it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. >> good morning.

this is daybreak europe. chinese property stocks surged as the nation rose for the support measures including lower down payments for homebuyers and loser mortgage rules in major cities. the msci asia index rises for a sixth straight session. u.s. futures getting over the latest jobs data. plus, the race to dominate the global market heats up. mercedes i'm on latest concept cars. thank you so much for being without this morning. let's take a look at futures. it is a u.s. holiday. we are seeing that the s&p is

off to its early -- off its earlier highs. s&p futures are steady. thank you so much for being with us. >> we are off the property sector. they are leading the charge today. you can see the shares listed in hong kong. those are rallying on the latest property support measures. there is distress in the chinese property sector.

especially since over the weekend, we got news there hubs out of the major cities. they are tracking developers out of country garden. it is also said you have made payment on a denominated bond. this could be the longest winning streak since late july. >> thank you. there was, in singapore.

there are further support measures including lower down payments for homebuyers and there's a mortgage rules in major cities. what are traders you are speaking with hoping to see more from authorities? is this doing enough? it is a combination of policies, lower down payment ratios. this depends on whether there is more follow-through from beijing

and whether they can manually return to the market. >> we see xi jinping making some comments that the markets were reacting to. we mention whether or not this may be enough of the market. is there anything really new for the markets to get excited about with this recent announcement? >> this has been said over and over again by chinese authorities.

a lot of negative news in the market. >> thank you for that update. let's turn to the markets. we are betting that the fed is done. jeff rosenberg said to your treasuries are screaming by in the wake of slowing u.s. implement data. thank you for being back on the we missed you.

that was led by the front end. we have the u.s. consumers showing signs of weakening. those are some good hints that those two year yields could be screaming by. we have been had faith so many times this year. is this just another head fake? is the u.s. economy going to continue to hold up stronger? we put this farther and farther up. we see that weakness when it comes to the treasuries, those 30 year yields, those 10-year yield.

>> maybe we still need to watch and see what actually happens. we will stick with us for a little bit. we will turn to cars. this is a big weekend. mercedes is intensifying its bid . the automaker has unveiled a concept car with a longer range than any tesla model on the market. oliver is joining us now from the iaa car show in munich. will this actually succeed? is this something tesla should be concerned about? questions trying to get into this entry-level market, bmw

loss of that as well. this is all about proving this auto industry that has led the road and can continue to do so. but tesla is not going out without a fight. before anything started front runner things, cutting prices yet again. revamping the model three. that is how mercedes is viewing that. >> our goal is all around volume. pushing volume. this has been working went well for us. >> if you bought a tesla for 120

grand at the beginning of the air and you can get it now for may -- maybe 40 grand less as a client, you might not be too thrilled about that. >> we have been talking about china all morning. >> for the chinese automakers, this is their moment to shine here. now we are trying to break into the international stage. we are trying to bring these models in front of european customers. we asked him about the competition coming from china. >> china has the largest car

market in the world. there is an industry development to supply that market. it also goes on a global scale just like we do. let's embrace them. let's try to have a fair competition for our customers. request comfortable with the fact that the competition is here. but for mercedes and bmw it is a bit of a different question. we have the upper end of the market locked down. the bigger concern will be for the more mass-market manufacturers here. that read more like a eulogy.

>> volodymyr zelenskyy is repricing his defense measures after allegations of corruption in military supply purchases. -- let's take a look at some of the other things we are keeping it -- keeping an eye on this week. the equity trade will not be traded today. tomorrow, the latest rba decision, bloomberg economics expects the central bank to hold rates and on thursday, china trade data for august will be in focus.

-- bigger than expected supply good and up when you bid on treasuries. maybe there are some in the market getaway for this corporate bonds apply. >> traditionally, we have seen this. >> thank you for joining us. great to have you back here.

you can get around about the stories you need to know to get your day going. solesky removes his minister as russia strikes. we will bring it has later on in the program. we have the mercedes-benz with oliver, the new eb version. terminal subscribers, we can go to d.a. why e go. we take a look at markets as -- they are betting that the vent hiking is over on the two-year. that is next. this is bloomberg. ♪

>> credit is screaming cell.

equities, the riskiest play in equities will be a screaming cell. >> i'm talking about big tech. but we need to look at hybrid tech. >> bond investors as mentioned from rock rock to pimco, betting that the fed hiking cycle is over and calling a buy on the two-year. we heard that from a number of strategists. what do you think? is that a good cause? is that too early to tell? >> it is a bit of a premature call.

they are trying to engineer a soft landing but the fed has said they need to see the labor market numbers -- jobless numbers rise up to 4.5%. we are a long way off from there. we have the fed approaching them. we are not there. they have started trading at a premium.

>> let's move from the u.s. to china. we see chinese stocks jumped in hong kong after some of those poverty using signals. we heard some of these promises have been done before. >> i think all the steps are in the right direction. they are part of the economy that is really troubling the chinese policymakers. -- that is on the way to address problems with the real economy. i think they --

the yuan actually fixed it stronger. -- >> let's move to oil then. we are seeing it at the highest is november. >> i don't have a strong view on oil prices. but i can tell you is that the second round effects is not going to be good news. particularly for the european central bank and the fed. prices are pretty strict at this point. the surge in oil prices is not good news from the you see the perspective. especially given slowing growth.

what they want is loan growth and higher inflation. thank you so much for your time. >> we will be right back. this is bloomberg. ♪

>> welcome back to bloomberg daybreak: europe. leaders are gathering at the inaugural africa climate summit in nairobi ahead of the company a gathering at a late this year. they are focused on how to save the continent from climate catastrophe and uplift his people from poverty.

let's get more with anthony in nairobi. you been all over a lot of these issues. one of the top climate issues that african leaders are planning to focus on at this summit? >> think it will focus on what they always have. the promise to provide more finance or annotation mitigation. we will be pushing the currency on what that means. i think there will be a change.

they can provide a partial solution. >> and, we have talked about this. this is a country that is almost 90% forested. it has been really critical to this whole climate discussion around africa. the president was scheduled to speak at the summit. but he has been under house arrest since that military coup last week and a new leader is reportedly -- reportedly being sworn in today. what is the word on this? >> we don't know where the bonds climate emissions are? they were driving that agenda. they have been pushing hard to get a new form they are effectively keeping this intact.

it remains to be seen what the new leaders will do to continue with that. whether they will remove lee white who has been pretty instrumental. everything is up in the air. >> we hope for his well-being. we just wanted to finish on this. you have covered these conferences. i wonder what the significance of this was. what you think people should be paying attention for? >> they are really pushing to become a climate leader. they want to have this conference on wednesday.

there are a few obstacles -- that is what makes so much more significant. the u.s. is on holiday.

also taking a look at china. we will look into why and what it naturally means for the group. that is next. this is bloomberg. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds,

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>> >> good morning.

this is daybreak euro. these are the stories this at your agenda. chinese property stocks surged as the nation was out for the support measures including lower down payments and major cities. u.s. futures gaining after the latest jobs data boosts optimism that the fed is potentially nearing the end of his tightening cycle. plus, the race to dominate the global ev market is heating up. both bmw and mercedes unveiling the latest concept cars aimed squarely at chinese consumers. we are live from the ia car show. let's look at what futures are doing this morning. it is a u.s. holiday. we are seeing a bit of green as it starts out. just over .2%.

the u.s. job market is closed. we did see some highs following a string of good positive data that we saw over the past few days in the u.s.. oil, we have been talking about. we have been seeing that will extended its valley and is headed for the highest level since november. there is brent crude oil. up about 6%. almost 7%. that is on expectations that the supply cuts by opec-plus leaders might --

it is nearing the end of its cycle. real estate in china is really front and center. especially for asia-pacific investors. if you look at some of those property measures that have been rolled out in the past week, they have been showing some intact. they showed homes as transactions surging. these measures are actually related to how there could be that cutting of the down payment home buyers as well as the encouragement for lenders to cut the rates on existing margin -- existing mortgages. this is all for the property sector in the country. they are leading the charge.

-- and i are seeing some positive development out of country garden. the distressed property, the developer is still not avert a default. it also managed to get approval for an extension of the u.n. bond. all of these positive signs for china's property sector are helping to lift the sentiment in the region. >> we will see if that ever sticks. >> let's take on china. xi jinping is expected to miss the g20 summit for the first time. his absence coming as china and india clashed over a border dispute. after they were on stage at the forum -- agreeing to expand at the coalition, let's bring in

jenny march in hong kong. what can we read from the g20? is this a concern we really need to be paying attention to? >> this marks a shift in the way that she operates. this will be the first time since he took power. gracie would engage and enter difficult questions on the world stage. his decision not to do that sort of just removes him from this conversation. it underscores the growing divisions with the g20.

i was like, vladimir put in turning up this year. -- because of the divisions between the u.s. and china. perhaps his decision to skip the event says more about the g20 in some ways. >> we also saw gina raimondo, she was in china last week and she was talking about the progress these two nations have. but also said many chinese investments in u.s. actually harm society. as you mentioned, this could be concerned for china and the g20. are we seeing another shift in relations between the u.s. and china? >> the u.s. and china are talking again. i think the trip was the most fruitful. she came away with equipment for these two working groups. one of commercial issues and the other on trade curbs and how they will work.

they are talking more. the barber progress is the disagreements. even john kerry stocks, we are talking about the environment. he did really come away with much other than to agree to talk more again. finding areas that these two sides agree on is becoming more and more difficult. quick from the u.s. and china to now. there relations are also in focus. we spoke with the foreign minister from italy over the weekend. >> the message is very much that we want to work with china. they are a competitor for us. we want to work on the chinese market.

we need a level playing field. >> talking with -- talking but there are not this is actually beneficial is unclear. what did you make of his comments in particular about this relationship? >> at if this is emblematic of how europe will do with china. this becomes much more alive. there is sort of a reshaping in that economy. this is from parts of china's economy. i think joining the g7 -- if they really became an outlier in

the g7, coming very close to china -- now it is kind of a different government. they are trying to calibrate how they operate in china. to do de-risking. they want the benefits of trade but they don't want to be seen to be reckless. and how they operate with the country, that is seen as an expanding military power that is not aligned with the political values and democratic forms of governance. >> potentially want to get on both sides. jenny, thank you so much for your time. thank you for that analysis. really helpful this morning. we heard about from in of these foreign minister. he also told us the plant sale may be accelerated to boost public finances as growth stalls. he is a junior ally in the government coalition and the government coalition an effect of privatization bush.

-- push. >> not only the bank but for our budget. this is about deciding which sector we need to achieve these results. >> all right now. let's turn to the german can become a mercedes. the german luxury band is using the unit start to wrap up the challenge to elon musk's evey leaders. this is sharply focused on serving as customers. >> our goal is value over volume.

>> i think we have to take a little bit of a cautious stance on that. you have to see how things develop and not expect rapid growth as far as the economy is concerned in the short-term. >> this car show will be marked by chinese automakers bringing cars to the market. why do you view that in your home turf here? >> the automobile industry is in transformation. we respect them.

this is focusing on the mercedes customer to give them the perfect blend between technology and desirability. >> what can we expect from your announcement today? >> we are announcing that there will will be a little g. we have not denounced timing yet. if you wait for something good, it will be worth the wait. >> oliver has been doing some window shopping at the car show in munich. also, giving us the news. you mentioned talking to the coo there.

this is the home turf for mercedes. request that is right. you are very excited about the g wagon. but it is all about the battle of the electric vehicle here. that is underway. you have tesla and the chinese competitor legacy automakers really scrambling for what the future of this industry looks like. also, whether or not they will be able to sustain effort tesla. front of the auto show. cutting prices again. also, the revamped of the missouri rain. that does not come into production until 2025. you have to ask if time is of the essence here. they are introducing their brands to the european market. >> we are taking a look right there at some of the customers.

-- >> what did that coo tell you? >> they launched their new model four. we wonder what these cars even look like going forward. i asked him because these chinese automakers are introducing to their products -- introducing a product on the market. when will they start manufacturing cars here in europe? i asked him about the competition and how he sees that here in germany. >> china has the largest car market in the world. there is an industry developing that at some point in time also goes on a global scale just like we do.

>> mercedes and bmw come from a place of power. they have tried to focus on that upper end of the market. the question is for the legacy automakers in the market. how are they going to fend off this? there is not enough tension in the auto industry. they have to cars floating in the water. they are protesting against omissions. >> let's look at this. thank you so much for your time and reporting. coming up, zelensky is changing ukraine's defense chief. we will find out why. this is bloomberg. ♪

removing ukraine's defense chief who served throughout russia's invasion of the country. maria, good morning sue. talk us through this move. what is the significance? >> he will dismiss his defense minister. we should note a lot of this has to do with possible allegations.

the issue has to do with the ministry over for items like food and uniforms for soldiers. sometimes there is money swirling around. i am not sure this will also the battlefield. that takes me to my seven -- my second point. there are weapons that he receives from allies. there is no hint of corruption. lastly, there is a political aspects to this. president zelenskyy has been very clear that he wants to be the administration that tarnishes or removes corruption from the government of ukraine.

this has been a perennial criticism of the rainy government and a lot of this feeds into the aspirations of the country. there would be a key demand from the eu. >> let's stick with the political aspect as well. what is the expectation of this meeting with line and russia? >> i am not sure if there is a term. that is a goal of this meeting between -- and i we should note that for a while, there is speculation that maybe vladimir putin will go to turkey. national the goal of this meeting is to reinstate this deal.

that makes any chance you see across the black ship potential knowledge targets. ukraine also retaliated. a lot of tension going on in the backseat. present are due i will try to get every installment of this great deal which i note -- we should note that present erdogan is one of the very few international leaders that maintains a relationship with vladimir putin. vladimir putin has been isolated by western leaders. he is not going to the g20. this is the first face-to-face we see with other international leaders. >> very significant timing for this. thank you as always for your reporting. we will be speaking with the chief diplomatic advisor to ukraine's president vladimir

zelensky. think with us for that exclusive interview. this is bloomberg. ♪ ng your flu shot, cvs is pretty... flex. wanna schedule one online while prepping dinner? gravy. avoid the wait by scheduling for you... ...or the whole crew. or if you prefer to just pop in? do you. and if you wanna even tack on a covid-19 vaccine to your flu shot, feel free! and speaking of free? our flu shots are... well... free. really? yes, really. healthier is getting a flu shot on your schedule. cvs. healthier happens together.

>> let's check in with the markets. it is a quiet sessions so far. the u.s. is on holiday. what is on investors' minds this week? >> there are three main themes this week. it will be a very quiet session day with the u.s. out. a lot of our minds will be on this deluge of corporate bond supply that we usually get in the month of september but given the fact that we have in inflation print in mid-september, we might have a lot of issuers rushing to get this done in early september. do we have a heavy week of bond supply? does that continue to weigh on the treasury market?

the next thing for me is those fed speakers. we hear from in of those this week. this is one of the most influential speakers. we hear from the new york fed president, john williams. he is speaking to bloomberg, hosting a panel. if there is any nuance that the fed wants to tell the market before this blackout time begins, it will be this week. did they possibly concede see the pause is on the cards? did they finally admit that? or do they keep this threat of an additional rate hike very much on the table? speaking of additional threat rate hikes from the ecb, she speaks at 2:30 p.m.. the ecb has been a bit more hawkish.

-- maybe she's sounds a bit more in her speech. chris valerie, thank you so much. thank you for all of that. let's take a look at futures. as we mentioned, a steady s&p 500 index had his best week last week. the u.s. is on a holiday today. that is for the start of the first full week of september. let's take a look at oil. we mentioned how oil has been moving this today. that expectation that opec-plus might tighten the market. we are looking accrued right

there. there is expectation that potentially down the road, saudi might also make some cuts. a lot of traders paying very close attention to this. up next, markets today, this is bloomberg. ♪

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anna: this is bloomberg markets