this is bloomberg. ♪ welcome to daybreak: asia. i am shery ahn. markets have opened for trade. our top stories this hour, asian markets face an uncertain and to the week. investors are concerned about the virus. chinese internet stocks remain in focus. something after the close in new york. they deface advertising challenges while i.t. is under investigation by the sec. tech trade, human rights watch hong kong will be on the agenda when the u.s. and china review their phase i deal. beijing wants to address reaching out on tiktok. a mixed friday session looking likely after the regional index managed to raise 2020 losses. goldman sees the rebound extending for stocks outside of japan. we are seeing the nikkei 225 at about a third of 1%. that rounds out a shortened week higher. for a secondaded straight week of losses. you have the currency around that 107 level. turning to saul after a nine-day gang -- seoul after a nine day gain. we have august options expiring in south korea. chipmaker has -- this shoemaker says that the outlook is worsening. we

shery:shery: welcome to "daybreak asia." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. our top stories this hour, asian markets facing a quiet start. the s&p 500 within touching distance of an all-time high. oil rose on falling u.s. stockpiles. california has its second most deadly virus and day yet. florida cases hit .5 million. global infections climb. debts are about 700,000. the trump administration dabs up its attack on chinese tech. mike pompeo wants to cut ties well beyond just a campaign against tiktok. alert on start with an the bloomberg. south korea announcing its surplus widening to $6.88 billion. this is a recovery from the $2 billion level we saw in the previous month and recovery after logging a deficit in april. when it comes to the trade surplus, widening to $5.867 billion. we have seen south korean exports slump, slowing in july. we are seeing an economic recovery in china and demand for semiconductors. let's turn to sophie kamaruddin in hong kong for a check of the markets. what should we be watching out for i

that is just about it for "daybreak asia." has canceled its remarket session. this is bloomberg. ♪ ♪ >> but none in beijing and shanghai. i'm tom mackenzie. david: we are coming down to the open of trade in the chinese mainland. no longer in hong kong. we are getting that announcement. let me take you through our top stories today. canceled trump says he last weekend's phase one review. he blames china's handling of the

that is it for "daybreak asia." in shanghai just ahead on "bloomberg markets: china open." what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. ♪ is 9:00 a.m. in beijing and shanghai. david: we are counting down to the open of trade in the chinese mainland and in hong kong. our top story today, the u.s. and china prepared to review , and beijingeal expands the agenda. it wants to discuss president trump's potential ban on wechat and

that is it from "daybreak asia."we look ahead to the start of trade in hong kong, shanghai, and shenzhen. standby for "bloomberg markets china open." this is bloomberg. ♪ >> is not :00 a.m. in beijing and shanghai. welcome to "bloomberg markets: china open." we are counting down to the open of trade in the chinese mainland and hong kong. our top stories today, china's relations with trading partners and neighbors. beijing detains an australian journalist, sparking tensions with canberra. troops clash

much more to come on daybreak: asia.his is bloomberg. ♪ haidi: let's get back to that news we broke at the top of the hour. virgin australia is planning to cut a third of its workforce as the buyout firm attempts to resurrect and restructure the airline. let's get to the details. knew it was going to be brutal, so were there any surprises? brutalthat is a pretty sort of job cut headline figure. one third of the workforce. virgin planned to cut jobs anyway before they collapsed under the pressure of debt it wasand the struggling to service. 9000 jobs in total, 3000 of them to go. theess that reflects reality of the situation. they are not immune to job cuts. that is a reality check for virgin. the other surprising thing for me was that virgin sees a very long recovery for the aviation market, even in the domestic. the view was that the domestic market in australia was relatively immune to the virus. that is proving not to be the case. the virgin australia managing director saying it might take at least three years for dom

we have plenty more to come on daybreak asia.berg. ♪ they: we continue to watch pandemic as global cases top 25 million. john's house jens -- john hopkins professor spoke with bloomberg about coronavirus infections and the cdc shift in guidance on testing. >> this is a bit of a head scratcher too many in the public health field. we know from data that asymptomatic infected individuals are responsible for a large amount of the virus spread globally. guidelines emphasize testing. the reason we recommend wearing masks is to limit asymptomatic individuals from spreading the virus. so it is still not clear what science is truly driving this recommendation. it seems to be counterintuitive to many public health individuals. we learnedhe things more about is reinfection. there has been a reported case in hong kong we learned more about that. is that the only case? suggestt is, does it reinfection is abnormal? what do we know about the risk of reinfection? >> the hong kong case has been well characterized. it is a very unique case and tha

this is bloomberg. ♪ shery: welcome to daybreak asia. arkets have just opened for trade. extend theset to global rally on expectation of loose monetary policy and expectations of a recovery. hurricane laura gathers strength. more headaches for the new zealand stock exchange. two days of suspected cyberattacks, follows news today that stock prices and index are unavailable. concessions, urges whether u.s. urges transparency and threatens to delist mainland companies. let's get straight to the market action. >> we are seeing divergence at the start of cash trade. trading firmer back 1.06. let's check in on what is happening in south korea. we are still on a watch for the shortselling band decision, an announcement of which may be announced for some exclusion. the kospi gaining, but if imposed, ites are may expand because worst case and a rios have been priced in. trading, they hold is expected along with a cut to the gdp forecast. we have had new zealand stock trading disrupted yet again in a possible repeat of a cyberattack. just opening f

coming up on daybreak asia, the cross fires between days -- beijing and d.c.. hsbc earnings. g. ♪ ♪ ♪ yvonne: lewis -- good evening from bloomberg's global headquarters in new york. haidi: asia's major markets have just opened for trade. our top stories, tiktok faces imminent ban in the u.s. but insists it breaks no local laws. markets -- microsoft is interested in a deal and has discussed the idea with president trump. the 7-eleven owner revives its pursuit of the gas station chain. aey will pay $21 million in deal set to close next year. goldman sachs and bank of america are being shunned because they worked with alibaba's rivals. shery: japan, south korea and australia coming online. let's get to the market action. starting with the open in japan, the first quarter gdp contracted at a slower pace than expected. the nikkei 225 adding nearly 1.2% after a loss that saw the first monthly drop in four. the topics had a drop. it is opening to the upside by 1.1% and the yen marched towards 105, and jgb set to decline ahead of the boj's first bond buying of the month, kept its purc

welcome to "bloomberg daybreak: asia." beijing is steering clear of heading top white house figures. global virus cases topped 20 deaths.with 750,000 who plans to investigate the origins of the pandemic starting at will han. wuhan.rting with and banning the we chat messaging platform in the u.s.. breaking news out of singapore with the final gdp numbers for the second quarter. we are seeing a revision downward of your near contraction of 13.2%. the preliminary estimate was 12.6%. it is bigger than what analysts expected. on an annualized basis when it comes to seasonally adjusted growth rate, quarter on quarter, a contraction of 42.9%. 43%, so we ares in line, but still a contraction and it is a revision downward from the upper limit area numbers. and it comes -- from the preliminary numbers. sectorufacturing tricking .7% year on year. the construction sector plunging 59% year on year. we have a broad set of sectors -- the manufacturing sector shrinking 7% year on year. a vulnerable economy to external shocks dependent on

this is bloomberg. ♪ karina: does is daybreak asia.s welcomed a coronavirus treatment that involves blood plasma from recovered patients, saying it will be expanded to more sufferers after the fda approved the use. and makes it easier for patients to access the product, which the president has promoted even though the full effectiveness has not been proven. retrieved datas from the flight recorders of the downed ukrainian flight. it warns much of the information is unusable. a news agency says there are recordings of the pilots talking for 19 seconds after the first missile strike before the second strike. the russian opposition leader has been flown to germany amid claims he has been poisoned. he collapsed last week and was denied the right to travel for treatment. has been say he attacked for opposing president putin and it may be some time before it is known what happened. a string of kremlin critic's have also fallen nail without exponent -- fallen ill without explanation. a man convicted of the mosque shootings in christchurch wil

this is bloomberg. ♪ ♪ >> welcome to "daybreak: asia."r markets have just opened frederick. -- opened for trade. the s&p 500, rising above february records. the dollar, pulling back. full your revenue coming in from continuing operations, just shy of $43 billion. that was more or less in line with estimates. the u.s.-china relations, down even further. lobbyists in washington are consider a possible ban. to sophietraight kamaruddin in hong kong. changere seeing little to the nikkei 225. we are seeing downside moves for the benchmark heading toward the 1600 level. the best-performing major benchmark in the world for the month of august. the yen, hovering the 106 handle. jgb traders will be watching a 30 year option. turning to south korea, markets reopening after the long weekend , as a country warns of another wave of infections. we are seeing the kospi losing .4% after a nine-day rally. we have the korean won suddenly back above 1185. investors will be watching for details on the short selling ban . is preparing a bill that would only al

this is bloomberg. ♪ ♪ shery: welcome to daybreak: asia. just opened for trade. investors are weighing a fed policy shift. a fourth session. wants $30 billion for its u.s. operations. microsoft will challenge oracle for the buyout. president trump will address the republican national convention later. he will say american cannot -- americans cannot trust joe biden. >> let's get a quick check of markets. the nikkei is opening higher. real estate and to lily's gaining ground. tech has a little bit of pressure weighing on the index. the japanese yen trading at the weakest level in two weeks. we also had inflation numbers. expectations. that is a signal for national prices later this month. the bank of korea slashed gdp outlook. the kospi has been gaining. see gainingto strength and momentum for the korean won since march. broader dull weakness is continuing to play out. up when itat the set comes to trading just starting here in sydney. the market opened just a bit lower. the 10 year yield ticking up a little bit. we are just coming to the end

plenty more to calm on "daybreak asia."his is bloomberg. ♪ haidi: hong kong -- has been released on bail after his arrest monday for alleged breaches of china's national security law. our chief north asia correspondent, stephen engle, joins us with the latest. what happens now? stephen: now, the prosecutor prosecutorial process begins. declining to speak to media. ins after about 36 hours detention where police raided his hong kong headquarters as well as his yacht. it has raised a lot of concerns about the reach of the national security law and about whether it is actually retrospective and about the preservation of press freedoms and other activists also have been let out on bail. agnes chow was out on bail early this morning and, she had to surrender her hong kong passport, told to return to police on september 1. this is going to be an ongoing story, but so far, the main people who were arrested in the latest round of police action under the national security law are at least out on bail right now. shery: we are also he

shery: welcome to daybreak asia. our top stories this hour, asian stocks look set for gains after big tech drove u.s. markets higher. the nasdaq hit a new high on the evening concerns about the recovery. apple and tesla offset the slide for energy and banks. investors also welcome signs the u.s. and china may start talking trade again. beijing says the postponed phase one progress review should happen soon. more signs offers china strengthening rebound. sales jumped by one third last quarter to $22 billion. the company insists it is no threat to u.s. national security. let's take a look at how we are shaping up on this final friday session of the day. let's get over to sophie he was taking a closer look. what are we watching? vibes coming through with futures largely higher. we could see some weakness in korea following the drop that we saw for the kospi. on the docket today we're looking at cpi from japan. nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. pulling up the

plenty more to come on "daybreak: asia."his is bloomberg. ♪ haidi: a quick check of business flash headlines. a top chinese developer has reported close to a profit of 2.7 billion, blaming the fall on covid-19 and promotions that offered discounts. net profit from its main operations is expected to be down 37% from a year ago, while net profit is forecast to have declined more than 45%. india's rc rci bank has raised the by a noninstitutional placement, joining indian lenders boosting funds as the pandemic threatens to push up bad loans. the bank made the offer between august 10 and 14. singapore's sovereign wealth fund gic picked up 11% of the offer. morgan stanley bought 7%. temasek holdings is the fifth-largest shareholder in blackrock after adding a 4% stake worth around $3.5 billion. temasek bought blackrock shares when pnc sold a $14 billion stake earlier this year. the companies have worked together in the past. talks are underway for a joint venture in china. shery: the house of representatives will return from reces

welcome to "daybreak asia." asian markets look to round off a winning week as investors await a stimulus package in washington. wall street ended higher. the dollar pulled back. u.s.-china tensions ratchet up further amid calls for tighter controls on mainland companies listed in new york. tiktok remains a major stumbling block. uber delivers, but not where we might have expected. food shipments top ridehailing for the first time as the decade of unchecked growth hits the brakes. haidi: let's kick it off with a check of the markets. u.s. stocks are surging, pushing higher as hopes of a stimulus to deal in congress will be imminent as president trump says if no-deal is forthcoming, he could take action himself. the are seeing s&p futures looking flat at the moment after the s&p 500 pushed its fifth straight positive session overnight. chicago nikkei futures also pretty flat at the moment ahead of the holidays kicking off next week so as you expect, we are seeing traders shifting their holdings and also assessing

daybreak asia is next. this is bloomberg. ♪ shery:shery: welcome to "daybreak asia."ery ahn in new york. haidi: i am haidi stroud-watts in sydney. our top stories this hour, asian markets facing a quiet start. the s&p 500 within touching distance of an all-time high. oil rose on falling u.s. stockpiles. california has its second most deadly virus and day yet. florida cases

we'll have plenty more on daybreak asia.rg. ♪ shery: democrats will have a star-studded lineup. she will be alongside a number of speakers. see somes now, you can of the most powerful women in the party will be speaking tonight. >> absolutely. clinton, nancyy pelosi and you also have, following on the heels of harris, you have barack obama. it will be quite the lineup. haidi: what are you looking out for in terms of this spectacle? the representation that is being made by individuals speaking on behalf of the party. what is important in terms of taking away? think number one tonight is introducing harris and letting us know who she is. the other thing is how they are going to govern. issues,ook at several from the economy, climate change, trade and foreign policy , how are the democrats going to govern, if they get into office. that is not particularly clear. to see theontinue crisis. even if we get that resolved, how damaging has that issue been on voter confidence? >> i think it has been very damaging. it is fascinating ho

welcome to "daybreak: asia." our top story this hour, the u.s.again with tiktok facing a nationwide ban. microsoft post its interest on hold as mike pompeo says other chinese software is under scrutiny. the coronavirus marches on with the u.s. remaining the focus. the u.k. considers new curves in london.

plenty more to come on daybreak asia. this is bloomberg. ♪ berg. ♪ haidi: good morning.wn to the fall, and theks dollar strengthens. covid-19 is seeing weighing heavily on the economy.

shery: welcome to daybreak asia. our top stories this hour. >> further strain over the most senior to the medic visit to taiwan in decades. washington is sanctioning hong kong officials over beijing's crackdown on free speech. president trump takes action to boost virus relief as u.s. cases top 5 million. charles evan calls for credibly important government stimulus. australia heads into earnings seasons amid the first recession in decades and a virus pandemic that is crippling the economy. it promises to be one of the most challenging periods on record. here is how markets are trading. we are seeing u.s. fewer sugars -- u.s. futures under pressure. we had ask leading u.s.-china tensions fan yelling -- fanning the data. the bloomberg dollar index flat at the moment. this after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. the offshore yuan is flat at the moment. this after the yuan led declines in asian currencies. we have president trump moving to been tiktok and w

shery: welcome to "daybreak: asia." are mixed despite wall street record ralley as the fed policy shift, oil slight at hurricane laura weekend. if u.s.s set for operations, a race for a deal sees walmart joining microsoft to challen

shery: welcome to daybreak asia. this hour. >> further strain over the most senior to the medic visit to taiwan in decades. washington is sanctioning hong kong officials over beijing's crackdown on free speech. president trump takes action to boost virus relief as u.s

plenty more ahead on daybreak asia. this is bloomberg. ♪ hike! takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. haidi: good morning. we are counting down to asia's major market opens. shery: welcome to daybreak asia. our top stories, trade talks on hold. the u.s. and china postpone a review of phase one and have no timeline for a meeting. president trump warns he is looking at other companies, including alibaba. coronavirus

stay tuned for "bloomberg daybreak: asia really a" next. -- "bloomberg daybreak: asia's australia" nextood morning and welcome to "daybreak: australia." we are counting down to asia's major market open. this hour, wall street gains again on optimism that washington will eventually agree to a virus package. are stalling, and president trump says he may take action in the

welcome to "daybreak asia."kets look to round off a winning week as investors await a stimulus package in washington. wall street ended higher. the dollar pulled back. u.s.-china tensions ratchet up further amid calls for tighter controls on mainland

this is bloomberg. ♪ >> you are watching "daybreak: asia."onthly low, while arizona reported no deaths for the second time in a week. french and spanish cases fell, as well as germany scrapping plans to test travelers from high risk regions with stretched capacity, and switzerland is imposing social gathering limits. andwhile, asia reverse plans to reopen plans to reopen bali as virus numbers continue to spread. the airy remains in a red zone. and malaysia is boosting their economy by lifting the debt ceiling, the new limit 60% of gdp from 2023. health officials in hong kong are investigating the reinfection of someone who has recovered from the virus in april. the 33-year-old man was found to have a second infection while passing through the airport while returning from europe. researchers determined he was infected by separate strains of the virus, which may be able to circulate even if someone gains immunity. and a lot down in continue the latest coronavirus outbreak, restrictions set to be eased tomorrow but instead now expected to be lif

welcome to daybreak asia.ries -- gains after you -- futures are higher in hong kong and tokyo. investors welcoming halted of data and potential stimulus news. global virus cases top 18 million although there are signs of a slowdown. rba has -- melbourne is in lockdown. president trump owns -- requires tiktok to shut down in the us all -- unless there is a swift deal with microsoft or another american company. shery: japan, australia coming online. in japan, we are seeing gains for that nikkei 225 adding to the monday events. it is staying above 22,000 points. the yen study around 106 this morning. jb be traders will be focusing on a 10 year option around midday. from japan, inflation data. coolg virus cases could the momentum. turning to south korea, ppi rose in july for the first time since april adding to signs of bottoming for the economy. adding 1% at the start of cash trade and the korean juan holding step -- korean wan holding steady. and on the agenda from south korea, the potential announcement to incr

all of that coming up next on "daybreak: asia." this is bloomberg. ♪ haidi: very good morning. troud-watts in sydney. we are counting down to asia's shery: major market opens. shery:i am shery ahn in new york. asian markets may be less enthusiastic than their peers in the u.s. wall street had a third straight high -- third week high. expectations for loose monetary policy. the group goes

daybreak: australia ." we are counting down to asia's major market open. shery: good evening from new york.aidi: tiktok's clock is ticking, but there could be new obstacles to the sale. any disposal of u.s. assets may require beijing's approval as china clamps down on ai sales abroad. aberace to replace shinzo includes a long serving cabinet secretary. critics say that abe failed to deliver on promises. and one of china's is conglomerates says it is optimistic about recovery. we hear exclusively from them later this hour. arey: let's look how we shaping up in the asian sect -- session. a muted outlook when it comes to asia. sophie: that is to be expected this morning. malaysia and the philippines off-line, those markets closed. s&p addingfutures, 1/10 of 1%. a muted start for asian stocks. havee earnings sprint, we withnames reporting along cooper energy and australia. let's focus on new zealand. efforts being made for trading to resume as normal on monday. we saw them close to record high on friday. operators saying it is working with security partners to implement additional measures. arr

we have much more coming up on daybreak asia. asian markets are looking mixed to lower.♪

. ♪ shery: welcome to "daybreak: asia." haidi: we are counting down to asia's major market open.later detention of an australian journalist. facing a also recession and extended virus lockdown. tesla surge, adding

plenty more on daybreak: asia. this is bloomberg. ♪ haidi: a very good morning. stroud-watts in sydney. we are counting down to asia's major market opens. shery: asia is expected to extend the global rally amid expectation of loose monetary policy and optimism about the recovery. oil markets brace for upheaval gatherscane laura

shery: welcome to "bloomberg daybreak: asia." companies challenging washington.chat users operating in china.

haidi: we have lots more to come on "daybreak asia."bloomberg. ♪ shery: let's get a quick check of the latest business flash headlines. group has filed for a twin ipo in hong kong and shanghai. john -- ant generated more than $10 billion in revenue with just over 3 billion profits. the simultaneous listing could be one of the biggest in years. saudis say it could top aramco's record, $29 billion. apple is said to launch its first online store in india next month, taking advantage of the loosening of strict curbs against foreign direct retail. we are told that digital outlet will be ready ahead of the diwali spending spree. apple planned it last year when -- the project was held up by the coronavirus pandemic. surged in late trade. the software company reported a rise in revenue of 30% for the over $5 billion and boosted earnings predictions for the rest of the year. salesforce will soon be added to the dow jones industrial average. the stock has climbed by more than one third this year. let's get the latest on new zealand. we have heard

daybreak australia. i'm haidi stroud-watts. we are counting on to asia's major market open. shery: good evening.'m shery ahn. haidi: these are your top stories. tech leads u.s. markets higher but a selloff among big banks means the benchmark fails the top the all-time high. the s&p 500 climbed above february's closing record and couldn't save it. bhp analysts expecting a small profit increase as iron ore holds up amid the pandemic. relations go even further. china says attacks on tiktok were bullying and rejection of fair competition. shery: let's get you started with a quick check of how the markets are trading. u.s. futures opening flat after the s&p 500 and other major indices ended the session mixed. we had a rally in technology companies with the nasdaq gaining 1%. selling off sos the s&p 500 was dragged a little lower. still closing at the highest level since february. the third time in the past week that the index topped above its february closing record during the session, but ended below it. still up more than 50% from its march low. we did get more positive eco-data. a gauge of builder

welcome to "daybreak: asia." our top stories. u.s.lete their fastest ever return to a record, topping february highs. the optimism it not travel. futures are flat in tokyo and down in hong kong and sydney. u.s.-china tensions rise further. president trump

welcome to "daybreak asia." joe biden picks his running mate for november.rris challenged him at the democratic primaries and brands herself as a progressive prosecutor. commonwealth bank is a stock to watch as cash profit comes in

we are counting down to asia's major market open. >> welcome to "daybreak asia.". it wants to discuss the potential ban on tiktok when the phase one trade deal comes up for review. cathay pacific will be a stock to watch when hong kong markets open. shares soared is optimism

we have much more ahead over the next hour of daybreak asia as we continue to count down to the startr this final friday session. seeing a little bit of positivity when it comes to trading in the aussie dollar. a51 is where we are ahead of mixed open going into the start of trading. this is bloomberg. ♪ his is bloomberg. ♪ haidi: very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: asian markets faced an uncertain end to the week after wall street pulled back from a record. investors are concerned about the virus relief impact in washington. chinese internet stocks remain in focus, son after the close in new york. i.b. faces advertising

shery: welcome to daybreak asia.es this hour, asian stocks look set for gains after big tech drove u.s. markets higher. the nasdaq hit a new high on the evening concerns about the recovery. apple and tesla offset the slide for energy and banks. investors also welcome signs the u.s. and china may start talking trad

asia. next up, daybreak middle east is next. keep it here with us. have a great weekend.loomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. narrator: the following is a paid advertisement for time life's music collection. >> a♪ i love how your eyes glow whenever you kiss me and when i'm awake a♪ narrator: did you remember your first date? ♪ she wore blue velvet a >> slow dancing, and that very first kiss.

daybreak australia." we are counting down to asia's major market open. shery: and good evening from new york.ts new highs for a third straight day. investors remain optimistic about a vaccine while betting that the fed -- they go for a twin ipo in hong ko s

asia." best of daybreak middle east is next. this is bloomberg. ♪ you doing okay? yeah.r gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. announcer: the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. announcer: this program is a -- do you suffer from pain. joint pain from arthritis? in your arms or legs? toit affecting your ability work, to play, and to get a good night's sleep?

daybreak australia. we are counting you down to asia's major market open.vening from bloomberg world headquarters in new york. i'm shery ahn. haidi: china hits back at u.s. sanctions in hong kong, targeting prominent senators marco rubio and ted cruz. clear of hitting white house figures. global virus cases approaching 20 million with 750,000 deaths.

daybreak australia. we are counting you down to asia's major market open.hery: good evening from bloomberg world headquarters in new york. i'm shery ahn. haidi: china hits back at u.s. sanctions in hong kong, targeting prominent senators marco rubio and ted cruz. clear of hitting white house figures. global virus cases approaching 20 million with 750,000 deaths. a study suggest young people are not as immune as some, including president trump, have claimed. the bank of new zealand faces a tough policy decision this week. balancing a rebounding domestic economy against the increasingly uncertain global picture. shery: happening now, president trump speaking at the white house. he abruptly left, escorted by security. he is back in the briefing room. he says there was a shooting outside the white house and it is now under control and someone was taken to the hospital. pres. trump: he reported he heard shots. he was outside and he heard two shots. we don't know yet. they are going to find out. >> do you know if the individual said something? pres. trump: we don

asia. this is bloomberg. ♪ annmarie: good morning. this is bloomberg daybreak: europe.m annmarie hordern in london with manus cranny into by. traders are watching the yen on speculation that shinzo abe may announce his resignation on friday on health concerns. the country faces a second wave of covid-19 cases larger than the first. doctorsrea has ordered back to work. juliette saly is following the market action in singapore. what are you seeing? juliette: first off, a look at the yen. fx traders are not too perturbed could reports that abe announce his resignation on friday. we heard yesterday from a member of the liberal democratic party, essentially say that abe would serve out the full term. we have one week of implied volatility between the yen and the dollar. this is tracking what will happen at jackson hole. looking at this graph, you can see that no drama is expected from traders. worth noting, though, j.p. morgan says that if you say abe resigns and president trump doesn't win the november election, you could see the yen at 100. let's look at market reaction in

daybreak australia. i'm haidi stroud-watts. we are counting on to asia's major market open. shery: good evening.hn. haidi: these are your top stories. tech leads u.s. markets higher but a selloff among big banks means the benchmark fails the top the all-time high. the s&p 500 climbed above february's closing record and couldn't save it. bhp

daybreak australia. let's go back to sophie kamaruddin for another check of how we are setting up in asia. this tuesday, we could be looking at gains for asian stocks after the overnight advance on wall street which is led higher by tech. for the moment, we are seeing s&p futures little changed as nikkei futures in chicago after the overnight advance. the 106hovering around handle. this as we are seeing the dollar hold gains. little changed after two days advance. check out the aussie hovering back around 71, but under pressure ahead of the rba decision. a dovish tone expected, they expect this will push australian real yields lower with the yield curve to fall by 25 to 50 basis points given that real rates have dropped to the same extent we saw in the u.s., haidi. haidi: we are going to speak with -- stick with australia because the reserve bank is set to keep interest rates at a record low. this is the first rate this vision since victoria was forced to shut down key parts of its economy. tight restrictions were post as well. let's take a look at how the spiraling crisis in victoria coul