this is the second hour of "daybreak asia" coming to live from bloomberg's u.s. ers. we just got those disappointing retail sales numbers from japan, down 1.6%, much more than what economists had asked acted, although less the year on year figure, only 2%. economists had expected 2.6%. disappointing overall. reason to notves take accommodation away soon. governor kuroda did not chime in on this chorus from central , butgovernors and portugal the market is interpreting these moves from bank of canada and mark carney. we did see the ecb how to away from some of the comments yesterday after that mini taper tantrum. let's get the latest with shery ahn. draghi himself did not dispute that his comments were misinterpreted. that said a lot. yes, it is the central banks. the major banks have spoken about the global economy and that will set the tone for markets in asia. u.s. stocks gaining the most in thateeks, so we are saying come into the asian trading session. gaine seeing the kospi wound is even at an all-time high. gainingh korean won after losing ground in the last

we have world coverage here on "daybreak asia." we go to beijing for the latest on why a chairman is stepping down. stateside, we are focusing on washington in the reaction to the all-day testimony by the attorney general. this is "daybreak asia," live and asianberg's u.s. headquarters. i am betty liu in new york, it is after 7:00 p.m. yvonne: it is after 7:00 a.m. here in hong kong. i am yvonne man. south korea, the unemployment picture from a looking better than expected, 3.6%. the estimate was for 3.9%. labor market playing through than the previous month of 4% unemployment. we continue to see signs of healing and south korea. the government has proposed an jobs budget to help boost and income. hopefully that will help with the youth unemployment factor. economists have raised estimates for growth to 2.7%. we will see how korea reacts in an hours time. let's look at the state of play in asia. it looking better than 24 hours ago, after that tech share rebound overnight. nsx 50 up 0.4%. the kiwi heading lower after we saw that the

this is bloomberg. ♪ betty: this is "daybreak: asia." i'm betty liu in new york. nne man in hong kong. joanna, head of asia-pacific and market analysis at citigroup. we're getting insight from lanhee chen. let's kick off with china, johanna, because we are expecting trade data the comment and our. we have seen -- the common in an hour. we have seen a slowing of growth. do you think the global demand story, doesn't continue? >> i think it continues, but the cycle matures. we had a strong base effect uplift in the first quarter, the tech cycle particularly powerful in asia. tech exports almost 40% of total exports for east asia. now you are seeing the pmi manufacturing index, pretty much rolling over for a lot of asian countries. positive stories in terms of the euro area pmi manufacturing, still holding up, japan still holding up. we should expect a slowdown given the strength in the recovery. yvonne: to show what johanna was talking about, we have seen the peak with pmi going into contractionary territory and the china ppi prices also heading lower. take a look at

stay with us on daybreak asia.is is bloomberg. ♪ anchor: a quick check of the latest business flash headlines. the final announcement of the sale of toshiba's chip unit may be delayed. toshiba had hoped to finalize the deal by wednesday, but sources say the buyers are conducting due diligence and are in no hurry to close. the arrangement could yet change depending on western digital, which is contesting the sale. the rally enjoyed by this company is underlying the disconnect. shares jumped by a 10% daily limit at the close, bringing the rally to 26%. developers shares of have risen by 5% and are now at a tony yvonne: taking a live look out of victoria harbour this morning. it pretty clear day out there. fingers crossed we don't get any rain. no doubt we could see distance over the next couple of days or so. betty. betty: indeed. no rain here. it is 7:30 p.m. monday evening in new york. onkets are closing, flattish the s&p. further declines in the nasdaq shares. i am betty liu in new york. yvonne: i am yvonne man in

this is bloomberg. ♪ betty: this is "daybreak asia." ci will announce early on wednesday whether china's letter asia shares will be included in the emerging market index. our next guest says the roadmap for inclusion should be acceptable to global investors. this is the chief economist for asia x japan. we have heard from china, whether it is regulations or access, they have been addressed on margin. msci is showing signals they are ready to say yes on this. how do you feel this will play out for china? >> this time it might be they are because trying to solve the problem of inflow and outflow. before it was foragers 48 stocks. now they narrowed it to 159 stocks. also the waiting has been done. msci chinaas on the index, and the rating is 1.7%. that is why it is much more predictable and more transparent. that is why i thought maybe this time it will be different. betty: you and several other houses as well think there is more than a 50% chance this will happen. richard, i want to show up a chart that shows this mindset. it shows letter

we have got plenty more to come on daybreak asia. this is bloomberg. ♪ ♪ this is daybreak asia. stors --y of on investors' plates. we will have it all on daybreak ina, a big week in toshiba particular as we see the race entering the black lab bid. a winner could be announced as early as this wednesday. we are told a group led by baincapital and aj have offered $15 billion, slightly less than the billion -- then the u.s. chipmaker broadcom. so the big sticking point remains whether this company or the chip unit can stay in japanese hands. what's like with incj and baincapital, that will get the green light from the government. we see about the swings in toshiba, very volatile. with the news out of whether it the be on sale, obviously news could be broken dn as we. one of the most extreme movers really so far outweighs the rest of the nikkei market. i guess as we alluded to the development and who is with the connector business, the pride tool of toshiba for the week as well. you stayed with this company, you will be rewarded when the volatility -- it seems to be the. -- this chine

we have the world covered on "daybreak asia." go to san francisco and the followed from the cyber -- fallout from the cyber attack. >> we go to shanghai on the growth of the internet of things. asia.s daybreak: i'm in new york, where it is just after 7:00 p.m. >> we are in for some central bank speak. what an eventful tuesday, right? first it was mario draghi a bit more hawkish when it came to inflation. then the selloff fueled by janet yellen talking about rich valuations in the market. betty: you used to not be able to get anything out of these central bank chiefs, but now they won't shut up. particularly janet yellen and her talk about valuations getting more rich. that also sent some of these tech stocks tumbling, dragging down the nasdaq. we will talk about that in a few moments. yvonne: that is right. a lot of jitters when it came to tech. alphabet slapped with a record fine from the eu. we will look at the cybersecurity attack we have seen that has embroiled in much of europe and the u.s. let's check out the state of play

kroll, we will be back with much more on daybreak asia including the u.s. retary rick perry says qatar is an ally, but delhomme must be strong on terrorism. this is bloomberg. ♪ ♪ betty: we are counting down to asia's first major market open. japanese futures looking just a bit softer, down 0.25% below that 20,000 level on the nikkei. yvonne: this is daybreak asia. i am yvonne man. betty: i am betty liu. thene: germany is warning saudi-led isolation of qatar could lead to war. they say doha is ready to expand concerns. rick perry told bloomberg that while qatar has been an ally, all countries must take a strong stand against terrorism. : yes, sir. i think it is important for all of our allies and our friends to really take a strong stand against militant islamic terrorism. the idea being any country, and i don't know the details. qatar has historically been a friend. my home state has an engineering school at the education city as a friend. emir andr mer -- current emir are people we have a personal relationship with. i don't want to delve into and area i do

you're watching "daybreak asia."ingapore numbers out on exports, nonoil , 8.1% for thets month of may. electronic imports, more than double the expectation of a 4.2% rise. looking at year on year, you can see it fell by 1.2%. a smaller fall than what economists estimated at 5.6%. this was helped by electronic exports, rising 23.3%, a substantial gain from the prior month and also for exceeding the economists'expectations of an 11.9% rise. certainly good news for the city there on the export and trade front. let's get to first word news. paul? putin used his annual tv show to poke fun of washington over alleged meddling in the presidential election. he said james comey's leaking of discussions with president trump was strange, but he was prepared to offer the former fbi director the same as highland deal he gave whistleblower edward snowden. putin addressed the new sanctions approved by congress. >> there is nothing surprising. now we know that in the senate of the united states, law has been proposed for the strength

that is it for us on "daybreak: asia."what is coming up on bloomberg. -- bloomberg's george clooney, right? again.r do that oil prices, of course. that is what we are seeing right now, a cantankerous situation, which essentially means we have got -- we are going to discuss all this with a wells fargo global economist. it seems like the path of least resistance right now for oil is essentially to the downside. we have breached 45 for brent as well. yvonne: they are saying 30 for wti. geopolitical tensions changing the house of saud as well, not really impacting. what else have we got coming on? haslinda amin is in bangkok. yvonne: she just did a great interview with the president of the stock exchange. rishaad: we have got the thai industry minister, talking to him about their infrastructure push. they have airports equipped to take 35 million visitors per year. they want to get that up to 90 million, so that will cost a lot of money. we will ask how they do it. we do have haslinda doing that. we will be taking a closer loo

you are watching "daybreak asia ."et first word news. >> msci has approved chinese domestic shares for inclusion in its benchmark indices, a landmark step in china's integration with the global financial system. it would give the almost $7 trillion a bigger market and everything etf to 401(k) retirement plans. shares of the included comprising .7% of their market gauge. >> when you do other computations on the number of shares and market cap and all what couldou look at investors put into the market, through the shanghai and shenzhen program with hong kong, the ceiling was restricted. therefore, we can spend time with the regulators and see if we can get it done in one step. part of the announcement is on to steps, to make sure we leave no flexibility. nina: msci had held off on reclassifying saudi arabia, argentina, and nigeria. it has been added to a potential watchlist of emerging market status. they call it an immense achievement. argentina will remain a frontier market for leased another year, while nigeria and wi

we have world coverage here on "daybreak asia."e will be live in tokyo later in the program to talk with japan airline accepting bitcoin as a payment method. >> of course, we are watching the fed decision. the other story out of the capital was the shooting of a congressman during baseball practice. we will have a live report a little later in this program. this is "daybreak asia," live and asiamberg's u.s. headquarters. i am betty liu, in new york where it is after 7:00 p.m. >> it is after 7:00 a.m. here in hong kong, i am shery ahn. we have seen the fourth rate hike after the financial crisis. expected.h not surprisingly did not get a huge reaction from the market. betty: not a huge reaction at all. we made up some of those losses right after that said decision. of course now there will be lots leaf reading on when the next set hike will be and when it will unwind their balance sheet. that will be the topic that dominates the conversation around the fed. i want to mention that about 45 minutes ago we had news from the washington

this is bloomberg. >> this is daybreak asia. hong kong. >> and i'm betty liu here in new york. prurp's actions -- president trump's actions on china and trade are pushing china and the closer together. that was made apparent at a joint press conference. here's more. >> chinese prime minister chung says his country will stick to its pledges on combating climate stressing the importance of trade allied to low carbon sustainable economic growth. >> china has a saying. promises must be kept. and actions must be resolute. is a worldwide call to deal with climate change. invented bymething china. chinese scientists are moving forward, based on international results in this regard. however, we realize that since consensus, as a large developing country, we should bear our due responsibility. >> lee held a news conference with angela merkel in berlin on thursday, ahead of a two-day summit in brussels at which china and the european union commit to free trade in a sweeping rejection of president protectionist policies. the e.u. and china

you're watching "daybreak asia." betty: breaking news out of japan.f economic numbers we are waiting for. pricesp is cpi, consumer yet again missing economist guesses. this is year on year, economists estimated a rise of 0.5%. when you look at core cpi, excluding food and energy prices, not much better. also missing estimates, no gains at all. where is the inflation for the bank of japan? that is for the month of may. if you look at the jobless rate, up 3.1%, that is exceeding what economists estimate of its 2.8% jobs rate. the jobs to applicant ratio at 1.49. it shows pretty much no move on inflation. that continued frustration for japanese officials and for the bank of japan which says, where is that inflation that allows the boj to start stepping back on that stimulus? inflationtheir target, still. let's get more from adam haigh. pylon that the retail sales numbers we got yesterday, the stimulus is still not working there in japan. adam: absolutely. it is hurdle after hurdle, isn't it, the bank of japan keeps jumping over. we have immediate reactio

you are watching daybreak asia. white house says president trump will not use executive privilege to prevent former fbi director james comey from testifying to congress this week. comey is likely to face questions about conversations they had on investigations into in the russian meddling election did many experts say it is not clear if the president have grounds to evoke executive privilege in this case. >> the president's power to evoke executive privilege is well-established, but in order to facilitate a swift and thorough examination of the facts sought by the senate intelligence committee, he will not exert executive privilege regarding the testimony. the top u.s. a gig -- nina: the top u.s. representative in china was the most -- we are told he quit this past weekend, telling colleagues he disagrees with the president's decision. the state department confirmed has gone, but we do not why. the bank of thailand says it is easing some foreign-exchange walls to reduce private sector compliance costs. the bank laid

is "daybreak asia" coming to you live from bloomberg's u.s. and asia headquarters.he week and asia was too short, missing you already. bit of a jolt to wake up asia, but also central-bank decisions, heads speaking this week. let's take a look at asia, slow going on this monday morning. x 50.on the nz austria, counting down to the open in sydney, seoul, korea, and tokyo. $43, so couldve be a boost for equities. slightly higher when it comes tospi 500 futures. spi 500 futures. we could be seeing equities , a 40 point loss at the open in tokyo, so still looking pretty quiet. today. markets closed singapore,in malaysia, indonesia, philippines, and india. >> that's right. looks in thesia early going. we continue to watch headlines ,oming out about takata deciding to file for bankruptcy today in a tokyo district court. far, no comments from the company, but we will be watching more detailsy and on this bankruptcy. let's get to first word news. haslinda: south korea has joined nations buying american shale gas. year deal will see cheniere lng sold to south korea. has commi

that is all for us here on "daybreak asia" and now i look at what's coming up on "bloomberg markets: hartered, looking into sterling, and the general election on thursday as well. >> do you think what has happened in the last 24 hours will impact the town? rishaad: we will seek your the pound has been beholden to where the conservative party's fortunes are. , robertat content simons will be a long. we won't have him interviewed by stephen engle's in beijing. irrepressible andy harris will be of the wrong -- will be a long. fed allall things things hong kong economy as well. >> thank you so much. that is it for "daybreak asia." this is bloomberg. ♪ haidi: i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. ♪ haidi: market are subdued at the beginning of the trading week, down because of u.s. job numbers in the terror attack in london. theresa may will seek new powers if she wins the election. she says extremism has been tolerated for too long. haidi:

we have got the world covered here on daybreak asia. we will go to san francisco shortly for the latest on changes in uber's leadership. on thewe have our eye middle east with the crisis in vauxhall, later in the program. this is daybreak asia, coming to you from -- 7:00e: it is just after a.m. in hong kong. i am yvonne man. we escaped the typhoon in hong kong. a whirlwind of a storm. the selloff going global. it is hard to tell if this is a pause or meaningful rotation out of some of these growth stocks. betty: it seems to make perfect sense, right? yvonne, these big tech shares are the ones that have led the rally, so you can see at some point, investors would say "let us take some profit on these gains." the question is, what is the timing? what gives here? that is what investors are tied to parse through in the next few hours. -heavy: some of the tech investors. that looks set to continue. let us look at how the state of play is into new zealand. plenty flat. the kiwi at 72.02. australia returning back from its holiday, could play c

we have the world covered on daybreak asia. we go to watch the developments out of beijing as chinese mostators watch the prolific overseas dealmakers. and we are watching the e.u. summit in brussels throughout the morning through this is daybreak asia, coming to you sive from bloomberg' asian headquarters. i am yvonne man. betty is that the wharton global conference. a very busy friday and a happy one as well. yvonne: we are marking the one-year anniversary of brexit. we have the stress test, keeping an eye out on china as well. first it was anbang, but regulators could be targeting other companies. a lot of big guests on our show with betty. starting this hour, geoffrey garrett in 40 minutes time. on bloomberg markets, betty will be speaking to the incoming chief executive of hong kong. her as have to talk to we start next week, marking the anniversary of the handover. you do not want to miss betty's chat with tom friedman at 10:40 a.m. hongyou do not want to konn sydney. look at markets trading in the asia-pacific. it could

i'm betty liu in new york. >> you're watching daybreak, asia.st word news. >> goldman sachs lloyd blankfein and is killing -- echoing calls for the u.s. to spend more on infrastructure. he tweeted always impressed by the condition of the roads, cell phone service. to keep up.eds apple ceo 10 cook says any tax on u.s. companies overseas earnings should be mandatory with the proceeds spent upgrading infrastructure. apple has two other $57 billion in cash returns parked outside of the u.s.. he supports the campaign proposal for a one-time 10% levy on offshore income which is less than a third of the u.s. corporate tax rate. >> in our view it should be a danger -- a repatriation. it should be a required tax. you're not asking people that have had earnings from the international subsidiaries if they would like to bring back money. -- saying you must pay the government now or over some time. >> the u.k. prime minister theresa may said she would tear up human rights legislation to hike best help the fight against terrorism. may said she wants the power

it means for the economy and fx markets with daybreak asia. we will ask that question of nomura. we are looking at the asia-pacific region. ushave an analyst at joining past 10:00 a.m. in sydney. stay tuned or that conversation. a quieter start to the trading week when it comes to australia of course, but looking at the rest of the region, -- happy birthday to the queen. that is why markets are off. that brings up one of our favorite data points. we are expecting that to hold steady at 5.7%, but we were expecting that last month and it came off two points. the other thing we saw last month was a big bump in the number of jobs created. mostly the full-time jobs declined. that is one to watch very closely. tied into that is the consumer confidence survey out on tuesday. that is what we are watching with the casualization of the workforce. we will have business confidence tomorrow. betty: and also on tuesday we will then more about the fate of the struggling broadcasters pen network. what are we going to learn? paul: in april, announcing it could not go forward. there is growing con

you can get around it of the stories you need to know to get your day going in daybreak asia.scribers can go to day be go. this is also on mobile in the anywhere. you can get news on industries you care about. this is bloomberg. ♪ ♪ paul: that is almost it for daybreak australia. we have more with daybreak asia. let's take a look at what is coming up over the next two hours. yvonne, we have been waiting for a long time. looks like we have confirmation to, has filed for bankruptcy. -- terra-cotta has filed for bankruptcy. yvonne: we will hear from the company i takeover offer as well coming from key safety people. this could pave the way for the sale. a big wild card remains, who will take the brunt of responsibility when it comes to global recalls? one of the most complicated in the automotive history? takata not off the hook after this sale. we have a lot of debate covering the cost of this $5 billion, some of the automotive experts. $1.6 billion,e in so who will cover the shortfall? betty: we will be following that story is on. -- that story, yvonne. and we have someone join

might be part of the reason why our guest leader in daybreak asia saying i -- property are going to soar has already been a huge run-up. people are saying, either direction -- yvonne: maybe the money goes to china. curves might be relaxed by the government. a lot of questions in the next hour at 8:00 a.m.. plenty to come. this is bloomberg. ♪ ♪ >> asian stocks is a unique start to the week. present a macron a healthy majority in france. a year after the brexit vote, negotiations are finally set to begin. the opening skirmishes will be played out in brussels. to stepnt bank pledges up in gains, posting memberships and funds. plus, confusion and contradiction, president trump says he is under investigation. his lawyer says that is not true.

here is the ceo speaking to bloomberg daybreak asia about saudi arabia. >> what we are doing is tryinge then reaction by investors. yet invested in the country and they need to set up a pound or a process and get a sense of experience doing it. aat process is likely to take year or so before the decision can be made. >> also making a landmark decision to include chinese shares in its index for the first time. joining us to talk about it all is the bloomberg news stocks reporter back from hong kong. great to have you back. shanghai composite did eventually close up .5%. a lot of people making quite a bit out of a muted reaction to the decision to what about thision tells us about decision? we have to bear in mind it is the second biggest equity market in the world. this decision really only includes, it will only really make 0.7% of the emerging market index, it would only put a shares as part of that. that is a very small part of the index. to put that in perspective, it bank,s than one brazilian which is why not only was this kind of more expected than last year, it is the fourth time

later catch an interview with chairman henry fernandez on bloomberg daybreak: asia.rk, this is bloomberg. ♪ julia: it is time for the bloomberg business flash, a look at the biggest business stories in the news right now. -- toillion in upgrading build new expeditions. the move secures 1000 jobs at the louisville plant. that switch starts the second half of the -- brazil's plans on selling $1.8 billion worth of assets to reduce debt. stake in -- 19% it's interest in the supplier and assets the unit in the united states. by parent company -- that is your business flash update. scrubbing our options guest is talking about how to -- the stock has gained 37% so far this year. this is bloomberg. julia: this is bloomberg markets. scarlet: it's time now for options with julie hyman. julie: thank you, joining me for today's options inside is scott bauer, senior market strategist, joining me from the cboe in chicago. is there anything options lies you are noticing in particular, activity surrounding oil? scott: a lot of downplays which may be after-the-fact here. chevron exxo

chairman spoke to bloomberg on daybreak asia. there was strong support with the proposal we put in place. we were able to get even to revise it to a larger number of large caps. that is one thing that was important. the second, a lot of the investors are concerned and sensitized about the data issues to create all sorts of investment vehicles. that is what happened. working together with the shanghai exchange, were able to solve a lot of the issues. yvonne: i remember a month ago, you said those were some of the issues. this two step process, next year, they are going to be included that in two separate parts. why is that mark -- why is that? >> that has to do with the that can flow through. when you do all the computations on the number of shares in the market cap, all of that, and then you look at what could investors put into the market, program,he shanghai the ceiling was restricted. what we are able to do is spend time with regulators as well. they will work together with us to see if we can get it done in one step. in twoou

bloomberg daybreak: asia's nothing without alix steel. here she is.ighlighted yesterday saying, there's a 70% chance of a recession. one of the risks is a slowing china. we will be speaking to andrew balls. he is pimco's cio of global fixed income. you will be talking to him on radio as well. a really interesting breakdown. worried about china. i found that really interesting. tom: thank you for the conversation. this is the optimism chart. you remember the gloom. 10% unemployment. the world coming to an end as we know it. a lot of people got this call right. what they didn't get right was the stunning persistency of improvement under 5% down to the unbelievable level of 4%. brian levitt, the help wanted sign is out in america. >> it has been a stunning decline. it's what we should expect now some eight years into an environment where the u.s. has grown 2%. been enough to please most everyone and wages have been generally modest. a lot of it has accrued to profits and shareholders. given where we were in december 2008 this is a sustained improvement a

british airways let them back into the country with bloomberg daybreak: asia after -- with bloomberg onservative votes wanted to vote for a different party. the big focus today, if i had picked the country six months ago that this administration would have friction with, i might have picked mexico and perhaps china. probably not germany. the politics of the german-u.s. trade surplus. coming up with the german finance minister, we will bring that for bloomberg daybreak 11 later. -- a little bit later. tom: here is more of an important conversation with tim cook. executiveapple chief officer. this is an important point in the lengthy interview with emily chang. here is tim cook on the leadership distinction of the apple eras. tim: i would point out that steve's dna will always be the certainly asor long as i am ceo and i think as long as anyone is, honestly. inhink it is deeply embedded the company. things are all over time as they would if you were here interviewing with you today. that's probably a better question to ask somebody that works for both of us in some form. tim cook, fabul

asia after u.s. stocks close at a record high. a very warm welcome to "bloomberg daybreak: europe." i'm anna edwards. matt: i'm matt miller, in for manus cranny. i'm really excited to see about this china decision, but we have comments from the fed that are moving markets and there is so much turmoil here in europe because of the brexit negotiations in the middle east with qatar. anna: we will get that decision later from the msci as to whether the chinese domestic concluded to the benchmark. could it be fourth unlucky for china? this is the fourth time asking to be included within the benchmark. we have this chart here, showing the china rush. this is one example of the appetite for chinese assets. it shows appetite for a particular asia etf, listed in the united states. investors anticipating perhaps, approval, but how much does this matter? we have seen real divergent performance between the shanghai market and the offshore market, which is trading near two year highs. the domestic market, really dwarfed by some of the new technology names that trade overseas, outside of the chin

. ♪ anna: a very good morning, welcome to "bloomberg daybreak: europe," our flagship morning show from london. plenty to talk about. stocks in asiaoing higher, keeping an eye on what has been called a u.k. terrorist attack in london, another key test for the may government. agenda, theeconomic eurozone seems to be impressing even those with leveraged money to spend. , this ispositioning leverage money going long on the euro for the first time in three years. taking a long time to believe in the eurozone recovery story, and the euro surges back around 1.12 today, not making great moves, but the storied performer among major markets. matt: you can almost barely make blip at the end of the chart. another trend that was visible overnight was the chinese gain in equity. if you take a look on hong kong or the mainland, you see big gains for equities in the risk radar. i will show you the hang seng and the csi 300, goes a gainers overnight. it's also interesting to look at the currency trade, the jgb, the jp why, sorry -- it is weakening again into this morning's trade. take a look at the pound, as we get started on the brexit negotiati

asia. that is your business flash. tom: coming up shortly, bloomberg daybreak with jon ferro, riveted by the deutsche bank call.hat same he is just how bad everybody got the dollar call this year? that call from deutsche bank is the revision against my attention, not the absolute course. the revision is from one spot 03. how people captures called the dollar strength core in 2017. the price action of the back of the words from ecb, president mario draghi calling the key to global rates and maybe a new point to a steeper treasury curve as well. in the market, is one thing but what we hear from the central bank will be the real story. we will catch up and hear from the likes of president draghi, the likes of mr. corona -- mr. kuroda on one panel. we will bring you that on bloomberg daybreak. tom: thank you so much. she is usually at the cinnamon club after parliament, taking a lunch with various mps. ,nna edwards slides in wonderful to see you. your work at parliament has absolutely been astounding to me. we have the questions today where they go back and forth, we have the voting on the queen's speech and the go

daybreak: europe." picking up the concern that we have in late in the u.s., going into asia, technology came under pressureeakers warned about valuations. they did not call it an irrational exuberance moment from janet yellen, that is what michael metcalf had to say a short time ago but this is the year of equity markets down .2 of 1%, day one of macrononomics in parliament. and the dax down .6 of percent. european equity fund it's are lower. let's check in on the u.s. equity futures. there was a trifecta of rhetoric coming through from the united states in terms of janet yellen along with ym stan fischer. all making the point about valuations. it was not an irrational exuberance moment. that was the line that came through from michael metcalf as a valuations, janet yellen. the nasdaq down nearly 2%. and the health care bill not making it to the floor, did not do the sentiment any good. let's look at the risk radar. the dollar dropping and the aussie dollar bid and the dollar index is down. the imf removing its assumption stimulus from the u.s. growth trajectory. the aussie dollar isn't .3 of 1%. when a fo

daybreak: europe." the hang seng is up by .5 percent this afternoon. 1:18 over in hong kong. 6:19 here in london. the equity markets over in asia little bit risk on even if that's not what were seeing in the currency markets with the yen and with gold. let's get bloomberg business flash with juliette saly. juliette: the foxconn chairman has bow to press on with the semiconductor business. it could cost $27 billion and usher them into the image of business. he will decide by next month which your estate will be the location for the display making plant. kata has plummeted this week. amid a glut of sale orders, planning to file for bankruptcy protection as soon as this week. it would take the way for the sale of the airbag maker. takata said no decision has been made on the bankruptcy filing. boeing has secured twice as much in order value at -- as rival airbus. following expression of interest for about 420 planes. 229us posted tally of airliners valued at about $25 billion. it marks the first victory in at the aviation industry's annual showcase. nomura has picked frankfurt is the headquarters for its operation after the u.k. l

asia. manus: we have a lovely chart in you, but anna is rooted westminster. our election coverage goes through the day. will catch up with the managing mori.or at ipsos that's right here on daybreakit's go to china, this moment of reprieve in the market. we'll talk about that and the risk radar. china had cut their holdings of bonds by the most since the year 2000. this was a drop in their terms of holdings of bonds at the big boys are back. stability in the yuan, that's one of the critical issues in the market. it's up by 2% in 2017. the chinese are prepared, if the situation is right, to consider buying more u.s. treasury's. increase at the start of the year since 2013. were trying to understand just exactly what this means. this is china holdings in u.s. treasuries and this is the yuan. it's a triple whammy at risk for the markets. temporarilyve just step back from being slowed by the ecb, the election, and james comey's testimony. the topics turning green again. we had drops for three straight days but we've turned it around. , just anhtly better indication of the term in the market. by aussie economy expanded .3%. the shorts are quite wrongfooted. essentially what you've got

asia after hitting businesses and government systems in europe, the u.s. and south america. that morning, good morning, you are watching bloomberg daybreak. i am jonathan ferro alongside david westin and alix steel. to get you set up, it is the shakeup. a new 2017 hi, 1.1358. by four basis points, 2.25 on the usn year. alix: in other areas you are seeing that draghi excitement a little bit. you have the euro-yen slack. yesterday we hit the highest level in over a year. euro stocks down 3/10 of 1% and look at the bond yields, up by one basis point. we were up even more. selling has and somewhat best-selling has e -- selling has ebbed somewhat. david: we get the advanced goods trade balance for the month of may. at nine: 30, ecb president mario draghi, bank of england governor mark carney and bank of japan and the bank of canada governor will speak at the ecb's forum over in portugal. at 10:00, it is u.s. pending home sale numbers for the last weeklynd we will get crude inventories data after oil has come off with its most consistent gains in almost a month. jonathan: that is the lineup for the rest of the day. the lineup for the next 10 mi

through asia and across europe, emmanuel macron tightens his grip, theresa may loses hers, and changes at general electric. york, good morning. good morning. a warm welcome to "bloomberg daybreak5-6 points. markets weaker. sterling takes another leg lower. treasury yields higher for a fourth straight session. david: let's get back to that big company story. hasral electric

through asia and across europe, emmanuel macron tightens his grip, theresa may loses hers, and changes at general electric. york, good morning. good morning. a warm welcome to "bloomberg daybreak." up tobegin by getting you action. futures softer, down 5-6 points. markets weaker. sterling takes another leg lower. treasury yields higher for a fourth straight session. david: let's get back to that big company story. has named jeffc flanneryw ceo -- jeff as the new ceo. i love the job, the company. andink today is confusing, on the other hand so interesting. iran gen 2008. i ran ge in 2008. it was bad every day. david: joining us now is a bloomberg as dus analyst for intelligence. why now? >> jeff immelt had been getting pressure from all sides. theystepped it up when initially bought into the stock. would be passive investors, and when the numbers did not come through, they stepped up the heat. that was part of it, but it had been coming from a lot of different directions. david: why hasn't jeff immelt been able to get the stock up? 2009, he did get a nice bounce as he started to redirect the company. is a questionat among a lot of people. shrunk ge capital, went back to the ind

daybreak. let's get you a day to check right now as futures are lower, part of a global pullback. this is read all around, and the ftse is down by .6% by a similar margin. asiaks pull back by .5%, even as chinese shared gain -- shares gained. and oil prices -- right now it does not look like oil is moving enteredut yesterday wti a bear market. if you look at the trend overall, oil has been down five times in the past six days. this is exacerbated by pumping from a and u.s. drilling. and the pound rallying, a racing the loss after the -- the racing erasing the loss. boe a split on what to do when it comes to interest rates. the dollar slightly weaker yen, so i end, -- think even there. and what is making had one that headlines outside the business world. emma? emma: democrats had hoped to trump'sze on president low approval rating, but karen handel captured 53% of the vote for the republicans. she raised less money than her opponent in what was the most extensive house race in u.s. history. president trump's son-in-law is returning to israel for peace talks. jared kushner will speak with benjamin netanyahu and palestinian authorities as well. then yahoos gove