ramy: i am ramy inocencio in new york, you are watching daybreak australia.hinese premier will make his first trip to australia since taking office in 2013 on wednesday as part of efforts to promote free trade. tom mackenzie joins us for more on this. what are both sides hoping to get out of this trip? this is the most high-profile visit by a chinese leader since xi jinping visited in 2014, and both sides trying to transient -- championed free trade, push back against protectionism. we heard it from the chinese policymakers during the national people's congress. we heard it from mr. chang when he gave speech conferences, and the australians are concerned with push back against protectionism since the u.s. pulled out of tpp. they will likely talk about the regional trade deal that china is championing. for the australians, they have always had this problem. the have the u.s., strategic interests that they have to salance with economic interest with their largest partner, which is china. stuff tol a lot of discuss. it is about championing trade. the other thing

ramy: based in the u.s.n friday, they weren't in the sweet spot. .1%, but some geopolitics to unpack today with rex tillerson in china. through thatll dig with our guests, but not a lot of risk appetite. with howk it off things are looking in new zealand. quite a bit of pressure, down confidencemer numbers in the first quarter edging lower, so pressure there. the key we hanging onto its 11 month low at $.70. in sydney, slow going on the asx 200. the dollar on a downward trend on the back of that dovish fed meeting, $.77 for the aussie right now. japan is closed today for the spring equinox. wellen is still trading, below the 113 handle this morning. certainly a lot went on over the weekend with rex tillerson strip in asia, as well as an interesting communicate out of g-20. ramy: the trump administration mark on the g 20 finance ministers meeting in germany despite critics and saying they came in ill-prepared. kathleen hays is right here with more on this. first to the g-20, to what extent is this communiquÉ

(comical guitar and piano music) in this case, rami reached out to matt van brink.aches song writing and composition at concordia conservatory. (comical guitar and piano music) - so when rami had this idea, and he brought it to me, it seemed like the perfect opportunity to do something together. so, i loved the idea. we've definitely batted ideas back and forth, but the idea itself, of a monster in the land of guitars was awesome. - [katie] step three is finding a backer to help cover expenses and to provide support as well as a location for the musical. - hey! - hi, how are you? - good, sorry i'm a little late. - no worries. - so, rami and i took the idea to kathleen suss, the executive director of concordia conservatory, and she loved the idea, too, and she wanted to put it on her musical adventures for children's series. - so tell me a little about how the concept's gonna come together with the guitar town and juggles, and then how you're really going to write the book, and then start on the music, and then with the collaboration between the two of you. - [katie]

ramy: betty: energy shares.ou're talking about energy shares and how you see a bottom forming for the energy sector, right? thomas: that's right. betty: let's bring up that chart. i want him to play in this to our viewers. what are you seeing here? thomas: the viewer should focus on the orange line. that is rolling five-year returns relative to the s&p since 1933. generational bottoms occur when that rolling return hits the green line and generational tops when it hits the red line. energy is a very trend oriented and fairly predictable sector that whenever we touched the green line, it has always touched a generational bottom. it seems like we are establishing a generational bottom today. way, someone looks at that and says, is there fundamental support? if you do the same chart using ebit margin, energy margins are essentially the lowest they have ever been, so you are essentially buying profit drop multiples, 15 year bull market. betty: so that is some value. what did you make of today's decline? thomas: it i

ramy: right, especially between domestic and international roiling. seeing one thing with japan and looking to the mideast in this case with these six predominantly muslim nations, they are in effect closing the door on the folks and refugees as well. let us go into the details because this is what we know so far. while the first ban talked about seven majority muslim nations, this is six. iraq has been dropped from the list in part because secretary of state rex tillerson has pointed out that iraq is an important ally in the fight to defeat isis and iraq has agreed heavier security measures. it looks at refugee admissions am a process, freezing it for six months here. when it does restart, it is supposed to have a number of refugees that come into the country from more than 100,000 to 50,000 for this fiscal year 2017. in addition, it is also looking at those people who already had your documents in hand, the people who had the says and green cards and dual citizenship very those people will now be allowed to enter the country here. admissions, jeff s

yvonne: ramy, thank you.e to look at what is coming up in the next few hours on asia.erg markets: i know you are watching rex tillerson's trip to asia in particular. i have to say that the nothing --ns that have nothing to worry about from u.s. allies is a curious statement. plusl be looking at that, richard fanning, who will be joining us as well to have a look at what all this means, joining me in beijing this weekend. yvonne: i look forward to that. "bloomberg daybreak: asia." riish and heidi are next. ♪ it is 9:00 a.m. in hong kong, midday in sydney, 9:00 p.m. in new york here it i'm haidi lun. rishaad: i am rishaad salamat coming to you from bloomberg's headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: rex tillerson takes washington's message to asia, smoothing ruffled feathers and saying north korea has nothing to fear. rishaad: his false faces a struggle, president trump's budget cannot pass. haidi: saudi arabia tells bloomberg that opec may extend production curbs. voters deciding

yvonne: ramy inocencio, thank you for the u.k. and the brexit process will formally begin next week. questions over whether britain can regain powers over immigration and lawmaking without derailing trait with its largest market. matt miller reports from brussels. matt: in brussels at the euro group meeting of finance ministers, the u.k. announcement the theresa may's government will trickle -- trigger article 50 next week in order to from thebritain's exit european union. earlier it was concerned that britain may have to pay dues before negotiationfor brexit begins, the wolfgang schaeuble put those concerns to rest. >> no, the negotiations will begin as soon as the petition to trigger article 50 is filed. requirements will continue as long as the rules of the agreement are set out. great britain is a dependable partner in all international that he meant --agreements, so i have no doubts. matt: another focus for the minister has been the greek debt crisis. a positive note was struck by -- and a lot of areas, would it be pensions,

ramy inocencio with the latest economic reports.ine baseline at 1.i'm percent, a revised reading. there is still another reading out there. this is where we stand as we go into mr. trump's first address to join members of congress here. this 1.9% reading is followed by points of thege third quarter of 3.5 percent. this is because of a drag from slower investment by businesses. ofthe past three months 2016, we were seeing a lot of instability because of the white house campaign. now that we have come out of that, it will be interesting to see what comes out in the first quarter of this year. the only lift we got was stronger household purchases. consumer spending is 70% of u.s. economy and it is interesting to see how that contributed on a percentage point basis. let us stop into the bloomberg terminal. look at that read/magenta line at the top -- that red/magenta line at the top. all the other lines, government as well as other investments. those are along the flat line if not negative. me, netrts -- excuse exports for example were

ramy: he was talking about a u.s. ninth circuit. circuit, for the first terminal ban, did say it would not go into effect, that it was unconstitutional. it would go to the ninth circuit once more, one more time, puts it into play once again. it could go possibly to the supreme court. shery: this is expected to continue. we have an update on trump's why tappinging -- wire accusations be are they saying? ramy: they say there is no evidence or proof whatsoever so far in this is coming from both the chair of the house intelligence committee as well as the ranking member. at the pressut conference saying there is no evidence for the house nunesigent chair, devin of california. to put this in context, he is a strong supporter of donald trump he was on the transition team, now his support is waiting because of it. -- waning because of it. he said there was no evidence, i don't think there was an actual tap. on the democratic side, he is looking ahead to march 20, because he will ask the director, james comey, if there is evidence. , that t

that was ramy inocencio in new york.me in the next hour of bloomberg markets: asia including a look at trade numbers expected out of china. we will break down those numbers as an as they are released, all of this coming in. and the foreign exchange reserves edging back up. the $3 trillion level. you are watching bloomberg. ♪ ♪ rishaad: it is 10:00 a.m. in hong kong. this is the location of bloomberg's asian headquarters. you're watching "bloomberg markets: asia". ♪ haidi: beijing's explosive cards.north korea on the china's number two bank telecoms sanctions busting and iran. resume trading today. rishaad: thousands of documents onat hacking occurs wireless devices. haidi: trade numbers out of beijing expected to show strong import and export activity in february. we did have a mixed picture when it comes to that fourth-quarter gdp number out of japan. more on that in a minute. the japanese prime minister shinzo abe saying they want to e deflation, but cannot say they are completely out of deflation at this point. market

ramy: it is an interesting juxtaposition.donald trump signing this executive action at the epa while said action actually got's many environmental protections that the obama era try to install and to install into the american fabric. now we are seeing this being reversed. donald trump today saying he wants to push ahead with a new energy revolution come up with the interesting part is that he is using old energy, coal and oil. take a listen to what he has to say. it is all about the jobs. told me about the attacks on their jobs and livelihoods, the efforts to shut down their minds, their communities, and the very way of life. i made them this promise, we will put our miners back to work. it is all about jobs, jobs, jobs. that is the concern of the president and the parties priority. the barack obama and democrats, one of their biggest parties was climate and health care in addition to jobs, but with donald trump and the gop, it is definitely, definitely jobs over climate. let's look at what is happening inside the executive a

ramy: -- david: ramy inocencio with the latest on donald trump's tax releases. equities, we have a decent bid when it comes to commodities. more details from juliette. zealande seeing new leading the declines in the asia pacific region, down 1/10 of 1%. weakness on the asx 200. the nikkei is down one third of 1% in japan. volatility coming back through in today's markets. the nikkei gauge of volatility is high 44 consecutive session. currencies, wet are seeing the japanese yen, 114 changing. that was one of the major currencies to be rising against the dollar earlier in the session. we are seeing gains from the new won as well.orean looking at these commodity prices, look at that 5.3% gain in iron ore, we saw a huge jump in that commodity yesterday. crude oil rebounded after that 2.7% slump that we saw during the new york session. this is the one day chart after the oil price rebounding after the big slump we saw on the report out of saudi arabia, really hitting that crude oil price. one of the keys for investors, we await the fed. we see the oil contract really

in hong kong and i'm ramy inocencio.downis from any inquiries to russian influence in your politics after the justice department said he met moscow's investigator twice moscow's ambassador twice. president trump said he has total confidence in his attorney general. japan's core inflation rose in january for the first time in 14 months. household spending fell 1.2% from one year earlier. that is three times a forecast drop. hyperinflation is that the heart of japan's economic revival efforts with hopes. on higher oil prices and a weaken.

our correspondent, rami ruhayem, reports from there.rnment forces and so—called islamic state. many remain trapped within the city, others decided to flee. exhausted and hungry, they arrive in droves. in just two hours, we saw more than five busloads of people arrive here in hamam al—alil — the camp for the internally displaced. children, bewildered and scared. many were far too young to even understand. translation: isis were firing at us. most of the women died. we were alljust running and running, the mortars raining on our heads, until we got to the army. some were gratefulfor the help of the army. but these men said their homes were hit by army shelling. almost everyone had to walk through the battlefield, risking their lives, before finally reaching safety and getting on one of these buses. after a long and dangerousjourney on foot and under fire from all sides, the refugees from western mosul arrived at this camp in hamam al—alil. they have escaped with their lives, but their misery is not yet over. and they keep arriving in thei

rami ruhayem, bbc news, hamam al—alil, south of mosul.al has recovered and there has been at least one positive outcome from the disaster. some of the heavily polluting brick kiln factories have been rebuilt with green technology. residents nearby 110w green technology. residents nearby now enjoy cleaner air. many of the noxious gasses contaminating the air hearing kathmandu came from these chimneys. they belong to the traditional brick kilns factories. black, thick toxic smoke belches out throughout the working day. the earthquake of 2015 destroyed almost all of the 100 factories in kathmandu. many were rebuilt using the same old outdated methods. but ten have been redesigned using cleaner technology. as you can see, white and slightly grey smoke coming out of the chimney. before it used to spew out sick black smoke. the changes because coal in the southern is now burnt more efficiently through enhanced airflow. as a result, less polluting particles are now coming out about chimney. the camps, datsun 01’ out about chimney. the camps, dat

bbc‘s rami ruhayem met some of the refugees there.hting between iraqi government forces and so—called islamic state. many remain trapped within the city. others decided to flee. exhausted and hungry, they arrive in droves. in just two hours, we saw more than five busloads of people arriving here in hamam al—alil, the camp for the internally displaced. children, bewildered and scared, many far too young to even understand. translation: isis were firing at us. most of the women died. we were alljust running and running, the mortars raining on our heads, til we got to the army. some were grateful for the army's help, but these men said their homes were hit by army shelling. almost everyone had to walk through the battlefield, risking their lives, before finally reaching safety and getting on one of these buses. after a long and dangerousjourney, on foot and under fire from all sides, the refugees from western mosul arrive here at this camp in hamam al—alil. they have escaped with their lives, but their misery is not yet over. and they ke

rami ruhayem, bbc news, hamam al—alil, south of mosul.on, ahead of international women's day. the event began at city hall earlier, to demand gender equality in the uk and beyond. the bbc‘s jane frances—kelly spoke to the activist bianca jagger who was involved in the march. it is important because i feel that in the 21st—century it is about time women have gender equality. in the uk, last year we had 37,000 rapes. that is more than we've had since records began in 2002, and we have an enormous amount of sexual assaults. it is time we call today for an end to violence against women and girls. the other thing i think is very important, that women and the rest of the world should care about, is the fact that there is an incredible pay gap and in the workforce in this country women are paid 18% less than men. in the us, that is 20%. in the eu, 16% and something. what they said in the report, is that it would probably take 170 years to close that gap. is it really acceptable, isn't it preposterous that we women cannot have equal pay? i'm call

rami ruhayem, bbc news, hamam al—alil, south of mosul.lors who died during the d—day landings in 1944. the government is to contribute 21 million pounds to the monument, which will be built near the beaches of the normandy landings. robert hall reports. injune19li4, an estimated 21,000 members of the british armed forces and merchant navy, lost their lives as they fought alongside their allies to gain a foothold in occupied europe. among them was george batts, an 18—year—old royal engineer. there was roughly 1200 on each beach killed. plus god knows how many wounded and seriously. you can imagine the sights that it was on those beaches. in the 70 years since the landings, george and his fellow veterans have returned to the normandy beaches to remember the fallen, but there is no single memorial to the friends they lost. injune 2014, with just 500 members left, the normandy veterans association was disbanded but george batts campaigned for a memorial and now the government have backed that call. it is early days, but one possible designer

rami ruhayem, bbc news, hamam al—alil, south of mosul.n redcar and raped by two men. detectives say the woman was with her toddler when she and the child were forced into the back of a car by the men. she taken four miles to yearby where she was raped, then dumped six hours later in another area of redcar. police are investigating whether the attackers knew the victim. a british man has been killed at a ranch in northern kenya. the man has been named locally as tristan voorspuy. the man was a father of two and a british cavalry veteran who ran a safari company. the attack is one of a number of violent attacks in the area in recent weeks between local residents and armed cattle herders searching for grazing. at a rally in paris, the centre right presidential candidate, francois fillon, has admitted to his supporters that he should not have asked his wife to work for him. mr fillon has repeatedly denied paying taxpayers' money to family members for little or no work. senior politicians in his party are due to discuss his continued candidacy

ramy: an inauspicious number.h into isut this guy's graber, it not that tall, 41 floors were so, but it is in a good location in manhattan right across rockefeller center. it is exactly 10 minutes walk away. hollister is in their, the flagship stores. in 2006 when this was sold to kushner companies, you will remember that a couple of years later, the financial crisis. this caused a lot of turmoil for kushner companies. it is interesting to see the bounceback over the past 10 years. it gets kushner companies off the hook on their mortgage in terms of cutting that down by about 80% so they would only be on the hook for about 20%. look at what is happening on your screen. $400 million in terms of a cash payout, 10% of a $4 billion transaction. looking ahead, they have the opportunity to take a 20% stake in the towers retail space, much more profitable than the office space. i mentioned to some of the retailers there now. looking ahead, it seems they are keeping hush on what is going to be happening. the deal is not y

rami ruhayem, bbc news, northern iraq.the truth will emerge about the allegations that forced herfrom office. the comments were made as miss park arrived at her private home in seoul after leaving the presidential palace following her impeachment. the ousted president has lost her immunity and could face criminal proceedings as part of a corruption scandal. here's our seoul correspondent, stephen evans. she returned like a hero, her supporters greeting her with ecstatic cheers. this was not the demeanour of a disgraced politician. the only elected president of south korea to be kicked from office. a statement said she looked forward to the truth coming out. it may come out in a trial. the head of samsung is already behind bars while he's tried for allegedly giving money to former president park's best friend in return for government favours for the company. on saturday, her supporters were out in force. they say her impeachment was politically motivated and driven through by the left. and those who protested against her al

rami ruhayem, bbc news, northern iraq. in motorsport. here in the uk, esme hawkee isjust a year removed from her debut mike bushell went to see the 18 year—old in action. another day at the office for trainee accountant esmee hawkey, on her way to work in the city of london. but there is another side to this 18—year—old, another world, in which she uses those accountancy skills to keep her alive. it is hard to believe she is still only 18, and now she is putting those angles and sums to good use at all the major motor racing circuits around the uk, and some in europe as well, as she blazes a trail for young women in the gt cup championship. at least this season she doesn't have to worry about her a—levels as well. you are always working out where you need to be for the corner, how fast you are going into a corner to make the corner. the guys don't like it, to say the least. they don't like a girl coming past them. but yes, i think once you show who is boss, you just become a competitor, at the end of the day. as she goes f

rami ruhayem, bbc news, northern iraq.eb, tim berners—lee, has expressed concern about fake news, data privacy and the misuse of political advertising online. in a message marking the anniversary of the internet‘s creation, sir tim warned against the loss of control of personal data and governments' scrutiny of their citizens online. dr bernie hogan is from the oxford internet institute. we asked him if he agreed with sir tim. this is really strong words and it's a really important series of issues that are happening. i mean, with respect to the first one, this is partially in reaction to a lot of concerns about data sharing within government organisations undermining personal data protection acts, and that there's a lot that is being done that we don't really know what is happening and so there's little transparency and little accountability as a consequence. beyond freedom of information access requests are more sensible policies about unnecessary sharing of data. right now, through the european union, there are new guid

more details here from ramy inocencio.hat $4 billion deal, jared kushner stands to get $400 million as of payout. the question about proximity to power, the deal would make on anbang insurance close to the family. the companies mortgage on its fifth avenue tower would be cut right 80%. jared kushner would also get the option for a 20% stake. 2.8ould value the tower at billion dollars, a record for a manhattan building. one new york really teedo your said it is an "home run of a transaction." has not been finalized and they have declined to identify investors. as for conflict of interest concerns come all parties involved said they have or will address them. the kushner company says jared kushner sold a stake in the tower to family members and the company has taken significant steps to avoid potential conflicts. as for the white house, it said mr. kushner will recuse himself from any matter where his impartiality could be reasonably question. says it is a highly transparent company and stands by requirements. a reminder, it

i am ramy inocencio, this is bloomberg.re seeing markets across asia tearing back some of the earlier gains, the nikkei up only 0.9%. let's get the details from juliette saly who is following all of the markets. it is whether or not you believe we are seeing a rally coming off of the back of the trump trade or whether it is because investors are proud of the fact the u.s. can withstand a rate hike this month on the back of their comments. we are seeing some strong buying. japan looking pretty good, up 0.9%. we have seen some strong movement from there. looking at taiwan, it is the only market that is lower. ramy mentioning that it will be labeled a currency manipulator. you also see downside coming through the tech stocks. and looking solid across the asia pacific region, the hang seng floating with the 24,000 level, struggling to say above that -- stay above that, but it did reach, hsbc leading the gains. they also came through in energy. won. out the korean it is a little stronger, put it did have a skewed against the u.s

ramy: that's right.weeks, michael flynn resigning as national security adviser, and now attorney general jeff eatsions in the hot s because of similar allegations. the justice department is confirming that mr. sessions met twice last year with the russian and basinger -- ambassador to when mr.it states, but sessions was going through senate confirmation under oath said "i did not have communications with the russians." at a press conference today, he said he was acting in the capacity of a senator. let's take a listen. >> i never had meetings with russian operatives or russian intermediaries about the trump campaign, and the idea that i "continuingan exchange of information during the campaign between trump surrogates and intermediaries for the russian government" is totally false. mr. sessions as you can see there is maintaining his innocence and says he will follow his ethics advisers and recuse himself from any probes with regards to alleged russian meddling and u.s. politics, but that twoy reporting

ramy inocencio at the big wall with more.nvestors pulled back from those declines we saw yesterday. right, not too much of a pullback but we see the dow closing on the flat line. s&p 500 and the nasdaq hauling back a little more, up 2/10 of 1% for the s&p 500. yesterday it had lost 1.25%. the nasdaq lost more, down 1.8%. it is going back .5% right here. movers, of the biggest financials, 2/10 of 1% down. as an industry group. but technology was the biggest gainer, microsoft, apple, intel the biggest gainers. we have to talk about volumes. we are seeing a little movement here, but volumes were much lower compared to yesterday. it let's go to the bloomberg terminal. if you follow on your own bloomberg terminal, this is a volume function, the average volume at the time of day. at this time yesterday, average volumes were 60%, 17% higher than today. we are seeing people pulling back, investors pulling back from any trades right now. especially as you look ahead to that vote on capitol hill when congress looks at that obamacare re

. >> reporter: in alameda, john ramis, kpix 5. >>> up next, an update from raider nation. ,,,,,,,,,, nobody told me to expect it. intercourse that's painful due to menopausal changes. it's not likely to go away on its own. it took my most honest friend to help me do something about it. she told me premarin vaginal cream can help. it provides estrogens to help rebuild vaginal tissue and make intercourse more comfortable. premarin vaginal cream treats vaginal changes due to menopause and moderate-to-severe painful intercourse caused by these changes. don't use it if you've had unusual vaginal bleeding, breast or uterine cancer, blood clots, liver problems, stroke or heart attack, are allergic to any of its ingredients or think you're pregnant. side effects may include headache, pelvic pain, breast pain, vaginal bleeding and vaginitis. estrogens may increase your chances of getting cancer of the uterus, strokes, blood clots, or dementia so use it for the shor t based on goals and risks. estrogens should not be used to prevent heart disease, heart attack, stroke or dementia. ♪ ask your d

. >> reporter: rami -- meanwhile, the freedom caucus is looking forward to working with trump on tax reform. the president wants to cut taxes for middle-class families, lower the tax rate by 15%, and reduce the number of tax brackets. craig boswell, cbs news, the white house. >> senator chuck schumer says the democrats will work with president trump on tax reform as well. >>> still ahead, no legging room. why two teenage girls were kicked off their flight home. >>> and your secret shortcut to the bray bridge -- bay bridge could be altered. >>> from the kpix 5 weather center, good afternoon. it certainly is a tad warmer today than all weekend long but not as warm as it will be tomorrow. but still, the warmest day of the work week, i have the full forecast coming up after this brief timeout. ,,,,,,,,,,,,,, lot tougher for you to cut through.. to the bay bridge. on weekdays: the "bryant street" on-ramp in san francisco typically gets backed up. >>> in your bay area headlines, drivers beware. it could soon be tougher for you to cut through to the bay bridge. on weekdays, the bryan street

ramy: this has been a long time coming, a longtime promised.s for the details, that is the aca under obamacare. this is called the american health care act, or potentially ahca. this would unwind over the next three years pretty much all of the affordable care act. be thegest things would repealing of the rule for everyone in the u.s. to have insurance. it also proposes a tax credit based on age, versus on income. the older you get, the more tax credits you can get. sticking that is a point is that no estimates have come out for the cost or the coverage that will be supplied to americans who to apply for ahca, if it indeed does come to pass. but interestingly, looking at the political side of things, four gop senators, four gop senators have already come out against this, notably rob portman of ohio and lisa murkowski on the right, senator of alaska. the reason for this is because the new affordable care act -- the new care act winds down the expansion of medicaid, and they are against that. in a letter to senate majority leader mitch mcconnell

from there rami ruhayem sent this report.e people of mosul endure another round of fighting between iraqi government fighters and so—called islamic state. many remain trapped within the city. others have decided to flee. they arrive from western mosul, one bus—load after another of battered civilians. in just mosul, one bus—load after another of battered civilians. injust over two hours we saw five buses arriving. translation: isis for firing at us. most of the women died. we were all just running. the mortars were raining on our heads, until we got to the army. some were gratefulfor to the army. some were grateful for the army's help, but these men said their homes we re help, but these men said their homes were hit by a army shelling. almost eve ryo ne were hit by a army shelling. almost everyone had to walk to the battlefield before reaching safety and getting on one of these buses. after a long and dangerousjourney on foot and under fire from both sides, the refugees from western mosul arrived here at this camp at hammam

bbc arabic‘s rami ruhayem has been to chamakor — the un's latest camp opened just last week — but thereyet another stream of refugees arriving from mosul and other places. this is the new camp for the displaced, opened just a few days ago, as authorities simply ran out of space to take in more people. and it looks like it's filling up quite quickly. the latest arrivals have come from a village north—west of mosul, where iraqi forces have been advancing over the last few days. they describe a harrowing journey from their homes to the camp. we called officers in the iraqi army and they told us to leave at night and they told us to leave at night and they told us to leave at night and they would secure the road for us. we walked towards the mountain, and an islamic state fighters followed us on motorbikes. finally, the army spotted them and shot at them and they fled. we ran away and what the entire night with our men and children. and when we arrived, we we re and children. and when we arrived, we were received by the army, and they helped us out. to my brother and mother in syria and all

ramy: now, mr. trump has the benefit of time on his hands.beijing's side, they have a called outlook on u.s.-china ties. take a look at this chart on the bloomberg terminal. on the criticism of chinese currency manipulation, look how much the country is earning through its foreign currency reserves. the lowest 2011. callinga case for not china a currency and it later. heidi: up next, trump using a better than expected jobs report indi: it is 9:30 here sydney. a sign we could go a little higher, a .1% gain and a huge event of risk week for investors. the fed might be the least of all of that. can you imagine that? betty: it's just after 6:30 p.m. and you are watching daybreak australia. let's get to first word news. >> the ousted south korean president remaining defiant after being read from office. she was home sunday after leaving the presidential office and greeted by hundreds of supporters. she said that she was confident the truth would come out. she faces criminal charges for abusing her powers for personal gain. the automaker claimed th

ramy, tell us more about these numbers.ry about 45 or 50 minutes ago, they got jumped on by the white house coming out ahead with these numbers. there are a couple of numbers i want to tell you about. $103 million, that is a trump --n from donald that donald trump took to abuse ago. as well as that $150 million in income. these come from two forms from 2005. personal federal income tax filing. everybody has to do this when they file their taxes to the government here. this is not the full tax returns for donald trump. there is a lot more out there. this is the basic overview of what is happening. we can be expecting that the white house would be saying something. we haven't seen anything on the twitter account from donald trump. the white house has said that msnbc is desperate for ratings and they did talk about those numbers. rishaad: how do they get these forms? -- how did they get these forms? >> they ended up in the journalist of a pulitzer prize-winning journalist. he is a tax expert. he did not seek them. the white ho

ramy inocencio has all the details.his is the first time we are hearing this admission, is it not? reporter: you are right. taking a step back, if you are one to believe in the independence of the intelligence community -- and a reminder donald trump and the republicans did do that, they said they believe this in the run-up to the november elections regarding islary clinton -- then this what many people are saying is a body blow or gut punch to the trump white house. right now mr. comey is saying russia did in fact support donald trump, and this is in the investigation that he also says has been going on for the past nine months, ever since late july. they are looking for a couple things. a are at any connections between the trump campaign and the russian government. on another level they are looking for any coordination. if you delve further into that, there is a very emotional motivation for president vladimir putin, saying that he actually really does not like hillary clinton, and that is the whole reason. let's take

ramy: just to hit home that point, mr. comey also said let's say barack obama did want to do a wiretap, even if he legal. he would have to get authorization from two other branches of government, the legislative as well as the judicial, meaning he could not do it alone. he cannot do it unilaterally. ahead, it is interesting to see if donald trump will retract the statement or come out with some evidence that he says is out there, but even some republicans on his side are now saying donald trump retract or prove your point now. david: thank you for that. time to check in on the markets. we've gathered a little bit more memento as we head into midday. we have. even though japan is not really joining in the party. at the moment, generally regional stocks tracking higher, up by .2% despite the next lead from wall street. you had oil falling significantly in the new york rebound andittle energy stocks up by .2%. some solid buying in health care stocks. most of these solid moves coming from korea and the hong kong market. look a

ramy inocencio look set these troubling details. >> a massive detailed -- data dump that has ramificationsveryone that has a smart phone, which is anyone watching bloomberg or anyone in any developed country. cia has not only one tool, but a hacking arsenal at its disposal. even more troubling, the cia has lost those tools and its people out there have potentially stolen that -- these and have them at their disposal. potentially a group has the ability of the cia, to hack other organizations. let's go through the devices that have been targeted and could be targeted. apple phones, iphones, 50% of the market share, according to ibc. more so, 85%s even of the market share. also can be in a fake off mode. that means they can still hear and record your conversations and send that on the hackers out there. also are beingws hacked or could be hacked. 400 million instances of microsoft windows 10, for example, to give you the scope. signal andhat telegram. vault seven in this data dump. more than 8500 pages floating around. wikileaks saying it is their largest ever publication of confidential doc

ramy inocencio is at the big wall with details. >> some are saying it is the biggest reversal of a lyndons called america first, a blueprint to make america great again. this is what it looked like when at thethe book areas stroke of midnight. we are talking about the biggest boost on a dollar basis. let's look at this chart. these bubbles represent u.s. government programs. the ones in blue get more money, the ones in orange get a cut. defense,st blue one is $52 billion, a 10% jump. veterans affairs as well as homeland security both get the next biggest bombs. the v.a. gets 10%, homeland security, 7%. there are many more programs that would lose money. 80 or so, in fact. health and human services, in charge of obamacare or the iteration after would lose the most at $20 billion. the state department and education, these other two. would lose $10 billion. the epa would lose the most at 30%. percentagethese on a basis you can see the winners as well as the losers. defense is a near the top. point 2%.ffairs, 10 homeland security, 7.3%. the epa is at the bottom of the state department and agr

.>>> rami lifting, south bay being spared most of the morning, it's on its way for everybody, if you have the rain it's study. -- study. -- study. >>> welcome back, we are checking in on the start market here is a live -- stock market. off to a good start, the nasdaq is up more percentagewise. almost 27 points, closely watching what is happening in washington dc and whether or not the repeal and replacement of the affordable care act will get past today. a lot of doubt on wall street, the trump administration will pass as well. >>> a new college campus created by google, designed to increase diversity in the tech industry. they tweeted out the statement, the campus will be called howard west, it will launch this summer in partnership with howard unversity. 25 howard juniors and seniors majoring in computer science will qualify for the program. >>> amazon bringing jobs to palo alto, leasing a building and plans to have 1300 soft wire programs -- software programmers, a third of the company's employees have to live in the city, they will open a job center for residents right now there

. ♪ "bloomberg is ramy markets." trump's first 100 days with a focus on politics and policy.trump will visit short tomorrow, re-examining fuel economy standards put in place by the obama administration. the rules are estimad to cost automakers $33 billion. environmental groups are calling the change of direction catastrophic, move that would drive up the demand for oil. joining us now is david wells. what do you think we will hear from the president tomorrow about the standards? >> with the industry has asked for, what they are expecting, he will call for another review which would have been in april 2018, which was the original timeline, to review the fuel economy standards that have been met by 2025. no standards call for a 54.5-mile gallon by then. -- world terms, that is about 46 mpg. that is a steep climb from where we are now. that would require more hybrid electric cars, letter materials, turbochargers, things that cost a lot of money. if they do this review, the industry is hoping they could get a more favorable review from the trump administration and maybe they say

ramy: who would have thought they would have gone to the midwest versus the new york stock exchange or it has to do with the money and the cost involved. chicago is trying to make a move here. this consortium is based in mainland china. it is a group that is a conglomerate that has its hands in a bunch of things. for example, real estate, , industrial, and infrastructure. for example, they make sewers. the deal is valued at $27 million or so. they don't have any experience with regards to running an exchange. it will be interesting to see how this works out. they have two goals. one is for the u.s. and one is for china. they want to help small and midsized companies go public. those costs prevent them from going to bigger forces -- forces -- bourses. about 800 chinese companies are waiting in line in china to get listed. they are thinking maybe they can help them get a leg up in the united states. are on board. they are saying this helps them to grow and higher. it is just up to washington to see what they want to see. betty: is this going to pass regulators' muster? now. it has been u

ramy inocencio has the details now. some think we have reached the peak of auto sales in the u.s..is better news. >> yes, it is better news. a couple reasons. gas is cheap. it is at levels last had in 2008. confidence is high. 2000 one.high from loan repayment the liquid see at a record low. this is coming together and people are shelling out money to buy cars. not exactly cars, but larger cars, pickups, suvs, etc.. let's see what is been going on with total auto sales number on an annualized basis. 17.5 million is what analysts expect. off of this relatively good news, 17.8 million is what they expect once the numbers are said and done. let's take a look at the surprise estimates, surprise returns, it in terms of three carmakers, gm, nissan, and ford. nissan, -2%, it flip to the positive. ford, -4%, but expecting to be worse than that. -4.3%. help, passenger cars. ford gm and nissan, we are talking incentives to get those numbers. chevy silverado you are seeing, a huge incentive on the order of several thousand dollars. nissan offering $5,000 for its smaller cars. boosted u.s.r in