here's rosalind chin. rosalind: toshiba's humbling in tokyo, and it is due to earnings data.s are emerging that it is at odds with its auditor. they are questioning internal controls at the bankrupt nuclear unit, the accuracy of past statements, and the acquisition of a construction company. toshiba has twice delayed filing earnings, and another affect theircould shares. they need to cover the enormous losses at westinghouse, and bidders are lining up for the chip unit. the government wants the unit to stay in japan, but leading offers are from abroad. broadcom of the u.s. and a butan company has offered, the highest bidder is from taiwan, set to pay as much as $27 billion. hasese tech company leeco dropped the $2 billion pursuit of the u.s. tv maker visio because of regulators. bloomberg reported it was being held up by chinese control of. another sign of their global expansion plans faltering. the ceo admitted the company is struggling to raise cash. china is dispatching more than 5000 inspectors to public a name pollution.ities over they are launching a campaign against sm

let's get the first word news with rosalind chin.osalind: more on what mohammed barkindo has been saying, the opec cuts are working, the oil market starting to work. there has been a global glut, and the restrictions are to be extended when they end in june. the secretary-general said he was cautiously optimistic that would start to fall, and oil prices would rise. tesla has beaten estimates for fourth-quarter deliveries as they will start model three production in july. it has sold 20,000 cars in the 56,000onths from march, in the first half of the year. tesla shares up almost 30% this year thanks to anticipation of the model three and the news tesla has taken a 5% stake. china's central bank raised interest rates on loans aimed mainly at small and medium sized institutions. they raised the rates over the facility loans 20 basis points to 3.3%. a stable economy and rising prices have given scope to tightening policy in order to keep up with the fed. staying in china, it has seen the most copper it -- corporate bond results ever, fai

rosalind: it is 11:29 in hong kong. i am rosalind chin with first word news.nvestigation spanning five countries. authorities have arrested two people and are looking for dozens of others. criminal investigations are underway in france, germany, the u.k., and australia. surprise not has just the bank, but swiss authorities. australian home prices rose the most in seven years last month. -- valuesuse by use climbed 12.9% in the 12 months through march. that is the fastest pace since may 2010. the boom is being led by sydney where average house prices have surged 19% in the past year. singapore's recent unwinding of property curbs to sign to help developers may instead be creating new problems. tax loopholeosed a that allowed developers to offload apartments into institutional investors and wealthy investors. tesla has beaten estimates for first quarter deliveries as it players to start model three production in july. it shipped just over 25,000 cars through march, on track for 47,000 to 50,000 in the first half of the year. tesla shares are up 30% thanks to ant

i rosalind chin. this is bloomberg.ishaad: looking at fidelity, they terminated a $1.6 billion agreement to be bought out by china angbang insurance group. why did this all fall apart? >> this is the end of a two-year process. bang sought approval in 2012. fromfailed to get approval u.s. states that specifically required disclosures as to anbang's ownership and the source of its money. they weren't able to provide that. rishaad: there's always been that of opacity. had previous deals falling apart. reporter: this is not the first time it has happened. they spectacularly walked out of a transaction to buy starwood hotels. rishaad: that was the biggest one by far. anbang it was the big one. they bought -- reporter: it was the big one. they have acquired other hotels. but when it came to acquisitions of property transactions, they have fallen short. haidi: as you say, anbang has become known as this exuberantly acquisitive country -- company from the mainland. where did they go from here? i think it makes any potential sel

here is rosalind chin. group of u.s.makers once united airlines to explain why attract a passenger off the plane. the carrier is struggling to contain damage after mobile phone footage went viral. the ceo has offered a second apology describing what happened as truly horrific. united fell more than 4%, but recovered by the close. state rex tillerson has arrived in moscow hours after telling russia to abandon its support of syrian president bashar al-assad. tillerson said the criminal had chosen an unreliable partner in bashar al-assad and that his rain is coming to an end. a harsh a statement was issued ahead of tillerson's visit. trump's topdent outside advisors says the u.s. is unlikely to brand china a currency manipulator. a wideasury is preparing ranging currency report, but steve schwarzman doubts beijing will be criticized. that would break a key trump campaign promise and another sign the administration is backing away from his tough rhetoric. >> i don't know, but i would doubt that would happen. i think the meet

let's get to first word news with rosalind chin.eatene: tesla has estimates as it starts model three production. carsips just over 25,000 since march, keeping it on track for 47,000 to 50,000 in the first half of the year. shares are up 30% thanks to anticipation of the model three and the news that tencent has taken a 5% stake. facing a new tax evasion and money laundering investigation spanning five countries. authorities arrested two people and are looking into dozens of other suspected of concealing swissns of euros and accounts. france, germany coming u.k., and austria investigations also underway. it has surprise not just the bank, but also swiss authorities. the boj's first tonkin survey is out later this hour, with the weaker yen. that is true a with the index rising from 10 to 14. the survey is expected to show sectors are optimistic about the coming quarter, reflecting stronger exports and fiscal stimulus. scotland's first minister says her timetable for a second referendum on independence from the u.k. is the right one an

i am rosalind chin. david: thank you.ld's twoof the largest economies have held their first face to face meeting a success. joinede on this now, i'm by tom mackenzie in beijing, and our asian government editor here and hong kong. what was achieved at the summit? was it successful? tom: expectations on both sides were low heading into this outcomes were modest, but if you take into context of the ducted this with tensions around north korea, south china sea, type on, trade tariffs, then it is seen as something of it success. both parties have said they have set a constructive relationship going toward. details on 100 days of talks on trade and and negotiation framework between the cabinets of both countries andssues spanning trade cybersecurity overseen by the presidents of both countries. so progress and warm words from both and an invitation for president trump to china for a state visit, but the hard work on many issues, trade and notably the geopolitical issue of north korea starting now. toid: at least they appeared l

i am rosalind chin. shery: thank you.gest economies have hailed their first face to face meeting a success, even with lks overshadowed by the u.s. missile strike on syria and mounting tensions over north korea. tom mackenzie has been following this. president xing jinping to go bearing gifts such did in february, but nothing tangible came out of this. tom: that's right. it's worth three capping the lead, the tensions around north korea, the south china sea, taiwan, currency manipulator, a potential label trump said he would put on china, tariffs of course. so the fact the two presidents came out and said they do have a constructive basis to move forward with the relationship is something of a success, i think. pointing to what you said, it is believed that china went there with some give-and-take options for the u.s., but it seems we did not get to that point. what we did get was an agreement that they will have 100 days of talks on trade, little details about what that means, also setting up a negotiation framework overs

let's get to first word news with rosalind chin.ashington said it is considering many options for , deeper sanctions and military action. they discussed the failed missile launch should not be tolerated. this came hours after rex tillerson urged the government to put pressure on pyongyang. trump says they will act alone if china does not restrain its ally. the european union will present a united front against brexit. the leaders met without the u.k. and are determined to stick together to dissuade others from leaving the block. tradeesident reiterated talks not begin until he calls official progress has been made on the withdrawal. a secondmacron has won endorsement from chancellor merkel. she said he would make a strong president and it should not come as a surprise, compared to marine le pen. minister said he would back the cron if he could. -- emmanuel macron if he could. the number of full-time staff is rising for the first time since the international crisis, outpacing growth and temporary jobs over the past two years. economi

a check ofs now get the first word headline with rosalind chin.osalind: the south african rand hit lows for the first time in 17 years. it has caused of currency rating to have a negative outlook. following the president's cabinet purge and the sacking of his finance minister. move, the made its former president is hoping that bloomberg should step down. lande highest court in the is judge with bridge oath of office. i think it makes it difficult for them to command the title of respect, which would be able to various sections of south african populations. : new immigration rules are making it harder using the h-1b visa program. the guidelines require programming to prove their intended jobs are complicated and require advance knowledge and experience. they stand to lose the most. they each flip more than 1% in new york. petroleum is ending a 12 year self-imposed ban on new project by dealing in the northfield. it will have a capacity of 2 billion cubic feet of gas per day. the northfield and the connected south pound in iran is the world's bigges

i'm rosalind chin. this is bloomberg.f: let's get the latest market action. >> i am looking at the function. i've taken to what the biggest losers are the region. he can see a lot of markets are coming underwater. japan's nikkei down. the topics trading at levels we have not seen since december 6 last year. coming up the good rally they had yesterday. a lot of analysts saying that what we heard from the fed minutes overnight is not what the market wanted to hear. you don't want to hear the balance sheet is being produced. .lso volatility let's switch that up have a look at some of the commodity players. you have seen crude stall somewhat. below that level again. you've also seen it switch out of the brent contract as well. the yield is higher. i just want to show you this chart of gold as well. we have seen this rally coming through in gold over the year. it really seems to be stalling at this average. the -- it'so cutting its 2018 price forecast. gold could also sag this year as the fed boosts rates. find thatresting to

rosalind wiseman here to talk about it. start by reading a mom's facebook post that's gone viral. she says her daughter is done with homework. i've noticed her getting more and more stressed when it comes to school. by stressed i mean chest pains. should she become some kind of junior workaholic at ten years old. how much is too much? >> starting in first great we think that ten minutes a night per grade and then adding minutes after that is really what we want to do, but this is a really important debate because on one side we have parents who hate homework. it's busy work, it's a waste of time, it's irrelevant. on the other side are parents who have equally good reasons for doing homework. they think it's important, shows organizational skills, holds kids accountable and it's okay for kids to have to do something that they don't like all the time. most important, it shows economic disparities between kids. because when you have a special project and creative projects, it really benefits the kids who have the resources to

roslyn.hanks for that, rosalind in hong kong.he two largest economies have had their first is to face meeting at a success to fight -- despite anticipation it would be a conflict. this was overshadowed by the development of the u.s. airstrike into syria which took place in the middle of the dinner between president xi and -- latet trump early last week i should say. let's get the details are we have tom mackenzie who has been following this. but it did not really take anything off the box. that is fair to say. expectations were set pretty low heading into the meeting, and wisely so. we did not have any grand bargains or big deals between these two leaders, but if you look at the lead up to this, the tensions and rhetoric we had heard from trump including whining about china raising the u.s., the fact that came out of this saying friendly things seems to be a success, a win. we heard xi jinping say there is 1000 reasons to make the u.s.-china relationship work, not a single one to ruin it. we heard positive words from trump as wel

rosalind has been following this story.this a concern about national interest and is it justified? chinese entities have been interested in westinghouse for some time. here's a story on the bloomberg. three u.s. officials told bloomberg that the cabinet members have discussed preventing westinghouse being acquired by a chinese company. the trumpet-- ministration is trying to find un-american ally buyer. certainlyould almost stop an open chinese bid for majority ownership of the business. another official said the trump administration is preparing to come up with a deal for thursday. that couldrried allow a bid for an investment group with hidden chinese backing. the concern is that the chinese could get there hands on nuclear technology that could be used for military methods. is, whate question options are available to the white house at this point. -- at this point? rosalind: officials have looked at three ways. they could block a sale, they could encourage an alternative bid from a friendly investor, or the government co

i rosalind chin and these are of the first word headlines from around the world.l candidate has described multiculturalism as a weapon. she calls russia and egypt, which are the countries most involved with fighting terrorism. she accused saudi arabia and qatar of not doing enough. to have the best relationship with all the countries of the world, including qatar and saudi arabia. on the condition that they respect the principle of non-interference and that they refuse to be a support base, even implicitly for activities that are illegal. they should contribute to fight against terrorism. they should play that part in the refugee crisis by accepting them, beginning with those who have the same relation. neckind: running neck and ahead of the first round of the election on april 23. ahead of next month election, iranian president is pushing back against criticism that his policies have not helped the poor. he is credited with ending iran's isolation through the landmark in 2015's nuclear deal. the presidential race has been tilted by the surprise entry of conservat

us --is here to take rosalind is here to take us what what else is happening.he first time since september 2015 and the inflation outlook. 7.6% last month from a year earlier as the commodities rebounded. it simmer prices jumped 9/10 of 1%, wait upon by a 4.4% all. trump's adviser says the u.s. is unlikely to -- on a currency manipulator. a wide-ranging currency support. they doubt beijing would criticize over the you in. campaign promise in another sign that the administration is backing away. >> i don't know, but i would doubt that that would happen. inhink the meetings mar-a-lago were good meetings. i was there for some of it. she -- xi and president trump seek to establish pretty good relationship. rosalind: saudi arabia may support extending all kurds in the second half of the year. my, are likely to support but it depends on other supporters including iraq and iran. they would do that by 1.2 million barrels a day. the cartel is scheduled to meet in vienna next month. is told that south africa has brought forward a meeting between the president and the a m

rosalind chin there on the chinese outlook. launching a new private banking center in singapore today. the largest private bank in asia. .he expansion plans very course, we have a ambitious goal. the first step is to become the best in the largest private bank in asia. currently we are managing 1.6 trillion yuan for some 16,000 clients in china. the assets under our management will grow by 25 to 30% to reach 2 trillion yuan by the end of this year. after that we will seek to enter the world's top 10 club for private banking business. >> how do you characterize the competition you are seeing now in the private banking space? how do you distinguish yourself from competitors? >> we always keep a sober mind. we know we are facing some strong competitors in the offshore market, including ubs, credit suisse, goldman sachs and morgan stanley. we are also quickly about our strength. the large number of chinese clients who are willing to put their overseas assets and the hands of the bank they are more familiar with. >> what assets in p

let's get the first word news with rosalind chin.he trump administration is so alarmed at the prospect of china buying pink wrapped westinghouse they're trying to find an alternative buyer. in theas been interested reactor builder for years and is been the repeated target of espionage. 11er filing for chapter coverage, toshiba is looking to sell it. toshiba stares of the tokyo open, up just over 1%. they have been offered $18 billion for chip conversion. and there is a similar bid. toshiba is said to be asking for more leeway from banks to carry the westinghouse bankruptcy. they requested a new credit line when they breached lenders. richmond fed president jeffrey lacker has resigned after his role in a 2012 leak of confidential information about central bank's policy options. he confirmed a nonpublic deal in a conversation with an analyst, and failing to inform the fomc that the analyst had the confidential information. he was due to resign in october this year. jamie dimon has two big statements. america is an exceptional country,

let's get to first word news with rosalind chin. a group of u.s.hat united airlines to explain exactly why they aagged a u.s. passenger off plane in chicago. the ceo has offered a second apology describing what happened as truly horrific. united fell more than 4% during the session, but recovered somewhat during the close. singer's hedgel funds says he is surprised by what he calls dismissive responses to his proposal. he thought his meetings had been constructive. global news, 24 hours a day, powered by more than 2600 journalists in more than 120 countries. thank you. toshiba shares slumping after they warned they may not survive enormous losses at their westinghouse nuclear unit. the stock down two point 7%. the warning came after they had delayed third-quarter results. art asia technology managing editor has been tracking this. how bad is this? >> it is a very unusual step for a company to take and japan, like any other place. they had been trying to close the books in the december quarter. they missed to deadlines. this was the third deadline f

her parents, and we will probably never know exactly what happened, what led to her death, because rosalindlly what actually went on. there was a bizarre attempt to cover up on. there was a bizarre attempt to cover up what had really happened by rosalind baker taking her baby, already dead, onto a bus and pretending she had suddenly become ill. geoffrey would so much culture, on cctv, was seen giving her a thumbs up sign so—called jeffrey wiltshire. he said he was proud to have fathered 25 children, but they we re have fathered 25 children, but they were described as very poor parents who couldn't do anything to protect their daughter. i have been talking to the detective who led this investigation from the metropolitan police, john marriot. well, having such a young victim of such an offe nce such a young victim of such an offence is unusual. and i think that made it even more horrendous, in a way. a three—month—old child, who was prematurely born and spent the first six weeks of life in hospital and then the next six weeks must have been misery, to be honest. we have been misery, to be ho

passengers and paramedics tried to help, rosalind baker sat to one side and tried to ring her sister,. the infant was found to have 40 rib fractures from being squeezed as she was shaken. a broken wrist from her arm being twisted. and a fractured skull and brain injury, consistent of being thrown againstan injury, consistent of being thrown against an upright surface or the floor. a majority verdict of guilty has just been returned. floor. a majority verdict of guilty hasjust been returned. more floor. a majority verdict of guilty has just been returned. more from oui’ has just been returned. more from our correspondent at the old bailey soon. almost half a million pounds has been raised to help a 17—year—old racing driver, who had his lower legs amputated after being involved in a crash on sunday. billy monger ran into the back of another car which appeared to have stopped during the formula 4 race at donington park in leicestershire. our sports correspondent joe wilson reports. 17 years old, and his life changed forever. billy monger, one of britain's most talented racing drivers, w

gregly procope wits is accused of shooting and killing his girlfriend, rosalind pollee carpo in walnut creek yesterday. he was then pulled over five hours later in martinez. after 19 hours he finally came out of his car. >>> thousands are expected to head to mission delores park in san francisco. but the crowds are creating a messy problem. jean elle is live in san francisco where a plan is in place to try to keep that park clean. >> reporter: it is, jessica. the park is expecting ining 7,0 10,000 people to come here to mission dolores park this weekend. they will have some company. people will actually be here telling them that the trash belong in the bins. parks often get trashed. >> it's going to be crazy. >> at mission dolores in san francisco thousands are people are expected to pour into the urban oasis do you go the sunny weekend. >> i'm going the come back to this park. >> a lot of people doing whatever they want. like paradise. >> reporter: on a busy weekend, 7,000 gallons of trash is generated here. lucyia has seen what litter bugs leave hyped. >> it's plouted. it's disgustin

rosalind: it is forever, yes, some semblance the end is near when it comes to the spat.ng to a person familiar with the matter, malaysia will pay $2.5 billion as partial debt settlement, 1.2 billion dollars settled by the end of the year. db plans to finance that from the proceeds from the sale of two units. coupona will assume obligations. know, they have been fighting over repayments since the bond default at april 2016. they have agreed not to pursue legal action before 2020. 1mdb has been plaguing malaysia for two years. it was set up to attract foreign investment, but accumulated billions of dollars in debt. now, clearing this pathe, seemingly a clear to energy election. -- early election. does he brisket? -- risk it? rosalind: there are anticipations, but despite the grip on poweris is at an all-time high. he has built support among the base of the ruling party, seen to be forgiving, and may have them,e 1mdb saga behind while malaysians are still angry and frustrated. political observers said they knew nothing about it, so here purgingtains his grip, party members

. ♪ ♪ rosalind: these are the first world headlines.lared a state of emergency after the suicide bombings at two coptic churches. the attacks have been claimed by the so-called islamic state. it is the deadliest assault during president sisi's three years in power. iran's oil minister has said that a proposed contract model will attract $80 billion in investment. iraninister says the petroleum contract is being reviewed by authorities. in january, iran named 29 foreign companies that would be allowed to invest after years of sanctions. the leaders of the two biggest economies say that the talks were a success and they have built an outstanding relationship. xi jinping said they have established a level of trust. they agreed on a plan to address the trade imbalance and president trump accepted an invitation to visit china. the head of indonesia's insurance agency says the country's banks will likely face more nonperforming loans. said that they haven't seen the bottom yet. she said the problem will keep success.growth under global news 2

rosalind: it looks like a miss. now profits that 7.49 trillion won. 6 trillionss at 50. won.like a miss on all three counts, all those areas. a breakdown for the first quarter display profits that 1.3 trillion. at 2.2 trillion won. we will get a lot more details as we go along. samsung has been facing headwinds. the currency has not been helping at all. here we will soon be able to find out exactly what areas and what is driving some of these lower sales, for example. the fact it did not have a flagship phone on sale in the first quarter may have been a factor. although samsung does it so many , many types of other devices. betty: indeed, we're certainly watching the performance of that s8 phone in the performance of the stock when it opened in an hour. we are counting down to the major market open, as well as in south korea. adam haigh joining us. aside from watching. -- the reaction, what will be the main theme today? samsung with the performance of the kospi, which is getting close to 1%, the all-time high. elsewhere it is a day of central banks. go in through to the ecb l

rosalind baker and jeffrey wiltshire — the parents of four—month—old imani, whose violent death theywas spotted on cctv in a shop near her home in east london carrying imani in a sling. imani'5 face is obscured by a piece of cloth. minutes later, we see wiltshire pushing their other child onto a bus. baker follows with imani. they kiss, and as the doors clo5e, wiltshire gives her a thumbs up. but both parents know imani is already dead. it's not until half an hour later that baker calls out for help, saying her baby is unwell. this woman immediately checks on imani and alerts other passengers, one of whom ru5he5 to tell the driver what's going on. baker is still on the phone, but she doesn't call 999. another pa55enger does that. what has happened was by the baby is losing her life. the jury was told that when medical teams finally examined imani, they found she'd been dead for some time, and had a string of terrible injuries. a0 rib fractures, a broken wri5t, and a fractured 5kull — which is what caused her death. baker and wiltshire were acquitted of murder, but found guilty of cau

i am rosalind chin with the latest first word news.sie dollar hit intraday highs after the february trade surplus came in at $2.7 billion. exports rose 1% from a month earlier, while imports fell. australia's position has been bolstered by higher prices for key commodities driven by new chinese demand following government stimulus. arrives in president finland on tuesday, a significant stopover to meet president trump. to theing's visit northernmost territory is seen as a counterpoint to trumps rhetoric against free trade and in support of brexit. in an article for the helsinki times, he said the eu has china's support. the south african rand hit lows after s&p global ratings downgraded the country to junk for the first time in 17 years of a cutting the foreign currency rating with a negative outlook following promising president jacob zuma's cabinet purge. the british trade secretary says the asia-pacific has become the most important region in terms of the global economy. liam fox made the comments in the philippines. opportunitiesfo

that could never be planned, today is the 20th anniversary of the opening of the first newseum and rosalind. [applause] it was opened by then vice president al gore. i would also like to thank our sponsors for their support of the free expression awards dinner. this evening would not be possible without your wonderful support. i would also like to think some of the people in the room, and commended them for their work. actually, i would like to thank all 400 of you, but that won't possible. kathy mayor williams -- catherine merrill williams has always been a great support counsel. [applause] alberta, president of the knight foundation and former board chair is here tonight. there's alberto. [applause] his own leadership and the knight foundation support has been absolutely essential for the newseum. i would also like to welcome our friends from the charles koch institute and the aclu. not many organizations can say that. [laughing] and marty baron is in the house. [applause] >> the freedom forum will honor marty with the excellent in the media award in june in this room. congratulations, ma