as were parts of asia. and we drive like a lot of intellectual places, universities, by really recruiting the best athletes and letting them go forward on the issues they know about, that research they've established. but we've wanted to maintain and develop if possible an even more coherent and cohesive picture of what's happening in the region as a whole. so we've done that in a couple of ways. they've used technology. you may have seen amti or rethinking asia or will beyond her low. when i was in the white house, it was highly classified. now you can buy two geolocate development or if researcher. we do surveys of elites in asia. we've tried different ways to add data to the historical and other expertise we have to map out the trends in the region and one of the things we've done is this forecasting event, where we take a stab at what we think will happen in the region. we do three panels. the first one, i'll moderate on political and geopolitical questions of leadership and alignment. the second panel,

. >> do you think asia can recover if the u.s. is seeing these headwinds? >> what is asia? if you look, you have japan and you have asia. asia, if youo of look at the last quarter of last year when you had the u.s. , asia had at negative return. significantlyd the u.s. equity market. having said that, if we have a negative return this year in the u.s., it is going to be very difficult to think of something for asia. of.ever you can think >> what are these markets pricing in? there is a lot of pessimism. pricing in some bad stuff, where do we go? what are they concerned about? market is very much concerned about global growth slowdown. we look a few months ago, the concern was there are going to -- this was the key higher, unexpected fed hike. we see the concern is vanishing. are repressing expectations of fed hikes. -- the marketten is not happy about that. not doing soy is well, that is the other thing. >> when we established our outlook, we said it was too early to add a risk. when we look at the valuation, it is becoming more attractive. you start 2019 with a valuation,

this is business asia. the u.s. justice department has unsealed criminal charges against chinese telecoms giant who are way they allege violation of sanctions against iran and industrial espionage the charges are connected to the arrest of juarez chief financial officer and daughter of its founder men one jew. this is the chinese delegation arrived in washington for talks to diffuse the simmering trade conflict between the two biggest economies in the world the announcement was a long time coming if you believe the rumor mill the u.s. has officially accused chinese telecom giant huawei of a bevy of crimes a grand jury in new york has returning indictment alleging thirteen additional crimes committed by wall way it's see if it's affiliate in a ram and one of its subsidiaries here in the united states the criminal activity alleged in this indictment goes back at least ten years and goes all the way to the top of the company the u.s. justice department accuses well these top brass of using a hong kong based shell compa

isn't bad for the rest of asia. you look at how multinationals are realizing they had too many eggs in the china basket. they need to divert investment but also focused investments on these countries from india through southeast asia. that is 2.5 billion people. you mentioned the younger demographics and the rapid urbanization and digitization in these economies for they .epresent enormous potential these 2.5 billion people, if they grow only half the rate alreadys -- india is faster than china, but let's say this growth at only 5%. it will china's current gdp in less than a decade. these are markets we have overlooked for far too long. shery: if we see the rivalry continue, does that mean we will see more decoupling of asian nations from china? could we see more dependence with inter-region trade growing? intraregional see trade growing. graphiced that info earlier. tophows china's drop -- trading partners are already its fellow neighbors. trading with japan, south korea, , it alreadydonesia exceeds the rest of the

on daybreak asia. this is bloomberg. anchor: this is daybreak asia. anchor: a quick check of the latest business flash headlines. air france has passed caroline airlines to become the biggest in europe. klm airlines to become the biggest in europe. it is in danger of being topped img.british airline anchor: boeing jumped at the takeover and one the approver -- approval in brazil. it is expected to be close by the end of 2019 after the draft final documents and seek antitrust approval. they have treated that brazil's national interest will be safeguarded. anchor: in ai start of said to about $2 billion and already working with advisors. the firm attracted more than $1 billion last year, a value of billion that bloomberg reported in july. >> class path is pushing ahead with a run into asia this week. the move gives the company a foothold with 11 cities across the region. from to cap -- blue phuket.ho cap -- blue >> we raised almost $90 million in financing. major investors in equinox we launched so kong,y in singapore, hong .uala lumpur in dubai -- and

one analyst told me what he sees as apple's problem in asia. just the fact that especially out from asia is the demand for chinese phones are growing faster. yes, there are obviously a large number of diehard apple fans out there, my wife is one of them, but many have been switching towards the fancier, but cheaper chinese phone. and more powerful. and of course, sometimes they are 50%, even 80% cheaper than apple phones. indeed. we are seeing chinese manufacturers, the shipments, the likes of huawei are now larger. so why is apple putting the blame on the chinese economy and the blame on the chinese economy and the trade dispute? is mr cook trying to put pressure now on donald trump to put pressure now on donald trump to cut a deal? i suppose it's part of the reason — it is far easier to just blame demand in general, a specially out from your largest market, china, to say it is a softer market, china, to say it is a softer market fundamental, we have seen that in terms of car sales, chinese are buying less cars as well. the economic data has been coming out over the last few months, i

as well as asia and of course. and of course a briton hopes to forge new trade deals any specific country in asia already standing in line. they are already you can bet china and japan are touted to be the biggest win is for briggs it's deals. this is of course following behind hong kong which was once colonized and run by and managed by the u.k. so they already have a very long standing strong investment process procedures from the u.k. tourism is very strong in financial deals as well so in all these fields of between hong kong and the u.k. are just going to increase china and japan are falling closely behind but it will take years before we see any action of these if lamentations our plans or the real result and outcomes of these deals andrea hang there from singapore thank you so much. now today marks the first day of the euro it was launched exactly twenty years ago on the first of january in one thousand nine hundred nine a currency for eleven e.u. countries and at the time it only served as book money it too

welcome to daybreak asia. haidi: let's get you our top stories. apple shares plunging as they cut first-quarter revenue guidance, blaming and expected slowdown in -- an unexpected slowdown in chinese demand. -- adding to the new year glam, a global manufacturing slump as china's factories had late disappointing -- highlight disappointing data around the world. ramy: we are seeing green on the board for this training session in the united states, the s&p 500 up .1%, futures are currently down. a minor just eking out gain. the nasdaq is the biggest bump of the three, up .5%. , they these indexes opened negative largely because pmi in asianna -- countries, like china. i will show you what exactly happened. it was the energy sector that was the biggest leader, up 2%. this after reports as saudi arabia was cutting its exports, and that gave a boost to oil. wti and brent crude rose 2% on the day. that was the highest in the past two weeks. haidi: let's look at aussie markets. they have just opened in a staggered start to the trading session. we were exp

asia is still something of a question mark. they have invested in original korea.n india and they are doing one of their first mandarin language shows paired they are doing and japan.l in they are even doing some in thailand and vietnam now. for the most part, most of the countries have one million, may be 2 million customers at most. shery: and of course, netflix recently announced they will be raising prices here in the u.s. i was thinking of renewing my subscription. i don't mind it, i like the original content. will this mean that other subscribers could really be thinking again about renewing their subscriptions? seen,er: it remains to be because this is the largest price increase they have seen in a while. if you go back to 2011, that was the last time netflix had a real crisis when it split the streaming and dvd business, which amounted to a 60% price increase for most customers, and they lost like 800,000 customers in a couple of quarters. since then, they took a while of for raising prices, and since then they've shown

sophie: welcome to "daybreak asia." haidi: our top stories this monday, asian markets set for start to the week after a strong jobs report and comment from the fed and monetary easing out of china. trade optimism helping things along. the u.s. delegation in a beijing for the first face to face talk since the tariff truce. president trump moves closer to a radical move to fund his border wall by invoking national emergency. shery: we saw markets rally, one of the best gains that we saw in this bull market. potentially setting up a positive day for asia in the equities on this monday session. sophie kamaruddin has a look at this monday session. nikkei adding nearly 2%, recovering some of the drop we saw on friday. they really fell by more than 3%. apple shares among the biggest -- tokyo.n turkey of samsung and apple looking to tie services on samsung tds. sony adding a tenths of a percent. quickly checking in on the yen, it is holding steady after losing some ground. aussie an eye on the dollar, back above 71 u.s. cents a

welcome to "daybreak asia." haidi: our top stories this wednesday, asia-pacific stocks facing a mix to start. are raising higher with the dollar. revenue met lowered expectations although china remained weak. shery: sterling reacts as the brexit deal -- there will be no delay. theresa may will head back to brussels. investors have a lot on their plate this week. we have the trade negotiations between the u.s. and china kicking off as well as the fed coming up with their decision on wednesday not to mention the brexit drama unfolding in the u.k. a have seen the u.s. markets little bit next so we will see what asia does as we lack clear direction from wall street. sophie: it is a wait and see game being played. a quick check on what is in the lineup today in asia in the last half-hour. inflation due later this morning. japanese consumer confidence for january may see moderation. december trade figures are expected to see a slowdown in exports worth. we have the nikkei 225 gaining ground this morning, up .2%, exten

business asia. a global crisis of democracy due to a collective failure to control corruption that's the conclusion the latest corruption perceptions index from transparency international the lobby group fighting graft and corruption annually ranks countries by how corrupt their citizens think their own country's public sector is not that this ranking goes by the perception of corruption not by documented evidence well looking at the asia pacific region the results are quite sobering countries that have made little progress the region's most uncorrupt country was new zealand which came in second place globally singapore and australia followed closely behind the hong kong and japan came in fourth and fifth spot on the other side north korea comes in last new guinea and cambodia fell about afghanistan were among the region's most corrupt states asia pacific is on par with the americas in its lack of progress in the fight against corruption and as well the western europe and the e.u. concerns he says o

it is a and good morning, asia. hello, world. it isa andi good morning, asia. hello, world. it isa and iam glad you good morning, asia. hello, world. it is a - and i am glad you can is a tuesday and i am glad you can join us. l us its affiliate - its it its afflllatljf:;£7 ,, ,, ,. it includes mug—i525! it includes obstructing! show. it includes obstructing justice and conspiring to conceal trade —— steel trade secrets from t—mobile. we explain how the timing of this move is significant. this is a saga that began with the arrest of huawei's chief financial officer mun wong jo back in december but we are now starting to see the meet on the bones in what america and ledgers and she has done along with her company. —— meng wanzhou. the first is trade secrets, ten counts that huawei knowingly stole secrets about a robot learning how to use a smart phone. and also that huawei allegedly conducted an fraud and conspiracy in order to do business in iran against trade sanctions imposed by the us. the next step in this is meng wanzhou will be in court in vancouver next we

one, the last xt is tion that we have which which outheast asia and way southeast asia is going to moving for relations. don't forget to turn your clicker on. u.n.?he [laughter] good luck with that. go ahead, amy. china is time when clearly still on the rise and some ited states is to degree in retreat regionally and one might expect that china would be the answer and certainly a lot of people in the audience think so. i really think this year, we're not going to see any major overall tween alignments because china is sort of on its pack heels right now. there is a lot of skepticism about belton road initiative. we have seen some changes in asian countries, notably malaysia, trying to projects with the china and saying some things about china that are pointing to ome of the china's more assertive behavior. i think the united states to some degree, we might sort of a leveling off this year because even though there is a in the region that the indo pacific strategy is more there c than substance, is still not that much flesh on the bones. the united states to some degree from china's own mi

il hes e the llhkh snug those later in - united in asia were mixed in flood markets in asia were nfixe’dirrfltrfid markets in asia were rnixe’dirrflaad the markets in asia were rm'xe’dirrflaad the end i trading, but tewardsfthe'endfif tradihg fleet the tewardsfltheendef tradihg fleet the day there . .. .. . e tewardsfltheendef tradihg fleet the day there were. l . l tewardsfltheendef tradihg fleet the g there were heavier h during the dayt 2 .ee.‘2 $5225; e e . during the dayt 2 .ee.‘2 i§§e% _ _ during the dayt 2 .ee.‘2 gem: —— markets during the dayt 2l .ee.‘2 gem: —— markets in during the dayt 2l .ee.‘2 572m: —— markets in asia were losses. —— markets in asia were mixed and flat. this is because the news about huawei and what the us justice department is accusing it of, and what that means for trade talks going forward. europe is trading right now, a mixed picture. very earnings led at the moment, a really busy day for earnings news. we have got apple as mentioned. we are hearing from so many tech giants, microsoft, facebook, ali baba, tesla

welcome to "daybreak: asia." our top story, president trump called top congressional leaders to meeting after suggesting he is open to a deal to end the government shutdown. china's present talks of changes unseen in a century as he's prepared for major speech on taiwan. asian stocks set to kickoff 2019 on a muted tone after global equities had the worst year since the global financial crisis. juliette: we are getting some breaking news across the terminal. 1.3%, the survey was for drop of .9%, all of this coming in an election year. the impact of the housing downturn particularly those key markets of sydney, melbourne, and brisbane. falling 1.3%, so that is certainly a miss there. the chinese president makes a speech in taiwan later wednesday, after a new year address which stressed self-reliance a minute and economic slowdown and continuing tensions with the united states. tom mackenzie joins us now from beijing. -- weas the key takeaway don't seem to have tom at the moment. let's go back to some of this data t

>> in some respects in the rest of asia between china and southeast asia, a number of southeast asian countries i think will have the benefit of some of this restructuring. for instance, some logistics companies have been reporting as a result of this trade conflict, broader long-term shifts in the economy numbers for instance, across different parts of the world, the rate is shifting and accelerating. at the same time, companies are -- china's business strategy. as they go out, the chain is going to be reconfigured. >> countries like china and russia have been seeking an alternative to the u.s. dollar. what do you make of the dominance of the u.s. dollar? >> the u.s. dollar has been very widely used for many years across the whole economy. during the global financial crisis of twen-2008, the u.s. dollar played an important role and the federal reserve played a key role in providing the liquidity of the u.s. dollar and to prevent a deeper recession. the u.s. dollar remains an mportant currency. there is no clear alternate to the u.s. dollar. the u.s. has the largest economy to date. f

welcome to daybreak asia. haidi: our top stories this thursday, the fed has flexibly as dovishness becomes the tone of the day. samsung is want to watch as fourth-quarter profits miss expectations. another sign of weak demand for memory chips. shery: investors await new data from china. activity is expected to have slowed again this month. let's take a look at how we are setting up in terms of the first few minutes of trading in tokyo. we have a pretty good tailwind from wall street as we had positive earnings and then reiterated by the fed going nowhere fast when it comes to its tightening regime. sophie: we have those themes going into the session in asia this thursday. also bracing for a super busy day on the earnings front. facebook, tesla, alibaba reporting overnight. in japan there will be reports from nintendo and others. from korea, samsung is the highlight. onare reasoning -- relating other results. the open, the nikkei rising, the yen holds near a two-week high. investors in japan and korea will have

but how do you measure democracy in the asia—pacific region jumping on measure democracy in the asia—pacific regionjumping on a yearly basis compared to the likes of western europe or north america? sure, so we have five categories that we look at. there are about 60 indicators that are quantified on a binary basis. the five categories that we look at the defined democracy, they basically involve looking at the election process, the functioning of the government, political participation, and it has been political participation that is the big story for asia, as for the world this year, sort of proving that actually, voters are not disengage in the democratic process. but are women now rising in power in these democracies? well, i think it isa these democracies? well, i think it is a mixed bag with women. of course, with many countries in asia, women have always been well represented, the philippines being one of them. japan has not moved in our ranking over the past year because there have been sort of concerted efforts to increase participation. you have been watching newsday. i'm babita sh

good morning asia, hello world. glad you could join us for the latest exciting addition of asia business report. we start with he tai chi and the conglomerate is expected to decide the fate of its nuclear power facility —— —— hitachi. it is expected to hold a board meeting later this thursday. media reports emerged last week that the japanese firm may suspend the project. hitachi told the bbc that no decision has been made but investors are wondering if it has anything to do with the uk's decision to leave the eu. the ceo was against brexit before the referendum. he tai chi has been investing in the uk infrastructure and nuclear industry because the uk as part of the eu. so i oppose brexit. that was the chief executive of hitachi speaking to the bbc in 2016. the company must also make a decision before february one when it is scheduled to report its earnings. i was told by energy expert why he thinks they will cancel the project. if they keep the project there will be more deficit. it is time to cancel. does

abe continues to try to manage major power relations in asia. so let me conclude with a few thoughts. some of them are -- i've alluded to already. i think the u.s.-japan relationship still is the strongest, and i say that not lightly or not because i support it but i think still if you look at the overlay of america's relations with other allies, i do believe the u.s.-japan alliance is on a firmer footing than many others. i think the abe-trump relationship continues to be the fulcrum for stabilizing and managing this partnership despite all of the kinds of hurdles and bumps that i have noted. i still think that the prime minister and the president continue to reach out to each other and see each other as colleagues in attempting to deal with some of these political challenges. i think that a lot of the same issues are going to be in the headlines in 2019. we could of course have a surprise, but the north korea and the second summit, if it happens, will be just one more opportunity to make sure that tokyo and washington are aligned on the milita

"daybreak asia." paul: our top stories this tuesday, a warning for davos. is slowing further and risks are rising around the world. president xi talks of serious dangers with china facing a simmering trade war and growth at its slowest in three decades. shery: asia pacific stocks face a muted start. let's get straight to sophie was a check on the markets. south korea fourth-quarter gdp numbers, a big beat. sophie: we are going to have some reaction to that. fourth-quarter growth coming in better than expected, expanding on a yearly basis compared to the 2% gain in the previous three months. increased spending by the government to help offset slowing exports. concern as hinted at by the early january trade data that saw exports tumble the most in more than two years. ares check in on how stocks kicking off the session in seoul. we have the kospi opening flat after a five-day advance. the nikkei gaining ground, .1%.ds aussie shares are falling for the first day in six months lower. are looking at subdue

asia bibi, pictured here shortly after her conviction in 2010. the christian mother of five was sentenced to death for alleged remarks about islam during a row with fellow farmworkers. they had refused to share the glass of water with a non-muslim. now free, she lives in hiding. no longer on death row, but still in constant fear for her life. and this is why. hard-line islamists calling for her to be hanged. her acquittal in october last year triggered days of nationwide demonstrations. >> in every corner of the country, the sons of islam have voiced opposition to the supreme court verdict by going onto the streets. what kind of a verdict is this from the supreme court of an islamic republic, which is troubling muslims with satisfying infidels? reporter: demonstrations were only called off when the government agreed to bar bibi from leaving the country pending today's verdict. but this is a case already linked to the killings of at least two people. a governor, seen here on the right, was assassinated by his bodyguard in 2011 after speaking in bi

to "daybreak: asia." shery ahn: over the next two hours, we will bring you the news you need to know as markets open across asia. haidi: theresa may survived a no-confidence vote and says rivals must work in the national interest. apple telling bloomberg that hiring may be cut. huawei is said to be under criminal investigation for stealing trade secrets in the u.s.. an indictment could be imminent. shery ahn: we saw the dow closing for -- the dow gaining for the second consecutive session. 2600&p 500 above the level, close to the 60 day moving average. we haven't seen the s&p 500 top that level since early december. financials were the big winners today. did pare some of its earlier gains and nasdaq rose 0.2%. that, on reports that huawei was being investigated by u.s. prosecutors. we could see some more positive sentiment developing from the chinese announcing new stimulus measures, not to mention the brexit no-confidence vote, the no-confidence vote against prime minister may. let's turn to sophie with

it is good morning. could join us for of ould join us for 5“ , . of asia join us for55 , . of asia business r5' , . hizon. to start with the uk rico hizon. to start with the uk international trade secretary who hasissued international trade secretary who has issued a fresh warning about the :‘5 britain crashin out 7—7— possibility of britain crashing out of the eu without a deal. liam fox made the comments at the world economic forum's annual meeting in the swiss mountain resort of davos. some countries don't believe no deal isa some countries don't believe no deal is a possibility. one of. reasons is a possibility. one of the reasons iand is a possibility. one of the reasons i and ministers are here is to other jfjfjr no , convince gth5r'cou ntri5s—th5tncr convince cth5r'ccu ntri5s—‘ch5tncr and convince other-coo ntriee—‘chetncr and they need 55515 5 55555155 555“ ffi5m55 555l 5 5 55555155 555 ffififififififi prepare 555l 5 5 5555ii5ilitii 555 ffififififififi prepare for that. if they don't to prepare for that. if they don't prepare, there could be a break

asia's major markets have just open for trade. juliette: welcome to daybreak asia. this: our top stories wednesday. muted start for the trading year for asian stock markets. data, the yeni gaining. stressing self-reliance. china's president talks of changes unseen in a century as he prepares for a major speech on taiwan. meetingt trump calls a of top congressional leaders after suggesting he is open to a deal to end the government shutdown. breaking economic data crossing the bloomberg now. singapore's fourth-quarter gdp rating is out. quarter,the fourth adjusted quarter on quarter. was what the market was looking for. year on year coming on 2.2%. expectations of 2.5%. the revised movement coming through as well. 3.5%. 2.2 percent to 3.2%. we did hear from the prime minister overnight for his new year's address, basically saying that over the course of the year we did see singapore's economic growth hold about a 3%. singaporering that will unveil its 2019 budget on february 18. the prime minister moving to really transition into the new leadership. certainly a miss

>> hello and welcome to "daybreak: asia." next two hours, we will bring you the news you need to know as markets open across asia. >> our top story this wednesday receives a vote of confidence, leaving britain in paralysis. relations with europe have been dividing the nation and its political class. the prime minister will now hold party.s about the downing street says she does not believe her deal is dead. >> let's get you started with a quick check of our market close this tuesday. we saw a broad rift on sentiment across the board as we saw tech stocks rally. the nasdaq gaining 1.7%. the dow also reversed two sessions of losses and the s&p 500 rose the most in a week, pushing through that 2600 level, which it had failed to breach three times last week. but of course, today was all about brexit. we had our eyes on sterling, which declined more than 1% but is now paring back those declines. u.k. prime minister theresa may brexitiling to pass her deal through parliament. that giving rise to speculation that we could potentiall

welcome to "daybreak asia." our top stories this friday, asian stocks set to slip as japan trade for the first time this year after apple's warning sank u.s.actory data stocks. the iphone maker tumbled 10% with its asian suppliers, bracing for another difficult day. the trump trade war advantage slips as the white house warns of more pain for china companies. haidi: painful start to the beginning of trading in tokyo as we saw with some ceremony and optimism. we had japan markets coming back online for the first time this year, back online and downward trading. we have seen the nikkei 225 down by 1.7%, the topics up -- topix up. to carry on a torrid end to the year. may were falling into the bear market late in the year. joining this sense of investor malaise as we get macro concerns over japan. trade pretty much exposed when you talk about that global supply chain. we are watching the apple story. talking about the likes of japan display errors, modules as well as electronics. these stocks will be playing catch-

this is bloomberg. ♪ "daybreak: asia this isery ahn: "daybreak: asia." the ok and a month-long freeze-dried regulators. gamesal approval for some is a positive trend but the company still awaiting the eau claire 14 of of its most popular titles. shery ahn: las vegas sands fell as analysts question is loss of market share in macau, particularly in the mass market which has been seen as a sweet spot. shares saw their biggest drop in three weeks. >> a new deal with virgin galactic. the designer makes next generation clothing for trips to space. ,he designs are yet to be seen but they will not be like traditional space boots as the ship has -- does not have pressurized cabins. they're working on a space center in new mexico. raised theaghi has alert level on the euro area slowdown is global growth slows and the trade war persists, pushing any rate hike further into the future. bloomberg global economics and policy editor kathleen hays joins us with the latest. president draghi came close to fully downgrading his outlook in december but this time he had to ca

michael every, head of asia financial markets research. plenty more to come on "daybreak: asia." this is bloomberg. ♪ shery: we have an alert. the bank of japan governor gave a speech at the branch manager meeting. we are getting the latest thatnts from him saying japanese economy is expanding moderately, cpi is expected to gradually pick up toward 2%. the target of 2% we have seen inflation in japan linger at around half of that target. japan's financial system is maintaining stability -- stability according to the governor and also he is saying the boj will keep rates low for an extended period of time. the latest from the boj governor. gettinge are also breaking news crossing the bloomberg. this is a momentous development in china-north korea ties xi jinping has notified north korean leader kim to visit north korea, accepting the invitation to visit north korea. and his predecessor was the last head of state from china to visit north korea. that was back in 2005. it follows kim's visit to beijing. it looks like it yields positivity when it comes to talks about relations with

isdo you think asia well-positioned? >> i think so. even though you can argue this has been a conversation not at davos, most of those are here. how do we think about in investment -- about investment in asia? that is what i'm hearing from asian-pacific leaders. thank you so much for your insight this morning. thank you so much, and have a great final day at davos. right now, let's get the bloomberg first word news. >> china will grant more licenses to global banks seeking majority ownership in local ventures. this will allow foreign firms greater access to the world's second-largest economy. a senior chinese regulators spoke to bloomberg's haslinda amin. you have to go through what we call a public bidding process. that takes some time. procedures kinds of that have been occupying the time. >> within the next 12 to 24 months? >> sooner than that. in the next six months you will see more licenses. >> george soros has warned of the mortal danger of china's use of artificial intelligence to repress its citizens. he called xi jinping the

collect hello and welcome to daybreak asia. here new york. >> to open you the news you need to know as markets open across asia. >> our top story this tuesday, a's show looks set to remain under pressure after wall street fell on week data. the yen is holding its gains. the market now waging the pegs it to vote -- the brings it to vote. -- the brexit to vote. airports cut services and southwest is putting its hawaii plan on hold. >> let's get you set up with a quick check of the markets. we saw the s&p 500 falling half a percent. lowered by those tech stocks. we have seen more concern over trade data. weak export falling more than 4% year on the year. we saw the nasdaq falling the most in more than a week, while the dow lost 4/10 of 1%. we have utility companies announcing they are flying -- -- utilityling for companies, p gmt announcing they are filing for bankruptcy. &e announcing they are filing for bank of secret we are looking for to the aggregate financing in yuan loans. let's see how we are sitting of the asian markets.

pacific as china one single markets and then asia x. china as a separate market jim what does all of that mean to people like you and me and anyone watching what it means is that china has an economy is the second biggest in the world in this fifteen one five percent of the global economic output but in terms of stock market it's only three percent of the overall stock market representations of what it means is that china's stock market needs to catch up with its economy and companies will become more sophisticated in that with the deal with investors foreigners who previously really stayed away from the state on the sidelines of the china market they have to come in given the scale of these companies which are not just domestic companies but becoming increasingly international over the last few years so i would expect that the big global investors who encourage retail investors to buy these global funds which are primarily u.s. and european plans they're going to start taking a much more seriously you sound pretty bullish particularly

micked for asia. the cost pee looking like this, stock there under a lot of pressure because of sunstone fourth quarter profits fell short of expectations, so this is how it's looking in asia. pretty mixed. that's it from "bloomberg markets: asia." "bloomberg day break: middle east" is next. ♪ emily: i'm emily chang from los angeles and this is "bloomberg technology." in the next hour, tesla finally begins building its $5 billion factory in china, which will shield it against import tariffs, but will it protect it from the ongoing trade war? why the start-up overhauled its business model in europe and changed its hiring strategy as a potential i.p.o. nears and the consumer electronics show gets into full swing. we'll look at what trends to

su: you are watching daybreak asia. the trade war is becoming more complicated with the wto opening an investigation into president on chineseiffs goods. they are asking whether the duties breached the requirement wto members must give equal , as beijingment asserts. a new talk will begin with potentially new duties being imposed in march. the interim finance minister in india will meet state run banks later to discuss the health of the sector days ahead of the budget. the reserve bank governor is likely to attend the talks, which will cover sour loans, nonperforming assets and general nonperformance in the face of $200 billion of bad debt. china named a banking veteran as head of the securities regulator csrc. theas recently the chair of largest lender. his new role puts him at the forefront of opening china's $40 trillion financial system to oversee. a majority stake in the chinese -- j.p. morgan and -- leading companies in the u k and germany preparing to cut thousands in jobs in accelerating online shopping. this co

asia is the promising region and east asia and south asia deliver the highest growth rates once again and we think that in the near future, they are going to do that. >> you mentioned india and china. those two countries have high levels of nonperforming loans. bad are the debt vulnerabilities and some of these emerging markets? >> it is true that the debt problem is there. find aicymakers need to solution. in both india and china, we see that policymakers acknowledge the problem. announcedment measures in the case of china, obviously there are measures underway to deal with the system and all of these financial transactions associated with local governments. is theedging the problem first step. we are hopeful that these problems are going to be addressed in the coming months. >> thank you so much for joining us. we will be previewing the market opens in japan and south korea next. this is bluebird. -- bloomberg. ♪ resignedife ceo has over comments that he made before taking on the role that the company says are contrary to its business practices and culture. paid $3.5 million as pa

this focus on asia is not just regional. it has potential to open up larger questions about the u.s. role in the world and our allies and partners in asia talk about as much about that as what is going on in the region. on the code of conduct, i do anysee any evidence that side, china or vietnam or two a degree the other claimants, are able to concede that they are necessary to reach a code of conduct this year or in 2021. that would require a change of strategy among a lot of the parties. the only way beijing is going to clarify and make concessions to actually reach a fair deal is if there is an offer lots of -- awful lot of international pressure. an outlook that they are outlaw in the south china sea status.es their global that is not happening. that came off the table with the te.ction of duter a much greater focus on the u.s. and partner nations on the south china sea to get to that point. not china is willing to reach a deal now at all, i think they can be serious about negotiations premised on the idea that the time

plenty more to come on daybreak asia. this is bloomberg. ♪ haidi: visit daybreak asia. shery: let's get a quick check of the latest business flash headlines. wynn resorts is selling in an investigation in nevada over how it handled allegations of sexual misconduct over former ceo steve wynn. the casino operator will pay in unspecified fine to group your viewed by the gaming commission and regulators say they won't limit licenses. authorities from massachusetts are looking into claims against wynn that first arose last year. haidi: pg&e still plans to declare bankruptcy despite trying to avoid such a move. elliott management has a proposal backed with $4 billion in bonds that could convert into pg&e shares. the group is pitching a rival plan but the company is still expected to file for bankruptcy later on tuesday. more to come. taking a closer look at the criminal charges against huawei. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complex

asia needs to open up its capital markets. it needs to create open access for foreign direct investors. it needs to develop a yield curve, a really transparent yield curve. and you need a currency that everyone understands freely floats in the world. part,think that is a key or one of the key ingredients. yes, asia can do a lot for itself, and china has done a lot for itself, and the government has thrown an enormous capital into the system. something thats does not create the breadth and depth you need to create to be a global powerhouse. the reality is that asia's investment means are massive. whether you have infrastructure, urbanization, entrepreneurial capacity needs -- the famous number is $1.7 trillion a year in just infrastructure investment. you are talking about trillions of dollars. bank's areevelopment doing $400 billion. if you added the entire lending capacity of all the banks in china and the commandments over the next five years, you get $800 billion. the first number starts with a t. the second starts with b.

asia executive editor for tech. just to tell you of some other earnings coming out this week, pretty much fang but other big ones as well. i won't take you through each and every one. here in the asia pacific also looking at samsung for example but a fair amount of investor money at stake with the results coming out. >> all right. that face time bug certainly a bit after concern for all of us. southeast asia is fast gaining attention of institutional investors looking for growth outside china and india. technology investment in the region hit a record of more than $11 billion last year, nearly double what was invested in 2017. and 70% of funding was so-called megadeals where you several aptured by groups. we have the founder here with me in the singapore studio. i noticed carousel was one of those deals getting very close to the megadeal $85 million i believe. why do you think southeast asia s so attractive? >> first of all, thank you for having me here. southeast asia shows fantastic parameters as far as digital in

anchor: welcome to daybreak asia . anchor: our top stories this friday, apple's worlds and the week factor adding to global growth concerns. apple stocks plunging the most in almost six years. the gloom sees another leading voice going for a fed pause. the uncertainty just too great. anchor: let's get you started with the markets close in the u.s. we saw u.s. stocks declined but the dow fall in more than 600 points and nasdaq also down 3%. every sector on the s&p 500 was in the red with the exception of defenses like utilities and real estate, the biggest fall since christmas eve. we had some negative data out of the manufacturing index, which fell the most since the recession. that for growing concerns over the u.s. outlook and at the same time, concerns over apple at the cut there -- as they cut their sales outlook. 29 of the 30 chipmakers on the index fell in this session. ..s. features trade tomorrow i would not be surprised to see a lot of pressure given what we have seen on the u.s. market on this there's a sessi

asia --me to daybreak "bloomberg daybreak: asia" haidi: u.s. stocks closing stronger. the shutdown tracks on amid warnings of zero growth of this quarter. nancy pelosi is blocking the state of the union. get a quicket's check of the markets here in the u.s.. a day it was for u.s. stocks. the s&p 500 managed to finish above its 50 day moving average. we had some cautious confidence as this rebound may be has legs. the nasdaq stayed unchanged. essence be futures are also not moving that much right now. we do have concerns over global growth and trade tensions. but some more positive earnings coming out of ibm, procter & gamble, and united technologies. asian stocks are set for a softer start as that growth debate continues in sydney. we are seeing some lawsuits. led bygards are being beach energy, which is off by 2%. in new zealand, we are seeing declines in futures. we do have some corporate updates on the agenda. reporting earnings fell short of expectations on weaker demand for memory chips. that tracks with texas instrument's performance in the fourth quarter. the fo

pacific as china one single markets and then asia x. china as a separate market jim what does all of that mean to people like you and me and anyone watching what it means is that china as an economy is the second biggest in the world in this fifteen one five percent of the global economic output but in terms of stock markets it's only three percent of the overall stock market representations of what it means is that china's stock market needs to catch up with its economy and companies will become more sophisticated in that with the deal with investors foreigners who previously really stayed away from the state on the sidelines of the china market they have to come in given the scale of these companies which are not just domestic companies but becoming increasingly international over the last few years so i would expect that the big global investors who encourage retail investors to buy these global funds which are primarily u.s. and european funds they're going to start taking a much more seriously you sound pretty bullish particularly

ramy: you are watching "daybreak: asia." now expecting revenue of $84 billion where analysts had expected 91 billion. tim cook said apple did not foresee the economic deceleration and greater china. shares have fallen from an october peak about -- ongoing concerns about the iphone. the president has responded to scathing criticism by mitt romney by calling on him to be a team player. andpresidential nominee former massachusetts governor used a washington post opinion piece to say that trump had not risen to the mantle of the office. trump tweeted that romney should focus on border security saying i one big and he did not. the ceo has applied -- agreed to pay more than [indiscernible] he donated 250,000 euros to 4.5ity and is order to be million to the german state. prosecutors investigated his purchase before it emerged the company was seeking to take over the lse. nasa's new horizons spacecraft has sent back images of the us distant objects ever explored. it is made up of two spheres joined together not -- looking not unlik

alliances in asia in that context where the current focus on asia leads to less attention to the middle on u.s.a renewed focus forward presence around the world to maintain a stable international order is probably an open question. i think this focus on asia is not missed fairly just regional. it has potential to open up larger questions about the u.s. role in the world and allies and partners in asia. talk as much about that as what's going on in the region. >> a couple of questions for you, greg. i on the code of conduct don't see any evidence that any side, china or vietnam, also other claimants to a degree are willing to concede on the point necessary to reach a code of conduct. after change but it would require change in strategy among a lot of the parties. the only way beijing is going to decide to clarify the scope to make the concessions that would ifrequired is going to be there is an awful lot of international pressure that convinces china the perception of it being an outlaw in a south china sea undermines equities globally. it undermines the idea that it is irresponsible ris