it has a forecast for an appreciating krona.dse of the krona greatly on the price of oil, so we will see higher oil prices and it could mean a stronger currencies. statoil measures its growth in dollars, but how exposed are they? dollar appreciation affects the income by $2 million in operational income by $600 million. matt: anne-marie, thank you. a little bit of a primer there. joining us for an exclusive interview on bloomberg, the ceo of statoil. eldar saetre. thank you for joining us. the question we want to focus on is the possibility of sustainable integrated oil companies. some people think they are the ones who will win this race. could be the leaders in sustainable oil production. others asked the obvious question of how could that be possible considering you are in the fossil fuel business? what is your take on it? a broad energy company, so we produce oil and gas, renewable energy -- in terms of sustainability, producing oil and gas with the lowest possible carbon footprint. if you look at our next generation portfol

swedish krona also outperforming. meanwhile, still selling pressure on asian currencies. bloomberg. ♪ ♪ caroline: flight by from london, i am caroline hyde. vonnie: in new york, i'm vonnie quinn. this is "bloomberg markets." china is urging the u.s. to come back to the negotiating table after president trump said he would go ahead with a crackdown on trade. the trump administration plans to impose tariffs on $50 billion of chinese goods by june. beijing is warning that no matter what steps the u.s. takes it will defend its economy. we are joined by a bloomberg trade reporter live in washington. what is the latest? given how fast these things have been moving, anything could happen in the last few minutes. >> that's right. we have seen a lot of back-and-forth in the trump administration on the china front in the last few days will 10 days ago we saw secretary steve mnuchin say the trade war is on hold, we are not imposing tariffs. yesterday the white house said actually, we will go forward with it. today we saw the white house trade adviser peter navarro say, actually, sec

higher after posting better-than-expected first quarter earnings net profits rose to 10.75 danish kronacompany says it expects robust sales growth in the future but warns intensifying competition and price pressure, it will have some effect our colleagues on "squawk box" spoke with the ceo of novo nordisk and asked about the impact of the new healthcare legislation in the u.s >> this quarter we saw a new bill passed that moves on more costs to the drug manufacturers in the medicare part d segment, and still there are fundamental changes in u.s. healthcare system that talks about how can more rebates be passed on to patients so i still think there will be some reform initiatives to go on to get to a more sustainable healthcare system. but i think the latest initiative passed on a significant bill to the industry of drug manufacturers. so i think hopefully next time the reform will go somewhere else >>> and hugo boss sales rose 5% in the first quarter boosted bay rebound in china and the americas sales came in just below analyst expectations, but the german fashion group confirmed its out

the canadian loonie seeing weakness and the krona as well. this is starting to spread.onesia, the rupiah. when it comes to stocks and bonds in indonesia, but in america, more pronounced. the mexican, down 9% in three weeks. the countrye peso, asked the imf for $30 billion in financing to help stem this five-month rout we have seen. it forced the central bank to hike rates three times in weeks. seeing weeks of gains. we are watching as we see more strength coming through in this stronger dollar story. let's get you caught up with the first word news. jessica summers from new york. >> president trump has spoken by phone with his chinese after xi jinping spoke with kim jong-un. the second meeting between them in less than two months. kim made a surprise visit. improvings tides are rapidly. quashedd the u.s. have the wto. entered theey have realm of alice and wonderland, where white is black and up is down. china lashing out against terrorists on $150 billion of chinese terror -- exports. financial markets have dropped gradual interest. he told derek tightening has proceede