annabelle: you've got the old and new economy.and renewables, are they the ones you want to look at or do you want to go to names that are cheaper? hao: they are cheap for a reason so unless you see a strong catalyst, that can shore up sales numbers, but it would be difficult to change direction. if you look at sectors that are doing well, technology has been doing well and since the low point, the tech sector is around 20% before the correction. despite the doom and gloom, there is a bull market in some sectors. paul: this is something li qiang was talking about, downplaying concerns and challenges facing china since those problems -- not as serious as people think. what are your thoughts? hao: it is quite serious in the sense that inventory is building up and a major source of revenue is falling. the situation is serious, but one has to understand that right now the value add to gdp growth is less than manufacturing. manufacturing is good, but many sectors we discussed are good. the property mess will take years to sort through.

annabelle: i'm annabelle droulers.e are counting down to asia's major trading opens and the stop -- top stories this hour. a positive move as wall street heads its 15th record high of the year. investors are awaiting jay powell's report to congress for dates on the fed rate outlook. haidi: ahead opec-plus extending its supply cutbacks until midyear amid soaring production from rivals and uncertainty over chinese demand. stephen: in beijing, one of china's most important gatherings of the year is about to begin with leaders set to unveil their targets and strategies, perhaps policies, for road -- reviving the economy. annabelle: kicking of the week with breaking data out of korea this morning. we have industrial output numbers dropping but coming in better than expected over the course of january. output of more than 12% or 13% on the year passing estimate were 10%. also industrial output is falling, still and a contraction down 1.3%. the estimate had been .9%. the headline reading, the year on your number is certainly

annabelle: what about your product strategy?changes, are certain products more favorable now? lee: reservice the long-term protection of customers in asia, and we develop new and conference of solutions for our customers. with middle-class customers, we are much more resilient in terms of spending on services and insurance, as well, and develop products and of the markets that we operate. we operate in 18 markets across asia. annabelle: which products are you focusing on the most for the india segment? there was a really big revenue generated for you. lee: india is a very exciting market for us. we have grown our business very strong. and i think we can value that new business and india at 37%, and over a time of eight years, we do have number 18 in the market to now at number three in market share and with private life insurance in india. the product we sell is mainly protection based, providing a comprehensive cover to indian consumers. in india, we have eight market challenge strategy, our premier agency in india is very dist

annabelle: that was albert park, chief economist.ou can get a roundup of the stories you need to go to get your day going into day going in today's edition of daybreak. terminal subscribers go to dayb. customize your settings so you only get news on the industries and assets that you care about. this is bloomberg. ♪ haidi: you are watching "bloomberg daybreak: australia." vladimir putin is secured another six years as a question or winning more than 87% of some order with half of the votes counted. this 71-year-old will extend his quarter century of rule into a fifth term with the troops on the offensive in ukraine. three other parties offered no serious competition in a tightly controlled election. india has announced general elections will be held over six weeks from april 19. the election commission says a second phase will be completed on june 4. prime minister modi is bidding for a third term in office. prime minister benjamin netanyahu says israel's military will begin operations in the southern city of rafah within weeks.

annabelle: the top stories, a cautious start after u.s. stocks erased gains in a final half-hour of trading. haidi: economists expecting a slight uptick. annabelle: we are live to baltimore for the latest on the bridge disaster that has halted shipping at a major u.s. port. want to start our show with at this morning. the baltimore bridge collapse, we start by acknowledging what could be a human loss of life. we know the search is ongoing for six construction workers that were on the bridge at the time of the incident. we do have a reporter on the ground and we will get to her in just a moment. the possible commercial implications given this is connected to one of the busiest ports on the u.s. east coast. let's get more with our abc news reporter there in baltimore. give us a sense of what is happening on the ground and the latest there. >> people are just holding their breath right, this has been going on for 17 plus hours, search-and-rescue crews are still at it, still trying to find those missing people. eight people total fell into the

annabelle: that was u.s.ttorney general merrick garland on the antitrust case against apple and the firm is facing investigations in europe. you can see the drop in apple shares, erasing 113 billion dollars in market value. for more, let's bring in anna edgerton. this is something you reported what happened earlier this week. a lawsuit five years in the making. what stood out to you in terms of size and scope? >> one thing to note about the complaint is the narrative they tried to craft in telling the story about apple's conduct the justice department alleges harm to consumers. what is notable is how they have taken big swings at u.s. companies, especially in the tech industry, but how they are also sticking to the fundamentals of antitrust law. they are alleging consumers were hurt by having less choices on higher prices and it is causing antitrust law so we will be interesting to see how the sides visit their case in court and how this works out ultimately. haidi: apple's response is interesting, appealing

annabelle: our top stories this hour. asian markets get a week lead-in from wall street on fears the s&p 500 rally went too far, too fast. traders also letting a key u.s. inflation rating this week will remain uncomfortably high. haidi: dramatic shakeup at boeing with top executives departing. annabelle: new zealand joins the u.s. and the u.k. in accusing china of targeting democratic institutions. haidi: and it's looking like a cautious start to trading as we get underway here in asia. the asx 200 looking like a bit of downside after we did see a rally yesterday, being led by the likes of estate and mining shares, offering some support as we did see those broader losses across the asia-pacific region. a little bit of softness as we come online, about .10% lower or aussie stocks. we did see quite a bit of action when it comes to haven courtesies -- currencies, declining levels of volatility, quite a moment when it comes to emerging market currencies as well. switching out the board to look at the setup for japan, the unit

annabelle: annabelle: how much volatility do you think they want to inject here?: maybe it is already done at this moment, because they want to allow the yuan to fluctuate more around 7.02 level. but cny fixing at 7.1 is a pretty important signal because according to the 2% trading rules, it means they would allow the onshore yuan and the cny they want to see a trading at the 7.24 level. as long as they keep the cny fixing at this level, it will not allow much fluctuation. on the offshore market, they are tolerating more fluctuation in the market because it may not incur so much on their own corporate businesses. haidi: the downward pull of the yuan and a couple of years past has been a dragging factor for regional ndm currencies. at this point you see the yuan is the biggest driver, or the dollar? ken: i think the fed remains the most important factor because even asian central banks, they are really concerned with the fed's rate cut cycle this year. we saw the fed -- they tried to just keep their currency stable. and will not stop the rate -- start the rate cut

annabelle: u.s.ttorney general merrick garland on the justice department's antitrust case against apple. apple trades are trading, downside about 4%. some pretty major numbers wiped off in market value in reaction to this but also it is facing allegations and investigations in the european market as well. we saw that the client. we are seeing some of that pass through when it comes to the supplier is trading in as well. annabelle: the firm is facing investigations in europe. a big focus here on apple and big tech generally. let's bring in our executive editor for asia technology. this is something we have been reporting on over the course of the week, the doj lawsuit. there has been a lot of focus and attention paid to the narrative that the doj is creating versus apple. peter: that is right. what we got today is the formal announcement from the justice department and 16 attorneys general that they are suing apple accusing the company of violating antitrust laws because of how they prevent access to

annabelle: absolutely. seen so much agitation for the boj to shift its policy settings as sunak next week --as soon as next week. we have seen the yen strength coming through. it has been higher for four straight weeks against the greenback. today fairly steady, but still trading around the 147 mark.

annabelle: homin lee there. we are taking a look at the broader landscape for equities today, subtly in positive territory but there are a couple of different sectors standing out and one of those is what we see in the tech space. these are different names linked to micron, micron issuing a profit forecast just after the bell today and we are seeing the stocks soaring today. essentially revenue forecast for the quarter, up to $6.8 billion, compared to the estimate of $5.99 billion. we've seen micron surging more than 15% in late trade. haidi: we will have more details on the micron earnings, the ceo says the company has become one of the biggest beneficiaries of the ai boom. this is bloomberg. ♪ wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's w

annabelle: i am annabelle droulers in hong kong. we are counting down to asia's major trading opens. the top stories, bond traders cautiously reload wages on rate cuts with the fed and global peers looking set to begin reducing borrowing costs as soon june. the chinese premier downplaying concerns about debt and property risks as officials front lawn positive economic news to support markets. plus we assess the impact on the financial sector of the boj's first rate hike in 17 years amid questions about leaks under governor ueda. paul: all right. we have just opened for trade in australia so let's take a look at how we are doing. modestly positive at the moment but of course we have the staggered it is hard to get a beat on how we are going. new zealand has been trading for a little while. currently a little softer to the tune of about .1%. suggesting we are setting up for a softer open. in australia we will get cpi numbers for the month of february. consumer confidence and retail sales as well. it will be a holiday shortened week. l

annabelle: 4:15 p.m. in tokyo is when we get the results of the union group negotiations around japanese salaries and what that means finally for the boj meeting next week. haidi: individually we all care about pay increases but i wonder, has there ever been so scrutiny over a collective set of data on wage increases? but yes, that will have deep ramifications for signaling what we expect out of the bank of japan. the other side of the equation is the fed. arguably that has potentially more impact. annabelle: that's right. perhaps the bigger driver could be what jay powell will be doing next week, what signaling we get from that press conference pretty but this is what we are seeing for japanese markets as they come online. . japanese yen holding fairly steady. we saw that knee-jerk reaction overnight and we had local immediate reporting they would exit away from negative policy settings next week the focus on those union group negotiations. nomura saying the wage hike is likely to be around the 5.1% rang

annabelle: absolutely. we have just seen so much agitation for the boj to shift its policy settings as sunak next week --as soon as next week. we have seen the yen strength coming through. it has been higher for four straight weeks against the greenback. today fairly steady, but still trading around the 147 mark. really something that has been weighing on equities over the course of this week. we saw it heating japan stocks broadly but tech feeling the brunt of it. today we are actually moving a little high. it is a reflection of the other theme we are tracking today. the u.s. inflation print a little hotter than expected but not too hot to really shock markets. we saw stocks on wall street climbing to fresh records. so that is positivity coming into the session. but as we said, a lot of unions in japan will be reporting on wage or pay deals this week, and wednesday will be the heaviest day or amongst the heaviest day for announcements before we get that first tally being reached and reported on on friday.

annabelle: that was stephen engle.e have the greatest bloomberg markets live poll survey still suggesting a lot of investors are concerned about china's economic and financial problems despite beijing targeting the growth of around 5% for the course of this year. the poll also found 30% of respondents do not have any exposure to china whatsoever with another 20% planning to pull back over the coming 12 months. here is what some of our guests have been saying about the problems facing the world's second-biggest economy. >> our view is one should not invest in china. >> i do not think it is an investable per se. >> declines will continue to play. >> be very careful if you are investing in china. >> we think the economy will continue to slow down for the next 10 years. >> the biggest risk is policy may become complacency. >> it is not clear with the overall general direction of the overall general direction of policy will be long-term. >> china has passed the stage where they want to throw a lot of money and build a lot o

annabelle: what are the implications of that then?obviously, the move is to improve access, improve global investor access to the yuan which could drive more inflows in the future and pave the way for korean bonds and equities to be added to global indexes, index providers like the ftse russell and msci, which the government has said could bring in tens of billions of dollars into the market. still, there are a lot of hurdles left. the government, the offshore trading of the yuan will continue to be banned, and foreign investors will have to trade through authorized brokers in korea, which will make it easier for the government to monitor these transactions, and it will take some time -- they could take some time for traders in the mdf market to shift to set up new process to trade the onshore yuan, so implication may be small at first. generally speaking, markets have been telling me that it would be a positive move. haidi: let's take a quick look at how markets are faring. we are 30 minutes into trade for korea and japan this mornin

annabelle: we have the u.s. futures coming online, taking a look at the s&p 500 in particular here, the level he talked about in the session overnight a closing at the historic 5200 mark. it has been a series of record highs for u.s. equities over the course of this year, really being led continued by the magnificent seven and again it was not the nasdaq, the heavy index which rose two point 2%. investors breathing a sigh of relief given we got the continuity around the expectations for fed because over the course of this year. treasuries, we saw a rise in those and we are continuing to track those. particularly the reaction in bonds. want notes are a little higher, one of the key commodities we tracked was spot gold and we saw that rising to 2000 an ounce for the first time and it is down to what the fed chair jerome powell said around the expectation for rate cuts. spot gold actually has been up more than 10% so far this year. as we said the focus very much on the meeting, we got from jerome powell under press

annabelle: which ones are you focusing on building?es: first of all for us, we sell across 50 different apartments. we think about luxury categories, cars, jewelry, watches, collectibles. we have handbags. we have an exclusive arrangement with the national basketball association to sell game-worn collectibles. there is demand for that here in asia. as we see convergence of taste among art, luxury and lifestyle. annabelle: expanding sotheby's through a listing, would you be exploring an ipo? would you be looking to sell all or part of the company? charles: there is no plan to sell the company or any ipo. we are happy as a private company. we have a strong shareholder who is passionate and committed to the business and that is a real benefit and source of strength for us. that is not something we are evaluating now. who knows what the future holds but it is not in the plans currently. haidi: i was wondering if you could give us an indication in terms of how much confidence there is for buyers and sellers in terms of private transactions?

annabelle: republican voters in 15 u.s. states expected to back donald trump over nikki haley in a super tuesday primary. let's kick it off with breaking data coming out of south korea. we had those inflation numbers dropping. at the headline level, you are seeing higher levels than what economist had been predicting. the estimate had been for 3%. higher food prices. you saw a rising retail price. the dynamic playing into the numbers. when you strip it out, you take away food. you take away energy. the core reading. you saw a gain of 2.5%. that was in line with what the estimate was shared unchanged from the month prior. the disinflation trend does appear to be in tact in korea. our bloomberg economics team saying the be ok likely to stay on hold until mid 2024. that has been a central bank we have been watching closely in this region. haidi: it is looking like a soggy start to trading in this part of the world. there is general consensus when it comes to japan we are getting a of ourselves. let's get you to the start of tr

annabelle: christy tan thank you. china is set to announce is 2024 growth target and outline its strategy for supporting a slowing economy at the country's top annual political gathering this week. our chief north agent correspondent stephen engle joins us live from beijing. we know it will be around 5% perhaps. still it means we need to see a lot more supportive policies coming through. stephen: yeah. are we going to see a lot of supportive policies coming through? i think they will talk a good game. obviously over the next 10 days or so of the national people's congress that begins tomorrow and probably runs through about the 11th. we don't have the final date yet. of course today is also the cppc the national advisory to the people's conference. that's why we are here previewing this. as of the last guest rightfully said, the world, really, and, investors are looking at china to see what kind of forceful measures might come out of this two sessions to stimulate and restore confidence. i agree with the guest bed sai

annabelle: annabelle: what about what we see for cars and light trucks which also is important for europeane, how easy is it for them to make adjustments? rahul: rahul: certainly it will have an impact, but the supply chains are agile, so they will be able to divert ships, they will look at the port of savannah, port of new york and new jersey and so on. if you look at the slightly longer term timeframe, they will be able to do basically -- observe the impact we're seeing right now from the port of baltimore. annabelle: in terms of other supply chain disruptions that we are monitoring what are you most focused on at the moment? is it still what we see in the red sea? rahul: yes, that, for us, is still a big one. we're calling it essentially. the weaponization of global shipping to appoint. we have to understand that the houthis have disrupted close to 50% of trade through the suez canal and the red sea. container shipping traffic has been rerouted. you see what is happening with the tanker markets. for us, it is a concern that this could be a template for future conflicts, may be in the str

annabelle: would it mean the target is secure?eek we have had a lot of japanese eco-points out, and they have been mixed. factory output, there was a plunge on the month. a tight labor market. what is the sense of japan and a technical recession? there is a lot to decipher. >> definitely. the recession was something we thought was a surprise. no one thought gdp would shrink for a second quarter at the end of last year, however since that time, ueda has set a couple of times that nothing has changed in terms of his assessment of the economy, he still believes the gradual economic recovery will continue and gain momentum. basically he is saying some of the bad stuff we have seen will not change the game plan for the boj at least in terms of the negative interest rate. it could affect what happens after the end of negative interest rates. if you thought they would hike again before the end of the year, maybe they won't do that. it is clear after the end of the negative interest rate policy settings will remain accommodative. and if t

annabelle: i'm annabelle droulers in hong kong. we are coming down to asia's major trading opens. tech giants leading a stock rebound on wall street. ai in the spotlight with apple in talks to build googles gemini engine into the iphone and nvidia unveiling its new processes. haidi: the rba is in focus with investors watching tuesday's decision for any sign of a softening in hawkish bias. >> i'm stephen engle outside the bank of japan headquarters in tokyo. it is a momentous day with reports the central bank is poised to end the yield curve control and etf buying as hiking its key rate for the first time in 17 years. haidi: it is a busy day when it comes to the central bank docket. the bank of japan with steve in tokyo. also watching the rba decision. this is the picture as we start out the staggered start to trading. we are seeing the asx 200 a 10th of 1%. we did co strike a stocks. gaining higher financials and banks led the part of the gain. modest gains. a 10th of 1%. a lot of caution as we did see the rebound in financial stocks. expecting the rba to hold rates at the 12 year

annabelle: i'm annabelle droulers in tokyo. we are coming down to asia's major trading opens and the top stories. traders await jay powell's congressional testimony and the u.s. jobs report. elon musk using the world's richest person crown to jeff bezos as tesla slumps. paul: also ahead, -- haidi: also ahead, the supreme court puts an end to attempts to keep donald trump off state ballots. >> i'm stephen engle in snowy beijing for the opening of the national people's congress. an openin -- a warning not to invest in china underscores the leaders. haidi: we have breaking news to kick off the hour. south korea gdp numbers coming through on the bloomberg. we are seeing when it comes to the revised fourth quarter number, the preliminary number when it comes to seasonally adjusted quarter on quarter coming in line with expectations. 6/10 of 1% higher. the year on year number in line with expectations. the annual gdp for 2023 at 1.4 percent. all of those readings are in line with expectations. we did see the preliminary numbers showi

make more of what's yours. ♪ annabelle: the biggest day so far in the u.s.ction calendar with millions of americans choosing their preferred candidate. on spring in jodi schneider. it seems like we will set up for the november rematch that no one even want between joe biden and donald trump. super tuesday not as super. >> a lot of people think it was more super when they had more choices but joe biden is going to sweep a victory and on the republican side, we expect nikki haley may win one or perhaps two if very lucky. 870 four delegates are up for grabs. 36% of the number you need to get the republican nomination. trump is on his way. he will not get there tonight, but he could come very close. a lot of people are saying it feels like a general election even though it is only march. these men are expected to do very well and the question for nikki haley is will she stay in the race and why? she is not holding a public party to watch results tonight. just a small gathering with staffers. haidi: one next for nikki haley? pollsters are saying if she does well

annabelle,... i would not say a woman spurned. don't _ be. annabelle,...don't go there. revenge is _ woman spurned. don't go there. revenge is best _ woman spurned. don't go there. revenge is best served - woman spurned. don't go there. revenge is best served cold. - woman spurned. don't go there. | revenge is best served cold. the more she stays in this race the more she attacks donald trump the more she attacks donald trump the more she draws attention within the moderate independent side of the republican party to the floors of the former president. i republican party to the floors of the former president.— the former president. i have to disa . ree the former president. i have to disagree with _ the former president. i have to disagree with ian _ the former president. i have to disagree with ian but _ the former president. i have to disagree with ian but i - the former president. i have to disagree with ian but i doubt i the former president. i have to i disagree with ian but i doubt that haley will walk away. there is no normal path to power but the t

annabelle: great insights. that was michael wilson. let's shift to china because president xi jinping made his pitch to a group of u.s. ceo's to invest in the country. he met with executives in beijing including blackstone and qualcomm's. >> the respective successes of china and the u.s. are opportunities for each other. as long as both sides regard each other as partners, respect each other, live in peace and cooperate for a win-win result, china u.s. relations will become better. annabelle: for more, our correspondent stephen engle joins us live where china is hosting an economic forum. it seemed like xi came into the meeting with a message that china is open for business. how do you think it rears -- how do you think it was really received by the business community given all the concerns? stephen: the fact those business leaders were in china for the china development forum, some of whom have since come down here as we wrap up tomorrow, that is because they want to get a clear message from china and there is no better way than to ge

annabelle: what about equities in the u.s.? you said you thought a soft landing was unlikely and it is now coming to fruition and we have changing expectations and around rate hikes and fewer rate cut priced positive for 2024 but then you have nvidia for instance announcing a new processor or chip overnight that could spell gains in tech. >> absolutely and again reflecting on what we started i suppose we are getting to the end of the corner anyways is there are two things that drove the market higher and presented this big contradiction in the equity rally is that markets were simultaneously pricing in resilient growth and company earnings but at the same time pricing fairly significant rate cuts which indicate a much weaker economic environment in the year ahead or so and it would seem we are getting that kind of economic growth but markets are pricing out the rate cuts and equities have been surprisingly resilient despite that. i think the core concern going into the fed is policymakers and pop -- and market participants have

this is bloomberg. ♪ annabelle: you are watching "daybreak: asia."some of the bitcoin blinged stocks. the moves appear to be to the upside. watching bitcoin prices. we are above 2000 for the first time ever. let's bring in our asian finance reporter. i think that is the big question. we have had such a big run-up in prices. there is an event ahead. what are we expecting -- some sort of correction or further gains? >> you are right on the triggers that have led to the higher numbers. it is a relentless rally. if we take a closer look we can understand that leverage is high. the so-called big investors of bitcoin have not yet come in completely fully to the rally. they are sitting on the sidelines of the rally. that means there could be some kind of correction or cap in the gains we are seeing on bitcoin. of course, the momentum is strong and also microstrategy has been impacting bitcoin. these demand led factors are pushing up prices but the big wheels are likely to profit big and once again the leveraged positions become too costly. people will have

annabelle: that was michael heath.the other geopolitical stories we are tracking this morning, and australia, they will scrap import tariffs on a wide good of consumer goods in july. the government says almost 500 of what it calls nuisance tariffs will be abolished on goods including washing machines, toothbrushes, and pens. it estimates companies will save almost $20 million u.s. a year in compliance costs. india has signed a free-trade pact with four european countries. the deal with non-eu countries including switzerland and norway has been 16 years in the making. india gets private sector investment commitments in return for the european securing easy access to indian markets and products. the biden administration is said to be weighing sanctions on several chinese tech companies including a chipmaker. sources say the commerce department is considering adding see xmt and five other chinese firms to the so-called entity lists, which restricts company access to u.s. technology. cxmt competes with the likes of microso

annabelle: can you elaborate on the positive signals? anything else come out of the mpc that made you optimistic? >> for the overall economy we see there is more fiscal support from the central government. unsure long-term government bond targeting long-term infrastructure spending. for the local government it seems data remains high but it will be shifted towards the central government and for emerging industries they have unconditional support from the governments and banks and capital market so that is a positive sign to bolster some growth in the manufacturing industry in china but beyond that, to restore consumer confidence i would say it is a long-term plan. the government has to do more to make sure people higher income in the future. haidi: we have heard from economic officials around this and some have frank brown the -- front rhonda the economic data -- front run the economic data. what does that signal to you? >> the trade data i have no doubt it will improve. many projects have started and domestic market in the spring looks

annabelle: that was our metals and mining reporter paul allen hunt.is about china's slowing economy and that is starting to bite for the middle class. last year domestic p&l production plunged to half of what it was just four years ago. and as stephen engle found out, many of china's shoppers are now choosing leisure over luxury. stephen: the 2010 chinese movie pno in a factory depicts just how much a piano was an aspirational goal of chinese households in the early 1990's. today, piano stores across china look like this, devoid of customers. once a status symbol to own, domestic p&l production last year plunged to half of what it was just four years ago. the central government desperately wants -- >> we will practice frugality and reject extravagance. stephen: the average chinese middle-class consumer can be a big spender. but we also know that households are feeling the pinch from a slowing economy, exacerbated by falling home prices and a stock market rout. now, after the mall era so feel -- chinese households became big savers. right now with the

annabelle: there is the boj and then there is the fed. do you think the inflation data we have had recently, ppi, cbi coming in hotter than expected, do you think that tells us maybe we will get a slightly different message from jay powell this week on rates? >> i think he is going to want to keep things on a fairly even keel. but we are focused on is the recent employment numbers, which came through last friday, or friday before, where they had my numbers were pretty decent. he also had the unemployment rate pickup and average hourly earnings tick down to 0.16% for the month. while the annualized rate did not come down, the month on month, there was some kind of softening, and to the extent that you are seeing wage pressures in the u.s. on the bit of a back burner, you probably have some room for the fed do eventually talk rates down, but we do not expect too much out of the meeting in march. heading into the next meeting in june is when you would have some expectation for them to provide direction in terms of which what they are going t

annabelle: bloomberg's sally in new york. bloomberg's big take.peaking to people involved in apple's failed electric car project, trying to figure out what went wrong when one of its most ambitious and costly investments came to a halt. that's bring in mark gurman in san francisco. -- let's bring in mark gurman from san francisco. it did not come as a surprise to people in the industry. not to u.s. well, someone who has tracked it for so long, but so many years in the making. was it really just a story of indecision here? mark: this was absolutely a story of indecision. have to implement technology. and really the realities of the current market which is short on profit margins and long on complexities or certainly, this was a difficult exercise. it took a decade for apple to come to this realization that maybe they should not be getting into the car business. if you read my story, and i highly encourage you to be that of -- to do so, there is so much detail about what the car was supposed to look like, how it would function, what features it woul

annabelle: 4:15 p.m.s when we get the results of the union group negotiations around japanese salaries and what that means finally for the boj meeting next week. haidi: individually we all care about pay increases but i wonder, has there ever been so scrutiny over a collective set of data on wage increases? but yes, that will have deep ramifications for signaling what we expect out of the bank of japan. the other side of the equation is the fed. arguably that has potentially more impact. annabelle: that's right. perhaps the bigger driver could be what jay powell will be doing next week, what signaling we get from that press conference pretty but this is what we are seeing for japanese markets as they come

data will be able to use that would be for the family to be part of the way that if you get out of st. annabelle long's e. so you go, go to level and be more around the people. yes, all the things that the us let's i comes i figured, you know, some land there for me is hall. i'm or can see and they ask him those on demand thing and that, you know, is that's coming in the us. but those are, there's so that i was in the comment was laid out of this kind of sent me a woman thinking in the area. nice, it was almost looks to me most leave it is. i live on, somebody asked, i mean the momentum i moved to chicago, the name of joe certainly been there. let's close a way of seals began security. i believe the again, i will not fix the hopefully you need to look into the the deals. not only are we and i really need to move it so that the amount of the bill to navigate really we go because you know, a course that we love a me, this is ebony those so yes is a good way to get there for you. go by the beginning because i think it's only a better team. is it fair because everybody meet the? no no. we can move o

data will be able to be that would be for the family to be on the way that if you, you get out of st. annabelle long's e. so you go, go to a level and be more around the g e as all the other things that this, this, that comes on there for, for me as hall. i'm or coffee and ask him is on the matter that you know, does that go to some others but those is there's a so that was kind of the comments of later on. this can result funny thing. well man, thank you again. the nice it was on the slopes. i mean let's leave it on saturday. you guys don't let me see that? i'm moving to chicago. the name of the schools, the way the seals began to me. i believe the weekend i will not fix the whole point. if you need to look into the details of how we operate, isn't bills. normally we don't really need the model. it towed the amount of the bill to the yelling. we go because, you know, a course that we love a, it's the media does it when it goes well, yeah, it does. a good way to get did for you to the end. does that it is only a better team. is it fair because i never really meet the no not a week ago moved on

on the panel tonight: annabel denham — deputy comment editor at the telegraph.sident biden has announced that the us is to begin humanitarian air drops in gaza, including supplies of food. earlier, the foreign secretary, lord cameron, said there must be an urgent investigation into how more than a hundred palestinians were killed while waiting for an aid delivery yesterday. the armed wing of hamas has claimed that seven hostages who've been held in gaza have died as a result of israeli bombardment. the statement can not be independently verified.

annabelle: it is pretty muted so far in the session today when you look at the gmm function, you cane's not too much movement coming through the bond space. currencies are fairly quiet so far. even when you take a look at equities, it's fairly range-bound. we are sitting fairly flat so far, but trading volumes for most markets are below the 20-day moving averages as well. china is the only one standing up with a bit more trading activity coming through, and there are some specific sectors we are focusing on in particular. you can see what is standing out is that outsize move we have so we are

annabelle: really excited for this event that will be kicking off in 15 minutes.tay glued to your screen. let's bring in one of those speakers. that's john corrin. you're going to be speaking about the future landscape for what's happening in china's credit market. you know a lot about this market so let's just kick it off with the present day. what are we seeing? and where are we at in the credit cycle? >> it's been a relatively quiet couple of years in china. mostly because the interest rates in u.s. dollars have been much higher than the interest rates. as a result of that, their focus has been recently on rememby loans. that will change as the rates come down this year. one of the developments that i think we're going to see a lot of is the off-shore rememby market. that's going to take off later on the year. and a lot of hong kong borrowing will take to that market. >> i want to get into the details of that one. who are the sort of issuers and who will take up those loans? >> at the moment there's about $240 billion of issue wants in the loan market in china,

on the panel tonight: annabel denham — deputy comment editor at the telegraph.nd the president & founder of the eurasia group, ian bremmer. first — the latest bbc news. president biden has announced that the us is to begin humanitarian air drops in gaza, including supplies of food. earlier, the foreign secretary, lord cameron, said there must be an urgent investigation into how more than a hundred palestinians were killed while waiting for an aid delivery yesterday. the armed wing of hamas has claimed that seven hostages who've been held in gaza have died as a result of israeli bombardment. the statement can not be independently verified. the qassem brigades named three of the hostages and said it would name the other four later. the prime minister has warned that the uk's democracy is being targeted by extremists. in a speech outside downing street, rishi sunak also warned that george galloway�*s by—election win in rochdale was "beyond alarming", as he accused the new mp of dismissing the hamas attacks on israel last october. president putin's most outspoken cr

the lady you can just see is annabelle tiffon who's just arrived, bbc north west's political editor,turning officer that we're all used to seeing on an election night and by—election night, of course. alsojoining us and by—election night, of course. also joining us throughout the night is the polling expertjoe twyman from deltapoll. joe, i wanted to pick up on that issue that richard tice made — concerns about the safety, as we go forward. this is an issue at the moment for the political parties, isn't it? yes, this was raised during the recent debate on gaza which attracted so much attention for the speaker and, attracted so much attention for the speakerand, of attracted so much attention for the speaker and, of course, this comes in the aftermath of two mps being murdered within recent memory. and so the safety of all our elected representatives, and candidates, will be extremely important and continue to be extremely important in the run—up to the election this year or very early next year. do you think there was a sense the public — and i was at one of the by—elections up in wel

. >> annabelle munoz, abc seven news.m the winners to the red carpet to the local connections, find your oscars recap at abc seven news.com. >> kate middleton is apologizing for a royal photo fail. this was the picture kensington palace shared yesterday to honor mother's day in the u.k, as several news agencies pulled the photo after initially publishing it, citing concerns it may have been manipulated and doctored. today, kate says she is the one who edited it and posted an apology that, like many amateur photographers, she sometimes experiments with editing images and she's sorry for causing confusion. >> even a little bit of wet weather is with us tonight, sandhya shows you how it will affect tomorrow morni a super thin, flexible patch with maximum otc strength lidocaine that contours to the body to relieve pain right where it hurts. and did we mention, it really, really sticks? salonpas, it's good medicine. business. and it's not a nine-to-fively, proposition.? it's all day and into the night. it's all the things that

they're afraid they're the clouds are going to prevent them from annabelle. see it. >> 10% chance.that you'll be able to see it here in the cleveland area because of the weather. yeah, because of the clouds, most of my family and friends like we're crazy. but those are people that have never seen it. >> it's apparently pretty incredible. and it's a very rare saying to be able to see. so a lot of people you know, we have to does decide where am i thinking? no clouds. april 8. >> john, that's way too early predict april 8th. we don't know. you know, i saw the was in wyoming knife like a desert practically compared to cleveland. but yeah, april 8, that's a little get there when we get right now. i'm still looking at just like we were over the weekend, which is look at this. i'm actually super impressing some these. i am. how much work has been done? clearing out roads, clearing a parking lots. this is incline village right here. you can see the stormy looking lake, but they really got things cleared out. you can actually see some of the street lines there. so this is great news, but n

this is annabelle haris, a resident of norfolk in the english countryside.r and a half, i can’t wait that long, now she’s already in pain at the airport, her husband is accompanying her to the operation in the former soviet republic , she will have a joint replacement in a lithuanian clinic, her roommate is from london, in a private clinic such an operation costs 17.00 pounds, flight operation in lithuania is half the price. last year , 80% of patients here were from foggy albion. this year the plan with... is 700 patients and the percentage of patients from the uk is about the same, about 80%. this man told the sun newspaper how he drove to ukraine, in a city under martial law , it turned out to be easier to get to the dentist. an abscess appeared under my jaw, they told me a huge amount for treatment, so i decided to go to the dentist in kiev, where i lived and worked before, my friends said that i was crazy, they would definitely understand richard’s decision , these people, there’s a queue... .. several kilometers lined up to the new dentist's office in

and annabelle says belinda is so correct . we'll just leave it. correct. we'll just leave it. be glenda. no, she says, with the double standards between men and women at the moment, thank you for speaking up protecting us women. up and for protecting us women. karen theatres are karen says theatres are a british culture. this is nothing to do with race relations and more to do with british culture and of benjamin did start his remarks with that, but then he veered somewhat off track. but now time for our next now it's time for our next debate. up next, it is indeed beunda debate. up next, it is indeed belinda deluise. >> bbc likes to sell itself >> the bbc likes to sell itself as the beacon of truth telling and the slayer of fake news, and yet sacrificing truth on the altar of their woke agenda has become the norm. having rejected complaints over their false reporting that a double rapist was a woman, this week , the bbc was a woman, this week, the bbc upheld a complaint against one of its journalists, justin webb, for saying trans women were male, an actual fact . oh, the mal

d p r. annabel, i'd like to know the people political party who just for the new people far isn't. i did not know what the final outcome and you're gonna know cigna. but who would the kitchen, like once all with subtracting for the cables and that is some kind of novelty people, these are all the way it's looking for it to some changes, some filters hooked up through the transformations. so the result that was a complex, especially since these are kind of shows in the video for the people i, i know the liter somebody's party. well, the 1st of all, i see the focus of me is looking for the newsletter. we established favorable conditions for some of the business development efforts to put in your, in their campaigns, being the one cool familiar as they choose. uh, mr. john calls and he is colleagues to explain how can you find, well, no, no, i didn't know what exactly they said, but you know, we're old with our idea of the g is to verify activity since 1st of all, in what just wanted to establishing conditions, fluid battery conditions before that or for infant premier, real activitie