this is bloomberg. ♪ yvonne: i am yvonne man in hong kong.kathleen hays and washington, d.c. we have the latest from london. this is such an exciting process. >> it certainly is. practicing my pronunciation. we are off to wales. it was the third most winnable seat for tories, but labor has held onto it. they also saw gains in london. the toriesese seats were targeting, labor is gaining or holding onto. there was a conservative win in putney as they hold onto a seat there, but and narrow win. we continually see the swing towards the labour party. it is show you how playing out in the markets. the tories are unlikely to win the outright majority. that creates uncertainty. #70 62 and shows sterling overnight volatility brazing. this -- raising. this is on the night of the brexit vote. it is beginning to create a spike down there. about: we were talking this, it seems like the base case is switching. now it seems like we are heading towards some type of minority coalition, but how is that possible? also come the labour party does not seem like th

yvonne: i am yvonne man in hong kong.e watching "daybreak asia >> as we have been reporting, fired fbi director james comey will tell congress the president asked him in february to end check to michael flynn for clearons, to see his way of letting this go. comey will say he never agreed to the inquiry. he will also say the president demanded loyalty when they met on january 27. fired anothers series of projectiles said to be short range cruse missiles. launches fromple defense sources in tokyo. japan says it will protest surgical medic channels. say southom seoul korea is suspending further deployment of the controversial onad missile deployment environmental grounds. it means those yet to be deployed must wait. china is strongly opposed to that system, saying it risks upsetting the regional security balance. in europe, london police have carried out a controlled explosion outside the new u.s. embassy. but says it is not terrorism related. some cars had been left unattended several days, days before the election. electio

yvonne: news corp.company is in advanced talks with facebook about situations to its content online. the ceo robert thompson has been exchanging with mark zuckerberg on content. at an industry conference in italy, thompson criticized the walled garden from facebook and google. betty: george clooney seems to lead a charmed life -- fame, fortune, a beautiful wife, baby twins. he also sold the tequila company he founded with friends for $1 billion. it being bought to expand its lineup in a fast growing sector. it will pay $700 million upfront . clooney says he may celebrate with a shot or two, a billion dollars shot. yvonne: you can have more than just one i think. betty: i don't think he will give up acting. yvonne: plenty more still to come with asia's first market open moments away. betty: we are watching sydney, tokyo, and seoul. >> oil traders don't have much to celebrate. brent joining wti in a bear market territory. that pushed u.s. energy shares lower. we saw increases when it came to biotech. that

yvonne: i am yvonne man in hong kong. giants as it is launching a new highly encrypted phone at the mobile world congress in shanghai. told bloombergce company will continue to set aside 10% of its annual revenue for research and development. they said china remains the toughest market because barriers to entry are so low. >> china, being the most competitive market, and it is very important to us. we are going to display the security here in shanghai. we will see that we will demonstrate the leading encryption technology in all four layers. , system,are layer platform layer. things will go into the business and other public service sectors. anchor: they have launched their latest smartphone. aimed at younger people as well as what honor calls people who act young. the label comes from the technology that allows better quality photography and art places. it runs android seven and goes on sale in europe at $500. prices for north america have yet to be set. yvonne: facebook says its top to billion -- 2 billion users -- it r

yvonne: i am yvonne man. eyes are glued on china for the next 24 hours. not only do we have this msci decision, but we will hear from the pboc governor as well. we do not hear from him too often, but it will be interesting to get his take now that it seems like the pboc is parting ways with the fed. they held off on raising those borrowing costs after the fed raised rates last week. betty: a lot on the agenda as you mentioned. we will be going through a lot of big corporate stories, including that story on tesla. everybody focused on the chinese market and tesla being a tech movie has been a big today. how much -- a big mover today. how much of the impact will be on the asian markets? yvonne: a pretty big boost so far in new zealand. the nzx 50.% on the kiwi at 7224. watch the body lenders today after that meeting these downgrade -- after that moody's downgraded on the housing market. you will hear more of that on the rba minute later on this morning. on the at 7597. -- the aussie is up .7597. arjun japan, we

yvonne: i am yvonne man in hong kong.are watching daybreak asia p first word news with lisa parenti. lisa: president trump says the supreme court's partial review of his travel ban is a clear victory for national security. they said it had gone too far by blocking the 90 day band. people will be banned unless a genuinehow relationship with a person or entity in the united states. the court will consider whether the executive order is constitutional. results president michel temer has been charged with -- brazil's president michel temer has been charged. in the car caught up wash. he denies wrongdoing and said on monday than of the could destroy his -- that nothing could destroy his government. italy says it will not have to save anymore banks after the last-minute rescue of two lenders over the weekend. pierre carlo reject did that this is the intervention that regulators were trying to prevent. ,e insisted it is not a bailout but within you rules and will be the last -- within e.u. rules and will be the last one. >> we a

yvonne: i am yvonne man in hong kong.reaking news out of south korea on first quarter final gdp numbers coming in at 1.1%. for 0.9%s were hoping estimate. relatively marginal beats. a year on year figures coming in at 2.9%. gdp setting the fastest face -- pace we have seen since 2013. we will see what the market reaction will be. big story this morning that happened the last couple hours, the stunning announcement from president donald trump. we saw classic donald trump come out. we absolutely did. at that overshadowing any news we are getting so far. in terms of the reaction in the market, it was interesting. been.s. markets have getting higher. they ended at the top of the session. you can see the s&p higher by 0.8%. the dow adding on 135 points. the nasdaq composite rising 0.8%. the doomsday scenario we saw from u.s. ceos saying it would be bad for the economy has not played out yet. at least in today's session in the markets. do not read too much into a knee-jerk reaction. we have to see more what the details are and

yvonne? yvonne: great conversation, betty.looking for dear next big interview out of the wharton global forum drop a day on bloomberg television. at the 9:00 hour, carrie lam joins betty at 9:10 hong kong time. lots to talk about. a week and a day before she is sworn in at the chief -- as the chief executive. and tom friedman will be along with betty at 10:40 to talk china, north korea. you can get those interviews live our catch us on our interactive tv function at tv. you can watch us live, dive into topics,ws, securities, charts and functions we talk about. also, become part of the conversation. send us an instant message during the show. that is for bloomberg subscribers only. this is bloomberg. ♪ ♪ yvonne: a quick check of the latest business flash headlines. nomura takes frankfurt as its european headquarters after brexit. they will transfer about 100 people from london. currently employs more than 3000 people in europe, most of them in london. dialogues is ready to set up a base in frankfurt as the u.k. leaves the e

yvonne: i am yvonne man. our next guest has seen the top property bubble profit.uld rise by another 50% in the big city. joining us now from beijing is the deputy director of the national institute of financial research at a chinese university. great to have you on the program. i want to show our viewers where we stand when it comes to chinese property prices. we have seen these curves take a bigger bite into the market right now. we have seen prices on average see a bit of a drag lower, at new construction, and sales heading lower as well. a gradualn quite slowdown overall. why do you think we could see a 50% upside in home prices? guest: while, i think this is not surprising. we are seeing gradual prices come down every time we have the policy come into the market. i think the company is doing more than the curving policy. they are limiting the really expensive companies to come into the market. we are seeing the prices dipping. the whole mechanism is now increasingven the control over the capital flow, and increasing monetary supply coming into the market. peop

yvonne: i am yvonne man in new york.ybreak asia." >> first up, capital one was the lone standout as 33 other u.s. angst aced the second part of the fed's annual stress test. they have been ordered to shore materialversight and weakness and resubmit plans at the end of december. banks are expected to pay out close to 100% of their expected earnings over the next four quarters, much higher than the 65% last year. the global cyberattacks seem to be abating but leaving with -- victims in its wake. they could suffer material financial damage after the petya bug. shares up more than 1.1%. another place shut down shares in india and on the u.s. east coast, saying they are carrying out a full assessment of the damage. bankruptcy of takata has dealt a major blow to its parenting families. the value of that takata stake has plummeted from nearly $3 billion to less than $70 million, and could go to zero. the family used to collect around $9 million. -- the year in dividends. as tesla finalizes its gigantic battery factory in nevada

yvonne: i am yvonne man in hong kong.r has ousted its head of business. he was involved in at least two incidents of alleged executive misbehavior. they were investigated by eric holder. the directors met for more than six hours and approved all of holders recommendations. closestis ceo was his confidant. eric newcomer covers the company and joins us now in san francisco. where do things stand on the corporate culture cleanse? >> we are expecting the recommendations of eric holder's investigation tomorrow at 10:00 a.m. to employees, and hopefully, the public will learn around then of how we have been getting a sense of some of the findings he presented in a private board meeting sunday, including this recommendation to get rid of a meal michael -- emil michael, bloom they have parted ways with. holders investigations on all sorts of issues, and we will hopefully find out more about that tomorrow. anchor: according to your story, you have been talking to sources saying that michael is not blaming the channel but the board

yvonne: i am yvonne man in hong kong. denied anaire fraud and diverting loans as he appeared in court in london to fight extradition. he was arrested on charges of conspiring to defraud banks, through a $1.4 billion loan to is now defunct airlines. he was told to surrender his airport. he moved to england, saying he wanted to be closer to his children. the jury in the u.s. trial of former nomura bond trail say they may have trouble reaching a verdict on at least one charge. they began to liberating last week after a month-long trial of federal court in in connecticut. the three are accused of lying to customers about the prices of mortgage-backed securities. bloomberg has been told the carlyle group expects between $5 billion and $6 billion for its fifth asian buyout bond. the group aims to close a new fund in the second half. competition for buyout deals have increased in asia, with a sovereign wealth funds, pension funds, and a large corporations joining the fray. uber ceo travis kalanick says he is taking a leave of ab

yvonne: and i am yvonne man.lub.joining the msci they also added 53 more stocks to this conclusion. a long time coming for china, a lot of questions. betty: given we were not the ones flags prominently, the stock connect china put in place. that being a key reason why they decided to include these shares. yvonne: they mentioned it was a bringingger, overall, a boost to the hong kong and shanghai markets today. markets a after oil slumping into the bear market, from the highs we saw in february. let's see how new zealand is performing this morning, continuing this negative tone. stocks down 0.2%. still a slightly higher dollar story, the kiwi at .7243 against the dollar. energy stocks in australia, those are the ones to watch. under pressure today with wti. tumbling to the lowest level in nine months overnight. the market getting fatigued on these opec-led cut. futures heading lower in sydney. nikkei futures ending 0.8% up. futures down 35%, according to chicago nikkei futures. dollar-yen, 110.35. we expecting boj

yvonne: it is yvonne in hong kong.e heard a lot of big applause when they did announce this kit as well on top of the ios 11. it was interesting. they projected the 3-d week rendering of what you could do. how big of a breakthrough is that? how does that compare to the likes of facebook as well as alphabet, that have been developing in this form of technology? bryan: it is funny you mention that purity mention the likes of facebook and out of it. -- it is funny you mention that. you mention the likes of facebook and alphabet. tole will be a huge catalyst this entire space as a whole. you think about apple and mobile developers in general, and they tend to go for apple cap form first. apple platform first. you will see more man-to-man is augmented reality space. more ofts -- you'll see this augmented reality and people knew it had potential, but it never quite latched on. now with apple pushing behind it, you will see the entire industry get lifted up and that in general will help not just apple but the other vendors as

yvonne: how so? his father had a long relationship with dandong, and he was a relatively free solicitor to hong kong. in 2004, i was a secretary for financial services and the treasury. i had the honor of working with him. we took into the hong kong monetary authorities and talked about the economic growth of hong kong. even during that visit, i could tell he loves hong kong. he really cares about hong kong. and he does know quite a bit about hong kong. yvonne: i want to talk about mtr, infrastructure a big part of hong kong's integration into china. there is talk of a high-speed railway which has faced delays. china'sprime example of tightening grip in the city. what you think of critics who say, we do not want chinese officials having immigration control in the city? without: location -- location, it will not be as effective as it should be. with it, it is a more effective railway. fact, it is in europe, london. staffn check in with your , and the french border at the same time. then you arrive in

yvonne: i am yvonne man. we are counting down to the first major market open.m the bloomberg markets reporter, from sydney.ve focusing on australia, halfway through the year and australian equities are underperforming in the grand scheme of things. always seeing any upside? upside? seeing any adam: it has been interesting this year because there is no shortage of global investors. it is queuing up to add to the failure. withis a risk in prices the huge underperformance with the global index this year. australian equities are unchanged on the year, being able to make plenty of money across the board begs the question how the second half of the year intervals this. there is a feeling of a lot of potentiallyributing further weakness or underperformance on relative terms. that hangs on the consumer. there is plenty of worries about the australian consumer, dipping into their pockets to continue to help the economy tech blog. -- tick along. house price growth continuing to nudge higher. the rest of the economy looks in tough shape. it is difficult for australian equ

yvonne: i'm yvonne man. you are watching daybreak asia.o to first word news with tom mackenzie in beijing. governorbank of japan is seen as increasingly likely to get a second term ahead of a policy meeting this week. he is the only possible contender after his current term runs out next april. none of the economists see a change in policy, and the vast majority don't expect any change until after his current term ends. reports from japan say shinzo abe may invite xi jinping for a state visit next year. the news says he will go to china earlier for a groundwork trip. it will be the first visit to japan since 2008. the leaders met win shinzo abe went to china last year. germany is warning that the saudi-led isolation of qatar could lead to war. they say the situation could rapidly deteriorate, though there is still a chance for resolution. turkey is pushing ahead with a military base in qatar saying it is for security of the whole goal, not 1 -- goal, and -- specific country. this seems to be done by the end of ramadan. russia wants to work

yvonne: i am yvonne man.-largest looking to tie up utility payment apps as the fixed income share of the e payment market. they are looking for a fifth of india's estimated $6 billion payment market by the end of next year. they want to offer support validating will be quick -- mobi kwik at around $13 million. betty: the region's biggest real estate deal. logicorp has things in the you cannot kingdom already -- united kingdom. warren buffett is about to start an annual private lunch auction to raise money for a homeless charity in san francisco. it starts at 7:00 pacific, 7:30 hitshong kong. the big come near the end. million, tying the record set in 2012. sinceaised $24 million 2000. plenty of big stories this week, covering them here on daybreak asia. we have china, india, pakistan gathered for the shanghai cooperation organization summit. a look at the friction, these will become old members of the strained relations -- full members of the group amid strained relations. slowing to 1.4% on the quarter, down

yvonne's not.n, but she got a big heart, so she let the home boys that didn't have a place come to her house, so that's how i met her. >> before me and him hooked up together he was telling me about his life. he had a drug problem before. he never wanted to go back to it, you know. i'm like, okay, i can deal with that, you know. but then he started hanging with the wrong crew, with the wrong people, and that's what's -- i guess he started getting tempted, and that's how it started. >> good, good. >> where's the little man today? >> he's at his auntie's house today. >> good for him. >> yes. >> anything in your pockets? >> just my key. >> your just key? okay. you enjoy your visit. have a good day. >> i will. >> noncontact visits are usually inmates that are just arrived or inmates that are on disciplinary housing units for various reasons, whether it be gang related or they're under protective custody. these inmates are required to be behind glass. and they, basically, they're speaking over intercom

guest: thank you very much, yvonne. i could not say it much better myself. it is a significant percentage, 25% and even higher figures, of flooding occurs outside of the 100-year floodplain. those are the people, in the case of baton rouge, who are getting only $9,000 rather than the $86,000. if she ever does flood, yvonne will be happy that she has that flood insurance policy. --re has been this fight famously in my circle -- senator his homeowner's insurance company because they were saying it was actually flood, which will have a lower amount that they will pay out, causedthan wind that damage during katrina. one of the other things that is important as you move to private sector, you will remove some of that discussion, whether it is wind or rain. there will be one insurer, and it will be a rider on your policy. host: what happened with the lott case? guest: there was some agreement with state farm over what the agreement would be. caller: this is in response to the tweet. i was getting ready to call before i saw it, and your guest stephen ellis says we

yvonne, we have been waiting for a long time.e confirmation to, has filed for bankruptcy. -- terra-cotta has filed for bankruptcy. yvonne: we will hear from the company i takeover offer as well coming from key safety people. this could pave the way for the sale. a big wild card remains, who will take the brunt of responsibility when it comes to global recalls? one of the most complicated in the automotive history? takata not off the hook after this sale. we have a lot of debate covering the cost of this $5 billion, some of the automotive experts. $1.6 billion,e in so who will cover the shortfall? betty: we will be following that story is on. -- that story, yvonne. and we have someone joining us, the managing director. a lot of use what this means -- , for thet this means company. they say the company is too big to sell in china. the government has a vested interest to make sure the company continues. they are not making as many offshore sales as before, they will continue business as usual. morgan's we have j.p. asset management

[laughter] yvonne: it has been a long time coming. now you are in new york.together. a lot happening with this. betty: we have known this unit is up for sale, the subject of bidding, westinghouse doesn't want it to happen with the group , theen dane and incj government backed fund. looks like they will go through -- or so.illion for we will see what happens, certainly a huge deal first for toshiba shareholders. investors would be the key for the green light from the government as well. of inot of people kind the dust, because they've reason that phrase concerns about hoffenheim's ties to china. china, looks like the demand will be in tax for now, but we will see the yen. betty: it will be that, but looking at currency risk, not a lot right now in the chinese currency, the yuan. it has been quite stable. might be part of the reason why our guest leader in daybreak asia saying i -- property are going to soar. i know in hong kong it has already been a huge run-up. people are saying, either direction -- yvonne: maybe the money goes to china. curves might be relax

yvonne from norfolk, virginia line for independents.aller: my question is, i'll be honest with you i'm 70 years old. i don't understand why trump cannot release his taxes. he claims to be open about everything. we don't know where the man money is coming from. he doesn't show any respect for any of the laws that are in place in this country. he puts his family in the white house without any vetting when they know that we have anti-nepotism laws. i do not trust the man. period. host: victoria allenton, florida, republicans go ahead. caller: hello. good morning. c-span you're the greatest show on earth. host: appreciate that. caller: it's about president trump. i just want to let you know that i'm old enough to know him. he's a little older than he is. i'll tell you, the guy is quite a character. host: do you know him personally personally? caller: when he announced periodically several years ago that he was going to run for president. i said, no, there's a guy that we as americans should be entertaining in our minds. not in your votes. t

yvonne: the iphone is 10 years old now.

yvonne, like so many others, would suffer under the republican plan to strip away the protection for preexisting conditions. she has had an accident. she has had an ovary removed. she's had asthma. it would be extraordinarily difficult for her to get insurance without the protection of everyone being in the same health care pool together. if she could get insurance, which is not at all clear, be it sky-high, unaffordable prices. bernard from portland writes to us. he says an important thing that often gets lost in this whole debate are the future of the affordable care act is for americans to innovate. in 2011, bernard in portland chose to leave his job and pursue his passion of becoming a freelance artist. here's what he says in his words. with my departure, i left behind the security of medical coverage. for two years, i was not covered by medical insurance, and fortunately nothing happened. but that's a gamble that no one should have to take. and he continues, it's a gamble that i could take being under 40 years old and in relatively good health. and he continues, a person should

jewish state, zionist imperialism so i was active in both harvard young democrats and we invited yvonne to come speak and 2000 people gathered in the auditorium there called sanders theater and the sds, plp was in the balcony and they had their banners about zionist imperialism, free palestine, whatever. ibahn in his tone which i will not try to imitate at the request of my staff, i would love to do it. john was right, what he said. but he pointed to them. he said i want to tell you something, you up there in the balcony. i said for centuries, for centuries there's been a double standard that affects jews. a jew was allowed to be a farmer, i'm sorry, noah jew was not allowed to be a farmer, everyone else was. and you could not live in moscow, everyone else could. and you could not do this, that or the other thing and he said you in the balcony, when every other people gained their nation, you applauded and he named a few countries. sri lanka or zambia or paraguay becomes an independent country, you applauded. there's only one group of people that you criticize that you attack when they

yvonne: the world bank has maintained its outlook for the global economy, forecasting a modest pickupn monetary policy and rising protectionism. it sees expansive mission of 2.7% desk expansion of 2.7%. manufacturing and trade are picking up, proving financing conditions could be coming back. china's biggest homemaker and one of the biggest coal-fired power generators are in talks of a merger. the talks are at an early stage and may not proceed. units have been notified by their parent company -- companies' significant matters. saysnn chairman terry google and amazon are supporting him for the stewardship of the toshiba memory chip unit. the out word -- they offered financial support. they had interest in buying the units. japanese authorities want a domestic better to step forward to prevent technology from going abroad. unitba's strictly nuclear has reached a two-week lockout in new hampshire. they had a three-year contract which would run through to may 2020. the deal covers 172 employees who will return to work on monday. no details have been released. global news 24 hours a day,

. >> i think when you talk about him you are also mentioning his wife, yvonne cap. -- ivanka trump. >> it was with the globalists on climate change. then you have the president of the united states in the fourth group. people, i think, do not understand that presidents -- do not understand the president's worldview. i do not think he has the same strong views. i think that president trump's worldview was framed on the campaign trail. on the basis of what he said that resonated with the crowds. what he basically said was, if there is a direct threat to the united states of america, we will deal with it, and we will crush it. other than that, we will withdraw from the world. >> let me ask you about the middle east again, please connect these things as they relate to the white house. that trip was largely a product, it is said, of jared kushner. it is said that he carries a -- he did a lot of conversations with the saudi's, coming into this. why do you think that was successful, and is it wise for the united states, to identify a run as the enemy, and identify with the saudi's and everyb

yvonne:

scarlet: yvonne: -- atrlet: live in new york bloomberg world headquarters overnight hour.ws the last hour, the opening remarks from fired at the our director james comey have been released ahead of tomorrow's hearing. we will break it all down for you in a few minutes. moving to market, pimco director dan ivascyn the u.s.- ways in at struggling to compete against i like exxon. julia? julia: let's get to the latest remarks from fbi director james comey.

horace: all the problems for yvonne brooks started with a thunderstorm that flooded the basement andd. >> this is when i first noticed that the mold was growing. i called usaa to let them know. horace: she says they referred her to a contractor to replace the floor and do away with the mold. they built the enclosure around the sump pump but then she noticed the mold was back. >> it came from this enclosure being closed off. condensation built up and the mold begins to grow in the area. >> it spread, she says. >> it goes in ventilation, to the house. to my kids. i have two daughters. a dog. and myself. i'm 100% disabled veteran. but she called them back and insists he is got no help. the insurance company told her the fix is the contractor's responsibility. she contacted us, we contacted ussa and the the company but will talk to her. >> since this was the preferred contractor that the insurance company provided. this was handled with the help and the work of the insurance company. horace: there are no guarantees so it's up to you to go with the contractor that you feel comfortable wit

yvonne: sheryl sandberg tells bloomberg, facebook and its peers have an obligate

yvonne is already dressed for the occasion. >> last time it's going to be standing room only like this i'm probably going to be over there. >> reporter: the drone view shows the main stage that's almost ready for dub nation to celebrate their 2017 flrks ba champions. blue and yellow where fans will watch the festivities along broadway and oakland. jimmy's deli is opening 6:00 a.m. >> like five, six sandwiches with chips and soda. >> reporter: if you plan to attend, police say use public transportation. city officials announce new road closures. >> on 880, the jackson street oak street and broadway off ramps will be closed starting at 7:00. >> reporter: here is the map from mlk to 880 of the impacted area. we even found signs saying they will start towing tonight. barriers are in place for the large crowds. police advise people to stay alert. >> be aware. don't be distracted. oftentimes a phone is like our biggest distraction. mybe put that away until you get to your destination. >> reporter: with just a few seats close to the stage, organizers expect people to start showing up early. >

the bunker trump is there and her husband jared, there is steve bannon who we spoke about earlier, yvonneit'll be interesting to see if she turns up. nathan, let me ask you about the nature of this accord and pulling out and what jean—claude junker said, he said accord and pulling out and what jean—claudejunkersaid, he said how ha rd jean—claudejunkersaid, he said how hard is it for america to actually unravel this process? the statement was correct in that it is a multi—year process in a technical legal sense but in another sense if the us doesn't want to participate nothing is forcing him to send a team to participate at this point so i wouldn't make the kind of legal obstacles to pulling out, it's not the key question here, it's really what does that mean for the leadership of the united states, wouldn't it be before our engagement with other countries, both large developed countries and developing countries and how they see as as pa rt of countries and how they see as as part of the world community not.l long—term question, if america pulls out of the paris accord then it doesn't do s

horace: all the problems for yvonne brooks started two years ago with a thunderstorm that knocked theer out in her house and flooded her basement. >> if this whole area is covered with mold and this goes to the ventilate, into the house, to my kids, i have a dog and myself. i'm a disabled veteran. horace: she says the mold throughout the basement was caused by the work her insurance company recommended to come clean up after the flood. she says the contractor built this near the sump pump and it began to grow mold. now she can't get the contractor or the insurance company to fix the problem. she called "7 on your side" call for action for help. we will tell you more about the fight with the insurance company and your rights in cases like this at 5:00. in stafford, i'm horace holmes, abc7 news. jonathan: you know what is when it's gray and foggy and rainy out, you didn't feel like getting out of bed. when it's gorgeous like this, you don't feel like going to work. doug: this is national leave work day. jonathan: and doughnut day. they coincided. doug: winning combination. i'm still her

yvonne: a bright spot in the markets to oil slides into a bear market.bank of england governor repeats his worries about brexit. he says there is no reason to raise rates. -- rush rates.

yvonne: more optimism about prospects for china. honeywell says it is the place to be. got the worl

the congressional baseball field , but top ceos still gathered for a meeting led by first daughter yvonne gary cohn also at this meeting. an hearing they could had announcement and directive coming from the white house regarding apprenticeship programs tomorrow. you the ceoay for who works in the keystone pipeline and the electrical industry field and what he had to say following the meeting of the white house. these apprenticeship programs are created through business working with government, so it is public-private initiatives focusing on the skills needed by each industry working with the bor to makeof la sure those skills match the demand not only here, but coming in the future. >> all of this really got started on the campaign trail trump put out this initiative and several months top ceos gathered at the white house along with wilbur ross to discuss it. the first daughter then i am told from a source close to the situation convened a meeting of her own and took some input from angela merkel. according togain policy. workers,d skilled workers who have more than a high school diploma

yvonne: i remember a month ago, you said those were some of the issues. this two step process, next year, they are going to be included that in two separate parts. why is that mark -- why is that? >> that has to do with the that can flow through. when you do all the computations on the number of shares in the market cap, all of that, and then you look at what could investors put into the market, program,he shanghai the ceiling was restricted. what we are able to do is spend time with regulators as well. they will work together with us to see if we can get it done in one step. in twoouncement was steps to make sure we leave flexibility. >> i want to say hello to you. you mentioned the two tech -- step process could change. you mentioned the daily limit on the stock connect to be abolished or extended. do you get any indication from chinese officials that they are willing to do that before these inclusion dates? >> we get quite a lot of good feedback and positive views from them they will work very closely together with us at that time to see how they can f

scarlet: yvonne: -- atrlet: live in new york bloomberg world headquarters overnight hour. breaking news the last hour, the opening remarks from fired at the our director james comey have been released ahead of tomorrow's hearing. we will break it all down for you in a few minutes. moving to market, pimco director dan ivascyn the u.s.- ways in at struggling to compete against i like exxon. julia? julia: let's get to the latest remarks from fbi director james comey. we are expecting this statement from james comey tomorrow. kevin, let's look through what we have here. this was on the dinner between resident trump -- president trump and james comey as -- kevin: the wanted -- president was asking for his loyalty, and was clearly a conversation and a question that made comey feel uncomfortable. on at some length about this, writing about the way he felt an awkward silences, where he was sitting, and said he could not quite promised loyalty because that was not quite appropriate. overall, it is a remarkable statement, where it goes through a series of encounters, meetings, and c

. >> ap photographer captured this moment of him going in for a hug with yvonne a trump.er tweeted this picture with the cam sean ivanka trump arriving at the capitol greeted by senator rubio. how meeting with lawmakers on child tax credit. and then so that was the original tweet. then people like wait a minute? >> it is too intimate. but of course it is the camera, the frame that's captured. so marco rubio tweeted he's opening his own investigation into this close encounter, posting just left intel commission and informed meeting today with ivanka trump blowing up twitter over alleged failed hug. investigate. will respond soon. >> it does seem like he's reaching for the hug and she is standing there like nope. not going to help you at all. >> stiff as a board. but the frame that's captured. it also is like going in for kiss or something. absolutely not. >> so then, rubio jokingly wrote follow up. ment breaking news, moments right after today's alleged hug provide new details this developing story. clearly enjoying this. >> yes, then she did touch his shoulder. so she was