♪ betty: apple revealing the highly anticipated iphone x. samsung and chinese rivals close in. shares dip slightly, apple betting on augmented reality technology to help sell its $1000 phones. betty: asian stocks will extend the global rally. the trump team has lost its tax strategy. >> jpmorgan flags 20% in trading revenue.

jamie dimon says he is tired of the focus on short-term results. hello, and welcome to "daybreak asia." i am haidi lun here in sydney. betty: and i am betty liu in new york. we are thankfully not talking too much about north korea. it is all about the iphone. and apple shares and how they are reacting. but i know you have breaking news on south korea's job data. haidi: the unemployment situation in south korea has been a real problem and the key campaign promise of the new president. augustthese numbers, the adjusted jobs rate at 3.8%. a little higher than the 3.7% expected. still continuing to be an issue. we are watching the data more closely coming out of south korea, given the trials and

tribulations with the north. if we take a look at the markets, it was so much and apple story. but also the absence, continued northrom hurricane irma, korea, that pushed markets of higher overnight. big relief rally yesterday, that may have carried over into today's trade. it let's see where the markets ended up today. you have shares like financials leading the index is higher. 1%, the dow/10 of closing up 62 points. the nasdaq adding up three tens of 1%. we are back up to around 30% in the fed funds futures. i wonder whether we will get a rate hike this year? this number has been bobbing back-and-forth. but now it seems it is back to the level we saw a few weeks ago before the north korean worries gripped the markets.

at least with the bull run we have seen, more confidence among traders that the economy is back up on track. lot of datainly a coming from the u.s. this week. retail numbers will paint of clearer picture. it is been quiet in that blackout period. but we have been talking about the weather events distorting numbers and making things more challenging. that session on wall street overnight pushing higher for all three of those major markets, ending at record highs, setting up nicely for the asian session. take a look at new zealand, where we had tepid trading to get the day started. although we are in positive territory by 2/10 of 1%. .7290.i dollar at we're counting down to opens in tokyo, and seoul. this is against a close of 6/10 s&p asx 200e s&p --

yesterday. tomorrow we get retail sales, industrial in the -- investment. it is -- the aussie is holding up that $.80 level. chicago, a markedly weaker yen. performing inst that g10 space. 2/10 ofo futures high, 1%. the nikkei 225 ending the 1.2%on strongly higher, gain. we have levels we have not seen since the start of september. let's get you up to date with the first word news. headlines are with emma chandra. >> stephen mnuchin has warned of the u.s. may impose additional sanctions on china if beijing does not follow through on fresh yuan restrictions against north korea. that could include cutting off

chinese access to the u.s. financial system. mnuchin says economic warfare were thick -- works against north korea. he said anyone that wants to trade with kim jong-un's regime should not trade with the u.s. attacks overhaul. the administration wants to repeal the communications failure over its failure to repeal obamacare. officials hope trump can build support for a broad case, including lower rates and a simplified code. brexit negotiators have discerned the next round of divorce talks by a week. theresa may is planning of public speech strategy. both sides will meet in brussels on monday, september 25. they have changed their approach after losing their parliamentary majority. jamie dimon has confirmed that jpmorgan is on pace to drop

revenue by 20% on year. that would be the bank's worst period since 2011, bigger than a 15% drop forecasted by rivals citigroup. but he says he is focused on short-term results. >> what happens this quarter is not related to the business you are running. you try to have a good trade, we have an exceptional business. they estimatewn, 20%. last quarter a year ago was a particularly good quarter. >> global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am emma chandra. this is bloomberg. haidi: apple shares dipped as it unveiled its important new iphone. the company is helping its latest can take on competition from samsung, google, and a host

of chinese rivals. tim cook showed off the iphone x, the first major redesign since 2014, which will cost $999 . for more on apple's latest offering, the cofounder of loop ventures. great to have you. we had that disappointment play out when it comes to the reaction in the stoxx and apple bonds. your takeaways from the unveiling? >> it was more or less as expected. when they do not have anything new new, you can understand the stock reaction, which was a little negative. there were a couple other pieces that were not quite fleshed out before hand. specifically the availability of the iphone x. that will be about a month and a half later than i was expecting. there will have to be

adjustments to analyst estimates over the next few weeks to accommodate that. beyond that, it was relatively as expected. that does not take away from the thunder here. apple announced several great products. expected, you do not see it as underwhelming. will it be overwhelming enough to regain market share in places like china? the china peace may be difficult because it is slightly more sensitive in terms of the price market. there is a high-end consumer in china that will have no problem with these more expensive phones. but the overall price of a phone did inch up today. in order for that particular segment to really catch fire again, they really need to put the hammer down on the whole augmented reality thing, something that is thex -- the x factor.

i know they will return the iphone to 10 to 15 -- to 10% to 15% growth. factor is priced in. it is a $1000 phone. will that be something people other than diehard apple aficionados would be willing to pay? gene: i think they will for this reason -- if you look at the phones and compare the iphone 8 to the iphone x, the x looks more futuristic. we have not had a nice, futuristic hardware upgrade for 10 years. that is important to consumers that it feel like the next level. --arately, more consumers our best guess, 20%, are buying their iphones on monthly plans. assuming a two-year ownership over the phone, it comes to be $.25 to $.30 per day in the u.s. is not00 sticker shock

as intimidating once you think about the total cost over two years. haidi: sticker shock indeed. a little bit of waiting and holding off on the upgrade. i want to throw up a quick chart, 1147. there a simple, apple dependent on the iphone as a proportion of overall revenue is 60%. despite the apple ecosystem with the watch, tv, autonomous driving and such, it still remains a one trick pony, isn't it? is that something that should bother investors? gene: it should not because apple said they are launching a new computing platform for the next decade. they will slowly move away from that. it may take five years to come up with glasses, but that is the roadmap. they will inch away from total dependence on the iphone. haidi: what does it take?

apple has always been the trend center -- setter. you see it with the phones. there is reluctance to adopt it at first, but it ends up the industry standard. what will be the next big thing, and out-of-date steer away from being just the manufacturer of the iphone? gene: i think they need to come out and show more features around augmented reality. they showed some today. i think they are setting themselves up to have more augmented reality futures and fall of a year from now. some form of a wearables. the reason why ar and wearables are important, it makes it easier for us to consume this type of content. some a form of a wearable will be in the works for apple. there were -- they are laying the groundwork for that today. haidi: always appreciate you loupg to us, cofounder of

ventures in cupertino. talking about the big unveil. betty: our next guest had his own unveil early this morning, his five cheap stocks, stock picks at a conference. fundng us now is a hedge manager for omega advisors. investing in bullish stock picks, he founded omega after a 25 year career at goldman sachs. i want to welcome our bloomberg radio listeners as well. they want to hear what you have to say. i saw you nodding your head when haidi showed the chart of apple and iphone revenue being more and more dependent -- apple revenue being more and more dependent on the iphone. i know you sold out of apple shares early part of last year. you said you mishandled that investment.

why were you nodding your head? >> we underestimated the software aspect of the company, looking more at hardware. the phones would become more of a football item. betty: what does that mean? >> more of a commodity. we focus on investment in microsoft, google, amazon, adobe. they have worked well for us. but we missed a big opportunity in apple, unfortunately. betty: do you want to go back in? >> i don't look back, i look forward. betty: but there is still some opportunity. >> when a stock goes up 50% come a 60% in the year, someone made money, and it is not mean. we want to lower the trading range. betty: do you think the stock is fully priced? offou are probably better asking someone who has been more correct on it. and it in the low 100's,

was a miscalculation. betty: talk about the other tech shares you have gone into. >> we have microsoft, google, a decentetflix, adobe, complement. my analyst has been more correct than me. i listen to him more completely. -- if i listened to him more completely, i would be doing better this year. betty: what do you mean? leon: he has been unabashedly bullish on all these names. betty: and you haven't? leon: not bearish, but i have limited my exposure. i have a 5% position in google. i would not put a 5% in amazon, given its valuation. i try to figure out where the market is in its cycle, and when i make that determination, i look at the market as a whole. i benchmark everything against the s&p.

the s&p is an index of 500 companies, it has grown 5%, or 3% of the book value. it has 40% debt in its capital structure. with those this is six, you pay 18 times earnings. i try to find companies selling a lower valuation and superior growth characteristics. betty: alphabet is your biggest holding. leon: about 5%. is not an expensive stock, 20% -- 20 times our estimated earnings next year. in the context of value, it is reasonable, buying equal to growth rate. betty: amazon, what did you make of the whole foods deal? leon: i think it will be a cultural change. ibuy big costco shopper, wine vinegar.

two packs for six dollars. i am a value investor. i would say that whole foods would have to reprice itself to become more competitive, if that is where amazon wants to go. atty: i should have known value investor would go to costco for his goods. staples,ave to buy toilet paper and stuff like that. betty: after the whole foods acquisition, where you tempted to buy more into amazon? leon: they are currently around 960. the low 900's. betty: let's talk about the markets. earlier you said a market correction, is that correct? leon: it was taken out of context. betty: that was different than the prepared speech. leon: i said i think the market is adequately valued, not

overvalued. the reporter asked if i would ever have a 5% correction. i said that could happen any time, including tomorrow. i would say we're getting closer to one. i do not spend a lot of time forecasting near-term moves. i try to figure out primary moves and bull market moves since 2009. i do not think it shows signs of ending. it is accelerating inflation, a hostile fed, threat of an oncoming recession. one area you cannot predict that could have an impact is significant geopolitical events. in 1962 we had a couple with the cuban missile crisis and when president kennedy took on the steel industry. we have the issue with north korea. launchppens if they another missile and the president-elect decides to shoot it down? it is not implausible. betty: but where the markets are

trading now -- leon: we are heading to normalcy. an abnormal in environment the last eight years. let me give you an example. a year or so ago the government in seoul with a 50 year bond had a negative interest rate. -- people that, live at home in denmark a year ago were getting a check every month to basically live in a home that had negative interest rate on their mortgage. that is not realistic or sustainable. had these very accommodative central-bank policies around the world. i think we are slowly heading back to normalization. normalization to me is maybe real growth in an economy of a couple percent, 0.5% in the labor force. nominaln of about 2%,

gdp of 4%. is thath, the fed fund 2%. but where in the u.s. the return to normalcy? rate dropped funds to 50 basis points and the tenure government was 138 at the lowest, and now 217. the next couple years i would expect the fend -- fed funds rate to be 2%. the multiple of the multiple of s&p, 17 times. we have a $138 estimate for next year. betty: where do you see the 10 year yield by the end of this year? leon: probably 275. betty: but not above the 3% threshold? leon: we rely upon that central banks. i do not think rates belong at these levels. i do not think they have a

material impact on the economy. betty: this view is accounting for trumps policies, or despite his policies? the earnings estimate is assuming nothing of trump policies. if the tax rate drops, i doubt it will happen, to 15%, and there is $1 trillion repatriated earnings, we could add $10 to s&p earnings. why are you discounting trump policies? leon: i am in, but i do not think the market is pricing him in because of there was a big disappointment in health care. he had seven years to criticize obamacare. we just do not know. -- i now what is happening am not being negative on the president -- but he has his foot on the throat of the economy.

now with the change in leadership, it is pro-business, it is like the person's foot has been taken off the throw, people feel better about things. it has revalue to itself. betty: do you think things are getting better with trump? leon: the business community feels more optimistic. i would say the business community and small businesses. he is unorthodox so he keeps people and stabilized. but let's face it. i am not about to give him any kind of advice. he vanquished 16 opponents in the primaries, won the presidential election, and he did it his way. who am i or anyone else to tell them how to conduct himself? i was fortunate to get invited to the white house. he could not have been a nicer gentleman in terms of how he treated me. i told him, and my opinion, the best thing he could do for the

country is to work very hard to unify the country. there is too much division. he said, very, very difficult. there is a lot of anger out there. betty: you were on with us shortly after you settled with the sec. that was a couple months ago. how is it right now? very slow. hedge funds are experiencing limited inflow. betty: what about you? leon: very minor. we had a significant outflow. i do not want to draw in the sec. we cannot say we were innocent or guilty, the facts speak for themselves. the department was disgraceful disgraceful. was it is a glorified family office. but we are engaged. leon: did any of that make you

say, i want to get out of the business? leon: you think about it once in a while. i am known for two facts. of.er one, i do a lot guidance. ce.peer guidan do what you love and love what you do. that keeps me in the game. second, do not retire. stay engaged, keep your mind working. betty: you have definitely stayed engaged. thank you.man, we will have much more ahead. this is bloomberg. ♪

haidi: a quick check of the latest business flash headlines. ashiba has further delayed decision on the sale of its chip business. pressureas been under to close a deal as it seeks to pay for multibillion-dollar losses. they are expected to raise over $19 billion. son is selling most of his stake in the conglomerate as his younger brother consolidates control following a family feud. the former vice chairman plans

to sell holdings in four key units. they simplified ownership of the company, roughly $100 billion in assets. the u.k. plans to expand its exposingnto fox, rupert murdoch and his family to further scrutiny. they will examine their commitment to broadcasting standards and whether or not the deal would give the murdoch's too much influence. escalating against their chinese rival with trademark infringement in the u.s. they have been valued around $20 billion. the chinese company used part of their name and logo. enterre preparing to markets in london, singapore, new york, los angeles.

stocksup, we will talk and continue our conversation with -- this is bloomberg. ♪

♪ haidi: it is 9:30 a.m. wednesday here in sydney. we are 30 minutes away from the first major market open in asia. i am haidi lun in sydney. taking a look at how it is setting up. some upside when it comes to the open in sydney. and that weaker yen said to be one of the dominant themes of the day. let's get the first word news. >> apple shares dipped as it important newost iphone in years. tim cook showed off the iphone x, the first major redesign since 2014.

screen,n edge to edge facial recognition, and improved camera. u.s.hone starts at $999 dollars with preorders through october 27. opec and its allies are discussing extending oil production cuts for more than three months. we're told the extension went into the second half of next the worst-case scenario. they have struggled to break above $50 a barrel, due to resurgent u.s. shale production. india's august inflation accelerated to the fastest since march, exceeding expectations ahead of the central bank's policy review. theas 3.36%, ahead of analyst estimates. inflation is now closer to the upper limit. global news 24 hours a day, powered by more than 2700

journalists and analysts in more than 120 countries. betty: leon cooperman is back with us. he is known as a value investor for his stock picks. he is back here with the conversation. earlier at the conference you picked out five cheap stocks. wpx, andontinental, others. why those five? leon: as i mentioned this morning at the conference, i look at the s&p 500 to see what i have to pay for dollars and earnings growth. these companies are growing at a superior rate. airlines could probably compound earnings over the next few years at a 15% clip. 35% or 40% fork

a stock repurchase. they generate substantial free cash flow. i think it is seven multiples of earnings in the market is trading at 18% -- 18 times earnings. you never see a stock down without a reason are up without a reason. in the 1970's american motors stock was going up a lot. would carry their cars in the catalog. sears is not around in that way anymore. there is always a reason. we have to separate out the fluff. that is the job of the analyst. shire sells less than the market, growing at a rate twice the market. big free cash flow generator. it is a very, very nice proprietary product line.

it is down because 20% of their earnings are exposed to competition. they are not going to lose it all. betty: every year you send out or give out these five stocks. easier year you later -- or harder? leon: it is harder. we buy things machines are not focused on. it is a harder game. 10 years ago, there were 8000 double play traded companies, and now it is 4000, and down by 50%. but there are four times as many people looking for half the ideas. it is a tough game, but i have the energy and will do it. betty: you came out vocally against one of your hedge fund associates. context.ut this in

bill ackman wants three board seats on adp. you go ahead in your response. leon: i want to make a disclosure, i do not own any shares in adp. i gave them to charity, we built a wing at a medical center last week. i should have given them cash and cap the stock because the stock tripled since i sold it. i am not debating the merits. what i am saying is, his approach is totally uncalled for and an appropriate. -- inappropriate. i was on the board for 15 or so years. this company is a fabulous success story. it went public in 1961. the market cap was maybe $10 million or $50 million. today, that is $60 billion.

that is like a 70% compound rate of return for extremely long period. they have 40% return equity, more than twice the market. outperforms the competition. privately,ou meet explain your views, give them an opportunity to dialogue? even if you disagree with the way he handled it, you said there is some merit. leon: bill is a bright, capable guy. i do not know of any company in the world that could not do the stellar job they are doing. adp is an open company. they welcome engagement with their shareholders. betty: why does this matter to you? was called by one of your compatriots who asked me comment, so i called it as i see it. i am not looking to engage with bill.

one time i was an investor in his fund. he is very bright and capable. i am arguing with his deportment. 60% of the dividend payout ratio, they brought back stock at 1/3 its current price. there was a 28 multiple on earnings, which suggested markets saw quality of performance. he is looking at paychecks and sees higher profit margins. but it is a different business, paychecks are down. adp is a global company. my broker says to me, whenever share, give $.10 a me your business. otherwise, give it to someone else. betty: could you buy back into adp? leon: anything i sold i could buy back. it, i should have given cash away rather than the stock. betty: would you go back into

the stock? leon: i think it is adequately priced. bill's recommendations may have validity to it. it is a competitive business, 27, 28 times earnings. i do not want to be misconstrued. miami not saying he is wrong, i am saying his behavior is wrong. if you call the company and sat down with him, he would give me a full hearing. betty: have you talked with him since all of this? leon: yes, i told him. i said i have been working this company over six months, i have some ideas. i want to present it to the board, but ran out of time. the window for the nominating board closes. i said i would like to it -- he said i would like to extend the window. i said you should be patient and spend time with the company, give them your ideas. if they do not like your

response -- the company deserves better treatment. why should the ceo and manager be distracted to hire high-priced advisors -- good advisors, morgan stanley, paul weiss -- it would be very expensive and diversionary and unnecessary. betty: before we go, i have to ask you about jamie dimon. leon: he is the cats meow. betty: [laughter] what do you mean by that? leon: could not get a better executive. betty: but you sold out of his shares in the fourth quarter. leon: we went somewhere else. betty: did you regret that? leon: i regret selling anything that goes up after i sell it. but i cannot look back. i cannot tell you where i put the money. we are not the federal reserve board, we cannot print money.

new, want to buy something we have to sell something, unless you want to go on margin. i do not see the outlook so terrific i want to go on margin. betty: that is hilarious -- the cat's meow. leon: the man is a very, very astute man and speaks the lingwood of the business. i have a very -- speaks the language of the business. i have a very high regard for him. betty: leon cooperman, we have much more ahead on "daybreak asia." this is bloomberg. ♪

haidi: we are counting down to asia's first major market open. japan, quite a look of strength at the tokyo open. nikkei 225 futures up 100 points. there is some weakness when it

comes to the yen, the worst performer against the greenback. looking at loans we have not seen since the start of september. this is "daybreak asia." i am haidi lun, coming to you from sydney. betty: i am betty liu here in new york. let's take a closer look at what happened with this risk on for a second straight session. a lot of focus on apple and its shares. su keenan has more on the continuing rise in the market. su: a lot of the riskier assets were in demand. it was a strong close, off the low of the day. we go into the big movers. they were up by a significant amount. let's look at gap, big move, big story. 30%old navy unit is about of the company value. some were saying, you should call it old navy. investors rushed in.

resources, an independent gas and oil company, doubled. bank of america, one of many casting declines. goldman sees a challenging environment, but they were up, riding with the tag. let's go to g #btv 7482. apple is heavily weighted on all the indexes. if you look at the equal weighted indexes, the white line, you see the market sitting since april. the april index has lagged. that is something strategists say is worth noting. betty: energy was back in the spotlight. we saw opec and its allies considering output cuts. what was the trade -- how did that affect the commodity market and assessing damage from the hurricane? su: bullish. one analyst said the reason they are willing to do it is bullish, but the fact they have to do it is bearish.

take a look, oil lower in extended trading. it was higher during the regular session. gasoline, you see a trade-off. but it has been up significantly, a 12 day high, --ce post-torquing post-hurricane damage. nowhere near what we were getting with the risk off a few weeks ago. florida, an interesting story. because most of florida's gasoline comes in through the ports, there is a huge shortage. you can see the huge lines. power outages adds to the concerns. millions of floridians are getting gas to head north to escape the hurricane. as they come back, there is not enough gas. there will be a lag for a couple days. in terms of orange juice, let's take a look. every day, those commodities move higher.

the damage was not as great as anticipated. but the full extent still being explored. it is significant to the citrus industry, 75 million boxes before the storm. in some cases, the trees are out of the ground. that is a real problem. willriginal prediction likely not be the case. haidi: better get your orange juice. you have been talking about the fangs stocks, like netflix and google. we heard from an investor saying he sees the stoxx as inexpensive. but says the overall market is not. what is the take away? su: when julian speaks, a lot of people less than -- listen. in the 1980's he turned his fund into tiger management, one of the biggest out there. he says he isook,

enticed by netflix and apple. he says netflix is tempting because it is run by really good people, and i love it, too. saying is netflix like hating santa claus. look at that chart, it has spectacular return. contrary to many critics, these saying stocks are not overvalued. stocks are not overvalued. -- he thinkse camp janet yellen will remain opposed for a while. he did not give details. per post expires in february. in february.xpires haidi: the ceo of mexico's

states run oil giant says babel reach 2017 oil production target, despite the hurricane in the gulf and an earthquake shutting down the crude refinery. we spoke exclusively to the mexico bureau chief in new york. earthquake, we had just had a problem before and just put it online. with the earthquake -- i was just there yesterday. we expect two or three weeks. the earthquake had some impacts. nothing on the process side or structural side. our power generators need to be put back on. that will take two or three weeks. >> going to the issue of crude output, we have one of the largest fields under maintenance, that was already planned.

looking at the other weather factors, what is your goal for the end of the year? at what level do you think pemex will be producing crude? >> we expect to meet our yearly target. average for the year. you point out, this has been a difficult few weeks. hurricanesuse of the have made traffic within the gulf difficult. we have had to make adjustments. we think we can make it up and meet our target for the year. know youe-wise, we have met your financial needs for next year, planning to cover for the volatility expected because of elections. does that mean we should have a

stake in pemex for the rest of the year? or you may go ahead if you see another window of opportunity? >> we are very happy. we met financing needs for 2017 and 2018, all the way until january of 2019. in all likelihood, we will go back to the markets. we still want to continue to improve the duration and longevity of our debt and debt profile. in all likelihood we will. maybe this your or sometime next year. they are speaking exclusively there to bloomberg's mexico bureau chief. we have a quick check of business flash headlines at this hour. the u.s. will allow companies developing autonomous the agosta -- vehicles to self police.

say the voluntary guidelines are appropriate to support technology that could reduce the more than 30,000 traffic deaths in the u.s. each year. haidi: that decision comes the same day investigators said tesla's autopilot system contributed to a fatal crash in 2016. autonomoust probe of technology say it should not be used on roads for which it is not designed. struck a truck on a florida highway. betty: malaysia airlines closing in on a multibillion dollar order for boeing dreamliners, jets and engines. the malaysian prime minister said the malaysian carrier plans to carry eight dreamliners and possibly double its order for the max jets over the next five years. we will tell you about

special coverage coming up on bloomberg tv. unprecedented and exclusive asset to the alibaba group, including interviews with the founder, jack ma, and it ceo -- it's ceo. we will have a special half-hour entitledn friday, "alibaba, the global disruptor." this is bloomberg. ♪

♪ betty: this is "daybreak asia." i am betty liu in new york. haidi: i am haidi lun in sydney.

we are counting down to the market open in tokyo, seoul and sydney. looks like we are getting a nice lead from wall street, day two of the wrist on a rally. stocks set toia extend the global gains while bonds are continuing to fall. investors are betting economic growth can withstand geopolitical worries. not everyone is embracing this rally. coopermansors' leon said a correction could be on the way soon. one big story is apple after the reveal overnight. we will show you suppliers we haven't focus, given that story. apple shares falling overnight along with biggest suppliers in the new york session. we do have japan display on our radar. they attempt to make themselves part of the oled supply chain for apple.

the chairman of japan display a tie upit is mulling with players, the likes of sharp, on the reader. sam song does stand as both supplier and rival to apple. we have the upcoming note 8 delivery. it is argued leave the most important smart phone launch for samsung in its history. it faces competition not just from apple's new iphone, but also other competitors. recall, samsung managed to regain its number one position is the biggest shipper of smartphones in the world. it will come down to whether or not customers will like the x. investors look like they are liking what apple has to offer. we will be watching those apple suppliers out here in asia. some of those display makers and

such. in the next hour we will continue to talk about that apple effect. you look at the history of each new iphone launch. asis not always a good bet, to whether you will see gains out of this excitement from the new product. betty: it is interesting to hear leon cooperman admit he was wrong on apple, that he sold to early. he thought the phone would what is commodity, inside will matter more than the outside. boy, is that wrong. we really do care about that phone and that hardware. i thought it was interesting he mentioned amazon, that he would buy it in the low 900's. we are not that far away with this for amazon shares. maybe trump needs to tweet more to take the stock down. [laughter] haidi: certainly something to

watch out for. a really interesting conversation. wet hour of "daybreak asia," take a look at the steady greenback holding onto those gains. it will be all about the yen today. this is bloomberg. ♪

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♪ >> we've come together today to love on the people that have been devastated by the hurricane. , it love goes into action preferences no color of skin, no ,thnicity, no religious beliefs no sexual preferences, and no political persuasions. it just to loves. as we begin to love and value our planet, and anyone who believes there is no such thing