haidi: good evening. these are your top stories. wall street rose to its highest levels in a week as investors balance poor labor market data with corporate earnings. the worst of the virus damage has now passed. oil endures a wild day as traders await plans for saudi arabia's global price hike. however, concerns about the global got remained -- global glut remain. uber shares rise as it says it is emerging from the virus lockdown. are getting breaking news crossing the bloomberg when it comes to the new zealand budget. the budget deficit of new zealand at 2.6 9 billion kiwi dollars -- 2.69 billion kiwi dollars. the march balanced budget is just about $4 billion less than forecast. annette net crown debt has risen dated march 31. that headline number a shortfall of 2.69 billion kiwi dollars. we know the new zealand economy is better prepared than most in terms of dealing with these extraordinary monetary policy decisions, and the fact that the country went into a very strict an early month-long lockdown, and it has only just emerged

♪ haidi: good morning. i am haidi stroud-watts in sydney alongside shery anh.ashington steps up his attack on beijing saying the coronavirus emanated from a chinese lab. mike pompeo says there has been a cover-up. global affections topped 300 half-million with -- 3.5 million. europe moved to easing lockdowns. of u.s.uffett bails out aviation. he said the coronavirus has changed the airline industry forever. we are getting breaking news across the bloomberg. we have westpac earnings and details with regard to the dividend policy. the first half -- including special, $2.2 billion australian, net margin -- with regard to that decision on the interim dividend, differing a decision to be made -- deferr ing a decision to be made, looking at the impact of the coronavirus slowdown and the credit loss provisions as well. they will move smaller scale businesses into divisions so it looks like restructuring effort. the cash profit, $933 million. the decision to defer the policy. looking at u.s. futures dropping in the asian trade. shery: adding to declines we saw friday,

haidi?aidi: still ahead, more on the saudi move on oil but will it be enough to offset the demand disruption? we would discuss that with the lead analyst. silversteinxt, capital ceo tells us why she is taking with cash and gold right now. this is bloomberg. ♪ shery: amc entertainment sort on reports that amazon is discussing a possible takeover, although the stock paired gains when another outlet cast doubts. the daily mail said it is not clear if talks are active or will eventually lead to a deal. neither amc or amazon made a comment. amc has fallen with the wider entertainment industry battered by the coronavirus restrictions. marriott international fell as business collapsed last month. with travel virtually at a standstill amid the coronavirus, revenue plummeted 90% in april, indicating the company faces a long haul back. marriott reported earnings in the first quarter, well down from average estimates. 25% of its worldwide hotels have been closed by the virus. the coronavirus lockdowns

haidi: a very good morning. i am haidi stroud-watts in sydney alongside shery ahn in new york. we are counting you down to the market open in australia. welcome to "daybreak asia." the coronavirus blame game. the offshore yuan approaching an all-time low. president trump raising the stakes, threatening a fresh round of tariffs on china. asian stocks look set to rise after wall street stages a late rally. oil gains for a fourth day. the dollar strengthening against major peers. co-founder sewing softbank for reneging on a $3 billion deal. shery: take a look at how markets are trading at the moment. we are seeing upside for u.s. futures, kind of flat right now, paring back some of those earlier gains that were already adding to the rally we saw late in the session in the u.s. but paring back some of those gains. kiwi stocks gaining for a second session. sydney futures higher by .3 percent. as we head towards the rba monetary policy decision, not much change expected there although we are hearing from the treasurer that we could see a deep contraction this quarter. we are seeing c

haidi: very good morning. i am haidi stroud-watts in sydney.ting down shery: asia's major market opens. shery:i am shery ahn in new york. china opens its most important political event of the year amid souring u.s. ties and threats of tough new curbs on hong kong. we are in beijing. stocks slide but oil heads for a fourth week of gains with u.s. crude posting its longest winning streak in more than a ye.

♪ haidi: good morning. i am haidi stroud-watts in sydney alongside shery anh in new york.sian markets look set to edge higher as investors renew their appetite for risk. japanese stocks erasing half of virus led losses. global infections topping 4 million with 280,000 deaths. more new shins -- more nations moving to ease curbs. australia expresses to concern over a report china could slip duties on its exports. let's get you started with a quick check of how markets are trading. u.s. futures are under pressure, falling .3%, after the first weekly gain for u.s. stocks in three. this comes after the abysmal u.s. economics data, the highest unemployment rate since the great depression. next messages when it came to trade -- mixed messages when it came to trade. they had a constructive phone call with chinese officials on trade, but president trump casting doubt. we are seeing oil under pressure, down .8%. aroundthe moment holding $24 a barrel. this as we saw the back to back weekly gains since february. let's get to the latest on coronavirus pandemic. mikeberg is being told p

haidi: right. the sense that it would suggest that leadership is less focused on maintaining this idea of needing to hit a certain arbitrary growth number every year as a matter of maintaining face, maintaining these levels of employment that we have long talked about as being necessary for social stability in china? does it mean that they are opening up their perspective to more options in how the restructuring of the economy can plate -- take place? though-- iris: even there is no fixed gdb target -- gdp target, it doesn't mean there aren't any other targets. for example, stimulus. i think they will announce a range of months that actually can let the markets make a profit on the gdp growth. be, i believe there will be targets announced on unemployment this year, just like every year, especially on fresh graduate. will ascertain the society that unemployment rates will be kept stable, even though it is high. the will be kept stable. i think that there will be some numerical targets there. but not

♪ haidi: good morning. i am haidi stroud-watts in sydney alongside shery anh.hese are your top headlines for u.s. stocks survived the last minute stumble as virus reopening optimism outweighed cautious comments from the federal reserve. oil maintains its recovery from last month plunge as more economies -- last month's plunge as more economies exit lockdown. 255,000 people now dead. china hits back at u.s. criticism saying the trump administration is lying. u.s.: we are seeing futures flat at the moment after stocks gained for two consecutive sessions. we have seen sentiment being boosted as economies move towards easing the lockdown, cautionary comments from fed officials cutting the gains in half. health care, utilities and games cut in half area energy was a gainer. look at wti, adding to the gains of the regular session in new york. it had gained 20%, at the moment above $25 a barrel, the highest in over two weeks and the longest winning streak in nine months. production is starting to ease. walked up being felt across markets. -- lockdowns being felt acros

haidi. haidi: all right. "daybreak asia," get reaction to china's security law proposals for hong kong. we will be joined by the former democratic party chairperson, emily now, and the market opens our up next. this is bloomberg. ♪ haidi: i'm in sydney. ages major markets have just opened for trade. david: i am david ingles. welcome to "daybreak asia." david: top stories right now -- ok. we are trying to get into sink there. --sync there. beijing insists the judges will remain independent. are looking to follow u.s. futures higher as investors are balancing the opening against the tensions between the u.s. and china. scott morrison addressing the -- post-pandemic outlook. heidi, your turn. -- haidi, your turn. haidi: breaking news. the final reading for the first quarter, singapore gdp numbered not as bad as expected. a contraction of just 4.7% in the first quarter. much better than expectations. expectation was a contraction of over 8%. a bounce back. negative, also better than expected. 1.6% contraction was

this is bloomberg. ♪ haidi: i am haidi stroud-watts in sydney. eight has major market openings. rishaad: i'm shery ahn -- shery: i'm shery ahn. the u.s. is set to begin major legislation to crack down on beijing. exclusive rally in u.s. stocks sending

♪ haidi: very good morning. i am haidi stroud-watts in sydney.hery: i am shery a very welcome -- shery anh. welcome to daybreak australia. haidi: the world health organization steps of the blame game. peter navarro says china sent people around the world to conceive the virus. 314,000.e now over the great is slowing -- rate is slowing in the u.s. the virus is not helping australia and if -- barley has become a new flashpoint. shery: let's see how asia is shaping up. sophie: after a choppy week for asian stocks with the msci aipac index snapping a two-week advance, futures are mixed but mostly lower going into china's npc. japan as well as thailand are going to publish first quarter gdp numbers. japan may have fallen into a recession through the yen trading steady ahead of the asset managers -- steady. the asset managers have boosted it five straight weeks. we will get policy decisions from thailand and indonesia when bets are raising that major central banks could be forced to embrace a good of rates. theble under pressure after chief economist o

haidi: and i am haidi stroud-watts in sydney. welcome to "daybreak australia." china rebuffs u.s.riticism of his virus response saying washington is shirking its responsibilities and initial optimism over a vaccine is draining away. global cases approaching 5 million. brazil is the world's pandemic hotspot. infections in india rising at the fastest in asia. the fed chief is staying neutral on u.s. aid, dodging senate attempts to make him take sides. he says more help would be needed but stopped short of a full endorsement. shery: we are seeing further afterre of u.s. futures stocks fell to the last part of the trading session. we have had a strong start in week but there was a report on moderna's vaccine study did not produce enough critical data to -- ss its success. there are similar patterns with drug makers like gilead. we saw the selloff. the s&p 500 fell for the first time in four sessions for the nasdaq was outperforming at one point but turned negative. look at what oil is doing, seeing wti above the $30 a barrel level after closing at the highest in nearly two months. we

♪ haidi: good morning. i'm haidi stroud-watts in sitting alongside shery ahn in new york.he coronavirus playing game sees it go to an all-time low. president trump raises the stakes, threatening a fresh round of tariffs on china. u.s. stocks staged a late rally as california prepares to reopen. oil is also rising, getting 44th consecutive day. there's a bleak picture emerging in australia. the virus fallout is hitting gdp by 10%, wiping $32 billion from the economy. shery: let's get you started with a quick check of how the markets are trading at the moment. we are seeing more gains for u.s. futures, up 1/10 of 1%. this extending those gains after the regular session so i late rally in new york on monday. it is another big earnings week. we have more than 160 s&p 500 companies reporting this week. higher by0 was led energy, tech and utilities. we did see pressure from u.s. airlines, that fell after warren buffett set after the weekend they have sold out. wti that the moment, we are seeing more upside which is now above the $21 a barrel. we are seeing five sessions of gains

haidi: last question in terms of the beaten down sectors.you are a long-term investor, would you be adding to positions like in disney, big oil given evaluations we are seeing, knowing we won't see a recovery in the next one, to, three years ? longer-term, these big companies with solid balance sheets that will survive? think it is a great idea. the companies that have been beaten down but have solid balance sheets are great investment screen we are cautious when we look at companies that have been beaten down that don't have balance sheets that are as great. that is where you have to be careful and you will see a wide spread between the returns. would not be surprised if one of the airlines ended up going under in the u.s.. but if you pick one that survives, there is great returns to be made over the next three to five years. you have to be careful where you put your money but there are opportunities out there. great to have you with us. thank you for your views. a there was -- the rbnz's overnight cash rate is likely to be the only thing u

haidi. that is really not likely to lend much of a lead when it comes to here in asia. a pretty mixed session. a great deal of uncertainty as we are awaiting the friday press conference from president trump. he says he will be announcing a policy response to that security law being passed by the npc with regards to hong kong. we had the president of course when itwhen -- turmoil comes to the signing of the executive order looking to potentially weaken or create more liability exposure for some of these tech companies and social media companies. in asia, it is pretty mixed. futures little changed in japan after gains of more than 2% for the nikkei 225 yesterday. four days of gains when it comes to asia-pacific stocks as it is. futures are slipping .3% when it comes to trading in australia. edging a little bit higher when it comes to hong kong so we will continue to watch given we did see that late session in the u.s. could be a choppy session ahead in asia as well. president trump says he wil

what sort of arrangements and haidi: -- haidi: what sort of arrangements are had around work arrangementsoken to people at large companies in sydney. a lot of them say if they were to properly maintain social distancing, there's no way they capacity oflf the the normal workplace back to work, there simply isn't the space. are you hearing these conversations being held on problem-solving? >> we certainly in the short term, there will be operational impacts as to how we safely get our people and also our customers' people back to the office safely and acknowledging and respecting social distancing requirements due to the text of legislation. public transport is also a consideration. as i have said, we are inserted in temporary phase -- we are the sort of a temporary phase. we are seeing an evolution of what is required in terms of social distancing in the workplace is evolving as the knowledge and understanding of the transition works and really as the government gets better control around the health. the government and regulatory boards see getting people back into the office as important

haidi. top u.s.nd chinese trade officials will speak as early as next week about progress on the implementation of the phase i trade deal. this comes after president trump threatened to "terminate the agreement" if beijing was not sticking to the terms. bloomberg's congressional government reporter, emily wilkins, joins us from washington with the details. it is all looking a bit muddy, as we get this to and fro over the origins of the virus. there's been threats of potentially more tariffs on china from the white house. it will be interesting how these talks go. emily: absolutely. i mean, we have seen a bunch of rising tensions between the u.s. and china because of the coronavirus. other.des blaming each both sides trying to say the other one is not handling the situation correct. at one point, there was a question about what would happen with the trade deal. the announcement today that robert lighthizer and the chinese vice premier are expected to meet next week and half ahead of schedule, i think

♪ haidi: good morning. i am haidi stroud-watts in sydney. shery: i am shery anh in new york.ur top stories this hour, the white house steps up the pandemic blame game. sentg china deliberately people around the world to spread the coronavirus. u.s. cases are slowing while asia braces for a second wave. this hour brings the latest check on the japanese economy, we await gdp growth numbers in a quarter dominated by the outbreak. let's take a look at markets as we set up the trading session. we are seeing this with u.s. futures. back-and-forth between washington and beijing really dominating our can sentiment at the moment. seeing new zealand trading on , as new zealand moves out of the restrictions. positive upside, .6% higher for australia futures going into the start of trading today. we are watching the yen, which has been seeing strength. looking at positioning by money positionsnet long yen are being extended. there could be further upside with the japanese currency. seeing upside continue with wti. gains ineen the recent oil, shery. shery: we see more economies reopen and

haidi: i am haidi stroud-watts in sydney. we are counting you down to eight has major market openings. rishaad: i'm shery ahn -- shery: i'm shery ahn. the u.s. is set to begin major legislation to crack down on beijing. exclusive rally in u.s. stocks sending the s&p 500 index to session lows in the final half-hour. asian markets face an uncertain retention ofs want u.s. actions. meanwhile, hong kong braces for what could be the biggest protesting month as the city government needs to discuss criminalizing disrespect for china's national anthem. haidi: let's get a look at the markets, which are being jolted by prospects of more u.s.-china tensions, the prospect of these further sanctions from washington to beijing as well as key developments in hong kong as we get the second reading of this controversial bill as well as the expectations of more protests. held by newg upside zealand markets. we heard from the annual testimony report there could be more mobility to the country's financial institutions, hearing from the governor.

haidi: very good morning. i am haidi stroud-watts in sydney. we are counting down shery: asia's major market opens. shery:i am shery ahn in new york. china opens its most important political event of the year amid souring u.s. ties and threats of tough new curbs on hong kong. we are in beijing. stocks slide but oil heads for a fourth week of gains with u.s. crude posting its longest winning streak in more than a year. opec's cuts may be draining the glut. the bank of japan prepares for unscheduled talks as the coronavirus keeps extra pressure on the economy. help for small business tops the agenda. downside are seeing a start to trading on this final friday session of the week. overwhelmingly, the concern over these escalating tensions between washington and beijing, and now also, beijing's expected move to impose the national security law on hong kong and we are watching, in particular, the start of mainland trading as well as hong kong trading and trading in the hong kong dollar but in the meantime, we are seeing a downside view when it comes

haidi?the early results from the experiments of vaccine are showing signs it could create an immune system response to fend off the coronavirus. the results of an initial study to determine the safety of human volunteers, the ceo told us what is next. phase one with efforts. the next study is phase two. around 600 healthy subjects which should start very soon. the u.s. has just given us the green light. we said this morning that we are finalizing the protocols for phase three which is the last clinical study. which we are hoping to start in july of this year. the study would be several thousand healthy subjects across many countries. we are finalizing it as we speak. we are hoping people can stop in enrolling all those people in the study. getting a good sense of the efficacy of the vaccine and commission approval. how manyms of data, doses does it look like the drug will need to be used in? theerms of antibodies, levels that regulators are looking for to establish benchmarks of success, wha

haidi: welcome to "daybreak asia ." i am haidi stroud-watts in sydney along 10 shery ahn in new york. we are counting you down to market opens in australia, japan, and south korea. the white house pushes the u.s. to reopen but stocks fall as top disease officials warned against moving too fast. anthony fauci sees a new spike in infections. oil retreats from a five-week high as virus caution focuses on weak demand. the u.s. revised down its revised forecast for this year and next. the outlook for automakers in a post-virus world. we look at the prospects of japan -- the boss of lamborghini. shery: breaking news out of south korea. we are getting the unemployment rate for the month of april, coming in at 3.8%. this would be below expectations of more than 4% and at the same level than in the previous month. south korea of course has implemented big fiscal measures, not to mention the relaxation of social distancing measures and president moon jae-in asking his ministers to swiftly draw up a third budget. he has announced

haidi: a very good morning. i am haidi stroud-watts in sydney alongside shery ahn in new york. we are counting you down to the market opens in australia and south korea. welcome to "daybreak asia." top stories this hour, asian-pacific stocks look set for another -- tempered byimism caution from the federal reserve. oil maintains its recovery from last month's epic plunge as more economies emerge from lockdowns and production curbs start to trim the global glut. few smiles and the magic kingdom. disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. shery: a quick check of the market. this after u.s. stocks gained ground for a second day in the regular session. we have sentiment being boosted as more economies move towards easing lockdowns. still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. new zealand stock scanning .8%. this would be a third session of gains. therir rate. rate.ir we have the rba leave rates unchanged. we are looking forward to retail sales numbers very soo

haidi: i am haidi stroud-watts in sydney.ur top stories, china rejects a planned economy and said the market will decide. one warning the u.s. could be andgering a new cold war reaffirming its red line over taiwan. more deaths from the coronavirus as cases approach 5.5 million. the u.s. bans entry from brazil. violence returns to hong kong as protesters announced china's new security law. washington said it could be the death knell for asia's leading financial center. david: quite a stark and dramatic drop. we will talk about that more. risk off, a lot of markets are closed today. we are off a few points for the s&p, nasdaq and dow. whiteutes or so, the house saying trump is restricting entry from brazil. there is a 1% retracement in the bloomberg dollar index, higher as we go through. you can see downside following the 2% less drop we had on friday. indi: and given is holidays the u.s. and singapore, trading for the futures session in asia. we are seeing modest upside going into the start of trading in tokyo, korea and austr

haidi: a very good morning. i am haidi stroud-watts in sydney alongside shery ahn in new york. u.s. stocks fall for the first time in three days amid mixed earnings and worsening and economic data. american companies cut a record 20 million jobs last month. oil snaps a five day rally. futures slipping after doubling in value from a week ago. coronavirus cases continue to rise as the fallout cripples the global economy. avoid itsbe forced to growth targets for the year. shery: let's get a quick check of the markets. we are seeing u.s. futures rising a 10th of 1%. this after u.s. stocks fell for the first time in three days. we have a mixed corporate bag of earnings. not to mention worsening economic data. u.s. companies cutting a record 20.2 million jobs in april. tone comingsk off from increased coronavirus cases and deaths in italy and new york. 10 year yield at the highest level in three weeks. the u.s. has increased the amount of debt plans to issue in quarterly refunding options. we have the s&p 500 falling 7/10 of 1%. utilities and energy leading the decline. let's take a look

haidi: i'm haidi stroud-watts in sydney. australia."daybreak china approves new security laws for hong kong, defying u.s. criticism and insisting they ensure fundamental freedoms. president trump will comment on friday. u.s. stocks finishing the session lower as investors weigh a reaction that could further destabilize the global economy. and huawei vows to continue its campaign against u.s. restrictions on tech. we will be hearing from the security chief a little bit later on this hour. shery: let's get you started with a quick check and how the markets are trading. u.s. futures are down a 10th of 1%. we saw a fade in u.s. stocks, giving up their gains after president trump announced the executive order targeting social media companies. this coming at a time when u.s.-china trade tensions continue to rise. we are seeing tensions over hong kong. the s&p 500 fell for the first time in four days, and recent out performers, like bank and energy stocks, fell 4.6%. twitter falling almost 5%. we did get encouraging news with better-than-expec

haidi: a very good morning. i am haidi stroud-watts in sydney and we are counting down to is his major market opens. -- asia's major market opens. shery: hong kong's future is in doubt as washington says it is no longer separate from china. trade relations in the city's special status may come under review. u.s. stocks looked to boost asia on rising optimism that the coronavirus fallout has peaked. the s&p 500 pushed past the 3000 barrier. softbank is said to be planning deep cuts at the vision fund which could affect 10% global staff, souring bets on tech are takingke -- their toll. haidi: a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. we are seeing new zealand markets starting off the day with tepid gains. the session looks a little bit more muted for the rest of asia. we are seeing japanese

♪ haidi: good morning, i am haidi stroud-watts in sydney alongside shery anh great we are counting youown to the market open in south korea. let's get you top stories. investor sentiment remains weak with u.s. futures down in early trading, the aussie dollar falling. oil is under renewed pressure. the global virus infections topping 3.5 million with deaths around 250,000. the u.s. planes china. -- blames china. warren buffett bails out of u.s. aviation. he says the coronavirus has changed the airline industry forever. shery: breaking news out of south korea, getting consumer price inflations. it is an deflation territory. this is now a contraction of 0.6%. this is a bigger decelerations when itt was expected. comes to the year on year figure, a little bit better, still accelerating, 0.1%. suffice it to say there is a lot of pressure on consumer prices and we have had social distancing measures continue to dampen command -- demand. you strip out a little bit of energyactors including factors, cpi still accelerating 0.3% but missing expectations. this would lead to more pressure on the b

haidi: let's get more analysis.ng in the director of equity asia research at morningstar. great to have you with us. you say when it comes to china, you are more optimistic on prospects of their economic recovery. we just heard from the chinese finance ministers saying he sees a significant hit to fiscal revenue for china when it comes to 2020. i'm curious about your reasons for expectations of may a quicker or more robust than expected recovery? clarify that we are actually more -- we are coming from a very low point in our china forecast, well below consensus. we had originally forecast for china gdp to decline 2.4% in 2020. now we are looking at a slightly lesser decline of 2.1%. it is a very steep contraction on a relative basis to its recent history. we will say that what we are seeing is the activity seems to have picked up in that space. indications from china is this couple of months, particularly from march to april. that's one of the reasons we are changing our forecast slightly. i want to get through some

haidi.ountries are set to further lift their lockdown measures. nhk reports japan is set to end it's a state of emergency and osaka while india is allowing airlines to resume flights despite a surge in infections. let's get to yvonne with more. that's start off with japan. are we seeing signs of progress? yvonne: osaka, according to reports, should be lifted along with two other prefectures in western japan. is slightly earlier. these emergency measures were set to expire at the end of this month so they could join the rest of the 39 prefectures where emergency measures were lifted a week ago but tokyo and some surrounding areas and hokkaido will continue its state of continues to see multiple -- sent to meet with the government panel on that decision. over to india, they are allowing airlines to resume domestic flights as early as next week so this is continues to see exactly two months after a lockdown grounded 650 planes in the country. the prime minister trying to gradually restart the e

haidi: and i am howey stroud-watts -- haidi stroud-watts in sydney. welcome to "daybreak asia." this hour, u.s. futures fall. the outpouring of anger may threaten the post-virus recovery that was already fraught with risk. asian markets enter the second half in an uncertain move. the protests adding to geopolitical tensions and the coronavirus upheaval and threaten any potential investor of optimism. the u.s. puts hong kong's future in question, saying there is no reason to maintain the city's special trading status. beijing says washington's campaign is bound to fail. shery: breaking news out of south korea. we are getting the trade numbers out of the global bellwether when it comes to these trade numbers for the month of may. exports year on year plunging 23.7%. a smaller plunge than expected. we are still talking about a double-digit plunge following those declines of 24% in the month of april. this will be the second largest drop since the global financial crisis. also when it comes to imports, a plunge of 21.1%. again, worse than expected. worse than the month of april as w

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting you down to the start of trading. shery: welcome to "daybreak asia ." asian markets set to rise amid positive signs for an experimental vaccine. oil rises to pre-lockdown levels with china's demand all but recovered. softbank loses aliens of start billions of startups. throws its weight behind the world health organization and says any vaccine success will be shared by all. president xi says cooperation is vital. it was really this help vaccine -- help on this vaccine obnoxious safety but also the immune response effort to see vaccine -- that really de u.s. stocks higher. we did have the s&p gaining more than 3%. u.s. stocks surging the most in six weeks on the promising early results. that has led to a pretty steady sense of positivity. we are seeing u.s. futures as well as trading in new zealand. australian futures among one of the asian features that are trading up by over 2%. in fact, the highest since march 11. we are seeing highs for hong kong and japan futures g

am haidi more -- haidi. are close raising half of their virus red -- led losses. 280,000 deaths. more nations are moving -- moving to ease curves. china is ready to introduce more powerful stimulus to counter the buyers threat to the economy. the pboc says the country favors an unprecedented -- faces an unprecedented challenge. we are starting a new week across asia with economic data and central-bank decisions. let's turn to sophie for what to watch. kicking it off with the mood in tokyo. mitsubishi is heavy. nissan steel is among names to report. stocks are nearly halfway to recovery. the yen is edging lower for a third straight session. let's turn to south korea. we are seeing trade. the benchmark is up more than 30% from its march low. this is from the impact of the virus. we are looking at a risk of a second wave of infections. the korean won holding steady here. in april 29 hi. over in sydney, after a two week advance, opening higher by a third of 1%. we are seeing the yield curve steepen between a gap

haidi: i'm haidi stroud-watts. welcome to daybreak australia. here are your top stories.hina hits becca criticism for its plans for hong kong, saying the national security push will not change. beijing insisting they will remain independent. the coronavirus with the death rate declining. japan lifts its emergency measures in tokyo, saying there's no need for further restrictions. scott morrison addresses the pandemic file that later. he is being told he has a once in a generation chance to reform the australian economy. consider.s to as we get underway this tuesday morning in the asia-pacific, keep in mind lots of markets were closed monday including the u.s. the futures, to use that is any guide, we can almost say we are in the asia-pacific. we are getting this coming online. up 30 points clear of where you last traded on the s&p back on friday, in terms of the cash market. spy futures indicating a big pop. on top of the best day on monday. highs. march 111 philip the board and take a look at the currency markets with ecb in focus and perhaps we are getting signals and s

haidi: i am haidi stroud-watts in sydney. major markets in asia have just started trading.erg daybreak: asia." china rejecting a planned economy saying the markets will decide. it is also crashing down on hong kong and reaffirming its redline over taiwan. oil slips as traders assess u.s.-china tensions and the prospects for a post-virus recovery. beijing warns washington against a new cold war. japan is expected to lift the state of emergency in tokyo, with the virus simulate under control. prime minister shinzo abe warns of a potential second wave. >> do you reopen with that threat in mind and how do you reopen? we will talk more about this byetable and the method which japan is looking to reopen their economy. meantime, consistently pointed out by futures were up 1% on both major benchmarks in japan. japan is pretty much the only one left in terms of your earnings for today. food runs a lot -- moss food runs a lot of hamburger chains. we will talk about earnings later. 10 year yield flat. south korea is opening as well. take a look at the kospi decks. -- index. one line f

haidi: good morning. welcome to "daybreak australia." amid concernebound about bleak economic data and rising trade tensions. global virus cases approaching 4.5 million, with deaths above 300,000. u.s. infections rise more than expected. asia thanks a second wave is coming. stay talks with potential suitors are progressing well. let's take a look at how we are checking up on this friday session of the week. we had a pretty good lead, i'll be at a volatile session on wall street. volatile section on wall street. u.s. stocks falling after president trump said he did not want to talk about trade issues with xi jinping. going into the close, we saw a surge in oil prices, energy stocks, as well as beaten down bank and financial shares leading those gains. we are setting up for a pretty positive open here in asia. in new zealand, we are seeing trading get underway. it looks like we could pick up gains after two days of losses. we are seeing a positive lead when it comes to trading futures in japan, in hong kong, and in australia. it is a big d

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting you down to asia's major market opens. shery: welcome to "daybreak asia ." china rebuffs the latest u.s. criticism of its virus response, saying washington is shirking its responsibilities. optimism over a vaccine may be draining away. global cases approach 5 million with 320,000 deaths. brazil is the worst pandemic hotspot while infections in india rise at the fastest pace in asia. zealand'snks -- new post-virus recovery. we are joined this hour by the rbnz governor, adrian or. -- orr. haidi: let's take a quick look at markets. we saw that exuberance over the moderna vaccine progress really dissipate quickly. we saw the late session swing when it comes to trading in the u.s. as it has concerns over the efficacy data from moderna causing some concern. take a look at the futures in asia. we are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on t

haidi: a very good morning.troud-watts in sydney and we are counting down to is his major market opens. -- asia's major market opens. shery: hong kong's future is in doubt as washington says it is no longer separate from china. trade relations in the city's special status may come under review. u.s. stocks looked to boost asia on rising optimism that the coronavirus fallout has peaked. the s&p 5

haidi: and i am haidi stroud-watts in sydney. welcome to "daybreak australia." china rebuffs u.s.his virus response saying washington is shirking its responsibilities and initial optimism over a vaccine is draining away. global

. ♪ ♪ haidi: good morning. i am haidi stroud-watts in sydney alongside shery anh.adlines for u.s. stocks survived the last minute stumble as virus reopening optimism outweighed cautious comments from the federal reserve. oil maintains its recovery from last month plunge as more economies -- last month's

kamaruddin in hong kong alongside haidi stroud-watts. we are counting down to the opens in australia, japan, and south korea. look set to rise on indications china's recovery is picking up speed. u.s. shares gained. banks and energy leading the way. global virus cases approach 4.5 million with deaths above 300 thousand. u.s. infections rise more than expected. asia, a second wave is coming. japan's biggest banks are expected to join their global counterparts in bad loan costs. they could see the highest in a decade. take -- haidi: let's take a look at how we are setting up our final friday session. positively from wall street after a pretty volatile session. u.s. stocks faltered early on when president trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. in the beaten-down bank stocks as well as energy names gaining on account of this jump we saw in crude prices. we are setting up positivity. futures, both in australia and hong kong, and also in japan, setting up for a higher open,

haidi: a very good morning. i am haidi stroud-watts in sydney alongside shery ahn in new york. u.s.fall for the first time in three days amid mixed earnings and worsening and economic data. american companies cut a record 20 million jobs last month. oil snaps a five day rally. futures slipping after doubling in value from a week ago. coronavirus

haidi: i am haidi stroud-watts in sydney. these are your top stories this hour. the u.s.nge of sanctions on chinese officials and businesses over beijing's crackdown on hong kong. the white house doubts the city's tu

. ♪ ♪ haidi: good morning. i'm haidi stroud-watts in sitting alongside shery ahn in new york.laying game sees it go to an all-time low. president trump raises the stakes, threatening a fresh round of tariffs on china. u.s. stocks staged a late rally as california prepares to reopen. oil is also rising, getting 44th consecutive day. there's a bleak pictur

haidi: i'm haidi stroud-watts in sydney. australia."na approves new security laws for hong kong, defying u.s. criticism and insisting they ensure fundamental freedoms. president trump will comment on friday. u.s. stocks finishing the session lower

haidi: welcome to "daybreak australia." these are your top stories. its most important political event of the year amid threats of tough new curbs on hong kong. we are live in beijing. markets slide but oil heads for a third week of gains

haidi: yes, that's right. else thats something perhaps emerging markets does not need now, is this revival of the trade war between the u.s. and china. coming up, still ahead, s&p 500 dividends may fall short of last year and take until 2027 at best. we discussed the payout pessimism next. tesla is saying it is re-charting -- restarting production in fremont, defined county rules. we look at elon musk and his standoff of california officials. this is bloomberg. ♪ >> let's get back to china-u.s. trade tensions as we hear from state media in beijing that china may be weighing potentially avoiding the phase one trade dell. let's get to bloomberg markets coanchor tom mackenzie in beijing. what is the globe times saying? a state backed tablet here in china. they are citing officials -- tabloid. they are citing official suggesting that maybe the chinese side is considering the possibility of avoiding the phase one deal the paper says chinese trade officials are angry about the u.s. accusations over china's handling

. ♪ morning.od i am haidi stroud-watts in sydney where these are your top stories.se pushes the u.s. to reopen but stocks falling as the top disease official warns against moving too fast. he says that could trigger a new spike in infections. oil extends its recent rally after the u.s. lowered its output forecast for this year. futures in new york sur

haidi: welcome to daybreak australia. here are your top stories this hour. here are your top u.s.boost asia

. ♪ >> haidi: good evening. these are your top stories.et rose to its highest levels in a week as investors balance poor labor market data with corporate earnings. the worst of the virus damage has now passed. oil endures a wild day as traders await plans for saudi arabia's global price hike.