juliette: i am juliette saly. check of business flash headlines, disney and verizon have reached an 11th hour deal to keep sports programming floating. it was due to expire at 5:00 p.m. new york time. negotiations were seen as a litmus test for busy -- disney's business model charging a higher fees to espn even though many are switching off sports. ramy: sears could have another chance of survival with the chairman scrapping together a deal to save it from bankruptcy. finance $4.4 billion offer agreeing to a statement from esl investment. the plan needs approval from investors. lampert,uld outbid selling off piece by piece. juliette: according to an -- an end to the china -- [please stand by] australia in early trade. we are seeing every sector moving higher on the s&p asx 200, up .7%. the aussie dollar is a little bit flat against the greenback, holding at 70.48. looking at some of the stock movers across the australian session in early trade, 6%.urces leading gains over seeing strong moves coming through in some

i'm juliette saly.isse held its investor day this week and confirmed it will buy back as much as $3 billion in stock. it marks the completion of the bank's three-year revamp under ceo tijane thiam who supervised a pivot from more volatile trading to wealth management. he spoke exclusively to francine lacqua about the buyback and credit suisse's turnaround. tijane: we always said that if shareholders supported us, we would come to a position where we can return capital and we are pleased to have reached that point. francine: if shareholders ask for more buybacks, you could do it? tijane: it is not a function of the current position and market conditions. these numbers announced today are very prudent. they, after discussions with a -- they come after discussions with a regulator for next year. it is reasonably safe. there can always be upsides in life. i'm not known for holding capital as a ceo. any excess capital will be issued. francine: talk to me a little bit about the headwinds and the market condit

. ♪ juliette: i'm juliette saly in singapore.'m ramy inocencio in new york and you are watching daybreak australia. let's do a quick check of the latest business flash headlines. disney and verizon have reached an 11th hour deal to keep sports programming flowing to its cable customers. it covered 4.36 with customers it was due to expire on new year's eve. negotiations were seen as a litmus test for disney's business model of charging higher fees from yesterday yen though many consumers are switching off sports. see years may have another chance of survival -- sears may have another chance of survival. the plan needs approval from creditors and a bankruptcy court. liquidators could also outbid, and then sell it piece by piece. china's freeze on videogame licensing. 80 new titles have been approved for commercial release. they said they could still take months for officials to clear the more than 5000 games waiting for approval by sensors. -- censors. turbulent -- as a turbulent year for markets draws to a close, let's turn to wha

juliette saly has your market check in asia. juliette.n a little bit of a turnaround coming through in the csi in late trade. quite interesting to see that move. also watching the very strong move coming through in the chinese. -day move. two we have seen that following the trump-xi meeting over the weekend, although price action suggests they are thinking the details of this meeting has been very scant. elsewhere, asian markets fall coming off that very solid moves you had yesterday where the msci asia-pacific index was up almost 2%. their firstcks had drop in eight sessions today. the nikkei 225 was down by about 2.4% on the close. its weakest level since october. by .1% against the dollar -- .5% against the dollar. philippine stocks were one of the only or one of the few markets that actually rose today along with moves in the jakarta composite. we do have philippine inflation data coming through. it was risk off across the region. just really a chair market closing down around 1%. no change as expected from the rateith its interest de

more markets with juliette saly. juliette: thank you. to the trading week. 1.4% drop on the asia-pacific index on friday, weakness from wall street. the fact futures have been ticking higher supports asian equities. a good showing from indian markets from japan, which closed higher .6%. a special dividend by bhp, listing the asx 200. you can see weakness in e.m.'s and the china market down. but the lows of the day, down around .02%. we have a policy meeting and china, and a number of central banks in the region. the bank of japan, thailand, and indonesia meeting. let's look at some of the fx moves in asia. you've seen upside coming through in the on sure you on, a pboc official saying seven to the dollar, the line in the sand we should be ignoring, they say it's actually important. gained .01%. in the indian rupee, we've heard he reckons he should go short the rupee and long the indonesian rupee are. it's different because it's falling against the dollar, the worst performing currency. that weighed on the overall jakarta index, as well.

juliette saly has more. you.to see markets still struggling to climb a wall of worry. liette: yes, where is that santa claus rally? not here. butmore trading sessions, we are on track for the worst december in history and second-worst month of 2018. japanese stocks extending into bear market, msci pacific index poised for its lowest close in months. we are seeing weakness across the board today, these renewed u.s.-china tensions weighing on chinese stocks. let's look at the stocks we are following. tencent has been rising. we are hearing reports regulators in china are going to lift some of these bans on games, which helps tencent. nissan to hold a press conference. we hold carlos ghosn will remain behind bars and the former chairman of nissan has had fresh allegations brought against him, nissan shares down 2%. coca-cola raising prices for its drinks for the first time in 27 years. we're not seeing inflation in japan, but maybe in terms of trying to make bottles for the drinks. share prices have climbed the most in five years. nejra: juliette saly and singapore, thank

juliette saly has more. it is all about what you see in japanese equities, down.pix closing over 3%, 3.2%,ff 2.8% but a big fall coming through from japanese equities. has had its worst december since 1959. and in bear market territory. we had the bank of japan standing pat on the back of the fed, rattling investors. the nikkei also falling sharply, down more than 3% during the asian session. let's have a look at some of the stocks we have been watching. resolve jumping as much as 27% after the u.s. is lifting sanctions on rusal. aluminum falling to a 16 month low. we are watching a lot of these movers in terms of the japanese tech players, you can see on the screen off 5%. goldman sachs saying investors should brace for more spending cuts. pretty much the only stock that was higher today in the japanese by 7% on the close. rebounding from a six-year low after moody's downgrade. pretty much apart from that stock, very red and the topix in bear market. nejra: we are asking the question, how long until u.s. st

let's check in on the markets in asia with the juliette saly in singapore. ese equity markets not looking pretty after we heard from xi jinping. juliette: yes. we did not hear any new reforms and that's what the market was looking for. we also had that weekly coming through from wall street. asian equities taking that me and falling. we have the fed in focus after the boj meeting this week as well. japanese stocks leading the decline across the region today. the nikkei at an 18 month low today. we have had some weakness coming through from a lot of the emerging markets. the australian share market closing up the session lower by over 1%, so giving back a lot of those solid gains from yesterday. let's have a look at some of the company specific stories we see across the region today. korean stocks have been leading the gains in the region. we have seen a little bit of upside coming through, even though the kospi close lower. -- closed lower. cacao pharmaceutical is interesting. --dy's downgraded the stock takeda pharmaceuticals is interesting. odys downgraded

juliette saly in singapore, thank you so much. i am here at westminster talking about brexit but it's not the only story in global markets today. we are asking the question, how much if at all with the nikkei advance in 2019? the world's second-biggest equity market has had a good run recently. there's still time to head over to add your forecast to our 2019 market survey before polling closes on friday. now let's get the bloomberg first word news from debra mao in hong kong. >> theresa may is heading back to brussels today after winning a confidence vote among fellow conservative members of the u.k. house of commons. more than one third of lawmakers voted to ditch may, but an emotional concession before the ballot when she said she would not leave the party into the next general election. she is now safe from an internal challenge for your and returns to the task of getting her brexit deal approved by parliament. she will head to brussels for summit with other e.u. leaders. >> i'm grateful for that support. a significant number c

i'm juliette saly. back as much as $3 billion in stock, marking the completion of the bank's three-year rebound under the new ceo who supervised a pivot from more volatile trading to wealth management. he spoke exclusively to francine lacqua about the buyback and credit suisse's turnaround. said that if they supported us, we would come to a position where we can return capital and we are pleased to return that point. >> shareholders ask for more buybacks and you could do it. >> it is not a function of the current position and market conditions. these numbers announced today are very prudent. it is reasonably safe. i'm not known for holding capital as a ceo. any extra capital will be issued. francine: talking a little bit about the headwinds in the market conditions, are the going to get worse from here? when i came into this job, we already have been very long into an expansion. all of our thinking has been about protecting the bank. we cut risk. we cut cost by more than $5 billion. we could stand a dro

juliette saly in singapore has more. good to see you. l seeing the selling pressure continue in asian markets? juliette: we certainly are. not a great start to the week at all. where is that santa claus rally? down by 1.8%. over theimilar today, course of the last week. it's all substantially today. the mining stocks, the banks under pressure, down 2.3%, now at a 23 month low. you had stronger yen on the state haven buying, so the nikkei down by over 2%. in china on the close, the csi 300 down by over 1%. indian stocks coming under pressure. it looks like prime minister modi may have a bit of a tough break in those elections. indian assets alcohol dumped today. we chinese and japanese data chineseo this -- weak and japanese data adding to this. asian bonds in focus today. the yen is up by .1% against the dollar. 112.53. you have actually seen the indian rupee, the worst-performing asian currency today, falling .7% against the dollar. in terms of that move into bonds, south korean bond looking very good today. that yout saying should avoid

the skit to juliette saly in singapore with the markets.tte: we've seen a strong session coming through. msci closing higher. session inbest around a month. now back to level since we haven't seen since mid-october. we saw that huge selloff towards the latter part of october. today's gains adding to the overall positive. australian market closing higher from around 2%. most of the emerging markets looking good part from india which is down by about 0.1%. crude pricesgher way to things there. going today are about 145%. let's have a look at currencies. we been talking about the aussie being a proxy. it's risen by about 0.9%. if you look at emerging-market currencies, dollar weakness helping them. won at a two month high. chinese currency rising as well. thea stronger fix from pboc. but we have seen weakness coming through the indian rupee. pre-much the only asian currency under pressure today. we did have some slightly weaker than expected data out of india. also higher crude prices. nejra: how long is this trade truce rally going to last? i

juliette saly in singapore has more with that. juliette: not a good session. the nikkei closing of the session by 2%. we have the msci asia-pacific index back in the red after two sessions of losses, down 1.3%. that means its weekly drop will be a similar amount. industrial production and retail sales weaker in november. you also have the survey out of japan with some of the spending plans from the business is there a little bit weaker then -- below the outlook before large manufacturers confidence we can. we have seen the r.b.i. board meeting for the first time since earlier this week. -- aew governor, you have little bit weaker, down 2/10 of 1%. not a great session for asian stocks. -- having ayer look, japan up by 35%, jumping substantially on talks with chinese companies. jumping the most since listing in 2014. we have seen weakness from a lot of these tech players. samsung electronics down by almost 3%. i have put in that bond as well because we are continuing to see the boj tapering. today they came through cutting their five to 10 year purchase for the

nejra: thank you, juliette saly instant or. we are asking the question on the mliv.an the yuan rally from here? how far? whi head to th sarah share. coming up next, we went to get your first in the morning on this question. how much further can the rally go after the past couple of days? >> it is versus it is to the headlines, slightly positive headlines overnight over the u.s. china trade war to my own views are limited to riyadh part of the formulation for the chinese administration to deal with the risk, will be the weakening of the john, so i expect that to return -- the weakeningl be of the yuan. nejra: someone french will be staying with us to riyadh first, we get the first word news with debra mao in hong kong. >> theresa may is facing renewed leadership threats at home as she tries to secure runs that concessions are broad. on the brink are forcing a confidence vote in her leadership. meanwhile, the eu is not. budging on the brexit deal as officials fear that there will be no concessions. i rest of huawei chief financial officer man when show has been --

juliette saly has more in singapore. : the most interesting part is what is happening in india, we had the net see -- gov. patel'ser resignation. is winning arty key election, you're seeing a lot of that weakness reverse in the indian market down by .1 of 1%. strong positivity and china, we heard of the phone call between beijing and washington overnight but you do have a stronger yen that is weighing on the nikkei that close down by .3 of 1%, bytralia's market rebounded .4 of 1% after falling to a 23 month low. a very choppy session, in the red for a second consecutive session. let's have a look at some of the other movers, we have seen a reversal coming through in indian stocks but the rupee and indian bonds. you have the rupee down by .8 of 1% against the dollar. bringing it -- the two day to close to 3% which is the worst today loss we have had since 2013 for that currency. weakness coming through in the philippines, the trade deficit whiter than expected and -- the trade gap, i should say. and 1010 -- tencent is up i

let's get straight to the market action with juliette saly in singapore. ll, and you have been talking about, it's these concerns about the u.s. china trade relationship and certainly investors are starting to position or not position themselves on whether or not this rally will happen. we had a weekly drop on the msci last week, starting with a similar fall today. japan's nikkei index is the worst performer with disappointing gdp figures due to the natural disasters and the biggest drop in business spending in nine years. investors are going into the yen reckono bonds but they you should avoid buying them until the next half of next year. to 2.6ink it will slow percent next year below the bank of korea projection and certainly today all the money is going into the safe haven. >> indian markets have just opened -- what's the story, given that we do have some political risk taking place in the country? >> absolutely. not only is it global weakness bearing down on indian indices, but we also have projection from exit polls in five key state elections and the

juliette saly in singapore has more. it has been a mixed session, what can you tell us? very mixed session. key markets sold off today, china, japan, australia. msci asia pacific index is higher because of the oil price has pushed emerging markets higher. india is up 0.3%. we are getting breaking news that the bank of thailand has raised its rate to 1.75% from 1.5%. that was widely expected. you have seen the yield on the 10 year japanese note get close to zero. weakness, a dollar lot of asian currencies have moved. the india rupee rallying on the weaker oil price. throughindonesia coming with its own decision tomorrow, though no change expected. one currency bucking the upward trend is malaysia. deutsche bank saying it is switching out for 2019, it is more constructive on the rupee and the japanese yen. manus: thank you very much. bank of thailand raising rates, 1.75% from 1.5%. this is all about what is going on in the emerging markets space . let's see what happens today, which takes us to the question of the day. ,he fed is set to raise rates and this takes us to the