and asia? of the obvious ones, .irect trading, sale of goods then of course there are the financial services, a huge export for the u.k. ando, hong kong, increasingly shanghai, so again, we see them doing well there. tourism is another angle. when you put all that together, china, hongntioned, kong, japan. it is an interesting case. if there are opportunities in nature, it is not universal for all. it will be a long and complicated process before we see fruit being born from any trader with the u.k. days, but very interesting as to who the winners and losers may be. we have plenty more to come. we are looking at a lot of downside to asian markets at the moment. tokyo down by over 1%. sydney off close to 2%. on friday is driving sentiment, a lot of uncertainty ahead of the fed and the boj meeting next week. plenty more to calm. you are watching "daybreak asia" . ♪ flash the latest business headlines, china says the country needs a futures market that better reflects the broader economy. the vi

you are watching "asia edge". i am angie lau. the s&p global ratings in saying bhp- moody will be below the threshold for a rating. comes as a number of have had their own outlooks upgraded as resource prices make a comeback. shipping sinking again amid reports that 40 of its 97 ships at sea have unloaded. hyundai merchant is looking at hanjin shipping's assets. they have asked hyundai if it wants to acquire ships. merchant says it is considering all measures to bolster its business. checking shares, hyundai merchant climbing 6.5%. from ships to automobiles, hyundai motor is tumbling as workers stage there first full-scale strike in 12 years. staff also take partial action for the rest of the week. last month, the unions rejected a tentative wage deal which might affect hyundai's efforts to reverse 10 consecutive quarters of falling profit. this was the first time that unionized workers had voted down a pay deal. get back to what's happening in the markets, emerging stocks posting their biggest weekly gain in two

there are fantastic businesses in asia and southeast asia. it is only the last couple of years we've seen multibillion businesses develop on the basis of encrusted -- interesting user dynamic and southeast asia. if all we did was stay in southeast asia, we would be very happy. the week you are busy -- business as broader. the island of taiwan has been important for a business almost since the beginning. that is important on the game side, very important on the e-commerce site. we've added innovations to mobile in taiwan. we call it greater southeast asia, the concept of including all of the island regions as well as terrestrial land. i noticed you called it the island of taiwan. you're notyou're not talking --g out china entirely? >> we are looking at ways to engage partners in china. one of our important shareholders has been a great elder brother to us, a mentor, they've given this trip the device on technology. we chat toy brought the world. we've never inspired to in their or play kitchen. sometimes we find ways to collaborate. there is a

on, much more ahead "daybreak asia". good opec and russia be for an agreement on oil output ar or are they just talking up the market? toup next, we speak marriott's asia-pacific head and find out what its megamerger with starwood means for customers. this is bloomberg. ♪ >> you are watching "daybreak asia". i am betty liu in new york. in hong kong. man goldman sachs may cut a quarter of investment banking jobs in asia, 75 jobs across the region because of the slump in deal making goldman sachs faces. it is its worst issuances since 2008. it is also under scrutiny for underwriting $6 million. closing at singapore trading desk as part of a global shakeup. they are focusing on quantitative research and continue to add developers. dismiss 15% of its workforce last month. marriott's year-long pursuit of starwood hotels and resorts is finally over with a $14 billion takeover, the largest hotel operator in the world. the deal increases marriott's market share outside the u.s. and gives them more luxury and lifestyle hotels.

so asia, being such a strong feeder market to the west and being able to understand the culture in asia and how asian people think, and the philosophy, it helps as well. haslinda: it is very asian and very chinese to consult the elders before making a decision. how much does that happen within the family before you make decisions for rosewood? sonia: so, my father is a very, i guess, i would say cool boss. [laughter] haslinda: and a cool dad. sonia: he is not micromanaging. he actually gives you the freedom to build a business on your own. from time to time when it comes to major decisions we will need his approval, and i'm very transparent with him and very direct in terms of what needs to be done, and what needs to be reported. and of course, there will be ideas and incidents where we disagree, and i will not be afraid to speak out and voice my opinion. haslinda: but how our differences ironed out? sonia: usually i win. [laughter] haslinda: because you are the daughter. sonia: no, no, no. because he is very experienced and he has a lot of strong business acumen so there's a lot i lear

continue to advance, although it is not like asia. asia yesterday had a brilliant pointp between 1% and one 5%, but the u.s. continues to advance. angie: hold on to that thought. this might add some color. we have some breaking news with federal reserve governor williams, season flechette rising, also saying that waiting too long to hike risk imbalances is perhaps something to consider. also saying consumer spending is u.s. is at full employment, and inflation is on track to reach its goal. so there you have it, providing some guidance to the markets right when we were complaining that we weren't going to get any for the next two weeks. this directionally an a for the markets to believe in a september hike? >> i do think so. the fede coming from before the nonfarm payrolls employment data, that was quite hawkish. aid i want yellen se it. mr. dudley said i wanted, so i think it will happen. price in aho do not rate increase in two weeks by the fed, i think that is living at the peak. angie: kind of like that murky shot. still waiting f

the economic role in asia-pacific. the united states government will be much more friendly towards taiwan. and an active role, the active role, and the government, try to emphasize it, the government issue, and domestic economic issues, and deal with neighboring countries. the data in domestic politics, the performances, any voice or inference for the new government in taiwan, about economic issues. the second, foreign-policy, probably in my opinion to learn from a previous policy, two different positives, and property, not so much, not sufficient, theoretical supporting, still pursue the policy but the new government needs to think about the substance of the policy, in these conditions but the abstract, kind of a direction, in taiwan they think about it in the region but need to speak out how to articulate it. and they need to emphasize economic performance. >> coming to you. >> i want to ask about policies, what this meant to you, after -- this expense to be more aggressive and dignity and how to comment, what action

until recently the state department's top asia man, is to bolster asia's operating system. in other words the arrangements that have built peace and prosperity in asia for decades, like free trade, freedom of navigation, multilateral groupings and institutions and the peaceful resolution of disputes. the most important of these right now, campbell notes is trade. the transpacific partnership is -- it boosts growth, shores up american alliances, sends a powerful signal to china and as president obama points out, writes the rules of the 21st century in ways that are fundamentally pro american. without it expect china to begin drafting those rules in ways that will be very different very soon. yet the tpp is under assault from every corner of america, hillary clinton and paul ryan say it doesn't meet their standards anymore. what these standards are, they never really specify. robert lawrence points out that the gains of tpp for american workers far outweigh the losses. the notion often peddled by trump is china -- the simple realty is that the united states has the world's la

lauren: his final trip to asia as president. a russian fighter jet flew within 10 feet of surveillance aircraft over the black sea. the russian plane made an unsafe maneuver. he was conducting routine operations in international airspace. a dangerous encounter lasted 20 minutes. this is just the latest in a string of maneuvers backing a pro-russian jets buzzed over the uss donald cook in the baltic sea coming within 30 feet then of the warship. the resignation comes a week after the controversial visit to mexico. the trip was widely seen as a humiliation to henrique pena yanked out after disparaging remarks about mexicans. the decision -- >> green party president joel stein has spent treasure trespassing a criminal mischief. accused of spray painting construction equipment during a protest against the controversial oil pipeline in native american tribe is trying to stop work on part of $3.8 billion project to tribal leaders say would violate ancient burial and per se. the judge has temporarily stopped work on the site in north d

later in the week, obama ended up in a trip in asia. let's give you my take on the controversial transpacific tip deal. don't worry, we'll get to the south china sea, turkey and, of course, donald trump later in the interview. president obama, thank you so much for joining us. >> great to see you. >> one of the centerpieces of your foreign policy has been the so-called pivot to asia, the idea of moving towards that part of the world where all of the dynamism exists. it looks as though hillary clinton and paul ryan and donald trump is against it. >> i don't think that's correct. the politics of trade have always been complicated. let me back up and say that the idea of the rebalance was not to neglect other parts of the globe in favor of asia. it was rather to recognize that for a decade we have not been paying attention to asia at a time when it was undergoing this enormous transformation, the world's most populist region, the most dynamic market and that we had to make sure that we reminded ourselves as well as the region that we're an

have an asia outside japan. the cuts will come as early as this week according to our source. worst rankingits in equity since 2008. scrutinyis also under for its role in underwriting $6 billion in bond sales for cycling -- were struggling malaysian funds. in place in australia and new zealand will be spared from the call -- the cull. hanjin shipping is sinking again. 40 of its 97 ships at sea have now unloaded. hyundai merchant is said to be looking with a view to buy. hanjin has declined to comment, while sunday says it is considering all measures. it has created a boost for hyundai's shareholders. at one point during a today trade, they were up 12%. in's creditors have been stepping up to ease cargo disruption. another big move. almost -- jellico hasrst time chinalco.- the move to private -- the move to privatize chincalco. the project has seen revenue squeezed by oil prices and workers strikes. and reports from korea as state bresky's -- state prosecutors say it is concerned that emma's mother is going on. r

here in asia as well. all you have to do is look at the global picture, where the msci all country index is down .4%. you can see what the bonds are doing right now throughout the rest of the market. i want to bring you into bloomberg right now. i want to show you what is happening in the asia-pacific regional benchmark, the asia-pacific benchmark here. dive out this precipitous downward as we bring that up on my bloomberg terminal. subscriber, all you have to do is xap go and check it out. let's get more on the markets with juliette saly. juliette: not a great day for asian investors. a near 3% drop on the hang seng. hot -- hong kong stocks falling from a one year high. insurance stocks are doing a lot of the damage. shanghai off by over 2%. by a being weighed down big fall in sense on electronics. $20 billion in samsung's market cap since thursday. that is having a 2/3 impact on the kospi. nikkei, a bit of a mixed picture on economic data. australia is being hurt by the downturn in commodity prices, off

now part of the east asia summit. we have worked to make that organization the leading form for dealing with political and security challenges, including maritime security. and we're guided by the shared vision of the region we put forward at sunny lands. respect for human rights. ensure a region where all nations play by the same rules. that's a vision we advanced here. we're stepping up efforts to increase trade and investment. as i announced this year, u.s. connect. we're doing more to connect businesses and investors to shart new ventures together. more to connect or entrepreneurs. encouraging innovation. more to connect clean energy projects as we pursue a low carbon future. all of which will reinforce the regions continued integration. given that for asian, i reiterated i'm determined to do everything i can to approve tpp before i leave office. with regard to security, our nations reaffirmed commitment to a regional order where international rules and norms are upheld. where agreements are resolved peacefully. t

welcome to "daybreak asia." let's get straight to the market here in the asia-pacific, where australia is coming online. the asx, here's what we are looking at the moment, pretty much flat at the moment. the aussie dollar ahead of the up just 0.1%. .7594. the rba is not expected to move interest rates. the nikkei is opening in a couple of -- is opening, in the first couple minutes of trade or so, down about 0.1%. the yen holding steady at 103. not a lot of direction, with the u.s. markets closed for labor day. we are seeing that not moving much when it comes to dollar-yen. in korea the kospi also just underway, dan 0.1%, tracking marginal losses -- down 0.1%, tracking marginal losses around the region. the won looking flat, in fact unchanged. brent is looking like this, up 1.7%. we had a pretty wild session of almost 5%surge on speculation saudi arabia and russia would agree on an output freeze. we have not had details on that. the dollar has weakened against most of its major peers after underwhelming nonfarm p

you are watching "daybreak asia ." i am betty liu in new york. yvonne: i am yvonne man in hong kong. is beingipping targeted by the world's top container line. it will stop ordering new vessels and will switch to buying from rivals. hanjin has filed for bankruptcy protection. sunday merchants is in a -- debtai merchant's and a restructuring program. debtrchants is in a reduction program. investors, perry said his style of working is no fund'svalid over the first two decades. his fund lost more than half of its assets in the past year. net life is offering an early retirement package. -- who are have 45 years or older -- the nikkei news says almost 5000 people are eligible. consolidating to counter the pressure from the bond yields. anchor: a quick reminder on how things ended up on wall street. we did see those declines, of nervous here, a little negative. you can see the dow down 100. that is quite a big falsity volatility wethat saw last week. investors are bracing for a heated presidential debate as well as dealing

attractionther added that asia has to offer. we are seeing valuations in asia. there is still room for asia to move up to fair value. allies -- roi's are at an inflection point. we are anticipating the cyclical upswing in earnings. angie: that is only a investors are confident enough to take on risk. place likeafe haven the u.s. any dollar. that is definitely -- medha: that is definitely a risk of emerging maggots face. we think the extreme panic is unlikely to play out in asia. we have different stories. if you look at indonesia and the have beens, there good leadership changes relative to what you are seeing. the tax and, amnesty is definitely supporting the property sector. see countries with different levels of growth drives. stock market should play catch-up in the second half. anna: tell us more about your strategy for india. a catalyst to send that market higher? india is trading at 18 times, the same level as 2014. what has changed is the macro picture in india looks more positive. this is underpinned by the government's reforms. near-term catalysts, we

if you look at world container indices, asia europe, asia u.s., that has picked up, not asia mediterranean. good news for carriers. they can go back to some of their contractor rates with some of their customers, charge a little bit of a premium, and that is something that can happen with this debacle. angie: the consternation has already begun among retailers expecting stock ahead of the christmas season. already has been quite serious on the supply chain. >> yes, of course. hanjin ships are likely to be off schedule. that is a given fact. the ports and other ancillary services are likely to ask for bank guarantees to offload their goods. that will delay cargo shipments for shippers. 'smember, it's not just hanjin phone cargo. it is carry cargo of its alliance partners. for will now be scrambling places on their ships, and that's going to put some pressure on margins. angie: all right. live for us. thank you so much with the latest on hanjin. china is reiterating that it sees no justification for continuous yuan depreciation following talks between xi jinping and president obama. with whe

what is obama's legacy in the asia-pacific? as he bids farewell to this part of the world, will you go down to that pivot that we talked about? a lot of people said it won't make a difference, it's just bluster. >> is legacy here would be closer relations with south east asia. some say under obama, the u.s. has a seen the most sustained engagement with the region since the vietnam war. laos is the smallest nation, obama's finalists -- final stop of his asia trip as president. that underlies the importance of the nation to the administration. rishaad: more on that story later on the program. we want your opinion. do tweet us your thoughts. at the end of an era when it comes to australia. we go to glenn stevens hosting his final policy meeting. everyone expects the bank to leave the cash rate unchanged at a record low. paul allen is in sydney. we can inflation, underemployment, no changes expected. the last time us joy was in jason donovan was number one in the u.k. back.s all come flooding thank you for that. a whole generation

you are watching "daybreak asia" . in hongi am yvonne man kong. falling to more than a three-year low, beijing's toasury holdings declined $1.2 trillion in july, a drop of $22 billion on month. official chinese data suggest fx reserves were little changed. takata aiming to shortlist buyers. the company could itself of for sale as it deals with the biggest ever safety recall. kkr is said to be among the suitors, as well as the carlyle group. it comes as general motors looks to delay the recall of one million vehicles fitted akata airbags. they are saying certain designated models are less risky than those linked to death and injuries. will continue to conduct a long-term study. the week ahead will be the busy one for central banks. looking for clues ahead of the latest fed and boj decisions. let's look at the key events i had this week. good to see you. we see a slight majority expecting the boj might do something this week, but should they be waiting for the fed? >> no, the fed is probably going to wait until the end of the year. that gives the bo

bloomberg.com/asia, a good read. find out why hamburger prices are a cause of concern for bank inflationand the targets. up next, our next guest saying volatility is here to stay in the near term. we get the outlook from deutsche bank asset management. ♪ rishaad: right. let's have a check of the business flash headlines. china resources here considering an offer for sab miller's assets. they are speaking to potential advisors with the process to begin next month. inbev is the vesting assets. some notesalling seven smartphones and china despite having said none of the phones sold their carry the faulty battery that can overheating catch fire. 8 phones have been called back, a tiny number and such a market. recalling 2.5 million phones from other markets, mainly korea and the united states. orders for the iphone seven are up. says it sees demand above last year's level. been business as usual for iphone upgrade rates. to the flagship device to end two quarters of sales declines. back to markets and see what we have a

steph curry is touring asia and sara is there. she joins us from taipei taiwan with some of the interview. >> reporter: one of the reasons we came here is because we're calling it is new front line for the sneaker world. that is asia. it will nba is the stop selling league. we talked to kevin plank the crow of under armour about what makes it a major opportunity from a consumer standpoint, that is basketball in china. listen to what he said. >> it's relevant. the consumer is behind it and the government is behind it. it's a low entry. it's unique. there's a difference between the way the basketball is played in the west and played in china. you've got a billion people finding fitness and finding athleticism. here it's about expansion. i think basketball remains a massive opportunity. it's over 300 million chinese play the sport of basketball or fans of basketball. if you can crack the code on china, it's a massive step forward. it's one you see from the under armour brand you'll feel positive about. >> you're throwing out numbers

he spent a good part of his career in asia where he led hannah -- pan asia insurer. collapsed, the company survived with him at the helm. then, he has improved the company's cash flow and strengthen the balance sheet. mark, thank you so much. i'm looking forward to hearing your story. you have been in business for such a long time. what was the most stressful? doesn't seem like a long time. one that really sticks out was the day aig collapsed. you wake up in the morning and outside the window, cameras in , every branch we had around asia, you realize when you have not been to bed that night, there were a few issues going on. that is what sticks in the mind. regulators, governments, customers, what do you do? you do?: what did you were in early morning and realized this was happening. who is the first person you call? >> the first people you call her the people you trust on your team. to find out everything you are doing. all of the fans have been running in business. there is a british prime minister in the 50's or 60's, you remember him of course. someone asked him

asset classes over in asia. asia-pacific down .3% on msci. the broader ager measured down -- 486 --day -- 46 weakness coming through in the japanese currency against the u.s. dollar. that is failing to lift japanese exporters, because japanese equities stressing about what the boj is going to do. manus: let's have a look at the bond market. we have third-year government -- 30 year government bond markets in the u.s. 2.13 -- the previous 10 was 2.310. german government bond yield back in the positive territory could all of this money that is rushed in, the question is will it stay? bank of japan and the fed next week. week, theesk next bank of japan -- next week, the japan is going to look at more negative rates. can that steepening continue? anna: let's get to the bloomberg first word news with haidi lun. >> the billionaire considers the russian leader a role model. was an attack on the republican nominees fitness to be president. eight weeks from election day, democrats are feeling queasy about hillary clinton's narrowing lead over donald tr

the bank was launched by china last year to help build infrastructure in asia. britain and some of asia's developing economies are among the bank's 57 current numbers. the united states and japan have stayed out. they'ree waiting to see if the aiib meets standards. new members will be formally admitted by the beginning of next year. the larger membership will overtake the adb which has 67 countries and territories. >>> nearly six months have passed since japan's electricity retail market was liberalized in april. to end the monopoly of major electricity companies that continued for almost 60 years. in an effort to spur competition among retailers. people have previously been able to buy from one of the ten companies. now they can choose their own provider. 150 are listed as retailers. many people are in a wait and see mood. 2.6% of households have applied to switch retailers as of the end of august. >> translator: it's unclear how much money i'd be able to save. >> translator: it's just too much trouble. >> for more on this, ai yuichi asked why consumers are swi

you're watching asia edge. pharmaceutical group is said to be gearing up for an ipo in hong kong and could raise as much as $2 billion. how much do we know so far? >> well, we're hearing this from sources that have called blab confidentially that china's second larmingest drug maker by revenue may make a public offering as early as next week. this is if it is given the green light by the hong kong stock exchange. e are being told china resources pharma could raise as much as $1.5 to $2 billion by going public. such an ipo could become one of the world's largest this year. it is not quite as big as the potential $8 billion sale some in the markets say the bank of china is reviewing but should certainly make waves. it also comes hot on the heels of the recent rally in the hang seng index. this graph shows the hang seng, the orange line. it has out performed the world index, the white line, over the course of 26 days. in fact, it is one of the best performing stock indexes globally over the past three months. hong

projection, south asia and developing asia -- we are projecting to grow at 6.9%. and 7.3% next year. that will be supported by strong growth in india and an improved outlook in bangladesh and pakistan. asia.ne of course, east we increase our productions by 0.1% this year. then the account of growth upgrade in china. and then southeast asia. i think that performs any more mixed way. -- in a more mixed way. the account of a strong public investment in infrastructure. growth for malaysia -- >> much of this presupposes conditions to remain the same. what if the fed does rate hikes a little more steeply than expected? what are the headwinds? what are the risk of outflows? >> we see a number of risks. we believe they are tight to the downside. expect theis we can recovery in other countries -- the issue depends on exports, growth. the second is change in monetary policy. we believe that change in monetary policy has already affected the markets. host: thank you, we have run out of time. the adb deputy chief economist. a lot more coming up. this is bloomberg. ♪ >> trad

exports to the asia pacific by 50%. our young leaders initiative is helping for than 100,000 young men and women across this region start new companies and ventures so we're connecting entrepreneurs and investors and businesses in america and in asian with each other. and thanks to our sustained leadership, 12 of our nations have come together in the transpacific partnership to establish the rules of trade for nearly 40% of the global economy. we have also stood with citizens on behalf of of democracy and human rights. we have expanded our support for civil society groups and open government. we saw another democratic election and transition in indonesia. and as the first u.s. president to visit myanmar, i'm proud the united states is now supporting a historic transition toward democracy and i look forward to welcoming state counselor to the white house next week as we stand with the people of myanmar and their journey towards pluralism and peace. alongside all these efforts we have worked to build a constructive relati

there is an impact on asia. our asian strategy aligned with our china strategy is simple, about being disruptive. about the digital play, about doing distribution fundamentally differently, we have a great bread in places like china. about a 10% name recall which is extraordinary in that market. we are about being disruptive. we have the brand, the system, the people, and we want to be disruptive with some of the established players, you have more to protect. francine: are you worried about radiation in china that hurts the insurance company? mark: you have to embrace it and for companies like us based in the uk, the uk has conservative regulations and increased regulation in asia is inevitable. i see that as an opportunity for us as a threat because we are used to working in tighter regulatory environments and i think the chinese regulators have done a good job and they are modernizing their industry long-term i am a china bull. francine: the regulator you get along with most? mark: i will not pick out one. i l

lauren: all up arrows in asia. hang seng up half of one percent and kospi gaining a third of one percent. nicole: german factory orders were disappointing. mix bag here in europe. the crack quarante in france up a quarter of one percent and the german dax up one-third of one percent. lauren: u.s. stock market futures looking like this this morning. dow 26 points and nasdaq futures taking on 6. nicole: let's talk about some sort of freeze, gold gain 7 and a half dollars at 13.34 a troy ounce. lauren: germany's bayer raiseed price on monsanto. bayer will pay up from 125. this offers monsanto at $65 billion including debt. bayer is taking a close look at monsanto's book. nicole: apple unveils new iphone tomorrow but maybe with less than fanfare tomorrow. the report says they won't likely have new ground features, apple plans new radical changes for the iphone-'s tenth anniversary. iphone 7 is expected to look like 6 and closed on friday at 107.73 a share. more than one report says iphone headphone jack will be replace

liveis "daybreak asia" from bloomberg's asian headquarters in hong kong. let's look at how things are shaping up. new zealand, training flat. the kiwi dollar looking like this. we are counting down to the open's in australia, japan, and korea. a turnaround in most commodities in the last session. gold and oil bouncing. we have a big week for australian stocks. from glenndecision stevens at the rba before second-quarter gdp. they are not expected to move off rates at a record low of 1.5%. the previous quote on the asx 200 down, the aussie dollar looking like this. this is how japan is looking. , akei futures looking flat little upside at the moment. hhighs,off its intraday .10% there. a public holiday in india, no trading in that market today. g 20 winding, the down in china, world leaders warned of a populist backlash against trade threatening the fragile global recovery. good to have you. tell us about these warning shots that are being fired. good morning. makers are growing increasingly concerned about the protectionist mood around the world, and that e

yes, the japs were turning asia into a slaughterhouse, but for us asia was still far away. in september, 1937, the gallup poll asked us, "in the present fight between japan and china, are your sympathies with either side?" we answered -- with china, 43%, with japan, 2%, undecided, 55%. we hadn't made up our minds about china. our neutrality act barred sales of armaments only to nations at war. the japanese had not declared war, so we went right on selling scrap iron and aviation gasoline to japan. in march, 1938, hitler had not declared war either, but his goose-stepping army suddenly smashed in and occupied all the soil of austria. six months later, hitler and his stooge met the anxious democracies at munich. hitler promised peace in our time, if britain and france would give him that part of czechoslovakia known as the sudetenland. britain and france gave him that part of czechoslovakia, hoping to avert war. now we had his word, peace in our time. at home we began to hear strange headlines. newspaper man: extra! extra! fbi captures german agent. read all about it! nazi sp

so we gotta focus on asia. he's a child of the pacific anyway, he's not, he has no romance about europe, no romance about the cross-atlantic relationship, he's a guy, he's pacific oriented. so asia is the future and we need to spend much more time on that. and there are challenges there too, the rise of china is a much more serious problem to him than the rise of isis. - but you perceive that to be all things in legitimate as a principle? - you know i say and you know, and they were clever, they brought me on their last trip to asia. and you know when you realize just as an example that all of the gulf countries combined, you add the populations of all the persian gulf countries, they're half the population of vietnam, which is a relatively small asian country. - in the realm of asian countries. - vietnam is bigger than germany, right. so if you're looking at raw numbers and raw economic potential, asia is the place. so latin america and africa, places that we should pay more attention do but don't. europe, a p

exports to the asia pacific by 50%. our young leaders initiative is helping for than 100,000 young men and women across this region start new companies and ventures so we're connecting entrepreneurs and investors and businesses in america and in asian with each other. and thanks to our sustained leadership, 12 of our nations have come together in the transpacific partnership to establish the rules of trade for nearly 40% of the global economy. we have also stood with citizens about democracy and human rights. we have expanded our support for civil society groups and open government. we saw another democratic election and transition in indonesia. and as the first u.s. president to visit myanmar, i'm proud the united states is now supporting a historic transition toward democracy. and i look forward to welcoming the state counselor to the white house next week as we stand with the people of myanmar and their journey towards pluralism and peace. alongside all these efforts, we have worked to build a constructive relationsh

this is "asia edge". ♪ angie: i am angie lau. the top stories, a rare meeting, the leaders of china and japan to hold their first one to one talks in more than a year. president obama prepares for his last asian summit as the leader of the united states. he is heading to laos. waters, hanjin sinks and trade with a vessel stranded around the world. also, the final countdown, hong kong tallies the last ballots in iquitos for relations with beijing. i am keeping my eye on the markets. the list august i can remember, september has so far delivered. you are looking at the best day in weeks for asia-pacific. where extending what we saw on wall street and europe. is not disappointing. we are looking at the best day for gains, south korea, singapore, in about a month. japan on a lunch break. i will flesh out some of these lines from the central bank governor there. gold mining stocks leading the way frustrated, the best day in seven weeks. hang seng up to the highest level since august 15 last year.

. ♪ >>> the island of cebu in the central philippines is home of some of the best beach resorts in asia, attracting more than 3 million tourists each year. ♪ cebu city, located in the middle of the island is the second largest city in the philippines, following manila, the capital. english-language schools have been opening all over cebu city. at present, there are more than 200. they range from schools with only a handful of students to schools with thousands. ♪ the majority of the students are young people from asia. last year alone the number coming to cebu to study english grew to 150,000, with the figure rising every year. cebu city's largest english school sits in a district of government offices. smeag global education opened two years ago, through a joint investment between south korean and japanese firms. it has three buildings in the city, accommodating about 1,000 students in total. ♪ all the students stay in dormitories. there are cafeterias, stores and other facilities for students to enjoy, so they don't really need to leave the campus. there is also a movie theater,

this was president obama's final trip to asia. he has visited this region more than any other american leader and has made the pivot to asia cornerstone of the u.s. foreign policy here. but in recent years he has had to contend with the rise of china in the region. how the struggle between the united states and china plays out will be a key test of president obama's legacy in asia. katty: tetris -- it is perhaps the world's most popular and addictive video game. it has been played in space and even has a spot at one of new york's most prominent art museums. few of us who have worked feverishly to make the blocks line up probably know about the soviet programmer that developed it and the fight to bring the game to a mass market. it is all revealed in the new book "the tetris effect." tetris comes to europe and north america in 1987. not a lot gets out of the soviet union before the wall comes down. how did it managed to get to that market? >> it is amazing that it did. it was an early viral hit before there was any kind of consumer

. >> in this case, i think it's a concern in the we can see good deal of cargo, about 5% of the asia to u.s. trade, that cargo could be frozen for a period of time. >> reporter: it's the world's seventh largest container shipping line. since filing for bankruptcy, the ships in limbo. stalled from china to california, as ports refuse to handle containers for fear costs not recouped and workers won't be paid. on tuesday, bankruptcy judge in newark, new jersey, granted a temporary order so vessels dock at u.s. ports without fear of seizing asets. something that's happened in r countries. they will be back in court on friday. but that doesn't guarantee cargo will actually make it on shore. let alone be transported by truckers and railways to the final destination. according to court filings, hp has computers on ships and samsung said they may be chartering planes to move the products. there's the gridlock of west coast ports last year. >> we will have disruptions here i think over a course of a few weeks. it should not stretch over a matter of a few months and most likely contained from

a fairly mixed picture come through in asia. the european equity markets hoping they will be stronger. point --actly the exactly. that anted out very well lot of these markets were closed yesterday. a little bit of recovery -- anna: i wished -- i wish we could hear more of what david is saying. david, thank you very much. he would've been giving us an update on markets. pity mixed -- pretty mixed because some markets in asia were closed on the previous day. the chances of a u.s. rate hike this month have fallen to just 22% after that dovish speech from fed governor yesterday. in the last speech from a fed official before next week's meeting, he urged patience setting gradual progress. -- citing gradual progress. quips -- >> councils prudence and accommodations. this approach has served as well helping to support continued gains in employment and progress on inflation. anna: jpmorgan's ceo jamie dimon says now is the time for a hike. >> it is time to raise rates. normality is a good thing, not a bad thing. in the economy going on

asia. the fall of the pound after the increase demand for scotch and even more and that is your business flash update. the takeover of st. louis-based fire -- by german german bayer is getting the attention of regulators around the world. the merger caps a way of consolidation across agriculture. monsanto past ceo -- month santos ceo -- monsanto's ceo spoke with bloomberg. grant: the combination of the two companies unlocks the potential going forward. i think this is a great deal. david: he shares insight on consolidation in the industry. secretary vilsack is the longest-serving cabinet member in the obama administration and joins us now. let me ask you about some of the concerns that have come up as a result of this merger and others, that this space, the seed space, the fertilizer space , is getting too small. secretary vilsack: if you look at what happens when commodities get tight and margins get deuce, used consolidation at the farm and in terms of his mrs. serving the farm. underlyin

asia basically extending on friday. up, money on the way is coming back into asia and we are seeing a lot of highly cyclical sectors. ,inancials and mining stocks rising substantially. i want to talk more about the hang seng index. the mostck to overbought levels going back to the rally we saw in 2015. this is the index. , roughly atrsi about 76 at the moment. back then, it hit 89. anything above 70 is considered overbought. this has taken all come to the highest levels within 13-14 months. let me wrap up with the japanese yen. the boj governor talked about that he did not believe that there are limits to monetary policy. they cantalk about -- take them further into the negative. in my columns of a bit of an impact for some parts the see someut they do advantages from taking rates further below zero. later in the show, billion dollars fix, this handsome recall of calix a note seven phones. coming up next, does oil market stability have any effect? ♪ yousef: welcome back. angie: we have some breaking news. mdd releasin

it is all and the red at the open and asia. the asx 200 down 1% after gaining for two consecutive sessions. falling, down almost 1% as well. the nikkei losing 1.6%. we had some industrial data out of japan showing that industrial output rose 1.5% month on month in august. that beat as to men's. not to mention the boj statement toing that the boj will try look at the yield curve control at every meeting they have. still, japan consumer prices fell for a sixth consecutive month. all sectors in the red right now. financials leading declines, falling more than 1%, 2.4%. this is despite the fact that the yen has been weakening. it has seen its longest losing streak in almost a month there, losing ground now for a fourth consecutive session. we had some boost for the yen after we heard that news from the financial sector in the u.s., concerns over deutsche demand for safe havens, but now weakening slightly and continuing the downward trend. also that day to jump out of japan. we are taking a look through these numbers. inflation stil

low.om the market ♪ dollar wipeout, this week's equity slump continues in asia. brexit, the bank of england is set to release the latest date of the economy, amid reports it is holding up better than expected. campaign health check hillary clinton, releases details from her medical exam, while donald trump takes to daytime tv to discuss his physical condition. ♪ anna: a very warm welcome to countdown. i am anna edwards. manus: and i am

after president obama wrapped up trip to asia. the presidential campaign focuses on security issues, donald trump defending his statement that is he was publicly opposed to the iraq war before it started. hillary clinton says that just isn't true. problems continue for samsung over galaxy note 7 smartphone recall because of exploding lithium batteries. faa are telling passengers not to turn them on and not to charge them on board planes, also don't put them on checked baggage. ahead of the opening bell. dow futures given 31 points. s&p down 2 and a half, that's a look at what's happening now. nicole: thanks, lawyeren. professor joins us by telephone, professor of political science, author of north korea and regional security in the kim jong un era. we welcome you this morning, your thoughts and the timing of this test and what was unique about the test in particular? >> well, first of all, thank you for having me and i think as everyone can figure out pretty easily, a lot of this was timed with the g-20 talks. but the things that

talk about the juicy ones here in asia. it is all about high yielding currencies, or is there more to it? >> i think there is more to it. , would you going to do throw them into negative rates? that doesn't sound attractive. so we like the low yielding surplus countries, but also the high-yielding current account deficit countries of india and indonesia. we have this barbell approach. turkeying in europe with hungary. hungry -- sherri: something not very juicy is the sterling. >> i can offer you a big current account deficit, fiscal account problems, andical a big round doughnut. how many of those you want to buy? sterling is a core short currency. we think it's going down. also?: chinese yuan >> this currency will weaken a bit. is that a surprise to anyone? sherri: how much depreciation? 690. the end of next year, this year, 680. you get all those crazy ideas there will be this big depreciation. we give them the yellow card. this is a slow and orderly weakening of a currency, and wheat will think it will get less week than

it has realize that all the growth is in asia. it is looking at more than a dozen new routes and china, japan, and south korea, and it as itot need this a380 once did. it is a four engine airline purpose held to do long haul legs to huge airports. if you are malaysian air, you can satisfy customer demand by flying short-term routes in asia, and that is a story we have seen other airlines copy as well. qantas has done the same, looking at deferring its 80's to focus on asian routes. around the region, airlines are looking at economic twin engine jets. this has serious implications for the airbus project as a whole, doesn't it? they have not sold in the in the last three years -- they have not sold any significant orders in the last three years. >> that's right. the significance of malaysian air selling its six aircraft is that it could be the first airline to stop running the a38 0, a plane that has been suffering from slow sales and first came into service in 2007. in 2018, airbus will cut production to one per month, a reduction

in asia, china making big strides in renewables. interested inare asia, what would you need to see to stoke that fire? >> first of all, i cap talk about individual acquisitions or anything like that. we are u.s.-based with assets in the u k, canada, and a legacy investment in the philippines. and a minimum, we would need to forhigher returns on equity a non-us investment just from a risk management, a political management, point of view given the fact we are u.s. centric. that would be a general comment. angie: finally, renewables, will it ultimately this place fossil feels? >> we will have to see. this election could be rather telling. a president clinton will continue the years before that of growth. by the way, president bush as goingor of texas got wind in texas, and texas is the largest wind provider in the u.s., so we have a long tradition in the u.s. a president trump has publicly expressed different views and even outright hostility towards president trump, we might see different policies, but remember you have the federal p