Broadcast images thursday night. It was the militarys first such parade since february. Leader kim jongun attended the event along the Russian Defense minister Sergey Shoigu and pyeongyang also showed off some of its Ballistic Missiles including the solid fueled that flew from a record 17 minutes july 12th. Speaking at the event the defense minister said the United States would not survive a Nuclear Exchange with north korea. Kim himself did not deliver a speech. Observers say the parade also served another purpose. Experts told south koreas news agency pyeongyang wants to show how china and russia tacitly approve of its nuclear and missile programs. Theyre banned under u. N. Security council resolutions. China and russia are both permanent members of the council. North korea has fired more than a dozen Ballistic Missiles in 2023 alone. And for more we earlier spoke with nhk worlds seoul bureau chief. Starting off, whats your analysis of these new north korean drones on display . Well,
Surveillance. What a week we had on the markets last week. This is the tension as we get onto monday. This is what im looking at in terms of stocks. They are gaining some 1. 6 . We are also seeing futures in the u. S. Pointing to a higher open. Things can reverse quite quickly and change quite quickly. Downan see the vix index some 10 and eurodollar, 1. 2276. If there is an infection beyond equities and the vix, it would be in credit markets. Also coming up, we talk markets and last weeks correction with Morgan Stanley. Later on, we talked to eric nielsen, chief economist at unicredit. Plus, we talk ecb and brexit. Lets get straight to the bloomberg first word news. Is readye u. S. Says it to engage in Nuclear Talks with north korea. Vice president mike pence dubbed the new strategy maximum pressure and engagement at the same time. The comments signal a shift in policy after they agreed to pursue a dialogue with pyongyang at the winter olympics. Budget director Mick Mulvaney has warned
Anna good morning, everybody. This is bloomberg daybreak europe. Lets take a look at the asian equity session. It has been in rehab after the stresses of last week. They are up 1. 1 percent on the msci asiapacific, excluding japan. Futures point higher. There is a lighter tone to the geopolitical conversation, based on words from mike pence. That is helping. Riskon in there markets. It takes away from the dollar and boosts some currencies today. Dollars bought index down. 3 . Data onnflation wednesday. In the meantime, look out for budget commentary today from the Trump Administration and anything big report on infrastructure. I mentioned the letter tone to the geopolitical conversation. Are mentioned the lights tone to the geopolitical conversation. Could with the conversations taking place could we see conversations taking place . We see the korean won is on the rise. We have breaking news. Heineken up 3 . That mrs. The estimate. Misses the estimate. The profit margin will expand by
Was a perfect success. It was a very meaningful step in completing the National Nuclear weapons program. Host this headline from the wall street journal and the cheng as of jonathan north korea claims it successfully tested a Hydrogen Bomb suitable for a longrange missile. He joins us on the phone. I notice evening in south korea. Walk us through how the event unfolded and the reaction in south korea. Word thatfirst got visiting a was nuclear facility, and he was inspecting their Hydrogen Bomb. There was a warning that we would hear more from them soon. We did not expect to hear more so soon, there was an earthquake in north korea. They dont usually get earthquakes. There was a manmade one. Host this reportedly took place at a testing site just north of pyongyang. The reaction from china and japan, what has it been like . Guest they have been mostly united. Japan, they are usually targeted by north korea with a lot of rhetoric. South koreans are trying to reach out, but there have been
Korea . Our people concerned, or is it business as usual . Guest it is business as usual. They have lived in the shadow of this threat for 70 years. Most people cannot remember when there wasnt north and south korea. If you allow yourself to get paralyzed every time, you will not have much of a life at all. There is plenty out there to be scared. If you are after that, you could be permanently scared if you like. Host we will be reporting online. Chang is the seoul bureau chief. Thank you. Guest of course. Host how should the u. S. Respond to the latest threat from north korea, the apparent successful test of a Hydrogen Bomb eight times the power of the one we used in hiroshima in 1945 . These are images of the north korean leader. There is this from the Washington Post, the bomb was a twostage weapon with a yield that could make it a city b uster. media,ng to the local south korean authorities said sundays earthquake appeared to be consistent with the successful nuclear test, their si