all ico's callista so now you can no longer raise ico's or continue trading them.ted from offering services. if you have already phrase money through an ico, you will be asked to refund it, so you have to liquidate and return funds. we saw that happened today and late yesterday, so it is a comprehensive hand. the timing coincides with the ico's of scams related to . china accounts for about a fifth of all the ico's globally, about $2 billion, and i think that activity has been increasing, so the authorities decided to step in now before things got even ,orse to slow the market down so for now the market is frozen. angie: let's bring in our gadfly columnist here. unsuccessful.is why du suppose china is doing this now? is it to protect the stability ultimately of people's expectations when it comes to investments? >> i agree. it is about scam alerts. thing raisedico's in china and around the world are not necessarily scams, but projects that will go nowhere. it is like a vc funding model. someone has an idea and they want to raise money to build that project, so inst

of course, and ico is also called an initial coin offering.t seems like regulators, not only in china but in other countries, are turning their backs on virtual currencies. even the ceo of jp backs on virtual currencies. even the ceo ofjp morgan, jamie guinan, has called bitcoin fraud. yes, we did note is comments. but 5 million people are using crypto wallets and crypto products and we would not agree with him. we at change bank also don't really agree with him because we think the future of crypto currencies, we think people wa nt to crypto currencies, we think people want to use this faster, cheaper means of transferring money, and we bring this to the people. so should it be more regulated now that there are so many it be more regulated now that there are so many regulators and governments complaining about bitcoin? yes, we believe that consumer protection is of the utmost importance. we think china did the right thing to really, you know, stop the icos. but we don't think this would really innovate the good, innovative companies like chan

there is a difference between cryptocurrencies and ico's.nk of it as the renminbi or u.s. dollar, at this point they are not regulating the currency directly. they are regulating a fund-raising measure, which rico's. there are a lot of fraudulent scams and projects going nowhere , so it is the funding scheme that is ico's that is being regulated rather than the currency itself. it is having an impact on the currencies. all the major cryptocurrencies are down double digits, so it is having an impact. a lot of that will be because of liquidity. because they have to the funds and give that money back, that will force them to sell out what they have earned and put it back into cryptocurrencies, so that will be in issue. the veryill see is tight restriction, but i don't see tighter restrictions on bitcoin from here. ban.ll not be a full on it is all about stability. china does not want to see people put money in these things and go bust. most of these projects are going nowhere. this just the beginning when it comes to the regulatory oversight ov

they have banned banks from working with ico's.the funds that knee -- have already been raised need to be given back. this has led to a selloff from a lotkes of bitcoin and of the virtual tokens and coins are sold and bought using those cryptocurrencies. haidi: does that mean the future of ico's will be pretty bleak, given the huge market that is china? reporter: it's interesting. there were around 43 ico platforms as of july this year here in china. as you pointed the cryptocurrency sector here in china, it is huge, whether that is the miners or exchanges. the ico's has -- has been part of that environment. a number of investors of bloomberg say this might be a positive thing, because many of these ico's were coming up with fairly sketchy business ideas. there were concerns around fraud. investors saying that a clampdown or increased regulation can weed out some of the bad players, and set up a framework for some more ethical ico's.h-quality more broadly, you year from the likes of mark mobius of templeton emerging markets saying

they came off their record highs and fell further after china banned what's known as an ico, initial offering. the offer is a way of raising capital by offering a new crypto currencies and according to figures there were 55 icos in china in the first seven months of the year, totalling a whopping $398 million. is this a prudent move or has beijing overreacted on the regulation side of things? earlier i spoke to tim phillips, the head of deloitte's international crime network and asked him why they are worried. regulated markets in most markets around the world if you want to raise funds in the public you have to have a prospectus and be a registered dealer, it is well controlled by regulators and it presents real transparency and safety. it is completely missing in the ico market, it is very anonymous, it is all out there in the ether and it's quite a challenge. out there in the ether, but shouldn't it be potentially an easier move to bring in the regulation as opposed to banning it out right? it isjust there was too much heat, as you can see by the numbers, they were very substantia

icos are going to be treated like ipos. so it is the end of what bitcoin are supposed to be? of the ecosystem, but it doesn't mean it is the end of it. thank you both very much. well it's been an interesting day for real currencies as well as virtual ones. the pound rose against the dollar and the euro after the bank of england put out a strongly worded statement that — although it was keeping uk interest rates unchanged for now — it's minded to increase them in the very near future. our business editor, helen thomas, is with me. how strong do think that hint was? are we looking at next month now? it comes down to four words, over the coming months. that is the time frame the bank is talking about potentially taking action. it was all caveat it. but in the world of reading the central bank tea leaves, it is pretty punchy stuff. it is pretty dramatic. markets were thinking about a rate rise towards the end of next year and now people are talking about as soon as november. what has changed? inflation, 2.9%, the bank target is 2%. employment growth is going pretty strong. 0n the

sarah russell, thanks for talking to us from the turks & ca icos talking to us from the turks & caicosvelled to antigua. you seen what it's been like in puerto rico, how does antigua compare? well, the difference a few kilometres makes when it comes to this storm has been incredible. in antigua the infrastructure has stayed mostly intact. it was hit ha rd by stayed mostly intact. it was hit hard by the storm but nowhere near as bad as the island 60 kilometres away, barbados. 95% of the buildings have been destroyed, the prime minister described this as an uninhabitable. people are in need of food, shelter and clean water. the weather was so bad after the hurricane that no one could get in contact with barbuda and now they have they have seen the devastation for themselves. within the last few hours there's been a window to get aid in, they have got boats and helicopters but they are trying to get people out because there is another worry on the way and that is hurricanejose, another worry on the way and that is hurricane jose, on its another worry on the way and that is hurricanejose,

for ico's. the country could become a hub price years.egulations only apply to local fundraising within china. it does not apply to global projects. it does not apply to global investors. you will have to see. you will see such a big and important economy. the financial market is digitalized and comfortable using money digitally. economy to come out and say "no, we do not want this, we do not like this. " it definitely does not look good. yeah. anchor: all right. nakamura joining us from tokyo. what is ahead for the world's biggest travel agency and where she sees growth opportunities. this is bloomberg. ♪ yvonne: this is "daybreak asia." i am yvonne man in seoul. betty: i am betty liu in new york. business leaders and investors joining the brics heads of states in china. among them is the second-largest online travel agency, see trip. james spoke to tom mackenzie about opportunities in the brics . >> brics represent the fastest growing gdp growth around the world, so the buying power for are veryntry significant. for example, this year,

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there's -- the crypto currencies and their icos, which are initial coin offerings, are now raising more money than all the venture capitalis put together, than all the ipos put together. there have been some 50icos that are responding to the collapse of ipos, all regulated and osi identified by the sec and all the rules apply fog the public company that resulted in a 50% shrinkage of the number of pocks. now the crypto world generated the answer. the first juan was brendan ike, one of the founder odd netscape and mousies la mozilla and the major language used across web pages in the internet. he has a new browser called gray, which works with bitcoin and micropayments and -- he writes $38 million in coin offerings. another company called baycor raised $150 million a few weeks. scores of internet initial coin offerings or crowd funding offerings that were made possible by the jobs act, made it easier to do these crowd fundings but they've really addressed this big crisis of ipos. no ipos for months on end, and now scores of these large, multimillion scores of million dollar issuances of

earlier on news that china is banning companies from raising money through initial coin offerings or icoss is brian kelly from brian kelly capital because we like to harp on bitcoin and have you come and defend it. >> i love it thanks f thanks for having me, kelly. >> sends a message when of the most rogue securities markets china is going to ban icos, u.s., canada, hong kong, can't be far behind. >> i think they already spoke. the s.e.c. said if this is a security, we already have a rule, that deal with security. to me it's not necessarily surprising you know, china, the pattern that china usually does is they ban something first, and then they slowly start to get, you know, loosen up the rules a little bit and get their arms around it, but, no, i don't think icos will be banned in other countries. frankly it would shock me after what the s.e.c. has already said for them to come out and do a blanket ban? >> michael >> i guess i wonder what it says, brian, that the market is so sensitive to the possibility that these, you know, highly kind of speculative reward point auctions, which is wh

it has, as you know, cause substantial devastation and it is now on its way to the turks and ca icos now on its way to the turks and caicos islands the florida is in the path of the storm. you have the foreign office crisis centre, they have been running the many days now, working to get the messages out to holiday—makers, the people on those islands about what they need to do. you have across government, a group coordinating with the mod, the response of this government to the crisis. it took 24 hours before help reached those islands, is it fast enough? they had to deal with hurricane winds blowing through. it was difficult to deliver helicopters and aeroplanes in the way the islanders would have wanted. i have been talking to the governor of angola. he said it was an incredible morale boost is the british helicopters overhead yesterday. and that will continue, bringing supplies and comfort to those islands. the foreign secretary, borisjohnson islands. the foreign secretary, boris johnson reacting islands. the foreign secretary, borisjohnson reacting to the criticism of the british

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goce de sueldo y en cuanto a la vÍctima se sabe que la familia llo describe como paredes familiares icohijos y en este momento fue la vÍctima de este incidente. ramÓn: ahora nos vamos hasta el este de la bahÍa arrestaron a un sospechoso que arrollÓ a dos oficiales de la policÍa ayer por la noche een san leandro. el incidente ocurriÓ con los agentes enfrentaron al sujeto que era buscado por presuntamente robar en un supermercado. uno de los policÍas que fue llevado al hospital estÁ dado de alta. el otro agente permanece hospitalizado. >> creo que los oficiales estaban haciendo su trabajo. entiendo que no es muy peligroso. y nunca habÍa visto un incidente de esto. ramÓn: aal involucrado lo identificaron como nombres y motes y tiene un residente de la ciudad de auckland. vuelve a ocurrir, un pasajero fue vÍctima dde robo. luz peÑa tiene lo Último. luz: la pasajera asegura que al ver esta nota se impresionÓ y tuvo una hija inespera para llamar -- una idea inesperada. tienes dos armas apuntÁndote, si quieres vivir dame tu telÉfono y dinero ahora, si quiere vivir. eesta es la nota que recibiÓ

in iraq in the most basic form media the ico scott. sam was sitting there with me. saying the same growing. and. then what. did they get. the. nomination of thought he's going to hear the rest. in the oh. so yeah. well they label for. the stuff they did on us are they on the hill say. well we. were made. in one of us in big give us a process i am us a bit o. a story stand on. nice to see isn't getting it will never this will put up at the audience i will put it at thirty eight i mean at all of us a ticket not feeling it because you put up at the senate again if you stand up to. be done no wall no mistake about it the everyone was a play him or you know sticky or latest and comment on the demos that. he is a implement up i see it this way. or. no this is this is never happening in the post and so i said in india. but is it your body think assume it's either. and blue book at that or higher than pretty fairly good ok you see that by grabbing a zipper i don't know and mascot ok if it was to become a question to see just a form of the need for them and be done the baby

iraq in the for the most this war made of the ico scott found that gives families this is really neat. thing the thing growing more and at the end. of. it made. them want to and they know yeah right thing. good they get paid and yeah and i think yeah he. said. no but i think of the thought he's going to hear the rest. and. so. while they labeled the. stuff they did on us our thinking on my history. well we. were made. in one of us in big business a process i am us a bit o. a story stand on. nice to see isn't getting it will never this will put up at the audience i will put up at thirty eight i mean at all of us a ticket not feeling it because you put up at the senate again if you stand up to. be done no wall no mistake about it the everyone was a poor human you know stickier latest and comment on that then you know study he is an implement delicacy and this. was. no this is this is never happening in the post office for a certain india the p.c. but is it your body think assume it's either. and blue book at that or higher than pretty fairly good ok you see that by grabbing a zipper i d

the people's bank of china said that all ico's should be stopped and refunds provided, although it didpecify how many would be paid back. the decision to relocate its headquarters out of sweden has been seized on by opposition politicians who say it is the latest example of jobs leaving the scandinavian country. it puts the only globally systemic important bank inside the eurozone. they say the decision will save $1.3 billon in regulatory cost. that is your regulation news roundup. nejra: a bundesbank board member says he has had discussions with bankers who are considering moving to frankfurt post-brexit. david westin spoke to a central banker attending the morgan stanley conference in frankfurt and asked him about regulation in the finance sector. >> it depends on the size of the banks. the top level banks need that regulation. we need to learn the lessons from the crisis. if you get to very small banks, i still believe the capital and liquidity rules are correct. what we may do a little less with is the amount and frequency of notification to the supervisors. for example, if you wer

. >>> moving on to the rescue effort in and around mex kp ico city. >> officials say 40% of the city is without power. the death toll is now about 225 people. but that is very much expected to climb. abc's matt gutman has more. >> reporter: the scramble to find victims entombed by that quake. so powerful it pulverized buildings. one woman covered in dust carried through the crowd on a stretcher. rescuers rushing into this badly-damaged building to get this woman to safety. more than two dozen buildings collapsed, including schools. the massive 7.1 quake striking just after 1:00 p.m., less than 100 miles from the population nearly 9 million. overhead lights swinging like pendulums. parts of the ceiling crashing down. workers freeing -- fleeing. this man staying against the wall. tourists ducking under a table. thousands rushing to the say the -- safety of the street. it was horrible this man says. dust clogging the air so thick you could barely see anything. residents seen trying to secure a billboard that landed on top of one of those collapsed buildings. >> we just lost a building i

the people's bank of china said that all ico's should be stopped and refunds provided, although it didpecify how the money would be paid back to investors. the decision to relocate its headquarters out of sweden has been seized on by opposition politicians who say it is the latest example of jobs leaving the scandinavian country. nordea is moving to finland as the only nordic globally systemic important bank inside the eurozone. they say the decision will save $1.3 billon in regulatory cost. that is your regulation news roundup. nejra: thank you, sebastian. a bundesbank board member says he has had discussions with bankers who are considering moving to frankfurt post-brexit. bloomberg's david westin spoke to a central banker attending the morgan stanley conference in frankfurt and asked him about the importance of regulation in the finance sector. >> it depends on the size of the banks. the top level of the banks need that sort of regulation. we need to learn the lessons of the crisis. if you get to very small banks, i still believe the capital and liquidity rules are correct. what we

working the night every night.xico the death toll stands at 273 and these are our first the air of this icoin mexico city where 25 people died, many of them children.cente damian trujillo joins us live in he's at that rescue center. fill us in on what's this is near mexico city. is an army of volunteers here. is not organized by fema or government organization. are all people who are out time is it now? 11:00 p.m. here. people have been out here day. going to be here all is where they're supplying of the shelters all of the are out here them with clothing behind me. there's med sinn, watt edicine, water, going to be here all because there are more now it's been reduced to buildings remain unstable this city of 22 million. you look there are thousands of them. make sandwiches for the crews. man brought out his taco to feed the volunteers. you do? says it's his contribution to fight. endless struggle to rescue these are more volunteers up supplies for some of are out here some of the people who have rescued. been told numerous times they need blankets and and medicine. about anything that you

according to reports, the watchdog sfs has banned initial point offerings -- coin offerings, or icos. declared the mechanism in legal earlier this month. -- illegal earlier this month. the head ofill meet the london transport system next tuesday. the ride is trying to regain its -- ridesharing company is trying to regain its license to operate. it expires tomorrow, citing a lack of corporate responsibility. and we are shining a spot on nurseries, or kindergartens, quite a headache for morning -- many working parents, but it is difficult in mongolia. >> a baby boom there is pushing the public education systetem ta breaking point, and parents have to win a lottery to get a spot. this has increased by 60%. the government has not built many new schools since the end of the cold war. teachers are also set up with overcrowded classrooms. they are set to strike twice this month. molly: thank you for our look at the business news. we appreciated. the eiffel tower welcomed its first visitor in 1889, and in since, 300nse, -- million people have climbed france's iron lady. visisited paidst monum

the so-called ico market that is the equivalent of ipo's here on the stock market.ou and i could give out bitcoins, the question would be if anybody give us the money. so there is wild stuff going on, but the jury is still out and it is too early to release a that bitcoin actually are blowing up, how jamie dimon put it. >> thank you. and from wall street to silicon valley, which has faced charges a treat men and women differently in terms of pay and career options. now three former google employees, women, suing the firm on claims of unfair pay. correspondent: google in the crosshairs. three former employees filing a class action suit in san francisco, claiming they were promoted less than male colleagues. it is a criticism that echoes across california. >> the issue of gender and diversity in silicon valley is a hot topic right now. a lot of companies are being criticized for not hiring enough women and minorities. google has about 31% women. when it comes to leadership positions, about 25%. it is similar to those other tech companies like facebook, twitter and ube

re wke ihi war gog nd s atrge vionrohi wh icos t roras pod t tki pnt weantonowh tt ok li. i inwee intoeeto seatrgevionrohi wh iom ttaefm podo o teealng pots weeeto know what that looks like. i'm not saying he is not the person from the job, but he needs to do a stronger job and what he has done for the debt ceiling. >> stronger vision? or a better understanding how congress workses and how the dynamic works? >> i think it is fair to say both. it is his responsibility to understand from the policy side, not just his perspective, but the process of what it takes to get these done through committee and to be available, working alongside the committees of jurisdiction to a compass this. -- accomplish this. >> does this deal with president trump and the democrats cause you anxiety when thinking about the future of tax form? do you think he might go off and try to muppet the way to bring -- to bring democrats into what is now a republican-focused tax reform plan? rep. walker: i don't blame the president for trying to bring democrats to the positions. i understand it and i applau

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china's crackdown on the ico, that was a bit of a shock and led to the big selloff do you think other regulators will follow suit and ban trades? >> krip tow graphic tokens and assets and the mechanisms that allow them to move create a capital formation and incentive advise technologies. we've seen this in the birth of protocols like the etherium and we're seeing a lot of interesting projects as a break through in how capital formation can happen in technology, it's irreversible. the question is if these tokens are really behaving like securities and sort of don't pass the howie test as they say, then they ought to be treated as securities you know, in that case government regulators are going to be involved and there will need to be regulated exchanges and the like. >> very quickly, 20 seconds. what's the plan for your company? where is it going? >> our core business circle pay is a free service for consumers. it's an app that lets people send and receive e-mails instantly, globally. we're taking advantage to make money work the way the rest of the internet does. >> thank you very mu

journey west which will eventually take it towards the end of the week around bermuda and the turks & ca icoscertainty as to where it is going but for the next few days it looks very severe. the british prime minister has been meeting her canadian counterpart in ottawa. a potential trade deal with canada will be important for the uk once it leaves the european union. hanging over the meeting is a dispute between america's plane—maker boeing and canada's bombardier. to explain this all let's go to samira hussain in new york. plenty of people watching in the uk and elsewhere who don't know about this dispute, so take it from the beginning. bombard here is a canadian farm which won a contract to build certain planes for the american airline delta. incomes bowling, the american playmaker, they have said there is a practice called price dumping where they have sold some of their planes for below the cost price and they have made her complaints to trade authorities. asa her complaints to trade authorities. as a result there is a spat happening between boeing and bombard here. the dispute is between

there are gusts of 212 mph by the time it gets into the turks and ca icos the time it gets into the turkswater will be even higher, and it could reach up to 20 feet and bear in mind these islands are very low—lying. it will eventually curve towards florida, we don‘t know which coast is more likely to be hit yet. ina in a moment we hope to talk to our correspondent in cuba, what is the main threat there? torrential rain, there may be a storm surge but it will not be 23rd, they are not close enough to the eye of the storm and the hurricane‘s core, they are a little distance away but the torrential rain could cause severe flooding and there could be damage in terms of flooding to cuba, that is probably their main risk. and we are picking up on the path, the likely path of the hurricane, and the difficult science surrounding the difficult science surrounding the precise trajectory. we heard the agencies in florida, they are clearly preparing for something very damaging. are we still looking, with some certainty, in that kind of direction? over the next few days, the hurricane is at 290 degree

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you are seeing more icos coming out. i think it is pure spec elation.regulation isn't keeping up technology, regulation isn't keeping up with it, and it is a wild west. and that's fine, it is quite normal. it is unusual to have regulation the head of technology. so there is a different view around the world. i think allowing these things to happen, as long as there is a warning out there, there are risks. that is how they have been dealing with it. so far, that has worked. lucy, thank you for your insight into that. lucy mcdonald from allianz global investors. that is all until tomorrow. have a great day. goodbye. good morning, storm aileen may have woken you up in the night and provided travel disruption this morning. some strong gusts of wind through the night. the avonmouth, top of the list, 70 mph. most recently, around lincolnshire, gusts of 50-60 recently, around lincolnshire, gusts of 50—60 mph. this is storm aileen, moving towards scandinavia. for many of us, it has cleared away. strong wind in eastern areas of england over the next hour or so.

come to terms with that reality and and policies ures and i will ae that were going to bring puerto ico back to, you know, a recovery, were not implemented. on the other hand, you cannot is not responsible, and the le, congress jones act, we heard about in aiver, congress eliminated public utilities from going into bankruptcy. we didn't have the ability to do. what would you do? close the electrical system? borrowd and owe now $9 billion. break down that debt, for example, deficits were took over medicaid, why? uerto rico kept 50% of reimbursement and every other state gets 80 or 90% of depending on numbers, puerto rico and 50%.itory capped at i will say share responsibility. it is both the united states and local leadership. so, we need reform in both sides. if we can get one more quick call to south carolina. there.m, hello caller: good morning. host: you are on the air, go ahead. caller: i'm calling to find out not asn't puerto rico the ht in as 51st state in united states? host: wrap it up with edwin of ndez, what is the status efforts to make puerto rico a state? where are we on th

thereafter, it pushes on towards the turks and ca icos pushes on towards the turks and caicos island.randed in auckland monday after a pipeline leak cutjet fuel supplies to new zealand's largest airport, forcing planes to remain grounded, authorities said. the pipeline operator said repairs would take at least a week. 2,000 passengers were affected by flight cancellations on monday alone. the former england football captain, wayne rooney, has been banned from driving for two years after admitting a charge of drink—driving. he apologised for his "unforgivable lack ofjudgement" and said it was "completely wrong." the everton striker was arrested earlier this month after being pulled—over by police officers in the north of england. lady gaga has been forced to reschedule the european leg of her world tour due to health problems. the singer has revealed that she has fibro—myalgia, a chronic illness, which can cause pain all over the body. the 18—city tour, had been set to begin in barcelona on thursday. let's look now once again at the roots of the crisis facing the rohingya people in mya

this is what it's like to look out of your hotel room in the turks & ca icos of your hotel room in the turks & caicos knowing one of the strongest storms in recent memory is heading your way. starting to hear the noise of the wind as well through the doors and windows. and from all around us really. but we're not even close to the worst bit yet, which is a bit scary. on the british virgin islands there have been an unknown number of deaths. with communications severely disrupted, the governor issued this audio message, declaring a state of emergency. all of a sudden have been affected by irma, some more than others. apart from the structural damage there have been reports of casualties and fatalities. i'm sure you're heartbroken by this nudes. our thoughts and prayers are with each and every one of you. -- news. at least one person is known to have died in the british territory of anguilla where residents sheltered in their homes for safety. we were in their homes for safety. we were in the bath with a mattress above us, that's how we managed to keep safe and dry. i think a lot of peop

the people's bank of china said that all ico's should be stopped and refunds divided, although it did many would be paid back. the decision to relocate its headquarters out of sweden has been seized on by opposition politicians who say it is the latest example of jobs leaving the scandinavian country. puts the only globally systemic important bank inside the eurozone. savesay the decision will 1.3 billion dollars and regulatory cost. that is your regulation news roundup. memberbundesbank board says he has had discussions with bankers who are considering moving to frankfurt post-brexit. david westin spoke to the central tankers attending the morgan stanley conference in frankfurt and asked him about regulation in the finance sector. >> that depends on the size of the banks. the top level of the banks needs that regulation. we need to learn the lessons from the crisis. if you get too small banks, i the capital and liquidity rules are correct. is the amount and frequency of notification to the supervisors. for example, if you were to cut off banks below a balance sheet in germanyn euros,

then they had to move on, as you know our sister islands of bvi and turks and ca icos have sister islandsejose was hot on the heels of that as well. i'm glad to hear that's now deflected northwards. we are simply suffering from the periphery of that storm. and then in terms of the hospital, which you told me was a very small facility, i think 32 beds. that's correct. has anyone stayed behind to offer assistance, doctors, numberses and so on —— nurses and so on? not as yet. gibraltar has donated assistance. that's winging its way across the atla ntic that's winging its way across the atlantic now. again, mount bay will return to the island, i understand. we've been given provisions. we are quite resourceful people. we've been using the resources that have been provided to us. that's going to keep people going until a second wave of assistance to the island. which we believe will happen in a number of days, yes. we had been based for another hit today by hurricanejose. people must be beyond relieved at the news that is going to, we understand, miss anguila and many of the islands hit alread

from the turks and ca icos gusts of 220 mph. reach florida. catastrophic damage will happen to the takes and caicos islands along with the bahamas where that i wall comes onshore. the storm surge, the wall of water, could reach 20 foot high. across the uk we have still a fairly quiet conditions across england and wales, cloudier further north. a band of rain continues to push southwards with some heavy bursts this afternoon. across northern england, staying quite damp across wales and the south—west. an odd patch of rain across south. 0ccasional bright spots possible. cool in the wind across the north west. 0vernight tonight an area of low pressure still with us. rain pushes southwards across england and wales and becomes quite slow moving across southern england with the wind is really picking up here. it will be a mild night with temperatures of ii to 15 mild night with temperatures of 11 to 15 and the friday a band of rain still across southern counties, some uncertainty as to how far north or south it will go. we will see a

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celebrations in and of below across iraq ico to the stand by the way forward for iraq's kurds manes unclear. i've got a daughter we don't have live in this world. the wral between the u.s. president an american version of the athletes continues. plus we'll look at how the anti immigration f.t.v. party gained a foothold in the german parliament. now north korea's foreign minister is accusing the us president donald trump of declaring war he says his country now has the right to shoot down american warplanes the accusation is in response to a tweet by the. north korea's leadership quote won't be around much longer if it continues its rhetoric other when i think editor james bays has more. as he left his hotel heading out of new york north korea's foreign minister really young ho addressed reporters with a statement that further ramps up the tension with the u.s. . last weekend trump claiming that our leadership wouldn't be around much longer and hence at last he declared a war no country or do you like the more that given the fact that this comes from someone who is currently holding the seat

it across the turks and ca icos too in cuba.t hit. with winds gusting to 212 mph, a storm surge 20 foot high summer three times my height, we will see further catastrophic damage here in the turks and caicos islands, then florida later this weekend. here in the uk meanwhile it has been a cloudy day with outbreaks of rain pushing southwards and that will continue overnight tonight. the heaviest rain sinking southwards into wales across the midlands, and by the end of the night reaching southern counties of england. all the while, some brisk winds blowing in showers across the rest of the uk but at least the winds will keep the temperature is up, 15 degrees the most. this rain could be heavy with thunder and gusty winds as well. to the north of the weather front, widespread showers and in between those showers probably only limited bright spells, probably the best of these across north—east england, where some could stay dry but i wouldn't bet on it. 15 degrees in glasgow, perhaps feeling autumn has set in place, and more coming t

they are monitoring a bunch of ico's to see if they are breaking any rules. kind of like this uncharted territory and my guess is we'll see more and more regulation. lily, thank you so much for that. such a fascinating area to be watching at the moment. a different story every day when it comes to that bitcoin rally. bloomberg first word equities reporter, lily katz. ford has rekindled the partnership with indian suv maker messenger mahindra. they have formed a partnership to cooperate on electric cars and distribution in what is said to become the world's third-largest car market. it is a time for ford. the indian business was put under review. betty: nissan, off sunday, red and renaud want to reduce imports. deadline has been extended. the 200 million dollars deal for electric vehicles would replace government cars operating in new delhi. haidi: the first public bond fell in more than 20 years with strong demand overcoming the fallout from the 2011 accounting scandal. orders for the note came to 2.7 times the $19 million on offer. shares have risen. upadmit

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. >>> and abc 7 is celebrating icos cdeviommunity.ith pictures >> we salute a woman. >> i was expectingundocume (hard exhalation) honey? can we do this tomorrow? (grunts of effort) can we do this tomorrow? your risk of hospitalization could increase, making tomorrow uncertain. but entresto is a medicine that was proven, in the largest heart failure study ever, to help more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects argima bld prsure, don't take entresto. kidney problems, or high potassium in your blood. ♪ tomorrow, tomorrow... ♪ when can we do this again, grandpa? well, how about tomorrow? ask your doctor about entresto and help make tomorrow possible. ask your doctor by living off the grid. completely. or... set the washing machine to cold. do your thing. energy upgrade california. >>> actre

people would come over and do ico's in china promising a 1000x return in a week.hat. it was making everybody look bad. i think in the long run, it is very good for the cryptocurrency industry. >> do you think there will be too much regulation? are more governments going to over regulate and crackdown? you have heard all the arguments. >> of course they will. this will be a seesaw effect. when legislation is enacted, people will get around it. we are talking about a decentralized world, a decentralized process where peer-to-peer activity is foremost. you cannot legislate that. how would you enforce it? you would have to have an enforcer in everyone's home. you can't do that. people get around it. more legislation will be enacted. people will get around it. in the end, governments will lose because the power of this technology supersedes the power of centralized government. >> i know you are on record saying you expect significantly higher prices. we saw this dip after the china crackdown but it is already coming back up. >> it was at $4000. it was not just china. i

regulations around icos and if they had to register prior to going public, would that be overall goodand, overall good for bitcoin >> so really broad offering that where they're asking anybody to buy into it. that's one thing they're also lots of provisions in the securities laws to try to cut down on the amount of paperwork or disclosures that have to be done, according to, you know, the rules for broad offering if it's offered to people who are, you know, have particular amounts of money as assets that they can risk in the market. there are different rules that apply. so, i think there is a flexibility there that that's where we aim to help people understand if they're going to be making these offerings so that then they don't inadvertently get in trouble with sec or whomever so, i think that will ultimately be good for the marketplace because it will add a lot more transparency and a lot more information for people who want to buy into it and that might satisfy some folks, some critics of the marketplace that might otherwise think there is a problem. >> interesting times we live in

you seem to be regulation sort of provoked selldowns, actions from china banning icos, shutting down bitcoin exchanges by the end of the month, et cetera >> i think there's two factors one is, there is a liquidity effect china exchanges are 30% of bitcoin volume if you're going to give notice to shut those down, there's going to be forced selling i think that's what we're seeing as seema pointed out, there have been seven times we've seen a drawdown of this magnitude you know, in 2015, bitcoin was 183, now it's 4,000. but the second part has obviously been, you know, a lot of folks talking about bitcoin being a bubble or a fraudulent currency i think you need to be on the other side of that very strongly >> but why >> bitcoin is not as widely held as people think. there's only 300,000 holders of at least $5,000 of bitcoin think about that, that's like saying the iphone was a bubble in 2007, four days into the sale, because there were 400,000 iphones sold there's not that many holders of bitcoin. when you think about how many wallets today that hold $5,000, it's huge. it's still early

bitcoin is dropping among the main reasons, a new ruling from chinese regulations, china is banning icoshgos fr raising money using the new cryptocurrencies the news weighed on market sentiment. you can see down 1.78% >>> couple analysts calls worth noting walt disney upgraded to outperform from market perform the analyst notes the firm's move into the direct to consumer streaming will have an effect. wf sells fargo is downgrading viacom, the analyst cites the lack of visibility into a potential turnaround >>> time now for our must-reads. my pick is in "the financial times," miscalculation could lead to war in korea writing not just about miscalculation between kim jong-un and president trump and what the chinese may be thinking the chinese government thinks a similar complex set of cal calculati calculations mr. trump has been threatening that the u.s. will take unilateral military action if china fails to force mr. kim into line. china sees to placate mr. trump by tougher sanctions on pyongyang, but they might have to consider how mr. kim might react if he is forced into a corner a re

so we put that yellow ico look at the next ten days. showers on wednesday, thursday, friday showers but it will be all sunshine for doug hill. he is retiring on friday. saturday and sunday looks great around 80. we will see the temperatures in the 70's for next week. stay with us. you are watching "abc7 news at 4:00". back after this. i work overtime when i can get it. i need my blood sugar to stay in control. are my time. i need an insulin that fits my schedule. ♪ tresiba® ready ♪ (announcer) tresiba® is used to control high blood sugar in adults with diabetes. don't use tresiba® to treat diabetic ketoacidosis, during episodes of low blood sugar, or if you are allergic to any of its ingredients. don't share needles or insulin pens. don't reuse needles. the most common side effect is low blood sugar, which may cause dizziness, sweating, confusion, and headac.. check your blood sugar. low blood sugar can be serious and may be life-threatening. injection site reactions may occur. tell your prescriber about all medicines you take and all y

they need to go on british virgin islands and then turks & ca icos virgin islands and then turks & caicos islands. we simply haven't planned, i say we, but the uk government simply haven't planned effectively enough for a storm they knew was coming. it was known that there are some big large category three plus storm is coming this season. three plus storm is coming this season. it just took a three plus storm is coming this season. itjust took a bit of planning —— storms. season. itjust took a bit of planning -- storms. dorothy, our former eu representative for anguilla, thanks for coming in. much more on that in a moment. newsday is coming up at midnight but now on bbc news it is time for newsnight with kirsty wark. after antigua and barbuda, in one hour hurricane irma will do this to the turks and caicos. wooden homes versus 180 mph winds and 20—foot waves. everyone who can has moved to the highest ground, as one of the strongest atlantic storms in history causes havoc. we'll ask the islands‘ governor what he can do in the face of such destruction. the eurocrats are ganging up on david