plenty more to come here on daybreak: asia -- "daybreak asia."omberg. ♪ >> the reunification of china is a historical inevitability. the compatriots of both sides of the taiwan strait should join hands and share the great glory of national rejuvenation. our goal is grand and simple. >> we hope that both sides of the taiwan strait can return to healthy and constructive exchanges. we will not provoke or submit. but we will earn the international community's trust and deepen our corporation -- our cooperation with democratic partners so that we can confidently end calmly face the world and china. yvonne: the presidents of china and taiwan, giving their new your messages. xi jinping as you heard, reiterating reunification is inevitable, while taiwan's president, calling for peace in the region. taiwan, heading to the polls in under two weeks the pickets next president. let's bring in our taipei bureau chief with the latest. it's interesting what we heard from xi jinping talking about how reunification with taiwan is inevitable. this seems to be stron

annabelle: you are watching "bloomberg daybreak: asia." at a hong kong court has ordered that liquidation of evergrande, the big question is whether that decision will be followed in china. let's bring in our chief north asia correspondent, stephen engle. where do we stand at this point in time? >> it was headed toward this foregone conclusion there would be a liquidation. it came to a head yesterday with the hong kong court,ordering the liquidation . the big question remains, will the order be recognized and implemented on the mainland? the bonds and stocks traded but the bulk of the assets, $248 billion worth of assets, it will probably get a fire sale price on that if they are actually liquidated and china. -- liquidated in china. there are so many variables here. they have $33 billion in liabilities. the assets don't match that. someone is going to be left short. but we don't know what the communist party, essentially running the courts and china, whether they are going to basically follow the hong kong order. there is no precedence for

plenty more to come on "daybreak: asia."his is bloomberg. ♪ morgan stanley, old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. gusto is easy, modern small business payroll. starting at just $46 a month. but it's so much more than that. with gusto, paychecks are deposited in just a few clicks. gusto calculates and files your payroll taxes automatically. gusto offers health insurance for nearly any budget. and gusto even connects you with certified hr experts. it's fast, easy, and affordable. gusto is payroll and benefits built for small businesses. get started for free at gusto.com paul: lacks on shares gained after i reported income that beat forecast of 90 six cents. the president and coo jonathan gray told us he expects ipo activity to pick up in the second half. >> what's happening in our business is we

more to come on daybreak asia.urprisingly taking central stage and ces. armand ceo spoke to us about the trends that they are seeing in the space. >> if you think about devices becoming smart devices whether it is a smart washer and dryer, tv, they all need a brain that helps them learn what to do. the brain is arm. we were talking about where is arm. those things i just gave you, washer, dryer, digital television, arm is the brain that makes those go. >> the connection between everything is ai. even a beauty and health care company, arm wants to be a part of the ai story so let's start with that. the story of 2023 was the h1 hundred, the gpu goes into the server design. arm is not in that market but it wants to be so give us the scorecard of where progress has been. >> ai has been with us with some level. amazon alexa, ring camera, things with facial recognition. that is ai. that is running on arm, so we've already been there. what's happening with chatgpt has been that level stepping up, and level of learning and

more to come on daybreak asia.ates unique personal looks that are just for me. kind of nice. i like that. it's easy. give them your size, your style, your budget. -now, this is a nice shirt. i keep what i like and send back the rest. -now my wardrobe stays updated with fresh fits created just for me. did you see that texture? this just feels really good. fits perfectly. -what can i say? my stylist gets me. they get me. and they'll get you too. shery: take a look at some of the stocks will be watching when markets open in tokyo. some of these may move to given the ruling dpp victory. analysts saying the wind removes key uncertainties in local markets noting china's muted response. you have a few semi conductor names we are watching closely. the chip sector so important for taiwan. we have seen the taiex seeing volatility in the two weeks ahead of the vote. seeing upside in futures at the open in taiwan. that is it from daybreak: asia. or markets coverage continues. standby for bloomberg markets china open. ♪ it's an

that is it from daybreak asia.as we look ahead to the start of trade in hong kong, shanghai and shenzhen. get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. (jennifer) the reason why golo customers have such long term success and see migration in theaters now. is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't

we have more to come on daybreak: asia. this is bloomberg. ♪ annabelle: this is daybreak asia.o the trading session for the cosby. -- the kospi. it is leading asian stocks lower. japan is closed, but we are seeing it down 1.25%. the dynamics feeding into this follows across from the wall street session, because quite negative news for bonds and stocks overnight, the worst start to the year in decades for both those asset classes in tandem. but driving that is these changing expectations around how aggressively we can expect the fed and other g10 central banks to cut over this year. has not led to higher treasury yields, you can see the aussie three year yield advancing somewhat in the session, and likewise a firmer dollar off the back of that. the best day we have seen for the greenback since march of last year. you are seeing that weakness feeding through into the korean won, trading near the 1300 mark. hong kong futures are pointing to a weaker open, down 1% at this stage. it is that perception around central banks and what they will do over the course of this year that is pl

plenty more to come on daybreak asia. how markets are trading across asia. still early in the asian session but we are seeing the nikkei rebounding 0.25%. this is coming at a time when japan saw the worst two weeks for the first trading session of the year. we continue to watch the level of the japanese yen to see the direction of some of those big exporters. right now it is to the downside of the greenback. the kospi is also up 0.1%. this of course after a lot of volatility this week touched a 19 month high earlier in the week. we had a risk off session in the last couple days. the asx 200 slightly higher. kiwi stocks are not doing that much. of course there is a lot to digest for investors across asia. economic data releases across the region, including the philippines inflation numbers, cpi readings from thailand, inflation data in taiwan, not to mention hong kong releases its gdp estimates. india also releasing its gdp estimates. let's bring in our next guest right now. she is expecting india to maintain its yearly gro

coverage continues on daybreak asia. stay with us for more. bloomberg. ♪ that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. >> tidelands deputy finance minister amplifying rate cut calls. he told us exclusively that high interest rates are holding back the economic recovery. >> the problem with thailand is the economic, economy growth of gdp, it is not where it should be. the past 10 years, the growth rate of thailand is about 2% only, which we believe with the capability of the thai people and thai economy and the current government, we plan to stimulate it and bring it up to 5% per year at least. >>>> the current central bank policy rate is 2.5%. does the government think the economic conditions are in place for 2.5% to be lowered? does that look too high given the reality on the ground? >> the current interest rate is quite concerning to the government. it is too high considering t

we will have more ahead from daybreak: asia.is bloomberg. ♪ >> we don't want to loosen policy to quickly only to find inflation get stuck way above target. that would be a very scarring miss. we don't want to try to get to two so quickly like overnight just to get that squeezed out that we end up having this big run-up. paul: that was the san francisco president -- fed president mary daly into knowing to push back on expectations for fed rate cuts this year. the trend we are seeing in treasuries this morning suggesting there is conviction the fed is going to begin reducing its benchmark rate as soon as march. something to keep tracking to we are seeing moves across the curve continuing to hold above the 4% level. that dynamic of high yields. something that has been weighing on the hong kong property market given the hong kong monetary authority follows what the fed does. what is shaping the dynamic of the real estate seen here in the city is chinese developers. they have now retreated from hong kong with the unprecedented downtu

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anymore to on "daybreak: asia."his is bloomberg. ♪ -- plenty more to come here on "daybreak: asia." annabelle: a quick check on how trading is going this morning. ozzie and qe notes trending to the upside -- aussie and kiwi notes trending to the upside. i whipsaw coming through for treasuries, a reaction to the jobs report. there were signals of crack that emerged. you have all the treasuries curve trading above the 4% mark. this was popular on the terminal. they expect treasuries rallied to resume. they are looking for 10-year note weakness in the early weeks of the year to find support at the 4.25% to 4.3%. in the next hour we will have c'mon, we're right there. c'mon baby. it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad? exactly! don't del

>> this is "daybreak: asia." there is a lot for investors to be digesting this morning, we've had major big tech earnings out at alphabet, also at microsoft in focus, amd, and in asia we got that watch on the samsung numbers and what -- numbers and what that is signaling about chip demand. paul: we will keep an eye on the chip demand story. for samsung a pretty healthy beat. we will listen to what unfolds on the earnings call around tech in the asia-pacific today. annabelle: the rba ahead of his decision, let's take a look at how korea and japan are coming online. the focus on how samsung starts to trade unchanged at this point in time, but it does take a few moments to show my pricing. we saw the fourth straight quarter of profit decline, it was the all-important holiday quarter as well. net income falling 74% in the last three months of the year, that was a handy beat on what analysts had been expecting for around 3.2 trillion one. so roughly double that, but it is thanks in part to a tax credit. the chip divis

>> this is "bloomberg daybreak: asia." the sort of dredges upon us for japan and south korea, that is not just the focus on equities today because we are having to watch a residual base in singapore kriti gupta k-swiss -- singapore putting out its first policy decision. paul: the monetary authority during quarterly meetings, but we are not expecting any change today. we will have the decision immediately. one area we are seeing movement is in the oil space on the increasing tensions in the middle east and energy start sketching a bit today. annabelle: certainly going to be expected to watch and track the demand we are seeing for havens this morning, we are getting the mas decision, no change coming through to the center of the currency bed. mas saying it will retain the slope of the policy band, core inflation at 2.5% to 3.5% over the course of this year, so let's get more of this decision. it is the first policy decision we have under the new managing director. avril hong is joining us for more on this. talk us through th

>> you are watching "daybreak: asia." coming to you live from new york, sydney, and hong kong. >> australia has just come online. traders are paring back bets on fed rate cuts as the dollar jumps the most in 10 months. the prospect of a third pivot, and china waits for the stimulus in the form of special bonds as the premier says the economy hit its 2023 growth target. >> the fed governor chris waller , among get to too many details of what he said but what he is calling for is a cautious, careful approach to cutting rates any says that can only happen if conditions are right. they don't want to see inflation rebounding over the course of this year. higher treasury yields was the hallmark of the previous session, and a firmer dollar, the biggest jump for the greenback in 10 months. the aussie dollar down as much as 1.2%. stabilizing here. it's negative for equities and were seeing most futures point to the downside. the asx 200 with a flat start but staggered as well. we will see how it performs in about 10 minutes from n

haidi: plenty more to come here on daybreak asia.nie: for the first time, u.s. regulators approved exchange traded funds that invest directly in bitcoin. the s.e.c. authorized 11 funds to begin trading on thursday. >> i am delighted we are at the end of this saga. i know there are still pieces of it to go but i think this is a big milestone. vonnie: rebecca sin joins us now. 11 have been given permission to go ahead. will they all survive? what will be the minimum bar in terms of funds they will need in order to survive? rebecca: this is an interesting question because the s.e.c. has approved 11 etf's and not all may survive. what is interesting is if we start at the largest, the grayscale: unitrust, this will be converted into an etf and they have the largest assets under management. roughly 29 billion and assets. blackrock has secured $2 billion in assets. this may be one of their largest launches ever. often times it is not uncommon for etf's to secure assets under management or funding. it is called seed capital they get from inv

ahhhhhh ahhhhhh ahhhhhh >> you are watching at daybreak asia. rebels saying they have attacked an american vessel -- yemen's who the rebels -- yemen's houthi rebels. the latest attack came after the u.s. designated them a terrorist group. that partly unwinds remove president biden made early in his designation as the u.s. sought to ease a humanitarian crisis in yemen. we continue to see support in the asian session. middle east tensions have led to some gains in the price of oil. bloomberg's su keenan joins us with the latest and a lot of that demand could come from china. su: china is the world's largest consumer. its economy expected to rebound, as is the global economy, driving a robust search in demand by 2025. in the monthly report they just released, you see .8 million barrels a day. if this bullish outlook will be borne out or not remains unclear, but it means oil markets are set to remain in deficit through the end of next year. that is unless saudi arabia and its allies decide to boost output significantly, and at least one analyst is p

this is bloomberg. ♪ annabelle: this is daybreak asia we are counting down to asia's major market openment for the start of the trading week is one that is quite positive. u.s. stocks inching higher with the friday close and the investors calling the fed to be forced to start cutting although we get the pushback from policymakers. paul: a real disconnect between what the market thinks will happen with the fed says will happen. mary daly talking about that's being premature. the markets keep on pushing higher. the nikkei closing on a record we have seen for a long time. annabelle: really going back to the days of economic bust of the bubble in the early 1990's. japan, the focus as well for markets come into this week is what we get from the doj because the policy decision is due on tuesday, no changes expected in terms of negative

. ♪ vonnie: you are watching daybreak asia. u.s.port regulators have open investigation into boeing following last week's midair door blowout. it says boeing needs to comply with standards they are legally accountable to. it prompted airlines to cancel hundreds of flights. airbus set a sales record in 2023 with more than 2000 net orders in one of the most active purchasing periods in aviation history. the sales were driven largely with mega deals with multiple outlines. airbus beat its annual delivery target by achieving 7500 and overs. tesla will suspend car production at a factory in berlin to february 11 due to a lack of components because of the armed conflict in the red sea. we are getting a helpline on that now. the u.s. and u.k. have launched airstrikes on targets in yemen. once again, the u.s. and u.k. have launched airstrikes on targets in yemen. bloomberg has been told the u.s. national security review of the takeover of u.s. steel is likely to last into possibly 2025. su keenan has been looking into this. that is longer t

much more to come here on daybreak: asia.is is bloomberg. ♪ >> you are watching "daybreak: asia." jp morgan has raised jamie dimon's pay to $36 million after it reported the highest profit in the history of american banking. his total is up 4.3% from 2022 with a one point $5 million salary and the -- with a $1.5 billion salary. jp morgan's revenue last year was just short of $50 million. wall street deals will pick up -- wall street m&a deals will pick up as rates come down. and carlyle group's david rubenstein sees -- tells us he will be shocked if the fed does not cut rates by march. jan capital now plans to launch with $5 billion to $6 billion, far below earlier ambitions of as much as $10 billion. the loan expectations underscore a challenging fundraising environment for the industry. some market watchers say japanese stocks risk becoming a crowded trade. strategist at hsbc have told bloomberg the market has risen too far and investors should start taking profits, but that is a contrarian view. at bank of america survey t

that is it for daybreak asia.ook ahead to the start of trading in hong kong, shanghai, and shenzhen. bloomberg markets the china ope. this is bloomberg. ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, d grow. constant contact. helping the small stand tall. was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free 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 hi, i'm janice, and i lost 172 pounds on golo. ahhhhhh when i was a teenager i had some severe trauma in my life and i turned to food for comfort. i had a doctor tell me that i

. ♪ paul: it is time for "japan ahead" on "daybreak: asia." ."e some of the stories were watching. approval ratings for the japanese prime minister's inch higher in polls, just as the minister continues to deal with the fallout from the funding scandal. meanwhile the nikkei reports that japan is considering adding truck drivers to the job immigration list. tokyo metro might also be listed under this year. , we have also got japanese markets at the top of the next hour, 20 minutes out from the start of trade. so far we are seeing futures pointing to modest gains at the open. perhaps supported in part by that japanese yen, continuing to treat around the 148 mark. the context for today's session will very much come downtown middle eastern tensions, because you are seeing bond futures, for instance, gaining. oil moving up 1% in the early part of trade. . brent crude and wti, after the u.s. and iranian-backed militants killed service members. it is perhaps the most lately into the safe havens. japanese equities on a tear so far, over the course of thi

with plenty more to come on daybreak: asia.s is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> china bond, we have seen some breaking news out of japan. annabelle: pmi numbers for the month of january, for the manufacturing reading it ticked a little higher. unchanged we saw services continuing to hold from the december readings. follows what came through with trade data for december, the signs include chipmaking equipment to china. paul: as i was saying. csi plunging. serious concerns, policymakers, we have reports to put a floor under equity prices, deposits, government bonds seem to be the place to be. annabelle: yeah. we're seeing the equity market the economy editor joins us now, this money, does it tell you anything? >> was talking about the need to stabilize his market, maybe get more details. we're going back to 2015 to bring more money and stabilize to take some time, you could argue some of those measures were counterproductive and it still took a year, so i'm not sure it's going to have the big room. if we are seeing something billions

and see migration in theaters now. >> this is daybreak asia. g down to asia's major market opens. what i am most excited to see as the trading for sk hynek's. we had those numbers returning to operating profit after four straight quarters of losses. it surprised a lot of people because it was well higher than what the average analyst estimate had been. paul: nobody was expecting those numbers. we got a healthy profit. it could move the cost be as a whole. sk hynek's definitely one to watch. worth watching china as well. we had somewhat of a rally yesterday on the news of the eminent rrr cut. plenty to watch. annabelle: we will turn to how sk hynek's comes online. we will wait for that to come.

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plus, get the new samsung galaxy s24 on us. >> this is "bloomberg daybreak: asia." japan, south korea. a lot of markets born into green. strong moves in the u.s. session overnight. still there's the question of what happens in china next given the fate of evergrande. paul: that was very interesting, the winding up of evergrande yesterday. we will see how much more that court decision holds in mainland china. we've got the oil price moving, the asx close to a record, on the eve of a fed decision as well. annabelle: also some data to note, japan for instance, putting out its employment data in the last half hour or so telling us the employment market was pretty tight toward the end of last year.

. >> this is daybreak asia, were counting down to major market opens ahead of the start training forouth korea, about 90 minutes after the start of trade for china as well. the question for those markets today is whether they will be facing any sort of reality check. paul: we have seen a decent rally for the hang seng and the csi 300 off the back of views of -- questions remain about the durability of that. annabelle: ins perhaps a reality for the boj and what they're really seeing signaled in the inflation numbers. we just have the services pbi coming out but the tokyo inflation numbers now telling a bit of a different story. the open for trading of the nikkei and at the start of the day we will be tracking those moves in the wall street session. a strong six-day gain overnight that could translate across the session so far. that focus on those inflation metrics that came out of tok

ahhhhhh ahhhhhh ahhhhhh >> welcome to daybreak: asia or we are counting down to asia's major markepe

. >> welcome to "bloomberg daybreak: asia." counting down to asia's major market opens. >> australia has just come online. asia is set for a cautious start following the u.s. holiday. european stocks and bonds retreating as ecb officials hose down expectations for rapid rate cuts. houthi militants hit a u.s. owned ship with a missile as the u.s. warns commercial vessels to steer clear of the red sea. the iowa republican caucus is set to get underway. the first real test of donald trump's commanding lead in the holes. -- in the polls. we are live in des moines this hour. haidi: we will be checking in on des moines and the key selection process ahead of monday's caucuses. the first test for the 2024 presidential nomination. this is the picture as we set up across the tuesday session. asia stocks are set to fall at the open. oil in particular, one to focus on as we trimmed the advance. sydney futures looking softer by about .1%. we are seeing the lows are lower on the tuesday session. we got the declines across european equities a

annabelle: this is daybreak asia counting down to asia's major market opens.an and south korea, the big market team today is the fed holding rates steady. jay powell rebuffing any talk of a rate cut by march. paul: that seems to be off the table. the market reacted profoundly to that. we saw the s&p lose a lot of ground after he made those remarks. in australia we have been backing away from a record high that we set on wednesday. deus ex is off by 1%. -- the a sx is off by 1%. suffice to say we will probably have a risk off day around the asia-pacific today. annabelle: right. we are just getting to the korea trade numbers dropping for january. we

this is bloomberg. ♪ >> this is "daybreak: asia."vestors to be digesting this morning, we've had major big tech earnings out at alphabet, also at microsoft in focus, amd, and in asia we got that watch on the samsung numbers and what -- numbers and what that is signaling about chip demand. paul: we will keep an eye on the chip demand story. for samsung a pretty healthy beat. we will listen to what unfolds on the earnings call around tech in the asia-pacific today. annabelle: the rba ahead of his decision, let's take a look at how korea and japan are coming online. the focus on how

. ♪ haidi: this is daybreak: asia. we are coming down to major market opens.ade in japan. the attention going to be focused not only on tokyo with the boj but there is the attention coming down to china's markets. we saw the csi 300 hitting a five-year low. paul: that is right. it was not just the csi 300. stocks in hong kong taking a beating. the hang seng fell below 15,000 points on monday. a level we have not seen since 1997. we heard from chinese premier calling for forceful measures to address this. annabelle: one of

asia. daybreak middle east and africa is next. these are not -- ♪ yousef: this

that is it from "bloomberg: markets asia." daybreak middle east and africa is next.♪ >> you are with the bloomberg "bloomberg daybreak: middle east

daybreak: europe." i'm tom mackenzie in london. asias in the green as investors weigh beijing's latest stimulus measures. meanwhile, the fed hikes rates on its emergency lending program cutting off a supply of cheap cash for commercial lenders. central bank bonanza. we get rate decisions from south africa, turkey and of course, the ecb. well christine lagarde offer fresh signals on rate cuts? we bring analysis this hour. plus, tesla shares skid off the road after it misses on fourth-quarter earnings. and warns of weaker sales growth for the year ahead. let's check on markets because there is that positive sentiment across the asian session. it is helped by the uptick coming through from mainland china and hong kong, once again on measures articulated by policymakers, as we let into the break i asked whether or not the bad news has been fully baked in to the chinese equities story. whether the measures coming through, including the reserve ratio cut flag for february, will be putting a floor under chinese stocks? the benchmark csi 300 is

daybreak: europe. tesla was overtaken by byd last quarter as the world's top-selling electric carmaker. asiadanny lee has been looking into the factors that made byd the king of the ev market. it likes to describe itself as. >> the biggest car brand you have never heard of. >> now china's byd has overtaken tesla as the world's largest seller of electric vehicles. his success is a feat of long-term strategic thinking on the part of byd and the chinese government. >> we have never seen anything like this in terms of the amount of support china has extended to automakers, specifically pertaining to ev's. >> most byd cars are simply a lot cheaper than tesla's. >> they have very cheap models starting from 10,000 u.s. dollars. the most important thing is that byd is the only automaker that produces all of its batteries in house. >> making its own batteries and other components helps it reduce costs. all of this is setting china up to be the dominant global player in transportation of the future. electric vehicles, a business that could be worth $8.8 trillion by the end of the decade. lizzy: you ca