i'm highly living in sydney. rishaad: i'm -- i'm haidi lun in sydney. rishaad: i'm rishaad salamat in hong kong. a strong performance from domestic business. coming in just under 2.6 billion u.s. dollars, slightly below the average thinking. theyhief executive says remain constrained by intense competition. part in thefull or coming days haidi:. softbank is spending again, possibly investing $1.4 billion in an online payment is in india. we are told deals are not yet final, but it would be the owner of the india's largest digital payment provider. sources say 197 has met two other potential investors. rishaad: australian retailer woolworths saying a second lots for the big w stars. -- stores. that is after a shortfall in the first half of $20 million. 8.6% years are down on year. on the upset -- upside, food sales of almost $7 billion. when we look at the comments out of the bank of japan, governor kuroda is talking about this at thethink tank summit asian development bank. talking to yokohama. he's making comments about healthy competition being very a

this is bloomberg. ♪ ♪ betty: we are counting down to the sydney open. sydney users are up 0.1%. we have a lot of data to get through and movements not just in u.s. trade but also in asia. and watch out for another big settlement that the world will be watching, the e.u.-china summit in brussels. all.is likely i am betty liu in new york. haidi: i am haidi lun in what you can see is a beautiful morning in sydney. be filledek bound to with news, but it will be a volume light session ahead. we have china, the u.k. and the u.s. close for holiday. a quick reminder of friday, up 0.7%. we had the selloff in oil. that really weighed on energy material resources on the asx. 0.1%. seeing futures up president trump is back in the white house after the first foreign trip that divided allies and opinions. germany says europe and the u.s. are drifting apart, china needs to step forward as a champion of global trade. we have the chief china economist joining us from hong kong. this does sit nicely with beijing's ambitions to build the vacuumfill the influence that the u.s. is leaving. reporter:

sydney like to congratulate you on this tremendous achievement. nothing more important thanking about a teacher and a greaty to being teacher. you're all great teachers. congratulations. trip to theay your white house was something special. melania has been working with you. she's a tremendous fan of wonderful teachers. very hard.d this is melania's birthday. happyation to say birthday. thank you all very much. you goss you all and back and keep teaching those students. there's nothing -- [indiscernible] i had some of the biggest executives in the world. times theyhere many walk into the oval office and they start crying. i promise won't say to your stockholders that you cried. i seen people cry. it's a very special place. special building. much.you all very thank you. [applause] >> thank you. >> pleasure to meet you. >> check out our c-span atssroom website c-span.org/classroom. it's full of free teaching resources for c-span classroom members. givesproved lay offensive teachers easy access to classroom including short term importants that highli

in sydney. a.m. in sydney. we have a fairly dark view of the sydney harbour bridge, but there is a lower close in the friday session. betty: i am betty liu in new york where it is 6:30 p.m. you are watching daybreak australia. both go to first word news. haslinda: security experts say the week is unprecedented -- the weekend's unprecedented cyber attack will continue to claim victims. the malware used in the technique was stolen from the national security agency. it affected the british national health service, russia's military -- ministry of the interior, logistics giant fedex. >> this is something we have not seen before. the global reach is unprecedented. the latest counties over 200,000 victims in at least 150 countries. haslinda: china's premier said they will continue with crude money policy, and they will maintain stability and financial markets. state media told christine lagarde they are continuing to manage slowing exchange rates. they say china will strike a balance between volatility, deleveraging

sydney time or 6:00 -- 6:20 p.m. in new york. ♪ betty: as you just saw, jamie dimon, the forum at president trump's trip to saudi arabia. billions of dollars, hundreds of billions of deal signed between the u.s. and saudi arabia. ramy inocencio is here to tell us some of the big ones. an inauguraln event. this was huge. betty: huge. ramy: you took the words out of my mouth. 50 u.s. ceo's or so, or the saudi businesses. it was amazing, hundreds of billions of dollars. this is always a goal for saudi arabia, to modernize its economy and diversify itself from oil. here, thisald trump is one step over the next 10 years in terms of hundreds of billions of dollars. let's look at donald trump saying this. donald trump: we signed historic agreements with the kingdom that will invest almost for hundred billion dollars in our two countries and create many hundreds of thousands of jobs in america and saudi arabia. ramy: $400 billion according to donald trump. these are some of the companies that are involved, ge, exxon mobil,

haidi: i'm haidi lun in sydney. you are watching daybreak australia. looking at futures ahead of the citi open, asian futures are broadly higher in the wake of that collective sigh of relief appalling scenario with the french elections. look at how we close in , i risk offown 0.7% session. we had the plunging commodities, inching the index the most in one year, horrible selloff in iron ore, a little bit down for a couple days. taking a look at how things might be brighter in the start of trading. we have got the last of the big banks coming out with their earnings, and westpac, many surprises. paul: westpac will be quite pleased with $4.2 billion, up 3%, net income $1.9 billion. the dividend is $.94. .he critical margin, 2.70% where we are seeing those, it is narrowing down in the past week and we had national australia bank. both of the banks shares sword. -- soared. we expect household credit growth to ease with the results as the house price is slow in australia. will be interesting to see that. haidi: and in the media sector we are seeing moves, an

haidi: i'm haidi lun in sydney. left-leaning moon jae-in has claimed victory in south korea, pledging to the you -- unite the country after nine years of conservative rule that ended with the impeachment of president park geun-hye. he had more than 40% of support. shery ahn is in seoul. what did they bring to the presidency? all of the votes have been counted, and moon jae-in has won with 41.1 percent of the vote. his first schedule is to come here this morning. he will pay respects and visit the graves of former presidents, and even of the late father of president park. he wants to show unity in this very divisive and turbulent time for the south korean country. -- speech after his deep declared victory to supporters, he said this is a victory for the people who fought in order to make a country for justice. --n jae-in led conservative the conservative candidate, the centrist coming in third with 21%. given that there were very high expectations, and local media reporting there is a danger that some members of the

haidi: i am haidi lun in sydney. china markets trading per usual as it is much of southeast asia, but the two biggest movers in terms of price action, the yen going past 112, heading towards 115 according to some analysts, and the apple story, disappointing. apple falling in the after our session come up but not much of a reaction because apple suppliers listed in japan and korea, so it is the ones in taiwan seeing reaction to apple earnings. let's get a look at the shanghai and hong kong open. some retail investors are getting more fearful about how economic momentum is going. and drugs finding favor when it comes to defensive place in the chinese market. closed along with japan and south korea, but chinese stocks coming online lower. , the specter of that regulatory clampdown, which investors are hoping will be short term pain. commentary that china's stock market should not overreact on the front page of the newspaper today. in shanghai, we have materials leading the drag. taking a look at consumer staples, given

paul: thanks so much, allen in sydney. back on the fed, the president of the san francisco fed saying the reduction on the balance sheet will not be a problem for the markets. in fact, it will be boring. we will have another opinion in the next hour when st. louis's fed president joins us. kathleen hays is watching all of the fed speakers. he was saying it will be an uneventful thing for the market. >> he can say all he wants and fed officials have. are market investors understandably wondering what will happen. betty: this has never happened before. we know the fed signal they wanted to start balance sheet reductions. the minutes of the march meeting got the conversation going more. for the first time, the fed outlined potential steps for how they will do this. john williams said in prepared remarks and in a great interview yesterday in singapore that it will be the most telegraphed move ever. he cannot give details or tell us how much they will reduce the balance sheet, but it is coming soon. here is what he said. >> is

sydney opera house gets a makeover to improve its notoriously bad acoustics. coming up in sport at half—past: fifa start an inquiry into the transfer of the world's most expensive player — paul pogba to manchester united. they want to know who received what from the £89 million deal. billions of pounds invested in schools — that's what both labour and the liberal democrats are promising if they win the general election. labour says it would plough five billion pounds more into schools in england. the lib dems are going further than that — they say they would invest an extra seven billion across the uk over five years. 0ur political correspondent, leila nathoo, has been looking at their plans. it is an issue that has galvanised pa rents it is an issue that has galvanised parents and teachers across england. now school funding is firmly on the election agenda. labour is pledging to transform an education system it says has been starred of money. every child whatever their background will be given the opportunity to unlock their full potential. we will g

richard in sydney. in australia, ta ke richard in sydney. in australia, take a look at these. they are called smashed avos. in mexico, guacamole. wherever you are, these avocados are getting more expensive. prices have more than doubled last year. that is due to a lack of supply in america. demand is surging. what has led to these surging. what has led to these surging popularity of avocados? we spoke to a restaurant and bar operator in singapore. it definitely is. look at the entirety of singapore and restaurants. five yea rs singapore and restaurants. five years ago, there were maybe five mexican restaurants. now there are 20. there are chains. people are more aware of what avocado can do for you with health benefits. there are many young families in singapore and it is good for your kids. it is out there and in demand to bite we will break down the nutrients. what makes it a healthy fruit? it has way more potassium than bananas. that used to be the free people would eat for potassium. it creates electricity in your brain. for potassium. it creates electricity in your brainl

in sydney and 9 p.m. in new york. i'm haidi lun. rishaad: i rishaad salamat from bloomberg asia headquarters. this is "bloomberg markets: asia." ♪ haidi: earnings for the key drivers of asia returns from the mayday breaks, japanese stocks seeking to extend monday's game. rishaad: president trump telling bloomberg he's prepared to break up the banks to separate consumer and investment operations. haidi:

i am haidi lun in sydney. a recheck of the latest business flash headlines. bmw is set to halt production in china and south africa for at least a day as it grapples with a shortage of steering production. the facility in munich has been affected. the problem stems from an unidentified italian supplier, which has been unable to make deliveries required by bmw. warren buffett has buddy a 3% stake in german chemicals -- has bought a 3% stake in a german chemicals company. he became one of the company's top shareholders. china's pharmacy is reported to be interested in buying the body shop, which has been up for auction by lori l a price tag of more than $1 billion. l'oreal but the body shop from british of the turn -- a british entrepreneur in 2006. minister,mese prime the first set the first southeast asia leader to meet president trump when they sit down in washington wednesday. he spoke to bloomberg about leaving for the u.s. about i o trade, the tpp, and being called -- cheat.eek to promote thes comprehensiv

i'm haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. , thent having a tough time stock price at least, in hong kong. it is a declining market. profit did top estimates. look att to lulu for a the results. impressive growth. of course everything is being sold off. >> quite a volatile share price this morning. the share prices are up again. as soon as you say that. >> if you look at what tencent is becoming, another record for them. as soon as you say that. >>they are becoming quite the hybrid of netflix, marvel, facebook, amazon, a lot of new business parts coming in, and all this is growing nicely to give them more time to drive into cloud, finance, hollywood content. where they are growing for this quarter and pass quarter was mobile game revenue, specifically their top downloaded app. analysts are expecting this could contribute more than 50% of revenue for mobile games this year. you outlined some of the company's ambitions, but what are tencent's priorities right now? >> for them, the futu

haidi: i am haidi lun in sydney. a group including tpg capital has revise its bid for fairfax media to an all-cash offer of 2.8 billion australian dollars. the consortium has ditched a plan to cherry pick the publisher's prized assets and will now pursue the whole operation. the offer is worth $1.20 a share. fairfax closed at $1.07 on friday. shares trading in sydney at the moment, upside of 7.25%. rishaad: the investment arm of abu dhabi's sovereign wealth fund planning to invest $15 billion in softbank's vision fund. it sees significant opportunity for returns and will make the investment over the next five years. softbank's fund will wrap up with $95 billion of commitments. lowi: airasia planning a cost carrier in partnership with the everbright group. ofis part of its ambition raising a pan-asian airline. ordered hundreds of planes and will invest in infrastructure, including a low-cost carrier terminal. let's turn our attention to central banks, the fed on a tightening path, the ecb debating tempering its stimul

renovation work gets underway to improve the acoustics inside sydney's opera house. i, nelson rolihlahla mandela, do hereby swear to be faithful to the republic of south africa. after six years of construction and numerous delays, the channel tunnel has been formally opened by the queen and president mitterrand. the tunnel is still not yet ready for passengers and freight services to begin. for centuries, christianity and islam struggled for supremacy. now the pope's visit symbolises their willingness to coexist. roger bannister became the first man in the world to run a mile in under four minutes. memories of victory as the ve celebrations reach their climax. this night is dedicated to everyone who believes in a future of peace and freedom. this is newsday on the bbc. i'm rico hizon, in singapore. our top stories: us president donald trump has sacked his fbi directorjames comey, saying fresh leadership is required to restore trust in the organisation. the top democrat on the house judiciary committee says it "reeks of a cover up". the liberal human rights lawyer, mo

thank you so much, adam haigh out there in sydney. a softer tone it will end on, given the jobs report tomorrow. another event we are watching, president donald trump and australian prime minister malcolm turnbull in his short meeting in new york. headlines crossing, trump saying a deal has been worked out on the refugee situation, which was the subject of that contentious phone call between them two. inocencio has more. do we have details or ideas what this deal could be? ramy: not yet. in the past 10 minutes, they decided it was worked out. this was very quick work. something was a ready already and they decided to hand it over to malcolm turnbull and his administration. not yet sure. he earlier in the past hour, floated a couple things. one thing, maybe australia could do more patrols in the south china sea to keep china in check. but he negated that. australia could commit more military services to the middle east, potentially syria, to help and support mr. track what iss to happening with the bashar al-assad and russia. those are

i am haidi lun in sydney. holdings is said to be cutting staff and shutting down offices in singapore in mumbai. currencies would withdraw almost completely from making goods in european etf's. g being is being -- kc bought. of the staff and relies more heavily on technology. it willfrom japan say really's profit forecasts through next march on friday. the news says the forecast of the company by a three-year business plan. the nikkei's backing a net income of the hundred $60 of $360in sales -- million. that could happen in july. end.st does not s&p global rating for default on its debt within a year. c plus.iple singapore lifts its noble stocks have plunged.it will not be enough to cover debt due by may 2018. jaguar lander of all -- land rover has reported its earnings. this could be affected by slower sales growth of commercial trucks. let us take a look at the indian auto sector with a senior vice president for mobility practice. he has advised other indian foreign companies. he is coming to us from singapo

i am haidi lun in sydney. this is "bloomberg markets: asia." this is a week where we are expecting calm after the royal and toya that has engulfed oil and last week -- r l that has engulfed markets last week. take a look at this chart through there have been concerns that the falling over in the oil price may correlate to a pause in the emerging market rally. see a little bit of a stumble when it comes to brent crude futures has not been correlated when it comes to em. they have been pretty resilient. j.p. morgan saying valuations more run and there is to go when it comes to this rally. the question is whether opec can convince markets to go higher when it comes to that crude price. eventually 2017-2019 expectations or the price for wti, the most recent expired contract, everything converging at $50 a barrel. believe opecysts needs to do something, shock and all, if it wants to move that price and expectations. shanghai and hong kong online. we are looking at cathay pacific. is it a tailwind or head when you a

now on set in sydney. we will be watching the iron ore price. a lot of uncertainty over the outlook, whether the stabilization story for china is real. >> it is easier said than done. i think some of the thinking here is to try to just begin with a paradigmatic change of mindset trying not to rely as heavily, intellectually, are mentally, on the internet -- on the boom to sustain a going forward. my attention has to be done to tapping into the expanding not only inside china, but i think also to open the door more to chinese engagement in australia, whether that is to investment, tourism, in education, like. haidi: you see that in the , what isof regulators in the nation's interest or not, and the immigration tweaks we have seen.do you think australia is potentially hurting itself , following along the path donald trump is taking? >> potentially so. not just in australia, but the u.s. and elsewhere. it's probably not a good sign going forward, especially for global mobility. australia needs that mobility. australia has always been a major tradin

i'm haidi lun in sydney. drink from casey j holdings is said to be cutting staff and shutting offices in singapore and mumbai. also structuring currencies for four for clients and withdraw almost completely for markets and european etf's. casey cheese being bored by -- chief financial for more than one pointer billion dollars. there just one sex of many staff and rely heavily on technology. reports from japan -- forecast for the year for neck -- through next march. the forecast will be accompanied by three-year business plan -- news is expecting after -- income of $360 million unveiled apply for realo estate on the tokyo stock exchange which could happen in july. is launching noble again towards another all-time low after global ratings said it could default on its debts within a year. the agency cut one to racing by three notches. .hey formed of trouble ahead singapore listed noble stocks and bonds -- have plunged. liquidity won't be enough to cover debt 2018. coming up, why investors seem to be divided when

that is at 9:40 in sydney. choi joining, paul us from seoul. he will be there with shery. 10:40 if you are watching in sydney. anchor: south korean markets closed here today. let us get to the first word news with nina melendez. nina: former white house officials say president obama warned his successor against hiring general mike flynn as national security adviser. the revelation comes as a former acting attorney general told the senate's committee that she feared that flynn, in her words, "could be blackmailed by moscow." she was testifying about budget interference in last year's presidential election. the u.s. navy says it will continue to contest beijing plus claim to most of the south china use andsisting a pa patrols did not mean the disputed waters are a lower priority for washington. scott swift told the briefing in singapore that the changing administration naturally meant disruption, but there was no change in overall policy. china's biggest soft drink maker says it is worried about being watched from u.s. takeovers as it looks to gr

haidi: i am haidi lun in sydney. this is "bloomberg markets: asia." rishaad: we're counting you down to the start of trading. the index in the pre-auction up a fraction. hang seng futures indicating a more pronounced rise, but not that much. shanghai, a pharmacy a making apparently according to sky news an inquiry about participating in a bid for body shop. there have been some talk about this initial price target being one billion euros. some saying that price is "widely optimistic c." near 700istically million euros. on the 21st of april, private equity company said to be the next round of bids for body shop and perhaps renhe pharmacy is one to watch. itdi: fewer headlines when comes to these high profile chinese acquisitions abroad this year. certainly that is one we are watching. i'm looking at this e-commerce outfits. they have had a hard time. the stock fell 22% after it was targeted by short-sellers report , saying the allegations made in the short seller article are biased, inaccurate, and liz leading, so tha

thank you, adam haigh, from sydney. despite the yen weakening, historically high profit margins, as he described, it is rare. companies have a conservative outlook among the labor shortage and sluggish demand. we have more on this story. conservatives in japan, they seem to go hand in hand. they do, there is a long tradition of company executives making conservative forecast at the beginning of the fiscal year, and upgrading when things go as planned. if things are better as planned, there will be more upgrades coming. that is what happened last year. most of the analysts are looking for that to happen again. their numbers remain higher, there is quite a big gap between what analysts see with expectations for the year, and what the companies themselves see. there have been significant misses. they are putting that down to conservativism rather than pacifism. there is concern about labor shortage. that is one factor that is a wildcard for companies. we do not know how much they will be forced to raise wages in order to k

hywel griffith, bbc news, sydney. with that, it is time to say thanks very much for being with us here on outside source. it's been a very dry week so far but oui’ it's been a very dry week so far but our gardens are desperate for rain. there is some rain way but not eve ryo ne there is some rain way but not everyone will get it. something we will notice over the next day or so is the humidity, which will be rising as warm air pushes in from the south. with that, also some pent—up energy in the atmosphere and some thunderstorms, but not in the short term. by the early hours of thursday morning, there might be some shower was pushing into south—western parts of the uk, maybe some showers in orkney, but not desperately cold during the course of wednesday night into thursday either. here's a look at the morning picture. already you can see showers and increasing cloud across southern parts of the uk but throughout northern wales, the midlands and northern wales, the midlands and north of that, the weather is lookin

suddenly, a distinct super league field in sydney. after disappointments in the autumn‘s four nations, this was the performance they were expecting. five tries mean england take to the skies with the winning feeling. pretty solid performance from england following australia performance yesterday. coming up the world cup and the autumn and rugby league correspondences england was my chances of winning the tournament we re my chances of winning the tournament were enhanced by today‘s performance. on the back of what we have seen, you would say england are second favourites. new zealand a little bit disappointing. if you are to make a bold prediction at this point you would predict and australia england final, but some more will be good in the world cup finals, fiji will be good, tonga will be good, but a lot of underrated nations in the punch through. churchill conquered one of europe‘s great horse races — the 2,000 guineas. that‘s a record eighth win for trainer aidan o‘brien in the classic. it was jockey ryan moore‘s sec

the building that defines notjust sydney, but australia, is like no place in the world. in the baking sunshine, the opera house's tall sails are iconic. but inside, the sound is not so stunning. its resident symphony orchestra is filled with frustration. the shape of the concert hall makes it hard to hear themselves and each other play. it is a bit like playing ball on a pitch that's surrounded in fog. you know your teammates are out there somewhere, but they're hard to see and for us the issue is that they're hard to hear. often i don't feel like we're really always playing together and then with some of the other sections of the orchestra we can have time delays at times as we are following the conductor. the problem dates back to the very beginning. changes were made to the original design. the architect fell out with the engineers and never saw the finished building. after decades of trying out different fixes, a new system of reflectors and rises has been tested and it is claimed will finally deliver crystal clear sound. it was honestly like someone had just lifted

renovation gets under way to improve the acoustics inside sydney's opera house. hello. president trump's decision to fire the director of the fbi has been met with widespread shock and a mass of questions. james comey was the man in charge of investigating russian interference in the us presidential election, and whether or not the trump campaign colluded with the russians. the white house says mr comey has been dismissed on the recommendation of the attorney general, jeff sessions, and his deputy. their letters to him have been made public. president trump told the fbi director he was not able to effectively lead the bureau, and went on to say he was hereby terminated and removed from office, effective immediately, and that it was essential to find new leadership. the democratic leader of the senate, chuck schumer, told president trump he was making a big mistake. the first question the administration has to answer is why now? if the administration had objections to the way director comey handled the clinton investigation, they had those objections the minute the presi

second airport in sydney. that undertaking will be done by the government. we will see a billion-dollar announcement in next week budget. elsewhere, the australian dollar did not move a great deal on the back of the reserve banks decision to keep the cash rate unchanged. global markets are waiting on the outcome of that two day meeting of the u.s. federal reserve. earnings to watch out for, and yes i see bank -- india's icici bank. i'm paul allen in sydney. more from "bloomberg technology," next. ♪ emily: this is "bloomberg technology." i'm emily chang. let's get back to our top story. apple's second-quarter results. the stock casting a huge shadow over the markets. it is the top performer in the dow this year with a 27% gain. wall street analysts have 39 buys on the stock and gina barton adams, chief, equity strategy that bloomberg joins us. earnings,en watching up 27% here today. -- year two day. reporter: i guess investors are willing to pay for it. it is one of the strongest performers in the tech sector

hejoins from sydney roosters with saints lying seventh after their win over lee. the european patent can challenge sop is the best results from britain in 17 yea rs. the best results from britain in 17 years. the four medals, two of them we re years. the four medals, two of them were killed. a complete funding extra uk sport came into full effect last month and it saw half the players and coaches lose theirjobs. those who remained have launched a crowdfunding campaign to try to safeguard the future. after months of struggles which have seen athletes and coaches lose their jobs, british badminton players finally have something to celebrate. it has been a very tough time that everybody back at home has been resilient. we have stuck together and we have set plans and goals that we still want to achieve and we will push on, despite what has happened. historic european gold medals are a timely reminderfor historic european gold medals are a timely reminder for those following the devastating news about the uk sport funding axe. in order to win a reprieve and future fun

let's get more from adam haigh, joining us live from sydney. traders of pride to the silver lining we usually get when it comes to blooming economic data. they set their guns on a possible june hike. how will that play into asia today? adam: good morning. we are seeing it play out in a selloff in australia on government bonds. the tenure is picking up slightly. investors have to digest this fed date. they're looking to the line with the fed has said, prepared to look through the weakness in data the early parts of this year. there has been plenty of data this year in auto sales and cpi. it made investors nervous about the u.s. economy. maybe a bit of reassurance from the fed. as we look into the start of the asian market session, we should see australian equities start off in a bit of a tough situation. we are seeing weakness and aussie in the past 12 hours. i think that is all behind this rally in industrial metals, and the copper price. that will weigh on the big producers. the hong kong open -- market reopens after the holiday. apple earning

i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. planes domestic comac investing in boulevard is single aisle plane. this is the sea-series. 75% of mainland aircraft done by narrowbody aircraft over the next two decades, and comac talking to rolls-royce for engines on its wide-body aircraft. , bmw come anda two other carmakers every settlements to resolve economic atas claims tied to tak airbags. lethals potentially linked products have been linked to death. seeking to capitalize , aston martincess may list in london. 60%eri shares have risen by , trading at a reasonable violation, 14 times earnings. that multiple would value aston martin at $3 billion. thei: trade ministers from states meet over the weekend. how significant is this meeting and the timing given everything else happening right now? haslinda: it is timely and significant. it is time for a globalization reset. globalization has raised millions out of poverty, lifted up the living standard for millions more, but it has also caused disruption. president trump blames glob

suddenly, a distinct super league field in sydney. after disappointments in the autumn's formations, this was the performance they were expecting. five tries mean england take to the skies with the winning feeling. so a good win for england. it follows australia's win against new zealand in their only warm—up game yesterday. so next up is the world cup in the autumn, and our rugby league correspondent dave woods says england's chances of winning the tournament were enhanced by today's performance. on the back of what we have seen, you would say that england would be second big bets for this world cup. the new zealanders a little bit disappointing, australia still very much up there, all of the pedigree and star players. if you were to make a bold prediction at this point, you would predict and australia england final in the world cup. but samoa would be good. fiji would be good. tonga had a very good win. there might be a lot of underrated nations who might punch through this world cup. germany's ingrid klimke leads the badminton ho

haidi: i am haidi lun in sydney. reported first half cash profit of just over 4 billion aussie dollar's. the bank announced an interim dividend of $.94 a share in line with analysts forecasts. westpac says it sees resilience and good prospects for the australian economy and expects house price growth in the biggest cities to slow. groupd: china's hna behind the sale of a $500 million stake in standard chartered. omura dispose of the one point 6% stake after the conglomerate increased its position in deutsche bank. is the biggest shareholder and europe's largest investment bank. numbers wouldshi reflect a 30% sales drop in its rating scandal. the nikkei reported revenue may have fallen 15% on global vehicle sales. south korea alexa new president tuesday with the kospi resilient in the face of rising regional tensions and corporate scandals at home. the vote and how it will affect the outlook for korea and a sense of the mood on the street there as well. it is less than 24 hours away for south koreans to head to the po

haidi: i am haidi lun in sydney. chinese smartphone maker xiaomi teaming up with a government-backed fun to raise $1.17 and expand its network of hardware manufacturers. it is working with the venture capital arm to put itself on the top of the domestic market. it is now fifth in china. rishaad: the aviation business enters a new era with the plane designed and built in china, the iron ore is the latest attempt to break the stranglehold of airbus and boeing on the commercial jet market. the made inind china tag, the reality is the c9 19 uses western suppliers including ge and honeywell. ferreri adjusted growth to 36%apple, compared profit margin. former parent fiat chrysler manages 3%. bloombergight, the euro spot index has gained the most due to the french election on sunday. traders are expecting a choppy ride. jonathan, thank you for joining us. there is always that risk of something going in the other direction, but it looks like mr. macron is well set. you see we could see some choppiness, why? fomc outcomed the

i'm haidi lun in sydney. a recheck of business flash headlines. the largest shareholder in ubs worthshing holdings, about $1.6 billion. a singapore fund will have less than 3% of the bank after the sale which ubs is managing. stockpiling show that share -- berkshire hathaway spent a first quarter fine-tuning investments in airline zantac, pulling back from 21st century fox. holdings in american airlines and southwest increased. warren buffett previously disclosed any boosted bets on apple as he pulled back from ibm. aoomberg is being told that hong kong billionaire is exploring options for a phone business, including of potential sales. sources say hutchison global communications is gauging interest from a range of potential buyers. they offer customers access to the fiber-optic network. it could fetch $1 billion u.s. market.'s get back to the asian markets on an oil high tracking record gains in the u.s. open. i want to bring in the head of multi-assets at baring. great to see you. i'm a little speechless wh

sydney crosby and the pittsburgh penguins one step closer to another stanley cup. corey wire has more on an ugly sports night in washington, d.c. that's next in "the bleacher report." jewelry that tells her she's the best thing that's ever happened to you. in a way... ...that goes beyond words. it could be a piece jewelry designers created just for jared. or a piece we custom made... ...just for you. because we're more than a store that sells beautiful jewelry. we are jewelers. the one, unique gift... ...that tells her exactly how you feel. that's why he went to jared. i hafor my belly painking overand constipation.ucts i've had it up to here! it's been month after month of fiber. weeks taking probiotics! days and nights of laxatives, only to have my symptoms return. (vo) if you've had enough, tell your doctor what you've tried and how long you've been at it. linzess works differently from laxatives. linzess treats adults with ibs with constipation or chronic constipation. it can help relieve your belly pain, and lets you have more frequent and complete bowel movem

paul allen joining us from sydney. betty, just talking about what we discuss in the last hour with carl tannenbaum from northern trust and the trump bump as we look ahead to the markets. have it like he did not in his forecast for the u.s. economy, and there seems to suggest reasons why he has not, because take a look at this chart. it shows the treasury spreads between the 10 and two year yield. it really has not budged at all. we have seen some retracement in the 10 year yield in the last couple of sessions. it continues to head lower here, and we continue to see this curve flattened. it seems to suggest that what really is going on, telling a different story from what the equity markets are seeing, and when we actually see the big pickup in growth. it makes you wonder if the bond traders are on the wrong side of the trade here. betty: we always know. they are many people, so -- [laughter] betty: so you might expect that. it is in line with the economic surprises we have seen for the downside. i want to break in here

we see an overall down session when it comes to sydney. the whole material sector is a bit behind today. so many could be meeting with elliott management to discuss aspects of elliott's plan to unlock shareholders value. a reporter has been on the story. they're very stubborn, not letting go. it should be yielding some sort of result. aporter: there seems to be middle ground between elliott management and bhp. they are at the same conference right now. there is a suggestion that the two sides may need. elliott has been scathing in the criticism of bhp saying its rebuttal of shareholder value notes was a do-nothing approach and one son independent review of the sale division. of destroyingp $31 billion worth of shareholder value in that u.s. shale adventure. part, andrew mackenzie gave a speech in barcelona. he admits mistakes were made with the u.s. shale assets purchased which happened just before the oil price slump. here's what andrew mackenzie had to say. andrew mackenzie: we knowledge were poorcquisitions because we paid to higher pri

this month's global guide features a stunning light show in sydney. and i leave the airport for a couple of hours to take a high—speed stop off tour of rome. it is a lot of stuff to see in a short time. can we do it? yeah! let's go! theme song plays. we kick off this week with a truly unique theatrical phenomenon. one way the actors overcome some of the hardest hurdles you could imagine, and yet produce incredible performance ismight based in israel, nalagaat, meaning please touch in israel, is the only deaf, blind ensemble. and we are going one hour out ofjerusalem to meet the groundbreaking group. jefa is one of the oldest sea ports in the world. it is so old, they say thatjonah embarked from here before being eaten by the whale. the majority of locals are arab, but these days, especially on the waterfront, it is becoming a gentrified haven for tourists and neighbours from tel aviv. but this area also has a cutting—edge culture. nowhere pushes theatrical boundaries more than the world—famous nalagaat theatre group, based at this building for m

bbc news, sydney. jane: a look at some of the other news. the congressional budget office came out with the assessment of the latest republican plan to repeal the affordable care act. 23 million people would lose their health care by 2026 under the updated plan. federal deficits would fall by $119 billion in the same period. duterte said his martial law could be extended across the country. he would not allow abuses, but he would deal harshly with terrorists. sts killed two policemen and injured 10 others. suspected suicide bomber was killed in the explosion. and in niche or has long struggled with is lawmaker militancy. day five trump is on of his international trip. today, he was at the vatican to meet pope francis. the two men have clashed in the past, most famously during the campaign when the pope spoke out against trump's plan to build a wall on the border with mexico. by both accounts the half-hour , meeting went smoothly. for more, i spoke with a jesuit priest and senior analyst at "the national catholic reporter." father, thanks ver

taking a look in sydney, we have .t. waiting on the benchmark. concerns around the fed normalization path, and even the rise in gold miners. that is not offsetting the drop in base metals player. mr. eales -- material stocks dropping. dropping 7/10 of a percent this thursday. ae fund manager said they had constructive talk in barcelona regarding proposed changes. looking at the asx 200, may not be turning out too rosy for that benchmark. in april there was a hoping for a 6000 level. this week the benchmark is falling further below its 50 day moving average, and may fall below 5680 in the short-term. fundamentals are looking intact, at least in the long run. analyst price targets for all 200 companies are putting the index above 6000 in the year. morgan financial says, don't despair. the trend is still intact. for now, losing momentum. betty: the declines not helping any at all. not losing momentum is tensioned shares. -- is tencent shares. blockbuster video and gaming results spikes all estimates. tell us more about this original content strategy

i am haidi lun in sydney. headlines,sh softbank has declined on comments it may raise its stake in nvidia. it has 4.9% of the chipmaker, just below the amount that would require a regulatory disclosure. softbank is nvidia's fourth largest shareholder with a value of $4 billion. the ceo masayoshi son says he wants softbank to be the leading tech investor in the world. toshiba said to be disputing claims in the u.s. that it's bankrupt nuclear unit of those more than $1.7 billion due to breach of contract. it says westinghouse is liable for payments it has received as the lead contractor at the plant in south carolina. the degree met comes as toshiba and scana try to negotiate agreement to finish the project. lawrence ho says he would rather run a casino in osaka than tokyo when japan legalizes gambling. the government has yet to say where casinos will be allowed to operate or who can run them. the japanese market could be the most lucrative in the world, generating $25 billion this year. melco says it would pref

posts: you rose in the ring sydney army. dunn: they tend to bonus the doctors. i was lieutenant colonel. host: net you spent some time in washington, d c, before coming here. dunn: i was in my residency here on walter reed. i met my wife, she was working as a contractor for the government. it was fun. militaryvery, very background as well. here we are 35 years later. three children, three grandchildren. host: you are from a military family. did your mom serve? dunn: no, but my father did, her father did. host: what was your lifelike with a father who served in the military? greatunn: we traveled a deal. we just thought everybody did it. we had footlockers and knew where everything went. every year we were just pack up and move to the next station. it was fun. every military family is like that. and outgoing community. you had to be outgoing, new people every year. you to introduce yourself. we were in southeast asia during the war. my wife was, too. she did three years and a caught, so -- : did you serving in the military, do you think that is what inspired you

thank you for staying across that for us in sydney. shares injapan down slightly on wednesday following that weaker lead from the us and falling oil prices dragging down the mining sector. we'll talk about that more in a moment. but the story has been that fall in the pound after a new poll showed minister theresa and the ruling conservative party in the uk risks falling short of an overall majority in next month's national election. the vote in britain, political uncertainties in italy and doubts over debt relief for greece all weighing on the minds of investors. some all of that up for you. more on that in a moment, but first let's head stateside and samira has the details about what's ahead on wall street. happening on wednesday, the federal reserve, that is america's central bank, will be issuing its facebook. this is a collection of anecdotes on the help of the economy that is taken from the central bank sources across the country. it will likely show the us economy is continuing to gain strength, as the central bank prepares to r