is on this list of people list of banks standard chartered was non standard chartered was not a guy bag for a big fine well standard chartered the distinction between standard charter and one hand and h.s.b.c. on the other is that in the department of justice wow you best a geisha is going on and while the prosecutors are planning to go after h.s.b.c. members of british financial services people are inside the internal d.o.j. meetings what are they doing inside internal d.o.j. meetings those meetings should be closed to foreigners sorry and in fact they were closed in the in the standard chartered case and the only reason that one would be that the british people were allowed in the h.s.b.c. meetings on the one hand but not as just another charter means on the other hand is it standard chartered bank wasn't a g city it's not part of the f.s.b. as cartel at least it wasn't in late two thousand the right of there wasn't at the time they got tagged h.s.b.c. was and as you point out they are it's a protection racket essentially run by the financial stability board and the bank of internatio

was the standard chartered bank chairman speaking to bloomberg.ames packard's crown seems to be slipping in asia, and the casino operator is increasingly hard to find. we are live in sydney, next. this is bloomberg. ♪ crown james packer's resorts may be dismantling its operations overseas. the presidents from account to indonesia has been increasingly hard to find. how far-reaching is this offshore retreat? >> it looks to be comprehensive. crown formerly ran nine representative offices across asia, and hong kong appears to wethe only survivor because have placed calls to those offices and they are either closed or no longer work for aown. it seems to indicate host cell withdrawal from an office network in the wake of detentions in china. wholesale with draw from an office network in the wake of detentions in china. not a chatty company at the best of times, and today, we are not seeing anything. what we do know is that those dresses were listed on their as recently as may, and they disappeared by the end of the month, and these closures seem to ha

what is standard chartered's role in that. are you participating? >> we are.e time in beijing if you weeks ago. i think it is an initiative for the world. it is perhaps one of the most ambitious initiatives of the global level that can continue to enhance globalization. we are talking about an initiative which is involving nearly 60% of global population. you look at the 65 plus countries and more. it is an initiative which is accounting for 30% of gdp. this is major. we are very much interested in that initiative because it so happens that standard chartered is about brought expressions. 45 out of the 625 plus countries are countries where we have a presence. we have been there for years. we understand local markets. our knowledge of the local markets and our knowledge of china can be very important for betweenbusiness flow china and the other countries. that they build conductivity to trade infrastructure that it takes to achieve, i think that would be a win-win for china. scarlet: i like that you say an important role in helping business flow. how much of a

we are talking fx with standard chartered. that is on the way. bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. the latest business flash headlines. china investment corp. has agreed to buy blackstone's european logistics business, $13.8 billion. it would be the region's biggest ever real estate deal. icor has warehouses across europe and the u.k.. warren buffett is about to start his annual private lunch auction, aiming to raise more money for a homeless charity and san francisco. last year's winner paid almost 3.5 million dollars, tying the record in 2012. buffett has raised $24 million for the foundation since 2000. taking another step towards affordable spaceflight, sending a recycled rocket to the international space station. was liftedcapsule into orbit by a falcon nine rocket from the kennedy space center in florida that had previously supplied laboratory in 2014. elon musk treating it is starting to feel normal to reuse rockets. good. that is how it is for cars and

. ♪ >> the former ceo of standard chartered says there is too much debt in china and he expects morebe put in place after this year's communist party congress. he was speaking exclusively to bloomberg in beijing. there is clearly too much debt in china, that i am not of the few that you should just put the brakes on in a sudden way, because that will create more problems. china has to navigate a situation of growing out of its debt. i would anticipate you would see more rigorous controls following the 19th party congress. i would not want to underestimate these challenges. i am still positive about the economic prospects. >> what leads you to that confidence? >> i am spending a lot of time in the states at the moment, and you can hear some very negative opinions about china will blow up with some sort of debt bubble and banking crisis and so forth. i don't see that happening. it could happen, but it would require some policy mistakes that i don't think are going to happen. of course there will be bumps and issues, and there is the opportunity to get it badly wrong. i don't think chin

conditions remain lackluster appeared standard charter says lending fell below 50 for the first timen record. beenl's president has charged with corruption by the country's top prosecutor. he is been caught up in a massive investigation into business and government cap -- graft. he said on monday nothing could destroy his government. he took office in may last year after his predecessor was impeached on similar charges. panel on senate foreign relations committee says that u.s. arms sales to saudi arabia, qatar and neighbors -- bob corker says that this will nudge to an ending of the standoff. alliance -- global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. david: thank you. the u.s. supreme court has handed president trump a partial victory in his controversial travel ban, allowing a limited version to go into effect. we will be hearing detailed arguments come october. shery: on the bloomberg, you can see the map of countries affected by the ban. you can see six muslim majority nations. they will be affected, i

and ceo's from the world's financial institutions, morgan stanley, hsbc, schroders, beyond standard charteredof a, merrill lynch, i cannot mention them all, but through to groups thendia, brazil, she'll in energy sector, these are leading companies who are saying this is important. this is the right way forward. and they are engaged in working with it to make it better over time because what will happen with this is it will be decided not by the g-20 in some meeting, me, butechnocrats like by the providers and users of capital around the world. anna: that was bank of england governor mark carney sticking with francine lacqua earlier today. we speak with tony fadell, creator of the iphone, why did he leave silicon valley and relocate to paris? that will be one of the questions asked. this is bloomberg. ♪ anna: this is "bloomberg markets." i am anna edwards. vonnie: and i am vonnie quinn. developing prototypes for the ipods and the iphone. bloomberg's caroline connan as with him in paris. vonnie.: hi, i'm very pleased to be joined by tony fadell, the father of the first iphone and ipad prototyp

from the world's leading financial institutions, from morgan stanley to sbc, schroders, beyond standard charteredb of a, merrill lynch, i will get in trouble if i do not mention them all, but through whether it is tata, a group in india, shell, in the energy sector, these are the leading companies who are saying this is important, this is the right way forward, and are engaged in working with it to make it better over time. what will happen with this is it is a living approach that will be decided not by the g-20 in some meeting, not by technocrats like me, but actual writers and users of capital around the world. >> what does it mean if you are a company that did not sign up for this? and this is means, true of a lot of companies who are starting to look at this issue and after today will look at it more closely, you learn from the process. there will be a number more that we would expect to adopted as users of capital and providers of capital over time. this will get better because people are engaged. one of the things that is true about this is that the task force, the people who have been wor

we did see barclay's and standard charter outperform in today's trade.ook at the spanish banks moving higher after state owned bankia agreed to buy the smaller rival in a deal valued at $924 million. the combination creating spain's fourth biggest lender comes amid struggles in the european banking sector carl, back to you. >> all right se seema, thank you very much we've been telling but sib area tacks on wpp and ukraine now merck is joining the fray. they say pe confirm our company's computer network was compromised to day as part of global hack. other organizations have also been affected. we're investigating the matter and we'll provide additional information as we learn more aside from some of the government agencies and merck and wpp, it's a mix of government and private sector enlt thaz are victims. >> that echoes the last time we saw this ransomware attack trying to draw patterns to figure out who, which country it came from as amon said all sorts of chatter, north korea, rush yachlt. >> the big question is to what degree are these companies prep

he'll winters runs standard chartered.ight cavanaugh is the cfo at comcast and that says something. these people get at jpmorgan is perhaps if not second to none, certainly in the same league as that which people get at goldman sachs and go off to do other impressive things. that says a great deal about jpmorgan. what it doesn't say is jamie dimon has trouble keeping these people around. and on that note, bloomberg's erik schatzker. scarlet: the house is set to vote on a republican backed overhaul of dodd-frank later today. we will have the latest on that. this is bloomberg. ♪ scarlet: this is bloomberg markets. i'm scarlet fu. julia: i'm julia chatterley. scarlet: president trump's council will be making a statement just a few minutes. it follows james comey's testimony on capitol hill. theren see the podium where he is expected to speak. we can tell you that according s, the president dispute some of james comey's testimony and says -- let me pull that up. don't want to misquote him as we are talking about legal issues.

we will widen out that conversation with standard chartered bank. the hour, guys, plenty more. of "bloomberg markets: asia." angie: this is a paid advertisement. you know that confidence you get when your hair feels good and feels great. you feel absolutely beautiful. that confidence can be shattered when your hair shows sinning. -- thinning. what are the problem signs of so many of us experience? dryness,

the chairman of standard chartered bank. it has been a most interesting story.n at the 7:00 hour. from london and new york, this day of the queen's speech, th is is bloomberg. ♪ . tom: a most unique queen's speech this year. in the early morning, the searching of these sellers back to 1605. remarkable how they still do the ceremony back to the plot of 1605. i would assume it is already been done. francine: i am sure it is. she is speaking in about an hour. the queen will arrive in parliament in a car instead of a four stroke average and no royal procession -- a report drawn -drawnge -- a horse carriage and no royal procession. there are planning issues caused by the election and were personal pleasure what -- rehea rsals clashing. tom: our first word news, here's taylor riggs. coper: a pump is trying to with the donald trump low popularity rating. -- republicans try to cope with the donald trump's low popularity rating. karen holmdel beat john all soft -- jon ossoff. son-in-law is returning to israel. jared kushner will speak to benjamin netanyahu. both leaders

sarah hewin is a senior economist from standard chartered bank. good to see you. we will feel worse off for a while. that's right. it's likely inflation will rise above 3% over the next few months. with earnings growing only around about 2%, that means a squeeze on earnings, prices are rising faster than wages. we are already seeing the impact, as you mentioned, consumerspending, already seeing the impact, as you mentioned, consumer spending, we get in the first quarter. we have had surveys suggesting it will be weaker for may as well. there are some clouds looming over the uk economy. let's look at how they come up with these numbers. it's easy to think this is another statistic, another number we get excited about but doesn't mean much every day. the ons call the basket of goods, measuring everything we buy. they say food prices are going up after the price war is keeping them down, and things like electricity and energy are making a difference to what people pay day to day. that is right. people are reliant, on many of these basic goods. we have seen prices ris

on the trump administration's education agenda, including plans for charter schools, private school counters, and education standards. this is about an hour. >> good morning, everyone. takes for coming to this panel. --m the deputy director at today we will discuss an issue that has been getting a little bit of attention these days, school choice, and especially private school choice. i know there is all sorts of forms of school choice in this country, a conversation about charters. but given so much of the recent conversation and the presidential election, this is where we will do our primary focus, but we will allow time for other issues if you have questions. school vouchers and other voucher-like programs, cousins, if you will, have been growing in number. the cousins would be tax credits, scholarships, and education accounts. the latter of which one proponent called yesterday the cool new kid on the block. president trump and his secretary of education are big fans of school choice, and betsy devos loves to talk about choice and has made it the centerpiece of her education agenda. said, these are complicated ti

ceo this charter school says east side charter school recognizes a positive learning 59 system necessary for students to learn and achieve high academic standards. we make all of our decisions with this in mind. >>> now, we are not identifying the teacher who has been fired because he has not been charged but a source telling me that criminal charges could come as soon as tomorrow. lucy? >> all right, thank you, chris. n atlanta, a deadly bus crash on board dozens of high school students and adults on their way to mission trip in africa. the church bus collided with car on four-lane highway this afternoon killing one person and injuring many more. the mount zion baptist church bus had left alabama was headed to the airport for the trip. police say ten people are hurt including two in critical condition. investigators are looking into what went so wrong. >>> up next, a big recall. birth control pills that are not doing their job. >>> heart-breaking local story stemming from drug addictio addy children were crying out for help after police say their parents overdosed on heroin. >>> archaeologists have uncovered an ancient temple under a hotel in

think we need to be fair when we're setting up the standards we hold schools participating in choice programs whether they be private schools or charter schools, too. >> they can't deny admission in the first place -- the kid can come in, you go through the cst process -- >> you're making -- my apologies for my flight being late. you're making the distinction between the -- the underlying distinction here is an unregulated market that can do anything it wants to do, versus a public obligation. and so, yes, in terms of special ed, think about it, we never got enough money. yet there's still a public obligation and the buck stops with the public school district regardless. and trying to figure out how to do it even if it means taxing its inhabitants more. yet the so-called choice programs can do whatever they want, kind of like swimming, whichever way they want to swim. i think that long term, and janet and others were telling me i think that long term, and janet and others were telling me what, you know, the discussion was here. long term, the question that is >> we are going to stay a couple minutes late. the next panel does not start

statement to fox 29 ceo says e side charter school recognize that is a positive learning environment is necessary for students to learn and achieve high academic standard. we make all decisions with this in mind. >>> so teacher experience should not involve shoving your face in the bulletin board. >> that is not part of the curriculum. >> no. >> did you see what happened in england, the uk yesterday. >> i guess you call it an upset. >> prime minister teresa may she gambled and lost, she called an early election and it backfired on her, so now the question is will she step down? >> after she called for this election. >> you know, one of the party members resigned about an hour ago, you talk about a snap election, snap. >>> and how does this happen? an odd moment in last night's phillies game, freakishly that is the highlight from the phillies game. >>> it is friday. there are people already at the shore but if you have kid in school we might have to wait a bit. here is your forecast for saturday, sunday. eighty-one saturday. eighty-four sunday at beach. breezy tomorrow with uv index at eight, probably nine by end of the weekend bye still chilly in the o

slices of that with the provision that states lift cap on charter schools and determine teacher pay according to teacher performance on standardized tests. i thought and perhaps this is where trump and devoss will go, is that they will allocate more than $250 million to states with the condition that states come up with some kind of education savings account program or tuition tax credit program. i thought they would incent states like that. that may be down the road. it may be too early for that. that was my gut response. >> thank you. >>> thank you for having us. thing about being last is you get to say yes to a lot of stuff. look, let's first of all before we talk about the budget have a reality check here. federal spending on education is 9% to 11% of the total. majority of funds is at the state and local level. we spend roughly 7$750 billion n america in k-12 education. when we are talking about $250 million in some cases that are rounding. the billion dollar proposed in the budget is significantly higher for public school choice than it is for private school choice. so i look at the budget this way. there is sprinkling of go

statement to fox 29 the ceo says east side charter school recognize that is positive learning environment is necessary for students to learn, and achieve high academic standard we make all of our decision was this in mind. >>> family of the six year-old who was shot in the head in broad daylight now speaking out. family of desean banner releasing a banner said, ja shawn is a strong, courageous child and proving this by a second. he was shot tuesday 12:30 in the middle of the afternoon with his mother by his side on the 700 block ofe sixth sleet in wilmington. family thanked the community for their love and support through this most, difficult of times. >>> lets take a look right here have you seen this guy? delaware state police need your help this morning. they say 25 year-old michael reynolds robbed a customer inside a wawa in claymont. it happened in the store's bathroom in the 2600 block of philadelphia pike. this happened last monday. tea another look here if you recognize him you know what to do, call the police. >>> take a look at these guys wanted for installing skimming devices on first trust bank atms throughout the area this photo was from june 1

standard. certified financial planners, cpa personal financial specialists, members of the national association of the personal financial advisors, and charternalysts, for more on how congress may have thrown consumers under the bus, go to jill on money. com. >> very good advice, jill, all right, thank you. >>> well, in other news this morning, this may be one of the most odd friendships we've ever seen, former nba player, dennis record man, and kim june awning. well, he's back in korea hanging with his budd. >> i that's rodman boards ago plane, just trying to open his door with communist country wants to bring it more sport. but he's not saying if anything else is on his agenda. rodman also said trump would be happen which his trip. basketball legend cast members of two season trump celebrity apprentice. >> welcoming up don't look now but lindsay lohan is returning to television. >> oh, plus handling the heat. doctor jen is here with some tips on how to stay healthy if you have to be outside during this hot weather. and also, what signs to look for if you're suffering from heat related illness. pat? >> morning, guys, how are you doing? outs

fox 29 the ceo says, thate side charter school recognizes that a positive learning environment, is necessary, for students to learn in and achieve high academic standard we make all of our decision was this in mind. >>> take a look after you seen this guy right here? delaware state police need your help this morning, they say 25 year-old michael reynolds, robbed the customer inside a wawa in claymont. it happened in the bathroom at the store on the 2600 block of philadelphia pike, last monday take another look, if you recognize him call the police. >>> check out these guys they are wanted for installing skimming devices on first truck bank atms throughout the area this photo right here fridays june 1 at the bank on second street pike in southampton, bucks county, they are also wanted for putting skimming devices on atms in doyletown, north hampton, springfield, and philadelphia, if you have an account with first trust check them carefully for any suspicious activity. >>> take a lot these masked bandits right there, no babe ray kuhns but there was a band who it put them in the trash bag and dumped them there over weekend good samaritan saw that bag, mo

fox 29 the ceo says, east side charter school recognizes that a positive learning environment is necessary for students to learn an chief high academic standar standardswe make all of our decision with this in mind ". >> she deserves her education. she don't deserve to be swung around like a rag doll at ten years old. this is a traumatic experience. >> reporter: now we tried reaching out to that fired teacher for a comment by phone and in person. our calls have not yet been returned. fox 29 is not identifying that teacher because criminal charges have not been filed. but a source is telling me tonight those charges could come as soon as tomorrow. iain? >> all right, chris, thank you. >>> happening now, sickening story out of southwest philadelphia. a one-year-old boy found dead in a home. his body bruised and with signs of sexual assault. the man behind it, police say his step dad. fox 29's shawnette wilson reports from philadelphia police headquarters. >> it is sad. it's sad it really is. >> reporter: neighbors are in disbelief over what police say happened to a one-year-old boy on their street his stepfather is in custody and facing charg charges. d

standard. they include, certified financial planners, cpas who are personal financial specialists, members of the national association of personal financial advisers, and charteredal analysts. for more on how congress might have thrown consumers under the bus, go to jillonmoney.com. >> jill schlesinger, thank you. >>> time is 5:44. and a lot of damage left behind from a wild storm in the midwest. check that out. going to show you some of the twisters caught on camera. new video shows a wild storm in wyoming! this was captured >>> big, big debris, oh, no! oh, no! >> no, no, no! >> oh, no. >> no, no. >> oh, this as they get out of the car and climbing into the ditch. you have a driver capturing a tornado on camera in wyoming in the southeastern part of the state. there were several tornadoes in the bay area. barns and buildings were destroyed but no reports of any injuries. >> that's a good point because a lot of people think stay in your car, you'll be safe. no, you have to get out of the car and get in the ditch. >> i grew up in the midwest. i stayed home and can you imagine how terrifying it is to get out of your car and lay in a ditch? >> it sounds so wrong. w