nejra: good morning from bloomberg's european had orders. this is "bloomberg daybreak europe." washingtons head to to try to keep car tariffs at bay. is a sweeping trade deal possible by year-end? dovish turn. it could take several meetings to determine whether risks are getting worse. 10 year treasury yields lower. europe's dirty money scandal widens. moneyanks drawn into laundering allegations centered on russian funds. ♪ nejra: good morning everyone and welcome to "daybreak europe." just under two hours from the start of cash equity trading. not a lot of directionality when it comes to markets. yesterday the s&p 500 closed slightly over. futures on the back foot today off by 0.25%. caution coming into the equity markets. money going into 10 year treasuries. that 10 year yield dips by a basis point. the bloomberg dollar index on its sixth day of gains. we are up 0.2% in today's session. following the gdp data out of australia, you are seeing the aussie come under pressure. what are the implications for monetary policy? could a cut the in the cards? let's see what cable is doi

this is "bloomberg markets." vonnie: the s&p 500 down 3/4 of 1%. the dollar index is close to its high for the year. we can thank mario draghi for that. suffice it to say that both euro and british pound are much ofer, the two big components the dollar index. kroger is down, the biggest dragger on the s&p 500. margins a little but of an issue there for kroger. estee lauder is bucking the 1.1%,for retailers, up getting a great outlook for china. jp morgan is upgrading estee lauder today. tell us more about the ecb and mario draghi. guy: mario was much more dovish than the market anticipated. we also got a deferment of the raising of rates from the ecb. we are not going to get a rate rise in 2019. downgradednificantly their economic forecast, particularly for 2019, which is a really big deal. the fact they didn't significantly change for 2021 implies a certain degree of panic at the ecb. the market has reacted reasonably strongly to this. here is the session chart of euro-dollar. of 1% move on the euro. let me show

this is bloomberg. ♪ francine: this is "bloomberg surveillance."our top gdp -- china has set its gdp growth target. it will give policymakers more room to maneuver. the top bracket will see a cut of three percentage points. percentage taxne cut will be made to second highest brackets. deficit.sed budget that marks a small increase from last year's goal of 2.6%. president trump is once again trying to counter what he believes are unfair trade practices. yesterday, the u.s. president notified congress he plans to terminate key preferences for india and turkey. currently, they are allowed duty-free entry of about 2000 products including textile materials. joining us is bloomberg's managing editor for global emerging markets. how much of a surprise is this and what does it mean for india and turkey? justin: it is a surprise and a sense that it could come at any time at all because the various protagonists in this debate have been talking for some time. i think the talks with india go back to april last year. when appears to have happened is that mr. tr

we are now joined by our bloomberg and bnn bloomberg audiences.e are the top stories we are following him around the world. in a few moments, president brazil president bolsonaro will deliver a joint news conference in the rose garden. we will take you there life. it is budget day in canada. the finance minister will unveil his fiscal plan amid an economic slowdown and a dip in the polls for trudeau's administration. u.s. secretary of agriculture sonny perdue says china could triple its buying of u.s. farm products. we will have that interview. let's get started with a quick check on the major averages. to. stocks managing hold onto gains despite that report talking about u.s. officials right now seeing china backtrack on some of those trade concessions. u.s. trade representative office now seeking some details on china's revised offer for intellectual property. weer that report came out, saw the dow, s&p 500, really, u.s. stocks take a dive. biotech went negative, semiconductors there back a reportsspecially after saying that the u.s. and china a

this is bloomberg. ♪ il. this is bloomberg. ♪ >> this is "bloomberg surveillance." business flash. in japan, the new lawyer for carlos ghosn said his third request for bail may succeed. he has been jailed on allegations of financial misconduct. he has promised to accept camera surveillance to monitor his activities. iron orof the largest producer is stepping down. he promised there would never be a break on his watch. january, mored in than 180 people killed, 120 missing. way claims shee was illegally detained. she was arrested after a request from the u.s. government. canada has agreed to an extradition hearing. trump accuses her of violating sanctions against iran. cisco suggest government should not worry the chinese telecom will dominate the race to build five g network. wireless infrastructure will continue to be built by companies from the u.s., europe, and china. there is concern that huawei gear could be used for spying. that is the bloomberg business flash. francine: recently, the year old area has released dismal economic -- eco-numbers. companies are cont

this is bloomberg. ♪ >> this is "bloomberg daybreak."gesthe world's aluminum producers is fighting off a cyber attack. it is saying it is switching to manual production when possible. it provides highly specialized aluminum parts to customers, including aerospace and automobile making. another shot at eli's muscat, saying it is stunning that elon musk did not seek preapproval for any of his tweets. the agency has reiterated its request that musk be held in contempt of court. it is a sign of new competition between two silicon valley apple and netflix. reed hastings confirming the company will not be taking part in apple's new streaming service. apple plans to unveil the platform next week. that is your bloomberg business flash. alix: does that mean i can't get netflix on my apple tv? oh man. i'm going to have 17 different apps? fed officials begin their march policy meeting today. market participants expect them to stand pat. >> we are in a place where we can be patient and flexible. >> we can be patient. >> we can afford to be patient a

this is bloomberg. ♪ . eó2w carol: welcome to "bloomberg businessweek." jason kelly. we are inside the magazine's headquarters in new york. carol: in this week's issue, what feels like facebook's never-ending crisis, one year since the cambridge analytica scandal.

this is bloomberg. ♪ francine: this is "bloomberg: surveillance." turn to the global drinks maker campari. the company is benefiting from the revival of cocktails. but there is plenty of room for growth, particularly in asia. bloomberg intelligence says the region only makes up around 2.5% of their sales. joining us now is the chief executive. great to have you on the program aired -- program. when you look at the potential in emerging markets and china is that where you want to come in? the focus on the u.s. and europe? bob: absolutely, our core markets are the u.s. and europe. it is fair to say our weakness in a -- is asia. that is because we have not invested or focused much on asia, because it was a high and cope back or single malt markets -- singlest was huge malt markets. the rest was huge local brands. but with consumers getting to travel and experiment with mythology and cocktails abroad and they're there bringing the habit back home. that is a great opportunity for us. we have the number two cocktails in the world, the negron he -- n egron

this is bloomberg. ♪ we are getting some data on japan crossing the bloomberg.indicated, they are jumping to 3% from 2.5%. .hat is better than expected there was a concern that the type dish tightly for market conditions might have date. the job to applicant ratio is holding steady at 1.6%. the same as the month before. this is not intense of 1%. pace from 6/10 of 1% in february, excluding fresh food and energy. this is still fairly off yet. there is the jobless rate falling to 2.3% against expectations. of course, we have other data coming out. are retail sales numbers as well in the next half hour. but it caught up-to-date with the first word news. >> it is prepared to talk to china to reach an agreement. friday will be a full day of talks before they had that to washington next week. the major issue is dealing with enforcement and the u.s. needs to be patient. not time driven, this is a policy enforcement driven deal. things have to be done just right. as the president said, it has to be a great deal. boeing is being sued on behalf of a passenger killed in th

bloomberg has learned u.s.y dust off post crisis rules that were on the back burner, rules meant to curb bonuses that could encourage investors to take dangerous risks. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. guy? guy: thank you very much. european markets have settled. london ticking a little bit higher, dax a little bit lower. bat is the biggest gainer in terms of points, in terms of the stoxx 600. and do not forget to tune into bloomberg radio, "the cable" show will be at the top of the hour with the jon ferro in new york. i was join him here in london. we are live on digital radio. and of course on all of your bloomberg devices. this is bloomberg. ♪ guy: live from london, i'm guy johnson. vonnie: in new york, i'm vonnie quinn. this is the "european close" on bloomberg markets. regulators considering restrictions on bonuses through wall street. bloomberg reporting that even the anti-regulat

this is bloomberg. ♪ viviana: this is bloomberg surveillance. could be the insurance industry's largest merger. the insurer is weighing in auxerre big -- did. bloomberg has learned aon is preparing to submit an offer. shares of willis tower hit a high. the company is valued at $24 billion. wall street to clean up one of the shadiest corners in finance. bloomberg learned goldman sachs and jp morgan are among those agreeing to a plan. it within sure defaults are tied onstress and not traders derivatives. today is the final day of production on the general motors plan. gm announced a major restructuring that included closing for plants -- four plants. gm says almost all the blue-collar workers whose jobs are in jeopardy can work with the company elsewhere. tom? thank you. this is important and has a lot to do with making money and operating income and return on equity. makeup,a surveillance annmarie hordern did. we look at kylie jenner. it is about image. it is also about money. rihanna prosed the filter foundation. what is rihanna getting right ne

this is "bloomberg markets." vonnie: lots going on in these markets. the s&p 500 down 4/10 of 1%. it is not such a dire story for the dow right now. i handful of stocks higher, including boeing. the worst, fedex performer, down 6%, the second downgrade in six months on its outlook of global growth. we also have general mills performing very well today, the best in the s&p 500 right now. it's premium pet food line is going to help it going forward, and it is raising its guidance. flat, earnings seem to be so not a lot to write home about. i did want to point out forward, automakers and -- point out generaltomakers in down today, experiencing a blowback on a story on how explorer owners are experiencing migraines and there is an investigation ongoing. guy: european automakers also trading lower today. bmw in particular trading down on its outlook statement. european stocks at session lows on the day. we are watching at the moment the pound falling. in fact, the lights have just been turned off and the foreign excha

this is bloomberg. ♪ carol: welcome to "bloomberg businessweek."re here at bloomberg headquarters in new york. carol: this week, how theresa may survived the worst loss for a british government in more than 100 years but managed to keep her cool and keep working. jason: it is a great inside story. plus, how effective or not have trump tax cuts been for economic growth? carol: and i got another question for everybody.

carol: this is "bloomberg businessweek." ♪ jason: back to "bloomberg welcome back to "bloomberg businessweek am jason kelly. carol: and i am carol massar. you can also listen to us on the radio on sirius xm channel 119 and on a 11.30, 99.1 fm in washington, d.c. jason: a.m. 960 in the bay area, on dab digital, and through the bloomberg business and. so, carol, how banks are helping etf's avoid big tax bills. carol: it's a fascinating story on the short-term trades, called heartbeats. you can see how these traits have spikes recently. jason: it is a massive jump up. carol: alex and rachel evans explain. alex: in september, we saw this enormous inflow of cash into a technology fund, followed by an outflow. this is something we had been watching for for a while. we heard about this big index rebalancing that was going to take place in september, as it got reject. we were looking to for this and when we saw the inflow it was really large, more than 3 billion, and it got us thinking about what these traits are all about. we have seen these trades in the past that typically happen with an index re

nejra: this is bloomberg. ♪ nejra: this is "bloomberg best." i am nejra cehic.et's continue our global tour of the week's top stories. at a meeting of the opec plus alliance of oil-producing nations, the group kept supply curves are in place, but there's strain between the most powerful members. guy: saudi arabia's minister said opec and its allies have much work ahead to balance the global markets. who is the most important voice to listen to at these meetings? is it saudi oil minister khalid al-falih, or is it mr. novak from russia? annmarie: it is increasingly looking like the russians are the ones that are setting the agenda. they were talking about they have so much more to do in terms of cuts. inventories are building in the u.s. they are surprised about the shale output, and these cuts need to come. he did say we have to make a decision coming up, it was clear he said there's more work to be done to clear this. while this russian oil minister, alexander novak, says we need to wait and see. today, they said we're going to scrap this april meeting and there

this is bloomberg. ♪ vonnie: a bloomberg exclusive. some u.s.ls are saying china is walking back trade offers. officials telling bloomberg news they see china walking back trade offers. said to be looking for details on this revised offer and it relates to intellectual property. the u.s. and china are still debating data services and pharma issues. some u.s. officials are saying the china moves are normal. the big headline is some u.s. officials are saying china is walking back trade awful. let's bring in ceremony -- trade offers. let's bring in sarah mcgregor. how expected is this? wrinkle does throw a into the talks between the u.s. and china. we are hearing china has come back to the u.s. and it seems to be backpedaling on commitments u.s. andde great the china are at a stake in negotiations were the promises and pledges and things they are working toward are written down on paper. there is an understanding in the absence of a trade deal being signed of where they are headed. china now backpedaling on some of its promises over ip, which is at

this is bloomberg. guy? guy: thank you very much indeed. coming up next, we are going to continue our coverage of new zealand's mosque attacks. we will deal with the details of what we've learned and what we can dig away from the incident. this is bloomberg -- what we can take away from the incident. this is bloomberg. [sirens] ♪ ♪ guy: live from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." guy: let's get an update on those markets. let's go to abigail doolittle. abigail: there's a bullish tune here on friday, and it really started in asia and europe. the s&p 500 up about 2/10 of 1%. the dow has flipped slightly lower, but performance coming coming athip sector its best day in three months. as for the strength in europe as the brexit extension was voted in, we see the dax up 7/10 of 1%. we also see the shanghai composite up 1% after two big down days following delays in trade talks for the u.s. and china. we are still stalled for the s&p 500. as we take

this is bloomberg. vonnie? vonnie: an update on a bloomberg exclusive. of london has outlined a plan to address allegations of sexual harassment. it has set up an independent whistleblower hotline and is laying out potential lifetime bans for inappropriate behavior. this follows a bloomberg businessweek article which found a culture of sexual misconduct and had testimony to bloomberg from 18 women. is our us from paris reporter. lloyds coming out with some results from an investigation. explain to us where this emanated from. bloombergmes from a businessweek story written by my colleague about the culture of sexual harassment at lloyds. it is a conservative, almost hidebound place. it is annexed jerk -- it is an insurance exchange. the way the exchange functions is still like the nyse was decades ago. things are done in print, things are done face-to-face, things are done at the pub and back of the exchange. the attitudes that members of the exchange held 40 or 50 years ago have not seem to have gone along with the rest of society. the story gavin wrote

bloomberg anywhere app. customize the settings so you get the news on the asset classes that matter to you. this is bloomberg. ♪ shery: let's get you a check of the latest is this flash headlines. facebook has entered the debate about social media responsibility and internet regulations 10 days after the livestreaming of the shooting in new zealand. toldook's head of affairs bloomberg that regulators around the world would agree on expander's, rather than rules. it echoes calls made by the weekend. is sending a software team to europe to brief aviation regulators after european safety officials declined to attend the plane makers 737 max up grade meeting last week. ae eu is expected to play lever old to bring it back to service. role.eveead they have criticized the training plan is insufficient. the uae energy producer is revising plans on the stock exchange to win a better valuation. we are told it is dusting off a 2011 plan to offer shares in the u.k. after its prospects in eu rac -- in iraq and egypt impr

this is bloomberg. ♪ ♪ viviana: this is "bloomberg daybreak."loomberg markets," chiefgreene, economist. ♪ -- this isis is "bloombergis daybreak." president trump tweeted he sell gm's ceo to try to the plant and shifted blame to the union. the president demanded they keep the factory open. the founder of huawei saying revenue climbed 32% the first two months of the year despite pressure from the u.s. over the use of the chinese telecom gearpment maker's regarding 5g networks. an investigation by auditors confirmed the faa wasn't holding boeing accountable, bloomberg learning regulators were examining the 737 max's certification for the second of two deadly crashes. that is year bloomberg business flash. alix: thank you. that was pretty horrible. david: exactly. it turns out they knew there were problems with the way they certified this aircraft beforehand. that is not good for boeing or the faa. alix: not at all. we are monitoring that story as well. we turn now to wall street beat. we could have the biggest merger ever in international payments.

this is bloomberg. ♪ jonathan: "bloomberg real yield" starts right now.concerns lingering, the u.s. yield curve inverts for the first time since 2007. more ugly european data. the german 10-year yield dropping below zero. negative yield assets worldwide, toward $10 trillion. we begin with the big issue, curve inversion for the first time since 2007. >> potentially cautious. >> versions are followed by a

this is bloomberg. ♪ viviana: this is "bloomberg surveillance."ed to buy rpc group 44 $.4 billion. that derailed the planned takeover of the british maker of packaging materials by apollo global management. u.s. regulators cause their review of t-mobile's proposed takeover of sprint. the federal communications commission some more time is needed to review the arguments for the deal presented by the companies. the agency says it wants to review significant new information. the pentagon is reviewing elon musk's security clearance over marijuana use. the billionaire refiled his government security form. it requires the applicant to disclose any illegal drug use. last year, he smoked marijuana on a comedian's podcast because of his role as ceo. clearance.cret level the company certified to launch military spy satellite. francine: thank you so much. two biggest lenders are reportedly stepping up merger talks. deutsche bank and commerzbank have intensified formal discussions. joining us now from berlin is chad thomas, bloomberg's managing editor for wes

this is bloomberg. ♪ is bloomberg. ♪ francine: this is bloomberg surveillance -- viviana: this is bloomberglower in premarket trading. they'd are delivering strong -- they are delivering strong third-quarter earnings by came short in came up u.s. sales. for the jumpy am -- tiam. of that increase was to compensate him for a pay cut in 2017. it was designed to calm shareholder objection. deutsche bank is looking to reverse its declining revenue in its annual report. their lending the market environment -- saying the market environment -- that is the bloomberg business flash. taylor, francine? thank you so much. let's talk more about deutsche bank. is our bloomberg german reporter. stephen, what is the outlook for deutsche bank here? as we heard, it is a positive outlook. deutsche bank expects revenue to rise up for the first time since 2015. i think people are happy about it. the share is slightly down, but -- up at open. is this a realistic outlook even the market environment? can they really achieve revenue growth from the first quarter, which is traditionally their strongest? what does the

we are joined by our bloomberg and bnn bloomberg audiences.iggestny's banks are discussing a merger after months of informal talks and weeks of increasingly feverish speculation. oil rallies. opec and its allies reaffirm their commitment to output cuts but say they should defer the decision until june. yft driving toward an ipo. to rideshare company seeking raise $2.1 billion in its offering that would value the firm at nearly $20 billion. let's get started with a quick check on the major averages. u.s. stocks lacking clear direction, the down now unchanged. of course, we know boeing is taking another hit on news surrounding their 737 max 8. the s&p 500 is holding on to some gains of .2% but we are seeing communications and real estate weighing on the index. the moment.nged at sterling taking a hit as we saw the speaker of the u.k. another bidlocking by prime minister may to get her brexit deal for a third vote. at the moment, amber we are lacking clear direction. absolutely. on oil it seems the market has a direction. oil prices hitting the h

this is bloomberg. ♪ this is bloomberg. ♪ vonnie: this isvonnie: "bloomberg markets." vonnie quinn. attempt torump's blame federal reserve chairman jay powell for the hiccup in the economy have made a home -- come back, this time directed at the president's conservative base, as you your support his reelection campaign. a rally in maryland, he says the u.s. dollar is too strong, criticized i will as someone likes to raise interest rates. but many investors and economists are learning to turn out the so-called noise with the dollar continuing to strengthen today. the jeanna smialek is here with more. noise or not, that is a subjective monitor or what the president is tweeting. how likely is the president to get his wish for a weaker dollar? >> based on the analysis we are hearing, based on the story my colleague wrote today, not likely. u.s. growth looks much stronger and the data looks much stronger than what we are seeing globally, which should speak to a stronger dollar. the thing that could weaken the dollar, would make president trump and jay powell happy, because

this is bloomberg. ♪ anna: good morning, welcome to bloomberg.n brussels for the european leaders summit alongside matt eller in berlin -- miller in berlin. : bonds jumped to multi-highs as investors anticipate the end of the global tightening cycle. fallequity index futures and the cash rate is less than 30 minutes away -- trade is less than 30 minutes away. ♪ anna: may's last stand, the eu but chileit a pause, has two more weeks to get a deal over the line. squeeze bank and credit payout despite a turbulent 12 months. they vowed to make good on their long anticipated turnaround. ducking the nasdaq, bloomberg learns that uber is lining up the new york stock exchange. it could be one of the biggest listings of all time. matt, good morning. matt: good morning to you, anna. let's take a look at the pound. you are in brussels where theresa may has gotten a reprieve. it does not show through in the cable rate. this is a three-day chart and you can see we came down to 1.3 flat yesterday. we have not made it under concern of hard brexit. the pound has

this is bloomberg. ♪ >> this is "bloomberg best."et's continue our global tour of the week's top business stories. in paris, where the french president hosted the chinese president, the leaders crafted a major deal for aircraft. >> airbus got a $35 billion deal with china during xi jinping's visit to france. the 300-plane order is a blow to boeing, and sends i a not-so-subtle trade war message to the u.s. >> this is a bigger contract done what was a discussion between the countries last year. definitely a very big blow to vote -- big blow to boeing but a definite win for airbus. >> how political is this deal? it can be nothing other than political i suppose. >> it's very political. just from a technical point of view, but also a goes down well for the french president because he spent the day yesterday in paris asking for two-away trade with china. he does not think europe should be just a takeover target with china. you also have the chinese perhaps sending a message to the united states of america. you could argue the chinese are s

"bloomberg surveillance." this is"bloomberg surveillance." -- this is "bloomberg surveillance."m start an hour early because we change the clocks in u.s. tom: the ft on the cover today

this is bloomberg. ♪ viviana: this is bloomberg daybreak.nergy ceo. this is "bloomberg daybreak." boeing plans to meet with regulator, pilots, and technical leaders to explain plans for getting the 737 max 8 back into service. the aircraft was grounded following deadly crashes in less than five months. the plane maker plans to hold an informational session on wednesday. a call fornk ditched investors to short the nations benchmark bonds after a rally said yields below zero for the first time since 2016. germany's largest lender recommended investors bid on rising bund yields. now it says it will reevaluate its outlook after week german manufacturing data boosted global debt market. -- traders in hong kong to work on its equities desk. stafferscoming after were pushed out in the wake of an internal investigation. the january probe examined whether traders properly exposed the banks financial interest while facilitating stock trades. that is your bloomberg business flash. carol: it is time for follow the lead, a deep dive into stories making h

welcome to "bloomberg markets." by our bloomberg and the bnn bloomberg audiences. shery: breaking news regarding brexit. the u.k. prime minister theresa may saying she will step down once brexit is delivered. she plansold tories to leave before the second stage of brexit. reserveive federal nominee stephen moore thinks the central bank should cut interest rates by half a percentage point, a position well out of line with other policymakers. with aet you started quick check on the major averages. we see u.s. stocks under pressure, treasury yields under pressure. of course concerns over the economic outlook. the dow reversing two sessions of losses to 5.3%. every sector on the s&p 500 is in the red. %. losses to 0.3 euro-dollar unchanged but we are seeing pressure for the british pound as -- not pressure but upside for the british pound, up .2%, especially after we got the latest headlines that prime minister may is planning to step down before the second stage of brexit. amanda: of course, other boats still to come in the u.k. parliament that will be market moving l

this is bloomberg. ♪ is bloomberg. ♪ lisa: this is bloomberg daybreak.is on assignment today. nasdaq futures pointing up. tech is leading the way even as the dow sinks as we have boeing leading shares lower in that index. up, shockinges given the fact that theresa may does not have support for her latest brexit plan and the dax up as well. let's get a checkout was going on across assets. crude getting a bit as saudi arabia plans to prolong their output cut. 10 year yields climbing two basis points. iron ore dropping. trade talks on-again/off-again. now we are off-again a little bit or there is some skepticism? and theney skyrocketed the disaster down in brazil. hurtadorn to viviana who is here with first word news. viviana: president trump will propose a budget that would not balance for 15 years despite plusger economic growth, the president is calling for domestic spending cuts. these have little chance of passing congress. a warning for opec. the oil cartel will be squeezed by u.s. shale producers in the middle of the next decade. the iea saying by 20

this is "bloomberg best."r weekly review of the most important business news, analysis from bloomberg around the world. let's start off with a look at the top headlines. on monday, reports of progress towards a trade agreement between the u.s. and china had investors feeling optimistic. >> the u.s.-china trade deal could result in lifting all tariffs in china rise more american products and commits to protecting ip. what is china willing to buy? >> they are willing to come to the table. they are willing to buy agricultural products. we're expecting more in the energy area. >> what are we offering china? >> we are offering a return to normality, it looks like, and that is a lifting of the largest piece of the tariffs imposed on $250 billion in chinese imports last year. are in this limbo stage of the negotiations because of the npc, because of the chinese political calendar, but are setting up for the end of this first round of negotiations. >> china has lowered growth target this year and announced a cut, sayi

and bloomberg l.p.wner and former new york city mayor michael bloomberg has ruled out a run for the white house. the 77-year-old thinks he would be president trump, but it you understand how hard it would be to win the democratic nomination. bloomberg said it would be better to spend his time and resource helping the u.s. to move to renewable energy. global news 24 hours a day on air and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. shery: turning to the u.s. markets, this was one of those sessions where stocks ended exactly where they began. investors are still keen to hear details of any potential trade deals. su keenan joining me now. it seems investors sat on the sidelines again. another session of low volume. su: they are waiting for a lot of detail on the trade front. we know about slowing global growth. on friday, we will get gdp and jobs data. right now, stuck in the range is the story. we did see the dollar higher for a fifth day,

this is bloomberg. ♪ nejra:nejra: breaking news crossing the bloomberg.e are talking about a $3.1 billion deal. we have confirmation this morning. , the ceo largest deal buying competitor careem. pay $1.4oing to billion in cash and another 1.7 billion dollars in convertible notes when the deal closes. they are looking for regulatory approval in 15 countries where careem operates. bloomberg previously reported toails of the deal expected close in the first quarter of 2020. uber is preparing to file for an ipo. after years of chatter, apple finally reveals its future as a services company, but will let's shift get investors excited? it unveiled its new offerings. these include a news subscription for $10 a month, also a credit card tied to apple pay. one of the big headlines was apple's new video service featuring hollywood heavy hitters like steven spielberg as part of the tech giants plan to take on netflix and disney. joining us now is bloomberg's intelligence tech analyst. thanks for joining. >> tv, gaming, credit card, and the news service. not a very

bloomberg. ♪ viviana: this is "bloomberg surveillance."on the new york stock exchange. the retailer raised $623 million in its ipo. shares sold above marketed range. levi strauss is benefiting from a rebound of the global genes market. ion air triggered a crisis and bloomberg learned the airline is preparing for an ipo. -- raise aise an billion dollars. hospitalational operator is having second thoughts about lifting in london because of brexit. bloomberg learning the company is considering u.s. and singapore. they plan to push back its ipo until next year. that is your business flash. anna, taylor? you very much. theresa may heads to brussels to push her european colleagues for three-month break to delay. the eu said she won't get the extension until she can persuade the parliament to support her deal. the deadlock over how long to delay britain's exit plunges the country even deeper into a political crisis. theresa may is expected in brussels a little later on today. is the us from london executive editor for international government for

this is "bloomberg markets." vonnie: the market is looking positive .1. 1% forup about 2/10 of each of the indices. that data will add to the idea that perhaps not all of the data is weak. fomc members17 saying there won't be any other rate hikes this year, up from just two in december. saying this morning that yields should be within the 2.4% to 2.6% range if that is the case. indeed, we did see yields come down. look at the 10 year right now at 2.52%. a good eight point basis point move overnight. the dollar index recovering some of last nights losses -- some of yesterday's losses overnight. plenty of stocks moving. one major drag today is going to be biogen. it is attracting the wrath of after an outsider treatment didn't appear to be working after stage two. we will be speaking about that in a moment. stoxx 600 got the down by 2/10 of 1%. the reason for that is that the banking sector is really down quite hard today. deutsche bank trading down circa 3%. the sector as a whole down by 1.5%. one of the factors b

welcome to bloomberg markets. vonnie: a lot to talk about today, including the latest brexit developments. breaking data on u.s. housing. there has been some weakness. today, the national index of homebuilders coming in at 62, just shy of the estimate of 63. last month was also 62. there are some signs of weakness. the s&p 500 is up 0.4%. it is that it's such an high. boeing is having -- it is out of high.on boeing is having an impact. a study with beneficial results for that company. the dollar index is 1.2. it is down for its sixth session in seven. a little weakness today. sterling is 0.5% weaker today. we are seeing euro strength. we are watching sterling. guy: we absolutely are. we are seeing a bid helping out the euro. up 0.2%.stocks are we saw the breakout friday in u.s. assets. we will talk about that. the cable rate is lower today. we could get news in the next hour or so as to whether the third attempt by theresa may's government to deliver victory in her brexit plan is going to go ahead. we will find ou

this is bloomberg. ♪ david: from bloomberg world headquarters in new york, i'm david westin.ance of power," where the world of politics meets the world of business. on the brief today, stephanie flanders on the ecb's bold move. kevin cirilli on the sentencing of paul manafort. it was bold and when it came across the wire i was surprised. stephanie: you look at what they are doing, it is all the things we expected them to do in a few months, but they did it today, so that is exciting. the markets are like, hold on, they are reacting because they are ahead of the curve, or because they do not have much ammunition. david: we will come back to you on that. we will go now to kevin cirilli. big event coming up this afternoon, paul manafort will be sentenced. kevin: he could be sentenced to more than two decades in jail. the hearing will begin just across the river here in arlington,

this is bloomberg. china's first official gauge for march signaling stabilization, the world's second largest economy using one of the biggest concerns from a global outlook. tom mackenzie joins us from beijing with more. is the manufacturing sector starting to were back? -- roar back? tom: certainly it seems to be green. 15.5 for the month of march, which was well above except tatian's, above -- above expectations and what we got in february. the biggest increase since 2012 in terms of the manufacturing gauge. nonmanufacturing also ticked up. when you peel back the top layer, you look at some indices that make up this picture and you see that new orders and new export orders were up strongly as well. new export orders rising to their highest level in six months. we have a terminal chart showing on. orders since early 2016. you get a clearer picture of the rate of growth. new export orders are still in contraction. but you did see a large tick up. somesaid this is a sign policy measures are starting to

this is bloomberg. ♪ back to bloomberg markets. the european open. 44 minutes into the trading day and you are seeing a little bit of turnaround in terms of the equity index figures here. the ftse and the cac gaining. buyer isn't helping, down 10% this morning after difficulty. thedot plot referring to fed chickens. the dovish -- thickens. willovish expectations come to a close this evening. markets are looking for details on the balance sheet. former fed governor randy crossed her positive vice, take the dot plot with a grain of salt. voice says take the dot plot with a grain of salt. wrecks a think that they will be patient -- >> i think that they will be patient for quite some time. matt: we heard from a number of people that we should not take the dot plot too seriously. a goldeneard that retriever is better at forecasting rates going forward. but the market does pay attention when it moves around. is that going to change? >> it will not change. people will inevitably pay attention to what the fed members are thinking. the econ

this is "bloomberg markets." vonnie: there's some breaking pending home sales data. we are seeing that pending home sales are down 1% month over month, more than what the market was looking for. it was looking for a decline of 0.5%. once again come a home sales down 1% month over month. previously, pending home sales 4.3%.p a little more volatile than the rest of the data. we will have a look at existing home sales and other data for a better indicator on housing. the s&p 500 is back above 2800 today, up about one third of a percent today. higher.lso the 10 year yield at 2.39%. u.k. yields are down. the commodities index is down today. we have been trying to make a bit of a bounce since the beginning of the year. it was up a little bit the last few days, but given that commodities are going to be the first hit if new tariffs come online, you can see why the bloomberg commodities index, with aluminum and all of the other commodities in it, is performing this way. we will talk a little more about the kind of stocks

this is bloomberg. ♪ alix: this is "bloomberg daybreak."e risk off day with a huge rally in the bond markets. s&p futures coming off the five-month high where they closed yesterday. european stocks lower. the dax lower. weakness in germany and france in terms of their manufacturing pmi drove european pmi lower and weighing on sentiment in europe. when it comes to bond yields, huge moves here. at zero on the 10 year german bund yield. that is the lowest level we've seen since october 2016. there were repercussions in the u.s., also a rally, and the spread continues to flatten. now at 10 basis points, almost around the record low we saw last year. crude also seeing risk off, down 1/10 of 1%. it all has to do with the strength of the global economy. how much worse are things that and we think they are? carol: we just continue to see more and more weakness. let's get an update on what is making headlines outside the world of business. viviana hurtado is here with first word news. viviana: good morning. bloomberg has learned president trump's ad

welcome to "bloomberg markets." we are joined by our bloomberg and bnn bloomberg audiences.ra foring a apple. tim cook announcing apple news+, a magazine news seduction service and apple credit card. and in version divergent. we explore what is wrong with the misreading inverted yield curves. oil is slightly lower over concerns that slowing global growth will hit you'll consumption, while in venezuela, president maduro is vowing change. how will markets react to his policies? let's get a quick check on the major averages. pressure across the board. the s&p 500 falling .3%. tet, financial under pressure as treasury yields continue to be pressured. the dow falling .2% for a second consecutive session. the nasdaq down .4%. investors still digesting the latest news around the special counsel's report, not to mention waiting more news on the u.s.-china trade deal. u.s. officials in china this week. we also have headlines over brexit. theresa may saying she doesn't have enough support or a third vote on her brexit deal. the eu now preparing for a no deal brexit scenario, saying th

this is bloomberg. ♪ anna: this is "bloomberg markets: european open." minutes to the start of trading day. sam unsted from our equities team is covering trade related talks. annmarie hordern is focusing on management news. first, what's the story with ahold? open moresaid it will retail locations in the united states. has always reacted pretty badly to any change from amazon in the u.s. retail market. this might happen again today. amazon's mostly planning stores on the west coast. ahold has mostly operations on the east coast for now. matt: thanks very much for that. sam, let's get to trade talks. what are we expecting? >> we are expecting broad-based gains. anything sensitive to the trade story. keeps, autos, i would also a lookout for semiconductors. anna: we will watch those. what's the news from u.k.? >> a management shakeup. ted baker's ceo has resigned. aviva reported a new ceo. both these could move on management changes. matt: thanks very much. stocks start trading on the others of this break. ♪ ♪ ? good morning. a minute to go until the start

this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." cechic in westminster for today's brexit quote. manus: i am manus cranny in dubai. another grounding of the boeing max 737 after the crash in ethiopia that killed 157 people. the decision comes even as u.s. regulators deem it were the, and , and boeingrthy says it is safe. stephen engle is tracking the story. where do we stand right now? this was the pivotal moment on the faa ruling thus far. wideen: the faa ruling has implications to airlines and regulators around the world. if they did a blanking -- blanket grounding of this, it would have reverberations all around the world. some individual airlines and regulators, dominoes are falling, but not blanket grounding right now. the faa put out a global note, saying that the plane is air -worthy. there's no conclusive evidence linking the loss of the ethiopian flight with the lion air flight that crashed in indonesia. the slight and data voice recorders have been found -- flight and data voice recorders have been found. we are also havin

this is bloomberg markets.irst news update. >> newly released documents give more insight into the f.b.i. investigation of president trump's former lawyer, michael cohen. that he was being investigated for nearly a year before federal agents raided his home and office last april. he's pleaded fwilty to tax he evasion and making hush money payments to two women who alleged they had affairs with president trump. he'll start serving a three year prison sentence in may. there is word u.s. officials began exploring a an investigation into how the boge 737 max was certified to fly before the latest crash. bloomberg has learned the probe was prompted by information obtained after indonesian crash in october. boeing engineers cleared the equipment at the center of the crash investigation. hundreds are dead, many more missing, and thousands at risk from massive flooding in mow zam being, malawi and zimbab yea ause canned by a -- zimbabwe caused by a sigh loan. that rainfall is rushing back through mozambique, further in