. >>> straight to the action in this video which comes to us from china. you can see this huge crane working its way down the road, straight through all of the cars you see in front of you. >> the brakes not working? or was that the driver trying to get in the car? >> that guy who jumped in apparently is a local shopkeeper. he runs up, as he's approaching those two cars, jumps in at the last second, finds the brakes and is able to bring it to a halt. not before six different vehicles were all pretty much trashed by this. >> it's like a mudslide. >> it's got so much power that nothing was really stopping it. we're seeing reports that said the driver lost consciousness and there has been some speculation it may have been because of an especially let me -- epileptic fit. fortunately the shopkeeper was there. absolutely no injuries. >>> he's about to change the workout world. >> i'm founder of supplemental. >> why you won't have to make the decision between beer and a protein shake ever again. >>> plus three time lapse travelers with one mission. the spectacul

that comes to us from china. thousands of drivers in beijing trapped in a traffic jam for hours.t is a 50 lane highway. a new check point that forced the 50 lanes to merge into 20 lanes. add to that millions of people traveling for china's week long national day get away, one of the busiest tourist events of the year and you get the epic traffic jam. >>> one major u.s. airline is adding room to your flight instead of taking away. alaska airlines rolling out new overhead bins on 737s to acc accommodate more luggage. they are supposed to allow six bags overhead instead of four translating to 60 additional bags per plane. nearly half will have those larger bins. doesn't mean you can bring a bigger bag. >>> pepsi unveiled a new recipe for the diet cola. after surveys suggesting consumers were steering clear of diet soda pepsi corelaunched diet pepsi. turns out many pepsi loyalists describe the formula as too sweet calling for the aspartame recipe to return to stores making people think of something called new coke. >>> the exclusive interview with 27 of the bill cosby accusers in the

china. the chief economist and managing partner at complete intelligence joins us live from singapore. china sneezes and the rest of the world catches a cold. is that the case. ? >> sort of. that is manufactured in asia, it is becoming the biggest trading partner for most countries here. china slows down, it really, really hurts the countries here. >> the government is trying to prop up the economy. what has it done so far. well, there has been some short term activities around financing, around helping start-ups, and around some investment as well. there has been an effort, obviously, to prop up the stock market as well. there are longer term activities like internationalisation of the chinese currency. this one belt, one road investment, fixed asset investment, to build ports and roads, asia, eastern africa. there were short-term and long-term programs invited. >> there were long-term measures to take effect. redundancy is taking impact. >> sure. i think the long-term measures are. i think, when they happen, they'll tick over fairly quickly. the one road program has $250 billion dedic

i have friends from china. they used to come up to see me and they would say, donald, we cannot believe we get away with this. your people are incompetent, and that i and then i said was running for president and they said, i am only kidding. they have no idea that i would be reviewing. first of all, when china sends us their goods, there is no tax, no nothing. , number one,china they won't accept them. if they do accept them, they have massive taxes and tariffs, it is a one-way street. a friend of my can't get his goods in china and finally, he gets them in and they charge of attacks that was so high but i cannot tell you because nobody will believe how high it is. these are smart people, but i have people that are smarter. [cheering] i have people. i have some of the great business people. they are all calling me. enemies, i friends, have guys so smart, and some i don't like. some i cannot stand. some are horrible people. actually, i know one that is so he is theuman being, worst human being i ever met, but he is an un

chinese media reported some frierice was used for pig feed. officials from china announced they are disqualifying the attempt after confirming 150 kilograms of the rice was improper lly thrown out. items created in record attempt have to be eaten by humans and not wasted. that's all for now on this edition of "newsline", and úa >> you are watching france 24. rescuers struggled to reach areas in afghanistan and pakistan, worst hit i monday's earthquake. stands at over 300. beijing slams the u.s. after it sends a warship close to china's man-made islands in disputed

china sea. patchari raksawong joins us from our bangkok studio. >> the philippine government submitted its case in 2013. china has maintained the court has no jurisdiction to rule on it. but on thursday, the court said it does have the authority to hear some of the philippines cases, the government in manila has welcomed the ruling, which appears to give its position against china a welcome boost. nhk world's charmaine deogracis reports. >> we welcome the decision of the tribunal. the ruling on the jurisdiction paves the way for the furtherance of the proceedings to evaluate the merits of the position. we will await advice from the tribunal. >> reporter: china took this shoal under its de facto control in 2012 and has been reclaiming islands in the spratlys. the permanent court of arbitration found that these and other cases were valid for it to consider. one cornerstone of the philippines legal strategy is to seek the invalidation of china's so-called nine dash line. china claims it has historic right to sovereignty inside the line which takes in almost the entire south china sea. manila claims

china. purely thinking from the point of view of how useful google is and the fact that people in china whore at universities, study abroad, they depend heavily on google, even despite the fact that it is blocked. that i just think, at the end of the day, someone is going to figure out a way to solve whatever issues exist to bring all of this innovation, present and future, to the people in china. emily: how satisfied are you with the pace of innovation at android? hugo: i am quite happy with the pace of innovation, i think especially because i understand how hard it is to make progress. when you are literally supporting hundreds of oem's and partners around the world. in many ways, i think android is entering a new phase by expressing itself through so many the different screens and different types of devices. that there is basically an entirely new and completely unexplored galaxy of possibilities here. emily: google does not really make money off of android. and it is not doing well when it comes to mobile advertising. and companies like xiaomi have built huge businesses off the back of

anna: let us continue our conversation about china from a slightly different angle. joined by tim coulter with some of the topics from our business site, peter is still with us. tim, good morning. you have a story about china, but not whether donald trump has the chinese president on his call list. but more about the chinese leadership, and where they're heading next week. tim: of course, where will they end up at buckingham palace? the story is all about the chinese media is making a great fanfare around this visit, around this great royal visit. how he is going to be treated and feted. how he is going to spend the night at buckingham, have a dinner. anna: ride in a state carriage. tim: a gun salute. anna: that is very specific. it?this is no accident, is that the chinese media are going heavy on the story, it is communist party priority -- to boost his reputation as a world leader. tim: that is exactly it. the presents him as a very strong person, that someone to be revered and respected. isa time when the economy slowing, the gdp report that could be below 7%. we

from china. a top angel investor is with us.lus, story of the morning dell buying emc in the largest tech deal in history. our di vang di vaavid faber wil break down that deal in just a moment. [ male announcer ] some come here to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ >>> hello everyone. i'm sue herera. here is your cnbc news update at this hour. russia announcing it has foiled a terrorist plot detaining several men it says were trained in syria by isis militants. its counterterrorism agency raided an apartment on sunday and found unidentified explosives. amateur video emerging showing a security balloon in afghanistan falling to the ground after being hit by nato aircraft. a british military helicopter crashed in that vicinity killing five crew members and injuring five others. nbc

from here. emily: how much will they tell us what is going on in china really?nd ultimately what's going on with apple? >> in some ways, alibaba is a good proxy for the chinese market, so well represented across different parts of the economy. we may get some insight from their numbers. i think the apple store is much more specific. we don't really have inside -- how much of the iphone 6 rollout numbers were coming from china, and we will now see that. that will tell us more about the u.s. than china. emily: what about alibaba's investment strategy? a potentialg about investment in pharmaceuticals, movie studios, and the youtube of china. are they going to give any clarity on the strategy here? >> they have made it clear that you will see more investment overseen to the tune of billions of dollars. i think that is something you will get more insight into. they have to hold the attention of the users of alibaba. it is the world's biggest internet market. you want to get them to the site , keep them at the site, and that's why you're seeing bigger investments in t

we're going to bring you the sector tazz could take us even higher from here. china a number of individual stocks and sectors. three smart ways to trade china's rate card and facebook topping $100 for the first time ever with 18 times revenue multiples. is the stock overvalued? should we buy it at these levels? we'll talk about that, and, of course, debate many other stocks that are hitting all-time highs in tech world. scott where i, back over to you. >> take a look at the leaderboard. get a look at bhos on top now. it's john negarian in the lead. things have been switching almost every day. josh brown in second by one-half of 1%. stephanie link behind that. >> we have people making moves. >> yesterday i sold out of red hat and bought lamb research, and then today i sold out of lulu and bought whirlpool. >> oh. >> i still like -- >> umpf. >> i like red hat. he still like lulu, but this is a competition that we only have two months left for, so i like the risk-reward for both lamb and whirlpool to the end of the we're. let me do the ease where i one first. that's lam

i have friends from china. they used to see me and say, we can't believe we get away with this. this is unbelievable, you're people are incompetent. then i said i'm run forth president. they said, no, we were only kidding. they had no idea i'd be revealing their conversation. they can't even believe. first of all, when china sends us their goods, there's no tax, there's no nothing. when we send china number one they won't accept them, if they do accept them, they have massive taxes and tariffs. it's a one-way street. a friend of mine, great manufacturers-can't get his goods in. he manufactures great stuff. can't get his goods in china. calls me. i can't deal with these people. then finally he gets them in they charged him a tack that was so high, can't tell you because nobody will blew how high it was. -- believe how high it was. these are smart people but i have people that are smarter. i have people -- i mean ex-have some of the great business people -- they're all calling me. these guys, friends of mine, some enemies. i even have enemies calling. i have guys that are so smart

us. that warning from china to the united states after an american navy warship gets too close to an island china is building in the middle of the sea. >>> plus anger, after a video shows a deputy slamming a female student to the ground. i'll ask the sheriff whether this deputy did everything he could to stop it from coming to this. when i lay in my tempur-pedic contour, then i slowly feel it start to kind of wrap itself around me... my mind just goes kind of blank- and the next thing i know it's morning. with tempur-flex you've got the spring and bounce of a traditional mattress and it also adjusts to my body. my cloud feels so comfortable. it feels like somebody's hugging you. how can a bed do that? this is the best investment of your life because this is where dreams are made. (vo) there's a tempur-pedic for everyone. find the feel that's right for you. more and more people with type 2 diabetes are learning about long-acting levemir®. as my diabetes changed, it got harder to control my blood sugar. today, i'm asking about levemir®. vo: levemir® is an injectable insulin that can give you

us on bloomberg from shanghai. thank you so much for joining us. china represents only 5% of your global capacity for 2016.oint by 2020 do you see china represent? >> good morning, angie. china could represent, by 2020, probably as much as 8%-10% of our global capacity. i am very excited about what is going on here. a lot of people see a lot of growth here. overll be up 58% this year last year. there are 100 million outbound chinese tourists today. we are talking less than 1% or just a little more than 1% of those travelers. angie: 58% next year. is that slowing down? in 2012-2000 13, you saw 70% growth in china. >> that is one year of growth. this year, we move 43%. we are growing at a higher rate on a larger base. withe number one in china nearly 50% of the share here. we will have six ships here. fortuna is a beautiful ship and of course, the golden princess. in 2017, we will be introducing the number one brand by far in germany and then our namesake brand, carnival cruise lines will have a ship here, the miracle, beginning in 2017. angie: you have middle-class chinese growing by leaps and bounds. they

from the elimination of china's one-child policy. the company generates nearly a third of its sales from china. that's the company's biggest market. >>> william lee joins us now to talk more about china and the u.s. economy. he's the head of north american economics at city. bill, welcome. my question for you is is the u.s. economy slowing and is it likely to stay slow? and if it is, why is the federal reserve pointedly saying it will raise interest rates in december? >> well, tyler, i think the u.s. economy's actually doing quite well. it's growing in the 2%, 2 1/2% growth path. this quarter we actually had some good adjustments because we're trying to right the inventory drag that's been there because of the build-up in the first half of the year. so this inventory decumulation we're seeing is a good thing and puts the economy on a more balanced growth path. >> do you still feel, bill, as you did before that the u.s. economy is the most resilient around the globe despite the fact that europe has made considerable inroads to strength? >> in your intro you showed the economy has mixed data. some data are strong, some are weak. that's exactly what we'd exp

china. >>> joining us now from manila is marshal may, director of emerging alpha advisors a country that focusesn asian markets. good to have you with us on,as. economists seem divided in their interpretation of the latest economy data imports now for the 11th month. exports falling sharply. how do you think the economy is doing? >> well, the data at either end of the curve or the trend line is quite messy. i would advise we are probably near the bottom but not there yet and have a lot of bumps to go. the problem is that as each country adjust manufacturing or export policies, the other is on the import side change as well so it's a never-ending game. we may think we are at the bottom but it could go a bit further. one of the big questions in all of this is: who is going to lend the money to buy more stuff and for what purpose? i think the general problem we face globally is that we are in the last part of a general deleveraging of the global credit system in which excess credit which basically fuels speculation certainly 10 years ago is being squeezed out and that adjustment process is slow and

us from tokyo. a look at what's going on in china with the telecom industry. carriers, news of a major restructuring when it comes to the mobile phone business. tim joins us now with more. what's going on here, and what's behind the reorganization? really, is quite simple. china tower is being set up to run, as the name suggests, the mobile phone towers that are dotted around china. like most countries, every individual telco has the run towers. sometimes they lease those from third parties. there's a lot of doubling up going on. so what basically happening is the government has stepped in and has suggested a new restructuring take place. so china mobile, china unicom, china telecom, will put together assets into the central unit, the central company, and essential company will be running at. the idea is to stop the doubling up and make it more efficient, and in syria 11 to free up money to put toward may be better technology or rolling out to the further provinces of china. rishaad: tell me something, tim. it's a bit unusual, isn't it, for a government to get

china. nicholas will join us. an important discussion. a china truly out of the -- in transition. fromm new york, this friday, bloomberg surveillance. tom: good morning, everyone. bloomberg "surveillance" in new york city. a beautiful day. halloween is on saturday. so there will be trick or treating friday. trick or treating saturday. right now, what are you going as? a what? she is going as thor or something like that. >> it is always trick or treat here on "surveillance." appear to be going for more expensive brands. imbev raised its full-year revenue forecast. they make budweiser. a proposed takeover value at $106 billion. france's largest bank b.n.p. paribas better than forecast. tougher capital rules are making some trading activities less profitable. >> when it comes to markets it is true this thr has been more volatility and uncertainty about monetary policy. as you know, we have been working with ocip to be well positioned to capture market share. that's basically what we have been doing. global markets up 6%. strong performance in equities and good performance particularly in

china slow down. stay with us. >> sales from kering fashion division rose year on year. ts helped offset weakness in mainland china. let's get out to the analyst at exxon that joins us. thank you for taking the time. why is it that kering is defying the gloom of the sector? we heard from the likes of lvmh and they all saw a huge anythnee impact from china. what are they doing differently? >> there's a reason here. there were disappointments against higher expectations and the good news was that the expectations were quite muted. the organic growth seemed to be at minus 0.5% or there about so this was significantly less than the 5% expected from the passion and leather goods division at lvmh so i'm not saying this is all technical. they are certainly on a recovery trajectory and they're doing quite a lot of new things which are very encouraging except most of the results are not yet in the numbers and it could match the muted expectations the market had. >> i want to stick with gucci for a little while here. they account for roughly one third of the revenues of the total g

us now. manus: everything you read about global growth, china, i get it. additions, we are trying to get used to a new paradigm fromstanding the united states of america. and we are getting improved growth in europe but not the level like in the u.s. simon french: no, it is not. part of it is the post financial crisis era defined by governments trying to smooth the business cycle completely. what were seeing in a cyclical downturn, what was seen for a long pedal of time, the response, the one gone out to voters is to bring forward public spending. what we're seeing the china with all projects and government spending growing 20's and percent year on year. other countries will take the political move of following suit. manus: new policy, rehash. thank you for being our guest host for the past 45 minutes. simon french joining us. next -- we will raise our hand. overtaking vw. reclaim title as the world's biggest carmaker. said it nevert cheated on emissions and car sells rise and we break down the news out of the car sector. vw's earnings on wednesday. ♪ manus: 7:19 a.m. in london. 19 -- 8:19 a.m. in frankfurt. china'

us about their behind-the-scenes business. ♪ setback forential right hailing services in china -- the government has said it would ban the use of private services.axi hailing the companies have raised really in some dollars fromestors to expand in china. uber'sbnb ceo discussed growing problems earlier today and describes how his company is different. brian: one think people will say is that airbnb is a collaborative company. i don't see us battling cities. we are a company that brings people together. if a company brings people into other people's homes you don't want to be a brand that is fighting. no plans says he has to take airbnb public in the next few years. he says he is not concerned with competition from hotels and has plans to be accessible everywhere. airbnb is one of more than 500 rand inc. software made by the newly minted unicorn, medallia. they are in the business of customer experience management. the vc firm has made it one of its best investment ever. and amyrs borge hald pressman join me now. this is not a household name. what do you do? airbnb is a customer. what do you do for airbnb? amy: we gather customer feedback everywhere, from media for, from surveys, and we put it together and har

from china. idea, then gets us on to what the fed will do. i have never seen a time where a u.s. century bank is so buffeted by tangible international debts. or 1998?even in 1997 tom: that was more of an emergency event. important to say this is not catharsis, it is not economists on the cover of time magazine. stephanie: christine lagarde this summer urging, almost begging janet yellen to pay attention to the global economy and what the world looks like a broad. tom: she did. stephanie: but the more people we speak to hear, big-time u.s. investors that are feeling great about our economy, who does janet yellen have to listen to at this point? the trick is trying to sort through the noise. we have had one soft-ish non-farms payroll report. we get another one soon. goods next week, what is going on with. when we look at the fomc statement stay, and remember there is no press conference, they will try to find a way to acknowledge that some of the recent data has been soft, yet keep things open said that if sunshine should come through, they are

. ♪ rishaad: we just have the latest trade data from china. joining us is andrew, an economist at the conference board. thank you for joining us. what is your reaction because the import side was worse than expected, but exports are way better. andrew: of course. the trade data is extremely volatile on a month-to-month basis and this will not change. we are still looking at basically 0% growth for the entire year. exports. it is not a matter of trade or export demand coming to the rescue for china struggling economy. even with an improvement in exp. it is not a matter of trade or e trade surplus, what we will see is -- it will be interesting to see with a large trade surplus what happens to those capital throughout september. a littlewe have to be more concerned with the import number being as weak as it was. the slowdown is worsening in china. what is your take away? andrew: all of this is related to china's investment program. it is fundamentally about transitioning away from investments in china. if china is investing, it will bring in fewer heavy com

tom: if you are joining us with richard clarida and john ryding, a huge announcement that china allows to children for all couples. tom joins us fromk of the metropolitan museum show early this year, the huge china success. there in the basement was the red guard uniform of when the policy came in. on thees this signal streets of beijing or a small village 1000 miles west. what does this mean to the people of china? tom: it is a consequential decision part of a broader trajectory where china's government is loosening its grip on what goes on in people pass personal and private lives. that is a move in the right direction. of its impact on the economy, i think it is going to be somewhat limited for a couple reasons. first, clearly there is a very low lead in before we see additional children coming into the labor force. this is not the first move we've had to loosen the one child policy. the evidence from past moves is that even after you loosen the policy there are so many pressures on the lives of young chinese people today, pressures to earn money and get ahead in their career, actually the policy is no longer the defining constr

from a trust. a quick outlook for the used-car business in china? : the auto dealer association has forecast that the sale of used cars were reached something in the millions by 2023. an increase over the decade. : thank you very much, joining us from shanghai. right. let's look at some of the other stories we are following for you. the new twitter ceo, jack dorsey, says the plans include some job losses and the cuts will affect all departments, although twitter has declined to comment. they currently have about 4100 employees and has been reorganizing its engineering department over the last year. he says his number one focus is efficiency. acquire a local company in china, and they say they will suspend shares as the target company. it, but heed to name said it was where he was first general manager. said they would take a 3.8 stake in a digital company. and the head of the government in hong kong says the number of people living below the poverty a six-yearolley to low, just over 14% of the city population earning less than $450 per month. and peo

us. let's get final thoughts from dan. china seems to be shaping everything on the terminal right now.o consider the outlook for inflation. we know 1/5 of exports go from japan to china. 6.9%.hinese gdp is ok at dan: it is a bit in the middle. people will say, it is the same story. it will pump up the property market and it will still collapse someday. we think it is still at that time, not as rosy. we have more capacity in steel. it will take time for that to be worked through. speaking in the next segment and we will be talking about steel. what do you see around china. i will put you on the spot about the boj. there is a meeting next week and the expectation has been rising that they will pull the trigger. teasing they will and why? dan: if they are going to do so it will be concerns about whether or not they will meet their inflation target. there are disinflation re: ary pressures. wil i think they will want to do something to boost those. jonathan: it is great to have you back on the program. up next, steel gets tough. isple ask how the industry coping with the lowest prices and

china since 2008, so we have a lot of experience. that is exactly the growth potential we see in this country. there is a long runway ahead of us. i had a visit fromgh government officials in , confirming that china is committed to the market in the long term, some markets in airports will open up over time, and air base -- airspace conjunction -- congestion will be improved. angie: do they commit more resources to building airport terminals and runways that are long enough for private jets? right now, the new terminals simply cannot accommodate private jets because they are not long enough. guest: there are a lot of airfields, obviously, a lot of them are controlled by the military. over time, the airfields will open up and give us the opportunity we see. but today, there are a lot of flights, companies from the west coast flying to china. that is a lot of trying -- a lot of flying we are doing is a company. a lot of transpacific traffic is happening. 18 months ago, we opened in the u.s., so we finally have the global region and span which gives us the opportunity for our clients to enjoy global services. everything we call is one-way pricing. yo

china markets. reporting for us live from the tokyo stock exchange. >> opening its own restaurant in london offering wagyu beef dishes. a pre-opening ceremony held in an upscale district on wednesday. the menu will include japanese beef dishes. >> fabulous, really, really nice. unbelievab unbelievably. >> the european union banned japanese beef imports after outbreaks of foot and mouth disease. the ban was lifted in june paving the way for brands to hit european shores. >> translator: we want people to know that authentic japanese beef clearly differs in look and taste from nonjapanese beef wabled at wagyu. >> producers hope to expand as consumption of the meat has peaked. >> we hear a lot about networking online and offline. there are times when it feels better to work alone. our next story looks at products designed to help people disconnect and are showing privacy doesn't need a high tech solution. >> reporter: solitude in a crowd. this cafeteria set up a new seating arrangement and students have a name for it. botch is japanese for alone. that's what these wall side tables offer students looking

from china in about an hour. that's it from me for now. >> reporting for us live from the tokyo stock exchange. >>> now, nippon steel reached a settlement over a damage suit filed three years ago. the japanese company claimed posco claimed technology. officials at the japanese steel maker say posco agreed to pay about $250 million. they say they dropped the case. filed suit with the tokyo district court in 2012. the company demanded about 100 billion yen in damages claiming the rival obtained manufacturing technology for special metal products. the steel officials say the company largely achieved the original purpose of the lawsuit. >>> today we present the second segment in our sies on japan's aging society. we visit a small business driven by special skills and life experiences that only grandmas can offer. >> this company is called grandma's laboratory. some of the employees are in their 60s or older. the company specializes in goods for older people taking care of their grandchildren. they were developed with the help of elderly people themselves. this is one of the products, bag with an unusual attachment. the

he is president of china and joins us from new york. ave been talking about this from the past couple of quarters. you noted that in fact, this downward sentiment on china is overblown. do you see that for the third quarter as well? guest: we do. well seen third-quarter slow down but the reality is there is no crisis. no collapse. back in august when people look at what was going on in china, there was fear this was it. the hard landing. at the at our data in second quarter as seeing a long-term slowdown that will not stop anytime soon. crisis pretty relatively unremarkable quarter of slowing growth. and if dispel some myths here. if you look at manufacturing data that have come out, ppi even, more than 40 months of street declines. all of this tells us that things are slowing down in china. why is this particularly a semi-false paradigm? leland miller: manufacturing is not the microcosm economy. it is a sector in the economy. an important one but not the entire economy. it seemsle always do is check them a fragile pmi and look at indust

i have friends from china who used to come up and see me. we can't believe we get away with this. they are incompetent. we were only kidding. they had no idea i would be revealing the conversation. they can't even believe. first of all, there is no tax, no nothing. when we send china number one they won't accept them. if they do, they have massive taxes and tariffs. is a one-way street, one-way street. a friend of mine, great manufacturer, cannot get his gives in. can't get his gives in china. i can deal with these people. and then finally gets the men and they charge them attacks that was so high i can tell you because no one will believe how i had was. these are smart people. i have people that are smarter. i have people. i have some of the great businesses that are all calling me. these guys, friends of mine, all enemies. i have guys that are so smart and some i don't like, some i can't stand. some are horrible people. actually, i no one that is so bad as a human being, the worst human being i've ever met, but he is an unbelievable negotiator. come on. you'reon. you're going wi

from now but the u.k. has always been more of an open trading economy so that filters into poll sinchts okay. duncan, thank you for joining us. we also have the u.k. china piz summit taking place tomorrow as well. that should be interesting with a lot of corporate ceos from both countries in attendance. on that note back to you guys in studio. >> great to see you. we'll be checking back with susan in a bit and as london plays host to president xi jinping one of china's biggest corporates is looking to the u. k. as the portal for european expansion plans. find out how alibaba is with it's european growth strategy. >> the japanese government announced plans to make major cuts to import tariffs as part of the transpacific partnership agreement. let's get out to the nikkei with more on the story. >> yes. japan will scrap tariffs on 95% of imported products. the japanese government announced the details of measures to be taken under the deal which reached broad agreement two weeks ago. it will eliminate tariffs on 95% of the 9,000 items covered by the agreement which is the highest rate among all free trade agreements signed in the past but the number is low

from the skies. another television correspondent who is filmed several military operations in this war is a french reporter. >> the weapons used by the afghans do not come from the states or china for the most part. most of the weapons held by the mujahedin, the afghan freedom fighters, our weapons garnered in the course of operations. there are an incredible number of desertions and the incredible -- in the afghan army. a great many units along with weapons and equipments have defected to join the resistance. it is mostly these weapons the afghans are using. >> there are a lot of afghan deserters. this comes by the fact that this is not a popular war at all. most people in the afghan army's have families who are against the regime and there's no motivation to fight. the mujahedin are all over the country. they are numerous and they have the backing of the population. it is not motivating for a -- for an army to be fighting against its own people. >> mujahedin tactics have improved to the point where even the cities are no longer totally secure for soviet troops. kandahar, a major afghan city, has changed hands several times. >> the afghan guerrillas are able to infiltrate the

the argument is we're looking at a high disinflation area environment coming from china. it brings us. jonathan: burberry, tell me what has been going on. -- manus: this is where able to afford to shop. those trenchcoats. those socks. yourself guys shop for . you don't have people to do that for you? manus: i think this is a seminal bailey,hen the ceo, mr. who we very rarely hear from, i think this is a moment to say our strategy is correct, 30% in china, 40% in the united kingdom, this is an imbalance story for the current zeitgeist moment. jonathan: gentlemen, thank you very much. hans nichols, and not -- in london. manus cranny coming up after the break with the pulse and francine lacqua. that is it for me. if you want to talk market, you know where i am. i'm on twitter. equity markets snapping a losing streak. .8%.tse 100 is up it is dominating the discussion luxury.ld of burberry. good morning. ♪ francine: a luxury loser, burberry shares plunge. the company warns of lower earnings for a second straight year. manus: the bank of america swings into profit. the ceo brian monahan say

. >>> apple making a commitment to using more renewable energy sourced from china where apple's factoriesmillions of digital devices. apple says 20 million melt trick tons of greenhouse gat pollution would be avoided just by using more renewable energy, primarily solar power but also wind and hydro technology. apple will be the one financing that project. >>> this has been a recent ground swell of support to restore more bay area wetlands. the thought is it may better protect the region from the potential impact of climate change. the topic is expected to be featured at a symposium in mountain view. speakers will discuss ongoing efforts to restore salt ponds on the peninsula and south bay. today's forum includes members of the california's coastal conservancy and geological industry. >>> what happened in the mountains of british columbia in past summer is making scientist do's a double take. scientists say that some of canada's iconic glaciers will be gone in just decades. the hottest summer on record battered western canada's glaciers to the time that they melted two and a half times the

. >> joining us from an area just outside of toque yoke. thank yotokyo. >> china talks just the first of them, what have they got to do before they pull in yap a app jt were? >> i think there will be economic talk and nuclear weapons plans for north korea which will be on the trilateral summit. >> these historic problems and harry fawcett was just talking about it in his report there. how do you get around those, when will it happen? >> that's actually a really good question. over the past week there's been a lot of bickering between these people, president park has long told priem abe kim i'm not sure if he's going to be able to pull a rabbit out of the pooh hat, putting territory and history to the side and focusing on nontraditional threats to scushtd, lookinconsider. it's a photoop and hopefully, think can fesomewhat more than . there's again aa lot of behind-the-scene diplomacy. i don't expect a great braiblg k through or some rabbit out of the hat and proposal that's going to meet expectations in seoul but the key thing is. in the past two years, they haven'

china. give us the latest. >> yes, james. the tropical storm is now moving away from the philippines, and it's now heading towards the south of china as well as northern vietnam. look at the stats, packing wind gusts of 90 kilometers per hour, and will likely hit by sunday afternoon local time as a severe tropical storm and could head north to vote naietnam. up to 300 millimeters could fall where rain is needed. rain is good news, but too much rain increases risk of flooding and landslides. rain will likely continue for the north of philippines for the next couple days. meanwhile, there's a newly formed tropical storm for the western pacific. this system will likely head towards the west. we'll keep you posted on the progressand a high pressure system is bringing sunny conditions in china, the korean peninsula, as well as japan with the exception of hokkaido. there's plenty of sun, 28 degrees, and 21 conditions on saturday. a strong low pressure system and also a frontal system affect the eastern areas of the united states, and there's a major hurricane over the baham

i have friends from china. they usedo come up to see me and they would say, donald, we cannot believe we get away with this. your people are incompetent, and this -- and then i said that i was running for president and they said, i am only kidding. they have no idea that i would be reviewing. first of all, when china sends us their goods, there is no tax, no nothing. when we send china, number one, they won't accept them. if they do accept them, they have massive taxes and tariffs, it is a one-way street. a friend of my can't get his goods in china and finally, he gets them in and they charge of attacks that was so high but i cannot tell you because nobody will believe how high it is. these are smart people, but i have people that are smarter. [cheering] i have people. i have some of the great business people. they are all calling me. these guys, friends, enemies, i have guys so smart, and some i don't like. some i cannot stand. some are horrible people. actually, i know one that is so bad as a human being, he is the wor

from china. october 30th is the next key data from policy susan. that's when they will update usng-term growth projections and the inflation. >> i have it circled on my calendar. let's talk to an investor and see what he thinks of the boj and the rest of the global action. joining us here in london, charles, october 30th you have that circle on your calendar, right? so with the boj expected to cut their economic forecast but does that mean they'll add more stimulus? >> they are expanding their balance sheet. the highest rate that anyone ever had. so they don't have to make any changes at all. just by carrying on what they have been doing which is quantitative easing at a rate of 15 to 20% of gdp they will at some stage manage to create the inflation they want and that's when the real trouble starts. >> no, no, recently in august we saw the first deflationary read and we're on the brink of the second technical recession in two years. that doesn't sound hike a healthy economy. >> no, but the fact is the first quarter is strong, second quarter down, third quarter probably same again

us from d.c.. how surprising was it to see china do this? michael: this move was not that surprising. we were anticipating we would see another rate cut by china by the end of the year. their gdp data officially came in at 6.9%. some estimated it was maybe a little bit less than that. i think anything else for the rest of the year, more rate desire -- more rate cuts, that would be a surprise. when you look at the surface data in china you see this continued trend of weakening. there is a forward indicator showing some promising signs. credit growth has stabilized. you have actually seen it taking up. we may have seen growth bottom in china. this latest health cut will continue that trend. there is risk to that. there is a lot of credit in china. it is kind of going back to an to guarantee order short-term stability. betty: is this basically insurance? michael bank -- michael: it is at'slear what the -- little bit more than insurance. it was probably necessary. thatobably have enough now it is going to be ok. one of the things we should look or is if we see at least in the near term an

us in washington. >>> up next, hacking from china. attacks still keep coming despite a deal to end them. >>> and the fight over funding. what a judge ruled today about one state's plan to defund planned parenthood. >>> less than a month after the u.s. and china agreed to stop cyber attacks, another attack has happened. the targets includes pharmaceutical and tech companies. let's bring in patrick tucker, the technology editor for advanced one, patrick good to see you again. maybe you can help me here. the agreement between the united states and china to crack down on chinese hacking seems to work this way; that our cyber security folks drop a list of fenners, and you china, go out and arrest them. that was certainly what was happening before the president's visit here to the country. do you have anymore specifics on how this deal is supposed to work? >> ideally as you said, the president and leaders in the united states formed this deal with president xi of china, and both nations agree to forgo cyber-enabled data theft for commercial