face of a slumping lira and inflation faster than in 15 years. david: argentina faces judgment day. officials will ask the imf for credit and terms. haslinda: and under siege, indonesia subset -- steps of report of the rupiah after a string of measures failed to stem the slide. david: this is how markets look across the region. equities in the middle, the lack of color essentially underscores the lack of risk appetite. the public comment period ends on thursday on potential tariffs, $200 billion, and jobs numbers on friday, which might just tell us the u.s. economy is doing well, which is why perhaps we get a slight tilt stronger on the u.s. dollar, all things equal. bond markets are feeling a little unloved at the moment. have a look at equity futures.

long weekend in the u.s. happeningse really across a lot of these spaces. a thought of this comes back to, yeah, everything could change by the end of this week, or not. haslinda: well, speaking of unloved, emerging markets, in terms of assets, currency, stocks, they are down. em currencies, longest losing streak since 2015. em stocks slumping again. turkey, latest inflation suggesting there's price risk ahead. that will continue to affect emerging markets, but strategists, like our guest we will speak to slightly later, so you have to differentiate between emerging markets with strong fundamentals and those without. quickly on the indonesian rupiah, breaching 15,000 now, a level not seen since the asian financial crisis. of course, the hong kong dollar, hkma, expected to continue to

buy currency trading at the low end of the trading range. for now, let's get first word news with paul allen in sydney. outgoingico's president says potential nafta replacements must include canada. and wreak opinion you to -- nieto says it is important to keep canada in the agreement. he says mexico has not accepted any quote as or restrictions -- quotas or restrictions in talks with the u.s. president trump indicated he might exclude canada from the potential deal. china is using a meeting of african leaders in beijing to t plans criticism its vas on the continent are settling emerging economies with that. it offers a high-profile chance for xi jinping to defend the belt and road initiative. he told the audience he has no

interest in forming an exclusive club of competing vanity projects. new orleans announcing a state of emergency in the face of a powerful storm, tropical storm gordon barreling toward louisiana. it may become a hurricane when it makes landfall. hurricane katrina hit in august 2005, causing catastrophic damage from central florida to eastern texas. flooding in new orleans caused most of the loss of life. downrn japan is that ning in the face -- batting down the hatches in the face of a typhoon that may arrive sometime on tuesday, the 21st time of the season. typhoon jebi is expected to weaken, but will still bring gusts up to 160 kilometers per hour. global news 24 hours a day and at tictoc on twitter powered by 2700 journalists and analysts in more than 120 countries. david: thank you.

back to our top story, watching emerging markets as investors digest, bracing if you will for trade war concerns. the deepening selloff or pressure across some emerging market currencies. turkey and argentina have started to really move to shore up confidence. turkey on monday signaled rate hikes after inflation hit 17%, the fastest pace since 2003. argentina, we heard from them this morning announcing emergency measures, including this new export tax. >> i would buckle up. i would prepare for a volatile september. but if the bad news coming out of turkey and argentina is not followed up by bad news from the fundamentally stronger and bigger markets that stock investors actually own, it is right for a rebound. >> we have seen quite a fair bit of volatility in emerging markets. i think that's going to stay. we might get more in em

currencies. the rationale is simple, trump might or is expected to announce billions of tariffs on chinese imports, and i think that's going to add additional volatility. >> within that universe, you have some weak points. turkey, argentina, possibly brazil, possibly south africa, and that creates tension. investors now looking at the risk more than the opportunities? remember, the opportunity for growth is higher in emerging markets, in a world where growth is slowing down. david: those were some of the views, mostly bearish views from our guests this morning on emerging markets. i was reading our bloomberg mlive macro strategist. we heard the bad news, you are leaning toward the more positive side of things this morning. why? >> absolutely. when you get these panicmongers coming out of the woodwork, it is the first flag you should be

looking for opportunities. my whatsapp has been bombarded by messages from these normally macro hedge funds that trade in things that u.s. rates, developed market currencies. don't look at emerging markets unless there are big opportunities, and they are saying, is there a crisis? my answer, when you get these macro tourists coming out of the woodwork that normally means you are coming to the end of the crisis. it might not be finished yet, but i think this is the last month of pain. september is exciting for long-term investors. a specialist in emerging markets, who understands the concept of differentiating between countries, because there are very different stories, very important to realize that unlike a decade ago, emerging markets do work in different economic cycles and there's genuine differentiation opportunities. you broughtight now, the point that you have to differentiate the markets. ande are opportunities, what would you be buying now if you go with that perspective? paul: i think the best stories are in asia.

andt of all, argentina turkey are obvious problem areas, brazil is under pressure. but even stories like south africa might be done. a couple stories you need to look at looking for vulnerable points. the external balance. generally, a glut of these countries on the sovereign side, their external balances are much better than even a few years ago, and much better than 10 years ago, or 20 years ago. current account deficits have generally improved. take south africa, one of the borderline ones, is it vulnerable, oversold? the current account deficit is reasonably large, but external debt is not too large on the sovereign side, so that means sometimes you could see emerging corporates vulnerable, but the sovereign is probably safe enough. that means that when the currency weakens enough, that provides an economic benefit and there's opportunity for the assets longer term. haslinda: that is outside asia. within asia, what is looking attractive? india, growth of 8%, that must

be pretty encouraging. mark: and indian equities are at record highs. the equity market continues to do well there. i think the currency still has a little more weakness. part of the problem, there was a lot of offside positioning, and you will probably get a clean out of that. now the bulls have the weeak hands at the moment, but longer-term that provides a good opportunity. a very attractive real yield, over 8% growth. assets are attractively valued. the currency is one of the most fundamentally cheap currencies in the world on a valuation basis, over 70% undervalued against the dollar according to imf measures. haslinda: not to say no risk. elections coming up, a potential for risk. we will leave it there for the moment. bloomberg strategist mark cudmore, in singapore with me now. let's keep to india, a sense of where the markets will open. soph is taking a look at that. sophie: with macro tourists coming out of the woodwork, the

picture of where emerging markets go from here, a look at nifty futures. not much happening yet. this after indian stocks fell for a fourth straight day through monday, with consumer stocks leading declines on the sensex yesterday. is very much in focus after falling to a fresh record low on monday. one banks says the rupee feels the heat from the em turmoil, and jpmorgan says that this might push the r.b.i. to new monetary policy. rupee isan said, the the joker in the pack. haslinda: that is right. the rupee, in focus for a lot of investors here. still ahead, indonesia aims to shore up support of the rupiah, but some say the central

bank might be running out of tools. we will discuss that. david: next, a conversation about the renminbi as markets brace for potential new tariffs on chinese imports. we ask how that could affect the currency moving ahead. this is bloomberg. ♪

haslinda: this is bloomberg markets: asia. i am haslinda amin. david: i am david ingles. the onshore renminbi is gaining, 6.82, a sliver if you will, hitting the strongest level in a week, which i guess tells you how uneventful this week has been. [laughter] in any case, this comes as the pboc says the daily reference rate is stronger than expected in 19 a in a row -- 19th day in a row. the currency is still in risk. as soon as thursday, donald trump may put tariffs on

another $200 billion of chinese goods, an escalation in the trade war between the two largest economies. our nextuct of that, guest thinks dollar-china will rise to 6.95 before christmas and 7.30 by the end of 2019. as a result of ongoing trade tensions and gradual decline in the current account in china. joining us from sydney, stephen how merck -- halmerick of commonwealth bank of australia. next --0 by the end of 7.30 by the end of next year. stopat point does the pboc defending the line of the sand at seven and the net benefit goes? stephen: as you said in the introduction, you have the tuan at -- yuan at 6.95 by the end of

the year and further depreciation through 2019. the seven figure could be crossed. a couple things going on here. one is the increase in tariffs that could come as this week on $200 billion of chinese imports to the u.s., a pretty significant step up in the "trade war," as you mentioned, current account surplus moving into deficit. that is a long-term structural change. and some moderation in economic growth in china, meaning a weaker currency is part of the toolkit to get extra growth into the chinese economy. we think all those things will continue to manifest over the next year or so and push the yuan through the 7 level early next year and weaker through most of the year. david: and a lot of that i imagine would be contingent on how the fed eventually takes to this, if we do approach those levels. at what point do you think the

concept of a strong dollar shows up in fed statements? fedhen: well, we have the tightening two four times this year, two more times in 2019. september fomc meeting coming up, overwhelming expectation is another rate hike there, so if we get two more rate hikes this year, two in the first half of 2019, that has the contract at 3%. we think that's where it ends. one of the things that will be thehe fed's mind will be strength of the dollar and the overall tightening of financial conditions. but we think the first half of 2019, the stronger u.s. dollar is something that will really become more of a feature of the fed policy statements, seeing them end tightening in the middle of next year. yuannda: stephen, the really dragged down emerging-market currencies.

if it were to go to 7.30, how would it play out in em's? stephen: i think it is a continuation of this strong dollar, the impact on the em currencies. if we see a weaker currency in china, we should expect a weaker currency in the other asian nations as well. the other thing that's really important here is the trade dispute and whether that interrupts the manufacturing pipeline, the production line through the asian region. that's clearly a risk for markets in our part of the world. haslinda: taking a look at chinese stocks, is value finally merging? when you look at the p/e, it is trading 10 times p/e for next year. is anything looking attractive to you? stephen: well, that's not my area of expertise. we don't actually look at the chinese stocks, so that is not something i can comment on. risk thenwhere is the

? do expectell, we further moderation of chinese economic growth. it is holding up quite well this year, but i think second half this year, into 2019, we expect a continuation of the moderation of growth. clearly the chinese authorities have this long-term plan to change the source of growth more toward domestic consumption rather than exports, but they really need to keep the growth rate up to keep job creation going. so i think there is risk there, and in terms of the u.s.-china relationship, risk throughout the asian region in terms of the production and manufacturing pipeline. is holding upt well, but looks like sources of risk are becoming more of a highlight, more of a concern for markets. david: in your neck of the woods, about 90 minutes from now the rba comes out with its decision. not that we expect anything

there anyway, the futures market pricing it out to the end of next year. is there anything i need to pay attention to in the language from the rba? not just later, but in the next few months? stephen: well, the board meeting today, the 25th month in a row with no change of interest rates. on our forecast, the next move will be an increase in november 2019. a bit over three years with no policy action. by the reserve bank says they do that deliberately, as a source of what they are saying, stability and confidence for the economy. the key thing is what is happening in wages growth, and therefore in inflation numbers. we get gdp numbers tomorrow, likely to show annual growth of 2.8%. that's pretty good growth, but not much inflation or wage pressure. the rba might comment on declines in the aussie dollar we have seen recently, and whether that might give extra growth or extra inflation. but overall, a steady hand on

the tiller, not much new likely to come from the rba today. haslinda: all right. ick, head ofar global market research at commonwealth bank in sydney. you can interact with the charts and catchg gtv , up on key analysis, save charts for future reference -- you can do that. this is bloomberg. ♪

david: you just saw, the big interview coming up at the end of this week. you're watching "bloomberg

markets." i am david ingles. haslinda: i am haslinda amin. a quick check of the latest has lines. tesla is reported to have missed its target of 6000 model 3s a week last month, but is seen hitting the overall goal in the third quarter. the company has been aiming to 3s, 50,000 to 55,000 model and sources say they have made about 53,000 so far. that would be the same total tesla produced in the entire second quarter. david: so many numbers there. all right. -- 2018's mostok popular stock, if you ask foreign investors, who bought almost $2.5 billion worth of ping an shares, but it is being ditched in hong kong by mainland chinese investors, who sold more ping an shares than any company

apart from, you guessed it, tencent. billionaire.com's founder returned to china after his arrest in the u.s.. for sexualined misconduct involving a fellow student at the university of minnesota where he is a doctoral student. local police say they have not impose any travel restrictions on liu. let's stay with the tech space. meituan dianping has begun taking orders for its $4 billion ipo in hong kong. the funds are expected to back their expenses into ride hailing and financing. our reporter has seen meituan's filing. any surprises?

surprising -- are not very surprising. we have known since last weekend. interesting thing, it just updated its financials up to april this year when it incorporated mobike into the business. revenue doubled, but lost triple compared to the same period last year. that is very interesting, because previously we were, we did not see this data. fact, some investment banks predicted meituan would break even or be profitable by 2020, and we do not know if this will delay the profitability of the company. david: that is one ipo. haslinda: there is another ipo happening as well, into 10 plus. what do we know about it? crystal: entertainment plus is

the holding company of, it means cat eye in chinese, a movie ticketing app where moviegoers time,ok tickets ahead of the most popular platform of such type in china. the fact tencent -- backed by tencent and meituan. we heard it would be raising about $1 billion in hong kong, sometime in the next six months. david: looking at first half net loss, 230 million renminbi on revenue of 2 billion. stanley,merica morgan speaking of the broader outlook for ipo's. what is the pipeline like, what our conditions like? is at the right time to come to the market? crystal: it is debatable. there are talks about market sentiment being bad, talks about how given the tencent selloff, this might not be the best time for tech companies to tap the public market, but we have not

seen a slowdown. meituan is on the road. maoyan just filed. others are in the pipeline. they do not seem to think it is an issue. apart from that, some crypto-related ipo's, and several, a dozen biotech ipo's happening in the next six to eight months. david: we will see what happens. crystal tse, our asia ipo reporter. now, it is anyone's guess where trade sentiment goes, but to he pi frank sinatra, ties people who do not drink, because they wake up feeling the best possible already. speaking to that sentiment, a look at the market. hong kong as well. not very pretty. it has not been very pretty anyway this week. rangebound, if you will, to a

large extent. two big risk events towards the end of the week, the potential escalation of tariffs and jobs data. tokyo reopened comes up next. this is bloomberg. ♪ xfinity mobile is a new wireless network

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these are the first word headlines. argentina, to balance the budget next year. the government rolled out a new fiscal plan. there are worries about the country to finance itself. money-saving proposals include eliminating half the current ministries as argentina prepares for talks with the imf about tapping a $15 billion credit line. turkey, inflation accelerated to the fastest pace in 15 years. next year -- next week's policy

meeting is in the face of risks. central-bank is expected to intervene in currency markets. they spent $4 billion u.s., and analysts expect more of the same this month as the fed prepares to raise rates. is drawn funds out of the city and keeping the currency at the weak end. president trump has attacked a tenor in general jeff sessions -- attorney general jeff sessions. prosecutors have charged a california representative duncan hunter with corruption, and new york representative chris collins for insider trading. the president tweeted, "good job, jeff." former quarterback colin kaepernick has struck a deal with nike even though he is not playing in the nfl.

the new agreement is multiyear and makes kaepernick one of the faces of the "just do it" campaign. global news, 24 hours a day on air and at tic-toc on twitter, powered by 2700 journalists and analysts in more than 120 countries. bloomberg. haslinda: you are watching "bloomberg markets: asia." i am haslinda amin. asid: just a quick mention we are coming back, the rupee, not a big surprise. it essentially takes you back to the lowest level in forever really. let's get a sense of where we are market wise. southeast asia is the big story. >> contagion fears are continuing unabated.

it has been said it is not so terrible when looking at the pockets of growth, especially when looking at the economy. equities today are under pressure. the regional benchmark could be set for a fourth day of losses in china and japan. they have swung to declines. southeast asia, indonesian and malaysia assets are taking a hit . ,he glaring flashing red losses for a fourth day, and chart,u look at this testing a nine-month support level against the dollar, that is the line in blue on this chart. we are seeing 10 year bond yields climb toward 4.1%.

of the decision wednesday, it is expected to hold the policy rate at 3.25%. the bank of indonesia is set to ramp up its defense of the currency and bonds by using more hedging tools. stem the failed to downward spiral as you can see on the blue line of this chart. risk isgion top-of-the-line. set to breach the 15,000 level, not seen since the asian financial crisis. for more on the currency slide, let's bring in our economy reporter. could this be a sign of a new crisis for indonesia? whether the central bank produced the word crisis, i am

sure they would be cautious to do that. they have added it is not a crisis. the central bank is constantly talking about the fundamentals, and really they have been on the front of trying to defend, but as we are saying, it is getting closer to that 15,000 level. it has already touched although that has not been seen in 20 years, not since the asian financial crisis. there is more were to be done here, that is for sure. earlier, were speaking and it was pointed out that when you look at foreign reserves as a percentage of short-term debt, no problem there. as it percentage of total debt is when it becomes a worry. it does not invoke confidence in the currency.

is this actually going to work or will it be the same thing that they did raising rates? will it work? timesave raise rates four already, and analysts expect another rate hike this month. one of the rate hikes done previously with 15 basis points of hike, there were inflows on the back of that, but we are seeing the currency depreciate. indonesiang invulnerable -- vulnerable to sentiment. in indonesia,ions argentina, and turkey. indonesia uses debt to finance its imports. the government and the central bank are putting more measures to rein in the account. the government is going through

line by line a list of goods that they are looking to put an additional import tax on in a bid to halt imports, and in turn sandbag the currency. david: there is a sense where a lot of these things are being taken out of the toolbox to stem the demand for u.s. dollars because it snowballs. i want to bring a chart up here, we have the exchange rate, the median forecast which is at 14,500 for the end of the year. byeign rates imply 15,000 december. is there a feeling on the ground that it is going to get worse? are people scrambling for u.s. dollars? the analysts i have spoken to this morning say 15,000, it is

likely the rupiah will go through 15,000. it is a psychological barrier, and there is more pain to come. whether itet, affects the man on the street is another question. the government and the central bank would rather not swap rates , and end up discouraging people from holding u.s. dollars, and discourage them from chasing u.s. dollars. southeast asia economy reporter joining us from her jakarta. we stay with asian markets. james sullivan, head of equity research, jp morgan. when you look at outstanding debt up to $60 trillion, that seems to be scary when you look at the numbers. james: it is and i came out in

asia back in 1997 with the similar crisis. the critical differences between now and 1997, you have flexible currency regimes in the region, and you are seeing some work their way through economic markets. and a large percentage of is and not is locally held in u.s. dollars, so you do not have an immediate crisis catalyst opportunity today that you saw in 1990's evan-1998. haslinda: we are looking at indonesia being a different situation. james: we have to overlay the market position that exists. we are neutral on india's equity market at j.p. morgan because it is the most over held market in all of asia from a positioning perspective. china is one of the least held. the indian market is a standard deviation expensive to historical trends. we are looking at earnings growth through the cycle that is

enough to keep the market where it is. that is why we are neutral. james, david here. 8%, and i ameached looking at the one year, 7.3%. the dividend yield is not at 1.5%. when do we see the switch of relative value trade that does not make sense to leave your money in equities at extended levels. agree it does not make sense to leave your money in certain markets, and the switch from india to china is a hot topic of conversation in our bank as well as others. we have to see some degree of comfort, that is enough in the price in china to get people comfortable in that market, or reduction of rhetoric on the trade front. from our perspective, china is under held. you are seeing significant value emerged from large segments of that index, and we are positive

on china within any context. david: are you positive on chinese tech? part of it is sentiment driven, part of it is markets trying to bacon -- bake in --would you touch chinese tech at these levels? james: we walked into the second quarter earnings cycle extremely negative on q2 prospects for larger names in the space. had's significant revelatory announcements on every subsegment, and the primary data relativelyremain negative, short to medium-term perspective. the additional element is that the chinese market declines which usually trigger a transition from growth to value, growth started to break down in may, that is not a conducive market for the likes of tencent and a larger tech names in that market area we do see value

emerging in the mega platforms like tencent, but also leading vertical players in the online audio state -- online auto space. haslinda: the yuan will go to at 730, markets will feel a lot of pain area that could be the end of currencies. james: i understand the statement, and from our perspective we have a rate hike in the cards until the end of 2019 for the u.s. we have been taking up our gdp forecasts in the u.s. and keeping them flat or down across the em's increases of china -- inclusive of china. you have an investor positioning environment where in january the markets were short the u.s. dollar, that position is 180 degrees reversed. we are long on the u.s. dollar and market.

and from a bond perspective, those rate hikes are fully in the price, whereas in january that was not the case. to say the u.s. will hike aggressively therefore the you want might have a problem sounds good in theory, but markets are forecasting mechanisms, and that has been forecast. haslinda: you're a substance for the dollar and how that will impact the yuan and the rest of the m? james: -- the rest of em? james: you already have seen a lot of that currency adjustment play out. in addition, we see an environment where policy stimulus mechanisms in the first half take impetus in the second half. you get manufacturing pmi and you see early signs of that playing out, and we think that will stabilize overall economic growth and ease concerns the market has in the chinese market. haslinda: james sullivan, head of equity research, jp morgan

with us. our exclusive interview. this is bloomberg. ♪

haslinda: this is "bloomberg markets: asia." i am haslinda almond. ,min. diversions when it comes to indian assets. day decline, the rupee trading at a new low. from the gdpupport report from the currency as well as bonds that has evaporated in the face of a stronger dollar. jp morgan saying the weakness wilfork and tighten monetary policy as early as next month,

given that the rupee is the joker in the pack. there might be some room for signal that the too fark has fallen too fast. down,da: markets are thailand's one of leading political figures who is confident his country will return to democracy early next year. the nation has been ruled by the military since a coup in 2014. the leader of the democrat party electionhe believes an is on the horizon. i'm not sure it will be in february, but we are confident it should be held in the first

half of next year to be a. we offer a different alternative. we think the country needs to move away from the current conservative and bureaucratic and centralized regime. it cannot address changes happening in the world. we do not think the country should go back to regimes that are corrupt. -- centered around populist policies. we want to see a paradigm shift, and take politics away from confrontational politics and addressing issues that matter to people. and that we have an elected government that has a clear path for sustainability. haslinda: even if your party were to win, you would have to work with the current prime minister, because the constitution has been amended, and a new framework is being worked on to put the military in

charge. how would you go about doing that? >> we will ask people for support and they give us enough support, we will be the core of the government, and we will make the policies to be up and i did. the democrat party is not interested in joining any party that will take the country in the wrong direction. there are undemocratic elements that will put up obstacles for the what we want to do with the country. we will seek abroad consensus because we do not want the constitution to be another conflict point. given what has transpired over the last four years, having the military and power, do you think it was a mistake what you did? >> my stance was that i did not except a corrupt

government. the country does not have to choose between a corrupt regime in a dictatorial one. the democrat party will do its best. haslinda: what policies are needed for thailand to go forward? >> we need a quick revival of the economy, not the broad gdp figure. the income on ordinary people in rural areas that have been hit hard over the last four years. in many their incomes have declined. we need a proactive policy that will help farmers, and we need to move forward to make sure there is better security for people. haslinda: some say your new parties policies are outdated? >> i think the policies i mentioned now are more progressive than what many countries are practicing, so, it -- i recognizeon

in the past that the appeal of our policies could not match the ourulist policies of rivals, but they have failed again and again. it has opened the door for corruption. our policies in the past may not be as exciting, but most of them can be sustained. thai primehe former minister and democratic party leader. if you want to catch up on that interviewer or any interview, access tv for the interest active function. this is bloomberg. ♪

david: let's get you a quick

check on the business flash headlines. abu dhabi is engineering aback merger to stay competitive in the low oil prices. three of its banks are in talks to combine foreign institution with assets, according to abu dhabi commercial bank which is one of them. there are 50 banks operating in serving about 9 million. haslinda: danske bank is finalizing an investigation into claims that the estonian operations included billions of dollars of illicit funds. $30 billion flowed through in a single year, it does not mean laundered money. the bank admits the situation is complex, but says no conclusions can be drawn at the moment. david: if you are a well

performing relationship manager in the private banking industry, you have probably got the call, you know what i am talking about. to manage the wealth of asia's growing millionaires halves pushed -- has pushed salaries to their highest in more than bank a decade. the private bankers and recruiters say jumping to rivals can get 30% and more. our team leader is with us here to talk about what is driving this. a region of the world where 2000 new millionaires were created every day last year. the wealth management industry does not have enough to dedicate to these people. haslinda: what are the skills in demand? i'm guessing relationship context, knowing people with money. being able to speak mandarin is part of it. there are 1.2 millionaires in

china. that is the huge honeypot for the banks. mandarin, and that sort of thing. can i take it that most of the wealth -- most of these pay hikes are taking place across rm's from the chinese mainland? it is actually the rm in hong kong and singapore serving the mainland, and they are moving between banks with local presences, and getting lowered. takeeporting shows they pay raises to the bank. this is a personal opinion, if your unique selling point as a bank, when you do

surveys and positioning, a lot of this comes down to shortages in the labor market? absolutely, it is supply and demand. there are's so many millionaires thegeneration of wealth, banks are trying to take care of that for the next six generations. thank you so much, great story there. read all about it. approaching noon here in hong kong. hourstralia, we are two ahead. in 30 minutes we will get a position,the rba rate and they are not expected to move when you look at what is into late ofout next year. the more compelling story is what happened in argentina when the treasury minister meets with the imf chief christine lagarde. they think it might be a

flexible package there. europe asming up in far as data, the unemployment rate, inflation out of switzerland. this hearing for the president's supreme court nominee brett kavanaugh, he will be facing the capital at 9:30 a.m. eastern. vote.a big swing he is replacing anthony kennedy, and in case the mueller investigation, that might come in handy. haslinda: looking ahead, big guess some bloomberg today. you do not want to miss these interviews. the austrian finance minister. on top of that, later in the week, you do not want to miss our exclusive interview with the alibaba ceo.

lots of humongous names ahead, you do not want to miss that. that is it from "bloomberg markets: asia." east,"" bloomberg middle is coming up next, we was use you tomorrow to read it -- we will see you tomorrow. ♪

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time get 150 dollars off and free shipping too. sale prices are available right now. go to buyleesa.com today. you need manus: this is "bloomberg daybreak: middle east." whatever it takes turkey's --tral bank buying to use that next week's meeting. meanwhile, argentina is facing an economic crisis of its own. the president waits to see whether investors will give his emergency plan the thumbs up or down. hits a near two-month high. ahead of more u.s. sanctions. another makeup bank merger and of a debit. the emirates engineering a second