this man has been in shanghai to 14 years.” the world. this man has been in shanghai to 14 years.ghai. there are international executives on this award and this has recommendations by businesses and through the dialogues that the business has with the government, they are able to identify key areas where they need to double up. implication it alike is what is said to hold mumbai back. they are using 1 million cameras in shanghai, that, at the traffic is through the camera ‘s. there is a shanghai 2020 plan, 2025, at 2035. mumbai has plans, but where they differentiate that is implementation in mumbai is lacking. some say even by turn into a shanghai, but it needs a massive infrastructure overhaul and a strong political will. fast paced element in shanghai came at a cost and the government brushed aside all to dos, including displacement issues. the question is, whether mumbai would be willing to pay that price. let's briefly look at the asian stock markets, all well entrenched in positive territory after gains on wall street overnight as investors judge the latest tit—for—tat tarif

you're from shanghai?thony: at least in modern times, it's hard to imagine that any place has changed as profoundly and is changing as quickly as it is changing here. >> thomas: we, we, we really feel proud. we do feel proud. our qualities of life is improving really, really fast. >> anthony: in a poll, 85% of chinese who are asked the question, "do you feel that your life will be better next year?" 85% said, "yes, it will be better next year." this is an extraordinary -- >> thomas: number. >> anthony: -- number. i don't know a lot of other countries that would say that. >> thomas: uh, yeah. >> anthony: well, that looks great, those are famous. >> thomas: they are chicken. >> anthony: chicken. >> thomas: chicken, uh -- >> anthony: mmm. so good. >> thomas: not bad. >> anthony: you know i'm finding this food really, really delicious and you're -- you're saying it's just -- it's okay. >> thomas: it's so-so. it's really so-so. >> anthony: it's so-so. [ thomas laughs ] >> anthony: oy yoy, wow! and i don't add u

this year's world artificial intelligence conference is underway in shanghai it showcases the latest advances in a field that china wants to lead by twenty thirty authorities hope that a national top ten ranking based on criteria like funding local support and left facilities will encourage competition perhaps unsurprisingly beijing is already in the top spot it's home to many ai research facilities which enjoy broad political support shanghai comes in and are two. and when it comes to artificial intelligence china faces competition from countries including germany berlin is one of the top ten cities in the world for ai research but its ambitions are hampered by a lack of old fashioned human intelligence companies here suffer from an acute shortage of skilled workers and programming talent. and ronnie trains robots to learn skills they have to figure out where something is and what to do with it he takes them through thousands of. for in scenarios. but there aren't enough programmers in germany who can develop artificial intelligence projects like this. under software as a couple of

>> it is almost 9:00 in hong kong and shanghai. welcome to "bloomberg markets: china open." >> caution the word in the market. china returned to trade. >> trade continues to dominate sentiment. andw deal with south korea china says the door to talks is open. could send the rising dollar back down. >> and a big week for central banks. indonesia may act again to support the rupiah. rishaad: [indiscernible] critics say it is a tweak to the original. yvonne: we are going to the imported, whether this list is going to be much. certainly a lot of questions. obviously we've been talking about trade, these politics, once again dominating the markets. the setup actually pretty mixed so far. the nikkei in japan returning from holiday on a positive note. we are seeing the nikkei up about 0.1% right now. if we look at the rest of the market, we're seeing it mostly lower today. we talk about this mini revival in the dollar. take a look at how the china setup is going to be. china returning from holiday and if you see, we saw the hang seng yeste

robin brant, in shanghai, thank you so much for your insight.smaking headlines this morning, the indian tycoon vijay mahlia will wait until december to see if he will be extradited from the uk to india to face fraud charges. dehli wants to extradite the 62—year—old businessman to face charges relating to loans worth roughly 1.4 billion dollars taken out by his defunct kingfisher airlines. his lawyer says the indian government has not provided any substantial evidence to justify their claims. and, before we go, oil has risen above $80 a barrel to its highest level this year, after larger than expected drops in us crude inventory is an us sanctions on iran adding to concerns over the global oil supply. the trump administration is ready to impose sanctions on oil export and worries about hurricane florence about to hit the us is coast shortly. and here is a look at how markets are faring in the us. we saw the nasdaq falling. the snp and the dow higher after a report that washington might be able to begin bilateral negotiations. the nikkei has opene

shanghai up 2.5% japan up again european markets are higher.all of this with the ceo of bnp paribas. >>> let's tie this altogether with a man who has another great view, albeit from minneapolis, minnesota. craig johnson from piper jaffray. i have to say it, you were spectacularly right. months ago you came on this program and others and you said we'll get a hop, a drop, a pop the markets would look shaky, then they would take off man, you nailed it are you even surprised, craig, by how strong this market has been will you just be like, yeah, i knew it. >> i'm definitely surprised by how strong the market has been good morning happy to be back on the show thank you for having me. from my perspective, i put out a piece called will this be a breakout or a fakeout. i'm growing more concerned there's a lot of good things happening in the market. economy chugging along nicely. unemployment rate is very low. we are seeing wage increases happening, but a lot of good news looks to be already sort of baked into this tape here specifically is what i'm wat

maybe twenty nine degrees and rain is going to continue and you are from shanghai all the way of the here towards chengdu and then as we make our way towards the southern parts of china and into the south china sea over here towards the philippines things are improving in terms of re-expression for luzon over the next day but we are watching in particular what is happening out in the pacific because that tropical storm just right there on the edge of the chart that is going to be making its way to the west and then to the northwest but for the philippines i think maybe just a cloud or two and maybe some rain showers. part . reminder of our top stories the. hopes are fading and tanzania for around two hundred fifty passengers missing after a ferry capsized these one hundred people are now confirmed dead totals are expected to rise as more bodies are found in lake victoria. the president of vietnam has died in hospital the age of sixty one the government says quiet has been sick for several months he was one of vietnam's most three most powerful leaders. and the u.n. is warning the sit

in hong kong and shanghai. rishaad: asia-pacific mixed. rising, the yen on the slide. yvonne: tesla a loser after hours. elon musk accused of misleading investors. s.e.c. says he fabricated the go private tweet. rishaad: growing predictions of $100 accrued. brent at a four-year high. yvonne: brett kavanaugh testifies on capitol hill. christine ford says she is certain the judge of assault at her. ♪ rishaad: of course we had the dramatics in congress today. price is something to really be watching. the dollar on the move up. of people saying we are in for dollar weakness. they say trying to predict currencies is the hardest of all. yvonne: everyone saying the rate hikes were priced in, but the dollar on the climb. more about the currency. we are talking about the japanese stocks having a happy friday. up 1.24% on the nikkei. highest for the dollar-yen trade this year. that is boosting exporters today. singapore coming online. up .6%. aussie stocks in favor. a little bit of weakness for the kospi, but it is the dollar trade, the offshore renminbi as well, under pressure

shanghai up 2%. >> coca-cola considering a healthy new drink.h pot, fbn:am continues right now. lauren: good morning to you it is tuesday i'm lauren simonetti. cheryl: good morning everybody i'm cheryl casone. coming up on 5:30 in the morning bright and early and we have news breaking very early this morning. lauren: that is china vowing to retaliate now that president trump has announced tariffs additional of chinese goods threatening even more. will this be a shock to the economy and anthony chen is chief economist at chase and joins us now. what do you make of thawfl, angt anthony. >> darkest before the dun and you can see reaction of financial markets encouraging when you look at what happens to chinese equity markets overnight, shanghai equity market going up by 1.8 pblght and even our futures here in the the united states a little -- a little higher. so i'm homing that the cause, the talk appears to dim that, in fact, it will encourage negotiations on beth sides and hopefully able to get through this. >> and investors hoping for negotiatio

they touched down in the mega city of shanghai on the first leg of their tours china. last season's runners up got a warm welcome from local fans at the airport a small taste of things to come. to. this trip's an opportunity to further cement the team but most of the players know each other well but we also have a few new faces. they're all spending a lot of time together and that's what we want to do she says. when it comes to downtime activities at a football training camp table tennis ranks high on the list. and in china it's an obvious must in the first team tournament the ping pong honors went to a ukrainian and an argentinian. i think you think you need to support the people coming today i think with the service and we really hope you don't think you're going. to show the tour was also part of a longer term sporting and marketing strategy. from you know to obviously at some point we'd like to welcome a young chinese talent to the shark academy we also know we can profit as a club from being involved in the state sponsored football in china project. to fulfill to.

he joins us in shanghai. a lot more to come on "daybreak: asia.". ♪ shery: this is "daybreak: asia." bloomberg's series continues this evening airing at 7:00 p.m. hong kong time. this latest episode has haslinda opportunitiesor come up betting big on china's signature issue. ♪ the countries, the belt and road initiative offers opportunities. indonesia, from malaysia to hear and thailand. projects worth hundreds of billions of dollars out of the way. high-performance activity. we can see that it would help. thehis is one of medium-term economic groups. --t year, the broader is specific gain will kick in. is adding bigland on the belt and road, investing tens of billions to turn its eastern provinces into an economic corridor. a high-speed rail from here in bangkok all the way to china. the mega station will serve as bangkok's rail have heading hoursto china through the -- laos. it will also link the country's airports to thailand's economic corridor. to be ave planned it capital, so to speak. , but withn thailand other countries come all neighboring

on the shanghai composite, that is lower by 0.7%.hinese equities the risk of sentiment relates to trade wars seems to be reflecting. the shanghai composite lower. have been seeing copper get hit on the london metal exchange. that is something to know. -- notes. brent crude a four-month high above $80. we are now above $81 a barrel. wti higher as well. atst half revenue coming in 1.96 alien pounds -- a billion pounds. tax coming in at 311.1 million pounds. the estimate was 315.3 million pounds. that first-half pretax is a little bit of a miss from next. the interim dividend per share is coming in. , whatare the main numbers investors were looking for was a focus on the u.k. consumer and any share buyback comments. not seeing any of those come through. a change of the top of the tobacco chain. we have breaking news. british american tobacco names the ceo. the new cl. -- ceo. the current ceo has delivered a return of 9.33%. his peers delivered a return of 13.3%. there is a new ceo. it will be the first of november. jack bowles. that is

narrator: shanghai is to china what new york is to america.ymbol of success and a warning about the price that may have to be paid. professor geofoffrey heal: china isn't just an economic super power these days, it's a green house gas super power too. china has now over

let's bring in our first guest from shanghai. the chairman of global trade credit. over $1 trillion in business transactions worldwide. thank you so much for coming on the program. as a background for our viewers who are not as familiar with what your company does, correct me if i am wrong, it is almost as if you are a credit default. demand for your service tends to go up when you have these uncertainties. i am curious as to whether you see demand for your services go up given all that is happening right now. see a surge inwe demand for our services, knowing we, in short, trade globally. we ensure the nonpayment of invoices between companies, and of coarse, as soon as the risk increases, the price of risk increases, but also the demand for our services increases. fred, it is rish with david. it's not just about nonpayment, etc., but also about invoicing in the long-term view of that and how long it is taking for those invoices to be paid. are you seeing any different there? >> yes, we see a constant rise outstanding.ll -- the number of days it takes for a company t

you are seeing the shanghai composite underperforming the msci world.ong has the economics of china of an em but has the monetary policy of the u.s. because it pegs the hong kong dollar to the u.s. dollar. do policymakers do anything reciprocal there or do they let the chips fall? shery: not so far. they have been good in going along with what the u.s. is doing and pegged to the u.s. dollar. we have not seen moves ahead from that side. the moves that we have seen are from the chinese mainland to curb the downside in the shanghai composite. every time we see the downside in the shanghai composite in the last few minutes of trading, the national team comes in and kick thing up -- kicks things up. we are showing liquidity in the markets in aggregate financing. they have been up. not as much as before, but in some form or another like media term lending facilities or other tools. romaine: with all of these measures, you would think you would see a little more activity going back and. what is sort of the consensus -- back in. what is sort of the consensus ab

the shanghai and shenzhen is up. maybe they are going to build more ghost cities. >> a little correction. at all democrats oppose what the president is doing and that includes me and that includes chuck schumer with what we are doing china. i happen to agree with this president who says we should have confronted the stealing of intellectual property a long time ago. i think he's right. the impact of how it's affecting the market, this is a jury that's out. this will hit consumers. the president says there may be some sacrifice involved here. but it's sacrifice we need to make. i would react to that, i think other americans would too. we'll see when it hits. charles: we talk about grandiose numbers. $260 billion. the tax spread across a $20 trillion economy where the largest corporations make $2 trillion in their pocket the last two months. i think that's bifurcated in the message in was the china stuff and the realization we have an amazing economy and this won't slow down. tammy: they have seen the president operate

called her fans "brave" after videos showed security guards dragging people from their seats in shanghai

and china with the shanghai composite index up this week and in fact down though for the last year and down this year to first nine months of this year sort of the same story in a hong kong the hang seng up this week but down this year to basically flat for the last year of time last twelve months and down in australia the australian securities exchange they're up those are the two hundred most looked at companies in australia moving to the euro zone we first start with the cac that we've spoken about in detail not long ago with down only yogurt company and others topping the cac that's up and the german dax that peter all over told us about recently including bear which as been down to the dax has been down and bear has been down not just on the week not just on the year not just year over year but for the past five years guys bears been taking a tumble for a long time and by the way before we leave the euro zone we told you last time about the a talian budget proposal well it's come out and they have disregarded some of the euro zone leaders who wanted to reduce the budget and italy

called her fans "brave" after videos showed security guards dragging people from their seats in shanghaihat's all. stay with bbc world news. and the top story in the uk: theresa may has described a russian television interview given by two men suspected of poisoning of a former russian spy

degrees celsius not soup at sea for good parts of southern china twenty four celsius that so for shanghai come further south getting up to thirty one in the. kong central area still saying some lively outbreaks of rain from time to time that will sink a little further south was hong kong in the clear head temperatures getting up to thirty degrees by just some cloud and rice and lively shall is still in place close the fall north of the philippines to lose on still seeing some showers more the west sunshine than shallows thought of the system not say far away but that will buy places i stay offshore see it as we go into wednesday but it won't be too bad central some apostles as seeing some showers showers stretching their way across a good part of borneo some are seeing some sunshine as has but lousy five and try the singapore. city hospitals to community health and to change is happening across china. and for one six year old boy there is now home. from the bomb just zone is from the countryside he came to a big hospital and experienced dumpsters perform the operation for him. how to care

shanghai is about seven points above that 2016 low.t closed 0.3% australia as well lower for the day. southeast asia is a bit mixed. the philippines stand out to be one of the worst performing markets. other things happening here, oil has helped put pressure on a lot of the airline stocks in the region. the low-cost carriers tend to be the least hedged here. that is the state of play across markets. thank you so much. trade worries casting a shadow on asian equities. let's get the latest on the tariff battle with bloomberg's chief asian equities correspondent. great to have you with us. the wto going to ask for permission to retaliate against certain u.s. products over dumping violation. how serious is this in terms of escalation? older storyit of an when it goes back to a dispute in 2013 when china accused the u.s. of putting anti-dumping measures on imports of machinery and electronics, trying to make the more expensive versus u.s. competitors. china won the case. america never reciprocated and made the compensation to china. that is

of winter but until that you get a beautiful thirty one degrees in hong kong and twenty five in shanghai. the environment doesn't know any boundaries what goes up into the environment goes around the world. the sides are pushed on grounds that it's a very modern way to do poppy and we've made poisons the measure of progress. a little mystic relation. we're going to the man from act it should be your. circle of poison on al-jazeera. it's good to have you with us on our top stories to earthquake followed by a tsunami have devastated the central indonesian island of. four hundred people have been killed in the. rescue workers still haven't been able to reach many areas likely to be badly hurt donald trump has ordered an f.b.i. investigation into sexual allegations made against his supreme court nominee brett kavanaugh that means the full senate on his confirmation will be delayed for at least a week and funerals are being held for the seven including two children who were killed by israeli for on friday. along. with israel as part of protests which began in march. many u.s. communities are

the north there will be more in the way of drawing weather looks like it should be but drawing for shanghai as well all temperatures at twenty eight. deported from the u.k. and indoctrinated by somalia i was unsure about how kind of a young man this illusion pipeline we've built as large as a mixed race going to make a big mistake here. is from africa's no not call me at all for my kids last warrior a witness documentary on a jersey you can't say. take a look at the top stories here about zero france's military chief says his country is prepared to strike syria if the damascus government uses chemical weapons the syrian government and its allies are widely expected to launch an offensive to retake rebel held province in the coming days the french armed forces chief of francois was speaking to reporters in paris. white workers of a south african petrochemical firm are on strike around three thousand employees it subtle sickened a planter on happy that blackwell because of exclusively being offered company shares south african law requires firms to meet craters on black ownership and employme

bad at the moment largely clear skies this line of cloud which runs from the southwest up towards shanghai will sink its way further south which as we go through the next few days the. pitch the heavy downpours right across southern china hong kong never too far away some wet weather also affecting taiwan i will continue to just drive this where a little further south was lost a little circulation here will bring some rather heavy showers possibility of a little localized flooding certainly not out of the question over the next few days and as you can see taiwan seeing the heavy showers north of that it brightens up shanghai gets up to around twenty nine degrees celsius in the sunshine not so much sunshine across northern parts of india but further south the skies a good deal clearer a good deal drier here into caroline's a tumble not due and also into flanker but this little area of cloud has been swirling away for some time has made its way in from the by a single some heavy downpours coming back in across the northern plains and if anything that will nudge a little further north woods a

group arts were in focus at the world artificial intelligence conference in shanghai this week the event brings together scientists developers and corporations china says it's willing to share development opportunities in the digital economy with other countries. one major area of interest for programmers around the world is machine learning the opportunities for growth appear to be significant even if there are a few stumbles along the way. staying with robots here at the micro c. starts up in berlin programmers are teaching machines how to recognize objects and their functions. those with the know how to do this are in high demand in germany competition for their skills is fierce. has come to us with a couple of candidates who have these very specialized qualifications are very good at what they do and will invite them in and discover yeah we'd like to work with you in that case we're happy to pay you to bring this sort of talent to berlin. coding these kinds of programs is tricky there are no a stoppage procedures to fall back on that makes projects of this kind especially challenging

the shanghai composite headed. 2014. close since imposition united states is putting on chinese goods at 10% is coming next week, it will rise to a 25% levy next year. we are seeing the msci index higher nonetheless. the yuan stronger. the bloomberg dollar index is a steady as well. we saw a selloff across the london metal exchange yesterday. we and copper dropped 1.5%. and has recouped some of those losses. markets taking the latest news on the escalation of the trade war in stride. joins us, howard shore after 9:30 a.m. u.k. time. that is something to look ahead to in surveillance. for now let's get the bloomberg first word news. >> the u.s. supreme court nominee brett kavanaugh and the woman who accused him of decades-old sexual assault will testify next week before a senate committee. the senate judiciary committee will hold a hearing on monday, bowing to pressure from ford, whoto hear from says cavanaugh assaulted her at a party when they were in high school. south korean president diane is ---- president moon john

this is the shanghai composite over the past -- well you can see 2003 to 2018 so think if we appliedle i mean, that would then imply or be said that we had a bear market here. in 2004. then another one in 2009 then we had another one in 2011. we had another one and then we hit another one. that's patently ridiculous yes? in fact, we go to the next screen it means these were all bull markets up 500% and then up 100% then 40 there have been bulow one bull, one bear, a second bull and bear let's look what with he know is this. this was essentially a bull market all through here to the peak, the commodity peak, this was a bear market. that this was a second bull. and that we are now in a second bear the 20% thing, non-sensical stay away from it more important how much worse could it get you draw a simple trend line my hunch is we come down and find this line. we have been here a few times. it implies another 6% to 8% could happen overnight this is a highly volatile thing. but emerging markets and shanghai specifically not good >> should we invite carter back to the desk. >> yes yes. >> j

rates from shanghai to l.a. are at a four-year high.benchmark for a 40 week,ontainer box this $2300. at a week ago. rapidly rising up. u.s. retailers want to avoid this because they are avoiding the tariffs. off can probably hold raising prices. if they miss the boat, and they they still well, have until january 1. that is when the 25% tariffs kick in. we will see a lot of movement. the currency goes out. >> we have others bracing from a fallout for a trade war. cap -- gap says it may have no costs tot to pass on consumers. >> we are watching it very carefully. confined toade war china. not in our largest country of origin. diversifiedd and our base. some things will be impacted. we have looked at counter sourcing. we are looking and seeing, what is the implication? that is the big issue. we are moving down that path. -- tax on a profile the consumer. it is unfortunate, especially as we get into the holidays. raisele says they will prices on the watch. it at thenot impacted i think in some cases, we will have no choices but to pass this

shanghai and south korea doubt all over concerns over the trade spat between china and the us.eting in washington today with trade representatives to talk about the nafta trade agreement. all that on the agenda in business. up next, newsbriefing — we'll take you through ther stories making headlines in the global news media today. a new report is warning a million more people will have diabetes in 20 years. public health england has compiled what it calls "the most comprehensive picture" of the nation's current health and future fitness. our health correspondent james gallagher reports. how health is changing rapidly. a million more people will have diabetes in 20 cities time, dementia is one cusp of becoming one of the biggest killer of men. —— 20 years' time. while heart attack and cancer rates keep falling. the nhs will have to adapt faster than at any time in its history in order to cope. prevention and the role we can play stop it also shows the changes in nature of illnesses which the nhs will need to and it highlights addressing social inequality. smoking is one reason f

right fromight shanghai told rotterdam, and you , a ratchetingy higher shanghai l.a., shanghai rotterdamopposite direction. ofs is the manifestation actually shipping goods around the world. throughout the trade war's, does it cost? >> it sounds, and you hope that's the sort of message which president trump is getting from the more sensible members of his administration, saying we understand what you are doing, you are trying to squeeze the chinese into making concessions this ishis escalates bad for the world economy and bad for the u.s. economy and your voters. gohow far does this have to for it to have an impact on the fed in the sense that it stops tightening? is it the imposition of all chinese goods? where do you draw the line when you start to a, the fed could cause the tightening here? >> it is difficult to be scientific about it, but we are getting to a point where the u.s. economy is growing strongly, the labor market is tightening, you're beginning to see underlying wage and price pressures. what we know is that this is not ,he point where the fed stops and it is not the stage

i must say, we just held a number of symposiums around the world, shanghai, london, and toronto, and up in other places than canada. they are very active, not just in the u.s., but in other markets, despite what currency trends might the at any given time because of their more long-term investment profile. money we saw chinese flooding u.s. real estate a few years back. and the trade tensions u.s. move to strengthen regulation against these investments, have we seen the impact as of yet? >>. we have just look at the statistics -- >> we have. just look at the statistics. chinese capital was 22% of acquisition occurring around the united states. this year, it is 8%. so there is a big decline. putee chinese investors property on the market to liquidate for a variety of reasons. but from a private investor perspective, coming out of china or other parts of asia, we have not seen much abatement in the interest in small to midsized apartment buildings, student housing, even shopping centers. they really see it as more of a family investment. they are not looking at immediate yield. they ar

we have seen that in the past when the chinese have come in at key levels and the shanghai index was testing its 2016 lows and a break below that would have been a key. there has been speculation that has taken place. we saw that in the currency currencyhen the u.s. crust came in. there is speculation. they are sensitive to these things. it is not just the fundamentalness they watch. scarlet: we have numbers on china's treasury holdings. they sold to a six-month low. they are specifically $7.7 billion to 1.1 sterling -- 1.1 trillion in july. this is one of the big concerned with the trade tension on whether china might selloff holdings. in: on that recent theme china intervening with the market, there is a report on bloomberg with deutsche bank saying if the national team comes in, now would be the time. it makes you wonder if they have not come in. michael regan, one of the big stories of the year that has gotten to a fever pitch is divergence between the u.n. and everyone around the world. you wrote an interesting note on jpm, is there some vibe that maybe the convergence will happ

markets in shanghai up 2% overnight. >>> this morning, a third korean summit under way.uth korean president moon jae-in landing in pyongyang and greeted by kim jong-un as you can see here. the three-day meeting comes as tensions rise between the u.s. and north korea with the frustration of the denuclearization process. joining us live is paula hancocks from seoul. paula, good morning. >> reporter: hello, dave. it was a warm welcome from the south korean president. they had a motorcade going through the streets of pyongyang. both leaders standing out of the roof and waving to 100,000 residents on the streets chanting unification. something they were clearly told to chant. among the warm reaction we are seeing here, we saw the comments with the leaders. moon jae-in saying he felt emotional when he saw the warm welcome he was given. we heard from the north korean leader kim jong-un saying his people want a fast result as earlier this year. at the same time, there was an article at the front page of the state-run newspaper that the u.s. is to blame for the issues with pyongy