shery: let's focus on china.have been speaking about how bleak the demographic outlook is for this country. will we see what we saw in japan when it comes to graphic -- demographics? what will that mean for the economy in china? simon: if you forecast the population out until the end of the century, japan will probably shrink 50 plus percent and china will shrink between 45% and 50%. that is very similar rates of population shrinkage and population aging. what does this mean for the economy? i think it is inherently deflationary. we are living in an inflation scare now but if we look further deflationary pressures from technology and demographics continue. i think ultimately this means that while interest rates may spike in the near-term they might trend lower long-term. shery: what does beijing want to see when it comes to authorities in china trying to shape societies next generation? what strategies could they roll out? simon: they are trying to turn around a birth rate falling quite fast, at a double-digit de

shery: larry summers speaking with bloomberg.ing with the boe, market watchers say the bank is in a bind. what is the reading? annabelle: we spoke to us and said the boe has found itself in what he calls the ecb situation. another measure to contain financial risk. he says these things are in conflict. it was going to be hard to do so. mohammed's view on the program of major tax cuts, he says that is a big gamble and he thinks the boe is going to need to raise rates by 100 basis points that is not off the table. in terms of policy makers, we understand pay has been very critical of policymakers being slow to act and he spoke to us about how that is feeding in to what we're seeing in market action. >> we have to buckle our seat belt tighter and recognize policymakers contribute to volatility. this is going to be incredibly bumpy. annabelle: recession risks are building. stanley says the risk of recession in 2023 is all but certain and could be deeper than many people expected. the reason is he is pinning this down to fed policy ov

shery: shery: i always find it is better not to mention the word peak. know for a fact garfield gets mad at me when i question, where is the peak of everything? [laughter] dollar strength. we continue to see the narrative of where bond markets and returns are going. when can we expect the dollar strength and bond yields to part ways question mark steven: can i use the word peak again? [laughter] just so i can focus on the dollar. i think at some stage they will be at peak. whilst the fed is indicating a willingness to stay hawkish, it is very difficult for the dollar to turn. you are right, the bond yield and the dollar have been moving together. that does not always happen, we could be looking at them parting their ways at some point. it doesn't tell us much about the direction, because bond yields could keep going up while the dollar is going down. it all depends on the context. but i would have thought investors would be seeking some diversification away from the dollar now, because they have seen 13% or so in the sxy, -- in the dxy, and that is quite

shery: good to have you with us.t how futures across europe are trading at the moment. a big downside given the broader market selloff we see. cheap valuations in europe not helping with the possibility of a recession and escalating energy crisis. coming up we will have more of that crisis. this is bloomberg. ♪ shery: russians energy conflict with europe has intensified. your claims damage to three nord stream 1 pipelines was deliberate. su keenan has more. there are allegations of sabotage. >> and these are coming from european authorities and u.s. bubbles coming up from the baltic sea are typically the sign of natural gas were indicative to damage to the pipeline. we are talking about the nordstrom pipeline that runs over 700 miles under the baltic sea from russia to germany in a key pathway that is a way to get gas into europe which is currently heavily dependent on russian gas. this is a cat and mouse game that has been going on for several months where putin's russia has narrowed the supply. this changes the gam

shery: good evening. u.s. stocks drop again after a volatile session, data treasuries erasing an earlier rebound. haidi: central bank officials continue comments. >> this is a serious problem that we need to be sure we respond appropriately. more increases are indicated. shery: suspected sabotage after nord stream 1 is compromised. we are seeing u.s. futures rebounding early in the asian session after stocks struggled for direction during the new york session. the s&p 500 giving up more than 1.5% of gains at one point, we continue to see volatility from the fed, they are adding to the hawkish rhetoric we have already seen this week. we have the yen at 30. wti under pressure, but it rallied in the new york session given we got a report russia might be pushing for opec-plus production cuts, i mentioned tensions. mixed picture when it came to treasuries. the yield is moving, the 10 year continues to gain ground at around the 2010 level. the global bonds selloff continues. u.k. 30 year yield about 5% for the first

shery: that is emma o'brien.other priorities for the australian government including china, australia relations. the chinese counterpart escaping the t-28 meeting in indonesia next week and he may have to wait a little longer for the first 11 -- 1-1. where are we at when it comes to the relief between australia and china and what we can expect if we do not have this meeting at g20? >> this lack of a meeting is significant. we already had a meeting between china's defense minister and discussions around chinese xi jinping -- the chinese president and the joint president. trade is the major sticking point between australia and china. a major hurdle to any warming of relations are these tariffs on australian exports including things like wine, lobsters, barley. any warming of relations, these tariffs need to be lifted. about a meeting of the trade ministers, it is unlikely. paul: the election of a new government, it is seen as a chance to reset relations. as you say, no movement on the trade front yet. why do trade

shery: what are your expectations of where rates will be in 2023?e people factoring in potential cuts by that time. >> by the end of next year, we could start to see some cutting but by the end of next year we could still be at 4%, which means we will go above that this year. we could still be raising rates in q1. for growth we expect negative gdp next year, -1 or -1.5, and this year we expect 1.5 on the positive side. shery: a big factor is been the price of oil, which has been on the decline for the past three weeks. that correlation with energy stocks has not held. what is going on in that sector? >> there are a few pieces, one is the oil price, which is actually been declining since mid june. we have seen the price of oil coming down but still elevated. these are not cheap prices for oil. the thing we are seeing on the corporate side is there is a very high price of natural gas. although it has come down in the last trading sessions, we have seen u.s. natural gas trading above $10. we could see double-digit natural gas prices this fall and winte

shery: speaking with bloomberg's reporters.the reopening of borders in japan very soon. we have heard new reports of an easing on restrictions from foreign arrivals. our next guest runs vistajet, the largest operator of business jets with more than 85 airplanes. the founder and chairman, thomas joins us from one of his planes. it was great to have you with us. talk about the growth of margins you are seeing in japan and why is that when restrictions are still in place for foreign arrivals? >> japan is a very important market. we are at the hundred 50 aircraft, not 85. -- 300 aircraft, not 85. japan is at the center with china being more close than japan but we see things opening up. shery: what is the difference between tourism flights and the business flights you have seen so far? have they been dented as much during the pandemic? how has that been felt across your business? >> the business flying is what has boomed in the pandemic because of the commercial infrastructure. executives needed to fly to remote locations, the coun

shery: great conversation. plenty more to come.♪ haidi: take a look at how asian equities are trading. we are seeing the nikkei up .8%, being led higher by tech and consumer discretionary stocks. the kospi is also reversing four sessions of losses to gain .6%. even the korean won strengthening slightly against the u.s. dollar. while the asx 200 is also gaining about 1%. of course the aussie also really moving away from that multi-year low against the greenback. we are expecting the rba september minutes as well from the rba. kiwi stocks up .4%. haidi: let's continue to watch these market because it is interesting to me that we are seeing this risk rally ahead of the fomc. not just the fomc, but we have about 20 central banks globally announcing policy this week. so we will be continuing to watch how quickly potentially this risk rally pulls back again. you are seeing s&p futures i about .2%. a little more strength when it comes to nasdaq 100 futures after we saw that late session rally on wall street. six years ago, they embarked o

shery: sher -- this is shery.ust focusing on reducing consumption, how in-line are fiscal authorities as well with monetary policy makers? david: that is exactly right. we know government spending, it is hard to make it as efficient and effective and well allocated as private sector spending. then is the basis of the market system. right now, what we know is a huge amount of the world's capital is being allocated by governments. that can help explain why median incomes have not been rising. it puts a burden -- except for the highest income sides of the economy to benefit from bonds, everyone else really benefits from jobs, from new companies, from start from getting their first job. we need to draw those people into the economy in order to produce more. haidi: it is haidi chiming in from cindy. i want to throw this a quick chart showing the global growth tracker fell to zero for the month. we know the risk of recession is looming large for the u.k., for the u.s. historically, we would have seen growth out of china

shery: we speak to u.n. general assembly president about john just a world order and building trust in a time of war. this is after the s&p 500 fell in the new york session, we had a brief rebound that did not last. we continue to see the hawkish sentiment come from global central banks and that is affecting markets. we heard from the doe, not of assurance on u.k. assets. we had more hawkish rhetoric coming from been officials. -- from officials. this is at the highest level since 2010, the two year yield, also rallies for 13 consecutive sessions, hawkish expectations and crude prices continuing to fall in the asian session, below $77 a barrel level. the broader index now at an eight month low. we were looking at sterling, in fact by now we continue to see the downside pressure against the u.s. dollar, not as much as when it touched a 103 level and was closer to dollar parity. we have continuing selloff in the 10-year yield, past the 4% level. the highest since 2010. we have lost by 25% this year, we are alr

shery: paul jackson. says the depreciation of the yen offers a chance to boost tourism. but, -- told us exclusively that will depend on when japan's borders are fully opened. >> the virus does not see national borders. as well as climate change has no borders. i think my participation -- the jakarta meeting was very meaningful. i know that we can share the countermeasures against covid-19. it was very interesting. anyway -- tomorrow [laughter] all doors will be open. >> obviously we are spending. of course now we are dealing with the weak yen. so weak, it hit 144 yesterday. tell us about tokyo's financial health. however he doing? what does our report card look like? >> i think this is the time to import our exports. i mean, i told you that tomorrow the door will be open. big industry in tokyo as well as all of japan. this is the time to greet more foreign tourist's by using this advantage. the depreciation of the yen. >> if you can take your best guess of when the borders will fully reopen -- >> soon. [l

shery: stephen engle there. the u.s.onomy is sending missed -- mixed singles -- signals ahead of the fed's meeting next week. we will get more from kathleen hays. there were 20 of data points today. what's important to the fed? kathleen: to see how much the economy is slowing down and how resilient it is. they would like to stop inflation without having to slow the economy, but they know they have to do that. they are very wary of causing recession. they want to avoid that if they can. retail sales. let's start there. that's the consumer. the money number was up .3% in august, july down .4%. you get a flat rate for the past two months if you average them. inside the report you see eight of 13 categories were actually stronger. new cars is a big example of that. on the other, weakness in the control group that feeds into how the government calculates gdp. food services, gasoline, building materials. those were all week and bringing down the number. you step back and say, well, with consumers resilient, other people say it

shery: good evening from bloomberg's world headquarters in new york, i am shery ahn.e are watching 10-year yields ended two year deepening its curve inversion. haidi: and chinese president xi jinping is welcome to kazakhstan on his first foreign trip in nearly 1000 days. shery: u.s. futures slightly higher at the moment. we had a late-day rebound on the s&p 500, swinging between gains and losses throughout the session. perhaps some anxiety easing over inflation data showing that it fell for a second consecutive month. watching treasury yields closely as well. it was a mixed picture. the dollar in fact, reversing the strength we saw after the u.s. cpi numbers. we continue to watch crude prices, we had some easing in prices, but new york prices were actually higher. there is a little bit of optimism that we could see demand recovering. for example, the city of chengdu in china easing lockdowns despite the fact that the global demand outlook was lowered by the i.a.e.a.. . the optimism was felt across the world markets. take a look at yields, a mixed picture in the treasu

shery: this is what u.s.ook like at the moment after we saw the s&p 500 fall to that two month low, really mutate in the early asian session. this ahead of the fomc decision, not to mention the boj. coming up in the next hour, find out why bearings chief global strategist says it makes sense to be cautious in the near term. plus -- still thinks rates are heading higher but not in a straight line. terminal users can tune into live to catch a speech by the rba deputy governor. this is bloomberg. ♪ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. hi, my name's steve. i lost 138 pou

shery: plenty of things to watch out for. investors in the commodity space are watching and extreme weather events. hurricane ian hitting florida with a massive surge of water. let's cross live to tampa. what are you seeing now? reporter: things. the wind has gotten worse. there have been times i had to brace myself and hunker down. this is nothing to what the folks are feeling. rainfall happened a short time ago in the storm continues to track upward. the storm has downgraded to a category three. a major hurricane. we're expected to feel the impact of this. haidi: i am glad you found a little bit of shelter, what do we see as the impact in inland areas? reporter: and then see catastrophic impact, talking about flooding the music attack. some parts inland could get up to two of rain. the storm has the ability to hover over the state for up to 47 hours. we're talking about being drenched that can hamper the recovery efforts in disaster response. we're going to be dealing with this for days on end. haidi: morgan norwood. >> tha

shery: i'm shery ahn. fed officials continue to avoid commitment to fighting inflation.ael brainard says rates will have to rise. >> u.s. stocks climbed the most in a month as treasuries hold multiyear highs with oil sinking amid fears in global demand. shery: apple unveils the latest devices including the iphone 14 and the ultra apple watch. u.s. futures opened to a slight upside after the s&p 500 saw the best day in almost one month, 95% of companies on the s&p 500 actually moving higher. of course, energy was the only sector under pressure today, given the plunge in oil prices, the most since january. we are seeing concerns about recession, covid lockdowns in china. that is all affecting prices now. at the nasdaq 100 is outperforming in the new york session. apple gaining almost 1% given the product lineup they unveiled. overall, we are hearing from goldman sachs that we not be -- might not be there yet when it comes to positioning, valuations. we are not at extreme levels yet. looking at the 10 year yield, we had it fall today halting the gains. the price of oil fall

shery: u.s. future slightly higher in the asian session, we had a little bit of optimism that perhaps ablation might be peaking. we will get u.s. numbers on tuesday in the u.s. apple one of the big gainers today. wti continues to gain ground, we started the session a little weak in new york but it got better throughout the day given that we had a weaker dollar helping with the commodities rally. today we have the curve steepening a little bit after a week option. paul: a positive day on austrian market yesterday, higher by 1%, setting up for more games -- gains today. a great deal of change on the aussie tenure, waiting for those consumer confidence numbers a little later on. the given gaining against the dollar. the aussie dollar holding pretty steady against the greenback right now. shery: we are watching the shifting narrative in ukraine and what that also might mean for the markets. ukraine seeking more weapons along with continued u.s. support to build on successes retaking territory from ru

shery: week -- shery. shery: we count down to china trade data. would a weakening currency add to growing investor concern? covid lockdowns in china weighing on the oil markets as opec-plus agrees to cut back on supply. more on that with our guests. this is bloomberg. ♪ paul: take a quick look at what is happening on energy market at the moment. we have the oil price moving a little bit lower then we have become accustomed to. 86-70 four for west texas. gasoline prices showing a good strength but natural gas prices using as well. we have seen moves both within the european union and in the u.k. to make trade cap is cap down prices for households. interesting implications for energy traders as well. let's talk about how those oil prices are going to attract from here without next guest joining us from the sidelines of the jeffries asia forum. we have the founder and chairman net energy consultancy sge. thank you for joining sp it i want to start with the oil price. we are seeing weakening here. concerns about chinese demands and then on the other h

shery: i am shery ahn, the top stories this hour, u.s. stocks droplet, bond yields a store and better economic data. the fed will stay hawkish. paul: saudi arabia cuts us -- oil prices to asia as covid restrictions to china and call energy demand. shery: we look ahead to the australia economic growth numbers with gdp expected to show robust expansion. u.s. futures lagging a bit of clear direction but we are seeing red on the board after the s&p 500 fell. it did stay above 3900. that is very important because it tells you where short-term direction could go. we are very close to that over sole territory in the 14 hour day, near the 30 day level for the s&p 500. we have concerns of a more hawkish fed which is why treasury yields sort across the curve. we are talking about a 10 year yield at the 3.3% levels. somewhat yields at the highest levels we have not seen since when he 14. we had u.s. service members, showing expansion at the fastest pace in four months. you can imagine why investors were thinking maybe we will see a hawkish fed. we a

shery: those conversations were halted, right?> they were halted for the same reason that we could not come to an agreement on what to quantify. that's derives from the fact that there is a disagreement on the maritime areas of the sea that we consider to be philippine. and within the philippine baseline, therefore we have that local disagreement. the chinese have a different view and they claim it as their territory and their local area. it became a constitutional question. it would have violated our constitution if we were to agree to the chinese assertion that their local laws should apply. shery: are there any points to compromise? >> i believe there are pretty we have to continue. we have set on this basis, we cannot continue, but we continue to explore in the other ways we can do it. shery: the philippine president ferdinand marcos junior there. the markets there are closed today because of thai fund noru whirling through the island of news on -- typhoon noru whirling through the island of luzon. you can get all of the news

shery: emma o'brien there, let's get to vonnie quinn. vonnie: president biden said he warned trent's xi jinping it would be a gigantic mistake to violate sentence imposed on russia. according to experts from an interview, biden said u.s. -- in china is at stake. there is no sign beijing is provided weapons to moscow. it echoes a readout of a cooling between the two leaders emerge. millions of president -- residents are being urged to evacuate as a super typhoon hagibis word japan. heavy rain and winds are already bettering the region. more than 110,000 homes have been -- have less power with flights being canceled to and from okinawa. typhoon is pecking winds of -- packing winds of up to 250 kilometers per hour. pakistan -- evacuations are underway to of heard -- to avoid further loss of property and lives. recent flooding is killed more than 1500 people at a cost $30 billion worth of damage. the founder of luna and tara -- terra says he is not on the run. that we came hours after singapore believed he was no longer in the country. he an

shery: the nasdaq losing more than 5%. as i said, the yield sensitive stocks took a hit with a technology stocks leading the decline with services stock as well. the s&p 500 was down, the worst day since june of 2020. we have wti prices and oil in the asian depression -- session, that the biden administration may be restocking crude reserves . it was not that much harder than expected. especially when it comes to bonds, they plunged. we are following the sensitive two year yield. that is not by as much 20 -- that is dumping by as much as 22 basis points. taking it to the highest levels since 2007. haidi: it is all about the inflation reaction as we get into the trading in asian markets. we are seeing a downside when it comes to are relative to value, a decline of over 2%. we have another cash trading in a little bit. the dollar seeing a little bit of a slowdown, the risk of sentiment really denting a number of the risk currencies and commodities including the qe dollar -- kiwi dollar. that is extending across the g10 space

shery: u.s.anies are flailing in a fresh bid to avoid being rooted off u.s. stock exchanges. that's rain in chief china markets correspondent. what are they doing? >> good morning, this predates the agreement that the fcc and chinese regulators have to really inspect the paperwork here in hong kong. that's happening away from the chinese office that i matt. what's happening is a workaround that is really concerning for fcc regulators, that chinese companies hire u.s.-based auditors rather than use auditors and china or hong kong. this is what the company -- it's only a handful in the company so far -- the company said it would reflect their increasing global presence and they are not trying to go around these rules, but the fcc, what they are telling us is that the concern is these companies will feel like they don't have to present as much information, and they can redact all that information in consolidated statements and not give access to the u.s. rarely has accounting been this exciting. hai

shery: you say that the u.s. dollar is your best friend at this point which i guess makes everything worse? we heard how this could actually squeeze corporate profits as well. >> that is right and it is also as you said in the beginning, it is putting global central banks in the quarter as well. we are saying what is happening. they have to be in this match game here. they need to protect their currencies to some degree and fight inflation. they need to not get behind the fed, stop capital outflows. they need to protect growth and that is an increasingly difficult thing to do. we saw the first country that would break would be an emerging market when we saw a fiscal policy that was geared to protect growth. i am surprised and many was surprised it was the u.k., and evolved market that broke ranks with their central bank. i think it is a harbinger of what is to come. people expected from -- expect from dm, not emerging markets. it is oftentimes populist governments that can hold on here. haidi: when it comes to th

shery: welcome to daybreak asia. haidi: the top stories this hour, asian stocks and bonds at this hour come off of u.s. having the worst stock day in two years. the quarters of a percentage point next week, some are even betting on a four point move. ether under pressure ahead of the merge. shery: it is still early in the session but coming out of the back of the s&p 500 seeing its worst days since june of 2020. technology stocks leading the decline, nasdaq 100 moving more than 5%. harder than expected inflation -- hotter than expected inflation numbers. we saw it at the highest levels since 2007 and that in against the 10-year yield deepening in today's session as well. crude slightly higher in the asian session at the moment. we see the strength of the dollar weighing on oil prices and we had some idiosyncratic news with the biden administration planning to restock the emergency crude reserves. haidi: geopolitics, a big week for data. president jinping and reports of the sanctions package being pushed against china

shery: stephen engle joining us from hong kong. giorgia meloni looks to become italy's first female and far right prime minister since it became a republic. let's bring in maria tadeo who is at the forza italia election headquarters in rome. what are we seeing from the election so far? maria: it is 1:00 a.m. in the morning and still early by italian standards. we are in for hours before everything stabilizes, so when you look at the projections, it is giorgia meloni. she takes us home and she is the big winner of the night. that puts the far right untracked to form the next government. she is not sugarcoating the concerns around her views, but if you look at the overall picture, it is clear that italians have decided this is the end of the mario draghi era and the return for the right. haidi: you take a look at bond markets, investors seem unprepared to fight that premium over german bunds, showing there is not much reaction at all. do we expect this to change once we get a firm result? maria: that could potentially change in the n

shery: shery: we continue to watch commodity-related stocks.ttracted its highest ever winning bid. it is really all about that e.v. battery-metals. we have seen the incredible shortage for the energy transition. the electrification of the world as well. how those minerals are in high demand. also watching japan steel works, cutting its full-year operating income guidance. despite that, it is gaining more than 4% in trading today. haidi: risk-off is the trading mood at the moment. not surprising, as we get into the last trading day before the fed. we are expecting 75 basis points. the question is how long we will he be able to hold rates at that level? where will we end up next year? a lot of questions when it comes to fx vulnerabilities in this side of the world. downside of about 0.9 percent when it comes to trading in japan. the kospi a bit soft. not great export numbers coming through earlier in the hour, as well as heavily weighted down in sydney by materials and energy. shery: and we are seeing upside for the u.s. futures at the moment. th

shery: it's down to that policy diversions. haidi: the u.s. trading day, we have the latest central-bank action and the markets continue to percolate through all of that. our global macro strategist and policy editor are here with us. when it comes to the overnight session, is there a sense -- or is the market still yearning to see the upside? quarks the fed still wants to see the upside. there's a new phrase going around the street it's called hawkish this. traders believe that we have reached the pinnacle of the fed's hawkish event and while jay powell will continue to push the hawkish mantra, the data will continue to suggest that they have reached the pinnacle and it's time to turn if not pause in the coming months. demand commodities housing, everything look at is starting to come down. i would also argue that the 2% number is something that he just invented and 3.5% inflation is not a terrible thing. haidi: we have a few of the other 20 central banks making their decisions this week. >> what was interesting today was the bank of england.

shery: that was guy johnson in london. the death of queen elizabeth has prompted an outpouring from world leaders. the reaction has been swift including from president biden. >> as soon as her death was announced, we started hearing from world leaders including president biden here may cosign the: -- condolence book at the embassy. the world leaders talked about her legacy, but also about how they had affection for her. she met with almost every president since. truman. -- harry truman. she met with 50 different prime ministers of britain and 12 canadian prime minister's. she really had a long legacy but also an affectionate one. they all, many of the statements today were about her as a diplomat and leader but also personal remembrances. every world later today we heard from including emmanuel macron who basically said she was a friend of france. we heard from one who said she was a point of stability. shery: prime minister trudeau said she was one of his favorite people in the world. paul: even here in australia, the pri

shery: the swiss national bank is expected to hike rates.what are you expecting from other central banks we have in asia as well? >> about 700 basis points in interest hikes this week. it is it -- it is an extraordinary period for central banks. i think the unified message from all of these central banks, if it is in switzerland or asia, is they are going full board to contain inflation. they are going ahead and jacking up interest rates. there's no sign of a turning point in that yet. indications from a lot of these authorities are they do not believe rice's are back where they should be and they are still worried about consumers and that's why borrowing costs are going up. >> interestingly, those that preemptively hiked like brazil stayed steady today. thank you. let's get to vonnie quinn with the first word headlines. vonnie: iranian state media says at least six people have in killed in protests across the country over the death of a woman who was detained by the so-called morality police for breaking the country's dress code for women.

shery: the top stories this hour. u.s. stocks slide with the s&p 500 hovering just above a key threshold. treasury yields klein. -- climb. china's president xi jinping says he and vladimir putin canned -- can inject stability into a chaotic world. the s&p 500 managed to stay just above 3900. it's the lowest level in two months. growth stocks really being pressured. we are also seeing treasury yields climbing but still the two year yield the 2007 hi. the twos intends are deeply inverted. we continue to watch oil prices in the asian session down below $85. we heard from the department of energy about the u.s. emergency crude reserves, but that wouldn't be added until after fiscal 2023 so we are the supply demand picture. where watching fedex plunging. we had the jobless claims numbers falling for five straight weeks. when it came to the retail sales numbers, a surprise to the upside. the previous month july numbers it was revised downward. we also had empire manufacturing numbers. investors have a lot of -- a lot to digest t

ahn in english, and shery ahn in espanol.hter] all-time lows in the philippine currency. it goes back to the e.m. pain we are seeing, we cracked 1400 for the first time today. on the korean won. we are seeing levels we have not seen since the asian financial crisis back in 1997. rishaad: and the thai bat has lows we haven't seen in many years. we have north korean state media saying the government has not sold any weapons or ammunition to russia, and has no plans to do so in the future. earlier this month the u.s. state department said the kremlin was trying to secure arms from north korea. according to north korean defense official, he strongly condemned the united states for circulating rumors. santos has been ordered to continue the hold of the gas project off australia's north coast, after a court ruled in favor of the indigenous people, who said they were not properly consulted on the plans. this has shut down drilling operations. the gas company is planning an appeal. the government of western australia is outlining rul

shery: good to have you with us. christian hoffman. can get a roundup of all of these stories we discussed. today's edition of daybreak is under terminal. also available on mobile. you can customize your settings so you only get the news on the assets you care about. this is bloomberg. ♪ ♪ haidi: softbank slashing valuation of oya hotels by more than 20% as the indian startup prepares for its ipo. more from our technology reported. was this inevitable given the broader market situation? >> exactly. softbank of a last month, reported its worst quarterly loss of more than $20 billion. at the time, softbank had marked down 284 companies in its portfolio. the markdowns included hundreds of companies including the likes of -- and softbank does not provide a comedy back of any breakdown. a report shows how oyo has been -- [indiscernible] haidi: this bid has been problematic. there has been a lot of unflattering comparisons to the likes of we work. what went wrong? >> it is not just specific to oyo. you mentioned wework. a lot of privately he

shery: because of those conversations were halted, right? were halted because we could not come to an agreement on what local law was applied. that is derivative, it derives from the fact that there is a disagreement on the actual territory or maritime areas of the sea we consider to be the philippines, within the philippine a science and economics owns. local law is philippine law. the chinese have a very different view and claim this is there territory therefore it is there ocean. it became a constitutional question do to violate our constitution if we were to agree to the chinese assertion that their local laws should apply. shery: are there any points were compromised? >> yes, i believe that there must be. i must say, we certainly have said on this basis we cannot continue, but we continue to explore. perhaps there could be other ways we can do it. yvonne: that was ferdinand marcos, jr., the philippine president. we discussed hong kong's reopening. how much of a boost but a gift of the travel industry? if trouble start up his next -- tra

through what experience it is necessary to go through in order to realize the deep meaning of the faith, sheriov and the way of the skin faithful more than a date and understanding, you went through. she was paid for us sinners. what should a believer do in order to get closer to god on the path you will bring our chan. it’s better they are jesus through fault on hit him with the right thought of a word and christian scientists waits and gave freedom to us and we are already deciding whether to invite him into our hearts or not, see spiritual enlightener. projects on tv channel belarus 24 live panorama in the studio elena hello, live as one family in your own house belarus celebrates the day of national unity, this is our history of participation in a large-scale forum and was accepted by the head of state, belarus received unanimous support from world leaders. the results of the summit were held in samarkand, heard the opinion of experts and documents against fakes, how the army operated region on the territory of western belarus , the tv news agency will tell the film. premiere immediately a

today they just play with us olga sheries andrey urgan. nadezhda angarskaya and alexander empty.ll, what to show? jackpot? yes, show me, yes, and you can show the trailer, show the jackpock, i can and it's big. well, okay so. he said this, we have a big jack-box 260.000 rubles. on channel russia 1 alexei vershinin showed his big jackpot in front of everyone and promised that it could increase during the game. we have a family morning territory shows on cable let's 360. .000 rubles. a quarter of a million , let's see what happens by the end of this program - that's five for one. let's get started and move on to the first round.

generous program where you can not get up couch to earn a lot of money today prokhor salebe olga sheriesolaeva and alexander are playing with us hello dear friends i'm sure. today you gladly came to this studio again to enrich our viewers again. it's me sincerely straight from the heart comes from the heart from him so show us the jackpot final round. you won that time and so we will start today with 340,000 rubles. it's been a long time since you've lost a final round. already, probably, there are about four programs. yeah well, i should have you already, honestly saying, it's time for you to merge already in the final we will do everything, right?

we have a fight for the money of viewers with our star participants today nadezhda angarskaya olga sherisalexander pushnoy are playing with us morning. have a good mood. have a good game, let's start right away , let's go. i remind you, you won the final round. this means, today in our bank show at least 180 rubles. yes, class, let's see what happens in 40 minutes first round let's go. briefly describe the rules of the first round. see now computer randomly. choose a viewer. he will ask you question 4 with my help minutes you will have three clues to discuss. i can give you a question worth 20,000 rubles. let's go look at the screen, select the viewer. hmm and plays against you evgeny matiev 13 years old, city of salekhard you must remember his grandmother, who sent us questions several times and even won several times. you have evgeny professionally engaged in volleyball. uh-huh yes, you can’t tell from the photo, but nevertheless, therefore , if you win, the money will be spent. it is for sports equipment and volleyball uniforms, as well as for gift for mom. well, well done. and some fo

. ♪ shery:

so it's a good time for worship, because if there were some, his thought that was time for troy, sheri is also strong. because when russia with cowers surprises like us, the 1st world roll off call out. so for so your junior on there was no, i was for, for be i'm there was, ah, what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race group is on offensive, very dramatic and development only personally and getting to resist. i don't see how that strategy will be successful, very difficult. time time to sit down and talk we should say. so easy is tosto stuff with stumble, financial sort of stuff with which you see numerous top political expert dmitri babich didn't believe in rosa, forbear. at 1st, the ussr spoke of western anti soviet ism, but that didn't mean russians or she's gifted, you know, a big rush. i forgot about centers, which in your she davis or he'll social or go ahead socialist precise to push any go. i really cool. you stuck with me unless you're open to meeting with shane still to bust over me, off the pico vidalia torn o

sheri thompson struggles to stretch her family's weekly $200 food budget. >> my grandson comes in and says, nana, we should be on lunchtime by now. i said, no, we skipped lunch, we're on dinner. >> reporter: she left dollar general mr. overall data suggests prices are up almost 24% and prices at nearby ailedy are up 17%, both discount stores relied on by families in lower income neighborhoods. is food inflation hitting lower income people disproportionately. >> absolutely. >> reporter: he says higher income communes have more options. >> you can go from a whole foods to a wal-mart, from a wal-mart to a dollar general. once you're a low-income consumer, you're already at the cheapest place you can possibly buy food and that means these stores have more pricing power. >> reporter: for meat, fish, poultry and eggs, discount pricers raise prices at a higher rate than other grocers. the same for dairy. we tracked dairy at a single dollar general store in texas, over a year the prices shot up 20%. dollar general said we have been forced to pass along price increases though not of the magnit

because if dorsey is told that suicide for troy, sheri is also slow because when russia were cowards in prizes like october, 1st well roll off coca cola so forth. so yet union that was neural was for far beyond there was, ah, i a yes. now i can you? yes, so if it's deploy baki up near to melting, you know them fumes in a book that probably natalie, she's the radius of a young showcase in a boiler. why is it w boy, ah, [000:00:00;00] a number of your quote am in my check of says laura doesn't want that much extra mom, but i know it's up under that hole. ah, when i was wrong when i just don't know. i mean, you have to figure out this thing becomes the advocate and engagement equals the trail. when so many find themselves world, the more we choose to look for common ground wizard says he's reason yes. tosto sof, with financial software mysteries, with which you see numerous top political expert. dmitri babich didn't believe it was a forbear at 1st. the ussr spoke of western anti soviet isn't, but that didn't mean russians or she gets to a young now with big rush, i forgot about centers,

sheri dillon says she saw an officer flirting with a cell mate, promising her a future together. when dylan reported it, she was punished when i left there, they had taken away all of my good time, and you get good time. which gets. gets time off of your sentence. that was a big deal. that was like, um like another year, almost after a certain point you just you get tired of it, and you find that strength to finally fight back marie washington says. she reported an officer for inappropriate behavior and intimidation in 2020. every time you make a report like that, they would come and like thrash our rooms or, like, you know, not give us dayroom or you know what i mean? you just you feel threatened, and so you can't really say anything. the department of justice says the abuse stemmed from the top with the former warden ray garcia, was charged with abusing three women as warden. garcia's job was to keep the women safe as they serve their sentences. instead the feds say he did the opposite sexual abuse in prison doesn't happen. in a culture that doesn't allow it. there should be ze

through what experience it is necessary to go through in order to realize the deep meaning of the faith, sherit home and knowing you, a great price was paid for us sinners. what should a believer do in order to get closer to god on a path to eternal chan better than they are jesus. blame him with a faithful thought word and christian men, but he is waiting and gave us freedom. and we are already deciding whether to invite him into our hearts or not. look, spiritual and educational projects on the tv channel belarus 24. knowledge well , hello, native lake, the unfamiliar yanas are improving the story of their little darling. we want his island in quantity against eight copies of him living there, but one of the chinese islands went brought. yes, this place is a show to sell bright calms from childishness. so the very swam on this inquisitiveness. i always asked my dad. and why so few so? each owner had his own boat, his own pier. about where the world will be the lake in place, that is, it will blow up early. watch the poleshuka project on belarus 24 tv channel. the tv news agency starts the in

shery: the top stories this hour. the fed delivered its third straight hike raising by 75 basis points as expected. jay powell signaling there is more to come to crush inflation. >> the two year yield topping 4% for the first time since 2007. >> president biden says russia has shamelessly violated the u.n. charter. take a look at how futures are coming online in the asian session. stock markets struggle forbes -- direction after the fed statement today. we were up 1.3 on the s&p 500 before we finished near session lows. the message of economic pain coming from chair powell has been hard to digest for the markets. even chinese stocks took a big hit. this was even before -- you have to look at the broader em textbased. -- tech space. the bloomberg dollar spot is at a record high. we are also watching the resilient real. we're talking about a huge tightening one of the most aggressive in the world. today we saw pressure given the concerned about the economic slowdown, but it was really about the treasury volatility. they

shery: the top stories this hour. an ugly session on wall street as u.s. stocks plunge to the lowest in 22 months. traders are betting on more turbulence ahead. haidi: treasuries under pressure as advisors hammer home the news on rate hikes. >> meta is cutting headcount for the first time. >> u.s. futures muted at the open of the asian session after a lot of volatility in the new york session. we are talking 90% both the dow and s&p 500 members moving around. the nasdaq fell almost 4% after we heard from jim bullard talking about how investors in the market are finally realizing that we will see more rate hikes to come in the next few months. we have the 10 year yield rising again resuming the gains after the boe intervention. we have the risk off sentiment also toward oil markets. right now slightly higher about 81 .63 level. it is all about the volatility, the swings and that is affecting the treasury market as well. it we are seeing some signs that the u.s. stock market is flashing warning signs on liquidity. if you turn to this chart, you can see that

to know how to find it and i am a woman of a certain age and i want women to look at me and go if sheriherri, it can happen for you too. i used to sphrug el-- struggle. so i know this. you know, i want people to know that scwhroirks i want people to get passed the fear because i'm a big believe and run towards the thing that scares you. >> really? >> yes. >> and i know, i said-- you said that when you were-- . >> trevor: i'm the oops. i think you should run away from the thing that scares you. >> no, huh-uh,. >> trevor: that is why it scares youance but if it you go toward you. >> trevor: it can kill you. >> no, if will not kill you, there is alot of blessings on the other side. >> trevor: that is heavy, you know the. >> well, you got to be man enough to know how to pick her up, i mean pick it up. it's heavy but you know, run towards it. >> trevor: that is what i enjoy about your journey because you are going into a show, you have been doing the standup, doing the acting, what you are doing is extremely hard. coming to no l.a. has a different pace to it people are friendly t is like a v