here is juliette saly. ette: first quarter profit dropped 33%, that is the world biggest dealmaker that with a slump and a decline in iron ore. it maintained its full-year earnings profit. 40 million air bag inflator's will be added to that recall. takata said it will cooperate but it is not aware of any risks from the products in question. the time bank seeking a buyer to shore up its finance is. -- it's finances. the income fell to 93.2 million 143 million a year earlier. up toand sap are joining deliver software for iphones and ipads. it opens a new avenue to apple to reach businesses at a time where cells have tapered. -- where sales have tapered. that is your bloomberg business flash. guy: juliette, thank you very much indeed. delivered their first verdict on jeremy corbyn's labour party. losses across england the scott just scotland. -- england and scotland. let's get more from alan crawford. he joins us out of edinburgh. if i am watching in berlin, paris, is there anything i could take away in terms o

juliette saly has the details of the trading day. juliette: good morning. a week we would probably rather forget. we are seeing more losses today. japan has come back online, the nikkei down, extending those 3% losses that we saw during monday's session. we are seeing significant selling coming through in the a share market in shanghai. there's concerns about a slowdown in growth in china and a lot of nervousness in the region ahead of the all-important u.s. jobs number. a number of stocks falling quite significantly in china. the regional index down by 1.75%. the hang seng has been in the red five sessions in a row. that is the longest losing streak in six months. we are seeing casino stocks and energy players coming under pressure. similar to australia, the a sx 200 down in late trade. the regional index is lower for a fifth session in a row. that is also its longest losing streak. we have been watching cut a, coming back online after that announcement of more recalls. its share price down 10%. sharp also under pressure in japan with nikkei news reporting

here is bloomberg first word news with juliette saly. juliette: china may need a bailout worth trillions of dollars. that is according to an analysts. of the risk from china's credit binge. she cautions that beijing will have to provide vast sums to? bad debt. o tackle bad debt. came, --he chaos that yuan is down this month. the pboc has learned its lesson and will not let the market fall into panic. to the investment, one of the oldest and most expensive hedge investment,tudor one of the oldest and most expensive hedge funds is trimming. will reducehe firm most rates. that is according to a letter sent to clients and obtained a bloomberg. 27%.ee is worth after months of protests against francoise alonso government that's over francoise alonso government -- meanwhile the officers of the socialist party have been vandalized across the country. most recently yesterday. global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . guy. guy: tha

let's get the first word news juliette saly. juliette: thanks.ef investment officer of one of america's biggest pension funds joined warren buffett in scorning money managers who gains.20% of their broken.d the practice >> as an investor of capital, we negotiate hard. and i have said very clearly, the20 model is broken; large institutional investors are off the table. we're negotiating much lower management fees. the english premier league was clenched by the first-ever winner, who only managed to drive chelsea. ester came close to relegation from the premier legalla year ago. it was 5000 to one to win. global news, 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. stories on there bloomberg at top . anna: thanks so much. goldman sachs can't catch a break in the currency market; less than two months after it softened its short-term euro forecast, it's doing the same with the yen. now goldman thinks it is likely to arise until the boj as additional stimulus. this comes at the en -- let's get analys

here's the bloomberg business flash with juliette saly. juliette: thank you, guys. airbag maker takata have plunged again after u.s. regulators plant for an expansion of recalls. the latest move could affect more than 100 million vehicles worldwide. akata says no decision on the recalls has been made. the u.s. department of justice criminal division is investigating jpmorgan's hiring practices in asia. the bank had admitted it is facing inquiry by the sec. people familiar with the matter say that regulators are trying to figure out whether the companies went around bribery laws. chartered is said to be investigating its bankers over expense reports and lending money to colleagues. two people with knowledge of the matter say that several employees in dubai, including three managing directors, have left the bank over the past six months. that is your bloomberg business flash. guy: thank you very much indeed, juliette saly. halliburton and baker hughes have called off their merger after meeting stiff resistance from antitrust regulators. elliott gotkine has more. partl

here's juliette saly. juliette: thanks, guys.hares in airbag maker takata have plunged again after the u.s. regulators planned to push for an expansion of recalls. the latest move could affect more than 100 million vehicles worldwide. kata says no decision has been made and it is in talks with the national highway traffic safety administration. the u.s. department of justice criminal division is investigating jpmorgan's hiring practices in asia. the bank is facing inquiry by the sec. people familiar with the matter have said that regulators are trying to determine whether the bank violated anti-bribery laws. standard chartered is said to be investigating its bankers over expense reports and lending money to colleagues. two people with knowledge of the matter say that several employees in do my have left the bank over the past six months as a result of the probe. that is your bloomberg business flash. guy: thank you very much indeed. is your gearing up for a summer of discontent? we've got the referendum. with that the refugee cri

let's get the first word with juliette saly. juliette: good afternoon from hong kong. donald trump is the result of republican presidential nominee after ted cruz quit the race. that means he can secure enough delegates before the party convention in july. after denigrating his opponent praised ted, he cruz for ending his campaign and took aim at hillary clinton instead. >> we are going after hillary clinton. she will not be a great president. she will not be a good president. she will be a poor president. juliette: bernie sanders claimed in indiana, slowing hillary clinton's progress to the nomination and giving his campaign a much-needed boost, but does little to narrow her delegate lead. hedge funds have come under attack from a high-profile name in finance. this time, it is billionaire steve cohen. he said he is astounded by the shortage of skilled people in the business. profit beatquarter analyst estimates. profit adjusted for one-time items and industry charges fell, exceeding the estimate of a letter -- 11 analysts surveyed by bloomberg. oil prices are at a 12-

juliette saly is standing by. good day to you. juliette: a better session to round out the month of may for the regional index. -- it isrently for currently up for a fifth session in a row and china is doing the heavy lifting. up by 2.5%. further gains coming in from the nikkei. the yen is holding at 0.7%. the hong kong market is quite solid. selling coming through in india and parts of southeast asia and australia down to 0.2%. the game we have seen on the regional index today. most sectors are tracking higher. the monthlyoss with index. the regional index will close out the month of may down i about 1.5%. the five sessions of gains we have had over the past trading thathas helped pair back loss. a few movers we are watching in the region. takata is higher in tokyo. it says it will roll out bankruptcy as a way of reducing its exposure to liabilities following the air wide -- the worldwide airbag recall. singapore airlines saying in an e-mail to bloomberg that it will reduce its stake in virgin australia if the deal goes ahead to 2

juliette saly joins us from hong kong. juliette: that positive or stronger oil price is helping things in this part of the world. we are seeing a good day for most asian markets. up for a second consecutive session. switch out from the china market, down 4/10 of 1%. to weaknessly due coming through from consumer related stocks. the high oil price is boosting energy players in the region. kong.china in hong the australian share market is getting a boost from the rise in commodities as well. the nikkei 225 up a 10th of 1%. the weaker yen has played into sentiment there today. quarter gdp first number coming through out of japan on wednesday. a lot of concern that we could see japan going into a technical recession. if you have a look into the overall regional index, every sector except telcos are higher. oil and gas players rising. sectore the technology -- also, the technology sector is rallying on the back of the big game in apple shares in the u.s. on monday after warren buffett from berkshire hathaway revealed it had a $1

juliette saly standing by to run up what is happening on the asian market. is it fed focus? two to three rate hikes. juliette: yes, it seems like we have a long way to go. certainly the likelihood increasing that we could see in june, scaring investors across the region with the exception of the philippines. every market is in the red. japan lower. australia off by .3%. .orea down .9% the asian market having its first loss in three sessions. volumes are quite low on the asian market. consumer related stocks and the commodity and industrial stocks coming under pressure. in hong kong, the hang seng index down point for percent. down .4%. indexed nowhere for investors to hide. we are seeing every sector being sold off. led by those commodity players and oil and gas picture. as we see crude oil retreat. a look at currencies, the reserve big -- bank governor has been speaking in sydney. he is the outgoing reserve bank governor he says there is no need for us to leave to change its inflation target. that would be a knee-jerk response. you saw the reaction that the market had their.

we got juliette saly standing by . we got the g-7 on the roster. look at dollar yen. this a volatile . how is the equity side looking? juliette: a very volatile day. we saw that rebound coming through in the yen. .1%. closing higher by certainly the jets share market was up by 1% today. a weaker finish -- certainly the japanese share market was up by 1%. a weaker finish. we are seeing crude contracting near $50 a barrel, breaking through for the first time since november. solid support coming through from a lot of energy players. here in hong kong, still a little bit of weakness on the hang seng. it is down by .1%. the asian market has been .olding near three-month lows the former crude price weighing into transportation companies. that market lower. southeast asia pretty mixed as you can see. oil and gas players led the region high -- higher. the daily limit on this confirmation that kkr will help to cut a out -- to help -- will out.takata investors seem that he that they are putting a price on that. in australia, not only that rally coming through on the oil price, i

juliette saly is standing by. >> not a great need for you in europe.ming through in asia today. china has turned positive heading into its last hour of trade. up by .2%. australia dragging the region lower and giving up the solid gains from yesterday. the asx 200 closing down 1.5%. that is the biggest fall in a month. regionally, excluding japan, because japan will remain closed until friday, was actually seeing the regional index fall for a sixth straight session. -- kospi the cost be closing down .5%. all to do with the comments we had from the fed atlanta chief which has seen the u.s. dollar strengthen. that has put pressure on to a number of currencies in this region. you are talking about the japanese yen weakening. the korean won has had its biggest fall in four months. the korean won holding it 1154. 76 to the dollar. 1.3% today. the malaysian ringgit also coming under pressure. look at the aussie dollar. it has come back up from the big slump we saw in the tuesday session. it is holding just under 75 u.s. cents. equities, apart from the pickup

we've got juliette saly watching this story.ems that the markets finally agreed that saudi is making efforts to reduce its dependence on oil to. stocks in the gulf cooperation council ended their longest losing streak since march. if you look at this index, you can see that stocks were actually up by 0.4% on front -- on sunday. that was ending their longest losing streak. they had been down for six sessions in a row, their longest losing streak since march. we saw a re-add-based stocks leading the charge saudi industries,, saudi the biggest gainers. if we have a look at another share index in saudi arabia, it rose by as much as 1.2% during sunday's trade before losing some of that momentum and closing 2/10 of one thing percent higher. that was actually its second session. 112 stocks closed higher. during the intraday session, you can see there was that big gain, up by as much as 1.2%. you can also see why investors appear to be happy that there has finally been some move coming through from saudi arabia, that they appear to be w

hear from juliette saly. te: speaking with volkswagen, the earnings rose at 3.4% as operating profit climbed to 3.4 4 billion euros. that compared to the average as to met from 11 analysts. it is a first time the carmaker has not set aside billions of euros in provisions since admitting in september 2 rating vehicles to pass emissions test. the company is shifting focus from the scandal towards accelerating turnaround efforts. roseese industrial output 0.3%, better than an estimated 1.5% decline. year on year, it fell 3.5%. household spending fell 0.4% on a year ago. what was forecasted. investors are awaiting an on a likely by abe delay to increasing the country's sales tax. chinese equities are once again in the cross hairs of short-sellers. short interest in one of the largest hong kong exchange surged five has full this month to its highest level in a year according to data compiled by bloomberg. it was this high, such pessimism proved worthwhile. the odds of the chinese stocks winning inclusion into the m

juliette saly with the latest. let's check in on headlines around the world.n is here. canadian officials say for mcmurray has largely survived the devastating wire buyers. -- wildfires. almosttwo and a half -- 2000 buildings have been lost, but schools and hospitals are intact. companies that took production off-line, including, go, are already planning a restart. conoco phillips, are already planning a restart. the navy is having a dispute in the south china seas. china has created an island out of a reef by dumping thousands of gallons of sand and coral, also building an airstrip. they say the voyage was a freedom of navigation operation in what they consider international waters. the investigation into the cyber theft of $80 million of bangladesh has found three hacking groups, two from nationstates. hackers say it is the third identified group that full off the highest. -- the heist. digital fingerprints of those from pakistan and north korea have been found, but it is unclear if the third is a criminal gang from another nation. powered by over 2400 journ

juliette saly is watching this. what should investors be looking at for today.lly is going to be this reaction to chinese economic data. they already have a record low this morning. quick data coming in on europe, they are reacting to positive economic turns out of the u.s. and retail sales and kpi. that did not go through the american stocks. they fell in love with jobs with crude prices. the dow closed 1%, s&p down almost that amount. we have a higher u.s. index up 0.6%, but the asia index was lower. so that is pretty much with the future is pointing to, mixed reaction coming from markets in this part of the world today. new zealand has opened first, down by 0.3%. price,an get the share it will be up 0.4%. ainn terra has maintained four year earnings forecast of 4551 -- $45 a share. ands also confirmed up dividends with june 7. we will be watching a lot of those commodities players coming through today. metals rising on the london metal exchange and global oil prices, even though they fell on friday, were up in the week. we are awaiting data in japan come forw

juliette saly is standing by. we talked a bit about what the fed had to say.hat seems to outweigh any positives on the gdp this morning. juliet: it has been an interesting session on the nikkei, it was actually stronger about an hour ago. of course suzuki motors has had an impact on the nikkei. you can see it is down 10% after announcing that concerning the flaw in the mileage testing method. tom just said the share price is down to a 16 year low, as much as 60%. but the weakness that we have seen from suzuki has had an impact on the overall index, which was tracking higher after japan first quarter gdp was released. much unchanged against the dollar. the dollar is stronger on those fed comments from the presidents. leadersave seen the following the losses on wall street. the shanghai market underperforming. it is down by almost 2% after coming online after lunch. and here in hong kong, you can have a look here. the stoxx on the 50 that are in the hang seng index, quite a lot of widespread selling coming through the lenovo group, a lot underpanies coming press