toitically, i am not close shinzo abe. [indiscernable] amended -- like-minded japanese people supported shinzo abe. that makes sense. because it isse strong for america. we understand the people who were not well doing is the life of american. [indiscernable] enemy isctive to say not ours, but outside. maybe a trade partner. maybe not so much. perfection is another reality. what japan did in the 80's and 90's, we did not retaliate. we have tried to find a way to save divorce. japanese and american people are comparable, trying to save .ree-trade and also alliances it is crucial because of the cold war. now more crucial because of china. probably what people are trying to do. i hope what they need would framework. [indiscernable] -- japan.structure japanended up with -- in and that is less inviting. why not the future? -- is a person who is done with japan. that is important. the talk is ongoing. i have no idea. the economic talk continues. has a common interest with -- united states to sometimes china is ignoring internati

japan has paid a lot and shinzo abe has done a lot. sheila was referring to a long list of security reforms and him will mentation of policy the u.s. has in calling for and shinzo abe has done a lot of those on his watch. overall, the total u.s./pacific military construction budget of $39 billion, japan and south korea are paying 32 billion of it. japan paying for facilities and guam, clearly not their own territory. even with that is pointed out, there is a lot of yeah, but. it is still not enough. north korea policy, japan like many of us are surprised from the shift of brink of war to negotiations. they talked about concerns about too many concessions. also, there is a context of over there. we have seen senator graham, president trump referring to the region over there as distant and distinct. that is in the concept of war, whether -- yeah there would be a war but it would be over there. we have troops as well as civilian citizens there and we are committed by treaty as doing the right thing to protect our allies. even in the sense

[indiscernable] prime minister shinzo abe -- prime minister shinzo abe a held a summit with the pacific island nations. that was amazing. confirming the free and opening pacific strategies. confirmed, the promotion and the establishment of the rule of law and freedom over and again -- over navigation. strategies with partisans. it is confirmed and reduce confirmed the promotion and establishment of the rule of law and freedom of --. -- stability and corporation of the field of american --. that is a very clearly consistent public thinking in every move of japanese government. i never belong to to government. politically, i am not close to shinzo abe. [indiscernable] -- like-minded japanese people supported shinzo abe. that makes sense. that makes sense because it is trump america. we understand the people who were not well doing is the life of american. [indiscernable] very effective to say enemy is not ours, but outside. maybe a trade partner. maybe not so much. perfection is another reality. what japan did in the 80's and 90's, we did not retaliate. maybe a trade partner. what japan d

ago today people gathered in the hiroshima peace from oriel park to pray including prime minister shinzo. august sixth known as a bomb day or people gathered in the hiroshima peace from oriel park to pray including prime minister shinzo. august sixth known as a bomb day or hiroshima day is met globally with calls for peace and nuclear disarmament on this day in one thousand nine hundred five an american warplane dropped a nuclear bomb in the port city instantly killing eighty thousand people it is sometimes called history's deadliest one. a legend has it that back in one nine hundred seventy three a group of motor sports fans met at a british pub and invented the lawnmower race and in durance test that is a low budget alternative to the famous twenty. for hour now nowadays event the event is a highlight and enduring test that is a low budget alternative to the famous twenty four hour of now nowadays event the event is a highlight of the british racing calendar forty three teams from around the world competed this year let's see who cut their rivals down to size. sunset in england time to

two thousand and twenty lympics the president of the took your games met japanese prime minister shinzo avi to discuss the plans japanise current experiencing a severe heatwave that his skin one hundred and twenty people with temperatures exceeding forty degrees celcius organizers fear similar conditions a few lympics that with athletes at risk the olsen looking at introducing early stops times for the competitions am. you're watching news coming up ahead many german and european companies are doing business with both the u.s. and iran but us president trump and given them a stock choice is either one or the other. no for good good or was good deed every news on the door just done a new draft from google play all from the app of stall. that'll give you access to all the latest news from around the wasn't. as well as push notifications for any breaking news. you could also use a detail the actress and photos and videos pictures think might be of interest to us. stand by and get it firstly becoming with you shortly with business news you're watching the debbie music live from but then. ta

rishaad: bank of japan does it all lead them and shinzo abe, too?ong way to go when it comes to strengthening the economy. there.ore is needed with economic growth above the potential, it is moderate -- moderately inflationary for japan. there are big risks coming up for the bank and abe next year when it goes up in october 2019. last time it went up, the economy went backwards. that is the big test. we need to see business investment rising, consumption rising. it needs to be strong before we go into that tax hike. rishaad: that was brett miller, -- economistnomic joining us from japan. we will have jack loewenstein coming up, plus, asean economies. the philippine monetary policy system and the growth process. this is bloomberg. ♪ rishaad: i am rishaad salamat in hong kong. this is bloomberg markets. helping beige and benchmark past losses we had early friday. trade in emerging market policy, weighing on traders. not undue, given what happened with the turkish lira. and 4.7% in the session down nearly 10% in the last four or five trading days. let'

that would be welcomed as -- by saying job a -- by shinzo abe.mation leading gains. i want to take a quick look at the tropics. we could see it breaking out of its range as it is gaining ground. this is bloomberg. ♪ rosalynn: and the first word headlines. lawmakers backed the finance minister. the economy suffers fallout from the u.s. decision to withdraw from the nuclear deal. iranian chief tried to defend himself saying iran and the u.s. are in an economic war. musk wrote that tesla will remain public after shareholders essentially asked him not to continue. company's cashhe position and ability to ramp up and meet output goals. has set a new record at auction. gto smashed the previous record by $10 million. ferraris have generated the highest prices in recent years. 1963 version sold for $33 million earlier this year. lifestyles of the rich and crazys -- the films the boxans topped office for the second straight weekend. warners already inspired bros. to start work on a sequel. it is powered by more than 2700 journalists and analysts in more t

people gathered in the hiroshima peace memorial too pray, in putting - -- including prime minister shinzo. hiroshima day is met locally with calls for peace and nuclear disarmament. on this day in 1945, an american were playing d drop a nuclear bb on the port city instantly killing 80,000 people. it is sometimes called histories deadliest. in italy, two people have died and more than 60 are injured after a tanker truck exploded near the northern city of bologna. because part of the highway to collapse. it caught the disruption on camera. >> watch the white and yellow tanker. it allows into the truck and front of it instantly starting a serious fire. the mamain explosion came minuts later after r other vehicles had managed to clear the scene. the italian media say the tanker was carared -- was carrrrying ld pepetroleum gas that it has not been confirmed. emergency services wrought in helicopters to try to put out fires. when the smoke cleared, four of the highways eight lanes were collapsed onto the road below under the remains of the fuel tanker. authorities say the number of casualties c

abe putp, can shinzo scandal aside and win another term as party leader.tokyo for the latest. this is bloomberg. ♪ yvonne: time in hong kong. ramy: i'm in new york. you are watching daybreak asia. haslinda: the european union faces a new threat with italy's saying it is prepared to veto budget of illegal immigrants. it will look at all measures considering the zynga market finances and oppose anything that isn't convenient -- the market finances and oppose anything that isn't convenient. the lira has fallen sharply this month, half as much again as the next worst-performing currency. the imf expects saudi arabia's budget deficit the fall below 5% of gdp this year, the first time it has done so since the all crash of the kingdom finances. narrowed to 4.6% of gdp and 1.6% in 2019 on better collection of a new value-added rises,re energy price and hyper spending. several people are reported dead in a mass shooting at a mall in jacksonville, florida that was hosting a video game tournament. police say one suspect is dead at the scene, but it is not clear if th

the japan times' top story is a move by prime minister shinzo abe to run in the liberal democratic party'sl set the stage for a two—way race against former defence minister shigeru ishiba. mr abe said he was determined to lead the nation as ldp president and prime minister for the next three years. the straits times here in singapore reports on a major housing development at a new punggol district to be started later this month. the times says punggol point district has been envisioned as a smart and green town that pays homage to its heritage as a farming area. and the new york times has a front page feature on the rising haitian/japanese tennis star naomi osaka. the 20—year—old is training with sascha bajin, best known for working as serena williams's hitting partnerfor eight years. sri lankan forensic experts are trying to identify dozens of skeletons found in a mass grave in the north—west of the country. it's not clear who the victims were or what happened to them. tens of thousands of people were killed and many others went missing during 26 years of conflict between government troop

a recent poll has predicted prime minister shinzo abe will win, effectively extending his prime ministershipmyanmar‘s state counsellor aung san suu kyi. ms suu kyi is in singapore for a four—day working visit and delivered a lecture. in it she said her country hopes to work with bangladesh "to effect the voluntary, safe and dignified return of displaced persons from northern rakhine". and finally the arab news features a story on eid. more than two million muslims took part in the symbolic stoning of the devil on tuesday. its the last major ritual of the hajj pilgrimage that heralded the start of eid al—adha. let's return to our top story. and there've been significant developments in the legal cases against two of president trump's former senior aides, paul manafort and michael cohen. earlier, i spoke to carol leonnig from the washington post. she explained which of the two cases could be most the damaging for the president. in some ways, both of them are very bad for the president optically, because these people were if not best friends with him, very close to him on the campaign, and he t

ago today people gathered in the hiroshima peace memorial park to praise including prime minister shinzo august sixth known as a bomb day or hiroshima day is met globally with calls for peace and nuclear disarmament on this day in one nine hundred forty five an american warplanes dropped a nuclear bomb on the board city instantly killing eighty thousand people it is sometimes called history's deadliest. in italy at least two people have died more than sixty are injured after a tanker truck exploded near the northern city of baloney of the blast sent a massive fireball into the sky and it calls part of a highway overpass to collapse a police surveillance camera cult the destruction. watch the white in yellow tanker . eight plys into the truck in front of it instantly starting a serious fire. but the main explosion came some minutes later after other vehicles had managed to clear the scene. italian media say the tanker was carrying liquefied petroleum gas but that's not being confirmed by officials. emergency services brought in helicopters to try to put out the fires. when the smoke clear

thousand and twenty lympics the president of the took your games message japanese prime minister shinzo abi to discuss the plans japan is currently experiencing a severe heatwave that has killed a hundred twenty people with temperatures exceeding forty degrees celsius or when ises three a similar conditions at the olympics would put athletes at risk they're also looking at introducing early start times for the competition. yeah joins me now and everybody is generous about germany's straight so that's what i think germany's monthly trade figures are out. there is indeed a mild surprise the seasonally adjusted trade surplus now it's just over nineteen billion euros mainly because imports on a record high could come as welcome news to the critics of germany's massive trade surplus like the us president almost from for example but the international monetary fund has also long criticized the imbalance and it's not sure germany has done enough to contractors. international trading partners have long begrudged germany its trade balance the country sells much more than it buys engineering and t

the japan times' top story is a move by prime minister shinzo abe to run in the liberal democratic party'sstage for a two—way race against former defence minister shigeru ishiba. mr abe said he was determined to lead the nation as ldp president and prime minister for the next three years. the straits times here in singapore reports on a major housing development at a new punggol district to be started later this month. the times says punggol point district has been envisioned as a smart and green town that pays homage to its heritage as a farming area. and the new york times has a front page feature on the rising haitian—japanese tennis star naomi osaka. the 20—year—old is training with sascha bajin, best known for working as serena williams's hitting partner for eight years. now, what stories are sparking discussions online? while convienent and affordable, ride—sharing apps around the world have faced a lot of negative press in recent years. some are blamed for adding to congestion and unfair competition in many major cities. now, china's ride—hailing giant didi chuxing has suspended its

allegedly in exchange for government grants the scandal underlies the challenges facing prime minister shinzo abi who is pushed to enable women to enter the workforce mr obvious education minister says the government will investigate admissions process at all japanese medical schools. yesterday federal judge ordered a mother and her daughter to be returned to united states in mid air flight after discovering they had been deported by the u.s. government in the midst of their immigration appeal in court not only did the judge say the action was unacceptable he held u.s. attorney general jeff sessions in contempt of court can you believe it the incident highlights the increasing tension and focus on the issue of immigration particularly as it relate to the matter of child separation from parents that we've covered on the program in the past well today we take a closer look at the business side of the issue which is so far not been covered too much below the radar if you will here to help us out is human rights activists and tar davidson who joins us from tucson arizona not far from the us mexic

but dig this, daddy orksz, apparently he keeps calling japanese prime minister shinzo abe at all hours because of his struggle grasp time zones. a and according to a former national security council trump wasn't great at recognizing that a leader maying 08 are or 58 years old and not in the right place at 10:30 or 11:00 p.m. their time. hold on, pump your brakes what do you mean it's night there, okay. i just looked out the window right there and it's day, okay. that means it is fake:00. okay. day tame right there. that is a fact. and we've just learned that while preparing for a meeting with india's prime minister, trump appeared confused by nepal and bhutan which lie sandwiched between india and china. he was like what's this this stuff? tween. by the way, by the way, what is this stuff in between is also what trump asks when he sees pictures of his children. i see. i see, okay, hold on, hold on. i got t let me see, i see the one with my name and the one i like what is that stuff in between? and even once he learned what that stuff was, trump referred to bhutan bhutan as button and m

shinzo abe plans to stand for reelection. the nikkei news said it was announced at a party meeting, and three quarters of lawmakers would back him for a third term. the former defense minister said he will challenge abe in what is seen as a longshot bid. launched a spacecraft to fly closer to the sun that any mission in history. the parker solar probe lifted off on the delta iv heavy rocket . it touched the very edge of the sun -- it will touch the sun's corona. it will make 24 close approaches over the next seven years. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am rosalind chin. this is bloomberg. the: if you want to go on currency roller coaster, the turkish lira is the one to watch. it has stemmed declines in the past few hours after the banking regulators said the transactions with the country facing another week of financial market turmoil. the purchase -- the turkish president will threatened new alliances and new markets

invoked pearl harbor as a negotiating tool with japan, during a meeting with japanese prime minister shinzo at the white house back in early june the president told abe, quote, i remember pearl harbor, evidentially to set up a blistering critique of policies and a rationale for japan to renegotiate a trade deal with the occupation. they say trump frequently brings up japan's quote samurai past as abe's aides, quote, are resigned to trump now being uncontrollable. >> interesting diplomatic maneuvering there. let's switch gears, bring in bill kierans with a check of the weather. >> let's talk about the headlines. it's only wednesday. ly get into your labor day forecast. 60 million people in the heat today. just as bad if not a little bit worse. i am pretty positive, this will end up being the hottest day you will have until next summer. so just be prepared for that in the knee. we also in northern new england, andirondacks, burlington, ending up in northern hatch, a damaging wind threat with thunderstorms late tonight. be prepared for that. today's forecast, 94 in new york. 97 to as warm as 9

the president spoke with japan prime minister shinzo abe yesterday.firing up and perhaps increasing the nuclear capabilities. what do you make of the reports from north korea and the symbolic gestures they made to the united states? where are we on that? >> well, here is where we are. we wrote about this a week ago. you may have seen the international atomic agency came to conclusions in the report a day ago. the north koreans have suspended nuclear and missile tests. that is the most important because we don't think they perfected the ability to reach the united states yet. that has gone on for ruoughly 20 days. that is significant. they stopped dismantling the site they claimed they would dismantle. the iaea report and it is obvious from satellite photographs, they are continuing to produce uranium and plutonium and working on all of the major nuclear projects. they have given the united states a few small symbolic steps, but all the big things they need to do to expand the arsenal are still under way. although the president declared right after sin

reports from japan say shinzo abe intends to go for reelection.ree quarters of lawmakers will back him for a third term. the former defense minister says he will challenge him in what is seen as a longshot bid. nasa has launched a spacecraft that helps to fly closer to the sun than any mission history. the parker solar probe lifted off from cape canaveral at the start of the mission to touch the edge of the sun's corona. make 26" to the sun of the next seven years. global news, 24 hours a day and at @tictoc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. i'm rosalind chin. this is bloomberg. ♪ china people's bank of has repeated it will not use the yuan as a weapon in the trade war with the united states. it has ruled out any strong economic stimulus, saying prudent monetary policy should keep the balance between tightening in easing. it may make the central bank banks toer as it urges lend more to reduce risk. loans rose more than anticipated to some $212 billion but data on industrial average of 3.6% year on

. >>> new reporting today about president trump's meeting with japanese prime minister shinzo abe backid to have caught abe off guard when he told him i remember pearl harbor. he went on to criticize japan's economic policies, urging the prime minister to negotiate a more to negotiate a more bilateral trade deal. despite all of this, the president calls abe his, quote, good friend. be right back. uote, good friend. be right back. in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. to me, he's, phil micwell, dad.o golfer. so when his joint pain from psoriatic arthritis got really bad, it scared me. and what could that pain mean? joint pain could mean joint damage. enbrel helps relieve joint pain, helps stop irrevers

shaking hands with japan's prime minister shinzo abbay was shed with a picture of pooh with evil as names like these spread far and wide the chinese senses fought back blocking images gifts and also mentions off the bat across the social media of people obviously outside of china have had plenty to say about the film being banned and this is a says it proves just how thin skinned president xi jinping really is but they could be a different explanation the hollywood reporter suggests that it could actually be down to the quota system that china applies to foreign films conky set at the t four and that limit may have already been reached or send us your thoughts on the story because the hash tag aging is great the don't like when the per being dragged into global politics it's not fair it's just a movie far as here with your sports next the european art but its trappings ships around the world look at what the sport is maybe starting to suffer from a lack of star power first a quick look at some international weather. it was really the person i would have told sport with far amount of what'

the world as an untrustworthy company >>> antonio gutierres meeting with japanese prime minister shinzothis meeting taking place before the ceremony. >> we're demanding the denuclearization of the korean peninsula to avoid a nuclear crisis >>> in england, firefighters witnessing a rare firenado it occurs when cool air enters the top of hot air, causing a swirl similar to how tornadoes were formed. luckily, though, no injuries were reported in that blaze. that is the news update this hour, i'm going to send it over to jackie who's going to try to get through the inventory report we're having a little bit of a fire drill right now >> literally and figgively too a drop in crude, u.s. production, 10.8 million barrels a day, down from its weak of 11 million that we saw on july 13 some comments from iran's foreign minister saying that the u.s. can't prevent it from exporting it's oil, and certainly it's that reliance on its allies to stop taking the oil that would make it effective. you can see crude down just a little bit less than 2%. >>> when we come back, hitting the jackpot, a casino pro

it certainly is going to be hanging on shinzo abe's shoulders.essions without losing political capital ahead of these elections? plenty to come on daybreak asia. ♪ yvonne: it is a: 30 in singapore. you still see a bit of sun. gdp growth missing the mark. half an hour away from the start of trading there. ramy: you are watching "daybreak asia." the first word news now. >> singapore's economy grew at a slower pace in the second quarter than projected as construction slumped. 0.6%xpanded at a rate of against a forecast of 1.4%. risks are now building as regional supply chains come under strain because of a u.s.-china trade war and a stronger dollar. say shinzom japan abe intends to run for reelection. thenikkei news says decision was announced at a party meeting and lawmakers would back him for a third term. the former defense minister says it is a longshot bid. iran has condemned u.s. moves against turkey. the foreign minister ruled out talks with american officials at the you when general assembly next month. washington's ambassador is calling on

and japan talks and potential summit between president and shinzo abe to handle these trade issues.think the outlook going forward is? reporter: it all depends for japan on the issue of auto tariffs. talks are going on right now between japan's trade minister and his counterpart in the u.s. they have those talks earlier this month. i think they are having another session that will start next month. japan is desperate to avoid any impact from auto tariffs. that would be a devastating blow, far more significant than anything we've seen from steel or any other issues so far. the outlook is basically dominated by that issue. we will not know the result of that i think for another couple of months, if it happens at all or whether japan manages to get an exemption in the event they do have them. apart from that, the outlook looks relatively rosy, despite the looming specter of u.s. protectionism. we expect oil prices will right themselves. we will not see the deficits we saw today. it all depends on the u.s. right now. yvonne: and the auto tariffs. thank you. bloomberg's deputy bureau chi

according to "the washington post," during a meeting with japanese prime minister shinzo abe at the whitene, the president told abe, quote, i remember pearl harbor. evidently as a rhetorical bridge to set up a blistering critique of japan's economic policies and as a rational for japan to negotiate a new bilateral trade deal with the united states. japanese diplomat also tells "the washington post," trump frequently brings up japan's, quote, samurai past. a person close to the prime minister adds, that abe's aides, are, quote, resigned to trump now being uncontrollable. let's bring in with us member of the foreign relations committee, democratic senator chris murphy of connecticut. well, let's just add abe to the list of foreign leaders, allies, important allies, that this president has insulted. interestingly enough, abe was the first foreign leader to reach out to donald trump and come visit him after his election. but apparently, senator, nobody, no ally is safe from being rebuked. >> president trump continues to be a diplomatic train wreck. abe, as you mentioned, is one of the few lea

allegedly in exchange for government grants the scandal underlies the challenges facing prime minister shinzo abi who is pushed to enable women to enter the workforce mr obvious education minister says the government will investigate admissions process at all japanese medical schools. yesterday federal judge ordered a mother and her daughter to be returned to united states in mid air flight after discovering they had been deported by the u.s. government in the midst of their immigration appeal in court not only did the judge say the action was unacceptable he held u.s. attorney general jeff sessions in contempt of court can you believe it the incident highlights the increasing tension and focus on the issue of immigration particularly as it relate to the matter of child separation from parents that we've covered on the program in the past well today we take a closer look at the business side of the issue which is so far not been covered too much below the radar if you will here to help us out is human rights activists and tar davidson who joins us from tucson arizona not far from the us mexic