Suggested a merger however yahoo says the terms were not sufficiently compelling. Let us know what you think. Follow me on twitter at rishaadtvand use trendingbusinessas well. A number of markets closed. Singapore and malaysia out of action. Elsewhere pretty negative. We are getting a complete headwind out of new york this morning. Not the best headwind you want. Those losses we saw coming through from wall street on friday. Also, volatility back, the vix back above 15. I won the only market coming online now. Taiwan hi juan the only market coming online now. Seeing anl very much impact, down 1. 4 , the won weaker against the dollar. We will get to samsung in a moment. The nikkei off by over 1 . Strengthen,ting to up. 2 at the moment against the dollar. There were positive signs coming through from the factory floor in terms of machine orders, still very much deflationary pressures. To 2 . 200 off by close friday and base metals, iron or, gold, oil, not helping things there. New zealand extending losses, down by 2. 3 percent, only one stock in the black in new zealand. Samsung, 20 billion wiped from its market cap since the close on thursday. Noteer note from the seven, samsung advising anyone who has won in their possession to be very careful and make sure they turn it off because there is a concern about fires things started by the battery. By 5. 5 , adding to that 5 owned friday, the biggest twoday drop from this company in five years. Quickly looking at the japanese bond markets. There had been a call on the saying you could see yields recover. Them intill seeing negative territory, the 10 year off and the fiveyear in negative territory. Watch this space. There could be a bit of a recovery there. Rishaad leading indicators of Capital Spending both b and both beatthis is and missed estimates. Break down these numbers for us. The boj may be reluctant to surprise markets, but the data today out of japan a bit surprising. Machine orders beating estimates, jumping 4. 9 in july instead of falling 2. 9 as expected. Worth noting that this is a highly volatile set of data. It jumped 15 in january, then plunged 11 in april, so it has been quite erratic. Wholesale prices have been consistently in the red since april of last year. For august, they fell more than expected by 3. 6 . And japan isow that companies are Holding Tight on spending. Ande see a stronger yen sluggish demand, the currency strengthening 14 in the past year. We will see if the central bank can fight this with the new communications strategy. Is saying that the og changing its tactic to one focused on dialogue with the market. Costxample, last week, the policy were of boj highlighted, also providing analysis on the negative rates and cautioned about that danger of low yields on long maturity bonds and damaging confidence. We are now starting to see markets react to those warnings with a steeper yield curve. The white line is the curve where it stands now as opposed to a month ago in red. 20 year Government Bond yields back above 0. 4 , look at that. That after indications that the saying improved rates in that part of the yield curve. Rishaad a health scare surrounding Hillary Clinton. We are having a look at that as well as other stories. Questions about Hillary Clintons health are back in the news after she was forced to leave and 9 11 commemoration ceremony early. A video showed her appearing to stumble as she was helped into a black van. Her doctor later released a statement saying that clinton was recovering nicely after being diagnosed with pneumonia on friday. She had become overheated and dehydrated. Daughterst to her apartment and emerged to say she was feeling great. Greece will continue to unload its cargo after a u. S. Court granted the shipping Company Bankruptcy protection. Payparent company agreed to 54 million for goods to be unloaded. It left 14 billion worth of goods stranded at sea. Ministry iss trade offering 360 million in cheap loans to hanjin shipping vendors and fortis experiencing difficulty. Forwarders expensing difficulty. Tensions rising in korea as the north is ready to test another bomb. It will take place at number three tunnel in the far northeast of the country. Out its fifthied Nuclear Explosion on friday, triggering a 5. 3 earthquake and later claimed it had succeeded in making atomic weapon small enough to fit in a rocket warhead. Thereigence Officials Say is a high chance of a new test taking place. Severalh has testfired Ballistic Missiles in recent days, most traveling 500 kilometers before falling into the sea of japan, putting the whole of south korea within range. Rishaad other big fish caught in chinas anticorruption net, the boss of tianjin is the latest to be snared and the corruption crackdown. This is very significant. Absolutely. He is the highest ranking official to be investigated for corruption in more than a year. Hes not only the mayor of tianjin, but the acting party secretary. He is also the former subordinate of president xi jinping. The Central Commission for discipline in a statement said being investigated for serious disciplinary violations, euphemism for taking bribes or corruption. Has been acting party boss for 20 months in tianjin, and was in charge when a large explosion ripped through the tianjin port. Thevoided punishment at time, but it looks as though what ever of umbrella of protection he may have had is now gone. Anyone who violates Party Discipline will be sternly dealt with no matter who it is, though match of the post. The situation adds intrigue to next months Central Committee meeting, which is expected to lay the groundwork for the reshuffle next year. Contraries across the country are jockeying for promotion. , if named Permanent Party secretary, was likely in line to drive join the 25member politburo. He was known for breakneck investment growth, incurring new debt, building large city centers, including the mostly empty manhattanlike business district. Officials havein been caught and corruption probes, including the vice mayor last month, now the mayor ensnared. , tianjin is the key port for the Capital Beijing and is without a party secretary, a mayor, and without a Public Security chief. Rishaad thanks. Right. Coming up, markets are pricing in an easy victory for Hillary Clinton. Out new questions over her health could affect that. Rishaad right. A look at the business flash headlines. Irans National Oil Company agreeing to a deal with sinopec to develop a refinery. The contract is worth 1. 2 billion. This is after years of sanctions. Boost oiltempting to production to presanction levels before joining a proposed cap on output. Tesla updating its Autopilot Technology, doing so to focus on radar imagery than cameras. It is the third attempt to convince critics that its features are safe. It has designed the auto Steering Software to engage if dissing gage if drivers ignore warnings. Is betting on copiers as it looks for new areas of revenue. It is planning to announce new machines for corporate customers. Dominate thatn market, but hp is hoping the move will help it take more of the 55 billion business by pushing into 3d printing and switching to Digital Mobile devices. Political temperatures are rising ahead of those november elections in the u. S. Our next guest says the market is pricing in an easy victory for Hillary Clinton, which could mean continued gridlock in washington dc. He is with me now. We are pricing in this whole scenario, a senate and the house which could be more evenly divided. This is what is so astonishing. Single mostibly the important election in 30 years as far as Financial Markets are concerned. The markets have been extremely calm about the upcoming election. Do with the fact that markets are confident that not only Hillary Clinton will win, but when with a landslide victory. This is the reason why despite marketevents that the only gives a 30 chance for trumpet to steal this thing. At the same time, the market rishaad look at what happened with brexit and how the market was looking at that, they did not see it coming. The authors for brexit were longer than donald trump winning the presidency. That is what i was saying. Think about this. The june when we had general election in a u. K. , every pollster said david. Ameron was going to lose a year later, the principled, the polls suggested they were going to lose, and they won. The reason people may be embarrassed to admit to pollsters who they are going to vote for, when it comes down to walking in and voting, the results may be different. This is why the embarrassment bias is in trumps favor. Rishaad lets look at the , the hydration, pneumonia that Hillary Clinton has had. Does that change anything . It might change things on the margin. The whole issue of health is going to deal her a small setback, but the bigger issue is whether what happens between now and the first president ial debate. One thing we do know is that the market is pricing in a landslide victory for Hillary Clinton. The one thing we know for sure in the last 20 years is that the race becomes even tighter. Was behindtt romney obama as much is five points before the first president ial debate. Rishaad that was a disaster for him. Is nott now, the market paying enough attention to the fact that trump has been moving up aggressively in the polls, especially battleground states like ohio, pennsylvania, and florida. Rishaad in the absence of volatility, the markets have been very dull. On friday, it was back suddenly. Do we have the unwinding of all those gains we saw when we did not have volatility . It is very possible. Market is mostly complacent about the outcome of elections. In market has been pricing gridlock, which means the fed will bear the burden of the u. S. Economy, therefore the market expected rates to remain low, basic conditions for risk assets to remain supportive, but now it is no accident that the latest. Olls show trump moving up all of a sudden, the risk parity trades are having problems. The last four years, we have had two instances of massive unwinding of the risk parity trades. At this point, i would argue that the risk to the risk parity trade is just as big. Rishaad as we go towards the fomc meeting, historical precedents suggests the fed does not move three months before a general election, is it steady as she goes . To remember as that so far it was notch as nonfarm payroll that was weak, but auto sales, i is him, week it wasthe board ism, week across the board. Had been poor, the stock markets wobbly, if they were to hike now, it might be seen as saying that these guys might be helping trump, which is what they dont want to do. More important is what the boj does or does not do later this month. There, the issue is very different. Years, centrale banks have surprised to the upside. This year, a number have surprise to the downside, not to mention the boj itself tothree times, then later the ecb. Fire is theing strongest indication that central bankers are starting to wonder whether Monetary Policy still has anything left in the tank. The fact that the ecb did not move in my opinion will reinforce the camp within the in september,vity net way be a problem for the Financial Markets. Rishaad will this review bring up anything concrete in your view . Nflation target, get rid of it they will not change at any time soon, are they . Exactly. The market is seeing through the emperors new clothes. Rishaad is there anything new they can do anyway . Time tohey did was by buy some political cover, so they have to go back to the government simply cannot do very much. Yenaad what happens to the and the dollar . This is why i said it has come down to the u. S. Elections. Right now the market is pricing in gridlock. If we end up with gridlock, the fed will be on hold for longer than people expect, and thats an environment in which the dollar struggles and rates go to zero. If we get a republican clean , half a Trump Presidency of the stuff hes talking about on the fiscal side were to come through, one of the biggest fiscal expansions in the postwar. The u. S. Economy would probably take off in a big way. Sweep,et a republican higher dollar and higher u. S. Rates, then probably higher dollaryen, which would take the boj off the hook. That is why the election is so crucial, gridlock versus clean sweep, no fiscal and a lot of fiscal, no growth and a lot of growth. Rishaad thank you very much indeed. Up next, a month after the deal to sell yahoo , new filings show the Company Rejected the opportunity to merge with yahoo japan. Details are on the way. Rishaad you are back with trending business. Yahoo japan made a play for yahoo and rejected. Our tech editor joins us from tokyo. Why make an offer . As we all know, yahoo ultimately went to verizon. It looks like this bid came in second place. There were five bidders ranging from 3 billion to 5 billion. The scenario was probably a situation that if the verizon bid had failed, yahoo japan would have been in position to win have that initial deal fallen through. Rishaad would the deal have brought any benefits . That is hard to say. It would have involved some downside, the way it was structured would have involved a tax hit on the alibaba shares owned by yahoo itself. In terms of strategic or technical benefits, there probably was not a lot. At this point, we are talking about random value more than operational or technological value in regards to some sort of transaction. That is probably why it yahoo make better sense to go with verizon. What does this all mean for yahoo japan and its operations . Will the business to verge even further . In a sense there were to begin businesses with. Yahoo japan is like the ebay of japan, the biggest auction operation, a solid web portal where people go for news, mail. It is also the brand for softbanks mobile and telecommunications businesses, so were talking about two different beasts that happened to share a name back in the early dawn of the internet era, but in terms of whether an opportunity was lost to find or or a global yahoo , i think that ship sailed long time ago. Rishaad thanks a lot for that. Joining us there from tokyo. Premarket, a loss of about 2 . More bad news for samsungs latest smartphone, how the note seven is dialing up the wrong sorts of numbers. Rishaad a look at her top stories, selloff in global stocks resuming. Msci asiapacific heading for the biggest threeday loss since june. Financial markets jolted by concerns that Central Banks are questioning the benefits of lose Monetary Policy. , poised for the biggest twoday drop in five years, 20 billion dollars in market cap gone since thursday. U. S. And south korean users were phones andrn off stop charging them due to risk of battery fire or explosion. Announced a recall of 2. 5 million phones, a cost of 1 billion. Lets have a look at Hillary Clinton to chi is trying to dampen speculation about her health after abruptly leaving a ceremony for the 15th anniversary of 9 11. She stumbled as she was helped into her vehicle, and the photos made the rounds in social media. She says she felt overheated. Her doctors said she has been diagnosed with pneumonia and was dehydrated. Just openingket up, futures down premarket 2 , shanghai also coming on. Malaysia and singapore closed. Its a day when you want the futures to be wrong, but they were hang on, the hang seng off by 2. 4 on the open. Heading higher, so widespread selling. Casinos, also insurance stocks coming under pressure in shanghai, off by 1. 7 to kickstart the trading week. In the selling across the region on the back of what we saw on wall street on friday night. Volatility also back in play. 15 for thevix above first time in 44 training sessions. Korea sold off to the tune of 1. 7 , mixed Economic Data outage japan affecting the nikkei. The yen stronger versus the greenback. Their weakness and commodity players weighing into the weakness and asx 200. A lot of selling and volatility in the new Zealand Market today. Have a look at some stocks we have been watching. A lot of them in the insurance space good japan Life Insurance rising after the boj sent to be looking at the yield curve in terms of the impact of flattening that curve. Also, that last stop there is a korean insurance stock. It has risen to an 11 week i as the bank of korea kept Interest Rates on hold last week. I look at the offshore renminbi, stronger at the moment. We have seen china set the yuan parody on monday. Today, that is significantly weaker. Some upside in the offshore renminbi. Rishaad the uks go to leave the European Union could produce winners in asia. Agent Economics Expert is with us now. China, japan,ke and hong kong have a digital opportunities. Rishaad potential the operative word . Thats right. Very early stages of this brexit process. Delegationssending to asia. We heard theresa may talk about how britain is open for business. For are chasing australia trade deal. When you look at who might gain the most, it is china, japan, and hong kong. What are the direct linkages between britain and this part of the world . , direct trading, sale of goods and services between the two countries, again, china, japan, hong kong do well there. Japan is a big foreign investor into the u. K. , and that is why japan is among those. Rishaad there were strong words from shinzo abe at the g20. Entirely right. The city ofbetween london and tokyo and hong kong, and increasingly shanghai. Tourism of course. When you look at all those the threehose are countries that may benefit from brexit. Rishaad anybody likely to miss out . Malays