annabelle: yeah.equity market the economy editor joins us now, this money, does it tell you anything? >> was talking about the need to stabilize his market, maybe get more details. we're going back to 2015 to bring more money and stabilize to take some time, you could argue some of those measures were counterproductive and it still took a year, so i'm not sure it's going to have the big room. if we are seeing something billions of dollars coming into the market, is all at once? paul: something like 60% of the equity market in china is held by retail investors. the same that in many cases have had an awful experience and continue to. >> is this going to prop up confidence? quick to hit the nail on the head. these retailers are paying attention, the ongoing property market rises. the competences feeding through into significant issues with the economy. look at the deflationary pressures that exist. we don't see any reason to spend. we're looking at some serious issues. holding people back from spending.

annabelle: that was gregory white in d.c.. to tune into bloomberg radio to hear more from the days big newsmakers and get in-depth analysis from the database team broadcasting -- from the daybreak team. plenty more ahead, stay with us. ♪ paul: you are watching "daybreak: australia." a record for the fifth straight year, the offshore drilling wants to pump as much of 720 billion barrels of oil, up from last year's 675 billing. the oil fields in chinese waters have accounted for 60% of the nation's total production increase over the past four years. i taxi seeking to raise more than two booths dollars by selling their stakes in japanese chipmaker renaissance electronics, the largest share sale in asia so far this year. offering shares at an 8% discount to thursday's price. investor trying to sell shares, sources say sellers are struggling to find buyers. his battling intensifying competition ahead of its anticipated. annabelle: we're a few moments away from japanese markets opening here and were keeping an eye on what we get in

annabelle: what is been interesting is u.s. gdp numbers, telling you that markets or individual consumer is also withstanding higher rates as well. >> i think it was even a surprise to powell at his december pass conference. -- press conference. the consumer stayed quite strong, contrary to expect a. so it is somewhat of a goldilocks type scenario. the big question, does inflation continue to cool to the target? the numbers are encouraging for a soft landing. annabelle: new look at stock market performance, the run-up from october, what are you thinking in what we are seeing from learning so far? it does appear like a mixed bag. >> we did go through quite a trough last year. we think across the board we should see a positive return to earnings. we are more or less in line or slightly below consensus, that positive earnings growth were likely to see across the board can continue to drive equities a bit higher. we don't -- we do see equities going a bit higher this year. annabelle: thanks for your time this morning. still ahead,

annabelle: that's right. we haven't really seen policy measures like this leading to substantial gains in the past. a couple movers as well because of big wall street earnings after hours. tesla you can see dropping nearly 5% at this point. we don't know how much lower, but tesla saying hello car sales could be notable -- low car sales could be notable. ibm, quite a different story for this company. shares moving higher. good outlook for revenue, cash flow into 2024. some job cuts but only a few from the company as well. we are seeing strong ai demand growing by the day. let's look at the futures landscape. we just had those coming online for u.s. stocks. some pretty flat moves overall, but we did see stocks continuing to trade around record highs, the s&p 500 and tech stocks as well. chinese shares, the moves we saw in the csi 300 and hang seng yesterday. we saw that translating across the session, golden dragon index up 1.8%. paul: more breaking news at the moment, a bloomberg scoop. we are hearing david al

annabelle: that was mohamed el-erian speaking with annabelle her dern and jonathan ferro.ing up, we will have the debt laden property developer china evergrande renewing a risk in court. the hearing kicking off in annabelle: you were watching "bloomberg daybreak: asia." taking you to live pictures in the court of hong kong where evergrande's fate is going to be decided just over an hour's time from now. it will be trying to fend of liquidation. we have seen a decision on liquidation deferred before, but the judge overseeing the case making it clear that the chances for reproof are over, and the decision is due. to focus on never's restructuring plan, the progress it is making with key creditors here. let's get more and bring in our reporter laura chen. so much anticipation around this. what are you expecting to hear later? >> today is the last chance for evergrande to avoid that liquidation. we are expecting evergrande's creditor to layout any sort of progress made in the last month. the last time they had the hearing with the december, and it was a surprise turn of events

annabelle: in that environment, how do you boost productivity? >> i think you have to bring back the confidence of the private sector. the private sector is driving innovation. industrial policy is the strategy the chinese are -- so investors can still benefit, some of the stocks will benefit from the industrial policy. if you need a more sustainable market, you have to go back to 2014, but they are doing that at the moment. annabelle: how realistic is it that they actually do open that playbook, because it doesn't seem to be the current policy priority. >> that is the key problem. there will be some rebound, the market has conditions set up for low valuation because of the pessimism but those are not going to be sustainable. paul: the chief china strategist . let's turn back to samsung if we can and look at how shares are tracking at the moment, off about .6% in the early going. this is after the company posted its fourth straight quarter of profit decline for the holiday quarter. for more on these fourth-quarter results, the numbers look pretty

annabelle: that's right. a really big focus on that pmi data we get out later today, but the focus of think of what will be leading to asia today, the focus very much on microsoft and alphabet. i was a lot to like in these numbers that came out, but investors are focusing on the negative. alphabet, it is about search revenue and what came out of that. microsoft as well, that focus on crowd growth. an end, another one contracting because i gave a week revenue forecast for the current period -- amd, another one contracting. similar to what we saw with intel. qqq is the eta that tracks the nasdaq, and that is dropping, but let's change off because we just had futures coming online, and a picture here is a bit of weakness ahead of the open. traders sifting through those earnings, but you've also got the fed decision coming up. treasury issuance, jobs numbers as well as -- jobs numbers as well, so there's a big focus on the days ahead. paul: let's get more detail on those earnings from our technology reporter. let

annabelle: we also heard from u.s.saying perhaps given the high levels of corruption in the chinese military, its own campaign or possible plans of invasion into places like taiwan could be facing a significant set back. stephen: this is a very interesting story, from sources again, not confirmed by beijing and at least outwardly by u.s. officials, but some of these investigations indicating that purge that xi jinping launched in the peoples of the russian army toppled the top man, the defense minister, as well as the top general li shangfu, last year. at the time we were talking about perhaps some improprieties about requisitioning, and some equipment purchases in the chinese military, now we're hearing from sources that have not necessarily been confirmed, a bloomberg's group necessarily saying that corruption had reached across all levels of the pla rocket group as well as the defense industrial base. to the point where even some rockets were reportedly filled with water instead of fuel. some of the missile lids out

♪ annabelle: well today break australia. i'm annabelle droulers.e are counting down to asia's major market open. paul: i'm paul allen in sydney. asian stocks are facing headwinds after wall street's worst fed day in almost a year with big tech leading the rosters and jay powell hosing down hopes of interest rates rising next month. >> i do not think it is likely the company will identify march as the time to do that. it remains to be seen. paul: qualcomm falling after the day as the top supplier of smartphone processes warns inventory remains bloated. boeing earnings beat expectations and the ceo dave calhoun publicly admits responsibility for the alaska air panel blowout. let's look at how we are tracking in australia. we have a staggered open with modest declines. we had a record high on the asx 200. it will be short-lived. we can think jay powell and the fed for that. we are backing off those highs as we speak. yields falling across the curve in the bond space. the yield on the aussie tenure now 3.9566. not a tremendous surprise. we saw u.s. equ

annabelle: that was the u.s.ent of defense press secretary, major general patrick ryder, speaking with bloomberg's jonathan ferro. we are seeing u.s. oil futures and higher in asian trading with traders awaiting the biden administration's response to the deadly attack on its troops. fresh news on steady output from opec-plus appears to have put the brakes on last week's rally. bloomberg's su keenan joins us from new york. a lot of questions as to the direction of oil from here. su: the u.s. military will choose its timing on any response. that puts the oil market on edge. traders continue in this waiting game to see how the u.s. moves. white house officials have said the u.s. is seeking a response that is measured. tough enough to deter iran but it has to be not so dramatic that it sparks direct warfare with tehran. markets were poised for correction with the west texas intermediate flashing signs of being over about the last two sessions. but the competing forces, the geopolitical risks versus the supply is what

annabelle: i'm annabelle droulers in hong kong. the top stories this hour -- asia, getting a positive lead in with the old swelling as the treasury cuts at its quarterly borrowing estimate. the nasdaq getting ahead of earnings with tech mega caps. the biden administration seeks to response to the attack and jordan that will not trigger a regional escalation. evergrande's liquidation order is posing a big test for international creditors as beijing faces a property downturn. paul: let's take a look at how we are shaping up for this tuesday trading in the asia-pacific. the asx, showing modest gains. today could be the day we see a record on the asx. we are at seven 580. the number to watch, 7632, for the all-time high. yields, falling modestly. the aussie dollar, breaking through the 66 cent u.s. level. new zealand has been trading for a little while now. we've got the nzx losing about a quarter of 1%. the nikkei, in a positive session. the yen, strengthening just a little, relatively, 4750 at the moment. futures for china, in negati

annabelle: i am annabelle droulers in hong kong and we are counting down to major trading opens.ur top stories this hour. china to hold lending of some shares for shortselling in a bid to support the country's slumping sports markets. the spotlight turning to japan's big banks, whose treating income probably fell as traders await any boj moved to end negative interest rates. plus, intel's boss calls the chipmaker's worth stoxx elephant three years overstated. . we will hear from the ceo pat gelsinger. taking a look at how oil is coming online, monday is the start of trading, we see brent crude, wti coming online at the same time. we are seeing prices jumping modestly, just over 1% for each of those contracts. still the move really is a reflection of those events over the weekend. we had three u.s. troops killed by what is believed to be iran backed militants. traders are recalculating their red sea risks of tobacco that because we had the response from the u.s. so far, saying they are bound to retaliate. vowing to uphold all of those responsible to account for the time and on the

. >> hi m annabelle rulers in hong kong. our top stories this hour. age is set for a cautious start after u.s. stocks barely extend record highs. china's boldest moves yet to stop a market route facing a wall of skepticism from investors. netflix rising after the bell on its best customer gain since the pandemic surge. and while, texas instruments gives another lackluster forecast. the bird learns that apple is dialing back its decade-long ambitions for a self-driving car , as a release date continues to slip. paul: right. we are just opening for trade in australia. we are little to the upside, a 10th of 1%. we have that staggered open. we will see how the morning unfolds, but following on modest gains for u.s. markets. not a great deal of movement in the bond space at the moment with yields creeping up slightly. the aussie dollar moving higher as well. 6583 against the greenback. we get some data short time ago. bmi showed some improvement as well and the composite, 48.1 of us that still below 50, but manufacturing pmi above 50 with her, of 50.3, a p

annabelle: one of

annabelle: that was our asia stocks managing editor.erformance of asia em stocks pretty interesting to note last week excluding china but we did see some big outflows given investors had been recalibrating their expectations around the fed. let's discuss that now. we have our senior asia equities reporter joining us from singapore. not a great performance from asia x china last week but some are saying it could be a little bit more of a blip rather than a trend that is starting. >> it does not look like a trend et al. because this was the first outflow after 10 weeks of inflows. the outflow has been led by taiwan and india. if you look more granular lee, taiwan's outflow came after the vote. taiwan's outflows are deducing. dish are reducing should incomes india. we have seen outflows on the back of banks showing some slowdown in loan growth. that is dissipating. started on a positive note with tech companies delivering better numbers. given the context of outflow coming for the first time in 11 weeks and this whole set up and optimism a

annabelle: we got u.s. futures coming online and fairly steady at the start but a pretty robust session. it was led by the gains in the video, that is the last two are seeing for the stock but the gains representing a fresh record high for the company. releasing new ai chips, learning a new customers -- luring and new customers. boeing fallout from the alaska air incident. fairly steady here, again when you look across assets, it was a range bound muted session. a big move came through energy, take a look at how wti has come online, we side up, we are seeing it holding fairly steady but it was the story of perhaps the weakening demand coming through against the picture of stronger supply. the fed move in treasury yields, a slight move higher, and also dollar weakness that came through, bitcoin, one to watch with the optimism for a spot bitcoin filing to be approved. >> optimism when it comes to the china monetary authorities saying another rate cut may be on the way to fire up what has been a feeble recover

annabelle: you're watching daybreak asia.rrencies are faring in the session. a bit of dollar strength coming through against most of the g10 peers. tracking the japanese yen closely because we are within two yen of 150. the level we last saw in november last year. certainly raising the risk of any intervention from japanese authorities. we are back to the goldman sachs global macro conference in hong kong to discuss the i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. paul: breaking downtown out of australia. business confidence numbers from the national australia bank for the month of december. a bit of an improvement in business confidence rising seven poi

annabelle: i'm in hong kong, counting down to asia's major trading open. the top stories this hour. agent stocks set for a positive open after wall street ended at record highs despite further fed pushback on eminent interest rate cuts. ron desantis drops out of the u.s. presidential race and endorses donald trump. making tuesday's new hampshire primary two horse race between the former president and nikki haley. australian software firm cannabis set to be close to completing a $1.5 billion share as it ramps up business with adobe. >> opening up trade, difficult to get a read on things, they are positive modestly by a few points at the moment. new zealand has been trading for a little while, a bit of positivity up by a tenths of 1%. this is a positive finish to the week for u.s. markets. if we take a look at the yields on the tenure, the has been creeping up over the past week, the aussie dollar lost a bit of ground, we had encouraging jobs figures, the aussie jobs below $.66 u.s.. your looking at the open in japan, the nikkei has been charging, 100 points shy of a record and the fu

annabelle: where you are overweight is japan. it has been a strong start for the nikkei over the course of this year. the rally is lacking breath as well. does that concern you ap could be near? >> we are constructive. have been bullish japan for a few quarters. there is a lot of nuance in the japan story. i think we should not miss the point. japan has moved from deflation to inflation. that is obvious and extremely important in two rights. first, the earnings outlook if you have to call. as japanese corporate could benefit from inflation, that transforms the earnings outlook in positive direction. japanese savers have around $7 trillion of saving in cash or something like cash earnings zero. zero is a great return in time of deflation. in inflation it is much less good it is hard to know how much of that 7 trillion is going to move. some portion of the 7 trillion is going to have to move into real assets which could include real estate. other equities is the obvious one. we are going to see that structural flow over the quarter

annabelle: that's right.t can really add into that is what we get in terms of china's economic outlook. it is that to report for your growth -- set to report full-year growth figures, exposure to meet the government's goal of around 5%. consensus of bloomberg economists surveyed is around 5%. we will also get the numbers for december industrial production and retail sales. beijing is again to set this year's growth target at around 5%. let's get more perspective with our next get, an independent economist, andy xie, joining us in a hong kong studio. it is an ambitious target given the higher base if we see the 5.2%. is it realistic? candy: i think last year there was --andy: i think last year tourism added to the growth rate. last year was a little rebound. it will be a bit more difficult this year i think, but it is possible that 5% is still achievable because we are going to have an exporter rebound. annabelle: still, if we get that, it does perhaps rely quite a lot on aggressive stimulus. you are not reall

annabelle: su keenan in new york.o the direction of where oil prices are heading has been the outlook for the dollar. fairly steady into the end of last week and even following that u.s. jobs print. the headliner level looked robust for the underneath we are seeing cracks taking shape. keeping an eye on what currencies are doing in this of the world, the aussie dollar one of them, because this week it is facing what will be a key inflation test. we have seen it rallying 10% over the course of the last few months against the dollar. with the rba sounding hawkish, that will be put to the test this week with that tcp/ip into that is due. it could jealous -- with that is due. otherwise we could continue to keep an eye on the direction of the japanese yen, holding fairly steady. it has been that rate differential between japan and the u.s.. sticking with the japanese currency, the ana ceo expects the currency to stay at 140 per dollar. he spoke to us on the sidelines of the gathering of japan's biggest business groups. >>

annabelle: and the conference today.rew joining us today at the morgan stanley investors conference. haidi: you started the conversation up with the latest geopolitical developments. we have more interviews lined up from the sidelines from the investment hong kong -- investment conference in hong kong yesterday -- later today. in terms of the latest that we know of authorized airstrikes that have now been launched on houthi rebel targets by the u.s. in u.k. we are cheering from pentagon officials saying the u.s. and its partners have conducted these strengths on yemen, u.s. struck more than a dozen targets in yemen including radar sites as well as missile launches it. we continue to watch this were more details on these operations at where we go from here as we had the u.s. and rishi sunak confirming his authorization on these joint strikes. let's bring in our analyst jennifer welch. we have kicked off 2024 with quite a high degree of geopolitical risk. what is the risk that we see retaliation now? >> thanks so much for

annabelle: just tracking the reaction in japan stocks. we have futures that just opened that contract in singapore. pointing to some gains here. it's partly coming down to a boj story because one of the reasons we have seen such a big run-up in different meme stocks over the course of last year was that the boj was sticking with this easing policy settings. you mentioned another data point house that they will be looking to justify those decisions. the yen the changed. equities generally in the dust the yen -- the yen little changed. in wall street, stocks are looking ahead to the u.s. inflation print coming thursday. what else we have been noting on the date upfront is the unemployment data in north korea. let's take a look at that, because includes into expectations about what they're be ok will be doing. the bank of korea is the first asian central bank to meet on thursday. the expectation is we will see a hold. but when you look at the economic data that has come through, that adjusted jobless rate, for instance, rising to 3.3%, it po

annabelle: a start of the new trading week in asia and at the start of the day you can see we are looking range bound, not much movement so far but putting it in the context of how we ended last week, wall street shares mostly moving to the upside and traders still continuing to focus and recast expectations around where the fed goes, how aggressive they will be with the rate cuts this year. that is one focus point. we've been watching that for weeks. it has been playing into the dynamics of the yen. continuing to hold around 145 where it has been the last five sessions. it will be tested as we look at the boj meeting but no change expected yet. a focus on geopolitics coming into taiwan playing into that after the results of the election and traders seem to be taking it in stride. shery: investors giving their verdict on the election of taiwan's president. markets will open in the coming hours. the victory being seen as a blow to xi jinping strategy for the island. >> we are telling the international community that between democracy and authoritarianism, we will stand on the side of democ

annabelle: that's right.o the open for japan and the start of trading in korea. at the start of the day it is a focus on where japanese stocks are heading because they have indexes hitting 34 year highs. we are going back to levels before the economic about burst in the early 1990's. you can see the nikkei coming online 1.2% to the upside. outperformance over the course of 2023. a lot of investors are saying you cannot expect it to continue for a variety of reasons and one of those is the boj likely to stay dovish. the yen holding about the 145 mark. cash treasuries holding above 4%. adding to the fed speak this week is fed williams saying it is high enough for the 2% goal. as you said we have the b.o.k. decision that could be due this hour. we also had trade coming data for the first 10 days of january. the big watch on exports and we saw that rising 11.2% falling fractionally and continuing to watch samsung shares a little under pressure. a big block trade crossing yesterday. haidi: economists we have surve

annabelle: that's right.sion coming into how markets are faring given we have the resumption of trade in japan. it has not been a great start to the year. discussing the earthquake death toll and the jet crash that happened, in the market reaction. we need to take note of that this morning, given stocks are back online. we are seeing companies that have manufacturing bases or distribution channels going through that earthquake center around the region really being affected. they have a manufacturing base in the northwest, sliding this morning. some names that have been cited in articles on coverage of the earthquake have been mostly under pressure. but broadly it is not a very great start to the year for japanese trading. if you change on where the pressure is most being felt it is in the tech sector. it follows while straight -- it follows the wall street trading. a lot of investors are actually optimistic on the outlook for semiconductor names, but still seeing some big jobs across the board. generally in t

annabelle: what about the performance of bonds versus equities?> if you look at 2024 versus 2023, the yields are much more attractive, more attractive than they have been over the last decade. fixed income is in a good place for 2024, but you have to be cognizant of the fact that even equities that i have talked about, thematics, i expect it to still stay quite resilient and even have the possibility to outperform the bonds. coming back to the bonds, the broader macroeconomic environment is quite supportive. if you look at valuationso -- at valuations on spread, those are quite stretched. fixed income is rewarding. the elements driven by technicals, which will drive some of that return expectations, with so much significant cash being deployed over the last year into cash equivalents, if some of that is coming back to chase the yield, it will provide potentially a technical support the credit, which we would expect again for it to stay somewhat range bound and supported for 2024. credit is constructive. some parts of equities are constructive for

annabelle: it has been the key thing across different asset classes.with the bond space, is that move higher for treasury yields. a little more by the longer end of the curve which is in line with what we had in treasury moves in the prior session. as you said, the fed governor downplayed the need to rush cuts and said that they do really want to see price pressures contain inflation coming back under control before we start to see any reduction. so it could be later in the year. so they are recalibrating their expectations, lower odds now for a cut. the moves and treasuries that lead to a stronger dollar, that is a negative for stocks generally. what is moving the most to the downside is what we see in the energy sector. the index down .8%. it does reflect the moods we see in oil price as well. wti is low for a second straight session, you've got energy names leading the losses so far in the session. the downbeat mood did and the struggle though it did outweigh some benefactors. red sea tensions do persist and that could lead to higher oil prices over

annabelle: still tracking a couple of different sectors in relation to earnings. friday in the u.s., the latest season permit fourth quarter numbers. disappointments. we had burberry, london-listed, slashing its profit forecast by 100 million pounds, 100 million dollars. the ceo saying it is clear that demand for luxury goods is calling, particularly in the key markets, the u.s. and also mainland china. you have luxury stocks as well in asia a bit under pressure. shiseido, one of the standouts is the downside, off 2.2%. we also had delta airlines walking back its profit target in the latest numbers. now saying that adjusted earnings are likely to come in at six dollars seven dollars a share this year permitted the company has had a long-term profit forecast in place of more than seven dollars a share for 2024. the carrier shares slumped down the most in 18 months. rivals as well were lower. your seeing mostly airline stocks moving to the downside, with the exception of korean air. certainly high costs seem to be countering the gains for a rebound in international

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annabelle: we have the open of the asx 200. you can already see tracking the moves we had on the wall street session, so not going into too many details, but a headline we had the u.s. retail sales strong reading coming through telling us that the consumer is resilient, and perhaps the fed really will not have any need to start cutting rates as soon as march of this year, so traders are continuing to push back their bets, and that is driving yields higher. we saw treasuries moving and you can see that again in the aussie three-year. the 10-year at the start of the day. it is also a story of u.s. dollar strength and we have seen that across the course of this week, so the aussie dollar trending back across that 65-cent level. you can see that express because we have the a sx 200.3% to the downside, but this is a fifth straight day of losses so far that we are seeing. >> let's change on because that is the dynamic we are expecting across equities in asia today, qe already online. nikkei futures, the chicago contract, even though

annabelle: you mentioned apple and the downgrade weighing into the moves in the u.s. session. it was the tech sector in focus. that is also the sub index we are tracking closely. we are not seeing much movement. it is a staggered start. nine minutes for australian markets to be fully online. we will see. how we see trading coming online. futures had been indicating toward a little movement as we had been discussing through the course of this week. trading volume off 20 day moving averages. the big moves we are seeing in the bond space. tracking the moves in treasuries overnight. it is the changing or recalibration of expectations for g10 central bank monetary policy decisions over the course of this year that is the key focus for us. we are continuing to see a robust labor market in the u.s. the fed high for longer is the key narrative. equity markets so far flat as we come online. not seeing much of a move in the tech index. let's take a look at the rest of the region in asia. as i say, we are checking the moves in bonds. we are seeing the yields moving to the upside in the k

annabelle: absolutely. we had the taiwan election and he did reflect on that, saying unification will come. there is also the u.s. election at the end of this year in november. when you look at the u.s. side, it is that tech rivalry continuing to develop between the countries. january 1 was when we saw that restricted on the exports of manufacturing gear for the semi conductor injury -- industry taking effect. this is being led by the biden administration. key allies to watch, the netherlands, japan. we understand some countries got a head start on the restrictions, so what we heard from sources is asml, which produces euv lithography machines, very key to the chipmaker manufacturing process, they stopped some exports of three machines that had been in process, at the request of the biden administration. at the end of last year it was the story of huawei that managed to produce the phone rivaling apple's iphone, done with a chip made possible with the use of asml's machines. that tells you we did see china

annabelle: just picking up on it of those things.t stocks in korea leading the drop for the kospi overall. these are the big movers on the session so far on the board. it is that story from what happened on wallows -- what happened on wall street overnight. the nasdaq saw its biggest drop in two months. it was the focus on the magnificent seven that led so much of the gains over 2023. we saw apple for instance falling on that barclays downgrade, warning that iphone demand is cooling. you saw nvidia, meta platforms, all of those sinking. at the same time we had that move in treasury yields as well because we had that move higher in yields led by the front end of the curve with traders rethinking their expectations around fed rate cuts and a firmer dollar. that is the session so far. let's take a quick look at the aussie i.t. stocks because they are leading the drop for australian trading today. that broader benchmark for the i.t. index down 1.7%. it is the same theme as we were discussing so far. changing expectations around the fed,

this is bloomberg. ♪ annabelle: you are watching daybreak asia.kets are steady going into the first trading session of 2024. mutated gains across the board but the session looking range bound with markets are shut in japan and new zealand but coming off the back really of weakness we saw in the prior session on wall street so it tells us again that it could be range bound and i want to demonstrate that if you bring up the function check how aussie stocks are trading 30 minutes into the session and you can see that trading activity is 75% lower than where it would be at this point on a typical 20 day moving average basis so a lot of investors probably away for the holiday but it is though the question of how markets will perform over the year and there is expectation that there are strong things moving in favor of market and though valuations are a little stretched in the session, let's change on it depends on the direction of where the fed goes but as you can see from the chart a lot of fed cuts are priced in over the next 12 months so traders whe

annabel schaefer's putting her medical knowledge to work, making sure kids can still do what they loveying safe. she's a 3rd year med student at the carle, illinois college medicine, teaming up with athletic trainers in 19 central illinois. high schools spanning from danville to monticello. what we did was we looked at. >> their baseline assessments on farms called scott 5, which is the spark concussion assessment tool. and we gathered all the baselines from about 3,000 students to generate normative values that way, the research team and athletic trainers can bridge a gap in a variety of sporting programs. when a kid comes in after having a concussion, they can hopefully that act changes from their baseline and know that they've had a concussion. this type of study is unique. so we've seen a lot of concussion research at the pro level on up the collegiate level. but we don't really see a lot of the high school level. so that's what's interesting. so far the research is uncovering big differences between athletes based on their age, gender and other conditions. overall, we see that gir

annabelle: more than 10 years in the making for this to take place.ey takeaway when we have spoken to different people across the industry is this does not derail what is expected out of the sec. coming up against that deadline, the sec does need to respond at least to arc 21 shares application. there have been a dozen companies on that list, or looking to list etf's backed by bitcoin in the u.s. arc is just one of them. we saw a slew of them coming at the same time. the sec is meeting over the course of this week. possibly this hack, could be a reason to postpone that meeting, but it does not stop the drumbeat, which is towards having a spot bitcoin etf available in the u.s. market. haslinda: belle, thanks so much for that. another company we are watching is honda. here is what the stock is doing. that is with its ceo walking back a plan to deploy a self-driving car, developed by gm, for early 2026. bloomberg spoke with him at the ces in las vegas. >> to achieve our goals we need win-win relationships, so we are very proactive on forging alliances an

history ended in a defeat for one of the title favorites. 3rd, c delana reb, akina was beaten by annabelle and cova of russia. the decisive tie break lasted for more than half an hour with ruby keen, a missing h. match point. in the men's draw wimbleton champion, carlos alvarez was forced to call on all his tracts to get past it leaves lorenzo san diego. the spaniard eventually closed up the match in a 4 set tiebreaker still only 20. this was his 200 top level match authorizes aiming to win this title for the 1st time. i didn't know enough about the i'm, i'm really happy. i'm just uh, uh, 2 years i'm to work to just on a hot on the i really made to the 200 wins on the tour for me. it's a, it's incredible. you know, on the, i'm looking forward to to make the, the 300 and alexanders arrived needed 5 steps to be pulled back. in qualifier lucas klein, the a 6 see winning a match that lasted 4 and a half hours of the . and the last few minutes australia have beaten syria one now to book their spots . and the last 16 of the asian kept house cuts are also 3. doesn't knock at rounds as german hash

and interestingly, it's alleged that princess beatrice was actually called the name annabel.he queen disapproved it. so i really don't think. can you imagine without the queen's blessing, this would ipsis would have caused if the poor queen had dared to say no to them. >> i think people said yes to them. far too often in their lives. >> it's a lovely thing. i'm using a family name. i'm quite intrigued by this question of the queen being as angry as anyone had ever seen her. >> as her majesty, her late majesty have complete majesty seemed to have complete neat perfect self control neat and perfect self control as any lady should. you think any lady should. do you think that that? she simply raised that was that? she simply raised one an one eyebrow. that was an indication fury. indication of absolute fury. >> think of all the >> i just think of all the things in that family that the queen furious about. queen could be furious about. this probably didn't make her the furious. this probably didn't make her the i furious. this probably didn't make her thei thinkurious. this proba

you will have fun anchoring with annabelle droulers in the meantime.rter. more exciting developments in the reunion of the dynamic duo. haidi: cannot wait for that. shery: our markets coverage continues as we look ahead to the start of trade. standby for bloomberg markets china open. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com - if i told you something thaextends your life span,. improves your sleep, makes you more empathetic, and reduces stress and cognitive decline, you would think it was a miracle drug. but i'm talking about reading. reading every day

annabel rackham reports.uences doing skincare retains a couple of months ago. she saw products being advertised on tiktok and tube shorts and asked family members to buy them for her as presence. what is that you love about skincare?- you love about skincare? mostly about the packaging. _ you love about skincare? mostly about the packaging. because i | you love about skincare? mostly i about the packaging. because i like all the colours on it and, like, the labels. ., ., , ., , labels. how does it all gets laid out? what _ labels. how does it all gets laid out? what do _ labels. how does it all gets laid out? what do you _ labels. how does it all gets laid out? what do you do? - labels. how does it all gets laid out? what do you do? i - labels. how does it all gets laid out? what do you do? ijust - labels. how does it all gets laid out? what do you do? ijust do | labels. how does it all gets laid - out? what do you do? ijust do like out? what do you do? i 'ust do like the biggest — out? what do you do? i 'ust

why can't we have annabel croft all the time doing things like that?t clare balding in racehorse 5, about clare balding in racehorse s, uh, stuff as well ? i think s, uh, stuff as well? i think this is absolutely stupid. i really, really do. um, would anybody remember the wonderful rachel hayhoe flint? she was the cricket captain all those years ago . she should have been ago. she should have been commentating . commentating on commentating. commentating on cricket matches . what's the cricket matches. what's the matter with it? it's wrong. we women can do things just as well as you men. as you men. >> as you men. >> well, probably better in most cases. but benedict spence, my point here is that if you're watching the fa cup final, you want the pundits to have played in the fa cup final. if you're watching the premier league, you want to watch pundits who have played in the premier league. and that's where i agree with barton. >> i disagree that they even need to be professional footballers . i think that joey footballers. i think that joey barton is r

. >> it's going to be a difficult task for annabel, emily and harriet, but it's one that they're embracing uh, but up. be >> a bit worried, uh, but up. be fun now. lose all my streaks and everyone's going to be, like, missing me. like where are you, emily? but i feel will emily? but i feel like it will be beneficial for be a it will be beneficial for all of us. i feel like , um, all of us. i feel like, um, well, i think it's good for my sisters so they can play with me i >> -- >> and i m hm >> and i think it's so we can spend time as a family. >> so if you're taking part, whether decide to play board whether you decide to play board games get out of the house, games or get out of the house, don't let your device decide that you, anna riley , gb news that you, anna riley, gb news with my hair. >> i'm making it time. >> i'm making it time. >> so what i would we love this because what we've decided is every week we want to show you a wonderful thing that a british person has done. the greatest britain and we have the wonderful rachael rettner here with the percy. we'll with the lovely percy.

stars cliff parisi and annabelle apison tell us why hollywood actor tom cruise often makes filming therounded by groups of predominantly young men, and it's a very intimidating, threatening experience. we have identified really specific hotspots in soho, kensington, hammersmith, chelsea, and we know it's outside venues, thursdays, fridays and saturday nights between roughly 11pm and 4am. london is not being properly prepared to deal with the increasingly extreme weather that climate change is set to bring, according to a report commissioned by sadiq khan. heatwaves, fires, intense downpours, flash flooding and sea level rise will bring increased risks to people's health, homes and businesses without adequate adaptation. the review also said demand for water is expected to outstrip supply within the next 15 years. a recent spate of drain covers being stolen across haringey is potentially putting pedestrians and road users in danger, according to the local council. the borough says missing grates can cause an accident and can lead to blocked drains and flooding due to debris not being ca