let us get the first word news with haslinda amin in singapore. people killed in more than one -- and more than 100 injured when a van hit pedestrians on barcelona's most famous street. the perpetrator is still at large. the attack echoes similar incidents in france, germany, and the u.k.. the prime minister says spain and the world stand with the people of barcelona. nicer neighbors in madrid, , brussels, berlin, or london, have experienced the same horror that the people of barcelona has suffered, and i want my first words to convey to them the , andtion, the solidarity the affinity of the hall of fame in the world. haslinda: rex tillerson and jim say military action against north korea remains an option, despite claims by a colleague by the contrary. a potential strike against the kim jong-un regime has been endorsed by president trump. millions of said seoul.would die in president trump has jumped back into the charlottesville controversy, decrying the foolish removal of federal monuments and attacking republican critics. he said "it is said "i

first word news with haslinda amin. haslinda: good morning.hese two people have been -- ed [no audio] speaking about harvey to shutting down oil production, and we will get you some more headlines. that is a developing story on .hat looking at the united states and issues of with geopolitics, they still want to talk with north korea despite the provocative firing of three short-range missiles. rex tillerson's the -- saying washington would maintain pressure with china and other allies to move kim jong-un to negotiation. tillerson had praised north korea for showing strength. >> we hope this is the beginning of this signal we are looking for they are ready to restrain their level attention. they are ready to restrain vocative action, and perhaps -- provocative action. perhaps we could see dialog. we want to see more on the steps they've taken thus far. factory output last month was low, the economy showed resilience. the industry maintained a profit surge in july, 16.5%. investors could tackle capacity ahead of the key party congress this fall.

let's get the rest of the world headlines with haslinda amin. haslinda: good morning. the u.s.nd south korea begin new wargames on monday. denounced by the north as regulus. -- reckless. -- this drew an aggressive response from president trump who wanted to fire and fury. kim said he would watch the new exercise before deciding whether to attack. spanish leaders say they are no closer to filing -- finding the suspected terrorist attack leader from barcelona. they have 12 people that struck barcelona, but three people remain unaccounted for. there were three strokes -- trucks with explosives and they blew them up in barcelona. the u.k. will lay out more brexit positions this week. they are preserving -- asking brussels to move away from the present and move on to the future. they will publish a range of issues including data protection and judicial cooperation before talks can move to trade. the e.u. must be convinced talks have been made on residency rights and the border with ireland. president got backing from all but one of the cabinet members, a show of support against cons

haslinda amin has updates. haslinda: good morning.resident trump is repairing to turn up the heat in china. he is expected to sign an executive referendum. they could consider launching an investigation. officials say it would focus on u.s. companies in china being --ced to offer for technological expertise. trying to keep paris off the agenda as they prepare for nafta talks this week. mexico is approaching the meeting as a way to modernize the deal to block any attempt to reintroduce tariffs. most issues will be wage issues related to labor and intellectual property. chancellor merkel and her challenger want to protect the german auto industry. that is in the election next month. seeking to escape political fallout, they put the blame on volkswagen. they said makers put the issue under the park it and that management was irresponsible -- under the carpet and that management was the responsible. don't miss the 30 minute special every wednesday half past 3:00. we have the latest political analysis ahead. the uber investigators say the

here is haslinda amin. haslinda: tropical storm harvey has gathered new strength and is said to drench parts of texas and neighboring states. the full extent of the damage -- the amount of rain measured in feet rather than inches. harvey has crippled the energy hub with a quarter of natural gulf production -- production and refining capacity shut down. rex tillerson is planning to eliminate several special envoy positions to me president trump's demands for deep budget cuts. roles would of the be subsumed into other agencies. positions under threat include envoys for climate change and the iran nuclear deal. tillerson said his plan would advance america's interest. china has created the biggest power company on earth, approving the merger of a coal .iner with a generator it will have assets worth more than $270 billion and is seen as an attempt to slim down china's bloated sector. the company will be called the national energy investment corp. 225 gigawatts could put it ahead of electricity for france and it

i'm haslinda amin. this is bloomberg.t on markets open from tokyo as well as sydney. it seems they are ending on a good note. firie -- sophie: official numbers beat estimates yesterday. take a look at what is going on. longest streakts since 2010. games for the3 offshore rate. we have the aussie dollar giving up some of its earlier gains, but still holding towards that high we saw in the new york session ahead of that data, and aussie shares up by 0.1%. second-quarter gdp data is due. out of korea, we had a slew of data from there. -- the one isdp at 1122.. the strong cpi could be a catalyst for the dollar that could test the lower range of the dollar one for this year. kiwi stocks in the currency, little change after new zealand's terms of trade missed, but that could be more potter -- fodder. rising after posting its fourth monthly drop this year. despite a recent rise -- decent came inprofits, japan less than forecasts. that adds to the drag we are seeing for the yen, after it slipped easily below the level after murmu

in the meantime, let us get more on all of this with haslinda amin. y, president trump has described the flooding in texas at "epic." he vows the response will serve as a model. tropical storm marty has drifted back towards the gulf of mexico and is set to strengthen again. damage estimates of the range from $34 billion to $100 billion. harvey brought the heaviest reported downpour in u.s. history. meanwhile, the heaviest storms since 2005 have paralyzed mumbai. rain fell in just nine hours, forcing the closure of the train network, which carries 8 million people each day. weather forecasters predict more of the same today. trading under stock and bond markets, the index fell 1.2% while the rupee weakened slightly against the dollar. uber says it is cooperating with u.s. investigators, looking into whether employees violated before in corrupt practices act. the legislation bans the use of bribes by foreign officials. the right hip company is -- right ailing company is -- a program known as grade. reports from japan's toshiba's portal meet to discuss ne

let's get to first word news with haslinda amin in singapore. haslinda: senior u.s.ls have tried to lower the chance of war with north korea after days of rhetoric aiming to support him but not raise the alarm. the national security adviser h.r. mcmaster said there was no indication hostilities will break out. the chairman of the joint chiefs of staff will meet with president moon on monday. president trump is attempting to ward off criticism after the violence at charlottesville. he came under fire for his reaction at the scene that left one dead and dozens injured. kind to we must be more each other. donald trump: the hate and the division must stop and must stop right now. we have to come together as americans with love or our this sond -- i say strongly, true affection for each other. haslinda: the white house has released a statement saying the president condemns all sorts of violence, bigotry and hatred, that includes white supremacists , the kkk, neo-nazis, and more. thecratic leaders recalling investigation for deutsche bank loans with president trump and mov

i am haslinda amin with the latest news.nt trump has stoked the flames, claiming both sides -- blaming both sides for the violence. protesters confronted them and said liberals had violently confronted the right-wingers. blaming many sides for the violence. has unrolledlipay a partnership with yelp in four u.s. cities to attract chinese investors. they will be able to pay in yuan for retailers that except alipay. it is available in new york, los angeles, san francisco, and las vegas. they can already shop at 4 million u.s. margins. preparations for the funeral of the king are scheduled outside the palace in bangkok. he will be cremated one year after his death in a ceremony expected to be broadcast around the world. the crematorium is an area where buddhists say the gods reside. the government is paying $20 million for the funeral. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am haslinda amin. this is bloomberg. >> i am sophie kamaruddin. asian stocks set for a

let us go to our teeth international correspondent for southeast asia, haslinda amin. like an ambitious plan for singapore. there is still work to be done. haslinda: a lot of work can be done. over theabout it weekend. the prime minister says it is time to double down and get on with it. the smart nation has to be done. let us speak with the minister in charge of the initiative in the lion city. minister, good to have you with us. >> morning. haslinda: good morning. why is it so difficult for a company to get to the smart nation status? why are we facing difficulties and challenges? guest: first, we are living in a revolution. the advent of basic computing, this is a revolution. if we do not get ahead of the curve, we are going to be swamped. fortunately, singapore is starting from a position of strength. we have a sophisticated, demanding, digitally literate population. we have more smartphones and people. we have an education that emphasizes finance -- science and tech. haslinda: why don't we foster that? the prime minister brought up china. why are we not there yet?

. >> i am haslinda amin with the latest first word news.s on high alert at her the death of civilians and presumed terrorists. five suspects were shot dead by police south of barcelona. the operation is linked to the death of 13 people who were hit by a speeding van on las ramblas attitude -- avenue. the perpetrator is still at large. the prime minister says spain in the world stand with the people of barcelona. ,> our neighbors in madrid nice, brussels, berlin or london have experienced the same horror the people of barcelona have suffered and my first words i want to convey to them the affection, solidarity and affinity of the whole of spain and the whole of the world. >> president trump is said to have abandoned plans for an infrastructure council which would've advised on his calmest $1 trillion program to upgrade roads, bridges and other public works. he signed an executive order in july but failed to make formal appointment. there is a cancellation of two other advisory councils. the wall street journal says china unicom has withdrew

time for first word news with haslinda amin.ose to naming a new ceo after months. they are holding daily meetings with meg whitman still the favorite, despite her saying she is not interested. the general electric chairman was another contestant but has withdrawn from the race. disillusionedme for the conflict. the australian banking regulator will hold and a qwerty -- an inquiry into commonwealth bank after the polyp from a money-laundering scandal widens. they say a trust in the banking system has been damaged. there have been a number of issues that affected applications. the inquiry will be conducted by the an independent panel. the former time prime minister -- time prime minister is in -- thai prime minister is in dubai to avoid a jail sentence. she could have been given 10 years. her legal team claimed she was ill and flew to the middle east. her brother is in exile. chancellor merkel has opened the door to lawsuits against german automakers and their diesel engines. blockinged them of possibility. can dosaid germany coll

i am haslinda amin. this is bloomberg. we are counting you down to the major market opens in the asia-pacific. let's get to the global markets editor, adam haigh. volatility is back. it is showing no signs of abating. absolutely, and we have been waiting sometime. volatility not just in the equity market, but bond and currency markets, at or near record lows for long time. iss 44% surge in the vix quite significant, and we see three times as many puts relative to calls come in chicago trading overnight. a big change. it has been spiking and volatility in asia this week. vix-stylelevels in currencies in asia. friday we will see when trading gets underway. japan closed today, said they do not get a chance to react until monday. betty: you have been looking at asia's booming bond market. why are china and the philippines missing this rally? it has been a very strong story for companies in asia, working in the u.s. currency. the noticeable absenteeism with thailand's in philippines tells you the story of how cfo's in those cou

i'm haslinda amin. this is bloomberg. we're seeing equity futures are equities in the green.ut in the u.s.. frexit telling coming through from the wall street session, lots of data coming out for asia. we just had japanese industrial output weaker than forecast, setting begin further above the 110 mark. the nikkei is looking at second day again so far. the kospi adding to wednesday's gains and tech shares leading on the s&p 500. koreahave the bank of expected to hold pat at its policy decision later today. ecb, and we have the euros on inflation that is due out on thursday. ahead of that u.k.'s holding steady after germany inflation surprise to the upside. bank of america merrill lynch is not impressed, saying the euro .as overshot the eurozone data one a look at what's going in the commodities space. barrelelow the $46 a mark and metals are falling ahead of china's pmi reading for august. ricks acting a tick down for that month but today chinese corporate earnings will be very much in focus given the four big developers a standout in hong kong. earnings could be a key driver

i am haslinda amin. this is bloomberg. haidi: thanks for that. returning to our top story, hours after a van killed at least 13 people in barcelona, spanish police have perpetrated a counterterror raid in cambrils , a town 120 kilometers away. four people are dead, one injured. david, what is the latest that we know? is there anything the government can do to prevent this type of attack that we have seen with increasing frequency time and time again? say one ofuld really the difficulties the government faces and the situation is the there isn't a lot -- that there isn't a lot they can do. short of giving in to the demands of isis and the like, and not taking part in the fight against these terrorists. what they can do though is to try to mitigate the risk of , and that is by doing what i would consider to be fairly simple things like erecting barriers around key forest sites. i have just come back from spain, and one of the things i noticed when i was there is that there are very few barriers around a lot of the main tourism streets. managed toth

first word news with haslinda amin. haslinda: canada, mexico, and the u.s.us nafta outcome after the first round of talks in washington. there were few details, but all three are committed to the 21st standards -- 21st century standards. they want agreement before politics takeover. u.s. and mexico have elections coming up. president trump will address the nation monday on u.s. policy in afghanistan. he and his team met at camp david. he said decisions have been made but gave no details. troops could be sent back to train local forces and show u.s. commitment to the elected government. the president had previously demanded to know why the presence in afghanistan was so long. thousands marched through hong kong in support of three democracy activist jailed in the 2014 occupied protests. two of them were given community service, and the third a suspended sentence, but an appeal sent them to prison for 6, 7, and eight months respectively. they say the judiciary is under threat from the beijing-backed government. indian ipo's are heading for a record year as the

i am haslinda amin. bloomberg. >> i am sophie kamaruddin with a check on the markets. -- ip sharesn advance across the region. singapore stocks losing for a third day low. moon korean president warning the north is approaching a red line. that is not dampening the appetite for korean assets. the yuan rising the most in a week. we do have japanese stocks still under pressure. higher givens set the rally we are seeing. mining shares are higher on the asx 200. the index closing on that 6800 level. in that time, materials have led gains and households of been the biggest laggards. dropping the most in sydney today. a broader scene when it comes to the asian session. you can check this out on them msci index. 1%.eholds are down, 4/10 of asian stocks set for a fourth day of gains. ♪ this is "bloomberg technology," i am emily chang. i am here with nikesh arora. he spent years investing alongside mashayoshi son, after working for years at google. he is in part two of our exclusive conversation. i asked about who

i am haslinda amin. a report from 13 federal u.s.contradicts president trump's dismissal of climate change. it says the country is already feeling heat waves, torrential storms, and other extreme weather over the past four decades. the president has publicly expressed a doubt that global warming is primarily man-made and will have negative consequences. has put billions of dollars in foreign exchange losses in that dates back to the 1990's. probe is just a political ploy to discredit him. they recently set up a new party aimed at toppling the current prime minister in election next year. a new report from a law firm says chinese companies will spend at least $1.5 trillion overseas in the next decade. a rise of 70%. policies are encouraging firms to take a stake in advanced tech. foreign concerns of natural security contributed to the failure of 75 billion dollars worth of outbound deals last year. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. i am sophie

i am haslinda amin with the first word news.ncil has condemned north korea's latest missile launches outrageous and repeated demands for them to stop. the council met and pyongyang said it would continue to do so to contain the u.s. territory guam. president trump said all options are and that pyongyang has shown contempt for the international community. japan retail sales growth beat expectations in july, indicating a recovery may be coming. they are more willing to open up their pocketbooks. they almost doubled the median forecast. and that department stores supermarkets declined 2/10 of 1%. bloc should hold the market risk because the u.s. commitment is weakening. the banking federation says they have dropped the numerals on trading and funding will be reconsidered. it has spurred questions about washington support. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. >> i am sophie kamaruddin with a check on the markets. we have bonds falling, the hang seng leading asian

. ♪ i am haslinda amin but the first word headlines.nd not. -- styles down a notch. -- dials down a notch. industrial output rose from a year earlier. fixed asset investment rose 8.3% , short of estimates. willk in australia's ceo retire. is the result of a followed of a money-laundering scandal. is accused of breaches involving deposits at atm's. u.k. aims -- sluggish breakfast -- brexit negotiations. the slow pace of talks have led the g-v -- the chief e.u. negotiator that an agreement might not be possible by the next leadership summit in october. second to avoid any political fallout from the diesel emissions scandal, two liters put the -- the two leaders put the blame elsewhere. the prime minister of australia may be forced to step down after revealing he could be a citizen of new zealand. he has referred his case to the high court after being told he may hold dual citizenship. ineligible.ake him his government led by malcolm turnbull only holds a one seat majority. global news 24 hours a day, powered by more than 2700 journalists

haslinda amin is there. makebeijing's involvement the wall white house doubt back on trade action? dialback on trade action? haslinda: it may be three what a difference a week makes. just last week they were on a collision course after north korea launches its second missile in a month. trump went on twitter to lash out on china, saying china did absolutely nothing to rein in north korea. turn it seems to be back in the good graces of the u.s.. will it dialback those trade plans? perhaps, but only for now. no trade war, no acquisitions, china stealing jobs from the u.s., no intellectual property. remember this is a very volatile relationship. on-again, off-again. one based on trade-offs between trade issues and north korea. trump's goodn books for now, but give it a couple of weeks and he might change his mind. having said that, we have to bear in mind the contributions from china to the sanctions imposed by the un security council cannot be underestimated. china is the biggest ally, the closest ally to pyongyang. it is also the biggest trading partner of north korea by far. withou

let's it to first word news with haslinda amin. -- is linda on month. da: credit that's on a stronger euro and weaker dollar provide unusual liquidity to see the market vulnerable to some phonetic moves. -- gatherrs rather and say weaker inflation will dominate this decision. >> we saw a puzzle of white is it rising, now it's, why is it falling? it would be nutty for them to raise interest rates. reaches ae trial conclusion later friday with jay y. lee denying corruption. he is accused of funneling millions of dollars to a friend in return for government favors. his defense has been that he was not involved in decision-making at samsung. the case has not had the company since lee's arrest, it has record profits and launched a new galaxy s smartphone. energyefits of higher prices, paying shareholders its entire net income, worth $2 billion and raises expectations of more of rewards. also be estimates, coming in at $2.4 billion for ahead of a projected $1.5 billion. itsstruggle for a sees founders three getting control. ousted ceo with one of the directors

was the dbs ceo speaking with haslinda amin. is's do a quick check of the this headlines. this here, one that can connect directly with cellular networks, thus reducing its reliance on the iphone. the watch must be connected to the phone to work, but the new model is expected to have chips, allowing it to conduct mini tasks so low. to supply those chips. it would be a big victory over qualcomm. stabba is taking another at its u.s. partners, saying western digital has no right to chip reduction that is crucial to both come -- both companies. toshiba says it will be built with no input from western digital, thereby cutting the company off from new technology. western inherited its stake in the venture when it bought toshiba. the chairman held talks over the weekend with the michigan governor and is ready to make an announcement soon. it is not known how much money would be involved. spend moneyonn will on a new display plant in wisconsin. next, we will up talk commodities as well. dig.ig miners the third-largest gold producer in china, we speak to them about acquisition. thi

let's get the details from haslinda amin. it is just shy of estimates. >> falling below estimates.ter net income at 1.13 billion. singapore banks, they are falling short of expectations. allowances for credit coming in dollars.ingapore it is given out about 30 cents per share. dbs is the largest bank in singapore. before, it has been betting on a growing business. dbss growth -- remember, has just completed its acquisition of azx banking units. it is hoping it will expand businesses in indonesia and buffer growthg to in the lion city. we talk about bad loans linked to the oil and gas industry. here is the risk from local lenders. we heard from the ocbc chief. they have said before that he sees that stabilizing. dbs falling short of expectations, net income 1.13 billion. the estimate was for 1.16 billion. what weet's get back to were talking about with kathleen, the jobs report. our next guest says he expects a solid report. presidentnker is the -- one of the top ranked forecasters, as well as a bloomberg view columnist. kathleen hays a stays with us. jason, you expect a solid repor

francine: thank you so much, haslinda amin there in manila.with us and holger schmieding. when you look at trade and populism and all of this under a cloud of geopolitics concerned, how do you rate the global economy ? holger: >> it is in pretty good shape. we have seen -- not seen synchronized recovery for over 10 years, which is pretty good. developed economies are growing nicely at or closely above their rates without overeating. there are lots of risks out there, you name some of the big labors for them, but by and large, this year so far is in a way as good as it gets. francine: geoffrey, does it get any better or is this it? geoffrey: i think for it to get better is a bit of a stretch. the concern is the brace for a downturn because when you peak, there will be a recession next or at least a massive disinflation. just slow and steady, the central banks is not doing too much and accounts on earning growths. david: what sense do you have about the u.s. trade policy? there were reports they were looking into investigating chinese intellectu