the nikkei tumbling more than 3%. japanese exporters sold off sharply as the yen hit a 18-month high against the dollar. and in europe, the ftse also

do look at this nikkei to five, and look at the same measure in shanghai.eally the story here. it has behaved itself quite a bit. here,green lines right have barely made it two standard deviations, that is point we were just-- talking with tom, to shrink the back door. briefly, let me end on this. ofyou want to get a sense what the option markets is pricing, that function on the terminal gives you the pricing. it is very confusing, because there are so many numbers. we are at these levels right now for 30 day volatility. this makes it a valuable function because you can get can look at this in 3-d. look at the front end of what is being priced. this is your front and right here, and as you make your way up down the line, this shows you that nobody really knows where to go. people are really pricing a protection for further swings in the japanese market. rishaad: thank you, very much indeed. drones to devices, we will speak to a drone maker in shanghai, taking you there next on "trending business." ♪ >> it is 9:44 here in hong kong, and these are the stories

the nikkei fell 1.4% closing at 16,412. the topix fell 1.3%. both opened in the positive but the dollar had been higher but soon came in for a bit of profit-taking. let's look at some of the main movers. pioneer, which was one of the biggest losers, tumbling 12%. that's on weak earnings reports for fiscal 2015, sales were down more than 10% on weak demand for car audio systems in emerging economies. net income also fell by 95%. now, as we have been covering all week on nhk "newsline," a lot of focus on nissan as well as mitsubishi motors. nissan rose 4%, not only because it took a 34% stake in mitsubishi motors but also it posted strong earnings and raised its dividend payout as a result. mitsubishi motors fell 1.7%, but only after it had been flooded with buy orders on thursday, so it wasn't too surprising that it came in for a bit of profit-taking. so looking at the week on the whole, the nikkei ended up 1.9%, thanks to strong gains earlier in the week. i am ramin mellegard from the tokyo stock exchange. >>> moving on to other markets in the

. >> the nikkei started in the positive. it's dipping into the negative. a lot of investors waiti inin i the u.s. jobs data. the nikkei dipping in the negative. it was up 100 points when it first opened. we're seeing a bit of a negative reaction here. the topix still many the positive for friday, may 6th. investors have been trading cautiously. we did see the dollar regain in ground after falling earlier in the week. that may boost exporters. many market players still on the sidelines. volume might be a little less than intended. commodity prices may also have a say as crude benchmarks really went through a bit of volatility in the three days that markets were closed. industrial metals saw volatility and negative price action as well. >> tell us about the dollar yen. it's really seen some swings. >> exactly. we did see volatility when markets were closed here. the green back hit a 18-month low. 105.50 on tuesday. it has obviously bounced back a touch. u.s. jobless claims data came in touch under expectations which puts the focus squarely on the main figure

the nikkei suffered in the face of the stronger yen today.oo much movement against the euro and the pound. also a quick look at gold prices. how is gold shaping up this morning? it is in the green and up half a percent, 1277. >> today's top corporate story. and this is a big deal. apple investing $1 billion in didi chew shiuxing the deal comd speculation. the company has hired automotive experts and although the firm says it is looking to focus on the incar experience, some are wondering if apple is looking to build a self-driving car. that is one speculation. apple shares dropped below $90 a share yesterday for the first time since 2014. concerns about slow demand ahead of its next iphone launch which is expected in september. that is the iphone 7, weighing on the entire apple economy and share price. there is the overnight action. watch out for stocks like these. interesting son so many levels. we care about the apple angle with the stock at 2014 lows. they don't usually do investments like this. the last big deal they did in the billions w

down onngle sector is the nikkei. have a look at the nikkei volatility index.e are looking at a sharp jump. it up there? there we go -- 18% higher. that is something to watch. a lot of people are starting to downsize. when the yen starts jumping around, expect people to be risk-adverse. volatility is higher than usual. we are watching shares of takata.at -- u.s. authorities are looking to to all cars that use their airbags. nitrate.nium we understand based on the report that the plant is going to be announced sometime toward the end of the month. shares are on the way to record lows. let me wrap up with an update on the japanese yen. hear low, theto same levels as mid-october 2014. boj --are the rishaad: absolutely. yen -- the u.s. has put japan on a watchlist for foreign exchange practices. what is this all about? shery: japan's finance minister media he will carefully watched the currency market to ensure that speculation does not continue in that he will take action if needed. the yen is at an 18 month high, refraining -- going against market expectations. t

the nikkei in japan up about the same.g down and the cost in south korea down 1%. the cac is the worst of the bunch. down a quarter of 1%. lauren:.features some 47, s.b. work on the down 10. nicole: but they would only list doing. down 39 and gold is up about $9.5. a look at the latest from the world of sports. the oklahoma city thunder rallied in the fourth quarter to beat the san antonio spurs last night. take a three games to two lead in the western conference semifinals. russell westbrook had 35.11 rebounds and nine assists. westbrook's seal the victory with a three-point play with six seconds remaining. oklahoma city can close out the series thursday in game six at home. in the nhl playoffs, the leak would still be the washington capitals 43 overtime. when the series four games to two. played tampa bay in the eastern conference finals. in baseball, chicago cubs beat the san diego padres last night for their eighth straight wind x innings of three run ball. chicago improved to 25 to six for the best start by nature the

that's after the nikkei said that u.s. regulators plan to push for an expansion of recalls that are already the biggest in automotive history. new reports of recalls were widened to all vehicles with air bags with the substance in order to stop deterioration. it would impact 100 million vehicles worldwide. a u.s. justice department criminal investigation into jpmorgan's hiring practices in asia. the bank admitted it is facing inquiry by the boj and fcc in a regulatory filing on friday. resources said in 2013 regulators were looking at whether jpmorgan violated antibribery laws in china. the bank hadn't named the agency until now. it is cooperating it says with the investigation. well, more stability has been seen at chinese factories. that implies further stimulus may not be needed at least for the time being. what do the latest pmi numbers tell sinus >> not exciting. 50.1. better than contraction. it shows the conditions or the sentiment is improving or is above 50. that means improving. below 50 more pessimistic. it had

the nikkei news say the many slump $45 each month. 51%.ing mitsubishi motors has lost half of its market value since the scandal emerged two weeks ago. the company says its very existence a be at stake. sharp is cutting 2000 jobs for management and battery operations. their new honor, fox,, is looking to change the company. they post an operating loss of 1.6 billion years -- dollars, but it could be as high as 2.3 billion. south korea got more than expected, shipping smartphones dropped 2.4%. imports are the same as last year. the traded ministries and says the global slowdown and lower oil prices will make export conditions difficult in may. and global port operators say they avoided a hard landing in china, but growth despite economic conditions. they rely a geographically diverse markets. they expect a return to growth in some european markets, and china remains a challenge. >> we are in china, many locations, jintao and others. you have to understand, china, china's biggest challenge in my opinion is cost. we are ranging 20% in labor.

just to show you the best performer on the nikkei, by 6%.his is after it went to $174 million, relating to the fuel testing scandal. investors seem appeased they are getting clarity on what this will cost the company. in shanghai, the market is down by 1%. that is actually a three-month low. reallyseeing crude price weigh on transportation companies, coming under pressure sending that market lower, hang seng coming after lunch break down one third of 1%. you can see the strong performer, up 2.5%. that is of course as we saw brent hit $50 a barrel for the first time since november. australia looking pretty good, up high one quarter of 1%. new zealand came through with a budget today, its stock index is up by 6/10 of 1%. we have seen the key we fall against the dollar, one third of 1%. you can see the regional index, weakness coming through from telcos, consumer, and tech stocks. the gas sector really supporting the overall half a percent gain as we see the crude price supporting. a lot of the energy players in the region also doing a lot of t

the nikkei average finished up 1.1% closing at 16,652. the index closed higher two sessions in a row and the topix also gained more than one percent. oil developers followed strongly following rise in crude prices, rising more than 3%. apple suppliers are in demand after it was announced that investor warren buffett purchased a $1 billion take in the phone maker. on the flip side, one of the biggest losers was japan steel works. it shares were down nearly 8% after reporting a net loss of over $150 million for the fiscal year that ended in march. the nikkei gained but we saw a fair amount of caution by investors. includes japan's gdp figures on wednesday. >> phoebe, thanks very much for that. >>> moving on to other markets, the shanghai composite was off 25% closing at 2,843, lingering concerns over the country's economy continue to weigh on sentiment. taiex at 8,140. apple parts suppliers after buffet announced purchasing a $1 billion stake. singapore jumped 1.7%. indonesian shares dropped down a fraction following a weak earnings report

the nikkei up 1% in the first few minutes of trading. the nikkei kicking off positive on hopes of more stimulus measures by the government and also, a weaker yen after having hit 18-month highs last week. now the focus today will be on three sectors, if you will, the energy sector, the high tech sector and banking shares we've been covering that of course. we'll follow energy related shares. we saw brent futures rose to a six-month high above $49 a barrel as goldman sachs had the glut and oil supplies reduced earlier than expected. now, japanese tech sector and component makers may rise today. that's after apple shares jumped nearly 4% on the back of a massive steak of around $1 billion taken by investor warren buffet. also check on banking shares after japan's biggest bank said it's net profit fell 8% in the last fiscal year and central bank's january adoption of a negative interest policy will likely push down loan rates, thus squeezing profit margins. other banks are pretty much in the same boat there. ai? >> ramine, the dollar yen co

the nikkei fell .25% to close at 16,106. that makes for a weekly loss of more than 3% for the two days that the nikkei did trade this week. the broader topix lost.1% on friday. sharp was down 8.5% after media reports that the struggling electronics giant will likely post a $2.8 billion net loss for the fiscal year ending in march. olympus, the precision instruments maker lower by 4.6%. takata tumbled 8.6% on continuing fallout from its faulty air bags. takata is recalling an additional 35 million to 40 million air bag inflaters in the u.s. the nikkei's recent slump has been triggered by the dollar's rise. the yen's strength continues to weigh on investor sentiment. >> thank you for the report. >>> moving to other markets in the asia pacific. shanghai composite dropping 2.82%. 2913 for the closing number there, the sharpest one-day fall in more than two months. analysts say resource related shares fell on recent volatility in the country's commodity market. sydney advancing by .25%. 5292. hong kong's hang seng slipping by one

overnight in asia, the nikkei is managing to turn a little higher at the moment. the shanghai composite a little in the green. european equities, this one interesting to watch. a couple cross-currents to watch. german dax down 1%. france's cac, down almost 1%.

lauren: in asia concerns about interest rate hike in japan, nikkei down about 1% and in china shanghai composite down three quarters of one percent. nicole: oil prices fell for the fourth straight day. lauren: facebook says there's no evidence of political bias against conservatives in its trending topics section but revamping that section anyway. we will tell you just how. nicole: in sports toronto beat cavaliers. all highlights coming up in sports. lauren: welcome it's 5:31 a.m. right here in new york, it's tuesday may 24th. welcome to fbn:am. , first look at morning markets and breaking news. nicole: egypt air flight 804. the egyptian forensic officials

nicole: despite better-than-expected economic growth in japan, the nikkei index down fractionally. shanghai composite down 1.3%. nicole: oil prices holding steady overnight. right now down 11 cents. >> a massive fire outside of scranton central station causing major disruption for commuters. the latest on the situation and if you can get to work today. nicole: big retail results take center stage for investors if we will hear more from home improvement giant most of a big-box retailer target and we'll tell you what to expect. nicole: lauren: the cleveland cavaliers rolled over. major league baseball disciplined 14 players after the wild are all during sunday's texas and toronto game. nicole: at his 5:31 a.m. in new york.

to peer lauren: today, the japanese nikkei up 1.1%. the shanghai composite in china and that the session slightly lower. nicole: oil prices ignite the stock rally with crude oil back above $48 a barrel. this is the first time this year. 4779, up 7 cents. lauren: news that the canadian oil sands have been evacuated as strong when stoked a huge wildfire in alberta. we will have an update for you. train to a site to watch day, definitely home depot. we'll find out how the home improvement is faring. lauren: the golden state warriors beaten by the oklahoma state and run their own quarter. in the msl playoff from pittsburgh penguin msl playoff comebacks for penguins tied with tampa bay at one game each. highlights coming up. nicole: 5:01 a.m. in new york. we welcome you to "fbn:am," the

the rise in price was the nikkei. the dollar-yen rates so em to be steady and behaving themselves. so we broke a six or seven-day losing streak for the nikkei. not a great deal of conviction on the markets right now. underlying sentiment still fragile because of the external picture remaining sluggish. back to you now, guys. >> sri, thank you for the update. we'll look at the early european trade as well. europe in the green quite significantly as you can see. the dax up almost 2%. france up 1.25%. italy is in the red because the italian banks are underperforming after the bank of populare said it needed to do a capital raise. let's also have a look at the currency markets this morning. we saw the nikkei turn in a good performance because of the yen weakness. and it's broadly a u.s. dollar strength story today also, but the euro is moving down a little bit. the pound, however, getting some strength but not too significantly, 1.4452. >>> the massive wild near in canada has consumed 400,000 acres and continues to rage.

the nikkei is down by over 1%. a stronger yen coming into play as well.ething good gains from jakarta. weakness when it comes to energy shares weighing down new zealand. we are seeing another day of gains and it comes to stocks in hong kong, really driven by gains in financials. this is how we are looking in terms of the yen. trading -- the yen is looking like this after g-7 ministers failed to reach any accord over the weekend. a little bit of strength despite that miss when it comes to export numbers. this is how we are looking in asia. we do have oil looking a little bit weaker. former pboc advisor says china may miss an historic opportunity if it does not invest in more infrastructure. it is the best way to boost growth and will not undermines efforts to overhaul the economy. stephen: the old recipe for kickstarting growth in china. when other measures are not working, throw money at roads, railways, bridges, airports, and the like. easily done with fiscal stimulus packages. a former advisor to the pboc, influential senior research fellow, he says the

the nikkei is now down. the nikkei closed down by 1%. hong kong eking out a slight gain.we look at european trade. the banks, insurance companies have led sectors higher. that's extended gains over the last hour or so. france at 1.4%. germany up 0.9%. announced in a survey, we saw current conditions increasing but expectations sliding. so a mixed bag of results there. and brexit was cited as one of the reasons why confidence is not as high as it might be. >> as for the broader market picture, the stronger dollar is really starting to show itself and become a key theme after four weeks of gains for the u.s. dollar strengthening again this morning. that the put something pressure on commodities. wfi crude off fractionally, down 3, it%. and brent the national mark sitting at $48 a barrel. it's down 0.5%. and nat gas is gaining. stronger japanese dollar against the yen and the euro, the euro has been weakening a bit. the dollar has been strengthening. and that has spooked investors in stockings and in commodities lately. we'll see if those gains continue. and the magnitude of

that's helped the nikkei.apanese stock market rebound just a bit higher. .4%. >> and towards the bottom of the nikkei toyota reported disappointing results. of course the stronger yen has been weighing on losses. now 2.5% in the red. >>> broader markets. the international energy agency said global oil supply rose to 96.2 million barrels in april. the iaea expects something. oil is up again following strong gains yesterday. 3.5% yesterday and do keep that in mind because we had strong oil yesterday. we had weak dollar yesterday and yet we had stocks off significantly. so usually those things have not all occurred. ed to the collar little more mix. you can see the strength against the yen. the dollar a little softer against the pound -- no i'm sorry. stronger against the pound and against the euro but not too significantly. basically flat. good look at gold as well. a new report from the world gold counsel found global demand soared during the first quarter. gold is off a little today. big factors yesterday we m

we are focusing on the nikkei today.e started to see the yen rebound and australia coming off of those eyes that it saw yesterday driven down by the a number we have had of commodity players fall even that crudeave seen price higher. just checking out what is driving that shanghai market down by 1.1% on the open. features were suggesting a selloff but not that tune. we will continue to monitor that in the next hours. just want to share some of the stocks that we are watching today. we are talking about takata searching. haveard and bridgestone disappointing -- driving the nikkei down. bridgestone has fallen the most vittorio to has forecasted 35% net drop after a fourth quarter is also looking of course and mitsubishi -- waiting for mitsubishi -- casio computer, the biggest drop on the broader after forecasting a profit below estimates just looking at some of the australian stocks. has surgedleisure after bumping up his profit forecast. myer coming forward. and westpac -- dividend. a lot of movers coming through in the r

this is a gauge of expected swings in the nikkei.en there and it has increased the gap between the nikkei volatility and the vix index in the u.s. the yen driving a lot. look at the yen. 106, the as much to strongest level since october of 2014. it has a raised the day's advance now. 106.47. still, the yen has strength. currenciesong g 10 here meanwhile, we are seeing dollar weakness. it weakens to its lowest level in almost a year, falling for third straight session p look at the impact it has had on gold. the dollar just drives, boosting gold. gold holding near its highest level in about 15 months, closing in on the psychological $1300 level. hedge funds have been missing the party somewhat because they have been cutting their holding by the most since they turned bullish in january. guy: thanks ray much feared let's turn our attention to a deal that will not be done, halliburton and baker hughes calling off the merger. we have more on this story. slumping oil prices, probably not helping the situation, either. >> they haven't. sit

. >> the nikkei is higher away from a near one month low topping a six session losing streak. it supported investor sentiment. the nikkei added about 0.7% finishing at 16,216. the broader topix gained .64%. ihi climbed 3.8%. toshiba added 1.35% as a conglomerate announced a top management shake up in a bid to shore up public confidence after an accounting scandal. seven & i holdings is up the president wants to outgoing chairman as an advisor. investors welcome the decision. >>> the china's worse than expected trade figures brings fresh concerns over the country's economic slowdown. we'll get more how they're doing with china's inflations numbers on tuesday. >> thank you. >>> moving on in china the shanghai tumbling closing at 2832. worries over state of the country commodity. looking at hong kong index up by a fraction. despite a plunge in shanghai. >>> look at the markets singapore advancing by 1.3% finally snapping the ten-day losing streak. sydney ending in gains. investors picked up related shares in higher fuel prices. >>> here is a look at some of the other business sto

for now, the nikkei and the topix trading in the positive. back to you. >> thanks for that update. >>> a japanese government survey shows that employees at one in five companies are working unreasonable hours. their amount of overtime exceeds government set criteria and that indicates possible health risks. the labor ministry conducted the research in december and january. more than 1,700 companies responded. it shows that 22.7% of the firm said some of their workers put in more than 80 hours of overtime a month. the government sets that number as criteria when it determines cases of death caused by over work. big companies with more than 1,000 workers nearly 57% said they have employees exceeding the guideline. by industry, telecom show the highest rate at more than 44%. research and technology service companies 40.5% and the transport industry over 38%. ministry officials say they will conduct more surveys and tighten supervision over the i.t. transport and other industries where the number of cases is particularly high. that's the latest i

the nikkei dipped below the 16,000 level for the first time in three weeks. for the details we go to our business reporter at the tokyo stock exchange. >> reporter: the nikkei fell 1%. it was the fifth straight session in the negative. the index more than a thousand points. broader topix fell more than 3%. it touched the highest level against the dollar since 2004. the exporter toyota lost 3.8% and murata tumbled more than 13%. the company projected softer earnings for the current fiscal year citing a higher yen shares fell 7% at panasonic. sonny down 4% after it reported an annual loss. but ana holdings doored 2.5%. tokyo will be on a holiday for the next three days. returning to trading on friday. >> giang, thank you. >>> moving on to other markets. let's take a look at south korea. declining.80%. manufacturing data out of china on sunday was weaker than expected. dragging down shares in south korea. let's take a look at australia sp 200. 5242 the final number. many other markets in the region were closed for holidays, including shanghai, hong kong, taiwan

stocks inshing up japan, nikkei up by one third of 1%.apan at a one-month five. still ahead, concerns over global growth, stopping short of calling it a crisis. we will hear which he seven leaders say about the economy in japan. ♪ ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin with politics. the state department inspector general criticized hillary clinton's e-mail practices. the review said clinton violated government policies using a government account for official business. the investigation is ongoing. the news comes as clinton faces renewed personal attacks from donald trump and a primary fight with bernie sanders. joining me is a political correspondent for "the washington

shanghai composite down 2.8%, nikkei in japan, however, up .7%, hang seng in honing song up 2.7%. nicole: let's check out what's going on in europe this morning. all up arrows and the london ftse up 3 quarters of 1%. lauren: stock in u.s. down, 4 t in the premarket. nasdaq futures up almost 14 points. nicole: let's check out key commodities. gold is down 13 and a half dollars at 12.80. lauren: twitter reportedly has barred intelligence to use data minor, services that analyzes from across the world. the wall street journal report that is twitter has not confirmed that cut agency off from service but the report quotes from senior intelligence official appeared to be worried about being seen too close to american intelligence services. twitter owns a 5% in data minor, service to have informed clients about the brussels terror attack back in march. 10 minutes ahead of the news media. nicole: california judge is expected rule, judge has indicated that he might dismiss case after hearing testimony from red stone, claims he was mentally competent and removed her as health care agent. sh

nikkei in japan souring 2%. kospi in south korea up three quarters of 1%.cole: credit swiss came out with great numbers. pandora the jewelry maker. we are seeing the german dax up 1% and london the ftse up nearly 1%. lauren: mixed relatively day yesterday, stock futures roaring back. nicole: let's check out key commodities, watching oil and gold specifically. oil is up 41 cents, 43.85. today relatively unchanged, 12.66 troy ounce. lauren: specific stolls including wallet disney. subscribers at espn continue to fall. also surge for new chief operating officer. he was widely seen as the air parent to disney. he plans to retire in two years. gap plunging after reporting worst than expected sales. wider than expected first-quarter loss but did back a key earnings forecast for the year. nicole: mass migration from south america to the united states leaves question of who is coming across our border. >> we don't know who we are releasing and what they're capable of. nicole: tornadoes rip across, where are they headed next. report from maria molina in oklahoma. s&

let's look how the nikkei and topix is topping off. the nikkei ended down half a percent due to a firmer yen. they took in the surplus as well as verbal disagreements following the g 7. another negative is the slump in iron or prices which hit ten-week lows. australia or for delivery to china for example was down $3 a ton or around 5.4% rising u.s. dollar also weighing on commodity prices. a strong dollar makes commodities more expensive if you're holding other currenciec. cautious mood seems to be holding a pattern over global markets. we'll see how it develops so far. >> ramin, you mentioned the dollar. tell us where some of the currencies are trading now. >> the dollar yen has come back a bit. let's look at the levels now. you can see what i'm talking about. 109.31. janet yellen will speak on friday, which also coincides with a second reading for u.s. first quarter gdp. now anything above the first reading of 0.5% growth would increase investors' expectations for a rake hike sooner rather than later. oil, prices have been a major dr

tuesday's closing levels, the nikkei added more than 2% to finish at 16,565. the broader topix gained more than 2%. shares of exporters were higher on the weaker yen, they included toyota and panasonic. some earnings figures also pushed up stock prices. mitts beeshi motors was up almost 2%. the company plans to compensate customers for possible losses due to the automaker's fuel efficiency data scandal. takata's shares tumbled more than 7% on the possibility of an additional recall of air bags that it sold in japan. tokyo shares outperformed the rest of the asian region. >>> thank you. moving to other markets of the asia-pacific region. the shanghai ended a fraction higher. 2832 the closing number. many investors still concerned about china's slowing economy. share prices in the philippines. meanwhile, advanced one day after the election there. up 2.6%. a wide range of shares were higher following news reports that rodrigo duterte will be the next president. the hang sang up .4%. as x200 gaining by .4%. banks saw gains but resource related shares ended lower o

the nikkei gained 200 points but later on profit-taking kicked in. looking at the closing levels on thursday, may 19th. the nikkei 2225 finished plat at 16,646 and the topix fell .14%. on to individual reports. suzuki motor admitted on wednesday that it didn't use a government-authorized method for gauging fuel economies of its vehicles. the company stock fell sharply after the story broke but on thursday went up 3.5%. over on the energy sector reports in the rise of crude prices took a toll on sentiment. oil developer impacts fell 6%. commodities took a hit as the dollar gained strength. overall investors remained cautious in trading. they will turn to the g7 meeting of finance chiefs starting on friday where currencies will be a major topic. >>> phoebe, thanks very much for that. >>> most other markets in the asia-pacific region ended lower. hang seng down by .7%. singapore declining 1.3%. soured by the minutes from the federal reserve's april meeting suggesting a rate hike may come in june. into china, the shanghai composite declining by a fractio

you touched on it but the nikkei on monday broke six straight days of losses, which had actually seen it fall around 8.5% in that period. however, with the rise in dollar it helped sentiment among key exporters but an analyst pointed out the dollar remains stubbornly at low levels against the dollar and yen and that may eat into a lot of the profits or earnings reports from japanese companies coming up with earnings reports this week, especially and that may even offset some of the strong sales that we've seen so that's going to be a big focus. >> so taking that into consideration, tell us where the dollar yen and key currency pairs are at right now. >> the dollar yen is interesting. in fact, it's retraced around almost 3% from the 18-month lows set last week. if you remember it was trading around the mid 105 yen levels. look now 108 spot 42. i want to touch on oil prices, as well. crude had risen on disruptions in canada's oil sands region but we saw it reverse and slip around 3.5%. now wti is also suffering so will definitely keep track of energy and oil related shares today. now li

the nikkei fell more than 0.9% to close at 16,498. the broader topix lost .9%. the dollar-yen pair was at a one-week low at one stage. they weighed on exporters. kubota underperformed 4.3%. toyota and mazda were lower and toyota was hit by the recall of an additional 1.6 million vehicles in the u.s. equipped with faulty takata air bags. meanwhile there are reports that nissan is considering selling its 40% stake in auto parts maker to fund research and development of electctric vehics anand other technology. the news sent shares of calsonic tanking. this week investors will watch revised gdp and the speech by janet yellen on friday. >>> thanks very much for that. many investors throughout the region traded cautiously following the comments from some u.s.-fed officials. seoul's kospi index pell by .9%, closing at its lowest in nearly three months. singapore also declining by .6%. in china the shanghai composite declined by .8%, 2821, snapping two days of gains. lower commodity prices hit resource related stocks. the hang seng gained by a fraction, 19,830 as the c

it was the fifth session in the row the nikkei average gained ground. for the details we go to giang nguyen at the tokyo stock exchange. >> shares in tokyo got off to a bit of a wobbly start. as the dollar rebounded many investors picked up export-related stocks and the nikkei climbed almost 1% to close at 17234. the five days of gains made for the longest winning streak since last november. index reached a five-week high. for the month of may it posted a 3.4% increase. the dollar has gained more than 4% in one month. fed chair janet yellen suggested that u.s. interest r rates coul be increased in the coming months by helped boost the greenback. the relativelyy w weaker yenen boon for export-heavy shares. toyota and mazda both higher 1.8% and 2.7%. panasonic rose on the shift away from making lcd panels for tvs. shares down 3.6% to hit the highest level in a month. inpex g gained for another day oil prices climbed. many market players are watching for the latest manufacturing index for china due out wednesday and an opec meeting thursday. they will be l

the nikkei index sliding a quarter a 12:45%. in china the shanghai composite sliding 2.7%. lauren: after two days of gains let's check oil, $44.27 down 0.1%. nicole: the raging fire in canada burning an area the size of new york city as canadian officials begin airlifting people to safety. lauren: the shares rocket after charlie gasparino reported the government is close to ending its investigation. nicole: a triple overtime thriller in the hockey playoffs, the game ended a few hours ago. find out who came out on top at the kentucky derby. we have the odds on favorite to win. nicole: it is 5:01 am, friday, may 6th. your first look at what is moving into the markets, the latest breaking news, what to expect for the day ahead. >> paul ryan is not ready to support donald from. >> not ready to do that at this point. i hope to. what is required is we unify the party. the bulk of the burden on unifying the party comes from our presumptive nominee. nicole: republican national committee chairman rights priebus has a meeting with paul ryan. >> donald trump and paul ryan our meeting

they are slightly in the negative for both indexes, nikkei and broader topix.e're at the levels we haven't seen since late april. yesterday the nikkei closed up 1.4% helped largely by the weaker yen or stronger dollar, if you will and we'll check key export sectors today, as well with autos, high tech, precision instruments and heavy industrial equipment makers all in big focus. the dollar has risen steadily since janet yellen's speech on saturday when she said a rate hike in the coming months would be appropriate. now many also will be watching the price of crude oil. that's really been a driver of the global markets and crude oil futures wti have dipped to touch after traded over $50 a barrel last we're if you remember but they are now trading a touch below that key level. the opec meeting on thursday will definitely be a big focus. >> ramine get us updated because since last friday, looks like the dollar has been inching up gradually rising. what is going on today? >> exactly. it had been inching up but look at it now. it's just coming down below the 111 lev

the nikkei up .4. hong kong having a good session ending a decent week in asia. europe more mixed today but coming to the end of a very very strong week in europe. so taking some profit. not too much of a surprise. particularly that we are awaiting that speech from janet yellen. over the week the stoxx europe 50 is up 3.6%. so those declines of about a quarter percent in perspective this morning. >> the broader markets we just mentioned the dollar. strength in the dollars part of the reason for the slight pullback in the oil markets. we are seeing dollar's strength against the euro as well as the against the yen. against the euro 111. against the yen 109. against the pound 146. >> treasuries look at interest rates this morning. the 10 year seeing a yield of 1.82%. of course, we'll see how duffyish or hawkish her tone this issen afternoon in light of recent hawkish fed speak and look at gold. a slight pullback this week. although today for gold it is up just slightly at $12.23 an ounce. >>> wrapping up the week with a pair of public reports and more. we get the fi

japan's nikkei drops 1% and shanghai shanghai composite fell about 1%. nicole: it is revamping it, anyway, we will tell you how. in sports toronto raptors beat cleveland ca lears evening the series. san josÉ sharks go up three games to two after beating st. louis blues. nicole: welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. frustration is growing around the country. check points, the head of the agency sent an internal e-mail to staff members yesterday announcing a series of shake-up to agency leadership. at the top of that list is replacement of kelli, tsa's assistant of offices security operations, members of the house committee expressed outraged in a hearing earlier this month over a 90,000-dollar bonus hoggan received. lauren: also breaking this morning. virginia governor reportedly under investigation. sources tell fox news inquiry is focusing on democratic governor violated campaign finance laws during campaign. 20,000-dollar donation from a chie necessary businessman through u.s. businesses.

what do you think about the nikkei? jeff: the nikkei is a again story.the nikkei is a yen story. yen strength is anathema. monetary policy has moved to the antithesis of gold. they are printing money based on paper, which is government bonds, and gold is just -- am: is jeffrey degraaf seeing bull market in gold because of a lack of theory or underpinning theory with what chair yellen is doing at go -- with what chair yellen is doing? carl: the increase of the industrial level, electronics and so forth, the stories i'm hearing about gold are more fundamentally based, and they agree with what he says. tom: technology stocks -- ibm, not the romance with facebook -- tell me about the boring tech companies. jeff: i had a wise mentor say to me that in the long run all technology companies make toasters. i think that is true. ibm makes toasters. google at some point will look like they make toasters. vonnie: do you even look at their charts? jeff: absolutely. but the difference between what tom wants to talk about and what he does not want to talk about arehe o

sg >> the nikkei average edged higher. the gains were capped as some investors moved to lock in profits. let's look agent the closing levels on wednesday, may 11. the neat okay added 0.08%. the broader topic lost 0.04%. toyota announced results after the markets closed. its shares fluctuated before ending down. suzuki climbed 4% at its net profit increased 20% on strong sales in india. sumitomo soared after it posted a rise from profits. softbank group was up as it saw a profit of more than $9 billion. they had strong domestic operations and cost savings at its u.s. subsidiary sprint. japan display had a loss of $290 million for the year that ended in march. the supplier saw sales dented by sluggish demands for iphone. as we continue, investors will keep their focus on company results and as well as the movements in the japanese currency. >> thanks very much for that. moving on to other markets in the asia-pacific region. the shanghai composite was up. the food and pharmaceuticals sector saw gains. analysts say many market

the nikkei average managed to snap two days of losses after overnight gains on wall street.let's go to giang nguyen at the tokyo stock exchange. >> following robust housing data out of the u.s., gave a boost to shares in tokyo. the nikkei added more than 1.5%, finishing at 16,757. that's the highest close in four weeks. the broader topix was up 1.2%. sony soared more than 6% despite a weaker than expected earnings outlook. investors chalked it up to one-time losses from the kumamoto earthquake and focused on the company's long-term growth prospects. energy sector shares are advancing after benchmark wti and brent crude futures jumped above $49 a barrel. two companies were up both more than 1%. companies related to domestic consumption also gained. furniture retailer nitori rose 5% on strong sales in may. the operate of of the emoji brand jumped 2%. and fast retailing was up 3.9%. now, the focus will be on the g7 summit. we'll see if any coordinated action comes out of the meeting to keep the rally going. the summit starts on thursday. i'm giang nguyen reporting from the toky

the nikkei in japan up almost half of 1%. there's speculation the bank of japan could expanded stimulus program this summer. the hang seng in hong kong down .7%. nicole: here's a look at europe right now. looking at the financial sector under pressure. the london ftse done fractionally. german dax down one third of 1%. today's the day we hear from the bank of england. lauren: they call it super thursday. up 64 points looking at dow futures at 23. s&p futures up 9.5. watching oil closely. that is up 1% at 43 cents. gold is down $2.60. lauren: this is how the dollars trade-in against key currencies. strengthen the canadian dollar in the mexican peso versus the u.s. dollar. but it makes for the pound, euro and japanese yen this morning. lauren: 1.73% bond yields. lauren: mesas reporting is worse orderly sales yesterday sparking fears of a slowdown in consumer spending. mrs. stocks fell 15% into destiny. shares down 52% in the past year. in the most recent quarter that at this rate declined. the designated a selloff across the lu

in general, because of a good move for the nikkei.had the japanese finance minister once again saying that he's willing to intervene if the yen strength continues. after saw the yen fall. and you can see hong kong and shanghai basically flat. europe has seen positive tiffity. despite disappointing output data from germany. markets have some rugged that off. we're looking at 1% gains for most of the markets. banking sector is doing well after credit suisse reported a gain. shares up 5.5%. albeit still down 40% over the last year. the bond yields falling over 10% over six months today after they get near to a payment of existing bailout deals. at 7.1%. >> debt relief until 2018 with greece with terms as a somewhat bridge compromise wean the imf and germany on opposite sides of the issue. looks like we've got resolution. greek bonds are rallying. and rebound with the storm can it last? dennis gartman, founder of the gartman lett wti is still below 44. you would think, with some of the supply concerns out of canada and wildfires, i heard