♪ quick spin good morning. welcome to "daybreak australia." shery: the top stories this hour -- metta surging after the bell. i jumped in facebook users easing investor concerns -- a jump in facebook users easing investor concerns the social network is losing momentum.

and investors await more central bank decisions. the boj may reaffirm its easing stance today. u.s. futures gaining .8%. we are seeing that big pop in the afternoon trading session in the late hours. we usually do not see such a huge pop at this hour in the asia trading session, but this after the s&p 500 lost momentum a little bit toward the end of the session, although we did see chinese adr's gaining about 5%, given chinese policymakers' pledge to support the economy once again. we have the 10-year yield really topping that 280 level again, and that is sending the dollar much higher. about a five-year high given the very large weighting of the euro . that left the choppy trading

session for wti, though at this moment, we are seeing a reversal between gains and losses at the moment, but we are talking about that $102 a barrel level. while we are focusing on earnings, meta, look at that pop after they announced additional users being added for the quarter. we are talking about 1.9 billion euros -- users. paypal also gained ground, beat revenue estimates, and we have a more positive forecast coming from qualcomm, so we are seeing gains of more than 5%. haidi: new zealand already online as we look at futures trading pretty mixed to high. we heard from the avian see, really considering new ways to define what neutral means, so

any implications when it comes to the property market. futures finally seeing a pop after seven days of declines. we will see perhaps an early gang of about .7% at the start of the cash trading session in a couple of hours, but when it comes to australia, it is all about the repricing of what they are will do next. traders, banks, analysts sent scrambling in the afternoon yesterday to bet that the central bank will make the biggest rate cut in two decades. all those bets are piling on. chicago futures looking good at the moment and dollar-en trading steady as, of course, it is bank of japan's decision day. shery: much to look forward to, especially given that we saw a

lot today. prosecutors talk about a vast criminal scheme to mislead banks and manipulate markets. thisglobal finance. he is accused of 11 criminal counts, including one that has inflated the value of his portfolio from $1.5 million to more than $35 billion. we are watching some of the companies that were caught up in all of that, including credit that really just released a loss for the fourth quarter that was wider than expected. haidi: headache at elon musk in this tweet, the battle for shortselling, shortselling really heating up. take a look at this tweet. i might hate short-sellers, too, but short-sellers have nothing to do with the success hour failure of a business.

this defensive short-sellers appears to address muska's position of how he is funding his purchase of twitter using some of his tesla stake. we will be watching that. shery: yes, but right now we are focused on one social media company, and that is facebook. meta adding more users in the quarter. sort of a side of relief for some of those investors that were watching facebook. emily: yes, totally different reaction then we saw last quarter. last quarter, meta reported a decline for the first time in a decade, so we saw that massive share plunge and shares are still significantly down here to date, but we saw daily active users climb this quarter. revenue did miss, however, and i think that is a sign of what we are seeing more broadly in the advertising business, and

advertising for the current quarter came in a little bit light, but investors seem to be looking at the good news today, the fact that facebook seems to have stopped the bleeding, at least for now, but it does not necessarily mean we are going to see a repeat pattern next quarter. haidi: much of the focus the last few months has been focusing on competitive platforms. emily: facebook and instagram to have this product called reels, which some have called it tiktok copycat. mark zuckerberg has said they will eventually try to monetize it with advertising but not until the content gets better. we heard sheryl sandberg jump in saying it is a significant long-term opportunity. it will be a multiyear journey. the question is -- can facebook and instagram really do this take on video well? they have experimented with video significantly in the past.

it has not always work out. we will have to see if it really is the answer. something else i point out is they did trim their expense outlook. a lot of people have been concerned about how much money meta is pouring into this vision of the metaverse, which some think is a pipe dream. they have reduced the amount of money they planned to spend, so investors are excited about that, but they are still losing on the management of $3 billion, so they are not anywhere close. haidi: a bank of japan expected to keep its monetary policy settings unchanged at today's meeting, pushing back against speculation that a week yen will force japan into surging inflation. let's bring in our global

economics and policy editor kathleen hays. boj day, always exciting. kathleen: the big question, certainly probably the most we can expect perhaps at the press conference after the policy decision just a you hours from now when governor kuroda will face many questions from reporters. basically, yen is near a 20-year low, but it has been made clear by the boj they are not going to move. a bloomberg survey showing 89% of boj watchers we spoke to say there will be no change, the negative rate will stay at minus zero .1%. they will keep buying etf's and bonds. of course, the yen at 128 and change, dollar-yen. some people say when it gets to 130, there could be some

intervention, but the conundrum for governor kuroda is this -- the stimulus will maintain weakening pressure on the get, but tightening could the economy. here is what he said as recently as friday at columbia university -- the bank of japan should continue with the money easing. he said there is still a long way to go to get to 2%. you can look at this inflation chart and see what he means, but he says that commodity prices are the main reason this is happening. that will be maintained, and they are not having demand pull inflation like the fed, and that has been causing the policy divergence that is causing this he and weakness. the prime minister said just two days ago that he hopes the bank of japan will continue its efforts to achieve that 2% inflation goal, so a clear thumbs-up from the government, from the new prime minister,

giving governor kuroda and his team the support to keep this stimulus going while they still think they needed. shery: given the numbers we saw in australia, do you think the rba will be pressured to move next week? >> that's right. the opposite story to japan here in australia. markets are now seeing the cash rate sliding to 1% by july the interesting thing here is that this may happen in the

middle of an election campaign. we are going to the polls in australia on may 21, and because of this surge in inflation, the central bank may have to abandon its traditional political push and initiate this liftoff in interest rates ahead of that election campaign. at this point, one of the most dovish central bank governors is unable to keep his stance, so definitely eyes on the reserve bank meeting next week. it is going to be very interesting. they have said that they were waiting for these inflation numbers yesterday. there are key numbers coming out on may 18. it is putting pressure on the center of the government of scott morrison. he is trailing in the polls. the government is trailing in the polls as price pressures are

starting to hit consumers especially as we have seen prices in australia surge. haidi: two very different central banks meeting. let's get you the first word headlines with vonnie quinn. vonnie: thank you and good morning. bill hwang has been arrested a year after the collapse of the family office. prosecutors say he was behind a vast criminal scheme to manipulate banks and markets. he has pleaded not guilty to charges of fraud and will be released on bond of $100 million. european commission president ursula von der leyen is warning companies not to give in to demands to pay for gas with rubles. european banks are responding after russia cut off gas to

poland and hungary a. >> our guidance here is very clear, to pay in rubles. if this is not forcing in the contract, to pay in rubles is a breach of our sanctions. companies with such contracts should not accede to russian demands. bonnie: the government's tough response has threatened economic growth. it was agreed more forceful policy measures should be taken to boost jobs according to state media. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts from more than 120 countries. shery: still ahead, mattel reports a stellar quarter with just over a billion dollars in revenue amid talks of a possible buyout. we get the latest with the chairman and ceo in about half

an hour from now. with stalled markets in the u.s., we find out why small-cap stocks may be where the opportunities lie. this is bloomberg. ♪

shery: u.s. equities have rebounded from their worst rout since march. let's bring in our next guest. good to have you with us. we continue to hear these concerns about a potential recession. how insulated are these stocks? >> i think you have to first separate the stock from the company. stocks have already come in quite a bit as we have become more and more concerned about inflation, about global politics, large caps have well outperform small caps, so it has really taken it on the chin, and i think from a valuation perspective, we are below where we were in march 20 20 when we thought covid was going to get

flattened out in two weeks. it is definitely going to get i think from a valuation standpoint much less risky. i'm much more comfortable investing in the u.s. economy right now. i think it is better positioned than europe and asian economies. a lot of these businesses, these small businesses, they get looked over. there's not as many analysts covering them, but you can find businesses that are extremely durable, have high level of competitive protection, and mostly -- and this is the most important -- have pristine balance sheets. shery: any specific names you like? >> i really like the business clearwater analytics. it helps businesses keep track of all their securities. it is mission-critical software. once you put it in, you are not taking it out. there's a high level of earnings visibility because you really know what your revenues are going to be like. i also like being a little less concern -- less exposed to the

u.s. consumer who i worry will struggle a bit with higher prices in the next quarter. haidi: do you worry about the chinese consumer? it feels like the concern over china is not just supply chain and output issues but also internal demand. >> i think the easiest way for us to see that is kind of in handsets. you see the lower-priced handsets are really not doing very well. i'm worried for the chinese consumer war from the impact of exposure and in terms of what happens as people start protesting more, as they have been in shanghai. a major closure in beijing is pretty unprecedented, but because the chinese are doing the right thing in terms of testing -- you know, the more you test, the more cases you find -- they are just very aggressive about isolating people, and that is what contributes to their very low level of fatalities. it has psychological impact to a

lot of people, so you worry about the optimism around that and what the government can really do. haidi: there's a lot of uncertainty when it comes to the energy transition as well, particularly in this price environment. >> we have not been very focused on energy companies, right? because you think about how much this is just a commodity play and you have so much volatility in prices, and you cannot really be the master of your own destiny in energy, but i think it is a really interesting market right now where you have halliburton and google trading at parity. i would rather own a business that is high quality that is 99% market share of search and high profitability. i think that is indicative of the type of market we are in, but for us as long-term investors, it is more important to have quality. shery: where does that put twitter? shares continue to drop below

offer price. you have elon musk. tesla shares moving around a little bit today. who are the winners and losers in this deal? >> i think the losers are tesla employees and shareholders. elon musk has been very candid about saying this is not an economic and. it is more about free speech, but if you look at twitter's business, the times they seem to gain traction with advertisers is when they do a better job with content moderation. advertisers do not want to be in a cesspool of misinformation, so it is going to be harder for it to generate the level of ebitda for it to take care of what is necessary. as a twitter employee, i'm concerned, right? because that is a company that has not been innovating the way it needs to.

it has gotten a little bit left behind, but there's no money if all you are doing's debt payments. if you are a tesla shareholder, fillon himself is going to be personally responsible for a billion dollars in interest payments, and if he starts to get cut short, he is only going to get left behind, so i think both of these parties are really the wrong parties in this deal. haidi: always great to have you with us. you can get a round about the stories you need to know to get your day going in the latest edition of daybreak. this is bloomberg. ♪

shery: bill hwang has been arrested by federal agents a year after the collapse of his family office. prosecutors say he was behind a vast criminal scheme to manipulate markets. what are authorities saying? >> first of all, he is facing 11 counts, and if he gets the max in each count, he is facing up to 380 years in jail, so this is quite serious, as you might imagine. these are 11 counts that have to do with racketeering conspiracy, securities fraud, and based around what prosecutors describe as massive fraud and his family office. they say he was manipulating the prices of stocks to make sure they were always on an upward trajectory so that he could continue to make money. haidi: what are some of the other allegations being made in

this case? including some of the coordinated movements and decisions being made. >> essentially, prosecutors are saying that in march 2020, so around the time of the start of the pandemic, that hwang returned to his home office and stopped taking investment meetings and started to trade his own strategy, stopped listening to analysts, and basically began talking daily with his traders and began to build up a position that was so large that in the course of a year, his personal position went from about $1.5 billion to about $30 billion, and this was done essentially by his buyer up to 5% of stocks in cash and making deals with counterparties for what are called swaps to get the rest of the shares, so he has huge exposure to these stocks, and in some cases, they said for the viacom stock that he actually controlled 50% of the flows of that stock, so he had a huge outsized role in how that

stock was traded and the pricing of that. haidi: let's take a look ahead of the day for australia and new zealand. inflation remains the major theme with traders. we saw price pressures accelerating to the fastest since 2009. australian mining company scheduled to release their quarterly report, and new zealand's housing acceleration fund says it will spend $515 million on housing structure that will enable up to 15,000 new houses to be built. this is bloomberg. ♪

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shery: we are a few hours away from the boj decision where we will likely see policy rates remain unchanged. especially coming from a very weak yen, not to mention rising yields. we will watch the bank's resolve to keep the target for the 10 year yield. this chart showing the times the boj controlled the yield curve ban in the past. the 10 year yield pushing towards the upper limit of tolerance for the boj. i mentioned the weak japanese

right now holding about 128. this of course around the weakest level against the u.s. dollar in about 20 years. we will see what the boj does or does not do, especially when it comes to trying to stem the collapse of the currency. we are seeing not a lot of movement across currency markets really. suffice it to say we have seen a very strong dollar, that has been the trend. you are talking about the dollar index being at the highest in five years. the bloomberg holler -- it depends on the waiting for the baskets when it comes to the dollar index. weighting. the bloomberg dollar index has a broader belong murder -- broader barometer. let's now get to the first word news. vonnie: it turns out norway is tops on it comes to normalizing the life alongside coronavirus, while hong kong and mainland china are among the worst. that is according to the covid resilience ranking for april.

norley -- norway is followed by ireland and the uae. the u.s. fell to 23. the u.k. is down to 12. both due to the number of fatalities. india's prime minister narendra modi has called on states to urgently ramp up covid-19 vaccines for children as daily infections hit a six-week high. shots were recently approved for children over the age of five as public concern grows over the outbreak of a new variant. in the it was hit hard by the delta wave last year, which overwhelmed hospitals and led to tens of thousands of deaths. u.s. legislation aimed at increasing competition with china could face more delays. the legislation would provide more than $50 billion in aid for the domestic chip industry and has received broad support from lawmakers. sources however say to reconcile separate bills from the house and senate has yet to start and could extend beyond the midterm elections. plea biden administration is drawing on emergency powers to

provide food aid in nations in of dire risk of hunter. they will urgently assess six countries including ethiopia, canyon -- kenya and yemen. it is the first time since 2014 they have used the measure for food aid. 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: qualcomm, the biggest makeup chips that run smartphones, surged in late trading after giving a strong forecast, bolstered by expansion into new markets. su keenan joins us with details. looks like fears of a decline have been dispelled. su: there was a lot of concern after the two year surge during the pandemic that demand might fall, but a strong sales core -- strong's forecast has the stock

flying after hours. at one point qualcomm stock was up as much as 7% in extended trading. handset sales drove expected results. increasing use of chips in industrial machinery is also driving growth. they expect it will grow more than 50% in the current quarter, how to buy samsung's galaxy phone. -- helped buy samsung's galaxy phone. profit in the just completed quarter was $3.21 a share. that blew away estimates as well as revenue of $11.2 billion. they see recovery of the covid impact in china coming to an end. they also say supply has improved and they are able to meet more demand. haidi: what do they say about smartphone demand? su: they are getting a lot of market demand in the higher tier. analysts have put slowing demand for androids in china, which is

their largest market, as threatening growth. but sales from qualcomm's phone's related chips were higher. 6.3 billion beat estimates of 5.9 billion. so no concerns about that threat to growth in the china market. shery: su keenan the latest on qualcomm. don't miss that interview coming up with its ceo tomorrow live on bloomberg technology. plus hear from the intel ceo on his earnings and the broader outlook for the chip industry. let's turn to another chipmaker, korea samsung reporting its full first-quarter earnings later today despite a 50% jump in profit. the stock has lacked momentum, dragged down by covid-19 lockdowns in china and higher rates. let's bring in yvonne man for a preview. we had preliminary results beating estimates. what are we expecting today when

we have the provisional breakdown? yvonne: net income and the breakdown of their divisions will be the quick -- will be the key question. overall it was a pretty strong quarter for samsung. if you look at the stock price it does not quite reflect that. you mentioned that 50% rise in profit. sales were also up 18%. it really was lifted by demand when it comes to enterprise clients. there was a strong demand for computing proc at -- computing products, and new handsets. the galaxy s22 smartphone line has been doing well and south korea as well as the u.s. so we are looking for more commentary around that as well. take a look at this. when it comes to how cheap the stock is, it is the cheapest in four years. you mentioned the higher rates picture ringing down a lot of these tech names overall. there is also a lot of concerns about the china lockdowns as well. how is that impacting logistics,

the operations of their plants? and overall consumption, as su mentioned, chinese consumption is a key determinant when it comes to memory chip prices. we have seen nan and dram prices fall modestly for now, but overall surging oil prices, inflation are key concerns analysts are worried about as well. haidi: how are things looking for the second half? yvonne: that is the key question. hopefully we hear something in the earnings call a little later on. given what we have been seeing in the covid situation, the outflow situation when it comes to stocks in korea continues to weigh down on samsung. and it is being weighed down by samsung, i should say. but yes, there is that sort of recovery that people are expecting in the second half. sk hynix mentioned that yesterday. they are expecting a bounceback the and smartphone sales. but that depends on how long the chinese covid lockdowns are going to be, the war in ukraine

as well. that continues to be a strain on supply chains and consumer demand. when it comes to global smartphone shipments this year, they suffered worst drop since covid-19 first broke. and pc's sales have slowed as well. you have to wonder what this means for the recovery of memory chip prices. some say as early as the second quarter we could be seeing things rise. the contamination problem has limited supply as well. analysts are also saying given how complicated things are, prices may still go down. so looking for that sort of comment from the earnings call later today. haidi: let's get you a big interview preview coming up ahead. mattel's chairman and ceo ynon kreiz joins us amid talks of a possible buyout and a very impressive set of results that were just released. that is coming up next. this is bloomberg. ♪ this is bloomberg. ♪

shery: seeing brought upside in the after hours trading session. a big pop overall with meta leading the gains. gains of 18% after they added more users than expected in the first quarter. we are talking 1.96 billion facebook users now. we also had qualcomm giving a

very positive sales forecast. that is helping destocked safed -- helping the stock after our. paypal also beating estimates. not to mention we had them keeping full-year guidance. haidi: as you mentioned, we spoke about mattel at length, reporting first-quarter results that beat estimates. really supported by barbie, hot wheels sales. it really defied the usual seasonal slowdown. the company had its biggest gain in 18 months on the news that it's in talks with at least two private equity firms about a potential buyout. with us now is ynon kreiz, chairman and ceo at mattel. always great to have you with us. you know what i am going to ask you. can you give us more details as to where these discussions are at, and if this is part of the broader strategy post the restructuring and turnaround? ynon: thank you for having me.

as you know, we don't comment on speculation and we focus on executing our strategy. what i can tell you is that this was the highest first quarter we had on record, both in terms of revenue and profitability. we are going to continue with double-digit growth in barbie, hot wheels, and fisher-price. we started the second quarter of a strong demand. consumer outlook is also strong and we expect to grow market share. so overall, excellent start of the year, and we are firmly in growth mode executing our strategy. haidi: and coming from a position of strength, you could say. so could you tell us whether talks like this, whether you are open to these sorts of discussions and the possibilities of what the next part of this trajectory is for the company? ynon: we don't comment on speculation but our strategy is working.

we continue to perform very strongly. we are now a high performing toy company. we just reiterated growth guidance for the year to achieve between 8% and 10% growth as well as continue to improve profitability. so overall business is strong but demand is there, and we're executing across businesses and geographies. and looking very strong for the rest of the year. shery: do you think the shareholders prefer this approach? because we have seen mattel's shareprice lag behind. it was only today after your earnings results came out that you popped and you are up 14% year to date. these conversations you may or may not be having with other pe funds, what do you think the response could be out there? ynon: we focus on running the company. and if you look at what happened over the last four years since

we started the turnaround, we grew our business in a transformative way. we took our adjusted ebita from $126 million in 2017 to over $1 billion in 2021. and we expect to grow again this year, and we already said we expect to achieve growth in 2023, at least in terms of our goals in terms of profitability. so the basis is tracking very well. the numbers are there. the products are working and resonating with consumers in ways we have not seen in years. and we continue to execute on our ip strategy. with a lot of exciting news as recently as yesterday, where we announced, warner bros. announced the released eight of the barbie movie in july 21, 2023. the day before that we announced a partnership with jj abrams to produce a hot wheels movie. so there's a lot going on both

on the toy side as well as our intellectual property that continues to grow and expand outside of the toy line. shery: every time we have you on you actually have exciting news for us. so we love having you on the show. tell us about some of the price pressures that you may or may not be facing. how do you plan to adjust, given that all those growth areas do take a lot of efforts and resources? ynon: we are taking -- from supply chain to our entertainment strategy. we do see inflationary pressure in the market, and this is obviously something that we do factor into our guidance and into our planning. we do expect to offset most of this impact through pricing action, cost savings, and other steps we are taking to continue to optimize the business and improve productivity. so we are running the company tightly. supply chain is performing well.

supply chain was a key driver of our success. not just in the past quarter, but all through the pandemic. and this is now becoming a strategic advantage for the company that we will continue to benefit from an see it as a core strength for the company. shery: what are the pressure points when it comes to china, both in terms of lagging consumer demand as a result of the covid-19 restrictions, but also from the supply chain and logistics point of view? ynon: in terms of consumer demand, we did see some impact in the past quarter due to lockdowns. so china held us back in terms of growth, we achieved record growth in the first quarter with all the other geographies performing stroh strongly -- performing so strongly. so in terms of supply chain, we continue to monitor the situation. it is not that we have not been impacted, but we've been able to

manage through these disruptions and mitigate some of the impact by leveraging our scale, capability,, expertise and a very flexible model we have been able to design and engineer to position the company to be able to offset these disruptions and continue to drive growth to the company. haidi: we spoke a little bit about barbie and a lot of people are very excited about this film. what other movie collaborations and projects do you see and can you share with us? ynon: the barbie movie is going to be something else. we did announce the release date, but it is currently in principal photography in london. and we could not be more excited about greta gerwig's vision and creative execution of what is shaping up to be an iconic cultural event. and an incredible cast withmargot robbie, ryan gosline,

will ferrell, and more. so this would be something worth waiting for. but we're not done of course. we have 12 other projects in development, all based on our iconic franchises. this includes masters of the universe, american girl, viewmaster, magic eight ball, wishbone, thomas and friends, uno, rock 'em sock 'em robots. we have a very exciting lineup of projects and we are working with people like tom hanks, vin diesel, and the list goes on and on. we treat each projects very specially. each of these projects has the potential to become something very unique. and we are very proud of the

partnerships we are forging not just with the talent, but also with the distribution partners, the major studios that collaborate with us on these projects. shery: always a pleasure having you with us and we appreciate your time. ynon kreiz, mattel chairman and ceo. we have some breaking news and date at when it comes to the new zealand trade balance. march imports coming in at just over 7 billion kiwi dollars. a trade deficit not just over 9.1 billion new zealand kiwi dollars. and the trade deficit for march at 392 million kiwi dollars. we are seeing this broader trend of surging imports in new zealand as domestic activity and demand recovers from the lockdowns and energy prices also rise, pushing that trade balance into a substantial deficit. that is a trend that is being carried through as we get through 2022. lots more ahead. this is bloomberg.

♪ is is bloomberg. ♪

shery: many are predicting more supply chain chaos across the globe. mainland china accounts for roughly 12% of global trade. but one of the world's biggest

shippers sees the supply chain bottleneck easing. we spoke to a marine transport chairman. >> most people talk about the poor condition in the u.s., especially los angeles and long beach. maybe earlier this year the ships waiting for the port, at that time, more than 100 ships. but right now the ships waiting is less than 40. so i think this is a good sign that the port condition has been easing a little bit. people talk about the new strait because of the lockdown in shanghai. but people don't understand that because the government also paid attention of the shipping industry, so it's our point of view, we're a daily inspiration.

shanghai will continue to run as usual. yvonne: how long are your containers sitting idle? >> compared to last year, right now the waiting time is two or three days. compared to los angeles, we're waiting 10 to 14 days. so two or three days is not a severe situation. yvonne: are you concerned about a slowdown in the economy in china? >> basically a slowdown in the chinese economy -- don't forget, china global -- [indiscernible] of course consumption is very important.

europe is our final destination. that is more important. yvonne: do you see the china lockdowns worsening, the global supply chain bottlenecks? is that just a short-term problem, or do you think this could last the rest of the year? >> this is a short-term phenomenon. i think everyone will agree, all the governments don't want covid-19 to spread and become more severe. the chinese government decided to maintain the previous policy, net zero. they don't want any single cases. but as you can see, besides china, all the other countries are gradually opening the border. i think in the second half of the year, china would maybe adjust their policy. so we don't for see the chinese economy slowdown will continue.

actually, we expect the economy to rebound in the second half of the year. yvonne: the imf still expects little trade to slow this year. do you see any signs of softening demand across industries? is that a key uncertainty for the business? >> yes, i agree that trade is going to slow down. this is due to the war in ukraine, and also the delay of demand from covid. but i think this is just a short-term phenomenon. i guess the next year, gdp growth, will be the momentum of the economy. [indiscernible] haidi: coming up in the next

hour of daybreak, we speak with clsa securities when it comes to what to expect demand and supply. blackrock joining us too. ♪

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haidi: a very good morning. we are counting down to asia's major market open. shery: welcome to daybreak asia. our top stories, asian stocks set for a steady start following a late surge in u.s. tech stocks. treasury yields jump on inflation concerns. samsung earnings are due this hour with a focus on demand for memory chips and it's a galaxy smartphones. plus, facebook adds more