yvonne: yvonne man in hong kong.hour until the latest china pmi data crosses the terminal. who better to give us a steer on the way things are going then the top pmi forecaster. he is a senior emerging markets economist at commerzbank and joins us live from singapore. how great to have you. we continue to see the trend, pti prices cooling down, iron ore in a bear market. china's deleveraging seems to be taking a bite into the economy at the moment. is the china reflation story over? >> i think it looks like the alreadyas ticked in q1 in china's growth profile. if you look at the pmi, i think this morning we are going to see a moderation as well. i think we have to look at at least three factors at this moment. one is the indicators in april have already showed relatively , and as weentum mentioned, the commodity prices have jumped so much from fixed china'swhich means investment is likely to slow further in the next few quarters. some other indicators like exports from south korea and export orders from taiwan also s

yvonne: i am yvonne man in hong kong.ved generating profit margins to rival apple, in an industry where double-digit earnings are remarkable. 29 .5% of sales in the first quarter compares to apple's 31.6% profit margin. i's peers do not even come close. betty: rolls-royce has a new short-haul jetliner from boeing. rolls has been looking to get back into jets since it quit the market six years ago. they are working on middle of the market planes. the jet is likely to be named the 797. is expecting less competition from international rivals. they see overseas carriers increasing capacity by 5% in the fiscal second half, compared to 11% in the first half. it will not be enough to lift full-year earnings. qantas expects underlying profit before tax of $1 billion. that is down from a record $1.1 billion last year. chinese aircraft mayor has thrown down the gauntlet to boeing and airbus. today is another step forward. the maiden voyage of their first 919 to competee, c with the boeing's 737. let's take a look from sydney. how b

yvonne: i am yvonne man.fter that brutal selloff on thursday we are seeing a little, returning to the markets. president trump trying to whether this political storm, denying he tried to quash the fbi investigation. there is still cautiousness over where the probe will go. ramy: we did see optimism in u.s. markets. the s&p 500 up 4/10 of 1%. economic datas. outweighing the political storm, political storms, i should say. yvonne: absolutely, jobless gains in manufacturing data, with the dollar rebounding among its peers. let's check out the asian pacific this friday. new zealand, up 1/10 of 1%. modest gains. the kiwi flat at .6896. futures looking pretty soft. not much direction where we can go this friday. the aussie at .7415. gains after as solid aussie jobs number on thursday. a three-week high, opec has reached some consensus that they could be extending supply cuts. , aan crude after that drop brutal selloff yesterday on the nikkei futures. a 50ng like we could see point gain at the open in tokyo. that is

yvonne: i am yvonne man in hong kong. look at business headlines. to settling anear fed inquiry into how billions of dollars was moved from the bank out of russia. a deal may be announced soon. million follow the $630 deutsche has are repaid to the u.k. and new york state to resolve money laundering accusations. it centers around how clients moved $10 billion out of russia from 2011 to 2015. betty: a company seeing growth in personal computers and printers for the first time in more than half a decade. revenue rose almost 7% through april 2 120 $2.4 billion, topping estimates for the fourth consecutive quarter. stocks rose, with the company forecasting more figures to come. stake in4 million video, the biggest for the graphic chipmaker. softbank has an unspecified holding. biggestn to be the investor over the next decade, betting on trends, such as artificial intelligence. toward aes pointing rate hike. $4.5 billion balance sheet. what are his misses and consumers -- when our businesses and consumers going to feel the imp

yvonne: i am yvonne man in hong kong.lation numbers of falling short of expectations, wee cpi -- the fastest rate have seen in japan in two years. we have the principle of global investors in japan. it is up to wait status. we areu look at 0.3%, coming in at very low expectations. what do you make of this kind of inflation story out of japan? are we too inflation-obsessed? >> yes. thank you for having me. the story in japan i think is that inflation is under several forces that are pushing it down. aging demographics, declining population, implementation of technology, which is in itself deflationary. add to that the fact japan has an expansionary monetary policy but a restrictive fiscal policy. it is unable to move away from restrictive system -- fiscal policies. as long as they keep the fiscal policy tight, you will see slow growth and very slow inflation. they are basically acting in a pointless way to talk about 2% inflation. it will not happen because of the economic structure. yvonne: far away right now. it is inter

yvonne: and i am yvonne man in hong kong. long-term bonds can make sense for the u.s. economy. he told bloomberg a group is looking at structuring and pricing issuance eons of the 30 year limit. longer-term yield treasuries jumped, reaching its widest since february. --we are studying cultural ultra long bonds. it could absolutely makes sense for us at the treasury. what was thought of as batting around ideas, with these comments, steve mnuchin has the markets thinking seriously about this. we did see the treasury yield curves steepen. let's bring up the chart here that shows that. you can see it is the widest since february. the yield curves, there is this idea either the economy will do better or inflation will be back in the markets are economy. justice prospect of, we might see 100 years of data bond? that is enough to get the yield going on the long and -- end. we will see how long that lasts. as we have noted, there is been a lot of talks coming from the white house. er it passes congress or is put into action remains t

yvonne: i am yvonne man in hong kong.mp has described a former fbi director james andy as "a grandstander," would have fired him, no matter what the recommendation. it has been in turmoil for months, and that comey was not the right person to help them recover. president trump had lauded comey for his handling of president -- hillary clinton's emails. ofositive atmosphere ahead the handover from britain. president xi is expected to visit to mark the occasion. state-backed institutions have set aside funds ahead of july 1. china is not known to have taken an active role in the hong kong market before. robert lighthizer has been confirmed as u.s. trade representative, clearing the way for the trump administration to reset relations, starting with nafta. his confirmation was delayed about questions about work you did decades ago on behalf of foreign governments, for which he needed a legal waiver. said china is one of america's leading trade problems. nissan has forecasted a surprise drop in profits on the expectation of a s

yvonne: it is just after 7:00 a.m. here in hong kong, i am yvonne man. hour seems wery are getting another headline. in the last 60 minutes we learned at the doj is bowing to political pressure and appointing a special prosecutor for the russian investigation. betty: someone very well-respected, robert mueller, the former fbi director. this might perhaps bring a sense of calm or push the positive button in terms of all this , did donald trump try to influence the fbi, politicize it? this may go some way toward calming those fears. we saw that in the market, the dow down 370 points. some may ask, what took so long? we have seen the growing chaos. what took a lot -- what took the market so long? yvonne: some say we are long overdue the vix jumping the most since brexit. a lot happening in the calendar. japan it gdp and property prices out later this morning. let's look at how things are playing in the asia session. new zealand's continuing to extend, down 6/10 of 1%. the dollar continuing to see the dissent. 42. kiwi at .69 australia, we were looking to ex

yvonne: i am yvonne man in hong kong. why is he so worried about inflation? his counterparts have overlooked the last two months in recent weakness as a fake. he said missing the 2% inflation target does raise questions. what does that mean for this? it could impact the role of the balance sheet. that could be key. betty: we have a guest coming up that says the fed has been excellent in terms of broadcasting how they will reduce that balance sheet. yvonne, let us come quickly into my terminal and look at my favorite function when we talk about this. w.a.r. p -- wirp. chance that we will see a rate hike. how many is the question now. by the end of this year, we will have 49%. we will have one rate hike. have two. we will the big uncertainty is three. 9% as indicated by fed funds futures. three more, i should say. in total, it seems the fed consensus is we will have two more this year, but it does not seem to be a sure thing. is closee said the fed to where it needs to be on the policy rate. we will see what that means beyo

yvonne: i am yvonne man in hong kong. korea seems set for a change of direction after months of political and corporate upheaval. however, the leading presidential candidates for on critical issues such as north korea and seoul's alliance with washington. let us discuss all of that, the senior asia adviser. welcome. we have seen this discussion shift in korea from governance to reform to national security. went 42 million koreans had to the polls today, what exactly are they going to be voting for? >> they will be voting for a change. this is an historic election in south korea because it is the first election after an impeachment so they had a very short election cycle, 60 days. election afterst 10 years of the conservative leadership, so they are looking for change. yvonne: is a change in the economy, changing reforms? >> it is about changing governance. people want a jobs, rising wages , better access to housing. they want a national assembly that brings about reform. that is the large conglomerates which have often do

yvonne: i am yvonne man in hong kong.na's biggest developer ever grande has picked up more than $10 billion from selling hengda. will bepleted, hengda held by their real estate unit. betty: they claimed they undercut prices on washing machines. they filed a petition in the u.s. against samsung and lg, saying importers offer products at excessively low prices. the ceo described samsung lg as serial violators of u.s. trade laws. yvonne: air new zealand is rushing -- jumping. shares are up 4% in the index. that is based on the current market environment in the price of jet fuel. 525 millionnings of kiwi dollars. of $16 millione in the selling of a stake. first india, now china. german chancellor angela merkel met the senior leader, li keqiang, one day after meeting india's narendra modi. shifting global ties, catalyzed by donald trump in the white house. i see this as an unraveling of the u.s.'s pivot to asia under the barack obama administration. and the develop of europe's i sg of the own potential pivot to asia, at least

yvonne: i am yvonne man in hong kong.mp administration has begun the search for a new fbi director. there are questions about the president's abrupt decision to fire director james comey. we have more from washington. rbnz president donald trump fighting back against criticism. his spokesperson telling reporters at a briefing it is form of hypocrisy for eight democrats to be outraged when they called for his ousting during the presidential campaign. however, he is facing criticism not just from democrats, but members of his own party. members of the senate intelligence committee have invited director comey to testify privately next week in the senate. elsewhere, mixed reaction on capitol hill. >> absolutely laughable. it fails to pass any smell test. >> both parties at different times have asked for the dismissal of mr. comey. it is not watergate. >> nobody has been happy with his performance. the clinton investigation was much politicized. it is time to take a new direction at the fbi. i think the president made a wise d

yvonne: i am yvonne man in hong kong.'re watching daybreak asia. we have the first word news with courtney collins. >> chancellor angela merkel has attacked rising protectionism ahead of germany's posting of the g20 in july. she said there may be short-term benefits, but long-term harm. she did not mean any single person our country but pointed to the difficulty of making progress at the g20. the whitetrump won house campaigning on the slogan of america first. >> those were trying to withdraw from international competition can maybe hope for short-term advantages. but in the middle and long-term, their ability to innovate is weakened because new ideas and developments go best in an environment of freedom and openness. yvonne: u.s. commerce secretary wilbur ross told bloomberg some parts of the tpp could be used to revamp nafta. president trump pulled america out of them tpp just days after taking office, and is been critical of nafta, threatening to withdraw if the u.s. cannot have new terms. >> their parts of nafta that

yvonne: i am yvonne man in hong kong.ld's second-largest shipbuilder well trade as four separate entities after splitting off several businesses. andr move helped cut debt half and reduce equities to 95% from a 106%. the breakup will allow them to streamline operations and make it easier to grow a divisions unit and attract investors. betty: noble expects a first-quarter loss of $130 million because of coal. the singapore-listed group was once the largest trader in asia. they had falling sales. research,lled iceberg their members are anonymous. yvonne: apple's tenure rally set worth 800he iphone, billion dollars. shares continue to rise as a report slowing sales for the device to read it declined to 33% this year, adding $185 billion in market cap. a wall streeted implying a market value of more than $1 trillion. stocks in south korea having a remarkable run. stocks trading in 15 minutes time, after having a day off for the presidential election. the cost be rose to an all-time rose tomonday -- kospi an all-time high on m

yvonne: i am yvonne man in hong kong. now to first word news with stephen engle.the south korean president has nominated a finance minister and deputy prime minister. he is the former chief of government policy coordination, faces but host of challenges including household debt, high youth unemployment and weak domestic demand. at talks inatement hanoi suggesting pressure behind the scenes to avoid criticism of protectionism. regulation and red tape and contrasts with their september meeting in peru when they had the determination to resist protectionist measures. they will pursue a regional trade deal you without the united states. >> there is a lot of unity amongst all of the countries in designing what the country is, and agreements from the economies and the people of the countries, asking other countries to join. stephen: saudi arabia says oil producers are in agreement extending output curbs another nine months to drain the global glut. the have minister said maintaining restrictions through the first quarter of next year will bring the stockpile to a five-y

yvonne: i'm yvonne man in hong kong.ank of japan governor has been speaking on monetary policy in tokyo. alongside him, former fed chairman ben bernanke. we are told he is just beginning to speak at the boj conference. let's discuss that and what we have heard so far with the senior fellow and chief economist at sony financial holdings, also former senior advisor to the boj. also want to welcome kathleen hays back and our conversation. i want to start with you, because the last time these two heavyweights met, there was talk about helicopter money. japan a year later, much firmer footing on where the economy is going, but inflation still a wildcard. what do you think ben bernanke can bring to the table this time around? >> i think bernanke's idea of helicopter money controlled by the central bank is quite interesting, but at the moment, we expect the boj to continue the current policy framework of control and change, so the money is not so important, the boj focuses on the shape of the yield curve, so they shift their ta

yvonne: i am yvonne man in hong kong.re watching "bloomberg daybreak: asia." first word news with nina melendez. in the northern english city of manchester confirm a number of people have been killed in what is been called blast at a music concert. bangs insideo loud the arena. manchester's victoria station, which that's into the arena, has concertcuated, and all canceled. opec's hopes of joining the global oil glut has been undermined by the second largest member. iran parked more -- the restrictions are expected to be extended through next march when opec meets later this week. however, iraq's noncompliance may persuade others to break the agreement as well. india says there should be no so-called asia premium on crude sales to that part of the world. the oil minister held talks with the general said the cartel has subsidized western buyers at the cost of asian clients for too long. 86% of its oil, 70% of its natural gas, and 95% of its lpg from opec. finalizedan union has a top brexit position, reiterating a hard line

yvonne: i am yvonne man in hong kong. banksc, the left of the report.bers from paul allen joining us live from sydney. the numbers looking reasonably solid. yes, it is in line with expectations. up 3%.sold $0.2 billion, net income $3.91 billion. it is a 6% for the first half. 2.0 7%.interest margin, in that respect, facing the same issues we saw with a.m. said -- amz. --o getting squeezed, script credit growth is falling. creditct household growth to ease and house prices slow. in new zealand we have seen shares going -- showing reasonable gains. and the australian bank reacts. the market starts at the top of the hour. there is an insurance dividend of $.94. yvonne: thank you so much, paul allen in sydney. plenty more still to come with asia's first major market open moments away. we are watching quite a bit, korean come up and the elections. what we should be watching now. we do have japanese markets coming online for the first time since the last tuesday. there is a lot of catching up to do. we are watching automakers like mitsubishi, releasing earnin

yvonne: i am yvonne man in hong kong.bs report, a piece of data the fed watches to determine policy. , and forecasts, 185,000 the unemployment rate to hold at 4.4%. it is not just u.s. employment, japan also seeing the lowest jobless totals since 1994. let's look ahead. great to have you. we see the fed going to look at the we have seen for june, but we are seeing data in the second order, china and the u.s. going soft, money refusing to roll over. is it getting difficult to overlook the weakness in the data? thatrd: you are right, data has been solved. we have been telling people this is as good as it gets, looking for some slowdown after that to help in growth. we saw in the last six to nine , i don't think it was dangerous or worrying. it is getting harder to find people that can use it. mentioned hard data. we have the expectation for soft data the husband -- that has been too soft as of late. we are showing breakevens across the board with u.s., japan, and germany going down since march. the same for real deal as wel

i am yvonne man and hong kong. calling it hasn't are off a plane of -- saying it was a mistake of epic proportions. the transportation committee hearing comes after david dow was dragged off of a united flight. staff rejected a turnaround plan. alitalia says it has exhausted all options after workers voted against a $2 billion refinancing land. -- refinancing plan. >> as many as 20 boeing seven 87 dreamliner's will be purchased. the order is worth around $5.4 billion to clarify westjet's strategies in asia and the western hemisphere. let's have a quick look at what is coming up on bloomberg markets. i know you're taking a look at apple as well. >> they were a miss. also forecast as a bit of a mess as well. laying it all on the doorstep of the iphone eight due out in autumn. no one is buying smartphones because they wait. they have to kick this thing out of the park. it has to be something really special. also looking at what is going on in chinese markets as we see retail investors becoming more cautious and going

that is it for daybreak australia, but yvonne and betty are back for daybreak asia.elopments out of north korea. yvonne: the south korean president meeting with his national security team at this hour to discuss this after north korea fired its ninth missile this year alone. this has fallen into the japan economic waters according to japanese signals. we have seen the frequency ramp-up as kim jong-un tries to accelerate his program. the programs are quite limited, but how will they engage with kim's regime? he has pushed her status quo, but how will you balance that with donald trump? betty: and how the president is likely to react, even an analysis of his nine-day trip going, we will be speaking with the bloomberg institutional feller -- fellow. he will be weighing in not just on the president's reaction to the latest missile test but also how he did overseas. as you know, the fact that was not anything blowing up on show thather than the was heard around the world -- shove that was heard around the world, he himself did not go on twitter. advisors say that is what

yvonne and betty are up next with daybreak asia for the trading week.pan's trade , and expecting an easing. yvonne: we are looking to see if we reached the tripping -- tipping point. each economists think japan will april,to ¥521 billion in ¥121 billion shy of march. we have seen signs of fading ,emand out of china, the u.s. as you look at the pmi index is. that is showing signs of weakness, the yen strength also a culprit. we see the political risk out of the u.s., could see a big headwind for the exporters in japan. betty: it could be, but no doubt the gdp numbers positive for japan, five straight quarters of growth. we will talk about president trump's trip to the middle east and particularly saudi arabia, robert jordan joining us, the former ambassador. he said president trump is finally getting more on script as we heard over the weekend, a lot of deals between u.s. companies in saudi arabia and saudi arabia companies. jamie dimon giving a vote of confidence to the administration. haidi: but as she said, never far from the headlines. wherel take a

scotland yard said that key material in the case of pc yvonne fletcher could be using court on groundshe nationalist party plaid cymru has launched its manifesto, promising to give the country a "strong voice" during brexit. the document pledges to "protect" wales from what it calls a "tidal wave" of attacks from the tories. policies include scrapping business rates and a publicly owned bank. 0ur wales correspondent sian lloyd reports. this has been a labour stronghold at westminster for more than 100 years. it is represented in the welsh assembly by plaid cymru and the party has the parliamentary seat within its sights. no confidence then that its leader leanne wood chose to launch party's general election manifesto here. voters paste will have to change if plaid cymru is to make a breakthrough. 0ne of the party's key pledges is to defend wales post brexit. how are you going to appeal to voters in places like this, places that voted to leave the eu, when you are seeing as somebody who wanted to remain in the new? we've accepted the results, we've carried on accepting it since the day

yvonne:ump tries to deny the russian inquiry, calling the whole thing a witchhunt. wall street breathes a sigh of relief. secretary mnuchin says there are no plans to break up a retail or investment operations. yvonne:

yvonne: korea may see its biggest ipo in years. they raised more than $2 billion.

yvonne, the votes are in. south korea has decided.etting a very crucial data point that really kind of, i guess, puts into perspective what the new president will be , challenge or white. we are talking about the unemployment numbers, expected to edge down slightly. -- challenger-wise. talking about the unemployment numbers. it has reached a record number, youth unemployment. that will be a key challenge for moon jae-in. icked here. the weew he has to start working as soon as possible. where jobs lie is going to be a big key. anchor: we are going to switch from korea to talking about china and economic numbers coming out in just a few hours' time from now. that is inflation numbers. we will be speaking about that with the standard chartered head economicr china research, looking ahead to what these inflation numbers mean for the economy and what it means for consumer spending. so important to try to stoke those numbers or stoke that consumption in that country, haidi. haidi: that's right. is that inflation story in china still intact?

scotland yard said key material in the case of pc yvonne fletcher couldn‘t be used in court, on groundsbc news it‘s time for newsnight. it‘s a bonanza! labour‘s manifesto promises a fairer more prosperous society for the many not just the few, with tax, borrow and spend, and spend. how‘s it playing with the core vote? and i‘m very proud to present our manifesto for the many — not the few. thank you very much! i believe in the labour party, what they stand for, but ijust don't think he's got enough people behind him, he's not strong enough to lead the party, really. i've waited all my life to hear a manifest like that. it looks after people. is it grim up north for labour, or will the heartlands hold? the shadow cabinet‘s richard burgen joins us from leeds. also tonight: we can't have someone in the oval office who doesn‘t understand the meaning of the word "confidential" or "classified". apparently we can, though. did donald trump compromise a key intelligence source, by giving the russian foreign minister secret intelligence about islamic state? is this one too far even for the donald

yvonne: apple raises its voice to take on google and amazon.

the prime suspect in the killing of wpc yvonne fletcher will not be prosecuted, according to the telegraphe blocked from using key evidence on national security grounds. we will start with the financial times. labour pledges £49 billion tax rise to fund a spending push. a lot of comment about this. are they able to raise all of the money that the need for all of the promises and pledges for all of the promises and pledges for the tax rises? i mean, you read through this manifesto and it is full of promises. we will spend money on this and that. even though they said they are going to raise 48 or £49 billion in new taxes, many of the promises aren't actually costed at all. they haven't said where the extra money is going to come from for nationalisation, for example. they are going to renationalise the railways and they are going to renationalise royal mail and parts of the energy industry. so there is a lot of promise here. there are costings, but you have to ask the question, you know, this is called a programme of hope. they are kind of hoping that they can find the money. it is difficul

yvonne: president trump said it was an honor to meet the pope.

yvonne: resetting the

host: thank you for your comment, yvonne.ill king on twitter writes that some of this going after gangs is just a cover to shut down sanctuary cities unaccompanied minority, certainly, a topic that came up at that homeland security committee hearing and jeff also talking about border security as a way to cut off funding and avenues of access to specifically ms-13 and transnational gangs. they talked about the major impact of the trump administration's crackdown on sanctuary cities and with a it meant for his job as a police cheesm here's that exchange. >> let's talk a little bit about, again, the relationship of trust as it relates to what we ultimately want to do which is not arrest the bad guys but prosecute them and get a conviction and lock them up. what we want to do is went to make sure there's going to be serious and swift accountability and consequence and particular for those who commit violent crimes for our community. the only way that we get to that goal is that we prove a case in court of law. we need to present

the prime suspect in the killing of wpc yvonne fletcher won't be prosecuted, the telegraph says, because police were blocked from using key evidence on national security grounds. now it's time for hardtalk. welcome to hardtalk, i'm stephen sackur. every day venezuela seems to get one step closer to economic and political chaos. mass anti—government protests have swept the country for the past month. close to a0 people have been killed in clashes with president maduro‘s armed forces. the shops are short of food, hospitals low on medicine, something it seems, has got to give. my guest isjulio borges, speaker of the opposition—controlled national assembly, is the chavista socialist revolution dying on its feet? julio borges, in caracas, welcome to hardtalk. thank you, stephen. we have seen more than a0 days of mass protests on the streets and we see the violent clashes between protesters and the armed enforcers of president maduro and we see the casualties, many injured and around a0 people, many of them very young, killed. how long can this go on? well, listen, it is not only 45 days, we h

he died a year and a half ago at the age of 91, but his widow yvonne spoke briefly to the crowd thatame today. >> this really was something that took every ounce of himself to put forward. >> reporter: the development has been under construction for the past nine years. artist lawrence is proud of the sculpture that is now on display for all to see. >> this year it all came together. it is the magic of your creation, as i said, with everybody else and their efforts and risk taking. >> reporter: a community coming together to revitalize the area. this statue, a lasting gift from a forward thinking developer, the city that he absolutely loved. in san francisco, chris nguyen, abc7 news. >> facebook is being fined $122 million by europe's antitrust agency. the issue dates back to 2014 and involves messaging application what's app. facebook told european officials that wouldn't be able to match up existing user profiles with what's app phone numbers, but facebook did exactly that two years later. the european commission says facebook knew in 2014 that such a match up was technically possi

scotland yard said key material in the case of pc yvonne fletcher couldn‘t be used in court on groundsr more than 10% of all members of parliament and contains more than a dozen closely—co ntested marginal constituencies. the city — because of its rapid economic growth and complex social problems in some areas — presents politicians with a unique set of challenges, as our chief correspondent gavin hewitt reports. london — a fast—charging, global city. a place apart from the rest of the uk. even the politics are different, registering some of the strongest support for remaining in the eu. but running through london is a faultline between those living well off the global economy and those left behind. take housing. london average house price is coming in at 475,000, that‘s twice the uk average. lucian cook from the property group savills sees a great divide. if you look at what‘s happened in london, it‘s dislocated itself from the rest of the uk for a prolonged period. that means london faces a series of housing challenges that are more acute than the rest of the uk. it‘s about building

yvonne: we are watching megabanks in japan after a straight fall in combined profits.re companies say they were hit by the ransom where hacks -- by the ransomware. officials deny the president gave classified information to the russians. the democrats now runs an inquiry -- now once an inquiry. this the second hour of "daybreak asia." it is just after 8:00 p.m. here in new york. a lot to keep our eye on in d.c., but that didn't stop the markets. the markets shot higher today as you mentioned on the back of energy prices, oil in particular . that energy rally got the markets going. we had the records again on the s&p and nasdaq. surprising given that about 90% of the s&p 500 companies have already reported earnings. -- out ofse 78% those, 78% beat profit projections. there is some followthrough here in asia markets. the ones that are starting to open in the green. let's get the details from sophie kamaruddin. rishaad: let's take a look -- sophie: let's take a look at the commodities space. that is a huge theme for the session today given that jump we saw and u.s. stocks

yvonne: no secrets were handed over in the white house, a special prosecutor is to lead the investigationy: tencent's investment in gaming is paying off. there are risks in

the private attorney, one of many that trump hired, was seen talking with yvonne to at the white house. her husband under scrutiny, but not the target of the investigation. sources say that kushner tried to set up a secret back channel with the russian ambassador to the u.s.. even after intelligence agencies found russia tried to meddle in the election. >> there ought to be review to find out whether he was true for candid. if not, there's no way he can maintain that kind of clearance. >> the president called the leaks fabricated lies made up by the news media. a says that gerrit is doing great job for the country and he has total confidence in him more than willing to answer any and all questions. >> fresh from the g7 summit, angela merkel expressed doubts about the u.s. and the u.k.. -- the u.k. telling people that the times when they could count on others are over. this week, it is expected to recruiter crucial for the white house as the president works to control the west wing crisis over russia. reporting in northwest, kenneth moton. coming out ofews the truck administration this

yvonne and betty will be next with daybreak asia.eans for extraordinary development in the ♪ macron sews a new chapter begins now. >> marine le pen accepts defeat. we will be live in paris. >> the euro picks of strength, a boost for the european union, a blow for populism. >> asia-pacific market set to rise on the election to japan gets back to business after a three-day break.

will be accompanied by his family, including first daughter and special assistant to the president yvonne bloomberg's kevin cirilli, thanks so much. that's it for this edition of "bloomberg markets: middle east. will be live from the region at the same time tomorrow. jonathan: from new york city, i am jonathan ferro. with 30 minutes dedicated to the fixed income, this is "bloomberg real yield." ♪ jonathan: coming up, the biggest crisis of the trump presidency breaks the calm on wall street. investors ask, is the trump trade dead? treasury yields grind down. will the chaos in washington throw chair yellen of course? is it a wake-up call for em? we start with the big issue. a week of messy politics.

yvonne:

. >> yvonne grenell is pleading with anyone that was at the lake to please reach out and for parents to be mindful as the summer swimming season gets underway. >>> cooper health is honoring the legacy of its late ceo and his wife. it's now the sheridan pavilion. governor chris christie was at the ceremony. the sheridans were found dead in their home in 2014 and investigators say she was murdered but his cause of death is still undetermined. cooper's board says his legacy left an impact at the hospital. >>> a funny moment here on "action news." taking off online, turning jim gardner and cecily tynan into viral sensations. >> this is the moment setsly's earring fell off in the middle of her forecast and being the gentlemen he is jim jumped out of his seat to help. during live with kelly and ryan, they shared a good laugh and high praise for two of philadelphia's favorites. >> i love that about him. i always loved him but that makes me love him more. >> he is the guy. he is the guy. he is royalty. >> parts of south jersey -- >> kelly should know she is from these parts. you can watch th

yvonne: taking a wider view, steve mnuchin says the

the family of murdered police officer yvonne fletcher say they are deeply disappointed a suspect willbe pursuing the case against a man arrested in 2015. a six—year—old girl who was in her father‘s car when it was stolen in leyton last night has been found safe and well. she was in the back seat at a petrol station in the high road, when a man the girl‘s dad thought wanted to buy the carjumped in, and drove off with her still in it. a cyclist is fighting for his life in hospital after being hit by a lorry in west london. it happened near white city during last night‘s rush hour. an air ambulance attended, and a man in his 50s was rushed to hospital with life—threatening injuries. so, with that, let‘s take a look at this morning‘s travel. all looking good on the tubes at the moment, as you can see there. but, on the trains, more misery for southern commuters. there are delays this morning because of late—finishing engineering work at norwood junction. if we look at the roads now, this is north acton. you can see quite heavy flooding there on the a40 westbound. one lane is blocked at ma

yvonne, how did you come to be here today? >> i came to be here because it affects my kids. i'm sorry. >> that's okay. >> i worry about them. i worry about their kids. >> can i give you a hug? [ laughter ] >> thank you very much. the emotions you see here are real because despite how it is portrayed, it is a life and death situation. >> dan. >> dance, nice to meet you. my real name, a little bit of tongue twister. >> for those of us who are not from these parts. what made you decide to come here? >> i came here is to stand for our treaties, stand with the treaties, stand with the people, stand for the land and water, protect it because, you know, this is allowed, permitted to happen. who says it won't stop here? >> if dan sounds paranoid, oh, he ain't. because even though the constitution of the united states clearly says that treaties are the supreme law of the land, uncle sam has made and broken over 100 treaties with natives taking land and cheating them in every conceivable way. my personal favorite example happened in 1829 when president jackson promised natives their n

. ♪ yvonne: asia-pacific stocks are seeing rising after wall street was lifted by oil, and global equitiesime high. we are watching developments right now in greater manchester. >> that is right. president trump takes his message to israel, saying he sees hopeful signs of middle east peace. >> tuesday will bring the present's budget request. congress will see where the cuts have to be made. anchor: digging deep. rio tinto is the latest to