narrator: mosaic, understanding through diverse voices around the world. tonight on mosaic, china has a new slogan. narrator: introduced by chinese president xi jinping in 2012, the china dream is a pledge to rejuvenate the nation. prof. cheah: when i hear china dream, the first thing i think about: materialist consumption. ai weiwei: i think it's just a nightmare. narrator: is the china dream of security and economic prosperity for all chinese citizens or only for the well educated and fortunate enough to already be middle class? professor taz frazier: you know working class, working poor, rural chinese citizens are finding the chinese dream to be a myth. prof. stan rosen: it's being introduced at a time when you're trying to pull back everybody who is going off in their own 1.3 billion directions. narrator: tonight on mosaic, through the eyes of film makers around the globe we explore the china dream with intellectuals, overseas students in america, migrant workers in beijing, and an entrepreneur in africa. tonight on mosaic, the china dream. dean yam yeutong: national rejuvenat

playing across currencies. dollar-yen, down about .25%. china, the market is usually dancing to its own beat, and that is what we are getting at the moment. we are up for a seventh straight day. well above 3000 for the shanghai composite, on mid-speculation that this lack of margin debt will lead to another explosive rally. the fuel thats fired china's market boom and bust. policymakers are reviving support for margin trading. the state backed agency that provides funding to brokerages is offering shorter-dated loans and cheaper prices. >> essentially what we have seen at its margin debt is lowest level since the end of 2014 in china, and we know the shanghai composite tracks the margin trading we have seen across china. was tryingacked fund to get this rout off the ground. it has offered shorter loans and lower interest rates. we are seeing these interest as low as 3%. this loosening is expected to reignite interest in the equity market. rishaad: people, of course -- this is what happened last year -- juliette: there was that big composite.e shanghai we saw that the leveraging increase

u.s. warned china over its militarization of the south china sea. china is boosting its military presence in the south china sea, creating bases on islands carved out of coral and sand. the concern is more than one third of maritime traffic flows timesh this region and 15 as much oil as passes through the panama canal. scott thuman examines the dangers of the green lagoon. scott only a few yea a cays in the spratly islands off the coast of the philippines and south vietnam were largely uninhabited, wanted only as fertile fishing grounds. today, converted to military outposts equipped with runways and sophisticated radar towers. adm. harris: china's intent to militarize the south china sea is as certain as a traffic jam in d.c. scott: admiral harry harris, jr., is head of the us pacific command. he came to capitol hill to raise concerns about china's intent. adm. harris: in my opinion, china is clearly militarizing the south china sea and you would have to believe in the flat earth to think otherwise. greg poling: you're seeing an entirely new island, where nothing existed before.

♪ angie: a note of caution as beijing makes growth its top priority. a warning that china's debt levels are too high. positive on negative, christine lagarde says rates below zero may be good for the economy. we have an exclusive interview. evidence ars find was behinded gang the $100 million bangladesh bank heist. welcome to "first up" coming to andlive from hong kong streaming on mobile and bloomberg.com. markets in asia, this first trading day, australian equities are climbing fractionally higher. at $.75,e dollar weakening slightly against the u.s. dollar. new zealand, this is the picture there. also climbing a fifth of 1% as asian equities sees its fifth week of straight gains. market we have to tell you about today is japan, where people are celebrating vernal equinox day. after the national people's congress gave priority to achieving at least 6.5% annual comments suggesting it will be a difficult balancing act for beijing. we have a look at all the challenges. haidi: it is interesting. 6.5% to 7% that growth target announced, it did clarify that policy message that there

increasingly assertive and powerful china. how to deal with the military power is the reason for today's special event. the 11th and newest book by peter navarro is entitled "crouching tiger: what china's militarism means for the world". distinguished scholars from china, toshi yoshihara and benjamin goldberg team. first, let me say a few words to frame the china debate in the context of today's events. this is december 7, a reminder of both strategic surprise and how a rising asia power might seek expansion of control throughout asia. the concern today is a re-emerged nationalistic and increasingly provisional list china is bent on establishing a larger sphere of influence. seeking to restore china to greatness simultaneously seeking to rejuvenate the nation and preserve the party. in addition to comprehensive reforms at home there is a reassertion of territorial claims and in effect militarily pushing back the us which and you areenjoyed a long-standing preponderance of power in the asia region. it seems to gain control and the south china sea. although china is riddled with my

just talking about this of stocks might be at risk because of the tourist flow from china. we are seeing a pop in the defense-related shares. have a look at the shanghai composite. , alsoown across sectors moody's revise the credit outlook for 38 state owned chinese companies from stable to negative. long story short, and this is based on their statement, the change in sovereign rating , their capability to thanrt soe's weaker moody's expected. china a picture of an economy that sputters on all fronts. sector slowed down in february. onare in beijing with a look the back of disappointing pmi manufacturing data. china keepsews for rolling in. pmi coming up 49.4, falling from 50.1, so it did hold its head above water in the previous month. broadly painting a picture of disturbingn what is is this services sector is meant to be the new driver of china's economic growth, more than 50% of the economy. this has been the intention to overtake the traditional drivers. data shows it's starting to lose steam. year it isf difficult to get a read of the , factories and businesses closing, fin

says another blow to the stalling revival plan. property in china is reasonable despite official stimulus spending, tier one surging higher. some advice, don't speculate. let us know what you think. follow me @rishaadtv, include #trendingbusiness. some gains here hot on the heels of what we saw on wall street and in parts of europe. happy friday -- a happy friday for the markets after central bank action and economic data around the region. where seeing this dovish fed effect playing out, without japan, of course. strength coming out of markets heavily dominated by mining stocks. a surging commodity prices benefiting from the u.s. to dollar dropping. up, driven by iron ore miners. asia, online, southeast dominated by commodity stocks. the straight times up by half a percent, malaysia up by 3/10 of 1%. extending losses. affect, a day of resurgent yen strength yesterday , another 3/10 of 1% today. that 110 handle briefly against the u.s. dollar, the strongest for the japanese currency since 2014. trading still at that 111 handle. dollar strength hitting other asian currencies, the

first now. +++ loosened controls. lagarde says that china is on track with this and expects more difficulties on the way. >> it will be good and it will not go without this on the road. there is a delicate balance to be struck with the economy and the reforms that need to be accelerated. minister setsian the first time in 30 years. say it is a handbrake on growth. the senate will have an additional risk with the legislation. these of time to pass important laws. if the senate fails to pass the laws, i will suggest they dissolve parliament. visitma has arrived for a and is the first sitting president to travel to cuba since coolidge. he will meet castro. the authorities called off a football match two hours before a link and it came after out aamic state carried suicide bombing. the conservative party has worsened with the criticism of the style and the focus. smith says he is no longer able being lowered. concerned that the government i want to succeed is not able to do the things it should and it gets the deficit down. +++ day. now, you can find more on our website. >> thank you

completely overlooked the other crisis, the sino indian war. china and india of the world's two biggest countries by virtue of population. and back in the 1960s they were the cutting edge of a competition between democracy and communism. in many ways they were where the whole cold war was really going to be fought out. kennedy had campaigned in 1959 and 1960, one of the flanks he campaigned on was the united states wanted india to win this competition. the state department memo was remarkably president and they got it right. a few days later the war began and the chinese began overrunning the frontline indian positions. within a week or two india was in a very strict position and looked like he was going to be defeated. nehru did very, very reluctantly asked the united states and the united kingdom for a system. and by the end of october of 1962, the united states and the royal air force were flying a massive airlift of weapons and equipment into india. six, 7074 land everyday at new delhi international airport, and from there american c-130s were taking equipment to the front l

. china markets underway. good morning. asian stocks swinging today as investors weigh china's move to cut its economic growth target. afterse stocks falling capping the best three weeks since 2014. the nikkei down, but investors say the recent rally and japanese stocks will stick. off ahead of a rate decision on thursday, another rate decision in new zealand. new zealand stocks currently unchanged. up, energy -- asx producers leading gains with that rebound and oil. oil just capping the best three-week rally we have seen in , gaining 1.5% per barrel, helped by speculation that a firming u.s. economy and government data showing production is starting to fall. let me take a look at the aussie dollar, falling 3/10 of a percent after climbing in the last few days. andlimbed all last week defies forecast, rising commodity prices, falling and expectations the central bank will help the and waiting for the rba deputy governor tuesday tomorrow. traders will be looking at that for more clues to where the currency is headed. has ad: china emphatically rejected charges of a hard landing. rule nu

francine: china outlines growth. it, theersus inflation 11th round. the bank of international settlements says negative rates are working for now. eu leaders meet with turkey's prime minister to contain the refugee situation. tom keene is in new york. even when i am in london, we have to talk about u.s. politics. we are seeing reversals. the stocks in europe are no longer gaining. touch on oil as it moves higher today. francine is really focused on the european central bank. is that thursday? francine: it is thursday and we will hear more comments on it.ative rates and the brex let's get to the first news with caroline hyde. caroline: leaders are expected to press turkey for not allowing migrants to enter europe. they want to support greece. turkey is putting it since the eu needs its help, a crackdown on opponents of the president won't hurt its chances of becoming a member. the government has seized control of a company that owns a best-selling newspaper. curtis lawmakers may be stripped of their parliamentary immunity. killed 47nd attack people at a security checkpoint. it

russians on syria. plus. >> reporter: i'm on a disputed island in the south china sea where this time it's taiwan making waves in these troubled waters >>> we will meet the man on a mission to give indonesia's endangered orangutans a better future >>> we begin this news hour with latest on the investigation into the brussels bombings. it seems that a second man believed to have taken part in the bombing at the metro station may still be at large. the hunt is still on to find the man seen on a security camera at the airport. there appears to have been three bombers at the airport. two are dead, but this man is believed to be on the run after his explosives failed to detonate properly. his identity is unknown. the two suspected attackers who died at the airport, najim laachraoui was already a suspect in paris attacks. the other airport bomber has been identified as brahim el-bakraoui. he had been deported from turkey after being detained at the syrian turkish border last june. meanwhile his brother brahim el-bakraoui is believed to have carried out the bombing at the metro station. he was al

, including china's slowing growth, engs in the middle east. how much of this is about markets trouble the by donald trump, bernie sanders, both of them? >> i agree with it you, it has less to do with the politics, more to do with what is happening around the world. why? the latter is bigger. there are many possibility outcomes in this primary season in the united states, that the markets can't price everything. markets have been looking at that, bemused like other people, and waiting. over the next few weeks we'll have greater similar itty, at that point you'll see the markets price, and potential outcome. now they can't do that. there's too many possibilities and it's been an exceptional season. >> on the democratic side bernie sanders has a long road to go if he were to overtake hillary clinton, but on the republican side donald trump is looking like a potential nominee. how do the markets interpret that. what does one make of donald trump as a republican nominee or president? >> there are two narratives, right. people are really split and they haven't been forced to make up their mind.

expanding the possibilities in growth markets like india and china, depending on how this se plays. >> right. >> all right. well, guys, we'll see how this plays out. of course, i will be covering it live from here. for now, back to you guys in new york. >> yep, we've gotten that standard warning from the apple store that they're down, so to speak. so we know we're in the dark side of the moon, guys. we'll see you in a little bit. walt mossberg and jon fortt in cupertino today. how has the company marketed its iphones? we'll get a closer look with andy cunningham. the president making that historic trip to cuba. google, air b and b, some tech companies betting big. and mark zuckerberg, will facebook be available in china in the near future? we'll talk about that when "squawk alley" continues in a moment. blaf trugreen presents the yardley's. hello?! -oh, pizza is here! -oh! yeah, come on in! [claps] woah! lose the sneakers pal. kind of a thing. spring is on. start your trugreen lawn plan today. trugreen. live life outside. . >>> welcome back to "squawk alley." i am here at 1 infinit

, took $170 million in north american theaters, topping estimates. china was included, pushing global takings to $224 million, the first of 10 films planned by the end of the decade. loebist investor daniel has urged seven and i to avoid letting nepotism to determine the next ceo. what is third point saying now? already saying he is suffering from health problems, so investors are worried that the ceo will try to appoint his japan the next ceo of 711 and eventually of seven and i holdings. explained that the criteria used to determine the next ceo should be competence and the ability to run the company successfully, not family ties or preserving the suzuki family dynasty. , third point,ink should be a leading candidate? the current president of 711 japan, and they think he should be a leading candidate for the top post. they are worried instead that he will be demoted. when it comes to a business strategy, third point had some views, they think seven and i should read shrink and restructure businesses and focus on operating convenience stores, which generated 45% of its revenue in 201

china economy, the u.s. economy relationship during a legislative conference. this is courtesy of state-run china central television. >> good morning, ladies and gentlemen. today we have the honor to have invited premier. we have an impressivef turnout and our time is limited so i would ask you ask only one question. now some opening premarks from premier li. -- remarks. >> a very warm welcome to you all and i want to thank you for your interest in china's two sessions and for your hard work. just now as our moderator said time is limited. let's get done -- down to business and by the way: >> with the rec eshrecent violan the stock market are real. what is the challenges facing the market? what are the plans for the chinese government for the future development of the financial market and strengthening of regulations? what are the major reform steps that will be adopted for stock, currency, and the market in china? will the recent volatility hold back the development? and will the stock connect be lunched this year? [speaking chinese] [speaking in native tongue] >> you got the fir

rally around, a better u.s. employment scene, and every thing that is happening china as leaders gather for the end. chinese stocks are rising. this is the longest winning streak in five months. decliningaying is 4/10 of a percent. after chinese policymakers announced measures to reach their growth target is here, the afx 400 is up highest level in months. a different story for japanese stocks, which fell in the morning session. today, they're down 4/10 of a percent. best three weeks since 2014. thursday, a big decision in new zealand, stocks are not doing too much. i will be back more with -- i will be back with more. has rejected china fears of a hard landing. rule number one with the there has been of a 6.5 percent growth this year, and those technologies are facing difficult times ahead. heidi is now with us. heidi? heidi: to put that in the context, there is still a very high growth target. the supply-side reforms would come at the expense of shorter-term growth. this .5 to 7% is the first actual growth rate we've had since 1995. in terms of the other targets that we have be

>> in china trade tumbleles. old engines suffer as the nation's exports slide more than 25%. the bank of england governor is dragged into the brexit debate kerry negative rate to be. the nodvice chair gives to interest rates below zero abroad but says he would rather not go there at home. anna: a warm welcome to the program. this is "countdown". let us start with a focus on what is going on in germany. we have breaking news. this is germany's largest power producer. we are ready have some of the topline numbers. they pre-released some of the numbers. they were suspending their dividends. we have details on how the performance is going. 2015are talking about the net loss going in at 170 million euros. a profit previously of 1.7 billion euros. the adjusted net income we were expecting -- this is the unadjusted number. the operating result has also fallen compared to the previous year. we are getting a breakdown of how they performed in all of the various parts of their business. ae bigger picture story is broader story about power prices at their lowest level since 2002 in germany.

banks when it comes to the china session. we are seeing a little bit of weakness, pressure coming. reports to the pboc, chinese regulators are encouraging inks to pick up -- banks to pick up debt. we are seeing gains coming through from energy services. parsons in sydney, of by seven and 3/10 of 1%. of at $31seas, news billion purchase of property assets. that stock is up by 3%. -- kansai electric down, 1.75%. just taking you through the aussie dollar, training at .75 at the moment. this is the highest point we have seen from the dollar from july of last year. rishaad: thank you very much. a heat of pressure on the leadership in china as they try to meet this year's growth target, which is at least 6.5%-7%. and retailsales were both slowing in the january and february period. how will the government meet that goal it indicators continue to show deceleration? >> and does it really matter if they meet the goal or not? having one growth rate for an -- withountry was such such a diverging economy in various regions is a bit of a joke. but still, the data we are getting is confirming w

gary marcuse on how cultural traditions intersect with economic growth in cambodia and china. coming up on "earth focus." kalyanee: as an immigrant, as a refugee, you know, from cambodia, my family and i, you know, fled cambodia when i was four years old. and what i realized was what happening in areng valley was that the people were also being threatened by the same kind of displacement and uprootedness. and what i've seen with the chong people is that they live a very beautiful life, completely conneed to nare, ani was inired to ke this film to help people understand, you know, how important that connection is. [baby fusses] kalyanee: so the chong people have been living in areng valley, you know, for over 600 years. and we went back to cambodia to film and i discovered, you know, two of the most amazing people i've ever met in my life. and what i discovered was that they are probably one of the most rooted and grounded people i've ever met, and the reason is because of their connection to the land. you know, they feel so grateful for nature because everything they have comes from nat

angie co. it is noon in hong kong -- data frome latest china shows that exports slumped in february, with shipments plunging 25% in dollar terms from a year earlier. it extended the stricken declines for 16 months, falling 14%. trade surplus has $32.6 billion. show contraction was less than expected in china due to a drop in consumer spending. figures also show that growth begin itsthe boj negative for a program designed to increase lending. another goldman sachs banker is caught up in the investigation into malaysian investment funds. sources say was subpoenaed by the justice department anin late february. he left early this year. headlines, powered by 2400 journalists in 150 bureaus around the world. let's take a look at the markets. hong kong and china are closed for lunch, but here's how they were trading in the morning session -- all in the red after export figures disappointed out of china. this is singapore, tokyo, and mumbai, down. the nikkei down 1.4%. time for bloomberg west. emily: i'm emily chang and this is "bloomberg west." a favorite new target eager to rein in skyhig

with the u.s. attorney general. there's no business like no business. china takes control of the world's best-selling brew. and asian emissions. we talk about expanding in china and gambling on a casino in vietnam. i'm david ingles, keeping my eye on the market. shares are having their own supersession, up across the region. gainsg at $300 billion in at least on paper across the markets here. in context, since mid february, shares have managed to claw back half of this year's losses. this move by moody's, as rich pointed out, largely ignored. i think cues from wall street, where u.s. shares and their best day in over a month, are helping boost asia. we had stellar growth out of australia. , moneyoosting sentiment flowing back into risk assets and risk currencies. yen above 114. little changed, though. 113.99 yen. we were talking about super tuesday. also got a mention from donald trump. he mentioned the yen, blaming the delivery devaluation of the currency by the japanese for economic challenges. rish? rishaad: looking at hillary clinton and donald trump, looking to be the big wi

that electric car. soon.etails on that any minute now, we are also getting other new set of china. we are hoping to get the latest caps on on the economic health and we know that the weaker yuan has not been helping china's export competitiveness. at least, not yet. it has dropped the most in nearly a year. stephen engle has more on that. reporter: i'm looking at the bloomberg terminal. the numbers are expected to cross anytime out of beijing. statistics bureau should drop them. exports last month fell the most in nearly a year. there definitely are seasonal distortions because of the lunar new year holiday, as there always are. might be the worst in the median forecast. the median estimate, from 30 economist is for exports in february, falling 14 and a half percent -- 14.5%. we get a second figure for the yuan terms. some of those numbers are a little bit skewed. three out of the four top ring economist -- top ranked economists expect the figures to be even worse. drop of thes the 20%. goldman sachs, jp morgan, they all asked at least a 19% drop in exports year over year in february.

angie: the slowest growth in a quarter of a century. that is the forecast as china outlines a new five-year plan. ahead, but there is no chance of a hard landing. the governor supports further reforms, making fiscal policy more effective. welcome to "first up." man standing in for angie lau. we are seeing the aussie stocks of a third of 1%, extending the gains we saw last week of five straight days of gains. the aussie dollar seeing a little bit of weakness. let's take a look at how new zealand is faring. we are also looking at the opens in japan and korea. the nikkei 225 into the day on friday a third of 1% up. we could be seeing some modest gains. it is going to be a weaker yen today. 113.81. note trading in mumbai -- no trading in mumbai. it is all about china today. china has rejected fears of a hard landing as leaders outland -- outline their target in the latest five-year plan. rule number one will be development. he acknowledges difficult times ahead. haidi is in beijing for us. they still have this growth addiction. on the back burner. development and growth our top priori

on memory chips. he estimates this business could generate $20 billion in sales. china has been drying to reduce reliance on foreign technology, and semiconductors are seen as title to national security. china is an important market for the chip industry, almost the biggest market, a world-class chip company may appear in china, currently we are focusing on design and we hope to set up a memory chip plant in china. last year, we sell revenue of , and 200ion yuan million in profit, almost 10% profit. credit suisse, taken by a surprise and a buildup and liquid trading positions, sparking a loss in the first quarter. the global markets unit will lose money, revenue dropping 45% from a year earlier. debt,gs of distressed leverage loans, and securitized products, triggered $258 million of write-downs in the third quarter. there will be deeper cost cuts, ,ncluding another 2000 jobs bringing the total headcount to go to 6000. the bank was to cut risk-weighted assets in the global markets business by 20% to about $60 billion this year. the coffee chain starbucks is not shy of a challeng

francine: china leaders gather. eakening growth. global rally driven by better than expected u.s. data. urope weighs in. a warning of a brexit. this is bloomberg's "surveillance". i'm francine lacqua here in new york with tom keene. we talk politics and china and negative rates. tom: a swing back to rates and what we're looking at. you're aware the united states has a jobs report tomorrow. we call it super friday. francine: only the most important piece of economic data probably in the world apart from china if we see a slowdown. a little bit of news from retail sales. the e.c.b. is meeting march 10. increasing some 2%. put that against the weaker than expected inflation and some pretty dire economic service data from the u.k.. tom: the german yields, we will get to that and a data check as well. >> north korea has shown what it thinks about the new united nations sanctions. hours after the security council approved more sanctions to punish the country for a nuclear test and a robert launch, north korea was at it again. it test fired short range projectiles into the ocean. invest

#trendingbusiness. china markets underway in 30 minutes. quarter.of the haidi: we are ending on a strong note. the best monthly gain since 2009. still on that extended tear from said, buildingen on 2016 highs. that sentiment seeping through to the early asian session. a few strong sessions of gains for south korean stocks. singapore lower on account of the drop in oil prices, u.s. inventory continues to build. that, some of these energy names, particularly those listed in sydney, rushing off that the klein. origin energy, up by 5.5%. that despite the plunge and oil. japanese stocks seeing gains, up by .5% for the nikkei 225, despite relative strength of the yen. the dollar continues to weekend. take a look at the movers corporate news, banks in the spotlight as earnings come through. this is what is happening in the ta pummeled,n, taka down 20%. bill for the recall could be $24 billion. japanese up, a that of games, but reports the israeli company that cracked involvedhone has been -- the owner of that company helped to crack that iphone. hai starting trading after being halted ye

and brazil's divide between rich and poor. narrator: the next phase of globalization. china is a case in point. the country is in transition, moving from being the workbench of the world to higher levels of qualification and more services. and beyond its borders, china is investing more and more in other parts of the world. most of the money is going to other asian countries, but sub-saharan africa ranks second, at over $119 billion u.s. for a long time, it was an exchange of infrastructure for raw materials but now, like here in ethiopia, we're seeing factories that once stood in china. reporter: the early shift is about to start at the world's largest women's shoe manufacturer, located on the outskirts of huanxiang in southern china. the boss has ordered the employees to assemble, and each and every one of them knows their spot. time to march in place. reporter: attention. look to the right. look straight ahead. good morning! zhang huarong has some important news to deliver. and it isn't good. times are tough and management has come to a decision. some workers will have their w

reserve feeds off the news that china got downgraded. the stoxx 600 trails u.s. equities by the most since 2003. an ugly quarter slams shut in europe. this is bloomberg "surveillance." i'm francine lacqua in london with tom keene in new york. consumer data is in line with expectations. this is important because we have seen mario draghi try to sell everything, and so far a lot of people are saying it hasn't walked. tom: and that inflation data is important, linking to central-bank action. that china story happening as we speak, across the terminal. it's extraordinary; this headline, risk to china, credit worthiness increasing. francine: yeah. eye one to keep an i on th the rating agencies. economists have been flagging concerns. let's get to the bloomberg first word news. vonnie: thanks. just breaking, trouble for south africa's embattled leader, jacob zuma. the nation's highest court says he violated the constitution by refusing to repay taxpayer money which he used upgrading his private home. his political party is investigating whether he breached ethics laws. the nuclear sec

the u.s. and china, some parts directed at the north korean leadership among the luxury goods banned aadequatic recreation vehicles like jet skis and snow mobiles. china is still strongly opposed to u.s. plans to deploy a high at tud missile system in-- altitude missile system. >> translation: we oppose that because such an action harms the strategic security interests of china and other countries of the region and goes against the goal of maintaining peace, security of the area. >> reporter: the provisions of this resolution go further than before, but will it p properly implemented and how will the north koreans react. in the past when they have been punished it has only provoked them to take further action >>> joining us on skype is robert kelly a professor of political science, a specialist on korean security and missile defense issues. this was a low-level response on the part of north korea. how come? >> i'm fairly surprised that the north koreans didn't do something more and i imagine something more is probably coming. my guess is why they pulled no punches was because china v

cushion that drop. touch her numbers were some of the lowest petro china numbers were some of the lowest. downstream that helps you, but how are these other companies weathering this collapse? >> like their peers, they are chopping costs. rishaad: jobs? >> not yet with the oil companies. the government says it does see cuts coming in: and steel. in coal and steel. petro china said they will offer earlier retirement and redeploy workers. put away thecally idea of firing workers. rishaad: what then is the general feeling and outlook for these companies? >> they get the sense that the worst is over. they see prices stabilizing and going up from here. $40o china sees prices at to $50 a barrel for the rest of the year, $80 a barrel by the in the decade. end of the decade. sentiment isre that the golden days are over. they are chopping costs and slimming down operations to live with $50 oil. , a look coming up later at the winners and losers from apple's encryption battle with the fbi. japan is aity says better bet than the united states. ♪ rishaad: you are back with "trending busines

really special. emily: what about china? this is a question that netflix is being asked all of the time. ♪ emily: there are more scripted tv shows than ever before. there are also more canceled tv shows than ever before. are we in a tv bubble? david: i don't really think so. a bubble implies that there will be a puncture and we will be down 25%. i definitely do not see that. it is possible to not succeed. microsoft, yahoo!, they went in and they went out. they decided after a certain amount of investment, it is not for us. there will be other people and there will be shows that fail. that said, it is robust. the demand is there and the desire is there. we are in expansion mode and i continue -- you know -- i don't feel like we have too much. if you ask a showtime subscriber, they would not say we have too much. they would say, give me another show. emily: is it scary that amazon can make a hit original show? david: anyone can make a show. whether it is a hit or not, we don't know until we know how to people are watching. emily: like "transparent." which, we do not know how many p

on a wednesday. i'm james tengan. thank you for joining "newsline". >>> delegates from across china have put up a rare show of resistance to plans to halt the economic slowdown. nearly 10% voted know to a budget plan at the national people's congress. ♪ president xi jinping and other leaders joined more than 2800 representatives in the great hall of the people to vote on nine measures. the delegates passed a budget which will raise the fiscal deficit to a record high of 3% gdp. but nearly 300 voted against it. observers say the results reflect a clash between those who want more stimulus and those concerned about the widened deficit. they adopted other measures with bigger majority. china lower its annual growth target to 6.5% for the next five years. it pledges to lift more than 50 million people out of poverty. premier li keqiang addressed concerns that china's economy is headed for a crash. >> translator: as long as china maintains its policy of reform and opening up, the economy will not experience a hard landing. >> li says the government will push ahead with reforms targetin

. china's largest bank has come to an -- as the traded deepens, we look at reforms. rousseff's power slips away good -- slips away. also coming up it is the auto industry's eggs recall ever. airbag -- industries airbag recall ever. -- the auto industry's biggest recall ever. ♪ pulse.e: welcome to the life from bloomberg's european headquarters. i'm francine lacqua. let's check on the markets, because that is where most of the stories. it is all about janet yellen's dovish tone yesterday. she is giving a nice little boost to emerging markets. theoost to london minors, biggest gainers, crude oil. the german retailer that has decided to split into two entities up 8.3%. let's get straight to the bloomberg first word news, nejra cehic. nejra: japan's industrial production has dropped the most since march 2011 earthquake. domesticill explosion production at toyota. slumped 6.2% after rising in january. economists surveyed had forecast a 5.9% drop. brazil is in battle -- brazil's embattled president has suffered a new blow. party held six ministries. she denies any wrongdoing and there is a cor

you remember the word? remind us donald. >> china, china, china, ♪ if you want to buy from china ♪ that is great, china, china, i have people that i know g in china, ♪ china, china, china, ♪ china, china, china ♪ china china ♪ china ♪ china ♪ china china. china china! ♪ kennedy: that is impressive, but i feel dirty and naughty and not so fresh every time i hear that. i don't know if you could say [ bleep ] like that on tv, sorry. that was rude. but brace yourself, not to be outdone, fill harmonica orchestra composed a entire sim-- symphony. kennedy: i know people love their pets, i have about 796 names for my bulldog puppy lemm i a lemmy. i understand pet love, this is my gift to you. marry thorn love her pet, his name is ram poe, h rambo. he wears little outfits, rides in the side car. he is polite with kids. he has his own bedroom, and mary treats him like a baby. because he is a 6-foot will gator thaalligator that loves a chin rub. she has a solution, she is putting him in the side car, how cute is that? she is going to have him certified as a therapy animal. y

to add further into negative, maybe negative half percent. watching players in china because we had comments coming through saying beijing has to do more to try to stabilize the housing market to cool down the major cities. seeing astronomical prices. these are the biggest drivers when it comes to the australian session. rishaad: thank you, heidi. donald trump big winner today. five more states. front runners projected to have both one three states so far. washington bureau manager is watching in new york will stop what is the latest? what have we learned? a very good night for the front runners. theary clinton is sweeping board so far with a couple still to be called. night trump having a big except for the state of ohio. that is a problem for him, john kasich is gaining popularity and could keep this going longer than trump would want it to. rishaad: where does this leave ted cruz? >> we have not talked about him at all which means it is a very bad night for him. some thought he might need trump in missouri, too close to call. trump will probably take it there. is 0-5 tonight. whe

. follow me on twitter @rishaadtv, include #trendingbusiness. china markets underway in half an hour. things looking good. more dovish than expected policy message, and that has set up the scenario for a positive session in asia. the only index trading to the downside is kiwi stocks, despite the better-than-expected data when it comes to fourth-quarter gdp. had 12land stocks have straight sessions of gains over the past couple of weeks, so some profit taking there. nikkei 225 rebounding strongly as the yen comes down a little bit. singapore just coming online, up by 1%. despite a mixed bag when it comes to those non-oil domestic exports. quarter on quarter, things looking not that great, but the number was a beat. moment, anat the extraordinary jobs number, 300 jobs added to australian employment when it comes to february. 5.8%, betterr at than expectations at 6%. upside, the decline in jobs in january revised down. we're seeing a very positive reaction in the aussie dollar. up 6/10 of 1% after bouncing 1.3% overnight. rishaad: were going to get back to what didn't happen. the fed sa

about to give you a good show. iron ore is up. china is in the news and helping us to kick things off today is jeffery gardner -- jeffrey garten. he has a new book. jeffrey, welcome. we have a lot to cover this morning, but first let's get to first would news with caroline hyde in london. caroline: u.s. vice president joe biden is vowing to "wipe out this evil that is islam a state." he was at united arab emirates, where he spoke to troops. he says the u.s. has carried out 1800 airstrikes against islamic state since october. angela merkel says she hoping for talks to be cut,. angela merkel and other european leaders are holding an emergency summit in brussels today. they want turkey to do more to stop migrants. nancy reagan is being remembered as the first lady who nurtured the political career of her husband, ronald reagan. she died yesterday. the couple met when they were both actors. illegalaigned against drug use and became a advocate of stem cell research. she died at 94. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world, i am

. ♪ rishaad: heading to sydney and singapore, a look at what were watching. china's political leaders make growth their top priority. the central bank chief says that levels are too high, corporate debt 160% of gdp. barack obama becomes the first u.s. president to visit a vana and 88 years. starwood hotels snaps of three properties there. shouldd says marriott improve its takeover bid. austria's prime minister clearing the way for an early election, warning the upper tradeof cracking down on unions, what he calls a handbrake on growth. do let us know what you think of our top stories. follow us @rishaadtv, include #trendingbusiness. china-hong kong markets underway in 30 minutes. singapore, taiwan, and malaysia started. here is david. david: some weakness coming through in the last 30 minutes or so. markets in the philippines and hong kong open up. seatght see more weakness in because a lot of these markets have enjoyed quite a run up into friday. the fifth week of gains, philippines entering bull market. taiwan and jakarta might follow suit. we've also gotten to a point where some of thes

sensitivity, all about china where in fact 50% of the phones were bought, 4-inch phones and they can see what the appetite is there. i think it's very good news. good for the company and may squeeze margins and something that people have fought against for a long time but i don't think they are caving in here and i think they are going to a marketplace that really they have to compete in even though for a long time they said they didn't. >> karen? >> well, i agree with what tim is saying. they can't see that business. they shouldn't and it sounds like they won't. i think that for -- for the -- for the diehards, this is -- i don't think they are going to feel the need to go from, you know, success or success plus or certainly not a plus to this. i think the 7 is still the story here, i think, so i don't -- i was sort of u.n. whelmed you with the whole presentation and i'm long, long the stock. >> karen makes the big point. this was never expected to be the event which will come in the fall. but for a stock hasn't done well for the past year do you hang on leading up to the fall event

falling right now. we are talking about china. we are talking about japan. there is also the sentiment because of retreating oil. overnight, the s&p 500 fell the most in six weeks. investors don't have much to be optimistic about. the fall has halted the longest winning streak in eight months. the hang seng index also down. 1.3n continues down percent. we are seeing a stronger yen hitting exporters. new zealand gaining .1% ahead of a decision tomorrow on the benchmark interest rate. they are expected to hold steady at two point 5%. the asx 200 gaining .3%. asian stocks are mostly rich led by -- mostly retreating, led by mining stocks. mining stocks in asia falling across the board after chinese exports fell the most since 2009. and of course, energy producers are also feeling the squeeze today as oil retreats for the second consecutive day. crude now at $36 a barrel. -- , rishaad: breaking news. donald trump has won the michigan primary, earning 40 delegates there. 50% of votes have been cast. with ted cruzins second. marco rubio follows on from that. ine bad news for marco r

numbers coming up in china. >> we have the official numbers we just talked about a few minutes ago. survey sponsored by thai shin. i think the markets actually moved up a little bit here. i think you are looking at to sing for kids in the market. the strengthening of the japanese yen. that is leading to risk aversion. that is really tapping these overall gains. you also have economist saying one thing and traders doing another, driving down 10 year. it is extremely mixed in the markets right now. think together for you. about a fifth up of 1%. irving else is on the way up. want to -- everything else is on the way up. i will get you gold prices in just a moment. seven out of the eight biggest in asia, i won't go through each one. as you can expect a big gold-mining. now closer to 12, in fact let me get you that update. 12.46. hit two or three weeks ago. that is the high so far for gold. i won't say there is a lot of fear in the markets right now but there is still money flowing into gold and etf. lots of bits and pieces today. we heard from china, of course. a lot moving parts of the moment

. >> china sees its fifth straight day of gains after china's top leaders have a blueprint in the face of slowing growth. >>> and edf's cfo walks out. shares sent sharply lower. >>> and a new life for old mutual? the uk rallies on reports that it is planning a multibillion pound breakup. >>> the drama. the drama, the drama. >> i know. >> thunderbolts behind us. >> i know. there's good reason, though. the bis, which we'll get to in a second, warning that potentially heading into further negative rate territory is not the best idea. here in europe we might be listening to what they're saying. that may be a reason why we're seeing a selling mode on european equity markets, we could also be repositioning ahead of the ecb on thursday. >> some thoughts that the relief rally went too far. now we're in overbought position. >> the bank for international settlements which is dubbed the essential bankers central bank, they are warning of a gathering storm for the global economy. so, what they're saying is that financial markets are losing faith in the "healing power of overburdened central banks.

pennsylvania, ohio, wisconsin, that manufacturing jobs lost to mexico, china, malaysia, would return in the form of other jobs, making new things, thanks to increased demand ever come true? and if the united states decided to turn away there that theory with how to do business with the rest of the world, could it work? the country is home to one of the largest markets of high income consumers in the world. could we make an iphone here? could we make a preus here? trump and trade. joining me for that conversation, scott at the kado institute, here be in washington, she helped trade policy for the clinton administration and was white house deputy chief of staff. and peter, from the university of maryland. how should we do the math, karen, as the campaign wears on? made, trade, with the argument what the united states should do moving forward, how should we understand the arrange wants that we have made? >> we're a major economy, a global economy, and the benefits outweigh the harm done to a cadre of workers. i think the real problem is, we haven't made the public policy choices that we need t

check for china. cutting the credit ratings to negative unstable. -- from stable. ♪ jonathan: i warm welcome to "bloomberg ." david: we're looking forward to the jobs. we're looking back on this extraordinary quarter. jonathan: what a quarter it has been. the janet yellen rally. let's give you an update on the markets. it is right across most of the indexes. in europe, we see the losses. 4/10 of 1%. up.taxes up -- the dax is outperforming european equities since 20,003. the euro dollar. the dollar index heading for its sincet quarterly drop 2011. yields on the u.s. 10 year at the 10 year. wti at 38.17. let's go to vonnie quinn. vonnie: in washington dc, the nuclear summit gets underway. terrorism and the islamic state will be on the agenda. president obama will discuss north korea's nuclear and missile tests with japan and south korea. considering whether to deploy a missile defense system in south korea. they will talk about north korea with the chinese leader. the president will bring up human rights and china's territorial claims in the south china sea. officials at the bristo