Kong. In newi am betty liu york. We had breaking news on anthem and their bid for cigna. It is being blocked by a judge as anticompetitive. For sigma blocked by a judge as anticompetitive. Next, they will be fighting over the 1. 85 billion breakup fee. Remainses decision sealed for now. We do not know the reasons why it was ruled anticompetitive it is really a costly ruling for anthem. Yvonne it could be a bitter battle. Lets talk about the senate beginning the confirmation vote of Jeff Sessions as attorney general. It was always the democrats trying to stop the nomination, aw it is the gop taking after after the speech they tried to bar her from giving. Then it went viral. We will continue to watch what goes on there on the senate floor. Betty the hearings have been surprisingly interesting to watch. They are normally not this exciting. Nothing has been normal from the start of his administration. It has been contentious all around. Episode leanede the whole discussion. Stalling for 46 hours on the senate floor. That is a lot of time. On wall street we are still waiting for a lot of rhetoric and reality to come through here. Lets get some clues on what to look out for. Toid so far it is shaped up be a relatively boring week. That is the best way to describe equity markets. Look at the floor behind me. The story when you look at japan, the yen is just that below 112. Lower for longer is boosting stocks. Informationhat, coming up from the philippines later. Info from japan beating expectations at 6. 7 . Lets have a look at the board at the real market story this week. The rally in the bond markets. Yields are basically down. Look at what happened in europe overnight. Yields are down across the curve. Spanish down 12. Down down 12 spanish 7. 5. Very strong options out of portugal and germany. Look at what is happening out of germany. Very quickly have a look at copper. That will be in focus today. Potential supply disruptions. One in chilea and one in indonesia. Two of the worlds biggest mines. Put everything together, that is 10 of global surprised supply. A lot of people are talking about if it does prolong from here, the market will have to adjust to it at some point. I look at gold at 12. 42 announced. An ounce. I talked about the kiwi dollar. The story is when you look at the euro is back low 107. It fell below 10650 at one point. Is saying hold on, lets not get ahead of ourselves. Marian manages to enter the second round, she has a 14 chance that she may get the balance. Very interesting session so far. It is the bond and currency markets you want to watch very closely today. Betty indeed, we will. David ingles with the markets. Trumpst up, president to limitauthority immigration said it cannot be to limit immigration said it cannot be challenged in the court. Trump argued he can stop the entry of any class of foreigners. A panel of judges will decide this week whether to reinstate the temporary ban. It was given to seven predominantly muslim nations. The appeal might eventually reach the supreme court. Iran hasis reporting launched another missile. The missile was launched from the same place that the milosevic Ballistic Missiles were lost from last night. At ive said iran was would respond to growing hostility at this weeks anniversary of 1979 islamic revolution. Down 7 n takata are after reports that the airbag maker will face the loss of 1 billion this year. The company has to settle with the u. S. Department of justice on the mass airbag recall. Takata they have an after tax profit forecast of 179 million after this year. It is now being revised to a loss. And intense competition in australias telecom markets. Operating costs 4050and 56 million 6 million the company said strong Cost Management mitigated higher costs. Global news. 24 hours a day. Powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Bowling is it to be the front winner as Singapore Airlines closes in on an order for 35 widebody jets. The carrier looking to take on rivals in china and the middle east. Lets get to a correspondent. Big order. What do we know . We are looking at an order worth 14 billion. At differenting models. One is longrange aircraft that boeing will debut at the end of the year. 77 10, a is a dreamliner model. The most expensive dreamliner yet. It will cost more than 300 million. That is about fleet renewal. It is a way to boost its appeal. Possibly, a way to pull travelers away from emirates, qatar airways. Similarybe hoping for test similar response here. The order may be made official this week. Will have to keep an eye out for that. Yvonne it could be some welcome news after we did talk to this week about earnings that were falling 30 . Talk about bowling now. How critical is this order. Boeing has said it will cut output of its current model. If and when seeing air sealed the deal, it should give boeing the boost it needs. The aircraft manufacturing space is getting increasingly competitive. Even the chinese are starting to get into the market. They will debut a new chinese made jet later this year. It was scheduled to take to the skies back in 2015 but was pushed back again and again. As you can imagine, boeing and airbus are set to they best face more competition as more manufacturers get into the game. Yvonne thank you. That report from singapore. Shares are rallying 1. 5 in tokyo. The Japanese Company posted a thirdquarter profit of 814 Million Dollars. They are focused on japans business right now. Doing as they are not badly as it has been doing in the past. Take a look at the numbers for softbank postings. They said thirdquarter profits 814 Million Dollars. It was a miss at that front. It was falling 3. 2 . Expectations were set at 2. 6 billion. They do not give a four year forecast. It has been a problem for some bank ever since they reported 80 of sprint. They did add more wireless customers and revenue over the last few quarters, more than expected. Costcutting has helped narrow losses. Also hoping the Donald Trump Administration will help. Era that is more welcoming to mergers than the obama in his ration was. Illustration was. Doty there was a day to about their jobs trump was going to create and the money was going to put into the country. We have more details on this . This is part of the vision fun. It is a 100 million fund that will be launched this year. He said the plans and preparations are on track. When he met with trump in december, he said half of that would be invested in the usa. Yesterday, he started the give details as to how that might happen. I need a 50 billion and 50,000 jobs minute when i met mr. Trump. First, we will set up a new satellite communication venture in florida hiring three dozen people. Who also created 5000 positions in sprint in the u. S. We will have cuts overseas so we will not see any extra cost. This is just a start of seeing the 50,000 jobs i promised mr. Trump. Rosalind this is a plan that other technology heavyweights are interested in becoming a part of. Are 19 by, or holds, and zero cells. Betty pretty positive. Rosalind chin in hong kong. An Apartment Building boom. We will get a report from melbourne later in the show. Yvonne plus, dollar confusion. What should investors do with the greenback . This is bloomberg. Yvonne this is bloomberg daybreak asia. Betty a quick check of the headlines. Bloomberg has been told that wells fargo may withhold bonuses for top executives. This stocks were slammed by last years fate accounts scandal. Wife is going to make a decision this month. Wells fargo was fine when a j 5 185lion without was fined Million Dollars for opening accounts without permission. Said toa beer maker is be working with the advisor. It is worth one point 2 billion based on the current price in hong kong. It would not be the first all right into china for carlsberg which owns 60 of a rival brewer. Antimoney laundering investigation. In a filing, the company has said is been asked her information. It is unable to predict the outcome of that investigation. 54 billion in transactions. About half of that overseas. Thinks mostst dollar weakness is in the future. This is the head of ficc Investment Strategy at Standard Chartered bank. What you say this . Are these gains over . We think not yet. When the dollar has started to pull back quite a bit since the Trump Administration took charge. For us, it is going back to a simple balance of where we see Interest Rate potentials after current inflation. Inhope the view that yields the u. S. Are likely to continue trending higher. There is concern that the broad direction that the dollar has already pullback quite a bit. The dollar has some wind in its sales left. It may be more vulnerable in the shortterm. Betty does that mean you put your money in the u. S. . Absolutely. The thing about currency trade and views is not doing on fx trade, a lot of the preferred asset clauses are in the u. S. The u. S. Is one of the most preferred equity markets. Certainly in the bond market, the highyield market is a place to be. Altogether, we think it comes together quite well to make the case for dollar denominated assets. Betty take a look at the treasury markets. I want you to comment on this chart that we have that looks at futures contracts for the 10 year. Ou can see the white line a significant drop here. Lots of short betting on treasuries here. A significant drop it just keeps going lower into negative territory. What does that tell you . Is that worrying to you . In the shortterm it is. We have been keeping a close eye on that chart. That is why we think possible yields in the u. S. Could move lower before they start to trend higher. Having said that, that is something we would like to happen. It gives investors who want to lesser bonds an opportunity to do so. However, there are offsetting factors we need to keep in mind. Goodthe position data is a predictor what it is that extremes. Once it is often extremes, it is less useful. Second, there are a number of factors supporting yields are it we have not seen yields respect because growth inflation data is putting pressure on yields. We do not think it is a clearcut case. Thats why we think our strategy is we should position for yields to trend higher. Lower, that is fantastic, but lets not count on it. Yvonne does that necessarily mean the yen strength is over . The technical indicators show that it is unlikely. You may not be able to see it, but there is a lot of resistance that is hitting the 100 Day Moving Average you see in yellow. 111 or 112 right now. Is anything shinzo abe can do . Technical on the perspective you can look at it both ways. We take the view that potentially as we reach the theng average, the yen and euro may be closer to interesting levels for a turnaround. , we think it is more attractive because there are number of other things happening on the yen. The yens biggest challenge is on the central bank side and keeping a cap on yields. That is one important part of the picture about avoiding the young yen running away. It is also about putting keeping purchases in place. We think that is the real challenge to focus on. Part of it could be about focusing on the fiscal side. Reading the notes from your colleague. He mentioned the european Political Uncertainty that has not been tightened when it comes to the bond as well as the currency markets. If you look at 10 year treasuries, we are seeing the longest winning streak since brexit. Pairs do you think are actually the most vulnerable to that we see in europe right now . We take a different perspective. Clientk from a private perspective that is one of the reasons why having some source of protection against the kind of uncertainty, particularly european Political Uncertainty is very important. Still withpproach is overweight equities, highquality bonds are the first listed go. Place to go. We think from a currency market perspective, the u. S. Dollar is still the best place to be in terms of a currency market perspective. The yen has a traditional risk factor, but there are many other factors at work here. Finally, a little bit of allocation tornier traditional risk and assets. We think these are all important asset. Keep on the well diversified allocation. There is a lot of uncertainty in europe. That noise is going to create volatility in markets, regardless if the outcome is as bad as some people fear. Yvonne thank you. Stripsof ficc Investment Strategy. Toty the senate is going confirm Jeff Sessions as attorney general. And if the Senate Passed votes confirm sessions as a new attorney general under president donald trump. , this is been a contentions string of confirmation hearings. Jeff sessions is probably the most contentious second two thats enough at the end to educations as the end as the education secretary. Io tinto shares we will have details from sydney in a moment. This is bloomberg. Betty it is official now. The senate has now confirmed that Jeff Sessions as the new attorney general in the new administration. This is been ongoing here. It looks like finally this conversation confirmation has gone through. Downs of rio tinto are of after the minor announce a bigger than expected dividend and a surprise share buyback. Big things are expected from rio tinto. Did they deliver . Of results from rio tinto. 5. 1 billion is the headline number. That is the first game since 2013. The dividend came in higher than expected at 1. 70 per share. Then the Bike Rack Program got announced. Buyback program got announced. What hee net here is had to say. Opposition had no change. Is all about build and small line. The threshold is very high. To be the right one to ensure that we will be able to value our shares. News,pite all that good the stock down two thirds of 1 . Season earnings gathering pace today. What other big names are you looking out for . Underlying process of 486 million. It misses estimates. Financial Services Company still showing big gains. Another Financial Services cut by 584 missed estimates million. But it was up. 04 . At agl, up 3. 7 to address at 89 million for the half. Sears also performing pretty well. One and a quarter percent right now. Yvonne thank you. Coming up next, intels talented job creation plans in the u. S. After meeting with president trump. More on that coming up. This is bloomberg. Yvonne 8 30 a. M. In singapore. We are happen hour away from the open of trading there. I am yvonne man in hong kong. Betty i am betty liu in new york. You are watching bloomberg daybreak asia. Theresa may comes closer to triggering brexit. Parliament gave approval to begin the process. Lawmakers were promised a vote on the final bill. The draft law now goes to the house of lords with with a final vote expected on march 7. Chinas war on debt is extended to the shortterm paper markets. The smaller lenders have used to shore growth. Certificatetiable deposits down 33 from december. That is raising concerns that weaker lenders could face crash crunches and even missed payments. The pboc tightening is making things very painful for small banks. Cap rates at abt record low saying that is where they are likely to stay for a prolonged. The International Outlook remains uncertain. New zealands economy is growing at an annual pace of more than 3 . Headline inflation has returned to the target band. It is expected to return to the midpoint of the target best to the midpoint of the band gradually. Longerterm Inflation Expectations remain well anchored at around 2 . Monetary policy will remain accommodative for a considerable. Considerable period. Remain, uncertainties particularly with respect to the International Outlook. Policy may need to adjust accordingly. Global news. 24 hours a day. Powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Time to see how the asian markets are shaping up so far this morning. Here is david ingles with more. David thanks betty. Lets get started with a drop we are seeing across the kiwi dollar. We just heard what they did as far as policy is concerned. He was not speaking to parliament. Got as that the market bit ahead of itself when it comes to pricing where rates would be. He thinks chances are rates will likely stay low. That is driving the kiwi lower as you can see behind. Let the boards and look at how this is playing out across equity markets. Not a lot as far as the overall benchmark. We are down with the exception of the rc in new zealand. Mix with over a 1 pop yesterday. We were talking about potential supply disruptions. You have big mines in indonesia and chilly. You have over potential disruptions there for different reasons. Said, to 66 or 267 academically. 106. 50 overnight. We are seeing pressure over the political outlook over there in europe. Very quickly, have a look at bonds. And the other things were following here as well. This story in the bond markets is the rally we will continue to see for the fourth straight day. Aussie tenure is back. That is what the german bund did yesterday. 10 points on the japanese 10 year bond. In terms of stocks you are tracking, i know it is thursday. So our viewers are getting thirsty. You talk about the beer maker. Talk about the story with carlsberg. Would say that, wouldnt you. We are talking carlsberg here. Tsiway, think how ngtao is a good here, but it is basically water in my opinion. 20 sberg is that the way a tsingtao stake here in brewery. Japan displayed very does impressive earnings, doubling with the markets expected. Hitachi getting hit here. It has to do with the deal mitsubishi heavy and singtel. That will open up in 30 minutes time. Yvonne thank you. Spend 7s it will billion to finish construction on a Semi Conductor factory in arizona. It is just the latest in a series of companies to talk up u. S. Investment in jobs in a meeting with president trump. Ramy inocencio has the details for us. The intel ceo visited donald trump at the white house today. What would be a 7 billion investment on a new itnductor factory turns out it is not as new as he said. It will bring in 10,000 in terms of job growth for the state of arizona. 3000 of them would be high wages and high skill. 7000 in