>> welcome to daybreak australia. i am paul allen in sydney. >> i'm ramy inocencio in new york. >> sophie kamaruddin hong kong. we're counting down to the asian major market open. paul: the top stories we're covering, theresa may prepares to offer her brexit plan b. she told her cabinet there is little chance of cross party support. you shutdown drags on in washington. president trump's latest offer is rejected as a top democrat says let's talk. tesla cutting jobs by the thousands. the road ahead is rough. it has lost his crown as the most valuable u.s. carmaker. ramy: let's get a quick reminder of how u.s. stocks ended last week. they were clearly in the green. all gaining. the dow up by 1.4%. s&p almost as much. highs we have not seen in the past six weeks. december 6 was the last time we saw the indices at these levels. some optimism here was because china was saying listen, we are willing to actually put the trade deficit down to zero by 2024, but then the white house said we might do an executive order possibly a

welcome to "daybreak: asia."tory, president trump called top congressional leaders to meeting after suggesting he is open to a deal to end the government shutdown.

welcome to daybreak asia.our top stories this thursday, the fed has flexibly as dovishness becomes the tone of the day. samsung is want to watch as fourth-quarter profits miss expectations. another sign of weak demand for memory chips. shery: investors await new data from china. activity is expected to have slowed again this month. let's take a look at how we are setting up in terms of the first few minutes of trading in tokyo. we have a pretty good tailwind from wall street as we had positive earnings and then reiterated by the fed going nowhere fast when it comes to its tightening regime. sophie: we have those themes going into the session in asia this thursday. also bracing for a super busy day on the earnings front. facebook, tesla, alibaba reporting overnight. in japan there will be reports from nintendo and others. from korea, samsung is the highlight. onare reasoning -- relating other results. the open, the nikkei rising, the yen holds near a two-week high. investors in japan and korea will have industr

this is bloomberg. ♪ "daybreak: asia this isery ahn: "daybreak: asia."a month-long freeze-dried regulators. gamesal approval for some is a positive trend but the company still awaiting the eau claire 14 of of its most popular titles. shery ahn: las vegas sands fell as analysts question is loss of market share in macau, particularly in the mass market which has been seen as a sweet spot. shares saw their biggest drop in three weeks. >> a new deal with virgin galactic. the designer makes next generation clothing for trips to space. ,he designs are yet to be seen but they will not be like traditional space boots as the ship has -- does not have pressurized cabins. they're working on a space center in new mexico. raised theaghi has alert level on the euro area slowdown is global growth slows and the trade war persists, pushing any rate hike further into the future. bloomberg global economics and policy editor kathleen hays joins us with the latest. president draghi came close to fully downgrading his outlook in december but this time he had to cave. kathleen

welcome to "daybreak: asia." our top story, president trump called top congressional leaders to meeting after suggesting he is open to a deal to end the government shutdown. china's present talks of changes unseen in a century as he's prepared for major speech on taiwan. asian stocks set to kickoff 2019 on a muted tone after global equities had the worst year since the global financial crisis. juliette: we are getting some breaking news across the terminal. 1.3%, the survey was for drop of .9%, all of this coming in an election year. the impact of the housing downturn particularly those key markets of sydney, melbourne, and brisbane. falling 1.3%, so that is certainly a miss there. the chinese president makes a speech in taiwan later wednesday, after a new year address which stressed self-reliance a minute and economic slowdown and continuing tensions with the united states. tom mackenzie joins us now from beijing. -- weas the key takeaway don't seem to have tom at the moment. let's go back to some of this data t

this is "daybreak: australia."ional fund cut its forecast for the world economy predicting the growth in three years and saying fresh trade tensions would mean trouble. a second downgrade in three months, the fund blames softening demand in europe and recent volatility in markets. christine lagarde says growth is slower than expected and risks are rising. >> even as the economy continues ahead, as i said, it is facing significantly higher risks. actually related to policy. risks are increasingly intertwined. ramy: china's president jinping stabilityeaders that is crucial in the face of slowing economy and simmering trade war. party must communist make greater efforts to prevent and resolve threats saying areas from politicsge to the environment and global circumstances. says.k. home secretary britain should work with allies on a coordinated approach to telecom networks. parliamentsked in whether theresa may's government 55-g inock huawei from 5-g in the u.k. and petro china has brushed off $1.5 billion writedown fr

to "daybreak: asia." shery ahn: over the next two hours, we will bring you the news you need to know as markets open across asia. haidi: theresa may survived a no-confidence vote and says rivals must work in the national interest. apple telling bloomberg that hiring may be cut. huawei is said to be under criminal investigation for stealing trade secrets in the u.s.. an indictment could be imminent. shery ahn: we saw the dow closing for -- the dow gaining for the second consecutive session. 2600&p 500 above the level, close to the 60 day moving average. we haven't seen the s&p 500 top that level since early december. financials were the big winners today. did pare some of its earlier gains and nasdaq rose 0.2%. that, on reports that huawei was being investigated by u.s. prosecutors. we could see some more positive sentiment developing from the chinese announcing new stimulus measures, not to mention the brexit no-confidence vote, the no-confidence vote against prime minister may. let's turn to sophie with

"daybreak asia." stories this tuesday, a warning for davos. is slowing further and risks are rising around the world. president xi talks of serious dangers with china facing a simmering trade war and growth at its slowest in three decades. shery: asia pacific stocks face a muted start. let's get straight to sophie was a check on the markets. south korea fourth-quarter gdp numbers, a big beat. sophie: we are going to have some reaction to that. fourth-quarter growth coming in better than expected, expanding on a yearly basis compared to the 2% gain in the previous three months. increased spending by the government to help offset slowing exports. concern as hinted at by the early january trade data that saw exports tumble the most in more than two years. ares check in on how stocks kicking off the session in seoul. we have the kospi opening flat after a five-day advance. the nikkei gaining ground, .1%.ds aussie shares are falling for the first day in six months lower. are looking at subdued sessions aft

su: you are watching daybreak asia. minister theresa may is set to have dropped -- said to have dropped the idea of getting outside party support for her brexit deal. she said it will have to pass on conservative and d.u.p. support a loan. the european union is split on whether brexit should be delayed, but some are passing for a year-long. may said she has no intention of doing so. president trump's lawyer said real estate discussions about a trump tower in moscow continued later than has been reported. he said -- rudy giuliani said conversations between michael trump -- michael cohen and mr. trump continued until june of 2016. they previously said the talks ended earlier. the top democrat in the senate said president trump' latest shutdown proposals will not pass. chuck schumer said the offer to extend professions for -- protections for dreamers in return for the funding of the border wall will be blocked by democrats on capitol hill. the fallout is widening with increasing numbers of federal workers saying they can't

lots more ahead on daybreak australia.omberg. ♪ s is bloomberg. ♪ back.welcome there is plenty more coming up on daybreak asia. alicia garcia carrero joins us as we look at a lot of economic data throughout this week, haidi. haidi: a real glimpse into all of the bearish forecasts the global economy has led. that is a must it for daybreak australia. treating in new zealand is underway. australia is closed for a long weekend public holiday. pretty much unchanged for the open with tokyo and seoul. ♪ 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. haidi: good morning. i am haidi stroud-watts. ramy: good evening, i am rainy --

asia,come to daybreak from our global headquarters in new york. next two hours we were bring you the news you need to know as markets open across asia. ♪ >> top stories, wall street to easegher, they want u.s. tariffs on china but the treasury denies a plan. as mixed earnings reports adjust it is spending free on content may not pay off as quickly as expected. china raises the stakes with canada, beijing says banning huawei from 5g networks will have repercussions. shery: let's start with a check of the markets, the close of the thursday session in the u.s. as the s&p 500 rose for the third consecutive session, moving past the 50 day moving average. every sector on the s&p 500 was in the green. the headlines boosting stock markets in late trading. we have positive act of data out of the u.s. including -- eco data out of the u.s. andid see morgan stanley reaction to their earnings being negative. financial stocks managed to gain ground for another session. u.s. futures unchanged at the moment. let's see how we are setting up for the markets in asia

daybreak asia.g let's get the first word news.ll visit pyongyang at the in -- invitation of kim jong on. he wrapped his fourth trip to beijing in four months. 10 -- 10 months. thecond summit between north korean leader in president trump. nuclear talks have stalled since their meeting last june. the latest move to aid smaller corporate center struggling as the economy slows. the pboc will lend money to banks under a new policy instrument. approach toecemeal arresting the slowdown in the world's second-largest economy. the latest fed minutes show policymakers are taking a more cautious report -- approach to rate rises. the statement said members had the view that the current environment of muted inflation means they can be patient about tightening. some favored no change. reports say tokyo say nissan has briefed the french government on its internal investigation of carlos ghosn, france is a major shareholder and has been demand a details of claims against the former chairman. he remains under arrest. his appeal for a bail but his

you are walking daybreak us -- watching daybreak australia.it is are in beijing for a crucial--- crucial talk. a 90 day truce will end in march but many hurdles are remaining. we have the senior vice president who served as senior advisor in the department of commerce. how important are these working level talks when you can have president trump tweeting at any moment, derailing any progress? thatdon't think they are significantly we could get some nominal short-term gains but in the big picture i think china may look back at the trump era as a time of strategic gain and the tariffs were a rounding error. don't think of the next two or three years, think of 20 or 30 years. thinking of the u.s. leaving tpp, arguing with japan over cars, south korea over defense, canceling eight military exercises which china hoped to do, they are willing to take the hit on the trade war to gain in asia at our expense. shery: even if they do have a deal by march 1, how important is it they have an enforcing mechanism for whatever they agree on? >> the only one w

plenty more to come on daybreak asia. this is bloomberg. ♪ haidi: visit daybreak asia.: let's get a quick check of the latest business flash headlines. wynn resorts is selling in an investigation in nevada over how it handled allegations of sexual misconduct over former ceo steve wynn. the casino operator will pay in unspecified fine to group your viewed by the gaming commission and regulators say they won't limit licenses. authorities from massachusetts are looking into claims against wynn that first arose last year. haidi: pg&e still plans to declare bankruptcy despite trying to avoid such a move. elliott management has a proposal backed with $4 billion in bonds that could convert into pg&e shares. the group is pitching a rival plan but the company is still expected to file for bankruptcy later on tuesday. more to come. taking a closer look at the criminal charges against huawei. 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. t

asia --me to daybreak "bloomberg daybreak: asia" haidi: u.s. stocks closing stronger. the shutdown tracks on amid warnings of zero growth of this quarter. nancy pelosi is blocking the state of the union. get a quicket's check of the markets here in the u.s.. a day it was for u.s. stocks. the s&p 500 managed to finish above its 50 day moving average. we had some cautious confidence as this rebound may be has legs. the nasdaq stayed unchanged. essence be futures are also not moving that much right now. we do have concerns over global growth and trade tensions. but some more positive earnings coming out of ibm, procter & gamble, and united technologies. asian stocks are set for a softer start as that growth debate continues in sydney. we are seeing some lawsuits. led bygards are being beach energy, which is off by 2%. in new zealand, we are seeing declines in futures. we do have some corporate updates on the agenda. reporting earnings fell short of expectations on weaker demand for memory chips. that tracks with texas instrument's performance in the fourth quarter. the fo

su: you are watching daybreak asia.ar is becoming more complicated with the wto opening an investigation into president on chineseiffs goods. they are asking whether the duties breached the requirement wto members must give equal , as beijingment asserts. a new talk will begin with potentially new duties being imposed in march. the interim finance minister in india will meet state run banks later to discuss the health of the sector days ahead of the budget. the reserve bank governor is likely to attend the talks, which will cover sour loans, nonperforming assets and general nonperformance in the face of $200 billion of bad debt. china named a banking veteran as head of the securities regulator csrc. theas recently the chair of largest lender. his new role puts him at the forefront of opening china's $40 trillion financial system to oversee. a majority stake in the chinese -- j.p. morgan and -- leading companies in the u k and germany preparing to cut thousands in jobs in accelerating online shopping. this company is ill

welcome to daybreak asia. haidi: let's get you our top stories.pple shares plunging as they cut first-quarter revenue guidance, blaming and expected slowdown in -- an unexpected slowdown in chinese demand. -- adding to the new year glam, a global manufacturing slump as china's factories had late disappointing -- highlight disappointing data around the world. ramy: we are seeing green on the board for this training session in the united states, the s&p 500 up .1%, futures are currently down. a minor just eking out gain. the nasdaq is the biggest bump of the three, up .5%. , they these indexes opened negative largely because pmi in asianna -- countries, like china. i will show you what exactly happened. it was the energy sector that was the biggest leader, up 2%. this after reports as saudi arabia was cutting its exports, and that gave a boost to oil. wti and brent crude rose 2% on the day. that was the highest in the past two weeks. haidi: let's look at aussie markets. they have just opened in a staggered start to the trading session. we were expec

beyond fast. >> this is daybreak asia.s after canceled trade talks with china. the administration had turned down the offer of discussions because of a lack of progress. economic advisor larry kudlow said the report wasn't true and that a meeting later this month will be very important and determinative. theresa may is being warned of increasing disquiet in her party. members are worried that her government is sleepwalking toward a hard brexit. hadday's cabinet meeting tory rebels threatened with no brexit. a new deal outcome should stay on the table, they said. we continue to follow the ongoing parliamentary debate in the u.k. urge the united kingdom to clarify its intentions as soon as possible and to date, we have nothing to say from brussels, because there is nothing new coming. >> kotter says a remains hopeful its diplomatic standoff with saudi arabia can be resolved and it is always open to talks. the saudi red talks cut diplomatic ties, accusing of being too close to iran. the government may irritate riyadh by suppo

sophie: welcome to "daybreak asia." haidi: our top stories this monday, asian markets set for start to the week after a strong jobs report and comment from the fed and monetary easing out of china. trade optimism helping things along. the u.s. delegation in a beijing for the first face to face talk since the tariff truce. president trump moves closer to a radical move to fund his border wall by invoking national emergency. shery: we saw markets rally, one of the best gains that we saw in this bull market. potentially setting up a positive day for asia in the equities on this monday session. sophie kamaruddin has a look at this monday session. nikkei adding nearly 2%, recovering some of the drop we saw on friday. they really fell by more than 3%. apple shares among the biggest -- tokyo.n turkey of samsung and apple looking to tie services on samsung tds. sony adding a tenths of a percent. quickly checking in on the yen, it is holding steady after losing some ground. aussie an eye on the dollar, back above 71 u.s. cents a

anchor: welcome to daybreak asia . anchor: our top stories this friday, apple's worlds and the week factor adding to global growth concerns. apple stocks plunging the most in almost six years. the gloom sees another leading voice going for a fed pause. the uncertainty just too great. anchor: let's get you started with the markets close in the u.s. we saw u.s. stocks declined but the dow fall in more than 600 points and nasdaq also down 3%. every sector on the s&p 500 was in the red with the exception of defenses like utilities and real estate, the biggest fall since christmas eve. we had some negative data out of the manufacturing index, which fell the most since the recession. that for growing concerns over the u.s. outlook and at the same time, concerns over apple at the cut there -- as they cut their sales outlook. 29 of the 30 chipmakers on the index fell in this session. ..s. features trade tomorrow i would not be surprised to see a lot of pressure given what we have seen on the u.s. market on this there's a sessi

on daybreak asia. this is bloomberg. anchor: this is daybreak asia.of the latest business flash headlines. air france has passed caroline airlines to become the biggest in europe. klm airlines to become the biggest in europe. it is in danger of being topped img.british airline anchor: boeing jumped at the takeover and one the approver -- approval in brazil. it is expected to be close by the end of 2019 after the draft final documents and seek antitrust approval. they have treated that brazil's national interest will be safeguarded. anchor: in ai start of said to about $2 billion and already working with advisors. the firm attracted more than $1 billion last year, a value of billion that bloomberg reported in july. >> class path is pushing ahead with a run into asia this week. the move gives the company a foothold with 11 cities across the region. from to cap -- blue phuket.ho cap -- blue >> we raised almost $90 million in financing. major investors in equinox we launched so kong,y in singapore, hong .uala lumpur in dubai -- and dubai. we have added si

manus: welcome to "daybreak europe." the machine maker saying the first quarter net sales, 2.1 billion. that is below the market consensus of 2.7 billion. margins also under pressure. they are saying, in the fourth quarter, that their margins came in at 44.3. 48.1%.ket wanted this story,balance raising the dividend. you are seeing a number of their players. their customers flashing warning signs. samsung talking about their. the guidance from margin in terms of the first quarter also being reduced. it will be 40% from 47.3%. raising the dividend by 50%. and in terms of the other news, they are seeing full-year shipments at -- first quarter negatively impacted by about 300 million euros. we will dig deeper with the ceo. good morning. to the ceoill speak later. one of the big questions will be how much other industries can offset a slowdown in the smartphone market? and of course big questions around the customers, tsmc, and samsung. what does it mean for the business of asml? let's head to davos. business leaders are gath

this is daybreak e.a. -- daybreak asia. where that the economies, one of the reasons the fed is expected to press pause on rate hikes. in turn helping the yuan defined china slowdown. let's discuss this with head of u.s. rate strategy. great to have you with us. we have to be that we have heard more and more fed officials talk about this economic slowdown in china, including one of the most hawkish in the fed. could this really be what prompts the fed to be a little bit more cautious going forward? >> there have been a lot of things that changed dramatically over the course of the last six or eight weeks. there has been a shift in the equity market, which has increased the tight conditions within the financial conditions tightening index. for that reason i think the fed is going to be content to take a step back, take a look at what going on with the global economy, and from that point decide whether or not they can to deliver another two or three quarter-point rate -- corner point rate hike. >> we are seeing more and more

welcome to "daybreak asia."p stories this wednesday, asia-pacific stocks facing a mix to start. are raising higher with the dollar. revenue met lowered expectations although china remained weak. shery: sterling reacts as the brexit deal -- there will be no delay. theresa may will head back to brussels. investors have a lot on their plate this week. we have the trade negotiations between the u.s. and china kicking off as well as the fed coming up with their decision on wednesday not to mention the brexit drama unfolding in the u.k. a have seen the u.s. markets little bit next so we will see what asia does as we lack clear direction from wall street. sophie: it is a wait and see game being played. a quick check on what is in the lineup today in asia in the last half-hour. inflation due later this morning. japanese consumer confidence for january may see moderation. december trade figures are expected to see a slowdown in exports worth. we have the nikkei 225 gaining ground this morning, up .2%, extending games. th

this is bloomberg. ♪ haidi: this is "daybreak: asia."k check of the latest is this flash headlines. investors continue to pull money . they saw $60 million of redemption in december, lowering asset manager 50 million from february's all-time high. they have leaked for 10 consecutive month. performing under 80% of its peers. one of the leading retailers is preparing to cut jobs. they are contemplating setting out outlets. that is roughly half the stories and employees. they are expected to make a proposal in the coming weeks. the pboc has declined these of and mastercard process payment and the yuan. the requests were put in under a year ago under a process which should have seen them make a decision within 90 days. all declined to comment on the story. haidi: let's take a look at how markets are shaping up. how are we tracking? thise: looking mixed monday. korean assets are under pressure kospi offost be -- about 1%. isle the offshore yuan yielding better than july 2005. the aussie dollar is easing its drop. gaining ground set by a fit d

lots more to come on daybreak australia.s is bloomberg. ♪ loomberg. ♪ haidi: let's get a quick check of the latest headlines. investors continue to pull money from the bond fund. it saw $60 million a reductions in december, lori assets to $950 million from february's all-time high. the fund has leaked cash for 10 consecutive months. it suffered a loss of 4% last year. underperforming more than 80%. shery: remco may top the bond market for $10 billion to fund the acquisition of a petrochemical giant. in thegdom will decide coming weeks about the size of any proposed bond, indicating it will not be so enormous. it would force it to disclose its accounts for the first time. . haidi: markets locally opened for the cash trading session and 30 minutes -- open for the cash trading session in 30 minutes. this is up 1% despite wishing -- wall street finishing with a slow -- three straight weeks of gains for the three major indices. lots of event risk for china trade kicking off the week as rateas bank of indonesia decision. earnings

this is bloomberg daybreak: europe. thanks --s to -- angst. shares plunged as much as 8.5% in extended trading. wild swings in the yen and the aussie. surprise from china. the taiwan tumble. european futures and japan remains closed today. risk appetites across the board. as opec gets a head start on cutting output. washington adds to the turmoil. no deal insight. the new congress is sworn in. warm welcome to daybreak europe. apple warned about profits and the reverberations went wild. there is major confusion in the currency market. i want to show you what happened with dollar-yen. dollar-yen crashing in seven minutes. it took seven minutes to barrel its way through levels that have held for 10 years. what set off this crash? thepple warned about china, scurry to the havens came into play. dollar-yen also moving quite aggressively. juncture against the aussie dollar. you can see we have come all the way back. the flash crash proposition has got two legs, if not three. money flows to the havens. 10 year government bond futures trading at a one

this is bloomberg daybreak. j.p. increase illnesses at its corporate investment bank this year. bloomberg learned average increases will be in the single digits. equity traders and investment bankers will probably get more. it accounts for more than one third of jpmorgan's revenue. ceo is rewarding investors who have stuck with him through the three-year restructuring as they expect the buyback of millions of dollars worth of shares by the end of the year. credit suisse is falling -- it shows credit suisse was falling last year. millions in liabilities over wildfires and moody cut pg&e's credit rating to junk. s and p taking similar action, or seen pg&e to force cash collateral to guarantee power contracts. alix: thank you. let's start with pg&e because shares of the share fell and that is trading like junk. the commission's meeting, they talked about any kind of broad measurement that they were going to take. as well, joining me now a, head of north american utilities research. he has an equal rating on pg&e. how in

. -- ais "daybreak we europe daybreak: europe."nd these are the top stories president trump is either to cut a deal to boost the stock market. >> asian equities from japan, korea and hong kong gain more 1%. the president took to prime time tv to make a case for his border wall, but his yielded no new plans. to resume a restarts her stalled bid. she has five working days to overcome opposition on parliament. manus: welcome to daybreak europe. there is a thaw in the area. the yuan tells the story, as china goes for potentially a bit more fiscal easing. we understand from our sources that you will see a little more stimulus. 10 year government bond yields are moving. one analyst says that the run could be done. at 10 year yield will hit bump, and a jp morgan weekly index went from being bullish on treasuries to a bearish move, the biggest reversal in sentiment since june of last year. you are seeing the 10 year yields beginning to trade this morning. the aussie dollar as i have often said is the trade currency. allanalyst says we are

i ♪ >> this is "daybreak: asia."mazon's fourth-quarter results revealed a weak outlook meeting the stock is under pressure in late trade. our bloomberg technology reporter joins us from seattle. what did you make of these numbers? the second consecutive quarter with a have come in a little bit below wall street estimates in their guidance, and that has investors a little bit nervous. >> soccer about the currency effect as being one of the issues at play. will that be a headwind when it comes to international revenue, which also saw a slowdown as well? >> they forecast another currency dipped and sent absence that, they would be close to the in theirtimates guidance. there are still some currency headwinds out there. >> what about business in the cloud? >> still growing, still growing fast. it has been a driver for amazon for quite a wild. another thing worth highlighting is their advertising business, their new higher-margin stuff is growing pretty quickly, but it has not been enough to take investors' eyes off of th

this is bloomberg. ♪ >> this is daybreak asia. economies are seen dominating for the next decade. seven of the 10 top economies are said to be current emerging markets. one of the major trends -- it is interesting given that we are talking about slowdowns this year. trends -- whatth are the growth trends shakeup this ranking? >> this is a big picture take. it shows china by next year to become the world's biggest economy. not too much of a surprise there. by 2030, will see a big lift for india and indonesia. share --expecting the one share of global gdp to begin to match one share of world population. especially as the developing economies merged together. it fits the picture that there is a potential for these economies. delivering on that potential is a whole other story. >> what are the risks to this? some of the issues that will need to be dealt with our productivity. that is a well-known problem around the world. that means policymakers will have to make some difficult decisions. they also make the point that with the end of

live in upper darby, welcome to daybreak europe. stocks in hong kong take a hit from ugly chinese trade data. are the bulls still in charge? cutting output to shrink the crude glut. minister isl convinced opec is on the right track. theresa may makes the last asempt at a brexit deal tensions emerge in greece and france. manus: welcome to daybreak europe. welcome to abu dhabi sustainability week. let's talk about trade and how it's impacting the yuan. the yuan is just off a six-month high. we have seen pretty awful trade --a, but still the one goldman sachs believes the bar is high for failure on trade talks. minister, the own money, saying we are doing our best. minister, what more does he have to say? consumer leverage takes most of this market. the turkish lira also in focus. they will devastate the turkish economy if they take the curve. is it too soon to be optimistic in e.m.? good morning. risk assets have had a good run whether you are looking at equities, at e.m., at credit. we are seeing that in e.m. fx. you pointed to the l

this is bloomberg. ♪ viviana: this is "bloomberg daybreak."orporate america wants to and president trump's trade war. a coalition of 200 trade associations will start a new attack next week on policy they see as damaging. "e campaign will be called hurt the heartland." profit at nintendo beating estimates thanks to strong holiday demand for its super smash brothers and pokemon games. they had to cut their outlook for the switch device. shares up 60% this year. royal dutch shell came through three months of bile tile oil prices -- volatile oil prices. they will complete a $25 billion share buyback program. they are paying one of the largest cash dividends. 40 percent of companies on the s&p 500 out with earnings. this shows the surprise for sales on the top panel. the bottom panel is earnings. expectations were beaten down so much in december for the quarter. joining us now, larry and mark. adam, where do we still have upside if earnings continue to come in with a slight beat? mark? technology, things look very good. we had some good reports la

beyond fast. >> this is "bloomberg daybreak." get you caught up on your markets picture today. s&p 500 futures near their highs of the session, up .5%. nasdaq futures also up .4%. netflix about 1.4% of that that stock isng down, the industry group is up. you keep prime minister may holding cross party talks aimed at a compromise on her brexit deal. may.k. prime minister holding cross party talks aimed at a compromise on her brexit deal. crude, some support, $52.57 a barrel as we speak. we have the first word news. >> in the u.k., prime minister theresa may's attempt to break the brexit deadlock has faltered. she has given up her redline. she won't agree to jeremy corbyn's demands, she ruled out the possibility of a no deal brexit. aide for kim jong-un meeting with president trump. a second the stage for meeting between the two leaders. pyongyang wants some economic sanctions lifted in return for any concessions on nuclear weapons. the partial u.s. government shutdown is seen as prompting only minor damage to the economy. the clos

this is bloomberg. ♪ alix: "bloomberg daybreak." this is "bloomberg daybreak." your business flash.li lilly has agreed to buy lots of apology for a billion dollars in cash, representing a premium of their closing price on friday. it was based in connecticut and developed cancer drugs. sears preparing for a possible liquidation that could cost tens of thousands of jobs. the chairman's plan to buy several hundred stores at a bankruptcy fell short of qualifications. sears will focus on getting ready for liquidation sales to begin as early as the middle this month. worriedbernanke is not by the recent selloff in recent stocks. in a panel, he said that it is not wait out of range of relatively normal behavior. he pointed to what he called uncertainty about trade, the global economy and the near-term pass of the u.s. economy. that is your business flash. david: stocks have gotten up to the worst new year's start of the year and came roaring back after powerful jobs numbers on friday and jay powell saying he was paying attention, showing what is happening with the bounce back, basically it

this is bloomberg. ♪ >> this is bloomberg daybreak. ceo at metlife, the giant insurer. be tasked with all strength investor confidence in metlife. she is currently president of the company's u.s. and europe and middle eastern and african businesses. ellis is a longtime friend of tesla ceo elon musk. last month, he joined the carmakers board in an attempt to show that the board of directors is providing oversight. mazon surged past microsoft to become the most valuable publicly traded company. 7heir market cap is now $796 billion. they have been jockeying for the top spot for weeks. david: thank you. the consumer electronic industry is gathering today in las vegas. the focus for apple and facebook is very different from a year ago with samsung reporting disappointing earnings. guest fromour carnegie mellon and harvard law school, co-author of driver in the driverless car. you,nt to go out and ask the ultimate question, are we seeing a fundamental shift in the role of the big tech giants as we go into ces? >> the innovation is not coming

much more to come here on daybreak asia. bloomberg. ♪ >> it is 8:30 in hong kong and we are one hour away from the open ath just australia this moment for trading. japan is closed for a public holiday today and tomorrow. the official number from contractring fell into territory for the first time since july. watching you are daybreak: asia. let's get the first word news. trump has invited top congressional leaders from both parties to a white house briefing on border security after suggesting he wants to make a deal to end to enter the government shutdown. the invitation includes the eight top leaders in the house and senate that convenes thursday. trump hinted he was offering an olive branch to house democratic leader nancy pelosi. the chinese president makes a speech on taiwan later today, marking 40 years since the end to direct military confrontation. he used the earlier year addressed to stress self-reliance. he cited a series of technological achievements and 2019 -- 2018. used a video message to urge an end to negotia

this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe."ra cehic at messed with -- westminster. manus: i'm manus cranny in our dubai studio. the chinese go for stimulus. slip into the red, nikkei down .5%, began stronger ofyen stronger and the yuan 1.5%. higher on is snipping the back of the huge stimulus into the cash injection into the market. nejra: the euro area economy isn't heading for a recession according to mario draghi. of parliaments yesterday, the question we should ask, is this a sag or heading toward a recession? the answer is no, a slowdown is not headed toward a recession but it could be longer than expected. his remarks follow a state of disappointing data in weeks, casting doubt over the euro area's economic outlook. let's get back to valentin g10 fx research at credit agricole. given everything mario draghi i am finding it hard to go long euro-dollar. valentin: it is true, the data is somewhat contradicted by what the ecb expects but we think even in the worst case, when the ecb is forced to go back to its toolbox and unv

>> hello and welcome to "daybreak: asia." next two hours, we will bring you the news you need to know as markets open across asia. >> our top story this wednesday receives a vote of confidence, leaving britain in paralysis. relations with europe have been dividing the nation and its political class. the prime minister will now hold party.s about the downing street says she does not believe her deal is dead. >> let's get you started with a quick check of our market close this tuesday. we saw a broad rift on sentiment across the board as we saw tech stocks rally. the nasdaq gaining 1.7%. the dow also reversed two sessions of losses and the s&p 500 rose the most in a week, pushing through that 2600 level, which it had failed to breach three times last week. but of course, today was all about brexit. we had our eyes on sterling, which declined more than 1% but is now paring back those declines. u.k. prime minister theresa may brexitiling to pass her deal through parliament. that giving rise to speculation that we could potentiall

this is bloomberg. ♪ alix: this is "bloomberg daybreak."e market, it's the earning craze in the geopolitical risk surrounding the markets. european stocks a little on the upside, up .8%. the dax side, you have issues -- brexit overhang and earnings. flat, cable flat. let -- the 2-10 spread also flat. markets are literally doing nothing. david: crude is now moving around despite venezuela. alix: certain spreads are moving. david: what is moving his brexit. -- is brexit. there debateided will begin at 1:30 their time. it ends at 7:00 p.m. this evening. the chancellor has said we are "absolutely determined to avoid a no deal brexit." theresa may has resisted that. agrees, we don't want a no deal brexit. alix: lockheed coming out as well. they had a really nice beat on at $14.4coming in billion. earnings coming in a bit light, $4.39 per share. i'm interesting to see the call and what they will say about double demand that global demand -- what they will say about global demand. ity seem more confident when comes to their earnings outlook. .2%.t

david: welcome to "bloomberg -- daybreak" on this first day of the year. isx: what's exciting to me the bond market, purchase anything you can, there has got to be some pen of action happening there irrespective of -- china data. david: it's a flight to safety, the yen was up in a big way. alix: waking up to boom, another the euro dollar is weaker, as david mentioned. money into the dollar and money into the dollar-yen at a the 10 year yield has a bit across the bond market even in italy and the u.k., the yield is down here by four basis points. the real dramatic move has been in the bond market germany. crude is down by 1%. considering that risk off field. david: time now for the morning brief, president trump having a meeting at the white house with congressional leadership to try to reach a compromise on funding the government and tomorrow the 116th congress is sworn in with auto sales for the month of december. tomorrow, jobs days for the month of december. [no audio] the chief equity strategist, i will put back up this graph that shows china pmi. what

this is bloomberg. ♪ david: this is "bloomberg daybreak."organ stanley, we just got the earnings about 15 minutes late. the stock is trading down 3.5% in the premarket. disappointment in the earnings per share. a little better than expected on revenues. the fixed income trading was disappointing. equities, which you don't expect at morgan stanley. christopher wolfe is still with us. ben, welcome. for are you in financials? ben: we are underweight. long-term they did deadly in the fourth quarter. they have become cheaper. with this flat yield curve and low bond yield which we expect , and long-term high capital requirements and gradually slowing global economy that is a tough environment for banks to do particularly well in. you make it a bit of relief. i'm not sure these results will give it and the banks it badly in the fourth quarter. long-term i would be cautious. david: big banks made a lot of money in the fourth quarter. the profits are really up there. ben: returns have been ok. it is where we go from here. expectations have come down

alix: this is "bloomberg daybreak."ly underway. 119.es up willive earnings, stocks most likely rally by the end of the day. miners outperforming in europe. will that supply be sustainable? watching what's happening with brexit. theresa may facing off with parliament. the cable rate off .3%. overnight volatility quite extreme as well. the 2-10 spread about 14 basis points. gold, hello, eight-month high. david: people concerned it could turn around. $5.48.s-per-share, $28.3 billion. this is always lumpy because it depends on when deliveries happen. bad --growth is not so maybe global growth is not so bad. market moving up nicely almost 25% now. -- free market moving up nicely -- free marketw re-market moving up nicely almost to 5% now. alix: lockheed saw the same thing yesterday. they still had a strong quarter. david: some good news coming out of industrials. let's get an update on what's making headlines outside of the business world. viviana: good morning. theresa may heads back to brussels to renegotiate the most cont

for daybreak europe. bloomberg markets, the european open is next.e some modest gains today. manus: absolutely, the german data has not held. you can tune into bloomberg radio, we are live on your device and on the dab network in the london area. ♪ anna: good morning, welcome to bloomberg markets, the european open. i am anna edwards alongside matt miller in berlin. matt: today the market say wait and see, asian markets trade mixed after modest gains in the u.s. as investors hope for a tradeve outcome from talks in beijing, their cash trade is less than 30 minutes away. -- the cash trade is less than 30 minutes away. ♪ anna:

this is bloomberg. ♪ is "bloomberg daybreak." am viviana hurtado with your bloomberg business flash. target, sales rising in november and december. that be some estimates. target also maintain full-year sales and earnings forecasts. thousands of jobs will be cut, and the automaker will not rule out shutting down factories. ford has struggled with a trading market in the ok, its biggest overseas market. teddy lampert, offering $5 billion for workers. sears is on the verge of litigation after the rejection of an earlier offer. that is your bloomberg business flash, alix. alix: thank you so much. the u.s. and china talk to, putting out statements, feeling like we are moving in the right direction. negotiators from both the u.s. and china expect optimism at the mid-level talks ramping up in beijing. the u.s. said they were waiting for china to buy more u.s. soybeans. joining us now, sean darby, jefferies global head of equity strategy, he comes to new york just for us, apparently. great to see you. you work in asia, you live in asia.

tom: welcome to "bloomberg daybreak." news and evolving the white house. -- involving the white house. arrested,e has been indicted in fort lauderdale, florida. a big development, potentially. this could connect the campaign --the wikileaks league of leak of all these dnc emails. alix: when does it impact the white house? it is far from that, no? david: i have no idea. we don't know. there was a lot of speculation about roger stone. i have on tv and said some influence here. we glanced through the indictment. they seem to have him dead to rights, specific emails back and forth. alix: that's why we have a lawyer on set with us. we will discuss with that could mean for president trump and uncertainty in the white house. you have day 35 of the shutdown. it feels like we are paving the way for another rally here. semis getting hit pretty hard. euro-dollar up .4%. mario draghi sounds dovish. may be range bound is the name of the game. crude also flat. calm week.ke a david: a calm week for the markets at the moment, but not a c

this is daybreak europe and these are today's top stories. a flexible fed. top officials reiterate patients. is it data dependent or market dependent? chinese vice president premier will make the trip to washington. asian stocks head for their best week since november. xiaomi exclusive. the cofounder is brushing aside a selloff, $6 billion in market value. a smartphone revival is coming. ♪ nejra: good morning. 6:00 a.m. here in london. welcome to daybreak europe, a couple hours away from the start of cash equity trading in europe. we've got these numbers coming in. taking a look through some of the top lines. third-quarter sales coming in at 3.9 2 billion euros, a slight miss on the estimate 3.9 3 billion euros, pretty much in line on third-quarter sales. fx, includingnt the estimate 24.8%. a few lines coming through here into the bigger picture we are getting from some industries. what we've been seeing across the board, industries under pressure from global growth. we've seen that in tech space. in terms of equities, retailers coming under pressure in yest

this is bloomberg. ♪ viviana: this is bloomberg daybreak.bloomberg markets, an exclusive interview with the ford executive chairman. alix: wall street did not get a good read from citi this morning. fic down 21% year on year. drogen,me now, leigh estimize founder and ceo. financials were down a lot at the end of the year, pricing in volatility in the bond market. a lot of people were looking at it and wondering why it was down. we got the read on it with jeffries. i think across the board, it is going to be tough. caughtf these banks got holding some stuff, especially in the junk market. they may have had to liquidate some stuff. that vol, there was a lot. i think it is going to be tough across the board. you will see fic numbers continue to come down until we get another week out. over theking at sales last month, they have been hammered across the board. the first question, what sector revisions are not down enough? quarterhe consumer last , we talked about this a lot. we are coming over the crest of the best for consumer discretionary and

daybreak.""bloomberg welcome, lisa. there is so much we are going to learn this week. >> and at least it is not 400 degrees below zero like it is in the midwest. let's get you caught up with what is going on in markets to start this big week. lot -- a lot of bearishness this week. we know trade talks are going to be held in washington, d.c. stoxx breaking their two day gaining streak. crude falling as america's rig count rose for the first time this year. david: time now for the morning brief. tomorrow the u.k. parliament is set to vote on a series of amendments to prime minister may's brexit. wednesday, washington the negotiation's to try to avoid further trade sanctions. fed'sl also get the latest rate decision, with everyone waiting to see if it signals any change in the balance sheet. friday is jobs day for the united states coming off surprisingly strong numbers last month. .e are joined by marty schenker startassert off -- let's off with mick mulvaney in the white house. >> no one wants a government shutdown. it i

. > this is "daybreak asia." >> still staying on with us is rick, blackrock. of the things you talked about in your outlook or your sort of i guess strategic preparation for 2019 is this idea of risk-reward. where are you placing most of that risk? you're sort of prefering to look more at equities than fixed income this year. >> the difference between this year and the past is part of what i described before, is more balance. you have more balance in your portfolio. are you going to make more money in fixed income and interest rates? we don't think interest rates are going to rally significantly but they're going to hold in and carry well. equities still end up being attractive. you've seen a pretty good bounce from the bottom reentsly. in fixed income, we like some income-producing assets. we like securitied -- secured assets. things like commercial mortgages. nonagency mortgages. you talk abouted -- you talked about e.m. we like owning some of the income-producing parts of fixed income today. as sort of more of a balance in your portfolio than the last coupl