i am tracy alloway. the usa inflation data is expected at 8:00 a.m. eastern time. you can take a look at what is going on. it is not much going on in markets, lots of green, lots of red. if you scroll down, it means lots of great which means things are doing much of anything. the biggest losers are indonesia and australia. the australian banks and headed of the government inquiry. if you page down a little bit, you will find the nikkei. losses.lding on above that is in the midst of this growing political scandal that is developing with the japanese finance minister. the yen climbing. let's take a look at what oil is doing. we've got brent and wti both down. that is after the eia forecasting the shale production to rise by 131,000 barrels a day in april. we are expecting inventory data tomorrow. that is expected to show a build in stockpiles. the bloomberg dollar index is gaining for the first time in a couple of days. we've got 10 year u.s. treasury yields not doing much after yesterday's big auction of new debt. that might be moved later today once we get that inf

i am tracy alloway in dubai. tell bloomberg that e.on is in advanced talks to acquire rw e green energy business. the deal could be announced as soon as monday. germany back in fossil fuels. people familiar with the matter say no final decisions have been made. the dell -- deal could still fall apart. there will be no bonuses for deutsche bank's management for a third year running. instead, forgo that hosting the bonus pool to more than $2.5 billion. ceo is trying to motivate and retain highly paid investment taking staff will keeping a lid on cost after three straight years of losses. facebook has reached a deal with major league baseball for exclusive rights to stream and 25 afternoon games. is the first time a major sports make ahas agreed to show late-season game solely on a social media platform. to get ahad talks majority stuck in emi music. looking to cash in on the coming market for news extending. -- music streaming. adding emi's catalog would solidify sony's position as the world's largest music possibl

i am tracy alloway alloway in dubai. let's get a check of the business flash headlines.di aramco got a cool response on its ipo from american investors. there has been pushed back at informal meetings in the u.s. on several aspects of the deal, including that proposed $2 trillion valuation. the saudi's have indicated the aramco offer may be delayed until next year. large digital companies operating in the european union, such as alphabet or twitter, on theire a 3% tax gross revenues based on whether users are located. that is according to a draft proposal by the year in commission seen by bloomberg. the plan, which is expected to be put forward this week, would only represent a targeted short term solution. ultimately, the eu wants a more comprehensive and longer-term approach. cambridgeas suspended at a little cut, a data company that helped president trump when the 2016 election. the social network said they received user dater that violated its policy and may not have deleted it all. contrary to assurance was given. they said they did nothing illegal and is in touch w

i'm tracy alloway. the major stories driving headlines from the region this week.ff, -- global investors turn as president trump fires his secretary of state. oil gets a little bit of a bomb as traders consider the impact it may have on policy towards iran and venezuela. qatar cash raising continues. the gulf nation offloads its entire stake amid the ongoing isolation by neighboring countries. chasing foreign funds. shares in some of the region's biggest banks soar as they announce plans to increase their foreign ownership limits. first, the white house confirmed this week that president trump will welcome a saudi prince on march 20. that is as international competition continues. amid hints from the kingdom about the ipo could now be delayed until 2019. i got more with the ceo and founder of qamar energy. >> the two cases are similar and different. it was an initiative from the top. this initiative on the ipo of aramco is also driven by the top, but it concerns aramco very much. the other hand, the cost of leadership is very much on board with it. the problems and

michael mckee and tracy alloway, always good to catch up with you. , sell stocks, by bonds. portfolio changes following yesterday's sellout. as we go to break, and other look at best buy up about 4%. the company reported earnings and they came in at two dollars and $.42. -- $2.42. they see comparable sales for next quarter. theould point out typically stock can move upward 7% on earnings. a 4% move is not out of the norm. this is bloomberg. ♪ ♪ alix: president trump said to announce import taxes when he 5% on aluminum. the eu and china considering which american products to slap tariffs on in retaliation and donald trump tweeting now. i want to point out donald trump is tweaking right now "our steel and aluminum industry's have been decimated by unfair trade and that policy with countries from around the world. we must not let our country, companies and workers be taken advantage of any longer. " what is the response? industryinese foreign desk ministry has responded. it will harm u.s. business and they will -- chinese foreign ministry has responded. they are looking at agri