kathleen: i'm kathleen hays in hong kong. u.s. and chinese authorities confirming any trade deal would concessions, and the news sparked a rally. to coo of theurn advisory firm international capital strategies. from whatgh the noise is significant here. markets are so nervous. any headline that says nothing is going to happen, everybody trades on it and there could headlines before suggesting they are methodically working. >> this is a particularly active newsday for trade-related issues, and i think part of it is the chinese are using the press as part of this negotiation now. i would not be surprised if we don't have a lot of twists and turns in this story as we lead up to whatever the date is that the leaders decide they are going to actually meet and agree to whatever the phase one deal is, and i do think there will be an agreement on a phase one deal . --hink trump has been president trump has been pressured and his commitment to move forward and the message out of the white house has been he wants to deal -- he wants to do a

kathleen: i am kathleen hays. welcome to daybreak asia. rising food costs and -- china's leaders with a headache amid new doubts about a trade deal. the price seems right for alibaba, singles' day off to a scorching start as shoppers around the world look for bargains. election,s a fourth but early suggest -- results to gamble may not pay off. we are live in madrid. haidi: to gamble may not pay off. we are live in madrid. haidi: let's hear how the trading week has started with markets coming online. sydney starting trading. investors after a bad week of trading, looking for a new catalyst. so for the next step up with trade negotiations, not much has developed but it is a big event risk week when it comes to the asian data, not least of which , industrialles production. domestic activity out of china with the deeper numbers out of china recently. theey on the back foot as day begins, new zealand trading up 1.25%. we are seeing when it comes to trading in the u.s. session this week, mildly positive after the s&p cl

kathleen: okay. tell me something that you liked on this. what did you circle? giancarlo: gluten-free, for health reasons. kathleen: okay. woman #2: i circled "skinny" and the "all-natural" because i try not to use marinades that have a lot of sugars. kathleen: okay. somebody else? woman #3: i'd like to see low-sodium and maybe how many calories on the front. kathleen: okay. lemonis: what? i'm sorry, did she want to know what the calories were? trevor: it's so weird. do you think she counts that? lemonis: how rude. trevor: nobody does that anymore though, marcus. kathleen: okay. what else? rivly: i crossed out "all-natural" because it doesn't say much. it doesn't mean much to me. kathleen: okay. what would make that mean something to you? rivly: it would have to say organic, gluten-free, no preservatives, no added sugar, low sugar, you know, all of that. ana: oh, dude, really? like, what else do you want me to put on the label, you know? that's just one of the those people that, for me, likes the sou

kathleen: i am kathleen hays. requestmocrats have a witnessed by republicans to testify this week as impeachments begin. begin.achment hearings they will only include people with knowledge of president trump's actions and not joe biden's son or the anonymous whistleblower. is there a pattern to the names on the republican list? in such a way democrats are saying yes to some and no to others? >> there is. the republican list includes people from the 2016 election, involved in providing damaging about hillary clinton and donald trump. those people are a part of a group which explored ukraine prior to the phone call president trump had. what the republicans are saying is you have to understand what was happening in ukraine before that call was made to understand the president's state of mind as he was making the phone call. democrats are saying it is not the issue we are talking about. we are focused on his actions in the phone call, the quid pro quo holding up military aid in return for a promise of doing investigat

kathleen: i'm kathleen hays in new york. ceos -- nine that is one of the key findings from a new survey by china focused audit firm markham bernstein and pinto lake. they did this in combination with seem university. sue bernstein is the comanaging partner, joining us from beijing. it is a great survey. is this the first time you have done it? it is very comprehensive. was our initial survey. andre incredibly thankful grateful to the university for inviting us to participate. it has given us some very unique insight to the way chinese ceos think. where chinese leaders are focused on investing. we have a chart to put up to illustrate what you are saying. >> yes, the focus we found in -- isurvey is that the that it has really shifted. you can see the shifting to southeast asia, europe, africa. i would put the middle east in their too. what would be really interesting would be to see the competitiveness of chinese companies within these markets. is someone in africa going to be vying for alibaba or amazon? it is going to be int

kathleen: i'm kathleen hays in new york. with the preview of what to watch this morning, here is sophie. sophie: we are playing the waiting game with alibaba to price the hong kong ipo, which kong be guided to 188 hong dollars per share. bloomberg economics expects the one-year lpr will be cut by inther five basis points light of incremental and frequent adjustments to rates. , stock investors of earning for signs estimates that are less gloomy. we have seen upward revisions for hung thing firm -- hang seng firm, outpacing what we have seen in the rest of asia. seng fell to its lowest level relative to the asia-pacific index last week. if the turmoil does subside, that could bode well for earnings. what's to check in with going on with the mtr given that there are train services being disrupted this wednesday adding extra travel times to some roots. operator say there has been on theat some stations west rail line and several stations on the east rail line have also been damaged. for those of you who are commuting in hong ko

shery: kathleen hays, thank you. later we will have kathleen's exclusive interview with the anz governor after he defied cut and kept rates on hold. we turn now to a wall street expert, denise simon is cohead of debt at lazard asset management. you withreat having us. we talk about the fed being on hold as well as others central banks in new zealand, but we have still seen financial conditions being loose, the gdp chart on the bloomberg right now showing financial conditions remain accommodative. how is this for emerging markets? >> it is very supportive. we have seen manufacturing pmi's and emerging markets looking like they bottomed out during the summer. so for this to be sustained if there is a phase-one trade deal, you could see that sustained. and when we look at forecasts for emerging markets growth next year, it is focused to pick up relative to developed markets. so i think financial conditions have been supportive, along with many emerging market central banks think able to ease as well. you note interestin

kathleen: where do you want to buy? ine you priced everything and feel you have good position set up already? >> that is the interesting question. you look at the overall valuation of the u.s. market, it looks pretty punchy. we are at new record levels. the u.s. market as a whole feels a little bit highly rated to me. on the other hand, we are breaking into record territory. this fear of missing out trade at the moment. it is rather interesting. much better valuations in places like japan and europe, the u.k. in particular. good reason for that, of course. do you still feel any need to put on insurance? what are your favorite insurance traits, just in case? treasuries, gold? >> both of those. the problem at the moment is, we feel like we are bottoming out as far as the pmi earnings growth in this third quarter season has been better than we expected. , slightlyill be down both in the u.s. and europe. but by less than people expected. we have had these cyclical upturns in the past. they have petered out. at thes a real n

vonnie: kathleen mccarthy of blackstone. coming up, the end of the art tech era at gap. how years of missteps and trading brands run down the ceo, and what it means for the future of the retailer. this is bloomberg. ♪ amber: this is bloomberg markets. i'm amber kanwar in toronto. vonnie: i'm vonnie quinn in new york. an update on the vaping story. u.s. health officials think vitamin e acetate could be behind what has sickened thousands of americans who have used vaping devices. fluid taken from the lungs of 29 patients battling the condition all had signs of vitamin e acetate. some makers use the syrup substance as a filler for their product. of course, we heard president trump earlier talking about releasing rules next week to up the age at which vaping is legal. amber: amazing how quickly people have come around on this issue compared to things like smoking and alcohol use. certainly has hit a number of stocks. speaking of, let's take a look at the get. it needs a turnaround, but art peck will not be leading it. struggling retailer fired it ceo later -- late yesterda

kathleen? kathleen: thank you so much. disney shares are up in late trading after reporting earnings. key insight of the report says losses of their direct to consumer unit widens. of the in part for calls disney streaming service. let's bring in our mediatech analyst, etc., watcher of these big media companies for so many years. porter, they have good numbers at disney, for sure. guest: very good numbers, but it was the dominance at the box office that props those numbers up. kathleen: what does that mean moving ahead? guest: the theatrical movie industry is not going to last more than five or 10 years, but where disney has positioned itself, it will be the dominant content producer, distributor over the top, and streaming. and the market has finally caught up to bob iger and realized disney owns the space. taylor: porter, we could talk earnings call and numbers. what numbers do need to see to feel confident they can take on netflix? guest: they are going to lose money for at least four years, maybe a little longer. they

kathleen and rich told investigators that's the truth as they saw it. they were certain brett killed vashti, made it look like suicide and because he was a man who actually trained law enforcement officers -- >> you were worried that because of his training he knew how to beat the system? >> oh, yeah. he would brag about it. he had books. you know, he knew how to do it. >> coming up -- brett seacat under scrutiny. >> if he bent over a bed that was on fire to get his wife i would have expected his chest to have some type of singeing. there was absolutely nothing. >> and a desperate family. and i remember somebody who was working the scene, i said give me some hope. and he said in this instance justice will be served. >> when "dateline" continues. like yard-sale savers. tee-time savers. and especially med d savers. select a medicare part d plan with walgreens as your preferred pharmacy and get co-pays for as low as zero dollars and 100 rewards points on prescriptions. isn't saving great? save smartly on med d. walgreens. trusted since 1901. pets. ♪ [ ga

taylor: that is porter bibb my colleague kathleen hayes in new york. expedia stock falls after the company released its latest reports. we hear from the c.e.o. a little later. this is bloomberg. taylor: with just under a year to go until the 2020 u.s. election, facebook c.o.o. sheryl sandberg told bloomberg news on thursday things won't be the same this time around. >> we think the 2020 election is a mass i test for us, and it should be. elections have changed. we have changed as a company. 2016, of back to course we were prepared for actors. vulnerable are our election systems to heart attacks? it depends on what you ask. the u.s. government says russia, china and iran will seek to meddle in u.s. elections going forward. joining me wednesday was a pair of ethical hackers. alex from the university of michigan computer science professor successfully hacked voter machines in the past to prove vulnerabilities and the founding partner of cybersecurity form nordic innovations. is many ggest risk don't have a paper record. taylor: do you agree that is also t

kathleen: how can you go wrong? what kind of revenue, what kind of profit and positioning can this earn for disney? porter: it will become the biggest profit spinner four or five years from now, but right now, it's going to lose money. it lost almost $1 billion last year just in the start up and each year until it breaks even, it will lose several billion dollars. but that is development cost, and that is actually money well spent. taylor: porter, we are hearing on the earnings call from ceo bob iger, who is coming out and saying there is no floor in sight for cable subscriptions. how much of a headwind from cable subscriptions can be offset, frankly, from a rise in streaming? porter: it is not the cable porter: it is not the cable subscribers that are the concern. it is the retransmission fees that are worth billions of dollars to disney and other content providers. just on abc alone, he's going to start to lose literally billions of dollars from retransmission because of the serious cable cord cutting that has bee

kathleen: nobody is expected to move. it's interesting with the reserve bank of australia, what they will be looking at. mr. lowe has led the rba in three rate strut -- late -- rate cuts in a row it and they are worried if things are weaker, will the government be able to provide fiscal stimulus? things have looked up recently. to the bloomberg library, you can see unemployment came down 1/10, 5.3 to 5. 2. inflation ticked up. getting closer to the target. that is why the rb is expected to hold tight and a what happens next. progress on the trade war will not hurt them at all. the central bank of malaysia, they potentially will keep their rate on hold. they have been lucky. the trade war does not seem to have damaged their economy as much as others. reserve bank of thailand, they are dealing with a lot. will they decide how to curb that bought rise that can be problematic? most people say no. they have fx tools they can use, they will wait and see. i think the reserve bank of thailand is one we will watch very closely. sh

eastern, catherine kobe and kathleen stafford, health captive during the iran hostage crisis talk about their experiences 40 years later. >> one of the marines said to me, he said kate why did you not ever say you were in solitary. he said, you keep saying, i was alone. my mind didn't work in those connections of this is solitary imprison men. my mind worked to the point, my god, i have been given an incredible gift of time. no appointments. no meetings. no plans. what can i do with it? >> and sunday at 6 p.m. eastern

eastern, katherine kobe and kathleen stafford held captive during the iran hostage crisis talked about their experiences 40 years later. >> and one of the marines said to me, he said kate, why did you never say you were in solitary? he said you keep saying i was alone. my mind didn't work in those connections of this is solitary imprisonment. my mind worked to the point, my god, i've been given an incredible gift of time. no a poims, no meetings, no plans, what can i do with it? >> sunday at 6:00 p.m. eastern on oral histories from the

kathleen: good evening from bloomberg global headquarters in new york. i'm kathleen hays. welcome to "daybreak asia." sophie: our top stories this friday -- the u.s. and china say they will remove tariffs as a trade deal approaches, but both sides say negotiations are making progress. investors are not so sure.

it's been great to have you on the programme, kathleen, and thank you for your comments today. hello once again. after so much wet weather in recent weeks, it looks as though wednesday for much of the british isles is going to start at least on a drier, brighter, colder note. although there's no disguising the fact there is in fact another set of fronts to bring some rain to western areas later in the day. but it's a cold, crisp start — a frosty one for many northern parts of the british isles. a run of showers over the north sea through south—west scotland to the north—west of england. but as you see, even on into the afternoon, many central and eastern areas will end up with a dry, sunny but not overly warm day. now, temperatures down into single figures. where we will see a significant change to the afternoon is rain getting into northern ireland, wales and the south—west of england. and just be advised that in the more intense burst over the moors to the south—west, and the brecon beacons you could well end up with a covering of snow. here we are on into thursday,

she spoke exclusively to bloomberg's kathleen hays in san francisco. mary: the policy economy has put policy stance in a very good place to make that baseline come out where we needed to, which is slightly above trend growth, and continuing to move up in inflation to target, and for full employment. i do think of that as the economy being in a good place. nejra: jim mcdonald from northern trust is still with us. listen to what jerome powell was saying yesterday. did you get the sense that his comments on inflation was sending the message that, yes, the fed is on pause, but there is a bias to cutting because the three cuts were not just about insurance against global risk? jim: i think the odds of there being a cut are much higher than the odds of a hike. nejra: what about a hold? they could be on hold if the data continues to be solid. they are worried about the long-term outlook for inflation. we haven't outlook that is a view of technology bringing all kinds of new supply into the industries, which is preventing placing power from taking hold. we hav

person who knows me better than anyone else, my wife kathleen the queen. there you are, kathleen. and it's your segment. >> this has been your life. right? this is your life. isn't that a show that you grew up with? >> i've been here twice as long as this show. >> we will be celebrating our 40th wedding anniversary in 2020. so 1999 so steve kornacki went through the numbers. here are our numbers. married almost 40 years. we met in 1978. >> yeah, at the white house -- no, at the radio tv correspond entz dinner. >> we have a great picture of us in the first year when we were dating. we haven't changed that much, have we? >> no, i've stayed exactly the same. you've become more glamorous. >> and 1999 when "hardball" started, here on msnbc. think about that, we did a fabulous first family safari to africa, in that summer before -- >> when was that? >> 1999. >> we went all around these wild places in kenya that very few people go, and we found real animals. they weren't on a preserve or anything. we found real ones. >> and our kids are grown up now obviously but caroline at that point w

rishaad: we have kathleen hays joining us. all these things are seeing signs of a slowdown in the rest of the world. the fed and fed officials -- they are upbeat, but are they being pollyanna can? >> the economy is in good place. that is what you hear from one official after another. admit, consumer spending surprised the latest quarter and continues to be the mainstay of the u.s. economy as the trade war has swirled around it. growing payrolls, rising wages. the yield curve was a big worry before the three rate cuts. no longer inverted now. the fed cut rates three times since july. so whyy policy works, would they not expect this to go through? big wakely remove the on sentiment on people who want to invest some money. as the president of the san francisco fed said yesterday, if waste material materialized -- if risk material materialized, to rethink and reassess, but they have to see how it goes. spoke to adrian to wait and ready see. what was the thinking? >> he basically said our recent rate cuts -- member the 50 basis cut

almost 30 years east germans were finally free to visit the west of bolin on november 9th 1989 august kathleen hutton howa tells us her story from the night the wall fell as an opponent of the east german regime she had just recently been released from prison and secretly secretly traveled from lights to east berlin that evening unexpectedly able to celebrate her 21st birthday in west berlin the very next day. name all men for we here do or no man we flooded through here i was as if a bottleneck as i am going down to the spurs you have to truly sense the down and get a list and so many different levels it was no turning back from what has happened here we don't care this was something which would really change the tone of our lives that. killed them or 9989 for the 1st time in decades these german citizens could cross into west berlin. the train hutton how was there she walked over this bridge and celebrated her 21st birthday in west berlin on november 10th a few hours earlier it would have been unthinkable. it had this i think guns because they're not considered it's my very own personal beca

it was kathleen's idea. that was the symbolism of the blood on their hands for what they had done. we all agreed. we would make sure it was done in a dignified fashion. nothing was done that would be adverse to lyra's memory. we went down and took red paint with us and had our gloves with us. we parked and walked down to william street. it was eerily quiet. so eerily quiet. i definitely must have been nervous but the determination took over. irememberthinking to myself, nothing matters. they've murdered our friend. that was the emotion that day. i've never felt like that before. where the fear has gone. i was not afraid. i remember distinctly saying that, i am not afraid. let's go. they were stood with their arms crossed, staring at us. the saoradh members lined up around the building. staring at us. some were known senior dissidents. it was an incredibly brave gesture, openly confronting them may have put their lives at risk. she is dead! nothing matters. take me to court. take me to jail. i don't care, i absolutely don't care. the rest of us are the same. we are strong women and

kathleen is back to the news briefing. please get in touch as well before than to tell us why you go to the high street still, if you got all and what ideas you may have to save our high streets. stay with us on bbc news, still to come: andy murray tells us why he no longer cares about winning. the bombastic establishment outsider, donald trump, has defied the pollsters to take the keys to the oval office. i feel great about the election result. i voted for him because i genuinely believe that he cares about the country. it's keeping the candidate's name always in the public eye that counts. success or failure depends not only on public display, but on the local campaign headquarters and the heavy routine work of their women volunteers. berliners from both east and west linked hands and danced around their liberated territory. and with nobody to stop them, it wasn't long before the first attempts were made to destroy the structure itself. yasser arafat, who dominated the palestinian cause for so long, has died. palestinian

. >> kathleen, you were in her first crop of law clerks and if there's one thing i learned from evan thomas's book, it was that as much as justice o'connor was -- i couldn't say terrified, but certainly understood the challenge before her as she undertook this position, having never operated in a federal court in her life, basically. she was thrilled, thrilled to be playing in the big leagues and that she could have some affect. could you talk about that a little bit? >> it was very, very visible in the way she conducted herself around chambers. there was a fair amount of stress because all of the issues were new and we felt like we worked harder because we had to get her prepared on issues she hadn't seen before. but when she came back from argument or when she came back from conference or when we circulated an opinion, she was almost singing her way back into the chambers. she was so exhilarated by what she had done. if she'd persuade somebody to join one of our opinions, that was a big moment and a cause of celebration and you could tell that she felt like she had made a differenc

kathleen has first-hand experience as to where she believes the state is failing. i am not surprised that saoradh and groups like saoradh exist. i am sad the reason why they exist is poverty. to me, saoradh and those groups are gap fillers. they filled the gap that the state has left. dissident groups like the new ira also exercise community control through fear and intimidation. in the days after lyra's death, ominous graffiti appeared on the street where she was shot. it was a clear message to residents. they spoke to police at their peril. there is an undertone of threats and intimidation that you can understand. if you whether person overlooking where the gunmen we re person overlooking where the gunmen were standing and pulled the trigger, and you could identify them, you would be frightened about putting your name to a statement and giving evidence in court. the supreme giving evidence in court. the supreme challenge for police is to break the wall of silence. they say some of the community have provided information but has yet, nobody has been charged with l

it was kathleen's idea. that was the symbolism of the blood on their hands for what they had done. we all agreed. we would make sure it was done in a dignified fashion. nothing was done that would be adverse to lyra's memory. we went down and took red paint with us and had our gloves with us. we parked and walked down to william street. it was eerily quiet. so eerily quiet. i definitely must have been nervous but the determination took over. irememberthinking to myself, nothing matters. they've murdered our friend. that was the emotion that day. i've never felt like that before. where the fear has gone. i was not afraid. i remember distinctly saying that, i am not afraid. let's go. they were stood with their arms crossed, staring at us. the saoradh members lined up around the building. staring at us. some were known senior dissidents. it was an incredibly brave gesture, openly confronting them may have put their lives at risk. she is dead! nothing matters. take me to court. take me to jail. i don't care, i absolutely don't care. the rest of us are the same. we are strong women and

kathleen: asset purchase program is what he is referring to. interesting because this came out after the financial review warned of excessive risk-taking by some investment funds and insurers in some real estate markets. he said what they need now is that macro potential toolkit for the asset management industry similar to what they already have to banks. shery: thank you. the for the democratic debate happens later in atlanta where chief washington correspondent kevin cirilli joins us from capitol hill. we know 10 candidates are taking the stage. who are we watching? not at capitol hill, i'm here in atlanta, the site of the fifth democratic presidential debate. this will be a key battleground state democrats are hoping to win. pete buttigieg, the south bend mayor, his time in the spotlight has booted him to frontrunner status in early caucus states of iowa and new hampshire. we will see how he draws a contrast not just to aggressive candidates like elizabeth warren and bernie sanders but also former vice president joe biden. up until now, joe

kathleen stafford is a writer whose work has been required and since 1979 she was serving in tehran when it was seized she is one of six americans who were expatriated from iran with the assistance of the central intelligence agency and the canadian government, thank you for being here, please join me in welcoming our panelists. (applause) thank you again for being here, i'd like to start setting the, stage in 1979 what was the political climate like when he arrived there? >> well there were curfews, we were limited in terms of where we could go, my question was, what does an islamic republic look like? that was the reason i was there because this was the stated goal of the revolution to establish an islamic republic, people were on sure, everybody was treading lightly, people who were known to have been workers for the shot lived in fear, people lived and fear because there were people simply eating out of their jobs and because of their loyalty to the shaw were tried and often executed. so it was a very tenuous situation when i first arrived in july we were working very carefully to se

kathleen hays, our global economics and policy editor. coming up next, the bank is set to price its shanghai operating later today. it could be the biggest mainland ipo this year. this is bloomberg. ♪ haidi: this is "daybreak asia." i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. china will price its shanghai listing today in what is widely expected to be the onshore markets biggest ipo since the stock bubble burst. us from beijing. how do the financial results stack up against peers/? somee bank of china has solid fundamentals, one of the whitest branch networks in the world. 40,000. it guarantees very low cost of itsing, and we have seen profits rise 16% for the first nine months but it is rarely seen among these banks, so it is performing quite well this year. about 24% onre up the hong kong exchange and it is one of the best-performing chinese banks this year. why has therei: been this eagerness recently? with theyes, so along reasons, we know that china's economy has slowed to the slowest in nearly two decades

host: thank you, kathleen . john mcardle, from kathleen, you need to find out the answer to that. john has other news on the story shaping impeachment. he host 2: i am taking notes on the homework you are assigning me. so i will get back to you on that last question, one of the early callers mentioned she had questions about burisma and you heard members of the house intelligence committee asking about burisma. republican members bringing that up yesterday, here is one of the tweets from congressman scott perry, certainly a face of the republican response to the impeachment in korea amid the hearings at about 10:45 yesterday saying chairman adam schiff is discussing hypocrisy and investigations into corruption, but does not mention hunter biden and devon archer's involvement in burisma during the obama administration while they were meeting regularly with white house officials while ukraine was investigating burisma. it looks like republicans are going to possibly get some more answers on that front because senate judiciary chairman lindsey graham yesterday sent a letter to mike p

kathleen hunter there, bloomberg's u.s. government reporter. we will have plenty more on the 2020 elections. coming up later today, caroline hyde in conversation with facebook's chief operating officer, sheryl sandberg, at bloomberg'sbloomberg's summit i. you can catch it live on bloomberg tv, on radio during the 9:00 a.m. our in new york, 2:00 p.m. in london. this is bloomberg. ♪ ♪ monetary policy seems to have reached its end. going further negative will quite likely not have a positive impact on output or inflation. for this reason, fiscal policy has to take over. francine: that was from her interview with the austrian national bank governor, robert yesterday. the commission warning that the economic resilience will not last forever. let's get back to max kettner from hsbc. when you look at germany as a microcosm of the concerns we have for europe, is 2020 the euro banking union and will we see more fiscal stimulus from germany? max: as a german, i like to look at germany. we have just talked about it off air. for the fiscal stimulus asi

kathleen hunter, the bloomberg reporter. keeping a close eye on twists and turns in congress and with the impeachment process. now let's get on to corporate news because this could be the largest leverage buyout in history. bloomberg has learned walgreen's boost is setting up a potential deal to keep the company private. patrick, this is not the first company that private is best. what does that mean for an investor. is it a good thing or bad thing? they're shifting almost like fendi. patrick: it's a function of the 0%, that companies take things private and get rid of quarterly reporting. it's a very difficult environment competing with amazon and taking something private and basically focusing on the long term and getting away from the myopic focus of competing quarterly and a benefit for the company and if you can bow it next to nothing probably makes sense and the market is rewarding high growth companies and some of the old-fashioned retailers are trading at reasonable multiples and if you can pick them up with cheap fi

kathleen: very interesting with these fireside chats. if you have been listening to it, as i have, very in-depth, interesting interview from someone who is an expert in bonds, all of these things but they got to a point where neel kashkari said something i was waiting to hear and a lot of other people. he was talking about the neutral rate and how the fed looks at it. he said given the rate cut last week, the fed is now around neutral. he said the fed policy is now modestly accommodative, not overly accommodative. why is this important? neel kashkari has probably been the most bullish person on the federal reserve, pushing for more rate cuts. if he is looking at the lay of the land in the u.s. economy, the global economy, he is saying, ok, put it altogether, maybe the fed is where it needs to be. this is very significant. it is also significant in terms of factors suggesting that maybe yields have bottomed. theier today, rob kaplan, president of the dallas fed, said given the fed's latest cuts, he thinks policy is at an appropriate level

kathleen: when you expect to see rates on hold, i expect you want more of a reaction. was that a bit of an, "ok," or was it a surprise? mr. orr: no, it was not a surprise. one of the biggest debates when we landed on the decision, heavy communicators that does not confuse and correct unwanted efforts. any central banker's desire is that you can deliver a message, which leaves conditions probably on the same space of where they were. you know, they are all different. different shades of loose stimulatory levels for the exchange rate and the interest rate. i think the important message to give to the market is that these interest rates allow for a prolonged period. juliette: india's banking sector has been under pressure. the country's economy is slowing down at the same time as it is dealing with nearly $200 billion in bad loans. state bank of india chairman, rajnish kumar, believes the situation is improving. he spoke exclusively with haslinda amin and singapore. mr. kumar: i'm seeing it has bottomed out, so from hereafter, things should be much better. haslinda: how a

kathleen: thing about it -- the ecb already has negative rates. they bought so many bonds and their economy is still weak. i think with european central bank, it's pretty clear. everybody says we've done a we can. we have reached peak dovishness. listen. >> monetary policy seems to have reached its end. going further negative will quite likely not have a positive impact on output or inflation. for this reason, fiscal policy has to take over. drum mariohis is the draghi has been beating for months. christine lagarde is also picking this up. is done.imulus monetary policy has done all it can. economists think the bank of japan reached peak dovishness ages ago. does this help the boj stay where they are? kathleen: when the boj chief gave a speech yesterday, he talked about how monetary policy is giving fiscal stimulus even more energy. let's remember -- with monetary policy, the boj is at a point where it is hurting banks and but forthe economy, them, yes, peak dovishness may have already been reached, but if you look at other central banks in asia,

rishaad: thank you, kathleen hays. let's bring back adrian. with the rba coming out, people thinking no change, but some predicting another cut in december. why not get it over with now? >> they already cut three times since june. let's try to let the monetary policy work a bit. we also get some news on the trade war side. so we think they will wait for now. as you also mentioned before, a lot of tax incentives have been used to pay back debt, which doesn't have to be a negative moving forward. the unemployment market is still solid, more driven by the public sector, less by the private sector. that could trigger another rate cut. but it is definitely possible they do it today. they don't have to wait, but we think they are more cautious. rishaad: how about malaysia? they seem to be caught in a bind. >> i've just come back from malaysia. i think it is moving in the right direction. have seen what would indicate a bit more spending. i think that is what the bank wants to see. we think they will be holding back. keep some of the ammunition. bank

while jackie provided immediate staffer, to the kathleen called 911. hurried to a number of offices in city hall to find onsite medical personnel. at the same time, shawna who ted our intern, noah, had previously received c.p.r. administrator -- administer chest compressions. a volunteer at city hall who shawna knew was also a fire department volunteer. kerry assisted noah in c.p.r. but quickly realized she needed a defibrillator. sprinted off to secure one at the city hall's a.e.d.'s. taking place, ryan cortez, a corona city e.m.t. and an off-duty was in a meeting with the city manager's office when he pulse d an alert on the point respond app. this app notifies certified of a medical emergency near them. hile ryan rushed downstairs to respond, kerry and noah administered first a.e.d. shock. rerifle -- revival, shawna stabilized the staff member. at 1:56 p.m., the firemen arrived. was able to explain to the firemen exactly what transpired brief them on the a.e.d. readings. i'm very grateful to say that of my staff, who's been a dedicated and instrumen

kathleen: i'm kathleen hays. we are counting down to asia's major market open. haidi: here the top stories we are covering in the next hour. rising food costs and falling prices leave china's leaders with a headache as new doubts over a trade deal. a saudi aramco moves one step closer to the market with an ipo perspective that offers more questions than answers.

are you afraid of kathleen zellner? >> no. i'm not involved in the case anymore. >> she could unravel your work, if what she's saying has some weight to it. you don't think she has a chance. >> i don't. >> she's so confident. why are you so confident? >> we put 18 months putting this case together. it wasn't just thrown together. it wasn't a bunch of keystone kops. it was done very well. >> kratz says he admits to drug abuse, a scandal that led to his resignation. he takes issue with "making a murderer," but is moving on with his life. >> i'm hoping this book will change the narrative. >> with all of the looks at guilt or innocence, with all of the trials and retrials, kim says what is forgotten is her friend, teresa. >> i love hugs. >> for her memories, she says she goes back to this grainy video diary she made three years before she died. it was played at avery's sentencing. >> it gives me the chills every time i hear it. she talked about everything she loved. >> is there anything you would say to teresa if she could hear yo