Daybreak Weekend: US Jobs, South Africa Conference, South Korea Shareholder Meetings

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This is Bloomberg Daybreak Weekend.

Our global look at the top stories in the coming week from our daybreak anchors all around the world.

Straight ahead on the program, we'll look ahead to March jobs data in the US

and what they may mean for Fed policy.

I'm Nathan Hager in Washington.

I'm Kellyanne Hepke in London, where we're looking at the drive for investment in South Africa.

I'm Doug Chrysner looking at the movement to reform corporate governance in South Korea.

That's all straight ahead on Bloomberg Daybreak Weekend.

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Good day to you, I'm Nathan Hager.

We begin today's program with the latest read on the labor market in the US.

The March non-farm payrolls report comes out Friday at 8.30 a.m. Wall Street time.

And here with us now is the man who's going to break those numbers as soon as they cross your Bloomberg terminal later this week.

Michael McKee is with us International Economics and Policy Correspondent for Bloomberg Radio and Television.

So great to talk with you ahead of another jobs Friday.

Mike, of course, we saw that surprise jobs loss in the February numbers.

Can you make any expectations for March?

Well, you can't have a whole lot of confidence, but this is going to be released on time.

And all the data will be included.

And we won't have any lingering problems from the government shutdown that we can really anticipate.

So I think at this point, we'll get attention as a realistic view of where the labor market was in the month of March.

The issue is, what does that really mean to the Fed at this point?

And I go back to Jay Powell at the last Fed meeting at the news conference where he said that we don't know what's going to happen.

And we don't know exactly why we saw the big drop in February jobs and why we might see it reverse because we've seen a big change in the number of people who are in the labor force.

And we may not need so many jobs.

And so the companies may not be hiring so many people.

So whether it's a sign that the economy is falling off if the numbers are low or a sign that the economy is hanging in there.

If they're high, we're going to have to kind of guess at that for this moment.

Before we get a little bit more into what the numbers could mean going forward, let's talk about what we are expecting looking back.

What is the expectation among economists about what we could see in terms of that March number?

Well, remember the original February number was a negative 92,000.

So the bet is we see 150,000 turn around where we get about 50,000 jobs during the month of March, which would fit in with the guesstimation of economists for how many we need to keep the unemployment rate steady given the decline in the labor force.

And the forecast is that the unemployment rate stays at 4.4%.

So it's kind of a conservative, let's go with the median view by economists.

But I don't think anybody would be surprised if we saw another decline or if we saw a bounce back to some of the numbers we were seeing in the fall.

So we could have a pretty significant range, one where the other sounds like in terms of what this could mean, though, for the Fed's planning going forward.

Since we do have that uncertainty that you mentioned that Chairman Powell talked about, I mean, how do we gauge what the Fed could be considering here?

Well, the thing to keep in mind is that at this point, the next meeting for the Fed is at the end of April.

We are going to get this jobs report at the beginning of April, and then we'll get a couple of inflation reports before we get to the April 29th Fed meeting.

So this is the last big employment number.

And if you're on the side of the Fed that says we're worried about the economy falling off, then if we get a bad number, it'll help make the case that maybe you want to go back to rate cuts.

If we don't get a bad number, then they can focus more on inflation, which is likely to go higher in March just because of the war.

And we'll see oil prices push up headline inflation, and we'll see what tariffs are still doing.

So there's more of a concern on the inflation side than on the job side, but jobs will still be important to because the last one we get before the meeting.

Well, is there a concern among economists about whether the job market could be affected if the war continues for an extended period of time?

Is that something that's being considered?

Well, it's something that's theoretically possible. It depends on how long the war goes and what kind of costs are imposed.

If you get high enough gas prices and higher inflation in other areas of the economy and people stop spending because they can't afford it or don't want to spend into inflation, then you see a decline in demand, and then you see companies don't need to have as many employees.

And so they may let some people go. That's the classic recession setup.

There's not really a feeling that that's going to happen now. We're talking about gasoline prices going back to levels they've been at before.

So people are somewhat used to that and somewhat used to dealing with it, but depending on how long the war goes and what happens, it's certainly a possibility down the road.

All right, Mike. Thanks for this as always. It's Michael McKee, International Economics and Policy Correspondent for Bloomberg Radio and Television.

Again, look out for those March jobs numbers this Friday morning at 8.30 a.m. while street time.

Let's take a look now at some stocks making news in the week ahead. I'm Nathan Hager joined by Bloomberg equities reporter Alexandra Seminova getting us ready for some stocks that are going to make news on earnings starting this Tuesday with Nike.

You know, Alex, that the struggle for this company has been real. Yeah, Nathan, it is going to be an important company for investors to watch given its role as a retail and consumer bell weather.

Its results will test whether its long promise turnaround is gaining traction or not. So all in all, Nike anticipates low single digit revenue declines in a gross margin contraction year over year for the fiscal third quarter.

An analyst are also anticipating soft global sales momentum through March. China, of course, remains the swing factor for this company. Its turnaround still runs through China where sales have been deeply negative and remain a major drag on both revenue and earnings.

But any sign of stabilization for that sector, even something that is just less bad could shift sentiment quickly. Sales in China are estimated to be down 16% with operating margin down 500 basis points.

And in North America, there are early signs of improvement helping offset some of the weakness in direct to consumer and international markets when it comes to the stock reaction that people anticipate on the earnings options markets are implying a 7.6% share move post earnings.

So going to be interesting to see the market reaction to its results and looking at some of the Wall Street analyst reactions ahead of the reports, UBS lowered its price target on the company Deutsche Bank did as well.

Okay, so it sounds like the bar is pretty low when it comes to Nike, right? I mean, if they come out in, you know, beat earnings, does that imply that we could see a pretty significant boom for Nike?

It certainly does, you know, indicate that if they do surprise to the upside, if they say anything positive, then we could see a pretty strong reaction from the results hence that nearly 8% move that investors are pricing in.

Also on Tuesday, we hear from beyond meat or are they calling themselves beyond now? Did they drop the meat from the I can't remember?

Yeah, it's hard to keep up. So they have a new overhang that we are monitoring, which is accounting and control issues.

So they delayed their earnings results after identifying accounting errors and material weakness tied to inventory.

That's raised questions about its internal controls and for investors now, the focus isn't just on the fundamentals from the earnings report, but about governance and execution risk as well, depending on what they say about those issues.

So the company had found errors and it's previously issued a financial statements for the first three quarters of 2025 management had tried to assure investors that these aren't material errors and they're going to get them fixed pretty quickly.

So investors will be keen to hear what they say during the earnings call about those accounting mishaps.

And then on the fundamental side, beyond meat is facing shrinking sales and ongoing losses. The company expects preliminary net revenues of about 61 million for the fourth quarter of 2025.

That aligns with prior guidance of between 60 million and 65 million dollars.

And the company is still expecting to post a loss highlighting how far it remains from any sustained profitability.

This comes, of course, as consumers just pull backs in their product due to higher prices, competition from cheaper animal protein and a broader shift toward less processed food.

Yeah, I mean, it's got to be tough just from the fact that traditional meats have gotten more expensive these days as well.

Definitely keeping an eye on that stock as well. And then on Thursday, we get results from our age.

I think a lot of us might remember this one better is restoration hardware, but this could be a really interesting to hear from a furniture maker in this environment.

It certainly will be because this company was kind of at the center of some of the terra volatility last year.

So our age is expected to experience sales gains extending into 2026, a positive they're given its unique position with high end consumers in a small share of the home furnishings market.

And sales growth is projected to slow a bit to a six quarter low in the fiscal fourth quarter following a slight softening in 2025.

Our age is moving forward with its hospitality and international expansion strategies.

So investors will be keen to hear what updates they have on that.

Those, of course, could lead to stronger market share, but they also involve execution risk and concerns still remain about the impact from tariffs and any ongoing investment spending.

You might remember that the company had trimmed its fuller outlook before citing pressures from tariffs and famously last April its CEO drew attention during the company's earnings call after blurting out a curse word watching their stock decline as tariffs were implemented.

So that's an interesting one to remember. And it's going to be really important to hear what they say about tariffs.

Yeah, a lot of potential headwind still for all of these companies. It sounds like the bars is pretty high all around.

Yeah, I mean the earnings reports will be a make or break moment for equity investors given all the updates were expected to get on the impact of oil prices on their businesses and on the continued unwind of tariffs.

Okay, Alex, thanks for this as always. That's Alexandra Seminova, equities reporter for Bloomberg news and coming up on Bloomberg daybreak weekend.

We'll look ahead to the sixth South Africa investment conference. I'm Nathan Hagerb and this is Bloomberg.

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This is Bloomberg Daybreak Weekend, our global look ahead at the top stories for investors in the coming week. I'm Nathan Hager in Washington. Up later in the program, we'll look to shareholder meetings in South Korea.

But first, in the coming days, the South African government will intensify its efforts to attract 2 million rand in new investment commitments over the next five years.

The upcoming South Africa investment conference due to take place in Johannesburg will be an attempt to build on the success of the country's previous five year investment cycle, which surpassed its fundraising goal.

But will geopolitical tensions and uncertain trade relationships threaten new commitments. For more, let's go to London and bring in Bloomberg Daybreak Europe anchor Caroline Heppker.

Nathan amongst the aims of the sixth South Africa investment conference is a desire to translate momentum into capital deployment, strategic partnerships and measurable economic outcomes.

The country has some momentum now expanding at the fastest pace in three years in 2025, helped by stronger output in agriculture in terms of trade and in finance industries.

GDP grew by 1.1% according to a report earlier this month. 2025's figures represent the fastest pace of expansion since 2022.

But the gains come after a period of stalling, South Africa's economy has underperformed for more than a decade growing by an average of less than 1% annually because of electricity shortages and logistics snarlups that have curved mining and manufacturing production

and also deterred investment. Now, a prolonged war in Iran and sustained higher oil prices threaten progress once again. Speaking to Bloomberg earlier this month, South African finance minister Enoch Gorongwana described the situation as worrying.

As I've indicated, oil prices, if they begin to go up, South Africa is a price-taker and that will have implications for the inflationary impact for us. So the war is worrying.

What are the potential implications for the debt profile of South Africa, which has been rising and then, of course, the union government have pledged to stabilize debt levels, can you continue to commit to that in this environment?

I think we will continue to commit to a destabilization process. Of course, we'll have to take into account what the nature of the shocks at the moment we have not been able to model the shocks, but we'll have as time goes on, we hope that is going to be four weeks as President Trump has said.

If it is four weeks, then that is going to be fine, but it goes beyond four weeks. We'll have to have to pencil down the implication.

That was South Africa's finance minister Enoch Gorongwana speaking to Bloomberg's Tom McKenzie, Anna Edwards and Lizzie Burden.

So will South Africa make good on its growth projections or could geopolitical tensions derail plans?

So joining me now, Bloomberg's chief for Africa correspondent Jennifer Zabba Sajja and the Africa economist Ivan Mango. Thank you so much for being with me.

Jennifer, can I start with you? Do we expect to see any important names or businesses at this conference in the next few days?

Yeah, thanks so much for having me. Look, this is a very important conference for the South African government.

It's the sixth South African investment conference that we've seen. And if you speak to the government, they really do champion this event as one for the investors in the business community.

And also civil society and public to come together and talk about some of the nation's progress and what it will take to see some more progress potentially that comes through capital or other forms of reform.

And so we always tend to see the president there. So president zero remaposa, the deputy finance minister is supposed to be there as well as the minister of trade.

Of course, Parks Tau, which will be it'll be very interesting to hear from him, especially considering a lot of the back and forth that we've been hearing about trade and tariffs and South Africa's position.

And when it comes to the business community, our expectation is that potentially we will see the CEO of Anglo-American there as well as the CEO of VOTACOM.

So very different sectors there, but just illustrating just how varied potentially the attendees are.

And really a lot of what potentially will go into some of the progress and the growth of the economy that South Africa needs to see and investors want to see.

Yeah, absolutely. There has been lots of fanfare hasn't there a head of this event.

Ivonne, recent projections for South Africa are encouraging despite a long period of lackluster growth.

What has the country done to turn its economic story around? What's it going to be telling people?

Yes, so I think the growth number that came out for 2025 is symbolic of the reforms we've been seeing.

We saw growth double its pace to 1.1% last year from 0.5% in the previous year.

And that's a reflection of reforms that we've seen in the power sector that have resulted in the return of more reliable power.

Also in the logistics sector, that's also helped ease trade on that front.

So those have manifested in a pickup in demand, we're seeing household consumption pickup.

That's also on the back of lower inflation and easing of rates.

That's helped credit driven demand pickup.

And I think most encouraging is that we've seen a return of growth in growth fixed capital formation,

particularly in the second half of 2025 suggesting that we are seeing a recovery on that front as well.

So Ivonne, just compare this. How does the growth in South Africa compare to its regional pairs?

That's a good question. So I've just mentioned that the growth doubled its pace in South Africa,

which is still also far short of what we're seeing in the region.

South Africa is expected to grow to around 4% this year.

So this gives you a good idea of that sort of growth rates we're seeing on the continent,

the fastest growing countries, particularly in eastern Africa, where we're seeing growth in the mid to high single digits,

also in West Africa, where countries such as Katrina one, Senegal, also growing pretty rapidly.

Compared to its peers, yes, South Africa's growth is rather weak.

But when we compare ourselves here to where we're coming from, it is a recovery.

Jennifer, tell us about the political situation in South Africa then,

and how that is affecting and influencing economic policy then as South Africa tries to boost growth.

Yeah, I think, you know, South Africa has been balancing quite a bit of different developments,

I think, when it pertains to some of the bilateral relationships that it has.

And also, when you look at just what's going on, ongoing in the Middle East,

with the war in Iran and the potential stance of the BRICS nations,

which, of course, South Africa makes up part of that.

And the challenge that the block has had, in at least coming to some sort of consensus on the stance of where they position themselves at this point.

And just to Ivon's point about some of the growth that we had seen over the past few years,

it really is a priority for this government to actually show not just South Africans,

but also the investment community that they really can accelerate some of the promises that they are making.

And so, time and time again, we hear the government trying to at least put forward this rhetoric that illustrates that they are non-aligned when it comes to some of the conflicts and the politics of today.

But, you know, that behind the scenes, I think, is a bit more complex as some of our Bloomberg reporters have been able to uncover in the past few days and weeks.

Yeah, indeed. So, that's on the view of the Iran War, geopolitics that's happening from the South African perspective.

But this, of course, is layered with this period of strained relations with the United States.

And that's also huge important to consider, isn't it? What's been happening recently on that front?

Yeah, we've seen relations between South Africa and the US really deteriorate sharply since President Trump came back into the White House last year.

We saw that the US President falsely accusing South Africa of what he believes was subjecting white farmers to a genocide also seizing their land.

We should note that there have been many findings and reports that actually deny that claim.

We also had seen concerns about what South Africa had said about their own stances on relations with Iran and Hamas.

And Trump has also rejected the black economic empowerment policies of South Africa.

And so, I think it has been a relationship quite tense over the past year.

It doesn't seem like this is a relationship that is going to be repaired anytime soon.

But it's one that South Africa definitely needs to repair, especially if you think about its trading relationship with the US.

Yeah, I'm okay. Interesting points, Jen. Thanks.

Yvonne, in terms of then, the need to try to drum up investment, external investment.

What is being sought at this investment conference? How important will it be to South Africa's economic trajectory as it tries to also build trade and just revive the economy?

What do they want to see from investors, do you think?

So, investment is important, particularly for countries that run current account deficits like we do in South Africa.

It implies that you don't have sufficient domestic savings to investors much as you'd like in your economy.

So, in order to attract investment, what governments typically do is try to improve the regulatory environment and just make it attractive and conducive for investors to come into a country.

So, that's the sort of position South Africa is in.

They're seeking investment for logistics sector and telecommunication sector.

And particularly in sectors that can absorb labor, as you know, South Africa has a particularly high unemployment rate.

One third of its labor force is without a job.

So, investment is particularly important in trying to address that particular goal for the country.

I mentioned earlier, we've just recently seen a pickup in growth fixed capital formation after being in decline for several quarters.

So, boosting or disattracting more external investment, particularly foreign direct investment, would help in terms of sustain that recovery on the investment front and help growth accelerate.

Yeah, absolutely. So, let's see what can be done then in terms of South Africa, hoping to attract two trillion rad in new investment commitments over the next few years as part of this South African summit.

Bloomberg's Chief Africa correspondent, Jennifer Sabasajah, and to our Chief Africa economist, Ivan Mahango, for joining me.

I'm Carolyn Hedger here in London. You can catch us every week day morning for Bloomberg Daybreak, you're at beginning at 6 a.m. in London.

That's 1 a.m. on Wall Street, Nathan.

Thanks Caroline, and coming up on Bloomberg Daybreak weekend, we'll look ahead to shareholder meetings in South Korea as the country's corporate reform drive faces a crucial test.

I'm Nathan Hager, and this is Bloomberg.

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This is Bloomberg Daybreak Weekend, our global look ahead at the top stories for investors in the coming week. I'm Nathan Haker in Washington.

It's been a busy month for shareholder meetings in South Korea, and they'll continue in the weekend.

For a closer look, let's get to Bloomberg's Doug Krisner, host of the Daybreak Asia podcast.

Thanks Nathan, these are not your typical meetings. They're being conducted as South Korean president Lee Jae-myeong pushes for corporate governance reform.

And there has been a flurry of shareholder proposals and activist campaigns. For a closer look, I'm joined by Bloomberg's Winnie Sue.

She is Asia equities reporter and Winnie joins from our studios in Hong Kong. Thank you for being here.

I'm going to start with the big companies names like Samsung, Hyundai, LG, familiar names that certainly dominate the South Korean economy.

These are conglomerates. They are essentially massive family owned enterprises known as Chables.

Are they the primary drivers for this push on corporate reform?

Yeah, they are basically the issue, the court issues of it, just because how much they control of these companies, right?

Like you mentioned, these family-run conglomerates control hundreds of corporates in Korea.

And that is an issue because they sit on the board and they would then prioritize their interests over the shareholders' interests.

And that is what the government is trying to unwind or unpack to make sure that these Chables actually have less impact or less say on the companies.

And that companies can really push forward for their value and for the shareholders' value.

As you know, and we've talked about this in the past, we have seen how the big South Korean firms like Samsung and SK Heinigs have benefited from the trade in artificial intelligence.

And how their share prices have helped to power the South Korean equity market.

So Winnie, I'm wondering whether the Chables are being blamed at all for limiting the market in any way.

Yeah, absolutely. So as you mentioned, the most recent catalyst is that AI demand or the AI drive.

But there's also some expectation going in with President E. Jami on pushing forward for this value app program so to improve the corporate governance.

And we are talking about, for example, Korean stocks right now at trading at 1.8 price to book ratio.

And that's way below MSCI Asia at around 2.1 and Taiwan, even at 3.3.

So you can see that it's really being very undervalued. So investors are saying that if the value there is improved, we can expect further foreign inflows.

And a big reason to Korea stocks under performance over the past many, many years is because of this Korea discount.

And because it's so undervalued compared to its major global peers, whether it's micron or TSMC, that has first stopped foreign investors from investing in Korean stocks because it's so undervalued.

And also local investors preferring stocks in the US because of this as well.

So that is a core issue why Korean stocks have been underperforming in the past many, many years. And that's why it's so important for that to be addressed for Korean stocks to even trail higher.

So as I understand the history of Chables goes back to the 1960s, and I'm thinking that in order to counter their influence, any type of reform is going to take a very, very long time.

Yeah, exactly. It is a very big structural issue to change. And because they have such oversized influence by holding so many subsidiaries across the country.

And also they do have very cozy relationship with the government as well. So that is another difficult part to kind of tease out.

And we are though, however, under the latest government that we're finally seeing some kind of changes, although it is taking time.

So for example, you're looking at Samsung and SKNK now announcing how they are canceling treasuries basically the first step of unwinding these kinds of cross share holding and just recently with the finance regulators also coming into ban the double listing of basically the parent company as well as the subsidiary companies.

So the goal really here is that they want to make sure the parent companies can focus on improving their own value instead of trying to raise money or to raise their value through these IPOs of their subsidiary companies.

So these small changes that we are seeing right now are just steps of kind of unwinding these cross share holdings that we are seeing.

And I think one thing to point out is that it's going to take time. And we saw how it has been taking time in Japan, for example, if we take the example of Japan.

We have a very similar system called the Daibatsu, which is also basically the same word of table in Korea. But the thing is it is a less entrenched system in Japan.

And yet it still has been taking such a long time.

First started back all the way in 2013 under the then Prime Minister Shinzo Abe, who started to push for corporate governance.

But for Japan, they really start picking up in 2023 under the new TSE, the Tokyo Stock Exchange Head, who came up with a series of measures to improve corporate governance.

And Korea right now is really taking example or taking hints from that.

So some of it being, for example, they asked companies that have very low corporate governance to come up with plans to improve their capital efficiency.

They actually asked them to submit the plans to the exchange. And another example is that they came up with this list name and game list of companies who are trading below book value.

So these push from the regulators and the government of Japan has helped Japanese stocks to rise to record highs. And people really quote on how it is a fundamental change in Japan.

So we can see some similarities there as well.

What are people saying about the way in which this corporate reform, this change in corporate governments, may begin to impact the South Korean equity market?

What we're hearing from investors is that this is basically the most important catalyst or the more structural change that they are looking forward to when it comes to becoming the long term investor for South Korea's market.

And so far because of that undervaluation of Korean market, the market really is seeing more of a short-term trade market.

And hence the very high volatility because people really don't believe in longer term investing in this market because of all these issues we talked about, whether it's the table or the company is not really valuing shareholder, value of shareholder's interest.

So being able to address these problems is very core when it comes to attracting foreign investors to become the long-term investors for South Korean market.

And recently we are looking at, for example, how South Korean stocks have been really rising on the AI demand and the AI story.

But the underperformance that we're seeing in the past few weeks driven by the concerns around the around war or people profit taking from some of the top performers, that is also hurting Korean stocks right now.

So as the AGM goes on, people are looking forward for this to become the next catalyst or the key catalyst for a rebound for the South Korean stocks that have been recently struggling because of the lack of the AI story.

Can you give me a sense of the magnitude of these shareholder proposals? How many are we talking about? How big is this movement?

Yeah, so this time around we're talking about more than 2000 companies going through this AGM season right now.

And we are already based on our data that we see about 60 shareholder proposals this year. It is kind of at a similar level versus last year, but way more than what we saw back in 2021 too, for example.

So it is quite a big pickup that we are seeing and we're also hearing from fund managers that this time around companies are more willing to engage with them to talk to them ahead of the meeting versus previously, even when they write letters to these companies, they might not even get a response.

Winnie will leave it there. Thank you so much. Bloomberg's Winnie Sue, Asia equities reporter joining from Hong Kong. Let's get to Bloomberg's Charlie palette for another market moving conversation from the APAC region.

Thanks, Doug. We go to Beijing next, where in the last week the China development forum took place bringing together senior Chinese officials and global executives to discuss economic policy.

It was there that we caught up with UBS Group CEO Sergio Armate and he spoke to Bloomberg's Stephen Engel and Stephen began with asking Armate how clients are reacting to the conflict in the Middle East.

We saw clients already diversifying their portfolios early on this year. You saw much more dispersion in the way they were looking at maybe shifting away from more DAI technology to a more diversified portfolio that was a good move.

Considering what we see in the last few weeks, at this stage clients are still broadly speaking calm. We don't see any major shifting asset allocation, but of course this pressure on the economy will start to wager into the markets.

What are your clients directly telling you? They're worried about the length of this. Everyone I've talked to here, they don't know how long this uncertainty is going to last and we don't know where oil prices are going to end up at the end of the day.

Well the topic I would say is not only how long it's going to go but really to fully understand how long it's going to take to digest this shock, somehow the surprise of this crisis, particularly for the Middle East.

The fact that the entire region has been destabilized in that way will take some time to be digested by investors and by the market.

So I would say that I think it's much more important to understand the second part with digestions rather than how quickly this will end.

I don't know how long it's going to go but for sure I don't think that we can have a situation like that going on for too long.

How cautious does it make you and your expansion plans? I know you just got the designation changed in the United States with your chartered bank there.

That's a positive development. Last year you got full ownership of the security business here in China.

I mean does it affect your M&A outlook and how you plan to grow the business going forward?

Well no I mean it's not because we don't really run the business on a stop and go kind of so I think that we may tactically have to slow down certain investments but of course the direction of growth in the US, in Asia and across the globe is there.

So I think that we need to continue to invest in capabilities in artificial intelligence to make our processes more efficient.

We need to invest in order to make our client advisor more efficient.

UBS Group CEO Sergio Armady speaking with Bloomberg Steven Engel from the China Development Forum and I'm Charlie Pellet you can catch us weekdays on the Bloomberg Daybreak Asia podcast.

It's available wherever you get your podcasts Nathan.

Thanks and that does it for this edition of Bloomberg Daybreak Weekend. Join us again Monday morning at 5 a.m. Wall Street time for the latest on markets overseas and the news you need to start your day.

I'm Nathan Hager stay with us top stories and global business headlines are coming up right now.

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