that allow the nikkei to rally the nikkei is closed today elsewhere around asia, decent gains. hong kong. >>> the ftse 100 is down germany, frans both gained more than 1% last week. all of those markets are nicely high this morning. almost half a percent as the average return futures here in the u.s. also taking the lead from global markets by 1/4 of a percent coming off the back of the best week for the dow this year up around 2% the s&p and nasdaq up 1.4, 1.5%. >>> in global political news japanese prime minister abe is calling for a snap election next month. the move is coming after his popularity has recovered reports say abe has told members of his liberal democratic party he may dissolve the lower house of parliament for a snap poll after the legislature meets at the end of september now perfect setup for today's must reads it's titled solidarity against the north korean threat. it's penned by himself, shinzo abe, the prime minister of japan. he writes, global solidarity is of utmost importance still prioritizing diplomacy and emphasizing the importance of dialogue will n

the nikkei two to 5%.look at the haven with the yen, gold higher, up .2%, and treasury yields also in focus, the 10 year treasury yield lost three basis points, moving closer to 2.13% on the latest news out of north korea. we do have movement in the currency space, the dollar set for a fourth day of losses. the aussie tracking closer to $.80 before the iba decision. -- of the rba decision. we are seeing diversions in the renminbi space after the latest caixin services data. sliding,ore yuan snapping a 14 day rally, losing .2% this morning. easing the earlier tumble. gaining, retreating from a to wake low, while korean stocks remain under pressure. korean equities valuations, stocks trading at a record discount to emerging market peers. you can see that with the pe ratio on this chart. decline.led to this have to askll themselves if the risk-reward so longf is worthwhile, as korea can deliver on the economic front and companies growth potential. rishaad: thank you for that. taking a look at live pictures of

huge gain for the nikkei, up 2%. it was closed yesterday so slightly playing catch up. the size of the move surprising when you consider it was up 3% last week. the nikkei on a tear as of late a bit of gains for the ftse 1 00 and the dax is just below the flat line that is an improving picture. >>> oil prices today up about 0.6% that comes off a pause yesterday. big gains that we saw in oil prices last week, up 5%. back to that $50 level per barrel price let's look at the dollar board as well. which saw slight gains yesterday, up 0.2% perhaps could have expected bigger gains given the move higher in yields we saw a mixed picture the dollar slightly higher against the yen, lower against the euro and the british pound the pound sort of flat around the 1.35 level. gold prices to round things off a loser last week. a loser yesterday, down 1% flat today at 1312 >>> look at run in tech. the nasdaq up almost 20% this year, beating the dow which is up 13% and the s&p 500 up around 12%. let's discuss with the founder and ceo of cm research cyrus, good morning to you >> nice to b

nikkei in japan as well significantly higher stop the nikkei injapan as well continues its big reboundef that there wasn't a missile launch from north korea over the weekend and hurricane irma has been downgraded. that is it for this edition of the asia business report. thank you forjoining us. the top stories this hour. the un accuses myanmar of ethnic cleansing — as the exodus of rohingya muslims continues. many are victims of gun attacks and landmines. the un security council has unanimously backed another round of sanctions against north korea — ramping up the pressure over its nuclear programme. the british prime minister has welcomed a vote ending legal ties with russells. lawmakers voted in favour of the bill. it will now go on to face days of line by line scrutiny. ministers reject the labour party claimed that it amounted to a power grab. this was one of the first big parliamentary tests for the government and a bill they wanted to introduce which would bring all existing european law in the uk law so when the uk leads the eu there is not a big black hole in legislation. the b

the nikkei surging past 20,000. japan's prime minister shinzo abe is said to be preparing a snap election. what will an extension of abenomics mean for the election? and revising the pound forecast. are investors finally buying what governor carney is selling? and bracing for the fed. the dollar rally fades in the path of the likely qe unwind. the fomc meeting kicks off today. matt: take a look at how markets are prepping. we are half an hour away from the start of cash trading. futures are down across the board. it should be said that u.s. equity indices hit new records, just barely, yesterday, and we saw the asian gains as guy pointed out. they will be interesting to see how the trade goes. take a look at the bund trade. it is more interesting to look at a slightly longer-term shot. this is the yield over the last three trading sessions. you can see we have steadily climbed our way up from a three handle to four and a half. bund yields, although right now not moving much, are over the last three days climbing abou

notably the nikkei 225.sibility that it could be called early this afternoon. for the yen.ivers the end wakening has helped some of those exporters in japan. by 6/10 ofhe upside 1%. otherwise, there is a general sense of weakness out there. we have the hang seng, one of the worst performance. tell me why. let's look at the country garden, it said earlier it would put -- hit the positive button on their -- the pause button on their plans. it is at 7%. what we have is restrictions and mainland cities being rolled out. this is a gain for home price gains. we are seeing weakness in china's property. eight large cities in total tightening. most of them banning cells within two to three years of purchases. that means no flipping of homes. news for these developer stocks. let's find up more on what is going on with this. our real estate editor shirt -- editor nejra cehic, is with us. tell us about the impact and beyond that. nejra: this is been something that has been going on for more than a year at this point. ch

market in the weaker yen are positive signs for japanese exporters in particular japan's nikkei exchange finished tuesday on a two year high the nikkei was quieter wednesday as were markets across asia traders are acting with caution before the fed announcement all right let's go back to don your crop in frankfurt how big an issue is the fed rate decision for european stocks. well the press conference off the head of the fed is going to be have after markets are actually already closed here in europe but investors are keeping a very close eye on this when you talk about the blue chip index stocks today. cannot really decide for a direction you can feel that investors are a little bit nervous about what she is going to say even though we are not really expecting big surprises most likely we just heard it in your report as well there are not going to be higher interest rates but investors will be mostly keeping an eye on the wind off the four point five four point five trillion born port for you it's something you know that they have been asking off of the european central bank here and fr

market and a weaker yen are positive signs for japanese exports in particular japan's nikkei exchange finished tuesday on a two year high the nikkei was quieter wednesday as were markets across asia traders are acting with caution before the fed announcement over to daniel cole in frankfurt as i'm comment on this daniel tell us what the euro and doll is doing and also tell me is the fed finally waking up to the fact that it may have to be in this low rate era for a little longer than it was hoping for. yeah very interesting question ben well who is in the very good position right now is the donald trump or is it is miss yellen because basically you know the problems that the u.s. and also the very weak dollar is having is mostly because of the politics of the on the tram all this war tension that we are seeing right now between united states and north korea also an economy that is not boosting as strong as donald trump one so she doesn't have any reason to announce today higher interest rates and with this we're also going to see much stronger euro and not a strong dollar coming up ok

tuesday on a two year high the nikkei was quieter wednesday as well markets across asia traders are acting with caution before the fed announcement i asked our financial correspondent daniel cope if the fed is waking up to the fact that it's stuck in a low rate era which could be even longer than many thought. well that's exactly the question that many people here also on the trading floor are raising at least in the united states we have the situation that they're considering to stop this bond purchasing program you know it's a completely different scenario here in germany mario draghi didn't give any statement during the last e.c. be meeting you know regarding this issue and investors here basically are crying for you know a change and they're saying you know the euro the european economy is so strong ok inflation rate we heard yesterday is not doing that well but forget about that you know the economy is so strong why is still all this you know action going on basically. the trump administration is preparing to make it easier for american gun makers to send sell small arms includ

nikkei is one of the market leaders but chinese companies are quickly closing the 93p- companies are. they are cheaper than foreign brands which is why the locals choose them, the nikkei and a bidders are still the because they are considered more prestigious. you can see that a deed as is catching up can see that a deed as is catching up with nike. —— adidas is catching up. general electric is in talks to salvage a deal to build 1000 diesel locomotives for indian railways, the country's national rail line. the bbc‘s gunther has more. the officials i spoke to have said they are in discussions with general electric over what to do with the $2.5 billion deal to build these engines. the indian government wants to focus on electric engines which it feels is cleaner and faster and more cost—effective, especially when they are building a new 3000 kilometre railway network line to transport goods. at the moment, contractual obligations are needed to be looked at in order for the deal to be scrapped. but it will not be easy. the government is not wish to upset a foreign investor. general ele

the nikkei is above 20,000.his would be a good time to go to the polls but the other dynamic is the end. the yen is the haven of choice and this is a challenge for manufacturers, isn't it? >> that is true. you saw yen strength at its highest level since november. something boj has to closely watch. that means the consideration of sentiment among the companies. tot is something boj wants appoint. [inaudible] afford to take risks in strengthening the end. anna: thank you very much. let's turn our attention to the boj. the boj is part of that story. little expectation of change even though there could eat excuse for movement or another date given what we have seen in the yields of late. guest: there could. acting in a stealthy way. they said clear parameters of quantitative easing but they dial that amount of been down. you can think about it on a monthly basis. when you're thinking about targeting that 0%, they can buy less. anna: it takes the focus off how much they are spending. >> the key when you look at that,

you have the yen strength weighing into the nikkei, the nikkei closing down by one third of 1%.t losing by .1 of 1%. and up limit remained steady at 5.6% for august. carmakers have been rallying quite strongly. the kospi looking good up 131%. a lot of the apple suppliers in focus, one falling the most in three months. it is on concerns that the delay of the iphone x will hurt its sales. samsung partnering with wechat and releasing a phone ahead of the iphone x. toshiba shares coming under pressure. it signed a memorandum of understanding but there is concern it is struggling to sell the chip unit. into a the china data picture we can see. pacerose by the slowest since 1999. we saw ipn retail sales at their slowest pace of growth so far this year. a shock to markets but what we are expecting to see instability from these countries and double-digit growth in terms of retail sales, something other countries can only dream of. anna: juliette saly joining us with the latest on the chinese data. mark carney is grappling with a familiar trade-off as he prepares a policy announcement do

just losing steam as we end the week asia down.4% 0 0.3% for the nikkei.arlier the neeikkei bounced bak let's look at european trade a story of decent performance in general for germany. mixed eltsewhere. germany is giving up some of those gains. down 0.3 we're looking for the bank of england decision in a few hours, not expected to hike rates but the pressure is increasing inflation there 2.9% u.s., similar story. gains for most of the week yesterday we had a third of a percent of gains pausing as we near the end of the week >> joining us now is the global market strategist at jpmorgan asset strategy great to see you from london how you have been? >> good. how are you? >> great let's talk about the bank of england meeting, that announcement expected. i guess consensus is that we won't see any type of rates, rate change, but i guess it's all about the commentary from mark carney. >> exactly it will be tough for the bank of england to raise interest rates this year or in the early part of next year until the real wage growth in the uk starts to pick up at t

it was up nicely probably why you got such a big rebound in the nikkei. the japanese market. pound is getting strength, almost .75% on the back of what was stronger inflation data. this will be a predictable for the bank of b england. >> clearly it's a lot higher than anywhere else in the world. >> they have athe opposite problem as us, higher he inflation and lower growth >> you'd have to say the next move looks like it's going in that direction and hence you have the pound moving significantly higher >> we hear from them on thursday >> no change is expected >> no change is expected, but if we go above three, they may have to hike a little bit >> now to the latest on irma the storm downgraded to a post tropical cyclone bringing moderate rain to part of the southeastern u.s. and tennessee .ohio valleys. it's expected to weaken throughout the day but look at the destruction in its wake this is a video out of jacksonville, florida. you can see flowing streets and damaging cars. business and commerce is slowly restarting after hurricane irma swept through florida. in tampa, the

down because the yen is still strong and the nikkei is stuffed full of exporters were the strong yenforeign companies. let's look at wall street, it held steady yesterday, not a lot of movement. waiting to see what happens with the hurricanes. that's it from me. don't forget you can get in touch with me and some of the team on twitter, i'm @bbcrachelhorne. a review of the criminaljustice system in england and wales has concluded that people from black, asian and minority ethnic backgrounds are still facing bias and overt discrimination. the inquiry, commissioned by the government and led by the labour mp david lammy, makes recommendations such as assessing the maturity of young offenders and sealing criminal records of reformed youths. elaine dunkley reports. noel—williams was 11 when he first got involved in gangs. by the age of 13 he was imprisoned for robberies and drug dealing. i'm in and out of the system, been there three times. a lot of bullying goes on and as you say prison officers don't pick up on certain things, people are so farming, if they don't cut their arms they kill

japanese stocks are fluctuating between gains and losses today with telcos leaving the rise on the nikkeiining 2% so far. newsank climbing on the that talks have resumed for a potential merger of sprint and t-mobile. when it comes to japanese , should mark cranfield the boj stand pat, then 21,000 in the futuree for the nikkei 225, a reinforcement of the upside breakout tuesday. david: we will see how that plays out. thank you. let's get you caught up with first word news with paul allen. president trump has threatened to destroy north korea, saying kim jong-un is on a suicide mission. said the u.s. was ready and able to protect itself and its allies and would respond with overwhelming force if attacked. he described kim jong-un as rocket man and said he hoped military action against north korea would not be required. the united states has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroyed north korea. japan reported double-digit increases in in august. imports an exports grew up 18% from year earlier. expanded b

the aussie dollar, that has been rising. ,ver in the nikkei futures chicago nikkei futures also lower. and we continue to see that drive into the japanese yen. where is where trade -- we are trading. yvonne. wenne: yeah, those lines heard from the nikkei this morning about japan preparing for possible evacuations if we see these tensions escalate with south korea. we see some type of military strikes. that is going to weigh on investors minds in tokyo this running to a let us get the first word news with haslinda amin. yvonne, bitcoin tumbled the most in 2.5 years after china said the initial coin offerings are illegal. the pboc has asked for fundraising activity to be halted immediately and says there will be harsh punishment for any offerings in the future as well as for one's already completed. bitcoin fell by more than 14% on monday, the most since getting worried 2015, before recovering slightly in early trade tuesday. the u.s. house of representatives will vote wednesday on hurricane harvey relief that will not contain language at saving up a default on government debt. leaders

the nikkei closing down by .1 of 1%. the broader topix has closed higher by .1 of 1%.tocks leading declines in hong kong, the hang f and you have weakness in sydney at the close. down .41%. karen stocks still under pressure, the third session in a row they have been down by one third of 1%. having a look at stocks we will be watching, toshiba is rising. we heard from the nikkei news that it did not raised a decision on the chip sale but that was factored in. bestit holdings one of the performers in the region. 225as a surprise add to the and kia motors fell the most in seven years in 2010 after a number of broker downgrades area we have been talking about the fact that it is a strange geopolitical environment. -- yowon is [inaudible] investors retailing business are turning to more speculative markets like that chinex index. rather than putting their money into hong kong via the stock connect link. up 14% from a low reached mid july at a has moved beyond the .75 index, the fourth time we have seen that happen since 2015. anna: thank you. juliette saly in singapore. the

the japanese nikkei, trading stronger this morning. yen, under a little bit of pressure as this risk rally continues. that's what we are seeing at the moment. the big story at of japan is what is happening with the japanese jgb 10 year, training one --much as we have d earlier we were trading up as m uch as we have this year. so, that's what you can see there, the gmm highlighting that. earlier on we were up four faces finesbasis points. you can see yields coming down over the last month. and then this bounce back up again over the last 24 hours. the yields popping back up again. it will be interesting to see how the boj will react. curb control, something we will be talking about for a long time. here's a chart i want to highlight for you. chinese ppi has not always been the best predictor, in terms of the global inflationary story, but it is a predictor and worth paying attention to. you have seen the data this morning beginning to edge up. the yellow line here is u.s. import prices and the two are reasonably correlated and that tend

you can see nikkei futures nikkei 225 futures unchanged as well as the chicago nikkei.yen. despite the idea that even though the fed is now tightening, the boj continues firmly on its stimulus path. that still is going to create a cloudy outlook for the dollar-yen, for where the japanese yen heads. although you just heard from vince reinhardt, saying depreciating yen, always going to be good for the japanese economy. yvonne: always a good thing for the boj. with this allen sheet unwind, what does it mean for yields? will it be the boj to control? we look ahead to that decision. also, sallie krawcheck joins us. ♪ ♪ yvonne: 7:30 a.m. thursday in hong kong. i came back from europe, came back to summer. 30 minutes away from asia's first major market open. betty: looks gorgeous there. 7:30 p.m. wednesday in new york, holding onto the remnants of our summer. markets closed slightly higher. a mixed session. we saw the markets selloff after the fed announcement. i am betty lou in new york. yvonne: i am yvonne man in hong kong. you're watching "daybreak asia." let's get the firs

nikkei futures looking like a positive start. up by .3%.apanese markets have been closed in the monday session, seeing pent-up activity. this is daybreak. i am haidi lun in singapore. betty: i am betty liu in new york. we were just talking about stocks. let's talk about on. bond market bowles pulling in s pulling in their horns. what it says about the start date details of that qt, quantitative tightening. with more,ys here and cap mean, there are not any big economic reports out of the u.s., so it is the focus of the fed. kathleen: just waiting for the fed. we are looking at two questions. rate hikes, not this month, but what about the rate hike half? that is what the fed could reveal. let us start their because we know that no fed hike is expected when the fed wraps up the meeting. is downce of a hike below 30%, so people are moving more in that direction now. officialsecause fed seem to be pouring in that direction. does that every three months. in a bloomberg survey, 75% of economists we surveyed said that no change in the inflation for

the nikkei 225 hitting the fresh two-year high. it will be interesting open in tokyo. am in hong kong. the north korean intentions giving winds to administer shinzo abe. he is betting he can crush a weak opposition in next month's election. he plans to dissolve parliament more than one year early, calling the vote a test of confidence on his stance in north korea and effort to boost the economy. stephen engle joining us now for more, and kind of a big gamble for prime minister abe. there are a lot of things at play. there is the opposition, which is in disarray, and the ¥2 trillion stimulus package that shinzo abe announced yesterday in meetings with his economic advisory committee and the parliament, which has to approve it. that includes free take care and school for children. of whatludes a period he called intense investment spurred by government spending between now and 2020. there is already going to be a lot of investment because of the summer games that are going to happen in 2020, so that is on top of it. he has taken a gamble. he is betting the opposition is

that's 18 trillion dollars you can see the nikkei is up by half a percent generally speaking down markets the rest of the major markets in asia. the hang seng down by 1 1/2% the kospi in south korea off by 1/3 of a percent as well. >> germany's chancellor angela merkel was re-elected to a fourth term. the nationalist alternative for germany party afg picking up 12% of the vote which means they'll be the first right wing party to enter the german parliament since world war ii that seemed to be the big market reaction, that and the fact that merkel won by a much smaller margin than she has won in the past the center holds in germany, but the continued fracturing of the political parties there may be spooking the markets a little bit. the dax is doing okay. you see that selloff even with the merkel lead which is considered sort of the best outcome. >> you almost get a sense that the global stock markets are picking up what the u.s. stock markets have that's that whole kind of shrug it off mentality we talk about, right? you see all of this stuff coming out of japan and the nikkei is up half

market in a weaker yen are positive signs for japanese exporters in particular japan's nikkei exchange finished tuesday on a two year high the nikkei was quieter wednesday as were markets across asia traders are acting with caution before the fed announcement let's send it to daniel colp our financial franc correspondent a man of caution i believe that. well trying to tell me what is going on and that's all of us doing at this hour. well it has been a day here at the frankfurt stock exchange that was completely overshadowed by the fed meeting at the press conference that everybody here is most likely going to watch at home we have again a very strong euro today with one a euro or twenty and you can see here very well in the background this is again harming the trading day here at the witch of endor because that's because most of the companies here in the next tax are exporting and that's always harming the export business on the other hand when you talk to traders they are saying that ms yellen is in a very easy position because she doesn't have any reason basically to give the united

the nikkei reached a high yesterday.carried away, japan's economic growth was revised down to 2.5% and that's an unusually good quarter for japan. things have been generally slower than that. little change across asia in stocks after again, tim mentioning there, it hit a two year high, certainly on the nikkei yesterday. nintendo shares are up. that's hopes of strong sales for the new switch games console that are boosting shares in nintendo. president trump spoke at the un yesterday. this is what europe is doing right now. there has been a lot of anticipation about the federal reserve rate meeting. particularly since the fed now and we will discuss this in a moment looks likely to reduce its $4.5 trillion balance sheet. looks certain that will start to happen, but rates not expected to move any time soon or certainly for the next couple of months given that inflation still remains on the weak side. and also too the fed weighing up side. and also too the fed weighing up the cost, or the economic cost of hurricanes harvey

nikkei down 1.44%.ng off 0.6% the shanghai up fractionally seeing some of those same concerns translate into the european stock markets today where we're seeing only the auto sector bouncing back germany, france, ftse all down this morning also tomorrow the ecb's governing council will meet to talk about whether they can tighten now the monetary policy. so a lot of investors in europe taking a close look at that. >> as for broader markets, oil prices enjoyed a nice bounce yesterday. they had a good few sessions in a row as some refineries have come back online in tex, up 3% yesterday. still positive today, only by a third of a percent dollar board for you, we did see a move lower in the u.s. dollar yesterday. given the size of the move lower in yields, you could expected the move to be higher. today is continues to move lower, but not in a very pronounced fashion a quarter percent higher for the euro against the dollar, broadly flat against the yen and the pound. gold prices enjoying a sdeent bounce yes

market in the weaker yen or positive signs for japanese exporters in particular japan's nikkei exchange finished tuesday on a two year high the nikkei was quieter wednesday as well markets across asia traders are acting with caution before the fed announcement. all right let's go back to don your quote in frankfurt how big an issue is the fed rate decision for european stocks well the press conference off the head of the fed is going to be held after markets are actually already closed here in europe but investors are keeping a very close eye on this when you talk about the blue chip index stocks today. and exacts cannot really decide for a direction you can feel that investors are a little bit nervous about what she is going to say even though we are not really expecting big surprises most likely we just heard it in your report as well there are not going to be higher interest rates but investors will be mostly keeping an eye on the wind off the four point five four point five trillion born port for you it's something you know that they have been asking off of the european central bank

we have the nikkei higher and similar for the topix.kets barely flinching as trump criticized the rocket man in his un's beach. it will take more than that to derail sentiment. even the korean won little changed despite would have to say about north korea. look at what is going on with currency markets. we have the dollar rebounding and the aussie dollar ring around the 80 level. atcks in sydney are looking 10 weaker for the cost me -- but trading at a high. we have the end fairly reacting to the trade data we got out this morning. exports did go at a stronger clip. not much reaction in that currency. base metals are mixed and aluminum has had a good start to the weekend money managers are turning more optimistic on metals increasing bullishness while trimming their long wagers on copper. down .1ve it swinging of 1%. potentialay there's a election for japan that could be above and for stocks. the election may include following through with a tax hike pledge and clarifying the role of the nations self-defense and this could be key about

you might imagine as people brace for this storm i also want to bring you up to date on down the nikkei that's an island nation that was badly hit by hurricane rita on monday and i can tell you we've heard very little from there and that's because all communications have been cut off from that island nation both cell phone towers that has fallen landline towers there's no internet on the island as well in fact the prime minister was unheard from for several hours and just got out of the country we're just now in the last few hours starting to hear some of the first still pictures and that is a country that is completely devastated we don't know exactly the total death toll right now or thinking is right now it's under ten people but there have been really mildred you have personnel that have been able to get into dominique as well as yet the prime minister says the country is comes he destroyed we're hearing that it's many years ninety percent of all the buildings on the island were badly damaged so it's a very very desperate situation there on that country that has about seventy five t

based macroeconomic research firm f f t t told nikkei asia review of course you know. gold and oil everybody knows that in one nine hundred seventy one the us went off the gold global gold standard effectively going bankrupt and every recent innovation and nixon not only did he do that all of it on thing but he took us off gold what a loser well actually speaking of vietnam is a great documentary coming out we were just ran into ken burns on the way well we're at reagan one in two and we saw him on the subway coming down here yesterday didn't like this let's move for cocktails later this is i am on the subway ok so here we have now the dollar was backed by gold first and then it was backed by oil that was meaning the post maintaining the post bretton woods global financial system and now that could be breaking but not restructuring the global financial system i want to also point to another headline that was missed in all the craziness of the resistance and trump and insanity here in the hurricanes and fires inside of iraq and here's a tweet that says iraq hash tag bri

in tokyo the bell weather nikkei slipped with traders staying on the sidelines ahead of some key events trump's tax reforms and the release of japanese economic data later in the week. 0n the currency markets the dollar is hovering near one—month highs on growing expectations of a us interest rate increase in december. and the yield on two—year treasury notes which rises with traders expectations of higher rates, touched levels not seen since october 2008. meanwhile here in europe, shares are also on the rise. and samira has the details about what's ahead on wall street today. now that the republican senate's efforts to overhaul the us healthcare system seems to have failed for this year, the attention of washington and wall street turns to the next priority — tax. the republicans want to use their control of both the white house and congress to rewrite the us‘s notoriously complex tax code. amongst other things they plan to lower is the corporate tax rate. wall street certainly likes the sound of that. president trump will make a big speech outlining the republican plan on wednesday ev

in the nikkei index, we see tech stops -- tech stocks on the back foot.shares are powering ahead, gaining 3%. a quick look at shares down under, losing over 1%. calling today -- falling today. at miners,ke a look you have gold producers pulling down on the asx 200. ? >> welcome to "bloomberg technology" i'm cory johnson and for emily chang. top investors all gathering at the plaza mount etna -- plaza hotel in manhattan. we sat down with bill gates, pepsi ceo, and softbank ceo lazio she son -- matayoshi son. >> last year years the innovation of the microprocessor, using it as a base to create internet, that has changed the lives of almost everybody under us. going forward i think it is accelerating even more. >> i think in the year 2000 you lost $70 billion of net worth, what did it feel like to lose $70 billion of net worth in one year? masayoshi son: it was a crash. everybody crashed. at the bottom of my crash, i revived my spirit of fighting. actually, it felt good. by the way, many don't know, for three days i became richer than bill. but then 12 month

nikkei futures also lower, as well. the nikkei to 2/10 of 1%.hat safety trade continuing into the japanese yen, trading at 108.60 against the dollar. yvonne: i keep watching for the key levels for the dollar-yen and the aussie levels. let's get the first word news with a alisa parenti. round of talksnd on renegotiating nafta has ended amid resistance over discussing mexico's low wages. relatively few concrete proposals have reached consensus. labors. wants to tighten standards among other proposals. but business groups want to keep wages out of the talks. >> we must address the needs of those harmed by the current nafta. especially our manufacturing workers. we must have a trade agreement that benefits all americans, and not just some come at the expense of others. alisa: federal reserve interest-rate increases may be doing real harm to the u.s. economy. according to minneapolis fed president who says interest rate rises may explain why inflation is low and job growth has slowed. he has been an outspoken critic of the said's drive to tighten mon

nursing the nikkei rallied flat -- we are seeing the nikkei rally flat. we do have that better-than-expected pmi number helping out the us trillion and helping out the australian and the msci markets. in terms of stocks we have been watching in the region, synnex coming through. net incomeedible come through. there is concern about its debt levels. .acau leading gains this after j.p. morgan upgraded beginning stocks on what they call a beautiful opportunity which is too attractive to ignore and cba, australia's largest bank, under a bit of pressure. internal review found billions of dollars of transactions in the u.s., europe -- in u.s., europe have not been properly monitored. a little bit of a dichotomy between the trade and also gdp. gdp holding steady at 2.7% but you are seeing the korean won depreciate against his largest export markets. a little bit of concern ahead for the south korean economy. manus: juliette saly, thank you very much. it got to friday. we've got more data. manufacturing pmi hit 51.6. that topped the estimate. that is the third mo

some upside when it comes to the tokyo open, nikkei futures pointing upwards by 30 points.iful tokyo ahead of the start of the trading week. this is "bloomberg markets: asia." >> no storm brewing there in tokyo. we had been talking about, tons of flooding, trees down from hurricane irma. turned miami's financial district into a river. that is a live picture of fort myers, florida. research saying the storm could and almost $50 billion threatened to trillion dollars worth of property. their estimate had been up to $200 billion, but that might be little comfort for the pe company that holds real estate in miami. don peebles is joining us on the phone. safe. if you are your properties in miami in particular, what have you done to prepare for hurricane irma? officet, we closed our on tuesday in miami and encouraged our staff to take a vacation on the company so that no one lost any vacation time and encourage them to take as much time is they needed and work remotely once things settle down. we buttoned up our properties, my home. what has happened is miami and south florida ha

the nikkei closing at 1.4%. come through in hong kong led by those automakers australia's market posing higher by .7%. the cost be very strong. spi very strong. china is to phase out also fueled cars. pradat tumbling -- tumbling in trade. up byrrie group closing 3%. we are talking about that pick up on the factory floor in china , 6.3% rise in august year on year. this chart showing you that is we see ppi moving higher, you are seeing the food inflation traffic starting to fall. morgan stanley raising its 2017 to get projection for china citing supply cuts and better than in infrastructure investment on the factory floor in china. as a price beat as we head into that annual conference in october in china. stability better-than-expected. singaporeette saly in . hurricane irma has smashed into florida with walls of water and violent means making just violent winds wreaking havoc. -- mylan winds wreaking havoc. eric shatzer reports from orlando. eric: hurricane irma made landfall in florida on sunday as a category

the nikkei opening slightly weaker due to the stronger yen. numbers of not having much impact. australia are up ever so much impact. australia are up ever so slightly due to the strong copper prices and recovery in gold and lending some support to some material stocks there. that's it for this edition of asia business report. thank you for watching. the top stories this hour: the united nations has been accused of a series of failures in the lead—up to the crisis in myanmar. half—a—million rohingya muslims have left the country in the last month. beijing has taken a tough new stance on north korea — its businesses will be kicked out of china by january. a serious case review has concluded that the murder of a teenager by another resident at a care home in bristol was preventable. melissa mathieson was strangled by 19 year—old jason conroy in 2014. michael buchanan reports. she was a lovely girl. she was bubbly, bouncy. she was the type of girl that would hug anybody. always smiling. i miss her. we all miss her. melissa mathieson could be chall

in asian markets closed mixed with the nikkei average up 1/2 present. present. the push for tax reform continues the president insisting his plan is for the middle class and will not benefit the wealthiest americans, the latest is goldman sachs putting chances of meaningful reform approved to below 50%. chaos on campus the university of california berkeley ramping up security for conservative commentator ben shapiro. he spoke on campus last night, the cost of freedom of speech, $600,000. nasa's cassini spacecraft making its descent into saturn later this hour. we are following the end this mission. forget the pig, angry birds lining investors, details on the gamemaker's ipo plan. history continues in cleveland. >> rip to right, down the line, fair ball around third. the walkoff for number 22. >> the cleveland indians push their winning streak to 22 games, big stuff. joining me to talk about it, dagan mcdowell, utah congressman jason j fitz and 32 advisers hundred economic advisor to president obama robert wolf with us this morning. thank you for being h

the nikkei average higher. other majors nicely lower. former trump campaign manager paul manafort wiretapped. federal authority secured a warrant post during and after the election they were wiretapping him. another man on a scandal for equifax was hit by a separate hack in march and only disclosing. the fallout coming out. the font of the stock has been severe. the battle for business, sprint launching its own campaign ahead of the iphone launch. how you score a deal for the iphone eight coming out. all the stories this morning. here to talk about it, fox news dagen mcdowell. global economics editor jon hilsenrath and former presidential candidate governor mike huckabee is here. good to see you. >> good morning maria. dagen: about the special guest you have coming up, i cannot wait to hear from ken burns. instead of watching the documentary last night. i saw the first installment of it as an incredible story told by an incredible storyteller. maria: at strudel come up later in the program. republican national committee chairwoman ron am

well must nikkei is doing -- japan's nikkei is doing well. trading above 13 hundred dollars and closed above $1300 every session in september. the heating133391 oil market is impacted. no doubt by hurricane irma. and before that, harvey. total damage, at least insured damage could reach $49 billion with $19 billion of that picked up by private insurers. the latest according to an key research. harshest wins began to slow. --ning us in san francisco some of them are rebounding handsomely. i guess investors are relieved it could have been worse for their companies. >> over the weekend estimates were as high as 200 billion for total economic losses. 50 billion -- $49 billion is total economic losses projected. of that, about 19 billion will be intensely insured losses. as low asme estimates $10 billion in insured losses and some as high as $40 billion. this definitely is one of the most expensive storms in history. by comparison, katrina was $118 billion with about 15 billion of that insured. enter at $47 billion with about about 2 24h -- billio

nikkei 225 deepening declines as the dollar yen trade set a new intraday high at 109.22 or dollar.closer to 2.13%, while gold is trading $1336.130 a pickup when it comes to the risk momentum. one analyst saying that while jitters will likely , geopolitics has not determine the markets when it comes to korea's performance. is under pressure despite a stronger pboc fix this morning. financials and china leading the advanced there. aussie shares extending the drop on monday, but the aussie dollar is knocking on $.80 a dollar there. not jawbone the aussie lower this afternoon in the session. angie: thanks. china's central bank says initial coin offerings are illegal, asking for all related fundraising activity to halt. bitcoin tumbled on the news come although now it has leveled off. we have also got to guess with us now. cover and why ban is it happening now? all ico's callista so now you can no longer raise ico's or continue trading them. banks have been prohibited from offering services. if you have already phrase money through an ico, you will be asked to refund it, so you have to

five hundred ended in record territory in japan the nikkei also ended tuesday on a record two year high a week again under strong american markets are considered positive signs for japanese exporters. lots of positive for europe's largest airline but passenger numbers has issued a full list of cancellations thousands of flights are affected between now and the end of october the airline c.e.o. says they messed up the pilot's vacation itineraries but not everyone is buying that around forty to fifty flights are said to be canceled daily that's a total of around two thousand flights by the end of october ryanair canceled the flights to cope with pilot shortages and to improve its punctuality record we can either run the operation with a fifty five sixty percent punctuality we far more flight through options inevitably cancellations and huge pastor dissatisfaction close to thirty five or forty percent of our customer base or we do what i thought last friday was the sensible thing we need to take out about fifty flights a day for the next six weeks while we have the screwy issue two thousan

cheryl: japan's nikkei up on .2%. in south korea, the kospi edging upward 72%.id intensity that is out. amazon slashing the price. what happened to "what happened." "fbn:am" starts right now. cheryl: 5:32 a.m. in new york. good morning. cheryl casone. lauren: good morning. i'm lauren simonetti. i have to say it's a good book. cheryl: all the breaking news we've missed overnight. millions of residents in florida started to begin cleanup after irma appeared 60% say it has no power. they cost about $30 billion in damage to us than the estimated $200 billion forecast over the weekend in the storm wasn't as strong as feared although it was still deadly. six people did die in florida alone. it shows the distraction in the florida keys. both in houses damaged in florida had the area and the cat four storm. this may be dispatched the aircraft carrier abraham lincoln to help with relief efforts. lauren: urbanist storm surge and heavy rain hit jacksonville in the northeast part of the state. the streets of the city turned into rivers. the theme parks in our land of sustai

nikkei 225 futures up 100 points.some weakness when it comes to the yen, the worst performer against the greenback. looking at loans we have not seen since the start of september. this is "daybreak asia." i am haidi lun, coming to you from sydney. betty: i am betty liu here in new york. let's take a closer look at what happened with this risk on for a second straight session. a lot of focus on apple and its shares. su keenan has more on the continuing rise in the market. su: a lot of the riskier assets were in demand. it was a strong close, off the low of the day. we go into the big movers. they were up by a significant amount. let's look at gap, big move, big story. 30%old navy unit is about of the company value. some were saying, you should call it old navy. investors rushed in. resources, an independent gas and oil company, doubled. bank of america, one of many casting declines. goldman sees a challenging environment, but they were up, riding with the tag. let's go to g #btv 7482. apple is heavily weighted on all t

we are seeing japan's nikkei getting something of a lift from the slightly weaker yen.onth lows just on wednesday. it is coming back somewhat as investors look for a bargain on the market. also seeing a lift to a lot of the energy shares, taking cues from wall street where we saw gains from us markets. a lot of worry still lingering over the korean peninsula. but hurricane irma did lift oil prices. and that is it for this edition of asia business report. thank you for watching. the top stories this hour. hurricane irma kills at least two people on its path through the caribbean. there has been widespread damage. it is now threatening the us territory of puerto rico. bangladesh has accused myanmar of planting landmines along the border, as thousands of rohingya muslims flee across it. myanmar denies the accusation. over the past 10 years, scientists in the uk have received eight billion pounds in funding for research projects from the european union. but since the brexit vote last year, there've been concerns that the money will be lost. pallab ghosh reports. british sci

the nikkei is up, the all wards down. thank you for investing your time with us. —— the all ords.e sour. north korea has fired a ballistic missile overjapan from the vicinity of its capital, pyongyang. it flew over the island of hokkaido and fell into the sea. interest rates may rise in the coming months for the first time in more than a decade — that's the warning from the bank of england. it voted to keep rates on hold at 0.25%. but the suggestion that interest rates may go up sooner than expected has led to a sharp rise in the pound. our economics correspondent andy verity reports. a new banknote with a famous writer on it. the hands of time are frozen as big ben gets a wash. not this year, but 2007, the last time interest rates rose. today, exactly ten years after worried northern rock savers queued to take their money out of the failing bank, we heard hints that interest rates may at last be about to rise. in order to keep inflation, or return inflation to that 2% target, in a sustainabable manner, there may need to be some adjustment of interest rates in the coming months. n

not a lot of liquidity in the asian markets, the nikkei and the all 0rdinaries index are flat. hour: the us has accused north korea of begging for war, after its latest nuclear test, urging the world to respond with the strongest possible measures. myanmar is under pressure to end its military crackdown against rohingya muslims. 90,000 have fled the country in the last ten days. britain's tallest bridge, the queensferry crossing, which traverses the firth of forth, has been formally opened by he queen, accompanied by the duke of edinburgh. the bridge took six years to build, and her majesty paid tribute to those who designed and built it, calling it a breathtaking sight. it is a little over half a century since the queen opened the neighbouring forth road bridge, as our correspondent lorna gordon reports. this newest of bridges across the forth has had plenty of attention since it was completed. today, it was the turn of the queen to meet some of the workers who built it, and see for herself the finished crossing. cheering. there to greet her and the duke of edinburgh, hundreds

that is according to the nikkei news. contingency planning.ate yesterday out from seoul intelligence showing north korea may be planning another icbm test, so we are waiting for more details on that. take a look at how we are setting up in the asian session. new zealand opening lower and continuing to build on those losses. we are up .1% at the moment. the kiwi dollar at 7162. we do see your classic asian players. the yen jumping the most in three weeks. futures in australia ahead of the rj decision. we are not expecting a move from the central bank, but certainly parsing that language. any commentariat -- commentary. sydney futures looking to open up by 11 points, and that is how the aussie kiwi hurray is sitting at the moment. a bit more broadly, strengthening in the yen. we have been around that high 109 handle all morning. the u.s. 10 year yield unchanged . we had that labor day holiday, but as an have been showing declines. let us get more on what we should be watching up a start of trading asia. we have bloomberg's james thornhill with u

cheryl: nikkei ending with biggest monthly gain in a year. up nearly 4%.py friday, this is really good one, also national coffee day and we are going to tell you where you can get a pretty cup of coffee. fbn:am starts right now. cheryl: 5:31 a.m. here in new york. good morning, i'm cheryl casone. lauren: good morning, i'm lauren simonetti. it was national drink beer day yesterday, how coincidental that national coffee day is morning after. cheryl: i don't think that's a coincidence. lauren: it's smart. cheryl: busy friday. you have president trump and vice president pence selling the administration's tax plan, trump will say how the plan affects the manufacturing industry when he speaks before the national association of manufacturers today in washington. fox business will have live coverage of that event shortly before 11:30 a.m. eastern time during varney & company and vice president mike pence was in sa burr dean detroit telling workers health is on the way. >> we will put more money in american people's pockets. [cheers and applause] lauren: more on th

train to the nikkei rose for .5% and the cost be so .2%. lauren: t-mobile offering netflix. at&t wants free access to hbo and "game of thrones." starts right now. train 25:01 a.m. in new york could win a come september 13th. good morning and cheryl casone. lauren: good morning. i'm lauren simonetti. i was excited. ? cheryl: yeah, the $1000 question part of your interview coming up. lauren: i think we will. resonant trumpet generous extenders including three democrats to discuss tax reform. democratic senator joe manchin said in the statement i was joined to god how we can work together in a bipartisan manner and tax reform. a productive conversation about areas of agreement as well as areas where to find compromise. cheryl: blake burman at the white house with more of the president's strategy. reporter: president trump tax reform roadshow has accelerated. the president will hit the road at least once a week going forward, likely with weekly dc-based events. after failing going at it alone on health care, the white house tuesday white house tuesday talk to the possibility fro