let's get you to paul allen who has the first word headlines out of sydney. ul: thailand could revive the quarantine visa program for travelers. the country has recorded a jump in new cases but far below the peak during the delta wave. the task force may consider the proposal to restart the test and go program on thursday that helped attract about 350,000 visitors in two months. president xi jinping has called on nations to secure global supply chains and prevent inflation shocks. it is the third time he has spoken of the event. china was seeking to minimize economic and diplomatic instability as xi prepares to keep our in the second half of the year. >> the fundamentals of the chinese economy are characterized by strong resilience, enormous potential, and long-term sustainability. those remain unchanged. we have every confidence in the future of china's economy. david: the taliban wants china to help its government gain official recognition in the international community. along with the u.s. and allies, russia and china are yet to recognize the taliban admini

i am paul allen. coming up on -- this is bloomberg. haidi: the chinese president's wide-ranging address. a geopolitical expert joins us to interpret those comments. searching yields as investors ramp up expectations for rate hike. christopher smart joins us with his outlook. this is bloomberg. ♪ haidi: let's look at rio tinto trading at the moment after the mining giant sees again in the fourth quarter when it comes to iron or production. down by over 1.5% at this point. the top iron ore producer in the world reporting an uptick in quarterly shipments for that enabled it to meet guidance. looking at the expectations for 2022, there were delays to one of the minds but also upbeat when it comes to the demand they expect to see for this year. certainly not upbeat when it comes to the share price performance so far in the early session. david: broader conversation. commodity prices a big source of inflation and risks to inflation. a massive route in government bond yields. the german 10-year approaching p

let's get over to paul allen for more. paul, what impact did the court say?ffirmation of what had been put in place by the government and they didn't have a lot to do? paul: it was always going to be very hard for the lawyers to and turn the powers of the immigration minister. three justices, the decision unanimous, that the government was able to deport him on health and social order grounds. in that regard, the government argued that he was a high-profile skeptic of vaccines, and having him in the country would give voice to anti-vaxxers, and also undermine support. djokovic's lawyers argued that he is not anti-vax, and deporting him would more than likely stoke the anti-vaccination movement. but you have to remember, melbourne was one of the most locked down cities in the world. it had a terrible time in 20. more than 90% vaccinated. . and with elections in a few months, the optics of allowing him to stay in the country would not great for the government. so prime minister scott morrison is welcoming the decision. haslinda: the thing is, djokovic was repor

>> good morning, i am paul allen in sydney. >> i am shery ahn in new york. welcome to daybreak asia. the fed sent to pressure asian traders. this nears the start of trading. and samsung earnings dude this hour. investors waiting for cruise -- clues on whether a similar industry will emerge from this downturn. this is to the tune of a 10th of 1%. this is pushing just below 2.7% on a very hot inflation print. this is the fastest since 1990. bonds are pushing higher as well. nikkei futures are looking modestly higher. this pushes through the $90 a barrel. >> u.s. futures broadly positive at the open right now. there is the reversal during the new york trading session. equities were firmly higher during much of the session. then you had fed chair powell's press conference and maybe him taking a more hawkish tone. not ruling out rate hikes on every meeting. u.s. stocks lower for the day. you can see that future trading at the moment is pointing higher. the fed decision all but confirming a march rate hike is in the cards. kathleen hays in here with more. is it fa

paul: paul allen in sydney.any other countries are trying to put them behind them, but it is not really working out. even china, now reporting its first global cases of omicron. two infections found in a port city just weeks before the winter olympic games are set to begin. for the latest let's bring in our chief north asia correspondent stephen engle, in hong kong. what is being done to contain this latest flare-up? stephen: they are speaking to the zero-covid strategy that has helped contain china and surrounding areas from omicron until now. we had the first couple of cases , community-transmitted cases, in a port city to the southeast of beijing, three weeks ahead of the start of the winter olympics. there is obvious concern that it is coming closer to the winter games that start on february 4. we all know about the lockdown and the public outcry's, people being contained in their homes. the entire city of 14 million in ci'an. -- the entire city of 14 million people in xi'an. we heard that they want to test

paul: i am paul allen. major markets open for trade.stors weigh interest rate worries that drag u.s. stocks from a record of expanding decline in treasuries. oil rises with opec-plus agreeing to provide more production as global markets tighten. too big to fail? huarong set to resume trading after a state backed bailout. shery: japan and south korea coming online. a mixed open for the nikkei. the nikkei being dragged lower by information, tech and health care. although financials and energy are gaining. that is a tech heavy index for the japanese market. with the yen still holding about 116 against the u.s. dollar. near a five year low as we continue to see u.s. dollar strength. not to mention less safe haven demand for the yen given less concerns about the severity of omicron and diverging policies within the federal reserve not helping the currency. we are watching virus concerns as we saw, tokyo seeing the most cases in three months. same thing in south korea where we are continuing to watch virus cases rise. the -- down .3 percent a

paul: i am paul allen in sydney. asia's major markets opened for trade. risk despite the virus threat to read u.s. stocks starting the year at record highs while treasury yields surge. cases surge worldwide, but studies show omicron has less severe illness. the jury of the elizabeth holmes trial deadlocked on three counts. shery: take a look at japanese stocks coming back from the new year holiday. every sector in the green with utilities and information tech leading the gains. the japanese yen continues to see weakness. unchanged against the u.s. dollar, 115.32 level. we see the weakness given the dollar strength we have seen the highest since mid-november. you can see on the left the opening ceremony at the open -- tokyo stock exchange as the market comes back online for this first session of 2022. they ended 2021 on a sour note, but still positive territory for the year. the kospi, the second day of trading for south korean stocks. after ending higher yesterday, we are seeing it is muted. we are seeing the korean won under pressure given the strength o

paula: good morning, i am paul allen in sydney and we are counting down to asia's market open. shery ahn in new york. welcome to "daybreak: asia." worries about fed tightening cause stock concerns. the rate hike may be more aggressive than expected. cryptos stabilize after a weekend rout t

. >> good morning, i am paul allen in sydney. >> i am shery ahn in new york. asia. the fed sent to pressure asian traders. this nears the start of trading.

. ♪ paul: good morning, i am paul allen and sydney. shery: i am shery ahn.loomberg daybreak: asia." a 50 basis point hike in march possible. china's manufacturing sector loses steam, and a housing market

paul: good morning, i am paul allen. shery: i am shery ahn. welcome to "bloomberg daybreak: asia."s said to open weaker after a selloff in u.s. tech. minutes suggest rate hikes may be more aggressive with a faster trimming of the balance sheet.

paul allen joins us. we were talking about this robust bounce back from the lockdown. paul: the robust ounce back is still in the cards but delayed. as you mentioned, numbers coming down a little in australia though the true story is probably masked by all of the chaos happening around this. not just pressure on the hospital situation, the omicron surge but also the supply chain. so many transport workers told to stay home. leading to empty shelves again in australia but for different reasons but the rules being changed where some transport workers are being told the come to work anyway even if they were in close contact. as far as the investment houses are concerned, damage done. goldman sees 38 million hours lost in january. it has cut its growth outlook for australia down. citi's has cut its outlook to 1.3%. the banks see growth recovering in the following quarters. shery: i don't follow sports but this is one story we continue to watch. novak djokovic finding out today if he can leave immigration detention to play in the australian open. what are we expecting? paul:

i'm paul allen in sydney, counting down to asia's market opens.hery: welcome to ""daybreak asia," our top stories, asia starts off to a cautious start after whipsaw trading on wall street. investors look ahead to the fed decision. rush's vladimir putin at risk of sanctions over ukraine. europe struggles to form a unified strategy. and nvidia could abandon buying arm from softbank after struggling to win approval of the purchase. paul: quick look at trading in asia pacific, new zealand still the only market open, struggling , only up about .1% right now. trading in australia today -- no trading in australia today, a public holiday, australia day here. nikkei futures pointing to a weaker open to the tune of 1.5%. week selling yesterday on the nikkei as well as many markets in the region. the s&p 500 pointing lower now .7%. crude sideways away, back to where we were monday morning, $85.31 right now, bitcoin struggling to gain traction, pushing towards $37,000. keeping and i on that as well. shery: cryptocurrency is looking forward to what happens wit

paul allen has been tracking this story from sydney. good to have you with us. s this court decision actually mean? is djokovic free? paul: at the moment, he is free, and his lawyers argued two prongs. proper procedure was not followed at the border, he could not respond properly to the cancellation, and secondly you had a medical contradiction to covid because he tested positive on december 16. the judge ruled he should be immediately released from immigration, detention he should have his passport and belongings return to him, and the government should pay costs as well. during the hearing, the judge said, what more could this man have done to assure his entrance into australia? he ticked every box. dani: but of course, this kicked up a lot of frustration given that it is so strict in australia for its own citizens to come home. so what does this decision mean for the country's strict covid and immigration policy moving forward, paul? paul: it is a good point. this isn't over yet. in at the closing moments of the hearing, the government lawyer said the minister

. >> paul allen joining us from sydney. yvonne man from hong kong and kathleen hays from new york. let's get over to vonnie quinn what the first word headlines. >> u.s. surgeon general says the countries covid outbreak could worsen in the short term. murphy called on health officials to close the gap with a severe shortage of testing. despite an increase in screening, that is still not enough to meet the spike and infections. he says the u.s. faces a tough few weeks ahead. a new poll shows most americans -- the cbs news survey suggests price pressures are the biggest challenge. headline inflation is at the highest since 1982. a separate survey indicates the president's popularity among black voters has plummeted. u.s. labour party leader says boris johnson broke the law and lied regarding parties at number 10 downing street during the lockdowns. the controversy is still -- some members of his party calling on him to step down. however, all of says now is not the time for a leadership battle. iran says it is seen a huge rise in oil sales over the last 10 months. officials are factor

. ♪ paul: good morning, i'm paul allen in sydney. sherry: welcome to "daybreak: asia."s look for gains, treasury yields continue to climb at a slower place. will get samsung earnings this hour. >> the st. louis president reimposed -- reinforces the hawkish

i'm paul allen in sydney, counting down to asia's market opens.k asia," our top stories, asia starts off to a cautious start after whipsaw trading on wall street. investors look ahead to the fed decision. rush's vladir

paul: i'm paul allen in sydney. counting down to asia's major market open.i'm shery ahn in new york. welcome to "daybreak" asia cautious open aztec drag down u.s. -- as tech dragged down u.s. stocks. the feds most of his policymakers shifted. now backing to

i am paul allen in sydney counting down to asia's maker jor marczyk opens. >> our top stories, investorspite the virus threat. treasury yields surge. omicron cases soar worldwide but more studies suggest that the

. >> we are now moving on to public comment for thisitem and we will hear from mister of paul allen first . you have three minutes. >> caller: good afternoon, thank you very much commissioner honda, other commissioners. thank you for your time. speaking on behalf of corbett heights neighbors with filed our brief in opposition. we urge the board to deny this appeal. on merits the administrator was connected correct in denying the rear yardvariance because of the proposed new building would occupy the entirety of the newly severed lot which has already been discussed . that issue which has come up during the dialogue is central both to the variance issue and to the cua. we acknowledge this board has a de novo review standard but there is no bait principle to base this on which one could modify the administrator's decision. this is not a case where the applicant is only a few feet over code but perhaps was unfairly dispatched by a zoning , zealous zoning administrator. to the contrary when the planning commission requested cu in connection with a rear yard requirement in the corona heights s

paul allen has been tracking the case. where are we with this and what is the latest? at lunch but the hearing will resume in 50 minutes time. but they have argued that the procedure was not followed. that he was not given access to advice at the border. djokovic says that his phone was taken away. he could not talk to his people to get border force the information that they wanted. his team is arguing that he had support for a medical contradiction that prevented him from getting the covid vaccination and that is that he tested positive on the 16th. the government argued that if he tested positive on the 16th, that give him onto a time to recover and had he been double vaccinated, he would have been allowed into the country. prior covid infections were removed as a vaccine contradiction back in december. djokovic says he would not heave -- knit -- he would not have even bothered coming to australia if he knew he would be denied entry. but the asked what more could this man have done to ensure his entry into australia? >> what is the sense out there? what are the chanc

paul: good morning, i am paul allen and sydney. shery: i am shery ahn. welcome to "bloomberg daybreak: asia." a 50 basis point hike in march possible. china's manufacturing sector loses steam, and a housing market drop drag on activity of small firms. the u.s. and u.k. work on russian sanctions rebound, the pentagon says putin is still boosting troop levels around ukraine. paul: let's look at how we are trading around australia and new zealand at the moment, it is a staggered open but we are off to the tune of about .25 of 1%, new zealand paring some of its early gains, 1% right now after we saw a positive close for u.s. stocks at the end of last week. nikkei futures headed for a brighter open, a lot of markets will be closed today for the start of the lunar new year holiday, there will not be any trading in china or taiwan or south korea, vietnam also closed. crude oil still trading, continuing to show gains, although more modest compared to what we were getting used to, 87.54 four a barrel. s&p mini futures have begun trading, pretty flat right now. i

paul: good morning, i'm paul allen in sydney. sherry: welcome to "daybreak: asia." asian stocks look for gains, treasury yields continue to climb at a slower place. will get samsung earnings this hour. >> the st. louis president reimposed -- reinforces the hawkish approach, predicting rate lift off as soon as march. paul: let's look at how we are trading here in australia in the first few seconds of trade. something of a turnaround which we will take after the big sell down we saw on thursday with the asx lower by 2.75%. we're keeping an eye on james hardy, the ceo has been fired after employees raise concerns about his work related interactions. james hardy says he materially breached the code of conduct at the building products manufacturer. so that is a stop to watch when we get going. keeping an eye on uranium stocks as well which performed well despite some of the selling we are seeing in australia this week. new zealand has been trading for a couple of hours now, better by .10%. a strong -- a strong greenback. shery: we had some pressure in the new york sessio

paul: good morning, i am paul allen. shery: i am shery ahn. welcome to "bloomberg daybreak: asia." asian stocks said to open weaker after a selloff in u.s. tech. minutes suggest rate hikes may be more aggressive with a faster trimming of the balance sheet. omicron also waiting on investors minds with strict virus control measures. paul: currently weaker but what if of 1%, we have a staggered open insignia. the downtrend evident at the moment as one might expect after what we saw in the united states with a considerable selling on major indexes after the fed indicated a faster path of production and implication tightening as well. new zealand has been treating for a while, off by .551%. nikkei futures off but -- shery: we continue to watch the u.s. futures base, we have that selloff in stocks and bonds deepening in the new york session, tech shares took the brunt of it. we continue to see a bit of pressure but muted at the open when it comes to futures right now. we are seeing wti reversed with some of those earlier games, u.s. inventories fell for a six week and that sent the price

paul: and i'm paul allen in sydney. asia's major markets have just opened for trade.cks looked to recover losses triggered by powell's hawkish tibbett. -- pivot. the dollar jumps. apple has record sales and signals it has tamed the supply chain crisis. china bricking up evergrande to contain the private sector crisis. shery: japan and south korea coming online. you're seeing upside for the nikkei and topix growing 1%. the nikkei taken to the lowest in november 2020. the topix in contraction territory, so we could see movement in the opposite direction. we continue to see significant weakness given the focus on the divergence between the boj and the fed. this as we are also getting core cpi numbers, missing expectations and coming in at 0.2% growth year on year for the previous month. take a look at the kospi right now, gaining 0.4%. we are also seeing one of their stocks that we have been following, sk hynix, which came in with operating profit that beat estimates, now gaining more than 1% at the moment. this as the kospi just entered a bear market after falling for t

paula: good morning, i am paul allen in sydney and we are counting down to asia's market open. shery: i am shery ahn in new york. welcome to "daybreak: asia." worries about fed tightening cause stock concerns. the rate hike may be more aggressive than expected. cryptos stabilize after a weekend rout that has a raised more than $1 trillion from the market value. plus we speak exclusively to the suntory president and ceo about the pandemic, wage inflation, and changing consumer trends. paul: markets just opened in australia and unsurprisingly we are seeing some selling, the i.s. -- the asx 200 already of. we saw some selling last week. new zealand has started and has gotten weaker ever since, of more than 2%. nikkei futures are flat as our futures for the s&p. the aussie dollar is at 0.7176 . we will see how things evolve, but right now of one third of 1%. haidi: the roller coaster ride for cryptos continue. shery: many of them were crushed in a brutal selloff that has raised more than $1 trillion from the market value. bloomberg's su keenan joins us with the latest. we are seein

. >> we are now moving on to public comment for thisitem and we will hear from mister of paul allen firstied in favor other than the applicant. finally a marketing fog of the terms of affordable and mixed affordable or below-market rate has enveloped this project for 33 months but the administrator declared in his decision the obvious and that is this project wouldhave no effect on the supply of affordable housing and why? because the two big units are market rate . . . there is no legally enforceable obligation despite appellant's occasional comments to the contrary to maintain or to ensure they are not made available as short-term rental . in short there's no principled basisto grant the appeal. i want to make two other quick comments . mandolins corner lot legislation would not even comply with that because you have again. lot coverage which under minimum legislation is not even permitted. in short this project does not meet code and we fail to see a principal basis upon which to grant the variant orgrant the appeal >> thank you mister allen and we will go on to the next speaker. pleas

we have paul allen in newbury park, california, democratic color. we will go to you.ler: thank you. i am 74 years old and living in terror of having to live in a dig tighter ship -- in a dictatorship. i think we need to change the rules. they came from the jim crow era to begin with. if we don't, we are going to lose our democracy. i don't think the democrats will be able to win another election after the midterms if the current states' cheating continues, and i don't know what happened to our senate. they just caved. they were honest right after the interaction, several of them, and then something happened. i have no idea what. i am a guy who is retired and living in terror of having to live in a dictatorship the rest of my years. i don't like it. host: tracy in arizona, republican. good morning to you. we lost tracy. darrell, simpsonville, south carolina, democratic caller. caller: how you doing? host: good morning. what do you think should happen here? change the rules for voting rights legislation? caller: i think they need to get rid of the filibuster. i have see

allen? >> thank you so much, paul. >>> it is a huge weekend for sports fans with an emotional return on the basketball court. vern glenn joins me now. >> what an epic sunday. say hello to victory monday. the 49ers had an epic comeback. jimmy garoppolo led the 49ers 88 yards when they just had to have it. 26 seconds left and then robbie cool would have the game win and they trailed >> just to come out the way we did, it means that. they shed a few tears and we still have a long way to go dallas nextd u can watch them followed by the fifth quarter post game show with your uncle vern . the cleveland cavaliers and the founders, thompson scored 17 points in 20 minutes. golden state beat cleveland. the joint was john payne we get to see him again tomorrow with warriors at the memphis grizzlies. >> thank you so much, vern. >>> coming up on kpix 5 and streaming on cbsn bay area, the better business bureau is warning against online scams and how to avoid falling for this. >>> streaming today on cbsn bay area , >>> the better business bureau says online pet scams continue to be a problem during the p