the core business of foxconn's -- foxconn is assembly.laystation said things like this, not this is a much more capital-intensive business. it will be a challenge to integrate it, but he shows promise with the investment he made a year ago. david: peter, how would you compare this memory business with some of the other top players in the market? how important is it relatively? reporter: toshiba is number two in flash memory behind samsung. samsung is the leader in this market. the others that are below those top two, sk hynix, western digital, are a bit smaller than toshiba, so it is a very strong and good business. the japanese government has been asked to questions about whether they would be ok with a foreign bidder taking over this operation. and so far they have said they probably would, although it is very strategically important for the technology industry. they have been proud of this historically, but i think at this point there are domestic bidders that have emerged as better contenders than foxconn or some of these other compan

foxconn emerges as a front runner. lead.o our ism in new york, where snap set to price shares of its ipo at $17 each. the parent company of snapchat says it will be the biggest social media listing since twitter went public more than three years ago. shares of snap will start trading thursday on the new york stock exchange, and we will be there live. joining us as our guest host is ,avid kirkpatrick, alex barinka and in san francisco, the managing partner of good water capital. i wanted to start with you, because tomorrow the question is $17 a pop, will the shares pop? guest: it depends a lot on what the investor demand is. what we have seen is that these companies have a lot of volatility. twitter popped a lot in the face of facebook. it struggled to hold its ipo price. caroline: alex, 10 times what it is worth is what is being reported. is there enough being left on the table? alex: you have to remember that facebook had the trading day glitch as well. the oversubscription, i will cap the at-bat by saying that investors --

foxconn looking at making a deal on toshiba's memory business.have approached a company to explore the possibility of working together on a bit. all three companies declined to quote. they have yet to decide whether to launch a joint bid. battle at a chinese gas supplier may be coming to an end. sources say they rejected a proposal to oust two cofounders. a first of two meetings, they voted to keep the former ceo and coo on the board. the results of the second theing, the sun would sell chairman, is unfounded. betty: it is unanimous, traders sure the fed will hike next week. we will discuss that. ♪ >> this is "daybreak: asia," i'm yvonne man in hong kong. betty: and i am betty liu in new york. traders are certain the feds will move. b will noture that ec move. we have talked about it so much the past couple weeks. every day, imf him in an and we are talking about the latest said speaker. we have had so many fed speakers. and the rate hike went from 34%, -- 100%.t is 100% job and employment services company put out their own report two days ahead

d how would it play out if foxconn was successful?n raise cash pretty quickly and would be able to get -- it is a pretty long time line. toshiba would want to get it done as quickly as possible. that is what we are looking at right now. they would collect various expressions of interest. and at some point in the process toshiba would let it be known more clearly who they are looking for, what type of bidder. some will drop out and we will see it whittled down to final names. >> thank you, joining us live from taipei. those familiar with south believe history is repeating itself when it comes to samsung jay y. lee. it is good to see you. there is a sense of deja vu when you talk about these indictments. >> we have seen this before. there was a long history of chaebol executives from korean conglomerates. arrested, indicted, convicted. the usually do not go to jail. they quite often get pardons. to keep still do manage on running their companies. so they are quite resilient. >> is there anything different in this case? saying, we have r

has askede secretary foxconn to look into media morality and broadcasting standards if fox is allowedo buy the 61% of sky that it does not own. they said the $14 billion deal would take over. toyota upgrading a factory in the u.k. good news for the uk's post-brexit auto industry, which has seen a drop in 2015. continued access to the european market would be crucial to the future. shares in the anglo-american mining company rose 9% after an india tycoon announced plans to invest $2.5 billion in it. the chairman says he is hoping to diversify his family's firms interest into platinum and diamond's. no immediate plans for the takeover. a mining firm hopes to recover from a massive slump. >> fierce competition was a not -- was not enough to ground lufthansa. figures were published a day after the german carrier published a long-running a dispute with pilots. sunny skies on the horizon at lift hands up. at the airline beat expectations for 2016 with a net moffett of 1.70 billion euros. that is up 4.6% compared to the previous year. analysts had predicted that profits at the company would

reports from japan say foxconn may sell a stake in sharp. offered to clear the way for sharp to return to the tokyo stock exchange. they control 56 percent of the company, at the 35% must be available for public trading. sharp was to return to the first section of the tokyo exchange this year. china's political if he will reveal their economic targets on sunday at the national people's congress. for us,enzie is on this and what is on the agenda? you know about this one. the key question for many will be what policy makers say about tackling the growing pile. we know that china's debt to gdp is around 270%. we know bank assets are around 312% to gdp. we have heard them talk the talk on this. will they say anything that suggest they are prepared to walk the walk as the economy stabilizes? to that end, we look at the gdp target, 6.5% to 7% last year. will set it atey miss giving them space to that number. we will be watching for that. the deficit target, 3% last year , will they increase it to add some fiscal wiggle room as the pboc takes baby

rishaad: foxconn technology report they are close to making a deal.hree companies have declined to comment on the report. it also quote and i'm identified source onentified reaching a joint bid. haidi: softbank has been said to a stake in holdings. they would receive a percentage .f the shares from vision fund the deal is separate from the $25 billion softbank already plans to contribute. rishaad: myanmar state banks are undergoing a push to modernize the financial system. ahead of the game when it comes to innovation. .he live event theking very much on agenda, i should imagine. the agenda.y on with accessat those to banking. less than 10% of the population. we are tight about a population of 55 million people. a man running one of the biggest banks in the country joins us. you are really passionate about about banking. a country where infrastructure is not yet established. 20% have a temper sent to bank population. i think the real opportunity here is using syntec to leapfrog brick-and-mortar approaches into the banking market. 50% of the population

howie: foxconn firmed the house intelligence committee demanded prove to the committee by tomorrow. the f.b.i. and the cia officials keeps this story going. but no one has been able to point to much evidence. >> we don't know what we don't know. the white house could have a bunch of information on this. but right now we are all in conspiracy theories and what ifs. but we are not talking about jeff sessions recrucial himself. we are not talking about that scandal. this is what donald trump does so well. howie: at the same time look where he has driven it, to all this criticism about him making a charge that at least the journalistic consensus he isn't able to back up. >> in the interview with kellyanne which was interesting, we haven't heard that much from her lately. mr. know-it-all let her have her say on almost every topic. but on the wiretapping tweet she was coshe -- she was conspicuous forthcoming. howie: you are the spokesman, the counselor and the vice president of the united states. you can't go on television and say i know it's true and the president assured me. so you let

potential contenders include foxconn and others.nd on the toshiba front, black rock, the third biggest oil company, has lent out more of its shares and made a surge in short interest. ,ake a look at korean stocks dropping 1/10 of 1%. minister is finance saying the company is trying to minimize losses from issues with china. we will take a look later it consumer stocks. says -- despite the issues we see with china. we have thoseat japan gdp numbers out of the way, we will look to trade data coming from china. the strong rebound for exports in january. >> that is outlook that has been given by the survey from bloomberg. we look at 35 institutions. in forecast is for exports dollar terms to increase 14%, year-over-year. imports of 20%, year-over-year. we have to look at data from january and february. when you look at those, and accounts for the fact that there was a holiday. last february we saw a drop in shipments. we will focus on the base effect. in a report on the weekend they did say china trade continues to pick up. and bloomber

yvonne: reports from japan say foxconn may sell a small stake in sharp. nikkei news says 1% could be offered to clear the way for sharp to return to the first section of the tokyo stock exchange. 35% must be available for public trading under exchange rules. sharp wants a return this year. odds for a u.s. rate hike have jumped higher after a dovish fed governor talked up rates pugin it yellen could move the needle to furl -- to full certainty you'll see a rate hike. kathleen hays, the stakes just got higher. kathleen: they certainly have. she has to be choosing her words so carefully. you have another fed official speaking this evening in new kong,this morning in hong and that his master from the cleveland fed. she speaking to college students about leadership, so we are waiting to see if this panel is someon -- if there eager finance student listening, we want to know about the march rate hike. you're going to be our plant. we will have reporters from all over the world pestering her with questions. we will bring you whatever she says. j powell spoke ear

caroline: maybe toshiba hoping foxconn and other potential buyers are not reading your column.ne else who is viewing to do so. thank you very much. on today's funding board, jay-z is adding to his repertoire. his company is launching a startup platform called "arrive." the fund will focus on investment in early-stage startups as well as private companies. jay-z has long been interested in the tech scene having invested in it. he is also the co-owner of the music streaming service tidal. tomorrow, the former bank of england governor joins as a guest host. don't miss that conversation starting at 6:00 a.m. new york time, 11:00 in london. coming up, the fake news saga continues. it is now google snippets under fire. we will explain. this is bloomberg. ♪ caroline: the fake news saga continues. google under fire as featured snippets appear to be flawed. it comes when it continues to source to expand from a of links to a source of answers. does the tech giant need to do a crackdown on the problem? joining us from california, danny sullivan. thank you for joining us. we saw this engul

the other one of want to mention foxconn. -- it is about what is happening at the high-end housing marketch has been softening. pretax profit missing estimate, down by 33%. is the sense that we are seeing some softness there. we are continuing to see the bund yields rising. the open is next. this is bloomberg. ♪ guy: welcome. we are very close now to the open in europe. interesting stock stories to watch out for. more generally, a softening picture of european equities as we start trade in a minute or so. one, .2%.y it is fascinating to see a strong story coming through. watch out for credit agricole, foster's, angie forex -- and g4x. yields pickingnd up a little bit this morning. not a great deal. we have seen a little bit of a push higher. we will talk a lot about the fixed income story throughout the morning. let us talk about the market open and what is going on. we are expecting it to be mildly negative. here we go, right. let us see how the market makers are getting things going this morning. ftse 100, mildly negative. we are just softening up a touch at the moment. opening more neg

eventually japanese funds as well as customers like apple and foxconn might step in.9 is the final deadline for the bid, so in the next three days, we should start seeing some numbers. betty: pablo, thank you so much in tokyo on toshiba's troubles. if on will be live from the asian investment conference in hong kong, where she is joined by credit suisse's ceo to discuss the cost-cutting plans and concerns on brexit. this is bloomberg. ♪ more news coming out from china southern, commit confirming american airlines will pay almost 200 million dollars for a piece of the chinese carrier. 1.55can airlines paying hong kong dollars issuing eight h-shares for that. theres a flight premium that american airlines will be paying for those shares which 1.5 hong kong dollars, around 200 million u.s. dollars. it is the second day of the credit suisse asian investment conference where yvonne is standing by with us. right. yvonne: that's quiet a turnaround for credit suisse now in year two of its cost-cutting strategy. facingseeing some cost-cutting. i am they pleased to be joined .i

foxconn now confirming a strong forfor the chip business toshiba. not unit.g its tec .ut to sell south korean airlines flat at the moment. the low-cost carrier over in south korea suspending some flights on worsening ties with china. it comesalk about when to the markets. those are your individual movers for the day. a lot of risk appetite -- not a lot of risk appetite out there. yvonne: thank you. senior officials in beijing say the economy has shown improvement in the first two months of the year, striking a more optimistic town than that of the premier li keqiang. tom mackenzie joins us live from beijing, so less risk of a hard landing then? it seems like a more far off and distant prospect. economic officials have a spring in their step over this npc when it comes to the economy. theeard from the head of national bureau of statistics over the weekend. to two areas, industrial output he said had risen by 6% in january and february, and the services sector they want to grow in china, up 8%, or than 8% in january and february. if you tied those dat