♪ paul: u.s. stocks and positive in the dollars is the highest court in three months. facebook is among the late winners shrugging off controversies to post record at sales and daily users. paul: president macron urges america not to turn inward. and a good election

result our exclusive interview coming up in the next hour. hello from a very foggy sydney where we are passed in -- 8:00 inmorning the morning. betty: and it looks like a very foggy sydney behind you paul, and it is 6:00 here in new york and will look into the action of the wall street that plays into the asian trading day. the market is looking good today all the earnings disappointed, but one star is facebook. campaigne facebook marketing that active users on the social media network and the stock is up 7% in the aftermarket. a quick check of how we traded today in the u.s.. tech shirts struggling a bit but overall markets are higher in the dow is up 60 parts.

the s&p higher as well and the nasdaq also taking a bit of heat, say mixed open. paul: it is looking reasonably positive at the moment with new zealand and australia resuming trading after yesterday's public holiday. new zealand already up a 10th of 1% of the kiwi dollar white down by the greenback strength. as for how we ship up in australia, it is fairly positive with futures indicating a pop of 6/10 of 1% at the open. belowssie dollar slumping $.76. the kiwi with little change. on commodities, gold has been slipping, as has crude. at 68 dollars, and iron ore in order continues to weaken as commodities remain volatile. facebook shares as we

mentioned are soaring in late trade after first quarter numbers, and we see the revenue jumping 50% and bidding analyst estimates. ocial network remain spoiled in controversy, and emily chang is with us with the details. has the controversy not phased facebook? the cabbageind abacus scandal broke out towards the end of the corner so we may see a greater impact from that and the current quarter and it remains to be seen. listening to the earnings call, sheryl sandberg had a lengthy runwaytion of a lengthy with instagram and facebook try toer and whatsapp, prevent those jitters that investors have been feeling over the last several weeks.

iniously revenue is coming your records with $5 billion in profits. active users meeting estimates and no apparent impact so far from this delete facebook campaign. there is also a change in tone from mark zuckerberg. andas been apologizing explaining they are changing the rules and he came in on this call saying we need to keep moving forward. that said, he did say facebook will be ready i the time the 2018 midterm elections roll fake actorsevent from meddling on the platform. take a listen. 2018 will be an incredibly important year, to our big election is not only in u.s. midterms, but major elections upcoming in mexico and brazil, india, pakistan, and a number of countries around the world. this is important. emily: until now zuckerberg said

security is an arms race and there is no way that actors on the platform, but we heard more certainty from him today that they will be ready for midterms and the focus for this year is keeping the platform safe. what does the privacy scandal mean for the rollout of any richer facebook products? is their caution exercised around that? gdpr, the new passive relations in europe is rolling out later this year and zuckerberg said he will adopt the regulations not just in europe but around the world. how that question of will impact facebook and how it will impact the bottom line. we see a broader shift at the company to a more meaningful connection, and less on time spent. they are not giving

out a might trick time spent and that is not the focus, is on meaningful connections. when it comes to the business, there still a lot of run right --h ads and the burly shots and they barely scratched the surface. here's what she had to say about the business model. wewe are proud of the model sell and ensures people see useful act and allows millions of businesses to grow and enables us to provide a global service that is free for all to use. a lot of questions of how the current controversy is going to impact the current quarter, but you have analysts out there continuesank facebook to have long runway and he takes all the controversy will just be a blip. paul: bloomberg technology's emily chang, think you for the meaningful connection this morning. and for more on this story go to tliv from bloomberg's expert editors.

facebook was just one of many big-name companies posted numbers today. we had earnings from twitter, qualcomm, and su keenan is here to get us through all of that. but start with qualcomm. su: they gave a positive outlook. generally much more than analysts expected and they expect optimism for cell phones of the china market, the biggest market for cell phones showing signs of life. rose atqualcomm stock 4.8 billion, and that is versus analyst estimates. they are at the higher of the higher and, and the biggest maker of chips that power smartphones. they are the key indicator for the sector, and recent reports executive'srns,

send the smartphone market in china is starting to improve. the stock has fallen for the percent year-to-date so this is a much-needed list for qualcomm. also note that it has fallen going into this report. twitter is a different story, from the deja vu we saw with caterpillar. i am giving you the today chart to see the reaction, expect up at 40% immediately after twitter came in at the expectations. after thelunged executives started talking on the conference call. they warned the pace of revenue growth -- it is going to slow in the second half. the stock was down 7.7%, reversing the increase earlier. but there is still rebuilding credibility and they continue to position themselves to expectations so they do not get out of control. and we saw with caterpillar, it

has to disappoint investors. the monthly user growth was up, but nowhere near facebook. most of the twitter but is outside of the u.s., and wall street was not impressed. betty: this talk about something impressive, which is visa beating the highest estimates and ford announcing additional cost cuts. millennialstek the -- visa can thank the millennials. look at the rise after hours. if you go into the regular chart you can see visa is the fairly well and younger power are powering these cards. comparisons in jumped up and revenue growth is better than anticipated. many key business drivers including strong growth in

payments online. and they announced new budget cuts and the are going to kill some of the models that aren't selling well. that's going to the after hours chart and you can see it rose on the news that cost-cutting has been a good way to boost the stock. betty: su keenan there, thank you so much. time for first world news. >> what has is it provide details of talks but confirms that department the president's top economic advisor larry kudlow but apple produces the majority of its products in china and lists the nation as its third-largest market, so it is naturally concerned about any lasting disruptions to trade. court is set to uphold president trump's travel ban after justices heard arguments challenging the

policy. the rule on measure that indefinitely dance more than 150 million people from entering the united states -- opponents say trump overstepped his authority and was motivated by anti-muslim bias. the travel ban blocks are limits people from iraq, syria, libya, yemen, and north korea. china has raised the quarter for funds to invest in overseas securities for the first time in capitalars, easing curves and further opening its $40 trillion financial sector. the quarter was pumped to over $98 billion as of tuesday from 90 billion and that is the first increase since march of 2015. and five years after winning his narrow selection, prime minister has told bloomberg he expects a better result this time.

in his first international media interview for three years, he discussed the challenge for his one-time patriot, as well as scandals surrounding malaysia's state fund, six decades in power. of parties --ion they don't have much in common, their comments for decades, i don't see how they can work together. ourtney: don't miss malaysian election special on bloomberg television. all the news and reaction on friday evening. stay tuned. global news, 24 hours a day, on the air, and at tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg.

betty: we are getting a piece of breaking news coming out of house democrats the energy and commerce committee. shareholders of facebook are quite satisfied with the results, however the house democrats are not satisfied and they are saying they sent hundreds of follow-up questions to facebook ceo mark zuckerberg. denoted has been the weeks since the hearing and they have heard nothing yet from the facebook founder. a headline coming out in response possibly after the results cannot from facebook. frenchmeantime, president emmanuel macron sink protectionism holds major threats, addressing congress, he made a plea for free and fair trade. >> a commercial war is not consistent with our missions,

history, with our current commitments for the global security. at the end of the day, it will destroy jobs, increase prices, and the middle class will have to pay for it. betty: let's cross over to washington with joe sobczyk. the president wasn't shy of what he says is the wrong way for the u.s. to go. fairly light reception in congress. there was for good and standing ovation after he ended his speech, but the reaction broke down along party lines. andcrats were enthusiastic they were cheering for him and in remarks afterwards. but he also struck sour notes for republicans, particularly on climate change and the iran deal.

representative massey, a rock written conservative from kentucky tweeted that macron is a socialist, globalist, science alarmist. that gives you a bit of an idea of where some of the fault lines fall. with the express the considered a traditional republican pitches, free trade in multilateralism and international organizations. but those positions have a sticking constituency under donald trump. derivativerather week aside, it is president macron's attempt to save the iran deal getting traction? it didn't appear to change might in congress, but whether he will change president trump's mind -- trump himself actually gave some measure of

encouragement and calling his blueprint a new deal of sound foundation. there are negotiators from the u.s. working with european allies on a plan along the lines that macron has outlined here. the biggest challenges there is no guarantee that trump is ready to go along with it. that will be the big test for the negotiators, and also for the eu and macron. editorloomberg congress joe sobczyk, ask for joining us. coming up next, a face-off in the malaysian election and more of our axis of interview coming up. trade, and at, global growth outlook next. this is bloomberg. ♪

paul: i am paul allen in sydney. betty: and you are watching "daybreak australia". momentum slipping after reporting the best month in seven years, and emergent downside risks and tension between the u.s. and china. the ecr ibegin cofounder and chief operations officer. good to see you again. before we talk about globalization and the trends you abouteing, on to ask you this 3% yield on the treasury note. what does that indicate to you? -- a few thanks things. there inflation fears and you see the two-year pushing 2.5%, pricing in an aggressive fed. with the inflation measures coming closer to the fed target,

maybe there is more of that to come, but it is somewhat paradoxical. we have inflation pressures and the developing world. betty: paradoxically in what way? for. careful what you wish the people remember six-month 2008, it was higher than it was right now, but six misses the recession the ark it is pricing in 100 basis points of fed tightening. and we turned the other way quickly. we have a slowdown, in the fed has a binary choice. they are in tightening mode or easing mode, and they are tightening into a slowdown. and its to get resolved, is a game of chicken to a degree. the last three slowdowns we have

had since the crisis, each time the fed has backed off. that is 2010, 2011, and 2014. betty: what are the chances the fed backs off? >> they are on course of the model is telling them that they are forced to do it. it is no mystery when you look backwards around stumbles in the economy or the market that the fed is in the room. they are somewhere in the corner. overstaybe typical to what they are doing in this course. paul: you mentioned we are tightening into a slowdown -- or rather the fed, and where getting mixed signals the equity markets. saying we arellar at a high watermark, and boeing is a bit of a bell for how the

economy is doing. what does the evidence you are looking at? evidence,s a lot of i'm early by forward-looking is long leading indicators, which turned out in the end of last year anticipated slowdowns. when we look at some big basic like gdp growth, you see u.s. hit 3.2% in the past, and as the number that it relies on a little. forthe best guesstimate 2018 is closer to 2%. there is a slowdown. japan,look at europe or you are seeing the same kind of deceleration showing up. i think the pmi has hit high readings recently and are collectively backing off. this is consistent with a slowdown.

when we look at trade measures, we are seeing the same thing happening. the run-up in synchronized goebel growth of last year is already starting to roll over. i mentioned this before that in exporting which is bellwether as negative print in gdp. there's lot of other things going on, but exports bellwether canary in the: that's a big is up with the global economy. paul: and there is a political dimension to the trade questions. there's a report that the truck delegation to beijing will probably fail to resolve trade disputes. you have in the optimism for steven mnuchin's upcoming visit? >> i'm always optimistic and it is good to talk about is a good starting spot.

i don't think simple policy is going to resolve this. a policy shift that can be hammered out at the negotiating table. has made trade a key issue. it is a key part of how the u.s. is supposed to get back to where it was before. when you look at our trade deficit, china and mexico are big ones for the united states. where you see is nonpetroleum goods deficit that has ballooned out and it is going parabolic and going fast. this is2 month basis, the worst deficit we have seen between china and united states on nonpetroleum goods in history. that is a structural think and that is not going to just disappear with a little bit of a trade agreement. betty: are you saying that trump

is -- there is substance with wanted to renegotiate the u.s.-china trade relationship and globalization, despite all of its benefits according to the actually what is driving the deficit and putting the u.s. at a disadvantage? >> there's two things come at trade deficit and merit to looking at the sink what could be done. looking at what can be done. everybody watching this television does that. because youanging did a trade agreement, maybe prices go up a little bit and that is a risk factor, but when you look at globalization people blame a lot of globalization. gtv chart you have a that shows globalization reversing. >> it is reversing since the

financial crisis. this is a measure of globalization and that i get that trade is growing faster than gdp. this line is the growth rate of world trade minus the growth trade of gdp. to the left side the lines begins at the beginning of the century asked 2000 and you see after the recession, below the white line, it goes positive well over five years. that was the big globalization sytsunami. it was a wave, that we are still upset about. it angers people. but following the global financial crisis, when you see is the line goes negative. is deglobalization. and then it pops up at the end. the end is in

everybody around the world hoping things are getting normalized and where going back to the way things are. sorry, but,say you, the leading indicator is showing a slowdown again. that is what we are starting to see already in the data. betty: thank you so much. we appreciate you joining us and giving your contrarian views. ecr i cofounder and chief operations officer. we have more ahead on many other issues affecting the market today, and remember bloomberg users can interact the charts using gtv . analysis andhe key save the charts for future reference. paul: and there's plenty more to come on bloomberg. a motley crew, the malaysia prime minister assessing opponents in next month's election and our exclusive interview is just ahead. this is bloomberg. ♪

paul: it is 8:30 a.m. in the morning in sydney with the market opening and 90 minutes time, and yet futures up 7/10 of 1%. betty: what a clear day as the markets come back. room watching "daybreak australia". let's get to first world news with courtney collins. courtney: facebook search that are topping estimates in the first quarter despite a series at sales areies, your records and users keep logging on and revenues rose below $12 billion, beating

forecasts. facebook says it has now almost 1.5 billion daily users. they can which analytica scandal broke towards the end of the quarter and its impact to be felt later. french president emmanuel macron has told america that turning its back on the wider world is a major risk. he appealedongress, to the u.s. not to look inward as he listed a range of threats, including climate change, nuclear weapons, inequality, and fake news. centurybuilt the 21st i'm a new type of multilateralism. war is notcial consistent with our mission, our history, with our current commitment for global security. at the end of the day, it will destroy jobs, increase prices,

and the middle class will have to pay for it. iran has ruled out any renegotiation of the 2015 their deal after france just did a new agreement with keep the u.s. on board. requires iran to curb its nuclear program in exchange for relief from international sanctions. president trump calls it insane does that the abandonment. iran says it will not entertain new talks and will walk away if washington drops the deal. >> i have spoken with president macron several times and i have told them explicitly will not at anything to the deal, or take anything from it. the deal is the deal. courtney: and lockheed martin will provide its latest fighter technology on the f-16 and will offer a bid to win a $50 million order from india. the plane will be equipped with advanced new radar that is

fitted to the f-35 as well as a helmet mounted tracking system and a new radio data link system. f-16ut also shifted construction from texas to india. global news, 24 hours a day, on the air, and at tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. paul: we are back trading this part of the world after the public holiday on wednesday. a quick update on the market, and new zealand is looking flat. the kiwi dollar weakening slightly after the strength of the greenbacks, and features in australia like a positive, dodging but we saw in u.s. markets on monday, up 7/10 of 1%. the aussie dollar finding

.75.ess at and the japanese also losing ground against the u.s. dollar. and we see the 10 year with the three handle. u.s. stocks are closing higher. in asia we are joined by bloomberg's markets editor, adam haigh. china lifting the court up to put more money overseas. what are the implications? >> this is the first time to have increased this quota, the qualified investor quota is the amount that domestic mainland chinese institutions can invest overbroad. this speaks to the easing of those capital controls. $98 billion, it is not a huge jump but material and is

part of a longer term trend in white the are doing it now. ultimately do have a cushion with the strength they have got from the currency. chart inn see in this your gtv library, we are back to levels we haven't seen him a few years for the yuan against the u.s. dollar, which gives authorities some room to move. on the back of the new eeoc governor we heard from earlier this month, he is pledged to speed up the opening of the market to foreigners. capital moving in both directions, allowing more out of china and more in from foreigners into china. it is part of a slow and steady move, and the implication is it will take a continued mental step in the fact that china is trying their hardest to try and move forward in opening up financial markets. betty: the aussie dollar has taken a beating and morgan

stanley is saying it may continue. why the downbeat tone to that thesis? interestingen an week or two for the aussie. the currency is under pressure, and some of that is a function of the rebound we have seen in the greenback. there's also something more fundamental going on here, and does the outlook for interest rates. as heically in australia, compared to what the fed is doing to the u.s.. this chart shows the spread inversion energy to be library. is about the relative yield play and many did think that australia would lose eight bit of that other after the bond yields in the u.s. relative to australia pushed on, and that inverted a few months ago.

what is happening is there is still a lot of demand for australian bonds at this point. noteswas a sale of tenure recently that was very well bid. the folks at morgan stanley, who we will hear from later on, in an interview with bloomberg tv, the rba can go anywhere. it will be told months if not ine before they raise rates, which case australian bonds still look appealing in this environment. haigh, thank you for joining us. and you can see the charts at him mention and gtv users can catch up with key analysis. and we get breaking news right now, the takeover bid for health a company listed on the asx that provides health care services and manages networks of hospitals in the next. 2.36 per share, a

$.33 premium over the close that we had on tuesday afternoon. health scope says that bgh consortium also includes an unsolicited bid, takeover adjustments, and we expect to see the trade when the market gets underway in just over an hour and 20 minutes time. betty: five years after leaving his party its nearest victory, he is expecting better results inthe elections next month his first international media interview in three years. he told bloomberg the opposition led by his former mentor cannot work together. peoplei feel that most want more predictability and more certainty, and they want a government that is able to deliver. the fact that over the last five

years we have the livered, and they know we have delivered. the is key to confidence. fore is no movement changing the government. i don't see that. that is not saying we will win with a huge majority. i am not going to predict that, but i am going to say we are reasonably segued with the result. >> can you put a finger by how many seats you will when? you think it will be more than 2013 and is a majority achievable? i haven't set a target for several reasons. i think generally speaking, i am expecting a better result than 2013. is reason is the opposition

a collection of parties, and they don't have much in common. very aggressive in their comments of one another for decades. i don't see how they can work together, really work together. for you are heading against each other in the election, what went so wrong with was a er?endship and a pe manb: i have studied the and he is obsessed about control and calling the shots. there is this gentleman rule so to speak -- you don't get david previous prime ministers in the u.k. telling the theresa may what to do. day, when i am in office, i

would not want to enforce on my successor. but, he is obsessed with control, and the key is he wanted me to do his bidding. in my case it was when i did not continue with his request. and was a turning point, after that he declared an open work against me. paul: that is malaysian prime minister speaking inclusively with bloomberg's rosalind madison. withome interesting things the malaysian elections. i want to bring up a chart from the gtv library. those circles shows you what happens the currency anytime there is an election. anytime.iably dips the malaysian economy growing

the fastest, and we see the u.s. dollar strength as well. an interesting trend to take note for. betty: and a recovery after that, and we will see how perhaps the market forces that malaysia can control -- which is treasury yields, and how that affects flows in emerging markets. we will keep an eye on malaysia and don't miss our malaysian elections coverage on bloomberg television. we actionss, views, on friday evening. and facebook is jumping after shrugging off scandals and posting record. that is next. this is bloomberg. ♪

betty: good morning, i am betty liu in new york. paul: and you are watching

"daybreak australia". -- let's get a check of business headlines. it back to the new assets the fastest pace in seven years, and reporting billions of dollars of earnings and revenue that are better than expected in the seo is entering the final stages of his three-year turnaround plan and told us he is reluctant to forecast the future. >> it is volatile. it depends on the economy. but the pace, we are at the 13% increase in asia. rate issingle-digit achievable. betty: qualcomm results sparked optimism of rising chip demands for fun makers in china. it saw sales of up to $5.6 billion and up from 5.2 in the previous three months.

second-quarter profits were $.80 per share, beating estimates of $.70 all caps is china's smartphone market to start to improve after orders during the at the end of 2017. weak ebay has given a outlook for the current quarter sinking the expects revenue to only just meet analyst expectations of $2.68 billion. shares slumping over concerns tot the company's ability return consistent growth, investors look at ebay sales to see if they remain relevant in a market dominated by amazon. betty: square rallied after upgraded to a buy and the stock had fallen the writer session on a warning the pace of revenue growth will slow. twitter because to the first quarter and says it will be tough to replicate growth rates in the second half of the year. investors should look beyond the midterm and examine transfer twitter that were more constructive.

facebook jumped into late trade after shrugging off a difficult period, bidding estimates in the first quarter. this is despite a series of controversies. ad sales are at records and users keep signing on. its discuss with digital content reporter, so much for delete facebook, right? >> the users did not go away and that is the headlines will here for the next couple of weeks. paul: were you surprised by that? the pick up an active users, up from the estimates come another 10 million active users. there were predictions from goldman sachs that perhaps the cameras analytica scandal would have little or no impact.

have those people been vindicated their analysis, or as emily chang suggested earlier, who was see the impact in the next quarter? jason: facebook loves to talk about the user number, but what matters here is the time spent per user, which wasn't talked about. they actually refused to answer the question what analysts asked. facebook usage is down 10% year-over-year. that means people are spending less time on the product, and that is a real problem for them. we are getting a headline coming from french president macron, saying he thinks trump will pull out of the iran who clear deal. he appears to be making these comments in a speech right now to a university. he thinks trump will pull out of the iran nuclear deal and trump will

likely if the deal for " domestic reasons" and he thinks trump will from still tariffs. journalists into washington right now and these are were the headlines are coming from. president takes trump opel out of the iran nuclear deal and it was a major objective of macron as he visited trump. we will look for more headlines coming out as macron continues to speak with u.s. journalists in washington. in the meantime, jason, back to you. you mentioned some troubles in the numbers for facebook in the sense that they still have daily active users but spending less time on facebook. first off, how concerned is facebook about that, and how can they improve that? --rtney: i think it i

jason: they want people to spend time more wisely in the product. spent ist summer, time down double digits according to nielsen data. people are starting to connect the dots between fat and true -- people are connecting the dots between that and true trust issues. this is a problem for them. be fair to facebook, isn't a problem for all social media platforms and people are spending less time on these platforms? jason: instagram is actually growing quickly, and that is a facebook on product. facebook tougher that is down. apps areial media doing well, but facebook is the

core and is a problem for them. betty: are we seeing a ripple effect for the businesses that rely on this ad platform that facebook has? are we seeing that ripple effect? jason: not yet, but a big topic on gdpr and privacy relations come into play on may 25 will limit the ability for facebook to continue to do what it does best, which is collect data across the web to allow advertisers to target individuals. that is going to put a hamper on their business, and the cfo started to show signs of hedging in terms of how gdpr can affect their business, particularly if it goes more global. you think the worst is over in terms of the questions and revelations over privacy? we had the news today that house democrats have hundreds more questions for facebook but they have not received an answer for.

this roadshow notwithstanding, is the worst over in terms of privacy questions? jason: not even close. the most striking thing to me is there was knows he no question about the ftc investigation about facebook, which has a significant find attached to it if they are found guilty of those violations. they have a hearing tomorrow in the u.k. with their cto, that will be a big deal around the cambridge analytica scandal. they have a number of other items on the dock. over in terms of digging into and asking more questions. ticket for kent, joining us this morning. get a roundup of the stories you need to know in today's edition of daybreak. bloomberg subscribers can type dayb in their terminals and it is available on mobile and the bloomberg anywhere app. this is bloomberg. ♪

betty: earnings is a major story today and we cap down the release the next hour and five out of if the company doesn't fact hit record profits for the quarter. to reach go there was a preliminary announcement, and my what we need to know about samsung? some sense memory chips versus display, and we noted display business get a lot of money from apple. or on that in just a second. call ande preliminary we expected when it comes out in the next half hour or 45 minutes or so. in the meantime we see expectations, and we show that on the screen and walk you through the profit forecast. when samsung cannot these

numbers, they said this is what we should expect. $14.4 billion profits, and the revenue coming off just a little bit lower than expected at $55.5 billion versus the estimated $56.7 billion. going to show you the profit forecast and how it stacks up to the past. the get where we stood in the most recent quarter at $12 billion. if the $14.5 billion comes true, then that will definitely raise it up higher, and up by 58% for the same quarter year on year. as i mentioned, the hope here is what is happening in terms of the chip business. the first quarter result will include what you see on the screen, the market samsung galaxy nine that came out in february, and will see if the quarter will have some of the revenue coming in their. and as i mentioned earlier, there's a lot of money coming

applehe display unit from smartphones that are out there, or not out there because the iphone x hasn't been doing very well according to industry standards out there. to take away here is we are looking at how the sector has performed individually. memory chips versus display. betty: we will be watching all of that with samsung. remember bloomberg users can interact the charts you saw there on gtv . browse the recent charts featured on bloomberg and catch up the key analysis and save the charts for future reference. paul: and that is it for this morning from "daybreak australia". -- sydnirges from its emerges next. this is bloomberg. welcome to the xfinity store.

i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today.

♪ 7:00 a.m. here in hong kong. we are live a from bloomberg's asian headquarters. welcome to "daybreak asia." market set for gains after a choppy session in wall street. the dollar rose to the highest in three months. facebook is an hour after's winner, shrugging off controversies, with record ad sales and daily users. betty: it is just after 7:00 p.m. the wednesday. samsung electronics reporting this hour. analysts expecting record profits, driven by the galaxy s9. and malaysia expects a