>> the asia-pacific is falling. wall street down after u.s. stocks fell. gold is on the advance. the catalyst, president donald trump and his controversial travel ban. some of the americans being detained say they oppose his stance. >> elsewhere, a horror show at sony pictures. the studio may take a $1 billion charge. under pressuren from the fed. we will go live to tokyo in just a few minutes.

>> this is the second hour of "daybreak: asia." i'm yvonne man in hong kong. >> it's just after 7:00 p.m. in new york. i'm betty liu. this is central banks week. the boj is just hours away from hearing what they have to say about monetary policy. then we have the bank of england and also the fed. we will see how markets are paying attention to central banks. yvonne: how big of a narrative going toj, the fed have? we see the political risk being priced into markets a little bit more, given the backlash we've seen from trump's travel ban. let's get the latest. in asia witho far stocks following wall street lower amid trump's comments which have put investors on alert. japanese stocks falling over 1% year. the kospi coming back online

lower 4/10 of 15. let's check what's moving on the -- of 1%. let's check what's moving on the nikkei 225. given the yen movement, take a look at what's going on in the export space.elsewhere in the region, stocks lower .n wellington and sydney materials and energy dragging on the asx 200. given what's going on in the commodity space. we have the likes of fortescue afterup over 2.7% there, the company said its second-quarter of shipments held steady as costs fell 21%. that's lower for a 12th straight quarter. we've seen prices trading near the highest in over two years which has given a lift to profits for the likes of fortescue and other iron ore miners. elsewhere in the region, we do have what's going on with wellington, of course. yesterday, we got december data for new zealand, showing that

residential mortgages slowed for that month. i want to take a look at what's going on with the yen, given the data dump we got this morning out of japan. the dollar-yen holding above 1.13. industrial output for december topped forecasts, hwile -- while household spending fell and the job market remained tight. a mixed economic picture as the boj is winding up its two-day policy meeting this tuesday. a little more detail around the data we got this morning. japan's ministry of trade sees january output rising 3% and 0.8% in february. we had comments from the finance minister this morning, saying that foreign policy should be discussed in an international context and that it's important to reach a mutual understanding with the u.s. on forex.

we are expecting more ahead of that boj statement. betty: thank you so much. yvonne: let's go to the first word news. >> canadian police have charged a man with the québec mosque shooting that killed six people and left two more in intensive care. a 27 euros named, student, -- 27-year-old student. police are treating it as terrorism. the prime minister described it as an act of senseless violence. deutsche bank will pay $425 million in new york to settle allegations that it helped wealthy russian wanderers -- wealthy russians launder billions of dollars. the investigation relate to so-called mirror trade. closed two the banks

settlements in the u.k. that could be close to hundreds of millions of pounds. ifhiba could face bankruptcy it records a $6 billion loss at its nuclear arm and does nothing about it. the ceo says that fears of the company have been realized. he criticized the september report about improving internal controls. onhiba is expected to report february 2014 -- february 14. toshiba is debating whether to reduce its stake in its u.s. nuclear unit. it may cut its holding in westinghouse from the current 87%. it's not clear how easy it would be to find a buyer. toshiba officers said selling part of its westinghouse steak is an obvious course of action, although no decision has been made. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more

than 120 countries. this is bloomberg. betty: sony saying it's going to be taking this $1 billion write-down on its movie business after reviewing the future profitability of its operations. you can see the shares right at the open taking a pretty big hit on the chin, down about 3.5%. we are joined by bloomberg's managing editor for asia technology. trouble here for sony. it's not just one, but several problems. >> that's right. it's a big write-down for sony. this write-down dates all the way back to when the somebody -- company bought columbia pictures in 1989. they are saying there are troubles in the hollywood business, acknowledging some difficulties. there was "the ghostbusters" sequel they did not go that well. there was an "angry birds" film that did not meet the expectations they had. we see a decline in purchasing of dvds and blu-ray disks.

that has been decelerating. that present challenges for them. they really need to turn around this hollywood business. andne: "ghostbusters" "angry birds" were let down -- letdowns. sony selling that state to todman sachs -- stake goldman sachs. is that enough to turn around this company? >> m3 has been one of the very good investments for sony. it's a medical services website in japan. it's done very well. the stock has been on a tear. they will sell a slice of that business to the local affiliate of goldman sachs. they will continue to be the largest shareholder in m3 going forward, so they will get some benefit from that. there are other parts of the sony operation that are doing well. that playstation game consoles have been a profit driver.

they have been very effective at making these cameras for smartphones. that's been a growing business for them. right now, for the ceo, hollywood has been this trouble spot. he's going to try to fix it. he's going to hire a new head of that business. he's moving -- going to california to be able to do more recruiting. the head of that business left a couple weeks ago. yvonne: all right. betty: thank you so much, peter ahlstrom -- elstrom. lots of chaos after the executive order from president donald trump. now we've got acting attorney general sally yates, the highest-ranking holdover from the obama administration, commenting on the executive order, saying that the justice department is not convinced that of thesidents -- defense executive order is consistent with the responsibilities of the department, nor is she convinced the executive order is lawful. again, the acting attorney general.

she says in her role as the acting ag the department will not present arguments in defense of the executive order until they are convinced that they need to do so. a pretty strong rebuke of what we saw coming out from the white house and from president trump on friday. much more ahead. congressmen and congresswomen protesting right now at the supreme court, calling on donald trump to rescind this order. yvonne: absolutely, along with the ceo's in silicon valley opposing it as well. heading back to asia, the bank of japan wrapped up day two of its policy meeting today, the first of the new year. let's go to our global economics and policy editor, kathleen hays, joining us live from tokyo this morning. we are not getting any surprises from the governor of the bank of japan. what are we expecting? >> we are expecting the bank of

japan to meet to give us their decision sometime after noon tokyo time. 11:00f course would be hong kong time and about 10:00 in the evening in new york. i just finished speaking in the last hour with a former bank of japan policy member. she was there from 2011. she just left in march of last year. she agrees with our bloomberg survey of economists. no change in policy. althoughs with that, she does agree they will probably raise their assessment of the japanese economy just a little bit 2017. remain atare going to -0.1%. the 10-year note expected to be reconfirmed at 0% using the yield curve control tool. she says that with yield curve control, the bank of japan ultimately will have to make adjustments. they can't keep saying they will buy ¥80 trillion and keep it at

0%. they have to let go of one or the other. that's one of her criticisms. when it comes to exchange rates, everyone is watching what governor kuroda could say about that. she says the yen should not get much weaker. it is fairly valued around 1.10 to the dollar. she thinks this is one way the policy is not sustainable. you can't grow this economy with a weaker yen. it has to be done with demand-side stimulus. when it comes to that, she thinks that is going to have to come from the fiscal side, from prime minister abe's team. she does not expect the boj to raise its inflation forecast, already optimistic at 1.5%. most economists we surveyed at bloomberg would agree. she said there is so much uncertainty, not just about the japanese economy, what donald trump is going to do on the fiscal stimulus side, but also what donald trump is saying about a change rates.

this latest move on immigration control is unsettling. she said it would be very unsettling for the corporate sector in japan. she is giving us some more details about the complications that the bank of japan is facing now. betty: are we expecting anything coming out from the central bankers about yield curve control? well, as i said, the former bank of japan policy board member is critical of the current stance, which she agrees right now there is a lot of uncertainty around the economy. there is so much swirling around. this week would not be a time to introduce any kind of change. most economists say this is the important tool the bank of japan is exercising to keep that 10 at a time at zero, when yields have been rising so much in the united states. definitely a bit of backtracking lately, but it's very important to do this. when we were listening to the press today, it would be

interesting to see what reporters asked about the donald trump impact on the bank of japan policy debate. a lot more coming up. we are going to be speaking to another former bank of japan economist later in the show. we will have that decision live as soon as it breaks, sometime after 12:00 in tokyo. thank you so much, kathleen hays. now, one of japan's biggest brokerages made the move from london to germany or ireland. we will look at their options for a post-brexit europe. travel bans, trump's will have some wide-ranging implications for silicon valley's biggest companies. we will take a look at the tech industry's response. this is bloomberg. ♪

asia."this is "daybreak:

yvonne: a quick check of the latest business flash headlines. a possibility of a strike at a copper mine in july -- chile. workers are overwhelmingly in favor of action. the boat is continuing, but a union spokesman says miner -- the vote is continuing, but a spokesman says miners are rejecting the offer. they have rejected calls for a 7% rise and a bonus of about $38,000. betty: fortescue metals says second-quarter shipments helped oteady its costs thanks t productivity and efficiency changes. they shipped 42 million tons in the three months ending december 31. net debt dropping to $4 billion, with the target $3 billion by july. trading -- iron ore is near its highest level in two years on record demand from steelmakers in china.

yvonne: boosted by its lng facility in queensland. revenues doubled to $411 million u.s., although that was slightly below goldman sachs' forecast. they have benefited from higher energy prices. betty: as we heard moments ago, acting attorney general sally yates, the highest-ranking holdover from the obama defyingration, president trump, saying that the justice department is not going to defend the executive order on immigration and also is in a position to say that it does not appear lawful. ramy inocencio is here with us. he's been tracking all of the reactions. we can look at this and say there's not a lot of teeth to these comments. they are strong, but she is going to be replaced by a trump

appointee. it's largely symbolic. this is a transition and a worlds colliding in terms of the white house -- the white house. she might only have days left in her job as the deputy attorney general. jeff sessions is going to be confirmed -- likely going to be confirmed. when he's in, probably, he's going to toe the problem -- the party line. he's going to say this immigration ban is indeed lawful and that they are going to enforce it. some of the top executives on wall street are finally giving their voice to what's been happening here. a lot of controversy. we are hearing from goldman sachs, jp morgan, as well as blackrock's ceo. some coming out a little more blunt, some a little more diplomatic. on the blunter side, goldman sachs ceo lloyd blankfein saying this is not a policy we support. being diverse is not optional. it's what we must be here. it's interesting that goldman sachs really takes a stand

against sitting administrations. usually they send their own employees to become -- ex-employees to become employees in the white house. what we are seeing here with three: -- with gary cohn. jamie dimon, a little bit of a softer approach, says he's grateful for the hard work about national security, but it is also strengthened by the diversity of the world around us. jp morgan did not express any opinion on the ban, either for or against. black rock's ceo weighing in -- blackrock's ceo weighing in, toeing the line, saying they want to have respect for due process as well as individual rights. a couple other banks that have not been weighing in, wells fargo and morgan stanley. they say they are monitoring the ban. citibank and bank of america have so far declined comment.

yvonne: we are seeing financials fall in asia following what happened on wall street overnight as well, despite what we heard from president trump. ramy: you would have thought any kind of repeal of part or even all of dodd-frank would make financials rise, but we are seeing that, in terms of goldman sachs, bank of america they all fell 1% to 2% or so. mr. trump spoke with small business leaders at the white house. listen to what he had to say here. mr. trump: it's almost impossible now to start a small business. it's virtually impossible to expand your existing business because of regulations and because the banks don't loan you money. dodd-frank is a disaster. we're going to be doing a big number on that. ramy: you can expect the democrats will try to filibuster to make sure that dodd-frank remains alive. next, reassessing the trump effect.

this is bloomberg. ♪

yvonne: this is "daybreak: asia.." some have spoken out against president trump's executive order on immigration. martin, i know you have mentioned in your note that you have a theme here, a basket of assets or stocks, fortress america. is there anything that can steel investors from all the chaos that is going on politically? >> i think it's something to understand. if you are looking for themes around the change of the new

administration, you would be looking for american companies with 90% to 95% of revenues that are domestically based. clearly there has been a huge outperformance by global companies, or companies that are globalized, obviously, such as the amazon's, apple's, via, -- visa, etc. maybe there is potentially a shift yet to come, a rotation into more domestic focused u.s. stocks, but i think it's a bit early just yet. clearly we've been waiting or seeing policies coming through that have been around in more isolationist types of policies around immigration and trade, and we've seen very little if not no new detail on tax cuts and infrastructure spending. betty: we know from president donald that he is all about america first, right? that's what's dictating his policies. where would you focus, then? are there companies, when you

say domestically focused stocks -- are there companies in this basket of fortress america that kind of reflects that whole america first outlook from the white house? ah, i'd like to take a step back here. i think we have to look at what fundamentals are happening. somely, we ended 2016 with great momentum in manufacturing, services, construction pmi. the underlying outlook for global growth has modestly improved. we still have a reasonable outlook for china as well. we are forecasting 6.5% growth. i think the america play is interesting, but i think it's possibly too early. we need to see some real details and policies before making those sorts of decisions. so, our outlook is still very much positive in regards to markets. more likely for the second half of this year. yvonne: so, we are seeing a little bit in terms of global growth improvement. you mentioned the uncertainty regarding some of the policies,

some of the reasons why so many investors are piling into u.s. equities right now. is the market going to be focused on equities in the short-term when it comes to central banks? it seems like one of the themes, when you look at the doj -- the boj, the fed, is whether they are sending signals of tightening? martin: i think it's wise to be talking of significant changes by central banks at this stage. we are not looking for the federal reserve to raise rates this week, although we do have an expectation of at least two rate rises this year. i think the fed will be looking to see what the policy is from the trump administration emerge as. inkets are expecting a rise inflation later this year on the back of that. we've seen global share markets rally so strongly since the u.s. election. it's no doubt we are going to pause,e -- a period of consolidation, a modest pullback. look to be buying the dips.

i think we need to be seeing some more details. as far as central banks are concerned and our very own we are bank here, expecting no change from them either. it's going to be more important to be looking at the statement from the central banks in regard to future growth and the outlook on inflation. yvonne: looking closer to home for you, where are you looking for opportunities? we do see a little bit of resilience when it comes to energy right now. the aussie dollar is fluctuating amid this dollar strength. thein: look, we do see share market going higher through the year, driven by improved earnings outlooks. they've had the opportunity to cut costs and improve the balance sheet. we've also had very little benefit from tail winds on the economy. we are looking at the austrian economy to pick up in the second half -- the australian economy to pick up in the second half. yvonne: we appreciate your time,

martin lakos. plenty more to come on bloomberg television. the latest, next. this is bloomberg. ♪

betty: 8:30 tuesday morning in singapore. they will be returning from the new year holiday. could be joining in on the selloff as it comes to equities since we had the worst day in wall street since the election. you are watching "daybreak asia ." now let's get to the first word news. >> the acting attorney general says the justice department will not defend president trump's travel ban. the president has also promised to take action on the dodd-frank banking rule, claiming it made it tougher for businesses to get

loans. and it was announced the white house is considering resending protections for lpg teach you workers. lgbtq workers. ony warned in june that it could see more losses. to offset that, it is selling a stake in the medical web service m3 to goldman sachs. deutsche bank will pay for $425 million in new york to settle allegations that it helped help -- wealthy russians launder billions of dollars. so-calledted to mirror trades. the bank is close to a settlement on the same charges in the u.k. which could be in the hundreds of millions of pounds. reports in india says the government expects higher oil

prices to drive growth this year. officers in the finance ministry say oil is going at 15%. present its will economic survey to stay with the budget itself is due wednesday. local news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. yvonne: thank you. time to see how the asian markets are shaping up. >> asian stocks are on the backside, down about .6%. i want to look at him of the stocks we had today given that earnings we are giving desk getting this week. we had abc dropping the most since march 2011. this company makes computers and telco equipment. we are seeing both sony and m3 decline.

sony tumbling as much as 4%, that is the biggest drop in three months. we had the likes of not so over in australia, resources heading for the biggest slump in three months. the company expects to book a loss after 2016. shaw and partners analyst peter luka willresults for il bring a positive outlook. it is ending there with the equity check on naver. this company listed on the cost be --kospi. it has invested in robots. spend when hundred

20,000,000,001 in that endeavor -- 120 billion yuan. yen faring in the all this? >> good especially due to the ina that it picked up december. we have the security strategist saying that the dollar-yen may fall as trump's immigration policy restricts labor supply for manufacturers. we have the prime minister of japan speaking in parliament, saying that trump is introducing an element of uncertainty for the economy and he expects the recovery for japan be driven by domestic demand and when it

comes to the yen, expect a weak yen and a stronger dollar through the first half of 2017. we have to see what the boj has to say. we will look for clues around the yield policy there. we talked earlier about the markets and what happened after the chaos of the executive order from president donald trump. how does today's decline set us up or the rest of the trading week? : we closed off the low and that is what analysts like to see, that momentum is less bearish but this is what a thump down on trump looks like. we were down 200 points at the lowest. the backlash from the world governments to companies to concerned citizens and protests around the country has certainly raised uncertainty. you look at the big movers, alphabets, google and facebook

out with earnings. google created a fund that will raise up to $4 million for civil liberties groups and that is their way of weighing in on this latest move. or the market snapshot, you will see gold was up on a safe haven play after the second day. oil, lower for the second day, but check out this bloomberg chart. if we go into the bloomberg, oil, bullish bets have been on the upswing as opec is appearing to adhere to these cuts. we will know by the end of the month whether they cut close to one million which is what they are on schedule for. more about's talk the airlines that are caught in the middle of this. they saw some big declines as well, right? >> that was an understatement because of the chaos is where all this came from. investorsainty that

have is the travel ban is going to expand. the airlines caught in the middle. perhaps a lot of people don't want to fly in all this chaos. the airlines fell by the most in seven months. look at delta airlines, you see this big drop. this is in one week, you can see the big drop. as 4% across the board. american airline, saying drop, united airlines, saying drop. -- same drop. yvonne: the decline came despite positive reports, despite the rise in mortgage rates. su: let's take a look at what we learned from home sales and that is the key question. will rising interest rates put a damper on the rebound and the answer is no. we saw sales rise despite the higher rates.

we also got some positive information. thatharts are telling us the rebound is happening even as interest rates are going higher. that was the big uncertainty. getting our first confirmatory data. in terms of consumer spending, that also rose. partial spending was down. this shows us that big uptick there. setting up well for the friday data which is the first drop number of the new year. ahead, then to look workers at the world's largest copper mine seem likely to go on strike as wage negotiations reach an impasse. let's get to paul joining us live from sydney. we heard from the union that most workers are overwhelmingly in favor of this right. where does the situation stand at this moment? : critical is the three-year

deal that was in place. it expired today. time is running out and the half -- most of the 2.5 million workers -- 2.5 thousand workers at that mine. if you take a look at what the big issue is, it boils down to the money, right? paul: it always boils down to money, government? playing -- paying a big -- the management rejected their demand for a wage rise and a bonus, so that's where the issue is. the unions pointed you view, they look at the neighboring mine where production is up and

a look at the copper price which has been healthy quite recently. they feel that that undermines bhp and the reluctance to give a wage increase. breakdown, there is a 48 hour. in which aperiod five day extension can be negotiated. fortescue performing well after a strong quarter. paul: fortescue is up better than 2%. quarterke at production, you see fortescue has paid another 2 billion in debt and they are getting down to $12 or $13 per metric ton and it is a relentlessly good story from the iron ore play their.

-- play there. good. also has 11 million.to 4 you see origin energy down 2.5% right now. yvonne: paul allen there on the resource companies. much more ahead. the global black lash against president trump's executive order on immigration. we get because of a former ambassador to nato. this is bloomberg. ♪

world leaders continue to condemn president trump's immigration clampdown. a former secretary of state and one-time ambassador to nato agrees. nick burns joins me to discuss the backlash from europe.

>> there is a lot of concern about what is happening here in the united states. foreign governments know that we have taken in 800 thousand refugees since 9/11 with very few problems. we have very strong betting in place that takes 24-36 months for refugees to come. we do not want to give to the we do not want- to get to the islamic state a propaganda advantage. because theisome islamic state wants to commence its followers that the united states is against muslims and remember george w. bush came out and said we are not at war with islam. extolledd a mosque and the virtues of the islamic faith and we have not seen that kind of sophisticated approach from president trump and his

advisers. it is been a very ragged start to this. betty: talk about the fine line that leaders like angela merkel will have to take. she needs the trump white house and the u.s. and nato, that on the other hand there is a little policy where there will be disagreement. how does that create friction in a country like germany? >> there is a fear in germany and across europe that the trump administration at its start is not leading in the way that republican and democratic administrations and president have led in the past. they're worried about the united states closing its borders, say no to trade agreements, putting up a wall with mexico, saying no to refugees and saying we are we would to stop immigration for a couple of months. they're worried the united states, the city on the hill, the open america looks like a closed, fearful america and you hear that from european.

they are worried that the trump administration might swing it support to some of the right-wing populist movements that are contesting the elections in the netherlands, france, and germany. i think transatlantic relations are at a very brittle state right now and the europeans want to see a self-confident, open american president. they do not think they have seen that yet. >> you served as the seniormost a diplomat in the department of state under george w. bush. but yourself in mr. tillotson's tillerson's shoes. how much more difficult if his job and the job of investors all across the world today? >> when secretary tillerson is confirmed, he has the weight of the world on his shoulders. are looking for reassurance that the united states is going to be with them and that we are not going to break all the eggs and change

all the policies of the united states government because of the administration is a new. they are looking for constancy and when president trump talk to president putin over the weekend, it appears that president trump did not raise russian interference in our election and did not raise russia's invasion of ukraine. those are the two most critical issues or the united states and the crane issue is the most critical issue for the europeans. if you look at the white house's readout, you look at the issues that were discussed and that issue was not on the agenda. the europeans want the united states to have their back and putin's division of eastern europe is a concern of european countries. let's get a quick check

of the latest business flash headlines. is talking about merging into mobile unit with idea cellular. it would have equal votes in vodaphone in the new entity. vodafone was up 1% in new york. maker of the epipen is a facing an antitrust investigation. theear arguments over device is skyrocketing price. now regulators are looking if small changes are affecting competition. island -- mylan says it has done nothing wrong. general motors has shed its lasted junk rating, with moody's changing its debt rating, its lowest investment grade.

the investment agency says the company has built up its roddick profile while investing in cost. the giant jerk store merger between walgreens and write eight is a little smaller after antitrust regulators. the companies have cut the value by at least $2 billion and they getdivest more stores to approval. walgreens offering seven dollars a share, down for the nine dollars that was announced in 2015. up next, looking to leave london. taiwan securities are searching around for a new base after brexit. this is bloomberg. ♪

it has precipitated this feeling of isolationism in the future.

that was responsible for the selloff we saw in wall street with many of the industry's showing the biggest decline since that lowest -- september the eighth election taking place -- november 8 election taking place. looking at the bank of japan with a rate decision. it is how they are manipulating that yield curve have in japan. this going to be one of the subjects we will be discussing. kathleen hays, central-bank water and economic policy editor, she is over in tokyo. for governoroption kuroda, the governor of the boj. mrj,g up, looking at the the mitsubishi regional jet, it has been delayed five times. it was supposed to have first deliveries in mid-2018, but now

we looking at mid-2024 this plane to start being taken to its customers. up inat and more coming the next couple of hours of bloomberg markets. looking at germany or island as the base of its operations. rockland with more on this story. >> it is looking at several options. they are looking at franklin -- frankfurt, dublin or france as well. a say they will keep an eye on the results of the presidential elections. it is keeping its options open. like any financial institution, it wants to retain access to the eu, looking to move its

operations into your once the u.k. leaves the european union. it is running simulations with a consulting firm and it will see what the outcome is. we spoke to the ceo and this is what he had to say. amid increasing possibility of a hard landing in the u.k., we also see the need to set up a unit in the eu it will be a licensed unit with limited function while the key operations will be in the u.k. some of those employees are likely to move out of london. have seenle --daiwa their trading go down. 's trading has helped daiwa third-quarter results. if we take a look, we can see that trading income increased 14% to just under $300 million

in the last quarter. andrwriting fees up 37% pretext profit up 22 million -- of.9 million versus a loss just over $30 million. things seem to be doing a lot better for daiwa in the third quarter. net income increasing 1.1% to million.3 we've seen a weaker yen since donald trump was elected u.s. president in november and that helped other financial institutions in japan. stung by a little bit better share prices and the weaker yen as well because it had announced that the last earnings at the end of the second quarter, that it was going to have a share buyback. it postpone that because the

shares rose so much. but it said it is going to go ahead with that share buyback as originally planned. yvonne: thank you so much on daiwa. back to news on donald trump and his executive order on immigration. he has come out moments ago on talking aboutge the comments out from the active attorney general saying she is convinced that his executive order is unlawful. he said quote the democrats are delaying my cabinet picks for purely political reasons. they have nothing going except to obstruct. now have an obama ag. tos is certainly shaping up not just be a chaotic weekend, but we will be hearing from donald trump about his pick for the supreme court. that will likely set up another firestorm in washington and we will see how the markets react to that. we have --

yvonne: this pic from the supreme court is going to be quite controversial and another itself. the rhetoric has moved from trade to tariffs to travel ban to the supreme court. let's thing -- let's see how things are looking so far. andn seeing some pressure we're seeing shares down 1%. this is despite we saw some better-than-expected data. unemployment rate still at 3.1%. emerging. we will continue to watch that ever the next hour. a lot more ahead on bloomberg markets.

rashaad: it is 9 a.m. in singapore, the day in sydney and 8:00 in the evening in new york. you're watching "bloomberg markets asia." ♪ rashaad: taking the lead, u.s. stocks fell the most since the election. gold and the yen are advancing. sentiment is watching -- sony is watching a horror show. names attack trumps travel ban, leading the