jay y. leerrested on embezzlement allegations. we look at the company and its affiliates. president trump claims credit for wall street's records while blasting apart the chaos at the white house. and singapore's growth surges, beating december quarter forecast. we will be live there for a check on the vital shipping industry. before we 30 minutes get under way right here in hong kong and china. singapore just coming on. looking at those numbers. we had a complete blowout there. >> let's take a look at how it is reacting to the data probe we had this morning. up about 2/10 of 1%, gdp coming on year.higher up 2%. at movers, uab they are the third biggest lender. bad load provisions rose. lower than and ocbc, forecast profits. we see the nikkei lower for a second day, with property and energy leading the drop. toshiba slipping for a fourth day. a single project may be in jeopardy as the u.s. firm says it may be seeking a new contractor. in australia we do have it snapping a two day rise, act by he

the thing jay y lee is, —— the thing is jay y lee made a sweeping change.any will be shaking things up the company will be shaking things upa bit. the company will be shaking things up a bit. it isn't very clear how this will trickle down to the people in the field, to the officers themselves, but it looks like most of these offices are able to run themselves regardless of what is happening up top. looking ahead for the company, to their future, you mentioned they've been successful in separating their business. investors don't seem bothered about the issues with the phones all the scandal. do you think the future for samsung is still quite possible? overall it is quite positive. samsung is a diversified conglomerate. it makes everything from chips to chips. a lot of success rides on the fact it doesn't just make phones. lot of success rides on the fact it doesn'tjust make phones. if you are apple and a flagship product fails you might be in trouble. if you were idm -- ibm you might be in trouble. if you were idm —— ibm microsoft and windows fails, there co

waslast time, jay y. lee questioned for 22 hours. special prosecutor is looking into samsung gave money for political favors, including support for a merger of two units that helped jay y. lee consolidate his power over some samsung group. yousef: do they have anything tangible on the south korean president? she has been quite elusive. prosecutors tried to search presidential offices. they arrived with 10 search warrants, but were denied access. the presidential office citing security concerns them up at the special prosecutor did say they are seeking to question the president regardless of whether they have been able to gain access to the presidential offices or not. the president has also been the subject of the constitutional courts, because they are trying to decide whether her in peach mint that lawmakers voted for will be approved. to approveix months that process. on abuse of authority and leaking of classified information, which she has denied. stocks, abueview of dhabi islamic bank earnings, net income estimated at 484 for t

south korea will make a final decision on tuesday whether to indict samsung executives including jay y. leecharges. who is jay y. lee, peter? >> he is the heir apparent at samsung. the broader picture is there is this investigation into influence peddling at the highest reaches of government. a special prosecutor was a -- appointed about two months ago and has been digging into allegations about corporations giving money in exchange, allegedly for political favors, including at samsung. the special prosecutor had a deadline to finish the investigation at the end of february. today here in asia. he had asked to extend that because it is a big project and was denied the extension, so they need to file charges today. a spokesman for the special prosecutor said yesterday of the five samsung executives identified as subjects, almost all will be indicted. we are expecting that later today. cory: what are the ramifications? it seems in the past, executives of the korean companies have been able to avoid prosecution by having close ties with elected politicians. >> the political climate has changed

now let's get to samsung's jay y. leeriving at the prosecutor's office, further questioning, allegations of bribery and investment. others expected to be called in as investigations continue. rosalind chin is looking at the story. we are revisiting this, aren't we? lee was called. to the prosecutor's office. he was summoned last month, but a court decided the special prosecutor did not have enough evidence to justify keeping jay y. lee in jail. prosecutors are looking into whether samsung gave donations in return for political favors, mergerng support for the of two samsung units that help to consolidate power for jay y. lee. they have denied the allegations. jay y. lee and two other executives will face more questioning. last time, he was question for 22 hours, and special prosecutors will decide by next againhether they will try to get an arrest warrant for jay y. lee. rishaad: this is amongst the backdrop of other scandals and south korea, not least the president under a cloud as well. have they had permission to searc

what is the biggest risk to the company as jay y. lee remains in custody? tim: jay y. ee is still vice-chairman and that is the -- will staystayed in custody for 80 months. it could be an even longer prison terms. he risk is that he is in and is not in. he is still basically in power and you do not know whether or not he will be released, found guilty or not guilty. the interim management needs to assess that. if they want to have new leadership, they do not know if or when jay y. lee would return willleadership role which keep an unstable situation for management. manus: it certainly is. what is the role of someone like jay y. lee given they have so many different divisions each with its own chief? of his powerssence play. a goes back to him consolidating companies and power to affirm his ascent to the top. tim: he is like a monarch at the top of the empire. he does have chiefs of the various divisions. they run those divisions. samsung is just such a huge machine with so much cash and toex, you need someone overlook the whole company and aside if they are going to put

jay y. leeegations, including bribery and investment. the defect oh head of the group and vice chairman was called in for questioning's this morning along with two other executives, .ncluding samsung president it deals another blow to south korea's biggest business empire. forecasts fordefy a price collapse as china remain strong, and the top buyer boosts demand. that is according to rio tinto's cfo. christopher lynch spoke to bloomberg daybreak australia. momentink the key at the is the consensus price is below the spot price. but that canal, cut in two directions as well, so i would not say it is paul off a cliff or anything like that. juliette: that is your bloomberg business flash. manus: thank you. japan's economy expanded, go on, japan, by 1%, the first time the nation has had four consecutive quarters of growth in three years. demand and export gains, the yen falling today. let's bring in brian fowler in japan with the story. when you look at the data on the japanese economy, a lot of thi

it is up by 1%, very much factored in already that it was expected that jay y. lee would be indicted. takata, a little bit weaker. this is as it admitted his guilt in a u.s. court. , this after the dubai-based group bought a 30% stake. i want to show you this g-chart. fabuloushowing what a february it has seen for shares listed in hong kong. we will have a look at that a little bit later. up 5.4%.ows shares word forwill take your it. thank you, juliette saly from hong kong. the starbucks ceo howard schultz says now is the time to build bridges, not walls. when president trump versailles the immigration order, howard schultz says the company plans to hire 10,000 refugees. anna: francine lacqua spoke with the starbucks ceo in milan, who maintained optimistic point of view, despite concerns. >> people mill that starbucks has created a business plan over the years that was based on the social impact. the first company to give equity in the form of stock options to every employee. in china, we discovered housing allowance to our employees and partners who are traveling l

. >>> samsung heir jay y. lee is arrested as part of a corruption probe, sending political shockwaves through south korea and sending shares in the smartphone maker lower. >>> good morning, everybody. welcome back. >> good morning. >> traveling, that beautiful shot in switzerland yesterday. >> i did bring back chocolate, i think it's gone now. i brought it in at 6:00 this morning, gone at 6:05. >> trump getting everybody up and going. the dotcom people can't keep up. >> being a journalist on trump these days, effectively you're on 24 hours. you get maybe five hours. >> head online and look at the key points from this speech, if you haven't already. we'll talk more about it in a bit. want to show you european markets. lower across the board here in europe. some smaller markets hanging on to slight gains. by in large down a half p percentage point. >> it is worth noting we are set to end higher for the second week in a row but far from any record highs on the u.s. markets. >> let's get back to president trump, his n

some breaking news, samsung jay y. leeed to speak to investigators in seoul, korea, and has arrived at the special prosecutor's office for the second time on bribery allegations. we will keep tabs on his arrival. ♪ planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ♪ betty: 8:30 in a gloomy singapore. i half in hour away of trading. i'm in new york. you are watching "daybreak: asia." first word news. >> santos air has arrived at a special prosecutor's office to be question over allegations of bribery and embezzlement. a lack of evidence was cited. prosecutors may still seek another arrest warrant. two other samsung executives a

ray much.ks now, jay y. lee stays in jail. leader, vice chairman jay y. arrested on allegations of bribery, perjury, and embezzlement. executiveszes the ascent to the top role. he will remain at a detention center in seoul. a bloomberg reporter joins us now for more from tokyo. avel, how long is jay y. lee going to have to stay in jail? how long will this take? >> mac, i think we are just in the beginning of this sort of quagmire for samsung. obviously, this is something that has been going on for a while, but this is a process that is only now beginning to unfold. guy: let us talk about toshiba as well losing another chunk of its market value in the session earlier. it is putting its crown jewels up effectively for sale, the memory chip's nest. the problem is, the agencies have a bit of an issue with that. how many more sessions have we got of the kind of company damage we are seeing for toshiba? pavel: you know, this company has 99 problems, but there are probably two that loom largest. one, what is going to happen with the nuclear business? two, chips.

and samsung's chief jay y. leeng to be questioned amid a probe into a corruption scandal. let's get out to sherry for more in seoul. i read its not uncommon for directors of family-run companies to be facing criminal charges, but often they are pardoned and don't do time. this time it could be different according to market watchers. what is different about the samsung story? >> exactly you're right. because of this corruption scandal involving the president of the country, and the weeks-long street protests calling for her impeach m as me well as reforming these corrupt practices in the political circle and the business side, especially talking about the family-owned large conglomerates. it's been a chronic issue in the korean economy. but just because of the scale of these outcry and cries among the korean public, things could be different this time around. the samsung chief has been called in for yet another questioning. the third one since friday's arrest. my source tells me that it won't be much change when it

let me tell you, the prosecutors are throwing big kitchensink at jay y lee.d charges against him to include bribery, embezzlement, hiding assets, and perjury. prosecutors have focused on samsung group's relationship with the president of south korea, accusing him of giving $38 million to business organisations backed by ms park's friend for support of two samsung companies. but of course, all of the parties have denied these accusations, and prosecutors are also requested the arrest warrant of the ceo of samsung electronics. we will find out later today or later tomorrow morning if the arrest warrant will be issued against the chief of samsung and the head of samsung electronics. chief of samsung and the head of samsung electronicslj chief of samsung and the head of samsung electronics. i am waiting with bated breath. hopefully i will talk to you tomorrow if you are in. iam in, talk to you tomorrow if you are in. i am in, are you? i am. see you soon. let us talk about lufthansa. the boss of lufthansa says the firm has made great progress in restructuring the

jay y. lee on tuesday along with several other executives. they are being investigated over the influence peddling scandal that put lee in detention and impeach the president. samsung denies making donations to win government support. the group may announce reform plans on tuesday afternoon. president trump will propose raising defense spending by 10%. in his first budget administration officials -- spending by 10% in his first budget. officials say it will be offset by cuts to federal agencies, state department and epa hit the hardest. he has promised not to hot social -- not to cut social security and medicare. the plan has to pass through congress. another of president trump steam has been given the thumbs up. the senate has confirmed wilbur ross as commerce secretary. he becomes the richest member of the trump cabinet with bloomberg estimating his worth at almost $3 billion. the president has said he will leave the u.s. -- will lead the u.s. in trade negotiations. global news 24 hours a day,

track, prosecutors have to decide whether they will formally indict the acting head of samsung, jay y lee made today or tomorrow all pretty soon. and the other track of the enquiry is because additional court deciding —— the constitutional court deciding whether, basically, to sack president park, or to, say, carry on until november. that is the second track. on both of them, pretty important political events are going to happen. are now there are only ten minutes left before the oscar ceremony begins in los angeles. i am to say that we arejoined begins in los angeles. i am to say that we are joined by carol gould. what a difference a year makes. this time last year we were talking about the hash tag #oscarssowhite. what a difference a year makes. it is possible that some of these films we re possible that some of these films were already in production when you andi were already in production when you and i spoke and it is also possible that a lot of money was poured into filled with diverse themes and ideas and talent. to make up for the appalling absence of diversity that we spoke about

jay y. lee denies any wrongdoing.ay for jakarta's next governor after a campaign that has become a battleground over religion. the incumbent is an ethnic chinese christian who is an ally of the president, on trial for blasphemy, i case prompting protests led by hardline islamist groups. he is the son of a former president and one-time education minister. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: right, going to the market action, financials doing well, basking in what happened on wall street. here is sophie kamaruddin with the market roundup. sophie: as you mentioned, financials supporting gains in asia. when he stocks rising for an a concession out of nine. big player jumping 10% earlier in taipei. it did and announce an earnings miss, but goldman sachs says the bright side to the results was the shipment of virtual reality headsets. goldman sachs sang the market has not captured the value of ht c's vr business. is trying to t

track, prosecutors have to decide whether they will formally indict the acting head of samsung, jay y lee custody. that is one big decision to be made today or tomorrow all pretty soon. and the other track of the enquiry is because additional court deciding whether, basically, to sack president park, or to, say, whether, basically, to sack president park, orto, say, carry whether, basically, to sack president park, or to, say, carry on until november. that is the second track. on both of them, pretty important political events are going to happen. here in britain, two 2.5 years after it was set up by the government, the independent inquiry into child sexual abuse will begin its first public hearings on monday. the first claim to be investigated is the mistreatment of thousands of british children sent to former colonies like australia after 1945. the bbc has been told the inquiry will hear new evidence about abuse, and claims that it was covered up. here's our home affairs correspondent, tom symonds. newsreel: they arrive at fremantle from great britain with 931 new migrants for this coun

it was taken back to the wasecutors -- jay y. lee taken back to prosecutors for a second day. lee was arrested on friday on allegations including bribery, embezzlement, and perjury. angela merkel will host christine lagarde on wednesday seeking reassurances the imf will contribute to greece's bailout. the euro area finance chief -- will review greek compliance with the bailout terms could determine the imf's further involvement. the former greek finance minister says the bailout will only delay the country's problems. >> the greek state went bankrupt and the europe decided to pretend that did not happen. and how do you pretend that equity has not happened? liquiditying it is a problem when it is an insolvency problem. they keep kicking the can -- the snowball up the hill. at some point the snowball comes back. u.s. military says an aircraft carrier group has begun what it calls routine operations in the south china sea. the navy did not say how long the carrier uss -- and accountin -- accompanying ships which stated. rex tillerson said that china should be blocked from accessi

." ♪ rishaad: samsung head jay y. lee arrested on embezzlement allegations.its affiliates. president trump claims credit for wall street's records while blasting apart the chaos at the white house.

samsung had jay y. lees behind bars on allegations of embezzlement and perjury after a they approved a second arrest warrant -- a warrant for his arrest. writing anvestigating whether close friend of the president and asked her more jail time because he is a risk. toshiba shares post plunged , after the rescue of the struggling nuclear reactor business. saying the technology used by mitsubishi is completely different, and any change would violate its relationships with other companies. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 150 countries. you are watching bloomberg. let's get a look at the market in hong kong and china, close it for mark -- closed for lunch. down day in asia. ♪ yousef: welcome to the best of bloomberg markets, middle east. i'm yousef gamal el-din. solid progress in the united growth janet yellen says may warrant higher rates of this year regardless of president trump's policies. we discussed how that will affect the middle east. saudi arab

south korea's special prosecutor's office will decide soon whether to seek an arrest warrant for jay y. leehe was questioned for 15 hours on monday over allegations, including bribery. two other samsung executives are facing questioning. samsung shares down 1.4%. president trump promised a tough response to north korea's latest ballistic missile tests during a press conference with justin trudeau, bowing to prevent pyongyang with the ability to strike the united states. has yet toion announce a detailed north korea problem. >> we have a lot of problems that people have no idea how bad they are, how serious they are, not only internationally, but right here. obviously north korea is a big, big problem, and we will deal with that very strongly. rishaad: global news 24 hours a day. we have our 2600 journalists. we have the world of business covered. back to you. yousef: thanks. the other big story, steve mnuchin has been sworn in as president trump's treasury secretary, 53-47, the senate voted in favor of the former goldman sachs banker, who had to defend his record. old -- 54-year-old will ta

. ♪ >> jay y. lee are arrested. worked onfect oh has library. elian's were word shareholders. that. money flows in two pimco. we speak to the cfo. trifecta.mp's three of the administration's top diplomats dissent on germany. will vice president mike pence take friends in europe? -- make friends in europe?

south korean prosecutor may end i jay y. lee along with other executives.nfluence the peddling scandal that has led to the impeachment of president park. denies making donations to gain support. it announces the group may have plans to announce on tuesday afternoon. saudi aramco said to invest $7 billion in an oil refining project developed by petra noss. malaysians and mr. says the deal will be signed later today as the two companies finalize plans to operate the refinery. sources are telling bloomberg that softbank is in talks to merge is satellite start up. a deal is conditional on setting shares,ney to purchase valued at $18 billion. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. yousef: the dow has pushes winning streak to 12 sessions, the longest in 30 years. the president has rounded out his economic team with wilbur ross winning senate confirmation as commerce secretary. kathleen hays is here. again, mr. ross finally getting the green light. what does he bring here to the

this is something jay y. lee promised in improvements in transparency.amsung group subsidiaries rallied after this announcement. andrew, we talked with one investor, aberdeen asset management, who has $1 billion stake in samsung electronics, they said that they believe the companies are still strong, it's just that from day one they were always very concerned and skeptical about the business infrastructure and the chaebols in his words having their fingers in every single pie in south korea. >> thank you for that report. >>> japanese tech billionaire masayoshi son believes singularity will occur within 30 years. that's late. that's 47, isn't it? that's r the softbank ceo says machine intelligence will surpass human intelligence and continue to improve itself at an exponential rate and by 2047 that will happen. speaking in barcelona, he said he issing ing aggregating cash companies are developing arrest artificial intelligence. it's not just exceeding human intelligence -- >> it's downloading your brain. >> you would hope. where machine knowledge is a bil

the special prosecutor indicted jay y. lee, the de facto head of the samsung group, and the question is whether $38 million given to charity donations to choi soon-sil, whether that amount of money constituted bribes for the government backing of the merger of samsung and cnt two years ago, which locked jay lee's hold on samsung electron electronics. what did the group do? samsung electronics rallied up 1%, so did the battery company and engineering as well. as for the broader asian markets, the kospi ended up. the nikkei ended at the flat line. a lot of momentum early on in the morning session from the record close on wall street from the dow, but saw some of that momentum lose steam. the asx 200 ending down 0.2%. that's a look at how we ended this tuesday. guys, back to you. >> pauline, thank you very much. >>> the dollar strengthened after the dallas fed president, robert kaplan repeated his calls for the fomc to hike rates sooner rather than later. the fed may need to raise rates in the near future to avoid falling behind

the same investigation has widened to include the biggest industrial conglomerate, samsung jay y. leeaken back to the prosecutor's office for a second day of questioning. he had been arrested on friday for allegations of bribery, investment, and perjury. the white house chief of staff has tonight reports that trump campaign eight's had repeated contact with russian intelligence agents. ryan's pre-bus appearing on the sunday political shows in the u.s. described a report in the new york times last week is "total baloney." he said it contained treasonous types of accusations. >> the mainstream news outlets washingtonting like daily gossip magazines instead of the weight used to be, where you would get a few sources on the record. you need some background and may be some anonymous sources, but to accuse an organization of being in constant contact with russian spies is outrageous. >> iraq has launched an operation to take the western half of mosul. took control of the eastern part, but the west including the airport remain under is control. of thousandsdreds of civilians trapped in iraq

samsung had jay y. lee allegations of embezzlement and perjury after a they approved a second arrest warrant -- a warrant for his arrest. they are investigating whether he was involved in

>> samsung's de facto leader jay y. lees in detention in seoul, arrested on allegations of bribery, perjury, and embezzlement. the company has issued a statement saying it will do its best to ensure that the truth will come out. this seems like a big deal. >> it is. i was there. i was in front of the district court when the first appeal for the arrest warrant was made by special prosecutors. and the feeding outside the court was like, this is business as usual. they will reject it, and sure enough, the court did reject it. but special prosecutors have come back with more evidence, and in the last couple of hours, the court has ruled in favor of issuing the arrest warrant, perjury, embezzlement. >> shares of unilver surging, a proposal for craft and time to combine, unilever rejecting it, but the company is not giving up. is this round one? >> it seems like it is, but it is interesting that those shareholders are optimistic. unilever does not seem to be optimistic at all. they are saying there is no strategic benefit to this

jay y. leesung group on bribery charges. four other executives will be charged. jay y. lee millions of dollars to an entity controlled by a friend of the south korean president. british consumer confidence weaker this month. the index fell in february. the appetite for making major purchases decrease. it is an indication that the drop in the pound and weak payrolls is weighing on consumer spending. that is the largest part of the british economy. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. i am taylor riggs. tom: thanks so much. let me get to one board come markets very quiet, stasis settling as markets grind higher. spreads a little flatter, in the euro there. i'm sorry, francine. i'm bored. francine: i'm not bored. investors hitting the pause button. investors are waiting for what trump will say when he addresses congress. kevin, is trump going to give a campaign speech today? is the trump default to go backr months before the election? is that what we will get tonight? a joint a dress to con

it is news on jay y. lee, de facto head of the samsung group. there has been tension surrounding him. south korea's special prosecutor is re-seeking the arrest of same g's lee.amsun prosecutor brought back jay y. lee for more questioning over allegations including bribery, keeping up the pressure on south korea's biggest business empire. up next is trump and trudeau talks. australia's finance minister tells us he is hopeful the u.s. will sign up to eight pacific deal -- to a pacific deal. ♪ mark: i am mark barton in london. donald trump has derided it as the worst trade deal in u.s. history. he reassured justin trudeau that canada is not the main part of his plan to reset trade relationships. president trump: have an outstanding trade relationship with canada. we will be tweeting it. we will do certain things that benefit our countries. it is a much less severe situation than what has taken place on the southern border. mark: australia is holding out hope the u.s. will eventually sign up to a pacific trade accord, as the economic benefits prove i

the headline here is that the south korean court has issued an arrest warned for jay y. lee of samsung. this is bloomberg. ♪ will speak tomorrow at a boeing plant where is expected to make an announcement about the export import ban. critics say it's a big giveaway to big business. earlier today, kevin's are really caught up with a democrat representing north dakota who is in favor of the agency. he asked her about efforts to get the ban up and running. >> this is been such a long journey. not only were we able to get it reauthorize but now we don't have a quorum. you could do small loans and doll credits, but you cannot anything over $10 million unless you get approval from the bank board. right now we don't have a fully functioning bank board, so there's no core my on the bank board, which means we can't do any credit over $10 million. which means there is $30 billion of exports, meaning almost 180,000 jobs in the pipeline that are not getting approved. presidentment to the is, let's get the bank up and running. you care desperately about keeping american manufacturing in

samsung there jay y. lee was take them back to prosecutors for a second day of questioning. was arrested friday on allegations including bribery, embezzlement, and perjury. the white house chief of staff has denied reports that trump campaign aides had repeated contact with russian intelligence agents. appeared onus sunday political shows to describe a report end you are times last week as total baloney. outletsainstream news washingtonting like daily cost of magazines instead of the way it used to be, where you would get a few sources on the record, yeah, some background and may be some anonymous sources, but to accuse an organization of being in constant contact with russian spies is outrageous. military saysu.s. an aircraft carrier strike group has begun routine operations in the south china sea. the navy did not say how long the carrier and a company ships and aircraft's would stay there. during hison said confirmation hearings that china should be blocked from accessing artificial islands it built in the disputed waterway. global news 24 hours a day powered by more than

we are awaiting a court decision on the arrest of jay y. lee.its highest level in the year and rio tinto pricing .7% today. the minor is said to have pitched on a $1.5 billion sale of its last remaining coal operations in australia, the world's second-biggest minor and said to have received unsolicited bids for those coal at sets -- coal assets. it has been devasting coal assets since 2015. some currencies here, the aussie dollar, if i can pull that up real quick, given the mix to jobs data this morning, the aussie has been above $.77 since last night. we do have the korean won leading gains, at a three-month high, strengthening 6% against the dollar this year. a last a check on the taiwanese dollar, stronger for a fourth day. this after fourth-quarter gdp was revised upward, but a and said recommending to sell the currency -- but anz recommending to sell the currency. rishaad: thank you very much indeed for that. sophie kamaruddin breaking news, direct investment in china, downside. 9.2% -- fdi was inn nine point -- 9.2% yuan terms. foreign dir

the defective head of samsung group, jay y. lee, has been arrested on allegations of bribery, perjury, and embezzlement. with appeals, it may take 18 months for a trial verdict. the court says a decision was made because of the risk he might destroy evidence or flee. samsung has denied it made an unlawful offer paid a bribe to the south korean president. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. mark: the longest rally in u.s. equities in three years finally came to an end yesterday, pulling back after a weeklong rekindling of reflation trade, fueled by optimism the american economy can withstand high interest rates. the chances of a hike in march have receded from 44% at one point yesterday to just around 36%. speaking to bloomberg atlanta fed president said the next fomc planned andng is no the economy is in good shape. >> the retail sales report we just saw tells me that the economy is on the path i expected, or a little stronger. mark: let's bri

a special prosecutor is again questioning samsung group's jay y. leellegations including bribery and embezzlement. the de facto head of the samsung group and vice-chairman of samsung electronics was called in for questioning along with other executives including the samsung electronics president. the move potentially deals another blow to south korea's biggest business empire. u.s. oil has held gains near $54 a barrel after the international energy agency said opec achieved a record 90% initial compliance with its output cut deal, while demand grew faster than expected. the uae energy minister said he is happy with the level of commitment to production cuts. >> i am very happy with the compliance. i think the countries are committed. and we hope in the months to come to see a similar or higher level of compliance to the numbers as mentioned. francine: and that is the bloomberg business flash. francine: and let's get more on the oil story. still with us, james beva medicinen and jean -- james bevan and jean medicin. so oil companies struggling with refi

south korean prosecutors have confirmed they will charge this man jay y lee, the third generation leader

corea del sur arrestaron hoy al heredero y presidente de funciones de la multinacional sansÓn por su presunta participaciÓn en un escÁndalo de corrupciÓn. jay leelos semÁforos y pasan de rojo a verde para que el peatÓn o ciclista pueda cruzar la calle sin sufrir un accidente. el servicio postal dejo indicÓ una serie de sellos al fallecido diseÑador dominicano oscar de la renta que muriÓ finales de 2014 los 82 aÑos de edad. vamos con fÉlix que tiene un adelanto de esta noche. fÉlix: el gobierno del presidente trump estudia una opciÓn para eliminar el programa de acciÓn diferida mÁs conocido como daca y asÍ dejar sin ninguna protecciÓn a miles de soÑadores. familias inmigrantes en tucson, arizonaestÁn decididas adentre defenderse de posibles deportaciones masivas alertando a las autoridades de que conocen sus derechos. al menos seis personas murieron hoy en la ciudad fronteriza de reynosa durante 12 enfrentamientos entre fuerzas federales y presuntos menos de una organizaciÓn criminal. jorge: adelante mandar a la cÁrcel al esposo de la infanta cristina en espaÑa pero no a la infanta y descontamos por quÉ. ponen una escultura del papa francisco ex