nothing really like the cuisine to serve in taiwan but. because taiwan. and china have a special relationship that there's a there's a definite influence on the crew on the cuisine taiwanese cuisine but i will say taiwanese cuisine is about fusion it's very very healthy very fresh it's not greasy i associate chinese food with being very greasy. no no no no not at all it's very clean and that's what i liked about it because i didn't gain any weight. tofu steak yes. this is no joke it was it's tough that's a challenge because obviously if you smell something like a like i said it was like a farm you know i mean it's like going you walk into a farm where there's stinky pigs and things you're not going to eat and it really smelled it was you really notice this for it was fermented something it just reeked and i thought there's no way i can eat here and they brought it out and i thought there's no i'm eating that and to taste it though it was really really mild it wasn't it was different from the way that it smelled so but still it was a challenge to have that

because by the way taiwan said we don't want this anymore once they figure it out but to open a back door into the hong kong judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china and once people understood made that connection they realised that this is probably the most profound threat of many threats since they hand over to hong kong liberties and that's where what they want in the street went on to the streets in a way that i think is nothing short of heroic and why is it you think that that heroism won't actually count in the long run you said it yes actually that it's futile the chinese the mainland chinese from a western point of view are famous for their long time horizons there's even apocryphal jokes about that but they waited 100 years to get hong kong back in 1907 then they made a deal for 50 years and at the time we. in the west we're hoping well a lot can happen in 50 years maybe hong kong will change china more than china will change on kong it's not completely clear that times of change china is

because taiwan. and china have a special relationship that there's a definite influence on the on the cuisine taiwanese cuisine but i will say taiwanese cuisine is about fusion it's very very healthy very fresh it's not greasy i associate chinese food with being very greasy. no no no no not at all it's very clean and that's what i liked about it because i didn't gain any weight. just to be tofu steak yes. 6 this is no joke it was it's tough that's a challenge because obviously if you smell something like a like i said it was like a farm you know i mean it's like going to walk into a farm where there's stinky pigs and things you're not going to eat and it really smelt it was you really noticed this for it was fermented something it just reeked and i thought there's no way i can eat here and they brought it out and i thought there's no i'm eating that and to taste it though it was really really mild it wasn't it was different from the way that it smelled so but still it was a challenge to have that sme

because taiwan. and china have a special relationship there's a definite influence on the on the cuisine taiwanese cuisine but i will say taiwanese cuisine is about fusion it's very very healthy very fresh it's not greasy i associate chinese food with being very greasy. no no no no not at all it's very clean and that's what i liked about it because i didn't gain any weight. does stick yes. this is no joke it was it's tough that's a challenge because obviously if you smell something like a like i said it was like a farm you know i mean it's like going and you walk into a farm where there's stinky pigs and things you're not going to eat and it really smelled it was you really notice this for it was fermented something it just reeked and i thought there's no way i can eat here and they brought it out and i thought there's no i'm eating that and to taste it though it was really really mild it wasn't it was different from the way that it smelled so but still it was a challenge to have that smell all aroun

so if taiwan a subset of this arrangement you would be having taiwan acknowledging that it is indeed part of china which is politically impossible so taiwan practically has told hong kong to get lost when it comes to this extradition can prophesy but this still pushing it ahead and it's now very clear that hong kong is the ultimate target we don't have any confidence we don't have any trust in china's. rule of law rather than lack of it right right trust chinese judiciary or legal system right let's get let's come to you then. go out in beijing clearly firm from what we've been hearing from claudia there's no faith the tour in the chinese authorities particularly when it comes to. the judicial system can you wonder about it when you've got 2 canadians who's been arrested allegedly on on political politically motivated charges in order to hit canada for their arrest of a huawei executive so there are lots and lots of questions about the chinese judicial system. well 1st of all the fact that there are demonstrations in hong kong speak to the fact that hong kong is a democracy people in

scarlet: you can say that taiwan is a backdoor bet on apple's supply chain, but taiwan has the bet on china as well. because taiwan has the biggest ranking in your fund, could you make the argument that taiwan's companies and fortunes are directly connected to chinese economy? since the 1990's, 1200 taiwan listed companies have invested $87 billion into the mainland. >> a lot of these taiwanese companies do have their factories and manufacturing in china because that benefits their shareholders and the cost. so, freer countries do have the ability to work with other countries, we do not penalize freer countries that trade with unfree countries. chile is also a very free country and they trade with china, but we do not penalize them for the free trade. if they want to move the factories out of china anytime, they could. if those benefits for them go away for their shareholders, they could easily move that part of their business somewhere else. scarlet: and they are talking about doing a little bit of that, as well? eric: and some of the other countries not in it, russia, brazil, and sa

because taiwan. and china have a special relationship that there's a there's a definite influence on the on the cuisine taiwanese cuisine but i will say taiwanese cuisine is about fusion it's very very healthy very fresh it's not greasy i associate chinese food with being very greasy going to austria that you know no no no not at all it's very clean and that's what i liked about it because i didn't gain any weight. does tofu stick yes. this is no joke it was it's tough that's a challenge because obviously if you smell something like a like i said it was like a farm you know i mean it's like going to walk into a farm where there's stinky pigs and things you're not going to eat and it really smell it was you really notice this for it was fermented something it just reeked and i thought there's no way i can eat here and they brought it out and i thought there's no i'm eating that and to taste it though it was really really mild it wasn't it was different from the way that it's mouth so but still it was

support for taiwan do you think that a way of easing tensions between china and taiwan can ever be found. well nobody expects and you need a solution to the taiwan issue but i'm being tenants of the status quo apparently it's acceptable to all parties concerned at the moment of course the presidential you know action of taiwan which will take place in the very beginning of trendy trendy one has attracted considerable attention because the presidential primaries have already been making preparations and it is apparent that the chinese authorities are trying to influence the presidential election by indicating a preference for certain candidates within the coalmine tang hands to taiwan issue comes into the picture and now just a chang political scientist thank you for joining us on the program. english football club liverpool have won the champions league the 6th time the club has lifted the trophy and the fans at home painted the town red with more than $750000.00 of them taking to the streets. or her. to him or her. on r t just a marine you're has been covering the tournament and his on

so if taiwan a subset of this arrangement you would be having taiwan acknowledging that it is indeed part of china which is politically impossible so taiwan practically has told hong kong to get lost when it comes to this extradition control oversee but this still pushing it ahead and it's now very clear that hong kong is the ultimate target we don't have any confidence we don't have any trust in china's. rule of law rather than lack of it right right trust chinese judiciary or legal system right let's let's come to you then. go out in beijing clearly firm from what we've been hearing from claudia there's no faith the tour in the chinese authorities particularly when it comes to . the judicial system can you wonder about it when you've got 2 canadians who's been arrested allegedly on on political politically motivated charges in order to hit canada for their arrest of a huawei executive so there are lots and lots of questions about the chinese judicial system. well 1st of all the fact that there are demonstrations in hong kong speak to the fact that hong kong is a democracy people in

scarlet: you can say that taiwan is a backdoor bet on apple's supply chain, but taiwan has the direct bet on china as well. i noticed that because taiwan has the biggest ranking in your fund, could you make the argument that taiwan's companies and fortunes are directly tied to chinese economy? since the 1990's, taiwan companies have invested $88 billion. perth: it is true. a lot of these taiwanese companies do have their manufacturing in china because that benefits their shareholders and the cost structure, exactly. so freer countries do have the ability to work with other countries, we do not penalize freer countries that trade with unfree countries. chile is also a very free country and they trade with china, and they have a high weight in our index. but we do not penalize them for the free trade. if those benefits for them go away for their shareholders, they could easily move that part of their business somewhere else. scarlet: and they are talking about doing a little bit of that as well? eric: yeah, and some of the other countries not and it, -- not in it, russia, brazil, and sa

because taiwan. and china have a special relationship there's a definite influence on the on the cuisine taiwanese cuisine but i will say taiwanese cuisine is about fusion it's very very healthy very fresh it's not greasy i associate chinese food with being very greasy. no no no no not at all it's very clean and that's what i liked about it because i didn't gain any weight. does stick guests. this is no joke it was it's tough that's a challenge because obviously if you smell something like a like i said it was like a farm you know i mean it's like going to walk into a farm where there's stinky pigs and things you're not going to eat and it really smelt it was you really noticed this for it was fermented something it just reeked and i thought there's no way i can eat here and they brought it out and i thought there's no i'm eating that and to taste it though it was really really mild it wasn't it was different from the way that it smelled so but still it was a challenge to have that smell all around y

taiwan is picking up the trade diversion from china taiwan's export shrank by 3.3 percent in april from a year earlier so taiwan is suffering from roar demand in china so we know from different aspects there are no obvious winners. but it certainly looks like this trade spats is is not going to end anytime soon. what is china's next weapon here what we know in china has warned of limiting rare earth exports dropped in blacklist for u.s. companies that even talked about possible threats to apple and test law and just before yesterday china issued warnings of usa study app to more and more chinese students visa were rejected and you just mentioned the china issue travel warning of the us so by these all this short term plans for china the man's journey g. is to push for homegrown innovation to grasp the cord technologies in this long lasting trade battle is an urgent call for china now so china certainly tries to be also less dependent on others we also heard yesterday that stockpiling soybeans obviously expecting a prolonged trade spat with the us how long do you think it will take for c

the the alleged murder that's that was that was a murder case to taiwan because by the way taiwan said we don't want this anymore once they figured out. but to open the back door. into the hong kong judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china. once people understood made that connection they realize that this is. probably the most profound threat of many threats since they hand over. add to hong kong liberties. and that's where i went they want industry went on to the took to the streets. in a way that i think is nothing short of heroic. and why is it you think that that heroism won't actually yea- that count in the long run you said essentially that it's your time. the chinese mainland chinese from a western point of view are famous for their long time horizons there's even apocryphal jokes about that. but they waited a hundred years to get hong kong back in nineteen ninety seven then they made a deal for fifty years. and at the time we in the west were hoping well a lot can happen in fifty years mayb

because by the way taiwan said we don't want this anymore once they figure it out but to open a back door into the hong kong judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china and once people understood made that connection they realised that this is probably the most profound threat of many threats since they hand over. to hong kong liberties and that's where what they want went on to the streets in a way that i think is nothing short of heroic and why is it you think that that hero is and won't actually count in the long run you said it yes century that it's futile the chinese the mainland chinese from a western point of view are famous for their long time horizons there's even apocryphal jokes about that but they waited 100 years to get hong kong back in 1907 then they made a deal for 50 years and at the time we in the west were hoping well a lot can happen in 50 years maybe hong kong will change china more than china will change on kong it's not completely clear that times have changed china is in a tra

scarlet: you can say that taiwan is a backdoor bet on apple's supply chain, but taiwan has the biggest ranking in your fund, could you make the argument that taiwan's companies and fortunes are directly connected to chinese economy? since the 90's, 1200 taiwan listed companies have invested $87 billion into the mainland. >> a lot of these taiwanese companies do have their factories and manufacturing in china because that benefits their shareholders and the cost. so freer countries do have the ability to work with other countries, we do not penalize freer countries that trade with unfree countries. chile is also a very free country and they trade with china, but we do not penalize them for the free trade. if they want to move the factories out of china anytime, they could. if those benefits for them go away for their shareholders, they could easily move that part of their business somewhere else. scarlet: and they are talking about doing a little bit of that , as well? eric: and some of the other countries not in it, russia, brazil, and saudi arabia. can you talk about why saudi arabia

because by the way taiwan said we don't want this anymore once they figure it out but to open a back door into the hong kong judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china and once people understood made that connection they realised that this is probably the most profound threat of many threats since they hand over. to hong kong liberties and that's where what they want in the street went on to the streets in a way that i think is nothing short of heroic and why is it you think that that hero wisdom won't actually count in the long run you said it your century the futa the chinese the mainland chinese from a western point of view were famous for their long time horizons there's even apocryphal jokes about that but they waited a 100 years to get home kong back in 1907 then they made a deal for 50 years and at the time we in the west were hoping well a lot can happen in 50 years maybe hong kong will change china more than china will change on kong it's now completely clear that times have changed china i

allow the courts to extradite people to china or taiwan with who doesn't have an extradition treaty has been around for a long time and never went anywhere and then there was a case about a home can couple very young went to taiwan and came back that gave kerry lamb puppet of beijing the excuse to suddenly accelerate that which made everyone think that she wants this not to extradite the alleged murderer that that was it was a murder case to taiwan because by the way taliban said we don't want this anymore once they figure it out but to open a back door into the judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china and once people understood made that connection they realised that this is probably the most profound threat of many threats since they hand over her. to hong kong liberties and that's where what they want in the street went on to the streets in a way that i think is nothing short of heroic and why is it you think that that hero wisdom won't actually count in the long run you said it your sense of the

because by the way taiwan said we don't want this anymore once they figure it out but to open a back door into the hong kong judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china and once people understood made that connection they realised that this is probably the most profound threat of many threats since they hand over to hunker liberties and that's where when they want went on to the streets in a way that i think is nothing short of heroic and why is it you think that that hero is and won't actually count in the long run you said yes actually that it's futile the chinese the mainland chinese from a western point of view are famous for their long time horizons there's even apocryphal jokes about that but they waited 100 years to get hong kong back in 1907 then they made a deal for 50 years and at the time we. in the west we're hoping well a lot can happen in 50 years maybe hong kong will change china more than china will change on kong it's not completely clear the terms of change china is in a trade which

-taiwan defense relations. will the house version have the similar language, and do you support -- tanks and advanced fighter jets to taiwan? >> do i support what? >> do you support u.s. should sell tanks -- >> should sell tanks? >> tanks. and f-16 v to taiwan. >> i think we should sell weapons that enable taiwan to -- i don't know if we have language in our bill on protecting taiwan. that's not technically our jurisdiction. it's foreign affairs, and they were a little persnickety in giving us waivers this year. but, yeah, i'm all in favor of that because, again, on the deterrence message, the best thing on taiwan is to make china know if that any sort of military attempt to subjugate taiwan back into china is going to carry too high a cost. we have to make sure they perceive that cost is high, and therefore they don't want to go down that path. so i don't have any trouble whatsoever selling weapons to taiwan to put them in a position to defend themselves, making it once again clear that the u.s. will defend an

and in january emphasizing to systems that was never popular in taiwan. and with that extradition and then another reminder to people in taiwan and with the electoral community. so i think they're probably in a better place. >> it would be hard to underestimate what substantial setback have been for president xi it's very easy for us to underestimate the impact talk to friends inside the us government several of them have been surprised and the american role there and i would say that what we are seeing that president xi decision to go to north korea isn't so much by president trump but as a way to usurp your stature you have to find someplace you can go. that's only place you can go that would accommodate that is north korea. it is entirely likely with a very substantial set of setback setbacks. >> but many hong kong people and is now hong kong area and 20 years ago and of those methods no change today hong kong and tomorrow taiwan. >>. >> and to forecast how it is conducting the policy in 2020. with the national assembly having the election and it is ha

them this co-founder of foxconn is actually urging people to move some of the production from china to taiwan but we also got some other news outside of pull that. the commerce department here in the u.s. is actually banning 5 more chinese technology companies to purchase components from u.s. manufacturers so that on the other side might be hurtful to some of the u.s. chip makers semiconductor companies and they're doing business with those chinese firms still in not of news flow and yet of speculation when it comes to the trade tensions between china and the u.s. now yes you're there wall street where it's been another wild week stock surging over the past month in fact what's behind the gains briefly if you can. well the very main reason is that wall street is quite certain that the federal reserve is going to cut interest rates by the end of july so that would make money even cheaper and that money could get invested into the stock market for june so far blue chips are up about 7 and a half percent was that it would be the best months for the dow jones industrial not the best month the bes

the other thing jacob talked about as well as taiwan, and how the side effect of relations with taiwan and what china decides to do with taiwan, that makes things all the more difficult for the united states. bill: absolutely. we've already been reporting about the administration backing a big new arms package for taiwan. that was something that generated a lot of frustration in beijing. if there is some sort of escalation with the situation in hong kong, i think that is going to give a lot of fodder for ,eople who say -- i'm sorry that would give a lot of fodder for people who say we need to strengthen our alliance with taiwan and make sure the same kind of thing doesn't happen there. there are a lot of balls in the air with this situation. it is obviously very tense going into overnight. president trump does have a press conference today, and i expect he will be asked about this later this afternoon. bill, as we look at the similarity with what happened after the second world war and the establishment of spheres of influence, hegemonic power, does it begin to feel a little bit is chi

with this co-founder of foxconn is actually urging people to move some of the production from china to taiwan but we also got some other news outside of pull that. the commerce department here in the u.s. is actually banning 5 more chinese technology companies to purchase components from u.s. manufacturers that on the other side might be hurtful to some of the u.s. chip makers semiconductor companies or they're doing business with those chinese firms so not of news flow and yet of speculation when it comes to the trade tensions between china and the u.s. now yes you're there wall street where it's been another wild week stock surging over the past month in fact what's behind the gains briefly if you can. well the very main reason is that wall street is quite certain that the federal reserve is going to cut interest rates by the end of july so that would make money even cheaper and that money could get invested into the stock market for june so far blue chips are up about 7 and a half percent was that it would be the best months for the dow jones industrials not the best month the best june fo

with this co-founder of foxconn is actually urging people to move some of the production from china to taiwan but we also got some other news outside of pull that. the commerce department here in the u.s. is actually banning 5 more chinese technology companies to purchase components from u.s. manufacturers that on the other side might be hurtful to some of the u.s. chip makers semiconductor companies that they're doing business with those chinese firms still in the lot of news flow and yet of speculation when it comes to the trade tensions between china and the u.s. now yes you're there wall street where it's been another wild week stocks surging over the past month in fact what's behind the gains briefly if you can. well the very main reason is that wall street is quite certain that the federal reserve is going to cut interest rates by the end of july so that would make money even cheaper and that money could get invested into the stock market for june so far blue chips are up about 7 and a half percent was that it would be the best months for the dow jones industrials not the best month the

the head of taiwan's fox kong is stepping down to enter politics following a bit of divine intervention. also in the show rags to riches ties style however once for son of a fisherman is making millions today selling fish on facebook. this is business. as well. as a military clash between the u.s. and iran looks only to have been narrowly averted the tensions are making the air above iran unsafe some of the world's biggest allies voiding flying over the over a section of iranian airspace after a u.s. military drone was shot down america's federal aviation administration has banned all u.s. registered passenger jets from passing through iranian controlled parts of the gulf of oman and the strait of hormuz other carriers are also taking action. a global hawk drone like this one has a wing span greater than a boeing 737 after one was downed over the strait of hormuz the u.s. federal aviation administration began to fear an actual commercial jetliner could be next the f.a.a. says the nearest civil aircraft was around 80 kilometers away when the strike happened in the busy section of sky it

with this co-founder of fox going to actually urging bill to move some of the production from china to taiwan but we also got some other news outside of full that. the commerce department here in the u.s. is actually banning 5 more chinese technology companies to purchase components from u.s. manufacturers that on the other side might be hurtful to some of the u.s. chip makers semiconductor companies and they're doing business with those chinese firms so in not of news flow and yet of speculation when it comes to the trade tensions between china and the u.s. now yes you're there wall street where it's been another wild week stocks surging over the past month in fact what's behind the gains briefly if you can. well the very main reason is that wall street is quite certain that the federal reserve is going to cut interest rates by the end of july so that would make money even cheaper and that money could get invested into the stock market for june so far blue chips are up about 7 and a half percent was that it would be the best months for the dow jones industrials not the best month the best ju

because by the way taiwan said we don't want this anymore once they figure it out but to open a back door into the hong kong judicial system which is based on english common law and still is pretty clean but to let people be extradited to mainland china and once people understood made that connection they realised that this is probably the most profound threat of many threats since they hand over. to hong kong liberties and that's where what they want went on to the streets in a way that i think is nothing short of heroic and why is it you think that that hero is won't actually count in the long run you said yes century that it's futile the chinese the mainland chinese from a western point of view are famous for their long time horizons there's even apocryphal jokes about that but they waited a 100 years to get hong kong back in 1907 then they made a deal for 50 years and at the time we in the west were hoping well a lot can happen in 50 years maybe hong kong will change china more than china will change on kong it's not completely clear that times are changed china is in a trade war

how will the impact in taiwan. for more. >> they had been doing that for engaging the situation the matter will. there is this to systemwide. this is nothing to do with the. not, is being turned over to china. hong kong does not matter. you just cannot trust. it is only a losing proposition. the coalition in taiwan. the mentor prospects. one was the speech. in january 2010. he emphasized one country. which you seen but everyone. then, the second was the hong kong issue. with the extradition. settling across the street. the tradition of those who want to have. i think those are both. there probably in a better place than she was. >> i would agree. i would just say, it would be hard to underestimate what a substantial setback for the developments. is very easy for us to underestimate the impact that has had on its leadership. when you talk to friends and said the u.s. government, several of them have been surprised that the issue that is often raised entrie. the american world. i would say, what we are saying. i thin

to the head of taiwan's foxconn is stepping down to enter politics following a bit of divine intervention. also in the sole rags to riches thai style however once for son of a fisherman is making millions today selling fish on facebook. this is business. as welcome as a military clash between the u.s. and iran looks only to have been narrowly averted the tensions are making the air above iran unsafe some of the world's biggest allies voiding flying over the over a section of iranian airspace after a u.s. military drone was shot down america's federal aviation administration has banned all u.s. registered passenger jets from passing through iranian controlled parts of the gulf of oman and the strait of hormuz other areas are also taking action. a global hawk drone like this one has a wingspan greater than a boeing 737 after one was downed over the strait of hormuz the u.s. federal aviation administration began to fear an actual commercial jetliner could be next the f.a.a. says the nearest civil aircraft was around 80 kilometers away when the strike happened in the busy section of sky he cl

>> in the case of taiwan, we are already going in taiwan. we proceed simultaneously. maybe taiwan bank will be launched earlier, maybe not. >> what is your number one priority right now? what is your number one focus? >> short-term view -- >> what area? there are multiple facets? >> japan and taiwan are the first priorities. because we have the specific plan to be the dominant player. one country, we need to expand our service into other countries. , the firstaiwan countries to provide the kind of service. indonesia, the circumstance is different. even though we are not the dominant player and investment service, we see a huge opportunity. shery: that was the line co-ceo speaking exclusively to stephen engle in tokyo. coming up next, trump's latest weed attack on the fed sends the euro and other currencies devalued against the dollar. more on europe and the prospects just ahead. this is bloomberg. ♪ paul: i am paul allen in sydney. shery: i'm shery ahn in new york. a story we are watching closely, hong kong bracing for strikes and further protests amid an escalating

i wonder, can we talk a little bit about hong kong and taiwan in terms of taiwan's view on hong kong, and what extent does hong kong demonstrations, just remarkable to see, may have -- what kind of impact did it have? did it have a negative impact on the chinese government? and to what extent do you believe hong kong demonstrations may have galvanized maybe taiwan's will to either defend democracy or independence? how would the events in hong kong, perhaps, impact presidential race in taiwan and china's hope to put, you know, hope for a more pro-prc government to emerge. >> for me? >> for you and maybe kurt, anybody else. >> you know, i could respond. i've always said to my students that hong kong is a losing bet for beijing in its relations with taiwan, no matter what. so the one country/two systems idea was set up for hong kong with taiwan that mind and people in taiwan across the political spectrum said this has nothing to do with us. hong kong was a former colony and now it's being turned over to china. we've always had sovereignty. and people in taiwan define sovereignty differen

founder of the company's largest supplier urges the iso consider taiwan. plus, slack shares fell but so listing is being hailed as a success all the way around. norm?t become more of the and three oracle woman are looking to bust the class ceiling. the company pays men more than women, for the same ork and want their lawsuit to be granted class-action status. but first, to our top story, -- may no terry longer be the chair of apple's largest supplier but that isn't from trying to keep the relationship going for years to come. he's stepped down from that role to focus on his campaign to ecome president of taiwan and he wants to make sure tensions between the u.s. and china don't apple to leave the country. speaking from the perspective of i'll pleadc of china with apple to come to taiwan. after it's said they were asked to shift from china to southeast asia. discuss, we have venture partner munster and in l.a., loomberg text resident apple watcher. so there is some confusion about gou said.y he made some remarks and then them. clarify what did he say and me

second, foreign intervention in the taiwan question is doomed to fail. china's typical message at the sorts of gatherings is always consistent. we are not the instigators of instability, but if you are going to pick a fight, we are not going to back down. this year though, china's message has been much stronger, raising concerns amongst men here that the friction between the well‘s two superpowers is only likely to grow. olly foster has all the sport. hello and thanks forjoining us. we saw one of the greatest shocks in the history of the heavweight division although former world champ anthonyjoshua has described his first professional defeat as a minor set back. he was beaten by andy ruinunior in new york. the mexican was a late replacement to facejoshua but knocked him down four times before the fight was stopped. a rematch is on the cards and joshua has vowed to get his three world titles back. ade adedoyin was at madison square garden. not many thought this would go the distance and even fewer thought it would be joshua who would be counted out. the

than $1000000.00 workers and it's china's cheap labor that has underpinned his business empire and taiwan goes to the polls in january with the contest set to be dominated by relations with china. a look into this story with a prayer hang who joins us from singapore andrea after 45 years well goo we let go off the reins. that's a very good question the new men at the helm mr lew young we may be taking over as chairman along with that 9 member operations committee committee that was mentioned earlier but terry who said that he will very much so retain a seat at the board of the company and as director that means that he will have a c. in whatever goes on at foxconn as well and ultimately as as well as our high of the parent company now this means as a director he will be able to give advice as well as reject proposals that are given by the team under the helm of new young way so this is an interesting more on terry goes part as he moves into the china friendly tung party and the news has sent on high industry shares down 1.2 percent today. in singapore thank you very much. now selling seaf

the founder of the company's largest supplier urges the iso maker to consider taiwan. plus, slack shares fell but so far the direct listing is being hailed as a success all the way around. will it become more of the norm? and three oracle woman are looking to bust the class ceiling. they say the company pays men more than women, for the same work and want their lawsuit to be granted class-action status. but first, to our top story, billionaire terry -- may no longer be the chair of apple's largest supplier but that isn't stopping him from trying to keep the relationship going for years to come. he's stepped down from that role to focus on his campaign to become president of taiwan and he wants to make sure tensions between the u.s. and china don't force apple to leave the country. speaking from the perspective of the republic of china i'll plead with apple to come to taiwan. this comes after it's said they were asked to shift from china to southeast asia. to discuss, we have venture partner munster and in l.a., bloomberg text resident apple watcher. so there is some co

the taiwan dollar is stable. the taiwanese dollars has had the biggest three-day gain in seven months. yesterday, the central bank said they stepped up to smooth out some excess volatility in may. we are seeing a firmer currency. markets closed today. we see south korea, indonesia, and malaysia still closed for a holiday. let's start with the first word news. su keenan joining us from new york. fed.e start with the the u.s. economy generally spending recent weeks. the business outlook remains solidly positive. paceity grew at a modest from april to mid-may, and improved from the slight to moderate pace in the previous period. it indicates there are some problems, including spot preorders and home purchases. the u.s. is preparing a potential $2 billion arms deal with taiwan. the package would include the first time sale of the u.s. army's best tanks and a resupply of antiwar and anti-armor weapons. the pentagon notified congress of the deal, which is expected to be approved within one month. the move is likely to

so if taiwan this arrangement you would be having taiwan acknowledging that it is indeed part of china which is politically impossible so taiwan practically has told hong kong to get lost when it comes to this extradition can prophesy but this still pushing it ahead and it's now very clear that hong kong is the ultimate target we don't have any confidence we don't have any trust in china's. rule of law rather than lack of it right right trust chinese judiciary or legal system right let's let's come to you then. go out in beijing clearly firm from what we've been hearing from claudia there's no faith the tour in the chinese authorities particularly when it comes to. the judicial system can you wonder about it when you've got 2 canadians who's been arrested allegedly on on political politically motivated charges in order to hit canada for their arrest of a huawei executive so there are lots and lots of questions about the chinese judicial system. well 1st of all the fact that there are demonstrations in hong kong speak to the fact that hong kong is a democracy people in hong kong have th

anywhere from china and taiwan as well as japan. even depending on what time of the year it was, but the stalled out frontal boundary just eventually meanders further north as the months and weeks progress. the plum rains were between may and july depending where you're at. bru check outs this landslide video coming out of the hunan province in southeast china. it is tossing these cars like they are toys, taking rubble, trees, rocks, boulders down the mountain side. traveling over 50 kilometers an hour. fortunately there is a lull in the rainfall right now but see this low pressure system over central china that's going to help spread more rain faum into the -- you can see looking rather business gary shanghai westward to hong kong, taipei, eventually into mainland japan as well. you can see rainfall totals there exceeding 150 millimeters. i just want a quick update on the psych rone that is still veering away from the northwestern portions of india. some of the latest computer models have this recurving back to the north and east b

now remember that the bill came in originally because of a murder case involving taiwan but the tommies authorities have said that they want nothing to do with this they have the most for the bill a tall and present sign one of taiwan has condemned the bill and supports the protesters now anything to do with taiwan is neuralgic in beijing and when president simon said that if this is what one country 2 systems looks like in hong kong then taiwan certain don't doesn't want anything of the sort that will have sent tremors down spines in beijing and i suspect that would have been a big factor in the back down or the other problem for beijing and carry on by association i guess is the fact that if they're seen to effectively give in to these protests on that the bill does get scrapped entirely it could therefore encourage other people to come out in protest against other things that they're not entirely happy about and that's the last thing the beijing is going to see it go yes that's right beijing doesn't have any good options right now even backing down of course the public has outlined i

wasn't the government couldn't extradite him to taiwan so this is the begin. of why this bill came to play and carrie lamb she said it was a very personal plea from from the woman who was killed mother that drove her to push this change in the extradition law forward which she said that's what she said was the main reason for it obviously because of what the law also does and that means yes it's opens the door for extradition to anywhere and beijing pro-democracy protesters are focused on that beijing aspect of the law and they're very concerned because that means that the judicial system here which is very transparent and you know renowned around the world for being. fair and direct whereas in mainland china the judicial system is not so the concern here was if the judiciary in beijing can get a hold of of suspects criminal suspects here they could be trumped up there could be trumped up charges against those who say bad things about mainland china those who are critics of the chinese government because we know how they handle it in mainland china concerned f

for taiwan. that is falling flat. every time they see people losing rights and the ability to protest. it is a problem. however, if he allows a certain amount of calm to return and a failure -- and eight period of debate, things could return to some sort of normalcy. scarlet: you live in taiwan after having lived in hong kong and singapore. the taiwan presidential election is coming up and ascended -- 70th anniversary of the prc, it is an important time for china to promote strength. how likely will this become a proxy issue when it comes to hong kong. the u.s. will push for something to be done on hong kong and china will push back and it is very object driven even all of these big political events. adrian: kellyanne conway said that donald trump may raise this issue when he meets president xi. donald trump made comment saying i hope it all works out for china and hong kong, i am sure they will be able to work it out. he gave them room to discuss things internally. i think as things deteriorate

china trade war one of the world's biggest employers taiwan spock's contect knology group says that it is preparing to move its production facilities out of china why is that. foxconn is worried about what investors are thinking investors are seeing this long war between china and the us get longer and longer this trade war is something that a lot of people in the business community in the investment community want to see go away and foxconn is one of those companies that is affected by this now what foxconn is saying is listen which is their biggest client and that happens to be an american company there saying we can start moving our operations or productions out of china to one of our many other facilities that we have across the world and we can supply you a valid way now of china is not of when it comes to foxconn foxconn is taiwan base so as you can see here it's a bit of a split moving away all these operations out of china into different parts of the world but again you know these guys make i pads they make i phones they assemble these things so apple is very reliant on them no

unfortunately, the earnings revisions are still in a downward trend for both korea and taiwan. if you look at taiwan, it would be safer to stick with the tech industries, where demand is more resilient. for example, the materials space, the financials, those are still doing relatively better compared to the tech sector, but come at the same time, we are groundaring a lot on the about basically manufacturing facilities progressively being shifted out from china, and some of that is actually going to taiwan as well as to us he ought markets, like vietnam, thailand. -- as well as to asean markets, like vietnam, thailand. rishaad: corrine png. david: there is plenty more ahead. we will look at japanese markets. this is bloomberg. ♪ ♪ and we are back. this is "bloomberg markets." having a look at some of the bloomberg flash headlines, a government notice about an external monitor. instructed after pay on the anti-money laundering and counterterrorism compliance, and it is cooperating fully with the notice. david: and these cybersecurity company cloud strike soared, knocking anot

homicide case to say oh we want to find a solution not just for the taiwan case but also for mainland and macau and she's totally underestimated the sensitivity of the issue and also the hong kong people's fear of the communists and then when the whole thing now developed like this of course i think beijing must be unhappy at 1st if they thought that she could solve the rendition problem that's great but now they saw that you know this whole thing has attracted so much international attention and then today they met the n.p.c. delegates the national people's congress telling gays and and the. anea the rubber stamps went to this chinese liaison office and they told them they said oh in the last few days they were 68 statements issued by foreign governments so of course they care about international public opinion and i hope the international community will continue to look at what's happening in hong kong and the media will continue to report wall to wall of what's happening here ok we'll talk more about the international reaction just a moment 1st steve. clear up. the situation surrou

china trade war one of the world's biggest employers taiwan's foxconn technology group says that it is preparing to move its production facilities out of china why is that. foxconn is worried about what investors are thinking investors are seeing this long war between china and the u.s. get longer and longer this trade war is something that a lot of people in the business community in the investment community want to see go away and foxconn is one of those companies that is affected by this now what foxconn is saying is listen which is their biggest client and that happens to be an american company there saying we can start moving our operations or productions out of china to one of our many other facilities that we have across the world and we can supply you a valid way now of china is not of when it comes to foxconn foxconn is taiwan base so as you can see here it's a bit of a split moving away all these operations out of china into different parts of the world but again you know these guys make i pads they make i phones they assemble these things so apple is very reliant on them now

china trade war one of the world's biggest employers taiwan spock's contect knology group says that it is preparing to move its production facilities out of china why is that. foxconn is worried about what investors are thinking investors are seeing this long war between china and the us getting longer and longer this trade war is something that a lot of people in the business community in the investment community want to see go away and foxconn is one of those companies that is affected by this now what foxconn is saying is listen which is their biggest client and that happens to be an american company there saying we can start moving our operations or productions out of china to one of our many other facilities that we have across the world and we could supply you a valid way now of trying to is not have when it comes to foxconn foxconn is taiwan base so as you can see here it's a bit of a split moving away all these operations out of china into different parts of the world but again you know these guys make i pads they make i phones they assemble these things so apple is very relian

is also known as is the northernmost to put the philippines taiwan. for the last 2 years the philippine military has been quietly building a maritime zone here it's not in a contested area as it's well within the philippines exclusive economic zone but the philippine military is thinking ahead to the area of the naval forces to. be. the very vast waters with other naval forces in the. yummie the island is highly strategic it's facing a key waterway that connects the pacific ocean the east china sea and the south china sea. at a time when the administration is highly criticized for its worth. the philippine military has been. in the north. we have a responsibility we should exercise our rights braving the rough seas. has been fishing here for more than 50 years he says a foreign poachers with larger fishing vessels have been bullying local fishermen like him for decades he says he is grateful for the shelter that's been built here for them. from what i never imagined that this was possible in my lifetime before we were helpless for a nurse throw dynami

china trade war one of the world's biggest employers taiwan spock's contect knology group says that it is preparing to move its production facilities out of china why is that. foxconn is worried about what investors are thinking investors are seeing this long war between china and the us get longer and longer this trade war is something that a lot of people in the business community in the investment community want to see go away and foxconn is one of those companies that is affected by this now what foxconn is saying is listen which is their biggest client and that happens to be an american company there saying we can start moving our operations or productions out of china to one of our many other facilities that we have across the world and we could supply you a valid way now of trying to is not have when it comes to foxconn foxconn is taiwan base so as you can see here it's a bit of a split moving away all these operations out of china into different parts of the world but again you know these guys make i pads they make i phones they assemble these things so apple is very reliant on