by our, i mean hsbc.n structural the debt overhang, the demographics, the impact of technology, these things have always been there, they have not gone away. the cyclical data people spend an enormous amount of time looking at, that is converging on the structural story. that says to me the rates markets are priced just fine here to read there is no reason why the yield should go up. that is why i keep our forecasts where they are. what about inflation and real yields on those two w factors? -- on those two factors? steven: it is a good question. did you that? guy: i have people who that these things. what do you think about that? inflation, i get it. it is about wages, really. anything else is at risk of being transitory. the trade stuff, the tariffs inflation, like with energy or affects moods. central banks have to look through that. that kind of inflation does not shift the proper outlook and the --tination of rates to read destination of rates. the unemployment rate versus the wages does not seem to

mark tucker is reviewing a quarter of the 67 nations were hsbc has a presence and make smaller operationsa and uruguay. -- asset management division may merge with arrival. chile -- arts from violent strike last year may avoid in -- industrial action in u.k. talks. negotiations have been started on a new collective agreement with indications the two sides are inclined to reach a deal. have doneers soul-searching because confrontation never leads to agreement. the prime minister asks agl to extend the lifespan of a call by five years. the company wants to replace the 50-year-old little facility with a mix of renewables and natural gas. malcolm trumbull says that is too risky for the national grid. two rival companies have signaled interest in buying. having a look at monetary policy in india, can the reserve bank their keep the recent party on indian bonds going? people have a look at that later. 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

hsbc is at 59%. this is showing a cause more than a symptom.y gap reporting is important for addressing a quality in the work place and making the workplace fair. one teaching that has come out of it is a lack of women in senior roles and a predominance of women in more junior roles. that is what we need to address. what have you uncovered in your review? denise: barriers facing women to senior progression are complex and compounding. we have gone to a voluntary forme in the u.k. increasing representation of women, we have learned a huge amount other countries have not. bias, thereonscious culture that does not suit women failed to thrive and survive in that culture which is predominantly male. british business is founded on meritocracy. we are beginning to blow that apart. a true meritocracy, choosing the best person from the job -- for the job, would not consistently produce white males to take up our positions. mark: what do we do about the occupational gap? doneay there is work to be . what are you doing to address that? alison: culture goe

hsbc agreed to pay 1$100 million to private investors who claim is rigged libor. u.s. papers show hsbc denied wrong doing but settled to avoid the cost of litigation. >>> elsewhere deutsche bank is reportedly considering appointing juerg zeltner as its new ceo. deutsche bank's chairman has held talks with zeltner who left ubs last december. and last week ceo john cryan wrote a staff memo saying he's committed to the lender. but lots of noise about what that future will look like for him. >>> china slapped tariffs of up to 25% on dozens of u.s. products ranging from pork to wine the country's ambassador to the u.s. said china would retaliate against any new tariffs imposed with measures of equal strength, value and scale. >>> speaking to cnbc, peter navarro said he did not expect trade tensions with china to escalate >> i don't think this will be an action response, action response that's not what this should be about. that just leads to escalation spirals. i know the president is committed to an equal playing field. he was elected on the basis of having fair and recipr

they are looking at expanding hsbc as a movement, and may merge with a rival.ntinues, with an ask for their powerstation to be extended for five years. they want to replace the facility to a mix of renewable and natural gas. they think that is too risky for the national grid tor rival companie. vegas ceo can breathe easier. his salary has been more than doubled to $26 million. he signed a new employment deal last year that could quintuple the salary. increase has gone up by 50% to $12.5 million. he is the world 20th richest person in the world. ramy: let's do a quick look ahead. aussie finance ministers and central bankers are meeting this weekend. we are looking forward to hearing their thoughts on the trade war between the u.s. and china. the international correspondent for asia joins us. you have some pretty cool guests and conversations lined up. this meeting comes at a time of growing uncertainty. this is a region that is pretty dependent on trade. both the u.s. and china are among the biggest trading partners for all of southeast asia. we will be speaking

in a major victory for environmentalists, banking giant hsbc said friday it will no longer finance the development tar sands oil extraction, most coal-firired powower plants, anl and gas drdrilling i in the arc. hsbc sayays its new popolicy, wh willll also d fifinancing g to hydroelectctric and nuclear r pr projects that t don't meetet cen reququirements, isis targeted at helplping keep grereenhouse gass ememissions belolow targets sesn ththe landmark 2 2015 paparis ce acaccord. in a s statement, the e sierra club''s kelly y martin welcocome policy, , calling it - -- "yet anonother signal l to donad trump anand the rest o of the wd that, dedespite their woworst la plans, the era of f fossil fuels is coming to a close." the winners of the 2018 prestigious goldman environmental prize have been announced, with women climbing five of the six prizes. among this year's winners are anti-nuclear activists liz mcdaid and makoma lekalakala, who led a successful campaign against south africa's bid to purchase as many as 10 nuclear power plants from russia. in latin america, francia marquez wins a

a former computer analyst at the french branch of hsbc was sentenced for economic espionage after leakingle cache of documents, alleging the bank was involved in massive fraud in what became known as the swiss league's scandal. he skipped out -- swiss leaks scandal. he skipped out on trial and has avoided going ever since. he was arrested in madrid, according to "the spanish daily mundo."y el the spaniards are demanding extradition of exiled catalan leaders from various european countries. it could be a way for spain, perhaps a goodwill gesture towards europe him and he hopes that it will be reciprocated for bringing back catalan leaders. anchor: interesting. a a video of the royal family during easter mass has gone viral. tell us more. reporter: s gone viral in a nutshell because it shows that even the royal family sometimes can't help but air their family disputes. we seek we lakisha -- queen laticia and her mother allegedly arguing over queen la ticia shoved her mother-in-law out of way. the video has been viewed millions of times and has out and out embarrassed the spanish royal famil

in a major victory for environmentalists, banking giant hsbc said friday it will no longer finance the development tar sands oil extraction, most coal-fired power plants, and oil and gas drilling in the arctic. hsbc says its new policy, which will also end financing to hydroelectric and nuclear power projects that don't meet certain requirements, is targeted at helping keep greenhouse gas emissions below targets set in the landmark 2015 paris climate accord. in a statement, the sierra club's kelly martin welcomed the policy, calling it -- "yet another signal to donald trump and the rest of the world that, despite their worst laid plans, the era of fossil fuels is coming to a close." the winners of the 2018 prestigious goldman environmental prize have been announced, with women climbing five of the six prizes. among this year's winners are anti-nuclear activists liz mcdaid and makoma lekalakala, who led a successful campaign against uth africa's bid to purchase as many as 10 nuclear power plants from russia. in latin america, francia marquez wins a prize for her campaign against illegal

worlrld after falciani provided french authorities with files on over 100,000 prominent clients of hsbc. while hailed by a hero by many transparency advocates, falciani was convicted two years ago of economic espioionage in swititzerland. here in new york, police officers responding to a 911 call shot dead a mentally troubled african-american man on a street corner in brooklyn on thursday. at the time of his death, shaeed vassell was holding a metal pipe that looked like a shower head. police mistook it for a gun. the police said four officers -- three in plainclothes and one in uniform -- fired 10 rounds at a jamaicanay, immigrant. one witness said -- "they didn't say 'freeze, hands up, drop your gun', none of that. they didn't say nothing. all they did was startrt shooting." vassell's father said his son is bipolar. the shooting sparked an intense standoff between angry residents who knew vassell and police. >> you guys kill us. down yetan gunned again. amy: in related news, the city of long beach, california, has agreed to pay $2 million to the family of mharloun saycon who was kille

. >>> shares were upgraded to buy from hold over at hsbc. the analyst cites a turn in the u.s. marke nike and a lower tax rate. the price target is $77. nike shares rose 2% to $69.56. >>> still ahead, why the newest avengers movie is box office gold for disney. >>> it is shaping up to be a blockbuster weekend for disney. theatest marvel avenger movie is making its debut and it's already off to a running start. juliboorstin looks at how big this super hero blm is expected e. >> avengers infinity war is a marvel extravaganza ten years in the making. it ties together the characters and story lines across the past 18 marvel movies, with iron man and capta america teaming up with the guardians oythe gal as well asd- recorbreaking black panther for what looks like the biggest super hero movie ever. wow. i think it just says a lot about what they have accomplished over ten years. it just goes to show youthat, you know, they have taken this genre that a lot of people ought, you know how long can you make these super hero movies. while they're 10 yea in, it's stronger than ever. i think

they learnext, then from hsbc, their take on the selloff. a deep risk off tone to the market.is is bloomberg. ♪ jonathan: from new york city, 30 minutes until the start of trading. i'm jonathan ferro. this is the countdown to "the open." ♪ coming up, the u.s. proposing new tariffs for china, beijing wasted little time to reveal their own proposals. trade tensions and hitting risk assets, risk off again and the rally is kinder. digesting the difference between rhetoric and real policy, investors grapple with what actually matters. 30 minutes away from the opening bell, the vicious risk off warning, in equities it could be. futures off by 1.3%. elsewhere, this is hardly a gym addict in the treasury market, down two basis points. and in the fx market, a little bit of yen strength with emphasis on a little and the dollar pushing out one .2298 -- at 1.2298.

hsbc top management may string there global infringement even further. -- new chief executive and reviewingate in and considering an exit or a sale from smaller operations such as bermuda and uruguay. they will biggest advertising company is looking into allegations of improper personal behavior by the chief executive. wpp appointed independent counsel to conduct an investigation. he says he rejects the investigation -- out missions but says he understands they have to investigate. shares -- spotify shares down. still trading -- that is the bloomberg business flash. apple pressing into the future, working on bringing touchless has coached the head division.s ai what is this? >> something we have sort of seen already with amazon. every smartphone is the same. my mother may have difficulty differentiating between them and each smartphone maker needs to try to push the boundaries a little bit. samsung the leader -- is the leader of onscreen technology. mark: what is this touchless gesture control? do we need that? >> you can ask that about almost any iphone innovation but you may want it. we d

hsbc economists say these new industry can act as a buffer for growth and the policy comes in play.because it shows how the chinese economy is changing, and that change may be for the better when they have to make painful policy decisions and so much talk about trade and tariffs. you -- i love the way ed, i concur with you, a very excellent chart. is also very good and everyone should check it out on gene keady. mark -- gtv. the winner is ed ludlow. mark: i think ed has grown, not only since the tournament started two years ago, but grown in stature. grown in confidence. he is a worthy winner. they are so good in the semifinals. by a whisker, edward ludlow moves to the finals. vonnie: i hope we have a prize for the winner. mark: we do, what is it? vonnie: i am asking you? mark: i will come back to you on that. well done ed and mike. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: this is the thing close on bloomberg markets. mark: time for the bloomberg business flash. warns that threats to the global financial system are rising, saying risky assets are surg

former hsbc trader mark johnson is behind bars in new york, going to prison after he was sentenced to for currency rating -- currency ri gging. reject hiswould request to be submitted at a later date. fraud.mitted for wire couldmedian bill crosby die in prison after being found guilty of assault. the 80-year-old was convicted of driving at attacking a woman into thousand four -- was andicted of drugging attacking. you'll be sent its at a later date. shown thaty has women are worthy of being believed. i thank the jury. global news, 24 hours a day, on the air, and at tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. ramy: back to back meetings by two big central banks have markets around the world on their toes. bloomberg global economics and policy editor kathleen hays is outside of japan. but signals are we expecting from the bank of japan later today? what is interesting about this meeting is it has to much to do with what is going on outside of the bank of japan, the building behind me. it is about what is going on

shares, closing bell 37 minutes away, the sports apparel giant at the top leading the dow 30 after hsbced price target to a buy. why? they say, quote, finally a light at the end of the north american tunnel from nike. >>> under armour giving nike a run for its money, shares of that apparel maker one of the best stocks in the s&p. up 5.75%. i accept i don't bike the miles i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but no matter where i ride, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily... and it may take longer than usual for any bleedin

financial firms have some of the biggest gender pay gaps with hsbc reporting the largest among big bankshas revealed that the uk median salaries are 2% higher for women than for men, largely due to more female staff across the company's british stores at the tech giant's uk corporate entity, the swrend egender pay s 24% higher for men the gender pay gap is something we discussed on a number of occasion on this program here's what c level executives have to say about the issue and what to do about it. >> we have less than a third of our senior positions held by women. that's a simple fact when we think back over the centuries lloyds were doing business, women were not even in the workplace for several hundred years. it's recent that women have been in the workplace in lloyds therefore that's one excuse or a couple excuses why the gender pay gap is there but it's not good enough i'm not proud of it. >> about 37% of our top managers in the bank are female we need to improve that. we set a target of 30% we're comfortably ahead of that. as my teen daughter constantly reminds me, until we're a

paypal and hsbc.'s a caveat there the same company can look for different cloud providers for different needs, turning to aws for storage to microsoft for office 365 for google to data analytics, sales force, to crm, and adobe for digital marketing. bottom line, a ton of money is up for grabs here. global market for cloud services will grow more than 20% this year to $186 billion, according to gardner guys, back to you. >> josh lipton in san francisco, thank you. another area we're going to have to keep an eye on, guys, government contracts for cloud services, jedi contract, the competition expected to kick off in earnest next month. microsoft expected to compete for that a lot to watch. >>> we're waiting on german chancellor angela merkel's white house arrival. we'll bring you that live. >>> meantime, dow is down 16 points stay with us ♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we c

the exchanges owner, and hsbc, which has advised on the ipo declined to comment.bloomberg business flash. thank you very much for that. we are minutes away from the open. joining us from our equity team is joe eastin. the tech troubles continue with ams. what is the story? : ams says the sales have not been as strong as expected, and that stock is expected to drop significantly today. they are disappointing for ams. they make the chips that go in the iphone. guy: let's switch to banking, a lot of banking news coming out. revenue up about 10%, a strong quarter boosted by the , althoughica income they do flag political risks, elections coming up in mexico. they are flagging that as risk. looks like some m&a action at city fiber. joe: they had a takeover, and is about 100% premium up the close yesterday. massive increase on the current trading price of that stock. guy: let's stay in the tech sector and go up the cap scale. germany, my indications are saying the stock will do well this morning he -- will do well this morning. another good trading update, and looking l

i do not see barclays in the top 10. .e do see hsbc adding points as far as the banks, it is the onlyyou see otherwise, shall, and bp rising. the oil companies are up even as the price comes down. nokia is gaining. i do not see ericsson. we heard that nokia could get a benefit from the ericsson earnings. we will keep an eye on those stocks for you. guy: i am looking at what is happening in gilts, yields are coming down after the carney comments. yesterday, we did see a strong selloff in the gilt market. it. really let it -- led a bunch of factors, one of which was concern on what is happening with inflation, which seems to be taking back up. is pushing strongly to the upside. carney, the comments last night on the bbc seem to have undone some of that move. break in here? i am looking at ericsson now, which took a second to open the is it opened up 16%. ericsson pushed its biggest jump, it's biggest move up since 2008. that shows you, we were looking or a loss of 600 million krona. we were looking at a margin of 32%, we got a margin of 35%. ericsson moving up 15%. that will do a lot of

hsbc is again or as well.astanley came out note saying european banks are not going to grow profit as quickly as the u.s. things. we have the downgrade on barclays to think about today. look at the laggards. only 13 on this screen. the 10 that are weighing on the bloomberg euro 500 index, the most. some of the dividend names. you have smaller names or smaller moves. telecoms down by .25%. most markets are gaining. most stocks in this with a rising tide. boats.ifting all guy: the market trading very strongly. ftse up by 1.3. dax open.r a don't have a full open on the german market. there we go. 1.6% for the german market. financials expected to be reasonably well bid. also expected to trade quite strongly. the initial knee-jerk response. it was only half an hour after where we are now. we saw this china story come out. the market started selling aggressively. a sell first ask questions later mentality. we saw the 1.6% drop. stocks climbed back strongly, up 1.2%. stocks following suit, but remember, china, the m

with hsbc, that highlighted the quartile is well. more than 60% of their employees are female. a quarter in the top quartile. .ldman coming in at 56% for the banks, the average pay gap ranged from 30% to about 60%. with some of these accounting firms and law firms, they haven't lobbied to close the pay of partners. the average for the u.k. is around 20%. some of the tech firms came off quite well. i showed you glued -- i show you google. manus: thank you for running that all up, nejra cehic breaking down the data for us. advisornce and reward development. there is a business week article. you can whittle the pay gap down. you can control more variables. you can never make it go away. underwhelming line to have. can we ever make the pay differential line go away? >> good morning. the thing about the gender pay gap was explained earlier, it shows not only help organizations are enumerated -- remove -- selection, development, promotion. some of these things are within the organization, they can look at how they can make those processes fairer to men and women. however societal iss

former hsbc trader marc johnson has been sentenced to two years in prison and immediately taken intody. his lawyers appeared stunned as district judge rejected his request to surrender at a later date. he is the first person to be convicted in a global crackdown on currency rating. that is your bloomberg business flash. thank you, juliette saly with the business flash. be followed byll more candid exchange today when german chancellor angela merkel visit the white house. expectations that she can swayed trump are close to zero. joining us from berlin, matt miller. good morning to you. stage set. expectations low as to how merkel can change trump's mind on what is on the agenda. as toit's almost unclear why angela merkel is even going. officials in her own government have said they do not expect her to achieve her goals. getmain stated goal is to the tariffs that are going to start on may 1 that the u.s. plans to place on steel and aluminum out of europe, pushed back. it's unlikely that she will be able to do that. the macron government did not make any headway. she is also not expect

we heard that from hsbc earlier. a gradual slowdown, nothing significant. no sharp fall in growth.e also had the real estate sector to bear in mind. there is a balancing act there in terms of ensuring property prices in cities like beijing do not get too choppy while so -- those in the smaller areas are sold off. on they have an impact developers. they have $17.5 billion worth of maturities, they will mature this week. are fixed --ey facing constraints because financing and credit is becoming harder to come by. they could feel a squeeze, that could prove a drag as well. owna has imposed its tariff, 3 billion u.s. dollars. if these trade tensions exacerbate from here, that could prove more of a drag. so far they are unlikely to have a serial impact on the economic picture in china. haidi: does that put an end to speculation that beijing could use the so-called nuclear option, use these options as leverage? economists inof china, there is a bit of a fanciful proposition that china would resort to. they do not have many other options in terms of where to put their money and the damage

our columnist speaking at the hsbc business school. which side is it?m to be going hard. what was noticeable about the initial tariff list after days $100 billion announcement, the $50 billion released by the trump administration seemed to be dispersing the pain. there was a 1000 item list. rishaad: cassette players? >> cassette players, flamethrowers, rocket launchers. these are not regular items imported in the united states. as you were alluding to, the chinese list is only 100 items comprising $50 billion. it was designed to impose a higher level -- clear itwe should make is $50 billion of the value, 25% of the value up to $50 billion. it is up to 25% as well. is not quite as high as people are shouting and screaming about. 25% of the $50 billion. what will be interesting and a lot of what china targeted like soybeans, there are only two from,ers china can buy brazil and the u.s. you will have a merry-go-round affect. --re will be some aversion diversion to brazil. >> how much is a battle of narratives? china does not have a representative democracy

voice hsbc you representative. ♪ ♪ ♪ [applause] >> thank you, choir. let's hear it again.reflectionsow hear on dr. king as a faith leader by the reverend, j lawrence turner, senior pastor of christian church, followed by charles steele, president of the southern christian leadership conference. >> good afternoon. my brothers and sisters we have come here to commemorate the death of the prophet of nonviolence, dr. martin luther king jr., who passed here in the city of memphis 50 years ago. let us remember before he was awarded the nobel peace prize, and he was the leader of the modern civil rights movement, he was a gospel preacher. he has inspired generations of spiritualto marry anointing and spiritual action in their ministries. i have been shipped by his life and ministry. it was a tragedy guy he lost his life in memphis 50 years ago fighting on behalf of of sanitation workers at the city would not give them a living wage. it would be even more tragic after a week of ,elebrations, speech dinners, that would leave with a plan to do absolutely nothing. even more tragic th

alix: joining us now is jim steele, hsbc chief commodities rileyt, and art hogan, bf managing directorany change to your asset allocation in a 3% 10 year? >> >> there really isn't. i think we like to look around numbers and take ourselves in a corner. i think we are much more concerned about the shape of the than we are about the rate. i don't think that is at all a detriment equity investing. i do think if we see any more tightening in the twos and tends or fives and 30's, that becomes a concern because these latter that you'll curve gets, the less likely banks will be to loan money. i don't think 3% is going to be a benchmark we talk about much longer now that we've put it behind us. david: is the answer to the question basically up to the fed? are they going to back off on some of the rate hikes given what is going on in the economy. the fed has been pretty straightforward and stuck to their narrative that they want to normalize rates. when they control is the front end of the curve. what is really happening at the belly of the curve in the 10 year is that the new issue with has bee

we had the scoop a day ago about hsbc getting out of many countries and jamie dimon saying he is readynd. you point out that deutsche bank -- jpmorgan had a note saying they should get out of the u.s. completely. what big bank can benefit as european banks have to pull out of the u.s.? david: if you go investment banking in china, which is a relationship business, you have to have people with relationships. it is easier said than done. sonali: and wealth management as well. it dominates this market, but camp jpmorgan take more -- can jpmorgan take more share? alix: you end up having short-term rates -- a real rate that will help u.s. banks. the issue for european banks is regulatory rate and -- can the ecbdibly, hike if the u.s. enters a recession in 2019? the market is expecting the deposit rate gets to zero and economists are calling for the deposit rate to be zero by the time mario draghi leaves office, that kind of passes the buck. that's generally a more dovish outcome rather than a hawkish outcome. david: could the differential between the european central banks and the u.s. affe

former hsbc trader mark johnson behind bars in new york, taken immediately to prison after he was sentencedcurrency rating. johnson bowed his head and his lawyers appeared stunned when the judge rejected his request for a later date. guilty of wire fraud and conspiracy for front running a $3.5 billion client order. could die in cosby prison after being found guilty on three counts of aggravated indecent assault. a pennsylvania jury convicted him of drugging and molesting in 2004.nstan . me this jury has shown the too movement, women are worthy of being believed. i thank the jury. >> global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins, this is bloomberg. ♪ thank you. let's count down to the market open. we are joined by sophie kamaruddin to see what to expect friday. seems to be a happy day with a earnings overnight and boj day and optimism on the korean peninsula. sophie: happy friday could be shaping up. we look at the yen, a gauge of risk appetite. steady after the longest losing

hsbc said they will reach out to customers if they are affected by think, looking at five-year chart. it was $28 stack back in 2015. it was already designated before this this can't help. >> definitely not. hb s, hudson bay is going through tough times. canadian company, traded on new york stock exchange. they saw some weakness even turned a profit. there were reports last year the company potentially was going private. the ceo stepped down in october. they let go of 2,000 employees very recently to cut costs. last but not least, they sold their flagship store in manhattan. we know how important real estate is to the real estate companies. this is real big blow. this is not helping. it was the lowest performing stock on the tsx, climbing higher now. charles: talk about the other side. for a while, cybersecurity names were huge. they had big run-ups, headlines started to match the run run-ups, 50 million lost, 100 million lost, numbers hard to comprehend. how come these stocks are not moving? >> what we're seeing is opposite movement. you would expect the cybersecurity firms to actual

it is hsbc's turn to come out with earnings. we are watching for apple. have a lot of direction coming through, we are just seeing gains across the region. indonesia, thailand vietnam,. we are seeing some gains coming from the jakarta composite. that's about it for now. >> "bloomberg daybreak middle east" is up next. ♪ welcome to the xfinity store. i can tell you about... streaming the most free tv shows and movies on the go. yeah, and... xfinity internet. it's so fast! and you can save by... by getting up to 5 mobile lines included. whoa, you're good. i'm just getting started. ♪ simple. easy. awesome. come see how you could save $400 or more a year with xfinity mobile. plus ask how to keep your current phone. visit your local xfinity store today. announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg, its affiliates, or its employees. announcer: the following is a paid presentation for theraworx relief with dr. drew pinsky. dr. drew: if you are one of the millions of americans who suffer from muscle

shrugging off the trade threats and the deleveraging campaign, granted this might just be earlier hsbchough there is some over leveraging. the president of china has those poverty, and, pollution. but the economy is still pretty steady. >> what is the biggest risk to the downside? >> the biggest risk will likely be the escalating in trade tensions of the united states and if that starts hitting exports and tariffs started being applied that could be the worst case scenario. i mentioned the deleveraging campaign where they started to with new homes sales dipped toward the end of last year. if the property market continues to see pressures that could be a risk as well, a trade war is the biggest risk. >> it remains a risk and not reality. >> we will see if there is any weakness. we will see where it is coming from. >> it should be due out this time tomorrow. when you look at the other provincebehind henan laying out over the andend a number of measures i think we have a quick look at , i don't mean this in a bad way, i don't know what they do, but it really doesn't matter on a day like t

time will tell frederick newman, thank you for joining us, hsbc's co-head of economic research. >>> we'llious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ hey, sir lose-a-lot! thou hast the patchy beard of a pre-pubescent squire! thy armor was forged by a feeble-fingered peasant woman... your mom! as long as hecklers love to heckle, you can count on geico saving folks money. boring! fifteen minutes could save you fifteen percent or more on car insurance. of emerging markets obsolete? at pgim, we see alpa in the trends, driving specific sectors of out performance. where a rising middle class powers a booming auto industry. a leap into the digital era draws youthful populations to mobile banking and e-commerce. trade and travel surge between emerging markets. everyday our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of p

spanish police have arrested a whistleblower convicted in switzerland for sending thousands of hsbc clientsw whether anyone has been prosecuted but there was a big investigation at the time. it seems as though there has been a lot focused on him and the fact he released these details. ok. the fact he released these details. 0k. markets? the fact he released these details. ok. markets? the ftse 100 the fact he released these details. ok. markets? the ftse100 is out. most of them have bounced back because fears have faded that there could be a massive trade war between the us and china. will consider tree remarks made by president trump but it has been pretty volatile —— more and said we don't yet know about the retail sector. still looking for a live there for brands like bargain booze. thanks forjoining us. that's all the business news. time for a look at the weather. here's ben rich. after the turbulent weather we have had lately, today makes a present change, plenty of sunshine which will stay until the early evening across central and eastern areas, but more cloud out west, the breeze st

they hope he will be able to bring the bank around. he's held senior hr roles at hsbc and ubs. theirhat people start arguing about whether we should finish the plan. whether we should finish the plan. they have hit the buffers in deutsche bank. deutsche bank. christian saving will be able to put this right? this right? he comes from a different tradition. he is a classic... classic... been seen by most people as a safe pair of hands. pair of hands. and they now have to think of a new wave approaching it. wave approaching it. typical safe parent german hands for a german bank. a german bank. —— safe pair of german hands. the markets? yes. ftse100 has turned sour, going down half of i%. as early as this year, according to a report from city am. see you in one hour. time for a look at the weather. here's tomasz schafernaker. ireland and that is how it will stay. stay. middle of the afternoon across the south. south. weather is, and the air over hubble at the moment is slightly cooler. at the moment is slightly cooler. —— over us. over us. the warmth has drifted into central and eastern