malaysia central bank was supposed hold its meeting today of but it is now on an unexpected holiday. in new zealand, however, the central bank met today and the reserveg costs at a record low of i.75%. some analysts had predicted that interest rates would be on hold all the way through the 2020. the new governor said that, quote, the door is open to both a rate rise and a rate cut, depending on the inflation data. in other business news to you this morning, bmw is extending a uk recall of its cars over safety concerns did it the move comes over safety concerns did it the move co m es after over safety concerns did it the move comes after an investigative bbc report found that some vehicles could stall completely while they are being driven. the carmaker is recalling over 300,000 vehicles, including the bmw one series, the three series and the 24. and japan's because carmaker forecast a 15% drop in profit in the current fiscal year because of slow demand in its biggest market, north america. it also blamed the effect of strengthening japanese yen on profit as well. in the year to march 2018, toyota posted an operating profit of about $22 billion. and

haidi: the philippines setting up for the bank of england later on, and we have the reserve bank of new zealandig rates on hold as expected. there expected to keep the level at the break until 2019. new zealand stocks trading up 2/10 of 1% in the wake of that decision and the kiwi dollar weakened somewhat following the announcement. take a look at futures in australia, the energy sector continues to be in focus today with the wti, goldman sachs saying oil could hit the target of $82. sydney futures like positive and .7463.dollar at and he had a mixed session when it comes to the u.s. dollar against the g10 peers. 71.28, theude highest in more than three years, in addition to concerns tightening, crude is trading at over $77 a barrel. indexue book commodities sees a lift coming through in energy prices and looking at a gain of 6/10 of 1%. also we have chinese inflation numbers coming through that will feed into the asian session. let's get the first world news with courtney collins. courtney: iran's leaders have dismissed the u.s. withdrawal from its nuclear pact with their supreme leader callin

ultimately, we will see the bank of england, bank of canada, european central bank, even the reserves are -- of australia and new zealanda little bit. others will speed up. that will turn the course of the dollar. alix: mark weinberger of ey and the denenberg of wells fargo securities, both of you are sticking with us. on commodities edge, we will speak with an investor in u.s. shale companies. iran --ill talk about how do you play shale producers when we are at $70 oil, and what the base case is for potentially waiving sanctions. coming up, emerging market currencies rocket as the dollar strengthens. this is bloomberg. ♪ kailey: this is "bloomberg daybreak." nestle and starbucks are teaming up in a multibillion-dollar deal. nestle will pay almost $7.2 billion in cash for the right to sell starbucks out of in retail and food service channels. the swiss company wants more upscale coffee triggers in the u.s. starbucks will use the money to speed up share buybacks. blackstone group has agreed to buy gramercy. a 16% premium to gramercy's close. warren buffett warned about a nightmare link to new accounting rules. it has com