about 25% from softbank, 15% from abu dhabi.the majority but they sinned be calling the shots. the vision fund is to be the off alan's acquisitions sheet of softbank. the issue is of government -- governance. be looking going to after its own shareholders, prioritizing its own shareholders over the vision fund or is the vision and going to take the hit on any losses or reveals and softbank shareholders will lose out on that? that is really a big risk for shareholders. yousef: i have been spending quite a bit of time reading the article. what i find interesting is you underscore that if all of this is true, it implies one investor may be able to dictate investment decisions for the whole fund, which opens up a pandora's box of indications. >> the concern i have is that the outward down has not yet come in. at maybe $15ing billion according to bloomberg news. why softbank looks be selling 25% of what it bought itself and why it is selling 25% to the vision fund is because of a dobby once to come into the -- abu dabhi wants to come

it wasn't clear if the money was coming from softbank or the yet disclosed softbank vision fund.ank wasn't immediately available to comment. --s according to people with familiar with the matter. center is one and have billion dollars in a new funding round. matt: let's look at where futures are pointing. about an hour from the open of european trading. down.e euro stoxx ftse futures gaining, and cap futures down. very little movement today. the reason is we were expecting health care trump's overhaul yesterday. we didn't get it. congress pushed it forward to today. -- pushed back to today. traders have been essentially sitting on their hands. a lot of people see this as very important as an indicator to the power of donald trump to push through other legislation. more that is why we are fixated on capitol hill than we would normally be. but once we get through this vote, we end up talking about the same thing once it gets to the senate. this conversation about health care and other legislative items that the market cares more about. we will come to that. there it is, the dollar

wework and softbank declined to comment.ebate about the rate rises continues with chicago president charles evans seeing three up to -- up to three hikes this year. his calling so there's no need to rush. >> i look at us as repeating the same things over and over again because we are behaving as if though 2% is the feeling rather than the target. i'm hoping to remind my target that lets take a step back. when the data calls for the we should remove accommodations. >> i would say it increased ever since the increase of 2015. this is an important fact that helps explain why the dual mandate outlook kent allow me to support two or three rate increase in 2017. juliette: that is your bloomberg business flash. matt: we are minutes away from the open. let's get to our stocks to watch. a stock that he wants to keep your eye on as people familiar with the fit situation tell bloomberg that pbg is preparing another bid. 20.9 billion euros. 83, 83 euros per share. they may be looking to sweeten the pot. guy: we saw softness of the open

put 300old softbank has million. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. is bloomberg. let's take a look at the markets. afternoon trading getting underway in hong kong and china. .25 of 1%.ng is up the shanghai is up into is -- so is shenzhen. the nikkei bucking the trend data about one third. -- down about one third. >> this is bloomberg technology. coming up another blow for uber as its president heads to the exit. apple makes a bet on the next big thing. could augmented reality per replace the iphone? note snap's public debut, one analyst had a buy rating on the firm until now. we will ask the analyst why he is bullish on the company. but first, to the lead. uber has confirmed that jeff jones is leaving. thereing reports that were controversies. this follows reports of allegations from sexual harassment to the c.e.o. travis kalanick. the company is embroiled in a lawsuit with waymo. waymo claiming uber is using stolen secrets attained by one of ub

haidi: softbank has been said to a stake in holdings.would receive a percentage .f the shares from vision fund the deal is separate from the $25 billion softbank already plans to contribute. rishaad: myanmar state banks are undergoing a push to modernize the financial system. ahead of the game when it comes to innovation. .he live event theking very much on agenda, i should imagine. the agenda.y on with accessat those to banking. less than 10% of the population. we are tight about a population of 55 million people. a man running one of the biggest banks in the country joins us. you are really passionate about about banking. a country where infrastructure is not yet established. 20% have a temper sent to bank population. i think the real opportunity here is using syntec to leapfrog brick-and-mortar approaches into the banking market. 50% of the population is under the age of 45. we have a huge population for millennial. >> what projections are you making? >> i expect to see figure present growth on mobile users. withur arrival has tied up

the paper said the decision was to -- the u.k.ht government and softbank declined to comment.dit agricole is said to be considering a sale of its 31% stake in banker saudi francie. the third-largest bank is speaking to advisers to find buyers which may include members seeking to enter the kingdom. the deal could fetch about $2.4 billion. representatives declined to comment. at your bloomberg business flash. in china, imports into the world's second-biggest economy surged almost 45% in the month of february while experts taken just over 4%. anna: that left a trade deficit of nearly $9 billion, the first trade deficit since 2014, and here's the chart. malcolm scott joins us from hong kong. it's not quite that simple, is it. give us the details behind the figure. >> there's a lot of messy details here. it's a hard one to read. the key thing to remember is chinese new year, those state fluctuate every year. sometimes in january, sometimes that the wary. last year they were in the middle of february are there about. so the comparisons were skewed by that. this year it's more the en

the deal is separate from the $25 billion softbank plans to contribute.nn looking at making a deal on toshiba's memory business. they have approached a company to explore the possibility of working together on a bit. all three companies declined to quote. they have yet to decide whether to launch a joint bid. battle at a chinese gas supplier may be coming to an end. sources say they rejected a proposal to oust two cofounders. a first of two meetings, they voted to keep the former ceo and coo on the board. the results of the second theing, the sun would sell chairman, is unfounded. betty: it is unanimous, traders sure the fed will hike next week. we will discuss that. ♪ >> this is "daybreak: asia," i'm yvonne man in hong kong. betty: and i am betty liu in new york. traders are certain the feds will move. b will noture that ec move. we have talked about it so much the past couple weeks. every day, imf him in an and we are talking about the latest said speaker. we have had so many fed speakers. and the rate hike went from 34%, -- 100%.t is 100% job and emplo

simon seger is the chief executive and says life under softbank has gotten off to a stock just a strongince the acquisition closed we have hired a couple hundred people into the u.k., so we are well on track for the undertakings that were made, especially in the first year. mark: toshiba is looking to sell its memory chip business. it is a valuation of about $13 billion, less than earlier reports that suggested. to share awilling majority stake of the unit or the whole business. vonnie: time now for our bloomberg quick take where we provide context and background for issues of interest. when interest -- when central banks started cutting interest rates to near zero they saw it as an emergency measure until things would gradually get back to normal. now they are wondering what exactly normal means. rates are still super low unlikely to come all the way back. the reason is the so-called neutral rate of interest which stimulates the economy or cools the town has fallen and perhaps permanently. in november, after the election u.s. bond yields rose on a promise of higher tax cuts and spendin

softbank is reported to have scrapped a plan to invest $100 million in smartphone potential products. wall street journal says the deal with complicated because of the increasingly close relationship between softbank ceo and apple. to invest $1eed billion in the tech investment vehicle, called division fund. asian stocks are trading a little bit lower on this tuesday session, largely dragged down by japan. the fed officials reigniting the debate. from the fed speaker charles evans and neel kashkari on opposing views. the focus will be leading up to janet yellen speaking at the end of the week. with me now is the head of investment for asia-pacific at black rock, the world's largest asset manager. what are you guys pricing and in terms of what you expect the fed to do? from,here any surprises in particular charlie evans, who is usually a little more dovish? >> we weren't surprised. last week, by the time we got the announcements would come, it was priced into the markets. as we look at what's happening with central link policy, last year markets were surprised. seen two risesve with li

softbank is said to invest $300 million in a new york-based giant.ding to a person familiar with the matter, the investment is the first in what will probably be a much larger stake. with the new money, the valuation increases to about $18 billion, according to an estimate buy a private stock market investor. about the pace of fed rate rises continues with chicago president charles evans seeing up to three more hikes this year. however his minneapolis colleague says there is no need to rush. he says there is no imminent high inflation stress, which means the central bank can afford to be patient. he was the sole dissenter when the fomc raised rates last week. >> i look at us as are peter the same mistakes over and over again, because implicitly, i think we are behaving as though 2% is a ceiling rather than a target. i hoping to remind my colleagues, let's take a step back, not repeat the same errors. with the data really calls for it, then we should remove accommodations. juliette: omega advisors founder leo cooperman faces a lawsuit brought by the f

it is not clear if the money comes from softbank or from its vision fund.ave halted production thousands leave their homes as a bears down ony queensland. it is expected to be the most powerful system to hit australia since 2011. pastross the coast in the hour as a category four storm with the risk of significant structural damage. confirmrean prosecutors they requested an arrest warrant for the former korean president saying it is reasonable to detain her because her is a risk she will destroy evidence. park is accused of forcing big business to pay millions of dollars for government favors she denies the charge. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. >> stocks in sydney rising over looking to retest the year to date high. japanese stocks also gaining elsewhere tie when he stocks on the decline. taiwanese stocks on the decline. markets are fairly home today. calm today. bonds and commodities are stable with chinese iron ore futures barely budging. a check on hong kong ahe

softbank scrapping a $100 $9 investment in an iphone rival. the company dropped the investment in a start phone started traded by the founder of google's android software in part because the softbank's relationship with apple. california's wet winter points to some sorry looking salads. record rate in california threatening crops including leafy greens, strawberries and almonds, leading to shortages and higher prices. lauren: prices are already high. a busy week in washington. what is the white house tragedy for getting a health care reform, supreme court nominations in tax cuts done. we will talk to republican strategists about the timeline. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. legal help is here. bp developed new, industry-leading software to monitor drilling operations in real-time, so our engineers can solve problems with the most precise data at their finger

softbank bought arm, the uk's most valuable tech company for 32 billion last year.he financial times reports it will place 25% of the company into that fund. the move comes as abu dhabi is near a deal to commit $15 billion to the softbank fund. >> the only thing against it is that it is headquartered in cambridge. >> oh. you don't approve of that? >> not really. they move to oxford, fantastic. >>> a report commissioned by the u.s. government alleges caterpillar used tax and accounting fraud to prop up its stock price. the report determined that the company used complex measures to return billions of dollars to the u.s. without paying taxes. authorities raided three cat offices last week. caterpillar's new ceo commented on the matter yesterday. >> we were surprised by the actions of last week because, in fact, we have been cooperating with authorities. and we are cooperating. we look forward to a resolution of these matters. we've caterpillar. we've been in business for almost 100 years. we're an honorable company, we live by a code of conduct, core values if somethi

softbank and t mobile, the markets wonder if they'll consolidate.oftbank's ceo meets with donald trump, a few weeks later he starts talking about sprint and t-mobile giving up his majority stake to t-mobile. the other big deal we talk about at&t, we know rupert murdoch is close to donald trump. there's a connection to donald trump's daughter. he's against consolidation in the market because it would impa impact -- how do you look independent to the industry on big decisions like this? >> welcome to europe. >> yes. yes. thank you. >> now it's getting interesting. >> it's wonderful to be in barcelona. these are political and business issues that as we say in the united states are above my pay grade. my role is not to read the headlines and try to make a determination based on who said what and in what forum. it is the very limited role of looking at the papers that haar in front of me and rendering decisions based on the facts and law. i take my role seriously defending the public interest, not the particular private interests of any company or person

softbank was planning to take a stake in the firm called essential products which was founded by thereator of google's android software it scrapped the plans because of its close relationship with apple. >>> some stocks to watch today. ppg is reportingly preparing a takesover bibid for akzo nobel. >>> alibaba acquiring ticket platform damai. >>> toshiba's westinghouse electric is taking offers for a financing package to help it go through u.s. bankruptcy. but reuters says the move is in preparation as no decision has been made on bankruptcy filing. >>> few others here. shares of apple hitting a record intraday high following a bullish piece on the company in barron's and reports about the prospects of new ipads being released as early as this week. the best performing dow stock of 2017. >>> hyundai shares hitting their highest level in 22 months. this on speculation that the parent group may reorganize its structure. and alcoa announcing details of secondary offering. the company will not receive any of the proceeds. >>> the ceo of target getting political opening up about his though

softbank announced the deal after the new york stock exchange closed on february 14th.he scc alleges that the investors obtained information about the acquisition before it was made public, bought fortress shares and later sold them at higher prices. they plan to demand to return the profits and pay fines. >>> the head of taiwan's precision industry for hon hai says he's very interested in buying a majority stake in a semiconductor business that toshiba will spinoff. >> yes. i'm sure yous. >> you're serious? >> very serious. >> more than $20 billion? >> i don't know the details. this is not disclosure in this moment, but we are very serious. >> the business has great potential for growth given the energy efficiency of flash memory chips. he said the devices can be used in new technologies, including 8k ultra high-definition tvs. it took over japan sharp last year. toshiba's proceeds will cover huge losses from its nuclear power business in the united states. filipino president rodrigo duterte since taking office. nhk's world has more. >> reporter: environmentally friend

he's with softbank, he's the guy at softbank and weighing several major possible deals for sprint. is-- tell me more about that. >> softbank owns sprint, maybe a hookup with t-mobile or comcast, he's saying more, wow, the u.s. is behind on broadband and it's behind denmark and latvia and south korea in terms of broadband speed. you probably noticed it when you binge watched "the crown", he wants to bring the digital download speeds up, increase it. stuart: there he is with, i think it's president-elect trump at the time back in december last year. at that point he pledged 50 billion. what's he got, how has he got? >> 50 billion and this is $100 fund he has, he's pledging. i think what he's betting on. he's betting on two things as liz said, the infrastructure spending on the infrastructure and also betting on deregulation. if he gets deregulation, he could merge the companies somehow. stuart: we're not dealing with sprint stock, that's not what we're dealing with. what we're dealing with is a vote of confidence in trump's ability to grow the economy, right, brian? >> i'm going to g

arm server is owned by japan's softbank. more headaches for symptom.o documents by achilles, since on smart tvs could be used to spy on their users. samsung smarthat tvs have a microphone. they are looking into the matter. companywas not the only name. apple and google also got a mention, but the south korean tech giant has already had other recent debacles. tokyo, peterom alstom. damaging are the wiki leaks reports? devices were many mentioned from apple phones to theoid phones, but this is last thing samsung needs now. they are trying to get back on track after the troubles with the note 7 phone. they are poised to introduce the next smart phone. the wikileaks document shows the is a program called weeping angel that could monitor what was going on in the room. not a good thing for them. meanwhile, jay y. lee going to court again. explain to us how much the investigation seems to have broadened out? these will be the preliminary hearings for the trial. it is not clear whether jay y. lee himself will appear or if the attorneys will appear in way out t

softbank was planning to take a stake in the firm called essential products which was founded by ther of google's android software it scrapped the plans because of its close relationship with apple. >>> koc congressional republica recrafting their healthcare plan in hopes of a vote this week. joining us now is governor evan bayh. >> thank you. >> governor senator. >> in a lot of ways this is described as being further to the right, conservative so the house can get the votes there. but it does a lot of things, raising what would be tax credits for older americans. it would be way too expensive for older people to be on this. what do you think of what has been added to this? how will that play in the senate? >> i think they'll make it a little more conservative to get it out of the house to satisfy the freedom caucus it will come over to the senate, they'll have to make it more moderate to satisfy republican members whose states expanded medicaid and are worrying about millions of people losing healthcare coverage if that adjustment is not made the the ultimate irony is that it may co

. ♪ >> softbank is planning to sell holdings to the vision fund it is creating with partners.s have expressed interest in including the chipmaker in their portfolio. they will get about $8 billion from the shares and it is separate from the 25 ilion dollars the company has all but it contributed to the fund. microsoft uses chips for their cloud service and this could challenge intel's place in the market. the software giant plans to use arm server chips to be discussed at its summit today in california. more headaches for samsung. according to documents released by wikileaks, smart tvs could be used to spy on their users. the claim is that samsung smart tvs have a microphone. i can pick up and track information while it appears to be switched off. is aware of the wikileaks report and is looking into the matter. samsung was not the only company name. apple and google also got a mention, but the south korean tech giant has already had other recent debacles. most recently the de facto lead ready to stand trial for charges of bribery and embezzlement. joining us from tokyo, peter

chinese ride handling app may a 6 billion dollar investment from softbank.to balance the interest of existing investors including apple, alibaba. may join thecent investment to protect their stakes. it is not clear if all of the money will come from tencent. the millions of overheating galaxy smartphones recalled last year. samsung will recycle the allowals and potential he customers to use them as refurbished models. samsung has collected 97% of the devices and has issued software that blocks any that have not been collected from charging. uishan has spoken for the first time saying the plunge on friday was unusual. with theors were met day before the crash. also said it has been late in making some bank payments and the shares will remain suspended in hong kong. president trump is being urged to bring up beef exports when he meets the chinese leader for the first time. the cattlemen beef association wants him to persuade the chinese leader to resume imports from the u.s. china has not allowed american beef into the country since 2003. beijing lifted the ba

since my election, ford, fiat chrysler, general motors, sprint, softbank, lockheed, intel, walmart and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [ applause ] the stock market has gained almost $3 trillion in value since the election on november 8. a record. we've saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic -- and it is a fantastic -- new f-35 jet fighter and we'll be saving billions more on contracts all across our government. we have placed a hiring freeze on non-military and non-essential federal workers. we have begun to drain the swamp of government corruption by imposing a [ laughterlaug -- ban on lobbyi by executive officials and a lifetime ban -- [ applause ] thank you. and a lifetime ban on becoming lobbyists for a foreign government. we have undertaken a historic effort to massively reduce job-crushing regulations creating a deregulation task force inside of every government agency. [ applause ] and we're imposing a ne

since my election, ford, fiat chrysler, general motors, sprint, softbank, lockheed, intel, wal-mart, and others have announced they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [applause] pres. trump: the stock market has gained almost $3 trillion in value since the election on november 8, a record. we have saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic -- and it is a fantastic -- new, f-35 jet fighter, and we will be saving billions more on contracts all across our government. we have placed a hiring freeze on nonmilitary and nonessential federal workers. we have begun to drain the swamp of government corruption by imposing a five-year ban on lobbying by executive branch officials, and a lifetime ban -- [applause] pres. trump: thank you. -- and a lifetime ban on becoming a lobbyist for a foreign government. we have undertaken a historic effort to massively reduce job crushing regulations, creating a deregulation task force inside of every government agency. [applause

katie, samsung, softbank, the list goes on, amazing, all of a sudden then world manufacturers are listeningresident trump and coming here. >> because after obama, it is so much more welcoming now in terms of taxes and trade regulation, it seem so good for the economy, so much more inviting to businesses than the last 8 years, they are like, heck yeah, we'll get on the ship while we can. charles: my last guest owns a construct company, they have to make major massive investments, believing in something. they believe in the construction industry that president trump will live up to his promises. it is obvious that samsung and the rest believe. >> and dapple on his comments on steel, saying things that people believe, he is not a billionaire for nothing, they see that and trust him to make the right calls. they would not be doing these things if they didn't think he would come through on his promises. charles: ford, some cynics say, you know samsung has issues. a public relations ploy. $300 million, i will take that public relations ploy. >> if you told me a year ago that a south korea mega-gi

softbank reported to scrap the plan to invest $100 million in smartphone audits and potential productstreet journal said the deal was complicated because of the increasingly close relationship between the softbank ceo and apple. apple is a rival of the product and has agreed to invest $1 billion in the check investment vehicle vision fund. in and striking copper miners in chile have held their first talks in a month. a union leader said -- sent an invitation to meet and they would only discuss three points, maintaining benefits, keeping current working hours, and not differentiating between existing and new workers. the two sides moved closer last week when bhp improved its payoff. india's largest e-commerce company is said to have raised $1 billion in new funds. the money wass raised to fight rising competition, an operation that values the company at $10 billion. backers of the funding are said to include microsoft and tencent, and it looks like right now the former president has just left in the car right now. she's in one of these black cars and she is leaving for the prosecutor's

of over 1% there led by softbank.lmost 4.5ning percent after the japanese health ministry recognized its product. that is something i am sure we are interested in. coming back online after a market holiday, that is falling about .5%. manyhipmaker is hiring as as 2000 people this year according to economic dailies. haidi: love a good stock upgrade. look at the markets as we are setting up for this big speech coming through from the u.s. president heard let's look at the first word news. string of had a positive data in the past few hours. china showing worse steins -- mark steyn -- more signs of stability. a ray of light soon in japan, where business investment shows a modest pickup through december and south korea enjoys storming trade figures. exports rose 20% while trade balance is more than doubled. the indictment of simpson's de facto leader is saying the groups facility -- ability to make decisions that policy and acquisitions. they are accused of sending millions of dollars to a confidant of the president. the i

. >> since my election, ford, fiat chrysler, general motor, sprint, softbank, intel, walmart and manythers have announced they've invested billions and billions of dollars in the united states and will create tens of thousands of new american jobs. >> as some of these executives have credited the president for his pro-business stance on tax reform and deregulation. that's one of the reasons so many of these stocks are r rallying here. some of these cases the jobs were part of a preannounced plans. intel with $7 billion in an arizona factory creating 8,000 jobs but iel announced that back in 2011 with president obama actually on hand there for the photo op. a strong demand for trump policies is the reason it's reinvesting now. chrysler ceo said he wishes he could give trump credit but those plan were in place. the ford cites the pro business environment but says it did not cut a specific deal. with president trump. other companies like carrier did cut deals with the president and he deserves credit for creating an environment, they say, where companies want to promote their u.s. workfo

was before the announcements you were merging with intel sat view with the money coming in from softbankyou give us an update on how that is going? >> there is so much going on and so many people talking, i could not give you that. there are many emails flying around at activity. but it will be exciting. we are looking forward to the eventual outcome. caroline: thank you so much, greg wyler. please keep us updated. is the founder and executive chairman of oneweb. fast food giants have placed big that's on technology with the aims of getting a competitive edge with well-known and upstart restaurants getting in on the action, we have more on this story. >> the automation wave has arrived and has whetted the appetite of your lunchtime favorites. mcdonald's is the latest fast food company to take advantage. the burger chain has begun testing mobile ordering and payment in select cities. it says all of the 14,000 national restaurants will be equipped to handle mobile preorders later this year. the creator of the big mac is a bit late to the party. other chains have already adopted this kind o

made market traders have the $.5 million in illegal profits by investing in shares ahead of softbank announcements. traders are believed to be outside the u.s. on orderays they want to freeze the traders'assets. global news. 24 hours a day. powered by more than 2600 journalists and analysts in more than 120 countries. you are watching bloomberg. let's get a check on the markets. and the topics also gaining ground. this is bloomberg. ♪ caroline: this is "bloomberg technology." coming up, snap expected to price at $17 a share, but is the devil in the details? we will break down the pricing of the biggest social media listing since twitter. talking of twitter, the social media company recruits machines in its fight against abusive behavior. we will explain. and toshiba offers its memory chip business to the highest bidder, foxconn emerges as a front runner. why the taiwanese companies billionaire founder covets the technology. first, to our lead. i am in new york, where snap is set to price shares of its ipo at $17 each. that price is $24 billion on a diluted basis. the parent company o

. >> since my election, ford, fiat advicely, general motors, sprint, softbank, lougheed, intel, walmartve announced they'll invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. >> no question. ceos have credited trump for pro business policies. he promises to cut their tax bills. he promises to kill regulations. but in many cases the jobs he takes credit for were part of previously announced plans. what's new here, companies are going out of their way to promote the jobs being created here. "cnn money" has a running tally, wolf. you can check out all of the claims and facts, wolf. >> wonderful fact-check. my next guest stephen moore. he's also a former senior economic adviser on the trump campaign, a distinguished visiting fellow of the heritage foundation here in washington. you can't dispute anything she just reported. >> i'm going to take ir. a couple of things. it is true there are 94 million americans above the age of 18 out of the work force and it is true it's a record. >> most of those people are retired or they're

elsewhere a story we broke a few weeks back being confirmed by "the wall street journal" softbank investinge sharing company we work. the company has become the go-to host. the journal notes that investment will grow to $3 billion my source says we could go above $3 billion but softbank finally investing. i was starting to sweat it a bit. >> stocks on pace for their worst day of the year right now. dow down about 187 points, we'll talk to bane capital about the markets and his investment in the new ipo canada goose and basketball, one of the owners of the celtics. that's after a short break. i'm only in 0's. i've got a nice long life ahead. i'big plans.0's. sohen i found out mecare doesn pay all my medical expense si looked at my options. then i got a medicar supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only cove about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, sured by unitedhealthcare insurance company. likeit helps pick up someicare of whamedicare doe

. >> since my election, ford, fiat chrysler, general motors, sprint, softbank, lockheed, intel, walmartl invest billions and billions of dollars in the united states. and will create tens of thousands of new american jobs. >> all right. executives have credited president trump for his pro business stance on tax reform and deregulation. but in many cases, the jobs the president is promoting here were part of previously announced job plans. let me give you an example. in february, intel's ceo visited the white house announcing it would invest $7 billion in an arizona factory creating 10,000 jobs. turns out intel announced that initialing factory plan in 2011 with president obama on hand for the photo op. the company with the reason why it's reinvesting now. fiat chrysler is creating jobs in michigan. the ceo says he wishes he could gi trumpcredit. but that ceo sai the plans were in place well before the election. ford is cancelling plans to builds a plant in mexico. it's investing in electric and self-driving cars in the u.s. ford citing the pro business environment that says they did not

the transaction is separate from the 25 billion dollars that softbank plans to contribute to vision fundbourg to write business in the european economic area and switzerland after brexit. the strategic move comes after u.k. announcement that it will leave the eu zynga market in 2019. aig currently writes business in europe from a single insurer based in the k -- in the u.k. it has already started cutting staff. still ahead, options insight. shares near an all-time high, $274. this is bloomberg. ♪ oliver: this is bloomberg markets. scarlet: time now for options insight with the julie hyman. julie: joining me today is scott bauer at trading advantage. as the market has been moving sideways, volatility has ticks up a little bit. -- has ticked up a little bit. but the volatility is still suppressed. what is the event or the catalyst that is going to make it to back up -- make it tick bak uck up? scott: we seeing tweets coming out of the white house and oil plunging today. i don't know what it is at this point. based on this sideways movement that we have seen since the big rally last week an

since my election, ford, fiat chrysler, general motors, sprint, softbank, lockheed, intel, walmart, and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. ( applause ) thank you. the stock market has gained almost $3 trillion in value since the election on november 8, a record. we've saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic-- and it is a fantastic-- new f-35 jet fighter, and we'll be saving billions more on contracts all across our government. we have place aid hiring freeze on non-military and non-essential federal workers. we have begun to drain the swamp of government corruption by nmposing a five-year ban on lobbying by executive branch officials. ( applause ) and a lifetime ban-- thank you. thank you. and a lifetime ban on becoming lobbyists for a foreign government. we have undertaken a historic effort to massively reduce job-crushing regulations, creating a deregulation task force inside of every government agency. ( applause )

since my election, ford, fiat-chrysler, general motors, sprint, softbank, lockheed, intel, walmart, and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. . [ cheers and applause ] . the stock market has gained almost $3 trillion in value since the election on november 8th, a record. we've saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic, and it is a fantastic, new f-35 jet fighter. and we'll be saving billions more on contracts all across our government. we have placed a hiring freeze on nonmilitary and nonessential federal workers. we have begun to drain the swamp of government corruption by imposing a five-year ban on lobbying by executive branch officials, and a lifetime ban --. . [ applause ] . thank you. and a lifetime ban on becoming lobbyists for a foreign government. we have undertaken an historic effort to massively reduce job-crushing regulations, creating a deregulation task force inside of every government agency. . [ applause ]

since my election, ford, general motors, sprint, softbank, intel, walmart, and many others have announced they would invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. [applause] president trump: the stock market has gained almost $3 trillion in value since the election on november 8, a record. we have saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic, and it is a fantastic .ew f-35 jet fighter in and we will be saving millions more on contracts all across our government. we have placed a hiring freeze on nonmilitary and nonessential federal workers. we have begun to drain the swamp of government corruption by imposing a five-year began on lobbying by executive branch officials and a lifetime ban -- [applause] host: the president's speech session ofint congress. republican line, what did you here tonight? caller: i have been on hold for a while but that is all right. it is great to live in a country that is free and we have to fight for our freedom everyday. we should not take it for gr

they were bought by softbank and they promised to create jobs in the u.k.that change anything? of course we cross back to paris for the latest on this presidential election as francois fillon, there's been quite a lot emerging on his wife , according to mediapart. this is bloomberg. ♪ francine: the odds of the u.s. rate hike 4 after coming from two officials. janet yellen speaks on friday. making america weight again. his first big in speech to congress but he gives little in the way of details. pres. trump: we will be asking congress to approve legislation that them -- that gives infrastructure to the united states. creating millions of new jobs. and in france, the wife of a french presidential candidate is reportedly in custody. searches are ongoing. this is "bloomberg surveillance." i am in london. tom keene is in new york. there is a lot going on. treasuries, two year bond yields. trump and also the french presidential candidate. tom: the follow-up in the presidential speech -- we have good guests on that. i am fascinated about the drama in france. give

since my election, ford, fiat chrysler, general motors, sprint, softbank, intel, walmart and many othersthat they will invest billions and billions of dollars in the united states and will create tens of thousands of new americanjobs. will create tens of thousands of new american jobs. applause the stock market has gained almost $3 trillion in value since the election on november the eighth, a record. we've saved taxpayers hundreds of millions of dollars by bringing down the price of fantastic, and it is a fantastic, new f 35jet the price of fantastic, and it is a fantastic, new f 35 jet fighter the price of fantastic, and it is a fantastic, new f 35jet fighter and we'll be saving billions more on contracts all across our government. we've placed a hiring freeze on non—military and non— essential federal workers. we have begun to drain the swamp of government corruption by imposing a five—year ban on lobbying by executive branch officials and a lifetime ban... applause thank you. and a lifetime ban on becoming lobbyists for a foreign government. we have undertaken an historic effort to m

bum-pa-dum, bum-bum-bum-bum ♪ >>> since my election, ford, fiat-chrysler, general motors, sprint, softbankintel, walmart and many others have announced that they will invest billions and billions of dollars in the united states and will create tens of thousands of new american jobs. >> anyway, welcome back to "hardball." that was president trump last night bragging taking credit for the creations of tens of thousands of jobs already. the "associated press" fact check team reports, "it's unlikely trump is the sole or primary reason for the expected hiring he cited last night. many of the announcement, actually announcements, reflect corporate decision that predate," catch that word," his election." it's one of many examples last night of the joint session of congress that fact checkers claim was inaccurate or an exaggeration. "washington post" chief fact checker glen kessler writing "p trump's address to congress was filled with numerous inaccuracies." hd roundtable, catherine, opinion writer with the "washington post," nick cofessore, political writer for "the new york times." sabrina, pol

since my election, ford, fee quote, chrysler, general motors, sprint, softbank, lockheed, intel and many others have announced they will invest billions of dollars in the united states and will create tens of thousands of american john roberts. end of quote. many of the announcements, the associated press reported, reflect corporate decisions that predate trump's presidential election, making it unlikely his administration is the sole or even the primary reason for the expected hiring. in the case of intel, construction of a chandler, arizona, factory referred to by trump actually began during barack obama's presidency. the project was delayed by insufficient demand for their computer chips. the company now expects to finish the factory within four years because of anticipated business growth. another statement made by president trump last night in his speech. we will stop the drugs from pouring into our country and poisoning our youth, and we will expand treatment for those who have become so badly addicted. end of quote. the facts: addicts and mentally ill people who gained access to t

softbank potentially digging into the war chest again.be looking to invest up to $1.5 billion in a combined snap deal and put heart entity. honda saying it will invest in an alabama plant with the initial phase of the project to be completed by 2018. these are some of the stocks we are looking out for at the opening and japan. we have the china southern airlines story of course. this is some of what we are anticipating here. againrse we have seemed inching towards the 110 mark. we are expecting the nikkei opening higher above the 19,000 level. what is going on in korea. we are getting reports that north korea yvonne: a question of confidence in china. big problems ahead. betty: we heard from chicago said charlie evans saying that uncertainty may mean only choice this year. bracing for cyclone debbie. thousands of activating and mining operations on hold. betty: bankruptcy looms for toshiba's u.s. unit, westinghouse. facing chapter 11 bankruptcy on tuesday. yvonne: this is the second hour of "daybreak asia." i am yvonne in hong kong, just