35 Burst results for "Yvonne Man"
"yvonne man" Discussed on Bloomberg Radio New York
"Group at J C f y dot orc influential conversations from Bloomberg Television. Here's Yvonne Man, President Trump has repeated his demand. But Johnny's video sharing abject he's sold by the middle of this month, also reiterated that the U. S should be compensated from the deal. Joining us now is Jessica Chen Wai's Cornell University associate professor of government where you see the chances out of a deal actually going through. It's not looking very good looks a lot more like the United States trying its hand at nationalistic extortion, you know, rather than a real strategy to protect Americans, data and privacy. More effective strategy from the U. S. Is Perspective on would establish these data protections and standards for all companies and APS, regardless of what country they might have been developed in for China's part, you know, they also don't want to look weak in the face of you know, Trump's increasingly clear anti China strategy in the run up to November is president from willing to go as far as really banning. Tic tac in the US, if if, in fact, it doesn't find a buyer and does giving the China Hawks in a trump administration. More leeway here really guarantee that he gets reelected. I think it's really hard to say with you know many of these executive orders on decisions by the Trump Administration. There's a lot of bark, and sometimes the bite follows. And sometimes it doesn't at the last minute HearMe or interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile APP or check your local cable. Listings. Take the people of Kenosha that aren't here and that you won't see and that aren't protesting, But they want change. Also, they want.
Coronavirus: South Korea reports tenth death
"On the corona virus continues to grip markets with cases climbing from South Korea to Italy and the Middle East we have Bloomberg radio team coverage of the outbreak beginning in South Korea where Yvonne man is covering the spread of the virus the concern now is that this outbreak outside of China is going to spark a second peak in this epidemic the latest numbers I'm Corey out hitting nine hundred now that's the biggest outbreak outside of China you're more than a dozen or so countries and issued tighter travel restrictions for people that are traveling from South Korea the death toll there from the virus now stands at ten while infections number nine hundred seventy seven
Westerdam cruise ship arrives in Cambodia after five countries blocked it due to coronavirus concerns
"Dearly a western dam luxury cruise liners headed to fort in Cambodia should arrive today Bloomberg's Yvonne man we are learning that this cruise liner now heading to the sea and the bill of courts where passengers and crew members will then be taken to put on pen and then they'll be able to finally try home yeah this year after Tieline changed its mind refused for entry it's been refused entry as well by Taiwan Japan Philippines and Guam looks like it is finally they're gonna feel some land under their feet World Health Organization is saying it is way too early to predict the beginning of the end of danger from the wheel on coronavirus lower selfie come a Runnin Hong Kong says all ray of hope by some McCarty size then as experts around the world are looking for potential peak and outbreak but there's some consternation that more could have been done earlier and U. S. top health official experts seeking to join an international group head in the center of the corona virus outbreak in trying to say they still have no answer whether they'll be allowed into
Hong Kong unemployment to hit 5% in 2020 amid unrest: report
"Well in your report once at home Kong's unemployment's may be about to rise we get more on that from Bloomberg's Yvonne man being vows says the unemployment rate here in Hong Kong could jump to five percent next year if the ongoing protests continue that means nearly two hundred thousand people could be out of work Ming vase cites a government reports saying that a thousand businesses could shut following the Chinese lunar new year holidays as a catering industry implodes unemployment here recently increase slightly last quarter to about three point one
"yvonne man" Discussed on Bloomberg Radio New York
"In the territory add backs it has a global do uses in the Bloomberg and nine sixty seven which is good news yeah. having said that Hong Kong chief executive Carrie lam a satisfied one protester demand formally withdrawing the extradition bill from ledge goes agenda saying it is dead this the issue that triggered the protests in the first place. the government will formally withdraw the bill in order to fully allay public concerns. the secretary for security will move a motion according to the rules of procedure when the Legislative Council resumes. yeah she left in place for other demands including the demand for universal suffrage which would call for public elections which is another key issue meanwhile China's softened its tone regarding the protesters saying the demonstration so they've been taken over by a group of thugs yung Huang who is a spokesman for Hong Kong Macau affairs office says one country principle must be protected I'm going to quote that for us. and targets E. G. she only one of no longer about the machine guns yeah find out what we can use them selves two soldiers of external forces and into China for social. call now protest leaders have already responded saying they want other for the man's mad saying too little too late Bloomberg's Yvonne man is getting their reaction. where is. alarm didn't go far enough with the other protesters have demanded here what they said was that you couldn't get amnesty demonstrators charged with crimes.
Japan-South Korea Tensions Rattle Tech Industty
"Rising tensions between Japan and South Korea adding to headwinds for trade and challenges for the tech industry Japan is slapping restrictions on exports to Correa of materials crew sure to memory chip production we get more from Bloomberg and when Chandler looking at three types of materials that Japan is restricting the export golf and they are vital to the production of screens for instance a foldable displays the vital to the production of high and memory chips so we're going to see the ripple effects if this situation persists we're gonna see potentially in a worst case scenario maybe even Eiffel and production the getting affected companies under threat from the movie include apple Sam sung and PC makers like dell that trade dispute wait on tech stocks in Asia today Bloomberg's Yvonne man joins us from Hong Kong with details on that good morning of on good morning David and Karen looming clouds between South Korea and Japan continue to dampen sentiment markets consolidated bid on news the two sides will start traits Aug syndicate eked out a gain of zero point one percent because he was lower by six tenths of one percent the chip stocks like Sam so rebounded the CSI three hundred also ended marginally lower by a third of one percent of some upcoming tech IPOs continue to suck liquidity on the mainland in Hong Kong not even a man Bloomberg
Donald Trump, Jinping And Bloomberg discussed on Politics, Policy, Power and Law
"A trade truce between the world's biggest economies will probably few will of relief rally across some asset classes but it's not going to be a lasting rally strategists agree the outcome of a meeting between president Donald Trump and Chinese president xi Jinping alleviates the immediate risk of more terrorists but they also worry that core issues of the trade war haven't been resolved and for Chinese telecommunications giant Huawei technologies Bloomberg's Yvonne man in Seoul says that the change in stance that allows US companies to sell products to China's while way is only part of a bigger issue for that Chinese company line
"yvonne man" Discussed on Bloomberg Radio New York
"Said, you know, this country's got a lot of General Motors. You better get back in their shoes, that's Ohio and you better get back to their soon. So we have a lot of pressure on them. You have Senator do you have a lot of other big a lot of pressure? They say the Chevy Cruz is not selling. Well, I say, well, then get somebody get a car that is selling well and put it back in. Auto analysts Maryanne Keller says the automaker is moving quickly to avoid another slow speed crash. Like, the one that resulted in bankruptcy back in two thousand nine shares of United Technologies up around two percent now in late trading. That's on word of its plans to announce a three way break up in a conference call tomorrow, and we have details on that from Bloomberg's Denise Pellegrini. Analysts had been speculating for months. The company would separate its aviation elevator and climate controls businesses and activists investors Bill ackman, and Dan Loeb have been pushing for this as United Technologies also gets ready to close on its twenty three billion dollar acquisition of Rockwell Collins and breaking up it would be following similar moves by Dow DuPont, General Electric and Honeywell. They've also recently separated key divisions in two standalone entities. Denise pellegrini. Bloomberg daybreak Asia where you might hear is sometimes talking about how China's government steps in and props up the country's financial markets. Well, there is now word that the so-called national team sold stocks last quarter. When things got rocky more from Bloomberg's Yvonne man. Goldman Sachs says China's national team was actually a net seller of domestic equities in the quarter analysts Goldman say the team sold about fifteen billion dollars worth of Asia's as a country is onshore market lost five hundred seventy billion dollars in value. Goldman says day funds may have turned into net buyers again at the start of this quarter. China's securities regulator assured investors at the end of October that relevant institutions increase their positions after five state funds were found to have sold all their holdings of equities and bonds. Leo. Woo analysts that China Development Bank. Securities says the national team may have wanted to cut exposure in mutual funds to better allocate its ammo in Hong Kong. I'm Yvonne, man. Bloomberg daybreak Asia Ukraine's parliament has ordered the imposition of martial law in some. Area's saying it needs to defend itself from the Kremlin. Ed Baxter has global news from the Bloomberg nine sixty San Francisco newsroom. Ed. Yeah. Right. Brian.
"yvonne man" Discussed on Bloomberg Radio New York
"In Brussels could soon kickstart disciplinary process to tackle Italy's unprecedented challenge to e you budget rules room has until Tuesday to the fish budget. But Italian officials have already said that they are determined to stick to their plan for benefit spending tax cuts and a lower retirement age in Rome. John Wayne, Bloomberg daybreak. John. Thank you stocks in China. Posting gains to start the week while other markets in Asia struggle for direction. Bloomberg's Yvonne man has details from Hong Kong aka Ed, day, flat. In Tokyo, Sydney. Shares up a third of one percent with energy stocks following oil higher CSI three hundred Shanghai composite in China game. More than one percent Alibaba's blockbuster of a singles day with a record thirty one billion dollars in sales despite rising tensions between the US and China. In Hong Kong, I'm Yvonne man, Bloomberg daybreak. Thanks now. Let's get more of those record sales from Alibaba's Tampa annual singles. Day event. Bloomberg's Tom MacKenzie reports from Shanghai another record twenty seven percent increase from the number that we saw in two thousand seventeen thousand more than thirty billion last night's apple Xiaomi phones, also Dyson vacuum cleaners amongst the top three products purchased by consumers in terms of countries, the shipping goods to China and the consumers here the top three nations included Japan, South Korea, and the US as well interestingly this marks Alibaba's last singles day event with Jack. Mas chairman he said to step down from the role next year. Softbank in seeking to raise twenty one billion dollars with an initial public offering of its Japanese telecom operations, it would be Japan's largest IPO yet. With shares expected to start trading on December nineteenth SoftBank founder Musi. Yoshi son is listing the company's cash cow as he transformed. Softbank from a telecom operator into a global investment company. Here's a British American Tobacco plunging on news of a possible US ban on menthol cigarettes. According to the Wall Street Journal FDA Commissioner Scott Gottlieb plans to pursue the restrictions of the cigarettes, which are popular with younger smokers generate as much as a quarter of BAT's prophet shears down eight percent at London Europe's biggest technology company is making its largest acquisition. Ever. SAP is a great quality tricks international for eight billion dollars quality tricks is a Utah based company that creates software to gather and analyze data shares of SAP or lower by three percent following the announcement art auction week in New York. If the first night was any indication there isn't much demand works by Claude. Monet Pablo Picasso at Christie's mixed auction of impressionist and modern art yesterday. The sale total two hundred seventy nine billion dollars. That's down. Forty two percent from a year ago of the sixty one offered lots fifteen percent failed to find buyers including Vincent Van Gogh painting that was estimated at about forty million dollars. One of the biggest concerns heading into the week was how active Asia buyers might be in light of tighter enforcement of capital controls by the Chinese government. S&p futures right now on change. This is Bloomberg daybreak. Now.
Trump's Trade War With China May Hit Parts of Your Car First
"And speaking of trade some new signs about the impact of the. U. s. China trade war on China's economy as Bloomberg's Yvonne man reports September maybe a very slow month for some Chinese car parts makers don't jam based easy to electrical says it expected to have trouble selling its products this month that's what the US moving to slap tariffs on another two hundred billion in Chinese goods including the company's car. Lights along with Chinese, made a windshield wipers bumpers mufflers and car seats. The parts makers are already struggling with rising steel and aluminum costs and they are also increasingly dependent. On the US market. China's the number two auto parts supplier to the US after Mexico shipments the US, surged nearly eighteen billion, dollars last year and jumped again this year as. US companies rushed their orders before any more. Terrorists from Washington went into
TSMC recovers 80 percent of virus-hit production line, warns of production delays
"They've stopped defending, Neo, on they think it's going to help offset the US effort to. Get rid of their unfair trading sounded The. Currency fall, though I think it's just money leaving China because, it's a lousy investment and that continues that were really damage the Chinese economy if the Shanghai composite falls. Another three tenths of a percent. Today, then that would put it at about. A two, and a, half year low we've got some interesting data for China this week the probably one of the more important numbers are going to be trae data to see whether or not this trade war is actually beginning to creep into some of the numbers meantime China may actually be about to report its first half year current account deficit. In decades the story from Bloomberg's Yvonne man deutchebanks says, China is likely to report a current account deficit of about, fifteen billion dollars for the first half that will be the first half year deficit for the country since. Nineteen ninety eight db analysts. Juillet John and you say the expected to. Client is part of a, structural trend due to consumption upgrades and slower export growth and they say trade tension will reinforce the The. Downward pressure on China's current account in the second half. And in two thousand nineteen in Hong Kong Yvonne man Bloomberg daybreak, Asia well some well-known Asian tech stocks may be moving today on word that. Google is looking for partners to offer its cloud. Service in China details from Bloomberg's rainy incensio ten cent and inspir- electric information industries Asia traded stocks may get some attention today on word Google's parent alphabet is in discussions with. Them, on the initiative Yahoo Japan Nanjing panda electronics Xinjian son yes electronic China security and Shenzhen. Innovates tech are also stock to watch because, of this we're being told Google has been in talks on a possible partner on this since early this year and narrowed candidates down to three companies in the spring the goal is to run services like drive and docs, through Chinese data centers and servers but we're also hearing that trade tensions could make progress difficult Ramy, Inocencio Bloomberg daybreak, Asia Taiwan Semiconductor Manufacturing Co. Racing to recover after a crippling computer virus more from Bloomberg's Denise Pellegrini TSMC now says eighty percent of its fabrication tools are back after. Being, hit, by the virus. Friday, evening the Taiwanese company also says the incident will delay some shipments and hurt revenue operating margins for the quarter but it still sticking, with its forecast for single digit revenue growth for the year in. Dollar terms TSMC's in the middle of ramping up chip-making production for Apple's next iphones it's not saying which customers are, affected, by, the, delays, to, these Pellegrini? Bloomberg. Daybreak, Asia and TSMC opened. About one percent lower on continuing to. Trade around that, level two hundred forty four fifty stock has come up from just a little more than two hundred and ten dollars though over the past month or so. All right the time is now six and a half minutes past the hour let's get, the latest in news San Francisco Ed Baxter's there China's serving itself Ed throughout Asia, and, some, new reports that Make some progress with, as Ian tell us more, yeah well the conference over the weekend Brian has you know the conclusion there's some school. Of thought China's move to a better now relationship with Azza nations they're listening to them anyway dole who, is a senior researcher at Pango wall institute says they have worked out scenarios of mutual security help in situations like on the oil tanker what we are going to do. So all those measures that will move forward that longtime peace and stability cooperation between China and that's John countries I think yes indeed quite productive he says China will. Be important component. At that and at US stay Mike Pompeo's made the promise to talk to Russia about alleged violations on North Korean sanctions that detracts. From the. World's goal finally fully denuclearizing North Korea would be something that America. Would take very seriously and the, Trump administration is now admitting that there are definite problems in, the talks with North Korea National security adviser John Bolton on foxing promises. Have. Been, made there's nobody in this, administration, starry eyed about the prospects? Of North Korea actually denuclearizing but I think what's going on now is that the. President is giving Kim Jon, masterclass, and how to hold a door open for somebody US intelligence has been reporting now for over a week that Kim Jong UN is still working on ICBM development seven point zero. Quake Indonesian island Blomberg has taken at least eighty two lives now officials say the quake felt very strongly in, neighboring Bali, some, damage, done there. Australia's home, affairs minister Peter Dutton as one of those evacuated from oh tells in the region and we're getting reports of aftershocks USGS saying a five point three global news twenty four hours a. Day, on Aaron talk on Twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco I'm Ed Baxter this is Bloomberg I'll, take it over here, Toby Lawson Zor guests managing director at Salk gen securities Australia, Toby what do, these signals warn you about we've got, a flat yield curve we've got a sort of impending trade war we've got what's happening in emerging markets we commodities and China. Slowing what does. That tell you Picked him all on the on? The the worst case scenario and. All of those elements and I don't think. That's necessarily way at all I think. You could at flattening a. Little bit of moving on Flattening, Leach technically towards recession in the US into the. Twenty. Nineteen but right now not bad US economy strong early days and how's it going to impact TDP with a medium-term godly get. Brought at this stage not a hell of a. Lot of the impact immediately emerging markets will let US dollar story Have? You still, have strong that puts the pressure on the aims but during the last time we had a dollar crisis again fundamentally they're in better shape, than they would so I'm not as negative I roll but they certainly watch points you're looking at and they relevant are, you bearish on the you want I mean? We've seen, quite a bit of depreciation here over the last several weeks, in particular Friday when we hit six ninety one against the dollar. And then we had to the PBOC, kind of imposing. That the reserve requirement twenty percent on some four x. forward contracts what do you expect, for the you want I mean have they drawn. The. Line implicitly in the sand at seven No I think, this slide it up I think you have? A look, at the statements to that move on the wind shift significant He's nice surprise the PBS candy slow it down but I think this. Is not. Necessarily the end of it I just think it's. A matter of getting poised to happen at the, at the time banks nice surprise we saw that move coming from PBA identikit. Ends, it intends to pressure on the. One for depreciation but at least it'll give a bit of breathing space for the market, to Deep edit will be and subject. To have the trade will if they start to. Escalate how they will have an impact on, the Chinese economy you guys had sought Jenner usually pretty pretty sober and a. Little bit nervous so that's why I served up to you and I'll, come, from the other direction. When. We continue our. Conversation because as looking at Prada, LVMH and Gucci, these stocks are all surging and essentially that's China that's really. Where they have their big big moves so how do we square that with.
Elon Musk apologizes for brushing off analysts on past earnings call
"The United States at six thirty AM. In Hong Kong and Singapore I'm Rishaad Salamat and I'm Doug krizner at Bloomberg. World headquarters in New York we had a mixed day for the. Equity market in the, states the NASDAQ was up but the industrial average was down apple by the way finished at a record high right. Now in futures market activity we're seeing the Chicago Nikkei contract lower by about thirty five points relative to where we closed in the cash market yesterday and Tokyo will look at markets more closely, in a moment right now. This. Hour's top business stories Yep the Trump administration has confirmed its debating whether to increase tariffs on two hundred billion, dollars worth of Chinese goods raising the pressure on Beijing. To change its trade practices Beijing has responded to the news cautioning the United States against black Malian pressuring and varying to. Strike back at every esscalation the DJ's could be imposed. As early as next month let's stay with the issue of trade because the US and Mexico are said to You have found common ground over auto manufacturing this has. Been a major sticking point in NAFTA negotiations Bloomberg Sarah McGregor tells us the. Big question is what about Canada it seems like the US and. Mexico are sort of, in the boardroom right now at the negotiating table and Canada's in the waiting room and can they even make a. Deal over cars without involving Canada Mexico is the biggest source of car imports to the US Canada's right behind it at number two so how this practically would happen it's not clear right now, but it would be significant. If. There's some progress interestingly it was a day of disappointing auto sales for the month of July and we also, learned after the bell that Ford is shopping its money. Losing South American unit two rivals rish let's take a look at what's been going on with with Germany because it is. Joining the United States and Canada and taking a tougher. Line on China chose Angela Merkel's government to the first I'm vetoed eight Chinese takeover A German company in the grounds of national security the cabinet blocking the potential purchase of machine to make life field metal spinning life is. One of the world's leading producers of high strength metals for space? And nuclear industries after the bell tesla CEO Elon Musk apologized for being impolite on the company's first. Quarter earnings call he blamed insufficient. Sleep he made the gesture, during the conference call for second quarter results earnings. For, the last quarter missed estimates but the top line was above forecast revenue, beat tend Mr. musk went on to insist his company will, not need, to raise additional capital, this year now. Bloomberg has also learned that tesla will use mostly local debt to fund a new factory in Shanghai its first outside of the US right now Rishon looking at tesla shares up about nine percent. In the late US session Yeah see we went show where they're going to. Get that money from to build that factor anyway some things have been clarified, that certainly China's central Bank is set to started actively encouraging banks extend more credits and Bloomberg's Yvonne man has.
Intel shares slide as earnings beat
"Believe that Amazon will be able to build high margin businesses. In the future and that's why when they see the beach they say home I God. Like the gross margins are getting much higher, than Amazon's gross margins have been historically, which have been incredibly low. And I think that's a sign that they, may be moving more in that direction they're going to start to, really push. On the stuff that is high margin that they haven't done in the past Amazon also says it's recent acquisition of whole foods is helping boost growth in Amazon prime we were talking about Intel earlier Have those shares down. About four percent in late US trading the company beat on nearly every, metric also boosted its full year outlook however some analysts are seeing signs that growth may be slowing. As we approach the end of the year Bloomberg's Ian king and San Francisco saying. That investors may have gotten their hopes up, too much after, the success, of some other tech companies doing better than expected and. Companies like Google Tom continue to spend a lot of, money on on the server business is one thing that the Wall Street arenas going. To be very closely focused in on maybe some signs of that business for Intel is slowing just a bit analyst. Crunching the numbers on the revenue target for the year are now saying that the fourth. Quarter may be a slow one Starbucks says fluctuating in. Late trading this is up, to. The latest quarter, was a bit pardon, the pun here a bit of a grind one of them limericks Denise Pellegrini global sales at, the coffee chain slightly exceeded expectations and revenue was higher than anticipated but sales fell two percent in China at Starbucks has been hanging. Hopes, for future expansion and Starbucks plans to start a nationwide delivery program in the country by the end. Of, the year that's after testing in some key markets and they'll be using third party service for this but haven't decided yet who and as for the United States Starbucks says it, plans to boost spending on advertising Denise Pellegrini Bloomberg daybreak Asia we got a warning from China when it comes to the countries of macro economic picture kind of. Coming by way of the IMF the story from Bloomberg's Yvonne man the IMF says China's economy is robust but the negatives are increasing the report put together after consultations with China's government says market base Reforms could lead to unsustained stable growth but it warned reversion to credit, driven stimulus with further increase vulnerabilities that could. Lead to what it calls, an. Abrupt adjustment the, IMF also says Beijing, disagreed with its assessment of. China's monetary policy in Hong Kong I'm Yvonne man Bloomberg daybreak Asia Well China is not.
New Bills On Cryptocurrency Regulation Expected From South Korea
"AM in Hong. Kong and Singapore I'm Rishaad Salamat and I'm Doug. Krizner at Bloomberg world headquarters in. New York so. In about an hour and a half from, now we'll get cash markets up and running in Tokyo. Sydney and Seoul the yen strength in just a bit during the New York session but the Chicago Nikkei futures contract is essentially flat we've got dollar yen right now one. Ten ninety two was an update. For the, equity market particularly in the last twenty. Minutes or so of trading. When we got word that President Trump, and e c president Jean-Claude Yonker had. Agreed to a framework of concessions to. Avoid a trade war. Will. Unpack that story coming up and. Then there's, the Facebook story rish boy. The company missed on three major metrics the stock is getting hammered and as a, result of that NASDAQ one hundred e. mini. Futures are down one percent Yup it didn't look at those Facebook, says as you said getting absolutely slammed down about twenty plus percent. In late trading and we've got this is recent. Scandals of the how it uses. Customer data hurting. His business coudl revenue quarterly revenue and ease, with both I see also manage to miss the thinking. Out that we were also seeing weakness in Ford shares down about four percent in late New York trading the automaker warning a restructuring cost could come in at around eleven. Billion this will take between three. To five, years to complete Ford also cut its. Annual profit forecast just like. Rivals GM and Fiat Chrysler Ford highlighting, its business in China has been faltering. A bit We've got pink slips at Mattel the toy makers getting some two thousand jobs. As twenty two percent of its corporate workforce revenue footing back for a. Fourth straight quarter and shares in visa under a bit of pressure in late US trading that's even as card spending surged for the company visa did say that incentive cost will surge going forward Oh this makes a MD adverts Micro Devices a standard says up by more than five percents in late trading right now with its best quarterly providence seven years we go to South Korea next where the. Country's financial regulator is intensifying its push for the. Country's first crypto currency build story from Bloomberg's Ramy Inocencio Hog key of South Korea's. Financial services commission warns local exchanges are, rife with security flaws in, money laundering risks allow maker from South Korea's ruling party proposed Bill in March to increase oversight of the venues but it has yet to be approved by the national assembly South Korea's crypto currency exchanges are among the biggest worldwide, by reported turnover two of them were hacked last. Month triggering losses in virtual currencies such as bitcoin and ether Ramy Inocencio Bloomberg. Daybreak Asia Asia's richest woman is apparently run into a string of bad luck moon after Bloomberg's Yvonne man pollyanna to you'd wa has lost seventy four percent of. Her, fortune her Kingston financial group operates Macau. Casinos and margin lending businesses businesses getting squeezed this year by regulators sour loans hurting her company as well, in the, Bloomberg billionaires index has are dropping off the ranking of the world's five hundred richest people after starting the year at, number one hundred and ninety three Three with eight point four billion. Dollars she's currently said to be worth about two point two billion in Hong Kong I'm Yvonne man Bloomberg. Daybreak Asia in the US it was an update for equities the story, from Bloomberg's Charlie Pellett NASDAQ is. At a record while the s. and p. five hundred index, pushed higher for a third straight day stocks rallied on a US European. Trade agreement as for the global outlook, Kathleen Gaffney is director of, diversified fixed income at Eaton Vance management very bullish on merging markets but selectively there's a lot of tension going on in China right now they're taking a very long term view and they're taking advantage of these trade headlines to, make solid relationships with South Africa Brazil all of. Those resources that they need for the long term the s. and p. five. Hundred index up twenty five up nine tenths of one percent the Dow rallied one hundred seventy two points up seven tenths of one percent NASDAQ up ninety one Up one point two percent in New York Charlie Pellett Bloomberg daybreak Asia. And we're. Getting this hothead. Now, over the Bloomberg terminal, nine entertainment will. Acquire Fairfax media in all cash deal will get. You the details on that. Coming up, thirty. Five past the hour let's get. To Sydney now Paul Allen is. There with a look at action in New Zealand in early trading and a preview of what to expect in Sydney good morning Paul yeah morning Doug New Zealand looking kind of flat but it has been much to. This week at the end of may pick up later as it, has done later on the, day on. For the rest of this week is six futures. May modestly. Higher by about point one of a percent and you mentioned ninety detainment they would have been a fair bit of news corporately, this morning keep on MacQuarie group as well at the nNcholas. More announcing his retirement Chamamah Chamara vicar ammoniac will take over on November thirtieth she's been. Mcquarry full thirty years currently hit of MacQuarie group asset management duck all right thanks to Bloomberg's Paul Allen US ten year, treasury last quoted in New York at a yield of two point nine seven percent Yup what we got the second.
Facebook plans innovation hub in China despite tightening censorship
"We both up by about half of one percent of, but there's going to be three from that. And of course was on the bond market is, oh, absolutely. This was the first opportunity for markets here in the states. Rich to react to that moves that we heard about yesterday on the part of the Chinese government, increasing infrastructure spending and taking some other measures. Total support here to support the economy could approach two hundred billion dollars. We did have the Dow higher by about eight tenths of one percent. The s. and p. better by about a half of one percent, the NASDAQ was down a bit less than one tenth of one percent. Some strong earnings at the top of that list Verizon beating estimates. So the Telekom shares leading the broader market higher. We also had strength among energy shares following the price of crude higher WTI, New York, picking up one percent today, we closed sixty eight, fifty three, many of the farm equipment stocks were up as well. This has President Trump pledged twelve billion in aid to farmers hurt by the trade war. Dear was up more than three percent. We're going to have more on that story coming up in a moment after the bell AT and t.. Reported. Disappointing results in its first report since closing the Time Warner deal. AT and t. shares in late US trading down. More than one percent some dollar weakness with the Bloomberg dollar spot index down, one tenth, of one percent interestingly the, yen pullback a bit, as well, lower against the dollar by about one tenth of one. Percent we're trading one eleven to and right now Nikkei futures maybe about eighty points below. Where we finished in the cash market. Yesterday in Japan and the ten year treasury rish last quoted here in New York at two ninety four We've got the Trump administration planning to deliver some twelve billion dollars in aid to. Farmers from I've been hit hard, by dropping prices for, crops and livestock is. China retaliates against you as tariffs with its own terrorists I'm Linda Kevin cirilli says the White House is reaching way back for precedent to help them through this procedure called the commodity credit corporation it was actually founded back in nineteen thirty three as a result of the great depression they're bringing it back. They do not k. word not need congressional approval to get this money allocated so. They're, bypassing with the treasury department having to get any type of rubber stamp through on congress speaking of congress pool Ryan saying he doesn't support terrorism thinks they are taxes there are better tools that we can use to hold abusers of trade laws and people who countries that perpetuate unfair trade practices to get. Them to play fairly President Trump tweeting today the tariffs the greatest well they haven't. Been great for dozens of companies, in that parade includes, world pool Harley Davidson. And Illinois tool works what about the global supply chain good question Abby Joseph Cohen is advisory director at Goldman Sachs she says trade tensions risk causing massive disruptions What we have now are anecdotes more than anything else but we think this. Is. What we need to, be watching so today? In, Washington the Trump administration actually it was the office of the US trade rep, held hearings, and we're going to. Have day two of that tomorrow? On. They proposed, tariffs this would be the sixteen billion on. Additional Chinese, imports to the US rish okay Okay we got to know a president sixty eight bucks seventy cents a barrel of the moment that's WTI crude and rosy outlook from China Petroleum and chemical more on the company and. Sign effect, now. From Bloomberg's Yvonne. Man, centreback says profits surged in the first half of the year, that does higher crude prices helped the company's oil and gas producing units the. Company estimates net income, jumped about, fifty percent from a year ago that will put it. On course for possibly the best first half profit in data going back to two thousand and seven in Hong. Kong I'm Yvonne man Bloomberg daybreak Asia. Well we know that Facebook's apps and websites are blocked, in China but that's not stopping the company from trying to. Open an innovation hub, there the story, from, Bloomberg's Denise Pellegrini Facebook set up a new Chinese subsidiary called, Facebook technology it is registered capital of thirty million dollars according to a filing. With the national enterprise credit information publicity system Facebook says the innovation hub in. Providence And south of Shanghai is designed to, support local startups at is focused on training and workshops to.
Netflix Earnings: Stock Down 14% on Weak Subscriber Adds
"To the Asian trading day and Brian it was up a day that really should. Forget, about for Asia on Monday but we could have a. Bit more of the same, at least with the lucky Tokyo was on holidays. Yeah we could have a forgettable day today to Asian stocks do look set to fall rush about a third of one percent or so that's what the, future is suggesting here in the early going and. Right from Hong Kong to China to Tokyo tech shares led most US stocks slightly, lower and that. Was even before net flicks is earnings we'll bring you the story in a moment net. Flicks missing badly on new subs And the stock did tumble around fourteen, percent or so and that drag other tech, shares lower in late. Trading as well so that. Could be some serious follow on for the next couple, of sessions the dollar and treasuries also declined it was a, surprisingly good day though for financials Bank of America beat on earnings stock jumping, four point three percent and remember this city and j. p. Morgan had pretty good earnings out late last. Week, but the socks did not perform well today they did. They gained just under four, percent oil with the other direction and tank to. Four point three percent amid signs of increasing supply so that's kind of how we're looking here the yield on the ten year at two point eight five, percent ticked up just a little rush Netflix shares. Taking a real beating in late trade down about fourteen percent loss of a check This is off to fix for five point two million users last quarter that might seem, a lot but it's way fewer millions. Fear that had predicted Lucas sure says it's not just what Netflix said it's what that not saying, the biggest in that regard that that they've. Ever had they didn't really provide Metron explanation besides forecasting this is kind, of difficult of course Feel too sorry for most Netflix. Shareholders before these headlines and stuck it more than doubled this year you can add Larry Fink to, the list of influencers who are worried about rising trade tensions the chairman and CEO at black rock. Is forecasting a substantial decline in equities if the US China trade war intensifies well. If we have true tariff wars we'll see. The market's down ten to. Fifteen percent In the latest salvo China has filed additional complaints at. The World, Trade Organization over Washington's proposed additional tariffs on two hundred billion dollars worth of Chinese. Products the International Monetary Fund also warning about trade rules I am as chief economist. At Morris obstacle says the impact of a trade war could be considerable markets may react. On the day something isn't that announced very quickly bounced back and you know I'm not sure. That the possible downsides are fully appreciated I mean markets may think that countries. Will all work this out and go. Back, to normal and I think that's, not absolutely clear given the path that we've seen Outsold also says if the fed hikes too much. Too fast that could trigger problems so, the keeping his growth forecast unchanged now and. There was this other late breaking angle that House Ways and means chairman Kevin. Brady has one that congress will enact. Legislation limiting President Trump's tariff powers unless the administration was quickly to negotiate with China elsewhere panic is roiling China's peer to peer lending. Market we get that story from Bloomberg's Yvonne man. Chinese sabres are rushing to money from the peer, to peer platforms savers spooked by default are even. Showing up at the offices of P2P operators and trying to get their money out as after, reports of defaults sudden closures and frozen funds Shanghai based. Group says, at least forty nine platforms failed in the past two weeks the one hundred ninety. Five billion dollar industry has been contracting to eighty platforms halted operations came Under police investigation, missed investor payments moved into other businesses or. Had operators flee with climb money in June in Hong Kong I'm Yvonne man. Bloomberg daybreak Asia US President Donald Trump and Russian President Vladimir Putin standing side-by-side. Today, agreeing that the probe into the two thousand sixteen election a separated the two countries Ed, Baxter's go global needs in the Bloomberg nine sixty San Francisco newsroom this summit has been..
China Growth Slows Slightly Ahead of Effects From U.S. Trade Fight
"I'm bryan curtis in hong kong let's get you this hour's top business stories and the markets breaking news china's second quarter gdp came in with growth is six point seven percent year on year and that matched estimates china's june retail sales rose nine percent and that was stronger than the estimate at eight point eight percent the rebound in retail sales is noteworthy as it's an indicator of confidence in the wider economy industrial output rose six percent that was a little weaker than the six and a half percent expected and fixed asset investment rose six percent and that was in line china stock exchanges said that they won't allow mainland investors to buy shares with weighted voting rights in hong kong that sent xiaomi shares slumping at the origin of the market so when we opened down about nine and a half percent stock has recovered somewhat to trade down about three percent more on the story from the regulators from bloomberg's yvonne man under the move chinese investors will be barred from trading in shares of dozens of foreign companies and those are the weighted voting rights such as show me the shanghai stock exchanges new exclusion also covers some socalled staple securities that have two or more securities linked together before.
British PM: Trump told me to "sue the EU" over Brexit
"The president cited trade issues with the eu as part of the reason the president also put russia on his list of photos and also china as a photo economically trump is meeting with russia's president of putin and helsinki tomorrow emily baxter along shortly do tell us all about that brian and it turns out that the president also had some advice paul for britain's prime minister on how to deal with the eu when it comes to brexit here's theresa may with bbc interviewer andrew marr he told me i should sue sue the you not going to negotiation susan actually negotiations with may today calling her brexit plan the only viable option and she's calling on voters in lawmakers to get behind it or risk no brexit at all may's policy faces some tricky votes this week in the house of commons china's barring foreign companies and some other securities from hong kong stock link we've got more on that from bloomberg's yvonne man under the move chinese investors will be barred from trading in shares of dozens of foreign companies and those are the weighted voting rights such a show me the shanghai stock exchanges new exclusion also covers some socalled staple.
Chinese Smartphone Maker Xiaomi's Monster IPO Wasn't As Monstrous As People Expected
"Bank and a keycorp winberg's laura j callous as it sounds bad but the banks are still on solid ground this is really only affects their capital pale plans so these banks are still very well capitalized it's just the amount that they're allowed to skim off the top and actually give to the shareholders the fed wants to have that minimum number of capital that's there the quickey that the banks can use in terms of whether a crisis abba comes goldman and morgan stanley still announcing buybacks and boosting dividends j p morgan is still boosting its dividend and bank of america shares higher in late trading after passing this round of stress tests with flying colors as announced to buy back and a dividend hike deutsche bank though failed the fist public stress tests of its combined us business china's h and i go issue banks biggest sheldon nike shares are up nine percent in late trading the sneaker company reported its first north american sales gains since two thousand seventeen limburg's matt townsend says investors like the way nike has moved to address its problems mixture of sort of just quitting inventory and pairing down some of the distribution to focus on the most profitable ones nike has also come out with some good news about china quarterly sales there jumped thirty five percent of course we have been tracking developments on xiaomi and haret's ib oakland's going and we've got more from bloomberg's yvonne man institutional investors are focusing their orders for the smartphone makers ipo in the lower half of the marketed range still the ipo's arrangers say bookings for this massive ipo in hong kong continued to be oversubscribed and the company is making meaningful progress from global long only subscribers meantime more details coming in on what went wrong with plans for its mainland listing we're being told stubborn regulators and lack of clarity from the central government made it to challenging for shall means timeline the regulators are said to be worried the depositary receipts were be priced too high meaning individual investors could get wiped out if things went south in hong kong i'm yvonne man bloomberg daybreak asia to trade war is now white house adviser peter navarro appears to be toning down the trade rhetoric on china sort of more on that from bloomberg's denise pellegrini navarro is known as a china hawke who favors a harsher approach with beijing on trade but speaking in washington he now says president trump has made it clear he's a free trader and all the president is trying to do is level the playing field navarro does say china's steals technology enforces technology transfers and also says his office has a swat team us companies can reach out to with specific problems but his new report how china's economic aggression threatens the technologies and intellectual property of the us and the world also says deep structural changes to china's economy will allow us companies to compete more fairly denise pellegrini bloomberg daybreak asia well gunman i've been fi at newspaper in annapolis maryland killing five people at baxter's got global news in our bloomberg nine sixty san francisco newsroom yeah fall right to five people lost their lives others have been injured suspect in custody maryland senator ben cardin says it is very very hard to understand this is a newspaper which is a local paper is not a controversial editorial policy it covers local news capital gazette building has been secured although now saying that they also found what they believed to be an explosive device the white house has responded sarah sanders spokeswoman saying strongly condemned the attack on innocent journalists china's strongly protesting australia's brand new national security legislation bans covert foreign interference in domestic politics it mandates foreign governments registered to provide more transparency it also makes industrial espionage crime china says it poisons china australia relations children moved from their families and placed an institutional care are at greater risk of being trafficked that is from a state department report which ranks governments in the efforts to combat slavery and flesh trade it leaves the trump administration open for accusations of apocryphal in light of its zero tolerance policy at the southern border secretary of state mike pompeo human traffic is a global problem but it's a local.
Radisson Plans to Triple Rooms in China Despite U.S. Trade War
"Glitch made it difficult for shareholders to trade as the company made its public debut zuo was the lead manager in the ipo and says the crash was due to a net failure india's central bank says bad debt the nation's lenders is said to climb to new to dorn should i say near two decade high financial stability report saying that the industry's groups bad loan ratio may increase the twelve point two percent by march twenty nineteen that's up from eleven point six percent of the previous year the highest this century in these banks are already struggling with some two hundred and ten billion dollars of stressed assets radisson hospitality is moving ahead with plans to triple its capacity in china over the next five years that's despite its expectation that a looming trade war with the united states will hurt travel demand in the country we have details here with bloomberg's yvonne man john kids ceo at radisson says trade tensions could hit corporate travel especially hard and put pressure on room occupancy rates for eight to nine months but after that he says the picture will brighten and demand will rise faster than hotel rooms are being built madison currently has fifteen hotels in china was sixteen more under development and it's on expanding in second and third tier chinese cities madison is currently majority owned by china's a group h and a gain control through its acquisition of carlson hotels in hong kong yvonne man bloomberg daybreak asia all right let's get a close up but what is happening in financial markets and what the trading day in the asia pacific holds that he doug krizner dot yeah russia's kind of interesting because i'm looking at nikkei futures now the contract that trades in chicago is only a bit lower from where we closed in cash yesterday in tokyo the chicago contract twenty two three twenty in tokyo we were at twenty two three forty two in the last session it's interesting because the yen weakened quite a bit during new york trading the dollar was higher and the nfl about three tenths of one percent we are trading now in dollaryen with a one ten handled one ten zero five the equity market was up yes but we finished off session highs and i wonder what it would have been like worth not for the crude oil story we had a rally in wti in new york we were up by three point six percent in the regular session to seventy fifty three that's after the us pushed allies to cut imports from iran two zero by november fourth now president trump we've been talking about on the program that he may be less confrontational in trying to get the investments that chinese companies are allowed to make in the us curbed a bit we can talk more about that but it's going to be very interesting to see what we have in both china and hong kong a little later one day after the shanghai composite entered a bear market let's get to sydney now see what's happening in new zealand and preview the osce session as well paul allen is there could morning paul moaning doug gear we ended off a tenth of one percent cried now asx futures also looking weak by about a quarter of one percent the materials sector might see at boost today as you mentioned there a rally in the price of oil we've seen a rally in the price of iron ore as well so we saw a boost to us listed shares of rio tinto and be hp the aussie dollar meanwhile has finally slumped back below seventy four cents now it's seventy three spot ninety two all right thanks to bloomberg's paul allen two year treasury last quoted to fifty three the ten year or two eighty seven so thirty four basis points and that spread between the two and the.
Hong Kong shares sink to fresh six-month low - Nikkei Asian Review
"And microbusinesses they cut applies to major state run commercial banks jointstock commercial lenders postal bank's city commercial banks and rural and foreign banks as well in hong kong i'm yvonne man bloomberg daybreak asia and the issue this been calling the tune in many asian markets of late trade issues could get a little bit more intensely in scrutiny this week the treasury department set to announce limits on chinese investment june twentyninth bloomberg's roz krasny in washington says things are fluid here but she's getting some word on how it might all unfold the us may declare what they calling an economic emergency to basically clamp down on beijing's very each fold looking investments in areas like aerospace robotics and new energy vehicles this use of the international emergency economic powers act of nineteen seventy seven would be part of the trump administration's response to china's alleged theft of us intellectual property and remember that on july sixth the us is said to impose tariffs tariffs on some thirty four billion dollars of chinese goods and both sides the threatening more tariffs in tit for tat action there david now one thing though at least that's down theme here the us corporate apparently do not have to worry about is having their china operations targeted by beijing we're getting reports from the south china morning post this morning saying that the chinese government has actually no plants single out us companies for retaliation as these trade tensions escalate and it says president xi jinping met with top executives at goldman sachs ups and pfizer last week to reassure them that he was companies are still welcome to do business in the country well the past two weeks have been ugly for asian stock markets but the sell might have gone too far bloomberg's rishaad salamat has more i know it's risky to say so but that's what i meant indicator is hinting equity gauges in china malaysia thailand singapore and the philippines have entered oversold territory relative strength index has fallen below thirteen that's usually a signal that losses have gone too far the shanghai composite just completed a fifth weekly plunged with the spectrum of obamacare looming last time are sl levels were here we saw a four and a half percent jump in two weeks so if the past is prologue abounds is coming in hong kong i'm rishaad salamat bloomberg daybreak asia now.
Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War
"They cut applies to major state run commercial banks joint stock commercial lenders postal bank's city commercial banks and rural and foreign banks as well in hong kong i'm yvonne man bloomberg daybreak asia well look out for some more fireworks on trade issues this week's that's what we're saying this morning the treasury department is set to announce limits on chinese investment on june twentyninth bloomberg's roz krasny in washington says things are fluid here at the moment but she's getting some word on how this all might unfold in us may declare what they're calling an economic emergency to basically clamp down on beijing's very each fold looking investments in areas like aerospace robotics and new energy vehicles this would be part of the trump administration's response to china's alleged theft of intellectual property and the limits on chinese investment may be rolled out in phases and we have to remember as well that on july sixth the us is set to impose tariffs on thirty four billion dollars in chinese goods both sides of threatening more possible tariffs in tit for tat move rish.
"yvonne man" Discussed on Bloomberg Radio New York
"For illegally shipping equipment to north korea and iran from washington bloomberg's ben brody says geopolitics may have prompted president trump's reversal it does seem to come in the context of the trade talks between china and the us and it also seems to come in the context of the us talking to north korea in the coming weeks and certainly china's help is useful there nonetheless i i think a lot of people are kind of scratching their heads here president xi jinping's top economic advisor leo who will be in washington and the white house now says it has been in contact with china on z t e and on trade well there's been some chatter about china's economy possibly slowing down and if that's really happening it could be the way to say it maybe not more from bloomberg's yvonne man chinese eco data out this week our forecast is showed the expansion holding up industrial production retail sales fixed investment and the new jobless rate all come out in beijing tomorrow morning april factory output is expected to rise six point four percent from a year ago retail sales are expected to have grown about ten percent just a tad less than in march and investment growth year today probably slowed slightly to seven point four percent still communists at ubs say headwinds could gather in the second half of the year on u s china trade friction and goshi actions that may become prolonged in hong kong i'm yvonne man bloomberg daybreak asia well steel prices in china have weakened this year following a two year bull run and that has hurt listed steel companies bloomberg's rishaad salamat has more we're seeing soft demand at the time when investors are looking for a rebound that's conspiring to cost shatter listed chinese steel companies still rebar prices have fallen fifteen percent from.
"yvonne man" Discussed on Bloomberg Radio New York
"Let's get the details from yvonne man ha is facing new concerns about its ability to refinance shortterm debt it's debt low ballooned to nearly thirty billion dollars as of last summer that's according to the latest data compiled by bloomberg and now s p says there's at least a thirty five percent chance h and they will default within a year as a faces rising borrowing costs but nikko asset management asia says a default is not likely to be a basecase scenario as as if china's government did not want to support each day it would have already told banks to cut off the company's credit in hongkong i'm yvonne ma'am bloomberg daybreak asia all right as i mentioned earlier earlier was a mixed session for the us equity market let's kick the ramp from bloomberg's charlie pellett in this wall street rap look down s p lower nasdaq higher as white house officials left open the possibility that president trump's tariff proposals will spare neighbours from the most severe penalties investors were also reacting to the departure of protrade adviser gary cohn jim karen is fixed income portfolio manager at morgan stanley investment management so while there is an immediate reaction in asked this is you know does create some uncertainty it's abolish hillary the markets i would argue that if i look at it from a more largerterm fundamental perspective that the heavy lifting gear gary cohn already done a lot of the heavy lifting from a you know from a tax reform standpoint which is really what's been helpful to the broader economy sp 500 index down of point little changed the dow down eighty two down three tenths of one percent nasdaq up 24 up three tenths of one percent in new york charlie pellett bloomberg daybreak asia and it was mix there it's fairly more consistent here the asia pacific in the early goings bryant what do we have we're looking pretty solid here in the asiapacific with the nikkei up a hundred and forty six points to gain of more than twothirds of 1 percent australia's higher by fourtenths of a percent we'll get to paul allen just a moment and the kospi with gains but a third of one percent bloomberg daybreak asia is brought to you by sector spdr etfs why by a single stock when you can invest in the entire sector visit sectorspdrscom or call one eight six.
"yvonne man" Discussed on Bloomberg Radio New York
"Of the debt into new equity the move saves noble from bankruptcy but hands over control to creditors and all but wipes out current shareholders remy in asencio bloomberg daybreak asia i want to correct something i said earlier poll uh steve wynn is still the chairman of wynn resorts he stepped down as the finance chairman of the republican national committee or at ten st lee getting a five point four billion dollar investment umbanda commercial properties more from bloomberg's yvonne man 10 said giddy dot com suna china and the alibaba back soon in commerce are taking a fourteen percent stake billionaire one jiang lindh's company wander commercial will be renamed and focus on managing commercial properties as it continues to sell assets to pat down debt as for the tech companies they want to use technology to overhaul wanda's brick and mortar shopping malls in hong kong ivy von ma'am bloomberg daybreak asia all right brian curtis' era 34 past the hour to give us so the latest on market action in seeing are stronger dollar higher bond yields at least where the us 10year notice concerned and week stocks in the pack rim yep absolutely uh the nikkei at the moment down 100 and 52 points a drop of almost twothirds of one percent hongkong is down by 22 points so less than a tenth of a percent and the kospi and soul is off about a tenth of one percent so the losses are fairly small fractional here at the moment but we did see quite a little bit of selling yesterday and we'll see whether or not this turns into a fullblown correction whether or not it's just a little rebalancing and little tweaking here at the end of the month i do have some sobering thoughts doug for you from low jiwei who is the former finance minister of china he said china faces a significant risk averse systemic financial crisis because of the finance industries complex structure and irregularities now the chairman of the national council for social security fund he says that china's financial system has been severely distorted by numerous derivatives such as ptp so referring to 'peertopeer lending there and payday loans as well as fund pools we will see a lot of key data from china this week and also from the united states as well the state.
"yvonne man" Discussed on Bloomberg Radio New York
"The details from bloomberg's yvonne men real capital analytics and cushman in wakefield say deals by chinese investors plunged sixty six percent last year to five point nine billion dollars that's as beglitis crack down on capital outflows and cushman says it expects singapore to continued to be the single largest source of asian investment with data centres student accommodations and logistics infocus still singapore would have to work hard to be as big an investor in us as china was is 2017 investment in the us last year was just a little more than half what china's was the year before in hong kong i'm yvonne ma'am bloomberg daybreak asia well here in the straits is going to be a very big week for both the equity and bond markets looks good a preview now from bloomberg's charlie pellett back to work with us equities at a record and wall street bracing for a flood of earnings reports including the biggest names in technology david lubavitz is global market strategist a jp morgan asset management and he sees tax cuts boosting bottom lines in the longrun stocks follow profits and the biggest thing the administration has done to prophets recently as pass this new tax bill you know that's gonna did a doubles are estimated growth rate for earnings in the coming years so i think we have at least twelve more months of pretty solid if solid performance out of risk assets before other factors could come into play and start to depress thera depressed their levels one of the most closely watched earnings reports this coming week will be from apple but will also be hearing from a number of other technology giants including microsoft alphabet facebook and amazon in new york charlie pellett bloomberg daybreak asia are h thirty four past the hour brian curtis' here charlie forgot to mention alibaba that's a big number where you are in the coming weekend then for bond market uh folks we've got the fed meeting we've also got the quarterly refunding announcement from the us treasury and at the end of the week the jobs report so a lot for markets to digest in the coming week a lot of people might have missed this bed alibaba was up six eighty nine six dollars ninety nine cents three point five percent in friday's session out trading above two hundred five dollars so big and you guys mentioned.
"yvonne man" Discussed on Bloomberg Radio New York
"Its fullyear spending target we get that story from bloomberg's yvonne man sihnaouk is now aiming for 2017 capital expenditures of nine billion dollars almost fifteen percent less than a high end of its previous target but walked back comes after ray raised it annual spending target earlier for the first time since the oil crash began has also reporting third quarter revenue jumped seventeen percent that output slipped to a threeyear low in hong kong man bloomberg daybreak asia die way was securities is a stokes said he would join when the session gets underway into you up to second quarter profit that rose to the highest in two years this with visas from bloomberg's dreamy innocence here die was profit rose as underwriting fees and brokerage commissions made up for a slump in trading income the japanese bank reported net income climbed four point nine percent from a year earlier to two hundred eighty million dollars the firm will buy back as much as three point one percent of its stock the increase in brokerage commissions suggests the firm is beginning to benefit from japan's stock market rally rainy in asencio bloomberg daybreak asia all alrighty this week in japan it is the tokyo motor show and it is there that nissan told us the company may have to boost you us production by 2020 to that's according to the chief performance officer jose muna's flurries low balfe that if we continue to grow at the pace that we have a role in the last two years at four point for sure in the next week we would have risk of us we have not enough with anything but even may not fully happen over the next thing now nissan is set to announce its next midterm plan on november eighth millennials tells us that the company is also as addressing and assessing the impact of improper vehicle inspection that were made in japan but he thinks japanese sales will recover within this fiscal year rich commerce secretary wilbur ross's pouring cold water on prospects fool substantial progress on key trade issues when president trump visits china next month details from bloomberg zinni's where.
"yvonne man" Discussed on Bloomberg Radio New York
"To curb foreign investment and capital flight iras pang analyst at ing says even though the expectation has switched to yen appreciation regulators are still unlikely to relax curbs on capital outflows anytime soon yvonne man bloomberg daybreak asia hong kong well a couple of said officials say that soft us inflation may be a little bit softer than hope 10day include james boellard president of the st louis ted still he says the fed is focused on unwinding the balance sheet and will possibly tell us more in september i think we're going to be able to get going on this process is going to be very slow i don't think there'll be a lot of impact on markets but i do think it's the right thing to do and i would support to getting going on this process in the meantime minneapolis said present neil cash qari chimed in with a similar theme on weak inflation he noted that ensue shin has been coming up short relative to the feds two percent target dump we go to china next to her some property developers have seen as much as a four hundred percent runup in their shares others however have seen their shares dropped like a stone we have more from bloomberg's rashad salama it it had to end sooner or later of an enormous run try to ever grunge as a now leading the way down as a who was the top of woman in the msci all country world index over the past twelve months but since the twenty seven the shares of slumped twenty two percent a grand another developers have tumbled in the past week as investors that china's tightening campaign will bite still others you just piled annual probably smiling a gauge striking the developers is still outperforming the broader market with a sixty five percent gain so far this year shall salama the bloomberg daybreak asia honglo well we're told that president trump plans to wait at least a week possibly longer before moving ahead with a trade investigation of china on intellectual property violations and it's been instruction officials says that's after chinabacked un security sanctions on north korea now the official says the white house wants to encourage china's cooperation on dealing with north korea and its growing military capacity the remains concerned about whether you us perceived says chinese violations of intellectual property and interestingly at the.
"yvonne man" Discussed on Bloomberg Radio New York
"As mainland chinese investors were increasing amounts of money into hong kong's biggest shares through exchange length and they they're out coo at delta asia securities says reliance on just a few good stocks could set the stage for a correction yvonne man bloomberg daybreak asia hong kong well let's other good carlyle group at zipping to boost its deal may king in india or that from a very own remy innocence here carlisle is scouring indian financial services healthcare and industrial companies as well as telecom media and technology and managing director neeraj rod wash says returns on investment in india are high right now in deal size one hundred fifty million two two hundred fifty million dollars are the sweet spot data from karlau show by all deals have increased to a fifth of total private equity in the past twelve months from about six percent five years ago rainy in censio bloomberg daybreak asia toyota and mazda planned to open a one point six billion dollar factory to produce the corolla along with a mazda crossover starting and 2021 this brings four thousand jobs with the investment and as bloomberg's denise pellegrini reports mississippi may be the front runner for the first auto assembly plant announced under president trump mississippi already has the corolla factory in locating the new plan in or near blue springs would enable toyota and mazda to source parts from nearby partners meanti mississippi governor phil brian says he is prepared to do it it takes to land the steal his predecessor wu toyota with nearly three hundred sixty million dollar incentive.
"yvonne man" Discussed on Bloomberg Radio New York
"To thirty billion dollars ten cent is already a backer and we'll be participating in this round natoun is building its war chests as it tries to compete against rivals backed by alibaba the stakes may be huge internet consultant i research says revenue from these services including things like grocery delivery and movie ticket bookings and massages may reach two hundred thirty billion dollars in twenty 18 yvonne man bloomberg daybreak asia hong kong the trump administration is considering moving to punish china for failing to crack down on intellectual property theft this would involve invoking the rarely you section 300 one of the trade active 1974 last used in two thousand ten and what it would empower the united states to investigate chinese trade practices and impose sanctions including tariffs within months max baucus former ambassador to china says it's important the united states stand up to china on trade poor not with them push us around they then i think would be all the more easily because i respect us but michael froman former us trade representative says it could be a tricky strategy they want to impose tariffs and they don't go to the world trade organization than it gives china the ability to impose tariffs on us sorta take retaliation against us that they want to have some other part of restriction while depends on whether it violates our wto obligations and whether we've gone to the wto for the ability to get that done and the white house is also said to be unhappy with how china in their eyes forces overseas companies to share their technology in return for access to china's market right and china meanwhile wants to avoid the fate of japan's zapping busting in the 1990s and has launched a probe to learn more bloomberg's 3shot salama the ports from our hong kong bureau the probe covers a wide range of topics a person familiar saying that they range from the plaza accord on currency to a real estate bubble to japan's aging demographics one key recommendation emerged the need to curtail a global buying spree by the country's biggest private companies ensuing crackdown in sned unbuttoned insurance dalian wanda h today group folsom the fear is the top dealmakers of board too much threatening the.
"yvonne man" Discussed on Bloomberg Radio New York
"National fanatical work carpenter heard to guarantee of guti regulator did not identify the root properly and conway for openingup and reform of the financial sector it appears that has been dumped down the priority list of david gold after perc serving the real economy and second preventing even engelbert daybreak asia we mentioned that we're getting lots of china data today we're getting a gdp numbers nelson duster production in such let's get details here from bloomberg's yvonne man secondquarter gdp june industrial production retail sales and fixed asset investment all all coming out at and beijing time and these numbers will give us some clues about whether official attempts to curb leverage without her in the economy are working economists survey by bloomberg estimate china's economy expanded six point eight percent from a year earlier meantime industrial production in fixed asset investment are forecast to have held up but retail sales growth is forecast who have slowed down yvonne man bloomberg daybreak asia will president trump has been holding theme wake events to focus on his agenda lim beds justin in says the focus this week is domestic manufacturing on monday brent invited companies from all if you're a white house you will show off arctic america the made in america wake will also include asking more us companies to make products at home and the president will travel to the genia for the commissioning of the uss gerald ford aircraft carrier at the same time investors are also watching to see if the president proceeds with efforts to impose as tariffs or quotas on steel imports something that trump said last week he's considering well take a signal at some corporate news uber backers are said to be discussing a stock sale to softbank and other potential investors will merge peter els from says it's a surprise however softbank and its leader avalon of cash to put to work masayoshi son is the dealmaker who never sleeps you know he continue needs to press for deals he made the worst investment ever in dd and reference there to a five billion dollar investment in china's rideshare companies dd chew ch'ng at softbank made back in may now for the talks with investors mark a major turning point the fact that some of its earliest backers now want to reduce thursday eggs might suggest that recent scandals are hurting sentiment about the company the deal with softbank and others by the way could also include an injection of new investment money will.
"yvonne man" Discussed on Bloomberg Radio New York
"Up to eighty three percent at least two masic as the only other investor and it values lozada at a total of three point one five billion dollars that is home to tariff is shaping up to be the next battleground for ali baba and its rival jaidee dot com outside singapore lozada also operates in indonesia malaysia the philippines in thailand and vietnam amazon has not voiced its intentions for southeast asia the analysts expected to make a push in the region as early as this year yvonne man bloomberg daybreak asia hong kong is six minutes past the hour time for global news china's president xi jinping due to arrive at hong kong's airport at about noontime here it's part of the celebrations of the twentieth year after the handover are at baxter's covering global news from our bloomberg nine sixty newsroom ed right brian and as you and julia no city under tight security control memories of the democracy protests three years ago that created some major disruptions but this is seen by jonathan fenby of t s lombard as a president who has control loud any uprising got more power the power within each of these legal since mouth is accumulators far right across the goes all at all costs the refreshing o of sudden point about your position president she's expected to deliver a warning against hong kong local is against challenging beijing's authority while emphasizing the benefits of closer ties hong kong's first chief executive officer tongchou wa tells bloomberg betty lu that he thinks there's understanding now what hong kong needs mr trump understands hong kong people would like to see.
"yvonne man" Discussed on Bloomberg Radio New York
"Filling us in some of the details bloomberg's david mccombs joining us from our tokyo bureau now we also have confirmation that actively most investors dan lobes hedge fund is targeting nestle the world's biggest food company third point has invested more than three and a half billion dollars in holds about forty million shares the fun says it intends to pursue changes at the swiss company with a greater sense of urgency now these include selling a stake in lower royal increasing leverage for share buybacks and reviewing its overall portfolio and he will come resorts employee's we'll be in court in shanghai today more from bloomberg's yvonne men the nineteen are charged with illegally promoting gambling in china and this is the chinese government's most public warning yet to foreign to see leaders attending two lire chinese citizens overseas to gamble the australian company controlled by billionaire james packer scaled back its international offices used to attract chinese gamblers after the group was arrested in october and crowds vip business has taken a hit since then to head of international high roller operate asians and others have not yet entered pleas nineteen face up to three years if convicted yvonne man bloomberg daybreak asia hong kong all right six and a half minutes past the hour more than ninety people still missing after a mudslide in china are dug christner has that story and the rest of the global news stuff fly it is happened in the southwestern portion of the country rescuers have recovered ten bodies after a massive landslide buried a mountain village in sichuan province now as of sunday evening of the ninety six people missing three that would be a couple and their monthold baby were rescued tragedy in eastern pakistan a tanker truck exploded afterward wrecked initially the truck ran off the road overturned and strongly league that's when villagers raced to the scene with fuel cannisters to gather oil the truck then exploded and killed more than one hundred fifty people hospital officials say dozens more are still in critical condition and then we go to north korea where on sunday three jones of thousands of people act pyongyang central square to mark the anniversary of the beginning of the korean war north korea calls it the day of struggle against us imperialism the rally is an annual event this year marks sixty seven years yomiuri news reporting that japan is now seeking to equip he f thirty five fighter.
"yvonne man" Discussed on Bloomberg Radio New York
"Will toll throughout orlando as residents reflect on the forty nine patrons killed during a massacre at the pulse nightclub one year ago tomorrow for surfaces will be held starting early monday through the next twenty four hours as mp features down appoint an aspect teachers on five the dow futures down sex game cates iran courtesy in hong kong let's get you check of this hours top business stories and the markets asian stocks are falling this morning following the sell off in us technology shares on friday samsung electronics a c technology and apple supplier and ten cent are leading the declines the losses her about one point two to one point eight percent or about half of all we saw on friday in shares like apple and facebook us stock futures are little changed at the moment here in asia the cosby is down not point eight percent the thai x is down uh 5 percent and the nikkei is off zero point three percent investors are waiting to hear from the federal reserve this week on a possible interest rate hike the fed is also been talking about shrinking its four and a half trillion dollar sheet but investors still have china's five trillion dollar hor to consider bloomberg's yvonne men reports more than seventy percent of the mr bad bloomberg say they expect china's balancesheet to be the same size at the end of the year as it is right now or maybe even larger being sean chief economist at standard chartered is among them he tells us the growth in the broad money supply in china is still behind the government's target and thinks china is at least two years away from balancesheet.
"yvonne man" Discussed on Bloomberg Radio New York
"Colleagues in hong kong i'm sorry kathleen hayes betty lu and yvonne man will be speaking with st louis fed bank president james bullard in advance of his speech before a one he's making a speech i should say at keio university in tokyo we're going to be talking about some of the comments that we got from abc it'd be president mario draghi along with remarks from his colleagues san francisco fed brank president john williams he told an audience in singapore last night that a total of three rate increase increases in terms of the fed funds rate appears to be sensible he also said that he sees a much smaller fed balancesheet in about five years and that the unwinding process could start with baby steps later this year and again uh the 10year treasury last quoted on friday and the states to twenty four of the market will begin resuming a resume trading again at the top of the hour when we get the tokyo session up and running of dollaryen right now one eleven twenty six futures on the nikkei the chicago contract is still trading flat right talking at keio university of course at a time when the b o j's handling is only is any the jobless rate very very allow two point eight percent the job to application meaning a hundred and forty six jobs one hundred applicants that's a lot and still they have a hard time kicking inflation out dog they do indeed we'll have to see.