at home and abroad. >> markets are also wary of a from the fed. and showing a readiness to continue raising rates. >> australia set for more political turmoil.

damaging tensions can be eased. this is just past 6:00 p.m. here in new york. over next hour we'll take a look at how the action on wall street will play into your asia pacific theing day and we're seeing ftermath of what happened convictions and looking how how we've ended the day it's interesting to see change, was little gains and tween losses and notable we're at the market in pull run

history but pulled away from record high hit yesterday of 2873. s & p be the leader here because supply data as well as ause of posts bec coming out. >> and what the dollar is doing and treasury is doing, right? that is still passing some of theys domestic political turmoil as we heard from president trump denying he used campaign funds for these hushed women we'll have potential to give more information. we have had from his lawyer saying there is plenty of here and what else he

doesn't know. he lost leadership this week and he wants to call a making to challenge, again. so that may well happen at sh point today or this morning. performer with 73, 61 just to gain a little bit of strength makes you wonder whether markets have tapped in. back to us us market ay rally of.d

ith this hike pen on track and we'll have a look at and a lot action going on in that overnight session. he end, stocks still los t is giving highs tha pulls reasons to run. snap look at the market shot. ains in aches about g tech. nce per ing rates o quarter and you can see strength what said retail is dead? jc penny alk about

showed a strong consumer environment is pack. and a lot of stocks are turn around stories and that is being s urbaned by the investor outfitters part of the retailing little bit.g off a some thought it is not as e analyst. th >> interesting there is a retail h confidence wit with regards to that being on the markets and speaking of that. high just about 11 points had january and yesterday as get there. couldn't

>> so would say the charts tell endwhere you have highs and t ties.ve more into the next start you're s.king a look at other sector this trend is now toward records. >> we saw that rally continuing when it comes to oil. it wasn't just the effect of the . wer greenback

>> no. it doesn't hurt. a big u have had was drop. there is a view getting an ease u.s. tit for tat positive ow that is a for oil. >> thank you for that. jenna? >> there is renewed hope a trade war can be avoided as the u.s. and china revive talks. t two sides are overshadowed by exports that come into effect next few hours.

and they have paved the way for higher level discussions. higher level discussions. and ssia is attacking and the nce moscow trump administration added had tuesday, plaque listing companies and two individuals. > sanctions are counter productive. and it starts cooperation. >> minutes show policy makers are ready to raise rates again tays on as the economy s track.

and the ped has come under attack with the white house with eblthing moremp rej hi hikes peter duton says he'll make another bid and says he's thatng backing and insists he is pest placed to lead the liberals. >> four hours a day on air and n twitter, powered by 700 journalists in more than 120 countries. this is bloomberg. >> thank you very much. saying it on, d.c.

lany davis was on mroomberg television. >> strong evidence is conclusive ng that e that it's stro michael ump knew that co hen was going to be advancing p relationship was these women and that had a it.tle purpose to >> mroomberg congress editor joins us from washington, d.c. resident how is the p responding to this so far? diversioned ad a response to conviction of anafort and the plea deal by called er attorney and killed man and his

d.terview was somewhat subdue he issued a denial any money came out of campaign funds when side stepped allegations against co hen. also is this coulding to turn into a he said, he said kind of thing? > there is evidence that that can seem e

there's is a tape that michael hough the date of clear.hat was made is un hat wrud have to expect prosecutors to, if they're going paper andrges town on there may be additional evidence. >> joe, to earnings coming analyzing profit for pillin there seeks.02 and we're waiting for implications ays out into mid

term. there. >> joe? > we're going to go to the affairs.s of tout the trauma continuing. fresh tariffs loom on thursday. make progress? >> up hechlt running with the pulls where now? we'll ask river front investment

kevin nicholson in the bloomberg. bloomberg.

here in sydney. you're watching day break australia. he dollar slumped on the nooing political turmoil and change. kevin i want to jump first to kick this off. taking a look at volumes here, interesting to see that we're down here. days of k this is dog

summer.

yes. yes.

do a check now. buying a ocusing on sabik.gic stake in amco is tell bloomberg ar asking them to suspend work for being.me >> heart phone maker results of sting last m ce li showing a net income just over $2 billion for june. to a loss of $1.7 billion a year earlier. showme said it made great strides this year. samsung supplier aac technologies slumped the kong in 18 months in hong perfect closing the day in the

green. nd now, it's fall came on news of profit far lower than anticipated and component make sures struggle in a plateauing market for high end devices. came in at $95 million, lagging lowest 14.5%.te, revenue fell meeting expectations had it comes to that profit number, 1.6ss billion aussie dollars 1.6ss estimate of billion and that is slightly and r than 10 expected we're going to get more details

from paul allen taking a look at these results. >> you covered it thoroughly there. that is a if result. estimates is ith what the market was expecting 10 cents that dividend there. so low cost carriers have performing well as well investing has been his cost effective planes and we'll have the ceo on later. > the question is what happens after the turn around? that is true and talking to

later it's going to be ws onesting to hear his views on that as well. two guys don't have a great deal in common. it will be interesting to know how potential new leadership of view.alia has a coming in pretty much bang on right there. coming up we'll speak with quantas airline's ceo and later, 32's ceo graham kerr joins us at 1:30 sydney time.

coming up, trade tensions phase with fresh tariffs about to take effect and considered. there are still complaints against china. this is bloomberg. this is bloomberg. xfinity mobile is a new wireless network

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>> here sydney markets open in just about 90 minutes time. and this is how it's shaping up time.into that is a little bit of positivity. and certainly we're seeing and large action buy going into that open. it's 6:30 p.m. an you're

stralia. ay break au now, let's go to jenna. denied using trump campaign funds as hutch money telling fox news he only learned of the news later on. this contra ducts comments by michael denied usingcohen sayin directed him to make the payments. cohen's attorney says he thinks prosecutors have evidence about the money. president trump delivered a series of mistakes as he tried as the ray chevrolet victim of chinese and european he lamented es and on the chevys there are yaro ts of berlin the cam is yours for $58,000. pple and google are facing a and ng revolt over taxes

netflix have complained and system. to bypass the trading on venezuelan black the traders say asons, ed for several re new par is the incredible. global news powered by more than rift ournalists and anna in more than 120 countries.

heidi? of down a little bit side and we'll have another session in factory sessions now when it comes to bloomberg and having said that, aussie dollar and he exception bloomberg's global market editor us and it almost felt like it's written in a different time before everything turkey. in this impact?

>> if you're of the pn where you and to coop adding more what feds told us overnight. comments are going to be what is coming out next that might sway that. remind ourselves how oorly they've done this year with the yen giving back to ll there isocks as we

more but nothing usually to dial. the that is a to china surge and saying they want to warning. what's happening here? ina having t about ch trying to reign in debt spending and switching and in regional ects

casting and some are fore we can see near an all time there are issues there to where that money comes from and i think what the market is is that central ave to do targeted asing to soak up extra supply so that is where this is a lot more local issuance. >> all right. china reviving

long stalled trade talks but when the clock strikes midnight fresh the east coast, tariffs will take effect. fred, good to see you here. we've got pluses and minuses happening this week. on $16 billion give us your 30,000 foot assessment from where this is right now. ll, let's start with talks. level. not very high we should not expect a lot out $200 billion nd

there are over 370 companies all estifying in front of u.s. hoping for an exemption on $200 million that can go into effect september 6th. these concerns it seems like it's falling on deaf ears. d e question is what is the en ame that could be achieved by no response from the white house? is intellectual property and tech tranceer are harder so the outcome if we want to have less of a deficit that

s not as hard to achieve in terms to do that and finding one long term solution is going to be more tifl and more difficult ourselves. and 4.2 cents as expected red let continue the conver assessment out there. both sides need to have a lot more have we reach that had point sth do you see these tiscussions and a detrump summi later on as being enough of a circuit breaker to step dproun a potential loss of face for both

trump? >> americans are looking for the reater good and at some point president will have to deliver. n january it's going to beer farmers.

>> and he tries to reassert dominance going in a the mid term. battleshard to find many locating this. so some ways he heeds to activity.n >> wall street observers saying trump could use currency to try here.ken this that?are your thoughts on

>> it's not something we've o feltthere are critics wh here was a four month currency evaluation. strong dollar is good and enefits of the strong dollar and exports on anyone. alk about nafta. two, is if canada can be drawn back in? 're at lookingthey betser now we'll have agreement . nafta

>> trying to coral friends, i uppose before competitors out there. much.ank you very you, em. coming up for at increasing turbulence in australian politics. this is bloomberg. this is b loomberg.

thanks to another challenge he's garnered ad several have offered to quit. oining us now is politics

wales.r at new south what is at the hart of this? this keep happening? to do nothing on issues he undermined his credibility with the general public on the issues made changes.e he further diminished his credibility with a range of he's. cements

>> how does it play out? the moment it's -- trying to ically er ve off a party for anoth leadership call. swig there we keep pounding away. supposed to for the former prime minister. >> with duton saying he has a signature group and backing of to majority what can he try

on?ove >> and within the next weeks he could be ility undermined. e needs to get better than the banned majority and needs to do much better that be that number in order to sustain his own rime ministership. >> to what degree? hat kind of appetite does the

rest have for this? >> that is the problem. boferning wing of the is in a choppy fashion but how that play was the risk of australians don't on peter duton and hisues he's stepped in with t idea of cutting back on an power, tax on

and edz for the families so it's unclear what he wants to make the coalition popular with a larger population. chart, nt to brick up a on the positive side 27 years, cumstance ing good cir rather than good policy making. agree with that? that is the china story. agree with that? st this suggest this is ungovernorernable? it suggests ink that. look. of helpless10 years

and hopeless leaders and we without e years revision. fundamentals were set up by and so we're sion of the changes. and i think we have a range of . her leaders, hot many

>> could this change back to labor here? poll labor leads lib ten national party by points. >> had he was elected prime 13, it can be unmitt investigated and second a that population of sick of hopeless and hapless government a they're looking for provide overnment to that is the crucial ingredient. it there.ave to leave

thank you. this is also available on mobile. you can customize so you only get news on industries and asset that's you care about this, is bloomberg. bloomberg.

>> welcome back a check of business headlines now. from a lack of a clear turn around plan.

and. ted a jump any repor net income saying it is target 1.58 million units. months through june. that is just about it for day break. how he's been raising issues about same-sex marriage and they're going to at the time back to fundamentals, earnings

rming e is the pest perfo airline stock there is this year and they've delivered with year profit in the full of last year. poofting that higher than expected to 10 aussie cents a share. it will be paver rabl for the stock today. >> also, looking ahead we're going to take a look at what's ms of trade and tariffs and impact on one u.s. based company that is called plug power and we're going to ceo.to the and. >> up next is the major market opening in day break asia. a re setting up for a bit of mixed session.

we have plenty more to come. this is bloomberg. retail.

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this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. yvonne: it is 7:00 a.m. in hong kong. welcome to "daybreak: asia." asia faces a mixed start as wall street has a four-day advance. the dollar fell on political turmoil at home and abroad. show a readiness to continue raising rates. headquarters,bal i am in new york where it is just past 7:00 p.m. on a wednesday. the u.s. and china revised trade talks that has called since june lled since june. australia fas