rishaad: it is monday the sixth of april and this is "trending business." we are going to be live in tokyo and singapore and beijing with a look at what we are watching this morning. profit predictions, samsung expecting a jump. $5 billion. we will see which parts of the empire are performing the best. isrt is looking for -- sharp

looking for a state backed investment funds to spin off the lcd business. singhy's prime minister -- mongolia's prime minister seeing an agreement being reached in principle. follow me on twitter. markets closed that this part of the world today, let's find out who is trading. reporter: the big story is the u.s. jobs coming out, well below .ven the worst estimates anything below 200,000 is slow in this economy. john: the question is will they raise rates? we are getting predictions from september and those that are now off. the markets are closed on good friday in the u.s.. futures are declining.

you can see from this that markets are open, nikkei in japan is marginally lower. we are coming off of a low. is higher, taiwan is closed, australia is closed obviously. hong kong and china close. , with thethe markets interaction on wednesday for hong kong, also closed tomorrow for all strata. also the rba, the central bank may cut rates to a record low 2% even though the property market is a quite high -- is high. yen, you can see the yen reaction to the u.s. jobs, it has been quite muted. japan, a final glance and you thatuickly this chart

shows you the end, a lot of red although it is unchanged. more details. shares up in seoul, handily beating. m/samsung sun beating earnings and investors are enthusiastic on a south korean report. they are out with a report that the first quarter operating profit may top 5%, rising more than 5%, according to the korean economic daily newspaper. this would be above what the analysts are expecting in the quarterin the comparison first quarter drew the fourth quarter of last year and analysts are estimating a more than 3% gain. in operating profit. that would take it to 5.6 trillion, more than $5 billion.

the larger picture, the takeaway is that samsung's fortune is improving and of the s six model is doing well. applea key challenger to as it cams out with the latest iphone. samsung has also other lines like the semiconductors and the overall mobile business is powering ahead. the us six, take analysts are not calling it a game changer 6,t it could be the thing -- s analysts are not calling it a game changer but it could be the thing to beat apple. rishaad: we will have a more detailed look at the story during the program. tweet us your thoughts. having a good time in early inde, looking to get help

spinning off the lcd business. there is rosalind shoo-in. -- rosalind chin. rosalind: jumping up in the open and continuing to make gains, looking for help to spin off the liquid crystal display business and they are looking for help innovating network company of japan. it is a government-backed investment fund and they are asking about a hundred $30 million in investments from them to spin off -- $830 million in investment from them to spin all. they say that it will be easier and faster to make decisions and keep an eye on the business as a whole. that business has been struggling for some time so they have been in talks but they have foundered and are reconsidering whether to continue the talks as well. is considering all options

but has not yet made a decision. rishaad: some of the other stories we are watching, here is yvonne. yvonne: talking about mongolia, the prime minister going on a media frenzy. the message he wants to get across, without foreign investment mongolia goes nowhere. the household 3 million people to text him the answer to the question do you want austerity or prosperity? he is hoping to start a national discussion in the area. a lot of tension between the local on goalie ends and investors have been built up. projects such as the mine controlled by rio tinto. both sides have reached an agreement and they expect an official announcement soon. mongolia was known as the fastest growing economy at a

7.3% growth rate with billions of dollars flowing into mining companies but now the company is expected to grow three percent this year. investment fell 88%. moving on to sri lanka because facing a owned carrier criminal investigation after .llegations of corruption the board is appointed by the new government and it made a new recommendation after looking at a $2.3 billion upgrade of the fleet under the previous administration and the new panel found shocking evidence of gross abuse of power. of dollars, major security breaches, falsified documents. they also found that the airline has tried to hush up flying mishaps and recruited unqualified staff. to government is looking prosecute those who authorized the misappropriation of public

finances. "the fast and the furious seven,. -- seven," it said in april of $143.6 million, the biggest opening for 2015 and the ninth largest in the film history. i did go watch it over the weekend and it is pretty great. the biggest in the franchise so $90 million, likely to be the most profitable. cars skydiving out of a plane. it is set to release in china later this month. universal completed the film in paul walkerts star who died in a car crash during the filming. there were questions over whether to continue shooting the

film and with the help of his brothers as stand-in's with special effects. world reserves are now's freaking -- now shrinking. later in the program, spring has sprung. economic data is feeling the effects of winter. will be talking to jason ambrose about that later on but coming up next, is the bank of japan on the right track? skepticism and alternative policies that could be in place when "trending business" returns. ♪

rishaad: the bank of japan starts a two day meeting tomorrow, expected to maintain the stimulus program. the governor is optimistic about

reaching the 2% inflation target. the next guest has been an official and says they should scrap the target. he is an economic professor at tokyo university. abenomics will take more time, we are told will it or have they got it all wrong -- told will take more time. will it or do they have it all wrong. it is away from the boj target. they're ensuring that something is going wrong and some people have already started to say but it is almost impossible to achieve the target and the boj should avoid, should give up achieving the target. however, i am not that much pessimistic about it and i do believe that the boj should achieve the target and they can do that in some way. rishaad: even if they do achieve

the target, does it mean that everything else in the japanese will fallob -- jigsaw into place? watanabe: let me put it like this. if you look back at the inflation will rate before -- inflation rate before qe started, it was 5% in march 2013 before the qe started. however, when inflation started inincrease after that, 1.5%, april 2014, i think there was a big improvement in the consumption inflation rate. i think this was mainly due to qe. in this case i think qe was effective in stopping the inflation. rishaad: ok but will it be

effective looking ahead? how much more money can you pump into the system? you just raise asset prices but you raise the right asset prices? watanabe: qe was supposed to work through two channels and the first one is portfolio ballots. balance. the bank of japan provided money to the banking system and started lending increases the multinational funds. -- two multinational funds. i do not think it was as effective at. printing money was not effective at all. however the second channel which is sometimes called the signaling channel was a success i think. throughnnel was people's expectations in the sense that the governor and the

boj officials said that they ,ould continue monetary easing then people started to change inflation expectations and they would change their behavior. this channel works very well even in japan. do you see the need for more of this qqe because many people are calling for it? i do not think we need to print more money to the market, that is not what we need to do. what we need to do is have a more clear message from the government to the people. ok, well, the message from shadow of his office -- office,be a's

we have seen modest increases, will it be enough? watanabe: wage inflation is the key variable at this moment. i think boj should put more emphasis on wage inflation than price inflation. which inflation and price inflation are two sides of the same coin. however people's reaction in this country are quite different. according to the survey, the consumer survey we conducted last month, about 70% of people say that they are expecting that prices will increase in the future over the next couple of years. at the same time they say that this is not a good policy and the boj not achieved 2% inflation rate. afraid that are their income will not increase inflationd even then itself is a very bad thing is if

you reduce the real wages, i think, the boj's message was not so clear and they are sending the wrong message to consumers. i think this is what the boj should seriously think about when they do more additional monetary stimulus. quickly, looking in the immediate to long-term, talking this time next year, where will inflation be and where will be? -- will growth be? watanabe: right now we are suffering from the increase is suffering from the oil price decline. -- and suffering from the oil price decline. over the next several months, inflation data will continue to decline. over the medium-term, the inflation data will start to increase again so probably in the next two years, it is highly pi will be very c

close to the target. rishaad: thank you very much indeed. pi will be very reporter: tracking stories making headlines around the world, iran says it will be able to resume the enrichment program if the rest falls out of a deal. angie: the foreign minister told state tv that the outline reached is not binding and so the final deal was reached by june 30. the also said that the final agreement would nullify u.n. resolutions against iran and lead to the lifting of sanctions. rebels in yemen are gaining city despite port 11 days of saudi led airstrikes. formed a coalition after they took the capital. russia has asked the un security council to order a pause in the campaign to allow civilians out

and medical supplies in. scientists have fired up the world's biggest atom smasher for the first time in two years, hoping for a glimpse of dark matter thought to make up most of the universe. the large hadron collider has doubled power after it more than $150 million upgrade. played a role in the discovery of the elusive higgs boson particles. rishaad: falling interest rates and a state-sponsored building boom. after the break, indonesian property stocks become attractive. ♪

rishaad: indonesia is the hottest property stock market with games out passing -- gao of thepacing the rest world. let's get to his haslinda amin. his is a bubble waiting to burst? -- is this a bubble waiting to burst or is this not one? some say the boom is just getting started. for one there is a strong demand for property, a rapid rate of urbanization, strong demand for property stock. you take a look at the

recommendations, indonesian developers have the worlds highest average ratings. they are among the favorites. they have propped up the property index, soaring 20% in 12 months, double the gains for the jakarta composite index benchmark. more is coming. overng for a gain of 14% the next year. there is still room to rally, not too late to get in, you can still make money. rishaad: what is driving the boom? where is the demand coming from? haslinda: it is coming from everywhere, external and domestic. from singapore's sovereign wealth fund to indonesia's own buying agency they are more and more properties in jakarta's business districts and --ordable housing for income

low income workers. the president is aiming for 7% gdp and to get there he is boosting spending. spending is boosting demand for property stocks. thanks for that, haslinda amin joining us from singapore. let's talk about the latest smartphones, having a look at that. massage sophisticated chairs. there is something for everybody tomb sweeping day. yvonne: we are marking the festival, known as the tomb sweeping season. this is when families come together to pay respects to ancestors. the offerings, in the form of paper money like this which is burned kind of like a wire afterlifeto the

but it indonesia we like to get creative. i will show you the popular ones including the gadgets. edge phone.s6 this will cost you $10. how about an imac laptop if you want to play your games and surf the net? if your feet are uncomfortable how about a massager as well? let's go straight to the food, the milk powder, the dim sum, the spring rolls, the suckling --, and you can parrot with pair it with booze. we even have the multimillion dollar home you have always dreamed of. if that is not enough, how about the dollhouse version? come closer and you can see that it is fully furnished. >> you can get gw loyal helpers

-- two loyal helpers. that may seem pricey for paper but with every piece made .y hand, detail is key some even take months to make. old to make sure that those who passed on or well fed and -- all just to make sure those who have passed on our well fed and wealthy. rishaad: on the other side of the horizon, challenges facing migrant workers in asia. today,ing in hong kong it is easter monday, but we are back in two. ♪

rishaad: top stories trending this hour, samsung with a of 5%.of the surges profit up 5% from the previous quarter, comfortably. sharp up in early trade, shares jumping after news it will seek help from a government-backed investment fund as a part of the upper to spin off the lcd business. they are pledging drastic reform

and a new management plan. toshiba shares all the way down, following the most in four years after the issue of accounting problems. setting up an internal committee to investigate the reasonability of estimates derived using certain accounting methods. let's see what else is going on. john: the chinese and hong kong opening, they are closed for the , the nikkei open low with the u.s. jobs. markets closed in the u.s. and europe but the figure was below estimates, 126,000 for the month of march, the most pessimistic forecast. that is the figure we wake up to in asia and japan by 1%. --y have recovered a losses

.he losses the obvious market to watch out for, south korea. it is quite it is quiet out there. you is closed, taiwan is closed, thailand is closed. hong kong is shot. -- shut. japan and korea. looking at the market in japan, the nikkei with the dollar , meeting a strong yen. industrial stocks are down and the financials are falling as well but overall engineering and consumer subsidies seeing a decline. volumes are low, industrial goods as well as construction falling 1.2%. a major decline -- the major decliners today.

these are exporters, and a strong yen makes them less good. on the: samsung shares way up on the reports that the first quarter, they will beat expectations. we are just getting reports, no confirmation, we will get that hopefully on tuesday. zeb: 24 hours from now we will have a better sense of the turnaround if that is the case. analysts forecast a 2.3% increase in operating profit and there is a report in the career and economic daily newspaper that samsung may have handily beaten that, surpassed $5 billion of operating profit by 5%. that is a quarter on quarter increased that is being quoted and that is leading to the

massive increase. samsung has had a difficult run competing against apple. rishaad: squeezed. doing well, not visit with analysts or tech geeks but it is with consumers. that product is a direct challenge to apple. combined with the semiconductor business and the tv business and the other elements of the mobile strategy, samsung is poised to do well. rishaad: you mentioned apple and these two have been having this thing in the courts. this could save apple company about a half billion dollars. zeb: this is interesting after the california jury awarded apple in the previous case. sampling and apple have been fighting all around the world over patent -- samsung and apple have been fighting all around the world over patent disputes and this might give them the bank account -- settlement back in the bank account because

samsung is being sued in the u.s. involving u.s. regulators. apple was told to pay 535 million by a jury in february. that jury said that the itunes service infringed tackle tough patents owned by a texas patents -- infringed owned by a texas licensing company. them to takelling a closer look on if the patents should have been issued properly. if they have not been issued properly be thrown out and samsung would be spared as well. rishaad: thank you for making that absolutely clear. [laughter] zeb: still awake. rishaad: let's have a reaction to that on social media. reporter: we are going to confuse you more because there has been a reaction to the patent verdict. samsung coming to the rescue of

samsung. a lot of people talking about the irony, some saying it is one of the most unusual legal twists in recent memory. yvonne: one user saying strange bedfellows again. a lot of people talking about how peculiar of this really is. words you never expect to read, samsung penned review request could actually help apple. and then, phantom was announced as the new cpu supplier for the next iphone so burying the hatchet. back to you. rishaad: for more on that story download the bloomberg plus at your mobile -- app to your mobile. nikon stories, posting better numbers than expected last week with a profit of $310 million.

up 40% from the previous year. ahead of some of the analyst calculations. shares in tokyo on the way down .25%. toshiba seeing the biggest fall in three years. worldwide. it demands an investigation into accounting problems. shares down 9% as they open up, the worst since july 2012. theare questioning reasonableness of estimates using the percentage of completion method for construction products. the effect on earnings has yet to be determined. expect chinese ipos in april. they are approving 30 new offerings with the composite training at highs. christine is watching this in beijing for us. what is the story here? ofistine: yet more evidence

these. fever in shinar, we are seeing ipos increasing every month. february, a bit lower. 26 in march and the in april. a lot of companies looking to -- 13 in april. a lot of companies looking to raise cash in the bullish environment. the shenzhen index has been up 56%. of the ipos improved, 11 in shanghai. 17 for smaller companies, 30 companies raising 2.9 billion dollars in total. if you need more evidence of how hot the market is in china, we raise over 10irst billion yuan with a 15 day period. rishaad: how much money is being

locked up in these offerings? that is what we want to get to the nub of. quite a lot, investors have an online lottery system. there are -- it is expected to raise about $440 billion of cash frozen in subscriptions according to a bloomberg poll. also that will come back into circulation april 17 so there may be major moves around that time. most analysts say that the uptrend will continue if we do see fluctuations as the cash comes back into the market. rishaad: christine, thanks a lot for that. christine in beijing. talk about the millions of people from this part of the world traveling abroad to earn a living,olitically -- clinically calls to bring them back may raise a few points but then reality bites, they might

not be able to afford to keep them at home. david: they keep their heads down and work, usually barely noticed. but margaret workers mixing stick. the role they play is vital -- migrant workers make things t ick. the role they play is vital home and abroad. shanghai and singapore, their own citizens see better prospects elsewhere. >> finding a job is quite hard, especially if you are not educated. >> i came here for work to help my family also. sistersore brothers and in school. >> the biggest struggle for me is leaving my baby back home. but i have to to be here for her. david: it is estimated 6.5 million indonesians work

overseas. they are called oki, indonesian pki, indonesian labor, and it'd percent of them are domestic labor. millionhilippines, 10.5 are estimated to be laboring w,erseas and are known as of overseas filipino workers. monthly remittances have gone from $78 million in 1989 to over $2 billion this year. that is every single month. and that is just part of the wave of money making its way back on shore. >> they are extremely important to these countries. from the individual perspective they send money home to support

their families for consumption essentials and from a national perspective it is highly important especially for the philippines where it makes up 10%. in vietnam it is 5%. this plugs a whole. -- hole. david: these human exports, for lack of a better way to describe them, provide an economic boost but for a huge social cost. as for every person that leaves a family is left behind. it is common for people to look around for a better option but the equation changes completely when the number goes from a few hundred to a few million. david inglis, bloomberg hong kong. up next, we are checking the outlook for hong kong and chinese shares. the next guest is a lush. -- is bullish.

reporter: there are stories making headlines around the world. information from the german shows thatrecorder the copilot increased speed before the plane hit the ground. agency the investigation says that initial inspection supports the theory that he crashed the plane intentionally. -- puty he put the plane the plate into a descent and raised the air spring -- airspeed. the philippines have sustained major damage in a weather system, pictures show a typhoon approaching land but it weekend from a tropical storm before crossed -- crossing the coast. the philippines civil defense say they have no reports of casualties. they warned that it could cause flash flooding. that it could cause flash flooding. china has begun testing a new rail system. network thatfrom a

will ultimately lead shanghai with the southern province. it will become operational in june or july with trains expected to exceed 350 kilometers per hour. the next guest says that the u.s. economy has yet to shrug off the winter chill with economics data remaining flat. dependent research had and has been advising clients for over 20 years. he is in singapore. jason, thank you for joining us. according to you, the doctor that -- dollar rally is on the last legs. is it fundamentals or has it been too far? jason: i think it comes down to expectations. it is very crowded and has been crowded for the last few months.

when it comes down to expectations it is important, which are you looking at? from our perspective it is the currencies that we are most interested in. rishaad: which ones? jason: looking at the current friday, we see a retrace. there does not seem to be any particular reason to look for a rate increase in june and even in september of the probabilities were becoming a lot less and as we move through the summer, if we do not get a pickup in the data we will have concerns. at the moment, we have this disconnect between risk and where risk is trying to somewhat negate and somewhat think it is groundhog day like last year all of the weather-related data.

within that, with risk so elevated and expected to shrug off the macroeconomic data, we are at decent risk. absolutely, -- rishaad: absolutely, and in the eastern united states, or that put a lid on the economy and we have a catch up taking place? yes, and i think that will be the risk for investors. you cannot make money by being consensus, you make money by surprises and i think what the potential surprises into the third quarter -- surprise is into the third quarter is that macroeconomic data does pick up and continue to stimulate the in an interest rate rising environment and that is the u.s. dollar. rishaad: let's look at the dollar against the majors and see where we have gone with the euro and the yen in particular.

jason: i think you have some idiosyncratic and the dollar has moved around a lot, a lot of rotation. i look at the euro and what you do know is the relative size of the balance sheet and the europeans are going to be printing more quantitative easing. sheetze of the balance is going up but we are in this as to whetherd the u.s. data is going to pick up but what we do know is that on the euro the balance sheet is expansionary. we know from the short-term that the euro is going to be weaker. rishaad: and that applies to the yen? jason: same thing for the yen. with japan we are in this middle. then where did it -- middle period where the data is neither

good or bad enough. volatility, we see that not do much for the time being. i think where the action is remains europe. rishaad: let's take a look at what the readthrough is when it comes to equities because the general consensus last year was to get into the u.s. and then it was european equities. is it now a rotation into emerging markets and what do you do next? again, we love you look at expectations and we look at positioning data as the key for expectations, if something is crowded we know the expectations are high. when we look at the end we see that the expectations and positioning is low so it will not take much for the markets to do well because the expectations has been so poor. when you look at something like question, the 30 year europe has had a lot of inflows

but those inflows are into the big generic german inflows, the dax. what we have not seen is inflows to the under weighted and risky industries like italy and spain and that i think is where we will see the action in europe. they will massively outperform germany. liquidity has to come into europe and some of that will diversify to the periphery. rishaad: again, those that liquidity find its way to the asia-pacific -- does that liquidity find its way to the asia-pacific? jason: i think so. we like hong kong at the moment, particularly h shares. you follow if policy, policy, policy and avoid where things get overheated you can make some decent and safe returns in china. at thee is one place moment it will be the pboc and

the pboc will inject liquidity for the next couple of quarters. what you do know is that they do not particularly like some of the leverage in the housing market but what they did do recently is they opened up this new channel: connect which is up -- called cannot which is ct which -- called conne is allowing japanese investors to use liquidity. rishaad: jason ambrose joining us from singapore. we will take a break but coming up next, large hadron collider restart. causing a big bang in the twitterverse. latest social media trends. ♪

let's talk about what

is trending and social media. yvonne: the large hadron collider causing a big man on the media after a huge upgrade. like the timing, on the day of easter, resurrected. first darkthe matter, the big bang. this, excited about saying science in action, here is to exciting discoveries. others are doubtful as to whether it will work again. we are getting there but this is way too complicated to be the answer. others saying, the big bang? not quite convinced. sherry: i am looking at controversy surrounding a tv personality called janet posing in an apache military helicopter. huge furor because

it is restricted access to the base where the helicopters are kept. there is the facebook page which has since been taken down. the comments which people are unloading on her, please go back to school and learn the meaning of restricted military area. you need to apologize when you bee mistakes, and would not so arrogant. she had initially refused to apologize, saying, is it that serious? at least five military officers reprimanded her and one of the guys lost his post and was seriously demoted so it was a big deal for some people. another post on facebook saying, i bet you do not know what you have done wrong. you should not go there and you should not take photos and you should not be posting them on facebook and you should apologize publicly.

please just say sorry. eventually, under pressure, she came out and apologized. yvonne: we send it back to you. rishaad: coming up, looking at the sharp rise of sharp. ♪

rishaad: this is trending business. ♪ rishaad: coming to you live in singapore, this is a look at what we are watching. a profit prediction. expecting a jump in the quarter billion, it will see parts of the empire performing the best. saudi arabia raising oil prices.

indonesia's attractive assets. building boom making this the favorite place to buy property stocks. but us know what you think of our top stories. follow me on twitter. do not forget the all-important hasht, trending businessag. it is good friday. john: the u.s. markets and most of new york were closed. in march.bs added possibly the worst figure since december 2013. and below any forecasts. wage growth is growing, but jobs added are slowing. will the u.s. raise rates or not? many are concerned.

you may not see a rate rise at all this year. jakarta opening today. a lot of markets closed. australia is close, new zealand, hong kong, china closed. is.nikkei now open, down about .5% malaysia and singapore brushing off the u.s. jobs report. will raise be going up? that could be an interpretation. that is the opening map on this very quiet monday. the nikkei opened lower. goes.t jakarta, a little bit of a downturn. , even though the dollar

being weak, there is an equally strong in. look at the overall pie chart from japan. industrial suffering the most. look at this quickly. you can see that construction stocks are down. not one is rising. exporting also hard on the economy. kobayahsi, a stronger yen weighing on that. rishaad: getting to our top stories this easter monday. it is one of the top movers in french quarter operating profits handily beating expectations. these numbers would be a significant surprise. zeb: investigators are anticipating that when the company reported earnings tomorrow. they are rising today in seoul,

a nice pop for samsung. samsung, according to the korean economic daily, may report a 5% increase in quarter on quarter operating profit. that could be well ahead of what analysts expected. consensus for the first quarter, operating profit of 3.2% increase. that would be on the order of 5.2 9 trillion yuan, about 5 billion u.s. dollars. the take away is that samsung is returning to profits after a very difficult year. as it saw apple come out with new products and intensify competition. samsung has come out with its own products, the s6, the popular smartphone, with cool new designs unveiled in barcelona a few weeks ago. they expected to sell well. and other business lines are already doing well. of theductors, parts television business, and other

elements of mobile strategy. samsung is a major player in consumer electronics. judging by the share price, it looks like investors are getting excited to see results tomorrow. at that we will look story in more detail throughout the program. tweet us with your thoughts. include #trending business. for the most in five months, spinning off its liquid crystal display business. reporter: reports are up by more than 5%. at one point in the morning, it was up by 6.9%. sharp is looking to spin off its looking for help from the innovation corporation network of japan, a government-backed investment fund. it has invested in other companies as well. sharp is looking for an $840 million investment in its lcd

unit. a person familiar with negotiations is saying spinning it off will make business easier to tackle and make decisions faster. sharp is heading for a third look in 40 -- lost in four years and is considering traffic reform. sharp is reconsidering whether it wants to continue with talks. d's the company makes our used for smart phones and tablet computers. the innovation corporation has invested in countries that make similar lcd displays as well. back to you. rishaad: let's catch up with some of the other stories we are following today. -- here is eve on.

without foreign investment, mongolia's economy simply goes nowhere. the prime minister told 3 million of his people to text an answer to this question: do you want austerity or prosperity? he is hoping to start a national discussion of a critical issue in the area. a lot of contention in mongolia from locals and investors. and it has led to stalled talks on mining projects, such as the tolgi mine controlled by rio tinto. officials say to expect an official announcement soon. fastest-growing economy at a 7.3% growth rate, billions of dollars flowing in from mining companies. now expected to grow 3% this year. overseas investment has fallen,

88% in two years. is facing arlines criminal investigation after allegations of corruption. appointed by the government made at the recommendation after looking at a $2.3 billion upgrade of the fleet under the previous administration and found evidence of gross abuse of power and corruption, running into billions of dollars. major security breaches, falsified documents, the lease of luxury sport vehicles, and the former chairman is the brother-in-law of the former president. they found the headline had two a serious line mishaps, and the government is looking to prosecute those who allowed the misappropriation of finances. let's talk about fast and furious 7. the box office was in full gear over the weekend.

the latest in the car chase series set an april record of $143.6 million, the largest march opening in film history. despite being the biggest franchise budget so far, $190 million, it is likely to be the most profitable. 7 brought back even more cool stunts this year, skydivers dumping out of the plane -- jumping out of the plane. it is set to release in china later this month. they completed the film in tribute to paul walker, who died in a car crash in 2013 and in the middle of filming. there was discussion over whether to continue shooting. after a delay, the studio pressed ahead and with the help brothers as standards for special effects. rishaad: another story we are following is president obama's nuclear deal with iran.

up, tapping the building boom. what is drawing property investors to indonesia. will the indian central bank cut interest rates again? we will preview the rate decision right after this. ♪

rishaad: india's reserve bank could cut rates further by the end of 2015 according to our uti guest, ceo of international. thank you for joining us. more rate cuts in the pipeline. if so, when and how much? i think the way the rates are going, they have to go

downwards to support india's economy. we expect another 25 to 50 basis points in this financial year, which started on the fifth of april. i think you are planning another by december. the thing is, it is better to travel than to arrive. what will be the implications for the equity market? will we see a strong rally before the cut this year? i think equity markets, which have rallied ahead of themselves on the back of the election, what is going to happen, in the slack season, which is this quarter and the next quarter, until we see corporate earnings approving -- improving, the world will not get a sense that india's gdp is on the right track. markets leading this, we

will probably see the september season, equity market jumping ahead. probably closing ahead of 30,000. rishaad: a lot of people bullish on india. a lot of emerging investors and advisors. can you give us an idea why people are looking at india and liking it so much? factors guess there are , push factors and pull factors. the pull factor is india is a large economy. not export dependent. domestic consumption is a big driver. classic good points in favor of india. from an external perspective, it is there is no alternative. with action growth in china. europe in trouble. u.s.at job growth in the

india has proven to be a big enough hope. picker'sit is a stock market, ultimately. what sector do you look in? guest: you are right. between 2010 and 2014, even though the market stayed relatively flat, there are 5x.ks which have done 3x, it is a stock picker's market. we have seen opportunity in on the super bowls, i.t.. even automobiles. all coming into consumption. rishaad: what about the indian bond market? i think there is some attractiveness there. you buy indian debt too? i think indian debt has

been the biggest star of the last two years. exceeds indian equities for the last. -- two years. historically, almost $55 billion is in debt. given that interest rates are relatively the highest in investment grade countries, people are hunting for yield all over the world. you have negative interest in sweden, germany, switzerland. if you are a fund manager, you are looking for yield. there is also that. rishaad: with interest rate cuts on the horizon, are you a bit concerned that people who are putting their money into debt are going to get whipsawed by depreciating? far, the problem has

been the rupee appreciating. , thehe reasons i mentioned world is lacking alternatives in terms of investment opportunities. the amount of dollars coming to india is really supporting the rupee. well for not all go the campaign, which was export led for mr. modhi. if there was some bleeding in the rupee, it would probably be assigned for india's economy. rishaad: thank you so much for joining us. from uti. said it would be able to resume nuclear enrichment if the west pulls. out of a deal set to be concluded in three months. . the foreign minister. tv the accord is not binding until a final deal is reached by june 30.

he also said the final agreement would nullify u.n. resolutions against iran and lead to the lifting of sanctions. gaining grounds in port cities despite 11 days of saudi led airstrikes. a coalition was formed to fight the rebels after they forced the president to flee. askedn. council has been to pause the saudi campaign to allow medical supplies in. thentists have fired up world's biggest atom smasher for the first time in two years, hoping for a first glimpse of dark matter thought to make up the universe. outsideian collider geneva has doubled power after an upgrade. played a leading role in the discovery of the higgs bo son. rishaad: hopes of a first

glimpse of dark matter is causing a big bang in the twittersphere. more after the break. ♪

rishaad: you are back with "trending business." welcome back.

greece says it will make a payment to the imf. the coffers are nearly empty, but the minister says athens will meet the $4 trillion obligation. withholdinge further aid until an agreement is reached on economic reform. the greek government must get through a short-term debt auction this week. refinance a six-month note due on the 14th of this month. games ining decades of foreign currency holdings. global reserves declining $11.6 trillion, down from the record of $12 trillion plus. china cut its holdings the 3.8 children. saudi arabia raising oil prices for asia, saying the market for crude is improving. improving with deliveries to russia.

saudi arabia currently producing a near record 10 million barrels of oil a day. let's have a look at what is popular on social media. ands find out with yvonne roz. reporter: we have been talking about the hadron collider. flipped on after two years and a major update. a lot of excitement about what this all means. if we are really going to find any dark matter, as they call it. this big bang everyone was hoping to look for. we will see what discovery comes out of this. a lot of people talking about it on twitter. pretty exciting stuff. one user saying, restarting lhc will be the most exciting thing to happen this year. a lot of critics, though, saying what will this really achieve? if you are going to destroy the universe, let me know.

i have some good wine i would like to taste both for -- before. c opens up a black hole, i do not think i will be around. some controversy on social media. a tv personality in taiwan posted pictures of herself in an apache helicopter. it has caused a huge stink because the base where the helicopter is cap is restricted access. very tight security. she posted the photos on her facebook page. yvonne: you would think someone had stopped her. ros: one of the issues is that it was on the facebook page, which has been taken down. there were repercussions over her posting on facebook.

if you think it is a small thing to show off something you should not be showing, and you do not apologize when explaining this to everyone. she had initially refused to apologize saying, was it really that serious? but the repercussions were serious because at least five officers were reprimanded for one person. so it was very serious. people saying, breach of taiwan's national security act and all of this. since then, she has been forced to say, well, i am sorry for my behavior. her facebook page is no longer there. yvonne: finally apologized after all of that. security issue, when you are taking pictures around a very confidential areas. you are not allowed to talk about this kind of stuff. perhaps they should not

have been taken to that area, and it would be common sense not to post it on social media. yvonne: kind of a love-hate relationship with social media these days. thank you so much for that. a look at what is trending on social media. if you use twitter, you can stay in touch with us at trending business. you can follow us. we will send it back to you. pacific a look at asia trading. what do we have? nikkei off by .3%. samsung one of the key drivers there. and manila, equities on the upside. other markets in various parts

of the world also closed. the philippines is shut today. up next, mongolia's prime minister trying to win public support on investment. return.when we more of our top stories on our website at bloomberg.com. it is a section you are responding to, the payroll report, much lower than anticipated then predicted by economist we are talking to. ♪

rishaad: a look at top stories trending this hour. , a surge ining third-quarter profits of $5 million. profit is up 5% from the fourth quarter. samsung is due to report on tuesday. sharp on the upside in tokyo shares. jumping the most in five months worldwide. seeking help to be from a government-backed fund to spin off its lcd division. drastic reform in

a management plan expected next month. mongolia's prime minister taking to television as he seeks to lure back international investors. an agreement has been raised -- reached to end the dispute with rio tinto over the oyu tolgoi mine. japan had an initial slide in the morning session with reaction to u.s. jobs data. here is john. john: this is the opening chart. a lot of markets closed. taiwan is shut. this is the opening gambit. down it goes at the opening in reaction to friday's u.s. jobs, weakest number since 2013. 126,000 jobs added in march.

that figure was below the lowest forecasts. it has since recovered. you ask why that happened. seeing as this is a low figure, the idea could be that the idea of a rate rise is off for the year. it was based on the fact it was coming in at 200,000. clearly, with jobs being weak, all bets are off. the idea could be that the u.s. economy is weakening. gradually, the lack of concern is that the rates will go up this year at all. stocks moving around, clearly as you can see. toshiba is the biggest faller. mixed picture for carmakers.

a strong yen makes them less competitive abroad. honda up by 1%. 6%.iba, you can see, down the picture for japan is an obvious one to look out for. pretty mixed picture across asia. singapore is unchanged. jakarta, malaysia seeing gains. japan stuck in that trend. are low as most of the markets are closed for easter weekend. to our topturning story, samsung shares on the rise. its quarters profits easily beat expectations. barehanding it to the naysayers who said they could not do it. if the report is correct, it comes from the korea economic samsungwspaper, saying

in an internal briefing, said its operating profit is more than 5%. ishaad: if the report correct, we have to look at how much the smartphone business is delivering. and how much the rest is delivering. zeb: the chip side of things doing quite well. but the mobile side, let's look at that. with the introduction of the s6, it has not necessarily been applauded by tech peaks, but ordinary consumers. it is samsung's way of competing against apple with the iphone. it will do quite well. that combined with the chip business and other elements of the semiconductor and consumer electronics business, expected to. contribute to profit analysts are seeking a 3.2% increase, all

of this totals around 5 billion u.s. dollars. not a bad number for the quarter. they could actually be toivering half $1 billion apple's balance sheet. nemesis, theh company that has spent four years in court trying to win patent battles. in this case, samsung and apple are on the same side because a texas firm name smart flash is suing the companies over alleged patent infringement. the company, because of a recent supreme court decision governing software inventions, may actually be told by the patent regulator that its patents, original patents, are not valid. that means apple's jury verdict, , the was $533 million

verdict in this case against the texas firm may be thrown out. samsung may be a key player because its case has forced the regulators to take a second look at this. it goes back to court by the end of the year. rishaad: we will be following this one. let's check in on some of the other stories we are following. nneka should post props up by $10 million for the quarter. tokyo closing of the morning pre-much unchanged. toshiba heading for a freefall. down the most in nearly three years. announcing an investigation into possible accounting problems. shares down by 9% at the opening. toshiba said the effect on earnings has yet to be determined.

factories in vietnam shut down production last week as workers protested new laws boosting retirement programs. it prevents workers from being eligible for lump sum insurance payments when they leave companies. it is 10:36 in hong kong. 9:30 six in jakarta, where we are headed to, because we are looking at property stocks. indonesia is increasingly the place to be. what is driving interest there? guest: good morning. falling interest rates and booms arebuilding turning india -- indonesia into the world's favorite place to buy property. developers on the jakarta stock exchange have enjoyed the

highest average readings among global peers and the most buy recommendations of any group in indonesia. the index advanced and 25% over the past 12 months, twice as much as the country's benchmarked index. last february, their central bank cut cost, including the outlook. -- improving the outlook. the president expects a growth of 7%, benefiting companies as financial cost low. indonesia's state pension agency is increasing investment in the property market. singapore's sovereign wealth november toin invest $500 million in property projects, focusing on the central business district. the state pension fund send last itth -- said last month

intends to increase affordable housing. companies in indonesia will also be beneficiaries of the presidents spending plans, estimated at 433 billion u.s. dollars by 2019. a rise in population is forecast by the government to climb to 24 million by 2030. that is keeping the demand for property strong. thank you very much. millions of people from this part of the world travel abroad. politically speaking, calls to bring them back may earn governments a few points. but local economies can often not afford to keep them at home. gles investigates. david: they keep their heads down in work in the countries they call home.

but they make the economy's tech -- tick. indonesia and the philippines, southeast asia's most populous countries. they have done well, but the need the stock market rallies and headlines, there is a problem. their own citizens the better prospects elsewhere. >> finding a job is quite hard. especially if you do not have an education. >> i came here to help my family. and i have more brothers and sisters. i need to help them. >> biggest trouble for me is leaving my baby back home. but i have to. to be here for her. david: it is estimated about 6.5 million indonesians work overseas. pki,are called pi -- meaning indonesian labor. as many as 80% of them are

domestic helpers. the philippines present a more dramatic picture. about 10 point 5 million estimated to be living overseas, of which the majority are known as osw's, or overseas filipino workers. the money they send back is important to the philippine economy. central-bank data shows monthly room and to the country have 1989 tom $78 million in over $2 billion this year. that is every single month. that is just part of the title wave of money that makes its way back onshore across the stage of. >> the business is extremely important roman individual perspective. they send money home to support their family. four essentials. from a national perspective, it is important to the philippines, where it makes up about 10% of the gdp. in indonesia, slightly less from 1%.

this plug a hole in current account. these human exports provide a major economic, but at a huge cost. for every person that leaves, a family is left behind. while it is common for people to look around for a better option, it changes completely when the number goes from a few hundred -- to a fewillion million. on, angie lauer spoke to the console general. how is the country handling this work? >> our people are aware of what is happening in the philippines. 306 filipino organizations accredited with us. we also receive assistance from ngo's. we are preparing them.

we have an office in the philippines we call the reintegration agency. and we are communicating to our people to prepare themselves, save and prepare themselves to return to the philippines. rishaad: you can get more on that story on the bloomberg plus on apple,able android, and windows operating systems. regulators in china dishing out there april ipo approvals. we are headed to beijing with details after the break. ♪

reporter: some stories making headlines around the world, information from the german wings data recorder showed the copilot repeatedly increased speed before the plane flew into the ground.

agencies say initial inspection of the information supports the theory that andreas lubitz crashed the plane intentionally. he raised the airspeed several times before the crash. the philippines has escaped major damage from the latest pacific weather system. these latest picture show typhoon maysak approaching land last week. it weakened to a tropical storm on sunday. the philippines have had no reports of casualties, but the storm could still cause flash flooding and landslides. china has begun test runs on a high-speed rail line linking the central hunan province to the capital. the track is part of a network that will ultimately link shanghai with southwest yunnan province. it is scheduled to become operational in june or july, -- designed tos

reach speeds of 350 kilometers per hour. chinad: expect more initial public offerings in april, approving 30 new offerings as month. its benchmark composite trades at multi-your eyes. christine ha is watching this in beijing. flesh out the story for us, if you would. it is just more proof of how hot the stock market is right now. we are seeing the number of ipo's increase. in january, 21. 26 in march and 30 in april. a lot of people expect this trend to continue. a lot of company's trying to raise cash in a bullish environment. sincesed its highest march 2008 and has risen some 63%. shenzhen up by about 60%.

19 on the boards for smaller companies, which could balance risk in the market overall. they are expecting 30 countries raise about $2.9 billion in total. if you need more evidence of how hot the market is, they have raised over ¥10 billion in three days, a short period from the initial fundraising. of 15 days. a lot of demand for equities at the moment. the question is, how much money is being locked up in all these offerings. christine: rocher reaches say that despite the bigger number, a little less money is expected to be locked up this month and in march. for the two point $9 billion expected to be raised from 30 440s, you would have about

billion dollars frozen in subscriptions according to a bloomberg poll. most of that cash will be released in mid april. you may see sudden moves in the market around that time. most analysts do not expect a change in direction for the markets for now. up trends are expected to continue. the other thing we are watching is how much of the subscriptions are on deck -- debt. margin trading has been on the rise. hitting $164 million last week. the more debt in the market, the more speculation there is. no one is speaking about bubbles yet, but that is a risk with a rapid upward movement and a rise in margin trade. a little bit of site news, the security regulator held a meeting last thursday to crack down on insider trading. they removed a number of ipo review committees for law and discipline violations. a positive move for transparency in the market. rishaad: thank you, christine

ha. a push to change india's environment laws give the prime minister a headache? we will look at the challenges ahead. ♪

rishaad: this is "trending business." start of the trading day in mumbai. india's government is facing a tough time pushing ahead with its land reforms. the administration may be facing a new challenge. this time, changes to environment laws. we have been tracking all this from mumbai. what is going on here exactly? the -- modhi more

government going full steam ahead despite opposition to several proposed reforms. they're holding a two-day national conference which begins today, which is seen as a final step before bringing amendments in existing laws. the conference will be inaugurated by the prime minister in which officials will brainstorm on proposed changes in the climate laws. and reflecting on existing processes and ensuring strict .ompliance with national air quality index to inform people about air quality will also be launched. notify beforeill being launched. the bills can be brought in the second half of the parliament session. they are organizing to build and bring about

changes in existing green laws. the government will have to answer questions about whether the measures would be enough to protect the environment and interest of the local population. also minister modhi expected to push for the zero effect agenda and impress upon the necessity to bring amendments in existing green laws to push the idea of making india one of the key anchor points of the government. rishaad: that is the latest out of india. ,et's get over to yvonne man who is reminding us of what is trending today. yvonne: we are still talking about samsung-apple patent developments in the course from -- courtroom. samsung may come to the rescue over this half $1 billion verdict that apple has to pay up because of the issue with smart flash. it could be a reversal because samsung had asked the court to look into why the patents were issued in the first place.

a lot of irony, people talking about it on the interwebs. did not see that coming. patent person saying cases between samsung and apple may stop. we'll see what happens in those developments. let's move on to gently, the taiwanese actress causing a stir on social media. overosted these pictures the weekend, when she got a tour helicopter and got in a lot of trouble from military officials. they are not allowed to pose in front of these high-security areas. trouble,nto a lot of and people saying, why was she allowed to visit the helicopter in the first place? another user saying, thank you the world that management in the military is a huge joke.

she later came back on social media for -- apologizing for posting photos. c, large hadron collider firing back up after two years with a lot of upgrades. a lot of people talking about this, saying how exciting it is. a lot of discoveries. some people saying, nice to see some forward thinking. science has led every development in modern times. back to you. rishaad: that is it for this monday edition of trending business. it is asia edge next. recapping the stories of the day, including is there light at the end of the tunnel for rio tinto in mongolia? the prime minister seems to think so. foreigns the case for investment in the country, which has seen a markeded decreased since 2012.

heading over to the mongolian capital. asia edge is coming your way next. ♪

rishaad: this is victoria harbour in the heart of hong kong. this is "asia edge." in the money, reports say that samsung's profit jumped above 5 billion in the last quarter. shares taking off on reports he -- sharp wants to spin off its l.e.d. business.

coming up. far from home, a special report . that and more in this easter monday edition of "asia edge." our top story, samsung, top mover in seoul. reports are that its sales will be way ahead of expectations. >> shares rising on this optimism. there is a report today in the "korea economic daily" saying that managers have revealed that their operating profit in the first quarter is likely to ise more than 5% from the $5 billion u.s. seen in the fourth quarter. this would be well above analysts' expectations, looking for