. >> it is the hottest ticket in theme park in new shanghai sold-out hours after going on sale.e first in mainland china and is three times the size of hong kong disneyland. give us a sense of what disney wants to get out of this park. >> they consider it as important as opening up orlando, this is a big deal for them and is a play on the growing, burgeoning middle class in china, increasing disposable income, a greater trend toward commercialism and consumerism and disney has been there with its films in the past but not with its parts or resorts which have historically been a fantastic business for disney. if you want to argue the statistics, the resort business is better in disney and they are certainly a world leader. , ande door is wide open really surprising move, we had this competing off a group of rivals led by china's insurance, pulling their bids -- >> it's very vague considering as to why they dropped out. >>. a lot of details. various market conditions which could mean anything, but they have been working with jc flowers and -- on this deal and the deal was a were o

shanghai's most popular travel agency. in the cold of january, preparations are underway for the chinese new year this is shanghai's most popular shopping district. and this is a branch of spring tour. a staff meeting before the shop opens. sales strategies being discussed, because the chinese new year holiday is one of the most profitable seasons of the year. it's 9:00 a.m., and the doors open for this customer looks as if he has been waiting for the shop to open. and here is the next customer. this man runs a construction materials company. but times are hard due to a slow down in the real estate industry. in 1997, china lifted the ban on overseas group trips, but this family did not have the time or money to go on holiday, until they the trip to the united states will cost $15,000 for four people. but sight seeing is not their only a buzz phrase in china at the moment is to embark on a lung washing tour, to escape the heavily polluted air of metropolitan and it's not just senior citizens who are traveling. althou although china has abolished, they prefer to have the time to travel abroad. as the morning draws on, the custome

new home prices for shanghai up 6.3%, newing up by home prices in the chinese capital up by 3% on monthme prices were down and 29 cities year on year, up in 62 cities month on month. cities surveyed by the government, so across the board arrives. this is about upward trajectory that we have had since the easing cycle began, six rate cut huge november 2014, and a amount of new financing, lending, leverage going into the economy, a lot of that going into the property sector and has driven these home prices, particularly across the major cities. we are still waiting on the nitty-gritty in terms of what the individual's at the individual safety breakdown is, but certainly expecting a 6% rise in home prices in the main cities. continue to see that recovery when it comes to smaller cities struggling to get rid of that inventory glut. the major cities continuing to see this overheated market that the authorities have been trying to clamp down on. prices ining home china continuing to increase in the month of march. yvonne: thank you so much. after talks dragged on for hours, 10 hours longer th

new rounds of losses. nhk world tells us more. >> reporter: over 3,000 companies took part in the trade show in shanghai. many are looking for new business partners. this company exports children's clothing overseas. its managers happy to see, which they say will make them more competitive. >> translator: we might get back some clients who left us for cheaper southeast asian firms. we are ready to increase production. >> reporter: a firm that makes and exports alternative goods, also sees a better road ahead. company officials showing off their calculators and digital clocks at the trade show. >> translator: the exchange rate with the japanese yen is good. we are selling stuff we weren't able to sell before. >> reporter: some businesses are suffering due to the weaker yuan. in particular, struggling with the rising cost of traveling and buying products overseas. at travel agencies that specializes in vacation packages is seeing a downturn. many who wanted to go to japan, are opting for less expensive destinations, including ones in southeast asia. to maintain its price, the company is shouldering some of

disney's new thing part in shanghai sold-out after hours of going on sale.times the size disney and hong kong. 3 million visitors are expected to walk through the gate. >> the ceo said it is as important to disney than opening orlando to disney world a generation ago. this is a big deal and a play on the growing burden a middle class in china. calmasing disposable and and consumerism -- increasing disposable consumerism. parks and resorts have been a fantastic business for disney. businesses the resort better than disney. they are certainly world leaders. china is where they have to be. marriottwide open for to take over starwood hotels. there was a group of rivals, led anbang. various market conditions. they had been working with jc flowers and primavera capital on this deal. shareere offering $82 a valuing the deal at $40 million. -- $40 billion. interested in a contracted bidding war. if it had gone ahead, it would have been the largest investment by a chinese investor. >> takata corporation shares plunged on rising cost estimated from the auto industry's

today it's launching a new benchmark price by the shanghai gold exchange. ice will be adjusted twice a day. banks and jewelers are involved in a benchmark pricing. >>> a new chinese executive at twitter is facing criticism. >> big agencies like the official chinese tv channel do use it. twitter would like more chinese to have access by putting a chinese person in charge. chen was named twitter's new china head a couple of days ago. here she is saying hello to twitter users on twitter. some users questioned her resume pointing out before she worked for cisco or microsoft she worked for the chinese state committee for public safety. chan is a brand-new user of twitter. twitter has executives and board members who never use twitter until they were hired by twitter. >> yahoo reports its profits today. if i had a sound effect it would be that wah-wah sound. we expect the report to be grim. we are in the midst of reporting season. a time of year when companies open their books. netflix added fewerç international users. netflix has to come up with something new an

that oil price in new york trimmed its gains. the shanghaier by a tense of 1%, underperforming the region this week. we've also seen the philippines open flat. extending losses as the yen strengthens against the dollar. the kospi has been steady, down a third of 1%. by crude00 being hit prices in new york, down half a percent. down half ofindex a percent, trimming its loss to 1%. there is only one sector higher on that index, and that is financials. i want to show you some stocks we are watching in hong kong. isa's third-largest insurer up 3%, but had jumped 4% on the open, its biggest since december. its new business value jump 36% in the first quarter, beating analysts estimates. china eastern airlines also a solid performer. and atlas iron in australia has ended its share holder meeting to discuss restructuring. it is up 9%. those solid gainers, a downbeat day in the region. lossesseeing those continue on the open in hong kong and in china, similar to what we saw on global equities on thursday. rishaad: mitsubishi motors plunging again, 12

there has been some rumors about a new flight to shanghai. we are thrilled to see it happen. on't know of an airport in the country that's had that success. that says a lot about our hard working team at the airport and about the economy that we are seeing here in the valley. so we are waiting, the department of transportation approval. we hope and expect to get that. then we will be revving up to shanghai. >> very good. well, come back and talk with us about it. always good to see you. >> will do, dave. >> thank you, sir. have a good day. >> time is 8:49. let's check with sal on your commute. how is it looking now, sal? >> it's getting a little better, dave. just a little bit anyway. we have had a couple of things that have been picked up since the last time we spoke. let's go right to the line-up and talk about the commute here. can you see traffic is going to be a little bit slow still at the bay bridge, but we have seen improvement from 30 minutes down to about 20 waiting at the toll plaza, especially for the cash payers. also looking at interstate 880. it's beginning to s

sue their children for not visiting enough, not calling, not coming over to visit, this is a new law in shanghai. >> and the how states that dult children must provide their aging parents with emotion will a, financial and spiritual support. they are required to visit more often as parents live in a nursing home. if they don't the court can order them to go visit. >> oh. >> if they don't comply their credit score will be damage making it harder to get mortgages and loans. the law does not stipulate how many visits. >> that has been a culture forever always taking care of the elderly. elderly is more respected then certainly here in the you had. >> getting sued to it. >> that is extreme, sure. >> that will wake you up. that will make you call someone. >> that is shanghai. >>> with pennsylvania's primary a week away now, a week from tomorrow, there are sure to be plenty of campaign rallies in our area in the coming days. >> which can be bad news trying to get married, right. >> check out what happened to a couple in up stays new york. they were getting married in yesterday, was also the site of th

news bureaus around the world. gura.vid betty: the sense of trading con that has been shattered tumbled the most in nearly two months. shanghai composite dropped 4.5% overnight. no obvious news driving the decline. some are pointing to signs china's central bank has not reduced the appetite for monetary easing. joining us now is ben manziel. good to see you. could you ride in at the nation for what happened in china? -- could you find an explanation for what happened in china? ben: i think we have seen an economy accelerating through the middle of the year. evidence of that is an asset investment that has been pretty strong. housing market has been pretty strong. even our medium-term view on china is not a particularly sanguine one, i think what that does, when you have an medium trend that is challenging a short run trend that is stabilizing that is a recipe for volatility. i do not think there necessarily needs to be a particular news item or trigger when you have that confluence of events. i think we are looking at tension between near term and short term. betty: your outlook on oil is pretty negative. ben: over the medium

new york primaries. of the trading day in hong kong and shanghai. hose numbers coming up next. ♪ a look at our top stories, donald trump is the projected winner of the new york republican primary. the billionaire tycoon was widely expected to win easily in his home state, but hillary clinton leading bernie sanders in early counts. biggestporting its surplus in more than five years. exports fell in march on a year ago, but imports plunged him was 15%. the yield on all japanese government bonds falling below 0.4%. australia's banks hit by a $94 million leverage, giving the securities and investment commission extra surveillance capability and greater funding for prosecutions. major policyst announcement since the prime minister said he wanted snap elections on july 2. let's have a look at the markets in hong kong and shanghai. what have we got? little bit of strength coming through on the open in hong kong. juliette: it has gone flat now. for tenshai market up of 1% on the open, so adding to those gains we have seen across the region. some companies co

shanghai composite falllling 0.8%. lauren: crude oil prices getting a liffrom new positives on the us and german economy, $38.53 a barrel, that is a move of 3.5%. nicole: john williams looking for possibly two more interest rate hikes this year. nicole: gas is the stock to watch after reporting lower sales at the banana republic and old navy stores. lauren: jordan's piece leads the tournament after the first day. nicole: it is 5:0 numb one, , t if. let's look at what is moving in the markets, the latest breaking news and what to expect for the day ahead. lauren: the primary on april l 19th many polls find donald trump with a a big lead his home state, ted cruz struggling, ted cruzuz has draw anger for his new york values comments and blake berman has more. >> reporter: new york values front and center in the primary. in his first campaign stop in new yorkrk wednesday night dona trump blasted ted cruz for comments ted cruz made in the lead up to the iowa caucuses about new york values. they released this video. >> everyone understands the values in new york city focus around money and the media. >> no place on earth coul

geoffrey: frink the shanghai point, quite new position in general.sia, i think people still to want shy away from the markets, quite scarred from the experience last week. this week, they were reported as well, they want a comprehensive regulatory frame work coming in within the next six months. i think people, they want to see what the securities regulation is going to be a comprehensive frame work coming through, and they apparently want to model it based on what type of things has been doing. so if that is a game changer in terms of how people see the market, it will be conduct, then i think more people will be willing to invest. until then people will generally be a bit defensive. tom: as we look at the international economy, we'll continue the synthesis of international events this week into the american labor economy. the chief economist from citi group will join us. we'll talk about the demrobal recession probability, also bill on the call on oil. this is "surveillance." ♪ francine: tom keene is in new york. this is our morning must read. i pk

shanghai composite of 1.5%. china's exports grew in march. european markets rising on the news. higher across. higher across the board that stands between 1.5% all the way up to 2.5% higher. here with me this morning on the fox business network sandra smith and was close capital mike murphy. welcome back. a campus lineup is morning. it take you to vice president donald trump's son, eric trump will be with us as well as the five cohost juan williams and national spokesperson ron nehring will be here. all of that straight ahead. turning back to politics, missouri's presidentially republican front-runner at a total of 755 delegates. one step closer to the magic number of 1237 delegates to secure the republican nomination. trump continues to speak out against the primary process. yesterday claimed in the process raked in upstate new york rally. >> the rnc, the republican national committee should be ashamed of themselves for allowing this to happen. i can tell you that. they should be ashamed of themselves. because it has nothing to do with democracy. they took the votes away from the people of co

new is good. not everybody thinks this is a good idea, though. bill wang was born in shanghaiity. he began teaching english before he was out of college. he suggested we needed a wonton. and there might be wonton stalls all over shanghai, but bill says this one, this one, is the one. so you're an english teacher? >> yes. yes. >> most of the people i meet of chinese background who speak english, their teachers were british, sometimes australian or new zealand, and they have those expressions and that accent. maybe more and more these days i guess younger generation there's more and more of that sort of tv accent. is that good or bad? >> i think it's good. you know, tv series, especially american tv series are so popular in china. >> what are the most popular american shows in china? >> right now, "house of cards." >> "house of cards"? >> yeah. so popular. >> "house of cards"? >> yes. >> that's really interesting. what do you think the appeal is here? >> you know, in the show, americans talk about presidents. >> right. >> in china there's no way you can talk about those sensitiv

shanghai. >>> time for the sports news. >> thank you very much. the first and most prestigious golf major of the season is underway. jordan speith picked up where he left on that while another had a memorable day for all the wrong reasons. we have more. >> 80 years of history as augusta national, some of that had been made by jordan speith 12 months earlier when he became the second youngest winner on record. the now 22-year-old made his first rounds move early with three birdies on the front nine. he added three more on the back nine in a bogey free round of 66. that put the american in front at six under, as he bids to become just the fourth player to retain his title. >> got a lot out of the round with what i felt like was kind of average ball striking, just scored the ball extremely well, which is something i've been struggling with this season. >>> speith leads it to two shots. the surprise man behind him is new zealander danny lee. he last visited augusta at an amateur but celebrated his professional return with a round of 68. lee is tied in

new life into the rally. kong injuring a bull market, shanghai gaining 12% in the last month alone, so we will see if this data be sustaining this sentiment. we are also getting an unofficial take in pmi coming through later. those beats this morning coming through from those larger state owned enterprises, stemming that seven months of contraction. we will be looking at those stocks ahead of that hong kong shanghai open. rishaad: thanks. of gatheringigns gloom in japan today, bins business sentiment falling. let's discuss this with jodie snyder. disappointing to say the least. >> yes. largehows sentiment among manufacturers and corporate sentiment is weakening in japan. part of this is due to the yen. the yen has strengthened against the dollar, 7%. that raises the price of imported goods and makes it harder to get revenue from abroad, so there is some risk to corporate profits. what we are seeing as a result of that is less investment, less corporate investment in japan, and no wage gains. toyota this month said it was going to pull back its monthly base wage increase, and that is something obviously that pr

shanghai open. this is "trending business." ♪ rishaad: stocks following wall street higher, crude rebounding to $40 a barrel in new york.is good for the key we--- the kiwi dollar and the aussie dollar. the yuan has strengthened after korea's central bank adopted a wait and see attitude. economic data has been disappointing this year, the latest figures showed signs of improvement. expecting revised gdp figures little bit later on. of theital ad business former yellow pages.com is planning an offer for yahoo!. tax-free -- it is the start of the tuesday morning session. we have reserve bank of australia dropping across the bloomberg news wire. juliette: a much better session coming through on the markets today. look at these games on the open here in hong kong and shanghai. a very different picture to what we saw yesterday. flat.mobile is pretty good gains coming through in shanghai. -- career rate decision korea rate decision on hold from the bank of korea. we are seeing the won strengthen. the nikkei 225 was the worst performer in the region yesterday. it is the best today. hard by there hit earthquake over the weekend

news update this hour. back to you guys. >> what a story. thank you, sue herera. >>> china sparking global volatility with the shanghai composite testing new lows but worries seem to have eased thanks to an improvement in economic data. how long will this last? seema mody takes a closer look at the story. >> there is an active discussion around whether china's economy is in fact turning around. we did see two important economic reads, industrial profits and manufacturing coming in better than expected. but before we start celebrating, keep in mind that a lot of the economists expect further pain to come. they're staying cautious saying the rebound that we saw in manufacturing is purely a byproduct of the liquidity injected by the central bank and this is just a short-term blip in otherwise longer term secular decline and that the real growth will come once china completes the supply reform agenda which includes cutting down capacity that will take about 6 to 8 months. another red flag for investors, looking at china, is its earnings report card. according to financial data firm wind on average steal industrial and energy companies in china post

the shanghai composite down about 0.6%. risk appetite in china. good news is not seen as good news. an indication that the pboc will refrain from more easing. we have also had the yuan stabilize as well. there's not as much in terms of the loudness of calls for the central bank to do much more. we really are seeing the steepest declines in the session coming from japan. the nikkei extending losses into the close. firsty 3.6% for this trading day of the quarter. we had that stronger yen weighing on the outlook for exporters. the survey really calling into question the idea of whether abenomics is doing anything to get the japanese economy out of stagnation. none of that is particularly good. hong kong stocks down by 1.2%, just one day after chinese listed shares in hong kong ended a bull market. sydney and singapore as well down by about 0.7%. movers, inok at the between when i spoke to you last and now, macau gaining. revenue numbers for the month, down 16.3% in march, that was slightly worse than estimates of about 15.5%. it really comes off february's number, which was incredibly

shanghai composite index sliding 1.4%. lauren: final push for new york ahead of tomorrow's primary.ed cruz takes all 14 delegates in wyoming over the weekend. nicole: on the democratic side hillary clinton and bernie sanders fight over whose plan will do the least amount of damaging to the economy. lauren: verizon looks to be the front runner. to add yahoo to purchase earlier of aol. nicole: with the playoffs underway we will tell you who came out on top including an overtime thriller right here in new york. lauren: it's 5:31 right here on the east coast. it's monday april 18th, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day welcome for joining us. nicole: meeting of exporters collapsed without an agreement to freeze production. phil flynn senior market analysts, fox business contributor, expert on oil, all the oil ministers get together to potentially freeze oil put but iran doesn't show up so no deal, phil. phil: there is no deal. the russian oil minister says he can't blame iran, you can't blame for somebody not being there and the

a new flight will take passengers fm san jose directly to shanghai. san jose airport has added another international destination, its fifth year in a row of doing that. air china has received approval from federal regulators to fly to shanghai starting in june. this is really a natural fit and will help san jose establish its position as a tech leader around the world. >>> 11:28. coming up next -- >> all of us knew there was nothing we could do, but we knew there was something we had to do for future victims. >> bill cosby's accusers show up at the state capitol demanding a change in the law, but the aclu says it will create different victims. no limit to seeking justice when it comes to rape. california may be on a path to do away with the statute o >>> no limit to speaking justice when it comes to the crime of rape. california may be on a path to do away with the statute of limitations for charges of rape. >> victims say ironically they may have comedian bill cosby to thank for it. nbc's chuck coppola has more. >> reporter: supporters cheered at the

shanghai composite to rise 1.5% today. nicole: checking oil once again down 10 cents. dirty 560 a barrel. lauren: newmay do government may do well to pfizer and allergan $150 billion merger plan. nicole: troubles in the magic kingdom as ceo bob acres steps down, three in succession plans into disarray. lauren: and in sports. >> for the championship. [cheers and applause] it was a villanova wildcats to cut down the last-second thriller against north carolina. stay tuned for highlights of the final second man missing his name. nicole: 5:31 a.m. in new york. tuesday, march 5th. march 5th? nicole: april 5th. the latest breaking news and what to expect today ahead. voters in wisconsin heading to the polls for the state of about primary. could today's contest reset the gop presidential race? like burma with the latest from madison, wisconsin. >> it is election day in wisconsin and is believed the vote will come down to a battle between donald trump and ted cruz. 42 delegates in play at way wisconsin allocate delegates, it is likely the winner will take most or all of the 42. wisconsin's importance for trum

shanghai. monday is the running of the boston marathon. tuesday is the day the newpresidential primaries are held. ed with is the 82nd annual drama league awards presentation. thursday is the day the olympic flame for the 2016 games will be lit in olympia, greece. friday is earth day and the day of u.n. treato climate change will be signed in new york. saturday is the 400th anniversary of william shakespeare's death. and here is what's new for your weekend: kevin costner, and tommy lee jones are in theaters with a skiify thriller "criminal." the 2016 n.b.a. play-offs begin on saturday. >> i know what it takes to be the best player in the league. >> i feel confident because i'm the best player in the world. >> rose: the magnetic zeros are playing sunday at the coachella music festival. that's "charlie rose: the week" for this week. on behalf of all of us here, thanks for watching. i'm charlie rose. we'll see you next time. >> rose: welcome to the program. we begin this evening with politics and talk to major garrett of cbs news. >> and it's a dilemma, charlie, built

shanghai composite pushing up slightly. nicole: after oil prices jumped 3.5% let's check where crude oil is starting a brand-new month, 3819, half of 1%. lauren: tornadoes ripping through the south, we have the damage in mississippi and alabama. nicole: a chinese firm was bidding for the giant starwood hotel, we have reaction for you. lauren: the final four begin tomorrow, gw took it home and handed out top college player and top coach awards, all that and more coming out. lauren: on friday, april 1st, april fools' day. welcome to "fbn a.m.," your first look at the latest breaking news. a new foxbusiness poll shows ted cruz leading the gop race in wisconsin, the winner take all state offers 42 republican delegates. the fbn poll shows bernie sanders ahead of hillary clinton in the state's democratic primary. blake berman has the details in wisconsin. >> reporter: ted cruz's momentum appears to be continuing according to our foxbusiness network poll. ted cruz has the backing of 42% of republicans in the badger state, 10 points clear of donald trump, john kasich lagged behind with 19. at the 56th annual farm show in oshkosh, t

shanghai also coming on stream. david: factory output, retail sales, may even get data on new credit.airly busy day on top of everything else coming out of the region. korean jobs, the only one out so far. overseas remittances, singapore output out ofrial japan, exports out of indonesia, all mostly coming in the afternoon. some weakness in the offshore renminbi. the it is a fairly common site across currency markets. have a look at dollar-yen. it should show a similar looking chart, the dollar regaining momentum into the asian trading hours. equity markets as you would expect, trading down, sideways little bit at the moment, mostly flat or down. it actually a raised some earlier losses. that's not enough to lift markets. shanghai, hong kong, coming on stream, as is manila, flat. on the lighter side of things at the moment. it will be a very busy day. the only clear lead we did get from the session in the u.s. were oil prices on the way down. that is ahead of the pending talks in ohio. -- doha. it has provided a floor for energy prices, but has traders thinking how much should we bake

shanghai composite siding 1.4%. nicole: after a 5% gain yesterday, hope seven opec production freeze. 3766 a barrel, down 9 cents. lauren: outrage over new that killed a $160 billion drug merger. the ceo of izer but they're not fedex by name by high corporate taxes are costing american js. train to the white house reportedly declined to support a new bill allowing law-enforcement agencies to crack encrypted iphones and other devices. lauren lauren: said it will have some pre-masters hole-in-one shots for you. pretty amazing. nicole: 531 and the knee-jerk. welcome e to "fbn:am" come your first look at today's markets, the latest breaking news and what to expect the day ahead. nicole: the battle for the nomination intensifies ahead of the near primary april 19th. hillary clinton and bernie sanders are fighting for the empire state 247 democratic delegates. clinton released i in a series f attacks questioning if sanders is prepared for thee presidency. >> some of his ideas just won't work because the numbers don't add up. others won't even pass congress or they would lie on republilicn governors suddenly having a conversion experience in be

shanghai, hong kong both on -- both closed for a holiday. >>> japan's fiscal year begins in april. that means companies taking on new recruits. one survey showing that many women want to become managers. leading life insurer surveyed 1,112 men and women in january who had job offers. 23% of women said they wanted to become section chiefs or take mid-managerial jobs,, and 16% aimed to become managers. 11.5% want to become executives and 2% said they want to become company presidents. overall 53% of the women said they wanted to be mid-managers or higher. four years ago it was 39%. meanwhile, the figure for men dropped three points from last year to around 73%. >>> here is a look at some of the other stories we're following. >>> transport mintory officials say auto makers recalled 19 million vehicles in 2015, double the previous year, and a record high f for the t third s straig year. officials say half the recalls were related to takata air bags d they sayay increases in the use of common parts for different models may have contributed to the rise. >>> the bank of japan is trying to boost the economy by pumping liquidity into

shanghai down at 2,953. data for march shows profits for manufacturers up 11% from a year earlier. investors appeared unmoved by the news. australia's s&p 200 declining by .6%. 5,187 the closing number. consumer prices in the first quarter fell unexpectedly. that result dragged down the australian dollar and weighed on share prices. hong kong's hang seng declines by .2%. indonesia bucking the trend, .7% for the gains there. its first gain in three sessions. >>> here is a look at some of the other business stories we're following. officials at the world bank believe the price of crude oil will rise higher than earlier predicted. the bank's commodity outlook report upgrades the forecast for 2016 by $4 to an average of $41 per barrel. the report says we can expect to see oil at $50 on average next year. >>> apple posted a drop in revenue for the january to march quarter as sales of the iphone slipped for the first time. company saw total revenue of about $50.6 billion down 13% from a year earlier and is the first fall in sales for the company since 2003. china's economic slowdown played a role along with the saturated smar

shanghai futures exchange. every friday morning -- thursday --ht bedtime -- they release their time, they release new data on how being consumed. hugh can get a read -- you can get a read all demand. the most recent data shows there is 388,000 tons and this is alarming because when coupled with bonded stocks, china has roughly 900,000 tons of copper in their inventory system. the price ofh is copper determined by the price of oil and other commodities, and people trading them together? matt: what, as the price of oil drops, what i hear is it makes it easier to get copper out of the ground at a lower price. mr. davis: we have to be careful and looked down into what the data tells us. the data tells us that on an immediate basis, it if oil prices were to drop five producers, copper producers do not stand to benefit. they are buying diesel on long-term contracts. in thing to keep in mind -- when there is not a lot of data coming out of china, such as in the month of february when china is on holiday, copper tends to trade with other commodities. when oil recovered in february, it listed copper and commodities compl

new zealand weaker. we will have china's open at the bottom of the hour after that big selloff yesterday. the shanghaiposite recovered after beinglosses down by almost 4%. good gains from the basic material players and oil and gas up by a 10th of 1%. consumer goods looking strong. we are monitoring mitsubishi. it is expected to fall by the daily limit when it starts trading. we've had numbers coming through from australia's third-largest sydney, now has a positive cash position. thanks. oil trading near five-month highs. talks may restarted be in the frame. let's get more. oha, butoke up in d of what about the prospects a new meeting, or is it all bluster here? at the highest level in five months yesterday. today, around $44 a barrel. the first factor is that iraq said yesterday that there will be a renewed push for a meeting among some of the world's largest producers, including saudi arabia and russia, to cap output. the talks on sunday broke up after saudi arabia insisted all opec members and iran agree to the freeze. is returning to international markets after sanctions were lifted in january. the

world, not to mention such promising organization as the shanghai cooperation organization which is enlarging, accepting powerful numbers and neweg ration, the eurasian economic union of the brits and et cetera, we have good relations with most of our neighboring countries and view turkey as a friendly country and its people as a friendly people. we definitely will pursue a friendly relationship with turkey as such. we have issues with certain political leaders in the country. we believe that their behavior is inadequate and we reacted to its as we're supposed to. as we see, we're working steadily. we are avoiding any sharp moves and reacting to hostile action is necessary. this is something you need to do, otherwise you'll be abused -- abused by other countries and this has happened in our very recent history. we must prevent going back to that. >> you know, taking into consideration our interests, we'll pursue good relations with all of the our partners, including our neighbors. >> translator: you said last year you would rescue obama if he were drowning. how would you rescue first? >> translator: it's a question from a 12-ye

new credit and investment beating analysts forecasts. the shanghai composite advancing on the data.ut the economic data. we have heard two different reports say they are definitely in a recession, but maybe not quite as good as the numbers say. still around 4%. what is your position? >>: the current growth rate recession is a big threat in my mind. it is slowing down for sure, but what they are proving is when they want to, they can turn things up. that is what they are doing. is that sustainable long-term? it is still a very open question. this is credit fueled the growth, it can last a few quarters. it whether it will last a few years is an open question. having said that, the consumer side of chinese economy needs to grow at a very rapid pace. it is a much smaller part of the chinese economy than the u.s.. david: so you are illustrating what chris was saying. from be it this chart intelligence. bg can get it on bloomberg, #957 in that library. you can see it has skyrocketed, going from 130%, already pretty june or 16%. this is how they are financing a soft landing. these are the

not only as the -- the shanghai corporation which is enlarging, accepting powerful members and our newegration vehicle of the eurasian economic -- and we view turkey as a friendly country and its people as a friendly people. and we definitely will pursue a friendly relationship with turkey as such. we have issues with certain political leaders in the country. we believe their behavior is inadequate, and we reacted as we are supposed to. as you see, we are working steadily. we are avoiding any sharp moves. reacting to hostile action is necessary. this is something you need to do. otherwise you will be abused by other countries. this has happened in our very recent history, and we must prevent going back to that. but, you know, taking into consideration our enemies, we will pursue good relations with all of our partners, including our neighbors. >> mr. president, you said last year you would rescue obama if he were drowning. but what about others? who would you rescue first? it's a question from a 12-year-old girl. [applause] president putin: well, the 12-year-old girl this is a very tou

today because we have seen that weakness in shanghai way .nto the market in taiwan korea turning negative. if you look at southeast asia, australia, and new, it is looking a lot brighter. thatis on the back of that we had coming through from the fed which gave boosts to crude oil prices. into in the region and health-care stocks looking very solid as well, up by a 10th of 1%. this is the year-to-date chart for the ta. it has had a shocker of a year. seen since we have march 7. today, resuming trade and plunging quite significantly. one third significantly up by 50%. a check of that japanese yen. really continuing to strengthen against that dollar, holding at 109 .18. up 9% against the dollar. it is up by half of 1% today. this is a look at asian markets is mine. -- this morning. emily: surveymonkey is branching out beyond its namesake business of online surveys and getting into the business of at analytics. the ceo says it will eventually generate a double-digit percentage of the companies overall revenue. i asked zander lurie why he's departing from the core business. this was zander lurie : an acquisition we made last summer and today,

the shanghai e -- corporation which is enlarging, accepting powerful members and our new integration vehicle of eure asian economic -- euasian economic -- and we view turkey as a friendly country and its people as a friendly people. and we definitely will pursue a friendly relationship with turkey as such. we have issues with certain political leaders in the country. we believe their behavior is inadequate, and we reacted as we are supposed to. as you see, we are working steadily. we are avoiding any sharp moves . reacting to hostile action is necessary. this is something you need to do. otherwise you will be abused by other countries. this has happened in our very recent history, and we must prevent going back to that. but, you know, taking into consideration our enemies, we will pursue good relations with all of our partners, including our neighbors. >> mr. president, you said last year you would rescue obama if e were drowning. but what about others? who would you rescue first? it's a question from a 12-year-old girl. [applause] president putin: well, the 12-year-old girl this is

new york for donald trump and bill clinton run the league. trade to 190 points. dow futures of 53, s&p futures up seven. lauren: china shanghai composite and the nikkei in japan each down fractionally. nicole: oil prices with a production fee on april 17th opec meeting. toilet 3701. up 3%. transfer $160 billion merger between pfizer and allergan. nicole: the obama administration targeting the oil patch deal between and baker hughes pm lauren: amazon said to them fairly high and kindled with a rechargeable case. plus a solar powered candle on the horizon. nicole: in sports commend the uconn huskies crushed syracuse for a record championship with a tougher to beat the chicago bulls record for the most wins. highlights and sports coming out. lauren: 5:02 eastern piedmont dictum april 6. welcome to "fbn:am," her first look at today's market and the latest breaking news and what to expect that they had feared nicole: senator ted cruz gets 40.3% of the vote. ohio governor john kasich receives 14.1% to blake remain wisconsin with all the details. >> ted cruz described as the jury in wisconsin tuesday may be told supporters during a

shanghai beating japan, 2-0. that is their third straight win. as for the 2008 champions, they are still winless. >>> golf's new number 1 jason day now has his sightsfirst master's title. his best finish at augusta came in 2011 when he tied for second. last year jordan spieth tied tiger wood's record. >> i feel comfortable with where i'm at walking around the grounds, number 1 in the world, it's a pretty -- you know, it's a good feeling. but i know i can't take it for granted because obviously in this game, things can change pretty quickly. >> yeah, it's great being back here. i have had a fantastic couple of days thus far preparing, and the game feels great. i'm going to try to just use last year as momentum. you know, we know we're capable of playing this place. we have proven it to ourselves the last two years, so the focus is on this week. >>> mani pacquiao has arrived in las vegas ahead of hah he says will be his final fight on saturday. we'll be taking on timothy bradley for a third time. he has lost 3 of his last 6 contests. pacquiao is the only man to defeat bradley during an career in which the american has beaten 12 champions. >> it is go

shanghai composite, it was lower by 4%. now retracing some of its losses. away .93 --- one 108.93. let's get to bloomberg first word newsith nejra cehic. nejra: donald trump has reasserted his status as republican front-runner after a big win in the new york state primary. he built and that she built a business and put he built a business empire there. -- he built a business empire there. hillary clinton was expected to do well in new york having been twice elected as senator. expecty of london should its preeminent role in the global financial system to fade if britain leaves the european union, so says the governor of the bank of england, mark carney. he said that membership of the and leading the eu -- leaving the eu would diminish that. japan's forty-year bond yield has fallen to a low. yields less than 0.4%. negative phrase have pushed investors into longer dated that. -- longer dated debt. kuroda doesn't think that easing has reached its limit. -- after evidence of an acceleration growth -- by private economists. it takes chinese companies in record 192 days to collect payment for goods or services. that is up fro

news bureaus around the world. quinn.nie betty: it's time to get you caught up on all the market action around the world. let's start in asia. the shanghaiposite, the nikkei, falling partly based on the reaction of the meeting in doha. another big story out of the region, the recovery in china's property market. from lund has the story hong kong. >> prices continue to rise in march due to a ramp-up in credit. affordable housing climbing in 62 out of 70 cities surveyed up from 47 a month. was the major cities that continue to lead the way. prices in shanghai and beijing surge. 63%.n year increase to the gains in third tier and beyond cities -- many struggling with the inventory glut. record lending late 2014 fueling this property driven economic recovery. it is a two speed one. policymakers have recently moved to curb speculative buying and limit the eligibility of some homebuyers. mark: we are 57 minutes away from the end of this monday equity session in europe. .he european stocks the stoxx 600 was down 1.4% led by oil companies. look at the rebound up by one quarter of 1%. little change for the ftse. the best in worst-performing indust

news bureaus around the world. you can find more stories on the bloomberg at top . francine. francine: china's exports jumped the most in a year. shares on the shanghaiomposite today.ng some 30 tom, the headline figures look impressive. does it tells the whole story on china? tom: in a word, no. the headline figures are impressive but they are flattened by two factors. there is a significant base effect. back in march 2015, we saw a slump insect -- slump in exports. secondly, there was a week holiday for chinese new year back in february. it has been dragged back from february to march. what we do to try and see past that, is we look at the growth rate for the year to date it if you look at that, while china's exports are down 4% so far this year. not a particularly promising trend. francine: tom, we note that the operator who is spinning off its china's operations as sale -- sales jumps grows. there are specific factors when you're looking at a specific company. yum has some low reported issues in china a few years ago in particular with food safety scandals did it impacted just scandals. -- scandals. it impacted sales. china's rebalancing story has

news, we have to defend them. >> i would like to make a comment. i attended a conference in shanghaibout five years ago on united states, japanese, chinese, trilateral maritime relations. in reality, it is not trilateral relationship it was more like two bilateral relationships. this was after the instance of the bumping into the japanese coast guard and chinese fishing vessel. so we had chinese and japanese scholars shouting their papers at each other. what we have is kind of like during world war ii, china and the united states had a very close alliance vis-a-vis japan and during the cold war, japan and the united states had a very tight relationship vis-a-vis the soviet union and in part towards china, especially during the 1950's and 1960's and early 1970's. i do not recall any situation where china and japan were aligned against the united states. so we had this interesting dynamic. as far as addressing how we deal with china, we must continue to engage. we need to work with china as far as -- [laughter] we work with them on the anti-piracy patrols in the indian ocean off of som

shanghai is down. i wanted to do the pound-dollar. that is at 1.41. let's get to bloomberg's first word news. has extended gains for a second day after kuwait said a deal to freeze output can be reached without iran. u.s. industry numbers showed supply declined. minister hasance promised to stick to a plan to remove capital controls after the prime minister's sudden resignation through the government into turmoil. iceland is preparing for an heldn to free $2.4 billion by investors in glacier bonds. it's the last hurdle before the country can start exiting capital controls for households and corporations, which were imposed during the financial crisis.german industrial production declined in february. production fell 0.5% from the prior month compared with an estimate for 1.8% decline in a bloomberg survey of economists. global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. you can find more and's -- more stories on bloomberg's top . hans: it is one of the stories of the morning, and that is that pfizer has decided to terminate ,ts merge

low on news of a a death do to lethal airbags. .ollow me on twitter @rishaadtv please use #trendingbusiness. let's have a look at what is going on. the thursday session and hong kong and shanghaithe bottom of the hour. juliette: not too bad at the moment. we had that positive session coming through from global markets. dovish minutes from the fed helping out. also, a strong rally in the crude price. rising by over 5% in new york. helping out the energy players. malaysia has started, flat. singapore with again. tie one coming back after the shocker -- taiwan coming back after the shocker. up.nikkei 225 the asx 200 up as well. it is driving on the back of what we saw in the u.s. session. gas players leading that charge as the crude price rallies in new york. if we look at the main stocks, five out of the six arising, led by beach energy. course, the health-care sector also having a big rally in offshore trade over the allegan-pfizer deal, now off. those int some of australia, up by almost 1%. yen, upr story is that for a fifth session in a row. earlier this week, people calling for 110 by years end. of 1% alreadyrd against the dollar, so we continue to see that yen rally. some p

shanghai composite index up 1.4% in china. better exports for the month of march of 18% from last march. it's a little clouded, but the overall is good news. japan's nikkei to .84% and hong kong hang seng at 3% increase cost me half of 1%. lauren: sets of open to the outside. nice skin cemented up 1.4%. the cac in paris that 2.25% and the dax up 2.2%. nicole: dow futures up 84. s&p futures up about futures up as batman and the nasdaq is the best of the bunch of 32.1 that represents a gain of three quarters of 1%. lauren: stocks are up at oil is going back today. $41.58 a barrel. the 4.5% surge yesterday. the highest level for crude since november. the reason that reports a production category free second meeting this weekend. train to take a look at the key currencies today. the dollar is strong because the euro, pound, japanese yen on weaker against the greenback. transfer the treasures standing up 1.78% this morning. nicole: more problems for value pharmaceuticals. one of the largest bondholders as college fought because of the drugmaker's failure to file it in a report this year. "the wall street journal" said center bridge partners se

talks about a flat world and how a kid in texas or in south carolina competes with kids in shanghai or in new delhi in ways that they never did before. and so if you have a corporate rate that's too high, not surprisingly, corporations aren't going to come to your island. if you have a minimum wage that doesn't fit with the prevailing wage rate of that area, corporations or businesses, local and small, may not be able to start up and compete. you think about so many of the different building blocks that make for a vibrant economy, this is, again, a reminder of how important those things are. , i look at this and i'm perplexed. i'm really struggling with this issue. i looked just a little while ago, puerto rican bondses are still trading between 65 cents and 70 cents on the dollar, even though we have a pure math trap. which is to say financial markets are still betting that in some form or another, those bond holders are going to get bailed out. that's on the one hand. on the other hand, you look at the plight of the people in puerto rico, you look at what might come next, i empathize with th

shanghai, or else . there is a huge inventory overhang. we have supply going through the roof if oil prices continue to rise. unitll see new supply.e need a range. we will have excess supply coming in. part of the reason why which was not mentioned just now that we have high oil prices is some disruption to the supply recently for some of the suppliers in the marketplace. the market likes to play on events. it is like watching a barcelona game, or something. in real terms, economically, don't forget it is the average price not the range. i think the average price will be 40 or 45 for the balance of this year. earlier you mentioned how janet yellen is looking abroad and taking her cues from international benchmarks. what oil price do you think she is looking and as she makes her calculations? if you give your answer in a thick brooklyn accent. [laughter] d: she will be very happy with my answer which is we have 55 and and the upside we the downside would be 35. a scenario where oil can get out of this range. we alluded to that just before the introduction, what is really concerning is the middle east. cracksy, we've seen against th

shanghai, breaking down the latest data. peter joined us at the top of the show. we get so excited when there is good news regarding china.he exports data here. not be so if you said about china this morning, but it is the story. upgraded -- maybe i about not be so effusive china this morning, but it is the story. the imf even upgraded them. peter: everyone fears -- everyone's fears about global growth. were thetrade numbers only positive data that was coming out, i would not take much notice of them. as your correspondence had, they were building on other positive data that had come out earlier in the month. you also have the imf report upgrading china. you also have a couple of other things that are, in my view, looking quite positive. there is a leading indicator that i look at and that has been turning out quite positively. it looks like there is improvement going on in the chinese economy, which is very good news. manus: i am on a correlation roll at the moment. i am rocking it out. 120-day correlation between global stocks and oil. that is why i think there is so much. every word that comes out of , the iraq, saudi,