hooi: grab is very focused on southeast asia. uber no longer operates in southeast asia. emily: do you have no plan to expand beyond the southeast asia? hooi: it's important to understand southeast asia is a huge market. population wise, it is the third largest in the world. it is larger than north america and the eu. we are moving into a platform play to become a super app or -- four southeast asia. emily: what are some of the issues you and dara are working through? hooi: what we have been doing together is much like him being a board member, like other major shareholders. he has been great at it. he has been able to bring the lens of being an operator, a business partner, and sitting on both sides, he gets to share what has worked in uber and what has not while he learns from my experiences as well. emily: you mentioned grab is starting to address the fact that a grab driver was stripped and robbed. what are you doing to better protect drivers? hooi: we're doing a lot. in fact, these instances make us sad because we know there is so much more than we can do, not just f

hooi: grab is very focused on southeast asia. uber no longer operate in southeast asia. emily: do you have no plan to expand beyond the southeast asia? hooi: it's important to understand southeast asia is a huge market. it is the third largest population in the world. it is larger than the america and the eu. we are moving into a platform play to become a super app or southeast asia. emily: what are issues that you and/or are working through? give me some examples -- you and dora are working through? -- dara are working through. aoi: he has been like shareholder and great at it. he has been able to become a business partner and sitting on both sides, he gets to share what has worked in uber and what has not while he learns from my experiences as well. emily: you mentioned grab is starting to address the fact that a grab driver was stripped and robbed. what are you doing to better protect drivers? hooi: we're doing a lot. these instances make us sad because we know there is so much more than we can do, not just for passengers, but for drivers as well. some of the recent t

welcome to "daybreak asia." asia-pacific markets to open higher after financials gave wall street a lift. a lot of attention turning to the bond market. google's parent may give tech a boost. improving at business. -- ad business. kathleen: i am kathleen hays in new york. pushed the u.s. has been around for too long. china rejects the president's claims of currency manipulation. beijing says it change rates will be determined by the markets. so many things going on in the world today. president trump was the least of it today. definitely his tweet about amazon. so many people looking at the global bond market. it all started in asia and tokyo. speculation on the meeting next week. governor kuroda will signal some kind of tweak to yield curve control, may be buying fewer bonds, not changing stimulus. just taking some steps that would take some of the pressure ,ff japan's regional banks having a little more trouble dealing with their portfolios, to do, asthey have long as the boj is buying up so many bonds. yvonne

i'm yvonne man and welcome to "daybreak: asia" amazon asia's some of the -- amazon eases some of the faang. facebook took a eating. month of scandal. one of $20 billion wiped away. ramy: from bloomberg's global headquarters, i'm ramy inocencio. the u.s. and china clash at the wto and washington threatens sanctions on nato ally turkey. the ecb is ticking to bond buying and rate have strategy. broad-based eurozone growth ahead. ramy: good friday morning to you in the asia-pacific. still thursday here. are ona look to where we the markets. it was a messy day today as you mentioned earlier. earnings on the negative side as ellis the positive side from facebook as well as amazon. there was also a little bit of an interconnect of ecb. unexpected pause and rate hikes. we did see the euro all. it will be an interesting hand over to you guys based on happened here in the u.s. it is interesting, we see asia-pacific poised to get a three-week winning treat. we haven't seen this since the correction we saw in early january. we will see if this relief rally, from earnings as well can propel forwa

welcome to "daybreak asia." asian futures point to a weaker open after tech the retreat in new york. the nasdaq saw its biggest loss since march. netflix really leading the way as the mega cap stumbled 3%. the groups lost 9% since facebook reported. ra

yvonne: to the director of asia programming and senior assistant for south asia features. facebook's beacon of hope this year. this is bloomberg. ♪ yvonne: this is daybreak: asia i am yvonne man in hong kong. ramy: to techno and facebook has its problems but it may also have a solution. it is under scrutiny for data privacy. user safety could prove expensive. it could weigh on the numbers when facebook post second quarter earnings later on wednesday. /2018 should have been a year of reckoning for facebook. question election meddling, the social networks problems continue to follow. is been embroiled in a data privacy battle. there is a constant controversy over the company placing content on its site. user seem to like what they see. in june, according to the analytics company, instagram has spent 53 minutes of day on the android version of the app. that is just five minutes less than what facebook users use. instagram is drawing in new younger users and new markets like asia and latin america. it is no longer just about sharing photos. anybody to produce and post longfo

the brake asia. the top story this thursday, asia-pacific markets face an uncertain day after raising trade tensions. the dollar saw its best rise in a month. oil the most in two years. there is a concern that extra tariffs will hurt commodities. and i am in new york, where it is 7:00 p.m. on wednesday. billion confirms a $19 -- the stock is slumping in extended trades. tension is in the air as nato leaders meet. president trump says u.s. allies should spend twice as much on defense. good morning. sentiment across the markets today as markets digested the $200 billion in terms of tariffs the u.s. is thinking about unleashing against china. dollars spiked and modded a spell. -- commodities fell. yvonne: this is market psychology. how will they adjust. it goes to show how sensitive the market is to any kind of headline when it comes to tariffs. we see some choppiness in the asian session. ramy: let's get a reminder of where we ended the session today in the u.s. the dow and s&p are both down. two was t

it will come because the people of southeast asia want it. those whose armies are at war tonight, those who feel threatened have thus far been spared, peace will come because asians were willing to work for it. and to sacrifice for it. and to die by the thousands for it. but let it never be forgotten, peace will come also because america sent her son to help secure it. it has not been easy, far from it. during the past four and a half years it has been my faith and my responsibility to be commander-in-chief i have lived daily and nightly with the cost of this war. i know the pain that it has inflicted. i know, perhaps better than anyone, the misgivings that it has aroused. and throughout this entire long period i have been sustained by a single principle. that what we are doing now in vietnam is vital not only to the security of southeast asia but it is vital to the security of every american. surely we have treaties which we must respect. surely we have commitments that we are going to keep. resolutions of the congress testify to the need to

asia, expertise is in asia is part of em. given all that what's going on, there are headwinds, you have stronger u.s. dollar, rising rates, current account deficit countries, for example, indonesia. that is seeing slowing growth, and decreasing inflation. you get threats of speculation. there are some bright spots in southeast asia. we see two countries that stand out, first is thailand, where you have a very strong bank of thailand. and you have strong tourist receipts, that translates into a very strong current accounts. where you have a lot of foreign direct investment coming in. you have two pillars of the mekong countries having very strong macro economic numbers due to completely different reasons. one is global tourism, the other is foreign direct investment. we are very interested in the region. it is a region of 250 million people. thailand, cambodia, laos, vietnam. if you take it as a regional standing, it is the fifth-largest country with very young population. and the demographics. kathleen: our story on the bloom

in the days of the czar's it was the gateway to asia. at the entrance to the town lorries and trains cross the ural the river that marks the geographical border between the asian and european continents. instead of just historically speaking the ural has always formed a natural border just this is just the big rather just look at the in the post caravans coming from asia always paused here in the couple of the river was a barrier in the book greenwich the schedule. today the chinese efforts once again seem to come to a halt at the symbolic border. from here the project of the new silk road depends on moscow's goodwill but does putin's russia even want it. watered down to doing but i'm skeptical about the relationship between china and russia what's your russia is facing a laborious rethinking process a solution that russia used to be china's big brother today it struggles to accept that china is superior. to handle we're told of course china and russia are cooperating on military to raise. geopolitical reasons but the new silk road has l

good morning, asia, hello, world. it isa good morning, asia, hello, world. it is a thursday. glad you could join us is a thursday. glad you could join us for another exciting addition of asia business report. i'm rico hizon. we start off with us china trade troubles, and they are dragging us markets down afterfour sessions of games. us stocks in retreat overnight after president trump said he wanted to slap 10% ta riffs trump said he wanted to slap 10% tariffs on another $200 billion worth of chinese goods. the dow jones industrial average falling by 220 points. and this pushes the world's two biggest economies closer toa world's two biggest economies closer to a full—scale trade war, with beijing saying that it has no choice but to retaliate. despite the concerns, one analyst says the market outlook for the rest of the year is still bullish. we have to recognise that the starting point for these tensions is actually not that bad. so the us economy itself, which at the end of the day is a $20 trillion economy, is growing well above trend. we have full employment, we have ri

business in asia. as a fastest growing region in the world, asia represent a seemingly insatiable demand for infrastructure investment. by asian development bank experts, estimates -- they 1.7 trillion in investment. each year, for the next dozen years to maintain growth and eradicate poverty. today asia invests only 881 billion. barely half of what's needed. in my line of work we know all too well that adequate infrastructure is not only a central for accelerating economic growth, but really is a prerick zit to achieving better health, education, and other development outcomes. and that's why -- we're excited to be part of the infrastructure transaction and assistance network with secretary pomp announce this morning. our role is -- very simply put, to make it easier for you to do infrastructure business in asia under itan hard at work leveling the playing feild for you and companies like yours. work to promote a rules base and transparent environment for negotiating infrastructurens ifing. and we'll

>> china is a major player in asia. as you know, most of the rest of asia, the lions share other exports and imports go to china or come from china, so they are very much tied into this system. it is, again, part of the supply chain network and the trading network, so if china catches a cold, and a lot of other people will get very sick. so it's very tough on most of them. either, whicht, is why you see attempts to form new trade alliances. but they are not quite the same because what tpp was, in sortcular, was an advanced of trade agreement that dealt with services, intellectual property protection, agriculture in a sort of a new way, and these are not part of the other agreements. >> i was actually going to bring that up. thatn debate the manner are approaching this, but what we can all agree on is there are structural underlying issues that have to be addressed. looking at the problem and trying to solve it in a nonconventional way, which is the approach right now -- should we not give it time? should we not given a

and welcome to asia business report, and welcome to asia business report, and sharanjit and welcome to asia business report, and shara njit leyl. and welcome to asia business report, and sharanjit leyl. we start with the us, which is expecting big business news from amazon, but did not get everything it hoped. we saw profits increase a whopping $2.5 billion from a year ago, but missed a nalysts's billion from a year ago, but missed analysts's expectations. us shares have been rising about 2.3%. —— amazon shares have been rising. of course, we know amazon is the first $1 trillion company in history. our technology reporter dave lee has been following the story and brings us been following the story and brings us this update. well, i think a lot of people were certainly worried about facebook coming in well below expectations yesterday that it might be something of a trend, the amazon, which is obviously huge technology company here, it obviously follow suit. that does not seem to have happened but overall, there is pretty healthy ownership,

this is daybreak asia and welcome to our asia headquarters. markets are set to track gains on wall street. investors see trade war tensions beginning to ease. the s&p 500 closed the highest since february. both sides say they are open to talks. bloomberg's global headquarters, i am ramy inocencio in new york. president trump ups the ante on brexit. told told -- he has theresa may a soft divorce would kill a u.s. trade deal. plus we go behind the deal on tesla. we have in the inside track on problems surrounding the model three. good morning and happy friday. today, what goes up must come down and vice versa because the -- because of the retaliation from china did not materialize and we're seeing markets rise to their highest since earlier this year. at least for the nasdaq, we saw a record. so slightat ever shift in tone from beijing, not replying to the big list of tariffs from president trump, they were just sandwiched between these trade taglines -- headlines. it looks like in these rallies, there is a bit of a trade coming back which is wh

welcome to daybreak asia. your top story, asia-pacific markets ready for a mixed start to the week as trade tensions once again topped the agenda. g20 warning those tensions threaten the global economy, but steve mnuchin sees no chance of a currency war. kathleen: it is just past 8:00 p.m. in new york on this sunday. president trump threatens tariffs on all imported goods and saying beijing is manipulating the yuan. shinzo abe's top aide insists japan is not interested in a bilateral deal. haidi: a lot for investors to contend with. not just earnings, we have banks, big tech names earnings out this week. also industrial companies, the energy sector as well. concerns about what this next missive in the trade were between china and the u.s., and the u.s. and every other trading partner. kathleen: of course right now one of the, sort of like the repository, the one thing is the chinese currency. it was hit so hard. you wonder now, has it been hit continue,at this can or does it continue on the march towards seven

and moving back factories to germany how the tech sector is seeing a shift in manufacturing jobs from asia to europe. for business on the w. ho you know it's good to have you with us the trade dispute between the world's top two economies is showing no signs of letting up with just hours to go until china and the u.s. impose billions of dollars worth of tariffs on each other the question is not only how this will impact business but what will happen next u.s. tariffs on chinese goods go into effect on friday. the twenty five percent levy will apply to a host of technological products the value of the measures thirty four billion dollars china's response a range of tariffs on american goods also worth thirty four billion dollars also from friday and this could only be the beginning washington as a ready threatening further action prompting china to accuse the u.s. of fueling a trade war. may have noted that the u.s. has again threatened to impose new tariffs on the five hundred billion us dollars worth of chinese products. and not only that it's also made this kind of threat to other countr

versus not in asia. david: what is interesting in southeast asia? policy there seems more fluid still. isaac: it does. , broaderthe risk sentiment has widened and pushed equities lower. board, youoss the have a situation where equities have fallen much further than what the fundamentals are suggesting. in that situation, you can choose to sit that out and try to time it. that's not really what we are about. we think the markets have fallen further than -- further and fundamentals of the same, so we are taking the opportunity and adding to our portfolio of emerging-market asian equities. david: in terms of allocation to cash? isaac: we are keeping a limited amount of cash. we are invested still. david: thank you. it is a holiday here. kind of a reminder for our subscribers, tv , if you want to interact with the chart i brought up earlier. click that and browse through. check it out, he tv . this is bloomberg. ♪ ♪ david: welcome back, let's get you a quick check of the latest business flash hea

hooi: grab is very focused on southeast asia. uber no longer operate in southeast asia. emily: so you have no plans to expand beyond the southeast asia? hooi: it's important to understand southeast asia is a huge market. with tons of opportunities. population wise, the third-largest in the world. it is larger than north america and the eu. there is a con of growth opportunities which is why we are moving into a platform play to become a super app or southeast asia. emily: what are issues that you and dara are working through. give me an example of the future challenges. what we are doing is like he is a board member and other shareholders, and he is great at. he has been able to become a business partner and sitting on both sides, he gets to share what has worked in uber and what has not while he learns from my experiences as well. emily: you mentioned grab is -- was started to address safety, and a grab driver was stripped and robbed. in what was a harrowing, 12 hour ordeal. what are you doing to better protect drivers? hooi: we're doing a lot. these incidents make us e

hooi: grab is very focused on southeast asia. uber no longer operate in southeast asia. emily: so you have no plans to expand beyond the southeast asia? hooi: it's important to understand southeast asia is a huge market. population wise, the third-largest in the world. it is larger than north america and the eu. there is a ton of growth opportunities which is why we are moving into a platform play to become a super app or southeast asia. emily: what are issues that you and dara are working through. give me an example of the future challenges. >> what we are doing is like he is a board member and other shareholders, and he is great at. he has been able to become a business partner and sitting on both sides, he gets to share what has worked in uber and what has not while he learns from my experiences as well. emily: you mentioned grab was started to address safety, and a grab driver was stripped and robbed. it was a harrowing, 12 hour ordeal. what are you doing to better protect drivers? hooi: we're doing a lot. these incidents make us extremely said, because we know there

coming up on daybreak asia, the market open. 10:00 here in sydney welcome to "bloomberg daybreak: asia." the dollar real to as president trump attacks the feds. investors are on alert. the president says it has been dropping like a rock and that is putting the u.s. at a disadvantage. from bloomberg's global headquarters i am ramy inocencio in new york. the auto industry fights back against duties warning the administration they will put american jobs at risk. malaysia issues more arrest warrants linked 1mdb. most say that money is gone for good. haidi: president trump continuing his unorthodox approach to dealing between the government and the fed with this comment on rick -- rate hikes as well. we are seeing asian markets starting the session on the back foot. whipsaw notou say equities is what i'm thinking i -- is what i am thinking about, i am thinking commodities and currencies, the dollar, as well as surgeries -- treasuries. donald trump did not think the fed should be raising more rates for now there is talk that may be the fed could double down and continue on as turkish. -- as

and asia. well, could new trade core doors develop within asia itself, or could they may be developed within europe a bit more? if they can see growth in those areas, that could be good for the asian-based banks, or u.s. based ones. >> thanks very much. joining us from sydney. let's have a look at the business flash headlines. the liquidator struggling abroad. an offer from cerberus capital management over a rival bid. deloitte is managing the operation. we are told it is seen as a better option, and an agreement may be struck within weeks. one source saying no final decision has been made, but the bid has been turned down. -- a locked in battle with samsung. the three contracts could be worth as much as $9 billion. samsung winning the race would signal a turnaround after a series of political despite the united states claiming it's a security threat. let's have a look at what's going on -- let's talk about this telecommunications company, it sees itself as more than that, doesn't it. wants to

welcome to "daybreak asia." the top stories this tuesday, asia-pacific stocks said to recoup from his office after wall street reversed earlier declines. tech strength topping the trade fears. commodities saw their biggest -- silver fell 2%. gold also down. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york. president trump turns up the heat again, saying the wto treats america unfairly and must change. the superstar quits nike after 24 years in a deal reportedly worth $300 million. all right. good morning, yvonne, and to our asia-pacific viewers. it has been a really interesting trading day in the united states has restarted started firmly in the red off of all the trade tensions, trade fears. the stocks were down. msci asia-pacific also down. we thought it would be a negative day, but it was a session high. fangs really lifted the boards. to the rescue once again. when it comes to asia, we saw pretty's deep losses -- pretty steep losses. ramy: let's go ahead and flip up the boards to s

we are live from asia's headquarters. welcome to "daybreak asia." asia-pacific markets set for decline with the start of a new week. z/yen steadied around 111 ahead of the bank of japan. earnings,policy and we will watch fed, the rbi and the bank of england. ramy: from bloomberg's global headquarters i am remy inocencio in new york. zte seeks to rebuild trust and its bottom line. u.s. fine turned a first quarter profit into an $800 million loss. when the chips are down, political decisions were behind qualcomm's failed approach. yvonne: monday morning here, seems like we have the perfect concoction of potential volatility in the markets. we talk about all the central bank said to me and set policy. we have the u.s. gdp that missed estimates. these tech nerds, when it came to earnings as well, it would be a perfect storm. here in asia it will be the boj. have been talking with analysts, no one expects anything major. even with that said, because of the size of the market, even something small could have ramifications. slated -- later on this week we

this is "bloomberg markets: asia." ♪

looking more to come on daybreak asia. this is bloomberg. ♪ yvonne: this is "daybreak: asia." geopolitical tensions have been driving market, but our next guest says investors might be missing something. that is the impact of a trade war on u.s. to on d. joining us is carol. for joining us. i want to get your read on where we are in the markets right now, especially with all these trade tensions showing their teeth here. strangely up on friday. the s&p going past 2500. >> markets are acting like a trade war -- if it comes to war -- that the u.s. markets should come out in a stronger situation been much of the rest of the globe because the risk on trade is still playing. technology stocks are still doing well. some of the industrials have suffered. overall, they are focusing on how strong be u.s. economy is. people areaid missing the impact of a trade war. when you look at the tech sector in general, it gets a disproportionate amount of earnings overseas. if we go into an extended trade war, those companies may not suffer as overtly because they distribute aarily physical good.

haidi: welcome to daybreak asia. the top stories, asia-pacific markets are set to rise after renewed optimism. apple, among the winners. demand for iphones remains strong. services are also paying off. globalrom bloomberg's headquarters, iming new york. it is just past 7:00 p.m. on tuesday. by do is seeing a bounce after hours. it beat estimates last quarter as its personalized news service helps sustain growth. it is time to talk, or is it? sources say the u.s. and china are discussing how to re-engage and reboot stalled trade negotiations. all right. very good morning to you. to our viewers across the world, looking at where we ended on the markets, it was general relief rally, because at least the earlier breaking lines that the u.s. and china are talking to .ry to defuse trade tensions the s&p 500 was up by 0.5 percent. new news that donald trump is going to throw another additional $200 billion on to china. ofdi: the high tariff rate 25% versus the previous expected 10% paints a picture of how quickly things can

welcome to "daybreak asia." the top stories this tuesday, asia-pacific markets looks set for a lower open after tech let most u.s. stocks down. netflix, one of the big losers on wall street to my shares plunging after the bell as earnings and sales growth missed expectations. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york, where it is just past 7:00 p.m. on monday. blackrock's larry fink says tariffs may hurt the u.s. economy. imf is warning about the dangers of a trade war. president is under fire for going soft on russia. he said he sees no reason why moscow would meddle in the election. good morning to you, yvonne, and to our viewers across the asia-pacific. it was an interesting day in the u.s. market because there was not actually anything happening at least in terms of u.s.-china trade tensions. guide the market was earnings. for example, in financials, as well as some surprising news coming out of saudi arabia that space hurt the commodity with oil falling by 4% both on the wt

we are joined by our asia is as correspondence. joined by our asia is as correspondence. we know all of this is going to have global applications. absolutely. as you can see, markets in asia have not necessarily reacted to the impending ta riffs necessarily reacted to the impending tariffs that art due to go to play in the next few hours. certainly many of the investors that had been speaking to over the last few weeks across the region have displayed some anxiety, some nervousness. i think it is seen that in the last few months, especially in chinese markets. it also out here in singapore. but in the port is looking sunny today. certainly a great deal of activity takes place here every single day. singapore is a good example of a country that has benefited from free trade policies over the last few decades. and that is the concern going forward. how businesses will be able to navigate this trade war between the us and china. many businesses in the region are concerned about how they can plan ahead for this trade walk when the really knows what will happen next. listen to

we have seen a lot of that come out of asia. for example, we booked a big dealfor an of asia. for example, we booked a big deal for an automotive client in singapore where we make 36 episodes over 12 months on the intersection between art and technology. since you started in asia what challenges have you faced? it was a relatively new concept since we arrived so there was education on how it works as well as education of what the market needs. what other challenges are there in the industry? i mean, are there in the industry? i mean, are people looking at their phones, do they to mainly read things? there are some challenges. the industry in terms of advertising space is a diversity problem with 93% of commercials made by men. that is a huge statistic. we are doing our best to correct that and putting forward women as options in every one of our pictures. from the point of view of individual businesses what can they gain from these services and why do they want to invest in video content? they have more challenge is to communicate and build audiences. that is facebook, instagr

to asia business report, and shara njit leyl. and welcome to asia business report, and sharanjit leyl. we start with the us, which is expecting big business news from amazon, but did not get everything it hoped. we saw profits increase a whopping $2.5 billion from a year ago, but missed a nalysts's billion from a year ago, but missed analysts's expectations. us shares have been rising about 2.3%. —— amazon shares have been rising. of course, we know amazon is the first $1 trillion company in history. our technology reporter dave lee has been following the story and brings us been following the story and brings us this update. well, i think a lot of people were certainly worried about facebook coming in well below expectations yesterday that it might be something of a trend, the amazon, which is obviously huge technology company here, it obviously follow suit. that does not seem to have happened but overall, there is pretty healthy ownership, particularly how high the revenues have gone up since this time last year and those profits, gosh, they we re year and those profits, gosh, t

sarah toms is in our asia business hub in singapore. talk us through these latest growth numbers, interesting to get them right now. that is right. china is the world's second largest economy and we all want to hear how it is doing. but this data has come at an interesting time and the government is trying to cut its growing debt. this comes after years of spending ata this comes after years of spending at a breakneck pace on investment in infrastructure like roads and railways. now the government and local government has become more restrained with its spending and this is what analysts had been expecting to see, and expecting growth to start slowing. we are seeing that reflected in the industrial output figures forjune which matched its slowest growth rate over two years. but these numbers are also interesting because they have come out as these trade tensions with the us are escalating. we will not see any of the fallout factoring into much later in the year. but they have released another potential $200 billion worth of chinese good

if you order a smartphone from asia today it will take around four to six months to arrive. we want to cut that to four weeks. for us market accessibility is the biggest challenge. for the. biggest set factory in hopes to trump facilities in asia in terms of turnaround time not just on the production front but above all when it comes to special customer requirements. of the state fund everything from a memory expansion into specialized software and product bundles featuring items like bluetooth speakers it is i must design related aspects such as color scheme or laser engraving on the back of that work site for a bunch number one we want to offer customers the chance to have their name a laser on to the device. the g.s. one eight five marks a major step forward to get set the entry level smartphone will be the first to be made in germany and if it proves successful it will surely not be the last. that's all for business thanks very much for joining us we'll see you next time or whenever you want on the dot com ticker good bye for. the. memory. being gone be told. his work th

i'm rana mitter, a historian of east asia. and i have come to tokyo to find out how japan tells itself the story of the war through its movies. movies that recreate an era of devastation that still shapes this country's relationship with the region and the world. this museum in central tokyo is a record of the everyday lives of wartime civilians. everything from preparing ever scarcer food to sheltering from american bombs. and it's that perspective on the fate of japanese civilians that's at the heart of a recent surprise blockbuster. on its release in 2016, in this corner of the world seemed to catch some wider public mood and became a big hit. it's the story of a young woman called suzu, starting her married life near hiroshima. as the war comes closer to the islands, it brings food shortages, and worse. but at first, suzu responds with youthful creativity. have young people watched your film? how do they react to seeing the war period portrayed on screen? finally, suzu loses her drawing hand, and a niece who's holding it,

and moving back factories to germany how the tech sector is seeing a shift in manufacturing jobs from asia to europe. it's time for business on the w. ho you know it's good to have you with us the trade dispute between the world's top two economies is showing no signs of letting up with just hours to go until china and the us impose billions of dollars worth of tariffs on each other the question is not only how this will impact business but what will happen next u.s. tariffs on chinese goods go into effect on friday. the twenty five percent levy will apply to a host of technological products the value of the measures thirty four billion dollars china's response a range of tariffs on american goods also worth thirty four billion dollars also from friday and this could only be the beginning washington is a ready threatening further action prompting china to accuse the u.s. of fueling a trade war. notion that the us has again threatened to impose new tariffs on the five hundred billion us dollars worth of chinese products. and not only that it's also made this kind of threat to other countrie

almost 15 ored up 20% in asia and japan and possibly more in north asia. david: two points you made. you are saying that things the price has fallen. this is one aspect of it. what i really talked about are the fundamental improvement. return on equity moving is essentially good. because asianing corporations are much more prudent about spending. they're much more prudent about capacity expansion. that is one point and obviously, the gap between the cost of equity expands. it calls for an increase in price but that hasn't happened. the price-to-book violation is still about 1.5 or so. it is just shy of the last 10 year average. it should possibly be slightly hard to capture that increased r.o.e.. >> is a compression because sentiment is quite bad? how do you factor that in? >> that could turn out to be -- that could be one obvious impediment. it is not severe. we think that the markets could possibly take this u.s. rate hike. the problem is that there are three or factors. we have seen the u.s. dollar moving up. these two are related. at the same time, thi

this is "bloomberg markets: asia ." rishaad: street to what is going on -- straight what is going on market-wise. the nikkei coming on. we have a rising picture of equities in the world. looking at the kospi as well, kia earnings coming in just below estimates. too. we go, nikkei thei: the nikkei close to bank of japan. we have seen wild speculation in the bond markets. yield, which is where we were also at earlier this week. watching in about 10 minutes or less time to see if there is a move in that by operation from the boj. us to watch out for. we are looking at the gdp numbers from the u.s. a pretty eventful trading week. ofhie is with us today out kuala lumpur. sophie: it has been an eventful week. china is in for a prolonged trade showdown with the u.s. chinese stocks snuffed out early promise we saw earlier this week. we see people betting on policy easing a liquiditynd -- and liquidity boost. not to pursue tha risk yet. china not backing down, with an official from beijing saying there is a plan to retaliate aga

i set this to asia. you can see against the strengthening of the dollar, we have the chinese renminbi down year to date. to what degree are any of these opportunities? let's start there. opportunities for currencies. alexander: well, i think what you just pointed to is the weakness in the asian currencies are more a factor of the others, and that has created a headwind that has unnerved investors, you have to pick your stocks, but i think this is throwing off things across a wide variety of assets. ramy: for the renminbi, 6.7, 6.7. some say it could go as weak as 6.9. what are your expectations of this moving in? alexander: well, we think that over time, the dollar will weaken, and that will affect stocks, but, again, you need to focus on the right parts of the market. you have to focus on the right franchises and the right management teams, and that is why we have such a strong stock resource. otherthat rather than things. in terms of the best growth stories that you would say are around asia, two of th

to the viewersng across the asia-pacific. looking back where we were over the past 48 hours, we got great non-form -- nonfarm payrolls. the bigger issue here is donald trump really did go ahead to clinch those $34 billion in tariffs on china. he is saying another $16 billion could come through. all told, $550 billion. those are big numbers that investors will be wondering on how this might impact them. haidi: the psychology of the market reaction is interesting. you had a session of gains, the tech sector dominating. asian stocks bouncing off the lows, but i like this quote from j.p. morgan saying the whole traits verio is like chronic back pain. you might forget about it for a while but sooner or later it will come back, and investors will be reminded of the situation at hand. ramy: let's get a quick reminder of the markets. the back pain wasn't so painful if you see the close on friday. look at the dow, up .4%. the s&p was up nearly .9%. on the week these were the best weeks in the past month or so for the nasdaq, up 1.3%.

welcome to daybreak asia. asia-pacific markets facing a mixed start and stop entering the second half. oil is following -- falling and the euro is under pressure. investors are looking forward to friday for tariffs and the latest payroll numbers. ramy: i'm ramy inocencio in new york, past 7:00 p.m. on sunday. says it has now become a real car company. mexico shakes up the system with the first is eventual victory in decades for the left. we are live in mexico city. ♪ ramy: good morning. welcome to the second half of the year. it could be a time to celebrate. taking a look at the eco-data over the weekend, china pmi lackluster. south korean exports missing a tad. trade tensions and trade war, the snowball is causing investor concerns. a busy first week of the second half. yvonne: it's interesting because we see a sentiment change on friday a positive. a big week. jobtwo biggest eco-events, stay in the u.s. and tariff day on july 6. ramy: not something we usually look forward to. let's take a look at how the u

and moving back factories to germany how the tech sector is seeing a shift in manufacturing jobs from asia to europe. it's time for business on the w m how you know it's good to have you with us the trade dispute between the world's top two economies is showing no signs of letting up with just hours to go until china and the us impose billions of dollars worth of tariffs on each other the question is not only how this will impact business but what will happen next u.s. targets on chinese goods go into effect on friday. the twenty five percent levy will apply to a host of technological products the value of the measures thirty four billion dollars china's response a range of tariffs on american goods also worth thirty four billion dollars also from friday and this could only be the beginning washington has already threatening further action prompting china to accuse the us of fueling a trade war. no said that the us has again threatened to impose new tariffs on the five hundred billion us dollars worth of chinese products. and not only that it's also make this kind of threat to other countr

asia ot so great for us in asia. looking in u.s.? >> strategist are still raising earnings.mates for there are various reasons for that. that's tax cuts in the u.s. as well. in europe it could be a whole bunch of reasons including even is goingthat world cup on. aside from asia still looking the world.e rest of get the chart up here. i know there have been revisions lower in earnings. how much of that is also to do movements request? i'm i'm guessing eps is priced dollars. is that good news at all? is that one of the silver linings? >> yes. it could be a silver lining that's for sure. mind, when you do look at that graph, there's still that cut happening. there's still the currency impact that's in there. it's coming down just a little bit. that being said, there are still pockets of opportunity in this part of the world. came out with a note saying that they expect retail banks to do very well this year. goldman sachs came out saying dot hong kong lenders can very well for earnings in the next round. there's new zealand analyst acro

all of the action next in daybreak asia. this is bloomberg. ♪ bloomberg. ♪ phones have made our lives effortless. streaming "must see tv" has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile saving money is effortless too. it's the only network that combines america's largest most reliable 4g lte with the most wifi hotspots and it can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. yvonne: here in hong kong, we are live from the asian headquarters. welcome to "daybreak: asia." president trump heads for helsinki as he bashes allies again. he will be meeting president clinton after also attacking the u.k..any and observers ramy: observers wonder what is next. -- observers wonder what is next. ramy: beijing says

yvonne: we are live from the asia headquarters. welcome to "daybreak: asia." markets with the fourth of july holiday. of the tradeo some tensions saying it will not fire the first care of shot -- tariff shot. ramy: it is just past 7:00 on wednesday. cartel is driving oil higher and prices must come down in nearly.

we are live from bloomberg's asia headquarters. i'm yvonne man. welcome to daybreak asia. the yen climbed as president trump prepares new tariffs on china. they involve 10% duties on $200 billion of products. beijing has already vowed to retaliate dollar for dollar. critics say the escalating trade were could threaten global growth. ramy: from bloomberg's global headquarters, i'm ramy inocencio in new york, where it is just past 7:00 p.m. singapore's investment giant is turning cautious after years of spending. thomas it sees global growth slowing down. renewed tension in nato. washington says members should pay more. europe says america should appreciate its allies. yvonne: starting off with some breaking news, data coming from south korea, the unemployment rate for june falling to 3.7%, better than we expected at 3.9%. the unemployment rate edging lower, perhaps suggesting a tighter labor market. we have to see how the youth breakdown and how that plays out, given we still see the youth and employment at multiyear highs. when it comes to south korea, the jobs picture may

i'm rana mitter, an historian of east asia. i have come to tokyo to find out how japan tells itself the story of the war through its movies. movies that recreate an era of devastation that still shapes this country's relationship with the region and the world. this museum in central tokyo is a record of the everyday lives of wartime civilians. everything from preparing ever scarcer food to sheltering from american bombs. and it's that perspective on the fate of japanese civilians that's at the heart of a recent surprise blockbuster. on its release in 2016, in this corner of the world seemed to catch some wider public mood and became a big hit. it's the story of a woman called suzu starting her married life near hiroshima. as the war comes closer to the islands, it brings food shortages... and worse. but at first, suzu responds with youthful creativity. have young people watched your film, how do young people react to seeing the war period portrayed on screen? finally, suzu loses her drawing hand, and her neice who's holding it,

the differing memories of the war in other parts of asia. japanese movies tend to focus on the war in the pacific, rather than events like the massacre carried out by the invading japanese army in the then chinese capital in winter 1937 — an event known in the west as the rape of nanking. although japanese journalists and academics have worked extensively and honestly on this, it is not a subject that japanese filmmakers have dealt with very much. but their chinese counterparts have certainly put the subject at the heart of their treatment of the war on screen. writer—director lu chuan's city of life and death is a vision of unsparing cruelty as the japanese army forced chinese women into sexual slavery. and this film, the flowers of war, explores very similar themes through the eyes of a young american. in this scene, christian bale struggles to stop a cultivated japanese officer take away the convent girls that he is protecting to a terrible fate. sir, they're very young. i'm not sure that it is appropriate for them to attend an adults

and could that be good news for some in asia. it i mean there's always some groups that will be able depending on how long this goes there might be you know isolated groups of groups of companies that win. but i think the challenge here is that in times of high uncertainty it's not exactly clear where you shift your investment dollars i think what you are seeing in asia and where we have a sort of silver lining is we have deepening trade linkages within asia so we have increased rush to get the transpacific partnership agreement up and running and of this year certainly by the first quarter of next year we have renewed momentum to have the regional comprehensive economic partnership sixteen countries here in asia by the end of this year at least some sort of substantial conclusion so we're seeing a lot of trade linkages being accelerated as a result of this great trade uncertainty and for asia inter asian trade as a result should dramatically increase and so that definitely has an upside and you see with the story that you just r

undercover on a wildlife smuggling trail stretching from madagascar off the southeast coast of africa across asia to malaysia on the trail of a man known as the pablo escobar of reptile smuggling or global wildlife trafficking is estimated to be worth billions of dollars every year almost as lucrative as the trade and illegal drugs and arms a key destination for wildlife trafficking madagascar over ninety percent of the country's animals aren't found anywhere else making them a prize catch for smugglers including anson wong the man nicknamed the lizard king were jailed after a sting operation in one thousand nine hundred eight he was soon back in business before being arrested again in malaysia and two thousand and ten at an al-jazeera and best again. that those arrests and subsequent convictions did not put an end to his smuggling korea from the want to want. his return off. in all his years of trying to get there is one place the lizard king has always returned to. valley bay lies in a remote corner of madagascar off the southeast coast of africa. it's home to the ploughshare the world's rarest

welcome to "daybreak asia." the top stories this tuesday, asian-pacific stocks set to extend gains after wall street hit its highest in a month. the dollar rose while treasuries fell back. earnings season will divert attention from tariffs. bloomberg's global headquarters, i am ramy inocencio in new york, where it is past 7:00 p.m. on a monday. theresa may fights for her political life. that is while eurosceptic tories quit her government. the pound the client on fears of a confidence vote. primeira liga