are a disaster. electionant to see an -- for so many years, i've been watching elections, and they say the projected winner or the winner of the election. i don't want to see that take or,e in a week or a month frankly, with litigation and everything else that can happen, years, years, where you never even know who won the election. you are sending out hundreds of millions of universal male in mail-in ballots. who are they being sent to? it is common sense. and the democrats know this. i want an election and a result much more than you. i think we are doing very well. we have the same fake polls, but i have real polls where we are

doing very well. i just left texas and biden came out against franken. that means texas is going to be one of the most unemployed states in our country. oklahoma, north dakota, new mexico are going to be a disaster. ohio, pennsylvania, a disaster. i want to have the results of the election. i don't want to be waiting around for weeks and months and literally, potentially, if you did it right, years. because you will never know. these ballots are missing. you saw paterson, new jersey, many other instances. there is tremendous litigation on that now, and that does not include absentee. absentee, you have to work and you have to send in for applications. for instance, i meant absentee voter because i can't be in florida, because i'm in washington. so i will be in absentee voter.

we have a lot of absentee voters and it works, and we are in favor of absentee, but it is much different. in california, they are going to send out tens of liens of voting forms. -- tens of millions of voting forms. we are they going to go? city councils are in big trouble now. voter fraud deliver the ballot. -- all over the ballot. hopefully, hand held high in victory. our country, despite the pandemic, which is devastating the rest of the world, by the way -- one of the articles that came out was "the world's covid ," the main editorial yesterday in "the wall street journal." resurgence: covid

countries held as models to see," and then they go "the at a level like they haven't ever seen. we have been giving praise to certain countries and the virus is coming to them a second time. welcome to "daybreak australia." you have been watching president trump talk about mail-in voting, which he claims will make the 2020 elections the most inaccurate and fraudulent. we had a tweet earlier today as well about potentially delaying the elections because of the coronavirus pandemic. he also talked about the pandemic saying that a small shutdown can be helpful but not for long. joining us is emily wilkins. let's get started on that tweet that made headlines a whole day. it move markets, raising anxiety over what will happen november 3.

president trump claiming mail-in voting will make this election fraudulent. emily: i don't even know where to begin with this one. i guess we should start with the simple logistics. if we want to change the date of the election from november 3, congress must act to do so. that is in federal law. mitch mcconnell has already said the current date is set in stone. other top republicans and democrats see no interest in moving this particular date. if trump does try to move the date, we anticipate that going to the courts. it is going to be very difficult to try and move this date, period. trump, we heard him say that what he was trying to get across is that he has concerns about hollande voting -- mail-in voting. today he said that mail-in voting was problematic while absentee voting was fine. they are actually the same thing. there seems to be a little bit

of confusion right there. haidi: add confusion when it comes to a federal kind of master plan for how to get on top of the virus situation, which continues to affect large parts of the u.s. in terms of new virus numbers and mounting death tolls. is there increasing pressure now for the president to come with a more cohesive national level plan? emily: there is for the democrats. right now, the trump administration has best simply -- has basically left the plan to states and state governors, but we are hearing from the administration that that is a problem because there is not any central agency saying this hospital has this much supply, let's go ahead and cordon eight. -- coordinate. also, when we do get a vaccine, there needs to be a plan on how the vaccine gets distributed. these are things the democrats are pushing for the white house to get together.

thispect to see more of with dr. anthony fauci and robert redfield coming to congress and talking to them. they will answer questions about the outlook going forward. continue to watch that presser by president trump at the moment. let's take a quick look at how markets are trading at the moment. we are seeing upside on u.s. futures now, gaining around 6/10 of 1%, after we had a mixed finish in the new york session. we had some modest moves. we had that awful second quarter gdp numbers, record plunge of 33%. better than expected but still the worst outcome since at least the 1940's. the s&p 500 lost 0.4%. the dollar also extending losses at the lowest level since 2018 at the moment. we did get the nasdaq composite up 0.4% in the regular

session. we are seeing after our moves with some big tech names that reported earnings. facebook,zon, alphabet all delivering, leading estimates. apple posting 11% revenue gain. they also announced splitting the stock four for one, which makes it more attractive to retail investors. amazon also pushing towards records on a sales speed. facebook jumping as well. we saw second-quarter revenue topping estimates. we look closer at all the tech earnings at the bottom of the tigris financial partners. haidi: this sort of bonanza of tech earnings seem to at least in some part a lay the concerns about a tech bottle -- tech bubble building. we will get more analysis on that later on. let's take a look at how we are

shaping up in asia. nikkei futures trading up about 0.3% at the moment. we have jobless numbers out of japan later on in the morning. it is a busy day today for elevation. china pmi, which will kind of set the tone in terms of how the macro picture is going when it comes to that economy and how that affects the rest of the region as well. kospi futures up by a quarter of 1%. we have seen some negativity when it comes to the start of trading in sydney. we are off by 0.5 percent, and in new zealand we see downside by about 0.1%, after inflation numbers not really moving the needle much when it comes to the potential for monetary action there. let's also take a look at oil. thanring the most in more a month after the newest data released shows the u.s. economy had the worst contraction on record. you see an uptick when it comes

to trading in new york crude, just over 40 bucks a barrel. but global demand is expected to languish as economic activity remains muted. we had the closing of u.s. benchmark futures at the lowest level in about three weeks overnight. still ahead, melbourne's lockdown seems to have failed to contain the spread of the virus. is the government running out of options to contain the outbreak? we will get the latest next. first, we have an exclusive interview with pgen. the ceo is up next. this is bloomberg.

watchingu are "daybreak: australia." global coronavirus cases have passed the 17 million mark.

almost 670,000 people have died. in the united states, florida reported a record number of deaths for a third straight day, while arizona also reported its most fatalities. california headed second deadliest day. texas, wheren hospitalizations dropped for a ninth straight day. almost 10,000 people of the u.k. have been given the experimental covid vaccine from the university of oxford and astrazeneca. moderna, pfizer, and biotech began their trials earlier this week. germany saw their highest number of cases in six weeks with almost 1000 new infections. germany's gdp slumped by the most in on was 50 years, contracting more than 10% -- in almost 50 years, contracting more than 10%. japan's governor will not announce a state of emergency. karaokents, bars, and

stores are asked to close early as we head into the weekend. she is also allowing some foreign residents to return after months of splitting families. melbourne is entering its fourth weekend of a lockdown amid questions of whether the strategy is working. victoria reported a record 723 cases on thursday. the state of queensland has already banned visitors from victoria. shery: the u.s. economy suffered its worst quarter since world war ii, as gdp plunged by 32.9 percent, but while the gdp plunge was widely expected, the jobless claims figure was not. that near 900,000 rise in people claiming continued benefits provides more evidence that any recovery is being undermined by the resurgence of the virus.

forhis take, we are joined an exclusive interview by pgim ceo david hunt. these are very bad numbers. widely expected for the gdp front. ?re we near the bottom now could we be near the end of this coronavirus recession, and but what recovery look like? as my chief economist likes to say, we clearly took the elevator down, and now we are going to trudge up the stairs to get back to normal. it really was a long way down. the numbers today are best understood on an annualized basis, year on year. that was 9.5% based on today's figures. that is, as you pointed out, the worst decline we have had since the second world war. our view is that it is going to be a long, slow climb up those stairs back to the same level.

in fact, we would say gdp would exit 2021 lower than it exited 2019. that is for three reasons. first, we think we will continue to see these flares of the virus, and that will sack consumer confidence. consumer consumption will not go back to levels as long as we don't have real confidence that people can go back to more normal way of living. we don't see that happening certainly for the next six to nine months. we also think unemployment will remain really low. we have actually seen worse figures on that front. initial there is an jumping unemployment, and now businesses are only going to take people back as they see demand come back, and that is going to be really slow. last, bankruptcies and foreclosures are now just starting, and those will go through the next six to nine

months as well. for all three of those reasons, this is going to be a slow road back. we have discontinued negotiation over the next stimulus package. so far, we have not seen any progress, but that could be coming soon. we have also seen most of the emergency measures already. how much of what has already been done has filtered through is itonomy, and how reaching small businesses now that you are talking about more bankruptcies? david: that is a really good point. we would give the fed very high marks for both the breadth and power of the actions they have taken. they have reaffirmed those programs will be in place for the rest of this year. i think on that front we would say that all is being done that needs to be done. on the fiscal side, that is not true.

we have more work to do to get money in the hands of small businesses, and i would particularly say we need to find a way to begin to get money to our states, cities, and minas apologies. they are going to have an enormous shortfall over the next nine months, and we really don't cuttingm to be particularly important to emergency services, and we don't need them to be adding to the unemployment rolls. we need another bill focused on small businesses and states and municipalities. we heard from the dallas fed president earlier this week to be mindful of the elevated valuations in risk assets being the perception that there is a very high bar for future rate increases. is it a moral hazard when it comes to risk valuations in the prices that you see at the moment? david: yes, i think there is,

but i think that is not at the top of my worry list. our view is that we are now going to enter a period where we , in have very low rates many cases negative real rates, low inflation, and low growth. that is going to drive a asocious hunt for yields people move out of their safe treasuries or other government securities and look for something that pays above zero. we know that kind of search -- and we have seen that over the last three years -- ultimately sees some demise, because it does drive too much capital into some of the riskier areas. but we are a long way away from that now, and i think the most important thing is that we get money back into companies that actually need time and attention to get through this next year.

have: it seems like -- we talked about markets being very dangerously focused on the big tact and growth names, but with the results that we just saw in hardast few hours, it is to bet against -- is that where the hunt for yield is going to continue? david: i think the hunt for yield will be very broad. it is mostly seen in the fixed income markets, where there has been a real movement back to corporate credit infrastructure products. i think we see it in real estate. we have seen it in the equity markets. i think we worry less about the narrowness of the s&p growth. yes, the top five have driven a lot of it, but in truth, there are many companies that actually contained on intellectual capital for their growth, whether that is software or .ntellectual property

intellectual ways of generating vaccines are an example. we think this rise of intangible assets in the equity markets is here to stay and will actually yield investors very well through the full cycle. shery: how will that hunt for yield and the weakening dollar trend that we are seeing right now play out to the rest of the year? david: we believe that we will continue to see quite a lot of money which has been moved into money market accounts, and that is true on the institutional side as well as the retail side, will come back into the fixed income markets in the second half of this year. flows have actually been pretty good in this last quarter, and we would expect them to be even better over the next six months. there will be a lot more money in motion as people come off the sidelines.

that will be particularly true as we get a better line of sight as to when a virus vaccine will actually be available. i think that will be the defining moment when people say, ok, i can get off the sidelines and move into risk assets. david, the president's electoral musings aside, how much risk are you assigning going into november? david: it is an interesting question. markets hate uncertainty, and they have always been particularly volatile in september and october for a presidential election. finally enough, we are not seeing that this year. i think my personal hypothesis is that, actually, because of the pandemic, the fiscal policy that any administration will need to follow for the next 18 months is pretty clear. there is not going to be a lot of room for the usual differences between democrats and republicans.

since we have seen what that fiscal policy will be, i'm not sure we will see the same level of volatility leading into this. i will say one of the interesting things i have seen is the amount of market interest in the senate races. those handful of races that could turn the senate has people really focused on whether longer-term, if we do have a democratic administration and if we had both houses move, that would be a major move in policy to the left. shery: -- haidi: david, always appreciate your time with us. you can get a roundup of the stories you need to know in today's edition of daybreak. you can tweak the settings for the news that matters to you. this is bloomberg. ♪

shery: airbus is coming back wide-body jet production after it burned through $5.2 million in the second quarter. the ceo told bloomberg tv he expects significant reduced undelivered planes in the second half and is looking at ramping up production by the end of 2021 or 2022. >> we have completely adapted our production system to what we think is the new environment, on we reduced, for instance, one plane from the production per month down to 40. we have adapted to this situation. there communicating down line to understand the right

calibration moving forward. we think 40 month is appropriate for us for 2020, for probably the best majority of 2021. we are awaiting signals from the airlines and the passenger traffic to understand when things really recover. we think there will be a recovery. but it is more difficult to assess at the moment -- but what is more difficult to assess at the moment is when. we are navigating a situation with a lot of uncertainty and changes. by resizing, by adjusting production rates, by adapting the supply chain to this new environment. >> you said today that you are looking to get the business in a position where it is neutral on cash in terms of the burn as we go through the second half of the year. deliveries obviously are a key part of that.

aw realistic is it to get to neutral cash flow position given the operating environment you just described? of h1, a loty end of planes ready for delivery, but not delivered, because of the situation of the airlines and the customers. produced, veryes high, and we think we will manage to reduce it significantly in the second half of the year. this contributes to the balance in cash flow. it is an objective because there is a lot of uncertainty. we are making progress on the new delivery schedules. we are regaining visibility when it comes to the second half of .020 and 2021 our objective is to be cash flow neutral before customer

financing on the second half of 2020. haidi: coming up, tech stocks surged after hours as earnings from apple and amazon/estimates -- and amazon slash estimates. ♪

♪ you are watching "daybreak australia." i'm karina mitchell with first word headlines. the u.s., economy contracting 32%, the worst since the 1940's. personal spending fell at an even deeper pace and jobless claims rose by almost 1.5 million. they are now 17 million filing for benefits, most since early may. democrat and republican lawmakers have rejected

president trump's suggestion to delay the election. trump tweeted it would avoid mail-in voting fraud and made the unsubstantiated claim that november would be the most fraudulent election in history. trump doesn't have the power to delay an election and would need congressional approval. the leader who led taiwan from dictatorship to democracy in the 1990's died. the former president passed away in hospital thursday, where he had been for six months after heart failure. thailand -- taiwan's first nativeborn president. beijing called him a sinner of 10,000 years. he was 97. has launched its most ambitious mars rover mission yet. a rover will look for signs of life on the red planet that could be returned to earth and will try to extract oxygen from

the martian air. it will take perseverance six and a half months to get to mars. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ authoritieskong have disqualified 12 opposition candidates from participating in upcoming elections. sophie kamaruddin is on the line. what do we know? theie: in a blow to pro-democracy movement, five sitting lawmakers, four different -- four district counselors and or activists from a resistance camp have been banned from running. in a statement, the government made it clear that objecting to the national security law was grounds for such action, which would rule out most of the pro-democracy camp. lobbying with foreign

governments was also cited as a reason for disqualification. the decision was not surprising. opposition candidates have been barred from elections in 2016, 2018 and 2019. end authorities warned more disqualifications -- and authorities warned more disqualifications could happen. 20 other candidates are waiting to be vetted. officials say the election will be held in accordance with basic law. shery: we have seen a response from the international community. sophie: veteran democracy activist joseph chung said anger will accumulate, which makes governing difficult. one of the band candidates -- banned candidates spoke. listen to what he had to say. when the national security

that oneassed, i said country to systems -- two systems was finished. make no mistake, today we are seeing the results of the relentless oppression that this regime is starting. sophie: that is part of the mood here in the city. internationally, the mood has been condemned by lawmakers from 12 countries who signed a joint statement decrying the destruction of the democratic process. the u.k. foreign secretary spoke of the erosion of freedoms, indicating the disqualifications were due to political views, adding to tensions with china, who has said that u.k. will pay the price for poisoning relations. beijing says it may block hong kong citizens from taking a path to british citizenship. and leading up to this week, the

u.k. joined the u.s. undone australia -- the u.s. and intralia and boasting -- voicing concerns about the election in hong kong. sophie kamaruddin with the latest on hong kong. bloomberg's stephen engle dove into the issues in our series, hong kong on edge. here is a preview of the second part. being on anke airplane with a lot of turbulence, everybody hanging on and waiting for the plane to land. stephen: or waiting for it to crash. >> or waiting for it to class, but this is not goin to crash because china needs hong kong. they need an open hong kong. they want to keep it safe but they want to make it stronger. stephen: beijing shirley doesn't want a stronger -- surely

doesn't want a stronger pro-democracy camp. protesters were accused of fostering anti--china sentiment. playing cards similar to those put out by the u.s. during the iraq war have circulated here with the faces of pro-democracy advocates, including the ace of hearts. >> there are a lot of scare tactics. many people are being scared away. they want to defeat you without using force or without waging a war. that is the way the chinese play the game. no, ii sit here and say, will never be arrested. were you born yesterday? you live under communist rule. how dare you say such a thing. i have never said that, even in 1997. but neither did i predict that i

would be arrested tomorrow. no, we live under chinese rule, so anything, everything that happens, it would not surprise us because that is the way they behave to their own people. but we will stay and fight. >> i don't think i am going to leave, even though i face imminent risk of being put into jail, because if i become scared, all the other people will all the more become very scared. and then the whole community will be stifled. >> we need to fight until the last minute. antifa, before nationalists took over hong kong, this law is legal, but this interference might be illegal, and they cannot only arrest me, they can arrest you. >> freedom of speech has been

deeply limited by this new law, but it is mainly the freedom to advocate hong kong independence or the freedom to advocate overthrowing the chinese communist party. i must admit there is some limitation of freedom of speech. stephen: is freedom of the press under threat? on -- no, unless they push see session -- secession. stephen: do people have to worry about what they post on facebook, and what their employees post? you don't have an obligation for what criminal staff -- what criminal things that your staff does. if you have no intention to carry out secession and subversion and terrorist acts, than what do you have to hear about it -- fear about it? shery: more on the future of

hong kong with the secretary of economic development. join us for that exclusive interview a little later on "daybreak australia." coming up, earnings from apple and amazon smash estimates. we join tigress financial analyst ivan feinseth. this is bloomberg. ♪

♪ of apple jumped about 5% in extended trading after quarterly revenue crushed wall street forecasts as lockdown consumers snapped up new iphones, ipads and computers to stay connected during the pandemic. joining us to look at apple and big tech, which not get out of ceopart, tigress financial ivan feinseth joins us. what do you make of this set of results? ivan: it is just that these four companies have phenomenal business models, that empower everything we do, both from the enterprise size with companies and on the individual side. and they all have different have incredible strengths to their products that

appeal to consumers and drive efficiency in business operations. and all were benefiting from the economy, the booming economy we saw at the beginning of the year, and they all helped everybody adapt to this very difficult pandemic we are in, and maintain connectivity and that madervices businesses remain functional and individuals continue to be connected. haidi: what is the path forward for growth? we have seen for a lot of other retail players that this in between, stop and start, stores being forced to close down, reopen, closed down again, stages of lockdown across different parts of the world and the u.s. weighing on their business models. take, particularly

when it comes to the pickup of devices like pcs? all, for apple, they have a new beginning starting in a couple of months when they lost the -- when they launch the 5g enabled iphone 12, which will probably kick off one of the biggest super cycles of upgrades and iphone history -- in iphone history. onlyanges everything, not the speed of connectivity in your phone, but it creates this network that will be able to empower edge computing, which is delivering from the cloud to the edge. and that helps google, helps facebook, it helps apple, amazon. the high-speed conductivity of example, 3g tor download a two-hour movie of three gigs with take on 3g 24 hours, 4g, three minutes, 5g, 30 seconds. so it will empower streaming,

and power conductivity. people will be able to use connected devices for services and to mend microsoft teams video connectivity, and collaboration and sharing screens to be able to work on projects together. so the iphone 12 is going to be a big name changer for apple -- big game-changer for apple. 5g will be a big game-changer for all these companies that reported phenomenal results. -- they have made being being connected to friends and family on facebook has made being locked down during the pandemic a little easier. the biggest problem has been isolation. so to be able to communicate with facetime on your iphone, or with zoom on any of your connected devices, or see what your friends and family are doing. haidi: that has made a huge

difference. when it comes to apple, the -- four for one. will that make it more attractive for retail investors? ivan: absolutely. people like to buy 100 shares of stocks, 100 shares of a four dollars stock, $40,000, yes. there are different thoughts on split, because amazon is over $3200. warren doesn't believe in splits, he believes in long-term investing, that is why he never slid berkshire hathaway, as an example. but apple sells a consumer product that they liked of consumers identify with and own. know,nt to buy what you if you like the product, you

should like the stock, so it helps that connectivity to the shareholder. . shery: you mentioned amazon pushing toward new records as well. they have their third quarter guidance on costs related to the pandemic coming in at $2 billion. is that surprisingly big? well, because amazon continues to invest. and also, from the beginning when they announced results of the first quarter, they said they were going to invest in supplying products to help people, for free in many cases, that they were spending $4 billion for pandemic relief if you will. in theirys invest business. they have invested in growth. they invest in their people, and they give back. convenient orre efficient operation than amazon as far as purchasing goods. and what was interesting,

third-party sellers did extremely well this quarter, which is what jeff these owes was being criticized for in some ways, stifling third-party competition, yesterday during the hearing in front of congress. it is the opposite, the results of the opposite of what he was being accused of. , creating aping platform for small businesses to grow, and all of these companies in many ways, facebook creates a platform for small business to market and reach customers, amazon creates a platform for small businesses to sell to individuals and get their products to market, so these four companies provide -- and so does google, by the way, so they all provide services that help small businesses grow. tim cook said

yesterday the app store launched originally with 500 apps and now they have millions, and some of those apps are developed by individual developers who were able to come up with an idea, sell an app, and intentionally reach one 5 billion users with an app that sells for one dollar, $.50, then there are all types of different apps on the apple app store. the same thing on google play. haidi: i want to round out the conversation with your views about ad growth. we had face book and for bit on top for revenue. theare you concerned about ad contribution to the bottom ofe, based on fears contraction for u.s. gdp, a good place to start to look bearish? in theory, when business contracts, they say you are supposed to spend more on advertising because your ads will stick out. the best way to drum up new business is to increase

advertising. but the style of advertising offered to you on facebook and google is so targeted, could businesses get a higher and more measured return on their advertising investment? so this has become a very attractive platform. google,u can budget on you can spend a few hundred dollars a month or a few hundred thousand dollars a month on advertising, depending on how many hits you are willing to pay for. forn, it creates a platform small business to advertise next to big businesses. you are going to see that end, because of the impact of the ads and the measurability of the impact of the ads, continue to grow, and reach people who are potentially your best customers. great tigress financial, to have you with us, ivan feinseth ceo.

coming up, government may need new tools to contain fresh wildfire outbreaks. this is bloomberg. ♪

♪

haidi: attempts to chain coronavirus spike in australia's second-largest city, daily numbers soaring above 700 thursday. paul allen joins us, the number yesterday was almost 200 above daily records. what are the implications? spike, the that big victoria premier daniel andrews and prime minister scott morrison had a discussion about tightening restrictions. local media is reporting something maybe along the lines of what the -- of what new ofland did in terms supermarkets, petrol stations and pharmacies being open. that would be a significant ramp-up and restrictions if they went ahead. the key to all of this is friday numbers. was aw cases thursday

significant increase in what we have seen in the story of. there is almost 3200 cases in the past seven days as a backlog age caret tracing at centers, especially hard-hit. masks are now compulsory across the state of doria, -- victoria, but a lot of people are suffering lockdown 50, every day we see stories of people breaking rules and getting fined. shery: is the spread in other areas of the country? new: there is a spread in south wales, not huge, 18 cases thursday. jim's in schools -- gymnasiums and schools fall into these cases. melbourne was at this point about a month ago and that is a study of how quickly things escalate.

there are also traces of coronavirus now in the sewage system in one area where people have been skiing, a resort where people are now being asked to look after symptoms. shery: paul allen joining us from sydney. business flash headlines, standard chartered delivers earnings that beat the street. the asia-focused lender set aside 1.5 billion dollars for potential loan losses in the first six months, saying second half provisions would be lower. 30's --rt reported the 35% rise in a pretax profit short of $2 billion. reliance industries be expectations to post record rising profits as a pact with bp and rising income from phone services offset declines in oil. reportedndian company

profit in the quarter ending in june. the owner's is the fifth-richest person on the bloomberg billionaire index with $79 billion. ford posted much better than expected results for the latest quarter, but projected a full-year loss as it attempted to restructure amid the pandemic. carmaker's second-quarter loss was half of the $5 billion it forecast, as demand for suvs and trucks held up. ford's adjustment of $.35 a share smashed estimates of $1.18 per share loss. oning up in the next hour "daybreak australia," we discuss the outlook for emerging markets and more. we check out markets setting up this friday, trading in new zealand already underway, the asian session flat at the moment although we are above session

lows when it comes to trading. the kiwi dollar losing ground at 66.9 five, sydni futures, the cash trading session starting unchanged. seeing minimalar gains, holding above .71 and just to have the point72 u.s. cents. pmi number, giving direction to trading today. a lot more i had when it comes asia," not only the pmi data out of china, jobless numbers out of japan as well and key data from thailand on trade and industrial production readings out of south korea. lots more ahead. this is bloomberg. ♪ businesses are starting to bounce back.

but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today.

haidi: good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i am shery ahn in new york. welcome to "daybreak asia." amazon, apple, alphabet, and facebook light up and already alreadyng --an blistering rally. a much dimmer picture on main street. u.s. gdp contracts by