toshiba's with western digital moved to a new level. legal action threatens the workers stands in the japanese venture. betty: more companies say they were hit by the firms thirdack as on the expectation of more. we will be in beijing and china. in tokyo to see why japan's biggest banks are forecasting a fourth straight dip in profits. washingtonwill be in as the of work continues over president trump's dealings with russia and james comey. this is "daybreak asia." i am betty liu. betty liu in new york, where it is just after 7:00 p.m. yvonne: it happens to everyone. it is just after 7:00 a.m. in hong kong. i am shery ahn on tuesday. i have got to say, it is a live -- it is a live day. nothing, to be honest, as as whatg happened in the u.s.. the s&p 500 is close enough 2400. betty: maybe because there was also a lack of economic news or any really comments in the fed that investors went back to focusing on some old standbys, which, for instance, oil prices. oil prices routed. and energy shares zooming higher. we also saw it on the nasda

says japan's turnaround fund is considering joining western digital in a bid unit.shiba's chip western digital and toshiba are partners in the flash memory business, but they are in a dispute over sales. western digital is reportedly planning and $18 billion bid for control, which would be lower than other offers. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. haidi: thank you. with japan showing few signs of draft, wages are generally starting to creep up. household spending is the missing factor, falling last month by more than expected. let's go to our north asia economy editor joining us from tokyo. we talk a lot about this, whether it's a sense of bad deflationary mindset being hard to shake and households not willing to loosen purse strings. reporter: right. household spending numbers are worse than expected today. they have been bad for quite a number of months. that the to note is retail sales have showed an increase, bigger than expected increase in shopping. not all of that will be chinese. is a disconnect between wh

toshiba warned that it may even block western digital employees from accessing the production plant. toshiba needs additional funding of $9 billions this year for capital spending and loan repayment and the main banks extended 70% of that in new credit and is considering whether to offer more. toshiba will become cash strapped unless the memory unit can be sold. toshiba has gone forward with the bid process for the memory unit setting a friday deadline for the second round of bidding among six chipmakers and investors including western digital. that's all from the nikkei. back to you. >> thank you very much. before we wrap up this show, here's another quick look at how u.s. futures are shaping up. a few hours away from the opening of the u.s. markets. looking at a bit of a negative print. s&p 500 seen off by less than 1 point. the dow jones seen off by 2 points. no major moves expected at the open. the nasdaq seen flat. this is after we notched another record close for the s&p 500 and the nasdaq in yesterday's trading session, given the oil and the tech rally, the dow snapped a four-

looking at some of the movers today, western digital and toshiba, this is toshiba u.s. shares which rosen japanese trading. trading.n japanese some of the japanese new services reporting late yesterday that western digital and toshiba's ceo's would meet to resolve the differences over unit and other sources saying western digital offered to buy the unit for almost $18 billion. western digital shares rising on hopes their conflict is coming to a close. watching the u.s. solar companies, irony that, even though, going into the election and postelection, the trump administration would not be friendly to this industry. however, the government opening an investigation into whether american solar paneling manufacturers are being hurt by cheap imports which raises potential some kind of protectionism for the industry. ja solar not rising but first solar and sunflower on the rise. the issue of volatility. vix this year has traded an average 11.85, that would mean his lowest average price in one year ever. to be short we are not halfway through the year, none the less, when we t

western digital claims that the japanese firm has breached a contract between the two by transferring unit it's selling. toshiba says it will use all available remedies if western digital continues to pursue the complaint a woman who alleges she was sexually harassed at fox news has asked uk media regulators to block 21st century fox's planned purchase of sky. 0fcom is examining the bid for the uk broadcaster, which is worth around $15 billion. dr wendy walsh's legal team says the deal would allow fox to bring a "culture of sexual and racial harassment" to the uk. the company says it has addressed the allegations and made fundamental changes. the international monetary fund has raised its growth forecast for the asia pacific region to 5.5 percent from its previous 0ctober forecast of 5.4%. but the imf also warned that the near—term outlook for the region is "clouded with significant uncertainty". in a report, the fund said medium—term growth faced difficulties from a slowdown in productivity growth in both advanced economies and china. we are going to talk attack. —— talk tech. alipay

we are talking western digital toshiba overght to the sale of its chip business. next, china dolls back as authorities crackdown on swelling financial leverage. we will ask deutsche bank where it sees the economy heading. this is bloomberg. ♪ angie: welcome back. this is "bloomberg markets: asia." i am angie lau. data coming of through. sean taylor is the cio asia-pacific at deutsche asset management. thank you for coming on the program. on theitial thoughts data out of china? noticeable softening in backwards and forwards looking indicators. does this change your portfolio mix or not? >> no, i don't think so. teeth ofe realize the gdp was last quarter. we are going to expect softer data over the next couple of months. it has already been factored in in terms of oils and commodities. david: i want to bring up a chart here. angie: go ahead, david. david: i was going to ask to follow up on this point. i want to bring up a chart. a lot of the people we talked to hear have gone from neutral or underweight emerging markets due to this chart. data comeing ppi through, a

western digital invoked an arbitration clause in the agreement which could postpone a sale. westernplans to buy digital workers from the chip facilities in japan. venture agreement stipulates that a partner does not lead to seek permission from the other to transfer the odd -- other for a third-party. western digital did not seek our consent on the sandisk acquisition. we will make an effort to see potential bidders, but the sale is not in violation of agreements. paul: he touched she is rising despite admitting it was among the japanese victims of the global cyber attack. says email deliveries have been hit and some files can't be opened, although no ransom has been demanded, and it has seen no major impact on operations. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. that. thank you for china has added to its hold of u.s. treasuries by the most in two years, reversing a selloff, as beijing defended its currency to prevent capital flights. evening dollars on the story. -- stephen e

it looks like it is considering bidding for the chips in it with western digital -- chips unit with westerna quick check of other business flash headlines we are watching. it has reported a 38% fall in fourth-quarter profit on rising wage costs. net income declined to $420 million. that is the fourth quarter in a row of falling profit. costs rose 18% while growing competition from energy sources such as solar and wind prevented the company from raising prices. competition and $7 billion in debt are catching up with reliance communications. the stock fell to a record low amid failing to meet obligations. the wireless operator is in at a mergerles would allow it to pare debt by $4 billion. surging to a record in hong kong. shares closing 23% higher and have more than tripled this year. j.p. morgan says evergr ande's business is not sustainable. the index at the highest level since july 2015. a huge run-up. i know we have been looking deeper into that story. haidi: it does not really make sense. a couple of the points you made. it is the world's most indebted developer. there are notes saying

western digital is ready to make concessions in order to retain its share of the operation.nghouse creditors have dropped their opposition to a final bankruptcy loan, clearing the way for to receive $450 million to keep operating. sony's consumer electronics division now enjoys a dominant role when it comes to the gaming sector. the ceo told sony investor relations day that movies remain a hugely important part of the overall business. >> the picture segment remains an important business persona and we are increasing the urgency with which we implement measures to improve the pictures business. senior equities analyst at jefferies was at the event in tokyo and joins us now. take us through what the takeaways were. >> thank you. threeit of context, we years back, we used to be very skeptical three years back in february 2014. we upgraded sony when they exited pc and the other consumer electronics business started to shrink. they were focusing on streaming, games, movies, and music. they have done a great job to turn around, taking painful decisions to reach where they are. th

their partner in the chips unit -- western digital is filing for arbitration to slow down the sale. > terms of who it will be sold to. is ae end of the day, it perfectly valid request if you are a partner. >> the pointer she but would make is that western digital was not its original partner. they became a partner in that joint venture because they bought sandisk, and toshiba did not have any consent rights over the sale, so toshiba is saying you can't argue for rights we never got in the first place and there were no consent rights in the contract either way. ♪ three mega banks are rising today despite forecasting a fourth straight fall and combined annual profit. it comes as the impact of negative interest rates is. >> all three banks achieve their full year guidance, down a fraction from a year earlier. the profit forecast for this year are also down 4.8% combined. the breakdown of that, too banks lower profit,g while mitsubishi ufj is forecasting an increase in profit next year from this year. the banks are being conservative as they typically do, and that is why they our forecast

western digital is reportedly planning and $18 billion offer for toshiba's memory chip unit, which is much lower than other offers. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am ramy inocencio. this is bloomberg. yvonne. yvonne: thank you. vietnam potpie minister is set to meet president trump this week. an exclusive interview with him on what he is effecting to bring back from washington, coming up. betty: up next, making a case for the economy and rate hikes. we will sit down for an exclusive interview with the st. louis fed president. his thoughts on the plans to reduce the balance sheet and how many rate hikes do we really need here in the u.s.? this is bloomberg. ♪ betty: this is daybreak asia. i am betty liu in new york. yvonne: i am yvonne man in hong kong. bmw is said to halt car production in china and south africa for at least one day as it grapples with a shortage of steering parts. production at the plant has been suspended since friday. the facility in unit has been affected. thes being reported that probl

in other business news, western digital is seeking international arbitration to stop toshiba from sellinge two companies maintained their largest facilities. the cash bonus could be a boost for tissue. the japanese company has warned of a net loss of around $8 billion us, due to its bankrupt us nuclear business. the manual macron has called for a reconstruction of europe, following talks with the german chancellor in berlin. on his first foreign trip as president, emmanuel macron said that he would agree to draw a roadmap to changes to the european union. the two lea d e rs changes to the european union. the two leaders stressed the need to deepen integration in the eurozone, and said they would be to change treaties is necessary. gruber has been told to return thousands of files downloaded and taken from a self driving car division. —— uber. gruber has been sued over claims that trade secrets were stolen that we use by rival. from right hailing apps to mobile phone sats, and their usage has been on the rise in asia. fewer a re usage has been on the rise in asia. fewer are making trips to

its disputembled as with western digital turns bitter.is partner from a memory venture they share after threats of legal action. digital invoke an arbitration clause which could postpone a sale. plans to bar western digital workers from its chip facilities in central japan. as that adding sharpe's name to the pursuit raise concerns about the technology going abroad. sharp is said to be seeking -- raise concerns about the technology-- a partial stake ine profitable unit. european union governors have their brexit negotiation positions as they prepare for first talks with the u.k.. trapped of documents show a tougher stance and specific demands on citizens rights and the role of european courts. german chancellor angela merkel and french president emmanuel relation,t a deeper but also reform. has named Édouard philippe as french prime minister, charged with joining the economic and social changes france needs. the rest of the government will be announced later tuesday, expected to be a mix of ,moderates, centrist and left wing individuals.

a story we are watching, the massive legal spat between toshiba and western digital over the sale of memory chip business is getting even more compensated. toshiba sent a letter to western digital saying it is moving assets from the joint venture back to the parent company after previously transferring them to a subsidiary in preparation for the sale. it became clear the operations may fall into the hands of competitors. coming up, after the firing. we are taking a look at alphabet's waymo and where it stands in the crowded driverless car race. a reminder about our new interactive tv function. on thet at tv bloomberg. you can watch us live. you can send our producers a message. you can ask me a question. you can play along with the charts we show you on air. this is for bloomberg subscribers only. this is bloomberg. ♪ emily: former hedge fund manager phil falcone was barred by the sec in 2012. now he is back and putting his money to work. he sits down with bloomberg's and loop -- betty liu discusses how private equity stacks up against the hedge fund world. phil: when looking at

how about western digital? how about skyworks solution? any chip that's related to apple and apple is not a part of the fang, throw apple in there as well. throw in something like sales force. you look at these names, they have an incredible p.e.. that's a dangerous stock. it's trading near the 52-week shy. there are tradeable areas i think. >> are you talking ability a valuation? >> i'm not scared of it at all. i think they own a lot of the cloud space, microsoft is another one. we talk about it all the time. they took over, that stock has gone from virtually 30 to today over 70. so there are names out there that i think are investible. they don't get as much attention, because it's all about the fact. >> it doesn't mean they're not very quiet trades. we taked about it over the last couple weeks, we seen a lot of crowded trades come undone over the last six months or so or after that initial spike after the election. i want to say, we we heard names like adobe, red hat, oracle, all four companies report earnings this monthment all nature

having a look at the stocks in the region, toshiba rising in hitting out at western digital with plans to sell memory chip business. third-quarter numbers hit my that report of a $4.4 billion levy. cba's third-quarter profit was ok. this is a power stock in hong kong, up by almost 15% on reports of a mega power merger lifting coal generated stocks. the aussie budget is being handed down soon. we are actually seeing the bond bullish, outperforming the likes of norway. purple is canada, pink is u.s. we are seeing quite a lot of steepening of these curves on concern there could be a fiscal budget spending blowout from the turnbull government, if australia tries to ramp up infrastructure spending. anna: juliette, thank you. juliette saly from hong kong. we had earnings from comments earlier, let's break them down with matt miller, who joins us from frankfurt. great to see you. talk is the numbers. what are the key takeaways. the bottom line is one of them . matt: yeah, not just beating on the bottom line but reading the highest estimate in our survey of analysts. beating on that income and

futures, an, nikkei and huge net loss with western digital and will take them to stop them.arnings out from the big three japanese banks. i'm paul palen in sydney. more from "bloomberg technology," next. emily: bloomberg technology," more than 200,000 computers? at least 150 countries have been infacted by mall ware. users are locked out until they pay $300 of bitcoin and it gained momentum over the weekend and businesses and users are bracing for more. you think digging into the impacts of this on small businesses, what are you finding? cory: small businesses are the perfect target for ransomware. they are businesses that rely on their computer systems and payment systems and rely on the data that they gather and use in their day-to-day lies but they don't have a massive i.t. budgets that will keep them updated in security updates and the i.t. staff to track down these problems. they are the most likely to pay. ibm did an interesting study that was released earlier this year and 70% of the business executives who have been targeted by ransomware were willing to pay and with

but us—based western digital, which jointly runs toshiba's main chip operations in japan, has filed aatinum producer lonmin has reported a first—half operating loss of 140.4 million pounds due to a drop in production and higher costs. this has also led to a 6 per cent fall in the company's liquidity. as a result, the south africa—focused miner is to move its head office from johannesburg to its operations in marikana by the end of the year, and it has also cut its spending plan for the year to a range of 1.4 billion to 1.5 billion rand from 1.8 billion rand. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country, which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years, civil aviation administration of china figures suggest that in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese carma

cisco and western digital, you are not giving up on energy services either. >> we have rules about howst. we are a value oriented portfolio, but also looking for internal catalyst for growth. we have never station across all the major sectors. we have a nice technology waiting. -- weighting. we have taken some profits recently as they have been the best performers your today. we believe there will be a huge technology change going forward. vonnie: is there any fundamental change going forward with this portfolio? >> we are always active investors. we have positioned for the long-term. we like the dynamic that is undergoing right now in the u.s. economy and the stock markets particularly. vonnie: how much should be invested in stocks and bonds? i know you will say it is different for everybody, but should it be more towards bond holding today? >> everybody should be diversified. i am all in on stocks. i know our clients cannot do that. they should have diversification. we have a great fixed income team that is world class. if you look at the yields for bonds versus the earning yields fo

i got 125 shares of western digital, my question is what is your price target for action alerts membersnara? >> we had a little bit bigger gain, letting the rest run, because i genuinely believe it's going to be part of this mix. and that's how you're going to get the next leg. i think selling something is good, no one ever got hurt if they got a profit. let the rest run. >> caller: my daughter kendall wants to ask you about a stock. hi, a texas boo-yah. my mom and i are calling about kohl's. kss. >> i think kohl's is going to run. so kohl's is a buy. >> caller: can you tell me, and they just reported, can you tell me what you think about m maxlinear? >> maxlinear is a winner. i see the numbers are good, it's better than expected it's not nvidia. remember what i said about nvidia, there was nothing wrong with the business, it was the analysts and the charters. same thing with maxlinear. >> caller: i want to know about ntes. >> the only chinese stock i will recommend is albalibaba. >> caller: i have this interest in this company that is in this technology for some time, i picked up some

. >> impressed to watch western digital today, a big announcement. at odds with toshiba.ory. $17.8 billion on top of their sandisk. they are building an empire. you look at the p/e level at 52-week highs is still an inexpensive stock. i own it. >> do you have a final trade? >> i do. halliburton. you heard me talk about it earlier today. our analyst has a $67 price target that's 40% higher than here. i put my money on it. based on the comments from the coo we think they will continue to perform in second half in 2018 earnings will be sharply higher. >> let me get a couple of quick stocks that are hitting 52-week highs or even more further out. int intuit highest level since the ipo, 93. >> they beat on top and bottom line. they guided higher, judge. unusual activity yesterday. huge upside. the stock has exploded. >> what the ceo said about how many people are doing their own tax returns on mobile. this platform keeps growing and growing. all-time high in '84. anybody have a quick comment on that? >> it's semiconductor equipment. >> thanks. "power lunch." >> thanks, scott.

. >>> and western digital is taking actions to prevent toshiba from selling its chip arm.intendo is reportedly offering its legend of zelda game for smartphones. looking to expand its mobile game lineup. >>> bhp drops the billiton in rebranding it. to change its corporate structure. >>> and australia's fairfax media receiving a proposal from tpg consortium. tpg sending sales to six-month high. you 6%. >>> gold producer el dorado looking to buy the remaining shares of integra gold in an eastern region of canada. >>> and deutsche bank making calls in the coach. downgrading jcpenney and michael kors to hold. really, jcpenney down about a percent. >>> in tech news, lyft is teaming up with car developer waymo to develop a program. waymo has some of the most advanced technology out there. and it just started testing cars in phoenix, arizona. lyft offers ride sharing in 300 cities. the exclusive will continue to work with self-driving programs with a major investor in that company. >>> we're learning more about which high profile investors bought into snap which went public in ma

. >>> shares of toshiba jump 8% on western digital is offering $18 billion to buy the memory chip business> intuit reporting better than expected results. the company raising its full-year guidance following a hard-fought tax season. the strong results come amid that companies could be hurt by president trump's proposal to simplify the tax code. >>> shares of container store, its earnings beat by a wide mar jet. they included a restructuring plan which include layoffs at stores. the market cap around 2$200 million. >>> the fda has approved merck's drug to treat cancer in adults and children who carry specific genetic traits. the drug was previously approved to treat head and neck companieses. >>> shares of universal health services are lower on reports that the fbi launched probes into the hospital operator. buzzfeed is looking into whether the hospital kept patients for as long as insurance would cover them rather than medical need. >>> a new york state appeals court has ruled common mobile mu exxonmobil must turn over records about how long it knew about global warning. again, no real mo

. >> who is western digital going to bring in?y might not have the wherewithal to pull it off. >> the local press is saying they could have a special purpose vehicle. wouldn't that be something, martin franklin like. then david, possibly incj. >> that's the -- that's in country consortium. >> people don't realize how the big the toshiba deal is. >> westinghouse is a big deal here. >> they can't make the plants well. >> no. overruns were enormous. >> right. >> obviously, this is incredibly important company in japan itself. then the business itself. it's a huge business and as incredible -- it has incredible importance. >> to speak against my charitable trust for a second, flash they were a sandisk partner to them, not western gij tall. they're trying to block the deal saying it's an unfair deal and david, i would tell you that a lot of people feel what they're trying to do is hold up -- make it clear that unless they make a deal with -- unless toshiba makes a deal with western digital, they'll stall this. toshiba is like day to da

toshiba's with western digital moved to a new level. action threatens the workers stands in the japanese venture. betty: more

western digital taking legal action to stop toshiba from selling its chip unit without western digital'such a sale would violate terms of the manufacturing partnership. western digital seeking international arbitration to resolve the matter. the unit could be worth up to $18 billion. >>> another winning weekend at the box office for disney and marvel. guardians of the galaxy volume two held onto the number one spot. took in $66 million in american ticket sales after $145 million opening weekend last week. here's the loser, king arthur legend of the sword had a disappointing debut finishing third with just $14.7 million against, yes, a $170 million production budget. so somebody's not happy this morning. >> yeah. that's got -- that stars the guy from sons of anarchy. you never watched that? your mic's office. charlie hunter. i like him. he was great. thought he'd be a big movie star. now i don't know. you get blamed, you kind of get tanished sometimes if you're the star in a $175 million, you know, like "pearl harbor" some day just ben affleck. >> yeah. >> all right. developing story at t

toshiba is moving to block western digital employees from the unit the jacoby share.oked an arbitration clause fromcould keep toshiba selling its chip unit. toshiba needs to sell the business because of massive losses in its nuclear power unit. that is your bloomberg business flash. may 3, george will and the washington post wrote a brilliant op-ed about the thinking of our president. we have on bloomberg view this morning, and absolute must-read. i will put this out on twitter five or six times a day. this is spectacular from the science writer. let's get to it -- tom: it is really being talked about with our president. is our chief washington correspondent. kevin, let's go to the day. our we going to see a new fbi director today? kevin: we will see it sometime this week. whether or not president trump decides to name whoever he is going to a point to the fbi remains to be seen, but i can tell you the pressure is now in the senate for there to be some type of quick resolution to what has completely turned upside down his ability to get through a legislative -- legisl

but its american partner in the chip operation, western digital, is going to court to try to stop thests have been going up and production falling and the shares plummeted 12% in johannesburg today. so it is taking drastic action moving its hq from johannesburg to its operations in marikana and cutting its investment plans by about 22%. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years. in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese car—maker toyota is backing a group of engineers who are developing a flying car to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three

toshiba is trying to sidestep digital -- western digital's sale to the flash memory chip business.bsidiary back to the parent company. spacex is taking recycling to the final frontier. space itself. dragon cargore a ship that has made the journey. this capsule flew to the iss in toy 14. spacex has refurbished it for thursday's launch. most of it has been an space including the frame. spacex says it is always reusing parts but always -- not to this extent. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. president trump is deciding whether to dump the accord on climate change. the odds seem to be that he will on wednesday. the president confirmed we will be getting a decision over the next few days. this.us up to speed on a lot of ceos has said do not do this. >> a lot of ceos including elon musk, apple as well as exxon. -- and saying this is not a good idea for businesses as well as the u.s. hitting us up to speed on the political side of things according to two people familiar with the ma

but it's the traditional tech names and semiconducts today traded high, names like micron and western digitalars that semiconductors are the new industrials essentially for the economy, but, look, everything at a price, right? you can say wonderful things about the organic growth potential of alphabet, amson, all of these, you are paying 30% more than five months ago. at a price, they stop -- i don't know what that price is. what's also a factor is that you're starting to see the markets treat companies as if they are huge stable, evergreen type businesses like those that go in the low volatility indexes, so if you look at the s&p splv, there's a 12% tech waiting. a year ago, it was 0. mic microsoft and alphabet is in there. >> how many times it's happened that the least volatile stocks were the most owned, most watched, best performing stocks? i mean, it's -- >> it is a little -- go back to times in the '60 and '50s when it was okay. >> nancy, quickly, one more question for you. art and others have been emphasizing importance of oil in the market, and, again, looking at crude, you know, bare

western digital is down about 1% over a downgrade at jefferies.s up nearly 2% due to an upgraded morgan stanley. it's suggesting this stock and climb higher by at least 30%. the analyst over there thanks the free cash flow potential is strong on a sticky customer base. jonathan: thank you very much. joining us now from chicago is bi b onkyo -- the echo - anco. us stocks like a highly paid free agent in sports? draft thishe nfl past weekend and every stock investor like to think that just think of them as a general manager trying to find an undervalued jim. this market is more like the guy that pay $25 million for an established superstar. usually, you overpay for those guys but in this case, it's working. it's working because of what we saw with earnings last week. 190 s&p companies reported. and it was great. almost 80% of them beat estimates. the overall year-over-year growth rate and earnings jumped to 12.5% from under 10% just a week earlier, even 9% growth of you take out the volatile energy sector. so good with earnings numbers last week tha

or not my companies are selling more tasers or if they're selling more storage in the case of western digitalet cetera. so laser focused on these companies and think that will get through earnings, stock prices follow earnings and i'm focused on my companies and their earnings streams. >> and your companies are about 4% or 5% on sale today. sandy villeri, thank you for join us in response to the sell off in the markets. we have breaking news on halliburton in thhour. what is happening. >> has a new ceo. jeff miller is current president and board member, and he will take over. he has been with halliburton for the last 20 years, since 1997. david la sar will move to kbektikbe executive chairman. he will hold that role until his mandatory retirement kicks in. looks like it is a leadership successor plan. kelly, back over to you. >> thank you. our courtney reagan. meantime, stocks sinking on new fears about the president's administration. ahead, we'll discuss whether he could be on the verge of losing republican support in congress and how that could impact the market. plus, warren buffett may be

. >>> shares of toshiba jumping more than % aft8% on reports tht western digital is offering $18 billionmemory chip business. >>> intuit reporting better than expected results. the company raising its full-year guidance following a hard-fought tax season. the strong results come amid that companies could be hurt by president trump's proposal to simplify the tax code. >> that's hilarious. we have to sell these stocks because people might be able to do their own taxes. >> if you reduce it to a postcard, there's no need for a planner. >>> shares of container store, surged by more than 30%. earnings beat by a wide margin. they included a restructuring plan which include layoffs at stores. the market cap around $200 million. this is a seriously small cap company. >>> the instability of the middle east in focus following president trump's visit to the region. joining us now to talk about opportunities for a path to peace is senator george mitchell. he is the chairman emeritus at dla piper, former senate majority leader and the u.s. special envoy for middle east peace. thanks for being here. >>

digits in rural parts. edit cool but not as cool as this morning. if you showers the northern ireland during the commute. in the afternoon that pushes into westernand. but not as wet as it has been for some of you this afternoon. some showers in eastern scotland. some cloud for the northern part of the uk. it will bea the northern part of the uk. it will be a bit hazy. it will stay dry in england and wales. could get as high as mid—20s in the south—east corner. bit of cloud in the west. a few spots of rain the western scotland and northern ireland. it gets warmer on wednesday and beyond. —— a fuse box of rain for western you are watching bbc news. the headlines: president trump continues his visit to saudi arabia — where he's preparing to address gulf leaders on the need to confront extremism. labour renews its push to attract older voters — while the conservatives defend their plans to overhaul social care funding. party leaders will stop campaigning for an hour today to remember the mpjo cox, who was murdered in her constituency last year. north korea has launched another missile test, according to the south korean military. it follows this te

digital platforms 24/7. >>> up first tonight for sitting u.s. president. president trump visited one of the jerusalem's holeiest sites the western wall israel is the second stop for the president's first official trip overseas. nbc jay gray joins us in jerusalem with more. >> reporter: good evening. the old city quiet in the overnight hours after a busy day on the ground for president trump. reaffirming the strong relationship between the united states and israel. laying the groundwork for what he calls the ultimate deal and taking a swipe at reports he shared classified information with russian officials. for the first time on the foreign tour president trump goes off script. pressed on allegations he shared classified intelligence information with russian diplomats mr. trump said this. just so you understand. i never mentioned theward or the name israel. never mentioned it. during that conversation. they're all saying i did. you had to know the story. >> though media reports didn't say mr. trump named the israels. the allies affirmed the war on terror. >> the united states and israel can declare with one voice that iran must n

western democracies. i thought director clapper made an interesting point. this is the digitalrts that the russians have been undertaking for 50 years. >> the underlying weakness of hillary clinton was hillary clinton and her campaign. and that's why the election was so close and vulnerable to late breaking events like the comey letter and the one thing she can't admit and she should. >> bill: thank you rich and mo. nice to see you out of the swamp. come out more often. thank you, gentlemen. >> shannon: always welcome here. democratic activists launching dramatic protests against the gop healthcare bill. are they going too far? mock funerals and more? we'll talk about that. >> bill: why today is a really big day for the piano man. play it, billy joel. ♪ ♪ there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you. you might want to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare in

western ideas. there are people who download dead, they have internet. they have more access than they used to have. it's in a notable consequence of society and a digitalthe economics of iran has forced through and people wanting a better life and realizing an existing regime couldn't serve that. it'll be interesting to see come out looking forward, what policies they put in and how powerful he really is in terms of changing the economic structure of the society. >> absolutely. another topic is as we did a good job of getting the polls on, this is . the emergence of people using facebook live, people using facebook newsfeed as a way to disseminate ideas, some are more harmful than others. tell us about the reporting that went into how facebook is fighting the hate speech and terrorism recruitment that happens on the world's most popular social media platform. >> this is one of the most important issues of our time is can policeplatforms this kind of hate speech, where they had become such a disseminating mechanism of desk far more than its founders anticipated when they started it as a way to connect with friends. it's become an unbelievably powerful w

western special forces. also this hour... the first airport in the uk to get remote air traffic control. london city airport will remove its air traffic control tower, and monitor planes through digitaleras from 80 miles away — in hampshire. and a bbc reporter and his twin have managed to fool hsbc‘s voice recognition security system, designed to prevent fraud. good morning, it's friday, 19th may. i'm annita mcveigh. welcome to bbc newsroom live. breaking news this morning... swedish prosecutors are ending their seven—year—long investigation into the wikileaks founder, julian assange, who has been accused of rape. mr assange, who's a5, has been living at the ecuadorian embassy in london since 2012, claiming asylum to avoid extradition to sweden. scotla nd scotland yard says it is obliged to arrest him for breaching bail conditions if he leaves the embassy. julian assange has just tweeted this picture. this is in reaction to that means from sweden. that is the first reaction from julian assange, though no statement from him as yet. let's cfoss no statement from him as yet. let's cross to the ecuadorian embassy in london. our correspondent, richard lister, is there. richard, so, any ex

how do these numbers sound, perfect 10-0 record, eight of the ten wins by double digits, game two westerns in oakland last night. golden state came out firing, the spurs sleeping without leonard. last night marked the fifth wire to wire victory for golden state. kevin durant scored 16. 136-100 final score last night. steph curry didn't even play final quarter. tonight eastern conference finals will be getting underway in boston, boston and not cleveland. celtics had a better record than cavaliers like the warriors have not lost in playoffs. all you need is a good trade and a dream which is what the bos enceltics did since they brought paul paul piercon. second will be the lakers followed by the philadelphia 76ers. chicago joe says i meet you any time in the as long as i can celebrate 1,000th victory. dagen: he is all new york all of the time. jared: he had to be a big shot. dagen: really? how many hours did you spend working? >> i have been on vacation for a week, dagen. dagen: great. prepare to see a lot of jordan on the breakfast table. he'll be on 4 million wii bosses, does it still ma