Transcripts For BLOOMBERG Countdown 20151118 : vimarsana.com

BLOOMBERG Countdown November 18, 2015

It is 6 00 here in london. We start in paris. French police have said shots the north ofed in the city in connection with the attacks on friday which left 129 people dead. Youre looking at live actors from where the action is taking place this morning. The french newspaper reporting that two people have been killed in the operation. Us from parisoins with an update. What can you tell us . We have to be very careful, because this Large Police Operation is still taking place as we speak. Le mond, two people have been killed but others are still barricaded inside. This is a very highly populated paris. Rhood, suburb of fareast three people so have been arrested but the operation is still underway. Several french media are reporting it could be a very highlevel operation targeting the mastermind of the attacks. This information is not confirmed at the moment, but if it was the mastermind of the weve been talking about him the last several days. He is 27 and was born in belgium. To be in syria. He left to syria a few years ago. He has been very present on social networks and has a high presence on facebook where he calls himself a terrorist. 2014, seen in march dragging a mutilated body behind a truck. This could be the target of this Large Police Operation taking place in saint denis as we speak. The operation is still taking place at the moment. Guy a manhunt going on as well for those who were directly involved in the attack. We are missing a number of people from the eight that were listed and its possible he is the ninth. What is the sense on whether he will deliver something in the next few days . 26yearold who is under an International Arrest warrant is still at large at the moment. Its believed he was not alone in the car when he left the side of the attacks on friday night. It is believed he was with one of his others who was killed in the attacks. Driver, and this is where the investigation is looking at the moment. Whether there could be a ninth attacker involved in the attacks withay have been involved the cafes in the 11th district. Lets turn back to the markets. ,e have a lot to think about juliet is standing by. Good morning to you. We were seeing a pretty good session in the asian region until those headlines came through from paris about an hour ago. You can see weakness in shanghai on the hang seng index and also taiwan and singapore. The nikkei 225 he flat. It was having an incredibly strong session but began to weaken and certainly pulled back in the last hour, closing lat there. Australias market close before we heard any of the news out of paris this afternoon. Northern star close down by almost 8 . There was a fatality there early this morning. New zealand also closing higher ahead of that news out of paris. There has been a little bit of risk all sentiment coming through in the latter part of trade in asia. Here we are still seeing weakness come through from oil. 6 . As players down around the miners coming under pressure, down. 8 in the region but a good pickup and consumer goods today, moving higher by about. 4 . Casino stocks in hong kong, yesterday in macau the chief that revenue is going to be around 25 billion estimated in 2016. Thats about half of 2014 and estimates. Ll of 2015 as you can expect we are seeing weakness coming through in casino stocks because a lot of analysts had hoped for a turnaround in casino gambling. Japannly that close in showing that we have seen investors pull back a little in that afternoon session here in asia. Thank you for the update, juliet from hong kong. Challenging beijings effort to revive the market and easier mortgage restrictions. More from nick. Get to see this morning. What do todays events tell us about the condition of chinese economy and any need for more stimulus . Shows is ait really split in china. The stimulus measures the government has taken in the last few months are kicking in pretty well in the big cities, beijing, shanghai, places like that, while the smaller cities in the rural areas are really struggling to catch up. When you look at those cities you see a really big supply glut. This is an issue that has faced the government for so long, property has been such a key driver of growth, feeding manufacturing and all sorts of injuries all sorts of industries. We are still wrestling with that supply glut that has yet to work through the system. , do theyion will be step on the gas again for more stimulus, even though thats likely to affect the places that need it least, while they still try to focus on the smaller cities and look at ways to revive growth and clear the glut in those places in the months ahead. President has been speaking and sort of guiding lower. Is that a fair reflection of reality . Nick this is the sort of contradictory message the chinese leaders have been giving for a long time. Do seehand he saying we downward pressure and we will accept lower growth. Change the economy to a system that is not just based on massive expansion but one where we focus on quality of both, which suggest they are willing to see a lower growth number. At the same time they say we will keep growth around the target of about 6. 8 . It makes it clear that while they are willing to tolerate some slower growth, its a question of how low they are willing to let that go before they step on the gas again and do that expansion this type of the sortat is exactly of thing they were saying they would not do. Itwill just have to see how shakes out, especially with that property data, if we see more Interest Rate cuts as economists expect. We will get a reading on he Housing Market in the u. S. Octoberreleases its meeting minutes. Anna we will focus on how high rates will go and how quickly. Up next the aipac meeting in the philippines. Leaders say terror cannot threaten those economies. Back. Welcome you are watching countdown. Fired relatedng to fridays attacks. The french newspaper reporting people have been killed in the operation. There is mixed reporting coming from the operation. Two planes are traveling to washington to paris from washington and were diverted. Russell will use its pressure would use its navy in syria. President will meet in moscow and visit the white house to plan new strategy against the terrorists. Pricechinas home recovery slowed, challenging beijings effort to revise the market and ease mark mortgage restrictions. A retired new Zealand Rugby star has died just we after watching the all blacks retain the world cup. Dr. Say he passed away unexpectedly this morning in auckland at the age of 40. 2002s forced retired in due to a rare kidney disease. I will never forget watching ,hat man run at twickenham spectacular. He was an amazing presence in the game. Lets get back to the business agenda and go to the annual apec summit in manila where terrorism has become a major talking point. President obama said russia has inn a constructive partner talks and he welcomes russia going after islamic state. President obama if we get a better understanding with russia about the process for bringing this syrian civil war, that obviously opens up more opportunities for coordination with respect to isil. So the two things cannot be completely separated. Wait and seeing to whether in fact russia does end up devoting more tension to targets that are also targets and if it does so, that is something we want. Guy this was supposed to be a business summit. It has become something outs. David absolutely, in some sense it still is a business summit, but it has certainly been all about how these Global Leaders which are gathered here in the move forward. What is interesting is those comments we just heard from the u. S. President we also heard from the russian Prime Minister. It certainly confirms that and with the weekend the russian plane have certainly realigned the interests for a lot of these global powers. Prime minister medvedev landed here in manila this morning and shortly after that he spoke with the press. He basically said russia can take care of the terrorists, but a joint effort, in his words, is much better. So they can defeat the wasorists, but he also touting a little bit of assistance when it comes to the likes of the u. S. President , who came in yesterday. One of his first comments that he made was really also all about this. We heard part of what he said they came after this meeting with the philippine president. He said we have always welcomed russia in the fight against isis. He said the goal from the start with the unified effort across the world, across their allies and others against isil. The summit has brought tensions between the u. S. And china to the four over disputed territory in the south china sea. Other conversations taking place there. What is being said . Very that was very, interesting. He went straight from the warship that was decommissioned by the u. S. , transferred to the philippines. It was also the same vessel, two years ago there was a standoff between the philippines and china. It was the very same vessel. He said the defense treaty he offered up to more vessels. China did not want this to come up on the agenda and sour the mood, but essentially what he said was if other countries want to bring this up, theres nothing they can do about it. That being said, its been very eventful. , but theusiness summit comments that have come through have caught the attention of a in light ofe here, what happened in paris over the weekend. Anna thanks for joining us, david, from manila. Heard they are taking center stage at the apec summit. Florence whon joins us now from dubai. Thoughtsrst get your on the response we are seeing thus far. We are seeing a changing geopolitical story as a result of what has happened in paris. Will, theat you french, the russians, the americans all seem to be increasingly on the same page. It . Ncredible, isnt it is a moment of reckoning in international politics. Its a moment where other thing everything could go right or everything could go wrong. I hope that everything starts to and that the best way forward is for russia and the United States to cooperate. We all knew and have been saying that a war like this syrian war can drag everybody into it and the crumbling of a state like syria was a very serious thing. Its very different from yemen and libya just because of the number of parties that are potentially going to be involved in this. So now there are two questions, really. There is the emergence of an International Security threat and there seems to be a confluence of interests that could cause serious cooperation between the russians and the rest of the western powers that are now looking to put an in to this, and theres the question of how you put Humpty Dumpty back together again, and that is syria. There is discord over that and it has become polarized around the issue of whether a side assad leaves or stay. We are starting to see progress and i hope it continues. Anna on the second of those points, it has been a stumbling block between the u. S. And russia for some time. Even they managed to find Common Ground are some tolerance of each others positions on this matter, what does it mean about powers leaving the region . Will they see eye to eye on what should be the future of Bashar Alassad . They would have to with the roadmap that is being considered for election. The diaspora is a bit of a euphemism for refugees. If syrians are allowed to vote for a new president , i think , mr. Through the ballot box s position will be phased out, and that is inevitable, i think. The question is what is the modality . In s seem there is agreement on the very important way of conducting this modality. Guy if we were to see elections taking place, in your words, putting Humpty Dumpty back together again, how would that change the security situation in europe . Waginge are two battles here. Sorts in syria and it is of spewing ballots across the world, iraq obviously. For ther is the battle hearts and minds of the disenfranchised. Can potentially help put a stop to the violence that is raging both within the region and in the west as well. But there is another battle that still needs to be thought and thatis a policy battle takes the terror out of the hearts and minds of young people who are joining isis and our entire inclined to go in that direction, rather than occupy themselves with things in their country. It has to do with economic progress. Anna thank you very much for joining us. We are bringing you live pictures of the saint denis is gonewhere rates have been ongoing overnight. We are getting some conflicting reports of what is going on but there is news coming through. We understand that men are barricaded inside an apartment. This is near the area where we saw the suicide bombers on friday. Shots have been fired, we have a Significant Police presence. Residents are being told to stay indoors and turn their lights off. Whore still unsure exactly is being targeted here. Theres some suspicion that maybe one of the men involved in this is the mastermind behind the attacks that were carried out on friday. He was thought to be in syria but we now understand that he may be in the north of france, and the result of which this action is taking place. Also thatnderstand schools will be closed today. Guy weve also seen to incidents involving air france jets. Lets stay with the airline been. Lol is the bestperforming airline over the past year. Elliott joins us with more from tel aviv. Is it just about the plunging oil prices, or is it about elliott theres something more going on at stake here. If you drill down into some of about 15 s, compared with the year earlier. At the same time that pie has we have seen a stellar set of earnings from israels flagship carrier, up from a year earlier. Quarter wasthird basically a wipeout a washout as a result of the war in gaza. Of tourists come to this country during the jewish holidays. Its also happening at the same time that visitors to israel are even lower this year than they were last year in the wake of that gaza war. Its also reflected in the share price. The bestperforming Airline Stock over the last four months, next up comes a small mexican carrier and then china southern. Thank you very much, Elliott Gotkine in tel aviv. Fromup next, the latest paris where Police Confirmed they had been carrying out ray terrorwake of fridays attacks. We will bring you the latest when we return here on countdown. We have systems in place. ,f there is any kind of concern but i dont think we should eliminate our support for refugees. Its been a noble tradition in our country. This is not to ban people from coming. The answer is to lead to resolve the problem in syria. That is the ultimate answer and that is my focus. Guy that was u. S. Republican hopeful jeb bush giving his take on the refugee crisis. It puts him completely at odds with his rival, donald trump, who said, send them all back. Anna here are the stories you need to know this morning. Guy shots of been fired during a police raid in northern paris. It is related to fridays terror attacks. Reporting newspaper that two people have been killed in the operation thus far. France hashile air confirmed that two flights were diverted due to anonymous threats made by phone. To planes were traveling paris from washington and los angeles. We understand that at least one of those planes has been cleared to restart its journey to paris. Uses russia will use its navy to support a tax in syria. The french president will meet Vladimir Putin in moscow next week and didnt meet at the white house to plan a new strategy against the terrorist. Ona lets get the latest the developing situation in paris. Caroline as you can see on this live picture of the operation is still underway in the north of paris close to the spot where one of the attacks took place on friday night. Some men are still supposed be eric hated inside an apartment and according to a Police Source it could be alleged mastermind of the paris attacks. He is a 27yearold born in belgium and until a few days ago he was believed to be still in syria. He apparently spent some time in the Training Center that was the target of some of the airstrikes over the past few days. He was also seen in this video last year in march of 2014 where he was seen on top of a truck dragging some mutilated bodies of some muslims that he called nonbelievers. Of course the operation is still underway so we have to be very careful with every piece of information that we have. According to various media sources, at least one man has been killed and three have been arrested according to local media sources. The operation is still underway and the area is under lockdown. Locals have been told to stay indoors. Caroline, thank you for that from paris. Out what isind happening in the markets this morning. We are on fed watch this morning. I can tell you that at the moment traders are pricing in a 66 probability of affect rate rise in december, up from 50 at the end of october. What we are seeing in the market is very much a reflection of that. Looking at the dollar first its hit a sevenmonth high against the euro. The bloomberg dollar index which tracks it against a basket of 10 major currencies has hit a record high. We got some data from the u. S. Yesterday, inflation for october 0. 2 but theline Inflation Numbers something investors are certainly focusing on. If you look at gold as well, that is carrying on the same story, trading pretty flat at the moment, edging into positive territory but still trading near its lowest level in more than five years. Losing out his expectations increase for that said rate rise. Moving on to industrial metals, continuing their slide. Copper is down more than 1 , the same for the sink the same. Or zinc the London Metal Exchange has dropped 25 in 2015 and heading for its worst year since the financial crisis. Back to you. We are continuing to monitor events taking place in the north of paris area of saint denis. You are looking at pictures of the army which has been deployed , heavy weapons being now moved into the area as you can see. An escalation in what we are seeing in the area at the moment , being put forward by the french authorities. We will see how the situation develops. Some media reports that a large explosion has been heard over the last few minutes, as yet not confirmed. Been closeds have in saint denis and residents are being told to stay indoors in turn off their lights. We will continue to monitor the situation there. The tragic events in

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