now first word news with haslinda amin. haslinda: iran says venezuela and iraq will join it in blocking the saudi-russian led proposal to increase oil oduction with opec and its allies meeting in vienna. has succeededpact in balancing oil markets and lifting crude prices and the biggest producers want a relaxation as soon as next month. russia said opec and its allies may consider 1.5 million barrels a day. largestmains the foreign owner of treasuries in april, even with a slight drop in holdings. the start policy as bond builds and increased by $5.8 billion to $1.1 trillion. the appetite for u.s. debt shows few signs of waning. drop saw its treasuries $12.3 billion. the colombians have elected a president. the 41-year-old ran on a market friendly campaign of cutting taxes on company profits to help the economy. he claimed 54% of votes and will take office in august with the country at its most peaceful of decades. we are seeing more big shocks for the top nations at the fifa world cup. brazil have failed to win their openin

haslinda amin is there. pay attention to a fed meeting on wednesday, other important meetings as well. at the daya look chart before we dive into what we saw in quebec and what we will see in singapore. i did notice taylor mentioned the decline in bitcoin. oil a bit off this morning. francine: i wish i saw italian bonds but i have the euro. there is quite a lot going on when it comes to italy on the back of the italian finance minister saying they are committed to the euro. italian bonds and stocks are surging. european stocks are rising. investors bracing for one of the busiest weeks of the year. we have three of the world's major central banks will set interest rates, and president trump will meet north korea's leader. let's get more on the historic summit in singapore. donald trump and the north korean leader have arrived ahead of tomorrow's meeting. trump has said he will know immediately whether the summit will be a success. >> how long would it take? i think within the first minute. very quickly i will

i am haslinda amin in singapore. world, he is a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefront of what is today an estimated $100 billion industry. tan min-liang is today's high flyer. though consistently rated am

i am haslinda amin. this is bloomberg. ♪ haidi: commerce secretary wilbur ross says some progress was made in his trade talks in beijing, but china struck a chilly town tone sayingets -- all bets would be off. what do we know about the discussions and the weekend in beijing? mark: secretary ross was trying to put a good face on this that there was progress being made, but there is an ominous statement from the chinese that if the u.s. goes forward with the tariffs as it plans to, any commitment made so far in the three rounds of talks would be off. you have all these mixed signals from the administration. after the last round, there was the big framework of an agreement -- fake -- vague framework of an agreement. they said there would be no trade war. only a few days later, the white house says it is back on. you have conflicting signals from the administration, and it undercuts the attempts to negotiate some kind of deal. ramy: from strategic competition strategicthe competition in the g7, we are seeing

haslinda: i'm haslinda amin. e war fears getting stocks in tokyo, despite strong export numbers, the markets in the firing line. china and taiwan closed for public holiday. haslinda: president trump warns he's ready to escalate the terrorists ba -- the tariff bat tles. rishaad: oil under the pump, opec divided over boosting assets. bon turn away from malaysia. swirls by aebt quarter trillion dollars. ♪ markets, whatade we have is a move down by 2.6%. but just looking at the still therupee, it's worst-performing currency in asia with declines broad-based to trade tariffs, some $50 billion worth of goods in china retaliating, oh waiting on industry groups affected their. earlierentator we had said it is now getting real, the bluffing is over. has? haslinda: rish, last week we were focused on the ecb, the fe d, but this week the focus is on oil. there is no consensus what opec will do, iran and iraq saying they are against a output increasedn, but saudi arabia and russia are the bigger output producers. an increase o

i am haslinda amin in singapore., he is a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefront of what is today an estimated $100 billion industry. tan min-liang is today's high flyer. though consistently rated among the best gaming laptops in the

we want to thank haslinda amin and mark cudmore and stephen engle. let's get the bloomberg first word news. donald trump has said he has signed an important document with north korea's kim jong-un. working toward a complete earization of the korean peninsula and commit to a lasting and stable peace. donald trump is scheduled to hold a news conference after the historic one-to-one meeting. withr whole relationship north korea and the korean is mine to be a much different situation than it has in the we both want to do something. we're both going to do something. we have developed a very special bond. trump's topd economic advisor has suffered a mild heart attack. the white house says he is doing well. larry kudlow has been a longtime confidant and accompanied him to the g7 in quebec. it ended with kudlow backing up the president'irritation with some of america's traditional allies, most notably, canada. the imf's managing director christine lagarde had said threats to the global economy are rising. she said the clouds are getting darker, the chick of

i'm david ingles. >> i'm haslinda amin in singapore.g his way to meet the prime minister of singapore, singapore is hosting this historic summit. the road to singapore, though, has been pretty bumpy, on again, off again. thep has noted that this is one time kim has to strike a deal with the u.s. of course there has been a gap in the definition of denuclearization, the u.s. wanting complete denuclearization, north korea wanting face. it also wants its security to be guaranteed on the back of that. some concessions will have to be made during the summit tomorrow. it is going to be a tough one for both sides. >> certainly well. in a few minutes, president trump is expected to meet the prime minister of singapore. in two hours, he leaves the palace and will be arriving at the shangri-la. lots more coming up on bloomberg television. ♪ 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 busine

i am haslinda amin in singapore.n the gaming world, he is a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefront of what is today an estimated $100 billion industry. tan min-liang is today's high flyer. though consistently rated among the best gaming laptops in the world, razer began with a mouse and grew from there. a market long neglected by the hardware giants, but one which has seen phenomenal growth. key to razer's success is building its brand around a club-like atmosphere, a slick logo, and stores that act like gaming dens in the real world. ♪ >> welcome to the first razer store in hong kong. [applause] >> thank you. haslinda: a cult figure at the company. ♪ haslinda: tan min-liang, welcome to "high flyers." we are excited to have you here. so you ditched law to be a gamer. huge gamer. min-liang: yes. haslinda: tell us what happened. min-liang: i was trained as a lawyer. i practiced law for about t

haslinda amin sat down with him for an exclusive interview this week. : everyime minister mahathir countryto dominate the whole world. of the. worldalth should be shared with all countries haslinda: your personal thoughts on president trump? isme minister mahathir: ihe mercurial and that he changes his mind always. first, he wants to be better than -- then he met. now he thinks president kim a great person to do business with. so, can you trust a man who changes his mind about issues and policies every other day? prime minister mahathir: when you have a man like that, you need to be cautious. you need to know whether this is for real or not. haslinda: how would you deal with a man like president trump? prime minister mahathir: like any normal person because nobody in this world is perfect. everybody has weaknesses. we have to deal with them. nknowing their weaknesses as well as their strengths. e worlda: do you think th order would change with a leader like trump, has it changed? we seem to have issues with nafta. now tensions between the u.s. and china with regards to trade. are you conce

i'm haslinda amin. >> i'm david ingles. let's have a look at markets.or 11 weeks and a lot of it comes down to what's happening in japan. let's give you a sense of the big sector movers. there is no one consistent theme, but the top of the heap is transport equipment and the transport index. nonferrous medical punching above its weight. today, what's happening a very decent debt. >> that's right. japanese stocks leading today's gains, rising on u.s. economic optimism in anticipation of the trump-team summit. let's get more on that with the head of asian equities. japan, sayingon the market has yet to reflect higher earnings. good to have you with us. why is the strong yen a concern here for japanese stocks? >> the yen is not that strong. agoust reported a few weeks it was slightly weaker versus the year before although we but inarch around 1.06, the context of the last fiscal year earnings were up 22% against a relatively strong yen. the strong yen is not really hurting profitability and doesn't impact the market perception of japan as macro trade. >> t

i am pleased to say that this morning, i am joined by haslinda amin in singapore. you.morning to trying to keep track of president trump his movement. what are we expecting for the next couple of days? with, just astart year ago, he was talking about fire and fury, and he called kim a littleretty much rocket man. a year on, here he is with little rocket man himself, talking about the prospect of denuclearization. there has been a huge gap in the definition on both sides. a have the u.s. asking for complete and speedy denuclearization. we have north korea wanting a more phased-in denuclearization. security tont their be guaranteed. whether those compromises can be made when they meet tomorrow remains to be seen. trump said he's optimistic, but remember that over the last few weeks, he's tapered down his expectations of this meeting. obviously, he's not expecting the moon and sky. anna: the excitement of the g7. poised to see what this can deliver. but have a look at where the markets are and how they are digesting the news flow from the g7. the standoff with trump a

let's go to haslinda amin, who spoke with him in his first interview with international media.is the new guy in town that is taking whatever it takes approach. >> he is the new guy in town, but he has been with the bank for more than 30 years. he has gone through several crisis. the impression is he knows what he is doing. he is saying the pace is a key issue for central bankers. just like r.b.i. governor, he is urging the fed to slow the pace of stimulus. he says that will support not just indonesia's growth, but global growth as a whole. even though every country must decide policy themselves, you have to take into account the impact of the actions on other countries, especially em's which are vulnerable to that. the market is anticipating another big rate hike next week. em are bracing for a further selloff. indonesia has anticipated that, it raised rates recently in an unscheduled meeting, increasing its policy rate by 25 points. let's listen in to what he had to say. lessons --he key [indiscernible] >> you talk about preempting, is there a need for another rate hike? we ca

haslinda amin we are awaiting the discussion between trump and kim. if anything comes out it. for now, paul allen was first word news in sydney. 's toppresident trump economic advisor has suffered a mild heart attack. the president tweeted that larry kudlow is in walter reed and is doing well. larry kudlow has been a longtime confidante of the president and accompanied him to last week's g7. the acrimonious meeting ending with kudlow backing up the president irritation. secretary of defense james mattis has suggested u.s. troop levels will not be on the negotiating table and singapore. he says any discussion about reducing the soldiers in south korea would strictly be between washington and seoul. questions about troop levels rose after u.s. officials repeatedly said the trump administration is willing to offer security guarantees to pyongyang. theresa may is in advanced talks to head off a rebellion by pro-european members of her departed conservative party. the brexit secretary says they back compromise amendments on customs arrangements with the eu

i am haslinda amin. this is bloomberg. more on what we should be watching us trading gets underway. markets editor adam haigh joining us. it is the development of the china-u.s. trade relationship that people are focusing on what many market are closed today. how are the others likely to respond? seen someave reaction, late friday we saw commodities complex selloff a little bit and commodity currencies, the aussie dollar and canadian dollar were also hit. there has been some shift already in terms of a slight risk off reaction, but we are not seeing that in the equity markets across the board. flat,utures opening up not seeing any negative reaction. the point is this is another incremental step in these relations. we have got that july deadline, a few weeks away. ofs covers a bunch industries from technology to defense to aerospace, health care. there is a lot of idiosyncrasies with a lot -- within those, and we will not see all of those play out in public retreated in hong kong because it is a holiday. we will have to wai

david: that was the malaysian prime minister speaking with my copilot, haslinda amin.versation friday, 6:00 p.m. program, here on the we are talking airlines. choppy weather ahead as trade tensions escalate. can a falling oil price help? ♪ david: a big stakeholder in the talks in opec, airlines, going over details of production. [indiscernible] trade tensions to contend with. this, the founder of the transport research firm out of singapore. nice to see you. i want to start with opec. airlines get hit or benefit differently depending on which way they are hedged. of howave an estimate much the industry's profits get hit, or get a lift on a 1% move in oil prices? bump inwould be a 3% airline profits for every 1% drop in oil prices. the bulk of the asian airlines have limited hedging. the profit margins are razor thin. >> david: you are saying because we are hedged at 15%, most airlines get hit? >> exactly. they have been upgrading their aircraft fleets. they are operating new regeneration aircraft, which are more fuel-efficient. the helps them mitigate impact of oil pri