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Jun 18, 2017
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you are watching daybreak australia.afterl this tepid inflation numbers are weighing the fed's announcement it would raise rates, looking to unwind that balance sheet. with brexit negotiations underway in brussels, how does that play out with the bond market? let's bring in the global chief of this bank. great to have you. it is interesting reaction when it came to u.s. treasuries, because for the long-term it was like bond investors had doubts despite how well telegraphed janet yellen was being. >> but they need a particularly good job, and as you said, two rate hikes so far this year, but with the central banks and data mixing, as soon as possible. it has been a brilliant job. now they are focusing on the unit with unwinding the balance sheet and key question, which is , can you unwind the counterbalance without the effects unwinding? isshould work out when it about to kick off, possibly as soon as july or even september for this unwind to stop. haidi: i want to show this chart, because we have come a long way from the
you are watching daybreak australia.afterl this tepid inflation numbers are weighing the fed's announcement it would raise rates, looking to unwind that balance sheet. with brexit negotiations underway in brussels, how does that play out with the bond market? let's bring in the global chief of this bank. great to have you. it is interesting reaction when it came to u.s. treasuries, because for the long-term it was like bond investors had doubts despite how well telegraphed janet yellen was...
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Jun 25, 2017
06/17
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right, thank you very much for joining us on daybreak australia. ound it of the stories you need to know to get your day going in daybreak asia. bloomberg subscribers can go to day be go. this is also on mobile in the anywhere. you can get news on industries you care about. this is bloomberg. ♪ ♪ paul: that is almost it for daybreak australia. we have more with daybreak asia. let's take a look at what is coming up over the next two hours. yvonne, we have been waiting for a long time. looks like we have confirmation to, has filed for bankruptcy. -- terra-cotta has filed for bankruptcy. yvonne: we will hear from the company i takeover offer as well coming from key safety people. this could pave the way for the sale. a big wild card remains, who will take the brunt of responsibility when it comes to global recalls? one of the most complicated in the automotive history? takata not off the hook after this sale. we have a lot of debate covering the cost of this $5 billion, some of the automotive experts. $1.6 billion,e in so who will cover the shortfall?
right, thank you very much for joining us on daybreak australia. ound it of the stories you need to know to get your day going in daybreak asia. bloomberg subscribers can go to day be go. this is also on mobile in the anywhere. you can get news on industries you care about. this is bloomberg. ♪ ♪ paul: that is almost it for daybreak australia. we have more with daybreak asia. let's take a look at what is coming up over the next two hours. yvonne, we have been waiting for a long time. looks...
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Jun 4, 2017
06/17
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you are watching daybreak australia.th the disappointing jobs report, you know all about that. what a miss we had. betty: it was quite a miss, but --did lead to a stock market did not lead to a stock market decline. we saw equities rallying. we focus on the political stuff over the weekend. there was another attack in london. there is uncertainty over the ..k. elections later this week in the u.s., this will be theater. the former director comey testimony will be closely monitored. this is interesting to digest. it will make the jobs report seem like it was a breeze. here with more. what do you think will stand out for investors? kathleen: on friday, the federal wasrve hikes, we knew this the general election that theresa may called weeks ago would be an important event for the u.k., for the global market. the terror attack put that much more uncertainty and tension around this. in fact, i want to show you a chart as we get started because we know the tories had lost ground. that is theresa may's party. you can see how t
you are watching daybreak australia.th the disappointing jobs report, you know all about that. what a miss we had. betty: it was quite a miss, but --did lead to a stock market did not lead to a stock market decline. we saw equities rallying. we focus on the political stuff over the weekend. there was another attack in london. there is uncertainty over the ..k. elections later this week in the u.s., this will be theater. the former director comey testimony will be closely monitored. this is...
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Jun 11, 2017
06/17
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this is bloomberg. ♪ ♪ that is almost it for daybreak australia on this very soggy sydney morning. for the daybreak asia. really unfortunate gdp number out of japan, looking at more data points to paint a picture before the bank of japan meets. fading in thee background, but looking at machine orders out of japan for the month of april, there could be a slump in that month. we saw last months data -- month's data, companies tapping orders by 60%. -- camping orders by 60%. not all signs are pointing to weakness. we did see the first quarter corporate profits jumping, not enough to raise. we will see what happens. betty: we will see what happens. and we have an analyst joining us. he has called on the market the fed. we all think it will hike interest rates later this week. also says he likes banking shares. we will get more on his calls and where he sees the market. we saw a huge stumble in tech last friday. haidi: we will continue to follow the market follow from that calamitous u.k. election result. we are joined by the nomura fx strategist. he sees greater volatility ahead. this i
this is bloomberg. ♪ ♪ that is almost it for daybreak australia on this very soggy sydney morning. for the daybreak asia. really unfortunate gdp number out of japan, looking at more data points to paint a picture before the bank of japan meets. fading in thee background, but looking at machine orders out of japan for the month of april, there could be a slump in that month. we saw last months data -- month's data, companies tapping orders by 60%. -- camping orders by 60%. not all signs are...
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Jun 6, 2017
06/17
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this is "bloomberg daybreak: australia." betty: i'm betty liu. after 6 p.m. here in new york. we will be watching how all the action in washington plays into the trading day. investors striking a bearish town today. the markets following two days in a row. there's a lot investors will be digesting. we've been talking about this all week. you can imagine every trading floor will be glued to the television when james comey takes the stand on the hill and testifies. that has dominated headlines as well today. also, looking forward to the u.k. elections. all that uncertainty leading to the declines you see here.as np down about 3/10 of 1% .the dow, off by almost 50 points. tumble.aking a slight again, setting you up for a softer open in asia. haidi: that's right. that's not even counting what we get out of the ecb. we expected guidance from mario draghi. markets are calling this super thursday, led by the potential for political absent from the james comey testimony. asia, say, here in looking like a bit of a softer session, at least a mixed start as we get this risk off tone. new
this is "bloomberg daybreak: australia." betty: i'm betty liu. after 6 p.m. here in new york. we will be watching how all the action in washington plays into the trading day. investors striking a bearish town today. the markets following two days in a row. there's a lot investors will be digesting. we've been talking about this all week. you can imagine every trading floor will be glued to the television when james comey takes the stand on the hill and testifies. that has dominated...
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Jun 5, 2017
06/17
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daybreak. i am yvonne man in hong kong. betty: i am betty liu in new york. australia'sajor political parties may reach a deal on reducing carbon emissions, bringing an end to a long-standing policy war. let us get to paul allen in sydney. how much should the government and opposition be able to move forward on this topic? paul: they have been a long way apart for a long time. the labor party and opposition have been pushing for an emissions trading scheme. that is something michael turnbull supported vigorously in 2009 to the point at which it cost him his job. he ended up losing the role at the conservative in his party, because they did not want a trading omissions scheme. emissionsading scheme. will hand down a report on energy reform in australia that will contain a range of options, and that will be called a low energy target. a percentage of the energy would have to come from low emissions sources. indications so far that this is something both major political parties could get behind, and it is politically safe for both of them to do so, so we could finally see s
daybreak. i am yvonne man in hong kong. betty: i am betty liu in new york. australia'sajor political parties may reach a deal on reducing carbon emissions, bringing an end to a long-standing policy war. let us get to paul allen in sydney. how much should the government and opposition be able to move forward on this topic? paul: they have been a long way apart for a long time. the labor party and opposition have been pushing for an emissions trading scheme. that is something michael turnbull...
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Jun 20, 2017
06/17
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daybreak asia." moody's has downgraded the credit ratings of australia's big banks from aa to two aa three.f the risks that are lurking in the housing sector. we spoke to moody's vice president earlier and that economists earlier. >> the risks have been rising. we have been saying that for some time. the low wage growth and households taking on more debt has led to record highs in household lending. we don't know how these mortgages will perform during a real downturn. economy's desk economist, you're probably seen this phenomenon of low wage growth over many other economies. >> lower wage growth is something we are seeing globally. the advantage for australia is that we do seem to be getting some signs in the labor market. there is some decline in wage growth. it might pick up a little bit over the next period of time. as an economist, estrella has always been in -- australia has always pushed back on the idea that we are not doing ok. there is a risk that we have arrived at a point where the consumer has a free cash flow. i think it does make us much more vulnerable to slower growth and m
daybreak asia." moody's has downgraded the credit ratings of australia's big banks from aa to two aa three.f the risks that are lurking in the housing sector. we spoke to moody's vice president earlier and that economists earlier. >> the risks have been rising. we have been saying that for some time. the low wage growth and households taking on more debt has led to record highs in household lending. we don't know how these mortgages will perform during a real downturn. economy's desk...
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Jun 14, 2017
06/17
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daybreak asia. we have some breaking news out of australia.idence index coming in lower than what we saw in the prior months. this is for the month of june. last month it was 98 even. that's a decline of 1.8%. 1.8%. last month these are for the month of june. they are a good gauge of current sentiment now. given the concerns about where the australian economy has going thatt about the currency, might be seeping into the confidence numbers here. >> that certainly seems the case. we will watch now coming out of australia. >> franklin templeton says the austrian labor market may force them to cut rates early next year. the company expects more trouble for employment because household spending is constrained by debt and rising nondiscretionary thoughts. they have avoided recession for 26 years in the rate remains at 4.7%. american student jailed in north korea has been freed and medevac out of the country. his parents say he has been in a coma since march of leicester when he was convicted for asking -- acting against the nation. secretary of stat
daybreak asia. we have some breaking news out of australia.idence index coming in lower than what we saw in the prior months. this is for the month of june. last month it was 98 even. that's a decline of 1.8%. 1.8%. last month these are for the month of june. they are a good gauge of current sentiment now. given the concerns about where the australian economy has going thatt about the currency, might be seeping into the confidence numbers here. >> that certainly seems the case. we will...
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Jun 1, 2017
06/17
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yvonne: australia calls on beijing to rein in north korea. ,"tty: this is "daybreak asia live from bloomberg's.s. and asia headquarters. i am betty liu, in new york. yvonne: i am yvonne man in hong kong. breaking news out of south korea on first quarter final gdp numbers coming in at 1.1%. for 0.9%s were hoping estimate. relatively marginal beats. a year on year figures coming in at 2.9%. gdp setting the fastest face -- pace we have seen since 2013. we will see what the market reaction will be. big story this morning that happened the last couple hours, the stunning announcement from president donald trump. we saw classic donald trump come out. we absolutely did. at that overshadowing any news we are getting so far. in terms of the reaction in the market, it was interesting. been.s. markets have getting higher. they ended at the top of the session. you can see the s&p higher by 0.8%. the dow adding on 135 points. the nasdaq composite rising 0.8%. the doomsday scenario we saw from u.s. ceos saying it would be bad for the economy has not played out yet. at least in today's session in the markets
yvonne: australia calls on beijing to rein in north korea. ,"tty: this is "daybreak asia live from bloomberg's.s. and asia headquarters. i am betty liu, in new york. yvonne: i am yvonne man in hong kong. breaking news out of south korea on first quarter final gdp numbers coming in at 1.1%. for 0.9%s were hoping estimate. relatively marginal beats. a year on year figures coming in at 2.9%. gdp setting the fastest face -- pace we have seen since 2013. we will see what the market...
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Jun 26, 2017
06/17
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daybreak asia. i am betty liu in new york. i am yvonne man and hong kong bureau north american insurers hunting for yield, turning to australia. in a jump in all the countries barring from the u.s. private bond market. ruth.rom we flew -- from what is prompting insurers to lead more to companies outside of the u.s.? insurers are some of the most conservative investors around the world. their money is tied up in fixed income or bonds, but they aregot around -- yielding less than 1%. you are seeing a lot of incomes being squeezed. for life insurance, they have to broaden the horizons and as a result, the private bond market is one where you can get more of that. betty: but why do they like us drilling companies? ruth: -- why do they like australian companies? ruth: it has a stable economy, a really good regulator. businesses function very well. they like the diversity that australian companies provide to their portfolio. really proves to be a good proposition for them. anchor: what are some of the risks when it comes to run into aussie companies in the private bond market? ruth: it is important to recognize the fact that aussie
daybreak asia. i am betty liu in new york. i am yvonne man and hong kong bureau north american insurers hunting for yield, turning to australia. in a jump in all the countries barring from the u.s. private bond market. ruth.rom we flew -- from what is prompting insurers to lead more to companies outside of the u.s.? insurers are some of the most conservative investors around the world. their money is tied up in fixed income or bonds, but they aregot around -- yielding less than 1%. you are...
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Jun 25, 2017
06/17
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daybreak asia. i am betty lou. yvonne: i am yvonne man. we are counting down to the first major market open. let's get more from the bloomberg markets reporter, from sydney.ve focusing on australiahe year and australian equities are underperforming in the grand scheme of things. always seeing any upside? upside? seeing any adam: it has been interesting this year because there is no shortage of global investors. it is queuing up to add to the failure. withis a risk in prices the huge underperformance with the global index this year. australian equities are unchanged on the year, being able to make plenty of money across the board begs the question how the second half of the year intervals this. there is a feeling of a lot of potentiallyributing further weakness or underperformance on relative terms. that hangs on the consumer. there is plenty of worries about the australian consumer, dipping into their pockets to continue to help the economy tech blog. -- tick along. house price growth continuing to nudge higher. the rest of the economy looks in tough shape. it is difficult for australian equities and will continue to be so for some time. betty: i know you are also looking at thi
daybreak asia. i am betty lou. yvonne: i am yvonne man. we are counting down to the first major market open. let's get more from the bloomberg markets reporter, from sydney.ve focusing on australiahe year and australian equities are underperforming in the grand scheme of things. always seeing any upside? upside? seeing any adam: it has been interesting this year because there is no shortage of global investors. it is queuing up to add to the failure. withis a risk in prices the huge...