>> a good morning and welcome to "bloomberg daybreak: australia." we are counting down to asia's major market open. haidi: wall street slumps to an eight week low after warning from various fed officials for the need for more stimulus in the u.s. economy. the s&p 500 crossing a threshold many see as a market correction. the tiktok drama turns another page with owner bytedance asking a judge to halt its ban in the u.s. one report says the case has already been pulled. jack ma seeking more than $17 billion in hong kong as a dual listing. it says it does not need cornerstone investors. we have the latest on this blockbuster sale. shery: he was futures coming online flat after u.s. stocks fell to an eight week low in the regular session. warnings from various fed officials of the need for more fiscal stimulus. we saw the selloff continuing.