haslinda amin. bloomberg. paul: thanks very much, haslinda. let's check the state of play for the markets. asx off .6%, and all sectors are lower. the only major sector in the green right now, materials, but only just. s&p has been trading for a while by, currently off by .5% -- .2%. adam haigh is with us. adam, how is this chatter about president trump and jay powell going to affect things through the lens of last week's volatile trading? it isyou can say unsettling people and that is the message we are getting from the trading desk this morning. stephen mnuchin has come out with some fairly, you know, categorical statements about people's nerves, and that seems to be working at the moment if you look at the prices we are seeing on our screens where you had a bit of thestrengthening against dollar, but nothing to bed, and indeed, you had a weakness open on the s&p 500, but they have come back and they are looking only slightly down at the moment, so clearly, the overall context here is we still hav

haslinda: u.k.shing back at the idea of a second brexit referendum denying talks on the issue. speculation of a new vote has been rising since the prime minister abandoned a parliamentary vote on her deal with brussels. tony blair attacked for championing her so-called people's votes. she faces more intense questioning in the comments later on monday. renault is set to be pushing nissan to call an urgent shareholder meeting to discuss governance, it's indictment in the affair, and the relations with the two companies. renault has written to me something last week's indictment creates enough and risks for the stability of their long-running alliance. the news on is scheduled to meet later on monday. more than 40 people were taken to a hospital after a parcel explosion in the northern japanese city. it,s not known what caused which left one person in critical condition. one witness told look media that there was a smell of gas in the air after the explosion. global news, 24 hours a day, on air and @ti

let's get you to first word news with test haslinda amin. -- with haslinda amin. haslinda: u.k.fficials are pushing back at the idea of a second brexit referendum. on theey have held talks issue. speculation of a new vote has been rising since the prime minister abandon a vote on her deal with brussels. she attacked former leader tony blair for championing the so-called people votes. she faces questioning in the comments later on monday. north korea has told the united states that sanctions and pressure will not force it to alter its nuclear program. such measures do not work and washington should concentrate on improving relations. the agency added president trump should back up his frequent claims about wanting better ties with north korea. pushingis said to be nissan to call an urgent shareholder meeting to discuss governance. affairdictment in the and relations between the two companies. rideau has written to nissan saying last week's indictment created significant risk to the civility of their rock -- of their long-running alliance. the nissan board is scheduled to meet lat

haslinda: it is 10:00 a.m. in singapore. reports from beijing say policymakers are making room for a triple are cut next year -- triple-r cut next year. will notays the cuts be likely and the bank will use the medium term lending facility again, if it works well. new regulations promising to treat all companies equally. the rules go into effect immediately and contain four types of business and 147 categories were government permits are required. the domination of chinese owned countries is one of the issues in the current trade dispute. the first female head of security and exchange commission. she is currently at the ministry of justice and will take over as the secretary general, having been approved by the. she holds a law degree from harvard and an mba from berkeley thework at the sec in 1990's. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. checking on markets. indonesia has just joined the trading day. we start off with china, currently flat

i'm haslinda amin.his is bloomberg. hours a day.s 24 kathleen: a firestone for investors. on top of the government shutdown, steve mnuchin has had to assure markets that jay job is safe. it's a whirlwind of things going on. i cannot remember recently a choice for-36-our time when so much has come out of the white house affecting the markets. reporter: it's absolutely right. anyone who thought we were going is flat out holiday wrong. and as you say, we had secretary steve mnuchin the incoming chief of staff mick mulvaney, trying to assure the markets basically about the bloomberg scope we had on friday night the president what the fedt with is up to, that he has talked about firing jerome powell. they try to tempt this down with the statement attributed to trump. it did not say from trump himself, saying he does not think that he has the power to do that and he has not consider doing it. whether that columns the markets , i think, is an open debate and the markets will tell us whether they believe it or

drew: thank you. ♪ haslinda: it is 10:00 a.m. in singapore.ts from beijing say policymakers are making room for a triple are cut next year -- triple-r cut next year. will notays the cuts be likely and the bank will use the medium term lending facility again, if it works well. new regulations promising to treat all companies equally. the rules go into effect immediately and contain four types of

haslinda: it is 10:30 a.m. in singapore. i am haslinda amin. policy makers beijing say room cut next year with monetary policy. davidonomic information says the cut in rates would be unlikely. a former pboc officials says the bank will probably use them in him term lending -- the medium term lending facility again, if it works. chinese leaders helping banks replenish capital after the file theelp the -- vow to help rocket sector. risemes as financing costs and authorities want to reduce risks to the financial sector. lenders want to improve buffers as swelling debt requires them to increase provisions amid a slowing economy. the bank of korea is keeping its 2% inflation target for the foreseeable future, even as projections indicate it is out of reach amid a slowing economy. inflation hit 2% in november, but spent most of the year below that target. the government said this week that the economy will grow this year and the next at the slowest rate since 2012. global news 24 hours a day powered by more than 2700 journalists and analysts in more

haslinda: it is 9:00 in singapore. here are the first word headlines. president trump expressed support for treasury secretary steven mnuchin and after questions about why he discussed bank liquidity when it did not seem to be a problem. the president said stephen mnuchin is talented and appeared to roll back his criticism of jerome powell. but he is raising rates, is confident policymakers will quote, get it. china has released new regulations promising to treat all companies equally, whether they are state-owned, private, or foreigners. the rules go into effect immediately and complain four bad kinds of business and a further 147 categories where permits are required. it is one of the main issues for the u.s. in the current trade dispute. the boj has released the minutes from its october meeting with some board members saying policy changers they made in july have had the intended effect on markets. but one policymakers of the federal bank should be examining side effects of the policies while others said more policy coordination with the government i

haslinda: you are comfortable with where the sing dollar is?my: that was the singapore prime minister in waiting. to the central bank world now and the end of 2018 has been far from a harlot day -- a holiday for them. talked to jay powell and the pboc pushing back on suggestions it is revving up its monetary policy engine. is here for more. what could powell and trump, if they meet, get out of this? kathleen: bury the hatchet, be best friends. criticize the public again, and jay powell says i will not raise interest rates. that is a joke, but what is going on, the wall street journal reported a week ago staffers at the white house were trying to set up a meeting with jay powell. president trump must also realize after a week in stocks, it wasn't only reports he is thinking of firing the fed chair, i think it is more broadly this is one more sense of unease. we will see if anything comes to this. what if they do have some kind of agreement and everyone says it wasn't jay powell being, getting president trump to come to him, it was him came in --

. ♪ haslinda: it is 9:00 in singapore. here are the first word headlines.nt trump expressed support for treasury secretary steven mnuchin and after questions about why he discussed bank liquidity when it did not seem to be a problem. the president said stephen mnuchin is talented and appeared to roll back his criticism of jerome powell. but he is raising rates, is confident policymakers will quote, get it. china has released new regulations promising to treat all companies equally, whether they are state-owned, private, or foreigners. the rules go into effect immediately and complain four bad

haslinda: first word headlines. policymakers will triple r cut next year. however, the economic information says the cut in rates would be unlikely. a former pboc official says the bank will probably use the medium term lending facility again. the bank of korea said that keeping its 2% inflation target for the for seeable future, even if projections indicate it is out of reach amid a slowing economy. it hit inflation at 2% in november, but spent the rest of the year will below. south korean officials are in the north for a groundbreaking ceremony to modernize the road and rail network and connect them across the border. a joint survey. any program is expected to take decades. they can't make much headway's while u.s. sanctions remain in force. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. amin.slinda the msci currently in positive territory. china is down .1%. losses, too, for korea as well as sdi. let's look at how indian futures are pointing. they are pointing to a hi

haslinda: first word headlines. policymakers will triple r cut next year.ic information says the cut in rates would be unlikely. a former pboc official says the bank will probably use the medium term lending facility again. the bank of korea said that

i'm haslinda for first word headlines. questions about steve mnuchin considering liquidity when it did not seem proper. ae president said mnuchin is -- policymakers will "get it" ready soon. releasing new regulations promising to treat all companies equally whether they are companies,s, private or foreigners. the role will go into effect immediately and be for all types of business and further 147 categories. of china's trade is one of the main issues in the current trade dispute. the number of people now known to have died in the indonesian tsunami is at 400. with 1500 injured and dozens still unaccounted for, the giant waves are thought to have been caused by part of the nearby volcano. for days.n corrupting it may put further pressure on the economy. europe's biggest talking of continues to vent ashtead lava. edna has been increasingly active since july. the airport was closed for a while on christmas day, but has since reopened. local news 24 hours a day and. tictoc on twitter powered by more than 2700 journalists and

. ♪ haslinda: by anyone's measure, china's belt and road initiative is massive.e linking china to the world, road or rail, sea, and pipeline to pipeline. reinvigorating the ancient trading route, africa, the middle east, southeast asia. an ambitious upgrade which

haslinda: -- yuri: many things have changed since then.estor base is very global since that time. emily: just one more question. you have invested in facebook , alibaba and flip card. , what do you think is the next big thing in technology and where is the next big thing in terms of the hot region for tech investment? yuri: well if you look at the , previous 10 years, if you add u.s. and china, that would be 90% of all value that was created in internet. europe is around 3%, the rest of the world around 7%, so logically speaking, you would think that europe should be doing much better in the future, sort of catching up with the u.s. and china. i think china can increase their share as chinese companies go global. i think that we will see more value accruing to chinese companies. emily: more than there is in the united states? yuri: well, that remains to be seen. but i think the amazing success that u.s. companies have enjoyed in the last 15 to 20 years was really based on the fact that those are global companies. emily: what about technolo

i think it will be done in a very -- haslinda: giving the into ms.at play out with the rupee? charu: i think the markets will wait for more of his communications. like i said earlier there is some risk given that he is more communicative. we have seen him sending signals to the market which we did not see. hopefully no more confusion in the markets, thank you so much for that. if you're a bloomberg subscriber you can 10 trump with all of our interviews by using the interactive function. you can join the conversation by sending instant messages to our team during the live shows. check it out, this is bloomberg. ♪ let's do a latest check of the headlines. engineering company is close to the sale of 80% of its unit to hitachi. att will value the business $11 billion. storage andergy would let them focus on robotics and automation. the deal could be announced on monday. rishaad: china handing over the first from its plan. has the made jet in america label, being flown over seattle. planes being built is heading to china. yvonne: it expects to complete a