We just missed each other. Im so glad to finally meet you in person. I have admired your work for so long. It is so great to welcome you. He has been a senior attorney in the u. S. Department of justice. You know the olc that provides constitutional advice to the president , the most important constitutional body in the Justice Department. He testified before congress on many occasions and he is here , today to discuss his new book untrodden ground. And as our moderator, it is a thrill to welcome my old friend peter spiro. He is the Charles Weiner chair in International Law at temple universitys Beasley School of law. Before joining temple, he was rusk professor at the university of georgia law school. He is a former law clerk to david souter. He specializes in International Immigration and constitutional law and is the author of beyond citizenship, american identity after globalization. Join me in welcoming harold bruff and peter spiro. [applause] peter thanks, jeff, very much for tha
Abe and prudent talk about territory. Putin talk about territory. Rishaad the dollar is surging over levels havent seen in 14 years. We might be even weaker than that. Ophie the dollaryen was high i did look at jgb, 10 year highest since january. Rishaad gold also slumping, so this is what we have. Sophie lets take a look at how markets are doing today. Haidi the big ones are china, when we get the yuan today. Look at the bond market, the 10 year yield in china spiking the most on record. There are pretty significant moves in income, the 10 year yield on the japanese government bonds surging 0. 2 . That was the highest yield we have seen since january when they went into territory negative territory. The 16 is continuing to play out across asian markets. This is what we are seeing. Singapore stocks are coming online, 0. 3 higher. Withd a very strong day nonoil domestic imports. 11. 5 ,exports jumping and we were expecting a decline of 0. 2 electronics, climbing though the highest in ov
This is the second hour of daybreak asia coming to live from bloomberg. Im in hong kong where it is just after 8 00 a. M. We knew the fed may be a factor today, and it was in the markets. Janet yellen surprisingly not surprising the markets with anything different except she did not back away at all from rate rises this year. The markets as we talked earlier more hawkish that the rate rises might come earlier than expected. It was interesting. It was a different story anyway. It was a tell him that she delivered it. Trump or not we are going to raise rates. Much what has gone on here in the markets in asia, lets see how things are kicking off in tokyo and seoul. Know,pondent as you well it is not what you say, it is how you say it. This. Looking at these are the levels where we start off our trading session. 24. 44 you also have inflation coming in slightly below estimates. Dollaryen, 114. 50 was your high. One, a little higher than expectation. Fallingr cured see i am currency i am fo
Financial system. This is the second hour of daybreak asia, coming to you live. It is just after 8 00 a. M. In hong kong. And it is just after 7 00 p. M. In new york. Australia is just tapping up an interview with the qantas ceo alan joyce. We are really focused in the u. S. On the fed and what they indicate for u. S. Rate hikes and how it might impact Central Banks in asia. I am feeling that confusion in the start of asian trade with that failing soon comments. Doesnt mean does it mean a march fed rate hike on minerals . Do we ever think the fed will be clear . It is a balancing act for them, talking about inflation, too, not a whole lot of people in the fed think it is a problem at this point. As mentioned, odd minerals desperate first lets take a look how the market open is shaping up. Were just you discussing, the Central Banks focus is on r. B. I. , and today bank of korea will be in focus. Its forecast to hold its record of 1. 25 as it waits clarity around a domestic political sa
Yousef it is 8 a. M. Across the emirates and 5 00 a. M. In london. Angie it is just past noon in hong kong. Welcome to Bloomberg Markets middle east. We have gotten a lot of news coming out of asia. Really thing that is threatening the markets is oil. Manus it absolutely is. When you look at the oil price, just eeking out a small gain this morning. Have a look at the chart. Combining the relationship, oil and equities. The white line is the world index. Oil is the other one. Dropped over 5. 5 since opec officials got together on friday. Growing quotas discord. A lack of confidence in terms of the oil market. Doing a deal, getting everything together with opec. 40 if the deal does not go through. The bank of japan this morning, i love their opportunism. 60 for the bank of japan. The secretary of general spoke to was yesterday and you are focused on that. Angie calling for unity for the organization as it will have a supply deal next month. Took anptember 20, opec allinclusive decision t