this is bloomberg. ♪ haidi: this is daybreak asia. i'm haidi stroud-watts.e: i'm sophie kamaruddin. china has announced more details of its ambitious plans to challenge silicon valley. wanting to tie hong kong and macau closer to the mainland as they tried to build a metropolis. tom mackenzie has the story in beijing. what more do we know about this? tom: we already knew this was a plan that beijing was working up along with their counterparts in hong kong. this blueprint that was released thely flsheeshed in details. integrating hong kong and macau with nine cities on the mainland. in terms of transport, infrastructure, but also trade, finance and technology. china is notat wavering from its technology ambitions to be a key innovator. this is part of the plan to avoid that dreaded middle income trap. it is a crucial project. it is seen as a crucial project by policymakers in beijing in terms of china's direction of travel in terms of development. they also hope it will be a plan and strategy that will elevate the yuan. yuan clearing facilities. companies in

haidi: and i am haidi stroud-watts. buffett says he wants to spend cash on a giant acquisition. our bloomberg finance reporter joins us now on the line. catherine, what has he said about his plans for what he is going to do with this cash pile? >> he was not incredibly optimistic. if anything, he warned investors that prices for businesses are at all-time highs. that might be the case for 2019 again. he warns that might mean berkshire spends more of its money on common stocks of other companies. investors might be intrigued, he did dig into his changed policies on repurchases. anotherht also open up avenue for berkshire to spend some of its money. the issue of succession comes up every time. did warren buffett say anything about that? katherine: he praised the people who were promoted last year. he did not give any explicit directives on who will take over. he did talk about important issues that investors might care about after he is gone, including how berkshire should be kept together as a conglomerate, despite its w

haidi: i am haidi stroud-watts. you are watching daybreak australia.s the latest name to defy a slowdown in china with sales on the mainland hoping to produce best performance in 40 quarters. they affirmed l'oreal's strengths when we spoke with them. there is a strong appetite of chinese consumers for beauty products, luxury beauty projects -- products and so far we are seeing no slow down at all. reporter: other companies are caterpillar, apple with iphone. >> different. reporter: what are you seeing in chinareporter:? >> we see a strong demand. it is true also there is something called ballistic effect which says some time when people don't want to buy two expensive items, lipstick, skincare, fragrance or something like that, we think that this strong growth could continue. reporter: you are not seeing any impact from the trade war but what about the weak data from china? when are you expecting a slowdown to hit your company? there is no reason for the moment to be worried. obviously if there is a slowdown, we will adapt, adjust. reporter: you don't

this is bloomberg. ♪ haidi: i'm haidi stroud-watts in sydney.: i'm sophie kamaruddin in hong kong. new zealand's prime minister said thigns are still rosy with china as she is facing pressure from opposition lawmakers that says ties could deteriorate after the government says it has major security concerns about letting huawei enter new zealand's 5g networks. matthew joins us now. are there any signs that china might be retaliating against new zealand over huawei? well, all of this started earlier this month with new zealand, shanghai was forced to return midflight because it did not have the right paperwork to land. it seemed relatively innocuous at the time, but within days, there were signs that china was perhaps a little unhappy with new zealand. urismw the launch of to postponed in wellington because chinese officials could not make it. complaining about having trouble clearing into china. of course, the prime minister's visit to beijing, which has been on the table for quite some time, remains in limbo. apparently because of scheduling iss

haidi: i am haidi in sydney.softer outlook for commodity prices and we are awaiting that final report from the european banking commission. investors could see a boost in dividend payouts. john talk about that with hansen here in sydney. it's been a bust in the u.s., by and large. there are more uncertainties when it comes to -- we have a falling housing market. a mission coming out this afternoon. it has been stronger. strong earnings, strong dividend growth. that is a positive light. i think it will be a mixed reporting season. still pretty good for the resources. the focus is on the other sectors. is one we arek watching this week and we have the commissioner final report due later today. do you expect that to play out into the forecast and of the narrative? >> that depends on the report. the interim port wasn't too bad. i think banks have been tightening credit and applying the letter of the law. it may be ok for the banking sector, but we also have the soft housing market. not a great outlook for the banks,

haidi: good morning. i'm haidi stroud-watts in sydney. shery: good evening from new york, i'm shery ahn. sophie: i'm sophie in hong kong. welcome to daybreak asia. ♪ haidi: the top stories this tuesday -- markets pivotal for global growth. the dollar strengthens again and treasuries fall. trade talks resume in beijing among cautious optimism. is there a just enough to offer new on hold. labor with its first earnings. we are live in obama. yokohama. shery: we saw the dow fall for the fourth consecutive session, down 2/10 of 1%. the s&p 500 finished unchanged. we have industrials being led higher by railroad stocks, but utilities are slow. health care stocks weighed on the index. we have small caps really outperforming the broader market with the russell 2000 gaining 8/10 of 1%. u.s. futures at the moment unchanged. investors could be sitting on the sidelines as we see these trade talks unfold in beijing. we could be headed for another government shutdown come friday when funding runs out. a lot to watch out for this week as we head to the

haidi: haidi: the stop stories we're covering. haidi:stocks set to rise as wall street surged to a 10 week i. the kiwi is down but the aussie is little change. trade records back in washington and signs of progress. as an trump is being briefed on the top so far. scott morrison thousand to strengthen australia's borders following a debate on asylum-seekers last week. shery: let's get you started with a quick check of the market close in the u.s. on the friday session. there was brought optimism over the state of the u.s. economy, not to mention the market became more constructive on the u.s. china trade talks. we saw the s&p 500 at a 10 week i. closing at session highs. every sector in the green, being led by financials and energy stocks. wti rising to the highest level of this year. money managers turning bullish. that's increasing them by 10% last week. the highest level since august. you can see brought optimism across markets being held by u.s. consumer sentiment rebounding from a two-year low. let's see how we are shaping up

haidi: i am haidi stroud-watts in sydney.nvestors showing nerves of steel when it comes to brexit. you canst showing negotiation's could go right down to the wire in march. the whole situation with brexit, and kicking the can down the road, is that inevitable, an extension of article 50? are u.k. investments practical? >> i think it is a bit inevitable. and might be a good thing. for brexit on march 29 and it is possible that is what we will get. when: this comes at a time brussels is seeing these european growth powerhouses seeing a slowdown. this is not something that europe wants to contend with. >> but the political urgency is more of an imperative. they will play hard with the u.k. right to the end. shery: so much bad news has been invented in european stocks. could we see any surprises in the positive? >> emerging-market stocks and european stocks are like twins. they are cheap and have damaged fundamentals. we expect things will get better and we will have a catalyst for value creation. we have been looking for better

haidi: i'm haidi stroud-watts in sydney. he north korean leader must do something in a meaningful way if sanctions are to be lifted. derek, the president really lot of experts and critics of the singapore summit needs to saying, there be something more substantial, more detailed, more enforceable singapore as in that framework deal. right.t's exactly the president has said that all things are possible in this asking for he is something meaningful, now, what does he want that is meaningful? said yet.really we're hearing reports that erhaps kim is looking to maybe offer the disabling of the research facility there and inspections that would verify that. of course, that would be a tangible step. that would be a real step that would probably be the real tangible step that president have extracted from of aside from the lack missile launches and things of that nature. necessarily solve a problem about korean obviouslyzation which was the original objective of this whole effort and so the question sort of where the draws the line

haidi: u.s.hina trade talks resume this week as the clocks ticked towards president trump's terrace deadline -- tariff deadline. another round of talks in beijing, high-level attendees. how are we expecting things to go? we should expect more reflash -- more whiplash. mondaydeputies in town today beijing time from the u.s. trade arm and treasury. these men will be working with their chinese counterparts over the next few days. then they hand the baton to steve mnuchin and robert lighthizer for trade. they will be here for meetings with the vice premier. the question is whether they can extract more from the chinese in terms of the structural issues and enforcement. those are the issues. they get one or both on the table from the chinese, they could move things forward. the deadline is march 1. there was added uncertainty by president trump saying he was unlikely to meet xi jinping before that deadline after which tariffs could be increased. that is the concern. the consensus seems to be there wil

haidi: david welch.tment from gm and amazon into rivian, a potential competitor with tesla in the pickup truck and suv space. some breaking news across bloomberg. japan reducing price index, coming in at 6/10 of 1%, missing expectations of 1%. decelerating from the december pace of 1.5%. month on month, a deceleration of 6.5%. a slower pace than the 2.5% contraction we are expecting, matching the pace we saw month on month in terms of price inflation, or deflation in december. that comes ahead of fourth-quarter gdp numbers expected tomorrow from japan. plenty more to come on daybreak asia. this is bloomberg. ♪ shery: this is daybreak asia. i'm shery ahn. haidi: let's get you a quick check of the latest business flash headlines. that t-mobile bonds has defended his proposed takeover of sprint amid rising doubts on wall street. he told lawmakers his company does not use huawei equipment and will not after the deal is completed. the $26 billion plan will reduce competition, according to a opponents. shery:

haidi: and i am haidi stroud-watts in sydney.markets have sophie: just opened for trade. i am sophie kamaruddin and hong kong. -- have just opened for trade. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." our top stories this wednesday, modest gains forecast for the open in asia. investors weighing the geopolitical drama, jay powell testimony, and hope for trade. asrling rose to a high theresa may lets parliament decide on brexit and a dojo divorce. you're counting down to the -- no deal divorce. we're counting down to the summit. let's get straight to the market action. sophie kamaruddin in hong kong. we have the yen up on the board here retreating for the 1.11 handle as investors wait for fresh catalyst. flipping the board for the open, the nikkei 225 adding .2%, resuming gains after we saw a decline for the nikkei 225 on tuesday, and we have the kospi ,lso opening higher, up .2% again resuming gains. we are seeing a little bit over sentiment picking up. shares in sydney are gaining ground, up .2%. .es

this is bloomberg. ♪ haidi: this is daybreak asia, i am haidi stroud-watts in sydney. ahn in new york. the malaysian ruling party said they will not compromise with goldman sachs over the 1mdb scandal. speaking exclusively with bloomberg, anwar ibrahim, accused of being implicit in the scandal, says it must bear responsibility. >> they were complicit to the crime. the effect being, the whole image of the country, the confidence of investor and the state of the economy, they must bear responsibility. >> you reject the argument it was a few bad apples in the firm? figure,or such a probably the highest commission they have got, is not feasible theenable, to assume personalities and goldman sachs is not aware. malaysia safeguard itself against foreign banks, institutions, players? i think we have safeguards and policies. safeguards, ifhe you have crooks running the system, they can always navigate. it is important to have institutions, rule of law and a credible leader with high, ethical standards. >> i need to ask you about china. china is heavily invested in how 1mdb get

haidi: i'm haidi stroud-watts in sydney. evening from bloomberg's global headquarters in new york, i'm shery ahn. kamaruddin,sophie welcome to "daybreak: asia." haidi: our top stories this friday, optimism. japan buying more u.s. crude. there is nont says debt pass on trade. shery: baidu jumped, expected to top expectations. revenue was a fraction before $4 billion. haidi: some headwinds coming from the decline on wall street. let's get straight to the market action with sophie kamaruddin. in the aussieoves and kiwi dollar, recovering from overnight losses. on the yen going up a touch. we had data up about half hour ago showing inflation inching higher. oul stocks are opening in lisase and tokyo. we do have it under. nikkei looking at a four-day advance. some stocks on the move at the start. nissan is heavy, a 9.9%. the court and engineering under pressure. analysts cutting price targets produced by as much as 20% after shares iny issued new order to raise funds to offer financial support for its engineering. haidi: let's ge

haidi: very good morning. i'm haidi stroud-watts in sydney. shery: good evening from new york, i'm shery ahn. sophie: i'm sophie kamaruddin in hong kong. welcome to daybreak asia. ♪ haidi: our top stories this wednesday -- trade talks resume in washington with the u.s. calling for a stable yuan as part of any potential trade deal. u.s. stocks rising. the s&p 500 gaining for a sixth time out of seven sessions. it is of the highest since early december. a big week of earnings for all the -- aussie miners. the latest numbers. shery: let's get you a quick check of the markets. it was a low-volume session given that we came back from a long holiday weekend. we saw the s&p 500 gain ground with utilities leading the gains. materials also rising. energy stocks also higher, gaining ground for the fifth consecutive session on concerns opec will continue to cut production. we are seeing the nasdaq up 2/10 of 1%. a lot of factors playing into here, but also the fact walmart had the best numbers in the back a decade -- about a decade. that is lifting retai

haidi: i am haidi stroud-watts in sydney.urrency volatility area downside is strong for the euro. the dollar will remain big in the short to medium term. let'sto have you are start off with the dollar because it has been they had scratcher. one of the ways you can correlate dollar performance, this is u.s. gdp as a percentage of world gdp. it is obvious to say when the u.s. is doing well you expect a stronger dollar but given the fed turned dovish there are concerns about our we nearing a recession? data has disappointed. has it confounded you we see still dollar strength? nick: i think so but probably the change in the last six months, over the last couple of months since the fed turned dovish, it is coming in as a stronger play on the safe haven currency. it is the best of the bad bunch. haidi: like a return to base effect? nick: i think so. the dollar index has been making steady gains, despite volatility we have seen through different sentiment changes. that will continue into 2019. haidi: what is the catalyst for a rever

haidi: i'm haidi stroud-watts in sydney.resident trump and kim jong-un have struck an optimistic note as they met at the start of their second summit here in hanoi. they are looking to advance nuclear talks. newse getting the latest out of nbc saying that u.s. negotiators are no longer demanding that north korea fully disclose their nuclear weapons. how can you even start to denuclearize if you don't know what sort of weapons and ballistic missiles they possess? >> at think the key word here is full disclosure. it could be a mechanism of the u.s. trying to gradually get north korea to open up partially even about its nuclear facilities, about it uranium enrichment facilities, which could be a gradual step two ultimately allowing dismantling of the complex and whatnot. we've seen president trump himself trying to lower expectations going into the summit. what kind of take away would mean that it is a successful meeting? in terms of success, a lot of analysts watching north korea are saying they want more substantial details o

haidi: hello.e getting the latest jobs numbers out of japan, the job to applicant ratio coming in exactly as expected. in january, the jobless rate 2.5 percent from 2.4%. that was expected. we are also getting tokyo's cpi coming through today. .6% higher, slightly better than expected for february. of course, we do know the labor market is not a concern in terms of how tight it has been. in fact, the labor shortage has hit something like a 45-year anh as they had issues with aging population and issues bringing in foreign talent as well. not really much to write home about, .7%. let's look at the market reaction. what are you seeing? wasiven that the number expected, holding steady when it comes to the jobless rate, we're not seeing much reaction in the yen. that overnight low we saw was the weakest since december, so breach for the yen sparking further declines. again, holding those overnight losses. this wraps up february is one of the biggest g10 laggards. now flipping the board to check in on a

haidi: a very good morning. i am haidi stroud-watts in sydney.s major markets are just opened for trade. good morning. i am ramy inocencio. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top stories this tuesday, sterling strengthens as theresa may considers delaying brexit. news of a delay could change market sentiment. and so was set for a mixed start after the wall street rally lost momentum. ramy: president trump suggests a signing summit with xi jinping and then says the deal might not happen at all. let's get straight to the market action with sophie kamaruddin. s&p futures down by .1%. what else are you seen? onhie: we are keeping an eye the pound after it jumped to a four-week high on reports that theresa may is considering postponing brexit to stop the nation leaving the e.u. open,ng the board in the the nikkei 225 extending gains, up .1%, while the yen is trading 1.11. aussie shares halting a three-day rise with discretionary and tech the biggest laggards. in wellington, the nzx 50 gaining ground. i

haidi: a very good morning. i am haidi stroud-watts in sydney. shery: good evening from bloomberg's global headquarters in new york. i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top stories this tuesday, markets look set for a muted start in a week that has been pivotal for global growth. treasuries fall. trade talks resume in beijing with cautious optimism of a deal. china may offer enough to put me tariffs on hold. an online storm is building about recent investments from tencent. to sophie straight kamaruddin in hong kong for a check on the markets in asia. investors have a lot to digest this morning. sophie: that is the case. checking in on the yen, we have it holding losses, trading near the year-to-date low after the dollar's resurgent strength. japanese markets return to the fray after the long weekend. let's switch out the board to check out the open in tokyo. the nikkei 225 adding .6% after losing 2.2% last week. we are seeing some slight upside for the kospi as well. could be lookin

haidi: a very good morning. i am haidi stroud-watts in sydney. shery: good evening from bloomberg's global headquarters in new york. i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top stories this wednesday, asia-pacific markets are set to expand on a strong u.s. session. president trump's new tariffs flexibility. opec lowers its forecast of demand for oil on the global slowdown and continuing rise in u.s. production. latestthe rbnz is the central bank to test the new dovishness. traders are betting on a rate cut later. it are markets kicking off trading in asia. let's turn to sophie. we are seeing some risk on moods already. sophie: checking in on how we we racing for this session, have the rbnz expected to hold out its policy rate. going to be getting fourth-quarter gdp growth. flipping the board to check in on the market open in tokyo, we have the nikkei 225 continuing to rebound from a one-month low. we have the nikkei 225 adding .8%. arek in on how stocks faring. stocks in seoul gaining .1

-- haidi: we seem to have lost her momentarily.o get her back to talk about warren buffett's dealmaking plans. up next, a representative from the hoover institution is optimistic about the u.s.-china trade talks. he is only optimistic in the short-term. we will have more discussion on that as well as who he sees as president trump's second leadership meeting with kim jong-un this week. this is bloomberg. ♪ ramy: it is a very big week for geopolitics ahead of the trade talks between the united states and china. --course, the donald trump donald trump in the vice premier meeting this weekend. thes discuss that with representative from the hoover fellowship. donald trump is saying we have made substantial progress in a trade talks with china. the structural changes we actually really need to get to. wheres is also the area we expected to be the most resistance from the chinese. the open question remains what is the enforcement mechanism? what is the mechanism to make sure whatever agreement is reached is enforced by the chinese? ofre

haidi: a look at the latest. president trump will sign the compromise spending bill to avert another government shutdown. mitch mcconnell says he will be declaring a national emergency on the border. >> i had an opportunity to speak with president trump and i would say to all my colleagues that he is prepared to sign the bill and he will be issuing a national emergency declaration at the same time. i have indicated to him that i will support the national emergency declaration. derek joins us with the latest. the houses set to vote and pass . vote >> absolutely. this will be into a bit of unprecedented territory. president trump indicated clearly that he wants to do this national emergency declaration, a difficult process, simple at first. he declares and then after that, the consequences start. mitch mcconnell might say that he is in favor of this, but there are republicans who are really concerned about this right now. i had a good source of mine send a note that basically said, what is to stop the next democrat

haidi, that trade continues to loom large over the region. haidi. it from here.ke join us for some more context is founder and c.o.o., always good to see you here. of breaking time news with brexit. a planmay is considering to postpone brexit. how should investors read into this? far any kind of deal. >> right, right, on the margin, little less risk of an imminent shock and so we're very from a cyclical point of view how that intersects with cycle.e are in a we are in a slowdown, but are we vulnerability. if we are, a shock is a recession nature shock. we are not there yet. on the margin, this is a little bit of good news, it reduces the a negative shock. i think you could take a little, here is a little less risk out there as a result. remy: a little less risk, a bit of positivity. i wonder, how long can this last? also talking about some, what's happening with u.s.-china there, d the headlines there is a risk on rally, i don't know about rally, but a for how long? >> in this framework that we have where we look at where are these he cycle and pote

haidi? haidi: well, as you well know, one of the side effects of the u.s.i's 5g technology is driving interest towards other telecoms. that is what the nokia ceo told bloomberg tv in barcelona. take a listen. >> we are watching the situation closely. this is for government to decide. we will be there for our customers when they need us. we are getting more interest. there are concerns. there is also some uncertainty. we will just watch the situation closely. haidi: this is when huawei unveiled a brand-new, expensive nephone. let's bring in mark gurman in los angeles. huawei front and center, poking fun at u.s. intelligence. it was interesting hearing from phone executives, speaking with one voice and saying they need access and diversity when it comes to suppliers. and potentially, the huawei ban could risk the delay of a 5g rollout. mark: huawei has two main parts. one, they provide 5g equipment for infrastructure and carriers around the world. the other thing is they make these phones. they introduced this $2600 foldable phone. huawei make some cool phone

haidi: thank you very much for that. to bloomberg markets: asia, let's look at trading action at the moment. we are watching the u.s. and australian treasury premium rise to at least a 30 year high. that yield slight beat -- slide beat the 10 year after the rba slashed its forecasts significantly. this is bloomberg. ♪ rishaad: it's 9:00 a.m. in hong kong. this is bloomberg markets china open. yvonne: here are the top stories this morning. asia looks set to end a week after declines in trade. president trump sees no meeting with china. haidi: sony jumping more than six weeks after announcing a share of all must $1 billion. adrs rose. gathering inds australia. darby is cutting. reserve rates across the economy.

haidi: very good morning. i'm haidi stroud-watts in sydney.ng from new york, i'm shery ahn. sophie: i'm sophie kamaruddin in hong kong. welcome to daybreak asia. ♪ haidi: our top stories this wednesday -- trade talks resume in washington with the u.s. calling for a stable yuan as part of any potential trade deal. u.s. stocks rising. the s&p 500 gaining for a sixth

haidi: good morning. i'm haidi stroud-watts in sydney.vening from new york, i'm shery ahn. sophie: i'm sophie in hong kong. welcome to daybreak asia. ♪ haidi: the top stories this tuesday -- markets pivotal for global growth. the dollar strengthens again and treasuries fall. trade talks resume in beijing among cautious optimism.

haidi: a very good morning. australian markets have just opened for trade. in hong kong. sophie: and i'm sophie kamaruddin. asia." to "daybreak haidi: a weak start at best for fell for atrade third straight session. we are also watching developments on the trade front. larry kudlow says the u.s. and china are close to

haidi? haidi: investment in turkish start of spell 46%, $59 million in 2018.n from the record high of $111 million the year before. the news comes from monitoring groups, that puts turkey in 20 first place among european countries. the u.k. holds the top spot with more than $8 billion of inflows. a key partner for tencent is signaling more weakness in the chinese videogame market. chinese sales dropping by double digits. last quarter, the revenue fell 22%. the chinese gaming market is slowly recovering from last an on newvernment b titles, generating more than $30 billion in sales. alibaba co-founder who already owns a stake in the nba's brooklyn nets and has his sights set on a new startup sports league. the premier lacrosse league. he played lacrosse at yale university and says he is encouraged by the sport's growing popularity. those other top global tech stories we are watching. shery: thank you. back in december, the google ceo spoke to members of congress about his company planning a search engine in china. we have no plans to launch in china. we don't h

haidi: sandra, what can we expect in terms of global ambitions, expansion ambitions?a: so, the company is on record as saying they want to have the most users by 2030, which is a pretty big ambition for anyone to say. i actually think from an ethical standpoint, it puts them on sort of a safer path to growth than saying they have a sales ambition to be x, y, z times the number of dollars they are making right now, because this is something they pretty much had to satisfy customers if they are going to go after this kind of a way of getting bigger. that is what their goal is. but of course, like any company, there will be some challenges along the way. haidi: sandra, so great to have you with us, sandra sucher, professor at harvard business school joining us with her case study on recruit. stick with us. there is much more ahead. this is bloomberg. ♪ emily: managed portfolios and hedge funds have traditionally been limited to wealthy .nvestors with hefty fees start to tighten wants to change -- wants to titan change that. it chooses the best 20 stocks based on data fro

shery: haidi, thank you.in december, google ceo sundar pichai spoke to members of congress about his company -- reports of his company planning a search engine in china. >> right now, we have no plans to launch in china. we don't have a search product there. our core mission is to provide users access to information and getting access to information is an important human right. we're always compelled across the world to try hard to provide that information. shery: that answer was not good enough for one shareholder, azzad asset management. it sent the company a letter saying "in light of the chinese government's censorship and surveillance practice, we are concerned a google search product could further enable ongoing human rights violation. with that in mind, we are filing a shareholder resolution seeking a human rights impact assessment for a possible google search product in china." to discuss, we have bloomberg tech's gerrit de vynck who covers alphabet in new york. project dragonfly, back on the table. w

haidi: we are watching sony again today. shares falling the most in 3.5 years.anese electronics maker reporting weaker profits in the playstation business. also reducing the annual revenue forecast. goldman sachs among firms that cut price target on the company. now that the trump administration is cracking down, u.s. semiconductor makers are complaining that china is dealing their secrets. china is the fastest-growing market and chipmaker lobbyists say carrots are not the answer. they want immigration reform that would allow companies to recruit and retain foreign graduates from u.s. universities. google spending skyrocketed, alphabet reported dinner profit margins in the third quarter as the internet giant will expand its hardware businesses. google'sion and capital expenditures jumped 80%. those are the top global tech stories of the day. shery: thank you. bloomberg businessweek has a report that sheds on huawei, specifically the allegations the chinese tech giant have been trying to steal u.s. trade secrets. max worked on the story and here to discuss. we kn

haidi: first word headlines. the federal reserve says chairman jay powell and his number two met president trump at the white house to discuss policy in the economy. the fed says the remarks were consistent with the most recent news conference when he talked of a new patience in decisions. he also told the president that policy would be based on incoming data and the decisions are nonpolitical. loretta mester supports jay powell's policy, but there may be a need for higher rates if the economy meets expectations. she says policy is not that far ahead or far behind the curve which allows the state to get data before making any rush to judgment. self-proclaimed venezuelan leader has won the support of most of europe as the u.s. led campaign to out nicolas maduro accelerate. the european union failed to offer its backing. trading of venezuelan debt has come to a standstill. stopped trading the note and debt after the treasury issued instructions, banning most transactions. the aussie dollar sliding today, , a trade

haidi: haidi: the stop stories we're covering.set to rise as wall street surged to a 10 week i. the kiwi is down but the aussie is little change. trade records back in washington and signs of pro

i'm haidi stroud-watts. this is bloomberg. david: coming up on the program, we are talking honda, hitting the brakes in britain and putting the blame on brexit. we discussed what that means for british and japanese automakers. rishaad: will a slowdown in the united states make a bullish case for emerging-market equities? this is bloomberg. ♪ david: welcome back. have a look at these equity markets. slightly more green, not as much as yesterday, but of about 0.1%. drifting higher is the way we are framing what is happening now. rishaad: absolutely. we've still got morgan stanley strategist jonathan garner. last year, some dollar liquidity issues that we had with the whole atmosphere dominated by a tightening scenario from the fed. has that dovish tone changed the game? yes, it is one of a number of important reversals. the other being china's policy. we also have had a lower oil price. that is important for asian emerging markets. about 90% of market cap sits in oil exporting countries. these reversals are li

haidi: australian markets have just opened for trade. sophie: i'm sophie kamaruddin in hong kong.aybreak: europe." haidi: our top stories this thursday, markets with a muted is dialingington back expectations for sweeping trade deal. jay powell says it's

haidi: our top stories this thursday, investors are awaiting trade numbers out of china.

haidi: wall street closes lower in listless trade after disappointing retail sales data and signs thatmp will declare a national emergenc

haidi: spotify's moving into podcast. -- podcasting.t disclosed but it was reported that spotify is planning to spend more than $200 million on gimlet. podcasts like homecoming, which was recently adapted into the tv show. there is a possible collaboration on an electric fan -- van for daimler. they did well the last time they cooperated with tesla. it sold its stake in a company in 2014 for $780 million profit. and, one founder wants to close a gap between the company's market value in what he thinks it is worth. he is through the largest buyback, $5.5 billion of stock. proceeds from the scale of the company's telecom business will be used for their repurchase. those are the top global tech stories of the day. shery: from trade tensions to huawei, concerns about china continue to spiral in the u.s. -- but there is a wider view when you look at the pipeline for chinese companies that want to go public in the u.s. one of the optimist is drew bernstein. he will talk us through the ipo process. he joins us here in new york. what are chines

haidi: huawei unveiled a brand-new very expensive phone at the convention.e we get to the pricey atnes, huawei poking fun u.s. intelligence but it was interesting hearing from phone executives speaking with one voice and saying they need access and diverse city when it comes to suppliers and potentially the huawei been could risk the delay to a 5g rollout. >> huawei has main -- two main parts to their phone. they provide 5g equipment for infrastructures and carriers around the world. the other thing, they make these phones. they introduced a $2600. all phone. -- foldable phone. their five g technology is also fairly advanced. that gives carriers a conundrum. what if their consumers want to buy huawei phones that governments are not allowing them to sell? also, 5g. what happens when customers are asking for 5g? the carriers that offer that functionality will have a competitive advantage. innovation and the hardware space, as well as the advancements in the 5g and carrier network space, huawei has the carriers in not so great a position. emily: all of this neg

haidi: a very good morning in sydney. shery: good evening from new york. so forth from hong kong, welcome to day break asia. haidi: our top stories, a mixed nothing to d does alter the view of its policy path this year. with the latest minutes showing to ers are committed patience and want to end the balance sheet runoff this ye

. ♪ haidi: welcome to daybreak australia.hery ahn and bloomberg's world headquarters in new york. sophie: we're counting down to asia's major market open. haidi: the top stories we are covering, china's robust start as market return from the holiday break. yuan is under pressure from a strong dollar. trade is it to dominate the week again as negotiators meet in beijing. the vice premier will again join the negotiation.

haidi: with your first word headlines. president trump's inaugural committee concerns have been subpoenaed and intend to cooperate. it is not said who sent the papers but abc news reported it came from federal prosecutors in new york. the president is preparing for his delayed state of the union address, with a new government shutdown feared. he repeatedly set any congress security deal that does not fund his wall would be a waste of time. the investment arm of the abu dhabi government sold 35 million shares in the u.s. chipmaker amd. it now plans to convert 75 million into equity. the company has been one of the biggest shareholders after 11 years. adds it will have a 6.9% stake after the transaction. to go public in the u.s., but declined to offer details. it is working with goldman sachs, morgan stanley. it will forgo the traditional ipo and sell shares to bidders in a direct listing. the holiday of the lunar new year, asian markets closed. the first day of the year of the paid. take a look at the australian sessions. t

>> i'm haidi stroud-watts with your first word headlines. the next edition has been approved back to india. the former head of the team and chairman of the group is wanted of alleged fraud over his now-defunct kingfisher airlines. he is said to own over $1.2 billion and is being accused of misrepresenting how bank loans would be used. he denies wrongdoing and has 14 days to appeal. leading iron or producer is halting work at a mine in brazil while the appeals process is underway. not an the dam is upstream barrier like the one that collapsed like -- last month. it is potentially removing 13 tons of iron ore from the market annually. january's disaster killed at least 130 people. we are getting some breaking news crossing the bloomberg. the reserve bank of australia out with its first decision of the year, leaving that cash rate unchanged at 1.5% for another policy meeting. gradual inflation will pick up over the next couple years. progress in jobless rates, inflation expected to be gradual, saying the rates being lowered continue to support

. ♪ >> i'm haidi stroud-watts with your first word headlines.t edition has been approved back to india. the former head of the team and chairman of the group is wanted of alleged fraud over his now-defunct kingfisher airlines. he is said to own over $1.2 billion and is being accused of misrepresenting how bank loans would be used. he denies wrongdoing and has 14 days to appeal. leading iron or producer is halting work at a mine in brazil while the appeals process is underway. notays the dam is

[laughter] haidi: lots more ahead, do stick with us.is bloomberg. ♪ pr exec isbook's top leaving the media giant after eight years. the company remains under fire over privacy issues and its role in russian efforts to manipulate the 2016 u.s. presidential election. she will stay with the company until a replacement is found. foxconn says it still plans to build a manufacturing plant in the state of wisconsin, creating as many as 13,000 well-paying workers.wisconsin many on the ground say it's simply not the case. how to the promises here differ from reality? been talking to a lot of people on the ground at foxconn. so far, the big differences are that they say things are not living up to promises, the pay has been low, workers feel expendable, foxconn is making an aggressive push toward automation, me a lot of their roles -- meaning there roles could be obsolete in coming years. people say training is an issue. in one case a worker had his finger nearly sliced off on the production line. so there has been a disparity between what was pr

to "daybreak haidi: asia looks set to end a limited week in decline amid growing concerns about tradetrump seeing no meeting with china. investors already worried about

haidi: apple is planning to unveil new video subscription offerings next month.e first major new digital services from the company since 2015. it's similar to amazon's prime video. it will include tv shows and movies, all funded by apple. the pay service will launch by summer. new questions surrounding uber's license to operate in the city of london. the city's taxi drivers brought a legal challenge against a ruling that granted uber a probationary license to operate in the u.k. london's transit authority had previously revoked an earlier permit over safety concerns. initial offerings are plentiful despite a rocky pasture for -- past year for cryptocurrencies. about 70% a holding token sales. another 17 are planning ipos as of last week. the market is at a fraction of what it was back in 2018 but are launching overseas instead of in the u.s. and are targeting wealthy investors. those are your top global tech stories of the day that we are watching. emily: rakitin is one of japan's biggest conglomerates and in the crosshairs of the trade war. we talked about a ran