>> good morning and welcome to daybreak australia. we are counting down to asia's major market opens. >> i am shery ahn. investors weigh omicron concerns

as markets get set to kick off trading in 2022. >> china's property developers face mounting woes. >> tesla caps a year in which the ev company topped the trillion dollar club. i speak for everyone else where we say that we hope the new year will be better than 20 21 although covid-19 continues to rage on and we will -- and we may see people continue to work from home. oldman about to backtrack asking -- goldman is about to backtrack about to ask employees to stay home until january 18 if they can. and flight cancellations around the u.s. given that staff shortages have occurred.

>> cases in australia dwarfing what we saw with the delta variant. we had 18,000 new cases in new south wales yesterday and more than 7000 in victoria. hospitalizations about where they were with the delta wave but even scott morrison has said that someone in his household tested positive yesterday to covid but according to the new rules come he doesn't have to test or isolate. >> let's discuss the virus situation with ian fisher. you are in the u.s. and we continue to see record cases with new york state also chattering its record. are the regulations keeping up? ian: i don't see much of a move

to impose that many regulations. because there is not really a federal responsys, it is sort of left up to the states. the closest that things have come -- or a hint of it came from biden's top medical advisor saying they might require testing for asymptomatic people before they go back to work. they had shortened the isolation period from 10 days to five days after a positive test for asymptomatic individuals. there is a lot of pushback on that. but we have to remember that these are just guidelines. and it is not like anyone is being forced to follow them. you go state by state and there

is a real reluctance among governors including in new york to impose new restrictions because people are sick of this. things are really bad in terms of cases but [indiscernible] paul: the case numbers very confronting. how does a compare with the number of people in hospital and in icu? ian: well, that is really the million dollar question. anthony of how she pointed -- anthony fauci pointed that out today. hospitalizations are rising in the u.s. somewhat substantially but well below the peaks we saw earlier particularly with the delta wave. fauci said today that hospitalizations really are going to be the measure of the

focus of the omicron variant. in south africa, we saw spike and go down very quickly without a lot of pressure on the system. that does not seem to be happening elsewhere. in europe and across the u.s., they are rising. the cases appear to be milder. still, it puts an enormous amount of pressure on the system and the economy. people are going back to work and school is starting back on monday and this is highly disruptive even if people, at the moment, are not getting quite as sick. paul: bloomberg editor ian fisher with another on the -- a lot of public holidays around the region at the moment including here in australia. also a public holiday in new zealand. japan and china and vietnam also

have markets closed. we can look at currencies. the kiwi dollar, 68.35 versus the greenback. look at the aussie, performing reasonably well as well. .7264. the japanese yen showing a little weakness against the u.s. dollar. across the traditional risk barometer. shery: all in all, it was a down note for the close of 2021 but you have to take into context the big picture. we still had one of the best years out there. the nasdaq 100, a gain.

this chart showing the biggest gainers of 2021, microsoft leading the gains adding $870 billion to its market cap. apple, very close to that. the s&p 500, it was all about the big caps ahead of the nasdaq composite its best performance in 19 years. paul: let's get back to the current virus situation. it is becoming more challenging for wall street firms to stick with their return to office plans. goldman sachs come up one of the big returned office champions being forced to reverse course. >> good morning and happy new year to you this first monday of the year. as people start thinking about going back to work, goldman sachs, being one of the big champions of trying to get people back in the office, is

now doing a backtrack. goldman which just last week said they wanted people in the office and they wanted people to get a vaccine booster before coming in, is now saying that if employees can work from home until january 18, if possible. it comes as there is a spike in cases and goldman saying on sunday to employees at as we continue to monitor the trajectory of the spike, we encourage those that can work effectively from home to do so. shery: and it is not just goldman sachs. some other wall street banks also turning more cautious as we have this new wave of returned office deadlines being reversed. what will that mean for them? >> it is only for a few weeks right now. remember, throughout last year

and the year before, these banks had racked up record profit. ask your, it was a record year at more than $5 trillion of volume globally. but these banks are setting back the deadline to return to the office. jp morgan is offering employees the option to work from home. they are expected to resume in office schedules by february 1. citigroup allowing employees to work from home for the first few weeks of the year. and bank of america has said that employees can work from home this week. shery: let's get to vonnie quinn. >> china's property developers need to find $187 billion in january to cover maturing bonds, trust products and deferred

wages to millions of migrant workers. that is a bigger bill than the last two months combined. beijing urging the avoidance of social unrest. the property market remains tight. oil analysts expect opec and its allies to revive more supplies when they meet next week. a bloomberg survey suggest the 23 nation alliance is likely to proceed with a modest monthly hike of 400,000 barrels per day. several national delegates also say they expect the boost will go ahead in february. kim jong-un has urged north korea to focus on easing food shortages. in downbeat new year's remarks that suggest nuclear discussions with the u.s. are a low priority. he also said economic projects are under difficult conditions,

a rare admission of the strains his government is facing. south korea says an unidentified person has crossed the fortified border into the north. military says the person was captured. on the eastern front. troops failed to locate the person. seoul has asked pyongyang to ensure the safety of the person. 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 am vonnie quinn. this is bloomberg. paul: getting you an alert on the bloomberg terminal. the latest virus numbers for this monday in australia. the state of new south wales reporting 20795 cases. case numbers continuing to look confronting. 1204 people in hospital.

and 95 people in the icu, still proportionally small compared with the daily caseload. in victoria, 8577 new cases in the last 24 hours. 491 in victoria in hospital and 56 of those in active icu. we will speak with an australian expert later who says it may be the most infectious virus we have ever known. up next, what to expect in 2022 as markets reopen. peter tchir.

paul: let's take a look at what

to watch out for in the week ahead. we will be getting a host of data including singapore is gdp, australian house prices and taiwanese cpi. the newly hawkish fed will release its december meeting minutes on wednesday that could flag a path of more aggressive interest rates. opec-plus holding its meeting. the crude futures have almost recovered all the ground lost since the end of november. shery: in the u.s. labor market part -- labor report for december will be released on january 7. the latest report on employment benefits show they fell illustrating solid labor demand despite the latest wave of covid infections. labor shortages have -- robust demand for goods and services. that has driven new and --

unemployment claims to their lowest level since 1969. bloomberg intelligence has forecast the jobless rate with the labor market continuing to tighten in the new year. heather, a member of the white house economic advisory group says we are seeing in norma's progress in reducing unemployment. >> we have made enormous progress and what we have seen is the unemployment rate has come down and people have gotten back into the work force. you see that in the numbers of people that need to claim unemployment benefits. this is good news. it indicates the trends we have been seeing all year, the job market getting back to where we needed to be has been ongoing. paul: that is your week ahead. shery: the prevailing view across wall street is that the new year will be a bumpier ride than 2021 but let's get some analysis from our first guest.

peter tchir joining us now. tell us, what will be the big drivers for this year. peter: overall, we will see china continue to re-centralize and reinstate the communist party and decouple from the global economy. the last two decades have seen china as a deflationary power in the world. it has gone from deflationary to at best not inflationary. sustainability and the esg spending is going to be inflationary because we have to build up new energy sources. we also have to maintain the existing energy sources. i see high inflation but good job growth and a lot of possibility for the u.s. emerging market so i am fairly positive despite a less friendly central-bank environment. shery: less friendly but how aggressive in terms of

tightening? what will that do to the markets? peter: i think they will be cautious to hike. it is easier to talk about hiking for the bank of england. i think the u.s., powell is going to do a good job trying to appease politicians. inflation has become a hot button. i think he understands the need to be inflationary is there as we kick off growth. lust, a lot of the inflationary pressures have little to do with federal monetary policy. i think he is going to be cautious and i would be surprised if we get two rate hikes this year. paul: where do you see inflation stabilizing and when? peter: i think we are going to be and this 3%-4% inflation average for the next couple of years. things have changed. the buildout of sustainability,

the scrutiny of supply chains and constantly thinking about how we are treating workers, pollution, carbon offsets are shy think that is a multiyear inflationary environment. over time, we will have better energy resources that are renewable that i think this is a 2-4 year window where we will see constant pressure on inflation. that is where i see the next 2-4 years, in the 3%-4% range. paul: in terms of inflation and supply chain risks, do you see nera risks with the omicron variant? it is not an existential risk. it is laying a lot of people off work. do you see this having an impact on the supply chain in the near term? peter: i was always worried about consumers pulling forward demand.

companies are aggressively building out inventory. i think ultimately this will switch us from a pandemic to an endemic. there will be hiccups. concerns with airlines. i think the magnitude of the number of cases come even though it is not resulting in hospitalizations, is causing so many people to be cautious but it could impact numbers in the first few weeks of the year. shery: would you stay away from the reopening creates for the time being? peter: i think the market already saw omicron much different than the mainstream media, certainly the politicians late in the year. and i think that is going to continue. the market will say that anything that is omicron related we can get over. the final transition from pandemic to and i make will provide great opportunities. i think that is how the market

will react. shery: what about in emerging markets? you think the fed may back off and hike more slowly. what does that mean for the u.s. dollar and its impact on developing economies? peter: a weaker dollar generally helps those economies. if we are spending too buildout sustainable energy and maintaining existing energy infrastructure is for an example, there will be a lot of demand for raw materials. i think particularly when you look at the u.s., you will see a supply chain shift. away from china which should benefit other countries where you will see the u.s. looking at repatriating some domestically and some to mexico and canada and also to other emerging markets. even how i'm urging markets underperformed last year, i think it is a great opportunity. china still concerns me. they are focused on re-centralization.

i don't think evergrande was a moment. this is something china will be dealing with for months to come which will make it less friendly for investors. paul: do you see any opportunities at all in china? you can pick up some reasonable bargains there at the moment. peter: i think i would hold off right now. when i look at some of the etf's, you have seen these continued influences. you have not seen a capitulation. everyone is saying, it is down 50% or 60%, i should buy more and i am waiting for more of a washout. a gut check. i think we get another pullback before that happens. maybe after the winter olympics, we could get valuations where i want them. paul: just to return to one of the key words of 2021, "rotation ." peter: i think a lot of the big

caps and stocks that have benefited most from the fear of missing out, you will see some pullback. you have seen some you asians stretched already. i think we will see people looking to do simpler stocks. more i can understand this company, the more i can appreciate its value. i think that is going to be a big rotation we see as we start the year where a lot of the underperformers rally and outperform what was the end of last year's winners. paul: all right. peter tchir, thank you for joining us and being our first guest of 2022. you can get a roundup of the stories in today's edition of daybreak. bloomberg subscribers can get a daily go on their terminals. this is also available on the

bloomberg anywhere app. and you can customize your settings so you are only getting news on the industries and assets you are interested in. as is bloomberg. ♪in. as is bloomberg. ♪

shery: here's a quick check of the latest headlines. at&t and verizon have rejected a u.s. request to delay the launch of a new variation of mobile five gu service that airline say might interfere with airlines electronics. the ceos of the company's say they are willing to pause deployment. tesla delivered 308,000 vehicles worldwide in the fourth quarter smashing its previous record. the better results pushed total sales to more than 936,000.

87 percent higher than 2020. elon musk tweeted to thank the tesla team worldwide. it has been perked -- pushed into the $1 trillion market value share. airbus ended 2021 with a lead over boeing helped by a flurry of orders in the last two months of the year. the wing had -- fueled by pent-up demand for its 737 max jets. bloomberg calculations show that later orders helped airbus edge past the u.s. playmaker by 58 aircraft. coming up next, we speak to an expert from the australian national university who says omicron could potentially be the most infectious virus we have ever known. we will discuss how health policies can adapt next as we continue to see a surge in cases

around the world. this is bloomberg. ♪this is bloomberg. ♪

♪ >> it's been very difficult to really predict on a weekly basis how cases are going to go. there is some data out of south africa showing that the surges have fallen of as fast as they have increased. hopefully that is going to happen in other places as well too. >> i hate to say we throw in the towel and expect that everyone gets it. that's not what we want to do. we have to double down on the masking, we have got to really emphasize and encourage

vaccination. >> antibodies are the body's natural defense molecules. after you have been vaccinated or infected, your body spreads antibodies all over the better to protect yourself against getting reinfected. so with modern technology we can go in and sample the blood and pull out infection-fighting cells, white blood cells, we can make a single antibody that can do a job for a particular virus. that a single antibody is called a monoclonal antibody. >> if we continue with having so many cases in the population not vaccinated, we will continue with this pandemic and in fact we will need to jab ourselves more often. paul: there are some health experts speaking on the surge of omicron cases around the world. australians are being forced to monitor themselves, self-isolate or face long queues for tests after various numbers have surged over the holiday period.

our next guest says there is science behind some of the changes now that omicron is here . the infectious disease physician and professor sanjaya senanayake joins us now. considering how mild omicron is, how many of the people that are being forced to isolate or go home and take a test are actually not feeling ill at all? >> wouldn't have the data on asymptomatic and symptomatic, but we know that it is a mother illness. 80% of the cases who are hospitalized, it is a times less than what we were seeing during our delta peak back in september. at the same time, it is highly infectious. it was predicted that it was four point two times more transmissible than delta in the

early stages of infection. if that holds up, that makes it one of the most infectious diseases we have ever known. paul: we have heard from yesterday and treasure this morning, and he says that he hopes omicron is the bridge between this pandemic becoming endemic. how realistic is that hope? sanjaya:? sanjaya: it is a possibility? sanjaya:. it is a bit nerve-racking at the moment, because we have seen infection numbers, particularly in new south wales, claim from 150 less than four weeks ago to 1200 today. very quickly. we also know that in south africa, it peaked three weeks into their wave of omicron, then it started to peter of. . i think all of us around the world are hoping that will happen here. if that is the case, it will make it much easier to live with omicron. i am very glad that omicron appears now when we have highly

vaccinated populations, because we know vaccines protect against hospitalization. from omicron if a record appeared in 2020, we would have been in trouble. sheri: i have to take several covid tests last week and the week before and i had to make a line in the freezing cold here in new york for two-plus hours in order to get the pcr tests which are a requirement for many places. do we need to move away from these pcr tests to something that is more available not only here in the u.s., but around the world, given that you say the omicron variant is much, much more contagious, and at the same time, much milder? sanjaya: you make a very good point. what we are finding in australia as well is that while pcr test incapacity is being overwhelmed by the sheer number of cases, in new south wales, where sydney years, we have 20% of tests being positive, which is

extraordinary, because a few weeks ago, it was well under 1%. so we have to start thinking, what else can we do? rapid antigen tests are the solution. they are not as sensitive as pcr tests but they are more likely to determine when you are most infectious. even if you got covid early on, if you have a rapid antigen test that is negative, you are less likely to be very infectious than when you're rapid antigen tests is positive. sheri: we talked about the potentially milder symptoms of omicron. given that also a lot of people are vaccinated, not to mention many young people get it, right, what happens in developing nations where many people are not vaccinated, most of the population in some cases, and perhaps the older population? is it as deadly and as bad as the delta and the previous variants? sanjaya: because unfortunately a

lot of those nations don't have as good public health infrastructure, we will not be able to get a lot of that data, but of course, south africa is where we saw this omicron waved initially, and we haven't seen a big increase in deaths in south africa now that they are over their peak. . and of course, they don't have very high levels of vaccination. at the same time, it is a particular type of population. there may be genetic factors protecting them, there may be exposure to other coronaviruses or previous strains of sars-cov-2 that have made a difference. and of course, it is a much younger population in south africa so it is hard to generalize to other parts of the world. paul: what about those parts of the world where we do have good data and good vaccination rates, is there a concern at all that the vaccine does not perhaps offer a defense against omicron that we might have hoped? sanjaya: well, we know now from

the u.k., because they have had lots and lots of cases, we got some data about hospitalization and protection against hospitalization from omicron by vaccine. and if you had your booster dose, two weeks after your booster dose, you have about 88 percent protection against hospitalization, which is great. if it is within 25 weeks of getting two doses of your vaccine, from the u.k., pfizer or astrazeneca, it is about 70%, and then drops to 52% for 25 weeks after two doses of vaccine. so even then, even though it is not as good as delta, that is still pretty good protection against hospitalization. the data against protection from symptomatic infection, where you don't need to go to hospital, you just get covid and suffer at home with it, the vaccines are not as good as they were against delta, although a booster two weeks after boosting, you are

getting about 75% protection. sheri: i keep hearing that perhaps the omicron variant is good news in that it could replace the more severe strains. do you buy into that narrative? sanjaya: well, it depends if we get that peak like we saw with delta. if we don't, and the cases continue to rise, a small percentage of hospitalization of a very large number is still a very large number, and health systems could get overwhelmed, and a lot of health-care workers around the world are exhausted by what has happened since 2020. so let's wait and see. but what is so important aside of the fact that there are some part of the world were only about 3% of the population is fully vaccinated, it is there that the virus can circulate, the virus can replicate, and the virus can mutate and something will overtake omicron. and it might be even more

efficient at evading the vaccines. we have to keep an eye on global vaccine equity. sheri: so important right now. dr. sanjaya senanayake, thank you so much for your time, australian national university associate professor in infectious diseases. that's got to the first word news with vonnie quinn. vonnie: thank you. australia's prime minister is monitoring for covid symptoms after a positive case was detected in his sydney. residence scott morrison was advised to be on alert after an infectious person attended a press conference there on wednesday. and at the state's recently revised guidelines, he does not need to isolate. singapore reported more covid-19 infections among travelers from abroad than local patients for the first time in six months. 260 cases were noted by the health authority on the first day of 2022, compared to 187 community infections. singapore has posed ticket sales

via its vaccinated travel lanes until february. u.s. travel delays continue as winter storms ripped through the country, as well as staff shortages for the airlines. more than 2000 flights into, out of and within the u.s. were canceled out as of midday sunday, and topple over 5600 delays posted. this is according to the tracking firm flightover.com. this comes as thousands of travelers attempt to return home from the holidays. this company is asking u.s. employees to work from home if they can until january 18, after most of the bank's major peers adapted a remote policy as omicron variant spreads. it is one of wall street's champions of getting staff back into offices. 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 am vonnie quinn. this is bloomberg.

sheri: it may be a new year, but repayment challenges persist for chinese property developers. the industry needs to find nearly $200 billion to cover mounting bills from bond maturities to back wages. our chief north asia correspondent stephen engle joins as now from hong kong. stephen, it is a new year, but it is kind of not for these property developers? stephen: know, it is the same problem. again compounded because of the bills ever coming to. this month alone, the bond maturities and the bond coupon payments for january alone that are coming to our more than double what was due in the last two months combined. we have a lot of potential stress, especially after evergrande and kaosa and others have already defaulted on their dollar bonds.

and also coupon payments are due in january. the list is long. too long to list here on television. you can go on the bloomberg terminal and see it. the bulk of that $197 billion that these stress developers need to pay in january is wages. many of these property developers have held off paying their workers through their liquidity and cash crunch and their bond liabilities leading up and threw those defaults i just mentioned. 173 billion of the $197 billion are due in back wages by the end of the month. the chinese government is urging , probably even stronger than urging these developers, to prioritize paying these wages, especially coming up to the lunar new year holiday which starts at the end of january and runs through the first couple of weeks of february. that's what also happens during that time, the winter olympics. the chinese government does not want social unrest.

so we have worker wages at the top of that list, followed by dollar bonds and onshore bonds. i will not say which will be given the priority, but you can probably guess by the payment schedule we saw in the last quarter of 2021. so lots of stress. and the big question, how are they going to pay for it? paul: alright, our chief north asia correspondent stephen engle there. still to come, tesla races ahead of wall street estimates, smashing its previous record amid a wave of demand for evs. more on that next. this is bloomberg. ♪

♪ paul: you're watching "daybreak: australia." time for morning calls ahead of the start of the trading day. invesco thinks it is possible that asian stocks outperform global peers. they say regional economies should start seeing greater benefits from reopenings. the rebound could also be aided by lower valuations. the msci asia pacific index underperform its global counterpart or 20 percentage points in 2021. sheri: and looking at one particular sector, transportation, our columnists

at bloombergnef expect sales for commercial electric vehicles, the ones using batteries or hydrogen, to increase more than 50% in 2022. . that is the baseline for 2021 by over 150,000 commercial evs sold. they also they also see planes going up. tesla handily smashed its previous record for global deliveries. this puts a cap on the year when they joined the $1 trillion valuation club. for more let's bring in our bloomberg reporter. what does the latest vehicle delivery reports tell us about the company's overall performance? >> there are two lessons. the demand side, this means tesla is going into 2022 with a lot of tailwinds. people really want to buy their cars. the other issue is on the supply side.

they had to cut production in 2021 because of semiconductor shortages. here you have tesla ramping up production. it is a testament to the lady had been able to navigate the problem -- it is a testament to the way they were able to navigate the problem. paul: how did the estimates get it wrong? >> that is something people will need to be pouring through. presumably we will get extra insights in the weeks to come or at least the next time tesla report earnings. it is a bit of a question mark. is there any sense that some january sales may have been pulled forward? that is not the way analysts are reading it so far, but it belies the question, because the total number really was quite far ahead of expectations.

sheri: what are we expecting in 2022, especially on which markets will be the best performers with tesla? >> there, again, that is one of the big questions facing tesla. if they don't record their sales by market -- they don't break out their sales by market, but we know the u.s. and china were there biggest markets. as we learn more about the fourth quarter figures, one thing we may learn is that sales in china were particularly robust. there will be more details to come in that regard. tesla should be positioned at least in the foreseeable future to continue with some pretty healthy numbers in the longer-term. time will tell. paul: bloomberg reporter brendan case there, talking about those really healthy numbers for tesla. a very good year.

year on year, tesla stock is up 50%. tesla joining the very exclusive $1 trillion market valuation club. they did recall more than 100,000 cars at one point over the year. and there were those record deliveries for the fourth quarter. elon musk is almost done with his share sales as well. sheri: it was a great year for tesla, but it was a great year for elon musk himself. in fact, it was a great year to be a multibillionaire. we are talking gains for the richest people in the world, about $1 trillion for the world's 500 richest people. and elon musk,'s wealth soaring into levels we have only seen being achieved by john the rockefeller. so this is really historic gains. a year change to his wealth of 75%. just the rich getting richer, paul. paul: yes, paul not feeling

quite so well, though. you can watch more on this on our bloomberg terminal by using the function tv . you can even send us instant messages during our shows. this is for subscribers only. check it out at tv . ♪

>> take a look at crypto assets right now. bitcoin had earlier declines, about $47,000. ethereum also above the $3800 level. we set the bloomberg galaxy index finished lower by more than 2%. put into context, bitcoin and 60% in 2021. suffice it to say, it was iraqi 2021. we had really huge gains in the beginning of the year, just to fizzle out towards the latter part. we are talking about losses since 2013, down 20% for bitcoin. paul, it is really a wild ride. despite the uncertainty, we continue to see more investors turning to crypto. paul: yes, some of them are turning into agnostics at the very least. you might remember the billionaire who took out a

full-page ad in the wall street journal in 2017 warning about the risks involved in cryptocurrencies. now he is a buyer. his book is to percent or 3% in crypto. he says it could go to zero, it could go to one million, i have no idea. sheri: yeah, i mean, we continue to see names like ray dalio as well, really have that fomo, fear of missing out, right? more and more people see the volatility, but they are interested in trying to make something out of it. paul: yes, it is a story that will not go away in 2022. we will continue watching the 14th of cryptocurrencies. now let's get a quick check on the latest business flash headlines. david beckham is selling it 55% stake in his company to authentic brands group for $270 million. according to the deal, authentic will take a majority stake in

the company, which handles the former soccer star's endorsement deals for watches and whiskey. authentic owns brands like forever 21 and juicy couture. microsoft fixed a bag that caused messages to get stack. the company said the problem was not security-related, instead blaming a date-checking failure. there were two updates for both client and individual servers. microsoft has not said how widespread the issue was. the latest spider-man film held onto its latest spot in the box office in north america for the third week in a row. a generated $52.7 million over the weekend for the u.s. and canada according to so many forecasts. box office sales of $4.5 billion in north america based on estimates, about double 2020's pandemic. sheri: totals very little movement across markets.

-- very little movement across markets. we are watching the japanese yen , weekend to the lowest level in a month ago to the u.s. dollar and is right now holding at that 115 level, which is really interesting. we continue to get these calls of a weaker japanese yen given the monetary policy divergence that we might see sharpen in 2022. we are also watching the aussie-yen. not a lot of change there. low-volume still because of the new year holiday. we also have the aussie and the kiwi dollar closing down 5% to 6% for both currencies from a year ago. but the aussie dollar and the kiwi are supported by more strength in the commodities space. coming up in the next hour, we are looking ahead to the outlook for 2022, as major markets begin to reopen. we will be watching for more price pressures and what that

means for central banks. that is it for daybreak: asia." "bloomberg markets: asia" is next. this is bloomberg. ♪

>> what are the antibodies produced from these mix and matching? there has been no studies showing the different types of vaccines combined. the majority of studies done looks at the transmitted to real world, the data changes. it is important to look at large-scale data to look at the importance from antibodies to neutralize the variant. the virus, omicron variant, it uses a different receptor as its main entry. all of the vaccines designed with the spike in mind, will not work. none of the vaccines would work today. i think this is the best news.

>> good morning, we are counting down to asia's major market open. shery: welcome to daybreak asia. >> investors weigh omicron concerns as so markets can set to kick off trading in 2022, oil traders hoping that opec will boost output. the variant sees goldman sachs to become