often not steal, not gas, but information. an example was a chinese company last year that wanted to buy money gram, which is this money transfer company in the united states. not unlike western union. normally, you would not think that has a security implication. but you provide tons of personal information, bank accounts, work history, money gram is also on virtually every military base in the united states because soldiers use it with information to send money home. there was a real concern. maybe we don't want china to on that company because then they also own -- again, not what you would consider national security information, but information, products, services that could be used potentially against the united states. host: in your story, you quote robert kittinger. any chinese related company that is part of our supply chain is a concern to me. cory: i would say he is on the more extreme end of raising concerns. i wouldn't say that everyone would agree with that sentiment. certainly, there are supply-chain concerns and the concerns that it raises our economic. they are military.

interpreter they work for the chinese football association and often attend super league matches china's top tier league. letterman advises the league and the national team china wants to rack up more successes the sooner the better. leadership here is very centrally controlled and that's true for football as well as. their own areas including in the economy where the chinese government allows a great deal of latitude i'm freedom that's also something football takes full advantage of. i think the past two years have seen an influx of top level coaches from around the world former virally vick was in coach while there schmidt is now head coach of beijing sue noble one. of the club is famous for its fans the stadium is usually packed i. i . no cheers can be heard from the first row though in a chinese stadium that belongs to the military. chef and lot a man has left his mark on the chinese association journalists and club officials also value his advice his ideas have already improved the training of football coaches but clubs here are still rely on importing top international coaches yagi

point, canada, trying to do with the impact of chinese , givenn other suppliers the tariffs if they come into effect. kathleen: that's what economists fear, something that goes from tit-for-tat to a full-blown war. we can run through the numbers, the dow gained about .10, the point, or back about the 50 day moving average thetech so hard hit in nasdaq, bouncing back about .4%. haidi: setting appeared asia for little bit more optimism. it's not hard, given the malays we've had over the past few days. asian stocks and emerging near one yearg lows. trading in new zealand is just getting underway. rv and have the decision, seeing a little bit of negativity going into a pretty big week for risk in new zealand. futures looking a little bit like the lacquered across the region as well, .3% lower. watch for energy, we could see a rebound of the energy trade and the spike in crude prices overnight. the aussie dollar falling below 74 -- $.74 u.s.. chinese markets will continue to be the bellwether for sentiment across the region. the shanghai composite down 20% just five months, $1.8 trillion

chinese state." liz besides being the author this under the books is the senior fellow here at the council and she also directs the asian studies program. and what she and i going to do for a few minutes is talk about this book, and then were going to open it up to you all to ask any questions you might like. but you've already set an important precedent at the council. i think it might be the first time we've matched the third to the subject matter of the book. [laughing] >> that's the most important thing i've accomplished. >> i'm not quite sure how we extend that in other situations, but we'll think about that. okay, so this is the third revolution, so help us understand a few things. let's begin with revolutions 1.0 and 2.0. place this in the river, so to speak, of chinese history. >> let me just start by showing something i learned on my last trip to china about five or six weeks ago. i was there as part of a cfr delegation to try to find areas of common purpose, common ground with a group of chinese scholars and officials. the talks were not particularly fruitful, but i did f

also involve often not steel, not gas, but information. an example was a chinese company last year wanted to buy money gram, which is this money transfer company in the united states. you know, not unlike western union. normally you wouldn't think that would have a national security implication. you know, why does that matter? if you're an american who uses money gram you provide tons of personal information -- bank accounts, work history, money gram is also on virtually every military base in the united states. soldiers use it, information to send money home. so there was a real concern there that, ok. maybe we don't want china to own that company because then they high school own, again, that way you would normally consider national security information but information products, services, that could be used potentially against the united states. peter: and in your story you quote representative robert pittinger, republican of north carolina. any chinese related company that is part of our supply hain is a concern to me. bryan: he is i would say probably on the more extreme end of

reaction from the chinese. the first year and a half of the trump administration they tried to pretend dr. navarro did not exist. that has changed. since this report came out and also since the wall street journal has written so much about him and the president has praised him, the chinese now have a totally different approach, that dr. navarro exists, but he should be struggled against and this report has gone unacknowledged, unreported in the chinese media. this to me is a home run for dr. navarro and the report. it means that what he's describing in this report is so sensitive and accurate that the chinese media doesn't have a response yet. in my personal view, this report suggests one of the steps to avoid a trade war and to return to the idea of cooperation with china is that china somehow has to deal with the hard evidence dr. navarro puts in this report. he very carefully cites other u. s. government documents. he cites a defense department study that came out in january of this year and goes over many techniques of concern to the defense department and china's industrial power. he

preparing new curbs on chinese investments. the turkish president scores a new term with near absolute power and the lira jumps. we are live in his temple today. and bloomberg has learned that some hedge funds used private polling data on the day of the eu referendum. we have more on this exclusive story this hour. ♪ anna: good morning. have 6:00 in london, we global news around trade, but we are focusing on trade in turkey, it is moving markets and the lira. we have on the ground coverage of the presidential election, yousef is there with us. we had a long, sleepless night here in his temple and around turkey as a results trickled in. the president able to cement another term in power with additional rights as well. the parliamentary front was not as much to yield the shift in power because the party will be able to stay in control to get of a coalition. 99% of the ballots have been counted according to government agents. a lot of the key voices in turkey and beyond here, it is speared some gains. stocks and bonds have yet to price in this scenario. we will have to see what

confrontational tone on curbing chinese investment. and iran, oil jumps on reports that the president is .sking allies to increase oil support can a run in saudi arabia -- can saudi arabia help with the shortfall? ♪ anna: good morning, everybody. it is just 6:00 you're in london, this is "bloomberg daybreak: europe." manus cranny is in dubai, and menace the equity session is a bit lackluster. another day of learning about trade tensions, no doubt. perhaps the comments from trump have taken the edge of how negative the people expect the news on friday will be taken with regards to investment into technology in the united dates. oil stocks are getting a boost, and this is really a big focus. the yuan slipping for the first time since september to this rate. there have been questions about whether the chinese are manipulative and their currency. a lot of people have been saying .hat no, that this is justified we will get some analysis on that shortly. wti, the price of oil has gone up, and people in your port of the world know very well that the u.s. is pressing allies to pus

reasons for why this is happening with us. today she is the chinese outreach coordinator for the weaker human rights project and joining us via skype is ryan a professor of history at loyola university in new orleans he is the author of the book the secret. history welcome to the stream both of you i want to start with a personal story we got a couple of them on twitter and of course we're not able to independently verify all of the facts and people are sharing them and they're resonating so should the mining size i haven't been able to talk to my family for almost two years now when there is quick contact they asked me to use chinese rather than week there i just got to know that my dad was taken to one of the camps three months ago and he had heart and leg surgeries just not long before that he continues that my dad is a law abiding citizen and the only reason i can make sense of his detention is that he travel to dubai and turkey even by saying this i'm already risking further arrests of my other family members. what do we know about the camps who gets put into the camp. catio

for that update on the acquisition of amazon on. and has gone from being a chinese strategy on how to become an economic superpower to a political hot potato. made in china 2025 was supposed to help the country develop cutting—edge industries and businesses that its trade tensions with the us continue, beijing is now publicly downplaying the initiative. 0ur correspondence explains. right now, made in china means cheap and fast. if you want quality, you go somewhere else. chinese goods are also seem to be copies of what is already on the market. now china wa nts to already on the market. now china wants to change that. and so it has come up with a plan. made in china 2025. it is a plan that the chinese government came up 2025. it is a plan that the chinese government came up with in 2015. it is essentially a roadmap for china to use it in a strength, making things, to help china become great and the future. to achieve that, china needs to up read what it manufactures. the year 2025 is just the first step to it by 2025, china wa nts to the first step to it by 2025, china wants to r

of chinese products — despite warnings from the imf. plus mars raises the bar in china: the boss says the market looks sweet despite trade tensions — especially for a spicy version of snickers. and on the markets the dollar soars and the euro slumps as the ecb signals its own interest rate rises are a long way off. us shares end lower because of ongoing trade tensions and the nasdaq hits a new record. we start in the us where president trump has made up his mind to impose significant new tariffs on chinese goods — according to reports. he has vowed to strike back against chinese theft of us intellectual property and redress the large trade imbalance between the two sides. the white house is due to publish a revised list later today. mr trump has already warned he would slap import taxes on $50 billion worth of chinese goods a year. an initial list featured around 1300 product categories, including items used in the industrial, transport and medical sectors. there are reports the final list could be shorter but more focused on high—tech. after meetings between us and chinese

legion post 384. it was formed in 1931 as an exclusively chinese-american veterans post due to the climate of discrimination at the time. chinese-american veterans were not welcome to join the post that were in existence at that time. with that as a history, we s the recognition of those that served in world war ii, and i'm talking about the chinese american veterans that served, they should be recognized and there's an item on your agenda, item 17, that would encourage our congressional leaders to pass a congressional bill that will award the world war ii chinese american veterans a gold l. about 18 months ago, members in introduced a resolution, which has gun -- gone all the way up to the american legion at the national level. at the national level, the american legion has voted in support of such d. i'm here to urge you to approve the resolution before you on item 17 because it's supported by veterans, especially veterans of chinese-american descent. those that served in world war ii, served while being discriminated against, therefore, your support is appreciated and please rem

amount of chinese americans who lived and worked in san francisco. >> absolutely. >> what influence did they have on the history, culture of san francisco from the prism of your research and also on these two expos? >> sure, chinese population of san francisco was and continues to be a really important force in the city, and during both fairs, chinese and japanese were excluded from immigrating to the united states because the chinese exclusion law was passed in the 1880s and japanese exclusion was codified through a gentleman's agreement and by 1924, immigration law, it stopped immigration from asia completely. so both nations were not able to send new immigrants, new workers, immigrants to the fair, yet they were thriving communities in san francisco and the chinese community in particular participated in both fairs, in the first fair, one of the attractions on the zone that i mentioned earlier, that midway area was called underground chinatown. it was part of a chinese village and it was a re-creation of what chinatown looked like before the earthquake and it included every negative

to china last week to try to get reactions from the chinese. , they, for the first year and a at half half of the trump administration they tried to pretend dr. navarro did not exist. that has changed. since this report came out, and also since the "wall street journal" has written so much about him, and the president has praised him, the chinese have now a totally different approach that dr. navarro exists, but he hould be struggled against and this report has gone unacknowledged, unreported in the chinese media. this to me is a home run for dr. navarro and the report. it means that what he's describing in this report is so sensitive and accurate that the chinese media doesn't have a response yet. and in my personal view, this report suggests one of the steps to avoid a trade war and to return to the idea of cooperation with china is that china somehow has to deal with the hard evidence dr. navarro puts in this report. now, he very carefully sites other -- cites other u.s. government documents. he cites the defense department study that came now the january of this year, and he

scale, deploying hundreds of thousands of chinese army professionals. academia, since 25% of u.s. stem graduate students are chinese foreign nationals. china's use of open source information, cataloging foreign innovation on a large scale. chinese-based technology transfer organizations, u.s.-based associations sponsored by the chinese government to recruit talent and technical expertise on how to do deals learned from u.s. firms. that report noted that the cost of stolen intellectual property has been estimated at $300 billion a year. most alarming, diux has found, again i'll quote, "the u.s. does not have a comprehensive policy or the tools to address this massive technology transfer to china, and the u.s. government does not have a holistic view of how fast this technology transfer is occurring, the level of chinese investment in u.s. technology or what technologies we should be protecting." that's the end of the quote. now, i understand that the diux report is one report, but based on what this committee has learned and heard about over the course of this year, those conclusions so

contribus ofur immigrant co iu ka's bill made permanent the chinese exclusion act. he further targeted other asian communities by advocating for legislation to also exclude filipinos, japanese and ameran indians from e the united states. todd's motion at this hearing to remove joule cuss kahn's name and rename the playground is very symbolic, especially during this month where we have been celebrating and recognizing the richl and long history of asian american's contributions to our city and to our country. today, will you please send a powerful message to our fellow san franciscans that san francisco will continue to be a city that values diversity, inclusion, and tolerance? that we will note raci m, bigotry and ion?us i want to say that my father actually was a paper son, meaning that there was a period where many chinese population i am -- immigrants were coming in under somebody's name mainy because of the exclusion act. and i'm saying th iscause rember - even when my grandfather was already here, so it was kind of ridiculous that he had to come in as a paper son. but i didn't kno

. there will be a second round. the chinese that they will attract exactly in kind. the president is missing to then escalate further. i think we could be at the opening of a real escalating trade conflict between the u.s. and china. i hesitate to use the term trade war, but i think we are actually in one right now. emily: would you agree and how rough is the right going to be? >> i would agree. in addition to what is artie been said, the u.s. trade representative talked about the next steps placed on china and the united states. their been talk on these restrictions. it will get worse before it gets better, surely. emily: if it gets worse before it gets better, what is next? how does it play out? edward: the trump administration does unexpected things. so in related conflict, trump announced investigation into auto imports. with china we don't know exactly. this president has said if china response than u.s. will come up with an addition hundred billion dollars worth of products. we haven't seen that list yet. there could to be other measures. investment restrictions that are coming

the rejuvenation of the chinese nation. which means the restoration of china to its historical status as one of the most powerful, wealthy, and advanced nations in the world. if not the most powerful, wealthy, and advanced nation in the world. in 1949,ing over china had a couple of what we could politely call false starts. since the late 1970's, china has sustained growth on a scale that is unprecedented in human history. result of that is china's economy is now the second largest in the world, at least. by some measures larger than the united states. the top leader was able to declare that china has entered a new. development, and it is ready to move centerstage in world affairs. but the rejuvenation of the chinese nation involves more than just having a big economy. for china to recover its past glory, it must also become a technological and cultural leader in the world. and it must be the dominant political actor in the region. and there is some unfinished business. one of the consequences of d of weakness that began in the 19 century was the loss of control over much of chi

using a committee that scrutinizes foreign acquisitions of uo limit chinese investments across sensitive technology. his remarks align him with stephen mnuchin as the administration debates its approach to protecting u.s. intellectual property. pres. trump: we have the greatest technology in the world. people steal it. but we have a great scientists and we have to protect that. we are going to protect it. that's what we were doing. we have a lot of things we can do it through. haidi: let's get over to our senior international editor, jodi schneider, for more. this is less aggressive than using this rarely evoke economic emergency law. why the potential change in strategy we are maybe seeing? >> a less confrontational approach the at ministries and appears to be taking on curbing investment in u.s. companies, particularly from the chinese, looks to be driven by maet reaction. the treasury secretary came out and made it very clear they were considering less confrontational approaches. now the president himself has done that as well. it looks like this is partly a way to try to ca

chinese goods coming into the u.s. first targeting dish washers and aircraft parts. after china said it would retaliate trump targeted $200 billion more. the resting policy would touch the majority of goods coming into the u.s. from china which totalled 500 billion dollars last year. by comparison the u.s. sent billion in goods to china. that is why the proponent of the crategy sayshina has more to lose. >> that's what you would d if you were crazy and really wanted to end free trade. w thatt you would do if it was a negotiating positio and you want to remind your negotiatingty counter par of just how much fire power you have. >> investors worry china could move beyond the tit for tat for tariffs and limus u.s.ess there or stop buying treasury. >> investors are keeping an eye on this but this for your protection is very, very dangerous. >> reporter: one key pawn in the battle is chinese phone maker zte banned from buying u.s. parts. trump wants to revive it to extract concessions from china. lawmakers moved to prd g rails around trump's ability to it is still ay national security threat

over to china. a chinese delegation came back here. navarro was largely left out of the talks. wilbur ross went over to china to secure deals. that is what navarro cited as no proggas. whether he was asked if there were future talks down the line, our phone is always open, but he added, neil, talk is cheap. neil. neil: indeed it is, and it is inconsistent. thank you very much, my friend. there is danger interpreting market moves by the minute. nothing substantially changed here. you might get a sense from peter navarro, conservative, some say the spartan trade warmonger in the white house, that is up to interpretation that he is sounding conciliatory in those remarks. he is just saying they will maintain their resolve. so far no one is budging on the other side, china. all are prepared, response tit-for-tat. the administration as you know is already lined up about $200 billion in additional tariffs on additional chinese goods if the chinese do that. there is no indication that the chinese are not. we're monitoring this very closely with the dow down close to 300 points. nicole petalli

decimated. and mercenary pilots as far back as 1937 helping the chinese fight back against the chinese. the eagle squadron definitely not unheard of. the narrative picks up with the commander of the flying tigers. and the commanders in the army and society is going to leave and a famous stunt pilot, says his service is better used in china. and the back woods of louisiana, and takes up this invitation to china, and the book starts with that context. the protagonists, a handful of americans, mercenaries in the middle of it. >> no us government. >> soldiers of fortune. and the area where and adventuring airmen, part of the american military, the roosevelt administration is concerned, took efforts to clamp down on passports that in foreign wars, a big international incident in 1938, one of these pilots, he and his wife were in china, going through japan and they get arrested and the japanese government, this becomes the kind of thing that can start a war. and that context, america is at peace and participating in foreign wars and certainly aspects of that resonate today. >> there is no us

roundtable and the u.s. chamber of commerce raised red flags over the impact of chinese retaliation and the prospect of further escalations the business roundtable a group of corporate c.e.o.'s posted a statement opposing president trump's recent imposition of tariffs on fifty billion dollars of chinese imports to the u.s. walks pressing sympathy for some of president trump's complaints about china's trade policies perhaps the round table opposed what they called quote the administration's misguided focus on temporarily reducing america's trade deficit with china through goods purchased the trumpet ministration previously attempted to float a package of supposedly chinese promises to buy more from the u.s. as they gain from that confrontation only to see if chinese the chinese deny such commitments the chamber of commerce president tom donahue toady similar line saying this is not the right approach and in that regard we now move to a trade war and today we focus on china as we were just discussing and the united states to help us out we're joined by our team is correspondent alex my hy

u.s. sales. u.s. treasury secretaries even the nugent denies washington is targeting chinese firms after reports of a crackdown on foreign acquisitions of american take a neutral insists investment restrictions will be imposed on all countries accused of trying to steal u.s. technology of washington remains concerned about chinese investments in sectors like artificial intelligence immobility and robotics. it's because on this aspect of the trade dispute with the analyst and rita now the first of all how reliant on rita is the u.s. takes on chinese investment b. does it really need china i mean we're talking about silicon valley here. well chinese investment in the last year into the u.s. in the tech sector has gone down and the concerns that president trump has been expressing about these the so-called industrially significant technology is not only economic it's political so it's about the place of the u.s. in the world again because it's quite so significant because china is getting ahead now is it getting ahead of a lot of countries as far as tech goes as far as ai goes are man

escalates. the us threatens a further 10% tariff on $200 billion worth of chinese goods. nose dive — another low—cost carrier's set to announce a spiralling loss. we take a look at the challenges facing the aviation sector. and the markets in asia are headed in one direction thanks to the latest trade threats firing between the us and china. let's bring you more on the trade story dominating. president trump has just threatened to impose an additional 10% tariff on $200 billion of chinese goods in the latest turn of events in the us—china trade dispute. the move could be a major escalation of the row which threatens to take the us and china into a trade war. paul blake reports from new york. this announcement is the latest twist in what is becoming a tit—for—tat trade dispute between the world's two largest economies which could spiral into a trade war. last week the trump administration slapped 25% tariffs on up to $50 billion worth of chinese goods are prompting ageing to threaten retaliation. donald trump says he will impose a 10% levy on $200 billion worth of chinese

could get close to equilibrium for that trade. if we know one thing, the chinese currency, either way you have a tendency to get burned. rishaad: the oil market on a tear, up to levels we have not seen since 2014. part of this is down to donald trump suggesting his allies should not be buying iranian crude, and poor inventory numbers as well. there we go. let's look at the bigger picture. here we go, sophie. >> a column of red when it comes to equities. asian stocks at an october 27 low. the mood in jakarta, down 13% year to date. we are keeping an eye ahead of the rate decision this thursday. i want to highlight korean shares. you are seeing pressure, down .6% on the kospi with the currency at an eight month low. this as the currency minister talked about forex moves. shares are sliding on trade concerns and the yen picking up speed. flat for atocks fourth day on the csi 300. morgan stanley cut china to equal weight from overweight. , whilela, sliding 1.2% the peso is testing support. switching it out to check in on bonds, yields continue to spike in the philippines, the five-year no

billion of chinese goods. chinese equity at their lowest level since 2016. lost liquidity, recalibrating a world run by fed hawks and doves from the ecb and boj. and new pain, no gain, em equities sink, yields rise. is this time really different? david: welcome to "bloomberg daybreak." i'm david west and with alix steel. it is the world cup. this is himin, speaking at the opening of the world cup. saudi arabia versus russia. look at the hand gestures. russia won 5-0. you can see him saying, what are you doing to us? alix: vladimir putin saying, we are just better. they totally crushed them. david: this is not customer tennis. this is, we will be you no matter what. alix: did it feed into oil conversations. pump more oil, because we are better at soccer. risk off tone on this friday. s&p futures down by about 11 points. euro-dollar is up. still heading to be the worst week for the euro since november of 2016. a monster fall yesterday, but nonetheless it feels trade wars could be winning out today. spread, and this does not seem far-fetched. 1%.e down by 3/10 of questions on

now we've had three times in a row the north korean leader has gone to chinese soil and this one so soon after that summit between trump and kim is really difficult to understand what's going on you know basically the chinese are saying to everybody look we control the north koreans and if you want a solution on the peninsula you've got to come to beijing now kim he actually i think says look i've got china at my back but right now this is really high politics and high drama does it appear to you he was summoned to jenin. absolutely larry you know the north koreans don't like the idea that they're vassals but the chinese are trying to reinforce that impression because this was a breach of diplomatic protocol the chinese should have returned the visit a long time ago they didn't do it and so now what i'm sure the north koreans are pretty upset but there's nothing they can do about it because china is a big power they are on their border and you know they do give some benefits to the north koreans but i'm sure secretly in pyongyang they're not very happy what effect does the two hundr

administration tariffs on china. the 200 billion chinese goods after china retaliated to the potential total of u.s. tariffs to $450 billion. >> peter navarro told in a row lou dobbs china is making a big mistake. president trump surprise china on monday when he announced the threat of new tariffs. a programming note for you. peter navarra will be a guest on "mornings with maria" at 7:00 a.m. this morning eastern time. trying to all right, a lot of breaking news to get to on "fbn:am." president trump in the fight on immigration and of course the fight with china and of course we are talking about the markets. latina features. better story today in the european market. gerri: the european market moving higher overnight trip to ftse up 85 points. a better open for the market today in the entire world doing better. glad to see that after yesterday morning. cheryl: good morning, everybody. welcome to "fbn:am." always a pleasure to have you join us at 5:00 a.m. eastern time. 5:01 a.m. eastern time. here in new york elitist. gerri: i and gerri willis sitting in here today and we are glad to

the u.s. administration announcing tariffs on $50 billion worth of chinese goods. the first batch would be $34 billion and would take effect on july 6. china has announced that their tariffs on about $50 billion of u.s. goods will also happen from july 6. we don't know the exact list, but in april, we heard it could include soybeans, light aircraft, orange juice, whiskey, and beef. we will get details -- for now, we know china has announced tariffs on u.s. goods worth $50 billion from july 6. mention, wet to aren't seeing a market reaction as we get confirmation of these retaliatory tariffs. i'm julie hyman, by the way, here with sherry on. there is a hope on market participants that it is not on july 6, maybe some kind of resolution can be made. stocks are down or remain steady , where they were before the announcement. let's get to kevin cirilli, chief washington correspondent. getting these tariffs and retaliation, as expected. give us what details you know. kevin: we know that china is responding with trade tariffs of their own, $50 billion worth, as president donald trump dou

koreans don't like the idea that their vassals but the chinese are trying to reinforce that impression because this was a breach of diplomatic protocol the chinese should have returned the visit a long time ago they didn't do it and so now what i'm sure the north koreans are pretty upset but there's nothing they can do about it because china is a big power they are on their border and you know they do give some benefits to the north koreans but i'm sure secretly in pyongyang they're not very happy what effect does the two hundred billion the new terra's have on all of this. that's a great question i think it certainly complicates matters you know in the past u.s. diplomats tried to stovepipe matters with china trade on trade you know south china sea south china sea you don't use one to leverage the other but right now you know the chinese don't think that way and obviously president trump doesn't think that way i think it will complicate matters but it also may make things better because it shows the chinese that they've got to come to terms with the u.s. you know see jumping is person

trumpd: president widening the tariff war, no threatening $200 billion on chinese goods and down to double that of beijing retaliates. and the escalation, the yen up, the aussie dollar down, chinese stocks returned, their reaction next. and the japanese unicorn making its debut, a 36% jump in the gray market. in hong kong, i'm rishaad salamat. >> coming up, a cautionary text tale from china, how the company's biggest screen maker lost almost a third of its value this year. this is "bloomberg markets: asia." rishaad: $200 billion, can china retaliate? 150. billionort dollars of american goods, so it makes it difficult. this is the singapore market moving up on monday. china returning a bit later, nikkei up by .5%. the type a market also down 1.2%. very much what were seeing, sydney stocks keeping your head above water for a third day. on an say, things are acceleration rather than a dampening of the trade tensions. we'll wait for response out of beijing but also reopened when it comes to hong kong and taiwan markets as well. let's take a look at what is trading. >> trade woes are tak

products. >> anthony: yeah. you know what causes chinese restaurant syndrome? racism. [ eric laughs ] >> anthony: "ooh, i have a headache. it must have been the chinese guy." >> go: most of the traditional, very famous dishes of sichuan cuisine are not made from chef. it all comes out from the family. >> eric: uh-huh. >> go: so, family dishes is the key of sichuan cuisine. >> anthony: in my quest to set eric's perfect hair on fire, i have arranged dinner with this man, go sa, who runs the sichuan cuisine museum here. he takes us to a neighborhood favorite for some typical local dishes, like pickled chicken feet, cartilaginous little bits of gnawable goodness. >> eric: how do you eat this one? >> go: just bite it and don't eat the bone, though. >> eric: no, no. oh, it's good. >> anthony: it's delicious. >> eric: it's spicy also, yeah. >> go: yeah. very spicy. have some beer. >> eric: but the food is really good, but the spice is a little bit of a challenge, i have to say. >> anthony: oh yeah. now we're talking. you're gonna love this dish, my friend. >> go: yeah, that's a -- find the

cash into a chinese online retailer. the companies plan to explore solutions throughout southeast asia, the u.s. and europe, as google seems to be prepared for a long-term defense strategy against amazon, which is not so quietly encroaching on the digital ad space of google. it offers google the ability to partner with a company that has its own logistics network, like amazon. this comes a week after they entered into a deal with a french income giant to sell groceries online in france. we have mark bergman with us and in new york, isaac stone, senior fellow at the asian for society -- asian society. how does this fit into google? >> years before they had their own shopping delivery service, which has largely been a failure, their new strategy has been a partner and it is like the enemy of my enemy is my friend, and their enemy in this case is amazon. this fits in their strategy in asia, in china particular, because a lot of chinese companies are looking to expand out of china. emily: so amazon also does not have a great chinese strategy. >> the markets they are focusing on, indon

. trump indicated he would not take actions to block companies with at least 25% chinese ownership from investing in sensitive u.s. tech companies. anded like a good signal then larry kudlow, his chief economic advisor at the white house said president trump not retreating on trade, and that is why stocks retreated. the dow down about 7/10 of a percent. 500 down about 9/10 of a percent. >> bond markets -- tell us about the bond market because we've been asking this question of whether we have hit a peak of where it comes where yields are, right? >> absolutely. larry kudlow's signaled that a trade war is not over yet, that is one treasuries started to rally. the rally included in the two-year, the short and the benchmark 10 year, the third-year now well below 3%. maybe there is more doubt about the fed rate hike. >> yeah. -- therscores everything fragility of a need sort of positive sentiments we get in the markets. investors are scratching their head a bit of what the development and the trade war story will be. we are setting up for a pretty mixed open in asia. that record low of one a

dispute will be void u.s. commerce secretary wilbur ross has been holding talks with chinese leaders in beijing he said the meeting so far have been quote friendly and frank the two countries of straitened to protect tariffs on goods without two hundred fifty billion dollars each on stories live for us in beijing so it's all over what's been achieved. while it appears that not much has been achieved from this third round of trade talks between the u.s. and china now u.s. trade officials had arrived in beijing hoping to achieve a few things they wanted to press the chinese for firm commitments now the chinese had said they would substantially increase their purchases of u.s. agricultural and energy products the u.s. were hoping to push them for a specific figure perhaps persuade them to enter into long term contracts the us also hoping to discuss in better protection for intellectual property rights as well as other structural changes to the chinese economy which they say allowed chinese firms to compete unfairly but in the end it appears that none of those things have been achieved and

live from singapore. us stock markets tumble but asian equity recovers as further tariffs on chinese goods from the us. beijing accuses washington of blackmail. football fever is running high. world cup goals. good morning asia, hello world, glad you could join us another exciting world asia business report. in early trade, we are seeing asian stocks recovering despite china accusing the us of starting a trade war. all this comes after president trump said he was prepared to impose ta riffs said he was prepared to impose tariffs on additional $2 billion of chinese products on top of those due to ta ke chinese products on top of those due to take effect next up on $50 billion worth of goods. it says washington is using extreme pressure and blackmail in. peter navarro has said multiple runs have yielded no progress. “— said multiple runs have yielded no progress. —— rounds of negotiations. the second look at the us markets. —— let's look. in early asian trade we are seeing the reverse in asian trade. they are currently in positive territory. these numbers are from yesterday