this is the oecd catching up with the markets. figured out that global growth was starting to slow. trade wars, tighter monetary i think it's more just catching up with what we already suspected. david: is it right? has it bottomed? if so, where is it going from here? managere a bottoms up using a multiyear time horizon and we try to capitalize on stocks we think are attractive on a current and midcycle basis. predicted to trying to macro things, we take advantage of those in both directions to create buying and selling opportunities. the volatility -- the markets predicted what we've seen already in terms of the data. we took advantage of that in 2014 to add cyclical exposure. alix: what is your favorite pick, then? n, haveower ticker ma european exposure -- heavy european exposure. --s is a case of a stock industry-leading company that lost half of its market cap, traded at a high single digit earning multiple. slowdown inassume a business, we thought the stock was still attractive. .air value is over $100 a share as manpower ea

when it comes to china, oecd expecting expansion too slow to 6% next year, from 6.2% in 2019. remember, this was before china itself lowered its growth target 6% to 6.5%.f know blackberry is celebrating his 35th anniversary this week. history started with pagers turning into hand-held phones, transitioning into software, and is now poised to develop ai and machine learning. with the claims of their future we have the ceo john chen. thank you for being with us. this is a week that marks 35 years, you are an iconic canadian company but also globally known for that handset. you don't want to be known for the handset anymore. reflect on how far you have come. you have been a turnaround guy. are you now taking the company to the next age? john: absolutely. thank you, ladies. march is our 35th anniversary. we have moved beyond the handset. it is no longer a turnaround party. it will really turn into a growth story. i came about five-plus years ago, and we are very proud of our heritage, our handset business, but we are going to move into a much more bigger, higher growth market. the

is not supporting the entry of the oecd, is the u.s. government going to formally support brazil entry on oecd and what have you asked for trade off? >> pres. trump: we will be supporting. we will have a great relationship in so many different ways, that is just something that we're going to be doing in honor of the president and honor of brazil. we will be asking for things, but not necessarily having to do with that. we'll have a very fair relationship. okay. >> thank you. >> thank you. >> does the united states expect the influence of china into brazil? yesterday it was mentioned they were going to incentivize relation with china. how does the u.s. see that and what you said about about president trump and chinese and brazil? >> like i said, brazil will keep making as much business with as many countries as possible. no longer business will be found into the ideology that it used to be. we are also following this objective for the good of our peoples. >> pres. trump: thank you, mr. president, i appreciate it. thank you, everybody. th

from three fours in speaking t o the oecd's chihief economist los boonone about what it means for the u. k. in particular. we've revised down no protection fofor the u. k.. which is now supposed to add to thee to a bit less than 1%. and it's sad you to some extend to the brakes eaten the impact it has on on investment as we were mentioning. with abuse the the u. k. ease and o on the e economy and the tool so being dragged down. by the uncertainty created and to some extent the s slowdown in china which is another one of our concerns. you can see more of that interview and a more in depth look at how breaks it is affecting britain's finance industry.. on this weekek'seople and proro. another consequence of brexit the european banking authohority his family begun transferrrring itits operations from london to paris. on wednesday a signing ceremony was held here in the french capital which welcome at the hundred and eighty staff members of that financial watchdog. new office in the lead defense a business district just outside of paris but you can see there - will be opening its doors on

weighing on the global economy. >> economists saying global growth has started to bottom out. .he oecdegs to differ they are cutting that to 3.3%, the euro area only growing 1%, and the u.k. less than 1% as they face a host of uncertainties from brexit. china downgraded to 2% in 2019. this means the u.s. versus the rest of the world, the trade of last year. it has been the trade of the last two years. index up 18% versus the msci ex u.s., up 6%, so three times the outperformance. we will see if that trend continues as the u.s. is the only one that will have growth revised higher in 2020, u.s. versus the rest of the world. >> the huawei cfo is under house arrest in vancouver, now suing canadian authorities, alleging she was wrongfully detained in and searched. the canadian government began the extradition process at the request of the u.s. for what is she alleging here in the suit? >> that the way she was taken into custody was constituted an unlawful detention and interrogation in search of her property. she was taken into custody by border security, not formally arrested, which would

data thate this oecd seems to be gloomy as well.: yet the oecd cut the estimates for global growth by 2/10 of 1%. fed, as recently as december, was raising rates and said the outlook looks pretty strong. fairlyly, things have dramatically changed. some of that is the u.s. -- in the u.s. seems to be because of physical -- fiscal stimulus. you had huge growth in the second and third quarter after the $1.5 trillion tax overhaul and a big spending bill. year.s waning this really affected by china. china's slowdown has been much sharper and effective. caroline: we will have to leave it there. in presidentsten trump speaking with none other than tim cook. take a listen. >> the number of jobs versus the number of candidates. we are proud to take part and alignment get this much better between education and private sector. we realize that in something this large, it takes government, private sector and education going in the same direction. we are proud to be a part of it. pres. trump: thank you, tim. kim? >> i want to echo my appreciation

ustr is not supporting entry of brazil in the oecd. is the u.s. government boeing to support brazil's entry on oecd, what have you asked for tradeoff? >> we will be supporting. we'll have a great relationship in some different ways. that is just something we're going to be doing in honor of the president and in honor of brazil. we will be asking for things but not necessarily having to do with that. i think we'll have a very fair relationship. okay? reporter: thank you. president -- >> thank you. reporter: [speaking in native tongue] >> translator: does the united states expect the influence of china into brazil? yesterday paul mentioned it would incentives relations with china. how do you see that and what president trump said about the chinese in brazil? >> translator: brazil will make as much business with as many country as possible? no longer business will be found into the ideology as it used to be. we are also following this objective for the good of our peoples. >> thank you very much, mr. president. i appreciate it. thank you very much. t

we should get on the record that the oecd did cut global growth forecast around the world including u.so 27 to 26. >> this is what is happening and what people react to yesterday in the ge conference, also 3m, big worldwide company, things less sanguine than people thought. you would expect that the health care stocks would be doing better in this other than lily and maybe merck, doesn't have much going but there is a belief that that's the forward looking and there is a belief that's the backward looking, listen to sam zell, told us -- reminded us the government shut down let's not extrapolate that i'm a little more bullish in the numbers. i think retail will be very strong in the spring >> we got a ton of decent retail, revenue ahead at bj, at ross store, at dollar tree, at anf. i think only urban had it basically in line. >> urban conference call was so negative because they were so hard on themselves matthew boss saying get out of the nice call. i have to tell you, i thought ross stores was much better. they brought back a ton of stock. one of the underlying themes, how much money -

shery: no wonder the president also voiced support for brazil being a part of the oecd, given the facthe is not a fan of international institutions. >> it is kind of ironic, right? there is a lot of anticipation at this press conference, and it will not just be about the dynamic between brazil and donald trump. i'm sure he will be asked questions about the mueller inquiry, his comments about john mccain, which he doubled down right before this meeting. it should be a very lively affair, but i do think cementing those relationships with brazil will be a relatively easy task. giuliana, when you look at how the market has responded, looking at the potential reforms coming down the pipe, the brazilian stock market at all-time highs. from a policy perspective, economic data suggesting there is uncertainty as to whether these policies are going to take hold. does that dial up the pressure to get something deliverable out of these meetings between brazil and the united states? the main thing for brazil investors is the pension reform. the economy minister is there when bolsonaro in the u.s. a

saying he is inclined to make resilient non-nato ally and he supports brazil's efforts to join the oecdhe also says all options are on the table regarding venezuela. could you see them coming together to do something about venezuela? what is the plan there? military has as clear position about venezuela, which is they support president trump's and other countries efforts to get maduro out of the country, to get maduro out of power. they do not support and intervention -- a military intervention. they want this to be done through diplomatic channels. in terms of what this means for the president of the united states's relationship with brazil, the president took a great deal of interest in the election that is just taken place which put mr. paulson aro onaro in -- mr. bols place. it is interesting bolsonaro has modeled himself -- can you describe how the relationship is seen in brazil? walter: some people like to call also narrow the trump -- bolsonaro the trump of latin america. investors are looking at this with regarding brazil's foreign-policy, and especially that policy that is spon

trade data disappointing the oecd also lowering. great news when comes to the global economy. we do have aussie data out in the next hour. this is bloomberg. ♪ haidi: good morning. asia's major markets have just opened for trade. shery: good evening. sophie: i'm sophie kamaruddin in hong kong. i'll come to -- welcome to "daybreak: asia." haidi: our top stories, news about growth. foring expansion forecasts asia and europe. giving the markets a boost and driving the campaign for reelection. shery: and bucking the trend by betting on the jumbo jet. sophie: we are seeing a risk off mood. the yen is gaining ground. course, friday's u.s. job data. the korean won is trading just thew that handle below dollar. stocks in sydney, shares rising for a second day. the aussie dollar is holding onto overnight losses. i want to highlight really quick , spiting freight third straight day. haidi: let's get you to the news with elena. >> reaching about $20 billion when it complete capital raising. it has not set a limit as it approaches. the largest

oecd cutting its outlook from 3.5% to 3.3%.ould get worse as risks pileup. among them, trade disputes, a disorderly brexit or financial problems. carlos ghosn walking out of a jail in tokyo after 108 days behind bars. the former nissan chairman posting in bail. it is one of the highest amounts ever in japan. freedom will give him a chance to work closer on allegations of financial misconduct. prosecutors could extend a arresting him on new charges. another defeated parliament over the revised brexit deal. smitherg learned julian -- next boatop will be tight. in hopes that will feel a market rally, bloomberg learned the president is concerned the lack of an agreement could drag down stocks. the president is looking for a win after the summit with north korea's kim jong-un collapsed. global news 24 hours a day, on-air at tictoc on twitter, powered by more than 2700 journalists and analysts, in over 120 countries. this is bloomberg. tom: thank you so much. commodities, let's get through it weekly. on to alan ruskin. wait does the

address the oecd projection, is it really trade slowing down global growth?it is hard to pin everything down on one factor, but an interesting theme, as growth slows in europe, there seems to be the foreboding of slowing growth in china and the u.s., and one common theme is business and consumer sentiment seems to be weakening, and that is having a dampening effect on investment growth, private investment in particular. so that is not bode well for short-term growth, but also for long-term growth. and with things that could be affecting investment, 1-wood think that trade -- one would think that trade is an important part of why the weakening sentiment is leading to weaker investment. david: if there is reluctance to invest, does that suggest that if we did get a deal with china, almost regardless of what the deal actually said, that would relieve a lot of pressure? eswar: not quite. my baseline assumption on the deal, i suspect there will be a deal, is one where there will be the escalation of tensions, where the u.s. agrees not to move from 10% to 25% and c

kind of fragile pattern, i would also talk about uncertainties in the euro zone area as well as in oecd my othertes heavy oil. they need electricity supplies to get the oil out of the ground, and so the iea has spent a lot of time looking at this and says this could be a real challenge for the oil markets. sfla there's a direct interplay there, and i think that is something that would be occupying u.s. policy makers in a big way, but there is some good news in terms of security of supply, which is that opec producers in the gulf region also produce this heavy crude oil, and they actually have quite a lot of spare capacity, the iea is saying today. because they've been cutting back on pruksz, countries like saudi arabia and iraq, you know, they do have the spare capacity to step in if as is quite possible, we see a really, you know, precipitous drop further in venezuela, and there are others out there willing to step into the gap they notice the russian exports of crude oil to the united states have actually increased quite significantly in the last month. russia also produces a fairly h

that i is sam number was fantastic but we are seeing most of the oecd leaders and indicators roll over so there is this time when the lack of clarity is striking and the markets are in a challenging spot and it is a hard job these days. >> every shot makes someone happy. if you are a bond bull, you have 20000 and jobs. if you are a bear you have plus .4 in average hourly earnings, it will take a few more months to see which of these manners the mouth -- most. i would still be longer come a not shorter. rangehave had such a bound market through 2019. yieldsek became -- when broke out and we were talking were going to drift and we rolled over again. >> we like treasuries still and diversifieda very portfolio. the fed will be patient for the first half of this year if not beyond. inflation is contained. so we like the yields and it does still offer a good hedge and a risk off environment. we like treasuries. >> inflation expectations, a little bit of a inflationary impulse. even no -- though the data has not been great. >> i read into the market is looking through this temporary time of n

most international organizations, the oecd, world bank, many think tanks have warned that these escalatingble trade war protectionism is bad for global economies. tariffs are not making us richer in any way. of course, we are so interlinked with each other. it has an effect on all of us. situation,ar is the it would be worse. that was the trade commissioner speaking to bloomberg. interesting, the links into the european economy and global trade are evident and much talked about. with that in mind, what is your assessment of what we heard? there was no ecb put there. others say that he did it too little in terms of stimulus. there are too many conditions attached and the guidance. . ghadir: they are being cautious globally about ensuring worries about global growth does not transpire to being a full-blown influenza. when we are talking about is both the ecb about what they they were doing and of stimulus in their view to enable the global economy to have a softer landing. you can't really tell the outcome of it. whether it is the trade wars we're talking about and in china , because these u

that number was fantastic, but we are seeing most of the oecd leaders and leading indicators roll over. this period where the lack of clarity is striking, and markets are in a challenging spot, and you have to look through it. it is a hard job. kevin: in golf, they say every shot makes someone happy. today, if you are the bond bull, you have 20,000 jobs. if you are a bear, you're got plus 24 in average hourly earnings. it will take a few more months to sort out which one matters. i doubt there is another 11 sent increase in wages in the next month, but i would be longer than shorter. jonathan: it has been difficult to know what to do with treasuries. we have had such a range bound market. last week, a total head fake where yields broke out. we talked about how we would drift high, and then we rolled over. your thoughts? marilyn: we like treasury and diversified portfolio. decent yield in treasuries. we think the fed will be patient for the first half of the year if not beyond. inflation will remain contained. we like the liquidity, the yield, and it offers a good hedge. i think we like

the oecd added to the sour note, saying momentum in the u.s., u.k., canada, and euro area is slowing.h there are signs china is stabilizing. tracy and yousef got more with a senior market analyst. guest: having think a lot of this will come down to the interpretation by the attorney general as to whether he can change his previous legal advice about the lack of safety on the previous backstop measures. the forex markets and investors in general have had itchy trigger figures to buy sterling on no news is good news sort of situation. the technical picture does look good. resistance.ong we do come through to a third vote with and ask for extension. the market will still buy sterling. if by some chance, prime minister may gets the approval of parliament tonight and there are no more votes, which is, i think still quite difficult. but if she did, i expect sterling to resolve substantially higher very quickly. ofsef: jeff, another piece context on the sterling and cable trade, gtv for our clients. risk reversals hitting a 10 week low. what exactly would you recommend to clients, then,

there re discussions going on at the oecd in paris at the moment about trying to redesign the tax system fixed some of the problems that these kinds of issues are addressed to. if we takessions -- a longer view, they have beenen going on for many, many years, but more recently they have been focusing on the digital% problems. i think there are probbems of the international tax system, which certainly apply to the digital companiee, but they apply much more widely. required is to fix theooperation international tax system. it is far too easy for companies to shift profits around between countries and make those profits appear in the low tax jurisdictions. >> are you optimistic that an agreement can be done, if we have taken years and we still do table?ve a proposal on the >> i think if you had asked me a year or two ago, i would not be optimistic. i think there has been a real change in the nature of the discussions that have taken ince in paris at the moment, much more funnamental change in the international tax system that our countries have been willing to think about before, and reall

the usgr is not supporting the entry of brazil in the oecd. is the u.s. government going to formally support entry on the oecd, and what have you asked as a trade-off? >> we will be supporting. we're going to have a great relationship in so many different ways. that's just something that we're going to be doing in honor of the president and in honor of brazil. we will be asking for things but not necessarily having to do with that. i think we're going to have a very fair relationship. >> thank you. and president bolsonaro -- >> translator: thank you! >> president bolsonaro -- >> translator: does the united states expect the influence of china into brazil? yesterday it was mentioned it will incentivize relations with china. how does the u.s. see that and what you said about president trump, the chinese in brazil? >> translator: like i said, brazil is going to keep making as much business with as many countries as possible. no longer business is going to be found into the ideology, as it used to be. we are also following this objective for the good of our p

would help brazil in becoming an oecd member and that is a major policy win for the for the brazilian president, bolsonado. brent: it was reportedly not expected by the allegation from brazil today. oliver, thank you. as we heard there, both the u.s. and brazil support efforts by venezuela's opposition to oust president nicolas maduro. as that countries crisis -- economic and humanitarian crisis drags on, many are making the difficult decision to flee. many are seeking refuge in neighboring colombia. >> these people have picked an unusual route out of venezuela. with the border to columbia close, they are using what are known as illegal trails that lead right through the river. it's dangerous, as they are controlled by criminal gangs, and they demand a high price. but such is their desperation that they are willing to take the risk. around one million venezuelans have sought refuge in columbia. many say they have lost all hope.. >> i come from an agricultural zone. it was oncnce a very p productie area with lots of smsmall farms i am a small farmer from there myself. unfortunately, i

and he suggested that france should wait for the oecd to lead the way. france french finance minister brutal america said though that as a sovovereign state fronts hd the right to impose whatever taxexes and wanted. what do i think that instead of issuing threats it would be more constructive a france and the united states works together on an international digital tax? six is what the eururopean union has been advocatingng. secocond what it's become obvios ththat we need t to have fat and effective taxation the digital economy we can to work hand inin hand with the united states the us admininistrationn and my counterpartsts stephen minutes . which so that's the only way forward and so wewe see the whie digital taxax to be implementeds soon as possible. shaping up to be another bone of contention there think laura i think site kay thank you very much and dates k. wee doo that with the business was taking a short break to go away [captioning made possible by democracy now!] ♪ amy: from pacifica, ththis is democracy now! >> we are going to see donald trum

we have the oecd downloading -- downgrading growth forecasts globally.he central bank is going to cut its forecast. we have a bloomberg scoop we will get to. futures under pressure here in europe. i want to mention the bond markets. the scoopon the ecb, inflation forecast would be lowered enough to talk about a s, 10-yearof tltro gilt yields dropped. that was more to do with comments from michael saunders of the boe. let's check on the markets in asia. juliette saly has more. what can you tell us? juliette: it is a lower day-to-day. risk off movement. a lot of money going into the yen and jgb's ahead of the boj. you had one company in japan saying citing a slowdown in china which saw its shares limit. 1%.can see the csi 300 on the shanghai compass it looks like it is closing in positive territory in shenzhen. they continue to outperform. india flat. australia's market did well despite disappointing economic data. retail sales missing the mark. let's have a look at currency moves. the yen has seen a one-week high ahead of the ecb meeting, awaiting that jo

trump said he wanted brazil to enter t the oecd group all developed economies. even said he would push for resale. to join nato forces would step aside. i also intend to designate brazil as a major non nato ally. or even possibly if you start the a n nato ally. have to talk to a lot of people but maybe a nato ally. which will greatly advanced sesecurity and cooperation betwn our countries. our nations are already working together to protect our people. from terrorism dress trans national crime. and drugs and weapopons trafficking. also you mean traffic in which is really become something that's come to the forefront of crime. it's time to overcome old resistance and explore the very best potential that there is between brazil and the u. s. well it's fair to say that bristol now has a president who's not anti american. and that hasn't happened in recent decades. well to tell more about that visit i'm joioined on the line y anthony pereyra a professor and director of the prison institute at king's college in london thank you for joining us. now i'm as we had today

rishaad: this is what the oecd said earlier this week am a downgrading forecast. the bright side, japan, gdp numbers must be pleasing. we are looking forward to trade data. there is only one direction, read across the screen. this, as we saw what happened on wall street, negativity there. down for a fourth day in a row. down.ng kong market, 1.3% the nikkei shrugging off that good news with regards to growth. let's look ahead. an hour before trade numbers out of china. let me bring up this terminal chart, showing january. there was a big surprise. we saw this move. stronger than expected china trade data coming through. the bottom chart shows yellow exports, up 10%. imports also climbing, but just about flat. the monthly trade balance bouncing back again and defying predictions. that is the position we do have. were looking for that number and about an hour. find out what is going on with regards to our mliv commentary in singapore. tell us about what is going on with regards to these equities in china with this cross the board slide for main indices. people willhi

i want to acknowledge your work on oecd. i plan to pay close attention to these developments especially in light of france's imposition of a digital services tax. i encourage you to stay in close contact with us. i encourage you to reach out on the basis of staff work to shared priorities. at the top of the list is infrastructure. your comments have been encouraging. the president's comments have been encouraging on the issue of infrastructure, repairing roads and bridges, investing in the 21st century infrastructure system a win for everyone. i know and expect that we can count on you to partner with me and my colleagues on this very important initiative as well as other ways to grow the economy and increase opportunities for the middle class. with that, i want to recognize ranking member brady for his opening statement and point out that mr. brady and i are in full agreement on st. patrick's day. mr. brady: absolutely. thank you, chairman neal, and thank you, chairman mnuchin, for being here with us to discuss the presiden

still has a lot of homework to do when it comes to recovering investment-grade status, but joining the oecdelp. this has been a priority for the current administration. judging by trump's remarks, it looks like they will move forward. comments frome the present president was that he said for the first time in a long time brazil has a pro-u.s. government, advertising the change in stance from brazil. what else does the present president hope for? announced an agreement for u.s. space companies to use a brazil space station. to make someants progress when it comes to trade, the status ons bilateral relationships to boost trade. negotiating a free-trade agreement with the u.s., which sounds very ambitious today with trump as president. the beginning of conversations administration's has happened, which sends a about brazil's and tensions on trade, lower bearers -- barriers, lower relationsut bilateral , not anymore on multilateral , but now ons bilateral relations, a new approach for brazil. thank you very much. houston,o the blaze in black smoke billowing over the city for a third day, local

the highest in the oecd.thing wrong with that. >> nothing wrong with that at all. >> i want to give credit to obama for what donald trump has done. especially when obama said before he left office, he didn't want to mention donald trump's name. he said he doesn't have a magic wand and how are these jobs going come back. now liberals are trying to give him credit for it. it's just funny, i'm sorry. it's funny. >> i think it original topic we were on to here was the comparison which i think we agree was extreme. but also when we are talking about democracy, we are talking both about the economy, and i would a your point. but i would also talk about attacks on the free press. susan: president trump expected to make a major announcement with regard to free speech following a string of attacks on college campuses on conservatives. charlie kirk sound off ♪ limu emu & doug mmm, exactly! liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we

courtney: a gloomy report from the oecd, the organization cutting its outlook for global economic growtho 3.3%. and it could get worse as the risks pile up. among them, trade disputes, a disorderly brexit or debt. president trump pressure in trade negotiators to cut a deal with china soon in hopes it will help with a market rally. bloomberg has learned the president is concerned that the lack of an agreement could bring down stocks. the president is looking for a win after the summit with kim jong-un collapsed. and president trump's former lawyer is back on capitol hill for a fourth day. he will testify before the house intelligence committee. his appearance will be behind closed doors. he could be asked about russian meddling in the election and the possible obstruction of justice. and wall street pay limits getting a fresh look from regulators appointed by the president. bloomberg has learned u.s. agencies may dust off post crisis rules that were on the back burner, rules meant to curb bonuses that could encourage investors to take dangerous risks. global news 24 hours a day, on air an

on a wide range of issues from expanded trade with the united states to brazil's membership in the oecdo cooperation on space launches. pres. trump: as i told president bolsanoro, i intend to designate brazil as a major non-nato ally, or maybe if you a start thinking about it, a nato ally. kevin: on the issue of venezuela, they are clearly on the same page, that really is the big takeaway here. they said in terms of trade and business relationship, the u.s. and brazil would be able to forge a new path ahead. walter: president trump even hinted that brazil could become a full nato member in the future. and bolsonaro, when he was asked whether brazil would support u.s. troops in the border of venezuela, kind of said that this is up for discussion. so there's something going on there. joe: another ex-president arrested in brazil. michelle temer is now the second to be caught up in the carwash probe. the news sent shock waves across the country, the benchmark fell 2.6% today. julia: the concern is this will impact for pension reform which is what investors want to see. it looked like progre

the forecast, everyone out there, the ecb, the oecd, everyone has revised downward their forecast fore -- european growth. a leading member of japan's policy board has broken rakes to sound a warning about the upcoming sales tax hikes. business leaders were told investors around in a the -- underestimating the fallout. raise aboutxpect to $20 billion when it completes its first phase of capital raising for its flagship fund. it has not yet set a limit for the fund's size as it approaches a record. at the height of the market in 20 -- 2007. after a financial crisis, it took almost 30 years together 16 billion for its next fund. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm rosalind chin. this is bloomberg. constitutional court will determine the future of a political party that seems set to win power in bangkok. ministerd former prime -- its future was put in jeopardy when it tried to install its candidate for the top job. at the law in thailand calls for strict separation of politics from the royal family. let's get to t

political interference, a scandal that has even drawn the attention of the anti-bribery unit of the oecd, the prime minister has repeatedly cited jobs is the reason. he said in his house and set it again today. it turns out that claim is a true. true.'t he has broken faith with canadians. will the prime minister call an independent public inquiry so canadians can learn the truth? [applause] >> prime minister. on this side of the house, we respect the work being done by committees. the justice committee spent five weeks hearing from witnesses who had an opportunity to speak freely about the issue under consideration. we also support the work of the ethics commissioner and an officer of parliament who is there to do the necessary work to enlighten canadians on what is happening in this house. mr. speaker, we know that canadians can press their institutions, and we will continue to be concerned about their needs. government'sr, our budget announces concrete support to allow canadians to get the skills and training they need to succeed so they can find and keep good, high quality, well playe

access to the oecd, investment from the u.s., particularly in infrastructure and other areas as well.his was an important visit because of his recent trip to davos. along the same lines of trying to attract foreign investment into brazil. david: what about trade between the u.s. and brazil? we have an issue looming with the u.s.-china missions. we heard from the secretary of agriculture yesterday and he said china good as much as triple. listen to what he had to say. doublingld easily see or troubling that kind of number over a period of two years, four years, five years. david: that cannot be good news for president bolsonaro. >> the trade war between the u.s. and china has actually been to brazil and argentina's benefit another producers in south america, particularly brazil, which is such a major globally competitive producer. if china is beginning to soak up products from the united states, they have to come from somewhere. that will be to brazil's detriment. david: the brazilian markets are of quite a bit in recent times, particularly since the bolsonaro election. are they out ov

the oecd downgrading growth as well. nick: i think so.eing a pullback on numbers and hard data across the board. i think that will lead to possibly topping up across those global stock markets. i don't think we are going to see a dramatic downturn, but once again, we do see the numbers start to come down and maybe that will see a real change in the dynamics and there could be an extended move further to the south. haidi: nick, always read to have you. lots more to come on daybreak australia. this is bloomberg. ♪ shery: i am shery in in new york. haidi: i'm haidi stroud-watts in sydney. let's take a look at the market open almost upon us in sydney. sophie kamaruddin in hong kong. sophie: we are bracing for losses in sydney with the asx 200 potentially shaving off six points after the benchmark fell for the first straight session on tuesday. looking for some stocks, gold stocks on the radar after macquarie said more m&a is coming to the second with consolidation seen as a driving force. among the top global picks is northern star which is t

parliament for no deal, which avoids some of the risks that as you say the oecd are pointing to >> can you see a catalyst for a turnaround >> globally i think, you know, it comes back to that point we made about the trade war and uncertainty. i think it was chairman powell who said uncertainty is the enemy of business. really what we want to see is this trade agenda not only with china, but also with european autos. de-escalate, and maybe even move towards a resolution i think if we saw that, there is still considerable scope for global cap ex to pick up in ermz it of how long it's left on this cycle, which is, of course, the million dollar question on investors' minds, we know the labor markets are tight, but what has been very lackluster in this recovery has been investment spending if we really want to see two or three years added to this cycle, that's what i want to see. i want to see the trade war resolved i want to see capex intentions coming back. >> thank you for sharing your perspective and insight. >> chinese tech giant huawei is suing the united states we are life outside hu

. >> in much of the developed world or the oecd world, these are not only mainstream, but they're in some cases positioned held by conservatives. >> indeed, indeed. the toreys in the uk love universal health care. conservatives in canada love universal health care. america is the exception here. >> an article in "the atlantic," republicans are telling you something when they gleefully schedule votes on the green new deal, medicare for all and 70% marginal tax rate. when they're more eager to vote on the democratic agenda than we are, we should take a step back and ask ourselves whether we're inadvertently letting the political battle play out on their turf rather than our own. if trump's only hope for winning a second term turns on his ability to paint uses a socialists we shouldn't play to type." there has been a lack of control over the language of this and over the last few years, we've been able to talk about progressive policies, even as progressive policies. i'm not sure -- i tell people $15 an hour minimum wage isn't really all that much money. >> no, no, no. >> not some wild,

, higher than the oecd average and is at an appalling level for some communities. 26% of young blackre disproportionately affected by the precarious work. i will just give affected by the precarious work. i willjust give one example. the income of single mothers by 2020 will have fallen by 18% since 2010 and, according to the much respected women's budget group, women are facing the highest pay gap for full—time employees since 1999, all on his watch. the chancellor has been claiming on levels of infrastructure and housing investment, that he is on the way to delivering record of sustained levels. let's be clear, he is talking about wish lists. he's not talking about wish lists. he's not talking about wish lists. he's not talking about what the conservatives have actually done. the uk ranks close to the bottom of oecd countries for public investment. 24th out of 32 countries according to analysis done by the tuc. and the chancellor describes the biggest rail investment programme since victorian times. well, tell that to the people who face the chaos last year, the rail passengers who

address also the other side of the story here, you cite the epi study which is a good one, but the oecd obviously, an inarguably unbiased institution, put out a report in january, i don't know if you have seen it or not yet, 100 pages of detail supporting the exact thesis behind the tariffs. liz: that's a multi-national report. >> yeah. 36 countries, absolutely. absolutely. it found that every primary aluminum producing country in the world, save one, which one do you think it is? the u.s., of course. supports its primary aluminum industry through illegal subsidies. it's pumped in subsidies through cheap power, cheap finance, tax abatements, et cetera, et cetera. it's created all this excess supply. that's obviously distorted the price and put u.s. companies, we are the only ones who follow the rules here, at a disadvantage. so when people say trade war, and people say they oppose this, we scratch our heads a little and say look, all this is trying to do, all the president was trying to do, all ambassador lighthizer and secretary ross have been trying to do very successfully is simply l