u.s. officials right now seeing china backtrack on some of those trade concessions. u.s. e 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 are still discussing pharma issues. still, the s&p 500 at the highest level in five months. the dow gaining ground for a fifth consecutive session. all investors focused on this week's central bank decisions which includes the fed announcement tomorrow, not to mention the boe also on thursday. the british pound the british pound fluctuating between gains and losses. right now stronger by .2%. 32 on those latest brexit headlines. amber: absolutely something we are watching. watching canadian oil prices. the rally has been nothing short of astonishing. oil prices are up 206 he 6% from the low. it got as low as $13 a barrel. now we are hovering below $50. it really speaks to the crisis that canada's econom

mississippi breeds creativity and the china u.s. trade conflict is no exception there are already widespread levies on many chinese products imported by the u.s. and donald trump the president is threatening to hike these to twenty five percent that would make chinese goods far less competitive in america but the tariffs only apply to goods made in china if chinese companies produce a broad's say in vietnam it products subjects adjudicates it's something the vietnamese city of haifa is benefiting from ever since the u.s. president opened the tower floodgates last year many chinese companies about to to outsource production there it's just a couple hundred kilometers from the border with china. has just landed in hanoi that destination is elsewhere represents forty companies that want to shift their production plants from china to vietnam. where i think. i'm going to the high flown industrials and today i need to clarify some details regarding transport routes and. the latest tax regulations all things that interest my customers at h

u.s. and china. a possible cooling off between donald trump on his own self-selected chairman of the jay powell. some comments coming out this weekend from the conservative political action consult a meeting. here in the u.s. it was not very good when it came to words about jay powell. ros: well, yes. jay powell, soon to be known as a gentleman who likes a strong dollar -- excuse me. and most of us thought the trump tower spat was a one-sided spat in trump's favor, was over. the two of them had a dinner, a sit-down down dinner in february. steven mnuchin was there as well. they had a steak. they talked about the economy. trumperal, it seemed like had stopped his criticism of the fed. and at the same time, the fed had stopped raising interest rates. and powell and most of the other fed officials have talked for a month or more about being very patient on rates. a lot of people think the fed rate hiking cycle is over. or very close to being over. all of a sudden, at the cpac meeting, president trump was

china. anytime the u.s. sends strategic weapons over to china, that really riles beijing. we saw mike pompeo at the state department -- this has been a topic that the u.s. has not banged on about. it is becoming more sensitive for china. is big picture, huawei another example on 5g and trying to get countries not to use that. the bigger picture is this competition between the u.s. and china. haslinda: the talk about how china -- taiwan is a redline. when you take a look at this person has turned more towards china as opposed to u.s. buying billions of dollars worth of military equipment. dan: we are really seeing countries in southeast asia caught in the middle. singapore's prime minister warned about this last year that countries would have to pick sides if this continues. we are seeing that play out with huawei. a lot of southeast asian countries are ok with that. there are a few that are pushing back. there are countries that do not want to get too close to china. we saw malaysia reviewing projects. said they will review certain projects from china. thailand has at the s

maria: looks like to markets are responding to the china-u.s.

a really big story people are watching now is the china and u.s. trade talks. the number one concern according to a bank of america survey released earlier in january. thatw this a narrative, people were worried about china and u.s. trade and obviously the fed rate hike stance. both have seemed to been subdued as far as the china-u.s. trade talks are concerned. it seems like people were expecting positive news. they are saying it is priced into the market. we are really looking for any news on that. be not just for a positive headline, but a real solidified trade agreement and that could continue the credit rally. if a negative headline could turn things around. thata: one of the things is so interesting about what is happening in credit is that we had great fears in certain parts of the market attracting attention, including parts being securitized in ways people are theing their leverage in system. we are seeing central bankers, fed heads out there talking about concerns about this. yet the market participants fears seem to have abated. is a driven by price be

and u.s. china trade continues to percolate some say to a boil with all that while we knew this we spoke about earlier but news reports suggest a deal could come soon on trade hitter discusses the c.e.o. of your pacific capital peter schiff and servant of commentator steve malzberg welcome gentlemen it's always great to have both of you on the program a peter i want to start with you we've seen a lot of back and forth and sort of these shuttle negotiations this year we've spoken with you about it before peter but as we've sort of look at this getting to the underlying issue of state sponsored. competition with u.s. companies with other countries to an intellectual property are pretty tough nuts to crack do you think we're going to have a substantive deal that gets to the root cause of that i think that there's going to be a deal i've been saying that since the beginning i think that trump can't afford not to have a deal sit with china because you know donald trump pretends that the reason we have th

me ask you peter there's been some reporting that other nations are sort of feeling that if the u.s. china deal does go through that they worry about the impact of being left out of japan for example once a bilateral deal with the u.s. so what do you think peter. now i mean i don't like a lot of other countries have trade surpluses with china i don't think anybody's going to be left out of anything again i think this is all cosmetics and it wasn't obama that caused our trade deficits i mean we had tremendous trade deficits before obama became president we had you know we finally took out the records that we said under george bush for goods deficits under under donald trump we just had to worst i've trade deficit ever in merchandise under tropp so trade deficits are now bigger than they were under obama and so we haven't made any significant progress and the more we want to try to skate mamma and so we haven't made any significant progress and the more we want to try to scapegoated on bad deals the less we're going to actually pay attention to the real cause these are self-inflicted wounds

u.s./china tension weighed on imports and exports. we also speak to u.s. of the ways and means committee. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving simple. easy. awesome. stay connected with the best wifi experience and two-hour appointment windows. click, call or visit a store today. alix: this is "bloomberg daybreak." i am alix steel. risk off. we have the trade balance coming out very equities under pressure in the u.s.. european equities manning to flip in the positive territory. in other asset classes, it is still the reign of the bond bull. $41 billion of five. notes coming out later today. how much steeper connectable steepener -- how much steeper than the bull steepener wind up getting? the actual trade balance for january coming in

matt: on the china-u.s. ou have optimism there and can you put that into a quantifiable dollar figure? herbert: for us, china is very important. share, so china is really important for our worldwide presence, also for our profitability. markets are really down, already starting last year, january-february, define -- decline of 10%. on the other hand, we carry a lot of new products and i am optimistic there will be a solution between those economies because it is in the interest of both parties and i see a lot of eagerness in the u.s. and china to find a compromise, because it is so import for both countries. china will probably suffer more, so i am optimistic and i hope we have a better second half of the year. matt: you have healthier forecast for 5% sales growth this year. does that assume a neutral or positive outcome between the u.s. and china, between the u.s. and the eu? herbert: that would assume the second half of the year is better than the first, and we hope we can slightly grow, whether 5% on the u

and china are close on signing a new trade deal >>> good morning, ryan the u.s. in the final stages of talks that could result in a wideranging trade deal by the end of the month that's according to three sources i spoke with who are familiar with this situation the two sides are now trading text various trade agreements with spaces where agreement still needs to be reached. president trump according to three sources close to the situation communicated his desire for a deal by the end of this month and meeting with his trade team today to chart a path forward with the impact of the abrupt ends talks with north korea in focus, one senior administration official says the white house wants to pivot to a positive message on trade and get a deal another says the stalemate emboldens president trump and sends a strong message to beijing. but the ball is currently in beijing's court. the national people's congress is expected to pass new foreign investment laws as part of the forthcoming deal and a sign off from president xi is required for this deal. as talks proceed, pr

u.s. and china are said to be close to a trade deal. t most if not all the american tariffs if beijing follow through on its pledges ranging from protection of ip rights to buying more u.s. products. beijing isnow from our china correspondent, tom mackenzie. positive headlines. it is all about opening up the chinese market. it is the start of a big week. >> it really is a very big week indeed. we are expecting more policies around trade tensions addressing those concerns and underpinning the economy. what additional policies are going to be rolled out. from our sources, we heard the u.s. say we are getting closer to a deal. as part of that deal, the u.s. side would remove the vast majority of tariffs on $200 billion worth of goods. the question being mauled in -- washington, a removal of tariffs would be good for sentiment. we heard at the start of this national people's congress saying there have been significant progress on the trade front, welcoming the talks continuing with the u.s., sounding upbeat. they outlined additional measures

u.s. and china becomes a broader regime. at could take place within the wto, that can take place with japan and europe joining the u.s., it is not clear where it goes from here. that is a lost opportunity by doing this bilaterally. alix: what do we learn from that about how the u.s. will deal with japan and europe and the u.k.? adam: it is the right question going forward. the lesson is -- the lesson trump will take is he is verified in his believe in bilateral deals. u.s. trade representative robert lighthizer continues to be distrustful of the wto due to an ideological bias. what you will see again, as with nafta, as with north korea, a lot of noise and uncertainty and not much done. the u.k., in particular, being the weakest in the smallest of they leave the eu, which they probably will, they will be the most vulnerable to a trump bullying at. david: daniel morris and adam posen will be staying with us. coming up, buying the vote. some members of british parliament are accusing prime minister may of trying to buy brexit vo

u.s. and china reportedly close to a trade deal that could lift most or all u.s. tariffs on chinese goods. bloomberg understands this would be the case if beijing follows through on pledges on intellectual property rights and buying more american products. china is reportedly offering lower tariffs on u.s. foreign --ds -- farm goods in cars. and cars. what do we know about how close we are to an actual deal? the fact we are talking about all these different trends and we are getting more and more sources telling us there are multiple fronts, it is a signal to the markets we are getting close. sources have told us we are closer to a deal. it depends, the sticking point to that is, how will beijing comply? what will be the schedule of lifting tariffs? will it be gradual to make sure beijing does comply? thent to point out, we have national people's congress spokesperson this morning come out and talk about new foreign investment. the reason i bring it up is because intellectual property has been a sticking point. what he said is that is going to be folded into that n

u.s. is looking for. china buying more u.s. ks is one thing, but also china opening the domestic market more so that will address some of the technology transfer issues. and china of course is strengthening the ip protections, cutting subsidies to some of the domestic both sides and agreeing on a monetary mechanism and agreeing on a relative stable exchange rate. i think those are some of the key issues we should be looking out for. the market is already taking progress positively. id the business of course, think will also welcome, if there is a rolling off of existing tariffs. thethat said, i think uncertainty related to the ongoing negotiations and with the trade war and with potential restrictions on technology is still going to weigh down on spending. the u.s.-china trade relations is difficult for that to go back to the good old days. we think the upside for the economy is not very much. wang tao, joining us in hong kong, great to have you. thank you so much for that. plenty more here to come on "daybreak: asia." this is b

even u.s. china slowdowns. think our strategy is very clear.n terms of domestic market, we are very prominent. china is growing so fast, the high-speed railway gave us an opportunity to penetrate further. we are very excited about it. outside of china, millions of people are going to the rest of the world, creating jobs for every country receiving customers. we will keep up with our growth. >> speaking to us earlier. let's check in with the latest headlines. softbank and others reported to be in late stage talks to inject a billion dollars into the self driving division. the other investors include at least one automaker. they would take aim a minority stake with a valuation between $5 billion and $10 billion. it may come next month. volkswagen, needing to wait for a better market environment. it could have been the largest ipo in europe. with vw seeking to raise $3 billion. it marks the slowest start for ipos in europe. since the financial crisis. have been having trouble using social media, you are not alone. facebook, instagram, and messenge

u.s./china trade dispute.e of the good stuff from what i understand in the foreign investment law is that it's going to end three joint venture laws, no more jvs, bar forced technology transfers, prevents the state from illegally in quotes setting and it will allow foreign firms to help set product standards and procurement. and that is a point that a lot of foreign companies have been fighting for for quite some time now the catch, of course there's always a catch, is that there are a lot of people who are wondering what the implementation is going to be like because, for example, no more jvs but foreign firms are still going to be regulated by the negatives list there will still be restrictions on foreign companies also, there's concern about one term about national security there's a national security review and it's still unclear what that actually means and finally, there's a lot of questions about the status of the current jvs because a lot of foreign companies, as you know, have been required over years

u.s. in china -- it between the u.s. and china in just a few weeks.is how the european equity market is growing. here is a look at the sector picture. on a day like today, generally optimism around trade and global growth. we see very little red on the screen, a tiny slither of red. generally speaking, we are green across the board. >> we have 525 stocks that are gaining this morning. only 56 are down right now. we have luxury goods makers adding the most points to the stock 300, 4% gain. nestle is up as well. louis vuitton, hennessy. a lot of consumer staples and consumer discretionary winners holding up -- pulling up the stoxx 600. on the downside of the ledger. -- on the downside of the ledger, you have london stock four on therr downside. they are few and far between, but we do have a couple of supermarkets. h&m is down as well as william hill. anna? >> good day for luxury. numbers fromlair the start of trade, and that is playing out nicely. we will keep an eye on the sector. european markets opening higher. is on then china that upside. white hou

u.s.-china trade news, midday, u.s. stocks took a dive. today a taste of what we could see globally if u.s.-china deal, the much and did -- much anticipated deal does not come through soon enough? amy: in that case, u.s. all caps will be a safe haven for investors because the headwinds of the market are really tailwinds for u.s. small-cap stocks in a rising interest rate environment as well because as you know, they are very insulated relatively to the trade noise. also, particular u.s. growth stocks tend to do well he does a lot of them are really driven by it is a company that is in the cutting edge of innovation. to that extent, the u.s. will fare better than the rest of the market. shery: we are seeing volatility falling again after the fourth quarter selloff. this chart on the bloomberg showing how much really volatility has fallen. we are talking about fx, the lowest since 2014. will all of this change if we don't get to see a trade deal soon, if we continue to get these negative trade headlines? what will move the needle here and ho

u.s. and china between the u.s. and india certainly is brewing how does that impact your work it impact or not because of cause where when you increase the tariff between china and the u.s. or china or a part of the world you would have affected on the international trade that's probably the most the biggest problem is for the poorest countries because they are the smaller players in the in the big game and they could be we need to control which reach which we pay the tribute of this dispute so i think that it's bad for mr theory but it's also bad for paul's countries we have thirty seconds left here in berlin for a number of engagements also speaking to the german bundestag development committee in one sentence your message try it could help for development absolutely and germany have to understand that when she understand very well support that but we have to do more to get the right is that they don't want their thank you so much for your time. and that's business asia here in the w for me in the team thanks for w

u.s. and china not exactly on the same page in their comments there. still, larry kudlow said he is optimistic, that the u.s. and china are working on final details. i would caution viewers to not think that final details means small details, because that is definitely not the case. sometimes the last details are the biggest details. there is still quite a little bit to go here. what i'd like to call happy noises coming from the united states side right now, which is certainly better than it has been. there is no great time pressure right now because the march 1 deadline was pushed for higher tariffs, it was pushed to no firm time point at all. it is going as long as it needs to. the other thing i would hit on real quick as i would say the u.s. has leaned on china, it is kind of related to help with north korea. with reports coming out that north korea may be preparing for who knows what at some site and north korea, maybe a space launch, mably --maybe a missile launch preparation. the u.s. has counted on china to lean on north korea. if there is a sens

u.s. goods. china and u.s. lowering tariffs, china lowering tariffs on u.s.beijing buying more american products including large purchase of natural gas, dispute mechanism for u.s. companies and the u.s. removing tariffs on chinese goods. new report is predicting that a deal would get done with some tariffs remaining in place going in 2020. joining me right now gary b. smith, would this be a big deal for markets? >> well, you know, i certainly think the perception of deal would be good for the markets and reality even if all the tariffs imposed or tariffs removed, you know, i think the effect on both -- we are talking about almost 30 plus trillion in gdp, the effect will be minimal but it's kind of a feel-good news, i've always discounted the effects of the tariffs, look, i will take any good headline news. maria: feels like it's one to have issues that keeps coming up assort of an uncertainty or unknown from the market, so once getting the clarity in place i imagine is a good thing. what about earnings? let's talk backdrop for a moment on stocks, earnings an

u.s. were built in china in just three months. they think this is a concern, a paranoia in the u.s. is stealing a leading 5g and it will be to the economic detriment of the u.s.. bey want this law to changed, this congressional bill because they say they can provide benefit to telecom companies in the u.s.. small telecom companies that provide -- rely on huawei's cheap technology. haslinda: tom mackenzie in shenzhen, lyrically explosive. the post -- politically explosives. that is it for bloomberg markets. emily: i'm emily chang in san -- in new york and this is "bloomberg technology." coming up the next hour, the social network is about to get a lot less social. facebook ceo mark zuckerberg says he thinks the future is a more private platform. plus, huawei's day in court. the date is set for huawei's cfo's extradition case. we look at how the legal battle between a chinese telecom giant

u.s./china negotiations than the u.s./north korea negotiations. certainly north korea is a bad actor. i think with china, i think a deal should be made. i think there will be one by the end of the month. cheryl: we're thinking march 27th, that's the date being thrown out for the summit between the two presidents and the huge event happening in china where xi will be under pressure to come up with a deal for them. riley walters, thank you. tracee: we may soon have ad trade deal with china. president trump now linking his decision to walk away from the north korea summit to michael cohen's hearing. he tweeted for the democrats to interview in open hearings a convicted liar at the same time an important nuclear summit with north korea is perhaps a new low in american politics and may have contributed to a walk. never done when a president is overseas. shame. cheryl: like we said, very vocal president trump over the weekend. white house national security advisor john bolton was on fox news sunday and he described the hanoi summit as a success. >> what north korea has done consistently in t

we had issues in the past with china fulfilling commitments on trade deals between the u.s. question that is one of the last issues to be decided. if the tariffs -- >> we don't like the tariffs in the first place. we think it is a tax on american business and farmers. we said that from the outset. but we think it is time for china to step up and provide meaningful structural reform am a deal with tech transfer issues. we are pleased in some areas. china is moving him a foreign investment law. -- on the foreign investment law. they have dealt with tech transfer issues. the devil is in the details and we need the details. how do we ensure that this agreement can be verified, implemented and enforceable? x going back to the foreign it comes downe, to implementation. are you getting any sense from your chinese counterparts that they are serious about implementing the letter of the law, that it will have a significant impact for the operations of western foreign businesses operating? where we started. china denied they had a tech transfer issue. today it is incorporated in the fo

u.s. candidate export to china before production up significant need to close that trade deficit gap, and e two relationships are evolving in a very big way going forward. isrementally, the u.s. seeing china more as a strategic threat, a competitor, and potentially, if you look at technology transfers, it investments, restrictions, , these ownership are very challenging points to address, and also, how do you get an effective enforcement mechanism in place to monitor the complaint by the two countries? shery: we get these tensions between the two biggest economies in the world, and then analysts say, you what, who can benefit? an countries.ase will we see stock market upside for countries like malaysia, thailand, vietnam? absolutely. we will expect businesses to try to diversify the supply chains, and this will benefit countries like vietnam, philippines, malaysia, and even thailand and the longer-term term. and valuations of these countries are not a stretch in most cases. the main risks for some of these countries near-term would be election risk. if you have unexpected election outcomes

u.s. and china. what i mean is the u.s. nnot sign a deal with china that we don't have recourse over them. we don't want to have our intellectual property stolen and intellectual property transfer of our companies. unless there is some hard details around that, i think we will continue to be in this range. we are not going to see the s&p breakout above much higher levels. think has moreu leverage, the white house or beijing? we have seen this he said, he said on both sides of the world with the people in beijing saying it needs to be reciprocal, they need to be autonomous but here in washington, dc, we have larry kudlow saying he is optimistic something will happen. kevin: i would say it is neutral, that there is really not -- no one side has any leverage over the other. the u.s., we played our hand when we allowed to extend out the top and said we weren't going to raise any additional tariffs. at this point president trump wants to get a deal done. i don't think they are going -- the u.s. is going to force that hand. and i

u.s. and china. send into confrontation, that the decoupling of economies is "wishful thinking." it brings up the question of where this leads in terms of the trade negotiations. rishaad: very interesting chinese andying the russian leaders relationship is a world model. yvonne: positive when it comes to the future of u.s. ties. rishaad: clearly more than one country is opposing unilateralism. that is what we have coming out of the foreign ministry briefing in beijing. more on the way, including what is going on market wise. this is bloomberg. ♪ ♪ >> it is almost 11:00 in singapore. i am juliette solely. last moment of the morning session in hong kong. asia extending the wall street slide among concerns about growth. institutions cutting forecasts. >> the picture could further darken when we get data from china. differing views from washington and beijing. the u.s. saying they are close to a deal. this is bloomberg markets. ♪ is a down day for asian stocks. for their worst weekly loss this year. chin

and china, the u.s. and the eu?: that would assume the second half of the year would be better. we hope we can slightly growth, whether it is 5%, the upper end. shery: herbert diess speaking to matt miller. at another -- add another to the pile of negative surprises for the global economy. u.s. inflation fated in february, supporting the case for the fed's rate hike cause.we have two more reports in asia coming up. south korea and japan expected to show weakness. kathleen hays is here. is this u.s. inflation weakness that we are seeing a continued trend or a one-off? kathleen: that is what we have to wait and see because of you look at the numbers that came out today -- not a big drop you consider holding steady, the main numbers in the consumer price index actually eased back a bit. on the headline number, 1.5% year-over-year in february from 1.6% in january. food and energy fell to 2.1% in february. jump in the bloomberg and look at a chart that shows you some perspective because true pressure has been building on

u.s.-china trade dispute that has been raising headwinds for the u.s. this: given all of situation, we have seen central banks turn dovish, whether it is the pboc or the ecb with fresh, new stimulus or tax cuts being announced in china. does this change of tune come in time or are they a little bit late? randy: that is always the question, whether the central bank -- you have a crystal ball that can anticipate everything. thathey undertake actions will have the consequences at the right time? will they get it all right? of course not. they have been trying to anticipate a slowdown. u.s., i called it the pivot to patience. they pivot to talking about patience, keeping trades roughly where they are for quite some time. my guess is that is exactly the same story that we are going to hear when powell speaks later today. that is a perfect point to leave it. randy sticking around with us for a little while longer yet. we will be taking a look ahead to the fomc meeting. patience is the name of the game. how long can we expect chairman powell to remain patient?

u.s. and china. i think one of the things we is the keep in mind announcement deal is really only the first step of this. the white house made this comment in the testimony in congress, enforcement is the big key. whether the chinese will live up to their commitments, that is really something that this administration has promised. of course, we have seen previous administrations draw commitments from the chinese and then the chinese not live up to them. we are expecting the new negotiators to be meeting with robert lighthizer this week. >> one of the things we're going to be looking at for the deal between the u.s. and china is any follow-up for the rest of the world. if the chinese step up their purchases of agriculture and energy commodities, that clearly is going to have an impact on other exporting nations that , countrieshe e.u. like australia. in brussels, they are looking at this very carefully. to have its needs own talks with trump. he has threatened to impose auto tariffs. they need to sort

u.s. and china are close to a trade deal. u.s. all as long as beijing follows through to buy more u.s. products. the u.s. and south korea agreed to end their biggest joint military drills in a bid to ease tensions with north korea. it came days after donald trump and kim jong-un on failed to reach an agreement at their summit. the decision was made to pursue permanent peace on the korean tesla. bill gross defined his investing career by meeting benchmarks. he said the era of outperformance is over. thin, betweenor treasuries of different maturities. he said central banks of changed the nature of the game. the probability of generating historical output are much less than they were. spacex watched its first echelon ready capsule at the international space station. no humans were on board this time. passenger was ripley, a dummy with sensors attached. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries, this is bloomberg. francine: thank you so much. less than four weeks have brex

china. we thought that was exciting. >> what could be done there? capitalmaking these markets more transparent is the wider trade tensions between the u.s. hat is on the to do list? the further progress would you like to see? >> looking at the capital markets. for years, global investors have been interested in this market. it is challenging. then again, this is not fortunate but for tomorrow. the chinese capital markets. tomorrow has come in deed. obviously, a lot of global investors are investing into the markets through some of the connection that china has felt over the last few years. we are talking about the bond connects. there has been a lot of this going into a. last year, if you look at foreign investments into the china markets, it exceeds 18 million. this is the largest recipient of foreign investment into the bond markets among emerging markets. of policy inclusion bank bonds into the bloomberg index will be a game changer. we have been talking about this for some time. obviously, it will come on board in april. this is exciting. from what we have been talking to investors around the world about -- they're talking about this

u.s. is demanding that china lifts its tariffs of american products at the same time to u.s. measures may remain in place tail twenty twenty even if the two countries clinch a deal anytime soon that's according to government sachs americans say such approach is designed to make sure china delivers on occasions under the deal says washington basically seeking to establish its oversight in china where the right to slap a terrorist whenever it wants to and will beijing agree to that well i think that this is still one of the most contentious issues and i do not know exactly what those kind of differences will be out finally but i think that from chinese perspective i think it's unfair for the because this is. the trade in negotiation and i think if i no deal would be accepted by both sides if it can be called a creative deal so in a kind of a. unilateral actions taken by one side to to to to have the leverage to try to have the penalties on the other side i think that that may be one of the most difficult issues to be accepted by the others so what you do god i think that it will

u.s. probably is behind china in this aspect. portant for the chinese economy that they are going in, making the investment, that's the difference between their government and here in the u.s., where we have companies that are plowing money into this. i mean, this takes time to build this network. there aren't very many 5g phones available. i mean, samsung will have one coming out, i think a couple coming out in april, but midyear, but here's the problem, the infrastructure's not ready here. at & t i think is going to be ready in about 21 cities but the phones aren't available, the network is going to take years to build out. i'm thinking 2022 before it really takes off. huawei is in a sense kind of leveraging this, taking advantage of this, you know, with the help of the government. susan: hopefully, when it does roll out, we will actually get those download speeds they promise. great to see you today. don't forget to keep that umbrella in the office. john schwartz in san francisco. >>> let's get to martin shkreli, people love to

china. there is a general consensus in the u.s. ross the political spectrum, in the business community, and in the academic scholarship community that china is not liberalized, have not kept haze with its commitments to the international community consistent with its economic growth. 20 years ago, it did not matter so much. today, its economy is quite consequential. itit bars a foreign product, is consequential to the global economy. there is a consensus that china has not stepped up to its requirements. haidi: there is a view that this gives an opportunity for beijing to make these structural reforms, that it also want to undertake. is the window closing in terms of it is now grappling with a slowing economy and having to return to the old playbook? it will not be able to do that quite so easily. frank: this is a really interesting point. look, this could easily be a meaning theome, u.s. gets better market access, but china, by lowering tariffs, makes his industries more competitive. it takes some of the distortions out of of its o

u.s. exports to china are down by double-digit percentage points. whereas u.s. imports from china have been flat. all the talk that china is being hurt by all this trade wars is not quite reflected in the numbers that we have so far. there was yesterday an interesting article in the financial times, they looked at u.s. export to japan. all these unintended consequence of trade wars is affected by the u.s. withdrawing from t.p.p. coming back to the question, the president tweeted a year ago that trade wars are good and easy to o win. well, they are not. and i think the u.s. is seeing it left and right and it's popping up in areas where people may not have's -- have expected it. at the end of the day that forces the u.s. administration to make deals just to make deals. it would have been more promising to stay in t.p.p. and the issues you may have with china maybe on the intellectual property right to tackle it together with europe, japan, korea. those countries in this he respect have all similar problems. but the u.s. decided to start a trade war with japan, with

in this case, the best/china agreement -- the u.s.r intellectual property regulation, so there will be priority assessments of how china's doing based on certain metrics about intellectual property, trade, importing more u.s. goods. the aim in economic terms is to create an incentive for cooperation in the medium-term, so it is not the end of the game. tom: stephanie, i don't buy it for a minute. i don't mean what alberto or you are saying, but what we witnessed in hanoi is front and center. we will have the two leaders of china and the united states, let's say down at mar-a-lago over two scoops of vanilla ice cream, and they have to decide to change things after what we witnessed in hanoi. are we going to have another hanoi in, let's say, mar-a-lago? >> i don't think so. i think hanoi is going to make it more likely we see an agreement. trump is hungry for a deal. tom: we know that. >> he wants this, but there's also economic incentives. the farmers are getting hurt. the steel industry is doing ok, but there's still 10% tariffs on $2

u.s. and china, part of the fact that the u.s. g to seriously address the risk to the united states globally with the rising power of china economically and militarily and trying to do more to he protect critical infrastructure and work to protect our allies. maria: the fallout coming up this morning. markets kicking off the new month with gains this morning, futures indicate a gain of almost 200 points out of the gate, three quarters of a percent higher on the dow, two thirds of a percent high wear the s&p, up 17 points and nasdaq up 52. this after modest declines yesterday. take a look at the market yesterday when the dow lost 69 points, the s&p was down 7, the nasdaq was down 22. it has been a strong start to the year, however. all of the major indices up at least 11% year-to-date in 2019. global markets this morning in europe are also firmer, fq100 up 39 points, the cac in paris up 36 points and the dax index up 145 points, one and a quarter percent. in asia overnight, gains across the board there as well. the best performer ch

china. equities and small business are leading the pickup. shery: u.s.esume later in beijing. both sides they say they want to deal, but important obstacles must be resolved first. let's get to the market open in japan and south korea. how are we setting up? sophie: we are taking a look at tokyo. the nikkei 225 off i went percent. the topix seeing declines as we saw wednesday, more than half of cut -- more than half of companies on the benchmark. weakness for stocks in japan while the yen is trading at 110. 47. let's check in on the mood in seoul. the cost be lower by 0.7%. he korean won up 0.4%, at the 11.48 handle against the dollar. confidence unchanged at 76 for the month of april. flipping the board in sydney, stocks snapping a two-day advance. we do have shares in wellington gaining ground up 0.2%, extending gains to see the benchmark climbed to a record high for attempt time in the month of march. well we are seeing stocks mixed, yields very much under pressure. yield tradingssie at record lows once more. we are seeing 10 year kiwi deals also slid

u.s./china trade talks. the u.s. envoys to china saying the two countries are not as close a deal as everyone had hoped. the ambassador telling the wall street journal that negotiators have yet to set a date for the final trade summit between president xi and president trump. that indicates more work may need to be done here. ashley: that news sending asian markets reeling further. there's selloff with weaker than expecexpected trade data. analysts say even if beijing and washington settle their trade dispute soon, china's export growth this year will likely be lackluster. lauren: what does thisal all meaall mean foru.s. markets ande bring in francis newton stacy, thank you for joining us on this 10 year an verse anniversary ol run. is china more likely to want to do a trade deal or as we just reported, are they still very far apart on the terms? >> well, it's hard to say. but the thing that's interesting is -- so, what's happening with the chai noos chinese central b, they're being acda acome accomm. you would think

so china is not very happy about it u.s. national security adviser john bolton says china uses bribes and shady deals for its expansion and huge loans to hold african countries captive to its demands a china seeking to establish itself as a string puller in africa. well i think that china's relationship with africa has been maintained on a very somber foundation for many decades and i think that oppose the africa country as a whole as well as. a china we have appreciated such kind of very good economic politico relationship i think that nowadays the swedish about much more comprehensive include the even wider spectrum of the people to people dialogue as well as many other cooperation on those. sustainable economic development of climate change as well as i think both sides also agree that they should china would help africa as a whole too we can mess more into those a sustainable security capacity beauty so in that regard i think that this relationship is based upon that quality and based upon the now going to innovation into

i can't help but think we're going to get a basic spread of china over u.s. ar, about 46 bits. change, is a mess of does it drive yields lower in china and do we see a discount eventually between u.s. and chinese debt? rates: yeah, the chinese hang around the 2.5% level. you can fully hedge your currency now so there is no risk there. it is quite easy. you do have to make a currency call. the spread of deadly going to compress. we don't think there is enough chinese government bonds on issue to satisfy global demand. let's hope they keep running a fiscal deficit. they need to keep increasing the government bonds apply. it is a funny structure, nowhere else in the world are the policy bank so you -- so large. see the supplyo increase in the market. yvonne: the that impact the currency? i'm wondering because of the rally we have seen. do you see it having legs? it seems to have deviated from fundamentals quite a bit. hayden: nobody is talking about that, right? nobody is talking about the inflow coming through over the next 12 months. that is a scary thing. ever

about ongoing u.s. china trade snoerkss and talked about the new trade agreement between the u.s., mexico and canada. >>> would our guests please take their seats. and the committee will come to order. good morning. today we welcome ambassador robert e. lighthizer, the united states trade representative to discuss u.s. china trade. one of the challenges for the ambassador, members of the committee and the administrat n administration -- there is some truth to what everybody says about trade. at the direction of the trump administration there are currently u.s. tariffs of $250 billion on chinese imports. in retaliation, china has imposed tariffs on $$110 billion of u.s. exports. this hearing is our opportunity to make clear what congress stands for on u.s. china trade and what the american people need to see in any trade agreement. as the administration concludes its work and memorandums of understanding with china. at the outset i want to ac knowledge that ambassador lighthizer is leading negotiations with ch