. stay with bbc world news. now on bbc news, zeinab badawi is in hong kong with hardtalk. welcome to hardtalk, with me, zeinab badawi. there are complaints by pro—democracy activists here that beijing is increasing its control of the territory and eroding its freedoms, in contravention of an agreement in 1997 between britain and china. my my guest is bernard chan. how much autonomy does hong kong really enjoy, and what does the situation here tell us about the direction that china as a whole is moving? bernard chan, in hong kong, welcome to hardtalk. thank you. you got back recently from baiting where you were a delegate at the national people's congress. how does the leadership in beijing view hong kong? well, obviously hong kong plays a very important role for china, especially during these whole trade war tensions. now, hong kong is a special administrative region, so we are china and yet we have a special status. we have different trade agreements with the rest of the world, so i think we play a very special purpose for them. and you have met president xi jinping multiple times

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 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 chilled 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 erected to deal with the overflow inside the sickly in wait worried parents watching on the philippines has been gripped by a measles outb

also have a role to play. welcome . it's good to have you with us we begin today in hong kong a city of skyscrapers sky high property prices and increasingly a city of foreign domestic workers more than three hundred seventy thousand of them that's roughly five percent of the population and many of them are women many of them who come from the philippines women like thirty eight year old baby. the single mother of five has stage three and she's been fired from her job because of it that's right. after she was diagnosed with stage three cervical cancer since. february. has been focused on getting her job back why because in hong kong as a foreign worker you stop receiving free medical care from the government after being sacked from your job. moved to hong kong. and a job in the back. fighting for her life. i want. i don't want. i think. she was fired for being diagnosed with cervical cancer and let's a states that's left are devastated and without access to health care i cannot play. like. this i don't need the money. only my employers ok. but here's. a new one. because i think i mea

we begin today in hong kong a city of skyscrapers sky high property prices and increasingly a city of foreign domestic workers more than three hundred seventy thousand of them that's roughly five percent of the population and many of them are women many of them who come from the philippines women like thirty year old baby jane the single mother of five has stage three and she's been fired from her job because of it that's right our employer fired office she was diagnosed with stage three cervical cancer since the time the nation in february made. i os has been focused on getting her job back why because in hong kong as a foreign worker you stop receiving free medical care from the government asked of being sacked from your job. baby jane alice moved to hong kong with our health and tucked and a job in the bag a year on she's fighting for her life and her livelihood i want to make both i don't want. i have children. i am going to monitor. this laptop and that there are many here. i fear that. she was fired for being diagnosed with cervical cancer nation letter states which left her dev

stephen all join us to discuss and later i told you about that twenty nine thousand hong kong block change conference i did make the trip but boom bust is on the scene friendship for reports on a number thirteen chinese economy that will surprise most of you plus i'm told i'm told he has a drone i love drone stories all that directly ahead but first let's hit the headlines let's go. and international legal shootout over the future of the internet leads our global report today as chinese tech firms walk away as i mentioned and the chinese state prepared to push back on united states and canada in court this time leading the sudden legal pile up while way is reportedly planning to file suit against united states over a ban on use of weiwei technology by the federal government according to report in the new york times u.s. officials and acted the policy over stated concerns about the security of wall way components and the company's ties to the chinese government but while way says that policy amounts to a so-called bill of attainder effectively depriving the company of rights without

. yvonne: and hong kong beginning its crown as the top container. this is bloomberg. ♪ ♪ may is winninga some support for her deal, just as lawmakers begin to design a rival plan. a staunch critic has shifted position, saying while you doesn't like the deal, it is better than not leaving the e.u. at all. parliament will vote later today after taking control of the process. mp's will propose different models and the chosen ones will be put to a vote using paper ballots. yvonne: underpricing the credit contraction from brexit. let's return with this central-bank cio. the development overnight, even brexit hardliners seem to be on her side when it comes to this deal. when it comes to her resigning, do you think others will actually follow? >> in terms of resigning? yvonne: in terms of backing her deal. >> i doubt it. even if she [indiscernible] overall you have a country split down the middle. even if she gets a vote on her are only negotiations starting. we are talking about a delay of six or 12 months. in that cycle britain continues to be closed for business. the ability to have

— hours after a rocket hits a home in tel aviv. and ringing the changes. hong kong's quest to repurpose the public phone box. we'll look at the best suggestions. it's 8am in singapore and midnight here in london, —— 6am in singapore. where members of the british parliament have voted to try to take control of the process by which britain leaves the european union. in the space of one hour the prime minister lost two key votes and three government ministers. it all means that mps will now get the chance to vote on wednesday on a number of alternative brexit plans. here's the speakerjohn bercow reading out the result. the ayes to the right, 329. the noes to the left, 302. so the ayes have it, the ayes have it. unlock! so what happens now and what is the timetable? our political correspondent nick eardley can guide us through the indicative votes process. this means the mps have wrestled some of the control. what happens next away from ministers? they will bea next away from ministers? they will be a bunch of boats on wednesday looking at alternative plans to the one the prim

the stability .f our policies hong kong and taiwan investors companies are important participants and beneficiaries of reform and opening up. we will continue to support these companies. regulations of the investment law, there will provisionsd specific regarding investors from these regions. the policies that are in place will not change. on top of that, we will ensure that the local rising interest of the investors will be effectively protected, and they will enjoy more developing opportunities. after all, we are all fellow chinese. mean we will not treat foreign companies differently. as i said, companies of different ownerships, and companies from different origins will all be treated as equals. i hope our fellow chinese will enjoy greater developing opportunities. that would require their own hard work. we really hope that we can seize the opportunities to develop their business. access toden market finance professional services and high-end manufacturing for investors from hong kong, macau, and taiwan. the measures will be adopted to facilitate the exchanges and production betwe

is in hong kong to attend his youngest daughter's wedding last friday. a guest at the event was thai princess ubolratana, whose nomination to run as a candidate for prime minister in the election was vetoed by her brother, the king. thaksin shinawatra denied to the bbc that he was involved in this highly controversial move. translation: i don't know how it started. i have been friends with princess ubolratana for over 30—years, ever since she was married to peterjensen. she had treated me as a friend. it was a kind of friendship. i know her character. she is diligent, willing to work hard for the country, and so she volunteered for the leadership role. tha ksin shinawatra has been living in exile since fleeing corruption charges in 2008. he told the bbc that he would not be returning to the country to face justice but said that he was willing to talk to those in power. translation: before i prove my innocence, shouldn't the justice system be tested? was it fair enough? the whole process wasn't fair. i am just an ordinary human being, don't be afraid of me. come and speak with me di

chinese benchmarks put hong kong in the dust a bit. bad,kong not doing that either. we have rebounded a little, but taking a look at shenzhen. time, wed for some have seen the hang seng cheaper than the shanghai composite. we will see if that is a valuation kind of play but for now, hong kong put in the dust a little. rishaad: keeping a close eye on boeing. stephen engle is here with a look at what we will discuss later this hour. we will dig into aviation regulators around the world grounding the 737 max series. rishaad: with one notable exception. faa.en: the there seems to be mounting opposition to their assessment that the data doesn't link the accidents we have seen. we will dig deeper in this hour. 3 -- david: stephen engle will be back. we will discuss boeing and other topics with our guest, fred, ceo of airport authority joining us. stay tuned. rishaad: first word news headlines with ramy inocencio. ramy: the u.s.'s top trade negotiations as the u.s. must keep the option of tariffs on china to make sure beijing sticks to trade agreements. robert lighthizer said the u.s. must hav

look at mainland bets with global equities. bloombergve from invest asia in hong kong. this is bloomberg. ♪ yvonne: we are live at the bloomberg invest asia event in hong kong, which brings together big business and lentil institutions. joining us next is gokul laroia, morgan stanley cohead of global equities and co-ceo of asia-pacific. thank you for joining us. we are all talking about the fed you turn. powellen we thought jay could not turn more dovish, he has delivered. markets seem confused. have we priced in patients already? gokul: a lot of patience was priced in. what he did was a surprise to the upside. not a lot of people thought they were going to. the dot plot was a manifestation of that. i think concern is what this means for growth. growth forded 2.1% next year. that to me feels a little bit like a goldilocks environment. you have reasonable growth. it is not low, it is not a hot economy, but it is nowhere near a recession. increases, balance sheet normalization. that in many ways is a pretty ideal outcome for the whole range of asset classes. emerging markets in

. forasn't all been rosy every asian asset class. the hong kong dollar has been feeling this pain. >> when you think hong kong and , you sometimes bundled them together, but a-shares and local money flowing into their and long yuan trades mean it is taking money away from hong kong , hong kong exchanges, and the hong kong dollar in particular. the hong kong dollar has been pegged to the u.s. dollar\ . it has remained in a range since 2005, but given how appealing it is to change hong kong dollars, long yuan, then by a hyphen shares, hong kong dollar has been pressured. caroline: we thank you. fourth-quarter numbers for the uk's figaro cpi out tomorrow. joe: i will be looking at micron reported second-quarter earnings. romaine: don't miss our special coverage of wednesday's fed decision at 2:00 p.m. eastern caroline: that is all for "what'd you miss?" joe: have a great evening. this is bloomberg. ♪ want more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just a

back when it was only japan and australia. hong kong opened up and has listed some of these markets. asking if thee rally was showing signs of fatigue. it seems like we have a mixed picture to start our monday morning. last week was a pretty torrid one. worst week when it came to global equities since december. it was the china story that made it worse with the csi 300 drop of 4%. we have recovered, but slightly by a half of 1% for your large-cap this morning. we did see a turnaround as dave mentioned. hong kong is also up a fourth of 1%. dollar is stronger. that is one thing to keep in mind. we are seeing more resilient in some of these. they are pretty strong related trade currencies like the south orean won anti-bot -- and thai baht. there seems to be pushing back here, including on any kind of currency claws into any kind of trade agreement. let's see what we are seeing in terms of the equity rally. our mliv team question has been, how much longer can traders really ignore the data that we have seen? whether it is out of the u.s., china as well. we had those south korean exports

markets, hong kong that rank high. shenzhen is the outperform or, the lastto 30% in three months. two.00 is number new zealand stocks up 12% and the hang seng index up about 11%. hong kong, being outshone by china is the case given this but still doing quite well for the hang seng today. also, the hong kong monetary authority had to defend the dollar pay for the first in a weeks time. to wrap things up when it comes to stocks and bonds globally, we have seen a bit of green. the best performance we have seen in the last nine years or so, since 2010, which seems counterintuitive. cap can we see global bonds and global stocks rally at the same time? which one will given? -- give in? moment, we are hearing this could last longer now that we do see these global growth worries shaking up the bond market but with the dovish turn from the fed, equities have a window for upside. let's get to the first word news with su keenan. su: boeing is being sued on behalf of a passenger killed in the ethiopian airline disaster earlier this month. the playmaker is under increasing pressure after two fatal

evening from new york. i'm sophie kamaruddin kamaruddin in hong kong. 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

much crew, markets covered. let's get your first word news in hong kong. will vote's lawmakers today on whether to leave the european union without a deal in place and that is after theresa may's brexit plans were heavily defeated. with which on the irish backstop failing to win over lawmakers. if the house of commons rules out a no deal brexit, lawmakers will both tomorrow on whether to eu that you -- to ask the for more time. . let me be clear, voting without a deal and no extension does not solve the problem we face. know why wewant to have an extension, and this house will have to answer the question. >> india has become the latest nation to ban boeing 747 jet from their airspace. the global standoff over the airworthiness of the model is intensified as investigators try to understand why an ethiopian airlines plane crashed on sunday. the european union, new zealand, and uae join the list of territories excluding the plane. meanwhile, u.s. regulators reiterated their support, sandy 737 shows no systemic reform. parents, university coaches, and the columns of missions counselor ar

coming through in hong kong and china, a little bit of yen weakness with treasuries steady, all lies on the fed this week as they meet, although no change is expected. we will be closely watching to hear what the fed will say. there's also a focus on the yams with a number of central banks in the asia-pacific also meeting this week. blackrock seeing emerging stocks almost recouping last year's lost. speaking of emerging markets, let's have a look at china. the rally is continuing, essentially going from pariah to prince of the markets, and of bullish pattern has formed in the shanghai comp, suggesting the rally could continue. we will be asking our guests from socgen whether he thinks there's further upside coming through in these chinese market. >> we are seeing golden crosses on some of those industries. ago, indianutes stock markets got going. futures showing that drift upwards, likely to continue. the rupee has a bit of strength, the dollar down .3%. we will be going to mumbai and a short while to get a sense of what the action is looking like. let's quickly see what else is happ

underway where the government unveiled huge tax cuts amid slowing grows hong kong the stocks headed into the break tuesday barely moved as investors held their breath for a breakthrough in the china u.s. trade talks that the focus of the opening session was china's stuttering economy beijing cut to growth forecast to six point six percent and twenty nine t. in a three decades and it announced tax cuts with several hundred billion dollars. told delegates the country faced a quote tough struggle. for more let's cross over to hong kong where catherine young from fidelity invest joins us on skype kathleen what is the beijing rather well low growth projection tell us about the state of the economy there. in terms of the lower growth forecasts g.d.p. wise yes it is lower that we've seen over the past decade but it away the positive that we've taken out of this is that it means the economy is less likely to be driven so the cycle itself will become longer being supported or underpinned by structure grow so this focus on consumption and services that versus just the focus that we've seen over th

announced its buying low—cost carrier hong kong express for $628 million. cathay has been looking to increase its presence in asia's budget travel market, which is currently dominated by low—cost chinese airlines. joining us now from singapore is rico hizon. this is quite a booming area, isn't it? the budget airline business on your part of the world? and this acquisition, sally, by cathay pacific is a crucial piece of business that is missing from its operations and this will also give them additional lending spots in hong kong, which is home to asia's busiest international airport. this will also provide cathy with a new revenue source as the region's emerging economies allow more people to fly. —— cathay pacific. the hong kong carrier had a very challenging 2018 after posting its first loss in march of last year. low—cost carriers have been eating into cathay pacific's market share as leg expand with long haul flights and bypassing the need to change in hong kong. cathay pacific is said to be more than a decade behind singapore airlines in entering the business and meeting

outlining earlier why you may be prefer hong kong over china, because of the volatility in asia, particularly with regard to policy changes. if you are looking at hong kong equities, would you be thinking of broad-based buying or selecting's it -- specific names but waiting for a bit of the dip before taking this opportunity? ali: i would go with what you just said, waiting for it did and being very careful -- dip and being very careful because the market has gone too high. in the arena, i do mention some of the hong kong names do offer compelling reasons. gba, thele, the greater bay area initiative, connecting two regions, hong kong and macau, with one dong, those are two names that can be put in perspective. economy. trillion to have a blueprint for 2022 and 2035, what they want to see the region leading the aspect of it. i think some of the names there could be good and it's going to excite the hong kong financials to get access to all of this. some of the names that come to mind are aia, bank of china, hong kong, of course the hang seng exchange, with all of these bonds, nor

chinese artists pushing the boundaries of cutting edge exhibition in hong kong that story and then of course as well that. despite this off the track. business updates brought to you by qatar where we're going places together. business updates brought to you by qatar where we're going places together. scientists in geneva to discuss a global ban on so-called killer robots the kill independently without direct human control then don't know when to exist yet but that potential has been a debate about military technology and the ethics of wolf at technology. has mall. all we have here is our primary test facility although it's driving around twenty four hours a day seven days a week robots road here being tested to deliver discover to do what they're programmed to do. but what you want to find here is a so-called kill of robot a fully autonomous weapon designed to hunt and kill without a human involved as far as we know they don't exist yet but canadian company clear path insists killer robots have no place on the battlefield we feel that there is a a line which is being crossed with

-- >> he has over 35 years. he joins us in hong kong. thank you for joining us. i want to talk about where iron ore prices are going. i want to see how you see the market. >> it looks to me as if the world is suffering again from a slowdown. interest rates. helping all commodities. is critically important for a trade point of view. it will probably work out all right. demand will remain as what it is. there is a good, solid base for oil prices. it makes life difficult for a producer. even that is softening a little bit. you produce high-quality iron or. it commands a high price. are you seeing any slippage in demand as a result of perhaps the slowdown in china? rules chinese ecological make it more important for people to buy the high-grade. that is better for the environment. there is a good demand for that. it has weakened a little bit. $11 from i think a high of 28. >> are you profitable at that price? >> definitely. we will be more profitable once this lovely bridge -- >> that is one to talk about. in light of the disaster, are you seeing opportunities to sort of fill the shortfa

that? volumes falling. we are not seeing that momentum in the hong kong market. china outshining the hang seng. let's look at the board and show you some of the movers. property stocks. we are talking about the data that came out of china. mostly in line with what economists were expecting. honing in on the property side of the investment. 11.6 percent increase. that brings us back to levels in 2014. that should help the real estate sector. north of 2.5 percent. close to 4%. bit ofalso having a luck. china airlines flying. u-turn to ground the boeing max. uncertainty perhaps lifted. the big question is duration. affect really going to airlines with heavy exposure? dropping the most this year. woes could, saying hurt long-term growth. we have an interview coming up. this is bloomberg. . this is bloomberg. >> it is 10:29 a.m. in hong kong. yourramy inocencio with first word news. if there is a standout, it is a rise in property investment. which could give the sector a boost. numbers came below expectations amid a general slowdown. retail numbers are in line with numbers -- defense off

americans just can't buy no phone for you and later we pick back up on hong kong coverage from the two thousand and nineteen watching conference with artist brant or who talks with a person who is living only upon critical currencies all that ahead but so much more ahead we first get to some straight headlines let's go. to a stimulating policy reversal at the european central bank or global report today as the e.c.b. put a hold on interest rates and plans for low cost loans to european banks remarkably the resort to stimulatory monetary measures comes less than three months after the e.c.b. ended the year is long policy of so-called quantitative easing or q.e. the e.c.b. action comes as the bank forecast half a percent less growth for the eurozone from one point seven to one point one percent this year and a press conference e.c.b. marial draw give the president their lowered confidence produced by the trade discussions as one major factor in the move the euro fell point four percent against the dollar on the news. and staying in europe the european union apparently as a band in a

headquarters in new york. sophie: i'm sophie kamaruddin in hong kong. we are counting down asia's major markets open. ♪ here are the top stories. brexit blues. theresa may's revised deal is rejected again. the comments will now vote on deal or no deal. sterling heads for the eighth decline in nine sessions as may's plan collapses. now mentioning a second referendum. boeing sees its worst two-day decline in a decade as the eu joins other regulators in grounding the 737 max. shery: that get you a quick check of the markets close in the u.s.. we had a few headlines dominate investor sentiment. brexit, the u.k. parliament rejecting the revised deal, but at the same time, boeing also falling on repercussions from the eu d.o.b. airlines crash we saw over the weekend. more regulators, including the eu safety regulator coming out grounding the 737 max jetliners. with boeing falling, with the biggest two-day losses since 2009, the dow fell 2/10 of 1%. boeing makes up 11% of the price weighted index. the s&p 500 climbed. technology shares continue to rally. the nasdaq up for tenths of 1% as we

cranfield in hong kong. joining us is a portfolio manager at tribeca investment partners. good to see you this morning. i was using -- the line i was using is the fed are doves. would you agree with that? it was certainly, certainly very dovish compared to the market expectations. i would kind of agree with that, but look, the dovish tone was not a surprise given what the rest of the other central banks had been saying over the last month or so. and the global data has been totty weak over the past 12 18 months. we are expecting the dovish tone, but that was a downgrade of the dot plot towards more dovish than the market expected. that is why we are seeing a negative response to the downgrade. r thethe lower fed rate o study fed rate, it does support as a prices. think about what has outperformed in the last five years. the valuation will be supported. on that front, it is probably good news for the equity market once they get over that downgrade. you -- embue ad little bit of value. i'm looking at the dollar. is this the final deathblow to the dollar? i am so tired about talking abou

has been coming down and not only has a hong kong come up to be equal but also paris has had a high increase in its cost of living. singapore has come down a little bit because of the weaker singapore dollar. also with the introduction of competition in the utilities market, things like electricity are trending downwards. in hong kong the prices for cars, fuel, eck at and cigarettes have gone up by more than in singapore. when a look at this survey, it looks like currency plays a big role, in places like japan, australia and others. cities in australia and new zealand have gotten cheaper because of the currency. it does not affect the price of internationally traded goods because that even the hour. in china or malaysia, where the currency has gone down, the cost of living is not necessarily follow. a trend was emerging cities in south east asia, outside singapore, where kuala lumpur raised ten places despite the weakening of its currency. anyone living in a big city knows how bad congestion can get. from mumbai to new york city, traffic jams are get. from mumbai to new york city, t

cryptocurrency mining chips as pulled its blockbuster i.p.o. in hong kong it originally filed the initial public offering half a year ago hoping to raise three billion dollars but then came the big crash of a proper county it's like a sense since its peak in twenty seventeen that's what many people out of business mining operations on profitable. chinese manufacturers posted there was a slump and profits since the late twentieth seventy. first three months of the year slowing demand both at home and abroad has taken a toll on businesses amid the u.s. china trade dispute with no end insights the chinese government is trying to do with it to ease the strain on industry ageing is coming value added tax raising infrastructure spending and lowering direct government into behaving in business. the world trade continues to wane and index shows the number of container ships cruising the oceans is down by over three percent it's why they regarded as a bellwether for the health of the global economy. in many chinese ports like here in hong kong fewer and fewer containers are being loaded th

: good evening from new york. i'm shery ahn. sophie: i'm sophie kamaruddin in hong kong. welcome to "bloomberg daybreak: asia." ♪ haidi: top stories this thursday. patients and a long-haul peer the fair -- fed chairman says to stay on hold for some time as he watches. the global situation play out. . theresa may requests a brexit delay. the eu says it is up to her to drive the deal through parliament. and the business of baseball. tokyo welcomes at the start of the new season and we speak to the moneyball agent, billy dane. shery: let's get you started with the quick check of the markets close in the u.s. stocks had quite a rise today. they reversed earlier losses after the fomc dovish stance, but then turned negative to end in the red. we saw president trump saying that tariffs on china would route -- remain until china complies with a trade deal. industrial took a hit and the dow fell. financials also took the s&p 500 lower. the 10 year yield fell to the lowest level in more than a year after that more than expected dovish turn from the fed. we are also seeing s&p futures unchan

later we continue with our hong kong coverage this week we take you from the list skyline of congo and cities yesterday to the streets to hear from the people that helped drive the area's economic engine all that in our sights but first we have right to the headlines let's go. changes to the terms of trade between india turkey in the united states leader goldberg report today as the u.s. rescinds a key designation for the two countries the office of the u.s. trade representative or u.s.t.r. has said it intends to quote terminate india and turkey's designations as beneficiary developing countries under the generalized system of preferences that g.s. p. the u.s. t.r. statement says turkey is to develop to qualify for relevant g s p benefits in the case of india u.s.t.r. alleges that india has failed to ensure equitable and responsible market access to u.s. exports as required under the g.s.t. preference system india reportedly exports more than five billion dollars of goods to the u.s. duty free under g s p but an indian government source perhaps keeping an eye on the male elections we'v

. shery: i am shery ahn. sophie: i am sophie kamaruddin in hong kong. 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. in sydn

"bloomberg markets: asia." i am in hong kong looking at the latest business flash headlines. itser narrowly missed earnings estimates that $350 billion. analysts expected operations of what is the copper producer to be weekend that were sold last year. they have become more self-sufficient in sourcing raw materials to improve operational efficiency. fourth quarter core profit is a massive -- despite concerns about issues on the horizon. revenues coming from a smaller form than anticipated in government and corporate carriers. jeffries is reviewing its outlook and valuation. target of $27.65. hong kong's traditional brick-and-mortar banks faces a big challenge. a new breed of companies that some see snaring up to 30% of its revenue. they have three vertro licenses, and is in the process of five more. one partner with standard china, bank of china -- and bank of china. haslinda: sentiment amongst the client is improving as global markets down stag from last year's slump. we spoke with the ceo in an exclusive interview. >> what i see is that there is atually more client activity the e

visit a store today. hong kong. time: 29 in new york. i am su keenan. su: we start with china who is linking to cases with canadians detained over the huawei drama in canada. kovrig covert -- violated chinese law. the report said that an entrepreneur named michael was his primary contact. is canadian prime minister following the case closely. >> we will ensure that that law is fully respected. we will go through the process is in a proper and rigorous way. it is unfortunate that china continues to move forward on these are mature detentions -- arbitrary detentions. we will continue to stand up for these canadians. will invokemnuchin special accounting measures until june to help pay government bills without reaching the debt ceiling. he came back after being suspended by congress. the treasury department does have authority to override that to prevent a default on payments. steve mnuchin has appealed to congress to increase the debt limit as soon as possible. justin trudeau has lost another cabinet minister over an influence controversy. that has denied the image of the upcoming e

of both their names. they ran a family restaurant in hong kong for a number of years. when they immigrated to san francisco they brought the family recipes with them and in there are four draft resolutions for consideration by the small business commission. one for each of the legacy business registry applicants. note that a motion and support of the businesses should be a motion in favor of the resolutions. in the resolutions please pay close attention to the fiscal features that define the business. once approved by the sbc the businesses must maintain their physical features or tradition to stay on the registry. for armstrong linoleum company flooring and coverings and for world market it's eastern european goods and for yuet lee restaurant it features restaurant fare. i'm happy to answer questions. there's business representatives in attendance who would like to speak on behalf of the applications. >> thank you, richard. do you guys want to go right into public comment? okay. we'll open this up for public comment. let's hear from some of the business owners. >> the clerk: wo

. >> i am sophie kamaruddin in hong kong. welcome to "daybreak asia." haidi: our top story this thursday, u.k. lawmakers vote on brexit options. sterling falls as a government supporter refuses to back theresa may. bayer loses another trial against roundup causing cancer. they are under pressure to settle other cases. insists he hasn always had the board's approval. i am tom mackenzie. we are live in high nan -- for him whereboao li keqiang is expected to address the crowd. and therlos gutierrez chairman of astrazeneca. shery: let's get a check of markets. u.s. stocks, equities and treasury yields, risk obsession throughout. we saw the dow fall 0.1%. almost every sector on the s&p 500 was in the red. led lower by health care. nasdaq down 0.6%. data over u.s. housing markets are retail sales, it is about the economic outlook and fears of recession growing around the world. u.s. futures down 0.2%. let's look at how we are shaping up in asia. a tepidcould be seeing session. aussie shares little changed. 0.2%,e kiwi stocks up heading for a 10th record high set for the month of march. futures

from hong kong. reaction to get your on what jay powell just said in that 60 minutes interview. quote, we think the u.s. outlook is a positive one. on top of that last week he said the labor market looks as favorable as it has in many decades. do you agree with him? mike: sure. labor market looks great. a lot of people are fixated on the 2000 -- 20,000 number. big deal. unemployment is sub 4%. hourly earnings up 3.4%. sounds pretty good to us. i agree with chairman powell. ramy: i see you are thinking there could be one hike in the second half of 2019. an earlier guest had a bias towards a rate cut in the third quarter. help me square the circle. mike: you have to focus on what the fed considers neutral. on the fed's perspective is as neutral funds is to 75. today fed funds is to 40. inflations picking up -- if you believe the phillips curve is not dead, the hourly earnings is good. fed seems poised to have inflation rising. one side of the mandate is looking really good and that should mean at least neutral policy which implies one more hike. haidi: are we at that inflection point wh

evening in new york. i'm ramy inocencio. i'm sophie kamaruddin in hong kong. welcome to "daybreak: asia." haidi: our top stories is monday, talking trade. sources in washington say the u.s. and china are in the final stages of a trade deal that will the tariffs lifted. president trump lashing out saying the dollar is too strong and the fed chief is someone who likes raising rates. seeking stability. china's big policy we kicks off with a promise of prosperity but always with a big picture in mind. ramy: let's do a quick reminder of how u.s. stocks ended the session on friday. this is where we stood. the s&p 500 up by 7/10 of 1%. it across the proverbial psychological 2800 mark. this was the first time it did that since november. its highest jump into weeks. the nasdaq, the highest jump in a week up a tenths of 1%. half of the most recent headlines we have been talking about in terms of a possible breakthrough in the u.s.-china trade deal. s&p futures getting a bump, up by .25%. not only that, we have that to look forward to, we have a busy week in terms of what is happening with t

headquarters. i am shery ahn. >> i am sophie kamaruddin in hong kong. welcome to daybreak: asia. ♪ >> our top stories, caution seems to be the word as markets head to the open. u.s. markets trading above 110. apple facing a partial iphone against qualcomm, but escapes punishment in a separate case. defending global links. president trump says cc an acellent view -- says he sees next: view. more hintsmay give about plans to open up the economy. we will be joined by big yes say, including andrew forrest, and about 40 minutes. stay with us. >> let's get a quick check of the market close in the u.s. u.s. stocks and treasury yields gaining after two sessions of losses. every sector of the s&p 500 was in the green. oil surged after hinting toward continuing output cuts. we saw the dow and nasdaq gaining ground. we have every sector in the green. lots of positive energy. risk on sentiment after goldman we could see stocks doing well despite a flat yield curve. not to panic, advising against panicking over that in version of the yield curve. s&p futures under pressure. let's see how w

all by itself but now you have singapore hong kong and paris they are now all tied for first place on this on this very unique very important list you also have number four geneva. all copenhagen and new york they're tied for seventh tel aviv in los angeles check in tied at number ten interesting late new york was thirteen last year l.a. was fourteen so they're back in the top ten but five years ago bart they were tied for thirty ninth place which i couldn't believe but that's that that's what they were five just five years ago so and it's interesting european cities have high household costs asian cities believe it or not have very high grocery costs and in the u.s. it's domestic help in utilities that drive the costs up to to make it hard to live in these cities i was surprised because you know they terribly talked about london real estate being so high a few years ago and i just spoke with somebody you know we did a lot of work in hong kong recently and a thousand square foot place was running for twenty five thousand dollars a month in central hong kong crazy sorts of numbers. let

also rans and how fast they are running and later from a hong kong visit artie's branch of bora set down with the bully is good enough about innovative blocking use cases to use cases rather all that directly ahead but first we have some headlines let's go. a strategic shift in europe stance toward china leads our global report today as the european union designates the rising power as a strategic rival that term and the label economic competitor were applied to china in a paper released yesterday which will be voted on by the e.u. member states in a summit meeting on march twenty first after a meeting between e.u. foreign ministers and chinese counterparts scheduled for that week that meeting may turn out to be more interesting than most the paper intitled e.u. china a true teaching outlook cites familiar concerns over the future of five g. internet cyber security and transparency in chinese investment in arguing for the geo political adjustment reaction to the paper among e.u. member states was mixed with german officials welcoming the findings but others reportedly are more tenta