on chinese goods coming to the u.s.. these u.s. imports to china include automobiles, soybeans, chemicals, and aircraft. trading underway in jakarta. at theis having a look general flavor. it is quiet, but at least positive. mind, we haven almost half of asia's markets caps off with china, hong kong, and taiwan on holiday. have it joining the fray, adding .9%. the move across the region is seeing the yen lose ground, eyeing the 1.07 handle against the dollar. japanese shares are 1.5% with health care and real estate leading gains in tokyo. in singapore, we're seeing sti rise nearly 2% to lead the region higher. could be a hint of what to expect when hong kong returns friday. as we count down to the policy decision next week, we are seeing banks gain ground in singapore. in malaysia, stocks are rising over 1% ahead of trade data do this afternoon. the trade surplus is forecast to have narrowed in january. we have cost up 1.3 percent, focusing on the auto space -- a mixed bag there after the march auto data came out. we do have expor

the u.s. has also had a twelve companies to its sanctions list one of the targeted businesses is the group which makes commercial vehicles it is partly owned by the top oligarch on the pasta who also faces personal sign jones the west's firm stance off the poisoning of a former russian spy in england is likely to have triggered a new sanctions. however the us government has been under pressure to react following russia's alleged interference in the last us presidential election it's saga warfare and its military activity in ukraine and syria. we stay in the u.s. where the latest job figures show that the economy only added one hundred three thousand jobs in march that's down sharply from the previous month the numbers are important as they show us just how strong the u.s. economy is despite the weaker jobs growth companies are eager to hire new employees the problem is they're struggling to find qualified workers. at all was say last month's modest draw gainst may indicate that some u.s. emplo

and because of u.s. pressure and u.s.outhern border plan, which referring to mexico's southern border, there is this enormous pressure from mexico to also treat these refugees as either kill immigrants. -- illegal immigrants. i think the caravan members, when i was there, their clear this is also just kind of a caravan that is also there to fight for their rights as refugees and asylum-seekers, in both mexico and the u.s. legal advice for people so they are aware of their rights in both mexico and u.s., so they can make a decision whether they would like to try to stay in mexico and apply for asylum there or hand and apply for asylum in the united states. nermeen: if i could ask you to elaborate on that, the changes in mexico's immigration and asylum policies. what specifically the u.s. has been asking mexico to do and the enormous transnsformation ththat occurrrred. since 2015, mexico has been deportining more p people frfrom central americica than the u.s. has. >> that is correct. plan,t of a longtime which some people

u.s.n syria imminent. that seems to be driving the dollar-yen. we will talk futures in a second. so much going on in commodity markets. laterd to talk aluminum in the show. i've accrued oil up there. a little softness coming through perhaps because of the api data. we were seeing gains yesterday. we saw oil gain with the easing of trade tensions. we have a report on the bloomberg, saudi arabia has an ambition for oil. we are keeping an eye on u.s. cpi data. you've got to mind the gap in terms of what the indians want. they want stability in the market. you mentioned cpi data, it will be incredibly important. you are looking for a core figure of 2.1%. it is all about cell phone prices. they have dropped out of this month measurement. mov, and it needs to move. this is the one year average of the index. this is a record low in november. this is markets explained 101 literally. we are not seeing aggressive moves. , theillion worth of paper highest since 2007. there are different things out th

china hits back in response to u.s. tariffs on chinese steel and the minium beijing now imposes levies on the u.s. products including pork wine and fruit we'll get more on the world's top two economies trade dispute from our asia correspondent. also on the show portugal abandons the austerity. policies pushed for by the e.u. the result the portuguese economy is growing again. welcome to d.w. business stocks in china kicked off this new week with mild losses amid lingering worries of a full blown trade war with the united states on sunday china announced tariffs of up to twenty five percent on one hundred twenty eight u.s. imports including pork and wine the new tariffs kick in today and beijing said the move was to save china's interests and balance losses caused by a new us terrorists. these american avocados are destined for the chinese market but they might not sell so well anymore now that china has imposed tariffs on fruit and meat while steel pipes and scores of other imports from the usa the rates of fifteen perc

one, pushing the u.s. to accept more refugees -- not just the u.s., but the u.s.hut down its borders. countries across the globe are shutting down borders to refugees, but especially were -- especially syrian refugees. and demanding that we talk about syria based on what the syrian people rose up and amended and looking at it that way and demanding, yes, an end told airstrikes, more humanitarian aid for survival, and accountability for all war crimes. amy: chelsea manning, you're running for u.s. senate against ben cardin. the primary is in june. what about the issue of taking the u.s. bombing of syria to congress, to have it authorized? >> i think congressional obviously, no-- single person should have the power to be able to arbitrarily engage in airstrikes for whatever reason without any checks and balances or anything like that. i really think that having a president or having any single person with this much power is problematic but i also think in this instance where you have -- even if yet congressional authorization, this is not about -- you don't bring hu

juliette: u.s.trump has said he plans to deploy the military to gaza border with mexico. he told can leaders he would abandon the north american free trade agreement. trump has previously suggested he would use the money allocated for the u.s. military to construct the border wall which he has been unable to secure congressional funding. in washington, white house insiders say there are no discussions about turning the power of the trump administration against amazon despite the presence twitter attacks on the company and jeff bezos. they are not aware of any ongoing discussion about turning trump's tweets into action amazon -- action against amazon. the president of the san francisco federal reserve is heading to the big apple. john williams has been named the new boss. he will succeed william dudley making him a part of jerome powell's leadership team. in the u.k., today marks the deadline for companies with at least 250 employees to report their gender pay gap's. -- 18%'s prime minister differenc

has betrayed them because the u.s. just left them they love turkey to literally eats up all of this kurdish territory in the north of syria now what we're seeing in the whole country which is very different to how the previous situation was is it's a war of peripheries now if you look at it the only areas where there's conflict and there's tension is border areas you know between syria and syria and iraq syria and lebanon syria and jordan the sense the center of the country has been retaken because of the russian intervention in two thousand and fifteen and now we go back to that huge intervention without russia intervening we wouldn't have the situation the other eight and the u.s. only acting out of envy because they want to be in russia's position you know russia today russia so over the over the previous weeks as brokered a number of agreements for rebels to leave areas around damascus and call them own while the u.s. is looking on words striking one of two military targets in a very vague attack which which ultima

because that would put pressure on the u.s. to reverse it. u.s.&p market 500 beenown maybe dollars and now down about $180 billion. you have to think the tariffs will be extended to a much broader set of categories that justify the selloff that has occurred. vonnie: several different ripple effects, you say that it will affect confidence. it will affect assets prices, particularly the more sensitive asset prices to policy. >> i think it will. it should not obscure the point that, if you are a country that sells 3.5 -- exports to the is 3.5 times what you import, your goods overwhelmingly labor-intensive relative to the u.s. and you have higher tariffs . it is hard to win a trade war starting with that, unless you are particularly strategic and the other side is particularly bundling. they should have it manage. on the equities side to some degree but on the economic side the u.s. should have the advantage. mark: our markets suited for this role of becoming the barometer of successful policy? >> no. i think they are very poor choice. markets are no

former u.s.irst 80 barbara bush is in failing health -- first lady barbara bush is in failing health. first lady is under home health care. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. u.k. prime minister theresa may is set to address parliament over the syrian airstrikes. the decision on more russian sanctions will be made in the near future. we are discussing this now in washington and london. let's start with mark and ask you what theresa may is likely to say about the airstrikes. definite support from the british and french for the u.s. strikes. >> i expect she will say things right much along the lines of what she has already said. she will say there was no alternative but to go through with the strikes. she will also justify the fact that she did this without first getting a vote from parliament. it seems that the fallout so far is pretty contained. are we anticipating more

u.s. a sense of risk off but smaller declines relative to what we saw before. map, at this point, for sectors trading higher -- four sectors trading higher. just seven sectors lower now. industrial on bottom with companies, investors selling on the possibility of a trade war with energy and materials up top. even though the declines are relatively small, investors are going to be more defensively natured sectors. tech had been the worst sector earlier but one reason it is no longer the case, now apple is trading higher, 20% of their revenue does come from china. investors think this company will not be impacted at anytime soon. u.s. centric companies trading higher, including cbs that cvs, walgreens, kroger, most of the revenue comes from the u.s., most of the products sold not affected by a possible trade war. the technicals are still weak for the s&p 500. 4399, whicht g #btv you can access on gtv, a one-year chart of the s&p 500. uptrend last year where the buyers had the index above the

the u.s. means and whether china will retaliate in a huge way. we will have to wait and see. also tracking the yen, getting close to 107. it is retreating somewhat. we are looking at 105, 108. important levels for both of the economy and manufacturers. yvonne: not just on the trade front was a dollar-yen. waseard governor kuroda thinking about an exit, but not talking about it yet. at least they are more open about talking about an exit strategy. take a look at the tariff lines. 1300 targets -- products have been targeted by the u.s.. it is certainly runs the gamut. a wide net when it comes to medical imports like painkillers and surgical supplies. that will hit the pharma sector. than 5%.ticals of more industrial tools and materials as well. we are seeing a rise of 2%. usually the one that has been under the most pressure, acc, one of the ones hardest hit. we are seeing that down about 1%. defense also one sector to watch out for. that is rallying today. responsebeen a muted from investors so

the u.s. institute for peace, the president's special envoy for defeating isis, bret mcguirk, seemed to say precisely the opposite. >> we are in syria to fight isis. that is our mission. and the mission isn't over, and we're going to complete that mission. >> a source close to the white house tells cnn that defense secretary james mattis has avoided bringing up the topic of syria withdrawal with the president. the source says the pentagon sees its job as destroying isis, something trump likes. so there's no upside to discussing u.s. troops in syria which he does not. >>> major breaking news at 4:06 eastern time. china is going to impose a 25% tariff on 106 products from the u.s. that's according to state media cctv. the date the tariffs will go into effect will be announced separately. the 106 products from the u.s. fall under 14 categories including, most importantly, soybeans. this according to cctv. a response to the white house detailing the $50 billion in chinese goods it plans to hit wit

u.s.arket volatility and how housele it was, the white hints at negotiations, offsetting concerns about an all-out trade war with china. su keenan is here with more. we are looking at a bullish reversal. >> whenever you see a market close way off the low -- and let's go right to the chart, down 1.5%, not just yesterday, but starting this morning, coming back, the biggest two-day gain in five weeks. check out the intraday chart as you look at the bloomberg. were going to go to a bloomberg chart. this is the s&p 500 spread. wherever you have seen big drops andhe s&p, here earlier again the recent selloff, you see a huge spread between the high and the low. are called these reversal days and set up for positive action in the next session. let's go into the market snapshot. we saw the dollar fall. safe haven demand is back. a see a pickup in oil despite surprise, or this came as a surprise drop in u.s. supply. see the huge you because of this tit-for-tat and reassessing of whether this is a tr

u.s. strike in response to the alleged gas attack in syria. than oracle this is a live from doha also coming up on syria begins three days of national mourning up to the country's worst plane crash kills more than two hundred fifty people plus. celebrations in azerbaijan those present wins a full term and a vote boycotts of by the opposition. and why the risk of cancer is pushing communities in ivory coast to change the way they spoke their fish. present donald trump has warned syria's ally russia that missiles are coming in his response to sas they suspected chemical strike and doing that in the capital damascus moscow has hit back saying america should target terrorists not the syrian government actually general has called on the security council to prevent the situation spiraling out of control one hour from the white house correspondent kimberly how close. this is how the united states responded to last year's nerve agent gas attack in qana by attacking a syrian air base with tomahawk

u.s.ould rejoin the cbp. betty: and from the global headquarters i am betty liu in new york where it is after 7:00 p.m. thursday. hong kong stepped in to defend the dollar. the monetary authority makes its first currency intervention since 2005. bitcoin is back at least for a day. the biggest cryptocurrency remains near $8,000 in its biggest surge since december. ♪ betty: you know, we have been concerned over the last several weeks on geopolitical risk on trade risk. if you look at this chart, it makes it seem we may not even have to worry about downside inflation risks. this line chart shows how the fomc officials are looking at core inflation and now see pretty much zero downside risk to inflation, which then begs the question whether it is now all upside business to inflation instead of three interest rate hikes. they could see four this year. yvonne: that could be a bit of a headway when it comes to the equity rally. the risks we have seen in the last 24 hours, because his invite from

the u.s.ut has yet to brand it or any other nation a currency manipulator. the semiannual fx report adds india to a watchlist and indicates washington may expand the number of countries being monitored. they include the usa's 12 largest trading partners plus switzerland. japan and china say they will work together to encourage north korea to abandon its nuclear program and the latest sign of improving relations between asia's to largest economies. foreign minister in tokyo the first of its kind in eight years and came ahead of a korean summit and president trump's potential meeting with kim jong-un. the will be a visit to japan next month. tougher lending standards threaten to cool australia's once red-hot property market. an inquiry into the financial industry misconduct is likely to lead to greater regulation of the $1 trillion plus mortgage market. the banks have an unrealistically low living expense report, and ubs says a genuine report could reduce borrowing power by 35%. profile of raise

the u.s.fs on china are still proposals, not in place yet. he underscores the door is open. i thought about the art of the deal -- is that what donald trump is up to? these trumpet tariffs, are they the art of the deal, or just bad deals? [laughter] could it be when you were talking about the economy? everyone is saying, it will not do much to the economy now, it is still small, but the dallas fed came out with a study on tariffs and what they will mean. let's see what they came up with, publishing it today. it will cut long-run gdp by 25 basis point. not much, but a full-blown trade war to cut u.s. gdp by 3.5%. they also conclude there is good in a full-blown trade war. they said the u.s. trade deficit would fall to zero. wow. i don't know if anyone would want to go through that to get there. in some extreme ways there may be some logic here. it sheds away from conventional wisdom that perhaps it will not dent the economy, it will impact confidence, if anything. good perspective, thank you. l

and the u.s. in trade and in other matters and make sure that that is all understood and taken into account when we decide how we're going to resolve the trade issues that are out there and from the sense that you get when you speak to export in companies for example do you think that there will be a big impact in the economy as such in the end or do you expect stability rather well as we just heard the steel is really almost symbolic when it comes to trade at least between germany and the u.s. and that's why like i say we should not overreact because knowing our proclivity to export that's what has made the german industrial base so successful we could very quickly see problems if a real trade war erupts and there's a whole list of things that suddenly are slapped with carrots and we should never forget the ultimate losers the consumer any tariff that goes out there is a tax on people that are buying the products that are produced in either germany or the u.s. francs or laurie from the german ame

one day after u.s. president donald trump declared the united states will pull out of syria i want to get out i want to bring our troops back home the white house was on wednesday attempting to make sense of the president's statements arguing the u.s. would withdraw but not just yet as this environment has changed because of the success under the president's leadership we're evaluating it as we go the softening of the president's position as the result of a national security meeting trump pad with top advisers he was informed there was still work to be done withdrawal of the two thousand military advisors and special forces could allow eisel to regain a foothold in the region we shouldn't go into iraq on the campaign trail trump pushed an america first agenda arguing foreign conflicts have cost taxpayers too much it's a point he reiterated on tuesday well meeting with baltic leaders seven trillion dollars over a seventeen year period we have nothing. it's perhaps one reason trump is excel orating withdr

the u.s.t other countries who feel china has taken advantage. rishaad: talking of china, saying has responded, the u.s. is violating international trade rules. the question, how far is this a legitimate complaint? >> it made me think harder about trade policy. a lot of these things don't come into play regularly, like section 301. that is what he is invoking against china, section 301 of the trade act of 1974, and it allows the u.s. by itself to respond to what it sees as unfair trade. came into being, you have not seen a lot of this action. just limited to trade barriers that violate wto rules. it singles out intellectual property rights in particular, some saying trump is using up u.s.3012 u\/ to leverage. japan and brussels joined the complaint. .aybe the trump team is right when it comes to intellectual high-tech, targeting made in china 2025 to achieve a higher position in terms of production, and now more countries are saying if you are going to violate the rules, we have to fight back.

u.s. has threatened a military response in syria for that attack also coming up. the number of executions carried out last year around the world fell compared to the year before that's according to a new amnesty report on capital punishment. and a last ditch push today in italy to form a new government after last month's inconclusive elections our reporter went to rome to ask alterations there why it's so hard to come up with a deal. i'm brian thomas thanks so much for being with us russia says the syrian military has now taken complete control of eastern ghouta that's the last rebel stronghold near the capital and that includes the town of doom of the site of an alleged chemical weapons attack over the weekend the trumpet ministration has threatened to respond saying all options are on the table will cost our correspondents for more on the international dispute over that alleged attack first we have this report. a rare moment of celebration for syrians at least government supporters they

u.s. and russia trade threats at the un never a suspected chemical attack in duma donald trump puts military options on the table . hello i'm down in jordan this is al jazeera live from doha also coming up china's president promises a more even playing field for foreign firms as a trade war looms with the u.s. . a peace accord in perilous a former colombian rebel leader is arrested for alleged drug trafficking. malaysia's prime minister faces the strongest challenge yet to his grip on power as an election date is set. the u.s. president says he'll make a decision shortly on how to respond to a suspected chemical attack in syria donald trump says all options are on the table including military action a white house correspondent kimberly hellcat has more. u.s. president donald trump says he wants someone to pay for the suspected chemical attack in duma on monday he convened his cabinet to discuss it it was an atrocious attack it was horrible when you are studying that situation extremely clo

the u.s. and russia trade threats and the u.n. never suspected chemical attack in syria as donald trump puts military action on the table. blowing down jordan this is al jazeera live from doha also coming up the f.b.i. raids the home and office of the u.s. president's longtime lawyer the man in the center of a large payment to a pawn stop. shipping promise is an easier business climate for foreign oil to firms as a trade war looms with the u.s. . a peace accord in peril outrage than colombia's form of one rebel group of this leaders arrested for alleged drug trafficking. the u.s. president says he'll make a decision shortly on how to respond to a suspected chemical weapons attack in syria donald trump says all options are on the table including military action a syrian aid organization says dozens died in saturday's attack in the rebel held town of duma that's near the capital damascus the syrian government's main ally russia denies that. we're making a decision as to what we do with respect t

although the u.s.nced a 60 billion package, we actually calculated the amount of those products at that very detail level that the u.s. announced. it was much less than that. it was barely half. a 50 billion,with real 50 billion package. it was too big for what china can do. china can do many things, but not on trade. which worries me even more. we will see how the market reacts. it will be worse if it reacts differently than trade. betty: the jets -- it's interesting you say that why do you think the chinese scramble together a package like that? alicia: four populist reasons. populist reasons. for both, it is nice to show they are reacting to their "strategic enemy." that is what we have seen. i don't think china benefits from this package, frankly. they will have to backdrop to what they will do is do it through announcements of reforms . i think that is what they are going to do. to show that they will open their market. that is the best-selling point, offering the u.s. market access. everyone has

it increases the u.s. companies adopting that dual education system what do you what do you hearing from them. indeed these clusters or apprenticeship programs started on the initiative of the german companies but bit by bit now three years down the road more and more american companies japanese companies and other european companies are joining and sold by now in these programs that are certified by the german american chambers of commerce german companies are only fifty percent of the participating companies and as we also have seen in the sport we have seen before. it's the german companies who start the process and then it's actually the peers american companies japanese companies in the region who see what's happening who go there talk to the c.e.o.'s talk to the apprentice a little apprentice what they are actually learning and why it's a good idea and then they say ok this is actually a convincing model so they then join the program later on this is something we have seen not only in georgia but all

u.s.ures. euro-dollar unchanged. actually and up not being the full on trade war. you can see it in little bit of an impact in the u.s. debt yield 2.28%. coming up on "bloomberg surveillance," we get an georgia's --ke on 's choice, hans christoph, rupert harrison, and adair turner join us. mel is to check with nejra cehic. nejra: lenders should be faster at making decisions. deutsche lite version was previously head of the bank's arms, replacing john cryan. they have seen three top leadership appointments in six years amid pressure from investors to improve stability. election to become prime minister of hungary. the two thirds majority at won in the previous elections. the block between the u.s. and china could leverage the role between the largest markets, polled the role of national trade. he spoke to bloomberg at the workshop in chernobyl. it is involving ,nternationally agreed rules and that is within wt via. justin: japanese prime minister has apologize for a second scandal in a mont

u.s. u.k. and france against the syrian government is the most significant attack against president bashar assad and the first coordinated retaliation for last saturday's suspected chemical attack on duma washington and its closest allies launched more than one hundred missiles targeting a scientific research facility in damascus and to chemical weapons storage facilities now homes one was also a minute she command center syria says it shot down thirteen incoming missiles over damascus while its ally russia says syrian forces intercepted seventy one cruise missiles throughout the country u.s. president donald trump has praised the strikes as perfectly executed calling it mission accomplished. syrian opposition says the strikes by the western powers do not go far enough and that all attacks by the syrian government must be stopped so i'm going to have a report. on turkey's southern border with syria. this is what's left of the burrs a scientific research center targeted by missiles from the

the u.s., great britain, and france. we will have live coverage of that meeting at 11:00 on c-span. while we wait for it to begin, some of the discussion on syria from today's "washington journal." cafarella, a senior andlligence planner at -- she is here to help us continue to break down the strike yesterday against syria by the u.s. and its allies. thank you for joining us. before we get started, remind our viewers, what is the institute for the study of war? guest: it is a nonpartisan, nonprofit think tank. we do what we call intelligence firm openly available sources. we develop a granular, high fidelity picture of conflict zones where american forces are deployed or theaters where they could need to engage in the future. our hope is to inform decision-making in washington and to help educate the broader public on the threats that face this nation and ongoing military efforts. have anys the group specific point of view about the use of military force in syria? guest: no. we have analysts w

the large u.s.eficit with china and with the world trump has a tendency to mix those things together as if they are the same problems. they are really very different problems that need to be dealt with differently. of violation of the rules you go for the board -- wto. there is a mechanism for that. it is slow and frustrating but we know how to go about that. trade deficit as a whole has to do with macroeconomic factors including the low u.s. savings rate. throughnot dealt with raising tariffs in other countries and i think trump is making a big mistake by putting together these very different things. vonnie: the wto is problematic because we are ambivalent about the wto right now. i want to ask you as well about between customers and companies. on the one hand this is going to offset some of the tax benefits the companies have seen from the trump administration. consumers in both countries are going to suffer. >> they are. china has the advantage of a unified government top down. xi jinping sets th

the u.s. military officials say the strikes were carefully targeted against syrian president bashar assad's chemical weapons capability. >> they will lose years of research and development data, specialized equipment, and expensive chemical weapons precursors. it was a strong action to the regime but inflicted maximum damage without unnecessary risk to innocent civilians. >> right now this is is a one-time shot and i believe it set -- sent a strong message to dissuade him. >> french officials released videos of their jets joining. theresa may told reporters there was no alternative to military action. russia's ambassador to the u.s. warned such actions will not be left without consequences. after daybreak some syrians gathered and showing support for president assad. the syrian government released video of president assad arriving at work going about his business as usual. >> among our team of nbc correspondents covering the story jeff bennett at the white house. we begin hans nichols. double

u.s. president donald trump doubling down on a possible trade war with china and zhang has a clear answer they say that they will fight the measures at all costs and to the end. all that more coming up with their heartfelt verse in just a few minutes i'm sara kelly in berlin thanks for watching have seen against. one hundred million tons of sand and. devastate everything. with deadly consequences. the storms they become a. magnet to frequency. once they start there's no stopping them. just starting april seventh on d w. a. so much for deescalation the e.c.b. warns of a one percent drop in world economic output as a consequence of a possible trade war as donald trump doubles down on threats to china u.s. officials now examining even more tariffs on chinese imports beijing vows to fight the measures to the end. trade war no trade boy konami cooperation between the u.s. and germany is alive and kicking at least on the grassroots level germany's of friendship model is making. headway in the u.

. >> u.s. allies britain and france were also part of the strikes on what are said to be chemical weapons facilities. >> the combined american, british and french response to these atrocities will integrate all instruments of our national power. military, economic and diplomatic. >> u.s. officials said they hit three targets, including a biological warfare research site and two sites near homes. one a sarin gas production facility. the other a storage site and command post. >> we did everything we could in our intelligence assessment and our planning to minimize to the maximum degree possible any chance of civilian casualties. >> cruise missiles were among the weapons used and british tornado jets, u.s. b-1 bombers and war ships also part of the strike. >> we had some initial surface to air missile activity from the syrian regime. that's the only retaliatory action that we're aware of at this time. >> the strike comes less than a week after a suspected chemical weapons attack on syria's rebel-h

u.s. process against u.s. companies involving u.s. account holders, there shouldn't be an issue, even frankly, that would come up in that situation. so having a conflict of law analysis apply doesn't make any sense. other than that, though, i think that's the only one i can think of in this context. >> right. and i know it's only been a few days literally since the act has passed, but just as you're thinking through the practical implications of how doj is going to use this act, to what degree will these kind of factors you're talking about such as commity and those kinds of issues sort of shape when you will use process versus trying to negotiate with the provider versus asking them to litigate. how will those factors figure into the practical use of this? >> just to feed off the point richard just made, when it comes to u.s. investigations, in our view this legislation restores the status quo. we would serve process in the way we always have and traditionally always have with respect to crimes we're investigating under violations of

u.s. and mexico border. a caravan of migrants arrived overnight and have a political target on their backs. the group vowing to stay put. >> we know the risks. we will negotiate in a different way. >>> u.s. gearing up for talks as north korea on the heels of the korean summit. how soon could kim jong-un lose the nuclear testing site? we are live in seoul. >>> a mega merger for two mobile phone companies. why a union with t-mobile and sprint could mean you pay more for service. they say leads to lower prices, though. we will discuss? >> we will. i wonder what regulators will say. >> that is the question. good morning. i hope you had a great weekend. welcome to "early start." i'm dave briggs. >> i'm christine romans. it is 4:00 a.m. in the east. right now, immigration showdown playing out at the u.s. and mexico border. a caravan of migrants camped out at border. dozens of asylum seekers are outside the immigration processing center. >> at a rally in michigan over the weekend, president trump

one, pushing the u.s. to accept more refugees -- not just the u.s., but the u.s.hut down its borders. countries across the globe are shutting down borders to refugees, but especially were -- especially syrian refugees. and demanding that we talk about syria based on what the syrian people rose up and amended and looking at it that way and demanding, yes, an end told airstrikes, more humanitarian aid for survival, and accountability for all war crimes. amy: chelsea manning, you're running for u.s. senate against ben cardin. the primary is in june. what about the issue of taking the u.s. bombing of syria to congress, to have it authorized? >> i think congressional obviously, no-- single person should have the power to be able to arbitrarily engage in airstrikes for whatever reason without any checks and balances or anything like that. i really think that having a president or having any single person with this much power is problematic but i also think in this instance where you have -- even if yet congressional authorization, this is not about -- you don't bring hu

u.s.already speaking at a high level to north korea. a second day of robust gains when it comes to u.s. stocks, the s&p pushing through that 100-day moving average. can it be sustained? it seems the skyhigh expectations for what is anticipated to be a blowout earnings season is creating quite a bit of support when it comes to sentiment. 30 minutes away from the open. singapore, taiwan, and malaysia coming online. sophie. bounce across asian markets led higher by japan and south korea. 1.1%, the 225 adding kospi up 1.25%. japanese investors with the latest trade figures to digest. surplusnce swung to a and export and import growth less than forecast. this could be a negative for japanese stocks and shinzo abe has that dropped in import shows domestic demand is slowing, something for trump to consider during this summit. sayinghave larry kudlow steel and aluminum tariff exemptions would be on the table, but yet to hear of any concessions on that. i want to highlight the u.s. treasury market.

u.s. trade tariffs or german chancellor angela merkel was the latest of not only didn't involve a bunch of trouble because that was a big. germany france and britain site they would move quickly is that hit by these potentially crippling so how might the trade for the europe's major economies also on the program enough. for the suicide bombings killed two explosions rocked kabul's diplomatic corps something even journalists into these offices amongst the dead and eleven children were killed in a separate blast in the south of the country. from serious notorious prisons has been talking to a former inmate not speaking out about torture. welcome to the program. at the clock is ticking on time it's governments around the world are getting ready for a possible trade war with the united states as washington rapacity side with a stiff import duties on steel and other million should come into effect tomorrow have a chance and i'm going to french president emanuel mccrone we're going start leaders

the u.s. president raises the stakes in his trade dispute with china and he's also threatening to take aim at europe it may be just a negotiating position but it also raises the question is the global consensus around free trade coming to an end this is inside story. hello and welcome to the program i'm daddy and for decades there has been a broad international consensus free trade as goods protectionism is bad well close markets make nations poorer and the free flow of goods across borders also met lee benefits everyone but now that idea is being challenge from an unexpected corner the u.s. has always been the world's biggest champion of free trade but donald trump is threatening allies and rivals alike with duties and tariffs his main target so far has been china but on thursday he made it clear he doesn't see china as the only problem in many respects i think we're going to have a fantastic relationship long term with china but we have to get this straight now we have to have some balance a

you can see the likes of u.s. equities, u.s. bonds, even u.s. 3% returns on average over the 30-year timeframe. asian equities have performed relatively poorly. you have made negative returns .n average basis of course over 30 years a lot happened, so there are times within those averages that you would have great returns, the likes of the rebound in 2009 for example. you would have missed a 20% rally in european stocks if you had sold in may and gone away. this is getting into the start of may, it is something you will read more in sell side straddle is -- cel-sci strategists who are keen to pick up on this. looking over 30 years, it has been a tough start to this year. people have been rocked by a lot of things, geopolitical concerns, some of the inflation worries rearing their ugly head again. it is a lot to suggest it will be a rocky time over the next kind of 15 months -- few months as we get to september. paul: adam haigh, thank you so much. remember bloomberg users can interact with the charts that we show using g tv . you can browse

oh the u.s. definitely has a strategy they're taking this very very seriously and i think we can see that by the fact that cia director might pump a.o.m. to pyongyang and have discussions with kim jong un himself the united states only has a strategy they've been careful about stating that they don't want to raise expectations too high because you know the outcome is not going to be anything is going to be some degree of promise by north korea some process work hotelling that promised some early. dismantlement by north korea of the test site maybe of some of the facilities that young and then a lot to be determined in the months and years ahead ok robert do you agree with that even the u.s. has a solid strategy going to this summit i mean we we still don't have a u.s. ambassador to south korea is there a team in place do they know what they're getting into yeah i'm a little bit more skeptical on that primarily because of the president's on erratic personality i'm genuinely doubtful that president

the u.s. says it's locked and loaded for another military strike if the syrian government uses chemical weapons again now that warning follows the most significant western allies attack against president bashar al assad's government in the seven year war the u.s. u.k. and france launched more than one hundred missiles on sites they say were linked to syria's chemical weapons program it was in retaliation for last days to suspected chemical attack on the town of duma and the smoke was still rising from those sites as the reaction came in from across the region to hear expressed support for the strikes the syrian government and iran called the criminal russia drafted a u.n. security council resolution to condemn what it called the aggression that was voted down as mike hanna reports from the united nations. this is the first time the council has met on syria this week a series of meetings that have served only to illustrate the massive divide on the issue because the secretary general's repeated

so that u.s. forces don't get in close proximity to russian fors and don't shoot at each other but no courtesy advance warning, purely deconfliction to -- no discussion or kmiseration in advance of the attack. >> and he called out the russian promise that in 2013 they would guarantee the release of -- chemical weapons an mattis in that press briefing -- >> that is right. and a fair thing to do -- and probably you could imagine the president calling out the obama administration for the deal following that previous use of chemical weapons when the president -- president obama at the time considered a military response, backed off that red line, developed this deal with russia, the opcw and others to remove the chemical weapons. it is very clear that all of the chemical weapons were not removed because we've seen the syrian regime use them repeatedly since then. >> jim sciutto, stand by. i want to get major general james spider parks. it is good to have you here. thank you for being here. you heard t

new u.s. delegation is again trying to mislead the international community it's known taking a further step toward confrontation. russia is already on the ground in duma this amateur video purportedly shows russian police investigating the the site of the attack moscow says it and the regime are ready to allow probe which shouldn't assign blame the u.s. says that's a cover up. history will record that on this day russia chose protecting a monster over the lives of the syrian people while the u.s. and its allies say russia's position is a smokescreen they want an independent inquiry to begin soon while they still evidence of what happened on the way canned like this gas canister said to have been discovered two days ago. and while diplomats argue over how best to respond the ledge to attack is already shifted syria's battle lines hiya displaced people from duma arrive in syria's rebel held north resistance collapsed in eastern guta after the attack the refugees are reminded of the brutal intens

♪ >> u.s.tocks rise as geopolitical tensions ease, the s&p 500 returns to gains for the year so far. betty: the dollar near an april low as president trump brands russia and china as currency manipulators. gettingank of america costs under control as earnings rise to a record. betty: netflix jumping after beating forecasts for new users. hello from sydney. i am haidi lun. this is "bloomberg daybreak: australia." of hours from the open asia's first major markets. betty: i am betty liu. action look at how the on wall street will play into the trading day. different session today than what we have seen with the stomach churning volatility over the last several weeks. disputescs and trade on the back corner as you mentioned. earnings in focus. better than expected retail sales numbers. let's see where we closed and trade today. it was a green day. , the dow adding 200 points, the nasdaq also rising by .7%. long is thisis how going to last? haidi: volatility is here to stay. a bright spot before we

raid on the u.s. president's personal lawyer has taken an unexpected turn one of his mystery clients has been exposed michael cohen has been in court trying to stop prosecutors from reviewing material seized in last week's raids during the hearing he was forced to reveal he did secret legal work for fox news t.v. host sean hannity who said donald trump supporter hannity never disclosed his relationship with cohen when he was highly critical of the raids well one of the people watching that case unfold was an adult film star stormy daniels cohen paid her one hundred thirteen thousand dollars to keep quiet about an alleged affair with donald trump a decade ago here's what she told reporters after the hearing for years mr cohen has acted like he is above the law he is considered himself an openly referred to himself as mr trump fixer he is played by a different set of rules or should we say no rules at all he has never thought that the little man or especially women and even more women like me matter tha

u.s.eatens now. the dollar index is pretty flat right now. worth noting that. importantly, s&p futures down by .9%. even though we are seeing a muted reaction in the asian section, that is not what we are seeing in futures. u.s. futures have more of a handle on the straight story right now. >> they have come up a little bit from the lows earlier and looked like we are not going to see a 27th day of a move of 1% or more in the u.s. market which is what we have seen so far in 2018. that volatility in equities has not been reflected in the bond markets. what we are seeing is the 10 year treasury yield dropping. we have since rebounded a little bit. yesterday, we hit 2.8%. where do we go from here? are we going to see the tenure yield push toward a 3% again? mark dowding saying a test of frequent 5% is possible. 3.5% is possible. we are above the 50 day moving average. bm oh caps on markets have been fairly bullish. they just did a survey and they said it was overwhelmingly bearish. >> we will

u.s. rallies rallied for a second day on the back of industry heavyweight. trade on aloser in narrower first quarter profit margin and revenue was flat without the dollars help. 7:00 p.m. in past new york. the imf sees two years of growth. seeds of already been sown. the historic meeting moves one step closer. president trump says the u.s. is already talking directly to north korea. a very good morning to you. yvonne, taking a look at the two, especially with the syria airstrikes there is a focus on earnings. let me look in the bloomberg terminal and get you up on the health of the specter of the snp. it was basically a broad rally. laggard -- the single but people will say it will be a blowout quarter. s&p companies have already been coming out there. 1% and is nowby at the highest in about a month. it seems like we are able to focus more on earnings as we see the trade side of the syrian tensions. in the last 24 hours we have been talking about u.s. sanctions on russia are still possibly

u.s.. s&p futures now down by over 1.5%, 44 points. it is a similar story in the currency market. the yen moves higher as there is a safe haven bid there. what is interesting to me is the lack of bid in the treasury market. twods moving lower i basis points, but when you expect an even stronger treasury market? we will get to that in a minute. we really only have one story for our quick take this morning, and that is what is going on with china. over night we had an exchange of trade sanctions with the u.s. , on $50 billion of chinese imports on things like semiconductors, lithium has put $50nd china billion in tariffs on things like soybeans, aircraft, automobiles, and chemicals. we will bring in our colleague in beijing, hello brian. she has -- emma o'brien. she has been covering this throughout the night. you were listening in on the news conference that ended a short time ago. what did we learn from that? it certainly did seem that china was coming out all guns blazing. that did take a