haidi: quite a bird of drama overnight. we just heard in the last hour or so this is a security partnership between the us, uk, and austrlaia. staging becomes more confident and aggressive in its territorial investing -- investments around the region. australia will acquire summary technology nuclear powered which signals an end of its deal with france. they are getting more on the top story shortly. shery-ahn: that is quite something. let's see how the headlines will affect the markets sophie with a preview of what to watch. sophie: we will be watching utility stocks. what is going on with the backdrop today. stocks not moving very much and we have the gdp data due later this hour. i had of that, we have markets pricing for rate hikes in october and november with a possibility of 50 basis points hiking next month with auckland restrictions eased. i checked on the aussie dollar ahead of jobs data. we have a aussie dollar staying above 73 this morning but they see a push to 80, 85 in the next 12 months on a full recovery and

haidi: always great to have you.ure investors are pledging -- this is the private sector taking things into their own hands? >> exactly. investors are looking to cut into 1.2 million tons out of their carbon portfolio. it's a 40% reduction on 2019 levels. they say that is on track to make it carbon neutral. he said the next decade is going to be the most important time to reach that goal not only for them but for their investors. they are not making any new bets on the fuel. they are trying to make sure all new investments consider climate change and physical risk. haidi: coming up in the next hour, them -- the talk about the impact when it comes to dislocations in global supply chain as a result of the delta outbreak. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to prote

haidi: welcome to daybreak asia." i'm haidi stroud-watts in sydney.'m sophie cameroon in hong kong. we are counting down to the major open. shery: good evening from new york, i am shery ahn. asian stocks set to follow wall street lower as growth concerns linger. treasuries jumping on weaker than expected u.s. inflation. apple's iphone launch

haidi: certainly, we are watching -- this developing crisis. haidi: certainly.will be getting more from the united nations general assembly underway including china's man's to stop building power plants abroad and their intention to support developing nations transition to green energy as well. lots more to come. this is bloomberg. ♪ >> this is a moment when the world has to decide whether it wants to grow up or not. to make a crucial change or not. pres. biden: the united states will double our financing to help developing nations tackle the climate crisis. today, i am proud to announce we will work with the congress to double that number again. >> it will act as an un-blocker. >> our goal of achieving climate neutrality. >> korea will scale up and set up a green no-deal trust fund with a view to supporting the work of global green growth institute. >> carbon dioxide emissions before 2030. and achieve carbon neutrality before 2060. shery: world leaders talking about their respective commitments to climate change at the general assembly. let's bring in our bloom

haidi. haidi: still ahead, japan's ruling party will pick a new leader today with a winner set to become prime minister. we'll get a preview of what to expect coming up later. coming up next, b.m.o. family officer carol m. schleif helping us sort through what she calls a mind-blowing quantity of stuff for traders to ponder this week. this is bloomberg. bloomberg. ♪ ♪ >> it is imperative that congress address the debt limit. >> it is essential to raise the debt ceiling in time to avoid payment defaults of any kind. disbnchts if not, our current estimate is the treasury will likely exhaust its extraordinary measures by october 18. >> potential effects could be severe. >> america would default for the first time in history. the full faith and credit of the united states would be impaired and our country would likely face a financial crisis and economic recession as a result. haidi: treasury secretary janet yellen and fed chairman jerome powell on the debt ceiling saga. congress keeps hearing th

haidi, shery. haidi: thank you, david. have more from david, the china open is almost upon us. this is bloomberg. ♪ david: good morning, it's 9:00 a.m., welcome to "bloomberg markets open," i'm david ingles. your top stories today, u.s. lifted chinese tech extending gains overnight. they hope the worst of beijing's crackdowns are over. at least for now. analysts are increasingly worried that china's attempting to cool the prop

haidi: hang on a moment.the managing partner of the venture capital firm investing in a space startup. she was an early investor in spacex. she joins us from houston where you are watching with norma's excitement. orbital will spaceflight underway. you talked about the significance of this. up until this point you said 95% of people in space have been professional astronaut. you see a world where 95% will be normal people. how scalable is this? guest: there are a lot of factors in that. a lot of it has to do with competition like with any business sector. elon and spacex are doing a phenomenal job but there are companies coming up that will soon have human orbital launch capabilities, and as we have competition, we will see prices come down. as spacex continues to innovate, as the starship comes online, we will see prices fall even further. i envision a world where your normal family is deciding whether they want to go to disney world or outer space. i think that affordability is on the horizon. shery: why no

haidi.di: still ahead, ray dalio says the evergrande debt crisis is manageable as investors get hurt. we will hear on the co-chairman next. this is bloomberg. bloomberg. shery: you're watching "daybreak: australia." time for morning calls ahead of the asia trading day. we're looking ahead to the fomc meeting, fed chair jerome powell facing the challenge of convincing investors that plans to scale back asset purchases aren't a runway to raising traits for the first time -- interest rates for the first time since 2018. the fed is expected to hold interest rates on wednesday while telegraphing tapering of bond purchases. one third of economists is your vlade by bloomberg see that hint being followed by a formal announcement in november, haidi. haidi: yeah. and turning to china as of course markets reopening for trade later after that two-day holiday. b.o.a. securities has cut its forecast when it comes to economic growth and sees china's economy growing 8% in 2021. and then 5.3% next year. they

good morning, haidi.what is basically like the cabinet, part of a policy, as you sit, to reduce abortion. again, it is still vague, but if you look at it against the backdrop of one of the stories in china this year, which is the population slow down and the demographics. a relentless amount of policy messaging just aimed at the idea that they need to get chinese women to have more babies. anchor: so what exactly are the guidelines saying now? isbella: it can be one of those things that chinese policymakers often do, say something and maybe come back and finesse it a bit more, but i think it is quite clear that they do have this goal, as i mentioned before, trying to get women to have children, because nothing is really sticking. it is really at that point where many women see having children as too expensive. they just want to enjoy life. maybe they just want to have one child, and that is really not enough to make up for the shortfall of children that is the result of the one child policy that china is

haidi: welcome to "daybreak: asia," i am haidi stroud-watts in sydney. sophie: i am sophie kamaruddin in singapore. shery: and in hong kong, i am shery ahn. markets await u.s. inflation data after wall street snaps of five-day losing streak. japanese leadership front runner kono gets abused by learning that he earned the potential backing of a rival. and public protests are raising the stakes for beijing. haidi: will get more on that story on evergrande in a moment but it is front and center when it comes to the u.s. inflation. the consumer inflation print is in focus for investors. when you look at u.s. inflation versus the rest of the world, that is the u.s. there and read. japan down below in the darker yellow. could this inflationary pressure be idiosyncratic, a u.s. thing? monetary policy stimulus that has gone into the economy, because of that elevated level of demand, does that mean that transitory come down could be steeper than we have seen other economies? a lot to speak about as we wait for that key data print. shery: the u.s. attorney open fo

haidi: that's the latest on the virus. next, opec-plus sticking to its planned production hikes and one of those united decisions. they say there are signs of softer demand next year. we have lots more ahead. this is bloomberg. ♪ kathleen: time for morning calls. let's kick it off with a bullish call on the aussie dollar. citibank recommending going long aussie following the rally in the kiwi. their chief check set -- ethic strategist said it was identical to what they have seen last december. now let's go to the commodity space. ubs says, time to go long brent. pick up longer oil contracts. ubs and -- knows that oil stocks will benefit from the economic reopening and those assets have yet to fully reflect the price recovery. haidi: staying with oil, opec and allies agreeing to stick to their existing plans for gradual monthly oil production increases . this has ratified the 400,000 barrel supply schedule. let's bring in daniel hynes. given how contentious this has been, this was a surprise. you don't think that this level

haidi: welcome to daybreak asia." i'm haidi stroud-watts in sydney. sophie: i'm sophie cameroon in hong kong. we are counting down to the major open. shery: good evening from new york, i am shery ahn. asian stocks set to follow wall street lower as growth concerns linger. treasuries jumping on weaker than expected u.s. inflation. apple's iphone launch fails to impress investors. i shares of the cham -- shares of the tech giant and investors slumped. morgan stanley's australia summit gets underway. the key drivers of industry disruption with richar wagner. breaking news out of south korea. we are getting the jobless figures for south korea. dropping to a record low of 2.8% for the month of august. the estimate was for the rate to come in at 3.5%. it is falling to a record low of 2.8%. much lower than the previous month. this is an unexpected fall. defying economist expectations of a rise. we have seen the virus related restrictions. we are wondering how it will affect the jobless rate. perhaps it will be a decline in labor force, with people waiting ou

haidi: an extraordinary element. we have been following this story for so long and you see on the screen that carefully calibrated, celebratory home come -- homecoming as she landed on chinese soil. take a listen to some of her remarks when she landed. >> after more than 1000 days of suffering, i finally returned to my home country. the long wait in a foreign country was very torturous. but when i step down the boarding steps and had my seat -- had my feet on the ground, the warmth of the homeland filled me with excitement beyond words. i am back. shery: another event that will cause some geopolitical waves around the world is the german election, given that we have had 16 years of chancellor angela merkel leading that centrist leadership. this german election and what it could mean going forward for europe's biggest economy, for europe and for the west is a key concern. we have heard president biden commenting at the white house just a few minutes ago saying the social democrats are a solid party. haidi: in fact, th

haidi: yeah. the hawingish side of course kaplan, his replacement will we get a more dovish fed and what does that mean for the broader trajectory, right? there are also lots of questions saying it's an opportunity to add more diversity onto the makeup of the fed as well. but of course the other big story, shery, that no doubt the fed and every central bank will be focusing on is what's becoming a global energy crisis. it began in europe. we saw that shortage of natural gas. analysts now saying that we could have eating, blackout problems going into potentially a very cold winter. and it's not just europe now. we've been talking about the energy crisis in china potentially already causing blackouts in homes. not just factories n. part of the country, parts of the country and of course when it comes to india as well, we're hearing that some of the coal plants are running dangerously low on shipments and inventory. shery: we've been so focused on what's happening in the monetary policy side of thing

this is bloomberg. ♪ haidi: welcome to "daybreak: asia," i am haidi stroud-watts in sydney.m sophie kamaruddin in singapore. shery: and in hong kong, i am shery ahn. markets await u.s. inflation data after wall street snaps of five-day losing streak. japanese leadership front

haidi: yeah. and sherfy, what's really fascinating we've been tracking this evergrande story like some sort of slow motion car crash for months now. this is the story that's been building for years. but it feels like those pressures have come to the boil. and we're seeing the spillover when it comes to a wide range of assets not usually correlated to a chinese property market. take a look at the aussie dollar. we've lost about 3% so far this quarter. we're seeing that shorts build to a record now. it's a number of factors including looking like they will have to stay more accommodative. we've had lockdowns as you know, we've had this phenomenal slump in iron ore prices trading below $100 when it comes to singapore futures. and now this spillover, this is a litmus test. what will beijing do about evergrande and of course we know that where china goes, centralliia, has huge vulnerabilities there. shery: and really interesting in this week of the fed policy decision, we continue to talk about evergra

haidi: the lion's share is payable.possible for policy makers to get the in development properties built so homeowners can get what they paid for but also have a teachable moment where they will not support more hazard and the red lines are still intact? >> they will have to walk a fine balance. you do not want to have a sale prices impacted. land value could still go down more. analysts see land could go down another 15% between now and the end of the year. so we have to see how it plays out. there are many different kinds of creditors involved but i think looking at the overall numbers, it is a question about how the pboc reacts. the numbers are manageable and do not .2 systemic risk. i think we have a situation here where markets need to be more at a standstill. haidi: for the global economy, how problematic is what is happening with ever grand, even if it does not end up in a huge spillover, it is combined with a fed tapering to come. >> i do not see that as being a major issue in all of this. it is effectively on c

haidi: the politics rally continues.they get the dust settling over new leadership and clarity over what potential new policies, if any, might be in the pipeline, do we see another leg up when it comes to the reflation trade? sylvia: i think what will be interesting is that there is much anticipation and optimism around new leadership. i think japan is expecting to have a new support of government that is more in line with what we are seeing in the rest of the world in terms of supporting the market and small business mid-caps and consumers. i think all of that will be a positive thing that drives the economy forward. david: thank you for joining us today. sylvia jablonski, cio and cofounder of defiance etf's. speaking of japan, let's pick up where we left off. futures above 30,000 on a lot of these contracts as we approach the open. their front-runner has emerged to be the country's next prime minister, former foreign minister and current vaccines are -- czar be sued get backing for ldp leadership. let's turn to stephen

haidi: it was also former foreign minister.it comes to policy, he seems to be a bit of a dove, but in the campaign, he showed some harder edges. where does he stand? >> that is an open question, too. i think there has been pressure within the ldp to take harder stances to china, but i think a hard right candidate spooked a lot of people with her very heart of rhetoric on china, spooked the business community as well. as a foreign minister, he was very much of a dove, very much in favor of diplomatic solutions. he managed to set up the historic visit by then president obama to hiroshima in 2015, and it remains to be seen how he will react within the region. he has mentioned that he wants to take conflict with china very seriously, but he has also mentioned diplomatic solutions, so it is harder to know if it is a real change in his policy or if this is kind of rhetoric leading up to this election. shery: your point about spooking the public, he did broach the idea of another sales tax hike, which would spook anyone. perhaps some

haidi: really good news. but when it comes to inequality on the vaccine front, we are still seeing a divergence in between the haves and have-nots. we've heard from anthony fauci over the weekend talking about the latest when it comes to booster shots saying the third booster shot is likely to come from pfizer first and modernity could be delayed. we know there have been accusations of political interference in the process in the u.s. this comes at a time when we are looking at data that suggests wealthy nations like the u.s., like that -- like european nations, could have 1.2 billion doses they do not even need at a time when they have only delivered a meager part of what they have promised to the developing nations that still struggled to get even some of their people to get the first shot. shery: at least around 15% from those promised at doses coming from the eu and g-7 countries. as we head towards the asia open, we are watching what is happening with dv global. we have learned that perhaps we could be s

haidi: welcome to daybreak australia, i am haidi stroud-watts in sydney. sophie: i'm sophie. shery: the top story, u.s. stocks rise and the curve flattens as the fed signals to bring next month but there is not a signal of late -- late lift off. haidi: ever grand on edge. the ceo says the developer crisis is concerning but the fed is playing down contagion risk. shery: an exclusive interview with--on a supply chain disruption. futures slightly higher, the s&p 500 saw their best day in two months, concerns over the easing of concerns over ever grand, but those gains faded as we heard details about the fed taper plan. the relentless flattening of the 530 yield curve showing the markets are seeing rate hikes moving closer. the 10 year yield holding up at 1.30 levels. as chair powell started speaking, we saw losses fading. more strength for the dollar, same story for gold. we have seen some losses that reversed as chair powell was speaking, on wti at the moment under pressure, $71 a barrel, afte

haidi: i am haidi stroud-watts taking a look at major market opens.stocks so to start the week lower. we will be talking more about immigrants, fintech and more would we are joined exclusively by the dbs ceo. another exclusive out of singapore, the finance minister will be joining us to talk about reopening plans as virus cases search. let's get you straight to market opens with sophie kamaruddin. sophie: in japan stocks divert from the nikkei and topics, above 2000, nikkei slightly under pressure after a gain on friday. crypto related stocks are watch this morning. under pressure falling about 1% start of cash trade in tokyo. as we digest august services ppi data, 1%, so with an estimated, treating the six week low. gbg got hit last week. in terms of south korea at where we are waiting on first quarter vaccination plan after its new daily cases hit a record last week following the holiday. in seoul, kospi under pressure under .2 of 1% after a weekly decline. also watching stocks after -- said they may be taking part in the inter-korean summit and the

haidi: you talk about the boosters.e are seeing more incremental progress when it comes to moderna. >> filing for fda approval for its booster shot. it is trying to get a booster shot out. the biden ministration wants to get these going in september. in september, you will see the fda and cdc talking about this and starting to roll it out, pending approval. haidi: we continue to track the biggest vaccination campaign in history. more than 5 billion doses now given across 183 countries. check out our vaccine tracker on the terminal and up bloomberg.com. let's get you to vonnie quinn now with the first word headlines. vonnie: thank you. the u.k. is set to offer a third covid vaccine dose to people aged 12 and older with weakened immune systems. this follows the recommendation from the government advisory committee get health authorities say the booster will go to those with conditions including leukemia and advanced hiv. no decision has been made on boosters for the wider population. liberal u.s. democrats are publicly at

haidi: foreign investors. the stock exchange, and further putting up of the economy. >> hsbc's ceo betting on china's middle classes. he tells us it is too big of an opportunity to miss, despite beijing's crackdown. haidi: southeast asia's second-highest vendor is going on a hiring spree. we hear from the ceo in our first in person interview since taking the top job. >> take a look at how the wall street trading day went. the s&p 500 hitting another record. was not a big move. it continues to move higher. energy industrial shares, which had been laggard, were among the biggest gainers. consumer discretionary and communication services were at the bottom of the list. consumer discretionary not doing as well today. to the bond market, flat as a pancake. anchored around 1.30%. wait to see the jobs report. stronger than expected number. volatility in the bond market. in terms of crude oil, closing under seven dollars a barrel. a little bit lower. looking ahead to the opec-plus additional output. the hike saying we

haidi? haidi: coinbase? yes, coinbase quietly announced in an update to a blog post that way -- that they were dropping a product that would have paid yields on cryptos held in their customer accounts. the sec has made it clear they want to really crack down on anything that comes in their purview, such as paying yield on any platform. as you know, the sec chair, gary gensler, has called crypto the wild west. meanwhile, robinhood after hours got a brief pop in the stock come up about 2% before giving back the gains after announcing a new crypto wallet app. this is a long-awaited move that will make it easy for customers to sell and receive. haidi: su keenan their paid coming up next, moneylien going public this week -- su keenan there. (announcer) looking for a better way to lose weight and feel good? how about the one with the 98% success rate and the more affordable weight loss solution? that's golo. there are no monthly fees and it's guaranteed to work or you don't pay. how can golo offer all of that? bec

haidi: good morning, welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. sophie: i'm sophie kamaruddin in hong kong. shery: good evening from new york, i'm shery ahn. the top stories. u.s. stocks did as wall street warns a relentless run-up in american equities may be set to falter. haidi: beijing summoned gaming companies, including tencent. a deepening labor crisis in australia's agricultural sector, industry groups fear -- season. u.s. futures under a little bit of pressure after the s&p 500 saw its first three-day fall in nearly two months. we have analysts from morgan stanley turning cautious about equities. not to mention bloomberg saying we could see some technical signals pointing to a downturn. whether it is momentum or volatility, the institutional sentiment can be overheated. valuations a bit more cautious with the nasdaq 100 seeing the biggest drop in about two weeks. wti crude right now rebounding in the asian session. but the extend in games after it rose for the first time in three months in new york. hurricane ida still affecting the u.s. -

haidi: stephen engle there with the latest.t and analysis from china's correct down, particularly -- china's crackdown on the bloomberg technology channel on youtube. more bad news for china evergrande. at least two of their largest creditors are demanding immediate repayment, adding to liquidity strains of the world's most indebted developer. let's bring in our executive editor paul dodson for more. this latest twist, is it a major concern given how much pressure we know this company is already under? paul: i think it will be classified as incremental rather than a major new concern. but the problem is it is a bit of a confidence game at the moment, a bit of a house of cards, if you will. you have two requests for repayment of loans. i kind of want to get paid now as well. you get more and more requests for repayment, that could be a difficult situation. already being put in place for p eople. a great liquidity strain evergrande is under. you have potential ways of raising money but it does not have access to quick cash. tryin

shery: -- haidi: we have the u.s. envoy in tokyo for talks is weak.t do we expect in terms of a cohesive korea strategy from the president? reporter: that's very much still in the making. i think the administration is working on that. it is really not clear yet. the white house has not commented on this launch. and neither has the pentagon, for that matter. so this will all sort of come together as that visit proceeds. haidi: they are the latest. we will continue to monitor the story. let's get you to new york. vonnie quinn is the first word headlines. clicks u.s. democrats are set to propose a 26.5% corporate tax rate is part of president biden 3.5 trillion dollar economic plan. bloomberg has been told that there will be a top capital gains tax of 25%. joe manchin says he is concerned about inflation and higher corporate taxes. >> he will not have my vote on 3.5. chuck knows that. we have talked about this. there are so many differences we have. they are so much apart from us from where we are. i've been talking, i'm working with people, i'm willing

haidi: sophie is in hong kong.risk off day with stocks having the biggest drop, levered by japan. the china is dragging on the benchmark for a third day of losses. the kospi hitting a six month low. chip names, battery makers, health care. in sydney, banks are the biggest drag, set for a 3% drop. flipping the board, we are seeing the global bond selloff continuing with benchmarks above 155. nomura expecting more for aussie bonds, you have the aussie 10 year knocking at the 150 level. broadly speaking, we are expecting more upside pressure for bond yields given the inflation debate is back in the mix. checking in on oil prices, checking in on friends, falling below $79 a barrel as we saw a rebound in u.s. inventory. the currency markets are in focus with an anticipation of dollar strength. the korean won hitting the 1188 handle, jv financial saying we could see more by the end of this year. the dot is expected to hold rates. we are seeing -- the offshore yuan is under pressure. commodity risks as well as a narrowing

haidi: a quick check of the headlines. hna group has signed investors for his airline and airport businesses. one will receive a strategic investment from one group, while another will receive one from another. both hna units plan to issue new shares to investors. the plan is subject to approval from a chinese court. singapore city development is selling its stake in chinese developer -- in a chinese developer for one u.s. dollar. they have already written down almost all of the $1.4 billion invested in the mainland firm last april. the pandemic and china's three red lines policy have increased liquidity constraints. a group is considering options to buy packaging company, including selling or taking a public. the private equity firm has been interviewing banks for a strategic review in the first half of 2022. they could be valued at about $6 billion. shery: of course, we are headed for the major market opens across asia. let's turn to sophie for what stocks to watch. >> in japan we are watching toyota after it announced a

haidi: hello and welcome to "daybreak asia." sophie: we are counting down to asia's major market opens. shery: our top stories this hour -- asian traders way a week and to the u.s. trade session. the dollar hitting a 12-month high as investors look for havens. china evergrande may have missed another bond payment, but marathon assets tells us it is still buying debt. plus, he won over the party. now japan's next prime minister must convince the electorate. the previous month, numbers were revised slightly down to a gain of 7.7%. when it comes to the month on month number, it is a contraction of .7%, so perhaps we are seeing a little bit of easing and fading of those gains in factory output when it comes to those monthly trends. the expectation was still for a gain, and the previous month was revised downwards. we are seeing positive sentiment on industrial production. not to mention, domestic demand has also been strong, but we do have those delta-related disruptions in trading partners that could have caused some of that missed

shery: at -- haidi: and i am haidi stroud-watts.that is that as investors continue to fret over the post-pandemic growth outlook. bloomberg's credit tracker finds stress levels are eating even as bonds play all-time lows. singapore gaining, and an e-commerce company. shery: let's turn to sophie for what stocks to watch. sophie: stocks to watch and japan include energy stocks, renewable energy in particular. -- book of the need to restart nuclear energy. look at what is going on with tokyo share market, downside pressure for the nikkei and topix which has signal overheating after an eight day rally, the yen holding on at the one spot level. moves were dollar-yen will come from u.s. yields marching higher. switching up the board to check out what is happening in the open with south korea, a board meeting for monetary and credit policy thursday. kospi extending declines for a third session, off by .5 of 1% while we are seeing the korean won accent losses after the biggest drop in one week. fintech names under pressure in seoul. wrappin

haidi: paul allen joins us now in sydney.t about it, francis furious about this. >> that is right. scott morrison made a number of comments at his press conference over the weekend but he did say australia that there are deep in grave concerns that the summaries would not do the job with the new strategic environment. there were other matters but he did not mention them. this is a $65 billion u.s. project that had been beset by cost overruns not to mention whether or not the subs are strategically fit for purpose. morrison was saying it would've been negligent to order these subs against the advice of the intelligence and defense communities. france is sticking by the line that it was blindsided by this and had no warning of the deal as we know recalled. they were called bassett there's . they canceled the plan meeting with the u.k. defense minister. shery: could a trade deal with the eu be addressed? >> the questions being asked about that, of course australia in negotiations with the eu on a free-trade agreement. there've b

haidi: rosanna, great to have you with us. next, the greatest -- the latest crackdown on cryptocurrencies. singapore regulators says they may be breaching the country's law. more not coming up, this is bloomberg. -- more on that, coming up. this is bloomberg. ♪ haidi: a crypto currency exchange says it will stop offering some products in singapore after regulators say they could be in breach of the payment services act. let's get over to our cross asset reporter eric lam. what are we seeing as these downside pressures on the company? reporter: it is another action against binance. it is related to binance.com, separate from the local entity. the entity is operating locally under an exemption. they have applied for a license, but that is still under review. as far binance.com, they are telling consumers to make sure they are finishing all the peer-to-peer trade and advertisements by thursday. they will remove the apps from the google and apple stores by friday. so this is kind of the latest in a number of investigations into bi

haidi: foreign investors.

haidi: so much uncertainty.his sort of malaise is perhaps unsurprising the reopening of the london metals exchange trading floor was met with tepid activity. we weren't expecting a big return to the rings, so to say. traders had pleaded for them not to get rid of them in favor for fully electronic pricing but we saw an 85% plunge from prepend mike levels. it does feed into these views. it might be back, but it might not stick around. shery: we are seeing policy makers put efforts in those. president biden expected to talk about boosting vaccinations. he is expected to announce a six-month -- when it comes to pulling private and public together. australia is talking vaccine passports. haidi: in fact, we have spoken to alan joyce a bunch. he has said in the past he is in favor of some sort of documentation that says if you have not been vaccinated perhaps you won't be allowed to get on a plane. there will be problems with different jurisdictions. take a look at what the rba did. one of the central banks in a very

haidi: we saw oil futures in new york trading higher, closing near $70 for the first time in a month.

. ♪ haidi: a very good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney.own to asia's major market opens. shery: from bloomberg world headquarters in new york i'm shery ahn. the top stories this hour. evergrande misses interest payments taking the cash-strapped developar step closer to one of china's biggest debt restructurings. haidi: beijing's real estate crackdown weighing on wall street. u.s. stocks

haidi: welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. sophie: i'm sophie kamaruddin in hong kong. shery: good evening from new york, i'm shery ahn. the top stories. u.s. stocks did as wall street warns a relentless run-up in american equities may be set to falter. haidi:

haidi: welcome to "daybreak: australia." sophie: we are counting down to asia's midmarket open. shery: the top stories this hour, u.s. stocks dip after weaker than expected u.s. inflation gives the fed more flexibility. haidi:

haidi: welcome to daybreak australia, i am haidi stroud-watts in sydney. sophie: i'm sophie.p story, u.s. stocks rise and the curve flattens as the fed signals to bring next month but there is not a signal of late --

haidi: foreign investors.

haidi: a very good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney.hie kamaruddin in hong kong. we are counting down to asia's major market opens. shery: and going from bloomberg world headquarters in new york i'm sheriff. up the top stories this hour. the u.s. stocks suffer the worst fall since may as a debt default causes concern. shery: the world's most indebted developer

haidi: a very good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney.hie kamaruddin in hong kong. we are counting down to asia's major market opens. shery: good evening from bloomberg's world headquarters in new york. i'm shery ahn. the top stories this hour. treasuries fall as investors eye the possibility of a more hawkish fed. the nasdaq underperforms with investors rotating away from big

>> what if we told you there is a new workplace benefit that can help your employees build wealth haidint to ask about your experience as a young woman and a woman in this sector, having that amount of scrutiny and public attention on you. south korea does not have a good record when it comes to gender relations, the wage gap, treatment of women. did you have a personal experience of that deficit? >> i was in the department for 10 years for undergrad and phd. i was two girls among hundred 20 classmates in the department, and we did not even have a female bathroom. when i watch hidden figures, they were emphasizing -- with my experience, i had to go all the way to the campus to go to the female bathroom out of the building. i really want to see the development and the current state. ♪ >> leaders from around the world convene in new york city for the un's general assembly. >> distinguished delegates, please take your seats. the third luminary meeting of the general assembly is called to order. >> to discuss the debt -- biggest problems facing the government. >> i am here to sound the alar

rishaad: ldp lawmaker speaking to our very own haidi.t a rate decision this afternoon in bangkok. we got the finance minister of thailand speaking about monetary policy, saying it should be accommodative and sing fiscal policy should be in sync as well. that is 50 three minutes before the start of trading there. yvonne: most economists are still expecting them to hold today. they are expected to ease restrictions reo co there are still two forecasting a potential cut today. rishaad: let's have a look at more congressional divisions as joe biden tries to get his stimulus plans across the line in congress. let's get that and the rest of the first word news with vonnie quinn. >> first i want to tell you about the most on record in the third quarter. top antivirus policies shut factories. vietnam was successful in limiting infections early on in the pandemic. officials say many promises -- provinces have been under prolonged social distancing measures. u.s. democratic progressive lining up to defy speaker nancy pelosi and oppose the bipartis

i'm haidi stroud-watts in sydney. sophie: i'm sophie kamaruddin in hong kong. dob down to the asia market open. shery: i'm shery ahn. top stories this hour. investorrening of the over china priority and the fed's taper time line a global stock rout. the suspend pairing some of those losses. and bit buyers emerge. >> the mark

haidi:

haidi: -- >> this idea of returning to the office keeps getting pushed back.are other companies doing? spencer: microsoft and apple are just saying we will stay tuned and provide this transition area period once we have a firm date, so they are kind of in this holding pattern. you have companies like amazon and facebook that pushed it back to january. google was up for october, so again, the dates just keep getting pushed back to the point that they don't seem to have as much meaning anymore. shery: anything unique about tech companies that makes this issue more difficult than other industries? spencer: that is a good question. tech in particular because the market is so competitive that a lot of employers are feeling pressure to walk very softly in demanding that their employees return to the office because they are afraid that folks who do not want to return to the office will simply find another job elsewhere that allows them to continue working remotely. on the other side, microsoft was surprised it conducted a survey and found most of their employees, nea