all at sea, matt taylor looks for the impact of rising sea temperatures around scotland's shetland islesers to heatwave hell on london's public underground actually lie overg round ? this time on weather world, we are looking at rising temperatures and how they impact how we live, work and travel. i am inside what will be, when completed, the world's tallest modular tower block. earlier we look to some of the materials used in this tower block, but nowjohn willjoin us again to explain a little bit about the concept. john, tell me about this off—site manufacturing process of this modular build. off—site manufacturing is what we do in our bedford factory, we use conventional building materials and assemble them in a factory environment, on a carousel that moves around a factory, so we use much less energy in doing so. then they are transported to site in a truck and erected on—site. so once complete there will be 546 apartments this block, so how many modules is that? that's 1520 modules, a typical one bed apartment is two modules. the apartment we are currently in has a living room which

all at sea, matt taylor looks for the impact of rising sea temperatures around scotland's shetland islestland's shetland isles. and good a nswers to scotland's shetland isles. and good answers to heatwave hell on london public underground actually lie overground? public underground actually lie overg round ? this public underground actually lie overground? this time on weather world, real looking rising temperatures and how they impact how we live, work and travel. i am inside what will be, when completed, the world's told us modular tower block, earlier we look to some of the materials used in this tower block, but now john the materials used in this tower block, but nowjohn willjoin us again to explain a little bit about the concept. john, tell me about this off—site manufacturing process of this modular build. off-site manufacturing is what we do in our bedford factory, we use conventional building materials and assemble them ina building materials and assemble them in a factory environment, and on the carousel that moves around a factory, so we use much less energy in doing so. in th

now here is matt taylor with the weather. now here is matt taylor with the weather. hello.s or plans for the outdoors. we‘ve got some pretty disruptive weather. some heavy downpours still to come today and through the weekend. today, the focus really is on the strength of the winds, particularly for england and wales. an area of low pressure has been with us since yesterday, slowly moving its way eastwards. strongest winds on the southern edge of it and, as that pushes its way east, we continue to see those strongest winds feed in across england and wales especially. winds over 40, 50 mph. nothing untoward for winter or autumn, but we are in mid—august. that will cause a few trees to come down, no doubt, given that they are in full leaf, and some disruption to travel plans. the strongest winds in the south. we will continue to see some showers and more persistent rain in central areas. further north, the winds will pick up later across the hebrides, touching gale force, but for much of scotland, northern ireland, lighter winds today. whilst we will lose the persistent rain

as always, in the worldwide leader in business new, we have full team coverage for you matt taylor is in singapore. joumanna bercetche is in london. matt, let's start with you and the asian market reaction. >> hi, brian it was a rough day for asian markets. we saw markets across the board and down, but a number well and truly off the lows of the session. it was staggering. we had the yuan at a low, but then we saw the currency strengthen throughout the course of the day shanghai composite at its lowest level since february but off the lows of the session. we were down by 2%, 3% during the lows of the day. japan was interesting today. 2% intraday improvement for the nikkei 225 at the close we were down about 0.6% we also saw the currency there having a role, a weakening japanese yen as we saw money moving out of the currency, out of that safety trade helping to shore up equities. the markets ending down by just about 0.6% the loser today was australia. off almost 2.5%. s banks held the interest rate steady at 1% the policy meeting we got today, it said it was willing to ease further if

matt taylor in singapore, joumanna bercetche live in london, aimen javers outside the g7 summit in france eunice yoon the reaction in beijing matt, let's begin with you >> hi there, brian it's all about timing because a number of these asian markets had already closed for the day before we got the comments out of president trump speaking on the sidelines. didn't benefit from that turn around you're showing us in u.s. futures. picking up from that decline we saw on wall street on friday but you were mentioning some of the other classes the japanese yen which had been hit particularly hard post friday making a bit of a comeback as we saw all these headlines concerning china and trade shanghai composite, that closed just as the president was speaking saw 1.2% decline you mentioned the juan, lowest point in 14 years. the other reads on shore for instance coming back as well getting a bit stronger on the back of the comments coming out from president trump you mentioned hong kong, this was the underperforming of the day down by 1.9% it benefitted from the bounce back in u.s. futures because we

now it's time for a look at the weather with matt taylor. hello there.n eastwards. there could be some minor travel disruption here into tomorrow morning. a cool night by and large, with temperatures in single figures for many to start tomorrow morning. bright start for many, but from northern ireland, northwest england, northern ireland, northwest england, north midlands towards east anglia, showers in the morning. if you develop into the afternoon through scotla nd develop into the afternoon through scotland in northeast england, and a lwa ys scotland in northeast england, and always a chance in devon and cornwall. vast majority, should spend the bulk of your day dry. even if temperatures down for the time of year, 15—21d. and then it's time for those wet weather plans. outbreaks of rain spending with this weather system. gusty winds, too, particular for southeast england and wales. hello, this is bbc news with shaun ley. the headlines this hour: all flights to and from one of the world's busiest transport hubs, hong kong's international airport, are c

now it's time for a look at the weather with matt taylor. if you have any outdoor plans, the weather could cause a hindrance. a risk of flash flooding, further downpours, but we could also see gales caused issues across england and wales for the rest of the day. when the quite wily, 40—60 and wales for the rest of the day. when the quite wily,1i0—60 mph, especially around the coast, but enough to bring branches down and travel disruption. further heavy rain, part of in the north, thunderstorms in scotland, easington knight, but further downpours can be expected and temperature tonight between ten and 15 celsius. myra, the wind and southern areas will ease, best chance of sunshine there, thunderstorms developing, the breeze picking up across scotland, northern ireland, feeling cooler, but brighter weather developing later, parts of central and southern scotla nd parts of central and southern scotland where we see wetter spots with again the risk of flooding. hello this is bbc news. national grid says it will learn lessons after nearly1 millio

it's time for the weather, and matt taylor is with us. hello.in july where are the clues? they're all in the jet stream. injuly we had this big meandering pattern across the atlantic. we were to the south of it, pulling in warmerairfrom atlantic. we were to the south of it, pulling in warmer airfrom the continent. this month it has flattened out somewhat pushing to the south of the uk, putting us on the south of the uk, putting us on the coldest side of the jet stream. that northern edges where we are going to get big areas of rain bearing low pressure. and that has meant huge amounts of rain has fallen in some parts of the country. all these areas have been seeing well above for the time of month so farand well above for the time of month so far and we're only halfway through, if even that. heathrow, eight millimetres although that is being topped up by thunderstorms throughout the day on monday. we saw that area of low pressure pushing away, taking us into tuesday. north—westerly airflow, equal start and still around, but overall one of the dr

now, a hop and a skip to matt taylor. yes, those kangaroos look hoppier than the sheep the me...r days. i know august is a wet month, but it is going to extremes at the moment. if you're on your holiday break at the moment in the uk, for the week ahead you will need a wet weather plan just in case. there will be further downpours at times, and overall for the time of the year, fairly cool and at times fairly breezy as well. some of the wetter conditions are through the english channel in parts of the south—east, east anglia, rumbles of thunder with torrential downpours possible this afternoon. wa nt to downpours possible this afternoon. want to match ours elsewhere, particularly northern ireland, starting to turn thundery as they could in northern scotland.

let's check in on how asian markets have been faring today with matt taylor matt, can you run us through some details >> hi, willem. it was an interesting day because at the start of trade we did see significant falls right across these asian markets we had declines for the big ones, between 2% and 3%. as the day wound on and as we saw the chinese yuan strengthen a bit, tracking back towards the 7.06 level we saw confidence coming into the markets. by the close that was the picture on the asian markets i want to show you what happened in japan we saw a 2% swing for the japanese market off its lows of the session. down by several hundred points by the low of the day. this is the closing picture on the nikkei 225 off 0.6% this was off the big rally we saw coming in the japanese yen we did see that rally. it weakened asian side we had this 1% weakening for the japanese yen back into 106 territory so there's move out of the japanese yen supporting the export sector in japan and dragging that market off of the lows of the session. you can see on dollar/yen, it has strengthened in the last lit

now it's time for a look at the weather with matt taylor.ooding, further downpours, but we could also see gales caused issues across england and wales for the rest of the day. when the quite wily, a0—60 mph, especially around the coast, but enough to bring branches down and travel disruption. further heavy rain, part of in the north, thunderstorms in scotland, easington knight, but further downpours can be expected and temperature tonight between ten and 15 celsius. myra, the wind and southern areas will ease, best chance

now, a hop and a skip to matt taylor. yes, those kangaroos look hoppier than the sheep the me... hoppier? yes, hoppier! anyway, moving on. over a month of august rainfall in just four days. i know august is a wet month, but it is going to extremes at the moment. if you're on your holiday break at the moment in the uk, for the week ahead you will need a wet weather plan just in case. there will be further downpours at times, and overall for the time of the year, fairly cool and at times fairly breezy as well. some of the wetter conditions are through the english channel in parts of the south—east, east anglia, rumbles of thunder with torrential downpours possible this afternoon. wa nt to downpours possible this afternoon. want to match ours elsewhere, particularly northern ireland, starting to turn thundery as they could in northern scotland. overall compared with the weekend a bit more sunshine, lighter winds, but compared with the weekend a bit more sunshine, lighterwinds, but feeling cooler out there, out of the sunshine. not seen these temperatures for a while, largely below 2

here's matt taylor. asummer a summer holiday week to have a wet weather plan just in case.ay and rumbles of thunder. 0n the go in the north of scotla nd thunder. 0n the go in the north of scotland at the moment and it could drop rainfall in a short space of time, minor disruption possible and minor bursts of rain across northern ireland with the odd rumble of thunder. those move north and east into western scotland during tonight. away from that, isolated showers in the west 0vingham and wales, most iconic lewis conditions into the morning, central and eastern parts, temperatures down to eight or 9 degrees. for most, a warm start to tomorrow, 15 celsius towards the south—west. the morning commute across the west seeing showers around and becoming quite heavy. bright and sunny start in the east but showers develop widely through the day. low pressure into scotla nd through the day. low pressure into scotland and northern ireland, the winds latest here and the showers at their most potent. thunder, downpours, the risk of flooding and slow moving showers. more of a breeze in e

now it's time for a look at the weather with matt taylor. hello.ain featured in the forecast and particularly in areas where we really don't need it. and that is parts of southern scotland and northern england. the potential for further flooding. travel disruption certainly possible. bbc local radio is your best port of call for the latest travel news on the move. and it is that sort of area in which the persistent rain will be around through much of this afternoon. to the south of it we will see some heavy and thundery showers develop. to the north of it, we started with some rain across the northern parts of scotland and in northern ireland. things should brighten up a bit. but the breeze picks up. it's a northerly to north—westerly breeze. it is going to make it feel much cooler. there will be some rain across central scotland, it is really through the central belt, lanarkshire, the lothian and borders into cumbria and northumberland, areas where we have seen flooding of late where we could see yet more heavy and persistent rain. to the south of

this morning, the bbc‘s forecaster matt taylor had good news for some festival goers.al which has not fallen foul of the deteriorating weather conditions over the next few days. but the forecast has caused the cancellation of the boardmasters festival in newquay. police and organisers felt a summer storm was too big a risk for the 50,000 people to there. most would have been camping. a hot—air balloon festivals also hit. and this is the site of horton dance music festival in norfolk. it might look good in these pictures, but heavy rain and high winds are forecast and it's been cancelled. drivers are being urged to check conditions before travelling. train services between edinburgh and glasgow have reopened after a week of torrential rain. the flooding trapped passengers for several hours yesterday. but travellers are being warned that summer storms over the next few days could cause problems in the railways. lisa hampele, bbc news. a full weather forecast at the end of the programme. the british economy shrinks for the first time in six years, as manufacturing and con

now it‘s time for a look at the weather with matt taylor.kay is a hindrance. further downpours at times but we can also see gail is causing issues across and wales to the rest of the day. we can see winds, gusts of 40, 50 mild an hour especially around the coast but in man that is strong enough to bring a few branches down and cause further travel disruption. showers in the southis travel disruption. showers in the south is a little bit. heavy rain in parts of northern england, northern ireland and thunderstorms in scotland, too. tonight that will eat just a little bit but further dampers can be expected and temperature tonight between ten and 15 degrees. as we go into tomorrow, the winds and southern areas will ease a little bit foot of the best chance of some sunshine there but thunderstorms developing later but at the breeze will pick up across scotla nd at the breeze will pick up across scotland and northern making it feel that bit cooler but we will see brighter weather develop. we could see some of the wetter spots with a gain that ris

joumanna bercetche is watching the early trading action from europe she's live in london matt taylor tracking the overnight aslan mian market act. matt, we start with you. >> thank you very much for that. a number of markets are ending the session firmer here in asia. as we saw u.s. futures rebound you were just telling us about the story now with futures winding back a bit i want to focus on the japanese bond market. we're talking about what happened in the u.s. bond markets. safe haven flows into jgbs pushing yield there's to multi-year lows, the 10 and 20-year jgbs yielding the weakest level since july of 2016 the japanese market, one market closing in negative territory, off by 1%. safe haven money going into the yen. that's always negative for the japanese market. look at the australian market. it was the worst performer around the region today. having its worst day in three years strong jobs numbers there perhaps dashing hopes of a near-term interest rate cut from the central bank in that country. china markets is where all the action was the shanghai composite closing higher t

global trade are having on the energy markets let's check in how asian markets have closed with matt taylor in singapo singapore. >> hi, willem. a number of markets ending the session firmer we started to see the u.s. futures stage a bit of a rebound. some markets are weaker. japan, lots of action there. all attention on falling yields and the inversion state side, but jgb, the japanese government bonds falling to lows. yielding the weakest we've seen in three years, since the middle of 2016. japan markets closing in negative territory, down about 1% one of the worst performers across the region. to give you a clue to the damage, the damage was fairly contained. a lot of money flowing into the yen. australia saw some of the steepest losses today, shy of 3% we saw some strong jobs numbers out there. that may dash hopes of a near-term interest rate cut. chinese markets, the shanghai closing higher the fix on the yuan was above the 7 handle again relative calm in the china markets. the hang seng, this has been beaten down, we have seen all of the gains this year erased on the hong kong market,

time for a look at the weather, here's matt taylor. i don't know what to say.nnier moments but hefty downforce possible and staying on the cool side. lots of showers into parts of ireland and western parts of scotland. they will run eastwards through the night into other parts of england and wales and could form a line across parts of north—west england, north east midlands and parts of wales. the temperatures for the vast majority are in single figures, a cool start to tuesday but it will be one of the drier days of the week. there will be some showers but fewer across scotla nd be some showers but fewer across scotland and northern ireland compared to today. it is august so the sun is still fairly strong. wednesday, there is a substantial area of wet and windy weather pushing its way in, especially over wales. this is bbc news. the headlines... all flights to and from hong kong's international airport are cancelled as pro—democracy protestestors occupy the terminal. we do not want to keep doing this, if you give us, we will have a democratic and peaceful mech

now the weather with matt taylor.icular. because the wind is light at they are slow—moving with potential of minor flooding. the far north of england could be wet but further south, there more breeze and the shells push through smartly. some will fit occasional downpour and temperatures down a bit on it yesterday but warm enough in the sun. tonight, the showers will fade in southern and eastern areas but they keep going in the north of scotla nd they keep going in the north of scotland and are heavy and some continue in the west. similar temperature is too recent nights, double figures for most. mid teens in the far south. on wednesday, we start like we did to date with showers in the west but if you are in england and liked it so what places will be dry. northern ireland and scotland will again see slow—moving thunderstorms for the far north as them throughout the day in the south of scotland and northern ireland, there will be the afternoon. colder as the northerly wind digs in, temperatures in the mid 20s in the so

this morning, the bbc‘s forecaster matt taylor had good news for some festival goers.l of the deteriorating weather conditions over the next few days. but the forecast has caused the cancellation of the boardmasters festival in newquay. police and organisers felt a summer storm was too big a risk for the 50,000 people to there. most would have been camping. a hot—air balloon festival was also hit. and this is the site of horton dance music festival in norfolk. it might look good in these pictures, but heavy rain and high winds are forecast and it's been cancelled. drivers are being urged to check conditions before travelling. train services between edinburgh and glasgow have reopened after a week of torrential rain. the flooding trapped passengers for several hours yesterday. sorry, we need to leave that report and go to a police press conference following the conviction of benfield for the murder of peter farquar.m is unique due to the detailed planning by benfield, and due to the scale and complexity of the investigation. murders are usually the result of one moment

no—one more so than matt taylor who honestly, you know, usually i would laugh but even i feel bad knowr like this when you step out? it is not the best, but it is not the worst andi the best, but it is not the worst and i am really grateful it has not been cancelled. with 30 years or more of coming, we don't want to mist it, because we meet up with so many great friends we have met since we have been here. and is your tents secure? i certainly hope so, because it is integral. it is all one piece, and if it goes, i go! we will let you get back in the drier, but one of many campers who will be braving the weather conditions of this weekend. some events have already fallen foul of the weather. it will not be like this all weekend, but let's look at the main issues of concern. we have a very heavy rain spreading its way northwards across the country. the wind strengthening across the south and tomorrow the winds will be the main disruption across the country. especially for england, with winds touching 50 or 60 mph. which is pretty unusualfor august. we have a big area of low pressure spin

now it's time for a look at the weather with matt taylor you are on your summer holidays and wa nt youe cooler side of the jet stream where areas of lower pressure form. one sitting with us for the next few days will produce slow—moving thunderstorms. later this week, notice the jet stream developing. friday, more extensive areas of rain and strong to gale force winds. for this afternoon, more of you will sit ina sunshine this afternoon, more of you will sit in a sunshine than many did this morning. one area of cloud clearing away from eastern areas. some showers in this cloud for scotland and northern ireland, more persistent rain across shetland. a little bit on the humid side, temperatures into the mid 20s for one of two. through this evening, parts of scotland and northern ireland, slow—moving thunderstorms particularly northern scotland, could cause travel disruption. the risk of minorflooding. could cause travel disruption. the risk of minor flooding. showers will keep going across western areas, becoming more frequent later on in northern ireland, western scotland, wales and may

taylor: that was bloomberg's matt day, joining me from seattle.e, enjoy discussing politics at work? i don't know if i do. don't take a job at google. a shift away from the famously open culture. they discourage employees from discussing politics and having disruptive conversations. responsible be held for what they say at the office. we look at two companies in a heated legal dispute over to knology that could hit billions -- over technology that could hit billions of dollars. taiwan semiconductors. qualcomm coming up in trying to settle that suit last week. this is bloomberg. ♪ ♪ from the 5am wakers, to the 6am sleepers. everyone uses their phone differently and in different places. that's why xfinity mobile created a wireless network that auto connects you to millions of secure wifi hot spots. and the best lte everywhere else. xfinity mobile is a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. click, call or visit a store today. i' ta

taylor: that was bloomberg's matt day, joining me from seattle.ime, enjoy discussing politics at work? i don't know if i do. don't take a job at google. a shift away from the famously open culture. they discourage employees from discussing politics and having disruptive conversations. workers will be held responsible for what they say at the office. we look at two companies in a heated legal dispute over technology that could hit billions of dollars. taiwan semiconductors. qualcomm coming up in trying to settle that suit last week. this is bloomberg. ♪ taylor: i'm taylor riggs. this is "bloomberg technology." u.s. chipmaker globalfoundries is suing taiwan semiconductor for patent infringement. the company accuses them of using their technology to help win billions of dollars in sales. the case has the potential to disrupt the supply from everything from smartphones to pc's. joining me to discuss is ian king in san francisco. on the phone, stacy rasgon, bernstein's senior u.s. semiconductor analyst. ian, let me start with you. line up what we know

matt: there's no question -- taylor talked about people not going too far out on the risk spectrum inigh-yield area, we are certainly seeing that in this area. consumer staples continue to hold up even though they are expensive. i think you can stay with that trade for a while, but i also think it's a good idea to raise a little cash. that doesn't mean going to 20% or 25% cash, but the reason why i highlight that is what we seen so many times in the last year or two, with algorithms in the trading, whenever we get a move in one direction or the other, it overshoot. we saw that in the fourth quarter of last year. that presents great buying opportunities on your favorite stocks. if you have a little cash on the one, that makes you better paired to take advantage of ace -- better prepared to take advantage of a situation if we do get a scare. david: let's talk about the fall and the possibility of a 10% correction in the market place. what are the odds of that, and what would trigger it? matt: i think the odds of it are at least 50%, if not higher. that's not calling for the next bear ma