the rest of the hong kong citizens. the rest of the hong kong citizens. the rest of the hong kong citizens, in fact, would not agree with them. that is why the whole. .. you mentioned not agree with them. that is why the whole... you mentioned the umbrella movement, towards the end, they don't get the support of the hong kong citizens. carrie lam, the chief executive who you advise, has said hong kong, our home, is suffering from quite a lot of divisiveness. she said that at the time of her election, two years ago. even she accepts that there is this divided opinion in hong kong. you can't brush it under the carpet, you have to do something about it. well, we don't, but i have to remind you the majority of the hong kong people, they are much... we have better worries than hong kong independence. i keep repeating, that is a very small part of hong kong. the bigger pa rt small part of hong kong. the bigger part of hong kong, we worry about oui’ part of hong kong, we worry about our future. you know, part of hong kong, we worry about ourfuture. you know, a

beijing and hong kong as the mainland tuns up the pressure the sense of freedom and hong kong is gradually being eroded. there's more on our website w dot com for asia and you can check us out on facebook as well we'll leave you with pictures from south korea which is commemorating the one hundredth anniversary of its independence movement against japanese colonial rule we'll see you next time . to tell. hijacking the news. we're arguing from the news is being hijacked journalism it still has become the script is reality show it's not just good versus evil ghosts versus the wacky one. in countries like russia china churchy people or childhoods or something and if you're a journalist figure and you try to get beyond it you are facing scare tactics intimidation. and i wonder is that where we're headed newsworld. my responsibility as a journalist is to give beyond the smoke and mirrors it's not just the bell be clear balance were removed it's about being true. money was poured golf and i want you know. ten million u.s. dollars to insure money tarion eight forces where it is only a fraction of

kong this despite the fact that there's a hong kong ordinance that says it's illegal to discriminate against someone and basis of disability what recourse to domestic workers. have in hong kong what support does the philippines government for example provide to these domestic workers when faced with situations like these in terms of health care i couldn't share with you one example the philippine labor office in hong kong last november set up free medical check ups for its migrant workers this was in response to the over two hundred complaints of mostly health and medical illnesses that they had received now here actually i think this shows us that why the philippine government is law for its three more in deploying its migrant workers and also protecting them at their days destination countries now where we fall short is really in foreseeing redress mechanisms and making sure that the monitoring of of certain laws are in place so is it basically a case of just the implementation of that and if that is that is why these laws implemented. the philippine government says it you know as

beijing and hong kong as the mainland tuns up the pressure the sense of freedom in hong kong is gradually being eroded. there's more on our website w dot com for slash asia and you can check us out on facebook as well we'll leave you with pictures from south korea which is commemorating the one hundredth anniversary of its independence movement against japanese colonial rule will see you next time. if you ever have to cover up a murder the best way is to make an exit. raring to. read a book like this. list your streets. to the new hero max channel. good morning stuart. with exclusive. the must see concerning part. of. curious. do it yourself networkers. subscriber don't. trade war just to weigh in on factory activity in most all asia in china and japan manufacturing takes a hit amid slowing demand but analysts say there is a silver lining on the horizon. also on the show how to turn trash into a fruitful business opportunity to go to india where new waste management systems create jobs i'm clear the streets. alone welcome to d.w. business asia i want to get jones in berlin thanks for join

of hong kong joins us later on. trade chief.s. warns talks with china could fail. how the footwear business is preparing for that scenario. it is bloomberg. david: welcome back. let's have a look at the trade negotiations. robert lighthizer, the u.s. trade representative, says an agreement between the u.s. and china could be weeks away but there could be major issues that -- unresolved. he told the senate finance committee washington should keep the threat of terrorists open -- tariffs opened this -- to make sure aging lives up to a deal. lives up to a deal. >> we have to make sure we raise tariffs if there are violations and that is the core. if we do -- if we don't do that, none of it makes a difference. footwear,eople make they are not facing tariffs but our guest is concerned about the impact. joining me is the president and ceo of footwear distributors in the u.s. footwear isn't included but there have been investment plans and moves. people are concerned about what happens. what is the damage being done lack o

manufacturing hong kong's finance chief paul chan mopo recently said the slogan growth in hong kong is due to the ongoing trade disputes between the united states and china hong kong has struggled to keep up with the growth of the chinese city mostly due to their reliance on more traditional industry seventy percent of the hong kong economy relies on finance and real estate while seventy percent of the shenzhen economy is supported by manufacturing and technology you may not know about all of the tech giants that call shenzhen home but they are certainly starting to make an impact in the west should gen base while way is one of the largest mobile phone makers in the world the company has been in the news recently due to their c.f.o. main ones those arrests in canada in december at the request of the united states due to claims of threats to national security ten cent. one of the largest internet and technology companies in the world the media conglomerate owns we chat a messaging app similar to what's app and the social media site q-q. which boasts about a billion users ten cent als

you can send hong kong, people are practical. they don't get a lot of boats but put a smile on people's face. we see in areas like osaka as well, phone boots being repurposed, one with the fish tank, the other was put into a mini library, mini disco. those are fun, alternative ideas but for a high—density city like hong kong or new york, information panels with tourist information... is there a deadline for this makeover and if you are successful, how will you basically finance this makeover?” successful, how will you basically finance this makeover? i think the fan announcing is going to come from advertising and other opportunities on what the panel decides. — financing. we have a deadline, it's every day. these phone locations are being removed and we are working closely, giving pressure on the communications authority in hong kong and hong kong telecom, pcc w, which is the operator of these telephone boots. maybe a karaoke box. ican box. i can see you doing the karaoke thing and we need to export that right here to lond

best for hongs kong. yvonne: their concern is that this could create cartel are those concerns ballot? peter: it is an interesting question. the only way we can bring value back to hong kong is if we make deals that bring value back to hong kong. you don't use that by raising -- you don't do that by raising rates. you need to put incentives in place to bring global carriers back. the concern about raising rates is a natural question to ask. i'm sure the carriers have asked that. our customers now see that the only way we will bring them back is to offer them incentives to make itself attractive that they have to. rishaad: what happens with them? peter: they were not in the original ones -- original negotiations. as we implement the alliance, we will be talking to ports about what will they play and what when they want to play. they could end up inside the joint operation. rishaad: the regulator will want to know how much you will reduce prices by. correct? peter: that is correct. it is not about lowering

grew by seven point six percent rising by two point four two trillion hong kong dollars while hong kong has long been a free wheeling capitalistic society its northern neighbor has not just forty years ago the chinese city had a population of twenty thousand and offer little in the way of in this. or agriculture mostly due to beijing's concern that they would be influenced by the state of capitalism here in hong kong certain that they would be influenced by the state of capitalism here in hong kong today the city has a population of over twelve million people and is a center for technology and manufacturing pug's finance chief paul chan mopo recently said the slogan growth in hong kong is due to the ongoing trade disputes between the united states and china hong kong has struggled to keep up with the growth of the chinese city mostly due to their reliance on more traditional industry seventy percent of the hong kong economy relies on finance and real estate while seventy percent of the shenzhen economy is supported by manufacturing and technology you may not know about all of the tech g

beijing and hong kong as the mainland tuns up the pressure the sense of freedom and hong kong is gradually being eroded. there's more on our website t.w. dot com for slash asia and you can check us out on facebook as well we'll leave you with pictures from south korea which is commemorating the one hundredth anniversary of its independence movement against japanese colonial rule we'll see you next time . to speak. earth. home. is of species. worth significant. given those are big changes and most start with small steps and big blue moon two years tell stories of could induce people into innovative projects around the world. to use the country to use two minutes of submissions and resource to ensure. interactive content teaching the next generation doesn't want to talk to church. music channels available to inspire people to turn connection and more determined to build something human for the next generation. is the environment series of global three thousand on d w. trade war just to weigh in on factory activity in most of asia in china manufacturing takes a hit amid slowing the box but an

john burns from hong kong university -- professor from hong kong university. narrowly missing earnings estimates coming in at $350 million. looking for operations of china's biggest refine copper to be weekend. withare likely to invest sourcing raw materials. david: china's biggest listed property developer has raised almost one billion u.s. dollars in the shares seals. -- sales. they will use the proceeds to pay off overseas debt. it sold at 31 hong kong dollars apiece. earlier this week they reported net income. it rose 20% last year. jumping after they describe their fourth-quarter profit as a massive beat. there is concerns about if they are on the horizon. revenues are smaller than anticipated. weakened thans had been forecast. the valuation currently has a hold rating and a price target at $27.65. tradingight now we are 673.31 on dollar china. we will get you a market roundup, next. this is bloomberg. ♪ rishaad: chinese premier li keqiang is saying the global economy is being weighed down by sluggish trade at the time of rising uncertainty. david: let'

andasx 200 under pressure, we are seeing upside in hong kong, watching the hong kong dollar. hong kong facing the likelihood of rising borrowing costs after the central bank stepped in. we are watching a slew of other data coming out of china as well. this is the position at the nifty, down on the singapore has a stable rupee and the 10 year yields are pretty much unchanged. one i will be on the announcement of the election. that's the deal for the general election. let's get to a man who has been patient, the first word news with debra mao. >> fed chairman jay powell has repeated that interest rates can remain on hold as policymakers watch evolving economic conditions. he told cbs inflation is needed and the fomc thinks policy is at an appropriate place. he reiterated his patient mantra, saying the fed is looking at growth, job numbers, and inflation as it considers its next move. he also said he's watching china, europe, and brexit. >> patience means that we don't feel any hurry to change our interest rate policies. what has happened in the last 90 have seen is that we an i

reporting from a hong kong branch of war for boom bust. cad the drones he had the drones are cool is that and that's it for this time thank you for joining us we can catch boom bust on you tube dot com boom bust r.t. so long for now the next time. you know world of big partisan group a lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting for the middle for the truth the time is now for watching closely watching the hawks. my son doing drugs my nephew switzerland drugs my sister just with doing drugs it was like an epidemic of drug abuse america's public enemy number one in the united states is drug abuse we started going after the users in the prison population sewer we started treating sick people people who are addicted to these drugs like criminals while i was on the hill i increasingly became convinced that the war on drugs was a mistake there are countless numbers of people who are in prison fo

hong kong has joined in, saying it will ban all boeing max 737's in and out of hong kong. that is in three hours. you can see the bloomberg index of airlines lower today high .4%. .4%. i mentioned of the weak consumer data coming through, that is a reflection of what you are seeing in the property markets. it was the weakest read. the rupee is a little bit stronger against the dollar, up by .1%. indian inflation coming through yesterday evening. , such asan the r.b.i. adding to those calls that we could see another rate. nejra: thank you. that may recap some of the headlines we had with brexit. the u.k. is announcing a temporary brexit tariff regime. of course, we are looking at the worst case hard brexit scenario the u.k. temporary tariffs would apply for up to 12 months setting new checks on chemicals and endangered species and the tariffs would apply to turkey percent of good imported to the u.k.. tariffs onuld put some agricultural goods and would protect local industry and farmers in the case of a no deal. this is according to the government. this member is with me ou

i don't think hong kong loses out. hong kong will always be a means to access china. it has been and will continue to be. growth --e headcount growth we foresee will be as we build out new platforms in mainland china. it is difficult to put a number to it. thething about china and thing about a lot of other markets that are liberalizing and opening up is that the opportunity involves over a period of time. we need to be careful about how much we invest, at what point in time we invest. it has got to be clear over the next 12-18 months. in 18 months, we are going to have many more people than we have right now on the ground in china. yvonne: you mentioned about msci inclusion, in terms of the funds perspective, do you think this could actually detract from fund flows from other asian markets into china? polka to bring more funds into the region? gokul: i think at least initially, it is going to take from others to put into china.we get a fair amount of work on this flows of close to $11 billion or $12 billion. it is difficult to put an executive -- exact number on it.

just checking in on the markets, tokyo, hong kong, sydney. two and a half minutes of trading left in hong kong, .3% up. asx pretty much flat. nikkei struggling upward. we just got the open in india. six straight days of gains for the index. the sensex to the upside. this is bloomberg. ♪ you. all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >> this program is a paid presentation and is brought to you by dr. ho's circulation promoter. >> we are talking about circulation. if you suffer from pain in your neck, shoulders, or lower back, bad circulation in your legs, pain in your hips, knees, ankles, or feet, we are going to meet dr. michael ho, the inventor of the circulation promoter to relax muscles, improve circulation and relieve pain. let's welcome dr. ho.

hong kong region. entertainment, we can look at a couple of casino names. manus: very interesting names there. abouto me, we're talking the reward at the moment. the upside in stocks, upside in equity, etc., and the currency. at what gesture does the u.n. strength turn into -- yuan strength turn into a hindrance? i look at it as an intricate risk. tradeee, i think while negotiations are going on, i don't see the central bank intervening a lot with how the yuan is doing. just as president trump is not happy with the dollar appreciating, the chinese are not happy with the recent appreciation in the renminbi. but they wouldn't want that to be a talking point during the trade wars, and i'm pretty sure they are not going to let u.s. dictate their ethics policy going forward. as soon as there are talks about president trump seeing xi jinping at the end of march, once this is settled, i do see renminbi weakening afterwards and the chinese central bank potentially intervening what they've been accused of for m

for the first quarter, it is the mainland 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 thi

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 sor

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 the years on fixed asset investment spending so belong to the best is actually bodes quite well all right talking of investment in china obviously is still very interesting for foreign investors and many of them expect beijing to pass a bill that will protect foreign investment in china what more do we know about that. at this stage still very little it is a bit like the trade discussion and the market trading on the back of what happens in terms of the tariffs until we get confirmation is very much y

sophie in hong kong, let's get the first word news. theresa may is rolling the dice to drive her brexit deal through parliament, asking mps to approve a paired down proposal. it will contain only the withdrawal agreement, not the causes that cover trade and security relationships. speaker john bair cal has said they could not bring her vote back unless it had substantially changed. president trump has turned up the heat on immigration, accusing mexico and other countries are doing nothing to prevent people crossing into the u.s. illegally. his tweets, day after his administration signed an agreement with some of those countries aimed at reducing the number of migrants heading north. he wrote that mexico and others are all talk and no action. lift priced in shares of the top of an elevated range. -- liftedare offered the marketed range wednesday. the company will make its debut friday, trading under l the tickeryft. the listing is seen as a bellwether. tim sloan is stepping down with immediate effect amid mounting pressure over a string

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 ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remo

cathay pacific has 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 enteri

kong three days out basil hong kong is showing cutting edge exhibits from around the world including works from a new wave of chinese artists and to sarah clarke found out there's a growing asian market in both creating and buying art. it's a fish eye casing some of the best contemporary art in the world two hundred forty two galleries from thirty five countries under one roof as well as the blue chip galleries is a growing presence of artists from southeast asia in this year's line up at basel i think we do stand by i would say that we are the international pop up. when i say that i really feel that you know the asian galleries are presenting some very very strong means from our part of the organizers of the fish side of the global lot landscape is changing with chinese paintings a new favorite for investors is gen fun g. set a record for chinese contemporary art with his painting the last supper selling for twenty three million dollars in twenty thirteen this year he's painting the rooster is grabbing attention to lamb as an industry veteran in china she says a growing number of ch

the hong kong dollar, the aggregate balance. dollarough the hong kong has touched, local authorities have intervened to support the currency. is interventions so far, starting from last year, it has failed to push the dollar away. liquidity has remained flush. the question is how much more money do the local authorities have to spend to really push things up? >> how do you get to that? >> the blue bars are the balance. the aggregate balance stands at about $70 billion. it may have to drop to $50 billion, the red line. some saying it has to go all the way to zero for the short trades to end. intervention will continue, that is my point. it will not be over soon. >> i like that, actually. >> so many things going on in hong kong. i like that a lot. what i am going to show you, three amigos familiar to any equity trader. listed china u.s. etf's which we often watch in the morning to get a sense of things. here, the market capitalization of the a share etf's is surging. >> that is the white line. >> they are all market cap. different

haidi: sophie kamaruddin in hong kong. president trump and key republicans want an investigation into the roots of the mueller inquiry. they want to examine why the obama administration decided to investigate alleged russian interference in 2016. bloomberg's senior editor has the story. even before we have seen the full text of the mueller report, which the democrats have been calling for, we are now hearing reports that they want to investigate, or rather, president trump wants to investigate the investigators themselves. >> yes. who watches the watchmen, right? [laughter] case right now is showing us that republicans and democrats are quite frankly living in two different realities. democrats are sitting there outng that this is just across the bloomberg terminal, that democrats are requesting the entire mueller report be released no later than april 2. that is very quick, next week. ,nd in the meantime republicans, particularly lindsey graham, donald trump's closest ally in the chairman of committee,judiciary says he wa

billion hong kong dollars. at 29ill inflate shares hong kong dollars and 68 cents each. they will pay outstanding overseas debt financing and they will not be used for the development of residential properties. to raise 7.8vanke billion hong kong dollars. they just reported for your net income more than 1% below estimates as we continue to see uncertainties in china's home sale market. they are now raising 7.8 hong kong dollars in a placement of s,re than 263 million h share saying they will use proceeds to pay outstanding debt from overseas financing. you can go to our tv function to rewatch past interviews or watch us live. you can dive into any of the securities or bloomberg functions we talk about them become part of the conversation by sending us instant messages during our shows. this is bloomberg. ♪ ur shows. this is bloomberg. ♪ >> nissan set to adopt new governance rules that will abolish the structure that has been criticized for putting too much power into the hands of one. attack to the suggestion he had too much power when he was in charge. sophie,

in many chinese ports like here in hong kong fewer and fewer containers are being loaded the trade war between china and the us has not been good for business but the decline in container shipping appears to be a worldwide trend the industry is particularly vulnerable to economic slowdowns the iowa sells container through put index is considered a bellwether. in february it fell to its lowest level since june twenty eighth seen that's a slide of three point one percent from the previous month that's a sure sign of a weakening global economy given that ninety percent of all goods are transported via container ships. no wonder then that exporters are decidedly gloomy that's according to a survey of export focused businesses by germany's institute for economic research especially. product manufacturers have lamented the drop in contracts confidence among germany's exporters as fall into a six and a half year low. chinese gaming company beijing is being forced to sell the popular gay dating app grindr by u.s. authorities washington says chinese ownership of the platform constitutes a natio

city in melbourne here in hong kong singapore bali. where my forgetting sorry new york l.a. . that list today has burned to include miami as well where we told you to come to washington this is washington d.c. and. say sold in korea has been the new one my in find this so i'll try to do that as well and what do you expect the biggest challenge is going to be for this trip to hong kong for no for your whole trip. taxes. so i had to put up with my suitcase last night. yes attacks a tough. one so i think we talked maybe during groceries. when i now agree with people i consciously go to a restaurant that someone else lets or the boss someone else selects like i'm quite limited where i say right now they have the challenges that i say but i guess they'll tell me a lot that pop up along the way and you said you just came up with the are you just blog about this last week as you hadn't even thought about it you just said i think this is what it is sorry not i've heard of her when i was in london which was last month i spoke to a girl i'm met over there about it and we're like oh yeah

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

and we now continue our hong kong related coverage of beneath the lights of the gleaming skyline we showed you last time it's easy to forget those who help support the territory's economic engines for more we turn to our two americas branch abor who tells us a tale of how the promise of higher wages is impacting a particular group of migrant workers. here and since two thousand the bygger workers many from the philippines lined the streets for their one day off every six days a week they work up to sixteen hours a day in households throughout the city cooking cleaning taking care of children and doing whatever else may need to be done because i'm told by we quote we were taking care of other children which we saw some other of them is a hope or also we're taking the old older that's the real thing of our lives here in hong kong and we really think that the mistake of president never gave one baby so much me sunday i sat like that sundays in the bay for they spread this time on the street relaxing playing games and having fun and catching up with friends so yeah because on the day off we ge

sophie kamaruddin in hong kong. before we headed over to "bloomberg markets: asia," let's look at how markets are trading this monday this morning -- faring this morning. we see the jobs report, the worst week the u.s. equities all year. not exactly a strong tone for the asia open. the nikkei 225 giving back earlier gains, up by 0.4%. -- .04%. we see downside here in australia. ramy: that is it from "daybreak: asia." markets coverage continues as we look ahead to the start of trade in hong kong. this is bloomberg. ♪ you. all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >> it is not :00 a.m. in beijing. a.m. in beijing, i am tom mackenzie. yvonne: i am yvonne man. equities across the region are drifting after the worst stock in three months. >> china says ne

hong kong is almost upon us. this is bloomberg. ♪ ♪ welcome to "bloomberg markets: china open." >> we are counting down to the open of trade. asait and see moments markets look to the fed. there are concerns the u.s. and china are far apart on trade. >> trump optimistic am a but some say beijing is pushing back. shrugs off fears of a slowdown with earnings that beat estimates. we will run through the numbers. ♪

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, trafficjams are part of everyday life. now lawmakers are trying to ease congestion in the big apple. but it is not without controversy. traffic in the big apple. new yorkers have been battling gridlock by decades. it is definitely not new but without a doubt it is getting worse. navigating new york is becoming an barrabool. o

. >> 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

the hong kong economic training office annual gala attended by a lot of businesses from hong kong and businesses here to do business in hong kong as well and the new visitors center in chinatown is a collaboration and the mayor and all the elected officials were there as well. the asian pacific heritage foundation lunar new year party was here in city hall a few weeks ago. i attended the world premier of the people's mayor. a documentary about mayor lee. it was all sold out. also the coalition of the asian american government employee luncheon that was well attended also sold out as well. and this evening the mayor will be at the lunar new year celebration will be here at 5:30 in city hall. you're all welcome to attend. >> commissioner: commissioner dwight. >> i attend the monthly stdma meeting as i do in representation of the dog patch association and i was at the awards and they honored joe boss a very active advocate in our community in the dog patch. he passed last year. it was a nice commemoration of his efforts and his contribution to our community and his wife continues those e

hong kong pretty much flat. is currently the position with regard to what is going on as we wait some news which may come on trade. we are waiting to get the balls out as well. -- get the bulls out as well. >> let's meet tuan huynh, deutsche bank management cio and head of discretionary emerging markets. also is mark cranfield. you talk about e.m., but risk depends on the economy. we are back to this slower growth story. tuan: i wouldn't consider it all-in. we have been positive for e.m. going into the year. i have to admit we were positive on e.m. last year, which wasn't the right calls. we were still sticking to it because we saw the right momentum coming up and trade friction on u.s. and china. ,e were still positive on e.m. but lately we have advised clients to book profits for weeks ago, on e.m. as well. mark?slinda: mark: it has been a good quarter. i don't think too many people would be disappointed. i think they would be pretty happy with the way the first quarter turned out. that is another incentive fo

jodi schneider in hong kong. on the ground in hong kong. up next, the driving appetite for kuwaiti stocks. what is it? we will take a look at our market movers in the middle east. i leave you with risk this thursday morning. the dollar has nipped into the green. doves, the fed out of the -- out-dove the doves. day five of the longest winning streak since the 31st of january. the yuan hit a nine-month high. continued dollar weakness globally. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving simple. easy. awesome. stay connected with the best wifi experience and two-hour appointment windows. click, call or visit a store today. debra: you are watching bloomberg. i am debra mao. the fed says interest rates could be on hold for "sometime" as raising glo

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 fut

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 the natio

this is a we have with the hong kong and china markets. seng, withn the hang more pronounced falls currently. this is bloomberg. ♪ ♪ >> it is almost 10:30 a.m. in bangkok. we are in the middle of the trading day. we are awaiting the preliminary numbers from yesterday's elections. that will happen at about 2:00 p.m. local time. there are only two possibilities when it comes to this coalition, of pro-democracy or pro-monarchy coalition. let's get the first word headlines with rosalind chin in hong kong. governor says there is plenty of room to open the financial markets to the rest of the world. foreign financial service firms should be treated the same in domestic companies. he also told the chinese development forum that the pboc will focus on providing more this year to help investors manage. minister has held talks of leading conservative eurosceptics as she fights to save her brexit deal. she met boris johnson and david to see if there's an agreement that has already been defeated twice in parliament. the meeting came amid reports t

and thirty five nations are displaying their paintings as an art fair and hong kong but it's one country in particular that's really sculpting the art scene. we've got something of a law in the weather across the middle east at the moment so we have got some dry weather coming into iran but if it is iran of course but on friday there was showers a long spells of rain in the forecast exhibit a cloud over towards pakistan towards afghanistan this next day every cloud just store around at least the side of iraq then another weather system which will make its way into that eastern side of the med pushing across the levant as we go through friday snow with all the flank of that so-called says he still see some wintry weather is a clear weather there for much of around toronto sixteen celsius we go on into saturday the cloud will increase temperatures to pick up a tarantula eighteen celsius he says that it is generally dry but to the west of that we've got more heavy rain possibility of some localized flooding pushing into parts of lebanon easing across into syria that will gradually make its

nejra: yvonne man in hong kong, thank you. let's recap some of the headlines from the top of the hour. deutsche bank pointing out somewhat weaker market conditions. it says it's working toward its return on tangible equity targets. it sees 2019 revenue slightly higher compared to 2018. it does also see 2019 litigation costs significantly up. andees 2019 civ corporate investment banking revenue slightly higher. it sees 2019 sales and trading revenue rising. these are lines coming through on this annual report that's hitting the tape. deutsche bank suggesting a dividend. let's get to our top story. eu leaders agreed to give theresa may two weeks to work out brexit. they told the prime minister if lawmakers don't endorse her deal, she will have until april 12 to decide whether to leave with no deal or request a much longer extension. >> the cliff edge date will be delayed. the u.k. government will still have a choice of a deal, no orl, a long extension, revoking article 50. >> i hope we can all agree we are now at the moment of d