adam haigh is here with us. we had that largely telegraphed move. get it the end of friday, markets were disappointed. we did get the triple cut. adam: we did and it is great. it is delivered and here now and will have an impact clearly. there will be more to come. a lot of people are expecting another one to come later. ultimately the problem is the deleveraging issue for chinese authorities remains. it is a mute point now whether the equity market can get support. have a look at the chart on the gtv library. the shanghai composite is still in a soft place, and it will -- a tough place and it will take a lot of change in sentiment to get the pickup. we will see if we get relief today, but longer-term it is about another tricky situation that the authorities -- the economy is slowing before you get discussion around impact of tariffs. that is what is crucial to a lot of people especially for investors. -- foreign investors. i think for us to push higher, that sentiment has got to swing around and there is no evidence that has changed significantly. y

adam haigh looking ahead to the markets as well as on currencies.get to check our library on your bloomberg terminal. china's ambassador to australia has called for in into the cold war mentality that is straining ties between the two nations. china is australia's most .mportant export market it comes against the backdrop of a potential trade war. joining us from the harvard kennedy school in cambridge massachusetts is fred, a former chair and president of the export-import bank of the united states. fred, thanks so much for joining us. you've been on bloomberg television in the past. we are in uncharted territory, 200 $50 billion all said and done if this actually comes to pass. if you had donald trump's ear, what would your advice the? fred: -- what would your advice be? fred: his criticism of china as a trade chief is spot on. i i had his year for minute, would say let's all do this together. i know that is slowing deliver, but we are more likely to have success if it got australia, japan, the e.u. all going in the same direction versus us going

thank you so much for that, our global markets editor adam haigh.out btv live on your bloomberg terminal. let's take a look at some of the other stories we are watching into trading in china and hong kong. xiaomi is gearing up for the world's largest initial public offering in nearly two years. bloomberg sources say the giant has set a tentative set of terms for hong kong. stephen engle joins us from beijing. what more do we know? reporter: we know what we are hearing from sources, that xiaomi will issue an updated prospectus this morning ahead of the open in hong kong, said to be about 8:00. we are learning as well they have set tentative terms for this ipo. scaled back a bit because of the delay or postponement, or the cancellation, we are not sure -- listing.r as much as half of the ipo was supposed to be in a china depository receipt in shanghai, but that has been scrapped. i will get into that in just a bit. let me give you the updated terms we are hearing from people close to the situation. $17pricing could be between hong kong and $22 each. p

ramy: trade and central banks in focus, adam haigh.orget to check out our gtv library for the charts you just saw. that is gtv on your bloomberg terminal. the week ahead on wall street will bring more earnings and economic data and plenty of headline risk especially for oil. will there be a clash or will there be an agreement when opec members meet? su keenan is here with more. su: it is about headline risk for oil and will the trade war and other concerns weigh on stocks? let's go to the snapshot. we got heavy volume down friday, sets up a question for monday. we don't have a lot of options. you saw bonds jump as demands for risk receipts. let's look at the earnings th coast there is a big parade. federal express reports on the 19th, calling for tariffs on china goods, counterproductive. 5.68 -- $5.68 per share is expected on $7.24 billion in revenue. 11.9 billione -- dollars revenue for oracle. crushed by it got rivals like apple and samsun but some say it has a bullish outlook. back to be a good guide. above estimates. all of that i

the global markets editor adam haigh here with us. the widely well communicated triple cut coming through from the pboc. is it owing to be enough? adam: it is tough to answer, but people want more. they are factoring this in. we are expecting this, and pricing has been reflecting that. we will get another by the time the year is out. overall this shows the authorities are worried about what is happening. from a global standpoint, it is clearly a good thing this move has happened. it will be welcomed. luckily, domestically and in a stock market dominated by retail investors, there is not enough to suggest it will be a big enough swing to get the shanghai composite out of tricky territory. look at it on the chart. this is the gtv library. still a very tough place for chinese investors on the local market, the mainland. they have a lot to work through in terms of how they are managing this slow down, and that is before we get into a situation where tariffs from the u.s. start to impact economic growth. lot of work to be done, not enough

adam haigh.ave been carefully monitoring the recent retreat in asian markets. we have seen some alarming signs despite the fundamentals. yvonne, what is important about what is happening now in emerging-market equities, especially in asia, is the magnitude of the declines we are seeing. money is starting to flow out at a pace we have not seen for years and equities in the region. let's have a look at it in your gtv library on the terminal. this shows you the magnitude of the decline. we are approaching levels going back to 2008 in terms of money yanked out of emerging markets. it's really down to a double whammy at this point as to why this is happening. we heard last week from the federal reserve, the pace of u.s. monetary policy tightening is ramping up, and it has not been factored into the risk assets like emerging markets. been on a bull run for more than two years now. in earnest, this will run started at the beginning of 2016 for e.m. assets, and now, bonds and equities are being hit in ta

looking more at what we should watch in asia, we have adam haigh back with us. comes to the latest negative term -- turn in the trade war story, markets take it in stride. is this different? adam: as we have seen as this is played out over the last few months, and we have seen every iteration will reiteration of these trade talks, it means people have to once again assess the full cross-section of how many industries this affects, technology to health care, defense. the tricky thing for people, and what we won't see for chinese and hong kong markets, idiosyncratic moves within those stocks and sectors. we have to wait until tomorrow for those to play out. done inlation does get some way, shape or form before that july deadline. the worry still lingers. money managers have to factor that in as one of the list of worries on the cards. pretty high up on that. interesting to know that chinese benchmark,n the msci chump in the desktop is the chinese exposer -- exposure you much of the developed world over the last few months. as you say, people wanted to take the oppo

nowleen: let's look at more with adam haigh.ensions are clearly the number one factor and have been weighing on sentiment. are we in danger of overlooking some of the seer -- some of the theories and development? then i think that the trade tensions and developments going on in geopolitics are taking the limelight. but there are underlying fundamentals we nee dto examine. let's look at the fund rebalancing argument. going into the end of the month, there is tweaking around the edges and some money is coming out of equities and giving a pronounced setting. there is also the technical argument. the s&p 500 sitting at a key technical level in the 50 day average. reaction, it is very well to talk about these trade reactions, but as your guests said earlier, it is important why and how the fed reacts. we heard from jay powell earlier saying trade could affect their outlook for economic and monetary policy. have we gone far enough and are set to start dialing back? that is still an assessment people are making. haidi: adam, it looks l

ramy: bloomberg global markets editor adam haigh. forget to check our gtv library for some of the charts you just saw in your bloomberg terminal. intel is facing a leadership crisis after removing its ceo after a consensual relationship with an employee, but a violation of the company's policies. let's get to the heart of this. is this the reason he was ousted, or was it a pretext for something else? >> that is a good question. according to our reporting, he transgressed these rules, someone brought it to the attention of the board, the board was unable to ignore this because they have fired others for a similar transgression rule put in place in 2011. he was confronted and he had to go. is the big question -- succession. where do they go from here? ian: the changes he has made the top of intel has left them in trouble. for all 50 years it has been around, it is hard to this rigid system of developing talent, grooming executives up to the top. the wall street employee base has always known who is next. one thing he did was bring peop

bloomberg's global markets editor, adam haigh. forget to check out our library for some of the chart you just saw adam feature on gtv on your own bloomberg terminal. says the trump administration's terror threats against beijing makes sense as a bargaining strategy and probably will not bring about a devastating trade war. he told the editor in chief what he learned from doing business in china. lloyd: the whole thing with china is a lot of frustration. sudden aggressiveness with u.s. policy. but anybody who transacted with china appreciates the potential to have good experiences and frustrating experiences. and at various times, one or the other comes to the fore. , to be quite honest, 15 years ago almost, set up our joint venture in china. that will lead to us being able to own our own investment bank in china, which seemed imminent at the time. there have been a lot of suggestions that that was going to happen very quickly. availablet is already and often times, that gets announced at the seniormost level and gets into the minis