commitment to taiwan by issuing the six assurances to taiwan which included treating taiwan as we would treat any one of our allies in making decisions on defensive arms sales, not setting a determination for end and not altering the act. this legislation is especially important when it comes to the six assurances. when the reagan administration delivered the six assurances, it was by way of a verbal agreement and has largely remained as such since 1982. today, by passing this legislation, congress is going on record that the cornerstone of u.s.-taiwan policy is not only the taiwan relations act but also the six assurances. this important measure solid files president reagan's commitment to taiwan and urges this administration and the ones that follow to publicly, proactively to take the six assurances into account when handling the relations. i'm proud in the 114th congress, we have already passed legislation which supports taiwan's inclusion in interpol and that we are now also passing a measure which will reassure our friends in taiwan and press the administration to continue to abid

that the government in taiwan only responsible to the people in taiwan.erally. so it can be interpreted as one-china and also virtually independent taiwan. so this is very ambiguous, but i think that it m matches the minimum requirement of beijing. >> thank you so very much professor matsuda for your inside. >>> the governor of tokyo says he will ask legal experts to review records that show how he used funds meant for political activities. he is facing allegationsns thate may have used some official funds for private e purposes.. >> translator: i i would like t express my deepest apology for causing concern and troublele wh so many people including the residents s of tokyo. >> masuzoe used funds to cover hotel costs during family trips. he says he held meetitings at h hotel room but has not disclosed who attended them. he also bought worksks of art, some of them through online auctions. he has not explained how he used them for political activities. >> translator: i will ask thirird-partrty expererts t to thoroughghly revieiew expenditu of my political f

or does taiwan have some negotiating room?depends on how sharp her tone is on the one-china principle. china would like to continue the status quote. keeping the peace and not pushing the button. rishaad: right. there we go. the first female president of taiwan. thanks a lot for that. we will have a look at and merger and acquisition deal in the oil sector. that story and more. deal has shares surging in sydney after the producer agreed to buy inter-oil worth $2.2 billion. operations are focused on top in new guinea, planning to fund 60% of the takeover by selling ,ssets and sell them to total the biggest oil company in france. they say the deal will create a regional champion. wanting to expand their lng operation and pop in new guinea. the takeover will be completed in the third quarter of 2016. alibaba is determined to force office platforms, and it has the technology to help it do so. alibaba met the antique counterfeiting coalition after company suspended its membership. some say the company is not ack downough to cro on

more than cost and impact with taiwan's tourism. in march beijing oorps established diplomatic relations with gambia and afririca. the nation is one of the few afafrican neighbors that has diplomatic ties with taipei. meanwhile, taiwan accused china of political interference after its status with the world health organizationon was put into question. ofofficials from taipei said th year's's invititation to the wo health assembly mentiononed the one china principles something that was not quoted in p previo invitations. china's message is clear, it will not allow an independent taiwan. cocome frfriday, it will be watg the inauguration speech to see what message she will send to them. keiko yamamoto, nhk world. >>> nhk "newsline" will have the updates. various economic issues will be on the agenda at a veer owes of upcoming g7 meetings in japan. gene otani boynes us from our business desk with that and other headlines. >> group of seven leaders are expected to discuss the quality of infrom structure at theish shima submit may 26th and

taiwan is not part of china.e're independent. >> translator: we're facing a wide range of economic problems which i'm sure she'll address, including social inequality. >> reporter: many of tsai's supporters hope she can keep china's influence in check. but leaders in beijing are pressing her to recognize that taiwan and the mainland belong together as one china, so right from the start, tsai has a tricky balancing act to manage. chinese leaders are already sending strong signals. they tried to stop taiwan from taking part at international gatherings. and taipei officials say beijing last month demanded kenya and malaysia extradite dozens of taiwanese to china. travel agents on the mainland say authorities there are also restricting the number of visitors to taiwan. experts say this is a clear sign that beijing is turning up the pressure on tsai. the new president made no mention of the one china policy as she began her term, but she did appear willing to appease mainland leaders. >> translator: in 1992 the two si

taiwan issues the permits but china can limit the people allowed to visit by controlling the number of applications that travel agencies handle. last year, more than 4 million chinese visitors to taiwan spent over $5 billion at tourism related businesses. taiwan media reported over the mayday holidays, visitors from the mainland plunged by 30% from the year before. >>> south korea will soon take part in a japan u.s. missile defense exercise for the first time. a south korean defense ministry source says the military will send a vessel equipped with the radar system to the drill. it will be held off of hawaii in late june and involve training for detecting and tracking ballistic missiles. south korea decided to join to better respond to threats posed by north korea's nuclear weapons and ballistic missiles. tests prompted washington to discuss the possibility tof the state of the art. china opposes. a chinese spokesperson said the situation on the korean peninsula is complicated and sensitive and called on countries to take cool headed responses and refrain from actions that would escala

taiwan's taiex fell. shares in the philippines jumped once again, up by 3.09%, stretching a rally there to a second day following the presidential election. hong kong's index slipped. the financial and real estate sectors led the losses. sidney was up. it climbed to a nine-month high after oil prices rose overnight. here is a look at some of the other business stories we're following. a key indicator of the state of japan's economy has risen for the first time in two months. government officials say the upturn was driven by increased production of cars and auto parts. toyota motor restarted its assembly lines after an explosion in january after its group steel maker. japan's upper house has signed off on a treaty to help companies operate in iran, one of the world's major oil producers. the deal requires the country in e middl east t ensure japanese firms get equal treatment with local businesses as well as legal protection of their rights and assets. the agreement takes affect once it's approved by the i

or the philippines or taiwan or the next u.s. administration in particular. at the same time we vitally need china as part of the global economy to avert global problems with our own domestic economy and through international economy, for the well being of the planet. so we can't get away from working closely with china but the competition is still likely to grow, in my perspective, and china and how it handles itself will be extremely important as it's run up to its party congress next year. we need xi jinping but we won't be able to trust him on certain issues as maritime tension or viesh space but we will work with xi jinping in china to the extent he's willing to cooperate on those areas as like the ones he has gree agreed like climate change. >> ian: jen, are they running out of steam with the transition? is he becoming more vulnerable at all? are there datapoints that give you a bit of unease? >> absolutely. i was actually just in china earlier this week, meeting with several chinese academics, more or less, and as is often

. >>> china is limiting the number of visitors to taiwan. the sources tell nhk that authorities instructed travel agents to cut down on the available applications for permits to visit taiwan. taiwan issues the permits but china can limit the people allowed to visit by controlling the number of applications that travel agencies handle. through 2015, more than 4 million chinese visitors brought taiwan over $5 billion from tourism-related businesses. media in taiwan reported that visitors from the mainland plunged by 30% from last year. >>> south korea will soon take part in a u.s.-japan missile defense exercise for the first time. a south korean defense ministry said they'll send a military equipped missile. it will be held off hawaii in late june. it will involve training and detecting ballistic missiles. south kor south korea decided to join to better respond to threats posed by north korea's missiles and ballistic missiles. it prompted seoul and washington to discuss the possibility of a missile interception system. china strongly opposes i

taiwan.our partnerships with indonesia, malaysia, singapore have grown to reflect our increased cooperation on challenges, everything from countering climate change to violentextremism and forged new relations with vietnam and burma as they start to turn the page on the past. i saw this again in vietnam last week. thanks in part to the bipartisan leadership of this committee, the us and vietnam are deepening and broadening our ties in areas we couldn't imagine a decade ago , even a few years ago for military cooperation to human rights to peacekeeping. third we sustained engagement with institutions like the east asia summit, aipac, including by sending our first dedicated ambassador to osceola hosting the first summit in the united states and hosting aipac in 2011. these are important forums for promoting collective action and facilitating the police for resolution of differences. the best the recent architecture in which the united states is a permanent player. fourth, we have vigorously pr

taiwan's new government is facing pressure from beijing and having an impact on business and trade. we report how one sector is trying to improve performance on chi china. >> reporter: top tourists spots are facing a new wind from across the straight. the number of visitors from mainnd china is plummeting. shops are losing their biggest source of income. >> translator: there is just nothing we can do. >> reporter: chinese tourists use this hotel. no many rooms are vacant. >> translator: we want to know why the chinese have stopped coming here. he headed 15 buses to the fleet when the government brought a surge in tourists. recently, he's been forced to sell some of his wheels. chow says mainland authorities are restripgting the number of travel permits. >> it's 100% political. there is no other reason behind the sudden change. >> reporter: measures are underway to offset the pressure. city officials are trying to attract more visitors from southeast asia and organized a special event and invited a tv crew to cover it. >> reporter: a cooking show host flew in from malaysia to showcas

taiwan does use a spoon funds spend on its own. we believe they need to spend more. in order to maintain the ability to defend themselves. >> the second question, for the last three or four years the pentagon has anticipated in its report that the chinese would be at a nuclear deterrence patrols, we anticipate by the end of the year the nuclear deterrence missions will start but they haven't started yet. can you give us insight as to why they have not started, is that more likely this year, by the end of this year the next are that they will? >> i really cannot begin to speculate as to why there trend continues to sustain over the years. i can't definitively say that they conducted the arms-control yet nor can i comment on what china may consider a deterrence patrol. i think it's a question to defer to them. we have not yet seen them conduct, with this form will not seen them conduct what we would consider a can control. >> i it am not a submariner, i'm i can't really get into the specifics of it. but as best as we can tell but in terms of what's going on underneath

to defend taiwan. what would you say on behalf of the administration to reassure taiwan that the united states will have its back? >> i think taiwan has given the world a vivid demonstration of what a democratic election is and transition is. that was a powerful message. >> good point. i agree. >> i met with the president who came to visit washington this past summer and we had a good meeting with her at the state department. we have encouraged the chi nose to engage with her and taiwan in a manner of mutual respect and flexibility to build on the positive developments in cross regulations over the last decade or so. we hope they will do that. we agree that what has given taiwan the confidence to engage with mainland china is the support from the united states, including arm sales. we have wanted to make sure as have previous administrations that taiwan could not be coerced into doing things against the will of its people. we notified like $14 billion in arm sales since 2010. we continue to look very a

his taiwan a country, sort of.s an elected -- elected government and yet the united nations does not recognize a because taiwan was the home base of the chinese who fled, and is him. mainland chinese considers taiwan as one of its provinces the government would illegitimate, and any talk of independence deeply hostile. its first female president in a landslide in february. eight years of closer ties on the mainland. public opinion currently shows strong support for maintaining the status quo of coexistence and a little immediate interest in independence. cross state tension erupted twice, first in the 1950's, and then again in the mid-1990's. china passed a law authorizing an attack if they declare independence to it only a handful of nations recognize taiwan as a nation. even the u.s. does not have official relations with it. technology and manufacturing powerhouse. much of apple iphones are made by taiwanese companies. three times more than china's. no peace treaty has been signed in the decades since they split

the chinese have implications with taiwan. when he moved into this, the waters become more troubled. not only murky -- i have spoken with chinese academics, including some who have been appearing in the newspapers, they were saying the japanese gave up on the senkaku islands, would they give up? no. that means that they were wrong on a lot of problems. if that is reflective of the way the chinese thick about these issues, i understand why the japanese would be worried. >> one thing that china, japan, and both koreas have in common are slowing economies, relatively. lead themr economies to spend less on defense because they cannot afford it or more on defense that they can have pride to offset the slowing economy? traditionally, the tie between growth and defense withing is ironclad, and i wouldt is explicit. say, knowing the south korean defense spending traditions, i see that as a very tight relationship still. i do not -- looking at their white papers and strategic discourse, i do not see them toing a strategic reason necess

. -- taiwan story. angie: we have some breaking news coming out of vietnam. that is where president obama is making his three-day visit. we have a trade deal to tell you about. boeing said to be nearing a multibillion-dollar jet order from thvietjet. we will track president obama's visit here in the region. over to japan were exports fell for a seventh consecutive month due to the stronger yen. imports also down. the largest in six years. we have yvonne man in tokyo for us with the numbers. what do they say about abenomics? forne: just more pressure prime minister shinzo abe as he tries to figure out what to do next. not much love or a blessing coming out of the g7 summit. , another dose of spending coming out of japan and when the government tries to weigh on whether to postpone that sales tax. disappointing figures. oflining 10 1% in the month april. that is thanks to that stronger yen which did appreciate about 5% in the month of april alone. the earthquakes may have impacted the shipments of car parts as well as electronics. shipments to china and shipmen

to visit taiwan. taiwan used the permits but china can limit ♪ ♪ fill the merry cup from sea to sea ♪ >> the best part of what you told me is you asked how tough it is to get a job in this world. tell everybody what happened. >> well, yeah, i said who has a job? and a bunch of kids raised their hand, i thought most kids would nlts. >> right. >> but it turned out their parents up there were like we have jobs. of course you have jobs. your kids go to tulane. but i did give them ten lessons. i squeezed ten lessons into a 15-minute speech. here's just a couple of them. >> do not forget the people who helped you. never, ever, ever, forget the people who helped you. [ applause ] life can change in an instant. in an instant. the best advice you may get in your life may come from a complete stranger. if you survive anything in your life, who cares what it is, an illness, a loss, your parents split up, it doesn't matter, whatever your cross to bear is, if you are still stand, even if you're teetering, you get

sworn in as taiwan's first female president.wan's neighbors think she will maintain dialogue with china to keep the peace across the strait. they have warned about consequences if she does not embrace the 1992 one china principle. for $37ralian forecast billion deficit. the pre-election fiscal outlook also shows the falling iron ore price on gore permit revenues -- government revenues may be blamed on higher shipping revenues. and a deal with alibaba to allow mobile payments to access on galaxy smartphones. samsung payed 5 million in the first month. this deal is half $1 million. settling in latin america as well. chair is swinging after agreeing to buy much of the deal by selling much of the deal. tsonga was to create a champion and poppa new guinea. and those are the new headlines, powered by over -- believe,lion mark we and the potential acceleration could be as much as 12 months. when the oil price is low on the energy prices low, and a very competitive market in asia, greed and avarice must win out. and those are the headli

arms sale to taiwan is conducted according to the taiwan relations act. and this act is -- was enacted by the u.s. congress in 1979 with an aim to help maintain stability, security, and in the western pacific. thank you very much. >> ok. i think we've got time for one more question. o -- >> my name is walt. i used to work in the defense department but not nearly as long as hank. and for this audience i feel compelled to emphasize that it's hank and not frank. my question relites to no first use. >> no relations. >> i think they're not relations. they have no intellectual relationship. i guess my question about no first use is what does it mean? is it an absolute commitment? that there is no conceiveable circumstance in which a country would use nuclear weapons other than a nuclear attack on itself ? bearing in mind that things can get very bad. by the way, i think the idea that pakistan doesn't regard nuclear weapons as a backstop against indian attack. because it's not consistent with the history of pakistan and india. but the central question is by the

have germany, china, south korea, and taiwan mentioned in that report.ke the path of least resistance for the yen is to the upside. that is it for this edition of "bloomberg markets middle east." whites stocks sink. the ye -- >> stocks sink. the yen is at a high. --s >> i don't think you need a freeze. you must remember that the demand for oil continues to rise. it is not going down. be rising demands and the lack of investments in new supply.

the taiwan restaurant has several locations world wide but this just opened and the only one in northern california. >> was it really worth the 3 hour wait to get in? dozens said yes. >> the lines long and people patient. the moment the dumpling enthuse ats waiting for. >> when i found out they were opening, i said i am coming, the wait is over. >> for those that came to dine the waiting begun. one man stood in line for an hour to put his name on a 3 hour long wait list. >> i have waited longer so this is not a big deal. >> the soup dump lings are the start of legends. >> my father started this in taiwan in the 60s and we have expanded. now we have over 120 restaurants. >> this is the west field valley mall the first bay area location. don't expect the long lines to abate anytime soon but the restaurant will text you when your table is ready and you can shop when you wait. >> we have a system in place to handle the large crowds. >> for those that made it on opening day, not enough other than to photograph and talk about it on social media. >> people that have not tried it should and peop

people in taiwan say detaining the boat and crew was illegal. taiwanese president ma ying joe says okinotorishima is a rock, not an island, and that japan cannot claim the exclusive economic zone around it under international rule. japan says it is recognized as an island under the u.n. convention on the law of the sea. >>> people in the philippines will go to the polls next week to choose their country's next leader. four major candidates are locked in a neck and neck race trying to replace the outgoing president benigno aquino. former interior secretary manuel roxas is backed by aquino. vice president jejomar binay once belonged to an opposition party. the independent senator grace poe was almost disqualified over a residency issue. and mayor of debau rodrigo duterte made headlines for a controversial comment about women. no candidate has yet emerged as a clear front-runner but the latest polls suggest duterte has a slight lead. support rates are constantly changing over candidates' inappropriate remarks and allegations of corruption. a territ

the orange is the benchmark rate in taiwan.y i will not get into details, treating it fairly rural -- low rates. no one lives in a vacuum. obviously what happens elsewhere impacts what happens. these are key expert in countries as well. they export different things. yvonne: thank you. let's get more reaction from young sun kwon. i know you did expect no change. how much longer can they afford to wait? believe thatn: we the ok will cut interest rates in july. this is because what happened in korea now is the government has pushed hard on corporate restructuring. that means, we believe there should be an extra budget for fiscal year 2016. we expect the government to asounce that in july as well the capitalization plan for the policy for bank of a korea in relation to the corporate restructuring. we think the monetary policy easing will be part of this stimulus package. it is something overtime. we believe they will work on the interest rate in july. yvonne: maybe july. let's talk about the corporate restructuring, we see the aili

lee's comment on sales in taiwan. u.s. arms sales to taiwan was the act, it was enacted by u.s.congress in 1979 with an aim to help maintain stability, security and in the western pacific. thank you very much. >> okay. i think we've got time for one more question. so. >> my name is a walt slocum, i used to work in the defense department but not nearly as long as hank and for this audience i field to compel, hank gaffney and not frank gaffney. [laughter]. my question relates to -- >> no relation. >> i think there are not relations. they have no intellectual relationship whatever. i guess my question about no first use is what does it mean? is it an absolute commitment that there is no conceivable circumstance in which a country would use nuclear weapons other than a nuclear attack on itself, bearing in mind that things can get very bad. by the way i think the idea that pakistan doesn't regard nuclear weapons as a backstop against indian attack not consistent with the history of pakistan and india but the central question is by the no first use policy, do you mean an absolute, irr

track meet's best athletes l go to taiwan for the international children's ga. last year's games were heldn therlands, where t >> and this summer the track meet's best athletes will go to taiwan for the international children's games. last year the girls brought back gold in the relay. to get more involved with dr. alexander's youth movement program use the link in our online story at cbssf.com. cbssf.com/hero. we'll be right back. ,, wanna drink more water? with sodastream you turn plain water into sparkling water in seconds. and because it's so delicious, you'll drink 43% more water every day. sodastream. love your water. with --- glue? why google has just requested a patent car glue... >>> coming up tonight on kpix 5 at 5:00 a car painted with glue. why google has just requested a patent for car glue. that story and more at 5:00. got to check that one out. >> yeah. sounds awesome. >>> we saved the best for last. last check of weather. >> thank you. we have lots of people heading out to the shark tank tonight. the street fair begins at 3 p.m. very breezy. temp

. >>> taiwan is set to inaugurate its new president. the democratic progressive party will lead the government for the first time in eight years. it is regarded as pro-independence by mainland china. she will become taiwan's first female leader after taking the oath of office on friday. later in the day she'll deliver her first policy speech. analysts believe she's unlikely to express clear approval of the one china policy, despite growing pressure from beijing. china is seeking unification. depending on the content of her speech, china may launch a protest which could strain relations. >>> police in the southern japanese prefecture of okinawa have arrested an american who works for the u.s. military. they say he admitted to strangling a japanese woman who went missing three weeks ago. the suspect is a civilian who works on kadena air base. police say information from the suspect led them to her body which was found by the side of a road. investigators identified the woman as rina shimabukuro after analyzing evidence, including dental r

her party supports taiwan's form independence from china. she was cautious about speaking it during her inaugural address. china claims taiwan as its own territory and says failing to endorse the one china principle could destabilize relations. >>> some new jersey elementary children are getting inspiration from two out of this world alumni. the students helped cut the ribbon as the school was renamed after two astronauts, mark and scott kelly. mark flew four missions on the international space station. scott was there for 340 days. things didn't always come easy. >> we were not particularly good pilots. you know, i really struggled. >> they said that they started -- they weren't the greatest but after a while they became the best so i figured i might not be the best now but later on i could do something amazing. >> awesome. both men are also navy veterans and former test pilots. they are now retired. >>> pool see some is nearly here and it turns out there could be a lot of -- pool season is nearly here and it could be there is a lot of dise

president of taiwan. the formula used since 19 92.ey say there is only one china but the two sides disagree on what that actually means. let's discuss all of that in a week that includes these kind of meetings in job numbers. indonesia and malaysia on thursday. glenn maguire is here chief economist for the asia-pacific region. let's look at what happened over the weekend. china submitted disappointing data. it does not look like stability anymore. glenn: the key take away we can the momentum that the chinese economy is starting to display in march was obviously unsustainable. very strong export numbers. the region's trade with the rest of the area. china was relying on old-fashioned stimulus. boosting the housing market in expanding the infrastructure budget. have a temporary kick for the economy and industrial production. one old-fashioned stimulus still works. sustained ifto be you want to see a stabilization return in the chinese area. that runs counter to the goal of rebalancing. angie: if they're importing less they're also doing

taiwan driven higher by apple suppliers.oughkness coming from southeast asia as the likelihood the fed will be , earlierates come july than what markets have been pricing in. numbers in a few hours time, so will be watching out for that. the kospi is flat at the moment. oil with some declines. iran not joining in on that freeze. oil down by 4.5%, the top the kleiner on the asx 200. weakness in japan, off by 3/10 of 1%. also some weakness when it comes to the iron ore miners. bh billiton down. theres despite the fact has been a retracement in the iron ore price following the plunge we saw last week. taiwan markets, possibly apple had put through in order for 78 million iphones from suppliers. we are looking into the details of that report, but we are seeing that positive effect when it comes to some of these suppliers and assemblers of iphone. 1.13%, catcher makes casings for iphones, up 2.6%. they said they would be doing a glass front for the iphone. making bodies for the iphone, upside in the session today. a quick look at

taiwan and malaysia are slacking.ou look at where the benchmark is, about 128 or 129 on the asia-pacific. drop in january, two percent right now. you had that rally in between. long story short, the markets are waiting for a cue. are -- there are fairly hawkish comments coming from the fed. when you look at how currencies are trading, and i guess you have to take a step back and look at may in its entirety. down about 4% or 5% for emerging market currencies. poised for the largest drop in three years. gold is continuing to gain. it is about 100 bucks cheaper compared to the start of may. it is a bit higher at the moment, but keep in mind we are down by straight days -- by nine straight days into monday. prices is up gold to 50 bucks, $49.50 here. but again, rish, long story markets are trading silently. nothing much to trade on at the moment. it is a very busy day for eco-, but apart from that, everyone is a little cautious. rish. thanks, david. shares in virgin australia are on the way up. a chinese company will be t

taiwan looking quite good. philippines closed today for the election.alia has also turned negative. it is really this market here that we have been watching. nikkei is up by half of 1%. yen is driving japanese stocks higher as they open for the first four trading week after last week. we have seen iron ore in singapore, as much as 6.1%. news corp. shares rallying on that something number that came through on friday. watching some stocks in hong kong as well. glencore is said to be in talks according to reuters. crude from theon alberta fire, but it is really pushing oil prices higher. japan, europe and the u.s. have been struggling to boost credit growth. the pboc has a different approach. what are they doing? guest: the big difference is government control. when the pboc pumps money, the can put money into the economy could that is in contrast to the eurozone or the bank of japan, the central bank is offering assistance and cheap quiddity, but it is not making its way into the economy. rishaad: it is about the multiplier effect. guest: that is how they

china today played down ongoing military exercises along its coast, facing taiwan. defense ministry said the drills are not aimed at any specific target. they began just days before taiwan inaugurates a new president, who leans toward independence. beijing regards taiwan as a renegade province, and has never ruled out using force to bring it back into the fold. the chinese also condemned a u.s. move to slap duties of more than 500% on imported flat steel. it is used in car bodies and appliances, and china has a glut of it. the u.s. says beijing is dumping the steel and hurting american firms. and on wall street, the dow jones industrial average lost three points to close at 17,526. the nasdaq rose 23 points, and the s&p 500 added a fraction. still to come on the newshour: millions more eligible for overtime under new labor standards; documented atrocities in an isis stronghold in libya; billions of dollars later, why v.a. wait times are actually getting worse, and much more. >> woodruff: let's return to one of the biggest moves made by the obama administration to af

singapore, malaysia, and taiwan coming online. take a look at taiwan. about up -- we are off by .25%. the biggest move in nine months on the account of heavy buying into some of these tech stocks. we are seeing some of those names giving back gains today. there was the story of potential demand for the new iphone coming through and the impact on the taiwanese iphone suppliers as well. elsewhere across the region, the tradingown by .7% as gets underway. that is weighing on exporters, consumer names, retailers. in particular, automakers and electronics names giving up gains today. selling coming through from australia, too. miners makingsome their way onto the biggest decliners list. kiwi stocks off by about .5%. a little bit of weakness coming through from southeast asia. that is to be expected. the possibility of a sooner than expected rate hike is weighing on risk appetite. here is what we are seeing in terms of the fx. the dollar yen looking like it is holding. we have just a bit of disappointment after the meeting failing to come up with any accord w

we are really seeing heavily suppliers leading gains in taiwan.atility in chinese mainland shares. that is also helping matters when it comes to shanghai, up 0.5%. rotating from old stocks into consumer stocks. we are seeing some red across the board, some stocks in australia the word by the oil price story, weighing on the energy space and mining. southeast asia doing ok despite the move out of emerging markets. checking on movements we have been watching this morning. in a tokyo session, we have seen the end weighing on consumer stocks and exporting. sales falling. it also lost that packaging lawsuit in london, as well. ncl, analysts think they will have to struggle to meet their targets. thank you. a comprehensive round of has ever. let's switch our attention to angela merkel and she is on her fifth visit to turkey in eight months working to assure of the refugee according the face of increasingly tense relationships between erdogan. joining us now is our is double bureau chief. bureau chief.l we have seen a dramatic drop in the arrivals. this

taiwan has sworn in its first female president. tsai ing-wen has worked hard to maintain regulations with china saying she would be a staunch guardian of peace. -- will take a careful look at proposals by president vladimir putin for refinancing projects in russia. also said the bank would be very selective given its limited resources. >> france's prime minister given end to labor law protests that have turned increasingly violent. and brassal's interim president has named the new ceo of petro bras. >>> well the front runner for yahoo's internet assets could offer almost half what was originally expected. verizon communications and a concertem will be bidding between 2 and $4 billion for yahoo's core business. the original range was suggested between 4 and $8 billion. the deadline for the bids has been set for the first week of june. i wonder if it's because of the negativity surrounding yahoo's potential long-term worth and how they haven't managed to cement their position in that particular area. and investors have the luxury of

inflation numbers are due out of taiwan. that is asia for you at the moment. we are flat, fairly mixed. southeast asia still seeing some pressure. keep your eye on this group of stocks. stock market has been down for eight or nine straight days. there has been pressure on the currency for various reasons. time one is opening it -- taiwan is opening as well. mainly flat. flowing into the u.s. dollar. underpinned by this rally we have seen in u.s. treasuries. the 30the all the way to year yields are on the way down. take your is at -- the tenure is at 177 basis points. we do expect trade to be this way basing it on the current news flow ahead of the jobs report. we are looking for 200,000 and if it comes in below that will for speculation. expect the dollar can -- to continue. that is what the likes of citibank are saying. let's get back to the dollar index. at 9328. the third day that the dollar is on the way up. everything else falling especially these oil related currencies. we saw a big tumble in the ruble. a big tumble in the lenny. a fairly big trade defic

spending to improve its infrastructure and what japan is spending to improve its infrastructure, little taiwan is looking to improve its infrastructure and here nobody could afford to buy a car let alone gasoline. we have to do that sort of thing now. >> you talked about -- >> i'm here today to announce and have a positive, good time. and i mean, everything here is the usual hostile, negative and yelling and screaming. i'll take two more. [ overlapping speakers ] >> you said when you dropped out of the race, you were making a rational decision. when you dropped out on july 16th -- >> mr. perot? >> mr. perot, you talked about young people and that you're interested in young people in your campaign. many young people in this country are very apathetic when it comes to voting, how can your role in this campaign change that? >> well, i certainly want to get them to participate and based on the number of young people who have contacted me and come to see me and in some cases driven across the country to come see me, my sense is they're going to be very active this year. and i think it is terribly i

they come from china, taiwan, japan, vietnam, mongolia and russia.udents include middle-aged people taking courses funded by their companies and teenagers sent here by their parents. opened english schools in the philippines, targeting south korean youngsters. they were attracted by the low labor costs and english-speaking locals. english education is now a major new industry in the philippines for students from all over asia, backed by the government. this is the ceo of smeag, and he, himself, studied english in the philippines four years ago. seeing the potential of the english language market, he joined forces with the largest school in cebu. [ speaking in foreign language ] >> english was first taught in the philippines when the country was colonized by america at the end of the 19th century. the people learned it from missionaries. these days, from the first year of elementary school, all classes are taught in english as well as the native language. the higher the education, the more frequently english is used. without a good command of the lang

ships to port of call in the case of a taiwan contingency. now i sit here. i have a -- perfectly internal consistent explanation for what china is doing that's almost certainly wrong. but absent a discussion about how china is thinking about these, i'm going to believe that. or the me version of me that is in the government is going to believe it. because you sort of pay those in the government to look out for the possibility of threats and do something about it. and so his security challenge unexplained becomes my security threat. and that is, i think, the linkage between the two why the distinction is so important. and yet another reason why some in depth dialogue between people with authority within their governments is in the interest of both countries. >> yeah, i notice that when the question about security challenges, security threat came out, our two american colleagues you know, felt, what's that? think about this. when the -- in 1980's, the americans asked chinese scientists who is your national security threat? when you develop your missile defense

to past is among china, germany, south korea and hey juan. -- and taiwan. currencysays there practices need monitoring because they could provide an unfair traded manage over the u.s.. so, or according to the nikkei report, this treasury report doesn't in any way constrain japan from acting, but the report does note that in japan, all policy leverage available, including fiscal policy and abenomics has come under fire. we are hearing japan's opposition leader saying that abeomics has failed because relies on monetary and fiscal policy instead of structural reforms. there needs to be more action on ow, boostingr private investment and raising productivity. the problem is that abe hasn't done that. angie: we need abenomics, not kuroda nomics. new data suggest that china grew last month. chief economist coming up next on "first up." ♪ in whole:. -- in hong kong. >> china says it sees signs of improvement in its relations with japan. beijing commented after -- met the visiting foreign minister. they share trade relations worth more than $340 billion but ties ha

. ♪ >> malaysia has received an official protest from taiwan after supporting 32 of the nationals toace wire fraud charges. beijing claims jurisdiction over them as mainland chinese people reportedly have been the victims of scams that may be worth more than $1 billion a year. 100 suspects were sent to the prison over the weekend. they are all chinese nationals. on ao rico will default $420 million bond payment later today. that herest signal yet can't pay its debts. the governor warned that the government development bank would miss its obligation and called on washington for help. that any moody's said payment even agreed to by creditors constitutes default. withholding interest even temporarily is synonymous with default. japan has decided to abandon the satellite that was designed to study black holes. the $217 million project was launched in february to observe x-rays. contact was lost in march. scientists now think poor software caused it to spin out of control breaking off into the solar range. between the japanese air space agency nasa and other groups. ♪ rishaad: there has b

the fire department in taiwan had to rescue a woman from the elevator after it stopped working in an earthquake. video here. you can see this is blurry and grainy. you can see what they are doing. they are prying open the doors. the crew got to elevator where she was, pried open the door and pulled her to safety. 5.8-magnitude quake that hit the east coast of taiwan. witnesses say te no major damage has been reported. huge! speaking of damage, talk about the evening commute. there is always damage out there. jamie sullivan is keeping an eye on things for us. jamie: it's never ending. we start with the issue we are seeing in montgomery county. take a look here. you can see this activity. traveling on veers mill road. this is at ran doll road. you see the activity. we have two right lanes getting by. now all the lanes are getting by eastbound. except we may have just police activity blocking off the left lane. if you live in montgomery county in the wheaton area this may be an issue for you. as far as slowing. 66 typical slowing as you head outbound. 16 miles per hour. you can see here