in shanghai, truly the east, not -- in shanghai, truly they east met the west.s city of three and a half million chinese was another city, a foreign settlement, made up of a french concession and a well-known international settlement. there, the various powers, including great britain, the united states, and japan had stationed detachments of troops. japanese, british, french, and our own united states marines to assist the police of a shanghai municipal council, and the preservation of peace and order, and to protect the boundaries of the international settlement. these detachments were limited in size, but the japs secretly, and in violation of treaties had increased their garrison so , that when fighting started in 1937, they thought they were fully prepared for any eventuality. ♪ [gunfire] >> the force of the chinese counterattack almost drove the japs into the river. backed up by the heavy guns of their worships, however, they managed to hold out until reinforcements arrived. jap landings were then made in the vicinity of the fort, and on the yangtze river

shanghai, we have the index falling. in on what is going on with property players, real estate segment down 0.2 percent. we are seeing the continuing trend of fewer cities in china posting higher home prices. this one sliver of green when it comes to the shanghai composite. that is insurance. taking a look at the broader -- what is going on with the construction segment, we do have construction stocks moving half a percent and building products just slightly higher. marginal gains for that segment in shanghai. 1%g kong shares falling over , extending the drop we saw on wednesday. chinese shares set for a weekly gain of over 1.5%. gains for ang onto second day advance this week. in singapore we are seeing the longest losing streak for stocks. shares in taipei, those falling ahead of numbers anticipated later this week. let me show you what is moving in hong kong. , that stock seeking after a two-day rise. rising, the stock was leading gains. alibaba pictures, i want to alibaba ishis, burning more money on media and entert

the memories of shanghai were fresh in their mind.as built, they rushed the building of enormous case for the human life. jacks, it became the heart of the nation they were determined to conquer. break the spirit of china. [yelling in chinese] announcer: but they could not reach the city by land. they would send their farmers to blasted from the face of the earth. -- two blast it from the face of the arts. -- to blast it from the face of the earth. announcer: against these japanese, slow and obsolete planes made an- attempt to stop them. [airplane engines roaring] gunfire and artillery] ] ir raid sirens [gunfire and explosions] announcer: but neither japanese bonds nor japanese planes could destroy the life of the city. at the chinese had gone underground or they could offer work day and could night. this time, the chinese anticipated there enemy in spite of bombs and fire and destruction. this time the chinese fought back. ♪ announcer: flaming chongqing became the symbol of their indestructible spirit. ♪ announcer: now, the call to a

rishaad: tom mackenzie in shanghai., holding steady to the economic factors weighing on the bank of australia. we discussed the cash rate with the commonwealth bank of australia. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia," i'm haidi lun in sydney. rishaad: i'm rishaad salamat in hong kong. let's look at the business headlines. first-quarter operating profits more than doubled to what it was previously.looking for a figure year of about $1.2 billion.shares have been surging in the company since smashedan: homecoming," projections. they also have cameras, streaming, and playstation games. they spent $143 billion on a 95% stake in distributor automation -- funimation. suppliers are trading lower amid concern about potential holdups when it comes to the new iphone. theyy chain data suggests will announce when it comes to oled screens. it could put the initial shipments back to october. rishaad: china's third biggest search engine expecting to launch a u.s. share offering -- worth $5 billion, trying to clo

at shanghai and hong kong markets joining a recovery in asia.g out mainland markets in china, the csi 200 gaining .1%. the hang seng resuming gains for day, gaining .5%. check out the currencies base, the aussie following the data, jumping, but now easing gains and looking study. with the stronger fix from the pboc, the onshore rate slightly that mark still below which a broker for the first time since december 2016 overnight. fork out the offshore rate now swinging to gains, set for an 11th straight session higher. the yuan is the best performer against the dollar when it comes 11 forex tracked by bloomberg. after the shanghai composite move through 3300, this benchmark in focus. today, materials and telcos stocks and dragging on that benchmark, while real estate is up .3%. financials not seeing too much movement. we are waiting on chinese banking earnings later today. morgan stanley has been overweight for chinese banks all year. they see more upside for the sector given the improvement in npl's. i want to show you china postal bank. a-shareer

at the moment, shanghai is very much in line. david: at the moment, shanghai is very much in line. let me get started with the renminbi. the median forecast of the market is playing a little catch up because of the string we have seen over the past four or five sessions or so. what we have seen in the last few minutes -- let me see if we can get a shorter term look at this -- there we go. erased all ofy the strength it has put on since a.m.utoff of 4:00 or 5:00 668.19.ar at we will continue to follow this closely, but you take us back cointreau days, we are basically back to levels at the start of the week. let's take a look at how things are shaping down. across equity markets, we are poised for the first weekly drop in five weeks. hang seng off by 1.4%, 400 points, the biggest drop so far this year. yesterday, drop about 700 points, biggest two-day drop since september of last year. 51 on the dollar, the first time in 11 years. japanese yen very much a haven play at the moment, as with gold. 12.90.moment, futures are also on th

that was an analyst in shanghai.heme, ford is revving up to sell a new brand of electric vehicles in china. an announced plans to set up these plans —— it announced. and it says it will produce electric vehicles on the mainland. the chinese company sold more than 16,000 all electric ca rs sold more than 16,000 all electric cars this year, through sold more than 16,000 all electric cars this year, throuthuly. there are reported widespread flight cancellations due to the typhoon. cathay pacific announced the majority of flights into and out of hong kong, between now and 5pm local time. the hong kong airport authority is urging passengers to confirm their flights before authority is urging passengers to confirm theirflights before heading to the airport. talks between south korea and the us failed to find a way to move forward on amending their five—year—old free—trade deal. trump has called the agreement a job killer for the us, but the soul stressed that the us, but the soul stressed that the us trade deficit with sou

two goals from wu lei and one from hulk put shanghai on the brink of a first semi—final. in september. iran's persepolis came from two goals down, to draw 2—2 with saudi arabia's al—ahli in their first leg. england will play new zealand in the women's rugby world cup final this weekend. it's after they beat france 20—3, in the later game in belfast on tuesday. emily scarratt landing two penalties and two conversions. the world cup holders will defend their title against the number one ranked side in the world, after they saw off the challenge of the usa. katherine downes was there for us. england are through to a second successive world cup final, beating france in the end, 23 points — three. it was so tight in the first half. just one kick a piece. three each on the board at half—time. in the second half, england gradually pulled away. first a try by sarah to give some daylight between england and france. and then at the final whistle, england pounced on the poll to get the 20— three victory. —— ball. and able verse new zealand after beating the usa in the earlier final

futures exchange now growing by leaps and bounds china has now oil contracts traded in shanghai so you know between the you know the the businesses and the the infrastructure and the institutions that china's put it in i mean it's it's it's obvious that the agents sent so-called eason's agents centuries have been a lot faster than we would expect and the united states and china are going in completely opposite directions ok i got to cut off their thanks and hopefully can stay on for other segment that's it for this edition of the kaiser report with me next time stacy herbert and i like to thank our guests dan collins of the china money report dot com if you want to catch us on twitter it's kaiser report and all next time. they don't believe to tell you that. but most importantly they. tell.

again, the hang seng and the shanghai composite closing high by 0.6%.seng, south korean stock s closing lower by 2%. we've seen german trade and current account surplus growing in the month of june stocks there are flat. france, meantime, is higher by just around 2 points the ftse 100 is lower by 0.1%. things like that disappointing china trade data not having any effect on asia but the mining stocks in the u.s. are reacting negatively >> as for the broader markets overall, seema, let's check in with oil prices. they are at least higher for right now. $49.69 the last trade wti crude. ice brents,52.62, the last trade there. always up by 0.5%. as for what's happening on the currency side of things, dollar weakness, euro 1.1808. dollar/yen, 110.54 and a 1.30 right now on gold, 126670 the last trade there up a couple bucks or 2%. >> not a big climb $3400 yesterday. and fund strat thomas lee said it can get to 55,000 if it can get the support of central banks. >>> on today's wall street agenda, there's a pair of economic reports that wall street will be focu

i spoke to a correspondent in shanghai.” latest decision? i spoke to a correspondent in shanghai.nk trump is right. he should be criticising china for the over protectionism in the country, as well as for copyright intellectual property issues. i think first off it is really unfair at this stage that a lot of american companies like general motors have to set up a joint—venture if they want to establish a factory in china. the concern is that right now there is a lot of transfer of technology to the chinese joint—ventu re lot of transfer of technology to the chinese joint—venture partner. lot of transfer of technology to the chinesejoint—venture partner. so today you are going to be helping your partner become your competitor in five years. or you have other situations like elon musk‘s kessler, they have announced they would like to open a factory in china but they are having problems getting the permits to do so because they are not willing to have a joint—venture partner —— tesla. not willing to have a joint—venture partner -- tesla. is the right in saying american companies are

yvonne: we have been talking about that shanghai composite breaking above 3300.rely dented among the selloff on tuesday. could we see that today? sophie: when you look at the seven not treat analysis for the shanghai composite, there could be a breakout. you can track that on g #btv 1481. you can see the index has broken above the upper boundary between and 61.8 level in early 2016. the next area of resistance level.e the 76.4% with the stronger yuan and stable pboc policy, that could spur better gains. betty: thank you so much, sophie kamaruddin, with the big movers in the markets. the federal reserve trying the story. they will hike rates again this year. that may be good news for the pboc. they are trying to keep policy where it is. kathleen hays has more. let's start with the idea we may get a rate hike. made it: the fed has clear they will start balance sheet normalization, letting the proceeds were loss. the rate hikes, a lot of people are holding out hope the economy picks up enough to push inflation up or stop it from falling. it is interesting because we

shanghai, goldn is falling 6/10 of a percent.ck at 2013 levels, bc of global markets are calling a bubble when it calls to the field market. bill come international said --t they are dumbfounded speculation is driving what we are seeing in the future market. take a look at the hang seng up a 10th of it 8% -- a 10th of a percent. tencent up over to their descents a day. the biggest gainer in terms of index contribution four points. keep an eye on the property space real estate up about 4/10 of a percent. we have local media reporting the government may speed up homebuilding approval. i just want to check on chinese estates. a warningper flagged for first-half revenue and profit as rental income takes a dive. operating from hong kong and on the chinese mainland. it is the second ignition hold her in china ever grande. this is the biggest real estate developer in china. let's get you up to speed with one of the first word news headlines. joining us is haslinda. economy drewan's for a six straight quarter, that is the longest expansi

thanks a lot, robin brant, who is based in shanghai.s will be meeting in berlin today to talk about inner—city pollution in 16 german cities —— germany's. it's been reported the government will ask for softwa re reported the government will ask for software updates for around 2 million vehicles at a cost of $354 million. that's instead of more expensive changes to engines to cut diesel emissions. the meeting comes as the european investment bank announced it is examining claims of volkswagen use one of its loans to develop a device to evade engine emission tests. in the meantime major us carfirms emission tests. in the meantime major us car firms have reported a sharp fall in sales injuly, driven down by lower rental fleet sales and wea ker down by lower rental fleet sales and weaker consumer demand. sales were down by 15% at general motors, 10% at fiat chrysler and 7.5% at ford compared with the year before. shares in us car companies fell on the news. let's quickly look at the markets in asia. many tech companies riding high today in

futures exchange now growing by leaps and bounds china has now oil contracts traded in shanghai so you know between the you know the businesses and the the infrastructure and the institutions that china's put it in i mean it's it's it's obvious that the agents sent so-called eason's agents centuries have been a lot faster than we would expect and the united states and china are going in completely opposite directions ok dad got a cut off that thanks hopefully can stay on for other segment that's it for this edition of the kaiser report with me max keiser stacey armor and i like to thank our guests dan collins of the china money for comics want to catch us on twitter it's guys report and so next time. you go should we could you know your daughter used to tell us i know good morning and one million people that. he killed. even dangerous. now no one stepped into a major that he's trying to do that. about your sudden passing i've only just learned you were yourself and taken your last wrong turn. you're out to you as we all knew it would i tell you i'm sorry for me i could so i write these

welcome back to the cause report time now to go to shanghai and talk with dan collins of the china money report dot com dan welcome back the max how the gong are pretty good so here in america people are throwing sticks and stones and calling each other bad names but other places of the world are actually having some geo political tension that could result in an actual geo political chaos let's talk about what's happening in india and china in what is a joke transgression it sounds like a nine hundred seventy four political thriller starring warren beatty and gene hackman but i don't think that's what it is what what is it. well we have we have a major escalating situation here in asia which has received hardly any coverage is really surprising the doppler plateau is basically an area between china and. india and acting as pertains protectorate these two have gone to war before over this area been very quiet and i've lived in china now for twenty years we've really had not heard anything about it but now we have literally the site world's second largest country has invaded the rules larg

the company is 46% owned by the shanghai government.we have a typhoon, and ,ow a signal of number 10 severe gales continue to strengthen. perhaps onet, it is which we are keeping tabs on as the morning exchange has been canceled. that typhoon signal has been raised to number 10 the now. -- number 10 in now. bankers gatherop at jackson hole, investors waiting for a preview from mario draghi, set to give a speech on wednesday in germany. , part of thesehy high expectations is be has mario draghi does use jackson hole as a plat form to indicate policy moves. around saying this time that he will be cautious and it is much ado about nothing. >> that is likely. to useellen has declined jackson hole as a platform to make policy shifts. in theh mario draghi has past, he is in a different situation. data from europe showing strength and the pickup in activity and the bottom line with two .5% growth in gdp in the second quarter, so treading a fine line given the rise in the euro. the data is pointing to a shift in policies and's for the ecb, and

a last look at the shanghai composite, marginal gains, but telcos leading the drop there. consumer staples of .3%. discretionary stocks marginally higher after galaxy entertainment's earnings. earnings driving the movement we see for hong kong and chinese shares. rishaad: earnings and economic data. well, indeed, let's get to first word news from paul allen. china shows stability with the official factory gate strengthening and august. from 51.4 last month and ahead of estimates. the economy showed cooling in july, but an offense from the turnout for exports and strong domestic demand. we will have the private caixin reading and about 15 minutes. president trump threatens to dump nafta. sonny perdue has been trying to convince the administration that the deal has been good for u.s. agricultural. smoothing out.s the second round of talks started this weekend in mexico city and the president underlined determination to put america first. >> mexico is not happy. but as i told them, you made a lot of money for a lot of years and everyone left you alone. hopefully we can renego

futures exchange now growing by leaps and bounds china has now oil contracts traded in shanghai so it you know between the you know the businesses and the the infrastructure and the institutions that china's put it in i mean it's it's it's obvious that the agents in so-called eason's asian century have been a lot faster than we would expect and the united states and china are going in completely opposite directions ok dad got a cut off their thanks and hopefully can stay on for other segment that's it for this edition of the kaiser report with me max times or stacy herbert and i like to thank our guests dan collins of the china money for comics want to catch us on twitter it's guys report and all next time. would you could you let me go to your sister's now listen nobody was playing and one million people died and i. killed people may be even dangerous. now you know one still come too late to change a few bodies randomly and that's. ok alone but. they're good to their program before more of a. couple of. beers will people been saying about rejected a night of it to understand it's ful

the highest on record in trading in shanghai.io, thank an update what we could get out of china's property prices. let's turn to the u.s. and commercial property prices because they remain near records after a six-year boom. much of it field by capital from china. some say that market may falter after china curbs investment. brian kingston says there is no as the moneyt, flowing into properties is said to become even more so. take a listen. >> we are not seeing a slowdown in terms of capital coming out of the region, and not the impact on real estate prices. if you look at where transactions have been happening over the course of 2017, prices continue to be strong in places like london and new york. sometimes it is from asia or other regions. >> how is it possible you can take that much capital, that much flow, out of the equation, and capital that was willing to purchase assets at high valuations, and not have a substantial impact on the market? there are a lot of headlines around how much capital is coming out of asia. the real

for the highest close in two years in london, and on track for the highest close in five years in shanghaicuts, andsupply copper is also romping at home. we'll talk to our guest host over the next hour about commodities from j.p. morgan asset management. let's get to sophie kamaruddin, who has your first word news. >> manus, speaking after the china story, the trade surplus expert growth remains solid while imports moderated. experts rose seven point 2% in u.s. dollar terms and imports increased 11%, falling short of economists projections in a survey. that means the trade surplus widened. japan has reported a 36th consecutive current account surplus. june current account surplus was $8.44 billion, beating estimates. that was reported by returns of overseas investments and trade balance that returned to positive territory. north korea has condemned the latest round of human sanctions and says it won't negotiate until america ceases hostile policies. the regime says the state would pay dearly for what it calls a heinous crime against north korea and its people. also insisted that its nuclea

the shanghai composite is slightly higher, treading water at december 2015 highs.cers material stocks higher. one minor is set to report results today. stocks moving on the h-share index after a slew of results. almost 4% higher, the most since february, since an upgrade after the jump in net income. sincelling the most january. it expects profit to drop. on the hind saying -- hang seng, the tech rally selling as tencent is living. it is off saving -- offsetting the rise and casino stocks. today, aac is tumbling as much as 5% of the biggest drop in a month. senge hind saying -- hang looking to snap a five day advance. overall a risk obsession in asia. a macro day.s on the micro story is north korea firing that missile over japan. saying to china and russia to step in, urging the united nations to hold an emergency meeting. pressure those saying that sanctions -- this just crossing the bloomberg terminal, russia saying sanctions are no longer useful against north korea. the russian deputy foreign minister on sanctions here. his sanctions are no longer useful, is a m

its parent jumping 10% in shanghai.ing after forecasting first half profit has risen 15 times after a series of acquisitions. due to report earnings on august 31. the singapore logistics operator, hna setting a date for of vote on the take over cwt. it is a heavy earnings day for hong kong. the hang seng index breakdown by sector, of .5%, telcos leading gains, i.t. stocks also higher. slightly lower along with staples and utilities. for the most part, a bright spot when it comes to shares in hong kong and china. haidi: we will take it. thank you for that. let's get to first word news. the u.k. will lay out more of its rags it is edition, hoping to persuade russells away from divorce talks on to their future relationship. london will publish papers on data protection and judicial cooperation. the eu must be convinced that progress has been made on residency rights, the bill, and the border with ireland. doubled linelocks total return bond fund has taken on the wall street journal over a story about shrinking assets under

shanghai slipping slightly lower.ong kong and south korea are up nicely a lot of smaller southeast asian economy markets are up european boards for you, higher today. they were slightly higher yesterday. much higher on monday. they extended some of their gains. france up 1% italy up a percent we just had some gdp data come through, 0.6% in the second quarter. 2.2% compared to the year over year number. that's just about in line with forecasts. we had some uk unemployment data earlier, which was better than expected, coming in at 4.4%. expecting it to be 4.5%. across the board, gains for european markets seeing strength in oil prices early this morning api report from the industry showed a big drop in crude supplies we'll see if that translates into the government data today that has helped to strabli istah price of oil wti trading at 47.82 brent is up further. 51.17. mention the currencies keep an eye on the u.s. dollar let's go to the dollar board especially the dollar versus the yen. we've seen a big move up in the

shanghai down a bit. european trade, which was a little bit negative like the u.s.esterday, down 0.3%, 0.4% for germany and france ftse 100 was flat. today up about 0.4% for most of those european markets >> as for broader markets, the u.s. dollar was in focus as well, pressured by those comments from president trump. here on thursday the dollar at at aat at 1.09 against the yen. the pound higher just fractionally against the dollar at 1.28. as for gold that risk-off mode helped gold prices move higher reversing those gains now. down about $4. trading at 1,290 >>> also keeping an eye on oil prices a major storm gapes strength in the gulf of mexico the national hurricane center upgraded harvey overnight. the energy market is tracking to see if the storm could impact gas and oil refineries in the gulf wti is lower as opposed to higher which could be the expected reaction. 48.2 yesterday oil gained 1.2%. that was why energy was one of the best performing sectors on the s&p. in relation to the storm, let's get to nbc's bill karins with more on today's broader weather fo

shanghai comp up 0.5%. japan up a percent or so there was a weaker yen yesterday, but also the prospect of policy being tightened in light of strong gdp. south korea is closed today as is north korea, it is a national holiday for both the only national holiday they both share it is celebrating liberation and intense from victory over japan in world war ii. let's look at markets in europe. the markets that are open are higher not as high as yesterday france and germany gained a percent yesterday. today just slight gains. gdp at 0.6% today, expected at 0 0.7% the cpi for uk, just below the 2% target, 2.6% expected at 2.7% >>> oil prices seem to be stabilizing just below $48 a barrel 47.66. brent remains firm above $50 a barrel moving fractionally as for the currency board. let's show you after a big move higher in the dollar versus the yen, which certainly signals the bigger move on wall street, we can see that continuing this morning. 110.39 reclaiming key levels there. up almost 0.75%. that a sign of weaker

line, the shanghai composite, and the line in blue. banks to rise thanks to interest margins for chinese lenders. what is moving on the regional one stock gaining over 12%, leading gains after results. set for a fresh high today. evergrande in focus today with results due out later today. qantas falling over 6% today. rishaad: the economy in august showing growth will be steady, but diverting sentiment is emerging. correspondent is with me. >> it is a mixed picture. the chinese economy has stabilized and numbers have been ok, factory gate inflation has held steady for the last three months at 5.5% growth, but the trend tends to be disinflation. early indicators that we can look at, the standard chartered confidence index, higher, rising to a four-month high in august. three key sub gauges inside that index, current performance, three-month expectations, and credit conditions, all more positive. the china satellite manufacturing index. ats uses satellite imagery industrial sites, more than 1000 in china, to see the activity there. it ro

the shanghai cooperation organization which is a security mechanism but is also an economic development. so paired the. proposed solution to afghanistan to depend on solution to afghanistan and then you have votes a united preserve the picture. politicians often make poor decisions but one former australian prime minister has finally come clean that he missed a historic series of votes in parliament during the world financial crisis his excuse sip happens the leader of the opposition tony abbott finally admitted recently in an interview that instead of attending debates he was in the same don't often secretive members only dining room where he and other astray and part of members drink so much wine that abbott then passed out of his office till morning missing a number of votes at the time when asked by reporters about the accusations he was governor governing while intoxicated his response was that is an impertinent question we had a couple of bottles of wine. maybe two it's like it was a few more likely his absence didn't spark a great depression and australians can laugh about it now

and they went to shanghai. under ordinary circumstances, in the social order of old china these two young people would have never had the chance to meet, because they were from such different social economic backgrounds. but in the turmoil of the times my father and my mother went to a high school and she was able to meet different kinds of people. so they were introduced through mutual friends. host: have you been back there? elaine: i have been back to asia. reg early when i am out of office, not so often when i'm in office. so i did go back. host: do you remember the first time you walked through the gates of the white house? elaine: i do. it was, it was actually a feeling of awe. but also of loneliness. i always wished that there were more people who are like me who are able to enter the white house. um, i come from a big family so i'm used to sharing. and at that time, 1983, it was not a very diverse population at the white house. i think the only asians that were there were the filipino stewards. and i th

they went to shanghai to look into lbgt rights in a country that has a complicated relationship withat subject. the premiere for "stilettos for shanghai" happens at the castro theater and meet my colleague and filmmaker. whatever you do this weekend, don't break up by emoji. to see it all go to abc7news.com and we'll hook you up with hoodline. >> never, right? what would do that? >> not you or i. >> we're happily married, right? >> not to each other, yes. >> really, you had to clarify that. >> i know. sometimes we argue like we're an old couple. actually what was interesting, i thought of you this morning because it was raining, and, you know, very interesting after the lightning with the thundershower and the moisture, we had the rain. >> had the monsoon and sure enough we had the thunderstorms. leftover moisture. hi, everybody. a look at live doppler 7. you'll run into sprinkles the next couple of hours, places like hercules right now, san pablo, up and down the peninsula. fremont, milipitas, san jose, you're about to get a little wet also. put it forward, and can you see definite

and hong kong as we count you down to the start of the trading day here as well as shenzhen and shanghai we have so far? revision, 3% in the second quarter, a strong and healthy gain. geopolitically speaking, tweets from donald trump saying negotiating with the north koreans is useless, bank of korea leaving interest rates on hold at 1.25% good pmi stronger-than-expected when it comes to manufacturing in china. indian growth numbers coming up, and the all important jobs data out of the u.s. friday, and last but not least, the fallout from tropical storm harvey. haidi: absolutely. gasoline jumping for a seventh straight day. industrial production numbers out of japan and south korea, japan disappointing, south korea better than expected. no surprise from the bank of korea keeping the rate on hold. let's look at the shanghai and hong kong markets given that beat when it comes to china pmi manufacturing. sophie. economywith the chinese humming along, check out chinese stocks. .1% after0 gaining the slight fall on wednesday. the hang seng

shanghai off 0.4%. a muted reaction continuing to be the consequence of what's going on there let's have a look at european trade. that's been soft this week germany down over a percent coming into today's trade for the week as a whole. taking down 2% for the week as a whole. we've had industrial production data out of the uk that was better than expected albeit a bigger trade deficit. that's down 1.1% the fts 100 down 0.5%. futures relatively -- only 0.3% or so for the nasdaq with s&p essentially flat and again today we are seeing declines dow down 0.2%. nasdaq more pronounced do down 0.6%. >>> let's get to some stocks to watch including glencore reporting strong first half profits. the swiss mining and trading giant benefitted from rising commodity prices the company is raising its full year guidance. it sees electric vehicles boosting demand. investors hoping for an announcement on the def deivide front. >>> perrigo is raising its full year earnings outlook. that stock up over 11% and then the auto s

back to barcelona. —— the player going from shanghai.xcused from training and barcelona says pelly is the money and you can apply. we will have to see how it will pay out of the coming hours and maybe days but there is now an increasing certainty that neymar will be a paris saint—germain playerfor that neymar will be a paris saint—germain player for this coming season. saint—germain player for this coming season. the implications about aikido barcelona, coors, who will be without one of their leading players per paris saint—germain who desperately want to bridge the camp gap but beingstomach and the uefa giving financial fair play clubs have a requirement to live within their means. the money involved in this potential transfer is such that many clubs, many individuals involved at the highest levels of football are looking at it and wondering whether paris saint—germain will be up to live within those obligations. now they've in paris just want to know one thing, "when will neymar sign? " u nfortu nately we one thing, "when will neymar s

en shanghai, un anciano habÍa retirado efectivo en un banco y un poco de viento hizo que los billetes

joining us live from shanghai. still ahead, rewriting the rules on housing.n behind a startup that is getting top architects to design affordable and deliverable homes. an r.b.i. cut is seen as a done deal. we will look further down the rope with the chief india economist. this is bloomberg. ♪ yvonne: this is "daybreak asia." betty: stay drop we have seen in inflation, the reserve bank in india is expected to cut its key rate on wednesday. here with the preview, it is not just about today, but it is about the rbi signal for the future. >> the change in inflation is getting to be much more marks, and something they cannot ignore it the rbi is seen cutting its key rate by 25 basis points to 6%. for indiane number inflation has dropped 1.5%, far below their target. there is a steady drop also in core cbi's across the board, which economists say this is a signal of weakening demand. jump into bloomberg with me. you have the three main measures of core inflation. the white one is pretty standard. the blue line is the core cpi, food, fuel. the yellow one, very impo

en shanghai, un anciano habÍa retirado efectivo en un banco y un poco de viento hizo que los billetesido ante el brasileÑo. amÉrica recibe a unos pumas que no han ganado de visitantes. clÁsico de la jornada tres de la liga mx. ♪ ♪ ♪ con sabor

they closed mostly higher with the exception of the shanghai composite.tails after he opens an emergency exit and jumps out shortly after landing. we have the top travel tips. it is eyeing another record high. it set over 202000. in the next 45 minutes we are also waiting on the adp report. the private sector is expected to add hundred 85,000 jobs last month. it could be a market mover. were also waiting for a job summer at the end of the week. and people are expecting close to 200,000 in terms of jobs for the last month. the actual official jobs numbers. look at where the unemployment rate is right now. we have almost a full employment when you look at where the unemployment number is. but wages are just stubbornly flat. the federal reserve has been focused on the wealth effect. they said that time and time again. they even touched on earlier. the personal consumption expenditures is at 1.5 it's been missing there. it's gone down. the monthly increase has actually gone down since the beginning of the year. so inflation pressures are peeling back. they ar

hang seng in shanghai composite. kospi down fractionally. here at home, rethinking the war in afghanistan. president trump set to address the nation tonight on the future of our military presence in that country. tune into fox business for special coverage of the speech 9:00 p.m. eastern time tonight. eclipse day is finally here. millions across the u.s.a. to take in the event and it's costing corporate america big time. it has to cost its productivity. that is coming up. big game for little league. other parts and cardinals had the featured the sports what it's all about. coming up as well. all the stories and a lot more. generally this morning, president lee carter. good morning to her. michael bloch is here and her -- and are pink. happy eclipse to all of you. a lot of news to go through this morning. >> air so much. we've got the presidency said they'll be interesting to watch. i'm glad you are here from the president. through all of the news. former nato supreme allied commander. he is here. rnc chair, former speaker dos command newt gi

speaking to our very own china correspondent tom mackenzie and shanghai.ts, a mixed bag at the moment here it details coming up. plus, the next hour, a former boj board member who was a vocal opponent of governor kuroda. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.com. xfinity mobile. it's a new kind of network, designed to save you money. >> from our studios in new york city, this is "charlie rose." charlie: graham allison is a professor at the kennedy school at harvard and the author of "destined for war: can america and china escape thucydides's trap?" he examines the potential for conflict as china threatens to displace america on the world stage. i'm pleased to have graham allison. welc

bloomberg,74 in the the korea discount, showing the andi against the topix shanghai index. shares are cheaper than their peers. has say that the dominance sapped shareholder value, are closely tied to the government, meaning the stocks are undervalued. moon has been focused on a , putting intoy place someone who will watch the family-run conglomerates and make sure they stay in line. haidi: just a status update, what about the former korean president? still on trial, a separate trial, expected to wrap up in october, so still a few months to go. will have. lee t.r.y. a big impact on what will happen to her. an author we spoke with had this to say. >> it is important for the prosecution that he is it because that means they can go for the strongest penalties against the former south korean president, so in that sense a lot is hanging on for the prosecution case, and she can expect to have a long sentence. even if this jay y. lee trial goes nowhere and he is acquitted, there are other family conglomerates that the prosecutor has been looking at an line for questioning and poss

tom mackenzie is covering the brics in shanghai. rushing off the latest sanctions?ng off the latest sanctions? tom: that's right, remaining bullish for russian growth, saying sanctions approved by the u.s. congress on july 25 and sitting on the president's desk would not hobble the growth trajectory for russia. he said it was more about trying europeanhe wings of companies trying to do business with his country and said it was a u.s. ploy. take a listen. >> the u.s. sanctions do not involve russia. european business and u.s. business. relations are becoming worse .fter the announcement made the u.s. is trying to win competition against european companies in different markets. divisioning up the have seen over sanctions, not just between the white house and congress, but the u.s. and the eu because of course we heard from france and germany, their disappointment at the u.s. congress stance because they see french and german business is being targeted, trying to curtail their relations with russia. picture, it is positive. he expects full-year gdp above 2% for russia