let's bring in bloomberg businessweek editor joel weber. he did the interview. he's now back stateside with us here. so, joel, fascinating stuff. does the us, does the current administration, for example, have a preferred candidate? it's a great question. no, they wouldn't say. they won't say. and it does speak to just how fluid even the election is. we're still months away, right? taiwan's going to vote in january. a lot can happen between now and then. the last time taiwan voted for for president, which ended up being the current one who can no longer run because of term limits. that race was upended basically within the last few months of the race. so all eyes on this still and we'll see how it plays out. us, you know, will stay out of it, right? officially, they will stay out of this one. they have been known to kind of like weigh into it at points in the past. but i think everybody's on the sidelines for now. joel lie reiterated that idea of being a rational and steady leader in addressing that elephant in the room, if you will. you got some really incredib

paul: taiwanese vice president lai ching-te speaking is specific to bloomberg businessweek's joel weberhere. you can hear more from our exclusive interview with lai later this hour when we discuss where he sees the redline for china's military excursions, and whether washington's stance is too provocative. you can also read the story in this week's addition of bloomberg businessweek. another alert on the bloomberg terminal now, numbers out of csl. full-year revenue of up 26% to 13.3 one billion. final dividend, $1.29. shares have had a rough ride this year, but these numbers were fairly strong, from austria's biggest pharmaceutical manufacturer. just to recap, underlying profit, 2.6 $1 billion, up 10%. that is another stock to watch at the open when we get going here in austria in two hours. more in a moment. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh paul: we saw u.s. equities rising into the close ended and being a good day. futures looking like this at th

joel weber. bloomberg businessweek. all right.ut five minutes away here in hong kong. we'll get you a roundup of the sort of big movers. what you want to talk to you guys about chips, though. and we're seeing this move really against the grain on the back of. well, you have news out of micronics here talking about and management guidance here to the upside on laying out expectations in terms of demand. that's number one. number two, we woke up this morning with quite a big pop in shares of nvidia. so this rally seems to be juxtaposed against the global chip rally we're seeing overnight. plus, morgan stanley, by the way, when the chips fall, they say it's time to buy the sell off. and nvidia is a good entry point as far as morgan stanley is concerned. so this is really one of the i guess, has few bright spots today. that's right. in the opposite direction, though. we have chinese stocks. if you take a look at the hang seng china enterprises index. it is down about 7/10 of 1%. of course, this is the third day of that index getting u

. >> in taipei, taiwan, joel weber, bloomberg businessweek.sation as well. tell us more about who he is and what you've discovered about him. joel: got his back story, one thing that stood out to me was that before he was a politician, he was a doctor. i think that really has informed his worldview. so the vice president has not been a doctor for years now, but he still approaches being a politician as what's wrong with you and how can i help fix it. i think that really informed his rise as a politician in taiwan and also reveals a little bit of his approach going into the selection, which will be genuine. shery: what's the state of the race now and why is 2024 so interesting? joel: it's a heated race with three official candidates and a likely fourth. you've got a doctor, a surgeon, a former detective and a likely candidate in a billionaire entering the race. that basically has everyone looking at this because if the election were tomorrow, he would probably be the winner. he's got between 30% and 40% of the vote but their means -- that means

so that was the taiwanese vice president speaking exclusively to bloomberg businessweek's joel weber. let's stay in the region and get more on the china data. it is our top story this morning with bloomberg's eric zhou. eric, what is your take on this data and the pboc rate cut. clearly, it's not a good start for second half of the year. so we see a broad slowdown in all of the major activity indicators and it's one, two messages. one is clearly the continuing slump in the housing market is continuing to drag on the growth and also low confidence is also, you know, now nullifying some of the policy announcements which have been done earlier. so that's clearly means the government, the pboc needs to do more following today's interest rate cut to further support the growth. and you've seen country garden recovering somewhat today after a very difficult day yesterday. but from today's numbers, what do you see as the risks if the housing crisis deepens further? yeah, i think it's far from over. the housing crisis. so the data published today hasn't seen any, you know, promising signs of q

taiwan's vp speaking to bloomberg's joel weber. keep an eye on that story. you're going to be hearing more. think he's in the states? i think this story is one that the taiwanese are clearly very keen to make sure the spotlight stays upon. let's put the spotlight now on what's happening in the markets and figure out what's going on. ftse 100 underperforming today really quite significantly, which is surprising given the positive data we've seen the wage data very strong, but it's not that story. it's actually the chinese story, which is weighing on the ftse 100 today. hsbc is down, but it's the big miners. they're down as well. names like antofagasta are under pressure, glencore under pressure. that's what's weighing on the ftse 100. take a look at what's happening with marks and spencer. the retail kind of high street darling doing really well today. that tells you more about the domestic story. but that's a 250. the dax is down. i think only 5 or 6 stocks are in positive territory. the mood definitely more negative today. the kekerengu down by 1.2%. again,