we will be speaking to newmont's ceo and president, next.e chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. vonnie: you are watching bloomberg "bloomberg daybreak: asia." it looks like we might be reversing some of yesterday's declines. let's get to annabelle for those movers. annabelle: taking a look at some of the big names in korea here, because yesterday the big market driver for the session was korea three imposing a full ban on short selling. some of these names on the board had a huge spike intraday. these are some of the names that have the most short balance,

newmont is up 5.5 percent and let's talk technology. a busy week for tesla with the release of the first cyber trucks and we are waiting on details on the pricing but analysts are announcing a launch in the next couple of days and tesla shares are up. pdd is up 19% and its arrival of companies like amazon and alibaba. the stock is soaring today. sonali: we heard from a number of fed officials today and that christopher waller who said he is increasingly confident that policy is well-positioned. austan goolsbee said inflation is coming down but not fully on track and michelle bowman says she favors a more tightening if inflation stalls. let's discuss this with molly smith because the market is shrugging off the bowman comments. >> i like to think of it as selective hearings and stocks always find a reason to go up. why are yields lower on the day and wire stocks higher. yields right now, i don't know what in that fed speak was overly dovish that will signal 12 clicks down on the two-year. there is such widespread expectation that the fed

because of the divend cuts with newmont, they were no longer in our universe.go with a name outside of it. agco-eagle mines has had double digit earnings over the past three years. if we talk about dividends and growth, theyave increased it by7%. broad come was 13% over the pa three years. so nice margins. they're in mexico, australia, and canada, so safer countries when you look over the gold space. they have two of the largest gold mines ithe country and the third largest gold miner in the country, excuse me, on the planet in and of themselves. so a new name for us. >> dividend growth was a better strategy this year -- >> barely. >> do you think that's going to -- both of you guys, do you think that will carry into 2024? >> i think it was lousy in 2023 for dividends andividend growth. >> relatively speaking. >> but yeah, we can get a revision to the mean if we are at a fresh start like in 2021. growth people always pay up, but our stocks from a multiples perspective are undervalued because our companies have made more money, they've done more share buybacks a

live in that secure zone will be able to drive through here from mission and howard to third and newmonteet. they're all here for the asian pacific economic cooperation summit, happening through this friday. president joe biden set to arrive in san francisco later today ahead of his meeting with chinese president xi jinping. tomorrow that meeting comes at a time when relations between the us and china are strained. the new york times reports that the two leaders are not expected to issue a joint statement after their meeting tomorrow, but rather provide their own accounts of how it went and what was discussed. the leaders of 20 other nations that line the pacific ocean are also here for the apec summit in san francisco. and that, of course, means tight security throughout the city and even driving into the city streets around the fairmont hotel in nob hill, where president biden is staying , are closed off as part of a second secure perimeter. the california cable car not running up the street. muni lines have been rerouted in other parts of the city and two stations of the central subwa

uaw and ford and newmont. eli lilly is another one.hey are going for stocks that are are doing well or people are bottom fishing. >> that is something you would do if the fed changed its mind. do you think they are going after the wrong idea here? >> i don't think the fed is really changed its mind. what the market is thinking about is is the fed done hiking? if they are done hiking, the move is position for cuts some time next year. right now, the market is looking at a cut as early as march or may of next year which might seem a little premature given we don't have much of data to justify a policy pivot right now. >> that seems to me if the fed actually cut rates in march or may, we would probably be looking at a steep recession that is coming in the meantime. they are adamant this is not going to happen. if they cut rates, it will be a more surprising economic outlook and we're anticipating at this point. >> or our view is for the fed to orchestrate a soft landing means they have to adjust policy a little bit. we saw this in the '90