summit chile's president is struggling to end days of unrest he says the top 25 climate summit in the apec trade summit can no longer take place in his country also coming up policing online hate speech the german government announces a new proposals to stop the spread of extremist views on the internet. and a damning indictment of the emergency response to the grin full tower inferno in london the fire brigade accused of serious shortcomings 72 people lost their lives in the fight. i'm burned off it's good to have you with us tonight chile has called off to international summits in what is a new setback for the embattled president sebastian pinera he says he needs to focus now on restoring call him to his country which has seen days of deadly protests at least 18 people have died in the unrest new venue's now have to be found for the cup $25.00 climate summit and for the apec trade summit which was scheduled to bring together world leaders including u.s. president donald trump and china's president she's in pain. days chile's capital santiago has resembled a war zone. protesters throwing

summits chile's president still struggling with massive protest says the comp 25 climate summit and apec trade meeting can no longer take place in his country also coming up police in south africa crack down on african migrants staging a sit in demanding help not to stay but to leave the country after a series of xena phobic attacks and california on fire dozens of wildfires continue to burn across the state now high winds are fanning flames near los angeles forcing thousands to flee. i'm called aspen welcome to the program chile has called off 2 major international summits it's a new setback for him battled president sebastian pinera who says he needs to focus on restoring calm amid days of mass protests at least 18 people have died in the unrest now new venues will need to be found for the cop $25.00 climate summit and the apec trade meeting which was scheduled to bring together world leaders including u.s. president donald trump and china's cheating pain. days chile's capital santiago has resembled a war zone. protesters throwing rocks and stones at police. they responding in kind wit

summits chile's president still struggling with massive protests says the comp 25 climate summit and apec trate summit will no longer take place in this country also coming up as russia remembers the victims of the stalinist purges 80 years ago we meet a man who has unearthed in mastering his backyard. plus a hero's welcome for a record breaking climber after he conquered the world or team highest mountains in just 6 months. on call assman welcome to the program has called off 2 major international summits it's a new setback for embattled president sebastian pinera who says he needs to focus on restoring call amid days of mass protests at least 18 people have died in the end rest now in new venues will need to be found for the cop $25.00 climate summit and the apec trade meeting which was scheduled to bring together world leaders including u.s. president donald trump and china's teaching paying. days chile's capital santiago has resembled a war zone. protesters throwing rocks and stones at police. they responding in kind with water cannon. tear gas and moral. it's against this backdrop th

summits she lays president still struggling with massive protests says the calm 25 climate summit and apec trade summit will no longer take place in his country also coming up the impeachment inquiry into u.s. president donald trump gathers steam investigators and by former national security advisor john bolton to testify. plus policing in online hate speech the german government announcing new proposals to stop the spread of extremist views on the internet. i'm called aspen welcome to the program chile has called off 2 major international summits it's a new setback for embattled president sebastian pinera who says he needs to focus on restoring calm amid days of mass protests at least 18 people have now died during the unrest now new venues will need to be found for the cop $25.00 climate summit and the apec trade summit which was scheduled to bring together world leaders including u.s. president donald trump and china's xi jinping. days chile's capital santiago has resembled a war zone. protesters throwing rocks and stones at police. they responding in kind with water cannon. tear gas an

to end days of violent protests that have swept the country he says the comp 25 climate summit and apec trade summit can no longer take place as scheduled also coming up policing online hate speech the german government announces new proposals to stop the spread of extremist views online. and the grand felt tower disaster in london a damning indictment of the emergency response a public inquiry to accuse is the fire brigade of serious shortcomings in tackling the blaze which killed 72 people. on the rock it's great to have you along everyone chile's president. has withdrawn his country from hosting the apec trade summit and the cop 25 climate climate meeting his decision comes after weeks of demonstrations and violent unrest which have left 18 people dead and seen thousands arrested imus traders are demanding greater economic equality and better public services the apec gathering in november was expected to bring together world leaders including us for. donald trump and his chinese counterpart xi jinping. well just days ago president's been yanna insisted that the cop 25 climate summit

he says the cup 25 summit and the apec summit cannot take place in this country. and the damnging response to the grenfell tower fire. and a crowd in kathmandu celebrates the return of the mountain climber who scaled 14 of the world's tallest mountain feeds in record-breaking time. brent: i'm brent goff. to our viewers on pbs in the united states and all around the world, welcome. tonight chile has called off two international summits in a new setback for embattled president sebastian piÑera. he says he needs to focus on restoring calm to the country which has seen days of deadly protests. 18 people have died in the unrest. new venues have to be found for the cop25 climate summit and for the apec trade summit, which was scheduled to bring together world leaders including u.s. president donald trump and china's president xi jinping. reporter: for days, chile's capital, santiago, has resembled a war zone. protesters throwing rocks and stones at police. they responding in kind with water cannon, teargas, and more. it is against ththis backdrop tt chile's embattled p

chile that country's president a substantial and yet out has withdrawn his country from hosting the apec trade summits and the comp 25 climate meeting is this isn't comes after weeks of demonstrations and violent unrest which have left 18 people dead and seen thousands arrested demonstrators are demanding greater economic equality and better public services they paid gathering in november was expected to bring together world leaders including u.s. president donald trump and his chinese counterpart xi jinping. while just days ago president's been yet. system that the top 25 climate summit and apec trade summit would go ahead as planned i asked john bartlett a correspondent in the capital santiago if this was a major climbdown for the president. yeah i think i think you're right it's a kind of draw the draw the kind of the sense of magnitude of this this decision i think it was coming out at this is not simply 'd a surprise i think that the you can kind of break the decision down into 2 factors is the kind of political in the kind of public image of chile which i think is suffering anyway

summit chile's president is struggling to end days of unrest he says the cop 25 climate summit and apec trade summit can no longer take place in his country also coming up tonight i've damning indictment of the emergency response to the brimful tower inferno in london the fire brigade accused of serious shortcomings 72 people died in that fire and a raucous home crowd in kathmandu celebrates the return of the dipali mountain climber who's still seeing of the world's tallest mountain peaks in record breaking tell. i'm off to our viewers on p.b.s. in the united states and all around the world welcome tonight chile has called off to international summits in a new setback for the embattled president sebastian pinera he says he needs to focus now on restoring calm to the country which have seen days of deadly protests at least 18 people have died in the unrest new venues now have to be found for the cup $25.00 climate summit and for the apec trade summit which was scheduled to bring together world leaders including u.s. president ellen trump and china's president xi jinping. days chile's cap

hopes of a handshake in doubt as chile cancels the apec summit

the white house doesn't seem too concerned with the sudden change in apec. >> while apec was canceled yesterday it has not negatively impacted our conversations with china at all. i spoke with the trade team, the great larry kudlow, you know who i spoke. he told me the talks are growing very smoothly. reporter: spokesperson for china's commerce ministry saying they are moving forward well, saying quote, the economic and trade teams of china and the united states maintained close communication and consultation work is progressing smoothly. the two sides will continue to promote consultations and other work as originally planned. you alluded, charles, what the market took notice of this morning which is that bloomberg report which led to retreat in the markets. that report cites chinese officials saying that they aren't necessarily sure the entirety of this trade deal, phase one, phase two, could come together. they cite past actions from the president, that is how he has in the past sometimes backed out of deals. then of course there are the structural issues in phase two that are the

but apec does not have a secondary location for this. there will probably be no meeting between president trump and joining ping. i agree. either there is no deal by the middle of next month or there will only be a very small one. lou: we are getting very clear pictures right now of what's going on, fbi director christopher wray making it clear his agency has 1,000 active investigations against chinese companies for espionage. >> when you look at the blair-huntsman commission report and the u.s. trade representatives report last year, there is something of something like a hundred billion dollars worth. and they say the por -- they sae proportion of that is overwhelmingly china. lou: the justice department says 90% of all cases are chinese-related. here we are talking about doing a trade deal with them. what are they going to do hold our hands while they steal from us left and right? this is outrageous what we are looking at here. >> the on way you get china to stop it is impose tariffs. lou, this is going to get a lot worse. december 1,

hopes of a handshake in doubt as chile cancels the apec summit were the u.s. and china were expected to sign a partial trade deal. all-timeks hit an high. apple, lift, and facebook, all top earnings estimates. the start of trading begins in asia. the start of training in sydney trickling online. trading has already been underway in new zealand. weekve policy stocks in from the of it. new zealand trading flat at the moment. the kiwi dollar has been on the move. higher after 1% west bank said the rmb would pause from november from cutting rates. central-bank action is the name of the game as investors and asia decide for the meaning of what fed chair powell said overnight. it was a hawkish cut, saying things would stay on hold until the material changes to the economic outlook. in his press conference, suggesting inflation is key as to whether they would be any hikes down the road. that does not look likely at the moment. as wes looking positive go into a bank of japan decision day. shery: we have south korea's industrial production numbers jumping 2% after a co

chile cancels the apec summit. where does that leave the u.s.-china trade deal that was excited to be agreed in santiago? psa are in merger talks, with both shares rising sharply. ever core's arndt ellinghorst will join us. this is "bloomberg markets." ♪ vonnie: u.s. markets are holding their breath to a certain extent right now as we await the fomc decision, which is always on the cards. the apec summit is canceled due to social unrest there, but will there be a relation country found? what will happen to any purported phase one deal that would maybe be at that summit? we are down about a couple of points on the s&p 500, still well above the 3000 mark. the dollar index unchanged before the fomc. the 10 year yield is down to 1.80%. general electric pleasing investors today. the stock up 11.6%. still come weaknesses in various areas, but larry culp showing some results in the turnaround plan. guy: here in europe, waiting for the fed, trying to figure out the applications. we are also watching the ecb restart qed and -- restart qe for banks. deu

your company everyone chile's president sebastian pinera has withdrawn his country from hosting the apec trade summit and the calm 25 climate meeting his decision comes after weeks of demonstrations and violent unrest which have left 18 people dead and seen thousands arrested in a street as are demanding greater economic equality and better public services the apec gathering in november was expected to bring together world leaders including u.s. president donald trump and his chinese counterpart xi jinping. all right let's get you more on the this developing story we can go to chile to the capital santiago where correspondent john that bartlett's is standing by john 1st off this is quite a climb down for the presidents because just days ago he insisted that these 2 high level profiles will go ahead no matter what what changed. yeah i think i think you're right it's a kind of draw the draw the kind of the sense of not that she did this decision i think it was coming out i think this is massively a surprise i think that the you can kind of break the division down into 2 factors this the ki

thank you chile has withdrawn as host of november's apec summit and the co-op 25 climate summit in december after several weeks of violent unrest and the last protests the upcoming cop 25 talks were seen as vital in tackling the climate emergency as it was hoped they would spur momentum all national emissions cuts the apec cancellation puts the signing of a preliminary trade accord between us president and his chinese counterpart paying in doubt but the chilean president sebastian pinera says restoring public order is his priority the protests are estimated to have cost billions of dollars in damage to buildings and infrastructure including the closure of summary of santiago's 6 metro lines the climate summit alone was expected to bring 30000 people to the city giving it a badly needed boost but now that revenue is lost minor apollo has more from santiago. the announcement by the u.s. president to cancel the upcoming asia pacific economic conference as well as the u.n. after poll see. 25 climate change conference i was expected to take place in december certainly came as a shock to many who

the summits are the un climate change conference and the apec trade forum. the bbc‘s katy watson has more on this. this is a massive decision by chile, but one perhaps understandable with the fact the protests are ongoing. it would be hard to see world leaders coming to santiago whilst people are on the streets every day in chile. now, this was meant to be chile's moment. apec, the asia—pacific summit, was going to see trump, with the chinese leader, sign phase one of a big trade deal, and december the un climate conference, which is a massive date in the calendar. but the fact is pinera has to focus on problems at home. he called this a painful decision but one that made commonsense. he likened the decision—making to that of a parent — that if there were problems in the family, the family came first. likewise for a president, his people are more important than anyone else. emotive words, but lots of chileans might struggle to understand them because since these protests began, sebastian pinera has struggled to find a resolution and put a stop to the

chile is withdrawn as host of november's apec summit and the cup 25 climate summit in the center after several weeks of violent unrest and mass protests the upcoming cup 25 talks were seen as vital in tackling the climate emergency as it was hoped that they would spur momentum on a national emissions cuts in one of the apec cancellation puts the signing of a preliminary trade accord between the u.s. president on trump and his chinese counterpart zeeshan ping in doubt but the chilean president sebastian pinera says restoring public order is his priority the protests are estimated to have cost billions and billions of dollars in damage to buildings and infrastructure including the closure of 3 of santiago's 6 metro lines the climate summit alone was expected to bring 30000 people to the city giving it a badly needed boost but now that revenue is lost by their upper low has more from santiago. the announcement by chile's president to cancel the upcoming asia pacific economic conference as well as the u.n. after people see. 25 climate change conference i was expected to take place in decem

where a potential phase one portion of the trade deal can be signed because of the cancellation of the apec meetings. the president acknowledged that today in a tweet in which he wrote the following sayings, quote, china and the usa are working selecting a new site for signing of the phase one trade agreement. 60% of the total deal after apec in chile was canceled due to unrelated circumstances. the new location will be announced soon. president xi and president trump will do the signing. here is what i can tell you. speaking to multiple administration officials earlier today, they have not heard where a potential site could be focused on or at least narrowed down to at this point, i'm told the november time frame to have phase one put on paper is still on track. there are logistical issues that have to be worked through because of last second changes. the white house doesn't appear too concerned with the unexpected change in plans. >> while apec was canceled yesterday it has not negatively impacting our conversations with china at all. in fact i spoke to the trade team this morning, the gr

fewer bothered by the decision not to host either the apec summit in november or the un climate meeting a month later. reverend wright yes it's true these kinds of summits bring some benefits but as long as there are no laws or a new constitution to distribute those benefits it's fine to counsel them you know by from i guess it has been done and so the mass protests go on as chileans demand what they see as a bright and fair a future. you're watching the news coming up join us on a tour of jerusalem's new city of the dead thousands of new tombs will help relieve the pressure on this he's already overcrowded it's of the trees. in the u.k. campaigning has already begun ahead of the snap general election on the 12th of december even though parliament will not close until next wednesday some lawmakers won't be contesting their seats there including the speaker of the house of commons john bercow he's risen to international prominence for his role during the breaks it debates so much so that one word in particular is almost synonymous now with his name. 6 love him all loathe him john bercow

the summits are the un climate change conference and the apec trade forum. it's the first time a country has pulled out of hosting the climate conference at such short notice. the bbc‘s katy watson has more on this. this is a massive decision by chile, but one perhaps understandable with the fact the protests are ongoing. it would be hard to see world leaders coming to santiago whilst people are on the streets every day in chile. now, this was meant to be chile's moment. apec, the asia—pacific summit, was going to see trump, with the chinese leader, sign phase one of a big trade deal, and december the un climate conference, which is a massive date in the calendar. but the fact is pinera has to focus on problems at home. he called this a painful decision but one that made commonsense. he likened the decision—making to that of a parent — that if there were problems in the family, the family came first. likewise for a president, his people are more important than anyone else. emotive words, but lots of chileans might struggle to understand them because

struggling to end days of unrest that have swept the country he says the c o p 25 climate summit and apec trade summit can no longer take place in his country also coming up tonight a damning indictment of the emergency response to the inferno when the fire brigade .

place to sign a phase one trade agreement in november he originally hoped to finalize the deal at the apec summit in chile but that was cancelled after mass demonstrations which saw all deaths and arrests. let's get more on this from the man on wall street conflicting news there about the u.s. china trade deal how much did it spook investors. well i'm not sure if the trade talks were the main reason why we traded to the downside here at the last day of october we also got some weak economic and new was from the industry sector in the broader area of cargo then also the federal reserve meeting from the day prior where jerome powell pretty much hinted that we won't see any more rate cuts anytime soon i guess those were probably the main reasons but you mentioned the conflicting signals that we get from the trade talks on one side we got reports from private conversations from chinese officials that they're doubtful about a long term deal between the 2 biggest economies in the world and then on the other side donald trump and tweeting that there will be a signing of the phase one deal pretty

that had been expected to be possible at apec in chili. the white house saying it occurs apec will not occur in chili and the organization does not have a secondary site prepared. so no information coming out of the white house in terms of where they might meet with president xi and you can imagine the tensions around where to do that, the similwhether that take in the united states, china, all of that being worked out behind closed doors now. >> appreciate the update there. >> you bet. >> so is that the only thing that turns, lindsey, positioning in the market from more negative and caution to much more positive you get money coming into the market and you try truly have t next leg we talk about. >> i think that's a huge risk to the market now i think concerns around the world. there is brexit, a little bit of uncertainty there as well. but you are starting to see some of these international markets turn around a little bit the lower interest rates here in the u.s. i think that's certainly a positive and we have some positive momentum goi

soon choose a new place to sign a phase one trade deal in november the idea was to finalize it at the apec summit in chile that was cancelled of the mass demonstrations that so death center rests. and germany's highest court has upheld the acquittal of 3 former bank managers who were accused of fraud the case against boy. related to the bankruptcy of the kish media group in 2003 the ruling is final. began to continues to struggle with the impact of plastic waste on the environment the government is reconsidering the total ban on plastics offered spot pushback from manufacturers for this next entrepreneur says there are so many alternatives that a biodegradable and affordable. to choose the bismuth cereal you know since she would die as they would selection himself. and the teas one room want ship he said it is to make at least 3 power extension plugs a day he's keen on 50 so the train. in fitting the y. is and the popular. 2000 each piece before the stage where a few 100. can get to protect treaty. price. we came up with the idea of making power extension plugs after noticing the quality o

to end days of violent protests that have swept the country he says the comp 25 climate summit and apec summit can no longer take place as scheduled also coming up policing online hate speach.

ongoing now for closer to 2 weeks really now there are a few major impacts to this decision to cancel apec the 1st being the fact that this certainly disrupts a planned meeting between u.s. president donald trump and china's xi jinping who are expected to sign a phase one of a major trade deal to sort of to sort of settle and calm a lot of the anxiety in and fears from the financial markets as to whether or not and the escalating trade war would mean a further delay on a possible trade deal with the united states the white house in washington it did issue a statement today saying that they do plan to move forward with phase one of that trade deal whether or not that's going to take place in a different location in. in washington that remains to be seen the attempt there is to is to call some of these these fears over the escalating trade war there is another concern here regionally and in chile which is the tarnishing of cheerless reputation as being a global leader a regional leader when when it comes to matters of the economy chile's economic model has been one of a sort of blueprint for

without anything signed so for then even for them to reach something concrete that limited agenda by the apec summit in the vet member is is going to they do need extra talks actually of course it's this deceptive tractor trade was weighing on both the the i.m.f. has just cottle's of growth forecast for the united states and it's sending out a very sort of staunch warning saying that the situation was precarious there's no room for any mistakes what's the need for economies in asia so so there are 3 main effects one is that if you look at investment in there in the region it's already declined so in 8 of the 11 largest economies investments contribution to g.d.p. growth has declined in the 1st half of this year compared to last year a 2nd effect is obviously if china is getting hit they are selling less to china so this whole global as regional supply chain that countries are getting hit by that there is a silver lining however trade redirection so you do have many countries seeing their exports to the u.s. increasing vietnam by 33 percent bangladesh by 14 percent so that's one the other is p

we've got some good talk but we need some some concrete a lot has to take place between now and the apec summit thank you very much for taking the time street was usually in manila in berlin for us today. from the asian development bank and now u.s. president trump says he will quote destroy turkey's economy stop negotiating a $100000000000.00 trade deal with the country and ramp up tariffs on its steel to 50 percent the threats are an apparent efforts to put pressure on ankara to halt its offensive against kurdish forces in northern syria which began after president . trump announced the withdrawal of u.s. troops the white house has also imposed sanctions on 2 turkish ministries and some senior government officials already. and german carmaker volkswagen is also looking at turkey's offensive in syria the company had been planning to build a brand new factory and is mia but now we has called the planned investment into question according to media reports there will be no contract signing for the time being the veto we a group says it needs time to make a decision about its turkey plans.

initial trade agreement next month, but we learned that chile has decided to pull out of hosting the apec forum because of protests and that is where presidents trump and xi had been hoping to meet. we still don't know where those two leaders will meet to discuss the trade war. now let's brief you on some other business stories: the boards of french car giant peugeot and italian—us rival fiat chrysler have agreed to work on a $50 billion merger, according to reports. an announcement could come as early as today. fiat chrysler failed to secure a merger with renault earlier this year. the auto industry is being forced to consolidate by the growing cost of new, cleaner technology. apple says profits fell 3% in the past quarter, to $13.7 billion. it has been hit by a steep fall in revenue from iphones, which still make up half its sales. apple is trying to refocus on wearable technology, such as airpod earphones and watches, as well as services like apple pay and the forthcoming streaming service apple tv+. starbucks says global sales were up 7% in the past quarter, boosted by digital order

another component is apec conference in chile in about, what is today, lost track, october 11th. about five weeks time. that is kind after target day, when potentially papering, getting all details down and fleshed out could be signed by the u.s. and china down apeck in chile. whether that is signed by robert lighthizer, steve mnuchin or president trump signing that with xi as well. either way to step back for a second. this is what the president describes the very first words, one of the first words you will hear from him, as a substantial deal. has multiple issues what the president and his team have been talking about. the exact details? we don't know. one sheeter. i will leave you for this, what is interesting, president has been talking about, he want as big deal. he was asked, what about phases? why are you doing faces. this is just too complicated and important they have to take it piece by piece. melissa: when you were saying the apec conference date in chile was target for paper, that is phase one? >> the president said it will take three, four, five weeks to get this do

high-level talks set to resume as the us and china attempt to strike a deal before the apec summit next month in chiller. some companies have now moved operations out of the people's republic to avoid tariffs. ——in chile. but the shift may have been under way even before then. we have seen for the last decade or so manufacturing come out of china, even before this us china tradable, costs are rising in china. electricity, labour costs, you name it. so slowly companies new they needed other manufacturing locations. i think the fundamentals in many african countries, not all of them, but many of them are strong and many benefit from the fact that they have tariff free access to the us market and some of them have actually invested in the infrastructure such that manufacturing firms can go there and really be plugged in play. ethiopian would be an example of a country with a lot of industrial part over the last decade. i think it will not be tomorrow but anything next generation, there is the potential for africa to become the next factory of the world. africa, ethiopian, will be key m

tone even though president trump tweeted out that parties are looking for a different place to host apec, and an announcement will be coming soon. i would bet phase signed. however, we are reporting today that china is not so certain on all of this. that puts a bit of a dampener on market spirit supposed fomc. the 10 year yield at 1.7 1% is all thanks to the fomc, down another quarter percentage point and looking like it is on pause, at least for the moment. the dollar index weakening off the back of the fomc. cigna came in with great earnings and a revised higher full-year forecast. the stock taking a bit of a dive down 2.5%.5% -- coming up, we will hear from the ceo david cordani after that result. guy: let's talk about what is happening in europe. the oil sector is lower because of shell. the mining sector is down. chinese pmi data was super weak overnight. that is what we are focusing on, particularly the manufacturing side. we've got this sorry surrounding what is going on with the trade narrative. the lighthizer deal, basically the chinese aren't convinced. volume is reasonably goo

the president has had difficulties trying to on that and has canceled a pack summit and the apec scheduled meetings in december. i think the point you have made is absolutely right. this is essentially a middle-class protest. saying ita lot about is about inequality and things like that, that is not the point. the point is missed expectations. if you look at what shall he has done over the past generations, in some ways it has been very positive. secure, the economy has been growing, and many of us have used chile as an example of what latin america could aspire to be. but those high expectations have not been met. chile is a copper-based exporting society. you have less resources and people are getting frustrated. that is what is going on here. frustrationof the in the united states has to do with the usmca, the successor to nafta. it has been pending for some time, and one member of the house ways and means committee says they think they are close to something now. where is your sense of where that stands in congress? target, is a moving clearly, but there is some optimism coming out of

they continued their discussions about the phase one deal president trump to sign down at the apec summit in chile. interesting language coming out of the office, saying they are making headway on areas and are close to finalizing some sections of the deal. if you remember back to the announcement a few weeks ago by the president when he had him in the oval office, they made the point that they still need to hash out details and get it in writing. sounds like they are getting their. david: who are the good cops and the bad cops? yesterday we heard from mike pence. he seemed the bad cop. the nba and hong kong and things like that. beijing said, you have problems in your own country. now we have bob lighthizer, usually a hard-nosed, and he is making the nice noises. >> who is good and bad depends on what line you look at it through. i will stay away from that one. the trade relationship is one of the few that seems to be working now between u.s. and china. broadly, the relationship seems to be deteriorating. tough language from mike pence yesterday. president trump clearly wants this deal.

we are barely going to get through a phase one here now that we have seen the apec summit canceled. maybe there will be a meeting at the sideline of the brick summit , but we are looking to get a phase one, which is the easy stuff. president trump has said phase two is where the hard stuff will happen on structural reforms in the chinese economy. i think there is closer to 0% chance that we will see in the next year that come to fruition. shery: thank you so much for your thoughts. we have breaking news out of singapore. we are hearing from south east asia's third-largest bank, now reporting net income of 1.12 billion singapore dollars, slightly beating estimates of 1.1 billion sing dollars. their third quarter net fee and commission income coming in at 500 51 million singapore dollars. this is largely expected. bloomberg intelligence saying the profitability should be driven by healthy lending, steady margins and stable whichions for this bank is southeast asia's third-largest. net income again slightly beating expectations coming in at 1.12 billion singapore dollars. plenty more t

with chinese president xijinping know, it might be signed with chinese president xi jinping at the apec summit in chile. but listening to the chinese officials, they have been more cautious, more conservative in their approach about the outcome of those talks, simply claiming there had been progress between the two countries. earlier i spoke with a former white house international economics adviser to president trump, and he said a deal is still on track, despite mnuchin's comments. he doesn't expect, though, a major trade arrangement being signed and delivered but are limited and partial trade accord during the course of the next several months. as we know, intellectual property theft and forced technology tra nsfers theft and forced technology transfers continue to be the sticking points between these negotiations. now let's brief you on some other business stories: donald trump has said he will authorise sanctions against turkish officials over ankara's incursion into north—east syria. the us president also said washington will stop negotiating with turkey on a $100 billion trade d

he said the trump administration objective was for the agreement to be signed at the apec summit in chile. earlier this week steven mnuchin said if there was no progress on the deal, the trump administration could still impose the planned 10% tariffs on $156 billion of chinese goods, taking effect on the 15th of december. the clock is ticking thank you so much, rico in singapore. now let's brief you on some other business stories: the united auto workers union has announced a tentative deal with general motors after weeks of negotiations and one of the longest strikes in the company's history. the four—year agreement, which would cover almost 50,000 workers, signals a possible end to the month—long walkout over pay, conditions and job security, which has cost the carmaker an estimated $90 million a day. shares of netflix have jumped after it added more subscribers than wall street had been expecting in the three months to september. it now has 158 million paying customers around the world, but it faces serious competition from next month when disney that is your business briefing. our

the november apec meeting is not a formal deadline. it is just a milestone because that is the next time the leaders will be in the same place. if trump thinks it is to his political advantage to get something signed, i am sure he will try to do that. the chinese seem to be stringing this along pretty well and not convinced that there is a deal to be done. there is a lot of work left to get them to that point. david: we tend to focus on the u.s. china trade deal. it makes sense. we also have issues with europe and deadlines there. where is united states with respect to european imports and potential tariffs? rufus: this is worrying because you have the boeing airbus fight where we just want judgment in the wto. one of the few wto decisions the president seems to like. imposeves authority to retaliatory tariffs on the europeans because of airbus subsidies. still meantime, he is threatening to impose tariffs on automobiles under section 232 of the national security law, and there is a november deadline on what he does with that recommend

the chilean capital and other parts of chile now there are major implications for the cancellation of apec but the main one that we can point to is a trade deal that was expected to be signed between president from pushing big of china regarding trade between the united states and china trade deal that was expected to lessen tensions at least lessen fears within the financial markets of an escalating trade war between the united states and china and whether or not that the signing of that trade deal is still going to take place at a different location remains to be seen but it's. only not calming any fears there are other major implications for as which as well not least of which is the perception and the global standing in the tarnishing of the reputation as a global leader as a regional leader as a sort of model economic model for how a country can come out of 17 years of a brutal dictatorship and become the most developed nation in latin america there are major impacts in chile already being felt currency devaluation a decline in chile and stocks speculations financial speculation that'

out of these talks this week leading up to president trump and president xi potentially meeting at apec next month. however, it looks like we have muddied the waters of the possibility of a deal this week by some of these external issues. we have not even mentioned hong row over the nba's owner, one of the team's owner actually saying something about the hong kong protests which the chinese citizens as well as government has reacted quite negatively to. i think that will impact the trade talks this week as well. as senators, presidential candidates here in washington, d.c. are starting to really push back on any implication that chinese citizens where the chinese government has the right to sentence or -- to make americans self censor about the hong kong protests. shery: is that why the president keeps bringing up the hong kong issue? just a few minutes ago, the president was calling for a humane solution in hong kong. that is not something that china wants to hear about coming from the president just days ahead of the trade talks. amy: indeed. the administration has been quite reluctan

on selecting a new site for signing of the phase one trade agreement, about 60% of total deal after apec in chile was canceled due to up related circumstances. -- unset related -- unrelated circumstances. a spokesperson earlier this morning said things are moving forward as well saying, quote: the economic and trade teams of china and the united states have maintained close communication, and the consultation work is progressing smoothly. the two sides will continue to promote consultations and other work as originally planned. now, in speaking with a handful or so of administration officials earlier today, liz, i can tell you that they have not heard of where this potential meeting could take place between the two leaders, though i'm told the mid-november time frame to have phase one put on paper is still on track. when you look at the logistical issues around this, the president highlighted it in his tweet. it appears as if they're going to have to make a decision on location in the upcoming days. now, despite the weak manufacturing numbers and that bloomberg report, the president toda