global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. it is 1:00 in new york, 5:00 in london, 1:00 a.m. in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." on bloomberg world for critters in new york, here are the top stories around the world. special counsel robert mueller clears president trump of collusion. how are market digesting the latest on a washington, d.c.? assuring a new era for apple.

global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. very much. you we are live in geneva where europe's biggest motor show kicks off this week as emissions regulations kick in, how are carmakers progressing in the shift toward electrification? matt miller will be with us, we will talk about what is being discussed behind the scenes in geneva. bloomberg radio is live on your mobile device or dav digital radio in the london area. this is bloomberg.

global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. guy? guy: thank you very much indeed. coming up later in the hour, we will hear the highlights of bloomberg's conversation with bill gross as he retires. that is coming up. this is bloomberg. ♪ ♪ guy: live from london, i'm guy johnson. vonnie: live from new york, i'm bicycling. this is "bloomberg markets." there seeing a bounce for first trading day in march. here is abigail doolittle. dow,il: take a look at the excuse me, the s&p 500 and the nasdaq, up a little more than half a percent. the first update in four. the bulls really trying to take charge. that started in china. .9%.ax is up 9% -- is up relative of coming off the hi, let's look at the chart in the bloomberg that everyone is talking about. this is the one year range of the s&p 500 and buyers and sellers got overexcited at certain periods of time. it is going to be interesting to see resistance caps off as investors and traders pay attention to valuat

follow all the story is -- all these stories on your terminal at tictoc on twitter.aine: uber's new ridesharing company renting out kitchens .pace it puts were in competition with the startup by co-founder and board member travis kalanick. eric newcomer joins us now to talk a little more about it. this is apparently enough of the thing that you have the former man who ran uber and cofounded it now competing with his former company in the space. >> were still trying to get the language. virtual restaurant, you have travis with his cloud kitchen business. they are running sort of a kitchen facility for restaurants that want to deliver quickly and quickly spin up those kitchens. serversyou can get quickly, now you can get a restaurant quickly. uber is similarly experimenting with that idea in paris on their own. exist now, like if i order something tonight, could it be that i don't know if i'm ordering from a cloud kitchen or virtual restaurant? >> for sure. in l.a..business is they will expand to san francisco and chicago and keep growing. there is the potential that y

tictoc on twitter is reporting there are now more millionaires in the u.s.e entire population of sweden and portugal. 10.2 million households have a net worth between $1 million and $5 million. you can follow all the stories on the bloomberg terminal and on tictoc on twitter. joe: now, the unveiling in just hours. elon musk will debut the brand-new model y. the electric crossover suv. buyers will have to wait a few month before getting behind the wheel. let's welcome jim osborne joining us from stamford, connecticut. thank you very much for joining us. big picture, the concern over tesla's demand is finite or not that great. how much does the new model y change the picture? >> it could cause more problems than help in the near term. you can see model 3 buyers delayed their decision until they get more details and comfort that the y is coming up considering elon musk said it will only be 10% more expensive than the 3. something to watch but the model 3 is having difficulties in the early innings of 2019. romaine: what do you think with regards to the ability

check in on what's trending across the bloomberg universe on tictoc.f the top 10 most polluted cities on the globe are in india. this is according to a new study. isbloomberg.com, dirty money europe's resistance to joint -- we're talking about money laundering. made aw one investor $211 million emerging-market bet on etf's. is terraced mantra set to --ent over a $100 billion president trump set to preside gap?a $100 billion tradeg gohn has beens released on bail. he had been detained since november. prosecutors still have the option of requesting him on new charges. his lawyer said he won't brief the press today. to be released today may show the u.s. trade deficit with the rest of the world has topped $600 billion. this traded shortfall is the main metric by which president trump judges countries to be winning or losing. it would be during his two years in office, it will have grown by more than $100 billion. wall street is nearing a fixed coastal cleanup with the shadiest corners in finance -- the $8 trillion cbs market. .- ctf market. north korea is

tictoc on twitter is reporting that the first underwater restaurant is in norway.s as a research center for marine life. its walls are more than three feet thick, built to withstand the pressure of the icy waters. you can follow all these stories on your terminal on bloomberg.com and tictoc on twitter. romaine: breaking news moments ago. interest filing for their ipo, the image-based social media site coming to the market among a torrent of companies. us now to discuss this is bloomberg's elizabeth fournier, who covers the ipo market for us. interest is a company with decent revenue, but why are thinking this up? we weren't expecting this for a couple more months. >> the window seems to have slammed wide open for the ipo's. april. expected in it seems like it is accelerating. people are going while they can. joe: how sustainable does the business look? some of these losses are so gigantic and there still seem to the questions about whether they will get to profitability. does this look like a company that has a clear path to making money? >> it has shrinking losses

tictoc on twitter is reporting that spacex canal ferry astronauts to an from the international spacetion after successful launch and docking of the dragon capsule. it's designed to eventually .arry astronauts follow all the stories on your terminal on bloomberg and on tictoc on twitter. romaine: cloud computing stocks have been one of the best performers, the sector outperforming the broader market for some time now. we have a slew of earnings from a lot of the big cloud computing companies and sell force out today. a senior analyst for bloomberg intelligence, who joins us by phone. when i look at the sales first -- self -- salesforce are earning's, by any rational measure it would be considered a good thing. we're seeing the shares fall a little bit, predicated on the idea that growth, while still fairly high, is slowing from the pace that investors have come to expect. >> when it comes to a company like salesforce, when you look at sales or earnings growth, it's one of the better positioned companies in enterprise software. all caps companies have done really well over the last 16-

tictoc on twitter is reporting the world wide web is turning 30 today.nder has submitted a vague but exciting proposal for a free space for everyone to share their knowledge and ideas. follow all the stories on your twitter.or tictoc on operation varsity blues. the $25 million plot to get your kid into college. today u.s. officials charging dozens of parents on the university coaches, and an admissions counselor in a sweeping criminal conspiracy that help kids get into some of the countries top schools. x these parents are a catalog of wealth and privilege. they include, for example, ceos of private and public companies, successful securities in real estate investors, two well-known actresses, a famous fashion designer, and the cochairman of a global law firm. based on the charges unsealed today, all of them knowingly conspired. laurent's bring in janet and tyler callan, who joins us by phone. tyler, i want to start with you. how surprised argue that this is going on? an elite professor at university. tyler: not very surprised. i think it is a sign that

follow it on bloomberg.com and tictoc on twitter.: we are learning that apple won't be facing an import ban on some of its iphones after u.s. trade judge ruled the tech giant infringed upon a qualcomm band and some important iphones should be blocked as a result. yorkeporter is here in new and selina wang is in san francisco. i've covered a lot of these i.t. cases and they tend to drag on forever. is it going to come down to an issue where and not going to be able to walk into a store and buy an iphone? >> even if they find there's a violation of that in, they can say it's not in the interest of public policy or consumers worldwide to enforce the ban and force apple and qualcomm into the room to potentially find an amicable decision. , from a legal perspective, a ban is unlikely. joe: so what is a plausible thing that could happen after they go into the room? >> both cases are posturing ahead of a potential royalty settlement between qualcomm and apple. apple says i used to buy your chip and i don't anymore. as a result, i don't need

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am debra mao. this is bloomberg. manus. manus: thank you very much. the federal reserve stuns economists and investors with an even more dovish tone than was expected, taking any chance of a rate hike off the table this year while leaving the door open to a cut. >> we don't see data coming in that suggests we should move in either direction. it suggests we should remain patient and let the situation clarify itself over time. when the time comes, we will act appropriately. the said abandoned projections for a resumption in hikes this year and signaled a swift end to the balance sheet contraction. this is what we have on the mliv. cranfield.e -- mark the tcu this morning. goodd this introduction -- to see you this morning. i read this introduction. on thee a doubling down message or was it trying to get ahead of the patience? mark: he is trying to give himself plenty of room. the data has started to look a bit poorer. there is also the possibility

global news 24 hours a day on air and on tictoc on twitter. this is bloomberg. back to you.rancine: thank you so much. the geneva international motor show is getting underway. one of the biggest event on automaker calendars. and as the industry deals with uncertainty and the threat of trump imposing tariffs on european autos. we spoke to the volkswagen chief executive about this issue. >> we have been talking to the trump administration and a european administration because it could cost us. america is a very important market for our brands. porsche, audi mainly. we are trying to really avoid this conflict. francine: matt miller, anchor of the european open, at the big event standing by with another chief executive. over to you. matt: thanks. i'm here with the ceo of lamborghini. pleasure to talk to you. let me ask you about this electrification push. it is really the theme of the show but leonard jeannie is all about internal combustion engines. how much longer will that last? stefano: we are different from the others. no doubt about it, we have to be ready for the shift of

global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists andlysts in more what i0 countries. -- >> can say is that it is clear that this is one of new zealand's darkest days. matt: good morning and welcome to bloomberg markets. this is the european open. : good morning once again. let's talk a little about what has been going on in westminster. yesterday wasn't so bad. theresa may managed to get her motion for a delay to the brexit -- a delay to the exit date, she managed to get that through parliament. things not so that there. there were two strands we need to know watch. it seems as she is point to parliament next week for meaningful vote number three. thate is successful, promise a short delay request to june. 27 for the end of the alternative is a plan b, that is what jeremy corbyn and others seem to be working on even the scenes. that is still very much on the table. options, and no deal brexit is still very much on the table. the 29th of march remains in the legislation the date that we do brexit. we will have to wait to see what kind of

global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. woes and a dropping oil supply. these are two concerns that sent stocks and oil retreating. we saw ge tomball after cash flow warning from the ceo. >> we saw the s&p 500 fall to a three-week low and it is now on track for the worst week of the year so far. we saw health care stocks and oil related stocks among the biggest decliners that wade things down. let's look at the big movers and take a look at what they were. ge down for a second day. the ceo warned of a definite problem with cash flow which will add complexity to the turnaround. american eagle was up in regular session than fell after hours on a disappointing outlook. amazon seeing weakness although it's announcement for a joint venture with j.p. morgan chase to handle health care really took a dent out of a lot of health care stocks. let's look at the bloomberg. gtv is where you can find this. this has to do with the fact that it was eight days and at the end, nine days

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. thank you. president trump continues to sound optimistic about the trade talks, yet some u.s. officials are said to be concerned china is pushing back at various demands. tom mackenzie watching this. tom. do we know exactly what china is backtracking on? it seems that they are taking a tougher stance now. ishardening -- the line heartening from the chinese perspective. they have made movement on the intellectual property regime, which they have strengthened, and this foreign investment law. mixed reception from the business lobbies. these two areas, from the chinese perspective, are a significant example of them trying to move forward. one thing they wanted in return was a commitment from the u.s. that tariffs would be removed on chinese exports. they have not had that commitment because the u.s. is discussing whether or not to continue to have the possibility to use terrorists to enforce any toential deal,

global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. be talking about why any trade deal between the u.s. and china be fragile and brave. the nextr guest says major event will be a recession. solutions multi-asset see is a downturn coming. this is bloomberg. ♪ shery: counting down to asia's major market open this morning. we could see a second consecutive session of gains. this on the back of predominant losses last week for the nikkei and japanese stocks in general. 111 .27.t our next guest says it is behinde the fed could be or ahead of the curve. bit withcuss a little the chief investment strategist. we know that patience is the name of the game. the only other question we are waiting for is when they unveiled the plans for the balance sheet. it feels like every day, we are getting downgrades to global growth. i think it is great news that they decided to when they did. been hard for the economy to get over that, in light of the global slowdown. i think that

global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. nejra: thank you. now let's get to our exclusive interview with the mizuho ceo. he says the fed decision to put interest rates on hold came sooner than he expected. >> my impression is global landscape has started changing. with a reversing of the yield curve symbolizing the trend. that happened in 2007. i think we have come to a time when we raise the level. there is a timeline. in 2007, the recession came about one and a half year later. i think it is a matter of how to view the situation. dollars have to be bought in crisis, but the same trend is the nguyen the yen. we are seeing yen buying when the situation gets uncertain. this is something we have to watch out for for a different trend from last year. pay close attention to the economic situation of china and others, especially because japan is affected by them. >> an up move for the economy as well as interest rates while boj is sticking to the price target. policy. easy m

global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. >> thank you. another major story we're tracking today -- tesla reaching an agreement on more than $500 million in loans from chinese banks to build their giga factory in shanghai. david welch joins us with details. imagine tesla is glad for this positive headline for a change. >> that's right. they raised $521 million and freed up some other borrowing, upwards of another $200 million, which is necessary because they want to start building model 3's in china by the at the year. they have been saying quite some time they were going to raise money from local banks. this is the culmination of something big for the company. he has been negotiating this deal for a couple of years, so there is as much demand for electric cars in china as elon says, it could be quite a coup for the company because they want to start building by the end of the year. >> this, of course, comes fresh off tesla's largest ever debt payment last week. how solid is their financia

global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. wang.lina this is bloomberg. u.s. aviation regulators have taken a change of course and are now grounding the boeing 737 max 8 and 9. the u.s. was the last major domino to fall. after the president's tweets about planes being too complicated yesterday, he also played a pretty major part in this decision. and he was the one who pretty much announced what the faa has already said that they are going to reverse course. donald trump said that he is looking out for the safety of everyone, not just the american people, but all people. he says that is paramount in that led to this statement. anwe are going to be issuing emergency order of prohibition to ground all flights of the 737 max 8 and the 737 max 9. in planes associated with that line. ramy: donald trump has said he hopefully sees that boeing will quickly come up with some answers. of course, boeing has taken a huge hit with market cap loss in the billions over the past week or so. the faa has cit

day onnews, 24 hours a air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. david: still ahead on the program, we will discuss the outlook for credit ratings among emerging markets in the region. growth about global slowdown and the fed reiterating its patients. slammed the door shut for trading. we will discuss that next. this is bloomberg. ♪ rishaad: we are back watching beijing indicating progress in trade talks. push: china continues to back at some of these u.s. evidence, especially when it comes to their currency. >> we have asked for currency stability, no manipulation. number two, we have asked for greater transparency. transparency in this case means, we would like to know, as quickly as possible, any currency interventions undertaken by china. china and the u.s. discussed how to respect the other monetary authorities autonomy in monetary policy. secondly, the two sides discussed how both should observe market oriented exchange rate mechanisms. thirdly, the two sides should observe earlier commitments ma

global news 24 hours a day, online and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. ♪ vonnie: i'm vonnie quinn. joined by our audiences. vonnie: here is what we are following from around the world. u.s. officials preparing a final -- that president trump and president she easing jinping could look at. --o an inside look let's get a check on major averages. we started high this morning. we have been coming back in. the dow jones industrial average is a quarter percent. nasdaq of .6%. growth, because amazon may be opening grocery stores, not to compete with whole foods but to compete at lower price levels. some stocks that might be impacted our. walmart 8/10 of a percent. kroger down 3.6%. but has calledr back to level. on the canadian dollar, negative free of gdp at the end of last year and that took a toll with expectations that the central bank will not raise rates anytime soon. you can see the reaction, .erilously close to a recession most concerning is that it was nonresidential investment that

global news 24 hours a day, on air and at "tictoc" on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark, and this is bloomberg. >> live from the world headquarters in new york, i am vonnie quinn. >> live in toronto, i am amanda lange. we are joined by our bloomberg audiences, and here are the top stories from around the world. shale, the u.s. economy added the fewest jobs in february 2017 even as wage gauge cited -- pointed to a tighter labor market. the prime minister is trying to do damage control in the wake of a scandal. breakup, elizabeth warren wants to split companies amazon,ebook and calling them anticompetitive. let us get a quick check on the major averages, and we have seen real reaction to some economic job that includes the forure, surprisingly weak the u.s. and we have seen that across the board, the s&p weak in every subgroup. the industrials are leading the way, but big tech and oil are standouts. he mentioned that decision by norway that is having an effect. we are some -- we are seeing some of the biggest names. the s&

global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. vonnie: live from bloomberg headquarters in new york, i am vonnie quinn. amanda: from toronto, i am amanda lang. welcome to "bloomberg markets." top stories from around the world -- another brexit defeat. u.k. perlman had an per minister theresa may at third rejection. the eu calling for an emergency summit on april 10. we will have the latest. and we have liftoff. lyft soaring in its debut after raising more than $2 billion in an ipo priced at the top of its elevated range. dirty little's secret, look inside wall street's etf tax dodge. vonnie: a quick check on major averages. .4%.&p up the dow is up .5%. and the nasdaq is up .5%. the lyft ipo adding optimism to the market. it is struggling to stay little higher this week. i am looking at celgene and distal myers squibb. that deal getting the go-ahead. very important because wellington and others tried to stopogether, and it is not certain it will happen. the shareholder advisory fir

global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists andlysts in more than 120 countries. this is bloomberg. nejra, manus? manus: olivia, thank you very much. coming up, ignore the u.s. at your peril. the co-ceo of life averaging says a trade war with china remains the biggest threat for investors. we bring you our exclusive interview. and if you're traveling to work, you know to do. listen to bloomberg radio. nejra: we get -- we both want to talk about radio. we love it so much. live on your mobile device or dab digital radio in london. this is bloomberg. ♪ manus: this is bloomberg daybreak: europe. i'm manus cranny in dubai. nejra: i'm nejra cehic at our headquarters in london. manus: let's bring you our exclusive interview with of the ceo of standard life aberdeen. martin gilbert says the u.s. stock market and economy are doing well. he also weighed in on president trump's comments on america's currency. ourselvesot to ask why he's commenting on the dollar. he clearly once it weaker, of course, to boost exports and continued growth in th

. >> global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalistslysts in more than 120 countries. this is bloomberg. anna: thank you very much. , jaying the deflation trap powell says interest rates could be on hold for some time as price pressures remain muted. at his press conference after slashing projected rate of global20, signs to slow the decided drawdown of bond holdings in may before ending them in september. the market reaction was seen in bonds where 10 year treasury yields fell to the lowest level in more than a year. the conversation with hat trick armstrong in the last half-hour -- patrick armstrong in the last a view sharedis by a lot of investors. matt: it has also probably worried previous fed chairs. ben bernanke and janet yellen avoid looking like they were playing into asset prices. , justr huge story, boeing weeks after the lion air 737 probe was begun on the faa approval of software and why boeing did not flagged this feature -- did not flag this feature in the manual. thank you for coming in. i know lufthansa has almost no 73

on tictoc, where is the world's dirtiest air?olluted cities on globe are in india according to a new study. on bloomberg.com, dirty money. is europe's resistance to joint policing of its financial system coming home to roost? and our most read story on the bloomberg terminal, how one that -- betes a 211 . a trump set to preside over 100 billion dollar jump in the trade deficit? let's get into the discussion of what self-made billionaire means. there's been enough of that. money laundering allegations drawing in more european banks, originally centered on deutsche bank. lost half itss market value over the past 12 months since admitting its role in on money laundering scandal. let's bring in bloomberg's managing editor. just give us an update on how this story developed this week. >> good morning. he keeps getting bigger. tomonday, investors woke up the prospect of having a big report. there was a panic selloff. investors were slightly relieved. the numbers did not seem as bad as they feared. there was a much bigger report release

global news, 24 hours a day on air and at tictoc on twitter, powered by more than 2,700 journalists andnalysts in more than 120 countries. i'm annabel gillis. this is bloomberg. yousef? yousef: our top story, jay powell repeated interest rates can remain on hold as policymakers -- and policy is new in an appropriate place. the fed is looking at growth, job numbers, and inflation as it considers its next move. he said his watching china, europe, and brexit. >> patients means we don't feel any hurry to change interest rate policy. what's happened in the last 90 or so days, we've seen increasing evidence of the global economy slowing down, although our own economy is continuing to perform well. yousef: his comments come after payrolls came in 20,000 for february, the fewest jobs added in a month since september of 2017. wage gains indicate tightening labor market. the head of debt capital markets at the gulf investment corporation joins us from the line from kuwait city. the strategists we spoken to underscore that the fed's view is better expressed in the rates rather than the fx market.

global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists andlysts. this is bloomberg. thank you so much. coming up, singapore joins china and indonesia to become the latest nation to ground 737 max planes. we look at what boeing may do to address growing safety concerns. manus? manus: indeed. if you are traveling to work, you know what to do. bloomberg radio. it is by your side, in your pocket, on your desktop when you get won. it -- when you get there. digital radio in the london area. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." nejra cechic in westminster for today's brexit quote. manus: i am manus cranny in dubai. another grounding of the boeing max 737 after the crash in ethiopia that killed 157 people. the decision comes even as u.s. regulators deem it were the, and , and boeingrthy says it is safe. stephen engle is tracking the story. where do we stand right now? this was the pivotal moment on the faa ruling thus far. wideen: the faa ruling has implications to airlines and regulators around the world. if they did a b

global news, 24 hours a day, on-air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. yousef: thanks, annabel. still ahead, a scramble for the surgesost of borrowing in three days. and more on what is happening in a critical election. ,p next, the brexit stalemate rejecting all options on the table comes a what exactly comes next? this is bloomberg. ? -- this is bloomberg. ♪ x saying the expansion is going to be funded through existing cash. we'll see how the stock opens later in the day. story,et back to our top u.k. lawmakers have voted on a string of brexit options that failed to put any of them. theresa may promising to resign if they drop opposition to her deal and ratify it. butral hardliners agreed the hours part of that propped up the government so far refused to back her deal. but who wanted to get a deal that works for all of the united kingdom, deal that works for northern ireland, but now we are in a situation where we cannot sign a withdrawal agreement because the prime minister decided to go for the

comel news 24 hours a day on air and on tictoc on twitter, in more than 120 countries. this is bloomberg. british lawmakers will vote wednesday on whether to leave the eu without a deal after rejecting prime minister theresa may's latest plan. may taking a revised deal to mps, hoping new language on the so-called irish backstop would win them over. clear, voting against leaving without a deal and for an extension does not solve the problem we face. eu, the eu will want to know what deals we need to make such an extension. this house will have to answer that question. hoarse theresa may. let's discuss the implications. our reporters are with us in singapore and london. it is 992 days since the brexit referendum. it doesn't seem we are any closer to a deal. next?s >> now the focus turns to a vote tomorrow. this is on whether we should rule out no brexit. if that passes, there may be another vote on extending brexit later in the week. mps are likely to back that one. the attorney general says the extension seems inevitable but of course we need the permission of the eu as

global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. i am su keenan and this is bloomberg. orstill ahead, a profit going on in samsung. the company is saying results will fall short of expectations. >> up next, a new twist in the brexit saga. the details next. this is bloomberg. ♪ david: welcome back. let us have a look at sterling. almost flat at 132. some movement in the last two days. takes a newrama twist with theresa may losing control of the brexit process. foreign and the asian exchange rates. parliament is taking control. an interim measure. thatheresa may is saying they will follow up on that indicatively at least. >> there is a lot of uncertainty moving forward. going nowhere because it is trying to figure out how this will play out. night'sing from last vote, some ministers resigned from the cabinet. and conservative mps, some of them, voted against theresa may. is uncertain moving forward. beyond that, the risks of an to rise.are beginning the conservative party could implode. moving forward,

at can find all the stories bloomberg.com and on tictoc on twitter. event on its march 25, apple debuted some of its new products including a revamp of the ipad many, and a new ipad air. tell us about the new ipad and where the company is going with the strategy around this product? apple put the ipad line in high-end and low-end models. last year, the low-end around $330, and the high-end model around $1600. this is a mid tier model. to do that, they are bringing back two of their older models, the ipad air, essentially the ipad pro at a lower price point. faster processor but not as good camera specifications. also upgrading the ipad many for the first time since 2015. that is something a lot of people were asking for and looking forward to. which type of consumer are they going for? are they trying to get existing customers to upgrade or are they trying to reach out to many people who don't actually own an ipad at the moment? >> i think this is both. the new ipad many will surely appeal to people who had older versions of the ipad many who can't ru

global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ramy inocencio and this is bloomberg. theresa may has won changes to her brexit bill. it raises chances of the deal passing parliament. [indiscernible] for all the details, kathleen hays is with us right now to talk about how significant this agreement is. >> certainly it comes at a very crucial time. theresa may literally jumped on a plane last-minute to fly over to strasburg, france, to sit down with jean-claude juncker and see if they could come to some kind of compromise. particularly on the irish backstop. that has been holding up negotiations for so long now. she says the new backstop clause is legally binding. sees it as juncker based on assurances and guarantees. one of the most important parts is this idea that the e.u. can't deliberately seek to keep britain in the backstop by failing to negotiate a trade deal in good faith. here's what theresa may said earlier today. >> one of the requests parliament has, that parliament came togethe

global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists andnalysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. jason: thank you. life after mueller. 22 months later, the special counsel investigation is over. one of the biggest questions that remains is where washington goes from here. we are joined by our political panel. former spokeswoman for the caliph when he republican party, and -- the california republican party, and al, formerly of the finance committee for hillary for america. from a democrat's perspective, not a great weekend. >> there's no other way to put it. it was clearly a victory for president trump. there's obviously a lot that needs to be learned. sarah sanders says we should release the report to the public. that is exactly what should happen next so we can evaluate whether ag barr's letter is fair and objective. my believe is the president likely engaged in sketchy or illegal activities, but the attorney general was unwilling to say so. now what we have to do is look at the totality of the report a

global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and in more than 120 countries. this is bloomberg. thanks very much. debra mao with your bloomberg first word news. back to our top story. brexit and theresa may's deal has caught up in smoke. british lawmakers will vote today on whether to leave the european union without a deal in may's plan theresa what taken heavily defeated in parliament, even though she put new language on the irish backstop that failed to win lawmakers over. if the house of commons rules out a no deal brexit, lawmakers will then vote tomorrow on whether to ask the eu for more time. but let me be clear, voting against leaving without a deal, and for an extension does not solve the problem we face. eu will want to know about an extension. the: joining us now is chief economist at the confederation of british industry. it ishe eu is asked, going to say no problem because nobody wants to be responsible for pushing britain out of the eu without a deal. how do you think that billy is going to affect british industry? i t

global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists ansts in more than 120 countries. this is bloomberg. matt: thanks very much. debra mao in hong kong. has pound volatility kicks up this week, u.k. bond markets are also seeing signs of brexit induced distress. the risk of higher import yetets remains high, investors are ignoring hedges that protect them from guilt volatility. dani: whatever form this deal takes, the market is pricing in one clear outcome and that is long-term price increases. we can see that really by looking at the five-year inflation swap. i have the u.k. compared to europe which usually moves in line together. this year, the u.k. has broken out as european dana weekends, priceg this long-term outlook to fall. you would think if you have this picture in the uncertainty we see over brexit, you would want hedges because uncertainty breeds volatility. in the gilt market, we are not seeing that. instead, we are seeing options fall. one month, 10 year options on sterling rates. what we see here is continued volatility. i ha

tictoc onnews on twitter, 24 hours a day, powered by 2700 journalists in more than 120 countries.t some of your data, viviana. a little bit down today, but we understand from various insiders that theresa may will only put that vote to parliament if she is convinced there is a chance that it gets through. we are looking at the stocks euro 600 gaining about .2%. mentioned the stocks index and you have seen a translated in the u.s. equity markets as well. s&p futures here after last week, one of the best going back since november. there are really some range bound treasury yields hovering between 260 and 280. dollarre is also weaker and weaker oil. news about opec being compliant with the production cuts. lenders deutsche bank and commerzbank have confirmed that they are in merger talks. it would make the combined firm europe's biggest bank but puts thousands of jobs at risk and raises questions about how much capital deutsche bank would have to raise. what could that mean for investors. we will be joined by a bloomberg columnist. and our guest from blackrock. what are the main hurd

global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and more than 120 countries. this is bloomberg. anna: thank you. let's talk about the oil price. opec officials have met with senior executives from north america's booming shale industry. the balance of power swings from the middle east to the united states. our numbers show that the 75% of theears, global oil production growth comes from the united states. it means u.s. production will only. matt: bloomberg also spoke to ecuinorceo -- the ceo. to me, this is a very rational decision because if you look at the norwegian economy, this is a national view. we are extensively exposed to oil and gas prices. taxes.ip in equinor and it is quite extensive. for the government to look at , i thinkall exposure that is the portfolio view. i find it very rational. when we start talking about this, there are many ways to interpret this. i think we should go back to the great starting point for the government. when it communicates is that this is a portfolio view. what i feel like it did do was highlig

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> thank you. u.k. parameters to theresa may have lost control over the brexit process. house of commons has voted 329-302 to strip power away from may. for more, we're joined by emma ross-thomas from london. we are finally going to see those indicative votes. how significant is this latest development? emma: theresa may spent two years negotiating a brexit deal. she brought it back. nobody liked it very much. it has been rejected by an overwhelming majority twice in parliament. only now with four days to go until what was meant to be brexit day, parliament has decided enough is enough and they are going to find an alternative to her brexit deal. what does this mean? athin parliament, if there is majority of anything, and a majority will be for a softer brexit, maintaining closer economic ties, and that is why the pound rallied after the result. the only caveat to this is parliament so far has not managed to come up with a majori

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm selina wang. this is bloomberg. >> president trump says he should have news on a china deal in the next three weeks to four weeks and he says people will be talking about it for a long time. joe sobczyk joins us from washington. we reported that a deal is unlikely before march is out. what is going on behind-the-scenes in terms of what is driving this timeline? trump says, either way, we will have news in three or four weeks. joe: heated. the original timeline of having some meeting with president xi at the end of march was already quite a bit optimistic dividend the complexity of the issues involved, so today, he said he will have news either way, but he also suggested things were going well. as being veryhina cooperative in the talks, and it was a bit of an optimistic note. both sides have been saying for sometime that they are making progress. there are difficult issues to work through, but it is at least some sign that there is movement. th

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm su keenan. this is bloomberg. haidi: thank you. investor bill gross talks about the battle between central banks, rates, and deflation as the bond king retires. to ubs about talk what they are watching out for as china kicks off its policy summit. this is bloomberg. ♪ t. this is bloomberg. ♪ >> i think to see concrete measures that will likely see sustainable growth. >> the market will likely see more supportive measures for sure. for its monetary policy and fiscal policy. the data points have been pour over the last three months, i think anything that sends a signal that they're backtracking will take a falling. >> the question is, we have not seen much difference regarding this. it probably would be welcomed by the market. >> i think the chinese -- on the is trying one hand, i think the key is stability. with high quality, rather than uncontrolled growth. some of our guests weighing in on what they want to see from china's policy meetings in beiji

global news, 24 hours a day on air and at @tictoc on twitter, powered by more than 2700 journalists and more than 120 countries. bloomberg this is bloomberg. >> thank you very much. the chinese president has brought his belt and road initiative to europe, securing a memorandum of cooperation for the italian government. he is expecting a tougher challenge of paris, so where do we stand in relations between china and europe? italy and china signed a series of agreements, including accords in sao paulo. it triggered within italy's coalition government. france doesn't plan to sign a memorandum, though there was a big win for macron, as airbus secured a $35 billion order from beijing. macron has invited the german chancellor and jean-claude juncker to join talks. this comes as the eu has been reshaping its strategy toward china, including screening foreign investments. last year, you governments agreed on a proposal to weaken antitrust standards in a bid to diminish the threat from china to allow european corporate's to fight off that chinese challenge. joining us now for an exclusive interv

global news on aaron online at tictoc -- on air and on tictoc on twitter.e checked in on the challenges of e.u. banking. all of this is wonderful given that we will speak to corrado for sarah -- how is the anglo-saxoning going? give us an update on how e.u. banking is adapting and adjusting to 2025. >> that is a pretty big question. from they different italian banks dealing with the bad debt they need to bring down to be able to return, to lend more aggressively to banks such as deutsche bank grappling with a question of what they want to be, that they can find a way to sustain profitability. it's a pretty big question. i think there are a lot of challenges and you can see that with european banks trading at a deep discount. remembere months ago i the drama of carter showing up like a bad hollywood sitcom and the people getting out and going to the bank and the regulators were going to check on the bad bank. what is the regulatory pressure on deutsche bank and all the other e.u. banks right now? is it a u.s. equivalent pressure? are at different stages in t

news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ahead, we will speak to we wendy miller. up next, the treasury rally gains momentum. through thekes us outlook for equities. this is bloomberg. ♪ taking a deeper dive into the u.s. close. we bring in su keenan. it looks like we have traders filing into bonds. the other day we said don't panic but it looks like there might be something to this. let's take a look at the way we closed. the market snapshot, stocks fell end of the dollar rose. conductors which have been a big momentum group have reached a peak. the nasdaq at showing that tech and media stocks were among the underperforming. let's look. earlier, there is concern that it is going to be unable to stay above 2817 which is an important level. we should point out the s&p 500 is up. it had a phenomenal start to the year. to some of the big movers now, we had a big deal in the health care space. that could affect cbs. pacing.s falling and boeing got a bit of a bounce. lululemon surpri

global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists andlysts in more than 120 countries. this is bloomberg. francine: thank you so much. it is jobs day in the u.s. and americans might get good news. average hourly earnings likely gained 3.3% from a year earlier. it should match the highest levels in nearly a decade. panels are expected to rise by 180,000. now is the chief economist and head of research at office. when you look at the u.s. market and jobs and in general with the fed can and can't do, how much did it look at and domestically and international factors? >> is interesting we have seen more dovish signals coming from the fed. does not really explain what we are seeing in the data. i think the international environment is being taken into account. that is the something that the fed knows we are currently looking at. francine: way risking a global recession? ae: global growth will be moderated, so much slower than it was last year, but it is not about the headline numbers and growth. the gives about the downside risk and how these

global news, 24 hours a day, on-air and @tictoc on twitter, powered by more than 2700 journalists and more than 120 countries. i'm rosalind chin. this is bloomberg. haslinda: thank you so much for that. china has nervous growth target and announced a major tax cut, saying the country must brave -- brace for a tough economic battle. the national people's congress, tom, it looks like the priority is about stabilizing economic growth. tom: i think that is absolutely right. the daigle -- the delegates, 3000 or so, or filing out -- the delegates are filing out. weighty document outlines the policy priorities for the government for 2019. that speech just wrapped up and everyone is digesting what has come out of that. the focus is on ensuring they can stabilize this growth as it continues to slow amid the impact of the deleveraging in the trade technicals as well. as you rightly point out, we had this gdp target that was cut from round 6.5% in 2018 to arrange of 6.5% in 2019. bloomberg economics pointing out that is the weakest target china has ever said itself for. -- set itself for growth.

global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists in more than 120 countries. i'm kailey leinz, this is bloomberg. thank you very much. coming up, theresa may appears to have lost control of the brexit process. what next as parliament takes over. we talk about that next, this is bloomberg. ♪ vonnie: this is bloomberg markets. let's check the markets going on. here's abigail doolittle. the s&p 500 and the nasdaq fell yesterday, following friday's big decline. we have solid gains for both indexes. up 1%, there's a big help there. the following gains for the german dax. we did not have a risk rally. take a look at china, one of the markets down in asia. even despite some economic data missing, investors seem to be looking past some of the global glut -- global growth. there are interesting diversion. take a look at this. this is the s&p 500. also has the s&p 500. optimismve a little here. they are trying to take control of that range. the dax is not above that 200 day moving average since the last all-time high. it will be interesting to s

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global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists andsts in more than 120 countries. i'm paul allen. this is bloomberg. rishaad: getting to market, mumbai session about 15 minutes away. the position is unchanged, producing a bit of a downdraft. it is a real mixed bag. where in a form of stasis as we are waiting for any catalyst. the rupee 69 points against the dollar. the dollar up one quarter of 1%. the 10 year yield lurching lower. chinese equity markets get a bit of a boost with what we saw out of the speech by the premier of china. off thet csi 300 heights of the day. it was down at the start of the speech. it went up, now at this position at the moment. hong kong pretty much flat. is currently the position with regard to what is going on as we wait some news which may come on trade. we are waiting to get the balls out as well. -- get the bulls out as well. >> let's meet tuan huynh, deutsche bank management cio and head of discretionary emerging markets. also is mark cranfield. you talk about e.m., but risk depends on the economy. we