stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. the u.s. umps as closes on a -- will now rejoin the talks in washington. apple is going on the big screen. three new iphone 10s are on the

most of the e edge-to-edge design. >> and tesla's go private drama overshadowed some good news. targetre the model three has been met. this m sydney, australia, is "daybreak australia," two the opening of the markets. kathleen hays. stock market u.s., it's all deal. a a trade deal, u.s. and mexico, donald trump announced today, see the dow jones industrial average, by the close, up more than a percent, points. s&p 500 get up 22 points. nasdaq, nearly 72 points. optimism that the trade war dominos are starting to fall. lead to progress on other fronts, heidi? heidi: yeah. suppose, if you look at all he strategies, warning, don't

extrapolate this deal with any sort of optimism when it comes to china and the u.s. trump saying now is not the time to talk to children on those trade issues but take a setup in asia with those record highs in the u.s., bit of positive activity through to the asian section. the moment. at percent about a half decline overnight as the safe of mood seemed to recede with a little more risk taking. look positive to build on the previous days' gains and the some , 73.49 giving back of those gains that came through yesterday.ally let's get you the first news with jessica. >> thanks, heidi. $5 farmers will get almost billion of direct government aid sparkednsate for losses by the tit for tat trade war

with china. number two on the list, with $290 million. corn, wheat and cotton producers will benefit. the payments start early next harvest and f the the crucial midterm elections. after a the lira slurped again volatility and the under ading session got way. it jumps past 40%. that's after dropping during the holiday last week. the lira has been battered in the past month amid u.s. and concerns about turkish monetary and economic policy. deposed australian p.m. is quitting front line politics. resign reports he'll from parliament this week -- bi-election. when ved until last week he lost a vote of no confidence

parliament liberal party. he was trailing in the polls. musk two-week go private rama may have overshadowed signs of progress on the three. he suggests production of the may have ant car exceeded the target of 5,000 per week for much of the month. week-to-week vary but indicated tesla may have opped its 6,000 cars per week goal for late august. day on ews, 24 hours a #tictoc on twitter. this is bloomberg. into the et back record breaking close. another one for u.s. stocks, and that has agreement also the n peso and loonie on the rise. it was a day dominated by expectations of this deal. absolutely. you can say that the week kicked mode.n risk on

stocks higher across the board. the dollar weak. bonds also in focus. treasuries fell, yields rose and on 2900.00 closed in you're looking at the nasdaq 100. regular nasdaq closed 8,000. the all-time high continues. et's take a look at the mexico peso. trade pac ng on this as well as optimism that trade deals can happen. let's take a look at stocks in spotlight because the top two are auto related, auto parts automaker, general motors was up to almost 5%. on therose with optimism deal. a strength as also taking a - gamestop huge hit. last go to bloomberg where you

charts. the this one is u.s. car exports from canada are off their peaks real optimism is that tariffs may be reduced and there is an understanding that both sides in terms of of these things. volatiletalk about two trades today. tesla, what's going on? >> as we said, stock coming off news over the weekend or late friday that the c.e.o. has abandoned the go private. you can see it's been a volatile ride for the stock. down almost 4% at the beginning of the day. came off the low which is a positive. could be somehere good news on the car production front. back to bloomberg. tesla cars art on produced each quarter. it was rising in june. the big number is going to be in october. that's when we'll know where they stand with production and deliveries. it could be a big chance for the and the c.e.o. to redeem hemselves, quickly to0, it's

been on a wild ride. a rather mild day, this articular day, because it was fluctuating with the dollar. 68,see oil back above 67 and which has been the average. >> quite a day to follow. us.nk you for joining on to the white house, u.s. and mexico have reached a tentative trade r a post nafta agreement. president trump called a hays city oval office news event terminating ld be the original nafta and renaming it. president trump: they used to call it nafta. we're going to call it the united states-mexico trade agreement. we'll get rid of the name nafta. it has a bad connotation because the united states was hurt very years, y nafta for many and now it's a really good deal for both countries. way for lears the canada to rejoin the talks with -- ign minister christopher short a trip to europe to visit with washington.

welcome, busy day for you. what does this deal mean for mexico, felipe? kathleen. well, this deal implies it's good news for mexico in general. specifically, when you compare t relative to what the alternatives were. main alternative was the u.s. is away ng away or walking from the north american free trade agreement that would have ad significant negative connotations for the mexican economy given the importance of countries en the two for the mexican economy. other alternatives, or the other reason why this is so positive mexico is that even though there is still a lot of details that we do not know and have to wait for those to the exact assessment of the impact of the new agreement on between both companies, the details that we ave seen so far seem manageable. they will probably have some negative nd

implications. we'll see some losers and depending on which sectors you're looking at but overall the changes seem pretty manageable. good, just getting something in place. it seems like progress. more specifically, what do we about the deal? you mentioned winners and losers. what do we know so far? of the details we've heard so far are concentrated on to the auto industry, trade between both countries. this is expected. -- should not be a depending that it's highly concentrated in autos. what we've heard so far is that origin or regional ontent will be increased from 62.5% to 75%. this is less than 85% that was by the u.s., osed but even some companies in the as well have xico

noted that these may be whipping challenges for them to adjust to these levels. terms of the implications for orders, this was really the hinged on.the deal what do you see as changing in respect? >> well, again, we still have a details to be released by mexico and the u.s., but, a very important thing that's changing is that we're getting some certainty about the direction in trade between the two countries is going to move. with this agreement we have some clear evidence that president trump once to have an agreement with mexico. understands the importance for not only the u.s.an economy but for the economy as well, and this if not entirely, eliminates the uncertainty about countries.een the two >> i want to throw up a chart. the missing puzzle piece is

whether canada comes back to the negotiating table. it's a pretty great uncertainty. this is looking at the trade wean the u.s. and mexico, and canada, i should say. learly the relationship with mexico is a greater imbalance. do you think president trump is going to walk away with this satisfied, if trade imbalances is what he looks at, as being a be a win , would this for him? big ere is definitely a risk for mexico and the u.s. to ign their own bilateral agreement, and mexico staying outside of this deal, if they not able to reach an agreement, too many of the onditions have been already set, mexican officials have been saying that they would prefer and strongly support having the trilateral with mexico on-board. but if you look at the total between mexico and the u.s. and between mexico and

very clear that mexico is very unlikely to itpardize the agreement that has reached with the u.s. in inclusion pport the of canada. to just give you some numbers, otal trade between mexico and canada, in the last 12 months, $23ugh june, added close to billion, during that same period, total trade between the and mexico added to roughly billion. here,t one final question felipe. the new mexican president, what is his role in all of this? well, this is yet another piece of news that here, will py help to build confidence within the market. that e these agreements was just announced today has with the participation of his economic team, in most of he recent meetings between the

u.s. and mexican officials, so he's pretty much in line with heard from the president, and going forward, we expect any significant changes because of the upcoming in mexico transition in december. >> felipe, thank you for joining hernandez, economist. still ahead, triple triples down new iphones, with three new designs. we'll see if that's enough to keep investors engaged. what the u.s. mexico trade agreement will mean for automakers. next, this is bloomberg. ers. next, this is bloomberg. >> i'm heidi stroud-watts.

top story today, the u.s. mexico trade agreement.

impact automakers. et's bring in a senior fellow who is an expert on international trade. i just want to start with the that this deal has been made. that the president was ready to leave canada on one side. looks like they are ready to jump in, too. broadly-speaking, what do you deal so far that leads you to understand whether or not it will go through or not? auto deal, which is a large part of what nafta all about, the deal adds new regulations and new restrictions, meant to change way autos are assembled and produced in north america. and the trump administration built ore cars made and in the united states, and less exported from mexico, and this deal will do that. the mexicans agreed to it. > why do you think they have agreed to it if they will sell

less cars to the u.s.? e just told us they are so dependent on trade with the u.s. that ultimately they would agree because for a while it looked to walk were ready away. >> i don't think they were ever ready to walk away because the too d states is just important for them. but there is a severe risk, if apart, and so they were vulnerable, and agreed on the auto hit sector was much better than a on their entire economy. and -- but suffice it to say, hey are going to be less well off, and so are we, because toces and costs are going up make a car in the united states, and to justify that we're going import restrictions for cars coming in from europe and japan. >> on the one hand, you see reading this as a step back from the global trade war. on the other hand, this only if increased tariffs take place for the likes of europe

and japan, right? >> right. so it's good news for mexico and for a big warning flag japan and the european union. from both ntatives those regions came to washington last week to try to avoid new protection, new tariffs on automobiles, and this week's going to, you know, tell them that those talks avail.ek were to no >> jeff, you look at the exuberance market reaction overnight. is there a danger that investors and markets are extrapolating this, really, winding back of the global trade war or is it to connect this deal with a resolution with europe, asia, and china? >> i think markets have it backwards. this is a deal that's going to restrictions, and new overallnd going to hurt production and growth in north

america, and it's going to it more likely that we're going to have more friction with europe and japan. on top of what we're already doing with china. market's reaction, i think, is -- irrational to erance is what we used say 15 years ago. >> what's the next step here on negotiating this deal? again, felipe was just noting the u.s. did give some ground on what they ultimately were asking for. mexico has agreed. what does canada -- what do you canada -- to bring to the table? >> they will have a representative coming to washington tomorrow and there number of areas where mexico was willing to compromise on some issues that are much canada and theto canadians will find what the swallow were willing to will be much more difficult to

olitically in r canada. canadians can accept the compromises is going to be difficult. of the more e sensitive issues, on the sunset been ion, the way it's changed, i think that type of is sellable obably to the canadians. but other provisions on dispute, settlement, on government procurement, that's going to be the canadian negotiators to deal with. jeff, we're just getting something saying, we have to we work with china. we heard from the president saying now is just not the right to beijing given the failure of the lower level last talks that we had week. incentive for the administration to find a

resolution, the way it was able with mexico, potentially with canada? >> it's a different type of problem. to get what the administration ants from china is not something that can be done overnight. changing the trade balance requires major structural and es in policy in china in the united states. and it's unlikely to occur in the united states, and very unlikely to occur in china. almost a dead end on the u.s. china talks. focusing on these ajor, major changes from the status quo. and nafta, our economies are and so we had a big stake in making sure that rails.don't run off the with china, politically and in trump rt term, i think sees even some advantage for the trade relationship with china to

rails.the >> if the more drastic tear rivers take place when it comes in japan, forctor xample, where does this leave the relationship between -- and trump? difficult.very because autos and parts are a ig part of our bilateral commercial relationship. and japanese government has been ways hard to find other to support expanded u.s. trade causing big distortions in the auto sector. nd i think they want to make big advances and investments to elp support u.s. energy exports, both crude oil and l&g, continue k they will to press for that. forced, or pressed to mbassador -- that seems

be what he wants, from all of the major suppliers to the u.s. market, including mexico, and did when he was deputy 30 years ago. quick final question in terms of where this goes your sense of the discussion in the white house right now? you just said so clearly why a deal to get done with china. do you think it's their idea will?it >> no, i think they wanted to have a win. wanted to make sure that the farmers s and that depend so much on trade and investment in north america any more and to have some of their problems relieved. mexico was very important. but the deal isn't done. ends are a lot of loose

still with regard to canada, and points that ore could unravel in the coming days weeks. if the u.s. and canada and exico don't find a way to keep nafta together and go to its second stage. still a little leery. this was an agreement in rinciple today, and agreements in principle have to be finalized, and there is still to be done on that. jeff, aging expectations, thanks for joining us. schott, peterson institute, senior fellow. this is bloomberg.

>> now for a quick check on the business headlines, shareholders commodity trader plan. have backed a restructuring will hand power to the in singapore. beforehand noble hadrestructuri power to the creditors but was supported by 99.96% of votes at said that eneral meeting t least a third of the shareholders backed the plan. toyota has confirmed its with uberits alliance with $500 million in investment in autonomous cars. $72 billion. we'll see toyota making vehicles equipped with uber's technology. a third party will actually upright the fleet although that yet to be identified. evaluationise uber's by 15%. lots more coming up, including some excitement over the next products. is it an upgrade or just another s year.

assessing apple's new phones. screens.king big we'll get all the details including that critical uestion, is it enough for investors and consumers? particularly we'll take a look market.crucial chinese plenty more to come. this is bloomberg. more to come. this is bloomberg. xfinity mobile is a new wireless network

designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today.

> markets open in sydney in just 90 minutes time. we get into potentially building on the rally yesterday. trade is back on the agenda, as we saw with u.s. stocks hitting record high overnight on news about this trade deal, as yet unnamed, has been done u.s. and mexico. lots of unknowns, but certainly exuberance returning to the markets.

hays.en: i'm kathleen you're watching "daybreak australia." we go now to jessica summers. jessica? jessica: thanks, kathleen. president trump is signing a new mexico and he's calling on canada to get or -- or risk being left behind. two sides agreed to raise the regional content of autos to 75%. 62.5, from the current with about half the workers per hour. least $16 president trump: i will terminate the existing deal. i can't quiteens, tell you, it depends on what the timetable is with congress but terminating the existing deal and going into this deal. with start negotiating canada relatively soon. they want to negotiate very badly, but one way or the other we have a deal with canada. tariff on cars or a negotiated deal.

they many and france say are working to sidestep u.s. sanctions against countries such a potential uding role for central banks. the discussions also involve the you canning and are a sign that powers are getting serious about a greater level of america.ence for finance minister said europe continent, overeign not a vassell. preparing contingency plans for brexit. deal ill present a draft in the next few weeks, including ooking after those already living in france. and border controls. brussels had hoped to reach a by object but it's increasingly clear that the slip.ine will >> china is hitting back at international criticism of its road trade lt and infrastructure plan. it will assess doubts in an rational way. it aims to link china with central asia, the middle east,

and europe but some question the cost and the feeling that it's a covert beijing's extend influence around the world. financing and valuable assets have been created for relevant countries nd their people and economic development has been boosted as well. no debt trap has been created in process. >> global news, 24 hours a day on air. #tictoc, powereded by more than 2,700 analysts. this is bloomberg. get you a quick update on the markets. new zealand is just getting way. this tuesday morning session was pretty flat when it comes to kiwi stocks. amidst a back drop of just about percent decline in the bloom dollar index overnight. futures looking pretty positive going into that open

rading and the aussie dollar steady. just giving up some of those gains that we have from that took place yesterday but certainly a big day when it comes to this part of the world. lots of earnings. banks in the spotlight later on today. let's get more on what we should be watching as trading gets way here in asia. we've been talking about this as unnamed deal between mexico and the u.s., but we're seeing in the diate reaction loonie and peso. yes. it's surprising. the peso has done well, but so has the loonie. got a chart that we can bring up for you, which is also n the gte library if you want to look at it. the loony and peso climb. the peso climbed further but the did as well and then the peso came back down a little bit. erhaps because the deal is not all that specific, and the canadian currency wasn't too

the concern, so i think message here is that, there is a not justlief that it's a big bust up and trump walks away and says no deal. tariffs on everybody. and perhaps, there is a that whatever trump might say about what the deal is going to be he does have to get and hing through congress, there are some severe doubts that he can get anything through congress until after the midterms. >> okay. well, china, it's a big story undercurrency that's been a lot of scrutiny. what's the latest? what is it doing now? >> it seems to be stabilizing. in fact, when we talk about, heidi was saying that the weak day a very yesterday and a lot of that has to do with the fact that -- it's not expected to fall any further. the big question going forward and we've got a chart that looks here, is whether this is going to lead to a turnaround in

yuan, a sustainable one and therefore, will also lead to the a turnaround in the stock market. we can see over this year, first of all, the stock market went yuan followed, and when it followed, it got the stock market going and there was little bit of an air of panic, and that's leaching out and there is some optimism that it's time for both the currency and higher.to move a lot >> okay. well, thank you so much. he's our bloomberg strategist, like those charts that he showed you, don't forget to gtv library for some of those charts and live. it's gtv go on the bloomberg the national. to another big story, apple taking a page from its own playbook. it plans to triple down on the iphone 10 offering three new models. have a devices will wider range of prices, features appeal.s to increase mark -- technology

covers all things apple. how significant will these upgrades be? mark: thank you for having me. the upgrades in terms of new eatures won't be very significant but for apple they will be very significant because they are adding two new screen 6.1-inch and a 6.5-inch. they are going a little higher end. here will be a new high end premium phone, basically a rift n the iphone 10 but a larger version with a new software and camera, processing function at. itself de to the 10e7b with a 5.8-inch screen and a inaper screen that will come probably between $650 and $750. >> okay. a big step. what else is apple coming out with this year? this year, we're expecting new air pods with siri.r integration with a new apple watch, edge-to-edge, larger display, crisper, clearer on the eyes.

size, 38 and 42 are he case sizes as well as two new ipads, a 13-inch and 11-inch model, the pro line with face and a new navigation system to remove the home button. going tois all of this be enough to help apple regain some lost ground? is it going to be must have? that's a good question. i think so. these are all products that are some of be receiving the biggest upgrades they have received other than the iphone in several years. first revamp to the apple watch since it debuted in 2014. will also be a big upgrade to the ipad pro, perhaps the since ipad line update 2015, where as the iphones address a need in the market for lower cost phone, with some features like the bigger display. >> mark, thank you so much for all of those details there rom mark, our bloomberg tech reporter coming to us from l.a. with this new generation of

iphones and other apple products. let's stick with tech. tesla's private drama may have obscured some good news. debating his controversial buyout a bloomberg tracker suggests output of the may mportant model three have exceeded weekly production targets this month. dana takes a look. she watches tesla very closely for us here at bloomberg. this has been the issue that been worried about. >> yeah, i mean, for tesla, the ey to profitability is getting these model threes out the door and on the road and the company guided to make 50,000 model threes in the quarter which 4,200 per o about week. we've seen based on our tracker, flow.ind of ebb and it looks like they have been doing fairly well. at the same time, all over witter you have people saying production is slowing down but the tracker is based on the vins submits and it's been fairly accurate in the past, so that's the main thing. go private drama exceeds in

the background as the production target is in the forefront. update on ave any what's going on with that? and is it just a sense still was never ing secured, and he's still facing some of those legal challenges in the aftermath? mean, i think from tesla's perspective, they pulled the back n the idea, and it's to business as usual. like, y are very much we're done, we're moving forward with you know, being a publicly traded company. think there is relief that it didn't drag on, but yes, certainly, i mean, the sec is till investigating the company and there are shareholder and securities lawsuits based on the wild swings in the trading that that now famous august 7 tweet. so those two processes will the nue to play out on regulation front and on the front. >> there was so much discussion round this time, about

the board and reining elon musk in. okay, that's , over and he's back on track? >> it's hard to say. it's hard to imagine tesla without elon so this idea that somehow he's on the way really hink is overblown. think that even the most would like nvestors to see someone with more -- they lookout for n the high end talent. there is no active search for a the moment. >> it's hard to imagine tesla without elon musk. so much. bloomberg's tesla reporter, joining us from the bay area, dana hall. next, how trade tensions and merging market worries are in the high yield market. portfolio manager mary bowers will tell us where she sees opportunity. this is bloomberg. # ty. this is bloomberg. #

kathleen: i'm kathleen hays in new york. heidi in sydney. you're watching "daybreak always." ensions, despite spreads at relatively high levels u.s. high to shrug off the noise. mary, great to have you on. a ant to start off by taking look at this chart, looking at espite these tight ranges in terms of u.s. high yield trading to investment-grade you're also seeing a sense of resilience. my question is, i suppose, is it better due to the economic picture, the default rate or is it a factor of what supply, second quarter issuance, lowest since 2010. junk bond, lowest since 2008 and

e've been below the five-year average since february. is this an effect of supply or demand actually? has been a head win for high yield this year and that was largely the first uarter problem, where we saw the 10-year, you know, move pretty quickly towards 3%, and fast rought a lot of money, in particular, out of the market. as you mentioned, supply has a positive technical for the market. but despite all of that, the fundamentals are still healthy and high yield. second quarter earnings did come in quite strong. and when we think about the supply picture going forward, e're not seeing anything to derail us there. we think supply continues to be quite low. picture kind of back and that's, you know, dropped against a pretty strong economy here in the u.s. > when would you expect to see issuance go back to normal, or that's not something you're pricing in at this point? the second part of my question is when issuance does

that flesh outes perhaps the kind of, i guess, lack of strong fundamentals in market? >> well, i guess the fundamentals have been strong. the supply and demand picture. right. adds you mentioned, if supply market, ck to the certainly that's been something as we move through the lower new issue volumes of the summer, we've been kind of waiting, waiting to see what will happen but for now, at least, we're not expecting a after slaught of supply labor day, and, quite frankly, he last couple of years, we've seen a very significant amount f new issue supply coming from refinancings. the rest will be made up from mma, or barring any mma, i don't is what'spply picture going to topple high yield. > today we saw a pretty nice rally in stocks. treasuries sold off.

terms of corporate bonds, high yield, in particular, is his something that is sort of shrugged off because it's so far away from the particulars of individual companies? something that because, you know, waves are going across go across highey yield, too. what did you see? boost to the ttle auto parts sector of high yield which has lagged this year but and large, theby .s. high yield market is comprised of companies operating in the u.s. so they aren't currency foreign which has been a headwind and they are not exposed to a lot of discussiones that have been going on. >> okay. in the u.s.e mostly but i guess it's the same big picture question. our e a chart here from bloomberg library. first.ws america u.s. junk trading at tighter

spreads than higher rated em debt. even though that's not the major focus for you, they moved up, the peso. they have been beaten up by this kind of thing. might think relationship change? >> we do imagine global particular, id in manage high yield trojans, so we look at it quite closely. seen particularly across the corporate space, that even corporate spreads are quite wide now to the u.s. so we have started to reduce some of the underweight. in, but em still has, know, besides just trade negotiation with mexico some points of volatility. until we see a couple of other louds clear for em, we may not see a retrace. valuations might suggest. volatility of when returns to the market or when issuance kind of starts to

bit, where ngs out a would you say in terms of sectors, as being safer patches hide? >> well, we've particularly, you know, not been super excited yield valuations this year. in one place where we found a hide was in the short duration part of the market. have where the spreads moved across the curve, and this ind of reach for yield that global investors have migrated into u.s. high yield, we don't lot of ily see a opportunity to extend very long nto u.s. high yield from a maturation perspective. we've been looking at the short end of the market which has held is defensive and for a number of reasons, and mma icularly they are where can benefit high yield companies. we've been owning the bonds of some of these acquired companies we wait for them to get taken out. >> coming back to this global your company and your own

particular portfolio, it seems to me right now if you're merging markets there is so much volatility, it's risky, but if you want to take some risk, where are the spots that are attractive? >> we see some value in the of the market and in telecom, those sectors have done quite well this year. like the e to subordinated bonds of some of corporates in d our corporate sent for, so some that are rated high yield, but the apparent is investment-grade. them in the mid sector -- >> mary, appreciate coming in spending time with us. mary bowers. get the stories you need. available on terminals, on the app.e and you can customize those settings

where you get the news on the industries and assets that you care about. this is bloomberg. e about. this is bloomberg.

>> i'm heidi from sydney. kathleen: i'm kathleen hays. let's get a check on the latest headlines. acquisition is being criticized by union leaders. they say the deal threatens job competition and may do nothing to accelerate the 5-g.al of they add they have a history of targeting each other's customers the pair could prices.mean higher its bt -- has wrapped up $430.structure assets to

selling to its brother as it tries to pair down its ballooning debt. del eal comes as the elinquent firms face a deadline. >> the all things 787 supplier affecting at least six planes and production of two more is being paused. include affected united, ana, taiwan's eva air shanghai airlines. the blog also says one has the dream delay and liner for air china is sitting in storage for unknown reasons. blue is the first major u.s. carrier to raise the cost bag to $30. it goes into effect on monday and the charge for a second bag same amount to $40. a third bag rises to $150. facing weaker revenue. rising fuel prices and other

as growth costs slows. southwest is the only large u.s. airline now that doesn't charge a single checked bag. baggage there, that's it for "daybreak kathleen up next. yvonne? >> a slew happening later on china, likes of banks of hina construction bank, and ag bank. the first half looks pretty positive. provisions are dropping. re cracks forming as the economy is slowing. we've got senior director and head of china banks. grace wu. she talks about the rising household debt that's accumulating in the economy right now that's a particular her.rn to it's been under the radar here. there is a lot of focus on but rate debt, of course, she says, we need to look into ate little bit more. >> don't you love it, when you a guest ahead of time and

that guest is just where you big them on the day some news breaks. in this case i'm talking about -- she's the albright stonebridge group principal. joining us at 7:00 a.m. hong kong time. he has a very long and deep background in u.s. china trade at the u.s. trade office, part of the strategic economic dialogue, the u.s. china joint commission on commerce and trade. say, why is this so important on the day we're looking at nafta? there are so many questions now about whether or not a deal with mexico and the canada comes on-board, and president trump is able to willhat deal through, what it mean for china? on thisdy heard earlier hour, that it may not mean much, rallying, cks are u.s. treasuries are selling off that could be a move that some traders regret.

>> yeah, you can see the asian eaction, particularly, as you say, it's kind of cautious, a correlation that we probably making with china and whether it means progress on that side of things. watching noble group, of course, what a roller and er ride for investors shareholders in noble. we're be joined by mark yuen-teen, talking to us about his reaction. 99% shareholders voting in favor of this debt to quity restructuring deal that hands control to senior creditors in this commodities trading company. with the had to put up default, billions in losses, improper s of accounting, so is this a company that's finally turning the corner? more on that story. yvonne and time, kathleen will be back with you. let's look at how trading is

under way in this part of the world. looking flat. we're also looking at a bit of optimism going into the sydney well. s the aussie dollar, we'll have to watch to see if it gets another leg up in support. risk on for u.s. markets, high for the s&p. and all about this new trade u.s. and mexico. this is bloomberg. d mexico. this is bloomberg. xfinity mobile is a new wireless network

designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today.

7:00 a.m. in hong kong. i am yvonne man. welcome to "daybreak asia." the top stories this tuesday, trade makes the headlines today. stocks get new records. the peso jumped as the u.s. nears a post-nafta deal with mexico. president trump says he will terminate the yield agreement and find a new name. canada will rejoin talks in washington. >> i am kathleen hays in new york, where it is passed 7:00 p.m. on monday. beened reproduction has met. -- model three production has been met. is there anything to rescue?