let's get the first word news with haslinda amin. haslinda: the e.u.hief brexit negotiator is running out of patience with the u.k. after the second round of negotiations ended last week with little progress. the bbc says he told the conference in italy the british people must be educated about the cost of leaving the e.u. and the consequences which he says have not been made clear. start by resolving the issues that are on the table. then we will think about our future relief. it is no secret we think we need to have a very strong relationship with the u.k. out of the e.u., [indiscernible] haslinda: two days after president trump asked congress for $8 billion to clean up after harvey, they said the ultimate bill may top the $120 billion spent for hurricane katrina. they say it was a down payment, and the number of people affected by harvey and the size of the disaster outweigh katrina or sandy. steve mnuchin said congress should provide aid relief in the u.s. debt ceiling, saying they need to put politics aside to be sure the harvey victims get the he

i'm haslinda amin.his is bloomberg. haidi: thank you. that's getting -- get back to in the u.s. has agreed to maximize pressure on north korea using all means at their disposal after the latest nuclear test. called an nikki haley emergency meeting of the yuan security council and said the time for half measures is now over. >> nuclear powers understand their responsibilities. kim jong-un shows no such understanding. his abusive use of missiles and his nuclear threats show he is begging for war. we have yvonne man standing by in seoul. we keep talking about north korea crossing the so-called red line, seemingly with impunity. is there a sense that this time is different? i remember you are speaking to an ambassador. red lines don't even matter at this point, given the geopolitical tensions have escalated this far. yes, harsh rhetoric coming from the u.s. ambassador nikki haley overnight during this security council meeting. that only the strongest sanctions will enable pyongyang to basically stopped nucl

amin get to work haslinda -- to haslinda amin. there is uncertainty in the next 20 years.at means for jobs, where will the jobs being? they will talk to us about the next 20 years. there is a growing divide between technology and banking. in my conversation yesterday, they talked about how they disrupted the banking world and 30% of the jobs will be [indiscernible] do you share that view? mike: when we think of banking and financial institutions, you're talking to the consumer, the individual. one billion people on the planet will go to one of facebook's websites every day. amazon has hundreds of millions of customers. alibaba, tencent, and so on. these individuals feel closer to these companies than they do to their financial institutions. way to is well on its being may be the largest financial institution in the world. that relationship will be a technology one. your mobile, smartphone will be your bank. there is a dramatic change in that relationship. haslinda: you said alibaba could be the biggest financial institution in the world one day. ofs that mean the likes jpm

haslinda amin. the u.s. ambassador to the u.n.north korea is begging for war with the latest nuclear test. nikki haley calls for the strongest possible sanctions in kim jong-un's regime, telling wants a september 11 road on new measures. president trump spoke i phone with his south korean counterpart, moon jae-in, agreeing to pressure the north with all mean that it disposal. >> the stakes could not be higher. the urgency is now. 24 years of half measures and failed talks is enough. haslinda: the chinese and mexican presidents have pledged to defend a multilateral free trade after meeting on the sidelines of the summit. ximake it pena nieto told jinping that -- bloomberg is being told the latest round of nafta talks without major breakthroughs or new agreements. taiwan's premier has quit ahead of local elections next year. seen as the policy architects said he is stepping down to give his successor time to prepare for the polls. the resignation sets the stage for a broader cabinet reshuffle. the successor is expected to be the cit

haslinda amin has the headlines in singapore. bitcoin tumbled the most in two and a half years after china tells banks that initial plan offerings are legal. the pboc has asked for all fundraising to be halted immediately, and says there will be harsh punishment for any offerings in the future, as well as for once already completed. bitcoin fell by more than 14% on monday, the most since january 2015. --ted technologies of dubai is set to buy rockwell collins for $23 billion. the deal is $140 per share in cash and united stock. united technologies says it is funding the cash portion through that assurances and cash on hand. one of the biggest deals in aviation history is expected to close by the third quarter of 2018. the u.s. house of representatives will vote wednesday on a hurricane harvey that will contain language aimed at staving off a default on government debt. republican leaders are for now the bowing to the demands of the and conservative members, won't combined registration, which would raise the u.s. debt ceiling. the

i am haslinda amin with first word news.ll have the nation's biggest political reshuffle since 2012. the gathering of more than 2000 delegates with xi jinping to move allies in top positions and insert his guidance into documents. many of the committee could be replaced. a second round of nafta talks resumed in mexico city later, with president trump's rhetoric expected to figure prominently. since the first round, he threatened pull america out of times.l four during meetings in minnesota and missouri, on twitter, and a news conference with the president of finland. any of the three members of nafta can quit with three months notice. the senate banking committee will vote next week on renminbi calls. president trump's picked to be regulator faced tough questions. he admitted he should have been tougher on the banks when he was at the treasury, before the 2008 financial crisis. 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. >>

haslinda amin is live in singapore.ef brexit eu's negotiator is said to be running out of patience with the u.k. after the second round of negotiations ended last week with little progress. that -- bbcsaid said that the british people must be educated about the cost of leaving the eu and the sears consequences, which he says have not been made clear. resolving the issues on the table, then we will think about our future relationship. it is no secret that we think we need to have a strong trade relationship with the u.k., but first things first. haslinda: two days after president trump asked congress for $8 billion, the governor of texas says the ultimate bill may top the $120 billion spent on katrina. said the request was simply a down payment and the number of people affected far outweigh katrina or superstorm sandy. steven mnuchin says congress should combine initial aid relief with an increase in the u.s. debt ceiling, saying lawmakers need to put policy aside to ensure that the victims of harvey get the help they ne

i am haslinda amin. this is bloomberg. thanks so much for that.two, and getting this report through saying japan is planning for the possible mass evacuation of almost 60,000 of its citizens, japanese citizens, living in or visiting korea at the moment. that would be in the situation the u.s. decided on a military strike against north korea. japan would move towards an regulation. that is according to the nikkei news. contingency planning. these reports late yesterday out from seoul intelligence showing north korea may be planning another icbm test, so we are waiting for more details on that. take a look at how we are setting up in the asian session. new zealand opening lower and continuing to build on those losses. we are up .1% at the moment. the kiwi dollar at 7162. we do see your classic asian players. the yen jumping the most in three weeks. futures in australia ahead of the rj decision. we are not expecting a move from the central bank, but certainly parsing that language. any commentariat -- commentary. sydney futures looking to open up by

i am haslinda amin. this is bloomberg. >> i am sophie kamaruddin.stocks are falling while bonds are rallying, even as treasuries fall in the asian session. check out what is going on with the hang seng, falling over 1%. chinese stocks are snapping a three day rise. it has been a rocky day for them yuan. we have offshore and onshore rates swinging, despite the fix for an eighth straight day. the korean won has been on the defensive, while the ringgit has led. below the dollar second-quarter gdp data miss this morning. the yen thriving in this risk off session. unlike gold, which is dropping with other commodities. we aren a strength, seeing bond yields setting japanese stocks lower. financials begin to drop across the markets. check out this jumping almost 20%, rising a seventh straight day. that is the longest winning streak since 1998. it is trading at the highest level since april, 1999. japan raising its defense budget for a six time since 2012. today, the defense chief of japan and the u.s. discussed fending off north korea. ♪ emily:today, the d