haidi: welcome to "daybreak australia." i am haidi lun in sydney. shery: i'm shery ahn in new york. >> and i am in hong kong. to thecounting down major open. >> here are the top stories we are covering. 's top economic's advisers say we are close to a trade deal, however, there are tough trade deals remaining.

tripoli raises doubts about the continuing supplies of crude. australia awaits on a date that it comes down, keeping voters guessing about an election. a let's get you started with quick check, major indices finished on a six-month high with the s&p 500 seeing as longest winning streak since 2017. of course we had more optimism of a potential trade deal of china and the u.s. we also had solid u.s. jobs data, payrolls in march beating estimates, rising beating estimates. we also are seeing the s&p 500 just a touch below the 2900 level. u.s. futures looking like this. soph, how are we looking in asia? sophie: asian futures likely pointing higher ahead of investors waiting for a potential breakthrough on u.s.-china trade talks. trade, inflation, and throughout the week. ahead of all of that, we have up

.1%, extending losses for a fourth straight session. we did see the benchmark for a ninth week on friday. in hong kong, watching producers after crude tapping fifth week of gains. in on the radar sydney as well, haidi come on carmaker maythe cut 700 white-collar jobs. from japan, we are watching the sun and a vote on the corporate director. today, heads up for a long weekend, haidi, but we have china, hong kong, and taiwan this monday. haidi? haidi: all right. let's get you to first word news with su keenan in new york. su? su: all right, haidi, prime minister theresa may says compromises needed on both sides

as brexit talks resume this week. as she admits, there are many things she and labor union leader jeremy corbyn disagree, but several areas where they see eye to eye. may once a further extension until the end of june. the current deadline is friday. china meanwhile is beginning to spend big on gold. raised who you holdings by 11.2 million pounds last month after buying around the same amount in each of the previous three months. if china continues to accumulate at this pace around the rest of the year, it may end 2019 as the , after top buyer of gold russia, who had 274 times last year. saysrmany now, a portrait the u.s. government has dropped the call for a german ban on huawei. washington is quoted as being

highly satisfied with new regulations from berlin come up slick standards for next generation wireless. the u.s. had threatened to withhold sensitive information from allies who worked with wall huawei.there are calls from the u.s. on an query on how call between president trump and malcolm turnbull was leaked. nuñez says it is one of eight security cases. turnbull leads to the "washington post congo and it was revealed the president called short the plan hour-long called to just 24 minutes. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am su keenan. this is bloomberg. >> su, thanks for that.

in libya on the capital, elevating new oil supply outages. they are working with the national army was to tripoli, the base of the international recognized government. let's look at the name for oil production with the report. prior to the political destruction installed, the markets are feeling very bullish about oil prices. as it is, we saw another rally last week. we know that the fighting has not affected the part of libya where we had major production, export terminal just yet, but what is your report of what could happen if things escalate? you, and ifnk things do escalate, i could see us visiting the scenario that we were unhappy with the civil war that it cut production for your event concerning 2011, at this today, would be that libyan oil, the quality of this oil, some of the finest oil. ofis virtually the champagne

a very easynd it is crude oil to manufacture, to refine into gasoline, so it is sought after greatly. so the fact that it is current at this time of the year, march, april, i think the transition is focused on the southern driving season in the northern hemisphere, it is certainly a concern. so that is the overarching story here. we can saw in 2011 where see this valuable oil with help we saw amarket, coordinated released by the obama administration here in the u.s. in conjunction with iea countries onto the global market to compensate. now, that is worst-case scenario. that is to say that if this fighting does begin to expand actual halt tot export and production in libya, which i might add, at the moment seems very low, but of course there is a potential that the markets are concerned about,

there is a remedy to this, but that is the overarching concern right now. at this point, we do not see any sort of significant risk at this point, and neither do the markets. this is because when we look at the volatility in libyan oil production over this past decade, production have yo-yo 140 barrels a game on in and month out, seven times greater than the fluctuations we were seeing in the primer two decades -- prior to decades. so even though libyan oil is very high quality, it is also very volatile. so the market has been able to learn how to adjust to these wild fluctuations. standpoint right now, we are looking for a significant increase in price, but it certainly is another little weight on the scale as we head to the summer.

shery: we are already seeing signs of the global economy slowing down, not to mention concerns of u.s. stockpiles. what will investors be watching if the libya oil situation is not as important in the week going forward? and selectat is in point, and this is from an oil investment standpoint. let's go back to our first class in calculus where we are at our inflection point, that thex point, weakening from inson because the finest are their maintenance season come as a demand in the united states and in europe will pick up each of those market areas by one 5 -- 1.5 million barrels a day over the next couple of months, but it is convention upon -- contingent upon this global health. certainly we see oil prices going forward with the breadth market hitting $80, the new york mercantile exchange hitting into the mid-$70's, and certainly i do not rule that outcome over

but those prices were short-lived last year. they are not sustainable. pullbacks point, any from investor's standpoint, what would it do? potentially drop the price of oil higher, which would further sweep the margins to the refineries of both european and north american producers. so it does present a situation where it could present an extreme challenge, especially to a fully integrated company that has to pull oil out of the ground, when it's high-quality oil goes missing, you will have to source that somewhere else, and the that will have an upward impact on price, which of course impactppehave a downward for refiners. haidi: david, brent about $75 a barrel. have got the opec plus report due out this week as well. is that expected to show really a good balance when it comes to

implementation, and will the suggest that the market is feeling more comfortable about u.s. shale being a bigger producer in this market? and i wantthink so, to really emphasize here that u.s. shale production currently for the foreseeable future, foreseeable future in the commodity market is only for the next season. u.s.re white certain that shale, it will be that producer, and it is going to remain were opec robust, so in collusion, i was going to save the soviet union, the russians are certainly, given what they can to withhold oil from the market, we certainly are going to see robust production continue to come out ates, because st this is why we have a futures market, and last september, when you were able, a producer, able

to sell their production at over $70 a barrel in 2017, they went ahead and sold the futures contract. the future is now, something contracts will come to expiration, and there's going to be u.s. production to offset those contracts, so, yes, we are starting to see that the market is becoming more comfortable, and i am very comfortable, because the market is performing a very seasonal fashion. prices have been weak, relatively speaking, during a are demand part, but we getting in the month ahead to start to transition into the demand season, and price is acting accordingly. it is acting just along that side, how you would expect, so intuitively, the market is behaving the way you would want to see. from that standpoint, there is no come outside of a loss of oil, no real outliers that the market can see at this point. schork, thank

you for joining us on the phone. president trump has announced that homeland security secretary kristin nelson -- kirstjen nielsen is resigning. he tweeted "the current commissioner will become acting secretary for the department of homeland security. i have confidence that kevin will do a great job." let's discuss this with ross krasny in d.c. hasnow that the president been focused on the southern border, threatening to cut aid to el salvador, what of allah, guatemala,as -- wh and honduras. nielsenseen secretary on the fine line for quite some time. >> exactly. the position that she is in is a very difficult position in the trump administration with its

laser focus on the southern --der and the cons threats constant threats and the budget fights over the border wall. not an easy position for her, and she is now out, as has been rumored, kind of on and off for, , six months. there have been times when president trump has exploded at nielsen during meetings, according to the sources that we have heard from, and it seems like perhaps the latest trip to the border on friday by president trump and secretary nielsen, we probably saw it on and a toughero go direction on immigration, those are some of the reasons that she is out. trade,in terms of optimism in the markets on a changes have been made, more talks coming this week. isit possible at this point

say who has more leverage, who has the upper hand? ramy: well 0-- ros: well, it is a very interesting dynamic or it we got the impression that china president xi would like to wrap up these talks, and we have seen the material nature of president trump in terms of what happened at the summit with north korea's kim jong-un, trump basically walking away from the table, not the kind of thing that president xi would like to have happen to him, so he is wanting to hurry things up. i think, on the other hand, on the u.s. side, trump and his team would really like to see a trade deal that boosts the stock market. we get the impression they are very keen to do that. they are keen to have economic wins and really put the u.s. economy in rocketship mode, as trump has described it, heading into the 2020 election-year. so there is certainly incentive on both sides to make these talks go well. china's official news agency on

friday talked about a tough nut to crack, and certainly with these talks in any bigotry talk, anys often the most -- difficult trade talks, it is often the most difficult elements that get left. not too sure at this point. haidi: thank you so much, ros krasny in washington with the latest on trade. that ahead, speculation may 18 will be the aussie election date. we will get a report from the university of south wales. says: but up next, ben markets are pricing in too much. he will tell us why he is so upbeat. this is bloomberg. ♪ upbeat. this is bloomberg. ♪

haidi: i am haidi lun in sydney.

shery: and i am shery ahn in new york. global stock of the economy this week when the imf gathers in washington. our next guest says they may be happy with what they see with the global data looking healthy. joining us now, the managing , managingen emons director of medley global advisors. on friday,bs report how do the numbers go to the consumer sector here in the u.s. ? you for having us. if anything, if you have a robust stock market, then by itself, it features here in the rush quite a bit, and i am not so impressed by the economy that some of the other evidence are showing. see these rebound happening not just in the u.s. but also globally, because the trade comes together, the sentiment around the trade deal , you see itmproved

through the last few weeks, and actually in a lot of cases, a lot better than expected. shery: see your point, trade .olicy certainty is falling a measure as seen by newspaper coverage of the economic trade. we see that measure plunging on more optimism over a potential trade deal. and this is why, that there would be no need for global central banks to get ahead of themselves and start cutting rates now. ben: i think so, shery. i think that shows why in the fourth quarter there was so much pessimism that led to these rate cuts being priced in, and that is really overdone. if you overlay the graph that you had with the number of rate cuts, you can kind of see why it was driven that way. i think that expectation will change this quarter, that we will take it all back, and these

two levels that reflects the global gdp, it is now again at 3%, a little bit higher, that will set itself up for the second half where perhaps the inflation picture will start to bottom. says, allevious guest things are happening in the food markets to drive up oil prices further. so i would think that the next step is to have some bottoming of distillation -- deflation. i am wondering at how much we should look at correlation, fund things like te dollar and commodity. should we see a rationalization into more risk? ben: i think that is happening, haidi, because if you look at the valuations of not just equities but still in terms of fresh levels globally and you compare that to fixed income, the government bonds look to be pretty overvalued, and when you think about that wrote is picking up and is actually quite low, then you will see this

potentially happening, and as a result, it is between the dollar and oil playing on a roll, too. it seems to be shifting toward ,he risk remains well supported but we would see a moderate rise of interest rates. ben, we have continued to see the president having another go at the fed, fed chair powell, slowing growth down, calling for a lower interest rate. does he have a point when he says there is no inflation? does that has struggled to say that. ben: there is no breakout inflation. we are not really well above the target and accelerating from their. we are below the target, and it seems to be a cash-subdued environment. in that situation, monetary policy should at least be on hold, and that is what is happening. markets actually price in rate cuts will multi-policy should be

on hold given the inflation pictures. change,nse, that should whether it should follow through with more easing, that really depends on how the inflation picture changes from here given more studies. . i do not think that will be the case likely we will see moderation of inflation a little bit to the upside. so i think all these tweets and comments, inflation is low. it does not require these rates, that is for sure. ben, always appreciate you coming for us, ben emons, medley global advisors. lots more ahead. this is bloomberg. ♪ this is bloomberg. ♪

you a quick get check of the latest business flash headlines. chrysler is teaming up with tesla. using a so-called "option that allows automakers to group the

ir fleet together. hundreds ofng tesla millions for the privilege. toyota and mazda are creating a similar arrangement. looking for a loan at $600 million, speaking to banks for a majority of one or two years. back in february, they slashed more than $120 million at boeing airbus. that was following a series of operational losses, $5 billion over the last three years. china's foreign currency holdings, lower government bond areas. and developing tom mackenzie joins us. what can we define from these latest numbers? tom: haidi, they paint a picture

of stability, certainly no sign of outflows, not a big surprise up 2%that the yuan is against the dollar. despite that, you see the march numbers picking up about 8.6 billion dollars u.s., adding to the month of march, taking it to a total of $3.098 trillion. that is what you saw toward 2013, 2014. but ubs, as you said, saying larger downing valuation effect, higher prices and bonds upsetting weaker currencies. the pboc says they might need to remain stable, whether they are more flexible yuan and what they describe as "reasonable growth." shery: tom we also see that china has been adding to, its gold reserves. what do we know? tom: they have been going on a

the pboc,g spree, adding about 11.2 times for the theh of march -- ton for month of march, taking 60.6 million ounces. is expected by the end of 2019 to be the second-largest buyer of gold if they continue on this pace, after russia. china has been adding to their own resolver there is some -- their own reserve. goldman sachs, by the way, predicting prices in the next 12 months will rise to about $1450 an ounce. currently a little below $1300. haidi: all right, our china correspondent tom mackenzie in beijing. coming up, looking at u.s. jobs markets numbers. action at the fed.

we will be live in sydney and in new york. this is bloomberg. ♪ is bloomberg. ♪ so with xfinity mobile

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haidi: it is 8:30 a.m. here in sydney. futures looking pretty positive after aussie stocks finished lower than the rest of the region on friday. about half a percent since sydney started trading, after we had a poignant -- buoyant close. i am haidi stroud-watts in sydney. shery: and i am shery ahn in new york, where it is 6:30 p.m. you are watching "daybreak: australia." we get the latest with su keenan. su: president trump's top economic adviser saying the u.s. and china are closer and closer

to a trade deal, and negotiations will continue this week via teleconference. we were speaking with larry kudlow, and he says he has " darted optimism" about resolving "guarded optimism" about resolving the trade talks. the outstanding issues are "tough nuts to crack. kudlow: of these negotiations, we get closer and closer. we made good headway last week when the vice premier was here. this coming week, there will be a lot of teleconferencing amend the top tier to discuss the conferences. su: the price of oil, meanwhile, is rising. outside tripoli, the militia already control the east and the south of the country and advanced steadily in the west. peaceout put an fragile

reported in libya, but productions remain unreliable. alliance anda silent, meanwhile, has suffered a setback over confusion regarding last month's election results. it could form a seven-way coalition that would have enough to oust the ruling military electionty, but the committee says the remaining 25 parties would likely receive military seats, which would dilute the numbers. official results have been delayed until may. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am su keenan this is bloomberg. shery: su, thank you so much. more on the latest news of kirstjen nielsen leaving as secretary of homeland security. bloomberg has learned that president trump asked her today

to resign. president trump once a more enforcement type figure two lead dhs. president trump is set to have been frustrated that the order issue is not resolved faster. we have word from the president wants the southern borders to be enforced. he has threatened to cut the border with mexico -- close the border with mexico. we are also now learning that president trump directed stephen miller to take a bigger role in the integration issue, the chief integration -- chief immigration aid. we have learned have directed stephen miller to take a bigger immigration role. to sophie's get kamaruddin. sophie: asian stocks managed to

eke out some caution on friday. extending losses for a fourth straight session. leading by 3.2% after lowering its fiscal 2019 earnings guidance on increasing. let's check in on the terminal, because i want to highlight this, the chart that you can find in the gt the library. debt, haidi,et the line of blue compared to local currency markets. this is strength over dollar strength, a potential disappointment in u.s.-china trade talks. growth continues to loom over e.m. spaces as a down trade looms. and we have evidence of sluggish wage growth in the u.s., haidi. haidi: let's get a bit more on what we're watching. we have bloomberg's global

markets editor adam haigh with us. we looking at the u.s., about 1.5% away from a record high. we keep looking at the extremities of this rally. historically, have we seen this happen before? ofm: this rally taking a lot people by surprise, not least of the hedge fund people, haidi. shows you the participation from hedge funds is actually pretty low in this rally. stats,dly, some of the if you cast your mind back to december, there were 65 trading sessions since that low through april 1, up 23%, and the folks over at a research company have done a sort of historical comparison on that kind of a move going back to 1950, and it is in the 99th percentile of moves, so certainly it is extremes. certainly plenty of data and plenty of anecdotal evidence to

suggest a lot of people are still sitting on the sidelines, there is still plenty of cash, and a lot of people who are the fact thatck they are worried about the slowdown in earnings growth will be enough to get them back into the market. plenty of people have sat out a large part of this rally. as you say, the s&p 500 really just a percent or so away from that record high. are we going to get another wave of people coming into the market now who have made a lot of these moves that want to add to the risks? there are certain signs of the second half of the year being an improvement for global growth. shery: and of course there is a lot of concern about growth in europe, so much so that a senior fund manager at rock says bcb should start biting stocks. black rock -- at says the ecb should start buying stocks.

adam: it is concerning, shery, it is a real worry over in the japan economy. what he is saying about europe is with corporate borrowing costs so low, as this chart shows that blue loan line having gone higher, rates so low, you have $200 billion worth of european btrporate dealt with -- de with yields below 0, the you need to extend the equity channel, and the way the ecb can do that is by extending equity. the extent of the worry about how growth is struggling in large and how some institutional money managers like blackrock see little signs of that improving in the near term, it is clearly a sign of real worry in europe. of course many in europe do not think the ecb should do this, but should they move to that

kind of a little, it would not be a surprise to plenty. shery: sur. e. adam, thank you so much for that. adam haigh. you can find his chart on the gtd go on your bloomberg. president trump is -- g tv on your bloomberg. mother ipresident trump is calling on change after an abysmal february reading and unemployment remaining near a five-decade low. haysarkets editor kathleen is here. kathleen, he wants the fed to but this time, he weighed in on the inflation debate as well. saying hewell, and wants quantitative easing, the fed had a key rate of 0. wasas telling reporters he ready to get out and see the wall, this was friday after the jobs report and asked about the

fed, he didn't surprise people. he was pretty definite that he is convinced the economy needs more stimulus, and they have got to act. trump: the fed, i think they really slowed us down. there is no inflation. i would say in terms of quantitative tightening, it should now be quantitative easing. kathleen: but then later, speaking to bloomberg television, larry kudlow, an economist himself, the white house chief economic adviser, said a little more gently yes, fed, we need to do more. let's listen to what larry said. looking at the yield curve and other market-based measures, i think them on their time -- the fed is independent, i want to emphasize that -- the president has said, and i concur, but i think we could do at some point with some reductions in the fed's target rates. i think it is

interesting for larry to go out of his way to say look, we know independent, we cannot force them, but rate cuts are called for now. little by little, he looked at the yellow column, you can see in the bottom, by the end of the year, there is now a better than 50% chance according to fed fund traders that there will be one rate cut this year. they have said over and over that we are ready to move in either direction. if nothing else, haidi, it was a story, inflation needs to show up. that is one reason why the bond market is still looking for something to happen, because inflation just below target, not quite getting there, that is another reason why this debt gets a little more live every day. haidi: do we know more about what the report actually tends to support? igh, a goldilocks as

we go on? that is exactly what it should signal. you look at the payrolls, and that is where we should start, jump into the bloomberg now and let's take a look on the chart, payroll, it revised bito 33, but it is a little worried. now you have almost 200,000 bonus so that was reassuring it was a fluke. average hourly earnings, which is wages, got to 3.4% year-over-year, a gradual climb from 2.5% to 3.5%. is that the end of the world? our wages going to stop rising? of course we don't, but we are a little more willing to sit back and wait. let's open another chart, because we have a 49-year low, and you can see where it is, 3.8%. that is the blue line.

this is average i really earnings. i told you this came down. this is the pce core rate year-over-year, 1.8%. it has had a hard time, barely touched 2%. again, a striking signal for the fed. if they were going to try to justify a rate hike right now, hard to do it with that low inflation rate. a rate cut does not seem too much on the table. all right, our global economic and policy editor kathleen hays for us, reading the tea leaves at the fed. next, leaving australia waiting on the day as the countdown to the federal election continues. this is bloomberg. ♪ is is bloomberg. ♪

shery: i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. you are watching "daybreak: australia."

we will have to wait a little bit longer for the next australian elections. expectations, they have not launched the campaign over the weekend. poll at least. we discussed with a professor at the university of new south wales. is it biting more funding, -- b uying more funding or getting taxpayers? >> i would say it is a matter of both. they are probably annoyed enough with politics. thee gets the sort of benefit of a pseudo-election this week without putting the pressure on people to start the campaign to say is this right, make up your mind, because wait, at the moment will and the longer a campaign goes on, the worst it can be.

haidi: so the budget will strike, the oppositional response, key issues like health care. dr. rolfe: it was a necessary budget, to put it that way, the attack of labor, especially on infrastructure, many of those labor sources, it was necessary, but what it is going to do is a great budget balance of popularity that the government expected. polls have been against them. shery: that was interesting. it showed the recent federal budget is one of the fairest in years, so what was that problem in that translating to the s approval ratings also getting a boost? dr. rolfe: one does not make a

summer, and the trendline has been about 40 polls at the the thingsen all of that have happened over the last few years, particularly the leadership conferences that have happened and the rotating door at the office, and also the change for australians to really put things like foreign change at the forefront of their thinking, and you have immigration and their thinking, and us trillions being concerned thet the suggestion and government not really responding well to those issues. are theo tell us, what key policies and issues that will decide the election? dr. rolfe: the cost of living is a major, major issue, for starters, and this was in the recent election where the

a little was fighting bit of the same issues as their counterpart and trying to distance themselves from the federal government. on issues like climate change, they wanted to present themselves in new south wales as more moderates. you have issues of health, wage stagnation, as you do in other countries as well, and the pressure is on the household budget, hence you have these issues of health. but also the issue of climate change, we have had bush fires happening, major bushfires happening during the winter. we have had dropped as well. saw images ofably in theing in our rivers, countryside, and the government incompetentnept and in dealing with these things, specifically climate change. the wentworthin

electorate, which is my electorate, we have seen the swing to independence. is that something that you expect to see replicated in the federal elections? dr. rolfe: yes. do not have flash popularity ratings with certain people, and you will see especially in voting for the upper house , about one-third of the electorate going to minor parties and independents. haidi: thank you so much for joining us. no doubt it is something we will keep talking about until probably may 18. university of new south wales politics lecturer mark rolfe joining us to use your tv function on the bloomberg at tv . other function, join in on the commerce asian. if you have any -- conversation.

if you have any questions, you can do it there, do check it out at tv . this is bloomberg. ♪ this is bloomberg. ♪

haidi: let's get you a quick check of the latest business flash headlines. warren buffett is asking wells fargo to look beyond wall street for a new ceo. buffett is the bank's largest shareholder, and he told the to" it would not be "smart" pull someone from the tightknit business community in new york. wells this variance a range of scandals. he supported it 100%. haidi: shareholders are prepared to remove him from the board as accusations of financial misconduct. the vicee replaced by

chairman. an extraordinary shareholders meeting on monday is expected to overwhelmingly approve him off of the board. shery: indonesia's top ride-hailing service is hitting the super highway. by a u.s. market intelligent company that would fourth indonesia's startup to hit the $10 billion club in only the second. -jek says an ipo is definitely a long-term plan but will not be likely soon. whole anxiety to the new level. our next guest has written all over all in an electric car. you wrapped up your car yesterday. you must be tired. >> at the moment, i am still full of energy, like yesterday. i tried to reach sydney.

i did not know when i would reach, like yesterday, i think, perfectly together. in a paraderiving of about 50 electric cars. i did not know so many german cars would show up. they guided me over the bridge into the finish line, where there were people waited, and they welcomed me. i made it to sydney. haidi: what is the message he wanted to send? -- what is the message you wanted to send? >> i care about the environment a lot, and people started talking about it a few years ago, and electric cars started to become interesting for people. i thought electric cars were great care they also are silent. and we have to think about climate change. unfortunately, a lot of people do not want to switch to electric cars yet, there are a lot of prejudices, they think they are not reliable, so i did my bit to prove by doing something which really speaks to the imagination, which is

driving an electric car from amsterdam to the other side of the world. shery: one of those issues is range anxiety, right? and you face that issue when you ran out of battery in the middle of nowhere. how can we overcome those issues? problem i only a encountered in australia. 32 countries, it happens only it happened a few times. my car is a third-generation with a range of 200 kilometers, so at some point, i just knew, like today, i am going to drive, and i am not going to make it. i need to get a jump so i can make it. so we had issues to start the uptake of the electric vehicle charging stations also and more leroux places of australia. -- in more rural places of australia. shery: tell me about the

differences you saw in every region when it comes to the availability of these charging stations, as mentioned, and the mindset of people toward electric vehicles. acrossyeah, having 23 countries, i saw differences everywhere. europe is a little bit ahead, but there are still european countries where it is going very slow. a few asianare countries, like malaysia, where there is a network of charging stations with hardly any electric vehicles. so there are a lot of differences at the moment. why you can see it is most developed is most from getting a push, by getting incentives from electric car makers, incentives by both the public and the corporate, both to get a push. from your experience now, having almost essentially wrapped up the trip, what

lessons learned, and what suggestions do you have for policymakers to make this more mainstream? wiebe: at the moment, we need to push, more incentives to make it affordable for customers to start riding electric. ork your car for free, cutting taxes on electric cars or making it available to charge for free inside of cities. countries where the governments have big incentives like that, that is where it is going. you so much, thank for joining us. amazing journey. weibe: thank you. haidi: plug me in founder wiebe wakker there in sydney. i am heading here this week, the asia society.

we will be joined for that conversation, and another big gust coming up on bloomberg -- guest coming up on bloomberg, about 4:00 p.m. sydney time, catching out of hong kong at 3:00 p.m. this is bloomberg. ♪ ♪

haidi: good morning. we are talking -- we are counting down to the asia oven. -- asia open. sophie: welcome to "daybreak: asia." haidi: our top stories this monday, president trump's economic advisor close to a trade deal. .here are past issues remaining oil rising.