seen.s to >> just looking at this list here at the moment, very she big with improvement for malaysia and vietnamle those two countries climbing? malaysia is really come return of the 93-year-old leader who has around.things amongia is not longer the top economies. matters, done very ffectively is to renegotiate these big flagship belt and road initiatives, with beijing, without -- his focus has been on resilience and and improving the argaining power of small southeast asian countries. >> thanks for that. very interesting read. straight ahead on bloomberg, e'll have exclusive access to the morgan stanley china summit in beijing. we'll talk to some big guests. to some big guests. paul: good morning. i am paul allen in sydney. we are an hour away from the australian market open. shery: good evening. i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this wednesday, asian stocks look set to follow wall street lower. a protracted u.s.-china trade war. a risk-off rally in 10-year treasuries sees the yield curve fall deeper into

since china halted imports of plastic waste in 2017 southeast asian countries like malaysia vietnam and thailand have taken over a big chunk of the global plastics recycling trade but the flow of plastic waste from wealthy nations around the world is proving too much to handle last october malaysia banned the import of non-recyclable plastic rubbish now it says it will start sending all the plastic west imports back to where they came from. we are here to urge the developed countries to also review. management of plastic waste and stop shipping garbage out to the developing countries if the sheep to malaysia we will return it back we doubtless this inspection of poor planning on choose to uncovered more than $450.00 tons of illegally imported plastic waste packed tightly into 10 containers that came from as far afield as a stray or bangladesh canada china japan saudi arabia and the us wherever this waste eventually ends up the chances are it will simply be added to the world's plastic trash heap just 9 percent of the plastic produced between 1950 and 2015 that 65 years has been properly

malaysia. indonesia vietnam are not going to pick sides i'm fearful that the u.s. at this point of time is using every avenue possible to place pressure on china the u.s. is going to be hurt china is going to be hurt. creech and which is one of the most dynamic economic regions they're all going to be hurt so they're really know we're nervous but. it's just it's just a question of who knows loses more. 10 years now jacqueline in view that will take over 30 minutes with more playable updates so they stay with us. this in petersburg international economic forum is a unique event in today's business world. over the last 21 years the forum has become a leading global platform for discussing the key economic issues facing russia emerging markets and the world thousands of business community members attend a forum to address today's and vital issues. watch our special forum coverage on r.t. . they were going to see that happen to you it was most feet with a militia overthrow the previous governments the needs of the former president and c.e.o. court which to 40 years the

malaysia. indonesia vietnam are not going to pick sides but i'm fearful that the u.s. at this point of time is using every avenue possible to place pressure on china the u.s. is going to be hurt china is going to be hurt if they ship pacific region which is one of the most dynamic economic regions they're all going to be hurt so they're really nor we're nervous but. it's just it's just a question of who knows loses more. that's a global news wrap up for now but i'll be back at the top of the hour with the latest thanks for telling it 1. what is it going to coin is magic a new type of digital currency the centralized digital scarcity chancellor. of 2nd or bank that's called the genesis blog for reason to calling it civil disobedience a source of optimism because i can control my own financial destiny it's just a new way of coming to consensus it's a game changer in the human history and this is columbus discovering the new world this paradigm shifting technology that transforms economics and finance in a heartbeat the apollo 11 landing on to the max and stacey. facebook

from china set up businesses in these other countries so they have set up there still is in malaysia thailand vietnam philippines to accept these materials that they could not bring in bar of china so we've got really a shift in the problem from china to these other countries and some of these facilities we know were set up and not approved by local authorities so in a sense though running illegally and some of those have been closed down quite publicly showers there as well so is it a 2 ended problem so you have the unscrupulous operators in the source country if you like who are sending in knowingly illegal shipments and then there are those who are prepared to receive them in the receiving countries is that what's happening. yes and i think we really should talk about the ones that are shipping contaminated materials in the 1st place. this is a very difficult thing to control because once something is loaded into a container and put onto a ship it's very hard to turn that around and get that back and the definition of purity is also not very well defined so if something is 95 percent salt or plast

malaysia. indonesia vietnam are not going to pick sides but i'm fearful that the u.s. at this point of time is using every avenue possible to place pressure on china the u.s. is going to be hurt china is going to be hurt. creech and which is one of the most dynamic economic regions they're all going to be hurt so they're really know we're nervous but. it's just it's just a question of who knows loses more that's a wrap up of the day's top news for now but don't forget you can always find us on many of your favorite social media platforms like twitter and facebook props and mint reports. this in petersburg international economic forum is a unique event in today's business world. over the last 21 years the forum has become a leading global platform for discussing the keegan or making. issues facing russia emerging markets and the world thousands of business community members attend the forum to address today's vital issues. special forum coverage on r.t. . this is a story about what happens auster a stray bullet kills a young girl in the street. what happens to her famil

from china set up businesses in these other countries so they have set up there still is in malaysia thailand vietnam philippines to accept these materials that they could not bring in bar of china so we've got really a shift in the problem from china to these other countries and some of the facilities we know were set up and not approved by local authorities so in a sense though running illegally and some of those have been closed down quite publicly say as well so is it a 2 ended problem so you have the unscrupulous operators in the source country if you like who are sending in knowingly illegal shipments and then there are those who are prepared to receive them in the receiving countries is that what's happening. yes and i think we really should talk about the ones that are shipping contaminated materials in the 1st place. this is a very difficult thing to control because once something is loaded into a container and put onto a ship it's very hard to turn that around and get that back and the definition of purity is also not very well defined so if something is 95 percent salt or plastic well that

malaysia. indonesia vietnam are not going to pick sides but i'm fearful that the u.s. at this point of time is using every avenue possible to place pressure on china the u.s. is going to be hurt china is going to be hurt if they ship pacific region which is one of the most dynamic economic regions they're all going to be hurt so they're really nor we're nerves. it's just it's just a question of who knows loses more better global news update for this hour but don't forget you can always have to our website r.t. dot com for the details on all the stories and many more. after the previous stage of my career was over everyone wondered what i was going to do next the pope the ball different clubs on one hand it is logical to sit in the home field where everything is familiar on the other i wanted a new challenge and a fresh perspective from i'm used to surprising people. why not if you think. i'm going to talk about football not the or else you can think i was going to do. by the way what is that that's like here. this is a story about what happens auster a stray bullet kil

way that you can recycle it that's why they're being shipped into poor countries like malaysia indonesia 15 vietnam india and that is why we're asking for new ways of packaging or even. no packaging is an option or i do appreciate that says plenty more we could discuss on this but that's as far as we can go on this particular program do you appreciate your time all our guests back on does the at every shake and edward because you have thank you very much indeed and thank you very much indeed for watching and you can see the whole program again any time by visiting our website al-jazeera dot com and for further discussion go to our facebook page that's facebook dot com for slash inside story you can also join the conversation on twitter handle is that a.j. as i just made a clone of the whole team here it is time for the. in a 2 part series. 0 observes the lives of 2 children. over 20 years. where insights into circumstances that shape lives. in a rapidly changing world. 20 years of mean continues with good morning groups in india on al-jazeera. culture a dance thrives here every day generations of t

over time the investments that are in china would go to malaysia, indonesia, vietnam and so forth. at the same time we could look the other way, the symbiotic leadership irelationship in whiw together but we can't growing like we have. >> president obama would draw all of these red lines and he would get countries cross them and they weren't enforced as red lines. we saw it with syria. our president is trying to say, when i draw a red line, i mean it. he's trying to create a situation where these negotiations can be enforced and that it would be different in terms of what we've seen in history. no one has been drive enough really to stand up to china. david: .>> from a policy perspei agree with what you're saying. we absolutely have to achieve this. no, i agree. let's not get carried away. the deal-making president said the deadline for this deal was march 31. david: let's not say that the president of the united states is less trustworthy than the head of a communist country. come on, adam, really? >> i didn't say that. david: that's what you were implying. go ahead professor. >>

the ground into water and land it isn't pretty cargo ships but it's alternative destinations vietnam malaysia thailand one of asia and africa. garners been thinking in european elektra explain for decades and i promise you there are very few nonpolluting recycling plants there it used to be that china was the world's recycling capital they got sick of it too much pollution waste band importing certain rubbish and others following in their example malaysia will not be the dumping ground of the world we will send the waste back to their original countries i will take care of my own rubbish you should take care of use there are conventions of the basil convention for example the point of which was to stop the rich countries from dumping all their waste on poor nations but there are no punishments violates the will it's simple economics for most waste recycling properly is difficult expensive but dumping waste on those desperate enough to go through it by hand manually at cheaper question now is where will north america europe send all their waste when the poor have had enough. when president goi

on the year or so of tariffs we've had so far show most of the production has shifted to malaysia, mexico, vietnam, other low wage countries. now, if you view the situation like bannon does, that it's a civilization struggle between the u.s. and china, then having that production in malaysia is better than china. i doubt it's coming back to the u.s. >> is the next step if it moves to those places, this is the trade war shift from china to those countries? >> thank you very much we appreciate it >>> to the bond market yields moving lower. mr. santelli tracks the action at the cme >> hi, tyler indeed, they have moved lower. about three or four basis points lower on all maturities on the curve. the interesting issue is normally the equity markets especially on days they reverse kind of pull up interest rates today it's not really having that effect. and we are sitting on very important levels basically the low yields of the year on the long end and if we concentrate on the long end, look at the spread between 30-year bonds and ten-year notes back to november of 2017. because with a difference of 44 b

singapore —based firm, and grab faces stiff competition in its home country as well as malaysia, the philippines and vietnama based go jek. philippines and vietnam from indonesia based gojek. i asked a correspondent whether uber‘s ipo will set a benchmark for the valuation of ride hailing companies in asia. i definitely think so. it is extremely exciting, and i think they are going to go really well. i think the interesting thing with grab and go—jek, if anything they have even more potential since they are turning into super apps, doing much more than what uber is doing, adding payment, adding a lot of other services, so if anything, i think we will potentially see even higher. but these companies, including uber, it takes them a very long time to turn a profit. in the interim, they are burning cash. how do they become so appealing to shareholders, and how realistic are these valuations? i mean, shareholders believe at some point in time it will go into natural mode, that the area they have access to, the ability to add more services, will ensure it is harder for competitors to get in and offer a similar t

this investment that sweeney just outlined is going to malaysia, vietnam, poland, is it?is to bring that back into america. he will struggle. the investment, maybe this chart is under reporting and the investment is intangibles. it is when you are looking at the data, seeing software investment, ip is where the growth is. will he get this to come back as well? if he is looking for job cuts, he might argue there is nothing he can do to bring fixed capital investment back up again. i would argue that might well be the case. francine: we go backwards and forward about how the trade war ends, if it ends, why it ends. as the only real question, how does president trump measure success? does that give us a good indication of what happens with the trade war? james: political success is the measure for a politician so he is looking ahead to his next election. he needs to keep the economy on the right track and send the message to his core voters that he is doing something about this week manufacturing investment -- weak manufacturing investment and weak job growth. the trade war

malaysia. indonesia of vietnam i'm not going to pick sides but i'm fearful that the us at this point of time is using every avenue possible to place pressure on china the u.s. is going to be hurt china is going to be hurt. region which is one of the most dynamic economic regions they're all going to be hurt so they're really nor with nerves. it's just it's just a question of who knows loses more. automated voice assistants like siri and alexa can be a problem for example when they fail to do is that told all misunderstand what you say but you know things there are a bigger problem that the educational body of the un in a new 150 page report is raising the sex as a law claiming that these robotic helpers promote gender stereotypes. this observing soap digital voice assistance becomes especially concerning when these machines on top of more farms this female basic knowledge accompanies good deflecting like last year or apologetic responses to verbal sexual harassment. because of the speech of most voice assistants is female it sends a signal that women are obliging sorrow and eager to please help

moving to malaysia, philippines, vietnam. >> do you have percentages or does it fluctuate? >> i couldn't give you a percentage whatever the category is, we look at should we move out as a backup plan -- as an additional plan we will raise price if we have to. >> you will? >> if we have to >> are we talking about things -- people are talking about $800 per family because of tariffs. >> that sounds high to me. >> right >> it sounds high to me. >> it would be like a little bit less than a big sale, you know what i mean? >> it depends on the category. for us if we have to raise 25%, that would be pretty tough we'll offset with cost savings by moving things in and out. whatever the difference is, if we can raise price, we will. >> people want to say there's going to be margin pressure. >> yeah. yeah >> now i'm in the elevator today i look up it says logitech introducing new virtual reality pen. to me this thing sounds incredibly cool. i know it's not on the table yet. this is the kind of cutting edge thing you have that nobody else has. >> it is so cool picture something like th

fears is a reshuffling of the deck around the pacific rim, and that involves australia, japan, malaysia, vietnames, that changes the dynamic with us and china. neil: ben, what do you tell investors? >> we tell investors, you know, to be a little more cautious right now with markets. trade was not a concern until it became one late in q4 really last year. we were talking about it kind of all last year. when the market wakes up to it, they start seeing it in quarterly earnings, that's when the market will react to this. if it's a prolonged trade dispute i think it's time to start thinking about a little more defensiveness, higher bond exposure, lower u.s. equity exposure. neil: thank you all very, very much. want to update you, new york lawmakers have voted to allow the release of the president's state tax returns, the state tax returns, to democrats in congress. the bill is on the way to the governor now. there are a lot of legal restrictions here, whether they can actually do such a thing, but again, in new york, at least, the state tax returns in question from the president dating back a number

. >> are you really looking at those typical spots, malaysia, perhaps vietnam, when you're looking at places that have the sort of manufacturing infrastructure to pick up the slack? what are some of the other issues that you end up with as you make those adjustments >> well, the challenge that these robots have more technology than you would find in many cell phones, and so tens of millions of lines of code and sensors and motors and large batteries and so the infrastructure to create something of this complexity is difficult to just pick up and move, and so that we're investing in getting the lineup in malaysia where we can still create a competitively priced robot and then watching the infrastructure work to catch up as we develop and scale. >> what do you expect this to go technology that detects spills so that these robots can focus on specific areas or more voice command? what are the sort of things you think will make this robot better in the future >> the s-9, this new robot we're launching today is a munster and not only can you direct it and have it operate automatically, it'

plastics from china set up businesses in these other countries so the set of facilities in malaysia thailand vietnam philippines to accept these materials they could not bring in foreign china we've got really a shift in the problem from china to these other countries and some of these facilities we know were set up and not approved by the local authorities so in a sense though running illegally and some of those have been closed down quite publicly jealousy as well so is it is it a 2 ended problem so you have the unscrupulous operators in the source country if you like who is sending in knowingly illegal shipments and then there are those who are prepared to receive them in the receiving countries is that what's happening. yes and i think we really should talk about the ones that are shipping contaminated materials in the 1st place. this is a very difficult thing to control because once something is loaded into a container and put onto a ship it's very hard to turn that around and get that back and the definition of purity is also not very well defined so if something is 95 percent salt or plastic

looking for alternative supplies, for the most part they are looking elsewhere in asia, looking at vietnam, malaysiaause we 1i6r7ly don't have the supply changes at home. so the challenges that americans will end up paying more, clearly there are major problems with china. those need to be tackled, but the tax strategy is a sort of doubling down in a way that says americans will have to pay now that with the president as hope in the long term americans will get a good deal. robert, it looked like the trade talks were doing well, but then we saw them break down this week in washington. he said that the u.s. must remove all extra tariffs before a deal can be reached. president trump clearly thinking he's negotiating from a position of strength, but china certainly doesn't sound scared. who has the upper hand? >> i think it's a pretty strong match. the u.s. has an advantage, because our economy is very strong. you certainly talked to people on the hill and the white house, they say we can afford to do this now, because the u.s. economy is strong. china exports more to the u.s. than they import, but the

haslinda: thailand, malaysia, the philippines, and vietnam. the world's most complex regions. >> we have such huge diversity, and such an ability now to create business and create connectivity. haslinda: asean has a combined economy the size of india. the opportunities are massive, but so are the challenges. >>

report to congress does add vietnam and malaysia to the watchlist.icians from around the ofld have representatives facebook, google, and twitter. lawmakers from countries including canada and the u.k., mexico, participating in a wide-ranging earring. much of the conversation centering around the fact mark zuckerberg did not show up as requested to answer questions himself. europe, bonds rose after a commissioner said he does not favor sanctions over reaches of the debt rules. he said an exchange of letters was more likely. towill devote all his energy old and obsolete rules. there was a divisive this -- decisive win in the eu elections. awayas promised to give billion she is getting from jeff bezos. she is one of 19 signatories in the giving pledge. more than 200 people have committed to giving more than 50% of their wealth to such causes. >> let's check in. tokyo. having a look what is going on. weakness across the board. we are coming back from the lows of the day. a-shares are recovering. csi, mainland china, down. hang seng also down. let's have

what they tell me they are doing is they are looking for alternative arrangements either in malaysia or vietnamor taking a look at mexico as a way to change their logistics and supply chain arrangements. the longer it goes on, u.s. companies are adopting. inserting a number of industries that selling to china. >> is china kicking its debt problem down the road. i think a lot of people said they should stimulate their economy, but this -- the economy is slowing down. are they prolonging the day of reckoning? a lot of people think the risk is rising that their debt issue could end badly. robert: our work at the dallas fed suggests they have a significant debt issue in china and they have a significant nonperforming loan issue. that is why the government last year cracked down on the shadow banking system, to try to get a grip on that. one thing china has is they are not reliant on global capital. they have a high savings rate here. it will be a painful thing to manage this amount of leverage it.wean off of they of such a high domestic savings rate that they can deal with this problem, probably ef

also includes number of other countries, germany, ireland, italy, japan, south korea, malaysia, singapore and vietnam. also today the president taking shots at former vice president joe biden of the just listen. >> well, kim jong-un made a statement that joe biden is a low i.q. individual. he probably is based on his record. i think i agree with him on that. reporter: the former vice president now through an aide has responded to this. there is the statement that they released. the president's comments are beneath the dignity of the office. to be on foreign soil on memorial day and side repeatedly with a murderous dictator against a fellow american and former vice president speaks for itself. his campaign said they waited until today to respond because of memorial day. as you know vice president, former vice president is joe biden is front-runner on the democratic side for their presidential nomination. blake? blake: edward lawrence live at the white house, thank you. there is no end in sight for high-profile feuding between president trump and congressional democrats between speaker of the house nan

on till it issued an all out ban and 2017 since then malaysia has become the world's number one plastic wisdom porter followed by tightened vietnam hong kong and the us. much of the plastic waste that's been arriving in malaysia for the last year can't be recycled making it more likely that it will simply be dumped one day. lease you membered there where you put blue went by the word you will pollute goodness or the world's will tile and feared now are expected to soon follow malaysia's ban but the flow of plastic west probably won't stop as a result wealthy countries will more likely simply seek out a new home for us. and now to some other business stories making the news. discount a german supermarket ality is to open its 1st 2 stores in china next week its flagship operation will be based in shanghai the retailer already launched online sales and the world's 2nd largest economy and 2017 including china has over $6200.00 stores in 11 countries including the u.s. and australia. car production in britain was hammered in april output fell by more than 44 percent year on year factories shut down to sidestep the risk of a potentiall

ists.nfucian haslinda: thailand, malaysia, the philippines, and vietnam.sean is one of the world's most complex regions. >> we have such huge diversity, and such an ability now to create connectivity. haslinda: asean has a combined economy the size of india. the opportunities are massive, but so are the challenges. doug: the importance of outreach is -- -- >> the importance of outreaches --. haslinda: south asia is a region at a crossroads, and emerging economic powerhouse whose future depends on key decisions made now affect the next-generation. ♪ haslinda: hello, i'm haslinda amin. we begin in thailand, where a little over 50 years ago, asean was born. five countries that came together, fearful of the advance of communist china. a lot has changed since then. vietnam, myanmar, and cambodia joined from difficult times, as the region's economies have been bringing in more than 5% a year for the past 10 years. >> its biggest achievement is to take the most diverse corner of planet earth, where out of 640 million people, you have 300 million muslims, 120 mill

aside the islands onemselves, we're talking about china and taiwan ohand; and then, vietnam, the philippines, malaysiadonesia and brunei-- all with overlapping claims to the waters and the reefs and no path forward at the moment. >> sreenivasan: d what is the u.s.' interest in all of this? where do we stand? who do we support, or who are we allied with? >> the u.s. is interested primarily about the rules, right? so, we don't really care, ultimately, who controls which rock or who controls which reef that is for ates to decide themselves. we want to make sure they do itc rding to the rules. and the problem from the u.s.' perspective is that china's claim and taiwan's claim doesn't follow those rules. every country in theorld, under international law, gets a 200-nautical mile exclusive economic zone in which o.y they can fi china claims 1,000 miles, five times the legal limit, and we're d t prepared to accept that. >> sreenivasan: at about the ship traffic that goes through this area? >> it is the busiest shipping area on the planet. so, the... the strait of malacca, at the south soutrn end of the south

reports are out that chinese manufacturing is moving towards vietnam, malaysia, and malaysia. always great with your insights. come back soon. >> know, yet from the white house and the treasury department after the house ways and means committee. the democrats issuing a subpoena to the treasury secretary, mr. mnuchin and the irs commissioner to hand over president trumps tax returns. we are staying on that story for you. let's get to jerry with the hot action. jerry with the latest on the markets. >> what a day in the market fell three major indexes ending in the green. the dow up 114 points the s&p 500 up to ten, the nasdaq up six. it was a turnaround for the dow, move of 550 points, that's the biggest swing since january 4. at the end of this week though, all indexes are lower, nasdaq down 3%, the worst performance, the s&p and dow both down 2%. for the dow that's the worst performance since march 8. the big news story of the day, cooper struggling with its ipo today. it is supposed to be priced at 45, came out at 42. it was a to r and 20 minute as they try to price the stoc

vietnam, singapore, malaysia. they really wanted to name china a currency manipulator, they can still do it through the 1988 act which is more substantial. joe: for more on these stories, don't miss "daybreak australia" starting atk asia" 6:00 eastern. numbers for gdp for the u.s. out tomorrow. romaine: uber reports first-quarter earnings after the bell. " is nextg technology in the u.s. this is bloomberg. ♪ ♪ i'm emily chang in san francisco and this is "bloomberg technology." muellercounsel robert leaves a foreboding warning about systematic efforts to interfere in the 2016 u.s. election. tech was their weapon. how well-prepared are we to prevent it from happening again? american companies are rushing to boost the supply of rare earth