the library of congress defines the asian pacific as encompassing all of the asian continent, as well as the pacific islands of melanesia, micronesia, and polynesia. a u.s. census estimate in 2015 found 19 million residents of asian and pacific islander descent with a total u.s. population of 248 million people. in california, asian and pacific americans make up almost 21% of the population. and the bay area census in 2010 found that asians and pacific islanders make up almost 24% of the population, inching above latinos as the largest minority race across the nine counties. abc7's chris nguyen is here now with local apa leaders to talk about important issues affecting our bay area communities. >> cheryl, it's great to be here. i'm excited to introduce you to our panel of guests today. gina su is an actor based here in the bay area. she's the winner of the 2016-2017 miss asian global pageant. next, lan diep is an attorney. he currently serves as a san jose city council member representing district four. and finally, vincent pan, executive director of chinese for affirmative action. he

robert handa: hello, and welcome to "asian pacific america." i'm robert handa, your host for our show here on nbc bay area and cozi tv. we start with a powerful documentary film, "the ito sisters," an award-winning feature about first generation japanese women, the earliest immigrants, and their struggles and triumphs in dealing with farm life, family, civil rights, and interment. then the issue in the eye of the immigration storm daca, as we talk with legal services for children. then the rhyme and reason of immigration issues through poetry, the importance and power of poetry as a vehicle for diverse voices. one forum, the san jose state university legacy of poetry festival, all on our show today. well, here on "asian pacific america," we strive to show as many voices as we can about the japanese-american experience, especially when it includes interment, because each voice has its own unique story to tell. but today, some rare voices through a documentary, "the ito sisters: an american story." with me to talk about this documentary, being ho

treating from the asian markets selling its southeast asia business to main rival grab. and it's practically worth nothing india issues a special one rupee note to celebrate one hundred years off rupee banknotes. but come to business south korea has agreed to cut steel exports to the united states by thirty percent in order to avoid trumps tariffs south korea's trade minister described negotiations with the u.s. as fear but it's fisted his country wasn't in an inferior position the asian country is the third largest exporter to the united states after canada and brazil the pledge to reduce steel exports is part of revisions being made to the existing free trade deal between the u.s. and south korea. need while china's foreign ministry said that beijing was willing to hold talks with the united states to resolve their differences over trade of the weekend china's newly appointed finance minister want washington to rethink its trade policy and threatens to retaliate by hitting u.s. agricultural exports. according to the report the discussions will be led by china's economi

good morning, asian, hello, world. it isa good morning, asian, hello, world. it is a monday, hope you had a great weekend and glad you could join us for this edition of asia business support. i am rico hizon. for this edition of asia business support. iam rico hizon. we for this edition of asia business support. i am rico hizon. we start off with uber and after pulling out off with uber and after pulling out of china, it is now giving up another, selling its business in south east asia to regional rival, grab and. two more, i'mjoined now by my colleague and business reporter. why there retreating from asia? it comes down to money, uber is reducing its footprint in asia because it is such a competitive market and they are not really able to turn a profit. so they obstruct this deal would grab, which is very similarto this deal would grab, which is very similar to what they did in china. this is what we know about the deal so this is what we know about the deal so far, it is that uber is selling its south—east asian business for an undisclosed sum. employees a

and asian-american patients, huh? kathleen: we do. i think part of that is the programs that we've created, for example we have our transplant program that offers out transplant services in hawaii. so, we get a lot of patients from hawaii. also, our access to interpretive services through an ipad and through other technology allows us to speak in korean and speak in japanese, whereas people would struggle with communicating with those families. but they have needs too. robert: yeah, that's the key factor actually, huh? kathleen: and so, we can serve to that population, to those populations, absolutely. robert: yeah, and you mentioned that you have a high percentage of workers who are also asian-american, pacific islanders? kathleen: we do, i would say-- i don't know the exact numbers, but i would say between 40 and 50% of our nursing workforce anyway are asian and pacific islander. robert: any reason for that? kathleen: i don't--i don't have a theory, but-- oh, i do have a theory. i think we're natural caregivers at h

we don't see a lot of asian people. so if you're not white and you go to the movies, you don't have the same experience of getting to say, "oh, i see myself in that person." you don't get that experience of like, "i could be that person," "i could be the hero," and you don't get to connect in that way, so i hope for that, but then also i hope that people, like myself, you know, in the west, more specifically in america and then more specifically white americans, we can get really isolated culturally and not really be exposed to or connect to people who are different from us, so i hope that people, like myself, can see this and can understand someone who's not like that. robert: and actually relate to it. sarah: and relate to them, yeah, because, if we don't understand people, it's easier to--we see a lot of fear, we see a lot of hate. it's easier to cause harm. robert: and trying to tell those stories is kind of like one of the themes of our show and what we like to do, which is why we like to support cinequest. cineque

our an american or asian one? does that matter? >> because israel is relatively small country, we have many companies that are exporters. they look to sell the product to many countries in the world. when we speak with them, sometimes they want exposure to north america. sometimes to europe. in many occasions, they are looking for exposure to asia in the far east. relativelyope is close to israel, people know how to get zero. that is why we decided we believe that most parts of the world are more interesting, with regards to the strategic feeds that they give to tel aviv. because we are running the process, we can either choose to fill the hole 72% to one controlling shareholder. we can do it through various willtutions that everybody have interest in. we can also think about other creative ways. in israel, many of the high-tech companies do not want to be bound. you can do your ipo in tel aviv and at the same time you can do it another selected markets all over the world. we want to make sure that we are in the best position to gi

and personal honors include the asian-american local heroes award from kqed and union bank. welcome to the show. antonia grace glenn: thank you so much for having us.

countries that were not seen in asian countries that were not seenin in asian countries that were not seen in the west which were poorly understood. these included stomach cancers, liver cancer and in places like the north—east of thailand, different types and some kind of kidney cancers in taiwan. what have you found out in your research about these cancers? one thing that links all these cancers in asia is they are caused by very specific environmental exposures. stomach can be caused by bacterial infections. bile duct cancers in thailand are caused by the liver fluke parasite that lives in the freshwater and in taiwan, the kidney cancers are caused by exposures to a constituent in certain herbal medicines. stomach, liver and other kidney cancers only found in asia. why are generally overlooked? by global research is? in general, these cancers, because they have been rarely seen in the west, have traditionally not been focused on by western scientists at in asia, and as he said, in asia, there are many cancer cases, it is our obligation to study these cancers and now we have acqui

with the region and asean, southeast asian's regional trade bloc. - i had an opportunity to go to a regional security conference in singapore and was struck at how many of our longstanding vital allies in the asia pacific are gravely concerned about what they see as a withdrawal of american investment and american primacy in the asia pacific. - in an ideal world, we would be moving more of our resources and our attention away from the middle east and in the direction of the pacific for these long term inexorable trends that we see. - and the reason is pretty simple. southeast asia is the most youthful and dynamic part of a hugely strong economic corner of the earth. - [narrator] it is unclear how an america first approach will impact the market for us goods and services in southeast asia. - we have about 5% of the world's people who live in the united states. there's only so much we can make here and sell to each other. for our own growth, we've got to figure out ways to sell to the other 95% of the people in the world. and that's what trade is all about. - if the countries in south

the nikkei to 25, —— to the asian stock market. the nikkei to 25, -- to 25 the asian stock market. the nikkei to 25, —— to 25 is down. thank you so much, have a wonderful monday, but from now. —— goodbye for now. let's bring you up—to—date on some of our main story is this ally, vladimir putin wins a landslide some of our main story is this ally, vladirr; i"; the twinsa landslide! victory in the russian presidential election, securing another six years in office. he also dismissed suggestions from britain that russia was behind the poisoning of former spy, sergei skripal and his daughter. much of the uk has been in the midst of a second significant snowfall of the winter. for many areas, it's been combined with bitterly cold winds, bringing misery to those who've been travelling this weekend. sarah ransome reports. snowstorms and snowdrift.

to "asian pacific america." hello, and welcome i'm robert handa, your host for our show here on nbc bay area and cozi tv. with immigration and immigrant issues very much on the public's mind these days, we start with a focus on angel island, the under-told story of immigration exclusion and how that resonates in our society today. then a shift to what's happening with those issues now with the angel island immigration station foundation, a community group celebrating its work and the people who do that work with its annual benefit gala and presentation. we'll talk to organizers about that. and along with a community calendar of big upcoming events, we will feature tommy vo tran, an evergreen valley high school student in san jose who scored a perfect, as in perfect score, on the advanced placement calculus ab exam. we're gonna talk to him about his achievement and what he plans to do with all that brainpower. all on our show today. well, we at "asian pacific america" have featured the saga of angel island in man

nejra: we are seeing risk on in asian equities. largely based on the fact we are going to see this unprecedented summit between president trump and the north korean leader. if we take a look regionally, gains of .6% in china. gains in japan on the kospi, pretty broad-based gains across the region. the hang seng up more than 1%. let's take a look at the kospi. there are interesting things happening in the south korean assets in particular. cds drop to the lowest since january. it has already gone above the 200 and moving average. -- 200 day moving average. we have seen a bit of a pulling back in the yen, as the safe haven becomes less appealing. at thiss is showing talk of the yen moving possibly to 100 if trade tensions rise, the implementation of the tariffs softer than what some people were initially anticipating. donald trump opening the door for some wiggle room force or countries. dollar-yen has been falling, even as thep -- yield gap has been widening. question whether yen goes toward 100 or 95. a quick check on oil, holding

as fierce but insists that his country wasn't in a weak position the asian countries the third largest steel exported to the us off the canada and brazil pledge to reduce steel exports as part of revisions being made to the existing free trade deal between the u.s. south korea finally some good news regarding world trade let's cross over to our financial correspondent who's standing by at the frankfurt stock exchange germany's economics minister is looking at a similar way to avoid u.s. steel tariffs what equity markets saying about this recovering slightly. yeah well let me tell you carol this is actually a very interesting and dia and it also means that car companies from the u.s. will be able to export the double amount to south korea without paying terrorists for donald trump remember that cars are always a very important he stated in the past that he doesn't really understand why you see so many asian and european cars on the american roads but not too many american cars whenever he travels abroad and yes peter the new german economist minister seems to be and favor off a similar

let's get over to juliette saly for a look at asian markets. deborah, it is a little bit of a class session. we are seeing a tone of caution ahead of that u.s. cpi report come through. the blue-chip stocks under pressure. a rally in tech players which is similar to what you are seeing asian sector. shops trade tariffs are looking to have little to no effect according to two thirds of the 35 economists we surveyed. we see aluminum continue its downward trend and yesterday market hitting hard by that -- australian market hit hard by that. i mentioned the uptick you have seen in tech players. that is boosting the taiex. a little bit of by coming through in india. interesting to watch the move in gold as we await these reports from the u.s.. not moving too much, down by .2%. let's switch it out. we have been focusing on the japanese yen as we continue to see these developments. the yen has come under pressure, .2%..2% percent -- down this a picture of the regional index, down by .8%. to the downside, it is the imzy players that are coming under pre

it's the first time if a qualified in their existence for the asian cup and that really was what the expanding that the tournament was all about it was during clued these new teams into the tournament that perhaps might not have had a great chance of qualifying in a sixteen team tournament going to twenty four now the have that johnson and co just on and we're seeing a lot of teams from from central asia that took minutes down of qualified for the first twenty minutes since two thousand and four touches down have a great chance to qualify they've got a match coming up against the philippines in manila next week as well so you know we're saying these teams that you know previously have had little chance to qualify on the chance to test themselves against the best teams in asia that they are getting that chance and it's fantastic to see focused on you know they'll be there in january next year at the asian cup and you know they're really get a chance to test where they sit now in the in the grand landscape of asian football i think there's been a mixed reaction to the expansion of the

there is a rally in asian stocks. let us bring in our next guest who was long on asian stocks. he is asian-pacific cio. thank you for joining us. i want to throw up a big chart of what we have been seeing here. we have seen, despite all these political headlines, despite these fears of head concerns, ratings are optimistic. of the 18,000 analysts we have surveyed, more than 60% actually say that stocks are raising right now. is this a positive thing or is it too good to be true? have seen, starting from last year, analysts becoming more positive, especially on asian stocks. asian the main reason, corporate leanings have been disappointing over the past three years. they tend to be more on the cautious side. last year was the first time we have seen companies actually delivering positive earnings. analysts have also been tempted to follow up on this. now you see the trend continuing. more and more analysts have to revise their earnings on the upside. this is a reflection of the positive earnings growth momentum we are seeing here. do you call this all noise, what you're hearing?

getting back to the asian reaction to the fed, you don't inc. we will see a repeat of the taper tantrum? this time it is scenario for rex tillerson. different? >> completely different. the fed has been raising interest rates the past four times. the question is when rather than whether. am sorry it is late to have taper tantrum now. interest rates have been going. the markets have been following along. look at the 10 year and two-year and the united states come all going up, so ignore this. it is a rather win than whether. david: aren't these global concerns? yes, potentially it has not happened yet, whether a trade war or happenings in japan, but these are concerns in asia. doesn't that give you pause? it affects sentiment globally, doesn't it? >> it doesn't. if we say we have political disability in the united states, which weighs does this affect patient markets, i am afraid it doesn't. we have tariffs, but those tariffs affect south korea, china, and nobody else. indonesia, philippines, ok. they are not impacted. increasedlso an interest rat

meantime, it's look at the update on asian markets. >> putting a pen in noble group, but asian stocks are off higher, starting the week and on a positive note. we have bonds falling as trade war concerns are taking a backseat. the tenure treasury yield at 2.9% level. you have the kiwi-dollar leading along with the aussie-dollar, up about 2/10 of 1%. the korean won and bring it -- and ringgit are doing well among asian currencies. we are looking at the hong kong dollar, it has been trading in the weak range. the yen is softer for a third day, 107. it will support games -- gains in tokyo. let's check in on some of the movers in tokyo. i want to highlight japanese electronic stocks, among the biggest moves to the benchmark. automation players rising ahead of preliminary machine tool orders for february. switching it out to check on some movers in seoul. you have samsung climbing for a fifth straight section -- session, but goldman has dampened its enthusiasm for the stock was running estimates cut displays isr oled weaker than expected. samsung's consortium is one of three groups selecte

what is the risk for asian markets going forward? what is your reading? the right now we are in heart of the reporting season. expectations have already been built up. you have pent-up high expectations. what i observe is that you will have a very high quality earnings coming through, but if they just meet expectations, you are at more risk of the stock being sold off. you needed to beat expectations by a healthy. because ratios have been inflated. in the light of where earnings are, earnings disappointment would be one of the other big selloff factors in asian equity markets. a very strong and robust earnings up -- recording season. will do have good quality earnings coming through? anything less i think there would be a probability of more selling. executive director and cohead of asian liquid equities. we thank you for your insights today. if you are a bloomberg subscriber, you can catch up with all of our interviews by using our interactive function and join the conversation by sending instant messages to our our guests and david and i doing our life

guy: let's talk about the asian markets. you are getting a move on the shanghai, overnight in terms of the scale of what we are seeing. that tells you everything you need to know. nikkei trading down by 4.5%. higher, but aing big move on the japanese nikkei overnight. australia feeling the pressure, down by 2%. chinese markets down 2, 3, 3.5%. you have to remember that the chinese are responding to the aluminum and steel story, not the latest $60 billion from washington. in some ways, you could argue this is a cautious response. the brazilian riel trading softer. japanese yen bid this morning. let's show you whether havens we are watching. there is a commodity ingles to what we are seeing in terms of the chinese response. the gold story, we are bid. wei, bit. lumbar commodity index only up by .3%. look at rubber, we are seeing weakness in some agricultural commodities space. let's bring it all together and get you a blue -- first word update with ed ludlow. ed: in washington, the senate has averted a government shutdown by p

it would hit asian growth for sure you're the u.s. will not escape unscathed. we could see cap to tariffs in various countries. u.s. exports.ect we have heard from europe i saw that they may levy some sanctions. this is going to be -- if this escalates and the administration pushes further tariffs -- this could get a lot worse an effect global growth effectively. yvonne: there is a lot of questions about what this actually does to the dollar. people say trade tariffs should be positive when it comes to the dollar. are there em currencies you would be avoiding at the moment? inul: it is a bit ambiguous terms of the dollar. clearly, in the near-term, the dollar might be getting more upside from this, but i think further out west, relatively negative against most currencies, but that said, if we do see an escalation of tariffs, we have got big trading nations in asia. the likes of singapore, korea, taiwan, thailand, could be affected, but at the moment, it looks like the biggest vulnerability's are those countries with direct account deficits that rely on portfoli

in asian. will never leave. this is my country. save the children says that at least fifty thousand children died of famine and disease in yemen last year. a humanitarian crisis that continues and grows worse every day. well maybe not to the united states and authorities in miami florida have now concerned as severaral peope hahave dieied softer needy construct is nine hundred and fifty tom pedestrian bridge collapsed onto highway. it havaven't met florida international university the bridge journey went up on saturday amid much fanfare the accelerated construction methods and that was used was supposed to reduce risks to workers and pedestrians. and minimize traffic disruption we invested officials are urging students and others to stay away from the area. government rick scott says that he is on his way to the sites. the united kingdom is stepping up diplomatic pressure on russia and the use of a deadly nerve agents in engnglish tonsils reeta this month as protestant theresa may visit the site of what she called a brazen attack.

our nation asian when we all draw a a license for the onene you want conflict in scenes. consistency one one two oldn twenty four. sees the. they m may will be. i'm from russisia this is a very very much takes takes. was to be to. saying t that and he's. yes yes.. one one anything that nowow. we want to go to. just just justt justt to for more to be f f you. it was. a sensese thahat fee called. constance mc two you t to tk to that that one one at is going going to close because as i t think i think it's h. deals we. most most of the marshal service. requests a you know you know i state data sources. it's one the one hundred an. nonstop except illegal campn donations libya via a charge charges on your on your to nine i. also says that exis. formal run for president in a class i was. unless they take the corruption in other words what has led to a very very. little except. outsourcing zine alone when the when the machine. former general counsel psychological cessation she was a lot of letters. from asian already ongoing trial to down south fourteen seen by some as a. lawyer

if you look at asian equities, msci asian index snapping four days of gains. this seems to be feeding through from the u.s. session, the concern around foreign policy and other elements, trade as well face in the u.s. after shaking up the administration with rex tillerson gone. let's see the next chart. that came in line with estimates. we did see curve flattening on the back of that. we did not get to that level of theness in the beginning of year. it was a curve flattening trend nonetheless. u.s. to 30 versus the japanese to 30 curve. these curves at the same levels is quite interesting given the u.s. is starting to face higher inflation. japan is facing disinflation. curve in the u.s. does not have much room to flatten. looking ahead to the u.s. equity market open, we saw the last yesterday. teachers are edging lower. individualt american investor sentiment index. it is a survey done on a weekly basis. 45% of respondents had a mutual reading on equity market. in the past, when that has happened, we had again the last time that happened. before that, there w

that's this edition of asian business report, thanks for joining this edition of asian business report, thanks forjoining us. the top stories this hour. president trump announces the us will impose tough tariffs on steel and aluminium imports next week, ina move in a move likely to receive a backlash from china. a woman who killed her a woman who killed her husband has won permission to challenge her murder conviction. sally challen, who was sentenced to 22 years, admitted killing richard challen at their home in surrey in 2010, but denied murder. her lawyers say she was the victim of ‘coercive control‘. charlotte gallagher reports. victory for sally challen‘s supporters. herson, david, hugs her lawyer outside the court of appeal. sally challen killed her husband richard in 2010 by repeatedly hitting him over the head with a hammer. she was found guilty of murder and sentenced to a minimum of 22 years. her lawyers will now attempt to challenge that murder conviction. sally challen‘s legal team say she was the victim of coercive control, a type of psychological abuse that wasn't

he says that he felt that they unfairly discriminated against whites and asian men. he said that the tech giant said code is for hiring minorities and deleted emails and records of the diversity requirements. emily compound neil, a former federal low back federal attorney and the national law of joining, great to see you tonight. i will read a little bit of the complaint, he says that the past several years google has had and implement a clear and irrefutable policy immortalized in writing and consistently implemented in practice systemically discriminating in favor of job applications who were hispanic, african-american, or female and against caucasian and asian men. he went on to say that the policy, the purpose was to get to diversity and manage the public relations problems they were having with about underrepresentation of women and minorities in the workforce. so with that in mind, how do you defend google? >> listen, google is going to make the following case, they are going to say, we only hire qualified candidates and within the pool of qualified candidates,

is the dream of the flying car finally set for takeoff... 7 and on the markets: asian stocks rally as investors welcome news that donald trump is to meet kimjong—un to discuss north korea's nuclear programme. president trump has followed through on his campaign promise and signed an order putting steel and aluminium tariffs in place. the decision is the most significant set of us import restrictions in nearly half a century. whatever the outcome, it will have huge consequences for the global trading order. the united states is the world's biggest steel importing nation, buying 35.6 million tonnes of the building raw material in 2017. kim gittleson in new york explains how the sanctions will work. you have been hearing about these ta riffs you have been hearing about these tariffs for over a week now... we have to protect and build our steel and aluminium industry. they make these tariffs are reality so what do you need to know? the first thing is that they provide a key campaign promise that president kagame made to american steelworkers. at only 5% tariff on steel and 10% on alumin

asian markets are not reacting that positively. but i have to say that donald trump really knows how to keep his name in the headlines. the reasons why we are seeing in so many areas is that there is concern over the revolving door politics in the white house. yesterday, we sought to listen leave —— we saw rex tillerson leave. so there are concerns about the free—trade matters and the dramatic approach will be. he is a ready clash with donald trump over several things, including his tariffs on steel and aluminium. we have seen larry kudlow take jabs at china. he has basically said that china needs to be held to account for this huge trade imbalance. and the trouble administration is trying to see that imbalance narrowed by $100 billion approximately. 0ne imbalance narrowed by $100 billion approximately. one of the things we know about larry kudlow is that he likes a strong us dollar. 0n cnbc on wednesday, he said a great country needs a strong currency. this is in line with what previous administrations believed in. it means

rice hating firm is selling its southeast asian business to a bigger regional rival grap mocking the u.s. companies second retreat from an asian market it's the industry's first big cold sunday sion in southeast asia home to about six hundred forty million people on the deal is the latest move of all but to shore up its finances and refocus its business ahead of a plan to initial public offering will get a twenty seven point five percent stake in grab in exchange right hating companies throughout asia have relied heavily on discounts of promotions of the highly competitive market driving down profit margins creasing pressure for consolidation . a share in the owners opposition leader has criticised the ruling party successful bid to have a runoff poll delayed to over alleged fraud terry it's quite a story that's right it's a bit complicated but we hope to get some clarity today monica. in an exclusive interview the main opposition leader vying for the presidency in sierra leone has told e.w. he will call people to action if a runoff election is postponed which really is one the first

and now esports is to become a medal event at 2022 asian games. chester king is the founder and acting ceo of the british esports association. hejoins us now from hong kong. explained to us who are not familiar with us. —— explain it to. explained to us who are not familiar with us. -- explain it to. good morning. professionalvideo with us. -- explain it to. good morning. professional video gaming is called esports. it is always human against human, as opposed to human against human, as opposed to human against human, as opposed to human against computer. depending on the game, and there are about 30 different esports, it can be one against one or six against six, like overwatch. you are playing against other people, but what is athletic about it? is it fair to include it in competitions where you are up against people doing physical sport? yeah, so, in the uk we have a view at the professional level it is a sport because you have a team a nutritionist, coaches, analysts, and fans. at the amateur level, it is definitely a game. it is a great m

let's talk about the asian session. -- cac iss in limbo in limbo. spokespeople denying that they are about to remove h.r. mcmaster as national security advisor. there was a little bit of money going into the yen. there are some signs that this kind of ongoing political turmoil and concern around tariffs and protectionism is having an impact on risk aversion. year have a look at the 10 yield. 2.82% is where we are at right now. it is useful to remind ourselves how far we have come from those highs in february. certainly some of our colleagues on the mliv talking about a new trading range for the u.s. 10 year. futures pretty flat for the u.s. equity session, i should say. we continue to watch the dollar against the yen because of risk aversion and also because of the ongoing scandal that seems to be an golfing the political establishment in japan. some suggesting we need to watch the popularity polls over the weekend, and that could be something that will be critical as to where the story goes next. how long will the global expansion last? matt: good

the asian market is a growing market. at the highest level, it is a small group of collectors, but they are trophy hunters, and are incredibly educated and want the best of the best. the painting that is being designed by paul allen, one of the greatest collectors, a collector who is higher nearing in his vision -- pioneering in his vision. these are perfectly made for this audience. that there are two types of audiences. the high levels, $35 million buyer, who is capable of spending $100 million frankly, and you have the more general buyer spending below $1 million. >> they've said there is a lot andew collectors and asia, their mocha road and -- more prone to want to -- and they are more prone to trade. >> there is definitely a trading mentality in asia. people want to buy and grow. whatalso want to know that they are buying has value. those are characteristics that are valued around the world, but i think it is a trading mentality that is part of what the collectors think in asia. what we are seeing in the expansion, i

picture across the asian equity markets. asian stocks higher -- following united states higher. remember the words from steve mnuchin, he was hopeful and a deal could be done or reached with china. we understand that president trump is trying to get the chinese to reduce tariffs on imported cars, and open up the services industry. more like the art of the deal than the terrorists we thought would be announced, or were announced on friday. it is not as simple as they seemed at the time. this is the dollar losing ground against the korean won. the korean won is stronger today because of a surprise visit to china by the north korean leader. it is the first since he took that role in 2011. we put oil in here as well, up by 0.4%. increasing tension and outright conflict in the middle east region, not disrupting supply too much. back to the big risk on risk off story. whipsaw,'ve gone to and that is reflected in this chart. there were two words that drove the market. cautiously optimistic and cautiously hopeful from steve mnuchin. dramatic moves, and in the shorts got squeezed. the qu

let's start with the asian session. asian-pacific down. the market is struggling to get the size and scope of what the u.s. administration wants to do with china on trade. we don't know the details. mnuchin says he is hopeful. last week, the worst week for u.s. equities. we put the copper price in there for you as well, down by 1.2%. talking about how maybe this will be something that sets the tone for global markets this monday rather than the strength we are seeing in the future story. this is the dollar index for you as well. we are pretty flat. not so much risk aversion in ethics markets. markets. in terms of big items on the agenda, pce inflation out of the united states. inflation numbers out of various markets. manus, what have you got? anna: a very good day -- manus: a very good day to you. 6%.u.s. lost where do you want to go? this is the sixth time we have seen a serious hit to markets in a decade. protection, optionality. by the reaction. when i got for you here is a very interesting moment in the market. we have a huge issuance

now we have many asian-americans. what we are struggling with right now is trying to get more economic diversity. we do not have that many people from working-class families. that is part of the problem. there are groups that are excluded from this higher education. jd vance writes that he was an extreme exception. nobody else in his community made it out of poor kentucky, ohio. host: what kind of student was he? prof. chua: excellent. not only incredibly bright but curious, open-minded, willing to argue but in a nice way. he would always reach out to the people of the opposite of the political spectrum. he is an open republican, one of the few at yale and everybody loved him because he was willing to talk to people. host: what do your students think of our president? prof. chua: yale law school is not a fan. that is where hillary clinton went to school. like most ivy league schools yale law school is extremely , progressive and we have many clinics that are bringing lawsuits, many of them incredibly important standin

now we have many asian-americans. what we are struggling with right now is trying to get more economic diversity. we do not have that many people from working-class families. that is part of the problem. there are groups that are excluded from this higher education. jd vance writes that he was an extreme exception. nobody else in his community made it out of poor kentucky, ohio. host: what kind of student was he? prof. chua: excellent. not only incredibly bright but curious, open-minded, willing to argue but in a nice way. he would always reach out to the of theof the opposite political spectrum. he is an open republican, one of and everybodyyale loved him because he was willing to talk to people. host: what do your students think of our president? prof. chua: yale law school is not a fan. that is where hillary clinton were -- went to school. yale law school is extremely progressive and we have many clinics that are bringing lawsuits, many of them incredibly important standing up for the rule of law. people can disagr

asian stocks halting a today rebound. samsung,es like and the broader industry slide sparked concerns over the u.s. clamping down on chinese investment in chinese tech deemed it to be sensitive. the kospi falling 1.4%. won reversed earlier declines after china confirmed kim jong-un's visit. check out the ringgit leading regional gains, climbing to a two-year high. let's switch it out and take a closer look at what is happening in bond market. bonds rallying across the curve. a up happening in the short duration. you have copper and steel futures on the rise in shanghai. copper set for a monthly drop. with theachs sticking bullish copper view. headwinds like trade woes seem to be temporary. checking equity movers on the falling, after a 20% drop in annual profit. another declining after hyundai mobis. mobile shares erasing gains. see 55%d as investors of investors back a restructuring, but they will not be making the interest payment due march 29. rishaad: uncertainty, investors worried of a trade war. they have so much to

reporter: we have asian stocks looking mixed. shares in sydney leading that miners are dragging the losses in japan. the topix is set to snap a three day event. the clinical scandal is plaguing abe's government. we did have this morning's japan.er price data in we did have the machine orders data that came out monday in that is a hint the equity pullback is continuing. 0.1%, butis down chipmakers are providing a boost there, as well as in taipei. we had weaker sales last month. we are tracking that overnight rally in micron, benefiting from a pickup in the chipmaker. over on the chinese mainland, 0.1%, and the hang seng losing 0.1% as well, as consumer staples and telcos are set to rise. and i want to check in now on the chinese coal companies. this after the ndrc approved mightcoal mines, which put more pressure on coal prices. prices face a steeper drop after the first quarter and the demand will ease. we do have major coal stockpiles in producers at high levels. iwa is seence da benefiting from coal prices. and we have seen th

goldman sachs chief asian pacific equity strategist. kong andt the hong mainland market next as we drive toward the start of the session. this is bloomberg. ♪ vince gilligan will it came out she did it ♪ haidi: we are counting down to the opening markets in hong kong and mainland china. setting the scene right now, we have a move to the upside. alongside of some pretty strong gains across the asia-pacific. 14% -- downp about about 14% since it peaked in generate. lifting seng up 1.65%, it up above the psychologically level area0 30,000 we are looking at some of the sectors, some of the industry roups in japan are responsible for this group higher. all green. powering thoseps gains as well, nearly 2%. health care and i.t. also feeling a little bit of the heat there are we are one thing we do have in prospect later today is the reserve bank of australia coming out with the interest rate decision. something that is going to be rather important for you guys over there. ever since we had this inflation data, let us go to this bloomberg c

in asia among the asian powers such asjapan, south korea and india?” think it gives china a bit more confidence. china is already strong but now that president xi is no limit on the number of terms he can serve, there is a sense in china that china can go forward even more strongly. the ways in which it wants to project power. this isjust an extension. the question is, what are the internal views of this shift? there are some in the civil society of china who are upset with this but i've talked to a good number of people in china who are not upset with this. they kind of like it. it's an opportunity for china to be stronger and an opportunity for their businesses to proceed in a stronger way. what about relations with united states? it's kind of interesting. president xi has gone a bit more solo and president trump has gone a bit more solo but there isa has gone a bit more solo but there is a big difference between the two of them. president xi is very experienced, a deep reservoir of expertise behind him. president trump doesn't have a lot of expertis

that sent jitters to the asian suppliers. add onto the tray concerns after the washington post that we could be seeing the u.s./tariffs on china as soon as friday. in strategists will be joining us to be talking about the tech selloff. betty: speaking about equity markets, jonathan garner, he says the asian equity markets are going to be the number one region in the next few years, and particularly watch the chinese equity market. he is an uber bulk here on asia. haidi: and we will be joined by scoutaste out ceo -- pay coo. they will be launching their new payment capabilities, talking about the future of e-commerce and retail. that is it for daybreak australia. daybreak asia next with yvonne and betty. this is bloomberg. ♪ betty: 7:00 a.m. in hong kong. i am yvonne man. welcome to daybreak asia. the top stories this tuesday, facebook slumped over user data. they are accused of handling information that could influence elections. mark zuckerberg has lost 5 billion dollars so far. lawmakers on both sides of the atlantic want

disproportionally harder for asian americans, who on average are shorter to make the team. let me say this instead, because this is a slamdunk legal argument. if the regulations mean the obama administration said what they mean, then we are about the scope and hence no envoy. void -- null and void. the agency would not have the power to vastly expand statutes i declare you can't marry your second or third cousin either or anybody who grew up on the same street as you. not only would that go beyond the way the sketches allow, there is no argument that the regulation is aimed at ensuring the underlying statute enforcement. the kinds of things that would be permissible in that context would be a requirement that one present one birth -- once birth certificate when they get married. regulations that are passed pursuant to a statute can sometimes go beyond what the statute requires, that they have to be aimed at enforcing the statute. they can be a sneaky way to expand it. that aper analogy is case that concern how far congress can go in enforcing the equalmendment's protection

time to see how asian markets are shaping up. we are not seeing any let-up from what we saw on friday you'd the losses -- on friday. the losses not as big but we are seeing more than 1% losses in japan and new zealand. >> some misery for markets this monday. the nikkei 225 losing over 1%. sliding to a september low with tech weighing the most on the benchmark. currencies mostly gaining against the u.s. dollar. we are seeing losses for the yen he's somewhat with the yen holding. the dollar yeng remains intact. cabinet is abe's dragging on that. the aussie dollar climbing even as iron ore has come under pressure in a's metals have dropped five straight weeks. when it comes to the commodities complex, were seeing a mixed bag. in oil, we're seeing prices extending after saudi arabia intercepted missiles fired from yemen. handle.ading above that there is concern over a conflict with the world's largest crude exporter. that is overshadowing a pickup in drilling in the united states. oil continues to gain ground. the gains their sparked

well i do pretty that most asian pacific countries now see china as a very important economic partner. but even time these leaders nespresso the tinies centonze admits that a lot of asian countries while they side with china in the konami matters they are also quite eager to use the united states as a military balance against chinese influence so they are adopting all types of hedging strategy vis a vis china and certainly there is a lot of interest in the one bow. one wrote unishe attempts and the and time and time this eagerness to to at kiev indies projects to conclude projects may well be seen as a weakness and and has been exploited by governments and it is quite obvious that very often change of governments would also mean terminations of contracts renegotiation of contracts and so on and it has been reported that almost up to one third of the contracts concluded was in the framework of the one by one vote you need to. have already been canceled and renegotiations and abandonment have been very costly kerry the u.s. sees china as failing at reigning in north korea are there part

companies a second retreat from an asian market it's the industry's first big consultation in southeast asia home to about six hundred forty million people the deal is the latest move of to shore up its finances and refocus its business ahead of a planned public listing will get a twenty seven point five percent stake in grap in exchange rate right hailing companies throughout asia have relied heavily on discounts and promotions on the highly competitive market driving down profit margins and increasing pressure for console the dacian. well a very famous cricket team will have to consolidate one why you know the other because one all of the picks certainly rethinks partnership this is one of the biggest scandals that we've seen for years when it comes to cricket monica it just keeps rumbling on it it comes after the australian team admitted hatching a plan to cheat in a match against south africa and in sports or rather in a sport that prides itself on good sportsmanship the simple act of stuffing the ball has led to plenty of soul searching and australia and even calls for the captain

that is clear in the asian session. the japanese are not trading today, the public holiday going on there. we had seen some energy companies a little earlier. we saw a rally in crude prices. s&p suggests a lack of direction , perhaps a little upside. the fed meets later. jay powell will be leaving that press conference. fascinating to see what language we get. says aboute dot plot expectations. they spent continues to be a focus in the u.s. session. keep an eye on that. it continues to gain attention from regulators in the u.s. and the eu. timelinelerating the for curbing the supply glut. out of the broken 60, 60 five dollar range. range. matt: is it going to move out of that range anytime soon. will russia be able to tow the line. across seen a lot come this wednesday morning. or -- seeing if talent telenor -- we are getting more a maker ofn gkn, automobile transmissions and airline parts. they say the offer of melrose does not come close to reflecting its value. not even in the ballpark. let's look at bonds and see if

let's talk about the implications when it comes to asian markets. a are starting to see re-correlation of the relationship between the yen and japanese equities. position is to be long equities and yen as well? >> that is correct. the thesis is an environment of a strengthening yen. the whitening of the fiscal deficit. what we saw was the trade weighted yen basically went sideways. we have this remarkable boom in the corporate sector earnings. some of that is driven by the uniquely strong domestic conditions. -- are basic view assumings year, we are the market can rise at the same time. >> that is interesting. at what point is there a pain threshold? you start to see the we coupling? in terms of our forecast, we are looking for the forecast to go to 100. threshold should be below the 100 mark. rishaad: this is a win-win. if you are long japanese equities. in 2017, a huge increase in corporate earnings. the euro managed to appreciate. be a does seem to structural shift. you like german equities at the moment as well. at what point do you have to look

it makes it disproportionally harder for asian-americans, who on average are shorter to make the team. let me say this instead, because i think this is a slam dunk legal argument. if the regulations mean the obama administration said what they mean, then they are beyond the scope and hence null and void. the agency would not have the power to vastly expand statutes to declare you can't marry your second or third cousin either or anybody who grew up on the same street as you. not only would that go beyond the way the statute allows, there is no rational argument that the regulation is aimed at ensuring the underlying statute enforcement. the kinds of things that would be permissible in that context would be a requirement that one present one's birth certificate when they get married. regulations that are passed pursuant to a statute can sometimes go beyond what the statute requires, but they have to be aimed at enforcing the statute. they can't just be a sneaky way to expand it. the proper analogy is that a case that concerns how far congress can go in enforcing the 14th amendment's eq