this test comes about 72 hours after president moon of south korea, the new south korean president was sworn into office. this is significant because president moon has taken the power on what's known as sunshine policy a policy of engagements with north korea, something that was strikingly at odds with the policy not only of the united states but under the obama administration, at least but also of the previous south korean administration. so, i think what north korea is now signalling is that this is not a challenge that anyone will be able to solve easily. it will not be something that the trump administration itself can solve. certainly not something that china alone can solve which your previous guest was speaking to. even renewed from the south koreans we learned with this latest missile test will not be a quick fix in what remains to be an enduring challenge. >> are these missile tests in the mind of kim jong-un meant to be an absolute provocation even amid what you just say the president of south korea changing that country's attitude towards its approach to its neighbor and ch

positive thing for whoever the south korean president is. perhaps they don't realize the impact that south korea does and can have. john: thank you very much. i hope you found it a distinguished destine leading discussion. please give them a round of applause. [applause] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2017] >> south korea pozner president, moon jae-in, inaugurated earlier today and said that he's open to under theorth korea right circumstances. you can see this whole thing available on a website at c-span.org, search for u.s. korea relations. in just a moment we will take you live to the white house and you will hear a bunch about james comey and the firing of the fbi director yesterday. the hill writing that democrats are threatening to slow things to a crawl. they write the durban launched the effort by objecting to the senate gop's routine requests to allow 13 committee hearings to ta

jobs these well-educated young south koreans want to do. these are the two major issues facing the new president on the local front. >> according to the latest exit polls, victory is seen for the liberal candidate. official results still a few hours away. tensions have been escalating with north korea in recent weeks. i was the next president going to handle relations with foreign relations with the north and japan in particular? >> south korea is facing a triple threat of the genetic issues now with the united states -- can the new president get on board with the trump administration's north korea policy which is fairly opaque? he's got one thing in his favor -- he said he will like to talk to north korean leader kim jong-il a un. korea's of china, south largest trading partner, there's a diplomatic problem -- the chinese are unhappy with the south koreans and americans deploying an antimissile shield. neighbor, japan withdrew its ambassador for several months over the issue in terms ofncil -- diplomacy, the next president has a very heavy

of the south korean policy. so that's going to be interesting to see how north korea responds whether they can open some space. but if they do i think of a dialogue, i think they will start with humanitarian issues and maybe focus on some of the family reunions and kind of build up from there. there's ambiguity i think that is related to the denuclearization issue. it is an essential objective as far as i can tell, but it may or may not be a precondition. and i think that a lot of the advisers seem to want to get back to simultaneous action, which of course north korea is the one that stepped away from simultaneous action when they left the six party framework. then there's also the challenge of north korea wants to talk to the nuclearization with the united states and get i think over the course of the past decade, the denuclearization has become an issue that south koreans broadly speaking fuel they have a stake in. the administration cannot escape finding ways to address that as a part of their process for mo

you want to be purposeful and talk to the south koreans about it. you want to make sure there are no mixed signals. you want to talk to the japanese and oh, by the way, you might want to share it with the american people who might not be quite up for another war right now. there are a lot of things to go into his decision of whether to launch a pre—emptive strike against the north korean facilities, even if he feels it is absolutely something he has to do to protect the american people. lets change tack. if we are to avoid the doomsday scenario of missiles flying across the sky, then the chinese are going to be a pretty major part of any diplomatic shift here. do you see signs, again, that the donald trump style, and we have to remember that president xi has already been to florida hobnobbing with president trump, do you see signs that the chinese, in a sense, are reacting more positively and proactively to the trump style than they were to 0bama's, on north korea in particular? i think that is fair. i think the chinese like the decisiveness of tr

i think at least in my view it's a question of south korean's f sovereignty. if you're willing to negotiate that way with china you're willing to negotiate anything away. they have tried to offer technical briefings and they refused. how can they talk about it and he turned it down. they know it's not only false, it's disingenuous. i think it raises some concerns. >> i mean we agreed before that the election was basically based on domestic issues. in terms of domestic policy he has proposed ways to restructure the conglomerate. he wants to spend more public funds and creating jobs before you reduce the unemployment in that sector and to spend more on infrastructure to stimulate the economy. >> how effective do you think or can you be in getting that legislation crew parliment? >> he obviously needs cooperation. the other aspect of the current situation in south korea is when the park administration came in national assembly reached an agreement that nothing would move forward unless all of the parties have consensus or unless a single party can mobilize 60%. s

he also talked about -- the south korean people do not understand and so this is why the south korean people are concerned about the possibility issues and maybe the korean peninsula. i believe the u.s. and north korea resolving the nuclear issue, but it is still necessary resolve the uncertainty and coordinate very closely between the two countries to let me stop here. mark: mike, i put you last the current -- because you would enlighten us even more. michael: as my co-panelists discussed earlier, missiles play a paramount role in north korea's statecraft and its means to ensure its survival. it is probably the preferred means for delivering a nuclear weapon. missiles also have a conventional capability and in principle, they could be armed with chemical or biological weapons. though, i would argue artillery is a much more effective means for delivering the two, biological or chemical agent. they can range seoul quite easily that way. i would not expect anything other than nuclear. in the headlines over the last 3-4 years since kim jong-un has come to power, we have seen north korea

with four major companies comprising 60% of south korean's gdp, a person's success in life is determined by the size of the firm they work for. new graduates as well as continuing job seekers are applying for major firms heating up competition. only one out of more than 700 applicants will be accepted by the very top firms. abandoned generation has become a buzz word referring to young people who had to give up something important because they couldn't land desperation radio, an online radio program that began in august, 2015, has become the talk of the town. [ speaking foreign language ] >> this woman became an act activity two years ago. se she started the radio to discuss the plight of the young people. [ speaking foreign language ]hes the plight of the young people. [ speaking foreign language ] during the program, d.j.'s read out letters from young people about their frustrations with society and their life in poverty. the program offers no criticism or advice. they say the most important goal of the program is to convey reality and raise awareness of their problem. [ speaking forei

south koreans who live within artillery range of north korea. 0nce koreans who live within artillery range of north korea. once they strike south korean civilian centres, then what does the us do? does the us then retaliate for that because the south koreans it certainly will. and then we are into a second korean war. that's a pretty big step. that's not something you wa nt to big step. that's not something you want to bluff your way into. you wa nt to want to bluff your way into. you want to be purposeful and talk to the south koreans about it. you want to make sure there are no mixed signals. you want to talk to the japanese and oh, by the way, you wa nt to japanese and oh, by the way, you want to share it with the american people who might not quite the offer another war right now. there are a lot of things to go into his decision of whether to launch a pre—emptive strike against the north korean facilities, even if he feels it is absolutely something he has to do to protect the american people. lets change tack. if we are to avoid the missiles flying across the sky and the chin

we're live on c-span at the korean economic institute in washington for a look at the south korean presidential election. the new south korean president sworn in today, taking his formal oath of office and saying he would be willing to visit rival north korea under the right conditions. they will be talking about the future of u.s.-korea relations in this discussion of the korean economic institute. back to the white house for a moment. video from the oval office today. we are likely to hear more questions about the firing of james comey. we will have that would for you as well here on c-span. [indistinct crowd noise] >> here on c-span we're live in the korean economic institute in washington one day after the election of moon jae-in as the new korean president. they will be talking about the future of u.s.-korea relations. the associated press reported the new president moon jae-in said as he took the oath of office he is open to visiting rival north korea under the right conditions to talk about its aggressive pursuit of nuclear missiles. 's softer moon stance could create friction with washi

i think the strikes for the north koreans and the new south korean government that is much more liberal it shows both sides theirs was often the trump administration and in the congress with which he is working. it's a phenomenal period in u.s. foreign policy frankly. tom: is this new leader going to not ruin but certainly diminish the efforts as you describe what donald trump has done in the first 100 days has been absolutely amazing. is it all going to be forgotten with the south korean leader saying let's be friends? >> i don't think so because as we will talk about president trump's embarking on his first foreign policy venture abroad to talk about what he means by america first and how it affects the rest of the world. he is building allies in a way that general mcmaster describes on his upcoming trip. i thought he spoke to the attempt by this administration to not tie itself to any one nation but to build a broad base and diverse coalition of states that want to bring tolerance and corporation. south korea won't be able test the united states in this effort that is incredibly ambi

so this is why the south korean people are u.s.-chinabout issues and maybe the korean peninsula. and norththe u.s. the nuclearing necessary it is still andolve the uncertainty coordinate very closely between the two countries to let me stop here. mark: mike, i put you last the current -- because you would more.ten us no even co-panelistsy discussed earlier, missiles play a paramount role in north and its meansraft to ensure its survival. it is probably the preferred means for delivering a nuclear weapon. missiles also have a conventional capability and in could be armed with chemical or biological weapons. though, i would argue artillery is a much more effective means for delivering the two, biological or chemical agent. seoul quitenge easily that way. i would not expect anything other than nuclear. in the headlines over the last 3-4 years since kim jong-un has come to power, we have seen north korea conduct a large number of missile tests. i think it is somewhere in the never heard of 75-78. it depends on how you count them. some

finally, let's take you live to the south korean capital where a new president hasjust been south korean capital where a new president has just been sworn in. south korean capital where a new president hasjust been sworn in. he has just won 40% of the vote, almost double his nearest competitor. it was the highest election turnout in many years, the start of a new political era. after almost a decade of almost conservative rule, moon jae—in faces multiple challenges from the aftermath of the corruption scandal that toppled his predecessor and the tensions with north korea. it is expected he will take a much less confrontational approach with the north. he is a human rights lawyer. president moonjae—in, just taken office as the new south korean president. much more any time on all the news on the bbc website and you can reach me and most of the team on twitter. and for watching. hi there. we had some glorious sunshine yesterday across western parts of the country once again. these were the clear skies in abersock, north—west wales. we have had a lot of sunshine over the last few days

south korean vote rs have —— and dealing with. south korean voters have their issue, they are concerned about jobs and their livelihood but in terms of the broader regional and global stage, they are concerned about not having they are concerned about not having the strong presence in the blue house to either stand up to the us president all to work with him. global security issues are playing a big role bigger than normal? north korea, for example, always plays a role in these elections. it is interesting that this election, if the front runner, moonjae—in, wins, it will mean a shift in north korean policy. hardline policies have been in place. but we would see a change. he has been very pro— engagement and has had a different attitude. we may see that change and also a different relationship with china and the united states. there you go, in terms of ramifications for the region, in terms of dealings with the us and north korea. we will be covering this all day. the result is not expected until white late local time. the pol

yes, people here in the south korean capital are waking up toa south korean capital are waking up to a drastically different political landscape. moon jae—in, the to a drastically different political landscape. moonjae—in, the former human rights lawyer, has been chosen as the new president and it's a stark rejection of the conservative side of politics following the arrest of the former president, park, who is now sitting injail, waiting for trial on corruption charges. everyone is waiting to see what kind of relationship the new president will have the us and japan, who basically favourite a more tough talker with north korea and the anti—missile defence system. yes, well, it could be quite a tense relationship. we are waiting to see what happens for example with the thaad anti—missile system. he was critical of it, saying it shouldn't have been put in place. it remains to be seen as to whether he will move to dismantle this. today we will start to see what kind of leader he will be because, for example, he will be heading to the national assembly and will head to the natio

the economy is weighing heavily on the mind of south korean voters as they head to the polls. unemployment among young people and corrupt business practices in "chaebols" our summer of the reasons that south koreans are frustrated. our asian business correspondent explains what she feels that the concerns are. top of the mind for young people it is unemployment. the unemployment rate is close to 10% and many people are feeling like the system is unfairly stacked against them. they blame "chaebols", family run conglomerates they said dominate the economy and did not create newjobs and effectively squeeze out small and medium—sized enterprises. they say there is no innovation, opportunity for people to find work and they wa nt for people to find work and they want something to change. for people to find work and they want something to changem for people to find work and they want something to change. it has really been a very competitive election. more than ten presidential candidates and at the centre of theircampaign our candidates and at the centre of their campaign our ref

i think the strikes for the north koreans and the new south korean government that is much more liberal it shows both sides theirs was often the trump administration and in the congress with which he is working. it's a phenomenal period in u.s. foreign policy frankly. tom: is this new leader going to not ruin but certainly diminish the efforts as you describe what donald trump has done in the first 100 days has been absolutely amazing. is it all going to be forgotten with the south korean leader saying let's be friends? >> i don't think so because as we will talk about president trump's embarking on his first foreign policy venture abroad to talk about what he means by america first and how it affects the rest of the world. he is building allies in a way that general mcmaster describes on his upcoming trip. i thought he spoke to the attempt by this administration to not tie itself to any one nation but to build a broad base and diverse coalition of states that want to bring tolerance and corporation. south korea won't be able test the united states in this effort that is incredibly ambi

anchor: south korean markets closed here today. let us get to the first word news with nina melendez. nina: former white house officials say president obama warned his successor against hiring general mike flynn as national security adviser. the revelation comes as a former acting attorney general told the senate's committee that she feared that flynn, in her words, "could be blackmailed by moscow." she was testifying about budget interference in last year's presidential election. the u.s. navy says it will continue to contest beijing plus claim to most of the south china use andsisting a pa patrols did not mean the disputed waters are a lower priority for washington. scott swift told the briefing in singapore that the changing administration naturally meant disruption, but there was no change in overall policy. china's biggest soft drink maker says it is worried about being watched from u.s. takeovers as it looks to growth through buying abroad. a company is in negotiations. the chairman told the trump us that heion -- trump admin

all i knew about south korea was from north korean books. it was described as very poor. >> many north koreans that negative south korea find themselves in a completely different world. that is why initiatives like this one are so important. after having gone through the ordeal of playing, many north koreans when themselves racing a very different but no less a challenge that are integrated into south korean society. >> they know how hard it is for many north koreans to fit in when they first arrive. >> people monitor one another. one spies on the other. they are so used to keep an eye on each other that they don't trust relationships. north koreans would not trust what south koreans say. even at the church, they don't trust people. is the most difficult part. it is hard for north koreans to build that trust and that his wife their relationships often fall apart. in the community, north and south koreans can get to know each other. it is the best way to overcome the prejudices that have been fostered by political interests on both sides in t

an even though the new south korean president spent a good deal of time on the campaign trail talking about his desire to have some dialogue with the north koreans, frankly speaking, i don't think they really care and so this is the result. >> sreenivasan: what are the interests in north korea right now? i mean, we seem to hear that at least there is some diplomatic gesture to the united states to try to get talks going but neither side can agree on what the preconditions can be to get those talks to start. >> frankly when the u.s. talks about preconditions what they are trying to say is we will talk to the north koreans on the basis of getting rid of the nuclear weapons, something they already agreed to, way back if 2005. when the north koreans say they will talk to the u.s., it has to do with one nuclear power to another. >> sreenivasan: does the relationship that the united states has with china and russia, are they strong enough to have leverage on north korea? because it doesn't seem to have been working so far? >> well, certainly president trump has invested a lot and a really s

south koreans begin to choose their next president. could a surge in younger voters signal changing attitudes towards the north? an amazing story of survival. a surfer lost at sea for more than 30 hours, describes the moment a helicopter crew spotted him. and then turned it around. and then they saved my life. this is bbc world news. it's newsday. good morning. it's 7am in singapore, midnight in london, and 7pm in washington, where the us house of representatives has narrowly passed a republican party proposal to repeal barack obama's affordable healthcare act. after suffering an embarrassing setback in march, president trump finally notched up his first major legislative victory. the vote in the house of representatives was tight. 217 to 213, with no democrats voting in favour. but quite how quickly this bill becomes law is a very different matter, as it still faces steep hurdles in the senate. here's our north america editor, jon sopel. the moment itjust after two o'clock this afternoon in washington when trumpcare this afternoon in

lauren: in asia, the south korean cost is closer election day a south korean voters take their next president. and japan, the nikkei edged lower after yesterday's 2% gain. nicole: oracle of omaha with america and i'm president trump. we'll have it all for you. >> the big earnings news out today will likely come from the magic kingdom disney. but espn's cord cutters drag down disney's overall results? we'll tell you what to expect. nicole: golden state warriors eliminated the utah jazz. in the the hockey playoffs, the washington capitol dominates the penguins forcing game seven in a series you will have all the highlights. lauren: 5:31 a.m. in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: president trump criticizing elliott's testimony saying sally yates had basically extremely unhappy today. and a congressional hearing coming at talked about her attempt to monitor white house a former national security adviser michael flynn after he missed the talk officials about us contact with russia's ambassador. >> not only do we believe the russians knew th

a lot coming up, the south korean elections. throughone guess coming . he will be talking about the key challenges here, especially when it comes to the markets. we are expecting an improvement in corporate governance and south korea, so will that come in the form of a payout and will that payout ratio increase? ,hina trade could come out commodities in china. we speak with the head of the international, global head of commodities at boci up next. this is bloomberg. ♪ david: we are in the middle of the asian trading session. i am david ingles. in seoul,m shery ahn "bloombergthis is markets: asia." ♪ david: japanese stocks at their highest level in 16 months, new confidence in global growth has concerns in europe ease. a decisive victory in france for emmanuel macron as he promises to heal the divide. it is korea's turn after a campaign overshadowed by tension and demand. china, a gloomy story where stocks are facing the lowest close since october, the clock down on leverage continues. the crackdown on leverage continues. a big day for markets out of

. >> you think it was a message to the new south korean leader? >> yeah, i think -- part of it is trying to establish a position of strength, to show that people are going to have to come to them, to negotiate with them. it obviously has a military testing purpose. that's what the spike in testing has shown us, they are developing their technologies and improving them, whether think succeed or fail. when i reported earlier that u.s. spy satellites had picked up signs of spoke missile movement, it's the same scud missiles, they believe that have failed in recent past tests. we don't the exact projectile that was used here. we don't have all those details, but we did know it appeared they were readying something. if it is a scud missile, does that tell us anything about the advancement of their program. >> no, i think the thing would be if they are testing medium-range ballistic missile technology, solid file from mobile launches, that would demonstrate a real advance metropolitan. we've seen a lot of shorter her range missiles fired from mobile pla

south koreans begin to choose their next president. could a surge in young voters signal changing attitudes towards the north? and an amazing story of survival — a surfer lost at sea for more than 30 hours describes the moment a helicopter crew spotted him. they turned around... and then they saved my life. this is bbc world news, it's newsday. good morning. it is 7am in singapore, midnight in london and 7pm in washington, where the us house of representatives has narrowly passed a republican party proposal to repeal barack 0bama's affordable healthcare act. after suffering an embarrassing setback in march, president trump finally notched up his first major legislative victory. the vote in the house of representatives was tight, though. 217 to 213 with no democrats voting in favour. but quite how quickly this will become law is a very different matter, as it still faces a steep hurdle in the senate. he is our north america editorjon sopel the momentjust after 2pm in washington this afternoon when trumpcare washington this afternoon w

south koreans are also going to the polls. the early election comes after former president park geun—hye became the first south korean leader to be removed from power through impeachment. moonjae—in, who is leader of the newly founded democratic party of korea, is the frontrunner, with the latest opinion polls predicting he will win more than 40% of the vote. from seoul, stephen evans reports. this is the man the opinion polls tip as the overwhelming favourite to be the next president of south korea, moonjae—in, of the left—of—centre democratic party of korea, a big change from the ousted right—wing president. crowd: moon jae-in! moonjae—in! "who's the president," he says, "who'll speak his mind to the united states, to china, to japan, to north korea?" crowd: moon jae-in! moonjae—in! "who's the president who won't defer to the us or china?" if moonjae—in wins power, that would be a big change in policy, a move to the left, a closeness to pyongyang. that is what happened the last time he was in government. bu

that according to south korean officials. this occurred early sunday morning hours there before dawn. the missile going off in the north providence. not many details at the moment of whether this what kind of missile it was or whether it was successfully launched or if it blew up seconds after it went off. it's the latest publication by the regime of kim jung-un. remember the first launch that failed just seconds after takeoff. some think maybe the u.s. had something to do with that. japan said it is strongly protesting the latest launch as a violation of un resolutions. there's no comment from the white house and will bring that u.s. and as we get it. in the next hour we will interview lieutenant general richard. the former air force assistant vice chief of staff. he knows all about north korea from his experience in what we could do to deter the regime of kim jung-un. we'll stay in the story during the next hour. >> arthel: i'm looking for to the general's remarks. next hour, fedex is working to recover after being caught u

the south korean election commission saying that we have seen a record 26% of south koreans head to the polls in early voting, about 11 million people of eligible voters. in the placending where at all started, months and months of protests for the ouster of president park, some against the ouster as well. ashas been a divided nation president park was ousted from office. the top candidates right now are in a tight race. a liberal, centrist, and conservative are fine for the president. competing for the president. they are divided when it comes to dealing with north korea, relationships with united states and china, but also how to deal with reform of conglomerates that own about 27% of south korean business assets. geopolitical issues overshadowed the efforts for conglomerate reform? what has been done so far? geopolitical tensions have always been there, but different this time around, the u.s. foreign-policy is creating uncertainty. president trump signaled he would be honored to meet with the north korean leader last changeo that has been a for south koreans looking at foreign polic

south korean president park geun-hye is back in court in seoul today, facing charges of extortion and abuse of power. she arrived wearing a blue jacket instead of a prison uniform what was -- but was clearly handcuffed. she's accused of coursing big business to funnel millions of dollars to a confidant in return for government favors, the -- jay has also netted y. lee. north korea says it is ready to begin mass production of a new medium-range missile, saying test proved its combat readiness. the missile is allegedly capable of hitting u.s. bases in japan to is quotes, an answer prayer -- president trump's policy. in official statements is more lunches will follow and scientists are continuing to work on future warheads. global news 24 hours a day powered by more than 2600 journalists and analysts in 120 countries. i'm tom mackenzie, this is bloomberg. >> think you for that. we like to bring something to your attention, or interactive tv function, find it at tv on the bloomberg. you can catch up on previous interviews that you may have missed out on, including the one from -- hea

the early election comes after former president park geun—hye became the first south korean leader to be removed from power through impeachment. moonjae—in — who is leader of the newly founded democratic party of korea — is the frontrunner, with the latest opinion polls predicting he'll win more than 40% of the vote. from seoul, stephen evans reports. this is the man the opinion polls tip as the overwhelming favourite to be the next president of south korea. moon jae—in, of the left—of—centre democratic party of korea, a big change from the ousted right—wing president. crowd: moonjae—in! moonjae—in! "who's the president," he says, "who'll speak his mind to the united states, to china, to japan, to north korea?" crowd: moonjae—in! moonjae—in! "who's the president who won't defer to the us or china?" if moonjae—in wins power, that would be a big change in policy, a move to the left, a closeness to pyongyang. that is what happened the last time he was in government. but being closer to pyongyang might make it more distant from washington. there are five main candi

the south koreans also go to the polls. the early election comes after parking and hate became the first south korean leader to be removed from power for korean leader to be removed from powerfor impeachment. korean leader to be removed from power for impeachment. —— korean leader to be removed from powerfor impeachment. —— maddow three. moonjae—in powerfor impeachment. —— maddow three. moon jae—in is powerfor impeachment. —— maddow three. moonjae—in is the front runner, with polls predicting he will get 40% of the vote. steve evans has more. this is the man that the opinion polls tip as the overwhelming favourite to the become next president of south korea. moon jae—in of the democratic party of korea, a change from the ousted right—wing president. translation: juicy president who will speak his mind to the united states, to china, to japan, to north korea. moon jae-in! moon jae-in! who is the president who won't defer to the us or to china? if moon jae-in wins power, that would be a big change in

and japan and the south korean before the security council meeting. was in the position of my government regarding the decision. knows, i'm going to [inaudible] long-range strategic ballistic missile. on successfully carried out may 14 by scientists and technicians in the field of the rocket research. as broadcaster the media, the highly that shows developed usage of science and technology in the feed of dprk is defense by the of great in special significance in ensuring peace and stability on the korean pincer -- peninsula and the regions. forces, the u.s. and its have described this exercise of the right to self-defense as andations and a threat raised the clamor of the sanctions and pressure against .he dprk dprk [inaudible] its forcesu.s. and dprkcall into question the using nuclear deterrence for self-defense. outrageoushanded, interference in the internal andirs against the dprk condemn and -- in the strongest of terms the you and security counsel. -- council. what is more serious is that the u.s. is crying out for sanctions and intimidates the

he claims it entirely favours the south koreans. interesting. thank you forjoining us, sharanjit leyl, in singapore. yvon chouinard is the founder of the billion—dollar outdoors sportswear company patagonia. he started out as a rock climber, making first ascents of some of america's biggest mountains. in his own words, he "never wanted to be a businessman" and even encourages his staff to surf and climb whenever they want. in a rare tv interview he told us about the decline of the outdoors sports business and why he's picking a fight with us president donald trump. my my name is yvon chouinard. i am the founder of patagonia. the outdoor industry is not healthy at the moment. it seems that young people arejust moment. it seems that young people are just sitting at home, playing with their electronic devices and watching television. there are less people in the outdoors and when they are climbing, they are doing climbing ina are climbing, they are doing climbing in a soft way. you know, indoor climbing. so the outdoor industry is not very health

it was to strengthen the spine of the south koreans. we have had concern about this incoming president and to work with north korea. the second thing we are very concerned about --dash. arthel: explained that for me. you say there is concerned that the new president moon would be willing to work with north korea, but not in a secure manner? >> what we are concerned about, as i was about to say is that the missile system, the high altitude anti- ballistic missile system that we are installing in south korea, moon has made comments about not wanting that system in south korea strengthening the south korean defense. that is the point i'm making about security. we want to keep that missile there because there is no other system that can defeat a ballistic missile. that's very important we believe to the security of south korea on an entire peninsula strategy. there are challenges down the road, and i think very early on we will find one of our key cabinet officials visiting this president to have a face-to-face and find out where his head t

that is huge change of tone when, just a month ago, the south korean foreign minister was saying, should there be another nuclear test, the sixth test, it would be met by unbearable sanctions for north korea. this is a softening and it's particularly going to affect japan where the president is moving away from the pacifist regime. let us now talk about pret a manger. british firm, british founders, started in the 80s. casual dining. it is a shame if you are a bit and to see and hear. it is only speculation. thank you for taking us through the news. we are back with the latest news headlines and business next. hello there. after the dry weather that we have been experiencing for days and weeks now, there is finally a change on the way, courtesy of these lumps of cloud, which have been bringing some quite vicious thunderstorms across spain and portugal, now on the march northwards. so many of us will see some showery rain and perhaps some thunderstorms over the next couple of days, and with that, a feed of warm, southerly winds, some humid air moving in our direction for the end of the we

well it's not only the french — south koreans are also going to the polls. the early election comes after former president park geun—hye became the first south korean leader to be removed from power through impeachment. moon jae—in of the newly—founded democratic party of korea is the frontrunner with the latest opinion polls predicting he'll win just over 40% of the vote. from seoul, stephen evans reports. this is the man that the opinion polls tip as the overwhelming favourite to the become next president of south korea — moon jae—in of the left—of—centre democratic party, a big change from the ousted right—wing president. crowd: moon jae-in! moonjae—in! "who's the president," he says, "who will speak his mind to the united states, to china, to japan, to north korea?" crowd: moon jae-in! moonjae—in! "who's the president who won't defer to the us or to china?" if moonjae—in wins power, that would be a big change in policy — a move to the left — a closeness to pyongyang. that's what happened the last time he was in government. but b

south korean officials say north korea fired some type of ballistic missile. alexander field is following all the details. we understand now the white house is aware of what happened. what more can you tell us? >> reporter: what we know is that the north korean regime is proving that it is absolutely powerless to test these ballistic missiles t. latest launch we are told traveled 700 miles before landing in the waters east of the peninsula. they say it has a shorter range than the three previously tested. but they say this system was tested back in february. this is raising alarm in the region as the missile tests do. we know that japan and south korea have both convened meetings of their national security council. you will expect to hear the latest provocation in the after math of those meetings, but, george, this is certainly something that has become routine in this part of the world. it has been just one week since pyongyang conducted the last missile launch. >> that launch regarded as the most successful launch, not only inside north korea, also by analys

south koreans are also going to the polls. the early election comes after former president park geun—hye became the first south korean leader to be removed from power through impeachment. moonjae—in, of the newly founded democratic party of korea, is the frontrunner, with the latest opinion polls predicting he will win more than 40% of the vote. from seoul, stephen evans reports. this is the man the opinion polls tip as the overwhelming favourite to be the next president of south korea, moon jae—in, of the left—of—centre democratic party of korea, a big change from the ousted right—wing president. crowd: moon jae-in! moonjae—in! "who's the president," he says, "who'll speak his mind to the united states, to china, to japan, to north korea?" crowd: moon jae-in! moonjae—in! "who's the president who won't defer to the us or to china?" if moonjae—in wins power, that would be a big change in policy — a move to the left — a closeness to pyongyang. that is what happened the last time he was in government. but be

south koreans vote for their leader. we are live in seoul for the latest. manus: the ubs chairman tells bloomberg. >> my expectation is that in june they will remove some of their devices they have in the language. theirey will taper purchase program. we will talk about interest-rate movements after that. ♪ manus: welcome to bloomberg daybreak: europe. i am manus cranny. am anna edwards. we have the numbers dropping. the germany industry output falls on weaker demand. production dropped in march versus an estimate of the 0.7% decline, not having as had been feared by economists. exports rose for the thirds consecutive month. we saw encouraging data yesterday and that was around the growth story in the rest of the eurozone. we have german industrial production dropping in march as to for investment gives an energy receded. experts rose for a third month and output adjusted for seasonal inflation declined by zero point 4%. the data, day after that report that showed german factory orders expanding for a second month in march bolstered by 19 nationm the a ar

next to korean politics. south koreans will elect a new president on tuesday. there's a vacancy because park guen—hye was impeached — something that hasn't happened to a south korean president before. there are two main candidates in this election. steve evans can introduce us. this is the man the opinion polls tip as the overwhelming favourite to be the next president of south korea. moonjay—in, the left of centre democratic party, a big change the right—wing president. who is the president, he says, who will speak his mind to the united states, to china, to japan, to north korea? "who is the president who weren't defer to the us or china?" if he wins power, that will be a big change in policy, a move to the left, and closeness to pyongyang, that's what happened the last time he was in government. but being close to pyongyang might make him more distant from washington. there are five main candidates, whoever gets the most votes on election day wins. the us has installed an anti—missile system in south korea to shoot down north korean attacks. left o

south korean military officials saying this is a clear sign, another mess aage to north koreans to build up against further provocations. when it comes to not just deterrence but defense, we are receiving word that the controversial system is operational. you'll remember there was a bit of a back and forth about who would pay for it. the susquehanu.s. is going forw footing the bill, but the front runner is saying despite is the fact the u.s. is paying for it, he believes this is a question that could be revisited by the next president to take office and could still be reconsidered. so still a lot of debate over a system that the u.s. insists is critical to the defense of south korea and the region. >> not so subtle sub text of the politics here. thank you so much. >> another controversial strongman causing headaches for the white house. president trump's decision to invite the philippine president to washington was not expected or planned, according to senior administration officials. we're told the state department did coordinate the phone call between the two leaders and brief the pres

and japan and the south korean before the security council meeting. was in the position of my government regarding the decision. knows, i'm going to [inaudible] long-range strategic ballistic missile. on successfully carried out may 14 by scientists and technicians in the field of the rocket research. as broadcaster the media, the highly that shows developed usage of science and technology in the feed of dprk is defense by the of great in special signifance in ensuring peace and stability on the korean pincer -- peninsula and the regions. forces, the u.s. and its have described this exercise of the right to self-defense as andations and a threat raised the clamor of the sanctions and pressure against .he dprk dprk [inaudible] its forcesu.s. and dprkcall into question the using nuclear deterrence for self-defense. outrageoushanded, interference in the internal andirs against the dprk condemn and -- in the strongest of terms the you and security counsel. -- council. what is more serious is that the u.s. is crying out for sanctions and intimidates the in