shanghai is an economic giant within china. the average life span here has exceeded 83 years, the longest among all chinese cities. the reason for this is the high standard of living and the nation's top notch few dong university shanghai cancer center is china's oldest hospital specializing in cancer treatment. more than 1 million patients visit this hospital every year from all over china. in order to treat all of them, the hospital has set up 26 departments. among more than 500 specialists, physicians with good reputations get flooded with many patients come here in hopes of getting china's latest treatments but some have little chance of recovery had they're cancer has worsened. this integrated therapy department was established for such seriously ill patients. it's where china's first palliative treatment was introduced in 2016. palliative treatment seeks to relief pain and temporarily improve conditions rather than treat the disease itself. it prioritizes quality of life by providing painkillers and removing acidic flu wi

speaking foreign language ] >> she came to shanghai eight years ago. she now works in a medical-related company. she is often called a shung yew even by her cheng is from the autonomous region having always been the best student in her local schools, she went on to attend graduate school in shanghai. after graduate wlg honors, she became an official shanghai resident which is difficult to do. at about 36,000 u.s. dollars a year, her annual income is more than double that of peers her age. she flies all over china for work. but she says she hasn't returned to her hometown in several years because her relatives always try to set her up on arranged marriages. she has no interest in men living in rural [ speaking foreign language ] >> the harder she works, the more responsibility she gets giving her less time to rest. she often simply shiples between her home and office. she never thought she'd come to be called a [ speaking foreign language ] [ speaking foreign language ] [ speaking foreign language ] >> he was the only person she has ever been engaged to

details from beijing, shanghai, and shenzhen. beijing, house prices of 22 point 5% in april, year on year. for april, house prices in shanghai of 14.2% year on year for april. shenzhen, house prices for april up 6.7% year on year. monthly basis, house prices unchanged, so cooling in shenzhen, but beijing strong indeed. the overall number, prices in china in april rose in 58 cities of the 70 monitored, down from the 62 we saw in march. really that march number surprised many, much stronger. so prices rising and slightly fewer cities than the month before, but still showing relative strength. has been number explained because people said a rush as people sought to block him before more cap's were put into place. cities, the major cities come have put in regulations to make it more difficult, bigger deposits, harder to buy a second home. if you don't live in the city or are from the city, it becomes more difficult as well. on the flipside in the smaller cities and towns in the heartland of china, they are trying to move some of the

eventually to shanghai. but somewhere near russia the flight diverted. instead of continuing to shanghai it went to norita airport near tokyo. the daily caller reported a passenger tweeted, "captain just made an announcement due to diplomatic issue we are not being allowed to enter russian air space. we will stop over to refuel." crazy. the flight eventually resumed and landed in shanghai three hours behind schedule. another passenger tweeted at united. can you clarify why flights ua857 and 198 were diverted to japan from their destination in shanghai, please. a united spokesman told me the flight was diverted to refuel, "following a reroute by air traffic control." when i asked why it was rerouted and if it had been denied entry into russian air space, united responded, we are working with air traffic control to learn more. the diversion happened just as secretary of state rex tillerson was in moscow for diplomatic meetings, just days after a chemical weapons attack in syria. the state department responded to my questions with this. weerer you to the de

tom mackenzie coming to us from shanghai. in the first quarter, however, that contraction was less bad than had been forecast. let's get over to our southeast asia economics editor for more. we do know that singapore is a must a canary in the goldmine -- coal mineecause -- because of how burnable it is to headwinds. morning.good that is exactly it. with the gdp numbers showed today is we are starting to see that recovery in export demand, particularly the pickup in demand from china and the global growth picture becoming more rosy. we are starting to see that benefit singapore, the manufacturing industry did cra k contract on a quarter to quarter basis, but less severe than the government estimated last month. also, interestingly enough, the government came out with their ,wn predictions for this year keeping the headline projections the same, 1% to 3%, but said the gdp will actually come in for topfull year close to the end of their target, so above 2%, which is good news for an open economy like singapore. haidi: i guess it

we had the shanghai, shenzhen come upetty modest about .1%.n thatg a $500 billion liquidity driven route as the government tries to clamp down on leverage, but has inadvertently created a misstep when it comes to sentiment in the markets, but we did see that producer price index fitting with the overall story that the best in terms of factory gate inflation has come and gone. rishaad: nice one there. a look at first word headlines. president moonn jae-in taking office with plenty on his plate. markets a muted response. he got 41% of the vote, but his predecessor is in jail and he is starting his single five-year term patient threats from kim jong-un's regime. in the united states, president trump has fired fbi director james comey on the recommendation of attorney general jeff sessions and his deputy. he becomes only the second fbi chief and the bureau's history to be dismissed. he had been leading an investigation into alleged russian meddling and moscow's links to trump aids and associates. rishaad: walmart to pay $300 million to resolve an

. >> reporter: united flight 857 departed sfo at 2 pm bound for shanghai. the 13 hour flight takes the 747 over alaska and down the russian coast to shanghai but somewhere near russia the flight diverted and instead of continuing to shanghai it week to tokyo. "the kaplan -- captain just made announcement that due to diplomatic issues we are not allowed to enter russian airspace so we are stopping to refuel, crazy." the flight resumed and landed three hours behind schedule. another tweet, "can you clarify why the flights were diverted from their destination and shanghai, please." the united spokesperson said it was diverted to refuel following a reroute by air traffic control. when i asked why it was rerouted and if it had been denied entry into the russian airspace, united airlines responds, "we are working with the air traffic control to learn more.">> reporter: this after the diplomatic meetings and days after the chemical weapons attack in syria. " we refer you to the department of transportation that oversees the faa." they sent this email, "a reroute i

robin brant is in shanghai for us. robin, good to see you.d mean for boeing and airbus, but nearly ten yea rs boeing and airbus, but nearly ten years in the making, this is a big deal in china? yes, this is a moment of national pride. it is a moment for china to prove its technical proficiency to people here and the outside world. it is politically important because china's leader, president xijingping, important because china's leader, president xi jingping, has called for a growing domestic aviation industry that he says can reflect the new capabilities of the world's number two economy. china is focusing on strategic industries in its effort to show technical proficiency and expand production abroad. part of that is the nuclear and is to, part of that is high—speed rail, aviation is one of those. this particularjet was first announced in 2008, we got the maytin take—off and a safe landing in shanghai today, about nine minutes ago. there will be sighs of relief. the key thing is to develop it and sell it not just the key thing is to develop

the shanghai composite down .79% right now.ole: stock market stood is fairly higher but taken in stride here, we did see the cac quarante fallback three quarters of 1%. the london cap fractionally. cheryl: and currency committee or hit a seven-month high overnight after the french election but the anti-europe candidate marine le pen. $1.9 d.c. pressure in the u.s. dollar. warren boxer at the annual meeting and comes out swinging against the border tax plan. liz claman right there with the story. cheryl: comcast and charter to enter the bruising business of mobile telecom. we will have all the details for you. comey sports, lebron james and the cleveland cavaliers sweep toronto raptors in a marathon game in baseball as the yankees go 18 innings against chicago cubs. all the highlights for you. cheryl: 5:31 a.m. in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: present term congratulate the last emanuel macron after the former investment banker defeat of far right candidate in yesterd

shanghai, hong kong markets getting started. thank you.k at the hang seng index, another day of gains for the hsi. it continues to rally, now the highs level since july 2015. we are seeing the 14 day relative strength index continued to be placed in overbought territory. when it comes to hong kong, keep and i on exporters. hearing hong kong exports grew much less than expected, around 7%, instead of the expected 12% plus. keep an eye on energy stocks, the shanghai composite falling .2%. energy leading goes declines. you talked about it, but it is all about what is happening with opec. a lot of those cuts, the extension of the reduction deal, being priced into the market, so whipsawed prices were , and now oil and gas exploration companies in asia, not only the shanghai composite, but also australia, getting hit. when it comes to the overall market and the financial situation in china, we are hearing the pboc will inject 40 billion yuan into the banking system today using seven-day reverse repos. the offshore yuan is making a few headlines.

the pro-dex we are producing are in point especially shanghai. a strongt interest in finding a balance between the services industry chemicals industry, and therefore all the permits we need for production facilities, we get in time, and therefore can produce as much as we want. have done well since the ipo in 2015. what is the path of growth going forward? are you looking at m&a deals? far, our focus has clearly been on organic growth, also given the fact we have been an independent company for 18 months, we started our journey with debt on our balance sheet and the goal was to reduce the leverage on the balance sheet. that has happened faster than planned come so now we have the opportunity to look at at not only organic growth, but m&a. we don't have a shopping list, but we see the whole market is consolidating and we want to be a consolidator there as well. rishaad: when will you list? >> good question. we are making all the progress we can make. speaking, it does not only depend on us. on the companies to help us. would you consider listing

i wanted to show you the thing shanghai composite.saw this edging toward its lowest close in seven months yesterday. the stocks closed higher. it has moved higher, up 1% above 3100. guy: thank you very much indeed, nejra. this is percentage change on your mov screen. what are we seeing this morning? bbva, lloydsemens, on the upside this morning. flip it back to what is happening with some of the other names as well. zodiac seems to be an m&a story in france. let us see what is happening on the downside this morning to run you through what the story is. amex ex-dividend this morning. a whole bunch of socks this might. w morrison is ex-dividend as well. go. stocks it generally ex-dividend on a thursday. matt. bank may be close to settling a u.s. federal reserve into how billions of dollars moved through the bank and out of russia. meanwhile, democratic lawmakers have asked the german lender to hand over its findings on the handling of the russian mirror trades as well as banking on -president donald trump. joining us to talk about this,

the only market open is china could the shanghai composite down a quarter 1%.trenches lawmakers threaten airlines if they don't improve their customer service. transfer the celtics if the washington wizards and hockey come of the new york rangers got there seriously. we love highlights. nicole: 5:01 a.m. in new york. wednesday, made very. we welcome you to "fbn:am," your first look at morning markets and breaking news. lauren: republicans making some last-minute changes to their health care bill as president trump works phone in search of support. moderate republican fred upton who opposed the bill now reportedly under change that would help people with existing medical conditions pay premiums. steve scully's way in and as the clock ticks down to a possible vote before a recess that last 11 days. >> are bill protects people with preexisting conditions and provides multiple layers of protection in ways that obamacare doesn't do. >> some white house officials want to vote in the health care bill tomorrow. that decision not just victor paul ryan and majority leade

we will stop over in narita to refuel, crazy. >> the flight resumed and landed in shanghai three hours and another passenger tweeted at united, can you clarify why flights you a 857 and 198 were diverted to narita and had a doubt from their destination in shanghai, please. united spokesman told me the flight was diverted to review quote following a rewrite by traffic control. when i asked why it was rerouted, and if it had been denied entry to russian airspace, united responded, we are working with air traffic control to learn more. the diversion happened just as secretary of state rex tillerson was in moscow for diplomatic meetings which was days after chemical weapons attack in syria. the state department responded to my question with this, we refer you to the department of transportation, that agency oversees the faa was sent me this email, a u. s. flight was routed around the russian airspace tuesday. because of reroutes are routine and most often occur when there are issues with the paperwork that is filed to obtain clearance to access the airspace. when i asked for the actual rea

this is the shanghai composite index versus the all caps world index.measured, chinese stocks has lost as much is 5.8% over the last month. global stocks have gained as much as 3%. the last leg down over there. what that means is, this dirgence between shanghai stos and global stocks is now the widest since the late 2014. they have not trailed global stocks by this much since late 2014. it seems like it is a collective shrug of the shoulders when it comes to global market reaction because everyone is like -- ok, no big deal. now.: dot dot dot, for i am also showing you what is going on as far as the asia and the shanghai composite is concerned. but what about hong kong? i'm really excited about this because this is what we were talking about monday and tuesday this week. the possibility investors will say that we are concerned about what is going on the didn't -- in the domestic stock. at is what i am showing you here. -- itt purchases by the was $450 million on wednesday. and we have that green circle. that is the most since february 22. the leverage c

shery: the shanghai composite and the hang seng extending declines.t the moment when you weigh all of the stocks. energy is up, oil gaining ground. news that saudi arabia and russia will extend those output cuts for nine more months, but 24 out of 25 analysts do expect those cuts to continue. energy is out, but the rest of the sector is not looking pretty. rebound on wall street, but that positive sentiment not getting filtered through the asian session right now. take a look at this chart, the made upna index, mostly of overseas stocks in those traded in hong kong, they have been gaining ground, but the shanghai composite has been losing ground because of deleveraging efforts out of china. correlation between the two indices has fallen in the past few sessions, although we are seeing a slight correlation falling to a 2006 low. today, the big news comes out of the currency markets, the offshore yuan, some weakness for the offshore yuan, that after six sessions of gains. dc,he turmoil in washington not only that, but what is happening with the politica

the shanghai, falling half a percent.diverge from the type of gains we see in the global equity space.as you can be with can see, the rally stocks also on the decline. we do have shares in sydney falling half a percent, some of the biggest drops from the retail space. the likes of harvey norman continuing to follow given the retail not -- numbers we just saw. i want to take a look at what's moving in hong kong, specifically macau casino operators. asning shares got as much 8/10 of a percent on monday after the government unveiled new atm rules for cardholders. incident analyst harry curtis says this could be a near-term blip as chinese gamblers are very resourceful moving money from the mainland. wynn results also lowered by that news. international finance containing the spring meeting in tokyo. election results breathing a sigh of relief in the investment world, but there are still times on the road. let's go to our editor, kathleen hays. there's a lot to talk about. what is the focus? let's start on what you just menti

. >>> well, now we're taking you all the way across the globe to shanghai, choo that, because that isre captain jack sparrow conquered the red carpet. everybody wanted to be there, but carly steel got the invite, because "e.t." was the only u.s. tv show at the epic launch of johnny's new pirate adventure. >> captain jack sparrow is back. and we flew halfway around the world to join johnny depp and the cast here at shanghai disney. >> get ready. going to get weird. things are going to get weird. >> we love it. who doesn't love a bit of disney, huh? >> playing orlando's son in this fifth installment is handsome 27-year-old britain. >> how awesome is this? >> it's great. the e are sepgs from to great. >> playing the baddy in this one is javier bardem. >> did she give you any advice in working with johnny? >> the advice is very simple. have fun. it was like watching how he became sparrow and it was -- >> i'm so sorry, were you still talking? >> it's license to be irreverent and stupid. >> what advice would you give to your sounger self, 15 years ago? >> moisturize more. >> did your son kn

they are hosting a match in shanghai. jason scott is looking into the push.ing behind this game in china? reporter: this has been a long time in the making. it is about a four-year project from adelaide. they are a small working class that australian rules, and was started four years ago. they started thinking outside the box and leaning towards china for a way to pick up their revenue. it started about three or four years ago when business in hong kong and shanghai were forming players. they built up there's, make businessns with the community, including the founder of this major real estate company in shanghai. he bought adelaide, liked it, they hosted the game in shanghai late yesterday. -- played yesterday. haidi: we know that things happen and take off in china when beijing puts people behind it, so where does the chinese government stay on this initiative. reporter: they are being very supportive. the chinese government will look promoteas a way to chinese businesses getting its foot held in australia. it is important in hosting the games, which is a mi

shanghai stocks or the shanghai composite trading at october lows.been as low as september 2016 levels. elsewhere, though, and a lot of brazilians coming through. japan's nikkei index up by .5%. some of the emerging markets looking good as well, although it is worth noting indonesia and jakarta composite index has come off those record highs. , we have seen weakness in the iron ore contract and also reports that the ceo says he believes the iron ore client has to drop even further. toshiba corp. up by 6.5% after reports it may seek buyers for its westinghouse unit as early as this all according to the ceo of that unit, and then elsewhere , china everbright also doing well after we saw morgan stanley rate china ever grand at overweight. emily: this is "bloomberg technology." i'm emily chang. former cia director john brennan testified before the house intelligence committee tuesday. for the first time, he publicly said he was concerned about possible ties between russia and the trump campaign, saying that russia "brazenly interfered" in u.s. elections,

a look at the shanghai composite index down nearly 1%. lauren: complete live coverage out of washington today. nicole: almost 5:01 a.m. in new york. wednesday, may 10th. we welcome you to "fbn:am," your first look at morning markets and breaking news. lauren: president trump firing fbi or james comey after officials claim comey's handling of data e-mail case last year rendered him unfit for the position. >> although there is evidence of potential violations of the statutes regarding the handling of classified information, our judgment is that no reasonable prosecutor would ring such a case. we are expressing to justice rv that no charges are appropriate in this case. lauren: white house press secretary sean spicer tonight. >> the deputy attorney general made a determination the fbi director of boston's confidence. made a recommendation to the attorney general. the attorney general concurred with that and the president agreed with their conclusions and terminated the attorney general, fbi or position as the fbi. lauren: comey was speaking

reporter: shanghai was something near and dear to your heart.d it is now profitable already. it is exceeding expectations. you always expand something working. i know there's already plans to expand on shanghai are you doubling down, or thinking about additional parks in china? >> this is a important projects for me. i worked on it for over 17 years. i'm extremely proud of what the team ultimately designed and created. i'm also proud of how it has been operated in the first year and proud of how the chinese people have taken to it. we are probably just a few days away from hitting 10 million in attendance. it had been our target for the first year. we celebrated the first year anniversary in mid-june. we are running ahead of where we hoped we would be. about two thirds of the is fromce from -- outside the shanghai area. that is interesting. a national this is destination. we expected to thirds of attendance to be within the shanghai region. that is encouraging. we have a piece of land that is very large in terms of not only the sides, but the ab

let's go into shanghai.ve had a pretty hard time of it when it comes to melee markets in particular. liquidity rising, negative sentiment in selling. no jumps when it comes to chinese equities, but also the bond markets. we had the long weekend, so let's refresh things a little bit when comes to mainland investors care let's go to sophie for a look at the china open. traders in hong kong looking a little more refreshed after the long weekend. hang seng coming back higher around 6/10 of a percent, resuming gains for a fifth day. stocks in shanghai, shenzhen sliding a third of a percent. chinese markets starting off the month of may on a down note, adding to -- snapping a four-day advance as the government's anti-leverage campaign makes its mark. it has wiped out about $300 billion worth of stock market value, and set chinese bond yields to the highest in nearly two years. a quick comment on the cost be. isis -- coffee -- kospi rising since -- the highest since may 2011. it is up about 9.9% year to date. check

but shanghai sipg missed the chance to claim top spot when they lost 3—2 at western sydney wanderersd a last—minute winner for the 2014 champions. arsenal moved up to fifth place in the english premier league on wednesday after defeating southampton 2—0. alexis sanchez and 0livier giroud scored for the gunners. she was an ambassador for the fifa world cup in brazil, and she carried the olympic flag into the stadium at last year's 0lympics. but marta has yet to win the bbc women's footballer of the year award. could this be her year? translation: i was very happy with the nomination one more time by the bbc. this shows that really what we have been doing over the years has been fruitful. she is five times world champion, a true warrior, a humble person. when you talk about women's football, you already think about marta. women's football — marta. national team — about marta. women's football — marta. nationalteam — marta. about marta. women's football — marta. nationalteam - marta. she is very important. i used to sell fruits in the public market and also wait to help my family. i als

andre villas—boas's shanghai sipg beat local rivals shanghai shenhua 3—1 on saturday to stay in touche points were sealed in stoppage time. hulk‘s backheel allowed 0scar to fire off a shot which came back off the crossbar, strike a shenhua defender and roll back into the net. have a look at the replay. the 3—1 win took shanghai sipg to 23 points from ten games and kept villas—boas's side within two points of luiz felipe scolari's guangzhou evergrande. germany's alexander zverev became the youngest player in a decade to reach a masters final when he clinched a gutsy three—set win over big—serving american john isner in rome on saturday. zverev, who is 20, will meet either four—time winner novak djokovic or austria's dominic thiem in sunday's final. djokovic was the previous youngest masters finalist, going all the way to the title in miami as a 19—year—old in 2007. i have had a lot of tough matches, a lot of tough opponents, it will be truly amazing for me. john played very well this tournament, he has also beaten a lot of good players, a fantastic match today. dutchman tom dumoulin fu

in china, the shanghai composite index down after 1%. lauren: new cyberattack under way has direct effect at 150,000 computers worldwide. will tell you how you can protect yourself. nicole: retail earnings in focus today. today we are the largest brick-and-mortar retailer wal-mart. lauren: in sports and the cleveland cavaliers overwhelm the boston celtics in game one in the ottawa senators looked at pittsburgh penguins to take a lead in the stanley cup playoffs. treated 25:01 a.m. in new york. what about david thursday, may 18th "fbn:am." lauren: a major development in the rushed investigation. deputy attorney general bob rosenstein announcing robert mueller has been appointed a special counsel to oversee a federal investigation into russian efforts to influence the 2015 election and allegations of collusion between the trunk campaign and the russians. senator james langford on special report that mueller's appointment would help expedite the fbi investigation. >> the good folks at the fbi, career folks have been leading this investigati

in asia, we're seeing red in shanghai.s off the back some of slightly disappointing chinese trade data. the fx groove. that was positive. in general, the market reacted to disappointing trade numbers. japan closed for three days. it was playing catch-up. european trade despite that resounding visibility 44 from emmanuel macron, it was mixed. bear in mind, over the first two weeks, the first round result, the french cac was up by friday's post. we're lose something ground today. that resounding victory came through last night. all of that together does mean u.s. futures are a little soft. it comes off the back of gains last week, about 0.1%, the nasdaq. the tech was the post performer. 0.2 down. sara. >>> making headlines this morning, china's president tightened controlling over news channels and channels. xi jinping has made it a top priority. he's been pushing for strict control over content. china bought sites such as google and facebook. >>> back here in the u.s., paul singer's elliott management raising about $5 billi

shanghai gaining a bit.apan and hong kong down a little. >>> as for the broader markets, ten-year treasury note yield little changed to lower has been the story. still sitting below 2.30 on the ten-year. 2.22 is where we are. as for the price of oil, weaker has been the trend following that opec plus russia decision to extend russia cuts. maybe the u.s. has more power over the price of oil and supply of oil. wti down 1%. 49.14. brent down more than 1%. 51.25. energy stocks were big losers during the month of may. as for the u.s. dollar. dollar was also a loser, almost down 2% that has helped a lot of the multinational earnings. better quality, better tone to earnings. let's see if it lasts. the dollar is firmer against the euro barely, 1.1175. unchanged against the yen, 1.1082. firmer against the british pound. gold prices, gold was soft during the month, down about a half percent. worst month for gold since december. had been marching higher all year long, giving a little back this month. it's high their mo

china's shanghai composite index and a quarter 1%. lauren: retail earnings concern. this morning the latest results from target according to one analyst investors should prepare for nothing but awful. "cavuto" sports, golden state warriors crush the spurs to go up in their playoff series in hockey than national predators top the anaheim ducks in the western conference hockey finals. we will have the highlights. lauren: frio 1:00 a.m. in new york. the new set of d.c., fast and furious this morning. welcome to "fbn:am," your first look at morning markets and breaking news. journey to the white house seriously denying a "new york times" report that a memo by former fbi director james comey says president trump asked to shut down the investigation into national security adviser michael flynn. the statement saying end quote while the president has repeatedly expressed his view that general flynn is a decent men who served and protected her country, the president has never asked mr. call me or anyone else to end an investigation involving general flynn. lauren: jason shape

london, new york, shanghai, multiple other cities as well. what was the reason you went abroad?fferent ina abroad? i think every city is very different in a way. for example, going to china, you would think going to china, you would think going to china would be easier than london or new york. but there was such a stigma in china. product registration is extremely difficult. just to get the products registered before you could even have your products, you know, used in your salon, retail, it was difficult. labour laws. it was very difficult. and then the compliance, you know, in terms of taxation, filing off accounting, licensing of beauty treatments. there were many things that were very difficult. i think that were very difficult. i think that in every city you want to go into, it takes almost three years to learn something. that is about right. someone said if you have to be good at something, you need to invest about 1000 hours. it is never easy. we have just come from your spa to one of your restaurants just down the road which is quite an unusual concept. this is a big gar

shanghai comp, the main index in china continues to get under pressure. down a percent. it is now at the lowest level since back in october. as for the early action in europe, legts sht's show you wh going on. some weakness but fractional moves. the german dax unchanged. ftse 100 in the uk is positive. weakness in italy. >>> look at the broader markets, a slightly risk-off response. the ten-year note. that yield yesterday hit a six-week high. the highest level of 2.4% since march 31st. it's backing off a bit now. not a dramatic move, but definitely halting the rise there. looking at oil, had a bit of a weak afternoon yesterday. it's been struggling to get out of the mid 40s in terms of wti. you can see it up 1% this morning. going to attempt another bounce. yesterday it was also looking similar at this time. the dollar has had a bid overnight. maybe not. a bit mixed. you see it there. >> the euro just under 1.09. dollar/yen is down. stronger dollar against the japanese jen. gold has been definitely under plenty of pressure. a slight bid there up a half percent. >>> presi

it hurt the shanghai comp earlier. but that recovered by the close. european trade mixed to down today. a relatively positive week. half a percent higher for the week coming into today. the ftse just below flat but slight gains in germany and france. >>> we mentioned oil popped more than 3% yesterday after that crude inventory data out of the u.s. bigger draw down than expected. also goldman sachs cut its dollar forecast by more than half. the firm cites overvaluation and growth outside the u.s. picking up. goldman sees the scope for monetary policy divergence smaller this year than the past. >>> euro/dollar, 1.0874. the spound wepound is weaker th morning. there's a bank of england meeting that we'll talk about. gold prices got a bit of a bid yesterday for the first time in a while. they're up again about 0.2%. let's add bitcoin to the mix. it crossed $1800 for the first time adding 3 billion in market cap in four days. among the reasons for the rally, legalization in japan, also minneapolis fed president neel kashkari talked up the potential of the

shanghai stocks trading at levels we have not seen since early october.itch out of the seng index. it has been down for the past few sessions that we did see a downturn in the aussie dollar on the back of that credit downgrade to china's debt. having a look at some of the stocks we are watching, noble group is recovering in singapore after plunging heavily on the open again today. saying it is not aware of reports that sinochem is walk -- has walked away or is not invested -- interested. tokyo. by 8.4% in the westinghouse unit said they are looking at starting to sell out that asset. fortescue metals group impacted by what we saw in the iron or price. comments.ming in with have a look at this chart, you are seeing investors quite low on emerging-market currencies is also on the yen which seen is that safe haven risk. quite interesting that these two are core -- correlating when normally they go in a different direction. bank of america merrill lynch saying these cannot be sustained. it is likely the yen will fall when the fed starts to tighten policy and

shanghai and hong kong, a crucial open, surprise news out of moody's. reaction when it comes to equity markets. we are seeing the hang seng index lose ground and some downward pressure. reaction to the downgrade when it came to the offshore yuan, which fell. the hang seng down .2%. it is being dragged down by real estate stocks. this is interesting because we securities journal saying they could see tighter regulations for real estate finance when it comes to trust the businesses this year, so what we are seeing in this about .25% fall of when it comes to property developers and so forth. shanghaiomes to the composite, we are seeing further declines, now at the lowest level since october, but this has been a down trend for the chinese markets and a lot to do with deleveraging efforts in and so on,ncial risk and now moody's downgrading from aa3.1 it's not surprising given all the issues we happen shanghai. we heard the msci ceo fernandes saying in an interview this morning with bloomberg that there are lots of things to resolve before some of those innla

the shanghai deposit, your imf function.e her in on every single sector on the way down, 1% on energy. much see where we are. there we go. rest, oil and gas storage dropping across the board. of course, mining stocks in shanghai, there we go, materials , so an interesting story there. have a look at the 10 year yield in australia. , but us andse mentioned earlier, yields are picking up across the board in asia. ten-year year yield is now 2.68%, some not quite far enough, but last month levels. it is ironic how we were talking about 3% a few weeks back. we fell as low as 2.4%. guys. foraad: thank you a lot that. let's check first word headlines. ,hp billiton under pressure down to a fresh set of activist investor demands. the world's best performing hedge fund has a added its .oice to sell swiss saysit beijing's drive to influence is promising with president trump pulling back from global engagement. it says most of the money will india, russia. rishaad: malcolm turnbull prepares to meet president trump , he has been echoing

in shanghai, we have materials leading the drag.look at consumer staples, given the emphasis on defensive stocks, down .2%. have ins and drugmakers the top gainers, but liquor makers the biggest beneficiaries. #8267 on your terminal, indicating chinese stock traders have the most defensive positions in years. they have been ditching banks and oil producers. the likes of credit swiss, erring on the side of caution, saying those traits are getting crowded. the consumer staples index has fallen .6 percent, and health care falling .9%. i want to check on shares of everbright bank, the stock ending .3%, the beijing-based company plans to raise $4.5 billion in a private share sale in hong kong. rishaad: thank you so much for that. right, let's get over to sydney and get first word news headlines from paul allen. group raisinghna its stake in deutsche bank to almost 10%. it first reported a 3% holding in february. hna holding would surpass blackrock, which had been the largest stakeholder in deutsche bank according to data compiled by bloo

on the week.7% shanghai, sydney, all down.of these yields coming down on the bond markets. interesting in the context of the commodities story. going to be a busy day. stateside payrolls data due later on. 190,000 is the number we are looking for. manus: let's get to juliette saly. that's a lot for you to digest. juliette has your first word news. juliette: thank you. in the u.s., house republicans have mustered just enough votes to pass their health care bill. the vote sends the american health care act to the senate. that salvages woodhead appeared to revereomed mission and partially replaced obamacare under intense pressure from president donald trump. it stands little chance of being passed in its current form by republicans in the senate spooked by reports the plan would cause millions to lose health insurance. >> it has been a catastrophe and this is a great plan. i think it will get even better. this is a repeal and a replace obamacare. make no mistake about it. see whatblic will now they gave their name to. they put th

shanghai closed for the week. if you can see, dropping by 1.5% at the close of trade in shanghai.d we be worried? you just got a question a number of different things. along with the commodity discussion. those are the issue at play. we keep an eye on that number in terms of consumer spending. then he wants to get ready. he wants to blow out on the italy german spread. i'm off to digital radio. sure it will be a great show. thank you very much indeed. rosneft and of the line looks like it is ahead of expectations. line lookssh flow like it has come up quite nicely. was 1.4 itquarter it is now 1.4 billion. maybe that tells you a little about what is happening. think this is interesting stuff. let's work our way through what is happening here. what you have got is market software this morning. let's ignore what else we have got. what you have got is stocks coming off. bp is down, shell is trading lower. i think there is -- it is goldman says morning on berkeley. fairly negative which is why the stock went down by 1.79%. that is where the negative story comes through. side andk to th

the shanghai composite index shanghai composite index up at quarter of 1%. the cost in south korea at the 10th of 1%. cheryl: sydney is developing a year. this was the 100 up a little bit. the pond is because there are new reports that prime minister teresa's may conservative party may be in trouble with elections there. next week france and germany down almost five, up seven. the ftse 100 something to watch today. lauren: u.s. stock market futures are mixed. s&p at the plate. nasdaq plate. nested features absent in. yesterday we did see the nasdaq and s&p is up a record seven days straight. cheryl: nice to see certainly with what's happening with oil prices. oil in particular under pressure of ready. it's been that way overnight. inventory data coming out. we shall see about the contract today. gold is up by 20 cents but oil town fractionally. lauren: are talking about this earlier. the elections in the u.k. the pound is at 127 versus the u.s. dollar. you can see the euro is down versus the dollar right now. cheryl: news we are watching today for u.s. marke

attendancehirds of is from outside the shanghai area.s very interesting because it suggests this is a national destination, which we did not really expect. we thought two thirds of attendants would be from within the shanghai region. it's very encouraging. we have a piece of land that's very large in terms of not only the size but the ability to building out, and a willing partner to enable us to do that. we announced expansion before we open, so were building a large tory story land as we speak -- story land. we believe given the success of the business already in the size of the land and interest of our partners to continue to invest in it, that you will see substantial expansion of this particular facility over the next 5-10 years. that i think is very, very encouraging. we've always believed there are other opportunities in china, but our first priority has been to open this one and to do it right. since it's less than the euro, it would be premature to speculate about anything we might be doing in another market in china but we hope

nicole: in china shanghai composite index, that finished down three quarters of 1%. lauren: uber under criminal investigation for using software to avoid law enforcement in areas not yet licensed to operate. we will have the latest in the investigation. nicole: in sports it's time to saddle up for 143rd kentucky derby. we will have a live report from churchill this morning with all you need to know about tomorrow's big race. lauren: most exciting two minutes in supports. happy cinco de mayo. nicole: president donald trump held a rose garden event after the passage and blake berman has all the details. blake: in a rose garden ceremony reveling in the passage of the american health care act, 217 to 213, 41 days prior when republicans had pushed initial plan from a floor vote but several convincing from the president sealed the deal by last-minute infusion of $8 billion to high-risk pools. the president celebrating his big e legislative defeat today while also joking about the top republican in the house. >> how am i doing? i'm president. hey, i'm president. [applause]

plunged shanghai composite and yellow started to draw.n orange, the bloomberg composite index, even as the s&p so some arelat, concerned that it could perhaps dynamic,ut a similar something to keep an eye on through the commodities complex and the equities markets. vonnie: for right now, is a positive correlation between the dollar and treasury yields set to resume? does the market look to the ecb or fed for rate guidance? guest has all the answers. he says markets are skewed to lower rates rather than high rates. i have to ask you about .esterday were your traders taking positions? >> i think that was built in. reaction after the election come equities off a little bit, bond yields up a couple of basis points. the election came out as expected and the markets aren't giving much. vonnie: what about spread markets in euros? we are seeing a movement towards less risk when it comes to the core, and maybe more risk when it comes to the periphery. any opportunities there? >> i think we are probably environmentrisk off than risk on, and rates t

the shanghai composite is down. ratcheting higher the reference rate in terms of fixing on the yuan. yuan want to keep the stable. they can afford to let the dog off the leash. if they let it go, it has grown -- global ramifications. that is the move from the pboc. let's talk about what is happening in this market in more detail. out -- up, the miners are up as well. up.iton is a -- is the futures in the index are buying out those bigger names. a decent size gains being made. some news this morning, but i wonder whether this is a continuation of a reaction of what happened in the u.k. with manifestoing of the yesterday. it will be an interesting one to see how it works its way through, but we will see. talk about need to brazil in more detail, though. matt: investors care what is happening in brazil. the real stocks and bonds tumbled as president temer became embroiled in a new controversy. it sank the most since 2008 yesterday. he denies claims that he endorsed hush money to the former house speaker, and said he wo

the shanghai composite for a third straight day.ont, the pboc fixng -- setting the yuan higher for the third straight day, the highest level since april 26. given president xi jinping's pledge for $70 billion in the for and road initiative funding for projects, the shanghai, breaking it down by sectors. industrial and materials gaining , up .6%. there is a lot of potential when it comes to infrastructure projects in cooperation with countries along that new silk road. on hong kong stocks, developers in particular. this after hong kong regulators are looking to tighten vending to the property space. we do have real estate up .4%. regulators are seeking to contain risk in the city's booming real estate market. some equity movers, let's look at petrochina. cnpc, thested unit of chairman telling bloomberg the company as looking beyond the belt and road plan and setting its sights on u.s. energy as china's reliance on imports grow. production has plummeted, prompting china to become the biggest importer in the world. b shares in hong kon

the hang seng in hong kong got traction in the shanghai composite down a quarter of 1%. south korea tacking on 1% today. nicole: racing stock features that don't jump in and europe we see the affairs as well. the london ftse up one third of 1%. the cac quarante after the televised debate last night is doing quite well, up about three quarters of 1% and the german dax, three quarters of 1% to the upside. lauren: all about earnings and economic data. a lot of earnings today. look at this nice gain of a quarter of 1% for the dow for the s&p 500 and the nasdaq looking at the future's board. nicole: yesterday called pulled back again and we are seeing gold again to the downside down $12.512.36 to troy ounce. right now it is 47.45 a barrel. lauren: facebook shows no sign of slowing down reporting yesterday first-quarter profits surged 76% to more than $3 billion. revenue rising 9% topping $8 billion boosted by mobile video advertisements. facebook group will not dominate the online advertising market is the eighth straight quarter face the read estimates on revenue. there is c

shanghai comp closing up 1.4%.e chatter with big gains and state intervention in the markets, but gentera genera strong for emerging markets after signaled patience when it comes to interest rate hikes for emerging markets. the nikkei closing higher by 0.3%. early action in europe is less strong. the german dax has turned around. up 0.1%. the biggest gains in smpain. >> week to date, u.s. markets up a percent. week to date, european markets up half a percent. positive week for markets. let's look at broader asset classes. ten-year treasury note did move a bit off the back of those fed minutes but not very much. went close from 2.3% to 2.25% which is where we stand now. the dollar did retreat around about 0.3%. the dollar was positive on the day ahead of those minutes. 2:00 p.m. they came out, the dollar closed down 0.3%. as you look at things now, we have euro strength at the margin. but otherwise it is a dollar rebound day. particularly against the yen. 111.9 the price on dollar/yen. gold prices are essentially fl

the china markets, shanghai composite down by a quarter percent. the hang seng down 0.2%. the shanghai bond connect received approval from authorities, we will first see northbound action from that. a start date is unclear. theminers were up as iron ore futures shot up dude. the asx 200 down by more than 1%. the southeast asia indices also in the risk-off mode. singapore has gained back some ground. >>> shares in fiat chrysler are trading lower following reports that the eu will launch legal action against italy for failing to property handle the emissions test cheating. the eu is frustrated at the lack of cooperation by italian authorities to clamp down on defeat devices adding the government has failed to convince them of their legality. >>> the uk government has sold its remaining stake in lloyds bank returning the lender to full private ownership nearly a decade after it was bailed out. lloyds says the government will make a 900 million pound profit from the bailout. however that figure has been disputed by a number of industry commentators who say it does not take int

shanghai down 0.3%.ikkei up 0.7%. a bit of yen weakness over the last day or two. that's one of the reasons japan is higher. european trade is closed yesterday. it's higher today. we have got about a quarter percent in france. a bit more for the ftse 100. the ftse 100 legged up a bit after we had uk manufacturing pmi in april. a big beat. expected to be 54.2. so that coming in higher than expected. the final readings of the rest of european pmis on the continent strong as expected. just the second reading as opposed to a new number. but continues to show european manufacturing and pmi is better than expected. the uk beat today was a surprise. the continental european beat was to be expected. >> notable improvement in pmi as we track the progress of the uk economy post brexit. a down day for commodities. yesterday crude lost 1%. similar in ice brent crude. today we're higher. wti at $49.05. can't get above that 50. ice brent crude at $51.86. looking at the broader commodities and how they're trading on th