let's get over to jc london mumbai. ay seiling in mumbai.rt with the recall between the government and the artrdi and changes in the monetary policy. he met with the finance minister over the weekend, a customary call. a price dropafter of the indian financial code that would reduce the central banks. while the fm has assured that no changes will be made without consulting stakeholders, the governor has chosen not to comment, and therefore we will be waiting to see if anything comes up. let's talk about what he's expecting -- no change expected, about three hours from now. the expectation is that he will leave the rate, the rate at which the central bank lends --ey to the central that they do show not predict the cut. what are some of the key factors in terms of having played out? there's the monsoon, a monsoon prediction in september is not looking good. we are also counting down to the first that rate hike in september, and watching out in terms of what's happening to the geopolitical situation, have --ly those that we will be watching to

we have been tracking this in mumbai.r of mobile web users and yet is expected to grow nearly 3% between 2014 and 2017 and to reach about 314 million by the end of 2017. according to reports, the action in the 4g market is heating up days after we heard from india's largest company that it would launch its 4g services by the first of the season in october. the largest telecom operator on thursday announced its launch of high-speed internet in 296 towns in india. 4g services were launched earlier in select cities. with increasing competition, we also heard from waterfall which announced that all 3g data packs in mumbai will now offer double the data than previously in effect. i want to very quickly talk about some of the big earnings that we have lined up for today. mahindra as well as startup motors. --rtup motors is considering motors and-- tata mahindra will be reporting results. it chinaoutlook for and the u.s.. -- by plan by can thaty going forward is eminem will be declaring a good set of numbers. not a good quarter

six carriers of the kamayani express traveling to mumbai veered off the track. moments later, for carriers and the -- four carriers and the engine of the janata express derailed. indian authorities blame months of rains for the accident. >> it caved in because of the heavy rains and the soft soil. so it led to the derailment. >> rescuers battle that weather and the darkness to save passengers trapped in the overflowing river below. most of them have now been rescued, and an inquiry is under way. india has one of the world's largest railway networks, with 23 million people using the train each day. but accidents are common, and authorities have been accused of neglect and poor maintenance. the primeis year, minister announced the $137 billion overhaul of the country's railway system over the next five years. heavy monsoon rains have killed more than 200 people last weekia in the alone. rivers and fields have flooded, forcing tens of thousands to take shelter in state run relief camps. much of the south and the whole of southeast asia has been hit as well. in burm

we are headed to mumbai. ♪ 15 -- 53we have about minutes to go before the boc gets underway in mumbaipee could outperform asian peers because it is less exposed to china. good morning to you. >> good morning. before i come to the rupee, i want to talk about what is going on as far as the equity morning -- markets. we have seen a wave of selling in global stocks as the chinese economy and the engine is being stalled. the actions of the central bank have threatened to derail world economic growth and spark a currency war. massively onling friday. the biggest single-day sale. monsoon for the month of august indicating a 10% deficit. macroeconomic indicators have continued falling. despite all of this, they are confident to achieve 10% growth. despite what is happening in china and the u.s. equity markets, somewhat good news. forecasters saying that the indian currency will outperform its asian peers. it will benefit from plunging commodity prices, which have different below the $40 mark. the best total return in the region, according to bloomberg surveys. amongst theeast fragile currenci

let's cross over in mumbai. what does this mean for next april's deadline?ast day of this session of parliament. devon dropping accusations that the external affairs minister has been misusing her funds. it will simplify, and reduce taxes. this bill has been in the works for many years. there is hope that would be medical consensus to push the bill through. but the political leaders in the upper house, with today being the last day of the session it looks like that deadline is unlikely to be met. this is a constitutional amendment which means it will need the approval of a two thirds majority. debate what is worse, some other bills which have taken up just one day of debate will stop. ony will take a call whether or not to extend the session of parliament. it seems liek that is hanging in the balance. shery: thank you. oday's episode of high flyers, property development in china. makes this company stand out? much fullyery integrated. we are running a property company that services our clients. a are a broker, also concierge service. basically we are looking

we had to mom by default -- mumbai. ♪ ♪ your back with "trending business."est another regulator still haven't , let's cross over for more on this. this is going on and on it seems. >> absolutely. there was so much back-and-forth coming in on this. boost,safety standard which is the food regulator approved laborde torres -- laboratories. they push the stock up nearly 9%, but that was short-lived, because then they said they had not given any clear to neslie's maggi noodles. the press statement rejected findings of the food and drug laboratory. the were also asked about clean slate, but the authority maintaining that there were noodles,out maggi saying the giants had not shared details, despite repeated requests to do so. let me get our viewers an update on the bombay high court, the company challenged it, the hearing has been going on. it has concluded, we do not have a judgment just yet. a few days after, they are closely watching the hearing as it has huge expansion plans that been put on hold for a moment not just for maggi, but other brands. it would look

the openingg down of the mumbai session, let's see how things look there.bly lifting interest rates. we did see the dollar move it a bit. mobiles largest phone carrier has beaten estimates. let's cross over for the details. good morning. i can but the figures. -- talk about the figures. were expecting to be different. let me break down the numbers. yesterday beat expectations. was helped largely by a .ale in africa company offered $1.3 is talking about africa. all the consumer base has grown, and the changes in interconnected range indicate nigerian markets. pressure,l competition is taken a toll, that fell a percent from last year. it has dropped 11%. did he use will rise, but data --enues also the base hit took a hit. own 4g operations will be key going forward. yvonne: thanks so much without that. let's talk about back to the future. fans are in for a treat with lexus showing up its first fully functional hover board. if you want to buy one you're in for a long wait. ♪ thisve over marty mcfly, is a demonstration of a real-life working hover board develop

find out the details as we had to mumbai.short break, says the worst is over for china and the recovery is underway for the third quarter. but to the details. ♪ rishaad: the weekend brought us more evidence that china's economic slowdown is deepening. exports fell last month and factories are seeing their steepest decline in almost six years. joining us is julia from hsbc. julia:ngs getting worse? the numbers over the weekend certainly a mixed bag. down. growth is but i do think this is somewhat not only a china problem but more than asia problem. you can look at numbers in korea, taiwan. the conclusion here is that there probably isn't much they can do on the export side of things. they will have to look to the domestic economy. but then you are looking at the numbers over the weekend, the conclusion here is that challenges are still remaining with policymakers. i think they have done quite a lot in there are some positive signs, but i think it is still quite fragile, looking at the state of investment for example. i think t

rishaad: coming up later, we will be headed to mom by -- mumbai with new priorities for india's national bank. we will be discussing the global turmoil sparked by the evaluation of the yuan and what is next for policymakers in beijing. i will ask if china is headed for a hard landing. ♪ rishaad: we are looking at what's been going on with chinese shares which has -- which have been up for the second day in a row. says the bailout is only delaying the inevitable. independent economist. misguided? -- an cannot change in economy by manipulating financial markets. they need to reflect fundamentals. if you do not change the fundamentals, the market will stay levitated for a. period of time. rishaad: you could argue it was misguided to begin with. a rising market needed a bailout of the economy. now, it's the other way around. they're wasting time and money and hurting a lot of people. rishaad: the stock market has to find its own level now as all markets should do. will they be buying up some of these stocks? the economy is joined to prop up the market. they are not giving up. fundamentals ar

coming up later -- heading to whom by four preview -- move by four preview -- mumbai four preview ofhe trading day. under pressure, commodities reaching lows not seen since the 1990's. is there a floor out to their? we will ask our next guest. ♪ rishaad: back to the philippines as we have been reporting, the exchange has halted trading due to technical glitches. it doesn't have to do with a violent share moves as with seen as of late. holding trading. out pretty much flat. we still see declines. market,hai composite declines of 4.5%. thanks turning positive, 2.1%. recovery for a lot of the equity markets across of this part of the world. shanghai is off the worst, still had ag back as we authorities claim a in with the $23 billion of reverse repo -- come in with $23 billion of reverse repo. oil, commodities have not been immune. holding near a six year low. global selloff and not just in equities but commodities. the bloomberg index at the lowest since 1999. let's go to singapore. alex is as. what is happening today? bold you have to be very to call it the bottom just yet. released t

after the break all of the details live from mumbai.: it is a busy week for corporate and it including results from some of the country's biggest names let's go to mumbai. steel, evenwith with falling demand we saw profits doubling. >> absolutely. a net profit in the june quarter this is adoubled but big but, it has been hit by combination of a slowdown in china and the devaluation of the russian ruble. those factors are leading to cheaper steel products and squeezing margins and europe and india. secondpany is europe's largest steel maker and it is cautioning against significant uncertainty. standard steel being forced to cut costs and jobs where steel demand has languished after the financial crisis. meanwhile, india's biggest drugmaker posted a decline of nearly 60% and consolidated net profits to the june quarter and the companies in the process have been integrating after completing a $3.2 billion acquisition. a year ofus navigating the regulatory requirements to create the world's fist biggest pharma company by revenue. they hit s

it will be live in mumbai to ask if there is a catch -- we will be live in mumbai to ask if there iscome back. you are watching "trending business." i am shery ahn. vistara has resorted to free flights to lure passengers. let's get to mumbai for the details. what can you tell us? reporter: singapore airlines and stake. group have a they have resorted to free tickets as intense competition and low fares are set to try and customers -- and woo customers. 30th ofgood through the september. filled about 59% of seats on average for the first half of 2018, the least of the eight major carriers -- of 2015, the least of the eight major carriers. earlier this week, we saw a budget carrier, air asia india, introducing a promotional fare. we have seen others introducing promotional fares. comments fromrd the aviation admitted -- ministry. givene these offers being by airlines. air asia offering domestic routes for less than $15. sunanda, thanks a lot. break,we go to the disney is bringing a galaxy far, far away to its two theme parks in the u.s. in one of the biggest expansions in the company's

pulitzer prize-winning behind the beautiful forevers, katherine boo reports on life in a settlement in mumbai. science and technology writer stephen johnson recalls a cholera outbreak in london in 1854 in the book "the ghost map." also on the university of california at berkeley's reading list for incoming students, the new yorker's elizabeth kolbert reports on the relationship between humans and the precipitous loss of species in "the sixth extinction." annie leonard looks at how overconsumption affects the environment, the economy and personal well being in the book "the story of stuff." and in garboloyj, reporter edward humes analyzes what happens to the trash that americans produce in a lifetime. that's on the university of california at berkeley's reading list for new students. >> nation magazine correspondent ari berman is next on booktv. he looks at the years following the passage of the voting rights act of 1965. august 6th marked the 50th anniversary of the passage of the act.

this first one comes from mumbai inside an electronics store.he man sitting behind the counter sells cell phones and his customer is trying to decide which cell phone to take with him. while the transaction is happening look who walks in the door and watch what he does. using a sword striking the owner in the hand, the neck and the stomach. >> the customer here is the hero. the customer didn't think twice, went right after that guy. >> he ends up getting him outside of the store. this was an act of revepg. the area has been hit with extortion. group of adikts targeting shop owners to pay a quota between $20 and $30. this man skied he didn't want to dry in comply and he printed pamphlets and distributed this emto other owners. that made him a target of their attack. from fighting back against organized crime got this guy slashed. >> he spent time in the icu because of his injuries. some of the attackers were arrested but later released after paying a fine. >> tempted murder here is a fine. they go into eye vest pul where the register is, he use a

this first one comes from mumbai inside an electronics store. the man sitting behind the counter sells cell phones and his customer is trying to decide him. while the transaction is happening look who walks in the door and watch what he does. using a sword striking the owner stomach. hero. the customer didn't think twice, went right after that guy. >> he ends up getting him outside of the store. this was an act of revepg. extortion. group of adikts targeting shop owners to pay a quota between $20 and $30. this man skied he didn't want to dry in comply and he printed pamphlets and distributed this emto other owners. attack. from fighting back against organized crime got this guy slashed. >> he spent time in the icu because of his injuries. some of the attackers were arrested but later released after paying a fine. >> tempted murder here is a fine. they go into eye vest pul where the register is, he use a tool of some sort to try to break the window but it's a reinforced window. when they realize they're not going to get through the window they gr

mumbai looking at level rainfall continues. >> thank you very much. she'll join us later on in the program with more on world weather. >> on to other news, the head of the opposition party sat down with south korean's president and says he appears to be optimistic about the future. [speaking foreign language]. >> translator: the meeting was excellent. i felt the eagerness to improve japan, south korean relations. >> democratic party of japan leader met him at the presidential office on monday in soul. the two nations are marking the 50th anniversary of the start of diplomatic ties. pack referred to the 19 5 statement issued, which expressed heart-felt remorse and apologies for japan's past rule and objection. expressed by predecessors, then by lateral relations would become future oriented. he ex and spected to issue a statement this month to mark the 70th year. pak said there will be a meeting if leaders overcome issues one by one. the issues of those referred to by comfort women. he hopes a better solution will be found as they try to meet half way.

this first one comes from mumbai, this is inside an electronics store. the man you see sitting there behind the counter sells cell phones and his customer at the moment is trying to decide which cell phone to take with him. while this is happening look who walks in the door and watch what he does. >> what the -- >> holy cow! >> using a sword, striking the owner in the hand, the neck and the stomach. >> oh. >> the customer here is the hero. the customer didn't think twice, he went right after that guy. >> ends up getting him outside of the store. this was an act of revenge, it sounds according to reports that this area has been hit with extorti extortion, a group of addicts targeting shop owners to pay a monthly quota between $to and $30. this man decided he didn't want to comply so he printed pamphlets and distributed this emto other owners, that's what made the criminals angry and made him a target of their attack. >> fighting back against organized crime got this guy slashed. >> did end up spending time in the icu because of his injuries. some of the a

. >>> the second video comes from mumbai, where apparently driver of a bus got into an altercation with the driver of a vehicle and before you know it, look, the driver is on the hood of the car holding onto the windshield as the driver is just cruising on down the street. >> some days you're the bug, some days you're the windshield. >>> you've got two life guards, george haynes and chris flanagan, they are rescuing a pair of twins. the two girls went body wave surfing and they said that they got caught by strong current and that dragged them farther out. right here you see them making quick work of putting the first twin in the boat. they pull her in and pretty quickly they are able to get her twin. they say that these girls are about 650 out, they had gone beyond their capabilities they said. the girls said they remained calm. lifeguards said it's exactly what they were supposed to do. when they finish the rescue look at the people in the water. >> it's the uk and people get excited when you see that burning disc people call the sun. let's get in the water! >> now we go to the u.s., w

first to the express coming from mumbai.d by another train traveling in the opposite direction on an adjoining track. some of the carriages fell into the water. rescuers had a hard time getting to the victims. >> part of the rail has been collapsed. many of the authorities cannot get to them because there is a high currency of the water so they can not collect the bodies. >> officials say the heavy rain washed away the earth from a portion of the tracks, causing the trains to come off of it. some say it happened too fast for anyone to react. another train had used the track 10 minutes before. the rescue operations have been called off. more than half of those dead are women and children. an investigation has been ordered. india has one of the world's largest railroad networks. over the past few years there have been concerns that not enough is being invested in improving and safety standards. money on improving signaling and early warning systems, which could have been used to prevent accidents like this one. bbc news delhi.

mumbai who you had to get out and also what happened?mbai, we all know now it was a terrorist attack, but one of my guides called them in their room and literally, you come out, you turn left, walk down 100 yards, see a ladder down the windows, come on down and you'll see the abercrombie & kent yell ro sign and there was a guy in his blue suit, kay on the everywhere. they came down the landing and were transported to the four seasons hotel. we always prepare for emergencies. the key thing with our trips is you have to be safe. >> with -- when you read your book, and just knowing you, with the people you have taken, ted turner, who are near and dear to our hearts here at cnn, your friend prince charles, myself, i didn't -- i knew a little bit about a & k and hopped up a mountain a couple years ago, and made a dear friend with one of your phenomenal guides, who is the most interesting people or person that you've taken? >> they're all very, very different, every one of them very different. i think that -- going back in my book, i remember

all of this happening on the outskirts of mumbai. investigators right now looking into the cause of the collapse but reports say that authorities had previously declared that 50-year-old structure too dangerous to life? >>> a construction company owner and a project manager will spend the next two years behind bars for the death of a worker in milpitas. the two men were sentenced after they were convicted of involuntary manslaughter for the death of raul zapata. he tied after a wall david in at a construction site in in 2012. it happened three days after city inspectors said the project wasn't rain because of recent rain. >>> lawyers for an estranged couple in a fight over their embryos will give their closing arguments. mimi lee is in a divorce with steven finley over the five embryos they froze together in 2010 after lee was diagnosed with karns. now she wants control of the embryos because she says they are her only chance to have kids. lee testified that the contract she signed with fiply for the embryos was just a consent form a

we have been tracking this in mumbai. what is going on exactly?eard from the prime minister, of the radio address where he said that rather than try to keep the land the going, he would let contentious build. the last day was today. -- bil go. -- bill go. lapsecision to let it following unsuccessful attempts by the government to build consensus in parliament to get amendments cleared. in fact, the entire session of the parliament was in monsoon session, a washout because of opposition from the political parties and of contention that the political parties, the itosition is saying that exempts investment projects from obtaining consent from farmers which the opposition said was overriding the farmers' rights. government has made every effort to assure of the farmers that rights will be kept in mind, the government has been quick to blame misinformation and a misinformation campaign being cared out -- carried out to derail the process. what does it mean? easier for the industry to acquire land and now it will be harder. this is the first time the mo

banking with a difference, like in by -- mumbai. says theto guest malaysian issues are to stay. ♪ rishaad: currencies in asia tumbling. our next to guess has the rmb forecast in light of the shift in the exchange rate. the number two exchange forecaster. he joins us now from singapore. let's start off with the rmb devaluation. the other part that came in isterday, combined together, it just more misery being heaped on currencies in asia? >> i think asian currencies will come under further pressure. already we expect the fed to despite aptember, more cautious turn seen yesterday. even if they don't go in september, it is quite clear they will move sometime this year. that will put the dollar understrength, and put pressure on asia. china's move last week is also a game changer. it had been stable, and it served as an anchor for the rest of the asian currencies. the anchor is gone. continue toem to come under depreciation pressure. we think the authorities will no longer spend and maintain a stable currency. they will let market force

we will be live in mumbai. ♪ you are watching "trending business." minister wrapped up his meeting to the emirites by announcing in investment fund. reporter: a multimillion dollar fund to invest in infrastructure projects. india is eager for foreign capital and technology to develop its economy. once investments to diversify its economy beyond oil. railways, ports, and other projects in india. it does not give a timeframe. or describe how the fund would be structured. a joint statement said the uae strategic develop petroleum reserves in addition to upstream as well as downstream petroleum sectors. between both countries is $60 billion, and india is the second largest trade partner for uae. they want to increase that over the next five years. they pledged cooperation developing and launching satellites as well as the peaceful use of youth their energy. nuclear energy. in conflictave been against islamic militants ended they will increase corporation in the region. shery: makes a lot. on the visit of the indian prime minister to the uae. stay tuned f

each other. 25 people were killed and 45 injured when the trains came off the line between -- from mumbaie minister tweeted that the accidents were deeply distressing. india railways carry around 20 million people each day. villagers and southern myanmar are using sandbags to protect property as floodwaters move in. more than a month of heavy monsoon rain and the governor -- government admitted that its initial response was week. affected moreas than a quarter of a million people. there is a sense of pride and celebration in singapore this week as the city marks 50 years of independence. we will be analyzing its progress from the early days to its position as a road -- a world leader. is there.min haslinda: we are at city hall are preparing. a little bit on singapore's history. whenthan a decade ago there was a spat with indonesia, the president had told -- said little red dot. i want to get inside -- insight from the institute of international affairs to get his perspective on how this red dot has become so successful. good to have you with us today. many people credit singapore's polici

singapore and mumbai, what we are watching. crisis over? hong kong seizing the moment.ck. the middle of the morning trade. -- back in black. another attempt to prop up the currency market. governor has no sympathy for investors and say rate cuts are not just goodies to be handed out and neither should the markets be boosted. you think. what follow me on twitter. do not forget to the hashtag there. the midpoint. we are in a recovery slow. china still, concerns and there. 4%.rter: down it was down as much as 6%. shanghai, 30 minutes into the close of the morning over in japan. down 0.2% and not a bad compared to where we were after the open. .ikkei 225 a quick look of what is moving up and down. about 4% each. australia, and hong

d opened a deal to sell in mumbai has bigger plans for the future. paris, the capital of fashion., bloomberg. angie: coming up, focusing on china's factory floor. why some are predicting manufacturing might slumped to a three-year low. stay with us. ♪ angie: checking other stories making headlines, president xi is said to be ready to announce the biggest overhaul of the chinese military in 30 years. sources say he wants to unify army, navy, and strategic missile force to one command. the current structure predates the founding of modern communist china. the president may announce plans after the military parade marking 70 years since the end of world war ii. ministryese defense has asked for the biggest ever budget, most $42 billion, amid concerns about china's growing military power. the ministry wants to build new submarines and by more american warplanes and drones. if approved, it would be the fourth increase under shinzo abe. plans tors oppose his strengthen the military. ohe u.s. is planning t hand control of airfields to local operators in afghanistan to jumpstart the econo

across the world on how people were reacting yesterday, including those watching in hong kong and mumbai, india and pictures from australia. other places as well talking about the impact. we want to get your thoughts not only on what it might have done to your portfolio but hopefully your faith in the stock market. 51 and older, give us a call. here to tell us now a little bit that we have experienced this and what happened is the host of npr one, the host of their full disclosure program. good morning. how are you? oft: fine, give assistance what we learned yesterday. what were the causes? guest: i think a lot of pent-up anxiety that people seem to forget this has been a bull market for six plus years and in the united states we have not had a routine correction which is typically defined as a giveback of about 10% and we haven't had that and about 1000 days which is an anomaly if you look at history and how often the stock market has routine selloffs. so when the second biggest economy in the world suddenly looks a lot weaker than we thought it was people are going to sell first and as

we will have news live from mumbai. ashaad: shipping is regarded being a fantastic weathervane for the economy but the slowdown is that industries increasingly -- containers largest operator has seen its shares fall $.25 since june. moment is if the going on because that is what everybody wants to know. >> it is actually going very well. has been growing capital and our and we ares robust very well into development we're quite happy with the way we are. we have no control over what is and ourg over there expectation would be for weight would exceed expectations transpacific you say is the strongest at the moment. does that mean it is strong in terms of exports out of asia to, let's say the americas, or is it the other way around? guest: is both ways. america is exporting nicely to asia in spite of the current situation. situation of china devaluing the yuan has been a major factor. rishaad: a strong dollar is good for you, isn't it? guest: it is good for trade generally. us. is welcoming news for it cuts 40% of our oper

sydney's been in positive territory, so, too, mumbai. the shanghai still down by 4%.de. the dow ended monday down 588 points or about 3.5%. it was the worst for the market since august of 2011, and it kept the biggest three-day point loss in the dow's history. and it was a rough day for stocks across the board on wall street. >> not one stock in the dow was up, even though during the course of the session when several had risen. exxonmobil and the other oil companies, not surprisingly, oil is now under $40 a barrel. this is going to hit their profits hard. exxonmobil is down 4.7%. tech stocks like twitter, which is already closed is down a further 2.7%. these are the stocks where people tend to avoid when times of crisis. procter & gamble, selling consumer goods around the world. but procter & gamble, down 3.7%, even though in a recession, in a crisis, we still need to buy soap and toothpaste. it just shows the depth of what we were seeing today when things like p&g are the worst affected. and bank of america. j.p. morgan was also down sharply. but bank of america clo

. >> and the mumbai warrior. power of dialogue, as the countries fire across their bother and blame each other for starting a conflict this week, the paper says the most versatile strategic tool available to us is the ability to engage the other side in meaningful constructive and sane conversation. >>> tomorrow on al jazeera america, katrina after the storm. ten years later a look at the changes that came about after the tragedy and the personal stories of survival from new orleans residents as they reflect on the past decade. tomorrow night beginning at 7:00 p.m, issue. >>> doctors without borders is taking action against bollywood. the film is called phantom. the international charity organization says the film's misrepresentation of the group could put aid workers in conflict zones at risk and that its workers do not carry guns or hire armed guards. >>> the dead sea is slowing dying. the world famous body of water strat les israel the west bank and jordan. officials say mining and heavy use of its water are h

. -- mumbai. it is a sea of green across the asian pacific.ng into the third day now in the rebound from that global selloff. intense speculation that china will have to dip into its foreign and u.s. treasuries. facebook says that one in seven of the world's population used of that site on monday. that is a billion people during the day. you can follow me on twitter. the trading day is just joining in jakarta. we will be indonesia later. cracks up 1.5% on the jakarta -- >> up 1.5% on the jakarta index. gain coming through from lenovo shares. it's the most

." ♪ rishaad: heading to mom by an sydni the -- mumbai in sydney this hour.ina, and when demand for commodities are certainly not helping. and oil extending its decline through six-year lows. crude could drop to $32 a barrel. reward, the president buys a big chunk of stock. he says he is looking at the future with confidence. do follow me on twitter. let's go straight to the markets, as far as hong kong and shanghai are concerned. . juliette: we are seeing the asian region follow that downturn we saw in europe. clear back of those indications that will be a rate hike in september. of course, that oil price and a 6.5 year low. s&p down by 1.6 -- 1.26%. in shanghai, the market down 1.5% following a big rebound we saw coming your yesterday.

pulitzer prize-winning "behind the beautiful forevers," katherine boo reports on life in a settlement in mumbai. science and technology writer steven johnson recalls a cholera outbreak in london in 1854 in the book "the ghost map." also on the university of california at berkeley's reading list for incoming students, the new yorker's elizabeth kolbert reports on the relationship between humans and the precipitous loss of species in "the sixth extinction," winner of this year's prettier prize for general nonfiction. annie leonard looks at how overconsumption affecting the environment and personal well being in the book "the story of stuff." and pulitzer prize-winning reporter edward humes examines what happens to the tons of trash that the average american produces in a lifetime. and that's a look at some of the books on the university of california at berkeley's reading list for new students. >> booktv recently visited capitol hill to ask members of congress what they're reading this summer. >> i'm read aring several things -- reading several things right now. i'm reading "china shakes the worl

mumbai. >> it's subways. trains because there are trains here in this. but we have a huge -- a lot of people ride subways in this country. it's not just trains. >> correct. correct. >> i can't imagine we are going to check every package everybody gets on every train and subway. thousands and thousands in this city alone. >> on that point, greta, you cannot check every one but you can check some. if the bad guy is in and he or she is targeting, they will will look at security procedures in place. the more you can show alertness, an awareness of vigilance, the safer your passengers are traveling that train. >> i assume the more we give passengers sort of the nod, the go ahead and act in a sense that, you know, like -- because the passengers is sort of the best police. >> the point i make on that from an operational point of view, greta, is don't mix this up sleepy hollow. this is a real setting. there are people coming after us and they would like to do harm without a doubt. >> bill, thank you. nice to talk to you, sir. >> my pleasure, greta. >> this is a

mumbai. >> it's subways. trains because there is trains here. know, we have a lot of people ride subways in this country. it's not just trains. >> correct. correct. >> i can't imagine that we are going to check every package of everybody gets on every train and subway. i mean, thousands and thousands just in this city alone. >> on that point, greta. you cannot check every one but you can check some. if the bad guy is in and he or she is targeting think will look at security measures in place. the more you can show alertness, awareness, lidge vigilance, the safer your travelers are on that train. >> we give the passengers the nod, to go ahead and act in a accepts like -- i mean, because, you know, the pappas jerusalem is sort of best police. operational point ofn that view, greta. is don't mix this up with sleepy hollow. this is a real setting there are people coming after us and they would like to do harm without a doubt. >> bill, thank you. nice to talk to you, sir. >> shy pleasure, greta. >> come up we have had a string of some pretty bad news

i'm a fourth generation angel o angelino, i could be on the o lh streets of tel aviv or mumbai or feel at home because it looks like the state of los angeles. e and foren americans, even our great strength even when lo diversity doesn't look as diverse as it does today, whether it was puritians or quakers, this is where the coun hardest cross rivers and oceanse to come here. and want to reserve the bulk ofo my remaining time to speak about what we mustcont do to make sure integration continues here in be america. it is the primary driver of our success and will be in the future. t me give you one other ot examples.dy recently rye on games, anybody play league of legends, if you haven't, it is a video game, ga role playinga game that is responsible according to 3% of the global internet time spent by all human beings so maybe the reduction of 2% of the global productivity and the l.a. based company that didn't exist five years ago and we moved them inty the city of los angeles, ago a reducing taxes and helping people with white glove service and people say the old playbook for mayors is

tom: harsha subramaniam from mumbai this morning.sto give rajan ,his morning, and he teaches iconic there with financial economics. how about a single best chart on what matters to you. gasoline always comes down in september. maybe not. one gallon of gas, two dollars 50 cents. will that price be dropping ever lower soon? that is the subject of a single best chart. it is jobs week. not too early to talk about on a monday. it is "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance." we welcome you, on economics, finance, and investment. right now let's do some geometry. the single best chart. we have the right guy to help out, skip york. can we get below $1.99 per gallon at a gallon of gas is the topic of our single best chart. four dollars a gallon, down for a couple of coffee -- down for a dollarsoffee, under two , in 2008, 2009. do you buy the idea about automatically gasoline goes down in september? skip: if oil prices stay flatter, then as the gasoline season rolls over, takes downward pressure on pric

. >> 12 people were killed early today when a believe in mumbai collapsed. several people had to be rescued. the believe had been damaged by heavy monsoon rains. >> rescuers in the netherlands are searching for survivors after this crane collapsed. it slipped sideways on to a row of buildings flattening apartments and shops. authorities are using dogs to search for additional victims. >> senegal is doing what it can to save the environment but three months after passing a law banning plastic bags, not much has changed. authorities has sought help from religious leaders. >> it wasn't always like this, the litter, the junk and plastic bales accumulated over time. he never understood how his neighbors throw their garbage here polluting what was once a nature reserve. >> islam is clear any form of pollution or aggression towards the environment is a 16 and clearly forbidden. people need to be reminded of this. >> to reduce this pollution members of parliament recently voted a law banning plastic bags altogether. carrying one of these is now illegal and throwing

let's get over to mumbai. a very good day. reporter: good morning, rish.ard from a governor, who said the central bank will discuss a plan to try to examine these sovereign debt gap, and it is reflecting comments from the secretary, who said that in june, they will be expressing , ands in the indian rupee why is this? you will remember that while the theet have been volatile, first was in 2015, thanks to the chinese equity markets, which have seen a sharp surge to mid-june and also to the slowerrs, and it is much in india. secondly, watching all of the action and commentary from the fed. in terms of monetary policy. all of which is giving some confidence to pimco, and also what is going on with the rupee. thank you with the latest from moon by, and that is it for this monday edition of trending business, and up next moresia edge," and we have on the conference from kalgoorlie with a guest. ♪ ♪ it is the beginning of the asian trading day, and that is the tour you harbor, and this is "asia edge." right. a look at our top stories. still slowing, manufacturin

angelino, growing up and embodying that diversity, i could be on the streets of cairo, tel aviv, mumbai, or mexico city, and feel at home because it looked like the face of los angeles. for us to be able to compete as americans, and it's always been our great strength, even when perhaps our diversity didn't look as diverse as it does today, whether it's puritans and quakers, this is the place that has always been a country of chances where the boldest people cross rivers and oceans to come here. so i want to reserve the bulk of my remaining time to speak to you about what we must do to make sure that integration continues here in america. it's the primary driver, i believe, of our success and will be in the future. let me give you one other example. recently riot games -- anybody heard of riot games in anybody play league of legends? if you vant it's a video game, a multiplayer role-playing game that is responsible, according to them, for 3% of the global internet time spent by human beings. so maybe the reduction of 2% of our global productivity. but this company didn't exist five year

i was in a slum in india in bombay, mumbai, they said this bathroom here, this toilet here services 5,000people. try to even imagine what that means. i don't know what that means. i can't even imagine it. so i guess part of it is being grateful, is being humble. i think we need to love nature and we need to put it in the center of our lives and we need to be grateful for it. we have to be consciously grateful. and we have to find joy in the work that we're doing. and realize that it can be tough. but to my mind it's like you open a door, you see what's on the other side. some people choose to close it and not see. i call it the right not to know. i don't want to know. it's not my business. i find if you walk through it and you see it, it will hurt. we talked earlier about a wonderful quote by margaret atwood, the wonderful canadian writer. she said the world seen clearly is seen through tears why ask me then what is wrong with my eyes? if you're real ly seeing it, you're going to be sad a lot. but that's a good sad. that's a sad that gets you off your -- out of bed in the morning and off

taking your questions about afghanistan of that is near and dear to read and has ben for a long time mumbai to tell you about it during question and answers. >> alaska you specifics of the military dynamics but i would give a view of a chance to remind americans why this is important for our security i know it is complex and in direct and remote. >> i wear two hats u.s. forces at and the nato had to bear really that is to codify the gains over the last 40 years. and two major to be a safe haven buffet a conventional and afghan security forces we have to build that capacity they want to be a regional partner that is committed jerubbaal international committee as the commander in chief to visit hospitals and trading over the last 48 years of gains they have made for central asia that headstone on a opportunities they understand people want to change our way of life sometimes we have to play this away game that has prevented us and we are very blessed to have men and women who put their lives of the y in. we have a sweet spot right now actually was a loss from a soldier with day civilian that

from across the world on how people were reacting yesterday, including those watching in hong kong, mumbai, india, and also pictures from australia. other places as well, talking about the impact of what happened yesterday. again, we want to get your thoughts on not only what it might have done to your financial portfolio but also your faith in the stock market. the numbers will be on the screen. here to tell us a lit bit now that we've experienced this and what happened is robin farzad of npr1, host of their full disclosure program. give us a sense of what we learned yesterday. what were the causes of the selloff? >> i just think a lot of pent-up anxiety, kind of subterranean anxiety that people seem to forget this has been a bull market globally for six-plus years now. in the united states at least we have not had a routine correction, which is typically defined as a kind of giveback of about 10%. we haven't had that in more than 1,000 days, which is an anomaly if you look at history and how often the stock market just has routine selloffs. so people kind of catch their breath and come b

we have programs in shanghai and now in mumbai with our executive mba.o our footprint globally has really taken off. we see students to heading to all parts of the globe and you just have to be nimble and ready to go where opportunities may be. >> gentlemen, thanks you very much. thanks very much. >>> thanks, tyler. i'm here with kayla tausche as we transition from the 1:00 to the 2:00 hour of "power lunch." we're watching the markets. the dow is up 507 points breaking that losing streak -- up 50 points. let's look at some sectors. consumer discretionary is the winning group on the s&p, up 1% on the back of retail sales that came in this line for july and showed a rebound. >> you think about the move we've seen in oil, the potential boon that could bring as book to school shopping gets under way in august. we're also watching financials which are up slightly today up by .5%. also up by 1% year to date. interesting though within the financials it is really the insurance names that are the stand-outs. we've seen premiums climbing throughout the year. today

i had a great experience when i went to mumbai. i was in six cities.easons, one of the four snzeasons, there is more than one. i said i'm going to take a walk and these heavily armed guards said, no, don't take a walk. the only thing that separated this luxury hotel from the slums was a big wall with aks. >> go over the wall. >> i walked and a family took me in and served me lunch. i took all these pictures of the neighborhood. i mailed them to the family. we kept in accordance, and it was literally one man in a whole neighborhood who spoke glashenglish and that was the man i got information from. you can end up having powerful experiences. >> what you said there i want to pinpoint on for a moment. one of the things often troubling about americans is we often speak only english. maybe one other european language. i wonder how that limits us as world travelers. >> what i tell people all the time is if these other countries want to make money, there is someone there who speaks english. let's be real. that's a universal language so if you want to interact

suggestion i'm about to make. 2004 spain bombing 191 killed, 2005 london bombing 56 killed, 2006 mumbaie know, even after 9/11 all too easy to get on a train. if you want to do bad things. you say doesn't mean we change policy because? >> that's too simple, chris. i say nonsense. so you to look at the counter terrorism world not from our perspective but from the eyes of the adversary. they go after icon targets. things like the entertainment industry, things like nightclubs. we see them go after schools. major threats or attacks against buildings in new york, chicago, west coast. transcription things like subways and trains. so step back and by the way the past month or two we've seen military recruiting stations. we've seen the parliament in ottawa, attacks against police. do you want to secure every one of those by checking those who approached with the backpack. remember the underwater bomb ea. before we have a conversation about trains, you've got to look at the world through the eyes of the adversary and look at targets in the aggravate. i'm going to say securing the targets it's n

mumbai got in on some of the rainfall. at that point, the cyclone was moving. it was not stalled.f across the northern part of the bay. and that's why we are talking about an international aid requirement here for myanmar as a result of that rainfall. this is our next storm here. this is typhoon solador. the winds are 215 kilometers per hour. if you draw a straight line, it's headed towards taiwan. taiwan because of the topography here, that happens on the strait of taiwan. but once the storm goes north you get the bands beginning to feed in. and we talk about incredible amounts of rain. the amount that comes with the storm and the amount that is squeezed out over the mountains and it only has one way to go. and taipei is right there. the worst cases with typhoons in taiwan that we've seen, rainfall. >> really? >> yeah. >> a tough situation there. >> the next couple days. >> see you again soon. >>> in california nearly 10,000 firefighters are battling this, it's part of two dozen raging wildfires across the state. the rocky fire in the northwest is the largest and burned 67,000 ac

. >>> in india 11 people are dead and seven more hurt after a residential building collapsed in mumbaiofficial says the 56-year-old building was declared unsafe and residents were notified. >>> in india a government spokesman says that flooding has killed 178 people there in recent days. rains have inundated other parts of southeast asia including myanmar and vietnam. anna coren anna coren has more. >> reporter: this year the waters are extraordinary, dozens have been killed with more than 200,000 families displaced. and u.n. teams on the ground fear this is just the beginning of a humanitarian disaster. the full extent is unknown with many of the worst hit areas cut off and inaccessible. >> it's affected by landslides and rivers choked with debris and that makes it that much more difficult in areas that are difficult to access in the best of conditions. >> reporter: to demonstrate how much water there is a local news reporter filed his report from the middle of what should have been a busy street. four areas in central and western myanmar have been declared natural disaster zones by t