they also say the use ofa in shanghai. they also say the use of a highly protected economy here in china to try to set country's economy advance in the future and focus on high—tech goods. is a policy called a china 2025% by beijing and the americans have concern about one sector, microchips. outside there is the hum of passing traffic. insight, believe it or not, this is the cutting edge of china's push the high—tech supremacy. a design microchips here for cctv cameras. it is a small part ofa for cctv cameras. it is a small part of a much bigger government backed effort called made in china 2025. addressing the country's top scientists earlier this year, the chinese leader spoke about self—determination. he wants china to make its own civil aircraft, dominate in industrial robots and electric vehicles. at the camera chip firm they have high hopes that they think 2025, for their sector, is ambitious. high hopes that they think 2025, for theirsector, is ambitious. china is coming. i believe china is coming. but it tak

expand expansion plans into china and europe so there'll be a plant in shanghai. that isn't going to start producing until three years from now so that doesn't add up the popular joke amount among investor critics is now the truth has been shanghaied. the share would slump off to those figures but investors seem to believe the company can really make the mobile says don't. yeah the share winds up and. after trading on wall street up to eleven percent at one point that's because yes tesla is burning money but hey it's burning less money than we expected so that's actually considered good news and. promising profitability in quarter three now do you believe that i'm not leave that question open but yet the share price went up and in specially you went up after a conference call with investors. in the last quarter that was a very controversial scene where he were must shut down questions from investors at one point it was very rude he apologized this time and it was said that the more muted tone actually appeal to investors they like that all that's in frankfurt than

shares rising in shanghai as well. a strong yen in japan hampers trade and there are nerves in global markets this week as the new trade tariffs take effect on thursday. see you shortly. up next — newsbriefing. we'll take you through the stories making headlines in the global news media today including: the nhs in england has saved the lives of hundreds more patients with severe injuries, since a series of major trauma centres were established six years ago. a study published in the lancet also showed patients spent fewer days in hospital, as our health correspondent nick triggle reports. this shows you, top to bottom, your injuries... tom was expecting pigeon nests on his roof last october when disaster struck. he fell from the ladder on his balcony, breaking his leg, arm, wrist on the shoulder and every bone in his face. he was taken by airambulance every bone in his face. he was taken by air ambulance from his home on the kent coast to king ‘s college in london. bomb at the nearest hospital, it is the region's m

so shanghai may see a few outbreaks of rain on thursday but the main event will be friday that's when we see the worst of the storm with some damaging gusts of wind and some very heavy rain that is likely to give us a problem with flooding if we had a bit further south we can see that system again that's working its way toward shanghai thursday few showers for us in shanghai but the rain really gets going on friday with all strong winds as well further south as also some showers here over many of the southeastern parts of china including for us in hong kong actually that what weather than stretches further west across into chung do that all the way down into me and mo where we've had reports of flooding recently on the rains hit remain heavy before the towards the south and for the philippines very wet for thursday and particularly friday i wouldn't be surprised if we heard reports of flooding here. the british. welcome back you're watching al-jazeera time to recap on have lines the e used chief observer says he doesn't understand why the outcome of zimbabwe's presidential vote is tak

was the remains of junglee which did bring some rain to shanghai but thankfully not a huge amount now as i say the sun is at the temperatures in the forecast of thirty four and thirty six those soccer same sort of level strategery influence which means any one place you could out a couple degrees to that and get close to record once more so the heat wave effectively continues but there is rain coming through her car there and touching norden. time to get to sunday if you're lucky mark coming to north korea as well otherwise no real change there for the south in china the biggest rain fourth in reported in it do but you can see this green one of the prized maybe the south coast hong kong included is now the more reliably drier area i wouldn't think it was that reliable still plenty humidity in cloud but the showers are less frequent and then it shari's throughout the philippines southeast asia particularly thailand and i think me and quite possibly which he means going to be focusing in on the frequent showers science of that with the exception of the middle of sumatra the picture is p

maybe outside of shanghai as well that could be a bit of flooding from the system as it gradually runs its way towards the northwest there as we head into saturday on saturday further south plenty of showers here as you'd expect and some of them still very heavy they extend all the way towards the west now still more heavy showers every part of me and now you can see the bright white area of cloud here that's across the eastern parts of india three possible english and up into nepal that's where the worst of the weather is currently more very heavy downpours are likely on friday and saturday they could be more in the way of flooding here elsewhere towards the west it's generally dry. struggle to make war on most of them are very well done with. the she blew it. full of pleasure. an intimate look at life in cuba today. the cold war course under my boss had on me when i came out of a lot of all people why i'm hanging. on oh jesus. welcome back a quick reminder of the top stories this hour zimbabwe's electoral commission is to announce presidential results in a few hours time after offici

someone said can you do it out of shanghai? he's talking about doing 700,000 or 800,000 in shanghai the reason why you see this stock continue to climb, an outfit like goldman sachs has a sale on it, and lead with "this had a positive quarter." you don't tend to hear that. you hear nitpicking, figuring out the cash flow isn't real -- but no there are firms that are negative that i think may have to throw in the towel here after this quarter because everyone was adviced at the actual statesman like nature of musk. >> i would argue that overall narrative in the sell side research today is he's going to make the next few quarters he's going to throw everything at it to get there the longer term property building in question is more open >> what i liked about it was that he talked about the competitive nature, who's winning over about the sedan mark that everyone else is kind of and the ka abd ka a abdicated from the sedan share whether it's just something he is saying and not doing, i think the idea that they have amazing growth c

it is to make landfall south of shanghai. local media report more than 135,000 people have been evacuated, and authorities have warned residents to stay indoors. india too has been hit by exceptional monsoon rains. kerala state is on high alert after flooding killed dozens of people and forced tens of thousands more from their homes. state authorities were forced to open the floodgates of overflowing reservoirs. translation: we have faced destruction like never before in our state. the situation is so bad that we had to open all 22 dam shutters at once, which has never happened before. relief efforts in india are being stepped up as waters recede. while back in china, ships are ordered back to port and residents of guangdong brace themselves for another tropical storm. the families of 29 children killed in an airstrike on a bus in yemen are preparing to bury their dead as the un calls for an independent investigation into the attack by the saudi—led coalition. since 2015, unicef says nearly 2,400 children have been killed â

tom mackenzie in shanghai. hong kong in the middle of its biggest summer for ipos, however of stock market has been lackluster with little to stoke excitement. let's get over to sophie kamaruddin the hong kong stock exchange. the debut has been marked by a lack of enthusiasm best far, why? i don't think sophie can hear me. why the lack of enthusiasm there for this particular offering, china tower. a couple of audio issues there. we can have a look at first word news. some of the stories making headlines, particularly having a look at the u.s. .iring another salvo here is first word news. >> the trump administration says it intends to reimpose sanctions and considering further penalties after that. the national security adviser told fox that any waivers will be few and far between. the renewed tensions are having an effect. speculation is rising that turkey will need to controls and a bailout from the imf as the currency reels from monday's plunge. the currency remains vulnerable as officials head to washington

aluminum surging in shanghai. this as a mystery chinese trade is feeling to gain -- fueling up again. .- fueling the gain rishaad: we are looking at second quarter gdp to be up 6.6% on last year. we await these numbers. there is a lot of pressure with the inflation reading on the central bank tight breaks -- hike rates. >> the economy is broadly doing well. gdp numbers are strong. inflation is at a five-year high. they are struggling with higher rice prices and higher oil prices are also impacting. there is a feeling the philippine central bank has to move by as much as 50 basis points. movekers are considering a , such as lowering tariffs or making it easy to get imports. all accounts, there is a certainly pressure on the positives. governor, willk he be behind the curve? >> there has been with the weakness of the currency. if you were to compare them to indonesia, indonesia was being very proactive during the emerging markets volatility. they made it clear they were trying to get ahead of the curve. bank is a pe

we get the views of hong kong and shanghai hotels ceos, next. this is bloomberg. ♪ ♪ >> iran is bracing for tough new u.s. tangshan with the reinstatement of them three months after president trump decided to abandon the 2015 nuclear deal. let's take a look at this chart in terms of the performance of oil historically. this is in your gtd library. iran tumbled under previous sanctions and we are getting reports that the u.s. has been having trouble convincing the likes of china to cut their iranian oil imports. let's take a look at implications of these broader sanctions. we are joined now from tokyo we don't actually know when the last round of take place but what are we anticipating the impact? sanctions are oil about to take place in november, in the u.s. at the moment has been working with various to reduce oil sanctions to zero. then trump came in and there was a lot of criticism, saying that opec needs to pump more, which opec eventually agreed to. prices have tapered off somewhat and have come down a bit. the other impact it is having

it shanghai composite, before we got those headlines, the best one-day gain. it wasn't clear what the primary factor was. we did get a report afterwards chinese foreign exchanges unexpectedly rose. finally that move and the lira. we have the lira bouncing off the lows after reaching that record low. what is making headlines outside the business world. >> president trump tweeted when it comes to iran he is looking for world peace, nothing less. sanctions kicked in today, the first since the president withdrew from the nuclear agreement. he said countries doing business with iran will not be doing business with the u.s.. a diplomatic crisis. fell 6% before rising today after reports that turkish officials are heading to the u.s.. in the u.k. prime minister theresa may is resisting the european union timetable for brexit talks and hoping president trump may help. the u.k. once a later deadline. may thinks at the end of november the eu will be so preoccupied they will want to get a brexit deal wrapped up. global news 24 hours a day on air and on tictoc on twitter.

ramy: tom mackenzie in shanghai for us. for more, let's bring in iris peng, ing bank's greater china economist. we got the headlines, the u.s. saying they will put in tariffs on a further $16 billion. to what degree does this push things to a more tense situation for you? iris: this is actually, going forward in the expected direction, because we are ready know that the $16 billion will imposed, and china has already shown a list of $16 billion retaliation. the next question, more important, is whether the $200 billion, 25% on $200 billion, will be imposed. if it will, is it the same shown by thehose u.s.? if that's the case, it covers china's imports into the u.s. not onlyay, china will worth ofe $16 billion tariffs, but will retaliate qualitatively. that means it may do something like, national security reason for u.s. companies operating in in china. ramy: we are looking at pain at data.ges of the looking ahead to china's foreign reserves, to you think we will see that? we can see where chinese foreign reserves stand, in

the shanghai composite another 1% it fell 2% yesterday shanghai, which is the domestic chinese market, they have the shenzhen, the hang seng. the shanghai is down 20% in just six months that big drop causing china to lose its position as the world's second biggest stock market. financial times siz the c s saye market is just below $1 trillion the value of the u.s. stock market, about 31 billion a check of the european markets as well. a lot of numbers here, they're green. outside of stocks, here's the global currencies and commodities. the price of oil down a bit. 0.4% nothing moving except for bitcoin. what happened to bitcoin 8,000 seems like last week it was last week now at 7,361 let's bring in bill stone from stone investment partners. he likes to get up early and tweet early. anyone who tweets the simpsons at 4:30 a.m. eastern is a friend of ours. thank you for joining us i want to start with apple i know you're not here for single stock stuff, but does apple matter it's a dow component, but as a wealth manager, a fund manager, does apple matter to you from a macro market perspe

focus on delivering cups of coffee via remote up every judge deliveries are set to begin in beijing and shanghai next month starbucks hopes to fend off a challenge by beijing stuff left in coffee which is expected rapidly on the back of them based livery starbucks remains the dominant force in china it says it opens a new cafe there every fifteen hours. for china's foreign ministry says it won't be blackmailed the u.s. is ratcheting up the pressure in the tariff dispute it comes as the ozzy in conference gets underway in singapore asian nations already searching for alternative trade that's. a free trade agreement signed by sixteen asian countries by the end of the year this is the ambitious plan for destroying the albion missing in singapore. the move comes after the united states withdrew from

it is due to make landfall south of shanghai. local media report more than 135,000 people have been evacuated, and authorities have warned residents to stay indoors. india, too, has been hit by exceptional monsoon rains. it is on high alert after flooding killed dozens of people, and forced tens of thousands more from their homes. state authorities were forced to open the floodgates of overflowing reservoirs. translation: we have faced destruction like never before in our state. the situation is so bad that we had to open all 22 dam shutters at once, which has never happened before. relief efforts in india are being stepped up as waters recede. while back in china, ships are ordered back to port and residents of shaanxi province brace themselves for another tropical storm. the people of the south indian state of kerala are big fans of a form of football known as sevens. players from africa have increasinglyjoined teams there, and they are quickly becoming huge stars. the bbc caught up with one player who is hoping his success in

beijing countless times so how can china be more racially inclusive for more on this we're joined from shanghai by new should know you should davis a writer and content creator she recently wrote an article for six tone that asked whether films such as black panther can change chinese attitudes towards race and hong kong we have a bird focus theo an assistant professor on the cultural studies program at ling then university for the last six years he has researched the experiences of africans in china particularly those living and working and. is a political scientist focusing on migration and citizenship she joins us from the danish capital copenhagen and from the chinese capital beijing we have hanna right there she is c.e.o. of development reimagine that's a consulting firm on links between china and africa welcome to the stream everyone let's get started on twitter with the thread that i mentioned earlier that sparked today's discussion benedict say a graduate student in beijing she writes let me put it this way china is not for the faint hearted and she went on to explain what she meant in

robin in shanghai, karishma in singapore, we will be coming back to this. not now. i need to go. thank you. stay with us on bbc world news. still to come: "pray the gay away" — we take a look at the new film tackling the controversial issue of gay conversion therapy. washington, the world's most political city, is today assessing the political health of the world's most powerful man. indeed i did have a relationship with miss lewinsky that was not appropriate. in fact, it was wrong. in south africa, 97 people have been killed today in one of the worst days of violence between rival black groups. over the last ten days, 500 have died. chanting: czechoslovakia must be free! russia is observing a national day of mourning for the 118 submariners who died on board the kursk. we all with them now within our hearts. the pope has celebrated mass before a congregation of more than 2.5 million people in his hometown of krakow. "stay with us, stay with us," chanted this ocean of humanity. "well, well," joked the pope, "so you want me to desert rome?" this is bbc world news. the latest hea

beijing countless times so how can china be more racially inclusive for more on this we're joined from shanghai by new should know you should davis a writer and content creator she recently wrote an article for six tone that asked whether films such as black panther can change chinese attitudes towards race and hong kong we have a bird took us theo an assistant professor of the cultural studies program at ling then university for the last six years he has researched the experiences of africans in china particularly those living and working and. is a political scientist focusing on migration and citizenship she joins us from the danish capital copenhagen and from the chinese capital beijing we have hannah right there she is c.e.o. of development reimagine that's a consulting firm on links between china and africa welcome to the stream everyone a let's get started on twitter with the thread that i mentioned earlier that sparked today's discussion benedict say a graduate student in beijing she writes let me put it this way china is not for the faint hearted and she went on to explain what she mean

their expense expansion plans into china and europe so there'll be a plant in shanghai. that isn't going to start producing until three years from now so that doesn't that up a popular joke amount among investor critics is now the truth has been shanghaied. the share would slump off of those figures but investors seem to believe the company can really make the mobile. yeah the share winds up in. after trading on wall street up to eleven percent at one point that's because yes tesla is burning money but hey it's burning less money and then we expected so that's actually considered good news. is promising profitability in quarter three now do you believe that i'm not leave that question open but yet the share price went up an especially you went up after a conference call with investors. in the last quarter that was a very controversial scene where he were must shut down questions from investors at one point it was very rude he apollo. this time and it was said that the more muted tone actually appeal to investors they like that. ball that's in frankfurt thank you very muc

beijing countless times so how can china be more racially inclusive for more on this we're joined from shanghai by new should know you should davis a writer and content creator she recently wrote an article for six tone that asked whether films such as black panther can change chinese attitudes towards race and hong kong we have a bird took us theo an assistant professor of the cultural studies program at ling then university for the last six years he has researched the experiences of africans in china particularly those living and working and. is a political scientist focusing on migration and citizenship she joins us from the danish capital copenhagen and from the chinese capital beijing we have hannah right there she is c.e.o. of development reimagine that's a consulting firm on links between china and africa welcome to the stream everyone let's get started on twitter with the thread that i mentioned earlier that sparked today's discussion benedict say a graduate student in beijing and she writes let me put it this way china is not for the faint hearted and she went on to explain what she me

in asia overnight, the shanghai composite the worst performer of their tab one and a 3% in shanghai. devastation in indonesia. a major earthquake killing dozens of people in more than 100 aftershocks felt throughout the region. another scandal for wells fargo. gerri will be up shortly discussing the banks revealed that hundreds of people lost their homes because of a computer glitch. there were foreclosed on unfairly. let's talk about the compensation that will be coming out. samsung taking on the iphone and confirming upgrades to its galaxy note nine. talk about a dream job. the maker of new tele-is hiring

china's started the week with its shanghai stock market being the worst performer in the region this year. but will it take for a bounceback? and one bakerfinds sweet success using social media as a mainform sweet success using social media as a main form of marketing. sweet success using social media as a mainform of marketing. —— mcgregor. hello and welcome to asia business report. i am sharanjit leyl business report. i am sharanjit leyl. we start in china, where the shanghai composited has emerged as asia's was performing stock market in 2018. the index is down almost 20% for the year. on friday, stocks closed their worst week since february. donald trump has sent a tweet over the weekend saying that his strategy of steep tariffs on chinese imports is working far better than ever anticipated. this tweet followed a statement from chinese officials have threatened new tariffs on $50 billion worth of us goods. simon littlewood says the negative sentiment is dunedoo affect confidence in the chinese markets. in fact, the ceo of the organisation said the concern of the trade will co

the big thing with the london-shanghai connect is this idea of fungibility. companies that traded on both markets, that you could swap one share for the other. the danger from china's point of view is they feel, what's stopping someone who holds the hang shy share, swapping those shares for similar shares in pounds and dollars, thereby circumventing the capital control process. so they're now talking about introducing some kind of controls over your ability to swap those shares. which would mitigate some of the benefits of the supposed program. what investor would want to buy a share when the chinese regulator could turn around the next day and say, actually you're no longer allowed to swap this share across for the like share in london or shangsny rishaad: the old days, i suppose. if it comes to pass, this -- how do you think investors will react? >> that's the question. how much investor interest would there be in buying this product? that's a debate that's going on at the moment. in the background between the people involved in trying to put this thing tog

haidi: looking ahead to the hong kong and shanghai shenzhen opens. a look commodities, earnings in australia. $878 milliontals when it reported on monday. let's look at how they are planning to contend with all this. we will talk about the slowdown in shining, ongoing trade tensions. with me is the fortescue metals ceo. great to see you again. it was a tough period. a lot of this was down to pricing discounting. how do you plan to address this? >> actually, we are really pleased to the with the result. we delivered 170 million tons of iron ore and a net profit of one $1.1 billion. our shareholders have really benefited from the strength of the company. in the context of our strategy moving forward, we do have a strategy to release a new product. % iron content1^ that will add to our product suite. that will be released in the second half of this financial year. our rail project which is a $1.3 billion capital investment, that will come online in december 2020 will add to our ability to produce this top-of-the-line product. haidi: 62% is benchmark. wi

it is to make landfall south of shanghai. local media report more than 135,000 people shanghai. local media report more than 135, 000 people have shanghai. local media report more than 135,000 people have been evacuated and authorities have warned residents to stay indoors. india too has been hit by exceptional monsoon rains. kerala state is on high alert after flooding killed dozens of people and forced tens of thousands more from their homes. state authorities were forced to open the floodgates of overflowing reservoirs. translation: we have faced destruction like never before in our state. the situation is so bad that we had to open all 22 damn shutters at once, which has never happened before. -- dam. relief efforts in india are being stepped up as waters recede. while backin stepped up as waters recede. while back in china, ships are ordered back in china, ships are ordered back to port and residents brace themselves for another tropical storm. protests are taking place in washington a year after a woman was killed at a white nationalist rally in cha rlottesville. killed at

hello there shanghai's weather is about to get rather wild again if we look at the satellite picture we can see this spiraling area of cloud just in the far eastern corner of arm up there that is gradually working its way towards the west and it's strengthening as it does so this used to be a thai food is the one that worked its way across japan then fizzled out and began to reform off q shoot and now it's working its way steadily towards the west so by the time it hits shanghai then we're expecting it to have the winds of a tropical storm so fairly ferocious but it's the rain that's going to cause most of the problems so shanghai and the surrounding region could see some very very heavy downpours as we head through friday and into saturday to further south you see plenty of showers here some of them very heavy and they stretch all the way towards the west and across into me and ma to it's over towards a little bit further west with still low that we've got the worst of the weather over many parts of bangladesh in the eastern parts of india very wet at the moment and that's the way i

hello there shanghai's weather is about to get rather wild again if we look at the satellite picture we can see this spiraling area of cloud just in the far eastern corner of our map there that is gradually working its way towards the west and it's strengthening as it does so this used to be a thai food is the one that worked its way across japan then fizzled out and began to reform of q sure and now it's working its way steadily towards the west so by the time it hits shanghai then we're expecting it to have the winds of a tropical storm so fairly ferocious but it's the rain that's going to cause most of the problems so shanghai and the surrounding region could see some very very heavy downpours as we head through friday and into saturday two further south you see plenty of showers here some of them very heavy and they stretch all the way towards the west and across into me in mar to it over towards a little bit further west with still low that we've got the worst of the weather over many parts of bangladesh in the eastern parts of india very wet at the moment and that's the way it'

it is due to make landfall south of shanghai. local media report more than 135,000 people have been evacuated, and authorities have warned residents to stay indoors. india, too, has been hit by exceptional monsoon rains, and is on high alert, after flooding killed dozens of people and forced tens of thousands more from their homes. state authorities were forced to open the floodgates of overflowing reservoirs. translation: we have faced destruction like never before in our state. the situation is so bad that we had to open all 22 dam shutters at once, which has never happened before. relief efforts in india are being stepped up as waters recede. while back in china, ships are ordered back to port, and residents of the province brace themselves for another tropical storm. a spacecraft launched by nasa from cape canaveral in florida has begun a long journey towards the sun and an orbit that will get it closer to the sun's surface than any previous mission. the parker solar probe is about the size of a car and protected by a special

it is due to make landfall south of shanghai. local media report more than 135,000 people have been evacuated, and authorities have warned residents to stay indoors. india, too, has been hit by exceptional monsoon rains, and is on high alert, after flooding killed dozens of people and forced tens of thousands more from their homes. state authorities were forced to open the floodgates of overflowing reservoirs. translation: we have faced destruction like never before in our state. the situation is so bad that we had to open all 22 dam shutters at once, which has never happened before. relief efforts in india are being stepped up as waters recede. while back in china, ships are ordered back to port, and residents of the province brace themselves for another tropical storm. it's a fantastic weekend for star gazers as we're being treated to a brilliant meteor show. it happens every year around this time, and is famous for being brighter than any other meteor shower. keith cowing is editor of nasawatch.com. he's in reston virgina. whe

shanghai composite down 2% japan down 1%. the asian markets all getting walloped overnight on that news. what about the european trade. let's bring that up. we'll look at europe german dax up 1.7% all the major indexes are in the red. outside of the stock market, crude oil not being impacted euro/dollar down to 116.18 gold not moving. bitcoin up 0.4%. all right. let's get into all of this news and bring in simon derek from bny mellon we have china out there. we have new trade concerns that are in the market. do you think china will directly or indirectly retaliate by continuing to let its currency weaken >> indirectly i do i don't think they will intervene to drive the currency lower, but stepping back at a time when there are concerns about the my and at a point when easing monetary conditions are putting in, it's easy for him to weaken his currency consistently this is what happened in the aftermath of the 10% tariffs maybe the move towards 25% tariffs now is in response to that so, yeah, it feels like we have a fairly dire

narrator: shanghai is to china what new york is to america. a symbol of success and a warning about the price that may have to be paid. professor geofoffrey heal: china isn't just an economic super power these days, it's a green house gas super power too. china has now

go that route they come from all over the country from change on shape john shanghai. beijing and he's from the northeast we're in a favorable transport location which is good for business in every regard. ten years ago we were still in our home village but we moved to the city to make money when the economic reforms came. from the streets in the venous china is undergoing a radical shift particularly in the west of the country and inching jang all these cities being built in the desert are cities with skies great at the u.s. they're moving. and there's a lot of activity everywhere. lights and even music and color okey vos images that are war teeth of it or get this from the x. ray it's a message to the chinese population is to attract people to these remote areas of the earth a preview trying to find something. to make it possible for people to move to the remote province of change young or to trade their beijing has extended its high speed train along the entire new highway . the travel time for the two thousand kilometers between lunch show and room she is now at ju

go that route they come from all over the country from change on stage on shanghai. beijing and even from the northeast we're in a favorable transport location which is good for business in every regard. ten years ago we were still in our home village but we moved to the city to make money when the economic reforms came. from regionally the minister china is undergoing a radical shift particularly in the west of the country and inching janko all these cities being built in the desert are cities with skies great pose better than us they're moving. and there's a lot of activity everywhere with lights and even music and car oaky vasu it's got award theatre that i work at there's one backs for it it's a message to the chinese population it's to attract people to these remote areas that there was the previous high and so and so. to make it possible for people to move to the remote province of shane jiang or to trade their beijing has extended its high speed train along the entire. new highway . the travel time for the two thousand kilometers between launch show and room s

go that route they come from all over the country from ching john chait john shanghai. beijing and even from the northeast we're in a favorable transport location which is good for business in every regard. ten years ago we were still in our home village but we moved to the city to make money when the economic reforms came. from the streets and reveal a china is undergoing a radical shift particularly in the west of the country and inching jang all these cities being built in the desert are cities with skies great because of the numerous they're moving that there's a lot of activity everywhere. lights and even music and color okey vos images cut awards teeth of it all worth it they say. it's a message to the chinese population that is to attract people to these remote areas of the earth the previous high and so and so. to make it possible for people to move to the remote province of shin jiang or to trade their beijing has extended its high speed train along the entire new highway . the travel time for the two thousand kilometers between lunch show and room she is now a

go that route they come from all over the country from chin john chait john shanghai. beijing and even from the northeast we're in a favorable transport location which is good for business in every regard. cash ten years ago we were still in our home village but we moved to the city to make money when the economic reforms came. home regionally being honest china is undergoing a radical shift particularly in the west of the country and inching jang all these cities being built in the desert are cities with skyscrapers anywhere as they're moving. and there's a lot of activity everywhere with lights and even music and car oaky vast car award he is of a car worth at this context it's a message to the chinese population it's to attract people to these remote areas that are for the privileged and so. to make it possible for people to move to the remote province of shin jiang or to trade there beijing has extended its high speed train along the entire and. new highway. the travel time for the two thousand kilometers between lunch show and room she is now at just ten hours dow

amongtocks and airlines the laggards of fark in shanghai -- among the laggards so far in shanghai. that has brought the index to a 10 month low. faces the hong kong biggest quarter since 2010. you have hope, education listing today. china tower next wednesday. when it comes to stocks on the radar, checking in on china, resources, beer up almost 9% on the back of its $2.1 billion tie up with heineken. mgm high -- mgm china higher. and beatas cut, estimates for the stock to factor in lower hold rates at mgm peninsula. up pace at mgm qatar. goldman also cut the 12 month price target for ck assets by 9% despite the company posting stronger first half earnings along with ck holdings. when it comes to what is helping boost the mood in hong kong, that is tencent. rising for the first time in seven days. we have seen the share price ticket tumble to a 10 month low. -- take a tumble to a 10 month low. the price target this week by 4%. we do have tencent gaining ground, despite 11 brokers having jumped on that price target cut bandwagon. rishaad: thanks. going to continue to talk about tence

over the next few days and not a great deal of wet weather across this region has told so force in shanghai should be drawing fire and with the temperatures up to around thirty five or thirty six degrees there will be a few showers but most of them require a long way towards the southwest meanwhile for the south and forth across the philippines incredibly wet at the moment and staying that way as we head through into thursday looks like the rain here will be very heavy and some of us are likely to see some flooding out towards the west there's also been some heavy rains here not only through india bangladesh and the poor but also some very heavy rains in the northern parts of pakistan as well in fact some places there are reporting as much as one hundred thirty two millimeters of rain that is easily enough to give us a problem with flooding more wet weather is expected over the next few days so there could be more in the way of flooding but i think the heavier rain as we head through wednesday and into thursday will be across the central region of india here the showers really do look quite

the shanghai composite doing its best day in two years as we started to see a slow bit of trading in europe and the united states. here is what happened when i sent the dollar weakness. we saw that for most on our side of the atlantic, driving higher. .5%.ntly up danish are also on the green. seems options traders are not very bullish, they feel it is unlikely to hold. we did see the risk actually pointing to one of the biggest bearish sentiments that we have seen since earlier in june. now we see the british pound a sickly flat against the u.s. dollar and the u.s. dollar just coming off of its lows, bouncing back as we have the auction. $70 billion worth really pushing up the yield at the moment. but overall, it was a day of dollar weakness. i'm looking lastly at of course against the turkish lira. the dollar still painfully week for trading at the moment. we are currently seeing the trading at five point 28 or thereabouts. and we saw it hit a record low in yesterday's trading. and the central bank came in and tried to support the economy in some way today but not nearly enough, so

the older they come from all over the country from sheen john chait john shanghai. beijing and he's from the northeast we're in a favorable transport location which is good for business in every regard. ten years ago we were still in our home village but we moved to the city to make money when the economic reforms came. from the streets and living in a sign is undergoing a radical shift particularly in the west of the country and inching jang all these cities being built in the desert are cities with skyscrapers at the u.s. they're moving. and there's a lot of activity everywhere. lights and even music and caro he vos cut awards he thought that i would get this thanks for it's a message to the chinese population is to attract people to these remote areas where there was the privileged and so and so. to make it possible for people to move to the remote province of cian jiang or to trade their beijing has extended its high speed train along the entire new highway . the travel time for the two thousand kilometers between lunch show and room she is now at just ten hours

go that route they come from all over the country from ching john chait john shanghai. beijing and even from the northeast we're in a favorable transport location which is good for business in every regard. ten years ago we were still in our home village but we moved to the city to make money when the economic reforms came. from the streets and if you notice china is undergoing a radical shift particularly in the west of the country and inching jang all these cities being built in the desert are cities with skyscrapers anywhere as they are moving. and there's a lot of activity everywhere with lights and even music and car oaky vase at award that i work at this context it's a message to the chinese population it's to attract people to these remote areas that there was the previous high density answer. to make it possible for people to move to the remote province of shin jiang or to trade their beijing has extended its high speed train along the entire new highway . the travel time for the two thousand kilometers between lunch show and the room she is now at just ten hour

the shanghai composite down. ramy: the latest out of shanghai. thank you. that's continue this conversation. joining us now is barry author of "the populist temptation: political reaction in the modern era." looking at what has been happening and trying to bring this all in together, what are of your recentne pieces says we have to wait for this fallout happens. we are seeing the fall in chinese equities. i sm starting to for -- ism starting to fall. ppi as well. barry: financial markets are starting to sit up and notice. it's clear. economic growth has not suffered yet. the chinese economy maybe slowing a little bit. -- may be slowing a little bit. we will see the negative impact on output and growth in the coming quarters. trade wars are a big source of uncertainty, negative for investment, and that will weigh on both economies. ramy: the $16 billion of tariffs coming from the unit dates, to what degree cannot move the needle -- united states, to what do we can -- to what degree cannot move the needle? barry: i would have expected by now that they would h

we had a decent rally in the shanghai equity market yesterday. looking likeina they will get off to a good start today as well, so incrementally, a stabilization sentiment from the authorities here. difficult on the long-term basis though still. ramy: in australia, with the rba yesterday, we saw the central bank change its language in the policy statements. to what degree has this done to change expectations for when the rba might eventually raise interest rates? adam: let's be clear here. the rba is only knowledge and the facts, and the facts -- acknowledging the facts. globally, the economic environment is one of the huge impetus to rba inputs, as much as they would like to only worry about domestic things. in terms of what it has done for people with interest rate expectations, we are still in this record period of keeping low rates. it barely budged on the statement and commentary yesterday, and it is looking firstugust 2019 as the meeting where you would likely get a hike by us. still neutral from the rba's point of view, although the market

about a deal with the shanghai government. that was a huge missing piece of that announcement a few weeks ago. factory was the most recent big factory that tesla has built. they talked about the costing them $5 billion. this is in the range of what the cost of that plant was. that is a huge facility. musk recently talked about how walking that is a good exercise. it takes couple of hours. this is on that scale. there going tose need some help with financing for it. they ended the first quarter with $2.7 billion in cash. they are probably going to burn through a few hundred million again in the second quarter. we will find out later today the specifics on that. they are not in a position where they can be throwing money around on new facilities. on, itn everything going is awfully tempting to say maybe this is a response in part to that. china was saying they will be targeting electric vehicles. how much of this is really elon musk saying let's get together almost against president trump? >> i think it is very likely to be a ca

cheryl: stocks in asia rose rebound in the shanghai composite to .7%. stock surely higher in hong kong as well. >> will tell you about the latest kfc colonel. "fbn:am" starts right now. gerri: 5:01 a.m. and 1:00 a.m. in new york on tuesday, august 7th. and gerri willis in for lauren simonetti. >> good morning. i'm tracey carrasco and four cheryl casone pippa said george christie is that? gerri: those things don't go together in my brain. >> me neither but we will see. gerri: breaking overnight president trump to keep it on his promise to impose sanctions on iran's economy. tree into more from blake burman. >> resident trend moving forward with renewed tensions against a win. in may, the president removed united states from the iran nuclear deal but does not back sanctions attached at the decision hit for the first time at midnight at the sanctions target buying and selling iranian currency along with iranian sovereign debt. by her supplying metals like steel, aluminum and call on the honda motor sector is the focus as well. the administration says this

transfer you can see mixed results that indicate japan's two and a quarter% that the shanghai composite in china down two tenths of 1%. trained to be moving forward but the questions remain if he actually secured any funding. "fbn:am" starts right now. lauren: 5:01 a.m. in new york. tuesday the 14th of august 18 for joining us. i'm lauren simonetti. cheryl: good morning, everybody picking cheryl casone. a lot of news to get to overseas. lauren: police have arrested a man outside of parliament after his car crashed into security barriers. a number of pedestrians have been injured at scott and you cannot say if the incident is related to terrorism at this point but the nearby westminster nation has been closed in the area around parliament has headquartered off. the site of a terror attack in march of last year when khalifa massoud plodded car into crowds on westminster bridge. four people died. we will provide further information on this accident from this incident when we have it. train to read to cover the in turkey. the lira has now stabilized near lows for right now after the currenc

worldwide to hit the trillion dollar value petro china did it very briefly eleven years ago on the shanghai exchange market analysts expect amazon and alphabet that's the company that owns google to be next to him and sun is the c.e.o. of social flow which advises social media companies he's also a commentator on social media and technology he says these results are a reflection of the loyalty of apple users but also of the strength of the tech market the tech sector surely has been performing phenomenally the growth in these tech companies had a few bumps lately with earnings really.

been at least this white port of cloud in sichuan and your non but the low mass you see there from shanghai is remains a jungle you're talking winds across japan were four or five days ago and has no more than the mass of heavy rain it'll appear is in hot showers probably this thing new otherwise showers yes the drifting around in southern china missing hong kong at least on saturday maybe not so much on sunday by which time sichuan it's dry as well the monsoon at its height now still producing day after day of rain or to pradesh. lesser in behind this general area and very recently as to flooding on the ground in this probably more to come this heavy rain in the poled to baton plateau in the northeast of india to an increasingly down that western coast again from mumbai and through to carolina he was carer loans so last week's rain otherwise a dry overseas to humid picture for the most of the rest of india and pakistan and that's true of amount to the hint maybe of a shower a shower or thunderstorm in the high ground the east of amman otherwise no surprise in the arabian peninsula except t

the shanghai market f ralliedrom 2014 and 2015,ore than doubled in value. again it collapsed and is trading 45% lower than 2015. according to one analt, this would have very little impact on consumer spend organize consumer sentiment. there's a bit of a disconnect. the fact that china's sck market does not necessarily reflect the state of the chinese economy has very important policy implications. so for exple, further declines in chinese equities may not push the country's leaders into an favorable trade deal with the united states. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> there is also progress being co.e on trade with me a top white house economic adviser said that washington is quotevery, ver close to coming to an agreement. mexico's economy minister mad simila comments today saying he hopes to resolve issues surrounding t renegotiation of nafta by the middle of next week. > now despite the positive news on trade today, there are other issues the market has to contend with and that's one wf the reaso pimco is tal

. >>> your number to watch today is china the shanghai index down again today. closing down 0.6%. hong kong down as well consider this, the shanghai index composed of the biggest companies in domestic china is at a four-year low four years of gains have been wiped out. let's get more on the asia trade as well as big news from china that is helping the u.s. market look good at this hour let's get now to our own nancy hungerford live in our singapore newsroom with more >> hi, brian i wish i could bring you better news it was still a down day for asian markets. i will say it could have been worse. the news you've been talking about, that beijing is ready to send a trade delegation to washington, the fact their vice commerce minister is headed to washington did improve risk appetite here. we saw an improvement pairing back losses on the session the likes of the nikkei 225 at one point turned positive. couldn't hold for the close but it did close on the flat line. when it comes to the greater china markets, still in the red. some of this was down to improvement earlier in the session.