haidi: not surprising we president trump complain about the fed.soned wall street fed watchers complaining, too. mark: it would not -- kathleen: it would not be a fed meeting without donald trump complaining, but trump feels the fed should have made a bigger rate cut. he wants more help from the fed when it comes to fighting off the impact of this trade war. it shows no signs of ending. yes, let's move on to mccarthy, the chief financial economist at jefferies in new york. he was an economist at the richmond fed, a season fed watcher. he says he thanked the fed is taking an action that is not defensible, and that jay had a tough time giving a defense of it at the fomc. the fomc is clearly suffering from anxiety, but neither the policy statement are the powell press conference provided a compelling case the rate price stability rest these issues. when michael mckee estimate -- asked him about this, jay was may be struggling a bit to answer. let me share you with something jim bullard told me last month when i asked him how about what a rate cut woul

haidi: we saw -- shery: we saw a downfall while the s&p 500 was down .2% of your declines on the s&p 500. we have a very strong u.s. jobs two hundred 24,000, beating expectations. that leading to traders curving back the fed rate cut expectations to the treasury yield, the 10-year yield come at least 2%, and equity markets fall from highs. we see futures unchanged at the moment. shaping upow we are for the asian markets. could be looking at a risk-off session today with stocks already under pressure in wellington. some we could see in tokyo. futures are pointed higher. the tech industry navigating japan. the south korean president yesterday moved. 200 is set to lose points, but it is not too far off from the all-time high off of that mark. checking in on the turkish lira, after falling as much as 3.5% early in the asian session, we are going to see more action when money comes on long, facing backlash from president are to wine firing the bank chief -- president erdogan firing the bank chief. trace figures from china and taiwan. we have the latest reading on aussie jobs. ahead of tha

haidi: let's check in -- paul: let's check in on the first word news. >> north korea has launched projectiles from the eastern part of the peninsula. japan confirmed two missiles were fired. chiefs of staff say they flew for about 430 kilometers. lee launches come weeks after kim jong-un president trump in the demilitarized zone and agreed to restart stalled talks on the north's nuclear program. boris johnson promoted a string of brexit enthusiasts to his first u.k. cabinet, shaking the government to drive the country out of the eu. 19 of theresa may's leaders left the team. johnson will set out his priorities later thursday. he says it is time to take action to move the country forward. >> i have every confidence that in 99 days time we will have cracked it. but you know what? we are not going to wait and 99 days. because the british people have had enough of waiting. , totime has come to act make decisions, to give strong leadership and to change this country for the better. >> former special counsel robert mueller finally testified on capitol hill, but democrats largely failed to achieve t

haidi: so there is definitely -- paul: so there is definitely some motivation.t is due to take effect in five weeks. how hard will it be to remove the devices in that amount of time? olivia: it will be near impossible. that comes down to the fact that the sheer number is insurmountable. in addition to that there are two other layers of complexity. we have a complicated supply chain where you have u.s. manufacturers who are able to buy these chinese cameras, rebrand them or relabel them, bring them into the u.s. and sell them as their own. that effectively means when you walk into your local bodega or a parking lot or at your local bank you might see a camera with inanasonic label on it, but reality it is a chinese device in disguise. in addition to that, these federal agencies who are tasked with implementing this ban, the majority of them do not have the software available to know what devices they are actually running on their networks. they don't know how many cameras there are or where they are. that means they will have to remove these cameras manually one

it's not really the time to be long haidi to currencies.t think that is sustainable. where do you see it heading from here? >> the seven level will continue to be spoken about a lot. at some stage, that can be breached. we are relatively neutral overall as a bank. i do feel that the risks remain that dollar one stays higher from here. i'm not as bullish as some is the -- in the market. shery: thank you so much for that. joining us from sydney. our jpmorgan australia executive director. you can get a roundup of the stories that you need to know to get your day going in today's edition of daybreak. bloomberg subscribers, go to your terminals. also available on mobile. you can customize your settings so you only get the news on the industries and assets you care about. this is bloomberg. ♪ shery: this is daybreak asia. let's get a quick check now with the latest business flash headlines. deutsche bank's radical revamp includes an exit from servicing hedge fund clients in the plan could seal most $170 billion of funds transferred to be in be pa