and.re is rosalind chin -- rosalind chin. however, she wants the lawmakers to give space to negotiate. there is concerns that there was a gung ho approach negotiations and said that this was the worst performing currency against the greenback this month. donald trump is on a twitter paulsive and he blasted ryan as ineffective. other party leaders condemned his volker comments. >> the election will determine whether we remain a free country controlledorrupt and by foreign governments. the election of clinton would lead to the destruction of the country. >> the australian government has and the price yield has gone low with the commodity prices. moving the country's step possibility of an increase back on the table. gordon was order to make an appearance and it was one month before -- local news is 24 hours a day. stories on ourre website. >> thank you very much. there is a little bit of skittishness tonight. >> yes. andfull is on the rate hike it was mentioned again with a below 51 talks up arrow this is thedriving rally for s

let's get the bloomberg first word news with rosalind chin. rosalind: thanks, anna, manus. currency outflows maybe worse than they look. the u.s. tank is warning that are rising amount of cap in yen rather than in dollars. outflows could disturb a recent calm in their foreign exchange market, adding to pressure from a potential fed reserve interest rate increase, and denting the image is the new global reserve currency. the republican party chairman hastily assembled conference call to rally members behind donald trump's embattled campaign after house speaker paul ryan said he won't defend or campaign for the billionaire after his vulgar comments about women. trump tweeted ryan should stick to balancing the budget and tackling illegal immigration and stop fighting him. showsile, a new poll hillary clinton enjoying a 14 point lead, the largest gap so far in that survey. chicago fed president charles evans is arguing in favor of giving interest rates lows -- of keeping interest rates low. the central banker is slated to become a voting member of the fed next year and says pre

there is rosalind chin. rosalind: anna, the u.s.nt has find royal bank of scotland for managing 401(k) plans and other retirement funds. that could send a signal to other banks and hedge funds with records. rbs revisited is cannot be reached for comment and the labor department did not immediately respond to requests. unicredit will boost capital by selling an additional 20% take in the online bank. the biggest lender set to raise about 550 million euros in the bank sale. the remaining 35% holding will be locked up for a year. a wide selection of unilever products ranging from mayonnaise to ben & jerry's ice cream and tesco. banished from rising price in the wake of brexit vote. tesco says they are having availability issues and will have it resolved soon. unilever declined to comment. snapchat has pushed ahead with the biggest social media ipo since twitter, that is according to people familiar with the matter. morgan stanley and goldman sachs will lead the listing, which may happen as early as march. other lenders from j.p. morgan

rosalind chin is standing by for the business flash. deutsche bank has reported an unexpected third-quarter profit on lower than expected litigation. the net income was 256 million euros, compared to the average forecast of 394 million euro loss. john cryan has cut jobs, suspended dividends, and shored up profitability. followrg customers can all of the due to make news on top live. loss among lower than energy prices. the first of the major oil companies to reportajor earnings says the adjusted loss would exclude financial and other items, was $261 million. that missed the estimates of a $186 million profit. apple announced the anticipated ipods will longer ship this month. the ipods are introduced last month alongside the iphone 7, which was designed without a standard headphone jack. a spokesperson said the company needs "a little more time." they did not provide a technical reason for the delay, nor a new shipping date. that is your bloomberg business flash. manus: the republican presidential candidate donald trump insists he will wi

rosalind chin is covering the story for us. they have agreed to merge their container operations into one company. this will be set up a july 1 gear. the company will have about 19 billion u.s. dollars in sales. you send will have about -- [indiscernible] we heard from the president of the companies. they had a press briefing earlier today. we heard from the k line president. this is what he said about the move. >> we will become one of the major container carriers in the world. the global container shipping industry has been shrinking. all of us agree this alliance is the best way to make ourselves globally competitive. rosalind: this will make the --ld's largest container 's sixth largest container shipping minor. they say they haven't discussed this move with shareholders. in general, it's a sign that the whole shipping industry has been undergoing consolidation. we've seen a lot of struggling since 2008. cargo rates have been struggling to recover. they've been depressed ever since. japan's cabinet secretary says he welcome

rosalind chin has the first word. reporter: the pound fell after the british prime minister said she will pull the trigger on brexit by the end of march. theresa may will invoke article 50, starting a roughly two year process of taking the nation out of the european union. the confederation of the british industry has called for urgent guidelines on how they will trade with the biggest partners. meanwhile, the chancellor, philip hammond, will use his first major speech to reiterate britain has dropped its goal to obtain a fiscal surplus by the end of the decade. to underline the deficit remains "unsustainable." he will discuss the need for a new plan to manage the nation's finances in a pragmatic way. policymakers will take little convert from the survey released this morning. the large manufacturer sentiment belowcame in just expectations. however, spending across all large companies is expected to rise 6.3%. although, that is also slightly below forecasts. china's officially factory gauge remains at its highest leve

i am rosalind chin. this is bloomberg. angie: the reserve bank of australia has kept the country's cash rate on hold. the real interest here was in what everyone has to say. we have call allen joining us now live from sydney. what did the rba have to say? paul: like so many central banks, it is all about inflation. on that topic, the rba's at the current policy, the cash rate at 1.5% is consistent with meeting the cpi target overtime. inflation is weak. low the banks target band. but the new governor has been changing the language around inflation. a couple of weeks ago, he famously used the phrase that the rpa are not inflation nutters. swaps traders saw and analysts widely expecting the rba not to move today and they did not disappoint. they did not move. they said the policy was consistent with sustainable economic growth and jobs growth over the near term. the aussie dollar, little changed on that decision. youssef: the commonwealth bank ceo is continuing his appearance in front of australian lawmakers over banking con

nejra: let's get the bloomberg first word news with rosalind chin. rosalind: thanks.h output grew less than expected in the third quarter with gdp expanding in the two -- to september. it leaves europe's second-largest economy lagging its neighbors. with for your growth expected to be a 1.2%, it is growing at less than half the rate of germany and the u.k.. amazon shares have fallen in extended trading after the company said it may not actually make any money over the holiday season. the online retail giant says it is still waiting to spend lavishly on products or areas that could be the next big thing, even if it means thinner profit margins and a weaker stock price. but earnings at alphabet topped estimates after steady internet ad sales made up for heavy spending on its unprofitable experimental unit. japan refusees in to rise despite shinzo abe and haruhiko kuroda's best efforts to revive the economy. core inflation fell .5%, its seventh decline since september. the boj policy board may revise its inflation outlook for hitting its target next week. china's communi

in the meantime, let's get the first word news with rosalind chin.e still without power in the southern united states after hurricane matthew. almost 400,000 homes and businesses remain in the dark in florida with more than one million affected in georgia and the carolinas. dozens of people are reported to have been killed by matthew. didi warning of lower availability and higher prices under proposed new rules. beijing, shanghai, and shenzhen want to restrict them to local residency permits. didi says that is less than 3% of its drivers. it also says tighter vehicle standards could rule out more than 80% of its cars. singapore listed commodity trader noble is raising $1 billion by selling a u.s. energy unit. the deal gives $800 million in cash. hit by a rout in commodities. richard said he aims to raise $2 billion by cutting jobs and selling assets. asia's richest woman is linking up with a chinese company to form the most iconic capital company in asia. they are paying 277 million u.s. dollars. the deal still requires regulatory approval. 1.3% of t

you very much, rosalind chin. up next, we will take a look at who is raising the alarm. goldman sachs is concerned about money, which is flowing out of china. we have the market open in hong kong as well as in shanghai. this is bloomberg. ♪ rishaad: this is bloomberg markets. singapore's monetary authority ordering falcon private bank to cease operations in the city after resting its local manager. also finding dvs and ubs for anti-money laundering. the actions follow investigations. shery: samsung had its busy -- biggest intraday fall in a month. more leading carriers drop the device. their baby -- there may be a new defect in the phone. balance was trade the equivalent of $2.3 billion. shery: markets across asia are rebounding from two days of losses. david is monitoring the market opening of shanghai and hong kong. david: most markets were open yesterday, three major ones and those three which were shut yesterday are all up and running. india is closing up shop today. we are getting a decent tailwind out of wall street. you are seeing oil come off as well a little bit

rosalind chin joins us for more on this. what has he been saying? been saying, use the facilities at my new complex. he is building a new complex. part of that will be a movie studios. he is offering filmmakers a rebate of up to 40% on some production costs, which adds up to $150 million a year, to shoot movies there. soundstages. and many are eligible for this rebate. you can see here the signing fewmony that happened a hours ago. companies have agreed to use the facilities, legendary will shoot indao, andovie in q also "godzilla." he has big ambitions. a part of this is the metropolis, which will start operations in 2018. as well as a movie studios, it will have an animation studio, underwater studio, a museum, a hospital, and a yacht club. he says he expects china's box office to grow 15% a year. china's box office revenue has fallen this year, about 16% in the third quarter. he is forecasting box office growth this year. as wang jianlin says, china will be half of the global market. if you want to make money in this market, you have to understan

let's bring in rosalind chin. how big would the investments me?lind: we have $1 billion $2 billion from these five suitors. s market cap is now $290 million. a pretty big jump in terms of market cap compared to these offers. kkr, the bionclude company. the last two being airbag makers as well. waslast time that takata valued at more than $1 billion was definitely last year. this increasing cost due to recalls really eating away at its value, as well as, the situation goes on -- as more recalls get announced, we also see that the recalls could total more than 100 million devices worldwide. the cost is estimated to be more than ¥1 trillion, which is more than 10 billion u.s. dollars. angie: let's take a closer look. not all bids considered equal. why are some viewed more favorably? rosalind: there's three bidders that sources are telling us takata may lean towards because all five did propose rossi as an option, but two insist on it. that is one of the reasons t akata may not look at those favorably. kkr,hree are daicel, and specs and gate. at this

. >> thank you, rosalind chin.ing up, saudi arabia may have boosted oil sales to china, the world's second-biggest consumer. you're going to find out why. this is bloomberg. ♪ hong: it is 12:30 here in kong. that chinesew economy remained stable in the third quarter. expect some present in line with estimates. intory output increased 6.1% september from a year early -- a year earlier. stability may provide room for policymakers to switch towards reining things in. investors and be giving up on japan. track for are now on their biggest annual axis since the back they fled monday crash. the output is bigger than any of the market crashes, and helps explain the temps inside of the topics this year -- topix this year. saudi arabia has hinted at how much it will spend on its bond sales. they will be offered at a higher rate than u.s. treasury's, as well as recent offerings from qatar. there's a $97 billion shortfall caused by cheap oil. there is a call for urgent international evenings -- meetings in mosul as allies con

here is the bloomberg first word news with rosalind chin. rosalind: the pound fell after the british prime ministers said she will pull the trigger on brexit by the end of march. theresa may will invoke article 50 of the lisbon treaty, starting a two-year process of taking the nation out of the european union. confederation of british industry has called for urgent guidelines on how u.k. business will trade with its biggest partner. u.k. chancellor philip hammond will use his first major speech to reiterate that britain has dropped its goal to achieve a fiscal surplus by the end of the decade. he is due to underline that the deficit remains "unsustainable." he would use the speech to suggest a new plan to manage the nation's finances in a pragmatic way. jobslans to cut about 5800 over five years. the dutch lender expects to save about 900 million euros annually through the initiative. speaking to bloomberg, chief financial officer patrick flanagan said the investment in tech will impact jobs. invest in digital transformation, and continue to

rosalind chin has been across the story. what is driving the sentiment? a difficult time for cathay. in the first half, cathay said hopefully the second half will be better, but now they are saying the second half probably will not get better. it indicates how tough things really are. it did say the business outlook is deteriorating and it is facing strong pressure from, yields,and pressure on and revenues are coming in lower than forecast. i mention yields because that is .he key metric of profitability the number of passengers carried by cathay and dragon air, one of its units, increased in the first half, but yields slumped 10%. things are not going well for cathay, and it is part of the increased competition. engaged insay we are a critical review of our business. review will include all options for efficiency and relativity. this morning, at least two wreckers cut their ratings after the outlook. the bloomberg, zero buys, seven holds, 11 cells. >> if you take a look at how the stock has performed, it is slumping 5.6% during today's session, but check

i have rosalind chin, this is bloomberg.'s get into these equity markets -- shery ahn, two different stories, looking at the levels, they are talking about dollar-yen and corporate in japan are not on board with shinzo abe. they didn't get the notes for mr. kuroda. shery: no, apparently they didn't. corporates have been very reluctant to spend more increased investment, and we are seeing that the spike in the japanese yen in the last session just hit the market, with the nikkei down .1%. right now the japanese yen is holding steady, but analysts say it would see more than global markets -- including the u.s. general election in the short-term. take a look across asia, they look pretty mixed. at least the regional benchmark index is gaining ground after falling to the lowest level in two weeks. the hang seng turned positive after declines earlier in the session, up .2% after falling to a low not seen since august. the shanghai composite fell .2%. we are hearing that authorities are's deking u -- are stepping up, buying insura

rosalind chin has been covering this story for us. the chairman playing a bit of a blame game here. >> this is the first time that the hanjin group has spoken in public about this issue. hanshinshipping -- hanjin shipping submitted to creditors. that was rejected. they said basically what they had offered in terms of a plan was not enough to get more help from them. they actually estimated close to 890 million u.s. dollars was and extending maturity rates on some loans. hanjin needs to submit a proposal by september 23. as yvonne mentioned, the blame game was going on. they said that the bank had halted support because the main shareholder did not make any move to provide liquidity. the main shareholder of hanjin shipping is korea airlines. it is a bit of he said she said going on here. officials met with hanjin executives in august to set up a contingency plan. that plan was never established and that was partly because hanjin shipping said it could not share confidential information about its customers with the banks. so what they a

let's get the first word news with rosalind chin. >> at&t to buy time warner for $84 billion forming telecom and media empire. warnerl values time 20% above friday's closing price. the deal includes hbo, cnn, and the warner bros. studio, allowing at&t to expand into media and entertainment. td ameritrade and its largest stakeholder, td bank, are said to the near a deal to buy scott trade financial services. sources tell us td ameritrade would take scott's brokerage operations for about $2.7 billion. the deal would combine two of the largest online brokerages. malaysia has announced a budget that hints at early elections. the prime minister listed millions of ringgit in cash and grants for lower income citizens and young people. they include cheaper housing, discounts on student loans, and tax relief on smartphones and tablets. this aims to boost growth and shore up his support after months of political turmoil and financial scandal. china's leaders gathered this week for the final communist party plenum before next year's congress. the central committee issued guidelines on the imple