♪ yvonne: markets are set to rise after the dow saw a 12 straight gain. the longest run in 30 years. betty: takata agrees to a billion-dollar settlement. softbank is said to be exploring a satellite link with what could be an $18 billion deal. decision day for samsung jay y. indicted in ae

scandal that has already brought down the president. this is the second hour of "daybreak asia." i'm in hong kong and is just after 8:00. betty: it is just after 7:00 in new york. we are jumping to 24 hours from now when president trump will be addressing congress. the has the congress best the markets excited. we just got retail production numbers out of japan. we are looking to see if any more stimulus is affecting the economy. we did not get those results in january. a stall in terms of industrial output for january. we are expecting three straight months of gains, but we saw it fall .08%. take a look at the breakdown. it seems like what weight on the month of january was mining and manufacturing. that fell .08%. manufacturing of business machinery falling 0.2 percent.

we do get the weaker number when it comes to exports in the month of january. not a whole lot of reaction with dollar-yen after that news. but let's look with sophie. sophie: as you mentioned, not much reaction in the yen following the latest data out of japan this morning. you have to note that the government is still maintaining that output shows signs of pickup despite the numbers coming in when it comes to industrial election. the dollar-yen is that 112.8. take a look at the way japanese shares are reacting to the latest numbers. you did have it swinging into the green for the first time in five days. almost 1%. take a look at some of the bloomberg's index so far. we do have mining up 2.8%. we are keeping a close eye on given thers today

likes of softbank, and sony. qualcomm and 5g wireless standards. those stocks in focus. snapping two days of losses, south korean manufacturers feeling more february.in looking at consumer confidence that came out this morning. that schiller's on monday with electronics seeing the biggest outflows. it marked the biggest withdrawals around chip prices. the sentiment today is about looking ahead to what trump made eyeballs regarding his plans on attacks program as well as stimulus. have the lowest level

since 2014. investors may wait and see. environment, it has been no fun for oil investors. look at this chart on the bloomberg. 6304. it tracks the blows around the united states. this is the biggest tracking oil prices last week. they pulled the largest weekly withdrawals since the end of january. trading in a tight range, the fund has dropped 1.8% since the start of the year. volatility stock at the lowest level since 2014. as you can see from the white lines in the chart. low volatility is the name of the game so far. yvonne: thank you. takata has pleaded guilty to wire fraud related to exploding airbags which are linked to the deaths of 17 people around the world. facing fines and compensation worth $1 billion despite victims trying to force a delay. let's bring in ramy inocencio

was watching this in hong kong. ramy: the biggest part of this saga is a $1 billion settlement. they are pleading guilty to one count of fraud with regards to falsifying data around airbox that have been around the last 15 years. this is an admission of guilt. it turns out to be the biggest product recall in history. 100 million airbags or so. it is broken down into three separate parts. the biggest part goes to the automakers themselves to bear the cost of the recall that they were involved in. that is it hundred $50 million. a smaller chunk, 125 million goes to victims as well as their families. there was an attempt to delay the acceptance of this on behalf of the judge to get more money for the victims. the judge denied that. there is also a criminal fine on the order of $25 million.

the judge, it is interesting he said he could have ordered an even bigger payout, he is injured -- injured troy nobody said the distracting of the corporation would be a fair outcome. but he said it would put takata out of business and hurt the victims. the victim said that the awarding of the settlement was a little bit strange in that they do not agree with it. things that the automakers could be have to defend themselves as victims as well. a new lawsuit alleged that by automakers were buying takata's airbags and knew that they were faulty. these include toyota, honda, nissan, ford, and bmw. most companies have declined to comment. looking ahead, takata is subject to an independent monitotor and other probation for the next three years. a justice department investigation? ramy: we're talking about a criminal probe.

they said this wraps up the criminal federal side of things. there also a lot of lawsuits that have popped up on the consumer and state side of things several dozen people as well as drivers and passengers for already sued takata compints of excessive force in th shrapnel aspect. the initial reports was that shrapnel was exploding out of the airbags and killing drivers and passengers. settlements and finds regarding additional losses could cost millions of dollars. takata could face u.s. prosecutors in terms of getting former executives extradited out of japan. they are a legend to have known of these faulty airbags. betty: thank you. let's get to the first word news. president trump will propose

raising defense spending by 10% in his first budget. administration officials say $54 billion boost would be offset to cuts to most federal agencies, with the state department and epa pick the hardest trump has promised not to cut social security and medicare which makes up two thirds of the budget. the plan has to past through the congress to be enacted. former president george w. bush has criticized donald trump's stance on education -- immigration and the media. while backing calls to investigate the administration's links to russia. he said america needs answers and that he supports an immigration policy that is welcoming but upholds the law. he insisted a free press is indispensable to democracy. u.k. prime minister theresa may has been attacked or one of her predecessors who says she's making undeliverable promises on brexit and should prepare voters

for the compromises that will follow the negotiations. speaking in london, john major accused brexit fans of treating the minister with contempt. he said theresa may's government is not being honest and what they can expect from the retreat from europe. the candidate to be hong kong's next leader as monster election manifesto amid protest by democracy activist. she spoke before the deadline for handing in nominations to see the president. she says she would prioritize local hong kong issues in the election. she said the current political climate does not favor relaunching political reform. shares of australian baby food under tradingl halt after the resignation of the chairman and an extraordinary meeting on tuesday. the ceo left in january following revelations that they had greater stockpiles, excess ingredients, and a shortfall in

payments. profit wasirst avnet down 47% from a year earlier. global news. 24 hours a day. powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. sources are telling us that something is in talks to merge with a satellite setup in what could be an $18 billion deal. the managing editor is in tokyo. we are talking about the oneweb unit or business. talk to us about this deal. what is it exactly? >> softbank seems to be at the middle of deal talk in all sorts of sectors. there is telecom, technology, and now satellites. the sources are telling us that something has begun talking with one way about combining with satellite. is to use satellite

technology and terrestrial technology to provide internet connections and other kinds of communication in remote parts of the world that they would not be able to reach with traditional cellular technology. it is a big investment. there is a lot of capital that we going to something like this. it's been tried a few times before with not great results. these negotiations are early at this point. it remains to be seen where exactly this will go. betty: why would these companies want to work together? oneweb would get the advantages of the infrastructure that has already been built around the world. they could clock rate on satellite technologies. oneweb is early in the process. they are trying to extend their coverage. the challenges that softbank was tonning on buying the bonds

be a look to take out some of the debt at the company. the price they were planning on paying was below with the bonds traded out when this news broke. it is still early. is not clear if they can reach an agreement on price. >> seems like it is still pretty early. how close are we to a deal? >> it is very early in the process. they still need to agree on some kind of price. has been looking at other satellite companies to. there may be some alternatives for oneweb in the future. yvonne: can swapping fossil fuels for renewable help boost growth? we that question to a ceo of a leading power company. betty: up next, how emerging-market companies are shaping up to be the next big local players. it is the opinion of our next guest. this is bloomberg. ♪

betty: this is "daybreak asia." greatestet's check the -- latest business flash headlines. morgan stanley will take a $70 million charge that is related to a tax reporting error. the news came at a filing with the retail brokerage client. they reported incorrect tax information to the irs and face operational issues from 2011-2016. betty: general motors boosted incentives and had to fight the rights for the most profitable and hotly contested segments. dealers advertise 25% off as intensive -- incentive spending raised to the highest number since 20 talk. it reflects the u.s. are the

market long after seven years of expansion. yvonne: chinese sports media company is said to have lost the right to broadcast asian football confederation soccer games after defaulting. a missed payment on the $100 million contract in january and another deadline last week. office to decline to comment. the asian football federation is yet to comment. says thee next guest global economy is on the low growth connector it but emerging markets are where you can find opportunities. is the equity investment director at capital groups. rather than handwringing the you heard about earlier this year, you actually see them as the met -- next global player? >> yes. thanks for having me on the show. we see around the world that plenty of opportunity, particularly amongst individual

companies, are benefiting from the change in the way that goebel -- global changes changing shape. that is true in global markets where you're seeing consumers change attitudes toward consumption. betty: you are definitely seeing that change. on the flipside, we are on the eu a president trump outlining economic licies that are much more isolationist talking about trade wars against many of these markets. is that priced into your outlook? time are spending a lot of looking through how some of these policies might shift the shape of trade. over the long term, trade has changed many times. there been confrontations in the past between different plays. the issue is to get ahead of those changes.

try to identify the companies that would benefit from those changes. the companies that can adapt to shifting trade patterns. yvonne: what kind of companies are you looking at right now? your new fund does look at a lot of issues involving world trade. a quarter of your assets, him outside your home country. what kind of companies can withstand these trade frictions? >> it is a long list. let me focus on a few. there is some significant trends going on in the world. one is the digital trend. you're seeing a lot of world trade now as the trade of ideas. that can be medical ideas, a lot of scientific discovery going on. it can be use of the internet as a distribution system. that means more goods and services can get to more people. yvonne: what about here in asia, anything you can focus on that has exposure to this part of the world? >> tencent.

we have investment through a south african company and softbank. the point of the perspective by looking at multinational companies, you can find different ways of accessing what is the chinese trend. i was going to jump in. group take a lot of time lookinand picking at what are going to be the global players that stand out. i'm curious if i can take a left turn and ask you about something that has been growing here in the news today which is all about warren buffett and his annual letter over the weekend where he took some shots at stock pickers. he himself is a stock picker, but he talked about paths of

investing. i want to read you one quote. " if a statute is ever directed to honor the person who has done the most for american investors is jack bogle." on your side of the world, how is passive versus active looked upon? that there ist room for both passive and active approaches. if you look at the data, the average active investor does not be the index. most people are looking for something that is not average. we have looked at our american numbers were we have grown in the index over one year. over longer. the time we have increased that winning percentage. it is important for investors to do the work. low feesdentified that

and having investments by the portfolio managers in their own funds are the critical determinants of the active managers who might do well in the future. it is who will do well in the future that is the most difficult issue for choosing active managers. it is predicting that is so difficult. ofch is say that now is one the best times to be an active stock picker? >> i would say that because capital group are all active managers. but there's somethg in that. -- eight years we have seen the world crawling out of the abyss of the great financial crisis. risk in fear have been ever present. as we move further away from that, greed begin to take over. the animal spirits begin to return to stock markets. toyou see more dispersion

companies, active managers should then be able to do what they are meant to do. should is the critical piece. yvonne: let me bring it back to trade here. we are about to hear the confirmation hearing for wilbur ross for comment secretary. nafta.d be renegotiating the u.s. also dropped out of tpp. with a be better to invest in the mastech small caps in the u.s. versus the domestic that you look at? >> yes it could be, but we do not know where it would all end up hearing you talk about renegotiating, but it is important to note that a lot of this will be a renegotiation rather than an ending of trade agreements. yvonne: so did end up benefiting or renewing in a way? >> we look from the bottom. some companies could really benefit from a shift in trade.

we were talking to taiwan semiconductor and they would say, if there is a border adjustment tax, there are various things we can do in order to limit the damage to us. we are looking for those flexible companies that have the weights, wisdom, and experience of having been in this situation before. yvonne: thank you for being here. coming up next, facing charges of ivory -- bribery and embezzlement, the same some head faces his indictment. this is bloomberg. ♪

betty: this is "daybreak asia." a piece of breaking news out of washington, it looks like wilbur to confirme votes him for commerce secretary. the boat is still ongoing, but it looks like he is well on his

way to becoming the commerce secretary. debt a billionaire investor famous on wall street. he is taking on the role now of commerce secretary. yvonne: not a whole lot of surprises there. he easily got through the procedural vote. the big question is, what ll this mea for nafta and other trade pacts. more on that later on. we've been moved to the special prosecutor in south korea. tuesday's deadline for the inquiry to and could she the samsung vice-chairman indicted. pipeline? the rosalind: we are expecting the special prosecutor will come out and indict him and possibly the four other samsung executives. they have been identified as

suspects in connection with the influence peddling scandal that has gripped south korea for many months now. the prosecutor is going to make his final decision. that is because the acting president declined to extend the investigation. . -- declined to extend the investigation period. he did say that all of the samsung executives will be indicted today. son of thethe chairman, who has been on welker lees, has led to jy stepping up and taking more responsibility. he was arrested on february 17. taking charges of bribery, or injury, and also embezzlement. funneling tens of millions of dollars to the friend of the south korean president in return for political favors.

yvonne: thank you. coming up next, no deal. they're not interested in diversifying. we will hear from the minors ceo. this is bloomberg. ♪

>> take a live look out at the sydney opera house. we are seeing and 7674 after we did see the current account balance out of australia coming through for the fourth quarter. it is coming in at $3.9 billion current account deficit. it is pretty much in line with estimates economists were hoping for. it is shrinking from the previous number we got in the third corner of 11.4 billion dollars. a double-dip bit better news when it comes to those numbers. we'll see how things go here.

let's get to the first word news. >> heir maker takata has admitted guilt in court and will pay penalties worth $1 billion. despite victims attempting to delay the settlement. takata is to pay a $25 million fine, establish a $125 million fine to pay victims, and pay a hundred $50 million for recalls. the second ranking democrat in the u.s. senate is calling for an independent commission and a special prosecutor to investigate russians interference in the election. just back from a trip to that you came -- ukraine, dick durbin said an investigation by the senate intelligence committee was not enough. >> the polish leader said that if you will not take it seriously, how you take it seriously if the plans to invade our country?

are you willing to step up at that point? it is a test of our will if we will protect our sovereignty when it comes to russian intervention. >> the last section of an hong kong tunnel is being moved into place. tunnel is executive arrive this weekend. construction began in december 2009. the bridge will eventually be 55 kilometers long conneinan island in hong kong with two other cities. price waterhouse cooper has apologized for the oscars makes land"t saw " la la awarded best picture when the real winner was " moonlight." anchor: awardsd overseen academy voting since 1934. despite the dramatic twist, the oscar broadcast drew the lowest u.s. audience since 2008 with

just under 33 million viewers. global news. 24 hours a day. powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. betty: breaking news on the senate floor. wilbur watts has been confirmed as trump's new commerce secretary. did not come in too long. it was expected given that wilbur ross had easily cleared through the committee and procedural vote in the senate. much less subdued than some other trump nominees. when it comes to what is next for wilbur ross, obviously there's been a lot of talk about trade negotiations. the mason -- massive trade pact including nafta. we see more renegotiation on that front? wilbur ross is 79 years old.

he will be one of the oldest serving members of trump's cabinet. very much so one of the least controversial picks from donald trump. nothing like what we saw with steve mnuchin or others. yvonne: definitely a well-known name on wall street. we'll see how he adds to the trump administration. times to see how the asian markets are shaping up. sophie: a little bit more conviction coming through tuesday. we do have australian stock up .04% perhaps on the stellar profits season. we do have a gain of almost 30% that a news perhaps company bought a stake in the australian company. i want tfocus what is going on in japan. snapping four days of decline. the japanese industrial output

fell for the first time in six months in january. the sign of weakness perhaps after exports drove gdp growth in the second half of 2016. that perhaps ways and output going forward. we do have heavy machinery maker meeting gains. this makes air -- aircraft jet engines and power plants. it is booked a one-time gain from a property sale in tokyo and it says that it does take a possibility of booking charges as it considers its restructuring operation. we do have a components maker falling in tokyo along with her she was down 3.4% lower for a second day. japan exchange ceo saint receiver faces three possible delisting risks, one of which is liabilities if -- exceed assets. they're pushing to wrap up. another number has been speculated around the value of that business. the company is to ask bidders

seeking to acquire the entire unit to play a 20-30% premium to put the total sale at 2.4-two ¥.6 trillion. certainly some speculation there. is what is going on with the bond space. we do have traders waiting to see what trump has to say. we do have bond traders of japan also waiting i with the boj has to say regarding its march bond program. we do have yields at .06%. thank you. hasttled commodities trader managed to post a profit. escaping back-to-back annual losses. the company he came under renewed attack. southeast asia correspondent is following the developments. take us through the numbers.

reporter: talk about squeezing in a profit coming in at $8.7 million versus a loss of $1.7 billion in 2015. revenue dropped 25%. definitely an improvement even though a just managed to get a net profit. punishing twoa years marked by losses. that it hass managed to cut its debt. look at this chart. the debt pile has dropped $4 billion at the end of last year. a drop of $1.9 billion was also helping is that it now in talks with a potential for tj partner said to be a chinese company. the company declined to give additional details on the conference call last night after the result. it did say that what is essential part strategy and , costs,s discipline

conservative capital structure, robust liquidity. it said management continues to pursue the same goals that laid out before. we saw a similar story before. are the numbers going to reverse losses? hollande reporting profit. agricuuralprf commodities giving it that boost. if you take a look at the bloomberg sub index, it was an average high a year ago. palm oil, a rather got, coffee, sugar all rows. food traderrgest but involved in soft commodity markets. grain trading is becoming more important. active in thecame

greats market back in 2008. the focus has been on the black sea region and africa as well. thank you. fortescue ceo has rejected reports that they are looking at diversifying into coal. the latest now. they're responding to some reports that are floating around over the past few hours. reporters you might be interested in some of west farmers australian coal all caps -- assets, especially a copper mine in queen land good however, to the fortescue ceo in florida earlier today and he said that is not us that is interested. he is not particularly interested in metallurgy or: all. he said some customers might see iron ore and coal as a logical package deal.

it is not considered to be diversification. the products both go to the same market. for next 12-18 months, fortescue will be concentrating on repaying its debt. betty: the ceo as taken a swipe at president trump's move and trade protection. what is he saying about that? >> he was speaking at the same event. his words for president trump's trade protectionism were awful. president trump are some things like infrastructure policy in plan spending. but when it comes to u.s. policy, he is not a fan. here's what he had to say. are very anxious about the possibility that instead of that good leadership, we should have had leadership from the united states on global free trade. it is the lifeblood of the economy. it makes products cheaper for

the consumers. consumers buy more. broaderult, we see a economic growth. the economic growth is probably around 3%. if we are going to continue, we have to get back to 4%. that won't happen under a protectionist regime and protectionist leadership from the united states. some good, but some pretty lucky awful. they both met with president trump just before his and i duration. they are speaking from on informed position. betty: thank you so much. talking about the bhp ceo and his traits. one chart we would like to bring your attention to is our interaction tv function. you can find it at tv . you can watch it live, but you can also see previous interviews any bloomberg

charts and functions that we just talked about it. you can become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. check it out and tv . ourou have a question for guest, judas and email. an asia company post record profits. we will look at the bottom line with a ceo. this is bloomberg. ♪

yvonne: this is "daybreak asia." betty: a check on the headlines at this hour. erickson is betting on cloud technology to capture some of the trillion dollar market it mobile broadband devices. they say the devices will be crucial for erickson which is suffered under competition with

chinese companies. on american own cities group has shut down u.s. operation. signs of strain showed last september when it asked 1500 workers around the world ta 10 days unpaid leave through march. it's a three times last decade when facing tough market conditions. betty: softbank ceo has said humans will surpass humans intelligence within three decades. speaking to a conference in barcelona he said kampeter chips will have on iq equivalent of 10,000 in that same. softbank recently bought another company which will play a key role in artificial intelligence. on monday, china light and power posted a net profit of $1.6 billion, down 19% compared with last year. still better than what analysts

were predicting. joining us now is the ceo. great to have you. what do you make of the results this recent earnings season? we talk about your business in china, it seems like we saw your renewable were quite strong. your power business also strong. coal business with declining. what is next? underlying business saw an improvement. we did have one offs in 2015 there were not reflected in our 2016 results. the underlining business is improving. the core business. we do not have growth in our hong kong marketeer. india and china are our longer-term growth markets. we're continuing to invest in india and china. the reforms that are going on in the industry in china, the economic downturn, as well as strengthening coal prices and lowering of tariffs all have a combination.

into the broader context, three quarters of our profits in china come from renewable or nuclear power. we have a very clean energy portfolio in china which we think is a very good platform to grow into the future. yvonne: let's talk about the future. does this mean that you will decrease earnings and holdings on coal aspects until it is completely wiped out of the portfolio? >> it will steadily reducing decline. we will continue to invest in renewable. will be closing our investment 70% in the power station in the first half of this year. there will be another big investment in nuclear power. the cold portion will be shrinking, but we will be growing our renewables and nuclear portfolio. betty: would you consider dumping coal fire? >> we have some very good quality coal assets. one power station is one of the

cleanest power stations just commissioned in december last year meeting exceptionally high environmental standards. coal is still an important part of the energy making, -- countries such as china and india. clean up efficient coal combined with nuclear power and renewables gives us a diversified and balanced portfolio. to talk about your hong kong business because that is still the majority of your profits. the big question on a lot of investors minds is the renegotiation with the hong kong government on your return rate and fixed assets. the agreement coming up in 2018. what are you looking for in these negotiations? >> we will be working with the government to look at making sure that we have a healthy, reliable, clean and affordable power sector in hong kong. we have a very long history in hong kong and we do see this as our market.

this is our core market. the government is looking to introduce new measures that will help encourage energy efficiency and also see what we can do about increasing the amount of renewable energy in hong kong even though it is challenging to grow renewable energy here. we will be working with government to make sure that we have good basis for taking forward continued investment in the industry here. yvonne: is there a particularly desperate to go to a price range or percentage that you will be compare toor? has it shanghai, paris, and london? >> they are very low compared to major venture politics. certainly much lower than new york in singapore. we do need to make sure that we keep a reliable power supply here. with everybody living in a high rate -- rise building, we have to make sure the power is reliable. we had make sure we are meeting

carbon emissions targets, that more- will require investment. we need to make sure we are keeping the line vessel -- liability, meeting targets, and keeping causes low as possible. yvonne: you mentioned your stay cannot nuclear power project. your chairman was excited about the deal. tell us about the significance? >> it was our first investment in nuclear power. it been a important part of our energy supply for hong kong. then we had a second investment into nuclear power. we had a long partnership with china general nuclear. we are comfortable with the technology and them as a partner. we see this as an important part of our transition in investment in china towards winter energy. betty: i want to move to australia. talk a little bit about the power situation there.

havedities companies talked about expanding in southern australia but are worried about the stability of the power grid there. do you share those concerns? what can be done about that? are you worried about the power situation in australia? >> we have seen over the past few years closures of some very old coal-fired power stations. demand for electricity has been falling in the early part of this decade in the past couple of years it has flattened off. what we are seeing is a tightening between supply and demand. normally that would trigger new investments. there is new investments coming on stream with more renewable energy projects coming on, but these will take time to play through. over the current. period, we current

will see more volatility coming into the market. energy security is an important issue in any market. betty: do you think it is enough of a concern that it might affect investment in australia? >> it is a very big topic in australia. there is a lot of reviews and studies going on in the market at the moment. polilieve that sensible that loo that a balance between energy security, environmental performance, and cost is important. to come up with a consistent and clear predictable policy is what we will encourage or investment in the market. yvonne: thank you for joining us in hong kong. coming up, president trump may propose higher defense spending in his first budget. this is bloomberg. ♪

yvonne: this is "daybreak asia." betty: president trump's promised to spend heavily on it for structured has boosted worry. our editor is here with more on why this is so important tomorrow. >> everyone wants to know what those drop is actually going to

do. it is considered a de facto state of the union address. he gave us some information today when he was speaking to some governors from across the united states. his publicosing safety budget because it will boost military spending, get terrorist out of the country and more. let's look at the key elements in this plan. boost defense spending 10%, that is $54 billion. to do this you have to cut discretionary spending, education, the national parks, taking care of buttons cap -- veterans, these will be hot button issues. medicare is safe. promised to start spending on infrastructure big. he also talked about not being able to put together his tax plan until he knows how much health care is going to cost. therefore he thinks things at the move quickly on dealing with obamacare. president trump: the chaos that obamacare has created and for

which congressional democrats are allowing and responsible for requires swift action. newreportingerg tonight that the president is putting his final touches on the speech. there may not be a lot of details on his plan, but the question of health care and how that made drag out this process is certainly front and center for a lot of people who are watching the budget and what trump's speech tomorrow night may mean. is been in office for a little more than a month and everyone is taking the speech like the state of the union address. have -- will certainly want more clarity on fiscal plans. is if trump gets specific and goes beyond hyperbole to real details, this could create volatility in the markets. it could also boost the odds of the rate hike in march, which

guess what, the rate hike odds jumped to 50%. that is something we have not seen throughout this cycle. clearly, this is being closely watched. not just in washington and by citizens, but also by the markets around the world. betty: thank you so much. a reminder that you can watch president trump's speech to congress live in full here on bloomberg tv. special coverage begins at 10:00 a.m. hong kong time wednesday morning. 9:00 on the east coast. yvonne: we are dropping our asian programming for this. of course you will have the programming leading up to that monumental speech. in the meantime, markets rally before that.

>> 9:00 a.m. in hong kong, 8:00 p.m. new york. i am haidi lun in cindy. this is "bloomberg markets: asia ." airbag maker takata admits to guilt in court as victims seek to delay a $1 billion settlement. another one of president trump's team wins a senate backing. wilbur ross is confirmed. and a commodities trader is blowing in the wind as it pushes across asia.