the nikkei is up1%. have opened here in asia. the nikkei is up 1%. they are taking their cues from wall street. china and the us may patch update differences in trade. —— patch up there. —— their. we bring you up—to—date with our latest headlines. theresa may has described a russian television interview given by two men suspected of poisoning of a former russian spy in britain as "lies" and "blatant fabrications". the two claimed they were in salisbury as tourists. tens of thousands of people have begun evacuating from coastal areas of luzon island, in the philippines, as super typhoon mangkhut heads towards the country. there's more extreme weather, this time on the east coast of the united states, as hurricane florence looms. forecasters expect life threatening flooding as a result of a storm surge. a tourist has described how he almost jumped into the river thames after the westminster terror attack last year to try to find his girlfriend, who'd been hit by the attacker‘s car. the couple from romania had been taking photos on the bridge when khali

that's according to the nikkei.to our asia business hub where shara njit leyl is following the story. lots of ripoll lots of ri poll effects lots of ripoll effects of this trade warand lots of ripoll effects of this trade war and this is one of them?m lots of ripoll effects of this trade war and this is one of them? it is, indeed. the japanese and us are hoping to get a head start when the japanese economy minister meets its us trade representative and counterpart. they are holding talks later today to lay the groundwork for a meeting between the us president and the prime minister shinzo abe. the president trump has made it clear he is unhappy with the two thirds of auto ex—boss and he wa nts to two thirds of auto ex—boss and he wants to have an agreement that addresses it. last year's us deficit with japan trade was third behind china. and mexico at $71 billion. according to the nikkei newspaper, japan could potentially lower ta riffs japan could potentially lower tariffs on us agricultural imports by lowering tho

we have the nikkei 245 interest rate call. down but australia was up due to higher commodity prices. thank you for investing your time with us. i am rico hizon. sport todayis with us. i am rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: bill cosby has been sentenced to between three and ten years in prison following the us comedian‘s conviction for drugging and molesting a woman. president trump addresses the un on everything from iran to north korea. he also says he rejects globalism in favour of the doctrine of patriotism. one of the victims of the contaminated blood scandal that's affected tens of thousands of people in the uk since the 1970s has called for those responsible to be prosecuted. as victims, families and lawyers made their opening statements at the inquiry, the scottish government was heavily criticised for not being a key participant at the hearings. our health editor hugh pym reports. thejudge heading the inquiry has clearly struck the right note with those present. goo

nikkei 225 up 1%. we are seeing these rush to safety buys fading a little bit. here is what we are seeing when it comes to china. up about 4/10 of 1%. eight shares pretty much flat. the hang seng continues to be on the downtrend. let's take a look at the currencies and what we are seeing so far. the offshore is what we have been focusing on. 6.9 -- we are getting closer to that. also continuing, although we are off the lows of the session. the rush to safety actually fading a bit when it comes to the dollar-yen. gold futures falling back after the overnight session. the u.s. 10 year yield at 2.99, unchanged at the moment. rishaad: thank you for that. getting back to the top story, donald trump as usual. the administration saying it will have a tariff on chinese goods, set to get into gear next week. david: the 24th. china is preparing its response, meeting in beijing to discuss what and how the chinese will respond to the latest development. let's bring in stephen engle. he is with us from the world economic forum. steve, what can we expect from here on? stephen

we are seeing the nikkei up about 0.1% right now. if we look at the rest of the market, we're seeing it mostly lower today. we talk about this mini revival in the dollar. take a look at how the china setup is going to be. china returning from holiday and if you see, we saw the hang seng yesterday, that drop of 1.6%, perhaps that could follow through in the china market. that white paper we got yesterday perhaps shows strategic ways china is fighting this trade war. is that going to help the sentiment in shanghai today? atsee the onshore renminbi 685 right now. we have erased most of the gains we saw last week. if you take a look at the offshore renminbi. new york crude, we are holding around $72 right now. we did have that opec meeting. they seemed less inclined to give into president trump's demand when it comes to higher oil prices. u.s. futures heading slightly lower today. we continue to watch the trade front as well. be due to what we've seen in the bond market as well. this really was led by the weakness we saw in german bones

nikkei 225 last i checked was up more than 1.5%.d be the third day in , at of one plus percent gains for the nikkei 225, 23,800. rishaad: you have to look at what is going on in the yen. fresh yen weakness in generating positivity for exporters which are quite heavily laden on the topix ints -- particular and we are seeing a broad moved to the upside. david: 21 straight month of japanese export growth. 1130ar-yen has averaged 1 and change. this is bloomberg. ♪ >> i'm paul allen with the "first word headlines." north and south korea have started the second day of talks in pyongyang. kim jong-un and moon jae-in made no comments as they entered the media room, and they are talking away from the cameras, alone with no aides. the two sides could be signing a military agreement. there are no details yet. china has confirmed it will retaliate against president trump's latest tariffs, targeting $60 billion worth of u.s. imports inner spark to washing -- in response to washington's measures. the measures take effect on monday. beijing is sti

the nikkei up by 1.2%. a solid showing from chinese shares listed in hong kong with the hse i erasing its quarterly loss. chinese stocks rising ahead of that weeklong holiday. hong kong will be out of action on monday. south korean stocks underperforming. had a good session yesterday. a little bit of selling. let's have a quick look at stocks watching, surging the most in six months on its new fuel surcharge. that could add 1.4 billion hong kong dollars to its bottom line. we are seeing the tesla suppliers under pressure in asia. sued by the sec. there was a big deal with boeing beating lockheed martin for $19.2 billion in a deal with 29%. aerospace down by one of the underperformers in the region. nejra: thank you so much. just a note for you out there watching japanese markets. the nikkei is set for a 27 year high as japanese stocks have been gaining this month. let's get back to our top story. the italian government has set next year's deficit target at 2.4% of output. let's turn to our guest, chief econ

you're in asia, the nikkei 225 up by just about 1% there.ns across australia as well as south korea. hong kong market opens our next. -- are next. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. rishaad: 9:00 a.m. in hong kong and singapore. z . am rishaad salamat david: this is "bloomberg markets: china open." ♪ rishaad: asia pacific stocks rally anda u.s. tech new optimism about trade talks. david: emerging markets and

dollar pretty strong and that's actually driving japan's nikkei stock market to 27-year high.pporting the greenback, we will go to london when we return. lauren: strong u.s. dollar triggering rally in japanese stocks overnight. james foley, senior currency analyst, jane, happy friday, good morning. assuming the strong dollar has to do with the federal reserve and that today is affecting the overseas markets big time if you're looking at the nikkei. >> well, exactly right. you consider the u.s. economy going really strongly, the federal reserve putting up interest rates and that's contrast to the bank of japan's position, still running negative interest rates and the yen has gone down as the dollar has gone up. big japanese exporters, when the yen goes down all the stocks go up. 27-year high today. lauren: a tale of two different central banks. tracee: jane, how investors are reacting to trade talks between u.s. and japan? >> well, again is another reason why nikkei is going higher, people in japan and japanese investors have taken comfort in this. prime minister abe of japan i

ahead of this lineup, we have nikkei futures pointing lower, showing you what going on with nikkei futuresby .4%. the yen is set for a second day of gains on the back of that tariff announcement. also on the agenda, the lbp leadership and mentioned -- leadership election. he focus will not be on if should win, but by how much. >> sticking with politics, moon facing a key political event. he is departing for pyongyang today. this is a make or break summit in terms of getting things back on track between north korea, kim jong-un, and washington. markets feeling about all this? jessica: when it comes to whether -- sophie: when it comes to whether or not markets optimistic, pull up the terminal on the gtv library. it really depends on how you slice it. we have korean construction are rebuilding the rally that we saw that started at the beginning of the year, and that lost some steam after the initial moon-kim summit in april. of these construction stocks rallied 20% -- 28% this year. is down nearly 7% in light of domestic economic the emd theaters around space as well as that trade tension. th

the nikkei slightly higher by about .25%.t has been fluctuating and technicals are starting show that the nikkei could be overbought. those rallies we have been , but broadly it's a good session for asian stocks. certainly one of the front runners in the region. let's look at some of the stocks we been watching, an interesting ipo in hong kong, a hot market for companies to debut that it's been hit in miss so far this year. but the food delivery company is rising on its debut, it had a $69,ng price of hong kong up about 5% there. also watching the airlines in hong kong, after jeffrey said perhaps the worst is over for that sector new look at the headwinds from the oil crisis. and brick works coming a little bit under pressure, off by about 5%. market fundamentals remain supportive with new in-house construction in those key states. that could hit the property market in australia. is a much, juliette saly in singapore. this selloff in treasury has taken the 10 year yield above 3% for the highest closing for much yesterday. it

actually could go well with a millennial so well for the day there was this pain the stock of the nikkei lost a good three percent in value and was the biggest loser in the dow jones industrial average but as mentioned a lot of analysts believe it could lead to long term gain in the quarter reporting from the new york stock exchange yes thank you so much. germany is seeking to rein and us in a giants like google and facebook reforms to the country's competition law would strengthen the authority of his regulators to prevent u.s. internet platforms from becoming monopolies germany's economics minister paid altmire said the initiative will make competition law more effective and prevent the abuse of market power in future companies like google or facebook would no longer be allowed to prevent business partners from working with its competitors the proposed legislation is also designed to stop big players from buying smaller rivals just to shut them down. shortly executives in silicon valley will be watching this development closely especially if a company has risen to become such a market

nikkei futures pointing higher ahead of that. haidi: thank you so much, sophie kamaruddin taking a look at the set up in asia. let's get the first word news with jessica summers. jessica: washington is seeking fast-track congress approval for a trade deal with the european union. that falls under trade promotion authority, a legislative tool that allows the president to seek a yes or no vote. the move signals talks between the u.s. and eu are going well, less than two months after they were threatening tariffs in what would appear to be the prelude to a damaging trade war. japan and russia say they want to strengthen economic ties after talks between shinzo abe and president putin in vladivostok ahead of the economic forum, which will attract regional leaders. is a long-running dispute over four northern pacific islands called the northern territories in japan and another set in russia. the rupee sank to a new low after india's current account deficit widened to the most in five years amid the emerging-market selloff. it led loss

you have the nikkei rising. rising. the topics highstill remain at levels.his is the question a lot of people are saying. this is the coming -- maybe that is a gradual way to start paving the way towards this and pulling away from the extreme stimulus. determined seem very to gradually hike rates. the bond markets finally seem to be buying it. a very important a nomination.s she is at the brookings institution now but she was the head of the office of financial stability at the federal reserve board. he is picking someone who will be very focused on banks. she has not been tough on banks. she thinks the tighter standards are not preventing banks from lending. maybe the bond market agrees --ause they are looking at they think the fed will be .aising interest rates they are so high that we get that hike in september and december. you will see 99% for the september hike. is what happens after this? what is happening in the bond market are people are not waiting to find out. let's move to another chart. the yield continues to climb ahead of the september fed mee

nikkei futures up ahead 1.5%. we had tokyo inflation data in particular.trial numbers out in sometime. u.s. stocks giving asia a pretty big lead. this is "daybreak: asia." our next guest says the continuation in the commodity rally may play a key role in reinforcing the convergence theme, driving dollar weakness and further e.m. strength. we have seen the dollar jump to a two week high. joining us is a chief global strategist. great to have you with us. tell us -- first of all, steve expect the commodity rally to last? this. let me try to on oil were tog, if surge higher, wti to $90, copper to have a second move higher along with other base metals, that to me is an interesting factor that a lot of people would not have expected that could play an important across asset role. dollar start with the the dollar has been the story of 2018. what you have seen over the last you have seen this decoupling from the nominal rate differentials. that is sort of a regime shift possibly underway, where other factors are coming into play. commodities have rallied over the

the nikkei is higher but the topix is lower. halting its recent run. let's look at stocks we will be watching in the region. arise coming through from the oil majors in hong kong. petrochina jumping the most since may. more than triple the benchmark index. company saying oil producers are rising as the climate is improving. you are seeing nissan under pressure. it will update the media at 3:00 p.m. tokyo time on this emission test scandal. this is amid increased competition. credit suisse cutting its price on theand its rating stock, sending it down by 10%. manus. inus: juliette saly singapore. let's turn our attention to the fed policy meeting and the central bank is expected to raise rates. the third hike this year according to economists surveyed by bloomberg. the fed will continue its quarterly rate hikes through june 2019. it is a more aggressive pace than the fed anticipated back in june. welcome to the show. a very good morning to you. wakey-wakey. our survey says take a look at the board. we will hit it by next year. i would ask the, are we on

the nikkei gaining ground. china under a bit of pressure. let's look at what companies are doing on here. it is a situation where we have banks in the crosshairs as to what they do next with the base rate going up in line with the fed by the hong kong monetary authority, and do they move their primary? hsbc has a news conference coming up in an hour and they could be announcing a change. has certainly not gone out that well carried 15% down on the back of the retail side of this, which was under subscribed. that is on the way down. we are talking to the ceo in under half an hour. stephen engle's down at the exchange. it does put pressure on mortgage holders and so far, a little , butmmittal for shire moving in other directions seek assets and henderson lined. giving you a taste of what is going on in hong kong. >> lots to look ahead to. in the meantime, the first word news with paul allen joining us from sydney. china denies attempting to interfere in the midterm elections, dismissing claims as nonsense. president trump made the assertion at

before we go, we will have a quick look at the nikkei. lots more coming up in news briefing.eed on the principles of a deal that would end a dispute over scallop fishing in the english channel. there were confrontations between boats from both countries last week when french fishermen accused british boats of fishing unfairly. claire marshall reports. heading out from brixham, a very different boat from the huge dredgers that left from this same harbour last week and clashed with french fishermen. we were taken to a secret location with divers that gather scallops by hand. they showed us their technique. there's no large machinery involved. they select the right ones and leave the rest. there is another way to get scallops that leaves the sea bed intact, and the growing success of businesses like this shows that more and more people are caring about how their scallops are fished. if you don't leave enough breeding stock to breed, then you can't keep fishing. and this so—called scallop war is about dredging, industrial boats that catch huge amounts. the british were fishing le

a reminder that the nikkei is shut for a public holiday but those are fridays gains, a seven—month high china make it up their differences over trade. more worries now that president trump has said that he may slap an additional $200 billion worth of tariffs on chinese goods and that will make investors here very nervous. they did on wall street, it ended flat and the all 0rdinaries in australia is flat as well. that is it for this edition of asia business report. thank you for watching. this is bbc news. the top stories this hour: deadly typhoon mangkhut batters china's most populous province of guangdong, after wreaking havoc in the philippines and hong kong. from bitter enemies to political allies, malaysia's anwar ibrahim tells newsday he's building bridges with prime minister mahathir mohamad for the good of the country. the scottish tory leader ruth davidson has said she never wants to be prime minister because she values her "mental health too much". in an interview with the sunday times, she's revealed struggling with self—harm, suicidal thoughts and depression in the past. stev

the nikkei has opened higher. that's it for this edition of asia business report.u're watching bbc news. i'm rico hizon. the government has put forward its vision of how farming in england will work after brexit. a key part of it is how the current european subsidies to farmers will be replaced. at the moment, uk farmers receive £3.1 billion from brussels every year. in england, those payments make up 61% of farming income. the new system would see automatic payments phased out and farmers receiving cash for performing duties that benefit the environment. 0ur rural affairs correspondent claire marshall reports from dorset. welcome to a very modern farm, where glamping and animals exist in harmony. guests are happy to pay for this view over the cheddar gorge. but this is the core of james small‘s business. he farms livestock. currently, 40% of his income comes from eu subsidies. today's agriculture bill means this will go. for any business to start losing 40% of its income is a huge hit. we need to ensure that as individual businesses we are doing everything we can

the nikkei closed for trading monday.augh's nomination in danger? after an a accuser comes forward alleging sexual misconduct when he was a teenager. details coming up. and d is for disappearing. why sesame street characters are getting pulled from pampers diapers. you won't believe it. maybe you will. >>> now on to our top story this hour, florence's fury. the deadly storm now a tropical depression, still slamming slame south ian united states -- southeastern united states. griff jenkins is live on the ground in jacksonville, north carolina, with more. >> reporter: hey, dagen. it's stopped raining here for the time being, but florence is far from done wreaking havoc on the carolinas. here in jacksonville alone, 500 people in shelter, but overall 15,000 in shelters statewide, and that's why governor cooper says that the worst may be yet to come. take a listen. >> this storm has never been more dangerous than the it is right now -- than it is right now from areas from fayetteville and lumberton across the sand hills and so

the nikkei falling by 64 points in early tokyo trade and the all ordinaries index losing 16 points iney trading. a0 summit for investing your time with us, iam summit for investing your time with us, i am rico summit for investing your time with us, iam rico hizon, sport summit for investing your time with us, i am rico hizon, sport today is coming up next. —— thank you for investing your time with us. this is bbc news. the top stories this hour: japan is hit by the strongest typhoon in 25 years. more than a million people have been told to leave their homes. an explosive new book about life in this white house. thejournalist, bob woodward, who helped bring down president nixon, now turns his sights on donald trump. the metropolitan police commissioner, cressida dick, says social media companies should hand over vital evidence connected to criminal investigations within minutes of it being requested. it comes after hampshire police were unable to access the facebook account of the man suspected of murdering a 13 year old girl in southampton in july, because he wouldn't give them his p

dollar subsequently slipped against the yen and the nikkei touched a ten-day low early on this morning. the u.s. work force is expected to grow by 192,000 jobs in august that's according to dow jones forecasts. that is an accelerate compared to july and would push the jobless rate down to 3.8%. average hourly earnings growth is expected to grow a small bit. i want to ask about the u.s. economy. it seems from the jobless numbers later today that the economy is in good shape we're not seeing a huge amount of wage growth not as much as you might expect. why do you think that is why what do what does that mean for the u.s. economy and the fed >> the u.s. has been the place to be. middle america like what's going on they're hiring that number, we'll see what the number is at lunchtime, but the number is overstating the unemployment rate in that those that are employable, probably that number falls to less than 2% probably 1.5%. that makes it tight as a drum. that means you should expect to see wage growth for those who have skills and are employable coming through not necessarily a bad thin

this is the nikkei 225 off the highs of the day even though it is still early, just 0.1%. composite, we are seeing this -- the losses that we had were much deeper at the start of the session. it does seem to be recovering their. not moved at all since i last checked on it. what is moving on these markets in china? let's have a look at three companies. the biggest loser on the market at the moment is hna technology. this beleaguered group has had various companies it had listed put on the shelf. this is the latest one to come onto the market. there, down 10%. china grand automotive services up 10%. gainingey are very much investor attention. volumes are huge. this technology company is a small to mid cap. it is trading on something like a price-to-earnings ratio of 330 times. let's have a look at oil. the price of the black stuff continuing to rise. that makes most of these companies more profitable depending on whether you are upstream or downstream. china, offshore engineering companies gaining ground. sinopec is feeling it at the moment, 0.4% lower. we are down overall.

can make it and six six september and there a day are only here but in the lead them down to the nikkei asian nations and men mainland. solution to to bring projection. we hope that that and he is not on we go and look. he usually has a diss. round drums out with like white tablecloths at and still feels as if they wanted to to make. of downtown not only two targets russia checks also. she's on about off in inin n in the history. fundamentally click click isn't just an ordinarary knowing and chant chant asian. pop on them a little yield eighteen main restaurant we'll. by by client with the one the one he we have. we didn't have time to isis cyclical industries really. it's one where. you have [inaudible] kantana. on the on the nominees ratbat atlanta well. and i nineteen got on a successor. an attitude with us. in june presidential. the top. of the religion that that i decided to their arrest. wait wait take take looming makiking that you had to a clinical exchanging. living hotel can make make. rounding bus but when a thing called great great fresh local ingredients edition like maybe

the all 0rdinaries in australia higher and the nikkei extending on its gains on monday.eally taking their cues from wall street, we saw gains on wall street for the s&p 500 and nasdaq and that is on a little bit of optimism on potential more tax cuts from the trump administration and the dow ending flat. that is it for this edition of asia business report, thank you for watching. this is bbc news. the top stories this hour: the white house says the north korean leader, kimjong un, has requested a second meeting with president trump. warnings from the un that a forthcoming offensive on the syrian city of idlib could be the worst humanitarian catastrophe of the 21st century. you should have at least two days a week without drinking any alcohol, that's the latest recommendation from public health england for middle aged drinkers. people aged between 45 and 65 are likely to drink more units of alcohol than they should every week. our health correspondent dominic hughes reports. a cold beer or a glass of wine. it is the way many of us choose to unwind at the end of the day. b

the nikkei is up by 135, and the all ordinaries got 36, due to record highs for the dow and s&p 500 onth us. sport today is coming up next. —— all ordinaries. just before sport today, we bring you up—to—date with oui’ today, we bring you up—to—date with our top stories. south korea's president wraps up a landmark trip to the north. he says kimjong unis keen to de—nuclearise quickly, so he can concentrate on economic growth. there's been a furious reaction from whistle—blowers as the world anti—doping agency lifts russia's three year suspension. the mother of the westminster bridge attacker has told an inquest that she is "utterly ashamed" by what her son did. khalid masood killed four people when he drove a car at pedestrians on westminster bridge in march last year. he then stabbed a police officer to death outside parliament. our home affairs correspondent, daniel sandford reports. on the day before the westminster bridge attack, khalid masood was seen joking with a hotel receptionist. but today, his family described a more violent man. his mother worried he would kill someone in a d

the nikkei 225 down by 50 points and the all ordinaries lower by four points.his is after wall street shares fell overnight, as tariffs on an additional $200 billion of chinese imports kicked in. thank you for investing your time with us. i am rico hizon. goodbye for now. this is bbc news. the top stories this hour: donald trump's supreme court nominee, brett kavanaugh, says he won't step aside after another allegation of sexual misconduct. hopes inrease for a second summit between north korea's leader, kimjong—un, and the us. the white house says further details wil be announced pretty soon. an inquest has heard that a teenage girl died after eating a baguette sold at a branch of pret a manger with no allergy information on display. natasha ednan—laperouse, who was 15 and had numerous allergies, collapsed on a flight from london to nice injuly 2016. unknown to natasha, the baguette she had bought contained sesame seed, a detail not mentioned on the packaging. our correspondent dan johnson reports. for the ednan—laperouse family, this was always going to be a d

mixed right now, the nikkei down .4%.ooking similarly, but the asx six 200 is the low stand out in the green, up .2%. up next, hna is finally making headway with its massive debt b urden. we will be asking if that's enough to ease investor concerns or if they have to spin off even more. on that soon. this is bloomberg. ♪ yvonne: 8:30 in singapore. some dark clouds. premixed session in asia stocks, mostly lower with the exception of australia. i'm yvonne man in hong kong. ramy: i'm remy inocencio you are watching daybreak asia. let's get first word news with haslinda amin. good morning. haslinda: u.k. prime minister theresa may has seen her brexit strategy come under friendly fire from a conservative lawmaker who criticized the plan from a hot slip from the eu. most of the criticism has come from those who want to distance them from the single market. the foreign minister says he can't support the plan because it will humiliate britain and it will hasten the path of departure. iranian exports are tumbling as key buyers ord

the nikkei down by 112, but the all ordinaries up by ten.i‘m rico hizon. goodbye for now. this is bbc news. the top stories this hour: two journalists investigating reports of atrocities in myanmar are to find out in the next few hours whether they‘ve been convicted of breaching the country‘s official secrets law. the un refugee agency has said that migrants trying to cross the mediterranean sea to reach europe are facing ever more deadlyjourneys. hundreds of prison staff have been caught smuggling drugs, weapons and other banned items into jails in england and wales over the last six years. the new figures, obtained through a freedom of information request by the observer newspaper, show an 50% increase since 2012. ben ando reports. drugs, mobile phones, weapons, tobacco — all considered contraband in prison. friends, relatives, even drones used to be to blame, but increasingly the smuggling is by prison staff. figures from the ministry ofjustice show that, over the last six years, the number of prison officers found taking contraband into

the nikkei 225 opening 80 points down and the or 0rdinaries losing 12 points at the open.nks so much forjoining us. i'm rico hizon. sport today is up next. —— albury is. —— all 0rdinaries. this is bbc news. the top stories this hour: there's been condemnation from the un and western countries after two myanmar journalists were jailed for violating a state secrecy law. two women convicted of attempting to have sex, have been caned in an islamic court in northern malaysia. chris evans, one of the bbc‘s highest—paid presenters, has announced he's leaving bbc radio 2 at the end of the year. he's returning to virgin radio's breakfast show, which he first presented in 1997. 0ur entertainment correspondent lizo mzimba has this report. britain's biggest radio personality, minutes after telling fans he was quitting the breakfast show, swamped by media outside his studio. why is the show so special, the radio 2 breakfast show? well, because it was sir terry's show. it was very important. it's an important show. it's a useful show. it can do many great things and i'm sure it will con

the nikkei gaining. the best five-day rally in almost two years.ng for a second session. this riskare seeing and rally when it comes to asian equities. holding steady at 112 there. since 2017. the risk aversion on the back of this trade war beginning to wane. this is bloomberg. ♪ i'm all about my bed. this mattress is dangerously comfortable. when i get in i literally say, ahh. meet the leesa mattress. a better place to sleep. this bed hugs my body. i'm now a morning person. the leesa mattress is designed to provide strong support, relieve pressure and optimize airflow to keep you cool. hello bed of my dreams. order online. we'll build it, box it and ship it to your door for you to enjoy. sleep on it to up to 100 nights and love it or you get a full refund. returns are free and easy. i love my leesa. today is gonna be great. read our reviews, then try the leesa mattress in your own home. order during our fall mattress sale and save. for a limited time get 150 dollars off and free shipping too. sale prices are available right now. go to buyleesa.com

you can see that is good news across the board you are seeing the nikkei 225 up almost 1%. it's already had a strong week, up % week to date so far the big story is around the greater china markets. the hang seng is the big comeback story of the day. it's higher by 2.5% at the close. that is significant. now the hang seng is back out of bear market territory. it hit the milestone earlier this week. many wondering, yes, there's trade optimism but a few investors said things got too sold off here and they wanted to go in and do bargain hunting the shanghai closing firmly higher by more than 1%. i want to check the forex markets. 6.8492 when it comes to the offshore trade, it was higher earlier in the session. the central bank did set the yuan a bit higher on the session, too that could be perceived by the white house as well. we know they don't want china to use the currency in a trade war or trade fight coming up you have to wonder if the white house was looking at the strong dollar and thinking this doesn't bode well if we do want to boost exports. so now the two sides are

china ceases to abate the shanghai composite index closed down about half a percent and the japanese nikkei closed down a little as did the hong kong hang seng index which closed almost a point down and in european stocks the german dax and london's footsie one hundred closed down also by roughly a point for a look at market health and more we are pleased to be joined by john gray's the founder and president of investors financial corp hey john welcome thank you so much for being here they're going to be fun what's driving these global markets do you think. hey john can you hear me what's driving these global markets well interest rates for sure cheap credit for sure the quantitative easing is put.

and on the markets: the nikkei injapan hits a 27 year high on friday after strong gains on wall streetanks to the federal reserve‘s up beat assessment of the us economy. we start in the us, where billionaire tech entrepreneur elon musk has been charged with fraud by financial regulators. they allege the boss of tesla deliberately misled investors earlier this year, when he tweeted that he planned to take the electric car company private by buying back its shares. mr musk has called the action "unjustified," saying he has always acted in "the best interests of truth, transparency and investors." the charges, that could see him barred from running a public company in future, sent tesla's shares slumping in after hours trade, wiping billions of dollars off its value. it all began as it so often does these days, with a tweet. this one had to make problematic words. the problem? according to us regulators, elon musk didn't actually have the money. in fact, elon musk didn't actually have the money. infact, he elon musk didn't actually have the money. in fact, he hadn't even got around to ask

the nikkei, the all 0rdinaries both flat to lower, reflecting what happened on wall street overnightthe trade war between the us and china. that is it for the programme. thanks for watching. this is bbc news. the top stories this hour: russia stages what it claims is the biggest military exercises since the soviet era, and for the first time, chinese troops are joining in. america's east coast prepares for hurricane florence. the category four storm heads towards the carolina's, with winds of 225 kilometres an hour. wages grew faster than expected in the 3 months tojuly, as they continue to outstrip the cost of living for the fourth month in succession. official statistics show that pay, excluding bonuses, rose by 2.9% during the period while unemployment has continued to fall remaining at its lowest level for over 40 years, as our economics correspondent andy verity reports. the firm that runs this construction site in salford has no shortage of work. but a shortage of skilled workers is a growing problem. until this year, its subcontractors could find the staff they needed easily,

there is bloomberg. ♪ rishaad: three minutes until the anding of the nikkei sydney.nto tech stocks in particular. looking as if we could see regulation in the future for u.s. technology companies. that is the fear that sent some of these investors in tech issues. watch out for those. 6/10, youures up by can see essentially we are looking negative. if we got more negativity, it could be the seventh straight day of declines. discussing the impact of these potential new u.s. tariffs which could get instituted in about three hours. we talk about that with the ceo of export now, frank. joining us later, luca chesky on avoid risk in emerging markets. this is bloomberg.. open is next. ♪ ♪ kongad: 8:00 a.m. in hong and singapore, 9:00 a.m. in turkey. welcome to "daybreak asia." it was tech dragging all three down. dropping off. emerging stocks slumping to the edge of fair territory as we appears of contagion spreading throughout the developing world. kathleen: and from global headquarters, i am kathleen hays. next act init the the trade drama. president trump is expected to

nikkei, down about 1/10 of 1%.ment from the levels they had not seen in eight months. we have the rally. we have a lot of stocks trading ex-dividends. some of the weakness we do see for the topix. and that is the imperial palace. yvonne: dollar-yen, not a lot right now. a little bit of strength in the asian session. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. paul: it is 10:29 a.m. in hong kong. i'm paul allen. iran has announced u.s. sanctions as unlawful and amounting to economic terrorism. speaking at the u.n., president rouhani said the trump a

the nikkei up a half percent the hang seng up a half percent.n european trading, we're seeing the same theme develop here, fractionally higher. the dax up by 0.2% the cac in france up 0.3%. the ftse 100 down by a quarter of a percent as for the broader markets, currencies on that side of things, the euro/dollar, 1.1701. on the energy side of things, crude oil prices, west texas intermediate below that $70 a barrel mark, though getting closer 69.89 the trade there. brent at $78.97. china firing back at the u.s. this morning saying they will outlast america in a trade war and emerge stronger. eunice yoon is live in beijing with more on that story. >> thank you very much china's premiere, li keqiang was speaking today and he didn't outright address the trade war with the united states or mention president trump name, instead he was referencing concerns of protectionism and repeated some promises to open up the economy and give foreign investors fair treatment li said that china would not actively weaken the yuan to help exporters or engage, he said

the nikkei 225 having a nice run.powering higher let's stay right now with all things asia. some of the biggest names in business taking stage at the annual singapore summit. amanda drury is there and joins us now with more fantastic to see you hope you are well across the world. number two, i have to imagine the three ts are all the rage, trump, tariffs and trade >> you're right. and trump turning away from asia how that's a gift to president xi of china. that's a huge topic of discussion here at singapore summit it's really interesting. we've been talking with our guests about the ongoing china trade spat and what it means for everybody's companies. we were speaking with one really interesting guest earlier on, robert kaplan, i saw him walk past a minute ago if he's listening, he was famously the one who wrote the cover story in 1997 "is democracy just a moment?" he was saying with president trump pivoting away from asia, it's basically providing an opening for president xi of china. think about it here. you have go

the nikkei average was up a quarter of a percent.rett kavanaugh breaking his silence last night, sending a strong message about the future of his nomination. >> i'm not going to let false accusations drive us out of this process. i'm not going anywhere. maria: we're looking at next steps coming up this morning for brett kavanaugh. and a warning about your paycheck, get this, the fbi says there's a new phishing scam targeting direct deposits. what you need to know to keep r hard-earned money staff. fortune out with the most powerful women in business list. find out who tops the list this year of the number one woman in business from fortune magazine. our top story this hour, president trump addressing the u.n. general assembly later this hour amid escalating trade tensions with china. a chinese trade negotiator saying that america has a knife to china's neck, making it difficult to proceed. i sat down exclusively with former treasury secretary hank paulson and got his take on current trade relations between the two countries. this hap

this is the nikkei manufacturing for india. it's let's 51.7. 51.7%.lipped to you can see we have been cascading lower. the angst is this. the likes of indonesia, the likes of thailand under additional pressure in this p.m. route -- emerging market rout. this is a six-month trajectory on the indian rupee. was 52.3. previously that is the issue there in terms of the data coming from china. , a little bit later than the market expected. the market -- the export numbers from the cai asian data. rupee.ave a look at that oil is little bit lighter. there is a weakening of the turkish lira. this is a reality check for the central bank. that is what our emerging-market editor would say. emerging-market currencies are down for the fifth month in a row. the longest losing streak since 2013. cable is lighter. theresa may decrying she will go for a second referendum. davis, there is a whole host of voices on dissent about the template theresa may has laid out. of are seeing a couple analysts come out with their calls. desire markets. -- tho

nikkei up about 1%. let's check out what is driving gains.ook by using the function on the terminal. i want to show you what is going on when it comes to sex gains because we are seeing utilities inground today. electric leading the charge. softbank is rising for a third day. the pictures are looking a little bit mixed. you have the sector off by a third of a percent as you have software and hardware players mostly rising. apple suppliers are under pressure. when you take a look at some movers want to highlight advances is among them. we have the semiconductor space under pressure and goldman warned of more headwinds for companies and pricing issues. spectrum, they are gaining ground. it is ready to share hybrid car secrets of china and gaining about 1.2%. they're reporting that the factory automation player plans to start operations at its robot system plant in michigan in the fall of next year. shery: think you so much. sophie kamaruddin checking the market. let's not get the u.s. talk about trade because the was government proposing a new

comes to the session in akyo, we could be headed for muted start after an eight day gain for the nikkeibut the rally stalled on wednesday. we are also keeping an eye on auto companies in tokyo. this after shinzo abe says tariffs will not be applied to japan why bilateral -- while bilateral talks are underway with the united states. also on the radar today, we have chinese a shery inclusions at 7:30 a.m. hong kong time. china tos morning, report industrial profits for august at 9:30 a.m. we are on central bank this thursday after the fed's decision. its morning, holding on rate at a record low 1.75%. kiwi stocks under pressure by 2/10 of a percent. we also have the philippines and indonesia on the radar. both central banks expected to hike rates giving -- given their ailing currencies. we are expecting a hold from taiwan today. haidi: a busy day ahead, indeed. sophie kamaruddin on the markets in hong kong. let's get to the first word news with jenna dagenhart. reporter: president trump has greeted the fed's anticipated rate rise by saying he's not happy. policymakers cemented expectation

it helped the nikkei trade a bit firmer overnight yen weakness is helping there.s on the back of anticipated hedging activity that could be coming out of yen on the back of the news that one of the japanese chipmakers there is buying a u.s. integrated device company that is the picture for foreign exchange i talked about the nikkei having a firmer session overnight chinese equities weaker. most of the majors in europe are trading on the back foot ftse mib down a quarter of a percentage point ftse00 doftse 100 also down knee say did have a strong session, up almost 300 points overnight. 1.3% overnight we had a weaker yen. shanghai composite trading below 2700 as concerns about the tit-for-tat in the tariff war continue to bite there hang seng also trading weaker, 0.7% lower on the day. finally let's check in on u.s. futures. nasdaq eked out a gain yesterday after suffering for all of last week with the tech sector coming under the worst week since march. the picture today looks like it will be slightly more positive dow opening up 6 points hi16 por most of the data

china weak overnight the nikkei had a good run, and a mixed trade in europe. in some markets, mildly lower in other markets. outside of stocks, let's get more on your markets with a global look at commodities and currencies oil market is something to watch. a lot of fighting in iraq. keep an eye on that. so far no disruption to output but that could come. euro/dollar at 1.16. comex little changed >>> let's give a warm "wex" welcome to a man who has never been on cnbc, his name is mark giambroni. he's based in dallas, we appreciate you getting up so early. good to see you. >> good morning. thanks for having me >> thanks for coming on cnbc now let's get down to brass tacks. no let's talk about market risk we've been talking about trump, trade, and tariffs, the fed, china and interest rates your job is to protect and grow your client's assets when you sit down with them and they ask you the same question, what do you tell them is the biggest risk to their money? >> sure. keep in mind that we're a bottoms-up shop so we think about these global macro issues. intere

the nikkei up by 1.2% with a half hour of trade left to go.pics is on course for its best we can two years. i want to show you what it means in terms of the bond market. we had the story about the bank of japan cutting superlong purchases. you have seen yields rise. no escaping this selloff. climbing from their extremely low levels to multi-month highs. if we have a look at what that means for the overall rate environment, you have seen catch up coming through in libor, coinciding with the flood of bets for two more hikes by year-end from the fed. you have seen quite a bit of a jump coming through in that libor market, suggesting we will continue to see that rate move fourr as we see possibly fed hikes over the course of 2018. nejra: thank you so much. oil is headed for its second week of gains as investors seek clues on whether opec will replace the iranian output well the u.s. has pressure the group to lower prices. donald trump tweeted opec must get prices down as the group heads to algeria for a meeting this weekend. jeremy thompson cook a