i am rosalind chin.r global tour of the week's top stories in europe, where the new head of the european commission rolled out an ambitious plan to combat the climate crisis. >> ursula von der leyen will present her green deal in brussels today, including a timeline for various laws to be put forward between now and the end of her term. what do we expect today? >> this could potentially be huge. we are talking about a green deal that could change the way many industries in europe operate. we know she has said said she wants to make europe climate neutral by 2050. the goal is ambitious. the deadline is tight. it could change many aspects of the european economy, the way carbon is priced, the way some of the taxation is being implemented, and she has also promised one trillion euros to pay for this. she is going to need public investment and also companies, european companies to play along , and that is really the question at this point. already there is pushback from a number of industries. this is not go

nejra: rosalind chin in hong kong.oming up, japan takes the lead after a treasury department unveils the biggest holders of u.s. debt. this is bloomberg. ♪ manus: this is "bloomberg daybreak: europe." nejra: let's focus on the world's most indebted government. japan is increasing its lead over china in u.s. treasuries. here's dani burger. dani: you thought china hold a lot of you'd asked at, budget -- u.s. debt, but japan overtook china as the biggest holder of u.s. debt, and it keeps extending that lead. this chart is remarkable because -- one point $17 trillion in japan's holding of u.s. treasuries despite the fact jgb's are creeping back toward zero but it shows you how when we have a world with growing negative piles of debt, the u.s. is still the most favorite place in offering the best yields in developed nations. and you look at china, we saw their holdings fall to a 2017 low so a little give and take but for now, japan is still holding supreme in terms of the biggest holdings of u.s. treasuries. manus: lovely c

i am rosalind chin, this is bloomberg. rishaad: some signs of optimism, even as aging in washington continued their trade talks. last hour, the manufacturing pmi came in at the highest levels on record of this particular series. 51.8 was the figure. in the -- david: meantime, you have the official numbers over 50, indicating an expansion in terms of the outlook and improving when it comes to the data. rishaad: our chief asia economic correspondent is with us right now. mean?o these numbers enda: i don't think we are here yet. it does make a positive headline. after months of damning news, the pmi is now headed in the right direction. i guess the reason to pause is that there is some seasonal affect behind it. exporters in and the key holiday shopping season, holidayad the chinese in october. those are reasons not to get too excited about this number. what we saw in china's pmi has also spilled over to the rest of the region and has been a pump -- a bump. south japan and taiwan. it is certainly a positive take. signednot ye

let's check in on the first word headlines to get you the full picture with rosalind chin. year-old man has been arraigned for attempted murder after stabbing someone during a celebration of tonic on saturday night. anrew cuomo described it as act of domestic terrorism. againstt to unite anti-semitism after multiple incidents in the jewish community in recent weeks. president trump is facing criticism from political opponents, and from reporters for retreating a social media post that named the alledge thetleblower triggered complaint that triggered his impeachment. it is breaking laws on protecting whistleblowers in the intelligence community's and informants having retaliation. the u.s. has launched air strikes in iraq and syria on bases near the border that they say are being used by an iranian backed militia. mike pompeo said there are repeated attacks against coalition troops. the president said iran must stop attacking u.s. coalition forces and expects sovereignty to prevent additional military action. a today, what we did was take decisive response that makes clear wh

i am rosalind chin. this is bloomberg. ♪ beyond the routine checkups.not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] ♪ >> i am in san francisco in for emily challenge. this is "bloomberg technology." coming up, tech stocks on the move. the u.s. and china agree to that ne of a trade deal includes splectwal property. simmering tensions. continuing to floor

rosalind chin in macau. thank you for joining us.irst word news with jessica summers. jessica. the newgo -- jessica: governor of the bank of england onexpected to be named friday. andrew bigley is the current favorite. the process to find a successor to mark carney was delayed by the political turmoil around brexit and the snap general election. central banks in asia stayed on hold but sweden's riksbank swimming against the tide and ending half a decade of negative rates. bank indonesia kept its key rate unchanged for a second straight month, saying the economy and exports will rebound in 2020. the boj also held as expected with governor haruhiko kuroda echoing the more optimistic tone of his colleagues at the fed and the ecb. >> i think the government's economic policy and stimulus and theis appropriate synergy effects of the fiscal package and the bank of japan are significant. i see this as a positive policy mix. jessica: the indian government has banned public protest and shut down communications and the internet in some areas as

headlinesfirst word with rosalind chin. saide u.s. china are to be moving closer to a trade deal despite heightened tensions over hong kong. the two sides are nearing an agreement on the amount of tariffs that would be rolled back. president trump austria's comments -- president trump's comments about waiting till the election. democratic president will candidate elizabeth warren said the u.s. economy is to geared toward big corporations and rich people. the so-called wealth tax is a solution to helping this country invest in the middle class. >> i believe in capitalism but markets without rules are theft. part of those rules are that everybody supposed to pay a fair share on taxes so we can reinvested an opportunity for all of our kids. that is what a to send wealth tax is about for me. -- two sent while tax is about for me. >> subsidies for utility bills as well as waivers on corporate property tax breaks. it amounts to more than 3 billion u.s. dollars. the decision to step back from boostg alphabet brought a -- a retirement boost.

paul: that was rosalind chin in hong kong. president trump is facing criticism from what the opponents. complaint triggered the congressional inquiry that resulted in his impeachment this month. let's get the details on this from rust resume. what do we know about why the president decided to name the alleged whistleblower -- whistleblower? >> it seems like something president trump has been warming up to over the last several months. he has tweeted about it whistleblower dozens of times, maybe 100 times just in the last few days. to aursday he had a link conservative new site. if somebody click on the story -- clicked on this story that he linked to, it would have said the whistleblower name. he goes that he deserves to meet this man or woman and has set out to discredit the alleged whistleblower. it seems like he is still angry about the role that this person played in his impeachment and unmask them.o >> is this even legal? >> that is a good question. believe the trump broke not one but two laws. one of the key jobs of the

i am rosalind chin and this is bloomberg's best.he most important business news and analysis from bloomberg television around the world. it starts with a day by day look at the top headlines. another week began without a trade deal between the u.s. and china. fresh data released show the trade balance shifting between the two superpowers. >> china's exports fell last month as global demand continues remainsand a trade deal tantalizingly out of reach. what are the key takeaways from what has happened with the trade data when it comes to the trade deal? >> it is a reminder of how punishing these tariffs have been on china's manufacturing sector. we have had that highlighted again with the data. exports overall from china, falling 1.1 percent. to the u.s., experts were down 23%. that was the 12th straight monthly decline. the expectation has been that retailers and companies would be loading up on goods from china ahead of the shopping season. that does not seem to have played out. rosalind: bloomberg reporting effects. tariffs taking

thanks, rosalind chin in macau.hings to look ahead to on both brexit and president xi's visit to macau. the subzero experiment is over. at least, the experiment is over in sweden. the riksbank became the first of central bank to get out of a negative right environment. the governor downplayed the growth outlook, instead focusing on the harmful effects of negative policy. despite that warning, the markets expect most central banks to continue the downward trend into 2020. in terms of where we are on the global rates conversation, the market is expecting up to -- upturns from big markets on -- isn'trates expecting upturns from big markets on interest rates anytime soon. george buckley is still with us. we make a big deal of moving away from the negative rates environment in this region as if this is some sort of turning of the tide. global expectations is that we were have -- we will have more accommodative policy in 2020 than we do now. george: that's right. 0.5% depot, we have - rates. they are still talking about t

for more on the protest, rosalind chin joins us from macau. great to have you with us. s the latest? rosalind: he doesn't think that the large-scale protests -- he thinks that smaller ones may still breakout. he also said that carrie lam's administration is not willing to cede to the protester demands. havef these protesters been a bit headache for beijing. xi jinping has in macau to mark the 20th anniversary of the handover back to chinese rule. executive.ef the macau situation is very different to the one in hong kong. macau has been politically stable compared to hong kong. the other two chief executives ran for 10 years he -- each. it has been stable compared to hong kong. emphasizingas been praise on macau for being the shining example of how beijing systeme one country, two as running. he did say, he is stressing macau to diversify away from gaming. that has been a concern for beijing authorities for some time. he said that they will not allow foreign interference in hong kong and macau affairs. underlying the issue they see in hong kong as foreign influences. real

let's turn to rosalind chin. we has in the government put in effect four rounds of stimulus measures. can we expect them to do more? that he willsaid unveil some measures to support business and revive the economy in hong kong. there are external factors as well with the trade were going on between china and the u.s. not helping the situation. hong kong has been contracting for the last three quarters. it does not look like it will get any better than the forecast. it is inevitable that the economy will continue negative growth in the fourth quarter. that has been hit by retail sales and the number of tourists. there was a big posing retail sales. -- fall in record retail sales. mainland visitors accounted for 76% of total visitors. those fell 46% year-over-year in october. the hong kong government says the protests did a severe blow to the economy. it has been weakened by economic slowdown and u.s. china trade tensions. were worse numbers than expected in exports and imports. it is not expecting a great number f