resolutions passed by the board of supervisors that dedicated the funds for this project to the 732 pacific new asia restaurant project for affordable housing. i don't know how expansive and restrictive those requirements are. that would be something we would have to look at in conjunction with the city attorney. >> chairwoman: okay, thank you very much. i wanted everyone to get a chance to see who is in charge. so thank you for coming up. >> and as to the question of john updike being the project manager on this project, as you know, john brings a wealth of experience and has been involved with this project from the beginning. i'm very closed t pleased to hae him continue on this project. there is no question in that regard. >> chairwoman: yes, he is very well-qualified. i did go into my files in advance of this meeting, and i see, mr. updike, that you live at the gateway. and you're familiar with that area very much. and i'm just wondering about -- well, first, can i ask you how long you've lived in the neighborhood? >> commissioner, i've lived in the neighborhood about 13 years now. >> chairwoman

resolutions passed by the board of supervisors that dedicated the funds for this project to the 732 pacific new asia restaurant project for affordable housing. i don't know how expansive and restrictive those requirements are. that would be something we would have to look at in conjunction with the city attorney. >> chairwoman: okay, thank you very much. i wanted everyone to get a

the majority of those fake deals were sent to banks and asia-pacific. global newss a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. let's go to hong kong for another check on the markets. what did futures hold? >> after asian stocks fell on wednesday, futures are pointing to a mixed start here. we have kiwi stocks gaining ground up one third of 1%. we could see politics remained a very much a focus given the indian elections are to kick off today. in australia, we see scott morrison facing a battle to gain a third term. he has called for a may 18 election. when it comes to stocks to watch, we are keeping an eye on rio tinto. the stock was downgraded on valuations. i also want to highlight whitehaven. also watching amcor which may move after the brazilian antitrust regulator approved the acquisition of another company without restrictions. board, crown rates -- remains on the radar. we did have the stock jumped a record 20% on tuesday. now that it is known to be on the market, tha

the vast majority of those fake deals were sent to banks in the asia-pacific. global newsurs a day, on , air and @tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. i am su keenan. yvonne: all right, su. let's check in on the markets and the movers we are seeing. focusing in on the auto sector, this is an ev maker, surging for a second day, up after reports that vw is exploring taking a significant stake in their ev partner. we are saying that is perhaps a good for the sector, as well, according to a is saying. they are saying this deal is positive for autos, because a lot of investors are worried now that perhaps foreign companies coming in and taking larger stakes, that a lot of these carmakers will become the second brilliance, which was first to sell -- forced to sell. but they say they have more buying power than brilliance, and they say this move will have a valuation cap when it comes to the likes of others, so something to watch out there. we will show you some other movers we are watching. tencent, trying to lift the

governments in the asia pacific region are unveiling new laws aimed at tackling the spread of "fake newst social—media platforms from being weaponized by terrorists and extremists. meanwhile, in singapore a bill that will allow the government to remove articles deemed to contain falsehoods has been introduced. it will require social media companies and news outlets to publish corrections alongside posts carrying false information. my colleague karishma vaswani has the details of the new legislation. the bill was tabled in parliament in singapore late last night and what it really is trying to address, according to the government is the issue of what they call on line falsehoods that are designed with malicious intent, particularly those in the areas of inciting religious and racial disharmony. this is a big problem for singapore because this isa problem for singapore because this is a country that has dependent on racial and religious harmony for decades. the government says it is trying to make sure that is not disrupted but they have taken a unique attempt at addressing this. instead o

center of american security out with a new report on drawbacks of the financial infrastructure and how to welcome them. we welcome one of the reporters from the asia-pacificy program at the center for new american security. he joins us from washington. it is understandable why anyone would want to do business with china given size and growth, but if you are the leader of a nation and china comes knocking, what is the main criteria those countries should be looking for to make sure they will get a fair deal? daniel: absolutely, thanks for having me. i would want to immediately understand the belt and road is a geopolitical vehicle for china to pursue its ambitions. i would ask things like, is this deal something that will uphold my sovereignty or undermine it? will it create debt or be financially sustainable? in myt corrode governance country? is it environmentally sustainable? and transparency, can we do a deal that is transparent or not? i would have questions around the world. we looked at 10 projects that were quite different and not one of them was problem free. joe: not one of them was. we have heard of several that have become bad, the local govern

paul: our top story this wednesday, asia-pacific stocks look set for gains after wall street closed at new highs, but there are warnings the rally may soon come to an end. texas instruments falls after warning the chip slump may drag on. demand is down across the board although 5g is a bright spot. and oil rising to a new 2019 high with saudi arabia said to be wary of raising output to offset the impact of u.s. sanctions on iran. paul: let's get you a quick check on markets. out a record high alongside the nasdaq as well, which is up 1.3%. we have some better than expected earnings from the likes of coca-cola, twitter, and hasbro, pushing the markets higher. some warning signs. the 14 day rsi pushing into overbought territory. let's see how we are shaking up -- shaping up for the markets in asia. sophie: asian markets set to join the u.s. with the earnings season upon us. we will get numbers. displaymotor and lg among the highlights. we are seeing the nzx 50 extending games. in sydney, we could see the asx 200 extending gains above 6300. we are going to see if energy stocks can help suppor

paul: our top story this wednesday, asia-pacific stocks look set for gains after wall street closed at newere are warnings the rally may soon come to an end. texas instruments falls after warning

asia—pacific markets. all of the read. thank you for watching. goodbye for now. you are watching bbc knuth. a reminder of our headlines now. —— bbc news.rest this money is outrageous and arbitrary. british mps voted to force the prime minister asked to ask for an extension to the brexit process. in a bid to avoid leaving the eu without a deal. the home secretary sajid javid has announced a compensation scheme for those affected by the windrush scandal, describing their treatment at the hands of the home office as ‘a terrible mistake that should never have happened'. some who arrived in the uk from the late 40s to early 70s, had been accused of not having the right paperwork. payments to those affected could add up to hundreds of millions of pounds. glenda caesar is one of them, and she's been talking to our home affairs correspondentjune kelly. i came to the uk as a baby of six months. i went to school, it was mostly about setting up a home for my children, working. so, i was british. as well as raising four children, glenda worked for the nhs for 20 years. but when she tried to get a uk passport, like so many windrush victims, she was

new money. three quarters of that was gathered in from asia-pacific.terms of sentiment, this is what he had to say. march,second half of market conditions and investor goodment changed for the both in absolute and relative to last year. so we had a strong finish of the quarter, which is now coming a little bit. that has changed dramatically. him if this was a conviction shift? he said no, this is just reapproach normalization. bear in mind you have this reprieve of equity markets. but we have got a long way to go. he's got a cost-cutting program, a buyback program. and what the market wants on a quarterly basis versus what is deliverable on the medium-term. we are access with quarterly reporting, where they have got to do on a medium-term is this, maybe i'm being generous. matt. manus, you talk to us earlier about ross mcewan leaving rbs. lead us through the significance of him stepping down from this bank you have been covered for so long. manus: ross mcewan made it very clear. he got given a very tough job to do. he has to turn around and make a prof

haidi: our top stories this tuesday, asia-pacific stocks facing declines after the rally ran out of steam in newto in focus as sydney opens. iron ore

haidi: our top stories this tuesday, asia-pacific stocks facing declines after the rally ran out of steam in new york. rio tinto in focus as sydney opens. missing shipments estimates. trade back in the headline. -- to allow president trump to claim a win ahead of the elections. tom: i am tom mackenzie at the shanghai auto show. bewon't be speaking -- will speaking to the ceo's of lamborghini, bentley, audi, and mclaren. stay with us. shery: a quick check of our markets. goldman sachs was the biggest loser on the dow after missing estimates on sales and trading revenue. 1.1%.w fell it did not help that energy shares were dragged down as the vti felt towards $63 a barrel. the s&p 500 did manage to stay above that 2900 level, which it lastd last week -- topped week. u.s. futures unchanged. let's see how we are shaping up for the asian markets. sophie: kicking it off, we have kiwi stocks looking to extend gains for a fourth session, but we are seeing the potential advance in tokyo take a breather after the topix closed at a december high as trade talks continue in d.c. aussie futures pointing to a s

notjust in asia—pacific, notjust in europe but they will consider any attacks in syria or iraq to be part of this newuch more lethal and lasting terror threat to the west and to the world than it was when they were lording over a territory the size of britain. and having to do everything that comes with the project of administration and governance. for the first time in more than 200 years, a japanese emperor is about to resign. on tuesday afternoon emperor akihito will enter a ceremonial room in the imperial palace and formally give up his throne. under japan's constitution emperor akihito is not allowed to retire, so the government had to pass a special one—off law to allow him to do so. as part of the celebrations for the imperial succession, japan's golden week holidays, usually a week—long, have been extended to ten days. mariko 0i been gauging the mood in tokyo. here on the streets of tokyo, there a sense of celebration, anticipation, and even a tinge of sadness, as the country enters a new imperial era. emperor akihito is a well respected and popular figure, so many are sad to see him step dow

notjust in the asia—pacific, notjust in europe that they will continue — may consider any attacks in syria or iraq to be part of this new make it much more lethal and lasting terror attack —— terror threat to the west and to the world than it was when they were lording over a territory the size of britain. so much information and analysis just britain. so much information and analysisjust in britain. so much information and analysis just in one answer. thank you very much indeed. let's get some of the day's other news. the head of boeing has been trying to defend the safety of the 737 max, saying he is sorry for the loss of life and saying the company has a duty to eliminate risk. dennis muilenburg was appearing in front of shareholders, just after it was revealed the us aviation regulator has received four phone calls from current and former boeing employees about the safety of the aircraft. indonesia's president has announced plans to relocate the capital city. jakarta is on the crowded main island ofjava and is plagued by flooding and subsidence. the new site apparently has yet to be chosen. 38 people are now known t

with another site very close by in chinatown, at 772 pacific, which just a few years pryin prior to that the city acquired, and that's the new asiaor affordable housing, but lacks funds to move forward at this point. so we saw an opportunity to move forward with a market-rate housing development here at 530 sampson, affect, through a developer proposal, affect a replacement of the statement, and then use proceeds from the sale and the inclusionery package. a creative package that supervisor peskin and others chothers championed in 2. that brings us to today. working collaboratively with chief hayes-white, here staff, and i want to thank you assistant deputy chief rivera, and incoming chief nicholson for their help since i returned in october. and we put together what were the requirements from the fire department, what did the fire department need to get out of any potential development here? and also working with the planning department, what are the potentials for housing? so the prospectus was issued in january. and bids were due march 1. we received four proposals on march 1. we convened a team of city experts, including many

juliette: we are seeing stocks at fresh six-month highs, the msci asia-pacific with a strong handle, the sensex continuing on a record run. newland stocks have come off their record run, there was a big drop in milk prices and their home price inflation is up. but where you are seeing momentum is hong kong and china on these frustrated hopes, particularly in chinese shipping companies, in hopes that this potential deal could open up more ports and allow more shipping routes to come through. japan in late trade up about 1%. looking at the asian session, you see a big jump in the number of casinos. the macau casino revenue very much in focus in hong kong, goldman upgrading this stock to a buy from neutral. also in focus after some strong sales numbers coming through is this company, there is a report saying that they will increase in their staff pay for the spring. we did have reach sales in , andalia for february down one retailer having a downgrade from morningstar. that is look like investors are selling that stock. nejra: juliette saly in singapore, thank you so much. theresa may is turning to the labor opposition party in

asia pacific. hong kong on a bit of a struggle bus here. we are failing to stay above that 30,000 level. also, some newssellers are coming back into the market, suggesting that the rally cannot sustain itself. pretty much flat for the hang seng. lunch break, the you are at a positive note. the boj decision could be happening in the next hour or so. take a look across the border when it comes to korea. it is still that gdp miss weighing down when it comes to korea. taiwan pretty much flat. it is not just boj day, also bank of indonesia decision they. economists saying they don't expect any moves from bank indonesia, but they are acting this political -- expecting that since this political election is behind us, we can expect a path of easing. to jpi, the biggest loser this point. it is the king dollar story weighing a lot on the em markets. rupiah some of the biggest losers. we take a look at some other movers. take a look at the belt and road initiative. that is happening in beijing. talking a little bit about the sustainability of the project. management of the risks when it comes to debt. the economy

asia-pacific threat. >> yes. we need to make sure we have the appropriate resources. again with the cancellation of the harry truman what are the implications for the new force structure since there will be in terms of aircraft carrier levels in the asia-pacific area? >> the structure assessment with any preconceived -- it will do a model typically the model is unrestrained front which comes up with a large number for all ship classes then we apply operating guidance where we might take risks to models and we get the number down to what we think is the right level. from there there is a number for each ship class and when you add them up the number is 355. where the other one goes i don't expect it to be a smaller number but each one of those ship lines attributes to that and will likely change to some degree. >> ultimately to be disclosed in the classified setting? >> the analysis is the classified discussion on how we got there but when we end up similar to the components that make that up that would be a classified number. >> senator in your prepared testimony indicates operations in a contested environment means the navy's logistics will have to --

asia-pacific region also sent investors scurrying. cat down $3.80 a share. >>> up next, at exactly this time yesterday, "countdown" broke the news that google's drone units now become the first to get faa approval to deliver product to customers but how will they do it? we have just frozen the video. the package is attached to the bottom of that drone. when we come back, we will show you the ingenius delivery system google's brain trust devised and what it means for the drone industry, next on "countdown." i'm working to make each day a little sweeter. ♪ to give every idea the perfect soundtrack. ♪ to make each journey more elegant. at adp we're designing a better way to work, so you can achieve what you're working for. that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) the day we'll finally g

asia-pacific and china regions. that is double the estimate. it shows a lot of changes instituted by the new ceo have paid off. i different story for 3m, which sank 13%. the worst one-day loss since black friday in 1987. they are cutting their outlook and blaming china for that. it is a story that has a lot to do with the manufacturing sector. stumblehe manufacturer is restructuring efforts. weakness in automotive and electronics. there was some pretty exciting action after hours, both hits and misses. it was the size of the moves that was quite outstanding. su: you can tell when you see these big moves that it will be the story, at least for the start of friday training. let's go to the big board and take a look at those. we heard about amazon earlier. intel a disappointment. we're seeing that drag nvidia and amd down. the chip sector has been closely watched because of its large jump in 2018. it stumbled a bit in 2019, so this will be a blow. ford and mattel are turnaround stories. the story would intel, they slashed forecasts amid a decline in data center sales. server chip revenue dropped after years of ro

. >> the asia-pacific governments are stepping up the drive to fight hate speech and extremism on social media. toughlia is introducing newnt the weaponization of online platform like live streaming's of shootings. singapore is drawing up new regulations to combat the spread of fake news. >> looking at aramco, the world's biggest oil producer getting fixed ratings, a plus. >> it is the first assessment of the credit quality as it prepares for the international bond offering. let's get to our asian energy reporter to start, let's start with this rating coming nearly four decades after aramco was nationalized. what to did we learn? what is new that we now know about the company? >> we are learning a lot about it. aramco is a black box in the oil industry, the biggest producer in the world, but a lot of people don't really know about how much money they make, what their daily operations are. we learned it is the most profitable company in the world, earnings before taxes, $224 billion in 2018. that is almost three times as much as apple and four times as much as shell. a lot of that comes from it's really low-cost in terms o

asia-pacific region. kirk reiterating its previous -- coke reiterating its previous guidance that earnings would be essentially flat this year. global newsair and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. reason whyppears the coca-cola keep saying it will be flat is because of currency issues. the strong dollar and geopolitical issues. 2% growth, that the 7% in asia-pacific, that is a big number. alix: in terms of the margin. there was strong underlying margin expansion but that was offset by the fx headwinds. that is permeating as well. they bought costa which is not clicked in yet. alix: so much for that earnings recession. is it lobar or genuine beats? we will be speaking on bloomberg markets with the ceo of coca-cola. also one of the companies reporting first-quarter results. tech in the spotlight. taylor riggs has more. taylor: it is all in the spotlight. shares up 6% in premarket. all dailyose monetize active users are coming in higher than estimates that about 134 million and forward guidance for the second quarter came in light by $20

asia-pacific. how much of that conflict is that? i heard in discussions about the army's new rollout of their tt program. the discussion about pay, we want our soldiers to be capable of conducting the korea mission from 1950, which makes sense. korea is one you look at all the time but were not investing in technologies represent that same type of conflict. what we want right now is we want our soldiers to be extraordinarily physically fit and be able to operate all these up-to-date technologies that are extraordinary complex. i think the reality is there's got to be some give-and-take, especially if what we're talking about is accomplished when we will have to mobilize forces they can't all be high-tech, high physical fitness standards. we're going to have to figure out what we're going to get and what we really value. it really depends on what type of conflict we think were going to opt into the waste liquid to fight them. right now we are investing in technologies, technologies and conflicts that are more long-distance. because of that i think we can't apply all the same s

we have an equity mind set at new london, to make sure if you're a female cadet, if you're an african-american cadet, hispanic, asia-pacific, you have the same opportunities toacademy through other interests. the environment isn't racing at all and that has the enterprise, coast guard headquarters commitment, my personal commitment, the superintendent's commitment and i look forward to changing the narrative around that. i'd like the academy to be the most inclusive. it is a tremendous institution. we have to make sure we're working inside the fence line and we have to work on the narrative and national perception outside the fence line. with err 40% female in the cadet corps, that is fantastic. if you go up there female cadets are in leadership, the regimental commander is a female doing great things. you have my full commitment to this situation. >> thank you. and i think you suggested and commit that had there would be some kind of town halls or public events that would give you or others in the coast guard an opportunity to voice some of the positions that you have just taken. >> senator, we are working here with the l

asia-pacific index. japan leading the declines, overall a risk-off sentiment in the market reflected as well in the 10 year treasury yields, lower by a couple of basis points breaking newse european region, third quarter pernaultor ricard, raising its four-year recurring operating profit goal to the range top. it has seen the profitable grow to about 8%. that is what we are seeing on the outlook, that is what the market will focus on. manus: a big collaboration coming in, this is forward and an engine producer, mahin they will codevelop adra, midsize suv in india, going for the midsize specifically for the emerging market. if it was ever a story that encapsulated the rise and the ascendance of the middle class within the emergent stock market, this is the product that will meet that. the suv will have common mahindra products platform, a combination of technology in terms of delivery. we will keep an eye on that. taiwan semiconductor's, this is the benchmark, really, for global growth and global demand. --wan said mccumber dr. taiwan semiconductor with a miss on net income. 54.4 billion dollars, the markets were looking for 54.6. , the is a top live go first quarter net

asia pacific communications before that. and he held a number of jobs at microsoft. so two very experienced newjoining the team as facebook deals with a range of different issues facebook shares up about 1.7% today. back over to you >> julia, so a new vp of global coms what happened to sir nick clegg, the former uk deputy pm? didn't he take that role >> this person john pinnet is replacing someone named karen maroony, who's a long-time facebook executive and karen works with nick clegg. this is not replacing clegg but adding to his team of executives and very interesting here, wilf, that they're not picking another executive from another silicon valley startup they're going with someone with a lot of experience. and some people a lot of experience dealing with a very big tech name bill gates, who we've discussed as being an ooild of mark zuckerberg's >> kevin, i want to get your reaction to this is this too little too late? >> i don't think so. the fact there's been so much media scrutiny on facebook a name i own, i just look at this 2019 the next six months of how much my companies are spendin

our top stories, asia-pacific stocks are set for a muted open after the latest corporate earnings did little to boost their wall street peers. the u.s. and china checking dates for new top level signing ceremony could happen in may. shery: tepco we looks on course for victory after this jci stock rally extended, live in jakarta. let's go to hong kong for a check of the markets that are trading now. south korea, japan and australia online. sophie: in tokyo we are seeing the topix and the nikkei gaining ground while the yen is holding lowdy, near a four-month against the dollar with 10 year bond yields near the zero level. checking in on the kospi, we are seeing the benchmark higher .1% after faltering on wednesday to day rally. a 13 seeing the benchmark resume gains. --ad of the u.k. decision bok decision we have the korean won firming up .2%. bond yields, there could be impetus for moves for korean bonds if we could -- if we should see dovish tilt from the bank of korea. the asx is off .2%. we have had updates from fortescue and energy producers with petroleum and south32. we are seeing the aussie dollar going lower ahead of the jobs report and aussie bonds shruggin

demographic specialist but do you see new opportunities from that community in terms of what they can interject into our conversation, into our thinking. we've had a big asia pacific rebalance since president obama's time. we're trying to recognize we're more of a pacific nation. laura has said maybe we're going to be a little less euro centric in the future. do you sense that the broader community is going to inject some new ideas into our foreign policy as well and in some ways affect our asia policy, or is it more focused on being part of this country and we shouldn't look to asian american communities for ideas. >> asian americans are a huge group that varies socioeconomically, educationally as well as culturely. the issue with asian americans is they're the model minority without taking into account all of the various different experiences. i think that the asian american communities are getting much mo more, as an observer, getting more involved into civic organizations and business organizations or neighborhood organizations to try to inject a voice into u.s. politics. my perspective is also i found this conversation about her comment about her students not

new 52-week high just today. back over to you >> kate, what was that china growth up 3% you said >> yes 3% comps in china. specifically china asia pacific for the quarter, and that's a beat. >> okay. kate, thanks very much for that. mike, a key focus of course for starbucks always has been but with luckin coffee as well pushing ahead pretty fast there. it's impressive they continue to grow >> past two quarters especially because i did think there woos a little bit of a psychology many overhang about that. starbucks as a stock has traded as this almost near fang status, there's these global brands like nike like starbucks that have this ability up about 30% over the last year because they are seen to be kind of zurnl in being able to go in the environment. interesting it's up on this report because it wasn't a blowout. it was incrementally better than expected >> and it was a high bar because it had run up. euro monitor put out a report. last year starbucks had 50% market share of the china coffee market luckin yes is coming up hot on the heels. but very small i think the second one, second closest is mcdonald's with 5%. >> and the real