the u.s., canada and mexico are not there. the u.s. domestic political situation is divided over nafta and the trump administration's approach. we would be very shocked if we got word of a deal today. so it looks like no congressional consideration of nafta this year. >> what does that mean for the negotiations, for how this plays out in the coming months? >> it looks like we're going to be in the long haul. it's interesting that president trump's approach to trade and his trade representative bob lig lighthiser, they agree with some groups on the left in terms of the need for changing the way the international trading system works, rebalancing it towards american workers, even if that means getting rid of some of the trade at the order. >> this is william's story from this week in "the wall street journal," as nafta deadline nears, here's four scenarios that could up fold. take us through them from most likely to least likely. >> a little bit has changed sense we're about to hit this deadline. but the most likely thing is that talks c

turn the u.s. president wants to rescue the chinese tech giant that he set out to destroy republicans are baffled about the pledge investors hope this will ease trade tensions also coming up with the u.s. pulling out of the iran deal russia china and europe all want to feel the business forward but what cost. on the french rail such strike saga continues and just got worse all the french government buckle under the pressure of commuter chaos. this is your business update on how the home for. you could join me talk about eight earn around after banning american suppliers from doing business with the chinese tech giant u.s. president donald trump now says he wants to save the company it relies heavily on tech made in the usa trump says he's instructed officials to come up with a rescue plan saying too many jobs are at risk with a pledge of a rescue plan has sparked consternation from lawmakers from both sides of the political spectrum most of all though it's raised the question why. just one month ag

jobs directly and nearly one hundred thousand u.s. jobs in the u.s. aerospace value stream for the food course of deliveries jobs jobs jobs no more future deals go on existing contracts scrapped u.s. workers on your bike so who take their place iran's already struck billion dollar deals with russian play makers suing china's all over iran like a rash huge energy deals you railroads and in cold hard cash iran has a strategy. of alliance with the russians and the chinese if. the europeans leave if. american companies leave what happens is that iran is going to substitute the u.s. with russia and china the outrage was palpable on the streets of tehran as thousands turned out to denounce president trump a decision to tear up the iranian nuclear deal. i was was. was. was. following washington's criticism iran fired back saying the u.s. itself has never fulfilled its commitments under the agreement struck three years ago the host of archie's going underground afshin rattansi discussed this with lord . roth our ham a former member of the u.k. parliamentary g

according to u.s. law it is illegal for u.s. personnel to be involved in torture however those protections are much less stringent when it comes to surrogates or u.s. allies actually carrying out brutal acts the u.s. has been supporting the u. the u.a.e. and saudi arabia in their battle against who's the rebels in yemen for about the past three years. all the associated press investigation says secret prisons are in military bases ports and airports vein and even a nightclub some detainees have been flown to an m. iraqi base across the red sea in every tree in u.s. defense officials acknowledge u.s. . involvement in interrogations to a.p. but denied any knowledge of human rights abuses former inmates described being crammed into shipping containers blindfolded for weeks on end and smeared with excrement at the main detention center at riana airport in the southern city of mccullough they said they were beaten trust and sexually assaulted well let's bring in our guest now for today's inside story joining us in beirut is christine

according to u.s. law it is illegal for u.s. personnel to be involved in torture however those protections are much less stringent when it comes to surrogates or u.s. allies actually carrying out brutal acts the u.s. has been supporting the u. the u.a.e. and saudi arabia in their battle against who the rebels in yemen for about the past three years let's pretend dress craig he's an assistant professor at the defense studies department at king's college london and he's running as via skype how significant is this congressional vote. it is significant in that the american public needs to know what what the rule of the united states troops in that area is at the moment because nobody really knows on the other hand in terms of bringing an end to what is going on on these black sites i mean there's been a lot of evidence coming out of the last year suggesting that there are a range of different sorry it's operating in these present so u.s. as is not directly involved in actually setting up or running these sides because black sites h

as u.s.rry there will be some risks in these sectors that we don't have good data on, that we don't have good data on, that we don't regulate as good as banks. >> [indiscernible] when the bank goes out, you see where they are rocks are. [laughter] again, that was kristin forbes with kathleen hays. now a quick look at the business flash headlines. forecasting 1.6 u.s. dollars as mobile sales rise. fourth-quarter net income was $583 million u.s.d. says thergan stanley new global shipping rules will support oil prices for the next two years. it is taking brett perhaps -- brent to $90 in two years. analysts see that boosting demand and triggering the need for more crude in general. prices are already at the highest level since 2014 as global supplies continue to tighten. betty: mitsuibetty: is close to taking a stake in a major offshore wind farm in taiwan. the japanese trading house is in it.nced talks to acquire is still in the planning stages -- it is still in the prestigious. david: 21st cent

given all this news between u.s.na trade sanctions and the 10 year yield at 3% and now, this iran news, will he or will he not leave this deal? are returns cap at this point in the market? what is the expectation here? ben: i think what you are looking at is you have negative returns and equity markets and bonds. with positive returns in commodities by and large, and it looks at this idea of stalled inflation. is not benefiting equities are bonds, and i think this bounce we're dealing with depends upon three factors. the correlation between the dollar and oil price, which is off. and it is translated to u.s. interest rates. but markets are assessing is there's going to be a limit at some point you cannot have coexisting strong dollar and strong oil and just rates at these levels at some point these will change, and therefore the coming period after this iran deal negotiation, if it happens, we'll see shifts of changes that will change the returns of equities and bonds. ben, bloomberg view columnist, thank you for you

the u.s. details its demands. trump changes his story on stormy daniels, admitting he did repay #any. >> and not cool. tesla tumbling after you unmask had brushed off questions about cash flow during the conference call. >> hello from sydney where it is just past 8:00 a.m. --s is day back australia daybreak australia. >> i am betty liu. we are going to look at how all of the action on wall street plays into the trading session. paul, let's take a look at how the u.s. markets closed. we saw the markets trying to ounce back from the lows of the session, digesting the fed statement, tech shares leading this rebound in the markets. the dow ending marginally higher. the s&p and nasdaq closing lower. keenane on the close, su is here and of course we've got the jobs report. what was interesting, we came 1% off the low and it looked like we were trying to rally to positive. we did see a gain in the dow. we do have a little bit of trade talks along with earnings. what does the fed meet with inflation c

it provides forces to the rok -u.s. command. u.s. forces-korea has no command over rok forces and it is an administrative order. on the korean side, you have the rok case of staff which controls the entire rok military. when decisions are made in conjunction with the minister and secretary of defense, they will provide forces, korean forces and u.s. forces to the u.s. forces combined forces command in order to raise the readiness level to be prepared to meet a threat. u.s. forces-korea provides forces. of u.s.ander forces-korea wears a fourth cap as a member of the military committee and he has a complex job. it is very confusing to all of us. those of you in korea know that the press talks about u.s. forces-korea. that has no role over rok military forces. it is the combined forces command and general brooks answers to the military committee. the military committee is made up of representatives of the national command and military authorities from both countries, -bothchairman chairman's, the secretary of defense and general brooks.

u.s.quities because we have seen some key technicals when it comes to the s&p 500 and the dow jones. the s&p 500 has dropped below the 200 moving day average. and the dow jones has stayed the same. have hadsked that we such a bumper season in the u.s. had such a bumper season in the u.s. 500 did recoup. we are not getting a lot of direction. we wonder if the jobs report will give the equity market some direction. i have asked a lot of people by the equity reaction has been lackluster. some point to a late cycle. some point to the earnings. taken aboutit has two hundred days on average for the s&p 500 to recoup its losses after a loss. if we follow that template, the 20 12 correction come in the shortest one, the s&p 500 will not set new highs until early july. for now, let us get the bloomberg first word news. here is haidi lun. u.s. treasury secretary steven mnuchin has sent the delegate -- has said the delegation has had a good amortization with their chinese counterparts. for is the sec

the u.s., we get this other shot of growth coming from tax cuts, and we have this reset going on. the market was on a one-way run higher over the last two years. record low volatility, but now the central bank theme is very much in play again, and to me, the markets come down to earnings and interest rates. in the u.s., interest rates are booming. at 24% wrapped up growth, which is amazing nine years into an expansion, but the interest rate part of that equation is coming up. pressurehis increasing on yield spreads, and that is pushing the dollar up, creating some pain in emerging markets. reset.ave this liquidity financial conditions are tightening again. everyone is wondering how far the fed has to go to truly normalize or tighten policy, and of course nobody knows the answer. with an earnings boom a known entity, the other side of the equation -- the interest rate and liquidity side is really where the battle is being fought. that keeping a damper on the earnings boom? people ask me why are

betty: on the u.s.na trade front, i'm sure you with all of us are watching the tit-for-tatth, the you are seeing between the u.s. and china. do you think this is a new paradigm, and new normal perhaps , that we would just have to be at peace with, which is we will be in it for the long haul with continued dialogue on u.s.-china trade, which escalates on some days and the escalates on other days? -- de-escalates on other days? >> the world is not static. the world is very dynamic, with changes of leadership, different features, economic changes. there is a state of flux at what is happening at any point in time, but i do firmly believe that the best way every can turn country can make a contribution to peace, stability, and prosperity come is to ensure we maintain open lines of dialogue. that is what australia does, engage through a multitude of international forms, g20, apec, and others. if that means there is a list till the come to factor that in. that is not new. that has always been the case. you ju

this after u.s. president donald trump announced in one fell so that not only was he putting the u.s. out of the iran nuclear deal but also he plans to reinstate sanctions on the country as well as those party to the deal and working with iran. germany, france, and the u.k. will remain committed to the agreement to protect their business interests in the region. reporter:. one has revenues of 130 million euros after contracts with iran surged soon after sanctions had been lifted. the existing project will be completed as far as legally possible. play maker airbus. the contract for 100 airliners now hangs in the balance. olaf promises to protect european commercial interests. we cannot predict at this point what we can do as the european union. we are in continuingalks in order to progress on that issue. reporter: they had also been banking on business with iran, they begin exporting in 2017. the nuclear deal came into force. cracks now we have to see a realistic approach doing business with iran. who

sanctions target saying iran the u.s. president donald trump is trying to slap sanctions on firms that do business with iran and he's naming names. has some gotten j.t. and checks the news several times a day to rein in entrepreneur is currently in germany visiting his business partners. he sells medical technology and is also involved in the computer industry . donald trump's decision to withdraw from the iran nuclear deal comes up at every business meeting how will the e.u. react will there be new sanctions against iran. done shavian has made a lot of contacts through international trade fairs like this one in tehran last year and he has contracts with european companies but now many of his partners are uncertain about the future of the business is. currency through right now we have to sit down and see what's going on basically the through the improvement relationship between iran and european companies especially with germany and you see these very moment you know he's sorry we couldn't see who the all real partner. a

u.s. officials including president donald trump's daughter evolve arrive in israel ahead of the u.s. embassy opening in jerusalem israel calls the move from tel aviv a try out the international community says it's a massive setback for the peace process we'll go along to israel. and in soccer hamburg were relegated after fifty five years in the top flight and their fans were not too happy to take in the finer and fury on a drama filled final day in the bundesliga. welcome to the program i'm hearing i haven't seen we begin in indonesia where at least fourteen people have been killed and more than forty others injured in suicide attacks on three churches bombings took place in the country's second largest cities were a bio and targeted worshipers attending sunday morning services the so-called islamic state has claimed responsibility it's the deadly series of terror attacks in indonesia in over a decade. places of worship placed on high alert after a series of coordinated bomb attacks left m

the u.s.f historic regret if it pulls out of the deal. haidi: i had scratcher for the fed as u.s. wage growth slows despite unemployment falling to 50 year lows. betty: warren buffett taking questions about policy at the first -- after the first lost since 2009. haidi: it is past 8:00 in sydney. we are two hours away from the open of asia's first major markets. betty: it is after 6:00 p.m. sunday evening in new york. i will look at how the action on wall street will play into the asia-pacific trading day. we saw socks -- stocks surge on friday after that jobs report showing an 18 year low on the jobless rate now below 4%. who would have thought this after the financial crisis? the dow surging 340 points, the s&p higher. look at the nasdaq cowering -- towering ahead. you know, overall throughout last week, it was a doldrums in the market. we ended on a really high note, but that left the markets flat for the week. saw dust haidi: apple was a real standout. here we are getting back to trading fr

a list of u.s.emands to move forward in terms of trade to avoid tariffs and the potential trade war. this came with the chinese vice premier who has been in washington this week meeting the delegation there. a lot of questions. we still don't know how they would reach that number what analysts told us that would be the number that would be difficult to contemplate, how you could reach that. it would mean a reduction in some exports. how would that affect supply chains, how much more would they be allowing market access? what could that look like? there are all kinds of questions. there's the question of the u.s. response. president trump surprises us with how he looks at things. we have to see. this is are telling us a favorable move, not only because what he could offer in terms of market access to the u.s. but it shows that china is taking these talks very significantly. they are taking them very seriously and looking to avoid a trade war. we look ahead to where these talks go, the u.s. had other

the u.s. military is if necessary. trump alsoident launching a probe into auto imports. applyingt attempt at pressure on canada and mexico to strike a nafta deal. and shares tumble after the canadian government blocks a proposed $930 million sale of that construction firm to a chinese buyer. let's get started with a quick check of major averages. u.s. stocks paring back some of its earlier losses still in the red for the dow which is down .3%. it's down to session lows following the release of president trump's letter to north korea calling off his summit with kim jong-un. the s&p 500 is down .2% while the nasdaq is essentially flat. as earnings season winds down investors turning their attention to geopolitical uncertainty. energy is also leading the declines it -- leading the declines. amanda: one of those geopolitical concerns is the specter of new tariffs this time on automobiles. the u.s. chamber of commerce already responding today warning president trump against those tariffs. a look at

we believe that the chinese and u.s. governments reached a good agreement and outcome acceptable for both sides of course both governments should honor such agreement with you. economists think the chinese government will now instruct companies to focus more on u.s. products but the agreement could be bad news for european firms especially german mechanical engineering and automotive companies who rely a great deal on the chinese market. but while it's a chinese u.s. trade truce relations with the e.u. are not as core deal german cars popularity in the u.s. is a thorn in trump side he maintains it erodes america's car industry so he's asked the commerce department to consider whether auto and auto part imports threaten u.s. national security and should face import duties of twenty five percent right now the rate is two point five percent. carmakers likeness sadie's b.m.w. and fox are going which manufacturer in the u.s. would be less badly hit than companies like our d. in porsche. last year almost half a million german

u.s. allows in the first group of asylum seekers. and thousands take to the streets of moscow to demand internet freedom. the united states says that it believes israel's accusations that iran lied to. international observers about its nuclear program at a press conference in tel aviv benjamin netanyahu displayed what he called conclusive proof that the weapons program existed before twenty fifteen iran has rejected the accusations particle hain reports. it was an inauspicious start a technical glitch with the audio meant a brief delay describing a highly sophisticated intelligence operation this was an innocent looking compound it looks like a dilapidated warehouse but from the inside israeli prime minister binyamin netanyahu says his intelligence agents tracked the paperwork from an iranian nuclear weapons program to this building and that they were able to take this. proudly displaying paperwork and disks he says were from iran according to his own visuals the program ended in two thous

the u.s., gd growth numbers for germany. all telling us whether we are headed in the right direction. welcome to "bloomberg daybreak." i am david westin with julia chatterley. alix steel is off today. julia: shall we take a look at the markets? never a dull moment. a culmination of the news flow and anticipation of the data. .2 percenther by file -- following a sideways move from the european sessions, investors eyeing what we are seeing as far as coalition talks in italy and heavy spending related priorities. the dollar reducing a little bit , euro-dollar higher by .3%. we've got the dollar at a one-week note following softer inflation. retail sales very much in focus in tomorrow's session. what else are we looking at? the 530 spread, the shape of the curve and the relative flattening going to be a focus for central bankers. focus. that in right now trading above the $70 a barrel. we will talk about those very shortly. to cover.s of things the united states will officially open its new embass

u.s. soldiers are directly helping saudi arabia protect its border with yemen and previous comments in which officials said the u.s. is only helping the saudis with aircraft refueling logistics and intelligence sharing. but do support. and logistical support a priority is the fight against al qaeda in the arabian peninsula and isis in yemen . support. reports now on the pentagon's mixed messages concerning its role in the conflict in the. this latest development contradicts the pentagon statements that indicated that u.s. military assistance to the saudis in yemen was limited to intelligence logistics and aircraft refueling but so far what we do know is that a team of a few green berets apparently arrived on the south of the u. many border sometime last year and according to the pentagon they've only been there to protect the border however reports suggest that they've been helping them destroy people with sick missile launch sites and it's worth mentioning that even though this war has be

intellectual property and reduces the u.s. trade deficit with china while discussions have been ongoing between officials from both nations the stated goal of the trump of ministration to reduce the three hundred seventy five billion dollar trade surplus with the united states remains a contentious problem u.s. commerce secretary wilbur ross is the next u.s. envoy to travel to china for negotiations that will head there on saturday meanwhile china's commerce ministry reacted swiftly overnight to the up u.s. ante with a short statement saying quote the chinese government will have the necessary measures in place to deal with they would withdraw a u.s. withdraw from any settled agreement if the u.s. wants to play games then china would be more than willing to play along and do so until the very end. antitrust regulators at the united states department of justice have approved bear a g.'s acquisition of monsanto regulators did make approval of the merger of the german drug giant bear and one santo a u.s. based agriculture and bio

and u.s.rom 2.2 in 2015 to about million, 2.6 million barrels a day in recent months. that's really a phenomenal change, but we haven't invested inthe terminal facilities the pipeline capacity to torease that to get number much about 3 million barrels a day and that investment is going to have to be made, which will result in increased capacity down the line, but i don't think it's going to be online by summer of 2019. it usually take longer than that. shery: how are refiners doing? i think refiners are doing just fine. i think refiners are very successful passing the increased cost on the consumers. i'm not worried about refiners. they should be able to make up plenty of money in the short term. shery: dan eberhart from canary growing -- drilling services. prices,ing up the tesla's electric car for the masses will now cost buyers nearly $80,000. what this could mean for the automaker, next. this is bloomberg. ♪ shery: this is "bloomberg markets," and shery ahn. vonnie: i vonnie quinn. a littl

u.s. secretary of state defend israel while visiting jordan. and australia and called tools that a roman catholic cardinal must stand trial on sex abuse charges. and the u.s. says it can't accept asylum seekers at its border with mexico because it has no place to put them. into the news the u.s. says it supports israeli accusations that iran and lied to international observers when denying it had nuclear weapons prior to twenty fifteen at a press conference in tel aviv benyamin netanyahu displayed what he called conclusive proof that the weapons program existed he says it showed the twenty fifteen iran nuclear deal was based on lies iran has rejected the accusations the country's foreign minister called them a rehash of old claims netanyahu made the allegations less than twenty four hours after a visit by the new secretary of state mike pompei or and in a statement the white house initially said the documents provide new and compelling details that iran has a nuclear weapons program a corr

the u.s. negotiated the agreement with iran in twenty fifteen along with the united kingdom france germany china and russia to limit or raaz nuclear program in exchange for sanctions relief with the announcement the united states now bria poses tough economic sanctions on iran's oil and banking sectors that had been lifted arguing iran did not live up to its end of the agreement. we have definitive proof that this arabian promise was a lie even though u.s. intelligence the united nations and european allies maintain iran has been compliant under the agreement trump cited a recent israeli report that iran had not been truthful about its activities before entering into the deal trouble also argues the agreement should have dealt with iran's military pursuits in the region and its ballistic missile program. capitol hill the top senate democrat disagrees and to me the right thing to do would have been to try and come up with our ally with an agreement on those issues and let the nuclear part of th

the u.s. opened its embassy in jerusalem although palestinians want that capital to be in the city's east addressing the ceremony by video president trump insisted the controversial move doesn't mean the u.s. wants to abandon the peace process. israel's prime minister also addressed the issue of peace and his remarks at the ceremony. made the opening of this embassy in this city spread the truth far and wide and may the truth advance a lasting peace between israel and all our neighbors god bless the united states of america and god bless jerusalem the eternal devoted couple of these. outside the newly inaugurated embassy stoffel is broke out between demonstrators and police. with many palestinians furious at what they see as a move blatantly favoring israel peace seems a distant prospect. and as israel celebrates palestinian protests grow i'm joined now by become our. political analyst in gaza. mr abu sada we appreciate you taking the time to talk with us tonight i want to ask you how did this

u.s. business come the u.s.t for european companies dan is the iranian market and iranian market and i think that's economics will play large in their minds. gerri have heard that from a couple of people now. thank you. appreciate your time. if you eat at chili's, you might want to check your bank statement. gerri: tracee carrasco joins us more without another headlines. >> good morning. chiles said a data incident may have exposed consumers names, credit and debit card information. the breach was found on friday and is believed to have happened in march through april. the company says personal information like social security numbers and birth dates were not sold because those types of details are not collected. chiles is investigating and working with forensic experts to determine the extent of the breach. cheryl: every company involved in this kind of thing. we have to talk about the malfunction at the disney parade. >> guesstimate people just went on like it was nothing. take a look at this video. the fire b

is the u.s. going to impose sanctions on u.s.-- european companies that do business? >> the answer is it depends on the conduct of other governments. yvonne: the uae energy minister capacity tos enough question the oil market should the u.s. imposed sanctions on iran. , they have anear adequate buffer of output, adding the cartel has dealt with similar situations in the past. >> we have been there before, and i think opec has been resilient to you with many of those issues in the past. , uae,me of the countries kuwait, they have definitely spare capacity that can be used whenever a new organization production is required. the u.s. will allow investment in north korea once it has been proven the north has given up its nuclear program. john bolton said washington is ready to open talks on rebuilding the country while the secretary of state mike pompeo said american entrepreneurs are ready to move in. but they say there must be clear evidence of denuclearization. china's first entirely home built aircraft carrier has been put to sea

goods and services it's an attempt to address u.s. president donald trump demand to reduce china's three hundred seventy five billion dollar trade surplus no details have been released yes but the countries have agreed not to impose further tariffs on each other while they continue to negotiate a trade deal. speaking in an interview with fox news u.s. treasury secretary steve minutia had this to say for. the present we have a very good framework agreement that's not just about buying goods it's about structural changes it's about lowering tariffs china has committed to lower tariffs on many things and make structural changes and protect our technology so these are very important issues for the u.s. economy and now we're going to make sure that this gets implemented. to taunt and months of tension between the two countries which markets into a frenzy but with little concrete information released about the details of the negotiations the stakes remain high. while asian markets of greece have the news with great relief the opinions vary

a claim the u.s. commerce secretary brushed off everybody has a remeron and very firmly every country does with others whose loathing. he will get over this in due course in brussels the head of the european commission called it a bad day for world trade promising counter measures that could include retaliatory tariffs u.s. goods into the e.u. on everything from blue jeans to motorcycles what they can do we are able to do exactly. the same it's totally up to the it come to be she pulls you look through measures when it comes to. the crate france's junior trade minister promised a similar response suggesting the u.s. president may be misinformed. no more forget that issue comes a point when one needs to look at the figures and i'm surprised that maybe president trump stuff haven't shown him how much those european companies have invested in the united states created jobs that to assemble and produce that now those u.s. jobs could be at risk just as president donald trump seeks to fulfill one of his top

unless u.s. and north korean leaders are mutually diligent in the implementation of future be offnts, we will again course with unfortunate consequences, thank you. [applause] a big thanks to all of our speakers and i exercise the privilege is a chairwoman and i would like to raise three questions each for one of each of the speakers. for dr. kim, we know that president moon has been talking about engagement and improvement of relations with north korea. the declaration, there are references to economic cooperation. in your view, do you foresee this type of economic activity between north and south korea to happen anytime in the near future? for dr. ren, we know there is news about chinese foreign minister will be visiting north ,orea in about two days actually less than two days. he is rumored to be in north korea to discuss with the north koreans about the president's upcoming visit to north korea in june. could you tell us more about this upcoming visit and what is the implication and what is

in pakistan, authorities have prevented a u.s. diplomat from boarding the u.s. militarily -- u.s. military helicopter and leaving pakistan, just over a month after the american diplomat, joseph hall, allegedly ran two red lights and hit a motorcyclist, killing him. a pakistani court has ruled hall doesn't have complete diplomatic immunity and he face prosecution in pakistan. the case has sparked rising tensions between the u.s. and pakistan. meanwhile, in more news from pakistan, thousands of protesters gathered in karachi on sunday to demand justice for pakistan's pashtun ethnic minority. the protesters were denouncing military violence against the pashtuns, which is carried out under the guise of operations against the taliban and other militant groups. in the east african nation of burundi, at least 26 people were killed in an attack on a small village in the northwest part of the country friday. no group has claimed responsibility for the attack. it came only days before this week's controversial referendum over whether to allow president pierre nkurunziza to stay in power unt

u.s. prosecutors indict close fog and former boss martin been to court and the latest development of the diesel gate scandal thirty's believes he knew what was going on in his company. also coming up trade representatives of the u.s. and china hold talks in beijing with smiles all round a few results. how do you like your frosting lab grown diamonds made by scientists are an actual fake they might shine just as bright as those out of the ground but all of a sound investment. base is your business update on how to humphrey glad you could join us well the u.s. department of justice has issued an arrest warrant for vito views former c.e.o. martin vinta cohen for his part in the diesel gate emissions scandal they say that mist of into court conspired to mislead regulate isn't violate the u.s. clean act media reports say that soften the w. here in germany support the u.s. charges against the former c.e.o. german prosecutors meanwhile say their investigation into the into court is ongoing and wi

that is u.s. process against u.s. companies involving u.s. account holders, there shouldn't be an issue even frankly that would come up in that situation. so having a conflict of law analysis apply doesn't make any sense. other than that, though, i think that's the only one i can think of in this context. >> right. and i know it's only been a few days literally since the act has passed, but just as you're thinking through the practical implications of how doj is going to use this act, to what degree will these kind of factors you're talking about such as comity and those kinds of issues sort of shape when you will use process under the cloud act versus trying to negotiate with the provider versus asking them to litigate. how will those factors figure into the practical use of this? >> just to feed off the point richard just made, when it comes to u.s. investigations, in our view this legislation restores the status quo. we would serve process in the way we always have and traditionally always have with respect to crimes we're investigating un

the u.s.ithdrawing from the iran deal affects the upcoming summit with north korea. futures pretty messy. we got that sentiment of uncertainty overnight. hong kong about to open later. futures flat at the moment. we are watching the u.s. 10 year yield getting close to 3%. the pain trade carrying over to em's. the singapore, taiwan, malaysia, closed for election day. we are starting to see more upside coming through with some of these markets moving to the higher side. singapore's market with a gain of about 0.5%. most analysts we have spoken to saying it should be positive for equities, particularly in the consumer, tourism and energy space. energy stocks doing well with the rebound in crude. south korea to the downside, off by 0.2%, along with the nikkei, but not looking as bad as it did on the open. the yen moving lower today. the dollar higher for a third session. the malaysian ringgit has been in focus ahead of that election, and holding at that for month low against the dollar. let's have

a u.s. president's legal team is facing another shakeup the main lawyer representing donald trump in the russian inquiry is retiring type call his departure comes speculation mounts about whether trump will talk to investigators kimberly how could reports. the investigators looking into allegations u.s. president donald trump campaign colluded with russia want to question him but the president's legal team who would accompany him is changing again ty cobb has been one of trump's lawyers since last july the white house says he's decided to retire to take effect at the end of the month cobb is the second member of trump's legal team to leave him in the past two months john dowd quit march after he told reporters he thought the investigation should end it will be very difficult with mr cobb going to attract somebody who is going to ask themselves why do i want to go to a ship that sinking the cop departure comes at a critical time during the probe by special counsel robert muller his team is lo

u.s. prosecutors indict for its former boss on the latest development off the diesel gate scandal authorities believe he knew what was going on in his company. also on the program trade representatives of the u.s. and china hold talks in beijing with happy faces but few results. and tired of fake replicas of their fine pieces the porcelain artists of lee marsh friends are finally fighting back. it's time for business on the w. . welcome to the program u.s. prosecutors are doing what germans could they have chart. former boss martin vent on for his part in the diesel gate emissions scandal they say even talk on conspired to mislead regulators and violate the u.s. clean air act a federal grand jury in michigan indicted the former executive as part of a probe into the scandal which has haunted the company for nearly three years it couldn't have come at a worse time for folks bogen the announcement that its former c.e.o. martin venter corn was indicted by u.s. authorities it came soon after th

the u.s.his chart it have. it shows you how rare it is to see the rate drops below 4%. in april, there were only four other periods of time where we saw that rate fall that far. begs thehe quest -- question. where is that wage growth? it is hard to look at the jobs rate and say we know where the and bash direction of inflation and wages is going. -- direction of inflation and wages is going. yvonne: labor participation was also down, which was surprising. it may be technical like the analyst said. it will not do much for moving policy.le for perhaps what we saw such a positive reaction on friday in the stock market. at what the look reaction was on friday. we saw the dow urging -- surging. rising up 1.7%. market participants noted that , the fedhe numbers will likely stay on a three rate hike path this year. this goldilocks economy still in tact. gains set up person today. new zealand, up one third of 1% right now. 73.20. coming to australia, and hour away. pointing at the game for the open. w

syrian democratic forces which are u.s. partners on the ground so self-defense if indeed this was a strike by u.s. forces as you know little little grounds for self defense so far away from the front lines we've been there it is incredibly remote it is just away from from everything nevertheless the important thing is is the correspondent for us said this will happened just as the syrian army has launched a big offensive huge offensive against the remaining. isis pockets in the area it's a big pocket there are suspected to be hundreds and hundreds of isis fighters there the skirmishes now they've launched this attack and one o'clock in the morning there's an air strike there are a few well there's a lot of fuzzy details but there are a few inconsistency here the reports we're hearing is that the united states was behind the strike the u.s. led coalition rather nevertheless the pentagon has come out and said on twitter in writing that they cannot substantiate information that there had been a u.s. led air strike the wording

the u.s.mbassy in jerusalem. the white house is blaming hamas for intentionally provoking the israeli response. the dedication of the u.s. embassy went ahead despite protests. a ivanka trump and her husband jared kushner led the delegation. israel's prime minister called it a glorious day. also, a wave of deadly bombings leaves indonesia relaying as entire families including children carry out suicide attacks. the latest target, police headquarters. it comes a day after another family attacked churches there. i am brent goff. for some, it has been a day of joy. for others, a day of death. the u.s. officially opened its embassy in jerusalem, and move celebrated by israelis, condemned by palestinians. president donald trump's decision to recognize jerusalem as israel's capital broke with decades of u.s. policy and put the country at odds with most of the international committee. at the border with gaza, palestinian protests against the move turned deadly with at least 52 people killed by israeli

officials did not describe the u.s. response. a u.s.de representative has said that the nafta countries are nowhere near close to a deal. says speaker paul ryan that just weeks are left to strike a deal if congress is to approve an agreement this year. keybank of japan's inflation gauge showed that price gains slowed for a second straight month in april. 0.7%consumer prices rose in april from a year earlier, a little bit lower than estimates. it underscores the central banks struggles to hit its 2% inflation target. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. guy? guy: thank you very much. asian shares were mixed overnight, remaining on track for a weekly loss. the implications of that u.s.-japan 10 year -- on u.s. 10-year gilts -- of those u.s. 10 year yields. lead to joint mark cudmore in singapore that -- let's join mark cudmore in singapore. i am struggling to understand a lot what is happening here. >> i think it should be viewed through the lens of a

president donald trump has pulled the u.s. out of the iran's nuclear deal trump signed a presidential memorandum reinstating economic sanctions against iran after calling the accord quote a horrible one sided deal. that did not bring peace and never will in an address before signing truck called iran the leading state sponsor of terror. trumpet previously resisted lobbying by the seven other signatories to the deal insisting that it had to be changed to keep the u.s. on board let's listen now into part of what the u.s. president had to say about an hour ago at the heart of the iran deal was a giant fiction that a murder's regime desired only a peaceful nuclear energy program today we have definitive proof that this arabian promise was a lie our rights to delve deeper into this i am joined here at the big table by marcus kahn for analysis good to see you mr stein and claire richardson she joins us in washington claire let me start with you so what are the biggest takeaway today from president rob what would you say that takeawa

the u.s. negotiated the agreement with iran in twenty fifteen along with the united kingdom france germany china and russia to limit iran's nuclear program in exchange for sanctions relief with the announcement the united states now bria poses tough economic sanctions on iran's oil and banking sectors that had been lifted arguing iran did not live up to its end of the agreement. we have definitive proof that this arabian promise was a lie even though u.s. intelligence the united nations and european allies maintain iran has been compliant under the agreement trump cited a recent israeli report that iran had not been truthful about its activities before entering into the deal trouble also argues the agreement should have dealt with iran's military pursuits in the region and its ballistic missile program. capitol hill the top senate democrat disagrees and to me the right thing to do would have been to try and come up with our allies with an agreement on those issues and let the nuclear part of t

all this definitely significant for the u.s. israeli relationship and for a lot of people who have ever doubted the u.s. his commitment to the israeli side of things this definitely so what if the idea that the u.s. is on equivocally on israel side all right our correspondents maya schwager they're out side of the new embassy tanya kramer in east jerusalem and of course she resigned as our middle east analyst with us here in studio thank you all very much for your insights. thank you for watching debbie we'll have much more for you at the top of the hour. on. the. extra long. extra wide. extravagant to attract buyers here you've got to go the extra mile auto china twenty eighteen at what may be the world's most important motor show automakers are pulling out all the stops. china is definitely in the race when it comes to cars. driving. on g.w. . bush doesn't germany is a strong country. that we have achieved so much we can do this and if something him to resign we must overcome it india. going where it's uncomfortable global new