haidi: i'm haidi lun. betty: i'm betty. the dollar comes back after today's of decline, but continuing trade tensions may push it lower again. bradscuss all of this with . let's talk about the dollar year. it has been on a significant downtrend. if you see anything -- do you see anything changing this course? >> there are a lot of fundamentals that are good for the dollar. the u.s. that is hiking rates because of the underlying support from an interest rate perspective. stimulus is coming down in the form of taxes from trump. those are positives. at the same time, we have escalating trade tensions. intoeally rolling over affects, too much, but depressing the dollar a little bit. to the extent other currencies are rallying more than the dollar otherwise might. betty: like the yen? like the yen and emerging markets. it is a repricing of expectations for those banks. betty: what would fed raising rates be supportive of the dollar? they have been doing so but the dollar is declining. brad: you're right about that. at some point

haidi: beijing's u.s.mbassador calling the white house to cease and desist and china isn't afraid and will defend itself. betty: stocks dropping the most in six weeks on the news that fed ex is a early loser due to its strong presence in asia. haidi: from city we are just have to and :00 in the morning -- it is just after 9:00 in the morning. betty: and it is just past 6:00 in new york and will play out how to date is in trading, president trump going to implement $50 billion in punitive tariffs on china. the markets took it on the chin, down the most in six weeks. 15 days now for u.s. trade representative's office to come up with exactly what are the products that are going to be headed with these tariffs. fedex mentioned earlier, is a early loser at the dow losing 700 points on this news and setting up for a losing day and asia. haidi: what i found interesting is so many strategist we spoke to send the market can rush -- brush this off, and they are not going to become addict and go back to the fed, but

haidi: i am haidi lun in sydney.he pboc, an official talking about bond trading, saying the central bank may open repo trading to foreigners under the bond connect and studying rules when it comes to financial derivatives. when it comes to the bond ,onnect launched in july eligible institution investors in hong kong and overseas are allowed to be involved in that, but it looks like there is further opening up to calm. rishaad: a bit of a further draining. open market operations as they study derivatives trading as well for bond connect. this is coming through from the bank of china. against this backdrop of asia remaining a growth favorite for business and investors, even if tensions between washington and beijing escalate into a full-blown trade war. singapore'ss what economic development board has been saying. the chairman telling bloomberg it is just a spat and can't be called war just yet. >> i really think it is too early to call. there are reports emerging that the u.s. and chinese government is engaging in qui

this is bloomberg. ♪ ♪ haidi: i'm haidi lead in sydney.m betty -- a check of the earning stories at this hour, the biggest refiner will play a record high dividend after a jump in employer profits. 8.8me climbed almost 10% to -- $8.1 billion. this is the most expensive listing. sinopec flag $3.5 billion in impairment, mostly in upstream operations where it is sweet -- shifting to natural gas. haidi: china's biggest coal miner has reported their highest 2012, and the government's job to rein in overcapacity helped. the net income rose to $6 billion from $3 billion a year ago. coal prices climbed last year as china attacked overcapacity by restricting imports. betty: office equipment maker ricoh has cast a four-year long $1.6 billion after taking impairment charges. they said they would break even $96 million.expect ricoh has struggled to grow revenue. they cut more than 3000 jobs in japan in the next year. dialing back the rhetoric, larry whyers tells bloomberg washington and beijing should lower the tone. this is bloomberg. ♪ haidi: it is

: i am haidi lun in sydney.etty: and i am betty liu in new york and are watching "daybreak australia". haidi: and we have more on this uber story in a incident where a pedestrian was killed with uber testing a a economist driving car, there is a police conference underway in tempe, and people say car was moving at 40 miles per hour and have video evidence of the incident, which is not been released, and the county attorney will decide whether to file charges according to a press conference from arizona police. downturno the overall when it comes to these tech companies. this tragic accident happening. arey: places like arizona sometimes on the forefront of allowing this technology, and let be regulating it. a tragic incident like this is going to raise questions if there needs to be more regulation as we experiment with new technologies. that stay on the technology fortis, it was red across the board as a tech selloff sent the nasdaq it's the best losses in six weeks, and i want to bring in heaven nicholson, the

haidi: i'm haidi lun. uber is facing new charges.rab reduces losses ahead of a planned ipo next year. i want to bring back benjamin harburg, a managing director at msa capital, which has invested in uber. we see this trend in the strategy arrive, whether it is intentional or not, uber retreating from another high-performing, highly lucrative market. and also, i guess another victory. do you like this strategy? do you think it makes sense for uber? thinkd on't -- i do not it was the strategy at the onset. i think it is a bit of a catch up game given what transpired at headquarters over the last couple years and what happened, taking their eye off the ball. the result has been that we have lost a lot of ground in specific regions and had to come up with transactions like this, but i do not look at this transaction as a loss. that there does lend has been this kind of withdrawal from uber. well.al in china as do you expect more of this? and if so, how does it change the landscape for ridesharing, in your view? darai think that -- cannot

live in windows are is. -- when osiris -- haidi: i am haidi lun, this is daybreak australia.etty: another start to the week, just after six ago p.m. in new york. i have betty liu. we will be looking at how all the action played into the asia-pacific trading day and wall street action friday. not too bad. we saw a rally, consumer sentiment numbers on friday help lifted shares right before the weekend. you can see the s&p higher by 0.2%. the dow adding 70 points, the nasdaq slight bid under the index but pretty much unchanged. we will be watching those tech shares, but more important we will be watching the fomc meeting and its decision with powell of the head of the fed. haidi: we have futures pricing in. their chances are well over 90%. we are watching for the press conference, the town, any sense of extra hawkishness will be taken to mean a change in the dot plot, but looking at how we are setting up in asia, we have the fomc event clearly fun and -- front and center. the bank of it asia, new zealand central bank, the philippines, indonesia setting policy this week, largely

this is bloomberg. ♪ haidi: i am haidi lun in sydney.ty: and i am betty liu and you are watching "daybreak australia". stocks are searching back on monday from the biggest weekly route in two years, although there is waste to go to make up for all the losses we have seen so far. joining us now from minneapolis is the senior falla manager at columbia threadneedle, can you make sense of these wild swings? -did one day and 600 in another? you look athether the equity or bond market where i am focused, i think a lot of market performers this year has been about expectations and one of your previous contributors pointed to the expectations of earnings in the s&p rice 21% this year. we know taxes are a nice tell went, but expectations are high and yet they such a confidence in expectations like on a trade side, as we have been dealing with the last week, that can create volatility and that is what we are seeing with expectations. come: we keep hearing that at get used to volatility, but why are you focused on the bond market? where wewe think

haidi: and i am haidi learned sydney.ng up some gains, and there are hopes when it comes to perhaps pressures on donald trump from his own party. we have heard from the house speaker, paul ryan, and also corporate leaders coming out against the trade tariffs that he has proposed. pretty protectionist-sounding measures. weaker yen,g a translating into gains for the nikkei 225. we are also seeing gains on the ofg seng, and as a reminder this, we are trading here in australia ahead of the rba decision this afternoon. tencent and alibaba, they have always chosen overseas listings due to the image of prestige. but this may change. we have our technology reporter here, david. what are these companies mostly listed in the u.s. and not in china? some of them have home?oming back >> when you go to the u.s., you get access to the world capital. china is big, but not as big as the rest of the world combined. so what they wanted is the wealth of capital, the press teach, and investors who are more knowledgeable about what it takes to

haidi: and i am haidi lun in sydney and you're watching "daybreak australia".up to a expected rate hike, and jay powell's first meeting, we see reactions. he sees little impasse the markets coming through the rate hike, closely monitoring fund flows as asia reacts. we will see most of the reaction taking place in asia currencies given the fault of the u.s. dollar. betty: it is interesting to see that reaction in the dollar and the steepening we saw in the yield curve here as well. -- how issing through a different central banker and unlike others. sorting through what he is like and also what the statement said as well. someone who is always under scrutiny and people parsing what he is like his elon musk. he is not short of the odd dollar come and shareholders approved every pay package of $2.6 billion. compensationcutive -- this is the against corporate compensation package of any ceo? tell, 10 as we can figures. betty: shareholders don't want him flying off into space? is that a legit concern? it has been raised that he has so many esoteric interest that he s

this is bloomberg. ♪ ♪ haidi: i am haidi lun in sydney.etty liu and you are watching "daybreak australia". the risk of a trade war with china has one and one thing investors are worried about is packed, and those worries are overdone. gbh chief now is why shoulden investors not be worried? what sticks out his apple and when we plug numbers we think that macs incremental cost to the bottom line is a rounding error. services oriented not be affected of the china terror issue, i think the only one would be amazon -- which is only whichincremental costs they can absorb. it is scary headlines but when you dig into numbers, the bark is worse than the bite. you continue to buy tech on this weakness of scary headlines. i think it will be a blip on the radar. betty: why do think some are selling on this news and why do you think it is heading there? dan: it is the retaliation and fear. when you go down there, can take be impacted? what can china do specifically with apple? at foxconn and the interwoven relationship there, they invested billions in

haidi: i am haidi lun in sydney.nnouncedter its south african media company after selling 190 million of its shares. 104 hongd put it at kong dollars apiece. a stake was bought for $32 million in 2001. it is now worth 175 billion. rishaad: petrochina paying out its entire 2017 in dividends. add to a surprise payout. petrochina is recovering from its worst ever performance, as a rally in prices boosted production. haidi:steve >> we have to check whether the future of the trade deficit will be caused by critical goods or could be because of something that is not related to the trade war between china and the u.s.. rishaad: minister, you have a huge infrastructure problem in indonesia. you need investments, china is putting money into various projects taking place. does that money from china, with strings attached. and the u.s. ambassador to indonesia complained jakarta is forgoing billions of dollars of investment from american companies. walk me through all of that. clarified i have to that we welcome all the foreign

haidi: i am haidi lun in sydney.ime minister shinzo abe facing the biggest crisis of his premiership so far, said to have implications for the broader market. let's get more on that with the head of japan markets for j.p. morgan from tokyo. as things stand, what are the chances this will prove to be not such a fleeting kind of headache for shinzo abe? we were talking during the break about the possibility of his deputy losing his job. yes, i am not sure whether his deputy will resign. the situation seems to be serious. the administration may try to close this case by the resignation of the finance minister, so i can say the risk is increasing compared to before. haidi: the right, is this something investor should be concerned about? we have seen the reaction in the yen, also these headlines about h.r. mcmaster and another potential shakeup in the trump administration, but in terms of the impact on broader japanese equity markets, is that something investor should be concerned about? >> yes, for short-term it should b

♪ haidi: u.s.arket sliding again as tech remains weak and amazon replacing facebook as the fed top punch bag. tesla sure stumbling for -- sure stumbling for tesla. and we did it to a deadline in queensland and the latest. betty: any warning from the wto and that and we did sees the fif me trade war that can derail the global economy. ♪ haidi: hello from sydney are we are just passed 9 a.m. this is "daybreak australia". it is just after 6:00 in new york and the for the next hour we look at how all the action on wall street is going to play into the asia-pacific trading day. zuckerberg or bezos, you are not having a good day today, the tech names have been brought down by this broad-based tech selloff. the markets were choppy today and a quick reminder of how we ended to trade today. -- can see across the screen we are in a range in the markets. the s&p lower and the dow ending flat with a slight cell. the nasdaq also lower in the tech selloff continues setting up for a mostly lower open in asia ahea

haidi?re still expecting this package of china targeted tariffs to come by the end of this week. we are also talking about a cheap economist talking about the fed. as the u.s. economy been strong enough to go from three hikes to for? ur.to fo ♪ yvonne: it is 7:00 a.m. here in hong kong. i am yvonne man, welcome to "daybreak asia." a second day as congress prepares an investigation into the mishandled data scandal. the company at the heart of the uproar suspended ceo of cambridge analytica, saying it alexander nix's secretly recorded comments are unacceptable. betty: i am betty liu, in new york. the finance minister failing to block president trump's tariffs. they also blocked their resistance to protectionism. yvonne: i

haidi: here in sydney, i'm haidi lun. talking tough on trade. president trump says he will do whatever is needed to stop china from undermining global competition. this is "bloomberg markets: asia." rishaad: the volatility coming out of the model in february -- coming out of the bottle in february. does it stay out of the bottle this month as well? plunge at the u.s. stock right at the end of the session, sending equities down on wall street. the stage is set again for congress. testiwell and his second mony there. will he be able to rile the markets as he did last time? we will have a look throughout the program. haidi: the man to watch for a second day. will he walked back some of the perceived -- people looking at his personal views on the economy and talking potential for four rate topics -- hikes this year. a sluggish start to the month of march. traders will be happy to put february and most of january behind them with wall street closing out its worst month in about two years. take a look at how asian markets are tracking. sophie: the moo

haidi: i am haidi lun in sydney.uying allied metals and distillers. talks to center on the owner of jim beaver -- the owner of jim beam bourbon. giving them distribution rights. hnad: china's struggling group selling its 25% stake to help pay down some of its debt. helton agreed to remove a lockup. at the close, the stock had risen pretty strongly. the group has cut its stake in deutsche bank, and some of its properties in london, sydney and hong kong. one of the world's largest assets has been told to fix its own -- its money laundering program. failed toid icbc comply with the secrecy act and maintain adequate compliance. given 60 days to provide written plans for improving. this is bloomberg. ♪ >> it is 10:29 in hong kong. china's factory output unexpectedly exhilarated, amid strong global demand. industrial production rose 7.2% in january and february from a year earlier, compared to 6.2% in a survey. retail sales, 9.7% up, missing estimates. president trump has been in california to drum up support for his borde

haidi: what happens from there?is the deadline for takeda to confirm a bid or whether they will walk away. the biggest question for takeda is going to pay for it and what strategy they are going to use. bloomberg's bureau chief for us. powerfulun sending a message to washington that china is back on side. this is bloomberg. ♪ 10:29 --ehaidi: it is it is 10:29 in hong kong. market sparing a little better with the renewed selloff pressure in the u.s. overnight with tech stocks. pretty mixed as we get into the last day of trading around the region. the yen retracing some of its overnight losses, trading at the 106.57 greenback. it is providing some left to regional currencies. ae korean won is rising to two-week high. we will have to see if a date will be set for the moon kim summit. japanese officials comment on u.s. trade action. china is saying that the u.s. tariffs set a very bad precedent. 225re seeing the nikkei easing gains and chinese large caps losing 1.2%. shares are seeing declines for a second day. i want t

. >> i am haidi lun. uping, xi jinping wrapping the national people's congress, enjoying references we have not heard or seen since moa. we are in beijing. -- since mao. we are in beijing. this is "bloomberg markets: asia ." rishaad: mpc concluding today two weeks in as we get new leadership. xi jinping -- he will be starting off his news conference. he had a news conference in beijing. going to, markets are digest a welter of information through technology, particularly, the stand up for the wrong reasons, haidi. of the interesting comments overnight as we saw the selloff started with facebook sellressing so on all -- on all of those things. if it was not take, it probably would have been politics. another package of tariffs directed at china by the end of this week, and all of course during a week that is already fraught with risk aversion as we go into the fomc meeting, the first under jay powell. aussie shares, japan, south korea lower. chinese markets looking like they are going to kick off under pre

haidi: i am haidi lun in sydney.i am betty lou, you are watching daybreak australia. there was a dramatic divergence in the february jobs report. we saw wages sack, and that was casting doubt on whether the fed would accelerate rate hikes when it meets at the end of this month. we are waiting for inflation data that will come out this week. the policy editor kathleen hays here with more, but equity markets responded positively. kathleen: jobs, that is part of payroll, up the most since the middle of 2016. in gain was 313,000 february. it dwarfed the gain of 200,000 in january which was already healthy. you can see, boom, look how that got bigger. here is the rub. wages. the equity market, the bond market got straight data in january, then they saw wages jumping year-over-year, ..9% from 2.6% look at 189. rest assured, inflation is not accelerating on this basis. there is the average early -- earnings. they are back to 2.6 year-over-year. you can see the six-month moving average pretty flat now, even at a point with t

haidi: i am haidi lun.hapter 11 bankruptcy, saying it has liabilities of as much as half $1 billion. creditors of the cerberus company wanted a quick sale after the bankruptcy process is complete. they had already been negotiated ofh lenders or cut demand $100 billion and inject $125 million of new capital into the company. rishaad: a consortium led by jp leading -- india's second-largest private hospital chain. i have been told investor groups include money pile of health. input -- authorities are investigating fortis after the sing brothers took more than $26 million out with out -- without board approval. haidi: the green light to go ahead with plans to enter the u.s. car market. the company intended to the -- attended the national car marker -- maker association meeting. the president said hundreds of viewers expressed interest in working with them. rishaad: a battle between humans and john -- giant robots, universal's pacific rim uprising taking $115 million. this comes from comscore. it includes $65 m

haidi: and i am haidi lun.d by bloomberg are buying the stock, none calling it for a cell. looking all, why are we at these cheap levels? what is the catch here? reporter: hello, haidi. petrol china is definitely undervalued, but we need to see catalysts. we need to see a spinoff implemented sooner and we need to see the increase in dividend payments. in the long-term, we need to have stock incentive plans, which would align management interests better with shareholders. david: yes, fox, when you look at the valuation on this one, and haidi was correct when pointing out, what's the catch? shares are trading at what .6 or .7 times -- it makes you think, what is wrong with the company? trading athell are 1.4 to 1.7 times. talk to us about the catalysts that are needed for people to get in and buy these things. fox: we should watch over any signal of a stock incentive plan. soe's state s interests come first and it is not exactly in line with interests. a stock incentive plan could change that. companies with good

haidi: i am haidi lun in sydney.iling up for facebook on day two of its data crisis, if you will. it is being sued by investors over the harvesting scandal and facing multiple investigations in the united states, canada, australia, and europe. the market cap has plunged $50 billion over the past few days ts. that is equal to curry shih-tzu gdp. that is equal -- to croatia's gdp. you can't talk about the other business aspects of facebook, facebookemonstrates bring down the other tech names in the u.s. session. the second day, other tech names rebounded and facebook continue to plunge, investors concerned this is almost a nexus to ensure question. -- almost an existential question. this point we are not seeing advertisers pulling back from facebook, yet. we are actually forecasting facebook will see about a 17% rise in ad revenue this year. that is slower than last year, but due to other factors come not necessarily this particular crisis. i think what you need to do is look beyond the current situation and ask what i

haiti. -- haidi. haidi: thank you so much. following that, pboc, getting reaction out of the bank of korea and the like as well. let's get over to singapore. mark cudmore joins us in singapore. this for the pboc, they clearly care about policy coordination to some extent, but it's meaningful for the market. if the message of stability and continuity. we have seen this before where they react to the fed hike, and again today, we were expecting a move between five and 10 basis points. that is what they did. this is a moderately good sign for the chinese bond market, which has been doing really well after a bad year last year, and it shows they have gotten inflation under control, being very gradual. as well, for the yuan and they are focused on stability. that's a good message. continue to watch central banks. not just cannot, not just the fed, but a couple of decisions coming out on top of the rbnz. any convergence picture or is this very much about divergence across the region? i think there is more about divergence, and most

haidi: that's right.tock in theought firm in 2007 and asked for a theyyear period, after wanted the ability to exit. it is close to 11 years, and i think it is surprising to them and to us that they cap their investment that long. they are terrific partners with us. we do a lot of other things with them with enormous success. and will continue to be come as far as everything i know, a very long-term, productive register. in fact -- productive relationship. we started with them they had to employees and we help them with their internal systems and if researcher and all kinds of things. we know virtually just about everybody there. we have somebody from our firm talking to there's every day. it has been a very productive relationship on a mutual basis. betty: steve, great to have you and thank you for stopping by. thank you so much. will have justin trudeau on in 10 minutes. confronting canada's challenges, tariffslk trump coming up. this is bloomberg. ♪ haidi: it is 9:30 a.m. in sydney -- preachers looking

haidi: i am haidi lun in sydney. you are watching "daybreak australia." has a secret to avoiding recession may lie in mass immigration. the population has swelled over 50%. a rising chorus of populists are calling for a cut to new arrivals. across to our bloomberg government reporter, jason scott, with us in canberra. that it could have a problem with too many people, is there something behind it? who would have thought australia of course is a massive country? it's not a continent. it's 50% larger than europe. 25 million people seems pretty small by comparison. most of australia up on land is uninhabitable, not very good for large cities, and most people are concentrated in the southeast corner sydney and melbourne. those cities in particular have been having problems with soaring house prices, traffic, and congestion. mounting been a large, voices of concern about those particular problems. i guess the australian government's lack of action in seeming to address this, so it started about a decade ago that australia started rapidly ramping up its immigra

rishaad.ong, i am haidi: in sydney, i am haidi lun. this is bloomberg markets: asia. finance china's minister has been talking, saying the economy is improving on both sides. speaking at a briefing taking place during the national people's congress, talking about tax reform. they are going to be continuing to cut tax, according to the finance minister. nothing on trade at the moment. we are looking for those headlines. haidi: whether there is going to be any sort of reaction to what is going on in the white house. it materialized. gary: resigning as a senior economic adviser. lots of speculation as to who will be replacing him. does this mean there will be a go-ahead? asian markets dropping, reacting to the speculation of a global trade war. >> is looking short-lived. by storm clouds brought back cohn's resignation. hawkish tone this morning, perhaps having to be broad pain we are seeing. the yen,ns, gold and moving toward a 16 month high against the dollar. japanese shares, they are set to wipe out the gains for the week. check what is going on with treasury. the 10

haidi: in sydney, i'm haidi lun. coming up, brexit and the border.is bloomberg markets -- this is "bloomberg markets: asia." ♪ haidi: is this the call before fedfed -- calm before the storm? we are seeing the clouds clearing when it comes from the -- comes to the rally. you have potentially some calm with this leadership meeting in the works. a fear of inflation with those weaker than expected wage numbers last week. their forecast that inflation had been so terribly wrong. there has been a debate about that. it concluded inconclusively. we have the data about the u.s. coming out. we do have the u.s. retail ofes, china retail sales out beijing. here is a look at what is happening. here is how your money is behaving at the moment. sophie: behaving badly so far. stocks climbing on the backside. check out what is happening with the philippine. the japanese share market, you have shocks it -- stocks in tokyo carrying. the lawmaker admitted that documents related to the sale were linked to shinzo abe. those were altered. check what is happening in the cur

haidi: thanks for that. u.s. will impose tariffs on steel and aluminum imports with an official announcement expected next week. it willt trump said mean well awaited protection for the industry. unfairlyave been very treated by bad policy, by that trade deals i other countries. they have been horribly treated by other countries. they have not been properly represented. more importantly, because of that, workers in our country have not been properly represented. decision may provoke retaliation from other countries. let's look at potential fallout. it right now?g presidenting with trump is political. partly this is -- he has not taken a stance against china, a strong stance against china, which was a campaign promise of his. this is an opportunity to do that. leveling the playing field on the global stage and making sure that america is not missing out. that is a very political message. president trump likes to change things up, do things that are not expected. republican charisma come including paul ryan, d

haidi: does this make you further cautious? up on those decades ago, it is extremely hard to sense -- we think longer-term in the last couple of years were looking at for the next 10, and that is raised on high valuation. run,ld say on the short when you have a richly valued the main thing that disrupts the exhibition around earnings volatility. to what am curious as your playbook will look like. bill: i think from an economic growth standpoint, the developed world is a good place. our economists feel the idea of protectionism in the u.s. is very low. point,that, at some there will be a pullback. to havethey tend components outcome of but we have had for some time. u.s. andowth in the is developed world -- it obvious he a huge contributor to global growth and we are cautiously optimistic. haidi: there is a sound situation with people gathered around this form in sydney. will take a short break now. this is bloomberg. yvonne: haidi, thank you. will fix audio issues and come back. this is bloomberg. ♪ haidi: you are watching dayb

haidi: and i'm haidi lun in sydney.es,k at the general electric is saying any turnaround might be slow but jpmorgan says it might be worse than we think. they say the earnings and guidance is "not a credible number." ge is facing cash flow shortfalls on industrial equipment and inquiries. suspecting -- a supervisory board is approving the plan of more than $1 billion beginning this month. the decision is a sign of confidence as adidas tries to 2020 as it by changes larger rival, nike. -- lexus thinks it's finally found a way to catch up to the high-end both business. yachtsfer ultra luxury from the second half of this year. about can carry 15 guests and it would carry a price tag similar to the views. one other one sells for about $3 million. fastest tourist destination is growing. a visit from the chinese president has helped the tourism industry by 90% in just three years. australia and new zealand -- i remember following the visit, all of the products that you could see on the trip. the tourism industry is absolutely

this is bloomberg. . ♪ haidi: this is bloomberg markets asia.re is this new that when you look at private equity in the region, the deal market, record year in 2017. will china continue to dominate? there are other opportunities. joining us now the cohead of the pacific practice. nice to see you. i was looking through your report. of the things that caught my eye, the pickup with transactions. many people coming together for a deal. is it because deals are getting bigger or they are fewer. it was a record year for private equity. value, theransaction average deal size, that is what is interesting. it went up to 156 million per deal. consortiumr is the transactions. believe,ctually, we there is more and more buyout deals. if you look at the percentage of buyout deals, they accounted for 45% of transactions. a lot of investors come together. that is what you are talking about. >> how about competition? tony ma said from their have no choiceey but to bet on all the horses. yes, things are alive and kicking. money chasing too few deals. is that a pr

haidi: the firm is accused of mishandling information coming it could influence elections. mark zuckerberg has lots $5 billion so far and both sides of the atlantic want answers. haidi:

haidi, great conversation there, joining us from sydney.es -- and we expect sarah sanders, and she told reporters earlier that the south korean national security advisor would make an atouncement at a location 8:00 p.m. in asia. fox news is reporting that kim jong-un is set to invite the president to meet. this is unprecedented. unprecedented is the word to describe this because the last time any president sitting -- never active, was jimmy carter -- and those pictures are live. will be back. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ >> you are watching daybreak asia and we are awaiting a potentially historic news conference coming out of the white hous

haidi lun there for us at the wharton forum taking place.reeing to meet with kim jong-un. that will be front and center. david. >> were not talking about tariffs anymore, are we? rishaad: it has been the clips by what has happened. we look down the line and we have a jobs report. if we get something north of two point 8%, the expectation for wage growth, 200-5000. 05,000. had -- a former member of the policy board in japan is coming on the program in about 40 minutes. had governor kuroda, talking at the same time. korea, a guesth from harvard joins us. a chairman at the korea society joins us. call from our one tuest is an option to get in o korean derivatives stocks. more coming up. ♪ almost 11:00 here in hong kong. i am david ingles. welcome to bloomberg markets: asia. ♪ david: history in the making, president trump is to meet kim jong-un for unprecedented talks expected in may. is this the art of the deal? governor the pboc perhaps holds his swan song. he says china can be more bold in terms of opening up. the boj wrapping up its meeting

haidi: jerome powell indicates another two hikes this year and more to come in the future. 2.5 billion reasons to stay in the driving seat at

haidi: beijing's u.s.g the white house to cease and desist and china isn't afraid and will defend itself. betty: stocks dropping the most in six weeks on the news that fed ex is a early los d

. ♪ ♪ haidi: talking trade that the u.s.ctive negotiations in china that might avoid a damaging trade war. betty: president trump ready to get rid of russian diplomats in response to a nerve agent attack in the u.k. a new governor pledges to serve the economy. he says china is able to stand death withstand threats. betty: qantas celebrates the first nonstop flight between australi

." ♪ ♪ haidi: more turmoil in dumpedton, the u.s. has and coming dialogue from china.w head of the pboc will succeed the 15 year veteran. boss, will make the new same as the old boss. wins and a landslide and is russia's longest serving leader since stalin. betty: the g20 with trade tension at the top of the agenda. live in windows are is.

haidi: asterisk's largest building firm is getting on the booming middle class, asia is the story ofetty: and reports from new york say robert mueller has been at the trump organization or documents related to russia.

rishaad.ong, i am haidi: in sydney, i am haidi lun. this is bloomberg markets: asia.

haidi: in sydney, i'm haidi lun. the new pboc governor pledges further reforms.is bloomberg "markets:

. ♪ ♪ haidi: u.s. stocks falling for a third day after lackluster retail sales raising concerns.ointing data. and escalating risks. they: and you are hired, white house choice to replace gary cohn is seen as a trump

. ♪ haidi: u.s. equities surged back with sense of is the tensions are beginning to ease.l of risk appetite since the dollar to lowe's levels in five weeks, except the yen. search of the economy looking serene, challenges are looking to make the service. betty: in washington allies

. ♪ haidi: u.s.in as tech remains weak and amazon replacing facebook as the fed top punch bag. tesla sure stumbling for -- sure stumbling for tesla. and we did it to a deadline in queensland and the latest. betty: any warning from the wto and that and we did sees the fif me trade war that cade

on haidi lun in sydney.ials in washington said he misspoke when they ended the dialogue with china. there hadn't been a decision made on the future of the strategic economic talks. he also told us what he thinks are the biggest risks to global growth area -- growth. point is that we have to work together. china's move away from liberalization, as we look at their state on enterprises, more of their activity is subsidized and going into overcapacity. we saw the recent examples of thel and aluminum, one of world's biggest producers and they are using subsidized financing and a owned enterprises for that production. it is important for the world to move forward and market orientation. >> you were critical of china suggesting something has changed there. a has moved toward markets. and joined institutions they were viewing market pricing in their own economy. that has stalled or reverse. that is a concern for the world. that means it cannot grow as fast as it should. about itsit thinks priorities, many of them e

automakers will have to raise prices in the united states haidi: gathering in beijing to set the courseerg markets

in sydney, i am haidi lun.n prepares to meet the media as his companies report earnings. this is "bloomberg markets: asia." ♪

progress continues with david and haidi next. you have problems with whether, do you ever can indicate directly with god? the time.hu: all we used to say it was a local call. [laughter] david: you are skeptical. what is the pleasure of being prime minister? pm netanyahu: investigation. [laughter] [applause] david: the israeli economy is doing quite well. pm netanyahu: is anyone here not investing in israel? invest in israel. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright.

haidi: the fallout at facebook continues. congress says mark zuckerberg leaves many questns