emotions running high in shanghai as murray wins again. and england wait for news on the fitness of billy vunipola while an incoming typhoon threatens this weekend's rugby world cup matches. hello and welcome to sportsday. in most sports if you were taking over a team that was already world champions you'd think that the only from there was down, but not with english cricket. chris silverwood, the new head coach of the men's team, will know that there is plenty of room for improvement. this summer the one—day world cup victory was followed by a drawn ashes campaign which saw austrlaia retain the urn. but what do we know about the man who'll be leading the team in theirforthcoming tour of new zealand? well, before he was an england coach, he was an england player. it was never an exceptional stint in international cricket — he played only six tests. but he's enjoyed success as coach. he led essex to the county championship title two years ago. during his time at chelmsford his record was unblemished: two seasons, two trophies — promot

but when it comes to moving the cars made in shanghai to moving the cars made in shanghai to other parts of the world, i wonder how that will play out with this current trade war between the us and china? that will be an issue. it's issue for lots of countries done by companies that manufacture in china. committees will have to decide what to build, where to build it and how. they need to find the right mix of products to broaden their portfolio, what to build, and where to build. in the meantime, eve ryo ne where to build. in the meantime, everyone is catching up. the carmakers globally are making electric vehicles, they have some coming to market next year and beyond. how will that impact on tesla in the future? i think that's good news. tesla has shaken the car industry over the last few years, but welcome the competition. more competition, more cars on the road means a better charging network was that it means awareness and word—of—mouth will spread as people enjoy using electric vehicles. next year, honda, mini, vw, vauxhall, will launch more evs with more comfort and a decent r

this is a reach in shanghai is the venue for the l.a. lakers against the brooklyn nets the brooklyn nets are owned by a chinese billionaire this is a big match for china not least because it's an n.b.a. pre-season game but it's not being televised this area that you can see to the right of me here is empty it usually is packed full of stalls selling merchandise but there's nothing there there have been no press conferences there have been no public meetings with the teams in fact there's been nothing what there is tonight are a lot of chinese basketball fans who are very angry very angry about a 7 word tweet that was put out a few days ago by the general manager of the houston rockets since support of the protests in hong kong. mari is a troublemaker he causes huge trouble i hope he will apologize for this this is a little overwrought if you are here he stupid to make that comment that has hurt the feelings of chinese fans and the reputation of being self the fallout here in china from that tweet has been significant very large chinese f

it's a hot topic on shanghai's basketball courts vis players love the game. but right now they hate the nba. the houston rockets general managers tweet in support of hong kong protestors really cut d. devices what he said his profoundly hit the feelings of the chinese people's. it's our sense of patriotism i know people who have being humiliated. i'm a houston rockets fan because of this incident i'll contntinue to wath them play i'm going to support him as much as they did before. authorities claim a whole nation has been offended and they won't let this slide. in response chinenese televevision will be broadcasting this year's preseason game. hi young should heaving doll five dollars shipping for houston rockets general manager has made inappropriate comments regarding hong kong. we strongly reject them. . he evenn the posters promoting one of those preseason games t taking place in shanghai for being torn down this young i. t. professional finds this appropriate. call it so that the one time i'm quite pessimistic if they offer an apology than business can

and novak djokovic continues his impressive form, and remains on course for a 5th shanghai title. we start at the rugby world cup, where wales and australia have become the latest teams to qualify for the quarter—finals. josh adams scored a hat—trick of tries, as the welsh came from behind to beat fiji in oita. it's a result which knocked out the fijians, while sending the wallabies into the last eight. jess softley reports. the team not to be underestimated, if there was a qualifier for the quarter—final fiji would need to be beaten. tuisova claimed a try and fiji the early advantage. after both sides saw tries disallowed, while we re sides saw tries disallowed, while were brought into the game with two tries from josh adams giving them the lead at halftime. but fiji were not backing down, pushing forward to reta ke not backing down, pushing forward to retake the lead with this penalty try and look like they might take the match. two players clashing one taken off the field as a precaution. but then a gap in the fiji defence and adams scores. williams ready to put the games

andy murray's through to the second round of the shanghai masters after coming from behind to beat juan ignacio londero. the win means he'll climb inside the world's top 250. joe lynskey reports. the comeback continues, but the matches aren't getting any easier for andy murray. after reaching the quarterfinals of the china open, the former world number one will have fancied his chances in shanghai. but juan ignacio londero had good ideas, the argentina making life difficult for the three—time champion in the opening set. two rates of serve in the second, though, and andy murray was right back in the match. 12 months ago, he could only have dreams of moving around a court like this. in the decider, he began to ta ke this. in the decider, he began to take control and was getting more fired up by the minute. commentator: game, murray. fired up by the minute. commentator: game, murraym fired up by the minute. commentator: game, murray. in the end, his class was clear to see, just how far this comeback will take him is perhaps not so clear. for now, his performances are being rewarded with

roger federer cruises into the next round in china, on his quest for a third shanghai masters title. and, the nba goes on the defensive, over a freedom of speech row in china. i regret having communicated directly with friends in china that so directly with friends in china that so many people are upset. hello and welcome to the programme. news from the italian serie a to start with. ac milan have sacked manager, marco giampaolo, afterjust three and a half months. former inter boss, stefano pioli, is expected to take over, with the 18—time champions currently three points off the relegation zone. earlier i spoke to italian football journalist daniele verri, who feels the manager paid the price for the team's poor start to the season. u nfortu nately, unfortunately, marco giampaolo did not make the team perform as expected. ac milan lost four of the first seven games of the season and that was not enough for them to give confidence. although he want the last game in genoa, there was not a change in terms of the performance on the pitch and that prompted ac milan to dismiss him. marc

david: that was the amcham shanghai president speaking with stephen ingles in shanghai. yvonne: as relationships with the west worsen, beijing is hoping to strengthen ties with neighbors. they are meeting today and tomorrow as xi jinping visits india to discuss dispute over border and trade. david: let's bring our asian government reporter. what is on the table? >> we are likely to see them talk about trade. the regional comprehensive partnership trade negotiations ongoing. they have dragged on for years now. india is dragging their feet. china wants a deal that india is afraid of having chinese goods flooding in and replacing jobs. that will be on the agenda. another thing will be cashmere. india made some pretty striking moves on cashmere in august in how the territory is governed. xi jinping, a longtime ally of thestan, which objected to moves india has done, so that is likely to come up because xi jinping just posted the pakistani prime minister and offered from support. india was forced to come out and criticize that stand. those are the tensions bubbling ahead of t

they planned to have exhibition games in shanghai. russian marks over -- question marks over whether these games will go ahead. we will look at the impact for the nba. they have 800 million fans. it is not just the nba that suffers, but china and its image on the global stage. you see this and the democrats, the republicans, and others in the u.s. thes another sign of belligerence that beijing can stoop to when it tries to get its way on these issues. shery: tom mackenzie and sarah mcgregor, thank you so much on the latest for china-u.s. trade talks. wilbur ross will be speaking at an event in sydney later thursday. we will bring you that speech on bloomberg markets, the china open, so due to an in then. -- do tune in then. demandingn washington immediate sanctions. the president, erdogan, says ground troops are in syria after a wave of airstrikes on kurdish forces. let's cross to washington, and joe sobczyk joins us now. warning turkey that there will be more than sanctions if turkey ask inhumanely -- acts inhumanely. have a decided

preseason game in shanghai failed to materialize on thursday the arena in shanghai was nearly full for the game between the brooklyn nets and the l.a. lakers brooklyn winning this politically charged clash $114.00 points to $111.00. the team at the center of the china n.b.a. well the used rockets are currently in japan on a pre-season tour while chinese firms and fans are lining up to cut ties with the league its popularity in japan remains undiminished the rockets are taking on the current n.b.a. champions the toronto raptors at the side thomas super arena in tokyo used to winning one of them 18111. organize the rugby world cup of cancelled 2 matches on saturday's typhoon. moves closer to the coast of japan the match between england and france in yokohama has been called off with england going through the quarter finals as winners of pool c. and france progressing as the runners up the match against italy has also been cancelled effectively ending italy's slim hopes of making the final 4 we always knew they were going to be risks it's rare for a typhoon of this magnitude to cause this

and hong kong with shanghai forming a relationship already earlier this summer. we have heard earlier on in september that their preferred way to access china was through shanghai today, you could say works in the favor of shanghai and away from hong kong the question for exchange investors is lse refinitv is next on the agenda >>> moving on to carrie lam, her government says they have no plans to legislate new powers. as you know, they banned the wearing of face masks. this provoked a fresh round of protests from activists. earlier today, lam said it was possible she might request help 23r beijing. >> at this point in time, i strongly feel we should find the solutions ourselves. that is also the position of the central government that hong kong should tackle the problem on her own if the situation becomes so bad, then no options could be ruled out. if we want hong kong to have another chance >> let's talk about the reaction in the global markets. you can see a lot of red as markets are feeling a lot of tension ahead of the upcoming trade talks set to take place

shanghai is important. in context, it's 15% of tesla sales from china that's at products essentially 20 to 40% more expensive because of tariffs some of those, not all will be eliminated so opens up this big market for- dsh from a logistics standpoint and cars being made more affordable my guess is the guidance, the delivery guidance for december assumes that -- haven't had a chance to go through the whole release. but assumes that they are going to be delivering some cars into that big market. that's an important factor i would put that number two behind the earnings and the importance of the call tonight >> gene, it's tim. let's talk about the profitability. i think you're getting at with the deferred revenue ability to have flexibility in the numbers. because the kuchgs for me is second quarter was record numbers and record cash burn and a major loss and you had dynamic where we really didn't see any improvement. and in fact the revenue mix for the three versus the x and the s has been leading to less pr

shanghai will become a template for future growth. oanh: global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm oanh ha. this is bloomberg. let's pick up on the tesla story. the share price surged after hours. this was a report that broke the or elon musk but revenue dropped, so how did he pull this off? oanh: tesla said they were able to curb costs and be able to add gross profit margin. this was an after-hours earnings surprise. we saw the stock climb 20% so investors were surprised and pleased about the results. took to twitter right away to highlight the positive news and most notably, as we mentioned, the shanghai factory is slated to open this year ahead of schedule. he said trial production is underway. nejra: the factory in shanghai ahead of schedule, good news and an important market for tesla. this report was packed with positivity. what should we still be concerned about because there have been moments in the past when the company has post

and murray bows out in shanghai, but he's set to make his singles return to grand slam tennis next year! hello and welcome to the programme. england's women scraped their way to a much needed victory over portugal in s—tubal tonight. head coach phil neville said that it was a must—win game before kick—off, after his team had failed to win in all 5 of their matches since this summer's world cup. they were gifted a goal, after a poor performance, but in the end, a win is a win. adam wild reports. this may have beenjust this may have been just a friendly, but this trip to portugal was not without its pressure. putting on a brave face on things but results and performances of late have been poor. would england needed his improvement in the first step they could not quite stretch the net. five games of that of when myth and desperate for inspiration, the best of their first half chances cleared off the portugal line. not a performance to ease that pressure. bringing more chancesin ease that pressure. bringing more chances in the second half but england were unable to take them. a more

if china makes the switch and privatize is the shanghai's -- privatizes the shanghai stock exchange, i would expect consolidation between the clearinghouse, the china financial futures exchange and exchange,he hong kong which could create a $250 billion company. that's what we are talking about, global financial infrastructure. not the tiny, nationally configured exchanges. it is a global industry, and i believe there will be two or three that emerge. manus: we are waiting what happens with brexit? xavier: we can wait a little longer, we have waited for years. [laughter] manus: central bank governor mark carney said to expect investment to come back. goyou expect, if things according to plan and there's an agreement, we would see an accelerated movement of capital back into the u.k., after dropping 25% since brexit? xavier: i think the governor is right. the last three years of uncertainty, increased uncertainty, investment has been put on hold. there is a transitional -- if there is a transitional arrangement that would suggest parties are coming together, investigation would resume

and 23 andy murray became the shanghai masters youngest champion. world number 56 bound his group early on. giving murray the runaround. early on. giving murray the ru na round. after hitting early on. giving murray the runaround. after hitting 18 winners heat at the per set 6— to the stop time for murray to turn it up a notch. moves like this change the direction of the match. murray equated break point chances and adapters with his hands goes, taking this to the third set. but things got really competitive and frustrating stop his opponent was getting a chance to break to love. a moment in the argentine proper had murray exasperated an attraction of this team, all of their anger was released into this forehand. his opponent could not keep a resurgent murray of spain and neither his emotions. slapping himself into gear did no good, as michael tait moved to the next round and be riots direction of his comeback. today has been a rest at the rugby world cup today. a number of teams can secure a place in the quarterfinals with a win this week. wales

murray bows out in shanghai — but could he be set to make his singles return to grand slam tennis? and breaking records again — simone biles leads usa to gold in stuttgart to become the most decorated female in world gymnastics history. also coming up in the programme. the plan to transform women's cricket — as a multimillion investment is announced. could it help encourage more young girls to take up the sport? it is about young girls sing cricket asa it is about young girls sing cricket as a sport that they can get into and progressed through and be professional. and "putting" her sport on the map. british shot putter sophie mckinna speaks to us about her recent success at the world athletics championships in doha. hello and welcome to tonight's programme. as tensions mount once again ahead of tomorrow morning's rugby world cup ties with two of the home nations in action, wales could have their place in the quarter finals tied up with a bonus point win over samoa. but for scotland, their clash with russia will be crucial. they need maximum points to set up a potential winnerâ

the same from china in 2019 so another $400 million from china alone so we are starting an office in shanghai but the interest is concrete for us. also encouraging chinese investment has been the uae‘s push to strengthen chart —— ties with beijing. first of all, the visa. we don't need visa to come to dubai so this is a big difference and chinese feel very free to come and also to live here and now you can see, even in dubai mall, you can see the chinese word sign so it's quite easy for them to explore in dubai. as dubai prepares to host expo 2020 next year, chinese investors won't have forgotten the boost the world fair have forgotten the boost the world fa i r style have forgotten the boost the world fair style event gave to shanghai property prices a decade ago. chinese investment in this corner of the middle east looks set to keep rising for now. vivian nunes, bbc news, dubai. it's take a look at the asian market. today, japan is playing catch up after yesterday's gains. you have the all 0rdinaries index also up byjust sent them a percent, despite us stocks halting a three day winni

come to an end the defending champion and 4 time winner last to 68 to finalist kisses a fast and the shanghai masters quarterfinals before 5 does that matter djokovic had won 24 straight sets in asia the victory for the city has also and him a place in the a.t.p. finals for the 1st time. oh you're 22 and call the fires continue on friday england are taking on the czech republic later on in the manager gus gate has stressed that his players will follow us the protocols that if they experience any racist abuse during these call 5 on monday england will face bulger area where the match well we played in a party at close stadium after racist behavior in the past this week chelsea striker time in abraham said that players are prepared to leave the pitch if they're targeted by racists abuse regardless of the u.s. up protocols. the play is over the same time have the right to have a voice and speak their mind openly. and i encourage them to do that because we have a chance to make a difference on a very important topic as well. but my priorities are creating the environment that they feel going into

robin brant reports from shanghai. this is china's most famous car. it tra nslates this is china's most famous car. it translates to red flag. filled in the decade of the first people's republic, it has carried everyone from mao zedong to its current leader xi jinping. from mao zedong to its current leader xijinping. in the decades between this and this, the latest met model, china has become the world ‘s biggest car market. but has that moment passed ? world ‘s biggest car market. but has that moment passed? it is a mid week afternoon and they are thinking about buying that they do not want something new. translation: i am still walking around. i haven't decided yet. and there is plenty to see here in one of china's guest second hand car markets. he is not your average car salesman. ten years ago, this has expanded because chinese trust cars that have been owned before and then of course there is the price. translation: make in recent years, more people buy secondhand cars, maybe because the business market is not growing or even declining. you h

preseason game in shanghai failed to materialize on thursday the arena in shanghai was nearly full for the game between the brooklyn nets and the l.a. lakers brooklyn winning this politically charged clash $114.00 points to $111.00. the team at the same for of the china n.b.a. round the used rockets are currently in japan on a pre-season tour while chinese firms and fans are lining up to cut ties with the league its popularity in japan remains on the minish the rockets were taking the current india champions with their own so wrapped up the side thomas super rename tokyo euston winning $118100.00 and even. organizers of the rugby world cup of cancelled 2 matches on saturday as typhoon moves closer to the coast of japan the match between england and france in yokohama has been called off with england going through to the quarter finals as winners of pool c. and france progressing as the runners up new zealand's pool b. match against italy has also been cancelled effectively ending its only slim hopes of making the final 4 we always knew there were going to be risks it's rare for a typho

this is a reach in shanghai is the venue for the l.a. lakers against the brooklyn nets the brooklyn nets are owned by a chinese billionaire this is a big match for china not least because it's an n.b.a. pre-season game but it's not being televised this area that you can see to the right of me here is empty it usually is packed full of stalls selling merchandise but there's nothing there there have been no press conferences there have been no public meetings with the teams in fact there's been nothing what there is tonight are a lot of chinese basketball fans who are very angry very angry about a 7 word tweet that was put out a few days ago by the general manager of the houston rockets since supports all of the protests in hong kong. mari is a troublemaker he causes huge trouble i hope he will apologize for this this is a little overwrought it be a hammer he stupid to make that comment that has hurt the feelings of chinese fans and the reputation of n.b.a. themselves the fallout here in china from that tweet has been significant very larg

preseason game in shanghai failed to materialize on thursday the arena in shanghai was nearly full for the game between the brooklyn nets and the l.a. lakers brooklyn winning this politically charged clash $114.00 points to $111.00. the team at the same for of the china n.b.a. round the used rockets are currently in japan on a pre-season tour while chinese firms and fans are lining up to cut ties with the league its popularity in japan remains on the minish the rockets were taking on the current india champions which runs a raptors at the side time a super renamed so if you use that winning $118100.00 and even. i organizers of the rugby world cup of cancelled 2 matches on saturday as typhoon moves closer to the coast of japan the match between england and france in yokohama has been called off with england going through to the quarter finals as winners of pool c. and france progressing as the runners up new zealand's pool b. match against italy has also been cancelled effectively ending its only slim hopes of making the final 4 we always knew there were going to be risks it's rare for

pre-season game in shanghai failed to materialize on thursday the arena in shanghai was nearly full for the game between the brooklyn nets and the l.a. lakers brooklyn winning the politically charged clash $114.00 points to $111.00. the team at the same. for of the china n.b.a. role the use and rockets are currently in japan on a pre-season tour while chinese firms and fans are lining up to cut ties with the league its popularity in japan remains on the minish the rockets were taking on the current n.b.a. champions who want to rep to the side thomas super renamed tokyo used in winning 118100 and. i organizers of the rugby world cup of canceled 2 matches on saturday as typhoon moves closer to the coast of japan the match between england and france in yokohama has been called off with england going through to the quarter finals as winners of pool c. and france progressing as the runners up new zealand's pool b. match against italy has also been cancelled effectively ending its only slim hopes of making the final 4 we always knew there were going to be risks it's rare for a typhoon of this

president putin's initiative of the great eurasian partnership involving the economic union countries, shanghai cooperation organization, asean, which is open to all other eurasian memberincluding e.u. countries. we have always started moving in this direction by interconnecting the plans of the eurasian economic union and the chinese project one belt, one road. consistent implementation of these endeavors will venture should be not only to increasing economic growth but also to laying a solid foundation to forge an area of peace and stability and cooperation from lisbon to jakarta. ladies and gentlemen, and the run-up to the next anniversary of the united nations, i would like to underline the u.n. centric system of the world order, despite all trials -- remains stable and has a great capacity for resilience. it is a kind of safety net which guarantees if the charter is respected a peaceful development of mankind by finding a balance of sometimes rather contradictory interests of various countries. as we approach that 75th anniversary, the main conclusion is probably that the experience of non

at the core of president putin's initiative of the partnership involving the eurasia union country, shanghai aseanation incorporation, . we have already started moving in this direction to interconnecting the developer plans of the eurasia economic union and the chinese project, doubt and road. -- belt and road. also to laying a solid foundation in order to forge it area of peace, stability, from lisbon to jakarta. in the run-up to the anniversary of the united nations, i would like to underline, the world and has ains stable great capacity for resilience. it is a safety net that guarantees -- if the charter is respected -- a peaceful development of mankind of founding a balance. the 75throach anniversary, the main conclusion is probably the main experience of the nonideological cooperation is still relevant. today's challenges and threats are no less dangerous. only working together, we will be able to address them. prominenttury ago, a scientist and figure wrote the following words, the division of mankind threatens it with destruction. if mankind is to step away from the brink, and must o

hunter biden‘s lawyer said he will resign by the end of this month from the board of bhr shanghai equity investment fund management. the move comes investment fund management. the move co m es after investment fund management. the move comes after fierce attacks by president trump. singapore's economy grew less than expected in the third quarter but avoided slipping into a technical recession. gdp, or gross domestic product, rose by 0.6% during that period, compared with a 2.796 during that period, compared with a 2.7% contraction the previous quarter. china's president has issued a stern warning against dissent as protests continue in hong kong. xijinping has had any attempt to divide china will end in "crushed bodies and shuttered bones". footage of the protest may appear to show chaotic scenes, but most activists are actually quite deliberate about the places they now attack. there are obvious targets like mainland companies such as the bank of china, which became targets for vandalism, but what about starbucks? well, it might be an american brand, but it is operated by maxine's cater

let's get things off in shanghai. >> good morning. i have a chart for you that not all is doom and gloom. the stock market has taken a plunge and the property prices, the hong kong dollar has been stable. we have seen the dollar hasn't hit the weakened and this is mainly because the gap between barring costs in the city and in the u.s. has narrowed significantly and see it in the chart over there and this means that the trade that was popular has suddenly become much more unpopular and not a very attractive trade. the hong kong dollar is not to hit the weak end and will continue to be narrowed. >> i'm glad you dn have a dinosaur. >> that is not the case. but you oven don't get nug like what you think you are getting and this chart shows that and markets used to be commodities but more about tech. to he top pam, you have the japan compared to the nasdaq. bottom panel is an evaluation basis. you can see there we have been in a range since 201 and gone up and down. but the top pam is a sad story. everyone uses their phone differently. th

china is showing no sign of ending the league has now postponed wednesday's straddled media stations in shanghai for the l.a. lakers and brooklyn nets at least 2 other n.b.a. events have been canceled in the city as well the country's state broadcaster cancelled plans to show a pair of preseason games earlier this week and is reviewing all ties with the league it all started when the used and rockets general manager posted a pro hong kong tweet earlier this week meanwhile euston star james harden has now thrown he support behind the n.b.a. commissioner who has refused to apologize to china adam silver said on tuesday it was not up to the lead to regulate what players employees and team owners said chinese broadcasters and companies have cut ties with the team following the tweet from the rockets general manager here we are pretty much proves the story living in everybody should know how they feel in the door process be able to speak you know obviously something we're going to close in some ways are people going to greet her just the way we're living so you know. i'm here for out of the. wells ha

the world number one came through 7—5, 6—3 — and remains on course to win a fifth shanghai masters title. daniil medvedev over came a "mini meltdown" against canada's vasek pospisil to reach the last eight. the russian came from a break down to take the first set on a tie—break — before winning the second 7—5. the number 3 seed — who won the cincinnati masters earlier this year — will now face italy's fabio fognini in the quarter—finals. in the other half of the draw the number 2 seed roger federer beat belgium's david goffin in straight sets. federer — who's bidding to regain the title he last won two years ago — came through won 7—6, 6—4. he'll now face the number five seed from germany, alexander zverev. and the number 4 seed dominic thiem is through to the quarter—finals after a straight sets win over nikoloz basilashvili. thiem won 6—3, 6—4 — and will now face the number 11 seed from italy matteo berrettini. one other tennis line. naomi osaka has declared her intention to represent japan at next year's olympics in tokyo. the world number 3, and reigning a

our chief north asia correspondent in shanghai. let's get a quick check of the latest business flash headlines. lvmh announce faster than expected growth, brushing off the impact of the protests in hong kong. third quarter sales rose almost 20%, striding passed analyst predictions as the company flagged what it called a remarkable performance of louis vuitton and christian dior. despite the drop in consumer spending in hong kong, the group made up for it with improved sales in europe and the u.s. paul: american videogame company activision blizzard faces on that backlash and calls for a boycott after one of its units punished a player for supporting .rotests in hong kong the player was banned from the wasorts competition and denied prize money after he shouted a hong kong protest slogan on a podcast. american company so shifting locations to cope with the trade more. location tracker says it is looking at mexico and vietnam as future manufacturing hubs. they also considered moving back to the u.s. paul: plenty more still ahead in t

2020 next year, chinese investors won't have forgotten the boost the world fair—style event gave to shanghai property prices a decade ago. chinese investment in this corner of the middle east looks set to keep rising for now. vivienne nunis, bbc news, dubai. more detail on financial markets. in japan we are seeing a bit of a catch up japan we are seeing a bit of a catch up rally because japan was closed on monday when we saw strong gains across the board in asia. asia today is pretty flat following a similar end on wall street, because there is concern now that china is pouring cold water, perhaps, on the enthusiasm following the end of last week's trade talks between the us and china. it seemed that china wa nts to and china. it seemed that china wants to hammer out further details, as we were mentioning. we have the price of oil coming off as well, so oil again down today, brentjust under $59 a barrel. we have american crude stockpiles going up. they seem to be ata crude stockpiles going up. they seem to be at a fifth week hi. and also with global demand slowing, the likelihood of demand f

selina wang joins us from shanghai. you spoke to the co-founder. what did she say about their crypto plans? meina: she described it to as a bit like an independent regional autonomous version of libra. overlaps, but venus is an open blockchain project more focused on the financial autonomy of developing countries. the co-founder also described it to me as a sort of belt and road version of libra, given that it will be rolled out an individual countries. in contrast, facebook's libra has a greater focus on reducing the cost of money remittance and transfers. take a listen to what else she had to say. we need more currencies to be involved. we need more commercial institutes to help ordinary people to dilute financial risks. of course we need to make sure people who have not received any financial service to have the service. so we started doing venus project. >> you have called venus the belt and road version of libra, but the chinese government has outlawed digital asset exchanges as well as initial point offerings. how do you plan to work with the

they are also talking about their plans in shanghai which by the way -- their plant in shanghai which by the way is the first company to really open a 100% foreign-owned facility obviously in another country, china in this case, which is the world's biggest market for electric vehicles. so tesla is saying that production is actually ahead of schedule in shanghai, part of what is moving the stock after hours. they also reported this key number, this was really the one that i would have to say pretty much anyone cared about was production for this current quarter. so they say they were pretty close to the 100,000 vehicles produced. it can be reassuring to some investors who say okay i love elon musk, he's amazing, a genius, but the problem has always been on delivery, production and deliveries, and at least for this current quarter, he seems to have answered that saying okay, we can dream big, and we can also get the cars to your driveway, if that's where you want them. basically hitting that 100,000 production number that was so important. by the way, david, that is a a record number f

now all eyes are on its new shanghai factory. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. also in the programme: the boss of facebook mark zuckerberg tries to convince us lawmakers libra is the future — what do you think? the cryptocurrency. if it is ever launched, will you be signing up? get in touch — just use the hashtag bbc—the—briefing in what is now a wide—ranging murder investigation, british police are working to identify 39 people found that in the trailer of a lorryjust outside london. one was a teenager but it is not yet confirmed who any of the dead were or where they came from. the lorry driver, who is from northern ireland, has been arrested on suspicion of murder. the lorry was found a0 kilometres east of the capital. overnight police raids homes in northern ireland as the investigation into how 39 people we re investigation into how 39 people were found dead in a shipping container in essex gathers pace. my robertson is the driver of the lorry

could become casualties of the trade war right matheson al-jazeera shanghai. time for a quick check of the headlines here al-jazeera u.s. president donald trump has approved a series of sanctions on turkey is also calling for an immediate cease fire in northern syria where turkish forces are carrying out a military offensive in kurdish held areas in the us vice president mike pence says he'll be heading to the region to discuss his campaign. let me say the president could not have been more firm with president i would want to that. the united states of america is simply not going to tolerate. turkey's invasion of syria any further and we're calling on syria to stand down and end the violence and come to the negotiating table and that's the reason the president sending me to the region to make his intentions very clear and we're going to be looking we're going to be looking for turkey to take strong action in that regard meanwhile in syria a group of government soldiers enter the strategic city of man bish a day after being invited in by kurdish forces this set

he joins us from shanghai. >> that is the key question. there are a multitude of challenges for this company. it is one of the largest in the world. they compete with bookings.com and expedia. challenges, yes, there is a trade war. chinese tourists are traveling to the u.s.. then there is the tourism sector. that is having an impact. there is a restriction on chinese travel to taiwan. geopolitics is another headwind for this company. mention the economic slowdown in china. a company trying to expand into smaller tier cities as well. these factors have to be considered by the ceo. including that slowdown and what it means for pricing. take a listen to her exclusive -- our exquisite conversation with the ceo in shanghai. >> there are many reasons. the hong kong issue is whether us ande friction between china. later, your value will be realized. tom: do you take seriously the approach in the u.s.? the discussions in the u.s. about essentially delisting chinese list of companies in the u.s.? do you take those seriously? think investors versus

>> yes, giga factory is ahead in shanghai your gross margins will come back down. we have to roll over to that now. >> so profitable and gross margins are things that investors in the past have given companies the runway to go through. the sales mix. if everything is tilted more towards this mass market model 3 with lower margins, how much does that resonate with the stock now with q 3 closing this morning. >> what investors are going to look at is the model 3 there in the expansion. we are going from the high teens to low 20s getting to the model y, 70% is the same as the y so you get a lot more efficiency there. recently, we've been shipping model 3 cars from california to china. that takes a lot of working capital. that frees up a lot once you get command filled in china. >> what is the thing you are looking for in terms of an update what is the biggest thing that drives the next thing higher or lower for tesla? >> the first is marginibility and second is demand a big part of future demand is coming from china. a lot of reasons why we should be cautious on that.

factory and -- in shanghai. that will potentially be great for sales. the investor letter they just posted said they are ahead of schedule on the new compact suv model. taylor: we know from a lot of these companies that you cannot cut your way to growth. the problem here is that topline revenue growth is falling for the first time since 2012. while you are able in one quarter to manage and get a bead on the bottom line, how concerned are you that going back to the top line, you are not seeing growth? >> i think that's a good question. buy's why we moved from a to a hold on the stock. we are concerned about the demand out there. anding out the model y ramping in china is important. this company does need to generate growth. taylor: we should note that tesla an after-hours trading, they are poised for the highest since april. clearly, investors are surprised and happy with the company. as we talk about profitability, walk me through the mix. -- the mix between the three, which is higher volume but lower xrgin vers

robin brant in shanghai and anna holligan in zeebrugge. with the brexit deadline of october 3ist exactly a week away, both the conservatives and labour are facing divisions about the way forward. downing street has dismissed reports of diffirences of opinion within the cabinet. borisjohnson has said he'll seek a snap general election if the eu decides on an extension to the timetable untiljanuary. but some ministers want him to try and get his deal through parliament first. our political correspondent nick eardley reports. not for the first time, westminster waits. the uk was supposed to leave the eu a week today, but a delay now seems likely, so politicians here wait to see how long an extension brussels will offer and whether the government follows through on its threat to try and force an election. we have been calling for a general election for months. at some point, the labour party will realise that their blocking tactics, propped up by the lib dems and the snp, have got to come to an end. the british people want their government to

including why elon musk is holding teslas in shanghai. carol: and daimler's designers on leading the way to sustainable luxury. kailey: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." i am carol massar. kailey: i am kailey leinz. you can also listen to bloomberg businessweek live on the radio on sirius xm channel 119, and on a.m. 1130 in new york, 106.1 in boston, 99.1 f.m. in washington, dc. carol: also a.m. 960 in the bay area, in london on dab digital, and of course, on the bloomberg business app. tesla surprised markets this week. they posted earnings at the most in years. the company announced it is already producing vehicles at the shanghai giga factory. kailey: if elon musk delivers the first chinese-made tesla model three for customers this year, it will be a rare case in which the company's famously scattered a ceo will hit one of his notoriously ambitious deadlines. carol: reporter dana hull. >> the first foreign owned automotive plant in china. it's in shanghai and the factory was built in

there are about almost 400 international banks in hong kong is the 5th financial center of the world shanghai cannot compete to be that strong from hong kong and you can just see the reaction of the world the european union the united states many other countries are you know on hong kong's side despite china's heavy rhetoric so it means that the soft power in of hong kong is larger actually than the soft power of china so in that sense china has to has to change i have seen china change in the past 4 months for example earlier they were saber rattling you know organizing military drills just across the border nothing happened all the party of china for 70 s. birthday was all overshadowed was eclipsed by the protests you know how go and that's what the world was seeing and that's what the world was siding with with hong kong about that it's not so much the just the economics but they understand that you know if hong kong is truly a 2 systems experiment the china should allow because china is trying to paint hong kong as a separatist it's not a separatist movement they want universal suffrage t

he's flown to shanghai where there are two more preseason games involving the l.a. lakers and the brooklyn nets. in the last few minutes we've heard the meetings of both of the teams has been canceled abruptly. we know the broadcaster, cctv has canceled the coverage of the game. so there has to be real concern whether the games are going to go ahead at all. silver is there to make peace and try to find common ground going forward. the two sides are so entrenched it's hard to be seen. >> we should note a lakers cares event has been canceled in shanghai. great reporting. >> most companies say if someone -- for example marriott last year, somebody at marriott liked something about tibet and he was immediately fired. the airlines quickly caved. all of the airlines quickly caved. so this is an outlier. >> he's getting killed by his critics. i'm not sure why. i thought he's done an excellent line of walking that tightrope. >>> a man who spent ten days in jail for oversleeping and missing jury duty will not have a criminal record. the judge vacated his sentence and rescind

janis mackey frayer, shanghai. >>> let's turn to our series "america under pressure. we go into a ground breaking program in the u.k., educating children could the same thing work here at home? here is kelly cobiella. >> focus on your breath. >> reporter: in british schools, there's reading, writing and another r. relaxing who likes meditation in the morning? >> doing it helps me quiet it down and get ready for lessons >> i feel much more calm if i get an answer wrong, i'll take it in more and not going, oh, i should have done this better. >> reporter: the uk program includes 370 schools, tens of thousands of students learning about mental health, mindfulness and how to get help. >> we're looking to give them some skills and strategies that allow them to manage their mental health on a daily basis, that might help prevent problems in later life. >> reporter: it's estimated 10% of british kids have clinically diagnosable mental health issues in the u.s. it's 20% there's no national standard for mental health education in the united states. though at least nine states h

shery: shanghai production, they have trial production now. how much will this help? >> huge help, as long as they can bring down the price of the model, and they should be able to do that now that they are avoiding import duties. amber: thank you so much for that insight. that does it for us on "bloomberg markets." of our charts,ny you can check them out on gtv . thistoronto and new york, ♪ is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. plus, get $250 back when you buy an eligible phone. that's simple. easy. awesome. call, click, or visit a store today. mark: i'm mark crumpton. this is first word news. boris johnson will seek a general election on december 12. he briefed the cabinet tod

my plan all along has been to travel to shanghai tomorrow. and i plan to attend the lakers/nets game thursday night. it's my hope that when i'm in shanghai, i can meet with the appropriate officials and discuss where we stand. and again put those remarks from daryl morey and my remarks in appropriate context of a many decades long relationship and see if we can find mutual respect for each other's political systems and beliefs. but i'm a realist as well. and i recognize that this is -- this issue may not die down so quickly. >> commissioner, tim noonan from "south china morning post" in hong kong. as you know, your regional office has been there almost 30 years and you have 60 employees, and the current culture of companies like -- >> nba commissioner adam silver speaking in tokyo about the controversy between the nba and china saying in a sense, they are not willing to compromise their values, they support freedom of expression of daryl morey, his freedom of speech has consequences that they are willing to accept, and silver saying it may no

in hong kong and shanghai. i'm su keenan with first word headlines. israel's former military chief benny gantz will be asked to try to form the next government, after prime minister benjamin netanyahu failed to build a coalition. draw fought netanyahu to a in the last election and will now be given a mandate to form a majority, but he is also expected to struggle as he lacks the backing of more than half of parliament. india is said to consider curbs on some imports from turkey and malaysia in response to their leaders' comments on the autonomy of cashmere -- kashmir. the government is exploring tariff and nontariff measures. turkey urged india to hold talks with pakistan over the disputed region, while the malaysian prime minister says india invaded and occupied kashmir. in chile, the president announced a series of financial aid packages in a bid to calm ongoing mass protests, including a supplement for low-earning workers, a pension increase and a scrapping of electricity price hikes and higher taxes for the rich. the government says 15 people have