>> a mix here on market action on the final trading day of the week. it has been a good one for investors. we are on track for a weekly gain. we have all the chinese markets out of action, taiwan, hong kong. you can see new zealand and australia under pressure. a did have a little bit of tick up in the bloomberg dollar index on wall street. you can see a lot of upside coming through on asian currencies today. led by the aussie dollar. up 2/10 of 1%. south korea's index there is pretty flat. we had a negative reaction from samsung investors.

samsung was going to have a bit of a downturn. profits on the most in four years. a 60% drop in profit. economists and analysts were expecting a drop of 56%. we saw weakness coming through in terms of what you have seen for the profits outcome. all of this on the back of phone demand for these. -- had people off to better update their phones a little bit less. rishaad: everything here is reacting to yesterday. in large part to that interest rate cut. a big fall for the rupee.

just recovering against the dollar. 7.35 percent of the young there. that was a bit of a surprise for people. we are going to the barclays. just a half hours ago before we get his take. let's move over to sydney. we have the first word news headlines from paul allen. paul: the united states is threatening to restrict the flow to nato allies if they ignore allies -- one is about china's technology. this may be the most exquisite morning yet. some new members, including the u.k. have robust u.s. warnings. >> at the risk exceeds -- if the

threshold, oure task is to do education and make sure they understand every sovereign nation and then the united states will make his decision. >> he was concerned about the company's declining performance and the state of the alliance. speaking to lci before he was detained again, there is a conspiracy against him. it dates back to at least last night. >> there has been a systematic demolition. there are some people inside nissan, did benefit from complicity. they had not seen enough influence on the act in japan.

>> wikileaks says julian assange maybe run out of ecuadorian embassy in london. they call a high-level source with any ecuadorian state. they say there is an agreement for the arrest. --ileaks says the source has this was a reaction to the wikileaks tweet. the ecuadorian president. global news, 24 hours a day and on tictoc on twitter. 2700ed by more than journalists and analysts. i am paul allen, this is bloomberg. >> let's get to our top stories. united states made substantial progress. they're calling for an early negotiation.

there is a lot more to do before an accord can be signed off. it is a very unique set of circumstances with china. it is a massive deal. if you think about it, it could be the biggest you ever made. not a where you look, there can't be a deal like this. this is the granddaddy of them all. >> trump spoke at the meeting the chinese vice president. they will resume trade talks. let's bring out there and were back. what happens next? >> we are thinking somewhere in the internet of an additional four or six weeks. a little bit worried about where the talks were. there was an expectation that their dsm and announced with trump and xi jinping.

that never happened. a lot of people look up a little bit more worried than they should have been. china said there was significant progress made toward a trade some text they mentioned. it is all sounding like it is going the right way. what i likeump says to refer to as happy words about this. different than what he says sometimes. it seems like it is all going about the right direction. if you're looking for a deal to come up. rishaad: we had a lot of silence on this. the news flow has come back of late. it was a situation where there was good news. the sticking point was that they had verification.

anyway, how did they get around that? >> i'm sure it is solved yet. the u.s. abuse china quite candidly as one that does not hold up to all of these deals. is the broad endemic in the system? i think there is a great concern within the u.s. that maybe you sign a deal. a lot ofhere is progress that could be made on that front. i think it is particularly difficult to put that sort of testing down to paper in a way that both sides can agree to and that the u.s. can feel confident that china will be forced to live up to agreements. much,d: thank you very derek. we will keep the trade talk

going. jamie dimon says the united states is making a deal by imposing tariffs. he believes the economy is doing fine. >> they support not the tariffs but the issues. the ip being stolen. benefits beyond what you consider normal affair -- or fair in trade. that are serious issues all know are true. china knows it is true. they made a huge amount of progress in detail. we don't want a soybean deal. that does not fix the problem. europe and japan really want us to do this. we should have been part of tpp.

i was not in favor of the tariffs but facing the issue. our view is if you have to deal with the serious issues -- do it now. whatever that means for the economy. they don't have to, nor do we have to. sophie: you have your post on the finger -- >> you have your post on the thing of the u.s. economy. what you think of the state of the u.s. economy? are you worried about a recession? china will grow at 6% because they can, they can micromanage that are state-controlled. they can do monetary policy, is the policy. you higher, you train, you build the road.

the next couple of years, they will hit the targets. the united states is chuckling along -- chugging along. >> he was speaking in new york. staying on the u.s. economy, arguably the most important monthly data point for markets later on friday. we preview the jobs report next. rishaad: a bank in new zealand saying it is keeping interest rates unchanged since the one-on-one with the central bank governor later this hour. this is bloomberg. ♪

rishaad: the federal reserve possibly next policy move, whether it is a whole height could be found in the u.s. jobs report hours away from now. this is how important the

numbers are -- how important are these numbers to the fed? are the is important as they used to be? >> they are. the question for the rent -- federal reserve is how strong the economy will get. will it hold onto a 2% rate? inside the body of this report you get some very important numbers that start up every month and give us an idea of where the economy is and where it could be headed. what if we got another week jobs report? i forget the whole body rally going -- bond rally going again. if you look at the far right-hand side of the screen, 20,000 netas line is new jobs in the month of january. line, thes the second big one, about 310,000 jobs.

what are we going to get in march? people are looking for 177,000. below the latest moving average. they are also looking to see what wages are doing. let's look at unemployment and average hourly earnings. the fed starts rising, will they rise up and keep rising to push inflation? at the aligned, that is unemployment, 3.8%, very close to the lowest levels since 1969. three point eight, that is the consensus survey for the month of march. average hourly earnings are up 3.4% year-over-year. that is expected to stay as well. fed rate hikes may have pizza they are waiting to see if growth is our strongest victory. -- on a stronger trajectory.

it is likely to have an impact right? >> it is in an orbit of its own. that weakened the euro. it could help exporters by germany. their economies have been looking pretty dismal. let's look at another chart to see how their gdp has been looking. two quarters of negative growth, that is called a recession. they have been looking for 1% growth. they cut it back to 0.1%. this is the third-largest economy. if they are in trouble, that is trouble for everyone. ecb minutes confirm they may be shifting their bias. they could be given their whole stimulus and rates lower for longer. regardless of what the fed does. quest that was our policy editor, kathleen hays in new york.

>> that was our policy editor, kathleen hays in new york. how did we get here, selena? going from talking about hikes to cuts? lena: the fed has been trying to manage expectations. we are looking at a hike in 2020 and possibly something beyond that as well. talkings have been about the possibility of being on pause for now. i think if you look at the global prospects, they have softened quite significantly. going forward, inflation is not picking up. although everyone is waiting for the numbers to come out, i don't get the sense that we will see a very strong, commencing pickup in which there is inflation.

at the, if you look whole macro picture, the system will have feted by then. everybody is probably leaning toward mutual instead of accommodative. there is a lot of pressure on the fed. -- of this talk from the fed about the fed from trump and all of his nominations from the -- for the vacancy alluding to this. >> i have a chart on my terminal. we had that yield curve inversion. at the same time, you have equities continuing to rally. how are you viewing this discrepancy in terms of all of the -- all of it? possible think the fed us if he is to wait and see whether this conversion sustains. they're looking at the tenure

curve -- 10 year curve. i think they are on hold for now. let's see what happens. cynic, it low number is really surprising on the downside. be a consensus of a 120,000 range. that will send downward bias toward market expectations. i think the fed will continue to reign in- rain in -- any hawkish expectations. rishaad: on the 10 year, we have the yield negative still. -- the outlook for european growth is not good. of course, germany being the powerhouse of the eu, it is central to that forecast.

selena: that is the case. irs for shadowing the global forecast. germany has been going through a soft bash. essentially, with the ecb unleashing this, that the suggest that there are concerns of thel dynamics liquidity function. dismiss thek we can signals coming through from the tenure yield. -- 10 year yield. to bring back interest rates. they wanted to extend pause to the end of the year. the ecb will come

around. question, please be brief. why german yields were getting no juice in europe and the moment. are we seeing european investors looking to the treasury market instead? there is much more juice there. reasons we of the are seeing bond yields come down in the u.s.? very quickly. selena: that is the case. bond yields continue to bounce around zero for now. if you look at the interest rate, it is the u.s. treasury market. they are bouncing around in this range. we will get some clarity on the global growth prospects. rishaad: let's talk about what we have on the way.

we have details on the way from the pilots from boeing. that is next.

rishaad: let's get back to bloomberg markets. the initial report into the european airlines crash. force forced the jets nose down a few minutes after takeoff. this was due to a faulty sensor and it backed the pilots response. >> the crew followed procedures. the equipment provided by the manufacturer was not able to control the aircraft. >> erroneous activation of this function can add to what is already a high workload environment. it is our responsibility to

illuminate this risk. we own it and we know how to do it. >> just getting some breaking news on all of this as well. 737 shows thathe it could worsen in the second quarter. what did this preliminary report uncover? >> there were similar things happening on the ethiopian airline crash as what happened five months ago. it should shed a bit more light on what caused the accident dimensionally. events, it is of not one factor. light andhed some

.ill help some investors owing is expected to get some approval from the regulators. and itly if that happens gained a bit more credibility from the regulators, they can start installing and see how that goes. rishaad: the question has to be what will happen to the 737 max aircraft? was the grounding longer than anticipated? it depends on how soon they can get approval on the software updates. also, the other factor would be how soon they can get -- reagan the confidence from other regulators. -- regain the confidence from other regulators.

boeing asked to be part of the review of the 737 max 8. you need and nod from other countries regulators for the plane to fly again. >> thank you as always. just reiterating some of these lines that we are getting. 737 max issues may hinder the airline's expansion. the grounding in asia could worsen in the second order. -- the impact in asia could worsen in the second quarter. rishaad: the share has been down about 9% since the disaster in ethiopia. a quick look at the markets. training there in asia. look at what volumes are like. seeing stronger

bodies down in the earnings. let's look at this housing market. -- we are seeing some downside that. as is bloomberg. this is bl there, oomberg. ♪ the biggest week in television is almost here.

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>> it is almost 11:30 a.m. in singapore. we are in the middle of the final trading day. it is friday. we are seeing gains for a seventh session in a row, matching the longest winning streak. singapore was hit high yesterday, leading gains today. let's get the first word headlines. >> president xi jinping is calling for swift resolution to trade talks. of quote, a very monumental agreement announced

in the coming weeks. the president said that the way to go i with the two sides surrounding the term. he had the main issues to be resolved here. certain tariffs and how to enforce a new deal. >> we had never done a deal like this with china. it is a very unique set of circumstances. it is a massive deal. i guess it is if you think about it, one of the biggest does ever made. no matter where you look, there can't be a deal like this. this is the granddaddy of them all. >> president trump has resumed his attack on the feds. despite destructive actions, the u.s. economy is doing fine. the trade agreements with china, canada and mexico are moving along but american optimism is high. the president continues to push -- d with plans to nominate

now residents are being want to keep their windows closed as smoke from a huge chemical fire blankets australia's second-biggest city. it is expected to burn for several days. escape theanaged to warehouse as the flames took hold. global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen, this is bloomberg. in any schools of interview with bloomberg haslinda amin, --y used matter academic macro policies -- macroeconomic policies. said, what we are

onceg now, probably only year, -- and then next this will show us how we had to respond. ourave to look into accident stability. this will insert the external affair ability. are more forward-looking. ago, we had a more dovish fed. what do they by jay powell? it was very strong and good last year.

this is reflecting this development. it is with this development in our policy meeting. haslinda: the dovish fed has limited the apples from emerging markets, including indonesia. do you think there will be other pressures in japan or europe? market hasal finance an effect in the u.s.. japan andking in china and other emerging markets. they are enticing the flow into

these markets. haslinda: is it time to have a different priority? you talk about how financial stability was important. -- y: this is becoming it is natural. that because of the domestic economy but because of action ability. this is why we have more room. we can support this. question, weirst

are becoming more preemptive, forward-looking and relaxing our liquidity. our economics will be higher. it will be because of things done by the government. this was taking place in the city of shanghai. we are moving to indiana with the reserve bank delivering a back-to-back interest rate. it has all the speculation of policy easing. there are growth forecast. up 2.6% inakes february. it was below the target of 4%.

>> we were expecting the stairs to be kept neutral. we were maintaining the stands as neutral. it could be trying to indicate that the future action will be independent. this links to the idea of at least one more going ahead. the stance is new for but the details of the minutes is quite dovish. is possiblythis earlier than june. rishaad: it does not sit well with their forecast, then remaining neutral. this is the thing i am grappling with. what was the efficacy on

inflation? were they a currency manager more than anything else? siddhartha: the domestic economy is large. there is quite a bit of impact on the interest rate on the domestic economy. having said that, the important basket. to look at the it is dominated by food. in order to get better control on the inflation in particular. question, the impact on the domestic economy is quite significant.

the domestic economic sizes very large. haslinda: there are expectations of further cuts. what are you seeing in terms of reaction in the bond market? if you jump into my terminal, you can see this holding around 6.4%. we have started to see quite a lot of panic in bond markets of late. what does the indian bond market tell you in terms of projection? i think it has been a bit of uncertainty around two or three things. liquidity do with injection. they have taken records of the effects rather than going for more and more. that is one particular factor. they had not been particularly low.

there was some that an expectation -- something of expectation. i think those things graded a bit of uncertainty. the supply pressure is kind of prized in the bond market. even going ahead, inflation numbers will remain reasonable. we expect the central bank to deliver more cuts. the next one is possibly injured. this could be on the liquidity side. we are not to negative on the bond area. >> what you think that prime minister modi is thinking as we get election started next week? you have concerns about a slowdown in terms of the economy.

>> there will be a bit of money onrelated to the the poor section of the population. that could be somewhat percent -- supportive as well. our sense is that it is some kind of a gradual optic. they are very negative. it is kind of a slow grounder. rishaad: breaking lines coming through. we talk about the upcoming election. that will be one of the determinants of how the economy goes in the future. we have him saying that the morence is going to get

tight n.o.i. selection. is that good news work people invested in -- interested in investing in india? should they invest more or looking other way? -- look the other way? they would like to get the clarity that will be emerging in less than two months time. general, -- -- her -- the chief

executive will be joining us. make sure you catch our with chika terada from sansan. this is bloomberg. ♪

rishaad: let's look at the scene in mumbai as we head for the start of the trading day. we are 15 seconds away. let's look at some of the latest business flash headlines. investors are preparing for more wild buys. he is issuing his annual letter to shareholders. the fourth quarter of 2018 may be a harbinger. he is driving the pessimistic outlook including uncertainty on fed policy, the trade war and brexit. >> a hard brexit will be a really bad perception in

britain. it is just a bad idea. scherzer says a more than 30%. this is the largest in the u.s. this year. this is access. and in markets just opened, let's get straight to mumbai. sellinge we got yesterday as far as the equity market goes? long on the market. the previous couple of days could breathe a sigh of relief. we open with a little bit more than .25% gains.

the bank is providing a bulk of that strength. it is up nearly .5%. agam: we are seeing a little bit of weakness against the u.s. dollar. this could be a positive start. that is a lot of what is needed in terms of indian equity markets. has indicated strong growth in the march quarter. >> itthe company opening? up and very well. it could be up as much as 2%. agam: we are seeing good games on the back of the jewelry.

piercing advances for tighten company. tan company. rishaad: samsung has a cloud-based management. over 7000 corporate clients, they have 7-eleven, they all use its products. it is the latest round of funding. it was provided by japan post capital. it takes samsung to a more than $100 million raised today. they're looking to expand globally. they will start with southeast asia.

>> this is quite incredible. when i first moved to asia, i was astounded at the culture. you end up with so many. what sort of revenue projections do you see? >> we see this as a representative of opportunities. -- business cards as an opportunity for connections. use business cards as connections, -- that is what we provide. >> what about all of the problems of cloud privacy? we don't share any data.

we just handle the data for you. you store the data in our system. it is always safe. >> in terms of your revenue projections, what you have in terms of ipo? when we feel the time he right, we will make an ipo. is going to happen into the not-too-distant future. rishaad: people have drawn comparisons between what you do at sansan to linkedin. tell us how the whole system works. you scan the business card. what after that? chika: it is different than linkedin. system based on business cards.

it can be accessible for everybody in the company. companyo approach some and i can search the name of a company. path toagues may have a that company and i can ask them to connect with me for the company. that is the whole idea. instead of business a social network. rishaad: how do you make money? are you profitable? chika: it is a cloud service. depending on the number of users, the number of business cards you will use, we will charge by those numbers. rishaad: ok, are you profitable? that is the other part of the question. chika: we are not profitable yet. we raised the money to make an investment to gain more users.

we are seeing the possibility of making an ipo. we will be profitable in the near future. chika: that would be my next question. rishaad: -- that was going to be my next question. are you planning an ipo? chika: i am not in a position to provide the timing but we are ready at any time. depending on the situation of the market and how we want to proceed to the business. >> what sort of threats are there to your business model? what do you say to people? you can find people on the internet these days. businesses say that -- chika: some people say that business cards are dying. the amount that are being printed are actually increasing. 10 billion business cards were it is ain the u.s. but

huge business in paper. we will use the paper business as a business opportunity. we can rely on sam said -- sansan to manage a contract. >> what sort of staffing do you need? chika: how it works on the back we advised staff to make an accurate. we use technologies, at the same time, we use people to check the data so that it can be really accurate. that is the secret of a business. really quickly, have friendly and how conducive is japan at the moment for on

jupiter is like yourself? the environment for a startup in japan is really changing. i feel the tailwind of government and society. we are regarded as in a good position to be. the economy is changing rapidly in japan. >> chika terada, thank you. if you are a bloomberg subscriber, you can catch up with all of our interviews. you can send messages to our team and our life guests on tv. -- live guests. this is bloomberg. ♪

>> you are watching bloomberg markets: asia. i am juliette saly in singapore. rishaad: i am rishaad salamat. let's have a look at some of the events we are watching for. trade is going to be very much one of the highlights or one of the biggest discussions to take place there. and it will look at the election stance on thursday. it is the world's biggest democracy. the election is being done in various stages. looking at the world bank spring meetings, we will start off on friday. juliette: also waiting, the jobs data. next week week, we have more great interviews. later on, we have more rate interviews coming up. chief economic -- the chief economic advisor will be joining us.

joined by larry kudlow. -- he is the national economic council director there. also daniel your urgent -- yergin. stay with bloomberg television. rishaad: this is a look at what is happening markets wise. samsung is paying heed to that proper warning. we have the market that is still a. we had the city market also, one or 2% on the downside, currently. this is a position that we did have.

>> seven sessions in a row, that is lola -- largest winning streak we have seen. for this week, this is bloomberg. ♪

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