exports to asia. when tropical storm harvey struck, propane prices rose. wednesday, a middle eastern producers said they were also raising prices. the u.s. is expected to export 28 million tons of propane and butane this year, half of which goes to asia. opec under investigation in the u.s. over allegations they paid bribes to resolve a dispute in nigeria. they are looking into claims the company funneled $100 million from its swiss units to new york and california. there was a division of royalties. china's hna group saw financing cost more than double in the year. its $45 million spending spree is having an effect. they have taken larger stakes in companies including deutsche bank. -- companies, including deutsche bank. growth earnings were unable to cover those costs. warren buffett is warning central banks to be very careful about how they back out of qe. the bank of england and others are looking to the end of stimulus. although the bank of japan remains on a different path. theett said winding o

a positive note in asia. pretty incredible that we can monthins of 200000 and given how tight the market is. we had a guest in the last hour who said it looks like it is short covering. in the dollar. we will have to see how the dollar trades this week to tell if we have seen a reversal in the declines in the dollar. if you are looking at the boards right now, we closed higher. the dow up 66 point. the s&p and nasdaq closing in the grain. president donald trump in the white house, absolutely 100% right away tweeted these numbers on friday saying "we have created one million jobs" since the president was elected. taking no time to take credit for the job gains. that is lifting some of the stocks in asia. yvonne: we have only just begun putting the carpenters who are about to break out into song. the dollar.jump in we did not see it move in chairs premarket, expectations for more tightening from the fed or another rate hike premarket. this could keep that year rally in asia going a little longer. let's look how

there is a group of leaders in the asia-pacific called the east asia summit. >> rose: right. and before president obama came into office the united states was not a part of that. this is the premier political and security forum in asia and the united states didn't have a seat at the table. the chinese, indians, japanese were there, all the southeast asian countries were there, even industrialias, america wasn't there. president obama, secretary clinton ended up putting us there. so we are now at the center of the major institutions in asia. that's one. two, we have, in fact, engaged in a foreshift in the terms of the amount of military posture we built up in asia as compared to the rest of the world. >> rose: to say what to china.

it has been spiking and volatility in asia this week. vix-stylelevels in currencies in asia. friday we will see when trading gets underway. japan closed today, said they do not get a chance to react until monday. betty: you have been looking at asia's booming bond market. why are china and the philippines missing this rally? it has been a very strong story for companies in asia, working in the u.s. currency. the noticeable absenteeism with thailand's in philippines tells you the story of how cfo's in those countries are still fresh in the memory of the crisis from the late 1990's, which was partly contributed to the fact that they had a lot of debt denominated in u.s. dollars. it proved very costly for their economies. in thailand in thailand and the philippines, $3.7 billion. that compares the places like india and indonesia. they may be paying the price at the moment, missing out on the rally. indicative that overtime, governments and companies will be reluctant to issue in u.s. dollars. that may be a price worth paying for now. betty: indeed. thank you so much, adam haigh

our chief north asia correspondent. it is using political and economic means to protest appointment of a defense system. talking more about this. eat out of at the trade sanctions and you can cut them both ways, coming from china. who gets hit the most? guest: the reason china has sanctions in south korea is to protests south korea's agreement to host the antimissile battery. they put a ban on groups going through south korea earlier this year. 2.3 million less tourists going into south korea. when you consider the hit to korean goods such as korean-made impact ontotal net the south korean economy is 30 basis points. dril-quip, -- real quick , nikki haley is speaking right now. let us listen in. >> for her statement. and now gives the floor to the representative of japan. >> thank you, mr. president. japan welcomes the swift adoption of the presidential statement strongly condemning the most recent ballistic missile launch by north korea, which flew over japan. and also demanding north korea seize allly such action. thi

welcome to bloomberg markets asia. ♪ shery: asia pacific stocks are it decade highs. gamekong extending the says the mood brightens. china says a trade war with america is in no one's interest. the foreign minister says the two sides must talk and north korea was on the agenda at the talks. beijing is optimistic new sanctions will trigger negotiation. also shaping financial markets, a barrage of july data out of china. including fx reserves and not to fxtion we will also get reserves. the estimate is it will climb a bit and stay above the $3 trillion mark. there's more optimism at the chinese market. this chart, it 8668 on the bloomberg showing exactly that. we are seeing less demand for long-term bonds as we see more optimism over the economy in the chinese market. so we are seeing the 10-year government bonds widening the yield gap with a one-year debt, the most in three months. of course, we did to have data -- we did have data on industrial process, it was showing strengthen the second-largest economy. we will see if that economic data is supported this week by cp

i know, you asked me to do south asia, dude, and there is a bunch of countries in south asia. i'm now going to turn to bangladesh. i know -- i drove all night from indiana and you asked me to do south asia. there is a lot in south and south asia. i'm going to end where we do have a real threat, and that is bangladesh. bangladesh -- people don't follow bangladesh, the rodney dangerfield of south asia, gets no respect. the bangladesh has had militancy for some time. what is interesting about their islamist militants is they are very inefficacious. if you look at the data from the global terror database, they get about one fatality. so if we had the fatality yield of pakistani terrorist groups, we would be screaming, what the heck is happening to bangladesh? so far the terrorists in bangladesh are quite incompetent, so we have managed to not care about them. nor has suicide bombing emerged in a serious way and then the --. it has begun to emerge. like every other country in southeast asia dealing with islamist militancy, the government has been competent, to say the least. they d

asia? welcome to asia business report. i am sharanjit leyl business report. i am sharanjit leyl. we begin with the auto sector. electric car maker temper —— tesla just reported revenues of more than $2 billion for the april— june quarter, more than doubling. the electric car maker burnt through more than $1 billion in that quarter, ramping up production for its mass—market model three, released last week. there are about half a million pre— orders for the model three. asia has its own ambitions when it comes to electric cars. china has mandated 8% of all vehicles sold the new energy cars by 2019. india has vowed to make all ca i’s 2019. india has vowed to make all cars sold electric i 2030. earlier i spoke to an auto analyst in sydney. i think you have to differentiate chinese case from the indian case. if you look at the background statistics, china has a penetration of electric cars around 1.4%, higher than the us. they accounted for half of all you —— will electric cars r

i am haidi them, this is bloomberg markets: asia. japan leads the asia-pacific down. markets are unnerved by the terror attack in spain and turmoil in washington. hiteople died when a van them in one of barcelona's most famous streets.

good morning, asia. hello, world. welcome to another edition of asia business report. it's a tuesday. my name is rico hizon. i am glad you could join us. rico hizon. i am glad you could join us. we start the programme with the markets. the dow jones us. we start the programme with the markets. the dowjones industrial average posting the ninth straight record, finishing the session like this. much of the gains driven from strong corporate numbers from companies like apple and others. we will look at is the positive sentiment is filtering through to asia. unfortunately not. the nikkei is flat. the all 0rdinaries index is up is flat. the all 0rdinaries index is upa is flat. the all 0rdinaries index is up a little bit. a mixed day. earlier, i spoke to an analyst. we are seeing a rotation out of asia. it has become more attractive as the us dollar has become weaker. there are us dollar has become weaker. there a re low us dollar has become weaker. there are low funding rates over there. the federal reserve is tightening. in the first six months of the year we have seen the

the largest percentage was to asia. the biggest benefit is asia, but it is going to benefit the country -- the company around the world. betty: much has been made about these chinese tourists, or just travelers themselves. they could be business travelers as well. how are they different than your other travelers and how are you changing the way you are giving them services to attract them to your hotels? >> we always think of travelers looking today for what they can get at home. they're looking for comfort, comfort food, tv shows in their language. the most important thing today that is different is digital wallets. they want to pay in their way. imagine an american traveler going to china and trying to pay with these up, mastercard, american express and saying, we don't take it. chinese travelers today are paying with alipay. digital wallet is huge. united states, we have 112 billion transactions on the digital wallet. you think, that is huge. china last year had 5.5 trillion. that is 50 times. imagine chinese travele

what is happening in asia the moment? chinese tourists have not hit a bottom yet, but where does he potential upside in this part of the world. asia is one market that has been less satisfying. korea for obvious reasons, less tourists than in the past. >> what are you doing to help sales? >> we enjoy high market share, e-commerceesting in because that is one area where we are lagging behind. that with an increased demonstration of the digital business that we should be able to bring back asia to double-digit growth. rishaad: that is the ceo of samsonite talking to yvonne man. looking ahead, the chief executive of oz minerals will talk about the industry later. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere.

a show that gives you a 360-degree view of asia's business elite. today, we meet a true visionary who has succeeded in building an ecommerce ecosystem in southeast asia. he led a team at a time when consumers, retailers, and governments were only just warming up to online shopping. let's meet lazada's max bittner. clothing, cosmetics, and electronic gadgets. more than 16 million products can be found on lazada's website that has attracted hundreds of millions of customers so far. it is not just shoppers who are interested. investors have taken note as -- notice as well. china's ecommerce giant alibaba agreed to pay $1 billion to take control of the company. time now for this high flyer to join us. ♪ max bittner, welcome to "high flyers." max: thank you for having me. haslinda: all it took was two weeks in southeast asia and you were sold on the idea that ecommerce was on the verge of having a revolution and there you went packing and bringing your wife and your 4-month-old daughter to singapore from munich. that was a risk. max: i think definitely

our asia government reporter at large. hunting for aosys ceo, but wills group need to turn the candidates? it has been a crazy drama at infosys, the outlook for the i.t. giant, next. this is bloomberg. ♪ ♪ >> this is "bloomberg markets: asia." i am betty liu in new york. approved a two billion dollars share buyback announced the day after the ceo quit amidst the talks of personal attacks from the infosys founder. will the open hostilities make it tricky to attract outside talent for the job? >> it adds to the challenges being faced by infosys this is #1695, infosys against other peers. 2015, infosys gained 21%, revenue increasing 25%, a challenging time for the outsourcing industry as a whole. it has moved to internet and database computing. it has been dealing with increased automation. then of course there is the led by ath the founder ,erson who said infosys accusing them of corporate governance issues. non-founder to helm the company. who will continue the growth and andsformation process meeting the expectations o

this is bloomberg. ♪ shery: this is "daybreak asia are co- asia."break betty: headlines coming across, saying they stand firm on their buyillion offer to on gore. this has been a controversial bid. bonds in the market to try to block this deal. management opposed to the deal. case, saying they are going to stand by this $9 billion offer. let's of headlines. also lots of headlines coming out of asian economies. all the job numbers. we will be discussing all of that. we are expecting those numbers to look pretty good. the economy is expected to have added 20,000 other jobs. we will discuss this along with the philippine gdp with the finance secretary. betty: is it from "daybreak asia." this is bloomberg. ♪ david: you are now both former presidents. mr. clinton: nobody plays a song when you walk into a room anymore. mr. bush: i did not bring the coffee. david: what do you say to each other? mr. bush: generally, when does this program start and when is it going to end? mr. clinton: he'll say to me give shorter answers. david: what was the biggest surp

you are watching "daybreak asia ." capital says anthony scaramucci's deal to sell his stake remains on track after his white house firing. it still needs to cross national security hurdles. they want to sell to a subsidiary to china's hna group. but it is far from certain, according to those familiar with the panel. to be among chinese companies under scrutiny for using domestic asset to secure loans overseas. sources say the regulators is reviewing guarantees involving insurance, as well as dalian and other companies. it does not mean the companies have done anything wrong. bloomberg has been told wall street regulators have agreed to rewrite the balkan role to loosen the restrictions central to the u.s. response to the financial crisis. our sources say the five will begin working together on revisions that would let the trump administration bypass critics in congress. they missed estimates in the second hour. they will have to cut jobs. they are reeling from a 3.3% drop in the american box office due to a string of d

a strategy in asia. how important is asia? promoting this in a number of countries and we are very ubiquitous and probably most well-known in these populations. chinese travelers are going they aree world and the number one spenders on international travel. >> china, in particular, you expedias tied up with and you getowing even more. >> there is local competition it is international travel. have 4 million and know the local competitors have that and we make sure that we're not engage in any local competition. >> are you in a different strategy between the u.s. and europe? it is pretty aggressive in the strategy elsewhere. >> would try to partner with there is a full potential government by government and there is the japan has beend the number one destination for years. >> it is a work in progress. law and said it was illegal to rent a place for less than six months. what are your takes on regulations across asia? it is a difficult marketplace. >> what we have seen is this play out over time. we figure out what is the right m

welcome to daybreak asia. we have the view from jackson hole. policymakers in wyoming. investors are watching for central bank policies. we inflation is not a crisis. and for bloomberg's global headquarters, i'm betty liu. profit falls in a record. they want to fly directly to london and new york. and the samsung boss awaiting a corruption verdict. that verdict is going to be closely watched in south korea. markets are waiting with bated breath, on the fed speakers at jackson hole. be payingen will attention to tomorrow here in the u.s.. there were some jitters in the markets. ceilingk about the debt rattling investors. the dow off 30 points. off 1%.aq also s&p down 2/10 of 1%. the declines are there but not as much as you might expect. most investors are on the sidelines awaiting janet yellen and her comment. >> yes. we are pushing pause. talku can say anything to down that rising euro. in asia, prettier than brawl -- wall street. we have rallied for eight of the past 10 sessions. it has been a decent two wee

or other countries in asia. all of that and these numbers are expected to really solidify this idea that we are seeing stronger growth in the second half of china. it surprised many economists looking at this economy. yvonne: what are the risks of the trade friction with the u.s. ? tom: bloomberg intelligence says there is a greater risk that some kind of tariff will be imposed by the u.s.. that terrible and what kind of terror and what sector the targets will be is going to tell how important this will impact china's trade picture. they are looking at steel. we have another chart that looks at china's steel exports to the u.s.. showing over a longer time horizon. large imports for the u.s. in 2009. that has ticked down. for china only make up 2.5% of its total export picture. by theffs were imposed u.s. on steel, it would have much of an impact on overall chinese exports. are actually lower than both south korea, mexico and canada. there isnow that potentially an investigation underway in washington into llectu

this is "bloomberg markets: asia." ♪

welcome to daybreak asia. i'm betty liu. it is just after 7:00 p.m.. washington steps up sanctions on north korea despite welcoming the recent restraint. appealing to his core support in arizona. >> bracing for a big one. raised,ber eight being it was not too bad. we were laughing about it. but we are seeing things escalate. we are seeing dark clouds, wind and rain that could strengthen persistently. here is why. this storm heading straight to the city. on thed to make landfall western part of hong kong. there is a chance this could be bigger than a ta. already as you mentioned, reaction to this storm. we hope you stay safe. the stock exchange canceling premarket trade. limited transport services. ordered toe been shut down. the last time the markets were closed due to a storm was october 2016. this is not a regular occurrence by any means and one to watch how the fx trading in hong kong. news onsome breaking bhp. onre has been so much focus their earnings results. some saying they need to do more. we are gett

and asia. haidi: i want to throw up a quick chart that shows our viewers how much of a role china has to play in this. china taking the lion's share when it comes to north korea's exports. we have these un's sanctions. how do you rate the effectiveness and limitations of these sanctions in being able to resolutions or getting north korea closer to the negotiating table? mr. espenilla: i think china is careful about those wanting to be seen -- bradley: i think china is careful about both wanting to be seen as increasing pressure on north korea as they come to the negotiating table, but at the same time they want to control the risk of instability in north korea, and the way they sanctionsthe yuan moderates these two interests they have. the most recent sanctions increased significantly the potential pressure for both china and russia to follow through not just to the letter, but the spirit of what the sanctions are intended to do. they had left open significant room for innovation, both labor is

i am here tonight to lay out our path forward in afghanistan and south asia. but before i provide the details of our new strategy, i want to say a few words to the service members here with us tonight. to those watching from their posts, and to all americans listening at home. since the founding of our republic, our country has produced a special class of heroes whose selflessness, courage, and resolve is unmatched in human history. american patriots from every generation have given their last breath on the battlefield for our nation and for our freedom. through their lives, and though their lives were cut short, in their deeds they achieved total immortality. by following the heroic example of those who fought to preserve our republic, we can find the inspiration our country needs to unify, to heal, and to remain one nation under god. the men and women of our military operate as one team with one shared mission and one shared sense of purpose. they transcend every line of race, ethnicity, creed, and color to serve together and sacrifice together in absolutely

betty: this is "daybreak asia," live from bloomberg's u.s. and asia headquarters. i am betty liu, it is just after 7:00 p.m. in new york. after 7:00 a.m. here in hong kong. i am shery ahn. volatility falling, the japanese yen, and gold retreating this week. it looks like geopolitical tensions over north korea are waning. but political tensions in the u.s. are on the rise. betty: you could not see that reflected in the equity markets by any means. that turmoil you are seeing engulfing the president and throughout the country, largely shrugged off by the equity markets. certainly no rally like we saw the day before. we had markets closing unchanged. ingestrs still trying to all the news and the impact at my -- it might have on business and the economy. shery: that economic data out of the u.s. good july retail sales, that probably helped. let's look at the markets in asia. we see a positive upside for new zealand stocks in the open. it is the third session of gains. we see the kiwi dollar holding steady. the aussie fell to the lowest level in a month, now holding at

this is "bloomberg markets: asia." uber, said news with to have picked expedia's the ceo, dara khosrowshahi, to take the helm. we been talking about how this was unexpected coming out from the uber board given that we heard from jeff immelt, who pulled himself out of the race on sunday. the same from meg whitman as well. onwill get some more context what this all means. >> that will dominate headlines tomorrow morning in the u.s. david kirkpatrick will join us in moments, the ceo of well noted tech analyst and interviewed many of these personalities, including the expedia ceo, and meg whitman as well, so interesting to hear his take on what happened, particularly with meg whitman, who seem the leading contender. we follow the developments in texas with hurricane harvey. the strongests on storm to hit the united states and 13 years, costs could top $24 billion, combining the effects of tropical storm harvey on the labor market, power grid, oil and gas. harvey has killed at least two people and caused unprecedented flood

activeck head of invasion -- investments for asia. up, we talk hsbc predicting a $300 million brexit bill. how the stock is reacting in the market. this is bloomberg. ♪ rishaad: this is -- haidi: this is "bloomberg markets: asia." i'm haidi ring in sydney. rishaad: i'm rishaad salamat in hong kong. it has been two weeks since anthony scaramucci was hired as communications director, and has now been fired. this is the latest in shakeups. joe subject has the latest from washington dc. white house communications director anthony scaramucci was ousted hours after retired marine corps general john kelly took over as the chief of staff. calley was given the job to on disarrayorder the white house. scaramucci's arrival in the white house wanted the departure of sean spicer as secretary and reince priebus as chief of staff. that followed the resignation of the -- former communications chief. it is a sign that trump is empowering kelly, at least for now. he was given a job as chief of staff to put order into what has been a chaotic organizat

fromop live editor coming asia. talking about the pentagon, they have issued a statement on the north korea missile launch. let us bring in gregg sullivan. he joins us now. we heard from the pentagon saying this is not posing a direct threat to north america in general, but i guess the response is going to be the key question and whether the u.s. is going to actually talk of the -- talk belowut bit more about open negotiations with pyongyang. >> that's right. they said they can confirm the missile flew over japan. stillaid they were assessing the situation, but it did not appear to pose any threat to north america. we can look to the u.s. response days ago, when they launched three ballistic missiles. secretary of state rex tillerson called at launch provocative. he also said the u.s. would push for dialogue. thought that the u.s. might be pursuing dialogue even with these provocative missile launches. yvonne: we are monitoring donald trump's twitter page to see what statement he might have on this for operative --

there is a group of leaders in the asia pacific called the east asia summit. and before president obama came into office, the united states was not part of that. this is the premier economic and political security forum in asia and the united states didn't have a seat at the table. the indians were there, japanese were there, all of the southeast asian countries, even australia. america wasn't there. president obama, secretary clinton ended up putting us there. we are now at the center of major institutions in asia. that's one. two, we have engaged in a forced shift in the amount of military posture we've built up in asia as compared to the rest of the world. charlie: to say what to china? jake: not just to china but the entire region the united states is going to enforce a rules based order, that there is freedom navigation in the south china sea. people hear about the south china sea and think it is a far away place. a third of the world's merchant tonnage goes through the china sea. if china decided to shut it down, that would have dramatic consequences to

it is a pattern being observed across the asia—pacific region. increasingly, people are stepping out of the shops and doing their shopping on line. by some estimates, e—commerce in southeast asia is currently thought to be worth some $55 billion. by 2025, that will shoot up to more than $80 billion. and these are just conservative figures. which is why us on line retail giant amazon decided to make its singapore debut last month with this 100,000 square feet facility. we know that singapore consumers are busy, they love convenience and really, consumers love convenience and really, consumers would love the idea of having a range of products available and make don't want to or can't make and make don't want to or can't make a trip, this is where they come. but singapore isjust a trip, this is where they come. but singapore is just an entry point and it's a crowded market. meet rosalita, who was a housewife and get paid to do it for others. she works for a singapore e—commerce firm. the reason why south east asia is attractive today is because

asia-pacific is headed lower. we have japan numbers coming out, machinery numbers worse than estimated. inflation a little touch higher. we are looking ahead to our exclusive interview with a blackberry -- the blackberry ceo , joining us from jakarta, as he discusses the companies shift -- company's shift to services. deeper intooking blackberry, indonesia is a big market for them. crackberryill on the . that is still very popular in indonesia. yvonne: we are going to watch that. popular, which i thought was fascinating. how things are looking in the asia-pacific, i have some closed .arkets looking ahead to the market opens coming through now, we sell the risk off day in the with a whimper on wall street after we got comments from rex trying to backtrack what president trump said about fire and fury on north korea. we did get those comments from pyongyang talking about some type of attack on want. we are seeing dollar-yen. machine orders did miss estimates. we are sitting around 110 territory now. nikkei, 1.3% low

it's a similar situation across large parts of south asia. the eastern indian state of bihar has been hit the hardest. heavy rain and overflowing rivers have left large areas under water. more than 500 people have been killed, here, in the last few weeks. tens of thousands of people have lost their homes, and are staying in temporary camps. there's still a lot of water, there's a lot of damage, a lot of people still out of their homes. people are surviving and getting on with things as they can. in india's financial capital of mumbai, a city of 20 —— and india's financial capital of mumbai, a city of 20 million, was brought to stand still, after heavy rain on wednesday. transport services ground to a halt, forcing many to simply wade out. that may transport services ground a halt. —— transport services ground to a halt, forcing many to simply wade out. it is raining intensely across india, nepal, and bangladesh. it has done so for weeks. it has caused the worst flooding in decades, and it has led to a massive humanitarian crisis acros

that is it for us on "daybreak: asia." "bloomberg markets" is up next. ♪ at one point, your father left your mother. mother found herself with four kids, no money. david: let's talk about ibm. ginni: we are the champions for business. david: do you see ceos are willing to say, mr. president, that is not a good idea? do you feel a certain responsibility? ginni: women still need good role models. -- >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it ay

well the united states have to go back to why the united states wants to be in asia at all ok why does the united states intervene ten thousand miles from a chore and to answer that question you have to go back to the open door policy sounds boring but the bedrock foreign policy of the united states is the open door policy and when china closed the door after world war two initially the united states wanted to set up a client regime in china but that failed the communists took over and closed the open door and so the united states decided that career would be its first bastin against the encroachment of china and the closing of asia to american economic penetration ok but i mean let's talk about this the in this new killer thread i mean why don't they want to talk about that that's very important and that's pressing right now can you answer that boris go ahead home well you know the the real the real threat for the united states from the beginning was always china and you know we talk about one hundred sixty thousand troops stationed across the. western pacific but there are also nucle

it is a wednesday, good morning asia, hello world and glad you canjoin morning asia, hello world and glad you can join us. morning asia, hello world and glad you canjoin us. the words morning asia, hello world and glad you can join us. the words from morning asia, hello world and glad you canjoin us. the words from us president donald trump, fire and fury, frightening north korea if the country does not give up its newk ambition. —— threatening. but will they have any impact? —— ‘s nuclear ambition. more than $5 billion worth of good in 2015. the chinese foreign minister said that traditional economic ties mean it will mainly be china paying the price. he was referring to un sanctions slashing $1 billion in estimated value. i spoke to an economist who says china will not be severely affect dead. spoke to an economist who says china will not be severely affect deadli think china is a huge economy and it is basically importing from north korea coal, iron ore, seafood, things that are not banned under the un sanctions. it. importing idle and seafood and has already stopped imp

i can see behind you magazines of elvis in asia. growing up magazines of elvis in asia. growing up in the philippines, why did you gravitate towards this american icon? there is no one like him. even the beatles are not like him. and we are going to have the first elvis in asia contest. this will be on saturday, august 19. august 19, with the prize trip to graceland. about 30 elvises will come. we'll have limitations in the morning, and then finals at nights. there are competitions taking place even today, even after elvis pass to wait 40 yea rs today, even after elvis pass to wait 40 years ago. his legend lives on, especially in the philippines! yes. at my radio station, we have been playing elvis all these years. where nationwide. in fact, we are also correspondence for bbc radio here. and i can see, ramon ‘rj'jacinto, that you are ready to play it one of your favourite songs by ollett presley. i know one of them is blue suede shoes. —— elvis presley. # blue suede shoes # fantastic. there are so many impersonators of elvis presley in asia. notjust his rock songs,

there are still so many impersonators of elvis presley in asia. and notjust his rock songs, but many people also love to sing his love songs. right. especially love me tender. maybe you could sing us a few lines here? of love me tender? (sings love me tender) i love elvis presley. thank you so much forjoining us on newsday, ramon ‘rj' jacinto, an elvis impersonator and big fan of elvis presley. here is another love song i love from elvis presley. wise men say only fools rush in but i can't help falling in love with you. with eve ryo ne falling in love with you. with everyone on newsday. i am sure you area big everyone on newsday. i am sure you are a big fan of elvis presley, babita. i'm sorry, rico? rico? i'm sorry, a beautiful rendition of elvis. we will cut him off. in washington, we went into the kitchen to find out more about what this restaurant is doing for refugees. we hire immigrant refugee chefs, and we give the refugees space to prepare and sell their home recipes direct to customer. it started with my mum. she came to this country as

the situation in the asia-pacific has become increasingly severe. never has there been a time that calls for a more united and concerted response by the united states and japan. from such a perspective, we we had an in-depth discussion on the strategic environment of the asia-pacific region, beginning with the north korean situation. to the first conference since the start of the trump administration, we were able to reaffirm the commitment of the u.s. and japan, which is extremely significant. the strong commitment to the region is extremely significant. on north korea, towards its denuclearization, we agreed we would rep up pressure -- ramp up pressure. we call on china to take specific measures to make north korea change its behavior. on the threats of ballistic missiles, as an alliance, we will strengthen our defense posture and capabilities and respond. we have agreed on this point. we have confirmed the importance of the cooperation through the security treaty. we said our concerns regarding the situation in the east and south china sea. we re

sophie, barely any gains for the msci asia-pacific. a lot of the markets right now in the red. >> just hanging on. of data points this morning that could be perceived as disappointing, for example chinese trade figures and we arepressure, seeing a drop in sydney and tokyo, the nikkei 225 down a third of a percent while the yen is a 10th of a percent higher to trade stronger for the first day against the dollar. we do have the housing swinging to gains, set for a third day higher. tencent is leading in hong kong, along with this 23 year high. we did have another data point today, chinese retail sales rising 5.5% on year. they continue the momentum. and take a look at this, a little change well be won is rising, despite some political risk. it's looking to change ahead of inflation data later this afternoon. one winner today is the yuan, earlier extending gains against the dollar, just below that level now for the first time since october. the dollar snaps it to do again amid dovish comments from fed officials ahead of the meeting. >> so

next, a conversation on combating isis in south asia. middle east academics and former government officials examine the rise of isis in countries such as india and bangladesh. the atlantic council hosted this event.

♪ >> this is "bloomberg markets: asia." haidi: china drives against risk, new rules on overseas investments. day,scue soaring on a down full-year profit doubled on high prices and lower costs. the u.s. and korea launch military drills. wargames start this trading week , a few jitters, a mixed the session, msci asia-pacific --nding declines from friday extending declines from friday. the palace intrigue, steve bannon returning to breitbart, the latest in high profile departures from the trump administration. macro-like when it comes to asia and globally, but #54 or the eight, local central banks are what we are watching, culminating a week of fed speak from janet yellen and mario draghi in frankfurt this week ending up in wyoming, jackson hole, the central bank meeting, expect ring a cautious mario his comments about the balance sheet about interest rates and inflation taken wildly by the markets this year, but not expecting a massive policy surge from him, but there could be comments on how the stronger on inflationing expe

overall a risk obsession in asia. a macro day.s on the micro story is north korea firing that missile over japan. saying to china and russia to step in, urging the united nations to hold an emergency meeting. pressure those saying that sanctions -- this just crossing the bloomberg terminal, russia saying sanctions are no longer useful against north korea. the russian deputy foreign minister on sanctions here. his sanctions are no longer useful, is a military incursion or action the next step? that is fodder to absorb. >> we don't want to get there. we don't want to start talking about military action just yet. it is a tricky situation. we saw the security council sanctions being implemented this month. most severehe sanctions, and yet north korea continues to provocation, which is impacting the markets, volatility on rise, the chart 9468 showing you the volatility higher thane kospi the nikkei and hang seng index. on friday, they were around the same level. jumping come of the six-month average has stayed elevated, al

the bond issue was the biggest one in asia. you still see a bit of a demand here for some of these companies. anti-ather: the coupons the moment. a lot of these developers are taking advantage of that. yvonne: will that impact profits? ntristopher: to some exte yes. withholdingen approvals for the last few months, save for a few batches. once those come through, we don't expect them to open the floodgates once again, but it will face the amount of offshore they are allowed. when the new mission -- maturity welcomes in 2018, it matters how open they are. the onshore and offshore. at best, they will trade -- we will create much higher funding costs. here: we don't want to be mongering here, but there was an interesting press release coming institution royal of chartered surveyors in singapore. i don't know if you got to look at it coming out strongly on these chinese property thisopers saying accumulation of debt is at levels not seen since the global that thiscrisis, exceeds what we saw from japanese real estate companies back i

plenty more to come on "daybreak: asia." this is bloomberg. ♪ shery: we are half an hour away from opening day in singapore. there could be a little bit of escher as we are seeing the regional benchmark at the lowest level in a month. you are watching "daybreak: asia." a clear day in the city. japan's economy grew for a second straight quarter. it is standing the longest expansion in more than a decade. boosting gdp by and analyzed 4% in the second quarter. private consumption jump 9/10 of 1%. -- presidentg 2% trump is preparing to turn up the heat on china over what the u.s. perceived as the fact of intellectual property. memorandumo sign a to consider launching an investigation. it would focus on u.s. companies operating in china. democratic lawmakers are .eviewing for an investigation -- once the committee to force the bank to disclose its internal review of more than $300 million in loans that president trump had before he ran for office. the government will issue discussion papers ahead of talks on august 28. talks ha

good morning, asia. hello, world. welcome to another edition of asia business report. it's a monday. iam marika asia business report. it's a monday. i am marika oi. the un security council unanimously approved tougher sanctions against north korea which could cost the country $1 billion a year. the us and china agree to the new measures after a month of talks with the hope they will pressure pyongyang back to the negotiating table. our reporter is on the story. tell us the details of these new sanctions. as you mentioned, it is the toughest yet. critically, china is on board. for these new sanctions to be effective, china needs to step up to be effective, china needs to step up to the plate, which they seem to have done. they take 90% of the trade with north korea. international sanctions are looking to hurt north korea where it hurts most, the economy. they will do this in three ways, banning key exports of coal, seafood, and iron and lead. the second is banning newjoint ventures with the country and investment. even egyptian firms are operating in pyongyang already.