United arab emirates. I am here and live in the headquarters in dubai. We have got a pack show. The markets set for day two of the election. Heidi. Haidi it is mid day. Welcome to Bloomberg Markets middle east. What a recovery we have seen here in asia. It was plunging the most since brexit yesterday, but we have seen quite the bring back. Gains,leading the topping 1 . Hong kong up 0. 8 . Have a weaker you want yuan, tracking gains in the gulf dollar overnight. The topics leading topix leading. Tokyo stocks were down, but we made it up and then some. I have decided to focus on the bond markets. What a spirited reaction. What does trump really mean for the bond markets . Two is a magic number, never mind three. It has flipped on the news read radar, 23 billion of 10 year notes, the weakest demand. Look at 30 year Government Bond yields, timing the most since thinking 77. Trump has planned 500 billion to infrastructure. Aramco fell overnight. The slump in the market indicates rates in the usa at 1 in two years time. That is the market. The u. N. , the bond market, diving. Two, but whatb at does trump mean for oil in the United States of america . E is a critic of opec what does it mean for opec . What a whip around in the u. S. , 1122 points. Highest since august 15, only on the upside. The rest of the markets just missing. 0. 8 percent, abu dhabi 0. 5 . There is a great feeling of anticipation with what trump means for the white house. Haidi the return of that. We are looking for it, there it is. In the hours after his election, republicanselect have claimed a mandate to revamp financial rules and replace obamacare. Withedits republicans winning the house. They will enact changes. Donald trump we are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, hospitals. We are going to rebuild our infrastructure. Way, will become, by the second to none. Not time to hear what the defeated Hillary Clinton had to say. Trump islinton donald going to be our president. We know him an open mind and the chance to lead. Our constitutional democracy and shrines the peaceful transfer of power, and we dont just respect that, we cherish it. President obama i have instructed my team to follow the example president bush sent eight years ago for the Successful Transition for the president elect. Because we are now rooting for his success in uniting and leading the country. Haidi lets get the latest on the markets now. What a difference 24 hours makes. The rally continues here. Here is a look at asia. The first 24 hours at the very moment, a lot of networks were projecting donald trump would be the next president , so this is the gms function. It is the first 24 hours at the very a tweak right here. You shift that, it takes you to that moment. In hong kong, it is 3 31 in the afternoon. We have mapped out the sort of move we have seen across asset classes. And the colors are screaming out what it means. The moves are not what you usually see across markets. Stocks in asia very green. That is the simplest way to put it. Japan up 6 . Singapore 3 . The best day in eight months, volumes surging as well. We are used to seeing this here in hong kong across markets in the region. Market story number two, bleeding continues in the bond market. Very red, healed going up. 30tralia 10 year 30 years up basis points. Move in theg a big yield curve. Reading a steeper yield curve. Forex, japanese yen still weaker from this time yesterday. Everything else in asia, it is down against the u. S. Dollar despite smashing earlier. Looking at what markets are expecting, the dollar holding onto gains, they may move in december. Thank you. The volumes were literally day average, but we came out of the studio and i have the city of dubai behind me. I have a special guest, the chair of the group. Welcome to bloomberg. Good morning. Reporter the last time you and icon up, you said donald trump is a loose cannon. His presidency would be dangerous for the world. How do you see 24 hours on, what is your perspective . Respect, the world has to respect the wish of the american people. They decided to choose donald trump. The only thing i say, i hope for americans is success. Any more onment that because it is american choice. Reporter lets talk about business. The ramifications can be quite defined. Trump has talked about lets stop muslims from coming into United States of america. Extreme vetting. Comments,ook at those what do you want to see coming from trump . How should they reach out to one another . Opinion, myy country [indiscernible] we are set up from the reviews administration. This is what happens from these people. We need to feel that we are handed over iraq and iran. What is required, the nuclear weapons, plans from iran. Reporter so would you [no audio] john haidi having some technical difficulties. Lets check in on the headlines, including one of our top stories. New Zealand Central Bank saying it has done enough to return inflation after cutting Interest Rates to the fresh record low. To 1. 75 . Inflation has languished below, 1. 3 target for two years. The strongest growth seen in the developed world. The kiwis are rising on that statement. Monetary policy will be accommodated. Current projections and assumptions indicate policy including todays easing swissie growth shrine have to have inflation near the middle of the target range. At someormer officials of south koreas Biggest Companies have been questioned with peddling investigations linked to the president. He had summoned executives from lg, s k group and others. Accused the president s friend of coercing companies into making donations. The European Commission going to court over a record 14 million tax bill on acid apple. They went against the command that dublin lent money. Tax have a campaign against avoidance in europe, but they will look at the investment climate. Nilsson says nearly 90 of chinese consumers may take in the singles date promotion friday. Jumping 40 , more than 40 billion, but just lower than 54 growth. Would havesave it social shopping on the website for longer, boosting ticket sales. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Later in the show, opec was struggling with a deal for production cuts this month. Does this trump victory, trump in the white house, make it difficult . What is the middle east take on the election result . Amend supported trump and then changed his mind. We are talking to a billionaire. Reporter welcome back to Bloomberg Markets middle east. I am manus cranny. Haidi i am haidi lun in hong kong. Lets get a look at the business flash. Shares from chinas biggest Property Developer are gaining. Raised its stake to 8. 3 . They have been on a debt fund buying spree. They built of their land bank in china and are trying to inject assets into a Property Company on the mainland. Police in singapore have named a person of interest in a Money Laundering investigation. They told the Court Hearing about the probe relates to sophisticated moneylaundering involving billions of dollars across multiple jurisdictions. The singapore investigation started in 2016, and this included many other people. Trader accused of contributing to the 2010 flash crash has pleaded guilty. He is the second person convicted of such plots of manipulation. 14 million. He took stock futures over five years. He was sent to chicago to face charges of manipulation. We are in Downtown Dubai billionaire headquarters. Lets get back to the conversation with him. Thank you for staying with us. We were speaking about iran. If you support trump renegotiating nuclear deals, give me your thoughts. Khalaf i would support him because he is elected by the america, and we have to accept that. Number one, he has promised to dismantle the Nuclear Agreement between and arrangement with america and iran. If you will meet the commitments, i will take the first step. There is a lot of things he promised to do. Manus there is a lot of things. Let him go for the extreme vetting if he did this nuclear deal. Khalaf manus you think by him becoming president , that will make the sale of properties easier, the relationship with trump khalaf . We have invested with the president , we cannot look at him as a developer. He is not a developer. Manus investing in america, trump in the white house will go for infrastructure, america will grow. Would you be prepared to invest in america . Khalaf i will look and see the model, and lets say september next year 2017 to see what he is going to implement. He has a few promises. We would like to see it. It should be written already. Especially for iraq and iran. Manus what do you want to see him say on iraq . The Current Administration [indiscernible] by the administrators iranian slaves and iranian [indiscernible] and we want iran and iraq to come back to the arabs. 100 it is not representation. Some people say obama changed policy, brought troops home. We have to see there are two sides on that. The stock about business and markets. Warren buffett put a lot of money into cash before this election. Did you take any preparation for the risk the market was assuming on a trump victory. Are you surprised by the market hundred market . , i am thinking affirmatively thinking i have two months not to think or look into any politics. I will wait and see if he implements what he promises. Then i can salute him. Manus if he promises, lets talk about the dollar. Looking behind me, we have the gross khalifa. And there are a few hotels here that he owns. The crane you can see it work in down toe pretty much this man. Lets talk about the impact on the region. Hasnt hurt your Hotel Occupancy . Theaf we are tied to dollar. Manus strong dollar impact, tourists coming in it. The project is done by 20 , this trip is causing me a fortune. Khalaf but the hotel is cheap compared to anywhere in the world. This will compensate your currency. Manus lets talk about that. You say the pay is there. Will it hold . Will it hold against the dollar . Khalaf your currency to the dollar, with all of these hold . Manus it will not surge. Manus i have come down from london. Have you seen impact on brings it . The drop on sterling, wouldnt encourage you to look at u. K. Assets . Khalaf we are looking for property in england, we have bought some. We have also bought a lot of pound. Manus do you think sterling is going to go lower, would you buy more . It is a war chest. Khalaf we are looking at limitation. We have property there already. We are looking for other property as well. Manus are you looking in Central London . Should you look elsewhere . Khalaf it is all packed, everybody making money. Manus where are you looking . Maybe maybe not, fishing. Manus how about buying the pegs . The selfmade billionaire buying sterling and prepared to buy a little bit more. More to come from dubai and the headquarters. What next for his business. We discussed this. We are in Downtown Dubai with the self made billionaire. Lets talk about behind me i see the hotels, many of which you run. Coming on board, are you planning to buy more land and build more in dubai . Af it is not 600 manus 1600. Khalaf where looking at the hotel and theaters. Polo resort. [indiscernible] for the time being we are holding. The market not bad at all. Manus has brexit impacted your occupancy . Khalaf we have a lot of british coming. A lot of coming to our beaches and resort. 20 ink because every bit of , you go somewhere else, the hotel room is expensive. Manus what about [indiscernible] how would you describe the residential market, twice as soft . Khalaf it depends on location. With the university and certain , the price will not drop any penny in case we decide to sell. Manus you are not prepared to drop prices. Market asf commercial well, are you still optimistic . Ipowhole group is linked to. Will you ipo the business in 2017 . Khalaf we will look at data for ipos in 25 years from now. At the time i say no, for a reason. It is for the people, and later i dont make money for them, i cannot sleep. I am responsible. Myself,ay i can feel then i can give them minimum of 10 . Manus and that evaluation, has it reason . What would the ipo be worth . Khalaf 6 billion. Maybe. Lion manus 2017 khalaf youre talking dollars. Manus i am talking dollars. In terms of the biggest is this opportunity, you have a car business, rental car, hotels, residential and commercial khalaf residential. Manus where will you take it moving forward . He region. Halaf important regions like austria, hungary, czech republic. Manus you are going for safe locations. Thank you for having us at your hq. What a privilege. We will find it back to haidi. A very selfmade billionaire, ready to invest. Haidi great stuff. Tying up next, japans Prime Minister faces greater challenges as donald trump wins woes. What it means for abenomics. Wow, x1 has netflix . Hey, drop a beat. Show me orange is the new black wait, no, bloodline how about bojack, luke cage oh, dj tanner maybe show me lilyhammer stranger things, marseille, the fall in the same place as my basketball . Narcos, fearless, cooked the crown, marco polo, lost and found grace and frankie, hemlock grove, season one of. show me house of cards. Finally, you can now find all of netflix in the same place as all your other entertainment. On xfinity x1. Haidi it is 12 30 in hong kong. User first world headlines. Rebounding since the steepest slide since brexit. They recovered from the shock of Donald Trumps election victory. Up more than 7 in sydney, the biggest gain since february. The Republican Controlled Congress will be spending on infrastructure. And from protesters have been on the street, angry over election result. Held in chicago, philadelphia, washington and others, decrying the crude comments about women and attacks on immigrants. In new york, thousands marched to the trump tower. One man who is not protesting trumps victory is carl icahn. He said he looked left to the Victory Party to spend about 1 billion on u. S. Shares. I try to put a lot more to work, but i could not put more than a billion dollars to work. In the bond market got away. Still happy about it. Haidi after speculation this would delay the Federal Reserve from raising Interest Rates, people are wondering how many times the rate will rise in 2017. Investors from kimco to others see the surge in longterm treasury as a sign inflation will be on the rise. That could force policymakers to act more quickly to raise rates costs. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Welcome back to Bloomberg Markets. I am manus cranny. Here in am haidi lun hong kong. Lets get latest from the market. We had a rebound, holding on to those gains. Are up 3 markets from midday. It is interesting to see what happens to the fx, but the dollar Still Holding onto gains. Today it is pulling back. We look at the offshore renminbi, 6. 81 . Still a little above the threshold. Before i flushed the other things out, i want to talk about the other plot across markets, happening across the exchanges in china. Shanghai. King about this is copper and iron ore, aluminum. We are seeing gains. These are not normal. Iron ore, 6 . On top of that, gains are north of15 from the start october. That is one thing to watch closely. And the raised margin requirements, cole has been 1. Sed 80 since october that seems to not be working, if you will. They are preventing further gains. Elsewhere, talk about the release rally. Sia, best day in eight months look at japan, 6. 1 . Nikkei 225 only two or three stocks lower in the market. That is the best day in 10 months. , bestlia, 30 minutes left day in five years. Behind. Lose take japan out, the gains are paring back, but we are still up. The volumes are surging. We basically made up for all of the losses yesterday. The story across the bond market is something to watch closely as the bleeding continues, especially when you look at new zealand, south korea, taiwan. When you look at japan, yields are still below for the 10 year but closing in on zero. The highest level of negative three at the moment, highest since the latest doj tweak. Boj tweak. Lets see where this goes. U. S. 10 years 2 . It will see interesting. You think about what pimco is suggesting, three rate hikes next year. But we have Global Leaders reacting to the election of donald trump. We have had others reacting to the triumph. Some with trepidation. They promised to work with the new leader. I would like to congratulate donald trump with his victory in this election. But russia is ready and wants to restore the fullfledged relations with the United States. Leads thison who great country with its tremendous economic might, military potential, cultural influence carries responsibility felt all over the world. American voters have decided this responsibility should be carried by donald trump for the next four years. This yeah, well how will delicate u. S. China relationship change with donald trump . He has threatened to rip off trade deals, but massive tariffs on chinese exports. Moreen engle is here with perspective. What are we taking . This is the president. Stephen which one will prevail . So many questions right now. We have obamas pit. Give it. Pivot. In the u. S. Best interest to do that. He would argue, we have such a massive bilateral trade between china and United States, 600 billion plus. It is in chinas favor, 208 billion is the Surplus China has. So 45 tariffs on chinese made goods in the states that trump 45 , that could knock off 25 of chinese exports in the first year alone. This would do passive jam it to global damage to global trade. Trump wants to rip up tpp, nafta, a lot of different things. We will not know. Beijing does not know. Hillary clinton was a more known commodity that donald trum