more on daybreak asia.when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh >> what is critical is these two countries have to figure out how to communicate together we are hoping we can -- we're not in the business of politics, we are in the business of running hotel casinos. we are hoping to see a better communication and better dialogue. >> that was rob goldstein speaking to bloomberg during the reopening of the london and macau resort. you might have recognized david beckham as their as well. they are celibate in grand reopening that had been stymied by the pandemic. recovery in the world's biggest gambling hub continues to gain steam. the spring at stephen engle was with our next guest. >> yes course, last night was las vegas and sands china's biggest night. this was an underperforming big casino until about 2021 went it stuffed up in happened and then it really renovated through the pandemic. i've been telling you, the

or to come here on daybreak: asia.s is bloomberg. ♪ but by the third or fourth cup, your stomach might not feel so good. if that sounds like you replace your afternoon cup with 5-hour energy. it's perfect for when you're feeling coffeed-out. coffee in the morning... 5-hour energy after. your stomach will thank you. discover 5-hour energy. ♪♪ time for japan ahead now on daybreak asia. some of the stories we are watching. this comes on the back of their trilateral meeting. beginning machine orders in just a few minutes time. activism investors are post to make record amounts for shareholders. for more, let's bring in the senior agent stop reported here. why hedge fund activists and funds? " reform has been talked about here for a while here. people may wonder why it is being talked about here now. new thing is the tokyo stock exchange plan. people have been talking about more diversity, etc.. this time, they came up with a specific idea. that gives investors very strong support. that is what they have been calling for fo

much more to come here on ""bloomberg daybreak: asia." -- here on "bloomberg daybreak: asia." ♪ thismberg. ♪ 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 what if we live to 100. i don't want to outlive our money. i keep eating all these chia seeds. i could live to be 100. we work with empower, even if we do live to 100 we don't have to worry. eh, not worried. take control of your financial future to empower what's next. >> the indian prime minister, receiving a salute as well as that welcome at admiralty house. we are seeing that live here in sydney. this comes after thousands of expatriate indians from sydney welcoming the indian prime minister at the biggest entertainment and sporting arena yesterday. there are performances and start writing and celebratory elements to welcome the -- sky writing and celebratory elements to welcome the indi

shery: you are watching daybreak: asia. haidi:'s where counting down to asia's major market open -- we are counting down to asia's major market open. president biden is hopeful for a deal. fed officials diverge on when to pause with two fed hawks pushing for additional rate hikes. japanese stocks opposed -- close to tying the closest win streak in four years. that is get a quick look at some of the data crossing the bloomberg when it comes to australia, we do have the judo make australia pmi numbers and the flash pmi's are unchanged at it comes to manufacturing at 48. i will suggest some expansion. the number when it comes to the composite pmi coming in at 51.2 come weakening from 53 in the previous month. the services number is also seeing it weakening at 51.8 across the board. shery: we are getting the oppressor from kevin, let us listen in -- presser from kevin mccarthy, let us listen in. >> let us be clear, when you talk about raising revenue, if you look at the 50 year average of america how much money have we brought

this is bloomberg. ♪ >> this is daybreak: asia. down to major market opens as they become more skeptical of a federal reserve pause next month. >> huge implications when it comes to emerging markets and asian markets. you can watch the outcomes in turkey. president erdogan says it is not clear if we will see that runabout despite earlier suggestions that would be the case also, watching those results in thailand as well. >> a lot more clear outcome in the thai elections. they're also keeping an eye on cash treasuries here. investors are weighing out the signs of any progress we are seeing in the debt talks in the u.s.. the department could run out of money as soon june 1. the u.s. dollar has been a little bit lower in early trading. broadly, investors in asia have a lot to pass through including the results of these elections in turkey and thailand and looking ahead to what china does with this today. in terms of japan, the focus is on ernest today because we have the country's top three banks reporting later. also driven by a pick

shery: this is daybreak asia. we are counting down to asia's major market opens.ed on wall street. we have the continued hype over anything ai related but at the same time and energy companies leading declines given oil fell below the $70 a barrel level. we are waiting for new progress on the debt deal in washington. paul: we had the ai enthusiasm propelling a rally in the asia-pacific markets on tuesday. we will see if that rolls into wednesday. what are we watching? annabelle: we are looking ahead to a weaker start to the trading day in asia. unsurprising given we did not have much of a lead in from the wall street session but the opens from japan, south korea and destroy our up on us, also the start of trading for cash treasuries. a lot of central banks in japan, the governor delivering remarks in tokyo, the first address he has given in english since taking over the mantle. also hearing from the former imf chief economist at that event as well. this as we watch those moves in the japanese yen, trading close to the 140 level for the currency against the greenba

we have more to come on daybreak asia.e is a quick check of the latest business flash headlines. alibaba is live online shopping unit is considering a u.s. listing. sources tell bloomberg the plan is early and the ipo size has yet to be determined. the unit includes aliexpress at other companies and has been evaluated at $40 billion, as one of the six groups that alibaba is putting into as part of a historic rebound. margin pressure offset a move to pull back a larger chunk of the mortgage market in australia. cash profit came in at $2.56 billion, which was in line with estimates. the ceo's warning of a more difficult second half for agency bank, and told us that the bank sees opportunities in retail mortgages. >> are fixed rate rollovers happened much earlier than the rest of the market, so we are to the worst of it. those customers are behaving better in terms of their credit quality, and they have moved on. with our competitors having to do -- deal with it, that is an opportunity for us. >> hong kong retailer is attempt

home of the 10g network. >> this is daybreak asia. n to asia's major -- major market opens. u.s. stock futures are up. nikkei futures are moving faster, not only the debt ceiling optimism, ideal is in place, some kind words or positive words from goldman on some japanese stocks. >> we are anticipating a pretty kind day overall for it. for these markets here in australia. the markets are already pretty odd despite what is going on. course the question is how long is the relief rally going to be lasting? we will have to focus on two halves of liquidities agrees. the open for japan and australia today, no trading for cash treasuries given the u.s. and the ok has shut today for public holiday. the focus is it really comes down to negotiating -- negotiators giving a tentative deal. there could be optimism a little bit tempered by janet yellen's warning that cats will run out by june of 2005. it really is that relief rally. they are already trading 1.6% to the upside. we have been seeing u.s. futures. you can see they are pushing higher, get

xfinity rewards creates experiences big and small, and once-in-a-lifetime. >> this is daybreak asia weg down to asia's major market opens after fitch places the u.s. on grading watch negative, that aaa rating could be cut. fitch saying that the default probability here of the u.s. government is very low but at the same time the repeated debt limit been shipped in washington is adding to downside risks to the rating. we did not really see much progress being made this week when it comes to an agreement. on top of that officials remain divided on pausing next month. >> some division amongst policymakers there and you can add to that the other big news, that was a blowout forecast coming through from nvidia. plus the breaking news well from singapore. cracks that's right we have gdp numbers out of singapore at the moment, we are seeing gdp year on year that first quarter final reading seeing a gain of zero point 4%. better than expectations of 0.2% , accelerating from the previous reading of 0.1. seasonally adjusted the quarter on quarter reading for the first quarter final gdp read is a

shery: this is "daybreak asia" we are counting down to the asia's major market open.n the southern debt market given treasury yields were under pressure. potential fed rate cuts to come this year on the u.s. cpi print. haidi: we get uncertainty of investors in china and more central-bank action to come with the bank of england. there are bets there that this could be the last hike before we get a time of pausing. what are we watching when it comes to the market open? annabelle: there's really a lot for investors to be considering at the start of today's trading. we have the opens of japan, south korea and show you apart us. trading for cash treasuries. watching the front end of the curve because we see the drop in the two-year yield with bond traders really leaning into the expectation that the fed is going to go on pause as soon month. in terms of the direction we do see that unchanged, but also eyeing closely what we see in japan at the start of trade, given that earnings season is underway but also just had the summary of opinions from the boj meeting in april and

more to come in daybreak asia.. ♪ >> the defaulted china's developers are facing a reckoning. some are facing is the relation. what are you washing when it comes to the story and how we have been seeing a lot of progress in the right direction? request last week we had the third chinese developer to be ordered this petition in hong kong. the first time when the company involved actually fought back. they first unveiled a debt restructuring exchange offer back in august and now they have scrapped that deal two weeks ago and last year, a judge in hong kong said there has not been enough to stop this wanting a process which could ultimately result in liquidation. >> who is next? who is the next test case? what does it mean for other upcoming developers? >> the latest hearing for two offer units of another chinese developer called loading group have its latest hearings now. it has not issued a formal debt restructuring proposal. there have been talks last week of progress made. some offers made to certain creditors so

want to come on daybreak asia this is bloomberg. -- more to come one day brooke asia.ounter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com shery: foreign investors were net buyers of japanese equities for a seventh straight week helping to fuel one of the best rallies of 2023. since mid-march the nikkei 225 and the topics have rarely registered a losing week with technical signals now also flashing signs of overheating. for more let's bring in our senior asian stock reporter. how much is is this sustainable of foreign inflows and how much is this just a fad? >> that is a very tough question. some analysts think we might be starting to see one of the biggest waves of foreign investment in japan in recent years. as we have just said, we have seen six straight weeks of net buying by foreign investors. the biggest catalysts for this is the news in april that mr. warren buffett increased his investment in japanese trading houses. and he mentioned geopolitical -- geopolitics as one of the reasons for

shery: you are watching "bloomberg daybreak asia". we are counting down to asia's major market opens. heidi: investors flock to bonds and haven assets as u.s. data suggests a cooling economy. jamie dimon tells bloomberg he thinks that they are likely to overreact in their response to the bank turmoil. the g7 meetings, we will be speaking with the oec secretary gentlemen -- -- the central bank, the key rate 7.75%. this as the rate is the highest since 2002. a tight monetary conditions de seller terry -- lower inflation expectations support the hold. not a cut as of yet, that core inflation remains elevated but the central bank is contending with political uncertainty as well. inflation fell below 8% in april, central bank is holding rates steady at 7.75%. take a look at how u.s. futures are trading. a little bit of upside after a mixed finish on wall street. s&p 500 falling, and pac west seeing its worst performance among lenders. deposits falling. it was really all about eco-data. the jobless claims reaching the highest since 2021, pr

much more to come here on daybreak asia. 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 >> take a look at how we are tracking this tuesday session, just hours ahead of the delivery of the australian budget, expecting that return to surplus for the first time since 2008. we are seeing a mixed picture up there, japanese stocks up by half a percent and we are half an hour into the start of cash trading, the kospi down by almost .3%. further pressure as receipt oil pressure in the asian trading session. stock split commuted with the downside of over half a percent, watching a lot of these real estate consumer discretionary and commodity when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the str

daybreak asia is next.loomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. >> welcome to "bloomberg daybreak asia," we are cutting down to the major

that is it from daybreak asia.to the start of trade in hong kong shanghai and shenzhen. ♪ d. plus, free home delivery when you add an adjustable base. only at sleep number. was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com 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 fabulous surroundings... but everyone's looking at their phones financial insights fabulfrom merrill.ngs... is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups an

shery: you are watching "bloomberg daybreak asia".

. -- daybreak asia is coming up next. keep it right here.oomberg. ♪ when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network. >> you're watching daybreak asia coming to you live from new york.

this is bloomberg. ♪ ♪ >> you are watching daybreak asia live from sydney and hong kong. >> we're counting

haidi: much more to come here on "daybreak: asia."is bloomberg. ♪ conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. 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 haidi: g7 finance ministers and central bank governors proposed a plan focusing on clean energy that will be open to other nations, building on high-level guidance issued back in april. in terms of what we heard at this meeting, didn't manage to turn the policy guidance which was very high-level into a blueprint for tangible action? >> if you consider a new acronym , turning april policy guidance

this is bloomberg. ♪ annabelle: this is daybreak asia.n markets 30 minutes out from the opens in japan, korea and australia. so far we are looking for a mixed open. a lot of markets are coming back online following a public holiday on monday or tuesday rather. the watching bond yields in the front end of the curve in particular, given the moves in treasuries, a few different reasons being cited, one is heavy corporate issuance. seeing yields rising. in terms of what else we are watching, a lot of that coming down to what we can expect out of china. we see futures pointing to a weaker start. if you change over now, what is driving that is expectations or the reaction to will be get from the labor day holiday figures. you can see it sales growth across the board. really the first chance that a lot of people in china are having to take trips and travel for the first time since the pandemic. really strong numbers, but the debate amongst investors is whether these gains can be sustained. wage growth is weak in the country and unemployment is h

plenty more to come on daybreak asia.is bloomberg. ♪ ♪ yvonne: a quick check of the business flash headlines, nvidia unveiled a batch of new services and products as they move to the center of the ai boom. ceo jensen has taken a new networking system and ai super platform. they say this helps companies create successors to chatgpt, microsoft meta and google are expected to be amongst the first users. >> 15,000 start up in the world. -- built upon nvidia today and 40,000 large companies and enterprises around the world are using accelerated computing. we have reached the tipping point of a new computing era. yvonne: softbank group will redeem $2 billion of perpetual dollar bonds for fulfilling a pledge to buy back the notes early but they say the bonds will be redeemed at their first call date on july 19 easing investor concerns that notes will be left outstanding. there under pressure as losses mount for their vision find an answer s&p -- after s&p cut their credit rating. mazzulla is shortening be majority of holdings. t

that's it from "daybreak asia."ahead to the start of trade in hong kong, shanghai and shenzhen. this is bloomberg. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ ♪

we have much more to come on daybreak asia.>> take a look our setting up for the asian market open, we have wall street falling today, a bit of a mixed signal coming in fed officials. we heard from rafael bostic saying that he's still a ways to go from defeating inflation, saying the impact of the fed's rate hikes are still to come. we will be watching. in the japan open, whether topix index can actually maintain that 1990 hi and we've been watching snp futures gaining a 10th of 1%. market opens in sydney, seoul and tokyo are next. this is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) sh

shery: this is "bloomberg daybreak: asia."ntinuing to market opens in australia and korea. for the day, we had another small rate hike basis points and potential pause signals but not necessarily signals for a pivot coming anytime soon. haidi: it remains to be seen, it does the extent of the banking stresses muddy the waters when it comes to the outlook for the fed and the broader economy? we are also awaiting ecb and boe into the market open. annabelle: a lot of central-bank action over these couple of days, that we have the opens of korea and australia, japan still shut for a public holiday, so no trading either for cash treasuries. a couple of stories focusing on today, the market reaction to the fed coming through, 25 basis point hike and possibly a pause, but jay powell during cold water on expectations of a cut anytime soon, so that has dampened the enthusiasm for equity traders. so waiting to see live pricing for korea, recapping headlines of that cross after a meeting between finance minister and bok. essentially sayin

that is it for "daybreak australia", daybreak asia is next.loomberg. ♪ the first time your sales reached 100k with godaddy was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com ♪ (upbeat music) ♪ ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. ♪

daybreak: asia is next. ♪

>> welcome to "bloomberg daybreak asia," we are cutting down to the major -- major market open. >> u.s. equities climb on the hopes of a big -- right through. -- breakthrough, negotiators can reach a deal. >> we are covered we will get an agreement with the budget to move forward. >> biden has two japan as a standoff in washington continues, his -- g7 allies open to confront beijing. tencent earnings missing estimates even as opposed faster revenue growth than most than a year. >> we are hearing that the prime minister might be having a big announcement when it comes to chip funding. micronic specter to land $1.5 billion in financial incentives from the japanese government to help it make next-generation memory chips inside the country. this is just the latest step in japan's efforts to bolster domestic semiconductor production. it will be used to -- in his facility from hiroshima to make dram chips according to people speaking to bloomberg in this announcement could come on thursday when prime minister kishida meets with a delegation of executives that includes the micron studio -- ce

that is it for "daybreak australia", daybreak asia is next.onfusion when it comes to fed speak, so watching out for any trading impact when it comes to the u.s. and taiwan agreeing on a trade initiative. also watching a lot of the asian tech names, including china tech after the big moves in the golden dragon index. a mixed open ahead. this is bloomberg. ♪ emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. when i was his age, we had to be inside to watch live sports. sustainable performance. but with xfinity, we get the fastest mobile service and can stream down the street or around the block! hey, can you be less sister, more car? all right, let's get this over with. switch to xfinity mobile and get the best price for 2 lines of unlimited. just $30 a line per month. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g network.

"daybreak: asia" is up next.berg. ♪ fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh ♪ shery:

daybreak australia. annabelle: we are counting down to asia's major market opens.ry: the top stories this hour, treasury secretary janet yellen reiterates that the u.s. could run out of cash as soon as you first. she warns the country is already paying a price for his failure to raise the debt limit. >> investors -- u.s. stocks stock. haidi: two fed officials in favor of pausing rate hikes, the other says a battle to subdue inflation is not over. the asian session muted after we saw the s&p 500 falling after rising in a tight range in today's session. concerns about where the debt ceiling negotiations will go tuesday between president biden and congressional leaders. not to mention, we have data showing more economic weakness and that really pressured stock markets. new york manufacturing falling by the most since 2020. despite also the dovish tone in fed speak we got today, we had treasury yields rallying with a 10 year yield above 350. we are watching what is going to happen with the fed rate pass, especially come the dude meeting. meantime, oil prices extending

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daybreak asia is next. stay with us, this is bloomberg. ♪ hhh business license guidance?cross-border sales? -ahhhhhh ♪

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bloomberg daybreak: asia is next. this is bloomberg.nline the plan is for vona tens of thousands $20,000 zero euros folks could help you know most cars on also deal between burkat 's

♪ shery: you're watching "daybreak asia" from new york, sydney and hong kong.nnabelle: counting down to market opens. haidi: asian stocks are said open lower after fresh anxiety over financial instability. the fed expected to deliver a 25 basis point increase and signal up cause. carl icahn's fortune tumbles after he was targeted by hindenburg research. gabriel yorio gives his outlook for the money and the peso. we have breaking news in terms of a gauge of how the australian economy is going. services numbers coming through the final april reading for the composite number, 50 re-, than the previous number. the services component, final reading 3.7, higher than the reading. this will be out later on. we had a surprise rate hike from australian central bank yesterday. the ipa can't too long to bring inflation down. the unexpected presumption of tightening taking markets by surprise are seeing ricocheting effect of that. >> a lot of debate about whether this could force the fed and its meeting on wednesday or whether the rba is in cash and in ceeo syncretic -- and

our daybreak asia coanchor, haidi stroud-watts is with a guest, one of australia's top lithium producersit has. so much of it has been to the china story. i want to get a bit into that with my next guest. tony ottaviano from liontown resources. great to have you, so much interest in lithium and your company. we may get to that in a moment. when it comes to the broader price environment, what is your outlook as to when it may stabilize? is china the biggest catalyst story? >> thanks for having me on your show today. i do believe that there is a slight turning point in the market as we are seeing it. there has been a definite price correction that's been happening over the last few months. i think there is a bit of support, at a $30,000 price. we're starting to see positive outlooks on the futures. there is a lot of producers that are predicting a stronger second half of this year. we auto subscribe to that as well. i'm very confident that we are seeing a bit of change in the short-term. but the long-term is still strong. haidi: what is the bigger factor when it comes to china? the broader

asia. daybreak middle east is next. do keep it here with us. this is bloomberg. ♪ go production.lps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. guests check in, then check out their phones - for financial insights from merrill. this gentleman? he's learning how carbon-neutral investments could energize his portfolio. and with advice from their merrill advisor, they've decided that the future is women-led startups. she's got a million followers, but she's following trends in next-gen tech. personalized advice so impressive, your money never stops working for you, with merrill. a bank of america company. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates, s a paidmployees. presentation furnished by rare collectibles tv, llc.

daybreak australia. annabelle: counting down to asia's major market opens. shery: the top stories this hour. a u.s. debt deal remains elusive as talks in on, officials signal talks remain at an impasse, with no new meetings planned. u.s. stocks fall and bonds fluctuate as investors wait the risk of a default. republicans challenged the treasuries june 1 exudate. it could be signaling further tightening to come, the kiwi dollar volatility surging ahead of the decision. u.s. futures muted early in the asian session, after we saw u.s. stocks pressured. had the volatility about progress in debt talks. there was a lot more pessimism than yesterday. just coming off of those comments, from president biden, from house speaker carthy, that they would try to speak every single day. we have not seen meetings schedule, that is sending investors anxiety through the roof. we have solid economic data, new-home sales are the highest in more than a year. business activity growing by the most in over a year. treasury markets were mixed. despite the fact we had uncertainty over the debt ceiling, we did see oil prices

daybreak us earlier. annabelle: we are counting down to asia's major market opens. shery: the top stories this hour -- u.s. cpi data set to give clues on the fed's next move -- fresh fears over a credit crunch spring bond traders to bet on the biggest policy shift in almost four decades. haidi: show you may be set to record its first budget surplus in 15 years. shery: the leaders of japan and south korea strike a tone of unity in a rare summit, there first and about 12 years. u.s. futures at the opening of the asian session not doing much, fluctuating between gains and losses after that rally in risk assets we saw on friday and rebounding from the route and regional lenders in the u.s., not to mention a solid jobs data report really calming investor fears a recession is just around the corner. we were watching the tech space as we had apple earnings boosting the sector and we were watching treasuries falling across the board. the 10 year yield rebounding along with the two year yield, this given the strong jobs numbers, perhaps the fed will stay higher for longer an

daybreak: australia." >> we are content down to asia's major market opens. >> i'm shery ahn. the top stories this hour -- u.s. inflation shows signs of cluing, giving the fed room to's pause, but washington's -- to pause, but washington's debt ceiling impasse is still a problem for traders. >> emerging-market debt and financial stability. >> and disney with a smaller than expected loss on its streaming tv business while subscribers missed estimates. international theme parks, returning to profitability. the asian session had a lot of volatility in the regular session. the s&p finishing with modest gains. the nasdaq 100 managed to finish at the highest level since august. yields were down. tech stocks rallied. the 10 year yield at around the 344 level. the two-year yield falling before the 4% level -- below the 4% level. the inflation number, growing less than 5% year on year for the first time in two years. we are seeing oil gaining ground in the asian session after falling in the new york session. we had data showing a buildup in u.s. stockpiles. after hours, we are followin

daybreak australia. annabelle: we are counting down to asia's major market open. shery: the top stories this hour. the deadlock over the u.s. debt ceiling drags on in washington. kevin mccarthy saying no progress is made in his meeting with president biden. haidi: the debt ceiling impasse dragging investor sentiment. shery: australia's budget returns to surplus for the first time since the global financial crisis. we speak to the finance minister live this hour. u.s. futures under a little bit of pressure early in the session after we had u.s. equities slumping in the newer trading session. we were talking about the debt ceiling and the impasse bringing anxiety to the markets. also ahead of cpi day. investors are on the sidelines ahead of the big day that could lead to a lot of volatility. the likes of goldman sachs, j.p. morgan expecting cooling inflation leading to a u.s. stock rally but we have no expectations of what the numbers could look like. the idea is that the headline cpi will raise 5% year on year. it's something investors are watching closely on how that affects the rate hike path. tr

daybreak: europe". i'm dani burger in london, these are the stories that set your agenda. cpi anxiety, asia stocks truck wall street lower before today's u.s. inflation report. data that will feed into the fed's thinking on rates. there is little progress between president biden and congressional republicans after talks but they pledged to continue discussions to avert a u.s. people. sources say elite signaled it will quit china -- italy signaled it will quit china's belt and road pact.agricole saw strong results in their investment bank. they changed accounting measures, so the comparables aren't great. banking civ revenue coming in at 2 billion euros, a gain of 19% year-over-year. a record performance for the investment bank for credit agricole. at the same time, there revenue coming in at a gain of 6.1 billion euros, that's a strong figure as well. we're looking at operating expenses, those did grow. by about 2%, 3.8 billion euros. the take away a strong investment bank, a recovery from primary credit markets and demand for hedging products, too. it is not just credit agricole, abn amro

asia. we have daybreak middle east coming up next. ♪ >> the following is a paid program.ed do not reflect those of bloomberg lp, its affiliates, or >> the following is a paid

daybreak australia. i am haidi stroud-watts in sydney. >> we are counting down to asia's major market opens. >> good evening. i am shery ahn. the top stories this hour. u.s. stocks ending mixed as markets way what it would take to reverse the veteran path as they show signs of a moving creditors. quest we will speak. for moree global economic challenges ahead of g7 meetings in japan. take a look at how u.s. futures are coming online. we have the s&p 500 really staying slightly above water. we are announcing u.s. futures under a little bit of pressure. breaking news at the moment. california's financial regulator now saying they wanted to more closely scrutinize banks with $50 billion in assets and increased staffing, overseeing those big banks. we did see pac west in today's session jumping up double digits. really extending those gains after hours. this after i said the business remains sound but they said they plan to overhaul this process for escalating parents. regulators will work more closely with the federal counterparts. their plan to focus more on the level of banks and also examine the risks impos

daybreak: europe. i am dani burger in london. china bans micron semiconductors, escalating the tech clash with washington. asias rise after biden says ties with beijing are set to improve president biden and house speaker mccarthy do to discuss the debt ceiling in washington today as talks to avert u.s. default resume. plus, fed officials, including chair powell signal opossum hiking cycle might be appropriate next month while christine lagarde says the ecb fight to tackle inflation is and over. when it comes to the china story, kit was walking us through how important the u.s. narrative is there. the end of the u.s. rate hiking cycle is driving the yuan, and chinese stocks and weaker data. the fuel for a rally has been biden saying relations between the countries are going to improve from here. china tech stocks up one another percent. s&p seeks -- sinks lower. michael hartnett says his clients are board of the bears. what you do when you're bored? perhaps you just by ai stocks, which they say is in a bubble. when it comes to other asset classes, a move in the belly, neel kashkari speaking to wall street jour

better in terms of asia, seeing a rebound in hong kong, dollar on the back foot of the korean yuan. rishaad: hang seng 1% up, daybreakmm, your morning coffee hot delicious comforting. but by the third or fourth cup, your stomach might not feel so good. if that sounds like you replace your afternoon cup with 5-hour energy. it's perfect for when you're feeling coffeed-out. coffee in the morning... 5-hour energy after. your stomach will thank you. discover 5-hour energy. ♪♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates or its employees. >> the following is a paid presentaur