In hong kong where it is just after 8 00 a. M. Is just after 7 00 p. M. Here in new york and i am julie hyman. Out of the u. S. That President Trump has fulfilled his Campaign Promise to get rid of the transpacific partnership. Obviously that has implications not just in the u. S. But around the globe so what we are waiting for our reactions, particularly from china to see what they will have to say about this. China trump is also talking about renegotiating nafta. Trade relations will be will they be a lot of fill this void in the global trade sphere. It makes for a mixed picture in asian markets. Exporters are going to be the ones to watch today, given the tone set by trump overnight. The dollar is some thing they are watching very closely even a strongcomment that dollar could have a negative shortterm impact on the economy. 113 dollars mark there. We are also seeing a jump in gold. It touched a twomonth high earlier. We are seeing a pickup in gold holding for a fifth day. Itlook at the bond space. We are seeing a rally in treasuries continuing after trump vowed a border tax in a meeting with Business Leaders monday. The yield on the 10 year note and falling to about 2. 4 . Are tracking on that movement in the treasury. Falling to about 2. 7 . What about what is going on with stocks . In terms of trumps comments and actions . Reporter this is the way it is shaping up so far in asia, the only bright sparks are in technology. Bright spots are in technology. Despite that, given the pickup we are seeing in australia, that is helping to lift the regional benchmark. Asxsex rising the rising. They revised their profit forecast for the first half of the year. Nikkei, not surprising it is in the red given that strength. Here is a quick picture given what we saw overnight. Of the asiantart trading action. Thank you. 1 sung is also up closer to in shoulder this morning. This after the Company Announced they would be buying back nearly 8 billion worth of shares after doubling quarterly profits. Forget the financials and the earnings for one who second, lets talk about the buyback. Pretty big. Pretty big. One. About 9. 3 trillion will not just cancel but repurchase. They have been near record highs. Near november last year, they had been talking changes to the structure of the Company Proposed by an investor. They had of been performing too badly as of late and they will probably get a boost up today. The income is just a little under 6 billion u. S. Dollars. Rising prices for semiconductors, which has been a strong performer for samsung. Bloombergs against a projection of 7 trillion won. We also have to look at the mobile phone division because the note 7 had all of those issues with the batteries catching fire. They had to pull that line completely, as we had been talking about at length. That will the division with operating profit coming in at 2. 5 trillion. Samsung toward the end of last year had said that it was going to see a negative impact of approximately 3 trillion won. Because of that note 7 issue so here we are seeing some of that followthrough here and possibly into the next quarter as well. Will be get any more details on what was behind the investigation and what was causing the fires in the note and where the company goes from here in terms of its next Product Development . Samsung was keen to move forward and put this behind it but yesterday it did release a an investigation into the issue saying the issue was with the battery and essentially they were sort shortcircuiting. What it would like to do is put all of it behind it and try to regain Customer Confidence in its product. They are set to release the next eightthe galaxy note phone. Usually it launches that at the World Mobile Congress in february, but this time they are pushing it back a little bit later, looking to avoid some of the same mistakes they made previously in rushing the note 7 device. Well will see how that is received. Thank you. Lets get to the first word news with hans linda. Is nearly seton to become the secretary of state as the set Foreign RelationsCommittee Gave its approval to the full summit. Another leading republican lifted his objection. Marco rubio said he will now offer his backing despite initially questioning tillersons links to russian president putin when he was the exxon mobil ceo. s backup plan will become clear tuesday as the Supreme Court rules on whether they can start without parliament approval. Goes against the government, theresa may plans to rush the just nation to amend article 50 before the deadline. Both houses of parliament opposed brexit in last years referendum. The purchase of verizon has been delayed until next quarter as a recovers from two massive hacks. To deal had been expected close in the current period. User activity showed minimal the clyde. The Ceo Marissa Mayer success enhancing User Security is top priority. Fourthquarter sales and profits beat estimates. Sales rose to 6. 8 billion. Meanwhile, sources tell us that the lg display has secured a deal to supply electronics possibly a soon as this year. Shares are up about 1. 5 . Global news 24 hours a day powered by one and 2600 journalists in 120 countries. President trump has carried out one of his biggest promises pulling the u. S. Out of the transpacific partnership. We have more on this. This was one of his central Campaign Promises. Here he is on official working day one, making it happen. Reporter this is a huge thing that up ends obamas policy and put it to asia. Had the twitter account americafirst. He thinks that the death of the tpp will help protect the American Worker. Terminatedofficially tpp. [applause] reporter you can here the clapping as donald trump is trying is surrounded by his advisors. It also hear him negotiating individual bilateral deals with those tpp partners. He said that if somebody misbehaves, how they will be out on the radar for him and will intentionally be straightened out or they will be gone. Mixed onion has been the republican side as well as the democrat side. On the democrat side, they are siding with mr. Trump. Charles schumer said that the tpp was dead long before President Trump took office. In the initial vote for the tpp, he did vote against it. Almost twice as Many Democrats voted against it as republicans. But john mccain is sending some fire over to donald trump saying that abandoning the tpp is the wrong move, especially when he is advocating for more american strength in the asian pacific. He is saying that this could definitely lead to an opening for china. There is a lot of talk among the media saying at there was a horse race between the u. S. And china. One phrase would like to point out is that chinas horse is still in the game but some have said that the u. S. Has put its own horse out to pasture. Could be a boon for china but a busy day in the u. S. As well. He met with Business Leaders and talked more about regulations. What did we learn . There is definitely more of a stick aspect than a caret aspect to this. This. N a carrot aspect to he spoke with the leaders of Johnson Johnson as well as ford motors and said, you have to stay in the country or else we will come back at you. A company that would like to of its people in the United States, than build their product someplace else and think that product flow across the border into the United States, that is not going to happen. You will have a substantial border tax. On the topic of regulations, he did say that you could roll back regulations by as much or more than 75 . Its only day one with a lot more to go but he is looking to butect the American Worker at what cost question 6 million chinese travelers are expected to hit abroad. We will find out what is driving them overseas. Plus trump taking a tough line with china. Can beijing work with the new administration . More on that next. This is bloomberg. Yvonne jule this is daybreak asia and i am julie hyman in new york. Upnne we are seeing shares 1 in tokyo. It has been the subject of several reports with one saying it will meet this week to discuss restructuring. Says theythis company are considering forming a Holding Company that would oversee its business interests. X this chinese phone maker is losing its international chief. Hugo is returning to Silicon Valley after 40 years. Xiaomi global and helped it make inroads in india. He will leave after the Lunar New Year but has not said what he will be doing next. Is shoppingeaner again. He will buy the nordics and him a group for 929 million. It pushes the worlds leading theater chain further into the european market. They have 38 theaters and stakes in 50 other operations. Theatersd control 1000 and 11,000 screens in 15 countries. Lets go back to the macro kong. Ence in hong steve, the big news is President Trump scrapping tpp. Any indication on how china may respond . Reporter it is not that big of a surprise that trump is scrapping tpp. He said he did not like it and he would do this on the campaign. Does china fill the void . That is the bigger question. Is this an opportunity or a humongous challenge . Is the china specialist from the university of san diego. It is a pleasure to be here. Reporter tpp is scrapped. What are the impacts . Guest china is expressing some much anxiety about donald trump, not just because they dont know what he will do, but they dont know what he wants. Here we have the first week of the administration and what he is doing is giving them a gift which they are aware of. Align all of the economies around china with the United States and make them must much less subject to chinese influence. Now it has been scrapped. They see that is a good thing. The combination of president she going to of president xi going to davos they view it as an opportunity. Reporter china has will domestically with an iron fist, and internationally, president a glove. G going with guest over the last couple of years we have to say they are not up to the challenge. Toy are not in a position take their own interests and emerge that with a set of global interests and make the kind of sacrifices necessary for i dont think we are looking at a situation where china can take over any global role from the United States. They have understood that the vagaries of american policy provide them an opening. That if they can push more effectively on reform of and they have done, it is in their interest to do so. Reporter is reform off the table . You have domestic problems with the debt pile. It seems that domestic growth is stabilizing that and is a priority. Stabilizing growth is a priority and how we have done that for the shortterm. If i were xi jinping, i would be worried that my colleagues would see that the Reform Program has not worked. I is going to be looking to keep mindless activity going on the reform front to bolster his credibility and contribute to his consolidation of power at the next Party Meeting which is october or november of this year. Do, asr what should you mr. Xi, with the reserves . Guest i will keep it as stable as i can, keep it right around the crucial mark to keep my 3 trillion renminbi if i can and to keep the renminbi from depreciating. I have to keep that sudden depreciation in my back pocket. If things go really bad with President Trump, i have to be able to let the currency go. If im not in the worst case scenario, im not going to let it go. Is the Trump Presidency one of the worst cases for china . On the trade front, it is a good thing, but the uncertainty you alluded to is caps mindboggling to the leadership because the have gone grown accustomed to accommodating u. S. Policies. That is true. It is a threat and there is a tremendous amount of anxiety but if i am xi jinping, there are many parts to this that i welcome. I have been telling my colleagues for years that the external environment is extremely threatening, complex, and dangerous. I am the only one who can lead the Great National resurgence of china. In a sense, donald trump is proving me right. When i go to the party congress, i can say that you have to close ranks behind me because the external environment is so threatening. That in the saw daily editorial with them saying basically, capitalism is dead. Thank you so much. From the Goldman Sachs conference here at the four seasons in hong kong all morning. Was a professor at the university of san diego speaking to Stephen Engle at the global conference for the asiapacific. Next, find out why american customers are losing their love for the golden arches. A breakdown of mcdonalds is next. This is bloomberg. Arabic we have some breaking news. Takata shares just are trading. This is the seventh straight day of losses we have seen for the akata shares. There are concerns of bankruptcy worries for the company we have seen throughout the week. Wered learn that they leading toward a courtmediated bankruptcy. We are learning that bonds have been tumbling as well for to cut a takata. Debt holders that will only be able to recover a portion of their funds. Julie stunning decline for the shares and the bonds as well. In u. S. , some big names delivering disappointing news. We have this and the rest of the days earnings news. Yahoo in an interesting situation. Mixed news with the copy that cannot seem to catch a break. After hours it is up slightly because there were operating profits, 64 million, the first time in two years. But the profits were at 4 and the prophets came in part due to staff and other costs. The deal is taking far longer than expected. They are pushing it back and they said that the close will likely happen in the second quarter. In yahoo uying shares and leaving the rest to be called altaba. The fec is probing some of those data breaches. It has been a tough one for yahoo . We learned something from mcdonalds as well. People nothe phrase, exactly loving the allday breakfast. The allday breakfast was a key part of the turnaround. Initially it was popular but has not been of late. It seems customers were not happy with the elimination of the dollar menu. Donald trump pointing out the entire industry has been down. There was a fourthquarter drop sales. Sales but global were on the rise. A tough blow to the turnaround strategy. Halliburton was down more than 1. 50 per share. Revenue missed forecasts. There is the increasing appearance that Economic Conditions under the new president could not be as stellar as originally thought. Be set for aould battle with the eu by starting trade negotiations with other countries before leaving the union. This is bloomberg. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Anything with a screen is a tv. Stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. You can even download from your x1 dvr and watch it offline. Only xfinity gives you more to stream to any screen. Download the xfinity tv app today. Craigs a dark picture in singapore this morning. 830 a dark picture in singapore this morning. Julie i am julie hyman in hong kong. You are watching daybreak asia. Lets get to the first word news. Samsung has announced it will buy back nearly 800 Million Dollars in shares. Fourthquarter profits reached almost 6 billion. Samsung has announced it will buy back nearly eight in dollars in shares. 8 billion in shares. Trump says he will renegotiate the north American Free trade agreement after scrapping the transpacific partnership. He said stopping what he calls ridiculous trade deals will put a lot of people back to work. The nominee for treasury secretary says he will work with trump to examine trade relations and assess thea chinese practice of interbeing in currencyvening markets. Analso warned that excessively strong dollar could have a negative shortterm effect on the u. S. Economy. Australia does not expect the policies of the Trump Administration to result in a u. S. China trade war. He told Bloomberg Television to pushbal notes needs Global Growth needs to continue. That Global Growth needs to continue. He said a trade war would be the worst outcome for everyone. Its not a binary thing. If there is a trade war and i dont think thats going to happen but everyone does worse as a consequence. News 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg news. Julie breaking news on mike pompeo, trumps nominee to lead the Central Intelligence agency here in the United States. The senate has been voting on his confirmation. Associated press and others are reporting he has secured enough votes to be the cia director. That is following tillerson the Senate Committees backing for that is following tillerson winning the senate s backing for secretary of state. Take a look at what going on on the nikkei 225. Pressure on stocks there. Take a look at the way private exporters are getting dragged down by trumps comments overnight. Electric po