and many people having to flee jakarta. those who could. they wa nted jakarta. those who could. to get out of the way of the protest. notwithstanding that, that transition from what was a dictatorship to what is now one of the driving democracies in southeast asia. —— thriving. they have been peaceful transitions of government in the last 20 years. that is that it is these that. and they are also strong economy, clocking up about 5% on average every single year. but even until today, those ethnic and religious tensions are concerned. recently, there have been protests againstan recently, there have been protests against an ethnic chinese mayor in indonesia as a result of hardline islamist ‘s, bear, who are up becoming more vocal about democracy. and when i went back, they could —— when i went back, i realise that could undermined some democracy there. jakarta, one of asia's great cities, up in place. former president and dictator suharto was forced to step down after three decades in power. chaos spilt out onto the streets. soldiers and tanks hunted down protesters. what a diffe

he joins us exclusively from jakarta. what are you looking for in indonesia?his is a great time for the un-bank. this is a huge opportunity. un-banked, there is a huge opportunity through bitcoin and block chain to bank all these people and make sure they can pay their bills, and there is a huge rising middle class. this is a major, major opportunity here in indonesia. we are working with our wave , and they are taking me around and showing me all the great entrepreneurs and great opportunities here. on thei want to pick up most recent headline making comments you made about not focusing on china because of capital controls. isn't that part and parcel of doing business in some of these emerging markets? >> i love china. i love all the chinese people i have gotten to know, and i love the country and all the great things that have happened there. it is just the government is not letting money out. i have money owed to me that they are not letting out of the country or do i am i cannot invest more money in which they are not letting money out. it is like putting

when i was a kid in jakarta, these were basically the only markets available. what i can find. [ laughter ] >> anthony: this country, when i first arrived here, it smelled like a place that i would like. certain countries just pheromonically, they just smell good and i know they're gonna be good. it -- do you kinda smell that? >> president obama: you know, there's certain spices that you can smell in certain countries that you just don't smell back home. now, you know, there are some smells that aren't as appealing as well, but that's part of the mix. so -- >> anthony: it is indeed. >> president obama: yeah. ♪ how are you doing, guys? how are you? [ cheers and applause ] ♪ ...that d the power to whawaken something old...... ...or painfully dated... ...or something you simply thought was lost forever... ...because it could form a strong bond, regardless of age... if a paint could give any time-worn surface stunning new life... ...you have to wonder... is it still paint? regal select exterior from benjamin moore®. only available at independently owned paint and h

obama lived in jakarta from the ages of six years old to 10 years old. powered by 2700 journalists and analysts in 120 countries. this is bloomberg. what'd you miss? one of the big stories was the selloff in global bonds, central banks warned of policy in the future. they got economic data from australia and the u.s. pca. more, a huge week for the intersection of bonds and central banks. taking center stage dictating the town. -- tone. we are still looking at inflation in the u.s. and the eurozone below target as it is everywhere. what has changed with this new town? >> the data are not showing what the central bankers are suggesting is going to happen. they think that what has happened is temporary and it is going to turn around. slack is being used up in all of these areas. draghi says it is coming there too. he says take out oil. takeout cell phone prices. we have another chart on that. everyone has gone to these universal service plans. you get all of these minutes free. you see what happened in march. we had a gigantic drop in the year-over-year num

prior to arriving in jakarta, the obamas spent time in bali. obama very popular in indonesia, many seeing him as a symbol of hope and religious tolerance. >>> a warning for parents this morning. those popular fidget spinner toys could have a hidden danger. >> an unexpected surprise in the north bay. the reason a hot air balloon had to make a sudden landing in a santa rosa neighborhood. >>> it is 6:07. here's a live look at the bay bridge toll plaza, as it looks like some people do have to go to work today. to work today. all right, you can get a ♪ ♪ ♪ >>> good morning. time now 6:10 a.m. a live look at sfo. we've got foggy skies, and that is creating delays at this hour. look at this. sfo averaging 78-minute arrival delays. oakland, san jose, doing a okay, so check with your air carriers. in and out of sfo, issues already. future weather. by 9:00, 10:00, we expect any fog to pull back to the coast and temperatures very summerlike for this time of the year. 66 the high in san francisco, 81 san jose, 72 oakland, 89 concord and santa rosa up to 88

i think we have already seen a couple of attacks in ja ka rta already seen a couple of attacks in jakartang ramadan, the fasting month, that we are in right now. so we should not discount the possibility that there could be others. we also can't discount the possibility that there could be more attacks in manila. in manila, the capital? so in what way can the government and intelligence groups neutralise these so—called islamic state back groups? i think there has to be more sharing of information and co—ordination between immigration authorities and security agencies across indonesia, malaysia, and the philippines, in particular. but there needs to be a morcombe brings a strategy than anything you have seen from president duterte. —— but there needs to be a morcombe brings in strategy. —— more comprehensive. the british general election campaign is entering its final day with the party leaders out campaigning right across the uk ahead of voting on thursday. as we heard earlier, following the recent terror attacks in manchester and london, security issues are dominating the political deba

let's talk about jakarta, and japanese company that is behind the biggest recall in the car industry'sfiled for bankruptcy and that is because it is facing billions of dollars in liabilities because of defective airbags. these airbags have been linked to at least 17 deaths worldwide. let's bring in a correspondent from europe. my first thought when i was reading about the story was to those people making claims because of injuries or death relating to these airbags, do they now lose the chance of getting any money? elmer that is definitely not the case, what is happening as the company has set aside $850 million. this is all part of an agreement with the us department ofjustice. the problem was that the sum was not good to cover the scale of this event, of this recall, and that was pa rt event, of this recall, and that was part of what was the issue. in going forward with this bankruptcy process and it is a process involving court in delaware in the us and also in japan, they are selling some of the assets to an american firm that is chinese owned but the rest of the assets relating to

in jakarta from ages six to 10. global news, 24 hours a day.ed by more than 2600 journalists and analysts in 120 countries. this is bloomberg. david: president donald trump may be able to deliver part of his goal. a study by the mckinsey global institute says a struggling industry could make it come back. reliefll offer little for displaced tax workers. for more on this, i want to bring in katie george. eorge.y g we have a chart here looking at payrolls. what is the state of manufacturing in the u.s.? katie: we are still the world. -- country in the world. any 9% of jobs -- it plays outsized role on the economy. it contributes 30% of the productivity. that is what drives the standard of living. >> it is a big player in the manufacturing space. report,point of your there is the upside and downside. we should not rely on this to provide jobs. manufacturing contributes in important ways and will remain vital. we will not go back to the 1960's or 19 these in terms of huge numbers of factory jobs. manufacturing jobs are well-paying. they are importa

watching jakarta again after steep declines on thursday for the troubled airbag maker.expecting takata to file for bankruptcy on monday. pmi manufacturing we are also watching. more "bloomberg technology," next. ♪ emily: this is "bloomberg technology," i am emily chang. mark zuckerberg has written a new mission statement to give people the power to build community and bring the world closer together. at an event in chicago, he rolled out new rules to further engage its users. we have to build a world where every single person has a sense of purpose and community. that is how we are going to bring the world closer together. we need to bring a world -- build a world where we care just as much about anyone -- a person in india, china, mexico, nigeria, as much as a person here in chicago. emily: we're joined by david kirkpatrick, from techonomy. what is your reaction to this change in mission statement? been a lote is happening at facebook recently in talking about themselves differently. i think they are unbelievably responsive to the growing aboutns that have been the soc

isis claimed responsibility for the brutal bombings that killed three police officers at a jakarta bus station. we americans stand in sympathy livespport of those whose have been brutalized by such criminals. we must act now to prevent such threats from growing, otherwise it will place security at risk and stun economic dynamism. we need only look at the chaos and violence that our friends in the middle east are dealing with to see why we must swiftly, and jointly attend to threaten our region. we must defeat extremist organizations wherever they attempt to establish roots. syria, but iraq and also here in southeast asia. the u.s. or minsk committed -- remains committed to defeating -- to the coalition effort. the arab league, nato, interpol, and the european union are all fully committed at the political, law enforcement, and military levels to the destruction of isis. this heartbreaking attack we are observing now on a city in mindanao reminds us that terrorists intentionally make battlefields where the innocent love. these are humanitarian fields. we must vote ourselves to ensuring

isis also claimed responsibility for the brutal bombings that killed three police officers at a jakarta bus station. i will just say right now, ladies and gentlemen, that we americans stand in sympathy and support of those whose lives have been brutalized by such criminals. together, we must act now to prevent such threats from -- this threat from growing. otherwise, it will place security at risk and stunt economic dynamism. we need only look at the chaos and violence that our friends in the middle east are dealing with -- contending with to see why we must swiftly and jointly attend to threaten our region. as president trump emphasized during his first form trip in -- firste east, foreign trip in the middle east, we must defeat extremist organizations wherever they attempt to establish roots, not just in iraq and syria, but also here in southeast asia. the u.s. remains committed to the coalition effort. the arab league, nato, interpol, and the european union are all fully committed at the political, military, and law-enforcement levels to the destruction of isis. this heartbreaking at

i could well see myself singing "happy birthday" in german to tourists at a hotel bar in jakarta or bangkokcovery. this is gonna stick in my head now, this song. what's the best way to get two servings of veggies? v8 or a powdered drink? ready, go. ahhhhhhhh! shake! shake! shake! shake! shake! done! you gotta shake it! i shake it! glad i had a v8. the original way to fuel your day. and it's also a story mail aabout people and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ...where each drop was formulated to be smarter.... ...even smarter than that... ...so if a color didn't go on evenly, it would balance itself out to reveal its truest, richest state. if a paint could realize the fullest potential of any color... ...you have to wonder... is it still paint? aura interior from benjamin moo®e . only available at independently owned paint and hardware stores. i decided to see if there was a way for design to play a... ...positive role in what was going on in

in jakarta they expect to spend billions of dollars raising docks on their ports because the seas are rising. howard, that brings it into the international picture. once again we're waiting on the president, he is according to the white house producer, there at the rose garden. he is putting last minute changes and touches on his speech. go ahead, howard. >> first of all one important point we can never turn our back on west virginia and coal miners. liz: never. we mus'nt. we must help them. >> easy to do so, easy to do so with the economy of tomorrow not hanging on to the economy of yesterday. we should tax incentivize, and solar producers to base in west virginia. use training dollars to he retrain there, instead of trying to get an energy source will lose to natural gas. that was done not by barack obama you by a man named george mitchell when he discovered fracking. technology moved on. you have to realize how that affects your country to adapt to, making sure natural gas, solar wind, bringing west virginia along with it. you could have very, pittsburgh is a economy and pittsburgh

jakarta came back online and lost half or more than half of its value.s it could -- we have heard from the chairman, saying he thinks he the toshiba for semi conductor business. we have heard others are the front runners. significantly in china. the company did tell bloomberg its operations remain sound. we have been watching this story for some time. you can see the index of the nasdaq 100. ,he blue line is the msci information technology index. a big discrepancy. saying, you should be looking at these emerging-market tech stocks. they are actually 35% cheaper at the moment and the nasdaq index. analysts says if they had to make a choice, they would stocks.m.i.t. -- emit anna: theresa may will meet with leaders. howis expected to outline she will treat block citizens. joining us from brussels is matt miller. good morning. what does theresa may have to sell to the other 27 leaders? she is not allowed to stay a moment longer. matt: they are going to go through a number of things today including counterterrorism. they are going to talk about sharing securi

style election with a woman who doesn‘t like doing the media, ja ka rta doesn‘t like doing the media, jakartaairwaves. she looked like it was slightly beneath her. that sets the tone. by by way of contrast, the man who lost was the one left smiling. yes, no one expected him to win seats and i think there was a lot of concern that he wasn't going to be able to win seats and win votes and what's happened is we have had the biggest swing to a political party since 1945. people looked at the rallies. they knew he was a good campaigner but they didn't think that would necessarily translate to votes and seats. the fact that he has been able to mobilise and many young people and in those seats where the young people voted the turnout has gone up 4% or 5% and those seats have swung around to labour. on a day—to—day basis, in the place around us here, trying to get something changed or presented properly, how has it changed? we have more mp5 now. our position in westminster is much stronger. i think his credibility within the party and with the public has increased considerably in the course of this g

elizabeth: he's charged in a 2003 bombing outside a marriott hotel in jakarta. no trial date has been set quite yet. leland: security forces in saudi arabia say they have disrupted a major terror plot. a suicide bomber blew himself up during a police raid on a suspected hideout in mecca, the holiest city in islam, the saudi government says it was targeted for the grand mosque, the holiest site in islam as the fasting month of ramadan is set to end. elizabeth: coming up after the break, how will president trump retaliate against north korea for their brutal treatment of the american college student, otto warmbier who died this past monday? we'll take a closer look. >> the massive search for survivors and the dead after 62 homes and a hotel are buried in an instant by a devastating landslide. and thousands of firefighters are battling a series of wildfires across several western states at this hour. we are going to get the latest on their efforts to put out the flames and of course, save both lives and property. once upon a time hansel and gretel came upon a house

bloomberg west david remley joining us from jakarta on this story.e of succeeding in china? it's hard to say at this stage. they are facing a huge amount of challenges that got local rivals that have five times more listings in china, and cities that airbnb never even dreamed of reaching out to. so it really will depend on how ourting local at c customers, local listings, and courting the government to convince the government not to kick them out. betty: who are these local rivals? >> there are 2 primary local rivals. a very similar model to airbnb's in china. a are backed by the likes of morningstar --morningside. on the other side, you have a company that is huge, it has 700,000 listings. they are backed by china's agency andine travel the world's second-biggest online travel agency. shery: what is airbnb doing in china? how much are the investments? where are they investing? they are saying they are going to double if not triple the amount they just over the next few years. it's the only country outside of the u.s. where they have software enginee