betty: and i am betty liu in new york. are certain the feds will move. b will noture that ec move. we have talked about it so much the past couple weeks. every day, imf him in an and we are talking about the latest said speaker. we have had so many fed speakers. and the rate hike went from 34%, -- 100%.t is 100% job and employment services company put out their own report two days ahead of the u.s. government. their report showed there were 289,000 private softer -- private sector jobs created. so much so, the bloomberg consensus forecast is now at 200,000. let's jump into the bloomberg and give our viewers a sense of what people take this so seriously. jobsshows us the adp report, the white line. the government jobs report is the blue line. the white line is one month ahead of what we will get friday. backup a month. adpjanuary jobs report, the came in stronger. jobshe january government report came in stronger than forecasted at 227,000. this is why markets, traders, economists are taking it seriously. to theump over int

betty: i'm betty liu.horia did not last for snap with shares falling below the ipo price of $24. shares surged 34% on the first of trade last week. on friday, the stock climbed 11%. on monday, five of the seven analysts who followed the onpany celebrated, while two hold. saudi arabia may be overvaluing its oil company aramco. almost 40% of respondents to a poll valued the energy manager considerably less the estimate than 2 trillion. they saw aramco's value at more than 1.5 trillion. csx has appointed hunter o, giving him a shot at turning around america's least efficient railroad. onreholders should vote whether to accept his pay request of $32 million per year plus 84 million to cover lost income from his previous job at canadian pacific. stock has jumped or than 30% since he was suggested as the ceo. than 30% since he was suggested as the ceo. a rate hike is almost certain. ont of wall street's big trading firms are on board for the rate hike. .athleen hays joins us now we heard charles foster saying th

i am betty liu.e are looking for fed chair janet yellen's discussion or talk tomorrow, but for the time being, we are watching how the japanese markets -- japanese markets are reacting, which shows that the jobs market is tight. up.ation seems to be taking it looks like a recovery is underway. a very slow grind. the household numbers, as we talked about, quite a miss, down 1.2%. with the dollar rising, i'm sure japan is happy with how that weaker yen is doing. sophie kamaruddin? weaker yen, giving the bank of japan some scope to be patient. japan has been the poster child for deflation, it's numbers given some impetus to the idea that it's jumping onto the global inflation bandwagon, but we have japanese shares marginally lower, down for the first day after the spectacular rise we saw on thursday with the topics and -- topix and nikkei 225 rising. we saw the highlight, the drop in household spending, which mabel's for the bank of japan's conviction to stick to its strategy. over to seoul, we have the

this is bloomberg. ♪ betty: this is "daybreak: asia," i'm betty liu in new york. tty: -- yvonne: a quick check of the latest yvonne: headlines. on monday, deutsche said the justice department had closed a criminal inquiry into its currency trading activities without recommending any action. resources they regulators are in the final stages of their own reviews of georgia's conduct -- deutsche's conduct. apple delivered new products ahead of the much-anticipated iphone upgrade later this year to announce the cheaper version of its my .7 inch ipad which starts at $329. going to buy one? there is a special edition red iphone and seven plus. york shares slipped in new on tuesday but have risen more than 20% so far this year. yvonne: google is giving marketers more control over their online and youtube ad that are several brands halted overing in the u k concerns about offensive content. it expanded the definition of hate speech under the advertising policy to include vulnerable groups. google has largely stuck to its position as a neutral host of outside content. us lo

betty: and i am betty liu in new york. chinese developer due to hold a board meeting about their and results. releasing long overdue result is shenzhen condition the -based developer needs to meet before lifting a two-year suspension in hong kong. over faulted on debt. shery: setting the terms of for a fail that could raise three quarters of $1 billion. shares are up to weigh 4% discount from vote last close. in bank is seeking a offering and could seek more through a green shoe option. bank of america and others are working on the deal. betty: persuading goldman sachs and other companies to take proactive steps to address and disparity in men and women's compensation. they were asked to disclose data. the five agreed to address the inequality. non-committed to closing that gap. talks ofr li keqiang free trade in australia, one of president trump's policy plans is being called a gift to china. former treasury secretary larry summers says they are giving china a gift, nafta will hurt the u.s. >> i am just back from china. t

this is "bloomberg daybreak: asia," i am betty liu in new york.t is just after 7:00 p.m. >> it is just after 7:00 a.m. here in hong kong. i am in a man. what a week. at the central bank meetings, budget proposals, and a wild ride in oil. it is looking to be calm, so to speak. betty: calm or even a little bit of a dud right now in the u.s. it has people wondering, what is next? where do we go next in the markets? a little indication, stocks are slightly slower in asia. how are we shaping up? yvonne: post said it is a risk on, risk off feel two things. let's see how things are starting off. yields in the 10 year, the u.s. leading declines. index, more positivity, up 1/5 of 1%. we did get those pmi numbers out that were showing a rebound. we are seeing the kiwi dollar unchanged right now. australia, the aussie watching a downward trend since a wild jobs report. if things have stabilized. stocks slow at the open. to japan, this is how we are looking. looks like we could be seeing a bit of softness here today. 113.36. that weakness will not help in tok

i am betty liu here in new york where it is just after 7:00 p.m. and it is just after 7:00 a.m. re in hong kong, i am yvonne man. betty: it is so interesting how investors can see this turn on a dime. one minute we are talking about is reflation over and then, it is back. we are going to hear more from said officials later this week. that will hopefully add some clarity to the outlook. for today, consumer confidence really juiced up the markets behind this rally. yvonne: it was the data that reese byrd this rebalance. take a look at how things are looking in the asia-pacific. it was like a flip of the switch. the dollar rose and the banks rebounding white a bit. we are seeing stocks quite positive at the start in new zealand at 4/10 of 1%. on than currencies, cautiousness coming forward. australia we did see commodities advance after falling for six sessions. oil also back above $48 a barrel. we did see disruptions in libya. at the open, pretty much flat, 7636 for the aussie at the start. dollar-yen around the 111 territory. looked like a soft open in tokyo in terms of the nikkei

i'm betty liu.tching for the former possibly leaving her home to face questioning. >> plenty of news flow, people are causing it -- calling it a soap opera. market movement has been quiet, especially here in asia. let's get to that market open right now. >> we have to check in on what is going on in korae. -- korea. resuming its gains here for a third day. we do have japanese stocks coming back online, extending the drop we saw on friday down 1/2 of 1%. this is the dollar-yen, seen as a stalemate as paris holdings above 1/12. we do have financials leading the drop of 1% there, too tracking what we saw with the drop in that space on wall street and taking a quick look at what is happening. index, given what we are waiting for with the president facing prosecutors. we have energy stocks leading the rise in korea, up about 7/10 of 1%. this morning we will get a gauge of how south korean exports and form the first 20 days of march. shipments grew 6.2%. imports rose 26% in that time. let's take a look at

i'm betty liu.ow the looking at action on wall street will be playing into the asian pacific trading day, and while asia was on a weekend break, it seems good guarantee from janet yellen that in fact they will raise rates come we saw the doubt geeking out and other gain barely there, still above the 21,000 level and that of the closing barely above water, just about of -- above one point. due to the snap ipo. we have the jobs report coming on friday, so we will be watching that to where the fed is headed. wondering have to be if the question is not if they but whatg in march, the core of the fed will be if you will. but what if it changes the pace of how many hikes we get this year, and you mentioned the job numbers on friday, and the question is if it is going to move the needle much at all? betty: we will see. in the meantime, we did not move the needle much in asia so far, right? haidi: no. we are starting out with a bit -- we are cautiously optimistic. we will see if we will see another week of

. ♪ facts this is daybreak asia, i am betty liu in new york.g.miami von in hong the latest headlines. more potential troubles for toshiba. blackrock is one of its biggest shareholders. filing to the finance ministry they indicated a huge rise in the amount of stocks it has loaned out. blackrock is currently lending 46 million shares, up from 1.4 million in january. borrowed shares are mostly used in shortselling. they are betting the stocks will fall. toshiba rising this morning. chinese solar panel maker is looking for a new debt strategy after missing payments on $280 million. the committee of independent directors will evaluate and develop strategic financing plans after accepting this weeks payment. borrowed heavily to expand its factories just as the market was flooded with cheap solar products. founder called on china to impose harsher penalties for fake goods. he is trying to rid the site of counterfeit products. they want to come down as hard on figures as on drunk drivers. there has been criticism on alibaba for not deterring copycats.

i am betty liu.s story, reports confirmed, north korea firing at least four missiles. the japanese prime minister speaking in tokyo moments ago, saying they firmly protest this missile launch and will be holding a national security council meeting to discuss this event. we are watching some of the , nervous about this growing political uncertainty. yvonne: that's right. both those meetings underway at this hour. taking a look at market sentiment, we have turned risk off given the dollar-yen move since the headlines have been breaking. openingok at the market in seoul, korea was sophie kamaruddin. sophie: some nervousness given the latest signs out of korea and japan. we learn more about that launch. there was a selloff in hotel, cosmetics, the worst performer down 5%, and losses extending this monday down .3%. hanjin shipping falling. lotte also shopping falling over 2%. hana tour also getting hurt. korea investments pointing out there is no industry and korea that is free from risk due to the decisi

this is betty liu in new york. 7:00 a.m. in after hong kong. this is yvonne man. exit has just begun. betty: some are saying maybe the beginning of this is priced into the markets, which is why you did not see it. a lot of movement here. around been throwing these words, an amicable divorce, a friendly divorce. is there ever a divorce that is that friendly? i think it will get pretty ugly. yvonne: it could be dragged out as well, the two years they have been forecasting. let's see how markets in the asia-pacific will be waking up to the big divorce. new zealand pretty slow going for most of the region. cents.i at 70 u.s. the biggest move out of wall street was oil overnight, nearing $50. the open at sydney pretty slow going. the only currency that saw gains overnight. to japan, or hacks saw support for the dollar-yen above 110, -- 111 now.now on day one of this brexit brexit before. theresa may has struck a conciliatory tone. the primeolutely, minister theresa may saying she wants a friendly split from europe, striking that conciliatory tone after she launched brex

i am betty liu in new york. yvonne man in hong kong. you are watching daybreak asia.rst word news with courtney collins. >> gopro soared in after hours on news of it cutting jobs. there was growing skepticism on wall street that the camera maker can return to growth and profit. gopro made a second round of cuts. 15% of its workforce was dropped in november. full-yearduce operating expenses to below $500 million. the new zealand dollar fell a for the economy grew less than economists forecasted last quarter. 0.4%, the lowest since 2015. it saw food contracted. a housing boom is helping new zealand's economy. projecting 4%nks growth by mid-2017. also in new zealand, looking to become one of its first associated space, the alliance. they are speaking of a foreign nation bloc that includes mexico, colombia, peru, and chile. new zealand wants quick agreement on a deal. 15 nations from the pacific rim are meeting in chile to discuss trade after president trump pulled the united states out of tpp.tp -- offer 250 million dollars in shares and $750 million in convertible debt

im am betty liu.watching if there's any carryover, which does not seem ,o be the case, in the u.s. winding down the reaction from the health care reform fallout. over in asia, certainly looking at many more local events happening, including the earnings season happening for chinese banks. absolutely. it seems that the market cinnamon -- sentiment is they are not buying the story that donald trump will make a far-reaching tax reform. definitely seeing a bit of a rebound here in asia with the dollar-yen stabilizing. with a couple of days here for asian investment. we will be joined by sco just minutes away. betty: let's get a quick check with sophie kamaruddin. markets open. sophie: here is the set up in asia. old fallinghave 1/10 of a percent. the yen slipping 1/10 of a percent there. we are seeing japanese stocks up about 9/10 of a percent and the rising.-5 here, we are seeing snap job .5%. we also seeing elsewhere in the and new zealand bonds giving back monday gains. overall, equity investors recove

i'm betty liu in new york.eidi: you are watching daybreak australia -- quite a shakeup for some time for that succession plan and we will be doing those details. -- we closeing up by .6% in australia -- a massive week ahead. potentially for politics as well, the question is how does marketsnslate into the and where are you going to be making money? let's bring you to my next guest -- he's is a correction is likely but the difficulty is in the timing. he is the head of cash return on investment.cash it's a pleasure to have you in the studio. there's a lot to digest this week. does that translate into more volatility? guest: what we have seen in the last 12 months is only big events bring volatility into the market. the market is almost getting used, not really translating into anything of any significance. -- we may see more in the markets but not anything significant. what is going to move the needle question mark things really have an translated into market action this week. is it going to be looking at what h

betty: this is daybreak asia, i'm betty liu in new york.at the latest headlines. the government in japan saying halt sales of its chip units if the winning bid comes from a foreign company. they consider suspending the bit chinese or taiwanese firms -- bid if chinese or taiwanese firms emerge six aureus -- victorious. lost ay mobile has patent in bridgman case in china and must pay the bill of $1.3 billion. the beijing intellectual rock record ruled in favor -- intellectual property court producingny to stop and selling phones equipped with the software. an american airlines -- and torican airlines is at stake acquire a share of china southern. any deal will proceed through a private place in. this will allow american a market. presence in the china's will surpass that of the u.s. by 2024. betty: and more on how the u.s. affect made trade -- may the trading day. -- ramy: bromley: also, health scare stocks -- help your stocks with -- here is where we ended today. the dow is flat. we will call that flat. you will say that yesterday we saw the

i am betty liu. >> it is just after 7:00 a.m. in hong kong. .m yvonne man a big week for markets, boj, boe, theresa may may trigger brexit, and elections in the mix. in as well, athat lot of macro events. a big snowstorm hitting the northeast and 24 hours, so that will wreak havoc on flights. it sounds like it will be another week or where we have to strap our seat else on and ride it out for the week. >> a blizzard in march. let's kick things off in the asia-pacific this morning. maybe just a calm before the storm litter to me and figuratively. -- literally and figuratively. let's look at the on c open here. very slow going. -- let's look at the opening here. very slow going. everything has been priced in when it comes to the fed. japan, let's see how things are looking over there. dollar-yen of way above the 114 handle. it could be slow going when it comes to stocks in tokyo this to chicagocording nikkei futures. the top story remains in south korea. the ousted korean leader park geun-hye has struck a defiant tone. her fall has left the countr

betty: i'm betty liu in new york. next guest said too many people are bearish on bond and inflation is coming. he joins us now from chicago. jim, let us tackle the fed. are we going 3, 4, or five times this year? >> i think we are going to go one this week, for absolute sure. the fed is going to want to probably push towards three or four three as long as financial markets cooperate with the fed, and what i mean by that, is if we had a 10% correction in the stock market, that might stall the fed off, but without that, i think we probably go three or four rate hikes this year. five might be pushing it. >> do you think we will? it feels like the markets are getting tired here. do you see a 10% correction? about oncet one every 12 to 14 months, and it has been 13 months since the last one, so from a calendar, we thinke for one, so i that, combined with the valuation, combined with what we have called the soft data come all the surveys are showing that everybody expects great things. we could set ourselves up for disappoi

betty: i am betty liu, you are watching daybreak australia.tting the road across the asia-pacific, investors get appetites. corporate finance reporter ruth is here. why is this deal so significant for harley? why are they coming out here in asia? >> it is a big deal for harley because it is the first time this 114-year-old all-american company is venturing out of the u.s. to test the markets. they have chosen singapore and australia, not europe, and assertive underscores the asian debt markets. betty: why are they wanting to look outside the u.s.? >> it is investment and great companies, always great to diversify, and at a time when there are record lows, it is time to look at places where there is a lot of demand for good corporate debt. in asia, there is demand for it. haidi: talk about the timing, because it is significant. >> this deal comes at eight interesting time. president trump obviously rewarding companies, american companies that choose to stay on short, but at the same time, harley is looking to venture out to debt markets outside

i am betty liu. in termsof a lead and of equities. we did jump back from the lows.nvestors are taking a wait and see attitude before the jobs report on friday here in the u.s. >> it seems like the dollar is really helping the move, especially dollar-yen. let's get to the market open with david. talk about dollar-yen quickly. the today chart, as you can see, it's rarely clear that the rates should all be shifting to the upside. that's what traders are telling us at the moment. there is some upside risk ahead of the jobs report later on today. about 30 minutes back you might want to watch this 115-62 there. that's towards the maximum range. we could see more buying. that has really spurred a lot of these models back into action, more money coming in. , 115.13 is your level now. looking at the open in tokyo and seoul. we will talk about more of what we are expecting in the next two or three hours there. there we go. risk premium a little bit there. .4% on the aussie market. they are getting an upgrade from jpmorgan to neutral. at other currencies we are following. this

i am betty liu in new york after 7:00 p.m. after 7:00 p.m. in hong kong, ime yvonne man. ite call the end to this recession. betty: not at all. it was interesting because watching central banks we started to see the divergence be created. you saw that very starkly today with bill dudley and the new york fed saying we will see the upside in terms of economic growth. the ecb seeing inflation in germany decelerating. divergence is coming back to the spotlight. that is how it was in equities. take a look at the equities, a 10 year yield climb above 2.4%. we will see how that plays out in asia. here is how things are looking this friday morning. a looking, when you take at new zealand of stocks, flat. the kiwi below that 70 send handle. australia, we are looking very they ensure that much closer, 110 points away from 59 00 from the asx. resilient atill .7644. jobless rate inflation and production, we see the dollar-yen 111.79. a little strength of this morning but stocks nevertheless are going to be quite strong in tokyo today. that is a look at what to expect in the region thi

i am betty liu in new york. am yvonne man in hong kong. you are watching daybreak asia. betty: you mentioned earlier the headlines, this still company seeking a $1.2 billion a share hong kong listing. it looks as though cornerstone investors, dodging international asset managers. 84a fixed offer price of $15 for each share -- $15.84 for each share, how significant is this for the ipo market? yvonne: looking at the size of the deal, possibly one of the biggest we could see coming in from hong kong so far, interesting on securities, the , thet company international company may made headlines. the chairman was missing, confusion with stock prices, so interesting to see how this will perform. this is looking to be like a big ipo for the city. we will continue to watch those from longtime do not -- paul allen. says the pboc governor china is preparing to further open its financial sector but that will allow investigations on how other places treat china. areas of potential liberalization including banking, insurance

greg: -- betty: i'm betty liu in new york.he chinese developer kaiser group is holding a board meeting to publish its first and results in three years. this is the final condition that the shenzhen-based developer needs to meet before applying to lift a two-year suspension in hong kong. they became the first and only chinese developer to fall for an overseas dos fall into overseas debt -- fall into overseas debt. and stocks could raise three quarters of $1 billion. yes bank is seeking about $650 million in the base offering, and could raise 100 million more for a so-called green shoe option. saidfter shareholders have goldman sachs and several other are taking steps to address pay gap inequality. our next guest says china risks stagnation, and bloomberg stephen engle is standing by. a bit of a gray morning for an economy growing more than 6% a year. that is right. it is on the mind of everybody here and the risks that are associated with this economy, and also the opportunity as we hit a patch of stability in the chinese econo

. ♪ >> this is daybreak asia, i am betty liu in new york.m yvonne man in hong oil has opened higher in new york after slumping upon news saudi arabia increased production numbers last month. that increases those imposed at the start of the year and suggests tensions inside opec area let's bring our reporter live from houston. in the oil price. what he do learn about digging through the headlines? >> it looks like you have saudi arabia leading the charge here. just a little pullback, quite a large pullback. the free rate will not last forever. of veiled shot at the other players in opec who of not fully complied with cuts. is moree, saudi arabia than at pace, complying with production cuts. even with a rise in production, they are below their ceiling for what they agreed to for production cut. they are still within the bounds, but they are trying to signal that, everyone get in the game. saudi arabia is serious about rebalancing the oil market. >> i want to pull up this bloomberg g chart that we have. it shows you how oil has dropped below $5

that's get an update from betty liu. with: i am standing by byron mean of blackstone. u again. byron: we were just together. betty: just a few weeks ago we have spoken at a real estate conference -- for you had spoken and you talked about your 2017 surprises. how much of them are you still confident about? the s&p 500, right, hitting 2500. the 10-year yield going up to 4%. seeing what you have seen from the white house, how confident you about those projections? , i would say the first part of the year certainly started out strong, but then i think there has been a turn after the state of the union address. i think that was the high point. recusal by jeff sessions i ppedk was athe accusation that a the phones of trump tower was a setback. in the market was very full of itself up to that point. my feeling is that the 2500 estimate was based on trump getting his progrowth agenda implemented. and the problem is he is firstng so much time on, he had to replace his national security adviser. now he has the sessions recusal. now he has to deal with this accusation that came o