rishaad: it's 1029 and hong kong.ds to deliver modest timing up to keep in the key interest rate at 0.5%. an unexpected slowdown derail the hike that business had anticipated as soon as this month. he thinks he can do the tightening needed to reduce inflation to its target. >> we are not triggered rep -- we are not are happy on interest rates. we are not going to instantly raise interest rates. where going to wait until we see before we think about it. >> goldman sachs says the wage growth is lower because of crop -- productivity gains being weekend. the chief economist told bloomberg it used to be 4% but is now at 3%. he also is of the short-term risk of recession is low. >> i don't think we're at the end of the expansion. in 2018, recession 2019, and it is pretty low still. on the demand side, we are getting a good boost and that probably contributes to three fourths of a percentage point. on the supply side, while we are moving into a shortage environment, i do not think we are far beyond 4% unemployment. says five

in hong kong, i'm haiti lynn. david: i'm david. i'm here in hong kong. happy friday.his is "bloomberg markets: asia." ♪ david: a big start for asian stocks after wall street's rallies sputtered out. investors awaiting the job numbers. haidi: watching day two of these u.s.-china talks. that trade gap is blowing out. we will be live in beijing. david: president trump changes his story on stormy. admitting he did repay #any -- hush money, but saying it was legal. at the hong kong exchange for we are minutes away from the banging of the gong for hong kong's largest ipo. the biggie -- beginning of trade of health care and technology. also known as the largest health care portal in china. we will be watching the opening coming up. david: yep. lots to look forward to. a big trading debut. there's also something duet of the philippines. officially, not out yet. here's the thing. a few minutes ago we were speaking with the economic minister and secretary. he did come out with a the numbers -- with the numbers. inflation last month, he says him, 4.5%cording to or he's a economi

here in hong kong.- we're just coming out of the lunch break here in hong kong. there we go. 2.4%. the earningsabout later on but as far as a drag on the index, that is the biggest drop at nine weeks for hsbc. investors are not taking this in stride. it accounts for 70 points of the drop we saw on the hang seng. here in hong08 kong. a fair amount of drag. and health care. day that a great first people were expecting. ak sentiment here in the asia-pacific. anna: thank you, haidi lun and david in glace. -- david ingles. big focus. shares are down in hong kong. europe's largest bank also announced a share buyback of up to two leanne dollars but they said this was going to be it for 2018. $2 billion would be it. no more buybacks for 2018. it was that subject that i picked up with the cfo after the results were released. >> the by bank -- the buyback we is inced this morning line with what we have done in the last few years. from our capital management perspective, the numbers of the first quarter barrel the

rishaad: i'm rishaad salaam it in hong kong.nese set to go into the global msci indices, but there are sticking points, and those could worry brokers. there is a feeling they could change trading at that. the lack of a closing option, which people use to get today's final prices. here -- andysts analyst here. >> as you mentioned, shanghai does not have a quality to -- a closing option which is something investors are used to. this means they are assured buying and selling at the final price. that is something they will have to get used to because that will not change. it is usually more of a smile kind of trading day where there is a lot of liquidity at the open and a lot of liquidity at the close, but shanghai and shenzhen, it is made up of retail investors. it has staggered throughout the day. it does not seem that will change anytime soon, so that is one of the staggs, getting used to a different kind of trading day in mainland china. another one is just capacity. how many of these orders can trading desk phil because it is a

jason: take us back to hong kong at that time.ple go forth, we live in a global world, but these guys picking up and moving to hong kong was a very different proposition back then. nick: it was a big deal for the sky to pack up and head to hong kong. he brought three in or miss, heavy end early ibm he sees in his luggage. starts losing immediately. early on, the system doesn't work but he refines it and eventually makes it clicked. jason: because he finds when he goes there, the race track, but also asocial cultural touchstone -- konge intensity that hong has to betting on horse races -- we don't have that in america. the story opens with may be the most famous race ever at this race course. there is a single bet called the single trio. three horseshe top in any order. me.stats elude in november 2001 is where the story opens. the pot has swelled to 100 million hong kong dollars, about 13 million u.s. dollars. one in seven hong kong residents that on horse races. that is an idea of how intense the people are about the sport. the st

jason: horses, hong kong, what an epic tale.really revolutionized and made possible online gambling, which is booming and booming. i couldn't get enough of this story. carol: and won the impossible bet. jason: more bloomberg television starts right now. ♪ ♪ >> data deadline, gdp changes go into effect this month. how will the new e.u. rules affect global companies. rate refocusing? live or dead? we discuss what is at stake in $300 trillion and financial instruments. comcast is expected to take on disney by making a p

hong kong come, 1:30 p.m. joining us from sydney.ty: don't miss this, "bloomberg daybreak: america's" to american petroleum on the $23 billion endeavor to become the largest oil refiner in the u.s. and a discussion on his company's to american big earni. this is bloomberg. ♪ yvonne: this is "bloomberg daybreak: asia." betty: good doctor is set to debut this friday on the hong kong stock exchange. reports say it may be over 600 times oversubscribed. the ceo of being on investment subsidiaries tells us the chinese investor has an opportunity to be bigger than its tech industry. >> when you are deploying money, you have to be concerned. we are at a time when liquidity is abundant. there is a lot of capital chasing good ideas. medium,to focus on stage to later entrepreneurial countries. i won't call them startups. companies that are four to seven years into their lives. if they have revenues, customers, a business model, a platform, and a good introductory, chances are they will be well valued in the marketplace. our challenge is to find

in hong kong, i'm haiti lynn. david: i'm david. i'm here in hong kong. happy friday.a." ♪ david: a big start for asian stocks after wall street's rallies sputtered out. investors awaiting the job numbers. haidi: watching day two of these u.s.-china talks. that trade gap is blowing out. we will be live in beijing. david: president trump changes his story on

lots of stock movers in hong kong.k you so much for that. , lots toof rusal consider there with the billionaire founder oleg deripaska having resigned effective immediately. follows most of the board as the company tries to persuade washington to lift the sanctions. let's get it over to shanghai. yesterday there was a question around oleg deripaska's plans. was it expected and does it bode well for sanctions being lifted? >> yes. it was sort of expected because oleg deripaska signaled earlier he would not be seeking reelection to the board of rusal . he stepped down as head of his holding company. it was a bit of a surprise yesterday when you have this flurry of resignations from the board, including the ceo. i was surprised not to see oleg deripaska name there. , leaving the management of the company that he has been synonymous with for the best part of 20 years. as to whether that is enough for the u.s., i think the answer is almost certainly no. they are demanding he relinquish control of the company. he continues t

jason: horses, hong kong, what an epic tale. revolutionized and made possible online gambling, which is booming and booming. i couldn't get enough of this story. carol: and won the impossible bet. jason: more bloomberg television starts right now. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. hey! let's basement. [ grunting ] and thanks to these xfi pods, the signal reaches down here too. so sophie, i have an xfi password. and it's "daditude". simple. easy. awesome.

jason: horses, hong kong, what an epic tale.enter really revolutionized and made possible online gambling, which is booming and booming. i couldn't get enough of this story. carol: and won the impossible bet. jason: more bloomberg television starts right now. ♪ and mr. elliot, what's your wifi password? wifi? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. hey! let's basement. [ grunting ] and thanks to these xfi pods, the signal reaches down here too. so sophie, i have an xfi password. and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. ♪ emily: i am emily chang, and this is the "best of bloomberg technology," where we bring you all of our top interview from this week in tech. coming up in the next hour, chamath palihapitiya of social+capital joins us for an extended conversation on the biggest issues facing tech and venture capitalists right now. plus, uber predicts customers will hail flying taxis. we will he

jason: horses, hong kong, what an epic tale. benter really revolutionized and made possible online gambling, which is booming and booming. i couldn't get enough of this story. carol: and won the impossible bet. jason: more bloomberg television starts right now. ♪ 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 business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. announcer: the following is a paid presentation for the new worx gt revolution. it takes a special tool to make your yard want to cooperate. unruly, andwild, hard to get to into a yard you can be proud of. this is that tool. a three in one powho

here in hong ong. i'm yvonne man. welcome. rkets face a mix start after wall street closed little change. treasury yield topping 3% again. 200 mainland mpanies selected to join industries. just app after 7:00 p.m. in new york on this monday. betty liu. china looks again at qualcomm's .id for . louis's jim bull lard is worried about the economy. betty: eon -- yvonne, it was central banks that pushed the rkets today and starting out with the comment coming out on francis ville roadway, who was talking about the effort c.b. and the end of bond-buying program and noted to market par 'tis pants hikes were going to follow in months, quarters, ertainly not in years and that kind of speek spooked the narkts. -- markets a bit. show a chart of synchronized arraignment rises. yields on pretty much all the developed markets, government debt is on the rise. see the -- with the s., germ any, as well as the u.k. it's per septemberable now and we're in this synchronization when it copts remains. yvonne: right. surprise given that we were hear

we saw -- coming to hong kong to s.ek ipo we saw hong kong dollar still a fluctuate.saw -- dollar the hong kong itself with regard to the peg. >> exactly. to his is something we have be very selective, extremely selective, i should say. why i go for defensive growth. cycle, thee economic late cycle of an economic long so if you cover three years as cycles, and this three-year year of a cycle, so we have to go for defensive growth. defensive growth. >> okay. that's a very good question. rishaad: the obvious one, isn't it? >> i love house care so much. had a years, i dedicated to d china. there are three to 500 companies. the they are doing extremely well. autos --we switch out [inaudible] we were doing so well last year, we stay and are waiting healthcare. choice.y number one number two, i love banks. we were talking about this, i had -- usual banks.the you didn't like the big four particularly, did you? i said, i picked up one big one and one smaller one. bigger one did extremely well this year. china post bank. inperformed all of the banks china. we can talk about th

the hong kong dollar, we did see a jump in the currency following the use on filing. this as we are anticipating a rise in rates which have been strengthening the currency. the hong kong dollar giving back its earlier advances. -- the house index trading lower. out of stock developers under pressure. let's pull up to check on some of those big drugs in hong kong. -- fallinguto follow the most since april 18. tencent almost -- down 2%. bit of a mixed bag. it looks like casino stocks are giving you some optimism. haidi: thank you for that. let's get the first word news with yvonne man. yvonne: interest rates unchanged. inflation is close to target. the fomc also did a weakness and growth for the first quarter, removing a reference in the merchant statement that the economic outlook has strengthened in recent months. they balanced that out by noting solid growth in business investment. the world economy shows signs of stabilizing after a recent moderation with manufacturing activities strengthening for the first time this year. crossed more than 40 countries, raised to 5

on coastal cooling (anny hong): (anny hong): coastal cooling will develop on tuesday with more widespread upper trough passes over the state. cool conditions will persist into thursday, with modest warming expected friday through sunday. (james) time to talk winners and losers with our financial expert rob black dow drops 150 points as italy worries unsettle euro zone . . . the dow jones industrial average fell 160 points amid losses in goldman sachs and ibm. the euro fell below $1.16 - its lowest level this year against the greenback - as italian debt rates continued to rise. the stoxx europe 600 fell 1.1 percent, weighed down by a 2.3 percent drop in italy's ftse mib. u.s. stocks dropped tuesday as political turmoil in italy and spain added to investors' worries and sent the euro falling to its lowest level against the dollar in 2018. home price gains ease in march, but growth accelerates in big cities . . .nationally, values rose 6.5 percent annually, unchanged compared with february, according to the s&p corelogic case-shiller home price indexes. the nation's 10 largest metropolitan m

(anny hong:) a (anny hong:) a deep marine layer in place this morning with low clouds extending wello another cool and breezy afternoon. inland temperatures remain below normal most of this week. a late season front approaches late thursday night into friday with a slight chance of showers for the north bay and coastline. shower chances should end by early saturday with a modest warming trend saturday afternoon through memorial day. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. ( darya )everybody is buzzing about everybody is ( darya ) no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. ( darya )everybody is buzzing about the warriors game 4 tonight in our effin house.. steph you're still in the curry doghouse for cursing.. but we hope you forget your manners again and destroy the rockets.. however, it looks like the hampton's five won't be ready for tea time or tip off as they like to say in the nba.. andre iggoudala is doubt

hong kong time this morning.ia," i'm yvonne man in hong kong. betty: i'm betty liu in a new york. apple supplier holding high position, aiming to raise at least $4 billion in the largest mainland china ipo since the market crashed. foxconn industrial internet will offer almost 2 billion shares in shanghai, valuing the company at about $43 billion. that will place the hon hai boss closer to check that he moves away from assembling phones. betty: the hong kong economic times says an ideal is being considered and could see a valuation of $70 billion. the started -- they started consultations in april and worked with the investment banks on shareholder structure. a good subscription result could be the date brought forward. betty: singapore water treatment company suspended shares and started a court supervised reorganization. it is battling ballooning debt and posted its first annual losses since 2001. second-worst performer this year, 40% decline is hyflux. market caps on from 1.6 billion u.s. dollars in late 2010

yvonne: i'm yvonne man in hong kong.earnings expected for the ceo. at 1:25 p.m. tokyo time we have to look out for the earnings, earlier than we are used to. there will be key questions analysts will be asking during the call, in particular when it comes to competition in the u.s. take a look at the function on the bloomberg. put in the ticker for toyor, and you can -- toyota. you can see in the orange bar, the u.s. is the largest market, north america one of the biggest for toyota. we have seen intense competition, they rely heavily in this market. the key question is if you continue to spend to boost incentives or preserve your margins, given the fact that all of these other japanese carmakers are slowing transition into china, toyota has not followed suit. the u.s. is a pivotal market and one to watch out for. yvonne: those incentives enabled bad behavior among consumers. they get used to it than you can get yourself out of offering these incentives. it seems like to go to is getting hit on many fronts. in particular,

haidi: let's get to man in hong kong -- yvonne man in hong kong.made the decision to withdraw from the iran nuclear deal and impose financial sanctions, opening a new chapter for the middle east. trump called the negotiation horrible and one-sided. -- at the point when the united states had maximum leverage, this disastrous deal gave this regime -- and it is a regime of great terror -- many millions of dollars, some of it in actual cash, a great embarrassment to me as a citizen and to all citizens of the united states. i ordered the iranian atomic energy commission to be ready for action if needed, so we can begin our industrial enrichment without any limitations if necessary. andill wait for some weeks hold talks with friends and allies and other signatories of the nuclear deal. those who remain loyal to the deal, will talk. yvonne: china and the united states have clashed at the wto. china lashed out against president trump's threats to impose tariffs on $150 billion of chinese imports. the genevasman says meeting was extraordinary in its intensi

in hong kong. i am haidi lun.kets: asia ." ♪ haidi: asia-pacific markets falling after wall street declined overnight. growth,napping two-year tracking more than expected last quarter. prices rising again, but now showing gains. all things considered, we all -- we are seeing a pretty picture from asia today. the bond rout triggering in the equity space. investors are trying to get comfortable with that 10 year yield about 3%. dimon telling us we could be looking at 4% a few days ago. a big disappointment for japan. prices a bit of a mixed bag. also a great decision. rate decision.a no changes expected from the bank of thailand. more geopolitics to the dollar-rising yields. there could be more of a risk off today. this is a mixed picture. but we are mostly bullish here today, led by new zealand. psci furthering losses, down 1.3%. emerging markets is in focus, given what we have seen with the dollar and yields recoupling. indonesia, down 58 points. we have the bank of indonesia meeting for their policy announcement

(anny hong): (anny hong): typical "may gray" weather conditions with seasonably cool temperatures willns of the region wednesday morning as the weather system pushes inland. a drying and slight warming trend is then forecast late in the week under a weak ridge of high pressure. (anny hong): typical "may gray" weather conditions with seasonably cool temperatures will persist over the region today in advance of an approaching upper level system. a few showers will be possible over the interior portions of the region wednesday morning as the weather system pushes inland. a drying and slight warming trend is then forecast late in the week under a weak ridge of high pressure. warriors and rockets: now this feels like the real nba finals.. the best players on the planet playing at break neck speed: attacking the lane, hitting jump shots and boxing out defenders.. and that was just the warriors! the rockets well.. they tried but the warriors were just too much. golden state stole home court advantage from houston in the western conference finals with a 119 to 106 victory in game one. nobody o

(anny hong): the marine layer has returned to the coast which will (anny hong): the marine layer hass a weak upper trough approaches. wednesday will trend slightly cooler inland as the upper trough passes. high pressure begins to build thursday leading to a warming trend into friday. some gusty offshore winds are expected friday night into saturday across the hills as a low drops into nevada. dry this weekend with a cooling trend into sunday. just as steph and the warriors are waking up from their sleepwalk through the playoffs... lebron is crawling back in to his hyperbaric chamber hoping to come out.. a butterfly? or the goat i guess. not so fast lebron! the warriors deathline up is ready to rumble with the pelicans tonight at roaracle. see how much better that is.. than "it's teatime for the hamptons five" pinkies up. coach kerr hopes starting curry, kd, klay, dray and iggy will put this series to bed. the cavs swept the raptors last night.. tornoto was ranked number one in the east and the cavs just them.. demolished.. annihalated.. 128 to 93.. lebron had 29 points.. but he had h

(anny hong): seasonably mild weather today and tuesday with high pressure building over the region. a brief cool down tuesday night into wednesday as an upper low brings a return of stronger onshore flow and a deepening marine layer. high pressure returns thursday then strengthens as dry north winds bring clear skies and the first spring time round of potentially hot weather to the bay area friday into the weekend. ( darya ) happening now ... thousands of u-c service workers are on strike this morning.( james ) workers want a salary increase... and to address racial and gender pay inequalities. kron4's will tran is live at ucsf. will? thousands of workers at are expected to go on strike today across the university of california system. ucsf hospital staff are among those set to walkout in a three-day strike as they demand fair and equal wages. the strike is planned by a major union representing university employees ranging from janitors to security guards to nurses. uc employees from this union and three others in the bay area will be walking out to demand that the university system

(anny hong): the marine layer (anny hong): (anny hong): the marine layer has returned to the coast whichill lead to some coastal cooling today as onshore breezes pick up this afternoon as a weak upper trough approaches. wednesday will trend slightly cooler inland as the upper trough passes. high pressure begins to build thursday leading to a warming trend into friday. some gusty offshore winds are expected friday night into saturday across the hills as a low drops into nevada. dry this weekend with a cooling trend into sunday. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. (robin) a senior ball ábuzz killá over the weekend...in pleasant hill. when students returned to pick up their vehicles that is when their enthusiasm over the prom... fell apart... kron4's haaziq madyun has the story. the sign outside the parking risk but not even the poli

hong kong automakers are higher.hina plans to increase coal prices. 10ney has said no to that $10.9 billion takeover bid from the u.s. harbor energy firm. manus: a great roundup. let's turn our attention to the stock of the day. it is exploring a potential type up with standard charter as part of a contingency plan among pressure from active investors. isndard charter -- stanchart showing a surge in hong kong this morning. russell, good to see you. tell us a little bit more about what is being said. this is very much coming from the chairman of this, looking at back stops. >> that is right. chairman john mcfarlane is ,xploring contingency plans according to the ft. partnerone of them is ing with stanchart. he was quick to say no formal bid is being made. discussions are only taking place at this point. mcfarlane is keen on exploring this matter in theory. anna: what are the other contingencies being explored? this is despite considerable amount of restructuring in the business, around retail and investment banking. d

(anny hong): an upper level trough will result in a few more isolated showers in the hills and mountains through tuesday. high pressure will then build in by late in the week to produce a warming and drying trend into the upcoming weekend no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. (robin) (robin) new this morning ... a 9-year-old boy that was last seen in antioch and brentwood ... has been found. police say dominique brot-wart was last spotted in the area of sungrove and deerspring way. he is african american. 3 feet tall and weighs 70 pounds. (robin) police are investigating a double homicide in east oakland. officers found the victims near 89th avenue and international boulevard. the oakland police announced the discovery just before midnight. (robin) police in the south bay say, they have busted a major crime ring... led by a violent criminal gang. 16 people were arrested and 11 of the thieves are minors. police say the group is responsible

yvonne: i am yvonne man in hong kong.ssure on the fed to consider a faster pace of interest rate hikes. dollar and treasury yields falling. joining us for now is daniel murray, efg asset management head of research. oversees $20 billion in assets. thank you for joining us. inflation is weak, has been pretty benign. mark carney signaling inflation could be weaker than expected throughout the year, china as well. have we seen enough of this goldilocks economy for you to consider buying more stocks? daniel: last year we saw an exceptional year for equities. the first year ever when we saw them go off each month. this year we cannot expect a repeat of such a strong year. nonetheless, that continuation of robust global growth, benign inflation, and continued central-bank accommodation is generally supportive of risk assets. yvonne: what about energy prices? what level of crude do we have to start worrying this could feed into inflation and scare the bond market? daniel: the way we think about the impact of energy on inflation,

--id: i'm david a place here david ingles in hong kong.nd japan is coming up. let's get a sense of where we are with sophie. sophie: nikkei 225 down one third of 1% after returning from that golden week holiday. is weighing on electronics makers. the dollar eases its recent gains. also, check what is going on in malaysia. asian equities are gaining 1%. later today.re due rise in u.s. rates and higher oil prices. crude is continuing to climb. tracking that rise in oil prices in hong kong. i want to show you this on a chart right here. the highest in three years. and the indexite the line in blue. among the biggest boost for the hang seng. good doctor has slumped below its ipo price. it is a shock to investors enthusiasm, fizzling for the company, which is not living up to the hype. firm addedlued the 2020 sale. that for the good doctor. stay with thes markets and do a quick check of work oil prices are right now. for the $70 a barrel first time in more than three years. trade is bracing for sanctions. iran is the third largest oil producer

(anny hong): an upper level trough will result in a few more (anny hong): an upper level trough willhrough tuesday. high pressure will then build in by late in the week to produce a warming and drying trend into the upcoming weekend ( darya ) ( darya )(ááá2 shotááá) breaking news this morning out of the east bay. theres a train derailment near the shell oil refinery.( james ) kron 4's sara stinson is live in martinez with more on this breaking news. (ááásaraááá) you can see two tanker cars completely off the tracks. just confirmed this is ánotá going to impact amtrak, which is good news because that would have created a major backup for the amtrak trains on the san joaquin lines. and there is no gas leaks happening. this could have been a dangerous situation as each tanker carries about 20 thousand gallons of gas. crews with the union pacific lines and the rifenery are now looking at the damage and how they can get it back ok the tracks. thats the next big task for these crews is getting this huge tanker back on the tracks safely. still no word on how this happened. live in martinez

(anny hong): typical "may gray" weather conditions with seasonably cool temperatures will persist over the region today in advance of an approaching upper level system. a few showers will be possible over the interior portions of the region wednesday morning as the weather system pushes inland. a drying and slight warming trend is then forecast late in the week under a weak ridge of high pressure. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. (robin) (robin) no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. (robin) a big story we're following this morning... police say, áten children were tortured and abused inside a fairfield home .... both of the parents have been arrested... this all happening at a home in fairfield. that is where police say, the ten children were first found two months ago .. and as kro

hong kong leaving the games at 1.4%. of what's going on, ahead on "bloomberg markets." david ingles is with me, what have you got? >> a fear guests. there's a conference taking place, in we will be speaking what theireisman, plans are with china. when you look across the bond markets, very few markets have seen their yields come down. in other words, what's the other side of the trade? malaysia, north korea, china, in the u.s.. minutes away from the next hour of markets asia. and it is time for our battle of the charts segment. today it is rich in one corner, haidi in the other. i guess we started with you, rish. >> let's have a look at what's going on with this particular exchange rated fund. what haidi will bring up is old hat. this is more relevant to what's going on. this is an etf, the hang seng index daily inverse product. in 2018 got $136 million in cash. that doesn't sound much, but let's put it into context. 2018's lost $.5 billion out of etf in hong kong. it's 14 for 14 months. and it just shows that people are

often, using with somebody -- you sing with somebody in hong kong.of us are trained julliard graduates, so we have filters you can turn on to correct the pitch, maybe add reverb, then you let it rip. we automatically makes your -- mix your song, and you can stream it out. yvonne: i always like a good duet. how profitable is streaming? we have seen spotify, they just said during the perspective that they spent nearly $10 billion when it comes to distribution costs. even with the monthly active users they have, they can't generate the revenue to offset these costs. is the business model working? >> i think so. i think you have to stake -- take a step back and look at it as a medium. it is one of the most engaging mediums. it is displacing television. engagement, there is opportunity for monetization. it is a policy -- it is appropriate that they are right holders for music, these are important people in the ecosystem. the artists are creating a lot of content that the people of two sing, play, or string. you are seeing these innovative business models

emily: that was bloomberg stephen engle from hong kong.a's chairman promised that his chinese e-commerce giant would create one million u.s. jobs. we spoke to alibaba's vice chair to find out what a trade war would do to that pledge from the milken institute -- milken global conference institute. tit-for-tat trade tactics will cause a retaliation. china, they have ariffs ont soybeans which will hurt american farmers. we arein a context where seeing a huge market in china. it is ironic that the was administration is doing this because there are a lot of consumers in china, 300 million. the president in china -- the chinese president in dollars last year said that china would import goods. because of the trade war, they put down the gauge because of retaliation. this is going to hurt everybody. it is going to close off a lot of opportunities for producers in the united states. emily: jack ma said they plan to create a million jobs in the u.s. but warned that it may not happen if a trade war moves ahead. are you pulling back on that -- will t

to stop referring to taiwan, along with hong kong and macaou

yvonne: i am yvonne man in hong kong. let's of the business flash headlines. t-mobile and sprint have stated their case for a merger. john ledger and marcelo clarity laid out the tire based on the announcement the company presented on april 29. it needs approval from the fcc and must clear antitrust hurdles at the justice department. the proposed merger four years ago was rejected. goldman sachs to pay about $110 million to resolve claims that foreign trade exchangers improperly shared information about client orders in rooms.nic chat the bank will pay roughly 50 family dollars each to new york's department of financial services and the federal reserve board. they will also provide regulators with a plan to improve internal control and compliance. betty: wednesday sees a big expansion in china's stock connect with hong kong. investors predicting greater volumes through the gateway. this up on quota will instinct to the equivalent of 7 billion

(anny hong:) a deep marine layer in place this (anny hong:) a deep marine layer in place this morningl and breezy afternoon. inland temperatures remain below normal most of this week. a late season front approaches late thursday night into friday with a slight chance of showers for the north bay and coastline. shower chances should end by early saturday with a modest warming trend no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. ( darya ) breaking from overnight. a hayward police officer is injured in a late-night officer-involved shooting. ( james ) kron4's will tran is live at the scene with what we are learning about the shooting. hayward police are investigating an officer involved shooting that happened in the 100 block of hewitt place in hayward about 7pm last night.one of the officers suffered a non-life- threatening injury and is being treated at a nearby hospital. a hayward police officer discharged a service weapon and injured the suspect who is also being treated. ( james ) ( james ) thanks will. check back with you through out the morning. ( da

in hong kong, i am rishaad salamat. haidi: i am haidi lun. air asia sees revenue and passenger numbers on the rise. we will be joined by the ceo. this is "bloomberg markets: asia." ♪ rishaad: meandering a little bit, fluctuating between gains and losses. waiting for the trading day to kickoff in hong kong. it is a public holiday in korea and the territory. this cut in import taxes for vehicles, emerging market risks in the form of turkey. haidi: markets adrift. we seem to have this eternal struggle between do we look at the negative, president trump

robert line hiser says they face a big challenge in hong kong.his is bloomberg markets. ♪ rishaad: half an hour to go before chinese markets open. let's get an idea of how we are likely to start the trading day when you get the auction open in 20 minutes. looking at taiwan, singapore, kuala lumpur as they start off their trading day. sophie: a mixed picture this wednesday. tsmc likely to move. we have a series of pmi reports from across the region this morning as well to digest. april sees a stronger readings from south korea, taiwan and malaysia. go until national elections to place, your see malaysian stocks under pressure. in singapore, up about half a percent. singapore's aaa rating was confirmed. gdp configuring -- continuing to grow. checking in on some stocks, apple allays concerns over slowing iphone x demands. nissan extending losses after its sales plunged. offsetting the rise and tokyo. received a notification of an accounting violation. passingumping after record annual profits. they ordered six more dreamliner's. a quick check on cur

hong kong time -- 8:00 hong kong time. david: retail sales, 1.4% month on month.er than expectations. for april.e, 1.6% we have a chart which puts everything into context for you. look at the bloomberg. the past 30 years or so, for a country like japan, not the best demographics in the world. 0.5% is your 30 day average. nomics working its magic. as yvonne said, peter pan and pixie dust. yvonne: don't forget our interactive the function. you can dive into securities are functions we talk about. become part of the conversation. have a guest question you would like to ask, send it our way. this is for subscribers only. this is bloomberg. ♪ this is bloomberg. ♪ david: welcome back, you're watching "daybreak asia." users can interact with charts on the program. you can look at our chart library, gtv is the function. have analysis, you can save charts for future reference. yvonne: a good tool to check out. starbucks says some investors have questioned the cause of the decision to close stores for racialias training. they closedn response to an incident in philadelphia

welcome to hong kong.k-and-forth you hear when it comes to president trump and kim jong-un, what are you telling your clients when it comes to risk free markets? luke: i think you are constantly looking for the signal as opposed to the noise. there's a lot of noise and you have to look at the things that actually happen rather than the talk. the reality is that the on/off is noise and it creates short-term volatility but not enough to trade around. you are looking for, when does he do something? and try to ignore all the pronouncements and the tweets area that -- tweets. they don't move markets. yvonne: we have a rising rate environment, volatility in the picture. witnessing the second highest one a comes to net flows. is this a turning point for the heads -- hedge fund industry? luke: it's been in pretty good shape so it's an all-time high of assets. it closed a year before. 2016 was marginal in its outflows but given we have retained performance in the hedge fund, assets increased with a bit of flows. wi

hong kong time tomorrow.tencent earnings outlook with the company stocks trading sideways these days despite stellar profits. what the concern is. this is bloomberg. ♪ ramy: welcome back. this is "daybreak: asia." chinese investors are unwinding their positions on tencent faster than ever. take a look at my bloomberg chart real quick. you can see this meteoric rise we have seen from tencent stock. clearly, you see this juggernaut 30the past decade soaring fold in the last 10 years. let's look at the performance. it has dropped more than 60% after reaching that peak january 23. to's bring in our analyst see what is going on now. they delivered strong first-quarter results, but ever since then we have seen the shares trade sideways. what is going on? >> there are several consequences the market might have. the potential decline in margins driven by investments in new business such as off-line revenues as well as growing on less profitable is this is like payment businesses. -- businesses like cloud payment busi

(anny hong): coastal cooling will develop on tuesday with more widespread and significant inland cooling expected by wednesday as a dry upper trough passes over the state. cool conditions will persist into thursday, with modest warming expected friday through sunday. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. richmond bridge drive less than 20 min from the toll to 101. (robin) the warriors beat out the rockets!the game may have been in houston but dub nation still filled oracle to support their team. kron 4's ali reid has more from oakland with fan reactions. it started out a little stressful, but turned into a huge party by the 4th quarter. pkgfor the fourth year in a row ... the confetti inside oracle came flowing down. champs of the western conference.we got this. we got this.fans headed straight to the warriors store.got one for my mom dad uncle, myselfthe first three quarters had fans on the edge of their seats, while the houston rockets led the game. once the warriors took the lead, it was game ov

emily: that was bloomberg's stephen engle from hong kong.chairman promised that his chinese e-commerce giant would create one million u.s. jobs. we spoke to alibaba's vice chair to find out what a trade war would do to that pledge from the milken global conference institute in beverly hills, california. >> this tit-for-tat trade tactics will cause a retaliation. and in fact, in china, they have just put tariffs on soybeans that will hurt american farmers. we are in a context where we are seeing a huge market in china. it is ironic that the u.s. administration is putting on a trade war right now because there are a lot of consumers in china, 300 million. the chinese president in davos last year said that china would import $8 trillion worth of goods over the next five years. gates down the trade war, that is going to hurt a lot of people. emily: jack ma said they plan to create a million jobs in the u.s., but warned that it may not happen if a trade war moves ahead. are you pulling back on that --will those jobs not be created if the presiden

cigna versus hong kong.s on the bloomberg and make up your own mind about who should win, by running the function at the bottom of your screen. >> it is always singapore versus hong kong. we're talking about inflation in india. it was on its way to keeping a lid on inflation. that is not the case. this shows how inflation is starting. oil prices are high. imports, 80% of its oil needs. it is susceptible to price increases. haidi: a pretty good chart, as statetalking about election results. rish? looking at this chart. spreads between five and times and two -- fives and tens and twos. the spread between fives and 26 basis points. this could lead to inversion, which could lead to a recession. i don't have time to make my case. evergreen chart, rish. i don't want linda to be deterred, given it is her first time. rish won't be around for the battle of the charts tomorrow. this is bloomberg. ♪ ♪ caroline: this is "bloomberg technology" and we are live from boston, showcasing innovation diversity and power of the

emily: that was bloomberg's stephen engle from hong kong.ibaba's chairman promised that his chinese e-commerce giant would create one million u.s. jobs. we spoke to alibaba's vice chair to find out what a trade war would do to that pledge from the milken institute global conference in beverly hills, california. >> this will actually fill a lot of jobs in america if there is a trade war because the tit-for-tat trade tactics will really cause a retaliation. and in fact, in china, they have just put on tariffs on soybeans . it is going to hurt american farmers. i think we are in the context where we are seeing a huge market in china. and it is kind of ironic that the u.s. administration is putting on a trade war right now because there are a lot of consumers in china, 300 million. president xi jinping last year in davos said that china would import $8 trillion worth of goods over the next five years. -- war of the trade door they put the gates down because of retaliation, this will hurt everybody, and it will close off a lot of opportunities fo

yvonne: i am yvonne man in hong kong.atching "daybreak asia ." >> north korea is preparing to enjoy its main nuclear testing sites, even as president trump raised doubts about the historic summit. selected media have been traveling to the base to witness the event, although independent nuclear inspectors have not been invited. seoul and washington interpret the destruction of the site a sign of good faith. >> we have made zero concessions to chairman kim to date, and we have no intentions of doing so. > >> the latest fed minutes say it warrants another rate hike soon, and they welcome a modest overshoot of the 2% inflation target. the fed is on track to raise interest rates next month, but officials remain reluctant to declare victory on achieving their inflation goal on a sustainable basis. and toyota fell on news the trump administration is considering slapping tariffs on imported vehicles. 25% is reportedly under discussion. the plan is said to be in its early stages and likely to face significant opposition. global ne

here in hong kong. welcome to "daybreak asia."ok mixed despite a surge on wall street. the dollar on the retreat as well. crude climbs to the highest since november 2014. and i am in new york where it is just after 8:00 p.m. on this monday. the white house omentum holding with trade talks. a mixed reaction. thehyundai shelves the organization plan in what is seen as a domestic victory for activist investors. yvonne: it looks like we are set for a mixed open here. a lot of questions remain, what it means when it comes to the dollar trade. we had the 2018 highs this week and last week. we have really broken the downward trend we saw for much of last year. take a look at the rsi indicator, it feels like the dollar-yen is feeling the overbought territory. but a lot are saying that it is dollar is like catching a knife in the moment. betty: it does feel like that. manyr we have heard from of our guest saying it looks like the emerging markets can withstand a strengthening dollar. although maybe less so in latin america. goldve seen inv

when you look -- in hong kong. some tightening of macro prudential regulations could be increasing the risk profile. >> it is hard to group emerging markets together. there are some big differences across emerging markets. there are some that are vulnerable on my watchlist. at the same time, the book of emerging markets are a much finer condition than they have been in the past. a number of emerging markets have adopted more prudential policies. a number have tried to cut down on their credit account deficit. when the u.s. started to discuss tapering, a number of emerging markets, which had told her abilities than, average -- haverabilities then, reduced them. some of the risk that banks used to take by borrowing in dollars-ish shifting to the -- dollars is shifting to the private sector. more countries have put on macro -- companies can borrow in foreign currency and borrowing directly from corporate bond markets. so you see a shift of risk away from banks to individual companies in the corporate bond market. the