paul allen in sydney. paul: thanks.ufacturing expanded robust yet slightly slower pace in march, and tariffs drive a measure of run material prices to a near seven-year high. the factory index eased to 59.3 from 60.8 in february, just below forecast. orders slipped to the lowest since august. the index rose for a sixth straight month. directorslaced three and a fourth has been arrested. no sign of turmoil in the futuristic startup. the changes took place some weeks ago but have only now been posted on the companies website. they show the arrested director is a rushing billionaire accused of fraud and embezzlement and related. bank of japan is offering a rather negative view on cryptocurrencies with a downbeat q&a for those seeking information. the webpage asks whether that bitcoin and others can be considered money, whether profits can be made, or whether they are hacked and soul and stolen. haruhiko kuroda has expressed this, theyn about could destabilize thatcher markets. jeff believes lawmakers are said to have agree

this is bloomberg. ♪ ♪ paul: i am paul allen in sydney.i am betty lou, you are watching daybreak australia. we mentioned sprint and t-mobile ending years of will they or won't they merge with $26.5 billion deal to take on at&t and verizon. su keenan has the details. su: finally they did it and the ceo of t-mobile saying it will have a huge impact on america. let's go right to the stock, which has had an impact already. the merge company is going to drag the rest of the players screaming to the -- they are talking about leadership in terms of this generation our next generation wireless. stock moving, t-mobile up as much as 2.5% friday, sprint up 10% friday. they close friday with a percent gain, which sprint has not had a profitable year and more than a decade. ae merger is viewed as bailout. announcing the combination, let's go here. this combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, and ovation and second to none network. there is confident for

here is paul allen with the first word. ys it welcomes a potential visit by stephen mnuchin who says he is cautiously optimistic the two sides can reach an agreement on trade. the measure of commerce as it is been told mnuchin is planning to travel to beijing although no dates have been determined. the u.s. and china have all -- that aen warned full-blown trade dispute could derail the global economy. as chinese hackers have targeted defense companies. as suspect is a group known apd 10. chinese espionage has been tracking since 2009. they say that they frequently target research and develop an organization to collect information -- on politics. people have been killed by a suicide bomber. victims were the women and children. more than 100 other people were wounded. the islamic state group claimed that it carried out the attack saying that it targeted shiite. the bombing comes one month after militants killed 31 people and resolving persian new year. bloomberg has been told that theresa may is fighting to overt is concerned

in sydney and paul allen joins us with a look at the markets. good morning. paul: it is going to be an interesting day on the trade front. weave the chinese president adjusting the forum -- address ing a forum, so we could hear more about tariffs. u.s. markets closing higher in the meantime, although they lost to some momentum at the close. and a reasonably five-day in the asia-pacific. as we take a look at the futures, currently looking pretty calm, unchanged. nikkei futures trading out of chicago, up by 1% and the aussie dollar at $.70 against the u.s. dollar. commodities,ook at big day for oil, climate by 2%. gold is higher as well, copper up as well into later today we are looking at the us trillion

i am paul allen. this is bloomberg. ♪ yvonne: paul, thank you. the u.s.rade representative listed $50 billion in china trade tariffs. stage for a potentially bruising trade war with beijing confirming it will respond in kind. let's get to jodi schneider, joining us now. it really is an interesting list. you take a look at 1300 products from malaria diagnostic tests to cassette players. tell us more about it. jodi: flamethrowers is the weirdest one. some things we are not sure why they are on their -- there. the u.s. trade representative's office said it is the products they see as having benefited practices, what the ministration is saying our unfair intellectual property practices. they are trying to make this said what they see as intellectual-property crimes, so they are largely targeting technology, but there are a lot of home consumer products. that hasn't some retail industry folks and others worried in the u.s. about the economic impact. representative's office said it is meant also to spare some industries. yvonne: we were thinking clothes, shoes

i'm paul allen.s is bloomberg. rishaad: do or die for china startups. here the interview on its way. haidi: coming up, vt earnings surge but can it keep up -- after the recent u.s. sanctions? we will have more on that story. this is bloomberg. ♪ ♪ haidi: this is bloomberg markets asia. i'm haidi lun in hong kong. rishaad: i rishaad salamat. at after kevin burnett quit as chairman, -- own grexit nation 10 days ago. emily is in sydney. how bad are things and how bad is this for amp? emily: it's pretty bad. and shares rose a little this morning. they are still bouncing around a lot and we have seen the longest run of decline since amp floated as a public company. what they have admitted to his both charging customers for services it didn't provide and attempting to mislead the regulator over that fact. that's not good for your reputation. o, certainly not. there have an a lot of unflattering things, but what are the longer term consequences for amp and the other banks, as well? emily: definitely. one of

i am paul allen. paul. how poetic, i am betty lou in new york where it is 6:30 p.m.first word news with jessica summers. jessica: alphabet shares soaring after beating analysts' estimates. forecast atbove $9.30. other revenue, which includes hardware, cloud, and out sales, jumped 40% on the year. that reflects a $2.4 billion purchase of an office suite in new york. escalatingon the conflict between saudi arabia and yemen. tensions reach the highest since 2014 after i romney-backed rebels launch unsuccessful militant attacks and a senior member of the group was killed in a saudi coalition strike. a barrel. at $68 whiteness premium for wti since january. nafta negotiations resume on tuesday. the canadian foreign ministers are in an intensive phase, however, president trump said again that he could make a mexican agreed to curb a condition, highlighting that a deal is still far from certain, writing on twitter, the president said "mexico must stop people heading through their country into the u.s." he also called for wall funding. global news 24 hours a day, online and

i am paul allen. this is bloomberg. thank you for that. our top stories, facebook ceo mark zuckerberg defending the company's values before congress today. the ceo ofnow is trade association digital content. dave one done and dusted for mark zuckerberg. how do you think he performed? >> the general sentiment is he probably performed pretty well, especially for the broader public watching it. he was apologetic and got out with any big issues. -- without any big issues. investors -- haidi: there is a serious concern whether regulations will result in facebook having to change its business model. >> that is the key issue, to get to the business matter. we did hear questions about how facebook collects and tracks data across the web to target advertising. that is 98% of their business. is they do notm align with consumer expectations . as much as there is pressure to change that, it will be an issue for the business. haidi: there have been a lot of apologies, and that was the sentiment coming from the sen

here is paul allen.ese prime minister shinzo abe has apologized for a second scandal in a month. this time, over a failure to report the discovery of missing records about the redeployment of troops in iraq. he told parliament the problem is extremely regrettable. his approval rating has already taken a hit. ties to his wife. the malaysian prime minister is offering peace and prosperity as he heads into the election campaign. he is promising to help rural voters pay off debt and provide affordable housing. it's a strategy aimed at his key supporters, muslims and ethnic malays. the leading opposition party is pledging to fight on despite being suspended. on asare going to carry members of this party. we are not accepting that this party has been be registered -- deregistered. we will put in an appeal to give deregistration to the ministers. former brazilian president spent his first night in prison after handing himself into police. they are hiding at the headquarters of the metalworkers union outside sao

i am paul allen. this is bloomberg.ht, on the way, raining on asia's parade, a look at how markets are reacting to president trump doubling down on trade tariffs against china. we will discuss that with our guest next. chairs -- shares trading down. we will look behind those numbers later in the program. this is bloomberg. ♪ rishaad: it is just after 9:00 in new york. , because president an additional $100 billion in tariffs to be considered on china. we have talks between washington and tokyo, with tokyo trying to get an exemption for the first round of tariffs on steel and aluminum. is japanese finance minister saying it is hard to make progress in those talks, going on to say they will core operate to support a free-trade system. moment, the cabinet secretary of japan saying they are watching negotiations closely, but saying they are supporting free trade and that it is important for the world. ministerese finance say they share the u.s. thinking on an electoral property enforcement as well. our next guest is here. w

i am paul allen. this is bloomberg. ♪ thank you so much for that. work, mark this at zuckerberg faced a grilling on capitol hill. deliver what lawmakers were looking for? also, we speak with of the asian development bank. chief economist joins us to talk the latestions, forecasts on the region, china, india and the rest of the world. this is bloomberg. ♪ ♪ welcome back, let's get you a check of the latest business flash headlines, singapore exchange says it plans to list indian derivatives after a deal with the stock exchange of india. it could happen. they said they are exploring cityto bring it into the -- meetsthat means regulatory requirements of clients while growing the overall market. finance, let's look at financials, in talks to raise $10 billion in a funding round that could value the company at around $150 billion. we are also told they want to be the lead investor ahead of that ipo from aunt -- ant. alibaba rode strongly on plans stake in ant. glencore said to be done, loosening ties with

this is bloomberg. ♪ paul: i am paul allen in sydney.ty: the 10 year treasury yield piercing the present level for the first time in four years. from our we are joined by scott from wells fargo equity strategist. what you make of the 3%? >> there is a lot going on out there, but i do not think 3% is a line in the sand. i think the percent for me is just a reflection that after we had tax reform, we are going to have some fiscal stimulus here. we are going to see better gdp growth. are economists but it at a half percent better if we haven't had tax reform, and also our cpi number is 2.4, and that is higher than it has been in the realistically in my mind, the market is adjusting 50 basis points or so to the new reality, which is better economic growth and higher inflation. betty: i you saying this is a knee-jerk reaction? scott: i think there is some worries and this feeds into those worries. there is the fact, i think the biggest risk out there is that the market is worried about inflation going up. the prices going up, and the fed is g

the first word news with paul allen in sydney. paul: the trump administration has indicated it is willing to negotiate with china as trade tensions escalate. beijing has announced reciprocal tariffs on a range of drawbacks in line with the $50 billion of duties ordered by president trump. china is targeting soybeans, automobiles, chemicals, and aviation and says the measures will take the place -- affect when the u.s. institutes its own tariffs. >> china is not going to back off from its 2025 program. it will work very hard irrespective of american tariffs to make sure they and china develop their future technologies. we are not going to be able slow that down very much. it is true, some of their practices in pursuing that 2025 are not fair, but a lot of them are fair, which means to some degree, we in the u.s. have to start developing our technologies much better paste. paul: state officials are warning the trade war and uncertainty to an otherwise bright economic outlook. it is too early to say what it would mean for jobs and pov

i am paul allen.s is bloomberg. rishaad: getting back to our top story, president trump opening the door to the tpp, the free trade pact he spurned. has madehe u.s. progress in resolving trade conflicts with china. >> china is negotiating with us , and wed, very long have made a lot of progress. we are opening it up and getting rid of those terrorists. you will see some true -- those tariffs. you will see some tremendous business openings. tpp was negotiated on behalf of the obama administration. it would seem all that hard work is not going to waste. this is an important plank of his election campaign. how does he sell it to the base? how serious ofw a u-turn this is or whether it was an offhand comment. there is a strategic logic to it. withdrawing from tpp will be seen retroactively as one of the biggest blunders and this may reflect a realization that if our goal is to raise standards in the asia-pacific region and itslenge china to raise standards, tpp is a good tool. that is why it is so importa

i am paul allen.e are two hours away from the open here of asia's first asian market. -- major market. kathleen: it is past 7:00 in tokyo. i am kathleen hays. we are looking at the action on wall street playing into the asia-pacific trading day. and you know, i am here mainly originally because the bank of japan is meeting this week, a big decision on friday. the big question had been how any uncertainty around the strength of prime minister abe's leadership in japan might affect his guidance of monetary policy, but it seems to me all is back in president donald trump's court after he got the ball rolling again tweeting on north korea, denuclearization, kim do this.lanning to that seems to be the information for the trading week ahead. paul: we will be getting into the north korea issue later on in the show. there is a lingering sense that we have seen this movie before the north korea very good at giving away bargaining chips ahead of the game. over the years, the deals that are struck a rather diffe

on paul allen. this is daybreak is truly a and we are two hours away from the open of asia's first markets. just after 6 p.m. in new york. i'm betty liu. over the next hour, how the actionable plan to the asia-pacific trading day. in asia, manyover of the markets are closed for the holidays. here in the u.s., it looks like there wasn't a lot of conviction behind the trades today. we did and lower, tech stocks continuing to fall down about 115 points. the s&p lower as well as the nasdaq. the broad-based decline in technology shares that came out earlier this morning. again, not a lot of conviction to buy into the markets. the result is that investors just continue to sell. right.hat's we are already seeing evidence of it in the first few minutes of trade. the index is already weakened by about .2%, leading into that. take a look at the kiwi dollar as well. see a lot of u.s. dollar strength. we saw the markets close yesterday for may 1, labor day. including key markets of hong kong, china, and singapo

i am paul allen. this is bloomberg.analysts predicting more corporate bond defaults in china. we have had six in the first quarter blamed on interest rates and beijing's clamp down on excessive borrowing. what are the key reasons for this forecast behind higher defaults. we seem to get this all the time and people say there will be more and more, but were getting a steady run rate. >> this year seems to be different. a lot of companies in china are facing a difficult time getting money from banks right now. we have heard from a fairly big company that they used to be able to get bank loans at the low benchmark rates, and now even if they are willing to pay 10% above the benchmark rate, that banks are not lending to them right now, so a very difficult environment. china is going through a phase where the bigger guys are taking more market share, which means smaller guys are getting less competitive and therefore worse operating performance. rishaad: it is strange big companies might not be getting this financing they des

global news 24 hours a day, more than 120 countries i'm paul allen. this is bloomberg. ow the asian markets are shaping up so far morning. the asian pacific index is holding steady. >> investors is looking cautious front. assess the trade given trump's tweets over the weekend. take a look the dow. stocks in sydney .nder pressure nikkei down to tenth percent undere tech stocks pressure. you have engineering stocks some biggest boost. the currency against the dollar. we get the manifesto the leading party in malaysia following disillusion of pearlment on saturday. wasnt to highlight what happening with the metal space. gainingaluminum stock ground. afters aluminum prices u.s. imported tariffs on russia. sanctions on russian metal could ofeaten significant amount global supply. sanctions may result in technical difficult. worldan's biggest aaluminum maker. we are seeing slightly under pressure. keeping steady and over in jumping atngineering the first quarter operating profit and the stock was kb security.uy at tokyo. is slipping in betty: chinese investors in malaysia face

let's get to the first word news with paul allen. ts about retiring, saying the republican party has achieved a great deal during his time as speaker. his teacher had been the subject of rumors for months. exit.ns the more than 40 gop lawmakers either resigned or are not seeking reelection this year. it reached 785 at the -- as the asian trade started the day. they are obliged by the dollar. such purchases would push up interest rates. directearch shows investment between the u.s. and china fell 28% last year from 12 months earlier. that was driven by a drop in chinese investment to $29 billion. u.s. national security officials clamped down on chinese acquisitions of american come in these. tesla has again blamed the driver for the deadly crash in coliform you. the accident happened -- in california. the driver was not paying attention to the road, despite the car providing multiple warnings. drivers are reminded that autopilot requires to keep your hands on the wheel. global news 24 hours a day, powered by more than 2700 journalists

i'm paul allen. this is bloomberg.mark right there, seeing the market open pretty soggy so far. we see a as of the decline was on wall street and arrange a factor shaking up the midweek from treasuries to earnings. caterpillar results profit a move in asia machinery makers after they were overshadowed by the company sing the first quarter is as good as it gets. the cost be down by almost 1%. we are seeing a pick up when it comes to u.s. futures and the 10 year treasury yield. the3% mark and we see dollar below the 109 handle. only steady ahead of that summit on friday. let's check in on shares this afternoon as a company says there is a certainty a firm offer will be made saying it is willing to recommend the revised bid for the japanese company. whichalso seeing moves reported a first-quarter net income and the company maintained operating profit outlook. seoul.to look in lg displayed after it posted a surprise first quarter loss and a slowdown in sales, that stock off by about 1%. that is looking tempered. ahead of t

yvonne: let's get to the first word news with paul allen. paul: trade talks between u.s. china has seemed to have broken down after washington demanded beijing curtail support. stop subsidizing businesses and links. beijing offered to narrow the gas and importing more memory chips and luxury goods. thathite house has advised president trump has the authority to fire special counsel robert mueller. the president complained after fbi agents raided the office of his personal lawyer. he said it was a disgrace and an attack on the country. he also said, "we will see what happens." republican say it will be clinical suicide to fire mueller. enacted after the financial crisis. stresse considering a capital buffer that would increase requirements for the large strand. they believe they have enough of a cushion to clear the proposed hurdle. russia has vetoed a u.s. drafted u.n. resolution that would've condemned last week and suspected poison gas attack. it also would've established a in body for who should syria. voting no and china abstaining. >> this is not an issue that more t

to get you over to sydney to have a look at the latest worst word -- latest first word news with paul allen. paul: samsung beat expectations in the first quarter thanked a booming demand for flash memory chips. net income came in at $10.7 billion as sales rose to $56 billion. it eases concern that need for smart chips might be slowing. not all good news. samsung says it is seeing stagnant sales of flagship smartphones and is worried about a decline of mobile profitability in the second quarter. emmanuel macron has told america that turning its back on the wider world is a major risk. addressing congress, he appealed to the u.s. not to look inward as he listed threats, including climate change, nuclear weapons, and equality, and fake nudes -- big news. --said the only operation only option is to build the 21st century on multilateralism. >> that is not consistent with currention, with our commitment to global security. , it is forof the day jobs, increased prices, and the middle class will have to pay for it. paul: apple boss tim cook met president trump in the oval office as trade tensions

newst's get the first word with paul allen.eople may have been properly shared. this is the first confirmation of the possible scandal, which was initially thought to be 50 million users. scanning theitted links and reading chats flagged to moderators. it says it is to ensure the content abides by the rules. first to admit we didn't take a broad enough view of what our responsibilities were. i also think it is important to keep in mind that there are billions of people who love the services because they are getting real value and be able to build relationships. that is something i am proud of our companies are doing. i know we are going to keep on doing that. paul: apple is said to be working on touchless controls for future iphones to help it stand out in an increasingly crowded market. it would let users perform some tasks by moving a finger close to the screen. the technology is at least two years away, even if they choose to go ahead. they are also said to be working on an led screen that can be curved or folded. oracle bos

i am paul allen. this is bloomberg.ge parts of the market dominated by u.s. treasury's hitting 3% and the federal reserve signaling interest rates could be on the up further. some market watchers saying it's not just so for fixed income. here is what one had to say. >> you think all the same we will see a stampede at a fixed income, schwab accounts or elsewhere? >> it depends on the pace rates go up and how far. >> do you think it is a real risk? >> if they move up as they are now, i don't know you will see it. if you see rates jumped 200-300 basis points in 90 days of it you will have panic among some investors. i guess from goldman sachs asset management is here. we get the point, don't we? is always the question in the middle of a rate rise cycle. we have consistently been saying we expect 3.5% before 2.5% come a but the market is coming to that expectation as well. if it is a measured, reasonable pace, and the reasoning is because of growth, it does not mean a debacle. function of a the strong economy, 3.5%. what di

while.al for a i'm paul allen in sydney.om "bloomberg technology" next. ♪ ♪ back to our top story. a bad earnings story for the tech industry got worse with google joining with an sending stocks tumbling. that is not worth and scum of the other tech stocks including netflix,ebook, amazon, and google, wiped out. how does it compare to the rest of the market? we see it perform in theand when you type s&p 500 and they to what sectors are performing the worst, you'll see tech was down the worst by two percentage points. and he set industrials and materials -- and that we don't earlier talking about the likes of caterpillar. this is a notable headwind in technology. fangillion knocked off of stocks. it eroded in one day. emily: how much is this is pegged to earnings and how much concerns? i think this is a perfect storm because everyone was hoping earnings what they come out of this concern about regulatory headwinds and data privacy. is why perhaps you see a selloff hit so hard at the moment. half of many numbers when you look a

i'm paul allen from sydney.om "bloomberg technology" next. ♪ emily: this is bloomberg technology. the facebook hearings signaled that era of self revelation for social media is likely over, and calls for more oversight over facebook is going. earlier today on public television, scott stringer, who runs the city's tension fund pushed the break up the power within the social network. take a listen. >> separate ceo and chair and add more independent. directors have more transparency and that's get to the root of what is happening here. anddemocracy is at stake, when of the biggest companies we invest in is also at stake. i want to bring in robert atkinson from washington state think tank, you see one shareholder say we should separate the ceo and chair position, at mark zuckerberg holds both positions and he has more power than any seo has ever had within a company. to think that is going far enough or is that going too far? robert: i can't comment on management issues in any particular company. but i can comment o

i am joined by paul allen with a look at the markets. paul: u.s. stocks ending on a down note.8%. pharmacy stocks in the main weighing there. the nasdaq weaker by .7 5%. apple reporting later on today and will have a iphone x sales. a lot of markets closed in asia today. about one third of 1%. change, the u.s. dollar continues to strengthen, hitting for its best month since november of 2016. and the biggest monthly gain in seven years now on track for its highest close in 2014. oil strengthening above $68. in australia, watching out for the reserve bank's decision and expecting to stay on hold. paul allen in sydney, more from bloomberg technology, next. ♪ i'm emily chang and this technology." we are live at the milken institute global conference in beverly hills, california, where we have been speaking with some of the top newsmakers. the chinese are commerce giant would bring one million u.s. jobs. we found out what a trade war would do to that. >> it would have tit-for-tat trade tactics that really will cause a retaliation and in china, they just put on soybeans. it will hurt

let's get to first world news with paul allen. e senate foreign relations committee has voted in favor of mike pompeo being the next secretary of state. his expect to win the approval later this week and replace rex tillerson. ron paul his opposition after pressure from fellow republicans in the white house to ensure pompeo wasn't the first secretary of state nominee to be rejected since 1925. off about shares give up gains in trading after revenues because to's. is well above forecasts, and other revenue that includes hardware, cap command that sales jumped, and expenditures tripled due to the $2.4 billion purchase of chelsea offices in new york. facebook says it has moved more conditt from terror groups by actively looking for it. in you review systems have been retrained to see got paid posts and action was taken against almost 2 million pieces of content in the first three months of the year. facebook says 99% of that was flight by the internal procedures -- flag. 10 people are what killed after event. question to pedestrians i

high and paul allen. this is bloomberg. -- i am paul allen. this is bloomberg.getting some lines from the bank of korea governor's press conference following that policy decision to leave rates on hold at 1.5%. ,his is what we are hearing talking about growth staying at that 3% target gdp, cpi to rise 1.6% in 2018, so shy of the previous forecast of 1.7%, saying consumer inflation to stay in the mid-1% range for some time, saying the decision have been unanimous in the foreign-exchange policy has been the same regardless of intervention. there are some concerns over the bank of korea's intervention activities when it comes to won trading, fx rate should be determined by the markets, and governor the seas little possibility of korea being labeled as a currency manipulator. going on to look at domestic activity indicators, march data shows the number of chinese tourists have been recovering. there were some geopolitical tensions to do with the thaad missile system that resulted in large numbers of chinese visitors not visiting. governor lee speaking about that rat

i am paul allen in sydney.technology next. ♪ ♪ emily: welcome back to bloomberg technology. for some breaking news, reuters reporting that sprint and t-mobile are aiming to clinch a merger by next week. -- the fears of spiking. these two companies have been trying to merge for quite some time. it has never happened for one reason or another, so we will continue to follow that story. according to reuters, t-mobile and sprint aiming to clinch a merger by next week. to our top story, amazon reporting blockbuster results, shares jumping 6% in late trading. jeff bezos has highlighted the company's gains in aws which increased 48.6% year-over-year. there was $51 billion in revenue representing 43% year-over-year. we have bloomberg tech' reporters listening to the call. here, weional nuggets know that prime subscribers have soared. we know aws has soared. what new analysis do you have? big number of people are responding to his shares increase for next quarter. analysts were expecting on average 52, and the range was

let's get the first word news with paul allen. paul: thanks, betty.r thanks to booming demand for flash memory chips. net income came to $10.7 billion as sales rose 20% to $56 billion. the result uses concerned that orders for chips might be slowing. not all good news. salesg is seeing stagnant of flagship smartphones and is worried about decline of mobile profitability in the second quarter. to investraised some in overseas securities for the first time in three years, using capital curbs and opening its $40 trillion financial sector. the qualified institutional investor quota was bumped as of tuesday from about $90 billion. that is the first increase since march 2015. says he expects the u.s. pullout of the iran nuclear accord for what he calls domestic reasons. iran has ruled out any renegotiation of the 2015 deal after france suggested a new agreement could keep the u.s. on board. president trump has described the accord as insane and has consistently hinted at dropping it. iran says it won't entertain new jobs and will walk away -- new talks and

the allen-- paul allen was asked to give a large chunk of change to fund a big emergency operation center in one of the three countries that was impacted most by the ebola outbreak and he said no, he would not do that that he would find all three. ran over by about $3 million and he apologized profusely and said you can still build two of them he said no, i will build all three and he wrote the extra check. mark zuckerberg a money, possibly earn from cambridge analytica. [laughter] too soon? too soon. it went to buy 206 toyota pickups that they ended up using as the ambulance across all three countries. they bought so many pickups that toyota had to make an extra shipment into monroe via ma actually airlifted some in to get them there faster. a lot of other people brought in 400-- spend the money to buy 400 motorcycles that brought a whole bunch of blood supply from places-- samples where people had been tested for evil to the labs sooner. that's all the optimistic stuff, but this is not a told optimistic story because as i mentioned in the beginning the next outbreak is coming your kits

we have paul allen with our first word news.aad, is definitely being written as they meet for the first time in many years. president moon and kim jong-un exchanged handshakes at the demarcation line. mont stepped back into the north, as a symbolic gesture of corporation. it was a dramatic meeting, which may pave the way for a summit trump.esident japan's factory output expander for a second straight month, as 2018. continued into industrial production rose 1.2%, from february where it gained 2%. supportedwth has been by overseas demand for japanese industrial products. however, u.s.-china trade tensions could with that at risk. cia director mike pompeo has been confirmed as secretary of state after weeks of debate regarding much of the administration's handling of diplomacy. however, the 57-42 vote shows that he lost the support of many democrats who backed him last year for the cia job. the white house march the appointment as a tweet -- with a tweet. the prime minister of malaysia says the country will let financial markets d

i am paul allen in sydney. more from "bloomberg technology" next. >> this is "bloomberg technology." i am emily challenge. the european union is watching facebook's actions in the wake of the scandal. a spokesman will contact dat production officials to follow up investigations as to whether facebook breached e.u. privacy laws. mark zuckerberg said the e.u.'s new rules set to go in effect next month are very positive. take a listen. >> we intend to make all the same controls and settings available everywhere, not just in europe. is it going to be exactly the came format? probably not. we need to figure out what makes sense for the different markets and laws. let me repeat this. we are going to make all the same controls and settings available everywhere, not just in europe. >> i want to bring in caroline hyde in london. that was news that these e.u. privacy controls are going to go into affect worldwide. what do you make it have? >> interesting that in fact we are not going to have one rule rolled out in europe

i'm paul allen, this is bloomberg. paul, thank you.et open, tailwinds are coming in from the overnight session of the u.s. with a pretty decent, stellar earnings with amazon. for this koreap summit as we count down to that historic moment. let's go to the latest with your markets right now. korea'slogan today is meet and tech giant meet. output is rising for a second month. that is .7%. the focus is very much on top korea. over 1%.oking at getting into the details shortly. check out what is happening with the korean won. dropis after a five-day and is currently 1076. -- ysts breather whicha could also provide some support. pointing out that while treasury yields are high, there has been some flowing into local equities, especially in the ip sector. tech sector up 2.3%. again, we have the rebound of the first quarter driven by the ongoing exports recovery. while we have mixed assessment regarding chip demand, you have so that is perhaps drawing and investors to the tech segment in korea. a quick check on the nikkei 225. japanese stocks

i am paul allen. this is bloomberg.mixed session, but asian stocks set to snap a three-day prize. thee may be back on with chinese ministry of commerce saying there have been no new goshen's yet on the trade negotiations yet. let's take a look at the market. the hang seng has erased gains. u.s. futures are pointing higher. isseoul, korea, the kospi fluctuating and korean bonds taking a hit. forecast is being revised lower for 2018. the rupiah is slipping with indonesian stocks, perhaps investors digesting news on next year's presidential race. let's check in on the hibor, libor spread. the hong kong dollar knocking on the 785 handle. libor-hibor spread holding your the widest in the decade given excess liquidity in the local hong kong dollar market. a last look at hong kong, the hang seng near session lows, while volatility has subsided. energy stocks leading gains. cnooc jumping the most since december 2016, so the energy segment rising 2%. consumer shares in tech stocks weighing on the benchmark. $50ent shares have lo

is get the first world news with paul allen.ed and at least 16 injured after event crest to pedestrians in urban toronto. police say the driver has been arrested by this too. early to speculative on emotive. when this is the set -- witnesses say demand jumped a curb and hit people before driving away and the incident happened as g7 ministers headed in toronto at of meetings in quebec city in june. oil surged on the escalating conflict in yemen, and futures in new york reaching the highest since december of 2014 after iranian rebels launched and successful missile attacks and the senior member of the molten group was killed in a saudi strike. with $70. flirted resume ontiations tuesday and the canadian foreign minister says talks in washington are in an intensive phase. president trump has said he can make immigration cap highlighting a deal is far from certain. on to the president said mexico must stop people heading to the u.s. and copper wall funding fast. french president emmanuel macron arrived in washington for a three-day

i am paul allen with the first word headlines.dent trump putting fresh feel him trade war, threatening tariffs on $100 billion of chinese imports. in light of what he calls china's unfair retaliation for the initial levies on $50 billion of gerd -- of goods. will defendountry its interests against u.s. actions. japan and the european union want to join the wto case over china's alleged discriminatory tech licensing rules. new filing showed tokyo in brussels said they had a substantial stake in the dispute. japan says it is one of the largest stakeholders. they hold a significant amount of patent rights in the country. saudi arabia has raised the cost asia, key arab crude in sending brent crude to its highest in three years. barrel.10 a the survey last week said refiners and traders were anticipating a $.60 a barrel decrease. 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 on the markets. u.s. stocks

i'm paul allen. this is bloomberg. -- yvonne: thank you.two of its major economies. it came in slightly below pmi for march of 51. that is compared to the forecast of 51.6. meanwhile, the mood a lot -- among japanese manufacturers and dipped last quarter. the boj's survey showed business confidence among big companies is being hit by a stronger yen. despite the tips, japan's largest companies plan to boost investment this year. for more, let's get to our editor joining us from tokyo. james, it seems like it was a mixed bag and it comes to the survey. overall, it seemed positive. what does this signal now? that's right. the numbers did fall a little bit. they were at a 15 year high at the end of last year. it is not too much of a surprise they may come down a bit. we did see in the industrial production data last year that it looks like industrial production overall might shrink in the first quarter. it is not surprising that manufacturers would be a little bit more cautious. overall, they are showing -- there is a strong level of competence

. >> reporter: billionaires like bezos, richard branson, elon musk and paul allen, bank rolling astronautshat take wanna be astronauts into orbit. is there a demand? 650 people have tickets for a trip with very jen galactic at a cost of $$250,000. a california company says it will launch a space hotel by 2022. reservations for the first four months gone in 72 hours. even with an $80,000 deposit required. >> yeah, you have to have money. i don't have money, but i'll volunteer. >> reporter: dreams of the stars bringing people just like us one step closer to infinity and beyond. morgan radford, nbc news. >> still ahead, we'll take a look at your weather and meet one of the most fascinating baseball fixtures in the league, a true original. the thing that's really important to dentists is to make sure that that enamel stays strong and resilient for a lifetime the more that we can strengthen and re-harden that tooth surface, the whiter their patients' teeth are going to be. dentists are going to really want to recommend pronamel strong and bright. it helps to strengthen and re-harden the enamel.

thursday morning in sydney where we are joined by paul allen. paul: good morning.r lead from the u.s.. the dow is up a quarter of a percent. that is not been five days of declines. strong results from boeing. the nasdaq looking kind of flat. we have a beat from twitter and a good result from facebook. take a look at what this means for this part of the world. futures are up 6/10 of a percent. trading resuming after the public holiday yesterday. the nikkei is just over 1%. -- up just over 1%. commodities, aluminum snapping a four-day losing streak. a chronic shortage of aluminum. and gold is weakening a little. plenty more happening today with earnings from nintendo, sharp and samsung. and the first quarter gdp from korea said to be released. more from "bloomberg technology," next. ♪ emily: i'm emily chang. this is "bloomberg technology." the top story, facebook out with first-quarter earnings, up over 6% in late trading. reporting first-quarter revenue of $11.97 billion, beating estimates. the daily active users and monthly active users met estimates. the numbers d

and we have a look at the markets with paul allen. was a mixed finish on wall street on monday evening. let's take a look at how things should down. weaker, the s&p 500 up modestly, not that down as well. looking at revenue adding momentum, remaining strong. how we are shaping up in this part of the world, it is looking quiet for futures, looking quite flat. nikkei futures trading out of chicago, a little higher. the aussie dollar is a weakening against the u.s., closing in on $.76. and the dollar is strengthening. the tenure with a 3% yield -- ten year with a 3% yield. aluminum slumping on the news that sanctions could be loosened. oil is closing in on $69. later today, we will have the aussie cpi. more from bloomberg technology is next. ♪ emily: this is "bloomberg technology." back to our top story, alphabet's first quarter generating robust growth in the first quarter while spitting surged. and the company has shrugged off the privacy backlash against internet companies and their data heavy ad targeting businesses. we have been mon

let's get to the first word news of paul allen. paul?nt xi jinping steps into the spotlight later making the keynote speech at the farm in hainan. we are waiting to see his reaction on the tariff threat coming from washington. so far, he has let his ministers and diplomats taking -- take the lead. the speech comes 40 years after economic reforms began transforming china. president trump has hinted that the u.s. and china will reach a deal that eases some trade tensions. he says that the administration will "probably reach an agreement to resolve the problem. goldman sachs chief economist says the bank continues to expect that the two countries will reach a compromise. the fbi has raided the offices of president trump's longtime lawyer, michael:, seizing documents -- michael:. he had been a key figure in the president's be go issues, paying $130,000 to the poor and star, stormy daniels. he says he made the payment without the president's knowledge using his own money. >> it is frankly a real disgrace, and attack on our country. an attack

let's get to the first word news with paul allen. olicy today, changing its stance for the first time in two years amidst solid growth prospects. the monetary authority increased the slope of the band from zero, signaling policymakers would seek a stronger local dollar. the trade ministry says early data shows ddp group -- gdp grew 4% from the first quarter. u.s. commerce secretary wilbur ross said the summit of the americans that they will not give their leadership away in the region. he also said corruption cannot be tolerated. countries must create enforcements mechanisms. he said trade barriers are unnecessarily severe. the u.s. contends to work with other nations to semper fi the nation. facebook is reportedly not reporting -- making any changes to its overall business model after mark zuckerberg's testimony to congress. wall street journal cites carolyn everson, saying most users have not changed their privacy settings in the past four weeks. after his grilling, zuckerberg has been invited to face three eu committees. says trade

i'm paul allen. this is bloomberg.on the markets, asian stocks are on the ase, the yen, trading near two month low. attorney stocks, signaling that liquidity conditions will improve. the hang seng, crossing the first game in three weeks and tech stocks rebounding in hong kong. chipmakers are sliding across the region. reporting% after sales that missed estimates. benchmark treasuries approach 3%. let's check in on currencies. the rupiah rising to a three-month low. the hong kong dollar, losing some ground, while high ovvol rates climbing and we have a continued plummeting in shanghai. we're looking at a snapshot of the metals markets. asian stocks sliding across the regional index. sydney, falling by the most on record. most shares after falling in kong., sorared in hong that's the market check in askia. emily: this is bloomberg technology. alphabet's first quarter, surged ind business the first quarter. they have so far surged off a privacy backlash. here we were talking about the cloud business. >> the cloud is conti

in sydney where we are joined by paul allen for a look at the markets. we have to hope there is not a carry through to what we saw in the states when asia opens up for business. paul: i think a carry through his paritis pretty much guarant. not the greatest leads we have had from wall street. the dow down almost 3%. the s&p 500 slipping 3%. the nasdaq losing a lot of ground, down 2.9%. amazon and intel among the biggest decliners. this --res looking like slight gain. nikkei futures weaker by 2%. aussie dollar will be in focus today. we are waiting on the cash rate, likely to stay at 1.5%. aussiegold strengthening on han demands while seeing a pullback on iron ore. more from bloomberg technology. ♪ ♪ emily: this is bloomberg technology. let's return to our top story. stocks in freefall on monday's a pessimistic starts a to the quarter. amazon up 50% in the last year, after president from her nude it attack on the online retailer. netflix slid 5%. a pessimistic starts a chipmakers in the s&p 500 plunged more than 5% thanks to intel's worst day in two years.

paul allen now has a look at the markets. paul: all the major u.s. up lower after some tension in the middle east with president trump warning that missiles are coming in syria. also the news that paul ryan will not be running for reelection. all the major indexes down. it is setting us up for a few declines in the asia-pacific when we get going. we will look at the futures currently off about 1/10 of 1%. dollar alsoussie holding its recent advance. this is after the reserve bank of australia amid comments overnight about the risks of a trade war. we see the japanese yen also strengthening against the u.s. highest since 2014 not only on tension in the mideast, but a yemen missile attack on saudi arabia. gold was up about 1% recently edged back. ♪ ♪ emily: this is "bloomberg technology." mark zuckerberg is time on capitol hill is over. a new bill has already been introduced. requireent act would the ftc to create new online privacy protections for users of sites like facebook and google. to discuss the last days of hearings and what new laws my come o

. ♪ paul: i am paul allen in sydney. ramy: and you are watching "daybreak australia". leaders of north and south korea meet in the next couple of hours for the first summit on the divided and in select in 11 years. kim jong-un will become the first north korean leader to enter the south in his country's history. stephen engle is covering this dramatic moment. who happened so quickly, were talking about rocket man and now we are talking about real developments. donald trump for the kim jong-un as being a honorable man. if come a long way in a short amount of time and we have to keep in mind the summit later this morning should not be businesdismissed. this is going to set the mood for those eventual talks between the united states directly with kim jong-un. there's a lot at stake at how the two sides will press each me.r in the dmz behind this leads to the dem ilitarized zone. used to be a place where the two cooperated. over to my left is the unification match well president moon will drive into the peace village later this morning. 9:30 a.m. is the first step. we know

in sydney and paul allen joins us with a look at the markets. good morning. is going to be an interesting day on the trade front. weave the chinese president adjusting the forum -- address ing a forum, so we could hear more about tariffs. u.s. markets closing higher in the meantime, although they lost to some momentum at the close. and a reasonably five-day in the asia-pacific. as we take a look at the futures, currently looking pretty calm, unchanged. nikkei futures trading out of chicago, up by 1% and the aussie dollar at $.70 against the u.s. dollar. commodities,ook at big day for oil, climate by 2%. gold is higher as well, copper up as well into later today we are looking at the us trillion business conference figures -- australian business conference figures. more form bloomberg technology, next -- from "bloomberg technology" next. ♪ emily: this is "bloomberg technology." i'm emily chang. sofi has named a new executive as its cfo, filling a role that has been vacant since last summer, the first major appointment made by the new ceo anthony noto. it has s

. ♪ paul: i am paul allen in sydney. betty: and you are watching "daybreak australia".entum slipping after reporting the best month in seven years, and emergent downside risks and tension between the u.s. and china. the ecr ibegin cofounder and chief operations officer. good to see you again. before we talk about globalization and the trends you abouteing, on to ask you this 3% yield on the treasury note. what does that indicate to you? -- a few thanks things. there inflation fears and you see the two-year pushing 2.5%, pricing in an aggressive fed. with the inflation measures coming closer to the fed target, maybe there is more of that to come, but it is somewhat paradoxical. we have inflation pressures and the developing world. betty: paradoxically in what way? for. careful what you wish the people remember six-month 2008, it was higher than it was right now, but six misses the recession the ark it is pricing in 100 basis points of fed tightening. and we turned the other way quickly. we have a slowdown, in the fed has a binary choice. they are in tightening mode or ea