annabelle, come in on that. the polling. — country. annabelle, come in on that.. the polling, how does that _ country. annabelle, come in on that. the polling, how does that way - country. annabelle, come in on that. the polling, how does that way in - the polling, how does that way in for support of ukraine, republicans are reacting to that they have their own or tear your motives for it may be, but they are reacting to it. yes, i think that's right. i would first like to say i am a little appalled that political acting and tomfoolery might get in the way of age ukraine. very different conflicts even though they both dependin conflicts even though they both depend in a big way on the support of the us. we have known that republican resolved when it comes to support for ukraine has been wavering some time, there is an expectation within ukraine that if donald trump is elected president again in 2024, that there would be a massive decrease in us support for their war, they are pushing back against this russian illegal russian invasion. but i think that us attitude

annabelle: i am annabelle droulers in hong kong. we are counting down to asia's major market opens. shery: from bloomberg headquarters in new york, i am shery ahn. u.s. warns iran against escalating the war in israel as washington and its allies step up efforts to avoid a widening conflict. 600,000 gazans have fled south ahead of an expected invasion. new zealand is set to have a new prime minister. industries government faces an uphill battle for unity in the wreck of the field indigenous boys referendum. u.s. futures coming online in the asian session, seeing an upside of about 0.1 percent after u.s. stocks were losing ground in the friday session. markets were bracing for more geopolitical tensions in the middle east over the weekend. so we saw at big-tech selloff over the friday session. treasuries give the ground. the 10-year yield falling towards 4.6%. that safe haven demand continuing as we brace for more volatility this week. we're also watching oil prices. they are under a bit of pressure after the biggest weekly gain in about a month. we'll wti settling above $87 a barrel.

let's bring in annabelle for some takeaways.s unchanged but we have seen they adjusted the yield curve control and that is what we have been discussing this morning, with the boj expand the upper limit and it is now at 1%. this is what we sell reported in local media but coming in with the change that had been expected, the boj keeping policy settings unchanged for allowing greater flexibility into trading for jgb's and also coming out of this is the details of bond purchase program so at the bank of japan it released the schedule earlier than expected and they say they -- they say each response will be nimble for maturity. the reason why they considered changing the upper limit to 1% as that references about giving greater flexibility because the boj has been forced to step into the market multiple times to increase bond buying given that we are seeing the high treasury yields and it is continuing to keep tugging jgb yields upward so this is the market response or the response to market moves that is coming through from the ban

annabelle: i am annabelle droulers in hong kong and we are counting down to asia's major market opensshery: good evening from bloomberg's world headquarters in new york, i am shery ahn. the top stories this hour. more humanitarian aid trickles into gaza as the death toll rises. israel back to diplomatic efforts to get thomas to release hostages. paul: apple supplier hon hai says it is working with china following reports that authorities are conducting text audits and reviewing land use by its parent foxconn. shery: the yen is keeping traders on guard for possible intervention. paul: we are live in buenos aires as vote-counting is underway in pivotal election, the country's choosing any president as economic challenges-month period take a look at how futures are coming online, we are seeing an upside after stocks fell in the new york session, extending the global selloff. we had the s&p 500 seeing its worst week in a month, but we are still in the thick of earnings season and that might potentially help bolster sentiment. we had more than 80 plus s&p 500 companies reporting results, 7

annabelle: we are getting done to asia-pacific is a major market opens. shery: good evenii am shery ahn. u.s. stocks slipped ahead of the jobs report that may set the tone for the fed's november meeting. treasury yields holding below recent highs. haidi: the sec is seeking to force elon musk to answer further questions about his purchase of twitter shares after he failed to show up as requested. annabelle: gm making a safed offered to workers, but it may not prevent strike spreading as the sand of heads for a fourth week. we are not necessarily going to see the impact of the strikes when it comes to the rest september jobs report coming up in about 14 hours. the uaw strike began after the survey window close, but we are expecting economist to see slowing but stll healthy growth in nonfarm payrolls, 17,000. this coming at a time when we are contending with those job numbers. we had a mixed picture this week. we had the weekly jobless claims taking up slightly but holding near historical lows after the adp private payrolls also showed the u.s. economy added

annabelle: that's right. you've got political dysfunction, but the big theme still remains the fed and central banks generally, and its narrative, higher for longer, is still the story here. for equities, we are pointing ahead to and move to the downside in aussie stocks. we are tracking the moves in the bond space. the aussie tenure yesterday reaching its highest since 2011, still continuing to move higher. kiwi bonds as well. kiwi assets broadly. we have the rbnz physician in a moment here -- decision in a moment here. they could possibly leave the door open to a further hike. the move in treasuries, the japanese yen, if you change on now to hit the 150 level against the greenback. this is typically when we watch for a sign of intervention from officials. you saw the sharp move higher in the dollar against the japanese currency. what drove that was the japanese government intervention. could there be something else aptly? we will be discussing the chance. perhaps to do with options positioning. shery: selli

annabelle: i am annabelle droulers in hong kong, we are counting down to asia's major market opens, inustralia have just come online. shery: i am shery ahn in new york. the top stories. asian stocks set for losses, as the prospect of a ground offensive in gaza is large of a market. the u.s. warns iran against escalating the war between israel and hamas. washington and its allies stepping up efforts to prevent a wider conflict. and the baited administration is set to tighten measures to curb china's access to advanced chip tech, adding design firms to a restriction missed. -- adding design firms to a restriction missed. annabelle: asx 200 had just come online. we will see how it starts to trade. really the focus as you said in the headlines is all around the flight to safety. it started to kick off in the session on friday. the question is whether it is extending into the start of another trading week given the prospect of another ground offensive in gaza. it's a big uncertainty. it could really weigh across a lot of markets. so far in the session today, you aren't seeing too much of a

annabelle: slightly less.of the bad news baked in, but what they are looking at is coming down to traditional asset correlations, looking at the u.s. aggregate investment-grade bond index versus treasuries and also equities and saying essentially you know in the last few weeks we started to see those correlations start to break down somewhat but the correlation between as i said the height yield or the investment-grade bond index versus treasuries, and treasuries versus equities as they are starting to move less than lockstep. what that means is it tells us the environment is getting with risk assets and bank of america sing really what it means is credit corporate debt and stocks are starting to shake off the treasury turmoil, and certainly something that could be a lot of cheer to different investors. shery: what about the 60/40 portfolio investor? annabelle: that is one of jamie: them them because it had its worst performance last year since the financial crisis and has not been performing over the course o

annabel, what did you take from - with a crisis like covid. annabel, what did you take from it?from it? i think with a crisis like covid. annabel, i what did you take from it? i think i was shocked, _ what did you take from it? i think i was shocked, but _ what did you take from it? i think i was shocked, but not _ what did you take from it? i think i was shocked, but not altogether . was shocked, but not altogether surprised — was shocked, but not altogether surprised at _ was shocked, but not altogether surprised at the _ was shocked, but not altogether surprised at the level _ was shocked, but not altogether surprised at the level of - was shocked, but not altogether surprised at the level of chaos . was shocked, but not altogether l surprised at the level of chaos and dysfunction — surprised at the level of chaos and dysfunction within _ surprised at the level of chaos and dysfunction within government - surprised at the level of chaos and dysfunction within government ati surprised at the level of chaos and i dysfunction within government at the time and _ dysfunction withi

annabelle: i am annabelle droulers. we are counting down to major market opens. vonnie: i am vonnie quinn. israel sends troops and tanks into northern gaza in what it calls the second and longer phase of its war against hamas. the escalating middle east conflict is heading to pressure from markets amid an already heightened week. a bond rate hike amazed of the spotlight. shery: a bumpy road to be expected biden-president xi jinping summit. let's get a check of where we stand markets wise. it looks like we are getting futures pointed higher, this after stocks fell for a second week in the u.s. last week touching their lowest level since may. the s&p 500 did rise friday, but the index done 10% from its july peak and correction territory. investors punishing companies whose profit outlook is worsening, and wc the geo political tensions as well, yields falling for a second week, rent crude -- brent crude coming up slightly down .71%. gold has been rising, it is about $2000 per ounce, and volatility in yields and oil and gas markets as well. 10 year yield at 483. we w

annabelle is on hong kong. what are we hearing?ng through essentially as you been discussing, reactions, microsoft, alphabet, going in opposite directions. texas instruments, snap-on different tracks. visa's relationship "a lot for investors to grapple with and interesting when you look at the broader market reaction because qqq is the largest u.s. etf tracking and that has been stable given mixed moves for different stocks canceling each other out. we'll be discussing this with interactive brokers. there saying mixed results, mixed reactions make it harder to pick an index direction for stocks on the basis of where the earnings is going to be and to note there had been anticipation around tech, solid earnings were predicted to come through from analysts, that was to help drive the stock market into the end of the quarter but a lot of anticipation now hinging on the next results so we have amazon aftermarket on thursday and apple as well do next week. shery: what are we getting in terms of the outlook for the global economy? annabe

annabelle: that's right.d one, because yes, we had seen a lot of strategists optimistic of where we would see the final months of trading going. in fact, talking about the odds we would see a santa claus rally. yes, that is really starting to be reserves -- reversed by a lot of the market. you have the israel-hamas war and the market implications of that. you also have lower risk appetite was seeing higher yields. that has been testing trading for the s&p 500. that has fallen into direction -- into correction territory. oppenheimer is now lowered its year-end target for the s&p 500 to 4400. it was at 4900 previously. again, citing the factors we just discussed. if you change now, taking a look at where the average target is for the s&p 500, the average analyst estimate is we are going to end the year at 4350, or 4370, for the s&p 500. that is checking the highest. and you have the lowest forecast here, still at this point we are 5% lower than the s&p 500 target. so really quite a way for stocks to catch up if

annabelle: i'm annabelle droulers in hong kong. shery: i am shery ahn.ore than 1100 people were killed as fighting between israel and hamas enters a third day. the u.s. is moving an aircraft carrier strike closer to the region. >> the middle east goes to war with the yen and go higher. soil traders watching calls for governments to support the palestinian people. iran is a key or producer and backer of the hamas group. this is how wti and brent are coming on in the asian session after a shark attack by hamas on israel. iran is now seen as a wildcard when it comes to conflict potentially spreading to the rest of the middle east. this is the pricing after oil posted its biggest weekly drop since march. there is no immediate threat to supply at this point. however, we are watching very closely the vital shipping route that tehran previously threatened to close and of course higher oil prices could mean global government bond yields rallying further. look out bond futures. cash treasuries are closed monday for the u.s. holiday but bond futures are trading is

let's discuss the outlook and bring in annabelle in hong kong.aying that now is the time to buy? annabelle: yeah that's what we're hearing from those in the market. taking a look at the moves we've had in the u.s. 10 year, a big move higher in yields driven by that expectation we will see the fed staying higher for longer. we have come off a little bit recently. haven demand, playing into this. more dovish commentary coming through from fed officials, as well, just taking that chance november rate hike off the table. still, historically speaking, the 10-year is still attractive to some of the market. let's change on and talk about one of those calls that's come through. this is from pimco, saying we are entering an era of extremely attractive fixed-income returns. they are liking this space over the coming 6-12 months. they are little bit more bearish on the outlook for the u.s. economy. paul, they say the fed will need to start cutting rates sooner rather than later. also inflation and growth have hit the peak as well. paul: belle, we had a few

annabelle joins us with morning calls in hong kong. paris seeing how the reaction is playing out. -- perusing how the reaction is playing out. >> we had an interview with blackstone coo jonathan gray. he says the fed is having success on bringing those levels back down. what that means for rates in the near term, they are likely to pause, and that does echo what we heard from jay powell, taking the november rate hike last year out the table, and we have seen money hikes set enterprising cuts. andre also says the fed is likely to keep rates elevated for a period to come. in terms of the reaction from treasuries, the longer end of the curve has accepted that in terms of slowing growth, but as well, tracking some of these really wild swings in the treasury space and in yields. spoke about that as well. take a listen. >> i think long rates have moved quite a bit. that is going to lead to tightening, further tightening, but what investors want is a bit of stability. i think ultimately we will find at some point some stability in the marketp

paul: annabelle they are in hong kong.tories you need to know to get your day going in today's edition of daybreak. bloomberg subscribers go to dayb on your terminal, it is also available on mobile and on our app. you can customize your settings so you are only getting news on the industries and assets you care about, this is bloomberg. ♪ shery: u.s. auto workers strike is into its third week with tensions rising and concerns growing about the impact on supply chains. su keenan joining us now with the latest on this, we heard the union has actually expanded the walkouts on friday. su: this is part of the strategy, publicity maximum pain. they are upping the ante, each week. as it enters the third week the uaw added a walkout at a ford motor factory in chicago which you are looking at their. and a gm plant in michigan in addition to the previous actions. you president taking to a livestream address on friday, let's take a listen. >> sadly despite our willingness to bargain ford and gm have refused to make meaningful pr

annabelle: that is the short and in particular. done that since 2020 so giving an interview at a conference, and the video is surfacing so we can get the details of what he said. he is focusing on the short end of the curve in particular. buying up and taking massive leverage bits on two your treasuries. treasuries at the two year yield breaching the 5% mark so lots of investors are betting the fed will need to stay higher for longer. he has been predicting a hard landing for the u.s. economy and says he is becoming more worried about the outlook. paul: all right. so druckenmiller is worried but other investors are more optimistic? annabelle: that's right. we had an interview with the skybridge founder anthony scaramucci. he said his fund has had the best month of returns ever in october and he says key investments around bitcoin, emerging technologies, digital tokens actually have seen a big bounce. that is what he is optimistic. skybridge has taken a reputational hit because of its alliance with the former crypto exchange ftx and

annabelle: that's right.t story of dollar strength coming through and that's playing out across a lot of different asset classes because when you take a look at what we see in the bond space, it's a story of yields moving high-end what has really been that flight to safety. as you said in the currencies base. the focus on the malaysian ringgit this morning. that currency is at a multiyear low and it's all about these rate differentials that are in focus. particularly for a lot of asian economies. the korean won. that one slipping in with a wrist sensitive currency. it just tells you that the aussie dollar is down three tense of a percent. a lot of commodities likewise are moving low. tracking the moves and oil throughout the session as well. equities wise, half an hour to the session for tokyo and seoul at 90 minutes into trading for australia. and you can see here, the losses are really coming through across equities here for the most part. take a look at the sectors in particular focus today, because we do

annabelle: that's right. when you take a look at the price of bully on over the past weeks, since the start of the conflict, up about 10%. it has been a key asset class. we have aussie stocks coming online and there are quite a few gold producers and you can see this is where we are seeing the big gains coming through out of all of the indexes trading online so far. most in the red, gold and other material linked names moving to the upside. a key sector we will watch in the hours i had given it is that focus on safe haven assets at the start of the treating greek here -- week here. haidi: as mentioned, this is adding more pressure on global markets and investors are preparing for a busy week. jampacked, central-bank decisions, big earnings as well. let's get to our bloomberg global editor. we have the geopolitical overlay and that as well but it's bumpy when it comes to monetary policy setting. >> it is. one of the concerns investors face is there's plenty of potential for extra volatility, and indeed one of

annabelle: shery: for more let's bring in bruce einhorn.from prime minister netanyahu in a televised address they are still preparing or a ground invasion so where we at? bruce: as we just heard the president is encouraging israelis to hold off. there has been a lot of concern about what the plan would be if israel were to do a ground invasion even if they were to succeed even after ousting hamas , a tough task itself. what would come next. there is pressure from the americans to hold off, also to allow more humanitarian assistance to get into gaza. there is a lot of pressure from a lot of others including the secretary-general of the united nations. many other countries around the world calling for action to help alleviate the humanitarian crisis in gaza. paul: we also have the election of a speaker finally in the u.s.. it is going to be mike johnson holding the gavel. this is going to have implications for aid to israel. is this going to more broadly unclog the legislative agenda or is this just the start of a new set of trouble? bruce: t

this is bloomberg. ♪ annabelle: this is "bloomberg daybreak: asia."tations around the fed once again, because we have the of assimilation print out overnight a little bit harder than what had been expected, followed a similar trend in ppi numbers in the u.s. earlier this week, so probably what this tells us that the chance for a fed rate hike later this year whether it is november, 40% odds of that happening. december also play, but essentially a 25 basis point hike by fed officials could be back on the cards, so you are saying that reflected in the bond space, because big moves in u.s. treasuries stabilizing as we get cash markets back online at the top of the seller, but you are seeing a big move fire for yields is the curve -- across the curve. higher treasury yields leads to movement the dollar, and you are seeing asian currency weakness, another story, the korean won a particular standing out in even more sensitive currencies, dropping .8 of 1%. moves coming to her and, because of pullback in the wall street session playing out and what we see he

annabelle: that's right. the repricing again of the expectation that the fed is going to really need to be keeping rates higher for longer and investors have been forced to change expectations around how much the fed would possibly need to hike later this year but also how much they are likely to cut going into 2024. we've seen those moves reflected in the 10 year yield, and blue, steadily climbing higher. it's near the 4.8% mark. 7% could be hit according to some. let's see what we're hearing from economists and investors. they are saying given the moves higher for treasury yields, it could be doing some of the fed's work for it. they could also be ok with proceeding more cautiously. that's the view from bnp paribas. it really is about the market and how investors are reacting to the higher for longer narrative and that could be doing some of the so-called dirty work for policymakers. haidi: the odds for a fed hike in november are much lower? annabelle: that's right, even in the last couple of days we starte

annabelle: absolutely.been behind bars throughout the course of this to him to see his legal team making a push him to take part in the crowd from home. that has -- and the trial from home. he is facing seven counts in front of court. on tuesday the trail kicks off and we will see jury selectio then opening remarks. this is expected to last six weeks. rishaad: the rest taking place as well with another one. annabelle: three arrows capital was a single war base -- singapore-based crypto native. there luna was a hedge fund but of the net. he was detained in singapore trying to leave the country on friday. essentially, he is accused of not being cooperative with investigators looking at the collapse of three arrows capital. since the collapse of this he has continued to travel the world to be active on social media as is his cofounder carl davies feared they have -- carl davies. rishaad: annabelle droulers there, all over the crypto markets. just having a look at what is happening on the market because a lot o

annabelle: i'm annabelle droulers in hong kong counted down the ages major market opens.ry: i'm shery ahn. ourstories this hour. market gets a reprieve as fresh data has back bets on another rate hike this year. tech stocks and treasuries are rallying. the dollar is weaker. in the sam bankman-fried trial, prosecutors say the ftx co-founder is a calculated criminal that lied of the world. u.s. futures coming online in the asian session under a little pressure after we saw ux -- u.s. stocks gaining ground and the s&p 500 finishing around session highs. the nasdaq 100 outperforming gaming 1.5% in the new york session. perhaps, not surprising given we saw treasury yields back down with a rebound -- rebound in the bond market with a 10 year yield headed towards 470. we had dated today coming in weaker than expected. the adp private payrolls numbers added the fewest number of jobs since 2021. so perhaps, that's a little sign of a cooling labor market. we also had the ism services index actually still in expansion territory, but cooling to the lowest levels this year of course.

annabelle: we've got the open of the asx 200. you can see a very modest gain coming through for aussie stocks. that is a sixth session hi. it follows the gains we saw in the wall street session overnight. what we are watching today essentially is a that story that's come through in treasuries, lower yields, being reflected in the aussie three year, the 10 year. the policy greenback, a little bit firmer -- aussie greenback, a little bit firm. traders are taking heed of the dovish views coming through from the fed, expectation around what the fed does next and perhaps we will not see a rate hike later this year. these are all positive factors. we have the u.s. cpi reading following the ppi reading, the u.s. cpi reading, very much in focus. elsewhere in the session today, we will be keeping track of what's happening in china. we had this bloomberg tracker for september just out at the top of this hour here, with a couple of headlines from that. firstly, and the credit market in china, we saw offshore stress easing to its lowest poin

annabelle: that's right.o the session so far and there are really two sectors standing out in particular. one of them is energy. we are seeing oil trading fairly sideways, a little weaker as we come online to start the week. brent crude and wti given that israel has delayed its ground offensive into gaza. fairly steady trading at this point but it is the energy names that are dropping so far. what also we can't lose sight of it is we are in earnings season and this week there is a very busy week coming out for oil names. you have the likes of exxon, chevron, tou thao energies and those are some of the big companies will hear from. that could set the tone for energy stocks over the course of this week. let's take a look at what is happening in the metal space because newmont the world's top gold producer are reporting this coming thursday, we have actually seen shares dropping below their 50 day moving average ahead of that release and that is a bearish signal. likewise we are seeing a lot of the miners that a

annabelle: that is one to watch ahead of a key u.s. inflation print do this week.here is a lot for traders to think about as we get the morning session underway. you are seeing that reflect with the vix futures contract spiking high. it is a movement back into safe haven assets like the dollar and safe havens. in the aussie dollar you have a retreat with the three year yield down seven basis points at this point on the day. for equities, a stagnant start. a couple minutes into the session you see aussie stocks pretty range bound, fractionally higher for a third straight session. we will watch materials and energy stocks, given the moves in energy, seeing that reflected in the aussie dollar, likewise trending lower. something else playing out in the session today is a lack of liquidity. that's a consistent theme. we are watching for updates on hong kong trade disruptions because we have a signal in place that is the third-highest storm alert at place the last few hours in hong kong and a very heavy rainfall coming down on the city. that tells us trading could be del

annabelle droulers reporting from the hong kong stock exchange.rm j and global express cfo about their hong kong listing. that's at about 9:45 a.m. hong kong time. haidi: just recapping some of the top story inside the sad news that china's former premier has died at the age of 60 a and a heart attack. cctv reporting bad he passed away in shanghai in the early hours of friday morning. he was china's second most powerful man. the number two in china for 10 years. at one point was seen as a top contender for the presidency. we know how that played out. he ultimately lost to president xi jingping. in the time that followed, really found that a lot of his reformists were stifled, by his leadership, the policies that were put in place, and he found himself increasingly sidelined by the time that he stood down for retirement. he was a deeply popular figure within china, and this will be extremely sad and shocking news for many. dina's former premier dies at the age of 68. this is bloomberg. ♪ it's easy to get lost in investment research. introducing j.p

annabelle: i am annabelle droulers in hong kong. we are counting down to asia's major market opens.hery: good evening from bloomberg's world headquarters in new york, i am shery ahn. the top stories this hour. the treasuies rout intensifies and stocks struggle is hawkish ed messaging raises beds and another fed hik. >> also ahead, jp morgan ceo jp diamond -- jamie dimon lays out his risks in our exquisite interview. >> there factors that would drive it higher than where it is today? a 10 year bond at four .7? yes. shery: it is decision date for the rba, with economists expecting a hold with the first brit from their new governor michelle bullock. take a look at how u.s. futures are commandline, muted after star struggled for direction during the u.s. session. we saw the s&p 500 clawing back most of the lessons of the day just to finish unchanged. the nasdaq 100 actually outperformed in the new york session despite the fact we have treasury yields at multiyear highs, the 10-year yield touching the four points available for the first time since 2000 level. the 30-year yield is at the

annabelle: australia online.he market rocketing as fresh data has traders dialing back bets on another fed hike this year with treasuries rallying on the dollar steady. il is falling the most in more than a year with signs of demand is structuring overshadowing opec-plus efforts. plus, the biggest health care strike in u.s. history. more than 75,000 workers walking out as ford announces hundreds more layoffs. on the inflation front, a good look at south korean cpr, a significant read. 3.7% we are seeing when it comes to consmer prices advancing from a year earlier. t is really a significant pickup from 3.4% in august. economists we surveyed expected the right to get in at 3.5%. 3.7% was only forecasted by one econos we spoke to. this does potentially enforce the case for the bank of korea to eep policy settings higher -- tighter for longer. the bank of korea has been very watchful when it comes to inflation. the benchmark rate has been maintained at a restrictive level of 3.5% to drive down pce pressures. we expe

just to pick up from where annabelle left off.t's likely to spill over to the asian market if we can see the chinese stocks have been routed in shanghai and also in hong kong. we did see the golden dragon index up as much as 4.6 percent overnight. billy billy, ali baba all getting sizable gains. at least the adrs is a positive sign, and initial knee-jerk reaction to the stimulus we did get overnight. >> we had more details on two high-profile cabinet ouster's? stephen: keep in mind we have three new cabinet ministers in xi jinping's third term already. just a year into that third term. so the foreign minister, we know he was ousted, he was also, last night chipped of his final government position in the party as state counselor. he's gone. that's the foreign minister. then there's the defense minister, the chop -- the top general in the pla. u.n. out of public view a couple of months ago. lots of speculation, perhaps disciplinary moves. now we know he has been removed, also stripped of estate counselor position. a separate announc

great to have your company, annabel and joel. we are back at the same time tomorrow.was conscious when taken. england responded through lucy bronze and took the lead, fran kirby on the scoresheet on her first start for the lionesses in more than a year. but belgium levelled just before half—time and despite england's dominus, belgium had the final blow, georgia stanway and bull and the captain scored the winner in the 85th minute. england now sit third in the group with their opponents leapfrogging them into second. scott and remain rooted to the bottom of that table, they are now a point from four games after losing 1—0 at home to the netherlands. the barcelona forward the match winner. netherlands top the group. northern ireland e1— netherlands top the group. northern ireland ei— one with hungary. danielle maxwell scored a late equaliser, the draw keeps alive their hopes of finishing second in their hopes of finishing second in the group, they now sit one point behind hungary in third. but wales are still pointless in their campaign losing 2—1 to denmark. the p5p ca

annabelle: thanks, shery.s into the session for tokyo and also seoul back from its extended break. but so far, at the outset here, we are seeing consumer stocks among the big laggards at least in the korean session. it is really a bit of a catch down trade that we're continuing to monitor here given as i said rea has been shot for a couple of holidays and that is real just catching up to what happened in the wall street session in particular. but japan likewiseas been under pressure during this period. green consumer stocks perhaps doing a little bit better. but we are continuing to monitor any sort of tourism flows into the country given it has been one of the most popular destinations for inbound tourism. let's change on and take a look at what else we're watching in the session. because we are likewise continuing to monitor how korea is trading in particular. if you take a look at what we're seeing in terms of the energy industrial names, those are the ones that are leading so far in the session, haidi. hai

annabelle: australia has just come online.aidi: asian stocks are set to follow wall street's gains in an effort to contain the israel hamas conflict. israel's defense minister warns of a long war as antony blinken returns for further talks. world leaders arrive in beijing for the belt and road forum. facing an uncertain future as the economy slumps. annabelle: we had the open of a sx starting the day. the focus is on currency because we are keeping an eye on the aussie and kiwi dollars. near lows against the greenback even though we saw a softer dollar in the prior session. we've got rba meeting minutes due out later and that well plus understand why the new governor elected to keep rates on hold in our first meeting as chair. we had new zealand inflation data for the third quarter that came in softer than expectations, so it boosts the case that they will keep rates on hold at the end of november. and cut in the first half of next year. in terms of what else we are seeing there is an outlook for stocks and the asx 200 has tur

annabelle: we're couni down to asia's major market opens. pa: top stories this hour, asian shares falling as hawkish fred messaging intensifies. . the trade the yen trading closer to 150. two the dollar j.p. morgan's ceo lays out his geopolitical risks in our exclusive interview. >> if you go to 7% the answer is yes, are there factors that will drive it higher than where it is today, talking about the 10 year bond, now, yes. paul: investors are looking past tesla's third-quarter delivery miss as analysts maintain a bullish outlook. anabelle: thanks, paul. we are about to open. we will keep watching that as we get into the final, first few moments of trading. the direction of equities, are going to be determined by what happens in the bond space. in wall street session we will get to the details. still, this selloff really starting to intensify here. equities on course for some sort of correction. the 10 year yield trading at a level we have not seen since 2011. more weakness coming through into the aussie dollar as well against the greenback

annabelle: we actually has some pretty good numbers to start off.we are watching , we seeing some moves that have come through for earnings revisions. you can see revisions generally have been a focus because we started to see downgrades of piston upgrades for four weeks straight. morgan stanley has been saying when you see that breath in the market it tells you the outlook broadly is weakening. it is about macroeconomic risk on the rise. certainly this is going to be the big touch point for u.s. stocks and the direction we take. shery: we are in the thick of it. goldman sachs and bank of america the next ones to report. they warned up pressure on for the industry. su keenan joins us with the latest. they were talking about loans and write-offs. what are we are expecting? >> three banks wrote off $4 billion in bad loans and that is double what they had written off previously. we should point out those three banks kicking things off friday saw profits soar, a third quarter record. that is why analysts are saying this has been a solid start so far. th

annabelle has been tracking that what's driving this?cipation of what we could do on the regular true front. a lot of investors are starting to gear up. but perhaps we're going to see a spot bit coin e.t.f. finally being approved. like within other financial assets it's focused on the u.s. and without that spot e.t.f. being approved we're seeing a lot of institutional investors continuing to stay on the sideline. the reason why we could start to see improvement is talk about that price action because you can see that big rally in the last 30 days. that ooh climb of nearly 30%. and really interesting to see bit coin breaking out of that tight price range that's been around 24,000, 28,000 that's been there for the past several months. liquidity is starting to improve. and you're again seeing that play out in the lakes overseer, solana and over doj coin. shery: to your point, that u.s. court now formalizing the victory. give us more details on what's going on in that front? >> just a bit of context to start here. because essentially gray sc

annabelle: we are looking ahead to asia's major market opens. shery: good evening from uber headquarters in new york. u.s. stocks and treasuries fall after the latest cpi figures boost to pets another fed rate hike this year. president biden set to make a formal request for more foreign aid next week as israel's war with hamas rages on. the u.s. and qatar are holding off a disturbing $6 billion in funds to iran. haidi: we are live in wellington ahead of the vote on saturday. the polls showing new zealand's main opposition party is poised to form a center-right government. australia looks likely to reject an indigenous voice to parliament after a campaign that has descended into division and allegations of racism. shery: u.s. futures coming online in the asian trading session. muted after we sell stocks and treasures falling in tandem today. we had bank stocks also underperforming ahead of wall street giants. we are expecting wells fargo, j.p. morgan and citi among those reporting on friday. we are following the treasury action. a selloff reignit

annabel joins us in hong kong with analysis of the pmi survey.et's get to the good news, the official manufacturing print finally above the 50 threshold. >> for the first time since march, the brightest spot out of these numbers that we had over the weekend. the official and private one is out saturday and sunday but as you said the gauge is really the one to watch because that is something that we haven't seen since march of this year. 50.2 was a notch better than what economists have been expecting. nonmanufacturing pmi another bright spot as well, climbing to 51.7. it had been 51 in august. you can see the consensus forecast of 51.6, accelerating as the boost from summer travel is gone. another positive indicator coming through. not all good news because it was divergent and mixed signals coming out of this. one of the things in the official gauge was pmi for small firms extending a streak in contraction. it just tells us the recovery is fragile for a lot of china and a reminder that if we do not get more policy support from officials and the

a bonus point before half—time in wellington, running in six tries against the aussies, who had annabellein the second half. the global competition continues today, with fixtures in the other two tiers, including usa against scotland, scotland currently leading 24—14, and kazahstan are beating kenya 5—0 in the third tier. pakistan are chasing a daunting target of 368 set by australia to win their latest match at the cricket world cup. they actually won the toss and put australia in to bat, a decision that surely they will be regretting, as the aussies got off to a brilliant start with the bat. openers david warner and mitchell marsh both passed centuries to put their side in a dominant position, with warner top—scoring on 163. pakistan did well to limit the damage towards the end of the innings, with shaheen afridi finishing with five wickets, as australia posted a score of 367—9. in reply, as you can see, pakistan on 60 without loss in the 11th hour. in tennis, ben shelton has once again come out on top in the all—american clash against tommy paul. shelton got the win over paul in the fo

annabelle: that's right. really the flip side when you take a look at the dollar yen pair, what was driving it was the moves in the japanese currency. we had the boj decision yesterday in the session. the key take away is that the boj is allowing greater flexibility for jgb yields can trade. we are increasing that upper limit to 1%. the market reactions were quite interesting because that could've been something that would've given further strength into the japanese yen. a local media we had the reporting coming through, we had seen trading down to the 149 mark. now, we are trading around a fresh year to date low against the greenback, above that 151 mark. again, what is that telus, traders and investors are saying the boj needs to do more. that this step toward any sort of normalization, there is a rationale for the boj to really consider further exiting away from its current policy settings. that's a state of play for the japanese yen. the change and take a look at where we are seeing equities trading acros

let's get to annabelle to see what's going on in markets.utures markets and what is to come for today. annabelle? >> we are taking a look at japan futures. contractors coming online in singapore. we are pointing to a bit of a drop here. standing out from other markets in asia. given the boj when you have stronger yen coming through, higher jgb yields, these are things that can pressure equities. financials could see outperformance. certainly a lot of attention focused on that meeting, the decision later. what we are seeing in the session, some markets are online. australia and new zealand are two of them. the asx 200 up 0.2% in trade so far as we see investors starting to have more -- less anxiety really feeding through around developments in the middle east. that's playing into the trading we have seen so far. the question is how long that will last. one of the factors is why we can expect further volatility in the weeks ahead and months until the end of the year, really comes down to the changing expectations around earnings. estimates for

england ran in six tries against the aussies who had annabelle codey sent off in the second half.k's tie, then new zealand on the 4th november. staying with rugby, it's the second weekend of fixtures in the premiership this weekend. away from the big crowds and global tv audiences watching the rugby world cup it'sd sobering to remmember that threee top flight clubs — london irish, wasps and worcester folded last season, leaving hundreds of players and club staff unemployed. and last month championship side jersey reds went into liquidation. in this special report felicity kvesic — whose husband has been directly affected — examines what many have called domestic rugby's toughest season. the overriding feeling of the players was we were hung out to dry a bit. , . . players was we were hung out to dry a bit. , ., ., . ., a bit. graham kitchener en'oyed add lode a bit. graham kitchener en'oyed add ledge career — a bit. graham kitchener en'oyed add ledge career in h a bit. graham kitchener enjoyed add lodge career in professional- a bit. graham kitchener enjoyed add lodge career in pr

annabelle: that's right.eact to events with the israel-hamas war. we are seeing a pullback in yields. cash treasuries trading out of the session in tokyo but that is the state of play half an hour into the session. you are seeing that big move lower across the curve here. has we said, there is geopolitical risk playing into it, that flight to safety but also you got what you are hearing from fed officials. if you take a look at this, you can see the chances here that are building that we will not be seeing a fed hike at the november meeting so that is certainly feeding into it. i don't know if we got that full-screen. i heard from a number of fed officials essentially indicating that they do need to proceed carefully with where they go in rates, mindful of the rise in yields, also reflected by others over the past day or so. let's change on because in the equities picture, that move lower for yields and the dollar is a supportive factor for asian equities and if you look at the function, every single sector i

annabelle: numbers that could be quite supportive. essentially we have preliminary earnings to see the fourth straight revenue drop. yesterday a session is just getting going. reasons for that are the pull back. lower yields builds into a softer dollar. we see that big bounce in the golden dragon index. shery: we sell u.s. stocks and bonds graining ground. the s&p 500 with a technical rebound. we are not seeing much change in the early. we're watching treasury futures at the moment, treasuries rising. continue to watch those numbers that will come out on thursday. tight conditions could be the obama of another rate hike. each >> this is a busy week in australia. we have bloomberg in attendance. the asia briefing is taking place in melbourne. the chinese ambassador to australia. talk about the potential easing, we are seeing that occurring later on this year. not only that, we are busy. the broader investing sentiment in australia and global strategist will be joining us with a former ambassador to the united states. he will be joining

let's bring in annabelle in hong kong. the changing dynamics also showing up in the u.s.n. >> that july, we had treasury sales coming through on tuesday in the u.s.. just taking a look at some of those numbers in detail. they are three-month bills that were being sold. also, six-month bills. you can see in the amount now. essentially economics saying this is the largest ever option size for both of these. they saw more of that coming into the room -- three-month bills in particular. thus talk about why that was. you have less hawkish commentary coming through from fed officials. it is something we have been discussing throughout the course of this week. these changing expectations and even in fed fund futures, you see that lower chance of a rate hike in november of this year. they are also citing geopolitical risks. investors are really crowded into that data in particular. >> portia jones has also been speaking about geopolitics. request that is right. this is actually in an interview he did with cmc -- cnbc. he is saying geopolitical environment is the most right knee h

we'll go on to annabelle in sterling heights, michigan. caller: i have been watching the speaker votes i don't see a way out of this. and republicans are going to gain more votes. he keeps losing more and more, only candidate i could have possibly running or mccarthy and scalise. i don't see anyone else who can win this. at this point for me the best option is a consensus candidate and mchenry was setting precedent not going to run. huge mess and i don't see any way out of it. host: the hill newspaper mark month lynn airo is the third repuic today to flip their vo away from jordan and voting for former representative lee zeldin. john, democratic caller. caller: thanks for taking my call. i think what the democrats should do is make a deal with the moderates and asking them to come on over and put jeffries as the speaker, because the republicans, it's a clown show. you know, i realize nancy mace on the capitol steps complaining about the threats. all of this started under trump. trump is the reason for the position we are in right now. and

annabelle: we are about 20 minutes into the session so far.d so far in the session with the geopolitical overhang coming through. the israel-hamas war is very present amongst investors. we are seeing flight to safety, a move into the quality assets. we've got trading online for cash treasuries. not seeing too much of a move there. we did see divergence in the prior session following powell's speech. he really left the door open to hikes but took off the chance we are going to see one at the november meeting. in japan today, it's the story of geopolitics, the fed, and the inflation story. back below the 3% level for the first time in more than a year. that certainly does back the boj view we have seen a peak in price pressures in japan for now. we are watching the japanese yen very closely. not touching the 150 level just yet. let's change on. we also have the open of korea. at the start of the day here, it is the risk on tone being set here. tech stocks, among the big laggards so far. tsmc, another focus in the session today. we had earnings o

point before half—time in wellington, running in six tries in total against the wallaroos, who had annabellein the second half. scotland continued their perfect start to the campaign with a 24—14 win over the usa. rhonda lloyd with the pick of the tries. scotland now top the table with ten points from their two games and face japan next. after the international break, domestic football returns this weekend, with the merseyside derby kicking things off in the premier league. however, liverpool will be without defender andy robertson, who is set to undergo shoulder surgery and is likely to be out until the new year after being injured playing for scotland. he was hurt in a challenge with the spain keeper unai simon during their euro 2024 qualifier defeat last week. eight games on saturday, including champions manchester city hosting brighton. they'll have rodri back from suspension for that one. the evening kick—off sees chelsea face arsenal. a win would take the gunners top until at least monday, when tottenham play brighton. six games in scotland already. the draw for the women's champions l

secured a bonus point before half—time in wellington, running in six tries against the aussies, who had annabelier, in the third kazakhstan play kenya and spain face fiji. to tennis now, and ben shelton has once again come out on top in the all american clash against tommy paul, shelton got the win over paul in the first round of the us open and banked that up with a quarterfinal win at the japan open in tokyo. shelton, who is ranked 19th in the world won 7—6, 6—3 over fifth seed paul. shelton will face american marco giron in the semifinal after he beat canadian felix auger—aliassime 6—1, 6—4. in other tennis news, 22 time grand slam champion rafael nadal says the australian open injanuary is his most realistic option for a return to action. nadal hasn't played since losing in the second round in melbourne nearly a year ago and underwent hip surgery injune. the 37—year—old has returned to training, but says the pain is preventing him from putting an exact date on a return. translation: i am not training without pain, i i'm in less pain than i used to be, but i'm still in pain. however, this pa