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. powered by 2700 -- i am tom mackenzie. this is bloomberg. shery: top stories today, one of asia's deadliest terrorist attacks in years has shattered calmelatively -- relative of sri lanka. people were targeted at luxury hotels and christian churches. our chief south asia correspondent has this developing story. what a devastation, a series of coordinated explosions on easter sunday, luxury hotels

tictoc on twitter is reporting that kids in the u.s. don't drink enough water.a survey of 8400 children, age two to 19, 1 in five don't drink any water all day. they instead consume sugary drinks that almost double in calories. a contributive factor is that parents don't trust the cleanliness of their own local water supply. fall these -- follow all the stories on your terminal on bloomberg.com and of course tictoc on twitter. romaine: walmart and chill doesn't quite have the same ring but the big box retailer does have plans to finance a number of programs over the year. let'st has already welcome bloomberg news big-box retailer. i'm not so crazy about this idea. family-friendly content through walmart, why do i want this? >> it is mr. mom. one of my favorites of all time. a classic. the scene where he goes in the wrong way through the school entrance. this is comedy gold. walmart, is this ever going to be a huge part of walmart's business model? no. gone are the days when hollywood executives would have to beg walmart to carry their dvds and movies. we are in

global news 24 hours a day, on air and @tictoc on twitter, a dan air and @tictoc on twitter, allen inry: i am shery ahn. you are watching daybreak australia. we have an interesting week ahead for the start of tech earnings season and the release of first quarter igo data. let's look ahead for the cofounder and cio charles lieberman. great to have you with us. we are expecting some very relatively strong gdp numbers for the first quarter in the u.s. focusing on strong growth. this chart for our viewers, the couldverlaid with -- we potentially see steepening on the yield curve if we get more long economic data. what would the applications be of the yield curve steepening? >> the most important is the market is recognizing the economy is not at risk of recession and therefore somewhere down the road interest rates are likely to go higher. -- : shery: what is the largest visible risk especially when you have the fed still being on pause? the strength of the economy causing inflation. we have seen the labor market become tight and we haven't seen a dramatic rise in inflation although it ha

be sure to follow our breaking global news network tictoc on twitter.. ♪ paul: welcome to "daybreak australia." sophie: we are counting down to asia's major market opens. ♪ paul: hear other top stories we are covering in the next hour. tech stocks rally while industrials slumped. amazon amazing analysts with quarterly results and time for compromise. the u.s. may that

you can follow all of these on bloomberg.com and tictoc on twitter.e also going to be taking our attention to bugatti. it was celebrating its 1/10 anniversary with a limited 110th anniversary with a limited-edition car. the price tag is $3 billion. -- million. >> the idea is to make something timeless. to connect the driver with the car without too many items. just the essentials. to make a design which will last forever. you can see it is the essence of a bugatti. in this car you have specific anniversary.e 110 and the steering wheel is very special. >> a unique shape. >> correct. . formula one. good.t sounds that sounds very good. they will know you are coming. >> that's an idea of how it sounds. 16 cylinder. the only one in the world. >> and this is simple and easy. >> easy, timeless and easy to drive with the best technology and sound system. you can put the car in full driving mode depending on where you want to drive. you never lose control of the car. that is our goal. torque is very difficult to control. >> what does a car like this cost? more

follow our global news breaking network on tictoc.loomberg. ♪ >> welcome to daybreak australia. i am shery ahn and bloomberg's world headquarters in new york. sophie: we are counting down to asia's major market open. haidi: these are the top stories we are covering. u.s. stocks fall to a one-week low as the latest results did little for confidence in the economy. health care led the declines. the u.s. and china are said to be scheduling new trade talks with top

global news 24 hours a day on air and on tictoc on twitter.0 journalists in more than 120 countries. one data stream check today, the data is quiet but you have to oil down at the bottom. it got a lift over the last 24 hours. , and brent crude 71.23, francine. the dollar a little changed and european shares actually gained. they have regained a little bit, this seems to be addressed in the market with the new tariffs. i'm looking at the pound strengthening between the u.k. and european leaders on brexit. let's kick off with the latest on trade. on u.s. kicking off tariffs helicopters, seafood, cheese, and wine. the white house says this is caused by illegal subsidies to airbus. threatsalls the tariff totally unjustified and plans to react with similar plans on boeing. thanks to our guests for joining us. how do i look at this? will we see tariffs that really hurt the europeans? or is this just president trump trying to talk to his base? he is getting an agreement with china's of the needs to be seen as a strong man act of -- strongman? >> may

coming up, jpmorgan tictoc earnings season with a bang.ut can the rest of -- can the rest of washington -- manus: if you are traveling to work, bloomberg radio on your mobile, dab digital radio. join us there. they're hard at work. this is bloomberg. ♪ manus: this is daybreak europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in london. let's go to the banking consolidation story. german finance minister olaf shorts says the bank minister should be seen and a wider context. he says it's a big mistake to reduce the situation to one country. he spoke with francine lacqua at the spring meeting at the imf in washington. >> we were very successful in europe to change the scenario. we built a common vision for all the relevant banks. we built the financial funds, which is able to work with big banks all over europe. and this is the situation that has changed. my view is that we should much more look to europe as the european economy, and this is also due to the banking system in the financial industry. it is a big mistake just to reduce t

global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists andlysts in more than 120 countries. i am selina wang. for ipo andfiling giving people a look at the books including $10 billion in operating losses since 2016. the offering will be the largest in the u.s. this year and among top 10 of all time. our reporter joins us now. he much as expected. any key takeaways? >> i was surprised by the amount of ridesharing revenue they are getting in the u.s. given lyft claimed they had 40% market share in the u.s. three times bigger. the numbers don't add up and uber certainly has the scale. they are not losing as much in job claims. hasi: one step up uber [indiscernible] uber eats. a lot of people know that lyft was a pure play ride-hailing bit, instead of something that is more diverse. it looks like the takeaways for uber eats is below the ridesharing business. it is around 10% whereas ride-hailing is around 23%, 24%. uber eats is a drag on the overall profitability of the business but i think in the long run given uber has a subscriber base of clos

emily: bloomberg lp, produces tictoc for twitter., after eight years of development, samsung unveiled its foldable phone, but customers will not be able to buy it just yet. we will discuss what is keeping the product from the market. next. this is bloomberg. ♪ emily: samsung has delayed the launch of its foldable smartphone after several reports of screen failures, samsung announced it will be released without giving a new date. some showed us how the device needs further improvement that could ensure the best possible user experience. to fully evaluate the feedback and run further internal tests, we decided to delay the release, they said, and plan to release the date in coming weeks. mark gurman weighed in on the news. >> this is the phone, and it will be the last time you will see me with this on air until they relaunch it. they are picking it up tomorrow morning. i received the phone last monday, it has a plastic film on it that looks like what you would get on any phone, even samsung phones, iphones, that you remove before using

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. thank you so much. u.k. lawmakers are taking back control again to debate alternative brexit plans, likely to discuss options including a customs union and a conservatory referendum. that is after theresa may's plan suffered its third defeat in parliament on friday. so how should investigators play it? we are joined in westminster by christian taylor, head of economic research at barclays. with us, the partner in chief investment officer. thank you both for joining us. let me kickoff with you. if you are right now a market trader or pound trader, how do you look at the political uncertainty? you don't act much. anotherthe story of buyer, it can go the way of consensus and that would obviously show the way for the couldment, but is also end probably will exacerbate the uncertainty. i don't think today will be the -- itreement will arrive will be yet another day where they will say they will want to do something but there will be no co

global news, 24 hours a day and on tictoc on twitter. 2700ed by more than journalists and analysts. i am paul allen, this is bloomberg. >> let's get to our top stories. united states made substantial progress. they're calling for an early negotiation. there is a lot more to do before an accord can be signed off. it is a very unique set of circumstances with china. it is a massive deal. if you think about it, it could be the biggest you ever made. not a where you look, there can't be a deal like this. this is the granddaddy of them all. >> trump spoke at the meeting the chinese vice president. they will resume trade talks. let's bring out there and were back. what happens next? >> we are thinking somewhere in the internet of an additional four or six weeks. a little bit worried about where the talks were. there was an expectation that their dsm and announced with trump and xi jinping. that never happened. a lot of people look up a little bit more worried than they should have been. china said there was significant progress made toward a trade some text they mentioned. it is all sound

global news 24 hours a day on air and @tictoc on twitter powered by more than 2700 countries.. snapping a three-day drop up 0.3%. shares are above 10,000 points. retreating after four straight weeks of gains. that pushed the benchmark to pre-gse levels. energy is the worst performer. shares falling the most in 2019 as it warns of challenging conditions ahead on rising oil prices. , a banker cut its operating profit target. ground.gaining lastly, a hotel climbing as much as 5.6% after it beats the highest estimates for the first quarter. paul: joining us now, we have commonwealth bank of australian currency strategist joseph. thank you for joining us today. let's start with the u.s.. we had an interesting gdp. gray on the surface. economists are not so warm about it. a meeting from the federal reserve. we are not expecting any change from the fed, but an interesting press conference. what are the downside risks for the u.s. dollar? >> the manufacturing index is going to be weaker than economists expect. the regional has been less exclusively week. the other one is the number in

follow us on tictoc on twitter.s is bloomberg. ♪ emily: welcome back to "the best of bloomberg technology." i am emily chang. the sri lankan government shut down social media and messaging channel in the wake of the devastating easter terrorist attack that killed almost 300 people. they are hoping to stop hate speech that is known to spread on social networks following violent attacks. the shuttered platforms include facebook, whatsapp, instagram, youtube, and more. this is not the first time a country has taken this measure to stop hate speech. the question is, can it work? senior executive editor brad stone joined us to give us perspective. >> is not just an indictment of social media, it is a moment in a long trend of lack of responsiveness to the requests of communities, especially non-english-language communities that have seen this information, disinformation and and hate hate speech and harassment happening in online platforms, and have not been able to get an adequate response from social media companies to

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 su keenan. this is bloomberg. haidi: thank you. are and chinese officials planning more trade docs in a bid to reach a deal by mid-may -- trade talks in a bid to reach a deal by mid-may. another step closer, it seems. >> it does seem like we are in the last leg of negotiations. you have more dates for your diary if you are 18 -- a keen watcher. 29th, they will have high-level discussions with their chinese counterparts. the following week, we are inspecting them to lead negotiations on the chinese side and fly back to washington. then we are expecting both sides to announce a deal. that is likely in early may. you are looking at a presidential signing summit between president xi jinping and president trump. is the expectation from our sources. last couple of weeks but have heard of progress around the enforcement mechanism. it has not been finalized. this will be a two way enforcement deal. it has gone some way to address the concerns of the ch

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. manus? manus: thank you very much for the roundup. now to italy. it's avoided a downgrade. after the markets closed, s&p left the debt rating at triple be. but also a negative outlook. we get key euro clear data tomorrow with the release of the first order gdp from france and from spain, as well, as from italy. goldman sachs says china stabilizing the economy will provide a boost for global growth. william porter is here. can we deal with the downgrade? s&p refrained from doing the downgrade. does a lovely line here. give got to wait for the hard data crush the crunchy before it -- to crush the country before you go to the downgrade. do you think they waited for the downgrade? william: we think it's a matter of timing. we had an intense discussion on the back end of last week and my economics colleague and i got this spot on. we circle october, however. the point being that, at the last review, back in october, s&p said a number of c

last year china reported at incidents.re-related onhours per day on air and tictoc on twitter. i am jessica summers. this is bloomberg. trading volume was light in the u.s. market but there were small gains in the s&p 500. let's get it wrapped from bloomberg's su keenan. volume.d see very light lengthy holiday and perhaps many players are not back. stocks, but wein did see the energy stocks as well. housing came in a bit weaker than had been projected in march. let's look at the big movers. there were sizable moves. doubled ineir volume this recent trading session. that launched ipo last week, continued to move higher and an interesting sidebar, there is a china-based called mobilephone maker zoom technology and saw its shares rise 70,000%. confusion, maybe? a lot of focus on zoom has people jumping into this. recent $60 million deal with beyonce at disney. the latest in their rush to put -- in place. 2020 robo taxi plant was deemed aggressive and confusing by many in attendance. investors across the board seem to be giving this a thumbs down or a note of concern. a more positi

global news 24 hours a day on air and on @tictoc on twitter, powered by more than 2700 journalists andnalysts in more tom: thecountries. shanghai auto show is getting into gear with the global industries race to get electric cars, that chinese buyers want to drive. we can ask about that topic and speak to that. ceo of mclaren, who joins us from the mclaren stand. we have an array of pretty incredible vehicles. we talked about sales being strong in the chinese market. you saw a hundred units in 2018. how is the first quarter shaping up? >> it's in line with that. this year will be about the same volume. about 300 callers. -- cars. we are stabilizing our global volume. this is quite in its was a brand. we are chasing volume -- we are chasing volume -- we're not chasing volume. we are try to bring in more customers to appreciate what is a relatively new brand. tom: there is a lot of questions and focus on the broader slowdown in the chinese market. 10 straight months of sales declining in the car market. argue immune to those factors given your such a small segment? >> i don't think anyon

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. ramy: thank you very much. the chinese premier will hold talks with top e.u. officials and tuesday at the annual summit. they meet amid mounting concern about beijing's trade practices. now forenzie joins us more. what can we expect out of this meeting in terms of real concrete detail and any emotions that might be floating out there? tom: there will certainly be some emotions. there were thorny issues that the two sides will have to tackle. it is expected to be a three-hour meeting between li keqiang and jean-claude juncker and then the e.u. head as well, mr. donald tusk. they are expected to sit down in brussels for these talks. it is an annual summit. they are expected to talk about the trade practices amid increasing concerns around the fact that this is not a level playing field from the e.u.'s perspective. the reverse is not always the case in china. that is causing those in europe to ramp up the press

chnology and bee sure to follow tictoc on twitter.omberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. welcome to "daybreak australia." i am paul allen. sophie: i'm sophie kamaruddin in hong kong. we are counting down to asia's major market open. ♪ paul: the top stories in the next hour, get ready for a global data dump with more of the world's biggest companies reporting earnings and a delusion of indicators from washington to beijing. socialism survives in spain with pedro sanchez sent to retain power. we will go to --

global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analystsn more than 120 countries. this is bloomberg. thank you so much. global equities taking a breather following three sessions of gains. better expected data out of china and the u.s.. the weakness is expecting to continue. us, great to have you both with me, thank you so much for joining. let's talk about this. stephen, should we be looking more into the pause today or the strong rally yesterday? background to the rally --, we were is speaking earlier about whether the price is correct. on december to fourth, bad news was embedded -- december 24, bad news was embedded. perhaps there was upward momentum coming through in the chinese pmi's show a modest re-acceleration in global growth. believe it will be better than expected. does the credit rally also have scope? >> we think we have a cyclical rebound, within a structural period of slower trending growth. some economies are close to what nification,all japa growth keeping a dovish stance. we have seen more central banks moving to that st

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. vonnie: thank you. coming up, a bloomberg exclusive. we speak with the ceo of honeywell. this is bloomberg. ♪ ♪ york, i amm new vonnie quinn and this is "bloomberg markets." the u.s. is back in full force after the holiday weekend. >> we are certainly back in full force. take a look at the s&p 500 and the nasdaq down fractionally. starting the week off with a small loss but well off the lows of the premarket suggesting. the shanghai composite had its worst day in a month, down 1.7%. the government may not continue into the second quarter. that is dragging on the emerging market index. there is some caution there out of china. where it seems very risk on, at least relative to the market, let's take a look at oil. we will see a big pop for oil, up a second day in a row. up to .6% after the u.s. -- 2.6 percent. thatis helping the idea supply could tighten. that is hoping the energy sector. let's take a look at the energy sector. is

global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists andlysts in more than 120 countries. i am ed ludlow. this is bloomberg. haidi: thank you. let's take a look at the state of play when it comes to australian markets. a pretty tepid start to the day. we are seeing declines of .4% for the asx. we are seeing essentially every sector other than materials trading slightly to the upside. the biggest declines coming from tech and i.t. names after the nasdaq was dragged lower overnight. but still, u.s. equities seeing the longest winning streak of the year on this optimism that we may be weeks away from potential u.s.-china trade deals. president trump sounding quite optimistic. not yet feeding through to the session. we have a holiday session with taiwan and greater chinese the holiday.d for given we have seen gains of over 1.5% for the asia-pacific this week, it could be a day where investors are happy to maybe take a bit of profit. when it comes to central banks, we are seeing a less dovish policy message emerging from the reserve bank of indi

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 su keenan. this is bloomberg. trump's topdent economic adviser says the u.s. and china are getting closer to a trade deal. a lot of teleconferencing. this after the latest round of talks. let's go to washington. we will be seeing a signing ceremony soon? >> i do not know if you should start booking your tickets quite yet, but it looks like progress is being made. they come though says the two sides are getting closer and closer. there are some tough issues on the table. the toughest time, a note they talked about the issues still on the table. intellectual property enforcement mechanisms, trade balance. these are not insubstantial issues. with the talks under our belt and more talks coming up this week, a lot of ground to go over. >> -- after substantial issues, the low hanging fruit has already been picked. is it profitable to gauge who has more leverage at this point? chinahave the sense that and president xi jinping would like to get this wr

global news 24 hours a day over the air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am selina wang, this is bloomberg. paul: thanks very much. it has been a big day on the earnings front, with amazon's quarterly profit topping estimates. focusing on cloud computing, and other high margin -- it was not all good news. let's bring in our senior technology analyst. let's start with the advertising business, it grew only 36%. the words only and 36% usually don't sound quite right, but we got used to 97%. is the tank running out of gas? >> actually, there was an accounting change last year which lifted that segment one time and that created a tough calm. the strength is there in the ad business. it is showing in the bottom line and going forward, they are ads, pushingew into free music and things like that. can see more ad inventory opening up. the accounting change makes it look much worse than it actually is. seeing the dollar with incredible strength. dollar index at the highest level in almost two years. we saw earlier that am

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 the bring. paul: thank you. -- this is bloomberg. the s&p and nasdaq set , which continue in after-hours trading. su keenan joins us with more. we had a mix of numbers. we managed to eke out fresh numbers. nasdaq is also higher. you did have bonds lowered. bonds. a big sale of not much going on with the dollar and you had the s&p financial, the strongest sector in the s&p 500. oil has been in a choppy session. bige go to the board of movers, earnings were the driving factor. we start with intel which reported earnings last week. five straight days it has been lower. analysts are spooked by the cutting of the revenue forecast. chips has been a strong momentum sector. there is a lot of concern that amazon is moving into the free space, putting pressure on the company. is an online advertising platform that extends into asia and it got a big boost. facebook is also one of the strong performers of the day. let's go into the

global news 24 hours a day on air and on tictoc on twitter. 2700 journalists and analysts in more than 120 countries, this is bloomberg. chinese meat supplier wh group is out with earnings today. it tries to limit the fallout from an african's wind and the trade wars between washington and beijing. bloomberg's asia act -- agricultural editor has been checking -- tracking this for us. what you think we could see from this? moment, i think people are very positive about company. shares are up from last october. goldman issued it last week saying they expected record profits in 2020. they should have a share price project of 10 hong kong dollars. it is a generally favorable outlook. it owns smithfield food in the u.s. and also china's largest pork company. it is benefiting from the increase in prices in china and globally as a result of african swine. is there any indication of how much they could benefit from this? especially if there is potential inflation and higher hog prices? james: it is hard to put a percentage on the quarterly earnings, w

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 su keenan. this is bloomberg. chinese equity markets of 2%. yields up five basis points. manufacturing sector showing signs of a sharp turnaround giving the impression -- stronger-than-expected, 50.8. rishaad: a positive picture painted by the official numbers. the biggest jump in something like seven years or something ridiculous like that. this is quite something. i'm going to put the caveat. i started off saying that the naysayers are going to say something about the holiday. >> you cannot forget about that but we have been looking for a stabilization. here comes along a little earlier than expected. a lot of policy measures since the second quarter of last year. expectationonds of that this is coming through now. sentiment seems to have been affected a little. all that stimulus. even know it is still feeding through the system. this is a good indication that policy is working. obviously there are reasons you could say seasonal effects, glob

global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists ands in 120 countries. this is bloomberg. manus: what do stocks need from the tech earnings this week. you have amazon, twitter, hitting the tapes. you can join the debate, mliv plus tv on your bloomberg. street's l goes are in -- the rest of the market marches higher. that story next. ♪ nejra: 7:18 a.m. in london. this is bloomberg daybreak: europe. it is a big week for earnings. that's part of the reason why i'm here in zurich. -- the man in charge of novartis, it we are going to have that conversation tomorrow morning. sergio ermotti we have. we will have a chat with him after a shocker about six weeks ago. what is the plan at ubs? we have acute week of earnings. any -- this isn what you have to keep an eye out for. verizon. and tomorrow in europe we have credit suisse. and novartis. boeing, andcebook, microsoft. it's busy. i'm breathless. nejra: hold your breath, i will take it from here. on thursday in asia we have nintendo, then ubs, barclays, and amazon. to close at the week,

global news 24 hours a day on twitter,t tictoc on powered by more than 2700 journalists and analysts 120 countries. i'm mark crumpton. this is bloomberg. take a secondoe: glance. the fed could be looking at a policy change up. we will have a deeper dive into what went wrong. for more, we are joined by bloomberg news federal reserve reporter. we know the fed hasn't been able to generate the inflation it wanted and that has caused a lot of rethinking, but you had a piece today saying that the fed is looking at its framework in dramatic ways, essentially ripping up the entire playbook. >> we had very low unemployment for the last year. but inflation really has just not gone up much. in fact, it is sliding down. policymakers are looking at this and saying, what is wrong with the policy side? inflation expectations must be slipping. there was just a conference at the minneapolis fed last week where people were really more focused on the employment side of the mandate and questioning whether the problem is just that we have not created enough jobs and run the labor markets tight enough to

global news 24 hours a day over the air and @tictoc on twitter, powered by more than 2700 journalistssts in more than 120 countries. this is bloomberg. paul: thanks for a much. let's turn to japan. week of the golden holiday, was in the lineup? david: nintendo report -- sophie: nintendo reporting revenue expected to increase to $2.1 million operating profits as software sales grow. also today, guidance will be very much in focus for nintendo, witha partnership coupled a strong software lineup for 2019 and the software maker expected to exceed sales targets. yahoo japan could up a rate -- could announce a fifth straight increase in operating profit. it is looking for a 22% decline, which is more optimistic than the company's own guidance, with a plunge in operating profits. after announcing a $1 billion cost-cutting plan earlier this month, number i is expected to post a rebound with net incomes rising 31%, especially with business segment improving. number of likely to post the first annual loss in a decade. shery: thank you so much. a european banker kicked off with a strong performa

global news 24 hours a day on air and that tictoc on twitter, powered by more than 2700 journalists andnalysts in more than 120 countries. bloomberg. >> china is making a gesture of goodwill to the u.s. ahead of this week's round of trade negotiations. tariffs onspending u.s. autos and also including the opioid fentanyl on a list of banned substances, two moves that should contribute to a more positive atmosphere. let's bring in our editor for greater china, john neal. is it fair to characterize this as less about abstention concessions from china and more about smoothing the path of this next round of negotiations? john: i think that is a good way to put it. the fentanyl one, for example, is one that was agreed between trump and xi in argentina. the autos, they lifted that based on the u.s. not putting on those additional tariffs. the u.s. sort of rolled over on these. >> what is the sense that the priority will be that the u.s. parttry to remove at least of the tariffs? john: they are going word for word through a final document. the last remaining hurdles, as we understand, or that i

storiesfollow all the on the terminal at bloomberg.com and tictoc on twitter. romaine?going public in a different way. has a minuteogies plans for u.s. realtors to file through an unusual direct listing. the workplace messaging company will list its shares on the nyse under the ticker sk. for more, let's welcome eric newcomer. slack not a startup anymore. this direct listing, just so i'm clear, slack does not get any money doing a direct listing, does that? eric: that is the advantage. you avoid dilution. if yorkie have all the money you need, and they have more than $1 billion, this way you can go out, and not underprice the shares to give your investors a pop. you said it at the right price and let the market trade. we raised a ton of money from investors we like, and now we will let them sell their shares to the public. caroline: spotify did exactly this previously. people feel that it went well. will we see banks get cut out going forward? did it,otify, when they it was weird. it was a couple doing things in their own way. now it's eating more likely that other comp

global news 24 hours a day, powered by more than 2700 journalists and analysts and at tictoc on twitter, in more than 120 countries. >> another sign that china's economy may not be ready. keep measures coming both in below forecast. >> are global economics policy editor is here with the latest pmi data. give us some context here. is a veryf all, this important for. around the world and in china in particular, the index particularly manufacturing orders that was kind of one of the early signs of china's economy. report, it puts a little bit of a lid that maybe they are ready to stop, but first of all you have the manufacturing pmi from.1 and that was down 55. they are both still above 50 and signaling growth, but the issue is what does it mean broadly? this is the headline chart will stop now, let's look at another report. seelarge company, you can it has definitely come down since the model 2017. it is the smaller ones. look at the blue line's down to 45. small companies still below 50 and member, the trade war is -- these are big employers for china. these are workers who already lost

a air and on tictoc on twitter powered by more than 2700 and analysts in more than 120 countries.bit more global feel today on the depth of the mario draghi press conference. then they were up in the last 12 hours or so. oil part of the story at these meetings. a little bit of a list for oil. then the great bull market worldwide. and the backstory we saw in davos. here, -.60 is a huge deal. oil elevated out over 70, many people calling for more. and jeff curry as well. up those of you waking across the atlantic, no question about it that madame lagarde is moving off of some of the late-night news. headline, what we call a hot headline. members areboard said to be seeking a meeting to actually block the merger. this goes back to the mother -- merger with deutsche bank. .e were looking at regulators these were concerns that it would be a domestic player that was pushed by politicians. people say they are doing great. you can see 7.19 on the screen, that is a huge deal for deutsche bank. the share prices are eroding away. the other issue is this raging debate we saw and italy. -- in

global news 24 hours a day on air and at tictoc on twitter. powered by pony 700 journalists and analysts in 120 countries, this is bloomberg. a string of bombings killed more than 200 people across sri lanka. dave: these coordinated attacks shattered the islands. the tour reliant economy of sri in ourlet's bring reporter on this developing story. what could you tell us at this point? at the moment, the focus is shifting to the investigations. so far, 13 people have been arrested. vehicles -- some people have been taken into custody who were used to transport the bombers. we are awaiting more information on that front. there is a notable shift here in the tensions and what led to this. the violence between the buddhist and the hindu, when we are talking about the civil war, this attack specifically targeted christians and tourists. is this really a return to the old days? this is a completely new kind of situation for sri lanka. what seems to be done but -- this seems to be done by a new group. they have not released much information about it.

on thethese stories tictoc terminal or on twitter.mco issuing 12 billion -- $12 billion of bonds. is get to the latest. brian, i assume you have been following this like the rest of the world. what does it say about the amount of demand versus the market? you have to ask her self how this came to be, so you have the banks that have a real vested interest, so they really drum up a lot of demand, but you also have to buyer basis. you have these emerging markets and the great credit buyers who see it as achieving exxon and that is how you get one of $2 billion in order and yields that are lower. spread, itfrom that is the ig credit briars -- ig credit buyers? lot was that saudi arabia had been blacklisted from the market and i think there was a realization that ok, we can go in now. it is not necessarily the political risk that it was before, so i think that commanded a lot of money coming in and even saudi arabia's own sovereignty fell as a result. interesting to see if we get further issuance coming. what do you make of the fact that a

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: thank you. vonnie: coming up, we had that interview with henry mcveigh. this is bloomberg. ♪ ♪ live from london, i'm guy johnson. vonnie: and i'm vonnie quinn. this is "bloomberg markets." this is abigail doolittle. abigail: there is a risk on town. take a look at the dow and s&p 500, up more than .2%. we have bigger gains in europe with the german tax up seven point -- the german dax up .7%. waiting for cues around earnings, but taking a bullish stance. something is happening that is interesting on german bones -- bunds. longest moving streak of the german bund since the end of february. setting a risk-on town. bank of america is trading lower down 2.3%. theinterest income grew in first few quarters, but could fall, now that we have the fed in pause mode. deposit did fall and the banking sector up .4%. .e have bonds falling we will see the relationship between the 10 year yield in white, and the banking in

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. guy: thank you. classic buffett. giving $10 billion when it comes to the bid for anadarko. this later inbout the program. chevron higher, anadarko lower. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: and vonnie quinn. this is "bloomberg markets." talk with stepping up doolittle. -- let's speak with abigail doolittle. abigail: the s&p 500 down a quarter of a percent and the nasdaq down .6% come on pace for downorth day -- nasdaq 16%, on pace for its worst day in more than a month. the last day of the trading month of april is having a risk off tone confirmed by bonds. we look at the intraday chart. seeing it go up and down. we had the 10 year yield up more than one basis point. right around the start of trading for stocks, which is to the downside, it moved down one basis point sang bonds -- saying bonds are rallying. as for some of the earnings movers, let's look at ge that is down. industrial cash flow was better than expected

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. vonnie: thank you. coming up, the dow ceo joins us to take on the business. that is next. this is bloomberg. ♪ guy: live from london, i'm guy. vonnie: i'm vonnie flynn and this is bloomberg. we are seeing a little bit of difference from your site in london to what is happening in the u.s. we had higher futures this morning after closing yesterday, the highest since october. getting a little bit of softness today. we have a few things weighing in on the market. the ftse, some optimism there over in brexit. wer in the crude markets, are up to $60 a barrel. we are increasing by more than 60 yesterday. now with a 62 handle. looks like global growth is coming back. crude in through 62. i want to look at some of the individual movers, in particular walgreens. let's start with the airlines. delta reported some preliminary results. earnings higher than previous estimates. we are seeing a first-quarter revenue growth of 7%, capacity now u

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. let's turn to mark cranfield. this gtv chart on the bloomberg showing you exactly that. on the second panel of this chart, you are seeing the 14 day rsi has entered overbought territory past that level. how long can we expect this rally to continue? mark: if earnings continue to come through on the strong side, the rally can go on for quite a while. if you look back to some of the unloved rallies, 2016, 2017, a lot of people complaining that equity valuations were very high. through and come they propel it into another trading range. that is what some people have been waiting for. this is the shoe to drop. a lot of headwinds are being moved. the bond market is being well-behaved. we are seeing a move toward the trade deal with the u.s. and china and now you put good earnings on top of that and it will convince the last few people to come off the fence and to join in u.s. equity market. what you sa

global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists ands in more than 120 countries. i'm mark crumpton. this is bloomberg. aramco's debt debut is just the beginning of the oil markets. have cranny was told will more options to own more bonds down the road. they spoke ahead of today's deal. >> the roadshow is ongoing. i think the deal will close on wednesday. i'm advised not to comment on it. i think that press reports and analysts and investors have been extremely impressed by what they have seen. this is no surprise to us. we've been saying it for years. saudi aramco is not only the largest but the best quality company that exists on the planet, and i say that from every angle, not in terms of resources. to.company has access also its environmental stewardship, also its technological prowess in terms of indigenous technologies that provide safety and human resources, the company led by saudis, andated by governed by predominantly saudi board that has always taken the right decisions. the value is out there for the world to see. i think we

follow our global news network tictoc on twitter.is bloomberg. ♪ ♪ back to "best of bloomberg technology." netflix reports its first quarter results. last quarter was strong and the platform added 9.6 million customers. the forecast for the second quarter was underwhelming. netflix said they would add 5 million customers, short of the 6 million forecast. will sloweases subscriber growth for a brief period but will not affect growth in the long run. what about the competition that might see? marian montaigne and andre swanston joined us. andre: i think i may come off as very contrarian, but i almost did not care what net likes q1ort -- netflix reported in and their guidance for q2 is irrelevant to the long term outlook. headwinds facing huge when apple plus and disney plus, as well as the massive growth across free ad supported and connected tv solutions come in, i think q4 of this year is when they will for the first time have true head-to-head competition and it will be a challenge. emily: you are an investor in netflix. do you care

global news, 24 hours a day on , air and @tictoc on twitter, powered by more than 2,700 journalists andlysts in over 120 countries. i am jessica summers. this is bloomberg. quick, breaking news. attorney general william barr says he will review the fbi actions in the trump pro. again, attorney general william barr says they will have a team to look at it. we will get more on that if anything further develops. meantime, let's head into the issue of a no deal brexit, which could cause the slowing across me -- slowing economy to weaken more. the forecast is the lowest since the crisis. kathleen is here. kathleen, the imf is hoping for the best but still warning us of the worst. >> absolutely. downside risks are growing. this is the third time that they have cut their forecast in about four months, the second time i am saying this, the fourth time in nine months. they started off more optimistic and keep getting less optimistic. a key statement they made when they were putting out the report earlier today in washington at the annual spring meeting of the international monetary fund and worl

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 su keenan. this is bloomberg. thank you for that. let's continue our conversation with the ceo of unilever indonesia, hemant bakshi. we were talking about how revenue was stagnating. how to theye food, revive stagnation? hemant: there is a huge opportunity in food. across all the categories we operate in for a personal-care, homecare. make sureed to do is our portfolio meets the needs of global consumers better than it has done in the past. we needocusing on what to do in indonesia. focused on thee trends. i am convinced the long-term trend in indonesia is of growth, given the demographic and the technologically savvy population. i am optimistic about the future. haslinda: a huge market of 250 people. what investment are you putting in to get those dividends in the years to come? hemant: our investments have largely been in commodity development. remains unchanged. we talk about the flip-flopping of policies within the government and that is a

global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. china consumer inflation surging in march on rising food prices, with prices rebounding. this asre anticipating foreshadowing all sorts of bad things for the chinese economy. david: a good thing we are hanging by the fingernails. let's bring in our china correspondent, tom mackenzie, and out of washington, our guest. tom, let's start with you. recap the numbers. absolutely. no major surprises, as you said, 2.3% of a pickup in march for consumer prices, in line with the forecast, above the february number. food prices a major component. they picked up quite strongly, the result of a cull of hogs with an infection of african swine that continues to roll through the country. that is having an impact and has played into consumer price inflation. prices in line with expectations, 0.4%, and the forecast was up from 0.1% in february. there was an increase in commodity prices. of course, this is inconsequential for corpora

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 am kailey leinz. this is bloomberg. vonnie: thank you. let's check those markets. a down day in spite of some earnings beats. not in earning beat from alphabet and that is dragging on the nasdaq. .6% and theis down dow jones industrial is down .5% right now. this is bloomberg. ♪ vonnie: from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. close" onhe european bloomberg markets. vonnie: let's get a look at the health of those markets. here's abigail doolittle. abigial: definitely looking at a down day. the nasdaq on pace for its worst a in more than a month, down 1.3%. you're the big culprits on both of these indexes dragging alphabet down 8.5%, the worst day since 2012. this after they missed sales estimates on advertisement growth. apple shares on pace for the worst day since early january. with the miss from apple on sales growth, investors may be spooked for apple. take a look at apple relative to sales growth. we are many quarters of

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. manus: olivia. us.ly to have you with coming up on the show, stocks in asia climb with the u.s. and european futures all in the green. we are going to focus in on the market moves. that's next. nejra: when you are traveling to work, tune in bloomberg radio on your mobile device or on dab digital radio in the london area. this is bloomberg. ♪ manus: and it is a deal. this is "bloomberg daybreak: europe." i am manus cranny in dubai. nejra: i am nejra cehic in london. we have got some breaking news coming through, manus. manus: we have indeed. it excited about this. dsb is to buy -- 196 swiss franc per share. it looks like this deal will close in the fourth quarter of foundationand the and artisan have agreed to the tender, so this is another deal that gets done. raisestart and coaching the second quarter -- curtain raise the second quarter. nejra: olivia. >> saudi aramco is the most profitable company on earth. surpassed apple and

that is going to be reached. >> global news, 24 hours a day on air and @tictoc on twitter powered by 2700 journalists and analysts in more than 120 countries. bloomberg. let's get the latest on global trade. president trump's top economic advisor says the u.s. and china are closer to a deal. larry kudlow says both sides will keep in contact as they work through the remaining issues after last week's negotiations wrapped up. >> we are closer than we ever have been before. a lot of very difficult topics. for the first time they are on the table is being resolved. that is incredibly important. the president here expressed doubts thursday, guarded optimism. maybe more than guarded optimism. reported tonping is have called for an early conclusion to the negotiations. a global macrois strategist at rbc capital markets. great to have you with us today. i know you don't focus on daily moves. it does interest me that today, even with the progress that has been touted in the u.s.-china trade talks and the jobs report out of the u.s., we are seeing futures point lower for u.s. and european equi