in hong kong. >> yes, the numbers are staggering i think and surpass the authority's estimate, but the organize occupy central movement has been brewing for a long time and large numbers of young people have been mobilized by online forums, social media and a lot of new technology brought into play and a lot of supplies being sent to the protesters, and given the importance of the issue under discussion, you know, how to elect the chief executive with the young people's aspirations and emotions high it's not surprising after all. >> reporter: not surprising after all. now, you were involved from your position on a very controversial security law on which the hong kong government attempted to push through known as item 23 and ultimately failed in getting through and brought out hundreds of thousands of people protesting against the introduction of that article. i just wonder, in the time since you were spearheading that to now do you think that the government should be listening more closely to thes

so xi jinping is probably thinking as he analyzes hong kong, how i address and answer hong kong willn large measure probably have some connection with how i address similar circumstances in the next 10 years of his leadership. >> the way he addressed it not only on the international stage but also domestically, you look at some of the statements made soundnese state media more hardline in terms of calling for the police forces to respond very quickly and the hong kong population to support it. certainly if you are in china today, you are getting a very specific and limited view of what is happening on the ground in hong kong. is that a mistake? does he needs to back -- need to back away from that if compromise is where we need to go? >> compromise will have to be part of it. but you have to get back to his leadership model. he established himself not as a group participant with the standing committee, whereby you arrive at a conclusion after ruminating on options and compromising and giving and taking, which is traditionally the chinese leadership model at least under the last two le

situation. >> reporter: do you think you have the support of hong kong or most of hong kong?i think so because business is just one thing but if we -- what we are hoping for is true democracy to vote for our own people, not a person decided in hong kong and chinese government and, yes, i hope the businessman will understand this. >> reporter: thank you very much for joining us here. calvin, one of the tens of thousands of student protesters who have led this pretty much from the beginning. errol, it has been a focused on the younger hong kongers but you're seeing a wider cross section. another public holiday tomorrow. a lot saying if it goes on for another week or so that there could be a reaction within hong kong because of the business lost here and because hong kong is such a pragmatic place and such a business oriented city. errol. >> yeah, and it's interesting that protesters saying he's ready to stay there at least a week and i know they've had supplies, they've been buying groceries, people have been volunteering to clean up. these students are well prepared to stay th

how he chooses to deal with hong kong going forward, suffice it to say hong kong as opposed to, you know systems approach that designed with margaret thatcher as they were developing the basic law back in the eighties and nineties, it is looking more like one country as opposed to two systems, one country. but what is inside xi jinping's head as all of this plays out, you have to remember that, you know, xi jinping has a much different relationship with hong kong than his predecessors did so he was a party secretary running shanghai not long ago, a major economic competitor with hong kong. so he saw hong kong very much as a rival, and probably full of troublemakers and high school gallons for the most part and then you dig a generation deeper than that and xi jinping's father, swoon as the story goes was responsible for hong kong under moo a say dong and that's when the british and other parties were running subversive operations out to the mainland and so there was indeed a black hand .. behind all things in hong kong back in those days as seen by beijing, and so i suspect xi jinping ba

all they have to do is propose to hong kong something acceptable to the majority of hong kong. if it meets the majority of the hong kong people, which is to have a reasonably good government that listens more or less to their needs, then it can buy stability for hong kong for another 10 years. >> thank you, we believe it there. back in a moment. we will talk to congressman paul ryan about the republican party and his own future. stay with us. ♪ >> paul ryan is here. he is house budget committee chairman and also ran as republican vice presidential candidate alongside mitt romney in 2012. he has new thoughts on poverty, conservatism, and renewing the american idea. he explains them in a new book, "the way forward." where does this come from? you wrote a book, how many years ago, that has similar ideas. >> this comes from my own experiences growing up, it is part memoir, part why i am who i am, why think the way i think, and the environment i grew up in and how it shakes me and gave you real appreciation for the american idea. and then it's also a description of two different gov

>> i think at least we can change hong kong people's mind. ple still think that this movement is damaging the economics. and i think this movement shows our determination. and i hope we can touch them and let more hong kongers to come out and fight for true democracy. >> were you surprised by the hong kong police action with the pepper spray, the tear gas? did that surprise you? >> yes, really. because this is not this is not fair decision for them to use such weapon because we are just sitting here. we are peaceful. we didn't do any -- >> actually, i'm not surprised because i know what they should do. they are ordered to have this action. so i'm not surprised. >> yeah. i have never seen this before. so i am surprised. >> some voices there from the streets from these protesters. this is now a defining moment for hong kong students, for these students who have been down here as we go into our fourth day. they have achieve sod much. they have brought this issue of democracy to a -- to a level of public discourse, to a point where beijing is bein

demonstrations in hong kong. thigh. the success of the mass protest boils down to communication. and hong kong is a case in point. so when it spread that the government might turn off mobile and internet success, demonstrators turned to a different technology. one is called fire chat. it's a mobile app which works like this. in a typical telecommunications network, the central system control, cellular and internet service, if the government pulls that central plug, the commuter has a connection, for the forbid so nearby devices talk directly to each other through the internal connection, the blue tooth. and it can be used further away with a chat room network. it was designed for situations in which wi-fi and mobile connections. such as at a concert. >> it's a tool, and had we known about hong kong before, what would change? well, probably a few smaller things have changed. but with the products, it would be the same product. >> in the course of just 24 hours this week, fire chat was downloaded more than 1,200,00

how loyal does hong kong feel towards beijing. several thousand using the opportunity to come along to occupations such as this one, and it's nighttime here. the numbers are dwindled but they're expected to pick up again as thousands of people continue this demonstration. as we come into thursday we're approaching a deadline set by the organizers of this campaign. somewhat out of frustration that there has not been a positive response by the hong kong authorities. they now say that unless the hong kong leader resigns, they will start occupying government offices. that now takes the level of law breaking to a very different stage. it's a far more serious offense to be forcing your way through government office here awaiting to be removed than sitting in a public space as they're doing at the moment. it will also pose as the prospect to return to the kind of violent clashes that we saw a few days ago with riot police or security guards. this chain forcing away supporters. many thousands of people have taken to the streets precisely

from the point of view of people in hong kong, born and raised in hong kong. very much a dilemma that the hong kong people are operating under. thehould note that pro-democracy movement has not really been a movement for independence. thaty that i have heard of is demonstrating has been asking for independence. matter of how to manage the relationship well so that oath entities -- so that both entities can thrive well. >> i want to thank both of you -- all of you for helping us understand this better. cindy, the author of "china on the move." societye, the asia senior. southwest airlines has a new logo and a new look. you will meet the ad man behind the love at southwest airlines. ♪ >> this is "taking stock" on bloomberg. i am pimm fox. it is not just about getting the account. it is also about earning the company's trust for real relationships. the austan, texas-based firm was started by a bunch of college grads in 1971. instead, it has built relationships with some of the biggest brands in the world, such as john deere, marshalls, walgreens, and southwest ai

and hong kong. >> 1,400 u.s. berms are situated in hong kong. u.s. companies enjoy the city's business environment, legal system, low taxation. solid infrastructure and over 60,000 u.s. residents live in hong kong. last year, u.s. private service trade totaled $64 billion. u.s. exports to hong kong totaled $51 billion. while imports from hong kong to the u.s. totaled $13 billion. a $39 billion trade surplus. china's communist party accused the west of abetting the protest. the party's main newspaper claims that the activist in the streets of hong kong have support from quote, unquote, antichina forces in the uk, in the u.s., and call them a quote, gang of people with western democracy. unquote. secretary of state, john kerry, met with china's prime minister on wednesday and said this. >> and as china knows, we support universal suffer raj age in hong kong. we believe in a high degree of govern by law and we have high hopes that the hong kong authorities will exercise restraint and respect and the protester's right to express their views briefly. >> f

hong kong's economy will be effected.e have seen the hong kong dollar slide, and the [ inaudible ] go down as well in the last four days, so the business community is certainly very concerned and they want an end to these protests as soon as possible. >> thank you very much. >>> still ahead on this al jazeera news hour, sensorship is blocking the message in hong kong from reaching the mainland, but how are chinese leaders reacting. >>> and we'll meet an ambulance driver in liberia. >>> and find out why this indian boxer was so upset that she refused to wear the medal at the asian games. ♪ >>> the former bosnian serb leader has said he is next at his trying at the hague. he is charged with 11 crimes committed during the bosnia war, including genocide. he is accused in the massacre in which more than 8,000 muslim boys and men were killed. the trial at the hague has taken five years. >> translator: since the distinguished prosecution lawyer has no evidence, he has chose to tarnish my personality. he called me a liar and a mo

in hong kong, in fact and, bring in michael davis he's a professor of law at the university of hong . so our reporter, michael, giving us a sense of what is going on in hong kong and specifically outside the chief executive's headquarters. what are his options right now in. >> well, obviously they are threatening him with -- that he has to resign. no one really expect that he will resign. he will resign if beijing tells him to. and the last time achieve executive got in this kind of trouble, was the first chief he caexecutive was with the first demonstration over article 23. and he did resign because beijing macon clued that this chief executive is not handling situation well. but typically they wait a year or something. so this is not going to satisfy the protesters. so then the question is, what are they going do? >> so what do you think is going to happen next then? >> well, what i suspect is they are going to be out there, but unless they are going to charge the policemen or lock doors, because today is actually a holiday there, if they are not -- unless they are going to do that

protesters in hong kong are showing no sign of backing down. they're demanding major roads to demand freer elections. if the chief executive does not resign by thursday, they will grow in size. families and elderly people observing holidays joined in outside the hong kong government building. they're rallying against china's decision to limit voter's choices in a 2017 leadership election. strau >> translator: we must stand up and teach younger generations what democracy means and what real freedom means. >> hong kong's chief executive spoke at a ceremony to mark china's national day. >> i know there are different ideas, but a direct election is definitely better than an indirect one. >> they have not responded to protester's requests to meet with them. they're demanding he step down. >> we hope that he'll resign by tonight or by thursday. otherwise, we'll escalate our protest movement and occupy or surround different government buildings. >> protesters say they won't leave the streets until the demands are met. they say they're mobilizing more

of hong kong. the chief executive of hong kong was nominated by beijing. picked by beijing and the hong kong people don't feel he is representing their interest. in particular, beijing had promised that the next chief executive would be elected through universal suffrage, and beijing is not keeping its promise. it has laid out some rules that say that beijing will pick the candidates that the hong kong electorate can vote for, therefore screening out any candidate that beijing doesn't like. the hong kong public doesn't like it. hong kong citizens don't like it, and the result is the protest we are seeing today. >> what is the risk for the chinese government in beijing? >> beijing i think has been quite tone deaf to the demand of the hong kong people. it is a conflict about the governance of hong kong. the hong kong people want to maintain their way of life, which is different from the mainland. hong kong has a high degree of autonomy. it has the rule of law. it has a free press, freedom of expressi

could that hit hong kong?ink it obviously very much depends on where the situation in hong kong goes from here. if the situation is resolved in the next week or few days, then i suspect things will get back to normal pretty quickly. but the longer the protests go on, i think hong kong's state as this gateway to china may eventually come under threat. some of the advantages that hong kong has, such as rule of law, a transparent legal question coming into question as well. >> okay, great stuff. we really appreciate your thoughts and input there. follow me on twitter. you can tweet me @bbcaaron. i'll tweet you back. and that's it with the business. >>> we have some breaking news to bring you now about the first person who was diagnosed with ebola in the united states in dallas, texas. thomas eric duncan is in isolation, but health officials have been trying to contact everybody who has been in contact with him, and we are now hearing that 80 people have been in contact with him at some point. this is coming from

joseph chen talking about hong kong and the need to fight for hong kong's culture, identity and democracy thank you. >>> thousands of people have been demonstrating in taiwan in a show of support for the rallies in hong kong. you see here the demonstrations in taipei, the capitol. they urge them to live up to its pledges or risk alienating the public there. >>> still to come, we'll meet an ambulance driver in liberia. he has not been given enough protective gear himself. >>> and we'll find out why this indian boxer was so upset that she refused to wear her medal at the asian games. ♪ >>> let's look at ukraine, where witnesses say they have found six more bodies on a street not far from a school that was hit by shells. at least four other people were killed in the playground in donetsk. no children appear to have been hurt. donetsk has seen heavy fighting between ukrainian forces and pro-russian separatists. >>> two suicide bombings in afghanistan have killed at least seven soldiers. this is just a day after the government signed a deal with the united states to allow its forces to remain

one of the occupy hong kong leaders is saying, we would be satisfied if the hong kong leader resigned. others are saying, we want to go to see a change of stand in beijing. what do you think is achievable here? >> i think a precedent. the students leaders who have been pioneering this movement, of course they have to stand very firm on the two demands. resignation of the leader, and rejection of the national people's position with regard to political reform in hong kong, which has been denied hong kong's right to true democracy. i think they know and they appreciate that there must be other people seeking to achieve something for the time being, so that they can claim a temporary victory and retreat with dignity, to enable us to buy more time. >> so is this splintering this protest? >> no, but i think it's very, very dynamic, very complex. there may be different voices. but there's one thing most important. the people outside, they are impressively restrained and reasonable. they are not listening to hate of any people. telling them, you go, and then they will go. you stay, and they w

but here in hong kong, a lot of focus is on making hong kong run smoothly. there is some opposition, but you saw today and perhaps a few hours from now, there was a much broader sway of society, the community joining in with the students to show their support coming down here, sitting quietly. just to show their sol lairty for this. at this stage, the momentum is definitely with the protesters. if this goes on for a week and the economic impact becomes stronger and stronger, that support could start to waiver. >> which is what beijing could be counting on. andrew stevens, live there in hong kong with the very latest as we tick down to that ultimatum, just a couple of hours away. it's not a hard deadline, something like at the stroke of midnight they're going to rush into the government buildings. these things tend to mott mutter along by themselves. >> if it doesn't happen, it probably won't happen in that deadline, but it may happen just after that. we'll take a very short break. next here on cnn, the head of the u.s. secret service has resigned after comin

asia on hong kong. coming up here on the program -- giving corporations the boost as far as the budget goes, heading to kuala lumpur to dissect details. >> officials have been assessing weak global growth and the could affect the american recovery. they may postpone rate hikes if the world economy doesn't pick up steam. speaking at the i.m.f. annual meetings in washington, other officials echoing concerns about the economy's ability to with stand foreign weakness and strength of the dollar fpblet on the other hand, i.m.f. in beijing saying there's no need to worry about china's slowing growth and the economy. people's bank of china saying the country needs to maintain what it called prudent margin policy amid-steady growth and mild inflation. for more we are joined by the chief asia meerging market strategist of jpmorgan. nobody would advise imprudent monetary policy, would they, sir? >> i always like those statements. it does not really tell us anything, does it? >> absolute wonderful benality. but it'

hong kong and the pro democracy protests there.s those protests are illegal, but with no riot police inside, it appears authorities are just waiting for the students to get tired and perhaps go home. the protesters say they are staying put, though. >> meantime, those who are from the mainland and are visiting hong kong have been sharing their views about the protests. one of them did not want to be identified for fear of a backlash back home. >> i'm very worried about the safety of my friends. and i also want to experience this moment for democracy. >> translator: i support the students struggling for democracy and freedom. they're not afraid. >> i saw people turning the chinese flag upside down. we think it's disrespectful. >> i think the hong kong people are of a high quality. they're very polite and they don't get in the way of our shopping. >> translator: many of us came here for a holiday from different places. a lot of us came to shop. it's very inconvenient to walk around. >> okay, it's not just about the shopping, is it? ro

hong kong.tic exports are basically zero for hong kong. it is all about the flows. these flows continue to go up and up. they will continue to go up and up. when you are putting a germany on the map every 3.5 years, and it is getting shorter and shorter, the flows are going up and up. hong kong is taking advantage of that. what about indonesia? joko widodo is coming into power. of course, the work begins today. what are the challenges for indonesia? >> the same challenges they have always been. try to get investment going. from our perspective, we would like to see more of a structural shift towards manufacturing, less on, these, but it is these reforms they've been working on for years. huge foreign outflows when the opposition to the parliament. >> indonesia has always been one of the more volatile regions. korea and indonesia are always top of the list. that is why we would like to see more of a shift towards manufacturing. it is more stable. it generates better income. that would be good for

important from the point of view of people from hong kong born and raised in hong kong.ilemma theuch a hong kong people are operating under. we should note the pro-democracy movement has not been for independence. of who isave heard demonstrating has enacting for independent. -- has been asking for independence. it is really how to manage it so both entities can thrive. >> i want to thank you for helping manage this better. and of course the asia society senior fellow. coming up, southwest airlines. they have got a new logo and a to meet. you are going the ad man who is the hind it at southwest who -- who is behind it. justnding big brand isn't about getting the account. it is also about earning trust. it is a real relationship. the firm was started by college grad in 1971. it has built relation ships with some of the biggest rants in the world. stop byf executive recently, teaching me the art of the tagline. >> when we think there is an old traditional idea, which is ladders. if you thought about the airline ladder we have the traditional carriers, the legacy carriers.

and work in hong kong.or your clients who are looking for the outside -- looking from the outside in, how do they perceive this story and how do they -- how does this impact their sentiment? >> we are in cosan communication with our clients. ,> what are they asking you? how much it is impacting the market, whether or not we see it as a disruption to business, how the general market is progressing. we are given a constant read. life picturesng of the protest. it's in the 11th day, second week. most people took the week off. is business as usual, at least from the perception of people wanting to get into work. if this goes any longer, do you think that will -- that impact will it infringe on your outlook? >> we have been focused -- that clearly has had a significant impact. we have done some projections suggesting it could be as much as 0.3% of growth. see a prolonged period of inability to access the retail sector, it will hit property prices as well because people cannot get to the new developments. at the

the hong kong government. the promise of dialogue will reduce the number of protestors which encouraged the central government. earlier we spoke with our reporter in beijing and asked them what steps china's central government is taking. >> the beginning of protest in hong kong, the media ran little coverage of them. in past few days it has clearly increased. it coincides with the decline in number of protestors after the government agreed to hold talk as with them. fewer protestors and antigovernment demonstrators is a part of people's daily lives. these message presents a stance of the government. the government had held the position. predemocratic elections soared in line with the mass protest. >> translator: the situation in hong kong is a domestic chinese issue. we have been opposing outside intervention in hong kong or china. that stance remains unchanged. >> reporter: i spoke with an expert in political affairs at the university about china's desires. >> i would say the chinese central government will a

this protest is a hong kong protest by hong kong people. there is now a growing sense in some parts of the population here in hong kong. for once, mainland china needs to acknowledge the growing inequality. the gap has been there many years and gone ignored by china and now time to voice those concerns as well as the calls for democracy and universal suffrage when it comes to enabling hong kong people to elect their leader in 2017. it is as you were saying a national day here today. public holiday which means people have got the day off work, school, college universities today and tomorrow. we're expecting numbers to once again swell in the coming hours. as bbc martin patience has been finding out, it's the will of the hong kong people. >> another sweltering hot day in hong kong. there's been another stunning turnout as you can see. thousands lining the streets here. some of them doing homework. many fanning themselves to try and stay cool. today is a national holiday across china. celebrations have been cancelled here in hong kong because

the roads leading in and out of the financial district in hong kong. protesters are worried about the remaining barriers. , several different roads going to this area. they are spread fairly thin. >> stick around. in the midst of all of this, --g kong chief executive zero chance of beijing giving into the protesters demand. we hope to negotiate to achieve universal suffrage in 2017, but if the precondition is to have nor the basic law of china's decision, the chance for negotiation is close to zero. .> david tweed is with us now it seems like there is no end in sight. it does seem like things are changing. police -- it looks like they could move forward and remain the barricades -- remove the barricades. they are putting on their teargas masks. they're getting prepared for violence. they said they will not employ any violence. it looks as though they could easily be cleared away. it does look as if they could be cleared away. you really have to look forward and think, what have the hong kong students achieved? .nd they have achieved a lot they have a gl

and surprisingly even though beijing has been closed, a blockade on what is happening in hong kong, many nationals expressed sympathy for what the people are fighting for. beijing is anxious to protect a domino effect starting from hong copping, and rolling over -- hong kong, and rolling to the rich cities along the coast. >> thank you professor willie lung from the chinese university. talking about the dilemma that is faced by president xi jinping. >>> let's talk about him more then and get the few from china, where xi jinping promised to safe guard hong kong's interest. it's the first time he has spoken. adrian brown has more from beijing. >> reporter: the forbidden city, the heart of imperial beijing. on a day of patriotic pride, these people know what is allowed and what isn't. no display of support for the hong kong students here. the only show the solidarity was for the communist party, whose rule began here 65 years ago. >> i hope stability and peace will remain in our country. the more stable the better. we don't want to see china divided. >> translation: as a chinese citizen i'm

hong kong recovered on friday. occupy hong kong is in the the 11th day. regardless of how difficult it is to get back to the business of doing business, people are doing yet. does notng kong market react to the protest demonstrations and goes up and down. the u.s. market and chinese markets stay up while they are open. they are closed for national day. on the whole, what we have seen here has no impact on markets that i can see. >> will that change? >> it will change if there are violence in this situation. hopefully, it will not happen. there is a big difference. it is the most peaceful large demonstration that i have ever seen in my long observation of these things. going back to east germany. do with whating to the violence from students and -- it who don't want doesn't make any sense. the chinese official media. >> the reaction really is from u.s. jobs. >> the fourth quarter will be driven much more than it has in the past. i think that we still believe .he japan story u.s. are places to invest. we want to stay from europe and the u.k.. there is almost

with hong kong's autonomy, they are feeling a sense of crisis like never before. >> translator: as a hong konger, as a human being who's born and raised here, i have to stand up and fight. >> reporter: but there is an increasing number of people taking up for chinese government. counter protestors came out to criticize student led camp. they're calling on residents to accept the decisions. many residents have moved to hong kong since the hand over. they make up 10% of the population. >> translator: students should stop the boycott and go back to school. >> reporter: hong kong's business sector has benefitted from the economy and democracy. business leaders have taken a cautious stance towards the protests. this businessman doesn't support the protests. >> translator: i'm worried about the effects on the stock market. >> reporter: he works for securities in hong kong's district which protestors have pledged to occupy. he's worried about the impact that could have on his work. the firm has stocked up three days worth of food and water. >> translator: many hong kong residents don't want

there's no way the hong kong chief executive will be allowed to step down and no way hong kong will be given universal suffrage. at the same time as long as protests stay peaceful and primary motivation of heavy media management to make sure protests don't spread to other chinese mainland cities, as long as there's no sign of that happening, and there isn't as of yet, i think beijing can afford -- although always holding out the threat of having to act if it needs to, but can afford to be patient and play the waiting game here. >> thank you both very much in deed. >>> in other news. finals statements in the hague. he's face ago crimes 58gdly committed in the 1990s. one relates to the massacre in which thousands of muslim men and boys were killed. anna was in court to hear the start of the statement. >> this is his final opportunity to convince the judges he's innocent. we've been in the public gallery five feet from the former leader of the bosnians. he seems as you can see like a politician talking about the ethnic cleansing of bosnians from this territory taking muslims away killing

with tourists, but this would be a hong kong that they wouldn't recognize tonight. over the weekend, they accused the government of turning a blind eye on the attacks that were carried out today. attacks that they blamed on prior groups, and groups that are linked to beijing. so a polarization on the streets of hong kong, and i think that we're seeing the early signs of what could be the battle axe that many feared. many say that it's fine for the students to protest for a few days, but now they want their lives to get back to normal. normality is not what you're seeing in this particular part of hong kong for the moment. but it should be pointed out that these scenes are only in a few areas of hong kong. but here in mong kok, in the tourist district, it's virtual anarchy. >> from the streets of hong kong, and of course he and the rest of our team will keep abreast of all developments in hong kong. >>> much more to come on the program, including fearing the worst. taken away by the mexican police. and a 17-year-old breaks the record for the youngest driver ever to t

this is hong kong. china needs hong kong. china is a huge beneficiary of the openness of hong kong.capital controls. hong kong, economically is a model of what china has potential to be but politicly is a model of what china has to be. china's economy is going over a cliff. they have a state-run system, misallocation of resources, all of the corruption and the answer to that is openness. i hope chinese leaders will see that. the people in hong kong are china's greatest patriots, paving the way for china's future and then know democracy is an incredibly powerful idea and these young people will not forget that. >> to that end, transparency, the government tried to shut down social media across the mainland and they are not reacting to that. at the same time it must be said the internet is unshut downable to be perfectly plain spoken about it. >> look at the people in hong kong, they don't have the same access to the internet and they are setting up mesh networks and creative things. hong kong is connected to the world. china can't shut off hong kong from the world. they could go in h

thousands demonstrating in the streets of hong kong.tudent leaders written to occupy government buildings. the director of the u.s. secret service resigns after a security breach. [indiscernible] he tells us why. welcome to our viewers on public television in america and also around the globe. pro-democracy campaigners and hong kong have again defied , holdinges in beijing more street protests on china from national day. they warn that they will step up protests the most the chief executive of hong kong resigns. carrie gracie filed this report. >> it is national day, but there is not a chinese flag insight. 65 years ago, chairman mouth said the chinese people have mao said-- chairman chinese people have stood up. hong kong, and a different generation standing up for a different revolution. to see the chinese flag on national day, you had to come here, a ceremony to remind hong kong that however different its way of life, it is still a part of china. she tells me it is a day to celebrate national unity. but this unity -- but this unity y

at a standoff at hong kong. welcome to first stop -- to first up, coming live in hong kong. the markets have had their worst week in at least a year last week. concerns -- aer big selloff on the weekend as well. number two in the fed. >> sally fisher, i think those comments he made really put into perspective where we are. worse selloff of the s&p in two years. the fix is spiking up again and the middle east and markets on the weekend absolutely got hammered. he basically said if growth outside the u.s. continues to disappoint then this is something the fed must consider and may have to push back their tightening or even slow down reduction. here is what he had to say in his speech late last week. occur onlyng should against the backdrop of a strengthening u.s. economy and in an environment of an improved household. a stronger u.s. economy should talk to benefit our trading also -- and perhaps indirectly by increasing confidence globally. foreign growth is weaker than anticipated the consequences of the u.s. economy could lead the fed to remove accommodations more slowly tha

there are thousands of people spread around hong kong. these protesters going beyond the demand -- their initial demand. they're now saying they want the chief executive to step down by the end of the day. otherwise they will move in, they say, to occupy government buildings. let's get the latest from the ground now and connect with our andrew stevens who's been covering this for us. andrew, what have you seen? what are people detelling you n? how are things changing hour upon hour? >> reporter: the change really is in just the number of people to come every day to join the protesters. the contradiction on this occupy movement is they keep on saying, the protest leaders keep on saying they want to occupy peacefully. moving into a government building, confronting police, assuming the police are not going to want them to occupy the building, does not necessarily make a peaceful movement. where i am at the moment, if we look down this road, that is where the main bulk of the protesters gather each day. if you move slightly to the left, you'l

>> in hong kong things gradually domgraduallycoming to life. looking to their barricades and shifting their positions as we get into yet another day of protest here. this is the second day of a public holiday celebrating china's national day, so while numbers have been fluctuating they declined considerably overnight. we are expecting to see yet thousands more protesters out onto the streets today and today of course is also deadline day. thursday has been set as the day when organizers expect their demands to be met, or they will escalate this action. they want to see c.y. lunge, he is the leader of hong kong, the chief executive, resign. also commit hong kong to the reforms that organizers here will lead to true democracy. they don't want the version of democracy offered by hong kong or beijing authorities. those are the demands. they have said they will start targeting specific offices they haven't said which buildings or offices they will be but they threatened to force themselves into these offices, technically breaking the law, they call

joining us from central hong kong. on the way, one of the most important events of the week, the fed decision that may and the stimulus program. that is, of course, dominating our foreign exchange headlines. that is coming up. ♪ headlines this monday, october 20 seven, and i am john dawson. the fed meats, and no changes seen. to the the end quantitative easing bond buying, and the question is, will it be? the russian currency is the biggest loser, and this after standard & poor's said their rating concern was mounting and that may lead to a selloff. moody's cut the rating one level only last week. and in asia, the yen. we look to the bank of japan meeting this friday, but before .hat, we have tomorrow this is again in august. and here is the yen. you can see a bit of a dramatic shift. crucial one. that is the japanese yen. and obviously, the ecb looking at the bank authority, and you can see the waiting for the european banks. 8.10% change. and the euro. those are the forex markets, the stories running markets this mor

clashes in central hong kong. this is hong kong's leader to diffuse the crisis. turkey gives the go-ahead for the fight against terrorists in iraq. another american citizen tests positive for ebola. the freelance cameraman was diagnosed with the virus. he has been flown back to the u.s. to receive treatment. also coming up this hour in business, we will have the latest from the paris motor show. as sales start to pick up, carmakers are targeting the premium market in europe. andre will be looking at the latest technology on display. we will be live from the pentagon to speak with rear admiral john kirby. how confident is the american military that they can defeat to hottests -- jihadists in syria and iraq? is this war even when a book -- winnable? we will be putting those questions to the spokesperson in a few minutes. >> there have been several clashes in hong kong today. in two separate locations groups opposed to the demonstrators tried to dismantle barricades saying they were fed up with disruption to business and daily lives. police had to separate the group

for the hong kong government. the central government does not need to intervene, unless, for example, control of the civic situation is lost, and if there were other events like aggression, et cetera. thereof, for the central government in beijing, they don't need to overpanic. they are concerned about the situation. it's not the right time for them to intervene in events in hong kong. it's fully on the shoulders of the government and the police department. they have confidence in the government and the police in hong kong. they are well trained and know how to deal with situations like this, and compared with other situations like frankfurt, london, paris, washington, new york, the demonstrations in hong kong. though they are a big storm in hong kong, they are not that significantly. and the ramification relatively speaking is well controllable. victor gow with the china area of international studies. >> a founding father of the siliconville yea text scene reporting into two different companies. they plan to spli

but we can see very good things happening in hong kong. we mention the hong kong people. they're organizing themselves. learning how to practice democracy. >> reporter: standing firm he went on to say that the next move is with the government here in hong kong and in beijing. the big question is just what move will it make. >> now i understand the protesters have given a deadline for the chief executive of hong kong. that's one of their demands. what's going to happen after that deadline and if that demand is not made. >> that's right. thursday is the deadline day and they have sensed by the end of this week they start to target specific government if that demand is not taken. it is one thing sitting out of the street risking obstruction. it is another getting into a compound and getting into a government building. there are a different set of laws. very questionable with the numbers of people who will take part. also there is this threat now if they go back to this--if they take this kind of action we'll see a return to the kind of violence we've seen for a few days ago.

unrest in hong kong.we have the leadership of hong kong beginning to respond to student demand. what do you have this morning? >> the chief secretary of hong kong is telling reporters she is concerned about clashes seen in mong kok. are making preliminary plans for discussions with student leaders. >> we need to characterize that these are not protests, not riots. i am going to call them scuffles. >> in contrast, you can see the top shot we have there for you. admiralty district on hong kong's island. here, int i understand admiralty, it is effectively just the students, where in this outer area of kowloon, it is more of the older people who are protesting against the protesters for disrupting life. >> that is what we are understanding. >> five or six days into these events. looked at theas situation in china and hong kong. your thoughts on the continuing protests in the city echo >> it will be interesting to see how he responds. control has been consolidated, but we do not have room for error. for me, i

hong kong protesters or the chinese government? demonstrators had set a deadline for the leader to step down. that is noon our time today. if he does not do it, they're threatening to push into government buildings. protesters have already gathers outside the main government headquarters face-to-face with police. a live look now. you're looking at some pictures of hong kong here. where, for nearly a week, those massive crowds that you see right there have filled the streets. they've been calling on china to give them more political freedom. specifically, the right to freely elect their next leader. china not budging. suspending tourists to hong kong, cutting off critical revenue. when secretary of state kerry called for china to respect protester's demand, china's foreign minister pushed back hard. >> translator: lohong kong affas are china's internal affairs. this is also a basic principle governing international relations. >> cnbc susan lee is live for us in hong kong. susan, what's the feeling on the ground, with the deadline ju