the cost of living is rising in china as the national bureau of statistics clocks inflation climbing at the fastest rate in years one of the key reasons is the country's outbreak of african swine fever the country's pig herding has been haft by the epidemic higher prices for pork in china are driving up the costs of other food as well as consumers search for other sources of protein the price of pork has jumped by 110 percent compared to a year ago increasing the overall cost of food by nearly 20 percent this means china's already high inflation rate of 3.8 percent in october shot up to 4.5 percent in november compared to the year before that's more than analysts were expecting and the highest jump in chinese consumer price index in almost 8 years. china now says it will begin releasing frozen pork from its state reserves this week to boost flagging stocks as people prepare for lunar new year holidays next month. and now to some of the of the global business stories making the news a ruling in favor of u.s. oil giant exxon mobil a u.s. judge said there was no evidence investors were m

selina: but we can't get too excited, because we have the national bureau of statistics saying volatilityprofits still remain. and this is backward looking data. across the area when it comes to the mainland. more than 1%. about .6 percent. looking positive after the christmas holiday. we also had great news about the chinese government relaxing this system, which is great for the economic growth and migration of labor and talent for property and those lower tier cities. we also have plans to revamp the state owned enterprises, so good news today, we have more market coverage on bloomberg. this is bloomberg. >> "blooomberg markets asia." welcome to -- welcome to "blooomberg markets asia." a rally lists u.s. benchmarks to new record highs. >> and china promises to improve handling of bond defaults to restore investor confidence. >> and clashes in hong kong, there we go, at shopping malls across the city and more. demonstrations are planned in coming days. ♪ >> welcome to the second hour of the program. its a very quiet session, volumes 40 to 50% thinner than japan outail sales in today, in

of them have been here more than once. nationally, the bureau of justice statistics estimates that about two-thirds of released inmates are incarcerated again within three years. the new sheriff says she wants to change that. >> these are our neighbors. these are, you know, folks that we live around. so what i'm hoping to accomplish is to establish some type of case management system, post release, that once they do get out, there are resources provided to them and someone that can be there to provide any other opportunities to help them once they get out. >> brenda brewer has been in and out of the jail for more than 30 years with seemingly no exit from the revolving door. >> i see her. >> i've known brenda brewer since i have worked in the jail. i think we started coming here at the same time. you running the show in here? >> i try to keep them on their toes. >> i appreciate that. >> i guess this is her second family, if you will. and this is what has become her life. >> how many times would you say you've been arrested here in fairfax county? >> i'd say 100 -- about 160-some times. i have a real bad, bad record. that's

1 trade deal, at least is good for the markets that is one of the key points that was reiterated again today by the national statistics bureaun it released the november data. the officials there had said that this phase 1 trade deal helped to improve and would help to improve market expectations and just to recap the deal, the december 15th tariffs that were supposed to apply to $160 billion worth of goods were cancelled. it never came into effect over the weekend. $120 billion worth of goods will have their tariffs cut from 15% in half. and then the chinese are going to be stepping up efforts to buy american products. so, all of those things were seen as positive developments. however, there are indications that some of these key points have been lost in translation. the main one is over the hard targets. the u.s. says that the chinese have promised to buy as much as $40 billion worth of goods could maybe go up to 50 billion when it comes to agricultural products the chinese have not confirmed that number. the chinese have said that the u.s. wourld agree -- had agreed to a tariff roll back and that would come step by step.

of the things that i think is interesting is that the chinese and the u.s. do both agree that this truce is good for the markets because the national statistics bureau releasedhe november data and as part of that they said the phase 1 trade agreement would help to improve market expectations so that is the official line that we've been hearing quite a lot. there are, though, questions and concerns as you guys were talking about that some of these key points have been lost in translation. so, the hard targets, as you guys were talking about, lighthizer had said could be 40 to 50 billion dollars that china promised the chinese have not confirmed that number. the chinese have said that the u.s. agreed that they would roll back tariffs and there would be a phase out step by step lighthizer has said we have not made such a promise. and then on the phase 2 negotiation, as you guys were discussing, president trump had said this was going to happen immediately, but then the chinese said that this phase 2 negotiation is going to be dependent on the phase 1 implementation so, still a lot of question marks. i got on the phone i've been talking to a lot of people today