let's get the first word with haidi lun. haidi: thanks. says a broad-based weakening of inflation pressures is behind this month's surprise interest rate cut. the german central bank's first reduction in the year coming after cpi fell on the first quarter for the first time since 2008. this adds the growth look remaining steady. the aussie dollar jumping, as analysts say it was viewed as a slamdunk, reducing the likelihood of a follow-up move come june. billionaire george force has cut his plans in the new york stock -- in the world's biggest oil producer. that risk from china's economy is creating a hard landing for the company. it could worsen global deflationary pressures and dragged down stocks. plans to increase holdings of gold and other precious metals, demand lifted from uncertainty around the u.s. elections and recent eu referendums. the chief investment officer says gold, silver, and platinum markets could rebrand by as much as 40% to a level last seen in october, 2012. the u.s. has finally reviewed how much of its debt is owed b

i'm haidi lun. angie: delta airlines has a new boss today. takes over today.uch more global airline. >> we are going to continue to do what we do, running the best airline on the planet. we can do better. we are to continue investing in and making sure the service levels continue to grow. we set records three years in a row. 2015 will be another record-breaking year. there is more we can do. customer extrication's -- expectations are rising. the other thing is the continued international expansion of our business. we have been active the past five years. we're in the process of doing another deal in mexico. the u.s. industry is largely a mature industry. there is growth in this industry. there are not new markets or airports being constructed. if you're going to look to grow for the future, it has to be outside the u.s. there are still greater opportunities to be had. >> where? >> brazil. we're hoping to close a deal and mexico. the economy is growing, there is young population. mexico city is the largest city in the world and it is across our border. china is

haidi lun does there. we have circuits in japan, nervousness ahead of janet yellen. could be a volatile week. a relatively angry market around this part of the world. having said that we seen simply good gains coming through at this point. as you see it is waiting for signals out of the fed. we will be looking for indicators of whether the market should be repricing these expectations to a june july or september hike. we are of those session lows with the yen strengthening the little bit with some disappointment that g-20 ministers did not manage to reach any sort of a currency on how to get global growth going forward. we also have a coming from australia weighing on the energy sector there refiners and some of the iron ore as well. it is actually a put a good picture. volatility when it comes to the mainland china stocks. that's drowning some of the gains that we see in shanghai. concerns that the chinese economy is still seen buying out of industrials. tech stocks are also driving these gains were seeing. the biggest gain in eight months. and it's just on one stor

haidi lun as details. what the fed said, weighing on asia markets them? haidi: that is right.t seems like a session for soul-searching here in asia. as they getmselves, overnight in the u.s., did we really drastically miss price expectation for june? the event.align with we are seeing downside across the region. did have a early gains coming through from japan. strong when it comes to machine orders, a very good gauge for cap x. that was very quickly gone. we had again strength creeping up, down by about 1/10 of 1%. had some as well, we deepening numbers in terms of jobs for april. but still, the extending of the losses to the afternoon by 9/10 of 1%. in southeast asia, a sea of red. gdp first quarter coming in at 6.9% or the philippines. a very strong number, but philippine stocks are off by 1%. they did hit a nine-month high earlier just this week. a lot of of the selloff is being concentrated in the emerging market space. you do have central-bank activity coming through. malaysia down by -- the central bank decision coming from the governor. later today not expected to move

here is haidi lun. i: not as bad when it comes to how things turned out in the u.s. section. when it comes to the price of repackaging the expectation of the fed going as soon as next month. asia is not quite there yet. we are seeing very strong gains, after gains and losses in the morning session, various numbers coming up from hong kong. up 2/10 of 1%. weakness when it comes to some of these percent banks. and one of the lenders now going to be streaming down the presence in the indian market. shanghai hanging above the 2800 level, up 1/10 the 1%. the u.s. number is on the longest using streak this year on the back of this resurgent dollar strength we are seeing. expectations from the hawkish fed. elsewhere, energy stocks are driving higher. look at the recovery rally, if you will, after the selloff there. the past couple of days, also watching the afternoon session. and a reduced session -- a gets underway. and we are capping hong kong and china at the top of the hour. back to thecome best of bloomberg markets, middle east. i am rishaad salamat. the news out of the region

haidi lun there. manus: still with us here in the energy ceoo is qamar robin mills.e watching that and we were chatting about correlation between oil and stocks. it is inextricable at the moment. you can't break it. robin: this is the challenge could we had the prince saying they need to break that link, so you don't see the saudi economy completely dependent on what is going on in the oil market. manus: integral to that piece on the chessboard is the ipo of aramco. you talk to many companies in the gulf region. what is the most pressing issue, when they re-envision 2030, when they hear from the crown prince. what is the most pressing issue? robin: they are all concerned about what this means for the saudi economy. simply, is it going to work? because the saudi economy is the biggest in the region, and affects everything else, all of its neighbors, the oil markets as well. ofus: there is a level fiscal constraint here. we saw a blue dobby pullback and -- abu dhabi pull back and now the saudis are pulling back. past, in the diversification was largely about putting oi

we've got haidi lun here for a closer look.one know that boj on this massive monetary expansion plan with this record bond-buying purchase, and it is starting to be felt when you look at the monetary supply. toan's money supply is close overtaking the u.s. in some sense, this is building up to be a signal for yen weakness, and we know this relentlessly strong yen trajectory, it still up 11 byng 1% against the dollar. this has been a headache for kuroda. this is what we are looking at. we are calling this the soros chart. george soros in 1996 did predict that if you had this kind of extraordinary monetary base expansion, what you are going to see, he said, was two years of yen weakness. 1998, we had the yen tumbling against the dollar. the white line here is japan versus the u.s. monetary base ratio, which had been moving in quite an extra in a way as the boj continues to go on these bond-buying purchases. we are looking at the possibility it could outstrip the u.s. monetary base as soon as this month. gdp.already 77% of nominal

[laughter] lun andme now are haidi an analyst from private capital. >> i don't like people enough toth 8000 of my closest -- [laughter] angie: but a big majority of that is going to be chinese traveling because apparently they might not be coming into hong kong. they are still traveling. >> they love traveling and they are very open-minded. it is like japanese in the 1970's and americans in the 1950's. angie: is that a good sector to be in? >> it depends on where they are spending. i'm of the view the chinese will mainland chinese will continue money and spending abroad especially with luxury goods, and that is also a great import story for countries who are folding to buy shares of luxury goods, because they are less sensitive to the in demand. nationone money-laundering is another person's capital saving. >> trash. there we go again. sorry. so do you want to continue on china? some more warning signs. this is the way i read it. you call them deep throat, here is this anonymous i with a full-page article. you have to have some clout when you have front page, some clout to do this. n