mliv strategist mark cranfield joining us from singapore. let's get an update on the first word news. we are joined now from hong kong. >> in the u.s., donald trump has said he will not fire jay powell, but repeated criticism of policy. president blamed out of control central bank for the stock selloff. he said he knows monetary policy better than powell and he thinks what they are doing is wrong. it is a change from recent white house policy. larry kudlow says trump is just having fun. he has never attacked the fed's plan or strategy. he has never interfered with that. he is giving his opinion. it is an informed opinion, and frankly, i think -- i think people should listen to what the president is saying. but the fed is independent. we have always said that. has nottreasury staff advised steve mnuchin that china is manipulating the yuan. the conclusion, is accepted by mnuchin, would ever an escalation of trade war and remove the source of anxiety for emerging markets. although he could issue a different finding, it comes as the trump adminis

mizuho bank head of economics and strategy joining us from singapore. more ahead.his is bloomberg. ♪ david: let's have a look at stories trending across the bloomberg universe. a look at what is happening on social media. tictoc, watch a video detailing pong's return to the smartphone market. small device, calling it a companion phone endorsed by steph curry. on bloomberg.com, the countercultural investment firm robin hood gets almost half of its revenue through a controversial bargain with high-speed traders. that is getting a lot of traction on bloomberg.com. and the most read stories on the bloomberg terminal, donald trump angle.g "roadkill or" -- "rogue killer." rishaad: softbank, collateral damage. battered by the global selloff shares almost being hit by links to the kingdom. riyadh is a major investor in the vision fund and the relationship worrying quite a few people. yvonne: let's bring in bloomberg's asia managing editor. does this put the grand plan in danger? it puts him in a complicated spots. as you mentioned, the story begins with the disappearance o

of indiakishore, head and south east asia economics joining us from singapore.sident trump says he is not satisfied with saudi arabia's explanation of jamal khashoggi's death. the latest on the case. this is bloomberg. ♪ this is bloomberg. ♪ thed: let's have a look at stories trending across the bloomberg universe. on the website, it can track you after -- developers have managed to exploit what they call a silent push notification. let's change it up and have a look at what is happening on the terminal. the most read stories here. stories about president trump on the terminal. users are really interested in this middle-class tax cut he was talking about overnight. which is catching republican lawmakers off guard. watch the video showing how donald trump and president erdogan and others have been reacting to what is happening in saudi arabia. check all of those stories that are trending online, or on your bloomberg. still on the jamal khashoggi case, president trump has turned up the heat on saudi arabia saying he is not satisfied with the kingdom's explanation.

sharanjit leyl joins us from singapore with the details. that is right.stry seems to be the next big thing especially for japanese car—makers because toyota and honda have separately hit the headlines for separately investing in this along with softbank. honda are investing 2.7 five billion and taking a stake in general motors. honda wanting to develop self driving cars that could be manufactured at high volumes. japan's softbank invested just over 2 billion in gm cruisers well. toyota has created a joint—venture to provide autonomous vehicles, as much as 100 million will be pumped into that. a commitment to ensure they have a leading edge when it comes to self driving technology. stocks trading in the asia—pacific region were mixed. lingering worries about us—china trade relations are dampening market optimism. in the bond markets, the us treasury market staged one of its steepest sell—offs of the trump presidency. strong economic data has stoked expectations for additional interest rate rises. as a result, bond yields are now at their highest level for

specialist at the united states program at the school of international studies and he's joining us from singapore mr resnick ois good to have you with us on al-jazeera so u.s. senators have now triggered this investigation the choir and the president to determine whether a foreign person is responsible for a gross human rights violation how difficult is this going to be given this took place in the saudi consulate in istanbul that turkish authorities themselves haven't been allowed into. it's going to be difficult you can't we can't underestimate the complexity. investigation that has to take place even though it seems that it's a relatively open and shut case given what churches the turkish intelligence officials are being anonymously the problem with the global make is that the president has the final authority whether to impose sanctions or not irrespective of the outcome of the best geisha insults mostly donald trump and white house will have a final determination as to whether sanctions are imposed or not at is that significant you know before we get to where the sanctions will be important

us, joins us from singapore. nice to see you. with gold, it is an asset class that fits into any narrative that you want. is there, so let's buy gold. risk premiums are going up. let's like gold. if any of those correlations are a 10th as strong as those comments, gold would be at 10,000. what do i watch as a key driver for gold moving up if any? you make a good point. gold is assigned a narrative, but that can change. at the moment, gold doesn't have a narrative. there is no real crisis to speak of, no inflation. lost its luster for investors, and it is the single strongest driver -- and the single strong a striver is the u.s. dollar. it has attracted a lot of short positions in. recently we have seen in the u.s. the potential for reversal in the dollar and for the fed to dial back a bit on rate increases. that is an environment in which gold should perform if it continues. short-term,inst the with wedding season getting into effect, you expect movement upside because of that. that is an annual event that is well understood. eve

fifty passengers in the air right now on the walls longest and nonstop flight eighteen in the us from singapore to new york took off on thursday. flew the route nonstop for ten years until ending it in two thousand and thirteen due to high oil prices previously the longest flight was a seventeen and a half. from doha to oakland. without there these are top stories american media is reporting that turkey has informed the u.s. it has video and audio recordings that prove a saudi journalist was killed inside his country's consulate in istanbul jamal khashoggi was last seen entering that building ten days ago at least six people have died in one of the strongest hurrican is to ever hit the united states many coastal towns in florida still cut off and more than nine hundred thousand homes are without power a day off the hurrican michael made landfall as a category four storm. indonesia says it could take up to two years to rebuild the island of soloway sea after it was devastated by an earthquake and tsunami two weeks ago firefighters and soldiers are conducting a final search for survivors in the c

happen as the hours progress and the investigation continues for the moment so bring sure to join us from singapore thank you and the door of the top story nine survivors of the synagogue shooting in the u.s. city of pittsburgh are speaking out about their ordeal they joined religious leaders across all three through all of the eleven people killed during the shooting suspect robert bowers has been charged with hate crimes for saturday's attack and could face the death penalty if convicted she had returned she has more from pittsburgh pennsylvania. a message of defiance of the need to address the causes of rightwing extremist violence was heard at a multi-faith drill in pittsburgh sunday evening we will recognize this moment there's a moment when this nation needs to heal in the nation needs to come together under the common sense of how we start then it's like this from happening ever again. jonathan pohlmann was there as the shots rang out and attempted to help congregants to safety what happened will not break us it will not ruin us we will continue to fly and sin and worship everyone together.

joining us from singapore. you can follow the insights on the blog mliv . a horror story in seoul. allen.et more from paul >> south korean industrial outputs fell the most. 8%.ling adding to concerns the economy is losing steam. arabia's top prosecutor has visited the consulate where khashoggi was murdered. his fiancÉe is calling on president trump and other world covers to prevent a saudi up. jpmorgan boss jamie dimon says the high-level boycott of the saudi investment form was symbolic and achieved nothing. he does not think shunning the event made any difference. he says there was no way the bank could be seen condoning actions, buts business relationships will continue. the storm also closed the highway connecting italy and austria. global news, 24 hours a day. powered by more than 2700 journalists and analysts. i am paul allen, this is bloomberg. rishaad: flooded, who knew? auto insurance, is that going to help them returned to profit? we have ceo. bojaad: no change from the expected in policy, but will a slowing economy affect the economy -- alter thin

christopher smart joining us from singapore. still more to come ahead on "daybreak: asia."shery: time to take a look at what is coming up in the next few hours. our stephen engle is standing by at the world knowledge forum in seoul. stephen: in about 12, 13 minutes' time, we are going to speak to the head of the six party talks, ambassador christopher hill. we will discuss the prognosis for another summit between donald trump and kim jong-un. the last one four months ago in singapore. he says did not necessarily go the u.s. way. we will discuss the u.s.-china trade spat as well coming up in a few minutes. shery: that is it from "daybreak: asia." we look ahead to the start of trade in hong kong and shanghai. this is bloomberg. ♪ a.m..is almost 9:00 welcome to "bloomberg markets: china open." >> equities higher after a volatile session in new york. >> hong kong developers are in the spotlight amidst warnings the market could slump. bankers are gathered as clouds gather. we will be live at the imf meetings.

senior fellow, joining us from singapore. recapping some lines from the imf. she islagarde saying deferring her trip to saudi arabia as the crisis continues, adding to a growing number of businesses that have dropped out of that conference. she was likely to attend last week but things may have changed. >> let me leave you with a look at markets. shanghai, up. back.l be ♪ let's get a check of your latest is this flash height lights. -- business flash headlines. lix attracted atf fraction under 7 million new users in the last three months. look, net's have a income could have jumped as much as 57%. time,mpany sees this profits up, $3 billion compared to the same time last year. a 1.3: china has slapped billion dollar fine. fined the company for misinforming investors. we are headed over to the lunch break in tokyo. the nikkei up. picture with the shipping stocks. kawasaki systems going the other way. this is bloomberg. ♪ paul: i'm paul allen. the first word headlines. chinese holding of u.s. holdings fell for a third consecutive time as it struggles with a weak

the joins us now from singapore why haven't governments in developing countries pinpointed this problem themselves well you know there's been developing nations out always eat place how they can actually make money and they actually have more problems on their hands in thinking about how this author who was just an act of got might actually help it need to getting such incidences and we stay she not so many instances until then he especially when it's climate change the so it's actually a new problem that's coming up and that they are only is starting to get it now that it's why we haven't seen it get big ben ok then you will have to leave it there are connections are all that good but thank you very much for your input. brings its border to end in northern ireland is also the british overseas territory of gibraltar a tiny strip of barely seven square kilometers is located at the very south of the iberian peninsula bordered to the north by spain and britain. that will be more significant than ever as gibraltar which has limited self government powers will no longer be part of the bloc.

markets team leader richard frost in hong kong and also the senior sovereign analyst joining us from singapore. richard, let's kick things off with you. this trickle of stimulus we've been seeing, not really enough to turn around sentiment. >> yeah. it is quite a departure from what we saw in 2015 and also 2008. there they pulled it out in terms of stimulus for the economy and the stock market. this time around they seem reluctant to do that. the emphasis is on local authorities stepping in or companies themselves refinancing. they're helping on the margins with that but it is not enough for traders. given the huge fluctuations to be seen in global concerns we are unlikely to see markets stabilize at this point. rishaad: ok. a trickle of stimulus but theas four take time to work into the system. even the first one seems not to have worked so far according to people right there. >> as we know, china is facing that difficult line between china easing enough to keep the economy going without upsetting the leveraging part they've been going on. of course if they take too easy a path it will add fu

louis fed president james joins us from singapore to talk about global monetary policy. this is bloomberg. ♪ berg. ♪ haidi: welcome back to bloomberg television. welcome listeners on bloomberg radio around the world. after the release of the jobs report, the new york fed chief tom williams said the u.s. economy is enjoying the goldilocks economy. the recent rise in bond yields affects the outlook instead of any allowed inflation. let's bring in another perspective. this is the president from st. louis fed bank. great to have you. do you agree with the recent rout in the bond market? i don't see very much inflation pressure for the u.s. economy. the u.s. is growing pretty rapidly now, but that is likely to slow down in 2019. bond market overall knows that and has that in mind. at this, almost existential conundrum of why wages are moving in the relationship we expect them to. this is really painting the picture that despite the difficulty in providing quality labor for small businesses, this is an issue the fed wage growth tracker continues to look sluggish. suggested the

let's bring in asia bank's senior analyst david marshall joining us from singapore with the latest. david, wie heard some bear eshe calls given some of theserings reports we've seen, whether it's bank of china or whatnot. how do you see things at the moment? >> clearly the outlook is dark engine in some ways but the banks are actually doing quite well. there's a bit of noise in the quarl movements and profits but generally speaking we're seeing rises in big products for the big banks. provision is up but still the banks are able to report rising net profits. the clampdown on shadow banking and the fees they can generate but the net interest revenue is rising and that may help the join joint stock banks. any easing measures in china, maybe will have slightly some more positive impact on that. overall profits improving. basic liquidity looks stable. it seems to me that the big banks in particular tend to look at the bottom-line number of net broadcast they'd like to report and then say what can we do to achieve that? and i think that in some past years, the chinese banks have under pr

linda holmes joins us now from singapore i know these deals have been a long time in the making but how much of a concerted if it has there been by both sides in this last leg of negotiations to speed up the process as the u.s. makes trade hard. well bent the negotiations between singapore and the e.u. actually concluded in october twenty four teams now the f.d.a. hasn't been rectified because one of the top you call it if you went all the e.u. countries must rectify so there's actually been quite a bit of work in order to make sure that it's on track to come in force by twenty nineteen so suppose singapore side was always been looking at free trade and trade liberalization so in that sense was always been would look at ways of how to facilitate and how to sign f.t.'s with countries and from different parts of the world so these are some of the things that we've been doing in the face of the empty rhetoric globalisation rhetoric but what sort of savings will these two deals bring business. well you know the removal of the straight tariff definitely makes things cheaper for a lot of the

let's go to frances cheung, head asia macro strategy, westpac banking corporation, she joins us from singaporeilized, we see things a little higher, how sustainable is this? frances: because the market in the u.s. is expecting that said to hike interest rates, in some contrast to asian economies in the region. we get that the interest rate would still be able to support the dollar in the next few months, however the rapid move in the dollar is already done. going forward, the upside might be more limited than before. rishaad: how important will this gdp data be? are you talking about the u.s. or the korean war china gdp? rishaad: u.s. gdp? in the fed believe is confident about gdp growth. policies, at the fed they put little emphasis on the potential impact on the trade tensions. for now it seems the labor market is doing reasonably well. ,he sustained u.s. economy however looking beyond that, we believe in the middle of next year there might be another cycle coming in, and the economy might lose some of its steam. that fits into our view that we believe after two more hikes next year, that wo

john joining us live from singapore.e: coming up, il&fs wins a lifeline as shareholders lend support. this is bloomberg. ♪ yvonne: let's get our latest check on your currencies. we are hearing that u.s. and , it looks likeda we could see three nations coming up with a joint statement of a deal that has been reached at the 11th hour, almost literally. the deadline was at midnight. talking four-month highs. below 1.28, do move that is a five month high. that newset you coming up after midnight. the markets in india it would be opening up right now. the big story has been shadow a lifeline aswon part of a plan to turn the company around. yvonne: our reporter joins us from mumbai with the latest. do these latest measures do much for turning around their fortune? >> the details are very sketchy right now. let me quickly run you through what was announced. the first was at the company will raise about 150 million rupees through a sale. they also said it has increased its limit to 350 million rupees. stockholders approved that.

joining us from singapore is mark cranfield. great to have you with us.hat can draw a line in the sand on this rout? we have u.s. earnings season approaching, we are in the throes of it but we get the tech earnings season and yesterday, we saw tech stocks outperforming. i am wondering if there is better news ahead in tech profits. mark: i am sure people will be happy if they see better earnings coming out of the tech sector. they will be most concerned about what they say about the future, where they see business going over the next two months, particularly into next year. the effects of the trade war the between the u.s. and china will probably only really show up in the early part of 2019. what investors want to know is how bad is it going to be if we do not see a quick and to the trade war which seems to be the case now. that is the forward guidance that will come into view and some of the guidance we have seen so far has not been that thet, that is why, part of reason why people are concerned. people want to know if it is sustainable and can it last t

is our us from singapore bloomberg analyze strategy. m hearing everything from earnings to concerns about raising rates to geopolitical tensions, liquidity squeeze. what is most to blame for the stock rout? reporter: good morning. i think the consensus is building around geopolitics. that specifically, the relationship between the u.s. and china. i don't think there's much doubt for anybody that is the biggest factor that people are having difficulty trying to price into markets. how long will it last? which direction will it go into? who else will be affected by it? which other countries are going to be hurt? geopolitics in the big picture, , that's athe u.s. major part. it doesn't help that the u.s. is also having trouble with russia, iran, to some extent with saudi arabia. there are other factors as well. the fed is raising interest rates. certainly by throwing the relationship on trade on top of all that, you have a huge weight that has seemed to topple the equity markets. matt: i want to point out that our viewers and live viewers c

you want to hear about action in another part of the world, that's nancy hungerford joining us from singapore. what have we seen in asia as well >> it's not pretty all day we've been watching big moves to the down side, but one recovery story to show you, that's the shanghai composite. it's barely in positive territory. closing out the session about an hour ago late-day rebound we saw here there was momentum in the property sector. it is hoped we will see more stimulus coming out of beijing, so that did lift the market here the shenzhen was still off in negative territory, but considering what we saw el where elsewhere in the market, not as badly. the south korean market entered bear market territory today. we saw big moves to the down side for the chip names. the nikkei 225 off 3.7%. this is about a seven-month low for the nikkei 225 not an easy day there. the moves on the asx 200, the australian market went into correction territory it was off 2.8%. one bright spot was in some of the gold miners in australia back to you for now. >> thank you very much for that. >>> let's look at some of tho

us to take. juliette: that is your bloomberg business flash. nejra: juliette saly in singapore. thank you so much. news that the u.s.-canadian negotiations have reached a tentative deal. joining us now fromingapore is mark cudmore. great to see you as always. to what extent has the threat of rising protectionism been taken away as a risk to market? : to a large extent it has been downgraded. isis not as if this new deal particularly brilliant for either mexico or canada. it is the fact that we have reached a deal. it might make more time -- take more time. this shows that overall the u.s. will reach trade deals with many of these countries. one that looks for this to way is the china-u.s. deal. it does send a clear message that trade wars are not here permanently. overall, we can get to a positive solution. that has been a big risk holding down markets this year. good morning. commodity markets watching what is going on in the trading conversation very closely. will we see an upside? will it be just about oil or will other areas follow? mark: on one side, you have a better demand outlook. especially as the risk appetite improves. equities seem to have bottomed out. muchll, there is a bet

joining us from singapore's mark cudmore, bloomberg mliv strategists. great to have you. talk us through this question. it seems like of course the fed minutes matter. tell us what your answer is. >> over the last couple years, they are generally not mattering too much. communication has gotten much better. we have very strong forward guidance. every so often they really do move things. i think for some people they believed stay is one of those times where the factors -- tomorrow when we are going to get those minutes -- the discussion around neutrality is going to be important. we could go a long way beyond neutral. spooked that market and gave an extra boost to yields. if the discussion is more nuanced saying some people think we are close to the neutral rate, which seems to be the sign from party members, that might mean softening for yields. the minutes might matter more than normal. that said, i am in the camp that overall these will be dominated by the other issues going on this week. matt: what are the most important issues to watch this week? it's got brexit every

us from singapore is mark cudmore, bloomberg mliv strategist. also, we are joined by the head of global fundamental equities at rebecca. let's keep it simple for a moment. do we expect the pboc to halt the dollar rally? i thought the chinese light a weaker -- like a weaker currency? mark: they have not wanted to see dollar-yuan trade above seven. they don't want to serve -- stir that capital outflow story. a week ago, i would have been clear that the pboc would have come in and stopped dollar rising. after this week of turmoil, given the dollar, interest rates, oil markets, and the itest story on the hack, is hard to know the official reaction of where they want the yuan to trade on monday and the message it sends for the dollar. anna: good morning to you. your thoughts on where we see the dollar rally go because dollar rally was the story of the first part of the year and then it stalled in august -- or september, and now we have seen it stronger of late. what will the chinese make of all of that? >> there are two dollar stories here. versus th

joining us from singapore is mark cranfield, bloomberg mliv strategist. china was on vacation last week and they are playing catch-up. typically when central banks are loosening monetary policy, at that we learn in college you're supposed to see equity markets celebrate that by boosting prices. that's not happen today. -- happening today. >> this might not be the traditionary -- the traditional policy your read about in your textbooks. this is a special kind of easing . this cut seems to be targeted at major banks who have large tax payments to make during october. the amount of money they need to pay for that is probably covered by this 1% change in the reserve ratio. it targets this tax payment. it does not do much else for the rest of the economy. they will need to do further cuts to help out in that respect. this is not like an official rate cut. this is not let the fed cutting the discount rate of something like that. it is a targeted thing. it could be more to come. china's holding back from an official rate cut. anna: what could change the dynamic

from singapore. great to have you on with us.u surprised the treasury report, the definition of the criteria for currency manipulation is quite limited. where you surprised this was not more politicized? >> thanks for having me here. the fact that the u.s. treasury department is not label china as is within manipulator our expectation. we think it is highly unlikely for china to be labeled a currency manipulator. china the -- fulfilled the first criteria which is at least $20 are the third come repeated intervention in the currency market. so we felt it was unlikely for the u.s. to label china as a currency manipulator. haidi: does this put them in the clear? any manipulation or any intervention we've seen has been to the upside. weaken,uan continues to we talked about it being a line in the sand. that seems a little uncertain at this point. do you expect authorities will step in a little more aggressively to support the currency? think we have a strong line of defense this year. think seven still remains a ,trong line of defense

mark cranfield joins us from singapore.is something we have been keeping a watchful cautious eye over. is there a chance of a spillover? certainly, if they do not get a grip quickly. we saw what happened when greece issuelowed to run on the of european markets for weeks. it is spread to most things and became a very big risk off event. the job for the european leaders is to try to isolate italy, to try to convince people that they can get on top of the budget situation with italy and treat it as a separate case, and that it does not need to impact other markets. that has not been the case for the past couple of days. we could see them get onto it quickly. once markets become disorderly, it gets the attention of the european political leaders. the last couple of days, the italian bonds have been very disruptive to what is going on in europe. politicians will get the message quite quickly and they will start to talk about solutions for italy. then the rest of the world can carry a looking at many other issues, regardless of t

yvonne: thank you, kieran, head equity research for asia joining us from singapore there. going on k at what is in news, let's get to paul allen now. paul. yvonne, the names have been released of 11 people murdered in saturday's mass hooting at a pittsburgh synagogue. the victims were aged between 54 and 97 and includes two brothers a married couple. the accused gunman is due to court on monday to face 29 charges. court papers say he made about genocide and killing jewish people. he enforcement officials say owned his guns legally. the british government presents chancellorlater with hillip hammond warning that a no deal brexit might consider austerity. hammond would have to present an interim spending plan to support the economy. the bank of england would need to interest interest rate changes. getting a deal that allows us our ntinue trading with european neighbors with low friction at the borders and low willion behind the borders minimize any negative effect on the u.k. worse off? >> it will minimize any negative effect. will be a negative or positive effect, i can't s

. >> vivek, thank you very much, joining us from singapore. tencent aims to hit the right note with a music ipo in new york. we look at the prospects next. this is bloomberg. ♪ shery: this is "daybreak: asia." i'm shery on in new york. haidi: and another big name to the surge of chinese company listing in the united states. tencent music filed for a $1 billion new york ipo. chief correspondent stephen engle is following this latest addition. raisen: they will seek to up to one billion u.s. dollars, another tencent spin off, this in the music business. the music business has seen a bit of a turnaround with the likes of spotify. tencent music is a profitable company. it has three main businesses, one similar to spotify, a karaoke feature, i think called " we sing," a livestreaming of performances. a three-pronged approach to the music business. investors into the music business in new york, which has long been plagued by piracy. it mirrors the efforts of those like spotify, which is a competitor. -- as welled spotify as tencent music helped musi

joining us from singapore is the bank of singapore chief economist.off we were talking about the r.b.i. when your currency is being punish, you have to do something about it. indonesia is in the same basket, but are the hands tied in terms of repercussions whether they hike or not and if it will be impactful shoring up confidence? >> i think they have to show the markets they can as indonesia has. show prudence, not really necessary for domestic reasons. you could argue with stress in the banking system may be unhelpful, but is not a big move. they need to show attention to divert pressure off the currency. seen pretty sanguine with the outlook -- seem pretty sanguine with the outlook. are you not concerned with the flow on effects of what the trade war does in terms of interior doing -- of deteriorating trade conditions and inflation? richard: there are always things to worry about. i would agree the trade war is the most serious problem facing the region, but it is not as if american consumers. buying stuff. they will buy from someone else and eithe

asian equities team leader and strategist join us from singapore.rkets rallying on government support. the national team is finally here. is there a sense that sentiment is finally stronger? divya: i think people are still waiting to see what is going to happen this morning when markets open. to pay thing, too, attention to is the fact that on friday, despite all that verbal support that came, market support only started rallying four hours after that support. it will be really interesting to see what will happen today. the verbal support coming in from xi jinping over the weekend. i think people are waiting to see what will happen today. haidi: you take a look at what is going on with meetings at the moment, the lack of traction from tokyo and seoul stocks. is there a sense that this is painting a picture of a dead cat? mark: certainly. over the weekend we got a reminder of how bad geopolitics is. the u.s. will pull out of a nuclear agreement with russia. we have seen continuing saga was saudi arabia. donald trump still insists is not ready to lift

joining us from singapore is majorgarg, director and a -- emerging asia fx and rates strategist, thete in kept steady at 5.75%. first of all, what are your expectations? are for bankations indonesia to remain on hold and that is simply because if you have seen the past one month, it is quite clear that the narrative within the region seems to be shifting more toward supporting growth. if you look at what rba actually did and what bank of korea recently did in terms of holding rates, it is quite clear to me that bank of indonesia will also be holding rates today. of course, the risk is that they actually just surprised the market and they hike again. the last time they actually did that was in august. but i think the focus would really be towards growth. it will probably stay on hold. shery: how much has a trade war been incorporated into this calculation? and good things changes the trade war evades -- abates? is thatow, our baseline a lot of pessimism is already being priced in into emerging asia and particularly in countries like indonesia. in that sense, we really need to in some

goodman joins us from singapore. we are also seeing jgb 10 year at 0.15% at the moment.fter the deepening selloff in treasuries we had overnight, and the weakening in the yen. do we see the bank of japan coming in again today? yes, when treasury yields rise, you can see that being felt globally, even in japan with its easy monetary policy. i think the bank of japan is willing to see long-term yields this is year yields, sometimes called the steepening of the yield curve, something they probably want because it helps banks. we can look for those to rise. as far as 10 year yields, if yields rise much further, they will come in and buy. they will have to signal to the market that even though there is pressure on yields to go up, they still want the 10 year yield to be near zero. they want to remind everyone that they will stick to their easy policy. haidi: when it comes to u.s. treasury's, highest for the 10 year yield since 2011. we see that hover around 3.2%. is it likely to continue capitulating? do we see a repeat of what we saw in february? wes: the reason -- the lates

foreign policy and security coordinator at the young technology university he joins us live from singapore we're getting these developments just as we went on air with this program evan talking about a coordinator talking about what some calls talking about rooming phone calls talking about four calls going through to the crown prince's private secretary allegedly for you if that's all true and we believe it to be true where does that leave the investigation. well it leaves the investigation in limbo unless the saudis cooperate so we may have fairly damning circumstantial evidence but ultimately that doesn't do very much in terms of the cheating the final outcome the saudis basically have to do and are responsible for enforcing the law on their terrorists aren't territory so this would be only something that's up to the government. and where are we with the the diplomatic domino effect because we've seen mike pump a zero yesterday in riyadh he is we still we think still in turkey today well it looks like the trump administration is going to stand behind the saudi regime behind mohammed and

replace the ones that are rich are good to get your analysis on this matthew driscoll joining us there from singapore thanks very much and you are plenty more ahead on this news hour bangladesh's former prime minister is jailed for seven years for corruption. also stopping illegal fishing we go on patrol with sierra leone's navy as it battles a two hundred million dollar problem. and later in sport lest the city fans pay tribute to their own a and for others killed in a helicopter crash outside the state that's coming up with. a form of bangladeshi prime minister and opposition leader a leader has been sentenced to seven years in jail for corruption the seventy two year old was convicted of taking more than three hundred thousand dollars from a charity in february she was given a five year prison term on another challenge the theft of money from an orphanage zia says all the charges are aimed to keeping her out of politics with elections due in september tanveer choudhry is live for us now from the capital dhaka so tell me how significant is today's vote. well it's significant very much symbolically

research center in malaysia he's also a former political secretary in office and he's joining us via skype from singapore very good to have you with us on al-jazeera so what do you make of the wife now being charged and you surprised. really i think a lot of malaysians are not surprised because they think most malaysian voters at least those who vote that four months ago they thought that it indeed did say it's sort of this collaboration between husband and why there's various other shady figures who think their way. a lot of money from this one in the big end there was what taking prompted them primarily to vote for that then opposition so given all of this how strong would you say the prosecution's case is against rules against and. you mentioned shady figures there's also the other man joe no. well the act under which above mr noah and mrs rose. were charged and were eighty days it is an act which can be used to convict rather easily and that is because for example it is the sum of money which goes into a bank account and your can't explain that properly and legally away then you're very likely to be

from singapore, mark cranfield from the bloomberg mliv team. very good to have you with us. tell us what is going on in the asian session because the fact we don't see wild swings in china is something of a comfort after the last few days. mark: a day of big relief, really. everyone is quite happy china has been relatively calm. a reasonable trading in the morning, it has lost a little change in the afternoon but overall, the swings have been gentle and i think that has helped the rest of the asian complex to have a decent day. it will be a huge relief if we see the back of these up 3%, down 3% types of swings that have been going on in china. towe are getting close forming something of a base, it will probably take several days of chopping around near the lower levels and then finally, people might be more confident we are somewhere near the worst for this year. it is early days yet, but at least we can report we haven't seen any manic selling today as we have seen in the couple previous days. matt: let me put to you the mliv question of the day and ask, what kind of respon

joining us now from singapore is mark cudmore, bloomberg and strategist. sterday we were talking about whether the deal around trade that we have seen in north america countries strike. whether this tells us about the willingness to do a multilateral trade deal and this could be good for china. progress was possible, deals could be done and now we have a slightly more negative spin on things. mark: it depends on perspective. we cannot draw firm conclusions. . am going in the positive camp overall we have not seen the north american trade agreement has been overhauled, it has been slightly tweaked. there is a lot of bluster and tweets but we do not get any big change. with china we can still be positive. it is on holiday this week that there is no conclusion to get much more bearish because it cleared the slate. it is in line with what he is doing all along. wills note tension so it not be resolved with china. that does not mean that it will continue ad infinitum. i do not see a reason to take a more negative spin on trade. sensing a risk off town and market

from president donald trump. stocks were treated across asia with chinese equities tumbling deeper into a bear market. joining us now from singaporebloomberg mliv strategist. where do we stand right now in terms of the trade war and its affect on -- if that's what it is, this level that the yuan reaches relative to the dollar? >> i think for it while china has been trying to get people used to the idea that there is no line in the sand particularly uan the dollar-yo exchange rate. if in reality, you look at the it the market is moving, does not look like china has any particular level that they are going to defend. the fact that they have another six months before they might be manipulator,ency and probably means that traders yae more time to beat up the un. u.s. sales had another surge overnight, u.s. dollar is strong. you saw this move on the postal issue. that's going to hurt chinese exporters in addition to the tariffs that have been lumped upon them. it's an enormous amount of pressure on the chinese economy. we will see gdp numbers tomorrow for the third quarter. they will probably look ok on the service desk service. when p

rajaratnam school of international studies he joins us live via skype from singapore good to have you with us so first of all is a deal coming together between the u.s. saudi arabia and turkey and how to resolve this i think what we're seeing here is a recognition of the fact that your mouth of the cape which was and was killed in the snowy consulate in istanbul and trying to come to grips with that in the way that allows the particularly the crown prince of saudi arabia to say faced the same tired it bulging that the turks have done what they should be doing in a case like this but even in that scenario. is there a way for mohammed bin sound man the saudi crown prince to save face as you said surely this would impact him or his power or influence in saudi arabia i think it's going to be more difficult if this is portrayed purely as a rogue operation but which he had no real knowledge because the facts fight play in the face of that however if this is portrayed as either as a general gauge in the cancer that went wrong very badly wrong or for example a talent for script that reaction

singapore airlines. two of them will be used to travel to and from new jersey. ones will be used for a yet longer flight from singapore to los angeles which will begin in november. i thought that was a fun story. >> here you go. >> it's not like a business class seat. thank you for watching. thank you for watching this hour. >> i will be back here at 9:00 a.m. on monday. i'll see in my defense at 11:30 this morning, i did tell ali and my entire team i was feeling it today and you just got that. >> check us out on social media. feel free to connect with our show. let's send it back to katie who is at the university of south florida in tampa. >> ali, i was just about to ask you who is filling in for you at 3:00 and i realized it's me. >> it's you. >>> are you excited about the elections? are you actually going to vote? we'll see. it's 2:00 p.m. here in florida where we have arrived at the fifth and final stop on our battleground college tour. welcome to the university of south florida in tampa. there's a hot race and battle to the finish. the senate duel and the f

welcome to asia business report live from singapore. the usf the risks global finance chiefs have to be discussing. and the world bank's international summit is in bali. our asian business correspondence is in bali covering their meetings. what are we expecting from the report? at the last world economic outlook that we got from the international monetary fund earlier this year, they said that economic growth of the global economy was certainly at a steady pace. they pointed to some risks on the horizon, some things that you andi the horizon, some things that you and i have discussed on the channel and i have discussed on the channel a great deal. trade tensions because of the trade war, emerging market contagion and the fear of more political uncertainty in the future and how the strait tensions can actually affect investment for policy makers as we go to 2018, the end of 2018 and into 2019. these are things i have been hearing of the summit in bali kicking off today. we will get the assessment from the imf inafew will get the assessment from

from asia. sharanjit leyl is in singapore for us. it is really turbulent right now in asia. . a sickly, stocks being sold off from across—the—board here, stocks being sold off from across—the—boa rd here, billions potentially being wiped out. japan's market falling as much as 4.4%, its biggest since march. we have the likes of the shanghai composite is down over 4%, really having its worst day since the euro 2016. in fa ct, worst day since the euro 2016. in fact, it it is at its lowest level since 2014. we haven't seen these rates for a couple of years. it is all due to those higher us interest rates, pumping investors to sell locally. very much taking their cue from wall street, suffering their sharpest one—day falls in mum on wednesday. certainly not looking great for these markets. hang sang is another that has been falling. essentially taking a big hit, worries about ongoing trade tensions between the us and china. remember, us and in this season is about to begin as well and it wasn't helped by those comments you just heard from president donald trump. —— marquetry. than

maura fogarty joins us from our asia business hub in singapore. tions between these two. well, some factions in the us administration are definitely trying to get these talks back on track. we have reports out in the last few days from various officials in the united states within the white house saying they are pushing and getting a little bit of traction moving forward a little bit on getting these talks on track. the talks they are referring to is a summit between the us president and chinese president at the g20 meeting in argentina at the end of november. if you remember, in august, there was a flurry of meetings between chinese officials and the united states officials. they were supposedly laying the foundation for the summit but then we had more trade tariffs getting kicked in on both sides and that was sort of put on hold. they are hoping if these two men can get in the same room, hopefully they can get a small win and ratchet down tensions a little bit. how they are going to do that, the latest trade numbers coming out of china, you have

from jakarta and makassar. we appreciate you joining us during these trying times in indonesia. you're watching newsday on the bbc. live from singaporecome on the programme... we'll be looking at what's in your energy drink — an australian report has found excessive levels of caffeine. also coming up on the programme... how becoming a geisha was a way for women to escape poverty. a new documentary looks at what their lives were really like. in all russia's turmoil, it has never come to this. president yeltsin said the day would decide the nation's destiny. the nightmare that so many people had feared for so long is playing out its final act here. russians are killing russians in front of a grandstand audience. it was his humility which produced affection from catholics throughout the world, but his departure is a tragedy for the catholic church. israel's right—winger, ariel sharon, visited the religious compound, and that started the trouble. he wants israel alone to have sovereignty over the holy sites — an idea that's unthinkable to palestinians. after 45 years of division, germany is one. in berlin, a million germans celebrate the

good morning and welcome to asia business report, live from singapore, with me, mariko 0i. the ushina trade war, wobbles in emerging markets and the fear of contagion are just some of the risks global finance chiefs and central bankers will be discussing at their international monetary fund and world bank summit in bali this week. later today the imf will release its world economic 0utlook imf will release its world economic outlook and our asia business correspondent is in bali covering the meetings for us. what can we expect from this report? we are expecting the report to be released in the next 30 minutes or so, and expecting the report to be released in the next 30 minutes orso, and i think what we will hear is that, when we heard from the fund the last time they released the world economic 0utlook a little earlier on in the year, the fund expected global growth to come in at around 3.9%. it said growth was picking up quite steadily, but at that point as well we were getting a sense that trade tensions in particular between the us and china could cloud that horizon. emerging

from singapore. tokyo stocks have open higher after having a massive sell—off yesterday. now by 1% and that is after ushares about to buy after suffering massive losses on wednesday. as he can see here, the snp is now back in positive territory for the year and the nasdaq has actually experienced its best will in the performance since march. it is partly because strong tag earnings from twitter and microsoft. but amazon and half of its shares tumble after disappointing results. technology expert mark i scheduled a earlier andi expert mark i scheduled a earlier and i began by asking him about why

us or china at the table. good morning and welcome to asia business report, live from singapore.estors are keeping an eye on it this week and more than $1 billion in the last week. it is one of the biggest sell—outs since the market opened in 2015. investors we re market opened in 2015. investors were really rattled by the deteriorating relations following the death of the journalists. over the death of the journalists. over the weekend they said that he died inafight the weekend they said that he died in a fight inside the consulate. and that 18 people implicated in his death it will be punished. but before the announcement, dozens of business leaders and foreign officials pulled out of a saudi conference, referred to as, they are spoke to the american cable network and he admitted to the first time, that his death was a murder. obviously it was a mistake made and with compounded it was that they covered it up. that is unacceptable for government. these things u nfortu nately for government. these things unfortunately happen, it has been very clear that we will leave no stone un

live from singapore and london. stay with us, headlines next. hello there, good morning.r of flood warnings reducing as the wettest weather moved its way little bit further east. gradually everything will come in from the atlantic over the next few days, this band of cloud working its way to our shores by tuesday and that area of cloud contains a bit of ex—hurricane ain't michael slipping to iberia, that's where we get our cloud and outbreaks of rain at the moment so more of that coming back into england and wales, a cold start for scotland and northern ireland. cold skies developing with a few showers in the north—west. this rain might not be in this exact position, affecting the south—west for a while, south and east wales, moving north and becoming lighter and may be missing the rain in the south—east, sunshine later giving the temperatures a boost but sunniest skies will be further north in scotland and northern ireland, 13 or 1a. that weather front is bringing the rain into england and parts of wales but into england and parts of wales but into tuesday, much lighter

industry flourish well joining me now from singapore is i mean they i mean it is a jap pan stock market strategist with singapore based symmetric advisors good to have you with us so how much damage has the whole affair done to the attractiveness of saudi money in the tech world right now or it's difficult to say the moment but i mean the likelihood is that you know it's going to have some notable impact all