hao: that is right. times like this, the valuation you can get for your ipo is probably substantially less than what the company's vision is looking for. we are hearing from the streets 50% the valuation is 40% or of the original valuation. that is substantial. at times like this, they want to list it in hong kong market first which has better liquidity, better international reception. in the asianhe cdr market can proceed if the market conditions improve. yvonne: hong kong went out for now. from oh comenk you bocomational -- international. bloomberg subscribers can customize your settings when you look at the news on the industry's they care about. check it out at the be go -- db go. "daybreak: asia -- this is bloomberg. ♪ ♪ yvonne: a quick check of the business flash headlines. a manhattan judge was failed to persuade to remove a merger with xerox. the company claimed damages as a $6 billion deal was thwarted by investors. wall street is waiting for comcast underbid in the battle of disney for 21st cen

hao: yes and no.lly, they chinese market has less correlation with the international market. at times of crisis, it's correlation with global markets has actually shot up as well. since the recent corrections in february, you can see the market is continuing to make new lows, while the international market seems to be stabilizing. this is telling you something else is going on. if you really want to rely on the national plunge team to , the problemrket with that is that the national team is actually acting out of some of the decisions. they are trying to intervene less and less with the market and how it is going. at the moment, in part because of that, the chinese domestic market index -- we have seen the dollar yuan wake up after what seems to be a. of slumber. slumber. of volatility kind of that could create another bout of roller coaster ride for the chinese stock market? at this point in the chinese economic cycle, the central bank tends to cut people out. or in a way, loosen their monetary polic

tener mas contacto con la u ciudad de los angeles >> la cocina xicana >> para edstste curso lachef haodel mole y su vida como inmigrante >> carteque aprendan de la cult >> para muchos estudiantes este curso es un credito universit universitario sino reencontrarse con su cultura y su lengua >> quiero saber mas sde la comi y a y la historia de la gente >> todos son maestros y hombres de negocios exrimenciar una cultura que n nono hemos vivido >> una clase que prepara a los profesionales del futuro con su cultura >> desde lo angeles francisco noticiero telemundo >>sted lo hamuy buenos dibran notado pero hoy noticiero telemundo tiene u nuevo set hay pocos con una t tecnologia tan avanzada como t este empezamos con la pantalla e es una pantalla enorme 36 pies de largo 12 pies de ancho y lo k que la hace unica es la resol relucion de la imagen que la hara sentir dentro de cada no noticiera son tres mesas modulas que tienen su proipiapia luz r cramaras son de ultima tecnologa y muchas cosas mas que ahora les relata vane >> asi se rompoiio suelo en l e nueva sede la construccion de e telemundo

because if n not, we wouldld hao go to ththbank and g a big loan, whh h the nks nonoally d. agricuure e isery hazardous for , , so t bank k esn't reallyike e toinance them. miael: the german vevernme isisupporting the pilot prprojt with money from its internationanal climate ininitie fund. a team of exexperts is visisig from munich to g gather experire and feedback. the unique aspect of this insurancnce model is thahat satellllite weather r data ale decides whether or not and how much is paid to claimants. jennifer: : nobody is coming o lolook at your p property to s h much damamage was donene. if thehere was lotot of rainll or a high wiwind speed, thte prabability that y you had a lt of damagage is pretttty hig. and d this is why wewe develod this produduct, so that t peopln get an insnstant payout t to p themem start recovering rightt after the e storm strikekes. michael: b but so far there hae been few custotomers. one reason i is the ingraiained mistrurust of insurarance schemn michael: b but so far there hae beene region.otomers. the e projecect team is workinih local i

you guys don't hao. fios? [mrs. it's a 100% fiber-optic network with ridiculous speeds.e you could halike, a hundred devices online at once. interested, talk later. bye boys!en don' think about going online. woah... i can't rk like this. the 100% fiber-optic network means more speed for more devices at once. so get a fios triple play with a 2-year agreement, and choose a free samsung chromebook 3 or credit towards other samsung tech. announcer: today on "tmz" -- harvey: this morning, ok, we just broke the story, joe so jackhas died. the patriarch of one of the moss singing families in history. >> n harvey: the jackson five. janet jackson. harvey: but she was in the jackson five. >> no, she wasn't.et harvey: they brought jackson out to sing. >> i was at a u2 concert they brought erykah badu concert. -- out. doesn't mean she's part of it. >> damonash, he loaned lee daniels $2 million that lee s danever paid him this money back. at a diana ross conceree dan and the funny thing about the video is diana ross is singing w

how do you tell them to does it make it hao tges? understand or to predict or plan what is going to happen when you are getting those types of discombobulated messages from the adminiration? >> what the business community wants is certainty. as i mentioned earlier, certainty is what you need for long-term investments. without those, you cannot create jobs. that is what we really need to see. it is important for the u.s. government to speak with one voice. that is not just the administration, there needs to be engagement with the congress. article one of the constitution gives congress the authority to regulate foreign trade. congress needs to be a part of what we do on trade, there needs to be closer consultation. and the business community, as well. if you are negotiating complicated trade agreements, you need to listen to advice from the people who actually trade. if you are trying to regulate how supply chains work, you need to understand those supply chains. u.s. law requires this, as well. the trade act of 1974 says the presiden

in the midst of this i could os, franklin roosevelt stepped --haos, franklin roosevelt stepped in with this bold idea -- we can do better. we can end regulation to end the boom and bust cycles and that is exactly what he did. in the wake of the great depression, america put in place strong laws and rules that stabilized our financial system. fdic insurance made it safe to put money in banks. the sec was built to be -- the s.e.c. was built to be a cop on the beat. not a cop on the street but a cop on wall street. and glass-steagall, checking accounts, savings accounts, were safe from wall street risk taking. for more than 50 yrs, half a century, those rules stayed in place and they worked. the devastating economic crashes were gone. regulations brought us economic stability, and the financial services industry served the american people rather than the other way around. regulations to protect workers, regulations to protect financial marketplaces and make them fairer, the g.d.p. was climbing and america's middle class was getting a huge share of all that growth. we were on a roll, and i

but the turnout will be much tbigger, and it hao be. know, it has to be because it is going to be younger, it willwh be less ite, it will be more democratic, more liberal. i think that's the key thing, and that's what typicallyer happens in g elections. >> i think too, look, it's been crt of a free-for-all. we had so madidates in these races running, in some ight? on both sides, multiple republicans, multiple democrats. if democrats cansc coalee behind these candidates, get the vote out, i think newsom sees this a an opportunity to have a republican opponent that he can focus on some of those down-ticket races. you know, they have a fighting chance. nothing is guarantrd for eithe party, but i do think that the electorate will likely look vern differentovember than it did in june, and that is going to help democrats in theses. race they're going to be talking to the specific issues of those districts, which i think is ally important. it is easy to kind of generalize these things, but if you are running against, you know, steve knight in

. >> hao do you think it is? italy's new interior minister was greeted by a pro migrant protestors during a detention in 60 europe ought to stop that. >> translator: these are emergency centers. i want to increase the number. this isn't easy to do nor in the area of an hour. we want to cut costs >> willem, you heard me talking about the facts and then my own editorial. i don't think this endnths of political turmoil, but are there hopes that this disparate connection i don't know, the prime minister, is it possible that they could appoint a prime minister and they could have cohesion >> i don't know they could counter act spending they have a 58 page contract for government you hear the comments down in sicily that it's about building new detention centers, trying to deport more than half a million migrants, something that's very close to his party's core beliefs. then meanwhile you hear them talking about 780 euros in terms of job seekers allowance, something he wants to run as the new minister those kind of spe

acknowledge maria fu, o's the director of the c.y.f.nd lives, breathes, and ettas everythi eats erything that haong wiople. we have a supervisor in our districts that does so much with public schools. katey tang graduated from public schools. she invests in every single one of our schools in her district, so i'd like to have katey tang please join us for a little welcome. [applause] >> supervisor tang: thank you very much, hydra, and welcome, everyone, and congratulations. as hydra mention, i did grow up going to our public schools here in san francisco and proud graduate of sfusd, and so i definitely know how much it means to be able to support these schools in any way i can. like many of you, i grew up with an immigrant family and was the first in my immediate family to attend college and graduate from college and then go onto receive a graduate degree, as well. when i first went to college, i really worried so much about how it is that we're going to pay for college. my parents had to work overtime so much that i barely saw my dad on the weekends, he was just working and working and working. t

robert gar -- barbara garcia hao be held against this. there's been bullying and complete silence by this board. i support the legislation, but you have to take action against these managers that be continuing the discrimination and the harassment and attack on african-american workers in the city and county of san francisco. that has to be taken and you have to hold the managers accountable, which you have refused to do. why are they still working for the city? >> clerk: thank you for your comments, sir. next speaker, please. >> i promise my speech won't be as fiery as the last. my name is john wadsworth, pharmacy tech. i'm assigned to a quality assurance function in the department. and the reason -- i want to thank this council for allowing me to come here and have an avenue to speak out about quality of services at the hospital. unfortunately, i've been to this council before, one time before, to speak on this matter, but, again, on here, i am here to speak about staffing shortages within the pharmacy department. they're severe, especi

. >> it's pretty hard on the wheelchairs, wwet hao. d they probably weren't really built for it. three and four. >> judith brought a national spotlight to the company and attracted some of the best choreographers. now from her scores of dancers from over 30 years, a simple message. >> i want to say thank you so, so much. >> when jean p. and the dancers are in action, it's hard to look away. and judith says, that's exactly the point. >> because there's this whole thing around staring at disabled people and looking at us and it's not polite to stare. but when you're given permission to really look and look deeply, and you see people working together and all of a sudden it just becomes about the movement. we become part of humanity. >> judith smith just recently decided to retire, handing the reigns to star choreographer mark brew. we thank her for more than three decades creating opportunities in art and are honored to recognize judith smith as an abc 7 news star. >> if you'd like to nominate someone to be an abc 7 star, find all the information online at our website. abc7news.com/

mexico like that but we wouldn't even have to worry about that if we had strong border laws which we t haoave. >> the american civil liberties union has responded saying anyove mentioned in the president's tweets wod be illegal and violation the constitution. >>> last week dhs sretary heckled out of a restaurant and. before the weekend was over, campaign manager and politicaliser sarah huckabee sanders got the boot from a restaurant in virginia. holly morris is back now wit f thel story. holly. >> reporter: a allisonnd on saturday sarah huckabee sandersas asked to leave a restaurant in virginia because she works for present trump. the owner of the red hen in virginiconsidersia considers "inhumanend unethical." the incident has set off a huge debate. maryland congressman elijah cummings is one of the few demoats saying the restaurant should have served sanders although he added that he belves president trump created the environment for hostility to exist meantime california congresswoman ma ine waterss under fire after she took a much difrent approach. >> let's make suree show up wherever w

>>haos reigns.lly when you go to the white house and say how does this work, they usually walk you through the deails. seems no one's asking the practical questions, it's just what you have when you have government by tweet. it's infuriating about it is the republican party exist force a few reasons, one of them is to understand that government is at its st abhorrent when it can't see human beings as humane beings, and it treats them as mere data points or somhing in a bureaucratic game, and that's what we've seen this whole policy.ot it'sreating the people as human beings. it's treating them as sort of pawns in some sort of larger protest movement, and that's what happens when government does that, you 'etr horific pain and suffering and that's what we're seeing. >> yang: mark? every administration is inevitably a mere reflection of the man at the top. sadly, in this case, the publican party has become a reflection of the man at the top. it is a combination of malice and incompetence. it is shamefu

because we are one of the fastest growing communities in the commonwealth in massachusetts, we definitely hao using. housing as a way to keep rents down, a way to keep people from living two and three families. this is for instance, i know what a hot housing market look like but we didn't fknow what a housing rental look like, that's two or three people showing up in an arent. if you ever signed up for school you have to bring a bill to show that you live in the city. one was coming in with a cable bill, one, a gas bill, different names. even though we don't want the decemberty we feel density may vent fie our community. we have to get that under control. thetalarket is crazy for our city like barns. we sold single family homes in our community for $488,000. that may seem like a lot of money in some communities, it was sh a big deal. my director texted me and said something's going on here. we haven't seen a $488,000 in a single family home in a long time. me anti-family unit as you worked toward what you call building up instead of billing out. can you talk about that? >> sure, let me back u

and first grade that are being taught that it's a culture that hao and it's not just up to just the janito and the sorters and recology from 350 so i really implore you and appreciate this hearing today, and i hope something comesou . thank yo you.upervisor safai: than i was going to ask a few more questions, but you answered all my questions. >> supervisor ronen: director safai, i just wanted to comment on that i made some comments already. firs of all, i have to say supervisor d a nig in the ashoe janitor wasne o of t profound things i did during the campaig thank you for that. that opportunity and forced that opportunity on every time i sor te trash.f first of all, your members were incredible, the knowledge and the support that they gave me in doing it was just do butwa i mean, the fa t the workers upstairs couldn't, you know, do that first sort and then the janitors provide a check to that or, you know, correct things that were missed was ridiculous and insulting. and the fact that they get the lead certificate on t backs of the j thaanitoare dng this work was -- w eye opening for me,

i hao ask you this question -- when you put these people through a background, what do you say to people"hey, this guy's coming to potentially invest in your business. please do us a favor -- have a few answers." amber: well, they all know and they all watch the shows, so it doesn't make sense to me that still in season 2 that 3, 4, 5 -- lemonis: 6. amber: 6 -- that they still don't have their stuff together. lemonis: as a producer, how do you feel about -- amber: i used to laugh in the beginning, and then now i'm like, "it's kind of ridiculous," 'cause now i feel like you guys all know the drill, you know what we're coming to do, and i feel dumb for doing this business, 'cause i feel like they should be more on top of them for you to be interested in it. lemonis: so, nancy, why do you make them works at the factory in georgia has been doing it for 20 years-plus, so they're very good at what they do. the reason we have an office down here is 'cause he and i are here, so we wanted the finished product to be here to see the end result. lemonis: so how much efficiency can be improved if you

certain point, they will hao be concerned about capital outflow and that will force them to hike, maybevestor outflows, i see in april, $1.7 billion versus $3.7 billion. today, analysts have said that current account surplus would keep that -- less outflow. what are you thinking now? the current account surplus has been large for a while and that is keeping the currency strong. exports andn the their exports have been concentrated on a number of sectors, especially semiconductors. the current account surplus will depend on how the growth will grow from here -- will go from here, especially in i know youne: mentioned you are shifting your portfolio given where we are. how are you changing it now? stoxx in stay on the the long-term? >> over the long-term, if there is peace on the peninsula, it will not only affect infrastructure but it will affect all kindf stock consumption, industrial, all kinds. the risk return is better on korean large-cap which has been lacuster over the year to date. the risk return is better on the korean large-cap, something like he end a motors. -- hyundai motors

so you this hao, i think, asses risk and lower levels of confidence and what we think we know about theprogram. and that also relates to, well, how long is it going to take to develop a u.s.-north korea friendly relationship like with vietnam. >> but when we talk about the period of time that we -- it takes for this dismantlement or this denuclearization, you have to take a look at both sides. technical aspects of it and physical aspects of it. so at the end of the day, we need to create a situation where north korea can live without nuclear weapon. and, for example, take south korea, for example. it took about almost three decades from the 1960s -- early 1960s to the end of 1980s for south korea to become a relatively poor country to an affluent country. and it will take probably more than -- north korea more than that. 30 years. but the question is can we say, well, we have to wait 30 years to see -- complete denuclearization of north korea. it would be very difficult. theoretically we have to set stages. so in the first stage we have to take ten years and take a look at what we can d

there hao discussion about dumping the common currency and ministers will do everything to maintain normal says it wants boost growth by investment rather than increase spending. bitcoin sold the most in three months after south korean crypto admitted it had been hacked. more than 50%, four times bigger than the others. they are reviewing its systems and cryptocurrencies are now being stored in a code wallet. global news 24 hours a day on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm haidi lun. this is bloombg. yvonne? yvonne: thank you. coming up, still more on the singapore summit. john park on what a good deal would actually look like for the u.s. and north korea. ramy: later, the fallout from the g7 summit with economists alicia garcia herrero, who says president trump's america first policy is actually good news for this is bloomberg. ♪ ramy: welcome back. this is daybreak asia. i'm ramy inocencio in new york. yvonne: on yvonne man in singapore. president trump and kim jong-un are right here in the lion city repairing

you brought valuable ideas to the table and youhoar worked hao make sure that we can get here today. i want to think my great partners, senator roberts, for all the hard work we've done together to write the farmfo bil that makes sense forti our farmers, ranchers, rural communities and families and mr. chairman, let's pass the farm bill. >> i think the senator [inaudible] we are only as good as our staff and we have the best. that goes for everyone here and having been a staffer for 14 years i have a special feeling about that but this was a daunting task and they spent a lot of hours way into the evening, early mornings, still trying to put this together. >> thank you, mr. chairman. right off the bat i'd like to thank you and the ranking member of their hard work over the last several months. as you mentioned, you all were a great and work hard but your staff is excellent. we do appreciate that. again, crafting a truly bipartisan piece of legislation especially during a time when budgets are tight and tough choices must be made and as we are all aware the farm economy is much a to d