actually came out a particularly awkward time of course for the fox partner renault that was happening as they were unveiling their nuclear their new super their new maybe super car that was supposed to be a pivotal moment for them here at the car show now neither nissan nor renault wanted to comment on this news about carlos going but particularly renault has been pretty consistent in saying that this is an alliance that they want to keep that they've been working hard on restoring trust of this partnership especially nissan's trust and this partnership that most analysts i and most analysts i've talked to are pretty much in agreement that they need this alliance that it doesn't help any of the three car makers to become smaller at a time when the challenges for the auto industry are getting bigger. now. at the show for us thank you. and now to some of the other stories making news around the world britain's central bank is warning that europe's financial system is facing risks to stability after a no deal brags that the bank of england extended its weekly lending facilities to include e

the relationship between nissan and renault. the renault-nissan relationship was falling after the arrest, and having him tell his version, knowing that the renault side has not exonerated him. they did a corporate governor search of his pay. they have been more on the side lawn and the nissan side has been more aggressive and push the narrative of wrongdoing and financial impropriety. this could raise new questions to an already tenuous situation. vonnie: the defense is also saying that the justice system in japan would be seen as a country risk, and depending on how this trial plays out, it may be a deterrent to other companies from either investing in japan or getting into japan is mr. ghosn is convicted. 99% of the cases are convictions. >> it is true that one of the big arguments from the defense is that this will not shine a good light on the japanese system. this is one of the business world's biggest icons, he did not have access to legal counsel , he could not make phone calls. he is under more restrictions now that he is out, but he is on a tight leash. ishink one of the

nissan, for the partnership with mitsubishi and renault how is that all working out in the meantime >> that is basically in total chaos. i mean, if you talk to people who are interested in the rights of shareholders, they're very upset. this is the worst possible situation for shareholders of course, the largest shareholder in nissan is renault, and there have been reports that part of the motivation perhaps for the nissan management to have moved against mr. ghosn or to have disclosed some of the bad corporate governance practices on his part are because of talk of a merger rather than just having renault own a large stake in nissan. it sounded like mr. ghosn may have been cooperating with renault to try to develop a merger two between the two, which the japanese side did not want there's a huge question about what's going to happen he still technically remains on the board of all three of the companies, but he has been stripped of the chairmanship of all three companies. nissan itself has to have an annual -- a special shareholders meeting to vote mr. ghosn off the board. there wa

renault nissan mitsubishi car alliance and was indeed indicted in japan over allegedly falsifying financial reports and breach of trust he denies the charges. well monica jones from b.w. business is tracking this story for us monica so this was this is a big break for carlos ghosn he's been wanting to get his bail request accepted for four months now and was ready what is changing what is at least what he's trying to destroy there several times what has changed i think the biggest change is that he has a new lawyer who is probably for some reason nicknamed the acquittal so obviously there is some truth to that and of course there were two previous bail requests both were rejected because the court then said that there was the risk that goan could flee the country or tampa with evidence well obviously for some reason they found a way to work around it the conditions of the current bail are no oversee travels surveillance cameras at home and there are other measures to prevent evidence off tampering with evidence but there is one change now the prosecution has appealed the bail deci

and passing on personal losses to nissan since his arrest his last top positions at nissan and renault and mitsubishi the auto executive has insisted on his innocence. tally and have begun applying for new welfare subsidies aimed at lifting up to five million people out of poverty the citizens incomes name is a key reform for italy's populist government which wants to bolster the flagging economy critics however call it a budget gloating political giveaway. and saying in italy it's commonly said that all roads lead to rome and it appears that china's one belt one road is no exception italy is negotiating to join the ambitious infrastructure plan which aims to boost chinese trade it would be the largest economy to do so the move has already been rebuffed by the us in the e.u. who view the project as a geo political power move by beijing. malaysia's this year's showcase country at the i.t.v. tirzah unfair and bring. len it's become a controversial choice the country made headlines recently for what critics say amounts to n.t. semitism and homophobia in january the government said it woul

system and rattled with french carmaker renault. he has been in custody at a detention centre since november 19 and the bail has been set at just since november 19 and the bail has been set atjust under $9 million. there are reports he could be released as early as tuesday. we will bring you more as soon as we have more information. the storms arrived with little warning, carving a wide band of destruction. officials have confirmed 23 people are dead but many are still missing after a series of tornadoes hit the south—eastern states of alabama and georgia. winds topped 160 miles—an—hour and eyewitnesses describe something like a warzone, left behind. the bbc‘s chris buckler and his team were given access to see the damage for themselves. in this corner of alabama, the landscape is scarred by debris for as far as the eye can see. the tornadoes that struck here cut through homes and communities, leaving paths of destruction that are miles long and up to half a mile wide. it looks almost as if someone took a giant knife and just scraped the ground. there are slabs where homes f

. renault, nissan, and mitsubishi are teaming up to form a new governing board. this comes in the wake of carlos ghosn's departure from the auto alliance leaders from the three automakers announcing that decision in a news conference in japan overnight. shares of all three automakers are in the green today you can see their nissan, renault, mitsubishi, all of them doing well in their respective trading fronts >>> in washington news house speaker nancy pelosi is throwing cold water on the idea of impeaching president trump nbc's tracie potts is live in washington d.c. where more on that story tracie >> hey, good morning, everyone she's speaking out with some democrats sitting ready to impeach the president. now nancy pelosi says they need to slow down she's not quite ready to go there yet. >> i'm not for impeachment house speaker nancy pelosi tells the washington post. it divides the country, and he is just not worth it, she says of president trump >> our day to day work is not about him. it's about the american people >> white house pokes person sarah hucka bee sanders says we're not t

house now over to rob renault's who's at the border and he said drove to tell us what people there think of president trump's national emergency. well. you'll find many people who work with migrants rights groups or advocates legal assistance and so forth saying that there is no true emergency here in the southern california right by the border but the emergency is over there on the mexican side that's where thousands of migrants are waiting and because of the trump administration's policy of going very slowly in processing their asylum applications they are waiting long periods of time in shelters some in tents and want to it's a very dangerous city it's become recently a city with one of the highest homicide rates in the world so. the consensus among the migrant assistance community is that unless the trump policies change and more migrants are allowed to come in as is their right to claim asylum in the united states and receive assistance from the u.s. government there will be further humanitarian problems ok rob thank you. still ahead on al-jazeera warnings of more death and de

well as we talk about nissan and renault, what that means for nissanrysler, how gets its house in order to move on from the carlos ghosn scandal. lisa: also talking about boeing and the faa trying to restore faith in the 737 max 8 area regulators head to the hill today. we will talk to an investor who says to aggressively buy boeing. this is bloomberg. ♪ aircraft many factual or that they will probably have up and running in the next three years. how much is this a precursor to what is to come for boeing? guest: the duopoly i think will remain very much intact. airbus is not swimming in capacity, and the chinese competitive offering is still quite a ways away from being able to even remotely satisfy any sort of demand, so i think the duopoly between boeing and airbus will remain very much intact. i do think the 737 max, what , once this max solution is done, will probably be the safest aircraft in the sky. i think this fix will get done, and then it is a matter of what is the financial impact here, and is this priced in, and we believe that is the case. think?ay, what do you >> i just

ample auto news as renault miss u.b.c. n.d.s. on all have new board and former chairman carlos gomez is out lauren fix the car coach will be with us with that story and more including trouble as fuck all that directly ahead but first let's get some headlines let's go to. a second landslide defeat for theresa may is brecht's a plan lead to a global report today is the house of commons again votes three ninety one to two forty two to reject ms may's plan throwing the process into greater uncertainty the bright british prime minister travelled to straw's for a guest today to seek flexibility on the so-called backstop from the irish border from the european commission president sean claude juncker has made got some relief from mr juncker ahead of the vote only for the british attorney general geoffrey cox to find in writing that mr junkers to.

market opens tore trading >> renault aiming to restart merger talks the financial times reports after that deal the automaker could set its sights on a bid for fee yacht chrysler none of the three companies are commenting the move would signal a return to the sought by former nissan chief carlos ghosn nissan down a bit. >> i know those just for people at home. people playing at home you know, a lot of people don't have the closed captioning on. i do now on most -- >> on closing bell >> well, on closing bell closed caption, closing bell >> renault, i think i'm confident i'm right on >> we do an emphasis >> nissan, i'm not sure. >> we americanize everything same thing with, like, adidas. >> i have awant dahhed where i can. amazon, i say. adidas, we had the ceo on to clarify i got it right, and, yeah, i will still get i got -- i got in big trouble the last time i said adidas. people made fun of me because i said it that way for a while >> how do i say this thing where you know you say it the way i say it >> no, because then it's almost more like it just reflects even worse on me. why is

the stock of the two companies he ran -- nissan and renault. that's when he first got arrested. renault has bounced back. nissan has really trailed off. alix: even nissan is off the lows of the session. them inis leaves general -- we take for granted rule of law here in the u.s. lawyer -- aine a ceo being held without a lawyer? , the fort pitt capital group senior portfolio manager will be joining us. retail is up next. this is bloomberg. ♪ alix: china must prepare for a tough struggle. a warning from china's premier after the country announced a range for growth this year between 6% and 6.5%. target and kohl's deliver. the retailers raise their guidance for 2019. --will speak to the former ceo. takeover -- newmont offers an olive branch. we will speak to gary goldberg. david: welcome to "bloomberg daybreak." we still have some headlines from mr. rosengren. he is sort of tented had. -- tentative. the clear reading on the risks -- he says patience is appropriate. the markets are still pricing in elevated risks. marks he'sder what looking at for that. i wonder if the foregone c

with renault. in order to do that, they felt like sidelining gohn would somehow help the. that attractive there has a lot of story behind it, but at the same time, that may be very hard to prove in court. this case could go another way which would be the gohn seems to focus much more narrowly on wereer the transactions illegal or legal in this and how those transactions were recorded and carried out and whether that was a violation of law or not. francine: thank you so much. coming up next, tom keene joins me out of new york. we will be talking to the rbs chairman. ♪ drop.ne: the $100 billion data is expected to show the u.s. trade deficit rising by 20%. progress. sterling sinks after a report that brexit talks in brussels ended without a deal. billionaire at 21. kylie jenner becomes the youngest self-made person to reach the milestone. this is "bloomberg surveillance." tom and francine from london and new york. we are also getting breaking news out of the otb cutting their global forecast for 2019 globally.to 3.3% this is important as we look at monetary policy. tom: the ext

was economy minister. he built up a stake in renault and now they have 15% of the company. this upset the japanese government because it meant the french had more of a strong hand when it came to the nissan -renault partnership. they have an 11% stake in airbus and a 14% stake in air france. the dutch have about a 13% stake. show you what happened to the share prices when we learned about the dutch building their stake. of can see the share price air france dropping 12%, just on wednesday before some perspective. look across the msci airlines index for europe. air france is still outperforming. what you may not know is when you look at all of these companies the french government holds, the holdings index in white, it is underperforming the cac. this is something to keep in mind as we see state capitalism make a comeback in europe. we are seeing talks of it in the u k and germany, so this is more of a broader picture of what this could mean across markets. nejra: absolutely. there was a story on the bloomberg talking about how more broadly, france's heavy corporate hand has fore

nissan and renault has been under arrest in tokyo since november the cues to financial misconduct charges he denies. on monday his lawyer submitted a third request for him to be released on bail thank you will accept camera surveillance if necessary. his family has repeatedly complained of the say his rights have been violated. you can is shown the does the conditions of thehe tension on potentially de humanizing we have to stress we have called on the u. n. working groups conclude that carlos ghosn's's e tension is arbitrary god is goo. ththgeneva intnternational motor show gets underway this week on the prospect of a no deal breaks it is threatening to put the brakes on europe's auto industry catherine viet has the story. showing off their latest models amid worries over the impact brexit will have on the automotive industry. britain is europe's second biggest market for cars and the fourth biggest manufacturer of autos. facicing possible tariffs of up 210% and supply disruptions the stakes are high. last month nissan announced that for business reasons it would not be making th

nearly nine million dollars and was in charge of the renault nissan mitsubishi car alliance and was indicted in japan over allegedly falsifying financial reports and breach of trust he denies the charges. now to some of the other stories making headlines around the world today u.s. president donald trump looks set to open to new fronts in his trade disputes he wants to scrap preferential treatment for both india and turkey u.s. president claims india is not reciprocating for duty free access to the u.s. he also says turkey's growth means it is no longer a developing country. can it is kept a crisis as deep and with a second minister resigning janesville part is leaving her role as manager of government spending she said she could no longer defend the government's handling of a corruption scandal involving a big construction company. and hillary clinton has for the first time ruled out a u.s. presidential bid in twenty twenty five can say it although she will not run she will keep speaking out for what she believes the engine started as the frontrunner in the two thousand and sixteen

: thank you so much. the renault chief executive says he doesn't want to comment on the downfall of his former boss, but instead on meeting business targets for 2019. >> you can imagine that i cannot comment. priority isduty and to make sure our team remains as will us tosed execute our plans year after year. we are now in 2019 and we are on exceed our plans. we did not find anything wrong, anything nonconformity except we are sorry about oversight. -- versailles. we will finish all investigations by the of this month and we will know everything. matched joins us -- matt joins us now. what did he say about the alliance? : he did say it makes a difference and he says they will continue to work together with nissan in mitsubishi. he was showing me their new car behind him what was the first car completely of the alliance. the entire platform was built by and for the alliance. he said in the future, 80% of their production will be on alliance-based platforms. they do intend to stay in the alliance, at least from what he told me. they see it almost as a completed merger, although we kno

here. emma: fiat chrysler getting a bump today on the report that renault was in talks to extend nissan, usingith that as a steppingstone for another merger, should it happen, with fiat chrysler. indexthe european auto the best performer on the stoxx 600. also seeing some increased volume for both stocks. take a look at the bloomberg terminal. you can see how volume is much higher than the 20 day average for fiat chrysler. volume is the white line, and the blue line is the 20 day average. of course, a combination between a competition between them would help them be a little more competitive. guy: what kind of scale would this create? do iswhat you would create a truly global automaker that is able to compete with ford, gm, toyota. the way the industry is moving towards self driving cars and automated vehicles, those are extremely costly, and being able to share those costs will give you a competitive advantage. we are already seeing alliances where we might not have seen them before. we've seen vw trying to strengthen its relationship with ford. vonnie: emma chandra, thank you.

create a bigger oil conglomerate that wouldconglome- renault chairman leads the alliance. he believes the alliance would allow them to compete against players like volkswagen and toyota. let's dig into the state of the global market. at jpmorgan asset management fixed income portfolio manager. we've have seen a lot of movement in fixed income. today we had a german tenure auction negative for the first time since 2016. and we had the ecb talking about changing its structure around negative rates could is the move we have seen since the fed last week -- walk me through the scale of what we are seeing and what it means for portfolios at the moment? >> a couple of things at play at the moment. the first is global central banks continue to double down on their dovish bias. this started in december when markets were selling off and then you have the meeting with the fed starting to turn dovish. that was followed through by the ecb backtracking on interest rates. the boj revising their growth and inflation forecast and then he saw other central banks around the globe, today we had

. what he did is generally just renault wrongdoing -- general wrongdoing. when you go to the legal action, that should be done something by the corporate governors. carol: it's a fascinating thing for us to watch and get a better understanding of how things are working and what it might mean for global companies going forward in terms of their operations in japan. thank you so much. joining usry in the bloomberg ceo. we send it back to tv. caroline: jason kelly and carol massar with suntory. tomorrow, international wellings day. joe: and i will be walking the jobs report at 8:30 a.m. eastern. forine: also, the numberins housing comes out. caroline: that's all for "what'd you miss?" romaine: bloomberg technology is up next in the u.s.. joe: have a great evening. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get

"part of an unsubstantiated smear campaign to prevent integration of the renault alliance." it add ghosn acted at all times with board and shareholder authority. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. rishaad: getting to market, mumbai session about 15 minutes away. the position is unchanged, producing a bit of a downdraft. it is a real mixed bag. where in a form of stasis as we are waiting for any catalyst. the rupee 69 points against the dollar. the dollar up one quarter of 1%. the 10 year yield lurching lower. chinese equity markets get a bit of a boost with what we saw out of the speech by the premier of china. off thet csi 300 heights of the day. it was down at the start of the speech. it went up, now at this position at the moment. 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

macron built a renault ande not -- it upset the chinese government. saying, i want to show you what happened to the stock price of air france this week after we know that netherlands built up that stake. you can see it taking a massive leg down. for some perspective, look at it against the msci airlines sector across europe. it is faring better. one thing you may not know is, with these french government holdings, they are performing less on the index than the cap iran. this is something we should keep in mind, because there seems to thisite a comeback with country and nation capitalism in europe. this story really puts it in the forefront. anna: annmarie hordern with the latest on that fascinating tuffle. let's talk about italy. luigi demaio is confident the party will pull the plug on the , despite tensions. the deputy prime minister says the coalition will remain in place long after the upcoming european elections. endur goal is to reach the of the legislature. the government will last five years. it is part of the government's contract the last five years, keeping a full dialogu

google. renault, nissan, japan partnership meeting every month in tokyo or paris, goshn still is one of 8 members of nissan. rejected by a judge, goshn was released last week in tokyo jail in $9 million bail after spending more than 100 days behind bars, he's accused of underreporting salary h at nissan which he denials, we we e waiting for trial to again, maria. maria: white house 2020 proposal is out including billions of dollars for military and funding more wall. breakdown next and pushback. double trouble with fans, westbrook has choice words mid game while ufc champ connor mcgregor allegedly smashed a fan's phone and is later arrested coming up ♪ (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place. the road is yours, dig in. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulici

, with renault exactly what he was planning, the ceo of nissan was his number two, worked hand in hand with the government according to my sources, and basically they were afraid another profit warning was going to push carlos ghosn to consolidate lines, and to merge two companies, because the performance according to my source was pitiful of nissan they had three profit warnings three quarters, and there was a a feeling within the company that another profit warning was going to push ghosn to consolidate lines and go forward with the merger between nissan renault sources say a trial could be a year away he is meeting with lawyers said the system my source said the system is very harsher but treatment within jail was not. carlos ghosn there seen leaving jail yesterday, after being in prison since november 19 now looks forward to fighting back, and declaring his no one else. we are a few minutes away from jobs' report, for the month of february, we are looking at marketed that is lower ahead of that number down 140 points on dow industrials, 14 1/2 on s&p, nasdaq down 47 points wha

, no lawyers present, so the renault nissan chief who has been widely regarded until recently with these accusations of finagling money, et cetera, tell me what your thoughts are on that. he's finally out, at least for now. >> well, he's out and maybe the truth will be told. if you remember, in november, when i was on your show, we proffered a gentleman by the name of jose munoz, his chief performance officer who has left the company. liz: boy, you didn't like him. >> well, i didn't like him. i have a feeling others will substantiate they don't like him. the reality is these companies have gotten too much power, and at the end of the day, forget the dealers. people don't like dealers. but the consumer has to be taken care of and they are not being taken care of. they are getting further and further away from the people that buy their products. liz: well, steve, i like you. good to see you. >> by the way, i want you to know, you have another jewish leprechaun. liz: on one show? oy vay. >> hope to see you again soon. thank you. liz: of course. same here. closing bell ringing in 16 mi

quite a saga as he lost his position at nissan and renault. interrogation, often without his lawyers present. a $108 million bail check. a rangearkets, you have bound s&p and a resilient dollar. futures pretty much flat. euro-dollar flat on the day. dollar, puzzling when you have a dovish fed. nowhere,ield goes crude off by .7%, worries about more storage coming online in the u.s. still a bit soggy in the market. we will get adp employment numbers for the week, followed by the u.s. trade balance for december. at 2:00 this afternoon, the federal reserve will release its beige book. cecelia will meet with robert lighthizer. alix: time for the bloomberg first take. oecd you get the downgrading global growth, looking at 2.3%. what does that mean to you? >> absolutely nothing. it's interesting because when the european commission downgraded european growth after the imf had already done so earlier and we had markets move on that, that told something to me. investors got a little too enthusiastic. when markets don't move on this -- this is a story that is well understood, helps explain why

. new renault chairman is said to be replacing at least two members of the board amid a shakeup of governing in the post carlos ghosn era. we are told the wife of former u.k. prime minister tony blair will not be reporting. a top independent director will leave in june because of his age. they want the board to be more of an operation that it was under carlos ghosn. powered by more than 2700 journalists and analysts in more than 120 countries, i am su keenan, this is bloomberg. >> coming up here in the show we are talking about elon musk's big announcement. also saying outlets will be closing and there will be no profits this quarter. rishaad: next we had back to .outh korea and see this is bluebird. oomberg. ♪ rishaad: you are back with "markets asia." north korea says kim jong-un is vowing to meet president trump again, despite the hanoi summit ending in no deal. the report was more optimistic than the regime's top diplomats warned they may not have another chance to negotiate. up withugh we have come a deal that we have never offered in the past, the american government still

withdraw the brand from western europe. nissan/renault/mitsubishi alliance is moving on from the carlos ghosn era. they are streamlining decision-making with one single board to oversee the collaboration. ngry: tim meisner and roger has been banned by the federal for their roles in malaysia is scandal.illions the coordinated bond offerings that about cash to be stolen from the investment fund 1mdb. $1.4 millionined and pleaded guilty to charges including conspiracy to money laundering. the trend for the iphone is going from bad to worse. that is the assessment of an analyst who affirmed his mutual rating on apple and found that multiple price cuts did not stop chinese search trends further the device from weakening. bloomberg data shows almost 1/5 of apple's fiscal revenue came from the iphone. shery: the maker of budweiser and stella artois beer is turning the leftovers from the process into salty snacks. --'s backing a food startup that is working to turn the protein from spend growing grain into edible treats. it is recycled currently into animal feed but new technology will let the

totally focused, focused on its commitment, on its duty. withve launched a team renault as soon as we discovered what happened at nissan. we did not find anything wrong, anything non-conform, especially a little story about v ersailles. we finished all the audits an investigation by the end of this month. haidi: carlos ghosn could be released later on wednesday in japan. conglomerate telecoms and media editor, david mccombs is in tokyo. what is likely the next step in getting to trial in his case? david: we can expect to see them starting to put together the case in his defense. they have outlined that already. they have discussed this narrative that the charges are the result of nissan's efforts to push him out in a corporate power play. that is a narrative they are likely to support. up until now, this has been a very lopsided case in the fake -- fact nissan has been leaking continuously information about ghosn's alleged misdeeds, whereas ghosn has not been able to respond. he has been in jail and cannot respond to them case-by-case. once the is out, he will be able to do that. t

market trade. dani burger has all the details for us. dani: renault is trying to start nissan.th and fiat has gotten a lot of attention when it comes to corporate takeovers. up 4%. they are wrestling for first place in the stoxx 600 with norsk hydro. norsk hydro have losses this week, totaling 3% monday and tuesday. the markets are saying it may have been overdone. optimism that they will be able to reopen their operations, some of the mining operations after a cyber attack. billionaire mike ashley putting a price tag on his takeover bid for the company coming in at $81 million. it is also putting a price tag on .5 a share. that is where the close yesterday. anna: dani burger with your movers this morning. us get back to the markets. christina is joining us from our markets live team. you heard what mario draghi said. any surprises? he talked about the risk to the downside and the resilience of the euro zone economy. are we taking away something dovish? what surprised you? >> there are really no surprises. he's not the type of banker to stir markets especially at a fragile time of ri