they're not trying to run the world they're not even trying to run asia pacific i think they want to keep america from dominating the asia pacific so they have what they believe is their rightful place in asia pacific because alonso was asian our history and their size so their objectives are really modest compared with their capacity the the world for new wealth in china and i often say this is this is the product of so far made entrepreneur skill but it's also the product of the exploitation of people after the bottom what are known in china as migrants but they're not really migrants so. if you really. go to talk to these my woodworkers you will find quite surprisingly. over the past 5 to 70 years they have experienced. greater increase there in the social groups china not a car society. but china is a class society. these are the homes of migrant workers people who build and service the new china. here it's not uncommon for 3 families to share one tiny flat. you know you would see that socialist country was equality but a unfortunately since the reform has started china has becom

way from a straight through the pacific to asia and beyond. i mean if you were in beijing looking out stood on the tallest building in beijing and looked out at the pacific ocean you'd see american warships you'd see guam is about to sink because there's so many missiles pointed at china you look up the korean see american armaments pointing at china you'd see japan which is basically. japan's a glove over the american fist i think if i was chinese i'd have a little to worry about about american aggressiveness and we have china surrounded and we're doing more all the time to try and keep it surrounded and deepen that containment of china. but china presents a fascinating case of a country that is independent doesn't have foreign bases on its territory. growing very rapidly not as rapidly now as it did for 30 years but still the 2nd ranking economy in the world we have an adversary and that adversary is china and that adversary unless there is dramatic reform inside china will be our enemy some day when miss. i think really the needs to be dispelled somehow china's aiming to replac

-pacific -- mse a asia-pacific energy index is down 1.3%. energya asia-pacific index is down 1.3%. let's get the market ahead of that decision with our global economics and policy mliv strategist. a week of spikes, oil and monday, and overnight, that technical issue, the spike in about $50rates, billion in liquidity. later today, $75 billion more, if needed. does the oil price impact of rate cut decision? spike has price already dissipated. every chart you look at in your bloomberg terminal shows you you jump in oil a 100% prices to tip an economy into recession. ist this does for the fed remind them of geopolitical risks. speakinghairman powell to week and a half ago in zÜrich still sees a strong labor market, the consumer solid, holding up. the problem is this is sentiment was negative in the second quarter, trade war uncertainty. we saw the purchasing index below 50, contraction for the first time since 2016. this is pointing to the fed during the 25 basis point cut. the global risks are mounting. i think the dots will be interesting. i want to show you our dots chart. i

in asia pacific the americas were far behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. but that could change now with car makers showing the results of the billions of invested in electric vehicle technology at the i.a.e.a. and front foot. and here are some of the other business stories making news. russia's state communications watchdog says u.s. tech giants google and facebook allowed political ads on their platforms during sunday's regional elections despite being asked not to russian law says election ads should not be broadcast on election day but moscow says google and facebook did nothing to stop the run. and an alliance of u.s. states has announced an antitrust investigation into facebook the new york state attorney general says the aim is to find out whether the social media platform stifle competition and puts. use us and risk by endangering their data the justice department also say it's it was conduct a competition review off online platforms to the disposable fashion industry is highly controversial ass a to tends t

it's a missile. the pacific ocean all the way to asia and china. here the people of the mushroom islands of once again being subjected to the testing of weapons of mass destruction designed for a coming war on. the basis part of a remarkable. knownas vision 2020 devised in the 990 s. its aim is described officially as full spectrum dominance. this means control of all land sea. cyber space and space 54321. from california almost 5. the u.s. air force times says intercontinental missile by firing them at the. imagine a missile coming screaming out of the sky it's absolutely terrifying there i think that there is there's really nothing that i can imagine that that would be more terror. trying than this and we're talking about. devices that any one of them could go off course. none of this disturbs life from the base where small town america has been recreated a wonderland of the suburban good. that realize that there's nothing better than living on a tropical island i'm pretty much of each property you know it's great living here . just across the bay busybody. known as the slum of

to "bloomberg daybreak: europe." we end the week with a risk on. the msci asia-pacific index with a fourth week of gains. the s&p 500 yesterday closing within 0.5% of that record high, lifted by this report of a potential interim deal between the u.s. and china. the 10 year yield goes up another basis points. we have risen more than 20 basis points this week, the biggest weekly gain in that 10 year treasury yield since 2016. 108.14 is where dollar-yen sits. the market seemed to take the easy be decision as -- ecb decision as dovish. 5% higherended 0.0 yesterday. brent heading for a weekly drop with the iea warning that opec faces a looming surplus. that's get back to the ecb. mario draghi delivered his final stimulus package after overcoming an unprecedented revolt from projectors. the risks surrounding the euro area growth outlook remain tinted to the downside. we still think the probability of a recession for the euro area is small, but it has gone up. outlook andeconomic continued prominence of downside risk. governments with fiscal space should act in an effective and timely man

wider region, to the asia-pacific, to know that donald trump when he is in a trade negotiation with china and australia, one of their biggest trading partners with china as well. we end up being not just an outpost for western values, western political values, but a direct economic conduit to a country like china. australia represents an awful lot but also we are more than topy to play our part support the american project. regardless of whether you are on the left, right or center, everywhere else we understand what you try to do in this country regardless of with the president is and we are on board. >> what is the schedule for the prime minister? >> he will stay in washington, d.c., 9:00 in the morning is when he and his wife will be greeted by the trumps of the white house. he will go to the south lawn for official welcoming. queen was coming over for dinner we would not put on such a show so it is unique to see that. after lunchtime he will head over to the pentagon and there will be some state department briefings. in the evening they will return for the state dinner. that, on

between police and protesters off tonight for. the spring road wife alone the asia pacific program at chatham house for more on this good evening to you. wrought in terms of what we're seeing now. where do you think it's going to go for me because the mole the people in hong kong show that that they're against. what's happening the more one suspects china might act. well i it'ss very difficult to see where it where we are going to go for now other than to say it looks as though these protests are going to continue for the foreseeable future. your right to wonder what that china will. the noises coming out beijing on more and more threatening i and it does seem that china's patience is running out. but quite what that action would be is still to me very. because it seems to me that it would be a very big risk. beijing to send in its forces in some way or another. carrie lam i hear speaking earlier sounds in some ways like a broken woman the whole crisis really scott but her career and- - put it into minds of what she did. it sounds very very sad and- but she has an awful lot of respons

are in many ways in a parallel universe the asia pacific of the world's biggest brewer is listing on the hong kong stock market after raising more than $5000000000.00 last week not tells us a number of things it tells us that actually there's no other market in the asia pacific region right now that could handle a listing of that size and it also tells us that actually china needs this place to continue to work because china has an awful lot invested in hong kong that said we're not seeing any initial public offerings from chinese companies right now i think the the word has gone out that essentially the leadership wants to hold off. on any more i.p.o.'s until the situation in hong kong comes down but it is a reminder as i say that hong kong does remain terribly important to china and to its economic plans for the future yes they have shanghai but shanghai is not a sophisticated market like hong kong and i think what you're seeing the stars here is that many in the corporate world in hong kong have actually decided that the new normal is going to be what is happening right now riots

joining me here in r.t. sort of go to my guest asia pacific strategic and economic policy specialist. british prime minister boris johnson is the last 2nd to turn to triggering a snap general election success at the ballot box could have allowed him to repeal it recently passed a law aimed at blocking a no deal brags it during a heated debate in parliament both sides of the house accuse each other of playing political games. many of our constituents will be confused tonight because the labor party this ask for a general election for 2 years turned it down and we have to stop the peace process and we are not walking into traps laid by this prime minister became the 1st leader of the opposition in the history of our country to show his confidence in her majesty's government yeah why did how i mean the opportunity to have an election with a view to removing the government this house has lost the respect of the country as a laughingstock around the world the prime minister has warned his peers in office our number here. parliament is now prorogue or suspended until october the 14th which

how much he admires our prime minister. when i visit bangkok, for the meeting of asia—pacific nations, they embrace oui’ asia—pacific nations, they embrace our role in their region because they prize our commitment to the rules —based international system. in mexico, we talked about climate change. in canada, we talked about oui’ change. in canada, we talked about our joint change. in canada, we talked about ourjoint campaign to protect journalists around the world from torture and arbitrary detention. the truth is we brits get very warm welcome almost everywhere in the world. ok, maybe not in luxembourg. applause but do you know what? i think the british people have had more than enough of eu leaders disrespecting british prime ministers. applause so we will strive, in good faith, for a good deal. but if the eu spurned the opportunity for a win when —— win— win deal, we will leave nosor when —— win— win deal, we will leave no s or buts. now, i hope we can stay good european neighbours and friends, but we will be free to chart our own friends, but we will be free t

security, geopolitic friday and check ins in the asia-pacific region ands a junk senior fellow at the federation for american sciences and focuses on nuclear and conventional force developments and deconcerns and nuclear strategy. pan days director of research for the diplomat risk intelligence, a contributing editor at we're on the rocks rod in addition to this impressive set of accomplishments he has a korea society fellow, german marshall fund young strategist and a carnegie council on ethics and international affairs new leader. now without further adieu let's welcome ankit panda. [applause] >> thank you, everyone for coming out today. thank you japan society for this lovely venue. not always we get to do events on international affairs in new york city inned a auditorium this beautiful. to the young china watcher and vicki i have the pressure of introducing someone that needs no introduction. we're fortuned to be here if with dr. sheila smith, the country for most expert on issues related to japan, to japan u.s. alliance, and asia security issues in general ever when i'm wright a

it's asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for.

our latest series. that have a quick look now at asia—pacific markets and how they fare in early morning trade at the moment. us stocks are falling over night we had the neck a two to five down by 0.2% and the all ordinaries in the red by about 0.8%. thank you for investing your time with us. sport today is coming up next. this is bbc news — the top story this hour. opposition and rebel conservative mps in britain deal a major blow to the prime minister borisjohnson they will now be able to try and block a no—deal brexit. many teenagers will have spent large chunks of their summer holidays playing computer games. for 15—year—old jaden ashman, it paid off — literally. he won almost a million pounds at the gaming tournament, the fortnite world cup. leigh milner reports. jaden! what do you want for breakfast?! er, could i have some coco pops? with almost £1 million in the bank, it's time to go back to school for 15—year—old gamerjaden ashman — also known as wolfiez online. three, two, one! he won his fortune after coming second in the doubles of the first—ever for

the office in recent months. let's look at the markets. as you can see, asia—pacific bourses have open for trading. japan was closed yesterday due to a public holiday but it has open and lacklustre trade today, not much going on in the nikkei 225, down by a 10th of a percent and the all 0rdinaries giving back 0.3%. in about 50 minutes we will see the latest from the hong kong stock exchange and the hang seng index. thank you so much for investing your time with us. i'm rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: luxembourg's prime minister has launched a furious attack on the british government and its approach to brexit. president trump has pointed the finger for the attack on saudi arabia's oil facilities, saying, "it looks like it was iran". the supermarket chain aldi says it plans to open an average of one new store in the uk every week for the next two years. the chief executive giles hurley said they would invest £1 billion to achieve their aim. here's our business correspondent, emma simpson. a new aldi has come to town, and so h

were sold in asia pacific the americas were far behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. but that could change now with car makers showing the results of the billions that invested in electric vehicle technology at the i.a.e.a. and front foot. and here are some of the other business stories making news. russia's state communications watchdog says u.s. tech giants google and facebook allowed political ads on their platforms during sunday's regional elections despite being asked not to russian last election ads should not be broadcast on election day but moscow says google and facebook did nothing to stop the ads being run. and an alliance of u.s. states has announced an antitrust investigation into facebook the new york state attorney general says the aim is to find out whether the social media platform stifle competition. and put us at risk by endangering their data the justice department also say it was conducting a competition review of online platforms. the disposable fashion industry is highly controversial as it tends to

stella artois and u.s. provisos said it's asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for hong kong bourse which has recently been battling to win listings by international companies due to political tensions with beijing. now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says it's trying to calm months of unrests in the semi autonomous city. at a meeting this week in change in city bordering hong kong senior executives from nearly $100.00 of china's largest state run companies including oil giant scientific and conglomerate china merchants group were urged to do their part to help cool china's biggest political crisis in years at the meeting the air so he's pledged to invest more in key hong kong industries including real estate and tourism in a bid to create jobs for local citizens and stabilize financial markets the dir

philippines, india, all those countries will benefit. let's take a look at the asia pacific markets and how they are faring in early monday trade. basically, gains are being capped after a chinese agriculture delegation cancelled a planned visit to montana, dampening optimism about the us—china trade negotiations. as for the price of oil, higher today after the us said it was sending troops to saudi arabia in the wake of attacks on saudi oil facilities. thank you for investing your time with us. i‘m rico hizon. goodbye for now. let‘s bring you up—to—date with our main stories this hour. ahead of the latest world climate summit, un scientists have said the last five years are likely to be the hottest on record and the impacts of global warming are increasing. last—ditch crisis talks to try to avoid the collapse of the british tour operator, thomas cook, are expected to conclude very soon. switzerland‘s glaciers have all been shrinking at an accelerated rate in recent years. one of them, the pizol glacier, is set to disappear completely by 2030. scientists have been hold

asia—pacific market and how they are faring in mid—morning trade. virtually unchanged since yesterday‘s announcements for top there is lower optimism on the global economy. thank you for investing your time with us. i i‘m rico hizon, sport like today is coming up next. —— sport today. this is bbc news the top stories this hour: donald trump has fired his national security adviser, john bolton, saying he "disagreed strongly with many of his suggestions". benjamin netanyahu has promised to extend israeli sovereignty over thejordan valley if he‘s re—elected next week. the palestinians say the move would "bury any chance of peace" for a hundred years. a man has spent £30,000 of his life savings in a failed attempt to get a £100 speeding fine overturned. richard keedwell from yate says he was wrongly clocked doing 35mph in a 30mph zone on a day trip to worcester three years ago. he‘s since spent thousands on legal fees — but lost his appeal. andrew plant reports. it isa it is a folder two inches thick. richard keedwell‘s speeding case which began with a standa

the msci asia pacific index rising there, not a huge gain but up .25% almost. u.s. futures are down. the changeill see after the european open, but for now it looks like it could get a negative start to u.s. stocks, even with those trade comments. does thison is, impeachment process play into the moving of the market, a lot of people of come out and said it will not have much of an effect on markets for now. the new see the new zealand dollar rising in terms of u.s. dollars. price rising this morning. bloombergking at the dollar index more broadly, is it just a bid for the safe haven dollar, with all the impeachment drama? the 10 year yield down four basis points. yesterday we saw it jump nine basis points. generally it was a risk off session yesterday, perhaps it was the trade headline strong that more than anything. gold also dropping significantly yesterday. it could have had to do with the comments from charles evans that we just discussed, but we bounceback a little bit today. matt: the white house has released details of the phone conversation that triggered the impeachment in

asia pacific region since they forged diplomatic relations. the era of the u.s. and china is completely different from the era of u.s.-japan and u.s.-russia rivalry, which resulted in multiple wars, big and small. the co-existence and operations between the two parties over the last 40 years have been the engine that prompted the collapse of socialism and dissolution of the cold war and made it possibly to realize prosperity and peace. that's why i dare say, rather than focusing on their issues of contention, the united states and china should take on a broader perspective and pay attention to the history of the u.s.-china cooperation. in fact, since modern times, there has not been any history of war or confrontation between the two nations. their bilateral cooperation in the asia pacific region was the strongest in defeating japan and the communist tote totalitarianism and it can only be achieved through farsighted cooperation rather than confrontation, today's clash of interest can be easily overcome. conflicts within northeast asia are also troubling. although northeast a

from a straight through the pacific to asia and beyond. i mean if you were in beijing looking out stood on the tallest building in beijing and looked out of the pacific ocean you'd see american warships you'd see guam is about to sink because there's so many missiles pointed at china you look up the korean see american armaments pointing at china you'd see japan which is basically. japan's a glove over the american fist i think if i was chinese i'd have a little to worry about about american aggressiveness and we have china surrounded and we're doing more all the time to try and keep it surrounded and deepen that containment of china. but china presents a fascinating case of a country that is independent doesn't have foreign bases on its territory. growing very rapidly not as rapidly now as it did for 30 years but still the 2nd ranking economy in the world we have an adversary and that adversary is china and that adversary unless there is dramatic reform inside china will be our enemy some day when miss. i think really the needs to be dispelled somehow china's aiming to replace am

we work with our clients across the asia pacific, we guide them to have an understanding of the entire region and notjust hong kong, understanding that is quite important and what they are worried about is that this is a period of prolonged crisis and leading with resilience and through the anxiety is something topmost in leaders mines. have they discussed or suggested plans of moving away from hong kong? right now, most of the leaders respect to seem to be adopting a wait and watch approach. a lot of business continuing to plan ata a lot of business continuing to plan at a safety level but some of the best leaders are ensuring they are creating enough support systems, keeping the dialogue open for employees, talking through what is happening and what it means for their lives, families and careers. the chief executive of cathay pacific, a very well—known hong kong brand, he resigned after a storm of criticism from china because of his employers participation in some of the protests. is it a sign of x had leader out of touch with china? —— x patriot. they need to keep the e

last year just under 1000000 electric vehicles were sold in asia pacific the americas well bobbie behind but still in 2nd place and europe came in 3rd with fewer than 230000 electric vehicles sold. but that could change now with car makers showing the results of the billions of invested in electric vehicle technology at the i 80 and front foot. nice doing business or thing. soccer games favorite sport. it's no wonder stick tackler go. plenty of emotion. and. the best of game day. kick off w. . coach of a. sure link to news from africa and the world or link to exceptional stories and discussions from the news as easy as i want with safety deputed comes much traffic on join us on facebook. for god. such. place this weekend world stories. mexico miss ingenues murdering women. yemen hospitals are on the brink mistime we start out in germany. is one of the few remaining holocaust survivors she passed through to concentration camps now she's been honored with a german national prize. she is one of the last holocaust survivors alive today i need telasco wolfish was deported to the auschw

story just about europe. that is true in the states as well and end asia-pacific and emerging markets. -- and in asia-pacific and emerging markets. containing real gdp relatively low levels and no sign of it moving higher. nominal gdp operating leverage, goes into reverse. there was an expectation earlier this year it would rise and according to bloomberg, that is about 1%. we are kind of flat. it is not clear what is going happen next year and whether there will be a recovery. guy: if i don't have to investigate -- if i don't have to invest in europe, is there any incentive to put money to work here right now? maybe there are a couple of companies here and there you can find if you're a bottom up kind of stock picker, but most people these days are increasingly investing in the etf point of view, why would they put money here? >> the story is about positive opportunities. if you want to put your cash, negative return. sovereign, that is not great. from an equity point of view, all the earnings have been calm, they have been rising. not yet sing margins back to cycle highs, so

china with missiles bombers warships all the way from a straight through the pacific to asia and beyond. i mean if you were in beijing looking out stood on the tallest building in beijing and looked out at the pacific ocean you'd see american warships you'd see guam is about to sink because there's so many missiles pointed at china you look up the korean see american armaments pointing at china you'd see japan which is basically. japan's a global over the american fist i think if i was chinese i'd have a little to worry about about american aggressiveness and we have china surrounded and we're doing more all the time to try and keep it surrounded in deep in that containment of china. but china presents a fascinating case of a country that is independent doesn't have foreign bases on its territory. growing very rapidly not as rapidly now as it did for 30 years but still the 2nd ranking economy in the world we have an adversary and that adversary is china and that adversary unless there is dramatic reform inside china will be our enemy some day when miss. i think really the needs to be di

barn doors before the horse gets out. last week we put a report on asia-pacific air freightin sign it was down strong double digits and deaccelerate increasingly a alarming paces. bottom line here is and see fedex has gone from in 90 days from predictinge moder u.s. economic growth -- from growth to moderate growth. gone from predicting despite cost costs and increasing the co cuts from mid-single digit declines in earnings for the year to 16 to 30% decline in earnings. this is not an alarmimi company. conservative company well run. global impact. appear and the bottom line is they are increasingly concerned because tariffs are terrible taxes, well- >> fedex obviously has more global footprint than other companies in the transportation . but do you anticipe that given what fedex laid out today that we are going t hear more of this type of reporting from some ofer the o key transportation stocks and companies? >> i do. and the reason we do iy v simple. this is 1% of the weight of the key butr is o 15% of the value of the changeable goods economy. driving text hiring engineerings, inves

. let's have a quick look now at the asia pacific markets. as you can see on your screens, investors in japan and you can see on your screens, investors injapan and australia a little bit excited about the us rate cut, despite comments from president trump that mr powell and the fed had no guts in basically making more aggressive rate cuts, the nikkei up by o.9%, aggressive rate cuts, the nikkei up by 0.9%, the all —— all 0rdinaries 0.6%. thank you for investing your time with us. this is bbc news. the top stories this hour: as indonesia battles forest fires in borneo and sumatra, pollution is reaching critical levels across much of the region. the government has told the bbc that it may not apply european union standards for home appliances after brexit. if that happens, it will affect our energy use helping the uk to meet its climate change targets. here is our environment analyst roger harrabin. welcome to derbyshire's vacuum cleaner museum. some machines here use lots of energy. 0thers use very little. recent eu standards on efficiency banned the energy guzzlers. this model, for

and delays are inevitable peter harbison is chairman emeritus at the center for asia pacific aviation he explains what went wrong for thomas cook. now starting from the very short this this time of year is when in a cash flow business like the airlines and the travel this is generally this time of year is when the bills start coming in and the cash slows down and so when our her it gets and a lot of all of collapses of years this is this is the season on fortunately that it is tragic and in tom's court case going back a little bit further than the impact of bricks or the you know the uncertainty around that the fact that brits didn't travel so much internationally last year has been said to be one of the causes all arrived things and the fact that there is such intense competition particularly low cost carriers in the new european markets diary that model that was a surround package and the and the basically these were the lowest the low cost carriers of the 7 years and i think. that model is not there's a practical use as low cost carriers to. dive in and out of a particular route th

wider region, to the asia pacific, to know that donald trump when he's in a trade negotiation with china and australia, one of our biggest trading partners is china as well, we're one of the only countries that has a free trade agreement with china, that we end up being not just an outpost for western values, western political values, but also we're a direct economic conduit a country like china, so australia represents an awful lot but also we are more than happy to support the american project because regardless on whether you're in the left, right or center, perhaps not the extreme left in australia, but everywhere else we understand what you rtry to do in this country regardless of whom that president is and we're on board what's t what . >> what's the schedule for the prime minister? >> thursday night he'll arrive at andrews air force base. he then will stay in washington, d.c., 9:00 in the morning will be when he and his wife, jenny, will be greeted be i the trumpet the white house. then go to the south lawn for the official welcoming. far more pomp and circumstance than we w

use the armed struggle. we always maintain peacefully. because you cannot win the asia—pacific, west papua as a militarised zone. when we use the armed struggle... indonesia can legitimately send out 10,000 of the military. that's why under my leadership we come out peacefully. since 2000, we had a congress, 2000, they came out peacefully and engaged with jakarta to solve the west papua issue through the international mechanism which is called a referendum. but if i may, the point is you claim to be the unified leader of the liberation movement for west papua, but it pattern isn't true. the other long—standing separatist organisation, the 0pm, doesn't recognise, it seems to me, your leadership. the 0pm leader, jeffrey bomanak, said recently that his organisation and its armed wing, the tpnpb, reject and deny the claims and political statements made about the merger by you. he doesn't accept your authority. and also it is clear that the tpnpb continue their armed struggle. we — this isjust a number of people, an individual claim. but we — in 50 years we never became united. but

the asia-pacific region also senior fellow at the american federation ofci scientist working on conventional force development with deterrence a nuclear strategy. the director of research of intelligence contributing editor from the morning post and in addition fellow strategist in carnegie council on ethics and international affairs leader without further ado let's welcome. [applause] >> thank you everyone for coming. out today to emphasize this lovely venue is not often do affairs - - talks on international affairs in this auditorium i have the pleasure to introduce someone who needs no introduction we are all very fortunate to be here today with doctor sheila smith who was the country's foremost expert on issues related to japan and the alliance and asian security issues in general what i am writing about these issues when i go to google her name is next to the topic she has already written something about it. so i look at her record quite a bit from her past writings. from the council of foreign relations where she works on japan the author of the book japan rearmed and inti

current position we are in and the asia-pacific. up more than 7%. credit suisse is approaching a crucial decision on management. the bank's board is set to meet later today to decide on the fate of executives implicated in a botched spying scandal. our asia finance managing editor joins us. what are we expecting? >> where do we go from here is to this board meeting and we are expecting the chair to make a decision on the state of the credit suisse executives --olved in basically decided that is according to a person with knowledge of the matter. all of this stems from an atercation centered around former star banker at credit suisse and is set to join ubs. credit suisse hired a private investigation firm to shadow him because they were worried he might try to poach some of his former colleagues. this led to an altercation in downtown zurich. it prompted credit suisse to launch an internal probe. we are looking ahead to the board discussing the results of expecting and we are the chair to make a decision about who ordered and whether any policies were violated. bankad: how are the shareho

today.s asian stocks coming down. biggest losses in hong kong. mscia look at the asia-pacific and index -- that following this morning as well. and looking at u.s. futures, they are up. reading thes are signals differently or maybe something else is at work sending asia down but making traders optimistic for the opening of u.s. trade. is strengthening a little bit. coming down to 7.11. gaining strength in terms of dollars. nejra: mixed signals from market. the offshore yuan is strengthening though the onshore is weakening. friday, the 10 year treasury yields dropped six basis points. with japan closed, we have to look at the futures. the cash trade has not gotten going. the drop in the 10-year gilts outpacing the drop in the two-year yell. markets paring that back a little bit. the fed is going to have to could -- is going to have to capitulate at some point and brent is bouncing around for iranfor a ram -- and the fact that saudi aramco may not be able to restore production. and it is likely that iran was behind the saudi aramco attacks. to the roller coaster trade headlines. tra

the past year. u.s. futures and asia-pacific stocks down to kick off the week with investors have had a lot to digest from the weekend. not to unpack it we have bloomberg asia editor garfield reynolds joining us in sydney. trade tariffs, pmi's, what are you watching? >> there's also hong kong. i think hong kong is adding to where the level of turmoil is act as a drag on sentiment. investors are having to take into account concern that this is a situation where what is going on is making things worse and it is hard to see what sort of resolution comes along that could offer a rapid turnaround. if protests die down your of damage to the hong kong economy. and to the way the asia-pacific financial and economic system was set up. a prosperous hong kong as part of one country to systems set up that was working moderately well. that seems to been thrown out along with trade between japan and korea. the trade relationship their the world's two largest economies it then there's europe in the background and all the rest of it. point tother pressure bring risk off. is one more reason for the be

bloomberg index of asia-pacific airline stocks, 1.5%.y .1% -- the japanese yen rising today. the other factor in terms of market movement in asia today data.en more dismal china i want to have a look at the impact we have seen. china's shanghai comp holding steady. a lot of movement in tech stocks. shenzhen and the chinext index up by .5%. the korean won is a little bit lower, down by .7% against the dollar but essentially, what you are seeing in the risk-on move in terms of some of these assets and. and china is the fact that investors are starting to bet we will see more stimulus, because clearly, the current efforts have not been enough to help the china slowdown. we saw a retail sales growth at its lowest level since april in the month of august. manus. manus: juliette, thank you very much. juliette saly in singapore. let's get you up to speed with your business flash headlines. >> thanks. general motors staff have caught their first strike and 11 years, halting work at dozens of facilities across the u.s. the united auto workers union is digging in for a fight over jobs and benefi

are joined by nokia's head of asia-pacific and japan, jae won. thanks very much for joining us. i'm just wondering if you see a major difference in the times of 5g in the various regions? the aipac, europe, and the u.s.? jae: thank you very much. on asia-pacific and japan, on tensionsrn front, across japan as well as korea, australia, new zealand. that is as developed as you can get. the deployment speed of 5g is very diverse and different. on the eastern front, especially with korea and japan, things are moving along very fast at a breakneck speed. has been ahere massive scale of deployment already. nokia is participating in the three buildout happening in korean markets. there is already 2 million subscribers for 5g. it is fully expected that at the end of the year, there will be more than 4 million subscribers switches 10% of the population. that breakneck growth is unprecedented, even compared to the 4g era. as fastve 5g will be and even much faster than 4g. paul: how's nokia positioned in the market now? do you see the company getting the same slice of the 5g market by the end

european open." asian equity markets certainly weaker, down by 0.5% on the msc i'm asia-pacific -- msci asia-pacific. bloomberg first word news update. juliette saly has that in singapore. juliette: the supreme court will start healing -- hearing the case against boris johnson's suspension of parliament. the beginning of the bait -- the debate is whether it is a matter for the courts. the court may not rule until next week. >> israel had to the polls -- heads to the polls. the final result may only emerge after prolonged coalition trading. netanyahu failed to form a coalition after april's vote. russia is offering to sell saudi arabia it's as 400 missile system to bolster the kingdom's defenses. riyadh has been in talks with moscow, but going through with it risks u.s. sanctions. in the u.s., the new york times is reporting eight years of president trump's tax returns are being subpoenaed as the da examines hush money paid to stormy daniels. the move widens the ongoing effort to obtain a tax record president trump has refused to disclose. representatives for the president declined to co

to make sure the smithsonian asia pacific center which served to further the inclusion of asia-pacific americans continues to research, build collections, do exhibitions and programs and they too are fundraising for the first gallery dedicated to them. our work to increase knowledge is never-ending. the institution has been conducting groundbreaking research in science, marine and terrestrial environments and reproducing on animals around the world in the national advertising. ultimately what i want to do is say museums are more important now than ever because of their ability to serve as trusted sources of information. we want people to see the smithsonian as a tool to help understand the universe, their history and our shared future in order to live better lives. it is incumbent upon us as an institution to be a more universal resource and to increase relevance. thank you for giving me the opportunity to testify at happy to answer any and all questions. >> now we hear from you, miss helm. >> chairman lofgren, ranking member davis and members of the committee, thank you for th

in southeast asia and the asia pacific region. thank you. >> okay. thank you very much. i thank you very much. [ applause ] we'll see you in the other room. thank you very much. >> thank you. liz: that of course is singapore's prime minister with president trump, signing a memorandum. the president referenced all kinds of trade discussions and defense purchases. any more information, we will get it to you. he is now up next expected to meet with the new zealand prime minister. >>> all right. closing bell in seven minutes. "game of thrones" taking a fourth straight best drama emmy award to end its eight-season run. the series about jostling for power, you know, i didn't see the danged thing. i'm the only person on the planet that hasn't watched this thing. also netting peter dinklage a best supporting actor. from the president's feud with the fed to the china trade feud to tensions in the middle east, that captures investors' interests. let's get to the real world game of thrones and the award-winning senior portfolio manager at ubs wealth management sees as an opportunity for your p

let's check on the markets and we are pretty unchanged on the msci a asia-pacific where u.s. equities and it. -- ended. concernse front foot, in the region on possible sanctions on iran. dollar strength is what we saw yesterday but pretty flat and the yen, the best performer in g10 against the dollar after the doj. to see the yenng strength when the boj did nothing and the fed actually cut. look at the 10 year yield, 1.78 is the number you will get. 1.4 weway off from the saw a couple of weeks ago but also from the 1.9 on friday. euro stoxx 50 futures are falling, although very little. are telling that s&p falling and the asian trade, looks like the thumbs down to the fed's seemingly hawkish cut. i agree i don't think it was a hawkish cut. coming up, the last hawk in the room? we speak to the governor of the norwegian central bank. olsen after 10:30 london time. this is bloomberg. ♪ matt: this is "bloomberg daybreak: europe." i'm matt miller in berlin. nejra: i'm nejra cehic in london. juliette saly has more in singapore. juliette: we are seeing the msci pacific, japanese stocks par

korea are absolutely essential. relationships all over asia and pacific. we have the base in guam. but also those other countries that are not aligned with us militarily are really critically important to keep the independence of the waterways everywhere. it's all of those things together. and the commercial relationships we have with countries is important too, because we give them options. not just china, but they have options with us. gerry: should we warn the chinese, hands off taiwan? that's been a big issue for them historically, and we've been supportive of taiwan. should we continue to do that? >> well, i think we have. i think obama was clear on that, clinton, bush, trump has been clear on that. that's one good example of staying strong and committed to our a allies and to our relationships, and it's all of those factors and those advantages that we have right now that we need to monopolize. gerry: we're just running out of time but one very topical issue is hong kong. china -- hong kong is in uproar at the moment, challenging chinese authority there. china's promised to

should start there, using our alliances, our relationships. in asia, in the pacific. one of the big mistakes i think president trump made that put us partly in this problem is when he pulled out of the trans-pacific partnership, the tpp. that was a huge advantage for the united states with those asian-pacific powers. then tariffs are a part of it. i mean, yes, you can use tariffs, but not just using tariffs only to threaten and then that drives the chinese into a response where they're going to respond and here we go. gerry: let me just quickly show you the president's been talking this week, he was addressing some remarks made by senator toomey of pennsylvania. i think we can pull up the remarks. senator toomey criticized the president in pennsylvania. here, we have the remarks. there's no question the trade uncertainty's contributing to the slowdown by the economy. we're in a very good place, the danger is where are we going to be a year from now if concerns about trade continue to be -- and let's just hear what the president said in response to that while talking on fox, fox news