yvonne?nne: yeah, we were heading close to sub .110 earlier in the wall street suggestion -- session. easing those gains. coming up next, pick a number. we'll hear from the chicago fed president and what he sees in store for interest yvonne: :30 a.m. tuesday morning in hong kong. a pretty clear work as we start our tuesday morning. we're 30 minutes away from japan's first major markets opening. betty: that's right. red empire state building dominating the skyline. red an propoe for what we saw with the losses in the s&p and dow. i'm betty liu in new york. yvonne man -- yvonne: and i'm yvonne man in hong kong. the economy strengthening further. sales manager sentiment and the contents of small and medium sized companies jumped to their high nest almost two years. a gauge of manufacturing activity based on satellite imaginary remains row best be -- robust. however, some say chinese rising debt levels are bound to affect the economy. there are fears that china's structural flaws will eventually

yvonne: i am yvonne man in hong kong.'s biggest oil and gas producer plans to raise spending for the first time in five years after posting its lowest ever profit. 11% toll boost spending $28 billion in 2017 after net income fell for a third year, down 78%. they planothers say to boost expenditure after posting lower profits last year. betty: facebook says the founder of oculus has left. he was the face of the virtual-reality unit since it was bought by facebook. the company distancing itself he hadm after reports financed anti-hillary clinton means ahead of the election. in january, facebook lost a court case accusing oculus of stealing from a media group. yvonne: started repaying its debt and business started trading again. they were suspended two years ago after a plunge in their stock price wiped out their value. accused of manipulating the stock, he says he will not contest efforts to disqualify him from having a role in future management. betty: our next guest says we should not be full by the softer dollar and low

yvonne: i am yvonne man in hong kong.s, comments from japan's chief cabinet secretary, speaking about this missile launch coming from north korea. we wait for more details, and he said for missiles in total were fired, three of which did fall close to japanese waters into this economic zone. he was also saying they will launch a firm protest against north korea, and this is unacceptable. no reports of damage from these launches, according to the chief cabinet secretary. a little bit more information as we look ahead to this national security meeting happening in seoul and a couple of meetings. we also learned the prime minister protesting this launch as well. plenty of headlines coming through from north korea as well as japan. let's stick with japan. the prime minister could become the longest serving leader after the liberal democratic party change its rules to allow leaders three terms. let's bring in the government reporter joining us from tokyo. -- as about how has he managed to keep it stable for so long? reporter:

yvonne: i and yvonne man in hong kong. now that the u.k.rticle 50, some manufacturers if your barriers when they try to sell their project -- products. steve, tell us what the likely is of brexit on the region. it will impact the economy in many areas. one of the areas it will impact the most is the manufacturing side of this. you heard the sun talk about how they are going to position themselves in the u.k.. it will have a greater implication, not just for the automakers but also manufacturing for the whole of the eu. if the protectionist movement spreads, it will have global implication. manufacturing, automakers, for example have built up a supply chain for example that is very flexible and efficient over the years. if the protectionist movement comes about, it probably breaks of that puzzle and things will have to be reworked again. yvonne: how about some of the silver linings here? perhaps this could be an opportunity for the asian companies? steve: there is. a activity, mn because of the location, if there is a protectionist movement,

yvonne: i am yvonne man in hong kong.ofas confidence from china with tencent buying a 5% stake in tesla 41 $.8 billion. they will introduce a lower-priced model 3. they have been investing in technologies that are reshaping the auto industry including ridesharing apps and artificial intelligence for driverless cars. millionrgo has a 110 dollar lawsuit. a regulator has criticized the bank for an extensive and pervasive pattern of discriminatory and illegal lending processes pending years. they were faulted over their treatment of minorities, military personnel, and others. a nuclear paddle has scored a win in japan with a judge ruling against the starting. the osaka high court removed an injunction that has prevented an takahama.ompany in opposition among voters is strong following the disaster of 2011. north korea has launched a new flight to china, taking a number of foreign invest -- destinations to five. it is roughly a 50 minute flight from pyongyang. they also go to beijing and others. headlines when they were awarde

. -- yvonne man.vent risks out of the way with central-bank meetings, but can markets continue in the sweet spot? ramy: based in the u.s. on friday, they weren't in the sweet spot. .1%, but some geopolitics to unpack today with rex tillerson in china. through thatll dig with our guests, but not a lot of risk appetite. with howk it off things are looking in new zealand. quite a bit of pressure, down confidencemer numbers in the first quarter edging lower, so pressure there. the key we hanging onto its 11 month low at $.70. in sydney, slow going on the asx 200. the dollar on a downward trend on the back of that dovish fed meeting, $.77 for the aussie right now. japan is closed today for the spring equinox. wellen is still trading, below the 113 handle this morning. certainly a lot went on over the weekend with rex tillerson strip in asia, as well as an interesting communicate out of g-20. ramy: the trump administration mark on the g 20 finance ministers meeting in germany despite critics and saying they

yvonne. yvonne: thank you.s have priced in a fed rate hike, with a be any drama around the policy meeting on wednesday? let's ask will economics and policy editor kathy hayes. she joins us live from d.c.. kathleen, i think we talked about this already. reporter: exactly. , 100% what we've got probability according to fed funds futures traders and a lot of economists at bloomberg that the fed will hike its key rate wednesday, just hours from now, for the first time in 2017. let's jump in the bloomberg and look at one of our charts to tell you the story. to do for 19 shows a white line going hyperbolic over the last for weeks -- the last four weeks. then up to 100% and staying there, that's what that red circle is underscoring. when theyime period started changing the wording about the possibility of a march rate hike. they started talking about march specifically. the case was more compelling, even janet yellen got on board. so why did she think a that rate hike would be appropriate at the economy is moving in t

yvonne: i'm yvonne man in hong kong.hances of a fed hike in march increase, and let's bring you a chart and show you what is going on. it's a stark contrast from three years ago when you did see capital flooding out of developing markets in that so-called taper tantrum. you can see it back in 2013 with the previous federal rate hike hike. rate what has changed? let's ask sean taylor, had of emerging markets at deutsche asset. what is driving this right now? it's not the fears of the fed. we've gotten this donald trump address out of the way. what is driving all of this? sean: the first thing was, when trump was elected, there was a sharp selloff. i think it was a 15% under performance in november and december, and that has been readjusted. the main key has been china. the growth has been a lot better. that is coming through in earnings. people have been underweight on emerging markets, so it's been a good environment. yvonne: we've seen the economic data has been stabilizing, but how do you factor in the politics ahead o

yvonne: i am yvonne man in hong kong. betty: i am betty liu and yvonne, i was thinking about investor sentiment these days after what we saw coming out of north korea, coming out of donald trump's administration, and of course, all that leading up to the fed for next week, and you can imagine why the u.s. wekets were lower today, and came off of our lows in the session, but we basically fell and we are off by .3% and below that 21,000 dow level. that is caring through into asian trade right now. yvonne: we are not getting support from the u.s. but it seems like china, some of the headlines coming in seem to be up the and market positive if you take a look at the china market, so yesterday, once we saw shanghai open, the sentiment improves, so a look at what is driving the markets in the region. let us get to the market open with sophie kamaruddin. sophie: perhaps some mixed sentiment driving what is going on in market but the paralysis this week, that is questionable rban we have the ecb, policy decision. we have that muc

yvonne: it is yvonne in hong kong.ention about some of these unloved stocks but you take a look at the ones in the lowest quintiles as you have been churning up here, they have actually been underperforming for much of the other quintiles actually, much of the broader markets, so you say these are transitory things that are going on right now, but why do you think we are seeing such underperformance in these stocks right now, and given the fact that valuations are so stretched , is it better to look abroad and outside the u.s.? thomas: those are both really good points. year-to-date, instead of the least liked stocks doing well, it is the consensus names, the stocks that are most like that have been hugely are performing, close to six on the 20 basis points your today to come out of versus the bottom. it has reversed him is completely what happened last year. the reason we think -- must methodology -- a must methodology has changed, this could be purely temporary. the least liked stocks if you to be bottom quintile, ha

yvonne: thank you. markets are shaping up on this monday morning. .ere is david ingles offered up, brent below 51 dollars come west texas at $48, the lowest level back to november. we are not seeing a lot of action with the exception of the south korean won, which continues to gain today. i showed you the inflows coming back. it has picked up last week. foreign investors piling into the south korean equity market. $1 billion in net inflows last week. across the region, .5% on the asx, south korea on the way up. that supports that story. nikkei two to five down .1%. i will break that down for you in a moment. a lot of central-bank decisions. when you run the function mliv , you get this, fast-moving commentary on the markets. when you look at the singapore and dollar, we are looking at property stocks. this is the pear to watch when it comes to forex markets, dollar-dollar saying -- singaporean dollar. here is your average. it has failed to breach that late january. that is something to watch, perhap

yvonne: yields plunging along with the dollar.et's see how things are playing out in asia right now. we see more than a 1% move lower against the g10 currencies. dollar, risingi 4/10 of 1% from the previous quarter. stocks up 7/10 of 1%. the open of sydney, watch out ba's.hem -- the c the cert -- the aussie surged against the dollar. jobs numbers out in about 90 minutes from now. japan, possibly the biggest loser here today. a more than 1% drop in dollar-yen. 113 against the dollar right now. looks like a headwind for the nikkei. and we contemplate the boj later today. betty: indeed. let's see how this played out on wall street. abigail doolittle standing by. -- buy, buy.ye, >> all of three higher on the session. as fed chair janet yellen did fed isout the idea the there, she used the phrase accommodation. a bit more dovish than what they were expecting. rallied, major averages having the best day in two weeks, then this. we have been talking about complacency and the lack of volatility. plunge 5.5%. two hikes, as opposed to three

yvonne: i am yvonne man in hong kong.ther equities, bonds, or cash are likely to deliver the performance outcomes desired. let us bring in kirk west, global head of international offices at sensible global investors, who joins us from sydney this morning. great to see you. speaking on matthew, let us take a look at s&p profit expectations. those are falling as well. take a look at investors pulling out of junk bonds. oil as well. what does that spell to you? are we going to get this big unwind in inflation trade? guest: we do not believe so. i think we are in a period of consolidation. this may go on for some time, buyer see this as a environment. to wear through the next few weeks. ps, but wethe di are seeing rotation here. you know, it is interesting you mentioned about the earnings front as well because there is a sign a revival in asia that i want to talk about here in this part of the world. e.m. in the sweet spot as well. 12 month earnings estimates, whether you look at asia, japan, but they are still trailing the u

yvonne macro yvonne: -- yvonne? yvonne: they, sophie. following so -- thanks, sophie.ollowing tillerson on his tour as he goes to sold here today, and what is his new approach to pyongyang now? trying to finden a new approach to this situation in the korean financial of for so many years, and rex tillerson coming and saying they do need a new and different approach, but he was very short on specifics, actually no specifics. we are left at a guess. but his comments were interesting because it points to what has long been the concern for him beijing and the concern from pyongyang that washington kim regime,ple the whichever kim that might be that is sitting in the throne in pyongyang. the commas from tillerson -- comments from tillerson seemed to allay those fears that we do not have to fear the united date, unless, of course, you continue to provoke and threaten seoul, and the united states with an intercontinental nuclear missile. those are the parameters for which the united a -- states are willing to assume. that is what rex tillerson had to say. koreaary tillerson:

yvonne: this is yvonne in hong kong.ee capitals in china, terms of scrutiny, products are offering higher yields, limits on what insurers can buy. we are not seeing a possible slowdown, what does it mean for the size of these deals? could they be smaller? hna, at $2 billion, for the size and scale of chinese companies, is downsizing in terms of the relative scale of deals they could handle. if they did not have the restrictions they had today, i heard a quote from a chairman of one of the largest organizations, he said they could have $10 billion if you have an asset in new york with a value of $10 billion. i think we are ready seeing that starting to be reflected in the market. relatively speaking, it is not ginormous. yvonne: joe sitt, president and ceo of thor equities. ♪ ♪ yvonne: china's premier, li keqiang, will visit australia's parliament as part of his three-day visit. paul allen is watching this from sydney. good to see you. trade, obviously high on the agenda today. paul: it is probably top of the agenda. we e

yvonne: i am yvonne man in hong kong. the potential meeting between president trump and xi jinping perhaps as early as next month. what more do we know about this potential meeting in april? issues andpite the tensions between the u.s. and china, the one thing that may get them to meet face-to-face at the presidential level is the rising concern about north korea and its nuclear ambitions. time, they have said talks are underway to get the presidential level meeting that could come as soon as april, just a few weeks from now. the white house press secretary has said they are working on dates and an agenda and the purpose of the meeting, among other things, but the main purpose will be to diffuse tensions around north korea and the recent deployment of the nuclear missile defense system in south korea. the presidential meeting is likely to be one of the areas that will be discussed by rex tillerson when he goes to china this week. he is going to go to china, japan, and south korea. we know that china is unhappy about the d

yvonne: i'm yvonne man. myanmar needs to move quickly to change its law. to learn from us. we have 40 years of experience. what we are seeing, their markets have to open for everyone. it means that foreigners should be able to buy and sell in the exchange, and also that the companies -- the richer companies have to open up. because right now no foreigners can own the company's. >> realistically, when can that happen? i speak to a lot of companies in myanmar wanting to ipo, but the environment is not conducive. is it'sse what i heard, already in the parliament. i think the parliament might have a lot of laws that have to change. that's why we are hoping that this year they will -- there will be a change of the law. haslinda: there is a lack of a bond market to speak of in myanmar. thailand has the experience. you are trying to encourage myanmar to do the same. >> right. laos already issued bonds in thailand. they are very well received. myanmar to issue bonds in thailand. we already support our agencies to look into the myanmar companies. once they get the

yvonne: you mentioned about correlations.cause ofe it these correlations breaking down between sectors. we do see this correlations between sectors has dropped below a correlation between stocks. it is why we are seeing this money poured into these broader market etf's. is it a stock pickers market? mathematically. of that is good news for stock pickers and active managers. it does have the effect of dampening volatility because with correlations so low one zags.zigs and one thing please to have correlations of 60%, 70%, 80%. it is a false reading to say volatility is low. it is caused by less correlation among the sectors. good for managers, but lulls us into complacency about volatility overall. betty: there is market complacency and central-bank decisions, budget proposals, oil going into different directions. but we still seek volatility at these lows. what will trigger that? nicholas: that is the tricky part of any trade, figuring out the catalyst for the markets come to your point of view. we are set up for more volatil

yvonne: great to have you.e will hear from tim clark on the impact of the recent electronics dan -- electronics ban on aircraft. details are on the way. ♪ rishaad: china is up by as much as 8.7%. trading at one point was the highest level we have seen. sales have increased quite rapidly but they have not been reflected on the operating level. 71 -- biggesthe world's long-haul carrier says it will adjust its strategy in accordance with the laptop ban. monitor theirto affect. cumulative set of issues that have affected demand for travel. we are dealing with those. the executive order with regard to the trouble bans and lowered recently the laptop then -- laptop ban. the situation is that we will be watching the demand for the cities that we fly to from the u.s. are carefully. we have an upgrade in the visa requirements where the passengers traveling to the u.s. outside the visa waiver areas. taken together, a number of things we are looking at almost twice a day to make sure there is no diminishing in demand in t

yvonne: and i am yvonne man in hong kong.-d plans to boycott beverages made by the companies. complaints about groundwater. it will be announced next week. the call comes a week after neighbors stopped selling sodas made by coca-cola and pepsi. planning airways carrier to india, aiming for a bigger slice of the market. a 100o wants to launch strong fleet of airplanes. they tried to boost their presence by purchasing a stake. the latest attempts will not involve joint venture. >> bloomberg sources say that e.u. commissioner is seeking to reimpose fines of $850 million over an alleged airline cargo sale. therefrance and others a actionated -- earlier with other airlines was thrown out. opens its economy come up private equity firms are making it back. challengers remain, even those daring risk -- even for those daring risk takers. we will take you to myanmar where our chief correspondent in southeast asia is standing by with a leading private equity investor. take it away. early movers here in myanmar, and you can see why. a po

yvonne: i'm yvonne man in hong kong.arketss for emerging look very different with president trump in the white house. the potential for further strengthening of the u.s. dollar, and impact of a more aggressive protectionism, especially against china, will be the main risks. it is great to have you here in hong kong. will and foremost, what you be watching the most during donald trump's speech today? guest: i think it will be details. when he was sworn in, we have not seen much detail that fiscal policy and we have to remember all the value we got after the elections was based on a massive fiscal plan. how much detail to give today is a critical part. though?of what, what is it you will be looking for the most? guest: there is a pecking order in place. tax reform is the first one the market will be looking for, and third will be trade. tax reform isof something republicans agree on pure the second one is a more controversial one. they are not happy with increasing spending and debt financing. that is what the market will

yvonne: what would determine a decision like that?likes of ubs, morgan stanley, hsbc starting a new venture, are you worried that they could be taking business away from you in the mainland? >> not so much. for us, it is a holistic approach. it is not only the onshore strategy. it is how do we cover our clients holistically. i think it is a continuous progress. the government is clearly interested in opening up the markets, but doing it in a very gradual process. areus, i do believe we strong in the market. we have a lot of opportunities to scale the joint venture the way we want going forward. yvonne: great to have you. thank you for meeting with us. asian ceosse is joining us here from the asian investment conference. , planning toourse double their profits from this part of the world by 2018. that is what we have at the moment. helman sitohang from credit suisse. more from that form coming up in the next hour, talking about the future of american monetary who hasith someone intimate knowledge about it. our exclusive with former atl

still a surplus, but only $1.3 billion, yvonne. yvonne: i will take it, paul.len giving us australian trade balances numbers. the aussie dollar falling 4/10 of 1% in the wake of that. let's get to first word news. confirmedt parent has it is pricing its ipo above the marketed range. shares will be $17. giving snap a market value of at least $20 billion. snap is the first technology company to go public in the u.s. this year in the biggest social media offering since twitter. the stock will start trading on thursday, listed on the new york stock exchange under the ticker, snap. saysboard member brainard a rate hike is likely to be appropriate soon. she is the latest official to bet on rising costs as early as this month. the fed the latest economic report reports modest a moderate growth in the u.s. economy. the beige book's sees further tightening in the labor market. that no significant increase in inflation. shares rallied to a six-month high as they extended a rally on merger expectation. 1% to the 8/10 of best close since september 8. the governor said it w

yvonne: i am yvonne man in hong kong. you are watching daybreak asia.u mentioned earlier the headlines, this still company seeking a $1.2 billion a share hong kong listing. it looks as though cornerstone investors, dodging international asset managers. 84a fixed offer price of $15 for each share -- $15.84 for each share, how significant is this for the ipo market? yvonne: looking at the size of the deal, possibly one of the biggest we could see coming in from hong kong so far, interesting on securities, the , thet company international company may made headlines. the chairman was missing, confusion with stock prices, so interesting to see how this will perform. this is looking to be like a big ipo for the city. we will continue to watch those from longtime do not -- paul allen. says the pboc governor china is preparing to further open its financial sector but that will allow investigations on how other places treat china. areas of potential liberalization including banking, insurance and payment systems. chinese investors must be to reading better in ov

yvonne: and i am yvonne man in hong kong.re watching china trade closely. >> looking at these trade numbers coming out of china at the moment. looking at seeing how this bears out at the moment. also looking at how this goes in the u.s. we do have the new president donald trump. we are joined by someone from barclays. course, also in china we have the international people's congress -- national people's congress taking place here in we are going to be talking about stock strategy when it comes to china. that is coming up in about 15 minutes. she is from atlantis investment management. joining us there. least, itertainly not is international women's day. in some ways, the lives of women have gotten that are in some sense. in other ways, it has gone backwards. a gender gap does exist. 62 million girls are not in school globally at the moment. we will look at the world bank. that is on the way as well. work to be done at closing that gender gap. the trump presidency. >> my feeling is that the 2500 estimate was based on trump get

hi, it's yvonne here.fit to come home and they want her to go home. she has been assessed by a social worker. everything has been approved, the care she needs, what she requires. that's all been approved. direct payments have been approved, now it's basically finding somebody who can provide that care, which is not as easy as it sounds. we're finding it really, really ha rd. you know, you think there's loads out there. it should be dead easy, but it isn't. it won't be long now. yeah. 0k? pressure on council's social services departments across the uk is growing each year, as life expectancy increases. there are more than five million people over the age of 75 at the moment. there'll be two million more in ten years‘ time. the granby rehabilitation centre in liverpool is run by the city council, to relieve pressure on the area's larger acute hospitals, but it too is full. we've had four referrals this morning and we've only two beds. we're still under tremendous pressure to get as many patients home as poss

daybreakt for australia, but yvonne and betty are up for the next couple of hours.still fixated on these developments in seoul. betty: i don't think we can hear yvonne. we seem to have some technical difficulties. we have been looking at these developments in seoul and we will be continuing to track these as they occur. will be recapping the events on friday when we had the impeachment vote for president park geun-hye. we will take a look at how the monday session reacted and we will be taking a look at the huge risk event calendar this week. the bank of japan, bank of england, all meeting on thursday. betty: and we have a big interview later today down under. ministerillion foreign is going to be joining bloomberg television ahead of her trip throughout southeast asia, visiting singapore, malaysia and the philippines. much more needed of course as they are pushing this transpaci ♪ >> signs of stability, china says the economy has improved this year with little danger of a hard landing. leaving to take up the reins and hsbc. >> theresa may faces a revolt ahead of a

yvonne: we know what happened last time when we had weaker fed speak.ek during up to do it again this week? think you make a good point. we could see the markets moved a lot, seven fed speakers, janet yellen on thursday. -- charlierrow, neil coach evans, a voter from chicago speaking as well in new york. also ahead on monday, a number of things are going on. let's look at this interesting list for the french candidates for president debating on television. prime minister shinzo abe abe and angela merkel are together talking trade. a lot of global leaders will go head to head. nicola sturgeon, scotland's for aminister, is asking sec. 30 ordered so she can go to the u.k. and say we want to , so we will see how that goes. she wrapped up a two day meeting. also this week, the reserve bank of new zealand will issue its rate decision on thursday, so all kinds of central bank activity all week to keep our eyes on. yvonne: a lot of event risks looking ahead. kathleen hays there for us in new york. secretary of state raising the stakes when it comes to north kor

yvonne, you are focusing on latte group again.awkward family reunion in south korea. the family from the latte group, they will be the first time seen together in years. as you know, they have been indicted back in october on charges including embezzlement, and they are facing chart is on whether they have been involved in white collar crime. this is second separate -- separate from the impeachment scandal, but a family reunion like this is quite rare with the chin family. the father was looking for control of the business, the daughter was indicted back in january, and this bitter power struggle we have seen between the two sons. the outcome of this trial could really scale between the sibling rivalry. haidi: talk about awkward family reunions. we are having a debriefing of the visit to asia by tillerson. have the senior file joining us -- fellow joining us here in sydney. of this is really a case where the u.s. stance when it comes to north korea. there has been a lot of criticism that tillerson is softening his stance towards c

yvonne williams is renovating her northwest home.major retailer to replace gutters and siding on her house. but -- >> the gutter was and the siding, there's something wrong with it. they were like, no, no, no. >> a home inspector confirmed the work was not done correctly. the retailer convenient agreed and promised a refund. months went by. e yvonne had her full refund of more than we reached out to the business. nbc 4 responds to a woman's large water bill and in the process discovers the utility is racing to upgrade equipment. dorothy's bill jumped $375 with no increase in usage. >> i said how in the world am i going to pay this bill? >> her water meter hadn't sent a reading in more than two years. and a replacement meter sent old data. every home in the district is now getting a new meter in a botched bills. >> we're going to do more than 85,000 meters. all of our customers are getting brand new meters, the latest technology. >> as for dorothy we worked with d.c. water to help her save more than $350. >> the after i called you, my

bragrump about how great his children turned out, especially don , butr, ivanka, and eric ex-wife yvonne is says she is the one who raised them and says she is ready to tell all in a book she is writing. >> donald always had a great head on his shoulders and i saw the potential. >> the book will detail her whirlwind romance that played out in a divorce. marla, i love am your husband, do you? what did you say? >> i said get lost. >> lay out the lesson she taught her children ivaney were growing up, jumping on as the trump brand is taking offna. >> when you have the power and majesty of the president -- presidency at your back it is hard not to benefit. severaltalking about upcoming benefits to take place at trump golf courses. , whose brandrump was the target of boycotting campaigns and dropped or fell out of favor by stores like in theom and tj maxx wake of a bruising political campaign, has seen an increase in sales, the company telling abc news february was one of their best performing month. >> trump supporters may have rallied around the brand. we look to the next three and a half ye

yvonne: he said we're not done yet, but when it comes to the worst, it is pretty much close to over.he, he was saying that was toughest year from them. they had to cut 2000 jobs last year. 2017, a are in for possibly 1000 cuts. the asian equities cuts -- side in the region has been hard hit. he said we could see jobs lost in the second quarter in asia. 2018, he said could be less than that thousand. when it comes to job cuts, we could be seeing some and in sight. much.hank you very yvonne joining us from the credits -- credit suisse investment conference in hong kong. next we talk about iron strength. the price and iron or has rebounded after an 11 week low. an analysis of the outlook for commodities. this will feed us into a conversation about south africa. political infighting in south africa. sending the rand tumbling as the president is set to fire his finance minister. we assess the situation on the ground. that is coming applied later on in the program. the open, cap 20 minutes away. this is bloomberg. ♪ ♪ welcome that to the european market open. 18 minutes to go until the sta

yvonne reese is hoping to get home to ohio. >> i've been here in a blizzard in '92. i don't want to do it again. >> reporter: are you worried about getting stuck? >> yeah. i'm worried we're going to get canceled here because of ohio's weather and we're going to get stuck here. >> reporter: amtrak's busy express trains won't travel between new york and boston tuesday. today it was business as usual, a relief for christina sherman. >> we switched the train a day earlier so we could make it before the snow. >> reporter: drivers gassed up to prepare, but the roads could be impassable. new york city will be under a state of emergency starting at midnight, just a few hours before the first snow is predicted. the city's mayor, bill deblasio. >> change your plans. get off the streets. obviously closing schools. that's going to take a lot of pressure off the roads right there we believe. >> reporter: and those departure boards are filling up with a lot of red, and red means canceled, anthony, the people behind us here among the last folks who are going to get out of this airp

yvonne reese is hoping to get home to ohio. >> i've been here in a blizzard in '92. i don't want to do it again. >> reporter: are you worried about getting stuck? >> yeah. i'm worried we're going to get canceled here because of ohio's weather and we're going to get stuck here. >> reporter: amtrak's busy express trains won't travel between new york and boston tuesday. today it was business as usual, a relief for christina sherman. >> we switched the train a day earlier so we could make it before the snow. >> reporter: drivers gassed up to prepare, but the roads could be impassable. new york city will be under a state of emergency starting at midnight, just a few hours before the first snow is predicted. the city's mayor, bill deblasio. >> change your plans. get off the streets. obviously closing schools. that's going to take a lot of pressure off the roads right there we believe. >> reporter: and those departure boards are filling up with a lot of red, and red means canceled, anthony, the people behind us here among the last folks who are going to get out of this airp

we are almost out of time, but betty and yvonne are up next in theybreak asia -- next few hours withaybreak asia. we are going to have some data coming out of australia, right on? -- right? >> we are looking for a rebound for the month, because it was not for what we saw in december, the decline of the 10th of 1%. this is what we did see during the holiday shopping season, so we are seeing a turnaround here, as much as 4/10 of 1%. but the breakdown last month seems to be that australia -- they were buying food, clothes, but not hitting the restaurants, cafes, or shopping malls. we are looking for a bit of a turnaround on that front. and regulars coming on at 10 past 8:00. interestinga really contrary in view. this man is saying where is the of we can make money next to her it has not happened over a decade. governments do not want to say it for fear of being politically incorrect. >> well, he should say it. we'll have the vice-chairman of jpmorgan. she is joining us to talk about thetop story, which is target from the npc. ♪ >> china, lowering expectations for growth this year. the e

an i ♪ yvonne: asia-pacific market signal caution after wall street negotiations on the new health care toshiba set and gary are ordered in new york -- set for another big day after adr sword in new york. and u.s. inventories are at an all-time high. says it is not

live from america's news headquarters, i'm jackie yvonne is in new york for the labor department reportingloyers added 235,000 jobs in february with the unemployment rate dropping 2.5%. the jobs report was welcome news at the white house, despite the fact that it now seems the president is embracing numbers he denounced as "phony" back during the campaign. the trump administration looking forward to continue the job and economic growth. >> what we are doing here in the white house, and what we are going to do with our tax plan and what we are doing with how your brain, and what we are doing with corporations in getting them to do move jobs back to america will be easy to get the 3% growth in the third and fourth quarter this year. >> u.s. attorney general jeff sessions is asking 46 u.s. attorneys to resign. they served under the obama administration. sessions says that i'm stepping down help "the uniform transition." half of them have already left their post. -- within two years. a former cia official claims that north korea is closer than people realize to developing a nuclear missile whi

manus: former atlanta fed president -- told bloomberg's yvonne man that the rate is on track. >> i don't think the fed is behind the curve. thatnk the satisfaction the numbers are still a little below 2%, but moving in the right direction, that is the key at the moment. london,ining us now in head of fx strategy, jeremy stretch. give us your thoughts. give us your thoughts on where the dollar heads from here. dollar weakness is a result of the defeat for the republicans in the vote that never happened in the u.s. how much read across is there from what happened on friday into other areas of policy? that is what i suppose markets want to know. jeremy: indeed. last week was essentially a litmus test of the ability of the trump administration to push its legislative agenda. that first test has been failed. what does that apply for the rest of the agenda? also you have to remember the health care process was an aim to reduce budgetary spending to create room for additional stimulus elsewhere. there are two obvious headwinds in the ability to push through legislation and the cost implications

that is almost yet for daybreak australia, but yvonne and betty are up next with daybreak asia.what is coming up. we have an interesting few words coming through from the pboc on opening up, but it does not sound like it will be a one-way street. absolutely, there was a caveat. china is ready to further open its financial chapter, but it depends on how other nations treat chinese investors and how the treatment year overseas in how things will look in the future. there are talks with europe, japan and other aussie on nations -- asean nations. how china can push through these will be key for investors. and this is all amid the backdrop of chinese premier in australia last week. he is now in new zealand with trade at the top of the agenda on this trip. we will be seeing the bank, we will talk to her about how china will step up in this world where we have seen more and more protectionist policies coming out of trump. a lot of questions given the health care fallout, will he be able to be strong about this as he was a few weeks ago ? betty: that is -- haidi: that is what his main f

for more on this let's talk to hr consultant yvonne akinmodun who joins us via webcam from bromley.ink left six generally speaking now?” think a lot of the reason for lower sickness is really because a lot of firms have tightened up on the way in which they pay people when they are off. in the past more companies we re are off. in the past more companies were more generous with sick pay, but as companies are losing staff and they have to tighten up on budgets, we have seen a lot of policies that have been introduced of penalising staff when they take time off. for instance they might not pay them for the first few days they have off sick and that is having a significant impact. what we are finding is that people are more inclined to come to work even when they are not feeling very well. inclined to come to work even when they are not feeling very wellm there not a law against that? is there not a law against that? is there not a statutory entitlement to sick pay? absolutely, but a lot of companies offer enhanced pay. for most employees companies might take the view they will not off

i am jackie yvonne's, now back to "hannity" ." >> sean: the ultraleft propaganda to destroy trump mediand the democrats, they're now smearing the commander-in-chief, flathead refusing to ask very critical questions about wiretapping, that's tonights mini monologue. so the left is breathlessly saying the president isn't telling the truth over wiretapping allegations. just take a look at some of thep headlines from "the new york times," cnn, "washington post" smearing the president. offering no evidence says obama tapped his phones. baseless wiretap claim and citing no evidence accuses obama of nixon and watergate plot to wiretap trump tower. the hypocrisy is astounding, why? "the new york times" is accusing the president of lying but they. are the ones that printed at this headline on the front page of their paper on old days january 20th. wiretap data using inquiry ofe trump aids. if you read the article, the fbi is leading the investigations aided by the national securityy agency, the cia, and the treasury department's financial crimes unit. the investigators have accelerated their eff

yvonne: are you speaking with other banks?> we are considering options we have been clear since february when we announced our options that the ipo was an option. that was the ceo speaking to us in asia. let us talk south africa. the rand has plummeted after the president told senior leaders of the communist party that he plans to fire the finance minister. spokesman for the anc says the people were misinformed. let us get more from jim foley and jim rogers. -- jane foley and jim rogers. rent versus dollar. the first red box is when we heard yesterday that the finance minister, who was supposed to meet with investors, has pulled the back. thewe understand that president told communist leaders that he was going to fire him. >> this is all about politics. last year, the south african rand was one of the best-performing emerging-market currencies. but it is vulnerable to what might happen with the foreign minister -- with a finance minister who is the darling of the market. the president is very concerned about the popularity of

♪ yvonne: asia-pacific market signal caution after wall street negotiations on the new health care billrag on. toshiba set and gary are ordered in new york -- set for another big day after adr sword in new york. and u.s. inventories are at an all-time high. says it is not have to decide between its leading ally and it biggest trading partner. this is the second hour from daybreak asia, coming to you live. it is just after -- betty: betty: it is just after 8:00 here in new york. we are getting breaking news health-care reform bear -- bill. they're planning a friday vote on the bill. they delayed it today, could not get enough votes to get this passed. it looks as if on friday they will try again at getting this health care bill. shery: we were sort of expecting it. the white house and already said that friday could be the day, but the market did it take a hit when they had the delay. we'll see how the markets in asia respond, maybe a little bit more optimistic now that we could see about happening. let's bring in david ingles to check out the markets and what they're doing on the open. d

the meeting on drug prices and yvonne muy on the details of the infrastructure spending. >> one of the things the president has done today is met with people who disagree with him. one of them the meeting with elijah cummings. he is the top democrat on the house oversight committee, a committee often used to investigate the administration and the executive branch. he is potentially one of donald trump's biggest adversaries here in town. they appear to agree on the need to lower prescription drug prices. that's the stated topic of today's meeting. it was a meeting that took a while to come together. the president at one point accused cummings of backing out of the meeting. cummings said the president was making stuff up about him. they finally got it on the calendar. we saw mrs. jobs. she said she'll talk about both today. pyle jobs, who is worth more than $10 billion, was a big donor to hillary clinton during the campaign. we'll wait to see whether we get a readout on that meeting or follow-up from her camp to figure out what if anything the two agreed to at the white house. >> the mee

jonathan: that was dennis lockhart speaking to our colleague, yvonne man.ir janet yellen tomorrow -- aggressively pricing just a month ago, the head of the new york fed. he spoke this week on financial conditions in the conduct of monetary policy. that will be interesting to me, to set :00 as to whether we will get this move. for those that did not factor in fiscal stimulus into their outlook i wonder how vindicated they feel. david: what lockhart seemed to say is they might be right for the wrong reason. even if they did built it in, the economy will make up the difference. jonathan: that's true as well. columnisttomorrow, a will be joining this program at 7:00 a.m. eastern time. from new york city, long equities, short treasuries, long dollar. they were the consensus moves. this morning, stocks are down. -18 on the s&p 500. treasuries are bid, yields are lower. the 236, the dollar weaker against every single currency in the g10. you are watching bloomberg. ♪ david: this is bloomberg. harry mac low is a legend in new york real estate development. he was fo