betty: much more ahead on daybreak asia.we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get up to 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and see how you could save $400 or more a year. xfinity mobile. it's a new kind of network designed to save you money. click, call, or visit an xfinity store today. i am yvonne man in hong kong. yvonne: first word news with paul allen. betty: paul? paul: a white house economists as described the first day as fairly positive. however, the real test will be china's ability to deliver. it is the first public update on closed door discussions between president trump's economic team and chinese officials. powerful dust and rainstorms have killed more than 100 people as it swept through parts of northern india. the strong storm brought down

welcome to "bloomberg daybreak: asia." asian stocks headed for a mixed start as the fed delivers a bloomberg's asian hawkish hold. signaling inflation rising above 2%, remaining on track for gradual hikes this year. york, wherein new it is just after 7:00 p.m. this wednesday. ing not to submit to u.s. threats. elon musk says tesla should generate cash on profit in the second half as model three production accelerates. ♪ yvonne: shares of tesla falling on a weird conference call that elon musk just held, which we will talk about in a moment. what isn't falling is inflation, it seems. we got some indications in the fed statement they might let inflation run hot. that seemed to spook the markets. i want to pull up this chart that shows where expectations appear to be headed according to the markets. the five year treasury yield, the forward rate even, they are merging with the price of wti crude. expectations are oil prices will perhaps be driving some of those inflation expectations. it looks like the markets might be agreei

this is "daybreak asia."tty liu in new york. david: i am giving less in hong kong. look at these new global shipping regulations, will support the price of oil for two years? $90 in 2020. lower sulfur levels, fuel, of january of that year. triggering the need for more crude. prices are at the highest level since 2014 as global supply continues to tighten. told mitsuiberg well take part in a wind farm. bloomberg says the project is still in the planning stages and u.s. --uire $1.8 billion u.s. dollars. david: an event for online merchants. they aim to connect retailers with hundreds of chinese manufacturers, to sell directly to american and european customers. it is part of the efforts to evolve from an e-commerce platform to a global logistics operation. taking charge of the remaining business after selling most of its assets to disney. the 46-year-old will assume the roles as a ceo and chairman, in the company referred to as new fox. 's younger brother james was not mentioned in the company statement. david:

this is "daybreak asia."ty: after that backlash from some of his supporters, president trump says he is not happy with the result of u.s.-china trade. has more.ays let's start with of the changing of the tune here with zte. what is going on? kathleen: the trade talks the u.s. team goes to china, the chinese team goes to the u.s. alla cuts auto imports, foreign cars into china. beingks like progress is made. president trump says, yes, he is reconsidering those u.s. penalties on telecom giant zte, that shut down the business. violated the iran and north korea sanctions, selling goods to them. that is what it is about. president trump said, president xi asked me to look at it, it is hurting american companies. now what we may demand is that zte get a new board of directors, we put a big fine on them, up to $1.3 billion. meanwhile, republicans and democrats are pushing back on this. inco rubio tweeted out response to a wall street journal story, suggesting this is in the offing. if this is true, the ministration

welcome to "daybreak asia." stocks rebound along with treasury yields as investors reassess the reaction to gridlock in italy. set toacific markets extend wall street's advance. all signaling gains. global bloomberg's headquarters, i am ramy inocencio in new york. wilbur ross attacks what he calls slow and rigid institutions. he says the wto causes the u.s. great concern. beijing trade flows with washington, saying their flip-flops are hurting credibility. some breaking eco-data crossing the bloomberg. we are looking at south korea and its industrial production numbers. the actual number that came out, better than expected, 3.4%. the survey we told -- took for bloomberg was 0.9%. this was against the prior month, -2.5%. the fifth out of six down months on a year on year basis. in theseeing a good clip positive relative to the past half year. industrial production year on year came in better than expected, 0.9%. -0.4%.vey was better numbers after the seasonal distortions, the lunar new year. export growth was str

you are watching "daybreak asia ."et first word news with jessica summers. >> italy may face new elections as soon as july. that is after the prime minister cottarelli left the meeting with the president without an agreement. he will be meeting sergio mattarella later. it could force the president to dissolve parliament and call elections within 60 days. are calling for a new vote as soon as possible. israel has released pictures of air strikes in gaza, following a barrage of mortar shells fired over the border. arming --ry says the bombing was the heaviest since the war of 2014. israel says no one was hurt and most of the mortars were intercepted. they had killed more than 100 palestinian protesters. tony fernandez under investigation in india for allegedly paying bribes. we are told the central bureau of investigation named him and other officials in the inquiry. they say fernandez and others paid officials to gain influence. they denied any wrongdoing and said they are cooperating with authorities. abc has canceled

more ahead on daybreak asia.plenty more ahead in the next hour of "daybreak asia." we returned to the jpmorgan global summit in beijing. that is coming up in 15 minutes from now. betty: plus, the outlook for a start up with a former jpmorgan chairman. 8:40 hong kong time. this is bloomberg. ♪ ♪ ♪ 8:00 a.m. in hong kong, we are live in bloomberg's headquarters. i'm your yvonne man for your welcome to "bloomberg asia." asia's market start to call the run iran nuclear deal. food prices rebound on the decision. the u.s. is giving allies 180 days to get out of the oil deal. betty: from bloomberg's global headquarters, i'm betty liu, it's just after 8:00 p.m.. jay powell says markets gotten the message on the fed' rate hike pasts and there shouldn't be any surprises. asia's -- malaysia's election, we are going to be live. ♪ yvonne: we are watching the oil price after this pullout of the iran deal. also pulling out, the election happening. polls just opening at the top of the hour. we have to think -- he has to think pr

this is "daybreak: asia."de dominated the global market conversation ever since president trump announced tariffs on steel and aluminum imports into the u.s. the world waiting to see if his first rhetoric is more substantial than symbolic. .et's bring in john he joins us in our hong kong studio. good to see you. we are excited to have you. perhaps the darkest cloud looming over markets in asia. how much do you attribute it -- to these trade tensions? >> when you look back the pass-through months, the market went down in march and came back up in april. one story was the interest rate expectation. the fed expected to raise rates two times in 2018 and perhaps three more in 2019. the other factor was the trump trade war against china. this is something that we --itor quite -- quote closely. there are many possibilities and one of them could be a disastrous scenario. i would caution investors not to extrapolate this than area into . -- the scenario that would not be a wise move. yvonne: the demands are so high rig

this is daybreak asia. i am betty lou in new york.re ing -- ingles hong kong. richard is here for the key things to follow. he talked about oil prices and how the pressures are at the moment. can we sustain our prices? there is also that cap. shell would kick in and we would actually see was applied at some point? oil and moving on to all think straight with the representative from bearings. trade negotiations are taking place there. positive things coming out of beijing in regards to trade with the united states. he will be talking about the significance of how this pending move of china's equities is playing out. concluding with what opportunities they actually see. betty: before we head over to market it asia, to go look at how the markets are trading right now. of course, the focus is on japan after the inflation numbers have come through. the nikkei is up about 3.4%. the cosby is rebounding after the losses that we have heat -- seen here in the united states. market coverage continues next. david: standby for bloomberg markets. t

welcome to "daybreak asia."d along with treasury yields as investors reassess the reaction to gridlock in italy. set toacific markets extend wall street's advance. all signaling gains. global bloomberg's headquarters, i am ramy inocencio in new york. wilbur ross attacks what he calls slow and rigid institutions. he says the wto causes the u.s. great concern. beijing trade flows

onnty more to come "bloomberg daybreak: asia."♪ betty: a quick check of the latest headlines. deutsche bank is considering cutting as many as 10,000 jobs in a sweeping overall of the new ceo. they are also said to be retreating from global equities market. we are told they are reducing their presence in the u.s., central europe and africa. being accusedis of deception. allegedly statements from elon musk have made tesla owners believe the car is capable of driving itself. keep the says they have to their eyes on the road and their hands on the wheel at all times. betty: apple is to reimburse users for people who played -- paid full price for battery replacements. the deal applies to work carried and covers iphone 6 and later. eligible customers will receive a mail confirmation by the end of july. this is bloomberg. ♪ yvonne: we are half away -- half an hour away from singapore trading. gdp is growing at a faster pace in the first quarter than anticipated. betty: you are watching "bloomberg daybreak: asia." let's get to the first w

team into daybreak asia, 6:00 a.m. hong kong time and 6 p.m. in sydney. daybreak betty: i am betty liu in new york. yvonne: and i am yvonne man in hong kong. let us take a look at what is coming up next, rishaad, what are you watching. have a look atl what is happening to the strength of the dollar of late, and we tame cpi numbers, will look at some of the more vulnerable emerging markets. we will also talk about the situation in malaysia which has been dominating headlines after the shock result by mahathir mohammed. we will get insights from a banking director. and also, what about the state of banks in hong kong? we will be talking about that, our next guest saying that they could be weakened by the growing linkages between mainland china kong.ng sourness guest will be joining us at 9:40 hong kong time. betty: a lot on the agenda this friday, it has certainly been a. is a week before we head over to bloomberg markets: asia, let us get a look at how markets are trading right now after the rally today here. that japan nikkei adding 200 points, the korean

welcome to "bloomberg daybreak: asia." top stories, president trump cancels the north korean summit and says the u.s. military is ready for anything. a moresident used traditional form a message to convey his message, saying he still hopes to meet kim someday. betty: it is just after 7:00 p.m. in new york. gold stock has gained in a month and yen is rallying. as unlikely as it seems, amazon tries to explain how alexa reported a couples words and kept their conversation on. we wake up over there in asia with some new headlines coming out of north korea. but now instead of rattling the cages, it seems to be more muted. and saying they are willing now to talk with the united states, almost like it seems on their terms, saying the trump summit relationship is unexpected and they wished the trump model could resolve issues and that there is no change in north korea's attitudes toward peace. yvonne: there is concern if this would ignite pyongyang to do more missile testing after a six-month pause. it seems like they are taking c

. ♪ yvonne: this is "bloomberg daybreak: asia." european union and is were is warning of growing market uncertainty after the steel and aluminum tariffs are postponed for another month. greg a, we weren't highly anticipating this announcement of who was going to get released. why did the president postpone the tariffs? greg: the administration announced to policies. they temporarily delayed the and steel. aluminum they also said they were lifting the levy for australia, argentina, and brazil. the white house did not say why they were temporarily extending the delay. said thatabee sanders the white house saw progress and they just needed more time. so perhaps they are trying to use it as a negotiating technique and some of the other things that are going on right now on the trade front. that remains unclear. there are a lot of questions. what about the international response? greg: the first thing to note is that every country is seeking a permanent exemption from the levees. nobody wants the levees on steel and aluminum, especially

this is "daybreak: asia."bout 11 days we have more than 200 chinese you shares joining the market index -- chinese shares joining the market index. open.esult of that small joining us to talk more about this is mark austin. thank you for coming on the program. there is a lot to be excited over. misguidedt be some excitement or optimism. there is a huge amount of excitement because this is the first that of creating a huge amount of momentum equities. ofs really brings in a lot passes money. you mentioned what we are seeing at the beginning. starts only about 5% to with. ultimately, china will go up to 100% inclusion in that index area and that will bring a huge amount of money in. challenge will be over the years to come to take the necessary reforms around stock suspension, to be able to allow that money to come in. i think you are seeing a big shift. was do not position invest in china around the world three years ago. there are still reforms that need to be taken. now the default position is shifting. wheth

betty: this is daybreak: asia.uations are now more attractive in emerging-market credit fx. the may -- the latest catalyst is em performance was due for repositioning. thank you for joining us. dollar rally seems to be spattering. oil prices are hovering around the $71 barrel mark. do think the worst is over for em? >> we are forecasting now dollar to resume its bears strength. bearishbearish -- its strenght. yvonne: you are saying we are not seeing in thing more sinister? >> we did get some downsizing your data. the whole thing began from the fact that the dollar began to appreciate against the euro. at the same time, there was protectionism risks in em, some idiot centric -- some idiosyncratic issues that cause a correction. the fundamental trend of dollar appreciation will return concern. betty: you also tweaked it back in 2016. now when you assess the risks in the developing world, is it time to region that -- to rejib that? >> we think the em story on a broader basis is fine. we approach into managed. line, th

welcome to daybreak asia. mahathir mohamad leads malaysia to a stunning victory, the biggest powershift since independence. the result will add the nervousness in emerging markets. eps tumbling along with ringgit. >> i am betty liu in new york, it is after 7:00 p.m. wednesday. they are focused on the sprint sale and masayoshi son's vision fund. ceore joined live by uber's dara to talk about flying cars. malaysia's opposition party flying high after the elections, that stunning victory. i want to point out this gtv chart that shows you the biggest etf holding, malaysian shares, and how it reacted to this news, which means more uncharted political territory. it is uncertain what will happen in the future. all bets were that najib razak would secure another term. msci plunging on the news. markets are closed until monday, so we will see how investors really react to this. yvonne: it will have further implications to em. already a lot of uncertainty with the rise of dollar and yields. now you add political risk on

. ♪ ♪ .vonne: this is "daybreak asia "i am yvonne man in hong kong. in am remy innocence new york. wall street fell the most in three weeks. investors are concerned about a lot of things -- trade tensions, growth, geopolitics, as well as rising interest rates. let's head to los angeles and bring in kirk hartman, global cio at wells fargo. good to have you here. i want to get your initial reaction with regards to what is happening with the yield, 3.09% is as high as it got for the u.s. tenure. insaw a little o -- rout equities. is this a sign of a healthy market course correcting? irk: i am not surprised, called this the year of contradictions and volatility. i expected we would test 3% this year for a couple reasons. one, inflation data is it sticking up somewhat. you also have a tremendous amount of supply in the market. i think what is interesting is that add-on affect of the stronger dollar and what that is going to mean. contradictions and crosscurrents in this market. ramy: one thing i am interested in in your note, your optimistic on the front a

more ahead on daybreak asia. this is bloomberg. ♪ yvonne: this is daybreak asia. i'm yvonne man. the next hour, of course, we continue the conversation on markets, oil specifically. he's not sold on saudi arabia, hinting at raising production. yvonne: interesting call on brent crude. we'll ask him about that here before that currency news, the impact of political uncertainty in europe. strategyave the fx manager coming up in the next few minutes. this is bloomberg. ♪ dave: it is 8 a.m. in hong kong. yvonne: the top stories this tuesday. aia pacific markets of face lower open as risk appetite drains away. oil has the longest run of losses in three months. the latestirssors is to form a government italy. popular say that will bring him down. yvonne: qualcomm -- approval hinges on z.t.e.'s fortunes in america. dave: another day, another summit. trump to meet abe ahead of historic talks with north korea. for the time being, they are still on. the geopolitics and korea looking more favorable. europe is, too. the contagion coming through. the euro faltering once again. basically erasin

yvonne: this is daybreak asia. betty: i'm betty liu in new york.., surging in the cheering the talks with u.s. and china. despite the recent tension. i want to bring in jose rasco. thank you for joining us. are you trading at all or investing at all, based on are week in a trade war or not with china? scenario best kiss that's best case scenario would be cooler heads prevail. clearly, china is in the middle of this secular boom that will last another 10-20 years before they are back to the level to where they want to be in terms of growth and per capita income, so we will see this or these generations fluctuate, but the key thing is we need each other. it is a very inclusive world today and to have a trade war makes no sense. betty: ok, so when you wake up every morning, what would you say is the top issue on your mind, treasury yields, economic growth, is it earnings, what is it? jose: uncertainty in markets. with the the fundamentals are solid in the u.s., we are comfortable with the u.s. economy, and comfortable with asia, selectively. betty: wh

betty: this is "daybreak asia," i'm betty liu in new york. yvonne: i am yvonne man in hong kong. let's of the business flash headlines. t-mobile and sprint have stated their case for a merger. john ledger and marcelo clarity laid out the tire based on the announcement the company presented on april 29. it needs approval from the fcc and must clear antitrust hurdles at the justice department. the proposed merger four years ago was rejected. goldman sachs to pay about $110 million to resolve claims that foreign trade exchangers improperly shared information about client orders in rooms.nic chat the bank will pay roughly 50 family dollars each to new york's department of financial services and the federal reserve board. they will also provide regulators with a plan to improve internal control and compliance. betty: wednesday sees a big expansion in china's stock connect with hong kong. investors predicting greater volumes through the gateway. this up on quota will instinct to the equivalent of 7 billion

plenty more to come on daybreak asia.his is bloomberg. ♪ yvonne: the latest business flash headlines, qualcomm is reported to be meeting regulators in clearance for its pursuit of an xp. reuters says they will talk to beijing before wilbur ross arise for trade negotiations next weekend. qualcomm says it is cautiously optimistic the merger will gain approval. david: some of china's biggest tech names are buying into what promises to be the mainland biggest ipo of the year so far. we are hearing from affiliates alibaba and tencent investing in the company. it says they are spending the equivalent of $2.15 u.s. a share on 20 million shares ahead of the upcoming shanghai listing. still ahead, central bankers around the world are calling for independence from politics with fed chair jay powell leading the charge. more on what was said, coming up. 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 room

this is bloomberg. ♪ betty: this is daybreak asia.sident she shipping top economic was plans and onel washington, the increment to keep talking and trump has the did to impose tariffs on 150 billion dollars of chinese goods after a public nds there this e month, and we look at china's trade numbers in the focus given these trade tensions. chief chinas economist at citigroup. interesting -- the u.s. approach is all sticks and no carrots. ite? china b >> the talk was too demanding and china what accept the list given, but there are a lot of places both countries can talk more terms of market access and that the protection. more importantly, making china 2025, all of these areas, there is wiggling room for both sides to have some constructive talks. access,ple, market china in november last year had more or less committed to open up its market wider for u.s. firms, especially in terms of airplane purchases, beef, committedand china is to opening up its financial services perform participation. goodis area, everything is , the u.s. should

this is bloomberg. ♪ betty: this is "daybreak: asia." chinese shares to its indices, forcing international retirement to buy them for the first time. a symbolic win for china as it opens up its financial market. joining us is the head of research in hong kong. thank you for joining us. your thoughts on these 234 stocks? you seem a little mixed. it is in the portfolio are ready. you see the big amount going to china. somethinglready doing . they know that. impact.why you see the china will open up more. i think that will be more of an impact on the index. do not expect too much from that. --ty: we have to wait yvonne: we have to wait for about a year. i want to talk about this chart that you mentioned. you have seen this share premium has narrowed down from what we have seen in the last couple years. you take a little bit of the evaluations on the market. is still there. do think that is a good entry point right now for people to start raising their interest level in the market? benchyou really have to the msci, there is time to buy more

welcome to "bloomberg daybreak: asia."headed for a mixed start as the fed delivers a bloomberg's asian hawkish hold. signaling inflation rising above 2%, remaining on track for gradual hikes this year. york, wherein new it is just after 7:00 p.m. this wednesday. ing not to submit to u.s. threats. elon musk says tesla should generate

on the font, welcome to "bloomberg daybreak: asia." y, asia-pacific markets, ever decline amid rising tensions that the s&p 500 fell for the fourth time and investors had for safety. tariffs are to blame. america's closest allies say they will buy back of it -- back. >> and from bloomberg's other quarters, i'm ramy inocencio. day fors a very big investors in china. more than 200 large stocks emerging market index. >> some heavy day-to-day in korea. breaking numbers coming through soul -- sol. .3.5% this is coming off of a negative number that we saw the previous month. it is leading expectations and a 10.5% from economists. 12 point 6%.ll, economists thought it was a 10% one, lower than what we have seen, but this is half of gdp exports, this is really going to feed into growth here. we had those city numbers for the first quarter. we were waiting for the export numbers and in the last hour, gdp coming just on par with estimates. as you mentioned, they are trailing a little. the interesting to see how impact is moving ahead. the survey

welcome to "bloomberg daybreak: asia."es, president trump cancels the north korean summit and says the u.s. military is ready for anything. a moresident used traditional form a message to convey his message, saying he still hopes to meet kim someday. betty: it is just after 7:00 p.m. in new york. gold stock has gained in a month and yen is rallying. as unlikely as it seems, amazon tries to explain how alexa

welcome to daybreak asia.hamad leads malaysia to a stunning victory, the biggest powershift since independence. the result will add the nervousness in emerging markets. eps tumbling along with ringgit. >> i am betty liu in new york, it is after 7:00 p.m. wednesday. they are focused on the sprint sale and masayoshi son's

coming up, on daybreak asia, an exclusive interview with federal reserve bank of st.uis james bullard at midnight u.k. time. that, you don't want to miss. this is bloomberg. ♪ ♪ welcome back, this is the european open. 15 minutes to go until the start of the open. this has been a week characterized by political risk. italy, a president under fire has been set to be ready to replace the stand in with the original choice, if the two populist parties can revive coalition talks. --the next few minutes, it's the spanish parliament will begin to debate a vote of no-confidence on their prime minister. we bring you the headlines as they happen. they tell bloomberg that the socialists are close to securing the backing needed to oust him. let's get to our reporters on the ground. annamarie, i going to kick it off with you. the saga has been breathtaking, what is the latest? >> the latest is that sell holds all theni cards. we are hearing he might swap the foreign minister -- the commerce minister to the foreign minister. we could see a populist government as soon as today. but

welcome to "daybreak: asia." markets are set to meander.ion puts a trade war on hold. that will come as some relief for investors. betty: i'm betty liu in new york where it is just after 7:00 p.m. evening. president trump to note the obama administration infiltrated his campaign team. the remaking of malaysia.

aidi: daybreak asia.g a look at what's going on. >> we're not whiskey con sources but perhaps you might have more to add on that. >> i dabble in whiskey. but it's quite early. but you know what, just in the contexts of marks you need more liquid investments looking at financial conditions tighting up there. that's a very bad joke. alicia's coming on the show. she'll receive global markets asia. she overseas pan-say sha to talk about tencent. one question for her. how is the street getting tencent wrong every single time? lots of things to talk about, of course, as we unpack the result from tencent. >> we're unpacking tim packet of rising yield on emerging marketings. jaguar growth partner gary aribrand who has made he isier informsing. does he agree with some of the dire scenarios as outlined by carmen reinhart. >> there' a type we can alleviate that somewhat was ea as we look into the implications. he's there today. tomorrow, going into the end of the week. and also why he says cutting china's u.s. treas

welcome to "daybreak asia." the latest fed minutes show a rate hike is soon.uch a bad thing. policymakers are in no hurry to pace of hikes, the dollar rising again. betty: i am betty liu in new york, where it is just after 7:00 p.m. wednesday evening. trumptensions are back as waits tariffs on cars. washington eases demand on north korea,

that is it from "daybreak: australia." asia." "daybreak: this is bloomberg. ♪ >> 7:00 a.m.g. we are live from bloomberg's asian headquarters. i am yvonne man. welcome to "bloomberg daybreak: asia." stocks off to a mixed start after wall street sputters out. investors weighing u.s. job numbers. watching day two of trade talks in beijing. the white house sees a positive start to negotiations. from bloomberg's global headquarters, i am a betty liu. president trump changing his story on stormy daniels, admitting he did repay hush money but saying it was legal. why a spending spree

asia starting today. that is it for "daybreak: australia," the yvonne and remy are up next for "daybreak: asia." the federal reserve bank president characterizes himself as one of the most cautious members of the committee. he is speaking this week about how he thinks the fed should go slowly or not at all on raising rates. yes had concerns when it comes to inflation expectations. he says it is still quite low and the yield curve flattening, if it inverts, sending a bad signal o whether we will see a recession in the u.s. remy: a lot to speak with for sure. an hour from now, we will talk even more about the ms the eye inclusion, with ubs head of china inclusion. aboutay it is all symbolism because it only counts for about 0.4% of the index. with that said, this is a very big day. haidi: a very big day indeed. we will take a look at the market reaction as china and hong kong get online. "daybreak: australia that is it fo -- that is it for "daybreak: australia." this is bloomberg. ♪ yvonne: it is 7:00 a.m. here in hong kong. i am yvonne man and welcome to "daybreak asia." asian-pacific markets set

daybreak asia is next. that is it for daybreak australia.this is bloomberg. ♪ yvonne: 7:00 a.m. here in hong kong, live from bloomberg's asian headquarters. i'm yvonne man. david: our top stories, off-again, on-again. president trump says the kim summit should go ahead next month. yvonne: his comments following a second meeting between kim and president moon jae-in. all sides say they are preparing for singapore. david: the white house plans for a dte. facebook pushback from congress. marco rubio says there is widespread opposition. yvonne: jay powell make the declaration of central bank independence. he says policymakers are under growing government pressure.

yvonne fortdave and "daybreak asia.", not a great deal of direction given that we had the u.s. markets closed on memorial day. right across asia, we have the public holiday. liquidity is going to be thin on the ground, but of course, watching oil is a major story. this is bloomberg. ♪ yvonne: it is 7:00 a.m. in hong kong. we are live from bloomberg's asian headquarters. i am yvonne man. dave: i'm david man. form, making an attempt to a government. mr. scissors is put forward, but populist parties say they will bring him down. yvonne: trump is to meet shinzo abe ahead of talks with north korea. reignseopolitics supreme. yvonne: the world of social value investing. we discussed the role of business in society with warren buffett's grandson. ♪

welcome to "daybreak asia." top stories, asian stocks headed for a big open.after president trump pulls the u.s. out of the iran deal. allies regret the decision to reimpose sanctions. betty: from bloomberg's global headquarters i am betty liu in new york. the u.s. and china in a heated wto clash on trade. saying beijing is acting like alice in wan

in hong kong, we are live from bloomberg's asian headquarters, welcome to "daybreak: asia." trump officials say the u.s. is ready to invest but only when the nukes have gone. president trump does an about turn on china. he is going to help the t stay afloat. betty: i'm in new york, it is after 7:00 p.m. on sunday. malaysia sales in uncharted waters. economy corruption, missing money top on the list.

plenty more to come on daybreak asia next. this is bloomberg. ♪ i erg. ♪ a.m. in hong kong. making headlines. returning from beijing with little to show. u.s. aboutthe historic regret if it decides to pull out of the 2015 nuclear deal. betty: i'm betty liu. a heads scratcher for the fed. unemployment falling to 18 year lows. policy and succession at berkir

this is bloomberg. ♪ yvonne: i am yvonne man, welcome to "daybreak asia."es this friday, positive after wall street's rally to a seven-week high. see you in singapore, president trump confirms the summit with kim jong-un will happen in the lion city on june 12. in newi am betty liu york, after 7:00 p.m. thursday. focus on the economy, mahathir mohamad promising a business-friendly malaysian government. many heads roll after the 1mdb scan

fori: that is just about it daybreak this morning, but up next is "daybreak asia." yes, we are talking more about the u.s. and china. there has been a break i guess you could say protect superiority. who has the most unicorns, we've asked that question. robert hillard joining us in a couple minutes time, he has been excited about the private tech companies coming into the public markets. tencent music is one of them. and what excites investors at this stage, because you take a look at the performance of the tech companies in hong kong and bit ago, good doctor, china lit, they have all been well offered. they have had the initial buzz since their listing. is it a sign of exhaustion or what? betty: that is a lot of ipos committed the market, becoming a more credit market. the private banking chief investment strategist has a rasco will be joining us. yvonne: he said his first and favorite place to invest is in asia. quite bullish. inflation there is watching, that is a trend he continues to monitor very closely, as i am sure the fed officials are as well, as we have h

plenty to look forward to in bloomberg daybreak asia. that is all coming up next.omberg. ♪ we're live from bloomberg's asian headquarters. welcome. the top stories, pacific it equity is set to gain after trade resumes after mayday. treasuries fell. apple is hopping after hours and what they describe as a sensational quarter. are $61 billion. are $61 billion. arey: and snapchat chairs stumbling. users did not like the new

yvonne and ramy up next on daybreak asia. what are you watching?e watching the gdp numbers from japan in the first quarter in the next hour. we are expecting a soft patch, contraction in the economy for the first time in two years, but a lot of economists saying this is down because of weak household spending and some unusual weather we have seen. we are also going to get a little bit of market reaction from wells fargo asset management global cio kirk hartman. this is bloomberg. ♪ mr. elliot, what's your wifi password? wifi? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. hey! let's basement. [ grunting ] and thanks to these xfi pods, the signal reaches down here too. so sophie, i have an xfi password. and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. yvonne: 7:00 a.m. here in hong kong. we are live from bloomberg's asian headquarters. i am yvonne man. wall street's biggest fall in three weeks, said the heard asia. yields at the

yvonne and dave coming up with daybreak asia. watching?is fallout from italy, of course. yvonne: fallout from italy, a lot of questions about em and japan as well. we have a great guest. paul joining us from snp. economist,ourse, the one of the big global ones we have been talking to about what is to come when it comes to em, also with what is going on in italy. he says it is actually quite significant and perhaps has a whif about we saw during the european sovereign also with what is going on in debt crisis in 2011 and 2012. dave, you're watching a lot about what is going on on the italy front. david: absolutely. we are in for a proper update for the markets in the asia-pacific. we will try to unpack the politics and see where we go from here. jeff joins us right at the top to talk about that. he essentially thinks elections might be about three to four months away and we might get -- will be in charge of the economy. we will see whether that is a good thing. and what would be a scenario wherein you have the two populist parties may be lo

we have daybreak asia up next. chinese shares going global.r a-shares now included in the msci emerging market index. the impact could be mild at first. with theo through managing director for cbe. there is more than expected money flowing into a-shares, but before shares jump in sustained, it will be a challenge given the fact they are relatively more expensive than the h-share market, but there are some names outside the h-share market that could be interesting as well. betty: we will get the reaction to this msci news with the voya investment cio and how he is pricing in geopolitical risks we keep discussing on the program, u.s. china trade tensions, the u.s. backing out of the iran nuclear deal, and also on one positive side the upcoming meeting between the u.s. and north korea, so we will be pricing how all that risk is being watched in these markets. the mosty be one of complex issues is how to price for all these uncertainties. china data dump day, industrial production, retail sales due out in the next few hours. we will speak to stand

yvonna and betty next with daybreak asia. taking a look at what is coming up in the next few hours.eopolitics coming from the president, casting doubt this singapore summit will happen. we are talking to a north korean researcher and talking more about what is to come. she says it is a long road ahead to june 12. there are still a lot of differences in the meeting between north korea and the u.s. she says the likelihood of talking down these nukes could be a tough sell when it comes to kim jong-un. betty: we will talk about that with michael, eurasia group asia director. he will be discussing u.s.-china trade talks. he says the u.s. demands are vague at best but believes the deal will happen between the two. haidi: trade and geopolitics, two topics the markets continue to grapple with. all the news on bloomberg asia next. this is bloomberg. ♪ yvonne: it is 7:00 a.m. here in hong kong. we are live from bloomberg's asian headquarters. the top story this wednesday, asian-pacific markets had for a lower open after wall street fell on north korea. president trump says the kim summit may

this is daybreak markets asia. ♪ david: crude prices rising in the asian session, after trump scrappinghe iran deal. they have 180 days to get out. haidi: voting is underway in malaysia after the prime seeks to continue 61 years unbroken power. david: plus, barking dogs and alice in wonderland. a bitter war of words. i am stephen engle in beijing with continuing exclusive coverage of the jpmorgan china summit. about the ongoing u.s.-china trade spat and the ramifications on the global market and the economy from trump's pulling out from the iranian nuclear deal. david: lots of stories coming out. the oil story. you also have live pictures. we will be getting those about this trilateral meeting, shinzo abe, moon jae-in and the chinese talks., li keqiang, for is could make the argument ahead of a big summit with donald trump and kim jong-un. just looking at live pictures in japan where the leaders are. 43.lar-yen at 109. the philippine trade story should be out at any time. we will get an idea later on when it does come out. this: just watching dialogue going on with li keqiang and prime

daybreak australia." you shows coming up next. asia with yvonne and betty. ♪ yvonne: 7:00 a.m. live from bloomberg's asian headquarters. welcome to "daybreak australia." the top stories this tuesday, nuclear options. president trump to announce the decision on tuesday as allies make their final pitches to fix that. stocks also paring gains as investors try to read the president's mind. betty: i am betty liu in new york, where it is just after 7:00 p.m. on this monday. china's top economic advisor to visit washington next week for another round of terror talks.

daybreak australia". is just after 6:00 p.m. in new york and over the next hour will look at how the action on wall street is going to play in the asia-pacific trading day. is quite a long time since we talked about oil prices, and that is affecting the markets. mentioned at the top that president trump is going to make his decision and announcement at 2:00 tomorrow that sent crude oil prices back below the $70 a barrel level. you can see we are hovering brent crude and trading at $76 commitment is interesting to see the takedown of u.s. stocks as well.

daybreak." ♪ manus: a shot of hong kong. msci asia-pacific. stocks have managed to pick themselves up.th korea and hong kong are closed in honor of buddha's birthday. let's talk about mark carney. he is wondering if less is more. hasbank of england governor seen his input on interest rates by a number of signposted policy shifts. he speaks today in front of lawmakers after 10 a.m. london time on recent inflation reports. hermes --ry looks at works at hermes investment management. some people will say that mark carney is the unreliable boyfriend. it is getting more difficult for carney every time he turns around. ew: carney might say, if parliament gets their act together, it could make his job easier. he will always be hostage to regardingts, well-planned interest rate policy in the short-term. he wants to put interest rates up. he wants to move to a more normal situation on interest rates. i doubt that any central banker wants to be going into a recession when there is a domestic or global one with great at such a low level. -- with rates at such a low level. given what the u.k. faces