Hi there. I'm Anthony Chung and I'm the head of market analysis here at Amplify Trading. Every weekday morning I'll deliver a fundamental rundown ahead of the European Open. But if you subscribe to the channel, you'll also get content from the rest of the team. So, let's begin. Okay. Good morning, guys. And let's take a look at the markets this morning at the European Open Tuesday, the 15th of September. And it was a relatively quiet day yesterday. All three of the major U.S. indices finishing positive, just over 1%. And continue to claw back then some of the selling pressure that had been seen in prior week gone by, as the general sense seems to be a lot of the press and market kind of talking heads about the kind of healthy nature of a bit of a correction in what otherwise was a fairly one-dimensional rise that we were seeing in markets at the time. Talked about a little bit of normalization in the options market as well. Yesterday, a lot of people saying then that helps to kind of breadth of then the buying that can recommence, given the kind of shakeout that we've had of the stretch positioning before that sell-off. So, overall, there's nothing really too new to mention on that front. I'd say when I'm looking at the major U.S. indices this morning, we continue to remain on the front foot. The NASDAQ futures up about 60. The S&P is up about 20 or 15 at the moment. Coming in the case of the S&P in close proximity to the R1 level, worth keeping an eye on that does mark around yesterday afternoon's high. We've got at 92.5 and 95.25 being the R1. Any further push above there today then would be looking at the broader range that we've been trading over the last three or four sessions, which would be up at 34 or 14 on a continuation of this move. Similarly, with the NASDAQ just coming up to close proximity to that hybrid as well from yesterday. And you can see near-term price activity, a bit of a double top. If I just put on the ellipse through where we were trading at the back end of last week and then in yesterday's session here at 11.349. So, trading just around 25 points or so away from that at the moment. So, generally, positive close on Wall Street, a little bit mixed overnight in Asia. Some Chinese data helping bolstering lights of the Hangsang, though, in Hong Kong. And I'll get into that later in a moment. But otherwise, elsewhere, some general risk appetite, the dollar then weakening in the overnight session. The Dixie's down about two-tenths of 1%. So, consequently, helping support EUR a dollar, which has managed to get its head just above what was the high point from yesterday. And you can see here finding a bit of a platform now to support price. You've got a combination of the R1 with that high from yesterday. And this kind of price breakout that you can see here was when we saw that very soft reference to the Euro. No explicit talking down or drawbinding of the Euro from ECB's Christine Lagarde last week. So, those highs now are with insight. A lot of people were off that mindset. The general kind of nature of the ECB being a little bit behind the curve in terms of their policy adoption following the Fed's move to AIT, opening up the prospect then of potentially a Euro move back up into towards those 120 areas, which has been a catalyst then for them to start kind of voicing concern about the strength of the Euro. So, kind of continue that grind back up towards those levels and a pretty decent area here then, from a technical point of view, at least, to provide perhaps a little bit of support for if all things remain equal as they are at the moment, a continuation of the push-up. And I would be targeting up and around the R2, which does coincide then with around that Lagarde high, which was around 1.1940 looking at the Euro futures here. Euro is up about 26 pips, but cable is flat. As you can see here in the center top chart, hugging around its pivot level at the moment on the up on the north side of that level. But there's obviously some Brexit news I can update you on with the passage of the internal market bill last night, what the next steps are and what does it mean and so on. I'll get into in a moment. Incrued, not too much movement, pretty restricted, I'd say, and it's overall price yesterday and it's just sitting around consolidation of its pivot level on the futures at the moment. This despite then Hurricane Sally still being in observation at the moment. And then the fixed income markets were pretty flat at the moment. No real movement seen in the overnight Asia Pacific session after we did see a bit of a bump up in prices through the US session yesterday. So let me get into some of the headlines then and going to start off with talking about what's dominating quite a lot of the UK press coverage this morning and that is of course the House of Commons passed their internal market bill pretty late last night. I think it was looking at the results coming out must have been about half 10 at night. Feels like we're back in that Brexit Theresa May era again. The internal market bill passed by 340 to 263 in its first main vote allowing it to now go through until the next stages in the parliamentary process starting from today. Only two Tories voted against him for now. Others abstained of the abstained names of significance. Former Chancellor Siji Javid, former Attorney General Jeffrey Cox and Jeremy Wright were part of the abstentions, or abstained I should say. Now the bill passes to its second reading. It will face four more days basically of debate on its fine print a stage of which lawmakers can try to insert revisions that could change the entire meaning of the bill or even kill it if it got as far as that. So if you remember lots of the other procedural votes that we had going through particularly 2019 even 2018 to do with Brexit it's not just one vote and that's it. It basically goes through a number of votes. The government puts it through first. Normally what happened last night and the reason my reaction in market was so tame is that that was very much expected to go through with relative ease given the size of the Tory majority. It's now about the revisions part. It gets a little bit more complicated and then it gets even more complicated then when it starts going down into the next levels where Johnson faces much bigger hurdles when it goes up into the House of Lords from the Commons should it then go through this revision process where Tory grandees including the former leader Michael Howard has denounced the legislation and could delay then its progress further. So it's not so much of a definitive thing, one and done. It's going to be dragged out throughout the rest of the week. I guess we'll know a little bit better where the land lies by the time we get to Friday perhaps but even then it's probably going to spill over into next week. So it's not gone away. The one thing I would say is that it's not really a market sensitive thing right now for sterling currency for trading effects. However if this does turn into a very protracted period of time to go through the various hoops and hurdles here which it normally does take some time then that's kind of eating into the negotiation time with the EU because as long as they're pursuing and talking about this internal market bill, although Johnson's talking about this as an insurance policy which he'd rather not use, he'd rather do a deal with Europe and all of meanwhile Europe are just going to sit on the sidelines. They can't really do anything until the UK sorts his house out first of all. So that of course is quite sensitive because we've already got, I mean it's a month to the day really when there's the tentative kind of soft deadlines that a deal of some sort needs to be concluded essentially so it can be ratified across Europe in time for the transition expiration at the end of the year. So I don't think it would be too much of a concern right now but maybe perhaps as we get towards the end of the week as these individual votes start coming through how much revisions does it go through the more there is the longer it's going to take and then how much can the House of Lords delay proceedings even further, all of this is going to just heat more pressure on the diminishing timeline that is to cut the deal with only four weeks left really to go. I think I'm going to be wrong. We've seen this many times before. Obviously this soft deadline can be moved further out but if we do get to that type of territory all the more reason is probably going to add a negative kind of headwind weight to sterling going forward over the coming weeks. So that was the latest on that side but overall in Asia probably worse warrants mentioning that Chinese retail sales last night came in the first time that they were positive or saw growth for 2020. Chinese retail sales came in at 0.5% year-on-year that was against expectations are basically flat. Industrial production came in at 5.6% year-on-year against expected 5.1. These were both for the month of August so exceeded expectations. Industrial output rebounding due to fiscal stimulus and surprisingly strong exports. As I said overnight I did support some of the local indices Hangsang was higher but also it's worth noting that the Aussie dollar was a little bit firmer so a little bit of crossover generally the Aussie acting as a proxy for economic health in China so that data no doubt probably would have helped but also from Australia you had the RBA minutes and where the Australian central bank said the appreciation of the currency was consistent with higher commodity prices particularly iron ore and they said that there was no or effectively there from the minutes there was no sign of additional policy moves were imminent so no addition or no indication that additional monetary measures are imminent in itself then it's just not feeding into this overall dovish narrative that Mark has been so comfortable with over this kind of recovery a pandemic era that we're in so that in itself being translated into more hawkish reaction in combination with the Chinese data so the Aussies a little bit firmer this morning and we're training up about 34 pips and we're above the R2 in the futures at least for the Aussie this morning on the back of these various different developments. Just going back to the China front obviously these data sets have been pretty decent and as you can see here it just kind of further confirms an economic recovery that's taking place in China as their economy continues to start to further reopening and become more back to where we were back at the beginning of the year prior to the entire situation starting to unfold. A couple of other things to be aware of though and this was one headline and this is an update on the US-China kind of trade situation the Trump administration on Monday shelved plans for a broad import ban on cotton and tomato products from China's Xinjiang region while announcing narrower bans on products from five specific entities. Two people familiar with the Trump administration's internal deliberations said that concerns about the broad orders and their effect on supply chains were raised by officials and China has also agreed to buy increased quantities of US cotton under the phase one of the pre-agreed trade deal and that could be put at risk by US ban on imports. So if you think about what's happened a couple of things here three things really you've got improving economic data happening domestically in China you've got a little bit of reversal from the White House on the potential broad import ban on cotton from a certain area in China and also some hopes of improved relations between Beijing and Washington following signs of a deal on the future for the Chinese app TikTok as well which we've seen with Microsoft and Oracle kind of fighting over that so all of this has led to the Chinese currency hitting its highest level in more than a year overnight and worth keeping in mind then obviously we do monitor the kind of the tension between those two nations is a definable kind of sentiment gauge overall is one of the biggest macro risks generally on a day-to-day basis and at the moment things are relatively I wouldn't say positive but just not negative if that makes sense and that's probably what's helping a little bit of this just ability through a lack of other fundamental catalysts for equity markets just to kind of revert back to course following that correction that we've seen of late. Final things to mention AstraZeneca they have come out and basically said their COVID-19 vaccine trial remains on hold at least till next week in the US as regulators examined the serious side effects suffered by a patient in the UK which we know of now I don't think this is particularly that important all it's basically saying is that in the US while their regulators examine the side effects this is on hold till the week so it's not exactly a super long delay I don't think and I think market prices really tell you what you need to know in terms of any reaction in their price in aftermarket none really and also in terms of the way stock futures are reacting I think the the world's moved on now from where we were in the middle of last week when we saw that initial dip on the actual breaking of the news so a further delay of a couple of days I don't think really moves the needle that much in terms of market expectations about the overall outcome of these stage three clinical trials and then the final thing was Hurricane Sally Shell Chevron Murphy oil other producers have begin shutting in some US Gulf offshore crude and natural natural gas output while at least one refinery temporarily closed its plant ahead of Hurricane Sally it's expected to make landfall on the Mississippi Alabama border late today early tomorrow federal regulators said as of yesterday that 21.4% of the Gulf's oil production was now shut in thus far with around 25.3% of natural gas has been stopped at this price present point in time just given the extremely dangerous and life-threatening storm surge that is expected however I would I would note that the NHC did update about 15 minutes ago for me starting this recording and they did report the hurricane Sally had slightly weakened hurricane force winds and flash flooding though likely along portions of the northern Gulf Coast later oil in itself again with this type of thing I mean we're right in the kind of the hotspot area now as you can see from these graphics and the fact that oil is fairly comfortable with the situation I think really says it all so obviously these weather patterns can be quite erratic can change quite quickly so it's definitely worth being vigilant and monitoring but at this point I don't really see too much of a real big reaction today necessarily happening WTI crude as we can kick off oil prices okay and then just a quick look at the calendar what else have we got today we've just had the UK data out the kind of average earnings in ILO unemployment rate in terms of the average earnings numbers x bonus 0.2% versus expected minus 0.2 the ILO unemployment rate 4.1 in line with expectation expectations of 4.1 so if anything perhaps a touch higher on the earnings side but overall very muted impact seen in the British pound I think that's to be expected from this type of economic data anything pertaining to jobs and pay I think really markets will be a little bit tentative of drawing too many conclusions ahead of what is such a critical period which is October when we're going to see potentially another wave of people being laid off given the expiration of the furlough scheme at the moment adopted by the UK government so I don't think that that data is too much to look at I think more so what's happened overnight if you look at the currency markets is the dollar has resumed quite an aggressive downward trend and we've actually broken the low of yesterday in the Dixie we trained at 90 to 80 or so at the moment so we're down around a quarter percent in the dollar and I'd say that's just generally buoying those major pairs and you're a dollar obviously out performing a little bit because of the additional headwind that sterling is receiving from the ongoing Brexit headlines otherwise moving on you get the German ZEW numbers coming out at 10 o'clock expected to remain relatively steady for the month September from where we're in August so ZEW being the measurement of analysts and economists expectation about the current and six months outlook for the German economy can't really say there's too much really difference between what they're going to have heard or seen in August to what we've had in September going off the general macroeconomic environment at the moment so I wouldn't look for too much reaction out of that then we're going to the afternoon and a couple of interesting US metrics coming out the Empire manufacturing from the States for September you've got US industrial production cap utilization manufacturing production import price index so a couple of interesting data points coming out 130 and 215 London time okay well that is it don't forget to like and subscribe to the channel if you haven't already done so myself and the team will be covering the FMC in full live tomorrow night all you got to do is subscribe hit that bell icon and you'll be notified as soon as we begin otherwise that have a great day any questions just drop a comment happy to help okay guys take care


Good afternoon. Welcome to the anchoring trust in East Asia's new regionalism plenary session. My name is Murat Sanmez. I'm a member of the managing board of the World Economic Forum responsible for our engagement with the business community. Joining me on stage this afternoon are the co-chairs of the World Economic Forum on East Asia 2015. Hans Paul Birkner, chairman of the Boston Consulting Group, John Riadi, executive director of LIPA Group Indonesia, Badi Gunadi Sadikin, chief executive officer of Bank Mandiri, Indonesia, William Lacey Swing, director general international organization for migration Geneva, and Teresita Sikoson, vice chairperson SM Investment Corporation Philippines. So welcome again. Prior to joining the World Economic Forum, I spent 25 years in Silicon Valley where optimism is a fuel of innovation. I can tell you that I'm very encouraged by the same sense of optimism that I saw in the last 48 hours of open, forward-looking and solution-oriented discussions between policy makers, businesses, civil society, and international organizations. I now would like to turn to our co-chairs to reflect on the meeting and share their perspective with a key takeaway. John, why don't we start with you? But before we get going with your comments, on behalf of all of us here, I'd like to congratulate you on your marriage, a big congratulations from all of us. If you can share your thoughts in a few minutes with us, John, please. Well, thank you very much for the congratulations, Murad. I wanted to wanted you to know that I arrived from my honeymoon at 3.40 p.m. on Sunday afternoon. We appreciate your time for a haircut and then directly to the forum. I also cut my honeymoon short because the forum moved their dates up. I know we owe your wife big time. But nevertheless, it's an honor to be here with you. I'd like to commend the World Economic Forum for allowing Indonesia the opportunity to serve as host of the East Asia meeting this year. I think the forum's decision to allow Indonesia to host the forum speaks a lot about Indonesia's relevance. We heard President Jokowi speak yesterday of the optimism that he has of the country and of the region. And I think this confirms the belief that on all the major global challenges that our world is facing today, whether it's economically, politically, technologically, environmentally, on food security, Indonesia has a lot to contribute. It's got a lot of relevance. It's got to a lot to share. But I think the decision of the forum to host this meeting in Indonesia goes beyond Indonesia's importance. I think it speaks to the importance of the region. This is the East Asia meeting of the World Economic Forum. But over the last, I think, six to seven years, every year, it's been hosted by an ASEAN country. So I think the decision of the forum to host it in Indonesia speaks as much about its confidence in Indonesia as much as it does about the confidence of the region. So I think that's just wonderful. I would also like to commend the forum on its decision, on its choice this year to focus on the issue of trust. When my grandfather, he's 86 now, when he first dreamt about getting into banking and becoming a banker, and he told his father that he wanted to get into banking, his father sort of chastised him and said, you know, you have no money. How are you going to be a banker? His response at that time was that he believed that banking is not about the lending and borrowing of money, but rather the trading of trust. Banking was about trust and it's not about money. And I think the forum, the meeting this week has allowed us an opportunity to reflect on that. And I think that's really what business is about. Until today, whether it's through the hospitals that we operate, through the schools that we manage, through the retail operations that we're able to be a part of, it's still trust that we're sort of selling and having that connection with the people. And I think what's important here is that I think over the last decades or years that people have sort of lost trust in the ability of markets and business to create wealth and to fairly allocate opportunities. So I think it is important for business to reflect on its role and the role that it can play in society. But I think this is important not only for business. I think no matter who we are, whether it's in government, whether it's in education, whether it's in media or NGO, this provides us with an important time to reflect on the idea of stewardship, how we can be better stewards of what we've been given and how we can all rethink what we're doing and better structure our institutions to reflect the realities of our world today. So for those reasons, I wanted to thank the World Economic Forum for giving us the opportunity to reflect on these issues. There are many challenges, but I think we live in a world that's extremely exciting. And if we can get things right, I think the opportunities are endless. Thank you, Marat. Thank you, Jan. Tessie, switching over to you. What are your thoughts from Philippines and also from a regional perspective? In these two days, I can see the increase of awareness and also the upbeat on the Asian economic community. Although there are a lot of things that we still have to do beside the tariff, I think that there is an understanding of the freer movement of human capital, specifically the skill worker and professionals. And a lot of people share my sentiment on this area, and I'm quite happy about it. So I'm glad that Indonesia and also the web have provided us a venue to express what we think about the freer movement of the human capital. And I'd like to mention also that in the past few years, before Philippines is in the investment map, when they speak about Southeast Asia, it's usually Singapore, Indonesia and Malaysia. And I'd like to tell you that the Philippines wants to also be actively participating in this area. And it's not only the other countries where Thailand and Myanmar and Vietnam, Cambodia and Laos. Philippines is very much interested to participate in the ASEAN integration. Well, we look forward to that. Hans Paul, you're the fact checker of this group. And you had highlighted a couple of points in the opening press conference as well. So what are the key takeaways that you would like us to part with from here? Yeah, I must say I was indeed very impressed and also encouraged that, of course, President Jokowi, but also ministers from Indonesia, from the Philippines, from Malaysia, from Thailand, from Cambodia, from Vietnam. I think they all expressed the desire to make this work, to open up movement of talent, of course, but also be willing to open up their markets for competition, to create a level playing field. And while, of course, there are lots of still obstacles on the way, and I'm sure not everything will be as easy as, you know, being put in words, but I think it is indeed encouraging to see that there is a great willingness to engage, to make this work, and to fill the words with action. And so I think one of the key elements, of course, for the Asian economic community is to move forward, to really create a level playing field, a much bigger market. And I think then to really to fulfill its promise to its people, the more than 600 million people to really grow the pie significantly over the coming years. And I think if that's working out, we will see massive investments, additional investments into the region from all over the world. Thank you, Hans Paul. Ambassador Swing, the movement of people, your area of focus as IOM. Thank you very much. I'm really grateful for this forum. I'm very excited about what I've heard and seen and what I've listened to. I'll go back with a much better sense of what's happening in this very dynamic area here. I'm grateful, particularly to our Indonesian host here, who's been wonderful. Sorry about that. That's all right. Sorry. John will answer it. I apologize. I should have left it. I should have left it. Corporation. Yeah. But I wanted I wanted just to make three points. First of all, I think that it's quite clear that with the very exciting regional integration that is taking place here, that human mobility or migration in its classical term will be greatly increased and expedited as a result of that. Now, having said that, the second thing is we need to look on it both as a challenge and an opportunity. And I think with the right policies, we can make it make it work well. We need to do a number of very simple things. One is we need to begin a program of public education and information and awareness raising that mobility is great. It's really a great asset to us here. We have a lot of talent in the area and we need to get beyond the stereotypes and fears that we've had about people coming in to our countries or our people going to other countries and the fact of the differences and so on to realize that these are these are great assets for us. Now, if we do that, well, this can be we need to do something about the recruitment agencies to make sure that they are legal and not corrupt, that their people are being recruited under the right circumstances. We need to do something about lowering the cost of remittance transfers. Above all else, we need to ensure greater physical security. Too many people are dying along the migratory route. We're very much seized with the fact that 1,600 people have died in the Mediterranean since the 1st of January, so we need to deal with that. Final point is very simply to say what I've repeated before. Large scale migration is inevitable given the demography and the disasters and the job demand. Secondly, it's highly necessary if we're going to do the jobs that need to be done, have the skills available and be able to have flourishing economies. And finally, it's highly desirable if we have the right policies. So let me once again formulate my thesis, which is that essentially migration is not a problem to be solved, it is a reality to be managed. Thank you. Okay, and we've seen that sadly in Europe in the last couple of days as well. And that highlights the importance of policy and physical security. Pavoudi, I'd like to come to you as our co-host. What are your thoughts? And if you can summarize the sentiment and the opportunities ahead, please. First, I would like to share my experience last night because my boss, the coordinating minister of economy, after the meeting with the vice president came to see me and say, by the way, that young Philip Rosler is from WEF, right, Boudi? Yes, he had a very nice blue shirt batik. So for you that you don't know, Philip Rosler is the managing director of VEF. And he is wearing a batik yesterday. And my boss mentioned that he's wearing a beautiful batik. So I feel guilty. So today I'm wearing a batik, you know. You look as good if not better than Philip. I'm not as slim as Philip and I'm not as tall as Philip. But at least, Philip, I try to represent Indonesia. And thank you. I'm also wearing blue because I just want to recognize that the color of WEF is also blue. We appreciate that. Thank you. We appreciate that. World Economic Forum that I like is because it is informal versus formal. It is not about presenting and listening, but it is about two ways, communications. And it is not only about signing a formal agreement, but it is developing trust mutually among the attendance of World Economic Forum. I just went to four events, including two in Davos, one in the Philippines and one in Indonesia. I feel at home already. And I think I strongly believe that we can get things done and deliver impact faster if we do have a mutual trust that we develop through these meetings. Because you can easily meet with the executive, with the bosses, leaders, not only government, but also business leaders, social, entrepreneurial leaders and also art and cultural leaders in World Economic Forum. So I strongly believe and thanks to World Economic Forum that you have done and choose Indonesia to do this event. I really thank you and also for all the audience to come to Indonesia. The second one is about Indonesia itself. In next, until 2030, 50 million Indonesian will enter middle class. That will give you ample opportunity to do business here. You can do business in health, socially, or you want to do business in food and beverage. You do any kind of business in Indonesia. 50 million is above the population of South Korea. It's slightly below the population of Thailand. So there are a lot of ample of opportunity. We have some difficulties. Indonesia always has difficulties, especially financially. But as I mentioned during my first panel, the good things about Indonesia when things are bad, we make good policies. Of course, when things are good, usually we make bad policies. But that's why we always need something, you know, a downturn for Indonesian leaders to make good policy. But I'm optimist. If you're talking about optimism, you're talking about the future. And I want to give you a real example of Indonesia and the future. I'm 50 years old. John is 30 years old. I'm shorter, he's taller. You know, I work as a banker. He's an entrepreneur. Of course I have enough money, but he's definitely richer. Right? But that's for just about one year. But the most important thing, I'm Indonesian at present, and he is Indonesian for the future. So be optimist about Indonesia. Thank you. Thank you very much. But as a World Economic Forum, the International Institution for Public-Private Cooperation, we share the same sense of optimism with the realization of the challenges ahead and our responsibility as a global community to take action. I stopped a few of the participants and I said, what do you think? And the common response was, it all sounds great, but is it going to be mostly talk or will we take action? And I think it's time to take action as well. And on that note, I wanted to highlight four initiatives that we focused on as the World Economic Forum here in Indonesia. The first one is Grow Asia. Today we officially launched the Grow Asia initiative in partnership with the ASEAN Secretariat. We had over 170 leaders from ASEAN governments, global and local private sector, farmer associations, civil society, donors and international organizations who came together to commit to developing agriculture in ASEAN. They committed to reaching 10 million smallholder farmers and helping them improve their productivity, profitability and environmental sustainability by 20% by 2020. And we will report progress on each of the East Asia meetings in the coming years. The second one is the Strategic Infrastructure as outlined by President Jokowi in his speech. We had over 40 leaders from international and domestic business community who met with senior government leaders of Indonesia on improving public-private cooperation and accelerating the implementation of Indonesia's infrastructure plans. The World Economic Forum and Asian Development Bank have committed to work together with the government of Indonesia on deepening this cooperation. Financial inclusion, as we talked about, is key. 490 million adults in East Asia and the Pacific are unbanked, accounting for nearly 25% of the global total. Public-private collaboration is the only way to reduce that number. The Forum's Financial Inclusion Initiative launched its first partnership here in Indonesia a year ago with plans to expand to another East Asia country in the coming year. And we did it in collaboration with the International Finance Cooperation, OJ Kao, and Bank Mandiri. And finally, healthy population is key to sustainable growth. We are, as the World Economic Forum, focusing on non-communicable diseases and CDs in short. And its impact on the economy of Indonesia to address the challenge. And CDs are diseases such as cardiovascular, cancers, chronic respiratory diseases, and diabetes. And CDs kill 38 million people each year. Unlike the conventional wisdom, almost three-quarters of NCD, that's 28 million, occur in low and middle income countries, a devastating blow to economic ambitions of these countries. Going forward, our discussions here will help shape our health program on a global level at the Forum, and we will bring together experts from all stakeholders and identify the challenges, possible solutions, and bring it back to the regions that we're actively engaged in to move towards a healthier Indonesia and Asia. To achieve these goals, building and maintaining trust between and among the businesses, governments, and citizens across East Asia and around the globe is essential. Trust, as Philip said in his opening remarks, is the glue that will be holding the societies together. And we're very encouraged by the open discussions that took place in this forum. As we're closing the World Economic Forum on East Asia in 2015, I'd like to extend our thanks to our hosts, government of Indonesia, to our co-chairs, to more than 700 participants and leaders from 40 countries for your active engagement in these key issues in 60 sessions. We had 100 CEOs and chairpersons from the forum partners and members. We had heads of states and ministers, 150 journalists from national, regional, international news media, and more than 3 million people who followed us through the online platform, through the social platforms, and also the live streams. And finally, I'd like to extend our thanks to our colleagues at the World Economic Forum and our partners for having put this event together. I now would like to invite my colleague, Philip Rosler, along with Minister Musafa, Minister of International Trade and Industry of Malaysia, to make the final remarks and announce the location for our next East Asia Summit. Yes, so thank you, Murad. Only three issues. First, announcement. Second, a tiny ceremony. And third, official closing. So the announcement is not accidentally that we have here Minister Mohammed Mustafa, the Minister for International Relations and Industry in Malaysia. So I'm happy to announce that under the leadership of our founder and chairman, Professor Schwab, the managing board has decided that our next East Asia Summit, it will be a Jubilee, our 25th East Asia Summit, will take place in Malaysia. The second item is the ceremony. As you know, it's a good tradition that the current host state will hand over the originally Swiss bell cow to the incoming host state representative. So I would like to ask John, and good-looking Baboudi, to hand over this original bell to Minister Baboudi. Usually we keep the bell until the next summit, but if you like it, you can have it until the next year. So ladies and gentlemen, again, thank you very much for your participation, but in particular for your deep engagement and friendship with the World Economic Forum. And now, even it's a little bit sad, that's the official closing of our East Asia Summit 2015 here in Jakarta under the same anchoring trust in East Asia's new regionalism. Thank you very much, and the East Asia Summit is closed.


Hi everyone, Sean with jaspyscasebreaks.com here doing 2020 Panini contenders baseball four box pick your team break number 13 Where we're also giving away $700 in break credit So the way that it works How to be entered into the $700 break credit giveaway buy two or more teams in this break get entered to win if the wind teams And that doesn't count because it's all straight up So no max entries buy two teams get one entry four teams two entries six teams three entries Etc. If you only buy one team you will not be entered top seven win a hundred dollars in break credit each No veteran common ship one auto per pack six packs per box So six autos per box Nice stuff in here lots of prospects. It's a big name too. So here are Didn't even have it on the thing There's the title page Everything I just said right there. I'm writing Now it's on video. So here's our list mark nation last-bought mojo Tampa Bay rays Maybe we find him a wander Franco for his last-bought mojo. We've got four box break So we got to figure out which box we're gonna do left side right side left is gonna be one two or three on the dice Right, it's gonna be four five or six Standard dice not weighted Shooter shoot to five Go with boxes on the right these four will be four pick your team 14, which is in the store now go get your spots and Same thing applies $700 break credit giveaway.  Good luck.  This is a veteran base, but We'll go all the way to then there's these so right before the auto. There's three purple cards. All of these will ship so Newman Bell and Acuna and Our auto is Austin Wells One second actually you got to open up this checklist for ourselves Austin Wells catcher From University of Arizona And we've got it Troll F Austin Wells Austin Wells New York Yankees that is that a Is that a David Wells? Thank you, Oliver. Is that a David Wells relation at all? It would be fitting, right? It's not like it's a very uncommon name Ozzy Albee's to 149 Atlanta Oliver Soria that Yankees auto Ben Presley. That's for you that Austin Wells and Matthew Thompson prospect auto Chicago White Sox David Larson Jordan for the Astros Ben Presley Sammy Siani. I Think seventh overall pick not this draft the last draft Pittsburgh Pirates Robert Primrose Spencer Torkelson Detroit Tigers Jason Siebert On these ones that don't have a team associated on the card. We're actually going to tag them like this It's in the top loader, but outside of the penny sleeve so that Cards not affected and that it goes to the right team Tyler Sotterstrom Draft pick ticket auto That is Oakland Athletics and that's going to Jorge. Thank you Evan White prospect auto Seattle Mariners Does that not say Seattle? Seattle Mariners Corey Coat good prospect auto too Doesn't say it on the front but on the back here And last one box one Dishon Knowles Los Angeles Angels That is Robert Primrose Jason Dominguez New York Yankees Ben Presley Dishon No, which one are you talking about this one the auto is that what you were asking over I mean that'd be pretty cool though As an angels fan what I want Beyonce to go to wait. That's Beyonce's brother. No, it's not you're lying Is it really over? That's what you do me by Beyonce's brother.  That's not funny. I believe you for a second there. I Like that'd be so cool. Let's see. I'm gonna see Beyonce and Jay-Z Blue Ivy at Gaines. I do have a a painting of Jay-Z in my house. So It's a nice icebreaker with him if I ever meet him, I guess, right? He'd totally want to be friends, right? Marcus Simeon to 149 Oakland Jorge and Matt Mervis Chicago Cubs Jason Sievert Nick Nydert Miami Marlins That's going to Robert primrose Zach Gallin rookie draft auto 55 out of 75 Arizona timebacks Raymond de Jesus very nice we were talking about him last night and He's gonna be really good Yonathan Daza rookie auto Colorado Rockies Oliver Soria Logan Webb rookie auto Draft ticket to 99 San Francisco Giants Corey Coat looks like we got a retro Which are usually good names it is Jordan Yamamoto and it's a diamond ticket out of 15 Miami Marlins Robert primrose There you go. Very nice card. Hmm. How do you feel Rex? I feel like let's see Do you think you do you think if they do a trade they're gonna go straight prospect you think they're gonna get me big league? Younger younger is right now Tyler glass now draft ticket Tampa Bay to 149 Mark Nation last spot mojo and Matt Mervis again for the Cubs Jason Siebert Jevon Ward For the Milwaukee Brewers Robert primrose Cade Cavalli Draft pick ticket auto that is for the Washington Nationals Raymond de Jesus Zach vene That's a good one out of 99. I believe Rockies double check Yeah, Colorado Rockies Oliver Soria there you go Oliver Start fresh young don't have a lot of cash to pay big players. Yeah. Yeah pick number nine. I knew he's very high Mile-high get it Rockies, Colorado And they were the first state to legalize You know it's a multi on tondra It works I promise and Debbie grilan rookie ticket auto Philadelphia Phillies Raymond de Jesus. Whoa. Whoa. Whoa. I Don't mind. I don't mind the Rockies at all Well, I mean Oliver. It's definitely not it's 1118. So it's no matter where it is in the world It's not that time because even if the time zones change the hours change not the minutes also Those five is those it's five o'clock somewhere signs. They lie. They're liars and Jared Kelly Draft ticket auto to 99 That is for the White Sox David Larson there you go David and you're done For the Astros and Ben Presley Luckily, Colorado is a pretty easy-going place. I mean listen, there's Rocky fans Beautiful place to live though. They don't want more people from California though. They say we're ruining it Yeah, please cool. Great stadium. Does anybody know why their mascot is a triceratops? Love me some bichette Just a fun name to say to anybody last chance Triceratops Eat your own a 99 Seattle Cory Cote and Nico Horner Rookie ticket out of Chicago Cubs Jason Siebert So the reason their mascot is Triceratops is because when they were tearing the they were digging up the dinosaur. I Mean they were when they were digging up for the stadium And the building it they actually uncovered an entire triceratops fossil and they decided to make that part of their Their team history, I think it was at least one if not multiple So that's why they their mascot is a triceratops Pretty cool. They obviously stopped construction Excavated the entire area and then I believe it's in a history museum Somewhere in Colorado you lived there at the time Oliver, and you don't remember that come on Terrible Davy grew long Diamond ticket 13 out of 15 Phillies Raymond de Jesus When I was there last year I Tried to convince the girlfriend to let me buy a triceratops stuffed animal Is that gallon draft ticket auto to 99 again for the dime of X Raymond de Jesus She she vetoed that option Still think about that every day Mike trout to 99 for the Angels Robert primrose And King Wong rookie roundup Giants, Cory Cote. Is his name Dinger Oliver?   Have you tried it and last auto? Good luck everybody And then we're gonna give away seven hundred dollars and break credit. That should be fun Advert all delay rookie auto Chicago Cubs Jason Siebert Keen Wah burger is not what you're supposed to be having has seen pure stud Baltimore second overall pick David Larson He's pretty good. There you go There's our break now Let's give away some money So that's the list we were going off of for the non team names So we're gonna copy and paste the customer list all 30 names Right here Actually, no, we need to figure out Glad I caught that Almost was dumb copy and paste it here alphabetize it to find out how many people had multiple teams So Ben with two gets you one Cory one David three Two of them will get you one Jason with four Gets to Jorge gets one Oliver gets two Ray one Raymond To And Robert There you go Seven spots hundred dollars each 14 spots total so half of those spots get a hundred dollars and break credit So there you go dice roll top seven after two and one three times One two and third and final time congratulations Raymond de Jesus Robert from Rose David Larson Jason cyber Jason cyber Ray Hughes and jay Raymond de Jesus You seven have earned yourself $100 and break credit. There you go Top seven I'm Sean jassby's case breaks calm that was 2020 Pennington tenders baseball four box break pick your team over 13 Jassby's case breaks calm. I'm Sean. Thanks for hanging out and I'll see you next time