Listen: US, Bloomberg And Washington DC discussed on Bloomberg Daybreak: Asia
"Level than taking place in Washington over the course of the next few weeks. President Trump has given US Trade Representative Robert lighthizer until March the first to negotiate an accord with the Chinese on structural changes to Beijing's economic model. Brian SoftBank is said to be dramatically scaling back its investment in. We work details on that from Bloomberg's Denise Pellegrini. Japan's Softbank is said to have ruled out taking a controlling stake in the US space office space company, and it now plans to invest only about two billion dollars more in we work instead of the sixteen billion. It was looking at another changes to be a foot as well originally. Softbank's vision fund backed by the Saudi government was considering buying that controlling stake. Now, SoftBank the company is said to be planning on making that investment directly. Denise pellegrini. Bloomberg daybreak Asia. We'll Kim Jong UN is in China for a four day visit which he'll. With president Xi Jinping Baxter is covering all the global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Juliet Shinwa KCNA. Now confirming our reports that we first reported with South Korean sources. This is his fourth summit with president Xi Jinping. The first report was of a train like the one often used by Kim crossing into China with heavy security in the middle of the night. Jin wa now says that Cam will visit beginning today through the tenth which to by the way today is also camps birthday. He's thirty five years old US President Donald Trump has tweeted he'll deliver a prime time broadcast tomorrow. He says he will address the nation on humanitarian and national security crisis at the border. He is still saying he made declare a humanitarian crisis to get money for the wall. A warning today from former secretary of homeland security secretary Jay Johnson that the president does not have the authority to use national emergency unless it's for things in wartime. Additional ballots. That type of authority was not intended for something domestically concerning our southern border. Yeah. Top legislative leaders aren't even in Washington DC. So the partial government shutdown continues and the wall has played into the swearing in speech of California's new governor Gavin Newsom holding his youngest son all kids, not just the children of the governor and a filmmakers that have a good life in California. Should be ripped away from their parents at the border. Today be left, Hungary when politicians seek to pour billions into a wall. That should never be built Newsome says California has fought and we'll continue to fight Washington DC and lead the way for the globe. And for America UK, Prime Minister Theresa may considering whether to accept a draft plan from pro e u politicians who wanna make it hard to leave the block with no divorce agreement. It's an amendment to the finance Bill. That would limit the treasury's tax-raising powers. If there is a no deal split there. Waiting to see if it is selected for a vote before weighing Yay or nay and several media reports now are saying the so-called sonic attack on US diplomats in Cuba. In two thousand sixteen might have been a form of Caribbean short tail crickets, another one of the theories global news twenty four hours a day on Aaron a tick tock on Twitter more powered by more than twenty seven hundred journal. And analyst and more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg. Brian. Thank you, very much eight and a half minutes here past the top of the hour and George Soros chief investment officer of atlas capital and director of or brothers asset management joins us here on the program. So we have a degree of optimism, I suppose you'd have to say George that that given the severity of the sell off last year. And the fact that slower growth, the fed and the trade war was what was causing most of it that we'd be up a lot more. If people really believed, it, do you believe it? Good question. I think the market is processing in that uncertainty still to continue the things of the last quarter of two thousand and I think we'll be brought in to the remainder of this year. Correct opportunity, of course. But without a doubt, the global growth, downright not a surprise, given the tried war started a year ago, and that uncertainty comes around having said that. Sold off. A two thousand a non white positions to risk would be people be looking for getting the correction, but. Volatility just to reinforce the point is with us for the foreseeable future. Twenty nine nine at this stage could be volatile as what we saw in the latter part of twenty eighteen Georgia. I'm curious as to what you think that dull moves they're going to main particularly in this part of the world because that's where you're going to see a lot more money being put into some of these AM assets, as you said there has been some under sailing over the last year or so. I've said exactly. Route in the first half of last year the function of that strong US install etcetera. We we all knew that was going to play out. We didn't really understand the transfer of that sell out that route from the AM to the day in the back of last year. But the point is eventually able to get a clearer picture that they right hawks flying down in the US that crash that good semantic that US dollar strength to go away and the US dollar Broadway kness sometime. Of an assistant coupled ways, the Chinese fiscal stimulus, and obviously the monetary stimulus coming through there. But. Structuring in China would annual the final point metal Bank supported in the back candidates year. Something else that maybe a positive. Haven't heard many talk about is. We know that the tax cuts in the US, maybe running their course. But with all that cash that went back into the coffers. It should be investment that follows right and that could boost growth. Yeah. Just just disco statements at that stage of the sokoll isn't the appropriate measure just overseas. Stimulus when when when you donate when the economy is slowing, obviously did it every year coat when you calling me was expanding. You probably need his customers. Nabet the culpas in corporate America in our."