and jessica summers has the headlines for us.he international monetary fund expects the global economy to continue expanding for two more years. the fund is leaving its forecast for growth this year and next unchanged at the appointment that global rejects growth will fade as central banks tighten policy. the stimulus aside, tightness and gradual slowdown continues. adopting an approach to simmering trade tensions of the u.s., aging has let anti-dumping duties on exports. china has made their it doesn't want a trade war, but it has promised to fight president trump's take policy and defend its own interests. larrys economic advisor kudlow is downplaying the chances of the u.s. to reenter the transpacific partnership. he says the idea is more of a company policy. could no says watched it the in the preliminary stages of any discussion and officials are interested in a separate deal with china. >> if the united states wanted to follow through on interests, that would trigger a , and with others were interested in rejoining as well.

let's get to the first word news with jessica summers. jessica: thanks.he trump administration is said to be pushing for the u.s., canada and mexico to reach a nftafta deal. p in singapore. that could be announced at the summit of the americas in peru. negotiations resume in washington this week to reach agreement on significant remaining differences that would allow the president and leaders to make a positive statement while the technical terms or hammered out. fell flat. cash reserves under pressure amid the long running pressure to build the sedan. tesla may need to reai as much a $3 billio -- taise as much as -- raise as much as $3 billion. output is still below target. to get overakers listed tech companies back home. he added his back into the plan to allow companies to trade abroad. he describes the plant as a great innovation. xiaomi is said to be preparing an ipo could be the biggest since alibaba's debut in 2014. finally, environmental regulators say the time i put in place by president obama is too high. the epa decision follows intense lobbyi

now first word news with jessica summers. steps intoesident xi the spotlight leader, making a keynote speech. we're waiting to see if you offer his first direct reaction to the tariff threats coming from washington. so far, he has let his diplomats take the lead. the speech comes 40 years after economic reforms began transforming china. evaluatingid to be the potential impact to the evaluating -- d evaluating the yuan. senior officials are studying a two-pronged reaction, one that looks at the currency as a tool in trade negotiations, the other model on what could happen if the u.n. would devalue it to offset the impact from tariffs. the fbi has rated the offices of president trump's longtime lawyer, season documents after a special counseler applied research warrants. coh hase been an key figure in a series of legal issues. pornography,000 to star stormy daniels over an affair she said she had with donald trump. cohen said he used his own money for the payment. and mark zuckerberg will tell congress later that facebook's pro

and we turn to first world news with jessica summers.n aprilrose about 30% 13, up from 25% two weeks earlier. chose worsening sentiment about a company, however it can also be a signal to contrarian investors that the worst may be over for the stock. reportedition data has on a delayed basis by the nasdaq over two weeks. tesla has fallen more than 5% since april 13. best year's tax overhaul gave rise in a windfall to buy yahoo!. is worth $4 billion as of the below the 4.5 billion. bryson one a big tax break because all of its revenue comes the u.s. and expects the pain of active right as little as 4% this year, down from 35%. to make of the jet engine that blew up on a southwest airline plane last week was about to recommend inspection. that would that included the turbine that failed. they urged carriers to check older fan blades, but a draft circulated among airlines expended a list to include. the engine on the fatal flight. initial inspection showed it had metal fatigue. france's proposing negotiations on a new deal with iran in a bi

let's get to first word news with jessica summers. bet shares soaring after beating analysts' estimates. forecast atbove $9.30. other revenue, which includes hardware, cloud, and out sales, jumped 40% on the year. that reflects a $2.4 billion purchase of an office suite in new york. escalatingon the conflict between saudi arabia and yemen. tensions reach the highest since 2014 after i romney-backed rebels launch unsuccessful militant attacks and a senior member of the group was killed in a saudi coalition strike. a barrel. at $68 whiteness premium for wti since january. nafta negotiations resume on tuesday. the canadian foreign ministers are in an intensive phase, however, president trump said again that he could make a mexican agreed to curb a condition, highlighting that a deal is still far from certain, writing on twitter, the president said "mexico must stop people heading through their country into the u.s." he also called for wall funding. global news 24 hours a day, online and @tictoc on twitter, powered by more than 2700 journa

i am jessica summers. this is bloomberg.ate on markets as we head into the opening of trade in asia. new zealand seeing a tepid session. , we arein australia watching the chinese gdp and domestic activity numbers, retail sales, industrial production all out today. sydney flat after the u.s. dollar falling amongst most of those pairs, in fact the lowest since march after trump level these twitter accusations against russia and china for currency devaluation. the is where we are seeing yen as shinzo oblique battles falling approval ratings. sterling surging to the strongest and 22 months, but could see resistance as we get the you case cpi numbers, more brexit trade negotiations, as well as u.k. earnings reports and the bank of england as well. u.s. 10 year yield unchanged. 1%,s&p 500 gaining almost the highest in a month, wiping out losses for the year. let's get more as trading gets underway in asia. asia is a mix to start. china data is pretty distracting, but you have been looking at one indicator of market stress. >> peop

jessica summers? jessica: the u.s. , $50 billion in annual trade and could face new 25% tariffs. it covers around 1300 proposed tariff lines including aerospace and communications technology, robotics, and machinery. they will face further public review before coming to a final determination. the list violates international trading rules. facebook says it has removed more than 130 accounts on the social network. and on instagram, the russia-based research agency. they had content targeting people and russia itself or neighboring countries. saysspoke says -- facebook they've been running for months. new guidelines on casinos are seen as and if fitting big players. they agreed on $56 for local gamblers. that is in addition to a tax in gross gaming revenue. they strapped a limit on casino for space -- floor space. there were operators in new york and they could keep an eye on the hong kong shares later. 2700ed by more than journalists in more than 120 countries, i'm jessica summers. this is bloomberg. thanks for that. let

jessica summers is joining us from new york. jessica: the trump administration is said to be pushing for the u.s., canada, and mexico to reach a nafta deal. april 13 through 14th. negotiations resume in washington this week to reach agreement on significant remaining differences that would allow the president and other leaders to make a positive statement while the technical terms are hammered out. meanwhile, tesla fell again as elon musk's april 4 phil flat. his bankruptcy -- april fools so flat. they must raise $3 billion because the slow build have limited return on investment the company made. tesla is accepted to say that output is below target. smartphone makers support china's plan to the were tech companies back home -- to lure tech companies back home. companies are allowed to issue cd-r's. he described the plan as a great innovation. he is said to be preparing an ipo that could be the biggest since alibaba $25 billion debut in 2014. relaxy, regulators are to vehicle emissions standards. the timeline put in place is too

first word news with jessica summers.ded the fbi had offices of president's longtime lawyer, michael cohen. they seized documents after robert mueller applied for search warrant. he has been a key figure in a series of legal issues. he paid $130,000 to stormy daniels over an affair she says she had with trump. made the payment without the president's knowledge, using his own money. pres. trump: it is frankly a real disgrace, an attack on our country in a true sense, an attack on what we all stand for. when we saw this, i heard it like you did. a whole new level of unfairness. reports from china say alibaba chairman jack ma is prepared to abandon his commitment to create jobs in the u.s. if the traits that worsens. china's news service growth he made this thread on the sidelines in hainan. the boss met the president in january of last year. he said he planned to boost retailers across the u.s. to create up to one million new jobs. officegressional budget said the u.s. deficit will top $1 trillion by 2020, 2 years sooner th

i am jessica summers. this is bloomberg. ♪ yvonne: jessica, thank you. down to some of the major market opens in the asian pacific. let's get more with sophie kamaruddin. we saw bounceback on u.s. stocks before we got that hit list on tariffs and chinese imports. it will look interesting. >> interesting is one way to put it. look sharp, a volatile session ahead. likely helped by u.s. stocks turning risk on. the amazon rally, sparked by relief the white house says it is not targeting the company. ofwait for full scope china's response to that hit list on tariffs. beijing says it will respond in kind on the same scale, proportion and intensity. the yen holding near overnight lows. to see whate coming is the knock on effect of that tariffs list, and if it will have effects on the supply chains. the tariff targets airspace and energy vehicles and robotics. keep an eye on japanese robotics maker's. they may be drawn into the vortex surrounding this china tariff list. one comes under pressure as new orders can seem -- seen presented by other issues. itnne: and

let's get to the first word news with jessica summers, who joins us from new york. jessica: president intends to nominate pimco's richard clarida as fed vice chairman. experience after more than a decade at pimco and also insight into how washington works from the time at the treasury under george w. bush. he was a long time university professor. he steps down from the fed in october. u.k. prime minister theresa may has come under fire for not meeting a common debate on airstrikes in syria. she spent more than three hours justifying her decision. debate.eduled the she is accountable to parliament and not president trump when it comes to approving military action. u.s. and u.k. have issued an unprecedented joint alert saying russia is using compromised computer networking equipment to companies and agencies. the department of homeland security, the fbi, and britain's national security center wants specifically of attacks on routers. they say individuals and business should ensure software is up-to-date and password are secure. 900national guard says personnel have bee

i am jessica summers. this is bloomberg. ♪ you.e: jessica, thank we are counting down to the open .aland and vietnam offline today. spooked bye getting bond markets, only sing 3% on the 10 year. the guidance is not very good. sophie: the devil in the details. in asia, our own batch of details. i will show you the companies we are keeping an eye on. lg display showed a surprise first-quarter loss and a slowdown in sales. it may have hurt their first-quarter profit. for japan we are waiting on cannon and a semiconductor player. it will be one to watch. in the health care space, a farmer company beat estimates and remain -- retains its operating outlook. takeda pharma on the radar. they're revised proposal is equivalent to $64 billion. shire has agreed to extend the offer with takeda to may 8. --anese machinery players caterpillar said the first quarter is as good as they get. they said they are hampering earnings growth. one said it is an appropriate amount of conservativism. yvonne: we are certainly seeing that margin pressure. taking center stage again after we hear news of a pod --

let's get to the first word news with jessica summers. jessica.phabet shares late trading after first-quarter profit and revenue beat estimates. googles parent delivered earnings per share of $13.33, above the forecast peered other revenue which includes hardware, cloud, and apt sales, jumped 40% on the year. capital expenditures more than tripled. that primarily reflected the $2.4 billion purchase of offices in new york. the senate foreign relations favor of miked in pompeo being the next secretary of state. he's expected to win the approval of the full senate later this week to replace rex tillerson. dropped his opposition after pressure from fellow republicans in the white house. to ensure pompeo wasn't the first secretary of state nominee to be rejected since at least 1925. oil surged on the escalating conflict between saudi arabia and yemen. futures reached their highest since december 2014 after iranian backed rebels launched unsuccessful missile attacks and a senior member of the militant group was killed in a coalition strike. withtexas cr

i am jessica summers. this is bloomberg. ♪ betty: thank you so much. quick reminder on how the markets traded today. that wassolidly up, the sentiment all day today in the market. butowing to facebook, tempering of the u.s.-china trade tensions. 1.5%, the downg adding 430 points. the nasdaq rising, up about 2%. at least for now, the tensions did not get higher. they either stayed the same or a little lower. that was enough for the bulls to come back in. xi'se: after president speech. you could call it an olive branch to president trump. we are willing to lower tariffs on autos and ip. the question is, how long for these changes. investors eating it all up. we are seeing a positive day in new zealand, we're up 0.2%. and upside of strength for the kiwi this morning. also trading in australia getting underway in about an hour's time, 15 minutes. pre-much flat when it comes to futures. .7766. unchanged for the aussie tenure as well, 2.71. prices, machine orders coming through in the next couple minutes. futures pointing to a higher open on the nikkei. doll

i'm jessica summers. this is bloomberg. you sojessica, thank much. it more details on the latest earnings. all street started off on a bullish note but big losses in tech. industrial shares weighing on the market. the dollar has been a different story. a closing of the best month since november of 2016. that rush continues to the greenback. su keenan have the latest. are not seeing a lot of conviction and in the past year, we know what sector is leading whether it was telecom more chips. now it is oh, no, this. oh, no, that. oh, no, telecom was the story today. the dollar you mentioned finishing the best month since november of 2016. oil rising and treasuries gaining. let's go to the big movers. we have the split that you can see the size of the moves are significant. twitter showing that social media stocks are of big. content.or life those on the plus side but the down stocks really claimed the day. microsoft jumping suddenly in this session. as dropping in a big way morgan stanley comes in to hi me out the timeline. edgar opportunity for drugs wil

case this year, and, in fact, we're looking at the cooler, breezier wind, summer time patterns end, feels like spring, and, jessica, springtime showers. we'll keep you posted. >> okay, definitely a possibility. >> definitely maybe. >> definitely, maybe. >> well, a cooldown. >> yeah, okay. thank you. >> meteorologist, wife, mother, author times two, there's a new children's book this week calmed "chasing helicity", following her passion for the weather, and i talked about the new beg ginger this morning. >> to you hope to inspire girls in science? >> absolutely. we didn't have a ton, they said, now, did you go to science festivals when you were a kid? we didn't have that. having the opportunity to be inspired by a character and living in their world, and then realizing you kind of love weather too, that would be my ultimate dream, to have a bunch of little meteorologists come out of this. >> she was on "good morning america," still on maternity leave, and will be back in two weeks. >> we continue following breaking news in san francisco. sky7 is over the scene of a gas leak >>> searching for treasure. >> what is it

jessica! hi, everybody. looks like summerback to sunshine everywhere but the beaches today where it's going to be mainly gray. this is going to take our temperatures down a little bit. mid-to-upper 60s along the coast, low to mid-70s around the bay, mid-70s to near 80 inland. and temperatures just keep getting cooler with a chance of sprinkles and drizzle friday and saturday. sue? >> we've got a severe traffic alert in petaluma. it's not on the main freeway, but it is highway 116 lakeville. that's browns and south mcdowell. all lanes are shut down. purple in the traffic world is never a good thing, so find an alternate route. once again, lakeville highway between browns and south mcdowell shut down. no estimated time of opening. >> heads-up if you're heading out the door there. thanks, sue. time now for "live with kelly and ryan." we'll be back at 11:00 for the "abc7 midday news >> announcer: it's "live with kelly and ryan!" today, a performance from recording artists sting and shaggy. and from the new series "barry," henry w

reporter: >> reporter: jessica, good evening, the officer is asking that he remain anonymous because he is fearful for his safety. he was transferred to the central station behind me this summer once he completed field training and he said from the start of his tenure he has born the brunt of inexcusable racially tinged behavr. >> just making the complaint, i've been labelled as a rat, singled out by my colleagues and now fear for my safety. >> reporter: the san francisco police officer said he's been harassed and demeaned by fellow officers because of his afghan background and muslim faith. instead of investigating the problem, the officer claims internal affairs exposed his complaint. >> leakage, non-stop leakage and finding out stuff that is supposed to be confidential. >> discrimination, racist treatment, accusations of being a terrorist. >> reporter: san francisco public defender deaf adach showed a room full of reporters examples of accusations filed in the complaint last september he was called a sand n-word four times. and in another case the officer said a colleague told him, quote, i would appreciate it if you tell me the plans of your terrorist network so i can pla

if president trump decides to tweet or speak about jessica in a way that is defamatory, he should be reminded that when he defamed my former climb summer zervos, we filed a complaint against him and the court allowed us to proceed with that lawsuit over his objection where he thought that the president somehow should be immune, but the court found that no man is above the law, including the president of the united states. >> let me make sure that i understand -- >> at your peril -- >> let me understand, are you saying tonight that what the president says and does will determine whether or not you file suit? >> that's absolutely correct. >> go ahead, jessica, sorry. >> something else that he said that was very upsetting was in reference to me during a radio interview, he said of course she's been grabbed before, she's a porn star. and that perpetuates rape culture and quality apologists and it infuriates me as well. >> even an adult film star has a right to say no to unwanted sexual advances. she didn't like that kiss on the lips when she entered his hotel room, she had a right to object to it. and no woman, no matter her occupation is

jessica is out on assignment. i'm natasha zouves. mike nicco tracking beautiful weather. >> time to do the wardrobe shuffle. bring the early summer clothes to the forefront as we head through the weekend. let's talk about what's going on right now. i wanted to show you the winds because they're really non-existent which is good. it's really chilly this morning. mid 30s to mid 40s. here is a look at the golden gate bridge. gorgeous sunrise developing. 38 to 45 at 7:00. we'll stay in the 350s at the coast because it will become quite breezy. 66 to 68 to 4:00, near 60 by 7:00. quiet here. how about the roads, alexis? >> overall, a fairly quiet start to the commute. we are not complaining. we're looking live at the bay bridge toll plaza. the metering lights have been on for nearly 40 minutes, but that is about it. those typical backups into the maze. southbound 101 looking good. in the green at just about 15 minutes. westbound 580 castro valley to the maze, also in the green at 13. northbound 101, i'm really impressed by how quickly this drive time has improved between 280, 680 and highway 85. had a crash north of alum rock involving