ramy: i'm ramy inocencio in new york.s is starting a search for a new central bank governor. the last one died at the age of 60 after a battle with cancer. he praised the benchmark rate by 175 basis points last year after inflation rose to a nine-year high. bloomberg spoke to one of his deputies last week, who said the bank is staying cautious on monetary policy. more on the hawkish side in the sense that we recognize the risks in the market. we recognize the possibility of oil prices surging again. so we are trying to be more cautious about this potential risk that could impinge on our ability to maintain price stability in the philippines. ramy: and that was philippine central bank deputy governor diwa guinigundo. haidi: shaping up to be a busy week for central banks, watching fed chair powell testimony for any clues as to rate policy. thursday bringing us gdp, delayed because of the government shutdown. it's also expected to fall short of president trump's ambitious goal. we have a central bank decision from the bank o

i am ramy inocencio.mp is being briefed on trade talks with china as the talks resume this week in washington. made, earliering indicating he might postpone new tariffs if a deal is close. he is meeting with steve mnuchin and robert lighthizer, who led talks in beijing. angela merkel has used the munich security conference to defend multilateral institutions, drawing a standing ovation from delegates. she took american protectionism to task, calling for cooperation to continue. mike pence drew a sharp response from china as he touted american leadership and single that huawei. -- singled out huawei. >> the united states has always been clear. as chinese laws require them to provide the best security apparatus with any data that touches their network or equipment, we must protect our critical telecom infrastructure. >> people should not and cannot be misled. huawei as a company is cooperating very closely with european countries in the fourth industrial revolution. we should all work together, and chinese

inocencio. this is bloomberg. shery: president trump is being briefed on the trade talks that wrapped in beijing last week and will resume later in washington. ros krasny joins us from d.c.. does it mean we are headed for the extension of that march 4 deadline? ros: that is certainly what we are hearing from some of the forces in the u.s. president trump is being flexible on not having that march deadline be as hard and fast as we thought a bit earlier in this process. there were talks last week in beijing as you mentioned and more talks coming up in washington this week. it feels like the exchange of ideas is running thick and fast. president trump met with all of and ap trade negotiators trade relators and economic aides on saturday. he is spending the weekend at his club in florida. everybody across the spectrum for him from the trade hawks like peter navarro to those who are more free trade like wilbur ross and steve mnuchin, the treasury secretary, he certainly got a good rundown of what transpired in beijing

ramy: i am ramy inocencio in new york.e battlefield and china has become more crowded with the arrival of tim hortons. the canadian company opens its first mainland outlet in shanghai later tuesday. it has huge presence in its domestic market but has struggled to build a loyal following overseas. it faces competition from starbucks, the duncan group -- dunkin'group and others. haidi: a committee has been formed to arrange a debt resolution for the beleaguered investment group. the group is led by the export import bank alongside and industrial bank and development bank. they missed a local bond payment last month and has been caring $34 billion of debt -- carrying $34 billion of debt. the streaming service plans to introduce its platform in india in the next few weeks. a court action escalates the long-running dispute between the two companies. warner has not offered a license for its music and says if radioy want to use indian stations to stream songs anyway. haidi: let's take a look at how asian markets are shaping up. d

fue tdestituido >> 3 dÍas despuÉs que noticias telemundo investiga hiciera pÚblica la denuncia, inocencio miedo. >> pero de nada sirvieron las amenazas segÚn nos confirmÓ el instituto nacional de inmigraciÓn, ha sido destituido como delegado de este organismo en reynosas tamaulipas >> me pidiÓ deportar 3500 dÓlares por cada persona la Única manera para salir de acÁ >> hay mÁs testigos como esta exfuncionaria que trabajÓ para Él. >> cuando estuve trabajando ahÍ muchas veces los extranjeros querÍan hacer llamadas estaba e seÑor robando los telÉfonos de los extranjeros para hacerles extorsiÓn a las familias >> estuvo preso en el 2011 cuando era director de la prisiÓn de reynosa por facilitar la fuga de 17 reos el gobierno mexicano aÚn no ha respondido por quÉ tenÍa en nÓmina a un funcionario con antecedentes penales, pero sÍ h habido reacciones como la del expresidente calderÓn. >> junto con Él hay otros funcionarios que tambiÉn estÁn siendo investigados por este presunto caso de corrupciÓn josÉ >> muchas gracias. >> el papa de kate del castillo no estÁ de a cuerdo con el "chapo" guzmÁn se q

i'm ramy inocencio bloomberg's world headquarters in new york. >> i'm sophie kamaruddin in hong kong.e are counting down to the market open. haidi: here are the top stories we are covering in the next hour. trumps says trade talks were productive as the clock ticks down to friday's tariff deadline. theresa may seeks for concessions on breaks it as she delays the vote again. by insists it can happen march 29. presidenteeting with trump, the white house praising china's help in supporting these talks. ramy: let's get a check on how markets closed last week on friday as we head into your asia-pacific trading day. these percentages. these are the best performances in the past week for both of these indexes. the nasdaq is actually the highest in nearly two weeks, up by nearly 9/10 of a percent. the u.s.-china trade talks are seeing a little bit of a boost. the chinese delegation saying hey, we will stick around longer to continue the talks. we are down to the wire here in the united states. one more week until the march 1 deadline. we have a lot going on not just with u.s.also in hig and n

i'm ramy inocencio. this is bloomberg. asian stocks pretty your fork following -- pretty euphoric falling gains on friday. the u.s. certainly made up for it. it is all bound to signs on the economy looking positive and trade discussions like was. thed: let's get more on trading action. mark, good morning. who do i think for this risk rally? mark: i think there are a number of factors to thank. overall this year there are two big macro certainties and we are getting positive news on both fronts. one side is at what point will the china policy start to future growth. on friday credit dedicated boost to that idea. that is one element that has been positive. the bigger one is trade talks. certainly the mood is optimistic based on the weekend. comments from the u.s. administration. at the moment, we're looking positive on both fronts. the fed turned it dovish earlier this year and we had assets become extremely discounted at the end of december. overall and make sense assets are trading well, and this will continue until one of

. >> lo bueno es que hay foto que este personaje inocencio, pero ¿ quÉ mÁs se sabe de Él?.ene prontuario. >> tiene rÉcord criminal. >> exactamente, sin embargo, sigue siendo un alto funcionario del gobierno de mÉxico en reynosa, eso es increÍble. >> la verdad es una vergÜenza, ahora ¿ quÉ pasa de aquÍ en adelante despuÉs de esta investigaciÓn que has hecho?. >> lo importante ahora es que la comarca, es la comisiÓn de migran migrantes del gobierno de mÉxico llegue a este refugio y saque a los migrantes en peligro porque les estÁ tocando pagar extorsiones y si no pagan o no tienen dinero para pagar se quedan ahÍ, tienen que salir de alguna forma porque es ilegal que nos tengan retenidos de la forma en que estÁn en este momento. >> claro, no se pueden q tambiÉ, no es posible que los tengan aÍi como una cÁrcel. es ilegal lo que esta este ojalÁ la justicia de verdad se haga en este caso, da pena que pase esto, muchas gracias juan. >> a ti felicidad. >> al regresar en noticias telemundo mediodÍa, tener buen crÉdito es fundamental en este paÍs, vamos a conocer las nuevas normas pa

remy inocencio has more on this.aughter -- dollar, always something to blame. ramy: also the lack of interest when it comes to sedan. but of course when it's freezing, the last thing you want to do is go out and buy a car and drive around. that's what's happening. fiat chrysler and honda blaming the cold for this, but really it's disappointments across the board when it comes to what's happening. let's show those numbers and i'll walk you through them. miss, miss, miss, and miss. fiat chrysler, analysts estimate were at 5%. same narrative were with toyota, honda, and nissan, honda not only blaming the cold weather, but the shutdown, saying things slow down a bit. pledge -- plunge of its sedan. stores not only were shot, but they were working on skeleton staff if they were open. let's look at the screen. i can show you where we are in terms of sales forecast, sales growth for the u.s. 60.60, that's in millions, 60.6 million cars sold the past year -- 16.6 million cars sold the past year. we were expecting 16.9 million

with themy inocencio latest on brexit.chinese stocks continued a strong start to the year, the market still has room to run. we are hearing from ubs wealth management, next. this is bloomberg. ♪ >> how great in your assessment is the threat for china on cyber? >> we have to be aware that we are relying on their technology for critical infrastructure. a sense of caution filtered into chinese market sentiment amid signs the authorities may be nervous about a rally that they helped debate. the index dropped more than 1% of the close following its biggest one-day gain since 2015. the securities regulator warned of an increase in unregulated margin debt. can chinese markets maintain the bull market momentum? ubs is maintaining its positive stance. joining us is the bank's head of securities -- equities. great to see you as always. bull, have been a china it's been a difficult few years. what is the basis of this rally? a lot of it came out of these kind of remarks from president xi jinping suggesting that they are pulling back

ramy inocencio, what is really interesting is that these are a broad slowdown.le's, twice as bad as that. ramy: exactly. -- apples numbers, twice as bad as that. ramy: exactly. let's take a look at the negative reaction on the share price first. over today's trading day, it fell by .6%. not so bad, you will say, but this is the first time that it's actually seen three days of falls in the last six weeks. 5% over these three days here. that's flip up the board because i want to walk you through this. apple down 20% for the first quarter of 2018. shipments into china. he met the orange bars, this is also the share of each company from huawei, gevo, apple, and xiaomi in the company. apple has a little more than 10%. as you are alluding to about huawei, huawei rose by more than 20% year. it also has the biggest share in the country. coming in just under 30%. we can see that on the flip side of things, xiaomi not doing well at all. it has some issues with inventory as well as internal restructuring. the shipments all by a little more than 35%. it has about a 10% shar

. ♪ rami welcome back, i'm inocencio in new york.idi: just recapping the breaking news at the top of the hour, we have a report according to people familiar with the prime minister teresa may is considering a potential delay to that brexit deadline. course, as the clock ticks down to march 29 for the for the u.k. to exit the european union and the state of disarray with a deal. considering a plan to delay brexit. the plan that she is expected to debate within her cabinet on tuesday at a crunch meeting or a otentially a vote revelation of a conclusion made on the following day. does go some way to stop the expected from ns her own party from e.u. upporters there and risks disenfranchising some of the you'ro skeptics within her own as well. the markets are seeing that pop bit e pound potentially, a of a fad relief if just a kicking down the road later on. take a look at what -- really a tale of two markets as out ook at the asset class there. >> let's go right to the did hot because, yes, we have stocks maintaining the biggest gain in

i'm ramy inocencio bloomberg's world headquarters in new york. >> i'm sophie kamaruddin in hong kong. down to the market open. haidi: here are the top stories we are covering in the next hour. trumps says trade talks were productive as the clock ticks down to friday's tariff deadline. theresa may seeks for concessions on breaks it as she delays the vote again. she insi

is rainy from new york inocencio. that could have been a big headline.egree is a speech offering anything to trade around? >> that could definitely have been a headline, but it is not. this does not change the needle whatsoever with regards to every single policy initiative he spoke about. basically, he was rehashing everything we could talk about for the two years of his presence. one -- presidency. one interesting thing is there were some levels of bipartisanship and respect. some levels of uplift we were not expecting so much over the course of this presidency. for example, he gave a shout out to the women of congress saying that there were more women serving in congress van at any other time in history. at one point, congress broke out in happy birthday cheering for a holocaust survivor. he did say as expected, the state of the union is strong, and early on a my he talked about how strong the economy is. andjobless rate is 4%, thanks to lower taxes. he spoke about infrastructure, how that could be an area of a bipartisanship along with prescription d

ramy inocencio has more on this.,000 barrels a day cut they are expecting for demand and global growth right now coming from the cartel. this is to the level of 30.5 9 million barrels per day. if you look at the chart behind me, you can see that this would be the third month running if they were to do that, so in december of 2018, that was a little more than 700,000 barrels per day that was cut. 800,000 barrels per day for january of 2019. 240,000 here. we can see that this pulldown is trying to boost the oil price. i will show you exactly what has been happening as well. december january period, you can see this little trough. to takese started offense, we saw the price of oil for brent as well as of uti both rise. with that said, it is down by 25% since its high it hit in the october. wti both rise.f with that said, it is down by 25% since its high that it hit in october. as we look ahead, one big elephant in the room i suppose that we all know about is what is happening with u.s. shale production. this is in the g

nejra: joining us from new york is bloomberg's ramy inocencio. good to see you again.ou have been up for hours and hours. run us through the highlights. >> sure thing. the things that will be remembered is the topic of immigration and the economy. to immigration, you just went through a little bit. the wall, $5.7 billion of funding. he will still be pushing for that, the words still ring in my years, "i will get it builds." he said there was no national emergency and he will not do a declaration. there were thought that maybe he would do that to get around the blockade in congress. time thate a lot of did not take a lot of time during the speech, devoting a lot of time saying quote fear mongering, large organized caravans coming to the border. he called it a tremendous onslaught, and of course we know what is happening with the shutdown. will we be in the same place again? on the other side of things, the economy being the big thing. didn't tout the economy at the jobless rate, manufacturing jobs bouncing back from 2010. is whether then gdp growth in the u.s. has been