we spoke about swiss re. masayoshi son is looking to buy 25% stake in the swiss reinsurers.ake to softbank. so far, no comment from the japanese company. the firm is also joining forces with saudi arabia to build a $200 billion solar plant facility. the project is expected to be able to produce up to 200 gigawatts of power and is part of saudi arabia's drive to depend less on crude oil to generate its energy. earlier this week, softbank, which is key investments in uber and grab, was key in both operations are moving —— emerging here in southeast asia and uber may look to do the same in india, talks to merge with an indian rival and they have, and to nominate and that is softbank, the largest shareholder in both companies. the plot thickens. let's preet gill another business stories today. shares in uk—listed drugmaker shire pharmaceutical have soared, closing up almost i6% after japanese rival ta keda said it's considering a takeover bid. big name drug companies have long been rumoured to be circling shire — which specialises in treatments for rare diseases — after a $55 bi

swiss re declined to comment on the report. >>> cme group has agreed to buy nex group for 3.9 billions the combined companies will produce 2$200 million in cost synergies by the end of 2021 takeda shares fell after the japanese drugmaker confirmed it was considering a bid for shire in the uk that could top $40 billion. let's get makiko utsuda to update us with more. >> yes takeda pharmaceutical admitted it is considering a bid for shire but that the consideration for a bid was in the early stages and was one out of several options considered shire said it had not yet been approached by takeda the firm takes in about $15 billion in annual revenue and has strength and treatments for rare diseases. buying shire would strengthen takeda by enhancing operations in the u.s., shire's main market takeda has completed three large-scale acquisitions so far including the purchase of u.s. drugmaker ariad pharmaceuticals for $5 billion last year and a bid for shire would far exceed those past deals as shire's market capitalization was $39 billion as of tuesday's close. takeda shares plunged nearly

treasuries it >>> shares of swiss re are on track for the best day in about five months after reportshat softbank may buy 25% in the company worth more than $9 billion. swiss re said in february they were in minority talks to sell to softbank. >>> john cryan said he is committ committed this after saying potential candidates have been reached out to to replace cryan. >>> and game stop q4 results beat estimates >>> pvh posting earnings that beat forecast. revenue rose 19% the clothingmaker was helped by increase sales of tommy hilfiger and calvin klein brands. >>> shares of verint systems are rallying after reporting better than expected results and also raising its full-year outlook. brian? >> can you give us a look ahead? am i correct in hearing you have a ufo story for us in your trending stories >> we have a lot of good stories coming up in trending. stick around for that ufo one. >> thank you very much >>> on deck, we are talking trade. cnbc sitting down with america's top diplomat in china. find out what he said about a brewing trade war that could have an impact on your money >>

swiss re is doing well. they are at more than 3%.re more gainers of van losers of this morning, but you do not see a lot of size in the rightg stocks as far as now across europe. we do see a higher open across the broader indexes. it was a mixed session in asia overnight. onh stocks continue to weigh the market. volatility is rising and deepening as the quarter draws to a close. joining me now is michael metcalf. thank you for joining us. let me ask what you make of this volatility. it has continued to increase. the momentum stocks were the big winners last year are the ones that continue to get her more and more. what does that say? michael: we have come from up -- a period where we were too low, and the process is correcting. that is sector specific, so it is interesting that the thing that has hurt european stocks is hting.tech waiting -- weig the key now is volatility going to impact fundamentals. in general we are assuming the fundamental trends have driven decent market returns until this quarter remain in place. but will volat

something is is in closer to buy a stake in swiss re-that would buy the swiss insurer out.ccording to people with knowledge, masayoshi son's company is talking to buy a 20% stake. it would buttress the mobilephone carrier with healthy cash flows. softbank declined to comment as a swift free -- swiss re official was not available to comment. it is offer goes ahead set to approach $50 billion which make the japanese company the biggest coming takeover. a shrinking population limit opportunities at home. that is the bloomberg business flash. taken the markets have the world on a ride. we are talking about the s&p 500 hovering just above this average which is the pink line that you're looking at. here with us now is sebastien page. gina martin adams is still with us. great to have you on the show. sebastian, talk to me about what you are seeing. what does it tell you and the billion dollar question here, does that 200 moving the average hold? sebastian: even with this recent volatility, we are in a higher volatility regime. firstrted around the way over those three days, the vi

we are told it is considering a $9 billion stake in swiss re.why and get to our colleagues in tokyo about this story. plenty more to come here on "daybreak asia." this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> 830 in singapore looking cloudy here on this thursday morning. where half an hour from the open of trading. equities are looking the next as we get closer to the weekend. betty: m betty lou in asia. -- i'm betty lou. >> saudi arabia has one omission to a group of secondary emerging markets, joining a group that already includes china, indonesia, and russia. it had been added to the watch list for potential inclusion september of 2015. ms

behaad: softbank is said to close to buying a stake in swiss re.eal that would value the insurer at as much as $39 billion. let's break it down with a tech reporter. what does a technology company want with a 150-year-old insurer? reporter: i think that is the question on everyone's mind. in the absence of any clarification from softbank, we are left to speculate. obvious explanation is they are after the insurance cash flows that would allow them to carry on with other operations. reports say they are after a 25% stake. in the meantime, obviously, this kind of scheme has worked before very well for warren buffett and he has many times expressed admiration for that particular business model. right now, softbank is keeping quiet about their motivations for the deal. haidi: how does this fit in with the vision fund? pavel: that is the second interesting question that has not been answered so far. thed a chance to speak to head of additional innovation at a large insurance company in tokyo. they pointed out that insurance really hasn't changed much si

treasuries it's the biggest deal for cme since it bought the nymex in 2008 >>> shares of swiss re are on track for the best day in about five months after reports that softbank may buy 25% stake in the company worth more than $9 billion. swiss re said in february they were in minority talks to sell to softbank. >>> and deutsche bank's ceo, john cryan, says he is committed to serving the company this was in a memo posted to the lender's website this after reports that deutsche bank's chairman reached out to potential candidates to replace cryan as ceo >>> a shake up in the president's cabinet that we had been expecting for a while now but an unexpected pick to fill that open seat kayla tausche joins us with more on that. good morning >>> good morning we thought this might happen this week, but president trump tapped the white house physician, rear admiral ronnie jackson to run the department of veterans affairs ousting dr. david shulkin who had been in hot water since reporting surfaced about a july trip to europe that revealed its lavish nature and high cost the president was said to

a swiss re-developer was not available to comment.view in its business and overall. john cryan is looking to restore profitability. -- to is examining cash determine if they can win back market share brexit. he saw to squash rumors he may be ousted in a bank memo. that is your bloomberg business flash. francine: for more on deutsche bank, we are joined by stephen. we have covered deutsche bank everyday for the last 10 days to see exactly what happens to john cryan, the ins and outs of why shareholders are not exactly pleased with the stock. what can john cryan do to help with the investment bank? this is the unit is the largest revenue at deutsche. >> they have been trying to restructure this investment bank for years. what this new review is doing is look up where they can compete. in the years they were paying this conduct fines, cutting away staff, they were falling further and further away behind wall street. it is the same dilemma that barclays faces. can they grow those misses guest: those businesses where they can make a return

re was out for just seven as australia were thrashed. but after losing this match, both he and his team face a far bigger challenge, to save their reputation. andy swissengland have resumed their second innings on the final day of the opening test in auckland, joe root‘s side started the day trailing new zealand by 277 with seven wickets in hand and they have just lost the wicket of dawid malan. the majority of the second and third day was rained off, this was the final day, england now six wickets away from losing this opening test match. sebastien vettel won the australian grand prix in melbourne as formula 1's grand prix in melbourne as formula i's new season got under way. his win over it a fair amount to good fortune, as nick parrott reports. for the fifth year in a row hamilton started from pole in melbourne but he's only won twice at albert park. that statistic looked set to improve as the britain opened up a three second lead over the ferraris of raikkonen and vettel. the early drama was unfolding behind him. the highly rated verstappen making an uncharacteristic mistake. both haas ca i’s uncharacteristic mistake. both haas cars coming to a ha

swiss franc, the euro. if there was a growth risk you are much more likely to keep interest rates on hold. sweden, you might see some currency weakness coming through their. reou look at the trade and some of these european economies, does a push china to do trade -- does it push -- asian economies, does it push china to do trade with some of its regional partners? janet: i think enter original trade has been a phenomenon for a couple of decades -- intr a-regional trade has been a phenomenon for a couple of decades. anything that impacts chinese export growth would also impact korea. it depends on the individual countries. involved for the most part, if the u.s. becomes less involved in the world trading regime, that does not mean we have an end to closer integration with other turning partners. we are still seeing these trading initiatives around the world express -- progress, and in some cases accelerate. >> tough question, when is the eurozone's economy strength going to wrap up present pricees -- ramp up pressures? has peaked.nk it we will get some modest and inflation, but i think that mario draghi was still struggle to meet his goal. >> the ecb announc