the european close on bloomberg markets. mark: we're going to take you from new york to london plus covering stories out of washington and spain. these are the top stories we're following on the bloomberg and around the world. and markets, equities are bouncing around today. howre going to examine vulnerable stocks and currencies are. this is the first time in almost six months. isnie: president trump brainstorming ways to get the economy to the next level with ceos from a variety of industries. job creation is the top of that agenda. brand-neweak with a masters champion, sergio garcia. how he was able to win his first major after nearly two decades in so many near misses. have a look at where european equities trading. where 30 minutes away from the end of the tuesday session. stocks were up and then down. they are both down by 1%. market, although rising against the u.s. dollar today. i'm not going to say were let currency. we are going to talk to jeremy and just a second. yields are increasing in spain. as you can see, ha

the size and the scope of the bloomberg empire. nearly 20,000 employees in 192 locations around the world, gathering, writing, transmitting, and analyzing information that will move markets. >> bloomberg: these people are doing one-minute radio business updates for a hundred different radio stations around the country. >> kroft: but the real money and most of the profits come from a mysterious piece of equipment known as the bloomberg terminal, that sits on the desks of titans and traders-- >> this is my desk. >> kroft: --all over the world. >> bloomberg: sound, pictures, graphics, tabular data. different ways to look at the markets. >> kroft: it's really a customized keyboard and closely guarded proprietary software, linked to a private computer network, that provides a volume of data that's unavailable anywhere else. live streams from 300 stock exchanges, curated tweets, the exact location of oil tankers around the world. the kind of stuff 325,000 professionals pay $25,000 to rent for one year. if you do the math, it adds up to a

you can get this on the bloomberg. is amazing, certain technology industries, we have to focus on that. wilbur ross has commented, he is worried about china. non-tech industries are set to benefit from this meeting. may be on the auto and agricultural front. will there be concessions on both sides of the equation? lindsey: i am not sure how much you are actually going to see real deliverables from this meeting. more than anything, you will see both leaders tried to lay the foundation, set the baseline. what theirake clear priorities are, the industries they care about, where they would like to see things done. and for the trump administration, where they would like to see china set a more level playing field. what they are aiming for is to lay a foundation and we will see more concretely what comes out of that in the months ahead. caroline: part of that foundation, is talking about the asian infrastructure banks. do you think that could benefit the relationship with the u.s. to china and other key hubs in the area? fro

online and on the bloomberg. here to dig into it a little bit more, the co-author of the peace. -- of the piece. joining us live from new york. fantastic piece, fantastic reaction. this is backed by some standout vc's. they are perhaps a little bit embarrassed. >> huge venture capital group funds invested in this company. thrive, which is jared kushner's company. kleiner perkins. google ventures. all putting in about $120 million into juicero. caroline: has there been any response in terms of how juicero is reacting to this? because this is such a punchy price tag. doesn't admit you don't really need this machine? -- does it admit you don't really need this machine? >> one investor did go on the record and did say he did figure out on his own that the bags could be squeezed, but our understanding from speaking with sources at the company and investors in the company is that it's an issue that has not been broached or discussed. perhaps the company does not see it as an issue. they would not go on the record with

read more about the export import bank on the bloomberg. france is currently getting most of the euro zone's attention with its living election. italy's banks remain in rough shape. spoker, "surveillance," with the head of the peterson the bank ofd america chief european economist about whether italy would be the next big risk factor. badks i think the banks are in the not so terrible economic way, and the inability of the italian government to deal with small bank bailouts is terrible. it's a touch point going into the german elections, the italians are being let off from the veil and of their savers. meanwhile, the politics dominate italy. there,e no strong party and no reasonable alternative. unless someone makes a huge comeback. and based on what he was saying about macron and merkel or scholz being an issue for europe, they may organize around the problem. tom: this is so important. this is landmark work. nice 98, wrote a tried it -- a classic treatise on japanese economic growth. it shows the chronic nature of these challenges. in the

let's get the bloomberg business flash here today. >> thank you. the earnings. they can seek another extension. if it is rejected, that have eight business days to submit their results. specifying when the final figures would be. oflcomm has accused apple threatening covering up the use of inferior parts in iphone. of largest maker semiconductors responded with counterclaims for damages. they miss represented the facts. a week after topping ford, tesla and elon musk's company was within a billion dollars of honda. of whole foods markets theed the most after investment firm announced they slumpken the worst sales in more than a decade. that is your bloomberg business flash. the presidential election in gaining inel and is the polls. the outcome of the race is now a matter. currently, the spokeswoman -- where are they getting the most support? where is the renaissance coming from? i would say it is from everywhere. pessimistic.om is a very gradual movement to installtrying away from the party stuff. france unyielding and defiant . is that a happy campaign? >> it i

abigail: this is a chart on the bloomberg. there was a great article pointing out that the call volume today on microsoft is well above the 20 day moving average. we don't have that in here, but in orange, we have call volume spiking higher today. put boy we have the them, so there is some hedging activity going on, but despite the fact that volume for both sides of the equation is spiking today, look at the white area boxed in. that was on the last report, so relative to expectations going into that report, this is going to be relatively small. another big winner on the day, xilinx, the chip stock surged. credit suisse updated their rating on the stock to outperform. lastly, the chip sector, if we hop back into the bloomberg, g btv # big dip down over the last 4265. couple of weeks below the 50 day moving average, but back above it. it will be interesting to see whether chip stocks can hang on to this traction. perhaps there could be some sort of reverse cell. time will tell. >> thank you, abigail doolittle, live from new yor

take a look at it on the imap on the bloomberg. moved up.tors have we still have a drag on consumer staples amtech systems degree. energy and health care, the best to performing groups. and health care, edwards website is, earnings beating estimates. in shares are soaring today's session, the best-performing stock in the index of 10%. paragon is rising in their results. forecastedke it is relatively bullish year. express scripts and anthem here because it looks like they may still have an amicable closing to their conflict over pricing. anthem had said that they would scripts --ress expert him -- express scripts. mark? mark: let's stick with markets as investors respond to the round inf the first the french elections. philip, thank you very much for joining us. now that we have the hurdle of the first round of the french election out of the way for, is path clear for a sustainable rally in the european equities? i think the impulsive nature of the equities in the last few days tells the story that effectively we had a fault of poli

you can catch the briefing in full on the bloomberg with the function tv . at 4:00 eastern, president donald trump will meet with the director of the omb mick mulvaney. tomorrow president donald trump will meet with several chief executives, including those of ibm, walmart, and general motors. micgan, critical presidential wins, maybe the hardest hit by proposed 20% border adjustment tax. it's according to a recent study americans for prosperity. the organization associated with the koch brothers, is looking to derail the border adjustment tax i supporting tax reform. joining us now for more stability. thank you for joining us. burgess contacts, is this a nonstarter issue with republicans negotiating with the white house on tax reform? >> it should be. we have been disappointed that the house leadership is pushing this border adjustment tax. it's really a consumer tax. trillion -- most of that will hit blue-collar folks trying to buy things you buy every day at target or walmart or the grocery store. at thehen you look border adjustments tax, this big health

the bloomberg to first word news. e: the u.s. has deported a former new york banker to russia who allegedly tried to recruit and advisor to donald trump. he was imprisoned for being a spy to moscow. -- there were other spies recruited. president trump has said an apparent -- apparent poison gas attack that killed more than 70 people has changed his thinking on the six year civil war. this is the signal that could take action against the syrian government as well as targeting islamic state's stronghold in the country. trump has boosted special forces numbers but it is not clear how further he will go given the russian military presence. >> across a lot of lines for me. when you kill innocent children, innocent babies, babies, little babies, with a chemical gas that is so lethal that people were shocked to hear what gas it was. that crosses many lines my beyond the red line. many, many lines. trump haspresident shaken up his national security council remain -- removing steve bannon from the key committee and restoring the roles of

. +++ takes on the bloomberg. mark: sticking with politics, the final prime minister's question before the general election. >> more waste, higher taxes, fewer jobs -- that does nothing for the ordinary working families. >> they only look after the richest and not the rest. they are strong against the week and we can against the strong. >> every vote for him is a vote for a coalition of chaos. a weak leader propped up by the liberal democrats and the scottish nationalists. >> far from growing a strong economy, schools have been cut, people can't afford homes, millions can't make ends meet. that doesn't add up to a stronger economy for anyone. >> every vote for me is a vote for a strong and stable leadership in the national interest. >> between a conservative government for the few and a labour government that will stand up for all. order, the exchanges between the prime minister at the leader of the opposition have been unprecedentedly comprehensive. mark: more on that heated -- the u.k. government on the scale of

that is the latest bloomberg business flash. vonnie: while much of the spotlight remains on the fed's massive balance sheet, there is one foreign threat. we will tell you what that is next. this is bloomberg. ♪ mark: this is "bloomberg markets." to the bonding out markets. it seems like everyone is assessed with what will happen when the fed will start to unwind the massive balance sheet but there is a development that could draw demand away from u.s. treasuries at the wrong time. joining us now to discuss that is brian chappatta. the treasury market is owned by foreign investors. this is what we should be focused on? brian: that's right. it is almost half. this is a pretty big chunk of the market that foreigners hold. and the issue is that the negative yielding bonds that we were obsessed with in july last year, suddenly that amount is shrinking. and i know it is like a 0% healed which seems arbitrary but for a lot of investors, that is the breaking point. if they invest below breaking points they will not buy. vonnie: so inv

as for precious metals, we've got a look at the bloomberg for this one. 766 in the bloomberg chart library. position extremes have been eliminated. positions,astic long that is in the white. combined gold and silver opened interest to manage money net conditions are now near historic levels. historic averages. that is the purple line. they've come back to where they were on an average basis. >> let's move on to base metals. the possible dumping of commodities into the u.s.. the u.s. officials, the trump administration is considering an executive order that would call for review of whether foreign companies are selling deal and aluminum in the u.s. to undercut competition. joining us is shannon pettypiece in d.c.. let's start with shannon to get the lowdown on the executive order here. say exactly does it specifically? when could it be rolled out? shannon: everything is still very fluid at this time and in the discussion phases. we are more like weeks away then days away from having anything firm and concrete that the president will sign. the general thrust would be to direct the u.s. to in

let's go to the bloomberg and take a look at the chart. these are the three major averages out of the election. asdaq in blue on the top, leading the dow and s&p 500, of 16%. lots of strength for stocks at the end of april. caroline: and it's across-the-board globally. we saw asia rally, europe followed, and the u.s. garnering highs. talk to us about the earnings season. we are seeing a lot of the big players we will hear from also hitting new highs. reporter: it's interesting you should say that, because our equity strategist at bloomberg said she thinks the reason the tech center -- sector has resumed the uptrend is the positive earnings, but relative to the nasdaq technology earnings to come out later this week, we are looking at lots of big names including alphabet and microsoft. alphabet, everyone will be looking to see if the youtube ad revenue brings growth. microsoft, it could be the best third fiscal quarter report ever on both cloud and server business. let's not forget amazon. well.eport on thursday as the last quarterly report

some headlines crossing the bloomberg. steven mnuchin commenting on an off-camera briefing at the white house. commenting on house finance reform. if tax regulation is too burdensome and we will fix it, he is saying. and liquidation rules will be .iewed for risk-taking it is very important to the white house. little tidbits on what we can expect when it comes to regulations. here is mark crumpton. mark: president trump critics thursday's attack in paris will have a big effect on the french presidential election on sunday. the president tweeted that the people of france won't take much more of this hours after a gun man killed a police officer. were woundedeople and police killed the gun man. islamic state claimed responsibility for the attack. the gun man has been identified as -- who has a critical that has a criminal record. al-assadesident bashar is not considering asking russia to send troops out to fight islamic state. key backer of the assad regime, has been providing air carson's 2015 but has not provided boots on t

the gmm go function on the bloomberg. many markets are in the green. look at the hang seng index up .4%. it is pausing three days of declines. japanese nikkei is also up. topics is also up. we are also seeing the kiwi dollar gain half a percent. we have inflation data reaching the central banks targets for the first time in more than five years. wti up .6%. sovereign debt markets are in the red. note, thed five-year yield is up 3.5 basis points. this part of the world we are under two hours away from the opening of the emirates market. here is the pulse of the equity action. we pulled this, up for you on one of our favorite functions. emf function. is really popular and breaks it down nicely. real estate is up .7%. you have some consumer staples doing well as well. on the weak side of this equation, you have utilities under pressure. energy stocks and industrials as well. the overall picture you saw kuwait being the weakest link, down 1.4%. qatar underperforming as well. radar, here are some other assets where watching. you're looking at crude rating a

that is the latest bloomberg business flash. botc next. it's the battle of the charts. it's all about trump. tomorrow marking the presidents 100 days in office. we will look at u.s. growth since his inauguration. this is bloomberg. ♪ vonnie: time now for our global battle of the charts, where we look at some of the most telling charts of the day and what they mean for investors. you can access these charts on the bloomberg by running the function featured at the bottom of your screen. kicking things off this friday is christine in london town. christine: let me ask you. what to greece, icelandic, and spain have in common, their assets are some of the biggest winners in trump's first 100 days. chart, an see on the 14% advance in the first 100 days of trumps presidency. iceland's currency and greek 10 year bonds are also up 6%-7%. these are not exactly the most safe or stable of markets. greases in the middle of negotiations for its bailout program that has been in place since 2010. iceland is working out a new currency regime and also needed a bailout during the financ

vonnie: now it is time for the bloomberg business flash. conoco phillips has made its second major outlet sale in a month. the company agreed to sell its interest in mexico are as much as $3 billion. two weeks ago, they decided to sell canadian oil reserves for 3 -- $13.3 million. -- $13.3 billion. l 1/10ucer price index of 1%, the ppi was unchanged from february. the u.k. once a post-brexit deal with the u.s. to give london-based banks free access to wall street. the international trade secretary told bloomberg he wants to open up commerce with the u.s. in every sector. he says financial services would form a key part of trade talks between the two countries. flash forur business this hour. mark: we are four minutes away from the end of the thursday session. the final trading session in europe. stocks are lower, today. the close is next. this is bloomberg. ♪ mark: live from london in new york, this is the european close. stocks finishing up the day in the week in european trading. they are finishing lower for the day and for the week aft

it's get the bloomberg is this flash. -- let's get the bloomberg business flash. >> the ceo has assured wall street they will rebound from the current storm. the issue will be a watershed moment for the carrier and it is the practice to put customers first. there financial performance beat expectations with shares eating in after-hours trade. in alaska's north slope is no longer leaking oil or gas. say the wellists is out of control and want the authorities to investigate. to 650,000 barrels in march, the highest in four years. that is below its 1980's peak of about 2 million barrels a day. cereal maker post's holdings have closed to a deal. weetabix atld value 4 million pounds. representatives did not immediately respond to a request for comment. netflix has reported gains that fell short of estimates due to a lack of hit shows to draw new viewers and routine others. the lack of big-budget production posted income. they said next quarter with the return of house of cards and three major movies on the relief -- release schedule, profit will miss estimates while customer gains will impro

let's jump into the bloomberg now. you see the spread between two year french and two-year german notes. 2013.at its widest since if you take a look at the -- i am sorry, 2012. it was the worst part of europe's debt crisis. many people do not think there will be anything like a move to take france out of the area no matter who wins. but it is a hedge to be selling the french and germans short. we see these things reflected in government bond markets. shery: thank you so much for that wrapup. down 17%rgy investment last quarter as the u.s. and china scale back. we will talk more about the implications. this is bloomberg. ♪ shery: we are counting down to asia's first major market open this morning. nikkei futures down 4/10 of 1%. not surprising given the strength we have seen that japanese yen, breaking below 110. but now it remains unchanged. this is "daybreak asia," i am shery ahn in hong kong. ramy: i am ramy inocencio in new york. shares plunged as much as 20% in mumbai, the biggest decline since 2009. charge a hig

covering stories from around the bloomberg and around the world. from the fed minutes to the president trump meeting with the chinese president, we will look at the potential pitfalls for investors. in politics, the white house's financial the voters for some of trump cost wealthiest appointees. we will look into how many billions are in the trump cabinet and how many potential conflict of interest may be lurking. potentials, a blockbuster deal in the restaurant business. in arab red, considering its options after receiving takeover interest. are one hourme, we from the close of trading. let's get a check on markets with abigail doolittle. abigail: we have all of the average is down, well off the lows, they have been down half of 1% earlier. down 8/10 of 1% at the low, these declines are now down much smaller. but look at the russell 2000. the small cap index is down diggerto 1%, lagging the averages. sometimes this is considered to be a leading index, which is something to keep an eye on there, considering the small-cap index has been well affilia

you can access the charts on the bloomberg. today, its transatlantic -- it's a transatlantic matchup and we started in london with mark barton. mark: i feel honored starting off. this is the day after the french election results. it's fascinating to see what has happened to the euro today. it rose as much as 2% against the dollar crossing $1.09. what was avoid today was a potential nightmare scenario. investors are turning to the second round. the euro is rallying today. people like us nerds can find some amazing statistics. this is one of my favorite facts. there was a record today surrounding the euro. this record is the difference euro-dollarclose of friday which was one dollar 7.20 eight cents. and the open in asian trading today. 107.80. look at the difference between the two. it was a record gap between the two. what a lovely little nugget. it's just beneath the surface. it's the widest differential between the close friday in the open today. there you go going back to 1999. very nerdy but that's me. vonnie: it's fast man

let's hop into the bloomberg and take a look at the i map. this is a great way to get a quick snapshot of what's happening sector-wise. we're seeing it divided pretty evenly between red and green. up top, consumer discretionary being helped by amazon ahead of that company's report tonight after the bell. and then on bottom, energy, the worst. down 1.9%. not surprisingly in sympathy with oil. we take a look at an interday chart of oil. we see that oil is down sharply on the day. down more than 2.5%. down for a second day in a row. in fact, hitting levels last seen about a month ago. and on last week's decline, oil on pace for its second weekly decline in a row. behind this today is the fact that libya is restarting its largest field. but lots of fundamentals at play here, including the idea of whether or not opec will be able to extend those supply cuts into the second half. what do u.s. inventories, but today the trigger for the bearishness is libya restarting that biggest field. we individual movers. these are some of the biggest point perce

let's get the bloomberg first word news. sebastian: north korea has conducted another ballistic missile test just a day before the first meeting between chinese president xi jinping and u.s. president donald trump. the japanese prime minister has described it as a major provocation. trump said the u.s. could act unilaterally to address that m'st -- the threat from ki regime if china won't. an apparent chemical weapons attack in syria killed at least 58 people. western leaders have condemned the use of gas come on blaming forces loyal to damascus. saidan state media have the gas came from a rebel weapons factory. jacob zuma has won support from the anc. according to people familiar with the situation, the embattled president survived calls for his resignation. they say he fought back that he didn't act adequately on a cabinet reshuffle. the u.k. chancellor says some members oppose reaching an agreement with the e.u. philip hammond who is in india to promote british business on bloomberg there are people on both sides who do n

lastly, the chip factor, if we hop back into the bloomberg, g #btv. lastip down over the couple of weeks below the 50 day moving average. but back above it. it will be interesting to see whether chip stocks can hang on this traction. perhaps there could be some sort reverse cell. time will tell. >> thank you, abigail doolittle, live from new york for us. meantime, amazon shares edging up today. pricelysts raised targets. both project the stocks to jump over $1000, that's jumping more than double digits. this comes as a slew of tech companies are getting set to release quarterly earnings. intel,t, microsoft, apple. break it all down for us. i'm going to start with amazon. analyst.n i am looking at the price target almost aboveeping $1000. by,ty of green, meaning yellow meaning hold, not one cell. -- sell. >> cloud momentum continues. demand is strong. profit margins are healthy. on the retail side, the market demand is strong, but more amazon's the filament is on fire. they have grown their sellers 70%.0% -- by they sell directly to prime members. prim

great story on the bloomberg today. delegate balance because regulators want to make sure the banks are prepared of a brexit exit from the u.k.. toy have a limited period prepare from brexit, that adds to the concerns. plenty to look forward to. that is all we have for this edition of "bloomberg markets: middle east." just before the umbrella starts collapsing from the amount of rain we are having. with that. luck we are done here with the middle east, but trading in asia continues. we are seeing a mixed picture. take -- keep an eye on the shanghai composite because it is below its 50 day moving average. the japanese yen continues to weaken. it is again down a 10th of a percent. the nikkei gaining. other top stories coming up on the top of the hour. "daybreak europe" is next. ♪ anna: prepare to volatile till of the. one third of votes are up for grabs. the u.s. vice president is in japan after delivering stern warnings in seoul, mike pence says the u.s. is deeply committed to japan's security. anna: the dollar tug-of-

we have the s&p 500 higher, the bloomberg dollar index higher and the 10 year yield going higher, telling us that bonds are selling off. right around the first of this year and blue, the bloomberg dollar index, started to take a in lower, even as stocks put the current all-time high on march 1, the 10 year yield followed that downturn for the s&p 500 so it looks like the bloomberg dollar index is a bit of a tale of what's happening for some of the other asset classes. president trump talking about how he wants to see a week dollar. if that's true, this chart may suggest a reversal of the risk rally. if you look at the chart more recently, so me things are suggesting the so-called reflation trade, if you look at breakevens, that's especially notable. people are just sort of losing faith in that. joe: the dollar was an early sign of that. julie: let's take a quick look at stocks as we head toward the market close. people do not want to be long going into this holiday weekend. from new york, this is bloomberg. ♪ >> u.s. stocks are closing at the lows of the session. the s&p 500 trading at

foot off the brakes, somebody slams through the windshield. >> all ahead on "bloomberg best." ♪ hello and welcome, i am david gura. this is "bloomberg best," your weekly review of all of the most important business news, interviews, and analysis. let's take a day by day look at headlines. on political turmoil in south monday, africa undermined confidence in that nation's economy. >> president jacob zuma may face a no-confidence motion, the parliamentary speaker has asked for a request. the rand held low after falling drastically last week. >> some of the top officials of the ruling south african national congress are speaking out against the cabinet reshuffle, saying he did not consult them and more speaking out against the firing against -- firing of the former finance minister pravin gordhan. it is interesting whether this motion will succeed or not. >> do you think he should step down? >> yes, i do believe. the highest court in the land judged him to have breached the oath of office. that in itself makes it difficult for him to command the kind of respect which would be able to ral

or slammed on the brakes, somebody has gone through the windshield. >> it is all next on "bloomberg best." ♪ >> hello and welcome. this is "bloomberg best." your weekly review of business news, analysis, and interviews from bloomberg television. let's look at the top headlines. political turmoil and south africa continue to undermine confidence and that nation's economy. >> president zuma may face a confidence motion. the rand is lower. >> some top officials are speaking out against the cabinet reshuffle, saying he did not consult them, and speaking out against the firing of the former finance minister. it seems it is critical as to whether this motion of no-confidence will succeed or not. >> do you think he should step down? >> yes, i do. they have charged him to have breached the oath of office, and that makes it difficult for him to command respect which would rally and unite various sections of the south african population. >> s&p has cut south africa to jog, political risk front and center with growing pressure on jacob zuma to resign. >> we are concerned about the impact on

here are the top stories following on the bloomberg and around the world. european markets holding on to ,heir appetites for risk campaigning around two of the french elections. the stoxx 600 edging higher. marine le pen goes on the offensive again against rival emmanuel macron. vonnie: where are the biggest value opportunities in europe? cveyill speak to henry m on why he thinks european economies have a lot more room. as president trump approaches tax reform, we will talk

bloomberg first word news. in the u.s. donald trump has said america can totally address north korea's nuclear threat unilaterally if china does not cooperate to put pressure on the state. ahead of a summit between the u.s. president and his chinese counterpart. he said he will discuss north thursday and friday. donald trump's son-in-law jared iraq, his in expanding foreign policy role. kushner, a senior advisor to the president in the husband of people the trump traveling with .oseph dunford, south korea's from speaker is considering a request to recall lawmakers to debate on opposition sponsored motion of no-confidence in president jacob zuma after he made cabinet --nges that party changes party leaders said was that without his consultation. he would have to resign if they no-confidence motion. hasserving prime minister claimed a landslide victory in the presidential election. giving russia a chance to keep the influence in the balkans. keep cutting servia on his past .he european union union lena dunham for the country

let's take a look at the bloomberg. what i want to show our viewers is that the year on your change in the u.s. bilateral trade deficit with china, compare that to the evolution of the bilateral trade rate, the blue line. this model is against the two-year change in the yuan against the dollar. from 2005 to 2012 it was good. the evolution of the exchange rate led the changes in the trade balance. but not so much over the past five years. when it comes to this trade relationship between the two countries, why are we seeing this divergence with of the yuan , and what is having more of an impact when it comes to the trade deficit? it is not only about their own bilateral deficits, it is also that china is becoming a major competitor for the u.s. elsewhere. that is why the relationship should only be focusing -- i acknowledge that is what trump is looking for. i would be more worried if i was the u.s. administration, have china is gaining today global market exports. and they are substituting , andts from europe increasingl

let's get to the bloomberg first word news. japanese exports grew at the fastest rate in more than two years in march, supporting a moderate economic recovery in the base of domestic demand. most double expectations. at the same time in ports are just 1520%. the biggest gain in more than three years, leaving a trade surplus of $5.64 billion. secretary of state has heavily criticized the 2015 nuclear deal with iran. rex tillerson says it's only delays the country's ambition for weapons of mass destruction's and did not take into account the destabilizing of other countries. it is the strongest signal to eight that president donald trump may walk away from the agreement or it -- agreement. >> the trump administration has no agreement with iran. evidence is clear, iran's actions threatened the united states, the region and the world. till let moreeeds participants trade on short. a market dominated by commercial banks before lifting capital control. a former director of the international payments china's state administration of fo

that is the latest bloomberg business flash. vonnie: time for a bloomberg quick take. the u.s. federal debt limit was first conceived almost a century ago to make it easier for the government to borrow money. it has morphed into an explosive political tool with the potential to roil financial markets. competitors thought to use the debt limit against barack obama. now they are debating whether to .aise the debt ceiling the treasury department will still be able to keep paying the nation's bills for a while. first by shifting funds around and then by what's called extraordinary measures like deferring payments to retirees. the congressional budget office estimates those efforts could keep the government running through the fall but failure to raise the debt ceiling could eventually result in a first ever default on some of the u.s. government's obligations. the federal debt limit was to make it1917 easier to finance world war i by grouping bonds into different categories. in 1939 congress created the first aggregate debt limit and it was routinely raised without incident until 1

you can find more stories on the bloomberg at top . this is bloomberg. matt: let's check on the markets in asia with juliette saly. reporter: matt, it has been a great day for asian investors, rounding out this trading week. the regional index look close higher for the first time in a month. we see good movement coming through on japan's index following those kuroda comments and buying coming through in the hong kong market and the turnaround in commodity prices is helping out the australia asx 200. there has also been a fair bit of corporate news around. a very big story in terms of the energy player in australia. it has risen the most since june 2008. 99.3%, of investors have a crew the takeover, the $5.6 billion takeover. up by almost 10%. toshiba, also in focus. there is a report that digital wants to purchase its memory chip unit. coca-cola, the worst performer in the regional index, down by 11%. there is sluggish sales growth in the australian market. we are awaiting the french election and in terms of how that is playing into the asian market, you

this is bloomberg. ♪ mark: let's get to the bloomberg business flash. sebastian: lloyd's boosted its targets and mid record lows in interest rate. net interest income from lending rose 1% to 2.93 billion pounds, topping most estimates. airbus profit more than halved. its production glitches hit the newest jets. i just as earnings fell to 240 million euros. nokia has reported first-quarter sales topped estimates after the slump in network commands began to stabilize and the company reached more revenues. and samsung electronics says it will not convert into a holding company, resisting a push by paul elliott singer. as they posted a quarterly profit that topped estimates on smartphones. samsung announced its first-ever quarterly dividend. that is the business flash. mark: as mario draghi faces increasing pressure to and they ecb stimulus, with you might want to respond with a history lesson. for weeks, officials have been publicly debating whether they might start to wind down there asset purchases and raise rates but draghi's is determined not to repeat

let's hop into the bloomberg and take a look at the vix over the last two years. it is sharply higher at the beginning of 2016. it also spikes higher on brexit fears. right now, we have this calm, this complacency. we could see it's like higher on this policy from president trump. whatever it is, it could prove to be a pullback for stocks in the coming weeks and months. thanks. some breaking news, purebreds is looking at options, including a sale, after receiving a takeover interest. the shares have been holding. they were up 7.6% in the session company has a market value of $6 billion and we have seen some deals in the casual space already. let's go to hedge funds. a couple of beleaguered gears for some hedge funds. admission that his investment has turned into a $4 billion mistake. bill ackman joked about his career falling apart at a tennis tournament this weekend. what should investors take away from this? joining me to discuss is michael singer. an activist investor, hedge fund manager. it is not turning out well for u.s. activist hedge fund managers. why is

here are the top stories we're following on the bloomberg and from around the world. french election campaigning grinds to an early heart following the attack. -- an early halt following the attack. how are the elections faring with memories of brexit and the trump election still fresh? and: and bracing -- vonnie: bracing for the possibility of a marine le pen advance. we hear from pure moscovici. should beent trump having steve mnuchin reviewing tax regulations. will this kickstart the long-awaited tax reform? mark: european equities are trading now, stocks remarkably resilient ahead of the first round of the french presidential election on sunday. these currencies in your second column are falling against the dollar. the euro was up earlier, now down about .25%. it's headed for its biggest weekly advance in three months. yields gaining across europe and cbs isodities your final two columns. gannon is down, reported its third consecutive quarterly drop in volume and -- and included $10 billion take her of -- take over of white wave foods. a move that some analysts in

7498 if you are on the bloomberg. it shows limited pricing and of concerns around tech stocks in taiwan. this is the stock you might expect to see some weakness in. people are worried about what was going to happen between the u.s. and chinese trade relationships. guest: i think it is -- it helps the discussion in a way what north korea has done. has got thing is trump some popularity at home. if he can prove he is doing something on the diplomatic front, that is a plus for him and should improve his approval ratings. you have the discussion with him and president xi, saying that china will go further. started to move to put some pressure on it and they can move further not before u.n. sanctions but they will be further and that gives president trump something to say, this is what i have achieved. it is a distraction that helps them. as far as the markets are concerned, we have seen trump sort of fail in many of his policy agendas. this could give him a little bit of credibility. it could be a bit of a boost to the tr

this is bloomberg. ♪ taylor: this is the "bloomberg surveillance." let's get the bloomberg business flash. nestle posted first-quarter sales earnings that beat estimates. among the reasons, the price .ike on next cafe overall, they have been able to raise prices 1% in the midst of week consumer demand. saleser posted quarterly growth that beat estimates. the maker of dust soap in themed their outlook first announcement since turning from kraftover heinz. sales were unchanged in the food division. and two of the highest high-speed trading firms will combine. virtu financial has agreed to buy kcb holdings. kcg has six times as many workers. that is the bloomberg business flash. days to go and not a clear winner inside. the toppling candidate is within six percentage points of each other. the numbers represent has citizens plan to vote. australia-based firm is warning that the result may cause extreme market moves. cannon joins us now. can they move the needle on the polls? theline: it is over with big rallies because marine le pen did her last one in m

this is the "best of bloomberg technology." where we bring you from all our top interviews from this week in tech. the reviews are in, the galaxy s8 hits the market. but will the demand be there? how it stacks up against the competition. plus, facebook's f8 congress and mark zuckerberg's plan for augmented reality. the scoop that has twitter buzzing, a $400 juice are feeling the squeeze. first, to our lead. anticipation has been growing around the release of samsung's galaxy s8 smartphone with more than one million advanced orders, a new record for samsung's home market, but will the demand be there. growth is expected to slow down this year. we caught up with an analyst and cory johnson. >> there is a lot riding on it. samsung has a reputation to repair. we collaborated with the to do this quick study to see. the note 7 issues did not seem to be a barrier. they said that was not a deterrent for them to consider. with existing owners, it was 65%, so i don't think that is in the mind of a consumer as big of a deal as people made

180,000 is your estimate for payrolls in the bloomberg survey. here is the payrolls report from d.c. >> how do you spin this one? created,00 jobs were 98,000 jobs in the month of march. the unemployment rate falls to 4.5%, the lowest since may of 2007. >> i would not extrapolate this to say it is a weak jobs report. 178,000 and will probably settle around 150,000 eventually , and wage growth was as expected. this tells you the economy is gradually transitioning from job creation to higher wages, and i think it is line with the gradual recovery we have experienced. >> overall we are pleased with the jobs numbers. when you look at the unemployment numbers going down, both the 4.7 number going down as well as the higher, they use six number coming down by 3/10 of 1%. when you take that and put on top of that what we know is coming with the jobs being created by the companies we have talked to and moving manufacturing back to the united states, we are very excited. david: still ahead as we review the week on bloomberg best, exclusive conversations wi

that was in the bloomberg survey, 235,000 is in the previous report from d.c.. how do you spin this one? just 98,000 jobs were created. 98,000 jobs in march. the unemployment rate falls to 4.5%, the lowest since may 2007. >> i would not extrapolate this to say it is a weak job report. the three-month average, we are on the 78,000, probably setting around 150 thousand -- 150,000 eventually. wage growth was unexpected, so this tells you the economy is gradually transitioning from job creation to higher wages, and it is in line with the gradual recovery we have experienced for a number of years now. >> overall, we are pleased. when you look at the unemployment number going down, both the 4.7% number going down and the u6 number coming down by .3%, then you put on top of that what we know is coming with the jobs being created by the companies we have talked to and moving manufacturing back to the united states, we are excited about what is going on in the future here. david: still ahead as we review the week, exclusive conversations with the president of argentina a

vonnie: time for the bloomberg quick take. venezuela has more oil than saudi arabia and more poverty than brazil. country's plate with shortages of everything from toilet paper to antibiotics to food. the nation's leader is holding on tightly to power at a high venezuela's democratic institutions. here's the situation. the supreme court stripped the opposition of power last month. what it quickly reversed itself after a plunge in the approval ratings. " except said the country was no longer a democracy. plummeted 10% in 2016. with the country short on cash and imports, citizens wait in long lines to find scarce household items. probably, shortage is the first major food riot in decades. chavez was elected president in 1980 eight and revolutionized politics with u.s. rhetoric. he reduced the economy's capacity to produce anything but oil. unlike shabbat is, -- has struggled with popularity. he faced high inflation which has pushed millions back into poverty. second only rates to honduras. his critics say he has uncles managemen

here are the stories we are covering on the bloomberg and across the world. one hour ago on trading day stocks will change following a margin report that missed its mark and a missile strike against syria that did not. defense contractors and gold have been hired throughout the day. wantsump and ministration to bring back the glass-steagall act, but doesn't have any chance of passing with washington lawmakers? we will ask a member of the banking committee what he thinks. -- slams jamie dimon about regulatory burdens. we will bring you more from his interview from earlier. and a check on the markets with abigail doolittle. one question would be if the major averages hang onto the very small day. unchanged, investors trying to digest what that weaker non-form payrolls report means. though syrian missile attacks are surely helping the defense you we have all the defense contractors trading sharply. on aoments ago, i was told phone call that he believes this is a visceral reaction unless it really helps it profit outlook -- profit outlook for these companies. per