today, we fish. >> asia: allora! [ speaking foreign language ] ♪ >> anthony: for once, i am confident with success, with dino and franco and their trusty wooden gozzo, as they call these boats. >> dino: yo, vito! >> anthony: and for good luck, i have asia argento along. who, in addition to directing and acting in films for, like, the last 30 years, has spent a hell of a lot of time doing this. >> asia: you've never done this? >> anthony: i've done this. i stood there and watched somebody else do it. >> asia: yup. oh, i caught a scorfanello. a scorpion fish. a little one. okay, anthony, take over. [ speaking foreign language ] >> anthony: yeah, your forearms. >> asia: it's good for the hangover. oh yea, forearms. it's very good for the hangover. [ speaking foreign language ] >> anthony: beautiful. oh, you're making him talk like a little hand puppet, too. he's like, we have this little hand movement. >> asia: hey, you had too much to drink last night. [ speaking foreign language ] >> franco: drunk. >> anthony: there

asia. no? >> fiore: yeah. >> anthony: really? where? >> fiore: singapore and bali. >> anthony: those are not bad places to live. >> fiore: yeah. not bad places to live. >> anthony: bali's nice. >> fiore: bali's nice, but, then, every time i'm -- when i'm away, i miss rome. when i'm in rome, i want to go away. >> anthony: so, do you take it for granted when you drive by this magnificent, like, the coliseum? >> asia: yeah, i don't even look at it. >> anthony: what about you? do you think, "wow, it's kind of awesome here?" >> ana: mm, yeah. i do, actually. i appreciate it a lot, but it's not like every time i drive by i'm like, "wow!" >> nicola: like, this year it's a bit better than the other years. >> asia: what? the coliseum? >> nicola: yeah, like -- >> asia: why is it better? it's been there for 2,000 plus years. >> nicola: yeah, but -- well, other year it was, um -- >> asia: dirty. >> nicola: dirty. and, and it was, uh, like, plastic somewhere. >> anthony: oh, they were -- when they were

good morning, asia. hello, world. welcome to another edition of asia business report. i'm rico hizon. thank you forjoining me. it is another exciting friday! we start with us president donald trump. he arrives in vietnam very soon to attend the apec summit. earlier this year, president trump pulled out of the tra ns—pacific partnership arrangement, dealing a blow to the free—trade ambitions of apec. china is trying to gain economic power in the region at the same time. we are joined from vietnam. she is right outside the summit site. it looks like it is all about trade and business. yes, indeed. as you can see, people are lining up and are getting ready to listen to many speeches from foreign leaders from the apec economies, like the japanese prime minister, the new zealand prime minister, and also, the speech everyone is waiting for, donald trump's speech, when he presents his vision of what the us‘s asia on the trade engagement in asia on the trade front and politically, frankly, will look like. there has been a lot of disappointment with the us pulling out of

haidi: this is bloomberg markets asia. rishaad: japan leads the asia-pacific. biggestlling after the swing in one year. haidi:

of -- the countries of asia are integrating economically. it is becoming more difficult for the united states to get what we need. we need to have skin in the game. we need to continue to fight for our interests. by withdrawing us from those multilateral discussions is that we are not there. we do not have a seat at the table. the other countries in the region will continue to move and the united states is not going to have the same alike up.o -- the same leg when it comes to security, the united states has played a very important role behind the scenes and trying to keep the peace in the region. our alliances with south korea, japan, philippines, australia, and others have made sure that other countries -- china in recent years -- does not try to do something to undermine peace in the region. the unitedity in states weekends, you will see tensions between many of these countries rise. the risk of some sort of miscalculation or conflict over north korea for instances the type of thing we could see. host: we are taking your questions and comm

from the heart of asia one when east brings captivating stories and award winning film. as tensions on the korean peninsula remain high president trump embarks on a fine nation tour to east asia november on al-jazeera. everything. is being analyzed it's being weighed and it's being measured that's what intelligence agencies are they are taught us to do things in secret that are a lawful or politically embarrassing all of the colleagues that i knew chose to retire from the n.s.a. they could not stand by and see all the work that they had done being used for mass surveillance digital dissidents at this time on al-jazeera the nature of news as it breaks because you can see there in the distance shia militia vehicles the you can see all the horizon there the peshmerga telling us are actually tanks with detailed coverage when the mine closed in one thousand nine hundred four many people lost their jobs dabangg is making money from around the world this is supposed to last for a month but people tell us that it only lasts for eight days if you look around this is the only food

place in asia. china is becoming a de facto superpower in asia. through its economic relationships, the interest and dependency in emerging nations billion china$900 has at its disposal through one , it, one road, through aiib is asserting its presence. >> can it be when it is reluctant to take a stand in places like afghan and syria? >> we saw it in south africa, zimbabwe. we are seeing china at the center of the global debate. trade is also -- there are two models clearly emerging. when xi jinping spoke back in january, we were also price to see him become the voice of of alateralism, the face rules-based trading system. what we are seeing now is that they are asserting that again and the right lateral dealmaking context in which the u.s. is engaging with the world is a very different model. is the u.s. retreating from asia? is the withdrawal from tpp a reflection of that? >> the united states has the political foundations, deep economic foundations, and asia. a strong security commitment to asia.

you still have growth dominating north asia versus south asia. >> thank you very much. you can catch our interviews and watch us live and get involved with our conversations with our interactive tv function. for bloomberg subscribers only. check it out at tv . you can take some of the charts we fire up to the morning as well. check it out, tv . this is bloomberg. ♪ ♪ quick check of the business flash headlines. facing hna group accused ofter providing false information. regulators say they gave incorrect shareholding's and failed to disclose that executives held important stakes in the deal. fully and cooperative the ruling has no impact on the validity of the takeover. softbank proceeding with its investment in uber despite a security breach the company covered up for one year. saysall street journal huber told softbank one month before acknowledging it publicly. aims to buy 14% from shareholders and plan a direct investment of $1 billion. >> standard chartered is finance joint ventures and may list won it once in china earlier this year. the corporate fina

welcome to "daybreak: asia." the top stories this monday, president trump faces the first of many meetings with north korea plan the agenda. he has made a clear warning to opponents to not challenge the united states. betty: and it is just after 6:00 p.m. on this sunday evening in new york. elsewhere, storm clouds over berkshire hathaway, mother nature rained on warren buffett's insurance-based parade in the last quarter. and saudi arabia's crackdown. is world's 50th richest man among those detained. ♪ betty: while we are watching all of these geopolitical events, including more headlines coming out on north korea, let's focus back on the markets how investors are looking at how all these events playing into their own outlook on the u.s. and the world. i want to bring up this chart, 5080. it shows you how the three-year and tenure spread, or the five and 30 and two and 10, i should ,ay, trying to find out represented right at the end. you can look at it several ways, or maybe specifically two ways, ,hich is the

asia-pacific, which goes all the way from afghanistan to hawaii. it's a broad -- host: a big region. what is the significance of this trip to asia for president trump? guest: it is a very significant trip. the stakes are very high. there are many important issues in the region. he will be addressing a lot of them. it is also a long trip. the white house is saying is the longest trip by a president to asia in 25 years. he will be traveling to five different countries. south korea, japan, china, vietnam and the philippines. and addressing a wide variety of different issues. the main ones being north korea and international trade with the broader overly of what many see as a general competition between the u.s. and china on who will be leading the region in the future. host: the wall street journal today as the headline, "north korea to dominate the agenda." president trump's anticipated trip starts on saturday. pyongyang's desire to be considered a global nuclear power. the rest of the developed world attempt to undermine been envisioned will be the

territories to discuss tensions with north korea from hawaii he begins the longest asia tour by a u.s. president in more than a quarter of a century his first top on sunday is going to be japan and their travel on to south korea and central to his mission in south korea hashing out strategies to rein in north korea's nuclear program that issue will be high on trump's agenda when he gets to china too he's repeatedly trying to convince the leadership in beijing to put more pressure on pyongyang after china visits vietnam for the asia pacific economic cooperation summit and his final stop will be to the philippines for another summit the association of southeast asian nations i'll also be reading with philippine president laundry go to terror controversy has a company trump what is past trips abroad so will this time be any different. in brussels he pushed his way to the front sharing aside the prime minister of montenegro. and peres who told the french first lady quote you're in such good shape. on diplomatic embarrassing to the u.s. president has faced lots of criticism for his behavio

we are focused on asia. it is grown so much forest in the last decade and in the next decade it will help grow any other international market that we have. despite his pay packet it seems that investors think he is worth it. in other business news, making headlines, apple says it is working to fix a serious bug within its operating system. the floor with an hi ciera makes it possible to gain entry to the machine without a password, putting the personal information of users at risk. it requires physical access to the system but it could happen remotely if the user enables remote desktop. growth should accelerate next year according to the oecd. the forecast shows the upturn becoming increasingly synchronised across countries. the world economy is growing at its fastest rate since 2010. however, economists warned that conditions we re economists warned that conditions were a sustainable expansion are not yet in place. in the shadow of the latest missile launch by north korea, china has decided to loosen its ba

donald trumps in asia where one name dominates talks north korea the us president says patience with pyongyang and its missile tests is over what is he able to do and what he perceives to washington's so-called pivot to asia this is inside story . and i welcome to the program i'm jane doctrine don't underestimate america donald trump's message as he kicked off his twelve day tour of asia his first as u.s. president trade deals are on the agenda but one subject overtakes all tensions with north korea trump again in japan a meeting with a man he appears to see as a new best buddy prime minister shinzo of a lunch of burgers and a round of golf he addressed u.s. forces at the base near tokyo speaking highly of american dominance and promised his troops an upcoming shipment of arms all this talk about u.s. military superiority is related to the conflict with north korea both trump an obvious say all options are on the table the era of strategic patience is over. some people said that my rhetoric is very strong but look what's happened with very weak rhetoric over the last. twenty five yea

good morning, asia, hello, world. loud you canjoin morning, asia, hello, world. loud you can join us morning, asia, hello, world. loud you canjoin us for morning, asia, hello, world. loud you can join us for another exciting addition of asia business report. —— glad. i'm rico hizon. technology giants are coming up with more measures in response to claims russia meddled with the us election. yesterday we told you google was going to show stories from two kremlin owned newspaper is lower in search results. —— news providers. several hours ago facebook said it will show its users which russian propaganda pages or accounts they have followed in the like. i'm joined by my colleague and business reporter monica miller. monica, how big a problem was it? they believe roughly 150 million facebook and instagram users may have seen some of these fake accounts or organic posts that were created by this russian propaganda group. now, a couple of weeks ago, lawmakers on capitol hill grilled lawyers from these giant social media companies. in response, facebook says the

policy in asia so far that are positive. the u.s. defense department appears to have restarted freedom of navigation operations in the south china sea on a regular basis, something i think we need to be doing to show the freedom of navigation is an interest of the unites states. it is something that we will defend. policy are our pieces of across the region the trump administration is actually doing a good job of. it is the broader policy in the region. the relationships i think he is forging with some of these countries that i think is overall disturbing. host: michael, we appreciate the conversation. washington journal, live every day with news and policy issues that impact you. coming up saturday morning, chuck marr of the center on budget and policy priorities discusses federal government tax pending. ronald rubin, the former enforcement attorney at the consumer protection bureau talks about the future. on our spotlight on magazine segment, we feature esquire and writer discussing oxycontin. these sure to watch washington journal

he's been on a big tour of asia. i think this is a significant week in terms of really understanding, and we have spoken about this so many times with donald trump, how much was the rhetoric reel in terms of policy responses and economics, and how much would actually start dissolving when he realised the complexity of relationships around the world. i think this week with his visits to japan, south korea, china, and now to apec, has revealed economic reality has won out in the debate. the very critical noises that came out of the trump camp before he was elected president, on china and on trade, has dissipated. i think there isa trade, has dissipated. i think there is a reality that america, for example, wants to do big energy deals with china. one thing to think about is asia is notjust china. japan, he is with apec today, with the philippines and vietnam. these are countries that will be concerned about some of china's expansionary behaviour and will see the usa as possibly an ally in challenging that. looking at t

ambassador to japan on trump lost it to asia. we are going --. trumps trip to asia. now, we will be joined by the former japanese , and at 10e minister past 11, we will talk about the indications for stocks with japan.n sachs' you are watching in new york. >> let's get you up to date with the first word news. leaked documents from an offshore law firm reportedly stakes in a ross shipping company under the u.s. sections. giant russian energy companies called fiber. ross has never met cyber and didn't know the relationship with the kremlin. renewed his warnings about the dangers of corporate debt, saying international system is becoming significantly more vulnerable. elated riskse, were regulating, including some complex southern contagious and hazardous. even as the overall health of the economy remains good. at least 20 people are reported to have been killed in a mass shooting at a church in texas. officials say a man walked into the baptist service and opened fire. it's not a case of who shot the attacker, or if he died. global news 24 hours a day powered by over 2

and asia, as well. i would just say we want to look at company earnings and see if the valuations make sense. right now we are probably in the latter stages of a bull market. but we are not at the capitulation point. yvonne: what would you buy in terms of currencies for 2018? we see the dollar in the doldrums. goldman and the likes saying we could see three or four rate hikes from the fed. cliff: we are not in that camp. again, we do not know that much about powell as a chairman. an because he is not economist, he is likely to be looking to staff and other outside economists for guidance. i think he may be getting benign guidance on this. we are looking at may a couple of hikes next year. i am sorry, i forgot the first part of the question. biggestwhat is the conviction call when it comes to currencies for 2018? continue -- i we do not see things going in a straight line for 2018. in some ways, in the latter half of the year, a may see some of these asian currencies strengthening as you start a selloff

is the u.s. a status quo power in the asia pacific region or merely a foil challenging china. visit to asia i'm joined by my guest michael maloof in washington he is a former senior security policy analyst in the office of the secretary of defense in lake jackson we have daniel mcadams he is the executive director of the ron paul institute for peace and prosperity and in brussels we have. he is the european coordinator of the american committee for east west accord all right gentlemen crosstalk rules in effect that means he can jump in anytime you want and i always. appreciate it daniel let me go let me go to you as president trump was going to asia with his national security advisor. h.r. mcmaster said that there is the objective is to rally our ice to achieve quote complete verifiable and permanent mean nuclearization of the korean peninsula i mean is that hyperbole i mean are they really serious i mean we have a lot of bluster coming out then we have some contradictions in tweets i'd like to meet the man i mean what is the focus here i mean it seems as usual i'm sorry all o

discussing trump's trip to asia. ok let me go back to daniel and jackson you're right one of the best things best things that trump did when he became president is the pullout of the transpacific partnership absolutely was necessary but what is trump proposing in place of it because he want he doesn't like multilateral things ok and if it is and if it is multilateral the u.s. has to control it ok it's a fig leaf ok but in this case it's a bi lateral right now does the u.s. have really the the the stamina and the strength to me making the new deals because i mean the united states is the biggest debtor country in the world i mean what kind of leverage to the chinese the south koreans the japanese the mini's even with the united states right now the u.s. only has its military go ahead. well you can make new deals with old ideas and well i agree with you the pulling out of the t p p was a very good idea certainly from a free trade perspective because these large trade deals really are sweetheart deals for crony capitali

north asia chief correspondent. that is almost it for daybreak asia. time for a look at the next few hours on bloomberg markets. rishaad: we have equity markets. people dive straight back in, but they could invest. we would get a look at this with our reporter from j.p. morgan. and property prices in china, another way to look at it. research andead of real yield, where is the juice? looking forward to that. that is it from daybreak asia. market coverage continues. standby for bloomberg. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. rishaad: 9:00 a.m. in hong kong and singapore. 8:00 sunday night in new york city. i am rishaad salamat. sydney. am haidi lun in this is

"asia's become more important, "and that we need to put more resources in asia." - it's the u.s. presence in the western pacific that enables china to rise peacefully without destabilizing the region, and that's why i think the balance in strategies is actually a good policy. - the pivot to asia was actually supposed to happen 25 years ago. - our two nations have a special role to play in the world, and a special relationship. we've got great responsibilities and also great possibilities. and my administration hopes to work with you to build this potential into a greater reality that will help make this world a safer, more peaceful, more prosperous place for us all, for today and for generations to come. - after the berlin wall collapsed, there was a call we need to focus now on asia. but remember then that saddam hussein invaded kuwait soon after, and then you had 9-11, invasion of afghanistan, of iraq, so this is a long time coming. it's very natural policy evolution. after all, asia is the organizing principle of the world economy, to a large extent. - china has certainly reacted to th

♪ >> the trump tour of asia reaches its final stop. the president is in the philippines. >> the white house is offering to play peacemaker in the south china sea. thetime disputes will be on agenda. >> nearing a big investment said to be worth $10 billion could be signed within hours. alibaba singles' day shopping spree generate record sales of $25 billion. >> just unbelievable. hello from sydney where it is just past 9:00 a.m. we are one hour away from the open of asia's first major markets. >> seemed like everything was for sale during singles' day. just after 5:00 here in new york. another busy week of course. the last leg of president trump's two were in asia. one of the big movers is expected to be alibaba. just a reminder to our viewers of what happened on friday, we ended that longest winning streak in u.s. markets since 2013, an eight week long winning streak ended on friday. nasdaq and dow down, much unchanged. some of the biggest tech shares were among the biggest losers on friday. this week will bring a lot of news including

you are watching "daybreak asia ." senate republicans are scrambling to salvage their tax proposal after a key compromise collapsed. rule makers rejected a so-called trigger proposal, designed to win support. at least three holdouts had tied their votes to the mechanism which would have raised taxes automatically, if revenues were not met. john mccain indicated his support. he helped scuttle the appeal this year. the trump administration is asking for other economies to offer a response to china's slow embrace of market principles. washington seeks beijing's help and corralling north korea and follows the period where the president scales back his public criticism of china. the treasury said it is concerned recent economic liberalization has slowed or even reversed. >> they are putting too many of their marbles in state-owned enterprises, in the party structure. we know what they are doing is not working for u.s. workers. that is the impetus for the change. >> chancellor merkel held her first meeting with the social de

they're with us our innovations magazine for asia. africa every week and always looking to the future on d. w. dot com science and research for asia. after twelve days of talking trade u.s. president trump bids farewell to asia waiting in washington more disturbing revelations about his campaign's connections to the russian not accept and reject accusations.

it's not over in asia. daniel how can you how can you have industrial jobs if you don't have a plant i mean they're gone they're empty their shells all across the country ok again i can't fathom this here gilbert lee change gears here one of the things that's really quite interesting i saw an interview with the japanese prime minister and our viewers may or may not know but there's a very heated debate going on in japan about its pacifist constitution and listening to when he was speaking with fox news i got a bit of a sense that you know the japanese are basically saying to the united states is that we can defend ourselves is necessary and we really don't need your arms ok i mean there needs to be a legal change and that seems to have traction in japan and then the then the japanese again what seventy five years after the after the fact become a military power in asia of course not a lot of people in asia would like that but it might suit japan's interests quite well because if you see indecision in the wh

good morning, asia, hello, world. this is tuesday, glad you could join us for another exciting addition of asia business report. we start off with apple. the attack but he must has responded to claims from paradise papers, that it has a financial structure that allows it to avoid billions of dollars in taxes. after its controversial practices will crack down upon in 20 15, apple moved its holdings to jersey. earlier i spoke to a technology correspondent and asked him what apple are saying about these revelations. it seems that there will move may not have lowered that sustains a low—level. discredit me about their tax arrangements in ireland and it has moved its tax residency tojersey ireland and it has moved its tax residency to jersey and that ireland and it has moved its tax residency tojersey and that means it has been able to maintain this low level of tax. apple put out a statement this morning in silicon valley. they were reiterating some of the things they said in the past when their tax affairs have been un

fund d w dot com science and research for asia. this is the news live from berlin u.s. presidents donald trump has arrived in the new era for the r.c.n. leaders so mass it's also the last leg of the president's asia tour and all eyes will be on him and how he deals with the president of the philippines rodrigo detest and also coming up. spanish prime minister mariano rajoy visits barcelona for the first time since imposing direct rule on catalonia and as regional elections looms for hoylake spain's economic recovery to removing pro independence parties from power. and arnold schwarzenegger speaks hours at the u.n. climate summit here in germany the former cast of the big former california governor says environmentalists need to do more if they want to terminate global warming. i was on a welcome to the program u.s. presidents donald trump has a rives in manila on the last like of his official tour of asia it's the longest trip by u.s. leaders to the region and decades and has an ambitious agenda he was welcomed to the philippines b

we talked to delta asia next. this is bloomberg. ♪ ♪ this is daybreak asia, i'm betty liu in new york. yvonne: and i'm yvonne man in hong kong. red hot have surpassed the heated days of the.com boom's. this, hitting a record of $4.2 billion. plus, gaming company razor. ceo joining us here. iphone fever certainly back. -- you're saying there is no tech bubble yet. what is different this time? no bubble there is yet. at least the bubble is not big enough to burst. bubbles,ngredient for is a paradigm shift. and new evaluation methods. it actually helps to testify evaluation. at this time i don't think there is a shift yet. there is no new valuation method. bubble has a paradigm shift because of the internet. -- we don't have this yet. yvonne: you think the tech frenzy has further to go in hong kong. >> when they talk about $.10, they use things like stickiness, daily active user, or active hours. -- this kind of fancy terms have not been used -- so there is still a way to go. yvonne: take a look at how the stock

build up infrastructure you know they're going to control central asia and east asia economically everybody's already within the grips that sways the philippines said they walked away from us they said china we're with you you know help us build our economy so they are gradually becoming the regional power in economically the global power but the internationalization their armies the new thing they know the deal some bond they're trying to internationalize this in the big strait you know there's thirty countries now holding r. and b. as a reserve asset and it's just going to continue to grow from here yunus the international arm be it compete with the dollar in and i think out my estimate by twenty twenty five twenty thirty when we get in the united states when we get the thirty forty trillion dollars in debt. that's when the game's up set a foot that the context the u.s.s. carl a just under are about twenty trillion dollars and that they're saying when we hit forty to fifty trillion dollars in debt and any hope of ever being out of debt permanently put out of range then china simply walks an

president donald trump is off to asia for a five country tour on the agenda promoting trade and webbing up pressure on north korea but as the president boarded air force one no one seemed quite sure what to expect. just read i got someone you're coming with us we look forward to it protocol and stage it is everything we don't really like to tell what we're thinking and out loud it's because we try to respect what other people think you. expect the modulation and the language doesn't work yes well i don't i think the president would watch which is like we have if you notice we do that we'll be talking about great. good about north korea. that he can look at what you guys she's dated i know we have seen some signs of easing of tensions and some remarks that me and a cafe tensions here. one of the favorite i would caution the president against any kind of tweeting while he is in east asia was going to hurt. a lot of good will. also coming up a new species of primate has been discovered in the remote jungles of indonesia will introduce you to the newest member of the family coming up live d

president donald trump heads to asia with north korea top of the agenda on the way trump and his wife stopped in hawaii and paid homage to the servicemen who died in the japanese attack on pearl harbor in world war two we'll find out what the world can expect from the asia tour also coming up iraqi and syrian forces taking back two towns from so-called islamic state the group has now lost almost all the territory it seized three years ago. hello and welcome i'm marrying evanston and it's good to have you with both u.s. president donald trump is set to embark on his landmark tour of asia a five nation trip will be the longest by u.s. president in more than twenty five years trump is currently in hawaii but on sunday he'll fly it to japan where he will have talks with japanese prime minister shinzo abi now from japan he heads to south korea where talks about north korea's nuclear program are expect. to take center stage after that out on to china where he'll hold talks with president xi cian ping is next stop will be vietnam there he'll attend the asia pacific economic cooperation or ap

are onto asia. i want to bring in another reporter to the conversation, because we know there is going to be a busy week of earnings with japanese banks. missable international reporting, the biggest of the lenders in japan. let's bring in the bank reporter here, who has more. what are we looking for in these results? ande have been talking to analysts over the last couple of weeks and the average estimate of the income will be ¥150 billion. that is down from the same time last year. there were some reports saying you get these things from time to time, and it could be higher. this is down year on year. so now the problem, it is the core business, making loans and deposits. it has become less and less profitable because of the negative interest rate policy squeezing the margins. the bright side, the middle east has been coming up better this time. you had major deals overseas which rate -- might have helped. we had some big returns with companies like sharp. they could call back reserves there. for

director of the asia program at the wilson center. and you can find out more about the wilson center at wilsoncenter.org. you can follow abe and the wilson center on twitter. thank you so much, for joining us today. on his way to asia, president trump stopped in hawaii where he received a briefing from the u.s. pacific command and spoke to reporters, as well as the commander, harry harris.

, particularly east asia. how does he assuage that concern? >> if there is perhaps a ceditive sign here, i noti that peter navarro is not listed as a traveling member of the , and peter navarro is the chief architect of a very protectionist, very economic nationalist trade policy from washington come a from the white house, so he is not making the trip. ,'m not sure what that means but that might be an indication the language will be toned down a little bit. we will have to wait and see. the other thing is let's wait and see what robert lighthizer says, any comments that come from him. he will be an observer in this sidebar tpp 11 meeting, so we have to wait and see. it is very difficult to predict anything that will come out of the trump white house. it has been very inconsistent. we just got this breaking news of the pboc conducting a 3.2% lending ,peration, a big number unchanged from the previous operation. reverse repo they often put in each state. tpp.ng back to i want to bring this comment up essentiall

being involved in asia. but they are a bit puzzled by the administration's approach. , now theichael froman council of foreign relations. thank you for joining us. have warnings may that russia -- of russian manipulation on his platform. that is next. this is bloomberg. ♪ ♪ shery: this is bloomberg markets: balance of power. vonnie: i am vonnie quinn. cyprus is said to give the former trump campaign manager paul manafort's bank records to robert mueller's team into the investigation in the u.s. election. we knew the government had been asked and now it is responding to a june 7 request from investigators for records. only a small part of the request has been answered. it is unclear how much of this new information is new and how much you might open additional drawers in the mueller probe into the 2016 election. details of expensive money flowing from cyprus to the u.s. it does not identify sources of millions of dollars channeled through the company. cyprus government and the government bank and company

and that is john woods, cio of credit suisse asia-pacific. you can catch up with all of our interviews today using our interactive function tv . and getatch us live into the charts, securities, and bloomberg functions we bring up on our show. for the wtoonomist joins us later life. if you have any questions for him, send it to us and we will try to get that into the conversation. this is for bloomberg subscribers only. check it out at tv . stay with us. this is bloomberg. ♪ david: you are watching bloomberg markets: asia. .> heady days ahead david: a lot of these guys are in precarious situations. you are faced with clients used to 20% returns. you have to temper those expectations but as good as we are we are not likely going to turn out the same kind of returns. a price chart. it is a percentage return. 20% and we have a month ago. this hides the fact that you have underperformers. when you go to 2018, it makes you think, what is normal? when you look at the past 50 years, a good equity year is eight to 12%. >> let's not forget th

donald trump is now in asia. the longest trip of his presidency that takes him through these five countries. this is chart for a 34. he landed inthe longest japan. his first stop where he played golf with shinzo abe before formal talks on north korean containment and u.s.-japanese free trade. after that, south korea, china, and vietnam, and possibly meet with president putin. in the wrap up his trip philippines and a one-on-one with the filipino president. trade will be a major point of discussion, as well as friction. it turns out that four of the five countries are also on the with alist of countries trade deficit with the united states. r functione ect looking at trade deficits. , then japans here at number four, vietnam at seven, and south korea at number nine. let's look at u.s.-japan trade. this is 7827. in blue are you as of japanese goods. in white are japanese imports of u.s. products. the worth of u.s. exports is roughly double that of japan. in red, the u.s. deficit stands $5 billion. to balance that o

trump: in asia, our message was clear. america is here to compete. sharyl: but are we competing on even ground? we travel to three nations in southeast asia to see how china's plan to spend $1 trillion building connections between asia, europe, and africa may be putting them in a position to control trade and dictate terms. is what china is doing the biggest global outreach by any country, you think, of all time? chan heng chee: i think the united states should pay attention to this. >> airplanes aren't an occasional sight anymore. they are common. lawmakers worried that smaller, rural towns might be forgotten as airlines moved to larger, more lucrative markets. so, they approved the essential air services program. rep. tom mcclintock: it's the least essential program in the entire federal government. sharyl: for over three decades, country music singer travis tritt has turned out records and turned up on stages across america. but that may not be his biggest success. travis tritt: in the early part of my career, i had an opportunity to do a video, a

welcome to "daybreak asia." president trump says world leaders are treating america with a long-lost respect. softbank may invest in saudi arabia. they could see a new high-tech city on the red sea coast. sending badge of honor, tencent to a blowout quarter, enjoying its fastest growth in seven years. and self driving cars, the future is on the line. we're live it baidu world in beijing. ♪ yvonne: it seems like the stress of the markets easing off a bit, which is a good sign. it is how you read the sentiment. is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books? it seems traders are using this opportunity to buy. betty: it seems to be the mantra you keep hearing these days. adding to the media mentions of buy the dip. these markets have been going up and up it is about time for a correction. it would not be a surprise. he seems to be in that camp, once we see a correction, it is time to buy into these markets. we will