betty: i'm betty liu in new york.e getting more headlines from the san francisco fed president, john williams. the not a voting member of fomc, but is talking about rate hikes. he says in 2017, one more hike, three more in 2018. that's his reasonable guess. he also says there is no need to raise rates "that far." he also mentions he sees a period of continuity under jay powell at the fed, which the transition will have an early next year. also says inflation will pick up in the next two years. jay powell is a consistent supporter of fed policy path, this theme of gradual pace when it comes to hiking rates. certainly, one more for december, three in 2018 is his reasonable guess. let's take more context here, we are joined by ric spooner from cmc markets. let's talk about these lines coming through from williams. what did you make of them? it seems like the fed is starting this mantra where inflation is heating up, but the bond markets continue to really doubt those calls. safe from inflation or is the market just disto

betty: good morning, i'm betty liu and new york. -- in new york. haidi: you are watching "daybreak: australia." lawmakers with legislation that would toughen regulatory scrutiny on minority stakes. we have more from san francisco. haslinda: this would significantly increase the oversight on foreign investment in the u.s., also -- which reviews foreign takeovers for national security concerns. this committee generally concerns acquisitions, but under this new bill, even small investments could trigger review, especially in the most innovative and growing areas like artificial intelligence, robotics, and drones. this legislation comes from growing concern among lawmakers and the department of defense

betty: i'm betty liu in new york.ments department has put aluminum at the heart of new trade tensions. we will leave watching prices. news of the probe came after commodities trading closed in the u.s. we have more at the wall with the bloomberg charts we need to know. reporter: thank you. i want to take a look at the share price reaction. exactly when the news of that probe actually hit here in the 2:00 p.m. our -- ho ur in u.s. trading. -- the day,f did century aluminum was up by more than 7%, hitting two week highs. it is chilling there is bullishness in terms -- it is showing there is bullishness and what can happen. i also took a let -- look at what is happening. turns out there were no sales for either of these company stocks. the next bloomberg terminal chart takes a look at the aluminum premiums here. early 2015,that in we hit records for both the aluminum price in japan as well as the u.s. we are definitely well off of those lows. the white line is u.s. pricing. that is down by 4% here today. in japan, it is

and i am betty liu here in new york. just after 7 p.m. on this thursday evening.resident trump taking his message to aipac. we are going to have a touch of retail therapy as we just talked about. alibaba single day features millions, raked in billions. we will be live in honcho. ♪ yvonne: betty, not sure how much shopping president trump is going to get when he had to vietnam. he might be missing out. .e is expected to head in their tweeting out from beijing. meetings were very productive on both trade and the subject of north korea. he is a highly respected and powerful representative of his people. it is great being with him. betty: a lot of warm words exchanged during this today visit. when it came to tangible results that wereion of deals announced. not much outcome. it was really quite interesting to see president trump tone down some of that rhetoric. we have got to remember that i is coming off at the elevated level. he has more leverage against president trump. the kind words from trump's tweets have a little more meeting behind it. he is finding himself a

betty: i am betty liu. we got the bettis -- the latest reading on china home prices.versus the previous month. this partysight into data, ramy inocencio with a chart you need to know. ramy: thank you. beijing has been trying to avoid this hard landing in the property sector for the economy as a whole. they do seem to be cheating that for now. the first chart, chart 786. looking at chinese home prices and how many actually rose or fell. for the month of october, it is not here yet, but that did rise to 50 out of 70. in september that was 44. you can see the downturn over the past four months, and looking over the past few years, this is at its -- it was at the lowest in september, but there is an uptick to 50 out of the past 70. in terms of other numbers, 14 cities softball in home prices, six unchanged. whether ller was a rise or fall, new prices rose about 5.5%. this is in contrast to the rise of the month before. this rise is not even across all cities. g #btv 498, looking at the colorblind here, the first tier cities are in white. you can see this is the steepest f

betty: i am betty liu in new york.ing an uphill battle, for the vast overhaul of european trading rules. it comes into force next month. many are calling it a soon on the of regulations that benchmarks will have to comply with. topnext guest is a financial services official for the european commission. he rolled out an extension of the january 3 deadline. valdis dombrovski joins us now from hong kong. thank you so much for joining us. there has been a lot of talk about whether or not to extend this deadline. how confident are you exchanges around the world in the u.s. and asia will be able to comply with mifid rules. good morning. as of january 3 next year, the rules are entering into force, or mifid ii. the industry needs sufficient time to prepare. date has been for -- postponed already once. they are getting ready for implementation. what we're doing here is implementing international commitments, g20 commitments, for our trading obligation, increasing transparency, consumer protection, basically implementing what h

in new york, i'm betty liu.ver the weekend, the incredible news out of saudi arabia, the -- 11 of 11 ministers princes, for ministers, dozens of current senior officials. it was prince al believe in so all and his arrest that stunned the markets and pretty much every single senior head of state. he was arrested at his desert kevin. making seen this prince a huge investment all around the world, particularly here in the u.s.. by investorss about what might happen when the markets open, given this breaking news over the weekend. , the 50the him richest person in the world. these are some of the companies that he owns, at least a 5% stake in. jd.com. apple, list, he is worth about $19 billion, but this seems to be consolidation of power by prince mohammad bin salman as he , orntially takes the throne consolidate his power ahead of to essentially consolidate his vision of saudi arabia going forward. top kind oft to the clearing the way. this isn't the first time it's happened, a lot of analysts are saying by his sta

i am betty liu in new york. you're watching daybreak asia.llen says while inflation should move back up in the next year or two, it is not certain that the current low-inflation environment is transitory. she said that while the fed is close to its goals, tightening too fast can strain below 2%. she will have some advice for her successor. >> one of the most important things i learned as chair that is important to making a policy noto keep an open mind and to simply assume that history was repeating itself. >> the u.k. has told europe that generally impasse pacifist discuss a new trader. between northern island and the public, or the divorce bill until the terms of future tribulations are clear. davis said it is possible that brexit will happen without a deal. comfortableid i am with a deal for the european union, it is possible, not probable but possible. the trump administration has sanctioned three chinese trading companies in north korea shippers which disrupt the funding as kim jong-un's nuclear program. treasury secretary steven mnuchin

betty: i am betty liu in new york. were just talking about, president trump's trip to asia winds down. let's look at where the u.s. stance on trade. joining us is in advising managing partner in former secretary -- thank you for joining us on the sunday evening. this trip whatve sort of a great? -- grade? fort: on the positive sign the most part the president avoided any major gaffes. a limited number of rookie mistakes. betty: he kind of played it safe. stefan: on the other hand there was not much accomplished. becauseas not expected it was a fixation on the trade deficit and that cannot fundamentally be addressed on this trip. ae things they ended up couple pushing primarily were a limited number of commercial deals. billiondied around $250 deals with various companies. in all fairness i think that was much ado about nothing. it has been perceived with the kind of yawn i think it deserves. betty: it was as expected. stefan: some of them were frankly just letters of intent and expressions of interest. work -- werengs

i am yvonne man in hong kong. >> i am betty liu in new york.ll week on entrepreneurs planning to connect nine cities in guangzhou province to create a hub of innovation and technology rivaling silicon valley. tom mackenzie has been following this and is now in beijing. you have been speaking to the region's largest drugmaker. so tell us where the opportunities are for this company. >> this is guangzhou pharmaceuticals, one of the largest drug companies in china aed in guangzhou and they see number of opportunities based around key areas. they are heavily automating their factories and production lines. they have teamed up with madea group and are starting to put factories to in automate production of drugs. they are also teaming up with a company around artificial intelligence. the other area they are excited about is china's demographics. the large numbers of people now with cancer and diabetes, a strange thing to be excited about, but that does provide some opportunities. there is a push by china's policy makers to allow some drug companies t

. >> from bloomberg's global headquarters, i am betty liu in new york where it is just after 6:00 p.m. on this tuesday. sackinging headlines, staff after paying to conceal a hack that compromise the data of 57 million people. price, model three production woes means tesla is burning cash at $8,000 a minute. ♪ ♪ betty: what might be one of her last appearances as the chair of the federal reserve, janet yellen is speaking now at the nyu's stern school of business with the former bank of england governor mervyn king. let's listen in. >> i think the other thing that i learned or discovered was important is very careful deliberationsd among participants in the in order to carefully think through a strategy and try to develop a consensus before presenting it to the public. october, we began the process of shrinking our balance sheet, but getting to the point of starting that process involved well over a year of discussions in the committee about how we could do that in a way that the public had in mind,and we how we would use our balance sheet, and to do it in a way that wouldn't be disrupt

betty: i am betty liu in new york.'s $2.9 billion investment in china's largest hypermarket chain draws the battle lines with walmart and could signal a major shift in the chinese retail experience. >> from commerce to contact to embracing the entire process. to go on to an internet platform to use different methodology, including big data to fulfill the demands of the customers, and to integrate a different strategy in order to deliver new retail experiences to the customers. us yvonne: for more on the retail landscape is michael chang, pwc's retail and consumer leader for the asia-pacific and china region. thank you for joining us. we are saying that this signals a major shift in retail, but this is something, this combination of off-line and online, it is something alibaba has been focused on, jd.com, amazon. is this really that new? >> i think the new concept was 1.5 years ago.li the concept is not just a matter of new or old, but it is trying to fully expand the so-called definition. people have been talking about

i am betty liu in new york. yvonne: i am yvonne man in hong kong.rst word news with paul allen. saudi arabia's crackdown on princes, ministers and officials have put is mohammed within touching distance of the throne at the age of 32. since 2015, he is lost an unprecedented shakeup of the saudi economy and society to wean the kingdom on oil. among those charged is a prominent businessman. president trump faces a busy day in tokyo, he meets with the emperor, meets with shinzo abe and has a state dinner. he will have supplicant visits the seoul and beijing. permissions is a ground invasion of the north will be the only way to destroy the north nuclear weapons. the toppled catalan leader has surrendered in belgium. an figures are now under arrest. -- tooktook lace in the place in the basque region, which had its own separatist movement for many years. they may not be able to cut interest rates if the brexit deal is worse than expected. he said the decision to leave the eu's already hitting supply and trimming the pace of expansion. he said wrecks it a

i am betty liu in new york. yvonne: i am yvonne man in hong kong.is japan stopover at strengthened ties but delivered no results on fixing what trump calls "unfair trade. is already in seoul for us this morning. north korea testing a long shadow over this trip. stephen: north korea is going to be the prime focus. keep in mind the renegotiation in the united states and south korea on the course. in 2012t into effect and will be front and center on the trade front. if trump thought he had difficult times getting some deliverables from shinzo abe on the 60 $9 billion trade deficit they have with the japanese, they are going to have some tough negotiations with the koreans as well. they run a surplus which has doubled against the united dates since 2011. -- the united states since 2011. areld trump has said we getting destroyed by the south koreans, but interestingly as well, i noticed a korea herald days ago,couple of more than two thirds of south korean say we do not agree with the renegotiation. we have a deal in place. we are doing ok with it, espec

betty: i am betty liu in new york. you are watching "daybreak asia .". paul: i do. we have building approvals for the month of october. expected,better than up 9/10 of 1%. they had expected a contraction of 1%. so that is an improved number year on year. expectation had been for 14.1%. . no great deal of reaction from the aussie dollar. of 1% higher as opposed to a slight contraction that had been expected. now let's get the first word news. here's courtney collins. courtney: first, senate a provisionmay add to the tax bill which could trigger of 23 hundred $50 billion in automatic tax increases beginning in 2022. some senators thought the provision to prevent the tax cut increasing federal deficit. the gop bill is seeing reducing federal revenue by $1.4 trillion over 10 years before accounting for any economic growth in might produce. retreating ofp's anti-muslim videos by a far right british activist has drawn condemnation from lawmakers on all sides. the president's early morning tweets sparked a rare criticism from the u.k.. prime minister theresa's

betty: i am betty liu in new york. seems to be confirmation that jerome powell will be the next fed chairman, so janet yellen's term will be ending in february. we had some additional news from washington on the tax bill. we are waiting that release tomorrow. expected to include for the first time some numbers, a 12% one time repatriation tax, a little higher than expected. expectations were for 10%, but still lower than what corporations pay now in the u.s. a huge uphill battle to get this done before the end of the year. the treasury secretary stephen railing against the strategy because it's not likely to deliver the huge economic bump anticipated. let's look at markets in asia. we do have a mixed the session. coming off decade highs, asian decades when it comes to japanese markets. andave the fed announcement the first boe rate hike in 10 years expected, and critical nonfarm payrolls at the end of the week. betty: that's right. on the agenda appeared let's get to sophie kamaruddin has the markets are just opening u

from bloomberg global headquarters i am betty liu.ing this after the thanksgiving weekend. it is a important week for the fed. jay

betty: and betty liu in new york.est levels in more two years, as opec members have an extension of the production curb. -- of this is ms. rockey sge. thank you so much for joining us. cut,e we get to the opec there's news today of a tax bill. there's a pretty friendly policy, tax policy for oil companies. off allows them to write expenses of their equipment. seen.s energy we've do think there will be markets for oil companies? >> i don't think it will be a big boost. under the obama administration, it was all tax trivia and help. these opecalk about cuts. to think there will be beyond march of 2018? >> i think it's a done deal. the only issue to be discussed more be this extended for six months or nine months. markets are already really pricing the same. wisner this timeframe --why is there this timeframe? >> opec has framed itself to have a five-year average. beyond extends this march to some time by the next summer, there could be a five-year average. >> what does that mean for u.s. cruise -- crews? we have seen oi

from bloomberg global headquarters i am betty liu.veningroadcasting this after the thanksgiving weekend. it is a important week for the fed. jay powell is on capitol hill after increasing doubt with inflation. after the flood credits are healthy and amazon really deliver for jeff is us. -- jeff bezos. ♪ >> 12 figures, that man now possesses. for more on jeff bezos i went to bring up a chart. we just mentioned how inflation is missing the mark here. it just shows you how much we keep missing that market we are going the wrong way on inflation. that has a lot of people touting the coming rate hike next month and the one in 2018. that is going to be the subject of our conversation with many of our guests in the next hour. you can see the bond market is already down and we are going to get many rate hikes. that is huge inflation gauge coming out later this week. in terms of the market and how we closed on friday a lot of sh buying. amazon was in the green. we expect the retail stocks moving on monday. >> cyber monday is going to be the ne

betty: i'm betty liu in new york.roup has been delaying repayment of a it isnd sources say wanting to double the interest rate if the bank will pull the p february.ck to the kentuckyead of plant used an internal video to partsat it can make the ship it tod then america for cheaper. uber will make a major commercial auto purchase. uber will add its software. the fleet is small compared to the people who drive for uber but it's an effort to replace human beings, the biggest economic cost in the service. tonne: they are looking improve their offerings wants to buy volcom. braodcom rejected their approach, saying it was too low. they say they remain committed to a deal and has received positive impact. &t says its plan to take over of time warner is a vertical merger that does not violate and who trust -- antitrust laws. say the deal will greatly harm american can increase. -- consumers. correspondent: big news today. the u.s. justice department is suing at&t's $85 billion merger with time warner. two ofs to unite the lar

. ♪ betty: good morning, i'm betty liu and new york. -- in new york.di: you are watching "daybreak: australia." lawmakers with legislation that would toughen regulatory scrutiny on minority stakes. we have more from san francisco. haslinda: this would significantly increase the oversight on foreign investment in the u.s., also -- which reviews foreign takeovers for national security concerns. this committee generally concerns acquisitions, but under this new bill, even small investments could trigger review, especially in the most innovative and growing areas like artificial intelligence, robotics, and drones. this legislation comes from growing concern among lawmakers and the department of defense that investments could lead to the transfer of technologies to the chinese military. they are made it very clear that they want to become the leader of the in -- artificial intelligence. they want to collaborate with each other. critics are concerned that this will actually have the opposite of the intended effect. chinese investment has flooded the u.s. mar

betty: i am betty liu. homedent trump will head with few concrete promises. alibaba is returning to the bond market after a two-year absence. it plans to raise $7 billion. debate on tax reform is still ongoing when it comes to the wall street session. gains that weme still see a mixed picture especially when it comes to japan. we are extending the losses here today. not sure what it is due to, if crash looming.e the fundamentals do not support that. betty: something we need to watch closely. watching tax reform here also the inflation report on wednesday were any further clues on whether the fed is going to go ahead with that rate hike in december. in the meantime as the asian markets are opening up my left it to the first word news with jessica summers. jessica: china's drive to curb credit growth and leveraging is showing signs of success. the pboc said the aggregate billiong was $160 against estimates of 166 million. m2 money supply rose more than 2%. the bank of japan governor said he is expecting to achieve 2% inflation and looking at expectations throug

betty: and from bloomberg's global headquarters, i am betty liu in new york, where it is just after 7:00 p.m. on this monday. it could be a cruising $105 billion takeover fight. softbank watching its

i am betty liu in new york. it is just after 7:00 p.m. and wednesday.xpecting to continue the rally in wall street. nissan cuts for your forecast on the uncertified inspection scandal. they say the u.s. market will be critical. ♪ yvonne: markets seem to like the dealmaking that could be happening in asia. the donald trump a visit we have been calling it in the region, gone pretty smoothly so far. the state visit in china, they haven't rolled out the red carpet, the chinese opera. it seems this relationship between president xi and trump has softened more. we will talk about the deals we are expecting. betty: $250 billion worth. a common theme that we are hearing from many of our guests is, the real work is going to happen afterwards. it is nice to see the pomp and circumstance. but really, the real work, the nitty-gritty will happen after the niceties and handshakes are finished. let's get the first word news with courtney collins. u.s. tax changes move a step forward thursday. the senate finance committee scheduled to release its proposal. republicans

i am betty liu in new york just after 7:00 p.m.tment from softbank worth up to $10 billion and includes corporate governance changes. a busy week ahead for banks in japan. ♪ >> the big news all weekend has onn the bang from china friday in terms of opening its financial markets. the big question is what does this mean for foreign firms. ubs saying it was a step in the right direction. lays thechart that land in terms of the foreign share of total bank assets in china. this is chart 6825. while symbolically the right move, you could argue the share of total bank assets among foreign firms has dropped to a 1.3% right now. a tease of thef pie candies u.s. or european banks get a share of right now? can they level the playing field and gain market share? >> you could look at that chart and say it is also a product of not getting that market access. what we heard is that finally steps are being made in the right direction. this all happened outside of president trump's trip to asia. for wall street banks, but not sure how much they can

betty: im am betty liu in new york where it is just after 6:00 p.m. bob iger's

. >> from bloomberg's global headquarters, i am betty liu in new york where it is just after 6:00 p.my. sackinging headlines, staff after paying to conceal a hack that compromise the

betty: from bloomberg's global headquarters in new york, i am betty liu.partying with the nikkei at a two

betty: from bloomberg's global headquarters in new york, i am betty liu. tokyo has been partying with the year high. two but the music may pause for a little while. we will hear from malaysia. ♪ does not seem like the party is going on today in tokyo. stars are aligning for japan. some say this could resume in the given the fact that we have seen stronger earnings, weaker yen. kuroda likely to stay in his job next year. that --e are some signs perhaps some caution ahead. while we have seen the breadth of this rally match what we have seen postelection after the donald trump win, this red is some of the stocks that are overbought. greater than 70 in red. we are seeing more than half of the nikkei 225, which is in overbought territory. green is where we are seeing under bought. we are not seeing much green as of late. perhaps a region when we are seeing a pullback today. betty: perhaps indeed. seems like it is the same situation in japan as you might even say in the u.s., where we have this record run in stocks. people questioning, when does that party end?

i'm betty liu and we will be looking at the action on wall street and how that will play into the asia-pacificrading. heidi, no doubt we are following these headlines coming across about jay powell being named the next fed chairman. these are all according to reports of the wall street journal coming out first with these reports. haidi, given the speculation over the last several days? haidi: absolutely. as you mentioned, the muted response from u.s. markets. it just surging a little bit higher. powell essene is the next best thing to continuity other than janet yellen staying at her job. betty: it is safe to say some economists coming out that it is yellen 2.0. maybe there will be not a lot of change. why the markets didn't react too much. equity markets and the training trading session. mostly shrugging off this news that tesla will be delayed. big earnings coming out after the bell. onebook and other beat estimates. despite these troubles they are facing in washington. tesla facing serious troubles. we will dig deeper into that and you can see the dow closing up almost 60 points as well as

i am betty liu in new york. it is just after 7:00 p.m. and wednesday.ntinue the rally in wall street. nissan

i am betty liu here in new york.ve been focusing on business leaders that are helping transform china's greater bay area. the plan is to connect nine cities with hong kong to create this hub of innovation and technology that rivals silicon valley. joining us from beijing. the focus today has been on health care and ai. what are we seeing when it comes to development around artificial intelligence coming out of this greater bay area? om: we have been speaking to the vice president of a company called i fly, which is little known outside of china, but within china it is probably the leading ai company that has been picked by policy makers here in beijing to be a national champion in terms of driving ford the artificial intelligence agenda, along with the likes of baidu, tencent and alibaba. recognition, voice image recognition, machine learning and robotics work to expand their footprint in sectors like education, high-tech, learning and they have invested in companies like japan and israel. they bought a company aroun

bloomberg's global headquarters, i am betty liu in new york, where it is just after 7:00 p.m.y. the iphone x the finally hits the stores, are you excited?

. >> from bloomberg's global headquarters, it is betty liu in new york where it is just after 6:00 p.mtice department is going to court to block at&t's takeover of time warner, a major blow to the $85 billion deal. feeling the heat -- the white house designatesor

betty: i am betty liu. homedent trump will head with few concrete promises.

and i am betty liu here in new york. just after 7 p.m. on this thursday evening.mp taking his message to aipac.

betty: im am betty liu in new york where it is just after 6:00 p.m. retirement is for real. the smashed dream of china's migrant million. we will have a special report from the streets of beijing. betty: we were going through some of jay powell's remarks issued earlier a day ahead of testimony in front of the senate committee tomorrow. it sounds like from these headlines coming up that he is pretty much going to stay in line, at least for now, with what we heard from janet yellen. he is walking into a conundrum. if you pull up this chart, the fed is continuing to raise rates in the face of what looks like investors disbelief, right? the yield curve, the treasury yield curve continues to flatten. it is puzzling a lot of investors why the bond markets are not showing faith in rising interest rates. reflected in the yield curve? it is walking into a conundrum. what are we going to do about that? about: as we were talking with kathleen, there was not a whole lot of mention of inflation in the prepared remarks. about withbank regulation today was ag one for jay powell. he mentione