38 Burst results for "Premier Li"
Fresh update on "premier li" discussed on Bloomberg Daybreak
"Of 61 to San Francisco, Bloomberg, 9 62, the country, Sirius, XM Channel, 1, 19 and around the Globe, The Bloomberg business out, and Bloomberg radio dot com. This'll is Bloomberg Daybreak. And it's 6 30 on Wall Street. Good morning. I'm Nathan Hager and I'm carried Moscow. We're just about three hours away from the opening of us trading. Let's get you up to date on the news. You need to know what this. Our stocks are stabilizing around the world. Once again following yesterday's selloff, we get the very latest live with Bloomberg's John Tucker, John and ahead of the market Open on Wall Street. The future's right now have a stabilized as you say, A Karen. This follows yesterday's 2.1% decline for the NASDAQ. Was oppressed Sell off was sparked by Fed share. J. Powell. We think we're likely to see inflation move up during the course of this year in the Wall Street Journal Foreign PAL stop short of trying to rein in a jump in long term interest rates. Higher yields of unsettled the stock market in particular shares of technology companies John Tucker, Bloomberg Daybreak and John Investors now look ahead to the monthly payrolls report due out two hours from now. Economists forecast a gain of 198,000 jobs. That would be four times the number from last month. Meantime, in Asia, China said an economic growth target above 6% for the year we get the latest on the projection from Bloomberg, Daybreak Asia anchor Brian Curtis and Hong Kong that range of growth is well below what economists had forecast and China did not set a five year target. Chinese Premier Li Ka Chung said the government would narrow the budget deficit this year 23.2% of GDP. That's down from 3.6% last year. Still, it's above the 3% expected by many analysts. The quota for local government bond sales is higher than forecast and event spending will grow 6.8%. In Hong Kong brain Curtis Bloomberg Daybreak. All right, Brian, thanks Oils on the rise again after OPEC surprised markets yesterday, choosing not to relax its curbs on supply, and Rita sent his chief oil analyst that energy aspect. We said all prices are probably going to be above $80 next year. We stand by that, but it's hard to see us going much above that because there is $8 million, But Inspector Cassidy and checking oil now West Texas intermediate crews of 2.4% or a dollar 54 to $65.37 a barrel Brent is up. 2.6%. It's 68. Dollars 49 cents and I Capitol Hill Senate Democrats are bracing for a marathon session of votes on President Biden Stimulus package. Republican attempts to rein in spending will extend the timetable for passage into the weekend. It's a balancing act for Democratic leaders they need to emerge of the bill that gets the votes of all 50 Democrats without risking a revolt by progressives in the House. Innocenti futures little changed up two points. Erasing earlier declines down futures of 26 NASDAQ futures down nine the decks in Germany's down about 6/10 of.
Fresh update on "premier li" discussed on BBC World Service
"World Service. This is Rita Lush are with the real story. One topic one hour every week. On this week, President Biden says he wants a reset of us Saudi relations. But why has this longstanding relationship come a cropper? From 9 11 2 questions about human rights. Washington has kept good relations with react, but the Iran deal negotiated under Obama, rejected by Trump has proved to be a sticking point. President Biden's link the Crown prince with the murder of a prominent journalist. Will this stymie relations under his administration? From the get go U. S dependence on oil imports is falling dramatically, but billions of dollars of arms sales to Saudi continue. In America. Bring an end to the war in Yemen, improve relations with Iran on keep the kingdom on side or can a more powerful Saudi Arabia afford to loosen its ties with America on look to China or Russia instead? Is the Saudi US friendship starting to fray. That's the real story from the BBC after the news. BBC News. Hello I'm Tom what The Chinese Premier Li Cho Chang has opens the annual meeting of parliament with a warning to the world against interfering in Hong Kong. In his address to the National People's Congress, Mr Lee said the government in Beijing would resolutely guard against such moves. China has tightened its control of the territory since pro democracy protests caused sustained disruption in 2019. China. Correspondent Robin Brand says Hongkong's electoral system will be overhauled What we're seeing is plans.
Fresh update on "premier li" discussed on Bloomberg Law
"Basis on Bloomberg Radio. The Bloomberg business happened. Bloomberg radio Com Works in the Senate are reading the entire 628 page coronavirus relief bill as members decide if they want to pass it. Following the reading, senators will debate whether to pass the package that includes $1400 stimulus checks. Democrats are hopeful it'll happen by this weekend. The White House says. President Biden will continue to speak his mind after two states lifted their coronavirus restrictions. The governors of Texas and Mississippi are not happy with Biden, saying their decision was motivated by Neanderthal thinking. One of the women accusing New York governor Andrew Cuomo of sexual harassment is speaking out about her allegations. CBS Evening News 25 year old Charlotte Bennett said she believed he wanted to sleep with her, and he implied she was old enough for him. She also called out Cuomo's apology. It's not an issue of my feelings. It's an issue of his actions. The fact is that he was sexually harassing me, and he has not apologized for sexually harassing me. I'm Brian shut And I'm Brian courtesy in Hong Kong here on this hour's top business stories and the markets, China has said in economic growth target of above 6% for the year that's well below what economists had forecast. Chinese Premier Li Ka Chung said the government will narrow the budget deficit to 3.2% of GDP this year. On 3.6% in 2020. While that's lower, it is above the 3% expected by many analysts. Bed share. Jerome Powell talked about the recent surge in bond yields, but he did not act in a Wall Street Journal Web in Arm Palace said that he'd be concerned by disorderly conditions in markets. Kristina Hooper from Invesco told us that palace comments fell short of market expectations. He tried to suggest that the Fed is going to be firm that it is going to be patiently accommodated a term we better get very familiar with, But it wasn't enough because in the days leading up to this speech, there had been rumblings expectations that perhaps he would talk about Operation Twist. Using some tool like that, maybe even yield curve control so he felt far short of what I think we're just very lofty expectations. Kristina Hooper at Invesco Oil surged after the OPEC plus alliance surprised traders with the decision to keep output on changed here in the Asia Pacific. At the moment, WT I crude is trading at $64.39 a barrel In other market action, the Nikkei's trading down 2% The ASX 200 in Sydney off about 1% a fairly big sell off in the China markets in Hong Kong, but we've pared most of the losses. The C A. C 300 is down. Just 4/10 of 1% and Hang Seng Index down 9/10 of a percent Global news 24 hours a day and a Bloomberg quick take brought to buy 2700 journalists in Hong Kong. I'm Brian Curtis. This is Bloomberg. This'll is Bloomberg Law with Joon Brussels from Bloomberg Radio. What happens when a high school student gets kicked off the cheerleading.
RCEP: What's the Deal?
"Who has spent much time around. Soldiers will be aware that for the purposes of saving time and door baffling civilians. They communicate to a large extent in three letter acronyms. So an armored fighting vehicle is an a an improvised. Explosive device is an and a three letter. Acronym is itself a t. l. a. There are many more some formal some colloquial some veils for cheerful obscenity if journalists employed a similar vernacular one such t. La would certainly be bb. I to denote a story which is boring but important which brings us. And we think we've just about stuck the landing here to a four letter acronym asset and that seems to be the consensus on pronunciation which is going to catch up a few news. Readers or it could be are kept or chip or recap whichever way you say it. The letters stand for regional comprehensive economic partnership. Stop come back at cetera. Sip is a trade deal all seriously this will only take a few minutes also is a mighty big trade deal indeed arguably the biggest ever don. It includes japan. South korea new zealand and the ten members of asean from tiny brunei to immense indonesia at which the unwieldy asset name does make a certain amount of sense comprehensive regional asian partnership being an obvious non runner. This will seem hilarious in about ten seconds. You'll get that. There is a lot going on with all set as is to be expected from any agreement which fifteen countries many of whom don't get terrifically will have been nearly a decade negotiating but it will be significant given that the signatories of set between them account for nearly a third of global gdp. Some oftens have already estimated. That are sept. Could add two hundred billion dollars to the global economy this decade which given how much of this decade is likely to be spent catching up from this year is no small change. The economic headlines are approximately as follows. Many tariffs on imports. Among member states will be eliminated. Some immediately of his more gradually they will be new unified rules of origin which might encourage companies in asset nations to build more of their supply chains with each other and hopefully do lots of what all free trade agreements is supposed to increase production and opportunity reduced prices on bureaucracy and contribute to a climate of cooperation as opposed to competition which is where our sep looks almost as significant diplomatically. As it does economically it is the first time that china has signed up to a multilateral. Free trade deal. China's premier li ka chiang himself an economist by trade has indeed hailed it as a great victory for multi-lateralism and free trade. Fine talk it may be muttered for the second ranked member of the politburo standing committee of the central political bureau of the communist party of china. And it's at least worth wondering. Is this really where china sees the real value of asset because just as notable is who is in our set is who isn't specifically india and the united states india pulled of the talks last year for fear that eliminating tariffs would threaten indian manufacturers and producers however as the leaders have stressed that the door remains open the us flounced from a different asia pacific trade arrangement in two thousand seventeen. I'm going to issue our notification of intent to withdraw from the trans-pacific partnership a potential disaster for our country. The trans-pacific partnership was one of the first victims of a donald trump tantrum. So there is little doubt about which of assets members will be the dominant partner but it does appear to have been the middle powers of that drove the deal possibly recognizing that it would be preferable for all of them to have china japan and south korea coming to terms rather than blows an optimist a class of pundit who is having a testing kind of you might suggest that this also indicates that china recognizes that submitting to rules-based trade is the next step in its journey to modernity and that it cannot prosper in the long term purely by bullying and menacing a pessimist. Might that this is exactly what china proposes to use this new block for that asset is a means for to keep its friends close and its enemies closer and whether or not that quote is correctly attributable to sun. Suu or michael corleone. The point stands
Race to Premier League Top 4
"The race to the top of the Premier Li is tight especially for those on the outside, looking in Manchester United in Fifth Spurs in a film meet on. Friday separated by just four points in the table, and as you see Friday's odd, the bookmakers don't see much separation between the two sides, either still with US Danny and Stevie Danny I'll start with you. Spurs getting everybody back, so Kasan Kane and yet before the stoppage, they were dreadful. How much confidence do you have in Marino turnaround? I think the place that you just mentioned comeback. Think shoot for them I think if you look at Hurricane, for example, you know the way the the way the Marino started when he first came in. You know he's. He's the focal point of the team. And what taught him did and what radio likes to do quite often is allow their positions of the ball not worked really well for Tottenham in the. The opening stage hurricane was fit. They would sit deep, and then when they won the Ballpark the likes of Aldo viral song. You know very good on the pole. They would be any press from the opposition on the way to be. That was played the bullets. A hurricane is one of the best send full wits with his back to goal, and then the lights, Dalyell. You started unbelievably well on marine. He was getting close to hurricane. The likes of saw the likes of Lucas Mara, but then not hold dynamic. If the team change hurricane got injured, talk continues to play the same way what they had to play. Believe Lucas Maraven even daily goal. Sean is the man and while I do the pace while they don't have the whole to ability of of Hurricane. So what would happen is the. The the balls were being played very long and delone centerfold would find himself very isolated and he wasn't getting any support from the mid fail, so I think hurricane coming budget changes. The whole dynamics of this team and marina will be grateful. letty sparked, but I think optimistic as well for the rest of the season Stevie, Deli allies suspended that everybody's back from Marino. No excuses now, yeah. Do you know what? That little picture Danny painted of the best bastion of. The problem is is the time we saw the best version of Tottenham you probably going back to the semifinal. Champions League which seems like a million miles away so. They've got talent. Settling when the on the game that a team to be reckoned with, but the factors the haven't been even though the Hudson's under Marino. Hasn't exactly been great to watch. Listen yes, the everybody park, but it's one thing having named John Team Sheet. It's another one to perform so. I'm not quite as confident that is Tottenham. Say can just turn around even though the home and stop perdition, Danny other side of this Manchester United. It's pretty clear obvious question. If Paul POGBA was fit. Do you start them? I do you know I would stop him I think obviously it does get a Chris go in his way, which you can understand some of and I think it's probably the from unites. Oppose the ability that he does have just shown on him. All consistent basis. I think obviously. Since, he's been injured. Does undeserved Don incredibly well? He's hit the ground running and nothing dot can only benefit Paul Paul I. Think one of the situations the much should united of Hardouin Paul Pogba was playing without any any of the playmakers around on the Patriots expects it to do everything. Let's not forget. This is a play. The Golden Moshe sister lunch night. Let season got the most goals from. Last season, and was still criticized and I think when he first came from event as he was seen as a play, there was a box to box midfielder. Now I don't believe Stephen May Disagree, but I don't believe there's such thing. Those box box midfielders because the game is far too quick his faults. A defensive midfield dictate from from DEEPA or you're document midfield during that just thing that now. What happened while can happen is from United's perspective. The biggest problem in recent years has been when teams have played against them in sock united haven't been able to break down the lesser teams. They've got no problems against most of the because the complain the counter attack now the added insensitive, not for months of shines that they have to playmakers in the team, so the opposition midfield can get caught between a rock and hard place. Do they go and stop Pogba with try to stop? Poker will probably be playing deeper. Now than finance than Fernandes in space. If you go stop, stop, Fernandez, then you leave Papa with more space, so it could work out really well for Manchester, united and obviously Chris Rashford coming back as well united. One of you know a few teams that could actually be coming back into this situation stronger than while they finished although they had some outstanding
China proposes national security law that could have major impact on Hong Kong
"China's ruling Communist Party is set in motion a controversial national security law for Hong Kong China's top leaders have pledged that this won't kill Hong Kong special status as some fear the premier Li could Chang said the city will retain a high degree of autonomy but this new national security law would be a significant imposition from China's Communist Party leaders in Beijing hello is centered on guarding against subversion secession treason and terrorism protesters could face far tougher sentences if they convicted under this new role Democrats reformists in Hong Kong's assembly have already mounted a small scale demonstration waving placards to disrupt
China promises higher spending to reverse surging job losses, sets no economic growth target to focus on virus fight
"China's top economic officials promised higher spending to revive its coronavirus battered economy and curb job losses premier Li Keqiang said that Beijing would said no economic growth target in order to focus on fighting the disease warning in an annual report to China's ceremonial legislature that the battle against the virus hasn't ended calling on the country to redouble efforts that revive slumping economic growth police said the government's budget deficit will swell by one hundred forty billion to help meet targets including creating nine million new urban jobs that is in line with expectations of higher spending but only a fraction of similar packages being discussed in other
The Virus Changed China's Big Political Event. Here's How
"You China today begins a week of high level political meetings it's called the two sessions and authoritarian one party state makes a show of inclusiveness holding the thoroughly choreographed meeting of the national people's Congress China delayed this meeting by almost three months because of the coronavirus now the meeting signals the party's confidence that the epidemic is under control and that it's time to save the economy here's NPR Beijing correspondent Emily fact at the heart of this year's two sessions is a number specifically what China's annual economic growth target will be or even whether China will set a target GDP at all see teamviewer a political analyst at Panvel institution a Chinese think tank explains why the growth target is especially important this year people need a clearer idea here L. concept or blueprint for the next half of this year or even next year if the virus stays around with us because it's a centrally planned economy China decides what they want the year's GDP to be and local governments scramble to make that target at all costs but this year code nineteen because China's economy to shrink six point eight percent in the first quarter the first recorded contraction and more than forty years given the growth target will be announced nearly three months late others of the se it's pointless to subpar gate because it's already in the middle of the year all I can to do to ensure that the target will be materialized the name two sessions refers to the concurrent annual meetings of China's legislature and the country's top advisory body the two sessions that demotion China's centrally planned economy each year that's why her away the fiscal policy analyst at Beijing research firm gather Kell dragon onyx thinks there will be a growth target announced around three percent GDP growth far short of the six percent China was originally aiming for see if your abruptly say saying that there will be no goal this year I will be very harmful accounting to tell it what to do and they will be up or is it will be very hard for them to you know achieve the unemployment rate targets set by the central government because they don't know what exactly target for them to be so without targets local governments overseeing China's one point three billion people would be left without guideposts making it likely there will be a growth target announced away is also looking for any sign chinaman announced a fiscal stimulus to boost economic activity like it did from two thousand eight to two thousand nine but says that's unlikely China has much more corporate and local government debt now and doesn't want easy credit to oversee its property market the overall policy tool has been relativity of ash and they are not willing to do a big stimulus at two then eight because the major constraint basically at the top high debt level and also the high housing prices tomorrow Chinese premier Li could tell announces China's economic targets most journalists will not be allowed into the legislative hall this year due to the corona virus only one diplomat per and this you will get to attend and will be given a covert testing be bused to a special government hotel each day after meetings with the two sessions underway China is signaling has the epidemic under control but it's still not taking any
A houseplant tour with Mercy Morris
"Let's officially start by saying hello mercy. Moore's we're here in your front room back room. I didn't know how you describe this room. And I'm the first I mean you haven't had a toy yet your N. G. S. opening of Your House plunk collection so I guess I'm honored to be getting the experience of coming on this tour. I think this is really special. Ngs's agreed to have this as an open house tour which is by arrangement. Only did you able did. How did it come about well? I met one of the local guys last year when I was selling. Houseplants at somebody else's opened and he just said to me in passing wanted has plants and initially though stupid idea and then the idea kept going round round in my head and I actually know that would be really fun. It would be really good for house plants with Nick because people then they'd be almost as important as Garden People Heaven Full Fan. Yeah the case. Yeah so I got them round and they did. They did say I was mad. They didn't say couldn't do it so he we on here. We are and you have a wonderful collection. We've just heard today that you've you've been awarded. The status of National Collection of clarified. Some cultivars tomato cultivars. Hey fantastic you have to have your teeth into say we? Can we get to see as we go round some of your collection which we can talk about fervor? There's loads of big leaves in here. We start with some of these big leaves how I take you to the beginning of the whole thing. Yes you cut. That is a beautiful Swiss cheese. Plunk just say that is a really nice specimen. This is Austin Austin Morris. And he was the first house plant that I had that lived. My mother was deeply into plants and she spent most of my childhood trying to get me into plants as well. Roy didn't work and as a student on why the student I had lost plants that are killed and this was the first one that actually lived so he is the the three years old this year while spence is that Short because I've continually are taken out the pro tournament cartoons and shrink against East. He's nice and short. He's very compact isn't he? And I think that is a really good tip because lots of people get to the stage with Swiss Cheese. Plumber does get out of hand and they kind of very much. Fear doing that hatbox. But you're not really shows that that works brilliantly because it's go beautiful fantasy leaders come which mature leaves. But he's a reasonable size. I'm taking a leaf out of your book. Literally with my own monster is when they get to that stage because that is the way to do it. I love the way you got the black label lesser. Ns Nineteen eighty-seven bats tasked with me many many times. Sometimes of taking on the train last time it moved has had to get French petunias carcass. It's quite heavy. I can imagine it's a bit of a job to report is a fantastic looking plot and Yeah you've you've you've kept looking in great shape and it's very very healthy and I'm sure there's always somebody looking for cutting. Yes yes so you got one. That was yes. That's the scruffy. One from last lauper is due to be done in about eight pro. People want to see it in its full glory. They need to come in okay. Okay and so people can couldn't contact you to make an appointment to come and see your collection here in Hun Hun Bay in Kent of Forget. Murray off for a minute How how busy you expecting to be with this tour? Is it going to be literally going to wait and see? Yeah I would have thought was the first house plant offering from the NGOs that would be an attractive option for people but I guess time will tell exactly I think a lot of the established. Ngs Garden visitors so used to visiting herbaceous borders and shrubberies and so on the there will be a bit hesitant about it. Perhaps but I'm hoping also that bring people who've never been to an end. Gs gardening before perhaps a younger crowd who are into house. Plants on rather than than hanging gardens year savvy unless just turned to this one for stepladder with your some of your floor fights Komo SOM plants on it. Let's waste display plants. I'm always looking. I find those wooden stay. I'm always looking for him. Outside junk shops. It's one of those things to kind of serendipity has to be in place OPA you have to go to your Grandad's garage to for that. Was she unlock all of the ones? I've seen have been about thirty to sixty pounds. I've found that one for a five. Oh good good boy. Good and you've got lots of calm. Glorified Komo some. How many cultivars are there in your national collection? It is about seventeen or eighteen but that may reduce as I find some of them are identical plants but with separate cultivar nine. Roy and what made you choose clarified? Some commotion Cultivars as a subject for national question because it's not too massive and not to. Yes we want to do is quite compact collection so you can have it in a small. How also I think they're so under appreciated as house plants. They are really long suffering. They're the easiest thing in the world to propagate they just propagate themselves while you sit there and do nothing and I think the world really needs to Stephen for the beauties that they are. What's your favorite Cultivar? Ooh That's my but you know why ins oh lovely. She's actually perseus tat. It's more Lime Green and stripes. That's really nice. They set on Powell as well. So that's what you're what some nice one and how easy found pick these up. I mean we always white losses being you know very common but some of these cultivars harder to get. Yes some of them. I've had to get from another collected. This Very Generous Gentleman Joan circuit. Let me have some of the. The grayer cultivars that he's had in his collection years apart from that. The usual thinks nuking around on Ebay. Yes Oh the joy of joys of the Internet for looking for plants that is a great and we turn and look and we've got another enormously plant on the other side and beautiful. Is that one or two fatally figs. Tell me about this. I don't I'm not even sure I can identify. What kind of our dotty inst- that's a philodendron. It's got the the non well. It's an rotating now philodendron green beauty. Which really doesn't tell you. Anything of large Ingraham. I haven't been able to track which species it comes from is it just appeared on market relatively recently beautiful and one of my friends said my see how to have this so I had thought is how it goes. Isn't it is now exactly how it goes on. You've got these two lovely fiddly figs. I mean on often disappointed by fixed. Don't tend to grow very well. You'll look lovely in healthy. Are they challenging to look after or do you find the most again those are in late? Twenty s awhile. So you were in the fiddle I o before our everyone does find them in a florist in Eastbourne when I was leaving and again with those I chop them down because otherwise they they just go. Straight up. Like a skyrocket a night either fool. I wrote hit the ceiling so I chopped them one on the right hand with the smaller. Lisa's chopped last year. The one that's recovered was chopped the year before and you can do cuttings of them relatively easily as well. Yup well the the you have a one fleet leafy living. We've also got more shells with more plants on them. Some little baby spider plants. I can see and some. Is that some Premier Li ads there or some kind. Of course he ever media earth style. They're all out. That's propagating moment. Look at they are in Little Koya. Oh yes Paul Fox. I find them really difficult to route because they they tend to live ever without route. That's about two years to be right to die. That's that's another sponge plant that came from weasley strike which is a pretty one
"premier li" Discussed on Bloomberg Radio New York
"Vice premier Li or Hey will be here next week well for two days the signing ceremony will be on January fifteenth I think it's a Wednesday president trump will sign vice premier Li or Hey will sign they'll be Salvatori dinner and lunch is surrounding those signatures everything is completely in place I've seen some of these rumors let me just tell you everything is completely in place the translation work the signing ceremony work this is an historic remarkable deal and the president was talking about it yesterday yeah when he unveiled his environmental deregulation maybe we'll get to that is pro growth but on this point I mean we really got a lot in phase one a loss in phase one what the percentage is that I don't know it could be forty percent it could be fifty percent and some people are saying well gosh we left the tough stuff for something called phase two Allen just called Vassar why Heiser from our conversation last night this is such a wonderful fellow and I always check in before I come on the air with a you know nobody ever thought we'd get phase one no one is ever done phase one before there is nothing like this yeah in trade history so that the importance and significance of phase one is enormous and that's the tough part I will get to the rest of it but we covered a lot of ground and it is John isn't as you and I have discussed this is that pro growth radio assuming that the Chinese comply with the conditions and so forth it has the capacity to add at least a half a point of growth in the next year if not more well I love to be able to verify everything you just said but I calm because I've.
Japan's Shinzo Abe tells China no improvement in ties without stability in East China Sea
"The Japanese prime minister Shinzo Ave has told his Chinese counterpart that's bilateral relations will continue to suffer unless tensions are reduced in the East China Sea but speaking as a meeting and John do the Chinese premier Li could channel was more upbeat okay find a Japanese relations of back on track it can be said that this was hard won we should look forward to the future and push the relationship between the two countries onto a normal track well nothing the moving for healthy but also making you progress the meeting which included South Korea is part of preparations for a state visit to Japan in the coming months by Chinese president xi gym thing both Tokyo and Seoul a wary of Beijing's growing military power and economic assertiveness in the region China continues to be I'm good at Mister rob ace visit to see Japanese washer
China, Japan and South Korea meet as North Korean threat looms
"China Japan and South Korea have not had the warmest relations either historically or in recent years but as a meeting in Chung do in southwestern China the leaders of the three countries have today promised to continue dialogue over the nuclear tipped threat from North Korea and to boost economic ties ties which which have have become become severely severely frayed frayed the the Chinese Chinese premier premier Li Li cho cho Chang Chang has has been been hosting hosting the the summit summit through through this this meeting we will strengthen our political trusts to maintain the security stability of the region to maintain world peace to respond to the pressure brought by the economic downturn and to plan for a better future of the China Japan and South Korea co operation as for North Korea asus tested several short range missiles this year which is being a particular concern to its neighbors Japan's prime minister Shinzo Ave kicked off any three of us cannot how big of a model in regards to North Korea I mentioned during the summit they repeated launches of ballistic missiles or a violation of UN security council resolutions and seriously threaten regional security I added that it is important to push forward the dialogue process between the United States and North Korea to achieve north Korea's complete denuclearization June park is a political economist of the national research foundation of career in Seoul but when it comes to discussions of trying to trade links and indeed talk of a free trade area between the three countries has not called any closer to fruition well the investment treaty that was signed among the three countries and trilateral form was in two thousand twelve and it went to a fact in two thousand fourteen but a a massive trade agreement of the three countries hypothetically if it came into force then it would be roughly paralleling the European union's GDP total output per year so it is something grandiose symbolically bird in order to achieve such a goal I think there are many hurdles that remain what I mean certainly when one thinks about relations economic relations between Japan and South Korea and to take those two I mean they've been particularly for whatever day right so with regard to some of the measures that were imposed in terms of export restraints for the three core components of semi conductor and display the formulation and production there have been some improvements in terms of Japan's release of these materials if for exports but I think that there is a geo political picture that must be in our listeners minds there must be some kind of a big picture in terms of the US China relationship with when talking about South Korea and Japan make tensions well I'm I'm sure and maybe we'll get on to the United States but just in terms of South Korea Japan is is south Korea's still insisting on Japanese reparations for the actions of the second World War yes I believe that in the bilateral meeting that was held today there have been a strong assertions by president moon of South Korea to ask for a significant change from the Japanese side with regard to the export constraints right and any suggestion from the Japanese that they're willing to battle on that because of course the minutes of streaming around rikishi Japanese so from the Japanese side there have been political messaging or diplomatic dialogue in order to resolve these issues but I'm not sure how these two messages would actually come into something of a fruition you mention the United States in terms of what we've got used to being the increasingly protectionist noises emanating out of Washington ease fattening seem to be using for China Japan and South Korea to have place an economic ties so the alliance system is critically damaged by some of the US requests for mutual cause burden sharing efforts militarily so that's number one for South Korea and Japan but in the sense of the tree where that's happening it has only been on China but also in Japan and South Korea some of the US course of messages coming on to Japan and Korea and Japan has signed a new trade pact with the United States and South Korea also revised at the US Korea FTA it's been about a year now and it's going into force pretty soon but what's really essential here is that the alliance is not what it used to be I was told to June park she's a political economist at the national research foundation of Korea in Seoul
Pressure on Carrie Lam to end unrest after talks with Beijing leaders
"The Chinese premier Li ke Qiang is told Hong Kong's leader Carrie lam but you must end the violence and chaos caused by anti government protests during ms lambs annual trip to Beijing Mister Mister Lee offered her the government support but expressed regret to by the economic damage being done to Hong
China says trade envoys agree on phone to continue talks
"Trade envoys have agreed to continue U. S. China trade talks the eight piece my grass he has that story in a brief notice the official Xinhua news agency says vice premier Li you he spoke with US trade representative Robert light Heiser and treasury secretary Stephen the notion by phone early Tuesday Beijing time the notice says the two sides discussed solving issues regarding each other's core concerns the notice also says the envoys agreed to maintain communication on remaining issues in consultations on the phase
Trump announces ‘phase one’ of China trade deal
"We've got some new details today on the broad outlines of trade deal with China or partial deal I think maybe president trump is calling this phase one of a larger deal according to the few details we have so far this phase will stall some of the tariffs that were set to kick in last week but to unpack this and the rest of the weeks financial news we've got DIONNE ribbon of axios and Lynette Lopez from business insider they're both in our New York studio Oh hey you two hey how's it going kimberly so Dan let's start with you what else is in this what else is in this well everything everything you've ever wanted now actual movement on this intellectual property issue you've got commitments to buy some more soybeans import by the Chinese you've also got a I guess a rollback of the tariffs that were set to come on this Tuesday those aren't going to be put in place so you know it's not the best news what the market really wants for the tariffs to just go away be rolled back entirely but it's certainly not bad news the stress on our economy as it stands now will remain the this deal means that things simply aren't going to get worse I and the thirty percent tariffs that were supposed to be enacted on the fifteenth will not go into place however this this deal doesn't actually really deal with anything that the three Oh to investigation into China's a theft of intellectual property and other abuses of American corporations was actually supposed to handle so again this is kind of a band-aid on the Kind of bullet wound in the relationship the trump administration she says it's not going to get worse looks like the deal that we made last December which kind of positron for a couple of months and then it and brought it back in vengeance when talks to get to a more advanced stage collapsed while Dion I know you're optimistic about this but it's not written yet it's an agreement in principle the trump and president Xi are supposed to sign it together I guess at some point how real is this certainly real Liepaja is is a big player in China President Trump was obviously in the room this is his name Yeah Vice Premier Li from from China's who trump was meeting so again it's not like these are some low level you tenants like some of the trade talks that we've had in months past this is big folks Stretcher Treasury Secretary mnuchin came out and made an announcement that the tariffs that were scheduled to go and place in the fifteenth aren't going to come out I do want to make clear though I'm sort of trolling my excitement about this deal because it is a nothing deal with big oaks making small deals and unfortunately what we were supposed to do was make a big deal with China now the market will probably thing of Asai of relief and it isn't GonNa make central bankers more nervous but we're already in a position where it looks like the economy is starting to deteriorate
On U.S. delisting threat, China says 'decoupling' would harm both sides
"Through the day the market seemed to weigh the latest twist in the U. S. China trade war the focal point being the threat of U. S. capital controls we were talking about this on Friday with a report on the trump administration considering restrictions on fund flows from the U. S. to China including the possible delisting of Chinese firms on American stock exchanges then over the weekend the treasury kind of clarifying this refuting a portion of our reporting saying the U. S. had no plans at this time to stop Chinese companies from listing well none the less over the weekend Beijing vowed to keep opening its financial markets and to encourage more foreign investment city group was saying today restricting U. S. finance to China would amount to America's most extreme potential move in the U. S. China trade war it is on October seventh that the Chinese vice premier Li a hook will be in Washington for the next round of high level US China
Li Peng, Hong And Communist Party discussed on Hugh Hewitt
"State media have announced that former Chinese premier Li Peng has died at the age of ninety the official announcement from the Chinese state media praise to leave Hong as an outstanding member of the ruling Communist Party but across China Mr levy had long been known as the butcher of Beijing in the years following the brutal crackdown on pro democracy protests in Tiananmen Square it emerged that Mr lead was the senior official who advocated for force to be used to shut
Li Peng, Chinese premier during Tiananmen crackdown, dies
"State media have announced that former Chinese premier Li Peng has died at the age of ninety the official announcement from the Chinese state media praise to leave Hong as an outstanding member of the ruling Communist Party but across China Mister Lees had long been known as the butcher of Beijing in the years following the brutal crackdown on pro democracy protests in Tiananmen Square it emerged that Mr lead was the senior official who advocated for force to be used to shut
Li Peng, Chinese premier during Tiananmen crackdown, dies
"The former Chinese premier Li Peng has died at the age of ninety he became known as the butcher of Beijing for his role in suppressing the student protests in Tiananmen Square back in nineteen eighty nine B. B. C. C. to happen is in Beijing so how is Li Peng being remembered in China will officially in the party is commemorating hem as a great communist they praised him saying that he's an outstanding member of the Communist Party of China along tested loyal communist fighter it goes on to say he was an outstanding leader of the party and the state his obituary goes on for three long pages detailing all of his career victories and outlining his career and crucially it touches on two points which are which are quite contentious inside China it says that he helps with the three gorges dam project and that was a major success there being many critics in China will argue the opposite and also crucially it mentions that key year in China in nineteen eighty nine and it says that he took decisive measures to stop the unrest and not really hinges back to the fact that in the pong is thought to have been the one who really pushed the use of force to empty Tiananmen Square in June nineteen eighty nine resulting in untold number of deaths so that's the official version unofficially though what's how do you think he is going to be remembered in China unofficially I think many people will be breathing a sigh of relief he is probably the most or was the most unpopular politician in China for years after nineteen eighty nine he was known as the butcher of Beijing it was no secret to many that he was the one who pushed the use of force push the idea that the military should go in and clear the square and so I think that he really isn't respected in China also as I mentioned the three gorges dam project which is a huge hydroelectric dam built in China that force millions of people to move from their homes it is also so accused of being a very overpriced project and many are still questioning whether it's even necessary and so his name is tight to those two things and so I don't think many people will be saddened to hear of his passing there has been a lot of material about Tiananmen made available in recent years hasn't it but with his death this some of the truth that's about what happened essentially die with him I think so it Li Peng tried to correct really the version of the Tiananmen history that pain to a lot of the blame on him so in twenty fourteen he published his diaries leading up to nineteen eighty three this is a very unusual thing for a Communist Party leader to do even a retired leader to do and he didn't actually directly discussed nineteen eighty nine featuring that diary but he did try to defend his role as a as a good communist leader he also did on occasion referred to the fact that he he was following through on orders in nineteen eighty nine and then he was then hospitalized in July nineteen eighty nine so it's widely believed that he did a suffers some kind of break down after the Tiananmen Square crackdown but I think really the party has just simply double down on its version of what happened in June nineteen eighty nine it has been many people have called on the Communist Party to re visit what happened in that time to to release more information even to release frankly the official number of how many died that still is a state secret but with this obituary published today it's clear that that's not going to happen in the near future it has only reaffirmed what was once said about Li Peng and it's just going ahead with that version of
"premier li" Discussed on Bloomberg Radio New York
"Negotiator Vice Premier Li oh ho will. Join the latest round of talks in Washington this week. The news is seen as a sign that Beijing is fighting to keep negotiations on track. After President Trump said, he's raising tariffs on Friday. But at the same time sources tell Bloomberg that China is preparing retaliatory measures against the against US imports. If new tariffs are imposed. Meanwhile, I haven't fi- managing director Christine Lagarde says the possibility of the US China trade war is a threat to the bull world economy and resolving any disagreements will likely still take time. Nobody wins a trade war. Everybody has to lose from a trade war, and we very much hope that the trade discussions that have taken place between China and the United States will resume which is what I understand will be successful at the end of the day. I know that both politics talking a lot of very important issues. All the observers would like it to be done yesterday. But those maters actually take time. Well, a report in the New York Times says President Trump's businesses lost more than a billion dollars between one thousand nine hundred five and nineteen ninety four newspapers sites printouts of IRS transcript of his federal tax forms. Its Trump lost so much money that he was able to avoid paying income taxes for eight of those ten years on Monday. The treasury department said it would not release Trump's personal and business tax returns to congress US secretary of state, Mike Pompeo has made an unannounced visit to Iraq to show support for the government as Washington ramps up pressure on Iran. American officials say there are indications that Tehran is planning to retaliate for the Trump administration's tougher sanctions. Although the information about that threat remains vague the US is also moving battlegroup to the region. Clouds are gathering over the euro-zone European Commission cut.
China says Vice Premier Liu to visit U.S. on May 9-10 for trade talks
"Teach. China's Vice Premier Li her will visit the United States with trade talks on the ninth and tenth of may. So we're getting vetted Yousef. We've been wanting to know this. This is a key Bisham information, whether or not you was going to be joining the trade delegation in in Washington after President Trump tweeted that would be trade tariffs imposed on China on Friday. So that head is now on the Bloomberg terminal to vice premier will visit United States with trade talks on the ninth and tenth
"premier li" Discussed on Bloomberg Radio New York
"And stock proposal under consideration would value crown at fourteen dollars and seventy five cents a leeann per share and crown suffered a lot after pulled out of milk. Oh, the venture. With milk. Oh into Macau when it pulled out last year milk o the stock went up cut quite considerably the second half of the year. So interesting to watch that one. Let's switch to currencies. The dollar was weaker overnight in New York. It's restrengthen about a tenth of one percent Dalian one eleven thirty seven the euro at a buck twelve yield on the tenure kind of stuck now around two point five one percent and the Chinese currency at six seventy one eight not a whole lot of change there. We'll get you a lot more details, including some of the risks in the market. The next time. We look at markets in fifteen minutes. Doug over the all, right. Let's begin with trade and not the US China relationship. The office of the US TR is focused on the European Union and proposing tariff countermeasures, we spoke earlier with Bloomberg's Kim Chapman. Tracking the developments in Washington and Trump US trade office is proposing tariffs in response to the US claim that EU aircraft subsidies civically subsidies Airbus have caused harm to the United. States. So yes, tariffs on certain. E you passenger aircraft are on that list as well as certain seafood and dairy products. Well in the us trade relationship with China. The two sides of the kickoff trade talks this week in Brussels. China's Premier Li Chung we'll be attending and Richard McGregor. Senior fellow at the lowly institutes is there's been a shift in attitude recently in Europe about China, Germany in particular. That's where the mood has changed. I think that's where the next battlefront might be. Also, a officials had been expressing exasperation with China's massively subsidised state-owned enterprises BlackRock is apparently set its sights on becoming a top money manager in China this as the world's largest asset management steps up its international expansion. We have more from Bloomberg's Denise Pellegrini. CEO Larry think tell shareholders Asia's expected to drive fifty percent of organic growth in essence under management over the next five years. That's thanks in large part to what it expects to achieve in China as it turns its attention to focusing on an onshore presence there. Blackrock got a private funds license in two thousand seventeen and last year launched its first unsure China fund qualified institutions and high net worth individuals in his annual letter to shareholders Fink also said the company is expanding in Latin America, Denise Pellegrini. Bloomberg daybreak Asia Saudi Aramco's older book now said to be with at least seventy five billion dollars. This is for the sale of its debut dole. Bombs. Bloomberg's Matthew Madame sizzle signs point to tighter pricing for the bones and for the sovereign. That's behind it. A remarkable result for state of company to price tighter pricing than the instinct which owns it's going to be a key consideration. I think for all investors to be watching this issue. The pricing will be unfolding in the coming hours. And if demand remains tied ahead is a tremendous turnaround will street in corporate titans shunned the kingdom for pot of last year following the assassination of journalist Jamaica Zhongjie there have been more job cuts. Tesla we spoke earlier with Bloomberg's Donna Hall. She says the firings come as tesla attempts to sell more vehicles online the inside sales teams in Chicago. Brooklyn in Tampa were dismissed this was not part of a layoff. This was termination, and it was affective immediately. Last week tesla reported a record dropping quarterly deliveries and the firing started at about that time today we heard from Morgan Stanley analyst Adam Jones. You cut Tesla's price target and cited deliveries and concern about Tesla's access to capital North Korea and China have opened a new border crossing in Beck's global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Paul in spite of the sanctions of Stiller on China's Longman North Korea's biggest trading partner, although it did cut back actively Wallace sanctions have been on. But this crossing over the Yellow River signalling deeper economic ties between the neighbours. China's news agency says at this point it is for passenger and cargo export morally bankrupt. That's how New Zealand's privacy watchdog is describing Facebook Commissioner John Edwards says the country should follow. Australia's lead by making laws that could jail executives over streamed violence such as the Christ Church mosque shootings, and the UK has joined the global MAC backlash proposing fines and bands. Jeremy Wright is the UK secretary for digital the information Commissioner's. Office in the has the power to find those who are in breach of the privacy and data protection regulations. And what have the power to impose fines up to four percent of the global turnover of the company consent? He says he hopes the rest of the globe can follow US judge is blocked. The Trump administration from returning asylum seekers to Mexico as they wait for an immigration court to hear their cases. The order out of San Francisco gives the administration until Friday to file an appeal. So the ban does not immediately go into effect Brexit's big week tomorrow e you member countries plan for the Wednesday. Visit of UK Prime Minister Theresa may, Bloomberg opinions Marcus Ashworth says extension extension extension. Tracfone old side trying to the to the public without really sharing that it's. Or dance. Yeah. He says the reality is she'll probably be offered an extension to the end of the year. So it is four days now from Brexit and counting down global news. Twenty four hours a day on Aaron tick tock on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg are cast for the half hour is Vishnu Verizon head of economics and strategy at Mizuho Bank on the line from Singapore. Additional always a pleasure of trying to understand what's happening in the oil space. Right now is our prices moving higher because OPEC plus one have really done a great job at pulling out a lot of supply from the market. Or is this the market telling us that the global growth story will somehow emerge or reemerge? Overpaid. I mean open has done, you know, part of the job in these on budget on those cuts in I think in the initial specs of it, you know, establishing compliance down the cut his phone. It's really tie that unforeseen. You know, you're. You're finished rolling pile teaches any Iran, Dante right now and really the risks that are coming to roost right now, which is pushing oil prices high much pasta to open buses. But you know, the deposition, I guess we own this not as strong, so the prices rising. But what point does that triggers certain things such as President Trump studying to complain again, the US pumping more Russia walking away from production cuts and other such events. I think we need to be sticking points. My suspicion is without trying to predict President Trump on my suspicion. You know, he sold her to get back onto protesting that you don't want to hit it the wrong way into faucet that. And you also have Russia that you know, is going to be perennial issue to see what the likely to stick with because I mean production costs endeavor lines undis- incentive for them to openly. Welcome because it would undermine prices. But not stick to some of the dog. Feed upon at the margin. You're right US, silver biggest produce I think it'd be more oil coming involved vice really two things. One eight supply shocks that deal. Oh, second decree deputy job t for example, if inches wretched high industry of homeless closed by around the gravity on price a lot higher because of these geopolitical it gets harder to predict of practice could be I do concede one fundamental point which is on the supply Domon game a price a little higher than the to be. So it's it's really the Daiei site shortage catching up and in pushing prices up right now what we continue the conversation Vishnu on cures to get your take. As to why the breakage is occurring between the price of oil in the US dollar typically when you see oil perform as strong as it has been over the last seven days, we would understand or at least expect the dollar to be kind of in retreat a little bit. And we haven't seen that relationship. I'm I want to know why fish? No Verizon is head of economics and strategy at Mizuho Bank. We'll talk more about that after.
"premier li" Discussed on World News Analysis
"You're listening to today were discussing China's domestic issues and also it's foreign policy. Now, let's talk about this tax cut and fee reduction. We mentioned in the first segment so Victor Premier Li talk about this this morning that it will be implemented in coming month. So how effective do you expect those policy their impact on the private sector? Ward a small businesses. Well, I do hope the policies announced by premier leakage. This money will be. Implemented a very faithfully. And the results will be. Very well felt in the business communities on the other hand allow me to emphasize that the Burton's on the Chinese companies, especially for the smaller medium sized the privately owned enterprises are very onerous. It's not only the income tax faced with, but also, including all the tariffs and charges and levies that the various government entities tend to Levy on these enterprises, and I think combined together the tax and the levies and charges of fees. For example, actually, add up to a very large button all these enterprises, especially for small medium sized the privately owned enterprises. And I think it is time for the government to take very affirmative measures to make sure that the burden on the companies will be lessened and the companies will really be immense. Pated, for example, at least they're overal Burton should be compatible to for example, the US companies after the massive federal corporate income tax reduction because otherwise a we are really put up so much burden on the Chinese companies or eventually they're visionary and productivity will be severely handicapped. Not only for production here in China. But also, especially in terms of competition with their counterparties in other developed countries so victory mentioned implementation. Do you foresee any particular difficulty challenges when he comes through the implementation process of of course, there will be difficulties for example in China because the countries so bake, and we have a structure of the central government and the top provincial governments in the middle. And then city and local government. On the third tier? Don't forget. Each of these provinces the size of a country in Europe, for example, in many other parts of the world, and sometimes the central government makes the right decision. But there is a kind of attempt at the regional level or the local level tried to succumb spent the central government's decision and tried to really wiggle there. Some rooms into the experiment implementation of these policies. But eventually the end result is that the culprits actually find themselves very helpless in dealing with these very excessive of burdens on the companies, and eventually, for example, some of the companies have to close down or reduced staff. The have for the employment or even for example, sometimes they need to relocate to some other countries or. I hope the policies and decisions announced by Premier Li Chang..
"premier li" Discussed on World News Analysis
"Victor just mentioned innovation and the first question is about the sharing economy earlier today, a Premier Li set when he comes to the several quite high profile like sometimes safety incidents regarding the sharing economy in China last year. He's he said when it comes to regulation of those new companies he said, not to let it be abut war. But instead of also not down once there is a problem. So Vetere, how'd you? See this approach of the Chinese government to regulate that the new economy. I think you probably are referring to some of the new phenomenon into business in China involving new business models, for example, in China from the government's perspective there is an eagerness to promote more innovations, and they actually tend to approve for new types of the businesses Neil concepts, for example, new business models, which emeny other countries of the government's all the regulators actually have a higher level of scrutiny against these businesses as primarily correctly Pontius out where you do allow these new business models to take place all even to flourish. There are both pros and cons. There are rewards as well as risks. And because many of these new business models. Completely new and the country all the consumers of the society at large enough for prepared or sometimes they don't even know what will be the downside of negative or damaging consequences. They will bring in. Sometimes we end up with some huge losses. Autism Astor's all business scams. For example. However, I think primarily giants also very correctly pointy out that the government should really be more balancing dealing with this on the one hand, I think China still need to really adopt a very on day shis way in encouraging these new businesses taking shaping China. But all the other hand, I think consumer protection and fraud prevention and info sment of all kinds and also a mechanism which can really spot some of the foul play mechanisms in these new business models should take. So that eventually while way, give them enough incentive to try and experiment with new ideas and new concepts. There will also be very speedy and effective mechanism to pick up the signals of foul play and eventually come to quick solution of these major problems to avoid major disasters all very bad consequences of for the Chinese consumers. Right. So Mike like Victor mention it's not just an issue in China. We know there is a debate in other parts of the world about regulation on those like internet giants were companies. So what's your observation of the approach of the Chinese government? I think that the the controversies that exist on the maybe the calls for regulation differ by country and differ by continent on in the United States..
Chinese premier: 'We must be fully prepared for a tough struggle'
"My panel this week are three people who've been following events in China very closely for years in our studio in Beijing. I have Safiya Yan she's the Beijing correspondent of the telegraph newspaper. And she specializes in China's economy. I also have Ian Johnson there with her. He's a Pulitzer prize winning journalist writing out of Beijing and also down the line from Newark, New Jersey, I'm joined by Sarah, sue and communist with the state university of New York as Vincent mentioned, the National People's Congress. China's annual parliamentary meeting is in session, sometimes it can be quite celebrate Tori, a chance for communist leaders to Pat themselves on the back. But this year amid worries about the economy the mood was a bit different. Listen to some of the language from the big speech delivered by the Premier League. Gene yet. And should you engine in the past year? China has faced a complex and severe internal and external situation that has rarely been seen for years. With the economy burying the new downward pressure. But under the staunch leadership of the communist party with president Xi Jinping at the helm, the Chinese people of all ethnic groups forced to head vigorously and fulfilled. Major targets in economic and social development. It also made major progress insecure in a decisive victory in building a moderately prosperous society in all respects. So fear, you were at the NPC, and you heard the premier speech, what was the atmosphere like there? Well, like, you would expect any other year. There's been a lot of propaganda and a lot of political theater going on as the NBC kicked off Premier Li Chong speech to take a more muted tone, and it's really marked difference from the sort of environment. We were in at this time last year in China this time last year, president Xi Jinping had scrapped term limits. He looks every bit the unstoppable strongman, but you fast forward a year to now China's really started to kind of roll back rhetoric. It's swagger what it wants to show and the tone that Premier Li had a speech on Tuesday, definitely was kind of walking things back a little bit and just trying to at least, you know, sort of point towards the fact that there are some challenges ahead on the road and trying to manage expectations a little bit more, Ian you travel widely around China. What have you been witnessing in the past year? What's the economic outlook outside of Beijing will one struck? By the fact, that a lot of the things that have driven China's growth over the past decade things like urbanization and big infrastructure projects that this really they've hit a point of diminishing returns, the country's not urbanizing as quickly as before. There aren't as many people moving from the countryside into cities and the big infrastructure projects are still being built, but they're making less and less economic sense. I was I was just in a western city. She and and they're they're building a big high speed rail out to ching high, which is this province on the Tibetan plateau. And this engineer. I was talking to such me. I don't know if this makes any sense at all to build a high-speed railway just isn't the population density is a huge amount of money, we're spending. But these things keep getting built. And I think there's a sense that it just makes less and less sense. And it's true that the government's talking a good game about this. They're trying to make the structural changes. But actually they've been saying this. Now for years, and there is scant evidence that it's really happening yet. All right, Sarah from your vantage point in the United States. What are using their concerns about economic challenges in China that could refer to in his speech. Well, I think that there are a couple of different and opposing views. One of them can be found within members of the Trump administration who view China as a threat and Trump has been pretty interested in this U S, China trade war, which has been going on and has gloated that the US has more power more economic power than China does and can out last China in a trade war. So there's that perspective that is triumphant regarding China's declining growth, and then there's another aspect for firms like apple and Starbucks that are interested in China's growing consumption. China's economic slowdown is a serious barrier to their expansion in that nation and also for people who are interested in selling real estate in certain areas of the country. They see a slowdown in China's foreign direct investment and overseas real estate investment that is very concerning for them. Okay. So we have worries mounting inside China and also Sarah, you mentioned that that bubbling U S China trade war for now. Let's take a closer look at the challenges facing the economy, and how the party is trying to deal with them. It's been said that China has a GDP fetish. And as I mentioned earlier in my conversation with Vincent neither there's a fixation on GDP growth, and what the targeted growth number is, historically. Why is this such a big deal in China in comparison to other major economies so fear? Can you take a stab at that? Well, I so long we've seen double digit growth in the Chinese economy. The slowdown. We're seeing now was always on the docket. And the big question the entire world has asked for by longtime is how fast I slowdown will occur. Because if there's a really big ramp a really fast ramp down China is the world's second largest economy. China's sneezes the rest of the world catches a cold. So that's why all eyes have been on China for so long and this idea GDP targets it's quite measurable for local governments here something that they can try to strive for. It's a number that they can go for and it's a way for a country in this state of the state of development that China is to try to track their own progress, but that's been problematic for a lot of different ways. Because these numbers don't really capture a lot of the nuances that are really happening. And so this shift there is a difference in the pace of growth that we've seen. But again, as I said, it doesn't capture certain nuances that are now starting to happen in the economy as Beijing tries to move from this old growth model of low end, cheap manufacturing, cheap exports towards something that's a little bit more advanced manufacturing towards services higher. Sump shen. Can we trust the numbers coming out of Beijing? Well, we don't have to trust the numbers. But I think we can say that there are fairly consistent and it was fast. And now it's slowing and it's about half or even less than half than it was in the gogo years in the two thousands. So you see this across the board, and this leads to all kinds of social tensions inside China because in the past there was also unequal growth, but all boats for rising, so people were willing to give the government or by because at least things were getting better. And people could always feel that at least their children's feature would be better. And now, it's not so sure a housing prices are unaffordable, it's really hard for young people to buy a place even a second tier or third tier city. It's harder and harder to find work because you have to be really well qualified for this new economy China wants to build so the challenges are really are not less than in the past. And I think that it's it's something it's it's just a series of headaches for the government. So if we look at how Chinese people are dealing with the economic challenges on a day to day basis, maybe they don't mind so much that GDP figures or GDP targets aren't completely accurate, but Sarah, what do you think of outsiders who were who are looking at China? And it's progress does it matter that they might be questioning the veracity of the numbers coming out of Beijing. Of course. So people are concerned, I'm outside of China, and even within China that a lot of the growth is created by this artificial stimulus that it's government expansion of credit as well as fiscal stimulus that is responsible for economic growth now. But I just want to go back for a moment. I noted that people in China may not be concerned with the GDP figure. I think that people are concerned about growth itself and there. Our own circumstances. And I think that some people are concerned about whether they're going to maintain their employment in the future. Now, the situation is becoming increasingly dire in terms of the job market. And I think that you know, this is something that people are really keeping an eye on.
China's new economic growth target is lower but still robust
"China is looking at the slowest pace of economic growth in almost three decades. They get the details from Bloomberg's Tom MacKenzie at the National People's Congress gathering in Beijing. China's Premier Li Jiang warned of struggles ahead as announced a GDP target of six to six and a half percent for twenty nine team that is the softest target. The government has ever said itself GDP growth, they also announced a deficit target increasing that to two point. Eight percent from two point six percent that is to allow them to fund and fiscal measures, including three hundred billion dollars worth of constant taxes and fees aimed primarily at the manufacturing sector and at private
"premier li" Discussed on Loud Americans Discussing Soccer
"We care more about the Premier Li we care more about the Champions League that winning you know, as arsenal fans and boys. It's kind of become the Arsene Wenger trophy than arsenal winger would went every year, and it was still be an unsatisfactory season. So my question to you is what exactly can be done to increase interest and like public approval of the FA Cup. I've heard people say like maybe make it the fourth spot for the Champions League in the Premier League. I thought that was an interesting take what do you guys think has happened to the FA Cup? And why has it lost its mystique in what can be done to fix it? So james. Want to open up? Go right ahead. Yeah. I mean, that's that's a really good question. I'll say, and I think it's it's interesting too. Because everyone has different perceptions about the FA Cup these days. I mean, you take off nls winning streak of how many years it was. I try and forget, and you think yeah. Russell this is great. Because it's so again, and again, and again, but for other teams like Spurs who can't seem to win it. It can get kind of frustrating. You know, so in terms of the respective it. It's kind of it somewhat dependent on teams you root full to degree. Now. All the teams of take live, for example. Who clearly I mean, they didn't care right? I mean, you saw that performance against Wolverhampton that team lineup, and we talked about it just a few days going all podcast about their perception of it and white they think and like I say, clearly they didn't give damn so now, I'm not sure I mean, I I still think it's got a little bit of a reputation. I mean, if you compare it to like the caribou, for example, which I think person is is at the bottom of that. I I mean, I'd have to put the autumn that says that for now until Spurs what it? Wait for that. It'll be very cool. And when that does happen if it happens. But anyway, I think the FA Cup is still kind of hanging in. There must have been don't think it's something to be completely forgotten about. But I do think that yet they made it more. If if you did a team did win it than a ticket to the Champions League would be would give it more of a reputation for sure. But I do think the one thing that the FA Cup. Does do very well allow teams that are in the lower leagues like trauma, Rovers Stevenage, whoever it is an open. Yeah. We to play the Premier League guys, and you know, even have Harry Kane come on against tramway which to Spurs fan. But like why is he doing that ball port? Tina, then came out and said, you know, this is because we want to pay respects Tranmere and give them an opportunity came great. So in that respect the FA Cup is also, but I do take your point that they need to do something to make it a little more was wall. So to speak. Boyce? What do you? What are your thoughts? You know, generally, concur James's perception of the situation. Which is the fact that it's a team by team dependent sort of entity. I thought Klopp static over the weekend was pretty interesting. Given the fact that I'm gonna take the this. Sorry perspective on this which is clubs one is many trophies as Tino has over the last four years, and they may be in the lead in the league by four points. But again, they don't have any hardware, and yeah, they made it to Champions League final last year, which is incredible. But they didn't win and the fact that they trotted out ABI team against a wolves team that they knew was playing at home, and it would put out a fairly a fairly strong team. I don't think it was very much an upset on Monday. I would I call that much multiple weeks ago. It was completely unsurprising. That's a really good wolves team. I mean, I'll give Tottenham all the stick in the world. But that's a good team and wolves beat them. It's a situation where they're dangerous club and clock. Did what he always does in these domestic Cup competitions..
"premier li" Discussed on KDWN 720AM
"We're still missing military troops government, personnel and volunteers are searching along debris strewn beaches. That's where victims are found a bodybags were laid out and weeping relatives identified the dead. China's legislature is considering a law to ban local governments from forcing foreign companies to hand over technology. An issue that helped spark the trade war with Beijing now Beijing's long denied companies are required to trade technology for market access but officials including Premier Li Keqiang promise this year to crackdown as tensions with. Washington. Heated up the official. Xinhua news agency said it proposed foreign investment law taken up Sunday by the national legislature would make clear that officials cannot force the transfer of technology as a condition of business ventures, a lawyer for the former secretary of imprisoned financier Bernie Madoff is asking that she be released from prison in March. Attorney Rohan reportedly says seventy year old a net by John Rowe will have served two thirds of her six year term by March nineteenth and should be released by then he cited a law signed by President Trump last week saying it permits judges to order some prisoners released a home confinement after serving two-thirds of a sentence. Kevin Spacey's been charged with groping the eighteen year old son of Boston TV anchor in two thousand sixteen the first criminal case brought against the Oscar winning actor since his career collapsed amid a string of misconduct allegations. Shortly after the charge became public Spacey posted bizarre video titled let me be Frank. He delivered the monologue in the voice of Frank Underwood the character on net flicks is house of cards that has since been killed off. That video also broke a year of silence. I know what you want. Oh, sure. They may have tried to separate us. But what we have is too strong is too powerful. After all we shared, everything you, and I I told you my deepest darkest secrets I showed you exactly what people are capable of shocked you with my honesty, but mostly I challenged you and made you think and you trusted me, even though you.
"premier li" Discussed on World News Analysis
"Or you got this ad oil was deemed worthy of inclusion by the dictionary because it's been around for at least a decade now. So because add oil is considered a common phrase, and that's why offer decided to include it in his latest dictionary. Oxford's rule film is the word must be in regular use for about ten years. But there's another requirement. They also determine whether the word is commonly understood without people having to explain it. It's got to be really commonly used. So as an American do you think that's a phrase that you can understand without explanation? Absolutely not after admit. I'd never heard of the phrase until today. So you got me. Okay. So what are some other words that Oxford dictionary is including this year? There were more than a fouls and words if you can believe it here are a couple nothing burger. I don't know if that's million to you hear back home in America. A lot of the pundits. A lot of the talking heads on cable news like to call something. And nothing burger if there's just nothing there politicians like to say to it means nothing to it. There's a there's another one Ideo Crecy, which is to main the idiots are in charge running the place. So how long has at all been used? The dictionary says it originated in Hong Kong as a cheer at the Macau grand prix sometime in the early nineteen sixties it's been about fifty years. Do you know that Chinese people have actually created quite a lot of English words and phrases? For example, do you know have ever heard of people mountain people sea want that mean, no, no, no, no people mountain people sea. It means there's a lot of people are so crowded that it's like a a mountain made of people or see full of people. So it wouldn't be faster if I just said crowded here, it's more like it's like more visualized to say like people now Newton people see him out and people see as a as a k and also Nozoe no Di do, you know, that know swimming's if you do something stupid just to attract other people's attention? Then if die from that, for example, if you try to take a selfie on the train track who in a train is coming. And then the people the person just got hit by the car, then you can say, no, no die. Oh, man. Well, that needs to be said back in the US for quite a few things. I'm sure this next topic. Well, police want you to stop calling nine one one. That's the order in Toronto Canada as of this week recreational marijuana is legal throughout the country. But it seems not everyone is aware of the change. The high number of nine one one calls from people reporting their neighbor smoking has prompted thirties to crack down on the color's not the smokers as would have a week ago. The police have embarked on a public awareness campaign on Twitter to spread the word about this. So why does that people calling the police about typically calling about the smell of marijuana from neighbor's house? That's why this Twitter campaign just had to happen for whatever reason there was a level of confusion about the legalities of marijuana. But there is no grey area area. Here it is legal to smoke everywhere in Canada except in a car. So why is recreation marijuana now legal in Canada, prime minister Trudeau wanted to get weed off the black market and tax it. You figure that regulating marijuana sales would enrich the coffers put money back into the pockets of candidates thirty seven million people. It would be a ten percent federal tax with Canada's government keeping about a fourth of that. So there's a lot of money to be made from marijuana in Canada. Right. This is a business. It is more. One hundred marijuana shops opened this week across the country. Just as of yesterday you walk in you can buy your edibles seeds, and so on and again, the government will regulate this cannabis distribution with the provinces overseeing, so essentially they act as the middleman they buy it from the producers and then sell it to the retailers. So how does this new regulation compared to how the US is handling marijuana?.
"premier li" Discussed on World News Analysis
"And also a winnow the Europeans. They have been talking about a more independent diplomatic policy. But how far do you think they can go that's given the still rely heavily upon Washington full their security? What I? Community is going, and I suppose to what the media discussed. I think that there is a much more common. Ignited states, and it'll be union. However, not that corporation of other partners. Principally at. And that's why one of the things she run. Making on his playing. Corporation. They are and the bible Kline. So he's got their own China is better long on. I need one relations have not. Suffering that mass most family, do I think that possibility before additional security issues and stuff and cooperation included in collaboration teams that these things that their own. This is what they to see today in the more during the meeting of the of the same. And we know the European Union have put forward a new connective strategy linking Europe a nation, which sounds quite similar to the bout in Rhode initiative. So what do you make of this new strategy? This connectivity strategy early flick. They get a genius. That he said company. As the year of each on the home. The bill. Call your company cooperate more. Is there state in the market? And that's why process. These TV. Actually collected. What is that? He's started on these response to the bay anything. So he's made. The guidance fall behind on the TV. The year the agent and now it's funny that this company have not participated that sent process world. Somebody don't. Strategy that more fun. That she is in my bad news for China. China stuff ports. More seniors this time, I suppose more collaboration and cooperation and the more companies all over the war can participate the better for China because the is gonna be all the more should experience. So very briefly. Is there a way for the EU's news strategy, and the B R I to cooperate. Possible. It is possible. And we have many examples highlighting that peace is possible to you. I hear there are so many rain connecting China. I seem I seem like this one is outside for ten years for more trade between the two shy there, of course. But what matters more in my opinion. He's both sides are could think during connectivity and prosperity come on objective, and they are working in order to pretty there and corporate more, of course, or wait between company. Okay. Thank you. Dr Georgia senior, fellow international center for European studies. Coming up don't want foam is asking Turkey for audio and video evidence from Khashoggi investigation and Chinese president Xi Jinping urges efforts to win battle against poverty on schedule. You're listening.
"premier li" Discussed on AP News
"Chinese Premier Li Sean has pledged to open up his country. To Dutch businesses is a way of promoting commerce between the trading partners, Lisa's. He expects contracts worth ten billion US dollars or eight point six billion euros to be signed between Dutch and Chinese companies during his visit to the Netherlands. He says Beijing did a deal this year to allow a German company to establish a petrochemical plant in a coastal province. Of southeast China and pledged China will remove for an equity restrictions to Dutch companies as well. The mega millions lottery. Prize has now climbed to an estimated six hundred fifty four million dollars after nearly three months without a winner. The odds of winning the fourth largest jackpot in US history remain at one in three hundred two point five million. The estimated six hundred fifty four million dollar jackpot refers to the annuity option paid out over twenty nine years the cash option which is favoured by nearly all winners is three hundred seventy two million. The next drying is on Tuesday night. And then there was one AP's. Denny cap reports the patriots pin the chiefs with their first loss of the season. Leaving the Rams is the last of the undefeated even Gostkowski boots twenty eight yard field goal is time expires to lift the patriots past the chiefs forty-three forty gals Kaos game winner capital wild second-half which saw the chiefs overcome a fifteen point halftime deficit to take the lead then blow it then come back to tie it in the closing minutes Sony. Michelle ran for one hundred six yards and two touchdowns. Tom Brady threw for three hundred forty yards and a score as the patriots improved a foreign to Patrick Mahomes threw for three hundred fifty two yards and four touchdowns. But as AFC west leading chiefs came up just short dropping the first game of the season to fall the five and one I'm Danny count. Presumed death at a Turkish consulate. I'm Jacky Quin with an AP news minute. President Trump says that he's heard a report from CNN that Saudi officials are about to concede that missing journalist Kamal jamarcus Shoghi was killed in its consulate in Istanbul as part of an interrogation, gone bad. Official report so far the ruler rural report he sent his secretary of state to find out more about Khashoggi's disappearance. The president spoke in Georgia after touring damage from hurricane Michael they are and in Florida. He's bound federal aid to help residents businesses and farmers California. Utility say most customers will get their power back soon. Precautionary shutdowns went into effect because of a high wildfire threat visitors to Buckingham Palace thrilled. By the news, a baby AP digital news back in a moment is Ron Don. Somebody..
"premier li" Discussed on Bloomberg Radio New York
"Music editing and Marcus Carlson hair in London. Great to have you on the show this morning. Thanks for listening. Let's talk through these markets as we do every fifteen minutes here on Bloomberg radio this as we're looking ahead to the start of European equity. Trading in half an hour's time the futures suggest that we might see a fourth day of gains for European equities euro, stocks fifty futures rising. Hey by almost three tenths of one percent. Dax futures rising by a third of one percent Rosso seeing Footsie-100 and Carol teaches on the front foot rising by about zero point one five percent. Asian stocks have been rallying this session. The Nikkei two to five index for instance, shutting up shop with a gain of run about one point one percent. The hang sang still open trading rising by one point four percent in FX we've seen the Yuan rising after China's Premier Li Chung said that he won't let the currency devalue to stimulate. Exports. The dollar is on the back foot to the Bloomberg dollar spot index off by about a tenth of one percent. Receiving the euro bid at one spot sixteen eighty two old prices this morning firming up somewhat we are seeing WTI at seventy dollars on the nose and Brent crude at seventy nine dollars and ten cents higher by about a tenth of one percent. This of course, after Saudi Arabia said yesterday or signaled yesterday, I should say that it was comfortable with Brent crude rising above the eighty dollar a barrel. Mark usa. We have sort of headlines hitting the Bloomberg right ahead from Danske Bank. Then the CEO Thomas Borgen is going to be leaving the Bank. They have some additional guidance Sierra, they're revising their outlook CEO making it clear that the Bank has failed to live up to its responsibility Borgen will continue as CEO until the new CEO is appointed. And now they're expecting your net profit. For two thousand eighteen of sixteen to seventeen billion. Danish kroner a long series of lines are coming in from the man that has been under tremendous pressure. I mean year today to stocks down twenty seven point six percent, Marcus. Yes, certainly a lot of questions to on Suhair four downscale Bank, which has been under pressure as you say from allegations that essentially became a pipeline for loan money from Russia into Europe something that it is addressing in an internal report this morning. Danske Bank says that it will donate a one and a half billion. Danish coroner to an independent foundation that will be expensed in the third quarter is what we're hearing from the Danish lender this morning the full year outlook remains subject to uncertainty is what the Danish vendors saying, and that is not able to give accurate estimates of the suspicious transactions because we've been seeing sort of very varying amounts. Or varying forecasts or outlooks when it comes to how much money was potentially laundered through the Danish lenders. So something certainly to keep an eye on major news, then there from Danske Bank. Let's get back to our other top story China won't devalue its currency in order to make its exports more competitive amid the trade war with the United States. That's according to the Premier Li kitchen Tom MacKenzie, and Bloomberg's is Bloomberg's China. Correspondent China's premier said devaluing the UN would do more harm than good and repeated a pledge not to use the consi to support the country's exporters as trade tensions escalate leaker Chung to address. Additional concerns raised by Washington, saying intellectual property violations would be strictly punished an insisting foreign firms in China would be given a level playing field also said efforts to cut taxes and fees would be stepped up to support businesses made more challenging economic environment in Beijing. Mackenzie. Bloomberg daybreak Europe. Also this morning, China's holdings of US treasuries fell to a six-month low in July, according to fresh faces just as a trade war between the world's largest economies began heating up. Beijing ownership of American bonds Bale's notes slipped to one point one seven trillion dollars, the lowest level since John rate Japan, the largest foreign investor in treasuries after China increased its holdings at the same time as did Saudi Arabia, Taiwan, Singapore and France. The chief negotiator says talks are now in the homestretch Michelle Barney as comments came as both sides signaled willingness to work harder to break the deadlock as leaders prepare for a crucial summit later. Barney again offered to rewrite plans for avoiding a heart border with Ireland. We are ready to improve this proposal ongoing. We are clarifying which good arriving in Northern Ireland from the rest of the UK would need to be checked. And where when and by whom this tricks could be performed we can also fire that move checks can take place away from the border. That was the chief negotiator Michelle Barney, and tesla has confirmed it's been contacted by the US Justice department. That's after Bloomberg reported that the company is in under investigation by the DOJ over public statements made by the company. And it's CEO Elon Musk federal prosecutors onto stood to have opened a fraud investigation. After musk tweeted last month that he was contemplating taking tesla private and had funding secured for the deal. Tesla shares have fallen by almost twenty five percent since then. Time to get you an update on the latest global news better to go through the Bloomberg's leeann guarantee leeann. Good morning Yussef. President Trump has praised North Korea's leader Kim Jong UN for agreeing to take steps towards getting up nuclear weapons came in South Korea's prison main J meeting in Pyongyang Kim has agreed to dismantle his main nuclear production shock site, if the US takes reciprocal action. Bloomberg's Peter pay has more the two leaders also to work on inter-korean railway and jointly bid to co host the twenty thirty two summer Olympics came after second round of talks between the two leaders in Perignon Wednesday insult Peter pay. Bloomberg daybreak Europe in Germany Chancellor, Angela Merkel's removed her domestic intelligence chief to end around with immigration which threatens to destroy her relation. The government's decision comes amid a row of Hans gold. Mawson's response to far-right unrest in eastern. Germany Martin has been told to quit and move to a senior post at the interior ministry and Russia's Baiming Israel over the shooting down. Of one of its aircraft is Syria which had fifteen servicemen on board officials in Moscow says really jets you say plane as a cover exposing it to fire from Syrian air defenses. President Vladimir Putin insists an investigation will be carried out in the first place condolences to the relatives of the victims. It looks more like a chain of tragic accidental circumstances because the Israeli plane did not take down our plane,.
"premier li" Discussed on Bloomberg Radio New York
"Fundamentally makes it better for them now in other geographies it makes sense like if you're in argentina owning bitcoin might be a very interesting way to keep your life savings in place but here not as much and so i think we tend to be more cautious about it that's not a no it's that's be cautious about it and we always go back to the consumer does it make a difference them doesn't make their life better does it enhance the quality of what they enjoy and by frontier techy you mean dna products drones satellites we haven't done a lot of those are we've done a little bit of a are we we think that airs quite interesting for gaming applications and potentially for other services so i think that there there's some opportunity it's been a little bit out of favor in the last couple of years but i think the technology is just catching up to where it can be really useful all right michael general partner at index thanks so much as well as our own caroline hyde in london thank you pleasure thank you meantime german chancellor angela merkel appraised at china's opening up to foreign investment following her meeting with premier li coscia bloomberg news germany government editor tony chuck has this report from berlin german chancellor angela merkel chinese premier li merrin berlin has trade wars with the us push their countries closer together last year china's president brought panda diplomacy to berlin this time german industry stepped up with chemical maker planning to build a ten billion dollar complex in china and bmw expanding its manufacturing footprint merkel said the two countries our allies on free trade and lee pledged to open up china's banking sector more the two leaders even took part in a self driving car demo berlin while he was in town china's set it released the widow of nobel peace laureate lee bow after persistent diplomatic push by germany to resolve this high profile human rights case turnover took the west germany's biggest trade partner in two thousand sixteen and the two day german chinese summit in berlin makes it clear how important that relationship will be going forward tony bloomberg news berlin coming up president trump supreme court nominee is making the rounds on capitol hill what tech cases might come before him we'll discuss that next this is.
"premier li" Discussed on Bloomberg Radio New York
"The wall street rap what's happening in asia let's get over to bloomberg's bryan curtis sitting next to me here in hong kong all right let's take a look out she's actually preparing oh my meteor of you and there's some stuff that crosses over little bit chinese premier li chung and german chancellor angela merkel agreed to raise the stake that german automakers hold in their china joint ventures now this comes from xinhua but it did not specify which automaker so we'll be looking for further details on that by the way the media review comes up in about fifteen minutes or so around about eleven minutes before the top of the hour let's take a quick look at the markets in asia because we're setting up for a pretty solid day futures suggesting gains of maybe one hundred and seventy five points for the nikkei in tokyo and the other futures are up to like the spy two hundred futures in australia showing gains about four tenths of one percent the china futures are up so are hang seng index futures and that's after really strong rallies yesterday the shanghai composite yesterday up two and a half percent in shenzhen the three hundred there was up two point eight percent and lesser gains in hong kong but also quite strong three seventy two financing index so you get the picture now it's possible that earnings is is firing this also that we haven't seen any really nasty trade tweets coming from from president trump so we'll keep an eye on that for you and europe we had rallies as well even with the brexit resignations from the cabinet of theresa may right now we've got the pound trading let's see it's a dollar thirty to fifty three marks about three tenths of one percent move down for the pound against the dollar in the past twenty four hours and that's kind of look at the markets here other than that we don't have too many cash markets running yet steve but we will see in the next twenty minutes or so okay well we're going to go to world news now the president of the united states in an hour and a half will nominate a justice to the supreme court who will change the makeup of the court ed baxter has global news in our bloomberg nine sixty san francisco newsroom ed yeah stephen and change it presumably for a generation of bloomberg so he'll kapur says immense potential consequences of the things that kennedy sided with the liberal wing of the supreme court on the issue of abortion as recently as the early nineteen nineties he wrote a controlling opinion that upheld the core roe versus wade.
"premier li" Discussed on Bloomberg Radio New York
"Be ruling the roost with european futures for one pointing to a higher open and run about half an hour's time euro stocks fifty futures gaining about half of one percent the same goes for footsie futures is what has docs futures counts you too so as i say sort of positive sentiment heading into the open concerns of a trade seems we easing and that is also boosting asian shares with the embassy asia pacific index gaining about one and a quarter of a percentage point the nikkei two to five index in tokyo higher by one point two percent the shanghai composite in china rallying by as much as two point one percent this morning at the same time as these are bid treasuries are on offer the ten year treasury yield rising by about one and a half basis points trading at two point eight three six percent in european fixed income it's funny quiet so fall the one exception perhaps being italian yields which are declining by three basis points that's the ten year two point six eight percent in fx we all seeing the bloomberg dollar spot index coming under pressure of by a quarter of a percentage point not a lot of movement when it comes to sterling this morning interestingly despite the fact that david davis has stepped out tozzi left the uk government were seen cable at one spot thirty three nineteen which means that cable sterling exactly gaining by runabout two quarter of a percentage point we're seeing similar gains also for the euro so you're a stunning for instance set little changed let's pick up on the top story there uk brexit secretary david davis two of his deputies did quit over theresa may's plant for socalled soft from europe their resignation letter to the prime minister davis said quote the general direction of policy will leave us at best in a week negotiating position speaking to bloomberg earlier former bank of england npc member danny blanchflower waited on what this could need for the prime minister the reality the next week be a big piece of evidence here this is ongoing kind of chaos the party itself is tearing itself up in the reality is the heartbreak of now been mugged by reality replacement for davis is due to be announced this morning now china has said it will stand firm in the face of what it calls trade bullying from washington with business leaders and state media predicting the us will be the biggest victim this as ecb executive board member who are curry has told bloomberg over the weekend that the central bank is alleged to risks from rapidly escalating trade tensions he did however reiterate that the current monetary policy stance is working well staying with trade war america hosts china's premier li chong in berlin today bloomberg's patrick donahue says the german leader will be aiming for a clear line on global trade relations marilyn lee will discuss ways to bring germany in the u closer to china as us trigger trade tensions disrupt the global multilateral order mechlin eu partners are themselves bracing for more turmoil and donald trump's threats to impose tariffs on autos and berlin patrick donahue bloomberg daybreak europe now in corporate news this morning nissan shares have fallen in tokyo trading after announcing it will hold a press conference on six sourced measurements according to our he shimbun the comic has found that emissions data were falsified during internal car inspected this year nissan halted vehicle registrations in japan last year after its inspection process was deemed forty by the japanese government all right let's hit the latest in global news with burks laggards good morning he says british police have launched a murder inquiry after women exposed to the russian nerve agent nova chuck died in hospital doom sturgis passed away last night after falling ill and ain spree partner charlie rally remains in hospital in a critical condition the home secretary savage of it visited the town the pieces still working to work at exactly how these individuals came across the nerve agent and we don't want to jump to any conclusions there have a number working series but we want to make sure the police get the the time the space they need to do that work it's day two of the daring rescue bid in thailand full members over youth soccer team trapped in a flooded cave helping out to safety crease will have to replenish air tanks along with the route before the other eight players answer they coach can be bought out they racing against a weather system that's like to bring in more rain you.
"premier li" Discussed on KQED Radio
"Think twice whether its apron not everyone is thinking twice about more troops on the border texas governor greg abbott a republican praised trump saying in a statement that this quote reinforces texas longstanding commitment to secure our southern border texas or he has some national guard troops performing surveillance elsewhere on the border right now john ferguson is mayor of presidio we've kind of through that before with the national guard national guardsmen have been coming on mission since the reagan administration about six thousand national guard troops were sent to the border under the george w bush administration another twelve hundred were deployed under obama and rick perry sent guard units while he was governor of texas after there to to kind of assist the border patrol the border patrol wants and appreciates then i don't i don't think that's necessarily about thing at all ferguson's lived in priscilla for thirty years when he's not at city hall he's down the street working at the school where he taught snl anandas while mayor fergus than says he wouldn't mind the guards presence he does want accountability from the federal government depending on how long the national guard would be stationed on the border i think you need to be able to say okay what is this presence having on the border for now residents want to find out more about how many troops could be coming and exactly how long they'd stick around the president has directed the pentagon and homeland security to work out a plan with governors of states along the us mexico border in presidio on carlos morales stock markets have been buffeted this week by fears of trade war between the us and china both countries have threatened billions of dollars in tariffs on each other's exports one reason for the us moves is alarmed at the chinese government's ambitious plan to dominate the technologies of the future npr's anthony has this report from beijing about the plan and what it could mean in a speech to china's parliament last month premier li talked about the plan known as made in china twenty twentyfive is designed to put an end to the idea that a made in china label means cheap consumer goods like toys shoes or patio furniture we will promote the development of integrated circuits five g mobile telecommunications aircraft engines new energy vehicles and new materials.
"premier li" Discussed on Bloomberg Radio New York
"From the us supreme court bloomberg's greg store says it bounced people who even have relatives or business connections in the us they are people from six majority muslim countries as well as from government officials from venezuela and people from north korea it country that restrictions are slightly different so in the case of syria it's basically a total ban with some other countries it is a partial ban but it is a lot of people regardless who are kept from entering the country bloomberg's greg store speaking the did the decision from the supreme court comes ahead of several here rings on the bonn later this week plans to launch free trade talks between china and canada have failed with the two sides instead agreeing to keep negotiating prime minister justin trudeau indicated one sticking point is canada's preference for wider progressive pacts china's premier li kaycheung also admitted there were differences we both agree that different national circumstances we may not see eye to eye on some issues and that is normal but as long as we act or mutual respect and mutual benefit and be can seek mutual understanding china's nikkei chung speaking through a translator saudi arabia has stepped up attacks on who theme rebels in yemen bloomberg's emea editor andrew bowden reports saudi arabia warplanes bombed the presidential palace in yemen's capital overnight stepping up attacks on hutu rebels after they killed the country's former president just when he appeared the switch sides it's the first time the building has been targeted in almost three years of war and signals a new and potentially more deadly turn in the conflict that's created what the united nations already calls the world's worst humanitarian catastrophe dubai andrew bardhan bloomberg daybreak europe and germany's social democrats have leaked closer to talks on forming another grand coalition bloomberg's a delves has the story is fifty lead among troops also makes clear that his party would only join such a coalition if micheal is willing to adopt the reform agenda french president emmanuel macron these reforms include among other things a common eurozone budget and an independent euro finance minister in berlin on adults bloomberg daybreak europe global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm alkas carlson this is thing back aci marcus time if it envy liverpool against everton at anfield the standout tie in the.
"premier li" Discussed on KBOI 670AM
"It the drivers are very fundamental and very strong gordon schuessel abu clear uh the japanese prime minister has been trying to develop a better relationship with beijing we saw that at the apec meeting where are they met segeant thing the chinese ruler we saw it on the sidelines of the asean meeting where he met the chinese premier li sean is that going to affect his relationship with the rendra mody um because both mody and japan have been very very close a number of levels will this outreach by tokyo to beijing would affect the relationships with new delhi i don't think in fundamentally we we have a pretty good sense they've had japan feels about china and the way that japan is very quietly engaging with india is much deeper and and much more strategically important so for example it was it was announced about a month ago that japan would be paying for it three hundred thousand young indians to come and trine in japan doing three to five year graduate level degrees in japan and the hope is that about a third of them will stay on and live in japan so you're getting you know within five years they'll be three hundred thousand welltrained young indians who how japan work speak japanese who can then come back to india or stay in japan and create a strong bridge between the two i don't see i be making the same offer for three hundred thousand young chinese what's the profile of trump and melania they they have three hundred million people i believe speak english do they celebrate the celebrity du they read the page of the washington post you know a pounding trump every day how how does need guard him there is a lot of support for trump especially among the same i group set support uh narendra modi um the two main uh concerns in in in those areas apart from jobs obviously an and jobs for the us doesn't necessarily mean no jobs for india unlike china it's they're not competing for manufacturing jobs or anything like that but the two main things that they.