and of horse, and moss. -- dan moss., 11 french presidential candidate debates, squaring off. this is bloomberg. ♪ scarlet: "what'd you miss? i'm scarlet fu. " -- i'm scarlet fu. "what'd you miss?" endedscal year in japan on friday and not a single one .f the ones there went bankrupt the cost against japanese corporate debt default is a white line and is falling. the cost of corporate debt default in north america is rising. that is your blue line. some investors say that the company debt in north america has become too expensive. meantime, in japan, you have near zero interest rates and loan guarantees keeping companies in business. the last time japan saw no bankruptcies was more than one quarter of a century ago. this is always the knock on japan, these a zombie companies that will never go bankrupt so investors know not to pay too much. they are having a big debate in france. the second day televised debate. i think it is 11 candidates debating. eu go, the favorite dashboard for checking things in europe. this is fre

vonnie: i am going to bring in dan moss. you are listening to megan murphy. look at the vix, it is approaching 16. given that it was unable to get above 12 for so long, is a major deal. also, the dollar index is right back down around the 100 mark. is that because of what megan murphy was saying? >> i don't dig it is the overall reversing a positions -- i don't think it is the overall reversing of the additions, but more the comment on the dollar. other things he said and did yesterday our pro-growth. china is the world's second-largest economy. while the growth rate has slowed, it is still growing at close to 7%. there is no way they want to embark on a trade war that hurts consumers and hurts his misses. the people lining up at best buy on christmas night and on thanksgiving night to walk out with her flatscreen tvs, these are not donald trump voters. i am generalizing. you get the general point. they are able to buy a pair of jeans for $15. the global supply chain enables that. taking action against china does not help that. vonnie: do we know definitively

joining us now is dan maas. -- moss. how will this frame the minutes we get out this week? e have had so many speakers from senior to quite junior coming out more or less saying the same thing. the minutes are not going to surprise in that regard, but back to what adam mentions about the gap with the market is, this time last year, the fed and the markets were running from the.. and if dots are in, anything, it is the fed that have had to leave the market. go back to that week just before the last rate increase, march increase. we began saying it was a bluff, they will not do anything. -- 72discussed, in 27 hours, it did. what was that change? what happened, why are the stocks now back in vogue? trajectoryonomy's seems pretty steady, and unlike this time last year, there is no external shock. if you go back to january with concern china would fall apart, it did not. the global deflation/this inflationary scare, that has -- disinflationary scare, that has abated. they are feeling more comfortable about that situation in europe, so there are a number of things going on that th

thank you so much, dan moss.ver: still ahead, president trump's auto factory push may be in jeopardy at following yesterday's weak sales numbers. this is bloomberg. ♪ scarlet: in business, disappointing auto sales yesterday may signal the industry sales winning streak could be running out of gas. carol massar and cory johnson are here. we're joined by the ceo all the way from michigan. but the notion that this is technologytment in driven changes happening in the audio industry. to be here.cited yesterday was a big day for us. we announced an investment into water attack, a venture capital fund which is a really big move for us as a company. it does three fundamental things. access tos tremendous starting logic. secondly, the industry is evolving quickly, and we don't want to get surprise and a car out moment, so we are somewhat protected. , andndustry is changing this is an opportunity for us to advance that. i think a little bit different culture and open of people's minds to different places in the world that

dan moss, great stuff as we get close to the imf meeting.friday, live coverage of the imf spring meeting in d.c., and we will bring you interviews all names like jason furman, european commissioner for economic and fiscal affairs, and former pimco ceo and columnist for bloomberg, mohamed el-erian. this is bloomberg. ♪ oliver: this is "bloomberg markets," i'm oliver renick. scarlet: i'm scarlet fu. biggesteluded the business stories in the news right now. united won't fire anyone after last week's physical removal of a passenger from overcrowded flights. a --eo says the system was the problem with a system failure. he will meet with officials in china about their concerns later. united says it is too soon to tell us about publicity were part -- will hurt bookings. apple plans its was extensive lineup yet. three iphones for launch as soon as this fall. the device included upgraded versions of current models, plus a new top-of-the-line handset featuring stainless steel and more mass cameras. -- more advanced cameras. that is your bloomberg busi

dan moss, great to have you. big discounts. the prospects for the rest of the year.s is bloomberg. ♪ betty: this is "daybreak asia." i am betty liu in new york. in hongi am yvonne man kong. elon musk has been poking fun at short-sellers. tesla stocks jumped to a record, taking its market value above the ford motor company. stormy weatherd " in shortville." short interest in tesla has risen to 29% of its free flow , up from 20% in october. upty: u.s. auto sales came short with forward and cheerleading the clients. plunging demand for sedans and compacts. forward deliveries -- short with ford and kia. plunging demand for sedans and compacts. bmw topped mercedes in the u.s. luxury market for the first time this year as sales of the x3 and x5 suv's sword. suv's soared. the m w lost the title to mercedes last year for the first time since 2013 and aims to respond with its biggest ever rollout of new models. potential tariffs could be a problem when president and his chinese counterpart mov meet this week. michael, great to have you. i want to get your initial take on the