haidi: i am haidi lun in sydney.s are moving step closer to the global financial community as msci in the00 mainland stocks indices. it is a major step for beijing and gives it international investors and more access to equities that have until now been out of reach. >> from the world's most valuable to stiller to banking to mining -- distiller banking and mining, they will have greater exposure to china's yuan denominated shares. they will be added to msci's emerging-market and all country indexes in june. it is a standard for financial -- don'tty and a major expect the economic equivalent of a victory parade. shares will only account for 7% in the emerging markets index. still even a small slice of the pie is excited to bring billions of dollars into china's equity market as index tracking funds by in. .- buy in and beijing could carry up further reforms. betty: one result from the inclusion in the msci could be the lowering of pagers to shorting mainland stocks. -- barriers to shorting mainland stocks. washington

this is bloomberg. ♪ haidi: i'm haidi lun in sydney.: i'm betty liu in new york and you're watching "bloomberg daybreak: australia." let's bring the director of asian sales and you just heard on kathleen earlier talk about inflation data, right? we thought we were seeing the whites of the eyes of inflation here in some of the markets and the thought -- that is not the case in the u.s.. you saw the dollar fall quickly on that. how is that affecting your outlook for the dollar and ultimately, the effect on asian markets? >> i think there are two aspects there. one is we are in a tightening monetary cycle for the dollar. we are also in a somewhat tightening fiscal cycle because at this point, we have not seen the effects of spending coming through in the economy but we are seeing the effects of and theirists policies. generally, i think that is tighter for the economy. when you get the both of those effects, most of the markets in the market space will have to grow their own trading blocs. ago,u look back 10 years china and their circle wi

here is haidi lun. u.s.reasury secretary steven mnuchin has sent the delegate -- has said the delegation has had a good amortization with their chinese counterparts. for is the second day negotiations. a white house official also said the atmosphere was positive but the real test will be china's ability to deliver on its promises on economic change. north korea has reportedly agreed in principle to accept in -- international atomic energy agency's inspections of its nuclear facilities. newspaper has said that would be with the aim towards complete denuclearization by 2020. ix benchmark has been manipulated and that has drawn attention from regulators. watchdogs, thewo securities exchange commission and the other commodities exchange commission. one topic of investigation. socgen missing out on the trading games that boosted earnings of its american and european rivals. the front posted lower-than-expected results in its main trading businesses. one of four deputy ceo's was named in the management shakeup. we

haidi: i am haidi lun. air asia sees revenue and passenger numbers on the rise. we will be joined by the ceo. this is "bloomberg markets: asia." ♪ rishaad: meandering a little bit, fluctuating between gains and losses. waiting for the trading day to kickoff in hong kong. it is a public holiday in korea and the territory. this cut in import taxes for vehicles, emerging market risks in the form of turkey. haidi: markets adrift. we seem to have this eternal struggle between do we look at the negative, president trump

haidi: i am haidi lun. this is "bloomberg daybreak: australia". betty: i am betty liu. we will be looking at how all the action on wall street will play into the trading day. something else for markets to look at today, the dovish tone of the fed minutes. slides, stocks coming back, treasury yields rising. -- the curve steepening, i should say. rising.up .2%, the s&p the nasdaq gaining some ground. let's take a quick look at how other markets moved as well on the active these minutes. you saw the 10 year yields coming down, some buying going on. the dollar has slid a bit, but up slightly. also, a slight bid under it. taking a look at the greenback overall, the green backsliding on this news. it seems like we are seeing a dovish tilt in the minutes. haidi: that statement about being able to tolerate a modest overshoot of the 2% inflation target. is almost a certainty the next rate hike will come in june. take a look at the set up in asia. the msci asia-pacific falling to the lowest in a fortnight. new zealand flat at the moment. idea that trump tweaking we might have to

haidi: i'm haidi lun in sydney.ty: i'm betty liu in new york. let's get back to the u.s. market.with president trump 's iran decision, it triggered many volatility on stocks. su keenan here. sue: stocks did sink lower after the decision. oil on a wild ride. the dollar moves higher.we are continuing to see dollar strength. treasury in focus as jamie dimon talks about yields at 3%, get ready for 4%. as you can see,dollar strength. gold higher. oil closed just before $70 but will move higher. we will move into the bloomberg. average geopolitical risk has been higher in 2018. that would be slightly an understatement because we started out here and we are at a whole new normal with this whole iran talks. a lot of the various european allies had lobbied trump to stay in the deal. iran especially said the u.s. was making a big mistake. there was a view this would actually worsen things. however, donald trump is convinced otherwise. haidi: let's talk more about jamie dimon morning on 4% yield and where oil goes from here. s

i'm haidi lun. betty: just after 6:00 p.m. in new york, i'm betty liu. looking at how the action on wall street will play into the asia-pacific trading day. it was those easing trade tensions that lifted the market overall. speaking about the market, we are closely watching comments coming up from the minneapolis fed president. he is not a voting member, but he continues his dovish stance. saying, we should allow the economy to continue to strengthen. there might still be some slack in the labor market. also noting, that he is watching the yield curve for any signs the economy might falter. so still hinting a little bit more dovish. haidi: yes, talking about the sort of lack of pickup in wage growth, saying we could see the inversion on the all caps sometime this year. becoming a common refrain, by thought it was interesting we saw the pickup, that sort of recession when it comes to the haven plays in positive sentiment all on trade, given we have not had a great deal of optimism or details with these deals. betty: we haven't at all, but it was those dea

i am haidi lun. i will be taking a look at the action, or lack of action on wall street, playing into the asia-pacific trading. there is not a lot of risk on the table, not a lot of momentum given we had u.s. markets shot memorial day, the u.k. off for their spring bank holiday. a number of southeast asian markets, singapore, indonesia, malaysia, are going to be closed as well with the celebration of the buddha's birthday. yvonne: this could magnify the move we have seen particularly with the contagion in europe after the president of italy, asking carlo cardarelli to form a new government after he blocked his proposed populist coalition. let's bring up the boards to check on the biggest moves we have seen. for memorialclosed day, so we do see u.s. futures paring some gains this morning, euro at 116, the weakest in almost seven months. take a look at 10 year italian bonds, yields jumping 22 basis points, the highest in nearly four years. on the flipside, stronger turkish lira after the central bank s

i am haidi lun in sydney. betty: i am betty liu in new york.ou are watching "daybreak: australia." stocks mixed as investors assess the outlook for trade talks, also rising tensions. i want to bring in a chief market strategist in boston. about thetalk markets, i want to ask about the ago, mscibout an hour releasing the list of 230 plus that will be joining the msci indexes. these are basically chinese stocks going global. what did you make of the list? amazing. this is one of those things we have been waiting for. i think it does three things. investing in chinese equities has always been difficult because it is difficult to get resources and information, but inclusion in an accredited index like this is a confirmation or a way of investors saying i feel more comfortable and now i know more about this, and obviously these guys were included in this index for a reason. so it is credentialing for these companies. you get a new kind of investor, the passive index investor. that brings its own support. the most important thing is much-needed liqui

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so, lun that is lun that simone after nina simone. miles after the great miles davis. a musical connection in their names. and think we chose wisely with some of the greatest artists of all time. >>> still ahead -- >> before tonight's "roseanne" seasonal finale. the cast's most outrageous bloopers. [ laughter ] >>> then, our "ocean's 8" exclusive. with sandra, ca the te, and anne. >> which star earned the name barbie on the snetments she's wild, out there, and into herself. >>> closed captioning provided by -- ♪ >>> didn't have a choice. this is all we could afford. >> oh, it's me! [ laughter ] >> [ bleep ] you're looking for work, don't click on fantasy positions.com. >> gotta be so hard to keep a straight face on that set. look, "roseann's" return was nothing short of a tv game xharng. tonight's finale is nothing different. >> the thing i like about the last show is it's -- john goodman carries it. he's just fantastic in it. you know, and everyone is going to love it. ♪ >> in the finale, dan faces a tough work decision. >> man, jackie, dan is still talking about goin

i'm haidi lun. >> and it's just after 6:00 p.m. here in new york. i'm betty liu. we're going to be look how all the action is going to play in the the asia pacific trading day. and haidi, it was a day of advances here in the u.s. we saw another advance at that 3.1% level. let's take a quick look at how the stocks ended trade today. green across the board. some good earnings from some of the consumer stocks like macy's. the dow up about 63 points. the nasdaq gaining some steam to set up asia for a higher open. haidi: yeah, what a difference a day makes. we went from good news to being bad news. to good news being good news. it's amazing how the narrative shifts within hours. take a look at the setup. we had stocks staging a recovery in the overnight session. emerging market asx coming ush pressure. the aussie recovering from that slump on the back that we gained. sidney futures a bit of poverty going into the open. 6. aussie dollar at we're seeing decline in gold. new york crude holding at 71.5. the brent falling the most in more than a week. although, we do have m

. ♪ haidi: i am haidi lun in sydney.cencio and new york and you are watching "daybreak australia". according to peter navarro, got steven mnuchin's comments earlier this month about putting quote, anon hold as unfortunate soundbite. a tradewe have is dispute with china, they engage in unfair trade practices and run up a $370 billion trade surplus with us, which cost us over a million factory jobs. we lost the trade war it long time ago. ramy: joining us now is bloomberg washington reporter, greg sullivan. how likely is a trade war at this point? : it seems we are looking at an certificate when it comes to china and the u.s.. we heard eater navarro's comments, and granted he is a hardliner, and taking with yesterday's surprise tariff announcement and today, secretary sarah sanders saying steven mnuchin's comments about trade war being on hold weren't meant to be indefinitely, saying president trump ultimately makes these traits decisions. of that together races the prospects the u.s. is taking a harder line all of a sudde

. ♪ haidi: i am haidi lun in sydney. in newi am betty liu york.ou are watching daybreak australia. wall street stocks close lower after climbing back from early losses. president trump canceled the north korean summit. that is the story today. jason, you know, every day, we seem to be moving back and forth on these headlines. first off, what do you make of that and the health of the markets? what is your biggest concern right now? jason: the first part, i think you saw movement today as emblematic of how investors are thinking about this. there is initial reaction, and then it crawls back. it's a shrug of the shoulders. it's day today. if you look at the vix, it's around 12.5-13. over 30.ry, it was even in march when we had trade tensions it was higher. this is relatively low compared to where we have been in the last couple of months. this ranks inere our priorities, i think it's relatively low. it's really hard to calibrate politics because it does change day today. then you go back to well, from an economic perspective, a markets perspective, t

haidi: i am haidi lun in sydney. you are watching daybreak australia.eadlines, alibaba shares jumped up after the acceleration of sales as it unleashed spending in cloud computing supermarkets. it expected revenues to surge 60% in march. transport business startups. alibaba is seeing sales rise 50% ahead of the 22% projected by analysts. betty: we may see nestle's first tie up with a major copy rival. it is close to a business that sells beans in supermarkets. a deal will be announced monday. nestle recently added a niche brand, food bottle coffee and chameleon cold brew to its portfolio. first cash profit of $3.2 billion and will they an interim dividend of 94 cents per share. cash term equity 14% with net interest margin of 2.17%. asked really is banks have been under pressure, and the royal commission examines claims of conduct. betty: disney's latest avengers movie is the fastest movie ever to notch $1 billion in global ticket sales. they turned around the year's box office even before opening in china. it topped sales for the second weekend in a ro

i am haidi lun here in sydney. must-see tv.l be i am betty liu in new york. watching daybreak australia. first word news with jessica summers. fell back.s. oil below $70 after president trump tweeted he will announce his decision on the iran nuclear at 2:00 p.m. tuesday washington time. germany, france, and the u.k. have lobbied to remain in the agreement. boris johnson is in washington. he is arguing the deal is flawed but can be improved. allows iran toit go forward fast with enrichment programs which could lead to a nuclear weapon. no sanctions go back on that. we need to find a way of fixing that. the president has been right to call attention to it. you have got to do that without just throwing the baby out with the bathwater. jessica: the white house says xi jinping's top economic adviser plans to visit washington for follow-up trade talks. that's after the trump administration officials returned empty-handed from beijing. the vice permit or will travel to the u.s.. each side has issued a long list of demands. to meetr is refusing those demands. italy a

haidi: i am haidi lun, you are watching daybreak australia.rom alaska has been in beijing checking on deals structuring president trump's visit last year. one of those is a lng project analysts inpec and the corporation. speaking to tom mackenzie about the progress made so far. >> i call this year a year of paperwork. we are doing the commercial agreements, looking at banking agreement, construction project, that type of thing. a lot of paperwork this year. it comes together at the front part of 2019. we are in the midst of the regulatory process as well. so we pull it all together for a final investment decision, either late in 2019 or probably for the construction and service in 2024. tom: are you in the process of signing other large agreements? >> asia is the growth engine for the lng industry, but we are working within the region for capacity.25% of so we are in active discussions. tom: where are you in terms of financing for the project? bank of china, are they on track to finance 75%? keith: financing, we have engaged bank of china to b

this is bloomberg. ♪ i am haidi lun in sydney.ty lou, you are watching daybreak australia. the trade war is off the table. we heard steve mnuchin saying the u.s. will not impose tariffs on chinese products for now, but questions remain unanswered after last week's talks in washington. the next guest says it will be a long time before they find common ground. joining us is the stratford vice president roger baker. stephen mnuchin said these tariffs are on hold. you believe it? >> i believe the tariffs are on hold. this administration has been very consistent in pushing negotiations from a maximus position and then setting off and at least in the short-term much less what they laid out at the beginning. so they seem to have hold back for now. there is space for dialogue and theng, expanding trade, but trade spat is not over. early? oesn't seem too rodger: i don't know. we are a year-and-a-half in the administration. betty: does it seem to our early -- too early for the u.s. to say after a day of talks, let's put tariffs on hold? rod

haidi: hello, i'm haidi lun. this is daybreak australia.e are two hours away from the open of asian major markets. wety: over the next hour, will look at how all the action on wall street is going to play into the asia-pacific trading day. it was this on again, off again interpretation of the upcoming north korean summit that kind of spooked the market. let's show you how we close the trade today. pretty much ran across the board. a very different book then yesterday. the dow down almost 200 points. the s&p and nasdaq also losing ground. again, if it is not u.s.-china trade we are talking about, it is the u.s.-north korean summit that is fixating the market. haidi: just a reminder, there is uncertainty. president trump is not really seemed convinced. seoul seems more optimistic it is going to happen. consider the volatility when it comes to north korea's behavior. take a look at how trading is looking in asia and new zealand where we are seeing action trending a little bit to the downside. heading over to futures are shaping up in the open

i'm haidi lun.ith the existential crisis, it seems like things worsened significany overnight the the italian asset selloff, the two-year falling the most. you are starting to see this contagion spread globally. yvonne: right. seeing the likes of what we are seeing in the bond market when it comes to italy, spain, portugal. we are seeing the rush to havens such as treasuries as well. classic risk off. take a look how we fared in the u.s. after that memorial day holiday. we did see that risk off session. risk sentiment improved a little bit towards the end of the close. the dow closing more than 1.5%. down. the 10 year yields is what we are watching as well. take a look at what we are seeing from the bond market. there is that rush to the u.s. dollar as well as treasury yields. u.s. 10 year. we have not seen a move like that since the likes of the brexit vote. the euro dollar also at 1.15 now. the italian two-year yield, the from anything we have seen over 20 years. 186 basis points at 2.77. just a c

haidi: i am haidi lun in sydney.el has warned backlash overtial vic investments in europe. both sides pledged to defend global institutions. tom mackenzie joins us for more. is he likely to heed angela merkel's warning? >> at some point, they might have to. what she was pointing out is there are already moves in france, germany, and other nations looking to ramp up the scrutiny of chinese dealmaking in europe, particularly around technology, a concern echoed by washington. billions invested $320 in terms of asset purchases and investments in the european union, well above the u.s. what she was saying is in sectors where china leads in terms of technology, if they don't start to reciprocate and open up markets in those sectors and create a level playing field , they should expect further constraints in the european union. that was a warning from chancellor merkel to their chinese counterparts. companies and their investments are still welcome in china. some german companies have faced , but continued open market acces

i am haidi lun. why consumer companies are leading the recovery in hong from the loss of three months ago. this is bloomberg markets: asia. ♪ rishaad: we are seeing a bit of a gain equity wise for the asia-pacific. stocksre a few notable or benchmarks which are not doing well. singapore, taipei, let's look here. , up .3%, similar sort of decline further -- there we have it towards the klci moving to the upside and taipei making some ground up as well. haidi: yeah, it seems to be a little bit of a sigh of relief as we get some of these lines trickling through from the trade talks in washington. appears progress is being made despite larry kudlow saying these talks are very difficult. we are getting reports of a concession to charge $100 billion in reduction of trade thatit, a package reportedly offered by beijing. let's see how we are into the open in china and hong kong. the hang seng looking a little lower, futures unchanged as we have the lower close yesterday. rishaad: let's take a look at this mo

this is bloomberg. ♪ ♪ haidi: i'm haidi lun in sydney.'m ramy inocencio in new york, and you are watching "daybreak: australia." let's get a check of the business flash headlines. to take 25% of an lng project in canada. this is the strongest signal that the plane will be built. hold 40%, while subsidiaries of mitsubishi will have 15%. petronas abandoned its own onposal in british columbia spiraling costs and opposition from environmental and indigenous groups. apple is preparing to a bend years of tradition and launch software to cure people of device addiction. toutedpany has enhancements that tight users closer to iphones and ipads. this is a series of tools to matt -- to monitor how much time people spend looking at screens. remy: in the meantime, a little-known hong kong department score skyrocketed in the final days of thursday's trading. lifestyle international holdings jumped 63% before closing more than 40% higher. that added 1.5 billion u.s. dollars in value on what was one of the biggest trading days of the year. lifestyle join

i am haidi lun. the trump administration said to be extending tariffs. a decision on who will be spared and will not be is pushed back to june 3. shinzo abe has pleaded japan's case while angela merkel made several requests for the eu in washington last week. confident that we have an exemption. why wouldn't we? australia is a country that has a free trade agreement with the united states.

haidi: i'm haidi lun in sydney. korea has canceled wednesday's high-level talks with their south korean counterparts. now with the meeting with president trump in doubt, blaming annual military exercise. they are calling them a deliberate provocation. let's bring in our editor in washington with the latest. joe, this is quite a twist. those managing expectations, this was always a risk, right? joe: right, this is reverting to some of those managing the rhetd of north korea. calling the military exercises, as you said, long planned an annual exercises, calling them a provocation. the abrupt change seems to take officials by surprise. the state department was simply saying we are planning to go ahead with the summit and we will wait and see. a little while ago, the white house press secretary sarah sanders released officials by s. a statement simply saying we are aware of the south korean media reports. the united states will look at what they have said independently. it is not clear whether this is perhaps a negotiat

in sydney and i am haidi lun with the first word news. president moon last with -- met last week. the president says that the list for a place to meet has been whittled down for him to the three. banks say their financial success delta senses to increasing risk.

i am haidi lun here in sydney.i am betty liu fewer in new york, you are watching daybreak australia. let's get to the first word news with jenna. >> reports from washington to say that china is ready to extend an olive branch on trade. >> the new york times has beijing is offering to reduce the trade deficit as much as $200 billion annually. >> the news is yet to be confirmed by the white house or .y beijing , but sources close to the talks say that that is what is on the table president trump originally asked china to cut $100 billion off the trade gap. has rebutted his national security adviser, saying that libya is no model for north korea. john bolton had said that nuclear disarmament should follow the libyan model, accepted by more muamar qaddafi, who after giving up his weapons, was overthrown and killed. north korea criticized those comments threatened to cancel the trump summit. >> there was no deal to keep kind o qadhafi. the libyan model was a different deal. this would be something with kim jong-un where

i'm rishaad salamat. >> i'm haidi lun.t is off in now it appears it could be happening after all, three days after president trump canceled the meeting in a sharply worded letter to kim jong-un. he says they are talking and preparing for june 12. we are hearing news of officials in north korea. there was a surprise leadership summit over the weekend. let's bring in the associate professor -- great to have you on again. is this a clever game from president trump, or i suspect, you will say this is diplomacy being made up as he goes along? >> yeah, i don't buy the whole three-dimensional chess argument. it looks thrown together, to be perfectly honest. come paook at the way and bolton are sparring, it looks a lot like bolton sabotaged the secretary, by insisting on the libya model, and north koreans don't like that model, it ended badly for gaddafi. that suggests infighting in the white house and the president leaves a lot more leadership on this. state would be very nice if you could give a major speech and says here's what

. -- let'st to haidi lun get to haidi lun.ling for an initial public offering kicking off the process that is expected to raise 10 billion u.s. dollars. the ipo which could be the it twiceince alibaba 14 could confer a value of $100 million. 67.5%aid revenue surged at a blistering pace of growth that will help it take on apple and samsung. tesla shares reversed in late trading after elon musk cut off analysts pressing him about ending the cash [indiscernible] dismissedl, he questions about capital requirements. national australia bank is plenty to sell the unit as a rush by [indiscernible] >> this business still is a good business. $200 millionover annual least -- annualized profit. it is still a good business. it has good growth prospects. haidi: that is your bloomberg business flash. thank you. let's get some final thoughts our guest. to take you to a charter for u.s. equities. the s&p 500 struggling for direction, trapped between 50 and the 200 day moving average. this despite the fact we had a good earnings season. take di

haidi lun in hong kong. we are moments away from the open of stocks.e are having a little of an issue with matt's camera. we will fix that. let's talk to -- about what is happening in the equities story. i am hoping that camera is good. let's talk about that. about what is happening with that stock. guest: the company is making a bid for victoria. the company has completed its acquisition of the austrian developer but they have enough for four more. a 900 million euro and the bid price 7% above yesterday's closing. above the bid.million we will see if there is a bidding war coming up. guy: the focus is what is happening with the numbers and what is happening. the social committee a -- media community are focusing on what happening with kanye west. how are the numbers received? guest: the numbers are good so revenue was lower and profit was better. it is a football world championship year so that is helpful. share action was needed this higher andares were more or less unchanged. why is the forecast being cut? guest: they have problem's like many europe

in sydney, i'm haidi lun.cial raises its fundraising target to more than $12 billion that would value the company at $150 billion. this is "bloomberg markets asia." ♪ heidi: the relief rally is obvious. we get the panic sentiment over italy's starts to send side that there was an outside move we saw and global bond. the rebound is on foot and helped along by the positive my numbers. near export orders generally as well as activity bradley looking pretty positive. the best we had in eight months. trade, always on the back burner there. rishaad: trade talks going on as we speak. other things we're looking at. we're looking at the jobs report out friday. the last set of data there on employment before the fed

i am haidi lun in sydney. bond markets on alert as well as yields a surge. unwinding debts on the number of fed rate hikes. the morgan stanley global china summit. we will be talking biotech and health care. we will also speak to morgan stanley's chief economist about u.s. china trade. this is "bloomberg markets -- asia." rishaad: geopolitics -- third-biggest economy in the euro area. sending shockwaves at the moment as people concede. george soros use the word political crisis. threats to year the immunity. there we have it -- european union see. haidi: -- unity. haidi: we are seeing worries when it comes to trade. president trump saying he will slap treacherous -- let's go to sophie. markets getting reminded not to get too comfortable or complacent with echoes of 2012. ground for ang second day while bonds are climbing. 10 year treasury yields around 2.79%. volatility is picking up. highlight the offshore yuan. bumping up against the 643 handle. be -- kospihe cost lower. analysts pouring cold water on a news report that apple logo full oled next year. nikk

in sydney and i am haidi lun with the first word news. kim and president moon last with -- met last week. the president says that the list for a place to meet has been whittled down for him to the three. banks say their financial success delta senses to increasing risk. an investigation was ordered after cba was sued for breaching money laundering laws. >> the housing market is slowing down for good reason. that puts a little pressure on it and make market more competitive. we are seeing that. from thempetition major banks and also the smaller banks and newer is this models. much more competitive. we are also seeing a little bit of strength in certain parts of the economy. we are watching really closely. japan following the most in 17 years. trading at them low was for 18 months here at sony fell after operating profits. boosto said needing to revenue through new products. underperformance on the markets, most regional targets are closed for the may 1 holiday. kong,ding here in hong mainland china, south korea, or singapore. let's look at

haidi: i am haidi lun. air asia sees revenue and passenger numbers on the rise. we will be joined by the ceo. this is "bloomberg markets: asia." ♪ rishaad: meandering a little bit, fluctuating between gains and losses. waiting for the trading day to kickoff in hong kong. it is a public holiday in korea and the territory. this cut in import taxes for vehicles, emerging market risks in the form of turkey. haidi: markets adrift. we seem to have this eternal struggle between do we look at the negative, president trump sang this north korea summit may or may not happen, or the positive, which seems to be extending this goodwill between washington and beijing, a combing of trade norms. we are 30 minutes away from the opening in china and hong kong. in the meantime, singapore, taiwan, malaysia online now. ,> looking like a mixed picture stocks in singapore and malaysia under pressure ahead of inflation data. we will get a gauge of how much the rise in oil prices have afflicted inflation. is up ahead of industrial output. investors contend with geopolitical worries, alth

i am haidi lun.ure building on president trump after his about but intel's former executive says it is part of a bigger trade story. this is great news, and not only for zte, but the thee industry, and even global economy, if i can say that. i don't think the target is actually zte. in thisbargaining chip trade dispute between the u.s. and china. maybe this and the potential trade war can be averted. theyook at both sides and accomplish something really good. how long will it be before chinese companies, chip companies, and other companies are able to catch up to u.s. companies? heardple are worried and semiconductorese development has their national initiative, so people in the u.s. are worried and maybe this is a replay of the solar panel, because when china poured a lot of money into that area to drive other companies out of business, so people are worried this could be a replay. my personal view is the semiconductor industry, if we can you sports as an analogy, it is a marathon race. it won't be

i'm haidi lun in sydney. in hong kong, i'm rishaad salamat. and china deciding whether a costly trade war after president trump offered a lifeline to zte. china reopened a review for qualcomm. >> zte did do some inappropriate things. they admitted to that. if there areis alternative remedies to the ones we had put forward? that is the area we will be exploring very, very promptly. economicchina's adviser is due in d.c. let's get the latest from dan. he is with me now. what is donald trump's interest here in saving it? intoes it dovetail nicely you scratch my back, i will scratch yours for qualcomm? -- nobody knows right now what trump's thinking. i think that is part of what is causing the uproar in washington. across the aisle. both parties are saying, why do you care about chinese jobs after your whole campaign was america first? you are hitting china very hard. trump has alluded and suggested that this is all part of a bargain. we don't really know what that looks like. wall street journal reported that it could have something to chineselif

haidi: in sydney, i am haidi lun. malaysia's new prime minister says the missing millions can be recovered and labeled his predecessor as a kleptocratic. this is "bloomberg markets: asia." ♪ uphaad: looking like an arrow story, that read suggesting the fed has more wiggle room. that has been the take away with a sigh of relief in this part of the world following good gains on wall street. haidi: yep. slower than expected pace of inflation giving investors a soothing sense that the fed is not in a hurry to pick up on the pace of rate hikes, the 10 year sliding below 3%, u.s. stocks jumping the most in two months, sentiment flowing through to asia. we are 30 minutes away from the open. will go out with the tgif feeling. >> it has been a while since we have seen stocks gain for playing out of five days of the trading week. yields down, the dollar offered , a bid across bid the commodities space as well. futures indicate higher on the hang seng index, .9% based on the last pricing. the taiwan dollar, .4%. has been did thi

i am haidi lun. the trump administration said to be extending tariffs. a decision on who will be spared and will not be is pushed back to june 3. shinzo abe has pleaded japan's case while angela merkel made several requests for the eu in washington last week. confident that we have an exemption. why wouldn't we? australia is a country that has a free trade agreement with the united states. we have a trade deficit with united states. had a trade relationship since the late 1950's. haidi: israel says it has proved that iran has been producing nuclear weapons. secret agents found documents that shows that iran lied. iran said israel was rehashing old scenarios and some say that he was repackaging old information. yahoo! japan fellow most in 13 years as shares slumped more than 13%. they were trading at their lowest fo 18 monthsr -- for 18 months. ceo needs to boost revenue through new products and services. central-bank action expected this week. the rba holding documents that shows that iran lied. iran today and looking ahead to the fed. a tepid conversati

haidi lun just mentioned for launch to get- bangladesh axis to upgrade access, and there is separations launch. apparently this rocket can be used 24 hours later. part, ass the crucial lunche 70% of the total coming from that booster. we are looking at why that caps on has stopped for now and we're monitoring the situation. we are a minute or so away from the launch and weather conditions appear to be good. where looking at an 80% chance of this launch taking place. there is last-minute issues being irate out let's go to joe weisenthal joins us from los angeles. to us what is special about this and what makes it the final version for this launch? that theearing now launch has been canceled. we get our answer to why the countdown has stopped. much or what the reason is, weather is possibly one of the issues. earlier, the about enthusiasm was in part of getting the opportunity to see the return of the rocket, which is an incredible breakthrough. we will find out what is going on shortly with why this launch has been canceled. betty: it might have been computer issues that is being report

haidi: in sydney, i am haidi lun.sing millions can be recovered and labeled

me on show talk about this you are in orlando right now, you said you had togo to store to spend $6 lun600 on at and tie. i think i are wearing shorts, you look fantastic. can you get elon musk on my show. >> you know, i'll try, maybe if i do a shout out on podcast, that way he can hear about it, give me a call, i'll call you. john: bruce thank you for coming on. great to see you. >> thank you, john. john: speaking of elon musk, tesla shares in green after hours, up less than percent following narrow than expected earnings beat. , lonmaking gains in model 3 prt company last month. we'll be right back. olatility mo to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what

haidi: i'm haidi lun in sydney., was that trying to reassure investors saying the aussie property market is on track for an orderly slowdown. this is bloomberg markets: asia. ♪ haidi: markets searching for direction. u.s. markets kind of navigated what was a mixed bag out of the labor market numbers. unemployment looking very robust. wage growth the missing puzzle piece there. ahead,a look at what is turning out to be a pretty big week when it comes to monetary policy. david: the bank of england, we we also had the bank in the philippines, which is seen as the one moving. there's also a week sentiment we are seeing right now. , 1.833.ctually down it would have been different in november. let's get a sense of markets. indonesia opening up. sophie: it's a mixed bag in jakarta. stocks took a snap, today drop. take a look at tokyo. stocks sliding despite the long break. electronics are falling as we see a stronger yen. it was touching 1.10 last week. aussie shares armand tainting omentum for the month of may -- tosie sh

dub lun, looli dublin, looks like a nice flow of traffic. we'll get a look at more weather and traffic coming up in just a few minutes. >> all right. thank you. >>> it's just about 20 to 6:00. coming up next on today in the bay, preparing for impact. >> i'm actually terrified of the amount of rain that is predicted to come in. >> how the whipping rain and wind about to slam the gulf coast, we're tracking the first named storm of the season. >>> plus looking for a cheaper place to live. the most affordable cities in california. and i think you're not going to be surprised, none are in the bay area. kari weather tease >>> good morning right now at 5:42 as you wake up, the sun riess rises. that sun is going to heat it up. we go from 62 at 9:00 to 86 degrees at 3:00 today. it's going to be hotter than it was yesterday. so keep that in mind. let's get a look at the approach to the bay bridge toll plaza. not a lot of company out there. i guess a lot of people have the day off. we'll talk about what's ahead on this hot day where you live. that's co

. >> the company says 400 of the jobs will go to a plant in pennsylvania. 4 lun are disappearing. what did they tell you about the thailand factory. >> they announced may of 2017. it's about completed now. they're going to start making bikes over there shortly. >> let me ask you, derek, the basic theory behind the tax cut other than you know, rewarding donors was you cut taxes you make companies more competitive. they invest more. there's going to be an increase in capital investment like opening faerktss and more people will get jobs. right? >> if we summarize that, that is the guise of trickle down economics, the idea with the greater resources that the company gets, they'll be able to invest more in the workforce and build more american products. >> has that happened so far? >> it clearly has not happened in the case of harley davidson. if we find little examples where it does happen, the question is it permanent or really just an example of politics trying to demonstrate that it might have occurred when in fact, at the end of the day, the firm is interested in profit maximizat

. >> when i was alone with miss lun swi in certain occasions in early 1996, and once in early 1997 i engaged in conduct that was wrong. these encounters did not consist of sexual intercourse. they did not constitute sexual relations as i understood that term to be defined at my january 17th, 1998, deposition. but they did involve inappropriate intimate contact. >> it's hard, and it's sad to watch a president of the united states carefully parse their words to carefully answer questions to ensure they don't get in trouble. is that the position president trump's lawyers are in right now? ensuring that president trump who as you know lets it rip methodically parsed his words as did bill clinton? >> exactly. bill clinton is brilliant and a lawyer. donald trump is not a lawyer and not always careful with his words. that's what his lawyers are concerned about, i think. that he will not parse. he will not be careful. he'll just speak, and that's a real problem for him. >> i don't know. in my heart of hearts, bill clinton parsing his words seemed pretty terrible. >> agreed. agreed. and trump

here is a first word update with haidi lun. agree u.s.reasurer to -- steve mnuchin has said the delegation from washington is having a very good conversation with their chinese counterpart as the second day of negotiations over the trading relationship gets underway in beijing. a white house official also said the atmosphere was fairly positive, but the real test will be china's ability to deliver on its promises of economic change. north korea has reportedly agreed in principle to accept international atomic energy agent inspections of its nuclear facilities. according to south korea's newspaper, citing unidentified intelligence sources, that is the aim of complete denuclearization by 2020. in the u.s., allegations that the global markets widely used vix benchmark as being manipulated has drawn attention from regulators. according to people familiar, and america's top two watchdogs for markets have opened investigations into the gauge of stock market volatility. they say one topic of examination is the monthly process through which the p

. >>> the luns of communicatiocommunications -- the lines of communications with north korea are back open. >> they're returning phone calls trying to see if they can make something happen so the summit in singapore can occur june 12th. >>> another media-shy russian billionaire linked to collusion with the trump team? why did your company pay hundreds of thousands of dollars -- >> not now -- >> to president trump's lawyer? >>> walked in, had the gun and started waving it around. >> he started shooting, and everybody started screaming and freaking out. and sieman tackled him. >> reporter: threw the basketball at the forehead, swatted the gun out of his hand. >> he's a hero. >> without him, i'm not sure all of us would have made it. >>> this is "new day weekend" with victor blackwell and christi paul. >> good morning, salvaging the summit. this morning, cautious optimism, renewed faith that the meeting between donald trump and kim jong-un may happen after all. >> less than two days after canceling it, mr. trump says his team is having productive talks against with north korean. with 2.5

lun am a another day, abe ahead of the historic talks in singapore. this is bloomberg markets: asia. therely, political crisis at the moment. begun mobilizing for early elections, in fact increasing those deals on a time bonds. spread,n that widening just slightly down. what a difference a couple of months makes. we have lost a one-way bet. we have a holiday session here and there with the -- here in asia, a number of .arkets from singapore liquidity is bursting on the ground. what sticks look at how the markets are trading. coming online. asian stocks pretty much neither here nor there. resuming ande those are looking for. the yen is moving higher, all the coming off of the session with treasury yields giving caution over italy. i want to check in on the offshore yuan which has fallen beyond 640 for the first time since january. let's check in on some stock movers of note across the region. this is from the dividend stocks and galaxy resources surging the most in 18 months regarding assets in argentina and tokyo, japan despite falling for this day, t

we have a new harvard study yesterday with a staggering almost incomprehensible number, over 45 lun deathso the storm in its aftermath, something that exceeds by above factors of ten the official estimates. has the government, the federal government been straight about what happened in puerto rico and should there be some kind of investigation? >> they have not been straight. i sit on complete of oversight and i ask many times questions both to fema, both to the u.s. government, to the government of puerto rico and every time they were trying to paint us this happy rosy scene when we knew better. we knew people were going without water, electricity. people were dying because of lack of dialysis. all these things. the president did not focus on puerto rico. if puerto rico had been a state, had been texas, florida, the president would have been all over it. because puerto rico is not a state, because i believe puerto rico is filled with democrats, the president just didn't care. instead what you saw was you know, the united states allowing its citizens to suffer for months. and they still ar

the pop-up president museum celebrating all things ice cream now lun runs through the end of septembertickets for the extended run go on sale tomorrow. >> stay here with us. the united states withdraws as we said from the iran nuclear deal. >>> we have definitive prove that this iranian promises was a lie. >> the sanctions is now imposing. imposing. >> plus the lava cleans flow ( ♪ ) your heart doesn't only belong to you. child: bye, grandpa! and if you have heart failure, entrusting your heart to entresto may help. entresto is a heart failure medicine that helps improve your heart's ability to pump blood to the body. in the largest heart failure study ever, entresto was proven superior at helping people stay alive and out of the hospital compared to a leading heart failure medicine. don't take entresto if pregnant. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor