>> good morning and welcome to "bloomberg daybreak: australia." i am paul allen in sydney counting down asia's major market open. >> good evening from new york, i am shery ahn. more pain for bitcoin balls courtesy of elon musk.

paul: a blockbuster deal in the entertainment industry. bloomberg learns at&t is in talks to spinoff the media business and merge with discovery. shery: more australians are returning home firing up demand for property and jobs. on wall street, we are seeing u.s. futures unchanged at the moment after rising on friday. we have seen the nasdaq 100 outperform the broader index, perhaps a suggestion the recovery may be gaining momentum. deputy i still above $65 a barrel. bitcoin losing ground after elon musk's tweet. you can see retailers are in the earnings spotlight this week. walmart reporting on tuesday

followed by target, home depot, and macy's. what's out for cisco because we want to see the impact of the semiconductor shortage which may be upsetting improving corporate i.t. demand. we have breaking news. they are offering hong kong ipo shares at up to $43.36 hong kong each. this comes as the $3.5 billion ipo is set with softbank as an investor. now, we are hearing they will be raising up to $26.4 billion hong kong in the ipo. the company could raise up to $30.4 billion hong kong. they are offering 609.2 million

shares in the hong kong ipo. trump we are -- paul: we are on the cusp of the new trading week in the asia-pacific. for a look at what to expect, let's go to hong kong. >> this monday, futures adding .4%, watching to see if the japanese stocks can maintain the move on friday. aussie futures are higher after the benchmark closed above 7000 on friday. iron ore and copper take a hit on china's pledge to cool commodity prices. we also get thailand's first quarter gdp report entry data -- and trade data. the biggest drop on friday in

asia for the day. this is the government announced a return. we are keeping a close eye on crypto related names including monex in japan. shery: elon musk implied in the tweet tesla may sell or has sold bitcoin holdings, leading to a lot of volatility. let's bring in the ceo at the wealth consulting group. this chart on the bloomberg showing volatility in dogecoin, surging on elon musk's tweet, as compared to the rest of the crypto world as well. is it worth weathering the volatility for investors? is there more upside to dogecoin, bitcoin, or other

crypto assets? >> i think you have to look at crypto either as a trade or as an investor be thinking about the more blue-chip type coins you think have utility and will serve as potentially a store of value or some other potential commodity investors will want to own long-term. as far as volatility, a simple tweet from elon can move the market quickly and in a big way both up and down. if you are an investor in crypto, you already know how volatile it can be. if you are thinking about investing, buyer beware that you are entering a state that has a lot of volatility attached to it and probably more down the road. shery: this is something retail investors have been following closely. are there areas of the market the retail investor should pay more attention to? it seems to be the hot topic.

>> well, certainly, the rise in cryptocurrency, some people may look at that as a bubble. while i think there is a lot of room to go for coins like bitcoin, i think it has taken its fair share away from gold investors. i still think there is more room to run. as far as mega cap tech, you cannot get a company to perform better than a lot of the big mega cap tech names have quarter after quarter, but their stocks continue to sell off the highs. i think investors have rotated into other sectors of the market such as small cap and value stocks leading the way this year. i don't think that trend is going to end. i do believe as interest rates stabilize, big mega cap names can recover. but i do believe some stocks were pricey. diversification and asset

allocation is very important now with stocks, bonds, and fixed income. paul: on the subject of pricey, commodities having a strong run at the moment. you continue to favor commodities. how long do you see this lasting for? >> good question. we are overweight materials, industrials. even though we have had an incredible run up in certain commodities, i still think there is a lot more room to run. in the united states, the consumer is going to spend a lot , especially in relation to travel related expenditures. people want to get out there. i live in las vegas. we are already starting to see it with the economy opening up and events starting to happen early in the summer. since europe and parts outside the united states are not doing so well, as well on the vaccine and cases are higher there, the run in commodities could run

past what we will have in the u.s., so we could be looking at six to 18 months in terms of a run in materials and other sectors that are going to be in demand such as lumber. we hope lumber prices come down. but i am not sure how soon that will happen. paul: did you take last week as an opportunity to add to positions? >> i do. off the selloffs, if you are underweighted in those sectors like industrials and materials, it is an opportunity to look. if you have been heavy tech, and by the way, most retail investors are investing through etf's. a lot of incremental dollars into the stock market going through etf's. investors are getting a disproportionate portion of their money going into big names

in the united states that represent a big part of the index like the s&p 500. investors need to look under the hood inside their portfolios and make sure they have enough exposure into those areas that are commodity related that i think will run as the economy opens up and gets hotter. inflation is something we are looking for and worried about a little bit. until the fed raises rates, which might be a year or two out, we think stocks have a ways to go. shery: when it comes to commodities, should we go with a good old warhorse like energy? oil and gas up 40% this year. >> with energy, i would be concerned about the run up on energy. it is coming off of all-time lows. i think for most investors, investing into a sector type

index product or equity managed product fund in those sectors is probably the best way to go instead of trying to stock pick yourself. i think broad exposure to all those areas are good for the future. i would expect that we stay in the range on the 10-year treasury around where we are today around 1.8%. i think there is a chance we could scare 2% this year. if that continues to occur, we continue to see a selloff in big tech stock names with high valuations and more money going into sectors that are value oriented that are producing goods and manufacturing and so forth. paul: jimmy lee, thanks for joining us. let's get over to vonnie quinn for a check on the first word headlines. vonnie: the u.s. has joined

other world powers. antony blinken spoke with his egyptian counterpart. as divine also reaffirmed israel's right to defend itself -- president biden also reaffirmed israel's right to defend itself. singapore has tightened lockdown measures as it attempts to stop new cases. most schools were closed from wednesday with most children returning to remote learning. the ministry of education says it was necessary. taiwan says it is racing to contain the worst outbreak of coronavirus all trying to avoid a full lockdown that could derail the largely successful ente covid measures.

the country reported 206 new local cases on sunday. authorities put the capital into a soft lockdown racing to stop the outbreak. south africa is expanding the covid-19 vaccine rollout to health care workers and those over 60. the government will begin a mass vaccination effort at 87 sites across the country using pfizer's vaccine looking to inoculate more than 5 million senior citizens by the end of june. the johnson & johnson vaccines were delay for safety checks. i am vonnie quinn. this is bloomberg. paul: we will have more on the fight against the pandemic and the reopening of borders. an epidemiologist from the university of melbourne will

join us. plus, the blockbuster entertainment deal this week. at&t said to be in talks to spin off its entertainment business and merge with discovery. we will have the details next. this is bloomberg. ♪

shery: at&t is said to be in talks to spin off the media business and merge with discovery. bloomberg learned the blockbuster deal could be in the mix. we are talking about a broad portfolio of media assets. >> about $85 billion in media assets to be precise. bloomberg has learned the idea is to combine discovery's reality tv empire with at&t's vast media holdings and intern turn build a business that would

be a formidable competitor to netflix and walt disney. such a deal would make a major shift in at&t's prior strategy of holding assets under one roof. all of this happening in recent years. a deal could be announced as early as this week. sources close to the deal say the companies are still negotiating the actual structure of such a transaction. details could change good they also warn that talks could fall apart. the deal would also underscore the major challenge telecom companies like at&t and verizon have had finding a payoff from their media operations. at&t's stock has lagged behind rivals. the relatively new ceo has made it clear he is cleaning house and getting rid of nonperforming assets, cutting staff, and focusing on 5g.

yes it's at&t has include cnn, hbo, -- the assets at&t has include cnn, hbo, and warner bros. so it is a vast portfolio. paul: it would market surprising final chapter in at&t's rise to power in the media world. >> some are saying it is almost as if he is reversing the path of his predecessor. the streaming revolution moved far faster than at&t expected since it deal with directv and time warner. the revolution hurt at&t by luring away tv subscribers that were supposed to find the investment. at&t spent roughly $85 billion in the past few years. in 2014, they spent $50 billion on directv. in 2016, they spent a large amount on time warner. in 2017, they did not anticipate

the trump administration's justice department would intervene and hold up the deal. in 2019, they could not have anticipated activist paul singer's elliott management would step in and set up the device to chair of directv. directv was spun off in 2021 at a fraction of what at&t paid for it. bloomberg began reporting at&t is in negotiations to combine we assets with discovery. a major deal in the works and one that would undo the powerhouse built by his predecessor. back to you. shery: su keenan in new york. you can get a round up of the news on your terminal. it is also available on the mobile app. you can customize settings so you only get the news on the

assets you care about. this is bloomberg. ♪

shery: members of the u.n. security council, including the u.s. and china, have called on israel and hamas to immediately halt more than a week of deadly fighting. israeli airstrikes on the gaza strip destroyed three buildings and killed at least 42 people sunday. benjamin netanyahu suggested attacks would continue despite efforts to broker a cease-fire. >> we will do whatever it takes to restore order and quiet. we are trying to degrade hamas' terraced abilities and will to do this again. it will take some time. i hope it will not take long. it will not be immediately. shery: will all of this pressure

help? >> it was very interesting to see benjamin netanyahu on u.s. television today. it is quite a rare appearance. he is time the u.n. security council was meeting to discuss how to end the devastating cycle of violence. we heard a little out of the middle east this evening that there may be talks going on brokered by the u.n. the u.s. is stepping up efforts with antony blinken talking to his counterparts in saudi arabia and egypt, working behind the scenes. it seems everything has gone

supercharged since the saturday attack and destruction by israel of the high-rise building in the gaza strip. i think that has created a lot of international alarm and kicked this up to the next level. paul: how is the biden administration responding to the current fighting? >> it is very interesting. i tend to think biden would like to be less involved in this issue at the moment, but he is under a lot of pressure to take a more hands-on approach and recognize the concerns of both israel and the palestinians. there have been some fairly stern statements coming out, including from antony blinken, secretary of state, saying the violence must end immediately and reaffirming both israel and the palestinians have the same

idea. biden said just that. we believe palestinians and israelis equally deserve to live in safety and security. i think you might see biden get more involved. he is under pressure from the democratic party as well. we are likely to see a lot of talk and action perhaps this week. shery: here is a quick check of the latest business flash headlines. they are taking air india to court in new york to seek payment. they won arbitration against india where it found it was unfairly charged a retroactive tax. cairn says air india should be treated as the indian government's alter ego and

should be held reliable for its debt. kkr is nearing a deal to acquire it from its canadian owners in a deal valued as much as $3 billion. it is set to beat out rivals. a decision has not been finalized yet. erm is owned by private investors and alberta equity management. paul: thousands of australians are ditching jobs in major financial centers like new york, london, and hong kong to return home. there were about 25,000 returnees last year. they are making an economic impact. ditching new york for sydney, why? >> there are two main reasons. one is the pandemic. it is making all of us rethink priorities in life and the need to be closer to home.

secondly, the australian investment banking market is going through massive disruptions. there are two new startups poaching a lot of people from the established banks, so there is a need to backfill with talent from overseas as well. shery:'s that were all the bankers are going? are there enough jobs in australian banks? >> australia is a bit of a haven for investment at the moment. they are going from everywhere, goldman sachs, j.p. morgan, and these two new startups that have hired people as well. one of the coups was to hire the managing director from goldman sachs who came back to australia with a startup bank leading the natural resources team. paul: australia has had well-publicized success getting covid under control.

it is having impacts on the banking industry. national australia bank's just opened a new office. >> they opened a new office in sydney. they will be cutting back on office space. they wanted to move into a new, sustainable building in the heart of sydney. it is covid managed in terms of working space with more open lounging spaces. the bank is running about 42% capacity with people back to work. shery: coming up, we will discuss the challenges of reopening borders and the vaccine rollout with nancy baxter. she joins us next, as we see asian features gaining ground at the moment. we will discuss. this is bloomberg. ♪

vonnie: china regulators say they hope -- there is market manipulation and suspicious moves. this found -- follows reports alleging violations in the equities market. they have vowed to take a zero tolerance stance towards market manipulation and insider trading. regulators say the violations are in 65 cases. a media tycoon, a veteran activist and eight others will

reportedly pick -- plead guilty monday as hong kong authorities prosecute figures. they will plead guilty to organizing and attending an unauthorized assembly to mark china's national day in 2019. the assets have been frozen and he has been sentenced 14 months in jail. the uk's health secretary says the government is monitoring the virus variants from india while moving forward with reopening. the variants could spread like wildfire. boris johnson said the strains would jeopardize lifting of restrictions planned for june 21. india is breaking for a cyclone later this week, prompting overwhelmed authorities grappling with covid to begin preparations. the cyclone is 500 kilometers south of mumbai and is expected to make landfall with wind

speeds touching 175 kilometers per hour. india's prime minister said essential services, like power and drinking water, need to be on. global news 24 hours per day, on-air and on quick take by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. paul: moderna entered an agreement with the government of australia for 25 million vaccine doses. the country may reach a critical. -- juncture and abandon its approach once vaccinations have been widely offered. nancy baxter is the head of population and global health. thanks for joining us today. we have a number of people, including victoria's chief health care officer, the former australian deputy medical officer, a number of mp's, and

others saying it is time for australia to start considering reopening international borders. how do you view the risk? nancy: i think it is time to start thinking about it. it is not time to start opening borders because we have a population that has been un-exposed the covid-19 so if they are not vaccinated, we will be the next india if we open borders. what we need is a transparent, evidence-based plan that will guide how we will open. although there has been lots of talk from officials, nobody has given us a plan. that is what we need at this point. paul: in terms of india, repatriation plans for australians in india have resumed but all those people will be going to a remote quarantine facility. is this what australia needs, more of these quarantine facilities out of the major cities? nancy: i think we are going to

need a risk-based quarantine system, so again, we need a plan to get us there but when you, when we are largely vaccinated and when many people in the world are vaccinated, there needs to be a more bespoke approach to quarantine then, everybody is quarantined in the same place for the same amount of time. i anticipate happening is that -- what i anticipate happening is that you will have a set up where people coming in from countries at higher risk who are unvaccinated will go to a quarantine facility that has a lot of great ventilation, that don't have shared air and people who are lower risk or have been vaccinated might quarantine for a shorter period of time in a traditional hotel quarantine. so something that is risk stratified so the highest risk individuals who have a higher

risk of having covid are at certain facilities and lower risk people are at different facilities. currently, people are thinking quarantine, the need for quarantine will disappear and i don't think that will be anytime soon. shery: in the u.s., they have changed tack and have dropped the mask mandates but people are concerned about that. we don't know when people have or have not been vaccinated. what you think of this approach? nancy: i do think that is what essentially is problematic, the anti-massacres and anti-vaxxers aren't going to be honest about whether they have been vaccinated. you have this honor system that i think will breakdown in the united states, and the whole thing is that until you have a really high number, higher than they currently have come a higher number of people that are

entirely vaccinated, if you allow it to circulate by people not wearing masks, it will be out of control. it will be too much for the health systems to cope with. i understand why they are doing it, because people are really sick of the restrictions of the pandemic but also, as a way to encourage people to get vaccinated. right now, the demand is kind of underwhelming. they have too much supply and too little demand. clearly, they need to increase the proportion of the population that is vaccinated so i think it is a way of encouraging people, but i have concerns that it will lead to maybe not a full-blown wave, but definitely in increasing cases. shery: the u.s. is running out of that pool of people that actually want to get vaccinated now that the shots are widely available. how do you get there? when it comes to vaccine hesitancy or anti-vaccinations, is this about trust?

is this an issue of public health education? how do you get there? nancy: they have been doing a lot of interesting things. in ohio, they are having a lottery for $1 million every week for people who have been vaccinated. i think in new jersey they are offering free beer. there are lots of things being used to motivate people. but essentially, you have to understand why people aren't vaccinating and there is no one reason. i don't think there is one silver bullet that will get people to be vaccinated. now it starts, looking at specific demographics. your point about trust is important. people who are vaccine hesitant versus anti-vax, some people you will never reach but there are some people who are vaccine hesitant. working through the health care practitioners, the family doctor is an important way to overcome distrust, to have someone who they have a relationship with talk to them.

that takes time, and in a pandemic, time is one of your most precious resources. it is hard to wait because waiting for people to get vaccinated means you will have more cases and more people dying of covid. i think there is also the political element, where you have republicans who don't want to get vaccinated. it seems kind of ridiculous to say, but it is true. i think there needs to be some type of political change and political discussion about getting republicans vaccinated. i think that will make a difference. paul: in terms of vaccines, we are hearing news that some vaccinations in india are being canceled because of a cyclone approaching the area. what is your assessment of the situation in india? when do you anticipate things will start to flatten out there? nancy: the whole thing about india is, right no vaccines are

not going to change the tide. vaccines are something that changes the tide in 2-4 weeks. they need critical measures, nonpharmacological measures to change things and that is locked down. even so, that takes a couple weeks to have the decline and remember, it takes 2-3 weeks for people to get really sick from covid. i think you are looking at a month before we really see improvements in the hospitalization, the ability to really care for the people that have covid in india. it is a horrific situation. eventually, vaccination will help them get out of it, but in the short-term, vaccination is not the way out of a peeking a pandemic. it is -- a peaking epidemic. it is the lockdowns and masks. shery: whether it is india or other poorer nations, that access has not been there.

we have heard about these waivers, these temporary waivers of intellectual property for vaccines. is that the way to get excellent double -- equitable access to these vaccines globally? nancy: i think there are many different schools of thought about how critical the ip is to vaccine distribution. i think the problem is largely a lack of will. and a desire for countries, even the darn team crisis, like australia, to have a very robust supply of vaccines, many more than we actually need for our population. and i don't have the solution, but certainly, i say frequently that we all have to have a global perspective, because if the pandemic is out of control anywhere, none of us are safe. you see in india, you have the new indian variant, it is

considerably more infectious than the kent variant from the u.k. and we see now, the indian variant is taking over in the u.k. just as they are about to open. most people are not vaccinated under 50 and if they open as they were planning based on the last variant they had being under control, they will have a third wave. it will be a third wave that kills a lot of people between age 40-50. i think unless we really have some control globally, we will always be having these variants, we will always have to get the next vaccine or go into the next lockdown because we just, the pandemic is going to continue to rage out of control. i think india is a good example of that, where they have been producing vaccines to be distributed elsewhere, but what we really need to focus on is getting the people of india vaccinated now and that needs to

be a global priority. paul: the containment of the pandemic in australia was relatively successful, but i want to get your views on the vaccine rollout, which has been very slow. particularly the messaging around the astrazeneca vaccine, do you think that was handled well? nancy: i think the one thing is, the government was in a challenging situation. the australian supply of vaccine is primarily based on astrazeneca. they kind of had that on a number of different vaccines, but the one they have supply of, that seems to be effective, is astrazeneca. they have a large supply of that, and unfortunately as we know, slightly less effective although i think that is not as important as the complications. you have the vaccine induced serious concern, a rare side effect but it is a serious side effect if it occurs.

originally, they thought it was less then one in 100,000 but it seems it is more common. it is a low risk, if you were in india and the pandemic were out of control, it would make sense to take the low risk of those problems to decrease your risk of getting and dying of covid. in australia, it is different. we have zero risk of covid right now so accepting any risk of vaccine side effects, people are doing the math and they are not seeing it come out in favor of astrazeneca. so you have these mass vaccination clinics, they are giving astrazeneca and it has been hard to get people to attend. there are not long lineups waiting for astrazeneca. i think the they were giving out pfizer to people over 50, the lines would be longer and that is why they ended up accessing more moderna. we talked about the shipments of modernity that will be coming to australia, that is new so they didn't have a contract modernity

before. they have negotiated it and before the end of the year, there will be 10 million doses of moderna coming to australia. i have a feeling they will open up vaccination to all age groups or mrna vaccines at the end of the year, then they will have to have a plan in place to vaccinate everyone very quickly. shery: dr. nancy baxter, thank you, head of melbourne school of population and global health. we focus on india posco crisis with the national vice president of an organization. that is 11:40 am in hong kong. ahead of the asia trading day, we have sophie kamaruddin in hong kong. investors are selective on emerging markets. what are the bright spots? >> we have seen appetite for emerging market assets with the gauge of em stocks following since hitting a peak in february. there is scope for meaningful

returns if there is differentiation, and they are seeing exposure, which is key. they say taiwan and south korea are attractive. at j.p. morgan, taiwan and south korea and india remain the fundamentally strongest markets in asia and their market preference framework, jp morgan seeing upside opportunity for taiwanese stocks after last week selloff. -- last week's selloff. paul: sophie, singaporean stocks slapped on friday as fresh curbs were imposed. what is the outlook for equities? >> the anticipated drop for mobility and retail in singapore on these fresh virus curbs, you have the potential that there could be even longer and stricter measures to contain covid. citi flagging cautions on

tourism and transport as well as commercial retail facing the biggest impact with waivers seen as a drag on that space. citi maintaining a preference for banks, which have seen -- have been seen as less vulnerable in singapore. syntel remains a key restructuring play, but citi says be cautious when it comes to the reopening. we have transport, tourism, commercial retail looking under pressure. paul: still to come, china pushes back against allocations -- allegations of forced labor. we will take you inside factory as -- a factory as it opens its door to outsiders for the first time. this is bloomberg. ♪

shery: allegations of forced labor in the region of shin jong. beijing denied the claims but a potential sanctions loom. a big factory has broken ranks. it is letting people inside. our correspondent reports. >> and most other parts of the world, factory visits like this are routine. not here. we are in a region of china

where the government has been accused of numerous human rights abuses against the muslim uighur population, including forced labor in the solar industry. china denies the claims. one of the country's biggest solar companies is betting on transparency to neuter the criticism. the company has not been directly linked to xinjian's labor transfer program. this is the first solar factory in the area to open its doors to foreign media since the allegations of forced labor in the sector surfaced. behind me, you can see the materials that will ultimately end up in solar panels all over the world. business has never been better at this company. demand for the u.s. listed company's products is so strong that the factories are running at full capacity, a profit -- and profit margins are above

50%. the stock prices lagged with a massive plant in a region synonymous with abuse allegations. the company risks being tainted by association. that has left it in the geopolitical hotseat, and the cfo is trying to reassure anxious investors. >> most of the impact is to investor perception, which has an impact on our share price. it is discounted. >> it is lining up art occurs -- auditors. executives hope an independent assessment will insulate the firm from u.s. sanctions on the solar industry and -- and outcome they see as likely. >> we haven't participated in any of the labor practices. >> would you if the government asked you, and leaned on you to say you need to be part of this program? >> we are a foreign invested enterprise. we are not obligated to follow

the government orders unless we want to. i would say morally and in principle, we are a company that, we are high integrity. we will not participate in these types of programs. >> selecting auditors is a first step. getting them into china, and securing access to key facilities, could be challenging given the closed nature of this region. what is clear is, the issue isn't going away. in xinjian, tom mackenzie, bloomberg news. paul: tom joins us from beijing with some more on the story. tell us, what was the atmosphere like on the ground? >> this is a region where it is relatively difficult for journalists to operate. it was relatively tense. police came on the airplane and

went through our passport details, took copies of those. they took our phone numbers and asked what we were doing. there were police checkpoints on the road. our documents were checked and in that town, we were followed, presumably we can assume by security operatives, and we were surveyed again in the regional capital wednesday. we saw in that city, police officers and training, they had wooden batons. there is a lot of police presence and surveillance. this is a region where the u.s. government accuses china of committing genocide. china strongly denies those claims. when it comes to forced labor, china is pushing back, saying there is a labor transfer, but that is aimed at helping ethnic minorities to improve their work outlook and wages.

in terms of the company, they have not been linked to this, but this was an effort by them to increase transparency. they did have to ask permission from the local government for us to visit and they were hoping that by getting a scene, they were able to show that we run things in a professional manner. there is no forced labor and we are being transparent. that was the hope. shery: i was wondering whether in xi jinping's china, they could have brought you and without the central government. how much is this a push for greater transparency by this company? >> it is a gamble. this is one of four companies in xinjian that produces about 50% of the world's polysilicon, this material that goes into solar panels. lawmakers, leaders across the world are pushing for more climate solutions and solar panels will be part of that. this is central to the supply.

to reemphasize, this company has not been linked to forced labor. the other three, their competitors, have been so the gamble, the risk for this company is that by getting auditors and journalists in, they are validating claims of forced labor but the chinese government says those are lies. shery: tom mackenzie joining us with great reporting from xinjian. do check it out. plenty more ahead. this is bloomberg. ♪

paul: a quick check of the business flash headlines. sources say at&t is in talks to spin off its media business and merge it with discovery inc. a deal could be announced in a merger that would combine discovery tv's reality tv empire with at&t, making this a major competitor of disney and netflix. this would mark a departure for at&t's strategy of building its own media empire, including its acquisition of time warner. australia bank is opening a new headquarters in sydney. it wants to consolidate its workspace longer-term to match more flexible work arrangements. they are progressively bringing back staff and running at an

average office capacity of 42%. coming up in the next hour, we will talk strategy. the ceo says market dynamics may be different. we will talk to a strategist.

>> good morning. we are counting down to asia's major market opens. shery: welcome to daybreak asia. our top stories, more paying -- more pain for bitcoin, elon musk implying that tesla may sell its holdings in the cryptocurrency. singapore and taiwan unde