if hong kong fails to get alibaba and all these companies, hong kong will be a sideshow.kong. i have been around 30 years in this area. every time they project hong kong is dead, it comes back from the ashes. i hope in my lifetime i see hong kong back as a financial sector. there is a spat between the fcc in the singapore exchange. they have been rivals. hong kong says, that is insulting. francis: that is insulting. [laughter] david: how does hong kong stack up against singapore? has a bigong kong advantage over singapore in that the size is 10 times bigger. now the danger is that shanghai is taking business from hong kong. that is the biggest danger. david: you sort of say that with a smile. francis: [laughter] -- young guys david: lovely, francis. and stephen engle, joining us. wendy more coming up. this is bloomberg. ♪ haidi: this is bloomberg markets: asia, i am haidi lun in sydney. anthony scaramucci says president trump's pick for his new economic adviser is "a home run." he says larry kudlow has the experience and qualifications, and the partnership will last a lon

there was the growth of this hong kong identity and there was the people who identify with hong kong sees hong kong should not be mixed together with the influences of the mainland but this is against the reality because the two places are interconnected economically and socially and culturally so i think that that's what i meant by the all the contradictions which i mentioned on the one country two systems a very interesting speech here and a long time to join us from hong kong. government and russian air strikes have killed forty people of sas and injured dozens in rebel held. women and children are among the latest victims near fence of today the last remaining rebel stronghold in a serious candidate or government forces have made significant gains in their battle to see. the orange stripes here just how much territory the rebels had on february eighteenth that's when the government stepped up its offensive three weeks of heavy bombardment later and you can see the rebel stronghold has dramatically shrunk more than one thousand people have also died as a result as a bashar assad's

and hong kong tops the list. flats there can cost an astronomical 21,700 euros per square meter, which leads to harsh living conditions for the poor. reporter: their home is a cage -- seven men live in a single room in bitter poverty. they often don't have enough money for three meals a day. mr. leung shows us where he's been living for years. he gets about 500 euros in welfare every month -- nearly half of which he spends on his caged bed and electricity. mr. leung: we are expendable, like trash. we have been cast out. society has given up on us. reporter: their only ray of hope is lai shan. she visits them regularly and asks how they're doing, what they need, and brings them extra money for food. she works for an aid organization that looks after people living in miserable conditions in hong kong. lai: i think it's very sad and it's also very shameful, because in hong kong, we have huge resources -- and people there are so rich in hong kong. and the government has huge resources. so i think actually the governm

oracles al jazeera live from doha also coming up a major setback for the pro-democracy movement in hong kong's local election. protesters are back on the streets of there's a demand the release of jailed politicians island i'm a clock reporting on the multiple threats to wildlife here in antarctica from climate change to tears in. his carriage a council to discuss plans temperament a ceasefire in syria to allow aid into eastern ghouta on monday terrorists is expected to brief members on the situation in the rebel held enclave three weeks of government bombardment has killed more than one thousand people in a haunted house war. for three weeks the syrian army's bombs have fallen on eastern good while its troops have moved in easing into rebel territory i just thought it was sort of on the level of a bunch of the syrian arab army continue their operations in eastern guta successfully day by day other areas in vast spaces of eastern ghouta are secured. and the last week rebel held territory shrank and split into what syrian state media saying the army had completely surrounded the town of

hong kong time.t 11:00, the deutsche bank chief macro strategist discussing some of the biggest risks facing the market right now. this is bloomberg. ♪ haidi: a quick check of the business flash headlines. a billionaire has resigned as the director of crown resorts, citing personal reasons. the company says it appreciates his contribution to the board and respects his choice to step down. he returned to the board last year after leaving in 2015. his company owns 47% of crown resorts. reports from japan say air asia has discussed buying assets from hna. met fernandes said he has hna and talked about buying some of the groups aviation operation. fernandez also said air asia japan is his current priority, but sees the plan hindered by slow route approval. we are counting down to the open of markets in hong kong and mainland china. how are we looking? rishaad: moving to the upside. .8% in the premarket. yesterday it was a great day for tech stocks. second.that theme and a it was the biggest industry gain

the changing regulations in hong kong and mainland china are going to play a big role.considering a dual listing in hong kong as well as china, and tencent music and entertainment, we heard is considering a dual listing. already listed in hong kong, and the stock exchanges are going to do everything they can to attract these companies and gain -- become global leaders. hong kong has fallen behind in terms of attracting companies and they want to get ahead of the game again. emily: peter, any thoughts or inkling about potential listings that could play out this year? interesting, the big prize -- we have reported that they are leaning towards hong kong as a primary listing, and if they do list in mainland china, they will cap into that consumer demand that gives customers an opportunity to buy into the shares and i could help their valuation quite a bit. it will be interesting to see how that one place in particular. peter and selena, thank you. from netflix to amazon, how did the streaming giants fare? this is bloomberg. ♪ ceo is off to a good start and has seen his wea

hong kong stocks see a downside., the likes of japan, seoul, carrying on from the fang selloff we saw overnight. rishaad: let's get a look at singapore.ei, and investors not impressed by the renegotiated trade deal. president trump doubling the amount of cars koreans will import into the country. cars imported into korea are from the united states. the indian the futures contract suggesting a decline. what is going on in the rest of the continent? domino's eating into mcdonald's, the golden arches caught in a's that with of the franchise. than doubled due to a surge in online orders. ls a little about the rivalry in the fast food market -- tell us a little about the rivalry in the fast food market. has been alleging this issue of food quality [indiscernible] they are alleging there is no problem for food quality, everything is intact. mcdonald's, india is one of the most important markets for them. is the situation when it comes to mcdonald's franchisees? >> there are two partners for mcdonald's in india. [indiscerni

i am david ♪ ingles in hong kong. betty: i am betty liu in hong kong -- in new york.is a investment strategist at mainstay. and joining us also is kathleen hays, who has been watching the reaction to the fed. david, i know you were on your way here. i don't know how much you got to see of the powell press conference. but what did you make of what he said today? david k: the statement referring what we know,ed we have a strong economy. if you look at the fed rate outlook for this year, next year, whether we get three or four hikes is this year, we know what the path was higher. betty: was it clear to you? one found at the comments from powell quite unusual, were his words. you have the expectation of three rate hikes, but the and 2020 seemed not to coordinate with the forecasts being put out. david k.: we are seeing more dovish outlook this year, even more hawkish in 2019, 2020. was aas interesting too statement that stocks and real estate prices in some areas may be stretched. it goes back to when a fed official talks about stocks, they rarely say they are undervalued

tencent as we know, is already listed in hong kong.hanges will do everything they can to attract: companies, to become the global leaders. hong kong has fallen behind in terms of attracting companies like new york, and they want to get ahead of the game again. emily: peter, any thoughts or how the potential listings could play out this year? peter: it is interesting, the big prize will be for xiaomi this year to riyadh we have reported that they are leaning toward hong kong for their primary listing area if they were to list and mainland china, they would also tap into that can he were demand and give customers for xiaomi an opportunity to buy into their shares. it can really help their valuation of it, so it will be interesting to see how that lays out. emily: peter and selena, thank you. coming up, from netflix to amazon. how did the streaming giants fair on the biggest night of hollywood? this is bloomberg. ♪ emily: netflix ceo is off to a good start and has seen his wealth rise 47% this year to a record $4.1 billion as of friday, e

hong kong and china as well.this be the opportunity for investors to get? most.spi sinking the let's check on the korean won and currencies. the won at a three-week low. and aluminum tariffs take place this friday. check out the aussie dollar climbing as the greenback is faltering. test,ight be put to the given exposure to the global economy. and a tumble in iron ore futures. steel, really taking a beating in shanghai, along with copper and aluminum. i want to show you some of the movers in the region when it comes to stocks. when it comes to the leaders in the region, not much to make mention of. let's take a look at what is leading the drop in asia on the regional benchmark. u.s.,its exposure to the it provides products to 50 consumer products companies in the u.s., including walmart and jcpenney. there was always going to be one in the crosshairs. let's get to paul allen with first word news. >> in japan, inflation halfway to the boj's 2% target. consumer prices excluding fresh fruit -- fresh food rose. the ba

yvonne: i am yvonne man in hong kong.ays sponsors of ipo's in the city have been extremely reckless, indicating more penalties are on the way after unit was hit with finds. they will announce the results of an investigation into 15 companies in the next six months. tom atkinson says the commission wants to hold individuals accountable as well as firms. betty: aviation regulators and china asking airlines owned by the hna group to pay overdue bills, including fuel and airport fees. they are demanding payment, even though further action has been suspended to not disrupt flights. was told to pay all of its fuel arrears, or be sold off. expectationcartel's for growth for a fourth consecutive month. that suggest the flood of new construction is undermining its efforts, along with russia, curbing the global glut with output. planning tort expand its grocery home delivery service from six u.s. cities to more than 100 this year, as a food fight with amazon heats up. uber, a $10 service fee. part of walmart's pushed to persuade in

hong kate —— hong kong are interested to buy the shares it doesn't own the toys "r" us asia franchisery much. moving on now. to india, which has set itself an ambitious target. by 2022, they want to insult renewable energy capacity and that is four times more than the country is four times more than the country is currently out. the sources for renewable energy include wind, water and the sun. while the push of the two business opportunities for these industries, it is an uphill task or solar panel produces. it is meticulous work. 36 of these cells need to be strung together to make a working solar panel. with the government mandate and rising demand for clea n government mandate and rising demand for clean energy, many will think that means bright prospects for the solar industry here. but businesses are struggling. we are making good quality solar panels. the toughest thing we are facing is from the low quality imports of solar panel and components from the neighbouring countries, particularly in china. china, malaysia and taiwan supplier the majority of solar panels to india, which

other problem in hong kong. >> right.ency to defend the currency peg. maybe the chairman will lose more reserves than originally expected. if you are a young person in hong kong hoping to buy a home, or if you are the government, knowing that everyone is mad at you for how high home prices are, this could help correct the prices. peg, weof the currency have no independent monetary policy. you can enact new taxes, you can have other measures. it is really hard to solve the problem of the world's most unaffordable property market if you do not have rates rising. if theally could happen hong kong dollar keeps weakening. haidi: thank you so much. let's get the first word news with paul allen in sydney. paul: president trump calling on rates to adopt red flag laws to let authorities take guns from individuals deemed to be a threat by the court. it will launch a commission to examine school safety and health to train school personnel who volunteered to carry weapons. the white house says the proposal, after weeks of talks after

but the details of the proposed summit with came junk only remain vague and voting is underway in hong kong for by elections that test the strength of the democracy movement plus. on the clock reporting from an expedition out all to go all the effort to turn the vast and remote weddle sea into the largest protected area all. syrian government forces have made significant ground in their battle to take the last remaining rebel stronghold near the capital damascus for the past three weeks they have been pounding eastern go deaf from above killing more than a thousand people in the process according to the syrian observatory for human rights now grand forks have advance into areas between the main towns of duma and have roster that has cut off the main rebel supply line the government also says it has full control of misrata cutting off another key vote to duma and splitting the enclave into three alan fisher has more from the turkey syria border. all syrian government forces have made big gains in the last twenty four hours they're still facing resistance. this video from josh al islam c

david: david here in hong kong.encroach upon freedom of speech in singapore. is this an attempt to restrict freedom of speech in the country? the minister that i spoke with yesterday was adamant that that was not the case. what singapore is trying to do is protect the integrity of information that we see and and that false information undermines democracy. what they argue they are trying to do is protect what we see and read online, to ensure what we see and read is actually true, and by doing this, they are strengthening democracy, strengthening free speech itself. david: what is the implication of business? companies out of singapore, should they be concerned? does it affect the way these companies do business in the lion city? jason: yes, i think they probably should be concerned. they are already expressing those concerns. a lobby group here that represents those big tech companies like google, facebook, apple, they are proposed to the inquiry beginning today. they proposed they be allowed to adopt a softer regu

and become the global leaders here in hong kong.eally fallen far behind in new york in terms of attracting these companies and they really want to get ahead of the game. do you have any thoughts about how the listings could play out this year? >> it is interesting, the big prize will be xiaomi. we have reported that they are leaning toward hong kong as their primary listing but if they do list in mainland china, they would tap into that consumer demand and give customers an opportunity to buy into the shares and it could help their valuation quite a bit. it would be interesting to see how that one plays out in particular. thanks to bloomberg's peter and selena. i have, we will send down with diane greene. how they are doubling down on innovation. all episodes of bloomberg technology are now live streaming on twitter. check us out at 5:00 p.m. in new york and 2:00 p.m. in san francisco, this is bloomberg. ♪ ♪ >> welcome back to the best of bloomberg technology. back to our coverage of international women's day. diane greene has been

you look at the hong kong dollar.every now and then you have to talk about it, and this is one of the times. the other story, when you look at markets, it is a great day weather-wise. decent pop in the index. there's not a lot of volume still, so we have not gotten that back yet. lack of a trend, lack of a streak, so hard to get excited, but why not? david ingles here in sunny hong kong. haslinda: and i am haslinda amin in sunny singapore, and you are watching "bloomberg markets: asia." a quick check with paul allen in sydney. paul: japanese finance minister taro aso is coming under pressure to resign over a widening scandal about favors to a school with links to shinzo abe. a lawmaker says they have a report from the finance ministry admitting sales records of public land were altered. stocks pared gains on concerns the scandal could derail japan's economy. calling onrump is states to enact so-called red flag laws to enable authorities to take away guns. -- thell also begin proposals come after weeks of talks since t

peter: hong kong is trying to get more attention.lly, they have not allow the shares you have seen that many u.s. tech companies, including some foreign companies listed in the u.s.. they are competing aggressively. you cannot have dual listings in hong kong and china, and the u.s. and china. emily: there are some big asia tech ipos of the pipeline tencent music, how do we expect , those companies in particular to proceed? selena: changing regulations in both hong kong and mainland china are going to play a big role in what they decide. they are considering listings in hong kong and china. tencent music is also considering a dual listing. goingstock exchanges are to do everything they can to attract these companies and gain and become the global leaders here. hong kong has fallen far behind new york in terms of attracting these companies and they want to get ahead. emily: peter, do have any thoughts or inklings as to how the potential listings could play out this year? peter: it is interesting. .he big prize will be xiaomi they are l

right now, hong kong is competing to draw more attention.rically, they have not allowed the dual class shares you see at many u.s. tech companies, including some foreign companies that are listed in the u.s. they are competing aggressively for this business, but you cannot have dual listings in places like mainland china and hong kong, and the u.s. and mainland china. emily: there are some big tech ipos in the pipeline, tencent music, how do we expect those companies in particular to proceed? selina: changing regulations in both hong kong and mainland china are going to play a big role in what they ultimately decide. -- xiaomi is considering a dual listing in hong kong as well as in china. tencent music is also considering a dual listing, and is already listed in hong kong. these stock exchanges are going to do everything that they can to attract these companies and to become the global leader here. hong kong, as we know, has really fallen far behind new york in terms of attracting these companies, and they want to get ahead of the game agai

yvonne: we are live from bloomberg's headquarters in hong kong. welcome to "bloomberg markets: asia." shinzo abe saying that the finest chief should accept responsibility and quit. onid for qualcomm blocked national security grounds. betty: i am betty liu in new york where it is just after eight p.m. on this monday. the race to beat goldman sachs, kno no news yet on when lloyd blankfein might resign. china says, a trade war is no good for the world. ♪ yvonne: betty, we have been hearing president trump talking tough on trade. that certainly enhances all of this. the big question we have been talking about today is what is going to come out if the super regulator of the pboc, as they merge underneath the central bank. betty: that's right, that is a news but not entirely unexpected. we knew that the government was looking to give the more and more power as it tries to tackle this debt problem -- the pboc more power. looking more and more like the central banker in many ways, to the world -- at least to the region. all of this coming at a time when w

kong's affairs former colonies macau and hong kong are the only territories in china where the public can directly vote for their government but many here say with beijing becoming more intrusive and pushing for more integration with their. to china voting is increasingly regarded as something that matters less than the pollen are just their own hong kong. and syria government and russian air strikes have killed forty people on sas and injured dozens more in rebel held eastern women and children are among the latest victims of the offensive to take the last remaining rebel stronghold in syria's capital. where government forces have made significant gains in their battle to see. the orange stripes here so just how much territory the rebels had for break the eighteenth that's when the government stepped up its offensive three weeks of heavy bombardment later and you can see the rebel stronghold has dramatically shrunk more than one thousand people have also died as a result president bashar assad's troops have advanced into areas between the main towns of doom and harassed that has cast

seen in hong kong has been sizzling.rities regulator devon enthusiasm after ubs was slapped for 18 months. david: full on sugar. this month, looks like it is sugar. thank you so much for that. let's get you an update of your first word news. here is paul allen. paul: they say the group used a team of traders with more than 300 different accounts to manipulate the accounts. penalty, -- they say s almost sixi times as much as they earned. diplomats fromf -- u.k. is shortsighted and according to russia. the expulsion is the biggest since the cold war. the u.k. has cut high-level contacts. the u.s. senate has passed legislation to ease constraints on smaller banks, giving the finance industry its best chance yet of rolling track rules. the bipartisan bill freeze smaller lenders from some of the tougher requirements. it raises the asset threshold. that subjects them to fed supervision. the european union and is questioning the rationale between trade tariffs. the trade commissioner says they will seek an exemption and prepare

kong's affairs former colonies macau and hong kong are the only territories in china where the public can directly vote for their government but many here say with beijing becoming more intrusive and pushing for more integration with their. china voting is increasingly regarded as something that matters less and less palin arjun's there are hong kong. north korea has promised to hold missile tests ahead of the meeting between its leader kim jong un and the us president that's according to donald trump who is speaking at a rally in pennsylvania he praised china and south korea for helping filter's dialogue with the north has been no official comment from kenya on the proposed meeting no protests mike hanna has more from washington d.c. throughout the day president trump was upbeat about the proposed face to face meeting with the north korean leader he tweeted about phone calls he made with various world leaders including the prime minister of japan the president of china the president of france getting international support for this unprecedented meeting also in the course of the day h

and hong kong police have detained a number of protesters as. the legislative council elections the election is seen as a test gauging reaction. increased interference in the city's governance. refugees have fled to djibouti to escape the fighting in yemen or three years after the coalition first launched airstrikes against the rebels. and most of the country. reach safety in djibouti the struggle for survival continues with food and food in short supply has more from the port town of. its food distribution. in the. the law mohammed of the law has just picked his family's food a location for the month he came here two years ago when a missile hit and destroyed his house in whole south and yemen now a mother who had a hand look at the shooting the massive given us there won't be enough for my family or even five days a situation is really bad. apart from the legal regimes people here also complain of conditions of the come. the sweltering heat and ferocious sun hardly been many away this is a place where many don't want to stay for long at one po

i am yvonne man in hong kong. -- this is "daybreak asia." i am yvonne man in hong kong.of the e.u. has tilted to the right eurosceptic,ort of anti-immigrant voters. ramy inocencio joining us now. matteo renzi stepping down as the defeated leader. ramy: when you take a look at the election results, they only got about 23%. less than 23% of the total result. this is the worst showing for the central left coalition in history. it is no surprise that matteo renzi is saying timeout. take a look at what he actually had to say. >> it is obvious as a consequence of this result, we the leadership of the democrat party has -- ramy: renzi is out. the big question here is who is in? no one knows. we have a few weeks at least of horse trading. let me get you back up to speed on where we are in terms of the vote shares that have come out so far. you can see on your screen, 37% is the, clearly shifting across the aisle. the five-star movement, the eurosceptic populist movement, is getting 33%. the centerleft coalition that i told you about just now, matteo renzi and his group, 23%. the

voting is underway in hong kong that test the strength of the democracy movement. underground reporting from. the remote. syrian government forces have made significant gains in their battle to take the last remaining rebel stronghold near the capital damascus the yellow lines here shows how much territory the rebels held in eastern on the eighteenth of february that's when the government stepped up its offensive three weeks of heavy bombardment later and you can see the rebel stronghold has dramatically shrunk and more than a thousand people have died as a result of president bashar assad strips have advanced into areas between the main towns of and had asked for and that's the main rebel supply line without them and also says it has full control of cutting off another key road to splitting the enclave into three alan fischer has turkish syrian border. well syrian government forces have made big gains in the last twenty four hours they are still facing resistance. thanks this video from josh al islam claims to show regime forces being pushed back but they have sur

hong kong is a pa rt stock markets wanted. hong kong is a part of that race.t is interesting it has been delayed. that is right. not only hong kong, york, london. —— new york. saudi officials, apart from the valuation, they have been split on whether to list it overseas. some said london had a good chance of securing the listing. other officials have shown ambitions to list in new york. they hope us officials will make regulatory concessions for a deal to materialise in the big apple. others have said the royal court is trying to make a solution with asia. at least in hong kong. they could play a major role in the investment. if they all cannot agree, a private sale to strategic investors has been another option under consideration. as you mentioned, saudi arabia wants to sell 5% of the world's largest oil producing company. this is part ofa oil producing company. this is part of a programme driven by the crown prince, mohamed bin salman. at the moment, there is a lot of indecision from riyadh, but sadly, if and when aramco lists on any of these foreign exchan

right now, hong kong is competing to draw more attention .cally, they have not allow the dual class shares you see at many u.s. tech companies, including some foreign companies that are listed in the u.s.. they are competing aggressively for this business, but you cannot have dual listings in places like mainland china and hong kong, and the u.s. and and maine -- and mainland china. emily: there are some big tech ipos in the pipeline, tencent music, how do we expect those companies in particular to proceed? selina: changing regulations in both hong kong and mainland china are going to play a big role in what they ultimately decide. one company is considering a dual listing in hong kong well inch -- as well as in china. tencent music is also considering a dual listing, and is already listed in hong kong. these stock exchanges are going to do everything that they can to attract these companies and to become the global leader here. know, has as we really fallen far behind new york in terms of attracting these companies, and they want to get ahea

are very uneasy about what is happening earlier on today i spoke to willy lam a respected analyst in hong kong and he said that what she jingping had done was to basically carry out a bloodless coup and that he had hijacked not just the party but also the country and he was quoting a number of intellectuals that he'd been speaking to well i'm sure those intellectuals are not going to go public with those comments in the current environment in china all right a.j. and thank you for that adrian brown there correspondent live in beijing now china has a rich history that dates back thousands of. years but it's the modern day leaders who made the most significant changes mountie tone wielded power of the communist china from its foundation in one hundred forty nine until his death in one hundred seventy six dung sharping emerged as his successor in the years of followed and was recognized as the most important leader despite never formally holding the top position and it was during the dung era that restrictions were imposed on future presidents jiang zemin took over in one thousand nine hundr

voting is underway in a by election in hong kong where pro-democracy activists to win back veto power in the legislature police detained a number of protesters outside the polling station where the city's leader cast her ballot election is seen as an indicator of public sentiment about beijing's increased role in the city's governance and you learn as hong kong's former chief representative to the u.k. he says the byelection exposes the contradiction in the so-called one country two systems principle imposed in hong kong since the. so-called democrats are pushing the envelope to do such a big stay in to. for independence and self-determination but that is not a law under the basic law which of course almost the softened he or the one country and of course the separation is a really a red line in the eyes in the eyes of beijing so the two forces are coming all ahead and what is a stake is there where the people. would be able to recapture these four seats sufficient for them to hold a blocking vote in the legislature blocking vote again is oppositions in the minds of the public because

china promised to protect hong in a 1997onomy handover treaty with great britain. the movement took to the streets in 2014 and occupied a central busineness district for more thn two months, calling for an end to political candidates by the chinese government. they failed to win major democratic reforms, and this latest vote is being seen as a sign that beijing plans to keep its hold on hong kong politics. >> now to columbia, where the right-wing party campaigning against the historic peace deal won big there. this was the first time the rebels were able to run for office after the end of five decades of fighting. the right-wing did not get enough votes to take over the country. >> colombians went to the ballot box sunday in the most peaceful election in the country for decades. thanarty performed better expected, but the resurgent right dominated. right-wing parties a are highly critical of a historic peace accord that ended half a century of warfare. ballot, the president of columbia was hopeful about the participation of the former leftist rebels. >> these elect

in hong kong, am rishaad salamat . >> and in sydney, i am haidi lun.lso come, consolidating control in china. a consult -- consultation of power in one person is dangerous. that is what critics say. this is "bloomberg markets: asia♪ ." rishaad: bit of relief taking place, giving a -- given what happened on wall street last week. policy decisions later, from the ecb. the boj is also there in the mix. the court at the and of the week on the united states. haidi: yes, it is almost as if the guitar policy decision is taking itself a bit out of the spotlight as we continue to watch the issue of trade. some optimism that president trump might ring back his most severe of protectionist policies. markets were a little bit uneasy. we had one portfolio manager saying that we are trading on the positivity of nothing but happening. we are about 30 minutes away from the open in china and hong kong. let us go to sophie for a look at the markets. we are picking up some gains along the way? taking our cue from wall street, stocks are being led higher in japan in the r

thank you for joining us here in hong kong.kyo so far, talking about the latest land scandal as well. we are waiting to hear the testimony coming from the tax commissioner. we haven't heard too much yet, but the landfill filed apparently was changed by one ministry of finance department. we're also hearing from the japan cabinet secretary suga --king about a mistreat trip mystery trip from kim jong-un to beijing. they said that they were quite surprised by this. not comment on the report of kim jong-un visiting china, but there are watching it with great interest. betty: let's read, basically declining to comment on this visit to china as you mentioned. they are still gathering information on any kim jong-un visit to china. but as we heard from stephen engle, it could be kim jong-un himself, or his sister, or another senior official. we will likely know after the visit. still more ahead on "daybreak asia."this is bloomberg. ♪ ♪ yvonne: chinese conglomerate hna abandoned the ipo of its group, less than 24 hours before the shares

and hong kong -- if you'll give me just a moment. yes. hong kong as well. senator cassidy: are we seizing illicit counterfeit goods from those areas? ms. smith: yes, we are seizing counterfeit goods. we are also focused on things like fentanyl. senator cassidy: what percent of the -- thank you, mr. chair. what percent of the counterfeit illegal, illicit goods coming through the usps do you feel you're compensating, 5%, 10%, 100%? ms. smith: sir, i don't have an answer to that i think that's what g.a.o. has asked us to look at. we will look at that going forward and try to get that estimate. senator cassidy: ok. thank you. i yield back. senator hatch: the senator from new jersey. >> thank you, senator, for holding today's hearing. the united states is the world's leader in trust and recognized brands, the ones most in demand, the ones that command the best prices and therefore the must vulnerable to knockoffs. that's why protecting our reputation and the investments we have put into it is so important. four years ago families and businesses in new jersey beg

yvonne: i am yvonne man in hong kong.atching "daybreak asia ." >> the fallout from facebook's data scandal is increasing. it is resetting privacy settings on its network. home speakers with video chat capability are being reviewed to make sure they make the correct trade-off regarding user data. it will be reviewed at facebook's developer conference in may. facebook is no longer the top faang punching back. amazon is the new target. saidlunge came after axios president trump upset with regulating the company. it is not the first time he turned his attention on amazon, he accused them of squeezing low prices. boeing said reports it has been hit by one at cray -- one a cry acry ransomware has been over. it only affected a small amount of systems. miss's enterprises will its initial deadline to ship coal from queensland. they began work at the carmichael project after failing to raise 3 billion aussie dollars from lenders. adani will continue to look for funds and expect coal production to be delayed up to a year. india conf

yvonne: i am yvonne man in hong kong.lly be announced monday, five months after governor zhou xiaochuan said he would soon be stepping down. tom mackenzie joining us from beijing for more. there have been rumors about who he or she might be. we are not sure until monday. but who are the most likely contenders at this point? tom: that is an important caveat, we do not know for sure. some names have risen to the top. that has been newly empowered. i will run through some of the top contenders. guo shuqing is currently the chairman of the banking regulator, cbrc, seen as fairly robust in tackling shadow banking. he has had a role in trying to curb overseas buying of assets by the likes of anbang and fosun. then we move on to jiang chaoliang. hobs the secretary of province, almost asei populace as italy. in fact, he oversaw what was at the time the biggest corporate bankruptcy in chinese history. he also served as an assistant governor for the pboc. he has a wealth of experience. the other potential candidate is liu he, who i

kong's affairs former colonies macau and hong kong are the only territories in china where the public can directly vote for their government but many here say with beijing becoming more intrusive and pushing for more integration with their. to china the thing is increasingly regarded as something that matters less and less pollen are just there are hong kong. to serially own now with a second round of voting looks likely with the results from wednesday's presidential election too close to call both of all in all people's congress and opposition in sierra leone people's party on around forty three percent with hof the votes counted candidates require fifty five percent to win outright election itself was largely peaceful but rival supporters clashed on saturday as results came in a runoff poll must take place two weeks after the final results. but it has more many civil unions believe that this election is headed for a runoff with fifty percent of the vote counted that is little difference between the two leading candidates candidate of the ruling a.p.c. party and the biggest oppositio

skilled workers by looking beyond in new borders and as the art of basel exhibition gets underway in hong kong chinese work side increasingly attracting investors interest and cash in a rapidly expanding market. and daniel winter and this is all business update. in one year's time britain will be out of the e.u. investors are confused by rex it economists confounded by it business leaders frustrated they point to u.k. data which is less than perky take a look at last year the euro zone's economy expanded by more than two percent but in the united kingdom g.d.p. rose just one and a half percent now this year british economic growth is expected to slow from that figure because of the weaker forecast investors have switched to cash out of pound sterling its value dropping fifteen percent since the brics that referendum that's making imports more expensive pushing up consumer prices at three percent that is the highest point in five years for inflation now brits have had to borrow to maintain their lifestyle expectations u.k. households debt amounts to one hundred fifty percent of their incom

he fled here to hong kong.e started a plastic flower manufacturer and turned that into a global empire it goes without saying he's been a towering figure here in hong kong his self worth at 35 billion but his footprint has gone global in recent years he's the largest foreign investor in the uk you look at c.k. hutchinson getting roughly 40% of earnings over from the uk's assets, including mobile network, water and electricity firms. in all, li ka-shing has 390,000 employees in more than 50 countries. that gives you a sense of how global his empire has become in the past he tried to reassure shareholders, investors that this will be a smooth transition victor lee coming from a different background he was raised here in hong kong, attended stanford. he has been involved in the deal making for some time, but moving forward there will be questioning about what this transition will look like. back to you. >> certainly will. akiko fujita in hong kong. li ka-shing, considered by many to be the warren buffett of asia.

david: i am david inglesdavid: in hong kong.ll have the market outlook from the asset management joining us to talk about the things you need to avoid as we get through the new trading week. betty: and one of them is looking at the changes in beijing. we will speak with blanchet. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. david: it is an :00 here in hong kong. welcome to daybreak asia. our top stories this monday morning, the asia-pacific has a mixed session. expecting and you head of the pboc. betty: i'm betty liu in new york where it is just after 8:00 p.m. on this sunday evening. more turmoil in washington, reports that

i am rishaad salamat in hong kong. this is bloomberg markets. ♪ rishaad: half an hour to go before the trading day gets underway right here in hong kong. well.nghai as people have their eyes on what's going on right here. this is the scene at the moment in beijing, as we have china setting a 2018 growth target of around 6.5%. did not mention whether they would hit a faster pace if possible, the leadership intensifying its push to ensure financial stability. we have our eyes on this target, released ahead of li keqiang's report to the national people's congress, that gathering you can see there in beijing. we have this 6.5% target, same as last year. the statement did not include growth to be higher if possible in practice. as it did in 2017. all against this backdrop of she jinping intensifying his push to curb pollution and poverty and deal with debt, all at a time when this economy is on a long-term growth slowdown. we have that. we will be visiting beijing through the course of "bloomberg markets." let's get to the

daniel joins us from hong kong for more.ong pictures with a lot of talk about the train yesterday and pictures this morning. what can we see with the comments? give us the significance of what we have learned. daniel: they weredaniel: they wn the sense he confirmed he would actually meet with trump. ever sincedaniel: they were sign the sense he confirmed he would actually meet with trump. ever since trump made that announcement, there have been questions on whether kim actually meant that gives kim a little insurance policy. john bolton is the new national security adviser and the trump administration. a month ago, he was making a case for preemptive strike on north korea. this meeting with xi shows trump that china is right inside here. xi said in the meeting we are going to be friends no matter what happens. so, kim has that to fall back on. china has its back here. manus: thank you very much for the very latest. our managing editor for government. our guest host in london with anna. alan, when you see these theatrical mov

of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook page that's facebook dot com forward slash a.j. inside story you can also join the conversation on twitter our handle is at a.j. inside story from in the whole team here i for one. the scene for us where on line what is american sign in yemen that peace is possible but it never happens not because the situation is complicated but because no one cares or if you join us on set there are people that there are choosing between buying medication and eating this is a dialogue i want to get in one more comment because this is someone who is an activist and has posted a story join the global conversation at this time on al-jazeera. runni

al-jazeera hong kong. francis has made a child's day by giving him a ride on his famous program bale the head of the catholic church restoring some peter's square during his weekly audience. who has down syndrome was in the crowd with his family process saw him stop the pope a bale and invited him to join him on the rest of the journey twelve year old peter is also a cancer survivor having been treated for leukemia three years ago. as a reminder of the top stories here on al-jazeera russia has announced a test for top measures in retaliation to sanctions imposed over the nerve agent attack on a former russian spy in britain more than one hundred twenty russian diplomats were expelled by dozens of countries in a show of solidarity with the u.k. . there will be mirrored measures but not only stopping it that the us ambassador is invited to our ministry where my deputy would deliver him the content of these retaliation rematches against the united states they include the exposion of a similar number of diplom

of the pro-democracy movement and it is feeling rather uncomfortable about hong kong because hong kong happens to be the major source of criticisms against the chinese party regime. all right gentlemen we're going to have to leave it there thanks to all our guests victor gao joseph chang and carrie brown and thank you too for watching you can see the program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook page that's facebook dot com forward slash a.j. inside story you can also join the conversation on twitter our handle is at a.j. inside story for me in the whole team here i for one. they watch. they gather evidence but so can we. and american cyber activists develops and used in brazil to monitor the police. we have more cameras than they do because we're the people. bigger. beeks. this time on a. march on al-jazeera. with potential challengers out of the way egypt's president. is poised for a second time in. a series of short stories that highlight the human triumph against the odds as president putin dominates the russian poli