the shanghai composite suddenly surged in november of 2014. d surpassed 5,000 in roughly six months. however, when the government regulated some market transactions out of fear of a bubble forming, stock prices plunged. the composite hovered at around 3,000. in october 2015, wang predicted that the composite would move as follows. however, the shanghai composite has been below 4,000 for six months. wang's predictions missed the mark. wang doesn't make predictions on his own he collects information from various sources and charges clients for the information. usually a national certification is necessary to charge people for stock price analysis and forecast, but wang doesn't have that certification. he often spreads unverified information and makes bad predictions. but many people still flock to him. during a weekday afternoon, wang contacts an individual investor and decides to meet with her. the investor is 49. the two met at a stock salon six months ago. she lost her husband six years ago and inherited his stocks. she also bought more shares

do with the fact that shanghai has behaved itself. king at the lowest 30 day volatility for the shanghai composite from this time last year. -- the z ing is that score. 250 day mean,the one-day pricing. above or below this green line, which represents three standard deviations from what you typically see, that really shows you how jumpy it has been. for japan, unfortunately a lot of the gems have been to the negative. at one point, we were three standard deviations away from what would normally be considered the norm. do look at this nikkei to five, and look at the same measure in shanghai. this is really the story here. it has behaved itself quite a bit. here,green lines right have barely made it two standard deviations, that is point we were just-- talking with tom, to shrink the back door. briefly, let me end on this. ofyou want to get a sense what the option markets is pricing, that function on the terminal gives you the pricing. it is very confusing, because there are so many numbers. we are at these levels right now for 30 day vo

the shanghai composite up a tenth of a percent. in hong kong, similar gains. and in japan the nikkei was up sharply earlier in the session. the weaker japanese yen, some talk of fiscal stimulus there but it sort of sold off into the close and managed to close higher by a third of 1%. >> the point to add with china is that the steady firm data the last couple of weeks has been a little softer. something to keep it on. yes, shanghai is up. over the market the shanghai market is down 8%. something to keep an eye on today. but steadily get iting lower there. >>> the german dax is down 1%. in france down three quarters a percent despite oil higher. >> the dax is closed with the spanish market down 1%. europe not following suit. thankfully, the u.s. futures are bucking the european trade. a mixed performance for the dollar today, nothing too significant. the euro is up about .10%. the yen is down .10%. and the pound is basically flat, 1.4353. we'll look at gold prices quickly, also gold currently in the green today up .80%. >>> oil is the big story right now with pri

the shanghai composite a little in the green. european equities, this one interesting to watch. a couple cross-currents to watch. german dax down 1%. france's cac, down almost 1%.

this is the shanghai composite, down 18% since they added those 13 companies. at is half of their pre-float. i index hast the msc done. it is down 8%. we don't have a custom chart. the 13 stocks are still down about 5% over the six months. you know what happened? lots of market turmoil. a lot of risk in the china market. u.s. investors kind of paid really close attention. this will broaden the investor base for u.s. investors wanting to get into chinese stocks, kind of passively. etfs will invest. angie: mostly down. what impact will this have on the stock -- these stocks? stephen engle: alibaba in the last six months is down 3.7%. it is up 33 percent since february. we have one quote from the chief executive from one of the exchange traded fought -- funds. who said u.s. investors are a low chinese adrs valuation because of the china risk. would be full inclusion hopefully a global investors will be able to buy them as part of their mandate. that is the hope. another question in june, which mayns tomorrow, the msci include a shares. the mainland authorities have

the shanghai composite in china and that the session slightly lower. nicole: oil prices ignite the stock rally with crude oil back above $48 a barrel. this is the first time this year. 4779, up 7 cents. lauren: news that the canadian oil sands have been evacuated as strong when stoked a huge wildfire in alberta. we will have an update for you. train to a site to watch day, definitely home depot. we'll find out how the home improvement is faring. lauren: the golden state warriors beaten by the oklahoma state and run their own quarter. in the msl playoff from pittsburgh penguin msl playoff comebacks for penguins tied with tampa bay at one game each. highlights coming up. nicole: 5:01 a.m. in new york. we welcome you to "fbn:am," the

the shanghai cop -- this has them is him? -- pessimism? been trading sideways all month, which is why this.ts suspect in the meantime, it says that perhaps storm clouds are gathering with it comes to the currency, and therefore the economy. goldman says this sweet spot that the u.n. has been trading in a week is -- is week against the dollar. it is coming to an end, now warning a renewed outflow. case in point, it is down monthly 6% in may. that is the biggest monthly decline since august of last year, and close to a five-year low in yesterday's session. is going to be exacerbated by the likelihood of a fed rate hike. seeing the we are pboc set it at this, potentially to take up pressure ahead of a move on the feds. it is said that investors are likely hedging out their positions using these funds to go short on china. given the focus on the currency, it is interesting that we are getting more detail on how that daily fix is set. us that everying day, 14 market makers sit down, they look at the previous day's close, and they come up with th

i'm not saying ig flor the shanghai composite but it is not giving signals about what is really going on in the economy just big positions going on at the margin for these very active retail players. >> so you are saying watch the chinese banks closer. >> a big flow southbound from china into hong kong buying the chinese banks in hong kong because there is a huge differential gap. i think there is a lot of positioning. people say i'm going to sell some of the as and by the hs and that is the stuff if we don't connect the dots it looks like a different story. >> tell us about chinese bonds, sovereign bonds you mention it in your notes it is quite interesting. >> we've had a symposium this week. and we're talking to a lot of investors in europe about china. one of the things is they are building this infrastructure. so there is a couple of the chinese policy banks. they have been out doing a road show. and they are raising dollar. dollar borrowing. and they are probably going to pay 140 to 170 basis point spread over u.s. treasuries. so my point is here is china is making pretty much th

in the meantime, shanghai has come down. t been, it has been the worst-performing market. this is appalling to other alternatives. fit for this rally have staying? we will come back online and that will flood the market with this. this is what we are talking about with investors. rishaad: extraordinary run-up in chinese markets led to the conservative prices may not be more than reality. but we have more from sydney. are some of these trading things impossible to square with real activity? that is what i want to get to. david: yeah, it is pretty extra ordinary you look at some of just numbers that haidi ran through. one persons at speculative bubble is another person's liquid market. you look at gold, what makes gold contrast, 17 million of those, the equivalent of 70 million assets, that is like the whole mine since 2001. it is traditional thing in markets that liquidating is going to run ahead of real demand, that is how you price discovery. not necessarily the reason things have got out of whack. to some extent, the bigger

the markets are fairly mixed. shanghai to mention the trade data that came out on the weekend. exactly in imports, not -- it does not exactly bode well. keep in mind we have had a fairly disappointing day so far from china. the exception is the forex reserves. weak dollar story, anyway. pmi data came out, not as good. import data, very bad. you could make an argument that way. risk appetite, they are not exactly at the idea level. india in lows. keeping things afloat in asia. one point 4%. mixed. strong dollar. oil was on the way up. it is actually looking much better in than the headlines suggest. david, thank you. david ingles joining us in hong kong. after we heard from saudi arabia over the weekend, the new oil minister, the wildfires in canada, let's bring in our guest, peter. great to have you on the program. what do you make of the moves we have seen higher in oil prices? wti rallied more than 70% from the oh most 13-year low reached in february. does this deal sustainable to you, or do we head back down at a moment

the shanghai composite edging slightly lower in china. the hang seng in hong kong down three quarters of 1%. nicole: let's look at europe right now as we look at down arrows across the board despite better-than-expected earnings for shall. right now we are looking at the london trend and down half a percent. german dax down half a percent. lauren: yesterday fell in his continuing in the free market. dow futures down by 57.8 nasdaq futures down by 18 s&p 500 down by a period a lot of reports coming out. adp private employment, factory orders, investors ahead of the reports. nicole: a look at oil and gold at this moment he had oil right now of 2 cents at 4366 a barrel. gold done seven and a half dollars. lauren: the euro, pound, canadian dollar, pace and japanese yen lower. nicole: a look at the 10 year treasury yield. what we saw yesterday was people running for the safe haven of treasury about rate hikes and will take a look at that in the little bay. lauren: regulator is expected to announce as early as today that 35 million million addit

in fact, the shanghai composite has been trading sideways all month. t people say that is head ahead of next month's decision. in the meantime this is what you are also getting. take a look at the yuan. thesen get all that charts online. goldman saying the yuan has been in weakness against the dollar and that is coming to an end. in may,point, down 1.6% the worst since its august valuation. that will put across to a five-year low. all of this will be exacerbated .y a federal rate hike that is why we have seen the -- five-year lows. says it is piling up that's when it comes to chinese stocks in anticipation of that. investors -- investors are hedging up. financial holdings say that these investors are betting on steeper declines as the yuan comes down. shanghai is down 21%. those companies are still looking overvalued when you look at their earnings. the focus on the yuan, we had some insight into how that -- reporter: it is interesting. this is according to a chinese civic. at aes have authority revealed that each day 14 contributors take into account t

the year. yvonne: ok. martin joining us from shanghai. data through production, this has on the opposite way, falling to a 40 month low -- 14 month low. so, we take a look at the data from over the weekend, showing the oil output is lighting. what is happening? is this a continuing trend? >> good morning. this date was set for this with opec maximizing production, so the world is awash in oil and we felt as prizes ball to a 12 year low. as prices fall to a 12 year low. and i have begun to cut back on production. we thought earlier in the year, the president saying that they would close those who had no hope of a profit. they are forecasting a drop, the first fall in production in 17 years. what we saw over the weekend was my .6%, the biggest drop since 2011. so, as china is one of the biggest oil consumers in the world, they will have to rely on public health -- someplace else. yvonne: oil refineries are running at records. we saw that with some of china's players. how they make up for the different? >> the demand is still growing, partic

the shanghai composite in china and that the session slightly lower. nicole: oil prices ignite the stock rally with crude oil back above $48 a barrel. this is the first time this year. 4779, up 7 cents. lauren: news that the canadian oil sands have been evacuated as strong when stoked a huge wildfire in alberta. we will have an update for you. train to a site to watch day, definitely home depot. we'll find out how the home improvement is faring. lauren: the golden state warriors beaten by the oklahoma state and run their own quarter. in the msl playoff from pittsburgh penguin msl playoff comebacks for penguins tied with tampa bay at one game each. highlights coming up. nicole: 5:01 a.m. in new york. we welcome you to "fbn:am," the latest breaking news and what to expect today i had. lauren: are you ready, nicole? voters in kentucky and oregon heading to the polls for their primates today as bernie sanders is expected to win in oregon and dakotas next month, kentucky has become a crucial battleground for hillary clinton. >> i've been called nearly every

in china the shanghai composite sliding 2.7%. lauren: after two days of gains let's check oil, $44.27 down 0.1%. nicole: the raging fire in canada burning an area the size of new york city as canadian officials begin airlifting people to safety. lauren: the shares rocket after charlie gasparino reported the government is close to ending its investigation. nicole: a triple overtime thriller in the hockey playoffs, the game ended a few hours ago. find out who came out on top at the kentucky derby. we have the odds on favorite to win. nicole: it is 5:01 am, friday, may 6th. your first look at what is moving into the markets, the latest breaking news, what to expect for the day ahead. >> paul ryan is not ready to support donald from. >> not ready to do that at this point. i hope to. what is required is we unify the party. the bulk of the burden on unifying the party comes from our presumptive nominee. nicole: republican national committee chairman rights priebus has a meeting with paul ryan. >> donald trump and paul ryan our meeting n

the shanghai composite down one and a quarter%. 1.5%. japan's nikkei virtually flat in korea's coffee down half a percent. lauren: flip to europe. mostly to the downside we have the ftse abundant pound .1%. and the cac also done a quarter of 1%. nicole: stock sold off yesterday 180 points. the configure step record futures this morning we see some affairs are virtually unchanged for the dow, nasdaq and the s&p. this is a fed rate hikes are back on the table once again. lauren: of oil at the highest level since it over 2015: back today. $48.17 a barrel. gold is down $4 to $1272 amount. nicole: on to elaborate. the center of the fed releases minutes from last month of may make us some indications about the future of interest rates. fed member sect interest rate than cap to bend their options on when to raise the next big mimic atomic data shows the economy is getting stronger and then speakers william and lockhart has hinted that interest rates could rise as soon as the fed's meeting in june. lauren: the home improvement chain is expected t

and keeping an eye on the markets, it has been a volatile start to the week. shanghai stocks tracking at a two-month low after the disappointing numbers out of china over the weekend. now the asian market is up 4/10 of 1%. and there is a solid again in the japanese equities. also reports that the japanese government could delay the plans for the biotech increase and that is pushing it out to over 1% when it went on the lunch break. good things coming out of australia led by the health care stocks and the 10 year bond yield going to a 10 year low. and gains coming through for the u.s. dollar, that is putting pressure on some of those asian market currencies. i will have more on the market, shortly. angie: thank you. uber's story this hour, chinese rival could be considering an ipo as soon as next year. wow. >> this is coming on the heels of them raising more than $1 billion from apple in bringing the total amount of the fundraising to $3 billion and with a valuation of about $26 billion. angie: what does it mean for over -- uber? >> they said that they want to hold off

you can see the shanghai composite in china was down just a bit. japan's nikkei at .4%. s the last day we'll hear from the bank of england. ahead of the referendum, whether or not british wants to make on june 23rd. everybody will be keyed in on that today. the london ftse down while the dax and cac both getting one third of 1% in germany and france. >> the retail sector's thoughts were his insiders yesterday in big consumer names really hit the market. the dow fell 270 points coming back today. dow futures higher by 51. s&p futures a day, nasdaq 20. nicole: oil and gold. moving higher to 4646 a barrel, up half a percent at 22 cents. pulled down seven bucks at 1216 at troy ounce. lauren: macy's with its worst quarterly sales since the recession sparking fears of a big slowdown in hammerstein in. macy's stock fell 15% from the biggest drop since 2008. sales at macy's stores fell nearly 6% in the most recent order, the fifth straight decline. the news ignited a selloff across mall owners, luxury brands and rival chains. this is the first major retailer to announce results f

reporter: kids and bigger kids rush to check out the biggest lego store in shanghai. the novelty factor is high. chinese children don't usually have much time to play. >> we want to put a good, playful learning experience into the hands and minds of children wherever they are in the world. when you have that objective, you can think of no other country that offers an opportunity to a greater extent than china. reporter: but adults are also a target. while it may be perfect for the national symbol, it would need to adapt the market it is selling to as this customer points out. >> i hope lego can produce our landmarks. we build oriental styles and lego should produce these officially. after several minutes experimenting, 17-year-old seems convinced. >> i like castles. castles are beautiful and i like your full houses. reporter: young customers will be key in the plan to take over china block by block. heavier: despite the new factory, china is going through a major transition into a high-tech driven economy. the country's young entrepreneurs are certainly dedicated to th

the shanghai composite is down 40% in the last year.he values are still quite elevated but not like we solve before the huge selloff last summer. nejra: given how much the shanghai composite has fallen, does the market still think chinese stocks are overvalued? sam: we mentioned the index, the , if you look at the member constituent companies, their average pe trailing is 97 which is pretty high. there is a sense that they are overvalued. whether that means there will be imminent correction, who knows. head of asia market structure, sam. thank you, very much. let us bring bob parker back into our conversation. you have made a robust case on where you see the currency going. the other big focus is with abe. he made a statement about global risks. he sees them possibly going back to levels that we have not seen since 2008. that is a rather serious question to raise on the global stage. everyone is talking about china and the wealth management project. how serious is this morning? by: i was quite surprised his comments. if you say we are g

coming up, we are going to be live at the electronics show in shanghai. ♪ the electronic show -- the ectronic show in a -- in shanghai. what have they got in the works? that -- beyondow that, it looks like the co is setting up for a futuristic set of hands. , the head ofe handset products spoke about a future where you could potentially upload your data into the cloud and downloaded into a robot, thereby achieving immortality. he spoke about reincarnating dead relatives in to take cloud. you can then have grandchildren communicating with ancestors through the collected data pity spoke about investing into this type of future. smartphones or something similar to smartphones, the internet between the digital world and the real world. theses why we think about issues a lot, not only for smartphones but communication -- but for -- take that with a grain of salt, because there were a lot of references to the matrix, talking about the potential for this to become a reality in the near future. this is day two. we have a number of great guests coming up in the next hour. based on the english

in asia second day of trading, check out the shanghai composite in china, this is the biggest daily gain. up 3.3%. goldman raises to about 70% and have them take off like that. by the way, $1.7 trillion track that punch -- bench mark. hang seng up and kospi up .8% in to the korea. nicole: all down arrows in the european markets. turning things around, two tenths of a percent lost. the cac quarante down and ftse down the same amount lauren: u.s. stock market futures are trading mixed. futures up 14. remind you 99 points this month. s&p down fractionally right in and out and nasdaq up 5 and a half points. >> nicole: let's see where oil is trading right now, up 14 cents and gold is pulling back just over 3 bucks. lauren: with all the speculation about what the fed will do in interest rates, the may job's report on friday takes on significance. analysts are expect today see 161,000 jobs created, that's a thousand more than the prior month. that's expect today drop to 4.9% from 5%. an average earnings, this is key, expect today rise two tenths of 1%, they rose two tenths of 1% in april. nicol

the shanghai composite fell, disappointing trade data from china. if we look at how europe is opening, we are seeing futures pointing higher. the majority is green on the industry groups on the stoxx 600. telecom stocks are actually leading the gains, up .3%. i will tell you more on that in just a second. we are of course, also watching oil, with wti holding above $45 a barrel. those are being driven by the wildfires in canada knocking about one billion barrels a day in output. let's move on to see how the market is opening across europe. if we can get the board of the stocks and a look at the stoxx 600 versus of course, the different countries. the stoxx 600 is up .5%. the ftse 100 is up .4%. 40 dax is up .2% and the cac is up .5%. now moving on to individual stocks. there was some quite strong calls on this. it is unchanged at the moment, but basically it is the world's biggest distributor of chemicals. fourth-quarter profits missed analyst's estimates because of the slump in oil production, hurting demand. back to you. guy: he is about to introduc

the shanghai composite close flat. e contracts fell by the most in almost two weeks. treasury bills, notes, in bonds are closed worldwide today. the yen sank to a one-month low versus the dollar, in the topix saw its highest

nicole: volatility continues in the asian markets, the nikkei sinking 1.4% overnight, the shanghai composite index edging lower. lauren: big lives in oil behind the stock market volatility, oil prices shooting up 8% over the past three days. now they are getting back $4.16 a barrel. nicole: the latest to report disappointing results getting crushed in the free market, down 17%, jcpenney reports later this morning. nicole: apple makes a $1 billion investment in china's version of uber as alphabet passes apple as the most valuable company in the world. nicole: mark sucker berg finally responding to accusations of a liberal bias in facebook's trending topics section. we will have his response. lauren: the oklahoma city thunder eliminates the san antonio spurs and the nhl playoffs the san jose sharks got past the nashville predators. those highlights coming up in sports. nicole: it is friday the 13th, welcome to "fbn a.m.," your first look at the day's markets, the latest breaking news and what is expected for the day ahead. lauren: breaking news donald trump narrowing the differences between th

the shanghai composite index in chinatown at quarter of 1%. n up 1.5%. and the cost being korea gained over 1%. he's a look at how we see europe to the upside as well as the cac in france of over 1% from the dax five as greece gets over 10 billion euros at the financial lifeline they are. dow futures after the game yesterday at 77. almost half a percent. the s&p right now up on the standpoint. here's a look at commodities. we've been watching the oil above $49. gold pulls back about half of 1%. everybody's focused on the fed and will continue to be a topic on wall street. to take you through the next several hours, maria bartiromo. >> hey, nicole. good morning, everybody. i maria bartiromo. top stories right now at 6:00 a.m. on the east coast. chaos in new mexico. new mexico. about directing outside donald trump's rally. protesters clashing with holy spirit come closer to securing the nomination outright with the win in the primary yesterday. for another big win, the endorsement of house speaker paul ryan. this has trump and hillary clinton ram

the shanghai composite was down. ou'll see in europe that things are stronger across the board. dax and germany are up by 1.86%. >>> we have a developing story out of canada impacting the oil markets. a wildfire h

the shanghai composite was up. the food and pharmaceuticals sector saw gains. analysts say many market players were cautious after recent media reports the government may limit stimulus measures. taiwan's taiex fell. shares in the philippines jumped once again, up by 3.09%, stretching a rally there to a second day following the presidential election. hong kong's index slipped. the financial and real estate sectors led the losses. sidney was up. it climbed to a nine-month high after oil prices rose overnight. here is a look at some of the other business stories we're following. a key indicator of the state of japan's economy has risen for the first time in two months. government officials say the upturn was driven by increased production of cars and auto parts. toyota motor restarted its assembly lines after an explosion in january after its group steel maker. japan's upper house has signed off on a treaty to help companies operate in iran, one of the world's major oil producers. the deal requires the country in e middl east t ensure japanese firms get equal tre

. >>> moving on in china the shanghai tumbling closing at 2832. worries over state of the country commodity. looking at hong kong index up by a fraction. despite a plunge in shanghai. >>> look at the markets singapore advancing by 1.3% finally snapping the ten-day losing streak. sydney ending in gains. investors picked up related shares in higher fuel prices. >>> here is a look at some of the other business stories. >>> japanese workers earn higher pay in march. a government survey shows wages grew at the fastest pace in five and a half years. the labor ministry said it has risen from a year earlier. >>> a japanese government survey shows that consumer sentiment worsened in april for the first time in two months. the consumer confidence index stood down from march. officials say a plunge in tokyo stock prices, higher gasoline prices, and earthquakes may have influenced the mood. >>> tv makers are rolling out new models on hopes that the olympics games will trig ur a surge in demand. south korea is featuring tvs with organic light diodes. the thin s

. -- the and 12 others shares have been something of a safe haven as they have outperformed the shanghai 20%osite down more than year to date. it's still the world's worst performing market. goldman sachs sees a 70% chance of success from last month. it is a hugely busy day for economic releases around asia. one of the busiest in a year. a mixed negative picture. in april byising three tens of a percent from march, better than estimated. at a fallingng 3.5%. meanwhile, household spending a key driver of the economy falling by 4/10 of a percent. it really underscores the lack of confidence, the fragility of the recovery. we did hear from lawmakers yesterday. moving to south korea where we had outfit numbers out today. 2.8% down on year. we correct's board's come a corporate restructuring of shipbuilders holding demand and sentiment in south korea. we are getting readings of inflation and trade numbers out on wednesday. rishaad: one mdb had missed two payments on other securities as it squabbled with an investment firm that guaranteed the dead. was one mdb able to make this payment when th

in the asia-pacific region. shanghai jumping to 3.34%. 2,916 the closing number. sentiment supported by the speculation that u.s. index provider msci would add chinese shares to the chinese emerging markets index. trailer declined by .5%. it's four days of gains as investors were cautious before the country's gdp figures are out tomorrow. seoul's kospi index advanced by 0.8% as we see there to finish at the highest level in four weeks. hang seng gained. indonesia declining.8% on profit-taking. here is a look at some of the other stories we're following today. >>> japan has ear-marked about $770 million to help smaller businesses and tourism in the southwestern region affected by april's earthquakes. $150 million will go toward infrastructure and farming. the money will come from a supplementary budget of about $7 billion set aside for kumamoto and nearby areas. >>> japan is aiming to prevent another butter shortage by bringing in more supplies were overseas. the agriculture ministry plans to boost import to 13,000 ton. decline in dairy farmers represents a continu

the hour. manus: volatility takes on a whole new meaning. shanghai let's take those price ranges and talk about volatility. this is what i want to show you, we have on the white line you have the topics 30 day volatility. line.s trumping the blue the topics volatility is ratcheting higher. the difference, it is the highest since 2014 and it is all about the perception of policy. what comes next from the bank of japan and the shining equity story. that makes the futures market makes chinese equity volatility look tame. what comes next, the chinese are trying to suppress volatility. think about everything they're doing. on the flipside of that, we're waiting, waiting for the bank of japan to act. that is the reason why there is extreme movement in volatility. we saw that in the fx market. the yen has had a nice big rally, the biggest two-day slump in three years in dollar yen. that is inextricably linked to what happens next on this equity story. for those whoity want to be precise. it is ratcheting higher. you know i like a ratchet, anna. it is puttin

china is the outperforming market -- 2%. shanghai composite, other metrics, also showing very sharp gains. the index gaining the most since march. the story is coming down to speculation that the msci, the index compiler, will be including a shares in the reaching of these indices. they includewon't it? investors are choosing to focus looking at how these brokerages that financials trading on the chinese markets. currencies, the past four days, what's been happening in the next few days -- at the moment, trading sideways. traders are still trying to reprice the fed rate hike. dollar-yen in the meantime -- there we go, back above 1.11. call it flat. we have seen dollar strength for the most part in may, a rally into this morning. a bit weaker midmorning, and some of these asian currencies are just getting traction. that takes into commodities. have a look at where we are. mostlyger picture is positive but oil prices are very much in focus ahead of the meeting. oil prices have rallied, the longest run of monthly gains in a half decade.

all across the eastern side of china except for shanghai looking for wet weather. 27 in shanghai, 23 tokyo under partly cloudy skies. the forecast for north america. we've been monitoring this frontal passage that has been making its way all across the united states as we went through this week. as we go forward in time it is still going to create an instability, looking at the possibility of seeing some thunderstorms along the carolina coast and toward the south. some of them may be strong. another low pressure system is dropping in from the north and will bring a chance of severe thunderstorms as well throughout the day on friday. so large hail, strong wind gusts, lightning and tornadoes all part of the concern here. back toward the desert southwest looking at the possibility of some dry thunderstorms. that can create some concerns when it comes to fire danger, so please be on the lookout for that. wet from new york into washington, d.c., also thunderstorms toward atlanta. chicago looking at a chance for rain. snow into winnipeg as cold air is forcing itself down to the south. look

debt shanghai street. ucsf the financials up. more bloomberg markets coming up. ♪ we spend a lot of time talking about the chinese economy, focusing on the pboc. numbers get lost in the are china's citizens grappling daily with the new economic reality in that country. on five of focus is his neighbors in shanghai, in a city of more than 15 million people. rob: china has gone to a point where everyone has made my. that was -- made money. that was the goal for 20 or 30 years. that was the goal for the government as well. so everybody is on the same page. now everybody's dreams are going in different directions. they are looking for religion. they're looking for equality. they're looking for justice. and the party is having a difficult time with this. that is part of the reason why jing paying -- xi jinping is a jury and that puts the party first and the people second. david: you focus on the street that you live on. there is an unofficial mayor of that street. homeless ony who is a street where he lived for a long t

the shanghai composite index in china up one quarter 1%. hong kong hang seng down one third of 1%. lauren: europe stocks are traded to the upside. trenton upside. ftse in london at the third of 1%. and the cac in paris had 16 points also 31%. ftse the last 140 on tuesday, about 100 yesterday. dow futures and s&p futures up 11. lauren: good memory, nicole. oil up with a potential threat to wild fires in canada were a lot of l is taken from the ground. for the $4. 12.78 announced. nicole: to bring publishing house to check it and offered to buy a company for more than $380 million. they understate the company's true value ends at the best interest of the shareholders. jumping 4% in after-hours trading. several other newspapers. jeannette owns "usa today." a public proposal to buy tribune last month. lauren: 21st century thoughts reporting high results a year ago from the company's cable business to 21st century thoughts posted an adjusted profit of 47 cents a share on revenue in the cable division at 10%. twenty-first century fox is the first century fox is the parent of a font busine

and the shanghai composite, off by 0.25%. did get the disappointing data yesterday out of china but the shanghai has continued to underperform when you look at the gains of late. sigh the composite there. and sauce trailia's main market up by 0.7% this after it came in more dovish than expected. let's take a look at air bag manufacturer takata they are recalling an additional 14 million in the u.s. the total recalls now about to reach 120 million units. hi, mikiko. >> hi. all air bags that use ammonium nitrate that don't comprise a dry agent. it causes the air bag to explode which sends shrapnel flying which in some cases can kill the driver or passenger in the car. and now the japanese authorities have also instructed the carmakers to recall all takata made air bags that have no dry agent added which is seen to affect an additional 7 million cars. honda awhich has the largest number of cars using takata air bags so far has called 30 million units and another 20 million use passenger side air bags. honda has shed 25% of its r

the shanghai composite, just opening up. a look at where we are as far as the bloomberg bond index for the country. we have seen a rally, a five-month rally that stalled over the last few months. when polls started to show that he was in the lead to, late march, early april, that was what we were seeing across markets. look at this next one. credit default swaps in the country, or default risks. this shows you the spike, that is not it. is the tickerhat at the bottom of your screen. he came out and responded -- can we get up this graphic so the viewers can see what he said in response to his policies not having substance? he said why would i attempted to be a smart alec. if i am president, i would employ the smartest minds in the country. and pay them well. if they are not impressed with me, then i am sorry. markets open up in a few minutes. casinos, conferences, and chinese visitors, coming up. we are looking at how singapore has become an unexpected hotspot for tourism. last day of the trading week in hong kong and shanghai

we could see the shanghai have more downside volatility. abigail, thank you. fascinating chart. ng ego data --34 minutes time it eco-data crossing in 34 minutes time. futures are positive and globally come equities are rallying. the rally continues. ♪ david: east meets west. china wants know when u.s. policymakers are likely to act. china's reduss flags. jon: the $3 trillion hedge fund industry may lose assets in the next year. vonnie: does hillary trump the donald? the history ofat democrats versus republicans. which will be better for wall street? david: welcome to the second hour of "bloomberg ." up, we will bring you sound from sir richard branson. it explains what a brex could mean for europe and the rest of the world. vonnie: blackrock's chief investment strategist for fixed income joins us. today, big markets two days of gains. higher,keep pushing another 75 points. features positive, dow futures up 40 points. switch up the board very quickly. a stronger japanese yen. yields at 1.86% on the u.s. 10 year. crude up one full percentage point. -- wti crude up one full perc

we'll see how the shanghai composite kick off this friday. back to you. >> absolutely. sounds good. thanks a lot for that update. >> there are fewer kids around due to the country's low birthrate. some of the small shops are not ready to write it up just yet. >> reporter: this shop has been this business for about 40 years. this elderly couple has run the shop but times are tough. >> translator: we barely live on our pensions and profits from the shop combined. >> reporter: specialty shops are on the way out. more than 100 kinds are sold. customers can eat all they like for a table charge of less than $5. it initially targeted middle age customers looking for a nostalgic culinary treat. the owner was surprised to find that many young women are fans too. >> it's great because i can eat sweet and salty treats. >> reporter: yet they haven't forgotten about their main customer base. they figure a new generation of kids might like the cheap, old sweets. in november last year, a wholesaler opened a huge shop in an old warehouse. he's made it child friendly by attaching a price tag to every

we are below the pivotal point of 3,000, up by 2.8% for the shanghai composite. this is a pretty bad number, whichever way you slice it. on the export front. on the import front as well it was well below expectations. so i think the focus is going to be on the pboc in terms of further stimulus measures. it does build a case for more accommodation. it will be very interesting to see where the currency goes as well. depreciation pressure remains. let's not forget the official front page article in "the daily" today saying they expect to recover meaning that beijing is managing expectations in terms of lower growth. elsewhere, commodities resources divergence there, metal prices are down sharply. editing was quite possible. consolidation let's call it. all in all, not the most inspiring of sessions to kick off the week. pack to you now. >> that's right, sri, the l-shape is not inspiring investors. thank you. investors are also keeping an eye to the oil price as we saw a drop in the weekly price. but today we are seeing a rebound in wti and brent. both the wti and bre

the shanghai composite is up with the markets having their first go. private gauge coming, at some point. also, this was news in late april that regulators are starting to crack down on speculation, when it comes to a lot of the secret funds in china. we're looking at the tables of some of these debt reforming contracts in china and there is a crackdown there. is stock i want to point out picc. opping thensurer dr most right now. a hefty stake in the company. what are shares doing? they are down and can we get the shares of picc up? it is towards the lower end of the marketed range. now, look at the box here with adr up and we are getting signs this is a drop in revenue with cuts seeming to stabilize less april.pected in the drop in revenue is 10%. earnings, i mentioned that. hsbc coming out with the chinads today and construction is very interesting and these stocks give you an accurate cross-section of what is happening in the industries with the construction back up half of 1%. markets, compared to this time last year, are not doing as well and the

the shanghai market down by .25%. the hong kong market down by 1%.ll an hour to trade, but that is a three-week low for the hang seng index. australia giving back much of the gains that it had yesterday on the surprise interest rate cut due to the weakness we have seen in energy and mining players dragging the region lower. that is its longest losing streak since february. we are back to where we were on the beginning -- at the beginning of the year on that index. the rally we have had in the last few weeks has not even happened because it has been reversed in the last couple of sessions. having a look at bhp billiton, you are seeing its share price falling the most since 2008 as the brazilian prosecutors puts their case towards the hp and vale. -- bhp and vale. it doesn't think will be about 218 million dollars for the year, sending its share price lower. oil producers coming under pressure in the region, dragging on the regional index. emerging-market currencies also coming under pressure. much indeed.u very let's turn our attention to what is happ

the shanghai ended a fraction higher. 2832 the closing number. many investors still concerned about china's slowing economy. share prices in the philippines. meanwhile, advanced one day after the election there. up 2.6%. a wide range of shares were higher following news reports that rodrigo duterte will be the next president. the hang sang up .4%. as x200 gaining by .4%. banks saw gains but resource related shares ended lower on falling prices of iron other and oil. here is a look at some other business stories we're following today. >>> auto parts maker takata projected in fall into the red for the second year in a row. the firm forecasts a net loss of $120 million for the last business year that ended in march. the u.s. department of transportation added up to 40 million air bags to its recall list last week. the move prompted officials at japan's transport ministry to construct takata and others to conduct additional recalls in japan. suzuki posted a higher operating profit. the chairman of suzuki said his company is rechecking the accuracy of

gdp figures on wednesday. >> phoebe, thanks very much for that. >>> moving on to other markets, the shanghai composite was off 25% closing at 2,843, lingering concerns over the country's economy continue to weigh on sentiment. taiex at 8,140. apple parts suppliers after buffet announced purchasing a $1 billion stake. singapore jumped 1.7%. indonesian shares dropped down a fraction following a weak earnings report from a major bank. sydney adding .7%. rising commodity prices lifted the heavy index. here is a look at some of the other business stories we're following. >> business leaders from japan and south korea are meeting in tokyo to discuss ways to e expa indudustry coopereration. about 300 people representing companieies an business organizazations are t taking pan the two-day annuall foforum. they're talking about energy development in emerging economies and cooperation and distribution in other fields. japan's government has drafted an economic and fiscal policy plarnl that puts top priority on tackling an aging society with a low birth wait, discussing eliminating waiting lists for ch

we'll see how the shanghai composite opens. back to you. >> thank you. hob lbies are usually done for phone. a growing number of people are using the internet to make money for them. >> reporter: he draws cartoons as a hobby. he found a website where he could up load his pieces. his cartoons became so popular, he quit his office job. >> it gave me chance today back to you as a cartoonist. i want to keep using it because the site keeps me very close to my fans. >> reporter: another website made people who want to learn skills as teachers. this instructor is teaching back flip. he's an actor of action scenes and directing students include this class. the class learns five times a month. he started it to earn extra income. there's no registration or monthly fees. students pay on a class by class basis. >> i decided to participate for no particular reason. i can't believe i've come back more than ten times. >> if possible, i would like to add two or three more of these classes. >> reporter: as for thousands of classes posted on the same website, along with pa