Listen: United States, President Trump, Bloomberg discussed on Bloomberg Daybreak: Asia
"Thirty pm on the eastern seaboard of the United States. I'm Rishaad Salamat. And I Ryan Curtis who are thirty minutes out from the start of trading in Tokyo, and Seoul, and then two hours later, the Hong Kong and Shanghai. And Shenzhen markets will open up Sydney with holiday today. We're on watch for data coming out in a couple of hours on Chinese industrial profits seeing a little bit more risk off come into the picture. Although still broadly higher for the Asian markets this morning, but just a little bit of a move down in S and P five hundred Many's, and we've also seen the dollar open just a little higher after losing quite significantly zero point seven percent on Friday. We'll get that sorted with Doug krizner in a moment. But for now, the top stories full fresh developments this week on US, China trade Tokes Chinese delegation arriving in DC Monday to start preparing food those discussions, then we got the Chinese Vice-Premier Li her meeting with the US Trade Representative Robert lighthizer. Entourage ary secretary Steven Mnuchin Wednesday and Thursday in DC. Mckenzie in Beijing says the two sides go into that meeting pretty far apart. The Chinese have made pretty significant proposals around purchasing goods from the US to close that trade deficit. But of course, key issues remain around intellectual property forced tax transfer and industrial policy, and of course, as many of the Trump administration officials saying last week a scheme away to verify and enforce any deal any agreement as well as clearly a priority for the US administration. So how they format is going to be a central part of these talks. And that was Bloomberg's Tom MacKenzie reporting from Beijing. In the meantime, President Trump's tariffs may be about to run into some trouble the World Trade Organization appears set to launch an investigation into the president's levies on some two hundred and fifty billion dollars in Chinese goods. The trade group requires members to give each other the same tariff treatment, we're hearing from Deutsche Bank, then it'll get a lifeline in the form of a commitment for additional investment from Bloomberg's his Anna Palmer explains the timing and size of the investment aren't clear deutchebanks spokesman and representatives of the Qatar investment authority, the country's sovereign wealth fund declined to comment the troubled German lender faces more US scrutiny amid reports that it's US unit may have been involved in money laundering shares in Deutsche Bank have slumped by almost half in the past year. Susanna Palmer, Bloomberg daybreak Asia. Well, as you mentioned if you times this morning, very crowded calendar this week. For people watching markets. We get more from Bloomberg's Charlie Pellett in this Wall Street preview. Lots to keep investors busy this trading week, including a fed meeting ongoing global trade tensions and plenty of earnings reports as for the world economic backdrop, Kevin gives us his cO head of fixed income capital markets at Raymond James and associates, I think you'd have to concede that the global economy is slowing but not to the point of reassessing. So there's somewhere a fine line between what each side is saying about where the economy stands right now both globally, and in the US among the tech giant's reporting this week, apple Microsoft, Facebook, Alibaba, Qualcomm, tesla Samsung and Sony in New York, Charlie Pellett, Bloomberg daybreak Asia. Well, there's a close up look at what's happening with the financial markets as our Asian trading day gets under the underway. Asian trading week is Doug krizner well rish note. Trading down under today. It's Australia Day and so- Ozzy. Stocks will not trade right now in terms of futures activity for the Japanese market which will get underway at the top of the hour. Chicago contract is essentially flat. We had a stronger yen here in New York that may be a bit of a headwind for the Japanese equity market one. Oh, nine fifty and yen vis-a-vis the dollar seeing bid in sterling right now. The pound is spent fitting from report in the sun newspaper that British Prime Minister Theresa may told her cabinet. She won't take the country out of the European Union without a deal from the F T. China's ambassador to the EU has issued a warning exclude away from five g mobile phone projects in Europe and risk losing global economic. And scientific cooperation we had a backup in long term interest rates in the US action on Friday. So the ten year treasury will begin the Tokyo session where we left off here in New York at two point seven five percent. And look for many of the aluminum related stocks to be actively traded the US treasury has lifted sanctions on three companies tied to Russian tycoon Oleg, Derek pasta, including aluminum giant rissole. I'm Doug krizner at Bloomberg interactive brokers studio in New York, rich. Thanks a lot. Okay. Well, we'll go grin poll numbers full President Donald Trump with that another global news. Here's Mark mills. In the Bloomberg newsroom. Rich. Thank you, a sizeable majority of Americans say the US is headed in the wrong direction under President Trump. According to NBC news, Wall Street Journal poll that was taken before the thirty five day partial government, shutdown ended on Friday only. Twenty eight percent of respondents said the US is headed in the right direction. That's the lowest percentage on that question during Trump's term sixty three percent believe the country is on the wrong track on ABC's this week with George Stephanopoulos. Former New Jersey Republican. Governor Chris Christie said don't underestimate Trump. Everybody has Donald Trump out as always been wrong. He has a great ability to be able to recover from things because he's strong former Starbucks CEO Howard Schultz who may be considering a presidential run in two thousand twenty is already. Worrying Democrats who fear Schultz may run as an independent and could help throw the election to Donald Trump Schultz will appear on CBS or sixty minutes on Sunday. Prime minister Justin Trudeau fired Canada's ambassador to China after the envoy said it would be great. If the US dropped its extradition request for a Chinese tech exec arrested in Canada ambassador. John McCallum was fired after saying that Huawei technologies executive Mang Wanjau as a strong case against extradition. The arrest of the daughter of the founder of hallway at Vancouver's airport, December first severely damaged relations between China and Canada, the US wants her extradited to face charges that she committed fraud misleading banks about always business. Dealings in Iran. The US faces a January thirtieth deadline to formally file an extradition. Request. President Trump claimed credit for getting European allies to boost defense spending. Citing a top alliance official who said US pressure was paying off Trump commented on Twitter within minutes after gen Stoltenberg the North Atlantic Treaty organization secretary general said on Fox News Sunday that NATO allies will boost military outlays by the end of the year at the summit in July last year, we agreed to do more to step up. And now we see the results by the end of next year. Nato allies will add one hundred billion dollars defense. British Prime Minister, Theresa may has privately told cabinet ministers that she will not take Britain out of the out of the EU without a deal. According to a report in the sun global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm mark. Mills. This is Bloomberg Brian. All right, Mark. Thanks very much twenty three minutes here before the top of the hour. It's time for global sporting. Let's."