haidi: welcome to daybreak us show you. shery: and good evening from bloomberg's world headquarters in new york, i'm shery ahn. australia warns there may be a surging covid cases in sydney as millions grapple with restrictions. the state government is finalizing a rescue package for

business. haidi: fish regulators say the company is one of many not meeting money laundering regulations and china's growth slowed in may but showing signs of a more balanced expansion. shery: we are seeing u.s. futures extending the gains we saw last friday when it reached a record high. the s&p 500 at a record finishing, we had the vix falling to pre-pandemic lows and the bitcoin market has been rocked during the week. we had more news on the bitcoin fund, including the fact that u.k. has banned buying as the regulatory crackdown spreads not only in china but across the world. the wti market holding steady after five weeks of gains full we have the opec plus summit this week we are watching. expectations are there won't be that much supply but they are

controlling that closely. but it is all about the exuberance in the market. we saw that for the entire year -- the ipo market raking in $350 billion, which shattered the previous record of 280 $2 billion in the second half of 2020. that fueled by central bank policies as well. haidi: it wants -- i don't want to save bubble, but the exuberance we see even as inflation concerns are tapering. the other we are looking at his house so many results with companies and firms still using -- still losing money. raising money through the secondary and twice as much coming through. just some food for thought but you were talking about korea,

home to one of the biggest ipo markets in the world. >> it is going to be a busy second half with lga energysolutions in the back half of this year. a game maker being asked to revise an ipo filing as they top 3300 points for the first time ever. energy stocks rising at the fastest pace this year but tech, when it comes to analyst recommendations, looking at the start in asia, nikkei futures little changed. in australia, the new virus is in focus -- oh week ahead for the aussie dollar but holding a little changed right now.

haidi: millions of australians and restrictions spanning the country, including a two week lockdown in sydney. officials are warning the case count could rise with 30 infections reported over the weekend. >> given how contagious this trend of the virus is, we anticipate in the next few days, case numbers are liable to increase. haidi: let's bring in our guest for the latest. the concern is this is the delta variant and we are seeing cases pop up out of isolation. >> that's right. sydney waking up this morning and at that time, it's was to go through july 9 but there is a lot of speculation it will need

to go longer than that. 30 new cases yesterday. the premier saying that number will rise in the days ahead. we will be focused on those numbers going forward. there are contact tracers and they've done an incredible job keeping track of new cases. only one or two they have not been able to trace but it will get more difficult as those numbers rise. looking forward, people are focusing on the economic impact, numbers around 2 billion and this is going to take an economic toll on the country. shery: in new york, hospitalizations falling to the lowest level since the start of the endemic and half the population is vaccinated. what is the vaccination rollout like, we have heard complaints

it is very slow in australia. james: that it's right. -- that's right. there are complaints the national government has been slow with the vaccination rollout. latest numbers are around 14% of the country is vaccinated, which clearly lags the likes of the u.s. and u.k. what people will say is this outbreak will maybe motivate people to get out and get the vaccine, so it could be the shock that needed to happen but certainly focusing on scott morrison's government and the delay they have experienced. haidi: james thornhill. let's go to vonnie quinn with the first word headlines. vonnie: president joe biden's infrastructure deal is back on track after, threatened to derail the bipartisan agreement.

republican senators were alarmed that biden seems to be making a veto threat by making the infrastructure plant -- linking the infrastructure plan to a larger bill. but they say negotiations move ahead now that he has clarified his remarks. finance says services on its website won't see a direct ban on the u.k.. they say it is one of several crypto asset firms that could not meet anti-money laundering standards. it does not offer services on the main website. >> it was a surprise that those two got linked. it's clear we can move forward with a bipartisan bill that is probably popular, not just among members of congress but the american people. vonnie: china was -- china's industrial profit growth has

ease -- profits from industrial firms rose 37% last month from a earlier compared to 57% in april. china says it sees improvement in the data and smaller companies are recovering at a slower pace than larger peers. australia's earnings and energy and mining -- government forecasts, resource sector earnings rising nearly 8% to 254 billion u.s. dollars in the 2022 financial year. lng and coal are expected to drive most of it with iron or expected to ease from record levels. 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. haidi: we are going to get more

on the covid situation here in sydney with one of the most prominent infectious disease experts. coming up next, we will get more on the markets from the president and ceo of columbus. this is bloomberg. ♪

haidi: asian stocks look cautious as we open on this monday in asia. our next guest is focused on inflation risks. let's bring in the president and cio of columbus asset advisors. thank you for joining us. how successful is the fed at walking the tight rope. spooking that market? tony: youth the nail on the head.

as we look at this, we have the fed telling us inflation is going to be transitory, not something we need to be worried about, but as you were mentioning in your earlier segment on the profitability of some of the basic materials companies in australia, clearly you are seeing materials costs go up and labor costs. while we are not advocating to fight the fed, i don't big many people have won that battle, we are saying you need to look at some of the base effects and the inputs of material and labor and that could make this transitory time a bit longer than the fed was hoping and that is the question -- does actual inflation take root? shery: what do you think of the risk when the fed starts moving -- and not just the fed. once we start seeing reduced monetary stimulus and emergency stimulus measures from governments as well that this will impact mean stocks and

crypto as well? tony: you are right on. we -- there has been a lot of cheap money available and the notion central banks were going to be the backstop. something went wrong, here's the next rescue package to the rescue to keep things going. for us, we are fundamentally driven managers and believe fundamentals matter over time. as stimulus is taken away, you'll have to look at individual companies from the bottom up to understand who can have cash flow earnings and who can generate cash flow. may be some of the mean stocks are not going to fare so well in that kind of environment. haidi: what does that mean for the stock sales and secondary listings?

you don't blame these companies for doing it and striking while the iron is hot but is it a disaster in the making for investors? tony: i'm concerned -- i had one of our investors ask what did you think about amc and when you think about amc in the middle of a global pandemic, are you going to have several hundred people lined up to be in a dark theater together while you are trying to figure out can i get covid? i don't blame them for striking while the iron is hot and taking advantage of the ability to make these large secondary offerings, but going forward, for serious investors, it's going to be hard to buy into these if you don't see very solid earnings and a reason for these companies to be raising capital and if it's going to be general to their bottom line. shery: when you take a look at

the stimulus and tax cuts that are clearly driving a lot of the pockets of reflation or inflation, airbnb bookings, when does that start to tail off? tony: i would tell you with booking, we happen to own that in our large-cap growth fund. leisure travel is picking up dramatically and we are seeing and it notably that business travel will pick up in the second half of this year and first half of next year. we think this environment can do quite well probably until the middle of next year and for us, that's going to seem what is the new normal? are people traveling more? are we getting back to business as it used to be? you are still coming off a very low base, particularly no base with his nose travel. there some opportunity there.

haidi: great to have you with us. coming up, tesla hit by chinese regulators. nearly all the vehicles delivered there in recent years. details ahead. this is bloomberg. ♪

haidi: bitcoin is in focus again -- the u.k. banning it from operating there. the company says it won't see a direct impact. let's bring in our team editor. the reaction was a bit of a

shrug, saying they are not in that market yet. but as for the overall bearishness with what happens with bitcoin and bitcoin trading? >> it's both good and bad because it injects uncertainty into the market but there are a lot of people who say it's good in the long term because as the system gets more regulated, it will make people feel more at are about investing there. shery: what are we seeing in terms of the price action? joanna: it was able, bitcoin was able to hold about 30,000, now i think 33,000 or so. there are strategists saying -- j.p. morgan's josh unger was saying it looks like

institutions are not really buying and recent sales went from taking profits to actually covering losses. he sees a bit of bearishness but it also looks like the market starting to heal. it could be something of a bottom at this point. shery: let's turn to china. profits of industrial countries continue to grow at a solid case, but slower in may as base effects from the pandemic abated and rising costs hit small businesses. kathleen hays is here what they details. we have been talking about the uneven recovery we continue to see in china. what are these numbers telling us? kathleen: recovery is definitely taking place in year-over-year numbers may not be surprisingly strong, but comparing this year to last year when industrial profits along with other assets in the economy got crushed as

well. the latest we are getting is 36 point 4% year-over-year in may. in december, you can see the far, the number was 15.5. go to march and look at that and compare this year march to last year march, 92% year over year. when you get to 36.4, it's still a strong number. but it's important -- the profits at china's smaller companies are rising slower than bigger companies. we are also seeing rising commodity prices are helping upstream companies like raw materials producers. but if you are a downstream company driven by commodity prices, that's one of the things that is squeezing your profits. articulate smaller businesses. haidi: in terms of early indicators, what does that tell us about where the expansion goes from here?

kathleen: it looks at eight important indicators and this company is stabilizing. it's leveling off and is in fact signaling, if you want to look over the whole year, china's economy should grow 8.5% in 2021. that's a very good number. a post-pandemic number, but still strong. it is a survey of businesses, more than 500 and china and it still coming in at the second highest level since the covid outbreak. a very high number. one more thing to look at quickly -- china pmi, we will be getting that. we saw the big drawdown last year but now we are at some pretty solid numbers. the white line was at 51 --

still about 50 and growing, just not quite as fast. services are supposed to ease but still, we are going to get to the pmi and things look good if you look at exports and producer prices, they are strong and indicating china's recovery may not be blazing but is still going strong. haidi: tesla's aspirations in china were dealt a major blow after the government ordered almost all the cars in the country to be fixed to address a safety issue. for more, let's bring in tom mackenzie from beijing. i suppose the upside is its easy in terms of a software update, but what do we know about what happened here? tom: that's an important point, but we are talking about 285 thousand cars or thereabouts. almost all the deliveries of the model why that have been

delivered since january. tesla has been the key to the drive of future growth in china. the regulators said the concerns were the autopilot system could be turned on automatically and that could lead to problems. but it can be updated remotely. assess -- tesla say they can do it for free. this is the latest setback for tesla in its second-largest market. we had the protest of the auto show and a number of crashes here that have drawn some concern and scrutiny. then you have had security concerns around its cameras and some departments looking at whether they are going to allow tesla into certain compounds because of security concerns. a challenging year for the company, though it is worth pointing out in may, they did see a solid number in terms of deliveries. shery: especially after use all that support coming from authorities setting up their factories and sank -- setting up

factories in shanghai. but let's turn to europe -- a chinese battery maker has signed up for renault? tom: yes. a battery maker and wind turbine maker. they are investing about 2.4 billion u.s. dollars in northern france with renault. they are hoping to provide the batteries for an affordable range of evey's from that french automaker and will create about 2500 jobs in france. they also say they are looking for partnerships with cars beyond renault. france is strategic and this tie is central to them. it is a reminder this investment, despite the friction between brussels and beijing, investment in chinese companies does continue in the ev space where the demand for factories is hot and china is playing a major role. haidi: what lessons can be learned from this ev experience

in china? tom: there's one particular city of about 4 million people where they have about 30% of all the cars being delivered in recent years. they are electric and the city has seen as the capital of electric vehicles in china. if you think about 30% of the cars in the city are electric, that's about five times china's average, about 4.5% of all cars globally delivered are electric, so it is way above that. but crucially, they have a local carmaker, a shanghai automaker that created a $5,000 electric vehicle. you see pictures on the screen there. an affordable, cheap ev that is accessible but they have done things like test drives and given out cash incentives for drivers that drive over a certain distance, they have

charging stations everywhere and free parking. so it is how other jurisdictions can encourage other districts to take up electric vehicles. shery: tom mackenzie in beijing. here's a check of the latest business flash headlines. united airlines plays to buy more than 200 airbus and boeing jetliners in one of the largest deals. the u.s. carrier is looking to rebound its fleet. united is expected to by more than 150 737 max jets and over 50 airbus a350's ubs will permanently allow two thirds of its employees to adopt a hybrid model of working from home and the office. the ceo is said to be leading the charge in a bid to be more competitive and recruitment compared to u.s. banks. ubs will consider working arrangements based on rules and location. no date on a return to the

office has been set. coming up, we will discuss the virus situation with one of the country's most prominent inns -- most prominent infectious disease experts. this is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color

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>> you are watching "bloomberg daybreak australia." i'm vonnie quinn with first word headlines. australia has extended virus restrictions to fight the latest wave of infections. greater sydney put people into lockdown. while case numbers are relatively low, the flareup puts more pressure on the government to step up a vaccination program that has lagged other developed nations. boeing's updated version of the

long haul triple seven jetliner is facing new safety concerns with u.s. aviation regulators requiring more testing before verification. the faa is demanding they address multiple shortfalls including flight control software that apparently triggers the plane to move without pilot input during a flight. the faa says it does not expect certification until mid-to-late 2023. u.k. prime minister johnson has moved to reestablish his government authority after the health secretary resigned for breaking his own pandemic rules. matt hancock quit late saturday after he was caught embracing a senior aide in his office in breach of social distancing guidelines he helped create. johnson had initially fought to keep hancock in his job. >> i understand the enormous sacrifices that everybody in this country has made, that you have made, and those of us who make these rules have got to

stick by them and that's why i've got to resign. i want to thank people for their incredible sacrifices and what they've done. vonnie: global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm vonnie quinn. this is bloomberg. >> australians with new curbs to fight the coronavirus outbreak. restrictions expand in the country including a 48 hour lockdown, another underway in sydney. the count of new cases was comparatively low but officials warned that charlie will climb. let's bring peter: young, a member of the contraction -- infection control group who advises the government. 18 months into this pandemic come australians are kind of in disbelief about how well it was handled last year. is this because the vaccine rollout was flubbed?

is this because the chain of infection control from hotel quarantine has not been handled properly? >> i think all of the above. to put this realistic, you can never make your risk zero. the australian hotel quarantine since restricting people coming and has been successful. the decrease of risk was probably a factor of 100, but does not make it zero. we often find faults that need to be improved and again, this is a situation that realistically to maintain a situation indefinitely is not realistic. we have clusters. previously we got on top of all of them and i would think we could do that again. relative to the rest of the world, in sydney, they are having 30 new cases a day. and they locked down the city for that. we will see whether they needed to go that far or whether other restrictions with good case finding would work, but that

will become evident in the next week. as far as the vaccine rollout is concerned, we are behind compared to other countries, but equally, we have not had transmission of any note and most of us really other than a year ago in melbourne and even by world standards, that was low. we do need to get people vaccinated. the good news is people most likely to die, at least two thirds of them have had their first dose and a lot there second. in nursing homes, probably 80% or 90's -- 90% have had two doses. we are manufacturing the astrazeneca vaccine in australia. there are a million doses a week that should be available. there are 200,000 to 300,000 of the pfizer vaccine coming in. in a couple months' time, there will be a much later supply of moderna and pfizer. currently we are getting up to one million people per week vaccinated and we need to increase that. when we get more supplies, we

need to million people vaccinated per week because we need 70% to 80% of the adult population fully vaccinated. that is feasible by the end of the year. and by september or up over, the -- october, the danger period is over, and we would be in a much better position. but for the next few months, we have to move with restrictions of some degree. in my view, we want to keep control of this. haidi: you talked about complacency has the biggest issue going forward. what does that mean when it comes to potentially being seasonal? the restrictions need to be in place indefinitely? >> i don't know about indefinitely, but at least for the next 12 months. in countries that have definitive seasons, most of australia, winter is where every virus transmits more often. if i look at the northern hemisphere, that is the case with covid as well. the big advantage once we get a

large percentage of the adult population vaccinated, particularly those over the age of 70, this to some degree will turn into what influenza is every year. we see lots of deaths every year from influenza. we can do better with influenza as well. we need to do a lot of things, keep away from others when you are sick, keep distant, keep the numbers down. a lot of the rules were put in place for covid, i think we need to continue for a while longer, at least a year and probably longer. lots of other infection spread is acting the same way and do cause death and suffering. if we can, not for a lot of inconvenience and cost, in winter, do that, particularly when you are inside in air-conditioned situations, we should continue to do that. but we have to temper it. haidi:

especially as you continue to have vaccination trolling out and a slow pace. what happens >> -- what happens with these variance? with the conventional state -- strains, you would reach so called immunity -- herd immunity. is that the case like with the delta infection? >> i don't think we know the answer to that. the good news about the delta variant, if you look at the u.k. data, once you have had two doses of the vaccine, you decrease your risk of death and getting into hospital by over 90% are 95% for death. that is very good. i don't actually think these vaccines will stop all spreads. it really depends what you mean by herd immunity. i think what the really high vaccination rates mean is you have a lot less spread than if you don't have people vaccinated, by a factor of four or five. you don't get zero spread, but what you do is markedly decrease the number of cases. people who are particularly

vulnerable die much less often. you might get a mild illness and spread it on, but what we want to do is stop people dying and stop them getting to hospitals. so far, at least the pfizer vaccine and astrazeneca, based on data from england and elsewhere as well, very, very effective at stopping you dying. that goes for all the new strains including the delta strain as well. shery: when it comes to here in the u.s., we have abundant supplies, but many people not wanting to get asked -- vaccinated, the arkansas governor talking about conspiracy theories when it comes to getting the vaccine. when it comes to the public, what do you need to do to fight that? >> i think you need to convince people by various means. you need everyone just not scientists, people in the arts as well. at the end of the day, all drugs have side effects and rare side

effects, but the benefit of the vaccine, particularly for those who are older, just so obviously outweighs the downside. if you are older, above the age of 50, and you don't get vaccinated, you really are putting your life up for grabs when you basically can stop that from happening. i think we really need to convince people of that. i think one of the problems we have in society as we want solutions with zero risk. that is not true for any drug or vaccine that is not true for any drug or vaccine. these so far are very effective your 90% plus of preventing you dying -- we would have been happy with 50% year ago. yes, they have side effects, the astrazeneca can cause clots as does the johnson & johnson, but if you are in 80-year-old, you have a one in 10 chance of getting cancer and dying versus one in million chance from dying

from astrazeneca from the clot. the benefits outweigh the risks. a lot of things are much more risky that we seem to ignore for other drugs and medicines. if you like the bad publicity, it gets much more prominence than the good news. somehow we have to change that. overall, vaccination is the only way out of this. we need a safe and effective vaccine. some of it might be able to be improved, but so far, we are in a much better position now than anyone would have thought a year ago with the amount of vaccine we have available and their efficacy and overall safety. shery: reminds me of plane crash news. you have so much focus on the bad thing when it rarely happens. peeler calling on -- peter collignon thank you. the wuhan center for overall if he has become a flashpoint.

>> there was no chatter of any -- scientists are gossipy and excited. nothing strange from my point of view going on at that point that would make you ink something is going on here. shery: let's get more from health care reporter michelle cortez who wrote the scoop. tell us more about this story and what are the key takeaways from the conversation? reporter: there has been a lot of controversy surrounding the wuhan institute of realogy with implications -- virology with some implication that perhaps covid-19 emerged from that lab, either something that was intentionally created there or someone unintentionally infected who then carried it out to wuhan, which is where we all first learned about the coronavirus and the outbreaks spun off from there. daniel anderson was actually in

that laboratory in november of 2019, on the ground, and saw what happened. what she is saying is that what she saw does not look at all like what she's been reading about in the news media and some of these allegations. she said the lab was rigorously controlled. she had to go through 45 hours worth of training to work in it at all. you have to take a round of five different test in order to operate over there independently. she said she was not ever sick with any kind of a virus and was not aware of anyone else in the lab, and of course now we know how transmissible this virus is, and certainly in wuhan where they were dealing with building and her hospitals to handle all the patients -- entire hospitals to handle all the patients. you would have expected some people in the lab would have the virus if it was circulating there. she is saying she does not think it originated there. it is possible, because they do

work with pathogens and they could have somehow come about. she thinks that is within the realm of possibility but the likelihood is very low. haidi: it's very interesting because she said she's not naive, in terms of the discussion and controversy still going over the origins of this peer the fact that she said she can't write it off, does that give further credence to the cause that a further investigation needs to be had of all the possibilities? reporter: absolutely i think that's the case and that is what she is saying as well. i don't think it is giving credence to anything that is problematic, it is just an acknowledgment of the fact that something catastrophic happened to the world and we don't know why. that is undeniable. everybody knows that. we don't know where the virus came from. there's a lot of theories out there. some scientific, some conspiratorial, we don't know

the answer. i think anybody who has any type of a rational mindset would want to know the answer to this question. what she is saying, what many scientists are saying, we need to get to the bottom of this, but through an open and transparent day that is not casting aspersions on somebody, claiming allegations of people doing inappropriate things, but what we need to do is look at it from every angle to get the bottom of it. not only what we've been through and what caused it but in order to stop the next pandemic from happening as well. haidi: bloomberg health care reporter michelle cortez. coming up, we highlight sustainable futures. the new economic health list. we kick it off with south australian senator sarah hanson-young. this is bloomberg. ♪

reporter: you are watching "bloomberg daybreak australia." the asia trading day focusing on energy with rent -- brent with little change. at j.p. morgan, they forecast brent will average $76 a barrel in the third quarter and average $80 in the fourth quarter. they have boosted the global oil demand forecast for this year by

200,000 barrels per day due in large part to chinese demand. also, they see supplies staying tight at 300,000 per day, lower than initially forecast. flipping the board, after the u.s. imposed a ban on solar products from china, federal analysts see limited impact on the industry given the small amount. of china's solar exports. morgan stanley not impressive hitting -- anticipating supply shortages. any advantage for players like first solar, it will be temporary. shery: once, bloomberg will host its first new economist catalog event, debating what's next in the field of climate. haidi: and it's very timely as we start to look in the post-pandemic world and disruptions and changes happening. in australia, of course, climate

change denial continuing to be one of the stronger forces in politics. our next guest is seeking to change that. she's also a key speaker at the climate catalyst event at bloomberg. sarah hanson-young joins us from adelaide. . wonderful to have you with us. we appreciate your time. in the last weeks, there have been a number of developments that have been negative for anyone concerned about climate change, the reappointment of joyce as deputy prime minister, and at g7, the growing isolation australia finds itself in on climate change inadequacy and policy. how do you change this given the nature of politics here? >> thank you so much for having me. it is an absolute honor to be part of this new program facilitated by bloomberg. the world's challenges are huge and we need to be thinking not just what happens in the normal election cycles, but what is happening over the next decade

and decades to come. you are right. here in australia, we have had some of the most divisive political debates about climate and the environment. one of the worst parts of these are social terms. of course we are on the brink of an election being called soon and we have the conservative wing of australian politics really blocking those ambitious targets that we need in order to reduce pollution and to save -- phase out fossil fuels and get on board the clean, green future, and transforming the economy. you could be forgiven for thinking it is all doom and gloom here. of course with the federal government and burnaby joyce being elected as deputy prime minister, who of course has confessed as not really caring about climate change or climate science, and a pretty big friend of coal, but on the other, we

have state governments and state premieres of all little persuasions taking -- political persuasions taking stronger and stronger action on climate and forcing the policy debate here in australia. they've done the same thing when it comes to how australia has responded to the covid pandemic. it has been the state governments who have led the health response. i think what we will see you is state governments and minor parties really driving the change we made and forcing the federal governments hands -- government's hands. haidi: is there worry that the investment will suffer in australia? we had that bruising report saying the risk profile of australia for not doing anything about climate is increasing. does that money and pressure talk to the government? >> absolutely. at this point, it is being kind

of brushed aside and no one wants to talk about it at a federal level, but that pressure is coming and coming really hard. we know those talks of restrictions on trade negotiations are not just a veiled threat, but it's actually going to be something forcing themselves into negotiations. obviously, the eu has raised concerns about australia's level of ambition and meeting properly and genuinely. paris targets for example, and mixed rounds of negotiations, i think the pressure will become harder and faster. it was interesting over the last few weeks seeing those decisions come out from governments who went to the g7 and the lead up to that about putting on the table targets for 2030 and 2035.

here in australia, the federal government is desperate to keep the conversation about 2050 when actually what we need to talk about is what happens in the next decade. i think those trade negotiations will fall flat. shery: here in the u.s., we had more coal plants shut down during the trump administration than obama administration, just because we had a lot of movement by localities and states. what are you seeing on the ground if the federal government is not doing much? >> what we are seeing is business now chomping at the bit, really forcing a conversation about where investment should be flowing, and it is quite clear there's is no money left in expanding firepower here in australia. the problem we have is there are some businesses really digging their heels in extension of gas, but that puts us in a tricky

position when australia goes into world forums, you can't on one hand talk about reducing carbon pollution and on the other hand expanding the gas industry and gas extraction here in australia. the clean energy and renewable energy sector here are doing well. they are doing well in spite of australian government policy. haidi: so what was gauged as australian voters want progress when it comes to climate change on emissions? they don't want to carbon tax. how does that equate as we had to potentially an election? is climate going to be a key issue? we've seen it really not massive

at the time of the told ingush -- booth. >> i think it will be interesting, more and more opinion polls are saying australians are frustrated and worried about the state of the climate and the environment. only last week, a massive new survey of the public through the australia talk program was at 81% and 74% of australians worried about climate action, worried about climate change, and what the government should be doing more. similarly, statistics in relation to concerned about the state of the environment and whether we are doing enough to protect things like water security, biodiversity, and native animals. all of these things are rearing their heads again. when it comes to the election, there is some talk the election will be toward the end of the three-year -- towards the end of

this year. that will push up against the ambitions for the glasgow conference. i am hopeful that this selection , climate will be on the agenda more than ever. haidi: when it comes to the more widespread adoption of ev's, there's been heavy criticism for the state, it's a hodgepodge of policies, some incentivizing others, -- some incentivizing and others deterring, it seems. what does it take to get adoption to be mainstream? >> the electric vehicle discussion in australia is really contested right now. you are right. there are different views. we've got a federal government who just doesn't really want to talk about it, doesn't think it's important, there's no standards that would incentivize electric vehicles. then we've got some states like the state of new south wales,

traditionally a conservative government, rolling out the most ambitious plans and incentives for electric vehicles, which is really good. there is talk of similar programs running through. other states now, of course there's always discussion about how much to contribute. in victoria, the introduction of the road usage track has been bed news for electric car drivers. -- bad news for electric car drivers. but with a public campaign and as the public starts to see the benefits of incentives rather than disincentives, we will start to see government having to change their policies. shery: australian senator for south australia, sarah hanson-young. more gusts from the bloomberg new economy catalyst virtual event, and with one of india's

ceos, on bloomberg gator -- later. that's it for "bloomberg daybreak australia." "daybreak asia" is next. this is bloomberg. ♪

haidi: daybreak asia, i'm haidi stride what's in sydney. sophie: we are counting down the major market opens. shery: our top stories this hour. cryptocurrencies surge as markets short off regulatory concerns. drinksro