Rippling spotify revealing plans for new listening options, for radio and podcast. Yvonne it is a showdown in the podcasting world. Also a showdown in washington. We are going to be getting the vote. Essentially we heard earlier today that the senate does not have enough votes to pass a continuing resolution. Looks like we are closer to a Government Shutdown. I want to pull up this chart, which raises another issue. It i separates, but related to this continuing resolution vote. Issue, which is the debt ceiling. That deadline is coming up. It is a bit of a moving target. Expectations are we are going to hit that debt ceiling and need to lift it in march. That is being reflected in treasury markets, where traders tbillsing shortterm due in march. Yvonne its interesting you up, because there is difference between a shutdown anticrisis. We are only talking about there is a difference between a shutdown and a crisis. It could be limited depending how long a shutdown lasts. Some nerves in the markets today, but some horsetrading going on. We expect some clarity in the next half hour or so. Up, because there is betty lets take a look at how the markets traded. There is really a psychological effect from all that is that all the news that weighed markets down. Nasdaq pretty much going nowhere. Apple shares trading up an inch after hundreds of billions of dollars being invested in the u. S. Looks like a lower open for asia. Yvonne looks to be the case. In new zealand, flat for the kiwi. To australia, where sydney is getting underway. Tot gdp surprise from china the upside. Certainly is going to be a good catalyst here today. 80 four the aussie. Policy yields buck 80 for the aussie. Aussie yields on the uptick. The nikkei breached 24,000 this week. We get some upside perhaps. A strength close to breaking below that 111 handle. First word news with courtney collins. Agreed to pay has 1 million to resolve a u. S. Justice Department Investigation into the rigging of currency rates. A source tells Bloomberg Video includes a deferred prosecution the deal includes a deferred prosecution agreement. Convction of the a former hsbc banker and charges against another. Uber has completed its deal with softbank. The japanese conglomerate is now ubers top shareholder, after the group it leads bought 8 billion of stock in a discount. It includes the correction of extra board seats. Softbank wants uber to focus on core markets, such as europe and australia. Airbus has pulled back his superjumbo from the brink of collapse with the super order from the emirates. Signing in order for 20 of the double attackers, with an option to buy 16 more. Airbus says the deal will extend production of the superjumbo until 2029. And scientists believe manmade Global Warming caused 2017 to be one of the hottest years on record. Even without pacific warming known as el nino. Nasa and berkeley researchers ranked last year as only second to 2016, while the national and Atmospheric Administration record have beene second. Global and Atmospheric Administration said it was the third warmest ever. Both teams said the five hottest news on record have been this decade. 120al news powered by 120 journalists in 2700 countries. This is bloomberg. Yvonne now we look at the declining u. S. Stock. Telecom finishing higher, but real estate and auto stocks led the way. Su keenan here with the latest. Like it would be a resolution hand. This has taken a bit longer, so anxiety is rising. A close at the border, but not by much. A reversal from the bulls road on the the wednesday session. Lets take a look at the road oe wednesday session. Lets take a look at the market snapshot. Bond yields rise to 2. 6, which we have not seen any while, which might be tied to the fact that it was important this a verting fact that it was reported averting this shutdown would not come as early. A push for clean energy. The fund founder joining the board to push for a cleaner strategy. Ge the lowest in six years. A pension nightmare the other day really hit the market heart. Investors feeling. Hit the market hard. Investors reeling. Buy a defenseg to company in brazil. Quite a split in the defense company. While there was optimism in the stock, that has reversed in this latest session. Lets talk about the dollar in this chart. When we talk about the undervalued dollar, we see weakness. Undervalued dollar, we see weakness. Which way is it going to go . We saw the euro exacerbate the weakness in the dollar. The shoot currency now no longer now now no longer cheap. The dollar has really come down in the last couple days. Wn a littleme don bit as well. There will be focus on the in that is coming forward. Betty hsbc paid 100 million to end its rigging probe. Su it is a longstanding probe, and hsbc has been under a fiveyear deferred prosecution deal. They agreed to pay 500 million in a Brooklyn Court in this most recent session. It still has to be approved by a judge, but it would bring to an end hsbcs focus in this probe. It would lend the banks help to the government in helping convict one of its former bankers. It would help fixed traders , oneconvict traders former trader already convicted as part of the deal. Hsbc, since 2011 when these deals occurred, tightened controls on trading so that this would not happen again. We have not seen muchwe have not in any stocks, including hsbc. Guilty, five to similar guilty to similar charges, although they were under antifraud. Plus million 900 dollars. 100 million not as big of a hit. Betty ending a saga on the probe. The clock is ticking to prevent shutdown. Nt does Speaker Paul Ryan have the votes . Our Bloomberg Congress editor joins us from d. C. Good to see you. We are down to the wire. Will the house be able to pass this shortterm funding bill . Joe just a little while ago, the leader of the conservative group in the house threatening to withhold his votes came out to say he had an agreement with house Speaker Paul Ryan to get their vote, the details of which are still being reported. It involves some measure to increase military pay and a couple other sweeteners they had been seeking. That may well clear the way for a close house vote to get this past. It is a very uncertain future in the senate, where democrats have enough votes to perhaps block it. Betty certainly a difficult position for the democrats, too. Theythey have to basically decin whether to let the Government Shutdown or include daca into this bill. It, wouldocrats block that it, would that be a shutdown . Joe that would be the ultimate end, but there is still talking the senate about trying to of shorttermpe bill that would keep the government running for a week while they hash out these few details. There is not a lot of appetite for it, but when faced wit the when faced with the prospect of shutting down the government, they may consider. It may have a pingpong effect from the house and senate trying to pass a bill. They may work through the weekend trying to get this done. Bill that would keep the government running for a week while they hash outtechnict on friday. If they are working on it, there is some leeway. We could be facing a shutdown next week if this all comes to pass. Betty i believe the longest shotgun we have had has been utdownutdown we have had has ben the 1990s. Could this be a few days,could e we talking a few weeks . Joe probably a few days. A week, maybe more. Two weeks the one in 2013 went on for 16 days. That would seem to be in the range we are talking about. The impact on the economy would be fairly minor, but it would also be a rather big political impact potentially for both parties heading into Congressional Elections in november. Betty thank you, Bloomberg Congress editor. Shutdown the possible from a former Clinton Deputy chief of staff. Yvonne later on this hour, insight on the latest Growth Numbers out of beijing, with a toprated forecaster for chinas gdp. This is bloomberg. Yvonne this is bloomberg daybreak asia. Im yvonne man in hong kong. Betty it is a nailbiter in capitol hill. Lawmakers working on a spending plan to avoid a partial Government Shutdown, but the outcome is far from certain. We have heard Senate Lawmakers saying they do not have enough votes to pass this in the senate. Joining us from washington is the ceo of relations at deputyies and former chief of staff to president bill clinton. Chanced there is a 65 we will see a Government Shutdown. What do you say . Is very fluid, very volatile. Unfortunately the republicans have had some difficulty governing. They have not been able to pass an appropriations bill yet. I think this is the fourth extension that they are seeking. On their own. This they have to get something out of the house, and its probably going to be unacceptable for the senate. It seems like whatever may come out of the senate, the republicans have a very difficult time with their Freedom Caucus to get it passed on their own. It has to be a bipartisan solution, and they havent been able to achieve that yet with any major piece of legislation. Betty what do you think will have to happen for the democrats to get on board to pass this in the senate . The democrats the last go around, there were 18 democrats that helped republicans pass a shortterm. What the democrats are looking for, what all of us are looking for is a comprehensive solution and th the appropriations, then what are already bipartisan agreements. There is some dispute that republicans and democrats want to see a daca fix. They want to see the Child Health Insurance program passed. Internal it is both political disputes that are happening within the Republican Party, as well as some challenges that the white house is presenting by not being clear about what it will accept. That all turned around today, with the Child Health Care insurance program. Yvonne it did, karen. There are so much moving parts, hour by hour. Being in the position you are in in the Clinton White house, ian john kellys shoes for instance, what would you say to President Trump, who does not want a Government Shutdown . Karen the best advice during the clinton administration, we experienced a couple shutdowns. I worked with tuccis of staff two chiefs of staff, Erskine Bowles and john podesta. They did what they needed to get done, and they approached it is a bipartisan manner. These major pieces of legislation like Appropriations Bills do not get done unless you are talking to both sides of the aisle. The republicans were only able to get a major tax bill accomplished because they did it with reconciliation. If they had to do it with regular order, my bet is they wouldnt have gotten it done. The leadership in the Republican Party and this is not a partisan statement, democrats have done this as well you have to approach governing in a bipartisan manner. This is the only waits is going to get done. Yvonne how do democrats approach this gop . Are they playing their cards right to the republicans, to the president . Karen what the democrats believe, and if you look at the history over the years when shutdowns happen, the party in control gets blamed for it. Bloomberg, so this is a numbers game. Republicans have 241 votes in the house, 51 votes in the senate. They should be able to cover with able to govern majorityt percentage. The American People are not stupid. They know who is in charge, and they expect the government to be operating. Likewill lay the blame, when the democrats were in control, at the feet of the people in control. What democrats are being asked to do is help the republicans out of their own mess. They are rightly saying, were yougoing to do that unless come to the table and do the peoples work. I think that is the right call. Yvonne you have had decades of experience in international government. What do you think Global Leaders are engaging from this are gauging from this congress and what is going on at the moment . Karen in our international privileged tore be working with leaders from europe and latin america. Frankly, the level of uncertainty that is apparent in our government right now, both to other governments as well to Foreign Investors in foreign companies, just does not sitto s well. Recent reports not only about how americans feel about this dysfunction, but internationally. The leadership of the u. S. Is diminishing. People are not looking at our government as having the study as having the steady hand it once had. That is not a partisan statement. During president bushs time in office, George Herbert walker bush as well as george w. Bush, certainly our allies look at us as having a much stronger influence and a much more steady hand. We were predictable. This disruptive and very states is ae united big unknown to the rest of the world, and not giving anyone comfort. Yvonne one final question before you go. There are democrats who criticized the republicans, if they do shutdown, its their fault. They control all ofcriticized tf they do shutdown, its their fault. They control all of washington, how could you not blame the republicans . On the other side, they would say thecriticized the republicaf they do shutdown, democrats areo tie the continuing resolution to daca. Whywhy not get this funded, and why focus on these now . Protections for dreamers do not expire until march. Then tackle immigration . Karen i dont think we would be in this situation had President Trump not changed the executive rights afforded to the dreamers. If not had not happened, we we would not be in this situation. The president was presented with a bipartisan consensus as to how to fix this problem. Its not that there is not a fix on the table. There is, and it is a bipartisan fix. There is no better time to get something done in a bipartisan way than now, and there is already an agreement out there. Why not do it . Because it should be done. Yvonne we will see how this plays out in the next hour or so. You can get a round of of the stories to get your day going on this edition of bloomberg daybreak asia. Dayb in your terminal. You can customize your settings so you can get information on the news and industries that you care about. This is bloomberg. Betty this is bloomberg daybreak asia. Yvonne a quick check of the latest business flash headlines. Ibm finally broken its 20 two quarter street of declining revenue 22 quarter street of declining revenue. Sales in the Fourth Quarter 22. 5 billion. To ibm session it took a one time charge of 1. 5 billion after a new u. S. Tax law that weighed on profits. Betty rebuilding capital after the u. S. Tax changes. Fourthquarter adjusted eps beat estimates. Its 2018 profit forecast of six dollars and . 90 to 7. 30 per share missed analyst expectations. Amex says it will allow it to invest up to 2 million more than it claimed in a than it planned in a new initiative. Shoottify planning to spotlight the mov helps cut ofe ahead of profitability its New York Stock Exchange listing. Up next, a look at wall streets winners and losers as we assess earnings. This is bloomberg. Ahead of retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Yvonne 7 30 a. M. In hong kong, dreary with showers as we cast the end of the trading week. Happy friday, by the way. 30 minutes away from asias first market open. Yvonne 6 30 p. M. Thursday in new york. Pretty today. Markets also pretty chilly for the bulls. Indexeslower, all three in the red. Yvonne you are watching bloomberg daybreak asia. Word newsto the first with courtney collins. Cort . Courtney Senate Democrats say they have the votes to block a funding bill and force progress on negotiations in the grammati negotiations on integration. Temporary government funding midnight friday. And the house and senate must midnight friday. And the house and Senate Must Pass a temporary extension to avoid a partial shutdown. Speaker ryan i have confidence this, because members understand, why on earth would we want to have the Government Shutdown . The sequester on the military starts kicking this, because in in due time. That is not in anyones interest. Courtney u. S. Taxpayers may end up footing the bill for a satellite lost by elon musks spacex. A rocket crashed into the ocean earlier this month. Industry experts dont think spacex or Northrop Grumman will foot the cost because they have government contracts that minute their liability. Limit their liability. A winter storm crossing the netherlands and belgium. The storm brought wind gusts of up to 140 kilometers per hour, ripping rooftops off homes, and disrupting air travel and rail transport. Airport,dams terminals were damaged. Zimbabwes new president says he has a plan to revive one of the worstperformings worstperformings economies and end its isolation. He says he will pay compensation washey farmers whose land confiscated, sell bonds to infrastructure, was confiscated, sell bonds to infrastructure, and hold internationally acceptable elections. He was a key figure in the government that oversaw an economy that halved in size since 2000. We have committed ourselves to begin addressing and paying our debts. Once we go so, i have no doubt in our dialogue with institutions, they wil