haidi: welcome to "daybreak: asia." i'm haidi stroud-watts in melbourne. shery: shery ahn in new york. sophie: and i'm sophie kamaruddin in hong kong. recounting down to asia's major market opens. ♪ shery: here are the top stories recovering in the next hour. tumultuous day, all major averages rose more than 1% and the dollar strengthened. the s&p 500 twice erased strong

gains before rebounding in the final hours, down 8% this month. still flirting with a correction. baidu shows further evidence of a slowdown in china, sales and revenue forecast falling short of expectations. that's the you started with a quick check of our markets close in the u.s.. we saw that high volatility during earnings season, the dow gaining 1.8%, reversing two sessions of losses. the biggest jump into weeks, but we saw mixed bag of earnings, ge's sinking to a nine-year low as well as under armour surging on the earnings report. the s&p 500 up 1.6%, but a lot of volatility in the session, twice erasing earlier gains. also on track for the worse month since february 2009. the nasdaq still in correction territory, 12% below the august i, but rising 1.6%.

take a look at the 10 year yield which gained ground, during a more positive risk on sentiment session, the russell 2000, small caps regained ground. bloomberg intelligence saying they have rebounded from the support level of the earlier lows of this year. that could mean we could see a rebound for large caps as well. the dollar also setting a new record high for 2018. a more positive outlook when he came to the markets in the session. let's see how this will translate into asia. sophie: a positive tone could be struck across asia as well. we could see a bounce in nikkei futures of 3% at the start of cash trade, head of the boj decision. rising. risk when it comes to what else were watching out for, keep an eye on the start of earnings for aussie

banks down under. futures slightly head of that z very much on the radar, profits falling 60% to $4.1 billion due to misconduct charges and a slowing housing market. samsung,an eye on expected to report record profit. the earningsoff lineup for japanese banks. and cba selling its global as management to mitsubishi ufj 44 $.13 billion. let's check on the calendar today, factory output data from korea and japan but the expected to moderate for the month of september. third quarter inflation from australia due out and it may due risen to 1.9%, partly

to the softer aussie dollar. from china, october pmi out later this morning, expected to fall to 50.6. and september trade data from tyler. and we have gdp numbers out from taiwan this wednesday. that's get the first word news with jessica summers. jessica: president trump has been trying to talk up the economy and divert attention from social divisions, just a week away from the midterms. he tweeted that consumer confidence is at its highest level since 2000 as congress said data shows consumers are not worried about volatility in the market. the s&p 500 lost on 10% of its value since closing at a record on september 20. bost jamie dimon says the u.s. and china are moving closer to an all-out trade war and that tariffs have already damaged the chinese economy. situation the current

as a skirmish coming said the actual tariffs are small but the wider effect is diminishing confidence as businesses are not sure about supply lines and whether relations will worsen dramatically. >> the effect on tariffs themselves is very small. the secondary effect is far bigger and the secondary effect worsefidence, will it get , what are the odds of a trade war, what are the odds of retaliation. the is more negative than carrots. -- more negative than the tariffs. a blow for the populist government, expansionist plan and ministers acknowledge it could be a problem. italian bonds fell after the preliminary numbers.

boeing officials are in indonesia to help the investigation into monday's lion aircraft. search team still haven't found the planes data recorders. that makes plain why the 737 came down soon after takeoff. it was the first crash involving the new jet in -- and the line airplane had only been delivered in august. pilots faced the problem almost immediately. >> at least six people were killed as the typhoon swept across the northern philippines. thousands more fled to safety as the storm hit parts of the country already devastated last month by typing. landslide buried a government building and rescuers say more than 20 people are thought to be trapped inside. the storm has weakened considerably from super typhoon status. global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries.

i'm jessica summers. this is bloomberg. basement shares swan from losses to gains in late trading after third-quarter earnings -- facebook shares swan from losses to gains in late trading. what mark zuckerberg said on the call moments ago. >> i want you to know that looking out beyond 2019, i know that we need to make sure costs and revenue are better matched overtime, and that's something i'm focused on as well. bloomberg'ss is facebook reporter sarah frier. what stood out to you? >> just going back to that quote, zuckerberg knows that in the next period, they will have to figure out how to grow in areas beyond facebook itself. althoughtands that revenue is going to slow down in the short-term, there are bigger

opportunities ahead. what he said on the earnings call with that the way people are sharing on facebook is going to shift. ephemeral more in the kind of sharing like on instagram stories and it will be in video, where people are interacting with videos on facebook watch and instagram tv. he did mention competitors, he said instagram tv and facebook watch are nowhere close to you too. he says their messaging services are competing directly with i message. i thought that was interesting, i never heard him directly mention competitors before, but he showing that basically, this next era of facebook investment is going to take people away from those news feed ads which have been such a growth driver in previous years. shery: what did he say about those intangible elements, like restoring trust, given privacy breaches?

dexia said they have so much more work to do, that they really have to invest in this more. not just the privacy issue, but the fake news and misinformation around elections, some of the ways morality on facebook has been taken advantage of by bad actors. he said he's looking toward the end of next year as the measuring stick where he hopes to have a lot more of an understanding about how these things happen and how facebook can stem them from getting worse. we have to keep in mind the u.s. midterms are next week, so facebook is not yet at the point it wants to be for the future, as of now, but it will work to get there. shery: thank you for the latest on facebook. is ryan wheeze or. revenue roughly in line with profit forecast. it seems to be bringing some relief to investors. what are your thoughts?

say that.i would i think the initial reactions are up and down. there's a lot to read through the results for the current , and for the call it look like the aftermarket was equally up and down. if the markets up, i don't know if that is the right?. there are a lot of comments from management that we are certainly trying to temper expectations going forward. it is notable that they decided to kick off the call by talking favorably about whatsapp's encryption capabilities without referencing the contribution it had to the news in brazil during the election there last week. shery: this chart showing the percent of monthly active users who check in daily on the site. growth has been flat for a while but they's book saying they saw

a slight uptick in north american users. how positive is that? brian: it's not particularly meaningful. until they come up with at products that appeal to advertisers they are not serving in a meaningful way, like e-commerce advertisers who tend to skew their budgets to google or amazon. it's not going to make a big difference at this point. the advertisers they starve -- few users, adding a here and there is pretty meaningless. shery: he talked about those messaging services. spending.ore brian: that's not where the bulk of spending is. underestimated the scale of spending they have in terms of solving the problems. they are nowhere close to having systemic,n the real

societal problems. i don't think the have an up burmese speakers yet to make sure there platform is safe in myanmar. the documentary went into some depth on stabilizing activities in egypt and ukraine. i don't think they have a handle on this problem at all. shery: how big of a risk is next week's midterms? is facebook prepared for misinformation and take account? brian: you can buy in at right now saying you are mike pence -- saying you aread mike pence supporting isis, or vice versa. it's absolutely not ready yet. shery: thanks for joining us with your take on facebook's earnings. on daybreakto calm

australia. this is bloomberg.

shery: i'm shery ahn in new york. haidi: and i'm haidi stroud-watts here in melbourne. you're watching daybreak australia. the conference is taking place here in melbourne. copper risesabout which have been making headlines. we're seeing a broad-based rally across the commodities complex. copper has been serving as the barometer or bellwether when comes to the global slowdown in trade tensions and we see continuing to slide. are you pricing in any kind of

recovery at this point? >> if you look at what's happening with physical demand of copper, especially in emerging markets, if you look at growth of copper demand in china, it's north of 5%. we believe the market is quite strong and robust, despite the uncertainties around the trade war. some of that is related to the fact that most of the copper that's going into emerging markets stays there. it's not reexported because it's put into properties, infrastructure, extension of the electrical grid. so we have a favorable outlook on copper and therefore believe that was happening in the short term at the price, which came down from june onwards and then is trading sideways, is mostly the result of the uncertainty around the trading dispute. fundamentally, we think the outlook for copper in the medium-term is very favorable. haidi: there's an argument that it's a market that's not being priced by fundamentals. d.c. that in your forecast? isn: the copper market

strong and we expect that stronger than we expect to see venture. it's probably market that will be balanced and moving into a slight deficit next year. the price doesn't seem to fully reflect that. in the were pricing uncertainty around the economic situation globally. the big question that remains is, copper will not be impacted directly bind escalation in the trade war, but if you lower economic growth globally, that may have an impact. if you look at the consensus price, what the market consensus is closer to three dollars per pound. today's trading around $2.80. as moving to the future, you see

a growing deficit in the copper market, you'd expect to see prices north of that figure. that's what the consensus is. receiving it trading below those figures now. trade guards are -- trade wars are not good for global prosperity. we think it's important that the leader step up to try to accommodate the global environment such that trade continues to be the driving force of development going over. that is what is impacting the copper price today. haidi: what is your read on the chinese demand side of the story? do you expect the government will double down stimulus and rollup more infrastructure and wrap up lending to create support for demand? think support for demand in china has been quite strong this year. the growth in copper demand is probably north of 5%, from a large base of consumption. it has been probably better than

most had expected at this juncture in the year. some of that has been on the back of the central government stimulated theey property sector. there'slast month or so a pickup in the electrical grid, construction which is been lagging throughout this year. much more focused effort on economy by the local the central government in china. so there is support therefore continuing copper demand. throughout this year we will see growth e.on 5%, which is very strong for copper demand. haidi: one of the things this year at the conference, what goldman sachs calls the rising tide of him and activity that is returning to the commodity sector. in that environment, or you guys more a buyer or seller? ivan: we have copper assets in our portfolio and were about to

initiate expansion of a copper mine. we're very much into organic growth and growing from the base that we have to date. one of the teachers of the copper market is that you don't see a lot of assets being traded or opportunities being traded. our focus is much more in developing our own reserves that we have in-house and are expiration efforts we think are very possible. we're open to look at opportunities but we don't think in the copper space there will be a very active market. has a good story long-term and midterm. therefore most of the companies want to develop and state long on copper rather than do otherwise. haidi: because of the upset in youtility in the market, do think it's bleeding through to some caution when it comes to investment in assets down the willine, and do think that create a structural deficit in

the next few years? assetsne of the negative -- aspects of a trade war is that investors tend to be overly cautious compared to what they would be. i think that's one of the negatives. i think it's generally conservative when it comes to copper allocation. companies are being conservative to the outlook and went to deploy capital. i think that is increased by the fact there is this trading more. i think were seeing today's separation from the fiscal market of copper where we see growth in emerging markets continuing and the sentiment which is governed by the trade war which is what investors worry about in the short term. i think that situation hopefully will start clearing out as we move into next year and as things evolved between now and the industry year. thank you so much for

joining us today, it has been a pleasure. copper -- copper is the whipping boy in the whole trade were between u.s. and china. shery: still much uncertainty in global markets. let's get a quick check of the latest business flash headlines. baidu's revenue forecast go short of estimates. china's biggest storage provider sees sales of up to $3.8 billion in the december quarter. baidu dominates desk top search in china. trade tensions rising competition grows. china's biggest energy company has reported a fourfold rise in third-quarter profits thanks to higher oil prices. petrochina's net income rose to $3 billion from 670 got million dollars a year earlier.

, it a contrasting story seems to be losing momentum. more to come on "daybreak: australia." this is bloomberg. ♪

shery: let's dive back into the latest series of price swings in u.s. stocks. after volatile trading, the since 2017it highest and treasuries fell. an interesting story unfolding because we've seen more than 80% of those companies reporting earnings beating estimates. some say the returns have been stellar but they done little to provide relief to the market. look at the russell 2000, a lot

of the small caps coming on strong here, crude is rallying after hours but it was at the $66 mark, falling to a two-month low. if we go into the bloomberg, the real question every day this week pretty much coming out from friday, can we stay above correction territory? we dipped into a couple of times in this particular one, twice erased a 1% gain and then managed to rally at the end. let's go into the big movers again, tech and earnings the story. under armour, the sports apparel company coming in bid on earnings as did take two, the video company. chip stocks coming on strong and look at the next panel of movers, ge falling to a nine year low. we'll get to that in a minute. copper john's may have a couple of new contenders to possibly take over and by the company. for a pool coming on strong in earnings and ubs also making some headlines.

john's, bute papa let's talk about ge. we have new accounting questions weighing on the company. and under a new ceo, as well. >> there was an expansion of the sec probe and now the justice department has joined, it was appalling on of bad news, ge and let's a 2009 low look at some of the headlines, the new probe is now looking issues with the power company, and now also looking at the way they wrote it off, if you look at the stock, it had the biggest slump in 120 years. su keenan with the latest

earnings out of the u.s.. coming up next, president trump downplays the recent stock slide, saying the market is taking a slump since the midterms. this is bloomberg. ♪

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to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. it's 9:30 a.m. here in melbourne where we are live from the international mining and resort conference. a strain markets open in just about 30 minutes time. the boy and lead in this still lead, still ant positive lead that asian equities will be glad to have. shery: 6:30 p.m. in new york. you're watching "daybreak:

australia." that's get the first word news with jessica summers. jessica: janet yellen has warned president trump to steer clear of commenting on policy, saying she would be concerned if he undermines confidence in the institution. she said she expects at least two more rate hikes in the coming months. she added that that is trying to take its foot off the accelerator. the president has repeatedly said he is not happy with fed policy. saudi arabia's top prosecutor has visited the istanbul consulate where reporter jamal khashoggi was murdered. he wants the kingdom to reveal where his body was hidden. calling a president trump and other world leaders to prevent a saudi cover up, saying geopolitics must not compromise values. high winds have killed at least 11 people in italy. the storm fueled and historic

tide in venice that left three quarters of the city underwater. damaged the famous floor at st. mark's basilica as well as stone columns. it closed the highway connecting italy and austria. nassau's italy's planet hunting spacecraft has died just a few much i've its tent birthday. -- 10th birthday. it's been declared dead, having gone much past its extended lifetime. planetsvered 2681 outside are solar system and many that could potentially harbor some kind of life. global news, 24 hours a day, on-air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. of volatility

across markets, but u.s. equity markets did managed in higher. we will see how this affects asian stocks which finally halted a five-day losing streak. sophie: it would seem that investors just needed a little nudge to see some risk on action. helping boost sentiment on tuesday, so wednesday we can see asian stocks with a halloween worthy october. weakened, just -- the yen has weakened but remains the only g10 currency up against the greenback month to date. in australia, thanks very much in the spotlight. fell into bear market territory as you can see from the chart right here. heating the last he back in may 2017.

stocks in that sector looking very attractive, saying they're looking more attractive in this downturn for australian stocks. anz set a gloomy tone for the sector as the slowing housing market dented gains. return on equity of 67 basis points to 11%. over the course of the downturn for aussie stocks, the big four banks have been hammered but anz has fallen the least. in abn commonwealth bank also under pressure. reactions.eye on cba more on what we should be watching as trading

its underway in asia with adam haigh. we've seen the aussie dollar gain ground president trump's comments that we could see china and the u.s. getting a great deal. yet the aussie dollar continues to attract bearish these, including from money managers. the australian dollar is still in a very tricky place. ultimately that's the big from a big money manager. it is jiving with the view we've seen in the market for a long time. people have been heavily short the australian dollar and shorts on the aussie dollar remain around three-year highs. a great chart for you here that leverages the data we get on a weekly basis and shows how short the market is still on the australian dollar.

it's really about poor consumer confidence, it's about the weakness in housing market we are seeing and increasing disparity between the local central bank here in australia that is very much in a neutral camp of having to keep rates very low and support an economy where inflation is not particularly problematic against the fed that continues to hike. the rba very much unmoved over the next 12 months or so. clearly the argument against the australian dollar -- dollar and the pressure that continues to be put on the australian dollar and a large part still governed by to optimistic scenario but also globally, it continues to be a problem weighing on the australian dollar. is is part of simply catching up to market moves, or are we seeing real worries about

earnings growth? adam: i think a lot of the conversation the last few days has been like a post hoc trying to rationalize and explain why we had such a downdraft in u.s. equities. part of that conversation is around earnings. we saw earnings numbers being downgraded going into q3 and some of the numbers have come up a little bit since then. what investors set the downgraded earnings is a key part of the puzzle that in 2019, earnings growth will not be as great as some people expect. he has had to trim his numbers. someone else on wall street is had to trim their numbers, tony dwyer, he's not really bringing them back, he is pushing out his forecast. he's been the biggest bull on wall street for some time now. he was expecting 3200 on the s&p 500 this year.

he says to move the target into next year is where you want to be. clearly the discussion and exclusion around how much of a problem the earnings growth is slowing of momentum is for the u.s. equity market still is the main turning point now. we get apple at the end of the week and were through a lot of the big releases already. a hugelyt been problematic earnings season but some of the outlook reports going into 2019 certainly have a just -- we just a down some of those bullish expectations somewhat. adam haigh, thank you. you can find his charts on the gtb library. the u.s. midterms are just a week away with control of the house very much in the air. president trump has been tweeting about the economy and the equities slot. he says the stock market is up massively since the election but it all -- is now taking a little

pause as people want to see what is happening with the midterms. if you want your stock to go down, i strongly suggest voting democrat. let's go to washington with reg sullivan. the financial markets really not cooperating with president trump the last few weeks. we also have isolated incidents at the mass shooting pittsburgh. president trump is there tonight supporting the community there. now we are seeing the president turning up the heat on the immigration debate. how is this all working out as strategies go for november 6? greg: we are deftly seeing him return to some of his central themes that he may part of not only his 2016 campaign but the first two years of his presidency. taxes,nomy, immigration, all things president trump has harped on as part of his element -- ever to sell himself as the

president and republicans in general. that tweet this morning saying democrats are bad for the stock market. he has frequently linked his own performance as president to the high stock market. he has frequently brought up stock market hikes and records in both tweet and rallies. or at used it to justify merit for his own economic policies, specifically his tax cuts and regulations. he's definitely trying to do that. he's trying to distract from some recent the kleins, noticeably on monday, a decline after reports came out that the trump administration was ready to move forward with tariffs on china. he has use that tactic before, blaming the fed for some stock market declines. important to note that the stock

market is up overall. the s&p up by more than 20% since he was elected in 2016. shery: distraction seems to be the key word. president trump announced he would be sending thousands of troops to the u.s. border with mexico for a caravan that is weeks away. now we're hearing that he will sign an executive order to end birthright citizenship. i'm not sure if he can even do that, i thought that was part of the constitution. greg: that's right, he said he would sign an executive order ending so-called birthright citizenship, and you're also right, that is in trying to the constitution. of course court case has found that children born to non-us citizens here in the u.s. have the right to citizenship. of question from critics birthright citizenship is whether that same right applies if parents are here in an unauthorized way, so-called undocumented immigrants here.

most observers tend to think that birthright citizenship does apply, that is in the standard practice. do wouldtrump would certainly face a court challenge. even anything congress would do would likely face a court challenge as well. of course several lawmakers in the past have introduced bills to curb certain birthright citizenship, especially for the undocumented, but they have never gone anywhere and definitely face a court challenge. hearing about the kavanaugh bump, where the gop was not happy about how democrats treated the kavanaugh nomination, that that bump could be fading. what is happening to the senate right now? lookedresident trump has

to a few certain issues to try to motivate his voters. the kavanaugh confirmation, immigration, taxes, and whether that works or not remains to be seen. what we do know right now is that the polls show republicans are poised to probably keep the senate. they could even add a seat in that chamber, but on the house side, democrats look very likely to flip the chamber. a lot of election analysts need a floor for them a credit pickups, they need a net gain of 23 seats, and it could get even more than that, judging by the polls. the candidates have been better funded than republicans and has outpaced them in several competitive districts. it looks as though there will be a divided control of congress and potential legislative gridlock in the next congress. shery: greg sullivan, thank you so much. coming up, it's boj decision day. the governor's thoughts on

rising economic risk. we are live in tokyo, next. this is bloomberg. ♪

shery: i'm shery ahn in york. you are watching "daybreak: australia." bank of japan is expected to leave monetary policy frozen on wednesday, so the focus will be on its assessment of growing economic risk. kathleen hays is in tokyo this week with our next guest. what should we be watching? first of all, the bank of japan, which is right behind arewe're looking at what the rising risk that could be reflected in the monetary policy report the boj issues for a year, and of course the governor's press conference after the meeting concludes. that will be later today.

are they going to tweak the tweet from july when it comes to the wider range for the 10 year cornerstone in yield curve control. our first guest is perfect to keep things off. he's a portfolio manager in fixed income in japan. welcome back, it's great to have you. on the question of global stock fell, thete, a stocks topics now down 12%, the most etf's purchased since the program was started in 2010. willusly the boj -- what the boj say about this? masahiko: it's within the boundary of around 6 trillion yen.

when the stock is down, they will have leeway to buy more. when stocks are strong, they will go back to self tapering with not buying as much. purchases too. kathleen: i know that is on your mind in a big way. --re was a big week in july tweak in july. to moveicials want it to ed lee 0.25 to help the government bond market function better. masahiko: i don't think it will be today. i don't think the board has reached that conclusion yet. there's something that might happen next year. bond marketom a

perspective, has it made a difference in the last three months? it has been quiet and the volatility has been low up to the july meeting where they tweak the tenure target by as much as 20 basis points. it's a positive act from the boj. shery: it seems there no longer targeting quantity but rates. what should investors be watching at this point? masahiko: it's evident that they are walking away from that and they should be watching the events. it will be ajapan very eventful. abdication emperor and in july, the house selection

for prime minister abe. it's going to be very eventful year next year. that, january remains the wildcard in terms of boj policy meeting. it might be extending in april. shery: he mentioned prime minister abe. yesterday he said he trusted governor kuroda. could we see some sort of ministerabem prime about focusing not that much on the 2% inflation target as well? going back to the

point, i don't think boj will walk away confidently with a negative interest rate policy. they will continue with the self tapering but nothing drastic will be coming out from boj. if you look at politics, it's so important that it would take a lot of capital from boj to jump on something like that. kathleen: i harken back to my ,nterview with governor kuroda you say this is not self tapering. yield curve control is what matters. keeping the anchor at zero for the 10 year will make it function better but were not removing stimulus in that way. you don't agree with that? think the are continuing with the self tapering. away, butot walking

they're putting in tweaks bit by bit. looking at the pasture action , mainly the rhetoric that mr. corona had since last boj, and there are several published papers that you can take a look at. up paper that boj published, basically saying the estimate of future rates is higher than people saw in japan. technology .3%, and inat september, a very important paper came out quantifying the effect of stock purchases of boj. kathleen: what does it mean for the boj, no matter what happens to the stock market, it looks

like the december rate hike is a done deal. think there's a big question about how much more rate hiking will be done by the fed in 2019. what is it mean for governor kuroda if the fed keeps tightening rates? does it open the door wider for the boj to make a step toward widening the band, simply because we expect the u.s. to rise? masahiko: i think mr. kuroda we -- he willn happy come out with something like given the global backdrop, boj is comfortable with where the yield is trading at because he's giving the market the pricing mechanism to decide where the prices should be. kathleen: how big of a risk is now?en for the boj right

move toward anything that looks like tighter policies, will people focus on the 10 year jgb zero anchor, or right, i'may you're going to buy in? masahiko: i think people will notice the boj trying to give this message, that there technically not walking away from any easing at all. the final goal they want is the yield curve beyond the 10 year. in the tenure, you have to let it go bit by bit. shery: so you think the rising it is a big risk right now?

masahiko: unless there's a major -- we think the fed will go with four hikes next year. to make athat's going big difference. we will talk to you again soon. thank you so much for joining us. i'll be back the next hour with another guest to take a look at this from the foreign exchange angle. we wait for the boj policy decision later this morning in tokyo and get ready for the big press conference from governor kuroda this afternoon. shery: kathleen hays in tokyo there all this week. revise itsming to product, and is rejuvenating the macbook air. >> on tuesday at an event in brooklyn, new york, apple took the stage to announced three new products. the highlight and the new ipad

pro. they have larger edge to edge screens like the iphone then. -- iphone x. cameras asgraded well as the new apple pencil, in addition to a new keyboard attachment that covers both the front and back of that device. however, they are a bit more expensive, starting out at about $800, about $150 more than the model introduced last year with slightly smaller display. the macbook air, which was last revamped tech in 2010 under the watch of steve jobs was revamped again with a retina display. faster processor, and is now quite a bit thinner and lighter. it's a very popular machine that i think will sell very well this holiday season. another mac that needed a lot of love and attention is the mac mini. that device, a desktop geared

toward professional users. it was month -- updated with a much faster processor and comes in a new space gray color that should be beloved by professionals. let's get a quick check of the latest business flash headlines. chipmaker,argest revenue rose just 1% in the three months through september, well below estimates of 9%. profits climbed 19%. -- saying it will track on the company's full-year revenue. linder's own more than three quarters of a billion dollars have one and auction for the asian arm of toys "r" us after no other offers were table. they responded to a morning that is opportunity to match the $760

million offer was expiring. will tradeeditors the debt they hope for leased 85% of the struggling company's most viable assets. lady more coming up, the open is next. this is bloomberg. ♪

yvonne: a very good morning. i'm in melbourne, where executives are around the world. good evening from bloomberg headquarters. >> i am sophie kamaruddin in hong kong. welcome to "bloomberg daybreak: asia." >> our top stories, asia-pacific markets show signs of optimism. a tough october draws to an end with the yen trading around 113. strong