paul: how's nokia positioned in the market now?ing the same slice of the 5g market by the end of the year that was forecasted to start the year? jae: absolutely. we are doing very well so far. haveready mentioned, we three operators that have launched the commercial networks for 5g in korea. we have commercial deals with all three japanese operators that are operating in the market as well. we have very great markets shares, which is increasing in the case of japan market. we have presence in australia, new zealand. we are doing very well so far. we expect that the trend will continue throughout the year and towards the end of the year. shery: in doing business and asia, has nokia seen any impact or benefits from huawei's recent challenges? i guess the challenges ventures are half it -- are having is unique. as far as nokia is concerned, we have been focused on our own technology development. 5g technology is extremely technology -- extremely challenging technology to develop. we are in the most advanced markets in the world. we ar

new nokia elevating every spirit. that's just one of the many highlights. the world's biggest smartphone maker samsung has unveiled its highly anticipated galaxy fold after months of delay and while the device may be sleek and shiny there are still some questions. i think the big screen is an exciting development and what it offers is a whole new device diversity in design i'm not something that we really need in the smartphone space but at a $2000.00 premium price point how many people are really prepared to go out and buy one particularly with the quality problems we see is going to be a big question and the competition is huge sony just launched the experience 5. meanwhile nokia is hoping for a comeback with this flip phone made for those who like tech with a retro feel. so whether it's something old only new or a blend of the 2 it appears that tech consumers will be spoiled for choice. stocks worldwide hit one month highs and u.s. equities jumped on hopes of the escalation and the u.s. china trade war and on strong economic data $195000.00 private secto

global unveiled the nokia 2720 in berlin.lars.less than 100 weapon iscret apparently still the videogame snake. apple is developing in-screen fingerprint technology for its iphone. bloomberg has learned it could be available in next year's phone. apple has had fingerprints cranny -- scanning since 2013 but the new one would be behind the screen. it would also allow a larger display. anothert good to have screen? >> it is good to have both types of biometric technologies. there are lots of pros to face id but also cons. there are pros to touch id and also cons. some of the features are better at different times of day. if you just wake up and get out of bed it is hard to use face id. with touch id it is easier. if you have the best of both worlds you will have a better chance of getting the phone unlocked securely. caroline: are you trying to insinuate we are unrecognizable first thing in the morning? i can't believe you. >> i think that is what i'm trying to say. [laughter] caroline: they are behind the curve on this one? >>

because the people thought i was a somalian who was just selling drugs and i tell you to work for nokia the police that came in 1st had a racial understanding that oh yes is this useless african who has triggered this whole conflict so the report was different he reported it and said it is a gang fight until nokia has responded and said this is our stuff he was actually on the work machine then the story changed because of course all this comes from one year and it also comes of ignorance ok so this conversation is not about racism so i just want to put a cap on that what happens when you have to prove yourself professionally when you decided that you wanted to become a politician that people take you seriously. i have to say. at the beginning it was difficult you have to prove yourself with a time and let people know that you are not just here as if you go bad you have something to offer to the society when we came here in this country myself included at the beginning we were thinking ok i'm going to spend 5 years 10 years almost make money go back to africa and duties and that we are

and writing this raising the stakes in the nokia game despite sanctions iran is hell bent on starting to enrich uranium again on friday as pressure on the country's economy amounts. this is this is asia and the w. has come to russia natural gas producer nova tech has announced a $21000000000.00 liquefied natural gas project in the arctic the pipelines are expected to be completed by 2025 and is seen as an important part of russia's plans for energy market expansion into asia the privately run no but tech will run. majority with france's total 2 chinese companies and one japanese from owning and remained. that bring in financial correspondent at the frankfurt stock exchange what else do we know so far about this project while the exports are supposed to start by 2023 the project entails among others developing the gas field of course or.

package will come at a premium and will it be providing updates there or not it's just one of where the nokia x. in would be interested in buying this they have been priced out by who was in many occasions so we'll look at cheap alternatives being served by who are there so there sit clearly many questions remaining. respond i think you are. now to some of the other global business stories making headlines today apple has begun a legal challenge against an order to pay 13000000000 euros in irish back taxes in 26 the european commission ruled that ireland had artificially reduced apple's tax but effectively amounting to illegal status apple is expected to argue it followed us and irish tax law. terry goo the founder of apple supplier foxconn dropped his bid to become target is president taiwan's richest man stepped down from the company earlier this year to concentrate on running for office but he failed to win the nomination for the china friendly opposition. 8 years of civil war have crushed the syrian currency back in 2011 you paid 50 syrian pounds for one us dollars today the official rate

almost 90 companies, including nestle, l'0realand nokia, have agreed to slash carbon emissions, somezero, by 2050. banking giants, including deutshe bank, citigroup and bnp paribas, say they will work to shift their loan—books away from fossil fuels and encourage sustainability. aviation is also under the spotlight, with industry leaders due to meet in montreal on tuesday. commercial flights are responsible for about 2.5% of cabon emissions. mark lewis, head of climate change investment research, bnp paribas asset management. thank you for being on the briefing. my thank you for being on the briefing. my pleasure. this is probably the most important issue. 0nly today we have a new report to show that global warming has accelerated significantly in the last five yea rs. significantly in the last five years. what can companies do? these targets for 2050 seems a long way away. it is a long way away but you have to start now and many polluting industries have investment cycles and they can be 20—to 30 years so the first thing you have to do is prevent lock in a future infrastructure toda

markets that might be an opportunity for european producers so think about the why conflict ericsson and nokia who are being kompany might sell more united states but why it's locked out so again it's in a big was situation for certain products certain firms trade war actually provocative but you know these but for most of them it's more than a risk it's more risk. we're trying to lose his reelection in 2020 how easy it would have been to undo everything he's done with trade at this point. you see i think the key factor here is really uncertainty trade policy that has to be stable for many many years has become a source of instability and that will be very hard to be undone we see that the trade policies used viably in many more countries not just the united states and so the genie is out of the bottle if you like and any new president united states will have to spend a lot of political capital a lot of time to get the cine back into it so we have to expect more trade policy uncertainty even without the us president trump very briefly is china likely to be persuaded by these tariffs. very hard

if we are going to sponsor anybody as a competitor, it is going to be either erickson or nokia. now, lou, there's one good story here, and that is dorian has devastated and destroyed most of the islands' telecom infrastructure, which means it's got to be rebuilt. china is obviously going to give low cost loans for huawei. what we should be doing is making sure that either erickson or nokia is there providing the telecom infrastructure rebuild. we can do this. we can eject huawei. but it is going to take a lot of determination on our part and a little bit of money. lou: what i'm getting at is under the obama administration, china extraordinarily increased its influence in this region, in the western hemisphere. i understand the global aspect of their search for dominance as well as their quest to overcome the united states, but i'm talking about in this region, where there is no -- there's no ambiguity about it whatsoever. but there seems to be great ambivalence within our own government about how to deal with the exploitation of civilian initiatives, whether it's building a civi

mark in new york mark >> caller: hey, thank you, jim what do you think of nokia >> nokia, no, come on can't unfortunately my buddies who quote from the chairman say that huawei's stuff is better and cheaper so there's nothing we can do how about we go to mark in colorado mark >> caller: hi, jim it's grand canyon education, lope >> oh, the private education, you know, i'm not a fan of those stocks i think you ought to stay away 18 p/e what are you guys putting me in prison with this i need to go to jim in massachusetts. jim. >> caller: yes, jim. thank you for taking my call i'd like to ask if you could comment on two points regarding emerson electric, emr. >> emerson electric. they decided to take an activist position dave is going a good job maybe time to make moves i think it can go higher but isn't exactly the stock i'd want to buy in this environment trevor in kentucky trevor >> caller: boo-yah, and how are those eagles planet fitness, 33 cents a day, knocking down rsi 27 -- >> peloton is stinking up the joint and we don't want to go near the health care into all the sellers of pel

need to source those from companies that are trustworthy some of these are western companies ericsson nokia some of the american companies like cisco and others they can step in and fill the gap can they can they do that right now well it's very difficult because while way is admittedly ahead so we will need time we will probably need huawei equipment and the 1st generation of the next network but then let's see let's test whether data is actually getting leaked and siphoned off prove it and then get other companies to fill the gaps take the equipment out which is very costly it's costly and it's risky yes what do you tell the german government with this i mean do they have to you know that they have to take sides in this very much though we believe that you know the community of values between the united states in europe is still very strong it's been talked about a lot and yes there are tensions between both sides of the atlantic but i think that's still where our values alignment is and we have very complimentary assets that we can bring to the table between science and technology and co

these new 5 processors will be used and smart phones made by up 0 real me read me the vel motorola nokia and l.g. qualcomm said that the new less expensive phones should have more store shelves in the 2nd half of 2020. and that's it for this time you can always catch boom bust on you tube dot com slash boom bust r.t. see you next time. ready ready ready ready ready i am sure to stop it for continuing to grow. i just never know very good about the idea of bringing children into the world because i didn't feel like things were in very good shape that a life was just going to be a lot of software programs. there's no reason for more world to take things that are to me the. movie is a myth something else that. everybody's scared to talk about is survival is truly dependent on us addressing this issue and if we can even talk about it if we can't even have a conversation of that it then. we're in trouble. ready with politicians to. put themselves on the line to get except the reject. so when you want to be president when she. wanted. to go right to the press that's what before 3 of them or the

equipped processors will be used and smart phones made by apo real me read me motorola nokia and l.g. qualcomm said that the new lesser expensive 5 g. phones should have more store shelves in the 2nd half of 2020. and that's it for this time you can always catch boom bust on you tube dot com slash boom bust archie see you next time. i. ready ready ready ready ready am sure to stop at the continuing to grow. i just never know very good about the idea of bringing children into the world because i didn't feel like things were in very good shape that a life was just going to be a lot of software programs. there's no reason there are more kids world takes things that are to me the there's no reason to move something else that you have to everybody's scared to talk to that is certifiable is really to kind. addressing this issue and if we can even talk about it have a conversation about it. ready compared to centuries of chinese history 2 years is nothing unless birgitte 2 years of donald trump with yet another round of tears being added to the u.s. trade war this last week china's strategy

these new 5 processors will be used and smart phones made by up 0 real me read me feeble motorola nokia and l.g. qualcomm said that the new less expensive phones should have more store shelves in the 2nd half of 2020. and that's it for this time you can always catch boom bust on you tube dot com slash boom bust archie see you next time. i. ready ready ready am sure to stop it for continuing to grow. i just never know very good about the idea of bringing children into the world because i didn't feel like things were in very good shape that a life was just going to be a lot of software programs. there's no reason the more. you take things that are to me the. movie is a myth something else that. everybody's scared to talk to that is certifiable is truly dependent on us addressing this issue and if we can even talk about it every chance even have a conversation or that it then. we're in trouble ready . so we've got to do is identify the threats that we have it's crazy. let it be an arms race off and spearing dramatic developments only personally i'm going to resist i don't see how that stra

these new 5 processors will be used and smartphones made by apo real me read me motorola nokia and l.g. qualcomm said that the new lesser expensive 5 g. phones should have more store shelves in the 2nd half of 2020. and that's it for this time you can always catch boom bust on you tube dot com slash boom bust or to see you next on. pain years in the process started 10 years i think it's time to shake things up maybe change the branding maybe the format here is what i've been thinking about next season related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option $25.00 experts. one red rose another suggestion. jeopardy parity no political cookout where we will literally wrote the elite. late night show it's a rare form of these days and it's cheap all you need is an old microphone in a printed banner but to leave me with one of my girls i can do this and laughter politics gone wild like music. ok crosstalk is not about hype it's about meaning 10 years of talk and still going strong. peter if you want to change something why don'

area began recently and it has changed the life of one year as mall town located in the province of nokia in forever. game to find work she says thousands of others are doing the same. there is a real state deficit not only companies are bringing people to work here but there are others who come to find work because there is full employment here my grandson found a job in a few days that doesn't happen anywhere else in the country the oil and gas industries booming here and companies from around the world are flocking to. which means dead cow in spanish it all q 4 provinces in the country covering an area of 30000 square kilometers one of the remains largely untapped and that's why argentina needs for incompetence to help explore and exploiting this area but the current economic crises and government policies oppose a major challenge to this area that if well developed could help solve argentina's endemic economic problems last month that government announced that contracts would be paid at a set exchange rate far weaker than the market rate it also froze an increase in the price of fuel

saying in europe you have nokia and ericson and samsung but there is no competitor in the u.s.s comes as huawei continues to feel pressure from the government this will calm down some of those fears. let's listen more about what he had to say >> translator: would only would like to offer exclusive license to one company in the west is exclusive license so that it is able to achieve economy of scale to support the business. with this one company, i think it should be a u.s. company. in europe, they've got the 5g. in japan and korea, they've got their relevant technologies. when they are optimizing, they will make adjustments accordingly. the u.s. is not having it. i think we should give exclusive license with one u.s. company. they should be able to compete with us around the world >> reporter: he is arguing that by doing this, the u.s. could create some rival or competitor to huawei. this could be a new business opportunity as well. when you look at standard patrons, these are critical. carries around the world will have to carry these. huawei is the biggest holder of 5g and al

also very important value chain in valuable products that women produce and in fact companies like nokia depend on products like shia so in responding to that question i would say that actually a lot of communities have been trying to do something because they live in these communities so for example in parts of ghana where women are really convening conversations to say well we cannot be great the landscape and cut the trees because we would not be able to generate income from our share and also maintain and manage the eco system but i also just want to mention something in relation to the record systems we used to have a program under the un environment that used to be in the lakeside will be there and the lake probably not using the very north of mali now this is a well and system and lake system but when the birds migrate from euro tollways africa this is the 1st frankly of a hit to get water and when we were there it was incredibly degraded we try to do some research and this is 200820098 song that originally in the development community credibly to create a system that was like no

. ♪ caroline: the company by nokia brand has sold within 10 million handsets. it is redone for the phone.l in -- flip it costs less than $100. it secret weapon is still the videogame snake. developing in screen they are print technology. the feature could be available in next year's fun. apple has had a fingerprint scanning. this would allow you to scan fingerprints on a large portion of the display. discuss, why is it good to have it on the screen? it is good to have both types of biometric technologies. there are lots of prose to face eddie but there are times. some of the features are more useful during certain times of the day. such as if you just wake up and get out of bed, it is harder to enable face eddie and have that work with touch idea -- touch idea. face id and have that work instead of touch id. caroline: are you insinuating that we are unrecognizable in the morning? mark: samsung has been doing to last doing this the several months. apple was the first to take fingerprint scanning mainstream with the 2013 loss of the iphone five s. it was extremel

the company behind nokia says it sold 10 million retro handsets like this one.s redone the flip phone also. they unveiled the machine today in berlin. it costs less than $100. love it first like, facebook is launching is dating service in the u.s.. users can combine elements of their facebook and instagram accounts to create a separate dating profile. that's the business flash update. veryi know you're passionate about this. >> no one wants to use that. it makes sense from a business perspective for facebook to link this. is -- you saw the effect on match.com shares. they were down 4.5% today on this announcement. facebook is a very sticky platform and there are a lot of people who are too lazy to go anywhere else. they don't care if grandma is peeping on them. know whetherve to we have a success rate on how beautiful these dates and of being read whether they are curated. maybe they will suggest a date. can trade conspiracy theories and racist means. >> going to step up and talk about this more. and was at the consumer staples conference. this canvas company ex

according to the central bank, if we look at the elder -- it-- the dollar nokia could be moving certificate higher. sterling is another one to watch. there are some signs of some movement within the johnson government that they are looking at alternatives for the northern ireland backstop. if they do manage next week to put it in front of merkel and some other eu officials, more positive news with respect to the newly ireland issue, i think sterling could really rally. vonnie: that is a bit of a binary trade, right? how do you play that one? you don't just by sterling, right -- just buy sterling, right? jane: over the last 10 days or so, the market has been covering short positions. some of the issues we've been hearing with respect to johnson and his irish plans, although they have not been enough to appease the e.u.'s demands, at least there is some movement. the market has been very short of sterling. i think many investors were very short sterling and wanted some good news here. i think there has been some short covering. that will obviously run dry if we do not hear some positive devel

the labour leader jeremy corbyn telling boris johnson he has no mandate for a nokia brexit.eard from the liberal democrats, saying they want to stop brexit completely and revoke article 50. the house as divided as ever in westminster as the debate continues. kathleen: a lot of breaking news as things get underway. softbank has now said to be pushing wework to postpone their ipo. very interesting. executives at wework and softbank discussing whether to shelve plans of the ipo, a money-losing, co-working company. softbank is pressing them to do this after investors expressed some very serious concern about the business and its corporate governance. they asked not to be identified because discussions are still private. wework planned to hold a roadshow to promote the offering as soon as this week. the financial times earlier reported on softbank's position on monday. big news. keep it right here. this is bloomberg. ♪ >> china is basically a healthy market but because there is a trade war, it is basically in a recession. that is a new situation that is scary for us. >> the manuf

company and europe is home to nokia and ericsson and does not need any help.'s online startup will issue a credit card with a bang from indonesia linked to its booking service. it was founded in 2012 and was said to be valued at $2 billion two years ago and has expanded across southeast asia by making it easier to book flights and hotels. tech are a look at the top global stories we are watching. paul? paul: thanks very much, taylor. shares of chipmaker macron came under pressure in late trade after a disappointing profit forecast suggests the industry's slump is not over yet. "bloomberg technology's" ian king covers macron. the stock is down more than 6%. why is that? : exactly right. the first factor is obviously a big run in shares this year, which created, i think, expectations a little bit overinflated, but rather than a number, it was more what they said. they pointed again to the huawei situation and said that may impact them going forward if they do not get more licenses to continue supplying the company. they talked about the trade war in general as p

>> it seems like the ideologically huawei is an enemy here but in europe they're taking share from nokia and erickson and the europeans seem to be agnostic about where they buy something. >> it seems that way the demand remains strong for that mobility in total in europe and that's a piece of it for sure. >> what do you think -- you must be listening you hear the same downbeat stuff, recession, people worried. you look at your order book every day. it is broader than almost any other company. you're just not seeing that, are you? >> we on the average ship and bill about $100 million each working day and so, again, you know, we move to where the demand is and we are blessed to have a very broad portfolio. so we have the opportunity of really moving to where the demand is in the market. >> one last question, how do you ship your stuff to your clients? i'll tell you where i'm going. what kind of shipping company? >> so, we use a variety of shipping companies and, you know, our supply chain is very efficient. we'll even do a lot of dropped ships from our vendor to our business partner right

in the market, what are your thoughts on nokia, nok as a 5g play. >> poorly run. can't be backed. even the europeans don't want to back it, which is really saying something. they have to get their house in order. it's not bruce in new york. bruce. >> hey, jim. you're the best, jim. >> thank you. >> you are the man >> i've owned church and dwight stock. periodically i do my research and read whatever is available i very rarely find whatever is negative about them. recently spruce point capital came out claiming accounting gimmicks were used to inflate earnings should i totally go on that since they're short sellers? >> well, look some short sellers do very quality work and occasionally they actually up end the bad stuff. i've got to tell you something, i think church and dwight is one heck of a company and always welcome i think you should hold onto it. >>> big tech can't seem to catch a break. it seems to be under fire every single day, but i'm telling you, not to bail on this cohort and these people who say tim cook should be fired, they're boneheads. i like that because the pred

people over it but no deal and even some people who voted for brexit will be worried by the process of nokiawho are in charge of the no deal planning that there will be short—term disruption and problems stop with no one is trying to say that it... that the beautiful green grass on the other side, it will be challenging. but a lot of money has gone into mitigating those challenges. whether it is with a deal or without a deal, andl it is with a deal or without a deal, and i think the most damaging thing is this continued delay and uncertainties so many businesses in my constituency or same for god sake and we decide so that we know what out and we decide so that we know what our field will look like? thank you very much indeed. i talking to one inside earlier that the problem with the hillary vent act is that they fear the message it is sending to businesses is that you don't have to be paired for the end of october. they are trying to get everyone ready for leaving the eu. —— the benn act. come what may. and vicki young at the conservative party conference in manchester. let's look at the he

you have competitors from ericsson, nokia, samsung -- all great companies, but none of them have the wherewithal of their countries they are located in to match the financing power that china incorporated can bring. we may need and we can bring -- this is a pretty dramatic consequence. alwayshis country have avoided notions of industrial policy where the government .ries to pick winners or losers i think some of that when we are competing against a nation the size and scope of china may need more thought. .e are having conversations think about how we can combine and have a -- does not necessarily have to be american, but western -- i say western in geographic as the countries that were first brought to our attention were japan, korea, and australia, open and were democracy-type equivalent that will have more capability to compete. that is a dramatically different approach than anything we have thought about in recent times, but it is driven by the fact that when we are competing its size,ina with scope, economic cap, and intellectual capabilities, we are going to have to think diffe

what is happening with these nokia she is -- these negotiations should have happened a long time ago. it is important that we as a country recognize a couple of things. we have to stop trying to be the world's police. it's not working, it is not our role, and we see in examples like afghanistan how costly this foreign policy has been and how it undermines the interest we have as a country. acceptough it is hard to for those of us who want to be able to help others, the afghan people are dealing with a lot of challenges. they have been for quite some time. ultimately it is only the afghan people who will be able to determine their own futures, only the afghan people who will be able to root out corruption and the wrong government, only the afghan people who will be able to roo work out their form of governance. it is very different from ours. these negotiations are very important. they should have happened a long time ago. we need to bring our troops home from afghanistan now. [applause] mcdermott fromt aarp. >> good morning. thank you for coming here. , bothyou for your service in con

area began recently and it has changed the life of one year as mall town located in the province of nokia in forever. game to find work she says thousands of others are doing the same. there is a real state deficit not only companies are bringing people to work here but there are others who come to find work because there is full employment here my grandson found a job in a few days that doesn't happen anywhere else in the country the oil and gas industries booming year and companies from around the world are flocking to walk on water which means dead cow in spanish it all cube ice 4 provinces in the country covering an area of 30000 square kilometers. of the remains largely untapped and that's why argentina needs for incompetence to help explore and exploiting this area but the current economic crises and government policies oppose a major challenge to this area that if well developed could help solve argentina's endemic economic problems last month that government announced that contracts would be paid at a set exchange rate far weaker than the market rate it also froze an increase in t

so the competitors are nokia and samsung, all great companies but none of them have the wherewithal of the company their located in to match the financing power that china inc. can bring. so we may need and we have -- and this is a pretty traumatic cop cept but there's a lot of conversation going on. we in this country have always avoided notions of industrial policy where the government tries to pick wipers nners or l. i think some of that when we're competing against the nation's size and scope and focus of china may need to be rethought. so we may need and we are having conversations that say, you know, should we with our partners or with the other ventures think about how we can combine and have a -- it doesn't necessarily have to be american but western -- and i say western in the concept of geographic because the countries that first brought this to our attention was japan, korea and australia, open democracy type equipment that would have quality equipment with financing able to compete. that is a dramatically different approach than anything we've thought about in recent times,

they are against brexit necessarily, they are doing it because they are really worried about what nokiabrexit. if they are so they are against brexit. if they are so in favour of compromise and retaining close relationships with europe, as they claim, to avoid what they call a disastrous nodal brexit, then why when faced with three votes in the house of commons to do just that and vote for a compromise and a deal, did they grow into the lobbies with the members of the aig who are the minority here who are determined to have a nodal brexit. my conscience is clear. i voted consistently for a deal, a norway option on four occasions. but the same alliance keeps forming of remain as who don't accept the result and the small amount who don't want to know deal. result and the small amount who don't want to know deallj result and the small amount who don't want to know deal. i would be on those options now? what you think is the most likely scenario? i've given up trying to predict anything. anybody who makes a prediction is just guessing. i do believe the prime minister wants to leave on a dea

like microsoft and for ain, they can stand telecom billing software, nintendo, which is going to kick nokiaerstanding, is actually a property company. alliple examples of mang, of which are in my international and global equity funds. i believe this is the investment play at hand. if your contrarian, if you have the right kind of research backing up these investment opportunities, they are all extremely undervalued at single-digit multiples and have dividend yields between 3% and 5%. both in crime and growth is undervalued. -- both income and growth is undervalued. rupal: they are diversified by sector. i.t. works when we have a narrowly red -- a narrowly led rally. something more diversified might fly under the radar but outperform. rupal: that goes back to this notion. as a goodarted out idea but now it a very common trait. with passive, people think it is a panacea. it exposes you to a lot of risk. you get the good, but you also get the bad and the ugly. i think there be another inflection point not just from growth to value, but also passive to active. you have to pick your spots becaus

we nokia gauges on the manufacturing sector are under gaugese -- we know key on the manufacturing sector are under pressure. that they're going to go down the route of more support for the banking system by cutting the rrr rate at the bank of china. a lot depends on how these trade talks go over. if we reach a point where there is something of a truce, that takes pressure off china to support their economy. if it remains as we are now, ast will say there's probably good more stimulus to come out of china to keep their growth story ticking over. kong, protesters are not backing down despite chief executive carrie lam's move to formally withdraw the extradition bill. lam: since my and i'm spent, i noticed there are still some worries about this procedure. i want to reiterate that the sole purpose of the procedure is to withdraw the bill. alix:i want to reiterate that te sole bloomberg's karen leigh joins us on the phone from hong kong. what are the protesters still upset about? that: protesters are upset she didn't do this sooner. a lot of people saying if she had done it a couple of month