host: a very good morning and welcome to "bloomberg daybreak: australia." shery: good evening from new york, i am shery ahn.

president biden vows to act swiftly and decisively if russia invades ukraine after a call with putin left both sides at an impasse. host: hong kong officials says the city is facing a crisis. shery: inflation concerns to would top the agenda at this week's g20 summit as traders look for cues from global central banks. host: let's take a look at our asian markets. we do have some element of geopolitical risk. the biggest movement has been in the bond market on account of the increased concern over ukraine. talks at an impasse. aussie yield dropping 10 basis points to catch up with the friday rally we saw in treasuries. investors seeking havens amidst these u.s. warnings. we also see the three year yield falling nine basis points. take a look at the equities session.

we are seeing quite a bit of south side in new zealand. sydney futures also starting off on a back foot. looking at the start of trading in tokyo and it does look like some downward pressure after what was quite a lot of buoyant gains across asian markets last week. shery: the wall street session on friday did not look so great so that is surprising. the biggest today slide since 2020. cpi concerns. fed rate hikes coming at a faster pace potentially. everything being felt across markets. the 10 year yield sinking on friday although we are still at the 193 level and continue to gain ground when it comes to treasury yields. the global bond rout to continuing. the wti seeing 10 weeks of gains already. ukraine tensions ongoing not to mention concerns over tight supply but it is really the backdrop. goldman sachs saying perhaps we

are now headed for a smaller gain on the s&p 500 than they had expected. strategist at goldman sachs calling for the s&p 500 to end the year at the 4900 level instead of the 51 hundred points they previously saw. still an upside of 11%. they see inflation surprising to the upside. that means there will have to be adjustments accordingly. haidi: it has been a while since geopolitical tensions have weighed on markets but this could be a decisive week. even as u.s. and its allies with foreign ministers and south korea and japan talking about working together when it comes to this issue as well as north korea. coming out of the quad talks taking place in melbourne. and we continue to see the military buildup. we heard from jake sullivan on friday saying the russian

invasion of ukraine could still be imminent. putin saying the u.s. has failed to meet his demands. it does feel this we could bring more developments either negative or constructive. shery: there is a lot on the agenda whether it is the markets and the economy but for today, it seems many people will not be paying attention what is happening in the markets. super bowl sunday. we are talking about super bowl lvi. we are heading for the rams versus -- and i have to look down at my notes because i am not sure but apparently it is a huge deal. the nfl showdown of the season. and it is about the halftime show. every time there is a super bowl sunday, it is about the showcasing of celebrities and all of the events to follow the super bowl. apparently, this is the eighth time it is being played in the los angeles area. ads are going for $7 million for

30 seconds or something like that but a lot of people will be gathered for these events around the super bowl. not us, we are here doing the markets but i have to bet not a lot of people will be watching today. haidi: it is always hard in asia. it is always a monday morning. so much focus on the halftime show as well. a lot of hype when it comes to the nostalgia when it comes to some of these artists and the demographic. the other positive developments we are watching when it comes to whether this is a turning point in pandemic as we continue to see the gap between the virus cases, hospitalizations and deaths continues to widen. we are also seeing developments when it comes to the five-day protests shutting down the

canadian and u.s. border with the bridge being shut down. not an alleviation when it comes to the virus in hong kong. omicron cases multiply so quickly. a big question as to how they will deal with it and can they make it work with that covid zero strategy? shery: and a big question in ukraine. president biden has told ukraine the u.s. and its allies would act swiftly and decisively if russia were to invade ukraine. he made a conclusive call with russia's vladimir putin. tony, what are we expecting this week? tony: what we know is we are looking at some more diplomacy at least on a certain level. the chancellor of germany will be going to kiev and moscow.

this is becoming a sort of a well trodden route. what we don't know and this is currently the narrative coming out of the biden administration is what vladimir putin's intentions are. that is the line from the white house. on the other hand, russia has insisted for weeks and weeks that it has no intention of invading ukraine any further than it did in the past. we are stuck in an impasse. and the call that biden and putin had for just over an hour on saturday really did not clear any of that up. haidi: when it comes to the alliances particularly in asia, what did we hear from the talks among these foreign ministers over the weekend? tony: the line from the u.s. administration is that they are

rounding up asia also as part of this group of allies who are standing firm against russia. and the reason there is also that, and the u.s. is telling this, that this is being seen as a test case quite explicitly for any chinese efforts to encroach on taiwan. there were some firm statements out of the meetings that antony blinken had with his counterparts including his counterpart from japan and south korea in hawaii over the weekend. it is all part of an effort to project american strength i think and also avoid ukraine turning into a demonstration of

u.s. weakness, if you like. haidi: tony in washington with the latest. hong kong is warning it is facing a crisis with a widening covert outbreak that threatens to overwhelm its health care system. the system reporting more than 3000 infections on sunday. let's bring in stephen engle. we know this is what omicron does. how does it fit in with the covid zero strategy? and where is hong kong right now? stephen: it does challenge the zero covid strategy of hong kong and that is why there is so much speculation heading into the weekend with the number two official after carrie lam in hong kong. he went across the border to meet with chinese officials to discuss cooperation efforts and potential beijing help that could be offered.

there is a lot of speculation. i had people stop me in the streets asking what was going on? would there be a lockdown? we do not report rumors but it is almost a new story in itself that people are acting on the rumors other it is a run for groceries, produce and the like. there was speculation that perhaps a mainland style lockdown could be coming to hong kong. john lee after visiting with his mainland counterparts in shenzhen said there would not be a mainland style total lockdown of the city. that is something bernard chan told me exclusively that it is just impossible for hong kong to do that but a lot of questions. we had 1300, 1300 40 seven new confirmed infections on top of 2000 for luminary cases. and it is totally -- preliminary cases. and it is totally about -- how do you stop omicron when almost

all of the cases but for four were the omicron variant? we will have to see where it goes from here. there was a hong kong university report that also says that with the current restrictions, the tightest hong kong has ever had, we could see 20,000 new infections a day by march and 1000 deaths by june. the government has to balance civil freedoms versus the reality that the hong kong university and its advisors are saying that this omicron outbreak is spreading. and the hospital system here is, according to officials, overwhelmed. there is no more room in the hospitals and they are urging those fairly healthy or those asymptomatic to stay at home and isolate at home prior to care. shery: stephen engle with the latest on the pandemic in hong kong.

let's get to vonnie quinn. vonnie: canada is preparing to open the ambassador bridge after a five-day protest against vaccine mandates shut it down. authorities started removing protesters. bridge traffic has been impacted on both sides. $14 million an hour in traded goods lost. san francisco fed president is calling for the rate hike pass to be data-dependent and measured. she told cbs that abrupt and aggressive action could be destabilizing. she still favors a first increase in march but is not pushing for back to back increases. and it is too early to put a number on the rate hikes for the year. pakistan is warning that afghanistan could dissent into chaos on threatened regional

instability. as khan pointed to the u.s.'s refusal to recognize the taliban. he says foreign governments have no choice but to work with these groups to avoid a further crisis. 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. shery: coming up next, as g20 officials meet in jakarta, we look at the changed landscape of the global economy with richard yetsenga. this is bloomberg. ♪

>> there is a distinct possibility that vladimir putin will start the literary action with an invasion in ukraine and

this time period and that could include the timeframe before february 20 come before the beijing olympics have been completed. i want to be crystal clear. we are not saying that a final decision has been taken by president putin. what we are saying is that we have a sufficient level of concern based on what our intelligence analysts have picked up that we are sending this clear message. haidi: jake sullivan warning russia could take action in ukraine as early as this week. although russia has publicly continued to deny it plans to attack. those tensions feature prominently for investors in the week ahead. it is also the german chancellor's visit -- chance to visit moscow. he travels there on tuesday ahead of the nato defense ministers meeting. in asia, the pboc will focus on

inflation giving the central bank room to add stimulus. and g20 five ministers meet for the first time this year in jakarta. this comes after last week's wild ride in the bond markets. a lot to be discussed among these finance ministers. shery: especially as we are announcing the strong market shocks that are usually followed by tremors. the roller coaster will likely be no exception. and were hammered by the inflation print leaving traders to aggressively reprice fed hikes. the whiplash underscoring the volatility that is driven up short-term rates and flattened the yield curve. the spread between five and 30 here is now just -- basis points. there will be a scheduled valentine's day fed meaning -- fed board meeting.

those are the major events in your week ahead and plenty for finance ministers and central bankers from the g20 to discuss when they meet for the first time this year in jakarta. for perspective, let's bring in richard yetsenga. good to have you with us. we have been talking about the inflation print worldwide and it is not really even. we are getting cpi numbers out of japan and china this weekend they are expect to be eased this week. what will be the key issues that they will discuss this week? richard: asia is a little different. i think that is the right assessment. the domestic demand recovery has not been quite as strong. we are seeing and in usually strong import story and asia which means the current accounts generally have deteriorated and where they have not we expect them to. asia is the global economy and

unambiguously i think the global economy is operating with serious capacity prejudice. if you look at the citibank index, it is never been this strong. there are nuances around the world but the inflation story is a global one. shery: why hasn't demand rebounded a strongly across asia? in the u.s., we have the idea that because we have crisis surging, u.s. consumer sentiment dropping to a fresh decade low but what is happening across asia? richard: the policy -- the genesis of a lot of this inflation was the policy response particularly in 2020 but also 2020 one and in advanced economies generally fiscal and monetary response tended to be larger than what we saw in asia. consumers' balance sheets are healthier in the u.s. because of the fiscal stimulus and interest rates are still at zero in an

economy that looks like it is really pressuring capacity constraints. in quite a broad-based way. asia has not bounced as aggressively as that. capacity has been tested but not spread in the same way. those are the key reasons asia is a bit further behind. china is also softer. haidi: with inflation at 40 year highs, it is clear the fed and other central banks will have to do something immediately. take a look at this chart. look at the longer-term challenge for central banks. we have also polled forward expectations of the next rate cut within the next 24 months. that is where the euro-dollar curve signals that happening now. we are getting inflation under control. how challenging will it be to engineer the soft landing after that?

richard: i think it is challenging. we have been promoting for much of the last decade that inflation in many economies is too low and i agree with that. but having inflation to high brings you a different set of problems. the main policy challenge is tightening in a way that is appropriately calibrated. the problem with inflation being too strong is you are forced to catch up and policy is too far behind the curve and the fed is behind the curve. the risk is you have to over tighten and cause a much greater slowdown. and to be honest, i think the risks in 2024 are quite elevated in terms of the economic outlook. haidi: the rba is interesting because i think that is consistently resisting market expectations. what is your gauge from the

commentary last week in terms of feeling they have the buffer to be able to wait for more data before they move? richard: maybe the key thing is prepared comments not different in any meaningful way pond -- from the rba's most recent statement. perhaps the tone and vigor are a little different. there are questions about monetary policy in australia and pressure on the bank by consistently saying they still want to wait and they want to be slow. and the rba's forecast had inflation coming back into the band next year but it is also based on market pricing and yet the governor keeps pushing back against market pricing. the rba is trying to play a finely balanced game here and i think the pressure is only going to ramp up. shery: how much more challenging

is the message from either the pboc or the bank of japan that is going in a completely different direction than these hawkish banks? richard: the pboc i don't think has a difficult policy challenge. some interesting questions may be about where they are on the structural deliberating because the cycle is playing out in a way that is not radically do similar to previous cycle. -- dissimilar to the previous cycle. in japan, there is some inflationary pressure that we know the story over many decades -- i think the boj will be exceptionally patient. haidi: the boy who cried inflation. richard yetsenga, great to have you with us. you can get a roundup of the stories to get your day going i

looking at today's edition of daybreak. it is also available on the mobile. you can also tweak the settings so you can get news on the industry and assets that matter to you. this is bloomberg. ♪. this is bloomberg. ♪

haidi: taking a look at the day ahead. at the start of the trading week. statistics suggest the prices rose which is a jump from the rise in december. in australia, companies reporting today include borrow and also wet -- and also watching westpac. shery: here's a quick check of the latest business flash headlines. crown resorts has reportedly signed a deal agreeing to blackstone's offer. that is according to the

australian financial review reporting it valuing crown at close to --. the indian government is planning to sell a 5% stake in the ipo of a state run you and is a sham. according to a draft prospectus, the administration will sell about 316 million shares of stock. it will help bridge a widening budget deficit. chinese audrey maker catl says it has alerted police about a series of rumors. it says the rumors include groundless claims the company would be subject -- would be subject to u.s. sanctions. it has seen his share price slip by more than 25% from a record high in december.

coming up next, hong kong liens on beijing for covert support after reporting another record number of infections. professor benjamin cowling from the university of hong kong's school of public health points us for the latest. us for- [announcer] imagine this 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.

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>> you are watching daybreak australia. tensions over russia's military buildup near ukraine are entering a potential decisive week. the u.s. says an invasion may be imminent while russian president vladimir putin accuses america failing to meet its demands -- his demands. u.s. national security adviser told cnn there is a distinct possibility of major military action soon. russia says world powers have made significant progress on revising the 2015 iran nuclear

agreement as talks in vienna enter their final state. in a speech, the top diplomat has said the assessment of the current situation are positive. russia has tended to share more update -- up beat response as to other powers. hong kong reported a record 2000 preliminary positive covid-19 cases set to overwhelm the health care system. the number of cases exceed capacity and priority will be given to the elderly and children. it comes as it warns of supplies of fresh foods have been hit after some drivers just a positive here the european union is -- has a $23 billion financing package to counter china's region africa. sources tell us, they have yet to commit to financing the plant beijing promised $60 billion to africa in 2018 via its belt and

road initiative. global news 24 hours a day on air and on bloomberg quicktake powered by 2700 journalists and analysts in 120 countries. i'm vonnie quinn. this is bloomberg. shery: exports around the world are warning people against letting down their guard against covid -- experts are warning people against letting down their guard against covid. they are warning that -- -- that omicron is more dangerous than experts thought. what is the key message as to exactly what we should be expecting over the next six months? >> thanks. i think in your intro you covered the main points. what experts have been telling us that omicron is unlikely to be the last variant we face. the big takeaway is the crisis is not over until it's over everywhere. as long as large places in the world are not fully vaccinated, there could be new variants --

regardless of how vaccinated the local population is. haidi: we just had breaking news. the lender fourth-quarter net income coming at 1.39 billion sing dollars, better than expectations. ratio at 1.3%. 2.14 billion, slightly lower than the 2.34 billion that was the second estimate there. as well as just that allowances for credit and other losses at $33 million sing dolars lars as well. when it comes to this new shift, the next phase of this pandemic, what are the implications for

these economy -- the economy? >> a key place to be looking is supply chain and supply chain disruption. as long as chinese borders remain closed, which is likely, potentially could be for the rest of the year, the supply chains will remain disruptive and that will have an impact for inflation. we will continue to see issues for some months yet. travel, obviously, a lot of countries only partially open. health system struggling after two years of intense oppression and long covid will continue to put pressure on those services. shery: the w.h.o. now warning that we should be more careful -- be careful of the strains of the virus. that the world is vulnerable. what could that look like? >> we just don't know. what experts are pretty unanimous about is that we will see further variants, but what we don't know is what the next variant will look like.

i think omicron has given people a false sense of security that the next variant will be milder, but it is entirely possible that what comes next could be of further mutation of the delta strain, for instance. the next variant could look like any of the previous waves. haidi: let's talk more about what the next step is for the virus. we will bring in ben cowling, a professor at the hong kong school of public health. alyssa just touched on something pretty evident regardless of which economy and which jurisdiction you are looking out at the moment. there seems to be a sense of complacency, because overall, omicron has been milder. do you think that is what the next step is going to be? and what do you foresee over the next three, six, 12 months for this pandemic? >> omicron came out of the blue, so i think it is very difficult to have a really confident prediction about what might happen next.

could have another variant that comes from omicron. we can have an offshoot of delta, sorry. i think it is very difficult -- i do not think covid is going away, so we will still have to be prepared to keep an eye on things and be ready to bring back some additional members of cases spike and it seems like that will be necessary. haidi: political fatigue, fatigue from small businesses and just from parents, from people generally. how do you overcome that, particularly as you have a lot of faces saying we are reopened now. we cannot put the genie back in the box. what happens when you have another variant that is potentially worse than omicron, and on top of that, there is reluctance from people who say, we have had our vaccines, we have had our boosters, are we really going to get boosted every three to four months to deal with this? >> i don't think we'll be getting boosted every three to four months.

i think vaccines will be available to those who want them. after the end of omicron waves, there will be a lot of immunity from vaccines and from infections. what i'm thinking about is may be some of the measures might be needed again, maybe next winter in the southern hemisphere, that is going to be in six months' time. in the northern hemisphere, it is a long way away. to suppress surges in transmission but i think, hopefully the worst is past for much of the world. shery: it's comforting to hear that you do now think -- you don 't think we will be required to continue to get boosters, especially when we don't know for sure how long immunity la sts. is it what you said because there is immunity and the broader population, that we should be fine without boosters? and what happens to perhaps the more, the poorer nations of the world? >> firstly, for boosters, we know the greatest effect only

last for three or four months, and we have a longer term against disease from two doses. and you also get boosted with infection and that will be therefore quite some time -- t here for quite some time. the world health organization has a covax, which i do not think has delivered as much as they were hoping for those countries. i think we will see more vaccines going there and in the coming months in the coming years i hope the vaccines will be available around the world, particularly to older people who will benefit most from annual or twice annual vaccination. haidi: in hong kong right now, given how overwhelmed the hospitals are, authorities are urging the young and those with mild symptoms to isolate by themselves at home. what will this do to the trajectory of the pandemicc there? >> in terms of the case comes, we will see a drop-off in the rising cases because i'm no --

because now a lot of people are going to stay home if they are sick even if they have a rapid test positive, they are not going to get confirm, so they will not get into the case counts. we have seen a lot of decreasing case counts in the past two weeks. that may slow down but it may not be a real picture of the infections because now hospitals are saying they are going to save space for the elderly and younger children. and older children and adults will be asked to isolate at home. it's really a mitigation move. it is recognizing that the containment is going to be very difficult from here on. haidi: we have never seen a city -- to clamp down, particular when it comes to omicron, from the numbers we are now seeing in hong kong. what is the end game? can they continue to pursue covid zero when it is clearly not covid zero anymore, even if they do get to 90%, does that help things when it comes to accelerating and opening up? >> that is a question that many people have because, of course,

in the next two months, maybe three months, a lot of people in hong kong are going to get infected. it is going to be very difficult to turn it around now. there will see a big peak. come down the other side. go back towards lower numbers again. like some other places the world about her experience. the question then is whether the hong kong government will suddenly push to go to zero and try to stay at zero. in other words, temporarily pause the zero covid approach now for a couple of months, and then go back to it in two or three months' time, when we have a very high level of population immunity in hong kong and maybe it would not be necessary to protect public health anymore with the zero covid strategy. we may still see the hong kong government choosing to do that. at the minute, it is unclear. haidi: ben cowling, a hong kong professor at the school of public health. shery, when you take a look at the shifts we start to see,

perhaps not in so far is developing but also people's perception of what the next leg of this covid outbreak is going to be, you take a look at what investors are doing. this was such a darling when it comes to segments of the markets they did so well over the past two years. what we are now seeing is the unwinding of the -- the decline we are seeing in some of these etf's has been exceptional, over 40%, and effect and it tells us from an investor point of view, that the more speculative, frothy parts of the market are being unwound as these fears over the pandemic start to fade. critically or look at the pullback and when it comes to those who have embraced shares of the riskier drugmakers that have suffered -- the most widely watched gauge of the sector performance down about 25% after that 52-week high back in august. shery: it is not surprising given that we do have prospects of rising interest rates in the u.s. do these companies and investors

really want to hold onto these stocks that are oftentimes very slow to develop new medicine, new technologies and so forth? it has become a little bit more risky and less exciting. so, with inflation also on the upswing, it seems that investors want to invest in more later stage assets that have proven to be less risky. so, perhaps that is what we are seeing in the markets in term of the biotech etf's and the fall thereof. this, of course, coming at a time when we have this record 101 biotech companies making their public debuts last year. so, that boom also in the spotlight right now. we'll see how that goes. coming upt, australia's miners report this week. we will get a preview. this is bloomberg. ♪

>> one to watch. crown paused training -- the board is ready to recommend that shareholders accept the share offer from blackstone. crown reportedly saying that they signed a deal on monday morning after weeks of engagement. this comes almost a year after

blackstone made that first nine binding and indicative offer. in january, it was that third time sweeting that offer to $6.5 million that seem to get over the line in terms of this engagement. crown is recommending shareholders accept that bid. and all of this was really understood that that deal is in line with blackstone's most recent offer, would be binding, would see the company acquire -- the arrangement. we are, of course, waiting to see this eventually very welcome chapter in crowns history. given two years to address -- accusations at its sydney casino. accusations of money laundering and tax evasion as well. shery: it is time for morning calls. ahead of the asia trading day, caution still warranted. better options elsewhere. that is the view of mobius

capitals mark mobius who says that china's monetary easing as a sign of desperation to get growth back on track. the move is in response to earlier crackdowns and will come with a lag. mobius is investing new money in india and taiwan on their earnings outlook, instead. haidi: long duration asia credit prices under pressure. that is a warning from a credit site singapore. as we see rates rising. they say investors should target the short end of the curve instead, seven years or less to maturity. one sweet spot they mention is the short end of high-quality credit. as we spoke about earlier, kicking off earnings tuesday for a straight is big mining companies, against the backdrop of surging commodity prices. paul, commodities have been absolutely on fire, going into the start of this year. what do we expect? paul: on fire and into some

degree volatile. if we take a look at iron ore, for example, we hit $80 a ton back in november. newcastle coal prices have been surging as well, 156% over the past six months. one of them is on the profit margins, that have been rising, 22% now. we are seeing other commodities up as well. copper up 18%. energy prices high as well. all that said, could still be a pretty tough half for bnp with shipping, pandemic inspired labor shortages -- and a period where china was curbing steel production. we will take a look at dividends as well. fortescue metals based on previous estimates, the possible

dividend payout of 60%. bhp looking pretty healthy at 8%. in the case of fortescue, in particular, which reports on wednesday, there's going to be few questions about how long the generous payments can be sustained. shery: paul allen in sydney. in fact, we will speak to bhp's ceo and fortescue's elizabeth gains about the result. don't miss those conversations this week. this is bloomberg. ♪

>> uber's earnings beats indicates that business is bouncing back from a pandemic linked slump. the impact of inflation on rider fees. >> you know, with interest rates increasing, inflation expectations increasing, i think the market has been a difficult market for a lot of companies out there. but if you look at the fundamentals of uber, not only long-term, but even this last quarter, we had our audience grow by 27% year on year basis. we had gross bookings highest evers, almost $26 billion, a 50%. he had our second quarter of profitability. and we projected the $5 billion target ahead of us.

all o f the metrics as it relates to the business or pandemic direction, i cannot predict market movements short-term, but long-term you see stocks move with the fundamentals. right now the fundamentals are absolutely going the right way with uber. >> prices are starting to come down, but inflation is hitting record levels elsewhere. i'm wondering if you are concerned that that is going to hurt demand coming back from the platform because your riders are paying more for everything else. >> if anything right now, it is a great concern theoretically, but if anything our marketplaces have been more supply constraint than demand constraint. we have plenty to -- of demand come in for ride share, we have had plenty of demand come in for delivery as well. the topline a super healthy. what we historically had a tough time with was getting as many drivers and careers to join the network as we wanted to. i think the good news for us now is we're up to 4.4 million

earners on the platform. we added 325,000 earners onto the platform last quarter. as a result, the marketplace is more becoming more balanced. i do think inflation is here to stay, but for us, is about balancing both supply and demand, and right now that balance is at a really good price. >> good morning. it's guy in london. uber is a long-duration business -- looking for the big turns -- big returns to come towards us as the business matures. as interest rates go up, that potentially becomes tougher and tougher. you said moment ago, you see near term volatility, but you more confident in the long-term. what gives you that confidence? it would seem like it is -- moments in time to have longer-term projections. >> i think we are seeing in the business right now. business is coming back faster than ever before. we're at record gross

bookings level, and we said we would hit free cash low positivity this year. so, i think with uber you have the balance of, in the short-term, what have you done for me lately? we're delivering profits. we're going to deliver cash low profitability. our q1 is stronger than q3. and, at the same time, we are putting a marker down on long-term growth of 22 to 26% and significant instrumental -- incremental profits as the business grows. so, i think we are --which is, you want improvement next quarter. you want improvement next year, you got it. but you want long-term growth, five to ten years, we have that as well. i think if we deliver on both the short and the long term, we are going to be just fine. haidi: that was the uber ceo there. we do have some breaking news when it comes to crown's

proposal. we have that trading halt pending the announcement. adding or developing now. the crown board has unanimously recommended that shareholders of back the blackstone deal. crown's board has accepted that bid. they are -- to vote on that proposal. still say that deal needs an investment board as well as gaming authority approval, but in implementation with blackstone, that is ongoing. and, of course, we had really expected that that would be set to recommend to the shareholder expect to accept that third sweetened deal of $13.10 in that share binding offer -- set up blackstone for crown resort. we have been hearing that they signed that deal on monday morning after these weeks of engagement and negotiations. and, of course, it was really that third deal that got crown to the table. and we are expecting that offer to value crown close to 10

billion australian dollars, including debt. we will continue to watch that particular as we get to the start of trading, but it looks we will have -- it looks like we'll have to wait for sometime in terms of whether shareholders are spiking to accept that bid. really exposing -- closing what has been a difficult chapter four crow -- for crown. lots of difficulties both in sydney and melbourne. but huge amount for opportunity there is swap could let's take a look at the other stocks we are watching as we close in an australian market open. share -- from the likes of, rising car sales and other. that price target at 51 australian targets. a bit more of an up lift for that stock. and some of the stocks we are watching for earnings, as well. shery: coming up in the next hour, big interviews. we will speak with the former south korean foreign minister about labor issues and geopolitics in the region.

we'l alsol chat -- with the chief of public affairs about the fintech pushing japan. this is for -- that's it for daybreak australia. daybreak asia is next. this is bloomberg. ♪

♪ >> hello, good morning. we are counting down to asia's major market open. >> welcome to "daybreak: asia."" our top stories this hour. russian tensions over ukraine after a potentially decisive week. the u.s. promises swift punishment for any invasion. asian stocks may fall as havens rally.