that is it for -- from us in "daybreak asia." to a new trading week but at least we are positive starting. russia is facing new sanctions for links to chemical weapons. an announcement is expected from the treasury. and nikki haley is saying washington is sending a strong message, and this time everyone will feel it. also coming up, japan and china aiming to persuade north korea to abandon nuclear weapons.

welcome to "daybreak asia." will allowll -- some countries to be exempt from aluminum tariffs, but not all. bloomberg's global headquarters, i am betty little. liu. after -- betty just after 7 p.m. sunday evening in new york. the t-mobile ceo wants to shake up american wireless. ♪ >> good would not be the word i'd use to describe these industrial protections. south korea industrial production for the month of down is adjusted here, 2.5% month on month, much worse than what economists had estimated. year, down 4.3%. expectations among economists for the month of march forecast -- industrial production to decline by 1.6%. there are quite a few troubles in the auto sector, including some plants shut down. this is a time we have seen these numbers shrink for the first time since december. any indication as to what we are looking into for the second quarter -- the mantra is that these are going to moderate. seen, globalhave demand is still quite strong. once we getmore those trade numbers out of south korea. >> inves

welcome to "daybreak asia." a quiet day expected as asia enters a new quarter.ed for several markets closed for easter. a bust in china as factory shrug off the trade war. beijing prepares to answer u.s. tariffs. just after 8:00 p.m. sunday evening. confidence dented after tesla's were share month. the model free is more urgent than ever. strike a red velvet diplomatic note with a rare concert in north korea. ♪ betty: talk about k pop layer, but the fact or's are singing a nice tune here for the first quarter. the survey showed up better than expected. still looking pretty resilient for the manufacturers. still holding onto decade highest for some of these numbers. this is a breakdown here between the large and small manufacturers. you could see 24, we are still holding onto the 13 year high we have seen for these exporters up there. the outlook is still missing x -- estimates a bit. still holding at 20. it was the more resilience we saw for small manufacturing's -- manufacturers that focus on domestic companies that could be better. also with the yen as well. w

welcome to "daybreak asia."acific set to follow wall street, with industrials and tech under pressure. the 10 year yield hitting 3%. bellwether caterpillar fell in the first quarter, described as a high watermark. betty: from bloomberg's global headquarters i am betty liu, where it is just after 7:00 p.m. tuesday evening. evening -- aluminum seeing the biggest loss in three decades. talking trade, steve mnuchin preparing to head the china for renegotiations on imbalances in tariffs. ♪ betty: as we had predicted that we would be talking about the 3% in yields in trade. that is spooking the equity markets. not just investors, but u.s. consumers. chart,ook at this gtv which shows you how consumer sentiment is on the board on stocks. and as you can see, rapidly declining, showing on this line chart, the number, the percentage of u.s. consumers who think the stock market will fall within the next 12 months. rapidly falling into the red. yvonne: several factors bringing markets down. we take a look at what we saw in t

welcome to daybreak asia. a weaker yen may support japanese equities after the dollar rose to a three year high. futures indicate small gains elsewhere in asia. google's parent reports a surge of sales and spending. alphabet shares rose after the bell and then gave up a game. yvonne: i am betty liu in new york, where it is past 7:00 p.m. on monday evening as we get the week started. mike pompeo having a better week. succeed rex to tillerson as the next secretary of state. amazon working on another big bet. robots in your home. we are going to be live in san francisco with the details on that. betty: skittishness in the markets over the 10 year treasury yield, moving up to the 3% level. what is going to happen once a crosses that level? a big question for the markets today. that might be why, if you look at this chart here, the fear index is jumping, as you can see on the right. the fear barometer, which according to credit suisse, measures the price of bullish to bearish options. it is showing a spike. the fea

welcome to "daybreak asia." ade tensions, is it time to talk? willingnessicates to negotiate with china as tit-for-tat tariffs rattled the markets. beijing says it will not be pushed around and slaps reciprocal duties on america. from bloomberg's global headquarters i am a ramy inocencio in new york. of 87ok says the data million users was improperly shared. mark zuckerberg says he is still the man for the job. curved screens and touchless control, how apple aims to keep the iphone ahead of the game. we are live in san francisco. ♪ yvonne: we just got breaking news from south korea crossing the bloomberg right now, the current account balance for the month of february. we are swinging back into a surplus. it was a surplus the previous month but we have widened the surplus to $4 billion. much bigger than we saw in january of $2.6 billion. certainly one to watch for the korean markets. inuick, sweeping turn around the wall street session after these trade tensions seem to be simmering, seems to be more breathing ro

this is "daybreak asia." i am yvonne man in hong kong. betty: dragging down in tech shares in asia.ork.etty liu here in new speaking about how the markets ended in the u.s. and how that will affect asian trade, a quick look at the boards and how the index has finished the day. the s&p down over 2%. the dow losing 500 points. the nasdaq also down. you can imagine the worst among the index is given the tech two .7%.wn this having an impact on other markets, of course, including the dollar and bond market. i want to bring in the chief economist, head of credit portfolio management. he is also a bloomberg view, columnist. this risk-off sentiment is everywhere. >> m.d., it's everywhere, indiscriminate almost. looks like a global economy. it should be impacted by the latest trade spat between china and the u.s. and level equity markets under pressure. the market assessing. there is one country looking to narrow the straight balance. hence why we are seeing the selloff today. betty: it's kind of indiscriminate. i want to pull up this chart. if you look at the investment-grade credit market

welcome to daybreak asia.he top stories this friday, the returns to markets after the fears of a trade war and strike on syria abates. the best week in five. president trump mentioned the mood. he said the u.s. could rejoin the cbp. betty: and from the global headquarters i am betty liu in new york where it is after 7:00 p.m. thursday. hong kong stepped in to defend the dollar. the monetary authority makes its first currency intervention since 2005. bitcoin is back at least for a day. the biggest cryptocurrency remains near $8,000 in its biggest surge since december. ♪ betty: you know, we have been concerned over the last several weeks on geopolitical risk on trade risk. if you look at this chart, it makes it seem we may not even have to worry about downside inflation risks. this line chart shows how the fomc officials are looking at core inflation and now see pretty much zero downside risk to inflation, which then begs the question whether it is now all upside business to inflation instead of three interest r

we are live a from bloomberg's asian headquarters areas welcome to "daybreak asia." asian-pacific stocks face an uncertain start with tech stocks under earnings pressure. u.s. earnings falling for the first time in four days. commodities remain strong despite terror of tensions. bloomberg's global headquarters i am julie hyman in new york, for betty liu. it is just after 7:00 p.m. thursday. echoing imf optimism. -- it says benefits must be shared equally. washington prepares new restrictions on china. powers tose emergency curb investment in certain areas. ♪ julie: we did see a pullback in u.s. stocks after several days of rally. it has once again to do with earnings. what is getting attention is what is going on in the treasury market. we have seen a couple days of yields rising. if you look at the bloomberg, it has meant momentarily a steepening of the yield curve. that is a reversal of the recent direction. flat as 41get as points before reversing course and widening out once again. the consensus, we may continue to see flattening, but there was a reprieve for at

this is bloomberg. ♪ yvonne: "daybreak asia this is." am yvonne man in hong kong -- this is "daybreak asia." i am yvonne man in hong kong. betty: i am betty liu. reassure both domestic business is an international investors. that cross to hine and, -- hine hainan. steve. here. we are the keynoteill give address. a lot of people are speculating on what he might say. he could respond quite stridently against the second round of tariffs coming from the trump administration, or he could take a tack that he took at davos and be more statesmanlike in continuing to be a champion for freer trade and globalization against the headwinds of protectionism coming from abroad. not necessarily naming trump by name or the united states. we don't know. in the 9:00 hour local time. , let's turnspective to the cochair and former commerce secretary. what are you hearing from the chinese? you are in a unique position former u.s.are a official and now in the private sector, but you have high-level meetings, including this year. what are they asking you? obvio

welcome to daybreak asia.ns after a choppy session on wall street. the dollar rose to its highest in three months. samsung beat in the first quarter driven by booming demand for memory chips. profits topped $10 billion. i'm betty liu in new york. macron tellsanuel congress america would be wrong to turn its back on the world. he also expects the u.s. to drop the iranian deal. minister's bige the bloomberg about next month's election and the one mdd scandal. yvonne: earnings front and center this morning. samsung, once again continuing the pattern we see where in the first quarter we are seeing gangbusters and when it comes to earnings, they beat by $925 million. revenue up from 20%, but once again, it was the guidance from the second quarter that seemed to be not as rosy, as we are hearing in the conference call. look at this gtb start -- gtb chart. that is why we are seeing concern in the chips and selloff because there is still the concern that the demand for chips has reached a peak, samsung not alleviating

welcome to "daybreak asia."hetop stories this monday, imf warns rising protectionism threatens the global economy. things are still good but the risks are out there. stephen mnuchin hits on a trade truth with china. beijing says they welcome a chance to resolve their spat. kathleen: just past 8:00 a.m. hearing tokyo. -- here in tokyo. president trump dials back on the optimism. the white house says opec is keeping the oil price artificially high. they say it is not true and the market will decide. ♪ kathleen: what a way to start the week. we certainly closed the week looking at trade. imf, central bankers saying it will be more deflationary than inflationary if we had a trade war. oil prices rising again. donald trump lashing out. and of course it did hit the stock market, and bonds back up nearly to 3% now. yvonne: you can see we had a close on the dow jones. theleen: let me run through real quick. s&p 500 losing nearly 1%. that was another week where we had three up days, two down days. people are really wonde

welcome to daybreak: asia. the u.s.ina tariff list in the targets are tech products highly prized in beijing. the stage set for a global trade war. china says it opposes the move and will hit back in kind. expecting dramatic rise in production this year, and ramping up pressure on mexico. the risk aversion has dissipated a little bit here. that's what we saw in the session. the spotify ipo looked pretty successful so far. and reports from the bloomberg team that the white house is not really planning any kind of regulation. asia will get interesting other on chinese imports. comments coming from the chinese side but we need more detail before we see any real serious reaction. you are seeing markets in asia and just a touch higher. whatll continue to watch develops throughout the asian trading session. let's get to first word news. we have more. >> a woman shot and wounded googleeople at headquarters before killing herself. no motive has been given for the shooting and one man left with critical injuries. will says secur

welcome to "daybreak asia."llow wall street, with industrials and tech under pressure. the 10 year yield hitting 3%. bellwether caterpillar fell in the first quarter, described as a high watermark. betty: from bloomberg's global headquarters i am betty liu, where it is just after 7:00 p.m. tuesday evening. evening -- aluminum seeing the biggest loss in three decades. talking trade, steve mnuchin preparing to head the china

this is bloomberg. ♪ ♪ haidi: this is daybreak asia. i'm haidi lun.ump said china will be the first to cave in on trade your he made those comments as his counterpart prepares, as we discussed with stephen engle to talk to investors. let's discuss this with the peterson nonresident senior fellow mary lovely. do you agree with the president that the chinese might be the first to cave in? mary: no, the chinese will not. not only do they see this as fundamental to their role as a leader in the global economy, -- the people are behind them. as you heard, president xi does not have to run for reelection. he has quite a bit of room to let this run. betty: do you think there will be any response to trump? mary: i don't think they will respond to any kind of threat like this. i think they will respond to the actual implementation of tariffs. betty: it is going to take a while, certainly a few months for tariffs to be implemented. do they hit the right spots? the president has outlined -- are they going to be effective? mary: we have been analyzing that. they

welcome to "daybreak asia."ointingific futures to a lower opening after equities slipped in new york to read oil and gold jumped on escalating mideast tensions. also digesting a more hawkish tone in the fed minutes. policymakers edged toward faster tightening. betty: i am betty liu in new york, where it is just after 7:00 p.m. wednesday evening. mission accomplished, mark zuckerberg survived a two on capitol hill. even critics retain their doubts on the company. some of government actions could be justified. ♪ betty: we had the fed minutes, tensions in the middle east, and u.s.-china trade lurking in the background. what came up later on in the afternoon, markets hearing the hawkish tilt in the minutes. let's quickly look at how the markets ended today. deep in the red, but not as bad as we saw earlier in the morning. 0.5%, the dow losing 219 points. the nasdaq down 0.4%. we mentioned rising tensions in the middle east, president trump tweeting out he would take action against syria after the suspected chemical

i am yvonne man and welcome to daybreak asia. u.s. rallies rallied for a second day on the back of industry heavyweight. trade on aloser in narrower first quarter profit margin and revenue was flat without the dollars help. 7:00 p.m. in past new york. the imf sees two years of growth. seeds of already been sown. the historic meeting moves one step closer. president trump says the u.s. is already talking directly to north korea. a very good morning to you. yvonne, taking a look at the two, especially with the syria airstrikes there is a focus on earnings. let me look in the bloomberg terminal and get you up on the health of the specter of the snp. it was basically a broad rally. laggard -- the single but people will say it will be a blowout quarter. s&p companies have already been coming out there. 1% and is nowby at the highest in about a month. it seems like we are able to focus more on earnings as we see the trade side of the syrian tensions. in the last 24 hours we have been talking about u.s. sanctions on russia are still possibly

this is bloomberg. ♪ yvonne: this is daybreak asia. i'm yvonne man in hong kong. ty liu in new york. we had over to bloomberg markets: asia and take a quick look at how the markets are trading right now, particularly after this bull session here. nikkei down .1%. the cost be lifted -- cost be listed -- kospi listed. checking asian features with the markets in just a few moments. still looking for some conviction here book unlikely be a catalyst. we are seeing futures down 73. and these are the futures as well, all following. a lot of the highlights are going to be in the ego data. we have china inflation as well as u.s. inflation in the pipeline as well. that is it for us on daybreak asia and we continue with rich and heidi next. betty: standby for bloomberg markets. 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

you are watching "daybreak asia ." fresh fuel on the trade fire, threatening additional tariffs on $100 billion of chinese imports. the president says the action is in light of what he calls china's unfair retaliation to the initial tariffs on $50 billion of goods. the s&p 500 made a third day of gains on talks negotiations could head off a trade war. the president has also renewed his attack on amazon, saying he is taking a serious look at what unlevel an unfair -- playing field. he says there could be a decision from the supreme court. the u.s. postal's office loses out delivering amazon packages, but they say that is not the case, they actually make money. saudi arabia has unexpectedly raised the price of its crude in asia, sending brent crude to its highest in almost three years. aramco lifted the official price by $.10 a barrel. a survey last week said refiners and traders were anticipating a $.60 a barrel decrease. former head of sales for bitcoin exchange says he is no longer a believer. the technology is here t

welcome to "daybreak asia." the top stories this tuesday, asia-pacific markets face a mix to start after a broad-based rally lifted u.s. stocks. the s&p back to gains for the years. a new maple low as president trump rants china and russia currency manipulators. from bloomberg's global headquarters, -- betty: from bloomberg gode global headquarters, and betty liu. profits top quotations as earnings rise to a record. record, netflix jumping in late trade. more than 7 million people signed up in the last quarter. yvonne: we will be looking at those chinese gdp numbers, looking at and that for some clues, perhaps, not just on , but in policy in china the reaction than the markets. i want to pull up this gtb chart. gtv chart. -- continuedoldings have to rise. yuanhe same time, the has risen. it is all confounding when we hear the president saying that ,hina is a currency manipulator and china is not using as they could the leverage of the u.s. treasury holdings. yvonne: we are perplexed by that ethics tweet saying t

welcome to daybreak asia.iday, the returns to markets after the fears of a trade war and strike on syria abates. the best week in five. president trump mentioned the mood. he said the u.s. could rejoin the cbp. betty: and from the global headquarters i am betty liu in new york where it is after 7:00 p.m. thursday. hong kong stepped in to defend the dollar. the monetary authority makes its first currency intervention since 2005. bitcoin is back at least for a day. the

welcome to "daybreak asia."res to a lower opening after equities slipped in new york to read oil and gold jumped on escalating mideast tensions. also digesting a more hawkish tone in the fed minutes. policymakers edged toward faster tightening. betty: i am betty liu in new york, where it is just after 7:00 p.m. wednesday evening. mission accomplished, mark zuckerberg survived a two on capitol hill. even critics retain their doubts on the company.

yvonne: this is daybreak asia.s get the chinese bonds because they're yields are onbling the most since 2016 wednesday. after the pboc cut their triple reserve requirement ratio to steady bank liquidity. joining us to make the heads or head.of this is the asset i want to go into the bloomberg here because i want to show our viewers exactly what is happening with those yields. 3.48% for the 10 year, a day ago it was 3.61% because of their triple archive. talk to me about the impetus and the motivation from the pboc here. ashley: a pretty big move. what hasontinuation of been happening since the last month or two. chinese bond yields, tenure bond yields up close to 10% and now closer to 3.5. extentt move has been an -- an extension of what we have seen for the last month or two. given a lot of bond investors confidence to get back into the market. domestic investors in china have been avoiding the bond market. the latter part of last year and early this year, concerned of what was happening on the deleveraging side.

that is all coming up next over the next two hours of daybreak asia. that is just about it. open as asia wakes up. this is bloomberg. ♪ ♪ 7:00 a.m. here in hong kong. asiae live from bloomberg headquarters. i am yvonne man, welcome to daybreak asia. u.s. sanctionsw for links to chemical weapons in syria. trump says the attacks were mission accomplished. nikki haley says washington is sending a strong message and this time, everyone will feel it. york, ity live in new is just after 7:00 p.m. on the sunday. asia-pacific markets face a pretty muted start to the week. the yen is weakening as traders take the missile strikes in stride. the boston fed president i

that is it for "daybreak australia" but stay tuned, asia is next. this is bloomberg. ♪ ♪ 7:00 a.m.from bloomberg's asian headquarters. welcome to "daybreak asia." asian-pacific markets set to tech wave. the nasdaq gained more than 2%. amazon sales surged. another $12 billion. shares hit a record in late trade. globalfrom bloomberg's headquarters i am ramy inocencio in new york. it is past 7:00 p.m. set to keepjapan policy unchanged as the stimulus m

up next is daybreak asia.at is coming up now. >> we will talk more about the china data dump at 10:00 a.m. beaching time. gdp numbers the main focus. 2018 starting out at full throttle according to our next guest at the 8:00 hour, undeterred by policy bumps along is way, but the question growth liking to cool from here and at what pace? we will watch that along with the retail sales and industrial production numbers. those what happened to sanctions, right? we were coming into the week, particularly monday, thinking we would get these announcements on russian sanctions, but we did not. one persons who focus is on the economic effects of sanctions will be joining us to talk about what the affect will be whether we get these are not, what the expectations are, and how companies are positioning themselves as we see a tougher road ahead. haidi: we will take a look at the road ahead when it comes to the fed. the jerome powell inner circle taking shape with news of richard clarida coming through. , we will get his w

it is almost it for daybreak australia, but we have a lot more on daybreak asia.erson institute senior fellow about the fallout from that potential trade war and how should investors position themselves amid trade tensions? we will have east spring investment. heidi and i will continue on daybreak. this is bloomberg. ♪ ♪ betty: asia-pacific markets said to fall for you -- because of u.s. inveighing on investors. haidi: president trump says china will take down its trade barriers because it is the right thing to do. slow and steady. the fed chief says inflation wages, jobs, all indicate gradual rate hikes of the way to go. a new ceo board names for deutsche bank.

i am yvonne man and welcome to daybreak asia. u.s. second day on the back of industry heavyweight. trade on aloser in narrower first quarter profit margin and revenue was flat without the dollars help. 7:00 p.m. in past new york. the imf sees two years of growth. seeds of already been sown. the historic meeting moves one

welcome to "daybreak asia." asian-pacific markets set to tech wave. the nasdaq gained more than 2%.mazon sales surged. another $12 billion. shares hit a record in late trade. globalfrom bloomberg's headquarters i am ramy inocencio in new york. it is past 7:00 p.m. set to keepjapan policy unchanged as the stimulus program becomes increasingly politicized. jong-un will walk into history, the coming the first north korean ever to walk into the south. we are live on location. ♪ ramy: yvonne, good morning. good morning to our asia-pacific viewers. the is going to happen in next few hours on the 38th parallel gets me so excited. aspectom a geopolitical of things, it is a flashpoint around the world. we could see history made in terms of an armistice, could turn into a truce. we will see possible knock on effects and asia-pacific market. so much to key up. we will possibly get pictures of kim jong on walking across the dmz in one and a half hours time. yvonne: our stephen engle is there as well. it is interesting to see how this will play out. people say this is a sideshow to what we will

welcome to "daybreak asia." be exempt from aluminum tariffs, but not all. bloomberg's global headquarters, i am betty little. liu. after -- betty

welcome to "daybreak asia."arns rising protectionism threatens the global economy. things are still good but the risks are out there. stephen mnuchin hits on a trade truth with china. beijing says they welcome a chance to resolve their spat. kathleen: just past 8:00 a.m. hearing tokyo. -- here in tokyo. president trump dials back on the optimism. the white house says opec is keeping the oil price artificially high.

welcome to daybreak asia.ort japanese equities after the dollar rose to a three year high. futures indicate small gains elsewhere in asia. google's parent reports a surge of sales and spending. alphabet shares rose after the bell and then gave up a game. yvonne: i am betty liu in new york, where it is past 7:00 p.m. on monday evening as we get the week started. mike pompeo having a better week. succeed rex to tillerson as the next ar

daybreak asia the top stories this monday.quarter, it is going to be subdued with many market still closed for easter. manufacturing robust in china. shove off for war, to answer the u.s. terms. betty: i am in the global headquarters in new york where it is after 7:00 p.m. on easter sunday. president trump delivering an easter message threatening to dump nafta. the worst share month

we are live a from bloomberg's asian headquarters areas welcome to "daybreak asia."tocks face an uncertain start with tech stocks under earnings pressure. u.s. earnings falling for the first time in four days. commodities remain strong despite terror of tensions. bloomberg's global headquarters i am julie hyman in new york, for betty liu. it is just after 7:00 p.m. thursday. echoing imf optimism. -- it says benefits must be shared equally.

welcome to "daybreak asia." the top stories this tuesday, risk-off trading is back. sparked a route. president trump resumed his attacks on amazon. stocks slump at the beginning of the new quarter. the clients are the worst since the start of the great depression. bloomberg's global headquarters, i am betty miller in new york, where it is after 7:00 p.m. on monday. model t production failed to hit the target. a lot more money may be needed. apple breaking up with intel and

welcome to "daybreak asia." market set for gains after a choppy session in wall street.se to the highest in three months. facebook is an hour after's winner, shrugging off controversies, with record ad sales and daily users. betty: it is just after 7:00 p.m. the wednesday. samsung electronics reporting this hour. analysts expecting record profits, driven by the galaxy s9. and malaysia expects a

welcome to "daybreak asia." trade tensions, is it time to talk?es to negotiate with china as tit-for-tat tariffs rattled the markets. beijing says it will not be pushed around and slaps reciprocal duties on america. from bloomberg's global headquarters i am a ramy inocencio in new york. of 87ok says the data million users was improperly shared. mark zuckerberg says he is still the man for the job.

i am yvonne man, welcome to "daybreak asia." releases its $50 billion china tariffs list.ly prized in beijing. trade war,lobal china says it firmly opposes the move and will hit back in kind. betty: that tit-for-tat ratcheting up. i am betty liu in new york. tesla is bouncing back with better-than-expected numbers, expecting a dramatic rise in production. spotify hitting the right

welcome to "daybreak asia." the top stories this tuesday -- doing a deal.ade group in china. president xi may offer his first comment on this. we will be in height on. betty: from bloomberg's global headquarters, and betty liu in new york. the bank of japan governor talking exit plans. every pico kuroda expects normalization --

bloomberg daybreak: asia bloomberg radio, -- bloomberg daybreak, bloomberg radio, where is my ricardo surveillance. francine lacqua and lending and tom keene in new york. mazzucato with us and on a book that is important. people are emailing me they are buying your book off of amazon right now because they want to geo back and get bored by david ricardo. there is a grave review on your ravera -- there is review on your book treatment history does president trump need to read? perhaps he should be the other book, the entrepreneurial state. i don't think people appreciate how unique he is. he is the first to go after the object royal organizations in the u.s., the drivers of innovation in silicon valley. ronald reagan increased the budgets of the innovative states and decreased the welfare states, problematic. trump is the first to go after organizations, like the sister organization of darfa and the department of energy going after and notn resolution, only are budgets being attacked as irrelevant. francine: let me bring game -- i am going to jump in to bring author, professor and know

daybreak. it is 6:19 a.m. in london. gloom skies over singapore. asia-pacific down by 2/10 of 1%. lackluster response perhaps way mixed positive set of data from the chinese economy. here is ed ludlow. ed: the u.s. government has said zte violated the terms of the sanction settlement and has imposed a seven-year ban on purchases of crucial american ztecompetitive. the national security center warned the country's companies that national securitytechnologt risk by using equipment and services cannot be mitigated. the stock is suspended in hong kong. netflix has posted strongest subscriber growth since going public 16 years ago. the company added 7.1 million users and that first quarter of the year. that is despite raising prices for most of its customers over the last few months. netflix shares rose in

this is daybreak is truly a and we are two hours away from the open of asia's first markets. just after 6 p.m. in new york. i'm betty liu. over the next hour, how the actionable plan to the asia-pacific trading day. in asia, manyover of the markets are closed for the holidays. here in the u.s., it looks like there wasn't a lot of conviction behind the trades today. we did and lower, tech stocks continuing to fall down about 115 points. the s&p lower as well as the nasdaq. the broad-based decline in technology shares that came out earlier this morning. again, not a lot of conviction to buy into the markets. the result is that investors just continue to sell. right.hat's we are already seeing evidence of it in the first few minutes of trade. the index is already weakened by about .2%, leading into that. take a look at the kiwi dollar as well. see a lot of u.s. dollar strength. we saw the markets close yesterday for may 1, labor day. including key markets of hong kong, china, and singapore. trading in new zealand just underway. the futures in australia, however, also pointing lo

daybreak: europe." marketsok at where the are over in asia, waiting for a host of corporate's to report.e will get to those in just a moment. this is the picture across the asia-pacific, up .6% right now. commoditybout rising prices not hitting the equity markets just now. profits from the earnings season seemed to upset -- offset concerns about concerns about geopolitical and trade tensions. a pretty rod move higher for asian equities. 2.86% 10 year yield. that wasn't the story overnight. we had seen an increase of to 2.87%. the beigee back of book and what it said about the u.s. growth story. concerns about the flattening yield curve and the potential for an inversion of the yield curve still alive. now we have breaking news to get to. anne-marie is at the key opec meeting. while we watch commodities broadly going higher, let's get to that breaking news. manus: i'll: set the pace in news, action on out con is not likely before the first half of 2019. something the market has been preoccupied by. core earnings-per-share comes in this morning. 12.43.beating earnings-per-share, above the

daybreak: europe." anna: these are today's top stories. manus: stocking 3%. of stocks fall on the u.s. asiayield history for your high gas hits a four-year high. emmanuel macron says he wants to negotiate a new deal with iran. >> they are not going to be restarting anything. big problems, bigger than ever had before. credit suisse, accelerates as assets soar. we'll have a sit down with tidjane thiam. ♪ manus: a warm welcome to "bloomberg daybreak: europe." we have these equity markets setting up to do battle royal with a 3% target in the united states. i am talking about yields. highest since 2014. goldman sachs says this is a passing moment. we have more breaking news coming in. we are kicking it off. you have lloyd's. anna: lloyds banking group giving us their numbers this morning. mixed against the estimates. the first quarter strategy, 1.6 billion, that is ahead of the 1.3 billion as of last year. have improved. -- they have improved but against the estimates, perhaps if you look at a profit numbers, 2 billion pounds versus 2.0 8 billion -- 2.0 8 billion. this is against the estimate. 1

asia was neither surprised nor impressed. he joined david westin and alix steel on daybreak america's.we stated clearly several months ago by president xi and his senior adviser that china is going to move ahead aggressively and lifting the ownership requirements on financial services. the news last night may have added more clarity to that commitment, but it was not new news. >> i enjoyed the piece you wrote on bloomberg, and he said the west beats china more than china needs the u.s., in part because we buy stuff. i wanted to highlight that point. you let at the blueline of u.s. trade balance versus the white line, which is the u.s. personal savings rate and percentage of disposable income. can you walk us through? stephen: what a country doesn't say, i look at personal saving and government saving combined, all adjusted for depreciation. on that basis it was 1.3% of national income in the fourth quarter of last year. that is ridiculously low for a leading country. we have to borrow savings and we run this big cap and multilateral trade deficits, with 102 countries last year. china i

asia. he have seen a reaction to the chinese data within the stocks. you have the china csi down her eye around 1% at the moment. as they were talking about on daybreakwhat is interesting is the credit impulses starting to fade in china. we talked about it on this program and it is something worth paying attention to. the retail sales number looks good, particularly online, but chinese stocks are weaker. look at the rest of asia, barely budging. not much happening in the rest of asia. a very chinawe talked about it s program and it focused story. the turkish lira bid, the korean won is bid, the south african rand is bid. the dollar weakening a little bit carried the pound is reasonably strong in advance of the wage data later today. let's push this off because we were discussing this earlier. we have the potential for a bull market in aluminum. aluminum continues to trade strongly in the wake of what is happened with rusal and the sanctions story. that market given a boost by those sanctions. you may see a little red flash on your bloomberg coming up shortly. let's get a first word news update. donald trump suffered a setback as a federal judge rejec