♪ haidi: the door remains open for talks as president trump steps up the rhetoric on trade. >> wall street likes that idea. attention turning to payroll numbers come almost a quarter of a million new jobs. >> facebook admits it has been slow on security. we will hear from sheryl sandberg. haidi: hello from sydney.

i am haidi lun. we are two hours away from the open up markets. this is "bloomberg daybreak: australia." liu.am betty we will be talking about how the action in on wall street will be playing into the trading day. jawboningike that around the u.s.-china trade tensions might be just that. which is why you saw stocks rallying ahead of the jobs report we will get friday. here is where we ended up, the s&p higher by .7%, the dow adding 241 points. the nasdaq also rising. we saw yields finally picking up in the treasury market. haidi: that's right. what is curious is this back and forth, comments from larry kudlow saying the president is

weary of this relationship with china, but things the trade deal will be done. you have planned meetings and the treasury secretary to talk about these tariffs. look at the set up in asia. it looks like an equally end to the trading week. the kiwi out. again for the dollar. -- the kiwi up. a gain for the dollar. saying thealysts selling of the aussie against the dollar is positioning for strong payroll and labor market numbers. you think this risk on or less risk off, that risk averse

sentiment playing out, when it comes to commodities. copper looking better, seeing that gain after a steady selloff. gold features a little bit. futures, a little bid. analysts suggesting there is confidence or optimism on the demand side. may be issue of trade keeping the door open to negotiations with china, but president trump containing the rhetoric, saying beijing must stop taking advantage of america. kathleen hays is here with the latest. of the market tries to figure out trump's talk from trump's actions, what are we hearing? >> i would say they are not entirely inconsistent. president trump said it is time

for china to stop taking advantage of america on trade. he has made this point over and over. this announcement of tariffs on china, a 60-day public comment period. andites the united states its relationship with china, but says balance must be restored. this on a day when the trade deficit and to a new high, so this is an issue. does that mean he has been inconsistent? peter navarro says the u.s. is looking to hold talks with china led by steven mnuchin and robert lighthizer, but says we are trying to get china to stop aggressive attacks. as larryher hand

kudlow said earlier, everybody in the world knows china has not been playing by the rules. here is what he said. >> the damage to our economy comes from china's restrictive practices. china.ght on that, blame they have been doing this for decades. don't blame trump. trump is doing what everyone in the world has said we should do. saying what leaders have to do sometimes, they have to lead. wellresident is saying as that there are other nations with similar complaints. larry kudlow talked about a world alliance to deal with chinese trading practices, especially intellectual property threats, unfair licensing practices in technology. end, larry kudlow said we want to open markets, bruised growth.

we are not trying to punish anyone. is kudlow exaggerating when he says the world agrees with trump? japan havehe eu and said they want to join the u.s. in this case over chinese practices. is part ofouse case china's alleged theft of u.s. intellectual property. citingand japan are subsidin substantial straight interests. japan is one of the largest stakeholders in tech transfer to china. this complaint about intellectual property rights has been made many times. betty: thank you very much. sheryl sandberg saying advertisers have curtailed spending over the data privacy crisis. sandberg told emily chang that she take some responsibility for

the scandal. build our didn't operations fast enough, and that is on me. we had 10,000 people working in security at the beginning of this year. this year alone we will double to 20,000. we are massively investing in smart technology, and doing all of this to make sure we get to a place where we can proactively protect people's data. emily joining us now from san francisco. you spoke with sandberg. what did you learn from this interview? ?o they get it are they really doing the things they need to do to turn this around? >> we heard mark zuckerberg take personal responsibility for this and a call with reporters, saying he did not take a broad enough view. i asked sheryl sandberg today if she felt personally responsible. she said come yes, i made mistakes. in the last 24 hours facebook

has revealed that potentially 87 million users come of their data may have been improperly accessed by cambridge analytica, up from 50 million. cambridge analytica says it is closer to 30 million, but either way it could be as high as 87 million. they told us potentially every single facebook user, 2 billion plus people, could have had their public profile scraped. they have done a lot of things wrong and are making changes and making policies more clear and out there apologizing, but the question is will it be enough. one of the notable thing she said in the interview is that a few as her ties or's have caused spending in the middle of this crisis. she has been talking to these advertisers, working to rebuild the trust, but said the business model will not change. they believe it is a good business model and away to give everybody access to facebook for

free. stillaid, facebook is facing some very, very, very tough questions. there are a lot of people on twitter who are angry that don't necessarily believe the apology is genuine comes so mark zuckerberg will have a lot to answer to when he testifies before congress next week. does she think that mark has done enough and has handled the situation well? a mark zuckerberg did get couple of direct questions yesterday from reporters, do you think you are still the right person to run this company? he said, yes, i have made mistakes, but i.e. evolve and learn from my mistakes. sheryl sandberg reiterated her support of mark today when i asked it you think he is still the right person to run this company? take a listen. >> i believe deeply in mark. mark had a vision for what social services and social

sharing could be. vision remains important. mark along with all of us take for responsibility for what is happening here. we would not really expect sheryl sandberg to say anything different, but it is good to hear her reiterated her support for the current leadership and take responsibility for -- and she is the chief architect of facebook's business model, which leverages personal data shared with facebook. still a lot of questions. facebook says they are working hard to make changes. in the last 24 hours they took down 200 russian-linked pages and ads. the kremlin has said that is censorship. sheryl sandberg has reiterated that we know there are bad actors who will continue to try to take advantage of the platform. it is an arms race, but they have invested more than they have to prevent this bad actors from exploiting the platform.

impactd it will profitability, and they will have a new report at the next meeting. of challengesd and soul-searching there. thank you so much for that here at emily chang in san francisco. let's get to first word news with courtney collins. >> thanks. president trump pulling back from his call for an nafta deal by next week come saying something may happen "fairly soon."or cope -- he wanted an outline agreement so that he and mexico could make an announcement next week. now he told staff to take it easy and that he will have it done right or the accord will be terminated. president has renewed his attack , saying he is taking a serious look at what he calls an uneven playing field. he says he expects amazon's tax

situation to be investigated and it could be a decision from the supreme court. the president claims the u.s. postal service loses out delivering packages, even though his own staff says that is not the case and it actually makes money. tim cook will be questioned by qualcomm's lawyers in june as part of the chipmakers escalating legal battle with the worlds must label company -- most valuable player to company. it began last year when apple filed a suit, accusing qualcomm of overcharging for patent licenses. is part ofosition the counter suit of lying to regulators. saudi arabia has unexpectedly insed the price of its crude asia, sending brent crude to its highest in three years. -- lifted the official price by $.10 a barrel, taking the differential to $1.20.

wereers and traders anticipating a $.60 a barrel decrease. a failedr head of bitcoin exchange says he is no longer a believer. is herethe technology to stay, but bitcoin may have trouble in evolving and keeping up. he said he does not own any bitcoin and thinks its main rival ethereum is untested. the company filed for bankruptcy in 2014 after thousands of bitcoins went missing. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. haidi: thank you for that. still ahead, australian bonds trading at a discount to treasuries. bank of america says that may be coming to an end. a bloomberg exclusive later.

betty: stocks rallying for a third day as officials toned down trade. we discussed the future with oppenheimer funds. this is bloomberg. ♪

betty: i am betty liu in new york. haidi: i am haidi lun in sydney. you are watching "daybreak: australia." the s&p closing at its highest in weeks, thanks largely to toned down the rhetoric on trade. su keenan is here with more. it is still this trade war story moving markets. >> yes, we are toning down the rhetoric and stocks are bouncing back. is it a rally or short covering rally? what you saw was green on the screen. s&p higher for the third day. treasuries falling, the dollar

theing, a reduction for need of a safe haven, but let's go into the most active. amazon moving higher despite trump continuing to pound on the company, saying the internet giant benefits from an "uneven playing field." other companies down because of tariff concerns are now up. longfin surging. this is the company tied to blockchain. it shows you the whole bitcoin situation is back in the forefront. let's look at the the bloomberg, a chart here. the most shorted stocks are the ones outperforming, which could indicate not so much conviction, but concerned stocks might not be going lower. let's take a look at oil.

it came off its earlier rally on indications the supply is picking up in key hubs and that offset other positive bullish news out of saudi arabia. initialthe weekly jobless claims up more than a 45 year low, but the focus is on friday jobs data for march, expected to hold thejobless rate of 4.1% for fifth straight month, and economists are forecasting solid gains after outside job creation of more than 300,000. that will be the focus for the friday trade. betty: it will certainly be the focus tomorrow. thank you so much. let's get more on the markets with oppenheimer funds. do you agree? do you think friday's job report will be big news for the markets? all theiday itself

excitement tends to be around the job report. we always call it bingo friday. you raise a good question. we believe -- we don't focus on short-term movements in this. probably the job report will lose a little market attention in my opinion. we have spent the last 18 months for granted this global synchronize acceleration. the only problem was inflation and how the fed will spoil the party, so to speak, but in the last 2-3 months is that global synchronize growth is taking a pause. the growth numbers are starting to do celebrate and we are entering a soft patch, especially outside the u.s.. we are about to enter earnings season again. think the role i

of the jobs report as well as the fed in the near term will take a little bit of a back seat and we will focus on trade, growth, and so on. betty: what about on valuation? is this a good time for bargain hunters? i want to chart -- point out this chart which shows you how much of a premium in stocks has been knocked out from the declines we have seen through the month of march. we seem to be recovering a little bit, but if you are a bargain hunter and still bullish on the macro picture in the economy, this could be a nice time to get in, right? >> frankly, yes, in the sense that if you take a short-term view, you phrased it correctly by saying if you believe in the macro picture. that is the issue. the macro picture is not concerning in the since the long-term value for equities,

that proposition is still very much in place. if you are more worried about the short-term dynamics from you might want to wait for that macro picture to get more clarity. let's see how the soft patch plays out. otherwise, yes, over the medium to long term, the file you wish thes inequities -- anuations in equities offer opportunity to rebalance your corporate is to where you wanted them to be. haidi: momentum was something that took a hit over the last , and others.arma do you see a fundamental shift from growth to value? shiftt fundamental between growth and i you may not take place fully right now. regime has not fully

changed. if you do get a slowdown in the ,conomy and in risk sentiment what you might see is a loss of also the style factor. momentum has coincided with growth, however growth has also been strongly reflected in quality companies. that divide i think is still to find ato play out, resolution on that, and that is why maybe the whole story between growth and value, i don't see yet the catalyst for that to completely change at the moment. also beent has unusual is the behavior of frontier markets. i want to throw up this chart. -- emergingkets

markets have outperformed developed markets, and front to markets have outperformed emerging markets. do expect this story to continue, and do you think when you have these trade tensions and potential central market missteps -- central-bank missteps, do you see something that could derail the story? a topic we have been discussing extensively recently. we see the same dynamics where emerging markets, especially on a currency hedge basis, they have actually been acting as a ,ow beta play, defensive play during this selloff. i think we can attribute this dynamic to several things. it confirms the attractive valuations and under positioned exposure of global investors to emerging markets. the recovery in emerging markets really begin only 1.5 years ago

or two years ago at best, so while in developed markets we are dealing with a 10-year-long cycle. and weons play a role, are seeing that in emerging markets fixed income. it is highlighting that theme as the fundamentals in emerging markets are strong enough to withstand and handled very well even this trade tariffs and trade negotiation risks potentially at the center of an emerging market problem. asset classes are not suggesting that is a big problem at the moment. we expect that continue and continue to hold an overweight against all asset classes him equities, fixed income, and currencies. haidi: a pleasure having you on. a portfolio manager at oppenheimer funds. remember you can always interact with the charts we show you on tv .

andh up on key and analysis save charts for your future reference. this is bloomberg. ♪

betty: a quick check of the business flash headlines. on a mission to burst the myth of bureaucracy, telling shareholders "that is hogwash." thesis bureaucracy is a disease that slows down decision-making and kills innovation and is the petri dish of bad politics. haidi: pershing square said to be under pressure with many institutional investors asking to redeem their money. investmentf capital -- two thirds of capital investment could be pulled out. full-year profit will increase convenience store

operator. it expects operating profit will rise to 3.9 in dollars. much more ahead. -- $3.9 billion. much more ahead. this is bloomberg. ♪ retail.

under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

haidi: it is 8:30 a.m. in sydney. the final trading day of the week. futures looking pretty positive. another day of gains on wall street. a trade war have dampened the little. i am haidi lun in sydney. news forat was good investors. i am betty liu in new york. let's get to first word news with courtney collins. >> thanks. facebook told bloomberg it has a long way to go on protecting people's data and that some advertisers have been cutting back on spending. corporatedberg said

buyers are asking the same questions as ordinary users. is security type enough? facebook is reviewing protection tools after admitting that potentially all of its users may have had their data access illicitly. held ouro didn't operations fast enough, and that is on me. we had 10,000 people in security at the beginning of this year. this year will double to 20,000. we are massively investing in smart technology and doing all of this to make sure that we get to a place where we can proactively protect people's data. japan and the european union one to join the trump administration's wto case over china's alleged discriminatory licensing rules. new filings show brussels and tokyo say they have a substantial interest in the dispute going ahead. largest one of the stakeholders in technology transfer to china, and the

japanese nationals hold a significant number of patent rights in the country. exchangeinental limited is buying this chicago stock exchange for an undisclosed terms. the chicago board unanimously approved the sale, which follows an in-depth review of strategic alternatives. it is clearly in the best interest of stockholders. the deal is expected to close this year. the chicago exchange handles a fraction of u.s. stock transactions. malaysia has suspended the party of the former prime minister ahead of an expected election later today. seen asay ban is weakening his challenge to the current prime minister, with a vote possibly coming within two months. this is pension comes after the party failed to provide certain information to election authorities. it is not known what that information was.

a brazilian judge has ordered the arrest of the former president a day after the supreme court rejected his appeal against imprisonment. he had been convicted of corruption and sentenced to 11 years. he argued that he should not be jailed until he had explored every legal appeal, but the supreme court denied that. he is banned from october's presidential election, although he is the clear favorite. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. you so much. president trump calling president xi jinping a friend, but says it is time to stop china from taking advantage of america on trade. u.s.resident touched on trading relationships all over the globe. >> you have to go after the people that aren't treating you write, and in many respects i think we will have a fantastic

relationship long-term with china. we have to have some balance. >> our editor joining us now from washington. betty: trump giving comforting messages on trade. conflicting messages on trade. is he trying to dial back expectations here? >> he is going after china, and he also mentioned the eu treated the u.s. unfairly on trade. at the same time, his advisor larry kudlow was talking about putting together a coalition of the willing, other trading partners to go in with the u.s. and putting the squeeze on china , and that would presumably include the eu and japan and others that he has criticized in the past. there is something about expectations as well with other things going on, including nafta

, whether they can pull together agreement in principle by the summit of america's later this month. eu is nothas said the treating the u.s. fairly on trade. are they in his sights again? 1 toey have until may review whether or not the tariffs on steel and aluminum .ill be in post on the eu the administration could extend them or negotiate something to give the eu an exception. curious tactic when they are trying to get the eu go along with the u.s. in terms of pressuring china. that would be one of the biggest trading blocs they could bring into any action to try to pressure china. we heard from justin

trudeau saying significant progress is being made on nafta. what is the latest? >> that is the most significant statement we had from government. trump was saying let's not try to rush things. all three countries have been suggesting they could have this agreement in principle within the week. there will be a meeting tomorrow with the top trade officials of the u.s., canada, and mexico in terms of trying to get through some of these remaining issues, which seems to be right now boiling down to gary and cross-border trade. dairy and- cross-border trade. there is a lot of optimism from everywhere but the white house. haidi: thank you so much for that. our editor there in washington with the latest. let's get you an update on the

markets. talking about this to and fro when it comes to trade. it does not sound like trump's rhetoric has changed, but investors feeling better about the whole thing. new zealand underway .3%. 7225.wi dollar at again for the u.s. dollar the third time this week. sydney futures looking more positive as well. the aussie dollar not hanging on to those gains thank to retail sales numbers yesterday. looks like some positioning into the u.s. dollar going into what is expected to be strong payrolls and labor numbers out friday. dollar-yen seeing or spite going into the open in tokyo. sterling falling the most in a week. the u.s. 10 year yield above 2.8%. gains we saw in the s&p, closing at the highest level in a fortnight. still yet more of a holiday

china, hongsia with kong, and taiwan markets still closed. let's get more on what we should be watching as the friday fray gets underway. one market under real pressure is india come equities at least. has anything changed given the rbis staying on hold and sounding more dovish? how youmes down to think that economic growth will play out. .specially the consumer sector it has been such a great performer, a popular place to be for many global fund managers. the sector was up 50% last year. turn totion valuations and how much you want to pay for earnings in the consumer sector. this chart shows you that it is down to valuations now, and some consumer stocks looking pricey. one fund manager at axis mutual

says to give you a quote from him, "if you want to play in india, you have to invest in stories directly linked to consumer spending in some form." ratess with indian growth and the economy as a whole forecasted over the next several years, there is plenty of room for prices to go maturely higher for a lot of these consumer names. he has had a great track record ofe up in the top 96% beating his peers in terms of fund performance camusso a great fund manager there. he says there is a lot of upside and consumer stocks and is happy to stay within some the popular sectors. haidi: one of the big debates on wall street is where we are in the cycle for this aging bull market and whether we should position for the end of the bull run. ofthere a risk of all getting out too early, or is it about time?

offe are only a few months being the longest bull market in u.s. history, so we are constantly reviewing and having that conversation with traders and investors. what is unusual about this cycle? why was this cycle so long? how much longer can it go on for? perform can equities within that environment of the late cycle? as this chart shows here, this gets to the heart of the matter. of career risk and opportunity that can be lost if you sell out too early as these yellow columns show. there is a lot of upside to be lost in that final 12 months of the bull market, so indeed there is not just career risk if you are a fund manager, material

numbers at the end of the year, that if you get out of the rally to early, you miss out on significant outperformance during this latter stages. this is a key conversation investors are having at the where werying to way are in that cycle and whether or not they should start to dial back risks. the majority of global managers still heavily overweight in equities. a have been trimming u.s. positions and are looking for more value that is available in continental europe, maybe the u.k., a very unloved market. we saw citigroup go bullish on the equity market yesterday. there are pockets of value, but where we are in that cycle remains a key question for people. betty: thank you so much. our bloomberg global markets editor. next, the rba keeping rates at a record low for 20 months.

bank of america merrill lynch says a hike may be imminent. more about that call with the bank's head of economics and rate strategy. this is bloomberg. ♪

>> on the flipside external demand could be adversely impacted should crude oil prices persist at elevated levels or increase and trade protectionism intensified. week, as policy is being formulated, let's wait and see what winds up happening and make a reaction.

we think there is still a lot of uncertainty. i think there is a lot of uncertainty as to how this will play out. we will have to see where the chips fall. >> this is something we will have to monitor closely. the direct impact so far has been small. if you look at particular types come outts that have with additional tariffs, thailand is not a major exporter and counts for a very small share of thailand total exports. betty: central bankers from around the world talking about a potential trade for between china and the u.s. and how they take that into account in setting monetary policy. haidi: one of the world's biggest banks will raise rates as early as november, a call

more aggressive than markets anticipating. economicse head of and rates strategy for bank of america merrill lynch. why? been upbeat in terms of the outlook for the economy. people were worried about the downgrade to aaa. we have been upbeat the economy is doing well. we are more optimistic wages will find a bottom this year. will rise towards 2.5% overall and inflation will pick up. when you have normal growth and above trend growth with inflation rising, the rba will be more confident. they will be prepared to raise interest rates from a record low. to couch this as normalizing interest rates, removing accommodation if you will. , maye currency continues be on a trade weighted basis as

other central banks raise rates, that will support the services sector and push inflation higher. i think the market has been capitulating on the view the rba will follow the rest of the about haidi: if we talk convergence when it comes to monetary policy, i want to drop this chart. you are saying the bond yield spread is hitting a bottom right yield relativer to the 10 year treasury at the lowest in 40 years. >> that's right. we expect the rba to start following the fed and expect the federal reserve to continue to raise interest rates. we expect to more this year and three more next year, but the rba responding eventually to inflation, not just this year, but next year as well. that is the short-term interest rates. in funding markets come you can see what has been happening. interest rates are

already following global trends and moving higher. market interest rates are not whiting further at this point. haidi: does that call and trend reflect the macro outlook, which is still a property market. major cities are still overheated. high household debt, no inflation, and oma's record low wage growth. >> we expect wages to start heading higher. for a gradualre tightening cycle at some stage in the future. conditions where the rba will be on hold forever. the way the market is pricing it at the moment, i think they feel that will be the case. also in terms of global growth, there are concerns with the tariffs and trade outlook. come a synchronize growth, is that the strongest pace for 10 years. i think the economy will respond to that eventually. betty: what does this account

for in terms of your outlook in the u.s. on rates and what the fed will do? >> we can expect the continued normalization from the fed, to bring more this year, three more next year, so a slow, steady normalization of interest rates. if the rba was going to be on hold next year, you would think we would can 10 you to see a widening of the aussie spread over all. the fed deliver those interest rate hikes and you see the dollar strength in on the our keythat -- one of views -- we see the u.s. dollar benefiting over this year and next year, and that would see the us he dollar weaker and be a transmission mechanism of normalization in the world into australia. accountony, taking into in that certainly the fed having a big impact here. the fed on rates, but also the dollar.

what about the macro environment, the u.s.-china trade tensions, with other countries? how does that factor into your view on what the fed does? >> we are pretty optimistic when it comes to outlook for the u.s. overall. we have fiscal expansion in the united states, ongoing momentum in the labor market. the current lack of full of the dollar -- level of the dollar is quite supportive to the industry. reflective and bond yields. if pun yields rise, we expect the 10 year yield at 3.25% at the end of this year and austria following. that is a reflection of u.s. global growth strengthening. we don't see the tariff issues derailing the outlook for china. the chinese think it most it might take .3% off chinese growth. if global growth continues to move forward, the u.s. dollar strengthened in response to a strong u.s. economy, weaker aussie dollar, in terms of the

response of the aussie dollar, it does not seem to be unsettled at all by the threat of rising trade frictions, and that shows you austria's outlook remains relatively optimistic. haidi: things ever changing on the trade front. statement from president trump ordering the u.s. trade representative to consider an additional $100 billion in the tariffs against china, saying they have instructive representatives to look at her tariffs as needed on the proposed action under section 301. you look at the time of this statement saying china has been unfair, has chosen to harm u.s. farmers and manufacturers, , $50 billion,tion but could australia benefit from this? particularly when it comes to agricultural and services in australia? >> most of our exposure is

through exposure to china, liquid natural gas continues to accelerate, tourism and agricultural. haidi: wine. >> that is one of those issues over all. i think overall we would see posturing on the situations as posturing. we wait to see what the u.s. does on nafta as well, but at this point in time the fact the aussie dollar has not responded is reflection that it is open-minded at this time. haidi: what is your call on the u.s. dollar? >> we expect the u.s. dollar to benefit from repatriation flows. we saw that underestimated by the market and over focus on the twin deficits, but as money comes home and rates rise can be us dollar should strengthen this year. haidi: tony, pleasure to get you on. have a great weekend. tony morris, bank of america

merrill lynch here in sydney. you can watch us live and catch up on previous interviews using tv . you can dive into securities are bloomberg functions we talk about. join in on the conversation by sending us instant messages during our show. this is for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪

betty: some more headlines out from the white house, saying president trump has instructed the u.s. trade representative office to consider $100 billion worth of tariffs and whether they would be appropriate under section 301. also instructing the secretary of agriculture to support other members of his cabinet and uses broad authority to implement these measures. theses a ratcheting up of tensions between the u.s. and

china, but i thought interesting the statement, the president saying the u.s. is still prepared to have discussions with china to-- achieve what he calls free, fair, and reciprocal trade with china. haidi: it is an interesting combination of another threat. it will be interesting to see makes of that with the markets closed for the holiday. a reaction in dollar-yen, falling to that session low, 107.19, watching that going into the tokyo open. depending on how you look at it, if bit of a victim, the safe haven given these trade uncertainties. the meantime of the this is flash headlines for you. on a says a cyber attack contractor has potentially

expose the payment data of several hundred thousand customers. and september allowed access to payment details. delta says it can't say how many customers have their data stolen. does not have the capability to buy and turnaround air india. indigo had expressed interest in acquiring the international operations and the air india express low-cost arm. it says that option is not available under the terms of the government plan for the debt-laden carrier. haidi: jetblue offering some ordering 97 engines to power new airbus planes. that means jetblue will take 183 turbofans in a deal valued at around $2 billion before discounts.

pratt and whitney's latest turbo fan engine entered service two years ago and has been plagued by durability issues and delivery delays. plenty more to come. betty: robert lighthizer santarus are subject to public --

♪ yvonne: president trump turning up the heat on china, says america deserves that are and may order $100 billion now of new tariffs. >> the yanis strengthening on the president's latest threat. they are saying it is better than world war. >> u.s. employers may have created a quarter of a million new jobs last month. >> meetings, red tape and bureaucracy, a few of the things that