a quick check with paul allen in sydney. aul: japanese finance minister taro aso is coming under pressure to resign over a widening scandal about favors to a school with links to shinzo abe. a lawmaker says they have a report from the finance ministry admitting sales records of public land were altered. stocks pared gains on concerns the scandal could derail japan's economy. calling onrump is states to enact so-called red flag laws to enable authorities to take away guns. -- thell also begin proposals come after weeks of talks since the deaths of 17 people in parkland, florida. the russian military has showing aideos hypersonic missile that can fly 10 times the speed of sound. president putin has described it as an ideal weapon and says it is too fast to be intercepted by any current or defense system. spacex rocket a aimed at mars could make a short test flight as early as next year, but he also admitted his forecast on project completion times are sometimes overly optimistic. last year, musk announce spacex was developing a

i am paul allen.s is bloomberg. thank you for that. facebook has seen $50 billion of value wiped away over this mishandled data scandal. a group of u.s. investors are suing. the sec is investigating the theal network along with privacy watchdog and half a dozen congressional committees and investigation in places like canada as well. su keenan has the latest on this. why is this becoming a huge problem for facebook? it heightened scrutiny, regulatory scrutiny. probably for the first time facebook is facing the possible tighter reinving a put on it by an outside force on something they have not had to deal with the us far. you can see the dramatic drop in the stock, a dramatic loss of market capital. a lot of this has to do with the fact that the scandal has ofealed that millions facebook users data was mined by a company called cambridge analytics. the lawsuit filed on behalf of class action lawsuit, alleging facebook filing did -- violated its consent agreement. what has brought this to ahead is vide

news go to first world with paul allen. paul: president trump has signaled he is open to talks with north korea. the south korean delegation spent more than four hours with kim on monday. says he is willing to if the weapons tests safety of his regime is guaranteed. china is reinforcing the idea of the asian century with the looking to pass that of the eurozone. eurozone lede china by less than $200 billion. china pushed past the combined economies of north and south america and 2016. told 31 lenders are two pmb -- global -- news, 24 hours a day, powered by 00 journalists and analysts. i am paul allen. resigning as cohn president trump's top economic advisor. he walked away after failing to stop the president adding steve tariffs to steal -- steep tariffs to steel and aluminum. let's look at the indications. we have jodie snyder here. and our chief north asia correspondent in beijing. ohn is probably the most high profile white house departure. this looks pretty serious. >> this is serious. a serious change. cohn wasecause g

i am paul allen. this is bloomberg. haidi: still ahead, petrochina is set to report results later today. the firm taking a $4 billion hit to earnings. rishaad: analysts in more next, tense and nearly doubling its profit in the fourth quarter. it is the social giant -- is it still invincible? the troubles that may be lying ahead. this is bloomberg. ♪ rishaad: we are back. this is bloomberg markets. i am rishaad salamat in hong kong. i am haidi lun in sydney. another blowout results from tencent, but this time, it comes with something of a warning. at get it over to stephen engle. us, ling, for our conversation. i want to start off with you. profit almost doubling, but that is not the whole story. seeing this play out in the share price reaction. stephen: that is not the whole story. results did beat expectations for the fourth quarter, almost doubling, but it was the revenue number in the margins that were a bit of a concern through the revenue number, sure. the fourth quarter year over year was up 51%. by any other stre

here is paul allen. paul: thanks, rish. new treasury data shows overseas holdings of u.s. 30's rose to a record 18 point -- u.s. securities rose to a record $18.4 trillion. holdings rose by 8%. japan was the largest investor with $2 trillion followed by the cayman islands, the u.k., and china. luxembourg rounded out the top five. brussels is telling the u.k. it must pick up the pace of brexit is to succeed. michel barnier published a draft document on the split, setting out in detail how it sees britain's withdrawal. prime minister may said she could never accept some of the passages, raising the prospect that talks will fail and the u.k. will crash out of the bloc with no deal. >> if we want to succeed in these negotiations, and i want to succeed, we must accelerate. on the 30th of march, 2019, in 13 months, the united kingdom will no longer be a member of the european union. that's what it wanted. by that day, we should have organized a withdrawal in an orderly fashion. paul: india expects to grow faster than initially th

i am paul allen. this is bloomberg., ouroking analysis of tit-for-tat tariffs banks chief economist, who says president is making everyone lose. haidi: later, china says it is not scared and is hitting back. we get the market reaction going into that hong kong and mainland china market open. this is bloomberg. ♪ rishaad: having a look at what is going on. , soybean futures showing a gain of 2.2%. that is coming through, the soybean futures, soy meal futures and comes against the backdrop of the start of a trade war. president trump says trade wars are good and easy to win. china says it does not want a trade war, but when not back down. our next guest is here. it is a terrible idea is what you are suggesting. if it is easy to win, that means there are no losers, but i think you have the contra position there. >> i think most economists would have a contrary position. where we a profession are criticized for never agreeing on anything. us all in the room and asked us to raise our hands, you would see economist saying .or

here is paul allen.hey say the group used a team of traders with more than 300 different accounts to manipulate the accounts. penalty, -- they say s almost sixi times as much as they earned. diplomats fromf -- u.k. is shortsighted and according to russia. the expulsion is the biggest since the cold war. the u.k. has cut high-level contacts. the u.s. senate has passed legislation to ease constraints on smaller banks, giving the finance industry its best chance yet of rolling track rules. the bipartisan bill freeze smaller lenders from some of the tougher requirements. it raises the asset threshold. that subjects them to fed supervision. the european union and is questioning the rationale between trade tariffs. the trade commissioner says they will seek an exemption and prepare countermeasures. mario draghi says a potential trade war with the u.s. posed more risks and uncertainties. >> there are potential second round affects that could have more serious consequences. this includes the risk of retaliation

first word news with paul allen. paul: u.k. has clinched a deal to buy time in brexit talks. what russell says is a decisive step. ae two sides agreed to transition period that is due to start on brexit day in march of next year. however, it remains contingent on a solution to the border between northern ireland and the republic. sterling rallied, but the deal will not be -- >> businesses need not delay rushtment decisions, through contingency plans based on guesses about the future deal. instead, they have certainty about the terms that will apply immediately after our withdrawal. and can continue to operate invest in confidence as a design of our partnership with the european union becomes clear. paul: uber has halted all tests afterehicle one of its cars hit and killed a woman in arizona, crossing the road away from a recognized crosswalk when the car struck her. the car was traveling at about 40 miles per hour and there is video evidence of the crash, although it is not eating released. it is thought to be the first pedestrian fatality involving self driving sa. in exchan

i am paul allen. this is bloomberg.ad: having a look at the national people's congress, a look at what's happening at the moment in beijing. we have the growth target, and there has been an announcement they will be looking at a development plan for 2018 for the greater area surrounding shenzen, macau, hong kong as well. let's see what we can make of all this, head just outside where those pictures are coming from, the great hall of the people, joining tom mackenzie. om: really the top line is the growth number. 6.5%. about 6.5% for 2018. slightly different from 2017 in terms of the language. last year, they said about 6.5%, or above. they removed that last line, bloomberg economics suggesting the focus is on stability. the focus on deleveraging and d risking -- derisking, suggesting policymakers are comfortable with a little more softness in the growth picture. most economists see 6.5% for 2018. the deficit target has come in %, to .6%, from 3% -- 2.6 from 3% last year, and a couple important lines in li keqiang's repo

i am paul allen.drace -- trade all in the investors' eye line, but trump said he will not be retreating despite house speaker paul ryan saying the economy could suffer. we begin with our chief asia economic correspondent. difficultrning into to sell to his own party. reporter: getting opposition from the core of his own party. there is concern among the republicans that ultimately may lead tos inflation pressures in the u.s. economy and they may grow and extended to a broader trade war, but we are far from that now. but the fears are as far as that situation -- here are complaints from within the republican party , and they have just pledged themselves to a new tax reform package to accelerate growth. now they are concerned these trade terrorists could backlash -- tariffs could backlash on them. haidi: what are the implications for the nafta talks, enda? enda: it looks like there was transaction of diplomacy going on there. we saw our colleague reporting those talks overnight that robert lighthouse co

paul allen here in sydney. paul: the u.s.pose tariffs on steel and aluminum imports with an official announcement expected next week. house, at the white president said it would mean a long-awaited production for the industry. the decision may provoke retaliation from china who said it will protect its interests. and the european union says it will respond as necessary. >> they have been very unfairly treated by bad policy, by bad trade deals by other countries. they have been horribly treated by other countries. they have not been properly represented. more partly, because of that, workers in our country have not been properly represented. used hissident putin state of the nation address to issue a stern warning to the west that russia has new high-tech weapons that can overcome any defenses. , he prepared for a fourth term in office. he reserved his harshest language for the united states and said efforts to contain russia have failed. >> russia was and remains a big nuclear state. but no one wanted to speak with us constru

i'm paul allen. ♪ this is bloomberg. david: paul, thank you. trade deficit widened.ostrecession highs, 5% up. 56 billion dollars. donald trump has to make his case for increasing tariffs. hopefully we did the latest numbers out of china as well. let's get it over to steve who is with us from beijing. expect?hat can we trade is so much in the focus. donald trump is about to sign those tariffs into action on steel and aluminum. and the threats of other possible action coming from the white house. that is at the backdrop. we could not get a worse two months, january and february, to whereclear indication of china is going because of the lunar new year distortions. the numbers were extremely wonky . february will be the same. january last year was the lunar holiday and it is in february this year. the numbers were quite distorted. we cannot get a trend other than to say exports have held up really well. the global economy seems to be doing well in china as a proxy seems to be doing well. exports in dollar terms, what we are expecting any time, the numbers should be comin

thehe meantime, let's get first word news now with paul allen here in sydney. ul: reports from japan say kim jong-un may meet prime minister shinzo abe as soon as june. he has told party executives that kim is willing to talk after meetings with moon and president trump. it is the first time he has shown interest in having talks with japan since he took power in 2011. the possibility arose after he returned from a trip to beijing. the wto is warning for the first time about a trade were between the u.s., china saying it could derail the cult -- the global economy. the director general told the bbc that they have the first indication of a commercial stand off between washington and beijing and could have much wider implications. china said it does not want a trade but will protect its interest. slumping in tokyo after confirming it may make a bid for shire appeared to cater said the -- takata is at exporter he stage. it also says that it is by no means certain that any move would be to a deal. inre leaped on the news london closing 4% higher. takeda has until apr

i am paul allen.d: china is concerned kim jong-un did indeed traveled to beijing and meets president xi jinping during a three day stopover. a secretive trip. we have the japanese prime minister speaking a short while ago. what do we know? you mentioned shinzo abe. in tokyo he was speaking of parliament earlier. he is keeping a hard-line approach, which helped him last year in the polls. he is having trouble now with a domestic scandal. he said sanctions on north korea must remain unless concrete steps are taken by the north koreans. what did the kim jong-un and xi jinping talk about in beijing over the last four days? to has committed denuclearization of the north korean peninsula, as well as agreeing to a summit with the united states. they have also reported xi differentoposed four measures to improve relations. relations that have been strained between beijing and pyongyang over the perceived defiance from kim jong-un, in light of beijing's support of u.n. sanctions against north korea. xi jinping

i am paul allen.♪ just to update on this developing story, toys "r" us. -- the order of a one billion score for the sale of its asian unit. in terms of a timetable, early april. one for thenames, broader transaction that has to do with the asian unit. at the same time continuing the current deal. we will get you an update. those are the headlines at the moment. more of the same, essentially. -- $1 billionet through pe firms. to pick up thet lead of the pboc. this is after zhou xiaochuan hinted he would be stepping down. tom mackenzie joins us from beijing. feels like we have been talking about this. the most sense who likely contenders are at this point in time. tom: we have been talking about it for a while. i think finally we will get an answer on monday. i will be surprised if we don't. let me run you through the names analysts expect to be key contenders to take on the role of the central bank in china, which is increasingly powerful. guo shuqing is currently the bank regulator in china, has taken

my colleague paul allen has a look at the markets in sydney. t's start in new zealand where we have been trading 30 minutes so far this morning. after u.s.ff by .1% markets closed weaker. s&p, theas down -- the dow, and the nasdaq all weaker on february sales, and these concerns over potential tariffs with china and the potential for a trade war. risk around the board today. nasa futures also weaker. nikkei futures out of chicago weaker. not much change to the yen-u.s. dollar. let's get a quick check on commodities. we also see oil, one of the few standouts here. oil futures looking reasonably healthy while gold continues to ease. elsewhere, we have india and importsa both reporting and exports for february. i'm paul allen in sydney. more from "bloomberg technology" next. ♪ this is "bloomberg technology." i'm emily chang. than half of venture capital invested in the united states goes to the national -- the national venture capital association. of is more than half innovation really happening here? an ohio-based venture capital firm hounded by t

here's paul allen. paul: thank you david.ponent has conceded defeat in last week's congressional election and southwestern pennsylvania. it is a remarkable upset in a longtime gop district that president trump one like 20%. he will secede republican tim termy, and a term --8 congressman. canceledhts have been in the u.s. on thursday. it is the fourth system to hit the region in the past three weeks as high pressure over greenland incubates repeated noreasters. and estimate $1 billion in damage. sources and china are telling us that gosh reaching has been appointed the new regulator. running the cbrc for about one year. the merger of the two bodies was announced at the national people's congress. it is a key part of the president's campaign against corporate debt. tencent is warning that investments and content will weigh on margins after posting quarterly profits. they plan to spend more on ai and video. shares almost doubled to $3.3 billion driven largely by vast social networks including we chat. >> our platforms continue t

i am paul allen. this is bloomberg. asian shares enjoying be buoyancy provided by the open. we have had the recovery after the worst decline last week in just about two years. the question is the momentum. let's get over to sophie for a look at what we are seeing. asian stock investors are perhaps finding some solace. we have commentary from officials that they are up to mystic over security trade deals from china and the japanese trade ministers. they say they continue to deal with u.s. trade tariffs. steel stocks are rising higher. in tokyo japanese stocks are rising for the second day, even with ongoing anxiety. this while the yen is faltering. .65.trading at 105 more weakness is anticipated for iron or prices. checking on commodities, then. we have iron or rising for now and singapore, but more volatility is seen ahead for the raw material. year price guidance was cut for the second time in its month -- in six months for iron ore. i also want to highlight what is happening in the bond space. 10 year yields, jumping

i'm paul allen. thank you. lots to get through today. we are just getting warmed up. we assess the applications with the asian trade center of india. haidi: we are not done with trade risk it. coming up, the view on equity markets, all the uncertainties, and what the fed does next. this is bloomberg. ♪ ♪ david: this is bloomberg markets asia. haidi: a quick check of the latest business flash headlines. reaching almost 100 billion dollars despite a tougher environment. consumer lending has doubled even as the government cut quotas in the asset-backed securities and has become quite the financial powerhouse. hong kong's red-hot housing market shows no signs of cooling. aboutexpected to announce 400 extra homes later on tuesday after receiving nearly 10,000 applications for the 750 units. just over wheelock 100,000 -- one -- 100 million u.s. dollars. david: -- investors are recommended to drive a hard bargain in the official public offering. iqiyi is incurring costs as it competes with alibaba. david: t

i am paul allen. here are headlines.tate media confirmed kim jong-un was in beijing this he spent xinhua said three days in the city and held talks with president xi. kim is willing to meet president trump and wants to boost communications with china on denuclearization. kim toin that carried beijing has returned to pyongyang. sell moreagreed to than $4 billion worth of australian mines. agreed to sell its last mine, the kestrel project in queensland. that follows announcements last week, is sold assets to glencore for $1.7 billion. carrier taking a delivery of four more airliners this year. it has announced a melbourne-san francisco route, and is evaluating a brisbane-chicago route. qantas is optimistic the service could begin by the end of the year. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. >> i am sophie kamaruddin with a check of the markets. asian stocks holding -- halting a two day rebound. this putting pressure acr

i am paul allen. this is bloomberg.ent trump agreeing to meet kim jong-un in what would he an unprecedented head-to-head as snow american a northt never met with korean leader. let's get to seoul, korea, and our next guest. great to see you. what is your opinion when you have heard all the reactions and what has been said? >> what i would say, donald trump's policy so far has worked. all last year they have been exposed to an interesting mixture of real or fake bellicosity, blackmail, pressure from the white house. many people including myself were skeptical, but it worked. , presidentlicy anmp's policy, introducing exceptionally harsh sanctions which are likely to create economic crisis in north korea in half a year or one year. pretty much everybody including north korea is afraid of a possible american attack, so north koreans decided to slow down. which wasization, mentioned, is not possible. it is a dream and will remain a dream as long as the kim family is in charge of pyongyang, let a freeze or partial reduction

in sydney where my colleague paul allen has a look at the markets.rning. >> it is looking like the exact opposite of yesterday this morning in the asia-pacific. off twoing is artie thirds of 1% after the wall street is lower, the doubt s&p and nasdaq all lower, the nasdaq concerned that chinese investment in tech will be the next in line or trade action. futures around the region, asx futures lower. belowdex will slip back 5008 hundred points, indicate futures modestly higher. currencies also take a beating with the aussie dollar back. the quick check on commodities, gold and oil weaker. and copper one of the very few bright spots today. i am paul allen in sydney. next.rom ♪ ♪ this is bloomberg technology and i am emily chang. seennterprise arm has steady growth over the last year thanks to the man corporate clients and expansion into the health care sector. while competition in ride-hailing is always red hot, partnerships with starbucks, hewlett-packard, and jetblue, we bagajoined with david tak from lyft. what is included in that number? david: rev

i am paul allen in sydney.m merck knology is -- more from technology is next. ♪ this is bloomberg technology and i am emily chang. back to our coverage of the facebook data scandal. as reported earlier, a warning of campaigns on the social network, and works zuckerberg took full-page ads in the u.s. and the u.k. to apologize for facebook not doing enough to safeguard user data. is that enough to keep advertisers happy? is debbie,to discuss and is there enough for facebook to deal with, and you have analyst saying buy and sell, and you have done some detailed research, how do you expect that this will hit the top and bottom lines? >> that is something to be seen/ i'm going to be interested in seeing what does the quarterly results that will be revealed in a few weeks. for now i think advertisers are thinking about a couple of important issues and the first is, what our users doing? are a lot of them doing that #delete facebook, or keeping accounts but using facebook last? does that leave fewer hours of time spen

my colleague paul allen has a look at the markets. good morning. 's going to be a pretty interesting day across the asia-pacific to end the week with the announcement of president trump's $50 billion in tariffs against china. we have the index off by more than 1% after the first 30 minutes of trading. this follows the dow, the s&p, and nasdaq, all significantly lower. at least it is not facebook off the front pages, but facebook has slid again with mark zuckerberg being summoned by congress. asx futures are weaker by 1.5%. nikkei futures, traded out of chicago, also weaker. the aussie dollar has slid below $.77. the yen is the only gameer against -- gainer against the resurgent u.s. dollar. gold up more than 1% over the past few days, although it has eased a little. proved showing some buoyancy -- crude showing some buoyancy. iron weakening. japan's cpi for february out later today. i'm paul allen in sydney. more from "bloomberg technology" next. ♪ this is "bloomberg technology." i'm emily chang. u.s. stocks posting dramatic losses in thursday's ses

i am paul allen in sydney. >> i am betty liu in new york. you're watching daybreak australia. to the first word news with ramy innocencio. ng --polls have closed in italy. a new voting procedure is expected to produce a clear winner. show axit polls five-star movement in the lead with up to 30.8%. this still finishes on top. terrace proposed by president trump on feel and aluminum imports will end up reducing the global prosperity. stephen trouble told sky news that australia is seeking an exemption from those proposed levies but unclear whether those would be granted. yet -- australian evzio group said they could be among the biggest losers in a global war. net the negotiators are have said to have reached a deal on transparency in the seventh round of talks due to finish on monday in mexico city. the source says they also rapidly discussions on chemicals , industries is by president trump's latest trade threats to the rail that progress, canada is the top export of both steel and aluminum to the u.s. while mexico is the fourth biggest deal provider. and here is china introdu

billionaire paul allen has discovered wreckage from uss lexington.e first u.s. aircraft carriers ever built located on the bottom nearly two miles below the surface about 500 miles off the estonian coast. amazing footage they are. that is what is happening now. warren. >> president trump eight sam nunn berg backing off statements about subpoena from special counsel robert mueller. >> i'm the first person to go out here. >> the idea once again that donald trump colluded with russia is a joke. lauren: he would be more willing to comply with mueller steam limits the scope, which includes thousands of e-mails, text messages and workpapers for tax officials including his mentor, robert stone is also a long-term advisor to president trump. for more on this, david bruno. what does it tell you that the mueller probe is widening and widening? who is next? >> i'm surprised they didn't do this earlier. this is a subpoena returnable on friday. yesterday he basically defied mueller on the grand stage in the national media and late yesterday there's probably some

i am paul allen with the first would headlines. from facebook's data scandal is spreading. delaying the launch of products and redesigning the privacy settings on its network. connected home speakers with digital assistants and video text capability are being reviewed to ensure they make the correct trade-off regarding user data. the devices were to be previewed at facebook developer conference in may. these facebook or is -- facebook is no longer the punching bag. losing $53 billion in market cap on wednesday. the plunge came after president was said to be obsessed with regulating the company. on december 29, he accused the company of squeezing low prices from the u.s. postal service to deliver packages. tesla plunged heavily for a second day as questions about a fatal crash involving a model x suv in california raised new doubts about the carmaker. the most in two years at the company tried to retrieve data from the vehicle. tesla has not said whether the car's autopilot system was engaged at the time. march has been brutal for tesla. the stock falling on all but five day

i'm paul allen.ad: china's approved sweeping constitutional changes that repeal residential term toits to allow xi jinping roll indefinitely. let's get to tom mackenzie. how significant is this move? it has just been signed and voted on i suppose in the nominal parliament. absolutely right. not a surprise, that nonetheless, a momentous moment in chinese history. voting by delegates yesterday in parliament to approve this change. it basically clears the way for the president to roll for life should he choose to. for life should he choose to. some say this is a practical decision, it gives him more time and space and will push china only global stage and allow him to tackle issues like debt and the environment more easily. of course, there are concerns voiced by chinese analysts and those in the country about the longer-term risks this poses. so much power in one man's hands that it goes unchecked. there are fewer checks and balances now and a demand by the president and his top accolades -- acolytes,

. >> explorers led by paul allen , discovered the wreck and 500 miles off the coast of australians located sunday at the bottom of the choral, about 2 miles below the surface. >> now, to another historic find in that part of the world , the oldest known message in a bottle was found on remote beach in western australia. the resident stumbled upon it while picking up trash, the bottle appears to have been tossed in the water from german ship in 1886. the sailors were studying ocean current, to uncover better shipping routes, the message inside asks who ever came across the bottle to send a note to the german naval observatory, with information sitting where and when it was found. >> well, something goes terribly wrong on the slopes of a california ski resort over the weekends, dramatic video shows a five year old girl dangling from a chairlift the video posted on instagram, appears to show two other people on the chairlift with the child at the bear mountain ski resort eventually she falls safely, into a tarp below. resort officials say they're investigating the incident. >>> the new jersey

. >> reporter: funded by paul allen, they found the wreckage 500 miles off the coast of australia inbout two miles deep. >> we are dealing with an environment out here that's very harsh. it's thousands of meters deep and it's very unpredictable. >> reporter: the incredible footage shows the ship in relatively good condition with cannons still intact and the ship's name still visibly imprinted on the hull. the lexington, which had dubbed lady lex was badly damaged after three days of battle but the order to abandon ship was given after a secondary explosion set off an uncontrollable fire and was deliberately sunk by american forces to prevent capture by the japanese. >> there is a historic and archaeological value to be look for the lexington. she is an iconic aircraft carrier,one of the first. >> reporter: paul allen says it's an honor to pay tribute to the uss lexington and the brave men who served on her. jonathan hunt, fox news. >>> a young boy and his grandfather go out on an afternoon hike. >> then i turn around about halfway through his fall and i fell to the ground. i went on

a team of explorers led by billionaire paul allen the microsoft co-founder announced yesterday it wasated at the bottom of the coral sea nearly 2 miles below the surface. >> fascinating. also fascinating are we going to make it to april. >> you know what, we are going to make it to april. it's going to be a little messy. >> we'll be beaten up by then. >> i think we'll be okay. let's take a look at storm tracker6 double scan. dry through the region right now but we're tracking yet another nor'easter that's headed through the area. so, watch as you're heading out right now. today is dry. later this evening and tonight we do have that precipitation that moves in. let's go on outside and see what it looks like right now as sky6 looks like live right now in penn's landing. it's a quiet scene and definitely the calm before the storm today. let's look at the numbers right now. it's 30 degrees. the dewpoint is 21. the winds out of the north, they're light compared to yesterday getting a little break with the wind. the pressure is falling with low pressure drawing near and the wind chill, what

global news, powered more -- by 2,700 journalists and -- countries.er paul allen has a look at the marketsgood morning. good morning. the index looking flat at the moment after what was a pretty mixed finish on wall street. we had the dow closing higher by 1%.h of the s&p slightly weaker. looking kind of flat for the fourth straight day. john norman says markets are now in the twilight of mid cycle and to rotate out of equities. up.ave futures pointing keep an eye on west farmers. news breaking out of australia the struggling supermarket demerged.hl's will be not a great deal of change to or the japanese yen against the green back. weaken down toto ounce.an lsewhere, the japanese -- is likely to confirm the governor another five years. more from "bloomberg technology " next. emily: this is "bloomberg technology ." i'm emily chang. top briefly return to our story. broadcom's earning results ofres are under a little bit pressure after its sales recasts are not in line with estimates. new comments on the qualcomm acquisition. e company says that qualcomm was a unique opportunity but for eek a

i'm paul allen, this is bloomberg.the first meeting is taking place, and where are we with stocks? more on the way. >> this is bloomberg markets asia. i'm haidi lun in asia -- sydney. >> we look ahead to the federal interestooking at an rate hike that has been predicted by many. tightening does in and bar mean for the economy and beyond? let's back -- let's get back to andy. the bonds are being sold by the fed, and on top of that, and a rising interest rate environment. it is the position we have never been in in that sense. we have a sense -- we have a position raising asset prices. this has never happened before. are still tooates low, way too low. the normal should be 4%. the fed is way behind the curve. that, we have the fiscal deficit, the federal fiscal deficit skyrocketing. this year it will be one trillion compared to happen trillion. -- half a trillion. there is no excess money for the financial markets to rise higher. , andis a liquidity squeeze the financial markets will be struggling for the whole year. eco

it was found by a research ship owned by billionaire and microsoft co-founder paul allen.nk by the japanese in 1942 with 216 crew members and 35 aircraft on board. more than 2,700 crewmen and officers were rescued. it was the first aircraft carrier to be sunk in history. >>> still ahead, it's all in the wrist. we will meet a new burger chef that can out-flip the best of them. chef that can outflip the best of them. allergies with sinus congestion and pressure? you won't find relief here. go to the pharmacy counter for powerful claritin-d... while the leading allergy spray relieves six symptoms, claritin-d relieves eight, including sinus congestion and pressure. claritin-d relieves more. let's team up to get the lady of the house back on her feet. and help her feel more strength and energy in just two weeks yaaay! the complete balanced nutrition of (great tasting) ensure with 9 grams of protein and 26 vitamins and minerals. ensure. always be you. i just want to find a used car without getting ripped off. you could start your search at the all-new carfax.com that might help.

it was discovered by billionaire paul allen, co-founder of microsoft.rently sank the ship so it wouldn't get captured. >> they did a good job of hiding it. >> yes, well done. >>> up next in "the pulse." what we're now learning about this photograph. seen by millions. >>> plus, the "bachelor" bombshell. he pops the question. wait till you see what happens next. pops the question. wait until you see what happens next. puts me at greater risk for heart attack or stroke. can one medicine help treat both blood sugar and cardiovascular risk? i asked my doctor. he told me about non-insulin victoza®. victoza® is not only proven to lower a1c and blood sugar, but for people with type 2 diabetes treating their cardiovascular disease, victoza® is also approved to lower the risk of major cv events such as heart attack, stroke, or death. and while not for weight loss, victoza® may help you lose some weight. (announcer) victoza® is not for people with type 1 diabetes or diabetic ketoacidosis. do not take victoza® if you have a personal or family history of medullary t

the uss lexington was discovered by a team led by paul allen, the billionaire co—founder of microsoftthe first ever sea battle, between aircraft carriers in the battle of the coral sea in 1942. that main news again, president trump's top economic adviser is set to resign, disagreement with the president on a plan to introduce ta riffs president on a plan to introduce tariffs on steel and aluminium imports. that is it for now. thanks for watching. hello again. it felt like we had two different seasons across the uk yesterday, north to south. across northern areas in scotland, we had heavy snow causing transport disruption again. and temperatures struggled to get much above freezing. whereas further south, 11 degrees celsius and, indeed, we had some cloud breaks. and with the light winds around, it didn't feel too bad at all where the sunshine bothered breaking through. further north in scotland, though, it was another snow day, particularly over the high ground, and that snow again caused problems through those higher central belt motorways. now, looking at the weather picture at the m

it was discovered on saturday by a team led by billionaire paul allen near the coast of the solomon islandse south pacific. among those killed on the ship were the five sullivan brothers from waterloo, iowa. they all wanted to serve together. >>> up next in "the pulse," why your craft beer could soon be a lot cheaper. >>> also ahead, a new twist in the story of housing secretary ben carson's $31,000 dining set. >>> and the must see game involving snack food and a human claw. >> i'd be so good at this game. od and a human claw. >> i'd be so good at this game. fthere's flonase sensimist.tchy and watery near pollen. it relieves all your worst symptoms including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. your to-do list if yjust keeps growing. me, (laughs desperately) it never stops. which is why the online financing application at carmax.com is so convenient. get some of that finance stuff out of the way from wherever you are, at the doctor's office, karate practice or my favorite... back at the doctor's office. knowing before y

the expedition funded by microsoft co-founder paul allen.it in part to honor his father, a veteran of that war, and all who served. the discovery from a battle more seven decades ago. those images a powerful reminder to honor those who sacrificed for this country. thank you for watching here on a tuesday night. >>> this is the latest chapter in a long series of legal runs for the football >> the san francisco someone called 911 to report a domestic violence incident. >> reporter: well aldon smith's team says he was drinking every single day and his alcohol problem became so bad they became concerned he would drink himself to death. arc aldon said he drank a fifth of tequila on sunday. he rushed out of the san francisco county jail to an awaiting car this afternoon after posting his 30,000 dlrsz bail. here's how smith looked when he was booked this morning on misdemeanor domestic violence and other charges. the former 49er, surrendered today having been on the run since late saturday when he reportedly assaulted his fiance at her knob hill ap

the expedition funded by microsoft co-founder paul allen.nor his father a veteran of that war, and all who served. the discovery from a battle more seven decades ago. those images a powerful reminder to honor those who sacrificed for this country. thank you for watching here on a tuesday ♪♪ this is "jeopardy!" let's meet today's contestants -- a musician from denver, colorado... a marketing associate from portland, oregon... and our returning ch an international development researcher from brooklyn, new york... whose 2-day cash winnings total... and now here is the host of "jeopardy!" -- alex trebek!nny. hi, folks. in many ways, i live vicariously and i feel really good today because yesterday, we had a terrific game. and our champion, matt won a lot of money. i would like to feel the same way at the end of this half-hour. so, rob, jack, and matt, do your stuf

the expedition funded by microsoft co-founder paul allen, saying he does it in part to honor his fatherhat war, and all who served. the discovery from a battle more seven decades ago. those images a powerful reminder to honor those who sacrificed for this country. thank you for watching here on a tuesday night. i'm david muir. i hope to see you tomorrow. good night . >>> a life staving discovery made in a bay area lab. find out how this can protect people like you and i from viruses. >>> a 12-hour rampage. >>> wrapping up a mild day across the regions. details ahead. >> announcer: live where you live, this is abc7 news. >>> i think that is incredibly exciting. obviously hearing the news of that kind of treatment is very exciting for us as physicians and as public health practitioners. >> doctors are excited but the benefit is for people like us, the general public whose lives might be saved because of a break through discovery made in a san jose lab. i am larry beil. >> and i am dion >>> pose an increasing risk to our health. janine de la vega explains how this molecule could save labs.

this is bloomberg. ♪ clear, they are both big hitters, but that is not paul allen out of sydney.the asia-pacific. sophie: you said it, we have an uninspired start to the week. here's is what is going on in equity markets. the asx 200 rising for the second day with energy and real estate the best-performing sectors. the nikkei 225, we see consumer in tech shares the biggest casualty. the yen is keeping steady as shinzo abe saying this morning that it is clear he and his wife were not involved in the tampering of documents. public support is looking grim as his approval is taking a hit according to local polls. the korean won is weaker. korean stocks are dragging in seoul. haveommodities space, we new york crude holding their $62 per barrel. this as russia commits to seeing the opec packed through. oil prices have been under pressure. i want to check in on equity kia,s, hyundai motors and as regulators find that as many as 425,000 cars may be affected by faulty airbags. can they motors -- hyundai motors having its biggest drop since 2017. in sydney, i want to highlight what is happ

i'm paul allen, this is bloomberg. thank you, paul. makes it halfway to the 2% inflation target. we explain what that means. >> plus, how a potential trade war and roar markets. the global head of currency strategy, mark chandler joins us next. this is bloomberg. ♪ yvonne: this is daybreak asia. i'm yvonne in hong kong. betty: where getting more lines here. on reaction from japan. the trade minister is saying retaliation could lead to collapse, he's talking about the trade war between the u.s. and china, collapse of the trade system. he doesn't see too much impact on the japan steel industry and will respond to any of this within the wto framework. tariffs are sidelining any due process within the wto and there is always questions of course of this tit-for-tat of the u.s. and china and how it will affect allies. list onwe looked at the steel and tariffs -- steel and aluminum tariffs. japan is not so much. they're tipping the line saying the chance of japan being exempted is high. they need ahink leverage to join the crew. given the pol

i am paul allen in sydney. "bloomberg technology" next. ♪ ♪ this is "bloomberg technology" and i am caroline hyde. our top story, facebook shares plunging, after it was reported that the political data firm got a hold of private information of millions of facebook thousand ahead of the residential election, and this selloff is a big buying opportunity for investors. joining us now from new york, ivan, why the by? uy? have the are going to issues like this with data and the things people post, but when the stock sells off, i have said many times it is a buying opportunity first. this specific problem is with cambridge analytica and not specifically with facebook. it was not a data breach, it was a misuse of data by a vendor. i think facebook may have recourse to that vendor. caroline: it seems that many analysts out there agree with you as we dive into the facebook page on bloomberg and type in anr, analyst recommendations. you have two sells out there, a small block in the red, and the prices going down in the

i am paul allen in sydney.om work technology is next. ♪ this is bloomberg technology and i am emily chang. back to our top story, a hostile takeover of qualcomm was stopped, and the president's message was simple, this u.s. tech is not for sale to a foreign bidder. theonal security aside, timing raised eyebrows because it was being reviewed by the powerful committee on foreign investment in united states, which under the trump administration has killed at least nine take over else of u.s. companies by foreign firms. here to get us through the legal is matt with me here larson who covers tech litigation for bloomberg intelligence. tony, i want to start with you. ian king noted earlier this is a company based in united states -- are doing it is a foreign company. maybe a little bit murky, we know this is an unusual announcement for the president. what you make of it? tony: i think it is extraordinary because normally when you have issues come up, the party acquiring control is domicile or located in the country t

i am paul allen and this is bloomberg. reporter: thank you for that.oj is planning to keep both packages to unhold in march. that follows a similar move in january. >> the boj has its critics. some say it amounts to stealth tapering. governor kuroda says he will do whatever it takes to hit 2% inflation, but the doubters remain. this chart tell us why. when the boj started this current stimulus program, a committed to $80 trillion per year and the case has been below that. look where the banks brought in rates below zero. does less buying mean less stimulus? the boj says now, but the market disagrees. that is driven yields higher. cluesboj operations for regarding its tolerance for higher yield. 1.11% seems to be the ceiling for now. know, rodaavid, you has said it is really important for japan to raise the growth potential. wages and inflation have been somewhat weakened. that is nothing new. inid: he was speaking parliament earlier and we also heard it -- it was a fairly busy morning in terms of boj speak. the policy board member on the boj also at go

billionaire paul allen lady lake says she was known went down during the battle of the coral sea as u.s. forces stop japanese forces invading australia in one thousand nine hundred forty two. get much more on that story and all the others we've been telling you about here this hour if you head over to our website w w w dot al-jazeera dot com you can see our front page there with the lead story the situation in syria. and let's take you through some of the headlines now russia's military has offered to guarantee safe passage out of syria's eastern border of a rebel fighters and their families russia's backing a syrian government offensive in the rebel held district which saw at least eighty people killed on monday but the rebels have rejected the office saying the russians and says if you do not wish to let the civilians leave the held areas we are ready to guarantee safe passage from eastern for you and your families will be enough transport provided and security will be guaranteed along the whole route. the call upon the leaders of all illegal armed groups to make everything possible t

int is sydney and where joined by paul allen with a look at the markets.ing to you. >> good morning, lisa. the market is up and running and in 30 minutes, trading is up at two dents of 1% now. this is after a mixed lead with the dow and s&p weekend and the nasdaq is hitting a record high, up a third of 1%, and still uncertainty remaining with tariffs and exemptions. take a look at futures around the region. futures are stronger, meanwhile nikkei futures is weaker, and the aussie dollar looking steady. the don't change to the japanese yen. a quick look at commodities, all looking weaker. gold unchanged -- and crude irong off a little, and also off. things happening in hong kong, belowading band that's seven dollars and 85 u.s., the authority will have to intervene. more from the brick technology -- more from "bloomberg technology" next. emily: i'm emily chang and back to our top stories. tech companies going public. we took a look at dropbox and spotify's plans for public debuts, dropbox the traditional route and spotify bucking tradition. for more on what

paul allen has details here.e we get to the nitty-gritty, who was at the signing and who was happiest to sign here? all 11 countries who showed up to sign the agreement, chilies foreign minister said that free trade is alive and that is not with running the events we saw at the white house earlier on. step is to get the tpp agreement ratified by the parliament of the countries, and that needs ratification from the six countries to take effect. it looks as if it cast your eye zealand, china, and in australia it is a government where the majority senate minister says that this is a good day for trade. ramy: australia is hopeful of winning an exemption from president trump's tariffs, right? paul: he said there could be caveats, and he said who is paying the bills and not paying the bills, and in terms of australia he says the two countries have a close relationship. he is saying we could look at something with them. leave it there, paul allen from sydney, thank you. and the bank of japan is expected to stay on cours

i'm paul allen. this is bloomberg.e a check on the markets and asian stocks are gaining ground, while the yen is on the retreat. all might not be gloom and doom on the trade front as countries barter for deals. the shanghai composite is advancing for the first time in five sessions and we have earnings rising after delivering record profits. now in japan, the nikkei and topix are climbing. talks are ongoing for tariff e p emptions. south korea secured an exemption with an import quota. -- the korean won is jumping the most since january 26. plus, geopolitics could be at aay as kim jong un makes surprise visit to beijing. checking out on the bond switching up right here, i want to note jgb 10 year yields. we have seen the highest yields in the commodities space. still, aluminum and copper. the copper could be at risk, whi le supplies looking at the market. ♪ emily: this is bloomberg technology and i am emily chang. back to our continuing coverage of the follow-up from facebook's data scandal. as we reported earlier, an