Have retrieved the black boxes from the downed Malaysian Airliners. They say they will help to establish the truth. Washington claims to have circumstantial evidence that the rebels shot down mh 17 with a russianmade missile. A say their access to the crash site is being restricted by m a, investigators say. Restricted by gunmen. Haslinda amin is kuala lumpur, and she will be telling us what things are like their on the ground in the malaysian capital. In fact, we can go over to Haslinda Amin now. Is like. Hat it it is pretty somber. If you access social media, you see facebook, and an outpouring of grief, sadness, disappointment, shot. You see comments about, why did it happen . How can it happen again . Is. It mh 17. So this is a nation grieving, just one week to the monthations following one of the fasting month. You can hardly feel any form of celebration. No one is in the mood for that. Theround the city, speak to people in kuala lumpur, they are in a state of shock. How it is about Malaysia Airlines. Bey say they do not want to traveling anywhere. The nation is spooked by what as malaysia as far airlines is concerned. It has all happened in a period of a for your months. Of four months. Body in is a malaysian ukraine. They have no access whatsoever. A delegation led by the minister , he made a trip and landed in kiev on sunday. He has met with counterparts in ukraine and has been meeting with counterparts, and that is precisely to gain access to the crash site. Right now, they are being by prorussian rebels, and they have no access whatsoever. Are leading a delegation of more than 130 people, experts in the field of medical forensics, as well as recovery, but to date, nothing has come to fruition. In fact, a minister has president ,russias but there is a lot of frustration as far as malaysia is concerned. They are trying to i sure the evidence is not contaminated. Remember, what happened in thailand, a crash back in 1991, and a key component was never retrieved, and that essentially means that the crash could not be fully resolved, rish. , thank you. Amin you can find more on this story, just download bloomberg plus on your tablet. It is available on android, apple, or windows. Now, to the other days big story, and it is the middle east and the fighting in gaza. The Security Council is having an emergency meeting in the next halfhour after what has been the Bloodiest Day yet. Levelctims above that 400 marked now. That is right. They have a draft resolution. This was called, by the way, by jordan, one of the councilmembers, and von kee moon is calling the situation atrocious, and he expresses a growing concern over the high number of People Killed in gaza, including children. It calls for the lifting of israeli impositions imposed on people and immediate humanitarian assistance to citizens in gaza. It also called for an immediate ceasefire and withdrawal of Israeli Forces. Butan has called it, again, john kerry is flying out monday to egypt. Theyypt and im brokered that deal. Absolutely. There are increasing sentiments about this. They must exercise maximum constraint to combat this incident. I implore all sides that they must respect International Humanitarian law. President obama spoke to benjamin netanyahu, the israeli Prime Minister, and he raised serious concerns with netanyahu, and you mentioned john kerry already. Now about the numbers. The humanitarian aspect, as well, and what is the impact when it comes to civilians. The last 24 hours, we have seen 87 Gaza Civilians killed. Areas, one close to , and alsoi border have beenr 83,000 displaced in gaza, civilians, taking refuge in shelters. 3000 injured. They had a truth that lasted less than one hour. They were trying to protect civilians in gaza, children, women and children, who were there. John, thanks. Lets talk about what really happens on the market side. It seems to be a different kettle of fish. We are seeing stocks rebounding. In fact, it comes from the gains on friday. On wall street, the rebound, the s p 500 coming back from its biggest loss in three months. Now, over the weekend, the benchmark index did see a six percent decline. Also falling as a ground offensive continues in gaza. Lets take a look at what is happening. We see gains for the most part across the region. Japan is closed for a market holiday, so no action there, but early going as malaysia and the poor get going. About one quarter of one percent on the klci and the straits times. We will closely be watching Malaysia Airlines. Lets bring up the intraday chart on Malaysia Airlines. I cannot show it on here because it is not one of the biggest percentage movers. At the moment, you can see it is moving to the downside, i believe, in trade in kuala lumpur, down a few cents, so we will continue to watch Malaysia Airlines. Theyre expecting a press conference on mh 17, and we will bring you those as we get them. This one stock is down about 3 10 of one percent in that session. Checking in on what else is happening, the kospi index, these are the movers, some locallybased movers, and it looks like an Instruments Company is down about 6. 5 in the step textbased in medical devices. We will be closely watching the new zealand dollar. The kiwi on friday adding to tenths of one percent versus the dollar, and we should note that the euro is strengthening, as well. We will continue to follow the ukraine. Limited impact in this monday session across the asiapacific right now. Thanks. Other news, Rupert Murdoch may be looking to boost his bid for time warner, and he is saying he is thinking about getting rid of , and thean tv asset time warner board rejected the by murdochs 21st century and staterun banks, some sales, allowing staterun banks to sell shares, and that would bring more money into the system. Discussions continue on the size of the sales, or the government plans to retain majority approval in india. And an industry controlled by indias richest man. It is higher than what analysts were looking for. Higher profits are crucial as the expanses Petrochemicals Refining and natural gas businesses, along with starting a new Telecom Service next year. The prospects, looking to the future contracts. There we go. They are up about 3 10 of one percent, and the nifty off by one third of one percent. Up by one third of one percent. And seeing what geopolitical risk means for investors, and we will hear from a p capital. This is on the move. You on the move. I am Rishaad Salamat. Allocation, and everything is going to be dominated this week by what is going on over there in ukraine, and, indeed, the tensions between russia and the west. How are you perceiving things . Geopolitics is becoming an unfortunate power in life. The tragic shooting of the plane and the loss of life. I think the broad impact on Economic Activity is likely to be quite minimal, and although we might see shortterm collections, corrections, like we saw in the u. S. On friday, the broader focus in the market is likely to be fundamental in the earnings reporting season in the u. S. , soon to be unfolding in europe, as well, and indications are so far the indexes have been quite strong. Ignoreket starting to what is happening in geopolitics at this stage. Should we see another spike up and a more sustained spike when it comes to the oil price . Even elevated gold price also . Very true. We are going to get a sustained rise in oil prices, at would derail global growth, global recovery. If you look at how the u. S. Intensity, the intensity to crude oil, it is not what it used to be. There is a mass of shale gas going on at the moment. Befored move higher hampering growth. At the same time, you have lots of production in one region. Now you have iraq in turmoil, but on the other side, you see a substantial return of iranian oil to the market, which can provide a great offset, so i am not saying the prices will not go higher from here. In a way thatpike could damage the prospects of global growth. Just stayingl, with the commodity side, because you are in favor of the Agricultural Commodities, what are you looking at in particular . Looking at soybeans, wheat, and corn. Agricultural commodities are down over 20 in just a few months, since may, and if you look at, you know, it china, it is a big story when it comes to these. Selfsufficient when it comes to food and agricultural items. They are a net importer of weeds. I think the market is overoptimistic when it comes to prospects for a great harvest, and weather patterns suggest there is an 80 chance of an el nino by october, which would suggest flooding in south america and dry and routes in asia. This puts Commodity Prices at ask, and the market is taking much, much optimistic view of i amield forecast, so buying soybeans, wheat, and corn. Now, looking at soybeans likely commercial reducers becoming net buyers. That does not happen very often. But that is not necessarily good news, is it . Is. Ell, it for Commodity Prices, when we rice change in Agricultural Commodities, prices moving below cost of production, and those farmers are going to hoard, not send it to the market, so you have that happening. Plus, the potential bad weather impact ahead of the harvest, and i think conditions are set for quite a good upside return on risk potential in Agricultural Commodities over the next few months. Thank you. We will be back with him after this break, so i just want to tell you what we have coming up. Releases official election results, and look at the big stories we are following for you this week. All right, you are back with on the move. You what is on our radar for this week. We are expecting the official indonesianm the elections on tuesday, and according to unofficial websites, tallying those results have one man ahead only by a narrow margin. And expecting to release a new product tomorrow, will it be a success to the smartphone for xiaomi . And china may see it second debt default wednesday. Toy have said they may fail pay 60 million in bills. The roads biggest corporate debt load at about 14 trillion, and on friday, japans minister witho abe has a visit brazil and others. This is on the back of the chinese president xi jinping going to the region. The trip should be making headlines, and lets get back to sydney. Our guest. Jinping, it sort of highlights the importance of also aboutit is confidence also, but it has done something really that has been how commodities go. Would you agree . I agree. The chinese equity market has been disappointing. This is with a relative performance. Markets, the markets will not work very quickly, but as golf improves, as prospects for s improve, and as policymakers become more open to finetuning the policy, the china share markets should benefit, the Profit Margins also being there he low. There is some upside potential there. But it has been that way for a wild, hasnt it is to mark we also believed others would do well. Well, i agree. If you look at european sharemarket, the pessimism around earnings is very high. Different for the u. S. Market, and there is optimism. Obviously, the u. S. Growth has performed, but also in europe, andgs are going less bad, there is a massive gap, and the european earnings are underperforming, which has brought quite a bit of pessimism around european earnings, at the time that loans are picking up, and business and Consumer Confidence is picking up, and the headwinds from a stronger banking. So, again, looking at expectations, there is a lot of upside potential. And this should perform. Does this mean that the u. S. Market is looking for that . I do not think it looks like that. But on some longterm valuation measures, and maybe yes. Annum,year return per in 2000, it was 15 per annum, and this points to a froth. Great talking to you. Now, the imf Global Economic outlook is also what we are watching for, but as we very busyit it is a time on wall street with several Big Companies reporting. By a earnings, netflix helped to kick things off, and investors will be looking for possible changes. And they expect to see higher subscriber numbers help to buy the original subscriber series black, andhe new there is High Expectations that apple will be revenue guidance at 36 billion to 38 dollars billion, and we will also be looking for intel with the of six. Mcdonalds, cocacola, verizon, on wednesday,nd Analysts Expect the Worlds Largest social network to post higher secondquarter earnings revenuebile advertising went there. There is also a new chief operating officer. Other powerhouses reporting, boeing, at t, pepsico, and baidu , and then will be amazon, General Motors, ford motors, caterpillar, visa, and starbucks. Also thursday, the imf will release the World Economic outlook, giving us an idea about that. The growth forecasts may be cut amid risks in the u. S. And we investment. From things coming out, sales, and consumer prices, both likely seeing an increase, but sales of new homes in june probably retreated from the prior month, though the pace for home sales would indicate a recent drop in u. S. Rates. We will have more for you right here on bloomberg television. Back to you. There inang washington, d. C. The latest on the Rupert Murdoch pursuit of time warner, and we will look at the market open in hong kong and shanghai, as well. Alexa Malaysia Airlines disaster, washington said it was hit by a russianmade missile. Gazas Bloodiest Day. The uterine emergency session meeting as the fighting rages on. The you and the United Nations emergency session meeting as the fighting rages on. Ukrainian rebels say they have achieved the black box flight recorders. We have this report is a pressure grows on russia to establish what exactly happened. Thenspectors from organization for security and cooperation in europe but a closer look at the remains of Malaysia Airlines flight and 817. Three days after it was shot down over ukraine. They were not alone. Heavily armed separatist rebels shadowed their every move. Inspectors say bodies have been continuously removed from the site since the day of the crash. They can also inform you that earlier today we were at a by thisstation location. We have seen and witnessed ourselves for wagons, of which three were loaded with what we bodies in were 196 refrigerated conditions. Containingthe train many of the bodies. It provides further graphic evidence of the challenges here. It is also guarded by Armed Russian separatists who have guns but no uniforms. Their intent is clear, even if their chain of command is not. Our obligation is to secure this train, to prevent strangers from getting inside. Just as haphazard as the handling of the bodies is the treatment of the crash site. And of the usual meticulous investigations are happening. Brains have already moved some of the debris from the widespread crash scene. The whereabouts of the black box flight recorders is unknown. The situation is exasperating for the international community, particularly malaysia. Reeling from the loss of a second Malaysia Airlines plane this year. Ukrainian government has informed the International Investigation team that the crash site is under full control of the separatist group. Unable to each day, the crash site has paul allen, bloomberg. Us on the other stories making headlines around the world. The invasion of gaza has seen its Bloodiest Day yet. 13 Israeli Soldiers were killed in the past hours as well as 16 s. Estinian the army said its aim is to destroy the infrastructure of hamas and other groups. Is expected to be completed by the end of the week. Causing about 2 billion to the south of china. 18 people are known to have died after the storm made landfall in. Wisconsin in hainan up to 200 kilometers per hour. Itd expect it is expected to weaken as it heads over land into northern vietnam. We do have a couple of minutes of trading. Hong kong hang seng. Are seeing gains today across the asian pacific. Rebounding in 500 the friday session. Better earnings with google and some of the tech names listing stocks there. Yesterday, 6 drop for the dubai index. We want to watch that impact from the ukraine. Gazaround invasion in still in the minds of investors. We should know to japan is closed for a market holiday. Elsewhere, youre seeing a modest move to the upside. A bit of a downward move for the shanghai composite. Lets check in some of the early movers this monday. The checksum of the resource it looks like some of the resource names. Telecom is moving down. Were are seeing property shares moving. Going. Till early we should note, citigroup out with a new report on the hang seng. Could see about 16 upside in the next year. That is one you want to watch. Elsewhere, klci malaysia continuing to see a decline. We are following Malaysia Airlines. Lets bring up the stock and see how it is moving. Earlier it was unchanged in a declining market. Investors, of course closely watching the news on mh 17. We saw the share reaction there. Malaysia airlines now unchanged. We are expecting a press conference later today. We will get you more details when we have them. The stake a look elsewhere across the region. This is what we have here. A quick snapshot of the currency market. You take a look at the cru