rodrigo duterte said he will not let lawmakers block his plans.ppines watchers say that winning the election will be in comparison to bringing substance to his promises. for more stories, visit bloomberg.com. ahead, christie's 250 anniversary sale set a new nearly, it sold everything. we will show you the highlights next. this is bloomberg. vonnie: this is "bloomberg markets." mark: this is bloomberg television. this time last week, markets were reeling from the uk's vote to leave the european union. here is a look back at the week that was. jonathan: we are waking up to a new reality. it is brexit. mark: financials are front and center. cameron: the british people have made a clear decision to take a different path and as such i think the country requires fresh leadership to take it in this direction. mark: what we're seeing is the yield.- ten year >> we're meeting after a very painful and regrettable decision of the citizens of great britain to leave the eu. decision.ect this it will have to be sorted through in their consequences. >> if we don'

he expressed his support for rodrigo duterte's plan to expedite discussions with china on tensions over the south china sea. duterte indicated in the meeting such talks should be based on a recent ruling by an arbitration tribunal. the july 12th ruling rejected beijing's claims over almost all of the south china sea and ruled in favor of manila. kerry spoke with the philippine foreign secretary about the issue. >> we have made clear that the decision of the tribunal convened under the u.n. law of the sea convention is legally binding. and that we expect that the parties would comply with their obligations under law. >> we will continue our consultations and engagements with them on a way forward with our national interests paramount and with full consideration for the award from the tribunal. >> duterte wants to send an envoy to china to start bilateral negotiations. china is also hoping to hold talks with the philippines but stresses it will not take part if they are based on the tribunal's ruling. the chairman's statement released after the asean regional forum makes no mention of the

. >>> new philippine president rodrigo duterte has delivered his first state of the nation address. he briefly referred to the ruling but did not present any concrete plans for talks with beijing. >> we strongly affirm and respect the outcome of the case before the permanent court of arbitration. it's an important contribution to the ongoing efforts to pursue a peaceful resolution and management of our disputes. >> the philippines filed the case in 2013 with the arbitration tribunal in the hague. duterte wants to send an envoy to china to start bilateral negotiations, but china stresses it will not accept any talks based on the tribunal ruling. the foreign ministers of china and north korea have held talks on the sidelines of the meeting of the association of southeast asian nations in laos. it was the first bilateral meeting of its kind in nearly two years. chinese foreign minister wang yi met on monday with his north korean counterpart ri yong ho. ri assumed his post in may. the meeting lasted about 50 minutes. china's foreign ministry said wang told yi that beijing remains commit

china has also said that it the area.aten in the philippines, president rodrigo duterte declared a unilateralsefire with communist rebels that have fought the government since 1968. the insurgency began in 1968 and has claimed more than 40,000 lives. >> when we extol the bravery and , they dof our soldiers the same for their members and fighters. i feel their pain and their grief. amy: the group that will represent the rebels in the negotiations say they will -- gloria arroyo has returned after five years in prison. the supreme court has s cleared heher of charges. peoplesia, hundreds of protested against an amnesty law for public officials and state employees charged with corruption. parliamentary debate is expected to begin today. that many of the return to these bills would return to the rule before 2011. those are some of the headlines. this is democracy now, democracynow.org, breaking with convention: war, peace and the presidency. i'm amy goodman. juanan: and i'm want gonzales. welcome to our old -- to all our viewers s around the world. it has been tumultuous 24 hours here at the openi