>> welcome to daybreak australia. we are counting down to asia's major market open. >> here are the top stories. wall street approaches an all-time high over optimism about the trade war. will talktrump tariffs with xi jinping at the g20. and will discuss supply

demand in vienna next month. lower interest rates as mario draghi remains proactive. facebook dives into crypto teaming up with other big players. we will chart there cap to a digital currency. what it means for the dollar and for the crypto startup scene. here in the u.s. it was wide optimism that trade tensions could be the escalating. up 1%. 500 most indices gaining at least 1%. we had energy being a big gainer. there are expectations that opec and its allies will meet soon in order to decide on supply.

we also had the ecb strengthening the case for potential action if needed. that sparking optimism among investors. the focus this week will be on what the fomc does. be looking at others deciding on policy this week. u.s. futures not doing much. let's look at how we are shaping up for the markets in asia. >> stocks could be heading for a higher open. nikkei futures have stalled in chicago. we will be watching reactions for the downgrade on apple's outlook. buy moreying it will

components from asia. we have kiwi bonds and focus today. let's check in on first word news. house explored the legality of demoting jerome powell back in february. soon after president trump had mused about firing him. sources say administration officials weighed the jayibility of removing powell as a chairperson. jay powell does remain in the job. mario draghi has hit back at criticism from washington. he denies he is weakening the euro to gain an economic advantage over the dollar. he said the ecb is ready to add more stimulus. his comments weakened the euro.

trump said such suggestions make it unfairly easier for european companies to compete with the u.s.. draghi denies he has any plans to weaponize the exchange rate. >> our mandate is price stability defined as a rate of inflation which is close but below 2%. that weaid a moment ago are ready to use all of the instruments necessary to fulfill this mandate. we don't target the exchange rate. >> hong kong leader says her extradition bill is lightly -- likely to progress. she said she has to shoulder much of the responsibility but insisted she would not resign as chief executive. she has been under mounting pressure since the demonstration on sunday.

with thisnot proceed legislative exercise. anxietiesears and cannot be adequately addressed. >> boris johnson has increased his lead in the race to become the next u.k. prime minister. dominating the latest ballot of party lawmakers. he now has 126 votes. that is three times as many as the runner-up. he ducked a tv debate on sunday. strong accusations he is not prepared to answer questions. he did appear in a bbc debate on tuesday evening. 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. this is bloomberg. and beijing say the president trump and president she jinping -- xi

jinping will meet for what they call extended talks. this is after what they both call a good phone conversation. chinese media is now saying this call was initiated by the white house. >> that is interesting. all we know from the president is that they had a good conversation over the phone which led to an agreement that they would meet at the g20. the china had been k.g. so far about whether this meeting would happen. the president is eager to have a meeting. he wants trade talks back on track ahead of his reelection in 2020. >> we have a meeting set up for the g20. it seems to optimistic to expect a deal. >> markets thought so. they were up today on this news. i would seriously doubt there will be a deal. i think there are real differences between the chinese and the u.s. on a trade.

unless the president is willing to settle for something that false far short of what the administration wants, maybe just a deal that leads to the chinese purchasing a more agricultural products and allowing a few more americans products into china. if he settles for something like that, he could probably get a deal. their to make reforms to economy for decades. he will probably come out unhappy. >> we also have news that the white house has explored demoting jay powell. is that legal? >> great question. there are a lot of conflicting views on that. the backstory is that the fed said the chairman can only be removed for cause. they said that on the record today in response to our story. trump goesthat if through with one of these plans to try to remove jay powell, he

will be in for a little friction from the central bank. >> was there any response from the white house to what the fed said? a no other than trump making aside to left the white house this afternoon to go to orlando to watch his reelection campaign. he was asked are you still thinking about demoting the fed chairman and he said let's see what he does. that might be a reference to future decisions on interest rates. thank you for joining us on the stories. come, facebook waiting into crypto. growing blockchain hub is in asia. optimisticarkets are about trade talks today but what about tomorrow? we will talk to a former this is official, bloomberg. ♪ we are counting down to the

sydney open. fromt some dovish comments a policy meeting that is likely to lower interest rates again. the aussie dollar fell. i'm in new york. >> on paul allen in sydney. you are watching bloomberg daybreak: australia. confirmation that president trump and xi jinping will meet next week start -- sparking fresh hope. what should we expect?

>> thank you for having me. and in the skeptical pessimistic camp. six weeks ago, it appeared the both sides were heading towards a deal. then they were not. both sides presumably had reasons for pulling back. presumably domestic politics on both sides were a factor. subsequently, there was an escalation. there has been talk of technological wars. huawei. geostrategic competition. given that the situation has

sidested, how can both calm the waters? how can they climb down? i think it is relatively hard given the escalation and rhetoric. the chinese are not going to buckle under on the basis of foreign pressure. the president has to worry about being attacked from the left if he agrees to a deal. it could be perceived as weak. the essence of the deal is compromise. table sixs on the weeks ago is not enough for the it was too much for xi jinping, it would seem that the gap has widened. >> for you still of the view that tariffs are more likely to go up and down? i think the g20 may agree to the standstill. the team's back for

further discussions. that will not change the reality as i see them. >> allow me to feeding your skepticism. today is the day the president start his official reelection campaign. is that quincy dental? >> -- coincidental? >> it might be. there is a strong consensus in the united states to adopt a tougher posture with the chinese subsidization, industrial policies, the increased status am and increased of state owned enterprises. that will be a major factor in the election and may heat up. at this time for a deal, i think

the window is in the next few months. as 2020 approaches, the rhetoric is going to heat up on both sides. >> as we head towards more trade tensions, we keep seeing the speculation that china might weaponize -- weaponize holdings. we are seeing their chinese treasury holdings are plummeting to a two-year low. is this even feasible given the repercussions the china could feel if they don't these u.s. bonds? >> i have not been a believer in the weaponization story. some of the decreases are very small. i think it was 10 last month. i have seen seven this month. they could be putting the money into agencies. my experience with the chinese portfolio managers is that they

are responsible, interested in returning yields. they are not interested in creating financial instabilities. be akin tocould shooting themselves in the portfolio. question is, the even if they were to reduce their treasury holdings, what is the alternative? where are they going to put money around the world? there is a reason people put their money with the united states. markets that can absorb large flows. head toward the 2020 elections, the white horse -- white house is exploring the legality of demoting jerome powell. as we head toward

more political uncertainty when it comes to the fed's autonomy, independence, and the stability of monetary policy? >> that is a very good question. questioning ofl the independence of the fed and commentary on the direction of the rates only complicates the trade tensions. it creates lots of uncertainty and the fed has to take stability into account in its decision-making. the president is definitely increasing the dilemmas facing the fed at this moment. jay powell'smakes life more difficult. thank you for joining us. about facebook's foray into cryptocurrency next.

this is bloomberg. ♪

this is bloomberg technology global link. i'm paul allen in sydney. look at the top global tech stories of the day. >> dish network is in talks to pay at least $6 million for assets that t-mobile and sprint are unloading. spectrum andclude boost mobile brand. aimed at gaining regulatory approval for the sprint t-mobile merger. google has pledged a billion dollars to try to fix the affordable housing crisis in california's a area. reversing its own

land for residential use allowing the development of 18,000 homes. the rise of google and other tech companies has contributed to massive housing cost increases in the area. facebook is working with its potential future rivals on a new cryptocurrency. all of them set to collaborate with the social network on this venture. it's called libra. it is known as a stable point meaning it is designed to avoid any massive fluctuations in value so it can be used for everyday transactions. >> the reserve is an important component of the stability of this new digital currency. we welcome open conversations with regulators to figure out how to drive accountability and transparency for the libra association. >> he used to run paypal and is running this effort.

>> thank you. currency and the consortium behind it will have implications for the blockchain universe which will be driven largely from asia. is an investor in hong kong startups. get into the whole blockchain universe, let's talk about libra. as soon as we had news about what facebook was planning to do, we had a senator tweeting that facebook is already too big and too powerful. it is used that power to exploit users data without texting their privacy we cannot allow facebook to run a risky new crypto of a swiss bank account without oversight. what are the expectations of regulations against facebook in this regard? >> the expectations for regulators will have to wait and see. starting at the very beginning,

the entire world is talking about this new project. it is really -- it has led the on firessets world making it extremely exciting to be in the space. it is the starting pistol for this crypto age. i think it will be looked back on as the start of something very big that is going to move all of the other major players. that also means regulators are looking closely. the french finance minister has already come out against it for the g7. there are many things that are going to be positive out of a spokesman project for the billions of banks. it is going to take a few iterations of the regulators to come to terms with what a new digital age and this new rebuilding looks like area >> you also have health banking chairwoman maxine waters coming out saying she wants facebook to stop developing the cryptocurrency immediately and wait for regulators to review it.

what is your sense of whether or not this will get off the ground? if we always waited for the regulators, we would probably still be riding around in horses and buggies. innovation has to move at its own pace and it is up to the regulators to try to match that with a sensible structure without stifling the innovation. i think what facebook is doing is an amazing step forward for the community. there are critics within the community who are skeptical and suspicious of what facebook is doing given its past track record in privacy and inability to secure data. in the long run, this will help facebook and all of its partners and many of the startups and industries that come after it tilting on this platform data more safe touch will keep the regulators at bay. who would libra be competing against? bitcoin? there are so many out there. >> take your pick.

libra will compete against even many of the partners on the libra association. paypal, visa, mastercard. at the same time, you cannot think of it as a zero-sum game. there will be an incredible amount of tilting and a value created by digital assets and digital payments which can move much faster and more seamlessly and more securely along with the payment network. what facebook is doing is not the end-all be-all. this is going to stir into congress it -- competition google, apple and everyone else. then you have all of the others. bitcoin and all of the fully decentralized projects which are going to get a massive used from this validation from facebook. this is the beginning of the crypto age. is battling regulators on multiple fronts.

concerns about privacy and there are skeptics out there who are has sofacebook already much of my data, what should i give them more? why should i give them my financial information? the adopters of cryptocurrency like it because it is decentralized. there is no middle man. does that change when there is a huge publicly traded company backing this cryptocurrency? >> facebook has been very smart and how they have approached this. they have learned a lot of lessons about how they are seen and how they operate. they have built a wall between the facebook data that forms the base of their power and this new way forward. in addition to the libra nonprofit which facebook only gets one vote of its own, they are also keeping the financial data that comes from using the wallet and system separate from their own store of facebook data.

this is interesting because in the crypto community, what we have always wanted is the ability to control her own data. i can sell it to you as long as i'm the one getting paid. the separation of personal data from financial data is part of that. the bloom of industries that will come up in and around this platform is what will give me control of my data and make me feel more secure and monetize it. >> thank you so much for joining us today. also thank you to emily chang in san francisco. technology bloomberg at 7:00 a.m. in sydney. on bloombergt daybreak australia, stocks reach all-time highs. why are investors the most

bearish since the financial crisis question this is bloomberg. ♪ i don't know why i didn't get screened a long time ago.

i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up. ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so call today and start with a free health assessment

to understand your best plan of action. so why didn't we do this earlier? life line screening. the power of prevention. call now to learn more. >> 8:30 a.m. on a crisp and clear morning. market open is 90 minutes away. futures are up 16th of 1% after a positive close in the u.s., jurgen -- driven by good news on the trade front. is 6:30 p.m. in new york. but skip the first word news with jessica summers. washington and beijing say president trump and xi will meet at the g20 next week. a very good had phone conversation and will hold an extended meeting to discuss trade talks.

should stay in contact and try to resolve their differences. trump had threatened additional tariffs on chinese imports if xi declined to meet. opec and its allies are close to agreeing on a date for their next meeting, a dispute has raised uncertainty in the oil market. the minister is expected together in bn on july 1 and july 2 to discuss production plans for the rest of the year. saudi arabia wants to maintain output occurs as global demands we can as the world economy slows. russia is said to be less keen. told the 737en will need to be revised before the grounded plane can return to service. the faa said the draft of the expected upgrade will have to be changed. that is according to some memo to congressional staff. the news comes as a parent company of british airways order to hundred 737 max jets were $24

billion of the customary discount. former head of european football has been arrested in france as part of an investigation into the decision to award the 2022 world cup. he denies any wrongdoing. he was europe's most senior figure on the world's body that made the controversial decision. the closed-door vote was criticized because qatar is still hot. the usual july world cup will be moved to november and december. local news, 24 hours a day, on air and that to talk on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. paul: now for some stocks to keep an eye on. let's get over to sophie kamaruddin in hong kong. sophie: challenger is in focus on investor day. morgan stanley said there is ongoing wrist and a delay in the

policy and the potential overhang from these financial services inquiry. the shares are trading near three-year lows in the wake of last week's morning at lower interest rates and weak sales will hit pockets over the next five years. on the deal front, they have received a revised cash offer at 272 aussie a share. -- gbs the shares. in view after affirming the fiscal 2019 guidance in the tuesday update. thecompany also announced extension of the australian super contract for four more years. .hery: let's take a closer look su keenan have the action. we saw major indices coming close to record highs in oil surging. su: it would like it was risk on and have a lot to do with

president trump's golfing. talking about getting together with xi. strategists say up until now there has been a lot of struck -- a lot of skepticism. if we look at the moving average convergence, it looks like the bull flag is in play. timeme within 1% of all highs in the s&p 500. it looks like short term, the trend is higher. going into the snapshot, take a look at the green on the screen next to the stoxx semi conductor index. ins group was on eircom large part because of the green flag being waived about the trade talks. and industrials were strong. going into some of the injured stocks.individual chip stocks were up as much as 6% and 7% before taking a slight tearing by the close. a lot of that having to do with trumps positive call and optimism.

take a look at the other stocks in the spotlight. notice boeing scored big at the paris air show. we have been talking about that hitting a $24 billion order for those max jets from british airways. tesla revamping to put more focus on china. a $6 billion deal for t-mobile and the sprint cap as they get ready to get approval for the merger. facebook is creating its own crypto currency, or stable coin, wagerlling in some of the cards, visa, mastercard's. the standard guard. it is uniting with the disruptors, so to speak. to that oilget story. futures soaring with the biggest gain in five months. this is after opec gets closer to a meeting on supply. what is the latest? a lot of bickering about when to meet. take a look at the five day big boost in the latest session. was up as much as four point

5%. take a look at the bigger picture. we are still down significantly from the april high. there is optimism. they will meet, they will talk about the cuts, and there is a boost after hours. it depends on the wednesday supply data. we could see a decline. onl: let's get a little more what we should be watching us trading gets underway in asia with bloomberg's global markets editor. we have bearish positioning ramping up according to the latest survey of fund managers. the stock prices are getting towards the all-time highs. 500 just have the s&p 300% of the all-time high. but you have the latest survey. they are watching the fund managers. ofis a good sway institutional money. it gives you a sense of what people are thinking in the market. takeaways were that

stock allocations dropped by the second-biggest level on record, but also that cash allocations have risen to the highest since 2011. what that really speaks to is caution. it will not wanting to own, or add to positions in risk assets. equity prices continue to adjust. it goes back to the tried and tested argument that we have been discussing this year, which up.round valuations going this being a story of people being prepared to pay a little bit more for equities, given how much yields are coming down around the world. this is not a story of optimism over earnings. optimism over the future of customers and to generate profit. this is about the only game in town. risk assets being the only game in town, how much of a -- given how much of a global process there are and investors putting more and more money into cash. there is another gauge out there that is an indicator that shows

gold relative to some risk assets. pileis essentially the top going back to 1990. again, it is another indicator of just how cautious investors are at the moment. interesting really that analysts are more optimistic at asian companies. this is a function of the trade war? , in part, you can attribute it to what is happening in the changing nature of global trade, and if you'd type gtv on your terminal, thecan show the extent of asian earnings demise relative to what's happening in the u.s. the white line shows you the expectations for the broad asian space for the u.s.. indeed, these numbers are continuing to be dialed back. part of that has to do with the fact that china and the u.s. are both internalizing more of their trade domestically.

that is under pressure for korea, japan's of the asian region. those economies are not restructuring themselves to be able to deal with that new horizon at any pace. it continues to be a pretty tricky outlook for asian profitability looking over the next 12 and 24 months. joining us.you for don't forget you can check out gtv library with some of the chart you just saw their and others aside on gtv on the bloomberg terminal. shery: ecb president mario draghi climbs on board to lower rates. next up, jay powell and the federal reserve. we will look at the timetable for central bankers. this is bloomberg. ♪

the march towards lower rates is alive and well as the european central bank says it's ready to take steps to boost the

euro zone economy, and the federal reserve is expected to send a dovish message when it's meeting wraps up on wednesday. kathleen hays is here with mario draghi's comments the other day. his rhetoric was more aggressive than what it was before. what has changed? mario draghi, who just indicated something very strong, that if needed, the european central bank could add more stimulus. it could be more negative. it could start buying bonds, not just adding the targeted ink financing type loans. what he said today, that additional stimulus will be if these downside risks continue to materialize, this is what really got the markets attention. he was alluding to trade tension. external tension, global tension that are hurting the global economy and the euro area. listen to what he said.

mario: we have our mandate. it is our stability designed at a rate of inflation which is cruised below 2% over the medium term. that weaid a moment ago are ready to use all the instruments that are necessary to put in place for this mandate. and we don't target the exchange rate. he is making it clear, i am saying what i mean to say. i want to touch on. no matter which of these measures you look at, core, they are all well below the target. they are also mostly pointing, except for the super core, through downward direction. this is not what the ecb wants to see. this is why mario draghi is giving more alive. not targetd he does exchange rate. donald trump is not confining his attacks to the federal reserve. talking as soon as he got wind of mario draghi's comments

adjusting more stimulus. seeing the euro economic comments was not surprising. he said that is making it unfairly easier for the ecb to compete with the u.s. on trade. he is complaining about that. so, the former chief economist of the european central bank said he was surprised the president of the united states would tweet about something that is just normal ecb communication. said, implicitly saying, donald trump, it is your trade war causing these trade tensions that are weighing down on the euro area economy. listen to what he said. is a little uncertainty on the external side, so you should not put the blame on the ecb when the international environment is also related to uncertainties that have to do with trade. there was quite an impact on bond markets. sentiments. actually hit a record low, -0.293%. talk about negative rates.

and, the french tenure, that benchmark it zero for the first time. shery: really, we have seen the president, several times, attacking fed chair jerome powell. it was really interesting that bloomberg learned that he looked into the legality of the motoring him. it says a lot about what to expect from the economy and its independence. showing: the fed is they are very independent. jay powell has said, i will not step down. the fed keep saying you cannot get rid of a fed chair unless you have cause. day,so talked later in the excuse me, president trump about powell saying, that the what he does on the fed policy announcement when he talks about this demotion, etc. they are supposed to hold their key rate and hope for more data. they have to watch inflation expectations. saw stronger retail

sales. they are more confident in the second quarter and beyond. inflation is falling. how will you get your inflation rate, which is running at one and a half percent -- 1.5% up to 2%, if that is what inflation expectations are doing? according to bloomberg news, they are gathering a lot of remarks about sending away. but if they move they may do a 50 point base cut. we will see what happens in jay powell's presser. we hope to have a lot revealed. shery: our bloomberg economic and policy editor. joining us now is zachary. great to have you with us. let's get started with your expectation of what will happen tomorrow. are you expecting a change in the fund rate, or is there more about forward guidance? >> we think it is about forward guidance. as far as forward guidance goes, we think they will remove the term patient, perhaps even explicitly referenced the move for future rate cuts so the data

continues to indicate that. retail sales have been a little bit that are after we got a tough non-fund perils figure. continue to see the big moves and treasury. markets repricing what the fed will do. how much focus has there been on treasury supply, and what it could do to yield? zachary: we don't think it is getting as much attention as it should. until we get through the central bank meetings, it is likely to remain the case. we have been having treasury supplies playing a big role in the back end, pushing yields higher as heavy supply is met by somewhat more tougher demand. if you look at some demand figures from the data released. we think that with another net one trillion coming on, it will be difficult for the market to take down and get past this near-term look at central banks and what they are doing. terms of market expectations, let's take a look

at the chart on the bloomberg. the markets have made up its mind. it has 50 basis points with cuts priced in for this year. sober.is very what if the data is better than expected. ? if the data isnk better than expected than the fed remains on hold for longer than the market host. when you look at what we are expecting for tomorrow, that will fall short of the markets expectations for dovishness, and the bar has been set pretty high, as you just mentioned, we think that can -- contributes to near-term upward movement. get a newre going to dot plot. what are your expectations there? zachary: we think you should see a downshift in the dot plot. perhaps not too severe, but at least if you policymakers should lower their expectations based in the we have seen market, some global and geopolitical tensions overhanging the market.

those are definitely things they are to -- they are keeping an eye on. shery: also looking closely at the yields. the global yields plunged to new lows. now we are seeing negative yielding debts soaring near 12 trillion and dollars. this gtv chart on the bloomberg -- it really says a lot about growth expectations when it comes to much of the developed world. zachary: expectations are tough. when you look at the u.s. compared to other nations, it is better. our house view is for 2.6% gdp growth in 2019. that is better than what we are expecting for the ecb and other major nations. theur yields are higher on global stage, we think that puts a little bit of a cap on how high yield can go because there will be backstopped demand when computer -- compared to yields globally. will the u.s. dollar

remain supportive and not make the president happy? we don't look for any material deterioration of the dollar at this point. to the extent that that is not what the president is looking for, perhaps we will hear more about that. we believe the tweets to him. the: in terms of what president is looking for, he is looking for a more compliant federal reserve governor as well. we had the story on the bloomberg today suggesting that their world -- there were moves to promote powell. any concern about fed independence at the moment? zachary: we are not concerned with the fed independence. we try to leave political stuff out of our forecast if we can. we think we will remain independent and do what the data will tell them, and what they think is best for the economy. paul: zachary griffiths, wells fargo security strategist. be sure to watch our special

coverage on the federal reserve decision. the fed decides at 2:00 a.m. hong kong on thursday. two :00 p.m. in new york on wednesday. ♪

shery: i am shery ahn in new york. paul: i am paul allen in sydney and you are watching "daybreak australia." let's get a check of the business headlines. they are re-organizing its operations in asia to put more focus on china as a prepares to start making cars in shanghai. they are dismantling its asia-pacific maintenance to make in the mainland, as well as hong kong and taiwan. elon musk is hoping china will boost sales and confidence after they lost a third of value in their shares. they are reducing their

stake in a hike on information leak. they will use the proceeds to buy back $1.4 billion of shares. would put a proposal to dominate the chairman to a keyboard vote. where shares have tumbled after it posted its third annual loss in a decade. paul: talk of a big shakeup at deutsche bank. is planning sweeping changes to top management, including potentially replacing the cfo and the investment banking head. the bank is expected to decide on the future of several executives within weeks. they are working on a turnaround plan after breaking off plans. boeing has been told the analysis of the 737 max software fix will need to be revised for the plane can return to service. the faa says a-rod of the expected upgrade will have to be changed. that's according to a memo seen

by bloomberg. but slipped closer at this with industrial and aerospace editor brendan. boeing said the fix would be ready months ago, so what happened? boeingbig change that needs to do to get a plane back in the air is a change of the software. it has taken mauga than expected. the latest news is that the faa is telling congressional staff that the safety analysis that boeing has done on the max may need to be changed. it's hard to know exactly what that means for the outlook of getting the plane back in the air. we may learn a little more tomorrow, because there is a seriousin congress with witnesses, including labor captainand sullenberger, the famous pilot land the plane on the hudson river. a big delay,ll be small delay, it is something we are waiting to learn more about. boeing has had a big win

at the paris air shows. very big deal with the parent company of british. how significant is this for boeing and the 737 max? huge endorsement. it is a first order for the plane, or at least the first deal for the plane since the grounding, which began in march after the second crash, and a five-month span. not only that, but the ceo of iag, the parent company of british airways is a former 737 captain. he said in paris today that he discussed with boeing, in a lot of detail, that changes the company is making to try to prevent future accidents. he has a lot of credibility. such a big order at this time is a big boost for boeing. it is typically an airbus stronghold. how is airbus doing so far? >> airbus is holding its own. it is net and the quick knowing in terms of deals. a lot of the transactions airbus

has announced has been more to therders, as opposed letter of intent that boeing signed with iag. airbus unveiled a new long rage version of its 83 21, that generated some orders and interest. you are seeing deals for smaller 0.als on the a22 airbus is having a good show. i expect we will hear a lot more from them when it's over. shery: bloomberg news industrial and aerospace editor in dallas. plenty more still ahead in the next hour on "daybreak asia." we will speak with the global advisor. shery: let's get -- paul: let's check on markets. 1% on this trade news

inspired rally. futures pointing higher across the region. that's it for "daybreak australia." this is bloomberg. ♪ i don't know why i didn't get screened a long time ago.

i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up. ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so call today and start with a free health assessment to understand your best plan of action.

so why didn't we do this earlier? life line screening. the power of prevention. call now to learn more. paul good morning, i am allen in sydney. under one hour away from the austria market open. shery: good evening, in new york i am shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: top stories this wednesday, asia tracking wall street's optimism about the trade war. president trump will start with desktop with xi jinping at the g20. oil also on the rise. they will