kind of a little more of the global economy superbikes news it's not possible to say that global economy is absolutely beautiful or protectionism it's a kind of evil because it is mitigated fight brewing over there is there's there's issues i mean you know like the trumpet ministration is weaponized the dollar ok i mean that affects everybody in the world the next global trade significantly you can talk about globalization in that sense him and i suppose the entire world will become is always connected but when you have one or 2 countries that can call the shots that can change the oil prices in a heartbeat not based on it and the economic rationality but because of a political decision take issue a little bit with this idea that train you know the slowdown in global trade growth is inherently a bad thing might just be a quite a natural phenomenon the trade doesn't grow forever faster than incomes and i think a large part of the reason why trade growth is slowing is because china is becoming more developed so instead of export all of its output there are certain there's a growing domesti

today sort of globalization and now is a re read a generalization it is globalization and the back of the projects in ism i am not sure we have to involve more went to court but should be done to surpass the countries with these exactly today's emerging countries sometimes eggrolls is our more powerful is that the that in europe you know and then that would desist notion of greeks you know where russia is emerging countries is a joke saw these economies view is a little out they did no global institution us to be modernized to welcome the newcomers and to give everybody has a right to grow it easy global world if not just protectionism these projects an ism now pushed by our friend from united states is very negative and if we don't move at the same time zone rules of the game we are big problem like you say it's always before big conflicts into context you seizes sanctions we have to stop dissension because now we are sanction you know russia. against russia from united states and europe now we are here and you have jumped on you know in this context of sanction to everybody where do

globalization model which was put forth the end of the 20th century is. going to be just less and less relevant to the emerging new economic reality over the last 3 decades the share of developed countries and the global g.d.p. in p.p.p. is decreased from 58 percent to 40 percent now in particular the share of the g 7 dropped from 46 to 30 percent on the contrary the share of developing countries emerging markets is growing such an advent of new economists that have their own interests and. development classes. to what's globalisation and regional integration process. not that well with the conceptions that until recently. seemed unwavering the road. to simple as they were in put the western countries into an exceptional condition they gave them an advantage as well as a great brand of sort of prefiguring their leadership whereas all the other countries only had to follow in their way. of course. was to go to a lot was happening to retain of all this talk about equality but i'm going to talk about that he will lead on this one this trip comfortable with t

global growth. the impact on business investment decision and hiring as well as the volatility in the financial market so we we in hong kong obviously being found guilty oh we will pay for fee trade multilateralism based so that there is a division of labor and it would supply chain being built up over the world so that we can leverage our respective strength and shared a foot of success isn't really that one of the biggest problems in it's highly contentious because it's a political issues and ever since the end of the 2nd world war socially to to now it's the united states of the washington consensus it's called it's made the rules it's not a clickable it and rules don't work for their advantage and now we have a changing economic global system in the rules hold some people back in from 0 to others it picks winners and i think this is the thing it's speech it's going to be a very contin a shift political debate because the rules favor some at the expense of others david you know sure i do agree wi

luke: what is difficult right now as you look at global activity, there does seem to be a lot of global excess capacity still, and yet the main release china,in the u.s. and in you do see this continued and, in this case, new divergence sections of the economy are this is targeted, and the rest of the economy. that is reelected in chinese imports, which are down year-over-year, and south korean exports, which are still deeply negative year-over-year. where does the global demand pickup story if not from one of these two places? alix: it is sort of a similar story to the u.s., where we get retail sales today. rachel: last week we had that very negative jobs data print that surprised an awful lot of traders. that's exactly how bad it was. will bemething people looking at to try to get a sense that maybe things are not quite as negative as that showed. at the same time, if you are looking at the fed, does it cut, does it not, does it stay -- stay peaceful art patient, people are looking at that. stocks are at a five-week high ofthe moment, which is kind interesting given what is going on.

more rich and more satisfied from of the go the globalization solves all for england long them. there is an awful finland which is absolutely dissatisfied the last 20 years. on the political system in the us it's the same story the senate story so maybe this is an even bigger problem sure and i don't rule political consequences so for. windows and losers inside the countries i just want to say that in the past 30 years up until recently their global economy has been living a dream and many new developing countries were integrated into the system they learned to enjoy the fruits of the system of the architecture of financial trade legal that was actually created by the western world and now that their roles in their economic power and they basically compete for the same share of the buy with those who created this architecture and. and this is a more. this is a. conflict because the paradigm that was created during those 30 years is based upon the supply chain system so. they used the local markets in the developing world they use their labor costs lower labor costs they shifted

global. your own lives is exactly for the victim live as i believe in the love. we break into risking it all now to take you to osaka in japan where the g 20 host japan's prime minister shinzo arbor is speaking as the summit comes to a close that's listening to what he say japan's 1st 1st time being the whole presidency. well what can unite and i believed and in that belief i pray play the role of the chair however we cannot find. the majors in a very quick way however we have managed to disseminate to mrs g.'s from the leaders. the measures that can bring win win situation to every country and in order to make possible sustainable development. those were the goes of our discussions now trade tensions are continuing. and there is a risk. and that we have to keep those risks and tensions in mind a still we have to we have united in agreeing that we have to unite in order to lead the world world economy there are some. this this satisfaction bidding countries. so. although there are concerns what we have to do is to establish principles in order to lead the world e

globalization period that we had is that they'll be a new globalization period there will be a networkdriven i predict that america will become a subscription service like netflix you all subscribe to america and they have to offer you a value proposition to keep your subscription alive. minutes into the program welcome back the italian government's hard line immigration policies are in the spotlight once again authorities on the tongue island of lampedusa close to. block to rescue ship with dozens of migrants on board from docking the captain claims it has done nothing to help the. but let's. give it a. decent middle of my leave here be done but because. i did lose. the charity organization which owns the ship. being caught up in a political game room itself has reiterated that the migrants are attempting to enter the country illegally with more on the story here shorty's policy. for migration is again splitting europe and becoming the new taste for it to these hard line migration policies roman says it will not take these migrants in and it has to see the netherlands to become involv

in the global swaps market was a global pool of trading liquidity.e concerns is as a result of the reforms, whether it be through staggered implementation or different implementation by regulators and worldtory around the which were taking this global pool of trading liquidity and breaking up into smaller pools of regional or national liquidity that themselves become a potential source of stress -- systemic risk because in a crisis, individual pools of liquidity are shallower and more inordinate to two reactions to market dynamics. the knowledge i use is if you pebble into a shallow pond, it is bigger than if you throw a pebble into an ocean. an oceannotion and -- and now we have ever smaller puddles of liquidity. nejra: with the swaps framework 2.0 that you implemented, you are coming toward the end of your tenure, so what do you hope to see to avoid these implications you are referring to? christopher: last october, i released an extensive white paper pledging my agency to return to an approach of deference to competent local regulators in their im

displacement told the global local art. 3000. takes a person away. with a little blunder few months to make the game so special. for all true for. the become more than a foot long line. so if you have to get through the bundesliga break without a football thanks again. the ones who cut costs least 6. emotion not suck up. to 29000 lives. the goalposts the results on d.w.p. . costs. this is state of the news africa coming up in the next 15 minutes the place where there's no space for criticism human rights watch says that taste is one from one woman who says she's made a big sacrifices to deepen the political debate in the country and will keep doing so. and an unprecedented role see it in south africa a community living.

burglar global tourist guide flamini. i love for lent the full scope of the multicultural metropolis during my experience the band. sounds like a person to me i love the show it was a system looks like such a swiss like me the site says the 50 missions 50 story. and 50 very personal tips on berlin's very best souvenir. kong t.w. . do you know that 77 percent. are younger than 6 o'clock cuts me and me and you. and you know what time of voices. of the 77 percent. of you cut. the 77 percent this weekend on d w. closely. carefully. to suit the game is going to be a good. match for the 1st saw. discovered. subscribe to the documentary. hello and welcome harry potter fans are glued to their smartphones dodging demented hippogriffs as a new game is arrived more in a minute also coming up. we'll be looking back at the love parade with the 2 people who started it. and how a bride gets ready for a big day in finland in our series on european wedding customs. bots we begin with a brand new harry potter game from the same company tha

and global politics is no exception. at the discussion in the media, the academy and in official washington seems to proceed as if foreign-policy were far off in its impact. one former official recently acknowledged when the national security teams sat around the situation room table we rarely opposed the question what will this mean for the middle class. in my white house we will because our purposes abroad are rooted in our aspirations at home. [applause] >> our innovators are empowered to compete in the global marketplace only if our leaders are relentless in insuring intellectual property is protected. our workers are empowered to secure their fair share of global economic growth only if workers abroad cannot be stripped of labor rights and forced to produce unfair wages that undercut american workers. [applause] >> muslim friends and neighbors are empowered to work and live and contribute to communities only if their government honors them. [applause] >> decision is made in the white house situation room do reverber

global advisors in washington, thank you.e will have more ahead on the hong kong protests and before that we will speak to guests across the day with a range of views on the extradition bill. let's get to first word news with su keenan. su: we start with the trump administration which is playing down the prospect of a trade breakthrough at the g20 in japan. wilbur ross told the wall street inrnal the most he expects osaka is an agreement to talk about talks. the white house is keen that president trump meet xi jinping, but there has been no official response from beijing. in india, they are raising tariffs on a range of u.s. imports in response to earlier measures imposed by washington. it is mainly agricultural products. this follows president trump's t ariffs on india. there is deepening defense and energy ties. iran is expected to further retreat from its obligations under the 2015 nuclear deal monday amid rising tensions of -- across the mideast. they already increased the rate of enriching low-grade uranium but not beyon

we are global, we need to be even more global. francine: talk to me about your blend. from several origins? consumer taste does not change. it is focusing more on that best you can get. more educated palate. and we contribute to educate the pallet with our coffee, which is been created 20 years ago. we celebrate 20 years this year. francine: will people pay for it? rea: this is embedded in our business model. this is part of the package. consumers do pay, unless there are promotional events, and in growers it is embedded, if they want to transfer them the knowledge to better produce our quality. francine: we are not doing any promotional advertising, but when will you change the blend? single origin are the main ingredients of our blends. they would be instruments of let's say an orchestra, so in order to distinguish the characteristic of each and every ingredient, we also offer that our abaca selection, -- an arabica selection. but the preferred one is always a blend. we are surprised because we offer to some very sophisticated chefs the possibility to make a variatio

news is up next friday after this quick look at global stock. being . done in the book you are now going to keep warm. blanket no commitment to. exposing injustice global news that matters to me for mines. i am not. 15 years since the minding. she was the 1st man to walk on the moon. as a small boy she dreamed of the stars. as a pilot she flew anything no matter how to interest. a church or go to the mall. as an astronaut she took part in the greatest adventure in history. a legend. simply a human being. was neil armstrong. was his destiny starts july 20th on t.w. . frank food. international gateway to the best connection self road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and trialling services. be our guest at frankfurt airport city managed by from a bought. this is you know we use life for berlin germany france on the america welcomes her ukrainian counterparts and berlet wanted to discuss efforts to bring peace to eastern ukraine including a possible extension of

there will be a period of de globalization i believe that's the morning for globalization then there will inevitably be another period of globalization whether a look like the past 40 years 50 years of globalization is yet to be seen yet not when i see that often i think of a giant ice cream sandwich. now you got me thinking about that you know that awesome yeah no morning versus morning in america versus morning at the cemetery you know take your pick the globalization period that we had is that all over they'll be a new globalization period it will be network driven i predict that america will become a subscription service like netflix you will subscribe to america and they have to offer you a value proposition to keep your subscription alive and they should we should be able to figure this out i think i would happily pay a monthly subscription fee if i got access to america the enterprise and they could pay the occasional didn't like andrew young is suggesting if $1000.00 a month that's a dividend from my subscription to america that's fine there's no coercion involved as the cour

morgan stanley flashes their global demand. -- slashes their global demand. nejra: seven days of steepening. the question for the bond market, if we get the fed capitulating to the markets, cut orat be an assurance something more sinister around the risk of global recession? on s&p futures. we look ahead to the ecb. what will mario draghi give a market that is pricing rate cuts? let's check on the markets in asia. juliette saly has more. we are indeed speaking of markets expect great cuts, we are expecting one from the r.b.i.. you can see india down 0.5 percent. markets out of action for eid, south korea also closed, but japan's market looking ok along with a smaller yen. there has been fluctuation in hong kong and china markets today, but tech stocks under pressure. that is weighing on the shenzhen , setting the csi 300 lower and you can see the taiex, one of the worst performers today. thesee seen a lot of telco stocks in china in focus. china telecom confirming it actually has been granted a 5g operation permit from the government. coming out of the lunch

the had ofording to global fixed income.t is a sharp turnaround from a bullish position from a week ago. credit spreads are rallying again. >> i think credit will continue to do well because earnings are still looking pretty good. you're still having the flow through of the fiscal stimulus through corporate earnings. i want to start selling corporate rallies. the first freely elected president of egypt has died suddenly. egyptian state media says he suffered a heart attack and collapsed while attending a court hearing. he was elected president in 2012 but was toppled later. he has languished in prison since 2013. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. nerjjra? nejra: coming up on bloomberg, we ring you live coverage of mario draghi's keynote speech at 9:00 a.m. london time. when you are traveling to work, tune into bloomberg radio. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. let us get the bloo

janet henry, hsbc global chief economist.am in hong kong for the latest word news. >> italian prime minister giuseppe conti has threatened to hisgn if the partners in populist coalition don't stop squabbling. he is demanding they get to work on the policies to help the country. the former law professor has acted as a mediator. his two deputy premiers argue on everything, from taxes and immigration, to infrastructure projects. german chancellor angela merkel some breathing space to her bout government by agreeing to remain on board despite the resignation of its chief. leaves the coalition, it would force the government of merkel to govern alone and seek new allies or call a snap election. starting to control the internet ahead of the 30th anniversary of the crackdown on tournament square. we checked and weibo have been blocked from changing profiles. mikesecretary of state pompeo says china continues to abuse human rights whenever it serves its interests. global news, 24 hours a day, on air and at tic-toc on twitter, powered

because companies are uniting to create a global. village. not only animals. to. the lion's share of the conservation. this is d.w. news africa coming up in the next 15 minutes the place where there is no space for criticism human rights watch says that place is rwanda we'll hear from one woman who says she's made big sacrifices to deepen the political debate in the country and will keep doing so. and then president and also in south africa a community living in the midst of cold tawa stations is suing the government for violating people's rights to a healthy environment more on day case coming up.

global leadership coalition state leaders summit, also at the summit former personal officials, talked about how the u.s. can address issues like climate change and global pandemics. >> well, good afternoon, everyone and thank you for having me here today. i would like to thank the u.s. leadership global coalition for welcoming me and convening this important gathering about how the united states can and does lead in health care around the world. this is not necessarily the kind of stage i expected to be on when i was a young washington lawyer two decades ago before my first job at hhs, many of you may never have expected for me to attend gatherings like this either, but we are united here by the shared recognition that american leadership on the world stage is indispensable to american prosperity and peace at home. when i was first asked to serve at hhs in 2011 as general council i didn't imagine that foreign policy would become significance important of my work of domestic department. but i was confirmed in august of 2001, one month before 9/11 when everything changed. the day of 9/1

has done a great thing through the global health security agenda. i talked about the last outbreak which was in the spring to early summer of 2018. well, that was in the western drc. and the democratic republic of the congo themselves identified the outbreak. they did the diagnosis. they reported it in. they ran the front line response. that's actually historic change. that is a historic development to have a country like the drc with all that it's been through have that level of public health infrastructure and education, and that's thanks to the united states, where that was. we're going to keep doing that. while i can't send people from the cdc directly into some of the most immediate areas, we can do a lot of training. we can do support of drc. we can help with the world health organization. we are fully engaged right up to the limit of putting our people in harms way beyond what's appropriate. >> thank you for what you are doing. let me pick up on something else. a year ago on this stage, we talked about it. i led a conversation with a group of

global food production is waste and it's training. with new food sources. with a very.innovative production techniques. before i would never in a restaurant after this is great earthrise feeding the 1000000000. business updates brought to you by qatar airways going places together. business updates brought to you by qatar airways going places together. this is al-jazeera. paramilitary forces gather in strength in sudan's capital a day after dozens of protesters are killed in a crackdown. people say here it is much easier to find weapons than finding medicine the cruel irony of syria's.

we see that capital has been global.nging slightly is the fundamentals are improving. growth is ok. we are not in recession. fine and's of of these emerging markets, there are differences between a lot of the different nations, even companies you can invest in. we are comfortable to see some capital flows. they will return to the scene and will encourage more flow. e.m. will benefit from it. spacexyou're watching setting ready for its mission, probably the most difficult ever. it is called the falcon heavy rocket. that will go into space. we will wait to see where the launch brings. let's bring it back to equity markets. we are -- what level does the dollar play? the dollar, some are proffering is dead.king dollar five or six days in a row. how does the dollar play into your equity strategy if at all? does make a difference for global allocation and allocation of the u.s. equity market. s&p 500 or 0% the correlated. this is not making a profound influence on the equity market. and to thength -- equity market relative to

that this is a global issue and a global threat. to the extent that we as international actors play a part of that, i would think it's about us working with our allies as well. in getting prepared for these threats. >> states working together to find solutions has been one of the reasons water conflicts haven't caused wars. they have led to actual engagement between countries that wouldn't naturally engage with each other. >> the other question i had, i wanted to dig a little deeper on this geo engineering. if you could tell us more about how does one engineer weather? the effects that could have as a global threat. >> just to make certain. we're really not talking about changing the weather. we're talking about changes the claim. the long term average of weather over a long period of time. one technique that has been discussed is taking jumbo jets that are filled with sulfur die oxide, to inject that into the stratosphere. which is the layer of the atmosphere above which we live. with the intended effect of reducing the incident, s

model of old is news is leaving early and globally disastrous. and whilst management problem that is good teacher leigh i just push on at me affecting the asia pacific region so when you talk about this being a global issue and having a global and pact is there any i mean i don't know the g 20 s. or some global organization that is willing to address this that has shown any interest in addressing this to have some sort of agreement some sort of accountability for these things the g 20 is more political mechanism it's not legally binding whereas international conventions like stockholm and by those who conventions are legally binding just recently we've seen the convention address the issue all the trans boundary shipment we've read recently. that you raised strain in 80 in exportable of contaminated waste in countries like philippines indonesia and malaysia and it's not as if the gluten countries haven't known that the sense i mean based certainly from what has been plenty of warning so jane when it comes to these they single use plaques plastics

shery: global central banks say there -- >> global central banks say they are monitoring the economyl react as necessary. outlook for the u.s. remains solid betting knowledge that risks are rising and there are expectations that rates will come down. he stopped short of endorsing a cut but reinforced openness and flexibility. >> in the pre-2008 era, inflation was a major concern for the public and central banks alike. while i will always be vigilant about inflation that gets too high, it is inflation that is too low that is a more pressing problem today. >> as the euro outperformed most major peers after the expressed optimism in the economy and said it would act to support growth. mario draghi extended the bank's pledges to keep in -- to keep rates at record lows while exploring how to offer banks more cheap cash. the euro touched its highest level against the dollar since mid april. the reserve bank of india cut its rate and indicated more to come as policymakers try to boost a slowing economy. the r.b.i. momentum has weakened significantly as it lowered the purchase rate by 25 bas

but globally.hen we look at what is happening with global pmi's, as your previous speaker alluded to, they are not looking good. surely, the bond market is -- looking at more negative sentiment. has it overshot? that is tough to call because at this rate, it is possible. looks like it is more likely that the fed's rate move will be a cut and not a hike. this is difficult ascertain. it will be driven by whether we will see first the contraction in the u.s. being worse than expected, or are we actually going to see inflation coming through? mexicanof the incoming tariffs as well as the chinese tariffs? when we talk about the cuts that might be necessary, i think they are hinting at insurance cuts. if we cut now, we buy ourselves some time because if we wait until 2020, the fed may actually be between a rock and a hard place. we might be in a place where the economy is slowing and we see signs of inflation, where it would be much harder for the fed to actually move rates down. shery: i want to get to

economy and hurt its global competitiveness. the proposed tariffs would affect nearly all major apple products including the iphone. joining us to discuss is sarah mcgregor. this is the first time apple specifically mentioned the iphone in a plea to the united states government. are they asking for special treatment? >> you are right, this is the first time they mentioned the iphone and it is so critical because the phone, two thirds of apple sales in the baseline and the rest of their sales because people get the other products because they get the iphone. are they asking for special treatment? sort of. they are the most significant phone maker out of the u.s., pretty much the only company in this unique position of being such a global conglomerate that has such a strong hold on this market while also being an american company that produces pretty much everything in china. in a way they are asking for special treatment but if this pass was granted to other phone makers, they would not be too upset. emily: we know that tim cook,

investment annually and that's between 7 to 10 percent of the global g.d.p. . a year ago at the displays christine lagarde say that we are seeing storms in the forecast and she warns against the level and the burden of national and corporate debt financial fragility which will result in significant capital outflows from emerging and low income countries and the determination of some to rock the system that has presided over the trade relationship. 60 percent of global g.d.p. is created in the private sector so we cannot no more rely on public climbing only and make for a cost on financial fragility. i see public figures here sitting next to business leaders so let's talk on how to combine public and private the resources in a meaningful way the good news is that many businesses are willing to help out. but the bad news is only 17 percent of the businesses have actually introduced any relevant plans or policies to materialize this support so clearly we really need to make some effort here. sustainability requires a framework for business planning and decision ma

corporate model of old is news is leaving early and globally disastrous. and waste management problem that is particularly pushing at me affecting the asia pacific region so when you talk about this being a global issue and having a global end pact is there any i mean i don't know the g 20 s. or some global organization that is willing to address this that has shown any interest in addressing this to have some sort of agreement some sort of accountability for these things it is more political mechanism it's not legally binding whereas international conventions like stockholm and by those who conventions are legally binding just recently we've seen the convention address the issue all the trans boundary shipment we've all weighed recently the. strain in china a.t.m. exportable contaminated waste in countries like philippines indonesia and malaysia and it's not as if the gluten countries haven't known that the sense i mean based certainly from what you and it's been plenty of warning so jane when it comes to these they single use plats plastics there are som

that received they receive a lot of global health assistance from the united states governments and what we see are health services being reduced women losing access to sexual and reproductive health information and services including contraception. treatment for hiv. tuberculosis and other services so it's not only about limiting access to abortion to safe abortion it's actually damaging the provision of health services for women and as a result women are already dying as a result of the global gag rule dramatic findings there francoise but i want to show you this tweet we got jamie she says i would encourage the official name of the policy in protecting life and global health assistance calling this the global gag rule is a talking point of international planned parenthood and marie stopes and is not unbiased reporting she's talking to us at the stream there and she goes on to say other countries don't want the us forcing abortion policies on them talked to us about that view that giving money from the united states to fund organizations that deal with women's health and women's h

globalization is not going away. so we must insist on policies that ensure working families into cities like mine can play a more appealing role in the story of globalization than victim. we do that by reaffirming tradition by tapping the cultural richness of the immigrant families and by the potential of the global markets. the colleges and universities like this one which teaches more languages than any other. [applause] to thrive in the coming decades we must bring the conversation of watching them and into the rest of the country and bring the rest of the country into the washington foreign policy conversation. with the rhythm of hurry up and wait, i spent much more time reading and reflecting than i usually do at home. i thought about how they start and end and sometimes they don't even do nobody attacked this country on 9/11 because that's what the partners and allies do. i thought about the diplomat and workers painstakingly brokering. the trade representative in geneva and whether a community like ours. split

so look at the yellow bar under global equity. it tells me that the beta of our global equity portfolio is close to one, a little bit more than one. what does it mean? if you look up to the right, you'll see percent profit and loss, stand alone, you get the yellow bar for global equity. it says the stand alone global equity portfolio can lose -- predicted to lose more than 40%, 41% under this stress test. so the global equity market is down 40%. our public equity portfolio can lose a little bit more. so as a result, we have a little bit more of a beta than one. cash is interesting because we run the cash overlay. it is saying that the cash will go down at about -- beta is 58% or something. i'm looking at orange. it stands to lose 22%. >> what this is also saying, these two charts on the far right is the two asset classes that contribute the best in stress environments, or three, are fix th fixed income, but the returns are going to be super low, and the other two are absolute return and private credit. they resist down markets the

then 5 times global g.d.p. this is. the beginning of lehman 2 point. 0 trump isn't ruling out an airstrike against a wrong following a u.s. drone being shot down in the strait of hormuz further escalation comes as europe makes a last ditch effort to say can you deal. you can't government spends new on the south to saudi arabia the court of appeals ruled the previous exports nor the case represents a significant victory for peace activists who say that reality is using british made weapons to devastating effect to me and. rubber bullets water callen and take gas they used to zante government protests erupted georgian capital tbilisi. on your farm has your next news bulletin in an hour's time but 1st germany's deutsche bank is in deep trouble that's coming straight away and today's. oh i there guys a report here i guess while we were writing. i don't know if you're taking notes about this stuff but there seems to be a divergence between what you hear on the mainstream media c m b c c n b c and what we say on this show one

also, restricting the global supply chain in technology. that is an indirect reference to the huawei situation. it will be interesting to hear over the next 24 hours as they meet face-to-face in osaka. taylor: still ahead, the fed under pressure from inside and out. st. louis fed president james bullard explains exclusively why he voted for a rate cut this month. >> if you think the conditions are right today, go today. that's one of the reasons i dissented. taylor: and hsbc's ceo says trade is just the first battleground in a global political struggle. and malaysia's president wants more cash from goldman sachs to settle the 1mdb affair. up next, more of this week's top business headlines. turkish president demanded a do elections, theal and the move clearly backfired. >> it is a significant point in a 16 year rule for the man, to have lost the city. taylor: this is bloomberg. ♪ taylor: this is "bloomberg best." i am taylor riggs. let's continue our global tour of the week's top business news with the u.s. government putting more pressure

phenomenon involving players in that works throughout global north and global south, which means the scope of our response must be global as well. money laundering campaign established on the basis nearly all of our investigations across a wide range of sectors, the role that the global financial system played in facilitating those cases was quite evident. our work is really focused on three pillars of inquiry. one looking at the role of financial institutions themselves play in enabling this kind of activity wittingly or unwittingly, role of international mediaries doing the same. and others that facilitate movement of suspicious proceeds with ease, speed and secrecy. i will assume that a number of folks here have already heard from our colleagues about the importance of dealing with anonymous companies and not explain that but i should say simply we're not alone in considering this a problem and nearly all of our cases legal entities whose ownership hidden have played a role in our cases, born out in the larger world. i'd be happy to speak more to that if people would like more dat

this is a global issue in the global threat to the extent that we as international actors play a partf that it's about us working with her allies as well to be prepared for these threat threats. >> and to find solutions is why water conflict has not caused wars but actually have led to actual engagement between countries so they are possibilities for that as well. >> so to dig deeper on this geo- engineering so talk about that engineering whether and how that is a global threat. >> so just to make certain and over a long period of time. 's the one technique that has been discussed that is taking jumbo jets like sulfur dioxide which is coolant of radiation and injecting that into the stratosphere above the troposphere where we live. with the intended effect to reduce the radiation. that is the theory. they are some computer models that are trying to assess this. >> i know this is theoretical but it can be practical how we try to prepare ourselves against advanced technologies. >> the intelligence community is trying to understand that global development geo- engineering with those risk

issue and having a global n. pact is there any i mean i don't know the g 20 s. or some global organization that is willing to address this that has shown any interest in addressing this to have some sort of agreement some sort of accountability for these things it is more political mechanism it's not legally binding whereas international conventions like stockholm and by those who conventions are legally binding just recently we've seen the convention address the issue all the trans boundary shipment we've read recently the. strain in 80 in exportable of contaminated waste in countries like philippines indonesia and malaysia and it's not as if the gluten countries haven't known that distance i mean based certainly from what has been plenty of warning so jane when it comes to these they single use plax plastics there are some companies that are making an effort to do away with them but a lot of the larger companies just have not been able to replace plastic with bio plastics and some point does it just come down t

also restricting the global supply chain and technology. an indirect reference to the hauwei situation. be interesting to hear in osaka. ahead, the fed under pressure from inside and out. james bullard explains exclusively why he floated for a rate cut this month. >> if you think the conditions are right today, the today. ceo says trade is just the first battleground in a global political struggle. .alaysia's president up next, more of this week's top business headlines. turkish president demanded a do over in a local election. the move clearly backfired. >> it is a significant point in to6 year rule for the man, have lost the city. taylor: this is bloomberg. ♪ taylor: this is bloomberg best. let's continue our global tour of the week's top business news with the u.s. government putting more pressure on chinese technology companies. last month, u.s. firms were barred from doing business with tech giant huawei. this week, there were further developments and that ongoing story. >> the u.s. has put five more chinese tech firms on a trade .lack

indeed rather shows corruption is a global phenomenon involving players and networks throughout the global system which means the scope of our response must be global as well. >>> anti-money laundering company was established that nearly all of the investigations across a wide range of sectors, the role that the global financial system plays and facilitating those cases is quite evident. our work is focused on three pillars of inquiry. one is the global financial institutions themselves play in enabling the activity, wittingly or unwittingly, the intermediaries played during the same and the role that anonymous companies or other opiate corporate structures play and facilitate the movement of suspicious proceeds with secrecy. >>> i will assume that the number of folks here have heard from our colleagues about the importance of dealing with anonymous companies and not explaining that. i should say simply that we are not alone in considering that the problem of nearly all of her cases of legal entities whose ownership is hidden that played a role in our cases is going to the larger role but

overall, the global markets are worried around the malaise that is global growth and how we are going to get through that period. whether that is central bank stimulus or something else. paul: let's set aside curiosity, and a look close at the bond market. when you look at the yield curve inversions, does that give you cause for concern? evan: look, history is a very hard thing to argue against. you do have to say yes. if you look at what is going on in the 10 year and three month table, everybody alludes to the recession -- we did it in march. it is very negative. that inversion is huge. you also have to look at the differential between the fed fund futures. the gap between that is incredibly large. and what happens with the fed. it is across the globe. bond markets all over are dropping and dropping quite a rapid rate on the yield front, which again, gets back to this concern around global growth. is it slowing to a level of recession? are we going to have some hard landing in emerging markets? are we going to have a fairly response in europe? europe is starting to show signs of str

but it is very dependent on the macro global growth.hat has been called into question, given the trade negotiations going on with china. what you have is the balance going on between what's going on beh iran and if there will more sanctions. that has driven up the energy prices in the short term, but issuesre still long-term in that we don't have a deal on the table yet. we are slightly positive on energy and given where demand has been. overall demand globally has stayed relatively strong. price where it is at now, there are still attractive equities at these levels. shery: the opec meeting and the g20 coming up, will it be range bound until those two big events take place? >> suddenly that will continue to create volatility. that meeting hopefully will take place. our base case is that the talks will continue, that they will end on fairly friendly terms. there is likely not to be a deal but that the talks will continue. we will see what will happen from there. i think a surprise to the market would be if the trade talks in badly. that

the environment series of global 3000. players. play. this is news coming to you live from bahrain and a long battle for german democracy jimmie's government calls the fatal shooting of a politician i bought a new go earlier this month responsive and says it's evidence of the dangerous new face of right wing extremism also coming up. chief executive cathy long apologize again for the unrest sparked by a unpopular extradition but she does not offer her resignation as protesters are demanding so what's next in the territories.

that is the global trade war.if even president xi and president trump no what is going to happen next. this is why everybody has to say, look, i expect a better second half, but i am ready to act if needed. well done.anus: you kicked it out of the park. let's get to my guest host, chief investment strategist at bluebay asset management. let's pick up on the kuroda comments. does he have the ability to do something big? if so, what might that be in your view? think the bank of japan still has some room for maneuver . for me, the key take away as highlighted by you and your correspondent is the support the , even the fedecb are providing to the markets, is a promise that is contingent upon downside risks emerging. the bond market right now is pricing those risks for the yen. there is a connection between central banks, which is to say, we do have the tools to provide server -- for the report if support if- further necessary. i think in the case of the bank of japan, it is going to be tough for them to be very aggres