i'm haidi lun in sydney.etty: and i am betty liu and new york. this is daybreak australia. we have another set of data to come, including the jobs report on friday. little changed from the day before, of slightly and health care financial stocks leading the way -- up slightly in health care, financial slots leading the way -- stocks leading the way. laser bank was down a little on friday, -- deutsche bank was down a little on friday, it could be up on monday because they announced they were reversing course. we will super that goes. exxon has been projected spending at about $22 billion. l mundo is seeking monday -- project. a new crude and snap ipo, everyone is excited about this. up 10%. and copper surprise. cover has been slipping, as traders are a rare desktop or has been slipping, as traders are aware. there is speculation drop this higher interest rates curbed demand. but copper is just one of the commodities that is directly in question as we into the week. as we have been discussing, fresh economic da

this is bloomberg. ♪ ♪ haidi: i am haidi lun in sydney., you are watching daybreak australia. harley davidson is hitting the road across the asia-pacific, investors get appetites. corporate finance reporter ruth is here. why is this deal so significant for harley? why are they coming out here in asia? >> it is a big deal for harley because it is the first time this 114-year-old all-american company is venturing out of the u.s. to test the markets. they have chosen singapore and australia, not europe, and assertive underscores the asian debt markets. betty: why are they wanting to look outside the u.s.? >> it is investment and great companies, always great to diversify, and at a time when there are record lows, it is time to look at places where there is a lot of demand for good corporate debt. in asia, there is demand for it. haidi: talk about the timing, because it is significant. >> this deal comes at eight interesting time. president trump obviously rewarding companies, american companies that choose to stay on short, but at the same ti

haidi: i am haidi lun in sydney. i am ramy inocencio in new york, you are watching daybreak australia. the chinese premier will make his first trip to australia since taking office in 2013 on wednesday as part of efforts to promote free trade. tom mackenzie joins us for more on this. what are both sides hoping to get out of this trip? this is the most high-profile visit by a chinese leader since xi jinping visited in 2014, and both sides trying to transient -- championed free trade, push back against protectionism. we heard it from the chinese policymakers during the national people's congress. we heard it from mr. chang when he gave speech conferences, and the australians are concerned with push back against protectionism since the u.s. pulled out of tpp. they will likely talk about the regional trade deal that china is championing. for the australians, they have always had this problem. the have the u.s., strategic interests that they have to salance with economic interest with their largest partner, which is china

we are seeing that in sydney, fletcher falling 10.4% in sydney. you very much, a look at the markets. let's get to top tories in asia. u.s. secretary of state rex tillerson using a 24-hour trip to beijing to smooth away an expected meeting between the world's biggest economies. that is amid tensions of trade policy and north korea. tom mackenzie is in beijing. what did tillerson achieve here? really, tillerson came here in -- asmp is dilution reassurer in chief. the second notion was north korea. north korea and the tensions on the korean peninsula, he had conversations and meetings with a foreign minister, and he dialback language from the earlier regional visit. he talked about not ruling out a preemptive strike of north korea. you did not hear that language here. he would make every effort to avoid conflict. but he managed to do it seemed is a minor concession from the chinese. he said the chinese would be considering approaching the north koreans to steer them off the path of the nuclear program. the chinese see this as more of a initiative fo

i'm haidi lun in sydney.ormer south korean leader has begun what could be hours of questioning in seoul. this is the first time park geun-hye has been in front of prosecutors. this is what she said briefly as she arrived. >> i am sorry to the citizens. i will sincerely answer investigators'questions. rosalind chin has been following the events on some -- unfolding there. haidi: what do we know? she could be in for some time. rosalind: that's right. generally these questioning sessions could last for many hours and is likely to go into the night. some of these sessions could be 18, 19, 20 hours long. was stripped of her presidency, and now will undergo questioning for the first time. she's expected to face charges including bribery and abuse of authority, and investigators will be looking to find the extent of her relationship with a friend of hers who has a couple of foundations. the questions prosecutors have been trying to answer our whether she pressured this is leaders to give donations to the foundation

sydney.m haidi lun in this is bloomberg markets: asia. ♪ rishaad: japan's economy expanding more than the end of last year, but the growth rate remains modest at best. haidi: we are counting down to the data out of china, strong data expected. ciaaad: wikileaks says the can monitor messages, thousands of documents claim agents can hack into smart devices. haidi: and on international women's day, the gender gap has been reduced, but women still earn less than men. rishaad: we do have -- [speaking simultaneously] rishaad: sorry about that. we have trade data coming out in the course of the next couple of hours from china. that should give us a lead as to which way the deficit is heading for the u.s. in particular. it could add to more risk when it comes to transportation -- trump's protectionist tendencies. haidi: let's take a look at the balance. looking at strong numbers out of china. we will see if that can give a bit of a list to the fairly lackluster session in asia. not a lot of drivers a

in new york, may day in sydney. i'm haidi lun.ishaad: i'm rishaad salamat coming to you from agent headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: rishaad: brian witt a big hurdle as parliament gives a thele -- approval to start process. scotland wants another independence note. australia ready to bring down housing prices. a $15 billion bet on driverless cars, playing catch-up in haymarket seen as the next big thing. and ameeting of minds. washington saying it is in talks with beijing about a presidential powwow next month. got data coming out of china and about one hour, looking at retail sales as well. increased,s have looking at industrial production about 6.2% retail sales, 10.4% on year. one of the main stays of the chinese economy. we should be getting data about uan inn. in around -- yo about 10 minutes during the open, 29 minutes away in shanghai. singapore started second day of trading. the prospects for janet yellen and company are playing out. with investors anticipating what janet yellen has to

is that mean it will stay just as maybe even sydney.n sydney. is that mean it will stay just as powerful as maybe even sydney. is that mean it will stayjust as powerful as it is 110w will stayjust as powerful as it is now as it continues to move? no, it strea m now as it continues to move? no, it stream power and destructive winds that we have now is because it has been over the coral sea. as it moves inland, the minute it encounters a large land mass, it begins to weaken. it is moving along the coast and it continues to have some inflow of moisture from the sea and then this is what will continue to fuel it. it will be a rain feature rather than a wind feature, i think, for the rest of the week. some phenomenal flooding around the storm which is creating some storm surges as it makes land role. stav danaos from the bbc weather centre, thank you. —— landfall. after last week's healthcare defeat for president trump — the big question now is what it will do to the rest of his agenda? another major promise made during the president's campa

sydney.m haidi lun in this is "bloomberg markets: asia" ♪ rishaad: south korea and japan holding urgent security meetings after reports the north has fired more strategic missiles. haidi: china lowers expectations for growth this year, li keqiang says the emphasis is on reducing risks. xi jinping isdent firmly in control, the message. haidi: a rate rise seems all but week, janet yellen warning danger if the fed acts too late. risk aversion in this first trading session in asia. 30 minutes away from the open in china and hong kong. looking at how those markets are digesting policy announcements from the npc. rishaad: the first time asia has had a chance to react to what janet yellen is saying. sophie kamaruddin is having a look at the movers. sophie: quite a bit today. korean stocks, the rosalind: the kospi falling, consumer services falling over 1.6%. a number of players falling today. rising upperks are 1%. the kospi is asia's worst-performing index and asia this year, falling nearly 5%. han

haidi: i am haidi lun in sydney.is "bloomberg markets: asia." rishaad: i am rishaad salamat in hong kong. nuclear power scoring a win in japan, a judge ruling against the ban on starting to reactors. the government sees nuclear as an essential part of its economic plan, but opposition is strong. hasi: china's top chipmaker pledged as much as $22 billion. the group says two thirds is coming from the chinese development bank. the rest is from a national fund intended to drive advances in semiconductors. estimatedpending an 150 billion dollars over 10 years to become a world leader in chip design and manufacturing. has won praise from president trump after announcing a $1.2 billion investment in three michigan factories, going towards engine manufacturing plants for the ranger and bronco models. the dollar posting its biggest gain since early march after stanley fischer said to bring more rate hike seem appropriate. our next guest says emerging markets and asian currencies are looking interesting. thank you for coming i

in sydney. i am haidi lun. this is bloomberg markets asia. ♪ haidi: investors are counting down to president trump's speech congress. we're hoping to get more detail. . >> we have a very special guest, the commerce secretary wilbur ross. thank you for joining us. how are you? >> want to win -- it will be an optimistic speech that will diagram what will be going on the next year or so into the future. >> what is going to be going on in the future? what are you can work with this president on? >> there is quite a lot. first of all, trade. deal, notke it a fair just a free-trade deal. regulations.ing producing burden for american business. third, cutting taxes. to help people make a better return and to stimulate the economy. >> there is some divide within the republican party on the border adjustment tax. will we here tonight where this white house stands? surprised if it was that detailed a conversation. the budget announcement will come out in another several weeks. >> with regards to nafta, do we have a timeli

haidi: i am haidi lun in sydney.as lost a patent infringement case and faces a bill of $1.3 million. the beijing intellectual property court ruled in favor over sony's use of its patent identification software. 35 models are affected. reports from japan say the government may halt toshiba's planned sale of the chip unit if the winning bid comes from a foreign company. the energy minister is considering suspending the plan -- chinese are taiwanese companies emerge victories. the government says the chip business is crucial to japan's national security and fears losing state secrets. pleading guilty to violating u.s. laws on selling american technology to iran and must pay a fine of $1.2 billion, zte's agreement ends uncertainty about the ability to do business in the u.s.. the company admits three felonies. right, let's have a more considered look at these markets. agoust opened 30 minutes for hong kong and shanghai, moving to the upside here as well. we have this asian-pacific selloff easing, equities getting a boost

i haidi lun in sydney.ead into the china open for this last trading day of the quarter, it is interesting looking at these forecasts for the next three months. fund managers and analysts seeing a gain of 2.8%, and tightened liquidity onshore will be the main catalyst when it comes to volatility in these mainland markets. rishaad: absolutely coming getting reaction to this china services data, china manufacturing as well, 51.8, the highest since april 2012. that should give, well, some the opportunity to charge out of the gates, but futures aren't telling that at the moment. nonmanufacturing a bit stronger also than had been thought as well. these are numbers for this month. let's get straight to the open. juliette: if you have a look at the weather outside, i don't won to come out of the gate today. some weakness on the downside, gm and function, -- gm and function we were expecting to see downside coming through from those markets. this is the final trading day of what has been a stellar quarter, so no rea

i am haidi lun in sydney. we are looking ahead to the latest check when it comes to the chinese economy. but let's get you up-to-date with the headlines. ♪ rishaad: china inflation and prices due out this hour. haidi: copper is usually a reliable indicator of productivity, but it is painting contradictory pictures. tohaad: finding china hard swallow. beijing's battle with cold. haidi: and, the fastest-growing economy in asia. rishaad: 30 minutes from the start of the trading day here in hong kong. looking at the all-important inflation number. we are looking at 7.7. perhaps showing an inventory overhang being dealt with annexes capacity as well. -- excess capacity as well. >> less than a week to go to find out whether the fed will put the trigger. -- pull the trigger. the yen dropped accordingly. leading gains in asia. rising, despite geopolitical risk. gains.nics leading toshiba falling over 4%. reporting it could face more losses. we are seeing a drop in oil overnight, weighing in== ♪ on energy producers --

haidi: i am haidi lun in sydney.umbling in tokyo, leading automakers decide on its restructuring. involvedrers have been and investing billions of dollars. the company said it wants to avoid a bankruptcy that would disrupt the supply of parts. shares are down 50% in tokyo this year, currently down 9% come off session lows. toshiba offering stock and real estate as collateral as it seeks financial support. failing to pay back its debt appear low. it helps to ensure banks continue to provide financing, but it is the lenders rather than investors who will get their money back first. the retreat asn production problems that two of the world's largest mines appeared to be easing. operations for freeport macklemore resumed after a month. ehp hp billiton has begun talks to into the pay strike at its operation inchile. chile. rishaad: right, let's have a look at iron ore prices, down 4%, slackening demand. let's welcome the irc chairman jay hambro. the last time you were saying $60 was the floor. , so it isding $90 now good

in sydney, 1:00 p.m.ork is when janet yellen will be speaking, delivering her economic outlook speech. hour,g ahead this singapore has a key advantage in investment could we ask one analyst how long these low prices can persist. next, expect the expected as china's political elite heather in beijing. we ask what is on the agenda and will there be any surprises? ♪ this is bloomberg. ♪ thei: a quick check of business flash headlines. the nikkei news says toshiba has opened bidding for its memory chip business and will take proposals through march 29. selling the entire unit could net more than $8.7 billion in profit. to explore hired ubs the potential sale or ipo of its in its energy company. jd has agreed to sell its finance arm, but will retain a share of future profits. it is part of a $2 billion deal to create a strong rival to nt financial. shares rising 6% in new york, the biggest gain since november. reports from japan say foxconn may sell a stake in sharp. one person could be offered to clear the wa

inquiry into child sexual abuse allegations in the country is starting its final public hearing in sydneya number of other students and teachers are missing. at least six high school students are feared dead following an avalanche at a ski resort injapan. they were taking part in a mountain trip near the town of nasu in tochigi prefecture in centraljapan. a number of other students and teachers are missing. the australian government's inquiry into child sexual abuse allegations in the country is starting its final public hearing in sydney. more than 1,200 100 witnesses have given evidence over the course of the last four years. south korean prosecutors say they're seeking a warrant for the arrest of the country's former president. park geun—hye, who was impeached earlier this month, is accused of bribery, abusing her presidential power and leaking government secrets. now for the latest financial news with and world business report. extending the cuts to oil production. major oil countries consider a plan in a bid to boost sagging prices. and first day in the office for hong kong's new lea

paul allen joining us from sydney.aul, do we know what the latest news is, what has been agreed to between turnbull and li? short answer is no. i hoping to find out in the press conference in a short time, but we have a fair idea of what is likely to be in that document we see the two leaders signing at the moment. we are expecting an announcement of greater access to chinese chilledfor australian beef. this is been an ongoing issue between the two countries, a minor wrinkle really. not many australian factories are licensed to export chilled breed -- chilled beef to china. this is something the prime minister address. australianwould like goods to provide more choice for chinese consumers, and he mentioned that better options in beef was part of that. it has been broad strokes up until now, but malcolm turnbull has also signaled that there will be announcements on cooperation, energy, mining technology, infrastructure, and agriculture. the document is likely to contain those sorts of initiatives, and we will hear abou

. >> and haidi lun in sydney. this is "bloomberg markets: asia." ♪ >> dealing with china's new on day three of the national people's congress. >> trump and the republicans lay out their new policies, a travel ban and a bill to replace obamacare. >> interest rate increase next --annd almost certainty almost a certainty. >> the big australian lenders back in the spotlight as lawmakers get tough on banking comebacks. breaking news has come out of manila. it is the consumer price index, inflation 3.3%. that is an annualized rate, economists expecting an increase of just slightly less. still giving a little bit of wiggle room for the central bank there in the philippines straight that's where we go at the moment. that's right for a potentially the fed does not have ahead of next week's meeting. market very richly pricing in, that the high could come at a margin. of a direction, a muted session in asia. tracking those losses we had in the u.s. action, we are 30 minutes away from that market open in china and hong kong i

haidi: i am haidi lun in sydney. this is "bloomberg markets: asia" ♪ rishaad: summons of stability, china saying the economy has improved with little danger of a hard landing. haidi: a different story in japan, data showing weakening activity on the factory floor with machine orders not exceeding expectations. rishaad: mark tucker to leave aia to take the reins of hsbc. the fall,de after korea's ousted leader remains defiant, saying the truth will eventually come out. are keeping and i on developments in korea. in a moment.ve macro data out of china, but do we received -- see a return to volatility or not? rishaad: this risk on trade back on again. we have the decision out of britain when it comes to interest rates, that touch of election on wednesday, seen as a precursor to the french election ther this year, but perhaps most important is the fomc. let's get straight to market action. 29 minutes away from the start of the trading week in hong kong and shanghai. .ere is david ingles your point, do we see of further s

heidi, -- haidi lun is in sydney.first head of state visit we have had from china coming to australia and over two years. there is quite a long gap there. trade will be at the top of the agenda, and some high-profile investment deals to be signed as well. that landscape has been a bit tense, and our guest will discuss whether this is a relationship that will be addressed and -- addressed -- adrift and what could get it back on track. will have cormac talking about the impact of brexit and also risk and generally when it comes to ratings in 2017. can globalization be reversed? what he will be talking about. will also be speaking to michael pressure, who has strong views on chinese debt. betty? betty: thanks, heidi. ♪ your last name is -- >> it took me a while to learn how to pronounce it. a lot of people calling for my firing. won the national championship. >> i said we were going to win. we ended up winning one of the greatest games in the history of college basketball. >> last year you won your third gold medal. your

we'll be live in sydney for the latest on the landmark investigation.esident in the uk but living in limbo. we report on the uncertainty facing millions of eu citizens based here. i'm sally bundock. in business, extending the cuts to oil production. major oil countries consider a plan in a bid to boost sagging prices. and a record fine for bt with the firm setting aside hundreds of millions of dollars for delays in installing high—speed lines. hello. the united states has condemned the arrests of hundreds of protesters in russia who'd been taking part in anti—corruption demonstrations. they included the opposition leader, alexei navalny, who organised the main rally in moscow. thousands of people joined the demonstrations nationwide, calling for the resignation of prime minister dmitry medvedev over corruption allegations. steve rosenberg reports from moscow. there were moments when moscow resembled a battlefield. russian riot police broke up an anti—government protest, on what was a day of demonstrations across russia. in moscow, they detained more tha

taking a live look of the iconic sydney opera house. nine minutes into the trading day at sydney.aking news. i strut your releasing its latest jobs data. and yet another interesting set of data. wild one. another right up to 5.9%. we were expecting it steady of 5.7%. a big jump. let's look at the numbers. employment change's 6400 jobs lost. was for a gain of 16,000 jobs. a big reversal there. full-time employment, 27,100 jobs created reversing a loss of 44,800 jobs in january. part-time employment 33.5 thousand jobs. numbers in of wild the unemployment data. i'm sort of reading these slowly because they are rather difficult to believe. normalticipation rate is and held steady at 64.6%. falling, maybear currency traders a not quite sure about the credibility. another wild swing. 5.9%. >> you wonder why they keep bringing these numbers. it seems what they got right this time is unemployment at 6.8%. the aussie dollar as well. >> we did see a drop below the semi. we are seeing it kind of shutter there. perhaps not picking up despite the aussie being a big fed'sciary following the gra

betty: thank you so much, paul allen in sydney.you want to follow the us trillion banks facing the follow thery -- banks facing the parliamentary decision, -- some of the events you may have missed earlier. it is your gateway to finding out and staying on top of the news. yvonne. yvonne: always good guidance from our folks. just ahead, will the u.s. declare a trade war against china? the five potential flashpoint. this is bloomberg. ♪ ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. >> 8:30 in singapore this morning. half an hour away from the open of trading in the lion city. i'm yvonne man in hong kong. betty: dark skies. i'm betty liu in new york and you are watching "different asi

heidi: and i'm haidi lun in sydney. you're watching daybreak australia. on the latest headlines -- a jpmorgan executive is going to be excluded from the tanking industry after being find a bribery investigation. they work for the lender in asia and the fed said they hired inerns and other employees china. jpmorgan describes the conduct as unacceptable and says hiring practices have been improved. the comments caused shoppers to boycott the biggest supermarket chain. he made the comments during a panel of hearings in london on friday and said the remarks were meant to be funny. warner bros. king kong revival has taken the top spot at the weekend talks office. the film was coproduced by legendary entertainment and is part of a slate of monster movies following the godzilla reboot. it mark -- it knocked logan from the number one spot. betty: how many times are we going to bring king kong back? the indian prime minister won a resounding victory in a state election that will let him push and put some a prime position for a second term in 2019. strongs like he'

haidi: and i am haidi lun in sydney.e looking at a mildly positive session when it comes to asia. .aking a cue u.s. stocks closing off their session lows. nikkei 225 up 0.8%. on 0.25 be adding percent. in other markets trading, australia up by 1% despite some concerns over the falling oil prices. the aussie dollar has come under quite a bit of pressure as a result of that. and kiwi stocks remaining flat. rishaad: coming down to the flat -- the start of the trading day. free market auction. . period.arket auction we are replicating what is going on. -- itock to watch out for did resume trading in hong kong yesterday. china southern. andcarrier coming out confirming today that american airlines has agreed to acquire a minority stake in the carrier. $200 million is a consideration for that partnership. it was the only chinese major carrier that did not have a stakeholder by a foreign body. china southern issuing some 270 million shares in the hong kong listed company. is the area -- the letter a american airlines will be bu

sydney will have her books down there.eally encourage you, it was an eye-opener to me when i bought it. we also have a session at 4:45 this afternoon to talk about our progress in the states where come in texas, we succeeded in reserving prison beds for those who are afraid of, treated in the committee with mental health and drug addiction treatment, job training, saving the cost of incarceration. it's cut $3 billion from the budget, and the crime rate is the lowest it's been since 68. so we can have common sense spending and commonsense policies, and fewer people in prison. >> that's an important session this afternoon. we as conservatives in this area have a great deal to be proud of because most of the tragic and -- traction on real prison and criminal justice reform has not been at the federal level during the obama years. it's been at the state level. the heroes of criminal justice reform are people like mary fallin in oklahoma, rick perry when he was governor of texas, nathan deal in georgia, matt bevin in kentucky,

haidi: i'm in sydney.bile shocked those who enter the country just the three years ago. he told hovland amen that he is looking at new opportunities within mobile finance. i think everyone in the industry in myanmar is uber excited. -- super excited. we went in three years from is hardlyyanmar that connected to one that is fully connected. we've seen it is above 90 now. of 53lion of a population million is now connected to mobile services and that is what is really driving it on our side. the appetite for data. correspondent: data is the future, give us the sense of a demand of data? >> data is huge, it is here today. with our customer base that is 90 million, we see that 65% of our customers are active data users on a daily basis and the data users have a smartphone as well. they carry a smart phone, they are connected and they are bringing this everywhere else in the world. an average customer here in downtown will be using 3.5 gigabytes of data a month, you compare that and it is similar to anywhere els

in sydney.loomberg markets: asia." rishaad: i am rishaad salamat and hong kong. this is what it looks like premarket, virtually nothing going on. the hang seng auction period flat. there.s are up a coal minered by coming out with a special come itself ofua 15% premarket. you also have other things in , #6907, showing you how shenhua energy has not been keeping up with the coal price as it has risen over the last two years. we had a big fall back in iron ore last year. i'm watching a stock that has not moved as much as your stock pick. this is the world's biggest bank by assets, a political story. whnn -- gary co. planning to sell his stake according to the disclosure document obtained by bloomberg. he is the ax president of goldman sachs, worth more than $15 billion. separately planning to do fast $260 million when it comes to goldman stock. end up in the firing line because it is a top 10 it in trump towers and is up for renegotiation. you can follow the story and all to days stories at mliv

sydney has b been dealing with very wet weather so far this month.could be the wettest march on recocord if we see morore raini. lelet's go to ghana. the rainy season has just started and tragedy occurred. we have footage coming out of the country. a deadly accident happened in ghana afteter a rainstorm hit o sunday. at least 18 people killed or, rather, 20 people were injured at the base of the water fall. many of them are high school students. it occurred when a large tree fell into the pool where they wewere enjoying swimmiming. the water fall is s known as a popular beauty spot and was busy with weekend day trippers. in ghana the rainy season has just startrted and more rain is expected. now inin central portionof g gha whwhere the accident occurred we'll l see more rainfall from wednesday going into the weekend.d. typically, we see heavy rainfall along the equator and more rainfall will fall over ghana. in europe there's a line of rainstorms into the baltic states and then up towards the north. you can see the pressure gradient is quite packed.

chief economist from sydney. a surprise for everyone.i'm more interested is what the long-term growth trajectory would be. so much of it is fueled by the commodities rebound. >> your perspective is right. it can be volatile. the important point is that we are now in surplus. this is the third surplus in a row for the australian trade balance. if we expect global growth to continue to improve through 2017, that is a good export outlook for australia. i would not read too much into disappointment. exports are growing strongly. host: i want to bring up the chart on bloomberg. it doesn't matter which way you cut it. oil or commodity -- commodity prices, it is directly correlated. are we set up for a second coming of the mining boom? >> commodity prices are up 40% year on year. i don't think those moves can be sustained. global growth is improving. there is something there more than sentiment. there is a turn in manufacturing. that will sustain commodity prices to an extent. we are seeing volume and prices working the same way. we will get a

sydney with 0.8% lower. dragged down by resource shares, the sharpest one-day fall in more than a month. in south korea, the kospi ended down by 1.14%. the lowest in more than two weeks, plans to install a advanced u.s. missile defense system are causing tensions with china and that's weighing on market sentiment. the shanghai composite ended down .4%, 3218, after service sector activity slowed in february, investors stayed cautious before the start of the annual national people's congress on sunday. >>> japanese government officials have released the latest batch of economic data. we start with the consumer price index, a leading gauge of inflation, it rose in january for the first time in 13 months. the officials say the index inched up 0.1% from the same month last year. higher crude oil helped push up prices, the index excludes fresh food. still consumers in japan continue to keep a tight grip on their wallets, spending by all households with two or more members fell 1.2% from january last year. on avera

these mattresses are on their way from syd ney to mattresses are on their way from sydney to shanghain sydney to shanghai where they will sell for 75, 000 australian dollars. ah beard only started exporting to china in 2013 and in a few years, they hope to have 100 stores there. the 2015 free trade agreement has helped push down tariffs and plugged up helped push down tariffs and plugged up profits, bolstered by the massive demand for western goods. the buyer typically is not interested in buying locally produced products, they are looking for something that is imported. they particularly look to australia because we have a very natural product and beyond, i guess, the quality of the product and the master craftsmanship which goes into producing the product, they are looking for something that is genuine. premier li keqiang has been given a traditional welcome afforded to old allies. he's come to tell australia it doesn't have to choose between china and america. they can trade in a circle of friends. australia has spent decades carefully cultivating its relationship with china. it's

we have coverage in sydney with of the latest on the li keqiang trade mission. we will discuss malaysia's crackdown on currency fixing. and from tokyo, an update on toshiba's ongoing battle. >> and from new york, all the market action. and the word from a host of the fed the speakers. and on the day of the samsung agm, we will lifted the lid on the unique culture of the electronics a giant. this is daybreak asia coming live from bloomberg, u.s. and asian headquarters. i am betty liu in new york, it is just after 7:00 p.m. after 7:00s just a.m. in hong kong. i am shery ahn. it is not over. so much coming out, janet yellen and others. it was a factor. not to mention, the chinese premier's visit in australia. betty: that is right. more clarity on what he meant by taking trade to the next level. what are we talking about? clarity is really what we need when it comes to that meeting. but also clarity about where we are headed in the u.s. with the health care reform bill after the delay that happened just hours ago. we are expecting to see something on that front. the

this gets the first world news with paul allen in sydney.lobal trade could be set back decades as president trump in prose his tariffs or tax the wto. he says antagonism between the u.s. and major partners or an assault on multilateral agreements be very bad outcomes that would undo 30 years of globalization. stand chart has been acting out potential disruptions for sometime. the secretary of state, rex tillerson, has called for a new approach on north korea, speaking in tokyo, said years of trying to persuade pyongyang to program haveuclear failed, but the reclusive country should not fear the u.s. or its allies. koreason is in south today before flying on to china this weekend. and sources say it has received several bids for its memory business, including from the innovation network corporation, even though it has not been confirmed. 10 suitors have expressed interest, and toshiba is considering selling all assets in its u.s. west nuclear testing house. and authorities are looking at a bunch of -- potential fraud, bribery, and corruption

in new york, may day in sydney. i'm haidi lun.lamat coming to you from agent headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: rishaad: brian witt a big hurdle as parliament gives a thele -- approval to start process. scotland wants another independence note.

in sydney, bright tights and tank tops appear everywhere.le that cannot be done in activewear. you can work, exercise, meet for lunch, even go to a drinks party. are you going to the gym? no. activewear. buying groceries in my activewear. it is such a phenomenon in australia that it spawned this viral video. doing in australia that it spawned this viralvideo. doing literally in australia that it spawned this viral video. doing literally nothing in my activewear. and academic study looks at why the industry has grown, and where it goes from here. the victoria university research suggests sales in australia will keep growing by over 20% in the next five years, driven, it says, by the desire to exercise any where and at any time. consumer demand has not been met. sport is notjust for guys. it has been driven by companies to seek out new markets and also driven by women themselves who are seeking better products and retail experience is. it is an opportunity this woman has grabbed. she has set up the website stylerunner after being frustrated by

hywel griffith, our correspondent in sydney, explained what prompted the commission., by a police investigation into abuse alleged to have occurred a couple of hours north of sydney, in the town of newcastle. but very quickly, it emerged that it was notjust individual cases of abuse, that there was an element of institutional abuse happening. and that meant the government decided there was a reason to look like the catholic church, the anglican church, and schools, but it widened the scope. this has been unprecedented. it has looked right across the board. i look at the list here: 0rphanages, sporting institutions, shools, churches. this was a difficult one. and what we heard from the chairperson at the start of the day's session was that while this looked at over 4000 institutions where abuse at had been alleged, there were some common failures that they have come up with. as you say, it is unprecedented in terms of its scale. what has been some of the response both from the public out there, and some of the institutions that have been involved in this inquiry? so, m

let's get more from hywel griffith, who is there in sydney for us.blic hearing will be all about today. well, this will be the final public hearing after some four years of work. they've heard over the course of that from victims of abuse from many different sectors of life, a large concentration on allegations of abuse against the catholic church with some 4000 or more victims coming forward to say they were subjected to abuse. likewise, the anglican church has been under the spotlight, more than 1000 allegations against the anglican church in australia. but as you said, it's gone much wider than that, it's looked at sporting organisations, swimming, cricket, football, as well as schools and the ca re football, as well as schools and the care sector so this has really been very comprehensive, the idea of the final week of hearings is to tie those threads together and look to see what, if anything, unites them and that's when you strike on some key and possibly difficult issues. what are the allegations that will be heard in this public hearing today

than 7000 private sessions by the time it completes its work. 0ur correspondent hywel griffith is in sydney a police investigation into abuse alleged to have occurred a couple of hours north of sydney in newcastle, but very quickly it emerged it wasn't just individual cases of abuse, there was an element of institutional abuse happening and that meant the government decided there was a need to look across the border, notjust there was a need to look across the border, not just abuse there was a need to look across the border, notjust abuse within religious institutions, the catholic church, anglican church, schools, it widened the scope and this is unprecedented. public and private schools, orphanages, churches, sporting institutions, that was a key one with difficult questions to ask and what we have heard from the chairperson at the start of the session today that while this looked at over 4000 institutions were abuse was alleged, there were common failures they have come up with —— were. the scale is unprecedented, what has been the public response and also from the institutions involved

the la st word and sydney and paris and moscow. at home, they look forward to make up to the sky and they can see me. the brightest star. you have been watching newsday. stay with us. we will be looking at australians who are giving their wallets a workout. they are spending around $270 billion on fitness apparel. thank you for watching newsday on bbc world news. goodbye. hello, good morning. the start of the week brought a mixture of sunshine and showers but we were very close to some severe and potentially damaging weather. just across the way, in brittany, a gust approaching i20mph. that area of low pressure brought us some rain in the south—west and the channel islands, and is running away across europe rapidly now, to bring more some snow to the alps, take some wet weather across italy and to the adriatic, potentially bring some damaging mistral winds to south—east france and gusty winds into sardinia and corsica. here at home, things very much quiter. the winds quite light, actually, and a lot of the showers that we had earli

i was paul allen live in sydney. the chinese side light out of beijing prayed we will be discussing more about the economy and china with our guest. he's president. we will talking about that and other implications. that interview that is coming up in just under 5 minutes from now. time to check back into the markets. coming through this thursday. jules? >> yesterday was -- see a bit of a blip. we have seen markets coming back. about 3/10 of 1%. cpoper higher by 5/10 of 1%. we did see that weakness coming through in copper in the last couple of sessions. by 2/10s sex 200 is up of -- australia's sfx 200 is up by 2/10 of 1%. they were the markets week hit hard during yesterday's session. we have seen the nikkei on that lunch break up i about 1/10 of 1%. the japanese yen being sold up -- sold off against the dollar. trust me on that one, down by about 1/2 of 1%. a little bit of weakness coming through in those safe haven assets that were in demand yesterday. this is a three-day chart of the and it is also rebounding, co

in sydney. i am haidi lun.omberg markets asia. ♪ haidi: investors are counting down to president trump's speech congress. we're hoping to get more detail. . >> we have a very special guest,

the trading day in sydney. see the stocks lower than futures had indicated, down 3/10 of 1%. we are getting breaking news from australia on consumer confidence from the index, rising a touch, a slight bump here, to a reading of 99 .7. at that is a gain of 1%. last month had risen, as well. although it was a smaller rise this month, the month of march. cannotcation perhaps, read too much into these numbers. an indication of growing worries and uncertainties proposed on many of the things we talked about, brexit, the fed rate hike. >> looks like it was much of the same. business confidence had a nasty drop yesterday. i see a little diversion spare, but not much on the aussie dollar. let's check first word news. >> president trump's trade negotiators says china is high on the list of things the u.s. should worry about. robert lighthizer spoke at his confirmation hearing on capitol hill. he says it is not sure china is manipulating its currency. he is waiting for treasury department review do next month. rex tiller

haidi: i am haidi lun in sydney.s is "bloomberg markets: asia." rishaad: i am rishaad salamat in hong kong. the latest business flash headlines, a chinese insurer looking to diversify overseas, planning to place $100 million a year in japan, putting money with private equity firms that invest in food, consumer products, and health care. an looking to increase returns and manage currency risks. haidi: beijing's recent capital controls have setback deals. one film producer remains optimistic, seeking to renew and expand with stx entertainment. the deal to coproduce, co-finance, and co-distribute will expire next year, but the company says the two are discussing for the collaboration. like to renew and deepen our cooperation with stx beyond financing. stx has plans and television and multimedia. they have new ideas for the asian market. we have had a lot of contact in this regard. rishaad: the singapore dollar gaining has traders bet the central bank will avoid easing. all but one of 16 economists think the bank will ke

worse, he abused me in my hotel room and sydney, the olympic games. >> reporter: he was the head physician team usa gymnastics for 19 years. you can see him here after carrie injured her ankle in the 1996. >> dr. nasser acted as the good guy, supporting me emotionally and promising relief from the pain. now i know he expertly abused me under the guys of treatment. >> reporter: the three former gymnasts shared their very personal stories with the senate judiciary committee to support landmark legislation that would help protect young athletes from sexual predators. >> protecting all children in sports from abuse is paramount importance. that is why this bill is so vital. >> reporter: dr. nasser has denied these allegations of sexual abuse. usa gymnastics officials were invited to testify but declined, citing pending litigation. but in a statement given to the associated press, usa gymnastics says it cares deeply about the issues raised and supports the bill. mochianu herself was not a victim of the alleged sexual abuse and the k acharolys have r been accused, she says her years working with

i am haidi lun in sydney.uick check of the business flash headlines. highest analyst estimates, pull your net income of the world's biggest luggage maker at $256 million. the ceo told bloomberg that the company is looking at manufacturing in the u.s. he also says he expects the luxury travel brand tumi to double sales. will make aumi difference operating at a premium in the market. at iner we are looking 2018, we are looking at growth. agreeing to buy are strained utility company holdings for more than $3 billion, buying 100% of the company from owners. tai saying the ceo will continue. largeroved, it would be than any previous deal. alibaba says it has been tracking and blocking japanese products that may be contaminated with radiation. in a post, alibaba says it has taken action against 4000 businesses and delete and links to 22,000 suspect products since the fukushima nuclear disaster in 2011. well, many airlines in the asia-pacific are struggling, but qantas is emerging stronger under a three-year turnarou

in australia sydney harbor bridge and the same sydney opera house, they also went dark for the 10th anniversaryf earth hour. >>> tonight the lights will also go dark to mark earth hour at the national cathedral. the fairmont washington and harbor and the city of rockville, maryland. >>> howard bernstein says it's going to get a little bit cooler soon but right now it's perfect outside. we're going to take a look at your weather next. and warm weather is drawing thousands to see the cherry blossoms this weekend. we caught up with some of those lucky people who got the first glimpses at the blossoms in peak bloom. >>> summer is just around the corner and at howard university today some localam safety lesson. sigma gamma sorority and usa swim partnered up to bring swimming lessons and water safety to communities where not everyone knows how to stay afloat. >> we really want to make sure that all children know water safety. and as we know, african american and other minority families, they disproportionately drown. we want to come out and say listen, this is important. we need you to know how to sw

i didn't even question it. >> reporter: she took home bronze at the 2000 games in sydney, a shining triumphnd it, she says, a painful trauma. >> he did touch my breasts underneath my t-shirt. when he first did the procedure, we'll call it, i was 13 or 14. >> reporter: she says she met dr. nasser shortly after making the national team, seeking treatment for back pain. >> he said that there is a procedure or a way to get my hips back in alignment when he would put his fingers into me vaginally. and i don't know how i wasn't uncomfortable, but -- just being a kid and being a little girl and being in such an intense environment, i was so miserable because i felt like i got in trouble every day for something else. i had no idea back then that he was doing something wrong. >> reporter: rhythmic gymnast jessica howard said she also didn't realize what was going on. >> like i was so trusting. so it didn't even go through my head that this man could be hurting me. >> reporter: she told abc news she was willing to push through almost anything in order to become a three-time national champion. howard