haidi: that is about it for "bloomberg daybreak: australia." e "daybreak": asia coming up. yvonne, what are you watch something >> it's really going to be tencent and how it trades when hong kong markets open. fell as much as 10% overnight and sent shock waves across global market. we'll speak to a partner and portfolio manager. they've come up with china focused e.p.f. eats. he says the setback for tencent is just a slight head wind. from what he understands the intention of the government is to work with game makers and not against them. raul: and from china tech, yvonne later on will go into hina bio investment. this just started trading on the nascar today and it's -- nasdaq today and it's bringing together 20 chinese bio tech firms to try to bring back u.s. investors into the growing game. haidi: yes, we'll also be talking about the issues we saw overnight with the tech sell ah. we'll be joined by the financial c.e.o., also talking about the fallout from turkey, whether we really are past the geopolitical tensions. he citizen it's not surpr

you are watching daybreak australia.wo hours away from the opening of the first asian major markets. >> i am ramy inocencio. over the next hour, we will look the action in australia will play into the asia-pacific trading day. it was confident, but whether that is a question of being well placed or misplaced as u.s.-china tensions continue is the question. 0.3%, shy 15 points of a new record high. the nasdaq up similarly here. the big story, especially in the u.s. afternoon trading was tesla. let's talk more about that. tesla, just a fraction of a percent under 11% for the pop. the big news is that it could go private. elon musk saying he has his funding secured to go private at $420 a share which would value the company at $82 billion. there are a lot of folks out whether they should continue to be shorting that stock. haidi: we will get a lot more on that tesla story. we know elon musk has had his fair share of difficulties in investor relations, to put it that way. take a look at the setup in asia. ramy, unusual situa

haidi: that's it for "daybreak australia." yvonne and rami are up next with "daybreak asia."ing to see if this $150 billion wipeout for tencent could be the bottom. yvonne: it's hard to see what hasn't been priced in. tencent earnings, taking a huge hit today. in january, it once was the tech darling. we will speak to citigroup's global market chief. talking about not just of the , but also recently, the regulatory hurdles that it faces. rami: before that, of course, we will have to go back to turkey. we are going to be speaking about the economics and politics. haidi: that is it for daybreak australia. this is bloomberg. ♪ >> welcome to "daybreak asia." face acific markets mixed start after wall street halted its longest slide and's march. -- since march. boycotts u.s.gan electronics and says he won't be pushed around. rami: from bloomberg's global headquarters, i ramy inocencio in new york. losers. among the day's goldman sachs says it too wasn't on board when musk

you are watching daybreak australia. federal reserve signaled it is ready to boost its key rate in september as it held unchanged wednesday. global economics and policy editor kathleen hays is here. what could change about the fed or their mind, about one or two hikes before this year is out? it seems like the september rate hike is more than ever a done deal. the only surprise would have been had they hikes because there is no cap -- no press conference following that. we won't have to wait for any press conference is because there will be one at every meeting next year. this one more of a summer's news. important indicators in the policy statement because the fed has -- because it is a central bank, it upgraded its view of the economy. let's take a look at the first tendons of the five paragraph statement. information received since the committee met in june indicates the labor market has continued and the economic activity is rising at a strong rate. before it was described as solid, now it is strong. recent months, un

that is it for "daybreak australia."- asia" with yvonne and rainy, next. ♪ yvonne: 7:00 a.m. in hong kong. i am yvonne man. welcome to "daybreak asia." the top stories this wednesday, asia faces a muted start. 2900 for therossed first time. the canadian dollar jumped on optimism of the trade deal. auto assess progress has been made in initial negotiations. ramy: i am ramy inocencio in new york, where it is past 7:00 p.m. on tuesday. social media gets the message as president trump goes on the attack. he warns google and others to be "very careful."

you are watching daybreak australia.next guest says the rising trade tensions are not going away anytime soon. we are joined by scott kennedy, the director of freeman china chair. one of the most interesting latest developments are these increasing reports of beijing that they are seeing domestic pressure that there are risks within the communist party. part of it has been criticism that because of being overly nationalistic you can say he managed to miss judge the u.s.. the think that is the case? >> there is definitely a lot of self reflection in china. wrong. everybody got it no one expected trump to go through with the tariffs. they thought he was a deal and he was looking to settle. some selfthere is reflection. people may be criticizing xi jinping but he is not in danger at all. no one had a plan b. everyone else is as wrong as he is. there to figure out what to do next, but certainly china is in a moment right now where they are basically trying to figure what happened and what should we do next. what is the oppor

that is just about it for daybreak australia this morning but we are staying with you for daybreak asiae next two hours. there will be lots to talk about. we are talking trade. with we are speaking richard mcgregor in about 45 minutes time. thes telling us that chinese have figured trump out. now he is saying he is not show sure. i think a lot of people are saying the same thing. haidi: also talking about policy to virgins. we have a great guest coming up next. ♪ ♪ haidi: it is 9:00 a.m. in sydney. an hour away from trading in the friday session. welcome to daybreak asia. raceillion, apple wins the to 13 digits. some say it could be worth twice as much. for decades after steve jobs and steve wozniak found this historic landmark. ramy: i am ramy inocencio where it is fast 7:00 -- it is past 7:00 on thursday in new york. check listed equities in new york, the dollar is higher and the yuan is pulling back.

ramy: miami me ramy inocencio in new york and you're watching "daybreak: australia." this morning. is daybreak up next asia looking at what is coming up in the next two hours. chinesewatching these oil players. they kicked off yesterday, i should say last week. releasing their earnings as well. first-half profit. they are reaching a rough -- a record growth of 52%. that is thanks to the strong performance of its refining business. they are in the sweet spot where the up street businesses are benefiting from these higher oil prices. that is offsetting higher oil purchase prices when it comes to its responding business to we will see if this sweet spot continues. is tol talk about what come because despite the $70 oil level we have seen, the upstream business remains unprofitable. it makes you wonder what the breaking price is going to be for the company. also look ahead to petrochina. ramy: rising oil chat -- charges. guestme, we will have our jason shanker coming in in a few minutes. he is the president of prestige economics. always good to have him. we will talk abou

watching daybreak australia. traders are not convinced that the emerging markets will be enough to derail the fence planned rate hike. on what investors will she joins us from sydney. a big weekend ahead in terms of .entral banks how will that dictate where investors should be looking? >> it is interesting. also, it is in the middle of reporting season. of course, the currency has recovered a little bit. the meeting of the central banks at jackson hole is reaffirming global growth for the coming wer and that is important as do want to see the continuation and so we will have to see what is taking place. it will be fascinating. >> we have some earnings coming declaring cash we are expecting a little bit of outside pressure. they were coming off tough comparisons for the june quarter. when itme weakness comes to the retail segment in new zealand. that stock is still up your today. i'm going to head back to you. to ouring back , do you agree with folks saying it is time to the little bit more on the sides? fascinati

you are watching "daybreak: australia." sydney home prices are sinking. y amend its policy outlook, and the cash rate could remain on hold. the bank of australia chief economist is with us. we have the same conversation about being stuck between a rock and a hard place. low inflation, low wage growth, the property market is an issue. overlaying that is the trade war. making things difficult for policymakers. i think we will see the same outcome today, and that is doing nothing, leaving the cash rate at the current record low, 1.5 percent, signaling it will stay at that level for a long time. haidi: will we see any changes to the language of inflation and wage growth? our whatmbers we see we expected to see. higher oilanges prices, so what the margin you could see the headline cpi nudged up. i think forecasts will be unchanged. showing any moved to the middle of the target, that is a long way away. look: this chart takes a at expectations for the aussie dollar, the worst performer out of developed market currencies. hedge funds are betting that the aussie w

that is it for daybreak australia. all the action up ahead on daybreak asia.loomberg. ♪ yvonne: it's 7:00 a.m. here in hong kong. welcome to "bloomberg daybreak: asia." then trading on wall street, the s&p 15 points of a record. bhp will be in the spotlight after full-year net is the lowest estimate. underlying profit has hit a four-year high. and from bloomberg's global headquarters, i'm ramy inocencio in new york where it's just past 7:00 p.m. on a monday. president trump lashes out again, accusing the e.u. and china of manipulation as well as promoting jay powell's perf

this is daybreak australia. we're two hours away from the opening of asia's first major market. >> just past 6 p.m. in new york. i'happy friday. the action on wall street will stocksto your asia friday. the s&p 500 down by nearly half a percent after hitting two new records in two consecutive days. today was a pretty broad fall, rather. materials falling, the most. financials, also, as well as industrials. the dow falling by a half a percent, the nasdaq seeing a hit down by a 1/3. this was all because of donald saying regarding china he is ready to move ahead with tariffs on $200 billion of goods by next week. those a bit of a win for strategist who were cautious and extrapolating the optimism over with mexicoa daeal and the potentially canadian deal with any progress for china. take a look at the set up in asia. a pretty bearish session. is the end of the week, we have secondmi as well as the quarter for india. we are seeing negativity for kiwi stocks, a market that is trading close to a record high. 67, aftero

that's it from daybreak australia. tion next in "daybreak: asia" this is bloomberg. ♪ haidi: it's 9 a.m. here in sydney. welcome to "bloomberg daybreak: asia." are set toc stocks fall and trade tensions are going higher. chatter is heading back at tariffs and the u.s. is sanctioning russia. currencies are under pressure. the kiwi is declining. the outlook for growth is also weakening. >> i'm kathleen hays in new york where it is just past 7 p.m.. u.s. and japan tackle trade in new talks in washington. any deal could be threatened for support for the cpp. earnings topped estimates and the results

you're watching "daybreak: australia." let's get more perspective on the crisis in turkey. 're joined by national australia bank head ray. great to have you. what a time to be covering the markets, particularly over the last couple of days. is the correlation and contagion selloff we're seeing likely to abate? at the end of the day turkey is pretty unique in lots of bad ways. >> i think so. it is to some extent. a little local difficulty. has far the contagion been relatively limited. the african rand, one of the more significant currencies under pressure. a few signs of contagion within the eurozone. some of those government bonds and countries where the banking center appears to to have the bigest exposure as far as turkey is concerned. if you look at the index, mathematically when turkey is doing what it's doing, it's having a big negative effect on emerging ncy -- countries currencies. so we're seeing some contagion. at the moment i think those are relatively limited. i'm far more concerned about other things going on in the world. particularly what donald trump does nex

you are watching daybreak australia. likely to become trading headlines again. a sovereign fund from saudi arabia could be making it a leading investor and part of elon musk plan to take the company private. there is a matter of an investor lawsuit and maybe more than one. the plot thickens for tesla. su: the question we ended with last week was where is the [indiscernible] and how can we haven't heard of it? bloomberg has confirmed, speaking to people close to the sovereignudi arabia's wealth fund is in talks to see it become a significant investor in tesla as part of the ceo's plan to take the carmaker private. we are told discussions are at a high level but no commitment are set. the public investment fund has 2 billionake worth dollars in march, under 5% of tesla. we are told by these people close to the matter that the fund is interested in exploring how it could be involved in a potential deal. they also say, and this is interesting, discussions were set to begin before the controversial tweet, which will be import

still to come on daybreak australia. plenty more.s is bloomberg. ♪ ♪ biz we are just getting some movement in the aussie -- the kiwi dollar, in reaction to our conversation earlier with z's adrian orr saying that they are not moving out rate cuts, and they are certainly in no rush to be raising interest rates. the kiwi dollar had been falling overnight on these trade concerns, and doma since to be doubling down when it comes to the trade war in china. saying that he is pleased with the kiwi exchange rate behaviors, helping economies in an export driven economy like new zealand. but he said that they are not ruling out a great cut. he said that they are evenly balanced when it comes to the rate outlook there. that conversation taking place at jackson hole. coming up, prime minister position heading in the balance. another vote is coming up in a few hours time. we will get the latest on australia's political turmoil next. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companie

this is "daybreak: australia," asia" is next.omberg. ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. yvonne: we are live from bloomberg headquarters. welcome to "daybreak: asia." day, another record. offset new highs. the s&p closed over 2951st time. trade remains the driver. 2900 for the first time. trade remains the driver. ramy: it is just past 7:00 p.m. on wednesday. clouds are gathering over emerging markets once again. faster credit from the imf. amazon approaches apple's

this m sydney, australia, is "daybreak australia," two the opening of the markets. kathleen hays. stock market u.s., it's all deal. a a trade deal, u.s. and mexico, donald trump announced today, see the dow jones industrial average, by the close, up more than a percent, points. s&p 500 get up 22 points. nasdaq, nearly 72 points. optimism that the trade war dominos are starting to fall. lead to progress on other fronts, heidi? heidi: yeah. suppose, if you look at all he strategies, warning, don't extrapolate this deal with any sort of optimism when it comes to china and the u.s. trump saying now is not the time to talk to children on those trade issues but take a setup in asia with those record highs in the u.s., bit of positive activity through to the asian section. the moment. at percent about a half decline overnight as the safe of mood seemed to recede with a little more risk taking. look positive to build on the previous days' gains and the some , 73.49 giving back of those gains that came through yesterday.ally let's get you the first news with jessica. >> thanks, heidi. $5 f

ramy: i am ramy inocencio in new york, and you're watching "daybreak australia."s watch in asia tends to xiaomi on wednesday in hong kong with its first results since going public last month. stephen engle is tracking all this. what do we expect after its high-profile ipo? stephen: we are really going to be looking for is guidance. late june has been touting this internet ecosystem. they are more than just a hardware maker. he says they are an internet services company in the making, but again, going back to that ipo in early july, that was the biggest concern, especially since they priced the ipo along with those bigger internet firms , valuation that was a bit overpriced. we have seen that as well with the stock price instead. the stock has vacillated right around the ipo price of $17. it went up as high as 21.55, but so inwn in the $17 range, just about five weeks time, the stock has really roller coaster do bit, but it had not broken out, and that stems to the concern that investors have that this is a company that has not necessarily broken from the maker of

you are watching daybreak australia.he s&p will be kicking things off within striking difference of its january record and coming off a fifth weekly gain. su keenan is here. start with the fairly mediocre 3.9% for number, unemployment. it was steady growth. su: economists say is -- say it keeps us in the goldilocks zone. the fed stays on track. let's go to the bloomberg. gtv is where you can find these charts. steady as she goes, payrolls climbed 157,000 in july and the jobless rate fell below 4%. behind the headlines, a lot of economists say even though it is below the growth many economists had forecast, it is a steady growth. it follows an upwardly revised 248,000 increase. the prior two months were revised upwards. one economist said there is a flashing yellow light in terms of the economy as a whole on this, but let's go to the big snapshot issues that will be in focus. oil will be in focus because the iran sanctions are coming on. the s&p rallying for a fifth straight week. numbers that the will be coming our way i

daybreak: europe. day inm. and the trading australia, they shot -- the live shot of sydney arbor -- harbor.ut australian assets because they are taking the headlines. asxaustrian dollar and the 200 falling 0.2% to close weaker. it is in good company in asia but at the lower end of the performance pile in terms of the asian session. the aussie dollar under pressure down by .7 of 1%. it is volatile. -- this in particular has an extra note because of the political drama facing prime minister turnbull. we also see a strong into year yields on the move a little bit this morning. let's get a bloomberg business flash from a lady who is following the story closely, juliette saly. juliette: thank you. saudi aramco is focusing on buying a strategic stake in saudi-based industries putting work on its initial ipo on hold. while the move will delay the ipo, it does not mean the share sale is canceled. the kingdom's energy minister said the government remains committed to the ipo. volkswagen is on the hunt for self driving technology and try to buy a innovations, and autonomous driving startup found out

daybreak: europe." the european open is next. anna: we are watching live pictures from australia.on has been named the new prime minister of australia. this is the new deputy prime minister. he has replaced the foreign minister in a shakeup of the liberal party. this sets the stage for elections in may of next year. this is bloomberg. ♪ a lot of people are anxious about what will happen. about what will happen. xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. guy: good morning. welcome to bloomberg markets, the european open. we are live from our european headquarters in london. i am guy j

australia's largest oil company. woodside petroleum's ceo joins us to stop about plans for further growth. this is bloomberg. ♪ this is bloomberg. ♪ ♪ yvonne: this is "daybreakwoodside petroleum last week lifted its 2018 production forecast to as much as 91 million barrels of oil equivalent. australia's biggest oil company is pressing forward with development of two massive gas fields off of australia. joining us on the line from sydney's woodside ceo, peter cohen. -- peter coleman. great to have you here. last week, you were saying you don't see any upside just so far in terms of the u.s.-china trade tensions, but hopping quickly to the bloomberg terminal, it is interesting to see that u.s. lng exports to china have been falling ever since the start of this year. what specific developments are you looking for that will inform your energy and when this could be an opportunity for you? peter: it is a really interesting question, and i think we will see it play out. china has indicated they are considering putting tariffs on u.s. lng imports, they have not been put in place yet. what it will do is drive buyers to look somewhere else. it is a time of uncertaint

daybreak: asia." all theen watching headlines crossing when it comes to australia and now were learning that malcolm turnbullme minister, has won 48 votes against 35. a quick turnaround after this leadership backing and vacancy that he declared just minutes ago. ramy: solidifying what had been a tense hour or so in terms of some kind of challenge to his position as australian prime minister with the home affairs minister possibly buying for that. malcolm turnbull winning that leadership vote. yvonne: let's get you caught up with first word news with jessica summers from new york. jessica: president trump has said to have complained that they chairman jay powell has not been the policymaker he expected. the fed has height five time since the president took office, including twice this year. he criticized powell saying he was not thrilled with rate increases. blackrock says it saw significant second-quarter slowdown in china's economy after analyzing a wide range of data. the fund managers cam -- cios told bloomberg the pullback was more visible in alternative data dan the government's official pmi rating. sen

this is >> welcome back. .his is daybreak asia >> with the larger of hong -- thato electricity was driven by gains last year. right here in australiat cost the maximum return of 8%. from hongexclusively kong to decrease -- debrief from the earnings. if you take a look at the breakdown, 26% are operating and was largely due to 75% from china and almost doubling the contribution here in australia. he will say it cannot be sustainable. are you optimistic? >> the fundamentals in our business are very strong. we are seeing growth in our market in hong kong and we are australia andin we are continuing to see growth in mainland china and india are it we have had a particularly good first half, but the supply and demand balance is coming more and more into balance, so we will expect to see suffer prices in australia. in china, we had high levels of dispatch because there was very little rainfall. oura couple of factors, first half was particularly strong and we don't see that caring into the first half. also, return will be reducing from october, so in the near term we will see slower reduction in our earnings compared to the first half. l

australia right now. by the university of texas, david fierstein. this is bloomberg. ♪ yvonne: 8:00 a.m. here in hong kong. we are live from bloomberg's asian headquarters. welcome to "bloomberg daybreaknsion eases on wall street. markets shrug off political turmoil at home and abroad. the latest message from the fed, they show a readiness to continue hiking rates. from bloomberg's global headquarters i am ramy inocencio in new york just past 8:00 p.m. on a wednesday. -- on you -- new tariffs are due on both sides in about four hours. recovering resources and luxury travel help qantas post record full-year profits. we will be joined first by ceo alan joyce. ♪ yvonne: seems like you it was a bad day for president trump. today, it is the australian political storm that looms over turmoil. we have learned several of his ministers have quit. his cabinet finance minister certainly will be the big blow to the turmoil. we are waiting for indication of the second challenge and whether he can actually edge up and when the leadership challenge. a lot to watch your on the aussie front. -- watch here on the aussie front. ramy: the aussie dollar is that session lows. if something did happen what d