i'm yvonne man, welcome to daybreak: asia.he top stories this tuesday, said to extend gains after u.s. stocks in a four-week high. can your yields fell for a third straight day. >> plans for the iphone with a big new tablet to attract multitaskers. tech help to drive some of the , a lot of investors will be watching inflation. it is a chart that we're quite there with. the pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2%. and it is a position also held by the minneapolis fed presidents neel kashkari. >> there is a collision course between what was he on the fiscal side of things as well. address the spending plans from the white house. and it is increasingly likely that we will speak about it. what would that overshooting inflation. queen of the market reaction was pretty positive to all the headlines today. the s&p up over 1%, the dow adding on another. nasdaq also higher by over 1%. volume a little bit lower than what was exp

i'm yvonne man in hong kong. betty: i'm betty liu in new york. planning its first budget zifment cut since 2012. our china correspondent tom mackenzie joining us from beijing. tell us more. what is the significance of this? >> it's significant because this is the first cut we've seen since 2012 when it was reduced. the budget deficit target from 2% to 1.5%. we got a bar chart that shows the budget deficit targets over a six-year period and then looking ahead for the seventh year to 2018. the last two years, we've had the budget deficit target set at 3%. now we're being told sources familiar telling my colleagues here in the beijing bureau that it's going to be trimmed from 3% to 2.9% for the year of 2018. now, this is going to be signed off in all likelihood by the national people's congress that kicks off on monday, march 5. and that's also when by the way we're likely to get targets around the g.d.p. number and also military spending. those kind of areas. in terms of fiscal policy, we heard from china's senior leaders at an economic work confer

yvonne: i am yvonne man in hong kong.sident trump has doubled down on a reciprocal tax on imports. there is no formal plan in the works for such a levy. let's get more from our editor in washington. here? president serious it seems the senior officials are trying to play it down at the moment. >> he seems to be serious. he brought it up yesterday. the official said we don't have any such plan. he brought it up again today in a meeting with members of congress from both parties talking about trade and talking about his investigation into whether china and other countries are illegally dumping steel and aluminum in the united states. he got a lot of pushback on both of those things from some of his fellow pogroms -- his fellow republicans on taking such a step. yvonne: that is the reaction from republicans. what is going to be the overall reaction from congress if he actually follows through with such a plan? >> the president has got pretty wide latitude on this. .his is a foreign affairs issue but he would find himself i t

i am yvonne man in hong kong. ocencio in new york, and you are watching "daybreak asia." breaking lines on the bloomberg about the rba. yvonne: that's right. these minutes coming through. we are not expecting a whole lot of surprise when it comes to the aussie, because we have largely heard from the likes of philip lowe last week already, but talking about the rba, household balance sheet, we are carefully monitoring them right now. it has been generally positive. risetion, they say, to only gradually as the economy strengthens, and also talking about the strong retail competition to persist in the next few years. still the risk that consumption growth could be weaker according to the rba, and rent inflation and cpi could be expected to rise gradually. we will continue to hear this theme. deflation not exactly picking up too materially. given the fact we heard philip lowe last week say if wage growth continues to be at 2%, it will be hard for inflationary pressures to continue to tick higher. meantime, market react

i am yvonne man in hong kong. ramy: i am remy innocence you in new york. ak asia ." yvonne: breaking news from singapore after we got gdp numbers yesterday. imports up 13% for the month of january. they were expecting 8.9%. we will see what led to this. in terms of electronic exports it fell a second month, down 3.9% for january. certainly what we saw with the gdp numbers, we did see that dragon manufacturing. we still see this global demand story, global export story, quite intact. these numbers justify that. ramy: we have australian breaking numbers coming in from the employment rate. the unemployment rate coming in, 5.5%. this was against the prior month, also 5.5%. there was a beat in terms of the employment changed. butxpected was plus 15,000, the actual was 16,000. as for participation rate, 55.6%. according to consensus by bloomberg. pretty much spot on. the jobless rate has been holding at 5.5% since the past half year. the participation rate has also been rising the past half year. steady as she goes in terms of expectations. itnne: it is interesti

yvonne: i am yvonne man in hong kong. you're watching "daybreak asia."irst word news with jessica summers. the u.s. treasury has full 100 $79 billion worth of securities to rebuild its cash balance with your that auction rise -- yields at auction rising. the offerings with decent demand given the market facing a daily use of sales. the treasury will sell five-year and seven-year maturities in the next two years, but both larger.s bitcoin's recovery continues as regulators and south korea signal they will support what they term "normal crypto currency trading," having hinted that an outright ban -- hinting an outright ban. the latest rise takes bitcoin to almost double its low of $5,992 on february 6. 's boss isler delivering the best returns and has been compensated handsomely as a result. the annual report says he earned $12 million in base pay and bonuses last year and collected stock valued at $36 million last march. takeover oft's chrysler in 2014 and oversaw for molly's game po in 2015 and its spinoff the following year. has directed the justice dep

i'm yvonne man, welcome to "daybreak: asia."ocks in a third week after friday's strong close and treasury yields dipped. investors turned to central-bank policy as jay powell prepares to speak on capitol hill. the pace of rate hikes is all-important. betty: absolutely. from bloomberg's global headquarters, i am betty liu in new york. president xi jinping wins a power game in china. party is to change the constitution to let him rule indefinitely. a chairman embarks on a goodwill tour of germany. he is now the biggest shareholder in dime where. -- daimler. we have got some positive tailwinds on this monday morning in asia. friday, yields heading lower, stops bouncing back. we did not see late day selling. #btv 938. i don't know if it is all clear for japanese stocks yet. ,his is a gauge on the topics which measures the selling strength to buying strength. we have been below zero for 17 straight days now, the most bearish we have seen in two years. the last time we hit that negative sentiment, we were stuck in the 200 point range

i am yvonne man in hong kong. betty: i am betty liu in new york.an headquarters some see as a monument to jamie dimon. they will tear down the old park avenue building. the new tower will be bigger than the current building, which was finished in 1961. jpmorgan has more than doubled in size under dimon's watch. yvonne: air new zealand the sword. at the carrier said it sees fiscal 2018 earnings that topped last year lifted by local demand and strong inbound tourism. it came in at the equivalent of two it to $37 million for december -- it came in at the equivalent of $237 million. betty: a temporary fix to keep airbus planes flying until a solution is found. a fuel caused dangerous vibrations and took many jets out of service. we are told an earlier version to readeal will be used it did not last as long as the replacement. don't forget our interactive tv function, tv . up on past interviews and dive into securities or bloomberg functions we talk about. part of the conversation by sending instant messages on our shows. this is for bloomberg subsc

onne: this is "daybreak asia i am yvonne man from hong kong.en hays from new york. its outputs, ci ting rising incentives to find buyers in the u.s. billion, below.2 estimates. higher debtthere is income after the recent u.s. tax cuts. after: mayer has plunged a slump in the key sales period. they have said that they do not see an improvement in the second half. myer says january sales were down 6.5%. coming up, the trouble hna group, holding a $4 billion firesale, hoping to cut their massive debt. also, we look ahead to markets. continue to see a drawdown in equities. the s&p heading into correction territory. it did officially go there overnight. this is bloomberg. ♪ ♪ yvonne: 8:30 in singapore. looks steaming hot. i am yvonne man in hong kong. kathleen: i am kathleen hays in new york. you are watching "daybreak asia ." let's get to first word news with courtney collins. england governor mark carney says interest rates may need to rise at a steeper pace than initially thought to keep the economy from overheating. he lifted forecasts. he says

i am yvonne man. welcome to "daybreak asia."s markets are beginning to stabilize after the biggest weekly route in two years. the volatility index fell as the s&p saw its best to day advance in months. ramy: from bloomberg global headquarters, i am ramy inocencio from new york. says the risks are rising. he expects a u.s. respects and -- u.s. recession sometimes in the next two years. president trump proposed spending and cuts. congress is expected to ignore his plan. yvonne: it seems like risk is back on the table. you're seeing more of these banks saying it is time to buy buy this dip. 8176 on your bloomberg is the chart i'm looking at because we continue to see speculators in tad short continuing positions when it comes to the 10 year yield, expecting those two further climb. the big question for the equity traders is if those yields climb above 3%, was going to happen? ramy: 2.85% is where the u.s. 10-year is. people are wondering if this is something that is a temporary blip until we move higher. closed in the green for the

yvonne: i am yvonne man.reak asia." asian pacific stocks enter march in decline, february 1 of the wildest months in years. david: wall street has a bad day at the office. worst day in equities since the elections in 2016. .avid: pboc and governors tomart raises the buying age 21. president trump says congress is a scared of the nra. yvonne: we have been talking about trade tensions rallying. we have export and import data from south korea. foring expectations february, despite the lunar new year holiday. there are seasonal effects in play. we are seeing the drop from 20.22% from 4%. but better than what economists were expecting a 0.5%. david: have a look at our bloomberg chart, to track exports and the change year on year. 4% as yvonne was pointing out, that is the slowest pace of export growth, going back to november last year. that is 4% for you. here is the recovery, seasonal, hopefully. the marketing korea is closed. we are getting movement across the currency. across the markets, japan is opening it up

i am yvonne man in kuala lumpur.ftbank reporting second-quarter earnings later wednesday with masayoshi son stepping up efforts. .oftbank softbank is trading at half the value of its holdings, which top $180 billion and include investments in alibaba, you would japan, and -- 138 billion dollars, far more than softbank's own the market value. shares of gilead are lower in extended trade. the biopharma company seized up to $20 billion of product sales with growth margins of up to 87%. fourth-quarter adjusted eps topping the average estimate at $1.78. revenue beating the street at $5.95 billion. shazame takeover of shoul may run afoul of regulators. apple would be ordered to file the deal with antitrust authorities in brussels. having almost missed facebook's acquisition of whatsapp, they want to change the rules on takeovers of companies that make no money but hold valuable intellectual property. suffered any setback last month when a u.s. carrier scrapped an order for 40 jets. the first order cancellation for the mits

i am yvonne man, welcome to "daybreak: asia."sia-pacific stocks brace for a selloff after the dow's biggest fall in 18 months. there is concern the fed will pick up the pace when it comes to hikes. the u.s. debt ceiling back on the agenda this week. the bond market alarm bells ringing loud and clear. hays in: i am kathleen new york, it is just past 6:00 p.m. on sunday. a new era for the fed, jay powell sworn in on sunday, janet yellen said she is disappointed to leave. in it is singapore airshow week. bossll hear from qantas alan joyce. ♪ from a one headline monthly job report can reverberate, not just through stocks, bonds, currencies in the u.s., but around the world. wages accelerating, the rate hikes accelerating not just from bonds --8 but for pure but 4%. it was the move down and stocks that caught everyone's attention and makes us wonder how this carries through in asia. typical big story in the u.s., but anyone watching markets, i am serious, this u.s. baton has been passed asian traders and they will determine what happe

i'm kathleen hays in new york. >> and i'm yvonne man in kuala lumpur.ing "daybreak asia." first word news from new york now. >> u.s. stocks plunged the most in more than six years. deepened on fears that rising inflation will force interest rates higher. dow sank more than 11 points. rallied and gold rose. however, economists say the fall is unlikely to hurt an economy that's enjoying solid gains in spending and hiring. so-called robo advisors haven't this.ch experience with when confronted with one on monday, they struggled. biggest websites 500 index the s&p sank. >> wheen while, mario dragic has bank must brace for a hard brexit. he says the bank is always ofparing for a ring outcomes -- range of outcomes, but the possibility of the u.k. leaving without a transition is there. he cede the e.c.b. is -- said the e.c.b. is working closely the bank of england. and coalition talks are expected in germanya head today, with negotiators saying they want a simple yes or no decision. were extended as the reign conditions. more than four months after an election

am yvonne man. this is bloomberg.g up at the bank of korea policy decision. japanese economic data and two days of testimony for the incoming fed chair jay powell. bond markets on the edge of this. -- on the edge of their seats. we are seeing gains across the board for most markets. this is the yen on support of kuroda's latest session that powerful easing remains essential. we are seeing a drive in the material segment. carbon and think following the most on the nikkei 225. steel players also under pressure amid speculation that trump will look to enforce the harshest steeled paris on global exports. we are seeing a change of fortunes elsewhere. i want to highlight casio, which is jumping. we have been seeing swings for the hang seng. this is tech shares, finding ground today. real estate has been swinging following the latest home price data out of china. the consumer discretionary stocks are helping the hang seng stay afloat. last look is happening in seoul. we have the country rising 2/10 of 1%. rishaad: let's hav

than 2700 journalists and analysts in more than 120 countries, i am yvonne man. this is bloomberg. d: thank you so much for that, yvonne. in 18 hours from now roughly speaking, apple comes that with earnings. the reason that is important is there has been a lot of concern recently that sales of the iphone x have not quite been up to par. we are hearing from some of the suppliers that, yes, compared to previous, i guess, releases of iphone, has not been there. have a look at the bloomberg function on the supply chain analysis. apple is in the middle. telcos.see the absolutely. price was pushed out to november. may have seen a lot of sales. apple even admitted is slowing down the use of some of its phones as well. we have had a stream of earnings from the world's tech giants. qualcomm.microsoft, ramy inocencio has all the details from new york. facebook, the company sell nearly 5%, but then he raised those gains to push -- erased those gains to push higher. the time people spend on facebook fell by 50 million hours. mark zuckerberg wanted to balance the fund, so they cut him on a vira

i am yvonne man, welcome to "daybreak: asia."ks brace for a selloff after the dow's biggest fall in 18 months. there is concern the fed will pick up the pace when it comes to hikes. the u.s. debt ceiling back on the agenda this week. the bond market alarm bells ringing loud and clear. hays in: i am kathleen new york, it is just past 6:00 p.m. on sunday. a new era for the fed, jay powell sworn in on sunday, janet yellen said she is disappointed to leave. in it is singapore airshow week. we will hear from

i'm yvonne man, welcome to daybreak: asia.his tuesday, said to extend gains after u.s. stocks in a four-week high. can your yields fell for a third straight day. >> plans for the iphone with a big new tablet to attract

. ♪ yvonne: i'm yvonne man, welcome to "daybreak: asia". this wednesday, looking at the markets, you're seen the market meltdown is a a bit, u.s. stocks recover with their best day since 2016. the dow fell and saw its biggest gain in two years. --wasn't all clear sailing before ending with a late session rally. from bloomberg headquarters, i am betty liu in new york and it is just after 6 p.m. on

i'm yvonne man, welcome to daybreak: asia. and then there were four.says strengthening data might mean a rate hike briefing. u.s. stocks sold off on jay powell's more hawkish tone and asia pacific markets are expected to follow suit. i'm betty liu in new york or it is just after 6 p.m. on this tuesday. oh dropping the most amid new warnings about u.s. show production in the opec led market, rebalancing in washington. getting tough with china. slapping tar

in hong kong, where live from bloomberg's asia had orders area on yvonne man.reak asia. tuesday,tories this asia-pacific markets extending gains after wall street shrugged off the worst week for equities in two years. the volatility index fell and the s&p saw the biggest two-day advance in 18 months. traders are still nervous about u.s. inflation. >> and from bloomberg's global headquarters, i'm remy where it is just past 6 p.m. on monday. president trump reposes widespread domestic cost cuts and congress is expected to all but ignored this budget plan. and rolling the

i am yvonne man. welcome to "daybreak asia." edge higher after wall street ended a two day slide. three hikesing at this year. some prominent players have a different number in mind. betty: from bloomberg's global headquarters, it is just after 7:00 p.m. thursday. inflation stalling in japan, highlighting a challenge facing the bank of japan. the 2% target is as far away as ever. and bmw, to bei named one of the best car brands in america. ♪ yvonne: i feel like we see the same headline when it comes to japan inflation every month. we are heading in the right direction, but still stalling, still far from that 2% target. the yen will be the headache. g #btv 8783. wheree indicators show the market is placed when it comes to further yen strength. this is the fx pain index for the yen. we can see the loans are back to levels we saw during the brexit vote. could continue to be quite a headache for the central bank. especially after they meet in march. betty: absolutely. as we heard from our prior guest, who noted that, despite some of

yvonne: thank you, appreciate your time. the oecd deputy director general joining us in kuala lumpur. that is going to be mane there in malaysia. we had our bloomberg level economics and policy editor forking with a mission team indonesia on how resilient they are to all of this market turbulence. >> what is happening now is not really new. we've had episodes of financial turbulence in the last two years after the u.s. elections come when china changed its exchange , so this is not something that is new, and indonesia has in the past done very well in facing the challenges. reporter: the institute for international finance cut out a report in the last couple of days talking about the biggest slump report in folio flows since the 2016 presidential election. the tracking registered nearly $4 billion of outflows on jittery 30th. -- on january 30. indonesia is not one of the countries mentioned that is most itected this, but does make this risk something you are monitoring and that you expect the government to monitor as well? guest: of course it is something that needs to be monitored closely, the authorities n

among them, yvonne felarca, the berkeley teacher. >>> new details on the man charged for the kidnapping, rape and murder of a 14-year- old girl in antioch in 1980. mitchell baycome is entering a not guilty plea. a fisherman discovered the body of a woman in the river days after she disappeared while babysitting. investigators linked him to the crime using new dna technology and he has a lengthy criminal history. the district attorney has not yet decided whether it will seek the death penalty against him. >>> this morning fresh fallout following the oroville dam emergency. the lawsuit that the california department of water resources faces. >> and it sure has been a very warm month for february. so we are going to talk about the change in your forecast. we are going to start to see some cooling and some breezy conditions ahead of the weekend. >> and we're tracking a few hot spots including 880. that's a slow ride. is this part of your commute? we'll take a closer look at travel times coming up. >> plus, in our tech report, the new feature that facebook is now testing out. it's time for t

among them, yvonne felarca the berkeley teacher. >>> in just a few hours, a man accused of killing a chp officer is expected in court for a bail hearing. 22-year-old muhammed ali is facing secondary murder charges. he was driving drunk and high when he was involved in a crash that killed officer andrew camilleri on christmas eve on the shoulder of 880 in hayward. a second officer was injured in the crash and will be okay. ali is held without bail. >>> time now 6:40. the search for survivors under way right now in taiwan following that deadly earthquake. >> drowsy driving is as bad as driving drunk. that's according to a new report out by aaa. we have the rest of the data next. >> amazon is adding delivery service for whole foods groceries. we'll check the list of cities that applies to. >> the market just opened up. the dow is down about 100. coming up, we'll get an update from kcbs radio's financial reporter jason brooks. it's time for the 'ultimate sleep number event' on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. does your bed do that?

yvonne: we are still seeing signs that it remains robust. smaller businesses report a more optimistic outlook. financial analysts are increasingly up. the holiday has seen some disruption. satellite imagery indicates manufacturing has eased. a man years ago as the south african financial minister is making a comeback. sources tell bloomberg he has support of the new president. the president's to announce a cabinet reshuffle on tuesday evening. he is coming back to his former job as home affairs minister. former general may contest indonesia's next presidential election which will be a rerun of the bitter 2013 race. he is popular and has improved access to health care and has fallen short of a promise to boost growth by 7%. billionaire brothers have had their assets frozen in india to enforce a $540 million award. the site is started in 2008 when the brothers sold. general electric says that recent negative headlines do not tell the whole story. structuremping its and raising accountability while also over hauling the board. wasen buffett says he surprised by the surge ge took. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thanks so much for t