♪ >>> as china experiences on going economic decline. housing costs in beijing now surpass those through new york. according to an april 2016 announcement, from the uk's business alliance, they have become the most expensive in the world. investors who have given up on stocks have returned to real estate investment. prices of newly built homes in 70 major chinese cities, have surged up to 60% in the last 12 months. somehow beijing is so costly, buyers cannot be found. property prices have gone up by more than 500 u.s. dollars per square meter in just over one year. the closer you get to central beijing, the higher the prices. the pricing units are almost $15,000 per square meter. the surge in crisis has made it challenging for people to buy their dream home. many are moving to the suburbs, in search of afford abable rent. the city's commute time is the second longest in the world. >> people from all corners of the country come to the capital in search of business opportunities. unless they are very successful, it is difficult to live here. >>> the sudden rise of property prices i

beijing and north korea on a peninsula surrounded by sea on three side. i was one of the only foreigners in the city that i lived in. i lived in the northern suburb of the city called , so the free trade area. back then it was very stark difference, this was back in had just recently graduated from undergrad who is actually considered fairly well off compared to a lot of my co-workers who had been in the industry for 10, 15 years. speaking to this change that's happened with the students your experience is very different from what we see from students today at the university of iowa. i would say, you and i ... all across the board. ling: cornell college as well. andy: cornell college as well, it's very dif now, not everybody is poor. it's still a very poor country. i think that's one of the misconceptions for americans, they think of china they think about this very, very strong, wealthy country where everybody is rich. that's not always true, there are very rich people in china, but there are even more poor people still today. the rich ones gets to come over to the us in some cases, and

america. his foreign policy for china. we're live in beijing. this is bloomberg. ♪ >> you're watching bloomberg. i am angie lau in hong kong. tracy: and i'm tracy alloway in dubai. the philippine resident r odrigo duterte is turning decades of military ties on its head. lanes --is policy now leans towards beijing. tom, how serious a pivot is this? tom: it is potentially very significant on both an economic front and a geopolitical front, particularly when you consider how the philippines underpins washington's pivot to asia. the caveat is that the rhetoric we hear from duterte and whether that will turn into concrete action. he was pretty clear in beijing, saying there would be no more american military intervention in the philippines, no more military exercise. china was the one hope, as he describes it, for the filipino economy. on the question of the south china sea, which is caused frosty relations between the two countries, he said that would take a backseat to economic concerns. those words welcomed here in beijing by policymakers. we heard state media saying that they

beijing of blocking taiwan's participation in international meetings. in august the number of visitors in the mainland dropped by more than 30% year on year. n nhk reports. >> reporter: thousands of workers take to the streets. it's the first mass demonstration by the tourism industry. they are demanding the government do something to save their jobs. >> translator: we are not fighting to get a special advantage. we just want to lead a normal life. >> reporter: chan opened this souvenir store about a year ago to cater to the number of tour groups. and chan paid the commission. but he said since taking office in may, there's been an 80% drop in customers. >> translator: when one business suffers, that affects many others that work together. >> reporter: but some see the drop as a good thing. >> translator: that's become quiet and better without chinese tourists. >> translator: except for those doing business with chinese customers, there's no impact for ordinary people like us. >> translator: our economy doesn't need to rely only on china. >> reporter: leaders in beijing have suspended off

beijing, duterte agreed to set it aside for now and took home investment pledges worth billions of dollars. duterte has been making a series of harsh remarks toward the united states. shortly before his meeting with abe, the president implied he wants the u.s. military to withdraw from his country. >> i want maybe in the next two years my country freed of the presence of foreign military troops. >> duterte again lashed out at u.s. officials for criticizing his deadly anti-drugs campaign. he said america is treating his country like a dog with a leash. but japanese officials say abe made a strong argument in defense of the u.s. alliance. japan views america's presence in the asia-pacific region as vital for peace and stability. the officials quoted duterte as saying he does not intend to sever diplomatic ties with the u.s. the leaders agreed that japan will provide the philippines with patrol boats. it will also help train pilots to help the country bolster its defenses. >>> university students in russia and japan have swapped opinions by video conference. they were taking part in an event

. cnn's matt rivers live in beijing with more. good morning. >> reporter: good morning, carol. these comments came at a business forum here in beijing. the president here in beijing for his first official state visit with china. these comments, a huge surprise given kind of off the cuff to a group of business leaders as well as chinese leaders. let's show you what he had to say. >> i announce my separation from the united states. both in military but economic also. >> reporter: let's talk about why that's important and very very very significant. the philippines is one of the few countries that the united states has a mutual defense treaty with. it's been one of the united states' strongest allies in southeast asia for some time now. now, with that announcement, that would mean that the formal treaty, if it were to be a true separation as the president suggested, it would mean the formal treaty would be suspended and that would mean any u.s. military presence on the island of the philippines, many islands in the philippines, would go away. it's very important to note that this presid

what the philippines' controversial leader hopes to a call bush on his first trip to beijing. this is bloomberg. ♪ ♪ welcome back, you're watching "bloomberg markets: middle east." yousef: the philippines firstent is making his visit to china since taking office. he is leaving what is called a big delegation of business figures as he looks to tap beijing's largess. philippines' reporter looks at his pivot for china. >> you only need to look at the size of his entourage to know how serious he is about china. as of last count, more than 400 people have been confirmed to go, among them the euros -- ceo's of the philippines biggest companies. the hope is they will walk away --h aliens of dollars in billions of dollars in investments. talks about a china funded railway system are going well. one notable absentee is a former president, who ironically is a special envoy to china. it may have to do with the fact that he has been critical of the current president lately, writing that his first 100 days have been a huge disappointment. it may also have to do with the fact that the govern

a.m. i'm catherine kobayashi in tokyo. >>> former chinese soldiers have staged a protest in beijing. many are unhappy with their military pensions and job opportunities. eyewitnesses say about 1,000 protesters gathered in front of the defense ministry building. veterans of the 1979 war against vietnam were among the demonstrators. they say they cannot find jobs and their lives are hard. former soldiers have held protests before, but demonstrations on this scale in the capital are rare. police stood by as the rally continued late into the night. ♪ ♪ >> president xi jinping is overhauling china's military to upgrade its sea and air capabilities. the plan includes a cut of about 300,000 personnel. officials in south korea say they plan to use greater force, including weaponry, to crack down on chinese boats fishing illegally in the country's waters. a coast guard vessel sank off the korean coast last week after one of a dozen chinese fishing boats rammed it, the latest in repeated clashes between the two sides as chinese fishermen continue to operate illegally in the area. >> trans

exceeded his authority. pro-beijing legislators hold a majority of seats in the council following an election last month. legislators critical of mainland china include conventional pro-democracy members as well as advocates for hong kong's independence. >>> beijing has brushed off a protest by seoul over the sinking of a coast guard vessel by a chinese fishing boat. the incident comes as south korea is trying to crack down on what it says is illegal fishing off its west coast. china's foreign ministry says the korean vessel that was rammed last week had no right to patrolling the waters in question. it said a bilateral fishing agreement applies there. >> translator: the allegation by south korea cannot be justified. we launched sole representations through diplomatic channels. >> they said the coast guard had detected illegal fishing in its territorial waters. seoul said its ship was hit by a fishing boat after chasing it out of those waters. the sinking is string of incidents off the west coast of the korean peninsula. earlier this week seoul said it plans to use greater force incl

have had a terrible monday hammered by what looks like a new crackdown from beijing. we will see how they fare at the open in hong kong. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun. rishaad: we have this opening coming up in shanghai. fair to saynk it is we have been talking about the hot topic in china. it has come into the mainstream. as these debt equities get a companywe have seen that has been kept alive essentially in this cleanup. it is a question of moving those debts. that is what we heard yesterday, how you move them away from the banks and insurance companies. hassles arechinese not indefinite. anyway, shanghai and hong kong, starting their trading day. >> the hang seng and shanghai, getting underway. the official trip by the philippine president to beijing. the market is just about fla t. the hang seng come up by .6%. the pboc injecting some money back into the system today, roughly $12 billion here into the system. 40are looking at, i believe, billion renminbi, just to keep in mind. they are adding more liquidity back into the system. n

rodrigo duterte and chinese president xi jinping will hold their first summit in beijing on thursday. observers say duterte is eager to improve ties with china in return for generous economic assistance. duterte spoke to reporters on wednesday in beijing. he said he would not bring up with xi the issue of manila's dispute with beijing over the south china sea. >> i have to wait for your president to mention it. so it would not be in keeping with the courtesy and goodwill if i'm the one to open it. >> an arbitration tribunal in the hague ruled in july in favor of the philippines, denying china's claims in the the south china sea. chinese foreign minister wang yi welcomed duterte's visit, calling it historic. he said it heralded a fresh start in the bilateral relationship. chinese state-run media are running positive reports on the visit. >>> the head of the international olympic committee says he wants the 2020 tokyo games to be a showcase for recovery. he's suggesting holding some events in the country's northeast where devastation was widespread after the 2011 earthquake and tsunami

. premier li visited the mission control center in beijing to thank scientists and engineers. chinese officials say the spaceship is scheduled to dock with the unmanned tiangong 2 space lab within two days. the lab went into earth's orbit last month. the docking will take place about 393 kilometers above the planet, that's roughly the same altitude as china's planned space station. the two male astronauts will stay in n the space lab for 30 days conducting scientific experiments. >> translator: i'll make a maximum effort to build and develop the chinese space station. >> this will be the longest mission in the history of china's space program. scientists want to use the mission to improve china's technology and accumulate know-how to build the space station by 2022. >>> china's space program has been years in the making. it conducted its first manned spaceflight 13 years ago and made great strides since. >> translator: the level of china's space development, technology and capability is now up there with leading countries. our country is making the transition from space power to space

product expa at a steady 6.7% pace for the third strai and as is reported from beijing, that hasn't happened since china started repor the figures back in 1992. >> rep economic stability has be the main priority of the gover here, because some economists, the numbers toda looked a little too stable gdp at 6.7%, the same number as the first quarter, as well as the seconquarter. and that's been raising skepti about the voracity abou the numbers. many economists focused on the se figures to get a bett sense of th growth du came in lower than expec but retail sales as w fixed asset driving the growth in the thirdquarter? well, it government spendi as well as recovery ine . the government was green ligh infrastructe projec. same time, it was through the ste bank, unleashing a record amount of credit. and that helped to lift the housin sector. now, as much of the government poli have helped support econ growth here, they have been leading to some conc about potential new danger such as asset bubbles. the propey sector has seen a run up, especially in some of the big cities, such as beijin

widened his lead with the u.s., telling business leaders in beijing that he is dumping his company's traditional ally and embracing china. his comments are the strongest yet. the philippine president has touted ties with china an russia since taking office in june. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: in the sum september and october data. haidi: china housing prices keenly watched. over to tom mackenzie for the latest in beijing. it looks like growth is continue to happen despite curbs. tom: that's right. the housing sector so crucial to the economy here. beijing new-home prices for september of 30.4% year on year. , september new-home prices 39.5% increase, so it seems like prices are continuing to rise despite curbs. they were putting curves in place to make it more difficult to buy houses, increasing down payment levels. fake divorces in shanghai and people barring on lines of put down payments on those properties. we just have another line coming through, september new-home prices ro

market. tom mackenzie is looking into this and is with us in beijing. it starts with the ridesharing part -- what codes are we talking about? tom: these are draft rules that have been looked at by the cities of beijing, shanghai, and send jen. what they are looking at at is reducing the pool of drivers, which would have the biggest reaction. -- what theions authorities want to do is restrict permits for people allowed to drive these ridesharing cars to people who are residents in the city's, and in shanghai, just 3% of its drivers have residency permits. it would be a big hit to did. didi. ramy: chinese officials have also pulled out the rulebook when it comes to china's property marke. what are we talking about? tom: that's right. shanghai adding, increasing land supply. it says it will also crackdown on price rises of new home presales, and it wants to crack down on what it describes as rumor making, rumormongering, when it comes to the property sector. we have seen prices in shanghai up 5.1% in september adjusted from august. that follows from a dozen last week raising curves, increasi

review says beijing has confirmed to have to change a number of staff , including three australians, on suspicion of gambling related crimes. they say there were a series of raids last week amid crackdown on illegal marketing by casinos. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. yvonne: let's look at how asian markets are shaping up. a pretty quiet start so far, right? >> a lazy monday morning, i would say. , following astreet strong closing in europe. so it has0 minutes or changed quite a bit. when you look at what is happening in australia, we are seeing the markets fall back a little bit. china's gdp is coming out, those are the two main economic events. today, exports out of singapore, indonesia as well, philippines, factory output out of japan. you asked me how would tokyo open up 30 minutes back -- firmly in the green. a lot of risk aversion has come in over the past few minutes or so, so we are looking at perhaps a flat if not lower start in japan. this is also in focus given the news flow, so

month. prices in beijing rised 5% while those in guangzhou were up 3%. new home prices up 30% in beijing. has been easing house loan regulations to deal with the unsold condominiums and mainly in regional cities. the government is also working to curb speculative buying and selling of homes in some urban areas. >>> checking the markets, tokyo stocks snapped five straight days of gains. many investors with profits from the recent rally. and the earthquake in western japan weighed on sentiment. giang nguyen has the details from the tokyo stock exchange. >> tokyo shares opened higher on a relatively weaker yen. then stocks retreated on profit taking. and the strong earthquake occurred towards the close of the market. the nikkei 225 fell 0.3% closing at 17,184 for the entire week the index gained nearly 2%. the broader topix lost 0.4% on friday. moving to judge stocks, mitsubishi motors added more than 5%. investors cheered carlos ghosn's vow to turn them around after the mileage cheating scandal. nissan meanwhile gains 0.6%. nintendo shares slumped 6% after the company introduced it

military expansion, support u.s. allies pushing back against beijing's land grabs, and confront china about its unfair trade practices. donald trump says he will build up america's military presence in asia, slap fines on chinese made imports and make it cheaper to produce goods here by lowering the corporate tax rate. margaret brennan, cbs news, new york. >> quijano: still ahead, cleveland on the verge of busting a long baseball draught. and it's how edward jones makes sense of investing. my ancestor, lady beatrice, introduced the elizabethan ruff. great-grandfather horatio went west during the gold rush. and aunt susan was a a world champion. i inherited their can-do spirit. and their double chin. now, i'm going to do something about it. kybella® is the first of its kind injectable treatment that destroys fat under the chin, leaving an improved profile. kybella® is an fda-approved non-surgical treatment for adults with a moderate amount of fullness... or a bit more. don't receive kybella® if you have an infection in the treatment area. kybella® can cause nerve injury in th

system was announced there, a move beijing doesn't like. no shows featuring the children of celebrities are allowed either. this show 'ad, where are we going?' did that. now it's cancelled. plus, any displays o homosexuality are forbidden. an internet show about a relationship between two teenage boys was quickly pulled in february, despite getting 10 million views just one day after its release. (matt rivers) "the following things are also banned: joking about chinese traditions or "classic materials"; sensationalizing private affairs, relationships, or family disputes; or putting stars, internet celebrities or drinking a beer, although to be fair i can't do that on cnni either. you can't show anyone lighting up a cigarette and finally, you can't show anyone traveling through time. yes, even time travel can't escape chinese censors." some of these restrictions might seem odd, and you could spend all day speculating why they're in place. but don't expect an official explanation of the logic behind them. the government here rarely shares its motivations. so for now, no western influenc,

in beijing tuesday for a four-day visit. asked whether he'll bring up the issue thursday with chinese president xi jinping. >>. [ indiscernible ] >>> in july an arbitration tribunal in the hague ruled in favor of the philippines on competing claims to the waters. beijing has refused to recognize the decision. duterte expressed hope to improve relations with china to secure economic assistance. >>> an airport on a site contaminated during the vietnam war is one step closer to being cleaned up. the u.s. and vietnamese officials held a ceremony on tuesday to mark phase two of a project to remove the chemical known as agent orange. u.s. warplanes sprayed the toxic herbicide over the jungle in the war to expose communist north vietnamese forces and their supply lines. what's now done on the international airport was the site of a huge agent orange stockpile. high levels of dieoxins are still detectable. >> i am encouraged by how this project continues to be a sign of honesty about the past, dealing with what remains, and turning an issue of contention into one of collaboration. >>

remark follows overtures to china by philippine president rodrigo duterte. duterte was in beijing last week when he announced his separation from washington in both military and economic sectors. the declaration prompted washington to dispatch its most senior diplomat for asia to manila. daniel russel met with philippine foreign secretary perfecto yasay on monday. >> if separation means that the government in manila makes its own foreign policy decisions based on its own assessment of the philippines' national interests, then there is no need for a change. >> it's very important that we continue also to talk to make sure that there will be no understanding about how our friendship and our strong relations would proceed. >> duterte's remarks were widely interpreted as puzzling. on saturday he said what he meant was not a severance of ties. he said he only wanted to say manila's foreign policy does not need to always dovetail with washington's. >>> duterte is scheduled to arrive in tokyo this week for meetings, including with japan's prime minister shinzo abe. the country's top spokesper

months ago in beijing. most of the items on display are japanese. >> translator: this spoon is easy to use. >> translator: it's a little expensive. but i'm ready to pay, because our standard of living has been getting higher. >> reporter: the supplier of these services is launching a service that is rare. it will rent out wheelchairs and beds. >> translator: when the nursing care insurance arrives, the middle class will be able to afford things that until now were only available to the rich. >> reporter: japan's largest nursing care provider has teamed up to offer a comprehensive elderly care. in large cities such as beijing, house keepers often end up having to also provide nursing care. >> translator: this exercise will help people raise their legs and go up and down stairs with greater ease. >> reporter: instructors from japan are teaching care providers not only how to look after the elderly but also how to help them maintain their physical skills. >> translator: the basic aim is to help seniors remain as self-reliant as possible. so it's different from most nursing care in china.

sharper slowdown there were concerns on reports of the country's currency beijing's macroeconomic policy. we spoke earlier with duncan hewitt. duncan: there is still consumer growth. we are seeing wage growth, although it is less than before, but still something like 5.7% year on year. the one area where the government is itself keen to push is the move from value added manufacturing to high-tech. so there is emphasis on creativity. rnd wants to become a global r&d center within the next decade. they are prepared to spend billions of dollars to make this happen. there are clearly companies coming up which are being quite innovative, but there is still a concern nevertheless that there is a worry about china's education system, whether that encourages creativity, and also worries about things like controls on the internet. have the paint commerce in beijing. expressing concerns that that damage the ability to do -- for the ability for site assists to get the information they need to be innovative. there are still worries, but china is trying to make this transition work. claire: how are t

back against beijing's land grabs, and confront china about its unfair trade practices. donald trump says he will build up america's military presence in asia. slap fines on chinese made the corporate tax rate. margaret brennan, cbs new, new york. >> the cbs "overnight news" will >>> what better night than halloween eve to look at this year's presidential mask index. a poll put out by retail chain, spirit halloween which tracks sales of its presidential candidate masks. over the past 20 years, the mol has correctly predicted every presidential election winner based on the top selling mask. this year, the mask index has donald trump ahead of hillary clinton, 55 to 45%. now, adriana diaz takes us inside a factory in china which makes some of the masks. beyond the zombies and the ghouls, this halloween's most popular masks are two people you probably recognize. do you think this looks like him? >> yeah, little. yeah. sales manager at the party time latex art and crafts factory in china. where workers carefully design, stretch, spin, and spray tan america's presidential candidates. >> wa

idea. they start in 2012 in beijing. it is called hong kong taxi. they basically try to uberize the yellow stripe taxis in china. carol: do they have any advantage? there were other companies. it was a crowded space. do they have advantages over their competitors? brad: they did. they were taking the halo approach to work with licensed taxis. many took an uber approach trying to work with licensed chauffeurs of town cars or limos. there were not enough of those cars in beijing. had trouble.es some had more early investment from silicon valley venture capitalists trying to replicate uber's success in china. didi took a more licensed approach with yellow cabs. that worked better. mentality of alibaba. they called each other classmates. they would see competitors get an exclusive contract to talk with cabdrivers at airports. they would work the bus stations. instead of giving away iphones, they targeted young people. they gave apps to young drivers. i would say that early was their advantage. things did not take off until 2013. cheng wei is having problems fundraising. he realizes alib

out of china. a live report from beijing still ahead. >>> don't miss goldman sachs mareman and ceo lloyd blankfein. he will join david faber live at 2:40 p.m. you're watching "worldwide exchange." >>> good morning. new data on china's economy. a live report from beijing straight ahead. >>> shares of yahoo! and intel on the move this morning. >>> and rewriting the rules. why facebook wants you to discuss politics with friends. it's wednesday october 19, 2016. you're watching "worldwide exchange" on cnbc. ♪ >> good morning. welcome back to "worldwide exchange." i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. let's get to the market action. we saw gains yesterday led by the nasdaq up 0.8%. the s&p 500 and dow up around a half percent with all 11 s&p 500 sectors in the green. today we are looking at declines, only slight. just below flat. this off the back of a mixed picture of trade. slightly soft in europe, down 0.2% for the main indices. of course yesterday your closed very strong indeed, up about 1.5%. a bit of profit taking understandable. also a bit o

this visit in beijing of one of america's greatest rivals, china. i caution our viewers here that some of the sound they will hear from the philippine president could be offensive. the philippines president rodrigo duterte was given a full state welcome to beijing. complete with military honors. and we came prepared to return the favor and then some. disavowing his country's 70 year military diplomatic and economic alliance with the u.s. to the benefit of america's growing asian rival, china. >> i announce my separation from the united states. both in military but economics also. >> and another new friend, russia. >> america has lost me. and maybely also go to russ i w russia and putin and say there are three of us against the world. >> whew can only be described as the ground-breaking split with one of america's closest allies in the world. >> it is inexplicably at odds with the close relationship we have with the filipino people. we are going to be seeking an explanation of exactly what the president meant when he talked about separation from the u.s. it is not clear to us exact

beijing's land grabs, and confront china about its unfair trade practices. donald trump says he will build up america's military presence in asia. slap fines on chinese made imports and make it cheaper to produce goods here by lowering the corporate tax rate. margaret brennan, cbs new, new york. >> the cbs "overnight news" will be right back. (narrator) attention i like to get my hands dirty. i like to know how things work. trust me, these old engines aren't complicated. medicare...that's complicated. we knew it didn't cover everything. we learned we could be responsible for thousands of dollars out of pocket. that's why we called colonial penn. i called, he listened. (laughing) that call was a real eye opener. it turns out medicare only pays 80% of covered part b medical expenses. the rest we'd have to pay ourselves. but colonial penn has plans that can help with those out of pocket costs. (alex) it's true. i'm alex trebek. colonial penn offers many affordable medicare supplement insurance policies to help fit a variety of needs and budgets. with a wide range of standardized plans to choo

correspondent matt rivers is joining us live from beijing. matt, tell us what's going on here because this is getting ugly. >> absolutely. president duterte made these comments during a state visit to china that is actually still ongoing. this visit certainly meant to inspire warming relations between the philippines and china. it's very interesting that these comments, these negative comments about the u.s. come during his trip to china. he's made negative comments about the u.s. but let's show you what he had to say at a business forum a few hours ago here in beijing. >> in this venue i announce my separation from the united states. [ applause ] both in military, not maybe social but military and economics also. >> and so if you take president duterte's comments at face value and you believe he can follow through with it then separation means two things -- one, it means the treaty that has existed, the defense treaty that has existed between the u.s. and philippines for decades would be thrown out the window and subsequent subsequently and went squently the u.s. has a small military presenc

sea is off the agenda as he leads a business delegation to beijing. vowed to take his jet ski to reclaim a disputed reef in the area. it's the first time that president xi jinping has invited of philippine leader for one-on-one talks. >> i will go to china. i have a feeling we are ok with them. let's not talk about disputed islands. i need to talk to china first. i will tell them to let our fishermen do their jobs. apple's desire for new screens is pressuring japanese suppliers. has -- samsung has 90% of the market. is raisingays also its game, shares are surging. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. chinad: we are looking at focused hedge funds bouncing back as the stock market recovers. mean that the industry will soon be making a comeback? have seen a difficult environment for hedge funds, but what's happening with the chinese market? market shocks, volatility, especially for china-focused hedge funds. they have trailed global peers for the first time in five years , so it has been pretty tough.

aluminum into our markets. >> reporter: we took the masks to the streets of beijing to get people's reactions. some recognized them instantly. >> trump and clinton. >> others not so much? >> i would have recognized woman. while a majority of the chinese support a clinton presidency. this man is backing trump. he is a bit crazy, he said. but i support him because he has better ideas and logic. >> reporter: for forbes, a trump loss would be good business. >> so you want him to run again? >> run again in four years. good for us. yeah, of course. so next time. >> reporter: and a second opportunity to scare up some votes. adriana diaz, cbs news, china. >>> that's the "overnight news" for this monday. for some of you, the news continues. for others, check back with us a little later for the morning from the broadcast center in new york city, i'm elaine quijano. >>> welcome to the "overnight news." i'm elaine quijana. with over a weak to election day, hillary clinton is taking >>> he is reopening the clinton e-mail investigation. polling shows the political impact in key battleground state