in new york, i'm betty liu. looking at how the action on wall street will play into the asia-pacific trading day. it was those easing trade tensions that lifted the market overall. speaking about the market, we are closely watching comments coming up from the minneapolis fed president. he is not a voting member, but he continues his dovish stance. saying, we should allow the economy to continue to strengthen. there might still be some slack in the labor market. also noting, that he is watching the yield curve for any signs the economy might falter. so still hinting a little bit more dovish. haidi: yes, talking about the sort of lack of pickup in wage growth, saying we could see the inversion on the all caps sometime this year. becoming a common refrain, by thought it was interesting we saw the pickup, that sort of recession when it comes to the haven plays in positive sentiment all on trade, given we have not had a great deal of optimism or details with these deals. betty: we haven't at all, but it was those dea

i am betty liu. we will be looking at all the action on wall street and how it will play into the asia-pacific trading day. inh rising yields not just the u.s., but over in europe and elsewhere that caught investors, equity investors, that weighed on stocks has we see here in the equity markets how we closed. still higher, but off of the session highs, the dow up 68, s&p barely closing up, and the nasdaq also a little higher had went 1%. on's get more details breaking news that happen in our ago. msci reporting in the past hour, 234 chinese companies a-shares included in the benchmark from june. su keenan has the latest on the news. >> big news. it takes the china stock market global. ashave known this was coming msci releases a bi-annual report that came out in the last hour and name the names of more than 200 companies that are being added. again, msci emerging market index. let's take a look at this performance your today. -- you're today. it is widely followed by funds that have to mirror the hol

in newi am betty liu york, after 7:00 p.m. thursday.the economy, mahathir mohamad promising a business-friendly malaysian government. many heads roll after the 1mdb scan

betty: from bloomberg's global headquarters i am betty liu in new york.u.s. a trade surplus sweetener worth

i'm betty liu.e will be looking at how all the action in wall street will play into the asia-pacific trading day. we know most of the major closed yesterday but they are waking up to good news on apple, as we as mentioned. the iphone sales really topping estimates and quelling concerns that they were going to be some pretty dismal numbers coming out for the iphone x pick up. the markets still closed kind of loosely. the dow falling 64 points. as you can see, the tech heavy nasdaq powering ahead, setting up or perhaps a mostly higher open in asia. paul: yeah, we are off to a reasonably good start in this part of the world as well. new zealand has been trading for a couple of minutes. up slightly, five points. the kiwi dollar edging closer to $.70. in australia, we are set up for some modest gains as well. futures in australia pointing slightly higher. the aussie dollar dipping below 75%. the u.s. dollar strength story is very big at the moment. checking in on commodities, we have gold easing off on u

betty: i am betty liu. we will be looking at how all the action on wall street will play into the trading day. something else for markets to look at today, the dovish tone of the fed minutes. slides, stocks coming back, treasury yields rising. -- the curve steepening, i should say. rising.up .2%, the s&p the nasdaq gaining some ground. let's take a quick look at how other markets moved as well on the active these minutes. you saw the 10 year yields coming down, some buying going on. the dollar has slid a bit, but up slightly. also, a slight bid under it. taking a look at the greenback overall, the green backsliding on this news. it seems like we are seeing a dovish tilt in the minutes. haidi: that statement about being able to tolerate a modest overshoot of the 2% inflation target. is almost a certainty the next rate hike will come in june. take a look at the set up in asia. the msci asia-pacific falling to the lowest in a fortnight. new zealand flat at the moment. idea that trump tweaking we might have to

betty: i'm betty liu in a new york.ging technology players. let's go to where chief asia our correspondent is standing by. we are talking competition with airbnb and china. is the main competitor of airbnb, much larger in china. we have the cfo with us at the goldman sachs tech net conference. executivesr and don't like being compared to airbnb because you are different. how so? >> they are a well-respected competitor in china, but we think we are the number one player in this industry in china. we are not just a pure online company, we have off-line operations. we have a local team in most cities in china to help local house owners to run their business. that is the big difference between us and airbnb in china. >> tell us how the market is different. maybe some of the foreign competitors would have more challenges because of the police registration process and some of the regulations. how does your local knowledge give you benefit? in china to thing do business is how to deal with the relationship with a permit. great

yvonne: and from bloomberg's global headquarters, here's betty liu. betty: 8:00 p.m. malaysia's new prime minister saying that much of 1mdb's missing millions can be recovered. he labeled his predecessor a kleptocratic. 's business is running to a halt and they tried to calm workers during worsening trade tensions. ♪ yvonne: betty, let us go straight to the live captures happening in elkhart indiana, where the president is. from thisgood news summit between kim jong-un and president trump which will be happening on a june 12 and singapore. he is now announcing a proposal on how to break down drug prices and bring them lower. a key issue here is been ringing since his campaign. big pharma has been getting away with murder, some of the things he has said come and he is now tackling this part of his agenda. betty: that's right, releasing a new plan "american patients first." trump says that there will be a great health plan coming out over the next four weeks, where he will be outlining the new drug pricing blueprint, so to speak. as you mentioned right now, he is at a c

betty: i'm betty liu. you're watching "daybreak asia."es in the pivotal state of ohio. the x consumer protection bureau achieved has the percentage in the ohio governor percentage. this is in the democratic primary and there are concerned about the finish. more on the radical progressive side, a lot of concerns he may have a chance to bm -- to beat him. let's get to the first word news with tom mackenzie. tom: france, germany, and the u.k. regret president trump's decision to withdraw from the accord to curb iran's nuclear program. the u.s. will reinstate financial sanctions on the republic, opening up chances for the middle east. the deal,ed negotiated under the obama presidency, horrible and one-sided. >> at the point when the u.s. had maximum leverage, this disastrous deal gave this regime , a regime of great terror, many billions of dollars, some of it in actual cash, a great in barents -- embarrassment to be -- to me as a citizen and all citizens of the united states. >> i ordered the iranian atomic energy association to be ready if

i'm betty liu in new york. you are watching daybreak australia. let's get the first word news with alisa parenti. alisa: president trump has poured cold water on rising trade optimism, saying he's not really pleased with the way talks are going with china. the administration held off on billions of dollars worth of tariffs with reports of white house discord over the tragedy -- over the strategy. rossrce secretary wilbur plans to visit china early next month to continue trade talks. the president's also cast doubt on his plan summit with kim jong-un. speaking after talks with the south korean leader, he said there was very substantial chance it will work out. the president added that does not mean a meeting won't happen at some point. the white house has acknowledged uncertainty around talks, but still preparing for singapore on june 12. congress has approved a sweeping overhaul of u.s. bank

betty liu. china looks again at qualcomm's .id for . louis's jim bull lard is worried about the economy. betty: eon -- yvonne, it was central banks that pushed the rkets today and starting out with the comment coming out on francis ville roadway, who was talking about the effort c.b. and the end of bond-buying program and noted to market par 'tis pants hikes were going to follow in months, quarters, ertainly not in years and that kind of speek spooked the narkts. -- markets a bit. show a chart of synchronized arraignment rises. yields on pretty much all the developed markets, government debt is on the rise. see the -- with the s., germ any, as well as the u.k. it's per septemberable now and we're in this synchronization when it copts remains. yvonne: right. surprise given that we were hearing this was going to happen in the next or so. the german markets remains very low at this point and is europeo ess in the area transitory? hose are key questions as well but programs it took a bit of steel out of the equity market overnight. belty: it

betty: this is "daybreak asia," i'm betty liu in new york. yvonne: i am yvonne man in hong kong. let's of the business flash headlines. t-mobile and sprint have stated their case for a merger. john ledger and marcelo clarity laid out the tire based on the announcement the company presented on april 29. it needs approval from the fcc and must clear antitrust hurdles at the justice department. the proposed merger four years ago was rejected. goldman sachs to pay about $110 million to resolve claims that foreign trade exchangers improperly shared information about client orders in rooms.nic chat the bank will pay roughly 50 family dollars each to new york's department of financial services and the federal reserve board. they will also provide regulators with a plan to improve internal control and compliance. betty: wednesday sees a big expansion in china's stock connect with hong kong. investors predicting greater volumes through the gateway. this up on quota will instinct to the equivalent of 7 billion

i'm betty liu. we're going to be look how all the action is going to play in the the asia pacific trading day. and haidi, it was a day of advances here in the u.s. we saw another advance at that 3.1% level. let's take a quick look at how the stocks ended trade today. green across the board. some good earnings from some of the consumer stocks like macy's. the dow up about 63 points. the nasdaq gaining some steam to set up asia for a higher open. haidi: yeah, what a difference a day makes. we went from good news to being bad news. to good news being good news. it's amazing how the narrative shifts within hours. take a look at the setup. we had stocks staging a recovery in the overnight session. emerging market asx coming ush pressure. the aussie recovering from that slump on the back that we gained. sidney futures a bit of poverty going into the open. 6. aussie dollar at we're seeing decline in gold. new york crude holding at 71.5. the brent falling the most in more than a week. although, we do have m

this is bloomberg. ♪ betty: good morning, i am betty liu in new york. 'm haidi lun in sydney. budgetia's laid out its with a deficit forecast of $10.8 billion. the government is willing voters with the promise of tax cuts and a path to its first surplus since the global financial crisis. here is what the australian treasurer scott morrison had to say. room forson: there is our labor market to expand and grow in that is what is boosting revenue over the shorter term. priceitial commodity improvements we have seen, we have had cautious forecasting. upliftger-term revenue is the sheer fact of the growing in strength and economy. haidi: paul allen is standing by for us. paul? paul: a very warm and sunny here. budget the svevnthenth and this is the warmest received i have remembered. the budgeted forecast for 2019. the return to surplus a year later of $2.2 billion in tax cuts coming as well. mediumr year for low and income earners at the maximum level. as with every budget, there are assumptions involved, particularly in this case about gdp projections and w

betty: i'm betty liu in new york where it is just after 7:00 p.m. evening.te the obama administration infiltrated his campaign team. the remaking of malaysia.

betty: i'm betty liu in new york. fred hughes says the china u.s.ith an stability, and could be stabilized attention continues to mount. primavera capital spoke to bloomberg at the conference in beverly hills. importantt relationship in the world right now. relationship is also filled with risk and uncertainty. haverade tensions really potential to further escalate. it will not only inflict tremendous damage to those u.s. and chinese economies, but also taking the whole world economy and damaging it. very concerned about the risk. >> what are the prospects for u.s. treasury secretary steven mnuchin making his way to china. he is looking forward to strengthen trade talks. should we be optimistic? mnuchin is very encouraging. high, itstakes are so is encouraging for the top economists in both countries to meet each other, sit down, and talk about the differences and views. solutions in a cool and confident manner. i hope the meetings are productive. >> is there a possibility china could take a tapa son? giving the u.s. is mulling over steel and u.s. t

. >> i am betty liu. we are going to look at how all of the action on wall street plays into the trading session. paul, let's take a look at how the u.s. markets closed. we saw the markets trying to ounce back from the lows of the session, digesting the fed statement, tech shares leading this rebound in the markets. the dow ending marginally higher. the s&p and nasdaq closing lower. keenane on the close, su is here and of course we've got the jobs report. what was interesting, we came 1% off the low and it looked like we were trying to rally to positive. we did see a gain in the dow. we do have a little bit of trade talks along with earnings. what does the fed meet with inflation creeping up? let's go into a snapshot at some of the losers. -- movers. tesla was a focus. overshadowede ceo other aspects of the conference call. our colleague was on the call. he called the question boneheaded. that got more focused than anything else. take a look at the other stories of the day. yum! brands has been struggling

in newi am betty liu york. asia's top economic advisor holding talks. urging to stop beijing's unfair trading practices. no business have flagging strategy in the months ahead, james bullard talks exclusively to bloomberg. david, it was another day of rallies in the u.s. markets, but i thought the bar chart was interesting. puts into perspective these gains in the market. might be worrisome for some of the bulls. shows you just how much these faang stocks, how much they contribute to the return of the s&p. on a total return basis, these s&p,s which are 1% of the amount for 64% of the total returns, for instance, we have seen this week. when we talk, are we bullish or bearish? maybe we are only talking, are you a bull or bear on five stocks. david: maybe it should only be called five stocks. a few years we look back on the, we believed tech is place to be, how can you outperform the index if everything was driven by five stocks? it is an interesting conversation to have. betty: speaking of markets, let's show our viewers how we closed today's trade. poin

betty liu ibetty liu am -- i am betty liu in new york.tor our bloomberg kathleen hays, i know you have been digging into the key sentences and phrases. what is top of the list for you? makes it lookfomc like a slamdunk, a sealed the june ratee would be a hike. let's read the exact words. most participants, that means it was probably only jim bullard -- if it not think confirms their economic outlook, fiscal stimulus coming, it would likely soon be appropriate for the committee to take another step in policy accommodation. sentence, the one where they are not declaring victory on inflation yet, even though it has touched 2% on the key measure for one month. here is what they's head. it was already noted a temporary period of inflation modestly above 2% could be helpful in thatring consistent with objective. sounds dovish, because they will say it is helpful to have an above target when it has been so long. is dovish. they say jay powell is probably in the three rate hike camp. no mention of emerging markets. seeing turkey have to raise the

on betty liu in new york. not the only focus in washington. 21 members are preparing to meet and papa new guinea next week. they are hoping to bridge differences in policy and finding common ground to capitalize trade agreements. we are joined by alan bullard the head of the apex secretariat. why are we calling this a pivotal meeting? alan: it is happening at a very important time for all of us. we're hearing a lot about u.s. and china, there is a very big trade machine and a lot of people whose livelihoods depend on this in the asia-pacific. that is what our focus will be and we will continue to keep pushing portrayed. free ando talk about open trade, now more and more we are also saying it has to be etc. soste, inclusive, we are more fussy about what we are talking about, but trade is still the important driver in this region. of allwhat do you make the back and forth that we are hearing out of washington and the latest being this morning that china is that to have offered the u.s. that they will look to cut

betty: i am betty liu in new york.athir mohamad's surprise of victory, ending the 60 year role of najib razak's coalition. haslinda amin has a guest with her. what is the mood in the streets right now? >> it is hard to say what the mood is, but prior to this we saw lots of people still in the streets. mind you, it was 5:00 in the morning. some anticipation what the change could mean. our guest joins us this morning. good to have you with us. obviously, malaysia voted for change in this is just the beginning. guest: overwhelming, a swing in vote in the constituency, at least 20%. even though voter turnout was down, many traditional did not come out to vote. they could not stomach voting for najib as they have in the past. this has been a malaysian tsuna mi. tolinda: it took mahathir win the support, it could not have been anyone else. guest: i agree with you, he was a game changer. also, they wanted najib gone. he had the worst scandals, he shamed the nation with the 1mdb scandal. they could not take it anymore. the way

betty: i am betty liu. you are watching daybreak australia. u.s.y-handed after two days of trade talks. kathleen hays spoke to the former u.s. secretary of state george shultz who said the u.s. needs to be more engaged with the world's number two economy. he is the author of a book. >> we want to make sure we have fair trading relationships with other countries. there is no doubt china does some things we ought to persuade them not to do. but if you are worried about the trade deficit as the president seems to, we are not going to get there by dumping around with the arrangements for each country. in order to trades -- change the trade deficit, change the expenditures, and the culprit is the huge deficit in the federal budget. if you have a balanced budget, you would not have a trade deficit. reporter: what about exchange rates, because the chinese are living there -- letting their exchange rates move more freely. george: those are two sides of the same coin. they will affect particular things, but the point i was making earlier is whatever you do

in newi am betty liu york. you are watching daybreak australia.all street stocks close lower after climbing back from early losses. president trump canceled the north korean summit. that is the story today. jason, you know, every day, we seem to be moving back and forth on these headlines. first off, what do you make of that and the health of the markets? what is your biggest concern right now? jason: the first part, i think you saw movement today as emblematic of how investors are thinking about this. there is initial reaction, and then it crawls back. it's a shrug of the shoulders. it's day today. if you look at the vix, it's around 12.5-13. over 30.ry, it was even in march when we had trade tensions it was higher. this is relatively low compared to where we have been in the last couple of months. this ranks inere our priorities, i think it's relatively low. it's really hard to calibrate politics because it does change day today. then you go back to well, from an economic perspective, a markets perspective, the fundamentals, does this change the

betty: i'm betty liu in new york. a backlash from some of his reporters, president trump says he is not happy with the results of the u.s.-china trade talk so far. kathleen hays here with more. let's start with the latest on the trump's team change of heat on zte. kathleen: this is one of the reasons why donald trump is saying he is not pleased with what has happened. there has been pushed back on moving away from tariffs. it is not surprising because we know after this latest meeting between the u.s. and china trade teams, this seems to be enough progress made. let's put the tariffs off to one side for a while. china is announcing the cutting of tariffs on u.s. cars. this is all positive. the next thing we learned from donald trump is ys, he is reconsidering the u.s. penalties from the commerce department that has basically shut down telecom giant zte core business as a favor to xi jinping. he said he asked me to look into this. he says he knows these penalties are hurting u.s. companies. they cannot sell their compo

i am betty liu in new york.vonne: i am yvonne man in hong kong. qualcomm said to give up developing chips, yielding the market to rival intel. let's get more on this breaking story with mark gurman, joining us from san francisco. tell us how we came to this point. it seemed they were going to be .eveloping with arm there was interest in the beginning, but we did not hear much about it from qualcomm. what went wrong? mark: this was a significant colleaguetory from my on the terminal. what the story says is qualcomm is looking to either shutter or sell, spinning off its is this. what these chips are are the processors that power the server farms used by companies like facebook to power the facebook website or apple in order to allow cloud services to work or serverin the fronts. it had the slimmest of market shares. with intel absolutely dominating the market over every other provider with 99% market share. as we have been reporting here on bloomberg for the past several months, qualcomm has been looking at ways t

to our veryivide own betty liu who spent 10 years at number.ou follow her on twitter, what a journey it has been. >> it has been quite a journey and i like to keep the advice short. foras been a great journey 10 years. i started here in 2007. i just want to recognize all the great people in bloomberg -- on bloomberg. i knew that was going to happen. i probably have the distinction of anchored every single hour of bloomberg. i'm off to a new opportunity and i will tell everyone on social media what it is. keep rocking on. i love our viewers and our guests. >> what a pleasure to work with you. you really motivate all of us to bring everything to the table. >> not too much pressure on them. so long, this is bloomberg. jong-un-invited, president trump saying the u.s. military ready for everything. 109, goldhe yen, seeing its biggest gain in four weeks, and oil down after russia won't consider supply kurtzman they meet next month. i am rishaad salamat in hong kongi am rishaad salamat,. haidi: i am haidi lun. , oleg deripaska's regulatio resignation.

must-see tv.l be i am betty liu in new york. you are watching daybreak australia.ord news with jessica summers. fell back.s. oil below $70 after president trump tweeted he will announce his decision on the iran nuclear at 2:00 p.m. tuesday washington time. germany, france, and the u.k. have lobbied to remain in the agreement. boris johnson is in washington. he is arguing the deal is flawed but can be improved. allows iran toit go forward fast with enrichment programs which could lead to a nuclear weapon. no sanctions go back on that. we need to find a way of fixing that. the president has been right to call attention to it. you have got to do that without just throwing the baby out with the bathwater. jessica: the white house says xi jinping's top economic adviser plans to visit washington for follow-up trade talks. that's after the trump administration officials returned empty-handed from beijing. the vice permit or will travel to the u.s.. each side has issued a long list of demands. to meetr is refusing those demands. italy appears headed towards a new elections

betty: i'm betty liu. a heads scratcher for the fed. unemployment falling to 18 year lows. policy and succession at berkshires meeting. ♪ betty: just a reminder on what report.ith the job showing how robust the jobs market is in the u.s. this chart it have. it shows you how rare it is to see the rate drops below 4%. in april, there were only four other periods of time where we saw that rate fall that far. begs thehe quest -- question. where is that wage growth? it is hard to look at the jobs rate and say we know where the and bash direction of inflation and wages is going. -- direction of inflation and wages is going. yvonne: labor participation was also down, which was surprising. it may be technical like the analyst said. it will not do much for moving policy.le for perhaps what we saw such a positive reaction on friday in the stock market. at what the look reaction was on friday. we saw the dow urging -- surging. rising up 1.7%. market participants noted that , the fedhe numbers will likely stay on a three rate hike path this year. this goldilocks economy still in tact. g

in newi am betty liu york and are watching daybreak asia.not succumb to what the cost threats from the united states on trade in the comments, from a senior government official hours before talks begin with delegation of the trump administration officials. officials told bloomberg patient want accept any u.s. preconditions suggest abandoning long-term ambitions and narrowing the trade gap by $100 billion. the fed left interest rates unchanged, close to target and that indicating any potential to veer. signaled weakness in growth and removing a statement in the march statement that economic outlook started in recent months and balanced it up a noted solid growth in business investments. starbucks has settled with two black men wrongfully arrested at a philadelphia store for an undisclosed sum and promised to pay for their college education. does a settled with the city with a's symbolic one dollar each and promise of $200,000 programs for young entrepreneurs. starbucks described the reprehensible and closed stores for staff training. trump sa

betty: i'm betty liu in new york, just after 7 p.m. the white house sees momentum building in talks with china this week. any plotting a new strategy, three-year move away from hardware and into more lucrative areas. ♪ betty: we are always watching the markets so closely, one big investor, or other investors like to watch is warren buffett. i wanted to pull up the chart, which i found some interesting. finally warren buffett has fangn on the thing ride -- ride. one stock doing well for him. apple shares, as we know warren buffett has shooed away from tech stocks, but he finally got on the bandwagon. he got onto apple, and they share rise of apple, the rally of apple shares, they have been his more traditional stocks like coca-cola. he has always said, that he has tried to buy stocks of companies he understands, that is why he likes coke, but not doing well for him these days. yvonne: it is interesting. it has really turned the sentiment around the fangs in particular. we saw a boost when it comes to equities. look at the volumes, still

i am betty liu. david: i am david ingles in hong kong.k at venezuela now because there has been an election ongoing that has been ignored by many at home and criticized by many abroad. people are simply refusing to vote in what they say was a sham that guarantees nicolas maduro another six-year term. joining us from caracas is our latin america managing editor. give us a sense of what the mood is like. reporter: i think throughout the how there was surprised empty it was. you saw not only did the traditional opposition voters stay home but a lot of government supporters as well who are disillusioned or kind of not in the mood to back this government for another six years. at this moment the fold -- the polls are supposed to close, and there is no announcement, so we are waiting for details, and results should come in a couple hours. betty: the fact that is polling stations were empty, what does that say about nicolas maduro, the candidates, and the campaign? reporter: it was an uncharacteristic campaign. there was little show, much optimi

recognizing investment agencies.ies across betty liu is standing by with more.age cq head holdings, great to see you again. it's been about a year since i think we last spoke. you have greatly diversified your portfolio and you just had a very big transaction here. over a billion dollars here. oures, that was part of life sciences into tea were we made an investment in the , a virus in the immunotherapy phase. we've been working on it for a while. betty: event $8 million into it? >> yes. we cut a deal to sell it to janssen, a pharmaceutical ,ivision of johnson & johnson the total all in could be over a billion dollars, so it's a nice deal. betty: certainly it had a big return. he's a guarantee you will get the billion dollars? philip: we will get $140 billion upfront and then there will be milestone payments which is typical for transactions like this in the pharmaceutical space. but the fact that johnson & johnson is putting a tremendous amount of effort around it, we feel for you comfortable with that. i know you've mentioned this, i read the transcript of you

from bloomberg's global headquarters, i am a betty liu. president trump changing his story on stormy daniels, admitting he did repay hush money but saying it was legal. why a spending spree is weighing on alibaba was bottom line. betty: in the markets here, there was lots of digesting of the fed statement and watching out for inflation and whether that could spook markets. we will a clearer picture of inflation tomorrow with the jobs report. chartsto pull up the gtb charts to show this. the markets tanked on that. the fed may in fact be going on a tighter rate hiking cycle than anticipated. particularly after the fed's concerns, or these perhaps interpretations, the fed will let interpretations run hotter. was march just a blip here? are we going to see that bounce back in april is a key question. thatntinue to see calls perhaps things will get better. the latest note said he concerns over monetary tightening are likely overdone. we heard from the statement that they mean not respond as aggressively even if inflation does overshoot. that wa

. >> i am betty liu in new york, it is after 7:00 p.m. wednesday.cused on the sprint sale and masayoshi son's

that does it for "daybreak australia" this morning, but i than men betty liu are up next with "daybreakoring as the fed meeting was supposed to be, we have interesting lines from the fed statement with no changes in policy and talk about the inflation outlook and the fed suggesting it will let inflation over should a little bit. at what special is the key question, and a professor from the harvard institute joining us the next hour or so. paul: that is conducted on daybreak asia. stay tuned. ♪ betty: 7:00 a.m. in hong kong we bloomberg's asian headquarters. welcome to "bloomberg daybreak: asia." asian stocks headed for a mixed start as the fed delivers a bloomberg's asian hawkish hold. signaling inflation rising above 2%, remaining on track for gradual hikes this year. york, wherein new it is just after 7:00 p.m. this wednesday. ing not to submit to u.s. threats. elon musk says tesla should generate

betty: i am betty liu. you are watching daybreak australia.oop dogg among the thousands of -- is he a rap legend? thousands of enthusiasts meeting in new york, hoping to pitch blockchain as a solution for everything from inefficient financial transactions to global poverty and debate that run until the weekend. it is being called blockchain week here in new york. it has got everything from rap concerts to the first ever block chain jobs fair if you want to get a piece of that action. thatt to pull up a chart shows you how popular this has become. look at that, 7000 attendees are expected. just three years ago almost 625 people attended these. haidi: even though we have had cryptocurrencies, bitcoin down 50% from the record high, that is not reflecting ticket prices to get into these events. the tickets, the consensus going up as much as $3000 for one ticket to get into here. james bullard, speaking. he said the twitter ceo is speaking. it will be a ripple after party, headlined by snoop dogg in a meatpacking.on in but the hype is very much the

i am betty liu in new york. yvonne: i am yvonne man, you are watching daybreak asia.salind chin. rosalind: iran will stick to the 2015 nuclear deal despite americans decision to pull out. the president said the accord can provide if the other five signatories stay firm despite the u.s. decision tramping on international agreements. the advisor john bolton warns the u.s. could impose sanctions on countries and companies that do business with iran. >> they would love to stay in the deal. why shouldn't they? they got everything they wanted from the obama administration, but i think the europeans will see it is in their interest ultimately to come along with us. is the u.s. going to impose sanctions on u.s. companies that -- european companies that do business? >> the answer is it depends on the conduct of other governments. yvonne: the uae energy minister capacity tos enough question the oil market should the u.s. imposed sanctions on iran. , they have anear adequate buffer of output, adding the cartel has dealt with similar situations in the past. >> we have been there