figure it out. >> >> it emerged as we got to know asia. and became clear what a statement that was in commercial mainstream entertainment. >> reporter: that moment, damian says, is helping bring the gender nonbinary conversation into a broughter context. >> a lot of us are meeting gender nonbienry people for the first time. >> reporter: behind the scenes, asia is equal parts serious and sweet. do you have a favorite part about it? >> i love that the desk was custom made for taylor and this office, which does feel very special. >> reporter: it does. that appeal is what show runners brian culpleman says helped asia win the role. >> it has been very male and very white male. though it's changing a little. somebody like taylor mason completely upsets that applecart. >> reporter: was taylor always written as a non-binary role? >> 100%. we wrote it before she auditioned for the part. >> it's like asking a magician how to do their tricks. >> one of the things that's gratifying about playing taylor is the feedback. young people saying i never thou

southeast asia is gaining —— belt-and-road initiative. because of the trade war, lots of companies are moving their manufacturing and supply of chain operations down to southeast asia. examples would be thailand, which has established itself as an automotive manufacturing hub, as well as vietnam, which has a growing textile and electronic manufacturing sector. investors are also cognisant of the slowdown in china and are looking at new investmentjurisdictions slowdown in china and are looking at new investment jurisdictions for driving their investment returns. in southeast asia, with its rising population and middle—class, represents huge growth opportunities for them. so anything related to the consumer or infrastructure or power are consumer or infrastructure or power a re key consumer or infrastructure or power are key investment destinations. let's now show you the markets before we go, because asian markets have opened higher. in fact, japan's nikkei upi have opened higher. in fact, japan's nikkei up i almost 1%, reversing the los

shery: plenty more to come on daybreak asia. we will be joined by the chairman of astrazeneca for an exclusive interview. the market open is next. this is bloomberg. ♪ is next. this is bloomberg. ♪ haidi: good morning. shery:idi stroud-watts in sydney. good evening from new york, i am shery on. sophie: and i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top story, u.k. lawmakers vote on brexit options, but failed to pass any of them. sterling falls and a brexit hardliner refuses to back theresa may. more evidence of a recovery in china. equities and small business are leading the pickup. shery: u.s.-china trade talks resume later in beijing. both sides they say they want to deal, but important obstacles must be resolved first. let's get to the market open in japan and south korea. how are we setting up? sophie: we are taking a look at tokyo. the nikkei 225 off i went percent. the topix seeing declines as we saw wednesday, more than half of cut -- more than half of companies on the benchmark. weakn

this is detail the union asia coming up on the program final campaign rallies kick off in thailand as a divided country heads to the ballot box but some claim the vote may be rigged plus. as japan is slammed for its transgender laws we speak to a tokyo based activist who's fighting to keep her marriage status. i'm melissa chan and welcome to news asia good to have you with us voters in thailand will head to the polls on sunday after five years of military rule a decade ago major street protests divided thailand on the one side where the yellow shirts backing the military and the monarchy on the other side the red shirts they backed the former prime minister who was overthrown in a coup after years of turmoil the army seized power in two thousand and fourteen and its leader is now running against a slate of old and new faces sunday's vote is being framed as a contest between democrats and dictators bastian hartig has been on the campaign trail. where. undertones wrong wrong wrong is something of a political rock star in thailand. a son of one of the country's richest families he set up

welcome to do business asia. good to have you with us thailand is heading to the polls this sunday after nearly five years of military rule the economy has recovered since the coup in twenty four team growing four point one percent last year and while the upcoming election means political uncertainty most international investors are optimistic including german car parts manufacturer g f. o. it's the moment michel vika turned his team have worked hard for over the past two years the grand opening of s g f first manufacturing plant in asia including the traditional bali who. is a global leader in the production of drive shaft couplings a medium sized company from the variable started thailand operations with sixteen employees its main customers are auto makers from china japan.

trajectory across south east asia. what my book suggests is that this story of the wider region focuses tightly on the fate of china. scholars suggest retreating from vietnam is the short lived american empire. it transformed into u.s. predominance into the region. this became an informal empire for america. strategic arc to circle china. that is why my book is titled the arc of containment. it reflects what u.s. officials had been intending. europehitect of nato in whatoutheast asia a connected japan to india. malaysia, thef singaporeof malaysia, , they believed the creation of malaysia would complete a wide anti-communist arc. the johnson administration called it a great arc of asian and pacific nations. nixon fantasized of a long belt of u.s. allies that stretched from japan to india. what is the base of this? what was the base of this empire of former dominoes? what was the connecting issue neocolonialism to mesh with anti-communist nationalism? in looking at the dominoes that surrounded china, i argue that the con

welcome to "daybreak asia." haidi: out of story this tuesday, theresa may loses control of brexit after conceding she did not have the votes for her unpopular bill. the commons will decide. investigate the investigators. president trump says some people behind the mueller inquiry will be "looked at." -- announcing a challenge to netflix. a credit card with goldman sachs. shery: let's get you started of howquick check markets closed on this first trading day of the week. ending almost close to where they started. we saw the s&p 500 being weighed down by financials. the focus was on the u.s. rates market. we saw the 10 year yield fall at one point. for the first time since december of 2017. investors betting that the fed will need to cut rates as we see mounting risks of recession coming. u.s. futures at the moment unchanged. let's see how we are setting up for the market open in asia. tohie: it could be a day take a breather after the worst session for asian stocks since december, which saw the nikkei 225 drop. i

now asia is strong too. asia, china will become bigger and bigger. there are billions of consumers there. david: let's talk about how you came to l'oreal. you grew up ion -- jean-paul: paris. david: did you say i want to run l'oreal one day? jean-paul: not really. when i was 15 years old, i was trying to understand what job i want to do. i had three ideas. one was to be a psychiatrist. how you say it? david: a psychiatrist? jean-paul: yes, or a movie director. david: ok. jean-paul: or business. i chose business. in my job every day, i do a little bit of the three. [laughter] jean-paul: marketing is understanding the desires and dreams and wishes of the people. it is a lot about movie direction too, because you create the images and everything. i was it able to put it all together. david: i think you took a finance class in school. the professor said you are good in marketing, not finance, right? jean-paul: yes, yes. i know you are a finance expert. i have to admit i am very bad and finance. i chose the finance major because it was trendy at the time.

you often hear that outside of asia. growth isonstrated, strong in many other parts of asia, philippines, indonesia, the asean bloc. that is one of the luxuries in asia, a lot of markets to choose from, good growth and good fundamentals in many of those markets. the current situation for us is ,hat china and north asia including taiwan, maybe korea, maybe hong kong, have been left behind in terms of valuation as people have sought refuge in other parts of asia, because they have been worried about a china slowdown, so that has created for us more valuation-driven opportunities in north asia and southeast asia , not to say they aren't good markets, but better opportunities at the moment. yvonne: we will leave it there. on the way, carlos ghosn may walk today after a court rebuffed calls to keep them in jail. we had to tokyo live next. this is bloomberg. ♪ loomberg. ♪ david: let's talk about carlos ghosn. he could walk out on bail later today. he has been behind bars for 100 days since being arrested on allegations of

jean-paul: i went to asia, started all the subsidiaries in asia, in china, korea. david: in china, people were using cosmetics and other beauty products, they've were just not using l'oreal? is that right? jean-paul: at that time, no. because we had no subsidiary, no team, no nothing. and by the way, it was a bit late, because we started everything in 1997, which was a bit late. many competitors was already there. so we started with a team of 10 people in an apartment. and i am very happy to say now that we are number one in china, and china is a major part of our growth and business. david: and then after china and asia, you came to the united states. you were put in charge of the united states? jean-paul: yes. david: and was your english perfect then as now? jean-paul: thank you for the perfect. [laughter] jean-paul: for example, psychiatrist is still difficult for me. [laughter] jean-paul: i have a few words that are still a bit difficult, but i am working on it. david: it is pretty good. how long did you live in new york? jean-paul: five years. in fact, i just

well just that that's a business asia here and thanks for keeping the company. country's economy grow harmony it's people violent when there are doers look at the bigger picture india a country that faces many challenges engines people are striving to create a sustainable future clever projects from europe and india. in thirty minutes on the w. . every journey begins with the first step and every language with the first word published in the. new coaches in germany to learn german why not play with him it's simple online on your mobile and free cell d w z learning course nikos free german made easy. and gemini live. at any time any place using names. you have at the back of the crowd. to sing along to you as it is to come from super. for. interactive exercises. everything is online via an interactive benjamin's a free fifty w. . what's the connection between bread. and the european news peano's guild motus b.w. correspondent and avid baker crop. turn. and next go about recipes for success and strategies that make a difference. baking bread. d.w. . this is news c

good morning, asia, hello, world. how are you today? glad you could join us for another exciting addition of asia business report. i'm rico hizon. we start off with brexit. at another night of high drama in west mr uk mps have rejected all eight proposed alternatives to trees may brexit deal ——in westminster. she said she would stand down if parliament backs a plan to leave the european union. let us look at the currency boards in mid—morning trade and how this is impacting the pound. ba rely and how this is impacting the pound. barely changing on that news. earlier, i spoke with peter maguire from xm .com and he told me why, despite all the political directions, the sterling has remained relatively stable. directions, the sterling has remained relatively stablelj directions, the sterling has remained relatively stable. i don't think there has been any definitive movie from government and in turn that hasn't been interpreted from the market. the market has kept the range bound activity, that 130 the market. the market has kept the

welcome to "bloomberg daybreak: asia." haidi: trade talks resume in beijing with big issues on both sides. the white house says there is no rush. talks could run on for weeks. ceo tim sloan steps down with immediate effect and continued criticism of the bank's corporate culture. a big day for japan, did on a planet factoring upward. we are live in tokyo. shery: let's turn to south korea. industrial production numbers coming in worse than expected. 2.7% afterr, falling barely growing .1% in the month of january. falling much more than expected. the expectation was to fall half a percent. it fell 2.7% year on year. 2.6%, which is much more than expected at .7% decline. it is also turning negative for the first time since december. we have seen lots of risk for the south korean economy, including demand for chips has been slowing down. we had a profit warning from samsung and the south korean economy being supported by fiscal stimulus at the moment. let's get started with a check on the u.s. market close. inrsday, we had more

now asia is becoming strong too. asia, china will become bigger and bigger. of course there are billions of consumers there. david: let's talk about how you came to l'orÉal. you grew up in -- jean-paul: paris. david: did you say i want to run l'orÉal one day? jean-paul: not really. when i was really young, 15 years old, i was trying to understand what job i want to do. and i had three ideas. one was to be a psychiatrist. psychiatrist how you say it? yeah . how you say it? david: a psychiatrist? jean-paul: yes, or a movie director. david: ok. jean-paul: for business. in the end i chose business. in my job every day, i do a little bit of the three. [laughter] jean-paul: because marketing is about understanding the desires and dreams and wishes of the people. it is a lot about movie direction too, because you create images and everything. so i am pretty happy i was it able to put it all together. david: when you went to school you took a finance class in school. the professor said you are good in marketing, not finance, is that right? jean-paul: yes, yes. i kn

and that's business asia here on the w. next stop is news so stay tuned meanwhile for me and the team here in berlin thanksgiving is going. to. the power of commerce in business they make a statement and entice funders. colors represent brands influence customers and sometimes cause controversy. they're quiet but powerful ambassadors who help companies stay in the black. come a matter on made in germany ninety minutes on t.w. . hundred small thieves in the night clubs. where i come from roggio remains an important town for new soft transmitting mules and conformist and when i was young my concert was in the drawer each minute conference the more throbbing of people most people would cause that i wanted roger deceivers. it was my goal to tour in one off the lot just roger say it's sold out to everyone in that town pool to listen to those updates being. met in costume from inception made known coffee at enjoyed not thrown malls on the lawn even if it's not like us i was it's wicked for me for. my choices discarded just becaus

well just that that's a business asia here on t w thanks for keeping us company. in the country's economy grow. people meant when there are two words to look at the bigger picture india a country that faces many challenges and those people are striving to create a sustainable future clever projects from europe and india close. to minutes on the d w. we make up oh but we watch as folks that under educated we are seven seven percent. want to shape the continent's future. to be part of enjoying african youngsters of testing share their stories their dreams and their challenges. of the seventy seven percent of. platforms africa charedi. here's what's coming up in the book so much movement to complete this thing. went to school the next. six months take a look at what all that means for the type of flux. if someone does live every weekend here on t.w. . the players. table. stakes petroleum claims in a poker game of poker kind of money the competition is fierce close most important natural resource. betting checking how long will they be able to play and who will win pl

sophie: welcome to "daybreak asia." >> wall street slides that to extend in asia. s&p 500 falling for a fourth straight day. investors further spooked by grim news out of europe. mario draghi cut forecasts and offered more stimulus. and tesla is one step closer to making model 3's in china. >> we have breaking news from .outh korea this is much narrower than from decemberous month of when it had come in at $4.8 billion. in the previous month of december, it came in at over $6 billion. of course, we have seen risks in the export market, also in investments. we have seen some slumps in the korean economy, declining overseas sales in china, not to mention weakness in shipments of semiconductors and oil products and the current account surplus coming in at 2.70 $7 billion, which is smaller than the previous month. the good trade surplus also at 5.60 one billion dollars. let's get a check of how markets closed in the u.s. we saw more downside pressure with the s&p 500 falling for the fourth consecutive session. the longest losing streak this year. also below that 200-da

and that's business asia here on the w. and next up is news so stay tuned meanwhile for me and the team here in berlin thanksgiving is going. to. because. the power of commerce in business to make a statement and entice spinors. commerce represent bring influence customers and sometimes cause controversy. they're quiet but powerful ambassadors who help companies stay in the fight. come out are disciplined made in germany thirty minutes upon. we speak different languages we fight for different things that's fine let me also make up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for mines. what's the connection between bread. ambiguity and. no guilt motus d.w. correspondent and avid baker crap. turn to scandal to go about recipes for success and strategies that make a difference. baking bread. d.w. . an african. company president of the enemy of the modern matriarch affronting qahtani of the rebel army and in the one nine hundred ninety four genocide doesn't wi

asia." haidi: how top stories. robert mueller finds no collusion, but doesn't clear the president of obstruction of justice. trump says it is a complete exoneration. president trump: there was no collusion with russia. there was no obstruction, none whatsoever. and it was a complete and total exoneration. haidi: elsewhere, theresa may meets top brexiteers as she tries to save her bill. no deal has been taken off the table, reports say. asian stocks are set to fall amid concerns that momentum is slowing in the global economy. haslinda: i'm live in bangkok with the first elections since 2014, but the outcome will not be known with both parties running neck and neck. i will have the details later in the show. kathleen: time to look at how the stock market closed on friday. we will start-- at the bottom. there was a hefty gaining futures about an hour ago. it has just about disappeared. i think you can see why. it looks like the pessimism after the u.s. yield curve inverted for the first time si

. ♪ jessica: "daybreak asia this is "daybreak asia." -- this is "daybreak asia." tosident trump continues sound optimistic about the trade talks. some u.s. officials are becoming concerned time is pushing back at american demands. we are told beijing shifted its position because after agreeing, they have not received assurances from the u.s. that export tariffs would be lifted. we are told china is trying to bring in wording to the agreement that complies with chinese laws. former vice president joe biden is said to have decided he is ready to enter the 2020 democratic race. if so, he is seen as being the instant front-runner, having led in early polls for some time now and because of his link to president obama. many donors have been holding off, awaiting his decision. google will get android phone users in europe a choice of browser and search apps. that is as it tries to close out almost a decade of e.u. antitrust investigations. it will change the way it displays ads for shopping searches to appease smaller rivals that blame google for phone web traffic. the c

see how we are shaping up in asia? sophie: regional central-bank decisions from the philippines, taiwan, indonesia and thailand this week. see aof that, we positive start to the week, asx 200 advancing after faltering on friday. technology among the leaders so far at the start of cash trade in sydney. 50 continuing to climb, at fresh all-time highs even as we see several economists from the new zealand institute of economic research lower their gdp growth prediction for 2019 for new zealand. we are seeing japanese stock futures gaining. they open in less than two hours, which comes after the boj kept things unchanged on friday. haidi: let's get you the first word news with ramy inocencio in new york. ramy: a new bloomberg survey expects the federal reserve to bring rate hikes to an end after one more increase in september, marking the peak of the cycle with the upper end of the target range at 2.75%. in december, the same survey expected two hikes this year with the cycle peaking at three point 25%. saudi arabia says o

this is d w news asia coming up on the program running out of beds the philippines is in the middle of a measles outbreak and children are dying plus. one country two systems that's what china promised hong kong but residents of the territory say beijing has not kept its word. i'm melissa chan great to have you with us nice little outbreak words public health officials and parents never want to hear but the highly infectious disease is on the rise around the world the latest figures from two thousand and seventeen show missiles killed one hundred thirty six thousand people globally as a significant spike in deaths compared to the year before the measles vaccination has saved over twenty million people since the start of the millennium making it one of the best buys in global public health but discredited claims linking vaccines to health problems have meant some parents are choosing not to vaccinate their children including in the philippines the country has seen one of the largest year on year increases in new infections on a santos sent this report from manila. tents have been erecte

to daybreak, asia. >> our top story, and low slow start for equities in asia. is cutting its forecast for europe and asia. president trump wants a swift trade deal with china to give the markets a boost and to drive his campaign for reelection. -- we will beo live this hour in vancouver. quick check of our markets close in u.s.. we saw the stoxx falling for the third consecutive session. the s&p headed for its worst week at this year. health care and energy stocks led the decline. reports that u.s. stockpiles ballooned up more than expected. we also have the nasdaq dropping 9/10 of a percent. on the statecerns of the global economy. we saw private companies here in the u.s. adding fewer jobs than expected. the u.s. trade deficit in 2018 that 10 yearo high. s&p futures are under pressure at the moment. let's see how we are shaping up for asian trading. at there seeing pressure start of cash trade in sydney. we have some mixed moves when it comes to the former so far in sydney. foot.oup is on the back keep in mind that the stock is trading ex dividend. we are see

jean-paul: i went to asia, started all the subsidiaries in asia, in china, korea. david: in china, people were using cosmetics and other beauty products, they've were just not using l'oreal? is that right? jean-paul: at that time, no. because we had no subsidiary, no team, no nothing. and by the way, it was a bit late, because we started everything in 1997, which was a bit late. many competitors was already there. so we started with a team of 10 people in an apartment. and i am very happy to say now that we are number one in china, and china is a major part of our growth and business. david: and then after china and asia, you came to the united states. you were put in charge of the united states? jean-paul: yes. david: and was your english perfect then as now? jean-paul: thank you for the perfect. [laughter] jean-paul: for example, psychiatrist is still difficult for me. [laughter] jean-paul: i have a few words that are still a bit difficult, but i am working on it. david: it is pretty good. how long did you live in new york? jean-paul: five years. in fact, i just

good morning asia, hello world, how are you out there? glad you could join us for another exciting addition of asia business report, and rico hizon. now let's start off with the us in the country's central bank has said it now does not expect to raise the cost of borrowing at all this year as the economy slows. the federal reserve has changed its outlook to predicted increases in december, it warned that growth of economic activity has slowed from solid rate in the fourth quarter of 2018. earlier, iasked solid rate in the fourth quarter of 2018. earlier, i asked an analyst whether this takes pressure off the central bank, which had been wearing and cautious of tightening monetary policy. for the asia-pacific, we're looking at central banks which have had to tighten monetary policy off the back of the fed's monetary policy last year. if we look at the philippine central bank, for example, we're looking at their inflation sitting at around 2.8% and thatis inflation sitting at around 2.8% and that is really creeping up to the upper range of

let's see how we are setting up for the session in asia. sophie: not seeing much positivity this morning. that we haved up from wall street. let's check in on how futures of setting up in asia because we could be looking at a mixed session for the region. this after asia's benchmark climbed the biggest since january. as we can see from wall street, it was a mixed session with what happened with the dow and s&p 500 adding one third of 1%. in japansee the rally with futures notching lower. futures also looking to a softer start as the rebound in korean stocks has pushed to the highest valuation in two years. it is not attractive given profit prospects. in australia, keep an eye on financials limit speculation that major banks are considering their operations. living the board to check in on the british pound which is holding losses after may's brexit plan met defeat in the house of commons. we can check on how sterling is faring in asian. we are seeing it holding on to the losses. it did drop as much as 1.1% going into the vote, the biggest d

welcome to "daybreak asia." paul: all caps or this tuesday, theresa may gets -- our top stories this tuesday, theresa may and brexit. opec plus agrees to stick with curbs. pressure at the bank of japan. sources close to the board say some members think 2% inflation is years away. shery: let's get you started with a quick check. gained a quarter percent despite the fact that boeing was hit by more news around the 737 max 8. we saw the s&p 500 gaining ground for a second consecutive session. energy stopped getting ground as wti pushed towards the four-month highs. we did see pressure on communications and military sectors. the nasdaq gained. the s&p futures really not doing much, but of course, investors have a lot on their minds right now. tons of central bank decisions coming up this week, including the fed, the doe, and -- boe, and south asian banks. sophie: it could be a tepid session in asia. added $2 trillion market cap this year's through for -- this year through friday. a mixed start. shares extending the

buying banks in southeast asia. they announced a deal to buy the asset management of the world bank of australia. is, the latest expansion aviation financing. a few years ago, 2016, they started an aviation financing business in the u.s. they said they want to be a leading player in this area. it is a key pillar of their business. haidi: does this mean we are seeing a greater output for cross-border deals in japan? russell: i think so. the momentum for cross-border acquisitions among japanese companies will continue. the macro drivers i just mentioned will not change. we have the shrinking population, slow economic growth. last year, $190 billion worth of overseas deals bu done by japanese companies. 2 billion. the acquisition of shire. this year, we see the $18 billion worth of deals. not the same pace as last year. we have many months to come. there could be big deals down the line, as well. ward, are finance editor in tokyo. let's get a preview of the market open in japan and south korea. sophie kamaruddin in hon

asia where the markets have underperformed. rallies in china, korea and japan. why the you think this is? why are the markets that should be outperforming not? jim: i think to a certain extent, they are neglected. if you look at a country like singapore, there are only nine stocks with a market capital over $10 billion. $10 billion is a threshold for a lot of u.s. managers. there was not enough liquidity. the big markets in north asia, you can get in and out of these markets quite fast. that is one of the reasons why they are doing better. rishaad: right, so you are not seeing that people are throwing money out of emerging markets. explain this chart. yvonne: it is basically showing the diversions. rishaad: essentially, they are sucking the money of what would have gone into -- it's going into china. fundamentally. jim: it is going into china, but be mindful that korea, despite the fact that results have been quite bad, very tech heavy. 20% of index. they have been disappointed in terms of index. china has been more than compen

i'm melissa chant welcome to get over news asia it's great to have you with us in just a few weeks the biggest exercise in democracy in the world will begin in india about nine hundred million indians are eligible to vote in elections that take place over several weeks now one of the top issues is the economy unemployment is up growth is slowing down today we speak to one man who knows the indian economy better than most professor rug. john from two thousand and thirteen to two thousand and sixteen he was governor of india central bank in his new book the third pillar how markets and the state leave the community behind rajon warns about the crisis of global inequality and the anger it is feeling let's hear the author explain. so the three pillars are really the pillars that hold up society one hand is the political pillar there is the konami. and then there is the society logical communities people democracy and together these pillars essentially me car society what it is. what happens when one or two pillars get overly strong is that it creates an imbalance and that imbalance has to

he says the bags transit through a number of other cities by darussalam and to bar before entering asia. shipments we're told end up in his home country of malaysia where they are then sold on to buyers around the world. of india. sirus a honda resort says she was once an unwilling participant in long criminal dealings a student from madagascar desperate for money she says she agreed to meet him at this hotel. back in twenty ten sara says she and another woman were taken to a room and offered four hundred dollars each to carry shipments for wong to malaysia the cases she says were packed without her involvement. subtlety tooley knew it was animals i didn't ask the details as to which kind of any laws were inside. while their first trip in two thousand and ten proved uneventful sarah says it was her second trip to malaysia a few weeks later that things went wrong. soon after. touching down customs officials singled her out. so soft and before we could take away the luggage it was picked by suspection and they saw it was not simple luggage but less full of enables. among the cash authorit

this is bloomberg. ♪ >> "daybreak asia this is "daybreak asia." this isso this is -- "daybreak asia." i am selina wang. the 59 to 41 vote was short of the 67 needed to override a veto. the president immediately took to twitter to say he looks forward to vetoing the resolution. yucaipa minister theresa may has primerare victory -- u.k. minister theresa may has won a rare victory. her deal remains in play. she is offering mp's a choice of backing her plan. brussels is open to a postponement, but the e.u. wants to know exactly what the prime minister things will change. opec is urging oil producers to cool production level. arecartel says supplies outstripping current demand growth and see is a risk of inventories becoming too high. the opec members and their allies will meet in azerbaijan to review the curves they have been implementing. india says it will continue to reformnt economic irrespective of what happens in the upcoming general election. the finance ministry says as the measures start to take effect, the growth rate will rise between 7.5 t

look at the sea of red in asia. broad-based losses. the msci asia pacific dropping 2%. joining us from our bloomberg partner in mumbai is near russia. let's kick it off with you. we have talked at other times about indian markets outperforming the rest of asia. india has not been able to escape the risk off today when it comes to equities. talk to us about the bond market. >> you nailed it.

>> there is a significant presence in asia. concernhere is some about global slowdown, what is happening to the curve, flattening, concerns about slowdown in china, but if one looks into greater detail there slowdown inme manufacturing areas, but we see continued expansion in services. the opportunity in japan for the major japanese investors, given the configuration of the curve in japan, is to expand their investments overseas to take it vantage of growth opportunities. this is an area we are well-positioned to be of assistance. kathleen: given you were in london are so many years and the concerns about a slowdown in europe have ratcheted up again -- you know about the german purchasing index getting weaker, europe,ond rally, is apart from brexit and the risk it poses, he is europe in trouble? -- is europe in trouble? we have had some concerns for some time as it relates to growth in europe but those concerns also offer opportunities. we think the retail sector is looking active from a distress goodective, presents a opportun

asia event. we wrapped up our conversation with an executive not too optimistic about the breakthrough in the u.s.-trade tensions -- u.s.-china trade tensions. fedhat we got out of the was something the doves would not even dream of. we have that dot plot moving. looking like we are not going to get interest rate hikes this year. even that has been discounted by some. where goodsituation news has been treated as bad news because of the economy is in that sort of state and it does not need any hiking, it could mark a fairly deep slowdown taking place, not discounting a ultimately recession -- ultimately a recession. where we dotuation have moves taking place right now. there we go. that is the picture for us. the shanghai composite up. china also moving to the upside. a quick word on the hang seng. seeing what is going on as far as that. this is moving to the upside by 0.1%. a quick look. just bringing up this chart from the bloomberg. it is showing us that of the past 50 years, no u.s. recession

lots more to come on daybreak: asia. this is bloomberg. ♪ this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. they agreed on an $806 million deal, extending the recent run of dealmaking's in the sector. they will acquire a 70% interest in the mine. in january the forecast 2019 production of up to 38,000 ounces of gold, 76 million pounds of copper. ramy: a merger of deutsche bank and commerzbank is a step closer as germany's largest listed lenders are running out of time to show they can grow as standalone companies. they are intensifying talks as their turnaround efforts sputter and the ceo is said to has ended his opposition to a deal. deutche's management board has approved it. theresa may faces another difficult week with another brexit vote and reports she has lost her cabinet. this is bloomberg. ♪ w?w?uhi?só'ñó kathleen: this is daybreak asia. china's credit growth slowed after a seasonal surge in january with the first two months showing signaling recovery. the pboc said finan

and some of the asia e.m.'s a lot who are facing starting with thailand this weekend geopolitical and domestic political uncertainties. where do you see opportunities when you look across that part of the world? >> yeah. i think in general, starting point is -- as mentioned before we like all forms of kind of higher quality credit. we're not really at this point post the rebound and what you see in economic data trying to take a significant amount of earnings risk in the credit market. but if you look at what you're seeing in the data, obviously in 2016, post the commodity cycle a significant amount of stimulus that came in from central banks and specifically the chinese central bank. and you have really seen a rebound of that sense. the data that you're seeing today is softening. there's a maturity of that, that cyclical nature of the rebound there. on top of the tightening that you saw from really the central banks early on last year that really had an impact on e.m.'s. so i think what you're seeing now, not

to daybreak, asia. >> our top story, and low slow start for equities in asia. is cutting its forecast for europe and asia. president trump wants a swift trade deal with china to give the markets a boost and t

david: later you were put in charge of asia. in asia,: i started china, korea. using othere were kinds of beauty products. they were just not using l'oreal. jean-paul: no. we had no team. it was a big plane. we stopped at everything and 97. we started with a team of 10 nowle in the apartment and we are number one in china. david: after the united states, you were put in charge of the united states? ? was your english as perfect as it is now jean-paul: thank you for that perfect. psychiatrist was difficult for me. there are a few words that are difficult but i am working on it. david: how long did you live in new york? >> five years. i arrived two days before september 11. came, we wife before i could go to new york, it is space, it is quiet, it is easy. the weekend before and the kids started the day before and september 11 happened tuesday. david: you later moved back to france and became the ceo in 2006. and since you have been the ceo the stock has dropped 200%. jean-paul: more. 400%. david: wow. that is pretty good. jean-paul: it is not finished. david: the