lng. there is a lot of u.s.jects looking to build lng facilities to import/export, and looking to sign contracts. and china is the biggest growth market when it comes to lng, and so everyone is trying to get chinese contracts. and if this tariff means that chinese buyers are not going to want to purchase gas from the u.s. as much, it is a big hit to u.s. producers. alix: and there is a great chart that shows the growth of natural gas demand in areas of the market from 2020 to 2025, and it is all lng exports. without that feedthrough to china, where does our lng go? anastacia: that is a good question. it might be a bit of a reshuffling of lng markets around the world. globally, we expect that global demand is going to be pretty high, and there are going to need new supply, so it might be the u.s. looks to europe or other asian buyers. or there is a lot of small buyers, what we call the "club of minis," countries like burma, columbia, that are looking to build out their imports of lng. it might be that u.s. produc

lng. global news 24 hours a day on air and @tictoc on twitter powered by journalists and analysts in 120 countries. this is bloomberg. >> we are going to get more ahead. we're going to discuss whether the used of the yuan weakness may be over more weather the three-year anniversary of that last weekend. rishaad: softbank's backing away from elon musk's plan to take tesla private. ♪ >> this is bloomberg markets asia. the people's bank of china again say they won't use the yuan as a weapon in worsening trade relations. tit-for-tat trades that has resulted in dollar strength against the yuan, but goldman sachs says the worst of the weakening may be done. saying washington's trading partners typically prefer to see currencies gain rather than engage in tariff increases. strongc has appointed rising trade tensions but has no plans devalue. -- plan to devalue. still with us is the head of fx researchuth asia at standard chartered bank. waiting for that to come through, but we can pursue the conv

suppliers of lng and related equipment, services. finally, on october the 1st-3rd mark peters -- he's the head of the idaho national lab -- he'll be chairing the pacific basin nuclear conference in san francisco. this is an excellent opportunity to discuss the development planning of nuclear energy in countries across the pacific rim. and, again, they're going to hear a lot about small modular reactors in that conversation. so we're really eager to work with folks in that region. there's just some extraordinary opportunities that we have. by expanding our presence in the indo-pacific energy sector, we'll support and enhance our nation's long commitment to regional peace and to prosperity while guarding against those who would use energy for coercive ends. we're going to offer the freedom and the opportunity to create their own success. and the key to all of this, you know, whether you're in the united states or whether you're a country over in the indo-pacific is energy security. and from that comes prosperity, economic growth, risin

was front and , saying let's close the trade deficit by selling you some more lng. news is an indicator of how far we are from the hopes of a negotiated solution. in terms of the material impact, i think we would want to speak to the energy analysts to get the details. my economist view is, in commodity markets, it does not really matter who buys from hoop and what matters is the balance of supply and demand. since the u.s. is not so into china, they will sell to someone else. they will be buying from someone else. it will not affect the fundamental dynamics of the markets so much. david: that is a central position from an economist point of view. i understand they have a 25 year deal. typically, providers need long-term contracts to make the capital investment necessary. is illegal for china to say we are not going to buy that out from you? ini think the thing to keep mind here is we are a fairly -- distancee and is from affecting the rulebook, supplier and buyer. a chinese company, i do not want to get too deep in the weeds in terms of the corporate story in the c

you talk about putin encouraging the saudis to buy russian lng. my question here is, why don't the saudi simply by their own gas? they have an awful lot of the is this simply question something happening temporarily or is this sort of like a demonstration sale, such as when i think that there been some russian and american deals that have been demonstration sales more than harbingers of things to come. are the saudi is really going to buy russian lng or can they just playing developed their own? secondly, you talk about this russian role with regard to mediating between opec partners. of course opec has had this problem long before this cooperation has begin with russia's i think they must have other mechanisms. i guess my question to you is, has the saudi-russian cooperation on oil prices essentially replaced opec? the analogy i would like to think of is, back in the 1950s when the u.s., vortexes controlled oil market it was a texas royal commission of that set the prices. louisiana and oklahoma automatically set the same prices, and since the ca

yvonne: what does it all mean for lng prices? of lag on where lng does is run crude prices about three months or so. now that we have hit a four-month high for lng, could we see price momentum headed higher? peter: i think we are already. you are correct, the way the contracting works, typically there is a three-month lag in pricing before we see it come through in revenue. what does that mean? investors can have some comfort as to how revenue forecasts will look like. when you look at the japan-korea market, it closed last week significantly above where it was at the same time last year for october delivery's. -- deliveries. that might be an indicator of what demand will be for the winter. we will keep our fingers crossed, it does not look like it will be any worse than luster from a pricing point of view. for the lng industry in general, for decades we have seen a lot of companies dominated with long-term contracts. lately, we have seen a series of shorter contracts of just a few years. what do you think is the rationale behind

lng just like crude oil is fungible what i mean by that is you can switch out lng from one supply to matters to an industry is not so much whether china buys it or will somebody buy it total supply and total demand are really what matter so if this tariff lasts a long time, what will happen is u.s. lng will go to markets other than china you know, perhaps europe, korea, taiwan, india. and china in turn will buy more from countries other than the u.s. qatar and australia, probably new guinea will all be logical sources. >> to dig into this idea it will be fungible given that fact, does it actually require changes to it supply chain or is it really just a matter of where the ships are destined >> it's a matter where the ship are going. most lng are sold under contract so the real questions is will chinese buyers like petrachina be willing to see new purchase agreements with u.s. suppliers as it stands there is only one such deal and it involves chinese buyer -- which operates that pass terminal but there's so many early stage preconstruction u.s. ng product, by the way, in canada, too,

cheniere energy is lng, the biggest publicly traded exporter of lng on a stand-alone basis.atch that stock >>> landon dowdy has the other big stories. >> adidas shares are soaring after it reported strong earnings sales were boosted by increases in north america and china adidas is backing its 2018 guidance and the ceo says the company remains on track to meet its long-term targets until 2020 >>> also watch yelp. its latest earnings boat forecast thanks to a 21% rise in ad revenue they are raising their profit outlook for the year >> and roku swung to a slight profit in the second quarter as revenue rose 57% roku added 22 million active accounts, and viewers spent more time watching content. back over to you >> thank you very much >>> we are just getting started on a thursday. up next, two of the biggest oil producers locked in a fight. what the rift between canada and saudi arabia means for you and the market >>> and later on, uber's big blow to the big apple. new york city cracking down on ride hail iing activities more "worldwide exchange" rolls on my digestive system use

we agree and also the japanese chair in the world trade lng is 40%. it is still based upon oil that we need to make the gas market more transparent and more visible therefore the indo pacific region is good for all of us so with lng on world trade and to move unnecessary. and make that a transparency markets. . . . . >> of the long term, the purchase agreement. that'd be easier to make financing. but, for example, that the case of transportation sector, they have to bear the risk of -- [inaudible] for example. so we are going to take risk initially, and then the, if the cash flow is going to stable, we're going to exit. >> yep. >> that's a law. it's very productive law. that's why i said -- [inaudible] that's a key value-added point of -- [inaudible] >> that's great. >> and if i might follow up on that, one will reason that secry of state pompeo mentioned earlier that the indo-pacific region alone needs $23 trillion of investment. and even though our $60 billion sounds like a lot of money or the australians, it really just is a pebble in the ocean. so

lng. donald cap has taken to twitter to criticize a company.oves production abroad. companies are coming in our direction, including harley competitors. a really bad move. moved overseas to beat the presidents trade tariffs. dayal news 24 hours a powered by journalists and analysts in more than 120 countries. this is bloomberg. yvonne: what we have been seeing here of course is the fallout from turkey. the lira off record lows. certainly the sentiment is hard to turn around. ramy: we will get to turkey. it is about sentiment right now. quite a bad start to equity markets following what was a risk off session on friday. have a look at the gap on the nikkei. similar losses we are seeing in australia. in south korea as well. s&p futures lower in the monday open. 22,000 on the nikkei. -- ifhould take is below i'm not mistaken, that should take us below are 100 day moving average. it is not that clear, but have a look. let me zoom in. there is your index. first time i believe in a couple weeks trading below that. follow that closely of course. have

. -- wheat, and lng. this additional list outlined by china doesn't do much to add further pain to the u.s. agricultural sector but in terms of lng, there is an impact. we saw some of those players in the u.s. market falling. that is one to watch. china has said it will not be bullied or blackmailed. as you have been discussing, we have been waiting to hear from clarity from china how they plan to respond if these tariffs are put in place. we got more details friday. now we are looking to see what happens with this consultation in washington towards the end of august. then the end of august, early september, you could get additional $200 billion worth of tariffs imposed and retaliatory measures and's tips from beijing -- and steps from beijing. ramy: tom mackenzie with the latest between the u.s. and china. breaking news crossing the terminal, saudi arabia has said is canadian envoy in riyadh unwelcome. this is according to the present is she -- the the press agency. quotinginvestment, also . saudi arabia

the largest exports of lng in that jeopardizes this.nt is riffing like he does but in trade deals. it seems like he does not. >> i'm going to wait on that. it doesn't seem to be backing down at all. what do you think is happening because the president trade policy is working do you think he has a plan? >> a great economic policy. it's completely booming the tax breaks that every american family is feeling. he has enforced here the economy well how to contemplate international relations and trump is a negotiator and that's what is the same thing that everyone was saying with north korea and when they were backing down from coming to this summit but ultimately that have been. trump is planned along came here was that to contemplate this by saying he doesn't know what he's talking about is actually what's premature. we need to wait and see what results out of the terrace. the master just doesn't work to china's benefit. we have a lot more that china's toys when they enter the united states than we do u.s. goods going into china. they have

that is a pleasing chart on lng. thank you for joining us. with the chart. all of the recent charts for use on bloomberg tv are there for your reference. this is bloomberg. ♪ >> the announcement kicks off it was expected to be an easy campaign. abe has thece says backing of 76% of lawmakers. the vocus on september 25. tesla drama has another page with elon musk's plans to take the company private. in a blog post, he says tesla will keep the company public after shareholders asked him not to continue. they are pulling back on musk's all-consuming work style and worried about his ability to ramp up production of the model three and meet targets. the u.s. and mexico are said to be written -- close to resolving day onlties on naftaglobal newa air, tictoc and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. what is being seen as a policy turn in the chinese central bank, up 2.9% of most since last tuesday. the banks have resumed use of the countercyclical factor in the daily pricing of i

lng. ramy: and euphoria in u.s. markets.e look at what is driving stocks toward the longest bull run in history. this is bloomberg. ♪ ramy: the s&p 500 hit an high, and suaday keenan is here with the latest. su: abnormally sentiment driven market, and if you hit a market like this it gives extra fuel to the bulls or causes nervousness. bloomberg gtv, where you can find our library of charts. first time since january we are back at levels. why nervousness? the strategist says with the background of trade talks, peak margins, now brand-new one-two punch headlines for trump, there could be nervousness. let's go to the market snapshot. we did see dollar weakness, the s&p closing off the record as we got the trump conviction headlines. the broadest measure of the market small caps, all-time closing high. big movers, tesla was down and then back up. morgan stanley, the second big firm to suspend coverage. ew, someld create a vi view that as a positive speculation. analyst commentary about people under 30 buying into tesla at the l

it may be beneficial to australia, who supplies lng to the chinese market.hey are trying to target sectors of the economy were trump would like to see growth. possibly that is part of the calculation for the chinese in hitting out. rishaad: thank you. tom mackenzie in shanghai. moving to how this escalating trade tension is weighing on the you when and other currencies, we are joined by senior currency strategist sean callow. i want to start by looking at what's been happening. the yuan has been in a trajectory since march of only going one direction. we seem to have slowed down that move. i'm going to bring this chart up from the gtb library. library. chinese investors are not dropping yuan denominated assets. , the was this huge outflow sale of chinese assets, and we are actually positive, at least we were in june. opped?e rot st >> certainly we got to a demarcation point. the storythink with this time last week from china that there would be probably know break, essentially you would have to be very brave to be still buying dollars close to seven against

we arery gutierrez: exporting lng to india. exportingross: we are to just about every place in the region. so far relatively limited quantity, and part of that is a strange problem in the u.s. side. there has been so much activity in the permian basin that the transportation for getting from the permian over to export ports is lagging behind. so there's a tremendous amount of road construction, tremendous amount pipeline construction, tremendous amount of even more detailed infrastructure like schools, housing, to deal with this incredible boom in the permian. secretary gutierrez: secretary, we have got to bring more questions. one related to china. secretary pompeo mentioned partnership not domination, and that was interesting concept, we've sort of set up china as our rival, as our competitor. is the idea to achieve this partnership not domination within our two systems? or does china first have to make adjustments to be more like a western type economy? can you just talk about the partnership not domination as it relates to

a companyor shinier, that experts lng, it will have a trade sensitivity.s about $1.45 billion. they had a loss of about seven cents a share. were the last to sign a long-term agreement with the chinese company. is tryingldman sachs to buy an lng tanker from cheniere. so the details a really important. david: yesterday, china really put lng on the table when it comes to trade. think we may actually go after lng. alix: you need long-term investments to build. pay attention to that earnings call. much more coming up with mike wilson and how he is trading the market. this is bloomberg. ♪ emma: this is "bloomberg daybreak." tribune media has pulled out of a planned merger. anchored federal regulators. sinclair hoped to use the transaction to become a nationwide broadcast powerhouse. a milestone for the home rental industry. front yard residential has bought property manager haven hearst partners. $485 million. the purchase was facilitated by a loan from freddie mac. the biggest deal they have done in the single-family rental program. and morgan stanley is addin

pipeline that would bring natural gas to parts of the northeast and less what they had to import russian lng to stay warm. that from my point of view is not a move that enhances u.s. energy security. so it's electricity. its natural gas and a good point about iran because they understand how to get in different parts of our system that may own indirectly touch of energy but still be points of all the. >> host: how reliable are we on other countries for our total energy usage? >> guest: leakages is not really. i mean, we've made such extraordinary progress in the last two decades with nonconventional oil and gas development that we are now the largest energy producer in the world along with our canadian and mexican neighbors. but we really don't need come id a physical sense, a lot of imported oil and gas to keep our economy going. it's certainly is less of a vulnerability and more of an instrument that we can use to help our allies, as the president talked about with the eu of exporting u.s. natural gas to europe. >> host: abrams is up next, and independent. good morning. >> caller: good mor

you talk about the improvement encouraging the saudis to buy russian lng. my question here is why don't the saudis simply buy their own gas. they have an awful lot of it. is this simply a question of something happening temporarily or is this sort of like a demonstration sale such as when -- i think that there has been some russian-american deals that have been kind of demonstration sales more than harbingers of things to come. is this -- you know, are they really going to buy russian lng, or can they just plain develop their own. and secondly what i want, you talk about this russian role with regard to mediating between opaque partners. of course, opaque has had this problem long before this cooperation has begun with russia. i think they must have other mechanisms. i guess my question to you is has the saudi-russian cooperation on oil prices essentially replaced opaque? and that's the analogy i would like to think of back in the 1950s when the u.s. or texas controlled the oil market, it was the texas railroad commission that set prices. louisiana and okla

confident that there could be a resolution, and one issue might be on energy if the chinese took more lng from the americans, it would settle the trade deficit immediately. but it would also help china's blue skies policy to clear up pollution in that country. that's a win-win for both sides. that's what both leaders are seeking. or is it more complex where we have to see a break through on technology transfers >> you're right, the example you gave is win-win, that's the language the chinese love to use when they talk about trade >> so does trump >> so does trump but the trade imbalance that president trump talked about, that he made his campaign about, that he made his name through, that is far more complicated than a question of adding one new product to the mix there are so many levels of barriers for american companies to operate in china, i think it would be very, very hard for president trump to sort of wipe away ten years of rhetoric about trade imbalances with one product like lng >> we'll leave the conversation for a moment a lot more to talk about >> whether he will still be in

if you add in our ability to bring in lng from the united states which we're already doing some now, but we can do a lot more. maria: are there any other potential additional alternates say from africa to europe? i understand the big picture what you're trying to do and we see the pipeline transfer on this map but any other alternatives that you feel you would need? >> well those are two big ones that are both reliable and both could be done in a short amount of time. there are other potential opportunities but they become more complicated because as you know north africa is a complicated place not all that safe, so it's a little more challenging. i would like to just reiterate though that this propaganda arm and how they're blocking the italians from essentially using propaganda the italians themselves are stopping them from this pipeline it's very similar to the reports that we've seen out of the united states that people forget this, everybody is worried about russia gate and what russia denuclearization the election. what people forget the reports out there the russians involving

lng is tight you have winter level sitting right now. it's a substantial premium right now. >> how realistic is it that the u.s. exports meaningful amounts of lng to europe to the extent can offset reliance to places like russia? >> obviously there's going to be room for u.s. imports particularly given the facts that a lot of that is already contracted but look at the value proposition for u.s. exports looking into the pacific basin with strong demand coming in from china lng from the united states goes into the pacific and china $8, the price is over $10. the tariff is 29%. you don't even hit the kusht price in asia right now. >> those are good numbers. thank you, jeff. head of commodities research at goldman sachs. >>> coming up bad news if you're in the market for a used car the reason behind surging sticker prices straight ahead. >>> plus shares skyrocketing today on the back of earnings. today on the back of earnings. stic yeah, since birth. that drives me crazy. yes. it's on all your email. yes. they should know this? yeah. the guy

before the hearing she supervise the torture to see the graphics and to tail out run the interrogator lng market that's nothing short of banging someone's head into a war in the water treatment that's water boarding condemned by all manner of nations because was practiced by the japanese general war to look crime and so to see this kind of thing revealed in gory detail the only solace i get from this is the fact that our system of law sometimes works and that is that the national security archive that did a freedom of information request for this got these details. a suicide bomber has detonated explosives out the office of the electoral commission in the afghan capital kabul people had gathered there to protest the disqualification of multiple candidates running in parliamentary elections speaking to me earlier journalists phasey from kabul. some of the supporters of those candidates who were disqualified from to run for the parliamentarian elections they were they were gathering in a nearby the independent election commission headquarters a suicide bomber according to police tried to ap

vi>> reporter: lng some like sequoia to fendhaor theve selves in this parking battle. scott macfarlane, news 4 i-team. >> the i-team began askingv.he medical center in d.c. about these parking problems back in ju this week the center told us that they added some new shuttle buses to melp patientsove around that but at medical centers across the country, v.a. records show more than 5,000 accessibility needed. are open the nbc washington app and see the i-team series about problems inside the v.a g ju there and search veterans. >>> 100 years ago women couldn't vote, but one joined the marines. coming up, we take you to a new exhibit dedicated to honoring a century of service by women in the marine corps. >>> this week markshe 100-year anniversary of the first female marine. now the stories of women marines are coming to life in a newn exhibit arlington national cemetery.rs visito will see portraits and r memora memorabilia from different generation ands different wars. >> i hope people will come to see itor what it is. the history enclosed in this building spans not a lo

the bank taking a chance on the rapidly increasing exports of american lng they're buying the boat -- boat >> not even quite doing that i spoke to some sources that said this deal is probably less likely to happen now than to happen "the wall street journal" got wind of it and went ahead with the story and this is a financing a shipment of ifg and they have exposure to the physical commodity for how that is structured rather than operating the ship itself which is clearly something they don't have, and what is true in the wall street journal is this is them thinking about increasing their exposure again to a b, lng in particular because of the likelihood that the u.s. is going to start exporting more of it >> goldman sachs's dna. >> didn't lloyd blankfein start out as a commodities trader? this type of deal that's been less of in the last decade and for the u.s. investment banks within this type of commodity with lng there's been a lot less of. >> and all those things. >> partly because of that and partly because they haven't done much of it they're not trading. >> there was a time wh

what happens with lng products in terms of expanding that market if the threat is constantly there ofdding in tariffs. the supply demand imbalance is the same for crude as it is in gas. we hit recent highs in production we still import a lot of crude into the u.s our exports are at about 1.5 million, 2 million barrels a day. a small portion is going to china. if they shut off crude exports, it would not have a big impact on u.s. domestic production? >> if we're not shipping as much lng and crude to china, where else is it going >> europe for sure we have great strategic trading partners there there's a bigger arbitrage, whether it's butane or crude, they still use that for european refineries >> china is not just another market it potentially is a huge market. when you talk about if we don't have a market in china, we can send it somewhere else but that somewhere else is not nearly with the potential that nine has for you guys. >> the biggest concern for china is the tariffs might increase the cost of fuel products to the chinese consumer slow down economic growth in china. that's a p

we will see if lng terminals are prepared. "bloomberg commodities edge." ♪ ♪ julie: i'm julie hyman. this is "bloomberg commodities edge." now it is time for the bnef priest, what you need to know and the alternative energy world. just one year ago, hurricane harvey brought destruction in the houston area. the relentless storm shut down 22% of the nation's refining capacity, 25% of oil production in the gulf of mexico, and half of natural gas production. as we settle and for another hurricane season, is the energy industry prepared? we have a guest with some insight. so, what is this season looking like at this going into it? point a little more mild than last year, it seems. >> this season is quite a bit different than last year. we're at a point right now where it is just around the beginning of the hurricane season, and sea surface temperatures off africa are lower. we have a lot more shear, the energy that chops up hurricanes at the upper levels. we have a lot more of that, which means the chance of a tropical typhoon form

they can fly on one lng wouldn't get them very far given the thousands of kilometers of ocean between the two poles they are pretty decent swimmers. but there is a different explanation for penguins not moving to the arctic. they live off the fish that are in plentiful supply and cold sea currents heading northward being crossing the woman waters near the equator. and that would probably constitute an impassable barrier. so penguins and polar bear. well never meet in nature. they're well adapted to their respective habitats the problem for this guy is that the sea ice vital for catching seals is melting due to climate change polar bears are strong swimmers but not as fast the seals in open water they're facing a food crisis. so with their natural habitat shrinking how about simply relocating polar bears to the south pole it's nice and cold there too right. years ago scientists began toying with the idea of relocating animals certain by climate change to similar habitats elsewhere in the world. but moving polar bears to the antarctic has been ruled out as it would have unforeseeable co

. >> we have not heard any cries since yesterday afternoon.oo james: lng up, you can see that some vehicles have been abandoned right on the edges of the section standing just ahead of the collapse. a few more seconds, and those drivers would have crashed to the grou. they were all incredibly lucky to survive. cola and lisa from oxfordshire where here on holiday with their two kids. they told me they were driving towards the bridge. they saw a commotion up a head. >> people started shouting. >> tooting horns and everything like that. we tried to reverse, and we couldn't go anywhere. the car in front hit the front of our car, and people were running and screaming in a time -- in italianli"out!" we werrally, "kids, run," because we didn't know what was happening. we made off, and we grabbed our daughter's hand. -- weld it take her couldn't pick her up because all the r doors were flying open. torrential rains coming down. >> took the shoes off, going to sleep -- >> didn't have glasses. left everything in the car and ran for our lives. james: they took shelter in a motorway tunnel. vers ahead

frost atined by laura the fixed interest team and lng --at lng. some reactions, little reactions, in your perspective? >> surprisingly little. we have to wait to really get the call on this, but the fact that we are not dramatically lower in bond yields or much , the in stocks or whatever markets are unsure how to react to this. it's another step. perhaps the noose is tightening, but that's what this is, another sort of development in what is obviously going on. does it mean that the midterms are going to be harder for donald trump? almost certainly. does that mean the u.s. economy is go to slow down? no. does it mean the fed is going to stop hiking rates? no. it will carry on going up. , and in are as we were some key senses, we do not have all the facts, because it seems that despite what we heard overnight, you could go to a position where we are talking about whether the president is impeached by a more democrat washington after the midterm or we could get another term for donald trump. loomingse possibilities large, it seems the market is tak

. >> lng questions this morning after a horizon air employee was able to steal and crash an empty passenger plane. 29-year-old richard russell took the 76-seat passenger plane for a joy ride before slamming it into an island an hour later and is presumed to be dead. they have located the human remains and await the results from the medical examiner'sof ce. hans nichols is is there to give us a deeper look. hans? >> rep learning more about the life and passions of richard russell and how many friends he had, at the me time investigators are still trying to determine how he crossed a a busy tarma made it all the way onto runway 16 c before taking off. >> oh, my god. what is happening rr:ht now? >> r before richard russell made it into the sky in a horizon air dash 8, investigators want tw how he made it across a crowded tarmac onto a runway at seattle c tack aport. >>> causing confusion in the control tower, and a call to t military. with a pair of f-15s on his tail, rsell stayed airborne for more than an hour before dying in a faiiery crash. thousands of ramp workers and mechanics have the s

lng exports, that is only good for us. why not take the positives on they come?vious they question. i think a trade war is not good for the world as a whole. outlook, especially from the chinese market, i think we are in good shape. it's really gives us some advantage over u.s. wires. now for breaking news, tictoc is the first global news network design for social media on twitter. follow tictoc by bloomberg. ♪ rishaad: it is that time of the day, the battle of the charge. >> my chart shows how much u.s. stocks have outperformed the rest of the world. in dollar terms in local currency terms. both have increased 12% this early may. part of that is driven by the strongest economy. the only g7 nation whose growth is set to accelerate as trump's tax cuts i kick in. . the making america great again is not feeding so willing to the rest of the world. the trade war is weighing on china. europe confidence trends lower because of expert concerns. and don't forget what happened with turkeys currency. this is all feeding into the stock market. haidi: thank you so much for t

the chinese want to use lng to a greater extent because it is a cleaner fuel. it would impact the u.s. exporters as a growing industry and equally drive up prices and to not transition from cold lng and make it more to difficult -- more difficult. kathleen: maybe both sides are showing the other i can take the pain of a trade war, how about you? china's correspondent, tom mackenzie, joining us from shanghai. , talks between the u.s. and japan are beginning thursday. discuss this one man will discuss potential areas of cooperation. haidi: investing in time of high rates in trade tensions. --ing up on bloomberg this is bloomberg. ♪ haidi: this is "bloomberg daybreak: asia." i'm haidi in sydney. betty: i'm kathleen hays and -- kathleen: i'm kathleen hays in new york. trade tensions go higher and the u.s. announced sanctions on russia. oil tumbled and treasury rose. jeff bowie joins us now. -- truck bowie joins us now -- chuck bowie joins us now. you think this could go to or three more years. at this point in time, how much concern, uncertainty is the escalating t

consequences around the lng sector. impact on the markets, you've been talking about the pboc running in place additional measures to make it more expensive to short the one that you on -- yuan. the fx reserves out tomorrow will show some indication as to whether or not they have been at all, andort trade out on wednesday. the focus on the markets is beijing and washington digging in. yvonne: thank you, tom mackenzie there. it's get to the story on the currency and china. trade tensions escalate. the measure by the pboc makes it costlier to bet against the yuan. our markets reporter is here to talk more about this. that, tariffs, and before measures to support the yuan. >> the timing is interesting. i think 30unced minutes before the commerce ministry announced new tariffs. deutsche bank says that means the pboc is trying to support the one before the announcement of the new tariffs. an escalation of the trade war. it helps stabilize the currency before the potential slump. -- it wass also made also on friday, it was cl

thunder andht lng through southern parts of the county. that's moving straight up i-95 and arriving in the beltway for the next 45 minutes to an hour. you'll be dashing out f lunch, bep the umbrella handy. a littleak in the action. don't be fooled. it's going to be a very warm and humid day today and very storm stormy as well. humidity saears. great weather this weekend as well whether you're beach bound or headed fe the b ridge or mountains. herfe herfec perfect weather. >> wow. thank you. that's it for news 4 midday. we're back on air this afternoon. >> you can get news and updates withhe nbcashington app. we'll see you back here tomorrow morning. . >>> we are live in five, four, three, two, one.

we will not be stocked in lng in the united states.ut the quarterbacks >>> coming up, mark mahaney of nbc, he'll be talking to us about alibaba. at at&t innovations, we give you more for your thing. here we're adding tv and movies from our unlimited plan to the powerful new samsung galaxy note9. the perfect device for entertainment & productivity. so, it's essentially the ed helms of devices? how so? well he's both very entertaining and very productive. you think? yeah, i do. and that's my completely unbiased opinion. buy a galaxy note9 and get one free. more for your thing. that's our thing. >>> good morning and welcome back to "squawk on the street," live from post 9 of the new york stock exchange let's take a look at the markets this morning, down negative 14 points barely, s&p 500 the nasdaq is a winner again after it continued it's winning streak yesterday this would make six days of gain nasdaq is up .33%. >>> a road map for the hour, china is escalating the trade war. >>> plus alibaba is rising, it's up 61% from a year ago, is t

have been talking to are saying it wouldn't be hard for china, which just imports about 5% of their lngrom the united states, to swap cargoes with other suppliers or buyers in the east asia region to minimize cost. right now, it looks like the strategy may be able to hold off large impact on the company. >> argentina has taken emergency measures to stabilize the peso. raising interest rates five percentage points and announcing an fx auction. these unorthodox moves come in response to the turkish lira's downward spiral ripping through emerging markets. felipe: what you have seen in latin america is when you have these kinds of negative external shock, most countries would allow the currency to devalue weight and absorb most of the external shock. that is how policy is supposed to work. you have argentina, where the currency has depreciated by almost 40% since they hiked interest rates from 23% to 40% back in may. since may, the currency has appreciated another 40% or almost 40%. clearly, that was not enough so they have to think about alternative measures. francine: shares in the parent

lending of some debt, but also in the u.s., we still have to see what impact will be on companies like lng a sample. china is the biggest importer of it in the world as of may. if you have trade tariffs on the slew of u.s.have a company is looking for funding to build up these terminals. handgives russia the upper and australia the upper hand, which will have clear implications on the ground in the u.s., whether it is jobs, you know, i went down to louisiana months ago and you could see the criminals on the water and these or the same companies looking for funding. china happens to be the biggest importer, as well as a funder of these. this will have implications on the ground and the u.s. as well. mark: what happens when china starts to target copies like have big operations and a big part of their business comes from china? when the tariff tit-for-tat takes a new turn, and china focuses on the big companies that need china to drive their business? absolutely, the answer is we don't know at this point. all we can do is talk to economists about the potential as,omic impact as well obviousl

lng. shinzo abe plans to stand for reelection. the nikkei news said it was announced at a party meeting, and three quarters of lawmakers would back him for a third term. the former defense minister said he will challenge abe in what is seen as a longshot bid. launched a spacecraft to fly closer to the sun that any mission in history. the parker solar probe lifted off on the delta iv heavy rocket . it touched the very edge of the sun -- it will touch the sun's corona. it will make 24 close approaches over the next seven years. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am rosalind chin. this is bloomberg. the: if you want to go on currency roller coaster, the turkish lira is the one to watch. it has stemmed declines in the past few hours after the banking regulators said the transactions with the country facing another week of financial market turmoil. the purchase -- the turkish president will threatened new alliances and new markets

of lng, not from any of this other stuff.lking about, lng is still tied to hydrocarbons >> i think the fact that we're able to integrate renewables into the existing power. that's the medium term and future of the industry people talkewablrenewables, they don't realize renewables are intermittent they talk about capacity capacity will come from conventional power, whether hydro or fossil, or you can have batteries. you have to have a lot of batteries to have capacity the first 24/7 renewables really in the world we're doing on the island of kawhi. you can do it, but there's going to be a transition battery costs have come down about 60% the last five years. they'll probably come down another 60%. it's a transition. you need to use conventional fuels over that time period. >> performance over that time period, while prices come down has improved >> i think that the battery, yeah performance you continue to have technological improvements we have been operating energy storage for ten years. we had no problems we are on our fift

to see the chinese hitting lng. this is getting really huge. think you so much for that., first time congressional candidate and that are in max rose looking to win staten island. this is bloomberg. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ kevin: this is "bloomberg markets: balance of power." shery: let's get a quick check of the major averages. u.s. stocks looking mixed at the moment the dow gaining -- at the moment. the dow gaining 4/10 of 1%. we had data this morning showing jobs data cooling. do have continuing trade tensions between the u.s. and china. a percent, up 1/4 being led by consumer staples in real estate. here's mark crumpton. national economic council director larry kud