asian market opens. the focus is on what happening in mainland equities. reaction coming through, beijing trying to stabilize a failing equity market. paul: we have been reporting talks of a huge packet, china has a bit of a mixed history. let's see if it can turn things around. annabelle: we have seen those measures falling short in the past. some eco-data, trade numbers are coming out for japan. the trade surplus is narrowing.

exports are rising in line with estimates. imports, tracking those numbers. we're watching reaction to the boj hold. didn't see too much movement coming through. the differential between what we see in treasuries and the 10 in focus.

we track the shares. little bit of currency weakness. the polls back. paul: we're trading for little over an hour. lithium after difficultly.

not a lot of movement. we so yields freezing up. asia trade. walls are closing little bit lower.

very impressive start to the year. is it moving justified. >> the fact is, there are small caps. when you see the rally.

we like specifically financials. valuations, what you're going for. >> we also have this narrative which seems to be enduring.

economic growth, potentially normalized, wage growth and consumption specifically. this is not a base case scenario. over the next few months we will see overall economic growth. we have the chinese new year holiday. there will be a lot more touristy visiting. as a result. more importantly, domestic consumption in the next few months there are more appropriate actions. >> we have to get you views also.

there is market chatter, markets. more reserved, wait and see.

india and japan have opportunities. also in terms of japan, the price-to-book for the nasdaq. they're not that far off.

we understand that it is a start, especially if the government is inclined to inject more capital and help the markets, about how we start. it is to be more needed. >> $5 billion deal would netflix as the streaming giant. up next, the latest live from

new hampshire. this is bloomberg. ♪ thanks to avalara, we can calcusales tax a. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh nahhhh... [inner monologue] another destination wedding?! we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter! cancun! jamaica! why can't they use my backyard?! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans and take control of your financial future with the real-time dashboard and real-live conversations. empower what's next.

j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. annabelle: some breaking news on

ebay because the company announces cutting, >> driving the decision is ebay says it needed to organize and headcount expenses are outpacing growth. they are requesting all u.s. employees from home but they saying it is headcount reduction in something that will result in a more focused, agile and responsive company. ebay shares are private and after hours. a new poll suggests donald trump is getting the most from the eggs and of ron desantis area a 22 point lead nikki haley. voting is underway, for seann.

hailey is the last calendar. jodi schneider joins us. some polling booths are closing, not long towards the end. how unusual is this? betting the velti over. that's very unusual. usually, new hampshire you have a much bigger stage when -- with several dropouts recently including ron desantis on sunday. donald trump is widely expected to win but new hampshire has proven the posters wrong time

and time again. it goes against the grain so that is what she and her supporters are hoping for tonight. she is expected to do well against moderate republican, independence. she is hoping that will be enough to get her over the finish line or a close second to continue the campaign past tonight. the question is, will she be able do that? she has momentum, she will get more donors interested. she does not, it will be hard to continue command donald trump was trying very hard to be the last man standing. the election nominee.

is the diecast. that's the question. if she doesn't do well, it's hard to see how she can continue for much longer. south carolina is it about a month, per home state. donald trump is looking from there. he is ahead of her. if she does not do well enough tonight, which he stated in the

race another month? she may lose her home state. those are the questions. another question is, it is inevitable that we are going to get the same matchup? does this end up in a third party candidacy? some groups say they have been thinking to run a third-party candidate. we will see how strongly donald trump that will be interesting thing to watch.

paul: numerous court battles. is there some benefit? >> she is saying she is the list chaos. there will be enough legal trouble that there would be retired -- so far certainly not with his support. at the court, he's making the case that these cases are witchhunts. he has been able to use the

argument. he has been campaigning from the courthouse. an indictment is one thing, a conviction would be another thing. that could cause republicans to not vote for him if there is a conviction. annabelle: the polls are closing in about 40 minutes. we're going to have special coverage of hampshire primary starting in the next hour. this is bloomberg.

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we are taking a look at some movers, texas instruments gave a disappointing there has been a bit of a pullback in demand much moving a little better, netflix. the streaming giant signed up 13 million customers in the latest quarter. streaming names, track those.

>> it blew away wall street expectations, this is the best ever, though 8.8%. it's important to point out that the addition of subscribers beat projections in every region of the globe with more than 5 million customers added in the europe, mideast and africa alone. netflix warned that the growth will slow the bit but this

should not hurt sales growth. the streamer said it will continue to boost revenue. post-pandemic, but seemed netflix it is fueling on growth when it's crediting the strong state of the programs. netflix makes most of its money from on-demand but it's investing in live programming and video games. the streamer announced it paid $5 billion for exclusive rights to w. paul: let's get more on this. let's have a listen.

live event programming has been in the works, i would not look at this as a signal of any other change to our strategy. paul: that was a netflix president. is this a potential game changer? >> that's what many observers are saying. the co-ceo is pointing out the fanbase will grow. the exclusive rights, to not be the home, netflix plan three

hours of live wrestling weekly. raw will air exclusively on netflix starting january 2025. shares of the stocks charged. it's an agreement that will allow millions of new viewers. paul: a boost on the internet

space. alibaba u.s. an investment vehicle, alibaba was months most valuable company in china. aircraft is years behind sejal. analysts say heightened scrutiny .

shares of texas instruments led after disappointing quarterly forecast but said sales could reach up to billions of dollars, lower than the average estimate. the outlook suggests a rebound. with plenty more to come on daybreak: asia. this is bloomberg. ♪

♪ ♪ ♪ ♪ ♪ ♪ >> china bond, we have seen some

breaking news out of japan. annabelle: pmi numbers for the month of january, for the manufacturing reading it ticked a little higher. unchanged we saw services continuing to hold from the december readings. follows what came through with trade data for december, the signs include chipmaking equipment to china.

paul: as i was saying. csi plunging. serious concerns, policymakers, we have reports to put a floor under equity prices, deposits, government bonds seem to be the place to be. annabelle: yeah. we're seeing the equity market

the economy editor joins us now, this money, does it tell you anything? >> was talking about the need to stabilize his market, maybe get more details. we're going back to 2015 to

bring more money and stabilize to take some time, you could argue some of those measures were counterproductive and it still took a year, so i'm not sure it's going to have the big room. if we are seeing something billions of dollars coming into the market, is all at once? paul: something like 60% of the equity market in china is held by retail investors. the same that in many cases have

had an awful experience and continue to. >> is this going to prop up confidence? quick to hit the nail on the head. these retailers are paying attention, the ongoing property market rises. the competences feeding through into significant issues with the economy. look at the deflationary pressures that exist. we don't see any reason to spend. we're looking at some serious issues.

holding people back from spending. there are a lot of serious questions about what it means. our china economy editor. paul: i know you have a slightly different view on the equities picture, but to give some background, it's not a great year. it's off about 12%, the csi at a five-year low as consumer confidence, you say the selling is rational. >> obviously the selling is a rational.

you never going to every time, if you're at that point, it's like one year or two years. the shortest time is about three to six months. they love it. >> certainly no doubt that it's looking cheap and valuations are looking attractive.

>> i don't think we have to shut down. accumulate about 40%. the reason we're doing that is we are going to keep on buying companies. companies that are undervalued, trading value. seven or eight.

you keep on looking for this,. >> what other companies 80%.

people love them. for example, we are switching from [indiscernible]

we been reported today that there is a stabilization fund. paul: we are wondering if there are any stimulus measures were not like to be helpful? everyone's been talking about where the floor is. [indiscernible] it's not a stock market.

you don't know where the bottom is. just keep on trading, the portfolio is increasing and they are pretty happy. annabelle: you can track more. we have seen the fear gauge for hong kong. tells you perhaps that there has been a sentiment shift for the rescue package. how long is that going to last? what sort of timeframe? >> i have been in china's markets since 2006.

this market, you just don't know where the movement will be. the market rose by about 100% in two months. before that, everyone was pessimistic. i remember that it was about 100%. what i do is increase the value of my portfolio. i keep on trading companies that have been rising. annabelle: on that level of

pessimism, you have been investing in equities for many years. the amount of investor negativity for this episode, how would you say compares to previous experiences? >> let me name a few. 2005, it was a bad bear market. the market plunged so that was horrible. 2014, bear market. these two had four types of people being bearish.

annabelle: those charts were used, interact with the charts shown using tv catch up on key analysis so bloomberg subscribers, morehead, this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh paul: some stories we are

following around the world. australia's prime minister is set to announce changes to income tax cuts, a politically risky move after he pledged there be no alterations to the package. the top rate kicking in at 190,000. opposition for each election rules. the move forward already one almost 40% of the popular vote.

israel and hamas have agreed to exchange processes -- hostages during a possible month-long cease-fire. sources say the deal is being held up over a permanent truce. the report says civilians first, then soldiers. annabelle: the south african justice minister says upcoming elections have nothing to do with his moved to take israel to the court of justice. israel has denied that they are committing genocide in gaza. >> there was no political consideration area we have been campaigning on israel and palestine many years. >> why now?

>> i have already told you, it's not now. even former president has done it. it's been a long project, as you have said, long-standing relations. there is no consideration of elections at all. the fact is there is an ongoing genocide's needed to be attended to. it has nothing to do with elections. basis of principal and the basis of our signatory to the genocide convention.

>> has been a lot of opposition to this case, we heard from the united dates that call that unfounded, france said it parses a moral threshold. were you surprised at the level of criticism you got? >> it was not dismissed by substance. everyone can be able to see, that's what south africa has

done. that is what we expect. continue to engage. annabelle: that was the south african justice minister. become part of the conversation. this is for bloomberg subscribers only. check it out at tv . ♪

annabelle: alibaba's u.s. shares reported -- let's bring in an executive editor. from the reporting it seems the stock jumped.

>> shares jumped about 8% the purchases jack ma is no longer involved, trying to get alibaba back on track. kind of in a difficult spot, the market cap he before the news came out, largely because with the business model and now they are leading an effort to get the

company back on track, and also to get from under the thumb of regulators in china. paul: what is the outlook? >> they're not speaking publicly , the idea you can buy in at the market cap or perhaps lower, that's a good opportunity financially. they know that sounds a strong signal of competence. if you are buying in like this, send a signal. the prospects are quite strong.

it's been pulled back and tamed with a strong strategic positions. paul: bloomberg executive editor. that's just about it. futures are trading. funding to prop up and stabilize chinese stocks. stay tuned for our special coverage, next. [speaking chinese] ♪

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