also, from a regional perspective, we have taken money out of the u.s., deployed money in north asia.t was early this year. more recently, we have increased the weight in asia and we are still running a smaller weight muchrope, where we very like the specialty material, industrial sectors. annmarie: i know you like north asia followed by europe. what in europe do you like now, given how gloomy the european economy is getting given these fresh covid restrictions? fabiana: you have to have investment in there. in the shorter term, the european economies are going to get hit, no doubt. but if you look at it on a six months, one year investment horizon, i think some of these companies are actually faring very well. board, notross the even in one specific sector, valuations in europe are really undemanding. you do see the fundamentals are actually starting to improve. to stayhere is you need selective, because not all companies are coming out of this unscathed, and some of them will second, not survive the and if we ever have it, third wave of covid. it is a matter of being very selective.

you know we're not locating at a night of north asia or all east asia yet but it could of the time become something much more significant but its evolution in the short term accused will depend on who eventually occupies the white house next year. i think whoever occupies the white house will support the quad. if mr trump is reelected in my view perhaps in a chaotic fashion in other words. you know the other countries will find us a less reliable less pretty predictable less trustworthy how are i think if mr biden is elected that will solidify the quad a great deal and in fact the u.s. under mr biden he believes in alliances unlike mr trump might want to quote to do a lot more of the time so interesting space to watch thank you so much for joining us richard mcgregor. thank you very much. in india the rape and murder of a 19 year old woman by for higher cost man has focused attention on india's infamous cost system activists claim the woman was especially well little because she was from the dull it cost formerly known as until untouchables they came adult explains the allegedly inept han

it's much of north asia.lar, in my opinion, is very admirable for how it copes with so many things. and so it's not as though it's just an authoritarian state. and i think a lot of it relates to the broad use of technology for all your society. and a lot of their economies seem to be, quite nicely, in my opinion, a bit more inclusive for all their people. and it's not just the chinese model. now, coming to your question. all right. yeah. listen, in the spirit of not letting a crisis go to waste. what we really have from a 40,000 feet angle, is an enormous external shock, which has created a lot of visual observations about all sorts of, what economists call, market failures. and the role of government should be to solve those market failures. and if we face, for example, as i share the views of so much scientific evidence, that we're heading towards some kind of disaster with climates, and i don't know if we're going to have chance to get into it, butjust on infectious diseases, as you probably recall, i led

chief north asia correspondent, stephen engle.pen of the session in india, less than 10 minutes away. can indian stocks continue the ten-day rally? investors are shrugging off concerns of escalating inflation at home. this is bloomberg. ♪ haslinda: live pictures out of mumbai as we count down to india's trading day. imf. trading up with the it faces the biggest contraction of emerging markets. an 11th straight investors gains, as piled into beaten-down shares. sircarring in shibani --h what do you make of this rally in india? >> thanks for having me on the show. three key factors have been driving the markets. front, while the absolute numbers have been increasing, what is heartening is the recovery rate and case fatality rates have been improving. the probability of a strict lockdown has gone down. if you look at the high-frequency economic indicators, data is showing a gradual recovery. today we would be around 85% of pre-covid levels, so frequency data is showing normalization of levels. india hasl bank in indicated they will k

you know we're not looking at a night of north asia or all east asia yet but it could of a time become something much more significant but it's evolution in the short term accused will depend on who eventually occupies the white house thanks joe. i think who ever occupies the white house will support the quad. if mr trump is reelected in my view perhaps in a chaotic fashion in other words. you know the other countries will find us less reliable less pretty predictable less trustworthy our i think it mr biden is elected that will solidify the quad a great deal and in fact the u.s. under mr biden he believes in alliances unlike mr trump might want to quote to do a lot more of the time so that interesting space to watch thank you so much for joining us richard mcgregor thank you very much. in india the rape and murder of a 19 year old woman by for higher cost man has focused attention on india's infamous cost system activists claim the woman was especially well little because she was from the dell it cost formally known as until untouchables became adults explains the allegedly inept and

let's get to our chief north asia correspondent.esults tell us about the health of china's big state lenders? >> health is an interesting word. these poor state lenders in china. when things are going well, they tend to get favorable treatment of course from the government. when things are going bad like through the pandemic on the first half of the year, they were enlisted in the government through the banking and insurance regulatory commission. they basically had to curb profits. that is not a great thing for investors to embrace. if you are being forced to curb their profits. that has seen a rise in nonperforming loans and bad credit across the board. what we are seeing in the third quarter is since the relaxation of those restrictions numbing from the cbrc, that maybe these banks which have been unloved on the markets are starting to current -- starting to turn a corner. the number two big bank in china reported first yesterday. fit was down 4.1%. we are seeing a rise in credit losses. grew 42%.provisions grou 20%erforming loan

julie: we generally really like north asia as a reason to -- region to start. the issue is that the price action shows that. from a regional perspective, we see the em asia index vastly outperform the em latin america and emea indexes really since covid. it's hard to imagine now but asia has not always been the huge outperform or it is today. this has very much been a 2020 story and within the story, it's about asia tech. for us, we really like the new economy, and for us, that includes e-commerce, communications, and simtech, so we are still excited about that space going into 2021. shery: julie hermann, it was great having your thoughts, strategy analyst. let's get to karina mitchell with the first word headlines. karina: covid-19 cases continue to soar here in the u.s. with rising numbers in 32 states and in washington. jumped 68% inns new mexico. 50% in wyoming. and by 38% in connecticut. elsewhere, reports from paris say france is planning a nationwide lockdown. there are claims that one in four airports in europe face collapse as the virus devastates thei

they are led by china and north asia in general. korea is in good shape.e do believe all the countries, in one way or the other, are related to china to be softer from the pandemic. is an emerging market. that you likenow the em bonds and em equities. we will come back around. that ties to the -- to some of your european things as well. how guest hosts this morning. laura wright is that london hq and she has the agenda -- at london hq and she has the agenda. facingboris johnson is more pressure over his pandemic policies. more than 50 members of his own conservative party are demanding a clear root out of law down. the mp's are warning his pandemic strategy is disproportionately damaging the economy in the north, steepening the divide with the south. armenia's prime minister says it's u.s. brokered truce has broken down hours after coming into effect. it is the third time negotiations have failed to stop the worst fighting in the region for decades. each side is accusing the other of preaching the cease-fire. mediators have tried for nearly three decades t

some asymmetry and divergence at the regional level , which companies are performing well, and north asiaas stood out well in its outperformance. that is going to continue. small businesses have been left behind, but earnings have been strong in other places. some of these big macro trends i don't think are going to change with the election outcome. it is a test of the institutions. tom: i think within the shock of what we have seen in the last four hours of after jfk and into lbj when there was a time of great, great action, can we have an equivalent shock here and somehow find a stimulus package, some form of compromise here come out of the shock of our leader so ill? joyce: i think the two sides are just too far apart. on the democratic side, and $500 billion on the republican side. i think that is too hard a gap to close and there are too many other things going on right now. vote,ve the supreme court obamacare is supposed to be before the supreme court, around november 10, november 11. and what happens with that? we have phased out phase 4 come and that is meaningful to the economic

annmarie: bloomberg's chief north asia correspondent stephen engle.oining us this morning to digest all of this news is michael metcalf, global head of microstrategy at state street. i want to start with china. we had president xi speaking hours ago and china is really the only one that stands a chance. look at the imf projections that is going to grow this year. for years, we have talked about chinese exceptionalism and i wonder if it is coming to a point this year specifically. does the rest of the world stand a chance to catch up to china's growth? as you say, china is the standout positive in the growth outlook. large part and significant part of the global economy now that that will actually help the rest of the world we know that chinese exports are still an important source of growth and we know that domestic source of growth will become more important but i think the fact we've got such a big growth driver doing so well is positive overall for the world of growth and the gap will eventually narrow but it does not look like it is going to narro

this has been coming for a while into china, and only broadening out in north asia now.hus far, if you look at other equity markets, nine chinese equity, you really haven't seen any equity flow. china has basically dominated, but for good reason. we compare the u.s., -95 basis points, china is positive 2%. there is a gap of 300 basis points between real yields in these countries, and that is why you're getting the inflows into china. again, i think this trade makes sense, particularly the duration trade. how far will the pboc allow the trade to go? i think that is a very important question. if you consider how far it is from a time when there is no tariffs, you are about 1.3% away in terms of the trade weighted index. we are still recommending a long, but it is probably not a trade you would start on a clean sheet of paper. you can potentially get to 6.50, 6.55, but we don't expect they will let it go much beyond that. but chinese government bonds i think is quite an attractive trait. lisa: bhanu baweja, thank you for being with us, ubs chief strategist. i love declare o

levels and also because of some offshore winds building upper 80's at this hour lower 80's up to the north asia will notice 81 for san jose. but the moisture levels here we're going to build tonight bring back some of that marine layer again, but then drying out with some help of an offshore wind, it's very apparent as you can see off to the east and up to the north bay it doesn't get too far to the west but you get a general idea what it looks like 58 will go with san francisco again know that fog maybe some fog making it to open at 5660 san jose expected for a low tonight, mostly clear skies generally speaking our lows, we'll be in the middle to potentially upper 50's along the east bay shoreline, some cool 40's up there to the north bay around santa rosa 60 again for san jose noting this longer-range forecast for you about let's retire the 90's give them a tease a shot here we'll have the 80's going on for most of the week don't forget a secondary system we're going to watch that that fire weather watch is later this week, although we are cooling. and you heard earlier in the broadcast maure

north asia, south asia, the different things. banks, a weak u.s.ollar are definitely something that is beneficial for the emerging markets. we still favorite over local currency. we do think tempering the exposure for more emerging rates more contraction out of the high-yield. , we might see some opportunities, again selectively. whether the currency will perform -- on the equity stance korea, sona, south these are the regions where we are looking at. the emerging market is really a big part and offers the possibility to diversify your portfolio. monica, thanks very much, stay with us. with us to talk about the big picture for global markets this morning. 7:20 in london. coming up, 24 hours, 100,000 jobs lost. companies step up the cost cutting programs as countries try to assuage fears of a second lockdown, but is there worst to come? this is bloomberg. ♪ anna: welcome back to the european market open. futures point to the upside, if modestly on the dax. tens of thousands of job cuts announced in the last 24 hours. disney's announcement that it wo

asia. europe and north america. most of the energy is produced from biomass from something like me. but the other sources aren't doing so badly either. however i've come under a lot of criticism recently while you see for yourself. this field is lush and green but in a way it's a desert a desert of corn planted to produce biofuel fields like this cover more than a 1000000 hectares in germany corn provide. hardly any food for insect biologists say that's one reason for massive insect die offs. when committed by 90 you can't generate biodiversity with a single type of plant a monoculture so you need to sow a range of different plants to get a range of insects it just doesn't work with corn. the idea is to replace the corn with plants that can also be used to produce biofuel and provide food for insects at the same time. up to 30 different species should begin flowering here soon. so far only come a mile is visible. to see look at the state of that disgusting even though it's a loss something nicely of us fighting is all wrong we want to have a field of flowering prairie shot here we n

asia. europe and north america. most of the energy is produced from biomass from something like me. but the other sources on doing so badly either. however i've come under a lot of criticism recently why see for yourself. this field is lush and green but in a way. it's a desert a desert of corn planted to produce biofuel fields like this cover more than a 1000000 hectares in germany corn provides hardly any food for insects biologists say that's one reason for massive insect die offs. when committed by 90 you can't generate biodiversity with a single type of plant a monoculture so you need to sow a range of different plants to get a range of insects it just doesn't work with corn it was the hope and. the idea is to replace the corn with plants that can also be used to produce biofuel and provide food for insects at the same time. up to 30 different species should begin flowering here soon. so far only come a mile is visible. to see look at the state of that disco stain even though it's lost something nicely. all wrong we want to have a field of flowering prairie shrubs here you need

even if such perennial shrubs provide food for insects that indigenous to north america and asia. critics fear they might crowd out native species. to send i misspelled comment did you get off on those are actually claims that have never been investigated there are assumptions but do you have to consider that we are here in germany a land of immigration so we have a level of biodiversity which since the ice age has yet to fully recover to what it was before the icing. we're trying to show that our front to only accept these wild species from foreign lands just as much as the indigenous species and interestingly we discovered that while beings in particular are very close and it's you say instant. mazzini is connie into the elites is looking at whether beings on the other insects can really feed on the pollen of non-indigenous flowering shrubs for example with cylinders like bees in which wild bees build their nests. but biologists then drive to another field of non-indigenous flowering shrubs. they see right away that it's not overgrown with come a mile and boasts many more types

asia. europe and north america. most of the energy is produced from biomass from something like me. but the other sources aren't doing so badly either. however i've come under a lot of criticism recently by see for yourself. this field is lush and green. in a way it's a desert a desert of corn planted to produce biofuel fields like this cover more than a 1000000 hectares in germany corn provides hardly any food for insects biologists say that's one reason for massive insect die offs. one can need i know if you can generate biodiversity with a single type of plant a monoculture so you need to sow a range of different plants to get a range of insects it just doesn't work with corn it was the hope and. the idea is to replace the corn with plants that can also be used to produce biofuel and provide food for insects at the same time. up to 30 different species should begin flowering here soon. so far only come a mile is visible. to see look at the state of that disgusting even though it's a law something nicely of us fighting is all wrong we want to have a field of flowering prairie shot

asia. europe and 'd north america. most of the energy is produced from biomass from something like me. but the other sources aren't doing so badly either. however i've come under a lot of criticism recently while you see for yourself. this field is lush and green but in a. way it's a desert a desert of corn planted to produce biofuel fields like this cover more than a 1000000 hectares in germany corn provides hardly any food for insects biologists say that's one reason for massive insect die offs. when committed by 90 you can't generate biodiversity with a single type of plant a monoculture so you need to sow a range of different plants to get a range of insects it just doesn't work with corn it will help and. the idea is to replace the corn with plants that can also be used to produce biofuel and provide food for insects at the same time. up to 30 different species should begin flowering here soon. so far only come a mile is visible. to see look at the state of that disco stained even though it's a loss something nicely satisfied it has all wrong we want to have a field of flowering p

those seeing more of opportunities in north asia as opposed to south asia.u mentioned to china, how much has to do with the fact that there are more u.s. economy stocks and perhaps those pandemic say stocks across the region? safe stocks across the region? >>, you are right. , they wantou heard by 20ome carbon neutral -- 2023. they are being driven by the domestic economy, the economy is recovering 20 quickly. -- very quickly. shery: do you think the direction of the yuan going forward will try to curtail the strength? hasn't had much impact when it comes to the direction of the equity strength? i think the chinese government is taking a long-term view on this. the chinese government is more likely to support the market than not. that has to do with the fact that there is a lot of retail investment in the chinese equity market. they also want the chinese equity market to have a larger role in the global financial banking. i think over the long-term, frome going to see more china. shery: is there a shift in sentiment with regard to expectations after what hap

shery: our north asia government editor joining us from airport.tchell for the first word headlines. karina: the house has passed a democratic to $2 trillion coronavirus really package. but it is unlikely to become law. it is supposed by republicans, who are most likely to block it in the senate. nancy pelosi said she will not take the path of least resistance and play to make a deal. talks will go on as pressures mount on both sides. >> we are still alive. we are still talking. i am hopeful we can reach an agreement. we are still fighting for the they we think administration should come up with for our heroes. i think we are close in terms of money. we have to see the language. karina: infections continue to surge in new york, reporting the most cases since may. officials in the u.k. say london is at a tipping way. tough social restrictions are being imposed on madrid, while ireland has its highest levels. global cases topped 34 million. deaths are above one million. amazon said 20,000 of its 1.3 million workers have tested positive or presumed po

we are now proceeding to make that happen in north america, europe and asia.is plastics. we invented a new technology with a venture company in the united states to recycle all wasted plastics to be plastic materials. so theoretically we can recycle all plastics as a resource to make bottles so that is a commitment, too >> well, we appreciate checking in on all things, sustainability and demand didn't have a chance to ask about the sherry, i'm sure that's still in high demand. >> yes >> best whiskey in the world, going for hundreds and hundreds of dollars >> i haven't heard that one. >> google it if you can get it. it's impossible to get peonp next, the return of sursic jets. unveiling its first test plane we will discuss it when we return before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. can go your own way ♪ it's time you make the rules. so join the two million people who've switched to xfinity mobile. you can choose f

our chief north asia correspondent, stephen engle, joins us from hong kong.are these numbers telling us about samsung's strength? stephen: these numbers are confirming the preliminary numbers that came out october 8 at 10.6 billion dollars operating income. are rightl numbers around in line, but what we are getting this time in the final numbers, as samsung does two sets of numbers, preliminary soon after the calendar quarter is over, and then after three weeks or so, we get these final numbers that include net income and include the divisional breakdowns. see howtarting to mobile semiconductors, displays, and consumer electronics are all faring as individual units as part of the group. that net income number, up 52%dated net income, year-over-year, and well above the estimate as well. that comeod indicator obviously, the third quarter is faring well for samsung electronics. bread and butter, main revenue generator. it has had a bit of a roller coaster ride over the course of 2020, surging on demand through the pandemic, but then, as discretionary spending qu

haslinda: our chief north asia correspondent stephen engle. , we areted, samsung having a q&a with samsungxecutives. out of that discussion, samsung is saying they are awaiting u.s. approval of license to supply to huawei. also upside demand from other chinese mobile makers. those are the earnings conference calls still ongoing right now. for now, here is the latest business flash headlines. the board of tiffany is said to have approved its sales to the luxury conglomerate lvmh at a lower price than proposed. the financial times says lvmh will pay 131 .50 a share, down from $135, saving about $425 million. they say tiffany would pay it shareholders a dividend of $.58 per share. the year-long saga has seen french government intervention. enjoying china's recovery from the coronavirus, posting a third-quarter profit and a rebound from the first ever blog. that comes with subtraction. $1.8 billion in the six months through june. china's daily refining -- rose a record 14 million barrels a day as china's economy strengthens. china reported a third straight quarter of negative sales that have s

chief -- our chief north asia correspondent joins us.d the results tell us about the health of china's lenders? lenders,big state known as policy lenders, are at the mercy of government initiatives and when things are going well, they often benefit from policy but when things are going badly, as it did throughout the first half of the year as china suffered with the pandemic, the banks were ordered by the banking regulator -- to givery commission, preferential treatment, interest rates to businesses and rollover loans, they basically take one for the team in listing them to support the economy through the pandemic. first half results for these -- resultsere quite were bad, bad loans were bad, they were higher. with the chinese economy recovering come all the government is starting to ease pressure on the banks and we should start seeing better but not stellar results in this third quarter results that we saw in the second quarter. the china construction bank, the number two lender in china, reflects that. net income falling 4.1% in the t

asia. europe and north america. most of the energy is produced from biomass from something like me. the other sources aren't doing so badly either. however i've come under a lot of criticism recently why see for yourself. this field is lush and green but in a way it's a desert a desert of corn planted to produce biofuel fields like this cover more than a 1000000 hectares in germany corn provides hardly any food for insects biologists say that's one reason for massive insect die offs. one committed by 90 you can't generate biodiversity with a single type of plant a monoculture so you need to sow a range of different plants to get a range of insects it just doesn't work with corn hop and. the idea is to replace the corn with plants that can also be used to produce biofuel and provide food for insects at the same time. up to 30 different species. to begin flowering here soon. so far only come a mile is visible. to see look at the state of that disgusting even though it's a law something nicely of us fighting is all wrong we want to have a field of flowering prairie shrubs here we need

house is cutting short mike pompeo's current visit to asia, for more on that let's go to our chief north asiatephen in hong kong. and do we know about this how significant is this that his visit will be cut short? >> i think the fact that his visit is being cut short is less significant than the visit itself. this is the most high-profile trump administration diplomatic effort abroad ahead of the election on november 3 and it is a way to send a message to china that the alliance the united states has informed to battle or aunter the debt should be counterweight i should say to china and that is why the united date has this indo pacific strategy rather than asia-pacific. they are adding india to that in the australian -- austria, japan, and denies states. the foreign ministers of those countries will gather in the next two days and pompeo instead will not go to south korea or mongolia, this time around. the trump administration is saying that mike pompeo may go to asia again before november 3 which is of course the election date or sometime later this month. these four countries as we know hav

after muslims we've seen tens of thousands of people protest in saudi arabia in the iran across asia north africa people calling for a boycott boycott of french goods but we've also seen. various muslim countries that are good friends either saudi arabia for example saudi arabia and. iran then acting in concert in iran summoning the french ambassador to explain his presence words even even turkey as i mentioned all the previous terms with the front has been very harsh on macro. macro needs mental health treatment what else can be said to a head of state who does not understand freedom of belief and who behaves in this way to millions of people living in his country who are members of a different faith muslims are the primary victims of the cult of hatred empowered by colonial regimes and exported by their own clients insulting 1100000000 muslims and their sanctities for the apparent crimes of such extremists is not you know stick abuse of freedom of speech it only fuels extremism the recent statements that the leadership level and is the dence of this a creation of the holy qur'an a reflec

asia. europe and north america. most of the energy is produced from biomass from something like me. but the other sources aren't doing so badly either. however i've come under a lot of criticism recently while you see for yourself. this field is lush and green but in a way. it's a desert a desert of corn planted to produce biofuel fields like this cover more than a 1000000 hectares in germany corn provides hardly any food for insect biologists say that's one reason for massive insect die offs. one committed by night you can generate biodiversity with a single type of plant a monoculture so you need to sow a range of different plants to get a range of insects it just doesn't work with corn it was the hope and. the idea is to replace the corn with plants that can also be used to produce biofuel and provide food for insects at the same time. up to 30 different species should begin flowering here soon. so far only come a mile is visible. to see look at the state of that disgusting even though it's lost something nicely satisfied it has all wrong we want to have a field of flowering prai

how the weather slushy set fire across a good part of north and east asia cloud and rain moving away from japan bright skies coming in behind that will still be wanted to show us on and off across the northern parts of honshu into hokkaido but for the most part of secrecy place guys and plenty of sunshine take a $23.00 celsius 20 celsius to seoul or $21.00 there in beijing as we go on it's a choose day game staying largely fine and dry a low we have got some wetter whether it's a wintry weather over the high ground is that western side of china. i would say ward same the air here because showers easing now over towards that northeastern corner of india along with a good pass off bangladesh notice the winds starting to pick up we're northeasterly faith right about where the stable looking at the northeasterly monsoon starting to set in across the far south of india so alas the summer rains are retreating quite nicely still russia showers up the western side of india having said that all the way up into maharashtra elevate the east somewhat as we go on into chews day further north is f

s asia coming up today north korea raises the stakes in nuclear diplomacy. to a country on veils of previously unseen myside that could potentially carry multiple warheads and targets in the u.s. city how concerned should we be. ranch's an activist in her eighty's campaigning for muslim rights in.

border bosnia is used by thousands of people fleeing unrest and war in the middle east central asia and north africa 3 years ago other nations closed their borders and disrupted migration paths through the balkans. but upon entering bosnia most migrants walk northwest to the country's long open border with croatia one of the last gateways to northern europe on this journey through croatia many of the migrants report being beaten and stripped naked forced to lay on each other some of them have described it as before civilian a hash tag patton others have described as being forced to lie like logs being stacked on each other. their valuables have been taken their personal belongings destroyed or burned. in one case in 2 cases sorry we have reports of severe sexual abuse another migrant mohammad from pakistan says croatian police set dogs on him after he crossed the border 2 weeks ago before. the port. dog attacked the dog be put to death here though people guarding the leg are no good going to police. after being beaten in croatia many are sent back to bosnia part of this narrative deal with wr

ordered, no the just from boeing but from air bus and other manufacturers will go to china and to asia, northrica will be about 21% of the market. and there you see europe at 20%. as you take a look at shares of boeing, remember, it it's backlog come down substantially for commercial airplanes now stands at 4,387 airplanes. we'll get their september orders and deliveries next week much that's when we'll see whether or not there has been some stabilization at least some signs of growth or a little more demand from the airlines also take a look at airus about. it's backlog stands at 7 snch,51 airplanes. the next few years will be brutal for the airlines. iata, the trade organization for air heinz, is out with a report today saying that the air heinz are going to lose $77 billion in the second half of this year and the aleast $50 billion or $60 billion next year. that is one indication of just how long it's going to take the airline industry to recover. >> yeah. $300,000 a minute as we said earlier this morning thank you for that phil lebeau. st s&p 500 is trying to hold 3400 here. powell really

welcome to news asia glad you could join us our grand military parade over the weekend in north korea has left analysts concerned about the nuclear threat posed by the hummer nation the calls of the body this new missile a mock up of which was put into during the 75th anniversary celebrations of the

asia, europe, north america clean water and before we leave today let us share messages of hope and inspiration i think it's important to understand we need an enterprise and i think this is something to focus on in dealing with the covid-19 crisis and more emphasis. >> the same question to you, please. >> from my spoken remarks, to help entrepreneurs and small businesses in this time of crisis and change and so just to continue to the point of doctor stiglitz made, one of the important parts of the recovery will be preparing for that different kind of economy. one part of that is a financial challenge of how to allow people and their skills to adjust to the new environment, so that's one of the skills for the developing world that we can't simply reflect the previous assets. we have to find ways many of the previously built assets and skills are to be utilized in a different way in the post covid environment. the digital connectivity can help a lot, but also leadership. and to be a global kind of spirit there can be a resilience into the future. >> the speakers that are utilizing to tackle the

brothers well doesn't work in the new world because your ethnic rather is go up to central asia mongolia to the north of china are you are you are you ready to enter if you are any problem that your i think roger's will get there may be yes yes if i look at the border in turkey i mean 360 degrees to the turkey has problems it had problems 'd in egypt it has evolved in libya well is it ethnic brothers or something else it's a different story turkey speaks about territorial integrity of other budget but in the meantime they cross the borders with iraq they are speaking about territorial integrity of other budge other pros the border to syria they are trying to be very very present in lebanon in the gulf while they have their big issues now in the. eastern mediterranean and now they are in coca 360 degrees that's one second they were speaking about p.k. k. fire is absolute nonsense 31 there were speaking about the pipelines that are running from bugaboo to to tbilisi challenge as an oil pipeline why i'm certain they are referring to this because the motivation was that armenians world will hit them and

africa, latin america, the caribbean, asia, europe, north america and beyond. some unemployed, women, children, and men may be caught in the epidemic of rising gender-based violence, while others are struggling with multiple crises including natural disasters and wars and they lack basic access to food, electricity, the internet, clean water, and health care. before we leave today, let us share messages of hope and inspiration for those who most need them. professor, what is one final thought you would like the audience to take away from today's conversation? >> i think it is important to understand every crisis also creates many opportunities. at the same time, we need private enterprise to pursue these. this is something we will also have to focus on in dealing with the covid-19 crisis. sometimes i wish to see a little more emphasis on how we can work entrepreneurship in private enterprise dealing with this crisis. >> thank you, mr. malpass, the same question to you. >> i appreciate his answer. i cut from my spoken remarks a section on how to help entrepreneu

the world as it is in asia is not a serene or peaceful place. the first reality is that north vietnam has attacked the independent nation of south vietnam. it's object is total conquest. of course some of the people of south vietnam are participating in attack of their own government. turned men and supplies orders and arms, going a constant stream from north to south. this support is the heartbeat of the war. it is a war of unparalleled reality. several farmers are the targets of assassination and kidnapping. women and children are strangled in the night because their men are loyal to their government. how plus villages are ravaged by ethnic attacks. large-scale rates are conducted on towns. terror strikes in the heart of the cities. the confuse nature of this conflict cannot mask the fact that it is the new face of an old enemy. over this war and all of asia is another reality. the deepening shadow of communist times the rulers in annoy are urged on by the king. this is a regime which has destroyed freedom and tibet which has attacked india and has been condemned by the unit