Continue until the lastminute. Fumio kishida says it is not a challenge that can be solved through one meeting, but he says the government will try to make progress step by step. Japan maintains the islands are an inherent part of its territory. It says they were illegally occupied after world war ii. Moscow says the islands became part of russian territory as a result of the war. The dispute is the reason why the two cocountries havent sigd a peace treaty. Prime minister shinzo abe and russian presesident vladimir pun will told talks in western japan and tokyo on thursday and friday. Theyll discuss the territorial issue and an Economic Cooperation plan proposed by japan. On another matter, kishida says japan is postponing a threeway summit with china and south korea until next year. The decision comes after south korea decided to impeach its president over an influencepeddling scandal. Translator we have decided to rescheduled the summit for a more appropriate time next year. Kishida
We had a pretty minor crash near grant line road that cleared, right through that Altamont Pass stretch, we have a couple large potholes in the right lane so trying to get cal trans out to clear those. Also still in the green. Next traffic update coming up. This red tagged Apartment Building in pacifica just teetering on a crumbling cliff above the ocean is finally coming down. The city council decided to demolish it last night. Amy hollyfield live with what happens next. Good morning, amy. Reporter good morning, reggie. Some people who live next to this building or nearby say they are ready for the wrecking ball to show up. Look at how its fenced off. Its abandoned. And the concern is that its going to fall into the ocean. This city now agrees and says its time for it to go. The city Council Voted unanimously last night to pay for the demolition. It will cost about 200,000. The owner of the building is not taking responsibility for this situation. Officials say, because he has declare
Home builders have been surging, and theres one stock in particular that could be on verge of new highs. The action begins now. All right. Thats out of the way. Lets get to it. Because as interesting as the stock market has been the last few days, the real action has been in the greenback. The u. S. Dollar index just hit its highest level since april 2003, a big run in just a few days. Lets get in on the money on that. Dan . Like you said, the stock market for all intents and purposes has been rotating. The s p 500 up 2 since last tuesday with that election result, and, you know, one of the most volatile things overnight on noeb november 8th really was the dollar. Obviously the stock market was down and the future market was down 5 and the dollar was all over the place and its up in eight trading days, up 5 or Something Like that from those lows. Thats a massive move when it comes to currency, and obviously Market Participants were caught offside when you think about the notion of loos
To visit trump tower. The company will invest billions in the United States. Haidi and diamonds are one of rios best friends. Rishaad the dow headed to a fresh record high, s p within a whisker of a record as well. Haidi this is a reaction to the italian referendum, a very distant memory right now. Things seem to be getting shorter and shorter, these major selloffs after socalled black swan offense, but we do have his optimism, but obviously a big day in asia. A bit of a disappointing read on gdp on the Third Quarter in australia. Rishaad straight to the markets, heres david. David right. Quiet start of the day, but obviously we have the aussie gdp print. You have these lines out of the Financial Services commission starting to kick things off on whats likely to be a very busy some ofe of the go for these lines here, coming out of the south korean policymakers that have discussed ways in which they can alleviate the effect of rising yields. The dollar to debts of a lot of the south Kor
Tower. Bright and early here in abu dhabi. Welcome to Bloomberg Markets middle east. Usef a very big day. This is the first time that the Bloomberg Markets most Influential Brands summit conference comes here to the region. You are looking at the event being hosted in europe and hong kong and london. But the first time in this part of the world underscores that this part of the world has come to the forefront of a lot of Investment Decisions that are being made. Where aa oneday event lot of the movers and shakers in Global Finance will talk about the potential of this part of the world, the ongoing challenges. Its been an incredible journey. If you think i could january, oil was at 35 a barrel. That has a huge impact on sentiment. People had written off almost the potential of the saudi saudi Asset Classes. Look at that rebound. 26 so far this quarter in gains. Then you look across to other of markets like egypt, where they finally made the move in terms of fleet freefloating the pound