text:
tv Bloomberg Daybreak Asia Bloomberg September 28, 2017 7:00pm-9:00pm EDT
♪ yvyvonne: summon :00 a.m. here n hong kong. we are live from bloomberg's asian headquarters. i am yvonne man. welcome to "daybreak asia." stocks are an excerpt on the final day of a strong quarter. the msci asian-pacific index down for the six day in a row. oil also on the retreat, after bouncing into bull market territory earlier. betty: from bloomberg's global headquarters i am betty liu in new york, where it is just after 7:00 p.m. thursday. governorof england hits back at brexit critics. mark carney says he will continue to highlight the risks.
postdivorceier says trade talks are underway, and the u.k. much -- must offer more. we have breaking news in south korea. it was a data dump morning. the surplus widening. year on year, $6 billion. industrial output rising 2.7%. this is also for the month of august. that is well above what economists had estimated at a gain of 1.3%. the number to really watch is the factory output, the industrial output, 2.7%. we did see a revision and --inkage or decline, 0.2%
down 0.2% in prior months. a lot of the focus is on how these numbers have been changing with the geopolitical tensions in north korea. is that going to dampen consumer demands and outlook for south korea? yvonne: mark: -- yvonne: it is interesting, month on month numbers in industrial production, i saw weakness in the month of august, less than expected at 0.4%. we saw that survey this morning, looking less positive when it comes to manufacturing, as well as the export growth -- manufacturing. export growth, we saw 31% jump from a year ago. a mixed picture. geopolitical tensions are definitely one to watch. betty: we are watching domestic demand in south korea. in the u.s., a different picture. continued
bullishness, particularly for small caps as the trump trade seems to be coming back. the s&p hitting a record. the dow adding 40 points. small-cap stocks hit a record today. far looks at least so investors continue to cheer what they saw yesterday with the tax package. the big question, can it get done in the next three months? yvonne: and in a year, that will be the key deadline. as you mentioned, we are seeing records. it was more of a melt up in terms of what we saw on wall street and major indices. the dollar rally not able to hold on to the six-week high. taking a pause as we enter the quarter. up 0.3%,nd favorably continuing gains we see on wall street. .7232 for the kiwi.
iron ore had a down day. still an upside for futures, that 0.1% gain on the index yesterday. 50, pretty much flat on the aussie dollar. 53, down on the wti crude. a big day for japan. this hour. on cue 112.39 for dollar-yen. we are seeing a little downside for stocks, 25 points of the open. that is nikkei futures out of chicago. betty: we will see more economic numbers come out from japan. let's get to first word news. >> north korean companies that work in china have been ordered to shut down as they implement the latest yuan sanctions. of commerce and
joint ventures will also have to close by the new year, but nonprofit operations will be unaffected. tillersonomes as rex flies to beijing for talks ahead of president trump's visit in november. japan's main opposition party has agreed to merge with a new group created by the tokyo governor. there is a challenger additions abe. the democratic party was one of japan's top political forces. but thursday decided to run its party,te under koike's which was only launched monday. selling to bain capital for $8 billion, the consortium includes apple, dell, and another. taking thed to be unit public within two or three years. they opposed to the business
itself. twitter has been chastised by a leading senate democrat for what is described as a deeply disappointing presentation into suspicious russian activity on its platform in last year's election. twitter met both house and senate intelligence panels thursday. at 22 accountsng after reviewing information from facebook. for junior's mark warner said twitter's response was inadequate on almost every level. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. ♪ betty: thank you so much. stocks pushing higher, headed for the eighth straight quarterly gains. investors assess president trump's tax proposals. for a look at the market action, remy inocencio is standing by at the wall. >> looking at today's movements,
i am thinking the numbers here are the final twitches of the rally we saw from yesterday from plan.s tax proposal let's look at the numbers on the thursday the s&p 500 up 0.10%. a record high, but not a big one. the dow was up 0.2%. 0.2 points.p in the terminal i want to show you the movement that happened underneath the movement of the s&p 500. this is the imf function of the s&p 500. you can see materials are up the most, up 0.7%. utilities up about 0.3%. includes the newmont mining. they got a bump because of something linked to the trump tax proposal plan in that companies that make big purchases under this plan would be able to take deductions immediately, versus over the course of the several years,
which is as it stands right now. we saw a bump and materials, that is the imf function. let's flip the terminal and take a look at what has been happening in terms of major movers. we're looking at retail, also tech stocks. roku, look at this number, 68% up. this is the ipo trading debut for the digital streaming company. blackberry, do not talk about that a lot in terms of hardware, but in software, up 13.4%. their numbers for revenues for software came in better than expected. mcdonald's up 2%, its highest in a week or so. that is because they said they were upgrading and putting a price target $30 higher for the 12 month. they are looking at $183. positivity in terms of these stocks, even the we got a mixed or lackluster picture in terms of positivity on u.s. stocks.
flip up the board and i will head into the bloomberg terminal. in termshe positivity of the gdp growth for the united states. follow the up-and-down blue line first. the good number we are seeing is 3.1%, this is for the second quarter gdp growth for the united states. last time that happened was back in early 2015. there is a lot that could be happening for the third quarter. tobtv 1089, this could fall -- a full 1% fall if the atlanta fed is correct. buying interest in home and all those hurricanes that have been hitting the u.s.. yvonne: that is right. taking a look at the substantial moves we have seen in terms of the dollar and bond yields, at least -- we are seeing pullback. what happened? ramy: yes, first off, wti crude.
this is unrelated to trump trade and what is happening with tax reform. but it is related to what is happening with u.s. shale. over the past day and change we are down by 1.1%. the reason for this is over the past three weeks, u.s. shale production has increased by 9%. this is offsetting all the production cuts that opec has been doing ever since december of last year, january of this year. this is not doing much for the price of oil. the singapore conference, the asian pacific petroleum conferences expect $50 to $60 oil for the for seeable future as u.s. shale picks up the space of opec production. also, let's take a look at commodities and currencies. weterms of the bond yield, saw the bond yield rose in a bit of a rout, rising five or six basis points. it did give that up well
investors were digesting what happened from the trump tax proposal. here we are at .3% for the 10 year. we saw a similar curve over the day, rising and falling, giving up 0.2% of what again over the course of the day, as investors also figure out what is happening in terms of a win or loss from trump's tax proposal. yvonne: thank you. inflation was in focus around the world. those numbers were released and central bankers are getting ready to respond. let's bring in kathleen hays for more. we have more fed speak, including another hawk adding to this battle between the hawks and doves in the fed. kathleen: i think the hawks have the upper hand. we will look at a bloomberg function to illustrate that in a minute. there is no doubt fed speak continues. the new head of the atlanta fed spoke to did not talk about policy.
fed says she has been a hawk for some time. several important decisions were made last week. one was a stay on a gradual path for the rate hike, the other was to start the balance sheet process. here is what she said about why. >> it will be important if we want to continue this long expansion that we begin to adjust interest rates accordingly. that will benefit in the long run sustainable growth and financial stability in the united states. i want tothe dots look at. ifre is some question about esther george -- i will show you. for 2017, here is a line of said numbers that see three rate hikes. some are holding out for four. the fed president of boston was hawkish yesterday. thewhat does it mean for
chances of a rate hike in the markets? wirp on your bloomberg. just about 67%. 2/3 seeing that. this might make people move the dial a little more one way or the another -- the other. betty: is the rest of the world following along? kathleen: depends on which part of the world we look at. germanook at germany, inflation did not accelerate. we got that number earlier. people are saying, what happens to france? it needs to go up for etb to taper their bond purchases. that is part of the equation. in about 15 minutes we look at the latest on the japan august cpi, actually seen moving up a bit.
they'll be comforting to governor kuroda. the prices -- household spending is supposed to be better. --is a big day-to-day louche it is a big data deluge. no sign of an exit, they are way off from their target. friday morning in the u.s., we look at the pce. unchanged at 1.4%. let's take a quick look at the chart, g #btv 7829. it shows you what this looks like. the core, the main measure, expected to stay at 1.4%. supposed to move up 0.1%. we heard from janet yellen, does not matter, would be imprudent to wait. ater france, chief economist a conference in frank for it said the ecb's inflation commission has not yet accomplished.
he does not some of the man ready to make that step through the exit door just yet. we will see. betty: thank you. isnival cruisers said it smooth sailing through the aftermath of the hurricane. the company's ceo joins us to discuss their latest earnings and expansion into asia. us remains chain concerned about china's growing mountain of debt. this is bloomberg. ♪
yvonne: we are counting you down to asia's first major market open. we are expecting a lot of japan data, including the jobless rate, cpi, industrial production. futures heading lower by 70 this morning. this is "daybreak asia."
i am yvonne man in hong kong. betty: i am betty liu in new york. jim chanos was on earlier with us at bloomberg television, talked about many things, including his bearish views on china, which he has had for many years. let's listen in. >> people have taken china off their front -- watchlist. they are thinking all is calm and have postponed the problems a lot of people now see. we are not the only ones anymore. i will say, there are a couple warning signs. industrial metals prices the world over, the peaked this summer. iron ore in steel are down substantially. the country has yet again hit the brakes in residential real estate. they put in home purchase restrictions and a number of cities. he keeps rolling and expanding that, trying to cool off the real estate market.
again, to refresh your memory, this is a government the keeps hitting the brakes and then the accelerator alternately on the credit expansion and real estate markets. it looks like they are starting to tap the brakes again. >> the rollover in industrial metals prices, does that tell you the economy is slowing, or to you something about the financial conditions in the country? we know there are all sorts of schemes. availability to not only build apartment buildings, but also speculate on copper prices and iron ore prices in anticipation of more buildings. the commodity markets is the leverage tell because it is the tip of the with -- whip. it will move more than the policy does. still have that, you an economy where debts are growing in double digits, relative, faster than anybody else, twice gdp.
and where the banking system is just getting bigger and bigger. they can is being kicked down the road, but it keeps getting larger and larger. >> people come on the show and say we are not worried about china say they have trillions of dollars of reserves, they actually have control of whether it is a fiscal policy. they have the ability to calibrate this, get it wrong, and chuck money added to fix it. zimbabwe is a closed economy, too. it is a matter of degrees. caution that the net reserve number is quite a bit lower because they have been borrowing in dollars over the last five years, pretty aggressively. dollar relative to their money supply is quite small. they have gotten into a lot more stretched financial position more recently than 5, 6, 7 years ago. but it is a closed system.
japanels are very akin to in the 1980's. although the yen was freely traded, you had a government controlled and directed economy in the late 1980's that was a miracle economy. it was based on exports, real estate. aggressived on increase of debt. you have the same things in china. can keeps they borrowing money, internally and externally, to increase the infrastructure buildout and real estate, and they are still building 20 million apartments a year, the game will go on until it does not. betty: that was jim chanos. as we were talking does -- to bowl, our guests, a china they have been talking about the risks in china for quite some time. they have been wrong so far.
but if you look at this chart, g #btv 624, you can see exactly what he is talking about with in rise, particularly here the corporate debt, 159 percent of gdp, according to this chart. seen thehy you have chinese government come out and rein in some of these companies and their outbound purchases. it is also the reason why you downgrade itsly sovereign rating risk of china to a+. he is right, but it is hard for them to bet against the government. a coming crash is nowhere near in the future for china. yvonne: i think all the china bulls would be like, what is new here? chanos saying we do not know. i have a chart that shows that, too, g #btv 762.
you can see that even after this downgrade some the yield premium on dollar notes from chinese we saw sliding the most in some time, even after that downgrade. it is not just robust, it is thriving when it comes to be dollar-denominated bond sales. bank of china was one last week that had the largest when it comes to issuance after alibaba. it really goes to show her this global yield is going. betty: it absolutely is. company jim chanos is quite bearish on is tesla. elon musk heading to australia in his to build the world's biggest battery. we are from sydney for the latest. this is bloomberg. ♪
yvonne: tesla boss elon musk will be in australia friday checking the progress that he made to install the world's largest battery in 100 days. paul allen joins us from sydney with more. we have heard a lot this week and throughout the year about the energy shortages in australia. does elon musk really have the answer? >> he might have part of the answer. this dates back to a year ago southhe entire state of australia had blackouts. in order to avoid this, they need them all operation and diesel back up. this goes back to a bed at the and eloneen the ceo musk, where musk said he would get the world's biggest battery, three times bigger than anything existing at the moment, installed in south australia in 100 days, or it is free. the deadline to get this done is
december 1. they estimate the cost to be 94 million u.s. dollars. musk does not make the deadline, that would be another hit to the balance sheet of a company that is burning a lot of money. paul: a lot of money. we can illustrate that in this chart, g #btv 6411. if you take a look at those ever-growing red bars, they estimate the cash burn to swell to $10.6 billion by the end of the year. walmart, netflix, in the early years. they say tesla is an extreme example, even within this group, burning through cash at an unprecedented rate. is no fan, either. here is what he had to say. >> this company was supposed to be making money now. supposed to be making money by 2020. i am guessing by 2019 will hear about 2025.
this could be structurally unprofitable. his capital structure is way too leveraged. paul: tesla has a lot of true believers, as well. if elon musk gets this done, it will be great. this is bloomberg. ♪
yvonne: it is; 30 a.m. here in friday in hong kong. beautiful out there. we are not 30 minutes away from a just first major market open. clouds, it isfew 7:30 p.m. thursday in new york. that trump trade back on track. the dollar did fall a little bit. i am betty lou in new york. yvonne: i am yvonne man in hong kong. you're watching "daybreak asia." breaking news, we see the jobless rate coming in at 2.8%. pretty much in line and the same rate we saw in the month of july.
this is the month of august, these numbers. jobs to applicant ratio the same 1.52, a slightly tighter labor market. but pretty much flat. overall household spending was interesting. we're swinging back to positive territory after that fall in july. 0.6%, althoughg still missing estimates of 0.9%. inflation seeing uptick when it comes to the national cpi. but we are seeing upside, 0.7%. betty: fresh food prices have pushed up inflation numbers. that might cramp some household spending. the hope really is that that tight labor market will turn into wage growth. we have not quite seen i get in japan. but that certainly is the hope as those numbers continue to
tighten. in the meantime, let's get to first word news with courtney collins. trump's tax plan has seen it increasing to the federal debt -- deficit. they predict it will widen the budget gap over the next decade. that contradicts stephen mnuchin's assertion that it deficits by spurring growth and therefore federal revenue. they are forecasting a $10 trillion rise in federal debt. u.s. health secretary tom price has held back pay back expenses referring to his private jets and will no longer use charter flights. he will reimburse almost $52,000. but that would be almost a of $400,000. cost wednesday, president trump refused to rule out firing mr. price.
after less than two years in office, they say argentina's economy has turned a corner with single-digit inflation now with insight for the first time in more than a decade. he exclusively told bloomberg ashingsion that sl subsidies and tariffs has created a cultural change. inflation fell to less than the peak of 47%. >> we are moving as fast as possible. in terms of history, we are going really fast. >> the wall street journal is ending print editions in asia and europe, blaming a slowdown in advertising. ,hey will roll out in europe with asia closing down a week later. the journal has been implementing wall street journal 2020, a three-year plan to adapt to consumer use increasingly on mobile.
global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins, this is bloomberg. yvonne: we are counting down to some of the major market opens in the asian pacific. let's get the sophie kamaruddin. looking at the japan data we just got, inflation seems to be the biggest news. we are seeing things moving in the right direction. but still far away from that 2% target. should be a goldilocks situation in japan can -- continuing this morning. sophie: markets may move, irrespective of the fundamentals. we are moving toward the end of the month, that is seeing caution in the yen. when it comes to what is happening with japanese stocks we are seeing futures edge lower, given the end of the quarter. we might be seeing fundamentals set aside, given what markets
are anticipating for the end of this period. yvonne: you are watching toshiba headlines coming through, about apple. i thought this was over, and yet we were talking about it. what more do we know? sophie: toshiba is looking to finalize this deal by march 31. that litigation with western digital has not completed. there might be more hiccups ahead. i want to talk about fundamentals. you have apple helping to salvage the consortium bid because they want to have a foothold in the flash memory chip -- chip market. bain has a foot in the game. bain reportedly planning to take the chip unit public as soon as 2020. only a handful of companies have hhe capacity for this flas memory chip market. samsung dominates with 40%.
great mall -- great wall motors has halted trading. what is going on with that company? carmaker ischinese set to disclose more information about its plan to buy a stake in minerals, according to a statement earlier today. filing,ent exchange they said they seemed to buy up to a 3.5% stake in the aussie minor -- miner. this move would give the great wall a greater exposure to the lithium project in western australia, which is due to start production in the first half of next year. electricping up vehicles and wanting to secure a stake in the lithium base there. thank you, we will be watching great wall. china has given automakers more time to make the switch away from fossil fuels, unveiling a
new set of a mission roles -- and delayinges production of electric vehicles. what does the delay timetable signal to you? >> good morning. that is a good question. basically it is to give foreign auto manufacturers more time. with thead gone ahead 2018 timeline, this would have benefited mostly the domestic manufacturers, but put the current manufacturers like vw and gm at disadvantage. of vw are end planning to launch more models. the most of their plans are for later on. volkswagen is planning to launch new models in 2020. with the 2018 deadline they would have been in trouble. the best thing they have done is allowed the option of carrying backward and forward bank
credit, which will be quite beneficial. i think it was a message of, you are taking too much time in the transition. pick up the pace. consumeromes to the side of things, how ready are chinese consumers for new energy vehicles? the market in china has doubled rapidly. back in 2013 when the government started writing substantial subsidies, sales only accounted to 0.2%. last year they reached the 1% point. this year, they expect sales will reach under 2%. this year, we expect half a million to be sold in china. one thing to know, the chinese government has been careful to try to entice consumers by providing additional perks e for purchase of if you leavev's. additional perks
for purchasing of ev's. you can get a license plate if you are buying an ev, do not have to participate in the lottery. we expect chinese consumers will be fine. the targets they have come up aboutoughly translate to 4% to 5% of annual total sales in 2020. we expect that will be reasonable. we do not think the consumer uptake will be challenged. they wanted to be fair for auto manufacturers. they will have to pick up their game, as we pointed out. yvonne: especially if government subsidies will be phased out. ali, thank you, joining us from tokyo. the hurricanes could have caused ,ough seas for carnival cruises
but they say operations are back to normal. this is bloomberg. ♪
betty: this is "daybreak asia." i am betty liu in new york. yvonne: i am yvonne man in hong kong. they want to rewrite but contract for diesel locomotives. this was for ge to build 1000 diesel trains for indian railways. but the government wants to shift to electric power to reduce pollution. ge does not make electric locomotives. india could face financial fees if it walks away from the deal.
jaguar, land rover, pulled a plug on an agreement to supply gasoline engines and wales. roughly 750,000 people affected by the deal. deliveries will end in late 2020. jaguar will replace them with engines from their own plant in england. petrochina selling a majority state in its -- stake in its terminal. they continue to refine it their focus on upstream exploration. the company agreed to pay its parent $232 million for the acquisition. they say it fits in with beijing's push to streamline energy players. betty: you may think this year's heavy hurricane season would be industry.o the cruise but carnival says their numbers
were strong enough to survive the impact of hurricanes harvey and irma. the ceo arnold donald is joining us. good to see you. i know you have good news. you took over times square here in new york. before we get to that, i know you had to close down destinations during hurricane, reroute ships. did you get a lot of cancellations during this time? arnold: of course, during the hurricane itself, we had to cancel some cruisers --cruises. but most areas are unaffected. for those that are affected, we have our condolences. there are over 40 islands in the caribbean's unaffected. the southern caribbean, many places in the eastern caribbean are still unaffected. 20 ships filled with guests, having fun. beautiful beaches, lots of sun.
betty: are you back on your original route? arnold: many are the same routes. we had to change a few, because there were places impacted. i was on say martin -- i was on artensmartin's -- st. ma myself. took three months for the power to get back up on another island. the ability to recover as much stronger. i think those places will be back up before christmas, if not before that. there are so many places to go. people are having fun. betty: we are just about coming up to the wave season, when everybody books there cruises. we're going to book hours, as well. arnold: good job. betty: you and i have talked
about challenges of the cruise industry. particularly here in the u.s. we will talk about asia and a moment. in the u.s. there are issues in the cruise industry. i think technology is a big part of that. today you talked about the big activation in new york bringing stronger wi-fi on your cruise ships. how will this make a difference? arnold: today we launched oceanview, a digital streaming platform. we have shows on major networks from the u.s. and u.k. and other places. those shows now you can binge watch on a digital streaming channel, available on apple and roku and amazon fire. we also have digital shows specifically produced. boat?"the next "love guest experience,
human spirit and human adventure. we have lots of content from all of our brand. ship naming, ship construction. mobile launched our gaming platform. we say, play ocean everywhere. it is on ship and on land. betty: is this the new wafer cruise companies to connect to millennial's -- millennials? areld: i think millennials consuming digital. but frankly, everyone is consuming digital content. similarly, for mobile gaming. the games on our ocean platform are also available on our ships.
when you get on the ships, it is for real dollars and cents. .ou asked about medallion net we will have the best wi-fi at sea, no question about it. betty: that is your market here in the u.s. i want to talk about china. you talked about how big the chinese market is for cruise operators. you just launched the majestic majestic in march -- princess in march. that was tailor-made for the chinese consumer. 2015 thathart from shows you the incredible number of chinese citizens who travel abroad. but the incredibly small number who go on board and take cruises . how much of your business will head to china, given these numbers?
arnold: it is, how many chinese will head out to sail on cruise ships? we only have so many ships. while we have six ships home ported in china -- the number will stay small. we are similar to other people in the industry. they together represent less than 2%. we do not have a lot of ships. which is why we have a shipership with the big -building entity in china. the first ship to be built in china, which will hopefully be available in 2023. betty: are you worried about tensions in asia and travel restrictions you are seeing? arnold: anything that restricts travel for us is obviously not good for business. it can impact us, absolutely. but the reality is, in a global world, we face these things
every year. typhoons, hurricanes, cyclones, geopolitical tensions. to recommend to their citizenry not to go to certain places. but in the scheme of our overall business, despite hurricanes, we were able to raise our guidance for the full year. we have a global portfolio. obviously, it will be much better if everybody was open. we think it is a better world when people traveling get to know each other. betty: great to see you, as always, carnival president and ceo. you can get a roundup of that story and more in today's edition of daybreak. subscribers go to dayb on their terminals. you can also customize your settings to get the news on the industries and assets you care about. this is bloomberg. ♪
yvonne: we just got breaking news from japan. retail sales in industrial production. industrial production bouncing back favorably, up 2.1%. these are preliminary numbers for the month of august. that is beating numbers, 1.8% expected. swinging into positive territory. we were concerned about how we were losing growth momentum, given these weaker productions. numbers,year on year which is also a beat from what the economists were expecting. retail sales month on month are falling. down 1.7% for august. they were expecting just 0.5% down. the year on year figures looking quite positive, up 1.7%. but still off estimates of what people were expecting.
i wonder of golf clubs were part of that? betty: you wonder, right? certainly a pastime in asia, as well. you mentioned the mixed picture in japan. .et's talk golf golf, arguably the most traditional and conservative game in the world. one company is trying to introduce a startup mentality. players can connect with friends, track player statistics . it also has a gpa's -- gps rangefinder. the founder is here with us. i know you are in the middle of the capital raise. but you have been able to bring .ring on -- bring on big titans some pretty big golfing legends. how was capital raising going? >> it is going great, we have a lot of interest from silicon valley technology and the gulf industry.-- golf
we feel a lot of momentum. betty: what you doing that is different? eddie: we are treating gulf -- golf as a lifestyle, rather than a piecemeal solution. to embrace and adopt modern lifestyles. especially for millennial generation. betty: i know you worked much of your career in china, you built part of the company in shanghai and moved it to the u.s.? eddie: yes, we are a global team. our engineering team is all in shanghai. the best and brightest out of china. our marketing team, ourselves, we are in the u.s. yvonne: thank you for joining us.
you mentioned targeting millennials, because everyone associates golf as an old man's sport. what is the breakdown of your user growth and user segments? is that by age or gender regions? what does it tell you about the future of the sport? eddie: golf is perceived as something old and traditional. but there are a lot of younger people, women in particular are interested in trying out golf. base is up 60% under the age of 45, which is very young for the golfing population. we are seeing young girls as the fastest-growing demographic golf in golf. fastest-growing demographic in golf. regions, werms of know golf has a controversial
history right now in china. do you see potential for golf in asia? eddie: i think asia is the fastest-growing market for golf right now in terms of global base. but the growth should come in how it is played. we are helping bridge the gap where it is lot -- where it is a lifestyle choice. a lot of people are doing that in the industry and we are leading it. betty: they do so much for joining us, 18birdies founder and ceo. coming up in the next hour, we will unpack all that japan data we heard with credit suisse economist. that is in about 15 minutes time. ♪
yvonne: 8:00 in hong kong. i am yvonne man. welcome to "daybreak asia." the asia-pacific leads the way in the final day of a strong order. the regional benchmark is down for the days in a row, going into friday. treading water. inflation remains far from a 2% target. sales are on the slide. factory output improves. betty: from bloomberg global liu inrters, i am betty new york. it is after 8:00 p.m. on thursday. business deals with china can threaten national security. he says the threat is often ignored. a rocky road to profit. jim chanos does not expect tesla
to make money anytime soon. betty: -- yvonne: we have a slew of data that came out from japan in the last hour. a pretty mixed signal. you are seeing inflation go in the right direction finally at 0.7% for the month of august. alsoave household spending slightly off, but swinging back to positive territory. it is the retail sales figure that plunged. month on month. i do not know how the boj will read and to all of this. betty: boil all back down to wage growth inflation numbers. that is what we need to focus on. at least, if it is mixed, it sounds as if things will likely stay the same. we will keep seeing stimulus
from the boj. we will analyze all of this with our guest in a few moments. paul allen in sydney. paul: thanks, buddy. toshiba has signed a final agreement to sell its memory group led by bain capital. toshiba will maintain a state. bain is said to be taking the unit public within two or three years. western digital opposed the deal and tried to buy the business itself. north korean companies have been ordered to shut down as aging latest yuanhe sanctions. they will have to close by the new year, but nonprofit operations will be unaffected. the move comes as rex tillerson flies to beijing for talks ahead of president trump's visit in november. the chief e.u. brexit negotiator says it could be months before the two sides launched straight talks.
the fourth round of meetings in brussels failed to deliver the bush needed to start discussion on the trade deal the u.k. desperately wants. there is no agreement on the role of the european court of justice. from being at a stage. it will take weeks or maybe months where we will be able to , there has been sufficient progress on the principles of this withdrawal." paul: the man in charge of financial conduct in the u.k. says regulators are working on solutions for asset managers of banks ahead of -- which kicks off on january 1. businesses are facing conflicts between the updated e.u. regulations and u.s. rule, particularly on charges for research. andrew bailey told bloomberg television that regulators in the u k, e.u., and u.s. are where the clock is ticking. for messages going out saying
you have not made any progress. do not turn up on our door and ask us to solve the problem in the morning. what we do not want, and this is why we structured the work and program is we do not want to see this location. so we have been very much focused on what we need to do to make sure the markets are functioning effectively. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. yvonne: thank you. and of the quarter for us here in asia. we look at the latest. market open with sophie kamaruddin three sophie: take a look at what is cap -- with sophie kamaruddin. sophie: investors may be sticking on the sidelines ahead of the weeklong public holiday that kicks off next week. onhad a muted trading volume
thursday. could be the same picture today. with out what is going on japanese stocks sliding with this they lose of data, and fundamentals may be set aside as markets are taking in the end of quarter flows. "sure, down .2% along with the kiwi and aussie dollar. this even as the dollar plus strength is stalling somewhat. the greenback is falling victim to rebalancing when it comes to portfolios. the kiwi is lower for a fourth day. drop for first weekly the kiwi dollar in four weeks. the aussie, we are seeing that lighting with bond yields as iron prices are set for the biggest monthly drop in over one year. reallyhave iron ore having a tough september. to show youthe imap
what is going on with stop stocn the topix. utilities leading the drag. givenly under pressure the new hope party, led by the tokyo governor, is looking to put together a study on the nuclear phaseout by 2030 in japan. and we do have energy also on the back foot today. down byonary stocks 20%. industrial sliding .2%. industry sales rose for carmakers in august and we did have retail sales falling month on month for the first time in three months. a mixed bag of data and we are seeing that being digested by investors. checking on smb stocks after , a mixedwth in japan session.
its results are highly correlated to the economic data, so plenty to wade through. yvonne: all right. sophie, thank you so much. continuing to digest that data. better news for the bank of japan as inflation edged higher. retaild mention however sales are plunging, unemployment remaining steady, let us get more analysis from global economic and policy editor kathleen hays. what do all of these numbers mean? they seem pretty mixed here. kathleen: some of the most important numbers seem pretty strong. the retail sales are a question, but if you look at the fact that japan inflation is moving higher, it is eight months in a row that it has done this, at the most in two years. look at #btv 7942, and you can see the headline cpi, the core,
the boj's may number, up to 0.7. it is a long way from 2%. a long way for -0.4. 0.2%. do not look at retail sales. health of spending was up 6% in august and fell 0.2 percent in july. a broader number in retail sales. the monthdown 1.7% on in august. year-over-year, up 1.7%. less than july, 1.9% year-over-year. let us take a look at what our fantastic bloomberg charts. here, you see the retail sales number down and household expenditures month over month. this is year-over-year. you can see a lot of weakness in spending, but maybe there is a ray of hope. iis is the question, but
was the boj, this would bother me a little bit with possible consumption hanging over everybody's head. but at least you have got this study rise in inflation. betty: the boj's main inflation gauge is 0.7%. is it ever going to hit 2% or should the boj change its targets? kathleen: while, they already said they won't. he has been asked many times, not just by me, he said we cannot do that. target,lowered their 2% markets would think they are going to start tightening before they actually would. that is the answer to the question. the boj said it recently. a tighter labor market is starting to boost wages. two important numbers on the labor market. #btv 8152. that thean see here
unemployment rate is staying here at 2.8%, the lowest in decades. also, holding steady at 1.52, highest sincee the mid-70's. plenty of demand for workers which boost the retail sales higher in the future. another one to look at his industrial production, up 2.1% in august, the monthly increase year-over-year. japan's core cpi is going to get to 1% by october. that is a lot of progress myself. interestingly, also about the minutes of the last meeting, and it looks like the new member, who dissented, is the one boj member who you can see prominently in the headlines here. may maintain a 2%
target, but more easing is necessary to stimulate demand. it may take some time to achieve the price target. that is the summary of opinion giving a view inside what the boj discussion looks like. more easing needed due to sales plans. it is interesting again that after we got the two new members to replace the former dissenters who said it is not going to work. you have got to do something else. here is one thing that we had to do more. very interesting coming out of the boj. somebody might be having -- lifting a glass. betty: thank you. him why heg to ask thinks they should boost productivity.
a closer look at beijing's new plan to help startups. this is bloomberg. ♪
betty: this is daybreak asia. i am betty liu in new york. yvonne: japanese prices extended their run of gains to eight months. that is progress. it leaves inflation at less than half the central bank target despite the tightest labor market in decades. a debrief on the latest data on top of the inflation number with the rookie shirakawa, the chief japan economist. i want to bring back kathleen hays to digest some of this. hiromichi, thank you for joining us. i wanted to your reading on this. inflation, 0.7%, but you retail sales and household spending not
particularly to strong either. what is your take? hiromichi: first of all, production was somewhat stronger. we think that is probably because of the picked up demand in china, and japan exported goods in august so that helps, so better number. we think that will remain healthy for the moment. in japan in august, the weather , and soe unstable forth, so discounting that factor, retail sales are not so bad, and consumption is really stable right now, and we do not the consumption is not weakening. see that the department store sales were looking decent, and we know that is a very mixed bag. can we look at the labor market here? #btv 8152. the unemployment rate, the two
point 8%, lowest in the case, the job applicant ratio highest since the 1970's. do you buy the argument from the bank of japan and easy science that wages, particularly at small and medium enterprises, are rising and will spread to the broader economy? well, we are not buying arguments of the wage inflation pressure leading to an overall inflation of goods and services mainly because the labor market tightness in particular is on the side of the part-time rather than the full timers. we wanted to stress that hours worked are declining, so the utilization of labor in terms of the total labor input is not necessarily that high, and we do paythink full-time worker his rising. we think the labor market thetness is not necessarily
whole workers wages. it might be an hourly wage on usually the cpi cannot go about 1% in that situation. achor: i want to ask you little bit about the currency, right? a little outside of the data, about the currency and what we are seeing here in the u.s.. we are far off of our inflation target, but it looks like the fed is going to raise rates at least in december, and i am curious. people expect that will lower the again. how much -- lower theyen. ailwind willa tel that be the japanese economy? hiromichi: a weaker currency ,hould help exporters income
and also, that money will be spent somewhat at least to some extent on cap expenditure. we tend to think any budget cycle, starting from the corporate income, into a worker's income, -- sector, we corporate had to be aware of the fact that japanese consumers are still quite sensitive to inflation shock. so if the yen continues to weaken, importing pleasure picks up. i would kill consumption. it is a bit tricky. anchor: you mentioned consumption and leading up to , the primeection minister tying this consumption tax hike in 2019 to this $18 billion stimulus package. i have a chart that shows to our viewers what happened last time we saw the sales tax hike. .n 2014, we did see that
we all know japan went into that recession. he is basically making a bet that in two years time, the japanese economy will be an ace wallet enough putting to avoid something like this once again. should this be a bet the prime minister is making right now? hiromichi: the one thing of course is the forthcoming election will be a very interesting election because the is starting to fight with the government. i think they have been quite expressive about the necessity to postpone a hike. the prime minister would be under pressure whether or not he should stick to his own original plan of hiking, but the point is if they hike, you will
see it. abe-san starts to say we consider an option to pod on the b.a.t. that could affect on markets may be because of the fiscal austerity and possibility of downgrade in sovereign debt. that worry with the bond market and interest starts to go up. i could possibly lead to higher currency. it is a really tricky dynamic, and what they have to do is if they do stick to the b.a.t. hike , they have to introduce some measure to really regulate the wage level. maybe it should be a productivity measure. anchor: without the job owning by the government?
it seems like this is a hard thing to manage and if you look at the summary of opinion, you who this one boj member, dissented at the last meeting, saying that basically more needs to be done, particularly with the sales tax hike out in front. but what more can be done? the ¥2 trillion stimulus sounds pretty good. maybe it will offset the hike. between the boj and prime minister abe, what more can they actually do? hiromichi: i think the monetary fiscal coordination, you know, massive buying, has been happening already for four years. that fiscal monetary coordination has not helped much in terms of the improvements of the long-term growth prospect of japan. we have to do something else rather than fiscal expansion. maybe fiscal reform as well.
get the people's expectation for the future improved. so it is very tough. that theo think expansion is already over. anchor: i am curious. while we are very far off in the inflation target in japan, there are investors positioning for higher inflation. not asking you for your forecast here, but i am curious how you think companies should start to be anticipating or start to be positioning for a higher inflation going into 2018. well, if you take a look at the cbi, excluding food and energy, very much 0% number. think, you know, the inflation fundamental, price fundamentals in japan have
changed. expectation for inflation, 0% by theo -- public including the corporate sector. change that situation is more deregulation, for example on a medical center or the construction sector. that could make the price levels going higher because the government is not controlling prices of construction investment and the health care. deregulation may lead to higher prices because higher quality, higher prices kind of arguments. i do not think that is happening now. very difficult for companies to because of the headwind of the aging population. a must the consumption cannot easily recover. anchor: thank you so much, hiromichi shirakawa from credit
suisse. thank you to our global economics and policy editor, kathleen hays, for sticking around. you can get a roundup of that story to get your day going in today's edition of "daybreak." bloomberg subscribers can go to dayb on your terminals. you can customize your settings so you only get the news on the industries and assets that you care about. this is bloomberg. ♪
betty: this is "daybreak asia." i am betty liu in new york. yvonne: a quick check of the headlines. tesla continuing rocky road to profit. doesn't surprise jim chanos. he told bloomberg the company has fallen behind in the race to offer a ton of missed cars and rushed the model 32 markets to appease shareholders. visioned to has a has a but warned it is facing competition from traditional automakers with cash to
spend. company with the bus to be making money now, by 2020. i am guessing, by 2019, we will hear about 2025. this company is structurally unprofitable. its capital structure is way too leveraged. anchor: it announced it will hold trading in shanghai later to make further disclosure about its plan to purchase up to a 3.5% stake in australia's minerals. more details as we get them. jaguar land rover has pulled the plug on an agreement with ford to supply engines in wales. people depend on a deal to make the six nv eight engines for jail are. and v8 engines.
coming up next, china announces the latest efforts to help small businesses. we will discuss the significance when it comes to supporting the real economy. this is bloomberg. ♪ is this a phone?
or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com.
anchor: happy friday. 8:30 in singapore, half an hour away from trading in the open there. i am yvonne man in hong kong. betty: i am betty liu in new york. let us get the first word news with paul. paul: some encouraging signals and japan's latest economic data. investor output grew more than expected in august, up 2.1 percent from july, and 5.4% from last year. inflation move higher, too. core consumer prices rising .7% on year, the most in two years. however, we held fell 1.7% from july, the first monthly drop. main opposition party
has agreed to merge with a new group created by the tokyo governor. it sets europe as the main challenge you to -- the democratic party was one of japan's top political forces. they decided on a thursday to run its candidates under the party of hope, which was only launched on monday. president trump's tax plan has seen increasing the federal .eficit 21 of 26 economists predict it will widen the budget gap. that contradicts steven mnuchin's assertion that it will/the deficit -- it will slash the deficit. the budget office was predicting a $10 trillion rise in federal debt. tom price says he will pay back expenses related to his use of private jets and will no longer use chartered flights. the department says they will reimburse $52,000, although that
would be a fraction of the cost said.t political -- politico released. top spymaster says u.s. companies doing deals with china must be aware of threats to national security. is director of the national counterintelligence and security center and potential problems are sometimes overlooked. president trump and lawmakers moved to toughen the framework for reviewing acquisitions by foreign investors, especially from china. seen an't think we have decline in economic espionage. the numbers continue to grow and continue to be interested in a lot of the technologies, whether they be weapon systems or food and grain. paul: global news, 24 hours a day, powered by more than 2700
journalists and analysts. i am paul allen. this is bloomberg. anchor: thank you. time to see how the markets are shaping up this morning. a regional benchmark going nowhere after a strong quarter. the latest from sophie kamaruddin. sophie: a little bit of volatility as we are at the end of the quarter, but major holidays out of china and south korea next week, so we might see some muted volumes across the market. it is extending thursday's gains , but traders might be on the sidelines. check out what is going on with the korean won, snapping a three-day drop. japanese shares are under pressure, except for a third weekly advance, rounding off a decent quarter. it is boom time for asia's factory output from august. that is not really feeding into the japanese equity session so far today.
fundamentals are set aside. taking a look at what is moving in japan, particularly the at .3%.liding they lead the performers. that is jumping to the highest level in over one year. in case you are hungry, we had that thembing on news boards are to meet today to discuss merger issues for the two sushi groups. check out what is going on with it comes to the laggards in tokyo today. ,ou have them sliding over 5% losing as much as 7.1% after releasing its midterm plan. to grapple with a labor shortage as well as surging shipping volume and likely to get amazon japan to cough up more for delivery fees.
we have this manufacturing company following the most since june 2016. on thursday, it raised its forecast on plans to sell its stake in a shanghai venture. i want to show you some early movers in australia. we have the best performer on the asx 200 today, rising after being upgraded to neutral at jpmorgan. this group supplies fruits and to supermarket chains and roses around the world. lithium minors are climbing today. surging over 10%. we are waiting to hear more from great wall motors about its intended purchase of a stake to gain more access to lithium resources. trading sharesrs in shanghai, halted from today. byhor: i am getting hungry, the way, so that sounds good. china plans to direct more credit to small companies and couldps come a move that
he is concerned a seasonal liquidity squeeze. tom mackenzie joins us now from beijing. for more on this. tom, what do we know exactly? this is building on previous policy moves to try and funnel some credit to the increasingly important small and medium-sized enterprise section of the chinese economy. so we are talking about cuts to the reserve requirement ratios, which currently for major banks stand that 17%. depending on how much these banks lend to smes and startups, that rrr will be reduced. we do not have a time frame yet for this or exactly how much it will be reduced by for each . in theal bank i past, these announcements have taken two weeks to get into place. it is interesting timing given that we are leading up to this one week national holiday in china where the markets will be closed. even we are a few weeks away from this very important political event, the 19th party
congress on october 18. it is about getting money and credit to the real economy here. anchor: yeah, just before you guys had into a holiday. what is the likely impact going to be when it comes to the banks? it sounds like a win-win? tom: quite possibly. i will start off at the smes. there is a terminal chart which shows what was going on from 2014 in terms of credit to the sme sector of the economy, g #btv 2460, and you will see that is credit rates or credit funneled smes spiked in 2015, but generally, it has been going on a downward trajectory. there is a spike up earlier this year around march. the overall trajectory has been deteriorating conditions. the majority of jobs in china and account for most of the innovation that goes
on and we have the scenario where we have one third of total loans overall going to the sme sector. policymakers want to see that pick up given the importance of smes and startups. in theseeen a pickup interbank lending rates, the seven-day repo rate picked up above the present level. it has eased off a little bit. the reason we had the pop is because we have a combination of two main factors, which is this trying tohasis and pressure financial institutions to deleverage coming into conflict with the end of a third quarter, when banks and financial institutions need to make sure their balance sheets are healthy enough ahead of these regulatory checks on their capital. that is what seems to be happening, leading into this national holiday when he markets are going to be closed. there are concerns about liquidity squeezes. this move might help the smaller banks.
they might be the outside beneficiaries of this. they don't have the big major banks. in terms of what it means for overall policy direction, we heard from raymond young saying "do not take this as a signal the pboc is shifting away from its stance. don't take it as a signal they are stepping closer to an easing stance." this is about targeted approaches. anchor: yeah, that's a bar cut has not been cut for any time in a while. thank you so much, tom mackenzie, joining us from beijing, our china correspondent. we are going to appear exclusively from one of vietnam's biggest real estate companies about why it is expanding into the auto industry. this is bloomberg. ♪
yvonne: this is "daybreak asia ."
i am yvonne man in hong kong. betty: i am betty liu in new york. 3.5 billionsting dollars to create a line of vehicles for local consumers. the vice chairwoman exclusively told bloomberg how the country's incomes drove the decision. this is the first step to anchor heavy industry in car manufacturing and it is just it solidifies our desire to meet the demands of the consumers in vietnam. opening first means we are entering the heavy industry in vietnam. we would like not only to build cars in vietnam, but to build the whole ecosystem to support the car manufacturing business india, so that is a big mission for us. types you talk about the
of cars you plan to that effect are type of timeline can we expect before we start seeing cars on the streets of hanoi? >> we have a very aggressive timeline. we expect to launch our first cars in two years. end of 2019, we will see the first car on the street of vietnam. >> you eventually anticipate producing electric cars? >> yes, we plan to produce electric cars and also in a year, we launch electric scooter s. >> i understand you have an announcement to make. can you share that with us? executive vice
president of global manufacturing virginia rometty are's is joining us today. lucky through with his extensive experience and network, we believe that would be -- >> kind of growth did you anticipate for this market for automobiles. cars fell in and the last few years and has been impressive for vietnam. hehink part of it is because at mom's on the verge of transforming from a two wheel country to a four-wheel country. in other countries, when the gdp of capital gets to the level $3000 per person per year, that is when the country starts moving from two wheels to four wheels, so vietnam is expected to get to that level in 2020. that is why we anticipate
tremendous growth in the car industry in the next few years. >> how will you compete against the foreign brands that are already here? >> we do not intend to compete with the high-end brands. boom in thee markets in vietnam as well as everywhere else. like everything else, we built a product with international quality. at a reasonable price for the vietnamese, and that is how the consumer has been accepting different products. tonne: talking exclusively john turturro. let us see how they will be able to compete against the existing asian automakers. joining us is michael done, president of consultancy done
automotive, and formerly general motors indonesian president. this made in vietnam dream sounds similar to the one that china, malaysia had a couple of years ago, with cheaper, local brands to bring in local consumers. are they able to do that? this is a real estate company. >> they are inspired by what they see in china. now, they are on a wall inside china, taking market share from global automakers. they look at that and say we can do that, too. second element at play, she mentioned electric vehicle. it is a lot easier to design and develop an electric vehicle than vehiclesditional of powered by gasoline or diesel engines. that makes entry easier, simpler, and quicker. they say china has gotten there. why can't we do the same thing? >> it is interesting.
she mentioned there is a foreign luxury brand which is not her competitor. what would be the competitor? mean, what can he bring in terms of expertise? >> manufacturing. how to manufacture at a lower forced to bring parts in from overseas. vietnam would be able to potentially source of a lot of components within vietnam and go to a lower cost base. that is going to be the trick. they have got to get their costs down and price themselves at a level below what the global automakers are at today. consumers vietnamese even want a made in vietnam car? >> that is a great question. chinese consumers wanted no part in a chinese-branded car.
look for them to go through a startup period where they prove themselves. there, theity is enemies consumers will be ready to buy those products. betty: it is betty. i want to jump in and expand from the vietnamese market. you look further at the asian market. on just have the race here trying to own this market, and of course, when you talk about ev's, you have to talk about tesla. we had a conversation with jim, who has been a long time there on the company, and i wanted to have you here what he had to say about tesla and get your thoughts on this. >> this company is structurally unprofitable. its capital structure is way too leveraged. solarcity for $8 billion.
ebitcity had negative depreciation. it is $1 billion per year. betty: he went on to say that they are a sexy company, but they are now faced with formidable competitors who have a lot of cash to compete. what do you say to that? >> tesla has done it again and again, and that is disproved or do the impossible, so the competition from the germans is coming. solarcity is a distraction. it is really hard to bet against elon musk. i want to do what other people said he would not be able to do time and time again. the next potential upside would be china. they sell need to have thousand cars per year. in a premium market of over 2 million. if tesla is able to manufacture in china and sell to the chinese
in numbers, then costs come down and profitability improved. so i would not bet against tesla quite yet. especially with elon musk in charge. betty: i hear that a lot from people who are very supportive, that arboles in tesla. what is interesting is that perhaps, because they are burning so much money, you know, because they are doing so many things, the competitors are moving faster than them. you might even say that, in china, right, clearly the market is very important, but as they are looking for manufacturing capabilities, the chinese automakers are moving very quickly, and they got a lot of money behind them to take that market. >> that's right. there are several chinese companies doing r&d in california to develop tesla fighters. beautifully cars ready for production. they would like to bring them back to china and do in china
what tesla has been able to do in california. closing onow is tesla. they had to get started with manufacturing in china. , chinese, companies might steal their thunder. yvonne: sticking to china, we just got yesterday some new emissions rules that some say were quite unprecedented when it comes to the market. this new cap and trade policy has been delayed. what is the message you get from china over this kind of delay right now? it seems like they are saying the transition is not happening quick enough. does that mean the targets, are they going to be achievable by 2019? >> we will look back on this policy five years from now and see it as a monumental changing point in the history of the automobile. i genuinely believe that. china is saying and doing things we have not seen before, and that is 10% to start with of
sales have to be electric. no one has ever attempted such policy, but because china is such a big market, global automakers have no choice but to comply. ins should trigger a surge production of vehicles in china and put china in the driver's seat for electric vehicle revolution globally. that is really an important policy. there may be delays in use hiding, but the direction is clear, and china does not seem to be prepared to waiver from that at all. it is big. yvonne: michael, certainly it is. thank you so much for joining us. it is 2020, that is a target they were hoping to reach. michael: that is right. yvonne: thank you so much, michael dunne, joining us from san diego. we would like to bring attention to our interactive tv function at tv . live buto watch us check out the previous interviews as well.
all on the right side. become part of the conversation, and send us an instant message during our shows. that is for bloomberg subscribers only. be sure to check it out at tv . this is bloomberg. ♪
yvonne: this is "daybreak asia." i am yvonne man in hong kong. betty: i am betty liu in new york. petrochina selling majority
ofke in its terminal to one its own units as china's biggest oil and gas producer continues to refine its focus on upstream exploration. 58 percent owned by petrochina agreed to pay its parent's 230 $2 million for the acquisition. analysts say it fits in with beijing's push to streamline energy industry players. yvonne: american airlines is to add more seats to some of its single aisle planes to boost sales. the 737 800 jets will be revamped to accept 12 more passengers. american also plans to improve its technology and try to persuade more people to upgrade to more expensive tickets. the aim is to lift sales by $1.4 billion by 2021. betty: ikea has gone shopping, buying san francisco-based task rabbit. founded in 2000 eight, task rabbit was among the first to
connect part-time workers with customers willing to pay to have jobs done. , yes,ling ikea furniture was one of its most popular requests. right, yvonne? yvonne: yes. task rabbit will remain an independent unit within ikea and its ceo will continue to run the business. genius. i think i slept on my ikea bed. it was broken in college, pretty much, from assembling it. i slept through it all four years in college because i cannot afford to get a new one. assembling furniture from ikea is always a challenge. >> you always have so many spare parts at the end of it. [laughter] >> and you have the little thing you have to keep around in case it breaks. >> and then you fall through the bed a few hours later, but that is another story. >> a lot of data coming up this weekend. rishaad: looking at both of those over the weekend. just seeing we are on even footing when it comes to the economy.
the chief china economist of jpmorgan joining us. 40 minutes, they're about. where are we going? what about liquidity, what about debt. in 1.5 hours, we are speaking with james. he is rather interesting on this point because what he is saying is that in the west, we have a situation when the west -- in china, money flows to problems to solve them. we will ask him how that plays out with liquidities. betty. betty: good questions. thank you. that is it from "daybreak asia." our markets coverage continues with rish and heidi. this is bloomberg. ♪
rishaad: 9:00 a.m. in hong kong. 9:00 thursday evening in new york city. i am rishaad salamat. haidi: i'm haidi lun in sydney. this is "bloomberg markets: asia.". ♪ rishaad: precautions to a strong quarter for asia-pacific markets. the benchmark down for a seventh day. haidi: next messages from japan. inflation hitting a two-year high last month, but retail spending slowing.
Bloomberg Daybreak Asia
Bloomberg September 28, 2017 7:00pm-9:00pm EDT
A look at the latest news in business, finance and where the markets are headed.
China 53, Us 20, U.s. 19, New York 13, Vietnam 11, Hong Kong 10, Daybreak Asia 10, Betty Liu 8, Yvonne 7, Beijing 6, Australia 6, Shanghai 5, Boj 5, Trump 5, Jim Chanos 4, Paul Allen 4, Sophie Kamaruddin 4, Tokyo 4, Ikea 4, Kathleen Hays 4
Uploaded by TV Archive on September 28, 2017


When it comes to choosing a career, a lot of young people often spend too much time looking at the more conventional paths. What they should be doing instead is thinking about what they will be good at, what inspires them and essentially what area or areas they will succeed in. Some of the most successful people in the world are those that followed their heart and dived straight in.
From doing research before you make your final decision, you will find that some of the most interesting jobs are not always the ones that your advisors or parents think are best. You will also see that there are industries out there that you didn't know existed.
For the creative minds out there, furniture design can be one of the more interesting paths for you to choose. People have been organizing their living spaces for centuries now, and one of the most important aspects is the furniture. There are thousands of furniture design companies out there at the moment – a quick search on the internet will give you a whole host of companies to approach for some work experience or an internship. One of the most globally renowned students of furniture design is Lucian Randolph Ercolani. Born in Italy, Ercolani went to the UK to study the theory and construction of furniture at the Shoreditch Technical College in London. When he completed his studies, he went on to become one of the most famous furniture designers of our time. The Ercol range of furniture is still thriving today. While studying furniture design might not be at the top of everyone's list, we should be thankful that people like Lucian Randolph Ercolani led the way and inspired more young people to enter the industry.
You may not have heard of this one, but you'll definitely enjoy learning about it! These are the guys that are in charge of creating and writing adverts that can be seen on television and heard on the radio. As you can imagine from the job title, the Head of Creative manages a team of people that carry out these tasks. Let's look at a man called Sam Crowther; he is the Head of Creative for Bauer Radio. The name Bauer Radio may not sound familiar, but they are the umbrella company that runs a whole host of famous radio stations, including Kiss, Kerrang! and Planet Rock, to name just a few. Which young person wouldn't like to be a part of that! Crowther says that he loves his job within the industry because it allows him to meet lots of different people and also offers challenges on a daily basis. Crowther admits that his job might not be one of the more well known out there, but he is adamant that youngsters should follow their dreams. He notes how he always followed his passion no matter what happened; all he had to do was work as hard as he could to make his dream a reality.


The accolades keep coming for Heat golfer Samantha Copeland, just a week after earning the UBCO Female Rookie of the Year award the golfing phenom from Calgary combined her prowess on the course with academic success to earn a CCAA Academic All-Canadian award.
The Canadian Collegiate Athletic Association (CCAA) All-Canadian award is the CCAA's most prestigious student-athlete honour, epitomizing a commitment to academic success and athletic achievement. The requirements for the award combine playing at a conference all-star level while maintaining above honours marks at your institution.
With Copeland's grades well above the honours level, the two-time Provincial Player of the Week, Provincial All-Star, Provincial gold medal, and Provincial Player of the Year would add the CCAA's highest award to her trophy cabinet. Copeland's latest national recognition joins to her CCAA All-Canadian that was earned in October while leading her team to a national bronze medal.
Asked how to focus on sport and academics Copeland talked about balance in all aspects.
"I would say that my involvement in college sport has shown me the importance of time management and has shown how important it is to have balance when it comes to life as a university student," explained Copeland.
"Being on the golf team has given me something to work hard for, and I want to keep high grades so that I can continue to be on the team for the next four years. In the process of staying on top of my schoolwork and attempting to get ahead when playing in tournaments, I have found that I have been able to get to know my professors better. I try to meet with them to ensure that I can be successful in my courses, this helps especially when I miss classes due to travel. It's also great to have other teammates in the same position so that we can keep up on our school work together."
With only UBC Okanagan golf program the only sport competing in the CCAA there were only eight student athletes from Heat varsity teams even eligible for the CCAA's most prestigious student-athlete honour. Copeland was the only golfer from the PACWEST conference to make the list and one of just 17 PACWEST athletes to earn the high honour.
Golf has been a sport and competed in the CCAA starting in Canada West Universities Athletic Association in 2008/09.


text:
Write for The SEM Post
Submit a tip or contact us!
The SEM Post
Latest News About SEO, SEM, PPC & Search Engines
You are here: Home / Archives for Video Marketing
'#BusterTheBoxer' from John Lewis Tops List of Most Shared Ads of 2016
December 2, 2016 at 9:04 am PST By Greg Jarboe
UK retailer John Lewis is bouncing with joy today after its Christmas campaign "#BusterTheBoxer" was named the most shared ad of 2016 by video ad tech company Unruly. The two-minute video ad, which features an array of animals playing on a family's trampoline at Christmas time, appears at the top of Unruly's annual Top 20 […]
Blippar Opens up its Augmented Reality Technology to Marketers
November 7, 2016 at 9:00 am PST By Greg Jarboe
This morning, Blippar, Inc., announced that it is providing access to a self-service suite that includes its augmented reality (AR) technology and computer vision capabilities. The move is intended to allow developers and even marketers who may not have coding experience to tap into the potential of the AR market, which eMarketer projects will grow […]
Octoly Shifts Paradigm of Influencer Marketing with 1-Click Schmoozing
October 10, 2016 at 4:38 am PST By Greg Jarboe
On Thursday, Oct. 20, I'm speaking about "Schmooze Optimization" at the third annual VidSummit in Los Angeles. If you've never heard of the concept of optimized schmoozing, it's something that I talked about four years ago at SES San Francisco 2012. It is "the process of making casual conversation with influential individuals who can help […]
IAB Report Analyzes Virtual Reality's Potential as an Advertising Medium
October 3, 2016 at 8:42 am PST By Greg Jarboe
Earlier today, the Interactive Advertising Bureau (IAB) and its Mobile Marketing and Digital Video Centers of Excellence released "Is Virtual the New Reality?: A Market Snapshot of VR Publishing and Monetization." This report explores virtual reality's promise and pitfalls as the "the next big thing" in digital advertising. Interviews with two dozen leading voices […]
Google AdWords Announces Call to Action YouTube Video Ads
September 14, 2016 at 4:37 am PST By Jennifer Slegg
Want to create video ads for YouTube with a call to action instead of the usual pre-roll video ad format? Google AdWords has announced a brand new TrueView video ad that allows advertisers to include call-to-action buttons. The new call-to-action buttons can be tailored to fit the specific video ad, such as using "Learn more", […]
Unruly Launches Emotional Intelligence Products for Digital Advertising
September 9, 2016 at 8:17 am PST By Greg Jarboe
Earlier this year, The SEM Post reported that video ad tech company Unruly had launched Unruly Pulse, a new dashboard that provided marketer with "emotional intelligence." Among other things, data from the new dashboard showed that advertisers were failing to make people laugh, with hilarity one of the least common emotions worldwide. Yesterday, Unruly launched […]
Half of the Most Shared Olympics Ads of All Time Are From the Rio Games
August 25, 2016 at 1:37 am PST By Greg Jarboe
Half of the top 10 most shared Olympic ads of all time come from the Rio Games. That's according to data released this week by Unruly, which puts ads from British broadcaster Channel 4, Under Armour, Nike, and P&G in the all-time chart. Channel 4's "We're The Superhumans" is the most shared ad of the […]
'We're The Superhumans' is Second Most Shared Olympics Ad of All Time
August 3, 2016 at 4:00 am PST By Greg Jarboe
With the Opening Ceremonies set to start this Friday, Channel 4, the British broadcaster airing the Paralympics, currently leads in the race to become the most shared Olympic ad of 2016. According to data compiled by Unruly, a video ad tech company, Channel 4's "We're The Superhumans" has generated 1,256,567 shares across social media since […]
Unruly's Outstream Video Ad Formats Debut on The Wall Street Journal
June 30, 2016 at 9:00 am PST By Greg Jarboe
Advertisers on The Wall Street Journal's website can now purchase Unruly's outstream video ad formats, which create new premium video ad inventory within WSJ.com's article pages. Unruly's premium outstream video format begins to play only when the video is in-view, as defined by the Media Ratings Council (MRC). Measured by Moat, the format is designed […]
Has Unruly & News Corp Discovered a Cure for Vertical Video Syndrome?
Thanks to a new mobile format launched at an event held at Cannes Lions by News Corp and Unruly advertisers can now run viewable vertical video campaigns across News Corp titles. But, with the stigma still associated with "Vertical Video Syndrome," will they use it? Well, we'll soon find out. The outstream vertical video […]
« Read Newer Stories
Read Older Stories »
Jennifer Slegg (2049)
Sign up for our daily news recap & weekly newsletter.
Weekly The SEM Post Newsletter
The SEM Post Daily Recap
New Google Quality Rater Guidelines, Update Adds Emphasis on Needs Met
Google has released a brand-new Google quality rater guidelines, coming close to a year after the … [Read More...]
Google Updates Experiment Statistics for Quality Raters
Analyzing "How Google Search Works" Changes from Google
Google Quality Rater Guidelines Update: New Introduction, Rater Bias & Political Affiliations
Google Updates Quality Rater Guidelines: Reputation for News Sites; Video Content Updates; Quality for Information Sites
Google Makes Major Changes to NoFollow, Adds Sponsored & UGC Tags
Google Updates Quality Rater Guidelines Targeting E-A-T, Page Quality & Interstitials
Google Local Service Ads Display Pricing Estimates for Specific Locations
Google Testing "Relevant History" Section in Mobile Search Results
Google Converts PDFs, DOCs, XLS etc into HTML for Indexing
Google RankBrain
Quality Rater's Guidelines
History of Search

redpajama_set_name: RedPajamaCommonCrawl


text:
Avs Prospect Bowen Byram is a Step Ahead of His Peers
When Canada opens play at the 2021 World Junior Championship, Bowen Byram will be a leader on the squad. It won't be long until he's exactly that in Colorado.
Steven Ellis
Bowen Byram
Steven Ellis/The Hockey News
If you look back to the Colorado Avalanche's disastrous 22-win season in 2016-17, it's easy to paint the defense as being this terrible monstrosity that would have been better served in the AHL.
But here we are, and the Avs have one of the most promising young defenders in Calder Trophy winner Cale Makar, a terrific secondary piece in Connor Timmins and some tremendous veterans in Erik Johnson, Ryan Graves and Devon Toews.
And there's Bowen Byram, one of the best defensive prospects in the entire NHL. Byram may not make the Avalanche on opening night without an injury to someone else, but Byram we're not far from finding out what he is capable of at the NHL level, and his performance early in camp speaks volumes about his capabilities.
Byram had the chance to suit up for the Avs in an exhibition contest prior to the 2020 playoffs in Edmonton and he didn't look out of place as a 19-year-old. But that's it for his game action since March, like most players, so it wasn't exactly clear how Byram was going to perform right out of the gate when Team Canada's world junior selection camp opened up last week in Red Deer.
"It's been so long since we've been in a competitive environment," Byram said. "It's been a lot of fun so far and through the process, it will be a good time."
But if it wasn't for Kirby Dach and his seemingly unstoppable scoring touch, Byram would have been Canada's best player through two intrasquad games. Byram recorded two assists in Sunday's 6-3 victory for Canada White, but Byram consistently showed up for every shift with great consistency and had no issue handling the Canada White's best players through two games.
That shouldn't come as a surprise. Byram was one of Canada's better defenders a year ago in the Czech Republic and has generally thrived through all levels of Canada. He and Jamie Drysdale are the only two defenders returning from the championship run from a year ago. and that experience will be important this time around. It helps when your best defender is back and it's even better when they're shining in a unique camp situation.
"He'll have a great pro career," Dach said. "He's got that mentality already."
With and without the puck, there's a lot to like about Byram's game. He can create offense from the blueline with patience – good passers wait for the right move, not the easiest to make a play – and that was evident in his two setup plays on Sunday. Byram also seemed to be the only defenseman that could force Dach to make mistakes with the puck, letting the Chicago Blackhawks forward have time with the disk before cutting in and catching him off guard. Byram gives opponents a false sense of security when they control the puck and it's so hard to predict what he'll do to stop them.
Byram is a near-shoo-in to play top pairing for Team Canada in Edmonton when the World Junior Championship opens up in December, and a strong performance could be a gateway to an opening-night roster spot on Colorado. He's far from a lock to play the whole season, and he might need an injury to someone in the lineup to force his way in, but when everything else is sitting at home and watching, Byram will be getting important reps in. If Byram goes on to have a monster tournament and lead Canada to a gold, his momentum might be worth carrying over into the season.
That's not his focus right now. Instead, it's about chasing another gold and being a leader in a year where most of the roster hasn't played in a competitive setting for months. An 11-game exhibition stretch allows Canada an opportunity to prepare, and Byram already looks in peak form compared to the rest of the squad.
"I had a conversation with the coaching staff at the start of camp here," Byram said. "We had a good talk about how they wanted me to play and how they wanted me to be on the ice.
"I think the biggest thing for me was offense. When you haven't played in a while, I think offense is one of the first things that comes back. I've been trying to focus on my defensive game as much as possible and try and give up less opportunities."
As Byram prepares for his final tournament as a junior player for Canada, he has proven what he's made of when he plays the best talent in his age group. He's won silver at the World Under-17 Hockey Challenge, gold at the Hlinka-Gretzky and, of course, top honors a year ago with the U-20 team. The grind to make Canada at this year's tournament is unlike any other – no other team is hosting training camp like Canada with most nation's having had on-ice action for months. It's more of a grind than usual, but Byram hopes it'll be worth it in the end.
"You've got to enjoy it. You got to have fun. It's important to enjoy the process," Byram said. "If you aren't enjoying it, you aren't going to have a good shot at making the team."
Don't worry, Bowen. You don't need to worry about that.
colorado avalancheworld junior championshipTeam Canadaprospects
THE HOCKEY NEWS MAGAZINE
Not a subscriber? Sign up today to get the best features and analysis from the NHL and beyond. If you're already a subscriber, click on the My Account button to sign into your account to renew your subscription, make a payment, redeem a gift, update your payment method and much more...
Detroit Red Wings: The Almost Playoff Dynasty
The Red Wings of the 1930s were just the third team to win consecutive Stanley Cups. Complacency prevented them from becoming the NHL's first tri-cup dynasty
By Stan Fischler
Sabres' Dylan Cozens is Riding a Wave of Momentum
From the World Junior Championship to Buffalo's opening night roster, Dylan Cozens has had quite the past month.
By Steven Ellis
Lane Miller: 'We need to be diverse. We need to be inclusive'
The Panthers VP of human resources is using her 15 years of experience in the sports industry to grow the game within the diverse market that is South Florida.
By The Hockey News
© 2021 The Hockey News, Roustan Media Ltd


There's an old saying that "gold is where you find it". It makes perfect sense.
That's why we are going to Norway. But we're not just going to search for gold. We're going to look for platinum base metals, nickel, copper and of course rare earth elements.
This summer we will carry out substantial geological works through our subsidiary BS Norway Limited.
It's an extremely exciting project which could add another source to our future cashflows here at Blackstone Resources. If successful, it will mean greater future earnings stability and potential once we are fully operational.
We already hold several licences across three promising sites.
Bleka hosts a gold mine that was first operated between 1800 to 1916, and then again from 1936 to 1940 just before the Second World War. There is still likely to be significant deposits located at this site. We hold the Bleka 3 licence which covers an area of 10km2. Our plan is to find and collect 100 samples from here.
The Tørdal region is south of Oslo, Norway's capital. It's well known for its deposits of rare earth elements and scandium, which are used in the latest high-tech batteries. Our Tørdal 3 license covers an area of 10km2. Here we also plan to find and collect 100 samples.
We hold twelve licences altogether for the Lillefjell region, covering an area of 110km2. However, this summer we will look at the sites covered by our Lillefjell 4,5 and 6 licences which covers an area of 30km2, where we will take in a total 300 samples.
Blackstone Resources has always been strongly commited to supporting further education and research. We will sponsor three teams of UK-based university students to visit these sites in Norway. Each team will consist of two to four geologists and geophysicists from Cambourne School of Mines, University of Exeter. We will fly them out there, pay for their accommodation and kit them out with the best time-tested equipment on the market.
This a highly reliable tool used to map geological structures and detect minerals by measuring very small variations in the Earth's magnetic field. It includes an inbuilt Garmin GPS system for field steering, which will help the students keep their survey on track.
The students will also be equipped with this tool. It is one of the most widely used metal detectors used in the mining industry with a track record of success.
By the end of the project, five hundred samples will be found and collected in total by these three teams.
We are very excited about this latest project. It will be a great experience for these students and could lead to a fantastic result for Blackstone Resources.
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug. It is active in acquiring and developing mining and raw material licences. In addition, it sets up, develops and manages refineries used for gold and battery metals. It also makes strategic investments in mining companies. Blackstone concentrates its activities on primary commodities such as gold, battery metals such as cobalt, manganese, molybdenum and graphite.


Pioneer N-30AE review | What Hi-Fi?
There's a yawning gap in the market at the moment for a good-sounding music streamer at around the £300 mark.
Our go-to streamer at anywhere near this price is Arcam's mighty rPlay, currently selling once again for around £400 (after having been on sale briefly for a tantalising £330).
But for now, anything priced at less than £400 has been found somewhat wanting in sound quality terms. The specification and features of the Pioneer N-30AE promise much, however.
Get it out of the box and things remain encouraging. This Pioneer unit is nicely built and looks the part, with its uncluttered fascia featuring a decently sized (but not dominating) display, off-set from the centre, next to the control buttons.
Not that you'll be using these buttons too often, as there's a comprehensive remote control handset in the box as well.
Which, in turn, you probably won't be using too often, on account of the Pioneer control app that you'll more likely default to using on your smartphone or tablet.
Also in the box, alongside the remote and batteries, are the power cable and a standard pair of analogue interconnects, to link the unit to your stereo amplifier.
The Pioneer N-30AE will drag the digital music files (low and high-resolution) from your computer or NAS drive and drive them to your speakers via your amplifier.
It has an ethernet input for hard-wiring into your network, and twin aerials for a wireless connection.
Take note, though, that for hi-res files with sampling rates of more than 88.2kHz (the N-30AE will play files of up to 24-bit/192kHz), or for DSD files, you will need to use the wired connection, not wi-fi.
Either method of connecting to your network will work just fine for everything else though.
The N-30AE will seek out internet radio stations via TuneIn Radio, play tunes from Spotify, Tidal and Deezer, take files directly from a USB stick or hard drive connected by USB, and take a signal from your iOS device via AirPlay.
This Pioneer has got plenty of bases covered then – and as far as features go is the equal of the Arcam. Indeed, that little screen on the front puts it at an advantage, it's handy to have album art on display, along with other information of what's being played.
The rPlay, in contrast, gives little away from its pretty much blank face – relying on its sonic abilities rather than any obvious visual distractions.
We get everything set up on the N-30AE without mishap – although it's a shame that this, as with so many pieces of kit we see nowadays, comes with only the most rudimentary of quick set-up leaflets in the box.
You'll need to go online to download the full manual, should you require it. Still, there are no problems in setting up, so the leaflet steered us well enough.
Directing the Pioneer to play a tune is a fairly logical, simple process. It takes a bit of time to find your way around the remote handset – as we say, it's quite comprehensive – but it's certainly not a taxing process.
And in no time we are playing CD quality tracks from our Naim server. We follow these up with a switch to the NAS drive that houses our DSD files, and the Pioneer doesn't falter, finding tracks without fuss.
Likewise internet radio and tracks streamed from Spotify, both via Spotify Connect and the app on the streamer itself.
It's all fairly impressive for what is a relatively low-cost streamer, in the big scheme of such things. But how does it sound?
Of course, as the keen-eyed reader will have guessed from the star-rating at the top of this review, it's here that the Pioneer simply cannot keep pace with its most obvious rival, the rPlay.
It just sounds a bit flat. No matter what the format played, the Pioneer lacks dynamism. In Habanera from Bizet's Carmen, the pulsing rhythm of the strings fails to grab the attention in the way it should.
There's no precision to the sound, and it's sometimes a strain to pick out individual instruments.
There's no obvious bias to one part of the sonic spectrum, so the overall sound is at least nicely neutral. However, that means both bass and treble notes fail to grab the attention.
There's no real crispness to the start or finish of notes and the overall sound, while perfectly listenable, is uninspiring.
The lack of power to bass notes means the music sits in the background, as opposed to getting our toes tapping in a proper listening session.
In fact, that sums up the N-30AE: it's a perfectly competent device for finding and delivering music for background entertainment, but if you want to sit down and really listen, you can't help but feel there should be quite a bit more to its performance.
Inevitably, we use the Arcam rPlay to stack up against the Pioneer for comparison, and the same piece, Habanero, from the same NAS device, suddenly springs effortlessly to life.
The Pioneer's somewhat lacklustre sonic character is consistent, no matter the source or file used. Hi-res files inevitably bring more to the table, but that's down to the format rather than the streamer bringing the track to our attention.
That it is solid, reasonably simple to use and has most of the features one could want in such a unit are all big plusses for the N-30AE.
But we find it hard to recommend the Pioneer N-30AE as a piece of hi-fi to sit down and pay attention to. It fails to bring much spark or life to any of the music we ask it to play. No amount of features or ease of use can make up for that.


Amar can help you with Xero demonstrations, Xero troubleshooting and training, Xero conversion, Receipt-Bank and other cloud based apps. Making Tax Digital is also a key area of Amar's role.
Amar has a profound interest in technology and has a Business Management Hons Degree 1st from Cardiff University.
He practises Brazilian Jiu-Jutsu and has achieved British NO-GI silver medallist. He also enjoys watching movies and cooking.


Established in 2006, the Keystone State Education Coalition is a growing grass roots, non-partisan public education advocacy group of several hundred domestically elected, volunteer college board members and directors from college districts throughout Pennsylvania. I suppose any kind of education is best than no education and I admire your motivation and ambition in pursuing yours. Hello pals, I am right here to share some important information about how I obtained a mortgage from an genuine loan group per week ago. I actually have also included different concerns and ideas for a particular education job interview. It's great that you've been able to work with such wonderful particular education lecturers. They are additionally likely to receive higher education as extra monies are allotted per baby. Singlemom624 – I am so sorry for what you went by way of just in order that your son might receive an education. I am at the moment placing together a guide of active learning actions and games for kids to do together with dad and mom or tutors, or in small groups in school.
One that I significantly like for its ease of use and distinctive contents is ALEX , from the Alabama Department of Education. In the January 2016 report, The Critical Importance of Vocational Education within the Commonwealth," ninety percent of employers surveyed needed a larger pool of vocational-school graduates and practically the identical proportion agreed the schools themselves ought to have more fashionable tools. K-12 has its boons and banes as well..But, if we work hand-in-hand this program shall be of nice help to change the antiquity of our educational system. One week later i acquired my card and tried with the closest ATM machine near me, It worked like magic. Today's education systems must adapt practices to local range while guaranteeing widespread targets.
After years of trial and error, we all know the policies and methods which have really made a distinction in scholar development: Choice in education; constructing on the fundamentals; STEM subjects and phonics; career and technical education; ending social promotions; merit pay for good teachers; classroom discipline; parental involvement; and robust leadership by principals, superintendents, and regionally elected college boards.
While many districts fluctuate in their definition, the widespread thread was that RSP college students had been typically mainstreamed generally education courses for almost all of the day. We additionally associate with and native leaders to increase the number of CS academics across the U.S. In Georgia, they partnered with CEISMC at Georgia Tech in addition to the Department of Education and Governor's workplace to open trainer skilled learning programs to the entire state. It's the inch deep, mile vast strategy to education that may look great on a transcript but might depart your little one with great deficits in different elements of their lives. All our previous associates from Sesame Street seem in studying video games and videos right here.
This evaluation will include a brief description of approaches Typica l Co. can consider to assist within the education of its workers. In his eleven years of teaching at Hillcrest Elementary in the Lake Stevens School district in Washington State, Bob Coleman has witnessed how educational expertise might help advance collaboration and engagement within the classroom. Early Gautreaux results instructed giant benefits for youngsters shifting to the suburbs, but more recent MTO analysis concludes that neighborhood change will not be sufficient to substantially enhance schooling quality or educational outcomes (p. 478). Psychology allows people to know more about how the physique and mind work together. With the drive toward tutorial rigor, recess and bodily education courses continue to get devalued.