united states and china to influence newly independent african and asian countries during the cold war. he is the author of "winning the world: sino-american rivalry during the cold war." this 90-minute event was co-hosted by the woodrow wilson center and the national history center. today's seminar featuring gregg is co-sponsored by the woodrow wilson center asterisk program and the institute. with that, christian will introduce today's speaker. >> thank you. welcome to all of you. they've been patient with us in the past -- running over session. c-span is here. be aware you will be taped. i feel good about giving them a couple minutes extra for set up. we have, for those of you who have been with us for this spring semester, we have had a number of really great presentations and special events. this is one particularly special, special to me, the brazinsky'segg "winning the third world." gregg, as many of you know, is associate professor of history and national affairs at george washington university, really one of this country's leading historical voices and historians of asia. he i

, it's time for world business report. china's premier hails the opportunties of economic globalisation but warns against the dangers of unfair growth leaving some behind. it's 50 years since the world's first cash machine sprung up in a london suburb — but does the atm have a future? welcome to world business report. i'm rachel horne. in the last hour or so, china's premier li keqiang has been hailing the benefits of economic globalisation, saying it brings unpredencented opportunity for all. but he also warned the world economic forum in the north—east chinese city of dalian that fairness is essential, or else people will feel left behind by the rapid changes the world is facing. but it's not necessarily that straight forward, because many countries are caught in a wave of political populism, which means their leaders put their own interest first. for instance, the hosts china have their work cut outjust to provide the economic growth to keep living standards where they are. after the usa, china is the world's second largest economy, with a value of $11 trillion —

always be some worse options that they take. and in china, that has often been the case. but how bad it can be we did not anticipate, massacre, bringing tanks, hundreds of thousands of troops, under siege, the whole beijing city under siege. and in my personal account, i mean, yes, we paid a great price. i have not been able to see my parents, my family, for the last 25, 26 years. it is a great price to pay, but my price doesn't even compare with those who lost their life that night, hundreds if not thousands of them. let's go back to those days of may and june, 1989, then we will look forward to where china is today and where it's going. but if we go to 1989, here is an interesting thought that ihad. you were using this word "democracy" at the time, and yet you were a child of a one—party state. yes. you were brought up in the country created by chairman mao. yes. how on earth did you know what democracy was? well, first of all, the communist party never really denied the term of democracy. and in fact, the word democracy in chinese translated back into english is people rule. so, he

relations. looking at u.s.-china relations and the question >> complex and oppressing questions, foreign-policy questions before us. that is the question of whether avertand washington can the pressure toward confrontation. the pressure of history. the patterns of history that drive the ruling power and a rising power into confrontation. even the harder question, which we will also deal with, is what do we do about it? a couple notes at the beginning, please turn off your electronic devices, not just vibrate because that can interfere with the sound system, and, if you have a reason to use your phone outside, you are welcome to do so. our meeting today is on the record and we will talk for about 30 minutes and open it up to questions. our distinguished panel begins to my right with my friend stephen. she is cofounder and research director where she keeps an eye on the macroeconomy on a range of industrial sectors and has as much experience on the ground as anybody i know. is the chinat study manager eli. he had a special focus on china policy in the midst of a vast portfolio. and our vis

, la, ♪ sha, la, la, la, la, la, ♪ sha, la, la, la, la >> archival voices: china's younger generation is driving a growth in consumption. this is where the real power is -- china! ♪ >> anthony: if you live in manhattan, like i do, and you think you live in the center of the world, this place, shanghai, will confront you with a very different reality. turn down a side street -- it's an ancient culture. the centuries-old mix of culinary traditions, smells, flavors. a block away, this. an ultra-modern, ever-clanging cash register, levels of wealth, of luxury, the sheer volume of things and services unimagined by the greediest, most bourgeois of capitalist imperialists. the city is split by the huangpu river, a tributary of the yangtze, into the older section, which features the bund, and the newer, built-up section of pudong. the one thing i know for sure about china is that we'll never know china. it's too big, too old, too diverse, too deep. there's simply not enough time. that's, for me, the joy of china -- facing a learning curve that impossibly steep. the certain knowledge that ev

banking regulator in china wants a report card on overseas acquisitions. kazakhstan is strapping in for what could be a fast ride on china's one belt, one road expansion. good morning, asia. hello, world. welcome to another edition of asia business report. it's a friday. i'm sharanjit leyl. china's banking regulator has ordered a group of lenders to assess the exposure to offshore acquisitions by a handful of companies on a buy spree overseas. they are some of china's largest, like hna and fulson. i spoke to our shanghai correspondent asking why authorities are so worried. there are two elements to this. they see the acquisitions, a vast 235 billion us dollars last year, they see it as giving a risk to the currency. they don't want that level of capital out of there. and they are worried about big chinese conglomerates raising money in this country. there is a big worry about debt overall in china. wealth management products, retail vehicles, high risk, china. wealth management products, retailvehicles, high risk, high interest—bearing, it is a concern among much of the authority

against humanity. the taliban has denied any involvement. china and the european union are preparing a joint statement in support of the paris climate change agreement, in an apparent attempt to take over global leadership on the issue. president trump, a well—known climate change sceptic, is set to announce whether the america will withdraw from the accord. now it's time for hardtalk. welcome to a special edition of hardtalk with me, stephen sackur. today, the bbc is running a series of programmes about democracy, the idea and the reality. it's a theme our guest today has reason to consider in great depth. wu'erkaixi was one of the leaders of the tiananmen square student protest in beijing in 1989. he became one of the chinese government's most wanted men. he escaped, and he now lives in exile in taiwan. and today, hejoins me, and a hardtalk audience here in london. applause. wu'erkaixi, welcome to hardtalk. thank you very much. we could use more platforms like this to voice our idea. well, i want to talk to you all about your ideas. and i want to begin by taking you bac

declines declines extend to asia. mark carney's there is no rush to raise rates. ma saying china will drive the global economy for decades, urging america not to miss the boat. more reaction to the msci decision throughout the morning. it is a question of locally traded a-shares comprising as of global emerging markets gauge. that's right. about howen talking these china large-cap companies have been outperforming the small cap. #123 on your bloomberg. you can see these are the big airlines,c, take among those that will be added for a-share and collusion. capquestion is this premium gap between- a-shares and h-shares. as this move gets underway, we will see the valuations in shanghai come down to match the global level. let's get a look at the markets ahead of the china and hong kong open. these twin the stories, capital maycerns rotate out of other emerging markets. saying goldman sachs korea, taiwan, and india may see their benchmark waiting reduced. there could be limited impacts onlyrean stocks given that takes place next year. when we look at the reaction in asia, it is driven by

china, beginning in the late 18th century and of to the korean and vietnam wars. the kansas city public library hosted this event rate it's about an hour and 15 minutes. really appreciate you all being here tonight, it's great to have you. us --urns out to be not not necessarily by design, but happenstance, our second look in as many nights into international politics and relations straight who was here last night for condoleezza rice? thank you guys for coming back. jeff, you have a hard act to follow. believe me, this is the guy to follow it. because, but we have done is now we are following it up with a be our favorite programmg partners, the u.s. army command and general staff colle in fort leavenworth. for the better part of the past century, it seems, we have been trying to figure out our relationship with china. right now we see china as a linchpin in what might happen with north korea. we are fortunate to have with us one of the foremost authorities on u.s.-china relations. he will examine a key 50 years been in the relationship of the two countries, in this case from 190

states and china to influence newly independent african and asian countries during the cold war. he is the author of, winning the third world, american rivalry during cold war. this 90 minute event was co-hosted by the woodrow wilson center and the national history center. seminar featuring greg brezinski, which -- christian will introduce a one thend, is co-sponsored by woodrow wilson center's dish program, and its kissinger's -- institute as well as gw history department. with that, christian will and should is today's speaker. thank you. thank you eric. welcome to all of you. apologies for the slight lead. .e have since been covering the they've been patient with us in the past -- running over session. i feel good about giving them a .ouple minutes extra for set up be aware, you will be taped. we have, for those of you who have been with us for this spring semester, we have had a number of really great presentations and special events. this is one puts particularly me, the special to launch of greg brezinski's worldg the third sino-american rivalry during the cold war. know, isan

since being appointed attorney general. >> now, a look at the history and future of u.s.-china relations. this runs one hour. conversation] >> good afternoon everybody and welcome. this is on the subject of u.s.-china relations. is sponsored by the brookings institution. i would like to commend the panelists for agreeing to mostss some of the pressing questions before us, and that is whether beijing and theington can avert pressure toward confrontation. the pressure of history. a ruling power in day rising power in conversation -- confrontation. the larger question is, what do we do about it? requests.ousekeeping please turn off your phones, do not turn it to vibrate because it could interrupt the sound system. themeeting today is on record, we will talk for about 30 minutes happy or and then -- up here and then turn it over to questions. on the right, one of the great china specialists. co-founder and researcher. she keeps her eye on the macroeconomics of a range of subjects. then, the maurice greenberg senior fellow. national security adviser to vice president biden with special focus

continue. china's declared policy of a d nuclear isaac larian -- denuclearized korean peninsula is our policy as well. also that of japan and the republic of korea. all nations share an interest in restoring stability. the trump administration is encouraged by china's renewed commitment to work with the international community toward denuclearization. ultimately, we believe china will come to recognize north korea as a strategic liability, not an asset. a liability inciting increased disharmony and causing peace-loving nations to increase defense spending. as china's president xi said in april, only if all sides live up to their responsibilities and come together from different directions can the issues be resolved as quickly as possible. i agree with the president's words. and those words must be followed by actions. by all of us. north korea poses a threat. it is therefore imperative that we do our part, each of us, to fulfill our obligations and work together to support our shared goal of denuclearization of the korean peninsula. we are coordinating with the united nations, with our

this is bbc world news, the headlines. china and the european union are preparing a joint statement in support of the paris climate change agreement. president trump is set to announce whether america will withdraw from the accord later on thursday. theresa may's political rivals have criticised her for not taking part in a televised, election debate. the event was marked by heated exchanges on, immigration, security, and the future of britain's public services. world leaders have condemned the massive bomb attack in kabul. the afghan president described it as a crime against humanity. at least 90 people, most of them civilians, died in the blast. ten philippine soldiers have been accidentally killed in a government air strike in the south of the country. the army has been battling for more than a week to retake several regions from forces linked to the so—called islamic state group. now it's time for world business report. closer ties between the eu and china — that's the aim. the leaders are meeting at at summit in brussels later hoping to counter president trump's stance on t

growth in china. kata has been suspended in tokyo amid claims that may file for bankruptcy. it could seek protection in japan first, filing chapter 11 afterwards. their products are linked to at least 17 deaths worldwide. ofis in the process replacing 100 million airbags around the world. holdings of u.s. treasuries rose for a third straight month, the highest in six months as the yuan stabilizes. beijing's ownership arose by $4.6 billion to just over $1 trillion. $2.1 reduced its total to trillion, down from a month earlier. at the boe,emerged half of the policy committee dissenting. in its biggest division in six years, the monetary policy committee vote 5-3 to hold the key rate at .25%. an uncertainacing time, real earnings falling, consumer spending weakening, and fallout from last week's election. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: let's get back to one of our stories. doj concluding its board meeting , not much expectation of any change in policy come instead a focus on governor k

at 9:00 eastern on book tv. next, a look at the state of u.s.-china relations. speakers include former a formeran and secretary of state. china's ambitions and the u.s. policy in the asia-pacific region. from the council on foreign relations, this is one hour. >> i know we have a lot of ground to cover, a of questions a lot of people want to ask. some of you have contacted me before to log your request. good afternoon and welcome to this council on foreign relations meeting on u.s.-china relations. i'm from the brookings institution. i'm thrilled to be joined by three of my favorite scholar practitioners. first, i want to commend them for agreeing to weigh in on one of the most complex and pressing questions, foreign-policy questions before us, and that is the question of whether beijing and washington can a vvert the pressure towards confrontation. the patterns of history that drive a willing power and rising power into confrontation. that we harder question will deal with is what can we do about it? a couple of housekeeping notes. please completely turn off your electronic dev

to work closely with the government of china to stop illicit financing involving north korea. we are in no way targeting china with these actions. we will be meeting with china and other countries at the g20 next week to further our efforts to cut off north korea's illicit activities. north korea's provocative, destabilizing and inhumane behavior will not be tolerated. we are committed to targeting north korea's external enablers and maximizing economic pressure on the regime until it ceases its nuclear and ballistic missile programs. with that i'd be happy to answer any questions. >> thank you very much. on north korea, congressman introduced north korea travel bans, do you have any kind of -- for the north korean travel ban act. >> i have no comments on that today, although i will say we will continue to look at a range of options as we are very serious about them stopping their activity. >> how do you quantity fie the financial activity you're trying to stop today and the access, direct and indirect, this particular bank had the u.s. financial markets? >> this is very significant

business person who does business here? 13% of your revenue or thereabouts comes from china. what stood out to you? >> the premier is stretching very much -- stressing very much the inclusive growth in the west. i mean, c hina has benefited quite a bit from globalization. international, trade. but in the west, and the united states, several european countries, the feeling is that the globalization has not been ofeficial for all parts population and there is roughly 30% in all countries who feel left behind. and those people vote in a particular way. as we've scene in the u.s. with brexit but also le pen in franc e. it is a kind of protectionism. and, china, of course, does not want u.s. to be protection is an want free trade and wto. dei'll play the -- get. -- vils' advocate. donald trump says they have not been playing by the rules, living up to the wto. europeans have been critical about market assets and not upholding some of the commitments they made. i know you are in china, so no one likes to criticize. what is your fair assessment of how china has progressed since 2001? thehina h

with two u.s. roles. china and the e.u. say they are picking up the fight. betty: gunfire at a manila casino. please do not know if it is a terror attack or a robbery. yvonne: australia calls on beijing to rein in north korea. ,"tty: this is "daybreak asia live from bloomberg's u.s. and asia headquarters. i am betty liu, in new york. yvonne: i am yvonne man in hong kong. breaking news out of south korea on first quarter final gdp numbers coming in at 1.1%. for 0.9%s were hoping estimate. relatively marginal beats. a year on year figures coming in at 2.9%. gdp setting the fastest face -- pace we have seen since 2013. we will see what the market reaction will be. big story this morning that happened the last couple hours, the stunning announcement from president donald trump. we saw classic donald trump come out. we absolutely did. at that overshadowing any news we are getting so far. in terms of the reaction in the market, it was interesting. been.s. markets have getting higher. they ended at the top of the session. you can see the s&p higher by 0.8%. the dow adding on 135 point

the european union and china create their own alliance — cutting out america? as eu and chinese leaders meet in brussels they're looking to counter president trump's stance on trade and climate change. live from london, that's our top story on thursday 1st june. so what would a deal between the eu and china look like — and what role for india in the middle? we'll have all you need to know. also in the programme... in from the cold. pakistan's economy rejoins the emerging markets index — a sign that stability could be returning to the turbulent nation. and european markets are looking like this at the start of a new month, but the same worries for them persist. and divide and rule — we get the inside track on the business that's split the world up into 57 trillion three—metre squares, each with its own code... it's an innovative approach to mapping that's being taken up by the likes of the red cross and deutsche bahn. don't forget, we always want to hear from you about anything on the programme — it's easy to get in touch, just use the hashtag #bbcbizlive. welcome to th

per how much higher u.s. emissions are per person than chinese ones. 2006, we saw china overtake united states in terms of overall emissions. where does that bring us to? bring up the next chart, there we go. coa is the s&p 500 versus l and solar. since for about a year or thereabouts. al index has moved higher on this climate change agreement being consigned to the wastepaper basket. there we go. haidi: that's right. the other side is what does this mean for global leadership, the sense that the u.s. is vacating its leadership mantle globally and china is ready to step in. the china and the eu working towards this climate change deal. take a look at this pie chart. total solar investment across the world divided by region, asian making up the lion's share , over 60%. china is a massive part of that as well. the question is the opportunities that will be gained when it comes to this, china's leadership when it comes to tackling climate change and in conjunction with the hundreds of billions of dollars being poured into infrastructure investment avaya one rolled, one belt. road, o

♪ geopolitical risk on the rise. >> china's manufacturing may have already peaked this year, with signs of factories will slow down. >> and takata is said to be the biggest loser of the day. customers fear they have to dig deep. >> in the supreme court revises president trump travel ban, saying travels must prove bona fide ties to the u.s. 8:00 is a clock a.m. -- a.m. in the emirates. shery: this is "bloomberg markets: middle east." day.e seeing a mixed some positive sentiment in japan because of the japanese yen. everything else is mixed. are pressing -- pushing toward the upper limits of the dollar-yen. several markets are reopening today, they have a good of catch-up. the philippines, i think it is leading gains right now. the other story, we are not getting -- except for markets in china. down one quarter of 1%. in the previous hour, they said when you look at the valuation, still quite cheap in the asian markets. iron ore top of the list. up 3.4% following industrial profits in china continuing to rise. i think it was 6% year-to-year. shery: you mentioned some markets coming

principles in both the civilian and military agencies. president trump looks forward to his visit to china later this year. as we said before, relations have undergone a profound transformation in the past 40 years. these dialogs provide an opportunity to consider how we are going to engage and live with one another over the next four years. furthering the relationship we need to expand areas of cooperation as we did today on issues that we have secured interest but we also need to address directly and frankly areas where we face threats or have differences so that we can narrow the differences and solve the problems. the most acute threat in the region today is posed by the dpr k.. we called for verifiable denuclearization of the peninsula and to halt its nuclear weapons program and ballistic missile test as it is stipulated in the security council resolutions. we reaffirmed the commitment to implement in full all relevant un security council resolutions. for example we agree that companies should not do business with any designated entities in accordance with these resolutions. china und

, what does the future hold for hong kong and china? indeed, talking china, breaking news, manufacturing pmi and nonmanufacturing data from a slight move to the upside, 51.7, looking for 51. what is your instant take? >> it is a surprise. i thought sentiment is weaker. you have a cooling off for the real estate market. it means momentum in the economy continues to be robust and that very gradualonly slowdown at worst in the coming few quarters. let me bring up a chart, #7313, the diversions nonofficialcaixin manufacturing. the official number has more of the state owned enterprises. is the reflation going on now? >> i don't think the reflation is still going on there. the decline is because of commodity prices. rishaad: deleveraging as well, perhaps weighing into all of this. >> i don't think china is deleveraging there are economy. they cannot afford to do it. deleveraging in the financial markets, you can see it in particular in the bond market, and that tells us the pboc does not have to tighten monetary conditions any further. we will probably see lower interest rates, which means do

postponed until at least october. haidi: tesla is said to be close to making cars in china. that means it could avoid actually import taxes. property making headlines. hong kong's financial sector saying the system is sound, but moody is the problems in australia. -- seeing problems in australia. let's get to business. we will know in 24 hours when we are sitting at our desks about whether china's a shares are being included in the msci global indices. some people are taking bets that this is already happening. a series -- let's look at chart 31. this is a u.s. exchange traded fund invested in mainland chinese stocks. it is swelling before that decision. we had been denied three times here. etf has grown to around $138 million. it was $20 million in late february. people are positioning themselves. haidi: that's right. it is in a cyclical way. could that be informing when the msci has made all these concessions?looks like it might be given the green light . some of the etf's already track chinese a shares. throughout the next couple hours, raising the question of is it still relevant, giv

say hacking agreement canada and china shake hands are not hacking each other stand by the us starts right now. a weaker dollar pushed oil prices up for a fourth consecutive session today it surged nearly two percent but oversupply kept those gains the organization of petroleum exporting countries and its partners have tried to reduce global crude glut with production cuts opec nations and the love and other export agreed in may to extend cuts of one point eight million barrels per day until march two thousand and eighteen russia is set to host an opec meeting next month when further cuts to production could be agreed upon but opec members nigeria and libya are exempt from the cuts and have pushed production on top of this u.s. production has risen about ten percent six since two thousand and sixteen it's now hit nine point four million barrels per day and u.s. oil rigs in operation have hit a three year high with u.s. exports of oil and natural gas surging president donald trump says the u.s. is set to dominate as export of oil gas and coal today u.s. west texas intermediate

international consensus that the current situation cannot continue. china's declared policy of a denuclearize peninsula is our policy as well. also that of japan and the republic of korea. all nations share an interest in restoring stability. the trump administration is encouraged by china's renewed commitment to work with the international community toward denuclearization. ultimately china will come to recognize north korea as a strategic liability, not an asset. a liability citing increased incitingy, and peaceloving nations to increase defense spending. as china's president xi said in april, only if all sides live up can the issues be resolved as quickly as possible. i agree with the president's words. those words must be followed by actions. north korea poses a threat. it is imperative that we do our part to fulfill our obligations and work together to support our shared goal of denuclearization of the korean peninsula. we are coordinating with the united nations and our partners to put new pressures on north korea to abandon their path. i reiterate secretary tillerson's sta

china's buying interest. the other data point is this check of the australian economy, first quarter gdp numbers at the bottom of this hour. take a look at this chart, # 6371, 26 years without a recession, and a lot of this and that white lined there is on the back of this commodities boom. or so, weast year have come off that rally in iron ore prices, still in that bear market with prices continuing to slip. also questions on sustainability of demand out of china and domestic consumption as well, 60% of economic growth, and that has been lagging on top of this red-hot property market tapping households ability to spend and earned with wage growth at record lows as well. away from thetes open in china and hong kong. let's get over to sophie. a quiet start, but investors have a lot to contend with this thursday. sophie: defensive decisions being taken ahead of that trifecta on thursday, the ecb, james comey's hearing as well. , aticularly asian markets down day and currencies taking a hit. the yen and gold higher. taking a look at what is moving asx 200 continuing to fall after tuesday's

tolerated for too long. china's biggest coal miner and one of its top power generators talking about a $267r the could be worth billion. rishaad: noble facing another difficult day after its new york listed shares tumbled, it singapore listed stock at a 17 year low. indeed, noble sure starting trading again, but let's start off with the big stories of the day. sterling, the at election in the u.k. taking place on thursday. what we have been seeing is that these terrorist attacks have not had that much impact when it comes to the polls, and indeed by influence, what is going on with sterling. sterling has been beholding to the polls in a different sense. show how as the labour party has been doing better in recent weeks, recent days even, we have seen of oars weakness for sterling. true when we had of course the pound weekend for the tories, so an inverse relationship if you will. it seems these terrorist attacks do not have a huge political implication running into that thursday poll. side: i suppose the other you could look at in terms of risk appetite, you are getting ing dynamic wit

. -- se premier leagues china's premier meet europe on trade, migration and climate change. and it's u.s. jobs day. could a lower unemployment rate upstage the pace of hiring? welcoming it's daybreak europe. he spoke in the rose garden. it's official, the u.s. is set to pull out of the paris climate agreement. let's go to s -- the bottom of the screen. china, the world's number one polluter. china outpacing the united states of america by 40%. flip it over and you begin to understand the ramifications of the united states pulling out of climate change. that eachount of co-2 u.s. individual emits in a year. 17 million tons versus one's chinese counterpart at 6.65 million tons. the decries have come hard, fast and wide. the head of goldman sachs managed to put out his first tweet. we'll talk more about the global reaction, the economic and the -- and does it matter to market? that's the question we discuss. global equities are rocking it out. hey're at 10%. manufacturing gauge in the united states of america three-year high. topix ripsghest, the getp, need a little more to the dollar h

. we will get response from trita parsi. then china is refusing to release three activists who were arrested while they were investigating labor conditions at a factory manufacturing ivanka trump brand shoes. the men worked for china labor watch, which says the supplier forced workers into excessive overtime, verbally abused them and paid wages below china's legal minimum. we will get the latest. president trump kicks off his infrastructure week by announcing plans to privatize air traffic control. pres. trump: i am proposing new principles to congress for air-traffic control reform, making flights quicker, safer, and more reliable. crucially, these reforms are supported by air traffic controllers themselves. amy: we will speak with the consumer advocate group flyers' rights, which says trump's proposal amounts to giving the airlines control over a core public access for free and would allow them to extract new fees and increased taxes from passengers. then we look at the opioid epidemic and the new crarackdown by the t trump administration. >> for americans under the age ofof 50, d

iraq. america's secretary of state insists china has a responsibility to try to force north korea to scrap its nuclear weapons. i'm babita sharma in london. also in the programme: this is the scene live in iowa where president trump is looking to kickstart his agenda after victory for the republicans. and the hug that wasn't. senator marco rubio misses the mark when he tries to embrace ivanka trump. the iraqi military is reporting that so called islamic state have blown up one of the most famous landmarks in the city of mosul. the announcement came from iraqi forces who were very close to the mosque as they pushed ahead with their offensive to retake the is stronghold. an image of the past. the al—nuri mosque in most all which had stood nearly eight centuries with its famous minarets. from above, drone footage shows it's now flattened one of them old city's most famous historical sites, a shadow of its former self. u.s.—led coalition forces claim: however, is claims us aircraft destroyed the mosque. but, no matter who is telling the truth, this is a hugely symbolic moment. the

some of the covers of the china, global television network. >> you just heard donald trump make the announcement that the united states will leave the paris climate accord. we have nathan, trump has some pretty critical comments about the deal, saying it was unfair for the united states, but he also had something to say about china. >> where do we start? what a speech. it is an america first speech, the strongest we have seen from president trump so far. i think it was encapsulated in one line, "i was elected reps who -- to represent the citizens of pittsburgh, not paris." china could continue increasing its admissions for another 13 years while the u.s. has to bring down its emissions. basically saying the same about india, that they could build hundreds of coal-fired power plants over the life of the agreement while the u.s. has this position. essentially, he called it a bad deal. he also laid into the green climate fund. this mechanism was settled before the paris climate agreement, but it was a central part of it. developed countries would pay into a fund to offset the cost of m

coming for china, a lot of questions. betty: given we were not the ones flags prominently, the stock connect china put in place. that being a key reason why they decided to include these shares. yvonne: they mentioned it was a bringingger, overall, a boost to the hong kong and shanghai markets today. markets a after oil slumping into the bear market, from the highs we saw in february. let's see how new zealand is performing this morning, continuing this negative tone. stocks down 0.2%. still a slightly higher dollar story, the kiwi at .7243 against the dollar. energy stocks in australia, those are the ones to watch. under pressure today with wti. tumbling to the lowest level in nine months overnight. the market getting fatigued on these opec-led cut. futures heading lower in sydney. nikkei futures ending 0.8% up. futures down 35%, according to chicago nikkei futures. dollar-yen, 110.35. we expecting boj minutes from speaking in kuroda tokyo this afternoon. outside of china it seems pretty risk off. very much so, those oil prices are a big factor in the u.s. markets. let's pull

nationalistic anger chosen from donald trump. china will be issuing a joint statement talking about their commitment to the paris deal and their intention to work together you shouldn't shy away from the reality of climate change. more specifically you can't specifically push aside this reality as you can leaders. a reference to what happened here in europe last week. >> the president suggesting that the u.s. will try to renegotiate or negotiate a new deal. they're saying that's not in the cards. >> with the u.s. pulling out of the paris climate accord, rivals are stepping up and earning praise. if america steps off the world stage the chinese are in a prime position to fill that vacuum. certainly in terms of propaganda and public relations it will be a wonderful moment for china to step up and say we'll be a leader in the world and we'll continue to step forward with all the money we have spent on climate change. >> it's also a very easy sell to their domestic population because the fact is those of us that live here have to deal with some of the worst air pollution in the world. w

♪ it is 7:00 a.m. in hong kong as they prepare for the 20th anniversary of the hand over to china. it is a very different city from 1997. still, a major financial hub. questions are being asked about its politics and the divide. we are live at the maritime museum in the heart of hong kong to read of the city, as our backdrop of this morning. close to the convention center, where the official ceremony took laced on july 1, two decades ago. we welcome you to this special edition of "daybreak asia." and betty, on the road. betty: indeed, on the road. exciting, it is. you have a big lineup of guests, we are looking forward to in the next couple hours. i am betty liu here in new york, where it is just about 7:00 p.m. vixtility is back, the surging the most since brexit. the dow set to extend it to asia. carney has a warning on warming. he says investors are ignoring the potential costs of climate change. tell us about some of the guests we have? of course, this is a huge anniversary, 20 years and a lot of questions i know you will be posing to guess over the next several days, where is

this is business live from bbc news with rachel home and ben bland. china's premier hails the opportunties of economic globalisation but warns against the dangers of unfair growth leaving some behind. live from london, that's our top story on tuesday the 27th ofjune. china's premier says the country will meet its full—year target. we will take a look at how things may look on wall street later. and the challenge of keeping your kids entertained — we will talk to a businesswoman who has crowd funded effo rts businesswoman who has crowd funded efforts to make a backpack with wi—fi and gps. hole in the wall, cashpoint or atm — whatever you call it, it is celebrating its 50th birthday. our eights days numbered? —— butare birthday. our eights days numbered? —— but are its days numbered? a very warm welcome to business life. if china's premier warned the world economic forum that fairness is essential or else people will feel left behind. after the usa, china is the world's second largest economy, with a value of the $11 trillion. it accounts for almost 15% of what t

tweets saying i was hopeful china could help us out here, and they tries. but they can't. if china can't influence north korea and we are still trying to, what do we need to do? >> the north koreans are continuing their steady march toward developing nuclear weapons and intercontinental police particular missiles. the administration went into his with their eyes wide open. they were hoping the chinese would come up with something. but hope is not a method. the policy is probably shifting. but here is what i think they are doing. they will apply maximum pressure on north korea. any ally of us doing business with north korea. our treasury department is probably contacting them telling them to knock it off. >> what is maximum pressure? >> sanctions. every business entity that north korea is involved in will be contacted by the united states except those in china. those in china we are going to have to move on china and begin to sanction the banks and finance companies that work and support north korea. no one from the youth has ever sanctioned china. but that's the road we are on. you

our shores. and it comes the same week president trump says china's efforts to rein in its neighbor have not worked out and the sad news that the american college student released after 17 months in a north korean prison passed away. so, is it time we take more drastic action to stop north korea's aggressive behavior? hi, everyone, i'm eric bolling. our cashin' in crew, gina, david mercer, welcome, everybody. check this out. the workout post accusing me of war mongering for saying maybe the u.s. should consider a preemptive strike on north korea. gina, the point is and was wouldn't be taking out their missile sites before they lunch to the u.s. help america. >> come on, eric, stop drawing common sense. we should draw artificial lines, that would em boldened our enemies and the horrible human tragedies like occur in north korea. this week, we watched the very, very upsetting death of otto warmbier and he is the tip of the iceberg in terms of what happens in north korea on a daily basis. so if americans want to talk about being humanitarians, this is the place to state. eric: lisa, ov

has warned the china that its regional neighbors will not be pushed around. speaking at the shangri-la summit in singapore, he said smaller nations could band together. >> a course of finer would find its neighbors resenting demands to seed autonomy and strategic space and look to counterweight beijing's power by bolstering alliances and partnerships between themselves and especially with united states. the world bank has maintained its outlook for the global economy, forecasting a modest despite monetary policy and rising protectionism. it sees expansion of 2.7% this year, rising to 2.9% next year. confidencecking up, is improving, and financing conditions remain benign. inna's biggest coal miner talks about a merger. the negotiations are at an early stage and may not proceed. the hong kong listed units of the state own company said they will be noted of significant matters while subsidiaries have requested a trading halt. foxconn chairman says apple and amazon are supporting his pursuit of toshiba's flash chip memory unit. the two have offered financial .upport for the bid the foxcon

, and complex and unpredictable development in the east china sea and south china sea. p.m. xuan phuc: [speaking vietnamese] these are challenges beyond the ability of a single power to address nor can they be had with selfish national interest in mind. p.m. xuan phuc: [speaking vietnamese] translator: these challenges come hell nations to form collaborative mechanisms that are based on international law and designed in a way that into is a balance of interests and parties and helps shape and open regional architecture involving all nations, big and small, in and outside of the region and abiding by the principles of peace, stability company quality, and cooperation in line with the shared goals of disparity and development in this region. p.m. xuan phuc: [speaking vietnamese] translator: indeed, asia-pacific is growing to become the new center of power, crucial in the formation of a new world order. as senator john mccain put it when he spoke at the heritage foundation, the unit states recognize that much of the history of the 21st century will be written in the asian-pacific re

china and the chinese president delivered brief remarks at hong kong international airport. here's coverage courtesy of china global television network. [applause] >> president xi jinping and his wife. [applause] ♪ arriving in hong kong for his first-ever visit. [applause] he is welcomed by the people of hong kong. the chief executive elect. .. the chinese president will address them in the coming days. you see the flags of hong kong as they are and chinese national flags. they have similarities. one is decorated by the five golden stars on the other is the white bohemia smaller. the airport is engulfed with these flags and chinese culture and our hong kong gas, they were mentioning the importance of educating the next generation about his identity and the principle of the one country to system policy. it's very important to educate them, many of the young kids standing at the airport, welcoming the chinese president were born after 1997, after the handover. for them, how to understand the connection between the mainland and hong kong, what would you suggest. >> first of all, i t

. we are 30 minutes away from now been in china and hong kong. we are getting kind of the sense that value trading could be emerging in asia following what we see in the u.s.. some of these sectors that have drive so far this year picking up nice gains. sophie: we seem to be having a shift of attention as the tech is shaken off. you can see when it comes to asian markets. we have other sectors leading the story other than the tech rep. as korea's finance minister flag economic difficulties, that is not derailing the rise in consumer stocks insult. -- in seoul. up 2/10ook at taipei, of a percent. stocks in japan easing the drop. the nikkei 225 just around the 19,900 level. the yenctuations as holds gains below 110 a dollar. aussie investors seemingly refreshed after the break. climbing for a third day. the aussie dollar, that is sticking to a tight rage above 75 u.s. cents, despite the drop in iron or and other base metals. we do have chinese economic data due this week that could help underpin the aussie as well. ahead of the fed policy decision , we have the korean won following --

people unfairly towards its own shopping service. the south china morning post looks at the online debate in china about whether the country should open its borders to help middle eastern refugees. china's foreign minister has weighed in, saying a political solution for syria needs to be found. muslims around the world are celebrating the festival of eid al—fitr, marking the end of the holy month of ramadan. the arab news here showing thousands of people praying at the prophet's mosque in the saudi city madinah. and "the water in majorca looks scarier than it oughta". a fun headline in the sun — a not so fun encounter for holiday makers on the spanish island, who had to flee from an eight foot blue shark. it isa it is a shame we cannot show you the picture. there it is in the corner. do you see that? the camera is moving. graphics breaking down. there we go. can you see it? 8—foot, it will be harpooned in the head, i would think. we will talk about that ina would think. we will talk about that in a moment. with us is michaela bergman, chief counsellor for social issues at the

take the money or stick with one of their biggest customers, improving verification in china as well. a lot for them. betty: a big day for crown resorts as well, the trial of 19 staff members, gambling related offenses. that starts today. are we expecting fireworks? paul: the whole thing has been opaque, and the fireworks would be inside the courtroom because the chore -- the trial is closed. what is at stake is the 19 crown employees, markets the gambling services. cross that line, you could be in serious trouble in china. we may have a verdict later today. crown has been doing what it can to find high-profile lawyers. this is one of the best in china. pharmaceutical companies several years ago. it will be an interesting day for crown. betty: very interesting, and certainly the next step in the ongoing saga. we have a lot more ahead on daybreak australia, president trump meeting with narendra modi. and these of topping the agenda. what will come out. oil fell for a fifth week, but is there an upside for opec? this is bloomberg. ♪ ♪ betty: good morning, i am betty lou in new

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ahead to this evening's rate decision. growth raises its estimate for china for the second time this year, but says deep reforms are still needed. a london fire chief confirms a number of fatalities. we have the latest. good morning. this is "bloomberg surveillance ." i'm francine lacqua in london. we have a packed show. , we talk infrastructure spending. are joinede show, we by mark mobius, starting at 9:30 u.k. time. we do have a little at a breaking news on oil. the iea just released the reports. the goal is to outstrip demand gain for 2018, this is interesting because it follows those cuts from a number of opec producers, including saudi arabia. the ieaclear whether expects demand globally to be a little stronger than we were expecting. this is the impact on crude oil after the breaking headlines came in two minutes ago, up 45 .87, down 1.2%. it is fed, so i want to look at the dollar. the dollar is weakening for a third day. u.s. treasuries are edging up. european stock markets are opening up a little bit higher following a mixed day in asia. if you look at the generic two year

now you do right that the best -- rests as long as it has with china which may or may not have enough economic leverage to influence kim's policymaking which he may not want to do so since having a family neighbor making trouble for washington and seoul for beijing's interests. talk to us about the diplomatic situation as it relates to north korea. the united states has tried to work with china to apply pressure on north korea for decades. he renounce policy of the nine states was to prevent north korea from developing and does developing a nuclear weapon. -- developing a nuclear weapon. pursuing a policy which he calls strategic patience. president trump after announcing he was not going to allow any further progress by north korea had dinner with the premier of china. then announced that he had been schooled over dinner by the chinese premier about how difficult an issue this was most was.tly, china -- this most recently, china had been making an effort to try and convince north korea to back down. the news reports are that has not been successful. host: we are talking with m