shery: agl -- haidi: agl energy has rejected a multibillion-dollar takeover from brookfield asset managementike cannon brookes. the bit of aussie seven dollars materially undervalues the company. let's bring in our 20 reporter. we know markets have been heavy on the activist investment theme even when it comes to climate lately. what happens next? >> that is the big question. as you say, agl has rejected this with no mention of further engagement with brookfield or ken brooks at this stage. the proposal was pitched at a 4% premium and those premiums don't generally tend to be successful in australia. i think there must have been some level of understanding on the initial approach might not get them across the line. with that in mind, it would not be too surprising to see them come back with a higher offer. i think it has also been written around by some commentators that agl rejecting the so quickly could be a sign there other suitors waiting in the wings. we will need to wait and see on that front. agl is relatively cheap on a historical basis. the stock has been pummeled on the past 12 mon

watching agl in particular. brookfield as well as the consortium including mike brooks to waiting to see what happens. we are seeing agl trading at the moment. we are watching bluescope dropping by almost 3% after the profit forecast and by that plans were announced. we continue to watch the news at of it -- news as it comes out of earnings. up a quarter of 1%. chicago nikkei futures looking pretty mild at this point. we are watching some of the reopening stocks as australian borders reopen to international travelers for the first time in two years. shery: it is all about their be opening trades across asia. we are watching u.s. futures because we continue to see the downside momentum after stocks fell and bonds climbed on the friday session in the u.s. it is presidents' day tomorrow so we are heading for a long holiday weekend. we are seeing the downside pressure and the s&p many futures extending those declines. the nasdaq composite had tumbled into a crush. futures trading at the moment as the 10 year yield f

to speak to all shareholders including shareholders after their multimillion dollar bid to acquire agly was rejected. morehead, this is bloomberg. more ahead, this is bloomberg. -- more ahead, this is bloomberg. ♪ >> boris johnson assist the country must learn to live with a coronavirus as he ended pandemic rules. hong kong is still considering strict rules to control its outbreak. there are different strategies to deal with covid around the world. >> it is different in different parts of the country in the united states, in different parts of the world. you see on the pandemic and the way that leaders and societies want to go about fighting it, we are seeing things getting better and different strategies that are being approached. some things may be premature, we have record numbers. we have very high numbers of hospitalizations in the united states. throwing caution to the wind does not make sense to me. you casing isolation is not that important is a little bit confusing because -- u.k. saying isolation is not important is a little bit confusing. how can we put this behind us as qui

the board says the offer materially undervalues agl.a 4.7% premium to the closing price. rishaad: checking on the futures contract. taking a look at the s&p. as deck futures in the green. seeing the same pattern with regards to some of the european ones. looking like a positive start to the day of tradeking as deck futures off the highs of the day. these are some of the haven plays paired some of the stocks affected by the tensions. finn gold, which is up to .2% in a week after basically doing nothing in 2021. we are seeing the young below the 115 level. a look at the markets overall. haslinda: that is it from bloomberg markets: asia. daybreak middle east is next. keep it here with us. this is bloomberg. ♪ yep, it's go time on the most reliable network. you get unlimited for just $30 bucks. nice! but mine has 5g included. yep, even these guys get it. and the icing on the cake? saving up to $400 bucks? exactly! xfinity mobile. it's wireless that does it all and saves a lot. get the new samsung galaxy s22 series on xfinity mobile. and rig

you're also watching energy names, ag oh in particular narrowing -- agl narrowing.he stock prices up about 25% year to date. you're also looking at a lender that also reported earnings today. still ahead, toymaker mattel says it is in growth mode after profit and sales. the ceo joins us later. plus chinese credit positions, snapping nine straight years of gains. a founder talks with us on how he plans to rebound on bloomberg wealth. this is bloomberg. ♪ shery: chinese shares continue to gain ground with investors reacting positively to signs of intervention by state backed funds. our next guest says this will detract compared to the u.s.. joining us is the ceo of mainstay capital management, david, great having you with us. there is a belief we have seen the floor for chinese stocks especially now that we have those so-called national team back in the markets. what do you think? david: i think we have. we heard kathleen talk earlier in the show about what the asian central banks are doing or not right now. and that is one of the key is. the pboc has been stimulating

struggle to breathe through her despair after the killing of her husband, an aid worker for an american agld three of her sons and one of herer grandchildren. my clients grief is compounded by the fact for 19 days our government kept a false allegation about their loved ones, wrongly asserting the strike was righteous and successful against isiser offerg gives. the pentagon admitted its mistake but the damage is done. for most americans this fear, horror and lifelong grief are unimaginable. the civilians in afghanistan, syria, iraq, pakistan, somalia and elsewhere, it is been their life. the title refers to drones, the significant concern that lowers barriers to and constraints the use of force. our issues go beyond the weapon to the human illegal cost of what is now a 20 year war-based approach that turned the lethal force tactic into a strategy, damage the rule of law in our country's reputation fueled conflicts in a dangerous precedent for other nations. the american people have grown higher to the militarized approach and in the last election both parties presidential candidates promise