in the next hour, we speak with kathleen fisher.k to her about the market reaction and credit. this is bloomberg. ♪ taylor: this is "bloomberg surveillance." i'm taylor riggs. breaking, blackstone group has held initial discussions about bidding for assets in a sale overseen by the chinese government. this is according to people with knowledge of the matter. the assets include the waldorf as well as strategic hotels and resorts. in the u k, barclays operating unit faces a new criminal charge over its capital fundraising at the height of the financial crisis. the serious fraud office accuses barclays of unlawful financial assistance. it has to do with the loan the bank got from qatar. former executives had already been charged. barclays says it will defend itself. a private equity firm and a dutch pension fund are making a bid for akzonobel's specialty chemicals unit. the ft says the fund would be a minority: investor alongside apollo global management. the unit could be valued at more than $12 billion. a new deal will ensure that he

kathleen: we'd love to have you back. have breaking news in the japanese economy so we want to thank you. draper fisher founder. amazon! k on kathleen: tim draper, thanks so much. yvonne: thank you. machine orders coming through japan, big, big 11.9%, thedropping month-on-month jbs. we -- numbers. a draw-down inng contractionary territory. out is coming from a blow quarter in the fourth quarter at 5.7%nd of 2017 with the print. year on-year also dropping 5% ramy, thisr and comes down to the strength of cap on howtting a much these japanese corporates to invest in terms of capital spending and boost wages so certainly a big question for the b.o.j. plenty more to come on "daybreak asia." keep it right here. ♪ yvonne: recapping you on japan machine orders coming through 11.9% drop,, aaving the fourth quarter as decline in machine orders. you have to blame the strong yen. the b.o.j.ion for its: the yen at 106.58, lowest since november 2016. we're going to keep watching where that goes. meantime, coming up on the next hour of "daybreak asia," bankrupt singapore investment strategy joining us. ♪ 8:00 a.m. here in hong kong, l