betty: culture?teve: when you assemble a group of strangers, a lot of people that you mentioned were not well known to the person who hired them. living firstlike a date when you get married. betty: like a blind date? steve: some of these were like blind dates. eachliterally had not met other and you start on an adventure like that -- it is not easy. rex, he is a very good person and he is a distinguished guy. he is smart and he is experienced in the world. the fit between the two individuals didn't fit. he briefs theeo, president every day. date,s not like a first so these two guys get along. he knows his craft, he is well-liked, and he is experienced. sometimes when you make changes, change is always shocking because people get used to the world as it is. on the other hand, i think the two people who have come in our qualified and strong. betty: so you are confident? steve: we will go on the next adventure, if you will. betty: that is a good way to put it. if you look at the turn in the white house

betty: we have hurt u.s.usiness from amazon to walmart talk about how this is going to be best this is going to hurt the u.s. consumer. some of this depends on the list a half, and also, is it really going to be true? is it really going to hurt consumers in the end? wendy: we will meet to see what is on the list. to be industrial products like machinery and other products or is it going to include footwear and apparel and the products we are used to b uying at department stores? haidi: are these concerns that president trump thinks he is addressing that she looks at trade deficits in china and this clearly tells us america and american companies have been taking advantage of all these years. is he right and what should he be doing if not trade tariffs? wendy: i think his concerns are absolutely valid. with half concerns over the years of weak ip our production in china along with the practices of technology transfer. we had made progress and the issue is getting worse. i agree with the concerns, but what i do

betty, thank you so much.looking ahead this friday when the department of energy comes out with its most region -- most recent report on oil supply. here are pictures. we talk about cushing a lot, what is it? let's flip the screen to the first terminal charge. i want to show you what we are expecting here. 1880.btv million barrel hike and we are expecting that to rise higher to the 2.5 billion barrel area. if this happens, this will be the third week in a row, and over the past six or seven weeks or so, it has been on the rise. definitely a rebound from december as well as january. this swooped this, down and this switch higher. i showed this in my next chart g #btv 379 three. this is the first time it has fallen in the past few months. the blue is the big concern aat opec has because this is 10 million debt -- 10 million barrels a day on track for the 11 million barrels a day that folks are forecasting. rising inventories, rising supply is definitely having an impact on the oil price. let's look at the board

betty: i'm betty. the dollar comes back after today's of decline, but continuing trade tensions may push it lower again. bradscuss all of this with . let's talk about the dollar year. it has been on a significant downtrend. if you see anything -- do you see anything changing this course? >> there are a lot of fundamentals that are good for the dollar. the u.s. that is hiking rates because of the underlying support from an interest rate perspective. stimulus is coming down in the form of taxes from trump. those are positives. at the same time, we have escalating trade tensions. intoeally rolling over affects, too much, but depressing the dollar a little bit. to the extent other currencies are rallying more than the dollar otherwise might. betty: like the yen? like the yen and emerging markets. it is a repricing of expectations for those banks. betty: what would fed raising rates be supportive of the dollar? they have been doing so but the dollar is declining. brad: you're right about that. at some point

betty: i am betty liu in new york.t is 7:00 p.m. wednesday. the wto says they see the first signs of a trade war that could derail the global economy. , amazonief for facebook is the new punching bag among the fang stocks. ♪ betty: another way to end the week, with a whimper, at least in the u.s. we have one more trading day, but it is not setting up for any bright spots in the asian market. let's pull up what happened in the u.s. markets. we did see choppy trade, directionless except for tech shares, the s&p lower 0.3%. the dow, flat. the nasdaq down about 1%. named are a tech titan zuckerberg ormark elon musk, you're not having a good we get all. -- a good week at all. 2/3 of the markets open. we are expecting robert lighthizer to lift out these tariffs on chinese goods from now until april. a lot to focus on the next 48 hours or so. betty: a lot indeed. let's turn to what happened at the u.s. market closed today. nasdaq on pace for its worst monthly loss since january 2016. now set-heavy nasdaq for a 6% loss in marc

betty: i'm betty liu in new york.et to the first word news with jessica summers. >> thanks, betty. facebook is drawn scrutiny from the congressional committees over its mishandled data scandal. the federal trade commission is investigating whether facebook violated a 2011 decree over handling private information. at the same time, cambridge the ceoa has suspended saying the comments have been unacceptable. the uk's only offered a bare-bones deal after brexit. they can access the financial markets only as long as the british are seeing as credited. arlene foster spoke exclusively to bloomberg and they said they take a lax approach to brexit. >> i hope we can talk about the trade relationship and what it will be, as in terms of northern ireland, we want to work with our neighbor and the republic of ireland in a pragmatic way that is good for both of us. let's cut out the aggression and move on to doing what is right. and the finance minister said it could be weeks or months before new governments are formed. hasanti-imm

betty. -- on china. betty. betty: plenty more indeed. we will be talking about these headlines.right now, both in china and in japan. both of those with those governments, but let's quickly check on how the markets are shaping up. for theetting ready markets to open. in new zealand, as you can see, we are continuing some of those gains, up .3%. in australia, also looking like this. let's pull it up. the s&p just a touch softer. , a slight dollar softer bid, slight softness in the aussie dollar. yvonne: certainly going to be one to watch. expecting things to back track when it comes to equities. dollar-yen continues to see strength heading back into the yen. 106.28. closer to 100 as the political scandal involving the finance ministry gets further deep and further involving around shinzo abe and his life as well. plenty more to come in the next hour of "daybreak asia." theill talk on trade with silk road associates ceo. this is bloomberg. ♪ yvonne: we are live from bloomberg's headquarters in hong kong. welcome to "bloomberg markets: asia." shinzo abe saying that the finest chief

ready. -- betty. betty: mike mckee.e week goes on, the focus on central banks gets even whiter. the federal reserve announcing its key rate decision on wednesday. kathleen hays here with more, watching the fed. decision for big fed powell to leave his three hikes or speed up the pace and 2018 to four. no doubt, in the market's mind, the fed will hike the key rate from 1.5% to 1.75%. as fedl's challenge chair is this is a turning point. how should he respond? how should he lead the fed now? let's look at the reasons to move to four hikes instead of three. wages are starting to rise. that should boost inflation to hit its 2% target this year. some say, by the middle of the year. the fed has to avoid an economy that rises too fast and starts overheating. the economy into reverse. we could have bubbles. who knows where. that is another reason to speed it up a little bit now. let's look at the reason to stick with the feds consensus from december of last year, for 3-2018. inflation is the lowest 2% target at 1.5% on the head

betty: i'm betty lou.na is rewarding shareholders by paying out its entire 2017 net income in dividends. the biggest oil and gas company in china said they will get investors $3.6 billion for investors. china is recovering from its worst performance in previous years. the prices of oil bolster production. wynn sold his stock and cut his ties to the company he founded. he stepped down as ceo in the month after denying claims of sexual misconduct. he gave a competitive -- competing company a 5% stake in the company. their pricing shares are range atincreasing $21 apiece based on the number one -- dropbox should make it debut on friday in the market value is it about $8.2 billion. yvonne: i will take it from here. from the look in the next couple rich.rs, let's bring in the former if a senior official and former ambassador to vietnam, we will be talking about the impact in this part of the world and what can be retaliated with. he is a senior vice president of the business and we will talk about that. we're l

this is bloomberg. ♪ betty: i am betty liu in new york.em heavy look in sydney and you're watching "daybreak australia". a quick check of business headlines. financials has relied on money from obscure part of the market and seems to be drying up and has sold assets back to securities tied to consumer lending. down 74% in the previous three months and tech giants a wrapping up consumer lending to meet surging demands. betty: insurance is planning an ipo of its management unit that can raise as much as $3 billion. where told the insurer has picked goldman sachs and jpmorgan another banks for a potential listing in hong kong by september. millionght raised $60 in a 2007 annual report. haidi: the former chairman of insurance has gone to trial of masterminding a $10 million fraud and ordered financial statements to pop up capital. court documents allege wrongdoing dating back as far as 2007 and he is the first executive to be publicly filed on corporate the risks. let's get a look at markets as we had into the trading day. easterzealand we hav

betty: i am betty liu in hong kong -- in new york.is a investment strategist at mainstay. and joining us also is kathleen hays, who has been watching the reaction to the fed. david, i know you were on your way here. i don't know how much you got to see of the powell press conference. but what did you make of what he said today? david k: the statement referring what we know,ed we have a strong economy. if you look at the fed rate outlook for this year, next year, whether we get three or four hikes is this year, we know what the path was higher. betty: was it clear to you? one found at the comments from powell quite unusual, were his words. you have the expectation of three rate hikes, but the and 2020 seemed not to coordinate with the forecasts being put out. david k.: we are seeing more dovish outlook this year, even more hawkish in 2019, 2020. was aas interesting too statement that stocks and real estate prices in some areas may be stretched. it goes back to when a fed official talks about stocks, they rarely say they are undervalued

betty: and i am betty liu and new york.hich will allow companies to trade stocks which have been suspended from dark , offering traders a legitimate way to hide orders until there is enough interest to trigger a buy or sell. yvonne: bitcoin has long been declared to the.com bubble. morgan stanley says that the performance is like the tech boom and bust on steroids. it says it mostly mirrors that movement of the nasdaq in the lead up to 2000. prices of bitcoin have fallen 50% each time they have dropped, before rebounding. betty: united technologies ceo sending his retirement but not until he has competed the merger with another company. he says that he discussed his exit with the board, a process that is expected to take up o to three years. staying in tech, uber has suspended tests of its self-driving car after the first pedestrian death was caused by one of its autonomous vehicles. bloomberg's eric newcomer has the details. eric: a49-year-old woman was hit by a self-driving uber in arizona, the first amatrice happen. halt

betty: what was?ld: that president xi be in the party constitution, and would essentially be the chairman for life. at the same time, this did not need to happen now. there did not need to be a formalization of this now, and it is a bit odd. it probably comes from overconfidence or insecurity. of the president. the reality is it was always done, so he did not need to do anything formally, but he did do something formally. i think the problem is not with the short-term. the short-term markets will like this. betty: he has even more power to do that. leland: his fingerprints are on the economy right now. the problem is you look down the road to the medium-term. if you have a currency crisis, and you will over the next 18 months to two years, it is very jinping'svorce xi economy or country from what is happening. he will be involved in part of this and it will be harder for others to take blame and him to cast blame. betty: how do you think this changes his dynamic with different leaders? i am thinking o

this is bloomberg. ♪ betty: good morning i am betty liu in new york.i am haidi lun in sydney and you're watching "daybreak australia". asia wakes up to a expected rate hike, and jay powell's first meeting, we see reactions. he sees little impasse the markets coming through the rate hike, closely monitoring fund flows as asia reacts. we will see most of the reaction taking place in asia currencies given the fault of the u.s. dollar. betty: it is interesting to see that reaction in the dollar and the steepening we saw in the yield curve here as well. -- how issing through a different central banker and unlike others. sorting through what he is like and also what the statement said as well. someone who is always under scrutiny and people parsing what he is like his elon musk. he is not short of the odd dollar come and shareholders approved every pay package of $2.6 billion. compensationcutive -- this is the against corporate compensation package of any ceo? tell, 10 as we can figures. betty: shareholders don't want him flying off into space? is that a leg

betty: i am betty liu in new york. it is after 7:00 p.m. this tuesday.estricting investment in industries like technology. has led beijing -- we will discuss the geopolitical implications. ♪ yvonne: more bad news to add on to risk aversion. breaking gdp numbers from south korea. the fourth quarter final numbers missing -- missing estimates. we are at 2.8% to wrap up 2017. we talked about how investment has slowed, a slump in the auto sector weighed on exports. perhaps this is more weakness than we perceived earlier. it is interesting, we're adding on to more bad news. yesterday we talked about how everything is a buy. these price swings could go either way. betty: even talk of tariffs has an impact on stock prices of companies. and exports, going forward. fourth-quarter gdp numbers adding on to the concerns not only in south korea, but elsewhere. watchinghe u.s., geopolitical tensions and trade tensions that continue to affect markets. let's pull up the boards on how we ended the day's trade. red, the popular color. the s&p and dow, down almost 2%. the n

betty: i am betty liu in new york.er a legal matter that predates his appointment. the bank has not identified the issue, but said he resigned to preserve the company's general interest. socgen is under investigation in the u.s., for bribery in libya. yvonne: shares fell on worries of suppliers keeping up with the pace of production. spirit air facing hurdles in boeing's most737, popular planes. boeing wants to produce 57 of the jets by the end of next year. betty: in the next hour, samsoniteo that, chairman going over what it could mean for the travel industry. this is bloomberg. ♪ yvonne: we are live. yvonne:welcome to daybreak asia. thought -- stocks under pressure. opec saysis slide as reduction from independent rivals will be a big deal this year. it is just after 8:00 on this wednesday. justin trudeau confident that the nafta deal will succeed. he says it will be a win, win, win situation. larry kudlow is the white house choice to replace gary cohn. he is seen as a trump key player. ♪ we are hearing from justin t

betty: i am betty liu in new york.eadlines, imd said oil could fly back below $60, with surging u.s. shares to asia's undermining the opec cuts. american crude gained a greater slice of the asian market last year, and that could prompt producers to raise output. img said the crude rates could go down again, forecasting at $57 in the second half of this year. acquireon is set to from its local rival, changing the game when it comes to german energy. the complex $27 billion deal would see a on merge with the , rwe wouldle both end up with a larger stake in e.on. they are the largest with 10 billion euros in wind and solar storage. betty: consortium of jet airways, delta is set to be understood in india. the modi government wants to break up the carrier into four separate companies and selloff 51% in each of them. air india has $8 billion of debt , five subsidiary companies and a combined workforce of 27,000 people. that is just about it for daybreak australia, but yvonne and betty are back. what are you watching? yvonne:

back to you, betty. betty: thank you so much for that thorough report.sian correspondent. a top story never far from a topic in china, north korea. president trump signaling he is open to talks after kim jong-un indicated he might give up his nuclear weapons if his regime's safety is guaranteed. out, sayingeadlines the u.s. is adding further north korean sanctions over the poising and killing of the half-brother of kim jong-un, several months ago in malaysia. while we are talking about overtures, at the same time, the u.s. ratcheting up sanctions against north korea. let's discuss this with a university professor. let's first take these overtures, these comments from president trump saying he believes the north koreans are about a breakthrough, about talks. you think anything has changed? >> i really don't. if you look at what was agreed upon on march 5, very little of it is new. the north koreans a bully said they would be prepared to denuclearize, if the americans were to give them a complete security guarantee and abandon their hostile policy. the pro

betty: and i am betty liu here in hong kong.ion in 2017, a 50% jump for the big lenders. ramy inocencio year with the bloomberg terminal chart. ramy: looking pretty rosy as we look into the earnings week. taking a look at the figure you just mentioned, a 2.9% growth year on year. it looks even better when we look at 2018, estimates were a .1%. this is because of china's faster than expected growth, nonperforming loans that are falling and rising interest rates. let us go to my first bloomberg terminal chart, g #btv 5099. we are seeing in white, the agricultural bank of china already out. tencent up earlier from about nine cents a year -- nine cents year on year. citic, upe are seeing 16% year on year. looking ahead, china construction bank and pink as well as in yellow, industrial commercial banks, icbc, with our expected to see rises. #btv 7405,rt, g creeping up. --agbank up,.5% ever since 2014, for the big rise. we expect this to happen come as more of those banks continue reports later this week. , claimingte chart interbank

betty: i am betty liu, in new york. the finance minister failing to block president trump's tariffs. they also blocked their resistance to protectionism. yvonne: it is all go on amazon, their market caps surpassed google's parents, alphabet, for the first time. ♪ betty: as amazon shares continue to rise, we see facebook shares continue to fall for a second day in a row. that led other tech stocks down. i want to pull up a chart, g #btv 3295. that despite the drops we have seen in technology shares, the nasdaq 500, the 60 day moving average seems to be a support level. a buyinghere is still opportunity even amid some of this turmoil caused by facebook. yvonne: we talk about how these are stock-specific moves we have seen. divergent today from facebook, the rest of tech doing much better today. to find to dig deeper winners and losers in all of this when it comes to you westech overall. betty: looks like most stocks managed that rebound. ending adding on points, up almost 0.2% higher. the dow rebounding 117 points. nasdaq

betty: and i am betty liu and you are watching "daybreak australia".cks are searching back on monday from the biggest weekly route in two years, although there is waste to go to make up for all the losses we have seen so far. joining us now from minneapolis is the senior falla manager at columbia threadneedle, can you make sense of these wild swings? -did one day and 600 in another? you look athether the equity or bond market where i am focused, i think a lot of market performers this year has been about expectations and one of your previous contributors pointed to the expectations of earnings in the s&p rice 21% this year. we know taxes are a nice tell went, but expectations are high and yet they such a confidence in expectations like on a trade side, as we have been dealing with the last week, that can create volatility and that is what we are seeing with expectations. come: we keep hearing that at get used to volatility, but why are you focused on the bond market? where wewe think about pricing has been in financials, it has been on the bond market

betty: i am betty lou in new york and we're at 6:30 p.m.hing "daybreak australia". >> the new york times says robert miller's team has subpoenaed the trump organization for business records related to russia. the company told the associated press that the story is old news and has been fully cooperative with the dealer investigation. u.s. assets should several russian businesses for meddling in the u.s. election. chinese holdings and treasury fell to the lowest since july after investors turned sour. totfolio bonds notes sank $1.7 trillion 1.18 a month earlier in the last one market and its worst january is 2009 budget due to fear and inflation of aggressive rate hikes. snd was farmers is saying it i planning to spin off coles markets, subject to board approval and third-party consent. 2007.mers bought coles in after an adlunged asked if users want to slap rihanna or punch chris brown. snapchat removed the ad and apologized. rihanna was a victim of domestic violence while dating brown in 2009. female staff less than male colleagues and is t

betty: a gorgeous day shaping up there."daybreak: asia." let's get to the first word news. xiy: a key ally to president said to be from the people's bank of china. they say they have a person to report on performance and policy. the incoming pboc governor says he will continue to introduce more currency reforms. he also pledged to maintain that drive too diffuse risk. risksany external threaten china, i think the current inking system, insurance -- current taking system, placence and what is in leaves china able to mitigate those risks. ramy: tim cook has saluted china's growing tech prowess as a trade war looms between china and the u.s. he says china's at developer community have more downloads than any other single nation. he said "china no longer simply build swings, in dreams them as well." state media listed companies vulnerable to a trade war and apple was on the list. company has taken out ads to apologize ugly for not doing more to prevent the mishandling of user data from -- data by cambridge analytical. there hav

betty: i am betty liu in new york where it is 6:30 p.m.he first word news with ramy inocencio. ramy: the wall street journal is reporting china will name a new successor at the pboc. he joined in 1997 and for the past decade has served as deputy or the national people's congress is certain to approve him. president trump has launched his most direct attack so far on the justice department investigation into alleged russian meddling in the 2016 election. he used mueller's name for the first time and said this probe should never have been started, and uses capital letters to call the investigation a witchhunt. the president attacked former fbi director john mccain who was fired on friday. the south korean foreign -- the unitedthey states surprised north korea by agreeing to a talk. they believe the north korean leader is considering his position before responding publicly. congress says seoul and washington have made it clear nothing is being offered in return for the talks. asean summit has agreed to get north korea to those -- its nuclear

betty: i am betty liu in new york.t is just after 7:00 p.m. thursday evening. good news for broadcom. after a bruising week in washington, earnings are in line with estimates. -- hethe end of the line has led the pboc for 15 years. ♪ in another three years at looks like we are going to be here in a recession in the u.s., if you look at key market indicators. i want to pull up a chart showing you some of the market indicators, as calculated by bloomberg, looking at credit spreads and the yield curve. it shows there is now a 100% probability of a recession in the next three years. data,an looking at their saying that probability is 72%. it begs the question, may be on the one hand it is right for the and onbe raising rates, the other hand, are they raising rates going into a slowdown in the economy? at least if they have rates a little higher, that gives us is true thet economy slows down to a recession. yvonne: it is interesting, that jpmorgan call, twilight of the cycle they call it. think of cycling out of equities an

betty: it is after 6:00 in new york. i am betty lou.e are looking at how all the action on wall street will play into the asia-pacific trading day. i guess if you wanted to hide from the news, you would take that perth to london flight so that you might not have to hear and read about all the noise in the markets. we had quite a day on friday. let's take a quick check on how we ended the session. the s&p down 2%, the dow losing again over 400 points. the nasdaq also lower by almost 2.5%. the worst week we have had on the s&p in two years. lots of ways to measure it, but the bottom line is a pretty scary risk off trading session on friday. haidi: yeah, you had that classic sort of sinking into safe havens with gold seeing a bid, treasury seeing the rally. another sort of monstrous set of options set this week. take a look at the set up in asia. we are looking lackluster as we go into what will be a holiday shortened week even though we have easter weekend. shattering global markets including australia and new zealand. the new zealand ban

betty: i am betty liu in new york.athers for its annual parliamentary session starting next week. our china correspondent tom mackenzie joining us from beijing. how does this impact china, tom? tom: speaking to an analyst yesterday who has close ties to the u.s. embassy and u.s. there was a sense of the pressure from trump and his administration is being felt very much here in china. the fact he is acting on that campaign rhetoric now, whether it is the tariffs on solar panels or washing machines, stee travel they it is are concerned about when it comes to the u.s.-china trade relationship. defendinglighted by the economic adviser to washington to try to dial back these tensions. what i have also been told is, a key concern is less about steel and aluminum, and more about technology transfers. --re is the ip investigation ip violation investigation in washington now. there is foreign innovation, foreign capital to help china tackle major issues. whether that is moving up the food chain when it comes to manufacturing, o

betty.nk of japan nominees says policymakers have the necessary tools to eventually withdraw from record using. he taught his confirmation hearing the boj can adjust on yields in a stable manner when the time comes for normalization. governor haruhiko kuroda says he will probably begin discussing an exit after april next year. former italian prime minister matteo renzi quit as leader of the democratic party after its poor showing in sunday's election. he said the centerleft party will not join any government led by the anti-immigrant league where populist five-star movement. those partiesh of represent and anti-european is some he would not support. meanwhile, reports from japan's a kim jong-un has agreed to meet moon jae-in. tilde quotes and north korea news agency, caseinate, for the story, and the news comes after south korean envoys -- it was the first time he met a delegation from seoul since he took power in 2011. it will fly to washington later this week to brief the trump administrat

betty: i am betty liu here in new york. it is after 6:00 p.m. on your sunday evening.alling forump tariffs at home and abroad. america's allies won't be exempt. signaling another exit and a step toward the end of the easy money era. >> no shortage of disruptive moves to the ball and the equity markets here. this is the seat majority here. there are these threats. i went above this chart here. this is the bull market, g #btv. the percentage of consumers. this is the white line that still leaves we will see an increase in the stock market in the next year. why is this important? i wouldn't said that consumers are great stock market predictors but as long as they have the confidence of u.s. consumers to make up a majority of economic growth, you might still be ok here in the markets. just to say whether markets ended on friday, these were the mixed clothes at the end of the session. you have the s&p and the nasdaq climbing. you can see it falling about 71 points. saye the consumers might this. >> this a better with a close, that could be a good tailwind here in asia. that

betty: and i am betty lou in new york.as the ceo of goldman sachs which means harvey shorts is out. ramy inocencio you has the latest on this. ramy: he did say that he was leaving monday morning. no surprise because they had been vying for it for the past few months ever since gary: left and went to the white house. referred,s very much at least in a large part of the company, because he had been for 10 years, in the investment banking division. actually the most profitable division. . when lloyd blankfein looks to see who is doing the best, obviously he gravitated toward salamat in this way. with that said, harvey schwartz did head up the finance risk when he was cfo for nearly four years. supporters but also his detractors. looking ahead, a lot of people are not really sure one blankfein is going to step down inhe may actually do it 2019, when the bank celebrates its 150th anniversary. they'reks think that -- asking, what is a david solomon going to do in the meantime as heir apparent? it is his to lose. betty, did you k

i am betty liu.e will be looking at how all of the action on wall street will play into the pacific trading day. we are waiting the results of the elections in italy. we have the national people's congress in china kicking off a lot of economic data to digest. including, at the end of the week, fridays nonfarm payroll reports. week --u can imagine a the week it will be for the markets. inuick check of the markets the u.s. on friday. you can see the mixed session as traders and investors are digesting the impact of the tariffs. the s&p closing 0.5% higher. the nasdaq gaining. you can see some traction, up 1%. confusion in the equity and the bond markets leading to a more volatile session in asia. have our markets already open. new zealand has been trading for just over a couple of hours. looking like this. currently higher by 0.1%. the kiwi dollar also showing strength against the greenback. more of the dollar weakness story there. futures in australia pointing to the upside after a tapered end to wha

within hours of installing the last rivet, betty and the others took off to deliver the planes.largest airplane manufacturers was bell aircraft located right in betty's hometown of buffalo, new york. >> so i sent around the bell stuff since i began to fly. >> bell was manufacturing a fighter called the p-39. >> everett long is author of "cobras over the tundra." >> the design was different than anything else that the americans flew. >> machine guns and they were quite maneuverable. russians loved them. ♪ >> so much so that russian officers traveled to the bell factory in buffalo and even visited betty's beloved niagara falls. they requested thousands of the p-39s and at bell the planes were prepared for the long trip to the russian front. >> had a red star identity i. >> the pilots pick up the air cobras. >> alone in the sky, betty headed west for over 1,600 miles on a 2-day trip to montana. >> we were on our own. it was hours until we got to great falls and the men took them to alaska. >> alaska was considered an overseas air base. women were not allowed to fly overseas. >> pil

betty yu, kpix5. d a small rese >>> on to our storm watch now, a dam in danger tonight after heavy rains overwhelmed the small reservoir in tuolumne county prompting flood warnings, road closures and even some evacuations. the mocassin dam sits right at the intersection of highways 120 and 49 right at the bottom of old priest grade. macy jenkins is there tonight and shows us the waters are starting to recede, but the problems there are not over. >> reporter: water ripping furiously through mocassin creek. >> nothing to this extent. this is the worst i've ever seen it. >> reporter: just feet away more water rushing through mocassin dam. >> very seldom do we ever see that they open the floodgates on the dam. this is a rare sight. >> reporter: thursday afternoon officials and locals were panicked, worried the dam would fail and cause massive flooding in the area. >> the best news of the day was that dam seems much safer now. >> reporter: just below the mocassin dam -- >> we're going to lose a lot of thes

betty almost paid the ultimate price. in a p-39 over montana. >> i was about 20 minutes from great falls and it could going. i was trying to get it started. and it just wouldn't do it. weren't you afraid someone said. the answer to that is, no. and i actually waited a little too long to get out of the airplane. i bailed out to count to three and pull your rip cord. and so i swung once and came down outside of hobson, montana. i got out pretty late but safely. >> betty showed "war stories" what was left of her p-39. >> this is part of my airplane. it usually has montana dirt around it. i saved some of the dirt. >> to this day, betty believes there was a reason her plane's enjoy failed. >> i think it was sabotaged. and the sign of safety said that it had impurities in the gasoline from niagara falls. >> meanwhile, steve alison was still flying dozens of p-39s to america's last frontier. >> the city of fairbanks wasn't very large but it was the end of the run as far as we were concerned. >> russian pilots as soon as they got

betty: seems like the global economy terms -- turns on a dime sometime.-week where on the brink of a global trade war, the next moment president trump is about to meet president kim. it's amazing. factors seem to be driving this rally in the markets. the volatility from february becoming more and more of a distant memory. yvonne: it's getting harder and harder to cook -- to call the markets. we continue to see green. >> the green light is flashing. coming together after the rally on wall street friday. nasdaq climbed to a fresh . -- fresh record high. the yen slips for a third day extending last week's losses. in sydney we are seeing stocks higher by resource players. oil producers tracking gains in crude as -- groundstocks gaining after it was confirmed australia it would be excluded from trump's tariffs. a win win, saying australia will not make a complaint to the wto. on one of the steel miners on the rise in sydney. earlier climbing over 4%. of the worst performer falling to a seven-month low. let's check in on stocks to watch in seoul. keeping an eye

i'm betty this - after the fourth explosion in that city this month.eporter laura podesta tells us... this latest attack a higher lev >>> police in austin, texas believe a serial bomber is on the loose tonight after a fourth explosion in that city earlier this month. reporter laura podesta tells us this kind of attack requires a high level. >> reporter: police believe sunday's explosion is connected to three earlier bombings in the city earlier this month. >> we are clearly dealing with a serial bomber at it this point. >> reporter: this latest incident happened sunday night. two men in their 20s were hurt while walking their bikes in a residential neighborhood in the southwest of the city. police are asking residents if you see something suspicious, stay away and call 911. >> nothing like that happens around here, you know, that kind of stuff happens somewhere else. it's a block and a half away, so it's scary. >> reporter: investigators say sunday night's explosion was activated by a trip wire. the three previous attacks in a different part of the cit

i am betty liu in new york. income rose highlighting a push in the technology to drive earnings. by chiefined strategist james garner and also bringing in insurance analyst stephen lamb. thanks her joining us. we have been talking about how the business has done well but the real issue has been sent tech and the company talk about getting the part -- tech potential that the company is being undervalued. how are you assessing the situation? last two, -- the

betty yu is in north beach tonight. betty? >> reporter: that fire, the building rather that went up in flames, is behind me. the san francisco fire commission says it wants to educate the public about common firefighting tactics because they say to the untrained eye, it may have looked like firefighters weren't doing enough during this latest big firefight. >> we do normal plans of attack. >> reporter: deputy chief of operations mark gonzales explained to fire commissioners how firefighters do their jobs. if possible, they fight fires from the interior first. the strategy was called into question after this four alarm fire tore through a three-story building with restaurants and storefronts on union street about 10 days ago. as it raged on, so did san francisco supervisor aaron peskin. >> tonight was a total failure by the fire department. that starts at the top. >> reporter: peskin later apologized for slamming the fire chief on the scene. >> there was heightened tension. we have received some criticism. that's the elephant i

kpix 5's betty yu shows us the high-tech new car seat.. that will keep your kids safe even wh >>> feels like summer in the bay area this week. but don't leave pets or kids in a hot car. betty yu shows us the high- tech you this car seat that will keep your kids safe even when the ride is over. >> reporter: eleanor is ready for a ride. as soon as she is strapped in, her car seat is at work. >> cutting off ignition. [ beep ] >> reporter: the company that makes the car seat says the model is the only smartphone- synced car phone see the. it integrates bluetooth into the check clip. >> it gives us reminders to you to remind you every time you drive when that child is in the car because unfortunately, every year on average 37 children die from being left in a hot car and about half of those kids are forgotten in the vehicle. >> reporter: sarah is a safety advocate for the parent company of the seat. it was developed to prevent the rising number of baby hot car deaths. there's been one dead so far this year, a one-year-old left in a hot car in m

. >> the search for answers began here, at the now silent home of betty and lester kester. >> what is happening here is not beautiful. it's not a pretty story. as beautiful as my parents' life was, and as many wonderful things they had in it, the p. vera, it really affected their life in a dramatic way. both passed away in 2008. the p. vera took their lives within about 5 years from the time that they were diagnosed with it. >> ground zero for polycythemia vera in the free world, or in the world in general, was betty and lester kester. when betty kester died, she had decided to donate her body to science for the investigation. >> her body tissues eventually found their way here to dr. ronald hoffman's lab in mt. sinai hospital in new york city. he has spent nearly 40 years studying pv. >> there were too many patients with polycythemia vera in that-- in that area than one could account for. whether the environment or toxins in the environment lead to an increased risk of polycythemia vera is unknown. that's really an area ofesearch and also speculation. the problem is that there are mu

this morning, our betty yu introduces us to face yoga. ♪you've got a friend in me celebrate friendship and beyond at the first ever pixar fest with all new fireworks and your favorite park parades. only at disneyland resort. that could make you look younger. >>> good morning to you. it's a drier start to your day but cooler. your high temperatures today 54 in pacifica. 60 redwood city. los gatos 60 warmer in campbell 62 degrees. in the east bay, 60 in brentwood. 59 in antioch, pittsburg, fairfield a little cooler closer to the water, 58 degrees in vallejo. 60 degrees in pleasanton. around the bay, mostly the high to mid-50s. far north bay temperatures in the 40s for highs. >>> drivers out of the north bay and across the golden gate bridge, this morning, just a few cars out there to kick off your friday morning commute. things are looking good heading into san francisco. at least on this span. we are tracking some slowdowns over at the bay bridge toll plaza. we'll have more on that coming up. >>> a new workout this morning that could make

kpix 5's betty yu jumps on.. to show us how it works: >>> tonight uber has a new two-wheeled option to get around san francisco. >> kpix 5 betty yu jumps on to show us how it works. >> reporter: it's the fastest, easiest, and cheapest way to get around san francisco, according to jump bikes. an electric bike share company. it was grand the first stationless bike share permit by the sfmta. >> it's really a new mode of transportation. it makes you feel superhuman. compared to a pedal bike, it's a completely different animal. >> reporter: in the two months since jump launched, it says more than 20,000 people have signed up in san francisco. jump bikes has also partnered with uber which is rolling out the uber bike option to more users every week. it costs $2 for 30 minutes. you can open up either app and find the closest bike to you. once you get to your bike, you enter in a 4-digit code in the back and that unlocks this u bar. place it here. and off you go. so far there are 250 bikes on the streets. ceo ryan says u

betty yu is in san jose with a look at the push for new legal protection. betty? >> reporter: liz, hundreds of dreamers and their supporters demonstrated outside san jose's city hall today to call on congress to protect dreamers permanently. across the bay area, communities are rallying behind them. >> and we won't be silent anymore. ♪ [ music ] >> reporter: on the day the obama era immigration program known as daca was suppose to end, interfaith clergy and community leaders sent a powerful message to immigrant families and dreamers, people who came to this country illegally as children. >> i really hope that anybody who feels afraid, who is an immigrant, who will see the kind of support and solidarity that they have from such a diverse community, that they heard the message loud and clear. you are not alone. >> reporter: the non-profit faith in action, which hosted the event says its rapid response line received a thousand more calls just in the last three weeks. >> people are scared. people are nervous, people are wondering if they should go back to work or not.

kpix5's betty yu on the arrests and warning tonight for local gas stations. betty? >> liz, fremont police believe the suspects could be tied to a transnational criminal organization with roots in the greater los angeles area. they say the men traveled from southern california to the bay area to use cloned debit cards in areas where they were first skimmed. fremont police arrested these four men from l.a. county who they say used gas pump skimmers to steal credit card information across five bay area counties including alameda, santa clara, san mateo, contra costa and san francisco. it was a fremont patrol officer who first noticed yurio sedski making multiple transactions at a wells fargo atm in january. he ultimately found him with more than $3,800 and 25 gift cards but no atm card. i had brother dennis was arrested the next day -- his brother dennis was arrested the next day after officers found cards, cash and electronics in i had hotel room. last week investigators -- in his hotel room. last week investigators recovered nine bluetooth gas pump skimming devices s