we are live at the barclays asia forum, putting the world's poor to work in the digital economy. s bloomberg. ♪ shery: we are counting down to asia's first major market opening this morning. japan has gained for the last four sessions, while futures are unchanged. you're watching daybreak asia, i'm sure young and hong kong. ramy: and i am ready it essentially new york. -- i am ramy inocencio in new york. there are exchange points in korea where note 7 owners can head of a potentially overheating phones. that extent than initially stated u.s. airports, letting travelers swap the devices before boarding planes. authorities around the world have banned the note 7 from the cabin as well as they hold. in placethe steps after the cup they failed to resolve safety concerns. shery: t-mobile will pay $48 million after failing to expose -- disclose limited data plans that were called unlimited very the fec found out that the that theuse a lab -- company allowed limited data speeds. starbucks is pulling out the stops in china, and is expanding to more than 1000 locations next five years. sta

the presidential debate really front and center as we go back to our coverage of the barclays asia forumre delegates have no doubt been keeping an eye on the debate. our southeast asia correspondent is with one of the most prominent commentators on the economy. over to you. said, front and center. all eyes and ears on the u.s. presidential debate. we have a hohman el-erian joining us this morning. your thoughts on how important it is to be -- for there to be a clear winner. >> depends on what the winner is. i only saw the first hour of the debate, and it was nice to have a more civil debate and an actual discussion of policies. the market fears one of two outcomes. one, a clear win by donald trump that suggests not only he will secure the white house but also that he would implement chinaately terrorists on and mexico. that is an outcome that the market is worried about because it would most likely lead to recessional conditions. the other outcome the market is not comfortable with is a clean sweep by democrats, that mr. trump loses so badly at the debate that that creates momentum not j

with us is barclays head of investment advisories for asia and middle east.ic, we got the initial pricing guidance in at 160 basis points over similar maturity u.s. treasuries for a five-year portion of the sale. that was a little bit higher than the 153 basis points some people have been talking about. were you surprised? guest: not quite. especially if you look at the cbs. priced inrential is the cds right now. this pricing for the five year is just about right. tracy: business about the size of the bond issue, the fact it is the first ever international sale of debt by saudi arabia? or does it say something about concerns about their economy, or both? guest: both the semi-say make sense. it is a mix of things. we expected to be about $15 billion, perhaps slightly less than what argentina issued earlier this year. but less than that it is about behind the intent entire restructuring of the economy from a reduction of subsidies to salary, etc., excise tax, all of those things that will help address the deficit cap and whether it will work in saudi or not. st

barclays, john mcfarland. he has been through the ringer in europe and asia. tom: love that. he is a first rate banker and gets right down to the basics, which is, get down to your core business, right off loans, raise capital, and decide where you want to go. tom: two of our brokers are out, can you book john for us? francine: you were very strong on brexit. he is certainly one of our favorite bankers. bill rhodes, thank you so much. stay with us this afternoon for a special episode of bloomberg "surveillance." we will speak to philip held a grand and the italian finance minister -- philipp hildebrand and the italian finance minister at 2:00 p.m. in new york, five -- 7:00 p.m. in london. ♪ francine: these are live pictures from london, home sweet home. imagine the panic. i know it was late last night in the middle of the night so a lot of people were not in the city of london with the cheese grater that makes tom lost. some point,wn 6% at and investors are saying the slump was exacerbated by computer selloffs. tom: i would not look at the algorithm issue, i would look at we

and equities overseas and the deutsche bank and barclays earnings that we're seeing over there in europe as well if we can look at what's going on in asiamixed picture. also oil prices weighing on some of the action in the market. you can see the hang seng down by about 0.8%. that's probably the biggest laggard at this point for asia. the nikkei down slightly as well as the shanghai. >> soft day for australia today. let's look at broader markets. oil prices slipped with brent and wti below $50 a barrel. yesterday we saw a 1.5% decline for wti. its third negative session in a row. looks like we'll buck that trend today. up a quarter percent. 49.3 for wti. the dollar yesterday was pretty much flat. it's calmed down the march higher in resent trading sessions. it's flat again today. small moves into either direction. the pound had rallied a bit after that gdp data and softened again. gold prices, to round off the market outlook, slightly higher this morning. 0.2%. 1.269. >>> european banks have been reporting this week. deutsche bank posting a surprise profit of $303 million, toching estimates. the firm setting aside more money to cover li

barclays has earned 2.90 billion pounds. that is under the tenure of the current ceo, jes staley. he has pulled this bank, investment bank, out of seven countries in asiaafrican business, jobs as part of a major strategy and turnaround. before i turn my attention to mr. staley, one other hot headline on the bloomberg terminal. this is nomura. met income at ¥61.2 billion. billionmate was for 45 yen. revenue at barclays, let us focus back in on the barclays story. of 414a net profit million, up from the 417 million and the revenues, 5.45, up from 5.48. this is just staley who joins me now. mr. staley, thank you so much for joining us today. at the top lines, it looks like the progress is progressive. you have been in the seat for 10 months. did meet your own scorecard. how is it going? the we set a strategy for bank on march 1. it was angered by being it a diversified bank with a consumer and investment banking franchise. it is quarter highlights highlight to the value of that diversification. we have a lot of our revenues in u.s. dollars and revenues in the wholesale side of the business, a good footprint in the united states. a retail bank that tends t

asia, and all you see in this column is red. bonds are falling across the globe today. it is this column right here that is all red. if you look at the bloomberg barclays aggregate bond index, its worst performance in september of 2014. you have trainers in the u.s. looking at the likelihood that the fed will raise rates in december. camecularly after u.k. gdp in better than estimated. vonnie: now let's check in on the bloomberg first word news. mark crumpton has more from our newsroom. donald trump won't commit to working to hillary clinton if she's elected president. he spoke to george stephanopoulos earlier today on abc's "good morning america. >> i'm not saying i and -- i'm not or i am. hopefully i won't have to make that decision. mark: meanwhile secretary clinton has called mr. trump, quote, whatever happens, we need to work together afterward great she sidestepped the question of whether she would meet one-on-one with trump after the election. first lady michelle obama campaigned with ms. clinton at a winston-salem, north carolina. the clinton campaign described so first lady as its not secret weapon. her appearances have been critical to clinto