asia. that is the message from uber‘s asia chief, in an exclusive tv interview. and who should take the lead in addressing climate change, business or government? we bring you a special report from india. welcome to asia business report, i'm sharanjit leyl. to asia business report, i'm shara njit leyl. we to asia business report, i'm sharanjit leyl. we will start with the riot hailing company uber, which has recently been on something of a bumpy track. a sexual harassment scandal led to the ousting of its founder, and last year it was forced to sell its china business to arrival. what about its business elsewhere? uber says it is taking an aggressive approach. in an exclusive interview, our correspondent caught up interview, our correspondent caught up with brooks entwistle, the new boss of uber‘s asia operations. up with brooks entwistle, the new boss of uber's asia operations. we just launched in myanmar, cambodia is on the radar soon. the competition is pretty tough. you have grabbed in southeast asia, you have grabbed in southeast asia, you have an indian rival, and uber has s

faster than you thought. you are asia's richest man, but you are-- stephen: asia's richest man, but are you still an entrepreneur? jack: i don't think about that. i don't have time to spend money. how much money you can spend. stephen: coming up, alibaba broadens its scope, investing heavily in southeast asia and into brick and mortar under its new retail concoction, and jack ma sizes up one of his chief competitors. jack: i think tony did not have any experience in mobilization. -- globalization. not like us. ♪ stephen: having conquered e-commerce, alibaba is investing in areas like cloud computing, logistics, digital entertainment and even brick and mortar retailing by marrying the online and off-line worlds through its supermarkets, as well as the cashless and cashier less convenience stores. it begs the question, is alibaba moving away from its asset light model? >> when you are young, tiny, light model is good. when you're strong, big, you need heavy things. but today's alibaba size, you should not leave the heavy model to the others. it is something you have to do, because the i

up gas prices here in asia? and on south korean electronics giant that the green light to test drive —— automatic cars. it's a friday everyone! good morning, asia, hello, world, thank you forjoining us for asia business report, i'm rico hizon. starting with hurricane harvey and it may have weakened but flooding continues to wreak havoc on parts of the south—east portion of the united states, some projections show it may be the costliest national disaster in us history. the houston area is home to america's oil and gas industry, the country ‘s largest refinery will be shut down for at least two weeks and other refineries along the gulf coast are off—line as well. let's take a look at the updated numbers for the oil markets in asian trade. it rose overnight in new york trading but in the early asian trading it is slightly down. i spoke earlier with energy analyst suzanne minter about the impact on asia. the us imports on average 3.7 million, net, 3.7 million barrels a day of crude into the gulf coast which currently is having to find markets elsewhere. but when we look at asi

about that relative lack of reporting from south—east asia. i'd like to know how the bbc decide which to cover and why the floods in america, which are less fatal, have been covered more than the floods in the asian subcontinent. is it because there are more reporters there? is it because it is easier access? or is it because they are poor people or that the asian people don't matter as much? while what hurricane harvey has unleashed is truly catastrophic and i feel for the huge loss of lives and property, i was surprised to find the disproportionately low and somewhat superficial coverage of, for instance, floods in south asia. these places do not have the kind of coping mechanisms available, for instance, in the american scenario. but the coverage doesn't seem to be anything like the type of continuous blow— by— blow account that we seem to get off the american experience. blow— by— blow account that we seem to get of the american experience. and it does raise questions of western media's euro—american bias. to be honest we expect better from the bbc. i've hardly see

mismanagement. this is bloomberg markets asia. ♪ >> equity markets are higher and higher. the fed and the boj coming through. how do we phrase this? where we go from here? dust of the few minutes ago we were talking about how the boe and the bank of canada raising rates in the fourth quarter. requiring it to throw the conversation for next year. have a look at this chart, the question really is how much can the likes of the boe and the bank of canada, given how strong their currencies have become, continue to follow the fed on its current rate policy? at what point does a policy notngthen, and become inflationary? charts, whatat the it shows you is financial conditions in the united states in the bottom part. they are still fairly loose, and what that means is that despite the fact that you have a weak u.s. dollar and currencies like the pound trading at fairly strong levels, it is not yet creating conditions where you would actually see disinflation coming through. in other words, there is scope for a lot of these big central banks will have been looking to raise rates being able to

plans of international expansion. christ hello and welcome to daybreak asia. heidi, we have been following these headlines the last hour about north korea launching yet another missile. very similar to what japan says happened on august 29th. no response from the u.s. or china, but clearly there's got to be lots of phone calls happening in the scene. therere getting news that are national security council being convened with south korea and japan. the show's out and saying this is an unacceptable situation to have another missile test of of course we are waiting for beijing. we are waiting for any response from washington to claim responsibility after this kind of event. threatening to sink japan, saying they were threatening to cast the u.s. into ashes and darkness, all of this in response into monday's u.n. sanctions. tokyo. go straight to chris, what has been the reaction of the latest in terms of the government response? chief have had the secretary come out say the latest publication is unacceptable. no indication there will be any further type of reaction. looks like we are

relationship with the world's second and biggest economy, asia's two superpowers, and with a really difficult emotional, scared history. you know where one considered-- china considered itself to be japan's big brother. was brutally invaded by japan and really only in the last 10, 20 years out of the last 150 years china is getting back on top again. and the funny thing about these two countries, they've always demanded the west quite rightly treat them as equals. the west had very racist policies towards asia 50, 100 years ago. but japan and china really struggled to treat each other's, each other as equals. you know, lends itself to an extremely antagonistic relationship. >> glor: we continuing with michael schmidt who broke the story of the boston red socks use ang apple watch to steal opponent's hand signals. >> the yank yees knew that something was going on so they were trying to take every measure that they could to stop it, to stop them from doing that. and that's part of the thing. is the catcher telling its pitcher, look, this is the second sign, it will be the fifth sign i put down,

look at the msci asia-pacific index, up by .6%. news going to roll out its note a phone in china at the end of the month, and also partnering with we chat. pretty range bound when it comes to the overall regional asia-pacific index today. we did have five sessions of gains. looking like we must all of that of the today. david: at some point it was going to run out of steam. thank you. to add to that, we had the apple store yesterday. surprised it was not discussed as much. sounds and does supply apple. it is a fairly big supplier. and the big part of the story and apple was the delay on when that phone was good to be available. he said a lot of that is and you can down to the fact that those screens are very hard to produce and they are produced by none other than samsung. iran of course how sometimes you fight, but sometimes you should get along. right, let's get you caught up on first word news. rosalind: u.s. officials say russian influence voters through is a red-hotand focus of robert mueller's investigation into the election. bloomberg that the team is zeroing in on how russia

haidi: it is 8:00 a.m. in seoul. i am yvonne man. welcome to "daybreak in show -- "daybreak asia." that is the message coming out from the u.s. ambassador to the u.n. the u.s. saying the strongest possible sanctions on korea can and it's -- these renewed tensions. pyongyang may be preparing another icbm launch. betty: i am betty liu in new york, where it is just past 7:00 p.m. on this labor day holiday. we will be looking at china's role in the crisis. how sanctions may target its oil lifeline to kim jong-un's regime. writing into bitcoin. the cryptocurrency tumbled at the pboc declares coin offerings illegal. anchor: let us get straight to some breaking economic news coming across the bloomberg involving south korea for the month of july. the balance of payments for south korea, taking up -- ticking up a bit to $7.26 billion. the good balance coming in a bit .igher at $1.07 billion yvonne, these numbers traditionally may not be that significant, but certainly, a lot more attention is being paid to south korea on the fiscal side and also on the trade side as it looks as if south

wait to see them all. i amme to "daybreak asia," haidi lun here in sydney. betty: i am betty lou at the global headquarters in new york. before we get to the great therviews, a recap of markets. we sell the dollar gain, oil markets higher, oil touching above the $50 a barrel level. that led to stocks rising. let's pull up the board to show where markets closed. the dow added on 40 points. s&p gaining. the nasdaq higher, as well. we continued to digest lots of news in the u.s. we will be watching economic numbers that are key for the market. haidi: we spent so many days talking about the weather, north korea, geopolitical risks. we are now focusing back on monetary policies and the macro environment. check out how we are setting up ahead of the data. new zealand, trading sideways, up 1/10 of 1%. the kiwi dollar at .7252. the dollar rising for a third day, expectations that may be a fed rate hike in december, pushing to almost 40%. we are taking a look at the opened in sydney and tokyo. sydney, a flat open. but watch for the energy sector, the job numbers added fewer jobs in august, 20,00

man. welcome to "daybreak asia." asian-pacific markets seen rising as investors move out of haven isis. the yen weekends while the dollar heads back to gains. janet yellen is a catalyst, warning of inherent risk in tightening policy to slowly. globalfrom bloomberg's headquarters, i am kathleen hays in new york, where it is just past 7:00 a.m. this tuesday. republican leaders prepare to roll out a new tax framework, but the numbers are hazy. and twitter experiments with 280 characters in a bid to have wider debate. ♪ kathleen: i don't care how many twitter characters you have come it would take a massive tweet to tweet out so much in janet yellen's speech today. when you look at the citations, the charts, 20,000 pages. i think she had one message, the fed is going to hike again, even if inflation is below target. yvonne: pretty much. i wonder what the president thinks about that twitter development. but then again, you mentioned about janet yellen. -- she is ono-part a two-part mission, normalizing the balance sheet. we saw the market move on this, futures up to 70% for december.

of asia's best—known businessmen, tony fernandes, boss of airasia, football club owner, one—time formula 1 investor, and a dabbler in reality tv. is it easy to lose sight of what matters most to business success? tony fernandes, welcome to hardtalk. thanks very much. thanks for having me. you have been in business for, what, three decades now. is the tony fernandes that does business today different from the young man who set out? i hope to think a little bit smarter, a little bit older and wiser, but in principle the same, the same tony fernandes from 30 years ago. what about attitude to risk? umm, maybe a little bit more cautious, maybe thinking a little bit more. but overall, i don't see much difference. i think decisions have to be made critically. i think changing management is critical, especially in this day and age, and sometimes procrastination analysis, paralysis by analysis, as i call it, is a detriment to business. i always talk to my management team about being able to change and adapt quickly. i have thought that for 30 years. one of the fascinating things about you

>> it is 7:00 a.m. in hong kong. i am yvonne man. welcome to "daybreak asia." with aeads a -- tech selloff. gold selling above $1300. brent crude jumps to a two-year high as turkey threatens -- bloomberg's global headquarters, i am betty liu in new york, where it is just after 7:00 p.m. on this monday. elsewhere, this just breaking, the latest republican attempts to replace obamacare is dead in the water after susan combs joins those voting against the bill. drama turnsip another page with apple urged to jump ship and change sides. there is a sickness going around. no, it is not what i had over the weekend, which was the flu. really took the market's down today, the big tech shares, but it lifted another portion of the markets. i want to pull up a chart for you guy. -- you guys. g #btv 4698. it shows small caps, which has been the laggards all throughout the year, now starting to see some life, some of the life fangg out of the stocks. yvonne: a different kind of flu. i am glad your feeling better, betty. some of these stocks that have suffered the most this year doing quite well.

a.m. in hong kong. this is "bloomberg markets: asia." ♪ asia extending the global stock rally, the yen weakens while oil gets a bump from talk of potential output cuts. apple's asiang suppliers after the launch of the most important upgrade in years. killing the buzz, why china's electric car pushed may be short-circuited by over exuberant investors. we will be tracking these carmakers when markets open later on. suffice to say some of these names have in did up substantially. up substantially. we will look at how it will take over on the chinese mainland. let me recap the data overnight. it is still very important. inflation out of the u.k.. have a look at my bloomberg chart. a bit of a conundrum ahead of that meeting on thursday. that is youris core inflation, 2.7%. that takes you back to 2011. fact of this driven by the the currency has been hammered so much following brexit. we are climbing back up. we are not even at the midpoint. bloomberg intelligence ran to it numbers and are saying will probably emboldened the hawks, but don't get over excited about this. inflation is over

following you, you can much run faster than you thought. stephen: you are asia's richest man, but are you still, in your mind, an entrepreneur? jack: i never think i am the richest man. i don't have time to spend money. people say jack, you can spend money better than the other guys, so how can you increase my own private set? much money you can spend in your life? stephen: coming up, alibaba broadens its scope, investing heavily in southeast asia and into brick and mortar under its new retail concoction, and jack ma sizes up one of his chief competitors, tencent. jack: i think tony did not have any experience in globalization. not like us. ♪ stephen: having conquered e-commerce, alibaba is investing in areas like cloud computing, logistics, digital entertainment, and even brick and mortar retailing by marrying the online and off-line worlds through its supermarkets, as well as the cashless and cashier-less convenience stores. it begs the question, is alibaba moving away from its asset-light model? >> when you are young, tiny, light model is good. when you're strong, big, you need h

a growing appetite for blink —— blink. good morning asia, hello world. glad you could join us. iamat hello world. glad you could join us. i am at rico hizon. the world is most powerful central bank, the us central bank left interest rates unchanged. the federal reserve kept borrowing costs in the range of i— i.25% borrowing costs in the range of i— 1.25% but another rate hike is on the cards in september. starting month, they will start reducing the massive amounts of bonds at it owns. asa massive amounts of bonds at it owns. as a result of three rounds of quantitative easing measures it involved buying bonds to stabilise the economy after the financial crisis. we asked what in pact would be? what surprised markets was not so be? what surprised markets was not so much the announcement because it had been signalled but it was more that they seem committed to continue raising interest rates. how will these impact of the us economy? we saw immediately that depreciation of the us dollar. a stronger us dollar in the short run. this is done with the means, the objective of slowi

of an uneasy cease-fire on the peninsula. soar in northeast asia due to north korean nuclear missiles, the memory of war and wounds become more pronounced and hearts aspiring to peace. this is the republic of korea on the peninsula in september 2017. me, the president of the only divided country, peace is calling. . historical duty i representing my fellow citizens who sent out a message of peace through the candlelight revolution to the global village where wars and conflicts no-no and. no end.ame --know at the same time, guard the people's rights to peace. , i hope northons korea will be able to choose to own its own path leading to peace. i believe peace, when chosen willingly, becomes sustainable. more than anything else, i am grateful that my convictions are joined by the international community. international community's demands and warnings and to our great disappointments , north korea recently carried out its nuclear test and missile provocations in the wake of the nuclear tests. the korean government has made enhanced efforts to convince countries in the region's and beyond

"daybreak asia." uncertain outcome in two elections this weekend. germany faces coalition talks, the far right returns to parliament. in new zealand, bill english came up just short, anti-immigrant party now holds the keys to power. >> from bloomberg's world headquarters, i'm kathleen hays in new york, it is just past 7:00 p.m. on this sunday. president trump another battle with senior republicans, this time over the corporate tax rate. as commerce secretaries in china amid heightened tensions over trade. we will check the mood live in beijing. ♪ >> not -- politics daunting markets, the outcomes not exactly the results we were expecting. >> we are going to be delving into the in depth in the next few hours. i want to take a quick look at a close in the u.s. market on friday. not surprising that after a fed meeting, continued concerns over what was coming out of the u.n., tensions with north korea, there was about a mixed close. you can see that the dow was just down ever so slightly. flat, fractional gains in the s&p 500 and the snp -- s&p 500e up. >> not a lot of direction for us.

a look at the setup for asia because we are seeing potentially a bit of upside when it comes to the asian open as well or it this is how we are trading in terms of new zealand. the kiwi dollar at 7259. the u.s. dollar holding that drop. ofot of money coming out haven trade despite fresh concerns over north korea. sydney futures up ahead of the open, up by .1%. the aussie dollar falling, u.s.ing under $.80 just looking for whether there is any signaling of a change in policy start there and just a roundup of how we are seeing futures shape up for the trading in tokyo. japanese markets closed at the start of the week. nikkei futures, pretty flat start to the opening, and that is how we are looking at dollar-yen at the moment at 111. betty: let us get to the first word news with emma chandra. a emma: a body he frequently derided during his election campaign. earlier, he spoke to a committee on reform where he softened his tone, saying bureaucracy and mismanagement prevented the organization from achieving its potential. the president will meet to build relationships at the u.n. as he s

attorney who just gave us her expertise thank you so much. thank you. asia is fast becoming a big buyer of u.s. crude oil despite the fact that the two regions are half a world apart as the world's fastest growing consumer of oil it's not surprising that asia would turn to the u.s. as a source of energy since the u.s. has been increasing its output but in fact a global oil markets are caught off guard over how quick the trade flow is changing some joins me now to follow the shifts of that the u.s. into china making some money how significant is this relationship between asia and the u.s. well lindsay it's huge i mean first take into consideration the asia's the biggest oil consuming region in the world and then i'm going to give you this statistic for just up until now in two thousand and seventeen asia has imported one out of every three barrels that the u.s. has sold overseas that's a huge increase we can show you a graph that shows you just how huge it is paints a picture for us we're talking about going from basically nothing to now buying a third of u.s. products so that's about th

it comes to equity markets in the u.s. a lot of talk in asia about the fed and central-bank talks. indonesia coming out later today. we could see central-bank emergence playing through in this part of the region. kathleen: isn't it interesting coming into this year, the whole story was about central banks moving in the direction, that they would all be heading toward the exit. now the federal reserve is like, where is everybody? everyone has their own reasons to hold tight, including the european central banks. i should say reasons to stay easy. yvonne: yes, that is certainly the case. we did not get a good lead up for asia. how are things looking in the wall street session thursday? seems a lot had to do with tech. kathleen: a lot of digestion, people trying to figure out where they stand with the fed and capital markets. there is a sense of a need deposit and reassess. we will talk about this shortly with su keenan. yvonne: let's get the latest in asia. we did see that pause inequities in the u.s., dow snapping a nine day winning streak. i mentioned the tech stocks leading losse

later today. this is "bloomberg markets: asia ." we are talking about elections in new zealand and in germany. before germans went to the polls, we did see what was going on with valuations in the benchmark dax. the dax is showing equity investors are not conflicted. the dax trades at about 13 times its expected profit. that is well below msci priced ratios. ndexes overweight. just half an hour to go before we get these art of the session -- start of the session in hong kong and shanghai. it is now 135. there has been guff of interest rates going up. we have been doing this for years. once has oit faulted. rashaad: every time i go to england, my trip becomes more expensive. entering the 4th quarter. high grade.f expect thos three to hike. equity markets doing good. japanesef the weaker yen, it is no longer here. a little into em's. getting out of the bond markets, we are seeing yields of. up. percent. is up 0.4 starte seen a downpouturn to flow. watch out. this is your 200 day moving average. there is your chart. 51 on our terminal. we could be talking about elections in japan. the la

mixed session so far when it comes to the equity space in asia. barely large caps budging. the hang seng falling for a second day this week. when it comes to the currency space, dollar strength continuing to dominate the theme there with the relief rally held at some sort of renaissance for the dollar of sorts. the in mind markets remain most bearish on the dollar since early 2013. we have the offshore yuan continuing to spike what the onshore rate this up .1%. this after the weakest faxing from the pboc since september. dollar strength, that perhaps could reveal the line in the sand for the pboc when it comes to the yuan and how far they let could signaleat its comforts on. policymakers have supported the yuan, its rise this year, after its worse annual loss in two decades. as you can see from this chart, the pullback in the onshore yuan , the read is the pboc thinks the rally has gone too far. i want to look at with the hang seng. we have a mixed bag. ly votto, gaining 1.6%. givene automakers lifted plans to liberalize the electric vehicle market there. after topping 20,000 for a

growth. they are expecting growth. hello, and welcome to "daybreak asia." i am haidi lun in sydney. betty: i am betty lou at global headquarters in new york. we are talking about the aftermath of the ecb meeting. but really, we are looking ahead to this weekend. i want to bring this function. it shows you the path of hurricane irma, which is expected to make landfall sunday afternoon. you can see it will hit miami at 2:09 p.m. as a category four hurricane. this has been -- a fascinating story, six months in and making, owing to the el niÑo affect. after hurricane irma we have hurricane jose. looks like there will be no relief for the storm. that reflected market sentiment. let's pull up how the market closed, jitters among investors. even see the dow off by 20 three points. the s&p and nasdaq unchanged right now. when it comes to asia, a mixed picture. we're looking at positivity in early trading. new zealand, look at how we are shaping up, the nzx 50 up by 2/10 of 1%. the kiwi dollar at .7231. it was the worst performer out of that g10 space. we will look at asian currencies. als

calls into question the u.s.'s future an influence in asia. the book "asia's reckoning" calls into question these powers. good to see you. >> thank you for having me. it is terrific to be here. jeff: you talk a lot about the concept of americana. is it over? >> it is not over yet. asiaericana in east shows america as the dominant power since the second world war and the policymaking power. let me give you an example. it is quite remarkable that 70 years after the war the u.s. still has troops in south korea. it still has troops in japan. it has troops in australia. it has facilities in thailand, singapore, the philippines and the like. interwoven set of security guarantees that the u.s. provides for east asia and has provided for 70 years. i guess linked up up with the economic system the u.s. has built since the second world war and built along with europe, which is basically built around open markets and rules. the rules of the road. portrayed, for security. that is tax americana. jeff: we are 100 removed years from world war i. >> this is the legacy of world u.s.i, the legacy of

, welcome back from your break. i'm michael green. i'm the senior vice president for asia and japan chair here at sic and a professor at georgetown and like victor cha, a veteran of the long forgotten bush administration. this panel is going to look at our alliance in the context of northeast asia. the previous panels touched on bilateral defense issues, on ways to deal with the rising threat from north korea. those issues will come back in this panel, but what i hope we can do for the next hour and 15 minutes is provide the larger geopolitical context within which we're now working. the north korean nuclear challenge cannot be divorced from the larger geopolitical memory and vision for the future of northeast asia. and we are confounded, we are obstructed in our effort to find a diplomatic solution by the fact that there are different ideas in north east asia about what the region's past was and what the region's future should be. views as diverse as china president's she's speech in shanghai several years ago where he called for a northeast asia without blocks which most people in

are increasingly robust recovery. this is "bloomberg markets: asia." ♪ david: as we mentioned, market taking a pause ahead of the fed. where are we? fx flat. not a lot of i am right now. let's take a step back. that is your forward multiple across the group. we put that together with the earnings yield and blue. that tells you they have outpaced revisions upward. .e are currently above it gives you yield gap just just above 4%. open ofes away from the markets. what are we watching? not very excited about today. sophie: you can smell the caution in the air. taking bigiding positions as we wait for the fed. the kospi had a session low. aussie stocks leading laggards, falling for a second straight day. telecom stocks on the back foot. the currency space, the aussie under pressure, perhaps sliding given what we futureing in iron ore, slumping 10% in the past four days. .he dollar is rebounding the hong kong dollar higher. on tuesday, it jumped. investors seeing a bit of a hangover after yesterday's advance, the most heavily traded day for japanese stocks. near a two-year high. it

department of defense, and mine was the asia-pacific region. although i identify as a moderate democrat in congress, i have two secretaries of defense, donald rumsfeld and gates. i can't tell you how different those experiences were. i'm a believer of the old maxim to the greatest extent possible, politics should end at the water's edge. i continue to cling to this principle and at this point quite frankly, desperation. in my brief framing remarks i'd like to underscore the importance of alliance between the united states and south korea, to identify what i believe are the two main challenges to this alliance and offer views from congress how these challenges should be addressed. let me have a few word about the alliance. it's somewhat of a cliche for government officials to assert that the relationships between two nations are common values. however, between the u.s. and south korea, it's true. it goes well beyond this, this alliance is special because it was built in battle, forged in fire and shaped by shared sacrifice. between 1950 and 1953, the citizens of our two nations

♪ >> asia-pacific markets signaling a positive open has traders shrug off the impact of a hurricane and geopolitics. >> north korea topping the agenda is world leaders gather at united nations. kim jong-un says he will achieve his nuclear ambitions. >> japan and may have a snap election, voters approving the handling of the missile threat. >> ahead of the united nations general assembly, we get the view from j.p. morgan. ♪ >> hello and welcome to "daybreak asia." interesting to see you in singapore now. you are all over the place. the markets are all going in one direction. by oneinto the trade hour, pointing to a higher open. but show the board where we ended up on friday. another record run. the s&p above that 2500 level. the dow and nasdaq higher. that is the picture in asia right now. focus onabout the central banks with the boj and the fed going into that fed meeting, still under 50% on expectations of a move in rates. the focus is on the details of this balance sheet unwind. thing is interesting we are focusing on geopolitics. ,e have campaigning in germany reports that ther

group. good morning, asia. hello, world. welcome to asia business report. i'm rico hizon. us president donald trump does not mince his words. in his first ever speech to the un general assembly, he threatened to "totally destroy north korea if need be. " he also called iran and authoritarian regime and said the 2015 nuclear disarmament deal was one of the worst and one—sided transaction is the us has ever entered into. earlier we werejoined by the us has ever entered into. earlier we were joined by a member from the militant institute has said the ramifications from the speech are likely to be negative. it was interesting when i watched the speech, that wasn't my takeaway. what came across was a pragmatic american president. clearly he wants to do what is right for the american people, just like every country's leaders. what it means in terms of existing trade deals is clearly this administration is going to look at it and see if he should be adjusted. with all of the negotiations both sides have to come together. what if the us doesn't get what it wants? could it totally p

education. good morning, asia. hello, world. welcome to another edition of asia business report. it's a monday. i'm sharanjit leyl report. it's a monday. i'm sharanjit leyl. thank you forjoining me. investors are focused on the world's top central banks this week. taking a look on tuesday, the us federal reserve begins a two—day meeting where they will crunch the numbers to decide whether to raise interest rates. at the last meeting, they left borrowing cost all two unchanged, but the latest numbers in the us have been picking up. —— costs. the bank ofjapan meet on thursday. on that day, draghi was speaking at a conference on financial stability. they will be looking at clues on the plan to pull back on the programme of quantitative easing and how it is going. experts told us what to expect. it is almost exactly ten yea rs expect. it is almost exactly ten years since a massive reduction in interest rates, pa rt years since a massive reduction in interest rates, part of the crisis. the big question is they going to continue to let interest rates rise in order to deflate the massive

for the cassini probe, but asia's space economy is about to ta ke but asia's space economy is about to take off. good morning asia, hello world. glad you could join us. i am rico hizon. we begin with crypto currency, and bitcoin is on the longest losing strea k bitcoin is on the longest losing streak in more than a year because ofa streak in more than a year because of a chinese government crackdown on crypto currencies. btcc china, one of the country's the largest exchanges, said it would stop handling trades by the end of the month. there has been a flow of media reports saying that china plans to shut down bitcoin exchangers soon. the central bank is also banned initial quoin offerings, which is used as a way for virtual currency start—ups to raise money. given that a large portion of bitcoin trading is in china, what does this mean for other crypto currencies? i posed the question to the founder and ceo of change bank, a crypto currency start upholding an initial coin offering this saturday. i think everything new, if you are a government or a bank, is uncertainty. and you are

for a battle on alibaba's home turf. betty: hello and welcome to "daybreak asia." i am betty liu at bloomberg global headquarters in new york. been on thes u.n. voting on these tougher sanctions against north korea, but not tough enough, right? of the oil embargo falling far short of that that was talked about were discussed by north korea. still, this is going to cut north korean exports by about 90%, and that is still going to have some bite on north korea. haidi: absolutely. looking at these numbers, the sanctions cutting 55% of north korean death, diesel, and heavy fuel. energy short of that embargo as well as the freeze on his assets that have been sough t. it is a little bit of a compromise because it was widespread expectation that the sanctions would not have gotten the vote of china and russia. betty: ahead of all of this news, which was widely expected, the market had a steady day -- a seller day. a record for the s&p, with leadingls and techs the way. the dow higher by 260 points. the nasdaq also gaining by over 1%. the question of course, haidi, every time we see a day l

shifting power dynamics and asia. presentmains ever competition. --na's growing chow or growing power calls into question the u.s.'s role. richard mcgregor wrote a book reckoning," we are pleased to have him back. the two seo. richard: thank you for having me back. jeff: good to have you. how do you define it today, and is it over? americana in east asia is really america as both the dominant power in east asia since the second world war and also the sort of policymaking power in asia since the second world war. i begin you an example. it is remarkable that 70 years still has troops in south korea, still has troops in japan,. it has troops in australia. that is pax americana, and interwoven set of security guarantees that the u.s. provides for east asia and has provided for 70 years. i guess linked up with the economic system that the u.s. has a build a since the second world or and built along with europe, basically built around open markets and roles, rules of the road for trade, security, for the high seas, and the like. years removed from world war i, this all comes back to world

tiger is following you, you can run much faster. >> you are asia's richest man. are you still in your mind and entrepreneur? >> i never think i am the richest man. i don't spend money. i don't have time to spend money. you can spend money better than the other guys. how much money can you spend in your life? broadens up, alibaba its scope investing heavily in southeast asia as well as brick-and-mortar under its new retail concoction. and jack ma sizes up one of his chief competitors. experience athave globalization, not like us. ♪ ♪ having conquered e-commerce, alibaba is prompting -- broadening its ecosystem by investing in cloud computing, logistics, digital entertainment, and even brick-and-mortar retailing through its supermarkets as well as the cashless and cashier-less convenient stores. it begs the question, is alibaba moving away from its long standing model? big,en you are strong, think about it. you need having things. for today's alibaba sites, you should not leave the other model to the others. you have to do it because the infrastructure is building up. you have to in

$1341 for ounce, up almost 1%. that is a risk off play for asia as it opens up trade. david: it does. when you look at the gold play, that might be one area that might see some green. broadly speaking, at the moment, new zealand flat. kiwi dollar a slight bid here. japan, and south korea are the three big markets we are waiting to open up and react to these developments on the weekend. there we go. 2.63, i cap lower of four basis points on the aussie 10 year, flat on the aussie dollar. there we go. japan, this will be interesting. we are trading on the futures on the nikkei. points lower from the close on friday. stronger japanese yen, below 110 will create a lot of pressure on equities in japan. ,e are watching the nikkei vix last traded at 15 point 17 and we expected to inch higher as we get underway in tokyo and just over an hour from now. get some more perspective from the u.s. angle, the view from washington. laura, just to give you a sense of what we have been seeing out of donald trump's twitter feed on north korea. this is the between everyone is talking about. findingsouth k

three to -- you can run much faster. >> you are asia's richest man, but you -- are you still an entrepreneur? >> i don't have time to spend money. can -- how much money you can spend. >> coming up, alibaba broadens its scope, investing heavily in southeast asia and brick-and-mortar under its new retail concoction and jack ma competitors.of his >> i think tony did not have any experience in mobilization. .- ♪ e-commerce,nquered alibaba is investing in areas like cloud computing, and even brick-and-mortar retailing. the convenience stores. it is a question, is alibaba moving away from its asset light model? >> when you're young, light model is good. , youyou're strong, big need heavy things. should not leave the heavy model to the others. because youdo it have to invest. consumero change the experience because you have this growing class in china whose expectations and demand are being elevated. offline, we cannot separate. be the retail formats will upgrading or redefined. to incubate the ouressful model and empower operating business process is most important thing is to embra

yvonne man. welcome to "daybreak asia." stocks are an excerpt on the final day of a strong quarter. the msci asian-pacific index down for the six day in a row. oil also on the retreat, after bouncing into bull market territory earlier. betty: from bloomberg's global headquarters i am betty liu in new york, where it is just after 7:00 p.m. thursday. governorof england hits back at brexit critics. mark carney says he will continue to highlight the risks. postdivorceier says trade talks are underway, and the u.k. much -- must offer more. we have breaking news in south korea. it was a data dump morning. the surplus widening. year on year, $6 billion. industrial output rising 2.7%. this is also for the month of august. that is well above what economists had estimated at a gain of 1.3%. the number to really watch is the factory output, the industrial output, 2.7%. we did see a revision and --inkage or decline, 0.2% down 0.2% in prior months. a lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. is that going to dampen consumer demand

continuity or change. ," i am to "daybreak asia haidi lun here in sydney. betty: i am betty liu in new york. talking about hurricane harvey recovery efforts and now we are focused on hurricane irma and how the markets are looking at this. 108.nt to pull up a chart, 4 benchmark catastrophe bond index, which shows you how much these bonds have fallen in the face of these hurricanes and storms. matthew,ee hurricane the big decline we saw in that. in 2012, this is hurricane they, which devastated northeast region. i remember vividly being out of power for over a week. this on the right sound -- right hand side is hurricane harvey so far. milder than the catastrophes of the other storms. however, many are saying that hurricane irma could be just as bad, maybe even worse than what we saw back here in 2012. think you don't want to about it that way, but barclays said it could be the most expensive storm in u.s. history. you can see that price action playing out in -- with orange juice futures, sugar, cotton. they have a worst-case scenario $130 billion. betty: incredible. washington, they are talk

one east. the remote windswept farrow islands are a world away from tropical southeast asia. but hundreds of asian women are moving to the south park to islands between norway and iceland amid a shortage of local women. i'm steve cho on this episode a one a one east we meet those traveling to the far reaches of the earth to look for love. at first sight the faroe islands make your heart skip a beat. secluded in the north atlantic ocean it's striking mountains a cloaked in fog there's not a tree or a person inside hard to imagine for someone from the philippines and looking so dish know who else. push the house this is hers is thinking. many have never heard about this tiny country at the door of the arctic circle especially in tropical thailand when i told my friend that i going to be in fair island they say why you keep it there. home to only fifty thousand people and eighty thousand sheep. it's also cold and wet. and the straining a lot. and in darkness for more than half of the year. went. it feels very clue blooming. everything it's like shock because we come from one country