you are watching "daybreak asia ." reports russia remains yet to be convinced about extending output curbs next year. two people close to moscow say they think it is too early to make a decision. the duration of any extension is also up for debate, with 3, 6 and nine months being discussed. saudi arabia said to be the only viable option. yelleng fed chair janet has revealed frustration with her central bank colleagues, chiding them from staking out policy decision -- decisions before hearing other views. speaking in frankfurt, she said they are avoiding forecasting decisions and not making commitments. yellen said doing that is bad. treasury secretary stephen mnuchin says president trump is not necessarily seeking a phd economist for fed vice chairman. the president's k, jay powell, will be the first not to hold an economics doctorate. a couple,onsidering one who holds an economics phd from cambridge. bloomberg has been told airbus has a deal with indigo partners, jet liners.owbody one of the biggest aircraft sale deal

plenty more to come here on daybreak asia. this is bloomberg ♪ yvonne: this is daybreak asia.ration is asking the supreme court to reinstate fully the travel ban. earlier this month, a court in california ruled part of the ban can be reinstated. this is the third time the ban has been put in effect which includes restricting people from 6 countries. interesting the trump administration is making the statement shortly after president trump declared north korea will be designated a state sponsor of terrorism. you have to wonder why he's bring this about once again. this is the third attempt he has tried to get this through and it has failed. perhaps he's looking for more of a success on that front. there are other things hanging on. not during the thanksgiving tax reformecess but is going to be front and center after lawmakers come back. betty: first time we have not talked tax reform during the last few hours. i expect we're going to do so again tomorrow. benefit from daybreak asia. our markets coverage continues next. standby for bloomberg markets. this is bloomberg. ♪ rishaad

this is "daybreak asia."tocks fell, the dollars saw its biggest decline in eight months as the fed indicates reduced dovish in us. miness.ovish >> it is just after 6:00 p.m. in new york. jamie dimon can't wait to return to china and will pay more taxes if necessary. ♪ >> even though we saw stocks lower today, it seems like this run is still intact, particularly if tax reform moves forward by the end of this year. not so great for one particular asset, 8240, this chart i want to show you, gold. week,rd this earlier this if we get tax reform through and interest rates rise, which they look set to do, that was also pointing to the fed minutes, gold will suffer. we have seen gold slip from a one-year high in september. , it though it is choppy looks like that down trend is in place. don't buy gold. >> some people would beg to differ thing gold has reached a bottom and you still have to find a decent return in this situation. given fed minutes and inflation coming you have to wonder how much higher these rates can

to daybreak asia. top stories this friday. from a day's break with equities set to decline in tokyo. most attention will be on china after thursday's sharp sell-off. >> beijing may turn up the heat on digital microlenders as well reduce risk in the financial services sector. for asumers gearing up black friday sales explosion. answer tona's congestion is take it to the skies! onhave a special report drone taxis. >> and happy friday. happy sthafg a thanksgiving as r our u.s. viewers. europe was pretty muted as well, given the sell-off that we did csi 300, the worst we've seen in 17 months. kind of leads you to wonder happen next and is this really going to spread to the rest of asia in morning.r this >> i was actually on europe t.v. yesterday, so about an hour into close, things were normal. then things suddenly kicked off. >> probably throwback thursday. things started to kick off in the afternoon session. similar to come of the breadth of the decline was more serious than any day during the 2015 dark days. we are looking at d

you're watching "daybreak asia." have reached an outline agreement on the brexit divorce process. sterling strengthened after the news reported the agreement. between 45will be billion and 55 billion euros. sources in brussels say the agreement has not been reached, but talks are progressing. the bank of england has repeated its warning about brexit, saying a smooth transition could mean financial disruption. mark carney spoke after releasing the stress test to the u.k.'s top seven lenders. to deal well-placed with exchange rate slumps. informed by the stress tests, we judge the banking system can continue to support the real economy. even in the unlikely event of a disorderly brexit. >> new zealand's central bank will ease mortgage lending restrictions next year because it expects government policies to dampen the housing market. their report says banks will loansore low profit home january 1, while down payments to investors will decline. they said it is unlikely to repeat the market. reaching a settlement said the

this is bloomberg. >> this is daybreak asia. betty: i'm betty liu here in new york. s in the spotlight this weekend. our chief international correspondent for southeast asia is there. among the 21 trading partners will be key in the discussions, right? >> that's right. .lso, key to discussion is tpp they are trying to push through. now that the u.s. has with her drawn. some provisions will be suspended. hours we still 24 still have to wait and see what happens. perspectivet some from david cunningham. he joins me this morning. david, all eyes on trump. asia each.be his key what are you anticipating? >> i'm not sure exactly what to anticipate. watching him so far, many messages seem to be moderated a bit. no fire and fury. hopefully the administration and president trump are getting an appreciation for the complexity, the size, and the scope to the u.s. and trade. >> are you more encourage now compared to a year ago? >> i am encouraged in many different respects. when he was elected, when the administration came in and said we will do this, with nafta, with trade, with

you are watching "daybreak asia ."mbling to salvage their tax proposal after a key compromise collapsed. rule makers rejected a so-called trigger proposal, designed to win support. at least three holdouts had tied their votes to the mechanism which would have raised taxes automatically, if revenues were not met. john mccain indicated his support. he helped scuttle the appeal this year. the trump administration is asking for other economies to offer a response to china's slow embrace of market principles. washington seeks beijing's help and corralling north korea and follows the period where the president scales back his public criticism of china. the treasury said it is concerned recent economic liberalization has slowed or even reversed. >> they are putting too many of their marbles in state-owned enterprises, in the party structure. we know what they are doing is not working for u.s. workers. that is the impetus for the change. >> chancellor merkel held her first meeting with the social democrats, in an attempt to fo

welcome to "daybreak asia."he fred admitted policymakers remain concern about stubbornly low inflation. fomc is divided on strategy for the coming years. welcome to bloomberg's global headquarters. just after 7:00 p.m. on wednesday. jamie dimon cannot wait to return to china and said they will take more taxes in the u.s. if necessary. is the pboc a poison challenge? they face a string of headaches, not least of which china's ballooning pile of debt. >> go straight in a breaking news and data out of singapore releasing their gdp numbers. let's go to haslinda allman. numbers. sean the strongest quarter in about three years. gdp coming in a 5.2%. at a 5% estimate. 2.9% the quarter before. quarter and quarter we have 8.8% before manufacturing going game busters up 18%. the government has revised gdp andthe year between three three point 5% between one to 1.5 to three and a half percent. this is like the optimism express. remember, he said gross for the year may exceed 3%. that is coming through. some economists have

much more ahead on "bloomberg: daybreak asia" this is bloomberg. ♪ ♪ this is daybreak asia.re in new york. a hours ago we were reporting jaw-dropping are record. monday-year-old salvador $450 million. some of those asian billionaires afford this, right? the record stands for a masterpiece, or even for a piece of junk. yvonne: i don't know. they're saying this was the last leonardo, so that's why it could be worth that much. this is another level when it comes to what the bidding is concerned. this is just something else. no, i wish. this is one to watch here. we'll see if it's any kind of chinese billionaire that can come through here. banking, not talking about all these ipos we had right now. amazing. what a fly they have been on. all right, looking forward to it. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate o

you're watching daybreak asia.llen says while inflation should move back up in the next year or two, it is not certain that the current low-inflation environment is transitory. she said that while the fed is close to its goals, tightening too fast can strain below 2%. she will have some advice for her successor. >> one of the most important things i learned as chair that is important to making a policy noto keep an open mind and to simply assume that history was repeating itself. >> the u.k. has told europe that generally impasse pacifist discuss a new trader. between northern island and the public, or the divorce bill until the terms of future tribulations are clear. davis said it is possible that brexit will happen without a deal. comfortableid i am with a deal for the european union, it is possible, not probable but possible. the trump administration has sanctioned three chinese trading companies in north korea shippers which disrupt the funding as kim jong-un's nuclear program. treasury secretary steven mnuchin

yvonne: i am yvonne man, welcome to "daybreak asia." japan's return, but most attention on china after the sharp slump to read david: beijing may turn on digital. a $40 trillion financial services sector. yvonne: the shakeup at the world central banks. how many in asia will stick or twist. david: hitting the street, china's answer to road congestion is to take to the skies. a special report on drone taxis, next. ♪ david: we are getting the tokyo session up and running. we have been out for 24 hours, no u.s. trading overnight. let's take a step back, it is friday. goldman sachs came out with a note, 620 by 2018. we are currently at 567. the record high won was in 2007 at 588. hopefully we get there. yvonne: hopefully, but the selloffs in china are the big picture. given the steepness we saw in the late part of the session, you have to wonder if it is the start of a market meltdown. most traders say, we are not quite there yet. there is a big rally we saw throughout the year, we are just taking money off the table at the moment. that is w

haidi: this is "daybreak asia."'s get you caught up with first word news. >> sources are telling bloomberg that president trump has gone for jerome powell. he will make the announcement later thursday. toell's republican appointed the fed into thousand 12 and has the reputation for a non- ideological and pragmatic policymaker. he supports gradual rate hikes and supports looser regulation. president trump claiming democrats for an immigration thecy that allowed suspected new york killer into the country from uzbekistan in 2010. he is accused of killing eight people and the president said he might be sent to guantÁnamo bay. and the fbi says it has located a second man sought in the attack. the widening u.k. sexual-harassment scandal has claimed a high-profile political target, defense secretary michael fallon has quit citing allegations about his conduct with women. he had already apologized for his hand on putting the knee of a female journalist 15 years ago. at least 40 conservative mps have been accused of harassme

you are watching "daybreak asia ."et to the first word news jessica:ica summers p hewlett-packard slumped on news that ceo meg whitman is leaving. she will step down on february 1, to be succeeded by president antonio neary. whitman became ceo in september of 2011. hpe's fourth-quarter revenue missed estimates, and its first-quarter earnings per share forecast was below analyst expectations. pai hasrman ajit proposed and a net neutrality rules, handing a victory to broadband providers like at&t and comcast. pai set december 14. that includes a ban on fast lanes and gives quicker service to content providers willing to pay extra. the trump administration has sanctioned three chinese trading companies to disrupt the funding of kim jong-un's nuclear program. treasury secretary steven mnuchin says action is being taken against one individual, 13 entities, and 20 vessels. nine of the firm's sanctioned are publicly traded. a senior minister says singapore's wealth management industry has not seen significant outflows despite

betty: that is it from "daybreak asia." market coverage continues with rish and heidi. 9:00 a.m. in hong kong, 8:00 on wednesday evening in new york city. heidi: i'm in sydney. this is "bloomberg markets: asia." ♪ rishaad: the rally rolls on as asia extends wall street gains. , facing a stocks capital uphill battle. heidi:

i am yvonne mann, welcome to "daybreak: asia."sia-pacific markets are set to extend last week's losses, ringing a stellar run to a close. china has ambitions for world-class tech colossus. weeks him the challenge to silicon valley. liu in new betty york, it is just past 6:00 p.m. on a sunday evening. neare hike is seen as a certainty next month. goldman sachs says we should expect for more next year. and japan retains hopes to bring the u.s. back to the tpp. we will hear exclusively from the economy minister in japan. ♪ betty: just moments ago, breaking news out of europe, germany's chancellor angela merkel, her push to unite for parties together into a coalition government seems to have collapsed. they were just running up against that deadline. this is going to put germany into uncharted territory. and really puts angela merkel's job on the line. you can see there is immediate market reaction already in the currency markets in particular, the euro dropping right as the news broke about the talks. it was already uncertain if ange

i am yvonne man, you are watching daybreak asia.ok at the first word news. >> in washington the republican party tax plan enters a crucial week with centimeters planning a ase or break vote as soon thursday. they are expected to unveil the bill. with the potential and for federal deductions for state and local taxes. the president is expected to address senate republicans on tuesday. stocks rose despite the country's deadliest terror attack. tense up tok rose a 1%. more than 300 people were killed on fridays attack. egypt has raised their security alert to the highest level after the islamic state claimed responsibility. what still not clear caused the explosion that killed at least two people on sunday suffered shanghai. more than 30 others were injured in the blast that flattened a vacant building do for demolition. witnesses claim a gas pipe. the area claimed there was no gas pipe. eu president donald tusk said the u.k. has just seven days to produce a new answer on the brexit divorce bill. if they want to break the deadlock befo

welcome to "daybreak: asia."he top stories this monday, president trump faces the first of many meetings with north korea plan the agenda. he has made a clear warning to opponents to not challenge the united states. betty: and it is just after 6:00 p.m. on this sunday evening in new york. elsewhere, storm clouds over berkshire hathaway, mother nature rained on warren buffett's insurance-based parade in the last quarter. and saudi arabia's crackdown. is world's 50th richest man among those detained. ♪ betty: while we are watching all of these geopolitical events, including more headlines coming out on north korea, let's focus back on the markets how investors are looking at how all these events playing into their own outlook on the u.s. and the world. i want to bring up this chart, 5080. it shows you how the three-year and tenure spread, or the five and 30 and two and 10, i should ,ay, trying to find out represented right at the end. you can look at it several ways, or maybe specifically two ways, ,hich is the bil

. ♪ betty: this is "bloomberg daybreak: asia." ne: the trump tour rolls on through asia while the president heads to china after his visit with seoul. former u.s. ambassador kathleen stevens is with us. you mentioned earlier how president trump is coming into beijing with a more strengthened hand, so to speak, given that he has seemingly tried to calm his allies when it comes to north korea. set us up for what will happen in beijing. earlier to theg asia society earlier, saying there will be a difference publicly what is set on cameras compared to what is set behind closed doors. kathleen: i imagine on trade issues that will be the case. with north korea, probably so too. my own suspicion is that president trump will, behind closed doors, push very hard to fusion pain -- to xi jinping to do something dramatic when it comes to north korea. for example, coming off oil exports. -- cutting off oil exports. president trump may want to make the case that something like that may be the final pressure china could take in concert with the r

this is bloomberg. ♪ ♪ is "daybreak: asia".owell is a credible fed candidate. this move could be care -- ve onthe refully integrated monetary policy. >> the federal reserve has to, .gain, extract us i think -- i don't think that's going to occur, i don't think that it's that dangerous. with rates writing, for a long time, interest rates are low. that hasn't been of noxious to the economy. inflation has been low. around thehat money world will not be a free good, and it will be properly allocated -- i'm sorry, properly priced. occurring, we have to remove that extra stimulus, reduce a balance sheet, raise rates, and the big test will be to do that in a way that doesn't shock us into a bad position. this is a little bit like moving an unstable, dangerous chemical, and we want to treat it very carefully. everybody knows it has to be done. everybody's doing transparency again, as part of the implication remedy to make sure everybody knows what's happening. it's predicted that there's no sudden quick, jerking move -- this could take

you are watching "daybreak: asia ." p has offered to resolve territorial disputes in the south china sea as he enters the final leg of his tour in asia. he is attending a series of meetings on regional security. flashpoint will be shipping lanes. trump says he is a very good mediator and arbitrator. meanwhile, japanese prime minister held talks with a taiwanese lawmaker despite being warned by china not to do so. he spent half an hour with the head of the people's first party on the sidelines of the apec summit. a constraint already tense relations between beijing and tokyo. has received no response to his proposed visit to china next year. in the u k, 40 conservative members of parliament have agreed to sign a little of no confidence in prime minister theresa may. the sunday times says that is a short of the requirement of force a leadership challenge. may has been under pressure since the snap election and has replaced to front bench ministers in the past two weeks. the smog choking new delhi is so bad that united airl

welcome to "daybreak asia." janet yellen confirms she will leave the fed with her successor taking the chair next year. germany faces another election as chancellor merkel rolls out trying to rule by minority. >> from bloomberg's global headquarters, it is betty liu in new york where it is just after 6:00 p.m. on monday. the justice department is going to court to block at&t's takeover of time warner, a major blow to the $85 billion deal. feeling the heat -- the white house designates north korea a state sponsor of terrorism. that at&t press conference is still happening. we are listening for breaking news out of that. in the meantime, we had that bounceback, but lots of people are saying, the correction in the markets might not be over yet. if you look at this chart, it just shows you come indicated by the white line, that the leading indicator continues to show pretty robust growth in the u.s., 3%-plus gdp growth in the united states, which is a reason why, even though there are some bulls out there getting wo

"daybreake to come on asia are."his is bloomberg. ♪ yvonne: credit suisse is to pay $135 million and higher and external mueller -- march or to accusations. banks pleadedsix guilty and agreed to pay almost $6 billion in charges related to currency manipulation. goldman sachs has been laying the groundwork for business in china where it will have control as beijing relaxes the rules on foreign ownership. we are told the partner is open to selling a controlling state -- stake in their venture and the two sides are negotiating. the new rules raise the ownership rates at 21%. alibaba is returning to the bond market after a two-year break. taking the sale of two $7 billion. several banks to work on the offering. it raised a billion dollars in 2014, the largest -- $7 billion in 2014. is producing more vehicles. they m2 bring flying cars to the market. by graduates and hopes to deliver the first flying car. and roger altman saying that there will be a chance of tax reform. this is bloomberg. yvonne: we are half away -- half

you are watching "daybreak asia." word news now. >> president trump heads to korea on tuesday after a japan visit that delivered no concrete result on succeeding a warm trade," despite relationship with shinzo abe. he won no concessions from tokyo on the $69 billion trade deficit. the leaders did agree on a hard-line approach to north korea, although no new measures were announced. increasing concern about the deficit which presents a growing reform as theax house ways and means committee starts considering the legislation. the republican changes good increase the federal debt. the legislation's supporters say the system favor. critics say it is just smoke and mirrors. >> fundamentally, this is not tax reform. this is tax cutting, and it is a rather indiscriminate, nonstrategic taxcutting which i think is likely to increase unfairness, is likely to cheat to future, and is not likely provide significant benefit in terms of economic growth. >> wilbur ross says he will probably not keep his stake in a shipping company th

welcome to "daybreak asia." president trump says world leaders are treating america with a long-lost respect. softbank may invest in saudi arabia. they could see a new high-tech city on the red sea coast. sending badge of honor, tencent to a blowout quarter, enjoying its fastest growth in seven years. and self driving cars, the future is on the line. we're live it baidu world in beijing. ♪ yvonne: it seems like the stress of the markets easing off a bit, which is a good sign. it is how you read the sentiment. is it that the valuations are overstretched, uncertainty over tax reform, also, is it just the end of the year and traders are closing their books? it seems traders are using this opportunity to buy. betty: it seems to be the mantra you keep hearing these days. adding to the media mentions of buy the dip. these markets have been going up and up it is about time for a correction. it would not be a surprise. he seems to be in that camp, once we see a correction, it is time to buy into these markets. we will s

i am yvonne mann, welcome to "daybreak: asia." are set to extend last week's losses, ringing a stellar run to a close. china has ambitions for world-class tech colossus. weeks him the challenge to silicon valley. liu in new betty york, it is just past 6:00 p.m. on a sunday evening. neare hike is seen as a certainty next month. goldman sachs says we should expect for more next year. and japan retains hopes to bring the u.s. back to the tpp.

at 7into daybreak asia a.m. from hong kong.r on bloomberg radio.com. ♪ >> good morning, i am betty lou in new york. >> and i am paul allen in sydney. you're watching daybreak australia. tocould be the first woman win to australian elections. bloomberg's australia and new zealand managed here. it was a state election. but for any evidence of this being a referendum, it is becoming increasingly unpopular. >> you are right, the state elections are largely fought on local issues. you shouldn't read too much into the results. it is further bad news for the government. what we saw on the state's election was independence and fringe parties most noticeably. anti-muslim immigration one nation party picking up a sizable chunk of the primary votes. and lost that didn't really materialize into a substantial tober of seats, projected pick up only one seat in the state parliament. it is further indication of expressing dissatisfaction with the political mainstream and moving off to the fringe. and that swing to one nation liberalo hurt the

. ♪ welcome to daybreak asia.m paul allen in sydney. >> we have some breaking news right now on south korea. we are awaiting the bok decision. industrial output for october, down 1.1% in industrial output month on month. year for october, down 5.9%. expectations were for a continued rebound in industrial output. not great on year, so news at all for the south korean economy, industrial output had been on the rise of wing to the export of electronics and other items. have a bit of the damper may be countering some of the opinions that the bank will raise interest rates this morning. we will introduce more uncertainty in that decision. markets seem to have priced it in. we will wait and see what happens when we do get the results of the bank of korea board meeting later on. running ints up and the asia-pacific. let's take a look at new zealand. off .3%. the kiwi dollar little changed against the greenback. trading just getting underway and australia. not too many stocks online at the moment. we are seeing a little b

tom yvonne mann, welcome "daybreak: asia." eaches its final stop in the philippines. maritime disputes will be on the agenda in manila. it is just after 6:00 p.m. on this sunday evening in new york. congress, hurdles in the house and senate disagree on fundamental points. and alibaba's singles' day shopping spree generated

welcome to "daybreak: asia."nday, president trump faces the first of many meetings with north korea plan the agenda. he has made a clear warning to opponents to not challenge the united states. betty: and it is just after 6:00 p.m. on this sunday evening in new york. elsewhere, storm clouds over berkshire hathaway, mother nature rained on warren buffett's insurance-based parade in the last quarter. and saudi arabia's crackdown.

he's going to be joining the bloomberg daybreak: asia on radio for the next 20 minutes -- bloomberg daybreakming up, we will continue the u.k. conversation. when we another take him what this man is going to deliver later on. crunch time for carney. we will join nejra cehic and get her take and our guests take. that's next. this is bloomberg. ♪ ♪ guy: we are 41 minutes into the equity markets session. this is the open. u.k.arket expect that the will get its first rate hike in 10 years. hear from the bank on its economic forecasts, what will like?ting record look what if they fail to deliver on ?he rate hike today nejra cehic is down at the bank of england. good morning. nejra: good morning. the big question today, that's right. entering by a senior economist at asset a mess -- investment managers. has the bank of england backed itself into a corner, where it has to hike rates? >> i think it doesn't have to. it has given its self -- itself some flex ability. they do have positioned themselves in a place where, it would be a big surprise to markets if they don't move. there is a position they

welcome to "daybreak asia." asia-pacific markets are set to continue gains.lso speaking this hour. there is cloud on the horizon. it's in china. >> from bloomberg's global headquarters, i am betty liu in new york where it is just after 6:00 p.m. on this tuesday. sackinging headlines, staff after paying to conceal a hack that compromise the

theadio, depressed over dodgers, ecstatic over the astros, bloomberg daybreak: asia's to coast.n, houston strong. bloomberg radio. ♪ ♪ francine: this is "bloomberg surveillance." francine from zero a k new york today. tech earnings, that is in full swing. and new yorkh today. tech earnings, that is in full swing. -- for more, our tech editor joins us now in london. first of all, away from the results of facebook, and we need of the at apple, a lot tech guys 48 hours ago, this is usually a privilege reserved for bankers. more of the same today? world for theew tech executives. they sent their top attorneys before the hearing and they got an earful. lawmakers are looking for more answers about how misinformation is spreading across networks, and what more companies can do to prevent it. there is not an easy answer. he gets to the core of how the networks work. facebook puts material on the website and it is shared around. that is being manipulated. how they are able to reign that is, it is going to be a challenge. francine: what comes next for facebook? they willbook says put more

welcome to "daybreak asia." wall street declines said to spread asian markets.tors concerned about tax reform and inflation. a resource glut also ways on stocks. oil drops, the most in six months. global bloomberg's headquarters, i am ramy inocencio in new york. p.m. just after 7:00 tuesday evening. more pressure on the government and boj.

this is "daybreak asia."llars saw its biggest decline in eight months as the fed indicates reduced dovish in us. miness.ovish >> it is just after 6:00 p.m. in new york. jamie dimon can't wait to return to china and will pay more taxes if necessary.

welcome to "daybreak asia." president trump heads for seoul on the second leg of his asian tour. talking tough, but coming up short, trump leads japan empty-handed on what he calls unfair trade practices. betty: and from bloomberg's global headquarters, i am betty liu in new york, where it is just after 7:00 p.m. on this monday. it could be a cruising $105 billion takeover fight. softbank watching its

welcome to bloomberg "daybreak asia." trump's pick faces a confirmation hearing later. building and refine the regulatory building. betty: im am betty liu in new york where it is just after 6:00 p.m. bob iger's

to daybreak asia. top stories this friday.s break with equities set to decline in tokyo. most attention will be on china after thursday's sharp sell-off. >> beijing may turn up the heat on digital microlenders as well reduce risk in the financial services sector. for asumers gearing up black friday sales explosion. answer tona's congestion is take it to the skies! onhave a special report drone taxis.

welcome to "daybreak asia."rump says world leaders are treating america with a long-lost respect. softbank may invest in saudi arabia. they could see a new high-tech city on the red sea coast. sending badge of honor, tencent to a blowout quarter, enjoying its fastest growth in seven years. and self driving cars, the future is on the line. we're live it id

welcome to "bloomberg daybreak: asia." top stories now. there was one. trump will make jerome powell the new president of the fed. the governor faces gradual rate hikes. financial regulations. >> and from bloomberg's world headquarters, i am betty lou. a case of highs and lows. facebook smashing estimates in the third quarter. to

i am yvonne man, welcome to "daybreak asia." republicans rollout their tax proposals.d says he sees will for the first revamp in three decades. says his fed would keep a close eye on financial sector risk. bloomberg's global headquarters, i am betty liu in new york, where it is just after 7:00 p.m. thursday. the iphone x the finally hits the stores, are you excited?

that was the chief asia-pacific strategists for goldman sachs speaking on daybreak: asia.he by. >> we will look at the fed in the struggle to convince investors. we will have that discussion. also the prospect for u.s. tax cuts, and wind up with crude oil. regional plays, strategies on how to make some good yield. that is all we have for this edition of bloomberg markets: asia. this is bloomberg. ♪ this is bloomberg. ♪ ♪ saudi arabia's biggest companies signs a deal to process oil and chemicals, ultimate could be worth $20 billion. >> the rally loses steam as investors turned their attention as the dollars rising against his peers. near two-year highs as opec and independent producers meet, production curbs on the agenda. >>

welcome to "daybreak asia."ms she will leave the fed with her successor taking the chair next year. germany faces another election as chancellor merkel rolls out trying to rule by minority. >> from bloomberg's global headquarters, it is betty liu in new york where it is just after 6:00 p.m. on monday. the justice department is going to court to block at&t's takeover of time warner, a major blow to the $85 billion deal. feeling the heat -- the white house designatesor

rishaad: roger altman there, ever core down there on "daybreak asia."m choking new delhi. can the indians learned some lessons from the chinese? that is next. this is bloomberg. ♪ ♪ rishaad: turning to india, smog levels remain a severe in new delhi, having hit record levels in giving the city and unwanted title, even more polluted beijing. they have taken emergency measures coming footing sprint and water on roads and banning construction activity -- measures, including sprinkling water on roads and banning construction activity. how bad is it? the pollution levels we are seeing in delhi right now, the critical part is something card particulate matter, the particles hanging in the air -- something called particulate matter, the particles and he in the air -- particles hanging in the air. levels either close to 1000 or higher than that. it has been consistently above the hazardous level. is smoggll the -- it y. you don't have a clear, sunny day. it is really tough to breathe. haidi: and of course, just pointing out even if you are hiding inside, it sti

this is bloomberg daybreak: asia daybreak. i'm jonathan ferro alongside david westin and alix steel. let's get you up to speed on some of the market action this morning. the countdown to the open with futures just a little bit softer after a streak yesterday on the s&p 500 the euro responding to some strength across the continent. gdp numbers out of germany. growth numbers looking rally -- rather good. two basise in by points at 239 on the u.s. 10 year. alix: let's look at what the data out of germany did for the dax. inflation only hit 3% last month. ray dalio putting his money where his mouth is why trickling his bets in some of the gold etf and brent a little softer as the iea warns of instructed demand. jonathan: was that in his principles? was that in his book? he never told us about his position in gold. david: maybe for good reason. alix: it's a huge bet. david: for news outside the headlines we head over to emma chandra. hisresident trump has ended trip to asia declaring that .rade rules have changed he left manila aft

this is "daybreak asia." ♪ city seems to be losing its home advantage for listings.ore and hong kong as financial hubs. what is the headline and why is it happening? the number of singaporean companies coming to hong kong to list is up dramatically from previous years and so far 13 in hong kong and 14 in singapore. david: any slight difference between the two? the numbers speak for themselves. we have not seen this many come here, but what are we missing? >> the singaporean companies have raised $2.5 billion, whereas the ones who have come to hong kong have raise $700 million. you can certainly see singapore is still in the lead. it seems the ones in singapore have an edge. david: is this something we should expect next year? in that theing bankers will be happier here than singapore? the world's is fourth biggest stock market. we have had $15 billion worth of ipos. hong kong is a bigger market. we had a quote in our story from the ceo of razer. he said hong kong is the perfect place to raise capital and down the line you have the prospect possibly of some kind of ip

. ♪ anna: this is "bloomberg daybreak: europe." prettyi asiaacific high today which is no small achievement. shanghai composite is flat. let's get to bloomberg business flash with ed ludlow. toard: unilever has reported have started the foundation of the ceo. according to sky news, thought saying where he got information, -- to help it identify its successor. the report says no date has been set. offer. raised its that is after a rally in the shares of the chip systems maker says many invested including elliott management to seek a higher price from the buyout firm. u.s. waste permit equity company increased its october bid by 18%. that is your bloomberg business flash. manus: edward, thank you very much. the has try to accelerate brexit negotiations by suggesting that rather than willing its veto, ireland could hold fire and block the final court if it wished. anna: that comes as theresa may is due to meet with donald tufts in brussels today. it is tumbled flows level since the brexit. alan higgins is still with us. quarter, business investmen

. ♪ anna: this is "bloomberg daybreak: europe." by msci asiaific just up .8%. 2:20 in the afternoon over there. 7:50 here in amsterdam. abn amro boosted the dutch government's goal of selling out the rest of the state-controlled lender with third-quarter profit that beat estimates as operating expenses and the cost of risk decline. joining us is clifford abrahams who joins us from amsterdam. great to have you on the program. is this about the shift toward digital banking? tell us what is driving this? clifford: last year with announced our intention of taking cost down and serving our customers better. take cost down to this year, we expect to continue that through next year. we will take some more restructuring provisions in order to make those changes. that's part of a continuous process of change we've been doing for the past year or so. manus: we've had a couple of conversations about how this translates in terms of branch closures and staff that would be let go. give us some context around what that actually means in reality. >> that is a

asia. welcome. this is "bloomberg daybreak: europe," our flagship morning show in london. i'm anna edwards.

asia ceo. ♪ anna: a warm welcome to "bloomberg daybreak: europe." manus: some cracking guests for you. ave j.p. morgan's asia ceo. opening up in china. anna: we will bring you an interview with the allianz ceo. we will talk about where you want to put your money. pimco be heart of the story. some breaking news. this is the hard luxury watchmaker, diamond maker. period, 974he million euros. that is what we have. sales came in at 5.61. couple -- look at a couple of different stories. they are trying to grab a hold of their grand again. operating margin, 20.8 billion. -- 20.8%. when it comes to changes, they went through some serious change last year. the abolition of the chief executive officer position plaster, trying to rejuvenate the board. you had the head of watches, he left. he went to breitling. coo andjerome as emmanuel to be the head of watch this division. this is trying to have a hold of this business, make sure it is fit for purpose going forward. let's talk about the steel sector. arcelormittal have numbers ahead billionates at $1.92 versus an estimate of $1.88 billion. inter

asia. manus: welcome to "daybreak: europe." i'm manus cranny. anna: i'm anna edwards. 7:00 in london.ck with the oil fame. -- 576rexall, 560 million euros, that is a beat. they join the host of companies inm bp to royal dutch shell terms of beating, shall generated cash, bp give us -- gave us a buyback. repsol delivering on the numbers. they ratcheted up the debt piles on the purchase of talisman in 2015. you are seeing an overall beat on the net income side, adjusted net income. atrd quarter avatar comes in 5.9 billion. the debt will be the most interesting number. let's see how the market react 6.70 9debt numbers of billion. billion. anna: the full-year outlook will be on the lower end of the guidance range, says smith and nephew's. we will wait for a few more details to trickle through but what makes that more fascinated is that -- fascinating is that smith and nephew has had an activist investor take a stake in their business. alledge -- elliott management, it has been talked about as a takeover target for some time. if we see the share price go any lower on the back of the skied