toshiba amongst those out with negative news injapan.negative news in japan. all the amongst those out with negative news injapan. all the markets headed up words. interesting actually when we think about some of the things in the background, uk growth figures out today as we mentioned, coming out today as we mentioned, coming out quite soon, expected to show growth a smidgen in the last quarter, when you think about germany, virtually grinding to a halt, italy in recession, it is a lot of investors minds in europe and trade talks in the background always going on in beijing. that's a look at the markets for now. sally, thank you. joining us is trevor greetham, head of multi—asset at royal london asset management. let's pick up on the growth figures that sally mentioned and i do not think of are five. expected growth is expected to be 0.3%, quarter on quarter, the expectation is that growth was often in the first quarter of this year, in the uk it's a negative global backdrop, the world economy is slowing down, the export markets we expo

toshiba had a big fall.top of the hour, with operating income -- cutting its full-year operating income. that missed lowest estimates, but because toshiba had such a big drop yesterday, you are seeing investigator -- investors buy. nissan, slightly firmer. we had results yesterday, the first since the former ceo and chairman carlos ghosn was detained. jumpee -- impex jumped after they raised their full-year net income forecast and softbank in focus, up percent -- up 7%. we heard t-mobile saying they won't be using huawei technology. will not usethey any equipment from the embattled chinese equipment maker h uawei. a look at nissan. trying to end the debate at other weather or not carlos ghosn deferred income by taking a charge against payments accumulated up to 2017. denied wrongdoing and said his fix pay could not be illegal. in tokyophen engle is for us. i'll start with you, steve. what did we learn from these earnings? it showed the tensions we saw with nissan even before the carlos ghosn saga. >> absolut

. >> that is toshiba on the radar. we have the stock falling over 6% this morning.he most since november 2017. it does seehas said full-year forecast close to what was reported by the nikkei news. we did have the nikkei reporting that toshiba is preparing to cut its full-year profit forecast by at least half, hurt in part by expenses in the energy business, weighing on stock this morning. shery: let's turn back to u.s. and china trade talks. they are beginning again in beijing as president trump's march 1 tariff deadline is looming ever closer. let's head to washington. john barrow no -- john joins us there. great to have you with us. thank you so much for joining us. the whitering from house adviser, kellyanne conway, saying that president trump doesn't want to meet president xi jinping. when it comes to the timeline, he has to meet kim jong-un. this means that we could be seeing that meeting happen after the north korea summit. it is a delay in the tariffs inevitable at this point? >> i don't think it is inevitable, but it think it is likely. when ambassador light

jurado en el caso de el chapo guzmÁn terminará con su veredicto un miembro del jurado hablÓ en el toshibadejar de influenciar de comprobarse el juicio podrÍa ser anulado y se tendrÍa que iniciar otro nuevo. >> antes del pronÓstico nuestra meteorÓloga nos amplÍa de la llamada mega tormenta. >> muchÍsimas gracias ciertamente es 1 u esto prÁcticamente ocurren altos niveles de la atmÓsfera combinÁndose con fenÓmenos meteorolÓgicos que ocurren en la sub ver si se definitivamente podrÍan provocar inundaciones importantes es una posibilidad y hay que dar bien preparados tambiÉn ha estado cayendo un poco de nieve en regiones montaÑosas pero ya mejorando las condiciones del tiempo. es la regiÓn de la sierra donde se espera mucha nieve por el paso del sistema. en san francisco esperamos los 56 para el norte de la bahÍa planifique sus prÓximos dÍas las temperaturas muy cerca de esos 60. ♪ >>en otros temas a la sociedad le preocupa la ansiedad y depresiÓn el problema de la salud mental rebasa lÍneas de gÉnero y raciales asÍ como socioeconÓmicas. >>el trabajo y que tan ocupado estemos no es excusa par

toshiba has not made a decision on profit revision.m for employees, it scrapped its individual variable bonuses and instead will pay people a percentage of their annual salary. those include employees in the human resources and i.t. departments. the payout would amount to roughly half a month's salary. that is the business flash. francine: thank you. brexit,t they latest on theresa may is seeking to buy herself more time to renegotiate her deal with e.u. weeks, mayver six has written to jeremy corbyn after he proposed a new deadline of february 26 for winning lawmakers backing of a final exit deal. first of all, if we leave brexit to one side, we have worse than expected u.k. gdp figures. do we assume the trend is going to get worse until brexit is resolved? although there has been political discussion all along, businesses had to make decisions. we see that in the data. whether brexit is resolved or not, a lot of those are in train and they are not irrevocable but once they have decided to move locations, it is hard to do a u-turn. ho

toshiba is expected to maintain its aim of $3.5 billion by 2024.: let's have a look at trading in australia. 2.5% up. net in committee estimates. up to 245 million aussie dollars. slightly over 7 million aussie. the company continues to see positive sales growth. during the christmas quarter and january, volatility increased, along with customers holding off purchases until key promotional periods ended. rishaad: ea said his latest release attracted 10 million users in 72 hours. apex legends is the company's latest free to play battle game. fortnite has had rival publishers catching to scratch up. david: lots more to come. we are talking currencies, commodities. wayne gordon will be joining us in a couple minutes. if you have any questions to him when it comes to iron ore, send them in. that is next. this is bloomberg. ♪ >> it is 10:29 a.m. in hong kong, 9:29 in new york. i'm su keenan with the first news headlines. we start with president xi jinping at economic aid, who will be a part of this week straight talk in beijing. the vice premier will jo

these cultural differences have developed over time as to the facts new toshiba. but there is evidence countering such claims several flying cars were on show at the twenty eight thousand geneva motor show and called the front seat of many visits. i want to try that and lift off the stick i'm sure it's going to happen so it's not realistic no it's not going to happen it's. aleksandr it so they won't be deterred by the naysayers his company appears to be going strong it has twenty five million euros in funding from dinah the parent company of miss eighty's. says this wasn't i don't like to stand still but to explore new realms that's what fascinates me. still there are limits. one thing that many people dream of that definitely won't be possible is. beam me up scotty it's great in movies but as long as the laws of physics hold we'll never be able to beam somebody up it would take too much energy here on earth. and its allies. heading skyward in a flying taxi might be a pleasant if more modest alternative. aliens from outer space are a staple of the silver screen li

staying with japan, toshiba has slashed profit forecast for the year by two thirds, $180 million, the cuts are due to the writing down in value of subsidiary, but also the japanese power project costs, cutting costs including winding up last year, in the uk the nuclear power has been wound up. all flights all flights to and from belgium have been cancelled today because of a 24—hour strike at the main airport bya 24—hour strike at the main airport by a transport unions. air traffic control say they are unsure about staffing levels. the strike is over wages, benefits and pensions, but will also affect buses, trains and ports. president trump has hinted the 1st of march deadline for us china trade talks could be extended. john is following this story for us, look, they have said, if they can get a deal, we are prepared to let the deadline slip, so, signs of a breakthrough. possibly, for a long time the us side were saying that the deadline is a very hard deadline, no sign they were willing to push it back. 0ver deadline, no sign they were willing to push it back. over the past few months

reports say toshiba will cut into the forecast.get will be lowered from the $550 million in november to between 180 and $270 million. the report blames higher costs for draghi down earnings. toshiba is expected to maintain by 2024. >> jp morgan says they continue to see positive sales growth but in january voluntarily increased along with customers holding off purchases. coming up we are just over one hour away from the chinese markets entering the fray. .u: this is daybreak asia i am su keenan. president xi jinping's top economic aid will be part of this week's trade talks in beijing. he will join treasury secretary stephen mnuchin and trade representative robert lighthizer as the u.s. and china seek a deal to expand -- avert expanded tariffs march 1. president trump said the sides are making progress but also said he is ready to impose heavy duties if necessary. retailing catering sales in china over the new near holiday -- lunar new year rose 8% from a year ago to $150 billion. the state broadcaster said revenue from tourism was

toshiba has fallen the most in 18 months after confirming and nikkei report that it will halve forecast cost is energy unit, with operating costs to range from $180 million to $270 million, far below the 540 million they projected back in november. earnings are due on wednesday. the new zealand prime minister says there is no diplomatic breach with china after questions about why a plane was forced to abort a flight to shanghai. he says the dreamliner returned to auckland because of "registration problems." however the jets paperwork included a reference to taiwan, which china tested be a claim that the island is independent. site --e online fashion to raised $225 million usd fund expansion into australia, indonesia, and the philippines. value the start up at worth almost $1 billion usd. many things are provided free, with the commission of between 10% to 20% on order. read it has raised $300 million from investors, one of whom has sparked online condemnation. tencent was among the investors which valued it at $3 billion. techcrunch signal the interest last week, and critics posted link

toshiba saying the four-year forecast is close to what was reported.reporting a net loss in the fourth quarter and its guidance missed the lowest estimate. ncsoft also missed estimates for profit in sales of the fourth quarter. watch for moves at the start of trade. shery: sophie with the latest. let's get a check on the currencies around the region. the japanese yen holding steady at around 110. really weakening from the 108 level. why the chinese yuan is also holding steady at 6. not a lot of movement when it comes to the market. haidi: we are waiting for the reopening of trading in tokyo after the public holiday. coming back from the lowest since the start of the year. ♪ haidi: a very good morning. i am haidi stroud-watts in sydney. shery: good evening from bloomberg's global headquarters in new york. i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top stories this tuesday, markets look set for a muted start in a week that has been pivotal for global growth. treasuries fall. trade talks resume in b

we are also keeping a not on toshiba ahead of its results do this morning.lunged the most in almost three months yesterday on expectations it will slash profit forecast. nissan -- the announced the dividend could support shares this morning. nexon could see more weakness. japan display could receive up to ¥80 billion investment from a group of chinese and taiwanese companies. shery: thank you so much for that. coming up on the next hour of daybreak asia, we will discuss the sentiment in asian markets ahead of asia-pacific. whe joins us on the top of the next hour. we have seen risk on rally in the u.s. we will see what happens. the market open is next. this is bloomberg. ♪ haidi: a very good morning. i am haidi stroud-watts in sydney. shery: good evening from bloomberg's global headquarters in new york. i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top stories this wednesday, asia-pacific markets are set to expand on a strong u.s. session. president trump's new tariffs flexibility. opec lowers its forecas

reports from japan say toshiba will cut its full-year operating profits when it reports earnings tuesdaye target will be lowered from the $550 million seen in $270mber to between 180 and million. they are expected to maintain its aim of $3.5 billion of full-year profits by 2024. haidi: reports from rome say delta once a deal that would -- they say discussions are complex. both airlines a submitted bids in november and a decision may be announced later this week. lufthansa reported the government may go with delta because it would not require job losses. shery: boeing and aviation regulators are expected to postpone safety fixes for the 737 max until april. the upgrades have been prompted by a fatal crash of a flight. thewall street journal says delay stems from a difference of opinion over how extensive the changes should be. the crash happened when a faulty sensor triggered a stall. haidi: coming up next, theresa may trying to get british lawmakers on side to grab her more time to get a brexit deal with the eu. this is bloomberg. ♪ is 9:30 a.m. in sydney where markets are open for a bra

toshiba has been laggard on reports it will slash profit. upside, the best performer on the hang seng index boostingr 5%, analysts targets on january sales for the carmaker. morgan stanley raising its price target as well. thank you very juliette saly in singapore. those are your markets. let's talk about other major issues. today we are asking the mliv team about defaults. tsen will china default seriously impact global risk appetite? you can reach us all on your bloomberg. now to congress and the negotiators, they have reached a tentative deal to avoid a new government shutdown. the agreement will give the president less money than he demanded, one point $4 billion, he wants $5.7 billion. trump says the shutdown was important to highlight issues on the border. notident trump: if we did do that shutdown, we would not have been able to show this country and the world what the hell is happening with the border. that was an important thing. manus: we are joined from our singapore studio. what can you tell us about this a deal? is it robust? >>

toshiba cutting its operating income for the full year, missing lower estimates. remember it has that very big drop before the results came through yesterday when it was the lowest in three months. today investors buying the news. softbank rallying strongly today. the t-mobile ceo saying he won't be buying or using any huawei equipment. you saw the australian sharemarket buck the upbeat trend across the region because it is the biggest stop by market cap on the index. overall, a solid session, looking at asian stocks will close at october highs. nejra: juliette president trump said he is open to extending a march 1 deadline to raise tariffs on chinese goods if the two sides are near an agreement. negotiators began the latest round of talks this week, little more than two weeks ahead of a planned doubling of duties on $200 billion of chinese imports. our guest is jeremy stretch. let's start with the yuan. i was talking about what a great month it had in january, some doubting the sustainability of that rally. what do you need to see from the trade talks for a rally

toshiba the winner. one to watch after profits topping the highest estimates.>> policymakers committed to rate hike patients. -- patience. ♪

japan's toshiba has slashed its profit forecasts for the full—year by two—thirds to around $180 million business in the uk. intercontinental hotels — the owner of holiday inn and crowne plaza — has bought six senses hotels and spas, for $300 million. the firm has 16 hotels and resorts, including properties in the maldives, seychelles and 0man. ihg, which has been hit by competition from online rental services like airbnb, is trying to fight back with more luxury hotels and resorts. the lawyer defending former nissan chairman carlos ghosn over charges of aggravated breach of trust and understating his salary has quit. the former prosecutor notified the tokyo district court that he was no longer representing mr ghosn. no reason has been given for the resignation. japan's sankei newspaper says mr ghosn has hired hotshot lawyerjunichiro hironaka as his replacement. let me show you the market because there is a lot moving them given the uncertainty. the ftse 100 there is a lot moving them given the uncertainty. the ftse100 given the inflation figure is falling below that 2% target, the bank