i'm rosalind chin. this is bloomberg. 'sshaad: let's get to huawei hit back at washington's claim it aided china in espionage. the government from borrowing the equipment from certain network, saying it is unconstitutional to punish without a fair trial. unconstitutionally as judge, jury, and executioner. rishaad: tom mackenzie is at huawei headquarters in shenzhen. what is the role of president trump in all of this? tom: i thought it was very interesting because president trump been referred to during this press conference, and also in my institute with the chief legal officer. they referred to trump's tweets in the 5g space, saying u.s. companies needed to step up. he referenced some comments from president trump himself to the likes of the vice premier when he was in washington suggesting potentially they might get involved, president trump may get involved around huawei if it is to aid a u.s.-china trade deal. trump has muddied the waters on this. many in the administration would have preferred him to stay out of this

i'm rosalind chin. this is bloomberg.he federal reserve is expected to send more dovish policy signals at its meeting this week, paving the way for three asian central banks to maintain their policy positive as well. our global economics and policy editor, kathleen hays, is in new york with us for a preview. it is a foregone conclusion. the fed won't move, so what are we watching for? >> we will be watching what the fed signals about interest rate increases in 2019. every three months the federal reserve updates its economic projections. they look at gdp, unemployment, inflation. it is jay powell once again getting ready to update those sets and last time they did it was in december. we will be waiting to see if ory keep the dots at two one. left, a veryom the narrow consensus that there will be two rate hikes. fed officials were looking for even more this year, and several said there could be maybe none at all. maybe move the markets and the we surveyedrvey -- analysts and they are looking for the fed signal. we will als

i am rosalind chin. continue with the report on global growth prospects from the oecd. >> it has cut its global growth tradek again, saying tensions and uncertainty are weighing on the global economy. >> and economist saying global growth has started to bottom out. the oecd says they are cutting that to 3.3%, the euro area only growing 1%, and the u.k. less than 1% as they face a host of uncertainties from brexit. downgraded to 2% in 2019. this means the u.s. versus the rest of the world, the trade of last year. it has been the trade of the last two years. the index of 18% versus the msci up 6%, so three times the outperformance. we will see if that trend continues as the u.s. is the only one that will have growth revised higher in 2020, u.s. versus the rest of the world. >> the huawei cfo is under house arrest in vancouver, now suing canadian authorities, alleging she was wrongfully detained in search. the canadian government began the process at the request of the u.s. for extradition. what is she alle

i'm rosalind chin.his is "bloomberg best," your weekly review of the most important business news, analysis from bloomberg around the world. let's start off with a look at the top headlines. on monday, reports of progress towards a trade agreement between the u.s. and china had investors feeling optimistic. >> the u.s.-china trade deal could result in lifting all tariffs if china buys more american products and commits to protecting intellectual property rights. what is china willing to buy? >> china has made it clear that they are willing to come to the table. -- they have said they are willing to buy agricultural products. we're expecting more in the energy area. >> what about the u.s., what are we offering china? >> we are offering a return to normality, it looks like, and that is a lifting of the largest piece of the tariffs imposed on $250 billion in chinese imports last year. we are in this limbo stage of the negotiations because of the npc, because of the chinese political calendar, but are setti

i'm rosalind chin. this is bloomberg..do see trading on the rupee kickoff with the india open a the rupee willy, be down against the dollar, the dollar up i .25%, a slight rally in the 10 year yield as we see the yield down to 7.3%. nifty futures showing more negativity, one of the reasons could be president planning to end trade benefits -- his notice to congress kicks off a 60 day process before he can take action on his own authority. we have the details. what are the implications? what sort of trade preferences are we talking about? this is going to be a negative implication for india, they are still investigating and 2%, so theound company is are looking to trade and will have to go back to the drawing board to see how it will be impacting deficit. this is going to be negative for currencies, and the business phase will also be impacted and there is a chance that it can be traders andbut analysts are keenly watching this development. initially it will turn negative for both countries. which companies are likely to be

let's get over to rosalind chin.out that story, the indian pilot kept by pakistan may be released friday but it is unclear whether that will help reduce -- help reduce tensions between the neighbors. the prime minister says he will free the officer as a gesture of these, adding he hopes the international community will help ease cross-border tensions. the u.s. secretary of state says he has spoken to both sides and is calling for calm. his early prime minister benjamin netanyahu is to be andcted for bribery, fraud breach of trust after an investigation that could end his political career. this is the first time a sitting israeli leader has come so close to criminal charges. wrongdoing ands describes the investigation as an unprecedented witchhunt. some new york figures are pleading with amazon not to abandon its second planned campus. morgan stanley's boss and a dinkins,yor, david wrote an open letter to jeff bezos, urging him to reconsider the station in queens. they say governor cuomo will take personal responsibil

let's take a look at the first word news with rosalind chin.at they say is the big picture, policymakers continuing with the form. the talks include building a moderately prosperous society and upholding the core position on the communist party central committee. washington say most if not all u.s. tariffs on china are to be lifted as part of the trade deal approaching its final stages. sources say beijing has made it clear that they will reduce the terrorists, necessary for any deal. the white house says there will be a summit as soon as mid-march. president trump has repeated his view that the dollar is too jay powell isat someone who "likes raising rates." he says the u.s. is doing well want ofthat and that he you that is good for business. the dollar was lower against the euro on monday after the president's comments. >> we have a gentleman that likes raising interest rates. lovese a gentleman that quantitative tightening. gentleman that likes a very strong dollar. >> and spacex has taken a giant leap forward with the successful docking of

i'm rosalind chin. this is louisburg. -- bloomberg. negativity but this is what we have.back after the lunch break. let's get to the chinese markets. have a look at how they did. composite, 2.9 percent down. the move triggered by the disappointment. concerns about what has been happening with the global economy. warning about economic difficulties. the slowdown taking place. this is the market which has been -- down eight shares. that is the position of the month. barely moving, 6.72 at the moment. that is a current look at the action. get more on that -- let's get more on that china market slump. surprising? it is a most like we were kind of expecting somewhat of a correction. >> i don't think people are surprised china markets are correcting. there must be a lot of hot money. that is not a surprise. data, it is still pretty awful and does show china has as much incentive as donald trump. tomay see a bit of a ramp up get that sorted out. having said all that, china is putting in so much stimulus, they can probably ride this out. data will start to improve. for today, it

with rosalind chin >. >> china is refusing to agree to u.s. digital trade. beijing has yet to offer significant concessions but will end discrimination against cloud computing services. was deemedoffer inadequate and was withdrawn when the u.s. asked for more concrete information. special counsel robert mueller has delivered his report and found no evidence of collusion with russia and the 2016 election, however the report does not exonerate president trump of obstruction of justice, even though attorney general william barr doesn't see enough to charge. the president tweeted in triumph after the report was released, saying he has been completely cleared. >> there was no collusion with russia, there was no >> fed policy has exotic as we -- exotic this -- kenya 10-year was staying flat. the fact that the fed was trying to nip the short end wasn't working. it's being recognized in all kinds of ways. it's part of the fact that we've got slow down. pound now desperately -- powell now desperately trying to backtrack on what caused this inversion. h

rosalind chin.nd prime minister says the country suffered one of its darkest days after a mass shooting in christchurch. the attacks on mosques have left an unknowing number of people dead. people say they have arrested three men and a woman. of those who would have been directly affected may be migrants to new zealand. they may be refugees here. they have chosen to make new zealand their home. it is their home. they are us. >> the u.s. senate has voted to block president trump's declaration of a national emergency to pay for a border wall with mexico. it sets up the first veto for the president. highlighting willingness from republicans to split with her president with 12 senators voting to cancel the emergency. ppg has fired bill mclaughlin after he was charged in a wide-ranging college admissions scandal. it left the business focused on social good and founded a growth investing platform. global news, 24 hours a day, powered by more than 2700 journalists and analysts. this is bloomberg. >> thank

for now, let's get first word headlines with rosalind chin in hong kong. aussie dollar weekend as fourth-quarter gdp growth missed estimates. the rba will need to lower interest rates. a governor says the australian economy can cope with the slump. they are betting growth will mean wage gain to offset the impact of falling home values. the philippine peso is weakening for a second day. the central bank officials say they need to be more circumspect on the economy and currency. tosays the bank is committed a 2.4% inflation target but it is too early to make a decision on interest rates. self-proclaimed venezuelan is calling guaido for support from workers in his campaign to top president maduro. he said police officials [indiscernible] employee unions. he said venezuela faces a long struggle for democracy. nearing a fix it helps will clean up and $8 trillion part of the market, seen as one of the shadiest corners and finance. the issue is where investments -- investment firms encourage much -- companies to miss bond payments. [indiscernible] results are legi