huh huh huh. >> i joseph. >> i joseph. >> take you sophie. >> take you sophie -- >> they were recorded by deejay diplo. >> with this ring, i thee wed. >> only we have the exclusive photos with the groomsmen nick and kevin and the elvis impersonator who jesse grice. was this preplanned? when did you know? >> i knew five minutes before the wedding ceremony. i didn't know who. they blocked off the chapel from 8:00 to 12:00. >> you see them, what goes through your mind? >> he's the guy who sings the ocean. >> after exchanging ring pops the newlyweds kept the party going. check out the couples' wedding certificate signed by the reverend himself. >> elvis got marry in the las vegas 52 years ago on may 1st, and this entire wedding only cost $600. plus a hefty tip for reverend elvis. >> they took care of you afterwards, didn't they? >> they were all right. yeah, i went straight to the casino. >> here's the best part -- there's a more formal wedding wn the plans for later this year, and that's going to take place in paris. for those i dos, sophie's including her bestie. >> macy told me she's pl

sophie: it has a growing fight to prove it.awyers say there wenew claims made against bayer last month alone. phie long, bbc news, san francisco. laura: in other news from around the world, saudi arabia says two oil pumping stations have been attacked by drones car.ing explosiv rebels in yemen say they carried out the attacks, a day after two oil tankers were sabotaged off the coast of the united arab emirates. the montana governor is the latest to jump into the 2020 atic presidential race. he is touting his ability to work witrepublicans and omising to make campaign-finance reform a key issue. the democrat joined ama p field of nearly two dozen candidates. whatsappging service is on the defensive after s installed surveillance software on phones. the company has urged its 1.5bi ion users around the globe to update their response. the attack is more troubling because whatsapp messages are encrypted and therefore meant to be secure. our technology correspondent reports. correspondent: it promises tot security and 1.5 billion wha

sophie long, bbc news, san diego. for more on this move and what the response may be, i icane with the former m ambassador to the u.s. what impact is all this having on u.s.-mexican relations? >>ly it is certa the proverbial wrench in the works. first of all, if the tariffs stand, and especially if they escalate to the 25% maximum the president has threatened to apply on mexican exports, it will have a huge economic impact on both countries. people forget that as a result the trade war -- the u. trade war with china, mexico in the first quarter of 2019 has now displaced china and is the first trading partner of the united states. we trade $1.6 billion a day of goods in both directions every single day. willit is not just wha happen with the price of avocados and mexican beer. it is everything from machinery to medical equipment tona aeical components to autos. one of the things that has i happenedthese 20 years of nafta is our production platforms and supply chains have tcome integrated. what that means t out of every

sophie: what makes you so confident?> part of it -- this is something the public does not really get to e very often. when you look at the regulatory system, what questions do regulators ask? these are people whose job it is to protect human health. the kinds of questio they ask, the kind of day-to-day igquire. when you see the that goes into s thodies and you see the vast amount of information available in the scientific literature, it is very consistent that glyphosate herbicides do not cause cancer. we are 100% confident.ph : it has a growing fight to prove it. lawyers say there were 1000 new claims made against bayer last month alone. sophie long, bbc news, san francisco. in other news from arou the world, saudi arabiampays two oil g stations have been attacked by drones carrying explosives. rebels in yemen say they carried out the attacks, a day after two oil tankers were sabotaged off the coast of the united arab emirates. the montangovernor is the latest to jump into the 2020 democratic presidential race. he is to

sophie: i'm sophie kamaruddin and hong kong.k: asia." >> [speaking a foreign language] paul: our top stories this s stance to find. he spoke -- we will speak exclusively to him. >> i will ignore trump. then who can he negotiate with? if he calls me i may not answer he does not even have my number. paul: eu voters elected new parliament in the shadow of brexit. euro skeptics pulled strongly in england, italy, and france. trump toxic trade in tokyo after a weekend of golf and sumo wrestling on but admits there will be no deal on this visit. -- the brexit party will win 29 seats in britain. the liberal democrats will win the 16 seats in the eu elections. the latest -- the labour party will win 10 p the green party will win seven pair the ruling conservatives will only win four seats in the eu elections. one seat in the eu elections. clearly as we can see, the brexit party winning 29 seats, please elections showing the success for nigel virage's brexit party. he made recent comments an hour or so ago talking about the brexit party w

sophie pascoe.of the berlin airlift. after world war 2, moscow used its control of east germany to cut off all access by land and water to western parts of the city. allied forces managed to provide supplies to berlin by air for nearly a year. among the guests of honour was 98—year—old gail halvorsen — known as the "candy bomber" because he flew planes that dropped supplies including sweets into berlin. he addressed the gathering. the weather was not at this good during the end of most of the time, but it's during the end of most of the time, but its and honour, a special honour to be here for those who gave their lives for the freedom of berlin. the germans, americans, frenchmen, englishmen, we are grateful to be here. god bless you. iam grateful to be here. god bless you. i am honoured to be a sign of berlin. thank you. you have been watching newsday. i'm ben bland in london. and i'm sharanjit leyl in singapore. stay with us. the tit for tat on tariffs continues. we'll get the latest on the trade

sophie, what are you saying? sophie: that is one way to describe it.ing with more than 1%. this is near a six-week high. on-site risk for japanese traders over the holiday. watching for the first time here on sale. when we take a look at what is going on in korea, the kospi is under pressure as well. the korean won remains under pressure, continuing to falter against the dollar. this as the finance minister are economic downside risks rising. in sydney, checking on how stocks are faring there. off .2%. the aussie is lex waiting in the wake of the rba, keeping steady bonds and the higher tracking gains in treasury. , rate cut would put pressure on the kiwi dollar while bonds may have limited upside, even as easing takes place. already below that break. asia. across the board in paul: thank you very much for that. let's get to first word news with jessica summers. jessica: president trump's businesses lost more than a billion dollars between 1985 and 1994. the newspaper cites printouts of transcripts of his federal tax forms. it says he lost so much mone

sophie: i'm sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: tension rises as washington confirms new trade tariffs this week. china has reneged on some of its commitments, say the u.s. behind the smiles, big differences remain. china says they will not rewrite laws. increasingly really -- worried about corporate debt. lending standards are slipping. a big guestve coming up on daybreak asia. the dallas fed president robert capron -- robert kaplan will be with us in about an hour. let's get a quick check of the u.s. markets. futures falling 6/10 of 1% after we heard from ambassador lighthizer confirming that tariffs will go off on chinese goods on friday. secretary mnuchin also said the direction of the trade talks will return over the weekend. in the regular session we saw the s&p 500 falling as much as 1.6%. it closed down .5%, reversing some losses. but the biggest hit sectors with those affected by trade like tech companies that have exposure to china, not to mention machinery companies as well. the nasdaq was down .5% and the dow fell

sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this friday, president trump turns up the trade war heat. he says while he is dangerous and may have to be included in any talks with china. to fall ass are set investors seek safety. the yen strengthens. yields dropped to their lowest since 2017. india shifts further to the right as narendra modi celebrates a dramatic victory. he must fix the slowing economy and the looming jobs crisis. kathleen: after a quick reminder of how u.s. stocks ended the session, you can call it a couple where me. the trade war continues to escalate, affecting tech investors. preliminary members. small-cap stocks getting clobbered. you can see the damage that was done at the top of the board. dow jones industrials moving 1.1%. s&p a little bit worse. 1.2%. 20.22, the level there. the nasdaq martek heavy, losing 1.6%. green atttle sign of the bottom of your screen. it will be interesting to the s&p active futures -- see the s&p active futures. will they take a look at the damage done to

sophie is in hong kong.g for reaction in singapore to the imf cutting the 2019 gps growth forecast to 2.2 percent, given the exposure to risk. we have had a bunch of earnings from singapore already. class we will be watching for reaction to you ovi sharing plans to boost revenue outside singapore to around 50% of total income by 2021. battery players announcing plans to build two plants in china to produce a total of 200,000 vehicles. last month a china top producer signed a 10 year supply deal with vw. watch chinese telecom shares amid mounting volatility with the market pricing earnings risks. speculation it may sell its 60% stake in a real estate project in shanghai. could be value $3 billion, one of the biggest deals on the mainland. hutchison also interview after reports allege the company may be concealing $7.4 billion of debt. that is a snapshot of what to watch at the open in china. our markets coverage continues with bloomberg markets: china open. this is bloomberg. ♪ at comcast, we didn't build the

sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this friday, asian stocks face another mixed day as investors await april's payroll numbers. all you will be light with japan and 10 on a break. -- china on a break. despite encouraging noises from the u.s. and china, the trade talks have had a problem. we are live in beijing. taylor: i want a quick reminder on how the u.s. stocks ended in a mixed session. we are having to reset from where we were after getting some comments yesterday from jerome powell. markets have been pricing in that the next thing we would see is a cut. that may not get the case. -- either the case. we could get a hike. out in thet play bond market with your getting a lift as we are pricing in if we hike.get a futures looking unchanged to slightly positive as well as we are coming into the end of the u.s. earnings season and things are starting to look a little bit better than expected, but of course, all eyes will be on so that's jobs report, is keeping us in limbo. a look at how things are

well, part of the answer lies in sophie raworth‘s missing studio introduction. bbc news told us...rent on—screen this week. sunday's andrew marr show didn't go on air planned at 9am because of a malfunction in the studio shortly beforehand. while standard presenter mishal husain and the programme team hotfooted it to another studio, bbc one ran ten minutes or so of the news channel instead. but when the programme did start, chris mason — reading the new summary in salford, but reliant on scripts written in london — was left with no autocue, no hard copies and — after memorising the first item — nothing to say. and i'm afraid, mishal, i'm not seeing any more of this news bulletin. and i'll have to hand back to you. chris, thank you very much indeed. we do have a few technical problems this morning, so apologies for that. chris merriman thought he detected too many issues like that of late, wondering... those involved in sunday's show also took to twitter, with chris mason explaining... mishal husain added... and andrew marr himself had this to say... thank you for all your comments

starting with the queen of the north, sophie turner. >> she never wanted that iron throne.he never wanted to rule over that many people. >> one word -- disrespectful. that's what she's calling the 1.4 million haters asking for a season finale re-do. >> watching the finish of "game of thrones" was most satisfying ending. >> sophie hasn't seen the final episode since she's promoting her new x-men movie. she posted th eed this from the. worked tirelessly over 10 years, 11 months shooting the last season. like 50-something night sessions. kit harrington saying, critics can go bleep themselves. while there have been haters, walter bottle and coffee cup, we do love this. we like the easter eggs. as for emilia clarke, she really wishes she stole something from the set. >> really annoyed. everyone else is like, we took stuff. >> i hope she took at will of things. of course, she's a part of tv history. >>> tonight, we say good-bye to the boys at least for season 16. what does that mean for newest coach john legend. maybe he can focus on daughter luna's comedy career. >> luna on "snl

sophie.ank shares could extend declines after uber's dismal trading debut in which it lost a 13% stake. softbank shares had their worst day in more than four months. stores,ching duty-free reporting the korean customs service will raise the limits of up to $1000 from $600. the finance ministry is not reporting this. in sydney cba is in view. it was dented by an additional remediation charge indicating the lingering earnings risk could weigh on aussie banking shares after what would be a short look back from april by 5.5%. thanks very much. let's stick with commonwealth bank and bring in the asia investing editor. some more provisions there for cba. what is that about? fusion, $700rge million. this is a mind advice. whoe are financial advisors are not employed directly by the bank but operate under its financial services license and it is in use of a troubled area for the banks where they have gone through their own organizations but now they are looking at advisors who work outside of the ban

sophie is 23.nd the right person. congratulations to them. we wish them the best. >> we do, yeah. thank you. >> that was great. >>> the celebrations continue because it is still royal baby watch if you haven't heard. >> that can only mean one thing, amy is still on vacation. >> as we wait for news from prince harry and duchess meghan. the royal family is celebrating another birth. it's princess charlotte's birthday. if you're there long enough you'll get birthdays for the whole family. >> how is your vacation? >> reporter: i mean, this is just so exciting. birthday cake for everyone, guys, and i have to tell you. things just got a little chietichie exciting here in windsor because the town crier showed up with an announcement. take a listen. [ bells chime ] >> oh yeah, oh, yeah, a royal baby is on the way. god save the queen. >> reporter: so not the announcement we were hoping for, and technically he's right because a royal baby is on the way. that is technically true. we just don't know when and w

sophie: i am sophie kamaruddin in singapore. welcome to "daybreak asia." paul: our top stories this friday, trade talks resume in washington with president trump saying a deal is still possible. closed with a fourth straight loss. the negotiations come with yet another potential hurdle as the u.s. banns china mobile. -- bans china mobile. the ipo values the company below its last private estimate. shery: let's get you started with a quick check up on how markets closed. the s&p 500 is now headed for its worst week this year. we sawtek and materials leading h andlients -- saw tec materials leading the declines. at one point, we have stocks really paring back the earlier losses as president trump came out with a more optimistic view of where the trade talks were headed. he said because potentially see a deal this week but that really was not enough. we have trade tensions, geopolitical tensions as well with iran. north korea firing missiles. investor sentiment pretty fragile at the moment. the yield curve in reverting at one point for the first time since ma

sophie. wen it comes are watching him stocks, i want to keep an eye on form of players -- watching stocks, i pharma keep an eye on players. regulators cantered the license for gene therapy -- canceled the license for gene their people. we are watching stocks exposed to the rare earth story. we get more signals from china that rare earth could be used in the trade war. paul. much fornk you very that. morgan stanley's china conference is getting underway in beijing with trade sure to be high on the agenda. morgan stanley is one bank latest out hope that the surge in protectionism will prove temporary. let's cross to tom mackenzie, which is at the conference with our next guest. tom. yes, it is morgan stanley's fifth annual conference in china, and as you say, we are pleased to be joined by the chief economist at global head of economics and we were talking about a century the view from the bank that we could be in a position where these protectionist noises we are hearing between the u.s. and c

sophie: and i'm sophie kamaruddin in hong kong. welcome to "daybreak: asia." ♪ paul: our top stories is thursday, japan and china remain closed. the rest of asia has a tough trading day as the fed pushes capitulation. it is being held back by transitory forces leaving policymakers with no bias toward a hike or cut. china renounces a further relaxation in the financial sector removing limits on bank ownership and scrapping size requirements. taylor: i want to get to breaking news we have on south korea. they're cpi is coming in better 6/10 of 1%ed, rising beating estimates of 4/10 of 1% and coming in ahead of where we were on a year-over-year basis relative to last month which was about 4/10 of 1%. asare getting an increase well of 4/10 of 1%, better than the average analyst survey which was looking for a number of about 3/10 of 1%, and that is a rebound of what was on the prior month when cpi month over month fell by 2/10 of 1%. again, i want to bring you the headline numbers, the core cpi year-over-year comes in better at 6/10 of

sophie, this is the third award, the biggest, i think, sophie, this is the third award, the biggest,is the third award, the biggest, i think, and the company faces thousands of similar lawsuits, doesn't it? it does, you are right, mike. this is the third case. we have just come from a press conference when we heard from the couple concern. this time around. they were clasping each other‘s hands on both walking with walking sticks. we were told by their lawyer that alberta had problems standing, alva clearly had problems gathering his thoughts and speaking, but they both said that they blamed monsanto for their cancer. they both suffer from non—hodgkin's lymphoma, and it has changed their lives, alberta said stop she said we can't do the things we used to do, and we are very resentful against monsanto for doing that. she said that had round—up, the product, be labelled properly, had they known it could cause cancer, they would have been given a choice and they could have chosen not to use it. they are of course not alone stop this was the third case found against bayer, who bought mon

sophie: i am sophie kamaruddin and hong kong. welcome to "daybreak asia." in hong kong. welcome to "daybreak asia." paul: our top stories this friday, asian stocks look set for modest gains after wall street got a rebound despite the treasury's rally rolling on. a 20% stake in crowne resorts. we are expecting some optimism in japan this hour. we will bring you the latest jobless and industrial production data. shery: let's get started in south korea. breaking members. industrial production yawn year contracting 0.1%. much smaller contraction than was expected. the estimate was for its a faulty .2%. it is also a more benign figures and the previous month, where it fell 2.8%. we are seeing it fall 1.6%. jump than was estimated. we have seen a south korean economy under a lot of pressure. five months of the clients when cameme -- declines when it to exports. gdp numbers have been soft. we're getting the bok rate decision this month. in the meantime, industrial production year on year falling less than expected. 0.1 and. contraction territory throughout the year. brightside.

sophie: i am sophie kamaruddin. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. president trump turns up the heat on china, threatening to impose more tariffs on imports as he is not happy with the pace of talks. the philippine central bank governor has plenty of room to ease. he also welcomed the upgrade from the s&p. or in the footsteps of his criticism of private equity firms, accusing some of dishonesty. we will have more from the meeting in omaha. looking at how markets close, looking at u.s. futures plunging more than a percent, 1.3% at the open. we had president trump tweeting we could see these tariffs on $200 billion from chinese goods being hike to 25% friday. that the u.s. china trade talks continue. 500 gained the most in a month, taking the surge to 18%. we have the nasdaq composite closing at a record high. we have amazon shares jumping the most as we heard from warren buffett that berkshire hathaway has been buying its shares. data that strong job gr

. >> we're with sophie turner from queen of the north to a dark phoenix rising. >> it's really exciting. >> plus -- our rocket man exclusive with sir elton john. >> my life has been a miracle. >> his near tragic life story on the big screen. how it's the complete opposite of bohemian rhapsody. >> late night getting a major dose of girl power. >> really frightening. >> and the feel good film taking family comedy to the next level. >> why am i doing this right now. >> this is "entertainment tonight." >> thanks so much for joining us on this memorial day and our summer movie preview and we have movies for everybody on the way. >> but let's get started with the most star-studded of all that is set whe set where else, upon a time right here in hollywood. >> it's official, old buddy. i'm a has been. >> reporter: brad and leo who premiered in cannes played best buddies, but we sensed tension between the characters. >> explain to the audience what it is a stunt double does. >> actors are required to do a lot of dangerous stuff. cliff here is meant to help carry the load. >> is that how you desc

sophie: i'm sophie kamaruddin in singapore. we are counting down to asia's major market open. ♪ stories wes the top are covering in the next hour. wall street falls by the most since march on renewed concern on the trade war. oil also drops and havens on the rise. will slide to washington, but retaliatory measures are being prepared against u.s. goods. the fed reaffirms patience. the policies in good shape and there is no need to move. shery: later in bloomberg googleogy global link, bets on a cheaper pixel smartphone. first, we get you started on how markets closed in the u.s. session. pressure on the stock markets as we have had investor sentiment pretty fragile on those trade tensions. the index down 1.8%. the s&p 500 down 1.7%. we saw a small recovery later in the session to close off, but still materials, industrials leading the declines. nasdaq down almost 2%. u.s. preachers under a little bit -- futures under a little bit of pressure at the moment. to vice premier comes here washington, d.c. later this week. let's see ho

sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major markets open. ♪ paul: here are the top stories we are covering in the next hour. tension rises as washington concerns. new trade tariffs. u.s. officials say china has reneged in some of its commitments. to beijing team says one law strike a deal. the fed is increasingly worried about corporate debt. lending standards are slipping. startedet's get you with a quick check of the markets close on the monday session in the u.s. we are seeing u.s. futures starting to trade. pressure down 7/10 of 1%. not surprising given that we have seen after the market closed, ambassador lighthizer came out and confirmed tariffs will rise on chinese goods on friday. secretary mnuchin also saying we have seen a big change in direction on the trade talks. a lot of pressure on futures at the moment. during the trading session, during the regular session, the s&p 500 managed to recover some of the earlier losses. the s&p 500 have fallen as much as 1.6%. it closed down .5%.

sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this thursday. fanning the flames, the u.s. debates that listing more chinese tech companies. beijing's slams what it calls an american -- american smear tactics. 500s fell. asian markets are expected to follow. powell's patient policy. the latest fed minutes indicate a wait and see attitude towards where rates might go next. shery: let's get you started with a quick check of how markets closed. we saw the s&p 500 fall .3%. news that the white house could potentially target more chinese tech firms really did not sit well with investors. we saw tech shares down not to mention that retailers also had an ugly day and low, disappointing numbers really hit the retailing index which fell to the lowest in more than a week. leading they shares declines. wti falling in this session as we had some unsurprising buildup in u.s. stockpiles. do -- have to digest the minutes from the may meeting, showing a preference for more patience on rate moves. not doinge is really much. l

well welcome to sophie and calm sophie shevardnadze if traits tensions weren't enough china's military after great is causing major concerns in washington so what are. the in the pacific and across the world. a director of security cooperation for the military office of china's national defense ministry. the temperature is rising in the pacific where american supremacy is being challenged by china's fleet as territorial disputes threaten to escalate into full confrontation off the chinese coast will the great drive was. there into an arms race parallel to the current trade war and regional militarization endangered decades of peace. and conflict between beijing and washington be avoided. scenario no as you go well come to the show it's really great to have you with us. so according to. seychelles spokesperson for the national people's congress china's growing military spending is necessary to ensure the country's security does this mean that china is facing security threats today and if so who or which country costs such a threat. sophie i said he's right china won't take any country a

sophie: i'm sophie kamaruddin in singapore. we're counting down to asia's major open. ♪ paul: here are the top stories we are covering in the next hour. trade talks resumed in washington with president trump saying the deal is still possible. even so, wall street closed with a fourth straight loss. of the bottom of the range. the ipo valuing the company below its last private estimate. -- to infinity and beyond almost. jeff bezos fires up the space race, making a case for a return to the moon. shery: the s&p 500 fell for a fourth consecutive session, now headed for its worst week of the year. we saw materials and tech stocks leading the declines. those are two sectors that are sensitive to trade. we had at one point stocks paring back some of the earlier declines as we heard more positive news out of the white house with president trump saying he is still expecting a deal this week, that he may be speaking on the phone with president xi jinping. of course, that was not enough upside from trade tensions. we also had geopolitical

me just quickly ask sophie richardson, why the discrepancy in number?his is a large discrepancy to say between one and 3 million uighurs are being held. why don't we know? >> we don't know because the chinese government is lyingng. for the first six months, groups like mine were documenting while the chinese government was denying these camps even existed. they then changed their tune and said they did exist but they were vocational training schools or boarding schools. we have argued hard that the only way to really ascertain the truth is for the chinese government to allow in independent international inspectors who can visit the facilities freely and talked to people without fear of reprisal to get a sense of just how many people are detained and to argue hard they should be immediately released. amy: i just want to let people low, people reading ababout thi, uighur -- i s uyghur. to lookined by lee fang at the unexpected investor in chinese surveillance. .oe biden son hunter biden his most recent article is headlined "chinese fund backed by hunter b

sophie: welcome to "daybreak: asia."uan fell the most in eight months as president trump threatens more tariffs on china. u.s. futures are on the slide. oil falls sharply with investors being moved by a surge in u.s. drilling. shery: india's giant election enters phase five, with social media playing a vital role. we will check it live in new delhi. japan and south korea are closed this monday. sophie has a check of the markets in sydney. we have the headlines from the wall street journal that china is considering canceling trade talks this week and washington. -- in washington. sophie: that is feeding into risk off sentiment. tracking the declines we are seeing in wellington. westpac also in focus this morning. we see the aussie and kiwi dollars coming under pressure at the start of the week that sees both australia and new zealand deciding policy. to ratebeating the rba cuts. the yen earlier jumping to a five-week high, now trading at 162, while the offshore yuan is back above at 6.81 level about the dollar. wti fallin

sophie: and i'm sophie kamaruddin in hong kong.aybreak: asia." ♪ paul: our top stories is thursday, japan and china remain closed. the rest of asia has a tough trading day as the fed pushes capitulation. it is being held back

sophie: i'm sophie kamaruddin hong kong. welcome to "daybreak: asia." stories this wednesday. asia-pacific stocks look to track wall street's advance. tradefrom the escalated war. the pressure is still on. huawei has a range of answers to president trump's ban. and china says they will win the tariff battle. shery: jim bullard says the rate hike may have been a mistake. may haveoncerned we slightly overdone it with our december rate hike. shery: let's get straight to the market open in japan, south korea, and australia. sophie: in tokyo, we have stocks gaining ground as they digest the latest trade data that shows exports fell 2%. the yen is trading near a two-week low. we will also digest the outlook for japan. in korea, the gdp growth forecast cut this year and next. we do see it continue of one third of a percent. extending gains we saw tuesday when sam's gun helped boost the benchmark on bets it will benefit from the ban on huawei. trading against the dollar. let's check in on the antiquities. we do have the asx 200 opening. little change. the aussi

sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." top stories this friday, asian stocks face another mixed day as investors await april's payroll numbers. all you will be light with japan and 10 on a break. -- china on a break.

sophie? sophie: we will be gauging reaction to the u.s.reasury update on the currency minute pollution watchlist, seeing reaction with china not named to that list. take a look at asian futures, very much in the red after what we saw on wall street, opening lower by one third of 1%, and a downgrade of apple with a ripple effect through the supply chain today, with an anticipated slowing demand in china, and speculation over alibaba, with tech listings, and over in sydney, we are watching miners as china proposes coal price cuts, plus a bond rally likely ,o continue into the session with the boj quote at later today, paul. paul: all right, thanks very much, sophie. as we just reported, the u.s. treasury department has held back from naming china as a currency manipulator. there was the twice he report on the foreign exchange, and greg has finished going through the report. read, what are the key takeaways? that is right. china was not named a currency manipulator in its latest semiannual report. the treasury was unable to do so because chin

paul: thanks very much, sophie.come on the next hour of "daybreak asia," we will talk to a strategist. the market open, coming up next. stay with us. futures pointing higher. this is bloomberg. ♪ paul: good morning. asia's major markets open for trade. welcome to daybreak asia. paul: our top stories this friday. asia-pacific stocks look poised to extend their rally on wall street. the yuan has continued its slide. theresa may agrees on a timetable to leave number 10. shery: the aussie dollar is under pressure ahead of the election amid the ongoing trade war and the faltering domestic economy. let's get straight to the market action. what are you seeing? sophie: in tokyo, gains at the start of cash trade. the nikkei up 7/10 of a percent. the yen is looking steady. the best weekly run since 2012. selling in tokyo shares may be overdone. shareoup saying that buybacks will support sentiment. sony with a record share buyback. let's check in on the mood in seoul. the cosby gaining ground. the one is continuing to hold rec

sophie: i am sophie kamaruddin. we are counting down to asia's major market open. paul: here are the top stories we are covering. always found are facing the sanctions -- we speak exclusively to him. >> i will ignore trump, then with whom can he negotiate? if he calls me, i may not even answer. paul: electing a new parliament in the shadow of brexit. the brexit party hosting a strong result in northeast england. trump talks trade in tokyo after a weekend of sumo and sushi but there will be no deal on this visit. startedet's get you with the breaking headlines. we are seeing the brexit party taking the vote share 38% in east england. the conservative vote share is 10% in the east of england. the european parliament e.u. wide border turnout 55 percent, talking about elections in 28 union place with the brexit party of nigel farage taking a strong lead in that part of the u.k. in england taking 38%. let's get a look at how fx markets are reacting to the results out of europe. we have seen the euro and the moment.in ground at the we see the pound right now against the

sophie: i want to start on an analyst call.gan has downgraded the stock to underweight and raised its price target to $53 aussie, which implies a 12% decrease from the last close, indicating some concern after the stock jumped to a record on thursday on a solid set of earnings. the free cash flow forecast not offering much confidence. we are keeping an eye on miners lookingy, with iron ore to $100 per ton. is just aat iron ore shock away from topping that price next quarter. fortescue is set to double its market value this year after raising dividends. paul: looks like we could have a positive start to friday trading. bloomberg's global markets editor, adam haigh, is here. is there enough support for equity prices longer-term, as the markets are gunning for a policy in the u.s.? adam: there are a couple of arguments that are the mainstay traders are talking about. the first is that the repricing you have had in the bond market, this deliberate grind lower in bond yields, is being quite stimulatory for the economy. 2.4% andar yi

sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." this thursday. fanning the flames, the u.s. debates that listing more chinese tech companies. beijing's slams what it calls an american -- american smear tactics. the s&p

sophie turner.'s on "game of thrones" and put together with british vogue >> scan your surroundings for a level straight stretch road. draw as much attention as possible. make sure your car is equipped with the necessary. >> you want a lug wrench and those things. you don't know how to change a tire. she lists the car first and then loosens the lug nuts. i would suggest loosening the lug nuts first and jacking up the car. >> how surprisingly british vogue. we can forgive them because sophie turner is trying to teach us how to do it. >> it's a pretty awesome awesome challenge. her mom will be her canvas and turning her mom into her. >> how good do you think i look? you are about to get all of that, too. >> look at this. >> they look so much alike. >> very similar. he's going have a great time and mom will be feeling like cake. >> she is very good at what she does. i'm sure she will look phenomenal. >> glow, mama. >> full coverage, mama. hang in there. nicky starts adding the eyebrows and trying to ma

sophie: i'm sophie kamaruddin in hong kong.are counting down asia's major markets open. ♪ paul: here are the top stories we are covering. wall street recovers as investors welcomed an apparent truce in the trade war. chip stocks bounce back from a 4% plunge but the pressure is still on. huawei says it has a range of answers to president trump's been. china says it will win the tariff battle. theresa may rolls the brexit dies one last time and gambles on a possible referendum. shery: we have a big interview coming up. we will be joint exclusively by st. louis fed president in one hour. let's get a quick check of the markets close on tuesday session in the u.s. the s&p 500 gained. most sectors in the green. semiconductors rebounded for the first time in four days after that 4% selloff. we saw some relief coming from the u.s. of these temporary u.s. customers. they rely on business with huawei. we have some stocks in the red. ugly firstn some quarter department store earnings. kohl's and jcpenney. we also had some disappointing ex

sophie: i am sophie kamaruddin. we are counting down to asia's major market open. ♪ paul: here are the top stories we are covering. act now, president trump wants china to strike a deal on trade because worse could be on the way if he is reelected. uber will be in the spotlight when wall street opens. investors bracing for another tough day. australian elections swing into gear with scott morrison appealing to the country [indiscernible] shery: u.s. futures are trading after a weekend of trade antagonism tween the u.s. and china. futures are down .7%, reacting to the latest from donald trump. he tweeted china broke the deal, that we are at the right place, where we want to be in china. we have the u.s. markets closing optimism tradead negotiations didn't completely breakdown. 10 out of 11 sectors on the s&p 500 gained ground, being led higher by utilities and materials. we also have the dow gaining .4%, the nasdaq unchanged but we have data out of the economic front. we saw the dollar falling to session lows and u.s

s" sophie schilacci found out. >> are you excited about the met gala? know what the met gala is. >> oh, okay. it's a party for rich people. >> oh, okay, no wonder i didn't get invited. but i do know about the met thing, because gwen's out there, so. >> oh, is she? >> hmm. >> have you seen what she's wearing? >> i saw pictures of what she's going to wear, but i haven't seen her in it yet. >> gwen wore all white, and with these two we can't help but keep asking, when's the wedding? >> did she get the memo that it's on her now to propose? >> she did. she goes, you know, that this is not how it's going to work. >> and someone else with weddings on the brain, kelly clarkson. "the voice" coach wants to set up son remington with john legend's little luna. >> my little boy, i told chrissy, i want to marry luna. they would make the most beautiful babies. >> arranged marriage? >> skin tones, their eye color, i'm like, what would that baby look like? >> oh, she's told me something like that before. luna's pretty cute. >> how does john feel out that? that's his lit

sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major markets open. ♪ stories we are covering in the next hour. alibaba mulls a $20 billion second listing in hong kong. a megadeal would bring the company closer to investors in its homeland. president trump says they are ready for a trade deal but china isn't. huawei's boss denies intellectual property theft and says the company is a target. startedet's get you with a quick check of the markets trading at the moment. markets in the u.s. are closed on memorial day holiday. u.s. futures at the moment trading at 28.31 level. mixed messages coming from president trump in japan talking about progress with japan on free trade negotiations but when it comes to china, we could see u.s. tariffs on chinese goods going up very easily and substantially. we are now seeing the bloomberg dollar index gaining ground, .1% . we are seeing the euro unchanged at the moment, under a little bit of pressure after that early strength that we saw after the eu elections. when w

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sophie: i sophie kamaruddin. bloomberg to " daybreak: asia."th silence concerning investigations did not conclusively clear donald trump, robert mueller. shery: and japan maybe hanging saying others may shun the company for 5g, and in a few moments, we will have an interview with the morgan stanley chairman and ceo james gorman. you will not want to miss it, but first, let's go to sophie in hong kong. sophie: japanese stocks are opening lower, extending declines we saw on wednesday when the nikkei five 225 lost. we will be waiting to hear details from the boj. bets are on for bond purchasing aven recent yields, with 10-year rates two -1%, and shares opening higher, some optimism after the cost be wiped out gains on wednesday, which prompted more commentary -- after the kospi wiped out gains on wednesday, and the korean won , after weakness we saw, trading at around two-year lows, and we do have 10-year yields looking just above that, 1.7%. this is ahead of friday's meeting. to bexpect things accommodative, which will keep yields low. stocks ope