you can also read the story in this week's addition of bloomberg businessweek.nother alert on the bloomberg terminal now, numbers out of csl. full-year revenue of up 26% to 13.3 one billion. final dividend, $1.29. shares have had a rough ride this year, but these numbers were fairly strong, from austria's biggest pharmaceutical manufacturer. just to recap, underlying profit, 2.6 $1 billion, up 10%. that is another stock to watch at the open when we get going here in austria in two hours. more in a moment. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh paul: we saw u.s. equities rising into the close ended and being a good day. futures looking like this at the moment. s&p and nasdaq futures moderately higher, but a bit of weakness for dow jones futures. our next guest says the u.s. equities market should continue to surprise to the upside. let's discuss where the opportunities are within the senior portfolio manager from multi-asset solut

let's bring in bloomberg businessweek editor joel weber. he did the interview. he's now back stateside with us here. so, joel, fascinating stuff. does the us, does the current administration, for example, have a preferred candidate? it's a great question. no, they wouldn't say. they won't say. and it does speak to just how fluid even the election is. we're still months away, right? taiwan's going to vote in january. a lot can happen between now and then. the last time taiwan voted for for president, which ended up being the current one who can no longer run because of term limits. that race was upended basically within the last few months of the race. so all eyes on this still and we'll see how it plays out. us, you know, will stay out of it, right? officially, they will stay out of this one. they have been known to kind of like weigh into it at points in the past. but i think everybody's on the sidelines for now. joel lie reiterated that idea of being a rational and steady leader in addressing that elephant in the room, if you will. you got some really incredib

shery: bloomberg businessweek's joel weber joining us from new york.n the latest bloomberg businessweek. plenty more to come on "daybreak asia". this is bloomberg. ♪ shery: hey look at how markets are trading across asia. we are seeing health care and industrial leading the gains in the session today. this is we have a little bit of a mixed picture across markets. the nikkei is recouping some of those losses we saw the previous session. we have very strong numbers when it comes to annualized gdp growth of 6% for the second quarter, really beating expectations by economists the growth of two point 9%. consumer staples and real estate lagging in the asian session. kiwi stocks are under pressure as the asx 200 is gaining ground for 10th of 1% per just 4/10 of 1%. paul: markets open ahead of hong kong and china are property space front and center. country garden seeking to extend a mature bond after holding local bonds. the city's planning to lower down payment requirements for second-home buyers. we will keep an eye on hong kong and china guests. and big

he spoke exclusively to bloomberg businessweek in his first interview with international media since becoming vp and told us about his plans for relations with mainland china. take a listen. well, when you saw also we, the us, we must abide by the truth, which is what i mean by pragmatism. it is that taiwan is already a sovereign, independent country called the republic of china. it's not part of the people's republic of china. the roc and prc are not subordinate to one another. it is not necessary to declare independence. what is your roadmap to formal independence? you may well. chenzhuang my responsibility is to maintain the status quo in the taiwan strait while protecting taiwan and maintaining democracy, peace and prosperity. so no such framework exists. we must work to maintain the peaceful status quo because taiwan is already a sovereign country and china keeps pushing on the status quo and it keeps pushing its fired a missile over taiwan. it's crossed the median line in the taiwan strait and it's simulated a naval blockade. what is your red line on the increased tensions impa

bloomberg businessweek. all right.ut five minutes away here in hong kong. we'll get you a roundup of the sort of big movers. what you want to talk to you guys about chips, though. and we're seeing this move really against the grain on the back of. well, you have news out of micronics here talking about and management guidance here to the upside on laying out expectations in terms of demand. that's number one. number two, we woke up this morning with quite a big pop in shares of nvidia. so this rally seems to be juxtaposed against the global chip rally we're seeing overnight. plus, morgan stanley, by the way, when the chips fall, they say it's time to buy the sell off. and nvidia is a good entry point as far as morgan stanley is concerned. so this is really one of the i guess, has few bright spots today. that's right. in the opposite direction, though. we have chinese stocks. if you take a look at the hang seng china enterprises index. it is down about 7/10 of 1%. of course, this is the third day of that index getting u

kyle stock, thank you very much and you can read his article on bloomberg businessweek.res of vietnamese carmaker vinfast jumps more than 50% again today and the company is more -- worth more than $100 billion, a higher market cap than ford and gm put together. bloomberg's bailey lipshultz has been reporting on this and one guy owns 99% of the company so he will be on the bloomberg risk -- ritualist soon -- rich list soon. >> he is already on their buddy cannot sell. that is why you are seeing these real and -- weird sharp swings on the downside as the company went public. matt: who is this guy and what is this company? >> that share owns about 99% of this company so when you look at the company going public through a spec deal --spac deal -- more than 80% of those investors redeem their share so there is a low number of shares outside trading so that is why people are buying the shares and we are seeing millions of shares traded, you see massive spikes to the downside and when i talked to my context for short that short-sellers, they are saying they want to sell it but

ed: matt day, check out his peace in the businessweek about the big amazon grocery reset. coming up, amd topping quarter estimates and touting inroads into artificial intelligence. we will dive into results next. what is going on here? aftermarket, 12 to 18 hours ago, shares were up and now we're definitely well in session lows. we discussed. this is bloomberg. ♪ -- discuss. this is bloomberg. ♪ the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. ed: theme d reporting better-than-expected results with optimism by the chipmakers, the ceo saying while we are in the early days, with the new era of ai

he is campaigning to become the island's next leader and spoke exclusively to bloomberg businessweek in his first interview with international media. well, since he also also with the us, we must abide by the truth. which is what i mean by pragmatism. it is that taiwan is already a sovereign, independent country called the republic of china. it's not part of the people's republic of china. the roc and prc are not subordinate to one another. it is not necessary to declare independence. it's what is your roadmap to a formal independence. you may well join. my responsibility is to maintain the status quo in the taiwan strait while protecting taiwan and maintaining democracy, peace and prosperity. so no such framework exists. we must work to maintain the peaceful status quo because taiwan is already a sovereign country. how confident are you that the us will have taiwan's back? should the situation with china escalate? the main goal, said taiwan. the you the us is a close friend of taiwan. we are partners in a number of areas from politics, the economy, human rights to our society with t

he spoke exclusively to bloomberg businessweek in his first interview with international media to tell us about managing relations with mainland china and the expansion of chip manufacturer tsmc. well, he also also with us. we must abide by the truth, which is what i mean by pragmatism. it is that taiwan is already a sovereign, independent country called the republic of china. it's not part of the people's republic of china. the roc and prc are not subordinate to one another. it is not necessary to declare independence. what is your roadmap to formal independence? you may well. chenzhuang my responsibility is to maintain the status quo in the taiwan strait while protecting taiwan and maintaining democracy, peace and prosperity. so no such framework exists. we must work to maintain the peaceful status quo because taiwan is already a sovereign country. so how confident are you that the us will have taiwan's back? should the situation with china escalate the minguo state, taiwan? the us is a close friend of taiwan. we are partners in a number of areas from politics, the economy, human rig

i did a piece for businessweek where there is fascinating private equity exits, the ipo markets haven closed. a huge test of whether they might open up again. there are lots of companies sitting there ready to pull the trigger, reporting suggests instacart may be about to go public. but the german maker of sandals, birkenstocks, may also be going public soon. if it doesn't succeed, there may be rethinks on that front. lisa: instacart and birkenstock are not exactly established designers that are used in every single iphone every made. there is a question about whether the market is open but only for select companies. is this going to be an anomaly or is this going to be an example of what market appetite could be? >> if it is a success, there is no guarantee the others will be a success. if it is a failure, you start to have a re-think. this is a core part of the chip industry. there are investors in semiconductors or people would say fundamental technologies, they would say if you believe in the long-term trajectory of the industry, you have to be in on. the same you have to be in t

read more about taiwan's vice president and his views in the cover story of the latest bloomberg businessweeke to come. this is bloombergpay over 100 br cable when it's half the cost for fubo tv. get all the channels you want on the only live tv streaming service rated number one in customer satisfaction by j.d.. power. try free at fubo. tv.com. or other authorities could face bigger challenges next was going to keep world cup this is a three as the economic picture does okay is getting ready to make. all right just got some breaking news for you across the bloomberg terminal is the westpac leading index this is an index of about nine macro indicators, a composite really of housing, consumer confidence rates and others. and it's just moved into negative territory, but only just by. 0.03 of a percent in the month of july. the june reading was also revised down a bit to 0.08. so pretty flat, which is a reasonable indicator of sentiment in the country at the moment. as we believe that the rba may possibly have reached the end of its tightening cycle. although phil low in his last statement to pa