here's juliette saly. juliette: anna, thank you.jones is quitting uber after less than a year amid multiple controversies engulfing the right human company. after bloomberg published a video last month showing the ceo berating an kluber driver, he said he would seek "leadership help" and was planning to hire a coo. according to a person familiar with the matter, it was viewed as an effective demotion for jones. vodafone's india unit has agreed to merge with idea cellular to create a company that is more than twice as big as at&t by subscribers. vodafone will own 45% of the combined company after selling a 4.9% in the new entity to a billionaire holding company. the other company will take a 26% holding, with the remainder held by the public. company is worth $23.2 billion. ofexpects to deliver a head market volume growth as a post a 16% rise in for your profit. -- in full-year profit. it sees overall volumes growing after a 3.2% volume growth in 2016. net income for 2016 was $1.02 billion while revenue was $4.6 billion. south korea'

here is juliette saly. liette: goldman sachs and morgan stanley are preparing to shift operations as the u.k. readies for brexit. goldman sachs is considering making frankfurt its hub inside the eu and could move as many as 1000 employees. morgan stanley is scouting for office space in frankfurt and dublin for an enlarged eu hub. people with knowledge of the matter said last month. shares have fallen in after-hours trade after posting sales that trailed estimates in the third quarter. revenue rose 5% to eight i -- $8.43 last quarter, $40 million less than what analysts expected. nike's losing market share to under armour and adidas. shares have fallen five more than 10% in the past year while the benchmark s&p 500 has risen 14%. ibm the ceo has highlighted its cloud business, china, and the changing american workforce as key growth opportunities for the country. sees government policies. >> the current administration sees workforce develop men as important so i am pleased about the focus they're putting on t

juliette saly in hong kong. the top five contenders in the french presidential race took to the stage for their first debate last night. from runners marine le pen and emmanuel macron were locked in a three and a half hour debate, providing a taste of the head-to-head fight they may face in the second round of voting in about seven weeks' time. >> [speaking french] >> the best way to send a signal, an hottest signal that says we can't welcome you anymore, is to cut off all the parts of immigration. state medical care, access to social housing, various assistances, subsidies, and so on. >> [speaking french] >> the track you are falling into, this is le pen, with your provocations, is to divide society, to make more than 4 million french people lose rights, and the great majority who live in our public would make them enemies of the republic. for me, it is no. anna: let's bring into the conversation caroline connan, who joins us from paris. good morning. they run pulse during this debates. what do we know about wh

juliette saly is standing by with the geopolitical story. very evident in the asian trading day. juliette: yes, anna. we have had reports of north korea's firing a ballistic missile, and a flight to the yen that has weighed on the nikkei, closing down by .5%. elsewhere there has been a pretty solid buy in asian equity markets, taking it in stride ahead of the expected rate hikes following janet yellen's comments. some solid buying in china as well. having a look at individual stocks, south korean defense stocks in focus, korea aerospace up by 2.5%, some even surging higher on the back of the missile launch from north korea. shopping companies down i on escalating tensions. and cathay pacific in hong kong -- jumping up over 4% in late trade. we are having a look at samsung, particularly this chart. this is essentially target price of of the stock, going back to march last year. you can see not once is it in the red. we a continuing to see 90% of analysts say this stock has a despite themsung fact that everything we are seeing from samsung, the advised chair being arrested last mont

juliette saly. this is bloomberg. guy? guy: thank you, juliette. morning, with what is happening in the fixed-income story. the dollar on the move, slumping to a four-month low. u.s. equity futures and european equity futures extending declines with skepticism of donald trump's ability to implement an economic agenda after last week's failed health care deal. meanwhile, a former atlanta fed president says the failed u.s. health care bill means any fiscal boom will take longer to materialize. ofi think friday's outcome the health care nonvote, the health care situation, suggests that maybe reality is that things will take more time and they will be a little bit more -- it will be more difficult to get to the fiscal impact that surge ofed in the optimism just after the election. guy: for more, let's bring in mark from singapore. mark, let's take a look at what's happening stateside now. the average investor has an interesting view. how will the marginal investor view u.s. equities at the moment? think

here is juliette saly. juliette: in the u.s.t is emerging that president trump met with the russian ambassador .ast april over controversies despite claims by a spokeswoman that he had zero involvement with russian officials and during the campaign. attention to trump's encounter with the russian official service. five members of his campaign team had contact with him before trump took office. meanwhile, president trump has thrown his weight kind of a house republican plan to replace obamacare. even as conservatives mounted their own savage attack on the with one republican senator declaring it "dead on arrival" in the senate. with thed a meeting team to rally behind the bill setting up an unexpectedly close alliance between the president and house speaker paul ryan. we will be speaking to u.s. commerce secretary wilbur ross at 12:30 p.m. u.k. time. china's imports surged last month from a year earlier posting the biggest gain in two years of yuan dominated data. rose 4.2% in february and you on terms. that left the trade defici

let's get to the bloomberg business flash with juliette saly. iette: thank you. -- is weighing an offer for rwa's german renewal. the french company is speaking to advisers and hasn't made a final decision about whether to proceed. it has a market value of about 18.6 billion euros. representatives declined to comment. rwe says it expects this year's profit to rise, with positive contributions from its supply and trading units, and energy. toshiba is considering the sale of a majority stake in its electric nuclear operations. as the company grapples with write-downs, the conglomerate made the announcement, gaining approval to delay the release of third-quarter earnings until april 11. westinghouse, which could be written down by $6 billion, has been at the center of toshiba's most recent problems amid cost overruns on nuclear programs and related litigation. concededthat has defeat on valeant pharmaceuticals after waging an outspoken public defense of the controversial drug maker. he sold his entire steak at a loss and says he will leave the board

manus: we have juliette saly stunning -- standing by. ette: the ceo avenue credit suisse said the bank has made massive progress in its restructuring efforts. hasdded that the firm enough breathing room to consider alternative capital raising options beyond a long-standing plan to lift part of its swiss bank in it. -- unit. >> we have made a lot of technicalthis was a backstop and we were clear about that in february which has really helped us. both in restructuring. we have made some progress we can consider other options. juliette: u.s. president donald trump will sign an executive on doesat combats -- policies about climate change. although his measures stopped short of a decision to withdraw from the landmark paris climate accord. brexit secretary david davis said britain will pay nothing like the sons of money eu officials have floated as needing to be paid when the country leaves the blog. the commission president said the u.k. will be expected to pay around 50 billion pounds. the bill is set to be an early source of disagreement so

juliette saly is standing by. juliette: donald trump has proposed deep budget cuts that would touch a most every federal agency and program. the state department would be hit with a 28% reduction below 2016 levels. the epa would face a 30% reduction. the move will free up extra money for the pentagon and the department of homeland security. meanwhile, president trump has promised to take his new travel ban all the way to the supreme court after the order was blocked by a judge in hawaii. the judge said there was clearly a religious basis to the order which affected people from six muslim majority countries. the president slammed the ruling as terrible and said it makes america look weak. was a order he blocked watered-down version of the first order. that was also blocked by another judge. that should have never been blocked to start with. yesterday in dollar has fallen after unemployment climbed into very. the jobless rate rose to 5.9%, the highest in more than a year. worse than economists predicted. the figure i

the first were to be had, let us good to juliette saly in hong kong. good day. : manus, thank you. donald trump may more than $152.7 million and paid $38.4 million in federal taxes in 2005 according to two pages of his federal income tax return for that year that were revealed by msnbc. the white house confirmed those amounts are the figures suggest trump paid an effective tax rate of roughly 25%. trump has refused to make his tax returns public. president trump's choice for trader presents dave meanwhile has said china is high on the u.s. should worry about. speaking about his confirmation on capitol hill, although china was "a substantial currency manipulator in the past," like pfizer -- lighthizer told the hearing, trump will shake up relations between the two countries. >> between now and the time i leave, you will say, bob, you are right, he really is going to change the paradigm on china. i believe he is going to change the paradigm on china. china is right up there. beijing, -- he has downplayed tensions between his country and the u.s.. after the close of

but first, here is juliette saly with your first word news. liette: south africa's rand has slumped this morning. the drop came after the president was said to have sold -- told senior leaders that he plans the finance minister from his post. that was according to three people who were at the meeting. a spokesman for anc said the people were misinformed. in australia, the worst outflow in six years has smashed. halted coalie has operations and forced thousands to evacuate or seek shelter. wind gusts have been measured at up to 260 kilometers per hour. it is expected to be the most powerful system to hit the country since 2011. u.s. president donald trump will sign an executive order later that begins unraveling rules and directives to combat climate change. move will undo policies deny -- designed by barack obama to keep the carbon cutting his promise -- administration promised. although trump fell short of leaving the climate accord. hasit secretary david davis said britain will pay nothing less than money you officials have floated needs to b

juliette saly has that for us. nfidence -- consumer confidence putting a lift under asian equities. juliette: that is right. we did have that strong reading and consumer confidence and that has boosted asian equity markets. you have seen the nikkei close looking fairly flat. topiding to the topics -- x, it is in the red. elsewhere it has been broadly stronger in terms of sentiment. the asx 200 closing up .8 of 1% to its high level -- the highest level in two years. if we look at some of the stocks we have been watching, this is a nikkei report that the westinghouse unit has filed. to see me is up in the late japanese session. h shares continue to rally and energy players in the back of the rally on oil. to watch ins story australia, one of the best performers on the asx 200 today. it is also worth noting it is 40% below the bloomberg consensus one-year track on that stock at the moment. a good day for that one. let's have a look at the g chart. or come close to rounding out the quarter. the white line is the china v

let's get the bloomberg first word news with juliette saly. juliette: thank you.ent trump proposed big spending cuts in august every domestic department . these savings would be used to boost funding for the pentagon, veteran affairs, homeland security and transportation. john mccain responded to the plan saying "it is clear the budget proposed cannot pass the senate." british officials have complained to the white house after press secretary sean newsr cited a fox commentator's report saying barack obama had enlisted u.k. intelligence to spy on donald trump. statementq said a dismissing the fox pundit's reporting. the white house wouldn't confirm whether the british white house -- or whether it was under consideration. the winters says global trade could be said that -- set decades if president trump imposes border taxes. he says antagonism between the u.s. and major partners are an assault on multilateral agreements, would be a bad outcome of 30 years of globalization. working potential trade regulations for some time. in japan, unofficial says the -- 80 $6 mill

juliette saly, joining us with the update.ord's biggest company expects revenue to fall during the first quarter following global uncertainty on the global economy and political risks. we can♪ speak to the ceo from paris. great to have you on the program. thank you for joining us. looking at your statement this morning, you talk about uncertainty, uncertain global economies, as well as the uncertainty in the political outlook. you seem quite cautious. and yet, we have a global stock rally that is suggesting there is a lot o investor enthusiasm at the moment. why do you see the world differently? >> good morning. yearyear we had a record in terms of revenue at 3.4 billion euros. we have a very strong sales tax with more than 6% organic growth. the second half was affected by the slowdown in the asian pacific. and we continue to see some weakness in china. which is about 20% of our total revenue. offset by some very strong momentum in our new digital networks in london and new york. in london, you have seen all of the digital so

juliette saly is standing by. we checked on the aussie market. i suppose the question for everybody in the market is, will the grand old party event and focus on tax now since i couldn't get health care? that was the plank of their plan, wasn't it? juliette: it was. we saw that shockwave coming through in u.s. markets on friday. the s&p 500 futures tracking lower. we have taken that lead and gone with it in asia. you've got dollar weakness, which means yen strength. the nikkei had a bad day. australia closing down about 0.2%. volatility is definitely back in these markets. the index of volatility in japan at the highest reading we've seen in two months. certainly i guess a little bit of investor unease weighing into the asian markets. looking at some of the stocks, sinopec china coming through. we certainly saw hong kong stocks coming through. it said it forecast net income of 150% year on year. focus, southern also in confirming it is in talks about selling a potential stake to american air. kaiser group is a real estate listed company in hong k

let's get the bloomberg business flash was juliette saly. juliette: anna, thank you.named insurance executive mark tucker to succeed douglas flint as chairman. tucker was ceo of aia and former head of prudential. he will take the post in october. his first major task will be to find a successor to the ceo, stuart gulliver, who has led the bank for more than six years. -- will add more than 2000 jobs in the u.k. they say the positions will be filled over the next two years across the midlands in north of england, as well as scotland and wales. the move is expected to support 2 billion pounds of investment in britain. a trader at brisbane asset management has left after three years at the hedge fund firm, according to a person with knowledge of the matter. he was a partner in the new york office, focusing on fixed income trading with a global macro strategy. brennan howard plunged at the end of last year from a steep $40 billion high. a spokesman declined to comment, and attempts to reach him when successful. that your bloomberg business flash. manus: thank you very muc

let's get the first word news update with juliette saly. juliette: guy, thank you. the dutch election has been upended by a diplomatic standoff with turkey. the president spoke out in rotterdam on saturday night after the turkish affairs minister was denied entry into her consulate and escorted to the border of germany. now a spiral of increasingly hostile rhetoric between the countries threatens to overshadow the final stretch of campaigning and influence voting 48 hours before the first of europe's big elections this year. republican and democratic lawmakers in the u.s. say they still haven't seen evidence to support donald trump's unverified claim his predecessor tapped his phone. senator john mccain called on the president to provide proof of his allegations about barack obama or admit he was wrong. meanwhile, representative alan shift says he didn't see any evidence, and suggested that none existed. anda's stock futures currency forwards jumped after prime minister narendra modi is bigger than expected win expected continuations for his reform agenda. he won 31

here is juliette saly. juliette: thank you. in germany, deutsche bank has said it will raise 8 billion euros in its new shares fell. the country's largest lender at 11ssue new shares euros 65 each. that is a 35% discount to last week's closing price. john cryan reversed strategy this month after saying he did not want to tap shareholders. the move comes as the company seeks to show up its finances and boost growth. chinese home prices rose last despite more cities increased restrictions on property transactions by local authorities. prices, excluding subsidized housing gained into free kick out of the 70 cities by the government, compared with 45 in january. on friday, beijing city raised down payment requirements for second homes by 10 percentage points to between 60% and 80% in prices.empt to cull angela merkel led japanese prime minister -- and japanese prime minister shinzo abe called for a concerted effort. inconclusive talks with donald trump in washington. she and abe said global markets can be open and fair. they were s

juliette saly is looking at korean assets. that did not last long. higher, up .2%, but it is essentially where we were an hour ago on the kospi. you saw this big fall, falling by .4%. this as those lines started to drop as it was unclear whether the impeachment would be upheld. when it was, you saw that big quite arobably a lot of options in the market. now it is up by .2%. longer chartt going back six months, you can see the kospi has done well, and outpacing gains on the nikkei since the initial impeachment on december 9. the cost be has gained 4.6% in dollar terms. this is as speculation that we will see the front runner for the presidency now that there will be an election, try to theseup some of family-run companies could we also know jay y. lee is on trial as well. having a look at the kospi moves today, quite extraordinary. a couple of sessions for the kospi, the currency now strengthening against the dollar. so in that momentum we have seen since the announcement came through from the court justices that the impeachment would be upheld, you h

here is juliette saly. >> a mixed picture coming through. china and hong kong opening up her to hong kong higher by .1%. 300 down by .1%, adding to this next picture across the board. on this strong surge, the asx at a two-year and part ofe .4%, that is due to the commodity picture. we have seen crude oil continue to extend its surge. that is helping those energy players today. we are seeing copper higher by , and auminum up by .4% good gain in steel as well. a switch out of gold, not function, the gmm but an indication we have investors not to worried about risk. we are the stocks watching, lg electronics having its biggest drop since february 27. trading boy them is double the 30 day average. it is still falling, a day after samsung launched its new phone. takeda pharmaceuticals up, it's vaccine has triggered immune responses, and you can see dulu of the worst performers as we saw a downgrade saying the gain is unwarranted. let's look at the off shore renminbi, some movement there. weakenhave the pboc the fixed today, and they did open

juliette saly is standing by. mobil has announced a $20 billion building spree in the heart of the u.s. chemical and refining industry. a program that will create 45,000 jobs. donald trump quickly tweeted his support, calling the oil producer a special company. critics have pointed out the announcement gave a name to a series of investments the company began making as far back as 2013, the for the collapse in oil prices. euphoric human for -- market debut, snap shares have fallen. they closed more than 12% yesterday. that is as analysts began weighing in with their thoughts on the company's true valuation. but the stock is still almost 40% higher than its $17 ipo price. a sale of 4 billion euros of shares. the subscription price for the new shares is a 34% discount to yesterday's close. the french state, which owns about 80% -- 86% of the company will subscribe for about 3 billion euros of stock. adf says it will use the proceeds to balance its sheet -- alan sheikh. -- balance sheet. how much in friedman's said to

here is juliette saly. juliette: thank you. the u.s.ustice department has jeff sessions had conversations with russia's ambassador to the u.s. while he was a prominent surrogate for donald trump's election campaign even though he said during his confirmation hearing that no contacts had occurred. sessions said in a statement he never met with russian officials to discuss the campaign. i have no idea what these allegation -- this allegation is about, he said, it is false. the revelation has mounted top democrats for him to be ousted. president donald trump's new travel order is said to drop [inaudible] who citizens will be barred from entry to the u.s.. according to two white house officials trump has delayed issuing the new directive which was to be signed yesterday until released friday. the order is a revision of a travel ban imposed on january 27 that was blocked by federal court. snapchat's parent company is in a valuation twice as expensive as facebook and four times more costly than twitter. 200 million shares in its ipo at $17 ea

here is juliette saly.overnor in china, the of the pboc has said you on -- yuans rate should be steady this year. in a rare news conference, interest rates differentials will be mainly based on the domestic economy. currency markets are sensitive and this year. jpmorgan's ceo has said president trump economic agenda has ignited u.s. business and consumer confidence. in an exclusive interview with bloomberg, jamie dimon said he is reassured because of the caliber of people the administration has brought on board. upit seems he has woken animal spirits. we're never had such a pro business president since the founding fathers. i'm not sure that is true, but small business confidence, consumer confidence, business confidence all skyrocketed because it is a growth agenda. juliette: global news 24 hours a day, powered by more than 2600 journalists and analysts in more ,han 120 countries will countries, this is bloomberg. guy: thank you, juliette. south. quarters impeached -- south korea impeached the president am

manus: juliette saly is standing by. thank you.xxon mobil may separate the 4.8 billion euros specialty chemicals is an is. rejecting an unsolicited it for the whole company from u.s. rival ppg industries. amsterdam-based asko says the 83 euros per share proposal is undervaluing the company and was not in the interest of it stakeholders. quebec has agreed to buy general atctric's water unit valued three point 2 billion euros. the french company and the canadian funds manager will hold 70% and 30% of the unit respectively. bringing you with an exclusive interview at 9:45. westinghouse electric, the nuclear business of tissue they has reportedly brought in club see lawyers. lawyers.ptcy unidentified people familiar with the matter. a spokesman told bloomberg news toshiba is not aware of any intention by westinghouse to declare chapter 11. rusting ousted not response to a request for comment. deutsche bank's biggest investors are said to be buying -- going to people with knowledge of the matter, the royal family and china's group are l

is the bloomberg first word news with juliette saly. e: south korea's former president has been arrested barely three weeks after she was ousted for alleged corruption. the strict court cited that she could destroy evidence. oul was taken to the se detention center, where her friend is being held. she has denied wrongdoing. glaser laser has released the body of kim jong-nam back to for nineea in return of its citizens being held in pyongyang. the half-brother of kim jong-un was murdered a month ago. -- women are expected suspected of wiping a nerve agent on his face. the incident sparked a diplomatic standoff between the two countries. national security adviser mike flynn is willing to be interviewed as part of the inquiries into alleged contacts between the trump administration and russia, in return for immunity from prosecution. a congressional official confirmed that flynn made the offer. down was asked to stand after it was revealed he had misled vice president pence about contacts with russia's ambassador to the u.s. u.s. governmen

here is juliette saly. >> a mixed picture coming through.ong kong opening up her to hong kong higher by .1%. 300 down by .1%, adding to this next picture across the board. on this strong surge, the asx at a two-year and part ofe .4%, that is due to the commodity picture. we have seen crude oil conti

here is juliette saly.n the tight has reported a decline in profitability as higher discounts squeezed earnings. the world's largest retailer said it's margins narrowed in the 12 months since january, missing its own target. that was lower than analyst estimates. munich sees lower profit this year's. this year, the company said it aims for the net, of 2 billion euros to 2.4 billion euros. the world's biggest reinsurer also plans to buy back another one billion euros in shares before it's 2018 shareholder meeting. we will be speaking to the ceo of munich re at 10:35 u.k. time. a record annual loss caused by charges of the spin off of its coal and gas fire generation business. write-downs talked about 25 billion euros as a power price slump eroded the values of its conventional plan. u.s. officials have said to been to issue indictments related to the hacking attacks against yahoo! according to a person briefed on the matter, the department of justice is accusing for people are participating in massive online

time to check in on the markets with juliette saly. juliette: no snow here. have a look at the pop on the kospi, on a tear since the supreme court upheld the impeachment of park geun-hye. you have seen this big spike in asian bond yields, the treasury route continuing. they are at their highest level of the year, so all of this in an dissipation of the fed. the other big story is china data. we have seen a rigged pop on iron ore. also, a move in the aussie dollar, a strong one in terms of data. quite stronge movement in the aussie dollar when we had that movement or rba could trythe to curb this overheated housing market in sydney and melbourne. then you had that business confidence and conditions number out of australia, which was thes, and you can see aussie dollar started to fall significantly. we then had china data coming through, so the aussie dollar moving in reaction to the china production data. 6.3 percent, better than estimated, but you did have retail sales a miss. having a look at the overall movement as the the yenll and strengthened. some suppo

let's get details from juliette saly. juliette: thank you.eing the great gains coming into asian markets, particularly in the emerging markets, the rate get jumped the most since january. look at -- the ringgit jumped the most since january. a big pickup up any merging assets, janet yellen saying the fed will be accommodating this for some time. that has boosted optimism. elsewhere, dollar very much big, so currencies are under pressure led by the new zealand dollar up 07% -- 0.7%. a disappointing job start out of australia today, assets plummeting quite surprisingly to 5.9%, the aussie at 76.81. we will look at some movement coming through in the commodities space, aluminum and copper. let me show you the stocks we are watching in the asian region. there has been quite a lot of movement with the corporate news. selling investor relations today, this company expects 2021 sales to rise ask percent. santos in australia very strong after receiving an upgraded , threesqueeze to neutral dollars .80 -- $3.80. in hong kong, we are seeing a bit weake

here is juliette saly. : not very good to round out the final trading day of the week, but we have the rally across equity markets and it is a wait and see game. we are seeing the yen of course snapping that recent session of losses against the dollar. that is weighing on it for companies in japan through the nikkei off by .8% in late trade this bite the fact we thought core cpi coming in better than expected. you have seen iron ore, gold, which have weighed heavily on the australian market. weakness coming through from these property stocks in hong kong that have been on quite of a tear. ahead of the ncc in beijing, you are seeing the shanghai composite off by .6% today, so extending those losses and of course some property stocks coming in to pressure. as you mentioned, we are seeing travel related talks hit very hard. excuse me, in south korea, so it is off by 1.2 percent in late trade. having a look at the yen, it is the dollar.ainst one hundred 14.11. london at the top of the hour, this is bloomberg. 4.

let's get to the bloomberg first word news with juliette saly. juliette: thank you.s., it it has emerged that president donald trump met last april with the russian ambassador at the center of a para controversies over engagement between trump allies and the kremlin. that is despite claims that he had "zero involvement" with their -- russian officials. and revelations last week that at least five members of his beforen team had compact -- contact before trump took office. he threw his weight behind a house republican plan to replace obamacare. conservativess mounted their savage attack on the bill with one republican declaring it did on arrival in the senate. trump held a meeting yesterday with the house republican vote counting team to rally them behind the bill setting often unexpectedly close alliance between the president and house speaker paul ryan. we will be speaking to wilbur ross at 12:30 p.m. u.k. time. --na's import scourge posting the biggest gain in two years. imports jumped while exports rose 4.2% in january. that left the trade deficit of eight when it

let's get the details from juliette saly. of atte: it is a bit steadying across asian markets.e a strong pickup on the is the chinese stocks in hong kong getting the run of the day. of .4%, property players and focus. shanghai itself is flat. australia having a good session come up by .3%. wasmain focus for australia that interest rate decision, rates on hold at 1.5% as was this sellbut look at down in the aussie dollar when the rate decision was announced. an asian-basedm fx trader that some spot desks were left with longs immediately before the decision, so a sell down, but the aussie has rebounded. we have also been watching china coal stocks. download pressure coming through these companies to the tune of 1.5% to 2%, so a mixed session for the asian equity picture, but the fed still and focus. yousef: thanks. let's get you some breaking lines hitting the bloomberg. ame new information around dividend. they are proposing a dividend for 2016 and approving employee-based incentive plans, and appointing low-paying to the board. this is an interesting stock with a consensus buy.

let's get the details from juliette saly who is following all of the markets.er or not you believe we are seeing a rally coming off of the back of the trump trade or whether it is because investors are proud of the fact the u.s. can withstand a rate hike this month on the back of their comments. we are seeing some strong buying. japan looking pretty good, up 0.9%. we have seen some strong movement from there. looking at taiwan, it is the only market that is lower. ramy mentioning that it will be labeled a currency manipulator. you also see downside coming through the tech stocks. and looking solid across the asia pacific region, the hang seng floating with the 24,000 level, struggling to say above that -- stay above that, but it did reach, hsbc leading the gains. they also came through in energy. won. out the korean it is a little stronger, put it did have a skewed against the u.s. dollar, and the aussie under pressure following comments from the governor, saying there are warnings that it could be the aussie dollar is overboard at the moment. 76.49, sherry. sh

here is juliette saly. juliette: blackstone says it is shutting its $3 billion --.t has been given the option to shift money into other distressed credit false. the decision reflects the desire of the hedge fund to shield themselves from quarterly redemption which can be difficult to bear when investing in volatile markets. tissue by have gained in tokyo trading. that as its memory chip business is attracting morbid there's including japanese back to equities. development bank of japan is considering a joint offer with u.s. financial bidders. representatives for a toshiba declined to comment. hsbc chief executive stuart gulliver is being investigated by u.k. tax officials over his residency status. he lost a bid to end an inquiry that started in 2015 centering on where he was living in the previous tax year. the ruling says the government is not making any allegations as to the impropriety. he has spent a significant amount of time living in asia. french authorities have joined the u.k. in a corruption probe of airbus. the investigation is focused on allegations of

here is juliette saly. juliette: thank you. the u.k. is set to trigger its exit from the eu.fy will limit the scope upcoming talks. according to three people they will negotiate terms and not a future trade relationship. that would be a blow to the u.k. which wants to discuss the breakup and future time in tandem. beft guidelines will published by the end of this week. scottish lawmakers have been backed plans to have a second independence revolution -- referendum. requesting the legal means from the u.k. 30's to hold the of 2019.pring the decision sets of what promises to be a lengthy and acrimonious showdown within the u.k. in the midst of brexit negotiations. fillon'sois wife president trump has issued an executive order rolling back his head assessors carbon cutting comments -- commitments. he is unraveling rules and directives to combat climate change that president obama made a second issue of his second -- of his second term. he wants to reorient policy and help u.s. oil and coal producers. >> we have a limited a devastating anti-coal regulation but that was just the b

here's juliette saly. >> a little mixed.d japan come back online after the public holiday and we are seeing downsides to the tune of .3%. we are also seeing the yen, normally at a divergence, under pressure as well. we have seen the little bit of a comeback in the dollar after the spot index cut four sessions of losses. weakness is coming through from commodity-based currencies, weaker,won also although it has been tracking five-month highs. in terms of equities and south korea, the absolute standout today is up by over 1%. the indexes tracking at levels we haven't seen since may 2011. -- since mid-2011. the new zealand stock market fell quite heavily yesterday and chinese stocks are looking good particularly, those listed in hong kong. that is holding at highs we haven't seen since 2015. weakness in some of the commodities, iron ore coming off its recent run. is having a second consecutive session of losses, but overall we are seeing mixed movement. some of those material players are fairly flat. we're going to be live from

let's get a bloomberg business flash with the juliette saly. juliette: thank you.don's worst terror attack has left five people dead including the attacker and police officer he stabbed. at least 40 people are injured. they are working on the assumption that it was "islamic-related terrorist" action. the values our parliament represents, democracy, freedom, human rights, the rule of law commands the admiration and respect of free people everywhere. that is why it is a target for those who reject those values. today, me make it clear as i have had cause to do before, any attempt to defeat those values through violence and terror is doomed to failure. ♪ said the toshiba has board of its nuclear unit westinghouse would decide whether to file for bankruptcy. toshiba grapples with the cost of construction delays at westinghouse projects. conglomerate has estimated a write-down of $6.2 billion. google's advertising crisis has gone global after some of the biggest marketers hold spending company's and the display network. at&t and johnson & johnson are pulling ads amid co

juliette saly looking at the markets.ike to bring to your attention is our interactive tv function. you can find that at tv on your bloomberg. you are not only be able to previous but interviews and dive into securities are functions, charts, have a look at what those functions are and read the commentary behind them and become part of the conversation by sending us instant messages during our show. this is for bloomberg subscribers only. check it out at tv . still ahead, a big win for the indian prime minister and the country's most populous state. let's try that again, getting rid of big currency. all of that later. ofore that, the threat american protectionism under trump and implications here in the region. that is next. this is bloomberg. ♪ david: welcome back. this is "bloomberg markets: asia" i am david ingles. akata has been sued by nissan, ford, and bmw, withholding information on default the inflator's. they allege they knew about those devices. ta has pled guilty as part of a $1 billion settlement with

juliette saly is poised for her friday morning.ed its 2016 bonus pool and lower ceos pay in a year where profits plunged. incomek reinstated net to settle illegal case. to $3.9 billion. he remains the highest-paid executive at uf -- ubs with 13 and a half million dollar compensation. toshiba's westinghouse electric set to hire partners to restructure the business. that according to people with knowledge of the matter. this comes as westinghouse appears to be assembling a team of lawyers and advisers and toshiba reels from a $6.3 billion write-down of the nuclear power operation. in representative at pgt declined to comment. singapore property developed have -- stocks have soared. athorities will adjust framework that limits the amount home buyers can borrow. property forwn the less long. let's have a look at how markets in the region fared. the nikkei up 1.5% today as the yen weakened past 115 to the dollar. hong kong stocks will bid and the court in south korea upheld the impeachment of the president. having a look at south korean

here's juliette saly. >> deborah, we have japan on holiday today. seeing weakness in the new zealand session, it closed down 1.4%. singapore underwater. there has been a pickup coming through on the hang seng, with coal stocks very much lifted by that big gain through in chinois. australia closing lower. you're seeing a lot of buying coming through into the emerging-market assets, the malaysian ringgit up, won also rising against the dollar. bonds back in favor, yields on the singapore and new zealand following after we saw quite some significant gains. on friday copper is coming off, halting its six-day rally. then if you look at the regional index, it's pretty flat at the moment. health care stocks are bid, healt, rebound coming through. you are seeing weakness coming that,h from the back of with copper leading industrial metals. certainly a mixed picture to start the new trading week. we will be live from london the top of the hour for "bloomberg daybreak: europe." this is bloomberg. ♪ caroline: welcome back to the "best of bloomberg technology."

let's get the first word news update with juliette saly. liette: dutch prime minister mark rutte are has beaten a challenge by the anti-islam freedom party. forecast to take 33 of the 150 seats in the lower house of parliament against 20 seats for the freedom party. the result draws a line in the sand on the spread of populism in europe. a coalition could take months. donald trump has proposed historically deep budget cuts that would dutch almost every federal agency and program. under the 2018 budget request, it would be a reduction below 2016 levels. the epa would face a 30% reduction. it would free up extra money for the department of homeland security. president trump has promised to take his new travel ban all the way to the supreme court after the order was blocked by a judge in hawaii. the judge said there was clearly a religious basis to the order, which affected people from six muslim-majority countries. a president slammed the ruling is terrible and said it makes america look weak. global news 24 hours a day, powered by more than 2

here is juliette saly.tries is said to be preparing a renewed takeover bid, according to people familiar with the bed. xo's unsolicited takeover bid earlier this month said the offer undervalued the company. pbg said it would carefully evaluate its position. spokesman for akzo and pbg declined to comment. softbank is said to have invested in color working giant "we work." the investment from softbank is the first in what will probably be a larger stake. with the new money, wework's valuation increases to $18 billion. wework and softbank declined to comment. david rockefeller, the u.s. , philanthropists, presidential adviser, and air to one of history's most fabled oftunes has died at the age 101. he was the youngest and last surviving grandson of america's first billionaire. he was the only of john d rockefeller's junior's five sons he spent his entire career in the corporate world, rising to ceo of chase manhattan bank during 35 years of the company. it is your bloomberg business flash. much.thanks very we

juliette saly. guy, thank you. china's central bank has injected funds via open market operations for a third day. the pboc pumped in a net $5.8 billion, taking that injection so far this week to around $16 billion after the benchmark money rate climbed to the highest level since april 2013 and some smaller lenders failed to make that payments in the interim -- debt payments in the interbank markets. -- beating expectations as they grow by 11.2% from a year earlier. the increase was the biggest in two years, reflecting the timing of the lunar new year holidays in asia. imports increased by 1.2% which left a trade surplus of $7.29 billion. that is as strengthening global demand helps the nation's moderate economic recovery. has joined the u.s. in banning laptops and other electronic devices in airplane cabins on flights from several middle eastern countries amid concerns over security. inbound direct flights from turkey, lebanon, jordan, egypt, tunisia, and saudi arabia will be affected by the ban on laptops and tab

juliette saly and hong kong. retailer,s on a u.k. forecast jump in inflation means a real pay was flat in february for the first time since 2014. we will get an update on overall u.k. retail sales later this morning. next reported a 2.9% drop in sales with total group sales broadly flat. what do you make of the next numbers as the uk's second-biggest clothing eat i'm epslife b but lower sales? >> it is warning of a tougher year and saying there are various things going on in the market that will make life difficult. we are spending less on clothing and spending and other areas. rising inflation, earnings prices from higher sterling, all making for a difficult year, but particularly clothing. clothingtalk about retailers, and actually there are other competitors out there. -- would have to matt: we have seen food inflation is the big story. i am based in berlin. we hear about food inflation more than anything else. of inflationype would keep you from buying clothing. >> food inflation has been muted in the u.k. of dining outrea and ea

here is juliette saly.on mobil has announced a $20 billion building spree in the heart of the u.s. chemical and refining industry. a program that would create 45,000 job. donald trump quickly tweeted support, calling exxon a special company. critics have pointed out the announcement gave a name to a series of investments the company began as far back as 2013 before the collapse in oil prices. after its euphoric market debut, snap into shares have fallen for the first time in three sessions. more than 12% lower yesterday, below the $24 opening price on the first day of public trading. that as analysts began weighing in on the company's true valuation. the stock is still 40% higher than its $17 ipo price. the ceo of volkswagen has told bloomberg his reaction to psa groups takeover of opec -- opel. past, we had competition from opel and have been dealing with it. we have always respected them as competitors and will respect the new combination. to is not going to stop us look at ourselves and implement our fri

here is juliette saly. guagete: china's factory prices surged last month in fastest pace since 2008. the rate rose 7.8%, coming in higher than estimates. ison mobil might separate 4.8 billion euro specialty chemicals business after rejecting an unsolicited bid for the company from u.s. rival ppg industries. azko said the proposal substantially undervalued the company and was not in the interest of the stakeholders. oil has halted losses after the biggest drop in more than one year yesterday. that came as record u.s. crude stockpiles raised doubts about the effectiveness of opec led experts. wti threatened to slip below $50 for the first time since december into stockpiles rose to the highest level in weekly government data since 1982. royal dutch shell will sell all of its undeveloped oil interests in canada. the company also plans to reduce the share in the project to 10% from 60%, knitting the anglo dutch but is there $7.25 billion. -- the anglo dutch producer $7.25 billion. deutsche bank's investors are

let's get to the bloomberg first word update with juliette saly. reporter: thank you. former director of u.s. national intelligence james clapper has denied donald trump's claim that the obama administration ordered wiretapping on trump tower during the election campaign. explosivet contradict allegations by the president via twitter. a person familiar with the situation told bloomberg that donald trump relied on reports and conservative media, including breitbart news. japan has moved to the highest possible alert level after north korea fired four ballistic missiles simultaneously into nearby waters. tokyo said three of the missiles fell into japan's exclusive economic zone, with one dropping 350 kilometers west of the nation's prefecture. shinzo abe says he will launch a firm protest with north korea, and south korea's acting president called this a serious provocation. u.s. president trump's protectionist stance my propel asian, middle eastern, and latin american nations into alliances. this is according to the european commission's vice president, who told bloombe

let's get the details from juliette saly.tite and volatility on holidays as well. losses coming through in new zealand, that price down by 1.5%. off by 1.3%. the lotte groups in the red. weakness in australia led i this downturn in copper. copper halting its six-day rally. it is leading industrial metals lower, and we have seen this rally that what at its highest level start to come off, down 1.6%. some of the copper stocks hit hard, there are quite a few underwater in the australian session. seen inkness you have material players weighing on the overall index today. we do have bonds back in favor come the weakness coming through in the australian 10 year and also the new zealand 10 year yields, but a mixed day for the start of the week. david: thank you. still ahead, beginner us against warren buffett challenges tim cook. we were look at how one billionaire took a big bite out of apple's iphone share and the country. shery: is there danger in chinese bonds? we will get rebel banks of view on that. -- bravo banks this is bloo