first word news with juliette saly. juliette: china's president has warned of severe challenges .hile laying out a roadmap xi jinping's comments came as he kicked off a twice a decade hisering expected to cement influence. in a speech that ran more than three hours, he declared victory over many difficult overdue problems since he took power in 2012. withindevelopment is due a great situation. our prospects are bright, but our challenges are tough. juliette: donald trump has claimed that his tax reforms would be worth $4000 per year to the average american household. he asked for help in getting legislation passed by years end so he could "give the country the best christmas present." donald trump said he plans to choose from among five finalists to be the next federal reserve chairman, and will make his decision soon. according to a person familiar with the process, his selection will be unveiled before he leaves for asia and hawaii on november 3. u.s. senators in both political parties to say they reached agreement on

manus: juliette saly is standing by.king on a's deal that would bring manufacturing out of the iconic mini rant to china. the company is discussing outsourcing production of the vehicle. and the possible export of mini brand cars to china. the company will issue a formal statement later. representatives did not immediately respond to an email seeking comment. morgan stanley said to be ready to charge two point -- $2500 an hour for private analysis next year. evil knowledge of the plan said it would be on top of the annual , and the charge is on most twice the rate of top commercial rates. japan's i calling -- iconic bullet train, according to the railway, aluminum component failed japanese industry standards, although they did not hold any safety risk. [indiscernible] that's your bloomberg business flash. the brexit negotiations come to a close today. just 18 months to go until the u.k. leaves the e.u. and the focus has turned to contingency planning. jim mccaughan is the ceo of principal global investors and he still wi

juliette saly has your business flash. : catalonia's biggest banks are getting closer to living the politically volatile region as customers signal and declaration of independence would prompt them to pull their deposits. will moveas said it its headquarters. xa bank will transfer its headquarters as well. no one at the bank was able to comment on the meeting. a company is -- according to people with knowledge of the matter, the company has been speaking with potential buyers for the smelter in northern france. -- it a normal production -regulators in europe and asia has. according to people with knowledge of the probe, the banks regulators asked the employees questions early last year about the timing of the transactions. spokesman for standard charter declined to comment. in casino operators have slumped in hong kong trade, as visitor arrivals from mainland china has disappointed. that is your bloomberg business flash. let's talk about what is going on in china. we had some movement in the rrr, the number of dollars put a

juliette saly is standing by. : china's president has unveiled a new leadership lineup -- that includes heirs. break with a secession system and raises the chances he might seek to stay in office beyond 2022. >> we will build on a good momentum to can -- continue modernizing china's system and will make efforts to deepen reform and open china still wider to the world. has askeddonald trump republicans for a show of nominees for the federal reserve. the president took the straw poll during a luncheon yesterday. texas senator john cornyn declined to say whose names were ticked off. about john taylor and jerome powell. jeff flake has become the second republican senator to publicly attack donald on the day the party wanted to put a proposed tax overhaul at the forefront. flake announced he will not seek reelection and gave a blistering president from the senate floor. the remarks followed a series of television interviews in which center bob corker also denounced trump. global news 24 hours a day, powered by more than

we have juliette saly standing by. ette: just president donald trump's pine to end key federal -- is planning to end key federal subsidies under obamacare. coveredents helped adaptable and other out-of-pocket costs when low income people used their affordable care of insurance plans. it is the administration's most traffic destined drastic move yet to undermine the law after the congress failed to repeal. meanwhile, donald trump is expected to review that the multinational accord to curb iran's nuclear program sufficiently serves u.s. interests. according to officials, he will stop short of abandoning it. we will bring you that live. european central make officials are considering cutting their monthly bond buying by at least half starting in january. active for a be kept at least nine months. they said reducing quantitative easing to 30 billion euros a month is a feasible option. members have yet to officially discuss options. the atlanta fed says he is not sure if the fomc will raise rates in december. he pointed to s

with juliette saly. fromtte: the death toll the las vegas shooting has raised to 59 while 500 others were injured for stop police found 23 firearms in the shooters hotel room. president trump will visit the city tomorrow. the white house has ruled out talks with north korea. -- now is the night not the time to talk. rex tillerson said the u.s. was talking directly to north korea through back channels. to turn theved screws on catalonia as the eu refuses to recognize the region. the country would use everything at its disposal including suspension of catalonia's autonomy. countries biggest crisis since the end of franco's dictatorship. the australian dollar dipped after the central bank left interest rates on hold. it is the 14th month in a row and is at a record low of 1.5%. boris johnson is behind every syllable of theresa may's brexit plan. criticismnslaught of at the annual conference the leadership contenders said he supported the contents of the prime minister's speech in florence. we all agree it's

. -- let us findt out more and go to juliette saly. liette: things looking a little better than they were on the open in terms of what we were seeing in south korea and japan. south korea has been having a great session. samsung reaching a record high. that is lifting the south korean kospi index by one point 7%. malaysia and singapore coming online. taiwan is closed for a holiday. taipei is a. elsewhere, we are seeing other markets starting to turn around a little bit. the nikkei up by 0.4%. you are seeing most of the currencies are strong against the u.s. dollar. a little bit of weakness coming through on the commodity players. we have heard from kuroda saying that we are seeing a little bit of momentum coming through in the japanese economy. monetary base to expand 2%. the financial system in japan is fairly stable. you are seeing some pretty good moves coming through in export stocks. and a quick look at kobe steel. no movement yet. that is one we will be watching. our focusbe steel and there. thank you, juliette saly from singapore

juliette saly standing by.ank of left its massive monetary stimulus program unchanged human if a trimmed its inflation forecast. as expected, governor kuroda and the board voted to maintain the program and asset purchases. the vote was 8-1 with a new board member dissenting. the indictment of donald trump's former campaign chairman, paul manafort, and his longtime deputy has captured the headlines. a second action by special counsel robert mueller may reveal more about the direction of his investigation. mueller signals he is aggressively pursuing leads that trump or his associates may have colluded in russian meddling. catalonia's independence movement has been left leaderless as spain seized control of the leader's government. the ousted president has led to belgium without warning his party's's she remembers or giving them any instruction on the way ahead. ragedoots supporters in by betrayal of their cause. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 100 20 co

first word news update with juliette saly. juliette: spanish prime minister joy will convene his cabinet. to minority government international condemnation and inflamed the separatist cause. they risk economic isolation if they push forward with independents. president trump has offered cryptic remarks well posing for photos with military leaders, saying gathering might is the calm before the storm. do you know what this represents? it is the calm before the storm. >> what is the storm? factoriesgerman rebounded in a sign that europe's largest economy will sustain its robust growth. inflation rose 3.6% after a revised decline of 4.1% in july. it is the biggest increase since december. which hastorm nate shuttered gas platforms in the gulf of mexico continue to head north. it latest forecast path has scraping the s of mexico's yucatan and it's a lot. fromy come ashore anywhere louisiana to florida's panhandle. theresa may is facing growing demands to quit as prime minister after a colleague announced he is running a campaign to

juliette saly has the headlines out of sydney.resident trump has completed his interviews for the fed job and his closest advisers are steering him towards two candidates. vice president mike pence and steven mnuchin wanted to be jerome powell or john taylor, with the betting on jerome powell. an announcement is unlikely this week. say the u.k. has offered more on brexit than before, but must do better if advance.ons are to while theresa may sent significant signals, she has not changed her stance. the german chancellor added that it is motivated to trade by december and sees zero indication the brexit talks won't succeed. hasspanish prime minister won the backing of other eu leaders as he prepares to take direct control of catalonia. the separatist leaders meet on monday to plan their next move. they are asking for supporters to pull money out of banks in protests. its youngestas leader in 150 years after labor won the backing of the countriy. beenjust 37 and has compared with other youthful figures such as emmanuel macron and ju

juliette saly has your bloomberg business flash. ette: deutsche bank has reported a bigger than expected drop in third-quarter trading revenue as europe's largest s -- keeps bank keep losing ground to rivals. will hear from the cfo at 9:45 a.m. u.k. time. third-quarter profits have fallen. and income fell to 1.6 billion euros in the three months through september. that compares to 1.8 4 billion euro average to -- with five estimates compiled by bloomberg. antera joint is at 8:30 a.m. u.k. time. the swedish banks that it will take a charge of up to 115 million euros in the fourth quarter. 2000 full-time employees. tolagers said he is talking regulars in saudi arabia about a banking license. they have a license from the capital markets authority and they are seeking to become more active in the oil-rich nation. only a handful of international banks such as jpmorgan, deutsche bank and bnp paragraph have -- haveraph -- pariba licenses to open. manus: done it -- donald trump is thinking of giving janet yellen another term. of changing lea

juliette saly joining us live from singapore. nsions seem to be easing, seems we are sitting quite pretty. juliette: absolutely. i love this quote from garfield -- little-- reynolds more than window dressing. we are seeing the asian markets off to a strong start. the asx 200 up 0.6%. it is gained more than 1% since friday. we see a lot of support from telcos. the nzx 50 at a fresh record high yesterday, above the 8000 point level. session, i.t. stocks leading the gains. every sector is moving higher. materials jumped .25%. look at the stoxx and the australian session. part of the reason why you have seen it new zealand stocks at record highs is this. 42%.rice target raised stoked adulto, nutritional development. evolution mining under some pressure. they have said while the outlook for battery metal prices is concerning, they have cut their outlook for galaxy. a bearish short-term lithium outlook. westpac had the consumer confidence number coming through. that was higher than it was in the prior month. betty: what are we expecting

ona: let's get an update bloomberg first news with juliette saly. north korea has warned that a nuclear war may break out at any moment. the comments come as the u.s. and south korea begin one of the largest drills. korea claims it has become a full-fledged a nuclear power, and the entire u.s. mainland is within range. u.s. president donald trump has signaled about the situation in northern iraq. ,he headquarters incur cook trump said the u.s. is not taking sides in the fight. oil-richput in the could cook has tumbled -- oil-rich kirkuk has tumbled. the director of the iaea said the conflict between the kurdish havenment and iraq won't an impact on markets in the meantime. say whattoo early to will be the result. and what the implications are on the markets. seethe time being, we don't a major impact on the oil markets. fed chair john taylor is said to have made a favorable impression on president trump. that is according to several people familiar with the matter. trump is expected to meet with janet yellen on thursday to discuss the probability of

let's get an update on the first word news with juliette saly. juliette: u.s.resident donald trump has suggested the government debt accumulated would need to white -- need to be wiped clean. his comments came after a visit to the island where people have been without power and in many ites drinking water since struck. cost will be as high as $60 billion. ceo sayso--blackrock the tax plan will expand deficits. it will be harmful to eliminate the state and local tax deduction in the plan is class -- unlucky to pass. >> i think it is going to have to be amended. believer in the reduction or the elimination of -- the fact is, i think that that is quite harmful to some of the major states today. juliette: the british government is growing concerned that it could crash out of the european union without a trade deal. refusal is stoking .ears that time will run out brexit secretary david davis says he is aiming for good deal but warned the country must be prepared if negotiations fail. meanwhile, the northern irish northernt keeps the u.k. government in power -- democ

here is juliette saly. juliette: thanks. the bank of japan has left its massive monetary stimulus program unchanged even as a trimmed its inflation forecast, signaling further divergence. haruhiko kuroda and the board voted to maintain the yield curve control program and asset purchases. the vote was 8-1. catalonia's independence movement has been left leaderless as spain seized control. have fled president to belgium without warning his party's senior members or giving any instructions on the way ahead. that has left separatists struggling over the next move with grassroot supporters enraged. in the u.k., pressure is mounting on prime mr. theresa may after defense secretary admitted to inappropriately touching a journalist. it brings the sex scandal swirling around westminster to be part of the government. michael fallon said he apologized at the time for repeatedly touching the knee of julia brewer at a dinner 15 years ago, and they had put the incident behind them. brewer said she threatened to "punch him

let's get the bloomberg business flash with juliette saly. : donald trump has used twitter to tell his secretary state that he is "wasting his time" in seeking negotiations with north korea. the comments came a day after tillerson acknowledged the is communicating directly with a rogue nation. the move highlights the difference within the u.s. administration on the best way to get kim jong un to halt. may prime minister theresa the conservative party -- johnson has challenged her strategy on leaving the european union in the past two weeks in critical moments. yesterday, a weekend may could only laugh. >> what i have is a cabinet united the mission of the government, andrew. that is what you will see this week. united in the mission to build a country that works for everyone and agreed on the approach that we take in florence. britain is likely to post-brexitrst trade deal. speaking in an event on the sidelines of the conservative party conference, he said that britain is working to post-brext trade adopt 43 trade agreements that it is current

for that, we go to juliette saly in singapore. the morning.tte: good afternoon from singapore. ofs has a great to buy parts bayers cropped unit. announced today is expected to close in the first quarter of next year. scandalel's fake data has extended to its core business as the company admitted inappropriate actions related to steel produced overseas. the steelmaker make it broken up. samsung has posted a record profit on booming demand for displays and memory chips and announced one of its top executives is to step down. the company reported operating , toppingmost tripled estimates. who served as co-ceo leaves the company as it moves past its corruption scandal. price on aput roy leave of absence after a producer told the hollywood reporter he sexually harassed her. thatr told the publication price made inappropriate it manus -- advances to her at an event. price could be reached for comment. it comes a day after the ousting of harvey weinstein. that is your bloomberg business flash. ares: austrian nationalist poised to enter government for

i'm juliette saly, this is bloomberg.aping up on the final trading day of the week with so much going on around the elections in japan. sophie kamaruddin is here with the latest. : the situation is mixed in asia. korean assets are recovering from yesterday's slide, the cost be is in a fifth weekly gain. the one is leading the rise among asian currencies, up .3% while the kiwi is the only g10 currencies sliding against the dollar, although the dollar-yen is now trading at .65 right there. dollarlook at the aussie sliding somewhat here. losses, reversing looking pretty flat. 1.7%,e utilities gaining offsetting the dreck we are seeing in energy and health care stocks, crude holding onto losses amid what is going on with the concurrence of and a slew of changes for stocks under. santos cuts control at j.p. morgan. taking a look at what is happening at the nikkei 225 kobe steel% hoping oneing 13% while nissan is of the worst performers of the day and other automakers also sliding. when it comes to what is happening with japane

go look at the market check now with juliette saly. te: hsbc shares holding onto the gains, up 5.5% in hong kong. you can see the weakness coming through in china. the csi 300 of stocks falling significantly, down by .6%. the small-cap stocks that china is being hurt by what we are seeing in the bond market in china. you can see yield on the five-year up by almost 13 basis points. these concerns about deleveraging coming back to the forefront after we saw the 19th party congress wrap up. a lot of speculation that perhaps the market had been .ropped up by beijing certainly not occurring to kickstart the trading week. weakness in china. elsewhere, a little bit of positivity coming through from some of those other markets, and particularly in taiwan. the apple supplies rally, a look at the movers in terms of index points. it is a lot of apple suppliers. thee saying demand for iphone x, which comes to this week, is off the chart. you are seeing positivity coming through from players in korea. the kospi holding your the record high as well,

its get a first word update with juliette saly. liette: in the u.s., the death toll from the las vegas shooting has risen from 50 more -- 59, while more than 500 are injured. more than 20 -- 23 firearms were found in the suspect's room at the mandalay bay report. president trump will make his way to las vegas in the wake of the shooting. the white house has ruled out talks with north korea over it nuclear arsenal. is white house said the u.s. interested solely in discussions about releasing u.s. prisoners in pyongyang. that after rex tillerson said the u.s. was talking to north korea directly through our own channels. spain has moved on catalonia as the eu refuses to recognize is the red -- rebel region's bid for independence. it was said the country would use all the tools at its disposal to enforce the rule a lot. it sent the country into its biggest crisis since the end of the dictatorship and threatened to unravel a 40 year democratic settlement. the us trillion dollar dipped after the country's central-bank left interest rates

here is the bloomberg is this flash with juliette saly. ette: tesco is to pay its first dividend in three years after reporting first-half profit that surpassed analyst estimates. 27% to 759rofit rose million pounds. the performance will raise investor confidence said ceo david lewis. u.s. lawmakers are honing in on google's services including youtube and gmail them a part of a wide-ranging investigation into how russian linked operatives harnessed social media. called google to testify on november 1 along with executives of facebook and twitter. some russian linked ads published on facebook targeted michigan and wisconsin. yahoo! has revealed that all its user accounts were affected by its august 2013 hat, 3 billion of them. the company is part of horizon subsidiary but says it obtained new intelligence about extensive customer information. ordid not include passwords bank account details. forward with the major deal with softbank. it will demo -- limit [inaudible] approved sweeping changes. the plan would expand the size of the board to 1

business flash, juliette saly standing by. e: manus, goldman sachs has agreed to leave offices any new building and preferred. the head of -- u.k.'s departure from the european union. a tower is being built in the city's financial district. it is renting about 10,000 square meters of offices, about enough for 1000 workers trad. u.k.'s miller entertainment approached seaworld entertainment about a potential deal. they made a bid for part of the company, which could be a hurdle to the deal, is seaworld prefers an outright sale. they've also received interest from other possible suitors. preventatives from both companies declined to comment -- representatives from both companies declined to comment. anna: prime ministers theresa may's speech yesterday went wrong in ways that no one could have imagined. big moment -- the british people get this when they lose their job. the prime minister's woes were recounted by cost -- by person that left her struggling to continue. >> 30 lawmakers, i'm prepared to sign a letter calling for there

here's juliette saly. donald trump has claimed his tax reform should be worth for thousand dollars year to the average household. thehe claims he could give public the best christmas gift of all. >> our tax rate is 60% higher than our average economic competitor. this is a giant self inflation -- self-inflicted economic want. -- wound. juliette: u.s. president has said he plans to choose among five finalists to be the next fed chair and will make his decision soon. will be unveiled before he leaves for an 11 day trip to asia and away on november 3. the latest nafta talks have wandered up with canada and mexico rejecting what they see as hard-line u.s. proposals. discussions will run through the end of march next year abandoning a december target. negotiators exchanged their strongest part -- public barbs yet as speculation grows that the trump administration will walk away from the deal. in both political parties say they have reached agreement on fixes to stabilize beforere two weeks americans start signi

we go to juliette saly. te: angie, we had that record high in wall street pit we are seeing markets open here in the asia-pacific region doing pretty well led by the hang seng index. it presumes trade following the public holiday yesterday. we still have the markets in seoul closed for the rest of the week. india coming back online, also looking pretty good. japan's nikkei index getting a boost by that weaker yen, up by .9%. it is tracking toward a two-year high. most markets looking pretty good. down .5% p the afx speaking of australia, we know -- the rba is leading. really shows you one of the worries that the rba is tracking and that is record household debt. household debt to gdp currently tracking around 190% in australia, one of the reasons why governor low decided to keep rates on hold today p they said rates will remain low for some time yet and that growth and inflation could be more subdued if we continue to see these strengths coming through. the aussie dollar did dip today. having a look at some o

here is juliette saly with the latest.he hang seng index holding on to 10 year highs, jumping higher by .4% on the open. volumes lower than normal. was an interesting session in china yesterday with that strong start out of the blocks, then a selloff on reports that hedge funds were selling out of ranking stocks. we saw chinese markets rally flatthe close, now looking on the mainland indices on the open. the shanghai composite down one point, csi 300 down, but a volatile session. the broader picture, taiwan leading gains, up by 1%, back online after that holiday yesterday. from all strays market, a solid read on consumer confidence today, and quite a bit of upside in commodities players. gold holding onto two week highs on tensions in catalonia. out from the a dip nikkei and the topix today. from the drag materials players in terms of kobe steel weighing on that index. the stocks in the region down .2%. energy players rallying. by .8%, wti above $50 a barrel. market, anian interesting chart on the bloomberg showing the for

we go to juliette saly. how is it looking? juliette: angie, they are two key thinks -- thinks.trength in the kospi index which has resumed trade after that week long holiday being supported by big prize coming through from samsung. he can to the kospi up by 1.8%. the other is the downturn we are seeing in chinese stocks. one of the -- some the big funds have been told to be -- told to sell up some the big stocks. pboc and theat the chinese government want is stability ahead of that party congress so that is a little bit of speculation. we are seeing the funds them out of the banks and unicom. come a lotim and the of volatility here after the pboc strengthened the index. the call for more rocket-based mechanism. you are seeing some pretty good movement across the region. the nikkei is holding onto the gains of the morning session. the yen fairly flat lining against the dollar with 112 handle. you the supply chain of kobe steel. this is one stock we are watching in very big focus. if it does come online, looks likely that it will be forced to open on the close in japan trade coul

the latest from juliette saly. it is looking good for australia and new zealand, up 0.4%.ropping on wellington. we will continue to see a little bit of concern whether or not there will be a government in new zealand. you have whole milk prices down wellington. we will continue to0.3%. good sign and start for the trading day and wellington. iron ore is up 0.9%, helping the australian shares. on the asx every sector apart from energy is ok. if we look at the stocks in the session, rion -- is weighing the sales of the euro -- europe top aluminum sales. comment and the weakness from the energy -- i mentioned weakness in the energy sellers. this continuing to rise on the demand for baby formula from china. jewels, we have been talking about the china open coming off of golden week. but we saw the close on friday with a 10 year high. jewelswe -- what kind of catchp rally are we expecting? juliette: a huge one. we have the pickup in retail sales that were weaker than expected, but when you look at restaurant receipts, of 10% over the golden week holiday. .- up 10% the markets wi

here's juliette saly. liette: deutsche bank has reported a bigger than expected drop in third-quarter trading revenue as europe's largest investment bank keeps losing ground to rivals. declined 30% from a year earlier. worse than the 15% decline and the toy for percent drop expected by analysts. we will hear from dr.'s cfo at 9:45 a.m. u.k. time. barclays ceo jes staley said he would not panic after one bad trading quarter and he has had three. they posted a 33% trop in fixed income revenue. it trailed most of wall street rivals and posted it 22% decline. posted a 36% fall. santander's third-quarter profit has fallen. the feeling lender has [inaudible] net income fell in the three months to september. that compares with a 1.8 4 billion euro average of five analyst estimates compiled by bloomberg. at 8:30tera joins us a.m. u.k. time. issident mario draghi preparing for one of the most key decisions in his dramatic tenure. today's meeting to discuss how and when to bring large scale bond purchases to an end.

but get a bloomberg news update with juliette saly. juliette: north korea has warned that a nuclear war could break out at any moment. the comment from the nation's deputy ambassador, as the u.s. and south korea again one of the off the westrills and east coast of the peninsula. the country has become a full-fledged nuclear power which possess the means, and warns uis mainland -- the u.s. mainland is in range. u.k. prime minister theresa may's brexit mission to brussels has been a flop. she was hoping to unblock stalled negotiations. following the meeting last night, both sides issued a statement that entrench their previous stances. ministers are losing faith in the eu's willingness to strike a deal. president trump and senate majority leader mitch mcconnell has presented a united front. the two appeared together in the rose garden, and insisted they are closer than ever before, despite having publicly attacked each other in recent months. trump told reporters they are on the same page when it comes to taxes. fighting forwere lower tax

i want to get to juliette saly for the bloomberg business flash. liette: bombardier is seeking investors for its aerospace business. the montreal-based manufacture is starting the disposal assets including its turboprop and regional jet units. saying bombardier is open to partnerships with other era ship companies. now affect as many as 500 companies worldwide. japan's third-largest steelmaker collapsed 41% less week. -- 41% last week. saudi arabia is considering delaying the international ocean of the giant initial public offering of its state oil company intel 2019. this -- allthat all listed venues were under review for the ipo. -- a localery listing could be combined. that is your bloomberg business flash. you, copper is on the move. crude is on the move as well. crude prices soaring. local media reports seven iraqi militia have been killed in the kurdish --iting claimed by baghdad in the iraqi kurds. the international community has been warning about . this has always been the big fear. let's get to yousef gamal el-din. let's talk about what is

juliette saly there in singapore on the latest in the markets.dicted that inflation won't stay low for much longer as they plan to move ahead with plans to tighten monastery policy. >> my best guess is the soft ratings will not persist and the ongoing strengthening of labor markets, i expect inflation to move higher next year and most of my colleagues agree. in our latest economic projections, my colleagues and i project inflation to move higher next year and to reach 2%. let's discuss this. allen higgins, chief investment officer at coutts & company joins us this morning. the best guess of janet yellen is probably to be taken seriously. how on the money is she? her best guess is consumer prices will accelerate after a. of softness. -- after a period of softness. compare the u.s. to other countries i think she has a reason to say best guess because of wages. it's a slow cycle. unlike for europe, japan, or the u.k.. wage bubble in the u.s.. he's in new york, is a? goldman sachs. he was instrumental in introducing the financial instruments. with cr