still more ahead on "bloomberg daybreak: asia." oomberg. ♪ bloomberg. ♪ haidi: this is "bloomberg daybreak: asia. i'm haidi stroud-watts in sydney. ramy: i am ramy inocencio in new york. bloomberg new energy finance joins us. this is great news, but have emerging markets made this much progress? launchedesterday, we the economist report, which measures emerging markets in energy advancements. for the first time ever, emerging markets have and -- have added more renewable energy capacity than fossil fuel capacity. that was slow progress that increased every year and that has led many technology prices and increase in investment in different types of ventures. ramy: what is -- haidi: what is coming number one in the survey? rankinghile tops our and this is mainly led by strong increasethat led to an also byy investment and a strong government that is committed to increase and accelerate its power sector. in the second position, for the first time, we have india, which policies,clean energy especially clean energy targets. also competi

our bloomberg asia tech reporter bringing us the scoop. t's bring in bloomberg tech analyst alan chan -- simon chan. what is your read on all this? how ambitious is this target? >> if we are looking at the numbers as a percentage, it is around 25% of the company's personnel expense. company cann the reduce the work hours and lower wages for senior management. this also reflects the reduction in demand for the customer as well. rishaad: how bad are things at apple? we look at what the other suppliers have been saying, the general reduction is around 20% or 30% reduction in demand for fourth-quarter. this could persist into 2019 as well. david: in terms of what the impact is on financials, obviously you have margins and all these other things. i would imagine this helps margins? >> it really depends. if this comes from a reduction in the top line, competition will force it to maintain its margin. could bee cost-cutting a reflection of the topline reduction. if they can maintain some of the margins, some of the profitability, the margin could

this is bloomberg. ♪ ♪ >> welcome to bloomberg asia.t the check on the latest business flash headlines. the revamp was hit by slower jewelry demand, same-store sales rose by have what analysts were expecting. tiffany is still in the impact of lower spending by chinese tourists, the jeweler has been trying to attract younger shoppers the result sparked questions about the strategy. wall street has lost one of its most prominent characters, embodying female empowerment, moved to her place staring down the charging bulls and will move to the front of the new york stock exchange by the end of the year. since the charging bull was created he said having a girl faced on his work has turned the bulls power into something negative. weibo adr has jumped after third-quarter net revenue beat estimates and monthly active users rose by any million. let's look closer at this with our asia tech reporter. tell us more about these third-quarter numbers and what stuck out to you. >> what really stuck out was all thate key online leaders left the platform

asia. and brexit drag down the euro. this is bloomberg. > this is "daybreak: asia." >> the clock is ticking on the brexit endgame. theresa may preparing to present her draft agreement. kathleen hays is here. is finally in sight. the pound reacting positively after three days of declines. are we getting ahead of ourselves given the uphill battle theresa may still faces? >> there has been such a earth of information, so maybe it is not surprising the pound did see its highest level since april against the euro. however, it is clear now that they are moving ahead. there will be a cabinet meeting tomorrow to discuss the draft deal, and the question is if theresa may can convince her cabinet that the whole thrust of brexit is leaving the european .nion there could be a special u.k.-eu summit on november 25. votes she needs to fight for -- doesbrexiteers who say it not go far enough, that they will be tied to the eu for way too long. there's also bureau files in the group opposing it. they are still worried about sovereignty, and then there's p

. ♪ bloomberg. ♪ haidi: this is "bloomberg daybreak: asia," i am haidi in sydney. shery on in new york. tencent has lost more than $215 billion of market value this year and the head of earnings said investors remain wary and caution is high. for more, let's bring in krane fund advisors managing partner mark schlarbaum. great to have you with us. we are expecting tencent revenue growth to slow down by how much? tencente consensus for third quarter 2018 numbers is revenue growth of about 20%. that is mainly coming from slowing gaming revenues. they have not gotten a new game approval since they shut down the new game approval's with pubg, which has become an incredibly popular game in china. and they aren june unable to monetize again, so it fromlling gamers away honor of kings and other games that can be monetized by tencent. they are being pulled away by pubg, which is unable for them to make money at this point in time. shery: we had heard or were expecting for china to stop this halt of game approval's by the fall and that didn't happen. they closed a green chan

asia. it is tgif. a chaotic week. more to come. this is bloomberg. ♪ haidi: good morning. kets have just opened for trade. and i'm sophie kamaruddin. welcome to "daybreak: asia." haidi: our top story this friday. looking to extend that rally. watch out for a chipmakers. still planning higher tariffs on china in a matter what happens

bloomberg. asia's largest real estate portal preparing to delve into new business areas.ised funds for the first time in three years as it explores areas such as mortgage financing. let's bring in its ceo, who is joining us exclusively from singapore. what are you going to use the money for? >> thank you for having us. we have had a strong period of growth over the last three years, organic growth. right to gotime was out and raise money for an organic growth opportunities. -- inorganic growth opportunities. we have consolidated our stake in vietnam, our fifth market we are now the market leader in. as on that -- beyond that, property moves from offline to online, there is a lot of trust the economy. finance is the next area we will start looking at, helping customers we affordability. brings nicely to the one you are announcing. you are not going to tell me about the next one. i will ask you about your business in southeast asian instead. >> we have been around 11 years in southeast asia. 55% of thefor about consumer market share. consumers trust us to get the best infor

still to come here on bloomberg "daybreak asia." ey smashes through earnings estimates thanks to its long-awaited "incredible's 2" sequel. discuss theirst, we trade war next. this is bloomberg. ♪ ♪ paul: this is "daybreak: asia." i am paul allen in sydney. shery and in new york. declines in four days exported drop here in and you've the u.s.. the former of is investment portfolio manager, di zhou. gotme dig into the numbers from chennai yesterday on trade. the gist of the chart on bloomberg shows we did not see much of an impact from the trade war on exports or import numbers. we are seeing chinese exports actually gaining more than expected, so when can we start to see some sort of fall out from trade tensions that seem to continue to rise between china and the u.s.? >> that is correct. the trade war, the impact and when the impacts come, and whether it actually brought an impact to the chinese economy. well first of all, it will be a gradual process the written company will switch their supply chain is really out of china -- no com

bloomberg. ♪ haidi: this is daybreak asia. u.s.cks fell for the first time in four days as anxiety ways on sentiment. the fight extends a rough november with markets trying to turn positive. our next guest says there is still room to run but there is a recession on the horizon. minerdeim partner scott joins us now. you joins us now. you say this could be the last hurrah for the bull. >> we are late into an expansion. the federal reserve, though they are emphasizing data dependency, are clearly in the path of increasing interest rates. the physical stimulus that came as a result of the tax cut will turn into fiscal drag in 2020. we are on a collision course. if the fed keeps raising rates and the fiscal stimulus proceeds, that leads to recession. ramy: let's look at the bloomberg terminal. we can take a look at what is happening with the yield curve. we have been talking so much about it. it is about 21%. a little more detail about that recession. as the economy is exceeding output at this point, we are overheating. unemployment is

bloomberg. paul: thanks. stocks in asiar strong gains following the advance on wall street as investors look past midterm uncertainties. let's get more from garfield reynolds. markets are happier with the dividend? >> the government, i think they are happy to see the midterms in the rearview mirror. there was some uncertainty. if there was a republican sweep, it might have emboldened donald trump. if there was a democratic sweep of both houses, that would have created serious tensions, supreme court judges, cabinet changes. holding on to the senate partly explains president trump's consolatory attitude. mostly youtoo, but look at it and we had some wobbles around the election. now we can get back to finding out how sustainable the rebound horrors the horse -- of october. shery: asia rising, the u.s. would fall. now what happens with the strong leads from wall street? we have eco-data out of asia. what is up for asian equities today? >> the economic data is likely to the put to one side, unless there are some stock drops on

that's it for bloomberg markets asia. this is bloomberg.s a grinch would love. [ bark ] nu uh, i'm picking the movie tonight. [ whimpers ] be sad, i enjoy it. show me grinchy movies. oh, goody. [ whimpers ] mmm, fine! show me movies max would like. see the grinch in theaters by saying... "get grinch tickets" into your xfinity x1 voice remote. [ laughing ] uh oh. something in my throat. emily: i am emily chang coming to you from seattle. coming up this hour, the midterm elections are over but the , security risks remain. we talk about the cyber threats that hang over a coming elections worldwide and why despite the outcry, facebook and google are the big winners of the night. plus, reid hoffman speaks out on facebook's handling of the elections and shares his prescription for regulations going forward. the boring company comes to san

asia." this is bloomberg. ♪ shery: this is "daybreak asia." i am shery on in new york.haidi stroud-watts in sydney. softbank's vision fund will invest $2 billion in a -- funding and development. they sell products from consumer electronics to food and claims that half of korea's population has downloaded its app. obviously some made -- masayoshi son made a fortune backing alibaba. the of the structure company says it is considering selling minority interest in some of its assets. it will be listed on the london stock exchange. the ipo could give them more firepower for deals and would also cut its exposure to the u.k. ahead of brexit. haidi: japanese shipping line reducing forippon, crew members. the goal is to make it easier for seafaring workers to convert money into their local currencies. most of the crew uses 800 -- the digital coin would be pegged to the dollar. coming up in the next hour of "daybreak asia," we will be discussing the market plunge. we have got of course the major market opens, up next, falling on the back of a wild session on the broad-based sello

this is "bloomberg markets: asia ."quity markets across several related benchmarks. the regional index is up 0.3% area it is still a good day. msci china, 0.8%. southeast asia basically flat. philippines and indonesia on the back of oil down. 0.25% higher in thailand. the minutes of the bank of thailand meeting was released. growth has been horrible. they are now talking about the need to create fiscal space. there's less need for policy to be accommodative. friday, the bank of korea expected to raise. let's look at how things are doing across assets. we have not a lot of action. .341 on the chinese 10-year. we did hear from the panel of fed speakers. they continued to look to gradual rate increases next year. a few weeks five, but the overall narrative has not really moved the market. then again, the fed chair speaks tonight. we're sandwiched between those two events. commodities seeing a little more stability. stable, speaking of hasn't really been. capitulations this in cryptocurrencies. let's have a look at how we a

asia. the markets.ook at the asx 200 is down for the second consecutive session. futures on the nikkei and kospi are looking higher. we will have more next. this is bloombergjor markets have just opened for trade. shery: welcome to daybreak asia. haidi: the tech talks wrap up as the u.s. and china trade comments. shery: theresa may fights for survival as her enemies threatened a revolt. brussels says the u.k. transition period could be

this is bloomberg. ♪ shery: this is "daybreak: asia."ornia utility pg&e after bank of america set fees about the links to the companies involvement in wildfires. it says the stock may be downgraded. there are looking into whether the equipment and united one of the blazes. more on the story. marx, we have been hearing from the public utilities commission saying that a bankruptcy for the company would not be in their best interest. >> i spoke with the president of utilities commission and chief regulator, and he basically told me he does not think it is in the best interest to let the largest electricity provider go bankrupt. they will look at ways to help 15m pay for what could be billion or more in liability costs. talking about that plus the 2017 wildfires. isn't this a huge number? when are we expecting the impact of this to hit the company? we are looking at more than $30 billion in liabilities for the company and the market cap is somewhere around $12 billion. this is a huge financial burden. i think a lot of lawmakers and regulator

bloomberg. yvonne: still ahead, the trade forand its prospects american i.t. companies in asia. the emerging markets could actually be set for a when. that is thanks for the fed. what this means for that dollar and for china. this is bloomberg. ♪ david: this is "bloomberg asia.": yvonne: a focus over the opec laid ground work for 2018. marcus, thank you so much forever joining us. about did opec effect on oil prices. unlikelyying that we'll see oil prices fall below a barrel in the next couple of months. do you think if we hold around bade levels, is it good or for global growth? it's neutralink for global growth. ofre right in the middle that range of that comfort range. for relatively unimportant the global output. what yourn by previous guest said, changes in impacttions about the that the iran sanctions would have on overall oil supply, it's more supply now than we thought. opec is trying to figure out to cut production, i assume we'll hold somewhere in or $75.ge around 70 guestlly as your previous said, that's good for demand but thingsu.s., for example, have changed little

this is bloomberg. ♪ shery: this is "daybreak: asia."ould wait for further equities selloff before getting involved in the ongoing trade tensions. is the us from sydney portfolio manager, raymond lee. an exuberant rebound. >> thank you for having me on your show. you might want to wait. perspective, we are quite defensive because of some news that could come that is hard. for us, we have a book, just to wait and then passed by before adding in more risk to the portfolio. haidi: what would be the main thing for you? would it be a circuit breaker? >> a couple things. trade is a big one. i think the markets review that quite positively. if the republicans were to win the senate and the house of representatives that has, -- representatives, that would be good. , the third thing that could lead to sell off of raising interest rates and how emerging markets handle that as money goes out of their jurisdiction and into the market. shery: when it comes to emerging-market equities, showing that they have been having a tough time. compared to the l

asia." this is bloomberg. ♪ the market just opened for trade. hery sophie: i'm sophie kamaruddin. welcome to daybreak asia. ♪ features suggesting a lackluster day when it comes to asia-pacific, apple's underwhelming forecast may cast a long shadow. president trump says things are moving along nicely. >> the illustration is keeping up the pressure on chinese companies accused of stealing chip secrets from macron. >> we saw wall street rally for a third session, the biggest gain since 2016. right now, u.s. futures down a little bit. we'll see how this translates into asia markets. sophie: gains coming through for tokyo and seoul, some of the losses up .4% and the kospi jumping 1.4% this morning. the governor noting recent governor moves are different from that past with volatility this time around. we have a slew of earnings to consider clean investors with disappointing results from korea inc. to chew on. in sydney, they did rise often forecast but shares could snap a four-day game with oil players and aussie dollar holding onto overnight gains ah

asia. this is bloomberg. ♪ a.rg. ♪ haidi: let's get you a quick check of business flash headlines. companys buying another , 8 billion dollars in cash. it is a pioneer when it comes to experienced management software. last month they filed for a u.s. ipo and announced at listing -- that listing. it will now be in the s.a.p. cloud business group. $7 billion in euros for the acquisition. revenue gains, reported a 7% year on year sales jump in the time from july from -- through november. strong growth with electronic gaming revenue up 6%. sky city agreed to sell its casinos to do our where north for $106 million u.s. haidi: take a look at asian markets. looking like the monday morning blues with asian markets. australia trading to the downside. a bit of recovery in energy stocks. .ti is perking up a bit we had saudi arabia moving to act. new zealand pretty flat, nikkei futures looking down to build on the losses we ended the week with and the kospi not looking too bright either. this is bloomberg. ♪ comcast business

asia." this is bloomberg. ♪ haidi: this is "daybreak: asia."lity in beijing expected to remain the worst in 18 months on thursday with levels of particulate soaring to 11 times the world health organizations safety level. beijing's polluted air is below highs reached in recent years. haidi, i know you lived in beijing, see you know what it is like. haidi: i lived in beijing at the peak with winters where the measurement where -- were literally off the charts. it makes incredible features. they completely disappear. as you go into winter, a lot of these ours till burning coal despite what regulators have been trying to do to make things greener. shery: not surprising on social media. the buildings are gone. this is something that i do not miss about hong kong. you got that pollution coming in and being blown by the wind goes. -- when. -- the winds. >> not seeing a lot of math here. a couple days ago, there were reports that there was a toxic cloud over the city. that those in serious health risks. it was the highest that we have seen. we are not

before we get over to bloomberg markets asia, let's see how markets are trading. -- seeing a bit of aside. the china open is next. this is bloomberg. rishaad: this is "bloomberg markets: the china open." a modest rebound for energy and tech. >>. asian supplier plans -- apple's co asian supplier plans st cuts. rishaad: we are live in yokohama. ♪ running into thanksgiving. volumes falling off a cliff. lots to digest. missing.ngapore david: 1% was the rate. the markets are pricing out. chances of two or three rate hikes. one rate hike for 2019. yvonne: the bond market was pretty much flat overnight as well. david: just imagine pricing on the probabilities. we are here is what thinking when it comes to the markets. relatively green this morning. taiwan, tech rebounds helping the sentiment in taipei. there is optimism on trade. navarro will not be .ttending the g20 summit -- the meeting between president trump and president xi at the g20 summit. pretty positive when it comes to the hang seng. this level started off as support earlier this year. now we are seeing it as resistance. about the

this is bloomberg markets: asia. -- "bloomberg markets: asia."ook at our gmm function midday as we approach the open up markets. india coming online and they are not opening up to a very welcoming environment. your equity features pushing down. we are coming up today for virtually all the markets. the s&p features have now turned higher. it was quite a session. currency markets, not too much to note today. the bond space is still pushing down on the yields. have a look at the 10 year in china and the two-year with the yield premium that we talk about here fiscally disappearing or close to disappearing when you control chinese and u.s. commodity markets, this is one to watch. given the dislocation that tends to happen in that space when we get market episodes. not saying it is happening today or will happen, keep a close eye on that one. s&p down 3% in shanghai. breaking down the equity story for you. 70% of the blue chips are down in the asia-pacific within the space volumes. we could talk about that later on. you have energy, you have materials

asia." this is bloomberg. ♪ >> you are watching daybreak asia.alia where we are seeing the s&p trading. it taking some of the strongly from wall street overnight. take a look at the catalyst of this. the tower of power, u.s. stocks surging the most since march. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. have been trading for about 30 minutes. ae upside about 1%, taking strong lead from wall street overnight where stocks rallied after jay powell says remarks that he is considering a positive interest rates. dovish and we see a bit of repricing. : 6:30 p.m. in new york and s&p futures are looking pretty much flat right now as we head that g

this is bloomberg. ♪ ♪ asia. this is daybreak i am haidi stroud-watts.cencio.ramy saudi aramco's ambition to become a leading global refiner and chemical maker aims to tap the oil industry's fastest-growing sources of demand while underpinning the kingdom's planned economic diversification. it is backed by $500 billion in investment over the next decade. the ceo spoke exclusively to bloomberg. >> we always look at the long-term. we never planned this on a short-term. , demand isur view healthy. we are looking at between 1.3 and 1.4 percent of additional demand. next year will be also the same in terms of additional demand. crossing 10 million barrels. there is a lot of demand in our industry. we are not looking only at oil. we are looking also at gas, lng, and chemicals, so it is a lot of growth potential for saudi aramco as we are trying to balance our income stream. a lot of growth potential. reporter: let's talk about one of the projects you are excited about, the biggest acquisition of its kind in the history of the kingdom. you are considering a wid

asia. this is bloomberg. ♪ haidi: this is "daybreak asia or go -- daybreak asia." est assembler of apple iphones is aiming to cut nearly $3 billion of cost in 2019. in an internal memo obtained by bloomberg, foxconn warns of a difficult and competitive year. to watch when taiwan opens. >> are we surprised, really, after all of the negative headlines surrounding apple in the last few weeks or so with the supply chain? foxconn is the latest in a apple of news for the supply chain. we wait for the share price to start reacting to this news. you can see on the screen, over the past five years, if you had gotten in in 2013, you would have gained a lot and then lost pretty much everything and then some. is down 53% since its record high, now its lowest since august of 2013. lamy give you the details from the cost cuts at foxconn. -- let me give you the details from the cost cuts at foxconn. they are going to cut iphone 6nks businesses by about billion yen. they are going to -- by about 6 billion. they are going to cut 10% of the non-technical staff. is a lot of earning po

this is bloomberg. ♪ mberg. ♪ juliette: haidi: this is daybreak asia. i am haidi stroud-watts. ahn. bloomberg sources say chevron and at some mobile are among companies submitted first-round bids for an oil producer. the auction process is expected to value the company at $15 million including debt. but there controlling family still prefers the option of an ipo next year and continues to work towards that goal. haidi: vice president mike pence amidst -- arrived in asia amidst the is the duration of a draft report on whether to impose tariffs on car imports in japan. this will be on his agenda when he meets with shinzo abe later. that u.s. commerce department is investigating the import of vehicles and auto parts as well. looking at asian markets, taking a look at how australia is trading. seeing declines over 1% at this point, the biggest since late october despite the 5% recovery rally we have seen through to the close yesterday. rest of thethe region, futures might be looking positive but the asian session is not. more: nikkei futures down than 1% while kospi futures as well

you are our bloomberg asia government editor. they've had two years of republican control in the senate. how will this impact trump's presidency? can we trust this munificence of almost going dancing with nancy pelosi? certainly changes things from the first two years of his presidency when the republicans were controlling everything. he certainly will face some investigations. we saw yesterday some carrots and sticks reaching out to nancy pelosi, warning i will not work you at all on public policy if you go after me and investigate too hard, mentioning a warlike posture. he is saying work with me, we can get done maybe a tax cut, infrastructure, something on prescription drugs. if you don't, it's going to be one big fight, and trump loves fights. anna: yes indeed, calling for cooperation. we will see where that takes us. the other big story, the aftermath of the terms. attorney general jeff sessions has resigned. what does this mean for the russia investigation, while trump calls for cooperation, he will be mindful of intentions

welcome to bloomberg markets. yvonne: asia and weak tech adding to the gloom. david: trade tensions, transpacific yet again. usa and china is trying to steal its tech and ip. does remainsn chairman and ceo as that investigation proceeds. we are live in tokyo. ♪ yvonne: another day, same issue, same headlines when it comes to trade, tech obviously. this part of the world not bad as the u.s. tech also not that bad. david: when you look at the granular analysis between the nasdaq and s&p 500, it is much worse on the nasdaq than the s&p 500. it is not as bad here. let's have a look at what is happening. this is general market moves giving us a flavor of what is happening. indonesia coming on board. down. were atot as bad as we

asia." this is bloomberg. ♪ ramy: this is "daybreak asia." i am ramy inocencio in new york.d-watts in sydney. let's get you a quick update. united technology has confirmed an intent to separate with a former announcement later on tuesday. -- formal announcement later on tuesday. it has a merger with rockwell collins. it has been pushed by activist investors including bill ackman endemol to consider standalone -- and dan loeb to consider standalone divisions. ramy: tencent is teaming up with the operator to offer mobile payment services for small retailers. the nikkei news to says the tie up is aimed at tapping into the surge of tourists from china and it will compete with a service offered by yahoo japan and softbank. lion will lease terminals of wechat pay in the new year. 21st century fox and its soon-to-be owner disney are being sued for ending an agreement to build a theme park near kuala lumpur. they are seeking more than $1 billion in damages according to court filings in los angeles. they say the deal was jobs because disney does not want to be associated with a gamin

is "bloomberg markets: asia."tering the last hour of morning session here in hong kong, we certainly see a mixed picture when it comes to equities as well as when it currencies. on the trade dialect, of course, with the u.s. saying, look, we're just talking about a framework that could be discussed during the g20, we are hikingooking ahead too those -- to hiking those tariffs on chinese imports. sentiments.help the these global concerns when it comes to brexit also continue to weigh on the sentiment overall. we have seen that plummet in the past. stabilized just a little bit here. to that dollar weakness, we are seeing, in developed markets like japan, aussie dollar as well. emare seeing here -- currencies here today. it's been interesting. market, surging. that hike coming. that certainly helped when it to inflation, how they can actually stem inflation. a signal here that perhaps growth is still quite resilient in the face of to actuallyr them continue to hike. 2%.o see shares up malaysia also up today. hong kon

welcome to bloomberg markets china open. yvonne: asiakets looks at for decline for the third week of losses. volume expected to be like. critics at home and abroad are unhappy. lossad: serving up a big but operating losses ballooned in the last quarter. you can hear a pin drop. we have japan out of the picture. india. no clear lead coming from america because of thanksgiving. something big this friday? year. you look at the 10 it is almost -- yvonne: a pretty big week. minutes, the g20 meeting. the big question for the market is are we going to see the fed put still in place. let's look at how the market open is for singapore, taiwan and malaysia. rishaad: are we building up too much on that? yvonne: we might be. i think most people are set up for these different worst-case, best case scenarios ahead of that buenos aires meeting. not likely to see any really positive outcomes. a pretty mixed picture. taipei seeing a little bit of gain. but pretty quiet overall. let's show you how quiet it is when it comes to your gmm at the moment. yeah.

yvonne: that is it for us on bloomberg markets asia. bloomberg markets middle east is next.mberg. ♪ ♪ emily: i am emily chang in san francisco. this is bloomberg technology. on gm'st trump attacks plan to close plants and cut jobs. plus, samsung's press from hardware to software and everywhere between. the next samsung president weighs in on this slowing global market. facebook under fir

joining us now from singapore is our guest, bloomberg's asia news editor who has been on this story fort important doubling fine has a meeting with jho low? guest: there are conflicting met withhat blankfein another dobby investment fund, and jho low had a private meeting with link find. if it is significant is there was a private meeting, it comes after goldman did to bond deals. begs the question, what was the meeting about? anna: the former malaysian premier also had a meeting or meetings with .5. what does -- with blankfein. what does he have to say that? saying, he was trying to clear himself of all wrongdoing. touched by some of the activities that have gone wrong there, but what he did not y should take responsibility of funds that were embezzled, because they did not do their jobs. anna: thanks very much. shamim adam, bloomberg news editor. london. let's check out the mid-cap moves. annmarie hordern has details. annmarie: a bit of a reprieve for stocks after a tough week. they are up 0.6%. provide banking. earlier this week, they tumbled the most since their ipo, but this week a

more to come on bloomberg markets: asia. is is bloomberg. ♪ david: here is the latest business flash headlines. trainunaway iron ore traveling up to 100 kilometers without a driver. it has now halted all train operations in the region and is working with local authorities to find out what happened. dhp said the driver had stopped to investigate a problem when the train took off. -- new so-called whisper jet was launched with great fanfare, but local residents say it is annoyingly loud. swissair promised people that the eight to 20 would be 50% quieter than older planes. critics say the twin engines emit a strange howl as it comes to land and the airport's noise hotline has been swamped with complaints. david: -- a $750 million leverage loan, led by bank of america rather than goldman sachs. the parties have scheduled a november 7 presentation for potential investors, although many details remain unclear. goldman was leading talks on a smaller $.5 billion financing in the week of october 22. yvonne: let's talk through some ear

plenty more to come here on bloomberg markets: asia. : a quick check on the latest business flash. rio tinto says aluminum producers will need additional smelting capacity outside china as inventories shrink in the coming years. aluminum demand remains extremely healthy, the china may not be a significant exporter from no one. our guys at bloomberg intelligence have a positive view on aluminum. goldman says the market is too relaxed. says that itk rock may -- mutual fund prices in china. to sellany is in talks .ts 16.5% stake they hope tos said be a strong player in china. david: the whistleblower looking to work with parliament. he left after suspicious amounts of money flowing to estonia. yvonne: we have markets here in china. .3%.ang seng up about a-shares should be seeing gains as well. futures up about 30 points at the moment. the stabilization we have seen in the dollar. just a slight weakness heading into the renminbi today. let me show you some moves when it comes to property stocks in hong kong. we did see new data that came thr

asia. this is bloomberg.s is bloomberg. ♪ asia.this is daybreak i am ramy inocencio in new york. haidi: i am haidi stroud-watts. president trump and his chinese counterpart are indicating they are ready for a highly anticipated meeting at the g20 in buenos aires later. tom mackenzie joins us from beijing with a look at what to expect. what is the chinese side saying in the run-up to the talks? is there positivity? tom: there was an attempt by officials in this briefing they constructiveo be leading up to this. they say they hope the meeting between the president's goes smoothly. they say their officials were working closely with u.s. counterparts which echoes larry kudlow. they also are prepared to me to the u.s. halfway we also heard from the vice commerce minister saying he thought the u.s. was ready to make some kind of agreement or deal, preparing to move in that direction at least. that mirrors what we heard from president trump speaking thursday. he said he thinks china wants to make a deal very badly.

looking forward to all of that, that is it from "bloomberg markets asia." next. xxx ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >> i'm emily chang in san francisco. this is bloomberg technology. in the next hour apples fall from the highest branch the smartphone maker loses its stronghold over the title of world's most valuable company after microsoft overtakes it in monday trade. sand bagging sandberg the facebook c.e.o. now in the spotlight after multiple crises at the media giant. mark zuckerberg says he has her back. we'll discuss if that's enough. counting the cyber monday cash.

asia. this is bloomberg. ♪ haidi: this is daybreak asia.atest business flash headlines. madrid is as post-brexit trading hub in the european union. after initially only playing through some investment banking positions in london. the banking his entering spain as a legal base for the majority of its operations with germany playing a secondary role. sources say no final decision has been made in plants could still change. haidi: united technologies saying it's on the way to break up to take you years to complete . investors may have to wait until 2020 for the conglomerate to spin off its elevator and climate control divisions. its purchase of the aerospace supplier is complete. names australia's oldest in newspapers is trading later on wednesday. after anny was named english immigrant who brought the sydney morning herald in 1881. the stock is 83% below its all-time high of march 2000. ramy: coming up in the next hour, we speak about the future for thin tech in the region. the market open is next. stay tuned. this is bloomberg. ♪ [ phone rin

bloomberg daybreak: asia least is next. ♪ emily: facebook divided.n zuckerberg and sandberg. us, almost a year ago bitcoin hit the $20,000 mark. now it's down to $5,000. have the cryptocurrencies best days come and gone?

no good news out of asia,. >> bloomberg news asia equity leader, not a good day for asian trading ifare investing in any automakers trading in japan. nissan is down 6.3% at this point. 1400 is the average daily trading by him this year, it was a delayed start as the markets struggled to find a match with those cell offers outnumbering the buy offers, mitsubishi is also seeing some of treating there as well, all of this on news of carlos gohn's arrest. we had the stark news conference from the ceo seeking to distance the copy from the allegations. 5% decline atoint the start, close to the session lows at this point. the latest report coming from nhk reporting that nissan spent several billion on multiple homes for carlos gohn. we will continue to watch that story, it will be the major story today trading in asia, also watching out for some of these apple suppliers as tech continues to see a downside. this is bloomberg. this is bloomberg. our next guest said it is important to look beyond short-term sentiment and see volatility as an opportunity. with us is our guest from hong kong. gr

asia." this is bloomberg. ♪ this is "daybreak: asia." i'm haidi stroud-watts.shery: i'm shery ahn. the new york fed president is the latest fed official to share his take on interest rate policy. >> unemployment is very low. the economy has a lot of good, positive signs. for us, it is just keeping a good balance, keeping this economy strong and stable. we, will likely be raising interest rates somewhat but it is really in the context of a very strong economy. >> he was speaking in new york, adding that the fed is not locked into a preset course. our fed reporter was at the speech. did we get anything new from his comments? >> nothing hugely new. what we got from his comments was the identity the -- idea the economy is still strong and they will be cautious in hiking rates. he was careful not to make it sound like they will be too aggressive in their path forward, which is very much in line with what we have been seeing from speakers over the last couple of days. >> just before williams gave the speech, we got the biggest drop in us home builder confidence since

asia ahead. this is bloomberg.rg. ♪ s is bloomberg. ♪ caroline: now to asia ahead where there are less than 24 hours to go before they vote on whether to discuss the chairman. boardman -- board members are divided. here with more is shery ahn. it feels to me that the ceo of nissan is driving the guilty before being proven instant the point here -- innocent viewpoint here. shery: he was a protege and he has been driving this investigation within nissan and also explaining it toward the public. we are in a situation where we are headed toward the board meeting happening thursday afternoon. that's overnight in the u.s.. it is a nine-member board and will be decided over a simple majority. sources telling bloomberg it will be difficult to secure that unanimous decision given some of the directors used to work under him and they may not back the dismissal until they learn more about the situation. we have seen his statements come saying this stage the board is unable to comment on the evidence seemingly gathered against

and much morehat out of bloomberg asia and bloomberg technology through the day.hington where the president returning from europe. kevin cirilli will join us and kim wallace will join us with eurasia group. this is bloomberg. ♪ tom: good morning. "bloomberg surveillance." don'tns in italy, which i understand, francine explained them to me. oil headlines as well as -- out almost and oil down solid $1.43 on brent crude, well under $69 a barrel. after the news and now washington, we do our chief washington correspondent kevin cirilli. the present we heard earlier on interview looked somber in europe. he returned somber to a rainy washington. what does the president do today to regroup? kevin: first and foremost, there's a lame-duck session that will be interesting to see what -- what republicans try to look in a lame-duck. they have to pass the stopgap budget or the government shuts down that could be wrapped up in security bolstering along the u.s. mexico border. whether or not president trump double stabbing the issue of immigration in the short-term and have a lam

who better to do that with the jpmorgan eight -- asia-pacific chairman. this is bloombergre back with bloomberg markets. are the jpmorgan conference in hong kong, bringing together investors. and who better to discuss jpmorgan strategy and the assessment of the global economy, as well as the trade , is the banks asia-pacific chairman, chief executive nicholas. good to see you. tell me, these are difficult times. how is the bank? nicolas: it's doing great. rishaad: you would say that, though. nicolas: obviously, across the globe, it is doing well. asia in particular, we're seeing consistent double-digit growth. noise out there from a performance point of view, i think the bank is doing very well. rishaad: absolutely. that something we were being told if you received a. ago.te -- a few weeks are you seeing the same thing? inolas: as rates go up general banks tend to have wider margins, you see volatility in returning certain markets. you've also got some trading gains. that is consistent across the industry. there are some sectors that are clearly suffering. if you look at m

that is it from bloomberg markets asia. a redid mentioned it is data across the board today. ely. off.e and rishaad, we are bloomberg. ♪ >> this is bloomberg daybreak middle east. >> president xi jinping says china will cut import taxes further. more datas highlighting the impact of the , falling to its lowest level since september 2017. >> sanctions on iranian oil kick in one hour from now. protesters chanting death to america in the streets of tehran. -- >> of the biggest shakeup since the saudi-led boycott. commit is 4:00 a.m. if you are in london. i'm in hong kong. >> oil down for the sixth day. the highly anticipated sanctions included sanctions on the financial sector and the shipping sector as well. are some waivers from the united states. brent crude is currently a little bit under pressure. the selloff is overdone post on goldman sachs says that q4 is a deficit for crude oil. >> we will be chatting about the impact of the sanctions later in the show. one other thing that we will be discussing his president xi jinping talking in shanghai this morning and is supposed to

asia and india at the anz. plenty more to come. this is bloombergkt's do a of the business flash headlines. tesla isant to be to losing its -- people worry after leaving three years for personal reasons effective december 17 -- namehave yet to lead a successor. she was a figurehead in the effort to compete with more rivals. rishaad: softbank will announce the price for the upcoming telco unit. a sales target of $21 billion. the lead underwriters had little trouble placing sales with one brokerage completing half of the volume on the first day. intradaytheir highest sailors -- shares price in a month. others fell in response. haslinda: this tourism group plans to tort -- start taking orders for a chunk of ipo worth as much as $548 million u.s. medr unit owns the club brand. they are aiming to price september 7 and start treating a week later. hong kong ipo has already got $33 billion, more than double 2017. mutedve is looking at a after the euphoria yesterday. david: tied down, good timing into the weekend. it has not been quiet as far as the news fl

joining us now is bloomberg's chief asia economic correspondent.as there anything new in what president trump said? demonstrates just how far apart both sides are from a substandard trade agreement. lot writing ona this. someeaders can agreed to kind of framework for future negotiations. that helps sentiment for investors. started.ck to where we trump will go ahead with implementing new tariffs. that will hurt a much wider part of china's economy. >> the numbers are already slightly daunting. what does this mean? is that what this is about stage managing? >> it is difficult to say. a lot of the economists out here today were making the point about it. it is all about negotiating and about keeping the pressure on china. flipside, china would not want to be humiliated. there is quite a fine line -- it is one thing for china to offer butessions to the u.s., they will defend their plans to create or become world leaders in high-technology areas. be some kind of a deal, but they are a long way. nejra: thank you for joining us from hong kong. this is our

this is bloomberg. ♪ >> is is daybreak asia. i'm in hong kong.remains unchanged and will work to minimize day-to-day business. jeffries, japan, head of research, joins us now from tokyo. andboard unanimously voted that was perhaps a little bit of a surprise from those of us expecting more dissent. what do you make of this? is it going to change the balance of power when it comes to the alliance? >> i think we need to start by taking a step back and evaluating nissan's governance over the last couple of years. doinging they have been at jefferies, is rating and ranking board structures of the top 500 companies. nissan really stood out. had most of the bad government structures, it probably surprised a lot of people. they were only 11 companies last year that didn't have the minimum independent directors required by the corporate governance code. nissan was the only large global ,ompany, the others were small domestic, japanese companies. it stood out in that way that they only had one independent director. when he was at the background of that ind

volatility spiked this week, a bank chairman joined bloomberg markets: asia for a conversation.tors had best pay close attention to the clash between the two largest economies. >> my own investment thesis is that a global revolution started a few years ago. it was not a revolution with tanks, it was not noticed in the way that some revolutions are. this was a revolution fueled by populism and fueled by the breakdown in multilateralism and the rise of the nationstate. the markets found it hard and tended to ignore them -- the risks. they are manifesting themselves ignore the risks. the volatility is going to continue. >> how long does this last? are we at the beginning of this phase? i would imagine, showing up is perhaps one of the symptoms. >> by 2049, china expects to regain its position as the world number one state. i have seen plans going out for 2049 to achieve that. i have been to china over 200 times. i am quite familiar with what is going on. this trade spat is a manifestation of what is going to be a 30 year tussling -- >> without the war and without the bullets. there