with renaultlds and mitsubishi motors.time boss will focus on revamping struggling affiliate mitsubishi motors. that's your bloomberg business flash. for: thank you much everything you need to know about the corporate agenda. u.s. oil rose after an industry report showed u.s. stockpiles fell. u.s. government figures out today may show the first contraction this year. program, it of the said i was trying hard to find some assets on the move and oil is the only one that qualifies this morning, up .9% on the back of these expectations of what we might see in the data later. yousef: pretty high in terms of what constitutes a market move. mixed signals as to what to expect. drawdownet to report a . i'll pull up this chart to remind ourselves of where we are at. saying weecretary have excellent implementation but it will come down to those inventories fight their. that is the blue line, the u.s. crude inventory. circled in red is when opec starts -- cuts start taking effect. it builds all the way to the week before. the highest

he will continue to lead the global alliance that he created which also include mitsubishi motors. nissan says its new ceo started in april will be a row so sick cow who is co-ceo last year, widely celebrated in the auto industry for overseeing the comeback of a son, nissan shares down just over 1% year-to-date. lea: shares of tesla raising 1.5% in extended trading. a carmaker on track to produce its model three sudan in july with plans to ramp up to 5000 vehicles a week in the fourth quarter. tesla ceo elon musk under intense scrutiny by investors even the model three debut on time after years of delays. many people expect the volume production of the $35,000 car would not start until next year. tesla's fourth-quarter revenue coming in about expect patients. train to learning more about amazon secretive plans for a drive through grocery store in seattle. they've applied for a liquor license. one of the first official documents that links this nearly finished project in seattle to amazon. it seems like customers or do what they want online during the specific window. plans for the

he will turn his focus instead to a new alliance with mitsubishi motors.itsubishi admitted it had cheated fuel economy data. today in nissan, when i see how much i am engaged within the alliance, i think it was the time to pass the baton to somebody i had been grooming for many years to take the job. airbus called for a special meeting of european union defense ministers. reuters, to reports by the day after they took a write-down of $2 billion link to the models, they experienced technical delays. airbus set its own viability was at stake and it remains committed. they urged seven nato members to begin their own investments. canceled 67% of its flights come out there were strikes and a major restructuring plan of the italian carrier. they had an effort to keep up with a low-cost rivals. the airline said it was working on a solution to ensure as many passengers as possible could fly as scheduled. the european commission is in talks with the italian government to rescue the world's oldest bank. they failed to raise 5 billion euros. assurancemore taxpayer mo

he is also the chair of mitsubishi motors. some think he will be able to devote more time and energy to rebuilding mitsubishi. switching to currency markets it helped recovering from overnight lows. below 113 after the dovish tone on interest rate hikes. many will be focussing on joint session of congress on tuesday. >>> moving on to other markets in the asia pacific region they drop by .3%. the closing number there. broader property taxes and rules nor asset management. 3137 to reach an 18 month high. consumer prices for january rose 0.6% from a year ago. the biggest rise in over two years. seou seoul's kospi inched up. hang seng slipping by 0.4%. he favors a strong dollar calling it a good thing for the united states in the long run. previously president trump warned an excessively strong dollar could hurt u.s. exports and voiced similar concerns but now in an interview with the wall street journal the treasury secretary and support for the strong green back. the dollar continues to be the leading currency in the world and i

ghosn says he is taking on new responsibilities at mitsubishi motors. placing the troubled car maker under the nissan umbrella, taking into account the general shareholders meeting in june. ghosn recommended the move which takes effect april 1st. he will continue to serve as chairman of the board. he came from french car maker renault after a tie-up between the two companies. a number of management positions for nearly two decades. more business headlines for you later on in the show. for now it is back to keiko. >> thank you for that, ai. >>> now the death of the half brother of north korea's leader remains shrouded in mystery. cast doubt on the dead man's identity. and now the state-run news agency is weighing n korean central news agency criticized how malaysia is handling the death. it said the post-mortem clearly violates the sovereignty of north korea. it does not mention who the man was. the north korean embassy in kuala lumpur issued a statement over the three suspects that says they were arrested unreasonably and should be immediately released.

he will take the mantle of president and ceo while his longtime boss focuses on revamping mitsubishi motorsutes from the latest meeting suggest the fed is set on a series of hikes this year with a vigilant eye on u.s. economic it appeared one? it's are asking is how much donald trump's policies will support the fed hike outlook. the u.s. president meets with the ceo today to discuss new tax and trade policies and job creation. francescos, garzarelli, cohead of market research at goldman sachs. what did you take away from it, esco? francesco: i think it is trump uncertainty. it almost feels like they see the equity market or expectations having been boosted by the election from what was promised, so let us call it the trade already in market, and they are waiting like we are in markets to see what he actually delivers, and all the incoming information has suggested lately that it will take a little bit longer to get the details of the tax plan and to see those policies then work their way into the numbers, so i think this is a juncture we are at and they have some time on their hands, but no

mitsubishi motors jumped more than 12% than previously forecast for the year in part due to a weaker yen. alps electric and japan display ended higher after the earnings for the october to december quarter topped market expectations and thanks to the iphone 7. nintendo tell more than 2% after the company slashed its full-year operating profit outlook and citing weak game downloads for its consoles. >>> moving on to other markets in asian pacific region. hong kong was back from a holiday catching up with the recent global sellout caused by concerns over trump's policy. finishing at 23,318 with financials leading the losses. kospii 2080 for the close. the latest trade data shows exports jumped in january and biggest rise in nearly five years. >>> market analysts in toke says the yen will likely weaken against the dollar over the long term. cakeo of a trust bank says donald trump's investment will support a u.s. recovery and such measures along with u.s. monetary policy can be expected to widen the gap between u.s. and japanese interest rates and result in a stronger dollar, but in the

the vichy motors is -- mitsubishi motors is a standout this year, saying they will return to profit this nomura says mitsubishi is doing quite well. we are seeing some downside after the lunar new year, playing catch-up to the global selloff. over in australia, the asx 200 has closed higher by .6%. we will be live from london at the top of the hour. this is bloomberg. caroline: this is "bloomberg technology." is appleop story reporting its fiscal first-quarter results. shares are continuing to rise in after-hours trading. analysts. now with the company will have all-time revenue records with 78 million units sold, coming up almost 70% of the company's revenue. also encouraging investors, the revenue growth and its services business and growth outside the u.s. apple did say revenue from the mainland china is flat, though it is an improvement. we were talking earlier about china and about how the opportunities there, they are never going to get a lower price. >> they might. but they are never going to match the prices of some of the manufacturers in china, who are att willing to sell produ

ghosn will remain chairman of focus on revamping the struggling nissan affiliate mitsubishi motors. so chairman of mitsubishi and will remain chief executive of french carmaker renault. commentse are waiting from president trump as he meets with manufacturing ceos at the white house. there is a live shot. we will dip into that just after it begins. we are going to bring in kevin cirilli who has more from the white house. kevin, this meeting is one of several. trump network manufacturing ceos before and now meeting with them and others, included. yasiel has an advisory committee. what is this leading to? the topust moments ago, ceos from several companies, including ford and johnson & johnson, left the executive building next door to the white house and began to head into the white house to meet with president trump. they're also going to be meeting with vice president mike pence and jared kushner, treasury secretary steven mnuchin and gary cohn. this is a huddling of sorts of president trumps top economic advisers as well as ceos. the white house is hoping in a series of meetings, th

are seeing diversion paths for auto stocks, mitsubishi motors over 2.5%, while gives us a is fallingi lower by seeingr of hanjin's progress. the company will start container services and march, followed by the u.s. west coast in april. sm shipping has acquired 12 vessels. back in the green. some other stocks in focus. news lines around mitsubishi ufj, the nikkei paper reporting the bank will start a ¥10 and 30 fund to invest an drug startups. mitsubishi ufj may help underwrite this saudi aramco ipo because of its stake in morgan stanley, selected as the lead underwriter along with j.p. morgan. korean air falling for a second day in seoul, korea, the president saying it is in talks with delta on a joint venture. details are to come later. he also said the airline is targeting 2017 sales of s of 12 trillion yuan. qbe insurance snapping a three day to climb. it did announce a $770 million share buyback and did pose of 5% increase in annual profit, certainly helping the stock list today in sydney. you for that. one of the movers in friday's session and the session in singapore today is n

he will remain chairman and focus on revamping the struggling nissan affiliate mitsubishi motors. s chairman of mitsubishi and will remain chairman of the french carmaker renault. the equivalent of 3.3 billion barrels of untapped oil from its book. it made it mathematically impossible to harvest those fields profitably within five years. that is your bloomberg business flash. i am taylor riggs. alix: if you were looking for clarity and the fomc minutes yesterday, you were disappointed but the markets honed in on this quote. many participants expressed the view that it might he good to raise the fed funds rate fairly san. -- fairly soon. media honed in on that line. dave and rosenborg joins us. what month is fairly soon -- david rosenberg joins us. what month is fairly soon? david r.: i think they are talking about may or june as opposed to march. janet yellen has told us every meeting is live, but there is not a lot of information incrementally coming out. we will have one more piece of employment data. i am sure janet yellen wants to take a look at how the budget proceedings go so

motor. alright, here's the affordable vehicle, and mitsubishi in it's 100th anniversary selling vehicles. this is the sport limited edition and this is an outlander. all new exterior trim, nice sporty look and it's affordable, starting at $21,995. great look for this vehicle, sporty interior as well. 18 inch alloy wheels, and what i love the most, heated seats for those cold days here in the mid-west. alright we gotta talk about technology as well, right? what do kids care more about in the car? you care about the looks or do you care about being able to play with your iphones and all your smart devices? yeah, it's all about smart devices. well chevy tahoe showcasing their suburban and their tahoe here at the auto show and with summer right around the corner the family should be planning not just vacations but the vehicle that they're gonna drive in as well. connect all of your smart devices on the inside, not to mention onstar up 260% with usage in the vehicles. it allows you to get all the critical data that you need. stream movies, listen to music. all the fun stuff that kids want in v

motor appointment of the company's cochief executive as ceo. he will replace carlos ghosn in april. ghosn will continue to work on strengthening the alliance between nissan and mitsubishi. >>> the s&p 500 seen opening higher to the tune of two points. the dow jones up by 14 points. the nasdaq losing fractionally. yesterday the dow jones notched its ninth straight record close, but the s&p and nasdaq were lower. >>> let's look at the european markets. a bit of a mixed picture. the ftse 100 coming under pressure because of basic resources. barclays is trading to the upside. it's not helping the banking sector too much. the xetra dax, there you go, above that 12,000 handle. this is the highest level since april 2015. the cac 40 up by a third of a percent. >>> the fx markets, when we look at euro/dollar, they've been knocked around by political risk out of france, but a boost yesterday on the back of the centrist saying he can form an alliance with the independent candidate, macron. in terms of the fed impact, the fomc minutes impact, that was fairly muted. the dollar just a touch lower against the japanese yen right now. a little bit stronger against the euro. >>> preside