the upside really not bad at all, rish.ad: i guess i want to ask who is driving this property boom? is it he will mements -- elements within indonesia or people from abroad too? >> well, both. overseas and local investors. singapore's world fund has been pumping in money. g.i.c. and its partner both invested millions in property projects in indonesia. and indonesia's own state pension agencies have also been buying placing bets on affordable housing. demand from low-income workers is expected to rise fivefold. planning to spend $400 million in the next four years to boost infrastructure. sump projects will support the property boom. people will pay to stay in areas with better infrastructure like public transportation. so you can see why indonesia's property market is so hot right now, rish? rishaad: thanks very much for that. that is of course haslinda amin joining us from singapore. other news palm oil hurt by falling prices. they will impose a levy on palm oil. industrial production expected to climb there. it is estimat

back to you, rish. rishaad: thank you very much.day edition of "trending business." it is "asia edge" coming up. hsbc cohead of asian economics. ♪ rishaad: it is the middle of the asian trading day. this is "asia edge." a look at our top stories this hour. china's exports surprise, an unexpected fall in shipments could push beijing towards joining the currency wars. when china sneezes, its neighbors catch a cold. and, a monday hangover. asian shares break their longest winning streak in a year. angie: i'm angie lau. also coming up, in the race. hillary clinton releases of video confirming she is taking a second tilt at the white house. whodunit? a massive hacking campaign is revealed, targeting southeast asian governments and businesses. and, losing the plot. almost half the new season of "game of thrones" leaks online, meaning millions of illegal downloads. all that and more in this edition of "asia edge." exports way below expectations. christine is in beijing with the details. we were expecting growth of 8%. instead, we got this

tom: it is a big downside surprise rish. i think there's a couple factors at work.ly, other currencies have been depreciating quite sharply. the korean won, the japanese yen, that means that chinese goods are looking relatively expensive. what we could be seeing is that starting to have a big impact on china's export numbers. the second factor, i think, is that the global recovery is looking lackluster. the bright spot was the u.s. but the numbers out of the u.s. have been getting progressively weaker. i think it is that combination of a strong yuan impacting competitiveness and weak demand, including questions about demand from the u.s., dragging down china's export numbers. rishaad: is it really as bad as these numbers seem to suggest? tom: there's a lot of volatility in china's trade data rish, and a lot of factors beyond the strength of actual overseas sales that we have to take account of. on the export side, one of the issues is over invoicing by china's factories. factories over invoicing as a way of circumventing capital controls and bringing cash into the c

. >>> a rish shan jet accused of enter septembering an u.s. airplane. well tell you what happened. i love making sunday dinners. but when my back hurt, cooking all day... forget about it. tylenol was ok, but it was 6 pills a day. but aleve is just 2 pills all day. and now, i'm back! aleve. does all greek yogurt have to be thick? does it all have to be the same? not with new light and fluffy yoplait greek 100 whips! let's whip up the rules of greek! >>> we're still waiting for hillary clinton's expected announcement that she is jumping into the race for the white house. former secretary of state expected to have a bit of a different strategy than 2008. her announcement coming in the form of a video and then expected to head off to iowa and new hampshire to campaign. carbon based american life form in this planet anytime in the last generation, you already know all about hillary. >>> and the united states complaining to moscow after a russian fighter jet intercepted a u.s. plane in an unsafe and unproceu unprofessional miles an hour. the russian fighter jet used x fast aggressive man

at least three americans have died in this. 2,500 -- more than 2,500 people have per rished.want to help, always go to cnn.com impact or tweet bred rica and i and we will try to get to you the right spot for help. people i spoke to a survivor earlier, we had her on our air at 3 p.m., she was saying that you know, she has been through earthquakes before but she is still terrified. she has been huddled in a tent. they need food, they need water, they need everything they can get. >> lots of aftershocks still. >> still. we had a very strong one earlier today. and she says she is terrified, even when the ground stops shaking, they have that feeling that it's still shaking because it's been happening so often. >> all right, thanks so much nick valencia appreciate that much more on the newsroom right after this. people ship all kinds of things. but what if that thing is a few hundred thousand doses of flu vaccine. that need to be kept at 41 degrees. while being shipped to a country where it's 90 degrees. in the shade. sound hard? yeah. does that mean people in laos shouldn't get th

religious freedom, religious freedom is freedom including the freedom to be irrational, completely ear rish nl which is why this physician law is redundant and any laws against discrimination are immoral. >> lisa, let's say we have a intellectual conversation. if jonathan is right maybe things are happening the way they should with respect to this. a pizza owner says i don't want to cater a gay wedding and the backlash being people who don't want to do business with the pizza owner who won't cater a gay wedding bring their business elsewhere. >> you know, look and that's their choice, but here is the thing, the fact of the matter is that the law itself is being distorted by the liberal left and it's being distorted by the media. if you look with the religious freedom act has been in place for, you know -- or, sorry, the rfra has been in place for 20 years and never has it been used to circumvent civil rights law, they ever has it been used as an exemption an an ex ervgs empgs from discrimination law successfully successfully. what it set in place is to protect individuals like a native pres

it is part of a rish shuffle as he consolidates power after taking the throne in january. st. mary's has refused a legal case brought against the ceo in egypt. the ceo sent a statement he had nothing to do with the allegations relating to a deal back in 2001. an ejection court sentenced the sainsbury's ceo to two years in jail. the trader arrested last week for his alleged role in the flash crash will appear this morning for a hearing relating to his bail. he has been in custody and will remain there until the bail is paid. let's talk barclays. the british bank came up with results in line with estimates. the news came across the bloomberg terminal. profit is one thing. litigation of another. let's start with legal costs. >> legal costs. what we have got is provisions. the figure we are dealing with is foreign exchange and regulation. an additional 800 million pounds for setting the foreign exchange investigations. they haven't settled, have they? barclays has not. i think that is what the market has focused on. another 150 million pounds goes into what we call payment protect

rish marked expects profits to fall by 36%.ck is down 1% due to losses of financial instruments. volvo has named a new ceo. the swedish truck maker is trading up. a change at the top of rolls-royce. the company has named worn east -- warren east as his new executive. navinder sarao was arrested over the last 24 hours on charges of wire fraud, commodities fraud, and market manipulation. he is being accused of contributing to the 2010 flash crash. he is due to appear at a next tradition hearing over whether he could be sent to the u.s. to face those charges. ryan chilcote is live. what exactly has he been accused of doing? give me the scoop on that day. ryan: effectively, u.s. prosecutors say navinder sarao was engaged in illegal trading. they say that he was doing something called spoof and layering, or putting in trades orders with no intention to actually fill them and can't slay them -- and canceling them in order to push prices in a direction that is advantageous to his trading strategy. it is a legal -- it is illegal. they'

for such a small andive pof rished country, haiti has been very valuable mineral deposits.nding on top of what could one day be an open pit gold and silver mine. estimates are there could be as much as $150 million of ore in these hills. it's been 50 years they've given out permits for open mines, but when they did in 2012 guess who got it. >> it was based out of north carolina that had little experience in mining to begin with. this was a potentially, very lucrative concession. >> so why was this particular company given such a prize concession? peter schweitzer thinks he knows. and it has something to do with hillary clinton's brother. >> tony rodham meets the executives from dcs mining in september of 2012 at a clinton global initiative seminar. three months later, the haitian government grants the gold exploitation permit. literally, within the year, tony rodham is placed on the board of dcs mining. tony rodham has no background in haiti and no background in mining. it begs credulity. >> rodham did not return our phone calls. they maintain there is no connection between

. >> great guy and we rish himwick himwish him the best. >>> there a live view of capitol hill. no rain here yet. we do have downpours to the west of the metro area. this will track into the metro area around 8:00 this morning. right now northern suburbs, farther north and west, just getting a few scattered sprinkles there. at the bus stop this morning, have the umbrella ready. blustery balmy, in the low 60s and showers moving through between 7:00 and 9:00. temperatures by 9:00 will be in the mid-60s. so have the umbrella handy. you'll also be maybe needs rain boots as you may be leaping over puddles. a look at the hour by hour storm timing next weather and traffic on the 1s. how is the friday commute? >>> not so bad. threat froe delay earlier, green line no longer single tracking. so of course. and then silver him road at swann road emergency road work one lane blocked in each direction. taking a look at travel time 270 south to the beltway, no problems. outer loop top of the beltway move along nicely. 66 95 everything nice and on time. perhaps a lot of people off on this good

. >> today in the hospital rish icannal said he had been banging loudly on the rubble before rescuers finally responded. almost four days with nothing to eat or drink. it's the rural areas that have been the hardest hit. rescue helicopters flying nonstop evacuating the wounded to hospitals. today we visited the small town of sanku where around 100 people died and block after block of the beautiful old homes destroyed and families salvaging what they can from the debris. it sounds like you can appreciate the full extent of the destruction from this earthquake. elsewhere, there are pockets of devastation, but here it's block after block, entire houses delved on the left, on the right and then you go down streets like this one and all you can see is ruin. the death toll is now over 5,000, but the government warning it could double. among the dead four americans. the embassy telling abc news today hundreds more are unaccounted for. in the capital, clashes with police over the lack of food and water while thousands of others try to flee, afraid of aftershocks. >> foreign aid is coming, but

liz: arkansas lawmakers proposed a rishes freedom restoration act which resulted in a major uproar, from corporations including the state's largest employer, walmart. rich edson has the latest. you saw sending a letter to indiana's governor saying do not do this lauchl it's not a good one. >> reporter: the backlash from the business community in the case of indiana and arkansas is somewhat monumental here, moving governments to change policies, certainly moving governors in that direction, inciting conversations with businesses and opposition from his own son. asa hutchinson is refusing to sign the law. asking lawmakers to narrow its reach. supports or say the law protects businesses against violations of religious beliefs. opponents say it gives businesses the ability to claim religious opposition in denying service. the white house has jumped on this issue. >> that law could justifiably or could be used to justify discriminating against individuals because of who they love, and that certainly is not consistent with the values that the vast majority of americans subscribe to, and i thin

rish is here. rishaad: the least surprising political statement and living memory.ecret ever. rishaad: going viral. markets are up. the hong kong rally. plus, the gains of last week. and "game of thrones" is being linked online. -- leaked online. it is on hbo. angie: millions got an advance preview. thank you for watching "first up ," "trending business" is next. ♪ rishaad: it is a monday, the 13th of april. i am rishaad salamat. this is "trending business." ♪ rishaad: live in sydney and beijing. kongsh bets on hong reaching a record high. surging to a world beating rally. hillary and in the suspense and announcing her second attempt to be p

volatility rish a 3.5 year high.s ago, the red circle, 7.1%. -- the volatility reached a 3.5 year high. the price swing and sterling against the dollar is on the -- of 16 major currencies. -- on the batch of 16 major currencies. this is the pound of versus a back at -- basket of nine other currencies known as the pound, bloomberg correlation weighted currency index. since reaching a 5.5 year high on march 10, that is the pink circle, the pound has fallen by 2.6%. march's 1.6 decline was the biggest since 2013. the reason why is the polls in the u.k. are still showing the two major parties are tied at about 35% of the vote of peas. not enough for an overall majority. that uncertainty means near-term risk for sterling are to the downside according to the senior forex strategy. she said at the pound will fall to 1.42 by the end of the second quarter. after that, she said sterling will recover and economic news and the likelihood of the bank of england normalizing monetary policy support although currency. one is more be

i'll ask senator james rish about all of that a leading member of the foreign relations and intelligencend analysts are also standing by with all the news that's breaking right now. first, let's go to our chief national security correspondent, jim sciutto, with the latest. >> tonight u.s. officials extremely concerned, it was a bold attack on one of the most secure facilities one of the most secure cities in one of the most secure parts of iraq. there's evidence tonight it could have been a complex operation. a small explosion, possibly a diversion, followed by a car bomb followed by what seemed to be an armed assault. eye witnesses reporting an hour-long gun battle. a blast in northern iraq the target? america. a car bomb exploding near the gates of the u.s. consulate in erbil, sending u.s. personnel running for cover. >> at 10:44 a.m. the duck-and-cover protocol was activated at the u.s. consulate. all chief mission personnel have been accounted for. there's no reports of injuries to personnel or the local guards. >> on twitter, isis quickly claimed responsibility for the attack confir