we are live in sydney, next.his is bloomberg. ♪ crown james packer's resorts may be dismantling its operations overseas. the presidents from account to indonesia has been increasingly hard to find. how far-reaching is this offshore retreat? >> it looks to be comprehensive. crown formerly ran nine representative offices across asia, and hong kong appears to wethe only survivor because have placed calls to those offices and they are either closed or no longer work for aown. it seems to indicate host cell withdrawal from an office network in the wake of detentions in china. wholesale with draw from an office network in the wake of detentions in china. not a chatty company at the best of times, and today, we are not seeing anything. what we do know is that those dresses were listed on their as recently as may, and they disappeared by the end of the month, and these closures seem to have taken place in the last 1-6 months. it is not clear why or what the staff are doing if they have employees in those countries anymor

in sydney, midnight in new york, 12:00 in hong kong.e are watching mining and commodities, a big heart of the world bank outlook. we have an interview with fortescue mining. that is after 11:00 in hong kong. oili: interesting as we see and iron ore prices were they are. there is a claim to the u.s. -- london bridge terror attack. several people were killed saturday night days before the country votes in a general election. sebastian joins us now. get us up to date what we know. far isr: what we know so that the vans hit for passengers on london bridge saturday night. populace ando the london, tourists as well. the islamic state has claimed responsibility for the attack. details are still unknown. police continue the investigation and make arrest across london. what is striking about this attack is the frequency, the third in the last few months and second in the general election campaign. a few weeks ago there were 22 killed in manchester, and there was a similar one on westminster bridge that went on a stabbing spree of his own. that i

haidi: i'm haidi lun in sydney.ll bring a fresh round of incoming data including consumer prices and retail sales. su keenan is here with the details. the headlines of these events will be the fed, but looking at more data to benefit how strong or not strong the economy is looking and how it is mixed what the fed might do. retail sales and consumer prices will come wednesday, and that will be where the fed is expected to raise benchmark interest rates. it would be the second race this week. so we are probably looking to see if the data support that as previous data has. u.s. retail will probably cool in may from the month earlier. it has a lot to do with weaker motor vehicle sales, now that auto sales have slowed from last year's record pace. that is affecting retail. that data will be out wednesday. consumer prices will be in focus . there probably little changed according to the forecast. cheaperecause of the court rate of inflation likely will increase. that will be out early wednesday. another focus for the mark

i spoke to michael mccarthy in sydney, as chief strategist, i asked michael mccarthy in sydney, as chiefarthy in sydney, as chief strategist, i asked him if investors are likely to respond to the brexit negotiations. there are concerns, still, about brexit. they are very much a european and specific. for global markets, the implications are not clear and maybe slighter than many people think. however, talk of £100 billion bill for britain as the cost of its exit has certainly concerned investors in the uk. how will this impact the british pound in asian trading? it is likely we will see further weakness in the pound. there are concerns that there isa pound. there are concerns that there is a move away from a hard brexit and that means that there are some concerns that the uk economy may suffer more than has previously be priced in by markets. the global economy is recovering, letter by pick up an urgent call economies. will the rising trend in exports continue to the remainder of the year? it seems so at this stage. while no one is getting carried away, the lock is positive that the glob

haidi: i am haidi lun in sydney. are telling us that jack tomay team up with softbank invest in ride hailing startup grab. it gets of the firepower to challenge uber in asia. rishaad: japan's biggest bank facing dramatic headcounts, the worst for 20 years. mitsubishi ufj may eliminate 10,000 staff, 7% of the workforce over a decade and comes against the background of low interest rates and intensifying competition to squeeze profits. haidi: nike cutting 2% of its workforce is competition stiffens. the company had 70,000 at the end of 2016, suggesting it could affect 1400 workers. downtors sent the shares in the biggest intraday decline in almost a month. the bank of japan's not expecting, any change, but we are looking for hints as to when there on toing program may start stop. no change expected, but had to get out of this? >> we have to what is the target. there has been a change in terms of the target no longer about the quantity of buying, but 10-year jgb yields. we have to focus on this. rishaad: let's have a lo

the sydney film festival is under way and every year they choose a topic to focus on.d the world holding marches after donald trump's election, are we on the cusp of a new wave of feminism? earlier i spoke to susan charlton is the curator of the feminism & film programme at sydney film festival and asked her what promoted the festival to focus on women in the film industry. i think was because there are a number of programmes happening in australia at the moment that address the fact that after a0 years very little has changed, actually, in filmmaking and the numbers of women, for example, who are directing or writing or producing have not really changed all that much full since the 19705. changed all that much full since the 1970s. for example, in 1971, quarter% of feature films were made by women and today 16%. that is not a great change in such a long period of time. if that rate of change continues, it may take 100 years to get equity. so a number of programmes have been put in place to try and change that situation and i think it's time to look at the films are we

in sydney. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ thanks. the week ahead on will -- wall street will look at the potential deal, what we call merger monday. now we have su keenan. what can you tell us? su: dan loeb is a well-known activist investor, calling for strategic infant -- strategic changes. you can see the nasdaq is under pressure. chocolatee many companies have been under pressure from the u.s. consumption and any sugar product has been down as americans turned away from sugar. chocolate companies have been under pressure from thelet's look awat other issues. what we know from the headlines billionut is over 3.5 options, they have 40 million shares. nestle have a market value of $264 billion, so what will be interesting in terms of a target, it will be difficult. but the strategic changes are not getting specific from the company. we know they have targeted a lot of opportunities, mainly in the u.s

next week the defense minister and i will host in sydney u.s. secretary of state rex tillerson, u.s. secretary of defense, jen jim mattis -- general jim mattis. for the annual australia-u.s. ministerial confrontations jmin. as aus it has been a principle forum for our bilateral consultations for about the past 30 years. and this ministerial meeting will be the first formal ministerial meeting with the new trump administration. it follows on from the very successful visit to us a dwrail by vice president pence -- australia by vice president pence, the prime minister's meeting with president trump in new york, and indeed there have been 13 ministerial visits to the united states since the inauguration, all high level, all targeted to mats that are will benefit the australian people. mr. speaker, -- matters that will benefit the australian people. mr. speaker, ausmin builds on the strong foundation of this long standing bilateral relationship built up over 100 years and formalized in 1951 with the signing of the treaty y my distinguished predecesso

i'm haidi lun in sydney. rishaad: i'm rishaad salamat in hong kong. is set to open the door to its $10 trillion debt market, but analysts think investors should be wary. tom mackenzie should -- joins us. is it the usual story, a lack of transparency, if you will? what is holding back investors? reporter: lack of transparency is definitely part of the issue. analysts say holding back investors is lovely -- likely. they will have cold feet because of a number of big factors. there are capital controls, so they will get money back. they are concerned about credit rating agencies. low trading a very volume traditionally in the chinese bond market here.less than 10% of what you would see in the u.s. then, there's the current market environment, as you push ahead, the authorities push ahead with a deleveraging campaign. to look at what's going on in terms of issuance. chart shows corporate issuance in china from 2015. in the last few months, you have seen generally corporate bond issuance is have fallen off. in fact, we have seen a record $29 billion worth

let us get to paul allen in sydney.uch should the government and opposition be able to move forward on this topic? paul: they have been a long way apart for a long time. the labor party and opposition have been pushing for an emissions trading scheme. that is something michael turnbull supported vigorously in 2009 to the point at which it cost him his job. he ended up losing the role at the conservative in his party, because they did not want a trading omissions scheme. emissionsading scheme. will hand down a report on energy reform in australia that will contain a range of options, and that will be called a low energy target. a percentage of the energy would have to come from low emissions sources. indications so far that this is something both major political parties could get behind, and it is politically safe for both of them to do so, so we could finally see some movement on the way australia handles the carbon emissions, betty. betty: hoping for some breaks for joining us live from sydney. paris climatethe accord

for more on this we can speak to the bbc‘s phil mercer in sydney.w it is the middle of the night from a roman perspective that this has come out but they put out a statement very quickly to deny these allegations. this is part of a longer running picture for cardinal pell. well, the police in the australian state of victoria said about a year ago that they were investigating allegations in the city of ballarat concerning cardinal pell. detectives from australia flew to rome to interview him in october of last year. we understand that the cardinaldid of last year. we understand that the cardinal did that voluntarily, and as you say, in the last few hours he has, via an office here in sydney, released a statement saying that he again strenuously denied any allegations of wrongdoing, and said that he would return to australia as soon as possible to vigorously defend these charges. and the cardinal is required to appear before a magistrate in the city of melbourne in just under three weeks' time, and as you say, this is a story that affects not only the

i'm haidi lun in sydney.picking up a little bit positivity, extending into a second day of gains. not so much when it comes to australian stocks. some questions when it comes to recovery in the u.s. and the bank of japan's next steps. the next one is janet yellen speaking in london. rishaad: and mario draghi speaking in portugal. we have the data out on, manufacturing, and inflation. looking also at oil prices, stabilized at $43 a barrel. looking also to technology under pressure in new york. on top of that, brazil's president charged. shery: we are seeing a little bit of positivity at the open in the asian session. the hang seng index, 25 stocks gaining against five stocks losing. one of those good evening -- gaining is tencent holdings, up 2/10 of 1%. with alibaba, improving their competitive momentum against baidu. fromare benefiting improved data targeting. taking a look at the shanghai composite, we are being a little bit of downward pressure. material financials falling, while utilities are slightly pos

those numbers crossing the bloomberg, april numbers, here's paul allen in sydney. , retail salesat up 1% for april. the market had been expecting .3%. that conclusively reverses two months of contraction for retail sales as well. hadaps not a surprise if we to miss today because the last two months were a miss as well. up 1%, the aussie dollar reacting immediately out the back of that rising about .1%. retail sectorhe real tal here struggling, the malls off, big-ticket sales off, the whole sector underperforming the broader asx. it is all tied up with the issue and austria about weak employment or underemployment and weak wages growth, and there could be more pain for retailers on the horizon with amazon due to make its australian debut. april at least, a big bump, real encouragement. the retail sales up 1%, much better than expected. rishaad: nice one, paul. we are looking at hong kong come the shanghai open. all allen there in sydney. let's get it straight to sophie kamaruddin and a positive trading day. sophie: so far. the asx 200 come up .1%. consumer discretionary stocks on the r

next week we will host in sydney u.s. secretary of state rex tillerson and general jim mattis for the annual -- mr. speaker, this meeting will be the firstig formal meeting for the trumpadmi administration. the prime minister meeting with vice president trump in new yorn on there have been 13 visits to the united states since the inauguration, all high-level in all targeted to matters that will benefit this really people. mr. speaker, on the bills on the strong foundation of this long-standing lateral organization and formalized in 1951 with the signing of the s treaty, mr. speaker, defense minister and a will discuss with her u.s. counterpart a wide range of concern particularly security issues involving north korea and cooperation afghanistan, iraq and syria and how we work together on defeating isis on intelligenceor sharing for the benefit of our citizens. mr. speaker australia and the united states are like-mindednte and the commitment to defend the international rules -based order. we work together well and very clo

adam haigh in sydney. let's return to the bloomberg invest conference in new york, or some of the biggest names in business are giving us their views. scarlet fu and joe weisenthal are with jim chanos. more recently, as many of you know, he's been sounding the alarm on china and tesla. let's begin with the elephant in the room, the trump administration. as ad has built himself change agent, ready to disrupt the status quo. so far, what we've seen has been more rhetoric than policy action. substancesything, policy changes do you see coming in the next six months? >> first of all, thanks for having me. where else can i get a bloomber -- makeover and listen to elon musk talk about the future? [laughter] so, it's interesting. we all follow politics. a lot of us care about politics. at the end of the day, politics works in strange days -- ways in the markets. if you go back to 2009, we had elected, by many people's views, someone to the left of vladimir a community organizer who would nationalize banks, raise t

i am live from sydney, where is just after it :00 a.m. -- 8:00.e continue our coverage of the election and the countdown to asia's first major market. p.m. here in:00 london. i am guy johnson. i will have the latest result from the election and how that is playing out in the markets. suggesting an inconclusive election results with prime minister theresa may falling short of an absolute majority. just remember the exit poll is going to be changed and we are going to start to learn more details as we start to get constituency is coming through. we are trying to get the first in the northeast of england. we will track every twist and turn, there will be many over the next few hours. jon: it is said to be a hard night for theresa may, 314 seats, that is a projection where the conservatives could be headed. 326 is the magic number for a majority. back in 2015, they had the tories at 315. theresa may needs more than a slim majority. if she came into this looking to extend her majority, get a better negotiating strategy for brexit. anything less than 10

in sydney. i am haidi lun. rishaad salamat, coming to you from bloomberg's asia headquarters in hong kong. this is bloomberg markets. haidi: asia-pacific stocks start the week in positive territory. remainingakata untreated, having been suspended last week. selloffs outweigh bids by 600 to one haidi:. toshiba said to be near a winner. incj are ahead in the field. rishaad: hong kong want to ensure it does not miss out on the next big thing. a reading on house prices in china. we are seeing pier 1 city house prices just inexorably rise. we have had this absolute run-up of late. expecteing how -- you bad loans at the same time. nonperforming loans. quite the reverse since march orer december of -- march december of 2015. people are not getting themselves into huge amount of debt. we have those numbers coming out in about half an hour. haidi: always interesting to look at that breakdown between the big cities and the second, third, or even fourth tiered cities. this is a recovery we have been seeing it we are watch

haidi: i'm haidi lun in sydney.ts are warning of a repeat of the post asian financial crisis. still, hong kong's financial secretary remains optimistic here it in an exclusive interview, he says the system is stronger and the banks could withstand any dramatic shot. -- shock. >> no one can tell how deep the adjustment would be on what the appropriate level of adjustment would be because it's not up to the government to dictate. i think it's important for people to recognize that it's risky. i also take hand, comfort that in terms of the financial system of hong kong, i think we are very strong. we can withstand an adjustment in the property market. the situation is very different from 1997 when the last public double burst. reporter: hong kong has implemented measures to put a lid on prices like tightening mortgages. why have they not worked? over the past five years, the exceptionally low interest rates, ample liquidity in the market, supply demand imbalance situation, they all add up. by demand measures alone, we

he is the former archbishop of sydney and melbourne.e is in charge of finances at the vatican, which makes him one of the most senior catholics anywhere. and the police are saying there are several complainants. yes, more than one according to the police in the southern state of victoria. they have served these charges with cardinal pell‘s legal representatives in the city of melbourne. and it is there on the 18th ofjuly that cardinal pell will be required to attend an magistrates' court. police say there is more than one complainant, multiple charges of alleged historic child abuse, and we understand they date back to the 1970s in the victorian city of ballarat, where cardinal pell once worked. thank you very much for that. clearly more on this to come. the united states is introducing tough new security measures for flights into the country but has stopped short of a threatened expansion of its carry—on laptop ban. the secretary of homeland security john kelly said inaction was not an option as america's enemies were constantly workin

obviously after that win, a first for scotland in sydney, they believe they're on the brink of somethingal. attention now turns to the final game of their tour which is in fiji, from where alasdair lamont reports. the altogether more tranquil surroundings in fiji are a marked contrast to the previous legs of the tourin contrast to the previous legs of the tour in singapore and sydney. some of the local inhabitants could have appeared a little more welcoming, though. perhaps wisely, the scotland tea m though. perhaps wisely, the scotland team favoured the pool over the ocean for their recovery session. some more enthusiastically than others. warned the recovery session is required after the monumental effort to beat australia. commentator: scotland the brave! for many, that achievement is still sinking in. it's incredible. this is what it is all about, trying to play international rugby and wanting to do as well as you can. ultimately, we have played for scotland and been in australia and beat in australia. they are rare moments. they continue to improve and it means every chance somethin

hong kong time, it :00 in sydney.omberg. ♪ yvonne: a quick check of the latest business flash headlines. merkel is jumping as a push into the cloud picks up momentum and sparks a fourth consecutive quarter of revenue game -- gain. the cloud business grew in the fourth quarter as sales topped estimates. the ceo says the cloud hypergrowth in expanding oracles profit margins and the company expects earnings per share growth to accelerate i. atty: toyota has tumbled in rating of quality. buyers reported 98 problems per 100 vehicles in the first three months of ownership. south korea's kia motors took top-quality honors for a second straight year. this is bloomberg. ♪ yvonne: 8:30 and singapore, looks a lot nicer there than in hong kong. we are seeing more sunshine here in the morning. half an hour from the open of trading in the lion city. i'm yvonne man. betty: and i am betty liu. you are watching "daybreak: asia ." let's get to the first word news with paul allen. paul: veteran investor mark mobius says emerging-market

. >> the member for north sydney. >> thank you, mr. speaker. my question is to the minister of foreign affairs. will the minister update the house on what the government is doing ensure the safety of australians at home and abroad. >> the minister for foreign affairs. >> mr. speaker, thank the member for his question. the australian government condemns in the strongest possible way the horrific attacks in manchester that was calculated to kill innocent young people. while we have no information to suggest that any australians were among those killed or injured, it will be some time before all the victims are identified. we should remember that around one million australians visit the united kingdom each year, and that at any time there are 130,000 australians who are resident in the united kingdom. mr. speak are i can confirm the australian government as jump dated our travel advice for the united kingdom and i will quote from that advice. this united kingdom government has raced the threat heavily to critical. the highest of the five domestic

hywel griffith is following events from sydney.e that this has been dealt with as a terror incident. the gunman, 29 —— 21—year—old yacqub khayre, shot dead at the end of it. previously, he had shot dead the attendant at the apartment lock. apparently the woman he shot was an escort humility the building, held heragainst he shot was an escort humility the building, held her against her will and made her call into the emergency services to save the siege was happening. it is possible that he tried to lure the police to the apartment block before opening fire. he isa apartment block before opening fire. he is a man with a long criminal history. it is understood he was also involved with extremism. back in 2009, he was accused of being pa rt in 2009, he was accused of being part of a plot to attack a military base in sydney. he was acquitted of that but went to jail for violent offences. he was also involved with drugs and alcohol. the police are saying he was known to them, he had a long criminal history that they are stressing that h

futures heading lower in sydney. nikkei futures ending 0.8% up.utures down 35%, according to chicago nikkei futures. dollar-yen, 110.35. we expecting boj minutes from speaking in kuroda tokyo this afternoon. outside of china it seems pretty risk off. very much so, those oil prices are a big factor in the u.s. markets. let's pull up the boards and see how wall street ended the day. it ended lower, tech shares back and forth, giving up those gains we saw yesterday. nobody can make up their mind on where to go. nasdaq down almost 1%, dow, down 63 perp -- points. let's pull up oil prices, really weighing on the markets and these energy shares. downa look at nymex crude, on the 15% over the past month. 20%,y falling now, over into bear territory. we will see how much lower wti crude can go. now, first word news. president saysed he is glad about this month's interest rate hike and is willing to be patient over mixed economic data. however, he may be more skeptical about a more neutral rate of 3% in coming years. though inflation remains a concern, he s

if you're watching in sydney, that is not :00 a.m. 7:00 p.m. in new york. remember your interview with him a couple weeks ago. several issue still needed to be resolved. we can speak to them more freely about what led up to this decision. betty: he can give is a play-by-play to that decision. this is bloomberg. ♪ yvonne: a quick check of the headlines. time warner is said to be ready to invest $100 million in producing shows in advertising on snapchat over the next two years in a bid to reach young audiences. the bid will see time warner make a range of shows including comedy, dramas, and documentaries. turner, and warner bros. will also invest in advertising on snapchat. group jumping the most in 1999 after he clinched a deal with lenders. withhave been struggling losses. around. turn things monday was noble's highest in years. yvonne: a self driving tesla has new details released about the crash last year. it hit a truck in florida killing the driver who is at the speed for 74 miles per hour in a zone limited to signify. regulators found no defect in the

the plane, which was due to fly to shanghai, back down on the tarmac at sydney airport after a mid—air was the problem. part of the left engine ripped away, leaving a gaping hole. for the passengers, everything had been normal until suddenly about an hour into the flight, it became clear there was a major problem. it took off like normal and then all of a sudden some of our friends that were with us smelt burning. we didn't think anything of it really but all of a sudden it got really loud. i heard the noise and i'm not sure what is the noise, but the cabin crew went out and they were very, like, they told us too fasten our seat belts and tried to calm us down. they told us to fasten our seat belts and tried to calm us down. but we were actually very panicked because we had no idea what was happening. it was a little shocking. i couldn't really tell what it was a first but then i realised there was a hole in the engine. so what could have caused such serious damage to the engine? the plane is an airbus a330, like this one. it has rolls—royce engines, and the company says it will help w

slight gains in tokyo and sydney. are watching when trading gets underway in australia, japan, and korea moments from now. this i tepid friday after wall street closed essentially flat. gold up. a little less stress. although morgan stanley trails once again. theresa may avoids an early fight with europe saying e.u. citizens are welcome to stay after brexit. the senate republicans launch a new health care bill. the top party figures cry fowl. it's. already on life support this is the second hour of daybreak asia coming live from hong kong where it is just past 8 a.m. betty: coming to you live from the morten global forum in hong kong. we just had a conversation with the dean of the wharton school, talking about how there is much more exchange between chinese citizens going over to the u.s. and vice cversa. that, of course, major factor as we continue to look out for investment in asia. we'll also be speaking in the next hour with terry lamb, the chief executive -- in hong kong. she is going to be speaking in a few mom

hywel griffith is in sydney for us.said in big cities like melbourne and sydney, prices are booming and that is not sustainable? yes, and they have been booming for several years, it's what everyone here in sydney talks about, when will that boom finally come to an end, the bubble burst? moodies weren't expecting a sharp correction. a month ago we heard from standard & poor, they thought things could go south quickly as they downgraded the ratings of the banks, so there is concern about how much debt has been carried, about how wages growth is slow and the number of interest—only mortgages being offered by the banks. the australian reserve bank is also worried. we had the minutes of its last meetings two weeks ago, it's kept interest rates low, it's trying to follow things really day—by—day. but everyone expecting some sort of correction. we know already that the prices of apartments have started to cool prices of apartments have started to cool. that's where we have seen a lot of money spent in the last couple of years

i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong.an is a hard place to win when it comes to doing business, but our next guest got panasonic to raise its offer and toshiba to return cash from its systems division. ,et's get more on the progress founder of oasis management. great to see you. tell us what is going on. corporate governance is one of the things you are fond of trying to tackle in japan in particular. tell us about what you are seeing and the mistakes being made and how they can be rectified. takes arate governance long time to improve. was a norm us excitement two years ago in the markets, then got disappointed. , the stock is up 250% as result. rishaad: he put it down to yourself? that is very modest. >> company has done a fantastically great job. cases, certain things take longer time, but it is getting short. , we engage them for the past year and panasonic decided to take the company private and raise the price 20% so far. we don't think that is enough and continue to press them. rishaad: what about toshiba? this is

i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong.each aviation says it may take until the end of this fiscal year to develop a bitcoin payment system. the airline announced in may it would accept the crypto currency , hoping to encourage customers from regional japan and overseas. we decided to step forward and do this initiative with bitcoin has a way to bring expanded choice. considering as you mentioned the volatility, we have to do this responsibly and in an effective way, so we are now working to develop the payment system. that should be finalized by the end of this fiscal year. an auto company may the likes ofith fiat chrysler as it maps out a route to sell vehicles in the u.s.. the company plans to enter the market in 2019, and the general manager says it is examining a range of options. there is already a joint venture with fiat chrysler in china and would not rule out cooperation in the west. a group of 20 global institution investors as 33 of japan's largest companies to improve corporate governance i appointing independen

let's get to paul allen in sydney.ident trump has warned the indian prime minister his country must do more to reduce obstacles to u.s. exports even as he offered purchases of american-made equipment. in the public opinion -- appearance after the white house meeting, he said they have to have a trading relationship that reciprocal. >> in our conversations today, president trump and i have discussed all dimensions of india/u.s. relations at length. we are committed to a bilateral architecture that will take our strategic partnership to new heights. paul: theresa may is being accused of jeopardizing peace in northern ireland by reaching a deal with a party to shore up her minority government. the government -- democratic unionists party agreed to support theresa may's party. it includes one billion new funds for the region. the prime minister also gave details on the rights of eu citizens in the u.k. post-brexit. receive thewill same thing as british people. more ambition, clarity, and guarantees are needed. the level of

in sydney, australia... a plane bound for shanghai was forced to turn around and make a >>> time is 11:24. in sydney, australia, a plane bound for shanghai was forced to turn around and make an emergency landing after parts of an engine flew off. >> no passengers or crew were injured on the flight, but the emergency was certainly worrysome for passengers on board. nbc's gadi schwartz has more. >> reporter: this morning stunning images of a massive hole ripped into the engine casing of a plane that took off from sydney, australia sunday. >> engine number one. >> anymore information? >> continue to climb to 5,000. >> officials from china eastern airlines say the flight was bound for shanghai and about an hour after takeoff was forced to turn back to sydney after the crew observed the be a norm situation of the left engine. >> it took off like normal and then all of a sudden like some of our friends that were with us smelled burning, and we were like didn't think anything of it really and then all of a sudden i

from his sydney blumenthal, former clinton administration advisor and journalist, his latest book is about the political life of abraham lincoln. [inaudible conversations] >> thank you. >> how are you? do i still need this? >> i hope so. >> on the mailing list. >> lots of data. >> really? >> we are sort of at a different kind of inflection period. >> a little bit different. >> how is it? >> always happy to be in chicago. >> every lunch and dinner possible. >> in washington. >> i am sorry. i can't come. we are going to do an event. >> saturday, saturday. >> story of jacob. >> first question. >> all right. >> that is good. we are up against how franken. who is funnier? >> some tough competition. so sorry. >> i like how franken. >> a lot of people watch a booktv. >> it will be good. >> the cheating culture -- the new beginning. >> i saw you. who knew that somebody -- >> in the hospital, had a stroke or something, watching tv -- >> he recovered. >> going in for another surgery. straight out -- it is a real deal. you are in chicago, had no idea you were in chicago. my great-grandparents m

his name is sydney mclachlan. she picks up this really race with her team in sixth place.17 years old. this is in the nationals. she is making a move in the swedish relay with the 100, 200 and 300 and her leg is 400 m and young sydney mclachlan coming down the stretch in second place. she started in sixth and she has a kick at the wire to win from sixth to first. sensational. she is heading for the olympics. no doubt about it. just 17 years old. 17 years old and already heading to the olympics. looking good. a good resume. >>> thank you for joining us. our coverage continues. have a great night, everyone. now, the world is your diner. whoa yeah. with new denny's online ordering, get whatever you want, whenever you want, now wherever you want. order at dennys.com hey. so you guys ready to order? since we come in every tuesday night at 6:00 and order the same exact thing, and it's now 6:08, i believe your question not only answers itself but also stands alongside such other nonsensical queries as "who let the dogs out?" and, uh, "how are they hanging?" okay. so, the usual, w

seen putting us to shame here in sydney. we are waiting for the trade numbers on the back of a moderate surprised when it comes to that gdp print yesterday. take a look at this chart. scratching ourn heads as to why the aussie dollar has been so resilient. a couple of analysts suggesting further downside when it comes to the aussie. a chart showing yield premiums continue to narrow while the aussie dollar since around that 75 level. we will take a look at the latest trade numbers. >> trade figures worse than expected for april, $.5 billion surplus. the march figure was revised slightly to $3.17 billion, a slight revision upwards. the aussie dollar falling on the back of those numbers. imports fell 1%. the big weakness was exports, down 8%. we did get a sneak preview of that when we have the balance of payments current account, net exports would be a big drag on gdp, and that turned out to be the case. result,a disappointing , .5 to recap the big mess billion dollars surplus as opposed to the $2 billion expected. rishaad: i w

but within the first few hours, leaving sydney, he hit the tail end of a hurricane.so that he went way over the horizontal. he survived that, and he was fascinated, measuring this after the fact, by seeing the angle at which knives from the galley drawers had stuck in the bulkhead on the opposite side. chichester had circumnavigated the globe. more than that, he had accomplished the stupendous feat alone. the voyage around the world was just over 29,000 miles. it took him 226 days sailing time. perhaps this unassuming man would have preferred a private welcome. but deeds such as his demanded a hero's reception. he was a little tottery when he got in, so i did the celebrating for the family. i confess i stayed up all night, partying and drinking and having a good time. with sir francis drake's soared, the queen was to dub the sailor as knight commander of the british empire. they decided to have a public investitu re, which was an extremely rare event. this was a bit of a surprise. my father more or less took it in his stride. the whole thing was the most wonderful ad

haidi: i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. ♪ haidi: market are subdued at the beginning of the trading week, down because of u.s. job numbers in the terror attack in london. theresa may will seek new powers if she wins the election. she says extremism has been tolerated for too long. china's biggest coal miner and one of its top power generators talking about a $267r the could be worth billion. rishaad: noble facing another difficult day after its new york listed shares tumbled, it singapore listed stock at a 17 year low. indeed, noble sure starting trading again, but let's start off with the big stories of the day. sterling, the at election in the u.k. taking place on thursday. what we have been seeing is that these terrorist attacks have not had that much impact when it comes to the polls, and indeed by influence, what is going on with sterling. sterling has been beholding to the polls in a different sense. show how as the labour party has been doing better in recent weeks, recent

excellencieseir -- in hosting this meeting here beautiful government house in sydney. i'd like to also join minister in thanking both jim and rex for an excellent day of here.sions jim and i, in fact, have been out all weekend, at shangri-la, singapore, where we key regional counterparts in excellent if i might say, for some of the discussions we had here today about our in the indo pacific. what today's meeting again under scored is the strength of our unique relationship. as my colleagues have indicated, we covered a very wide range of including north korea, the middle east, and other strategic global importance through to the practical aspects of how the united states, as defense partners, particular ly can work together achieve our done in goals both globally and in the region. in particular, we have re joint commitment to the fourth posture, initiatives in northern tangible, as a contribution to the stability, the security, and the prosperity indo-pacific region. we look forward to continuing to work together on the development those initiatives and, indeed , to e

i am paul allen in sydney. "bloomberg technology" next. ♪ ♪ caroline: this is "bloomberg technology" from london. i am caroline hyde. let's return to our top story, the selloff of tech stocks. at the heart of the selloff is pressure on big cap tech stocks that have previously seen massive gains in the market this year. he is in analyst at rbc and covers some of the biggest tech firms. he joins us now from new york. always great to have you on the show. i'm looking at a note you put out on may 18 saying valuations are more robust, saying having climbed from 15 to 17 times they are more robust. do you stand by that? >> we have had a major rally in the sector, large cap consumer tech, not including apple, microsoft, and tesla. other names have participated in the rally. , theig internet four stocks are up 20% year to date. earnings estimates have risen so the multiples have not been that egregious. if you step back, i know the stocks are up a lot, they came up from the trump trade off. we talked about this at the

in sydney. i'm in new york. i'm haidi lun. rishaad: i'm rishaad salamat coming here from bloomberg's asia headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: the alliance under strain. president trump renewed his attack on the mayor of london. critics say he should focus on more important matters. rishaad: traders are increasingly sure the federal hike next week, suggesting steady if unspectacular u.s. growth. haidi: no change of the rba today, although there is speculation a rate cut may not be far away. the bank is increasingly out of step with its peers. rishaad: and apple finally entering the market for voice-activated speaker. they are challenging established players like amazon and google. i love that what's going on with the federal reserve -- reserve. expect them to hike rates next week. looking at the reserve bank of australia as well, three and a half hours away from a rate condition there. one reason they are not looking at data or inflation is looking at the possibility of a recession. let's brin

this is bloomberg. ♪ ♪ haidi: i am haidi lun in sydney.u in hong kong, you are watching daybreak australia. on $5 is closing in billion worth of workers from two asian carriers with the longest version of the 737 max. the talks for india's spite jack mentari and indonesia's wants 50. they will be released at the paris air show. haidi: malaysia airlines is airing -- nearing a deal with airbus planes, but they have been haggling over a price. they want details for other parts of the transaction if aning deliberate and order will be placed in paris. they cut back their fleet networks in response to a slump that followed the disasters in 2014. betty: ethiopian airlines is .lanning to buy 10 airbus 350's the order will be announced at the paris air show this week. ethiopian is sub-saharan africa's largest carrier and wants to extend its reach across the continent. it has an order for 12 a350s's and is looking at the boeing triple seven. -- 777. haidi: winglets and other air refinements. it will raise fuel efficiency by 4%. airbus so they will c

also, a stunning victory for scotland in sydney.y beat the wallabies and are up to fourth in the world. there is a dramatic end in the challenge cup, as wigan but two englishmen, paul casey and tommy fleetwood, -, z. j ”1: . and we look at one of the new sports that will feature at the tokyo olympics. good evening. rugby union has been dominating the sports news. it has been a brilliant day for the home nation sides. we will have the details in a moment of scotland's fantastic win, ireland's victory injapan, as well as a triumph for the english women in new zealand. they were playing before the british & irish lions took to the field against the maori all blacks. this was a vitally—important match for the lions. they were close to full strength and, in difficult conditions, they won by 32—10. many lions on show will have made a strong case for a start against the all blacks next weekend. our sports correspondent was at the match. on the north island in new zealand, this is maori heartland and, when the lions are in town, they pull o

it's a staple of sydney's skyline every night.ries coming up on "action news" at 4:00, new security measures to be implemented for international flight. we'll have details later today. and in big talkers the company is raising money for a new toy especially designed for transgender children. that does it for "action news" at noon. join us for "action news" at 5:00, 4:00 and 6:00. and for david murphy and the "action news" team. i'm sara bloomquist have a great afternoon. perfect dasure is.game huh? i don't know about you gus, but i think a foul ball's coming our way. i'm ready! (crack of the bat, crowd cheers) whoa! almost had it! maybe next time. what about this time? pay me! the new scratch-off from the pennsylvania lottery. with top prizes of 100 grand! that's some catch! (giggles) (crowd cheers) keep on scratchin'! ♪ >>> today, grab a blanket and your favorite wicker basket, because we're heading outside for a summer picnic potluck. michael's whipping up a delicious on the go dish you can make in a flash. then "chew" viewers a

in sydney. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. betty: thank you. stocks falling in that selloff in tech shares. let us get over to su keenan with more on the action. let us talk about what happened today. some strategists will say this selloff was way overdue. and ran right into the u.s. session. as you can see, the end of the day, we were not down that much. they like to point out that is actually a positive for the markets setting up the trade. apple was lower. it was one of the big five that were down and made 75% of the losses. gtx, it doubled. company went against the game. for the sector. let us go into the bloomberg if we can. g #btv 6208. look at the big drop in the blue. followed by monday, we had two drops in the sector over 2% this year. no similar big swings. higher, if you see. a lot of strategists say this sector was due for a comeuppance . it was interesting to note that we did come off the

in sydney, we are seeing shares dropped .3%. waiting on jobs data later this morning, but we are seeing the aussie pickup slightly towards that 76 u.s. cents and a. templeton reckons job losses will drive us to ease rates. after the gdp miss in new zealand, we are seeing stocks by the kiwi dollar slide here. they are expecting the currency to fall to 65 u.s. cents in about 12 months time. the commodities complex, we do have oil fighting, holding -- sliding holding near a low. brent falling .25%. they've metals are looking mixed -- base metals are looking mixed. aluminum in the opposite direction here. supplies have outpaced demand in china. reforms we will see in china in the coming months. betty. betty: sophie, thank you so much with that early look of how the markets are trading right now. let us get to the first word news with paul allen in sydney. thanks, betty. reports from washington say the investigation into alleged russian meddling in the election is now asking whether president trump tried to obstruct justice. the wash

the pilot's declared an emergency and returned safely to sydney. investigators are trying to figure out what happened. no one on board was injured. >>> check out this incident caught on dash cam of a blast in japan. a speeding car goes airborne slamming into the bus after crashing through a median. the car's drive that wreck. but no serious injuries among the nearly four dozen people on that bus. >>> and here's video of a deer making quite an entrance into a paint score in scranton, pennsylvania. the animal nearly plows into the store's very surprised owner. he said when the glass broke he was expecting to see a rock. the deer got to its feet and wandered around a little before heading out the main exit and right back into the woods. just wanted to check things out. make sure everything was in proper order. >> those door buster sales. >>> so they're planning a big party in pittsburgh now that the penguins are the stanley cup champs yet again for the second year in a row. >> thousands of fans flooded into the streets last night to celebrate after th

investors in sydney property will be slugged with a new tax.or price was also down, heading towards -- iron ore price was also down. bhp saw huge demand for steel in the future as china's belt and road projects begin to ramp up. we have data out of japan today as well. monetary base and consumer confidence numbers, and nikkei futures pointing up. some other data to watch out for, south korea, first quarter gdp is expected to remain steady at 0.9%, 2.7% on the year. more from "bloomberg technology" next. emily: this is "bloomberg technology." i'm emily chang. president trump has decided to pull the u.s. out of the paris climate accord. the move has huge implications across the globe and throughout several industries, and ceos are already speaking out. google's ceo just responded, "disappointed with today's decision. google will keep working hard for a cleaner, more prosperous future for all." ge's ceo tweeted -- earlier on bloomberg television, we heard from richard branson. here is his reaction. richard: i have been to the antarctic and the arc

they did safely return to sydney after. that is the latest.on, back to you now. >> molette, thank you. >>> 4:44 right now. it's going to be another big week of testimony in the russia investigation. >> attorney general jeff sessions is set to testify before the senate intelligence committee tomorrow. fbi director james comey raised questions about sessions and russia in his testimony last week. news 4's edward lawrence joins us live from capitol hill. edward, what questions is sessions likely to get? will this hearing be open or will it be private? >> reporter: good morning, aaron and angie. at the moment we don't know if it's going to be an open session or behind closed doors. attorney general jeff sessions was supposed to speak in front of an appropriations committee before the house and senate which is a public committee. some are saying he made this offer to speak before the senate intelligence committee because there was the option to make it a closed door meeting and that's what he would like. democrats would like to have an open public