the yvonne man has special news. onne: donald trump has won the west virginia and the brassica primaries, a week after driving his competitors out of the race. ted cruz's name was still on the ballot in nebraska, and he hinted he might reenter the contest if he performs well. bernie sanders won west virginia, his 19th state victory. he has just 37 delegates up for grabs. president -- the brazilian president is facing what may be her last day in office. entering an impeachment trial she looks unlikely to win. suggested that the president's opponents have 50 votes, more than they need to move towards impeachment. japan trading houses seeing no recovery on the horizon for commodities, despite oil's improvement. some of the first annual losses from mitsubishi championed the nation's economy. is -- and fries efficiency prices are sliding 19% in the fiscal year. rochu, upis 29%. and reports from india say that u.k. has turned down requests to extradite a tycoon accused of walking away from as much as $1.4 billion in debt, c

manus: anna, let's get up to speed now with yvonne man. onne: moore disciplining data out of china. the monthly gross domestic product tracker shows growth slowed to 6.88% in april, down from 7.11% in march. a drag on industrial production. meanwhile, retail investment ratings came in short of estimates. middle eastern oil producers, including saudi arabia and oman, had ratings lowered by moody's because of a collapse in crude prices. it is 40% lower than in november 2014, when saudi led a decision by opec to keep pumping and defend market share in the face of swelling global inventory. >> the fiscal reaction function of this government -- what we found, saudi arabia and oman and bahrain are more vulnerable to with a veryanges, high double-digit deficit in the next couple of years and a substantial increase in debt in those three countries. vonne: the norway will fund will attempt to join a class-action suit against volkswagen after the omissions cheating scandal. and they1.64% of vw, say they are acting to safeguard their holding in the ca

rishaad: thanks for that could, yvonne man. -- things for that, yvonne man.evron and shell are said to be among the companies involved in qatar's oil sale. bloomberg news energy reporter mohammed surry joins us. he is on the line. when can we expect a decision on this? reporter: we can expect a decision on this later this year, probably later this summer. the executive's right now and petroleum are deciding on which is the best fit. isus: why do you think it that this is attracting such interest? every oil major we spoke to at bloomberg is cutting capital expenditure, trying to predict dividends, but here they are bidding on this qatar outfit. reporter: from what i understand, there are not many 300,000 oil barrel producing sales right now in the world. thereing to my sources, is cooperation in the og any industry. -- oil gas and energy industry. qatar is one of the smaller crude producers in opec at just about 16,000 barrels per day, but it produced those 1.3 billion barrels, making it the biggest exporter in the world. it makes qatar petroleum, the producer

let's get the first word with the yvonne man. yvonne: thanks.eral reserve president is opposing sides of the policy debate for an interest rate increase. eric rosengren and esther george are delayinghey action. >> we are in a world with policy and state anywhere in the world, coinciding with china, europe, making a bad decision -- it is going to influence our financial markets. it will influence our economy. not that we expect them to make bad decisions any more than they would expect estimate by decisions. we have to be aware that as we raise rates, there may be more financial market turbulence. >> moving rates to a more normal level, at a gradual pace, i think is absolutely necessary to minimize distortions within our economy, that can build over a number of years. presidentting brazil has appointed a former central bank chief as the new finance minister. his task was pulling the nation out of its worst recession in a century and winning back investor confidence. dilma rousseff spoke to the nation and her supporters yesterday after being suspe

yvonne man joins us. talk us through what is happening today.here is a host of global topics to discuss. that is right, anna. and those talks just started, underway after a brief session from the g7 leaders. this is the first time in eight years we have seen the g7 summit here in asia. it has been the perfect platform for the prime minister abe to deliver messages of growth. coming off the minutes between the g-7 finance chiefs, for there was not much incense is how to come up with this global response. thearticular, japanese and economy, how they will come into the aid of the recovery. we did not get much love. there was friction between japan and the u.s. when it came to affect policy. jack lew, the u.s. treasury secretary, said the recent moves in the yen were not overly disorderly, not all that volatile. hasjapanese saying the yen a one side that is speculative. this discussion of intervention still remains to be seen and answered. on the flipside, you have a likes of the u.k. as well as germany not in favor of extra deficit spending. so how

angie: yvonne man live in tokyo.he g7 finance cheese failing to reach consensus in japan, the yen there's are starting to falter. we have a look at the charts. the recent pullback may just be temporary? haidi: that is a concern that perhaps the wrist bite we have had so far is just short-lived. take a look at where we have been. the did manage to rally 12% against the u.s. dollar before pulling back at the beginning of may. we have seen those gains pared to 9%. if you take a look at what we are seeing in terms of the risk reversal, that is rising over the next six months to the highest in four years, so that does tell us that traders are becoming more wary where the yen goes from here. all of this does rely on what the boj does and what the fed does as well. if both or either one of the central banks move, then we will see that correlating move in the yen as well, and also the dollar. seen as fundable in the short-term -- as vulnerable in the short-term. as you say, a lot of this does rely on the dollar. angie: upsid

yvonne man.aking to bloomberg tv, he said there could be an opportunity if beijing follows through with plans to sell the loan as asset-backed securities. >> i am very interested in china , in terms of the distressed loans. the government has announced they are trying to develop a program to securitize the distressed loans and their. if they do that, with transparency and with reasonable pricing, that will be very good and for the chinese banks it will create an opportunity for people like ourselves. wilbur ross getting interested in china, does that make us worried? >> you have to listen to him. my response is there will be a lot of those loans. there is a lot to choose from. guy: what is your sense of, we're looking at a global economy that looks like it is more stable. the u.s., the fed thinking about raising rates. -- the size and scoped of the debt story is what is worrying people. and scoped of the debt story is what is worrying people. mark: it is going to rumble on it we saw markets get c

we have yvonne man in tokyo for us with the numbers. what do they say about abenomics? forne: just more pressure prime minister shinzo abe as he tries to figure out what to do next. not much love or a blessing coming out of the g7 summit. , another dose of spending coming out of japan and when the government tries to weigh on whether to postpone that sales tax. disappointing figures. oflining 10 1% in the month april. that is thanks to that stronger yen which did appreciate about 5% in the month of april alone. the earthquakes may have impacted the shipments of car parts as well as electronics. shipments to china and shipments rose to.s. fell, but the eu. the drop in oil prices dampening that figure. we are seeing the surplus, the biggest we have seen in six years. $7.5 billion, which is $2.5 billion more than what economist were expecting. what does this mean for policy? around a 1% 10 handle. .10 handle. ministers metnce over the weekend ahead of the leaders summit. what happened? yvonne: really not much happened. it camef appetite when to coming up with a global resp

yvonne man is there with our next guest who runs the world's largest freelancing site with over 18 millionlking about startups funding -- startup funding. yvonne: we are talking about the difficult time we do see here at the environment. must -- much harder to get financing. joining me to talk about this is freelancer.com ceo matt berrie. thank you for joining us. let's talk about the broader markets. in your speech this week you will be talking about how not to lose out on a funding. -- the funding process. how hard is it to secure funding? matt: silicon valley has a problem. in the first quarter of this year there were zero tech ipos, now there are two. this is not happen for years. if they're not going to exit at the end of the pipeline, they will not be investing. winter is coming. yvonne: why the decline? is there going to be a reverse? matt: it depends. coming up, the third ipo is very brave. if that goes well, maybe the ipo window will open again. they can start getting the $500 billion the unicorns are out. you mongrel we were talking about how much harder it is to get this billion

i'm yvonne man. the record retreat of chinese companies from the u.s. concern is growing that beijing may block plans by dozens of companies to be bought out and relist back home. stephen engle is taking a closer look. what is going on? reporter: basically said the beginning of last year, we had , u.s.han 47 companies listed companies that are chinese, that want to be bought elisted in the u.s., then back door listed in shanghai. the thinking is they can get a better valuation at home. there are a couple of snags. there is concerned -- concerns raised by the security regulator that some of the valuations paid at least two thirds of the 47 deals, that they are still pending and the valuations are still high. that is a concern by the they came because back, relisted in china at too cause valuation, that can volatility. there is also concern that the currency regulator is studying the deals, including the largest of the $9.3 billion buyout of the internet and antivirus company listed in the u.s. that deal is pending. they are concerned about the outflows t

yvonne man was at the talks for us and what happened yet go yvonne: not much appetite really when it a global share strategy on how to combat growth. the world's largest developed nations agreed on some things, not going into a currency war. he agreed on some geopolitical risks to the economy when it came to the brexit, terrorism, and refugees. watch appended knock it was a blessing from the g7 nations on what it should do next in terms of the policy levers and they should pull to stoke growth in japan. we saw a lot of tension over the yen among the most developed nations. the finance minister saying, the recent move of the yen has been one-sided, speculative. he did have a bilateral meeting with the u.s. treasury secretary jacob lew with him saying, the notnt move in the yen is overly volatile and there is a pretty high bar when it comes to what constitutes disorderly movement. take a listen. [speaking japanese] >> there were no heated discussions. we have different views about the exchange rate. his natural to have different interests pretty only difference between the u.s. and jap

yvonne man is live with us for the very latest.ensions at the g7 as usual and once again they are talking about one of the main risks being brexit for the next six months. onne: that certainly is the topic creeping into conversations here. sources say that could be the ultimate risk on the horizon, particularly when it comes to market impact as well as u.k. growth in general. those issues have been singled out in some of these discussions. the u.s. really sending out and adding much more pressure on fx policy in general. what they were saying, they did say that given a time when there is such slow global growth, any movement from a country on its currency would send the signal that it is trying to boost competitiveness and this would not help little growth. we kicked off the g7 with a local tradition in japan, the bashing of the stockade barrels. some have made the metaphor, does this mean japan could be seeing a bashing of economic policies? some say it is highly unlikely. the topic of yen intervention not high on the agenda. we d

. -- i ams over yvonne man. rishaad: we look at what investors want.hat is next. ♪ rishaad: your back with -- you are back with "trending business ." net earnings slightly below estimates. margins did improve. highest ining at the almost two months. food giant soaring after as much as 6%. in at $6.5ing billion. we had that last year merger as well. we have kraft heinz announcing factory closures and more than 5000 job cuts as it is trying to illuminate expenses -- eliminate expenses are yo. are soaring beating analyst estimates. generating $761 million in ticket sales, 13 times more than what it cost to make it. it is in a fitting from ad fees and higher sales. the company continued to beat earnings estimates. revenue growth has been in the debt -- double digits. shareholders feel a little bit beleaguered. looking for something that will boost the price. >> we talked about the story since that ipo in september of 2014. the share win up to about $120 in -- and the euphoria. it has lost one third of its value. it is only eight dollars above its ipo price

that was your v -- n in was yvonne man hiroshima, japan. oil $50 a barrel.ex crude and brent down to the $49.45 a barrel. euro-u.s. dollar, 1.1179. 109.72.ar-yen and below one hundred basis points, a fascinating glimpse into how the bond market is working and the yield curve is flattening. ♪ vonnie: live from london and new york i am vonnie quinn. mark: i am mark barton. " -- this islacqua "european close" on bloomberg markets. vonnie: confidence in the u.s. market after it was rocked by scandals.g joining us is the bloomberg fx reporter. the 30 page document, a recommendation as opposed to anything that can be enforced? give us a flavor of what is inside. lananh: do the right thing is the broad sketch of the document. it says to traders and market participants, do not mislead your clients or lied to customers. it gets down to the basic is this practices and recommending better standards or behavior. i do not rank they are reinventing the wheel. there talking about being more fair and transparent. vonnie: not to make light of it, but are they using it as a d

we will take you back to the conference, where yvonne man is standing by.ople know with figure two about startups here. yvonne: that's true. our next guest is the owner of one of the most renowned start of investment firms, living up to his name and backing hundreds of start of the year. joining me now is the founding partner of his own startup. great to have you here. we have been talking about this global funding chill. asia in particular sort of saw this slow down. >> maybe in a few places. yvonne: what do you see as the reason behind this? >> well, i think there are a few factors in the u.s. where there .as a lot of capital in china it was exasperated even everybody wasnk really hoping for the next and i think with the public stock market coming down. other parts of asia are still pretty active. we are seeing a lot of activity in asia and india as well. there are a lot of investors slowing their investments. >> i think it is to their benefit to say it is is kind of a self-serving story. we're not planning to know down at all we will do six or 700 this y

yvonne man is here.eporter: atlanta fed president dennis lockhart called a june rate increase a real option that helps stall the dollar's slide from a one-year low. this year that rises are still possible after the fed kept policy on hold last month. alberta has been forced to carry out the biggest ever evacuation as wildfires threaten the community at the heart of the country's main oil region. 21,000 people were moved from fort mcmurray. although operations themselves have not been affected. the main road to the town has been cut by the blaze, and authorities described the flames as aggressive. the global internet -- the global inquiry into malaysia's investment fund has reached hong kong. of severals unidentified people have been frozen and are being investigated by countries outside malaysia, including singapore. 1mdb is at the center of multiple inquiries of money laundering and embezzlement. the company has consistently denied any wrongdoing. strong sales in china and the u.s. are expected to make

i'm yvonne man.ng bloomberg television. ♪ francine: the implications of brexit, that's what we're discussing today. we're discussing locations on trade business and regular occasions if the u.k. does decide to leave the eu. we have three who believe they should stay. we have mario monti, jon moulton, carolyn fairbairn, lord norman lamont, and maurice levy.

i'm yvonne man.berg television. ♪ .. >> welcome to the best of with all due respect, a decisive week in the republican primary season . some of cap is the last man standing in what was once a field of 16 candidates. his final rivals fell, ted cruz and john kasich called it quits after donald trump dominated the indiana primary. >> bernie sanders scored an upset in the hoosier state. he could possibly soldier on to the convention in tilde via. -- in philadelphia.

i'm yvonne man. thanks for watching bloomberg television. ♪ emily: i'm emily chang.st of bloomberg west," where we bring you to the top interviews from the week in tech. one year after losing her lawsuit, ellen is back. she has no regrets. plus, fox media gets serious about snapchat we will talk about the studio just for

yvonne man is there. he keeps talking about the parallels between now and the lehman crisis.t win all the other leaders. christine lagarde says she does not see a similar situation. you've on: that is right. leaders are not convinced. they are not buying this statement of a lehman crisis. he spoke about global markets wavering. his it could turn --'s big cast a are nations that shadow. he said the global economy was the biggest thing this weekend. we are seeing and hearing a different side of the prime minister. two years ago, he delivered such abenomicsof optimism, are going to work. now you are hearing the prime minister paid a dire picture of the global economy, saying we could be in a downward spiral if we don't have the proper policy measures in place. if you look at the policy committee k, there was no mention of this. no mention of a high risk crisis. the leaders claimed their economies had enough resilience to avoid a crisis although they knowledge did there were risks which were growing. when it came to a response, they an agreement the responses will be all of the a

i'm yvonne man.ng bloomberg television. ♪ >> from our studios in new york city, this is "charlie rose." charlie: the musical "hamilton" is nominated for a record-setting 16 tony awards. 16 tony awards. it tells the story of america's founding fathers based on a biography of alexander hamilton. the production has earned a pulitzer prize for drama for lin manuel miranda. daveed diggs is one of the performers, he plays both the marquis de lafayette and thomas jefferson. he is also a member of an experimental hip-hop collective. i'm pleased to have him here. welcome. about time

yvonne man joining us. the president of the united states has just landed in hiroshima.e will bring you the pictures later on we hope. let's talk about what is happening with the japanese economy. e is lookingbÉ\ at canceling the sales tax. this is the japanese curve, it continues to be a weird curve. are we expecting fiscal policy to change? the sales tax to move? michael: you said this morning, cpi, the tokyo cpi slightly disappointing. if you look at the underlying data, i think you don't have to give up on abenomics yet. he will definitely deliver again. it is very likely before summer, we get the announcement the hike will be postponed. curve, itk at the implies a low probability of success in the reflation effort. we think the long and is too pessimistic on the fundamental scenarios. talk about the japanese curve, you always have to make the markets, one of the most official sectors. you have to take it with a pinch of salt. anchor: i wonder what you think about the spending climate. obviously, here in germany, we are still in austerity mode. cameron trying to keep

now let's get out to the first word news with yvonne man. germany's economy grew at its fastest pace in two years. at 0.7%. it beat economist estimates of 0.6%. that's as domestic spending helps weakness in global trade. that best time for a chinese company to repay their u.s. dollar debt may be coming to an end. the greenback is rallying after its worst quarter since 2010, driving up costs for businesses they can either repay or hedge exposure. the capital markets as as much as $3 trillion was are owed into the higher yield, including by individuals at foreign companies. citigroup is said to have disbanded a team of traders who used the bank's own money to make sense of u.s. treasury and agency bond markets. , known internally as the strategic trading desk, was shot down as market opportunities dried up. person says citigroup decided they would be better deployed in businesses that serve clients. monsanto,l bid for which has a market value of $43 billion, fueling speculation that a german company might need to sell assets to help fund the d

rishaad: yvonne man is with our next guest who says beijing is increasingly dependent on credit. the headlines say it all, china's dead reckoning cannot be deferred indefinitely. joining me is george magnus. thank you. about the debt crisis that could be looming underneath these financial triggers in china. use a credit growth is running at a faster pace than what beijing is suggesting? how will this play out? guest: as a lot of people know, the official data released that everybody follows is an aggregate that they called total social financing, which is running at about 12%. -- iu add on the bits .ean, it is not a secret these are officially-recognized statistics that they are not included in total social financing. then you are talking about a .umber that is twice as big instead of total social financing which is going twice , we areas nominal gdp talking about credit growth that is about four times as big. are we going to see something like a japan-style malaise? picture of that kind of crisis is the way in which the crisis manifests itself. in the west, it was bank failures.

i am yvonne man. wars brewingpark in china, billions at stake. that is up next. ♪ a 40 4 a.m., these are the stories making headlines around the world. the philippine congress will declare the landslide winner of this month's election. the u.n. says more than 700 migrants are feared dead in the mediterranean shipwrecks over the past week with thousands of other saved by coast guard. the number appears to be the worst since april last year has spring weather encourages more people to attempt the crossing. at least 100 people are thought to have drowned when one boat capsized last wednesday. the incident was captured on camera by the italian navy. astronauts have successfully inflated a new room on the international space station. air was pumped into the module over three days, and the crew will wait a week to ensure it is airtight. the room will remain attached for two years. futureign could lead to habitats. powered by over 2400 journalists and 150 bureaus around the world, this is bloomberg news. a chinese billionaire has opened up his first theme park. tourism and entertainm

yvonne man is taking a look at this. gold is up something of a tear.ake a look at the past week or so, you can see momentum building. at the golden hearing yellow. -- you look at the gold here in yellow. this was on friday, quite a bit of an advance, two months or so. thursday, we trackback to april 28. this is what we saw, this divergence when it came to the dollar index shown in green and gold, when the two paths crossed . and what happened, a double whammy on the dollar. we thought the fed dovish when they kept rates on hold, softer eco-data coming out, so u.s. more cautious when it comes to the second rate hike. and the boj's running markets -- stunning markets. more pressure on the dollar, so we see fall back, divergence to the rest ofd the week. those are huge issues that are going to support the price of gold and silver as alternatives. raw a look at the other materials as well. we have silver. that is also on a tear. we have seen the diversions as well with the dollar index, and silver reaching to its highest level in more than a year. people h

yvonne man. pressure on the prime minister on how to revive growth.much love or support when it came to what to -- thesen what policy disappointing trade figures adding on the pressure. a seven-month decline in japan. we saw the stronger yen was the culprit after it has risen to 9% this year. imports looking -- slumping 23.3%. the trade balance much bigger than expected. 2.5 billion bigger than what economists were reporting. we have seen some supply constraints when it came to the aftermath of the earthquakes. there was some restriction when it came to supply shipments, auto-parts as well as electronics. that made have -- that may have weighed on exports as well. we saw a lot of friction when it came to the yen as well. the finance chief talking little bit about this, the recent move in the yen has been one-sided, speculative, a different view from jacob lew that said, we are not seeing any disorderly movement yet on the yen. i made it clear that stability and exchange rates is important. excess volatility and disorderly movements and currency will h

more of that coming up. iaae-m" ♪ yvonne: happy monday, the 16th of may and 90 von man in this is trending sydney, beijing and singer of the summer, but first, this is what we're watching this morning. asian markets showing disappointing data from china, but started to take an optimistic view, australia shrugged off early decline, the yen weekends and oil remains around $46 a barrel. with as among the losers plunge of the recall of mill