asia.> anthony: those are not bad places to live. >> fiore: yeah. not bad places to live. >> anthony: bali's nice. >> fiore: bali's nice, but then, every time i'm -- when i'm away, i miss rome. when i'm in rome, i want to go away. >> anthony: so, do you take it for granted when you drive by this magnificent, like, the coliseum? >> asia: yeah, i don't even look at it. >> anthony: what about you? do you think, "wow, it's kind of awesome here?" >> ana: mm, yeah. i do, actually. i appreciate it a lot, but it's not like every time i drive by i'm like, "wow!" >> nicola: like, this year it's a bit better than the other years. >> asia: what? the coliseum? >> nicola: yeah, like -- >> asia: why is it better? it's been there for 2,000 plus years. >> nicola: yeah, but -- well, other year it was, um -- >> asia: dirty. >> nicola: dirty. and, and it was, uh, like, plastic somewhere. >> anthony: oh, they were -- when they were renovating it they covered it. >> asia: they were cleaning it, yeah. ow. >> nico

together and south asia. building capacity of our partners. the indians have taken an interest in getting more engaged in the asia-pacific as part of modi's act east. i think there is more coordination the united states and india can do at the strategic level in terms of finding ways to build capacity of the southeast asia partners and southeast asia as a way to check chinese ambitions a little bit. more cooperation in the indian ocean region. historically that's been india's space. we have a very successful exercise that we do with india that -- going back to the point i made earlier about networking our security relationships, we should try to press the indians to include allies like australia into that exercise. the more we in india can work to expand this approach to the region the better. in terms of your question on democracy, the united states and india share issue to view on the importance of a rules-based order. it is what drives our cooperation at the strategic level. i think the more the united sta

vice president's trip to asia. we will also be in singapore to talk about the property sector in the region. anchor: that is right. what is to buy in asia in poverty? in new york -- in property. breaking down netflix's earnings. is "daybreak: asia," coming to you live. i am betty liu, here in new york. yvonne: it is just after 7:00 a.m. in hong kong. i'm yvonne man. investors had a pretty good easter break. we are seeing markets with quite a turnaround here. a very strong data out of china gets to be a potential game changer as well for markets and does comments coming out of steven mnuchin on a strong dollar, saying it is a good thing. betty: it is a good thing and kind of undermining a little bit all the bluster, so to speak, that we heard last week from trump about meeting a weaker dollar in order to propel the economy. again, it kind of drives home that point, yvonne, that there does not seem to be a unified voice coming out of the white house, and that continues to confuse investors. yvonne: he still expects a

together and south asia. in particular, the building capacity of our partners. the indians have taken a recent interest in getting more engaged in the asia pacific, part of modi' act east. there is more we can do at the strategic level to find ways to build capacity with the southeast partners and south asia. as a way to check chinese ambitions a little bit. also, more cooperation in the indian ocean region for sure. historically, that's been india's space. but i think there and more the united states and india could do together in that area as well. we have a very successful exercise called malabar, that we do with india that we invite the japanese to. i think going back to the point i made earlier about networking our security relationships, we should really try to press the indians to also include allies like australia into that exercise. the more and we and india can work together to expand this hub and spoke approach to the region, i think, the better. in terms of your question on democracy, the united s

we have the world coverage here on daybreak asia, we will be live across asia and the u.s.or the latest from the boj and the fed. betty: and we will have more on the imf and the push for more open markets. plus, in minneapolis we will see if the samsung will boost its image. guru iswhere a tech located. daybreak asias come alive from the u.s. and asian headquarters. i am betty liu. 7:00e: it is just after a.m. here in hong kong. this is on a positive note. steve mnuchin said tax reform could be coming soon. but no real details. this: it is just words at point. how many times have you heard people in washington say this will get done and then it does not get done? however, at least today it was enough to get the markets to this day rally. at least on the asia side, the u.s. is ending the week for you on a positive note. yvonne: let's see how things are in new zealand. the index firm, up 1/5 of 1% on the index 50. take a look at the kiwi. yesterday there was better than expected inflation data. a lot of dollar strength coming in. .7525 for the aussie. take a look at the dolla

and asia., more warnings about aig. details next. this is bloomberg. ♪ forecastbs has cut its for aig earnings, saying the insurers are becoming ever more discouraged, and that may be hurting their returns. this is interesting. ubs took a look at glassdoor that morale isnd getting lower and lower. >> we have seen analysts over time look at glassdoor. this year, the looming elephant in the room is aig. the ceo is stepping down. there is nobody who is a clear successor at the helm right now. strains this is causing in the company. we see from reviews that there are signs of strain in the operation as well, even after years of low morale. betty: i was going to say, it's been a lot of troubled times for aig. it doesn't seem like the company can hold onto a cio longer than a few years. what's going on here? >> it's been really tough. right after ubs, a couple hours later, they put the chairman ceo l. -- letter out. the thing that kind of broke the camels back, if you will, was they posted for losses

i want to bring it back home to asia and asia-pacific.is now seeing these numbers. in terms of asia-pacific numbers, they are seeing a bump in their shares right now. up by 2.2%. they had been higher by 2.4% earlier when they just started trading. is interesting, the ceo of caterpillar mentioning china seeing significant improvements and contributing to that jump in the region. but we speak with the mining industry? ramy: if we are seeing the pop in terms of the etf, we are seeing the rise from the beginning of 2016 through 2017. this is the x and eight etf -- xme etf, and you can see it has been falling in terms of what has been happening with machine sales you're looking at komatsu up i .8%. there we are, spider s&p metals is for the past five years down 37%. but you can see in 2016 the nadir there. but sales for caterpillar have happened as those that happened. construction in china has been one of the biggest list for liftsillar -- liftsa -- for caterpillar. construction projects rose to a record number. construction is clearly what i

we have world coverage on daybreak asia. we are live across asia and the u.s. to look at the u.k.'snap election in the latest growth report. betty: and here in new york to break down the latest on the banking. tech earnings in year. this is daybreak asia live from a bloomberg's asian and u.s. headquarters. i am betty liu in new york, it is after 7:00 p.m. yvonne: it is after 7:00 a.m. here in hong kong, i am yvonne man. -- imf raising their forecast, it is a different tone. betty: markets are actually down. was micro-news, so to speak that dragged stocks lower. that focused on the banking sector. in particular, goldman sachs leading financials lower. we will dig into that in a few moments. yvonne: a surprising miss. again, that snap election we are preparing for in the u.k. on june 8. we will see if the pound can continue to rally, holding at 128 against the dollar. new zealand trading so far, seeing pressure in stocks. wall street down 4/10 of 1%. .44.kiwi holding to 70 the key thing to watch is this industrial route. another leg down. futures are also heading lower after a tough

commitment to southeast asia and the wider asia-pacific region. with that, i would like to welcome the vice president to the stage. ladies and gentlemen, vice president pence. [applause] vice president pence: good afternoon. to the my first visit asia-pacific as vice president of the u.s. i bring greetings from the president, president trump. it is such an honor to be here today at asean. asean has fostered economic integration. it has forged regional cooperation. it has promoted prosperity and security. but for the asean asia-pacific as a whole. i want to thank the charge the for that kind introduction. we are grateful for your work. i'll so want to thank the secretary general' the chairwoman, and the permanent members here with me today. i was grateful to have the opportunity to meet with each of you today and appreciate our discussion. they, on president trump's half, i would like to on its 50th asean anniversary. this also marks the 40th anniversary of the diplomatic relationship with you. our relationship has benefited both asean and america.

this is bloomberg asia. asia-pacific stocks declined, taking their cue from a weak u.s. session, the yen declining against the dollar for a third straight day. lane,riving into the slow brought down by an unexpected drop in auto sales last month. and the race to succeed president park geun-hye. in the absence of china and hong kong in the market, also india close today, as well as taiwan, we do have malaysia coming online as expected. it does kind of feeling we are getting a slight drift into the risk of sentiment. let's go over to david, who is taking a look at how the markets are going. we had a week cue from wall street overnight, but it is important to say that this is a lower as opposed to a sharp leap into drop off territory. david: absolutely. when you consider what happened overnight, the first quarter was not a normal quarter. when you look at the sort of acrosse are not seeing markets, it's a time of consolidation. when you look at asia, it's not surprising, not exactly a rush to the exit. we have been trading around these levels for the last hour or so. have a

is letond-most insulated 10+++ those are asia. asia is most exposed.f: we see some big move in emerging markets over the next 24 hours. the moves in repricing. i brought out the wtf function. you can see year-to-date basis of market functions. on the downside, you have the turkish lira. how is this picture going to change? which is likely to underperform here -- underperform here? rob: i think so far this year, we have seen a lot of countrie'' currencies investors thought were exposed to protectionism have done very well. mexico, korea, for example. this meeting between a trump and the chinese president, if there is a big focus on protectionism again, i think we could see weakness, particularly in the asian ones. korea, taiwan, singapore. the currencies i think could hold up relatively well are more because in emia, basically are not that exposed to the u.s. protectionism. shery: you also mentioned southeast asia, the ringgit could suffer. rob, thank you for joining us. asia x japanst for viewed coming up, the latest from abbott gabby, where a bank mer

how important is asia to netflix? asia is seen as a massive growth area for the company.billion worldwide on marketing. a lot of that is going into asia. 0ne of the biggest challenges they have in the region is some of the original content that has been so successful in western markets like the us and europe, it does not trans late as well the again. —— translate. they are also having to make content specifically for that pa rt make content specifically for that part of the world. expect them to spend a lot of money in that region. eventually it will repay them. but it will take some time to pick if they can crack at it will fix that subscription problem we are worried about. -- it. a parcel of land was bought in mumbai and was developed into a satellite city and business up, afirst into a satellite city and business up, a first for india at the time. today, they are managing a group of companies. the family trust runs schools and hospitals across the city. they are one of india's india's waca one this is a new series, busy breakfast. we caught up ora series, busy breakfa

good morning, asia, hello, world. glad you could join us for asia business report.u could join us for asia business report. iam rico you could join us for asia business report. i am rico hizon. you could join us for asia business report. iam rico hizon. we you could join us for asia business report. i am rico hizon. we start with japan, and companies there are making headlines for all the wrong reasons. fuji has delayed its most recent earnings report after discovering accounting is regularities, and toshiba is restructuring its business after the colla pse restructuring its business after the collapse of its nuclear business. is the japan central bank doing enough to reform corporate governance? i asked our correspondent in tokyo. the reason for the problem is very deep. i would say it is cultural, but there is regulation to it. first of all i think the japanese government, as well as its regulating agency, tend to be very protective over each company. so the companies tend to be relaxed regarding their structure. and there has been a call right now for more global

what does asia -- what role does asia played?siness in this part of the world for many years, lloyd's has a 20 year history in hong kong. but we have had business in the region for many more years than that from london. us asly it is apparent to we get closer to our customer base, we cannot do everything remotely from london. hong kong, 20 years, japan, 20, china, 10. about gettingll closer to the customer and understanding their individual needs and bringing lloyd's specific expertise in insurance where the business is happening. yvonne: china and india, very much alike in the market, quite protectionist. you have to find a local partner and venture. are you more comfortable with the regulation environment in both those countries? inga: lloyd's is unique because we are in insurance market. we have the 60 different businesses operating within our market. the rules and regulations are different. we have to have special negotiations with the regulator and so far we have had really good reception. we managed to get a license granted

now it is time for asia business report. —— westminster terror.hiba is in the spotlight this week. we'll find out why their troubles mirror what is wrong with japan. andrew rules on this guy. we look at singapore's efforts to control the airspace use for drones. hello and welcome to asia business report. i'm sharanjit leyl. and welcome to a brand—new week. and these are few things we are expecting on the corporate calendar this week. on tuesday, toshiba is due to release its earnings. the troubled japanese conglomerate has been delaying releasing its results. it is done that already twice while trying to assess losses from its us nuclear business. 0n trying to assess losses from its us nuclear business. on thursday, we get the first good result from jpmorgan chase. and in —— it is a short trading week with good friday coming up. and to help map out the trading agenda, i spoke with a market hours. i first asked him trading agenda, i spoke with a market hours. ifirst asked him if the geopolitical issues after the missile strikes on syria, and the wa

this is "bloombers markets: asia." ♪ haidi: asia-pacific stocks nudging higher.arkets returned to training. the yen weaker for the first time in days. washington is worried about westinghouse. the trump administration does not want the reactor maker to go to china. exceptional, but he is also peering something is very wrong. more activity when it comes to asian markets. they are trending higher in what was a pretty terrible session yesterday. to regulare back coming back online. take a look at this chart. this is an interesting phenomenon to note. you do not think of china as being a dividend market. but it is in this way. chinese stocks come in terms of companies that handout dividend, have been outperforming the most since 2013. these players are few and far between. it is one of the stingiest markets globally when it comes to shareholder payouts. we have dividend payout supplies . we had a rally from state owned companies. rats we were seeing a start of a new trend. but it is part of returning shareholder value. to an employeeg from fidelity who said this tren

you are watching "daybreak: asia." word news. >> toshiba says they may not be able to survive. the warning came as earnings were not approved by operators. they posted and earnings loss of $5 billion. the earnings delay means that toshiba could be delisted. >> we are processing the selection of those who wish to purchase our flash memory business. taking into consideration the various cost-cutting measures we are taking, including the value of the memory business. we think we will have enough of a foundation. >> l'oreal may have attracted bids from 16 suitors for its beauty division. it has explored options for the body shop where profit has fallen for three years. the body representing automakers consumer sentiment recovers from last year's cash bell. says sales will likely rise 9% to a new record. boost employees will help sales. german prosecutors say they those responsible for three explosions carrying -- of a bus carrying a soccer team. one player needed surgery on a broken wrist. final against monaco was postpone

we have world coverage on daybreak asia.e joined by big-name guests at the finance ministers meeting. we will also be live in hong kong, and beijing. betty: president trump is meeting president xi jinping right now in the u.s. we will be live there and in new york for all the reaction. this is daybreak asia live from bloomberg's u.s. and asian headquarters, i am betty liu in new york where it is just after 7:00 p.m. >> it is just after 7:00 a.m. here in hong kong. man. man -- yvonne one wants to make america great again and one has a chinese dream. betty: they both want to make their countries great again. a big fight between these two coup leaders, the most important leaders for the global economy in the world. certainly a lot on the plate here. you can see that tension in the u.s. where investors were nervous. butid and mostly higher they're also nervous about the jobs report tomorrow and what those numbers will mean for the fed. we did not give you much of a lead in going into asia. yvonne: that adp report set the bar hig

asia may not be a game changer. policyot have that much decisions coming up, so all the focus seems to be on janet yellen and her speech at the university of michigan. ramy: that's right. she spoke a couple of hours ago. she said the u.s. economy is pretty healthy. that is actually a quote. we have all been talking about the unwind of the fed balance $2.5, $4.5 trillion to trillion after our talk with james bullard yesterday. we do not know when that will happen. meantime, we will be on pins and needles. looking at stocks, we much flat. shery: the dollar has been pretty cautious ahead of that ixeech and of course, the v jump into this year's high. in asia, the only market open at the moment is new zealand and we are not seeing really that much change in early trading. the kiwi dollar, do keep an eye on it. westpac switched from a neutral to negative bias on the kiwi this week. quarterie dollar, last is best to g10 performer against the dollar, now being pressured ore, thefalling iron metal now entering a bear market

this is bloomberg. ♪ >> this is "daybreak asia."betty liu in new york. >> i am in hong kong. messaging apps a headache for wall street, dirty jokes, dubious information, screenshots of confidential client positions being shared through whatsapp and signal. interesting story, tell us about this cultural shift among traders on the floor. >> this is an interesting trend. it has been going on for a number of years where you have big banks that have compliance sec, trying to regulate them and saying any business communication needs to come through the bank and the bank monitors that. separately you have employees who don't want to be monitored or do business on their cell phones, so it is a nuanced issue for those reasons, and also because traders and asset managers are friends, so they are chatting as they normally would be. >> i'm curious about this blending of business and personal. banks comeroved by or is that a gray area? >> most of these banks don't even want you to have yourself phone on the trading floor on the banking floor, be

alliances in southwest asia. the director pointed out that unstable governments, inefficient economies, and the persistence of traditional creatects opportunities for soviet expansion. the scarcity of resources, oil, increasing terrorism, uncertainty of political success , and reticence on the part of western countries all contribute to the unstable international environment. he goes on, for these reasons, the 1980's will pose the greatest challenge for our survival since world war ii. the reagan and menstruation pursued- administration -- the efficacy of the u.s. central command was predicated on the continued stability of the region. u.s. concerns regarding southwest asia was integrity of the states comprising a strategic region. postcolonial nationstates that share internationally recognized borders. u.s. strategy was to maintain the same map of southwest asia in the 1980's that existed in the 1970's. circumstances, which then inserted the potential to upset regional and global interests. as one cia analysis p

the east asia summit. apec. these organizations in our judgment were important for promoting collective action, facilitating cooperation, and the peaceful resolution of differences. some they advance a regional economic, political, and security argue arctic noor which the -- architecture. we promoted trade investment opportunities designed to unlock shared prosperity and the heart of that what's transpacific partnership agreement which would have brought 12 apec countries and 40% of the world's gdp together with high labor, environment, and intellectual property standards. the biggest disapotential. i've head on subsequent policy issues over the last months was the decision of the new administration to withdraw from tpp. there, e it's not only an economic mistake, it's a strategic one. it weakens, not strengthens, the united states. and its strengthens, not weakens, our competitors. without u.s. leadership, in trade and investment, others will fill the gap and write the rules. rules that will be far less effecti

commitment to southeast asia and the wider asia-pacific region. with that, i would like to welcome the vice president to the stage. ladies and gentlemen, vice president pence. [applause] vice president pence: good afternoon. to the my first visit asia-pacific as vice president of the u.s. i bring greetings from the president, president trump. it is such an honor to be here today at asean. asean has fostered

next on bloomberg. ♪ asia."nne: the first of china's biggest lenders has posted its result. a china construction bank rose 3.4% thanks to higher income. the performance we have seen out of the chinese lenders. the worst performing sub gauge, the only one to post a decline so far this year. down from 0.7%. faring a little better when it comes to hong kong and how the financials are doing there, but still ranking eighth. let's discuss more of this. the other big banks set to report. tell us what we have so far and what analysts are expecting. >> a case of so far, so good. one thing analysts are picking up, net interest seems to be stabilizing. bottoming out, coming back a little bit. with tightening liquidity, the odds are it is going to continue. at the same time, the bad loan and overhang and the last 2-3 years. analysts are starting to look more for growth, expansion. even as asset quality looks to be stabilizing, we have seen the government stepping up efforts to curtail financial risks. why the urgency? >> th

on the flipside is in asia. similar issues in asia.rican equities and american bonds are the expensive and of their range. ae rest of the world is at much more attractive evaluation level. is a good start. yousef: i want to take you up on what you said about the 10 year yield. bank of america said it is not pricing in the tax cuts presenting compelling opportunities. then i look at a note from capital economics and they are underscoring that this could be the next big thing and if the tech specs do come through, you're looking at a 3% marked by the and of the year. are you on board with that? this is tactics for bond traders, i'm not a bond trader. i'm looking at it for what is it telling me about the broader well-being. i was never a big buyer into the great reflation trade. like we are talking about before the break, there are technical advances which are driving down prices. we have a structural disinflation of the world. i do not believe in inflation, i do not believe that demand will exceed supply unless we get a real panic. howev

south korea, and all of east asia.re are using the biggest headwinds, the biggest challenges? >> again, china, china. 24.5 million units last year. 's presence is low, so with good products, brand, and quality, we have growth opportunity. tom: thank you very much. thechairman talking about opportunities here are they started late in the market and have great ambitions around electric vehicles. saying as well interesting to the chinese consumer is driving technological changes around connectivity that we are seeing in cars that may then be replicated in some brands and rollout in europe and north america as well. for that.hanks a lot tom mackenzie there at the shanghai auto show throughout the day, speaking to industry leaders and hearing from the maserati chief executive. taking a look at bmw, we will talk to the senior board member, ian robertson. do stay tuned. ♪ haidi: we are getting some lines crossing the bloomberg from the vice president of the u.s. mike pence as he continues his asia again on north korea, strong

asia.e will be live in tokyo to talk with about the latest developments are rounding toshiba and be live in texas to hear from some who is bullish on the chinese yuan. releasingyork, uber its financial results for the first time. hopefully convincing more bulls on the company. this is "daybreak asia" coming to live. >> it is just after 7:00 a.m. in hong kong. i am in yvonne man. the markets, not just u.s. given china on a pass, but geopolitical tensions over the weekend and north korea, inflation data out of the u.s. soft for march. aret did indeed, so people wondering where is this reflation trade we are supposed to be seen by now. it does not seem to be happening at this point, or at least the reflation part of the reflation trade. we want to bring up the boards on where we close on thursday. futures trading in japan. i think that is you. asia. is quiet in australia, and hong kong still close for the easter holiday, but japan futures, we could see a soft open on tokyo this morning. 108.60

onhave world coverage daybreak asia.e step the beijing to talk about challenges facing president xi jinping when he visited -- visits the u.s. in new york we will talk about the minutes in the latest said meeting where policymakers agree to shrink their supersized balance sheet. this is daybreak asia live are from u.s. and asian headquarters. i am betty liu in new york, where it is just after 7:00 p.m. and it is just after 7:00 a.m. in hong kong. the fed seriously taking this topic into a question about reducing the balance sheet. we will see if it has lasting impact in asia. betty: it was interesting, even though it has people wondering when the fed will raise rates, it did not move the markets in terms of where they see. rate hikes they seem unconvinced we will see more than one this year. we will dive deeper into that. it did cause turbulence in the equity markets. we saw that nosedive before. how is that setting us up for asia? seems that things, sentiment-wise, our firm after president xi and trump are meeting. let'

this is "daybreak asia."hest man expanding his presence in canada with the purchase of a water heater an air-conditioner maker, reliance home comfort. will paynada holdings 2.1 billion dollars for reliance, using cash on hand and debt.ng the vet -- the current management team will remain control of the business. toshiba plunged at the open, falling 8% after sources said it may miss it's already the late 11 earnings deadline. shares still down by 5%. it has received bids for its and unit worth $18 billion, that the highest offer is for 100% of the business. two toshiba executives said there was no japanese bidders in the first round, but still could come later. the head of rio tinto's of them in them operation says prices are headed for an extremely volatile time thanks to production curbs in china. cuts to steald and aluminum output in 28 northern cities in its fight against pollution. climb,ries continue to threatening the 28% price gain over the past year. stocks edging higher ahead of a busy week of of eve

asia has to play catch up, especially with respect to lgbt policies.aints around cultural norms and religious constraints, and of course regulatory constraints as well that we have to battle with. course regulatory constraints as well that we have to battle withm those big multinational companies face those challenges, how why the regional and local companies doing when it comes to those policies?m really needs to start with company philosophy around diversity inclusion, regardless of what topic. it needs to start internally a round hr policies, what you want to stand for when it comes to your benefit philosophy, your total rewards philosophy, your total rewards philosophy, how you want to practise equality, and what that actually looks like locally on the ground. so there are lots of things organisations can do internally despite having these constraints. you have mentioned some issues, such as religious beliefs, which can be a sensitive topic. your study showed that 93% of companies offer the same benefits. do you think asia could ever get to that le

am david ingles this is "bloomberg markets: asia." ♪ japan leaving markets higher, the asia-pacific is first region to react to the weak u.s. payroll number. but the have plateaued, bank has hit is goals, so says james bullard. president trump and president xi jinping hail some a success despite the threat of syria and north korea. a big week for markets as we get underway, not the best. a decenthaving session, but currencies commodities, a lot of event risks. have a look at my bloomberg. it is #7629 on your bloomberg. , the benchmark across asia, still close to 2015 highs, but the box top right, things starting to rollover. indicator, monetary conditions in china, something to watch, key inflation data out of china and new credit data as well. you have a rate decision out of south korea. let's look at south korea -- south africa. gr on your bloomberg. watch south africa very closely. downgrades,atings s&p and fitch, last week. they are saying you have to watch out for more outflows as people are forced to pay back their positions if you are investment hold grade. south africa won

, asia? >> that's a wonderful loaded question because one is tempted to answer, you know, no, i'm not going to go there actually, i think it's probably a bad idea. some of you may have seen online. i'm trying to remember who did this. if it was one of the scandinavian countries, maybe they should be inspired by that, the dutch or the -- very, very funny. you might be inspired by that. look, part any, unfortunately, i think for all of the many incredibly possibly and good things that are going on, there are real challenges that may come and rear their heads including, for example, the efforts f extremists to extend their reach to the region that the administration will have to pay attention to or want to pay attention. it's an unfortunate way of getting attention. but that reality may cause them to do more. look, if they are serious about pursuing trade investment agreements on a bilateral agreement as oppose to collectively, there may be opportunities that can present themselves in the region

we like southeast asia because there are 11 countries.oreign funds when they come in and with a look at china and india, and the reality is that it is not the same. it essentially has a lot of cultures and dialects and provisional governments that are different, so when we say we can play southeast asia, we can play global, a global companies looking into southeast asia. provide, create different verticals and revenue for them in a different region altogether. you and your partners have come together with similar backgrounds, but talk me through what kind of decision making process you go through in order to decide if you're going to make an investment. investment, you go through the market research, look at market trends, consumer behavior. we are catalyst focus. there are two different type of business as we like a lot, is this is the -- capital businesses that are able to scale and have a lot of operating leverage. the other businesses or technology that blow your mind away. haidi: thanks for that. rhl there for us in hong kong. coming

next action in asia. —— mixed.ly, so you will show you the us very quickly, so you can see how will show you the us very quickly, so you can see how the day ended. that helped today's session in east asia. i will see you soon. people in newcastle—upon—tyne are being asked if they support plans to hand over their local parks to a charitable trust. the city council says the idea is being proposed because of budget cuts. it's believed to be the first local authority in england and wales to make such plans. 0ur correspondent fiona trott reports. they are the places we treasure, quiet corners of the very town or city at the heart of our community. some of them for over a century. but they need to be maintained and here in newcastle the council is running out of money. they say the park budget has been cut by 90% over the past seven years. the solution? it could be this, a parks charity like the one here in milton keynes, which looks after some 5000 acres of greenery. they say it works because they are not competing for

we will cover them here on "daybreak asia." korea's celebrating the 85th anniversary of its founding. are faring pyongyang may celebrate by launching another ballistic missile are testing a nuclear weapon, so geopolitical risks is still in the markets this week. decisionay, watching ecb.or the boj and it is widely expected they will keep monetary easing unchanged. we heard that signaled from governor kuroda last week when he says he plans to maintain the current pace of asset purchases despite the fact inflation remains well below the central bank 2% target. core cpi very much well below the 2% target as well, as we have talked about many times before. governor kuroda. speaking about that target, saying they don't expected to change anytime soon, however, the tailwinds of this reflation has weaken, particularly when it comes to the yen. the yen has strengthened 7% this inflation the 2% inflation goal harder to reach as well. we will see what we hear from the boj, but governor kuroda exit strategynd of is still a ways away. >> t

you are watching daybreak asia. ♪ yvonne: this is daybreak asia. i'm yvonne man.flix may be on the verge of entering china. remy has the details on this. never has been chasing china for a while. ramy: for at least the last few years, trying to find a partner in china. they are seeing this partner potentially in the form of this -- o streaming site called love unique entertainment. it is one of the biggest internet streaming sites in china, similar to netflix. you see the shares in terms of tuesday trade. 5.8%. the biggest jump since october. we are seeing record highs off of that. it is unclear as to what kind of shows will be shown in china and if and when it actually takes effect. of course you think of house of cards and things like that. and netflix spokeswoman says they are looking at a bunch of deals, multiple shows in terms of what could come over to china. they said that they will have to along the lines of what beijing put out just .ome months ago they kept foreign shows at 30% in terms of streaming. they want to get a hold on local media. yvonne: and th

am david ingles this is "bloomberg markets: asia." ♪ japan leaving markets higher, the asia-pacific isak u.s. payroll number. but the have plateaued, bank has hit is goals, so says james bullard. pre

this is the second hour of "daybreak: asia."n hong kong, where it is just past 8:00 a.m.. ramy: it is just past 8:00 p.m. in new york. let's get to the chief international correspondent haslinda amin. fell short of expectations. coming in at 1.9% quarter on quarter. economist looking at a contraction of 1.8%. expansion.saw an year on year, 2% expansion. the estimate was 2.6. on both counts, they fell short of expectations. manufacturing slumped. represents 25% of gdp. it is a key factor when you talk about singapore's economy. singapore's growth, as we have said before, is a roller coaster ride. you see massive swings because of exports, trade dependence. these markets are very important. challenges remain. bad news for the lion city. we are all eyes on relations between the two. thelso have this morning central bank coming out with its decision. depreciation of the currency. as you may know, singapore going through some difficulties despite signs that the economy is progressing. if you take a look at unemployment levels, they a

and europe. -- of exports between asia and europe. >> if you look at asia today and/or dependence onhe u.s. japan for thea ex region is only 4% of gdp. malaysia, 10% of gdp, but when you look at taiwan, even india, very big consumption driven, consumer markets. there is a lot happening within asia itself the dependence on exports for growth, investors have become were aware, and that is what has been priced in. when we're looking at markets, clearly we have short attention span. moving beyond today and the outcome for the weekend, what is the next thing you would be looking at? we are setting up for another potential government shutdown in the u.s., and that has implications for the reflationary trade and treasury yields. >> exactly. a marketre seeing is in the u.s. where vibrations are higher than asia. we are seeing an environment coming from the government were ande it is more noise rhetoric rather than reality, , it isrefore going ahead still very much what will happen in the eurozone with the deadline for brexit coming up, then the u.s., but asia is a beacon of hope because earn

coming to you from bloomberg's asia headquarters, i am rishaad. seeing this tenuous rally in asia. the yen of fact, after kuroda said, no exit plan. it is too easy -- early to even talk about an exit strategy. no details, but the markets just kind of running with it. fiscal reform is definitely there. tax reform on the agenda. the bank of japan policy remaining accommodative. i cable down 20.5% in the market. we do have the reopen in hong kong and also on the china markets. 300are seeing the csi pretty flat. it has not been a great week. the shanghai composite, also flat. we are seeing some good gains supported on the japanese equity market. hong kong opening as well. as heidi mentioned, we did not get any firm details coming through but we are seeing that buying momentum. let's look at some of the movers. there is a fair bit of corporate news around today. the best gainer, up 9.5%. this deal has been approved by the government. it still needs shareholder approval. we are seeing shares up 9.5%. also, very much under pressure. technical showing it

this is daybreak asia from bloomberg's u.s. and asia headquarters.rs. am betty lou, i am in new york and it is after 7:00 p.m. yvonne: it is just after 7:00 a.m. here in hong kong, i am in unmanned. ,reliminary numbers coming in 2.7% growth in the first quarter. better than what economists were expecting, they were expecting 2.6%. quarter,an the fourth that 2.4%. lot of positive signals coming off the fourth quarter when it came to industrial production, investment, and consumer sentiment. they were quite strong. we watch the reaction out of seoul here in an hours time. this was up 0.9%. how things play out here. here are how things look in the asia-pacific. we did see this selling the last part of the trading session on wall street, flat. 5896.wi holding on at a tough week for the currency. we have been holding at the three-month lows after inflation disappointed yesterday. 7478 in futures. ecb, theht before the yen was heading lower, 111.18. comfortable above that handle. caution into those decisions in terms of wall street. the news from washington c

this is daybreak asia live from bloomberg's asia and u.s. headquarters. am betty liu in new york, it is just after 7:00 p.m. just after 7:00 a.m. in hong kong, i am yvonne man. a confusing session on wall street. to earnings, commodities, a tough day for traders in asia to find any direction. betty: you cannot blame them. you have stanley fischer and the fed is saying there is a right to be the about the u.s. economy and then someone like the big heavyweight, of black rock, saying we see something very wrong in the u.s. economy, yields falling below 2% in the u.s. no wonder investors are so confused. yvonne: he was giving a 50-50 chance for yields to go lower. oil looks like the biggest drag that we saw overnight, that jump in gas inventories in the u.s. let's see how things are in asian pacific. new zealand on the inflation beat. of 1%.it up 1/2 now at a five-year high. stocks seeing a little pressure, down 1/10 of 1%. its month, g10n currencies selling off, the aussie. we continue to see resilience in the currency and not really tracking the fall and th

this is "bloomberg markets: asia."aidi: a flat day on the last trading day of april, the nikkei 225 dragged down by guidance misses. rishaad: stuck in neutral, another month passes and japan remains far from its inflation target, prices refusing to budget in march. haidi: china's oil giants benefit from cruise gradual recovery. opec says producers are unified in rebalancing the market. rishaad: the region's banks are starting to report earnings, so far reflecting a general upturn in the economy. right, let's have a look at what has been going on today, dominated by currency markets to some extent with mario draghi beast."d as an "elusive doing nothing to cement a vision that tapering will start when it comes to the monetary policy situation in europe. suggestingindicates more power to move currency markets. we are looking ahead as well to data out of the united states, a first read of first-quarter gdp later today, as slew of japanese news as well. haidi: extraordinary monetary policy around the world. take a look at t

helping asia.shorter day than normal because of the easter weekend. this is europe, first, a look ahead to the big earning stories in banking. last week, both jp morgan earning stories in banking. last week, bothjp morgan chase and citigroup reported earnings and on tuesday we will hear from bank of america and goldman sachs. two things that will boost the earnings for bank of america, stronger trading, because of the record highs seen on us markets, and the higher interest rates means that the banks will have made more money from linking. 0ldman sacks will also see a boost to their earnings, because of strong bond trading and investment banking. really, what investors will want to hear from both banks is an update on any changes to banking rules. —— goldman sachs. the election of president trump showed a rally, on the expectation that he would roll back some of the rules known as. frank but recently, bank stocks have been pulling back, after not being able to repeal and replace 0bamacare, there ar

our two treaty allies in northeast asia, japan and korea, we're really about defending northeast asia, so that becomes a naturally forming trilateral relationship. there's no way, i don't think, that japan and korea are going to have an alliance, but we should have a trilateral relationship focused on defending northeast asia. i think there's a naturally forming democracy centric multilateral, kwau dri lateral relationship between japan, united states, australia, and india. i think there's a naturally forming partnership focused on counterterrorism, philippines, indonesia, malaysia, bangladesh, us, and australia and new zealand. so these are some of the ideas that we're trying to advocate for and forward and push these partnerships with a purpose. and i think the legislation that you've described, i think they are excellent. and i'll need to study it more to get into the eaches of it, but i think on the surface based on what you've just said, that they are committed to it. >> well, i appreciate that, thank you. and what do you think some of the resource challenges or opportunities in

this is asia's first show dedicated to rotorcraft.y big firm is here, hawking products. so let's go see what is on offer, and who buys them. well, this is the airbus hi60 helocopter. is one of the biggest i have ever seen. is one of the biggest i have ever seen. and this is a representative from airbus. let's go inside and have a look. how much does this cost? the cost of a helicopter, in the basic version, it should be around, in 2017, all included, about 10.4 million euros. that is a lot of money, so who buys these things? vips, of course. we also have oil and gas operators. for crude changes on oil rigs. —— crew. doctors love the interior, and it can be used as a long—range ambulance. finally, it is public services, which might include sea rch—and—rescue missions, and others who need this size of a helicopter. thank you, benoit. let's find out who some of these buyers are. this man hasjust placed an order for three helicopters at the show, amounting to $60 million. he is with a philippine—based aircraft maintenance and charterfirm.

is really in asia and countries as you mentioned. particularly northeast asia.ulled daybreak up again. one of the top stories. view.dimon+''s he points out, something is wrong very clearly. it is holding us back. this was pointed out in the gadfly article you can pull up. what he is citing is labor force participation rate and infrastructure spending. he disagrees with the idea that slower growth and activity are a permanent feature of the u.s. economy. agree or disagree? moment,nk at the potential growth in the u.s. is going to stay week. -- weak. a lot of the policies trump is proposing to me are more short-term fixes in terms of getting growth stronger. it is not really helping the supply-side of the economy. you need education investment. investmentucation -- in research and development. i think the risk is, maybe demand runs ahead of supply and you could potentially see inflation picking up. the other thing, the survey data is stronger than the real activity data. tracking estimates for q1 are below 2%. u.s., weso, in the can't help but wonder the risks com