persistently strong yen has been hurting japanese exporters and the value of imports shrank 17.3% in yen terms from a year earlier. lower prices for crude oil and natural gas helped to shrink the total value of imports. so let's see what's happening with markets. as for wall street, u.s. stocks ended nearly flat overnight. that's ahead of key policy decisions by the bank of japan, as well as the federal reserve. later today the dow jones industrial average ended a touch higher. the nasdaq up by a tenth of a percent. in tokyo, we go to ramin mellegard at the stock exchange. high expectations, tell us what you're seeing over there. >> the central bank meetings always get a lot of attention, but especially so for the speculation for the boj that maybe it could make a move. compared to the more muted effect really for the federal reserve. but let's have a look at how the markets are opening here for wednesday, september 21st. bit of a mixed open there. we can see the topix going in and

market is by far the main factor in improvement in export.are not as bad as many had anticipated post brexit. vonnie: in the u.s. we are waiting for the payrolls report which is impacting the dollar index, down about 4/10 of 1%. the isn manufacturing in the u.s. did show contraction. withtories about in line reduction in contraction territory. it is a good sign. dollar-yen, when a 3.19. -- 103.19. the triennial report shows that the yen was responsible for a swath of trading of 6%. -- spot trading of 6%. 68quick check on gold, 1312. announce. crude oil and futures are below $43 a barrel. abigail doolittle is at the markets desk. abigail: we took a look at the laggards. let's take a look at some of the winners, starting with the gaming and casino stocks. these shares are nicely higher on the report that revenue came in 1.1% higher for the month of august. the first rise in 27 months, it has been immediate estimate -- the median estimate for declines. this could be sign of a turnaround. some investors have been betting on this. shares of wynn r

china and south korea, exports and imports rising.ipments rising, 2.6% on the year and august. ,mports and positive terrain 1/10 of 1% after two years of declines. analysts had expected to see decreases there. jack lew says the u.s. will urge its g-20 counterparts to tackle overcapacity when they meet in china. especially iny, steel, distorts markets and harms employment prospects. leadersident will ask to increase spending on retraining workers and china has yet to make tangible progress despite its call for change. news out of australia, retail sales adjusted unchanged month on month. business investment in the second quarter down by 5.4%, quarter on quarter. retail sales adjusted is unchanged month on month. that is what we have coming through. let's have a look at what is going on right now. the biggie at the top of the hour, we get the unofficial pmi for august after the official one half an hour ago. i think that austrian retail number was amiss. miss. flat sales coming through. we had seen a dip coming through the aussie on tha

exports to china remain weak. south korean manufacturers are facing fierce competition from their chinese rivals. global money markets have e stabililized but the hwan hahas remained strong while the yuan has weakened. this is making it tougher for south korean companies. >> and regarding gdp they expect moderate growth this year. >> translator: i believe the economy will expand 2.7% to 2.8% in 2016. the question is whether it will continue to pick up through next year. i think this will be difficult. both the south korean government and the central bank seem to believe that economic conditions will improve next year. but i think that view is too optimistic. >>> you can catch our report again online together with the full transcript. look for nhk world and "business wrap." >> that's a look at business news. i'm going to leave you with the markets. >>> eel is a popular dish in japan that many worry it might not be on the menu for much longer. wild japanese freshwater eels are now endangered. to boost stocks million

of 19 80,he middle the restriction of exports to 1940, the restriction of exports japan to the form ofpassed the export control act and increasing cut off of aviation gas lean and other strategic items followed for exports were curtailed the limit is responsible for our defense were willing to risk. it was a fearful responsibility. on one side was the probability that one day, these materials might be used against us. on the other side was the possibility of ability that to cut them off would provoke an attack which we were not prepared to resist. there and was1 turning her back upon every possibility of working in and was determined upon her great gamble of conquest all caps. 30, the: on april 9 19 nazi shifted into high gear and on a 1940, they go into harlem in belgium. marching theare marching army in history. numbers countless thousands of women and children. >> good evening. tonight clearly the first great a of work in the last one i dailyy army of the french suffered to retreat. some part of it will be evacuated. next mechanized forces are racing toward paris as french resistanc

that is a story out today the idea that it can export -- -- thatya can export libya can't export as much as it wanted, that may be a headwind to oil. explain how this has been impacting the oil market. >> more than one million point -- more than 1.5 million part today. since then there have been numerous attempts to reactivate results. the key is you have the control of the oil field. hence why we thought libya could come back to the market with extra oil. at the same time libya has difficulties coming back with this presumption. the oil minister today said the presumption has been around 1.8 million barrels per day. that is a significant increase, and that can complicate negotiations. 's we also have venezuela president coming up facing there might be some sort of agreement. it is in his interest to say that. venezuela is rapidly deteriorating. >> while it is true -- need to have some kind of unanimously. -- these agreements may mean very little for the supply. we have to go now, because hillary clinton is actually speaking at westchester airport. hillary clinton: i have spoken to the g

and used to be, in the 1970s, we were exporting 70% of the world's raisin. so we have that potential. we need to look at it, how we can get to that target we were producing back then. >> i want to come back to agriculture, but i know that we have some connections in common. you went to cal state, east bay, and you were there when a man named dr. "mo" qayoumi was the president of cal state, east bay. he went to san jose state, and now he is the [laughing] chief advisor to president ghani. so you are now working with the man who was the president of the college you attended. >> yeah, i didn't -- i never thought that would happen, but it's great. he's a great man. and now we work on a number of project together. >> what are some of those projects? >> mainly irrigation. >> irrigation -- california's going through a drought. i know afghanistan has had some terrible droughts. >> well, that's what brought me back here, learning from the experience of what california is going through. they have done a lot of research, universities out here -- uc davis. we have been

manages to export its way out of difficulties. combines suggests more weakness for sterling going ahead. anna: thank you very much for joining us. 6:56 a.m. in london. up next, and give japan a break. that is the view from joseph stiglitz. which way what the boj head? more stimulus to markets, take interest rates negative? further analysis of that. a busy week for central banks. although the results from those on wednesday. this is bloomberg. ♪ anna: the rate debate. with decisions from the boj and the fed looming, we look ahead to a huge week. the united nations general assembly prepares to meet. oil on the boil. opec might call an extraordinary meeting if a consensus is reached on strategy later this month. and angela merkel builds for support in regional elections. a great welcome to the program. this is "countdown." i'm anna edwards. asx has had problems with its technology and markets have closed their. let's bring up the+++ show us where we are likely to trade at the start of the european trading day. the euro stoxx 50 is up

maybe a lot of driverless vehicles will be export from here. this is what we get to do in the great city of san francisco when we collaborate and work together and fulfill old promises as we use new technology to do so. i want to say thank you to this investment by the pasha family and generations that are here. thank you for helping us revitalize the port. thank you for work wg city build. over 50 percent of the jobs that we will create, over 50 percent will be targets for residents of bayview. that a hew mungs promise that has been something that we have always wanted to do. they are getting the training for that to happens a well, training through the jobs programs that are right here. we want to say we don't want to train people to train people, we want them to get the real jobs that are the promise of this city. i'm happy to be here to enjoy the moment and make sure we do all the right things to acakeen our communities and while we do that i will continue building more affordable housing down here as well to increase that. the workforce we

hear, a worlrld-class astronomy project and a f farmingng indusy that exports food around the world producing 3.4 million sheep year. 7 million people rely on this desert for their daily existence. most of the area isxtremely dry with about 7-10 inches of rainin a year. despite a short summer rarastorm, all of the water comes from wells drilled into the ground and pumped up into the s surface pararking back ton oldeder, slowewer time. farmers, scientists, and to these are worried that without access to clean water like this, this vast area will be economically devastated. this is the name of the desert, but it is also the name of a shale deposit. this basin stretches almost across the country of south africa. look on as a curse for some and a blessing for others, lococked into the basin might be as much as 400 trillion fefeet of shale gagas, the fifth largest deposot in the worldld. since the moratorium on natural gas exploration was lifted in 2012, companies like royal dutch shell and others are lining up about south africa's door, waiting for the green light for what the momenent -- for wha

exports. u.s.nomic growth assuming the other countries don't retaliate and most important, what the fed has done with the zero interest rate policy is that you have had so much distortion in the market with investment in high risk products, reaching for yield. that is not going to go away. >> you don't need the fed to hike. the yield curve has flattened off a hundred basis points in the last year with only a 25 push on the short end. tom: it has been restrictive. let's go with that, bank of england coming up in 20 minutes. we are outside the esteemed palace. how about a day to check? -- data check? 17.44. oil has been soft. with the bank of england coming up, stay with us. ♪ francine: this is bloomberg surveillance. we are 17 minutes away from the boe. tom keene is in new york. let's get straight to the business flash. >> the ceo of german zemin says largest -- ny's their long-term outlook is crammed up by political issues. the omissions cheating scandal keeps weighing on volkswagen. the company st