john dawson joins us right now.f you take a look at the s&p, it hasn't seen a correction of more than 10% in two years. >> the only one they have seen a 6% the last two years. of course, two years ago, that was the 2010 -- that was a concern. it hasn't happened since. many say it is going to happen. far, in thesia so shadow of quantitative easing, the bank of japan pumping out a lot of money onto the markets, but very different from china to japan, from india to south korea , very different cycles going on. let's get you the idea and have a look at the charts. there are lots of charts. japan, first of all, the mckay to 25 has underperformed all developed markets so far this year. down 7.5% for the year. we are entering the second quarter today. the worst performer. clearly, autonomic's -- abeno mics is not working so well. traction in see this, particularly the public pension fund buying the stocks. there you can see it again, performance has picked up again. overall for the year, disappointing for the nikkei. china

here is john dawson. >> forums are really quite low. high --re really volumes are really high in the u.s.. japan evenarkets in though the yen is quite strong, up by one third of 1% in malaysia. chineseforward to the crucial 49.7. japan.at stocks in for example, we have the overnight deal of al to him being bought by general electric. alstom beingeham bought by general electric. -- are alsoso involved with hitachi and toshiba sharing a slight decline. --also have this report of a a pinball tax they're calling it or slot machine tax. sammy isee that sega up by 3.2 touches down by 3.2 percent. those are examples of stocks that have seen declines. stay with the japanese story. the yen is 102.10. dollar/yen trading quite low. nevertheless, and corporate japan, the day -- there is the ge story and the pinball tax stocks. >> thanks, john. china's biggest oil and gas reducer. chinaorders are finding national petroleum corporation miscalculated their gas sales and also fails to report a gas project on time. there is a gas storage facility in the

i'm john dawson. >> the ultimate in flying for those of us with no private jets. apartment.irborn here are some of the most luxurious options. >> is this the start of a -- the latest on the shangrila talks. >> japan probably needs to realize that striking chinese nationalism is probably not the best approach. i think aba is probably a little concerned to get the support of the united states. i think probably is probably the player that can pull back here. there needs to be negotiations and talks. maybe obama needs to consider -- visiting china again. he's only been there once in 2009. >> are you going to butt focus n chuck hagel saying that what china's actions are in the south china's sea is destablizing. we saw some very heated sponts from china. so if the u.s. and japan are in this together, do you think the united states needs to pull back then? >> yes, indeed. i think the united states is trying to reassure its asian allies and reassure vietnam. china is testing it. that seems quite clear. there has to be a cooler l -- cooler discussions. there should be a di

john dawson has been digging through the fine print. what did he have to say?sn't been shot just yet. one of the highest corporate taxes in the world is japan, some 35%. it will come down to 20%. also farming is a huge part of the economy. childcare, getting women back to satiateade liberal or -- liberalization. invest more aggressively in stocks and also foreign and domestic markets, and casinos. they would like to introduce , so overall casinos it is quite encouraging. to boost companies wages and spend the cash, otherwise the whole plan falls apart. >> what is the big concern as he fires the third and final arrow? >> it is of course the economy again, clearly. if it doesn't happen again, the whole machine stops and breaks down in the third arrow goes straight down, unfortunately. >> we shall see. >> thank you very much, john dawson there in hong kong. shareholder -- the issue is ceo pay. teamberg industries has a of analysts providing global research and data on 100 industries and all major sectors as well. thanks for joining us today. wpp. kick off with up

john dawson has the latest details from hong kong. that could threaten britain's recovery and rate hikes could come sooner than markets currently expect. that's the warning mark carney gave it the annual mansion house address. business correspondent caroline hyde has been following the events. good morning. how soon will the rates rise? it's the impossible question. stands atmoment it april next year. be could see many speculating and interest rate hike as soon as the end of 2014. even if this is the most hawkish we have heard him basically since he's taken over at the bank of england, this is the first real recognition that rates could start rising sooner than the market expects. remainying it will gradually and sticking to the lines then when they do rise, they will rise slowly rather than quickly. certainly, let's have a listen to what he said last night. market posehousing an immediate threat to financial stability today? it does not. could it in the future? yes, it could, especially for we do not learn the lessons of the past. we

and thanks to john dawson in singapore.ve more on the territorial tensions after the break. we will look at how the growing war of words is weighing on the minds of investors. stay with us. newly causing people to change the fundamental views on growth in the region. something to keep an eye on. that could bring an impact on in theence and pricing th region. >> australia is so sensitive to any economic moves in china. we have the strong figures showing the industrial sector holding up. that is a positive sign for australia's commodity businesses. as youfident are you place your bets on those commodity-related companies? as you said, we are seeing somebody me in terms of growth in china. a little bit week so far this year with the manufacturing sector and to the many stimulus -- the mini stimulus. a lot of supply coming on from the large producers. that seems to be keeping that market well supplied? that is a significant driver of the sector within australia. and also the australian economy in terms of trade. we are pretty c

john dawson, thanks for that.est oil producer under reported to the tuna of $97 million. china national petroleum corp. miscalculated from natural gas in, from natural gas sales -- sells from natural gas and build a storage facility without permission. of the state of china's economy adding to the picture of a slowdown. the beige book said capital spending a weekend and apply for credit to this quarter. he has promised no hard landing and said they will make adjustments to meet the growth target. meanwhile, over in japan, considering a new tax. slot machine games. the newspaper said it would cover lost revenue from a corporate tax cut next year. sankei, you can see the effects of what that means. everyone down. two point 9%. let's check japan right now. open.opening to a higher as what we are getting. 0.5% up. all right, investors have largely shunned japanese stocks in this year's the clients -- declines. they are seeing opportunities. zeb will bring us more. what opportunities are they seeing? stoking their own

john dawson in hong kong. with the breakdown of the numbers. good morning, john. chris good morning. -- >> good morning. that is the concern here. the figure is above the forecast 2.5%.% coming in at the australian doctor is the -- dollar is the most responsive. overall, quite encouraging. concerns over food prices rising. and the banks and more easing. 2.5% target. there isn't room for more easing. it is not done yet. -- and there is a more easing. it is the fastest pace in four months. >> john dawson and hong kong. franklin templeton provided his perspective out of china. manages $45 billion i said he is optimistic on china's economy and the long-term and expecting failures and the short term. >> china is going through an credible almost revolutionary change. is -- if youp added 10 points, [indiscernible] incredible change. the 10 points is -- [indiscernible] internet seen in the joined aalibaba, money-market fund. also signing a bond market. propertynge in the system. all of these changes will have an incredible impact. i am optimistic, however, you will get a

but first, i will check the broader picture in asia with john dawson. let's start with you first. >> the rest has to cover. --china, this is the year second quarter as well. technical trading going on. it is down 2.2%. clearly their concerns about whether it will be a hard or soft landing. they talked about seven percent growth. also wage pressure. we need to see an increase in real wage income, that is a concern. robert c -- property prices are falling. there is a concern about that. credit squeeze, credit bubble issues. the second half of this year concerns facing china. ..5% weakness japan is quite different. abenomics at play. the prime minister talking about he promises to stick with this plan. a 30 point plank coming out last week. we want to see-- is evidence of it working out. a nymexd've thought of would help the stock market, but it is not. see $1.2 trillion in action. the nikkei is a worst-performing developed market so far this year. last year it was a best performer and this year it is the opposite. compared to the yuan which is the weakest

let's get it over to john dawson. on friday, you have the hang seng finishing below 23,000.ow it is about it. that is quite encouraging. the markets rebounded again. you can see -- look at this really strong rebound today. that was the impact above the 2000 mark. significantly and it has now jumped up in that trading range right there. wall, may sales are down 15%. shares are down about 5% right now. is oneading range, that of the stocks we are following today. screen, china's market opened lower and has recovered. the top three performance are gas stocks, also declining. great wall, the biggest decline or. yan, thiscomposite, after the figure -- again, this after the figures come out on friday. you see the national retailers. energy stocks seeing gains. a bit of a mixed bag. that was the lift again but markets holding after opening lower. -- they have finished up their lunch in japan and we have the stronger than expected growth number you broke earlier today. what is the overall view and how are the markets reacting? washe first quarter pre-sales tax rise to 5%. the big-ti

the big bad today and the winner is john dawson. >> you are missing that. >> i am sure you will give are raising their it is ag will stop machine equipment company. there is an increase. there is a low price of the stock itself. earnings and it will be a strong performer. >> all right guys. it is the beginning of the week. that is diverted from the stock exchange. thanks for joining us. "on the move." is next. ♪ good morning. this is "on the move." 13 dead as militants attacked karachi airport. the army says it is back in control. asian stocks are at an eight-month high. questions over the world cup. sponsors are nervous about qatar. breaking news out of karachi. a night long gun battle between heavily armed militants.

. >> credit to john dawson for not saying brazil. >> germany will win. >> we will remember if that happensworld cup fever hits brazil. there are infrastructure delays. we are joined by our guest. thank you very much for coming in. less talking -- let's talk about what is happening. >> it is all to do with the markets. the markets seem to be taking the view that doma will lose the election. interventionist. they think they'll get a mold the type of situation. that is the senator of the social democracy that seems to be up principle opponent. is there someone in waiting? >> probably many. he would go in the same direction. the country would have to -- they so much work to do to restructure. pimco is pointing out politic including the story of the population. how much do you hold? >> i think your guess was quoting the consumer and certainly over a 20-30 year view. you would have to be in brazil. for an investor for a 2-3 or five year horizon, politics matter. also, the exchange rate is very high. brazil has got a cost production that is too high. the economy is struggling. it looks like that

john shaw and the deep center field to the a's look like they're cruising for nothing give dawson entrepot tied at 8 >> : a potluck supper back a moment. burris members of oakland city council boycotted a meeting to vote on the a's 10 year extension oakland coliseum today they need more time to deliberate over lead to details. when somebody is doing a story already on the air once, give myself badly believe these poor politicians and oakland churn off a deal. >> : you go on and on and on after years. complete anything >> : after watter been >> : burned as it will work out news does not will miss a game trips they're talking out hundreds of thousands of dollars today he is quoted as saying an miss minicamp but not upset with anybody not stressing at the end of the debt of i don't get the deal at least tried will keep my brain alive once again these guys get paid as little signing bonus we'll show up for game u.s. $300,000 and and i mean business right now brian davis just walking around people in need of football interview in the summer santa barbara to set down as call athletic director ye