i am betty lou. that is in the question heidi, as we get further and further to record highs in the u.s. markets, volatility is coming lower and lower. it is a puzzle here. we are at the peak in the markets, but investors do not seem worried if you look at volatility indexes. to betuld not want against hitting record highs, even with the track record, but we have quite a bit of risks. we have president trump speaking to congress for the first time this week, that will be a key event in terms of getting these policies -- policy indicators we are looking for in the markets. in asia we are setting for a negative open this monday morning. we have new zealand's trading under way there. , the kiwi dollar not moving much. australia, we have futures for the assets as well, and opens here in sydney and tokyo. we have five out of the six sessions and australia trading lower. take a look at these patterns, we are close to a bearish -- potential bearish technical indicator. hold of 6/10 of 1%, crude falling afte

i am betty lou in new york. yvonne: and i am yvonne man in hong kong.ns,pr including flagging demand and donald trump's nationalism. a question andis not just a factor for some of these companies. toyota did actually say they expect a nearly $2.3 billion net positive effect on operating profit area -- profit. operating profit at about $16.4 billion. it is $16.2 billion in the year through march. there is quite a difference fall, and they expected to , about one quarter less than the last financial year, so the has helped toyota raise their operating forecast, but the demand, really, we want to see growth fueled by demand, and that really does not look that strong. it is definitely flagging in the u.s.. u.s. auto sales down euro per --r, 2017, and sales flat year by year,n 2017, and sales flat. tooysts are not disheartened by this. all right come but what about the protectionist trade policy and the impact that might have on toyota? >> this is something that toyota needs to look at, because toyota generated more revenue from the north america market than

. >> this is daybreak asia, i am betty lou in new york. takingswagen may be another stab at india after a failed entire with suzuki. this unlikely partner is not a dominant player in the country's passenger vehicle market. we are tracking the story now. this alliance would put volkswagen with tata motors. how advanced are the talks right now? >> hopefully, the second time lucky for volkswagen. years, volkswagen and tata motors have been exploring several options. tata motors has been looking for , anders such as in persia it looks like now that bulls wagon may be helping it -- push todd will help got into market. they will be developing cars were emerging-markets. the genevanounced at auto show in march. there is no guarantee an agreement will emerge. some of the market are saying it is still unclear the partnership will take -- what form the partnership will take. it is no surprise that company factories are a large size of the indian empire. there is a great potential for growth. >> this could be a game changer for tata? >> you know what