the us from every week and always looking to the future fund d w dot com science and research for asia. at. flying high tons of posts impressive numbers cashed up carrier pushes on with it's called. solid asian dr. that life is a debate drags on as a u. member states wrangle over a weed killer and saudi arabia reveals plans to build a mega city on stand. by benefits all in let's do business lufthansa profits have surged sky high the german carrier has reported a thirty two percent rise in underlying third quarter earnings before interest and tax after years of cost cutting the group is back on the offensive it's also keeping its feet on the ground sticking to its annual forecast. business is going well for germany's largest airline looked down south in the summer the carrier increased ticket prices and its cargo unit is booming. the sounds i was able to boost revenue thanks in part to its increased market share following the acquisition of brussels airlines last year the carrier is also flying more people. in two thousand and sixteen look downs of hussam one hundred ten million passeng

the british luxury salmon producerjohn ross asia. the british luxury salmon producerjohn roser was asia. the british luxury salmon producerjohn ross jr was snapped asia. the british luxury salmon producerjohn roser was snapped up by estonia's are pr foods. the company's by estonia's are pr foods. the compa ny‘s new boss by estonia's are pr foods. the company's new boss plans to take the company's new boss plans to take the company global. asia is predicted to become their biggest market. we believe that asia will be our number one export market within the next two years. our processing facilities remain in europe because that's where the salmon comes from. we are processing facilities in estonia, in finland, sweden and in the uk as well. would you move some of that processing facility here to asia? not really, because you need to resource the raw material were it comes from. it is a little known fa ct comes from. it is a little known fact that the scottish salmon exports are the number one uk food exports, overtaking confectionery.

i am yvonne man, welcome to "daybreak asia." stocks set to extend in asia after wall street fell the most in seven weeks. uneven earnings keeping investors on edge. the race to the fed loses a prominent player. president trump gary cohn has no chance. out.: he is i am betty liu in new york where it is just after 7:00 p.m. wednesday. thursday will be a big day for tech. silicon valley heady -- heavy hitters reporting. whether they can deliver that momentum still. the atmosphere is electric at the tokyo motor show as they present their vision of the future. ♪ betty: speaking about electric, breaking news on south korea's preliminary third-quarter numbers. ier on south korean gdp, up 1.4%, quarter on quarter. much bigger than economists had expected at 0.9%. more than double what we saw in the second quarter. ofr on year, a healthy rise 3.6%. that is also above the estimate of our rise or expansion of 3%. well above what we saw in the prior quarter. helped likely by the continued export of electronic parts, particularly for smart

good morning, asia. hello, world. it is tuesday. thank you forjoining me on asia business report. i'm rico hizon. we start the programme with netflix and the video streaming pioneer did it again. they exceeded analyst expectations as more people subscribed to watch programmes in the latest season of narcos. earlier i spoke with media partners asia and asked how content can make or break online services. of course it starts with content and consumers have to move to it but netflix have scaled distribution globally. a big reason for their growth in the last few quarters has been international scale in particular and what's driving growth is a lot of scale and momentum in parts of europe and latin america. we are starting to see some of that in asia—pacific now. how are they going to using in asia, because there are challenges in the region, particularly local content and of course part c? of course. look, we are three years into this internet video industry in the asia—pacific —— piracy? netflix launched in australia with 3 million subs in that market and they have picked up

should just that's not german entrepreneur award winner two thousand and fifteen as he travels through asia looking for the next big business idea. our ten part series founders valley starting october twenty third on d w. spanish stocks john hughes that catalonia wants to talk before declaring independence the relief also pushes the euro to a two week high but analysts remain wary. also coming up from calls is a useless but businesses point to the merits of the north american free trade agreement the fourth round of negotiations begin today. and japan's coby steel is in trouble and with hundreds of companies that border its slowed alimony and copper products. this is the the view business i'm going have alfa's in berlin welcome independence yes but not yet that was the message kind of the leader collars put them on sent out last night and it was a message well received by investors after catalan leaders said they were suspending their bid for independence shares jumped by one and a half percent on madrid's ibex index of spanish blue chips shares in catalonia and banks shot up by more than t

you are watching "daybreak asia ." catalonia has stepped back from an immediate declaration of independence, calling for talks with madrid about the future. supporters and opponents have been shaken by the reactions to the referendum, including the decision of some companies to leave the region. addressing lawmakers in barcelona, they said it has given them a mandate for independence, but he would pause for talks. in the u.s., president trump has renewed his threat to dump nafta, just as canadian prime minister justin trudeau arrives for talks. canada is a leading buyer of american exports and tensions -- rising with terrorists tensions are rising with tariffs imposed. to army sees -- pledges restore stability. of the votes will be held under the new military-backed constitution that critics say give soldiers, judges and era cap the power to stifle elected politicians. zealand, the leader has met the prime minister bill english, and will hold more talks wednesday. peters has railed against foreign interests, and wants

stephen: you are asia's richest man, but are you still an entrepreneur? jack: i don't think about that. i don't have time to spend money. how much money you can spend. stephen: coming up, alibaba broadens its scope, investing heavily in southeast asia and into brick and mortar under its new retail concoction, and jack ma sizes up one of his chief competitors. jack: i think tony did not have any experience in globalization. not like us. ♪ stephen: having conquered e-commerce, alibaba is investing in areas like cloud computing, logistics, digital entertainment and even brick and mortar retailing by marrying the online and off-line worlds through its supermarkets, as well as the cashless and cashier less convenience stores. it begs the question, is alibaba moving away from its asset light model? >> when you are young, tiny, light model is good. when you're strong, big, you need heavy things. but today's alibaba size, you should not leave the heavy model to the others. it is something you have to do, because the infrastructure keeps building up. you have to

asnne: that impact in asia well. facebook also plans to overhaul its rules on political ads and will include a massive hiring spree. the details, next. this is bloomberg. ♪ anchor: 7:30 a.m. tuesday morning in hong kong. coming back from the national backoliday, people getting to work this morning. 30 minutes away from asia's first major market open. betty. 7:30 p.m. monday evening in new york, where markets closed higher. you can see the empire state holding is dark in the background. according to the twitter feed, the lights are darkened for the victims of the las vegas shooting with an orange halo effect shining a light on gun violence, so again, empire state lights off interview to the victims of the las vegas shooting that happened last night. i am betty liu in new york. yvonne: i am yvonne man in hong kong. you are watching "daybreak asia." first word news with jessica summers. jessica: president trump will visit las vegas on wednesday to meet survivors and emergency workers after the deadliest mass shooting

this is bloomberg markets: asia. rishaad: asia-pacific markets assessed thestors earnings and global economy and the ra

welcome to daybreak asia. the top stories this wednesday, .ajor speeches he will offer his vision at home and abroad. is depending on more of the same. it is just past 8:00 p.m. on this tuesday. president trump says america's business rate is a self inflicted wound. once again, short on details. --is a currency manipulator. ♪ to beijing as he kicks off the 19th party congress and it was interesting with president trump. we did not get a whole lot of details once again, but the markets on a policy or as well. >> i guess that means we will have to spend a lot more time watching this coming out of washington. the two houseat representatives can come of with . there's still a lot of dissension. president trump has laid some big things out on the agenda. rhodes saide bill the 19th party congress is the biggest political event of the year, bigger than the european elections. let's hope we get some details. relatively calm out there. taking time to assess the global stock rally. and therefore, the repercussions on

good morning, asia! hello, world! welcome to asia business report. we start off with china, the 19th communist conference has come to a close, the top leaders of the party and china's economy will not be revealed until later today. the president has a vision for china and asa president has a vision for china and as a reflection of his power, his name and ideology has been enshrined in the chinese constitution. unveiling him to a higher level. our correspondent gave an insight into what it means for the economy. often, when you look at how the chinese constitution is made up, these big thoughts and tried in ideology. they are important for the political nature of the country but also the economy —— enshrined. you heard in his speech about the kind of china he sees going forward and his mantra, so to speak. a new era of socialism with chinese characteristics. what he was trying to say was the previous error, so to speak, there have been two out. there's two have reformed and propelled china onto the international stage. but he wants to ta ke intern

this is daybreak asia -- this is "daybreak: asia." yvonne: the banks capital buffers rebounded so profit in praise. giorgio armani said it is to close to talk specifically about a buyback that he remains confident about managing the environment. >> i think the volatility is particularly is sensitive issue around the effects around major occurrences with very low volatility. it is clearly affecting institutional business. in general, i would say the cholesterol, like there is good volatility and bad volatility. we are missing a little bit of volatilitye positive . we even want to have disruptive volatility. we could see low volatility's also pushing more and more investors. and other forms of investments. volatility is not what kicks the ip of the curve? we arere hoping for a, part to manage any kind of market conditions. it is very important for us not to go into wishful thinking about the environment. we see gdp growth forecast is set to be revised up again. the geopolitical situation in the market is still very complex. we are issui

good morning, asia. hello, world. it's tuesday. welcome to this edition of asia business report. i am rico hizon in singapore. we start off with samsung and its memory chip sales are responsible for booking record quarterly numbers which came in at record quarterly numbers which came inata record quarterly numbers which came in at a whopping $10 billion for the three months until september. smartphones that —— sales driving profitability higher, particularly indian demand which has overtaken america as the second—largest market for smartphones after china. samsung cell phone shipments to india are up 30% from the same last year. but chinese rivals are hot on their heels. earlier, we explained their latest success. escape was launched in march and note eight was launched a few months ago, nobody has even remembered what the note 7 was. samsung is in a runfor remembered what the note 7 was. samsung is in a run for highly confident prizes. they even supply panels to apple. they are making money from all sorts. but you know what? samsung electronics also has its leadership prob

welcome to "daybreak asia." u.s. stocks with an eighth straight win, the s&p 500 cap's its streak since july 2013. they await payroll numbers as hawkish comments strengthen the case for higher rate. betty: from bloomberg's global headquarters in new york, it is after 7:00 p.m. this thursday evening. catalan leaders said to be stepping back from immediate independence. spanish banks show a willingness to pull out. delivering goods on amazon's plans to drop fedex and ups and do the shipping itself. ♪ betty: there is not much that amazon cannot do these days. we are watching headlines from christine lagarde. she is at a conference in boston the head of the imf meeting next week. theis making comments on tax reform plans here in the u.s., saying deficit widening tax changes are not "advisable." that is an understatement. globalization is a baggage word left for those kind. also come a surplus nations must take advantage and invest, return that money and invest. also noting the imf is accommodative of the boj and ecb. i

and of course, the trip to asia. it doesn't help that the president's agenda -- of have to say, it is kind of a constant series of distractions around the white house, and they do try to get things done, but really, criminal charges would be kind of a new development in terms of the trump administration. thanks so much for enlightening us on these developments. ross krasny in washington. up next, or had asked prime minister with a poor opinion poll hot on the heels of losing his razor thin polymer tory -- parliamentary advantage. what this means now for the australian government. this is bloomberg. ♪ ♪ betty: good morning, i'm betty liu in new york. haidi: i'm haidi lun in sydney, you are watching "daybreak: australia." phillies former deputy prime minister hit the campaign trail over the weekend to regain the government slender majority. the high court said his dual citizenship made him unable to sit in parliament. let's look at this extraordinary case. have correspondents following this remarkable story. >> it

welcomes the daybreak: asia. central bankers signal tightening is coming has janet yellen says inflation will accelerate. the governor has praise and a china issaying changing, but corporate debt is a worry. >> i am kathleen hays in new york. upbeat aboutn australia, good times on the way. oil on the rise amid tension in iraq. kurdish officials say back is sending in the army. have been at the imf meeting in washington, topped off sunday morning bright and early. ,anet yellen, governor kuroda and others on a panel. nobody's position has changed. inflation doesn't rise in the u.s., but janet yellen says it is going to. away we go. seemed like prices were looking to stretch. your hearing bankers saying we have too much complacency in the markets now. let's look at asia. risks as welitical get closer to a new coalition government in new zealand. the index down and a choppy kiwi. a big week for china. the party congress kicking off in two days. inflation and gdp of ahead of that. i little downside here. some dollar s

i am yvonne man, welcome to "daybreak asia." recovery and risk, the imf warns recovery is limited by lack of reform and disruption from new technology. the kobe steel scandal strikes again. bulls find substandard parts. there are claims more data was faked. i am betty liu in new york where it is just after 7:00 p.m. thursday. jpmorgan and citigroup kicking off bank earnings today, showing the effects of needed trade and concerns about consumer credit. president trump prepared to give the verdict on iran tomorrow. a new strategy as allies urge restraint. ♪ betty: it did feel like restraint in the equity markets. we saw it touched slightly lower. that is raising questions about whether markets are vulnerable to a sharp pullback. , whichook at g #btv 1138 shows you the brett -- breadth of the market. it is the equal weighted indexes in the blue and white lines. that evens out the in -- influence on the index. you can see the breadth of the market. falling, hashis is fallen consistently and emerged with europe. it looks like a ral

more ahead on "daybreak: asia." ♪ betty: this is "daybreak: asia." yvonne: that is almost it for us here on "daybreak: asia." what are you watching? rishaad: looking amazing. 600 plus figures. really looking at what happened. yvonne: you have the targeted cut trying to help these smaller companies. are forgetting one other thing which is the tailwind we got out of new york records yesterday. equity market records. nearly up 8%. raisingr big four between 5% and 6%. we will be talking about whether this rally is sustainable. having a little bit of a calm her look at what is happening out there. japan is the most preferred market in asia. gdp is doing very well. that inflation target remains low. also looking at india. you have just been talking about that. seems like december might be the time to cut one more time. that's all we have for the next few hours. betty: market coverage continues with rish and heidi next. this is bloomberg. ♪ rishaad: 9:00 a.m. in hong kong. uber is at the crossroads. travis.o rein in sales growing- last month for the first

haidi: this is "bloomberg markets: asia." rishaad: earnings in the asia-pacific. nikkei 225 rising for nikkei 2h straight day. now that is uncharted territory. haidi: preparing to name its most senior rulers. the nation's most powerful leader in deca

is an important partner for many in asia. singapore is a small country where just 5.5 million but we have sizable investment and trade with the u.s. and these continue to grow. for example,er where tee second largest asian investor in the u.s. with $70 billion in stock investments and total trade in goods and services amounted to more than $68 billion last year. the u.s. has consistently run a substantial trade surplus with singapore. last year it stood at $18 billion. in other words, america exported 43 billion of goods and services to singapore and must be one of the highest buying american customers in the world. $77,500 worth of american goods and services yearly. ties, golf clubs, financial and consultant si services. the associations. discovered recently looking at my sports shoe my new balance shoes which are very good, are me ad the u.s., probably in new england. of course we buy boeing jets. president trump and i just witnessed a signing between singapore airlines and boeing for sia to purchase 39 boeing aircraft wor

good morning asia, hello world. it isa good morning asia, hello world. it is a monday. glad you could join us for this addition of asia business report. we started the project —— programme with china and government officials gathering in beijing for the 19th communist party congress. the twice a decade meeting is likely to see president xi xin ping further solidify his power and secure a second term. but beyond his political supremacy, there are growing worries about the state of the economy. in the first of three reports, our correspondent takes a look at china's growing debt pile. a twisting power inside a glass skin. this is asia's tallest building. the shanghai tower is a testa m e nt to building. the shanghai tower is a testament to rising china but as you stand and look at from the i23rd floor, underneath you is a mountain of debt. it is a fitting symbol of this country's debt addiction. china's debt stands at 260% of its gdp and it is growing. forecast to top 300% in five years time. well over half of that is corporate debt at state owned companies.” over h

he next start seen for asia-pacific markets as asia returns to gains. taxes and nuclear power top the agenda. >> and from bloomberg's global head quarters. i'm betty lu. with the holiday, a new positive for beijing. china is posting another monthly ride in september. and kevin worsht leading the fed but critics say he would be too hawkish. reporter: a little bit of a mix between gossip and news. ok. as i mentioned, you know, the market here, the equity market were open but the bond markets were closed. i want to pull up a chart and kick us off. it shows you despite the rally that we've seen in stocks in asia as seen as the mici asia pacific index, it's still the cheapest in 15 years when compared to the s & p. this is represented by the white line. despite the rally in asia and the rally here and in the u.s., in fact, asia is just getting cheaper an cheaper. and that's got more investors saying i'm going to buy into the asia pacific market. yvonne: seems like we've got the global gross optimism especially in japan. e'll see what happens with japan after

. ♪ asia."his is "daybreak jpmorgan's annual treasures -- annual treasures forum kicks off in tokyo. our chief north asia correspondent is sending by. -- standing by. >> a busy week in tokyo. the election results. the super typhoon. today, we are at the jpmorgan asia-pacific treasurer's forum. good to see you. the last time we talked, we talked a lot about china being the real growth driver for the fastest-growing economies in asia. what about japan? we are in a negative rate environment. biggest is one of the markets for us at j.p. morgan. we are committed to this market. a very goodis on trajectory. the stock market is at a high, as you know well. of prime minister abe gives the economy tailwinds. are leading to a very strong economy in japan. steve: some of the voters voted for continuity of these reforms. there was highlight of some of these risks to the banking system. too many employees. there could be financial risk if they don't i daft. risk? see some this is supporting the outbound agen

in hong alive from bloomberg's asia headquarters. welcome to "daybreak asia." wall street gains set to extend oilhe asia-pacific spirit also on the rise. clashes with the army and kurdish forces -- from bloomberg's global headquarters, it is just past 7:00 p.m. on monday. there may be a new favorite to have the fed. , netflix storming ahead in its drive to create a global television network. shares and costs are rising as subscribers switch on. ♪ have amedia influence, i cool chart that shows a much immediate talk is affecting the market. #btv 5195. the blue bar you see on the bottom, they represent how many times you hear in the media, buy the dip. since 2002. the more you hear this, particularly in the last several years, the higher the markets go. maybe we have solved the puzzle. why do these markets keep going up despite all these terrible headlines? us, really.on saw interesting moves overnight. not just stocks but also with dollar treasuries. he really is becoming more of a serious contender. thet yellen speaking with president this week as well. >> i w

i am yvonne man, welcome to "daybreak asia." tol street gains expected expand in asia. robust earnings amid speculation of the fed. they say janet yellen is out of the race. that leaves just john taylor in jerome powell. betty: from bloomberg's global headquarters i am betty lou, where it is after 7:00 p.m. thursday. mario draghi switches gears, saying a short taper may be an option in 2018. amazon proving it can deliver on all fronts. sales topped estimates and stocked -- stocks jumping in extended trade. ♪ betty: it is risk on one day, risk off another. today it was risk on. some event in washington like the house passing a budget resolution, helping sentiment along. earnings have been a big driver in the markets, particularly today. i want to pull up a chart that shows you where we are in the earnings season. it is g #btv 2346. i love the title, "the beat goes on." about a quarter of s&p 500 companies have beaten earning estimates. they set a lower bar so beating them is not that big of a deal. it shows a trend. these earnings continue to rise. even if they taper o

is the ai ip just for asia? people asking questions about how much you should be investing in projects that don't have an asian footprint. when china took the lead in setting up this bank, the idea was very much clear. -- aiib would be developing asia's infrastructure but it's also indicated that the investment between asian countries and non-asian countries can occur. we will cover all of the countries which are interested in participating in the globalized economy and a cooperation. to your first question, i think private sector will have a wonderful opportunity to put their resources in the best projects for sustained returns. i think this is important. asian countries are keenly interested in working with african countries, south american countries, and eastern european countries. this is good for almost everybody who is interested in joining. when will you make your first investment outside of asia russian mark -- asia? >> we did. our board approved a renewable energy projects in egypt. we are also preparin

now it's been a big week for business in asia. china is shaping it's future as the world's second biggest economy and injapan the problems are deepening for a manufacturing sector that certainly used to be regarded as one of the best in the world. 0ur asia business correspondent karishma vaswani is in singapore. good to talk to you. let's begin with this latest news causing problems for the made injapan brand. the nissan cheating accusations, this idea that they have been fabricating specifications on some of their parts for a while 110w. on some of their parts for a while now. yes, you know this is something that has dominated the news in asia this week. it comes after a litany of scandals in corporate japan. today we are hearing that japanese officials are saying it's unclear how long these problems have been going on at nissan. that's japan's second—largest car—maker. investigations are continuing as we speak. to remind our audiences, nissan is suspending production at six of its domestic car plants for two weeks. these mak

this is "daybreak asia." the fed minutes show some policymakers one more inflation evidence before they have another rate hike. the markets determine that is dovish. and new highs, the asian pacific expected to rise, as well. betty: i am betty liu in new york, it is after 7:00 p.m. wednesday. president trump an hour ago talking tax, saying the current code is holding america back. the speech was long on promises, short on details. amid more detail permitted g.m. the latest company hit i the scandal. ♪ betty: we heard president trump talk about tax reform and how it would be a boon for the average american. also a boon for the u.s. stock markets. he talked about how he has seen an unprecedented rally in stocks, based on his presidency. i want to pull up this chart, which i think is fantastic. it shows you how much the s&p stocks have risen since trump took office. in thee has gained more timeframe he has been in office obama, and clinton in 1992, he is behind kennedy, bush in 1998, clinton when he was reelec

here is how we are faring so far in asia. not a whole lot of action with markets in new zealand kicking things off. down a fifth of 1%. strength easing on this monday. we are seeing up a fifth of 1%. looking for a slight improvement after some steady gain. could ben, 100 1268, seen some gains on the equity markets this morning. it's golden week in china. the day after we got some big fireworks yesterday night and treating in india or south korea. let's get you caught up in singapore. morning, china rose to a five-year high, indicating efforts to clean up the financial sector and environment aren't yet hitting the economy. from 51.7n september a month earlier and beating expectations of 51.6 in a bloomberg survey. slipped.y a cut in the amount of cash lenders. -- 90% of city commercial banks and 95% of rural commercial lenders ranging from 0.52 -- foreign lenders will also be illegible if they meet the requirements. south korean experts rose to a record month in the global economy. shipments rose in the 11th month of 45%. impo

that with us our innovations magazine for asia. every week and always looking to the future fund d w dot com science and research for asia. mia sun media where does it come from the quality of the month of two is all of us top. starting october fifteenth on w and online stories that people the world over t.w. on facebook and twitter to date and in touch follow us.

trump has a big week heading to asia on friday. chair announcement, which i think he really wanted this week to be more about the new celebrity apprentice than america's most wanted, so definitely a distraction, but it has been interesting to see a lot of republican lawmakers going on the sunday talk shows and supporting the president. that includes some reliables you would expect to be on his side, chris christie, trey gowdy of the house intelligence committee, but also senator susan collins, who is a moderate. she came out strongly for trump. in a way he may be getting his republican coalition to rally around him a bit on this. haidi: he needed that solidarity. does that mean tax reform could be done by the end of the year or earlier? officials are suggesting that could be possible. they have an aggressive timetable and we are expecting the house tax writers to release their plan on wednesday, which should include many details we have not seen thus far. the senate plan which is being developed separately could still be a couple o

good morning, asia, hello, world. welcome to asia business report. i'm rico hizon. the european union has launched a fresh crackdown over taxes paid by technology giants amazon and apple. amazon has been ordered to repay more than $290 million in back taxes after european regulators that it was given an unfair tax deal regulators that it was given an unfairtax deal in regulators that it was given an unfair tax deal in luxembourg. the european commission also plans to ta ke european commission also plans to take island to court over its failure to collect billions of dollars of back taxes from apple. —— ireland. let's find out more on this. the european commission is really busy but what do these allegations mean for amazon? really busy but what do these allegations mean for amazon7m really busy but what do these allegations mean for amazon? it has to be said the europeans have been very aggressive with major multinational companies that they believe to be avoiding taxes. the european commission conducted a nearly three—year investigation into amazon's tax prac

to order the committee will come a the joint chiefs of staff for a hearing on afghanistan and south asia the secretary previously indicated he would be back to discuss the approach to this region once it was decided and that is the topic for today i a understand there are many issues facing the department and this committee but with time and focus please confine your questions to today's subject united states officially launched operation in during freedom october 7, 2001 almost exactly 16 years ago approximately 2,400 service members have lost their lives in the conflict and another 20,000 wounded. as this administration formulates its policies the american people and members of congress have basic questions such as does american national securities towards our presence in afghanistan? do we have a strategy to succeed or avoid failure? how was this administration is approach different from previous? can we ever be successful in the face of of dien duplicity and corruption? both have considerable experience with this conflict and i believe they are as authoritative as anyone to provide t

and asia, we are getting that rally,d from the u.s. that some markets looking at a down week overall. let's look at what is moving and what is not with sophie. sophie: a dreamy friday for asian stocks, but the first weekly decline for the regional tochmark, volatility falling the lowest on record. currencies under pressure as we are seeing a firmer dollar. euro extending losses after qeish mario draghi put up a tapering sign. foreign buying is ramping up. strong earnings keeping valuations and check. the nikkei 225 set for its seventh weekly advance with the yen above 114 and that flat cpi reading not moving the yen too much. the aussie faltering, the korean won losing ground. i have the focus on the ring indonesian ring it. malaysian stocks are on the rise, gaining .3% this morning as the budget is expected to be packed with a election goodies, but bonds are getting sold off. net lunch in the 30 year note as investors weighed to determine if the indian central bank will keep the fiscal deficit in check. bond yields moving ahead of tha

at least half of the cabby‘s profits are due to asia. but since the financial crisis, they have been cutting jobs to make the company more profitable, while making dividend payments to shareholders. the bank's continued bet on asia, according to analysts, is why they have been continuing to get results. thank you so much forjoining us. but let's look at what is trending, now, in business, today. the guardian says the uk could undergo a fourth industrial revolution. a post—brexit phenomenon that could add £445 billion to the economy. and billionaires love buying sports teams. but apparently it's notjust an ego boost, its actually good for business. that story on business insider. and apple is taking product leaks very seriously. marketwatch reports that an engineer was fired after his daughter uploaded a video of the new iphone x to youtube. and don't forget — let's us know what you are spotting online — use the hashtag #bbcthebriefing. let's have a quick look at the markets. that's it for business briefing this hour. come out next

welcome to "daybreak: asia." chinese markets return from the golden week break, traders watching for reaction, the search in age shares in hong kong. opec says output curbs are rebounding the market, but extraordinary steps may still be needed. 7:00: it is just after p.m. in new york. a forecast from the fed distorting payroll numbers. rates are still expected to rise in december. and japan's great debate, abe reporting his support for the boj. others say reform must come quicker. ♪ betty: chinese markets coming back online. if have others like japan offline today. we are washing for reaction to the jobs report on friday. it was really quite interesting. you continue to see -- for the first time, you saw the equity markets little bit unsure of how to read the jobs report. wage growth surprising many economists. i want to pull a chart that shows you how disjointed the treasuries market has been from the equities market. 6076. as you know, equity markets have been on a record run, it seems like stock investors be

i am yvonne man, welcome to "daybreak asia." the russia house, a former company buys or claims the presidents campaign team approved a meeting with moscow. at least eight are killed when a truck hit cyclists with -- in new york. dozens call it terrorism. betty: from bloomberg global head quarters, i am betty liu where it is 7:00 p.m. and tuesday. chicago bowing to the 21st century, will launch bitcoin futures by the end of the year. a global problem -- problem, big tex talks about russia's manipulation of social media and says they were caught flat-footed. ♪ betty: speaking about russia, it within the last hour a new headline about george papadopoulos, the former trump advisor. some claims he made in an email stating top trump campaign officials agreed to a pre-election meeting with representatives of russian president vladimir putin. we saw inrevelation the last couple minutes, bolstering the claim and making it harder for the trump administration to distance itself when it comes to these meddling issues, as well as collusion

let's get the view from our reporter in brussels catherine martens as well as our asia correspondent andrea hang i do both catherine let's start with you should european consumers be worried. the conflicting evidence the european member states indeed faith in providing a clear consumer. indication of whether life present is harmful or not and this added to read only emphasizes a feeling of consumer insecurity in europe and probably fuel civil society protests in europe as well and how's the i recall troll industry in asia reacting to the news well there is concern and no where in awareness about the use of legacy and its potential harm to humans but not really conclusive studies have been conducted just yet not enough to create. these there's a study. that focuses on the. apparent evidence of like to see in pregnant women on the other hand sometime last year it's high what had a clampdown on quick oats products which had traces of blood so there is concern just not quite a big enough one yet ok as far as the market goes in the asia pacific it's the biggest for glaive aside i guess a

you are watching "daybreak: asia ." breaking news out of australia, the trade balance for august has just been released and we are seeing that it moved to $989 million aussie from 469 million aussie in july. the bloomberg survey was looking for $850 million aussie, so beating the forecast. yvonne: more in terms of export growth. retail sales was quite a mess. we were expecting a rise of just .3%, we are seeing things in contraction, august down .6% for retail sales after we were pretty much flat the month before. eighs on where the r.b.i. is going to go, the market pricing a rate hike in july. if we take a look at household debt and weaker wages, you can see that reflected. kathleen: it rose 1% from a month earlier, imports little changed. it is understanding, we were talking earlier with adam haigh about the strong aussie dollar and how that complicates things for the rba. interesting that exports are doing ok in spite of that. we have got the data broken on australia. let's get to first word news with paul allen in sy

or for every week and always looking to the future on d w dot com science and research for asia. my name is along that up but. i'm a mexican conductor. come with me and me great musicians and friends from all over the world. we're

good morning asia, hello word. it is tuesday and glad you could join us. we start off in the us and according to new york, they have found a former hsbc traded guilty in defrauding a $3.5 billion currency deal in 2011. markjohnson has been accused of exploiting confidential information. joining us is our business reporter, monica miller. this court case is being closely watched in the financial community? absolutely, it took the jury in brooklyn two and a half days to find him guilty of defrauding his clients in 2011. what prosecutors argued is johnson, with his colleagues at hsbc, inflated sterling right before they converted three and a half billion dollars into sterling and what he got in return was $7 million in profit for the bank. prosecutors used audio recordings and probably the most incriminating one they had was one of him saying, i think we got away with it. johnson's lawyer says his client is innocent and his words were taken out of context. monaco, what makes this case so unusual because banks for many years have been known to manipulate the c

asia gives you growth. it has that cyclicality so markets like korea, taiwan, you have got the exporters, the the semiconductors. it is natural to favor asia. plus, if you can buy that cyclicality cheaper, it makes sense. manus: i will leave you there. we will talk more with -- remi olu-pitan stays with me. we have a little bit more to get through. coming up on the show, weakening obamacare. ensure antrump to executive order on health care. this is bloomberg. ♪ manus: ok. corporate story of the day. 8:15 a.m. in germany. bsf has indicated a little bit lower this morning. probably down by about one point 1%. that is what is going through on trade gates. up 14 quick nod to that, point 5% to the closed last night at 8131. dss is to buy parts of the bio bas isscience business -- to buy parts of the bio corp. science business. breaking news headlines coming sf.ough from the ba crop and herbicide business will be -- by 2020. the earnings per share accretion by 2020. we'll bring you these headlines. the euro sto

openingn hour away from markets in asia. betty: we are going to look at how all of the action from wall street will play into the trading day as we close out the month. for markets in the u.s., but also bang on for numbers coming out of new zealand. coming out, the jobs report, the rate falling to an eight year low. unemployment dropping to an eight year low. at 4.6 percent. the estimate was for four point 7%. this all as wages gained about 0.7% quarter on quarter. nongovernment ordinary wages rising. that's helping along the kiwi. haidi: absolutely. we saw a second month of gains for the u.s. dollar, and a bit of a resurgence in the numbers betty just went over. there is concern for the growth outlook when it comes to new zealand. we are going to get more on the beingof foreign investors banned from buying homes later in the show. reforms.ential maybe a change in the mandate. what that is going to mean for interest rates and the pace of growth. we are seeing a little bit of downside when it comes to the kiwi session and equ

and invited to many asia to see our new sustainable for harvest. before i leave thailand i managed to get my first taste of kenya i want to give it the respect that island has. and do it the japanese. fire the charcoal. come out of that that he. had them get laid. and then you're. tell you if you shoot like that one thousand dollars in the bomb hit it on the price of gold. it's role it's and it's so an emetic it's like betting a chunk of this. is the best. definitely able to ensure. you're. in malaysia that is to you no one would want to put this moment. on the scientists quarto two hundred thousand pilgrims are you going to explore. many of these and we're going to ask one of the people of. the next living from harvesting with force provided. some of those bridges these diseases known here as the heart. and it will fall by you how do. and then it is the fans to have seen growing in the forest. and i have come this is already wounded like this as i say you know how do i do you see my tiny little euclid might end up getting ready to do it under the

daniel rush with holt from the asia society. russellss -- daniel from the asia society. don't miss it. let's get a check of the market action right now in asia. .1%, but thed, up kiwi is down .25% against the dollar. we got the stronger dollar on friday off corporate tax reform in terms of a bipartisan deal in the senate. there are immigration concerns in new zealand. .25%, and theup aussie dollar just about flat. we are counting down to the open in japan and korea futures trade in chicago, up .75%. no surprise. because of the reelection of the ldp in japan. weakerlar and the yen against the u.s. dollar. also no surprise because of continued monetary easing. let's get to first word news now. >> catalonia's separatist leader says spain's control is reminiscent of the franco dictatorship. the government has invoked part of the constitution that removes catalonian autonomy. a.m. localntil 10:00 time monday to make their position on independence clear. the spanish authorities are expected to remove him from office. ministerealand prime believes in the principles of free trad

show there with us in our innovations magazine for asia. every week and always looking to the future fund d w dot com science and research for asia. and the d.w.p. because i may speak your language to talk about them. for content in dari pashto and order prospects for returning our web special refugee journeys of life in germany and the prospects for those returning home. join the discussion on t w dot com and on facebook. prospects for returning s d w maybe for my. welcome to house and this week we hang out with some new.

i am could join us on asia business report. iam rico could join us on asia business report. i am rico hizon on. the company behind angry birds‘s shares will start trading in helsinki. it was one of the first studios to make a breakthrough mobile game and it even released a blockbuster movie featuring sean penn. the company has fallen down the pecking order in recent yea rs. fallen down the pecking order in recent years. a royal seal of approval. and a former uk prime minister who just could not get enough. it is quite addictive. back in 2011, rovio -- enough. it is quite addictive. back in 2011, rovio —— rovio was worth a lot of money but is now gone down quite a bit. some experts say rovio was too slow to move to the new model, allowing users to download the app for free and charges them for special features such as extra lives and additional levels. for special features such as extra lives and additional levelslj for special features such as extra lives and additional levels. i am the ceo of rovio and are in working with these great angry birds all day. the business

coming toe're both you from bloomberg's asia headquarters. this is bloomberg markets. ♪ sophie: china returns with a bounce from the golden week break. banks leave the market higher after a rrr cut. rishaad: global banks going+++ showing a split personality. sophie: australia's mantra group is one of the days winners. they've all 8 -- the hotel at almost $1 billion. rishaad: the great debate in japan. reforms must comes quicker. sophie: we had quite a bit over the weekend when it comes to potential geopolitical risks. we had trump tweeting in a spat between the u.s. and turkey any elevated another level. we are seeing the turkish lira on the backs which. withad: this is all to do temporary visas by each country, isn't it? sophie: turkish lira facing its worst drop since last summer. this could worry emerging ,arkets should the lira selloff perhaps take a life of its own. turkey does have a large current account deficit it is too dependent on foreign money. emergingok at what the markets are reacting to and it comes to this. we look at what

and india to jointly take a larger leadership role together in southeast asia. it was quite an important statement. you also indicated that there would have to be an evolving architecture coordination. you hinted that it could revolve around expanding the u.s.-japan-india trilateral. is that going to be the architecture of america's new engagement in this strategy? >> if you think about the map, as you heard me say, the indo pacific to the western part of the united states, that's the part of the map we're dealing with, india is very significant and important democracy pins one side of that map. japan, another strong democracy that we have strong security relationships with, pin thing side of the map. but there's an important part of the south pacific that hs we think needs an important pinpoint, as well. australia, another very strong and important strategic partner, ally to the u.s. has fought in every war and alongside us in every battle we've ever fought, the australians have been there with us. so we think there are some useful conversations to have in the

asia's share of global g.d.p. 50% by to surpass middle of this century. we need to collaborate with indo-pacificure the is increasingly a place of peace, stability and growing prosperity, so that it does not become a region of disorder, predatory d economics. the world's center of gravity is heart of the e indo-pacific. the u.s. and india with shared peace, security, freedom of navigation and free serveen architecture must as the eastern and western eacons of the indo-pacific, as the port and star lights between which the region can reach potential.nd vast first, we must grow with an eye to greater prosperity for our peoples and those throughout the indian and pacific oceans. 2050, india may boast the second largest economy in the world, india's population with median age of 25, is expected to surpass that of next decade.n the getting our economic partnership critical. economic growth flows from ideas.ive no two countries encourage innovation better than the india. states and the exchange of technologies and deas between bangladesh and silicon valley is c