,tty this is daybreak asia live from bloombergs u. S. And asia headquarters. I am betty liu, in new york. Yvonne i am yvonne man in hong kong. Breaking news out of south korea on First Quarter final gdp numbers coming in at 1. 1 . For 0. 9 s were hoping estimate. Relatively marginal beats. A year on year figures coming in at 2. 9 . Gdp setting the fastest face pace we have seen since 2013. We will see what the Market Reaction will be. Big story this morning that happened the last couple hours, the stunning announcement from president donald trump. We saw classic donald trump come out. We absolutely did. At that overshadowing any news we are getting so far. In terms of the reaction in the market, it was interesting. Been. S. Markets have getting higher. They ended at the top of the session. You can see the s p higher by 0. 8 . The dow adding on 135 points. The nasdaq composite rising 0. 8 . The doomsday scenario we saw from u. S. Ceos saying it would be bad for the economy has not playe
Corporate america lashing out in response. Haidi australia remains committed to the climate deal, telling bloomberg that if you sign a deal, you stick with it. Rishaad the shipping industry plotting a course out of oversupply, a look from the chief executive of cspan. Accord,t that climate donald trump at 3 00 a. M. Hong kong time, making that statement he promised 18 hours before hand , indeed to pull out of this paris Climate Change agreement. Lets have a look at the chart capitathe top shows per how much higher u. S. Emissions are per person than chinese ones. 2006, we saw china overtake United States in terms of overall emissions. Where does that bring us to . Bring up the next chart, there we go. Coa is the s p 500 versus l and solar. Since for about a year or thereabouts. Al index has moved higher on this Climate Change agreement being consigned to the wastepaper basket. There we go. Haidi thats right. The other side is what does this mean for global leadership, the sense that th
Difficult to imagine a more timely moment for us to convene this particular forum. Met,e years since we last we have seen examples of something that is extremely an extraordinary. Cities are important as players on the national stage, bypassing cities look to each other. Mayors and city leaders across this country affirmed their support for what had been an nations, theng paris climate accord. Climate change is not an outlier in city to city coordination. It is happening on issues of inclusion, immigration, health, security. Extraordinary is perhaps the wrong word to describe this trend. Direct city to city coordinations emerging and wonderfullycoming ordinary. Why . Urbanization is the most consequential force shaping our political order in this century. It is the most dynamic force. 500 cities around the world have a population of more than one million people. That statistic it does not capture the staggering pace at which cities are growing. World0 one third of the lived in urban ar
Difficult to imagine a more timely moment for us to convene this particular forum. Met,e years since we last we have seen examples of something that is extremely an extraordinary. Cities are important as players on the national stage, bypassing cities look to each other. Mayors and city leaders across this country affirmed their support for what had been an nations, theng paris climate accord. Climate change is not an outlier in city to city coordination. It is happening on issues of inclusion, immigration, health, security. Extraordinary is perhaps the wrong word to describe this trend. Direct city to city coordinations emerging and wonderfullycoming ordinary. Why . Urbanization is the most consequential force shaping our political order in this century. It is the most dynamic force. 500 cities around the world have a population of more than one million people. That statistic it does not capture the staggering pace at which cities are growing. World0 one third of the lived in urban ar
Difficult to imagine a more timely moment for us to convene this particular forum. Met,e years since we last we have seen examples of something that is extremely an extraordinary. Cities are important as players on the national stage, bypassing cities look to each other. Mayors and city leaders across this country affirmed their support for what had been an nations, theng paris climate accord. Climate change is not an outlier in city to city coordination. It is happening on issues of inclusion, immigration, health, security. Extraordinary is perhaps the wrong word to describe this trend. Direct city to city coordinations emerging and wonderfullycoming ordinary. Why . Urbanization is the most consequential force shaping our political order in this century. It is the most dynamic force. 500 cities around the world have a population of more than one million people. That statistic it does not capture the staggering pace at which cities are growing. World0 one third of the lived in urban ar