selina wang in beijing.e federal reserve's most outspoken policy doves says it's not clear how many more rate cuts are needed to support the economy. minneapolis fed resident said business investment is slowing, the global economy is slowing and inflation is coming in below target. we should be supporting the economy, not tapping breaks. he is a dove to end all doves. as long as the consumer remains , there is no need to add additional accommodation. we have a lot of fractional iced -- fractional fed. what do you make of the comments in the last 24 hours? saed: i think the very conscience -- conscious. -- there is seems some reservation but we have to see what powell says. that will guide us. the risk is that powell backs off. horrible.s were not always say it is part of the cycle or transitory but we will have to see what powell says. manus: you say he missed a chance yesterday? saed: yes, he missed a chance to clarify because clarification is needed. usually he will give us three or four or five chances wi

selina wang joins us. what has changed?elina: what we are hearing from sources about china is it is west -- less willing to discuss these issues that have been long-standing issues on the part of the united states including around subsidies and china's industrial policy and once to look at a more limited set of topics. it means those substantial issues are not going to be put on the table. that is of course a big issue because it takes off the table trump's demands which means we should be preparing for a long, drawn out trade war and anything discussed in talks will not address those. the view from china is that china needs a win, that trump needs a win. he is dealing with the impeachment crisis and the weakening u.s. economy for businesses blame on the trade war. he could be willing to make concessions. .his is no surprise it has been long said by china watchers that the chinese side is not going to give up its core economic model which is a key part of its national security and economic security. it was never something t

let's get a first word news update with selina wang in beijing.state tv is halting broadcasts of the national basketball association games as the backlash intensifies over a tweet expressing support for hong kong protesters. the general manager of the houston rockets tweeted the image. the nba commissioner came out in support for his freedom of speech. president trump hasn't endorsed a turkish incursion into syria according to a senior official but it does deep in the region. -- an announcement an abandonment of allies. the global economic outlook is deteriorating amid brexit uncertainty, trade tensions, and a downturn in europe according to the world bank president, who says forecast for 2019 growth are looking weaker than in june and the imf looks to be on the same page. its 3.2%ected to slash projection next week. in the u.k., the prime minister is being urged not to press ahead with big tax cuts amid warnings a no deal brexit could blow a 100 billion pound hole in public finances. the budget deficit is expected to exceed 50 billion pounds next

with more, i want to bring in selina wang who joins me from beijing. significance of apple pulling this from the app store? selina: this is a crowdsourcing app that allows you to see where protest and police activity is happening. interesting to see apple is reversing course yet again after saying it spoke to local authorities that say they were threatening public and police safety. creators have said there's no evidence of this and critics have scorched the company for saying that it is basically capitulating to china's man's at demands at the expense of free speech. to be clear, this is not the first time apple has made moves like this. a few years ago, it removed apps from the app store in china, more recently removing the taiwan flag emojis app. greater china is apple's largest market outside the united states, so there is a lot in store for the company and it goes to underscore the challenge when it comes to balancing political risks both at home and abroad for international companies operating in china. taylor: within the balance you talk about,

selina wang.inistersobal finance and central bankers have pledged to use all of their tools including fiscal policy to amend what they call a highly uncertain outlook. the assessment came in a communique issued by the imf steering panel. this capped a week in which the imf led a visit straight cut to the global growth forecast, with the weakest expansion since 2009. china's top trade negotiators say talks with the u.s. are making progress and both sides are working towards a partial deal. has been made playing an important base for agreement. people are trying to sign at the apec summit in chile. is not a appropriate level. -- is that an appropriate the -- is at an appropriate level. depreciation has been growing by market forces and shifts in market dynamics. it passed the seven level since the u.s. named china a currency manipulator. friday after his arrest over allegations of insider trading. the vice president is accused of making nonpublic information three years in exchange for cash. it is t

selina wang filled us in from beijing.elina: this allows users to see were protests and police activity is happening. apple is reversing course again after saying it spoke to local authorities that said it was threatening public and police safety. the app creators have said there is no evidence of this and critics have scorched the company for saying it is basically capitulating to china's demands at the expense of free speech, but to be clear, this is in the first time apple has made a move like this. a few years ago, he removed vpn apps on the app store in china and it removed a taiwan flag emoji app. greater china is apple's largest market after the u.s. so there is a lot at stake for the company. it underscores the increasing challenges when it comes to balancing political risks at home and abroad for international companies operating in china. taylor: within that balance you talk about, was this really harming police or is it seen as caving to beijing? selina: we did hear from me hong kong legislator say he was deeply

selina wang in beijing with the latest nuances on the trade matters.ost,pen is our guest chief investment officer from mw capital management. he joins us from singapore. we are scratching our heads this morning. eight new companies on the blacklist, and the market seems to be convinced of a marginal breakthrough. does that add up for you, rob? rob: not really. it would be very surprising if any deal was made at all. in the case of president trump, he would want to get a very good deal and i don't think the chinese are willing to back out. now, we have tech being weaponized. the chinese will not take that lightly. i do not see a trade deal coming from these discussions. yousef: let us flesh that out. the csi 300 is substantially higher. consumer staples, they are driving that move up. in terms of some of the other scenarios, maybe this is just a limited deal. any deal would help the sentiment. what would a mini deal do for markets? rob: well, i think if you did have a mini deal, even though that is not our base case, i don't think that would be popular

selina: i am selina wang in beijing.k: asia." ♪ paul: our top stories this monday, china dials back expectations for trade breakthroughs this week. recoils from one of its most violent weekends yet. protesters turned to vandalism as retaliation on a government cracker -- crackdown on facemasks. koreaen: and north rejects talks from what it calls a hostile usa. now we're going to get straight to the market with selina wang in beijing. what is going on? selina: after we saw that better-than-expected employment data in the u.s., u.s. talks slightly higher, the focus for investors is squarely on the u.s.-china trade war with a onrt to and downbeat tone the headlines, china is looking to narrow the scope of the trade deal and it's -- and it is unwilling to discuss industrial policies and subsidies. the nikkei fell more than 1.5% last week. were seeing pressure on the ust jpy. some risk of sentiment seeing the yen strength in on the back of the trade headlines. the japanese 10 year yield continues to fall as markets remain war

selina wang is standing by. selina: thank you, manus.as failed to live up to , and shareshype sink as they fell short of the chief executives much hyped 100,000 metric, and they say tesla is relying too much on cheaper models to grow. and yesterday, the u.s. auto sales were as bad as it were the day before, ford sales just over 5%, coming in better than estimates, and fiat chrysler and general motors, gm had a strong quarter while fiat sales were basically flat, and that is your bloomberg business flash. manus? manus: selina wang in beijing. the british prime minister is optimistic that he has got enough support from hard-line euro skeptics to finally get a deal over the line. speaking at the conservative party conference, the prime minister outline plans that would see northern ireland staying in the single market for goods and a customs union. johnson: we will under no circumstances have checks at or near the border in northern ireland. we will respect the peace process and the good friday process ofnd by a renewable democratic consent

selina: i am selina wang in beijing. welcome to "daybreak: asia." . this wednesday, concern growing about a global slowdown. slashingigns of manufacturing exports and sentiment stuck in a slump. boris johnson prepares to lay out his final brings a plan. the u.k. will crash out of the eu if brussels were to engage. shery: more praying -- more pain from the farm tests in hong kong. hotel occupancy tumbles with terrorism down. -- tourism down. let's get a check of how markets are trading in japan, south korea with selena. selina: asian stocks pressured off the back of the u.s. manufacturing data. on the back of even worse data out of europe. b pmi's earlier this week down about six percent. the 107.7g around level. i was just talking about yesterday, japan's worst bond option in years sparking a global selloff. the japanese 10 year yield up about six basis points. taking a look at south korea. reverse twos to straight days of gains, down about .7%. aboutrean won trading at 1.2035%. data, wefrom the pmi sought week contraction in the south korean economy.

selina wang is a beijing.exit deal look more faint after pie minister boris johnson repeated his vowed to take the u.k. out of that you at the end of the month. told french president emmanuel micron -- u.k. out of the european union. he told french president micron that you should not have the mistaken idea that u.k. will stand after october 31. johnson said we will be packing our bags and walking out. north korea and the u.s. are at odds over the success of nuclear talks in stockholm on the weekend. the first meeting was for eight months was described by washington is good discussions while pyongyang nuclear envoy said negotiations did not meet exit stations and broke down. the talks came after a string of north korea missile launches including the firing of a summer in-based and blessed weapon on wednesday. u.s. payroll numbers are showing a worrying sign. job losses in manufacturing total employment contracted by 2000 positions when economists expected to gain of 3000. the figures are the latest indication

manus: thank you very much, selina wang in beijing.approached asian stay oil producers, , and a chinaaysia group about potential investments in its ipo. the state energy provider has gauge interest from kuwait and canadian funds. it comes as aramco recovers from its worst ever attacks on its infrastructure. it is now producing 9.9 million barrels of oil per day. thateo says output reached level on september 25 and a little bit higher now. ulfspoke to me at the g intelligence energy markets form -- forum. >> we went back to capacity by september 25, so we reached capacity and increased a little bit more to replenish our inventory that we used during the interruption. manus: can you tell me how much? a little bit more? ina little bit that kept us the convertible inventory level. manus: you also -- obviously have to draw down quite a bit of inventory to cope with the situation. are you prepared to see saudi arabia produce up to 10.3 million barrels, which is your opec plus a great quota? -- agreed quota? >> typically, our production is gu

selina wang is about to tell us. how can i take the really well in terms of measuring progress made so far? selina: i think we should not ght to hisch wei comments but the fact that he is meeting with the vice premier friday. that is a sign there must be some progress being made. otherwise, he would not agree to meet with donald trump. despite the escalating rhetoric around visa restrictions, itcklist, hong kong issues, seems both sides are more willing to make some concessions to meet -- recheck partial -- reach a partial deal that wouldn't mean core recession -- concessions for china more agricultural purchases but no giving in on major sticking points about domestic and industrial policies. there have been reports the u.s. has reportedly allowed some u.s. companies to start reselling to huawei when it comes to nonsensitive supplies. tona has also asked the u.s. remove sanctions on its largest shipping company, cosco, which had been accused of carrying iranian oil. we have been here before. trump does want a broad

selina wang filled us in from beijing.his allows users to see were protests and police activity is happening. apple is reversing course again after saying it spoke to local authorities that said it was threatening public and police safety. the app creators have said there is no evidence of this and critics have scorched the company for saying it is basically capitulating to china's demands at the expense of free speech, but to be clear, this is in the first time apple has made a move like this. a few years ago, he removed vpn apps on the app store in china and it removed a taiwan flag emoji app. greater china is apple's largest market after the u.s. so there is a lot at stake for the company. it underscores the increasing challenges when it comes to balancing political risks at home and abroad for international companies operating in china. taylor: within that balance you talk about, was this really harming police or is it seen as caving to beijing? selina: we did hear from me hong kong legislator say he was deeply disappo

selina: protests in hong kong have weight on security in the region.ow are you being impacted there? our quarter has been equal to the second and first one. it has been more than offset by growth in china mainland, which is good news because we like locally.nts are buying china andbelieve that the three to five years to come can probably double its potential when it comes to jewelry sales. in addition to the nba, you have seen luxury companies like tiffany's and dr -- dior come under fire in china. what is your reaction on the situation? china's sovereignty has never been an issue of discussion. our organization i think is very clear and mirroring our respect for chinese sovereignty. selina: even your heavy supply chain dahmer it -- dominant in europe, are you concerned about chinese tariffs or the u.s. eu tariffs? is complexness .ecause you have many variables there are plenty of factors to isolate. one macro factor is a bit occult, especially amid a trade war. we all know that trade war's are .ever good it of this lee increases consumer prices. this

selina: there has been a decidedly cautious tone. in the official statement as -- as theficial chinese newspapers. all of these newspapers do not have betrayed story as the top story. a cautious tone in the sidebar pieces about the trade war. the global times stating that china should prepare for the worst possible outcome, including the fact that a trade deal could not be struck and china should not trust the trumpet ministration. another cautious tone saying it is encouraging, but it doesn't mean the trade war is over. what is interesting is all the top stories in the newspapers are xi's trip to nepal. what has been highlighted from that visit is xi's comments that anyone attempting to split china will be crushed, and any external force attempting to split china will be considered delusional by the chinese people. very strong words there. companies from trying to put on the blacklist for alleged human rights violations. this is a reminder that despite is aproductivity, there lot of underlying tensions between the countries. david:

here's selina seth with our countdown.ords. she is the second australian—born woman to become a peer. at 4, deputy speaker eleanor laing gives snp mp angus macneil language lessons in the commons. it isn't you, it's they. that's so much better. at 3, the prime minister wins his first vote against the opposition in the house of commons. cheering i realise this is a unique moment... laughter at 2, shadow equalities minister carolyn harris has stars in her eyes. today, mr speaker, i'm going to be bonnie tyler. and at 1, the president of the european commission, jean—claude juncker, wants to say his peace. hey! jean—claude's the boss here! selina seth. now, have you everfancied putting a question to the governor of the bank of england? the commons treasury committee invited members of the public to do just that this week. questions submitted via email and social media were among those asked by mps when they quizzed mark carney. we caught up with the interim chair of the committee, labour's catherine mckinnell. so, we received

selina: again, this is a massive amount of money.early $10 billion coming from softbank, so it provides a very, very much-needed cover. they could be running out of cash as soon month, so even though they are trying to scramble to cut costs in addition to all the steps i mentioned earlier, as well as laying off reportedly as much as thousands of employees, they still need some cover as they execute on these measures, as they go through it as well. on top of that, a bunch of corporate changes. kathleen: following the ins and outs wework wework of this important story -- outs of this important wework story. you can listen via the app, bloomberg radio plus or bloombergradio.com. this is bloomberg. ♪ kathleen: this is "daybreak asia ." i am kathleen hays in new york. haidi: i am haidi stroud-watts in sydney. acknowledgedrg has giving hiring recommendations to democrat pete buttigieg's presidential campaign but says it should not be misconstrued as an endorsement. zuckerberg sent several emails to buttigieg's campaign manager and two of t

selina wang joins us.e comments and a rising sense of nationalism in china really play into what we are seeing with trade talks with washington? response to the trade talks we have seen a lukewarm response from officials and state media which were caught -- declined -- you have the official statement saying the sides have made progress, working towards a final agreement. they did not mention the fact china agreed to buy $50 million of agricultural products which were hailed by a big win by the trump administration. then she brought saying the ration -- rational talks reached -- gives sense given the fact china has not -- besides the waiving of a small increase this week. it is a far cry from the complete removal of future tariffs china had had on the negotiating table. it is being hailed as a trust building step and not much more. you have rising nationalism in china which makes it much harder for china to be making compromises. the public is willing to see a tough policy when it comes to trade talks with

selina wang joins us from shanghai. you spoke to the co-founder.d she say about their crypto plans? meina: she described it to as a bit like an independent regional autonomous version of libra. overlaps, but venus is an open blockchain project more focused on the financial autonomy of developing countries. the co-founder also described it to me as a sort of belt and road version of libra, given that it will be rolled out an individual countries. in contrast, facebook's libra has a greater focus on reducing the cost of money remittance and transfers. take a listen to what else she had to say. we need more currencies to be involved. we need more commercial institutes to help ordinary people to dilute financial risks. of course we need to make sure people who have not received any financial service to have the service. so we started doing venus project. >> you have called venus the belt and road version of libra, but the chinese government has outlawed digital asset exchanges as well as initial point offerings. how do you plan to work with the chinese

i am selina wang.tors in hong kong set fire to rail stations and what was the 20th straight weekend of protests. at least 350 people -- 350,000 people took in the peaceful but rally.-- unauthorized what happened over the weekend? there is no sign this is losing momentum. is the 20th consecutive weekend of violent demonstrations. you can see the aftermath behind me. entrance to the station. this is the heart of the main shopping district, filled with mainland tourists. those numbers have significantly dropped off. there is tons of graffiti all around. some of it we can show you, some of it we cannot. the reason we are on this street corner is the main islamic mosque here. this was the epicenter of the violent clashes yesterday. the reason the mosque is in focus, not because it was attacked by protesters but because the water cannon came out by the police and some of the leaders of the islamic community say the blue dye the went intoon shoots the compound. that raised concerns by the members of the islam

shery: shery: selina wang -- shery: selina wang, china correspondent, thank you.ll have the view from both sides of the aisle. don't miss those interviews. we also have the bank of england governor, mark carney, speaking at an event. he is saying negative rates have not hurt bank profits in europe, saying he doesn't see negative toolkit part of the boe eerie he is speaking at this harvard event right now. -- boe toolkit. he is speaking at this harvard event right now. it seems both the e.u. and u.k. are playing down the potential for a deal. john: i'm looking at the latest headlines and that is the way it is looking at the moment. it looks as though it is on a knife edge. as though the unionists have an effective veto and are not convinced. so yes, it looks as though a deal is still not any kind of a given, and it is a very difficult situation for the bank of england, but not unlike the situation jay powell had with donald trump over the possibility of escalating tariffs earlier this year. brexit, and no-deal we know what the bank of england has said about potenti

selina: we are seeing the impact of the global growth slowdown and the trade war.ing -- and a that is worse than what economists were expecting. this is pressure weakening the chinese economy. expectations are that third-quarter growth came in at 6.1%, the weakest pace in three decades. you did get one bright spot china's trade balance which was stronger-than-expected showing money came into china then came out. that was driving the upswing in the yuan earlier today. boost thehis trade chinag growth outlook for or the global economy? it increases risks of but most don't think of it significantly with the china growth actor or global growth because the risks of tariffs are in place area do have the existing tariffs, they have not been changed. there is the look at that -- remaining imports. there is uncertainty weighing on investments. covers the long -- low hanging fruit. china is boosting agricultural purposes -- purchases. with currency agreements, china vague commitments so it is not enough for people to sink their teeth into with the global growth outlook. than

let's bring in selina wang in basing credible -- in beijing. it was banned, then it was all right. why has it been so difficult to get right? enda: we have seen -- selina: this is a crowdsourcing app which give indications where protests and police activity are happening in hong kong. apple that after allowing it to run for a few days it had confided with local authorities who gave critical -- credible information it was being used to target individuals maliciously in areas where police were not around as well as to threaten police. the creators of the app hit back hard saying there is no evidence of this and critics have said it is another example of apple capitulating to the chinese government at the expense of free speech. there is a lot at stake for apple. greater china is its largest market outside the united states and it is not the first time we have seen apple make moves like this. a litany of apps have been deleted from the store in china to comply with chinese censors including news apps and virtual private networking. the economic mi

selina wang also there from beijing, covering protests and the 70th birth celebrations. its ipo but faces a funding squeeze and a spring deadline to come up with the goods. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: the european open." 54 minutes into the trading day and looking at a slight loss on the ftse. very little change, but when you contrast it with the gains we see in germany and milan, .7%. ipo,k has withdrawn its capping off a fund-raising effort that cost the ceo his job and jet. to company faces a challenge raise new capital as it could run out of cash as soon as next spring. for more is our bloomberg opinion columnist in berlin, kris bryant. what happens now is the question for wework. >> it is going to be all hands get the cashally burned down because right now, the company is facing a difficult situation where they've got money going out the door and at the same time, they haven't got new money coming in. they were hoping to raise 3 billion in equities, 6 billion in debt and that is not happening now. somebody else will have to put the

francine: i am looking forward to hearing from him and selina wang.to the bloomberg first word news. >> we do begin with china's marking 70 years of communist role. president xi jinping overseeing the military parade through the center of beijing. it featured some of the country's most advanced weapons, among them, one of the world's longest range missiles, capable of hitting the u.s. police fired tear gas at protesters, tens of thousands of marching in simultaneous rows across the city. several president donald trump's closest allies are being dragged deeper into the impeachment inquiry. three house committees subpoenaed has personal lawyer, rudy giuliani, for records of his dealings with ukraine. secretary of state mike pompeo was among those listening in to a call between the president and ukraine's leader in july. that is the call at the center of the investigation. british prime minister boris johnson facing a crucial moment for his brexit strategy. he is preparing to present his blueprint for a deal with the european union. the response will det

selina: china plans to release its own system for cryptocurrencies.ieve all countries will release their own cryptocurrency in the future, and they will roll out strict measures to supervise the industry. values where binance lies, to help them supervise the cryptocurrency industry and and sure stable, sustainable development. selina: you've heard facebook argue chinese effort to launch cryptocurrency is a threat to u.s. influence, but the source and my interview argues one-day countries around the world will have their own digital currency. face similarlikely scrutiny to facebook libra, but she tells me they are learning from facebook mistakes and taking a more conservative approach and will focus on more regulatory compliance at the outset. wang, thank you so much, our china correspondent with an exclusive interview. coming up, and exclusive interview and high expectations on central bankers to bailout economies. this is bloomberg. ♪ ♪ shery: this is global news, 24 hours a day on air, on tictoc and twitter, powered by more than 2700 journalists and

shery: selina wang, thank you so much, our chinese correspondent from beijing. from a holiday. let's turn to sophie for what to watch and markets. sophie: nikkei futures are pointing higher but we could see a mixed start for the region with aussie stocks under pressure, set to snap a two-day gain. these are among the names to report today. lng displays estimates from analysts, losses for 2019, close to $1 billion in light of weak demand for the u.s. and china. a fresh alarm with a fourth-quarter revenue forecast that trailed the lowest estimates on wall street. the company warning that trade tensions are making customers far more cautious. with asian cash trade for treasuries resuming as japan reopens, futures holding an overnight advance after you cape prime minister boris johnson to fast-track his brexit deal into law. that is what is coming up next on "daybreak asia," with the open in japan and south korea upon us. this is bloomberg. ♪ this is bloomberg. ♪ here, it all starts with a simple... hello! -hi! how can i help? a data plan for everyone. everyone? eve

alix: thank you so much, bloomberg's selina wang. now to canada, where elections will be held today between interest year and justin trudeau -- between andrew scheer and justin trudeau. reporter: the question is whether any party can get a majority. it looks like justin trudeau will probably end up with the most, but he will have to gather the support of a left-leaning party. he will likely expand his forecast deficits if he governs with the support of a left leaning party. alix: if there needs to be a coalition going forward, what will you have to give up to get that done? reporter: it's a good question. one question would be the pipeline he bought. they are still trying to build that. his most obvious coalition partner doesn't want it built. candidates usually don't do formal coalitions. they tend to take it vote by vote, and trudeau might do the same. but we don't know. it looks like there's some late momentum in his favor, so it's possible he could get a fairly wide margin that would be more comfortable, but the narrow minority c

rishaad: let's get over to beijing, selina wang has more. this is quite a broadside. it must have significance. this was a highly anticipated speech. we have been waiting for this for quite some time. it was originally scheduled for june 4, on the night of the tiananmen square massacre, but it was rescheduled to hope they can meet at the g20. there has been a significant amount of debate in the white house in terms of how critical pence should be. he struck this balanced tone, hitting china hard on issues, including its human rights record, economic and trade practices, but also extending on olive ranch, saying the u.s. is not looking to decouple the economies and that they want further engagement. some of his harsher comments were poised towards u.s. companies, calling the nba acting as a subsidiary of the chinese authoritarian government. he said china was exploiting its model of censorship and corporate greed. a muchall, this struck more balanced tone compared to mike pence's very harsh speech on china from last year. he leaves the door open for a normalization of

thank you very much, selina wang in beijing.ow far is rate reduction campaign should extend while agreeing to cut last month? the minutes from the fomc september meeting, agreement that the downside risk to growth had "increased somewhat since july," and they thought this was due in part to trade concerns but some thought the signal limits the easing cycle. jerome powell reiterated why the facesy aces risk -- risks, overall it is a good place. i want to take you back a year and i want to say this to you. last year, you talked about the neutral rate. they were to raise rates by 25 basis points. the fed wants to indicate to the market maybe we should tell everyone we are nearly done. are we in the foothills of another policy error communicating in that way? that is the kind of thing they wanted to tell the market. >> fed officials have clearly worried about the gap between where they see rates going and what the market is expecting. real challenge for communication and something that needs to be addressed over the next few days an

selina: the mood going into negotiations is as bleak as it can be.n the nba front, so much is at stake. a multinational corporation caught in the fray of the hong kong protests. 800 million it had viewers of its programming in china, nearly 2.5 times the u.s. population. this in combination with comments u.s. lawmakers around the hong kong protests added to this blacklist and the fact that china is looking to narrow the scope of the trade discussions further narrows the window of possibility that even a mini-d could be reached. we heard from the ministry of foreign affairs to stay tuned for any retaliation from the chinese side. we could see some action around the chinese unreliable entities list. yousef: garfield, let me get you to weigh yen on this. -- weigh in on this. turnarket taking a clear in the last 15 to 20 minutes. have investors been too complacent about realities that these trade discussions face? especiallynvestors stock investors tend toward the hopeful side. they are hoping for reasons that some sort of deal which many argue would mak

selina: i think what we have seen has been quite interesting. shows a sense -- a heightened sense of sensitivity when it comes to the chinese government and their percent -- op-edere -- i did see an talking about the nba, talking about what is going on in the u.s. blacklist and how this maximum pressure strategy is not going to work, but i think the response we saw to the nba is interesting in that you are seeing china to take this hardline, zero-tolerance policy approach when it comes to any businesses that seem to be questioning the territorial sovereignty of certain areas, and this comes at a sensitive moment for china, because they are also dealing with the hong kong protests, with the tariffs, with the trade war, and at this point in time, it xi jinping wants to send a unified message to china that they are not going to back down. but at the same time this complicates trade talks since it reinforces a view in the united states that china is not playing a fair ballgame, and this is another example of u.s. companies having to kowtow to the ch

for that we go to selina wang. had u.s. president mike pence -- vice president -- criticizing china's actions against protesters, calling for greater engagement between the world's two biggest economies. , pensng in washington told demonstrators in hong kong, we stand with you. an example of what can happen if china embraces liberty, and years,r the last few beijing has increased its interventions in hong kong, engaged in actions to curtail the rights and liberties of its people. >> an indonesian investigation into the fatal air crash that found scores of problems from boeing design flaws to failures of u.s. regulators. one area of focus is a flight jetrol feature in which the has already been implicated in the crash in march. it was boeing's best-selling plane. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. coming up on bloomberg, barclays reports third-quarter earnings. we speak to the ceo jes staley. next, we spea

selina wang is with me in beijing. >> a bid for the london stock exchange.ales after support from key shareholders. raised 90 and be 100 pounds per share to be taken seriously. hopes of a solution to the strike at general motors are ask fors union leaders more investment into american factories and commitment on job security. labor bosses say talks have taken a turn for the worst. saying it will continue negotiating in good faith committed to finding a solution to the strike. that's your bloomberg business flash. thank you very much. the very latest on the numbers there in asia. factory numbers broke at 7:00 a.m. in germany. 1.6%.d, down compounding the concern about the health of europe's largest economy. lori heinel from state street global advisors is my get -- my guest host this morning. that greets christine lagarde when she arrives. by accident, we might end up with something quite radical in the form of fiscal stimulus. do you see anything on the landscape that could deliver a coordinated fiscal stimulus? how are you positioning the portfolios are nex

selina wang is watching this in beijing.t this point, is the deal both sides are trying to iron out? >> it looks like china wants to hold more talks before xi agrees to anything. also told usre that china is looking for trump to remove the plan to tariffs in december. it looks like the two are not on the same page on what is going on in this handshake agreement. on the one hand you have trump saying that is one is almost signed away. they can move on to phase two. one is almost signed away. they can move on to phase two. china is becoming increasingly wary of trump. trust has broke down over the past two years. the two sides have been close to a deal only for talks to break down. there is also a view in beijing that for xi, it is politically unfeasible for him to agree to any deal. let's not forget that the billions of dollars of existing tariffs still remain in place. >> if you're looking for signs as to how the next round of talks could progress, what would be something to look at? >> is certainly is like reading the tea l

i'm selina wang.the opening trade in hong kong --yvonne: bubble growth is stalling and inflation hopes are fading fast. selena: traders are increasing betting on to more rate cuts before the end of the year. >> and president trump steps up his attack on joe biden. he's now calling on china to open an investigation. biden said it is totally without

selina wang joins us. great to have you on the program as always.reak down the latest china data for us. >> we are continuing to see the impact of the global growth slowed down as well as a trade war the chinese economy. exports fell 3.2% and exports fell a whopping 8.5%. this puts pressure on china's already weakening economy. expectations for third order gdp was that a group at 6.1%. the slowest pace in nearly three decades. phasehough we had this one agreement, it is not expected to change the growth picture for china given that existing tariffs are still in place and there is the threat for more tariffs in december. the view in beijing around the agreement has been decidedly cautious. we do not even have state media calling this a deal at all. they have been highlighting the fact that it has not been signed. a lot can change between now and later. it makes sense that they are having this cautious view given that in the past china has made some concessions only for donald trump to turn around and add more tariffs in hopes for a broader deal. posi