After 2016s foreign takeover spree. We have the world covered on daybreak asia. We go to watch the developments out of beijing as chinese mostators watch the prolific overseas dealmakers. And we are watching the e. U. Summit in brussels throughout the morning through this is daybreak asia, coming to you sive from bloomberg asian headquarters. I am yvonne man. Betty is that the wharton global conference. A very busy friday and a happy one as well. Yvonne we are marking the oneyear anniversary of brexit. We have the stress test, keeping an eye out on china as well. First it was anbang, but regulators could be targeting other companies. A lot of big guests on our show with betty. Starting this hour, Geoffrey Garrett in 40 minutes time. On Bloomberg Markets, betty will be speaking to the incoming chief executive of hong kong. Her as have to talk to we start next week, marking the anniversary of the handover. You do not want to miss bettys chat with tom friedman at 10 40 a. M. Hongyou do no
Has been digging into the data. Up the Obama Administration press efforts to revive the Auto Industry and he is my guest for the next half hour. Lets start with our own stock market expansion, comparing it bush President Trump to 41. Bush, 20. 1. Trump, 9. 1. Steve first of all, he is in the middle of the pack. There are different factors coming to bear. I do think he gets some credit for having created more of a sense of optimism among the business immunity by promising tax cuts and deregulation. That doesnt obviously help the average american or the trump of voter, but from an investors point of view, its positive. But the world is a stronger place economically, not necessarily because of him, and the stock market is reflecting that. David you mentioned the degree to which he provides optimism to the business community. Many people sat down with him. Bloomberg news reporting last haventt those groups met as frequently as they were intended to me. Very little progress has been made. H
Rishaad we are a leading an important trade day out of china. Looking at july numbers, expected to be up about 11 from a year ago. That would be similar to what we did see in june, 11. 3 gain. Early indicators are positive. Lets have a look at what is going on. This is trade, remaining resilient. Administration, trade seems more and more likely, are also looking at steel. Steel exports rank 2. 5 of the total to china. This is what we have currently. We see have exports and imports are down from elevated numbers we had great other than. 3 is the big number from exports in dollar terms. Imports, 17. 2 . Thats what we are looking for when it comes to trade numbers. Could be out anytime in the next couple hours. On thethis will build back of the fx reserve numbers we had late yesterday suggesting that there are six straight months of building reserve expectations for the yuan. You have to take this with a grain of salt heading into congress. It is the consolidation of power and policymakin
We have a great show to kick off a big week for the markets. We will discuss what 2017 holds for u. S. Monetary policy. As italy lines up another new premier, in turkey comes to terms with the bombing istanbul, we will focus on the market and Political Risk in europe. As crude oil surges, we also speak live to the Nigerian Petroleum minister on surveillance at 9 40 u. K. Time. Lets check on the markets. This is a picture for oil, gaining 5. 1 at 54. It surged the highest in 17 months as efforts to cut production sent the 10year treasury yield above 2. 5 . Chinese equities tumbling. European shares holding to what we saw last week, pretty much flat. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra president elect donald trump says hes close to naming his secretary of state, dropping hints it could be exxon mobils ceo. A person close to the transition on hasnt beenrs formally offered the job yet but is likely to be the pick. Italys prize minister designate has been hol
We bring you an exclusive interview with jpmorgans jamie dimon. Set, the former ecb director of operations, and google on whether Central Banks have learned. Later, we bring you a weekly brexit show what is next gekko we will talk to the director general about why he concluded that britain would be better outside the eu. First thing is first come in is sebastian with the first word news. Politics mapping out and plans. Economists in the Bloomberg Survey have raised their growth estimates to 6. 6 from a month earlier. That is stimulus and a stronger global demand. Asahi is in talks to purchase a telly on actelion. Representatives did not immediately respond to requests for comments. Secretary general has applauded Donald Trumps choice of secretary of state. Anaid Rex Tillerson is outstanding oil technocrat. High expectations around the world, he is deeply there is ale, and very thin line between oil, geopolitics, so i congratulate president elect donald trump for making such an excellen