u.s. treasury? >> that's right. iven for when this port will come out but it is due in the next couple of weeks. the key one is how the u.s. designates china in the report. in august, it came out to label china as a currency manipulator and i think the report will elaborate on that a little more. a key to china's designation is the outcome of trade negotiations and the signing of the first trade deal coming up so i think everyone will be looking to see if china remains with that label a currency manipulator. important ones, as you mentioned, the three southeast asian countries that made it onto the list in may. they are likely to remain on the list because that is because the u.s. treasury aims to keep newcomers on the list for at least two she cycles, to she reports based on its criteria whether they are deemed to be using policies that may be advantageous to the currencies. we expect malaysia, vietnam, and singapore to feature again on that list. rishaad: in addition to these three southeast asian countries, has th

u.s. treasuries but what is most worrisome is that this is an extreme departure from the u.s. as longstanding free market orthodoxy the us has long advocated for opening financial markets around the world to capital the fact that this discussion is even taking place is shocking to the whole international finance community. now with more on the field of battle for this global capital war we bring forward chief strategist of the trading welcome back now a treasury person says now that there are currently no plans to block chinese companies from being one listed on u.s. stock exchanges but they also say there is no time frame for implementation further fueling the uncertainty so is in your view is this a real threat or is this more of a bluff or is the uncertainty that the he can create the mr president term can create from the suggestion is that the move itself just to create more uncertainty . i think it's part of from you know art of the deal i think it's you know it's not that's in my opinion that's never going to happen there never the less these companies because it just it

u.s. treasury has announced that the country's budget deficit sorts to almost a trillion dollars in the 2900 fiscal year that's a 26 percent jump from 2018 to trump administration has spent far more than its tax revenue because of the republican that tax cuts are taking advantage of a booming economy government spending grew twice as fast as tax revenues the u.s. treasury secretary steven nugent said trump's economic agenda is working lawmakers fears the government is undermining fiscal just possibility. for more on the subject i'm now joined by the w.c. financial correspondent on wall street. these deficit numbers definitely sound worrying at least how do they fit into donald trump's view of the u.s. economy. well i mean as long as the dollar remains the world currency the damage might be limited you have debt not to repay it but to make new debt and then repay the old debt or the interest but if you look at the overall trend there is no sign that we might see a reversal we rather see an increase of debt u.s. president donald trump plays around with the idea to actually texas again for the

u.s. treasuries are the closer to risk-free investment but you need to own a lot more bonds, a lot earlierur lifetime that i think is truly necessary. you never get rich from owning treasury, though even if you invest in 30-year u.s. treasuries the highest yield, lower terps don't produce up in the way of capital appreciation let's say 30-year treasury bonds have 3.5%. that's higher than what we saw in the first months of 2015. as long as you reinvest your coupon payments back into treasuries you might double your money in 20 years. remember the average historical return for the s&p 500, the benchmark for u.s. stocks is 10% annually which will let you double your money in a little more than seven years so if you're under the age of 35 and you own a bunch of bonds, with the idea that they'll slowly but steadily make you money, see, i think you're being way too cautious i know it puts me out there but you know what, i've been around. that's how i feel. even in your 401(k), your i.r.a. you want to be very heavily weighted towards stock while you're young because these tax advantage retirement

u.s. treasury secretary steven miller says that could face powerful saying for the military incursion and he's echoed a threat that was made by president earlier this week saying that the u.s. will shut down the turkish economy if her goes too far i just met with president trump and he has authorized and will be signing a new executive order giving the treasury department in consultation with himself and secretary pompei. very significant new sanctions authorities that can be targeted at any person associated with the government of turkey and a portion of the governor that was the u.s. treasury secretary speaking there let's take this story now to washington e.w.'s jeff one's emotions on the story for us good evening to you stefan we've got president truong and his cabinet they're threatening sanctions against turkey what exactly does that mean. well that means that the administration is so at least say and see it's a lot of politicians across the political spectrum as well as many experts that the administration is trying to peddle back or try to make a situation which is really really ba

u.s. treasury secretary steven mnuchin says ankara could face powerful sanctions for the military incursion. seeing the u.s. will shut down the turkish economy if ankara goes too far. >> president trump has authorized and will be signing a new executive order, giving the treasury department in consultation with himself and secretary pompeo very significant new sanctions, authorities that can be targeted and any person associated with the government of turkey and a portion of the government. >> that was the u.s. treasury secretary. let's take the story to washington. good evening to you. we've got president trump and his cabinet threatening sanctions against turkey. what does that mean? >> it means the administration is say and see. a lot of politicians across the political expert -- political spectrum say the administration has tried to peddle back or make a situation which is really bad for them better. this is damage control area this is the only opportunity or impossibility for the trump administration to do anything to put jeannie back in the bottle. those sanctions are authorized. it d

u.s. treasury secretary steven newness and treatment they require this week with u.s. treasury secretary steven newsham and israeli prime minister benjamin netanyahu meeting the countries are now in talks of mission and israeli prime minister benjamin netanyahu meeting the countries are now in talks of not only keeping the same sions on iran but also 1 adding more take a listen not only keeping the same sions on iran but also adding more take a listen we have a. executed on a maximum pressure campaign for sanction we have executed on a maximum pressure campaign for sanctions they have worked they are working they are cutting off the money. they have worked they are working they are cutting off the money we are not doing this to hurt the people of iran we are doing this so that iran stops their bad you're not doing this to hurt the people of iran we are doing this so that iran stops their bad activities and exploiting terrorism looking to create nuclear activities and exploiting terrorism looking to create nuclear capabilities and missiles and we will continue to capabil

u.s. treasury a lot of information real information on it in the reporting to the u.s. treasury and a lot of information real information on a monthly basis this comes at significant cost and administrative burden look in the monthly basis this comes at significant cost and administrative burden not to mention that the business environment will become even more tense which is a key reason for banks and companies to back off production of the business environment will become even more tense which is a key reason for banks and companies to back off from military. do you think the u.s. realizes what it's doing how military. do you think the u.s. realizes what it's doing how much more difficult it's making this and have gone ahead anyway imposing these things and these new much more difficult it's making this and have gone ahead anyway imposing these things and these new rules. oh i mean the administration continues to claim that the center also. oh i mean the administration continues to claim that the sanctions are not directed at the people of iran however on several order

u.s. treasury secretary steven in recent months well in jerusalem this week u.s. treasury secretary steven and israeli prime minister benjamin netanyahu so the current sanctions that were slapped on iran's news really prime minister benjamin netanyahu so the current sanctions that were slapped on iran's economy basically cutting off their oil revenue are working but are they economy basically cutting off their oil revenue are working but are they well bombshell new 47 page report by human rights watch found that iranians will bombshell new 47 page report by human rights watch found that iranians are getting humanitarian importance like vital medicines and medical equipment what's are getting humanitarian importance like vital medicines and medical equipment what's interesting though is the united states has exemptions in iran's sanctions for humanitarian interesting though as the united states has exemptions in iran's sanctions for humanitarian imports however the u.s. and even european countries are essentially skerrick words however the u.s. and even european cou

u.s. treasuries.prising given the rising amount of negative debt around the world. >> that's right. toan's holdings increase 1.17 trillion dollars in august. that's after buying the most since august 2016 -- 2013. it overtook china as the largest non-u.s. holder of treasuries havehat's as of countries been negotiating trade deals with the u.s.. it is worth noting that this year, japanese investors have added 135 billion worth of u.s. debt. u.s. treasuries are still offering some of the highest rates in the development market as the stockpile of negative yielding bonds around the world's wealth. >> thank you so much. on the find her charts gtv library on the bloomberg. eu leaders meet in brussels thursday as negotiations continue on the potential new brexit deal. there has been some optimism and keyccord may be reached but issues remain including the irish border and the status of northern ireland after the split. sterling tell from a five-month high as officials lay down the prospects of a last-m

u.s. treasury, and in terms of the monetary fines, the monetary fine is only one aspect of the relief we update from facebook. yes, $5 billion penalty but also broad injunctive relief that constraints the way which facebook and have consumer data going forward. the information about how we calculate that number is not yet public but we do hope to show that in the coming weeks. >> host: did you agree with that fine and that relief that you sought? >> guest: yes, i voted yes. some people have characterize that as perhaps not significant enough of a number a number fok to habitually deterrent effect, but, in fact, it is the second largest civil penalty ever imposed by the u.s. government after only deepwater horizon were obviously the environment was contaminated and industries were destroyed, livelihoods were lost. and so we believe i billion dollars is a meaningful deterrent, particularly when as i mentioned there is also broad injunctive relief that extinguishes mr. zuckerberg ability to make unilateral decisions about consumer data and privacy and facebook will be for. >> host: what exactly le

u.s. treasury. i will mention that we have calculate d that up to $29 billion r for the u.s. trashry fr treasury from this process. i'll walk you through the mechani mechanics. the most important part is how we transition the cable programming off satellites. what you see this, on the left hand side, you see a studio beaming to a satellite and cable provider then distributing it over to u.s. households. that's extremely viable in u.s. areas. some of the fiber already exists and they get to be a fiber today but what we're proposing is moving all the content out of fiber so we have to build fiber between the data centers and connect the cable to the remote so from there on, they can keep distributing it the same way as before. then what happens with 130 megahert. over that, we will be repack in it's a process the satellite operators go through from time to time and we are talking about repacking all of the lower frequencies into the upper 130 megahertz so the 370 b can be free. reimbursements will cover the cost of transition fiber and there will be inicentives for that to happe

u.s. treasury and in terms of the monetary fund, remember obviously a monetary fund is only one aspect of the relief that we obtain from facebook. yes, it's $5 billion of penalty but also brought injunctive relief that constrains the way in which facebook can handle consumer data going forward. >> watch our interview with fcc commissioner christine wilson tonight at 8 pm eastern on the communicators on cspan2. >> today the commerce science and transportation committee examining the boeing 737 max following two international accidents last year testified before the committee is boeing's president and ceo dennis mullen bird and vice president and chief engineer john hamilton . watch live today at 10 am eastern on c-span3, online at c-span.org or listen live wherever you are with the free c-span radio app. >> thinking on participating in c-span's student cam competition but you've never made a documentary film before us and mark no problem. we have resources on our website to help you get started. check out our getting started and download pages on studentcam.org for producing information an

u.s. treasury futures rising slightly.ill be a top out according to goldman sachs and bank of america at 2%. moment, deep misgiving in the bond market. one week's optimism does not make a tantrum. therein lies the point. our way, at the end of last week there was a view we might see a re-raising in the bond market, 20 basis points, the second biggest move this year appeared a little bit of caution coming back in. goldman sachs say deb urgency is between hard data and soft data in 1996 and 1998 resolve the favor of hard data and a selloff by double nickel at 55 basis points. let's get the asian market wrap from singapore. hires forasian stocks a third session driven by what you are seeing in japan. the markets that were closed yesterday for a public holiday. playing catch up to the euro phoria we saw across global markets monday. the topics up 1.5%. blackrock saying they will chasing this rally. sincepics has written 7% august. the cfi 300 down by .3%. factory deflation deepening in the month of september. pork prices pushe

u.s. treasury says the move shows its commitment to supporting anti corruption efforts in south africa the group. excuse me deny any wrongdoing. now forecasters say a typhoon heading for japan will be the most powerful to hit tokyo in more than 60 hears people in china chiba prefecture are securing their belongings ahead of the arrival of a super typhoon how could this on saturday and many are still recovering from a strong typhoon that struck last month. well in a few moments we'll have the weather with jenny but still ahead right here on the al-jazeera news hour flying to fly for education students paralyzed city centers across colombia. and why there is renewed fighting in the mountains off me and more . in sport a boxing world champion is in intensive care following a car accident details coming up with santa. hello there this is a typhoon this and this is all of course we've been following for the last several days it is a huge and very powerful typhoon and indeed japan is still recovering from a typhoon facade that was indeed just a month ago right now sustained winds of turn 20 kilo

u.s. treasury secretary steven the news in the e.u. is ready to act counter measures when i tell you about in frankfurt thank you so much. while those new u.s. tariffs on your products kicked in today let's take a closer look now at how those duties of 25 percent on agricultural products impact french wine. in the beaujolais vineyards this year's harvest has been better than expected despite the frost and drought now it's time for a final taste before the wine is released to the world this year success on traditionally its biggest export markets the us is by no means guaranteed that. it's the 1st time that we've had a 25 percent increase in one go is a bit of a sucker punch. dominique gets 10 percent of his turnover from the states he's relying on good relations to keep importers on side. in another famous french wine region makers of burgundy are hoping very few taishan for the highest quality will see them through the tariffs de-bone for example is known to connoisseurs around the world. not just your the wine industry offers more and

u.s. treasury reporting its figures at the end of the u.s. fiscal year the ballooning debt is largely due to the trumpet ministrations tax cuts it's the 1st time since the early 1980 s. at the deficit has risen over 4 consecutive years. in iraq at least 30 people are dead after police fired at anti-government demonstrators at several protests across the country crowds gathered in cities including baghdad and basra and set fire to around 50 official building they want the government to resign and calling for anti corruption forms. the head of the world jewish congress ronald lauder has visited the german city of holland weeks after gunmen killed 2 people while trying to break into a synagogue there lauder's visit comes amid numerous signs of a rise in anti semitism in germany on monday he will present chancellor angela merkel an award for her commitment to fighting and. germany's foreign minister heiko mosque is set to meet his turkish counterpart. in ankara today for talks on the situation in syria the discussion is likely to be a difficult o

u.s. treasury just a few months ago saying that now. we bring you the stories and developments that are changing. what's my eyes of piracy. on al-jazeera. if one has a passion and you have determination you are going to be vulnerable. in this and his existence. but once you are focused time you have a dream you removed a dream so long as you have a good cause. and i let me show you something this is a $1.25 a well i mean if it were by a very small cup of coffee millions of people around the world exist on less than this amount a day of the numbers have gone down but there's still a lot of work to be done at a time when the world is looking at how to reduce extreme poverty the spotlight has been turned on women wherever they have the opportunity to be actively involved in the local communities and economies the huge benefits to the people around them to local economies and researches know that investing in winning. it's not just the right thing to do it's smart economics because there's a ripple effect the spreads into the wider communit

u.s. treasury secretary steven in the newton says ankara could face powerful sanctions for the military incursion he was echoing a threat made by president donald trump earlier this week who said the u.s. would totally destroy the turkish economy if ankara goes too far. i just met with president trump and he has authorized and will be signing a new executive order giving the treasury department in consultation with himself and secretary pompei. very significant new sanctions authorities that can be targeted for any person associated with the government of turkey any portion of the government. and now to some of the other stories making news around the world. in the trump impeachment inquiry former u.s. ambassador to the u.n. to ukraine mary avant of it has arrived at the house of representatives to testify last may president trump ordered that she be recalled from her post reportedly because she was blocking efforts to pressure ukraine into investigating joe biden the president has previously described mizuno benefits as quote bad news. clashes have broken out in ecuador's capital quito as thousa

u.s. treasuries.o the point where we are going to get a lot of supply in the fourth quarter, even though you want to buy u.s. treasuries, i don't think you are going to see that capital gain you are hoping for. you do have to hide in places like gold and the dollar. there really aren't too many other choices. alix: we have euro-dollar ready to a chi -- euro-dollar at a two-week high. you are fading that. mark: yes. where do you hide? at this point, it is that dollar safety, that dollar conversion. we do still have one of the strongest economies in this failing market on a global basis. alix: gina, to your world, what struck my eye over the last 24 hours is that the realized and implied correlation is rising for the s&p. i feel like everything for the equity market moves together. doesn't that signal that you're are in for something big? what does that tell you? gina: it is consistent with a selloff. fall, bondsstart to start to experience some volatility, what we seen is correlation starts to rise. ev

u.s. treasury secretary minucci and threaten the turkish economy could be in a tight spot the country's currency the turkish lira collapsed sharply in recent months and drag the economy down with it. earlier today i spoke to a. director of global risk analysis at control risks and i asked her how much damage to the u.s. could actually do to the turkish economy. well is any sanctions usually from the point of view of political impacts they they produce this is the rallying around the flag effect so even though the. electoral base has been suffering a lot in the recent months some devaluation of the new year are in generally from rising prices but this riding on the flag effect is going to increase at least in the short term or dance popularity and help him to put across the message that is it wasn't his policies that are responsible for economic slowdown but the conspiracy from the west but it all depends how long those sanctions are going to continue clearly turkey can withstand in the short term the economic impact but the sanctions if sanctions are going to deepen and expand over significant p

u.s. treasury secretary steve menuhin has warned a new round of terrorists to take effect in december will still happen unless a deal is reached well for more on the effects of the existing tariffs we can speak to. from the asian development bank at director of macro economic research division so we've already got tariffs on hundreds of thousands of dollars on chinese goods billions indians and yes hundreds of. what effect they already having on on asia as a whole right the number of affects the 1st is you're actually seeing a decline in investment pretty broad based across the whole region so if you look at let's say the 11 largest economies in developing asia in 8 of those 11 economies we saw a decline in the contribution of investment to g.d.p. growth in the 1st half of this year compared to last year so that's one it's really dragging down of course that's not the only factor slowing global liquidity in trade but also the electronics but definitely the trade calls that this playing a part there the others trade redirection you are seeing say china china's exports to the u.s. declined b

u.s. treasury secretary minucci and threatens the turkish economy could be in a tight spot the country's currency the turkish lira collapsed sharply in recent months and drag the economy down with it. well let's speak to. his director of global risk analysis consultancy risk. how much damage can the u.s. do to the turkish economy. the turkish economy has been going for a period of rather prolong the cannot make turbulence following the introduction of the previous u.s. sanctions and there actually has been coming out of the period of recession and it covering serious economic fundamentals today look at much better than they looked in 2018 when the 1st u.s. sanctions were imposed and so far we've seen the rather limited reaction from the markets you know partly because the 1st set of the sanctions that was announced yesterday actually are rather limited sanctions as you mentioned they're primarily focused on individuals from free ministries but what i think is very important for an economy is that uncertainty and this is why many corporates invest this are now putting their plans on hold but also

u.s. treasuries and german bundseinforce the sobering measures that global growth is stalling and inflation hopes are fading fast. then president trump steps up his attack on his potential election rival joe biden, calling on china to launch an investigation. later, apple made a pricey gamble on the iphone 11 camera as more people get their hands on the device, we will ask if the gamble has paid off, but first, let's get you a quick check of how markets are trading at the moment. we are seeing u.s. futures currently unchanged at the moment. it is still early in the session, but this, of course, coming after the s&p 500 rose the most in a month. we are talking .8% gain for the s&p 500 as we had week services sector numbers, the weakest we've seen in about three years. that, of course, sort of raised odds the fed could be moving, and that led to investors pricing and more rate cuts. the dow gaining 122 points, and the nasdaq leading those gains with gains of more than 1%. we also had financials higher, but a little bit

u.s. treasury secretary steven mnuchin in jerusalem, netanyahu claimed tehran wanted to set a more missileons in iraq and syria. now a top pentagon advisor argues u.s. restrictions on recruitment and information sharing with the country are counterproductive. university stanford calling for access to china's top scientists. the trump administration weighing more export bans on critical technology fields. china's ban on individual travel to taiwan could see the number of visitors to the island fall for the first time since the sars outbreak of 2003. 26%ade traveling down to in december. china banned individual travelers from traveling to taiwan entire lif -- in july. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. shery: thank you. the australian market opens at the top of the hour. let's turn to sophie for what to watch. sophie: aussie bonds already on the move and we are seeing the global selloff continue with aussie yields climbing four to five basis points. this morning, another

u.s. treasury and in terms of the monetary fine, it's only one aspect of the relief we update from facebook. yes, $5 billion up, up into but also broad injunctive relief that constraints away which facebook can have consumer data going forward. >> watch our interview with ftc commissioner christine wilson tonight at 8 p.m. eastern on "the communicators" on c-span2. >> the council on foreign relations hosts a discussion of future of u.s. relations with turkey. panelist discussed relationship between the two countries. from last week this is about one hour. >> good afternoon, everyone. i want to welcome you all to today's meeting on u.s.-turkish relations, the shifting nature of two named alice. i'm ellen laipson and i'm currently the director of the international security program at george mason university and it's a great pleasure to preside over today's discussion on a topic that i think is particularly compelling. so in our topsy-turvy world where we write love letters to authoritarians and would publicly disparaged our allies, it's interesting to think what is a u.s.-turkish relations fi

u.s. treasury. and in terms of the monetary fine, remember, of course, obviously the monetary fine son-in-law one aspect of the relief we obtained from faceback, yes, the $5 billion penalty but also broad injunctive relief that constrains the way in which facebook can handle consumer day 25 going forward. >> watch our interview with the f.t.c. commissioner tonight, 8:00 oom eastern on "the communicators" on c-span2. >> thinking about participating in c-span's student cam 2020 competition but never made a documentary film before? no problem. we have resources on our website to help you get started. check out our getting start and downloads pages on studentcam.org for producing information and video links to footage in the c-span library. teachers will also find resources on this teachers materials page to help introduce studentcam to your students. >> my advice to anyone who wants to compete this year is to find a topic you're truly passionate about and pursue it as much as you can. >> this year we'r

u.s. treasury or just a few months ago say that no chinese was going to close we bring you the stories and developments the dramatically changing the world we live in what's behind the rise of piracy. counting the cost on al-jazeera to. had i missed. with the top stories on al-jazeera joe biden has described donald trump as desperate and defensive hours after the us president called his potential 2020 democratic rival stone cold crooked without offering any evidence as the impeachment inquiry intensifies trump again denied pressuring the ukrainian president to investigate biden and accuse the democrats of conducting a witch hunt she have a chance is following all the latest developments from washington d.c. and has this report. house democrats announced on wednesday that they would subpoena the white house for documents related to their impeachment inquiry if they don't receive by friday they've also asked for documents from the state department president trumps personal lawyer rudy giuliani but they warn that no one should think they can avoid cooperation through the legal action challeng

u.s., they are declining. look at the 10 year treasury breakeven rate. years,age, over 10 inflation is expected to average around 1.5%. this is going to continue to put downside pressures on fed funds futures rate and contain u.s. dollar strength. on friday, ther nonfarm payroll number is very important. you mentioned the job number everyone is going to be watching closely. the survey is for the u.s. at 147,000 jobs. what is your expectation? how do you see those numbers going forward? they are expected by economists to slow. >> that's right. what's going to be more important rather than the pace of job gains is the pace of wage growth. the u.s. economy is basically at full employment, and it has been for quite some time. whether we are at 140, that's not going to be the big mover of u.s. rate expectations, or even the u.s. dollar. a bigger mover will be the pace of average hourly earnings growth. at this stage, judging from the leading indicator, from business surveys, consumer surveys, it looks as though we will have a pretty decent u.s. average hourly

u.s. treasury is going to target.s of large issuance, people are not surprised the ms will be very big. they have gotten used to that. shery: that altra long bond conversation, popping up here and there. mark cranfield, our strategist in singapore. let's get first word news with riddick a group to -- with -- for an the u.k. prepares election december 12, prime minister orest johnson finally triggering a snap vote in getting the date he wanted in an effort to resolve the brexit crisis. it will be the third time u.k. has gone to the polls to choose a new government since 2015. we will have a live report from london in a few minutes. ♪ the boeing ceo has defended the company ability to sign off on aircraft designs while admitting mistakes have been made. he testified before the senate commerce committee and faced tough questioning over steps crashesd to two deadly involving 737 max 8 jets. he said the company will review reforms by congress but declined to endorse specific measures. >> the airplane will return to service

u.s. treasury's online website, treasurydirect.gov. now, people have been asking, why aren't u.s.nd things of that nature as popular now as they were back in the days of world war ii? one of the reasons is that for some of the bonds, you are not getting any interest. it is zero or 0.3%. it doesn't seem like it is going to give you much anymore. not like when we were talking about and you put an $18.75 and you get back $25. you are not having that so much. some people are nostalgic, where you don't have that physical thing anymore. i mean you can print out and you can go online and buy the bond and you can print something out and stick that in your niece's or nephew's birthday card. but, it just doesn't seem the same. the government has been saying that by discontinuing the paper bonds, we are saving a lot of money regarding the cost of printing the paper bonds. so, that is a thought. but some of the romance is gone. some of the romance is gone. and some people, particularly , and i can't identify with this, of a generation that grew up before there were computers , before everythi

u.s. treasuries look attractive relative to the rest of the world?out you compare what is priced in in terms of further rate cuts. if we compare to the euro market over here, we have repriced a lot of ecb rate cuts already. we have not done that to the same degree in the u.s.. relatively speaking, we are going to be careful there. coming up, apple tops estimates for the key holiday season. will their new installment plan and iphone trade program see a return to growth? ♪ manus: this is "bloomberg daybreak: europe." projected holiday sales above analyst estimates. iphone revenue was down from a year ago. the iphone 11 will see a return to growth come year-end. manus: apple's rival samsung smartphone sales were up from last year. investors see a return to profitability and their recovery in the memory chip market. carr bloomberg opinion columnist joins us from

u.s. treasuries trading near their highs of the year. german bond yields the least negative since july. world stock of negative yielding debt is at its smallest since july. risk appetite for me returning to the market. is it justified? will it be justified by the data out of the u.s. and the fmoc meeting. let's get more from hong kong. what is the latest? david: we are coming out of the lunch break, that is the weak spot across the asia-pacific. an ipo in hong kong in the first quarter, and hong kong activist running for election. that is leading to weakness. have a look at the other part of the market story, a move up in global yields. new zealand is up 11 basis points. australia, 10 basis points. south korean currency is leading the strength across emerging-market fx today. tracy: how are the indian markets faring? indonesia is reacting to rate cuts. markets are doing ok, 0.6% higher. for highing out with modi.ple along we will also be there at the summit, and people are looking at aramco. all of those things to be watched out for. thank you so much for that update. let's check in on

u.s. treasury secretary steven mnuchin, speaking at the white house about potential sanctions against turkeythe u.s. he said that president trump was ready to sign a sanction, an order of sanctions on turkey, but said they were not imposing them just yet. a little bit of activity in the turkish lira, but steve mnuchin basically saying that they are onking to sign an order sanctions on turkey. those sanctions, not activated yet, but they would be very powerful. isnda: romaine, it interesting, obviously. mnuchin had telegraph that this was not a news conference and -- about a potential deal with china, but he said more will be said about that after a meeting today at the white house. interesting to note, the sanctions signed but not imposed, and one of the questions that will be asked in the days ahead, and we will start asking the right now, what are the conditions that would lead to imposition? not a single isis fighter release, but it is not clear what other terms of this tension -- these sanctions will be in place that could trigger this. we will be back with more. this is bloomberg. ♪ ama

u.s. treasury and in terms of the monetary fund, obviously the monetary fine is only one aspect of the relief that we obtain from facebook.yes, find billion dollars of penalty but also brought injunctive relief constraints way in which facebook can handle consumer data going forward. >> watch our interview with christine wilson tonight at 8 pm eastern on the communicators on cspan2. >> and it's our weekly lookahead in washington bureau, joining us this week alex wayne, white house editor for bloomberg news and catherine mcmanus who is with rollcall and covers capitol hill. let's start with the rate over the weekend. the comments we heard from callers of questioning about whether president prshould have informed democratic leadership aheadof time. currently in his comments he mentioned he didn't. did we know what the president supposed to do or torby tradition has done in these situations ? >> the president wouldn't form what is called a gang of eight. it is leadership of the house and senate , republicans and democrats as well as a certain community chairman including the intelligence committ

u.s. treasury the poster who let's go say that the chinese have some of the most we'll bring you the stories and developments the dramatically changing the world we live in what's going through the eyes of piracy it is counting the cost on 00. for the last 2 years these students have been collecting rubbish every day it's helped clean up the campus and helped build some of its facilities for every 2 kilo's of plastic waste they collect this school receives a brick made of plastic and cement. for some activists this may not be the most ecological way to eliminate the problems of plastic but this is seen as an immediate solution to the growing problems of landfills across the country waste can now be used to manufacture building materials. rewind returns with a new series. on brand new updates on the best amount to serious documentaries or stick at 800 it's fun to just stand back just rewind continues with the gift of sight just so sickly intervention is one of the few where you will see patients like this says at least 10 years younger than she was yesterday just within 24 hours on al-jazeera