it will impact the asia pacific we'll tell you how plus. a car crash or attempted murder india's public is demanding answers as the young woman who accused a politician of rape fights for her life. and from icon to insurgent to ordinary citizens of hong kong has driven its summer of protests but not without being led by some serious star power. i'm melissa chan welcome to news asia thank you for joining us the united states and russia have withdrawn from a landmark arms control treaty today it had been in place for 30 years the intermediate range nuclear forces treaty the i.n.f. banned land based missiles with a range between 505002500 kilometers now asia's nuclear powers that's china north korea india and pakistan were not signatories to the i.m.f. but it's and has raised fears of a global arms race that could ripple across the region i'm especially talking about the dynamic between the united states and china and of course that then has an impact on the other neighboring nuclear states now most of china's missiles actually fall within tha

welcome to "daybreak asia." paul: our top stories this tuesday, the g-7 rocks with no traditional communique. the declaration caused stability in fair trade. the $44 billion hit, apple's long wetlands on china, is starting to look like its biggest handicap. going global. we hear exclusively as the company lands a worldwide expansion drive. look att's have a quick how markets closed. 500 closing near session highs. every sector was in the green. communication and tech stocks leading the gains. the nasdaq was higher by 1.3% while the dow gained 270 points. we had more positive sentiment when it came to trade both in the u.s.-china front but also in the u.s.-japan front. president trump opened the door for a potential sit down with the iranian president. thin.s were u.s. futures at the moment not doing much. let's see how we are setting up asia. selena: nursing mark green across the board. we are thinking we stocks trading almost at .8%. whipsawed by being the back-and-forth escalations of the trade war. there are

will in theory be able to deploy and station similar ones in the asia pacific. well that's at least the concern from the chinese perspective joining us to explain this and more is adam me of macor university adam so that set up i laid out just now is that really the case that the u.s. is going to be the one ratcheting up tensions in the region. well melissa certainly demise of the i n f a treaty makes everyone less safe you know in asia iran is a prospect of a new arms race principally between us russia and china but also others north korea south korea japan for example an arms race dynamic would especially be likely if the u.s. decides to deploy new missile is to asia you know to counter china's growing military power the u.s. will start testing these new missiles in the next few weeks testing of which will bend on the under the treaty a big reason why the u.s. has put out of the treaty is that china is not a signatory to it so the u.s. sees china as its principal geopolitical competitor of a challenge that is far more familiar bought and injuring than putin's

asia mliv editor. you can follow more on this story and all today's trading on our market live blog. that's at mliv . there's also commentary and analysis from bloomberg's expert editors. find out what is affecting your investments right now. a dragup, quantum feels of weak demand and how your fuel costs. we will have more. -- higher fuel costs. we will have more. this is bloomberg. ♪ shery: this is daybreak asia. paul: i'm paul allen in sydney. australia flag carrier qantas sees a week travel market as for your underlying profit missed estimates. our asian business reporter joins us now. let's talk about the outlook for qantas. how is that looking? >> it's a mixed picture. reported four-year profit down 70%. when you look at the various sectors around australia, the it ismportant market, bright and shaded. if you look at the price in the leisure market, there is weakness there. passengers flying on the budget airline jet are looking for cheap flights around australia. cheap holidays for their fa

let's bring in our chief north asia correspondent stephen engle. you have to wonder if he was under pressure or worrying about his wealth dissipating. stephen: three or four days ago when i was at the airport, i went on a bit of a rant on camera. the first real property tycoon to come out and say something about this protest. are these others? where are they? when the umbrella movement was on, a lot of them made statements. the city listens to these tycoons, especially one whose headquarters are right behind me in hong kong center. i guess they were listening to me. i am being facetious, of course. [laughter] but they came out with a full-page advertisement in the newspaper. saying no tot is violence. i'm speaking mandarin. love china, love hong kong. it is a plea to have a peaceful solution to this crisis. there is a lot of speculation as to why these tycoons did not come out. it took more than two months to make any sort of comment. this extradition bill is very different than all past crises in hong kong. -- sars a common enemy was a common enem

still more to come on "daybreak: asia." this is bloomberg. ♪ ♪ this is "daybreak: asia." shery: markets across asia looking make at the moment. let's get a preview of what to watch in markets later this morning. ahead of the hong kong and china open, we will be watching cathay pacific. this is after china's aviation thatator issued a warning protesters will be suspended from duty on flights to mainland china. i'm also watching china everbright and china literature earnings. they last closed up 3/10 of a percent and analysts say there could be strong growth sales because of intellectual property operations. switching boards, look at this chart, the gap between -- the gap is widening. anchoring the currency stronger with the fixing versus the onshore is rating appeared the market concern of the yen falling off a cliff is receding even though the seven level has been breached. it doesn't mean the yen will fall unchecked. paul: thank you very much. that is it from "daybreak: asia ." markets covering -- coverage continues. markets:for "bloomberg china open." this is bloomberg.

how about a female scientist from asia? my about a female scientist from asia? my name is juliana about a female scientist from asia? my name isjuliana chang, i‘m the ceo of asia‘s latest science magazine. the reason why i left academia to focus on a new career as academia to focus on a new career as a science entrepreneur is because i really think that my calling in life is to help boost and support science coming out of asia. i think it is fairto coming out of asia. i think it is fair to say that we‘re living in an asian century. we are observing funding in the east eclipses out of the west. china publishes more patterns and patents does make my paintings every year than the us. so i‘m riding a wave of change. i guess the first sacrifice i had to make was to leave academia entirely. i put 0liver behind me. that was very difficult. i had to close my lab, reassign my students and it may stuff go. i‘m quite interested in trying to reduce the number of male panels that we see in asia, called manels. i saw a disastrous one where there were seven men on th

it was a large exposure to asia and while the recent volatility in the market, long-term views to asia remain in tact and we believe going forward, our portfolio is positioned well. with that, i'll turn it over to cambridge for comments about 2018 and the markets. >> good afternoon, commissioners. it's great to be here. this is our fifth year now presenting to you the private equity annual review and we're delighted and thrilled with the long relationship we've had with you and your investment staff. kelly jen isn' jensen is on youn and our san francisco firm, as well as i am. we have a team dedicated of about 25 strong within cambridge helping you and your investment staff run the private equity, real assets allocation and some are in the audience today and you'll hear from them when we go through some of the other revi reviews. to recaso to recap on page one t we would like to cover, one hasw is a private equity programme doing and the 2018 review and progress and three, the current market environment and what we're doing in recommending in terms of positioning the portfolio and priv

libby liu on news programming in east asia and southeast asia. radio free asia is a private nonprofit corporation mandated to broadcast to china, tibet, north korea, vietnam, cambodia, laos, and myanmar. the event was hosted by the public diplomacy council, and the usc center on communication leadership and policy. the usc center on communication leadership and policy. [chatter] >> welcome to the first monday in august, august 5, our first monthly program. these programs are a partnership of three organizations. the university of southern california annenberg center for leadership and policy, the public policy the publicd diplomacy association of america , whose president is also here. our speaker today is -- has many us.gs to tell i know she has been trying to figure out how to cut it down, so i will cut my introduction short. libby liu is the longest serving, by far, head of a network of u.s. international broadcasting. she goes back to the bush administration, which no one else i think can claim. radio free asia, which is what she heads, bring

next, radio free asia president libby liu on news programming in asia.sia and southeast radio free asia is a private nonprofit corporation mandated to broadcast to china, to bet, north korea, vietnam, cambodia, laos, and myanmar. the event was hosted by the public diplomacy council, and the usc center on communication leadership and policy. [chatter] >> welcome to the first monday in august, august 5, our first monthly program. these programs are a partnership of three organizations. the university of southern california annenberg center for leadership and policy, the public policy the publicd diplomacy association of america , whose president is also here. our speaker today is -- has many us.gs to tell i know she has been trying to figure out how to cut it down, so i will cut my introduction short. libby liu is the longest serving, by far, head of a network of u.s. international broadcasting. she goes back to the bush administration, which no one else i think can claim. radio free asia, which is what she heads, brings journalism from the denied areas of china, ,orth korea, and other ar

radio free asia is a surrogate broadcaster. i know that a lot of you know a lot more about some of these things than others but i am trying to be wide, in scope. we do local news for local people in closed societies. this was originally mandarin, tibetan,, uighur and in north china north korea, , cambodia, and vietnam. none of these places are free. when we were created, we had a very, very short window, then we had only annual re-authorizations until finally in 2011, congress gave us permanent authorization. because it was clear the trajectory of freedom and free speech in asia was not going in the right direction. we are in our fifth year of operation. it was created to counter extremist rhetoric focused at muslim, disenfranchised muslim communities that were being targeted by extremist rhetoric. unfortunately, because of the violence of extremism at the time we started this, there was no room in these indigenous countries to do these independent news sites. because their houses tended to be firebombed. so we realized that we

trajectory across southeast asia. now, what my book subjects is this story of the wider region is lost if we focus tightlyo on the faith. whereas a number of scholars judged the u.s. retreat from vietnam is the end of a short-lived american empire, my book considers dominos that did not fall. this dominos transformed over time and this became an informal empire of america that inclosed the south china sea and circled china. in fact, it reflects what u.s. officials had very early on from the out set of the cold war been intending. saw southeast asia as part of a great crescent that connected japan to india. the peninsula of malaysia, the singapore islands, they believed the creation of malaysia would create a wide anti-communist ark around the south china sea. the administration saw as it a great ark and nixon fantasized about a long belt of u.s. allies that went around the rim of china stretching from japan to india. this is the contapement. but what was the base of this empire of formal dominos? what was the connecti

day and equities in asia. nikkei is quite a good indicator of what to expect. the big one will be the china markets which open in a couple of hours. we will see what happens there. it will not be a regular day. mark cranfield in singapore. let's get more reaction to our top story. president donald trump escalating the trade war with china. derek while back joins us from singapore. a couple of days ago, everyone is walking away from shanghai "constructive." what happened? onehe red headline we sent that broke 30 minutes early was no accident. you saw a dip in the markets at that point. apparently, according to the u.s. side, there wasn't any big offer that went on there. they are trump thinks dragging their heels on purchasing agricultural goods from the u.s.. there are other complaints the u.s. side has. reporters said that quite frankly they will go for a 10% tariff september 1. he said there is a lot of room for that to grow. it's not just like a one-off threat. it is an escalating, ratchet threat. here, the

asia. this our top stories monday. talking trade president trump says negotiations with china are making progress, but he is still not ready to make a deal. protests continue in hong kong amid warnings of widening fallout the government talks economic typhoon. turbulent times when out for cathay pacific" protest in hong kong and the loss of the ceo. -shery: we are seeing futures higher by four tens of 1% as we see more positive rhetoric from president trump on the u.s. china trade talks. this on the back of a strong rally we saw on friday with the dow gaining 1.2% and every sector on the s&p 500 in the green. the s&p 500 gaining 1.4% on friday. we saw chipmakers leading the gains, after we had positive results out of nvidia. there was also positive sentiment out of europe as officials there hinted they would come to the rescue if the region's economic data deteriorated further. that gave a boost to investor sentiment. 1.7%.sdaq gained there was a lot of volatility still with those things --

that is good for exporters in asia? you could say that, a weaker currency boost export competitiveness, and that could support domestic growth in such unfavourable global conditions. now, china's tencent is a barometerfor how conditions. now, china's tencent is a barometer for how the economy is faring. tencent have done better than expected ? faring. tencent have done better than expected? yes, revenuejumping 35%, so strong numbers from tencent. but the stock fell by more than 4% on wall street because it warned of a difficult environment going forward. there was some good news. tencent is best known for its we chat platform, but it biggest revenue is video games, and its reve nu es rose revenue is video games, and its revenues rose 8%, primarily driven by smartphone games. they surged by 26%. its latest game could help the company rake in $1 billion in annual revenue, according to analysts. the gaming unit‘s revival is good news for investors, because remember a year ago the government tightened restrictions on grap

for asia. -- our tech reporter for asia. next, giving insight on the impact of the ongoing protests. this is bloomberg. ♪ sophie: this is bloomberg. "bloomberg daybreak: asia." i'm sophie kamaruddin in hong kong. -- this is "bloomberg daybreak: asia." i'm so make a road and in hong kong. -- i'm sophie kamaruddin in hong kong. paul: the u.s. road safety administration sent tesla a cease-and-desist letter with information on several crashes related to tesla. the u.s. safety -- the company estimates up more than 250 million shares of classic stocks may hit the public market on august 19. lyft rose after the bell, boasting third-quarter and for your revenue forecast. paul: problems for bmw to make mini's inany's -- china. the issue relates to pending government approvals. plans are proceeding as planned. the aim to make the battery powered mini. exploringey are options as the auto sector struggles with slowdowns. told monetizing parts is on holding, including issuing exchangeable bonds. paul: semantics -- symantec sear -- syma

trajectory across southeast asia. one that would ensconce the majority of the peoples as well as the resources in the u.s. orbit by the height of the vietnam war. now what my book suggests is that this story of the wider region is lost if we focus tightly on the fate of indo-china. america's failure in vietnam is important without being central. whereas a number of scholars judge that u.s. -- the u.s.' humiliating retreat from vietnam is the end of a short-lived american empire. my book considers the dominos that did not fall. these dominos transformed over time into steady stanchions for u.s. predominance. they created a geostrategic arc that inclosed the south china sea, contained the vietnamese revolution and circled china. that's why my book is entitled "the arc of containment." it reflects what u.s. officials had very early on from the cold war been intending. dean acheson, secretary of state, architect of nato in europe, saw southeast asia as part of a great crescent that connect eed japan to india. the kennedy

asia and line -- our asia mliv editor is here. month, is0th of every this expected to make loans cheaper? garfield: a bit cheaper and clearer. because the pboc has these napital controls on the yua and other things. because it is a micromanager and a macro manager, it can get confusing as to what actual rates you should be watching. the one-dayer that repo rate has jumped above the seven-day repo rate? or that they are doing something weird? perhaps you should be watching foreign points. businesses can look at this lending rate and say, ok, that is the one that manage -- matters for businesses. we can worry about the banks when it comes to the rest of it, but the business is what matters. this is what is being said cheaper. so far, yesterday there were some other reasons for optimism for the rally in china. we had a very strong rally across chinese equities. there is some optimism that that will continue. it is definitely being accepted positively for now. shery: let's talk a little bit about the trading session in the u.s. where

major nuclear arms control treaty ends between the united states and russia but it will impact the asia pacific we'll tell you how plus. a car crash or attempted murder india's public is demanding answers and the young woman who accused a politician of rape fights for her life. and from icons to insurgent ordinary citizens of palm kong have driven its summer of protest but not without being led by some serious star power. i'm melissa chan welcome to news asia thank you for joining us the united states and russia have withdrawn from a landmark arms control treaty today it had been in place for 30 years the intermediate range nuclear forces treaty the ins ban and land based missiles with a range between 505002500 kilometers now asia's nuclear powers that's china north korea india and pakistan were not signatories to the i.m.f. but its end has raised fears of a global arms race that could ripple across the region i'm especially talking about . the dynamic between the united states and china and of course that then has an impact on the other neighboring nuclear states now most of china's mi

plenty more to come on daybreak asia. this is bloomberg. ♪ shery: this is daybreak asia. paul: i am paul allen in sydney. let's get a quick check of the latest headlines. tencent plunged after outperforming and beating expectations. at $835 million, below forecasts and shares plunged more than 11% one point. currently 12 buyers and no sellers. shery: a chinese insurer might be able to clinch a buyer from luxury hotels of u.s.. a financial group is emerging as a leading bidder and arranging financing. the package of 15 hotels is expected to raise more than $5.5 locationsd includes in new york, san francisco, and jackson hole. paul: american airlines has won . court order a judge in texas ordered a workers union to stop encouraging staff to delay aircraft repairs and reject out of time assignments and over time. and cathay pacific cancels more flights. kong in afrom hong moment. this is bloomberg. ♪ >> singapore is revising down there growth forecast almost zero as the global downturn deepens and the trade war goes on. the ministry of trade and industry sees the economy e

this is bloomberg. ♪ this is daybreak asia. reports from tokyo say japan and the united states are aiming to strike an outlying trade deal in september. progress has been made and initial and announcements could come at the g7 meeting in france later this month. president trump wants better access for u.s. farmers to japan's agricultural market and shinzo abe hopes to reduce tariffs on automakers. hong kong faces major disruption on monday with a mass strike set to affect all forms of transport and local airlines canceling 150 flights. this follows a ninth straight weekend of violent unrest with protests around the city, targeting police stations. 34 people have been arrested. there is a warning that beijing would not sit by and unless the not sitn -- asian would by while this situation continues. >> london heathrow officials and union leaders have agreed to talks with mediators on monday over a pay dispute. security guards, firefighters, engineers and drivers threatened to walk out midnight sunday and 170 flights got canceled.

asia is aradio free broadcaster. i know a lot of you know a lot more about some of these things than others but i'm trying to walk it in scope. we do local news for local people in closed societies. this was originally mandarin, , china,e, and tibetan north korea, cambodia, and vietnam. sad to say, none of these places are free. when we were created, we had a then wert window and had only annual re-authorizations until finally in 2011, congress gave us permanent authorization. it was clear the trajectory of freedom and free speech in asia was not going in the right direction. we are in our fifth year of operation, created to encounter extremist rhetoric focused at muslim, disenfranchised muslim communities that were being targeted by extremist rhetoric. unfortunately, because of the violence of extremism at the time we started this, there was no room in these indigenous countries to do these independent news sites. houses tended to be firebombed. we realized we had to do this from outside. we call it offshore. we cre

across asia there is still a bit of interest. a key reason why, banks still have room to lower their interest rates. it does appear to be interesting. that bodes well for equities as well to some extent. into potentially a further slowdown of the global economy, central banks in asia do have the policies to lower interest rates further as opposed to developed markets. tom: i am interested in that view. does that suppress volatility? we have seen the vix below the 20 level. if central banks come to the fore, and they could well do, does that suppress volatility for the second half? ken: potentially. equity market volatility right now is not focusing on interest rates or fundamentals, they are focusing more on the new. it is a hard question to answer and we would expect to see a bit more volatility at least in the short term. that is why looking at lower volatility strategies it makes sense in this environment. tom: how do you hedge? you look to traditional safe havens like the yen and gold or do you look for other opportunities? k

objectives for southeast asia? in looking at the dominos that surrounded indochina, i argue that the connecting tissue was pre-existing local antipathy to a china and the chinese diaspora. throughout southeast asia, the european powers tended to deflect indigenous resentment away from themselves. they were menacing foreigners even though many had long settled in the region. many had intermarried in malaysia and the philippines and for the europeans and the americans there's been a long history of anti-chinese prejudice which i won't go into here. as a result of that, the fact is that the brief supremacy of japan during world war ii as you can see in the middle with the propaganda posters with the much maligned octopus, it was treating the chinese as the yellow peril. whether it's threatening via immigration, the top left corner or threatening southeast asia via communist extension. crucially what the americans, the british and many conservative elites believed is that china that even when it was ruled by the chines

and versus countries in asia and southeast asia. it is time for that to stop. president trump has said we are going to fix this. it requires determination. >> the uk's new prime minister has seen his parliamentary majority cut to one. this is afte the conservative party lost a by election. the area had been recalled after a conviction for faking expenses claims. a blockade of venezuela. that is what president trump is considering as it raises the pressure on president maduro. the president has thrown his support behind juan guaido. day.l news, 24 hours a 27 hundredmore than journalists and analysts. this is bloomberg. >> thank you very much. up, we see to the national economic advisor. don't miss that interview. this is bloomberg. ♪ make aink he wants to deal but frankly, he is not going fast enough. he said he was going to stop and to know from coming into our country. we are losing thousands of dollars to fund and all. hisonald trump escalating trade war with china, announcing 10% tariffs on $300 billion. colleague tofor my speak with his secretary of state

how the uk is hoping to line up post brexit trade deals in asia. good morning and welcome to this friday edition of asia business report, live from singapore, with me, mariko 0i. let's start with the trade war. as you have been hearing on newsday, the us president has announced fresh 10% ta riffs president has announced fresh 10% tariffs on another $300 billion of chinese products from the start of next month. it is the latest move in the escalating conflict between the world's two august economies and comes world's two august economies and co m es after world's two august economies and comes after a new round of talks this week showed no signs of a significant breakthrough. the announcement is hitting financial markets hard. check this out. wall street reacted negatively, and japan's nikkei opened almost 2% lower as the us dollar fell. the bbc‘s michelle fleury has more. lower as the us dollar fell. the bbc's michelle fleury has more. he began his talk with praise for negotiations in china. he described this week's talks in shanghai as positive

and let's look at how we are setting up in asia. nexta: we are set for a open in asia. we are waiting for the latest on the trade headlines as investors are held captive. but we did get positive news that chinese negotiators are talks.d to come for it looks like nikkei futures will open a bit lower, down about .1% right now. that is going to be reversing the gains of two straight days. futures like half the have little change and we saw it open up around 1%. health care leading those games. switching boards here, we want to take a quick look at the yuan that has weakened by almost 4% in august. of course on the continuing trade the celebrations. -- decelerations. while theing trade pboc is setting the fixing stronger than expected. it is still above that psychological level that leads to concerns that it could be used as a tool in the trade war. is notasury department going to be intervening in the dollar, but there is still pressure on the yuan given the weak economic data we have seen out of china. let's switch boards one last time for some of the important economic d

indeed, a very complex relationship in the asia pacidfic after world war ii. but the legacy, paul, of pre— and post— world war ii events is still indeed impacting the likes ofjapan and south korea. case in point, this ongoing political strife between the two countries which has been motivated by a compensation claim in world war ii. yes, it is incredible how the events of the last few decades, or of any time since world war ii, are far less significant in terms of relations betweenjapan and korea, and also, of course, between japan and china, compared to what happen in world war ii. what happened 80 years ago defines how well or poorly the governments get on today. but of course, we're talking about we are now at the 80th anniversary of world war ii starting in europe, but of course it started in asia two years before that. when war started in europe in september 39, china had been trying to fight off japan since 1937, with america and britain and other as bystanders in that war. so china ended up fighting alone forfour years, until december 1941, when, of

, with the future of arms control in northeast asia? so i think building the free and open indo-pacific, dealing with china, et cetera. building a protective wall around and sustaining this asset, while it may take a little bit of political capital, a little bit of statesmanship, a little bit of effort in the short term is worthwhile for the longer-term future. because we will need it again, whether it's because of north korea, china, or the regional comments or shared commons issues. so i think minimizing the potential impact of this current trade dispute is my priority and i would like to encourage ways to address this particular dispute. i'm just less optimistic than the short term we can manage that and i'm a little more focus on maintaining this asset that we have a protecting it for the future. >> hanky. patrick? >> bruce, thank you very much, and thank you to let me commend you for the panel he put together today, this whole program today. the paper you just put out is a very excellent analysis you do here at heritage on these is

welcome to "daybreak asia." paul: our top stories this friday, asian markets faced declines after a rocky session off wall street. recession fears and treasury yields down to levels not seen in years. president trump says he will talk soon to his chinese counterpart lease as talks have been good and xi jinping wants to do something. the world's largest shipping line is adding to gloomy forecast. we will hear from the ceo. shery: let's get you started with a quick check of how markets closed in the thursday session in the u.s.. a wild, volatile session. the s&p 500 closed 25% higher .oming out -- .25% higher we see tensions between the u.s. and china not to mention fear over potential recession. we saw walmart, solid earnings boosting sentiment and also u.s. consumption numbers coming in pretty strong with the retail sales numbers jump in the most in four months. a it consecutive month of gains. fifth consecutive month of gains. that was not enough to hold the treasury rally. at one point, the 10 year yield fell

welcome to "daybreak asia." this a la top stories wednesday, hong kong braces for more unrest after violent clashes and further disruption at the airport. the u.s. says china should respect the city's autonomy. president trump will delay china.nal tariffs on markets rally on the news of apple surging 4%. the cbs-viacom romance leads to a waiting. the megamerger -- shery: breaking news out of south korea. we have the unemployment rate for the month of july coming in at 4%. that was as analysts expected. the third month in a row that stayed at 4%. south korea added 299,000 jobs in july, higher than the 281,000 they added in june. the south korean economy and job market being highly supported by government job creation. we are expecting the extra budget set to pass parliament at the start of august to also give more support for the job market. exportseantime, continue to plunge in south korea, now headed to the ninth month of export declines in august.we have seen the weakness in w theon throughout these -- the sou

the impact of world war ii in modern—day asia. you have been watching newsday. i'm rico hizon, in london. and i'm mariko oi, in singapore. rico will be back here on tuesday stop wait for me! we are waiting for you! stay with us. coming up: hong kong business is everyone's business. as protests are set to enter the 13th weekend, we will see what the impact is on companies and the economy. and before we go, we'd like to leave you with these pictures. a man has been fined for dangerous driving in the uk, after moving a car on top of another car. glyn richards was fined, and given three penalty points on his licence, after being caught driving his volkswagen with a skoda on top. well, double—decker, why not! well, double-decker, why not! would you ride on the top car? no way, you might slip down and all be gone. thanks for watching. we saw temperatures reach 25 degrees in the south—east of england on thursday. plenty of sunshine across closer this area of high pressure. on friday, low pressure dominates the north and west, pretty windy and further outbreaks of r

let's see how we are setting up in asia. given that context it won't surprise anyone to see we are looking at a down day in new zealand in a couple of minutes. off a shade, a quarter of 1% but out of pointing lower chicago. nikkei futures down .5% -- .2%. we get a reset 10 minutes before the open. a lot of earnings worth watching this week, hsbc today, midday hong kong, the hang seng bank, mitsubishi heavy, suzuki motor and five central banks in the region having meetings this week. let's check in on first word news with selina wang. control may be back on the u.s. election agenda after two shootings left 30 people dead and more wounded. a gunman was killed by police after he shot nine people in dayton, ohio. there is no motive and the victim included the victim's own sister. this is 24 hours after 20 people were killed at a walmart in el paso. police arrested a 21-year-old texas man on suspicion of carrying out the attack. the justice department describes this as domestic terrorism. a new bloomberg survey says the british p

in the long run. >> fascinating view from asia. always a pleasure. >> thank you so much, fareed. >>> next on "gps" tensions are rising between the u.s. and china in another way when we come back, find out why the u.s. and china are facing off over science. the first survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. join the fight with the alzheimer's association. [horn honks] man this is what i feel like when i wear regular shoes, cramped and uncomfortable. we can arrange a little upgrade. which is why i wear skechers... wide fit shoes. they have extra room throughout. they're like a luxury ride for my feet. try skechers wide fit shoes. but it's not really something yoyou want to buy..ry ride for my feet. it's not sexy... oh delicious. or delicious... or fun. ♪ but since you need both car and home insurance, why not bundle them with esurance and save up to 10%. which you can spend on things you really want to buy, like ah well i don't know

welcome to "daybreak asia." paul: our top stories this friday, asian markets faced declines after a rocky session off wall street. recession fears and treasury yields down to levels not seen in years. president trump says he will talk soon to his chinese

consumers this decade in asia alone. so how is the so-called asian century going? has it been derailed or strengthened by president trump? joining me now from singapore is parag khanna, a cnn global contributor and author of the new book "the future is asian." parag, what does the tension between the united states and china over trade suggest to you in a kind of broader sense? >> well, asians are going to put their own interests first. they see that the u.s. and china are on their way to decoupling. as you know, the u.s. is now trading more with canada and mexico than it is with china. so asians are looking to potentially ratify this year the reej nn comprehensive economic partnership, the rcep, 16 countries that will constitute one of the largest free trade eras in the world and take some of the pressure off the asian countries and increase or expand their exports to each other. that's basically where this trade war is taking asia, towards greater regionalism, more integration, or at least more complementaries with each

. ♪ narrator: this is a film about time, a historical time in southeast asia, specifically the concerns of the people of vietnam, north and south. that chronicles the search for four years of peace, for better days to come in their part of the world. continues.ss this film may rightfully claim its title, a chronology of hope. ♪ the united states first became involved in the conflict between north and south vietnam after both countries received their independence more than a decade ago by ratified acts of the french government. the united states supported the efforts by south vietnam to remain free and independent and increased its financial and military support in the early 1960's as the threats to south vietnam intensified. ♪ at the united nations security council in may 1964, one united states ambassador made this position clear. >> the united states government is currently involved in the affairs of the republic of vietnam for one reason and one reason only. because the republic of vietnam requested the help of the united states and of other governments to defend itself against a

frank: you mean in asia? yvonne: yeah. frank: in asia, we have two kinds of debt. we have corporate debt in china and more household debt in a number of other countries. issue we are seeing but it is a long-term issue andh is more manageable, can still be managed. yearina are we had last de the leveraging -- -leveraging mode, that was putting a lot of pressure on the corporate sector and this is less in the picture this year. david: we will talk about your top three equity investment ideas. frank benzimra is head of asia equity strategy. rishaad: we will joined -- be joined by thailand's minister. this is bloomberg. ♪ oneaad: let's look at the earlier on -- yuan fix earlier on. this chart is sending the message arguably that the pboc wants a stable currency. perhaps also they don't want people to think it is a one-way bet. david: they are trying to rein in the weakness. it was a strong message, but obviously not strong enough as we saw the currency gain and two minutes after quickly reverse those gains. this is the midpoint, the daily fix. that is the goldman sac

speaking of asia the u.s. defense secretary said on thursday that the test specifically was a much as to china do you think the asia pacific reason you will see these developments as a law me. i think everybody already sees these developments of the law right now about 95 percent of china's missiles fall into the category that were banned under the i.n.f. treaty and also you look north korea has got these missiles south korea has these missiles other countries in the region have these missiles so. the last thing the world needs is another insane 1980 style nuclear arms race is really going on from the 1950 s. through the next you know eighty's but if we get rid of the there's only one piece left of the arms control architecture that's the new start treaty that expires in february 2020 want alton has already said that it's worthless and he wants to get rid of it trump is indicated the same if we get rid of that that limits the noun number of deployable warheads 251550 back in the 1980 s. we almost had 70000 nuc

this is the daily news asia coming up what happens when the guest you had planned for this program is a no show because you caught arrested in hong kong well we find out how things played out and promised a good conversation plus. after what the u.n. has called genocide the government of myanmar says it wants to see the real hinge of a minority is persecuted back in the country we'll take a closer look. and a thunderings thrill ride we get front row seats for any pakistani people raise a sport that's not for the faint of heart. i'm melissa chan welcome to news asia thank you for joining us we start with hong kong's ongoing protests now on monday we had scheduled a guest to come on the program but he didn't end up making it because he was arrested during the weekend for obstructing a police officer that's according to police as a quick reminder hong kong has had a summer of discontent 1st over an unpopular extradition bill that will allow the government to hand over people in the city to china to the unrest now which has become a more general expression of resistance against the commun

"daybreak: asia." i am shery ahn in new york. paul: and i am paul allen in sydney. let's go over to sophie. sophie: a severe tropical storm is said to make landfall on thursday, and japan airlines has canceled flights, affecting more than 4000 passengers. it is considering calling off international services, as well, as several rail operators have halted train service. been stopped.ve and turning to bond markets, we will be waiting for a key from the doj, hinting yields will drop lower below the targeted range. down -30 basis boj's before the doj -- meeting. shery: the tariff delays of president trump seem to be short-lived. it is said that they will not meet beijing halfway. remain, withsues the officials saying to stick to plan talks in washington next month. editor,d to our senior and we continue to see president trump tweeting on these trade negotiations, saying first that the u.s. has been winning the trade war. "we are winning big time against about theso talking american consumer being fine with

welcome to asia business report, i'm sharanjit leyl. welcome to asia business report, i'm shara njit leyl. we welcome to asia business report, i'm sharanjit leyl. we start with america's opioid crisis and johnson &johnson has america's opioid crisis and johnson & johnson has been america's opioid crisis and johnson &johnson has been ordered to pay $572 million for its part in fuelling the painkiller crisis in 0klahoma. shares of the us drugmaker actually rose on the news as the ruling was much lower than the $17 billion the state had been seeking. the bbc‘s samira hussain has more. the bbc‘s samira hussain has more. thejudge in the bbc‘s samira hussain has more. the judge in oklahoma the bbc‘s samira hussain has more. thejudge in oklahoma said johnson & johnson was responsible for fuelling the opioid crisis but the company was only fined $572 million, a fraction of the $17 billion the state of oklahoma was asking for. in a brief statement made by the judge, he indicated the fine being levied on the company was the maximum amount

riley walters is a policy analysts in the asia -- for asia economy and technology here at the heritage foundation and our asia study center, specializes in northeast asian macro economic issues as well as foreign investment, emerging technologies and kinder -- cybersecurity, lived in japan while attending sofia university, holds masters and bachelors degrees from mason university and fluent in japanese. ly turn over to you scott to get us started. >> okay, well, thank you, bruce, it's always a pleasure and honor when bruce calls on on me to contribute. and i also just want to say that i fully endorse and agree with what mark knapper had to say and the way i would characterize it a call to statesmanship by our japanese and south korean allies. now, i feel like i'm a bit of -- at a bit of disadvantage there because i'm supposed to describe the south korean view on a panel that focuses on the economy when i'm really focused more on the political and security dimensions of u.s.-asia relations, but -- and so i apologize if i can't stay completely in my lane but what i want to do is describe

news asia coming up what happens when the guess you had planned for this program is a no show because you cut arrested in hong kong well we find out how things played out and promised a good conversation plus. after what the u.n. has called genocide the government of myanmar says it wants to see the real hinge of a minority is persecuted back in the country we'll take a closer look. and a thundering thrill ride we get front row seats for a pakistani bull race a sport that's not for the faint of heart. i'm melissa chan welcome to news asia thank you for joining us we start with hong kong's ongoing protests now on monday we had scheduled a guest to come on the program but he didn't end up making it because he was arrested during the weekend for obstructing a police officer that's according to police as a quick reminder hong kong has had a summer of discontent 1st over an unpopular extradition bill that will allow the government to hand over people in the city to china to the unrest now which has become a more general expression of resistance against the communist party in beijing so our

now on bbc news, live to singapore for asia business report. hong kong protests and business — as the city sees the 13th week in a row of demonstrations, we will get the impact on companies. india's economic slowdown, with the growth figures available, what the government is doing to attract investment. happy friday, everyone. welcome to this friday edition of asia business report, live from singapore, with me, rico oy. let's begin with hong kong. this weekend will mark the 13th week in a row of protests there —— mariko oi. there have been pressures to stop workers from taking part in the demonstrations. the biggest because of the so far has been cathay pacific. two bosses have resigned and some of its staff has been fired. for some, this has been the event that has changed the landscape of businesses in hong kong. i'm corresponded reports. because this is guaranteed by the basic law! what can you do when your personal beliefs can get you fired? in hong kong, they come out to the streets. today, no gas mask saltia masks —— gas masks o

ok let's go back to earl and washington you've mentioned central asia already twice on this program i think it's really important and instructive for our viewers to understand is that when the soviet union came to an end boris yeltsin probably the only good foreign policy decision he ever made was to work with china to make sure that there would be stability in central asia where there would not be overt strategic competition and that was a genius move because that started the process of this bilateral relationship to develop where they decided we're going to work together we're not going to compete over central asia the reason why i bring this up is that again you know the quote unquote axis of beijing and moscow if they are poor into western values what i find very interesting is i don't see russia or china under any circumstances exporting their economic or political model the west does that by default and what russia and china do not do that they don't say you're going to be sanctioned because of your evaluating our sense of truth or or some kind of western value they just say tha

plenty more to come on "daybreak: asia." this is bloomberg. ♪ paul: this is "daybreak: asia." i'm paul allen in sydney. shery: i'm shery on in new york. 84 days to go before the deadline for the exit. boris johnson is urging eu leaders to show common sense and rewrite the deal. is brussels listening and could it be done in time? we spoke to duncan edwards. >> none of our members would have voted in favor of the u.k. leaving the eu. this is not a popular move for businesses in the u k, or u.s. businesses active in the u.k.. i think the chances of the u.k. leaving without a deal are much higher than they were. we hope an agreement can be reached in some version of the withdrawal agreement negotiated. i think it is less likely. >> what preparations are you taking at the moment? >> most large companies already made preparations. the financial services industry, they were forced to make no deal preparations in time for the march 29 deadline by the bank of england. they all did. for a lot of large companies, brexit has already happened. the problem is manufacturing businesses, havin

welcome to "daybreak asia." paul: our top stories this wednesday, presidential keeps up the pressure on china with a new set of terrorists. the final list of duties may be published in days. china stabilize the yuan, .rompting speculation oil slides into a bear market as trade tensions add to slowing demand. brenda cost 20% since its april high. cost 20% since its april high. shery: stocks rebounding. treasuries paring back some of the earlier sturges we saw this week not to mention the dollar -- surges we saw this week, not to mention the dollar. we had brent falling more than 20% since its april the and sliding into a bear market. this despite the fact that we are seeing eight consecutive weeks of your talk piles declining -- u.s. stockpiles declining. 1.4%.sdaq gained let's futures at the moment under a little bit of pressure, down .1%. let's see how things are shaping up in the asian markets as we have a few central-bank decisions. sophie: it could be a mixed start for the asian stocks after a five-day loss

good morning asia. hello, world! it's tuesday, great to be back and thanks forjoining us for this edition of asia business report, i'm rico hizon in singapore and we start in hong kong. the main airport in the city remains the focal point of pro—democracy demonstrations as authorities say operations have resumed this morning. yesterday afternoon all passenger flights were cancelled as thousands of processes converged on terminals. earlier i asked frank mcmahon from the fraser institute how much the protests will impact hong kong's economy. it's potentially disastrous for both. it's tremendously important that the airport get open again. sadly, this is also playing into china's hands, both the radical demonstrators, the chinese people can't be trusted with democracy. so it's unfortunate on two fronts. very bad for the hong kong economy and not particularly good for the protests. and the beijing's rhetoric has indeed escalated, fred. they've already called the protests sprouts of terrorism and vowed to respond with a

over into government and we've got natural which we've kind of talked about a little bit the central asia i think peace is very critical expression to support the road initiative and we've got. russia's got abundant the resources china needs resources but it's much more than just economic and we've got 2600 mile border the relationship to go on much to geo political interests personal interests economic and now potential military security interests as well you know one of the things that's very interesting is that. detractors of the russia china relationship always say that russia is choosing poorly it should choose the west over china but i always counter is that under that scenario russia must surrender a great deal of its sovereignty and that it is unwilling to do that its relationship with china both countries preserve their their sovereignty and their very adamant about it i mean if you look at their relationship when one is not subservient to the other they have mutual strong interest and that's where they start from go ahead jim they have huge interest yeah they have the russians h