i'm yvonne man. the bulls still running. asia-pacific markets extending gains on wall street.the snp topped 2700 for the first time . stocks were lifted by confirmation that the fed was only gradual hikes, optimism that u.s. manufacturing is speeding up. betty: from global headquarters, i'm betty liu in new york just after 6:00 p.m. on wednesday. former friends fallout badly. steve bannon attacking his former boss. the president saying he lost his job and his money. -- his mind. ♪ betty: another day, another twitter fight, it seems. in the meantime, no fighting along the fed numbers -- members. we saw the minutes come out. continueeve they will on this gradual rate increase. now, the debate is how many times? several of the members said two, maybe less. others said at least four. that will be the crux of the debate around the fed in 2018. yvonne: what could be driving that is this continued debate on inflation. there is still uncertainty on why we are seeing -- not seeing higher inflation. also, there wasn't a lot of concern

i am yvonne man, look into daybreak asia.hat with a vengeance, sparking a rally on wall street and signs a similar gain of the last age of three today. bitcoin shrugs off its new your hangover on reports that say it is a founders fund that is aching investor. that was enough to send it so i'm from bloomberg's head were -- global high cordis. it is just after six of p.m. on this tuesday, the white house hinting at new sanctions on iran. why they grow increasingly violent and taking aim, speculation is growing that amazon will target target this year. they see it as an ideal retail combination. ♪ happy new year to you, elon. speaking of speculation, we had a wanted for the market participants saying that speculation will likely cause a correction this year. one comment he made in his surprises for 2018, he said the u.s. economy -- let's pull this up, the u.s. economy has a better you than 2017 with speculation reaching an extreme. all i can do is look at the chart here, g #btv 1241 showing closing for nine months straight, that

yvonne: i'm yvonne man in hong kong.ponse here to the president imposing a tariff on companies largely affected by this. samsung is one of them. they say the u.s. position is a great loss or u.s. workers and consumers. a lot of this -- the headwinds from this could actually be huge. a lot of these u.s. manufacturers rely on so much of some rely onroad, 80% of their supplies internationally. that's quite a big some. betty: it is. some companies will be quite unhappy. one of president trump's major moves to combat what he sees as unfair foreign competition, 30% to 50% on solar panels and washing machines. many of these companies in asia like samsung. up, marketing casinos paying off. this is bloomberg. ♪ yvonne: tuesday morning in singapore right now. we are hathaway -- half an hour away from the open of trading. i'm yvonne man in hong kong. betty: i'm betty liu in new york. you are watching daybreak asia. -- "bloomberg daybreak: asia." let's get to first word news with jessica summers. reporter: u.s. stocks hit another re

i am yvonne man. the come to daybreak asia, talking trade. onne: president trump confirms his stances. are offering ars robust defense of globalization. from the global headquarters, i am betty lou in new york. betty: central banks make the headlines, the boj governor quashes speculation about imminent normalization and all change at the fed, jay powell is asfirmed in the last hour chair. fed the janet yellen era has come to an end. >just a few more weeks and janet yellen is out of there. are piling in, they stocks, thatn with ripped in the u.s. permeated the emerging markets, some are trying to figure out who was meeting who but i want show you one indicator here, this chart that gives you a sense that the and may be coming soon. 2717 measures the breath of the stocks. about 80% of the s&p 500 stocks are now trading above their 50 day moving average, that is usually a sign that bull run may be ending. you can see that this has happened a few times during this bull run. we have not seen any and to u.s. stocks. you just ignore the technical's,

yvonne: i am yvonne man in hong kong.st to carmakers, the executive chairman of ford spoke with david at the auto show. timeless vehicle technology is already going into cars and it will help make vehicle safer. happening so ay lot of this technology is going into vehicles today, connected vehicles are starting to happen, vehicle stop at two other vehicles, all these technologies we have been talking about are starting to happen. so a lot of the pieces of autonomy are going in even as we are sitting here and they are all about making vehicle safer and more pleasurable to be in. so we are not going to wake up it day and had a switch but will be very incremental. but we think the payback on this will be tremendous when we get here, it will change our business model in a way that we think is going to be really amazing. limit theiciency will prophet. >> the profit per vehicle could be really remarkable, the uptime will be higher, it will be replaced quicker than current vehicles. we had our own projections and we won't know u

yvonne: and i am yvonne man in hong kong.s, the highest third-quarter profit in three years. the price drop brought in more customers. another company also beating estimates. missedence store lawson estimates. we're expecting results from fast retailing, as well as seven to nine. joining us right now is the bain & company expert joining us from tokyo. good to see you. there is a divergence when you look at the earnings from a convenience store versus department stores. what do these results tell you about the trend you're seeing in japan, the retail sector, and japanese consumer? what we are seeing in japan is that the country as a whole is [indiscernible] impact on industry in interesting way. the first one is, you start in theasset disposal supply chain. format, ayou have a generic format. time, you can focus on one specific category. what makes japan interesting is the fact that the so-called disruptors, the online players, find it difficult to enter this market. it'll be interesting to see how these trends play out over t

i am yvonne man. welcome to daybreak asia.riday, endings the week on a high after wall street bounced back to record levels. rateare waiting chinese data. a trade surplus is narrowing. betty: from bloomberg's global and -- global headquarters, i am betty liu. oil helping drive the market sentiment topping $70 for the first time in three years. fast retailing's global expansion pays off. outpacing domestic revenue for the first time. ♪ yvonne: it seems like the bond bulls are proving victorious, at least overnight. selloff ines to the bonds, a lot to do with the options we saw in the u.s. the last 48 hours. yearso have japan, a 40 auction coming in at 11:45 hong kong time. it will be interesting to see what the demand is like. betty: that will be very important. these yields -- i know we are watching equity markets -- but yields are dominating trade in equity markets and investor sentiment. not surprised by the uniqlo story. i like them, i get them on fifth avenue. let's get the first word news with courtney collins. up, presid

i am yvonne man.op stories,, the asian stocks look set to pull back from record highs following losses on wall street and oil and metals. well,n on the slide as they have lost as much as 25%. this is over for cryptocurrencies. no free lunch. from bloomberg's headquarters, i am betty lou on this tuesday. president trump cause xi jinping to complain about the growing u.s.-china trade deficit and the workers at a chinese apple supplier raising can turns -- concerns about harsh factory conditions. yvonne, we know equity markets here in the u.s. were lower but what has been rising and rising quickly has been s&p estimates by analysts. see so many upgrades because of how high the markets have passed the markets have run. i have a chart view that shows this g #btv 8902 here is the yellow line here for s&p earnings estimates this year. but how they are accelerating and rising given that the bull run, the record bull run we have seen so far, much faster than the s&p estimates for 2019 and 2020. it looks behind

i am yvonne man. asia."the top stories this tuesday, asian stocks set to build on more wall street records. japan returned from the holidays with the nikkei shooting for 24,000. fourth quarter miss for samsung as it loses its momentum in chits and takes a hit from a somber won. betty: from bloomberg's global headquarters, i'm betty liu in new york, where it is after 7:00 p.m. on monday. president trump said to be close the fed's vice chair. richard is out. toyota unveils a driverless concept car, plus big-name partners from amazon to pizza hut. yvonne: and betty, we are going to dive into the samsung earnings. chips seem to be the big focus, also the strengthening won, which increased 5% in the first quarter alone. it leaves the question in em overall. is this just too good of a thing right now that could end up eating into earnings? g #btv 4742. we have heard from south korea. regulators and policymakers taking about watching steps in these one-sided moves in the won as the dollar weakens globally in this s

yvonne: and i am yvonne man in hong kong.nnouncement that full-year iron or shipments hit a record thanks to its real network and other productivity upgrades, this mining company has jumped. they beat the median estimate of analysts. to our bloomberg reporter david stringer, joining us from melbourne this morning. shares down in light of this good news, it seems like there is a believe that the iron or space is getting more overheated ? guest: that's right. -- there arely those who see some problems ahead on the supply front. tinto,ght give them, rio some reason to slow down. its full-year shipments just over 330 million tons, that is in line with what the market expected. in fact, it is at the bottom end of their original guidance at the start of last year, a range of 330 to 340 million tons. what thef speaks to biggest producers have been saying over the last year or so. you have been telling the market and investors that the priority is on value, supporting prices of iron or, and not volumes. , not volumes. i think this co

i am yvonne man, this is bloomberg.haad: the continuing strength of the yuan is leading policymakers to question when it will push back. at what point do we see them coming in and doing something about this? one thing for certain is that it does move away when it comes to any accusations of china being a currency manipulator. >> that it does, you will remember that they said 6.5 is the level and no 6.4 and now we are at 6.33. it bowed 8% in the last 12 months. even in that trade weighted basket of its partners is inspected to be around a high not last seen since mid-2016. it does raise that question as to whether they will. seems to beview that because policymakers there are trying to move toward a system where there is greater market play in the currency and a greater move toward liberalization, they don't want -- step into a abruptly. bruptly.in too a another possibility is they widen the trading then for the currency. there could be a softening of those capital controls. the question is how much impact the yuan will

♪ in hong kong, we are live from bloomberg's asian headquarters, i am yvonne man.elcome to daybreak asia, the top story since wednesday, a mixed outlook from asian stocks after wall street keeps adding to all-time highs. the nasdaq is making it six out of six for the year. this is a bear market for bonds as treasury yields soar ahead. i am betty low here in new york, this is after 6:00 p.m. on this tuesday, north and south korea agree to military talks but the north says its nuclear program is not on the table. and is tech trending away from apps and back to get this? --will be live this hour back to gadgets? we will be live this hour. ♪ betty: a jampacked day today. you cannot get the bond king's to not talk today. this is noting that the 10 year, seemseasury bull market to become to an end and the bear market is starting with a yield and hitting 2.5% and then you have jeffrey, coming out of the later, also in his outlook and webcast when he talks about bill gross saying that this might be a little early but with these yields rising, it is going to hurt u.s. equit

i am yvonne man in hong kong. betty: i am betty liu.ournal said saudi arabia and its advisors remain undecided where to trade shares in aramco. the kingdom has been warned that a new york listing could expose it to lawsuits from shareholders and victims of 9/11. the company in riyadh did loan while not being able to handle the surgeon oleating expected from a s listing. yvonne: qatar airways has committed to better transparency. it will not go to the u.s. through other countries. american carriers say the deal is a victory and one of the biggest trade disputes in u.s. history. they claimed qatar airways and offended from $17 billion in government aid over 10 years. betty: billionaire brothers in india are being accused of divergent and digression of assets by a new york-based investor. a lawsuit filed in the delhi high court said they inverted loans from the publicly traded to helpls services firm them with a debt load of $1.6 billion. they categorically denied the allegations. yvonne: the controversy over volkswagen has taken another t

yvonne man inm hong kong.cies right now, the dollar the big focus today after the tug-of-war you saw. the white house between president and steve mnuchin on the dollar. we are seeing relative stronger dollar overall today. the dollar-yen back over 109. againstaussies staying the dollar. the kiwi seeing a little bit weaker and pretty much flat. to the detailsgo of china's earliest economic indicators and the implications of financial risk. this is bloomberg. ♪ yvonne: 830 in singapore, a picture to wrap up the trading week. half an our away from the open of trading here this morning. i'm yvonne man in hong kong. >> you are watching daybreak asia. let's get to first word news. up, white house officials say president trump is prepared to sign an immigration law that would give a pathway to citizenship for as many as 1.8 million immigrants brought to the united states as children. we are told the white house will offer a concession to democrats and at the same time, the president would ask congress for a 25 billio

i am yvonne man and welcome to daybreak asia.ries, the end of an era, the fed will meet for the last time under janet yellen. signaling hikes in march and beyond. paypal, and ebay jumped after hours, and paypal fell off a cliff. betty: and from bloomberg headquarters, this wednesday evening, talking trade. post-brexit,alks and the great fire sale in china. off a cash crunch, and the level of debt. ♪ yvonne: we are getting breaking news from south korea at this hour. the trade surplus coming in smaller than what economists estimated. why is importson are coming in higher than what economists surveyed. an increase in imports against expectations. --orts still robust here despite the stronger won. this is all for the month of january. that import number quite a big jump from what we saw in prior months. yvonne, we are seeing exports and how robust they can be with the stronger currency. yvonne: it seems they are overlooking and shrugging. this is after the base of facts were not favorable. we saw double-digit growth of january of la

i am yvonne man. this is bloomberg. haidi: thank you for that.markets are headed for declines, and extending the declines gasol overnight on wall street despite being on the verge of their third best january on record. watching allt is of the action from singapore. is this really the bond market story, we're seeing some contagion, or are you watching this going this is what should happen? would you feel more comfortable we got some logical pauses along the way? >> that's not fair, we've had a complete lack of relatively recently, and it makes sense there are corrections beard in the the rally seem healthier when there are some pullbacks. year,of risk events this whether it was the fed meeting, labor data, the state of the union, the supply schedule, there is so much going on. after an incredible start the year, massive gains in equity markets all over the world, it does make sense for investors to retrench a little bit, especially in the next two days, portfolio rebalancing will probably amount to a lot of equity selling and bond buying developed

yvonne: i am yvonne man in hong kong.derlying profit for 2017 due to fewer property sales and a decline in sales from its mainland china business. here to talk more about those earnings, the chairman himself ofhang lung group, ronnie chang. a little bit of push given these ever higher property prices. what is your read on the year? >> the hong kong property for sale, we basically sold everything. [indiscernible] we did not have too much to sell. in hong kong and the mainland, flat for the year, minus one or plus one, does not matter. there is also an inflation issue. it is basically flat. the markets however, recovered nicely. but it takes time with the lease terms to be reflected in our numbers. i would not be surprised within the next 12, 18 months, you see an uptick. yvonne: you mentioned properties last year. this was a substantial drop from a year ago. you say this was a deliberate move? ronnie: no, we just cleared out inventory. yvonne: you are not waiting for higher prices? ronnie: no, we just sold a most everythin

i'm yvonne man. welcome to "bloomberg daybreak: asia." asian stocks facing a mixed start after a choppy u.s. session, trading and the dollar lower. democrats and conservative republicans say a stopgap bill is under threat. is under threat. a vote is expected soon. from -- ty: just after 6:00 p.m. on this thursday. morgan stanley with more bad news on trading revenue. but optimism about the taxty: jn this thursday. cut. rippling -- spotify rippling -- spotify revealing plans for new listening options, for radio and podcast. ♪ yvonne: it is a showdown in the podcasting world. also a showdown in washington. we are going to be getting the vote. essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. looks like we are closer to a government shutdown. i want to pull up this chart, which raises another issue. it i separates, but related to this continuing resolution vote. issue, which is the debt ceiling. that deadline is coming up. it is a bit of a moving target. expectations are we are goi

i am yvonne man. the come to daybreak asia, talking trade. nfirms his stances. are offering ars robust defense of globalization. from the global headquarters, i am betty lou in new york. betty: central banks make the headlines, the boj governor quashes speculation about imminent normalization and all change at the fed, jay powell is confirmed in the last

i'm yvonne man. welcome to "bloomberg daybreak: asia."acing a mixed start after a choppy u.s. session, trading and the dollar lower. democrats and conservative republicans say a stopgap bill is under threat. is under threat. a vote is expected soon. from -- ty: just after 6:00 p.m. on this thursday. morgan stanley with more bad news on trading revenue. but optimism about the taxty: jn this thursday. cut. spotify

i and yvonne man in hong kong. >> i am betty liu in new york.front, and a payment contingent on regulatory approval for new medicines. impact is developing a drug for treating blood cancer and bone marrow disorders. pressureas been under to replace revenue from its top-selling cancer treatment before copycat drugs eat into sales. airbus discussing a large plane order from china during the president's visit this week. our sources say it focuses on a a330 jets. china purchases its jets collectively before disturbing them to airlines. it counts now for a quarter of airbus deliveries. disney's latest star wars movie took in $29 million on its opening weekend in china, coming in below its two predecessors. it takes the global all to more to more thanaul one point $2 billion. china is struggling to build a franchise in china. it is a shame. next, another run for the top job in malaysia as the nation's top opposition parties picked him for candidate as interim prime minister. this is bloomberg. ♪ is this a phone? or a little internet machine? it makes

i am yvonne man.an stocks look set to pull back from record highs following losses on wall street and oil and metals. well,n on the slide as they have lost as much as 25%. this is over for cryptocurrencies. no free lunch. from bloomberg's headquarters, i am betty lou on this tuesday. president trump cause xi jinping to complain about the growing u.s.-china trade deficit

i am yvonne man. >> i am haslinda amin in singapore.s with paul allen. >> thanks. in more than yuan two years is prompting speculation about steps to cool gains. beyond 6.5 ined september, and policymakers made it easier to bet against the currency. isomberg sources say china escalating its clampdown on cryptocurrency trading. banneduthorities cryptocurrency exchanges last year, they have noted an uptick in activity on alternative venues. the plan is to block access to platforms that allow centralized trading. gained as an ecb governor said the bank should halt its a net asset purchases. he told a german newspaper the ecb said adjusted policy guidance before summer and said the last step to zero is "not a big deal anymore." baja brain says an emirates flight from dubai to its capital was one of the flights buzz by qatar. a qatari royals said he was being held against his will in the uae. that claim was denied. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >>

i am yvonne man, look into daybreak asia.nce, sparking a rally on wall street and signs a similar gain of the last age of three today. bitcoin shrugs off its new your hangover on reports that say it is a founders fund that is aching investor. that was enough to send it so i'm from bloomberg's head were -- global high cordis. it is just after six of p.m. on this tuesday, the white house hinting at new sanctions on iran. why they grow increasingly violent and taking aim, speculation is growing that amazon will

. ♪ ♪ in hong kong, we are live from bloomberg's asian headquarters, i am yvonne man.ak asia, the top story since wednesday, a mixed outlook from asian stocks after wall street keeps adding to all-time highs. the nasdaq is making it six out of six for the year. this is a bear market for bonds as treasury yields soar ahead. i am betty low here in new york, this is after 6:00 p.m. on this tuesday, north and south korea agree to military talks but the north says its nuclear program is not on the table. and is tech trending away from apps and back to get this? we will be

i'm yvonne man. the bulls still running.s extending gains on wall street.the snp topped 2700 for the first time . stocks were lifted by confirmation that the fed was only gradual hikes, optimism that u.s. manufacturing is speeding up. betty: from global headquarters, i'm betty liu in new york just after 6:00 p.m. on wednesday.

. ♪ ♪ kong, i am0 in hong yvonne man, welcome to "daybreak: asia."arts -- stocks looking at a right start. a fed u.s. they to, firms hike. president trump said an immigration deal is probably dead as tension grows to keep the u.s. government funded past friday. in newi am betty lou york, it is just after 6:00 p.m. on sunday evening. wells fargo flagging a surprise $7 billion windfall from u.s. tax reform.

live from bloomberg headquarters, i am yvonne man, welcome to daybreak asia. a breather after the u.s. holiday and the dollar sinks for a fourth straight session, helping the aussie and the kiwi. of onlinetarget platforms and mobile apps. i am betty liu here in hong kong in it it is just after 6 p.m. on this monday evening. the iron or shipments hit a record with automation helping boost productivity. plus the

i am yvonne man. this is bloomberg. ♪ rishaad: thank you.oming out with topping.ion on rates looking at the background of tariffs being introduced and solar panels and washing machines by donald trump. we willrnment shutdown probably be talking about in three weeks, because it is a bandit. around 80have earnings reports out this week. -- secret aussie of global synchronicity of global growth. the tariff issues starting to play out, solar panels and washing machines, it is one of the president key campaign promises to get tough on trade. also when it comes to the boj, not a decision to change as such, but expectations of growth inflation. any backthere has been into the still papering the markets have been expecting. governor kuroda is expected to dampen expectations when it comes to policy change. the could be a slight tweaks to the official announcement. that's get it over to kathleen hays, in tokyo. we are counting down. when are we expecting -- what are we expecting? we will try to get to her in a moment. anytime now we get the bank of ja

am yvonne man hong kong.sday evening in washington, and a key moment for the president, is making his first state of the union address which he is likely to take credit for the improving economy and also the jobs market. joining us now, senior economist, stephen friedman. more watching the speech and looking for what? >> i think what we are looking for our signs of the forward agenda for the year ahead. details on infrastructure, immigration, military spending, things that will impact consumption in the economy. sense, but aakes lot that could affect the economy, in terms of policy, you could argue have been done perhaps. we are waiting for them to carry out. tax reform in particular, the dismantling of regulation. is there much that is going to begin changing for the economy? to say if there's going to be anything that is game changing. with infrastructure spending, there is a clear need for that. democrats and republicans see that. wearing a situation where toughest are going up, and there is a philosophica

yvonne: i'm yvonne man in hong kong. the u.s.ed to suspend annual military drills. they are seeing some progress at least when it comes to negotiations. plenty were happily -- plenty more happening. u.s. talks to amend a five-year-old trade deal. it takes place in d.c. let us take a look with young sun knwon. thank you for joining us. given the north korea situation, i cannot help but wonder what will happen with this deal with the u.s. and korea now that pyongyang seems to be creating a wedge between these two countries. is there a chance of the break serve? president trump -- breakthrough? president trump seems to think there will be a quick fix. young: i do not think there will be a quick fix. is ihing that is important believe there is an open line between t two koreas. we believe it will reduce the miscalculation risk. >> some people are saying january is kind of the moment of truth where we learn from the trump administration on and their takes on trade policies. because you have the core stocks and nafta talks, talks to pu

people because the obvious place that one against everyone caught he is the west and here old yvonne single man the underdog who fights the bureaucracy fights against following us and so on and that's attractive so he's a master of drawing empathy to himself people can identify with this course they are this underdog and they suddenly feel like they are the victim of conspiracies to sow the american why left out people in the southern states they can suddenly feel like someone is fighting for us and trump is exploiting exactly that that strategy. and even when it is as we saw in the report where he's demonstrated to have lied he produces policies that see a counter to what america used to stand for. he does that how does that affect his popularity. well he's deeply divisive to people right now his approval rate is below forty percent or around forty percent which means like one thought that the country is solidly behind him people can feel empathy for him can identify with this cause unlike how you fight speck how he kind of is aggressive and as these emotional outbursts while true thoughts of

yvonne: and i am yvonne man, and you are watching daybreak asia.dent trump's economic team has landed and davos, taking their america first agenda to the world form. steven mnuchin broke tradition by saying publicly that a weaker dollar is good for trade. sending traits back to the loads since three years. a trade war is already underway. china says it will surprise the world with new reforms this year, reaffirming its plan to open up and attract foreign investors. toldef economic adviser delegates that some of beijing's measures will exceed expectations of the international community, although he didn't give specifics. over a trade war with the united states. some measures will exceed the expectations of the international community. it is not only important for china, but the world. over theg will resume ho chi minh stock exchange later thursday after a two-day technical glitch caused an outage. markets have had several trading halts, indonesia suffered to distractions back in july, while india's biggest exchange severed a three hour halt. singapo

i am yvonne man. space,he commodities gold his flat. -- is flat. crude oil just over $64. chart,to bring up this 6308. palladium has gone up. i want to take you through what has been happening. other outperformed 33 major commodities. climbed almost 4%. set 17rpassed the record years ago. palladium is used to curb pollution from gasoline engines. if you are wondering what else jewelrypalladium for, and dental fillings. >> we always need our jewelry. rallied like has gangbusters. the trade numbers on friday continue to show the chinese are buying commodities, not just palladium, zinc as well. the longest run in 13 months. so that healthy global demand picture holds, not to mention dollar weakness. a lot of these countries scooping up and buying into this right now. goldo would have thought would be back to being a safe haven, right? >> absolutely. that is the pulse from commodity so far. let's check the first word headlines. >> republicans are holding out hope of a deal on young immigrants despite president trump declaring a bipartisan agreement probably dead, heightening t

i am yvonne man. this is bloomberg. rishaad: thank you so much.is dollars were start to the year since 1987 and could get worse. kathleen hays is in tokyo with our special guest. take it away. absolutely. what a perfect time, yen rising, surging, white house sending mixed messages on the dollar, so who do you call at a time like this? mr. yen, of course. eisuke sakakibara at the ministry of finance in japan for 25 years and vice minister of finance and helped to guide the yen and the policy through the late 1980's into the 1990's. it is what has earned him that moniker of mr. yen. i want to start on the news of everything out of the white house. the weakchin says dollar is ok, president trump like the strong dollar. who should we be listening to? >> the strong dollar is to the benefit of the u.s., and trump has repeated that, but for the short time in order to reduce deficits, the weak dollar is better. two statements not inconsistent with each other. wasou are somebody who overseeing currency policy at a time when central banks, treasury departme