alexander mackenzie has more. routine prescription drugs. us use them and suffer no ill effects. effects. lead to a crippling and potentially fatal addiction. fatal addiction. or medication following an operation. operation. dependent and some drugs are then cheap and easily available. cheap and easily available. medicines have risen by 3% in five yea rs. yea rs. the use of antidepressants has more than doubled in the past decade. than doubled in the past decade. and 8. patients, have been prescribed a potentially addictive drug. potentially addictive drug. massive problem in the united states. states. this new review by public health england will last a year. health england will last a year. needs to be done to prevent more lives being ruined by addiction. lives being ruined by addiction. alexandra mackenzie, bbc news. sexually abusing dozens of girls, is due to be sentenced later today. gymnastics and michigan state university. the bbc‘s rajini vaidyanathan has more. larry nassar has already pleaded guilty to te

that was tom mackenzie on that bitcoin trail in mongolia. look at with the coming year holds in store for the lion city of singapore. don't miss it. this is bloomberg. ♪ ramy: i'm in new york. haidi: i'm in sydney. you are watching daybreak australia. the head of the world's largest caterer is paying tribute to a family member who died in sydney on the last day of 2017. the chairman is shocked and saddened by the news, claiming that cousins was respected for his humanity. the latest on this incredibly tragic end to the year, what more do we know? >> nas for the cause, we don't know much for the moment but we do know the flight took off on the last day of the year. mr. cousins and family members heading off to an exquisite restaurant. the sea plane landed, they had lunch and on the return come of it plane crashed. the on say, sons, her daughter and the pilot all killed -- everybody on board. we don't know what went wrong. sydney seaplanes extending its condolences. the company has been running for 12 years during which time did not have a sin

tom mackenzie is looking at this for us. has been going on for so long, is it the chicken coming home to roost? drip feed ofeen a bad news. certainly this is not an insignificant cash crops. this came out at a meeting that agent a held at high and am. they also said that in the second quarter they didn't to divest some of their assets. this is a company that has assets as of june of last year of 190 billion u.s. dollars. including deutsche bank. short-term debt obligations are about 29 billion u.s. dollars. quite simply, according to bloomberg's calculations, the cash and earnings are not enough to cover the short-term debt. that brings up the question of what they do next. one strategist said this will come down to whether the banks are going to continue to fund hna. time is running out. rishaad: the conglomerate under this spotlight -- how are they dealing with this? certainly concerns by policymakers at some of the riskier barring. what they are trying to do is look like set a's stage. they have been in conversation with

back to thes get on some of the latest insights from tom mackenzie.ant to ask you what we can expect from chinese policymakers. management, ors what else is in their toolbox? it is always difficult to figure out what the pboc has up their sleeve. viewe a somewhat different on the removal of the countercyclical mechanism. i thought the pboc were happy with the structural way the andinbi complex was trading felt comfortable enough to remove it. that was designed to curb capital outflow. we don't see that picking up right now. we saw and that as a vote of confidence and were encouraged. u.s.e back of the stronger dollar, that is really driving the momentum right now. where is the line in the sand for the pboc? given the fact that they are in a happy spot right now with comments from central bank reserve places that these central banks are acquiring the yuan, i don't think they are ready to step in front of the party bus right now. i think the yuan bulls will be running wild in the china shop for the rest of the week and month. yousef: we understand accor

i am tom mackenzie.ian markets are shaping up this monday morning. let's get the latest with sophie kamaruddin. a weaker dollar story. we are seeing that lift the cross currency markets. the ringgit is gaining 0.1%, and the korean won at 10.62 of green back. we have equities continuing to rally. this as investors are continuing to see the corporate earnings share continue. the asian stocks are set for the 2016 very since march let's look at the nikkei 225, the best performers there. i want to highlight this company adding to friday's gains after they reported a 12 color -- third quarter beat for technology. fore is a strong outlook machine demand in the following quarter and a share price for the fed. that could regain ground. also its rival, the electric company. we also have this company gaining ground. it is acquiring -- thinking about acquiring asahi fire. komatsu leading machines lowered ahead of its earnings due out soon. fourth quarter demand has grown thanks to china and south asia. japanese stoc

tom: tom mackenzie, bloomberg, mongolia. ramy: good stuff from tom mackenzie. mongolia. south korea says hackers from the north are not targeting crypto miners to search for castle amid tough national sentence. ul says a unit seized a server in 2017 and mined about $25,000 worth of monero coins. the hackers seem to prefer it as it is focused on privacy and easier to hide than bitcoin. issuestransparency clearly not easing up when it comes to cryptocurrency. coming up, we will talk all things auto. electric cars in 2018. talking about the latest players. which if any can challenge clearly not easing up when it comes to cryptocurrency. coming up, we will talk all tesla's position at the top and become the new leader of the pack. also, taking a look at where some of the geographic hotspots will be for electric cars. this is bloomberg. ♪ ♪ haidi: this is daybreak asia. hyundai says stalling global growth and rising protectionism will dent demand in major markets. it and its kia affiliate is due to report sales later this tuesday and likely to fall short of predicti

tom mackenzie -- said it would retaliate. tom mackenzie, bloomberg, beijing.k: time for the biggest business stories in the news right now. profits beatr estimates at morgan stanley, driven in part by the bank's who hasanagement unit, climbed to a record thanks to the booming stock market. that is offsetting a 45% drop in the fixed-income revenue. a takeover in the hotel business today -- wyndham worldwide will buy a hotel franchise and management business. the price, about $1 billion in cash, repaying $750 million of debt before the deal takes place. off a realill spin estate investment trust. a dive for the struggling a380 program -- the dubai airline has bought more of these superjumbo planes at a list price of $9 billion. it has options to buy 16 more. earlier this week, airbus told bloomberg that the jet program risks being shut down if it doesn't get an order from emirates. the airline is the world's biggest operator of a380's. that is your bloomberg "business flash." right, what is up next? we are approaching the close. ftse is down, dax up .6%. check o

by mackenzie it because i see from. this is going to have the news coming to you live from berlin the thickest minute two friends of in syria enters its fifth day of the only road with turkey's allies in syria to kill a goodish militia away from the border and tookie is president and a join keeps up the pressure also coming up rallying supporters to take to the streets and build the as a key rule and former president who not just still awaits his fate an appeals court decides today whether he plays in jail. i'm with such a warm welcome to the program. there's been no letup in turkey's military offensive against kurdish militia in northern syria despite international calls for restraint kurdish forces currently control much of northern syria but it's often which you see here in the northwest which is the focus of turkey's latest offensive so why is often under attack turkey is engaged in a decades long conflict with the kurds with their demand for autonomy it feels threatened by the increased presence along its border an

tom mackenzie spoke to the we should at the ubs greater china conference.. >> we have guided investors in our series where we sell 20 or 30,000 cars. how much of it is down to have this replace the factories and buildout because we see this concept cars being launched at auto shows that when it comes to this, how do you manage to get over that? what are the challenges? >> data capacity for 102,000 cars so with a process of tilia now and putting all the robots and blind assembly, i think we will have as difficult a time with made treasury has tesla did, china is the king of manufacturing so it is a jvc know how to manufacture cars. >> you are squarely focused on the chinese markets but where are the biggest markets beyond china for the done the line? >> we are targeting to be in the u.s. in 2020 and we also had to europe as well. terms of the infrastructure in china, charging points are very important, what are you seeing in terms of the buildout and the starting point and ensuring that the arm can get from point a to point b smoothly and efficiently. >> we

by mackenzie it is as if a sassy quote i've only said that i caught going on with her being funded. oh shopping bombs on civilians. more troops the situation escalates it's no longer enough for schools. ruthless calculation military leaders were told the extent of the basket. technological response of the conflagrations massacre some structure coming in to her starting february third on t w o. o o. d n a vision of the future a long standing dream of humanity. the development of artificial intelligence that is the equal of humans few have described it as vividly as the science fiction author isaac asimov. it is a simple task for human ingenuity to look forward to a time when the machine may go out of our control altogether.

let's get with tom mackenzie in hong kong.e: opec and russia save will maintain oil production curves through 2018. they hint that they are ready to cooperate beyond that. the minister told bloomberg that were structured and's would stay until the market rebalances. neither he nor his saudi council will confirm the curve what extent into 2019. the international energy agency expects strong crude next year. we assume that corporation between our countries is long-term. regardless of whether it is in terms of the markets, market stabilization or other areas. our corporation is based on the agreements we have in china. years, we will.5 have implemented this. we have shown a very successful run. afghan security forces have ended the siege intercontinental hotel, killing the last of the six militants involved. at least 18 people died in the attack, including 14 foreigners. the taliban carried out the attack at the heavily guarded building that is popular among tourists and afghan officials. a new bloomberg survey suggests bank of j

correspondent,na tom mackenzie joins us for more.investors likely going to be focus on -- focused on? squarely in focus will be the for your number, six point 8% is the estimate for 2017. is the estimate for 2017. the fourth quarter number is expected to stop from the previous number of 6.7%. below that number you will get the likes of retail sales that will pick up 10.2% of the month of december in line with what you got for november. we will get industrial production for the number of 6.1%, also study -- steady. up 7.1xpected to come in percent. that would be the slowest pickup in fixed asset investment since 1999. we have a terminal g #btv 6323 that shows the monthly gdp tracker put out by bloomberg. the yellow line is the tractor. it is moderating somewhat. we did hear from him saying he expects growth and could top six point 9%. talking about strength in corporate profits, household incomes, fiscal revenues, those the -- those details that could propel. they are looking for the rest -- forward to the rest of the year. rose about

let's bring in our asia editor and tom mackenzie.r this discussion, let's start with you. let us know about the key messages. tom: he is an increasingly giving us a bit of a tease. he did not give us concrete details about what these reforms might be but said there would be a stepped-up approach to opening up the markets, particularly around the financial sectors. he talked about the tech problem and said it was in focus for policymakers. he said that being the fragile reduction and expansion in credit, which we saw towards the end of 2017. they will try to control the debt gdp ratio. said we will continue to open up and step up the place around the financial sector. we have seen those barriers lowered. there is excitement in beijing when you talk to banks operating there about opportunities. yvonne: why was he passed with delivering the speech. was he was quite -- it unusual that he was there last year. the first time a chinese president has taken to the stage. surprise that he was there. he is expected to take on the role as vice p

matt: that was vanguard group's chairman speaking with bloomberg's tom mackenzie. crypto, let's get more on that subject. ledger, has sold over a million units. these are hardware pieces. they announced this morning they would raise $75 million to grow the business. eric has grown businesses before. eric, thank you for joining us. that me ask you about ledger. explain the business. how does this product work? do you carry it around with you? impossible to hack? what is the idea? parts of the biggest crypto concerning -- cryptocurrency is security. you need a digital safe. product, itrdware is impossible to penetrate. it is going to secure privately. or physicala safe gold, you have a safe for bitcoin. you can keep it with you. what it does is keep your .rivate key which caters to owners of cryptocurrencies. we have sold a million units in more than 165 countries. matt: what happens if -- i once bitcoin in a wallet since 2012, and have not been able to find the password. it is worth more money now than it was then. what happens in that case? if that happened with on

i'm tom mackenzie. this is bloomberg.ishaad: headlines coming out. the finance minister in japan talking about a group not targeting currency rates. fxics rates, not fixed -- rates not fix. also trump talking about a specific partnership. he would join if you could get a better deal. trump waiting into the currency markets, wading into that debate over the dollar saying he favored a strong dollar after one day after his treasury secretary endorsed a different currency. mario draghi says someone was not playing by the rules. >> the exchange rate has moved reasons,ecause of namely the improvement in the economy. at have tor reasons th do with communication, but not by the ecb, but by someone else. notthis communication does -- not the ecb communication, but this someone else communication -- [laughter] >> does not comply with the agreed terms of reference. rishaad: no comfort for the dollar, saying the robust growth justifies a stronger euro, pushing it to a three-year high ahead of trump's comments. of prognosise ceo advis

alexandra mackenzie reports.e dorchester hotel. women were hired as table hostesses. there are claims they were groped, they were made to were revealing outfits and specific underwear and their phones were confiscated. madison marriage is the financial times journalist who went undercover to expose the dinner. multiple women told me they had been touched inappropriately, ranging from holding hands to touching their stomachs to hands near the bottom of their back, things which maybe you might not find too offensive, but then clutching their bombs, touching, kind of grabbing them, pulling them into their laps. one of the event organisers, david meller, resigned his position as a member of the department for education's board and, summoned to explain his attendance, education minister nadhim zahawi. he was called in to see the chief whip. 0n social media, mr zahawi said: he didn't stay long, he went home shortly after the hostesses were announced by the presenter and paraded around the room. i think that indicates t

that was tom mackenzie. thanks to lars peter hanson. with the bank's ceo. that will be 11:40 hong kong and 2:40 this afternoon if you are watching out of sydney. our interactive tv function as well, you can watch us live and catch up on past interviews and dive into series or bloomberg functions we talk about. become part of the conversation by sending us instant messages during our shows. it is for bloomberg subscribers only. make sure to check it out. this is bloomberg. ♪ this is bloomberg. ♪ ♪ this is daybreak asia. betty: a quick check of the business flash headlines, u.s. justice department lawyers have sought out farmers, a vote that is a $66 billion takeover of monsanto, creating stumbling blocks to the biggest merger everywhere in the global feed and crop chemicals industry. farmers who attended three separate meetings were interviewed about concerns over the deal. the buyers say they are confident in closing the deal this year. yvonne: tencent has held talks of getting a myanmar-based social group in london about commercial par

here is tom mackenzie.pec and russia say they will maintain all production curves through 2018 and they are ready to cooperate beyond that. energy -- the energy minister told us the structure would stay until the market rebalances but they would not confirm the curbs will remain through 2019. they anticipate strong growth this year. >> the cooperation between our countries is long-term. regardless of where is in terms of the markets, or other areas. our corporation is based on the agreements we signed in china in 20 16 in september, and i think over the past 1.5 years, we've been actively implementing this, and we have shown a lot of success, a successful run. tom: a new bloomberg survey governor kuroda is increasingly strong favorite to win another term at the bank of japan. the governor has been in charge since 2013, implementing an unprecedented stimulus program in an attempt to kickstart the japanese economy. the euro gained as germany social democrats voted to open formal talks with chancellor merkel.

. >> mackenzie, girl, laugh bigger! >> haha! >> of course, right now gigi is dating zayn.er her breakup with the weeknd, bella's recently been linked to kendall jenner's ex, basketball player jordan clarkson. yolanda's take on her daughters' love lives? >> you don't say anything. it's like you don't want your mom to tell you, don't date that person. this is your journey. this is your experience. >> well, as for yo lan da's love life, she toll us she has found love again. she's, quote, off the market with a businessman. >>> meanwhile navigating love in the public eye is also one of the themes of the emmy nominated series "victoria" on masterpiece on pbs. season two starts sunday, and we've got your sneak peak. >> i am not tired, albert. i'm angry. >> season 2, we enter victoria and albert's early marriage. the honeymoon period is over. >> the show follows the reign of the young british queen, the great-great-grandmother of current queen elizabeth, who inherited the throne at just 18 years old. >> long live the queen! >> the series is not only stunning with rich, layered sto

more bitter cold expected friday morning and many schools closed for yet another day, kids like mackenzie are making the best of it. >> daddy, should this be good? >> reporter: tammy leitner, nbc news, greensboro, north carolina. >>> an extraordinary moment in court today during the sentencing hearing of the former usa gymnastics doctor accused of molesting the young girls in his care. the judge tearing into the defendant, dr. larry nassar, who said he shouldn't have to hear all those victims' stories. nbc's stephanie gosk now with the latest from the courtroom. >> i know the truth. and i know i'm worthy of sharing my story. >> reporter: after two full days of emotional statements from larry nassar's accusers -- >> this man has broken my world. >> reporter: the former head doctor for the olympic gymnastics team wrote a six-page single-spaced letter. he's heard enough. >> this isn't worth the paper it's written on. there's no truth in here. it's delusional. >> reporter: in the letter, nassar says he can't handle the testimony emotionally and attacks judge rosemarie aquilina. >> judge aquil

will thing you know i really believe that somebody off outside like international agency of the mackenzie should. control this situation but now i see no now i see no because you know that i am in this direction during twenty years and i had no any contact is a person of international edge and see and even for example we had a meeting during common calls for for example during climate change conference and i tried to make it a question about this always still or not not my yup it's a military problem of past even no i. believe in two years in france and i have a possibility to contact with people in the national level and i sound some letters for some people in the national engines that i receive this conduct and know any ounce of i don't know maybe they're afraid me. so how worried are you that they could be another serious accident at my ak. you know every every day when i go to sleep i think about my yard my dear god save my yard because part of equipment are really all the and also on the commercial interest is much more higher than the interest of nuclear safety and you can security

by mackenzie it is as if say i said. in his closing remarks to the world economic forum in davos switzerland u.s. president donald trump said the united states is quote open for business and that america first does not mean america alone if george will stressing that free trade has to be fair and reciprocal companies from across the globe to invest in the u.s. of a reason. form a coalition talks between german chancellor angela merkel's conservatives and the social democrats have kicked off more than four months after the.

rishaad: thank you, tom mackenzie there in shanghai.e have a conference coming through from the intel chief executive, talking at the consumer electronics show. there he is, explaining what is going on with the impact of the security glitch, as it were, in their chips and others. this has led to what people have been talking about as a chip industry meltdown, there has been no reports of customer data being access. the extent will vary. he is talking about, the impact will vary according to workload. those are the lines coming through from the ces in las vegas. this is bloomberg. ♪ ♪ strategyis a has a new and heavy hitting partners are interested in a new concept car. we are joined by our auto -- our auto reporter. toyota is calling mobility is service. what does that mean? basically all of the legacy carmakers have this problem in that they don't want to end up being what ibm ended up being in the revolution in software, when basically ibm ended up making the box in which microsoft and other companies put their value-added software. t

went up by mackenzie it is as if to say yes it could i've only said it but i caught it going on within funded. g.w. church diversity. where the world of science is at home in many languages. on foot out of programming go on there you know. now with us our innovations magazine for in asia the us from every week and always looking to the future on d w dot com science and research for asia.

francine: that was ubs ceo sergio ermotti speaking to tom mackenzie.hat is what ermotti sees for 2018. still what does, athanasios vamvakidis -- still with us, athanasios vamvakidis and alberto gallo. is it overvalued? you are saying there are a lot of institutional investors waiting to come into europe. >> i would not say the eurozone is remaining here. all of the levels will tell you the euro-dollar a condemning equilibrium is about 1.20 to 1.25. you are almost thre. -- we're almost there. the recovery is ahead of the eurozone recovery. do not expect the euro to be so strong today. it's not a stretch position, but this position could be at risk. or, in the market, pricing repatriation of profits in the u.s. because of the tax reform. tehse are the two factors that could support the dollar in the short-term. francine: when you look at the kind of -- you were saying about the hawkishness of the ecb, that might surprise on the upside. what would that mean for the markets and the german bund? >> i think the market has been repricing europe since the elec

joining us now is tom mackenzie. good to have you on the program. may hoping to get out of this visit? trade deals is always the banner that every prime minister wants visits. to one of these i guess that is what she is after. yeah, you are right. the trade deals are certainly up there. number one and two. yeah, you aretrade deals and oe opening the door to potential future formal discussions with china on this fpa that will happen in 2019 when britain does finally leave the european union. those are two main goals. she has come here with a delegation of 50 business leaders from the likes of hsbc, bp, small and medium-sized enterprises making up 60% of the mix. she is looking to open up the market, particularly the chinese consumer. that is why she has food and beverage companies. she has said she would not shy away from talking about things like human rights and an eroding of democracy in hong kong. she started her visit in the central city of wiluhan. she will be meeting with a premier at some point in the next few hours and will hold a press conf

tom mackenzie joins us from beijing with more. what is likely impact of these new regulations? tom: regulators laying down the gauntlet in the new year with these new regulations, trying to clear out the risks of shadow banks, trying to tackle concerns they have in the financial system. what the impact is likely to be targets three key areas. and trusted loans held by banks, insurance firms and some of their lending practices, and bond trading. morgan stanley says the key areas of impact be the property sectors and infrastructure investment, which rely on these mechanisms and loopholes for fundings. those are areas to watch more broadly and over a longer time frame. we should expect to see a slowdown in the broader credit environment. they told us they expect credit still in 2018 to pick up by about 13%. moreis likely to be about targeted approach to credit. want to ensure it goes to small and medium-size enterprises. -- want to weeded out, weed it out. betty: give us details on the new roles that have been announced. clarify for

rishaad: tom mackenzie joining us from beijing.g up, assessing the concept of "business as usual" in china with foreign companies not feeling the love. in china chairman joins us next. this is bloomberg. ♪ rishaad: you are back with. "bloomberg markets." i'm rishaad salamat in hong kong. haidi: i'm haidi lun. exxon mobil ready to invest $50 billion in the next five years, bringing its spending back to levels before the oil route, with prices now around $65 in new york. darren woods disclosed the program that includes the basin west texas and new mexico, a focus of u.s. shale drilling, where exxon has been aggressively expanding for years. he says the republican tax plan has also fueled their plans. rishaad: revlon on the up in late trading. downhief executive stepped from a company struggling with losses. garcia had been in the jobless than two years. he is leaving to pursue other opportunities and plans to push sales to $5 billion from the current less than $3 billion. at fourth quarter net losses $80 million from $36 million a ye

let's get more on this with tom mackenzie in beijing.-- this is coming out in drips and drabs. exports ins and terms of u.s. dollars -- in december, up, you're on your. imports up 15.9% year on year. trade balance, $54 billion. that compares estimates of $37 billion for the month of december. the surplus came in net 45 billion u.s. dollars. we did get the overall 2017 numbers an hour ago. they painted a picture of a strong year in terms of trade for china over 2017. we saw exports up 10.8% in yuan terms. imports up 18%. a report from the customs bureau in beijing talking about the trade picture, saying it was better than expected. external demand remaining relatively strong. also pointing out some base effects. 2017 was a rough year in terms of trade for china. given that base effect and the relatively strong year we had in 2017, if the pressure on the numbers for 2018. the giver breakdown on the trade around north korea, a hot button topic. saying trade between china and north korea was down. a little over $5 billion. they also pointed

rishaad: tom mackenzie with rene buehlmann of ubs.onds, our next guest thinks sweet yields are made of these. that is next. ♪ ♪ haidi: bond traders are turning their focus to this week's crucial u.s. inflation data after friday's jobs numbers for short of expectations. us now is our next guest in singapore. great to have you. to the nonfarm numbers being a miss, and this week's inflation numbers, how much does that change the narrative for you in terms of what the fed does this year? >> the fed should be quite happy with those nonfarm payroll numbers. jobs growth was strong enough to confirm the recovery in the economy, and there was not any acceleration or inflation worries either. in terms of unemployment, it was roughly what the fed told us to expect when they published their dots. it does not put pressure on the fed to accelerate its pace of hikes come up but does not take away any hike probability either. -- pace of hikes, but it does not take away from any hike probability either. it is still gradual for the fed. haidi: does it

the beginning of the 1960s, and she achieved later success with her television role as constance mackenzieer one flag at the winter olympics games in pyeongchang next month. the news was announced by thomas bach, president of the international olympic committee. this was not an easyjourney, but thanks to the commitment of everyone here today, i am happy to announce that athletes from will participate in the olympic winter games 2018. the ioc today has taken exceptional decisions and allocated additional quota for 22 athletes from the noc of the, who will compete in sports and five disciplines in pyeongchang. our correspondent is in geneva where she says this feels like quite a moment. yes, it did. in fact it took place here in this room at the international olympic committee, thomas bach called it a milestone, he reminded us who were listening, that he too was from a divided country, he is from germany, which has only been reunited in the last two decades or so, so i think he personally took it as a real achievement that the two koreas will march under the same flag, they will field one un

the bulgarian struggled against american qualifier mackenzie macdonald, but came through to take a fifthhad looked beaten at one point as he lost the fourth set 6—0. rafa nadal came through his second round match comfortably. the number one seed won in straight sets against argentina's leonardo mayer. he reaches round 3 for the 12th time in his career. on the women's side of things, former world number one caroline wozniacki had an incredible three set win against jana fett of croatia. she saved two match points and came back from 5—1 down in the deciding set to make it into round three. but what about this for a story — 15—year—old qualifier marta kostyuk is the youngest player to reach the third round at a grand slam in more than 20 years. the world number 521 came past olivia rogowska in straight sets to face her fellow ukranian — the fourth seed elina svitolina in the last 32. that's all the sport for now. i will be back with more in the next hour. you are watching bbc news. much more to come, we will talk about prime minister's questions, where there was so minister's questions, whe

the beginning of the 1960s, and she achieved later success with her television role as constance mackenzie england are to be offered extra protection against attempts to silence them by people living in newly built housing nearby. the government is changing planning—guidance so that long—standing, but noisy, community facilities won't have to make expensive changes because of complaints from new neighbours. instead, housing developers will be responsible for addressing any noise issues during construction. sist /w-d sist /w—d the mandate on which he was elected, but approval ratings remain low, he has lost special elections in virginia and alabama and perhaps the ultimate test of mr trump's presidency will come later this year. with the midterms. —— virginia. hands on therapy is helping people come to terms with their experiences. 0ur ireland correspondent has been to see how it works. hello, wee man. donkeys and humans have been working together for thousands of years. now the animals are helping to emotionally carry people here on a particularly challenging journey. annelise was diagnose

tom mackenzie, we will get back to you in shanghai.ap the countdown to be seoul samsung is going to front and center, betty. we have been talking about the miss an earnings for the fourth quarter. -- in earnings for the fourth quarter. oneas a 1 trillion won mess. betty: we knew it might be kind of a flat year here for 2018. we suspect it will be. the numbers will pan out through the course of 2018, but sales underestimates. 66 trillion won. the estimates were for 67.6 trillion won. we are heading towards the korea open. much more ahead on "daybreak asia." this is bloomberg. ♪ yvonne: 8:00 a.m. here in hong kong. i am yvonne man. asia." to "daybreak the top stories this tuesday, asian stocks set to build on more wall street records. japan returned from the holidays with the nikkei shooting for 24,000. fourth quarter miss for samsung as it loses its momentum in chits and takes a hit from a somber won. betty: from bloomberg's global headquarters, i'm betty liu in new york, where it is after 7:00 p.m. on monday. president trump said to be

tom mackenzie joining us live from beijing. also played a big role in the selloff that led many to hop on the u.s. on's bear market bandwagon. how much of a factor will it be? let's get more from kathleen hays, she has a look at the week. some are saying the 30 year bull market and u.s. treasuries ended. and what about china, how do they factor into this? kathleen: let's take a look at that first. this is one of the stories i find the most interesting, even though it may not have as much impact as it did for 24 hours, the day before yesterday, when bloomberg news broke a big story. an official says officials were looking at china cutting back on their purchases of u.s. treasuries. maybe all of them altogether. that prompted a big global selloff. came in andn i looked at my bloomberg on thursday morning u.s. time, i saw a big story saying the foreign exchange association in china is saying the story about halting or slowing bond cited a wrongd -- source. that one gave me a chuckle. a couple departments and china are disagreeing

. >> that was the ubs group ceo sergio ermotti speaking exclusively to bloomberg's tom mackenzie.aid to be discussing a large plane order from china during the french president's state visit this week. sources say talks are focused on 30, although the a3 the size of the order is not final. has approachedup brokers about the sale of two office buildings as it seeks to cut its debt word in. tots missed payments due chinese banks, prompting lenders to freeze the borrowers unused credit lines. impact forbuying $1.1 billion upfront and payments contingent on regulatory approval for new medicine. impact is developing a drug for treating blood cancer and bone marrow disorders. the company has been under pressure to replace revenue from its cancer treatment before copycat drugs eat into sales. your bloomberg business flash, a quick preview of what is still coming up, the saudi government and the salary hikes. citizens should have plenty of cash to spend in theory, but will they use that money to buy stuff? we will break it down in terms of what it means for corporates. how will investors

tom mackenzie joins us from beijing.s pretty well, one offsetting the other. ,> it seems quite fortuitous like they have hit a sweet spot. credit growth did slow substantially for december. supply, that is up 8.2%. the forecast had been 9.2%. that is the lowest growth in money supply on record. potentialint to the risks around this at deleveraging campaign as they try to pull out some of the credit into the system. as you say, offsetting the pain is this global growth environment we have been talking about, and the fact we saw exports picking up for november a 13% china posting annual increase in terms of the surplus with the u.s., so that will be key to watch as policy makers roll out these regulations just since the beginning of the year. we have seen them ramp up the regulations around insurance companies, banks, and we heard more on that over the weekend. this will be key to watch. it is about this balance. the chinese government said they're willing to accept a slightly slower growth picture next year. externaloment

let's look at the latest from tom mackenzie. about the revelation surrounding age and day. how significant is the latest development? tom: the revelation seems to be coming on a weekly basis. it throws into sharp focus the financial challenges that this conglomerate is facing. this came about from a meeting. they outlined some of the financial struggles, including this short term shortfall of 2.4 billion u.s. dollars. they said that in the second quarter they expect the pressure to ease. it does raise the question about the viability of the business itself, it is a business that has $190 billion worth of assets, including in companies like deutsche bank and hilton worldwide. short-term debt obligations are around $29 billion, bloomberg has been punching the numbers and says that according to our findings, it is cash and earnings that is not enough to cover short-term debt. this is a question of whether or not the banks are going to issue more funding for hna to tie the motor -- tie them over. the clock is ticking. >> it certainl

kron4's haaziq madyun has the details sot mackenzie/metr opolitan transportation commission: "alln favor say aye...aye">the resolution has been approved. the metropolitan transportation commission's bay area toll authority, regional-measure-3 will be placed on the june ballot in all nine bay area counties. it is $4 & 1/2 billion dollars worth of congestion relief projects that would be paid by increasing the tolls on the bay area's seven state owned bridgessotsot mtc spokesperson randy rentschler describes how that $4 1/2 billion dollars would be usedsot