anna: this is bloomberg daybreak. it is 6:19 a.m. in london. gloom skies over singapore. asia-pacific down by 2/10 of 1%. lackluster response perhaps way mixed positive set of data from the chinese economy. here is ed ludlow. ed: the u.s. government has said zte violated the terms of the sanction settlement and has imposed a seven-year ban on purchases of crucial american ztecompetitive. the national security center warned the country's companies that national securitytechnologt risk by using equipment and services cannot be mitigated. the stock is suspended in hong kong. netflix has posted strongest subscriber growth since going public 16 years ago. the company added 7.1 million users and that first quarter of the year. that is despite raising prices for most of its customers over the last few months. netflix shares rose in

it? julien: this has been a topic that has been with us for some time and will stay with us for some time now. you have to see the big picture. the global economy is doing fine, although you could use those terms to described china or russia. it does not meet necessarily it will follow through with any whatof measure to prevent some people call a currency war. i think the bottom line is this is a topic that will stay with us for some time. we have to be model of that -- mindful of that, but there is no reason to be really worried about those headlines. anna: you say global growth was robust. i have this chart, the forecast for global growth. they do predict it will be a bumpy year, but 2019, some moderation. are you expecting to see some moderation? some people are concerned about moderation in manufacturing data, growth data already in