>> welcome to daybreak asia. we are counting down to ages major market open. >> bets the fed can ease policy next year, rbnz expected to hold its key rate today even as the economy slows. u.s. shares tumbling most after warning of growth. plus tributes from the man who helped warren buffett build berkshire hathaway, charlie monger is dead at the age of 99. the focus is on the rbnz, there expectations central bank will have to push back pretty strongly against these evermore aggressive expectations by the market that interest rate cuts are coming and i've always said they wanted to remain data-dependent and their are mixed messages coming from the tailwinds and headwinds in that economy. we are watching for that, expectations are for that rate to remain unchanged, but it's all down to that rest conference. a staggered open here in sydney, we will check back in a little bit as we get trading properly underway but we are really watching the continuation of the treasuries rally on that continued fed pivot and we saw

haidi: you are watching daybreak asia.have fled to southern gaza as troops push deeper into the north. the military says it has enacted some pauses to allow civilians to leave and aid to arrive. g7 is calling for more pauses in the conflict. the prime minister of singapore's says a two state solution is the only way to promote peace between israel and palestine. speaking exclusively with bloomberg, he said any other approach risks endless conflict. >> what happen october 7 was not just against international law, but a horrendous terrorist attack on an enormous scale so we fully understand how the israelis feel about it and why they have reacted the way they have. but what has happened since then in gaza as a consequence of is really operations is -- of israeli operations is a tragedy. the death toll is going up every day. women, children, innocent civilians. the destruction is on an enormous scale and everyone around the world looks in despair and says, surely this has to stop. there are rights and wrongs but we must pay a

♪ >> you are watching "daybreak: asia."oming to you live from new york, sydney and hong kon>> we o asia's major market opens. >> australia has just come online. nvidia's earnings fell short of sky high expectations among investors who have piled into the ai boom. binance's ceo hit with fines after pleading guilty to criminal charges, agreeing to step down ahead of his sentencing. plus sam altman set to begin talks with openai's board of investors about returning to the start of heat cofounded -- the startup he cofounded. >> investors are really looking carefully at the nvidia earnings that came out and after hours. -- in after hours. the move that we are seeing is an indication that investors are disappointed even though the numbers were blockbuster results. that's one of the key themes we are watching. we had fed meeting meetings coming through in the session telling us jay powell and his colleagues at the fed will not hesitate to hike rates again if the disinflation trend doesn't continue. stockmarkets, taking it in strid

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>> you are watching "daybreak: asia." coming to you live from new york, sydney and hong kong. >> we are counting down to asia's major market opens. >> australia has just come online. treasuries are extending their november rally. the value options sees dropped demand. oil is slipping a third day with oversupply signaling outweighing hopes that -- the fed plus will deepen that opec-plus will deepen production cuts this week. israel and hamas extend the cease-fire, allowing for the release of more hostages. >> we've got the open divorce stocks here. waiting for the asx 200 to show pricing here. so for looking fairly flat. the investor interest today, very much depend on what happens in the bond space. the moves on treasuries overnight, we are continuing to see that rally and this retreat coming through in yields. in terms of what that means, it has ramifications for currency. bank of america, with a new note out, saying we can expect the dollar to retreat over the course of 2024. but amongst the currencies are going to be t

more to come here on daybreak asia. top geopolitical news we are tracking today. the risk of the u.s. government shutdown has eased things to a temporary funding plan opposed by speaker mike johnson. it leaves out deep spending cuts by ultraconservative republicans. lawmakers will have limited time to work out their differences. the u.s. government has less than one week to go before the current temporary spending bill runs out. u.k. police have arrested dozens of far right counter protesters seeking to disrupt a pro-palestinian march in london. the event coincided with remembrance day in the u.k., marking one year since the end of world war i. it has also put the spotlight on rishi sunak's government after his home secretary called for a pro-palestinian protests to be banned. in spain, protests broke out in major cities against a government plan to grant amnesty to catalan separatists. where than 270,000 people took to the streets across 15 cities. the demonstration called for by the opposition increases the pressure o

shery: more to come on daybreak: asia.berg. ♪ the chase ink business premier card is made for sam who makes, everyday products, designed smarter. genius! like 2.5% cash back on purchases of $5,000 or more, so sam can make smart ideas, a brilliant reality! chase for business. make more of what's yours. >> equities across asia looking mixed despite the rally on wall street. the nikkei led lower by real estate and consumer discretionary stocks as we have the yen strengthening for a fourth session. we are talking about a five-week high against the u.s. dollar. the kospi trading at a two-week high. we have export numbers with the first 20 days data rising more than 2% on year. this is bloomberg. the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home

much more to come on daybreak: asia. bloomberg. ♪ vonnie: let's have a look at where we stand. the u.s. dollar a little bit weaker, the bloomberg dollar index down 1/10 of a percent. the dxy is down by more than that as of traders away the cpi data tomorrow and whether it could show a decrease in the growth of inflation, headline and core. the aussie dollar weakening of that. no change right now and the session but we've seen it go from 65 roughly two about 63 .77 the left few days. keeping a close eye on the yen, earlier it touched 151.91 before dropping down. options expiring today. next, a chief strategy the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. vonnie: this is the picture when it comes to consumer c

vonnie: this is "daybreak: asia." we are counting down to asia's major market opens. some fed speak and also economic data not just out of the u.s. today where we saw better than forecast gdp for the third quarter, but also out of japan and south korea and central bank decisions, too, heidi:. haidi: iesco we are looking ahead to the bank of korea decisions. the focus is on when the easing cycle will start. so much uncertainty. we spoke with the rb and the governor in the previous hour, talking about how new zealand's central bank is word -- worried that inflation will not slow quickly enough. the focus is on central bank policy from here. annabelle: and when we can start to see any sort of cuts. let's look at japan, south korea. the big story when it comes to japan's central bank is when we could see a pause in a normalization in 2024. the latest data that just came out, if it is any supportive factor for why the doj says it needs more signals as to what it can shift its policy tack, it has got it. industrial production for instance, undershooting expectations, actual

still ahead here on bloomberg daybreak asia, more from the barclays asia forum.view with the bank ceo. the co is just minutes away. we will talk to former world bank chief economist carmen right heart about today's bad news conference and treasury refunding announcement. this is bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. 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 ide

>> you are watching "daybreak: asia." coming to you live from new york and hong kong. >> australia has just come online. shery: the top stories this hour -- treasuries gain as fresh u.s. economic data backs the soft landing and peaks rate narrative. asian stocks set for losses while oil slides to july lows. alibaba tumbles as it walks back's off plans for units including its $11 billion cloud business, blaming u.s. restrictions on chip sales to china. plus, president biden tells asia-pacific ceo's that stable china ties benefit the world live at apec in san francisco. israel the eight -- annabelle: the asx 200, coming online, fairly muted. in the bond space, you are seeing a continued retreat coming through and yields telling us perhaps the focus, the perception of investors is really starting to shift away from price pressures, away from inflation and to the effects of the cumulative tightening from central banks and those signals of softness are continuing to feed into the u.s. economy and that tells us perhaps the fed

that's it for "daybreak: asia."iness premier card is made for sam who makes, everyday products, designed smarter. genius! like 2.5% cash back on purchases of $5,000 or more, so sam can make smart ideas, a brilliant reality! chase for business. make more of what's yours. the power goes out and we still have wifi chase for business. to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. >> 9:00 a.m. in beijing, and hong kong. welcome to "bloomberg markets: china open."

plenty more to come on daybreak: asia.his is bloomberg. ♪ vonnie: the eighth addition of the singapore fintech festival begins today. experts from around the world in finance, technology and public policy. haslinda amin is standing by with our first guest. haslinda: the eighth addition, the guest yet. 62,000 participants from 100 34 countries. a lot of interest especially on the back of developments in ai. let's get perspective. chief fintech officer in singapore joins us. good to have you with us. just wondering why the interest? on the back of developments in ai, tensions between the u.s. in china when it comes to tech. >> we call this a breakthrough year of ai. it was in the stream for the last 15 years this just opened up. the foundational constructive software as a definition has changed. things would happen behind the background. that is ai. it changes everything we think about software, technology, perception. everything that will change. china if you look at the last 10 years, china's technology growth has been rem

shery: this is "daybreak: asia." we are counting down to asia's major market opens.f the u.s. holiday, we saw some gains on treasury yields on economic data. haidi: it is a muted cautious open as we get into a holiday thin trading session. you mentioned thanksgiving underway in the u.s., but also japan as well. let's get you into the open. annabelle: it is a pretty quiet sessions we are setting up for. it is looking ahead here to the open that we see the south korea session today, and that direction is going to be perhaps led by that university of michigan survey. it takes a few minutes or a few seconds to start to see live pricing, but we did have that university of michigan survey coming out, importantly telling us that americans over the nearer term, so over the next 12 months, still see inflation running hot, higher than what economists are seeing and higher than what fed officials are seeing in some parts, so that will be something that tells us that rates need to stay higher for longer. a big move coming through the treasury two-year yield. it could really move

more to come on daybreak asia. bloomberg. ♪ shery: rate cuts from the bank of england next year after policy makers cap rates on hold again. andrew bailey has other ideas, saying that it's too early to think about easing with inflation risks still to the upside. >> inflation down to the 2% target. we made a lot of progress this year. i believe we will make more progress in the rest of the year. we still have a long way to go. we think policy is having a restrictive effect at the moment. i'm afraid we will have to maintain this stance for an extended time. >> what's an extended time? a year, six months? how do you make that language work? >> what we described on the report is really, we took two approaches. one is to tighten the market curve, as it was a week ago. that delivers inflation coming back to target on the two-year horizon. we also took a constant rate path, maintaining it throughout the next three years at the current rate. that brings it back a little bit quicker but there's not much between them. the ke

shery: you are watching daybreak: asia coming to you live. annabelle: we are counting down to asia's major market opens and australia has just come online. haidi: and the bloomberg economy form begins here today in singapore. the top stories, asian traders are set to jump on a tailwind from wall street where stocks notched their longest winning streak in two years. bets on effective at sending bond rates sharply lower pretty investors are shrugging off attempt to dial back the dovishness amid stern warnings the inflation fight is not yet over. plus, as the new economy form gets underway, we are joined lot and exquisite we buy the climate alpha ceo and templeton global cio. shery: we started breaking news out of south korea. we are getting the september current account surplus widening to $5.42 billion. also the previous month data has been revised upward speed this is being helped by the goods trade surplus which has widened to $7.419 billion. the previous month's did also revised upwards. we all -- we already saw a bigger drop in imports and

that's it from asante ja -- daybreak: asia.y rally can keep going as our colleague mentioned about this. it's encouraging that we are seeing these unsecured loans being offered. whether these lenders, the banks actually follow through and delivering on that fundraising and lending is another question. whether the rally has gone too far is certainly the big focus here as we wrap up this friday. beautiful morning out of hong kong. 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. dear moms and dads, what you have achieved here today

shery: this is "bloomberg daybreak: asia" counting down to asia-pacific's major market opens.onomic data and big events, fomc minutes later this week, but it is a holiday shortened week with america celebrating thanksgiving. haidi: a little bit of data, rba speak here as well, but it does like we will be comparatively in for a quieter week. certainly the markets at the moment making it slowly to get into the start of trading, and when it comes to fx we are looking at the reverberations of the weaker u.s. dollar. annabelle: absolutely, we have now given up all gains made over the course of 2023 for the greenback, but that's kick off your the open for japan and south korea, it is light on the data docket over the course of this week. fed minutes, that is one of the highlights to tuesday, and also this week in japan and we have got the inflation print due on friday expected to confirm cost push inflation is picking up again. this could be seen as a recent by the boj to stick with more stimulus, not less, but the direction for equities, we are really flat as we come online. nikkei

daybreak asia is next as we get into the start of trading, the morning after the fed we are saying equitythe region advancing following the rally in u.s. stocks and bonds. hopes of the rate hikes from the fed may though overcome what we are saying on export japan, australia, and hong kong all rising. the trading in sydney in a few minutes, this is bloomberg. ♪ so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made u

this is bloomberg. ♪ >> this is "daybreak: asia." eing a risk off day across asia after we saw u.s. stocks falling for the first time in nine sessions. chair powell, pushing back on rate cuts. haidi: a sterner tone from jay powell, that we should not be getting ahead of ourselves in terms of where we are with this rate hike cycle. this is the third and final day of the bloomberg new economy forum here in sydney. we will be talking about the claimant transition coming in the investment, what it looks like in a world of higher inflation and higher rates for longer, is the energy transition at risk here? a lot of great conversations, touching on the keystone topics we will be talking about all week, globalization, re-globalization, ai. first let's get to the market open with belle. >> we've got the start of trading for japan and cash treasuries. it is really about jay powell today and what we heard out of the conference at the imf in washington. the headline coming through is jay powell will not hesitate to tighten further, if needed. th

more to come on "daybreak asia."loomberg. ♪ haidi: we will be hearing shortly from president biden to get his take on the outcomes of his high level meeting with chinese president xi jinping. we were managing expectations going into this and the rhetoric was this meeting is far better than no meeting. we can only see an improvement, hopefully, from these relations which are at 40-year lows. there are updates on joint missions on counter narcotics, trying to crack down on the fentanyl trade, which is a key election issue for president biden. potentially working toward restoration of high-level military communications, which has suffered as the relationship deteriorated, since nancy pelosi's visit to taiwan. when it comes to these thorny issues like taiwan, we were not expecting much progress but there was the announcement that no invasion was being considered by china at the moment. shery: a concrete reassurance coming from president xi jinping , according to a senior u.s. official. there are no plans for an invasion

daybreak asia is next.us will be those jobs numbers but also watching the broader tech stocks here in asia. that deceleration in china hitting apple sales. this is bloomberg. ♪ as a top-ten real estate manager, we harness the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced team and vast network uncover compelling opportunities giving our clients an exclusive advantage. principal asset management. actively invested. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. all on the most reliable 5g network nationwide. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com. the power goes out and we still have wifi to do our homework. and that's a good thing?

vonnie: you are watching daybreak asia coming to you live from new york, singapore, and hong kong. annabelle: we counting down to asia's major market open. haidi: australia has come online, the top stories this hour, asian shares are set for a positive start after wall street's best week of the year, investors are convinced that interest rates are near the peak. one billion-dollar buyback with mortgage strength lifting the four your profit and warren buffett's cash pile hits a record amid a lack of deals much of it parked in short-term treasuries. annabelle: we are waiting for more live pricing but at the outset of the day it is that focus and the reaction to the payroll stated that came through on friday. the number is softer than expected, telling us that the end of the fed tightening could mean year, we are seeing the retreat in yields. all the stocks are nearly flat so far by futures have been indicating to gain wife with a session and this is a little bit higher, close to the 7000 mark. rather want to watch as we get through the session here, the aussie dollar is fairly flat.

daybreak australia. annabelle: we are coming down to asia's market open. >> i'm vonnie quinn.he lighthouse says restoring military communications between the u.s. and china is a priority and at the meeting between joe biden and xi jinping. haidi: key data across the region. bloomberg economic says they may finally pull the trigger on a rate cut. vonnie: disruptions at four of australia's sports could continue for dates after a cyber attack leaves containers ahead of the holidays. annabelle: we are coming down to the opens for australia and tokyo trading but we are looking mixed when you take an eye to the future space. you've got aussie futures looking higher, kiwi stocks in negative territory. what will drive that is the u.s. close on friday because besides strong move higher for u.s. stocks closing above a key 4400 mark. a big rally coming through in tech stocks in particular. the fx space where we are feeling muted, we are feeling muted, we're continuing to watch the yen because we are close to the euro today low against the greenback read broadly as well not expecting any

welcome to daybreak australia counting down to asia's major market opens. haidi: i'm haidi stroud-watts in sydney. israel and hamas signal a temporary cease-fire in gaza could extend beyond mother's day --monday allowing the release of more hostages and prisoners. china launches an investigation into zhongzhi days after a short u.k. prime minister rishi sunak speaks to bloomberg about his economic plans among strict proram.y of his taxcutting our top story. momentum building to extend the truce between israel and hamas beyond four days. president biden back to the prolonged cause for to allow for the delivery of more aid and the recovery of more hostages. let's get more from our white house reporter. give us an update on how the temporary cease-fire has gone so far and what we have seen in terms of the release of hostages and exchange of individuals. gregory: white house officials have been very cautious about getting their hopes up too much about the prospects for the cease-fire and the resulting release of hostages. but they are breathing a little sigh of

asia. daybreak middle east and africa is next. keep it here with us.ulmonary embolism happened. but because i have 23andme, i was aware of that gene. that saved my life. >> this is bloomberg daybreak middle east and africa.

daybreak: australia." we are counting down to asia's major market opens. >> the top stories this hour -- a push to reinstate sam altman hits an impasse. the high-stakes negotiations. haidi: blackstone becomes a front runner to win $17 billion from signature bank. shery: plus, talks of alliance stumble ahead of january's taiwanese elections. haidi: first, sam altman and open in i. we are told negotiations are underway but have hit a snag. it has been high drama over the weekend and now we are hearing this big push to see altman return to his role. is it looking likely? annabelle: it has been quite a roller coaster just in the last 72 hours or so, especially -- essentially a coup of sorts, a backlash in possible return. we understand sam altman himself is keen to be reinstated as ceo but it depends on dynamics and a lot of that comes down to the board. essentially the ousting on friday of sam altman seems to have taken a lot of people by surprise, including altman himself. key investors, like microsoft, only notified a few minutes before it went out. since it has happened, a lot of negotiations. that's what w

daybreak australia. i'm haidi stroud-watts in sydney. >> we are counting down to asia's major market opens. asian stocks set for a positive open coming off the u.s. thanksgiving holiday. brent crude dipping below $81 on discord with opec-plus. haidi: china is set to consider unsecured short-term loans for some distressed developers to end the property crisis. yvonne: as black friday kicks off the holiday shopping season, we will get the consumer outlook from australia's retailers association ceo. haidi: we do have some anticipated news out of new zealand, not surprising. we have new zealand's government forming as three parties have entered that coalition. in terms of the details we are hearing from the new zealand prime minister, he will be deputy pm for the first half of the term and we have devon seymour appointed to be deputy pm for the second half of the term. speaking about the publicity measures the foreign homebuyer tax, will no longer proceed. winston peters will be minister for foreign affairs. act party and new zealand first get three cabinet seats. seymour has been named ministe

daybreak: europe." risk assets rolling around the world as traders met -- bet that the federal reserve may be done hiking rates. stocks in asia following wall street's lead. china's president xi arrives in the u.s. for high-stakes talks with resident biden. over in the middle east, is really forces are reported to have entered gaza shifa hospital compound after they say that hamas is using it as a base. right to the earnings picture as we digest the geopolitics. siemens energy coming out with numbers saying their net income up to one billion euros in fiscal 2024, returning to profitability and a lot of that thanks to the government intervention. i want to get the headlines through. it seems it is 18% from siemens india for 2.1 billion euros. you are also seeing optimism around the grid in tech, their growth for 2026 that will be crucial as well. this is really crucial they are returning to the net profitability. 31.1 billion euros, in line with the numbers, orders coming in at 50.5 billion euros, so again seeing a marginal jump in that order. the loss for the full year before that was 2.9 billion and the estimated loss was 2.

daybreak europe. jay powell reiterates that the fed will not hesitate to hike if needed. stocks in asia and around the world fall. clients of icbc are forced to reroute transactions after a cyberattack hits its american unit. more on that throughout the show. u.k. data due out this morning. britain might already be in a recession. we will get a quick check on the markets here because we are getting earnings coming out very quickly, starting off with allianz. their operating profit is where the attention lies here. the estimate was 30's billion. better than expected. it's all about margins when its biggest holding has a lot of exposure to the bond market. bond market volatility could feed into the bottom line. the revenue is a combined 36.5 billion euros. the estimate on the revenue getting beat on the front as well. it's the operating profit that we care about. that is be -- that will be something we will revisit in 30 minutes or so. we will speak to the cfo about the results. we are going to ask him about the buybacks, sustainability of these profits as well as duration risk around pim