let's welcome the ceo of bnp paribas usa. nice to see you.me back >> scott, thank you so much for having me. >> the major stories and i'll ask you about what steve liesman was talking about and your own takeaway from what jay powell was saying, and what do you think the market impact is going to be? >> i think steve summarized it very well and what happened yesterday and the announcement from the fed was well anticipated by the markets and tempering by the end of 2021 and hiking rates some time in 2022, was there a decoupling between tapering and rates hiking. listen, we will still be in a very low weight environment and we believe it's just continuing -- it will continue to support a strong economy post in 2022 and 2023 as mentioned as well by steve, i believe that the central banks with the fed and ecb are quite well equipped to monitor the inflation dynamic and honestly, if you look at the yield curve at least today and it's flat it's flattened and it's flatter, probably, and being able to steer around 1.4 which shows that long-term invest

bnp paribas chairman would be joining us with his outlook.attered tech stocks could be worth another look. kathleen: you can get more context and analysis on china's correct down on his tech giants on red vine, available online at the bloomberg technology channel on youtube. we're looking ahead now to the market opens in sydney, soul and tokyo. we are also looking ahead to another look at the big jobs report. right now the forecast is for a gain of something around 750,000. that would be slower than the two previous months. importantly, they were very close to one million a much weaker report could shift people's bets on how fast the fed will start to taper. how much quicker they will get to interest rate hikes. and then the opposite. this is something over going over a look at the jobs report. so, keep it right here. this is bloomberg. ♪ >> hello in welcome to daybreak asia. i am kathleen hays in new york. sophie: i am sophie kamaruddin in hong kong. haidi: taking a look at the major markets opening across asia, our top stories, looking ahea

continue to be focused on the markets we do so with greg battle who took mathematics in school would bnp's all about the marginal bid and you say the marginal did right now are sheer buybacks. what does that mean for our viewers? >> when we look at the broader equity market, germany is stretched emily -- germany is stretched. from september last year, every buyback has gotten slightly larger. when we look at the announced buybacks last fall, it was a big change. what happens when they go away? do they go away when earnings come up? are they risk to the market or is it a big drop that would be in order as the heirs talk about needing a 10% correction? >> with share buybacks as they tend to be sticky locally. if we have a minor fall back, we expect to see an acceleration with corporate balance in good shape. there is no reduce -- no reason to step back from them. it we have a big economic downturn like 20/20, that's a different story. if we have a shallow draw down, that's the type of environment where buybacks remain strong for equities. jonathan: up to 15% is a sizable move. >> storm clo

since we started a bnp, women on the platform have earned $70 billion. think this is an incredible opportunity for women on airbnb. the number one and two perfections on airbnb for hosts are school teachers and health care workers. this is an incredibly leveling the playing field because there is no inherent advantage. everyone has equal opportunity. emily: party houses became a problem during covid and airbnb put a ban on parties that all of its listings. you're working to share information with the rpo about repeat party house offenders to try to clamp down. is the band working and how long do you expect this to continue? do you think you will keep this ban in place for the long term? >> we will certainly keep it in place for the time being because we don't want to be a disturbance to the community. the ban is absolutely working. we have fewer incidents than we did a year or two ago. we want -- we are going to continue to develop new tools. we have really good technology tools to detect through a variety of statistics whether or not somebody is throwin

research portfolio for the secretary of energy under president obama prior to that was chief scientist at bnp and for those of you who may remember that just to mean british petroleum, then it meant beyond petroleum and then it went back to bp . will be talking about that and part of that was a professor and then professor at caltech which is i'll confess i'm jealous because that was my first choice and i wanted to go to school. i went to queens university in canada which you know. i like to think of it as a good business school but caltech is the genuine mothership. so in short, stephen is the scientist of consequence. he's not a dell talkie. were going to talk about his book, if you're joining us you know why we're talking about his book. what climate science tells us, why it doesn't and why it matters which is published on the circuit, i know what that's like. it can be annoying but you write a book and it's a lot of work and you want people, you hope people will read it. so we're going to talk about the book which is the science of the planet's climate. we're going to talk about the natur

the other story, euronext, there is a story suggesting at euronext bnp paribas are selling a stake ine down 2.7%. to the broader macro, top forecasters see china gdp growth zero in the third quarter. the chinese economy is thought will shrink. china retail sales slowed in august, missing estimates. joining us now is simon french, chief economist, panmure gordon & co. i want to start with the question of china. in the transition of going of a driver of the global economy maybe the problem child of the global economy. how concerned would she be about the slowing recovery -- how concerned should we be about the slowing of the recovery? simon: a lot of this hinges on the degree to which the corporate indebtedness has come to light in regard to the broader real estate space. the degree to which the space is trying to inoculate by bringing on the liquidity injections or assets onto the balance sheet. the degree of being concerned at a macrolevel would suggest the chinese authorities will dispense with that mixed capitalist and socialist model, and allow corporate failure, which has repercus