submitting daily stories, but living in china and writing about china. i've asked the speakers -- i've actually encouraged the speakers to disagree with each other. because that's what makes a panel fun. let's see if y'all follow through on that. what we're going to do in the next half hour, we're going to look at the general picture, and then we'll look at risks, investment potential, and of of course, although this is about china/latin america, we're here in washington, so we'll look at the u.s. implications of renminbi internationalization as it pertains to latin america. let's get started with you barbara. you've done a lot of excellent work on chinese fdi and latin america. do you see it reshaping the investment picture across the region in the short to medium term? this is a tough question. are there implications really still so much unknown that it won't be clear for years to come of what the real impact is? >> thanks for such a narrow and specific question. >> it's a great way to start off a panel. >> it is. actually you've given meedette it to s

exports to china did less than 1%. groupad of the swatch seeing chinae been growth potential. they are not alone, because there are other luxury watchmaker's that still see growth in asia despite the slowdown in china. rishaad: let's get over to shanghai. thank you for joining us. onhad seen this crackdown conspicuous consumption take place in china. are you seeing that coming to an end, and how is the man holding up for you? been building operations in china. we are here in shanghai to open our 25th store in the world. our business in mainland china is continuing to grow. chineser concern is the travelers, trying to define their next destination. this is the important challenge for the year to come. 45% of your business comes from chinese consumers, including tourists. it has been a hard slog with the down,evaluation, the slow the brexit concerns now rising, what are the risks and how resilient is the business? >> basically we have been faced the last couple of years with major changes, currency volatility, growing local markets. i was recently in london, and the brexit, at t

described as china's angelina >> it feels as if the movie industry here in china is getting more and more like hollywood. >> the speed of the development, you can't imagine. even for us. >> reporter: it is changing so quickly. >> so quickly. you don't even receive act. it already changed. into a multibillion dollar industry. chinese studios, produce over 600 features a year. action movies. sci-fi. thrillers. behind them is a group of pioneering movie moguls. like dennis wang. he once worked as a chinese food delivery man in new york. and is now chairman of the largest studios in the country. the movie business has made him a billionaire. a capitalist with chinese characteristics. last year he spent $30 million other homes. so that is the picasso. and you bought it from the, the goldwyn family who owned the mgm studios in hollywood. so not so much a passing of the torch, it is a passing of the picasso. the biggest prize isn't picassos. but hollywood itself. this year, a chinese company, purchased a hollywood studio for $3.5 billion. others multimovie production deals with american com

china. >> reporter: what's the worst-case scenario. >> the worst-case scenario is that china does not act with patience with regard to those territorial disputes in the south china sea. am some inadvertent incident, ships banging one another, aircraft hitting one another, all of which have happened in the region. >> reporter: so when we see these reports of chinese jets buzzing american aircraft, we should be very concerned. >> i am personally very concerned. because it doesn't take much, it doesn't take much human error to turn that excess of emotion, all right, into an international incident. >> reporter: what's the best case in. >> we're talking about an increased american presence in the island chain that surrounds china. what that is from my point of view is making it more difficult for anyone to do something stupid in three, five, or ten years, in trying to convince themselves that a military option is actually a useful thing. >> reporter: is america paying enough attention to china? >> the single most important issue we have is the sign of an american relationship. day to day i

let's pick up on china here. the concern is that you have the property market curves, you have a possible curve on infrastructure investment, and whether not we will see the liquidity continue through the second part of the year is a question, and it's reflecting your concerns as well. >> i think we heard it on the tape there, a lot of foreign investors have been bearish on china and now is the time when they need to pay more attention to these things happening there. they are saying they are not concerned. the crackdown in the china , but the china property market is ordered percent of their gdp. it is representative a lot of the growth. falling, the are currency is starting to devalue. prices,are pushing up the elasticity is not there on the other side, some people are not prepared to pay higher prices. it depends on which city. >> in terms of the property tiert, it depends on which you're talking about. from talking to guess this teiier isome think that still on a tear. >> that means they will have to crack do

that's on the plus side for china. on the minus side for china it is very hard to be attractive if you have territorial disputes with your neighbors. and china has territorial disputes with most of its neighbors. so in an era of nationalism, aaib but s from the loses from its assertion over territories which are claimed as sovereign territories of its neighbors. rishaad: judging on that point, we've got him heading there, too, heading to china announcing his separation from the united states economically speaking and other ways, too. and pivoting if you will toward china and toward russia. what's he up to? professor nye: well, we'll have to see. some people have said he is the philippines' version of donald trump. he often says things that are fairly outrageous. but we don't know where it's going to turn out in the end. i think the -- it's too soon to judge. if you look at public opinion polls, the united states remains very popular in the philippines. and it wouldn't be too surprising if what he is trying to do is pla

next year, what would you like to see from china? >> you have to give the authorities a lot of credit. a number of reforms they have ,nnounced has shown progress but it really comes down to the execution, the implementation, so as you rightly point out, the first sign of trouble, they tend to take a backward step and maintain short-term stability rather than focus on the longer-term issues. we would like to see greater execution of the reform policies they have in place, but also would like to see a strengthening of the fundamentals of the financial sector rather than the glossing over that we have in sing in recent years. yeah, certainly, great to have you on with us with those insights. next, we are taking a look at snapchat, seeking to raise $4 billion. this is bloomberg. ♪ haidi: some breaking news from samsung, shareholders have approved a new member to the board. we will get you more details of that becomes available. they are aiming to raise $4 billion and its planned share sale for snapchat. su keenan has more. su: the snap

on the campaign trail. >> china is a currency manipulator. >> one of the biggest problems with china is the illegal dumping of steel and aluminum into our markets. >> reporter: we took the masks to the streets of beijing to get people's reactions. some recognized them instantly. >> trump and clinton. >> others not so much? >> i would have recognized obama, he is handsome said this woman. while a majority of the chinese support a clinton presidency. this man is backing trump. he is a bit crazy, he said. but i support him because she has better ideas and logic. >> reporter: for forbes, a trump loss would be good business. >> so you want him to run again? >> run again in four years. good for us. yeah, of course. so next time. >> reporter: and a second opportunity to scare up some votes. adriana diaz, cbs news, china. >>> that's the "overnight news" for this monday. for some of you, the news continues. for others, check back with us a little later for the morning news and cbs this morning. from the broadcast center in new york city, i'm elaine quijano. >>> welcome to the "overnight news.

china mobile build a nationwide network for 4g, luring subscribers away, and china unicom had to scramble and build out its 4g network, so it is spending heavily to keep up and save subscribers. yahoo! noted that it is still adding mobile subscribers. will that eventually pay off? >> yes, it will. this is the thing about 4g. it is a fast enough technology that users are encouraged to rack up the data points. they are streaming video, music on their phones. to telcos to add to revenues, so once that network is health, you get more heavy use subscribers on your network, then the average revenue per user can start rising, so these investments will pay off for them. roller factor is they their tower assets into a separate company that they share ownership of all three big providers did that in china. that company is generating revenue, and some would flow the feeswners, but they have to pay to that tower company are hurting earnings, so those investments will pay off eventually, but at the time it is hurting their profit. haidi: thank you so much for that. rishaad: it doesn't seem for an inve

china. >> what's the worst case scenario for >> worst case scenario china does not react with patience to territorial dispultdisputes. inadvertent, ships banging one another, air flights. >> when we see the report of chinese jets buzzing american aircraft, we should be concerned? >> i am personally very concerned. doesn't take much human air railroad to turn that excess of emotion, all right, into an >> talking about an increased american presence in the island chain that, that surround china. what that is from my point of view, is making it more difficult for any one to do something stupid. in three, five, or ten years. in trying to convince themselves that a military option is actually a useful thing. >> is america paying enough attention to china? >> the single most important issue we have relationship. day by day doesn't look like the most urgent. it is the most important. >> here is where the candidates stand. hillary clinton vowed to curb china's military expansion, support u.s. allies pushing back against beijing's land grabs, and confront china about its unfair trade practices.

but living in china and writing about china. so i asked the speakers. i actually encouraged the speakers to the disagree with each other. that's what makes the panel fun. let's see if you all follow through on that. what we are going to do in the next half hour, we are going to look at the general picture and risks, investment potential. and of course although this is about klein that/latin america, we will look at the u.s. implications of renminbi as it relates to latin america. barbara, you have done a lot of work on fdi latin america/china. do you see rmb reshaping the investment picture across the region in the short to the medium term? this is a tough question. are the implications really still so much unknown that it won't be clear for years to come on what the real impact is? >> thanks for such a narrow and specific question, jason. i appreciate that. you have given me -- well, we really don't know. >> i'm not going to let you get away with that. >> i probably should stipulate that although on my bioi represent the world bank. i'm probably here m

anna: pbi comes out of china. -- ppi comes out of china. increasing after the king announcer 2: death -- kin g's death. we understand they want to repurchase shares. think the buyback story has been a big driver in the u.s.. trade again, sticking to form. let's take a look at bond markets. the u.s. treasury markets hit a four-month high yesterday. that has begun to turn around on the back of this potential shift in terms of global deflation. miranda was with us this morning. yields government bond 1.76%. the 10 year benchmarks could be something to keep an eye on. anna: she did not think that pickup would be sustainable. she said things -- it could be short-lived. let's go to first world news. 's president saidnnouncer 2: there was an argument for delaying a rate increase. he said he is worried about potential policies that would have distorted effects. this depends on the outcome of the vote. he did support a rate hike in september. she says that she will publicly draft the sod it -- scottish independence referendum bill. the bill does not

china. my guest today are andy anderson from the university of northern iowa, ling zhang at cornell college and david nordmann at coe college. i'm going to ask andy i met at the university of northern iowa's jepson symposium. each of the last two years he shared a dinner table with me, he was very kind to my students, and then he gave a marvelous talk last year about the chinese economy and the business relationships between the united states and china. tell us a little bit about how your interest in china developed and what you're going to bring to our conversation today. andy: thank you f introduction. i actually first went to china by pure chance. i'm from boone, iowa and studied at northern iowa for my undergraduat e degree in supply chain management. at the end of my degree, my adviser at the time encouraged me to take an internship in china in the international logistics department of a large chinese state-owned enterprise. i didn't speak a word of chinese, and i'd never been to china,

group of china's overseas land. haveials in gene on city been looking into a legal property sales. the ministry says they are fabricated and spread misleading information, disrupting market order. the overseas land pr section did not answer calls or e-mails when bloomberg tried to contact them outside wrigley business hours. deutsche bank is preparing to cut about 1000 jobs in germany. the losses will be part of the cost cuts announced last year. the lender is set to reach an agreement with labor representatives this week. the job cuts will mostly affect --kup -- back-office stack back-office staff, such as i.t. services. it is illuminating about 3000 full-time positions, including two point 5000 and it's commercials business. there are concerns about mounting legal costs, which touched a record low last month after the u.s. justice department asked for $14 billion to settle an investigation into mortgage backed securities, which is more than twice what you just hasn't aside from that more than twice what deutsche b

>> china has a number of problems. they are trying to control the domestic economy through the use of credit. if you're trying to do that, that gives you less room to maneuver on the currency. you can't do both realistically at the same time. china has been saying for some time that we are not just about the dollar. we export to europe, asia. we are more than the dollar. haidi: the basket. >> exactly. we don't know what the basket it is that the chinese are falling because it is a secret, but nevertheless there is an issue that when you get a stronger dollar against the euro, china has to manage that balance of currencies they are trading against. -- theone of your posts market is getting it wrong when it comes to populism. what are the lessons learned from the brexit vote as we go into november 8? big problem i think for financial markets because what we are finding now is globally over the last few years it has become very apparent that there is a group in society that has been left behind by economic growth over the

two issues to deal with, but china -- good china's january trump everything? it could come back on the risk issue.exports live . what we put together, anna, capital flight from china. #4242. 2015, that has abated somewhat. but the drop in the yuan the question we must ask, ourselves, this is portrayed data. six-year lows. the timing all adds up to a rather heady cocktail for the last three trading months of the year. anna: concern about chinese trade, global trade really moving around the markets today.next week we get gdp number from china. focus on that, didn't really take a 6.7% for third quarter in a row? some people pointing to the weakness in the chinese export to the u.k., and europe during the brexit conclusion. but you can find those all over the markets if you really search for them. let's have a look at the risk radar and bring you up to date come a asian equities under pressure. hong kong is a weak spot. concern about the trade. u.s. futures looking weak. and the minutes from the federal reserve reinforcing expectations we would see a rate hike in

one country left out of the global recall was china. the market was a huge hit for china. for more, i want to bring in a cory johnson and our asia tech managing editor joining us from tokyo. with me still is john lilly. it's been a unique situation in china. all notel applies to 7's around the world. what is unique about the way this has unfolded in china? guest: it is important to begin with the fact that china is them biggest smartphone market in the whirl and samsung has done well there. they are facing competition recently but they shipped a small amount at the beginning of reduction. not do a full-blown recall. they only took back some of the phones from the early batch ends of the early phones were safe because they were from a different manufacturer. now that they have discovered another round of problems with this phone, they have done a full-blown recall, but the initial decision not to go into full-blown recall in china has cost them some goodwill. they were bothered by being left out of the recall and that has fostered some ill will and they have lots of choices

we stay with china, china raises xi jinping, but what is that mean for stability? this is bloomberg. ♪ haidi: up next, the president of the new york stock exchange about this year's biggest ipo and whether it failed to deliver. ♪ 9:15 a.m. in singapore, a beautiful day in the lion city. again, not a lot of conviction in the market. a lot of investors trading ahead of what is expected to be volatility and risk with the u.s. elections. elsewhere, the aussie dollar slipping lower, but energy shares waiting on the afx. the nikkei 225 up by .6%. we do have a yen weakness for four straight days, and that is listing the outlook when it comes to exporters and their profitability. strong earnings from big players like nomura. by .25%. off the latest business flash taking a, anz bank charge against full-year profit, including a provision for job cuts. $75e is a further 7 million restructuring charge. it will release full-year results on november 3. twitter has confirmed it will cut 9% of the workforce and an effort to become profitable by next year. the decision was take

china's holdings are dropping. this begins to bring alarm bells, does it ring alarm else for fx intervention, what does that story tell you? peter: from our perspective we are not necessarily overly concerned. what you're saying is a gradual depreciation of the chinese currency any managed fashion and part of that goes hand-in-hand with what you're seeing in terms of growth efforts. anna: they are supporting the yuan but that is a stop it falling too fast. rapid if anyone expects a liberalization of the capital account in china, we do not -- we do not necessarily see that. if that work to the chinese currency would fall. anna: you do not sound too excited. you have to play it somehow. it is the world's second-largest economy. peter: when you get worried, it is something that you have not anticipated. we had a relatively sanguine view on china which was to say it is a potential problem and on a longer timeframe, that is beyond two to three years, there will be challenges but for today, and for what will happen over

we get the latest read on china inflation. we got that ppi number, showing contraction for 49 months. we are seeing a big improvement in that, not so negative. is this a sign that china is dealing with its problems of overcapacity and the inventory overhang? >> i think it is not easy to work out how much capacity restrictions have affected the ppi number, but certainly the big drops in commodity prices that we saw and the last 18 months, that has helped to improve the ppi number. been thatthing has generally pricing power in china has remained stable. very good news for the authorities, because china actually needed some inflation. rishaad: does it make you more attracted towards chinese equities? conditions are quite lose. we have been recommending chinese equities and think the authorities have done a backdoor qe and related the economy and the balance sheets of a lot of the state owned and state run companies have then reflate it and are showing dramatic improvements. haidi: just getting to the fixing. strengthening the mos

china is one of japan's largest exporters. giang nguyen reports. >> market reaction was rather muted on the china gdp figures. but analysts say investors were in line with the expectations. the nikkei 225 ended trade day higher by 0.2% closing at 16 16,998. the broader topix ended a touch higher. so relatively calm reaction t t the china data. but earnings prospects in japan provided a big boost. shares of sharp jumped more than 10%. that's after the company s saidt expects a significant improvement this fiscal year. and mitsubishi motor shares gained nearly 8% following the news they will appoint its ceo as chairman of mitsubishi. nissan plans to make a controlling stake in the automaker. many are waiting for the policy meeting on thursday. president mario draghi isn't expected to announce anything this time. i'm giang nguyen. >>> moving on to other markets in the asia pacific region. advance on china's steady growth figures. but financials drag down the index. hong kong's hank sang fell after tuesday's rally. the index slipp

. >> china's exports plunged last month. trey fell by $10 billion. >> and samsung is said to be phone inng a new february as it tries to recover from the note 7 debacle. across theclock a.m. emirates, 7:00 a.m. in istanbul. >> welcome to bloomberg markets: middle east. start, it really was all about the fed, but we have moved on to china after exports and imports figures came the market,plined then we saw brett across the screen. this conversation we are having globally is about the fed. how did it impact what you are seeing? angie, it is about the fed minutes. when he what happened, because it pushed the bloomberg dollar index to a seven-month high. i have prepared a chart to show you how the change in sentiment has been reflected in u.s. 10 year treasuries. you are looking at that fall in september now back to the highest level in four months, from below we saw earlier of 1.54%. those minutes showing that there are few signs of emerging inflationary pressure. also showing there is concern on continuing delay and it might c

of china, and yum went early. it went hard. they have a big presence and a global supply chain. they can go into tier two, three, four, five, six cities, and they can distribute and control the quality of the product that they sent to stores. huge compelling competitive advantage, and over time they're going to go from 7,500 to 20,000 restaurants as they deploy capital. they have a three or four year payback. phenomenal returns. my guess is it looks like this. it's volatile and up into the right. franchise company is a growing annuity that's much smoother. you can separate the two businesses and have a spin that makes each company better. china co can take its excess cash and it will generate a tremendous amount of free cash flow and reinvest in china to grow and whether it's kfc, pizza hut, or taco bell, open new restaurants, and yum franchise co, $30 billion company, has no use for cash. over time your earnings goes up. your denominator, your shares outstanding, what the earnings are shared over, go down. they p

tsai spoke at an event to mark the founding of the republic of china. >> translator: mainland china should face up to the fact that the republic of china and the people of taiwan have deep faith in democratic principles. leaders on both sides should use their wisdom and flexibility to aim for a win-win relationship. >> tsai said her china policy is to maintain the status quo, noting that taiwan has been recently excluded from some international meetings, she asserted the island will not succumb to pressure from china. she added taiwan will not revert to the old path of conflict and confrontation. tsai avoided mentioning the one china principle. china's taiwan affairs office released a statement in response. it said the one china principle represents the reality of the mainland's relationship with taiwan and is the cornerstone of their peaceful development together. the statement appeared to be pressing tsai to embrace the principle if she wants to restart dialogue. rescue teams are searching for survivors in eastern china where four residential buildings collapsed. they collapsed early mon

china in the north's main ally. in february, china's chief envoy on north korean affairs, wu dawei, visited pyongyang to discuss the nuclear and missile programs. u.n. security council members are holding talks behind closed doors about additional sanctions against north korea in response to its recent nuclear test. >>> the tokyo international film festival opens on tuesday and it kicked off with a trio of films about people migrating across asia. multi-award winning japanese director cure owe sawa chose to set his latest movie in malaysia. >> reporter: ukisawa shot his new movie entirely on the island of panan. it tells the story of michi, an elderly man, who leaves his company and family in japan to live the rest of his life on the island. his son suggested the move. he didn't think he could take care of his father anymore. he visits the old man once a month but never has anything kind to say. >> reporter: michi opens a cart only to pigeons. >> reporter: malaysia and other countries in the region have been encoura

we have not talked about demand, china, china is slowing. it is growing a lot more than the western countries, but what is demand like coming from china and india? >> it is boring. you look at demand growth since 2010, it is basically a flat line. that is the case. we have seen a slowdown in china. it is not growing at the same rate like 2009 and 2010, but there is not a story in demand and that underscores a broader issue facing that only the commodity markets but in terms of looking at the global economy. domestic demand is stable. what we have going on in these markets is an investment problem. >> what is the risk of a lot of these companies cutting back or even countries cutting back too much on investment? we don't consolidate so in 10 years, we see oil should backup. >> that is the core thesis when you look further out. you see you can get to that state, it is 2019 or 2020 because when you look at the overall increase in supplies coming from these projects, the sweet spot is 17 or 18 and they start to taper off at 19, the other factor

for china and the world. the ramifications are huge and that is why we are here to discuss this morning. let me introduce an excellent panel to talk about these issues. on my immediate left is doppler hanna from the faculty of law at hong kong university and co-author of this morning's report for latin america. on his left is an advanced professor of international at johns hopkins and also a distinct fellow at the dallas fed. on the far left is applied. clyde waddled from the heat on emerging markets strategist foreign exchange strategist. can i start with you? do they talk about the report. obviously huge ramifications in this internationalization. one of the arguments you make is the ramifications go well beyond treasury in central banking. perhaps you could spend a couple minutes outlining a thing in the global u.s. economy and china's economy. >> answer that and also thanks to the council for being here into my co-author on trade in the front row. i think one of the key points of both the report as well a

is china in a bubble? can the economy continue? mike: china is not in a bubble. the economy is slowing, but not slow. the components of the economy are changing rapidly from investment and old industrial and manufacturing to services and consumption. there are too many points raised yesterday and i was not here to discuss them and debate them in isolation. but what i would love to do is give both jim and kyle to come to our campus and sit down and we can help them understand some of the things they do not understand about china. emily: gdp is flat or dropping , yet you say that jack ma says consumers are still spending money. where is the disconnect? bank: -- mike: not understanding that when the economy slows, not all of the economy is slowing. parts of the economy in china are slowing, particularly the older industrial and manufacturing. the services and consumption components of the economy are growing rapidly. our business grew at almost 60% last quarter year on year, and that is because more people were consuming. that chinese consumer population on our plat

china is doing better than expected. you see rebounds in brazil and russia, and the gulf is definitely lagging behind. that said, there are always opportunities. this is ideal for mergers in my mind. it is not a severe stress scenario, it is just a slowdown. yousef: do you have a specific merger at the top of your list? a specific target. i think umb will be next for murder. -- merger. .t is trading half the price it is extremely attractive to constantly. could be, let's wait two years. it would take a year to do it, a year to integrated. two yearsly, it is that you can setback, but it would probably be preemptive the cap this company would be a powerhouse. it would be the biggest in the region with very low funding cost and could eat with everybody. angie: i want to ask you about aramco. this is a very closely watched ipo here. just what is the impact going to be for the region? guest: the impact is quite material. it makes a lot of differences for the indexes. seeou include aramco, you it will be more significant going

reviewing the takeover of aixtron by china. a negative surprise. it is unclear whether the german economy ministry has new insight which might've led to the reopening of the review. originally, they give the thumbs up back in september. also for carbon. the manufacturing of equipment could slump 15%. that is coming from -- the fourth quarter will be challenging. numbers will be below expectations. it seems as though is it is good amounts to a 10% cut in estimates. clear stocks to keep an eye on coming up at the market open watch out for what we have been talking about first of futures currently going to a higher side. what a bleak city of london. this is bloomberg. ♪ guy: good morning, you are watching "bloomberg markets: european open," caroline hyde's over in berlin. caroline is your morning brief. capital, mobilizing a at&t agrees to buy time warner, what is the biggest threat to the deal? the regulators of politicians. takeover this as the eu and canada trade deal up here , how much can protectionism hurt growth? the euro

it is not just china in that situation. chinese domestic capital markets, financial markets, property or anything else, are still pretty immature. they are volatile. you look at the divorce rate spiking on the back of -- [laughter] is still in the early stages of its development as a financial market. no one is pretending china is the same as the u.s., but the authorities recognize these issues. angie: they have also kind of come in and recognized the issue and tried to at least curb their addiction to cheap liquidity through stimulus, which did underpin the first half of the year. can we expect that to continue in the second half? >> i think the pessimist would say, look, all they've done is increased the credit in order to keep the economy moving. the optimist would say, look, that is the first stage. you've got to stabilize things before you move on to reforms. i suspect the reality is somewhere between the two. reform probably won't be as much as we like to see, but credit creation won't be as bad as the pessimists say.

and china is in the front lines. does it is one of the globe's leading producers of electronic equipment. p province has seen hugee changes.s. long submerged in poverty, it has now become a center for createdede-waste it hahas multimillion dollar businesesse. it has beeeen described as the world's electronic waste basket, with 80% of the people earning a living by ripping apart old electronics, espspecially old computers and mobile phones. >> nowadays, people get rid o of old phones all the time. announcer: h here is the directr of the largest internet search engine company. up i inimeses they end citieses where they are dismantd in unhealtlthy and unsafe ways that expose not only people whwo are dodoing the dismantling to dangerous chemicals, but it pollutes the air and ground modedern -- groundwater. announcer: with its extensive reach, this company has worked with united nations programs to come up wiwith an innovatation t could help reduce -- and prprove the e proper disposal of electronic waste. >> it t gives u

china has been talking about reform. turned it really has into action since g jinping came into power -- xi jinping. one more interview to go before rapid appeared. tracy: great stuff in singapore. that is it for this edition of bloomberg markets middle east. angie: anna: the final debate. hillary clinton and donald trump's bar while the republican nominee refuses to say he will accept the result if he loses. as policyhi and focus changes are on the table for december. watch the decision and news conference right here on bloomberg. there is no turning back. theresa may is set to tell her fellow european union leaders in brussels that the brexit boat must be honored. vote must be honored. ♪

there are multiple companies affiliated from china, china-related companies. everyone knows who they are. when you look at how long it has taken to get to this point and you look at the limitationings that have been placed, only one company has been designated when there are multiple companies of equal status and some are involved in more of these sorts of deals, it starts to look like we are not trying to do too much too soon. this notion of a standard of proof, if you are going to prosecute someone in federal court. from this perspective, this is not even a secret. the world knows who these companies are and quite frankly, they don't necessarily take great steps to try to hide it in many occasions, because the interest of the chinese government, ultimately, beyond anything else is stability in north korea. they don't want to see a regime collapse and millions of people poring over the border and a profit motive. we know who the companies are. there is no reason not to move faster. plenty of targets of opportunity and information out there about them. >> i re