. >> hyundai president and co-ceo speaking with reed stevenson.. ♪ >> sam bankman-fried has been sent to the u.s. to face criminal charges. we're hearing details after what has been quite a confusing week of legal proceedings. annabelle: there was confusion as to whether sam bankman-fried, who had initially signaled he would fight extradition, then appeared to say he would drop it. his legal team see to -- legal team seemed to be unaware. there has been a lot of confusion but we did get the sense that he was planning to return to the u.s. possibly because he could be granted bail if he does return. that could be a reason. also the conditions of the prison in the bahamas could be another prompt to get him back to the states. essentially, he has agreed to be sent back to the u.s. to face charges. he has signed extradition papers. that is what -- this move. officials awaiting to charge him on multiple chargers including fraud. a big journey ahead. >> here is a check of the latest headlines. amazon reached a settlement with the european union followin

shery: reed stevenson with a fascinating story.we will talk about whether china's moves to prop up its housing market are working. this is bloomberg. ♪ >> you are watching daybreak australia. chinese officials are further downplaying the risk of covid-19 as restrictions are eased. the top medical advisor told state media the omicron variant death rate is as low as that of the common flu. he said most people recover within seven to 10 days. i follows the government's latest line on the virus as china moves towards exiting the covid zero policy. the policy chief of japan's democratic party has met with the taiwanese president in taipei. first visit in 19 years. it comes as tokyo prepares to boost military spending. they discussed trade deals and enhancing the partnerships on ships. to thailand, they have reach the target of targeting 10 million visitors. authorities expect torus revenue of more than $14 billion this year, recovery may be faster depending on how soon china reopens borders. france and morocco are set to face off in the