manus: thank you, debra mao there.united states they have approached levels we have not seen since october, 2017 after meaningful -- after a lack of meaningful progress in a trade talks. -- there is a raft of u.s. data in core pce due later this week. laurence mutkin, global head of g10 strategy, bnp paribas. we are seeing momentum, this wave of money moving to treasuries, and breaking below the 200 day average. iss is where the market beginning to say, are we moving into a new leg lower in treasuries? i look at the data and see the shorts are beginning to pile back in here. who is right, fast money or smart money? andence: i think fast money smart money must be the same. the reason the treasury market manages to defy gravity is because in a funny way we are looking through the lens of other markets, and everything that is risk off is good for treasuries, and everything that means yields will go down is good for treasuries. we have this weird thing going back a week and a half when a trade talks started to look less pr

on this side, we have some photographs of a young males a mao zedon there wasg. -- mao zedong.len took these pictures when she stayed and interviewed him. most of them do not see young mao zedong, but these are pictures that she took in that donated to hoover. as a quite interesting item. generalthe diary of a who worked in burma and in china on the burma road and worked with shane kai-shek. kai-shek, called " in what their ulterior motives were. >> this is one of my favorite documents that we have in the archives here. this document is from the collection of raymond, a renowned speechwriter for fdr, so he was part -- part of franklin delano roosevelt's brain trust. if you look at this document closely, you can see that it was actually the first draft of the speech in which he coins the term "the new deal." it is a bit ironic that this ends up in the collection of herbert hoover. fdr and herbert hoover were political -- well, they were not allies. that's put it that way. in 1932, fdr, by a landslide, beat herbert hoover. so how does this get here? once the new deal went into pl

nejra: debra mao in hong kong, thank you. investors are banking on a rate cut, investors are taking a rate and see approach. as always, when you're traveling to work, tune into bloomberg radio on your mobile device or dab digital radio in your london area. i will join you there at 8:00 a.m. this is bloomberg. ♪ nejra: this is bloomberg daybreak: europe. i'm nejra cehic in london. minutes after the policy meeting, officials expected patient for some time. no insurance cut. increase trade tensions are a concern, but he's undivided about when the next move should be a hike or a cut. take a listen to disease and some of his colleagues. >> there is a lot of uncertainty and whether it's about how slow the global economy will be or whether brexit will or won't work. or what will be the end result of tariff discussions. those things all put a damper on reaching for more and in growing more quickly. >> if it's short, i don't see much impact. if it's long, i think american businesses are going to figure out how to navigate in a world w

she took these pictures and most people don't see young mao but these are original pictures that shek and developed and donated to hoover. next, it was quite an item.sting this is the personal diary stillwell who worked in burma and in china andhe burma road worked. by the way, the diaries are also a very popular item here. this indicates day by day general stillwell's interactions and the kind of fraught relationship they had. they didn't like each other and in this diary he refers as peanut and he says other things about general diariesl in his also. what you have here is an interesting ability to look at both diaries at the same spokend see how they about each other, what they were trying to do and what were.ulterior motives >> so this is one of my favorite documents that we here.n the archives this document is from the collection of a gentleman mulley and he was a renowned speech writer fdr so he was part of roosevelt's brain trust and if you look at this document closely you is actually it the first draft of the speech in which he coins the term the new deal. ironic that this do

parts of the collection come from journalists who traveled to china in the 1930s and traveled with mao and this collection comes from a woman named nim wales, her nom de plume. she went by the name of helen foster snow and her husband who wrote red star over china traveled to china and interviewed mao. she took these pictures when she interviewed him, and most people don't see young mao but these are original pictures that she took and had developed and donated to hoover. next, it was quite an interesting item. this is the personal diary of general stillwell who worked in burma and in china on the burma road. by the way, these diaries are also a very popular item here. this indicates day by day general stillwell's interactions and the kind of fraught relationship they had. they didn't like each other and in this diary he refers to him as peanut and he says other things about general stillwell in his diaries also. what you have here is an interesting ability to look at both diaries at the same time and see how they spoke about each other, what they were trying to do and what their ulter

on this side, we have some photographs of a young mao zedong.ome of our most interesting photographs come from journalists who traveled to china in the 1930's and traveled with him, and this collection comes from a woman named nim wales, her nom de plume. she went by the name of helen foster snow and her husband who wrote red star over china traveled to china and interviewed mao. she took these pictures and most people don't see young mao, but these are original pictures that she took and had developed and donated to hoover. next is a quite interesting item. this is the personal diary of general stillwell who worked in burma and in china on the burma road and worked with shanghai scheck. by the way, shanghai scheck's diaries are also a very popular item here. this indicates day by day general stillwell's interactions and the kind of fraught relationship they had. they didn't like each other and in this diary he refers to him as peanut and he says other things about general stillwell in his diaries also. what you have here is an interesting abili

nejra: thank you, debra mao in hong kong. trump has encouraged the fed to match china's central bank action by pumping money into the system. former fed chair ben bernanke says the u.s. could turn to quantitative easing again if needed. >> the fed would not be eager to jump right into on a date of easing because of the political complexity, and because it involves operational issues as well. i believe, given the experience we have, not only the u.s. but other countries have used this effectively, given the side effects that were predicted have not appeared, i think the significant downturn, the fed would be willing to undertake more asset purchases. nejra: this is the federal reserve governor, he says that fed might let inflation overshoot its 2% target even if trade tensions are behind the price increases. new kashkari also said a review should acknowledge the fed has been too tight in its recovery, resulting in a slower recovery than necessary, and low inflation expectations. lots to discuss. that get back to viraj patel, f

here is debra mao in hong kong.print arebile and reportedly planning concessions to get there are over $25 billion merger over the line. bloomberg have learned these include asset sales and service guarantees. it follows talks with the federal communications commission. they should help ease the process for regulatory approval. the sec and department of justice both have to sign off on the deal. -- fcc and department of justice both have to sign off on the deal. -- that is according to the new york times. moves occurred in 2016 and 2017 and also involved the president's son-in-law, jared kushner. recommended the matter be referred to the treasury department but bank executives rejected their advice. past withud gaming microsoft surprised the industry but none were reportedly more surprised than the employees of sony's playstation division. fightingt two decades the software giant. they also spent seven years developing its own cloud gaming offerings with limited success. and that is your bloomberg business flash. an

jinping at the moment is regarded as the strongest leader that this country has had since chairman mao and of course president xi jinping is arguing forcefully this is one of the reasons why china needs to strengthen its military to buy more aircraft carriers and i'm the man to help you stand up to the united states lots more still to come for you here on al-jazeera including fasces exiled former president is offering to return home also one of latin america's most polarizing politicians goes on trial over allegations of corruption. the web sponsored by cattle. hello there we've got plenty of unsettled weather across the middle east at the moment plenty of clouds showing up on the satellite picture over parts of iraq and iran and all of that drifting its way eastwards we're going to see more showers as we head through the next few days as well showers and storms from those systems and they will gradually edging their way towards the east so that system then becoming more confined to the east as we head through thursday and the weather calming down for us in tehran with a maximum temper

jinping at the moment is regarded as the strongest leader that this country has had since chairman mao and of course president xi jinping is arguing forcefully this is one of the reasons why china needs to strengthen its military to buy more aircraft carriers and i'm the man to help you stand up to the united states still had their own children who are born and brought up in bengal bash are being denied a formal education. so why something as well as her turning to find a miracle they desperately need. hello there all storms are still rumbling away across parts of europe the satellite picture shows the huge system we have with us here over parts of turkey and then all the way across eastern europe and buckling back down through the central belt and it's here where we've seen some of the worst of the weather the southern parts of germany through parts of switzerland and austria have seen a lot of heavy rain and some flooding and that is gradually now edging its way towards the east you can see a little circulation developing in that little area of low pressure so we are expecting more h

debra mao in hong kong.hank you very much. coming up, we are live from pimco's company headquarters in california. watch our exclusive interviews with top executives. exclusive conversation with the dim co-ceo and the cio. where to next and the great bond story. that is 7:00 p.m. london time. ♪ manus: it is bloomberg daybreak: europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in london. the risk off picture we are seeing today. selloff in the u.s. yesterday translating to a selloff in asia today. the msci pacific index down 0.6% as global bond yields continue to fall. the 10 year aussie yield below the rba cash rate. the 10 year yield in the u.s. at a 2017 low. how quickly before we get to 2%? manus: there's not much difference. bund future's rallying the highest level since 2016. if you want haven-itis, you have it. the dollar tix higher for a third day, the biggest three-day gain in more than a month despite a drop in the short end of the curve. equity futures trading at a two month low -- 2.5 mont

chairman mao the long march to of course both the communist to power 70 years ago this year and a lot of people analysts are saying that in many ways this friction between china and the united states right now is very much for laying into president xi jinping hands because president xi jinping at the moment is regarded as the strongest leader that this country has had since chairman mao and of course president xi jinping is arguing forcefully this is one of the reasons why china needs to strengthen its military to buy more aircraft carriers and i'm the man to help you stand up to the united states argentina's former president cristina fernandez de kirchner has appeared in court on the 1st day of what's expected to be a year long corruption trial that happened this days after she announced she was running for vice president later the share price about reports on s.r.s. . she was argentina's president for 8 years from 2007 to 2015. 4 years later cristina fernandez that continues to be one of the most important politicians in the country. now she's on trial for her alleged role in a corr

debra mao there in hong kong, thank you very much. i want to finally bring you one more piece of breaking news from ap moller-maersk the global shipping company that missed on revenue and profit for the quarter. and also forecast lower profit for the year than the street was looking for. it now says it will buy back $1.5 billion worth of shares over the next 15 months. this is a company that has faced a tough time due to essentially the trade war, according to the ceo, and the macroeconomic .utlook for the global economy it will buy back shares to the tune of $1.5 billion. let's get to mark cudmore, joining us out of singapore to talk about what is going on due to the trade war in the markets. equities in asia had losses but remain on track for a third week of losses. it has not been a good month globally for equities. mark, donald trump in the past it was a glitch that caused the fourth-quarter .ollapse of markets that we saw is this more than a glitch, the drops we are seeing over the last three weeks in global equities? mark: yes i

went through contortions to avoid asking to see mao. he had given orders, we now know, to bring me to him. as soon as i asked for it. but i never asked for it. so, this was the problem of internal relations in our president nixon was absolutely right when he said that to himself. >> you have gone on to say that the co-evolution between china and the u.s., you say it is very hard to have regular dialogues because when you take a conversation of a typical american president and a typical chinese president, the american president has 10 issues he wants solve, and the typical chinese president has 10 destinations he wants to get, so there is a difference of perspective. let's talk about today, if you will, where we see russia and china having some common interests in having a conflicting relationship with us. same openinghe that you sought to reestablish relations with china, do you see china and russia being drawn together because of their conflict with us? in oursinger: well, period -- kenneth: today. mr. kissinger: yes, the period en whi

it's often said that the chinese revolution was a peasant revolution that is basically true mao sort ways of engaging presence through for example using traditions of opera. if. the problem about socialism in backward countries was that although it aspired to give people decent conditions of life it effectively meant squeezing the population for the resources that were needed to build a strong and austria and military state. not just marx every chinese person knows him. here you know marxism leninism is the basis of our political system. your songs you know we had big posters of marx at school that's how i came to know marxism right now my focus is on my own quality of life that's enough for me to go and make sure you. give us your bottom to be honest i believe marxism is slowly being forgotten right now all. you got. to go these are the so-called. the chinese government is investing a great deal of money to popularize marxist ideas in the form of books modern media and even its own t.v. show. and when young children come into the team we hold. many young people wrote to us after the

we go to debra mao in hong kong. uber has just raised over $8 billion in its ipo after pricing shares near the bottom of their marketed range. this gives the ride-hailing giant a market of around $75 billion, just below its last private valuation. uber is hoping to avoid the whipsaw lyft saw in its first few days of trading. the private sector space race is heating up and the world's richest man says it is time to go back to the moon. jeff bezos has unveiled blue origins' potential lunar lander, blue moon. he told the presentation that it has been too long since an astronaut walked on our nearest neighbor. he hopes missions can start by 2024. early results indicate south africa's ruling african national congress will just secure a majority, enough to give the president a definitive mandate, but curbs the party's quarter century monopoly on power. numbers show a tight race in the profit -- province that contains johannesburg and pretoria. breakthrough in europe, this is not brexit, but british football. for the first

debra mao in a gloomy hong kong.at pictures from china's ministry of commerce, giving us regular briefing. a number of news lines coming through, but an interesting one. china has ample policy tools to cushion the trade war impact. well prepared to counter u.s. bans on chinese companies. my eye is wetook are wondering just how china will retaliate to the action we have seen. they were saying this morning that the chinese government will protect american companies interest in china, which is an interesting line. so those pictures coming to us from the ministry of commerce over in china. several failed turnaround plans, several new ceos, and falling shares prices means a difficult few years for deutsche bank. investors are directing anger at the man who has been there all along. bloomberg sources say they have discussed pushing for his exit, setting the agm to be a tense affair. joining us from frankfurt is annmarie hordern. good morning, it seems noisy behind you. what can we expect today? annmarie: lots of protesters

on this site we have photographs of mao zedong, one of the most interesting connections -- collectionsearly communist china coming from journalists who traveled to china in the 1930's and traveled with mao. this comes from a woman named wells and or foster stowe. she took these pictures with him and interviewed him. most people don't see a young mao zedong that these are original pictures she took and donated to hoover. is a quite interesting item. this is the personal diary of general joe stowell who worked in burma and in china on the burma road and worked with chang kai-shek. his diaries are also very popular here. he indicates day by day the interactions with chang kai-shek and the fraught relationship they had. they didn't like each other. he refers to him as peanut and chang kai-shek says other things about general stillwell. when you have is an interesting ability to look at both diaries at the same time and see how they spoke about each other, what they were trying to do and what their motives were. this is one of my favorite documents in the archives. this is from raymond mull

that surely is reminiscent of now —— mao. associates. that surely is reminiscent of now -- mao. not help for anybody, including xi jinping china and it would not help for anybody, including xijinping but i think a stronger leader, a more centralised leadership, given the challenges today, may not be a bad thing for china. so it really depends on whether we look more profoundly into the realities in china. the reality in china is something you know well. you live there. this new app that many millions of chinese have been required to download and use in the last few months, it's called the study the great nation app and it's devoted, let's be honest, to the image of xijinping. as a respected academic, have you downloaded and killed in the study the great nation app7 killed in the study the great nation app? i have not downloaded this app at all. the fact that there are more than 100 xijinping at all. the fact that there are more than 100 xi jinping thought institutions or academies being set up institutions or academies being set up in recent years probably won't reflect the emot

debra mao is in hong kong.f cisco systems has told bloomberg it is hard to say if wally being sidelined will help his business. chuck robbins said u.s.-china tariffs have so far only had a nominal effect on pricing. >> if we can mitigate it, we will pass through pricing. our teams did an amazing job over the last eight months and put us in a position where the latest 25% had a nominal effect from a pricing perspective. they did such a good job of optimizing our supply chain. debra: the french finance minister wants renault and nissan to strengthen their ties. he called on the two companies to advance, progress, and consolidate their alliance. their partnership has been rocky since the arrest of carlos ghosn triednancial misconduct he denies all charges and pretrial hearings start later thursday. football's governing body has scrapped plans to expand the 2022 world cup to include more teams. growing the tournament from 32 to 48 countries would have to much impact on post qatar. the world cup will not be expanded

jinping at the moment is regarded as the strongest leader that this country has had since chairman mao and of course president xi jinping is arguing forcefully this is one of the reasons why china needs to strengthen its military to buy more aircraft carriers and i'm the man to help you stand up to the united states the u.n. says most of the people who fled venezuela's political and economic crisis are in need of refugee protection and is urging governments not to deport them 3000000 have left the country since 2015 as the economy crumbled a power struggle is can. when you're in between president nicolas maduro and the opposition leader on why don't the u.n. refugee agency says between 3 and 5000 venezuelans are still leaving every day almost half a 1000000 people have sought formal asylum mostly in other latin american countries this russell is a spokeswoman for the u.n.h.c.r. she says for many venezuelans the decision to leave is agonizing then as well as in many cases are unable to go back home they're suffering from the point of view of persecution but also deterioration in the con

debra mao is with the team. debra: democrats have moved a step closer to reviewing president trump's financial record after a judge ruled that they can demand the documents through the judge rejected the claim that congress is not seeking them for a legitimacy -- legitimate reason and is not entitled to them. turkey told banks to wait a day before settling some large foreign currency purchases area this is the latest move to defend the lira admitted controversial rerun of local elections in istanbul. president erdogan's family is seeking to keep control of the nation's economic powerhouse after losing it to the opposition. iran has accelerated the rate at which it is enriching low-grade uranium. this comes weeks after threatening to gradually scale back its commitment under the 2015 nuclear deal. have increased in recent weeks and response to your sanctions. donald trump will the u.s. out of the iran deal year ago. -- pulled the u.s. out of the rent deal year ago. passed family said he away peacefully after havi

let's get to debra mao in hong kong. debra: thanks.t chrysler is going to announce a tie up with renault it may come as soon as today and this could lead to a full merger, creating the world's third-biggest automaker. mitsubishieting with and nissan are not involved although they could be invited at a later date to join the firm. nomura lost a bond underwriting deal following a ditto leak. five issuers dropped the bank. they faced penalties after employees shared stock information. this comes when japan's biggest brokerage is already reeling from its first loss in a decade. five banks are named in a lawsuit seeking damages for alleged forex collusion. the action was filed in australia. it claims they colluded to rig exchange rates, boosting profits at the expense of australian businesses and investors. the banks didn't immediately respond for comment. that your bloomberg business flash. manus: thank you very much. the founder of the ceo of while way -- huawei. they conceded trump's actions will hurt but the firm is in 5ged to keep its

jinping at the moment is regarded as the strongest leader that this country has had since chairman mao and of course president xi jinping is arguing forcefully this is one of the reasons why china needs to strengthen its military to buy more aircraft carriers and i'm the man to help you stand up to the united states people are support abortion rights have marched in cities across the u.s. senate show of force against conservative efforts to restrict the procedure our desire is headed your pastor has more. well you got it i was. right. c on the 100th anniversary of the house giving women the vote in the united states women and abortion rights activists in cities across the country took to the streets to say their battle is not finished does anyone here think the women in this country will stay silent while our rights are being taken away from us. they march to protest abortion restrictions recently passed in conservative states 256 nays one alabama's new law is the most extreme it bans abortions except for when a woman's health is at risk making no exceptions for rape or incest this was

jinping at the moment is regarded as the strongest leader that this country has had since chairman mao and of course president xi jinping is arguing forcefully this is one of the reasons why china needs to strengthen its military to buy more aircraft carriers and i'm the man to help you stand up to the united states. a british based chip design is reportedly suspending business with the chinese company huawei staffa been told to pause contracts and any pending engagements to comply with the u.s. regulations arm is owned by japanese invest the softbank it's one of the u.k.'s largest tech firms the u.s. recently added huawei to a trade blacklist which curbs its ability to do business in america and that comes off the trade tensions escalated between the u.s. and china a woman who support abortion rights have marched in cities across the u.s. in a show of force against conservative efforts to restrict the procedure. castro has more. well you got it i was right. c on the 100th anniversary of the house giving women the vote in the united states women and abortion rights activists in cities

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debra mao in hong kong, thank you so much. gender equality is not just an ethical issue, it is also good business. is here.r -- summit what have you been looking at? >> data on working desk companies that are working to make sure they are gender equal. we have a number of companies weresantander, adidas, who at the equality summit. these are companies that are devoted to gender parity and beth -- best actresses. it is outperforming and 13% year to date. while it is an ethical issue, it is also big -- good business. one of the topics we have been discussing all your when it comes to a quality has been the gender pay gap. this is the second year in a row that the uk's requiring companies to report 10,000 -- report. 10,000 companies reported. not a lot of proper tests have been made. some of the bunnies paying women more -- companies paying women more here. a number are still falling behind where men are being paid more than women and that , and anglobc american. also on the ftse 100 companies, the number of women leading has dro

39 year old specializes in sculpting images of famous faces on to his clients heads such as chairman mao. bruce lee. it's a form of art it's about daily life but it goes beyond that it's very challenging to use here to show an image on someone's head but i'm someone who rather likes challenges. one started her sculpting 4 years ago and he's gained a loyal following since then this 28 year old regular has requested a tribute to england football legend david beckham. people all know that david buik amuses symbol of fashion entering eunice. so today i want to have easy image on my head which means i can be as fashionable is even higher. wiring takes about an hour to complete a hair sculpture like this and it doesn't cost more than a regular haircut which is lucky for his clients because the hairy art works start growing out after about a week. that's it for today there are more stories on our web site good of you don't com slash asia and be sure to check us out on facebook as we. leave you now with some images from kyoto that's spectacular costumes at the hour we festival of the ray wire th

fundadora le u gustaria que no existirera un u sudadera antibalas la diseÑo s despues djrgen damm asalto a maoilia c creo estos productos aprobados por el instituto nacional de s justicia >> recibieron carta de escuelas que quieren estos productos las empresass ya ofrecen tallas pa niÑos la compaÑia dona uno a un maestros de escuela publicoa r ahora un adelanto con blanca >> gracias muy buenas tardes sn provocacion fue victima de una agresion le diremos por que y todo quedo captado en camara su meta era satisfacer sus oscuras fantasias sexuales ademas la e agencia no lleve a inmigrantes del peligro esto y mas desde las cinco en noticiero telemundo 48 regresamos con ustedes al e estudio >> gracias por la informacion y todo esta listo para la pelea n entre casaul 'canelo' alvarez n dnda daniel jacov podrb podra verl e telemundo deportes y titulares y mas >> en telemundo deportes y la a pagina de facebook telemundo p deportes transmitira live's en v vivo y en directo un fin de semana con muchos eventos y el f fin de semana es el cinco de y mayo varias personas tendran f s fef festivales >> asi es

just like mao's, they will ultimately win all of this and it just, when you start to beat the drums ofen if they're at low range like this, how do you prepare for that? how do you cut that off from becoming louder? >> you make a good point. huawei does really key on a security risk. there is no question, newt gingrich and others talked about this at length, there is no question the 5g competition is critical. the analogy to 41 which you make which is not invalid at that time japan was looking to extend out a sort of hegemonic presence across the region. many think the belt and road is essentially a hegemonic move to essentially do the same thing so we have to push back. there is many a slip between the cup and the lip. just because you get to be highly competitive on the economic front there is some trigger moment it becomes military. this is very incremental effort. this is number one and number two economies in the world. they don't want to go to war. it would end poorly and that is not going to happen. charles: thank you for your expertise. >> yes, sir. charles: vice president is in

. >>> the man accused of maoing into eight people at a sunnyvale intersection appeared in court today. isaiah peoples charged with eight counts of attempted murder. police say he intentionally drove into pedestrians last month. eight people were injured. he allegedly told police he was on his way to bible study. investigators launched a federal hate crime investigation. they believe the army vet may have targeted the victims because he believed they were muslim. >>> we're getting a first look at the giant nets being installed at the golden gate bridge as a suicide deterrent. >> reporter: it is one of the most beautiful structures on the planet. and it has this dark side that claims lives every single year. there has been a long fight for a suicide barrier on this bridge. >> kyle jumped off the golden gate bridge on friday, 11:45 am. the devastation is unimaginable and heartbreak is forever. it will always be with us. >> reporter: it was a collection of surviving parents and siblings who-ed deliver our first look at a project that has been talked about for generations. a 300-foot long

illelegal loggg g remains a mao prproblem. phylylis wambui's s crops arnt doining well. phylis: we are suffering bauause thehe droht. we havave to buyatater now, ad it's verery expensive.e. it's hard fofor us. we n need water fofor our vegets anand our animalals. reporterer: but now ththat she a bibias plant, at least she doest t have tbuy y fiwood anymore. frfrying eggs fofor the childn after scschool takes j justa moment. phylisis will haveve paid offr loan in onone's year timime. she dodoesn't regret the investment in the slightest. the biogas plant has changed her life for the better. host: word has it that nightlife in the georgian capital tbilisi is among the best in europe. for the country's young people, the city's clubs are islands of freedom. but far-right groups, the orthodox church, and reactionary elements in the government disapprove. the party scene is feeling t heat, th frequendrug raids eand the threat of lengthy jail sentences.. in tbilisi, the situation is escalating into a culture clh between traditionalists and a more liberal younger generation. repo

on this site, we have photographs of a young mao zedong. -- thise of the collection comes from a womane also went by the name of helen foster snow. she and her husband traveled to china and interviewed him. she took these pictures when she stayed with him. many do not see this leader as a young person. next, there is an interesting item. this is a personal diary of general stilwell who worked in burma and china on the burma road and worked with jen kai-shek. his diaries are also a very popular item here. day by day his interactions with him and the fraught relationship that they had. they did not like each other. what you have here is an interesting ability to look at both diaries at the same time to see how they spoke about each other. what they were trying to do and what their ulterior motives were. >> this is one of my favorite documents that we have here in the archives. this is from the collection of a man named raymond. he was a renowned speechwriter for fdr. he was part of his brain trust. documentok at this closely, you can see that it is actually the first draft of a speech in

debra mao is with the team in hong kong.executive is reportedly hanging in the balance. this has the luxury carmaker steers toward a future of electric and autonomous vehicles. we have learned some on the supervisory board are questioning whether he is the right choice to lead the company. 12 employees in its equities division in new york. the dismissals were across the firm's research unit and the electronic trading divisions. the lender is speaking -- seeking to reverse a plunge in equities trading revenue in the first quarter. street haveoss wall faced similar pressure in recent months. settling a tax evasion case with italy for 100 million euros. the agreement may come in the next few weeks. the swiss bank says it faces claims from tax authorities regarding its authorities over five years starting in 2012. three months after ubs was ordered to pay more than 5 billion euros for helping french clients launder their assets. that is your bloomberg is this flash. thank you. not to international relations and bloomberg has spo

debra mao for us in hong kong. let's talk about one of the companies that has reported numbers this morning, easyjet expecting revenue at constant currency to be slightly down in the second half. in a statement, the airline sites brexit related uncertainty and a slowdown in europe. joining us now is the ceo of easyjet. the way talked about that brexit uncertainty is in theg on consumers past. have you seen any improvement after we saw an extension in october? is there that bright spot or is everything still as it was? >> i think it is very to say that there has not been any significant surge following the extension of the brexit to october 31. i do think there are a number of factors at play here. not only have we had the uncertainty around the brexit and what that means for flying, but also the macroeconomic factors that have been deteriorating in the countries where we have been operating, but all in all, to counter that, if you are looking at the summer when it comes to easyjet, we have some 3% more passengers f

let's get the first word news with debra mao.ra: china's exports unexpectedly fell in april as imports rose. this was before the abrupt turn in trade talks that had led to a free escalation of the dispute with the u.s. the china hawks in the white house are gaining the upper hand. these latest of elements raise the prospect that talks could collapse entirely. warming -- is warning investors to prepare for higher treasury yields. he said they often missed turning points in the market and told the board to think about yields climbing whether they hit 4%, 5%, or even higher. he is inclined to give a forecast of where they are heading by years end. 2.45 ornk the tenure at whatever is extraordinarily low. governments bought $12 trillion of sovereign debt, [indiscernible] 4% when you're having good growth is not a bad number. >> iran is scaling back on the comments made on its nuclear pact. they submitted a letter to the nations that a party to the deal. the -- in response to the u.s. rack -- ratcheting up pressure. governments import

nejra: debra mao in hong kong come, thank you. growth, compass group increases revenue growth guidance. we speak to the ceo dominic blakemore. that is next. this is bloomberg. ♪ a.m. in london, 40 minutes away from equity opening in europe. i am nejra cehic in london. in ouri am manus cranny dubai studio. we have had a lot of movement in markets, we have a corporate report from the compass group reporting adjusted profits, 951 million pounds. growth will be higher for the year. let's get the man with the details. dominic blakemore, ceo, compass group, where is strength most pervasive? which country has the most strength coming from? dominic: good morning. 6%are pleased to announce organic revenue growth this toning which is the largest raise our guidance. all of our regions were in growth, with north america growing. the u.k. 11%. we are really pleased with broad-based growth across the group. the north american region, it is significant we are seeing such strong growth from that market. to yougreat to speak this morning. i am hea

let us get the latest update from debra mao. helped, china has holdings of u.s.to the lowest levels since 2019, a slight reduction of about $10 billion, but it was an effort to hit the two-year low -- enough for it to heat the two-year low, flashing those holdings is your by some as the nuclear option in the trade war dust flashing pros holdings. revealed hathaway has that it will that on amazon. warren buffett disclosed a wager on this earlier this month. the company also ramped up bets hat.j.p. morgan and red it cut its stakes in southwest airlines and wells fargo. telescope has agreed to a 200 million pound rescue loan, as the u.k. tour operator grapples with mounting debt. the company has received multiple bids for all or part of its airline business. and offered it for sale in a bid to raise cash. is has higher fuel and hotel costs are expected to impact its results. sony has announced another buyback just months after completing his last. it will purchase as much as ¥200 billion of stocks, under 5% of the two companies shares. it underscores the chief execu

ncicap.org] dw --- to see what y you live from paris world news and analysisis from francnce twenty four on mao these are the headlines. robert muller says he was prevented from bringing a prosecution against us president trump. that is inquire into russian interference didn't clear trump's name. also announced his resignation from the us jusustice department and the closure of a special counsel. israeli prime minister benjamin netanyahu faces a midnight deadline to form a new governing coalition. as he seeks to stave off the crisisis that could trigger an unprecedented second election this year. or even forced him to step down. my micron has joined the calls

try it you know that and they've got very china has become a great try to was very impoverished under mao and much nastier it is now china is now well how about doing sensible things economically you can do sensible things economically and a communist party can keep up kim jong un is a bit more daring than his father kim jong il but unfortunately not very much there is so much more they could do and should do the trouble is they you know they're very stubborn and we don't really have the leverage to rebel we've been talking about this a $1000000.00 that the south is going to mobilize to supply the north korean administration to provide food and medicines and so forth. to what degree will that even touch the sides of what's required there how much more is needed oh i don't want to put a number on this because i think all the help they can get will give some would reach some people and will do some good but of course. everybody can can it when you talk about more than 10 tilia 1000000 people not getting the the food they need 40 percent of the population when you talk about chronic under an

world today where these tech giants a level of control and an ability to manipulate us that stalin mao hitler and mussolini could only have dreamed of the powers the manse and we're essentially trusting these large tech companies to make the right a good decision for us i for 1 am not prepared to cede that level of power to these individuals. in the meantime it's the company's fault she really church council. that. this footage is unique because the zoe tribal lands are normally off limits to the public erik's allowed in because he's this is personal don't. people here know him simply as dr eric he's rich famous some always on the move sailing yacht some flying aircraft that. he's considered one of the best neurosurgeons in brazil. that's happening amazon. allergies so slow. going to busy doing nothing is going to do the population nothing much is going to keep people from momma's on. in or while the state. campus in. our present day for a while. in a 4 dystopian nightmare we put in the cameras we install the cameras on the nest cameras in our doors another mantle pieces on but they've

world today where these tech giants held a level of control and an ability to manipulate us that stalin mao hitler and mussolini could only have dreamed up the power and we're essentially trusting these large tech companies to make the right a good decision for us i for 1 am not prepared to cede that level of power to these individuals. in the meantime it's the company's fault shamelessly delete your account sufficient. to. explain. the m m. if. play. please. list slim clear. list. and a very warm welcome to you watching us in such. if you will not obey the voice of the lord your god will be careful to do all the school long months and the statutes. in all these courses shall come upon you and overtake you. and then the white people is stolen property and must pretend to let people. get rid of whites only problems will go away. within the. presence of the frequent. white farmers in. every single day. people being tortured to death expression the elderly people in the. mania somebody if somebody's. not been the nice white horse will find themselves affected by a crime and often point to one

largest march in venezuela's's h histort at the same time we doo havee supporters o often n nicolas mao who have e been gatathering in caracas. how divided i is venezuela exex? well it's divided in soo f far s polarization is banned a trademarking for the lasast twey yearars of first of f which alis presidency and then my litittle but the r reality is thahat -- whwhether all right now has much more sigignificantnt p popular t and my dauauter does -- as a result of the e significant cris that -- itself within minututes wewell at the c challengege fory though is thatt h he now has a y significant credibility cririsis he h has beenn promising a agaid again that the g government is ababout to fall yesterdrday of cocourse he called on the mility to rise up and they did and and to some. tetent he hahas to continueue to demonstrate that he does have back i in the s streets otherwi. his own support it's going to rain.. he has p popular support he has internatational supportrt how ds he maintain this momentntum because he has had you known burst inn the past butut it'ss t gotten h him whatt he w

"as president xi and chairman mao said, you can't have lasting peace without war.e feel america is a bully." all of this a reaction to the increased tariffs on $200 billion in goods the chinese ship to the u.s. victor gao is an expert on international relations in beijing. to what degree can washington, d.c. hold down beijing? >> no one in the world can really launch a trade war against china and win that trade war. >> reporter: a reminder there will be pain on both sides. >> reporter: i'm dean reynolds in elkhart, indiana. does the president understand tariffs? >> i better-- i'm hoping-- i'm thinking he does. >> reporter: businessman tom irions says the pain from tariffs is getting worse by the day. >> president trump, we support him, but this idea of tariffs being paid by the chinese government is something that i don't quite understand. >> reporter: irions firm asa electronics manufactures systems for pleasure boats, r.v.s and commercial vehicles. >> 110 workers here assemble the parts made by 2,000 contract employees in china. it's a $100 million business. if t