>> good morning and welcome to "daybreak australia." we are counting down to asia markets open. these are top stories this hour. more countries hall astrazeneca jabs on blood calling -- blood clotting report. asia markets take a hit from

deals ahead of the key fed meeting. the dollar is trading mixed while the oil ash while oil faces new pressure. the crypto going top to $60,000 -- topped $60,000. this is a picture across markets. we saw a fresh bout of volatility last week. textiles were down. nikkei futures are higher by 2/10 of 1%. a big week for asia. especially for japan, after months of waiting we get the details of its policy review. kiwi stocks gaining. we have seen them rising for the cap -- for the past five sessions. wti coming online right now. we are seeing a higher but still around the $65 level. it fell for the first time in three weeks. we are seeing some signals of patchy demand rebounds. we are watching out for that. haidi: let's get back to the

virus story. the vaccine story. global vaccination is facing a major hurdle with astrazeneca trying to reassure people it's vaccine is safe amid led clotting fears. we'll get more from our deputy managing editor. more and more countries putting a ban on these astrazeneca shots on account of these developing cases we see, the adverse reactions we are seeing. >> that is exactly right. we have seen from ireland to northern italy about a dozen countries or at least regions have put a halt on using the astrazeneca shot. these reports -- these reports about blood clotting from austria to norway to even thailand. astrazeneca has come out with its own statement and said the 17 million people who have received the shot in the incidence of clotting is less than the populace not random. they are sticking to the

european medicine regulator. they said there was no issue. these vaccines are so new and the suspicion about the whole vaccination program, it seems to be a huge headache for astrazeneca at a time it is struggling to deliver the number of inoculations to european countries, at least, that it has promised, added time when the u.s. has a small amount of the vaccine from astrazeneca that have not been approved but they do not want to give it up to the eu. it is a tricky, complex situation. as it slows down in europe's overall vaccination program. shery: quite a contrast to what is happening here in the u.s.. we were slow to get started, but we are talking about 100 million doses administered already. how does this compare to what is

happening in the u.s.? >> it really seems like the beginnings of the trumpet ministrations and continuing on under joe biden that the program, despite some hiccups, some states are doing better than others -- but it is picking up steam. approval and distributional of the one-shot johnson & johnson vaccine a couple of weeks ago has certainly helped. in the most recent days, u.s. vaccines are getting almost 2.4 million doses a day. we heard from joe biden last week. he said that basically he wants all adults who want to have the vaccination to be inoculated by the end of may. his health advisor anthony fauci said that is probably about two months sooner than he would've thought recently. as always, there are some sticking points. found she is worried about new -- fauci is worried about new

variants. he says, don't spike the football just yet. he also talked about the large proportion of men, republican leading -- republican leaning men who said they will not be faxed -- vaxxed. republican men who said they do not intend to take the vaccine. in some states, that has a big impact. in republican leaning states. one thing anthony found she said today -- anthony fauci said today is that if trump came out in favor of vaccines it would be a game changer. he has often clashed with trump. that is what he would like to see happen. other than that, if you have enough people who are vaccine hesitant, it could really impede the push to be, to have herd immunity.

one republican governor today from arkansas said he thinks that once vaccines become a reality, once it is not like, will i take the vaccine? he thinks that the opposition will melt away and more people will see the benefit and want to get vaccinated. at this point, the u.s. seems to be going pretty strongly. haidi: they returned to normal is really the ultimate goal. our deputy managing editor in washington with the latest on the virus and vaccine. we have a hotel quarantined worker in sydney testing positive for covid-19, ending a 55 day street -- streak of no transmission. the man had received the first dose of the pfizer vaccine. paul here with the details. we have a situation where a hotel quarantined worker, what

are the implications when it comes to the immune response, given he had had part one of his vaccination already? >> its real-world proof of the lag between the vaccine and it kicking in. theoretically, if you are vaccinated you probably do not have a high viral load and potentially do not transmit the virus to the same degree. that has been borne out as well. all the household members of the 47-year-old man have tested negative. 130 potential contacts at his workplaces have been told to self-isolate. there have been no positive cases out of them either. investigations in this latest case do continue. the man also had an office job. he visited a number of venues around sydney while he was positive. we are waiting to see potentially how far this single case has spread.

the australian chief medical advisor as well says all of this is a reminder that a vaccine by itself is not the silver bullet. shery: how could this affect the traditional travel bubble between us -- the potential travel bubble between australia and singapore? >> hopefully not much. this is news that broke over the weekend and the trade minister confirmed that even talks with singapore, the trade minister there, there will be more discussions on this travel bubble to come. to make this work, it would involve new -- mutual recognition of digital vaccine certificates. it would seem unlikely that a single case would puncture the potential bubble. the other bonus for australia is it would allow returning australians to do two weeks quarantine in singapore before they came back to australia. it would ease a lot of pressure on the hotel quarantined system here in australia. the hope would be to have this up and running by july or

august. then it will be well ahead of a plan to fully reopen the borders in october. singapore, of course, is a long way ahead of australia in terms of getting its population vaccinated. shery: over in hong kong, hundreds were sent to quarantine as the city tried to contain an outbreak in a city center jim that is popular among the ex-pats. authorities ordered compulsory testing at 90 residential locations and 60 worksites enclosed seven schools as a result of the spread. italy also facing a new lockdown after the government approved a decree automatically designating regions and high-risk red zones, if they had a certain threshold of new cases, the numeral will go into effect monday and could affect as much as two thirds of italy.

prime minister mario draghi has pledged to triple italy's daily rate of vaccination. let's get over to vonnie quinn. >> treasury secretary janet yellen has taken to the u.s. chat shows to downplay the risk of inflation. she says the threat is minimal, despite the massive relief program. she went on abc news and said the risk is minimal but manageable. a survey of economists sees the fed hiking rates in 2023. german chancellor angela merkel has suffered her worst election defeat as voters attack the governors -- the government's handling of the coronavirus. support for her party fell four points to just 23% compared to in 2016, when the greens and social democrats consolidating their hold on power. the elections of first-time voters -- the electipon is

the first time people have been able to chime in on merkel's strategy. >> more purchase in myanmar. -- more protests in myanmar. several outlets coming under attack in the weekend. martial law has been imposed. 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 am vonnie quinn. this is bloomberg. haidi: still ahead, more key eco-data is due in a few hours showing activity in january and february. we'll take a look at how the chinese economy is doing. coming up next, not smoking the market just yet. this is bloomberg. ♪

shery: washing the jump in bond yields. ahead of key federal reserve meetings this week. those rising yields is even to preoccupy investors because of the prospect of rising inflation. let's look at what to expect. sandy, great to have you with us. a time when we thought there was some calm back in the bond market and then we have this going on again, despite the fact we had a relatively smooth bond sales last week. what happens next in terms of how you are allocating your portfolio? >> as rates went down in 2020, we reduced bonds to about half their position. we did not want to get rid of them completely. they are helpful from a volatility dampening perspective. it is dry powder if we see shakiness in the equity market. we reduced fixed income.

we are not expecting high return. we've not been too bothered by what is happening in the near term. we have turned our attention to liquid alternatives to help bolster the portfolio. as we were reducing bonds, we moved into equities, particularly the parts of the equity markets that of not been getting as much action, stocks with lower valuations. that move towards the end of 2020 proved very helpful in the last quarter of that year and so far in this year we have seen really great returns from our more value-oriented stocks. shery: are you selling out of growth and tech? it seems most investors need to get that cash out of somewhere and growth is being pressured right now. >> we have been worried about growth for a long time. especially as 2020 came to an end. while we have some growth players in the portfolio, our business has been on value. really a move out of bonds and into the value allocation, not only in the u.s., but overseas.

we are excited about what is happening in emerging markets in terms of opportunity over the next seven to 10 years, securely in asia. -- particularly in asia. otherwise, in the portfolio, we are allocating towards quality stocks. stocks that have lower volatility then we see with the broad market and also a strong balance sheet, a little bit of debt. it is a balancing act. sometimes it feels like we are on a surfboard staying balanced, making sure our lines are well allocated and able to take advantage of continued bull market conditions but also be able to be protected in case we see some down terms -- downturns in equity markets in particular. >> a lot have been warning about the risk of falling returns. we have seen some great returns.

in light of the changing market condition, is there anything that replaces the 60/40 echo is there any asset class that replaces this bond? you mentioned you are looking at alternatives. >> that is right. liquid alternatives, we are bullish on. we think it is a nice way to bring down volatility in the portfolio and provide returns higher than bonds as we look in the next seven to 10 years. we may think it may be possible to get a return in the very low, low, less than 1% range to maybe 1%. we are looking for higher returns in liquid alternatives and in terms of the asset allocation, we agree. we think that 60/40 or folios, which have done so well over the past for years, have a lot of risk embedded in them. we are looking up or folios that look more like 20% bonds, 30% liquid alternatives, and equities, we are tilting towards

value. that resonates a lot with clients. i spoke with a client on friday was really concerned about this growth aspect of the market. we talked about taking some of the growth in the portfolio and giving them away to charity to take advantage of the high run up there. and really monetize those assets and reduce the hold in the portfolio. haidi: we are seeing a lot of ipo's across growth and tech. what is your strategy post-ipo in terms of how you manage stock concentration? >> that is something we focus on a lot with clients who work with corporate executives, family businesses, and entrepreneurs. it is a topic that comes up a lot. our focus is on understanding what the client's reliance is on the stock. in many cases, when the company has gone public and the executive or founder or employee has an opportunity to sell, we are looking to sell enough of

the investment to either shore up the client's goals -- to cheat -- to achieve all the goals they have or see progress towards them. a lot of times selling stock plays into it. if the client is in an enviable position of having more of that concentrated stock then they need to fulfill their goals, if they are still bullish on the stock, we will look at holding for a higher price in the future. shery: a lot of the discussion right now, whether on rising yields or pressure on certain parts of the stock market, has to do with what investors think inflation in what way inflation is going. take a listen to what secretary yellen has to say about this >> is there a risk of inflation? i think there is a small risk. i think it is manageable. i do not think it is a significant risk. if it materializes, we will monitor for it. we have tools to address it.

shery: sandy, what is your best case for inflation forecast going forward? is there a level at which treasury yields or any changes in the outlook would make you make figure changes in your portfolios? >> we are in agreement with secretary yellen. we think inflation will stay quite dampened. we are not worried about it right now. if we do see unexpected inflation hit, we have some goals and a portion of our portfolio that will help those liquid alternatives. ultimately, stock should in -- should adjust to inflation. we are not worried about it at this point. haidi: always great to have you with us. partner and managing director at experience. breaking news when it comes to the astrazeneca vaccine. the netherlands has now suspended, for now, the use of

the astrazeneca vaccine, according to reporting from bloomberg -- from reuters, i should say. we heard earlier the netherlands saying they will continue to use the astrazeneca shot, despite these concerns of blood clots we have heard from the health minister a couple of days ago. they said they will not be joining the other european nations suspending the shots. this is creating a widening group of countries that have now put suspension on the astrazeneca vaccine. about a dozen regions, including ireland and northern italy, as well as in a countries like thailand moving to suspend the shot after reports of adverse events including blood clots from two batches of the vaccine. coming up next, bitcoin passed $60,000 for the first time, bouncing back from a late february route. this is bloomberg. ♪

haidi: bitcoin's top $60,000 for the first time, bouncing back from a late february rout. advocates say it is a store of value. skeptics see a giant bubble. let's bring out andrea. since when has bitcoin not divided investors? what is the latest your hearing? >> that's right. i think what we are seeing at the moment with bitcoin being sweptast this so-called stulus rally. you had the stimulus, the 1.9 trillion stimulus in the u.s.. you had the vaccination rollout. there is a lot of cash out there looking for a home. the also have the spike in bond yields. investors really questioning where the equity marketing -- market is going to go.

bitcoin has just been caught up in this. also, there is increasing institutional interests and speculative interest. as you said of the market, it is divided. at the same time, you have tesla backing with a $1 billion investment as elon musk endorses it. you have the billionaire investment -- investor mike norma graph. he could say could reach $100,000 by the end of the year. while it remains a divided's -- a divided view, the so-called stimulus rally, at this point, who knows? who knows how far it can go? shery: what is this new hot player and why is it rallying so

much? >> that's right. one of the reasons this is caught on interest is because recently market value surged to 34 billion and briefly became the third biggest cryptocurrency behind bitcoin and a theory and. --and etherum. it has a loyal following on reddit similar to the meme stocks that we have seen so far. at the same time, it lacks many of the functionalities available with more function -- with more established rivals. one explanation for attracting this kind of interest as it could be an alternative to ethereum. some developers are looking for an alternative

network. such as cardano. these are some of the explanations. again, one of these currencies caught up in all the hype we are seeing today in the digital markets. haidi: we are taking a look at the day of head -- day ahead in australia now. the rba governor is to speak at an online conference in just under an hour's time. mark mccowan winning a sweeping state election reducing the opposition liberal party to a handful, a massive upset there. and coming up today, tens of thousands are set to march across australia to protest violence and abuse against women. the protest march, known as women march for justice, will take place when federal parliament resumes. more than 85,000 people are expected to turn out.

perth held its women's march yesterday. the attorney general's ex-wife among those leading the charge. in melbourne we have almost 10,000 people signing up via facebook. they are asked to wear a black face mask. this is bloomberg. ♪

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>> you are watching "daybreak australia." i am vonnie quinn with the first word headlines. astrazeneca insists it's shot is safe despite being banned in countries. the company says a careful review of the data shows no evidence of increased risk of pulmonary -- at least 13 countries have pulled the vaccinations. sydney is reporting its first local covert case in eight weeks after a hotel quarantine worker

tested positive. it had received the first of two doses of the pfizer vaccine. new south wales says it is too early to kw if it will hit their plans this week. china is to report more e-data inhe coming hours with analysts expecting strong growth in january and februar the figures will be based on distorted reports froa year ago when the mainland was the first to go into covid lockdown. close inspection of the numbers will offer a look at a two speed recovery with exports and imports leading the way while consumption lags. police in london are under fire after arresting mourners at a vigil for a woman who was abducted and killed. officers moved in after hundreds of people gathered at an unofficial memorial to honor sarah everard, who was kidnapped. the metropolitan police service

says mourners are breaching covid-19 restrictions. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. shery. shery: let's turn to china. it's accusing the u.k. of "groundless slander after the british government said asians crackdown on dissent and hong kong breaches its 19 97 handover treaty obligations. that spring in tom mackenzie in beijing. so what are the two sides saying? tom: so china has come out with quite a forceful statement they publish on their embassy website in the u.k., saying that written has no sovereignty, no jurisdiction, no right of supervision in hong kong, and saying it has no so-called obligations to the citizens of the city either. this was in response, as you say, to the u.k. changing its language and how it has

responded to these adjustments to the hong kong election law and that is what is important here. the u.k. has changed its language, saying that china is no longer in compliance with the treaty that was signed in 1997 as part of a handover for hong kong back to china. previously, the u.k. had described china's actions as breaching that treaty and now, it is saying it is in noncompliance and that is the diplomatic, linguistic change. there is no indication that what the u.k. will or can do -- previously, we know this is underway. britain has offered a path to citizenship for some hong kong citizens following the decision by beijing to put in place a national security law last week and we heard from the g7 group of nations. they say they have grave concerns about the changes to hong kong's election system and just a reminder for our viewers, this was pushed through by the national people's congress last week. the system will include and ensure that the executive

committee are expanded to make sure beijing loyalists are in place and candidates will have to go through a loyalty or patriot test for beijing to ensure that their loyalties are to the mainland. shery: tom, of course, u.s. and chinese officials set to meet later this week. what are we expecting from this first round of talks? tom: the thursday and friday of this week, that's when the senior diplomats will have these high-level face-to-face meetings. it will come on the back of a visit by antony blinken, where he will attempt to repair alliances and build out this alliance to in large part push back against china so that is part of the context and has already been a dispute between beijing and the u.s. over how to characterize these talks. china has described them as a strategic dialogue. the u.s. is saying this is a set

of one-off talks and we will see if china can come up with some changes and possibly, we will meet again. china is trying to frame it as part of a longer-term strategic battle. that dispute before they even sat down. there is an expectation that we need to moderate what may come out of this in terms of our expectations. if they get a joint statement, ill een as an african. we know that so far, neither side has offered any major concessions to either side's concerns. there are areas where they could potential he worked with us for covid-19, the global economy, or climate change. on those are, maybe there will be some traction, on some of the significant concerns around technology or human light -- human rights, it's unlikely there will be major breakthroughs. we will look to see if they have a joint statement. haidi: tom mackenzie in beijing. it is time for our morning call segment. we will be speaking with china because the one is signaling it can outperform from -- the yuan

is signaling it can outrun from here. they are expecting the outperformance to continue because china maintains a healthy growth of rental versus the u.s. and the rest of the world. it's starting to normalize fiscal and monetary policy as well. shery: we are keeping an eye on the pressure on the tech sector. we are expecting analysts warning of more pain ahead, especially with the nasdaq index and did last week higher but only because of gains on tuesday and thursday. big updates are not that uncommon during a downtrend, actually, so there is mounting evidence that the tech sector has relinquished its global leadership position. rising yields and cheaper stocks are among the biggest threats there. coming up next, we discussed what to expect on the eco-front this week with big central-bank meetings and data. we will speak with our guest.

this is bloomberg. ♪

>> we have a big week on the eco-front in china. we are expecting a slew of data for january and february. we are watching these numbers closely because of course, we have the base effects kicking in this year. given what happened last year with the pandemic, we are expecting some distortions. when it comes to industrial

production, we are expecting a jump to a 32% year on year. when it comes to investment, 44% rise year on year. retail rise of 42% year on year. that may sound great but it is still a much lower recovery than expected. all of those social distancing rules. even during the lunar new year holiday, we have the government telling people, just stay in the city. do not go back to your hometowns. we could see some changes in the structure of consumption. premier li keqiang said the growth target for this year was set at over 6%, haidi. haidi: 6% is a lot lower than what we were expecting from our next guest and what she is expecting, i should say, from the chinese economy this year. that spring in the vanguard managing director. -- let's bring in the vanguard managing director. you are sticking to your call of above consensus growth this year. >> actually, we are getting more confident about that growth

forecast now and we see consensus moving toward our forecast. there are several reasons. one, we see that the global economic recovery is very strong. thanks to the fiscal stimulus as well. and the second thing is that we see consumption remains quite resilient even during the chinese new year period despite all the travel restrictions. we see auto sales, home sales, movie box revenue, and local traffic congestion, it is staying resilient. the third thing i would say is also you do see that the expected fiscal consolidation is actually more moderated than people previously were thinking. added together, the recovery of

the chinese economy will continue and we will see, you know, this growth for 2021. haidi: what does that mean, implications for pboc policy? qian: i think pboc is probably the one who wants to focus more on containing the financial risks side but it's really coming from the national people's congress that, yes, there will be a normalization, but the term is not going to be sharp so we are clear about the direction, but the pace and magnitude of normalization is going to be gradual so in the end, for pboc, they want to balance multiple things. they want to balance growth in the near term, continued macro leverage, but they also want to make sure that any normalization is not going to trigger significant volatility in the market. we have seen that last november

and we saw the rate rise significantly in january so i think this is where the pboc wants to be very careful that even though they want to normalize, they want there to be -- they wanted to be more gradual, not disrupt the market and economy so in the end, we will see gradual declines in terms of the rest of the world but what we are not going to see is more hikes for this year. shery: will the markets allow that gradual change? we are seeing these knee-jerk reactions when it comes to perhaps more tightening, right? so how do authorities and policymakers have to gauge that? qian: yes, i think this is not just unique to china but any country. because the market is always trying to be forward-looking so when you were saying there was a move, things were always pricing more moves by what the central

bank intended to have so as a result, this is where the central bank needs to strengthen their communication, not to create confusion in the market. obviously, this is what we should expect from the pboc. the central bank coming out and saying we are going to be gradual and then this is probably something we also expect from japan this week is that they need to focus on their communication with the market. when the market is starting to price in more tightening, they probably need to take the chance to reemphasize that. shery: i love that you went there for me because i wanted to ask about the boj next. we have been waiting for months for that policy review, so what are we expecting? sources telling us we could perhaps see some releasing of an analysis to show what an

interest rate cut could actually look like. they seem to want to send some signals to the market. qian: i think -- i do not expect any major policy changes from the boj meeting because frankly speaking, i think when the boj already reached the limit on monetary policy, they do not have much room to change their policy significantly as they need to wait between the effects of further monetary easing, so i think in the last several weeks, boj officials have been sending rather mixed signals, for example, regarding whether they should be widening the band of the target. if you take action to address monetary easing, for example, to widen the ban, that could work against the easing, especially -- you are retreating from your

easing. and think that could create confusion to the market so in the end, i would say nothing major. they could actually increase the flexibility of their etf's or jgb's. they could say even though we do not widen the band around the yield target, we could allow some maturation within the band so it's more about the flexibility rather than any major policy change. haidi: we are also watching the fed because central banks around asia are very much at the mercy of what happens to the treasury market. what sort of messaging do you expect from the fed chair? pushing back expectations we see in the swamps market, but also maintaining what has been really his mind so far that the recovery is going well but that they will be normalizing very

slowly. qian: yes, i mean to some extent, the fed will be -- the fed is actually comfortable with a recent rise in the yield. restart the rise from a low level. even after the recent rise, the level is very low, very accommodative. not yet disrupting the financial market or the economy. the recent rise is because of the growth outlook and also higher inflation expectation which is an investment under the aip. i don't think the federal do anything at this moment. the interesting thing to watch is that we are expecting the fed to raise their growth outlook, growth forecast as well as potentially a smaller increase in terms of the inflation outlook. the question is, may be it will

cause a few dots to move up. the question is whether that will force the median dots to move higher so that is something i think the market will be closely watching. to a certain extent, after this moment, the fed is not overly concerned at this moment. shery: vanguard chief asia pacific economist, qian wang. thank you for your time today. breaking news at the moment. we are hearing that danone will be replacing the ceo and chairman as chairman according to le figoro newspaper. we have seen danone had come under pressure from several shareholders including this investment fund as well as other activist investors and we are now hearing that gille schnepp will be replacing faber as

chairman. coming up next, a bloomberg exclusive about infighting in politics at goldman sachs. why the leadership style of david solomon is sparking angst. this is bloomberg. ♪

>> let's get you a quick check of the latest business flash headlines. creating a new team to help

private and public companies raise money through nontraditional means. there are 20 people on the team at the moment and that will officially start work on april 1. it is based around unlisted securities as numerous ceo -- numur -- google failed to kill a lawsuit alleging it secretly collects data even if browsers use incognito mode to keep search activity private. the case says even if data collection is turned off, google has access to other tools and websites distort information. the ruling comes as google and apple face rising scrutiny over their data gathering operations. two of australia's largest pension funds are closer to creating an industry giant. the government is supporting the proposal from -- with the two funds in talks for at least a year. the sector is facing increasing

scrutiny of underperforming funds and growing pressure to cut fees and list returns. shery: we have occlusive reporting into tensions at goldman sachs. high-profile departures and work from home policies are sparking angst. david solomon is using the company for personal trips. the senior thinking reporter has this. this is supposed to be a good time in terms of business for goldman. what is going on in the culture side of things?. >> you are right, shery. the business is great. their stock is at an all-time high so their legal problems have been put to rest and yet you have a number of other situations at the bank. you have high-level senior executives who left.

as we show in our reporting, -- company jets for his personal weekend trips. the question that will continue to haunt goldman and also other firms is how flexible the world face will be after covid subsides and that's a challenge that goldman will have to deal with an address in a manner that satisfies their workforce. haidi: and how does the leadership style of david solomon in particular play into these broader themes? >> it's very interesting, haidi. when david solomon took over from lloyd blankfein in october 2018, he cast himself as a more modern chief executive officer. he famously lost the suit and tie dress code, and that was the

message he delivered but behind that, there is also the person whose career took flight at firms known to be really commercial and very different in some ways from the goldman old-school partnership style c. -- style. you have a ceo coming in with a singular focus that is different from how others in the past would have run the place. the essential decision-making process. that obviously -- senior people who have been there for years, use to a different style, and one wonders whether it will have any long-term effects for goldman sachs years into the future, even if it is helping the bottom line and the share in the short term. shery: what is going on with the use of private jets? it's not that it is necessarily

wrong. he does pay for these private trips. >> absolutely. we have to be clear about it. the bank says that every time the ceo uses the company private jets, he has to pay for it and he does pay for it, but then, there's also the aspect that the ceo risks appearing out of touch at a time -- at a time when the public at large has to abide by various restrictions, the rigors of pandemic life. you have a ceo who is comfortable getting away for these long weekend trips, using company resources. even if he's paying for it, it does not quite gel with the workforce and that is the messaging mismatch he will have to address. haidi: all right. the latest on that great story we have on the bloomberg. our senior and getting reporter

there. let's take a look at some of the stocks we are watching going into the start of trading in sydney. at the beginning of this new trading week, we are watching cba -- they are reported to be favorites according to the australian and reporting that mccoury may be among the potential bidders for invest tax loan assets business. we are watching beyonce oil players. the bullish narrative for crude seen over the past few weeks is starting to fade. shery: let's get a quick check on how markets are trading. another session of gains for kiwi stocks, talking about six consecutive sessions now. this as we have big data out of new zealand this week. gdp numbers out later in the week. watch out for sydney futures under a little bit of pressure right now, but we have rba governor low speaking at a conference later in the morning so watch out for that and for those three year yields which touched record lows last week.

after the rba fine tuned their bond lending program to reinforce a struggling yield curve control policy and that seemed to work somehow. we are seeing nikkei futures flat at the moment but the japanese yen -- with the japanese yen falling to the weakest level in about nine months, and of course, the big news out of japan will be that policy review from the boj. be sure to tune into bloomberg radio to hear more from the big newsmakers and get in-depth analysis from the daybreak team , now broadcasting live. listen via radio plus or bloombergradio.com. this is bloomberg. ♪

it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours?

...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. haidi: a very good morning. i'm haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i'm shery ahn in new york. vaccination fears grow as astrazeneca jabs are halted on blood clotting reports. new south wales finds the new infection puts hundreds and quarantine. asian markets fac