haidi: good morning. i am in sydney. sophie: we are counting down to the major market ocean -- open. shery: the top story this hour. the pboc says china can contain the risks from ever grand but they blame some mismanagement and overexpansion for slowing the economy. haidi: estrella has a travel bubble with singapore as victoria will add its pandemic lockdown this week. shery: raking in the big box. they see their megahit show " squid game" rat -- rake $900 million. this of course after the s&p 500 since they had the best week since july. after we had mixed date at when it comes to those friday numbers. beside drop in consumer sentiment but the market is focusing on better than australia -- better-than-expected numbers. we saw investors focus on the positives including the strong u.s. earnings season report. the dollar loss ground for a third consecutive session. unchanged at the moment. we are seeing some risk on sentiment. they are extending the gains to .8%. close to that 83 per dollar -- $83 per barrel. fourth-quarte

haidi. haidi: over to vonnie quinn with the first word headlines. vonnie: haidi, thank you. u.s. national security advisor jake sullivan will meet with china's top diplomat in switzerland this week. u.s. officials say young and sullivan will follow up on the september phone call between presidents biden and chi. a summit between the two leaders is on the agenda. trade is also on the table this week with talks planned between u.s. representative katherine tay and the vie niece vice premiere. democratic senator elizabeth warren has criticized the federal reserve's leadership saying chair jerome powell showed bad judgment by failing to stop unusual trading activity by top officials. speaking on the senate floor warren questioned why powell didn't prevent officials from making the investments. and in a later interview with bloomberg, she repeated her opposition to powell's reappointment. >> last week, i said that i would not support chair powell's renomination because in one decision after anoth

haidi: ed ludlow with the latest on tech.egulators are voting to chancel -- cancel china telecom's bid to upgrade. national security is a reason that has been given. coorespon -- correspondent: the sec, 4-0, decided to revoke permission to operate in the united states good china telecom was held for more than two decades and they thought it secured -- concerned security in the u.s. and the chairwoman of the sec said that because it state of access with the heads of the chinese government, this poses a risk of surveillance and misrouted traffic through chinese servers for no reason. that is a step taken today and chinese telephone companies may go through a similar travail with the fcc. kathleen: interesting that the biden administration is following on the footsteps of something that the trump administration started with huawei. who do you see being targeted next and clearly this is something the chinese government is not going to appreciate. todd: i talked to an analyst today who said a big takeaway is if attitudes remain th

haidi: mr. bostic there being very dramatic but understandably given all the supply chain serbs concerns that we're seeing, right? -- chain concerns that we're seeing, right? it's hitting apple. >> that's right. applal is the barometer for how the supply chain is doing for the consumer electronics market. and we've seen today that due to short mtion coming from broad kohl and texas instruments -- these products are made up of components from hundreds if not thousands if not tens of thousands of different suppliers and all it takes is one supplier not pulling their weight or one supplier having shortages to impact everyone else in the entire product. and that is the game you're seeing in the supply chains today. and that's why you're seeing that massive impact, 10 million units up to 10 million units lower than expected for the iphone 13 in this calendar 2021. haidi: tech reporter mark germain and global economics poll and policy editor kathleen hays and our editor molly smith. we will be taking

haidi: the brazil economy minister. look at the fx space starting with the aussie and kiwi dollars. you can see the diversions play between the aussie and kiwi on account of sydney coming out of lockdown. lock down being extended for auckland. the kiwi dollar trading a little lower this morning. the aussie dollar also softer. we see broadly commodity prices pushing higher. we are seeing the yen holding steady at 113 and little weakness in the korean currency as well. shery: i don't remember seeing the japanese yen this week against the u.s. dollar in quite some time. i'm going to say about three years. very close to that 114 level. we saw a little rebound in the previous session given concerns about inflation but concerns are very weak. you're finally getting core machine orders. month to month, a contraction of two point 4%. the expectation was a gain of 1.4%. really missing to the downside after contraction in june. we saw a rebound but we fall into contractionary territory. month on month, a contraction of 2.4%. not

haidi?ter the august high, and economist will be joining us, but coming up next, investors left in limbo amid reports of a crackdown with katrina ell. this is bloomberg. ♪ haidi: -- shery: we are seeing signs of a debt crisis while other developers grappled to avoid defaults. let's bring in john. evergrande still not paying bond investors? >> the latest coupon, as far as we know, the holders have not received that payment. evergrande, the first they missed was in the back of september. there is a 30-day risk, so we are looking at october before potentially the company could default on these payments. the risk is obviously the default on one coupon payment could trigger across to other bonds, and that could have a ripple effect in the market. haidi: and, john, a lot of soul-searching for policymakers? are we hearing of potentially a broader crackdown? john: there has been some. there was a report in "the wall street journal" about greater scrutiny of financial institutions. obviously, we know

haidi: good morning. shery: good evening from new york. tech shares tumble in late trading after results from apple and amazon disappoint. haidi: rebranding at facebook. the company renames itself meta. shery: evergrande made an overdue payment. what that means for the developer. we are seeing u.s. futures losing ground to tense of 1%. this after record closing highs for the s&p 500, and the nasdaq 100. we also have the dollar underperforming against g10 peers. on the other hand, the euro advancing the most since may. the ecb pushed back against expectations. oil a little bit of gain. crude above $83 per barrel. it was all about the tech earnings after hours. let's look at what's happening right now. broad downside pressure for apple and amazon. the apple quarterly revenue missed estimates. supply chain issues were a factor. amazon, holiday sales are expected to bring several billion dollars in extra cost. we are seeing a bit of a rebound in after hours at facebook after they rebranded. i had a name change to meta. they will start changing

haidi: welcome to daybreak australia, i am haidi stroud-watts in sydney. sophie: i'm in hong kong. shery: i'm shery ahn. republicans and democrats finding a way to end the debt impasse. haidi: plans for talks between president biden and xi jinping as the white house warns beijing about its moves on taiwan. shery: the u.s. tech -- secretary of state tells bloomberg china must act responsibly in the ever grand crisis. we will hear from antony blinken. we are seeing u.s. futures muted at the open after we saw stocks rallying in the afternoon. the s&p 500 erasing one .3% -- one point percent of a loss, the biggest since february. we might get a resolution or kicking the can down the road on the u.s. debt ceiling into december. we also had the 10 year yield changed. strong jobs numbers, private companies adding most jobs in three months. we will be looking forward to the september payroll on friday. oil sinking by the most in two weeks and extending losses. this as we continue to see growing u.s. inventory and russia signaled they are ready to help ease a global energy crisis. natural g

haidi, back to you. haidi: great conversation.k at a new high when it comes to bitcoin, the etf launched overnight making a big splash. we get more analysis next. this is bloomberg. ♪ haidi: bitcoin is inching towards a fresh record, the first etf, futures etf making its debut. let's bring in our cross asset editor. a watershed moment in terms of the regulation in the u.s. and adoption by retail. lots of concerns about how it operates and the voluntary -- volatility associated. reporter: there are concerns because bitcoin in general is volatile, they can sometimes behave in unpredictable ways. when people are looking to invest, they should understand what they are getting into. a lot of people say i'm going to invest straight in bitcoin. that is not something every institution wants to do. shery: the cryptocurrency itself has been moving towards those all-time highs. aside from this etf, what is driving the cryptocurrency given these gains have been going on for a few weeks? reporter: right. there are a lot of whales that appear t

haidi: welcome to daybreak: asia, i am haidi stroud-watts in sydney.are counting down to asia's market open. shery: our top story this hour,

haidi: hello and welcome to daybreak asia.counting down to asia's major market open. kathleen: and good evening from new york. here are our top stories. asia stocks may lag behind the u.s. despite the s&p 500 hitting a record high. traders are weighing inflation and covid-19 risks amid key earnings reports.

so haidi, the tech story now, after the bell.e saw losers today -- microsoft, buster earnings -- blockbuster earnings, sales profits were very strong. 11th straight earnings beat because of cloud computing strengths's. 10% or more sales growth in the third quarter. alphabet, a mixed bag. . there third-quarter revenue beat estimates but cloud earnings were a bit light. twitter another winner on strong advertising. but robinhood, crypto trading is cratering, and that is what hurt them. haidi: we may be seeing more headwinds when it comes to the tech rivalry between the u.s. and china. we had the. fcc putting a ban on china telecom corp. it is not so much a big deal given they don't do that much business in the u.s., but it comes on the back of similar tensions with the likes of huawei. seems like the geopolitical aspects may be coming back into the fray as well. kathleen: and one of the most read stories on the bloomberg terminal in u.s. trading hours was evergrande told, according to sources at bloomberg who are familiar with the

haidi: haidi: let's get the latest headlines.st investor has bought a significant position in shell. shell said it would fit. sources say atm will price shares about 2000 in what could be india's biggest ever listing. the company hopes to raise as much as 2.4 billion dollars, 10% more than its earlier target. shery: take a look at cryptocurrencies. we are seeing bitcoin under pressure right now, below its 20-day moving average, signaling there could be more selling in bitcoin. the launch we saw last week, that optimism fading a bit, not to mention that we are seeing a little bit of profit taking. we are talking about the worst day in about a month, while, of course, that bitcoin etf's at that $38 level, a second session of losses. there was a lot of optimism, and i know you guys are also launching something in australia. >> yeah, and you know how many crypto analysts we have spoken to that have said perhaps a better option for retail investors is to get that exposure via an etf that trades on the platform, from the technology tha

haidi: enda curran there. nomura falling about 7% after he saw profit slump on the back of the u.s. legal provisions. this is the biggest fall in their stock since we have seen since march. trading at the lowest level in about a year. we saw that reaction coming after earnings plunged. taking a provision for this ongoing legal case relating to a transaction. it also reports 95% slide in net income as well. really the latest blow in what has been a difficult year for nomura. we have seen them take a $2.9 billion hit relating to the archegos capital management blow up as well. they have been taking some steps to bolster risk management. they have suspended senior staff and stopped offering some cash prime record services in the u.s. and europe. but looks like another historical issue causing a big plunge in nomura stock price today. let's get more on china. the stress developers in the country are facing a collective honda bill of $2 billion this month. investors will be watching for any signs of default as they

haidi? haidi: sophie kamaruddin in hong kong.ts have fallen to a decade low relative to global peers. further downgrades are on the horizon as china's economic growth slows global supply constraints remain. let's discuss this with tim. so, is the diversions that you see when it comes to expectations in this part of the world and where we see elsewhere fair? and where do you find opportunities in those gaps? tim: we do think it's fair. we have a number of indicators that suggest the building cycle is turning down. to be clear, we can get the visions to estimates, which we have a variety of leading indicators for, in which the recent macro data suggests will result in further downgrades over the next few months. so, as a result of that, as well as an updated economic forecast and inquests regarding supply chain constructions and so forth, we've reduced our estimates for this year to 32% growth, and for next year and 2023, to 9% each year. we're about five percentage points below consensus for 2023. so we're not majorly more bearish

haidi: i'm haidi stroud-watts, taking a look at the major market opens across asia.ors timber concerns after wall street's expense its rebound. beijing could break down online search barriers. we hear exclusively from boris johnson who says the u.k. does not want to turn away chinese investments despite tense relations. >> china is a gigantic part of our economic life, and will be for a long time, for our lifetimes. that does not mean that we should be naive. shery: japan and south korea coming online. sophie, how was the open shaping up? sophie: the nikkei futures higher by .3%. we are seeing the likes of adventist gaining ground. chip related players. yen trading above 114. ahead of of the 20 year bond sale out of japan, we do have it gaining some ground. some reversal that we saw as of late. in korea, laptop and audio component makers. keep an eye on chipmakers. we are coming down to the report card due next week with sales maybe lowered by weak chip prices. the korean won is gaining ground, trading below 1186. ahead of the rba meeting at the bottom of the hour, g

haidi: i'm haidi stroud-watts in sydney.tocks are set to fall, declines on surging commodity prices and how that could spare inflation. president biden warninghe

haidi: tell us a little bit about that strategy.t does this tell us, especially the acquisition of night school, about where netflix is headed? >> tells us the company is becoming more assertive in their videogame strategy. it is not something we expect to move the needle initially, but it will make the offer much more compelling. they talked about using mobile as a jumping off point. more importantly, looking at ancillary opportunities. you heard about the collaboration with walmart. a lot of these initiatives have been a long time coming. it makes sense, more consumer touch points, if you will. haidi: when it comes to subscriber growth, is it concerning it has still slowed in their home country? >>>> it was something we expected. the u.s. and canada showed some relative saturation. that being said, the u.s. is leading the rest of the world. that is where the bulk of the revenue is coming from. this quarter, made up half of the subscriber additions. the dynamics of international deals are changing for the better, especially asia-pa

>> good morning, haidi.ts are allegedly star entertainment and enabled money laundering, organized crime and large-scale fraud at its casino does have clues of similar reports made by the same parts of crown results in 2019. those led to the inquiries into crime for the casinos that are coming to a climax like this week. star entertainment alleges that stars board was warned in its anti-money laundering or failing and they cite internal documents, court cases, law enforcement intelligence briefings, and they say sources with knowledge of stars operation. stars says a number of assertions are misleading. but it all lies on stars stocks that will be opening a few minutes. shery: that's it for "daybreak australia." daybreak asia is next. the aussie dollar unchanged at the $.73 level. this is bloomberg. ♪ haidi: a very good morning. we are taking down -- we are counting down to asia's major market opens. shery: our top stories, asian traders face headwinds to start the week, goldman sachs downgrading u.s. growth

haidi: a very good morning. i'm haidi stroud-watts in squid squid -- in sydney. shery: from bloomberg world headquarters in new york i'm shery ahn. the top stories this hour. sucialging energy prices fuel volatility in the stock market as the debate over inflation concerns intensify. haidi: we take a look at how the rise in energy prices is affecting colombia's policy direction. we will be joined by the central bank governor leandro villar gomez. shery: and chinese banks and regulators may be facing additional scrutiny with president xi investigations into private ties with companies. we are seeing u.s. futures muted at the open. but this after an ugly half-hour of trade before the markets closed here in the u.s. the s&p 500 fell for a second consecutive session. we have fitch rating the u.s. bond market as closed on holiday perhaps really intensifying those market moves. we did see the dollar also continuing to gain ground at a three-week high right now. speculators boosting those dollar bets two-year highs given rising yields and inflation concerns. still the g

haidi: welcome to daybreak: asia, i am haidi stroud-watts in sydney. sophie: we are counting down to asia's market open. shery: our top story this hour, asian stocks such a high after wall street losing streak, u.s. inflation and eminent fed tapering. jp morgan caps off u.s. bank earnings with record dealmaking, but shares fall on loan growth. plus how short on the hong kong dollar has snared investors for what the sec says is an illicit stock offering. haidi: let's get you to the open. sophie: a gain of 10% of the open, vhb said to have a two day decline, the topic -- top pick, compelling metrics like cash generation and we will keep an eye on whitehaven as supply chain snarls have hit them but coal prices are putting them on course for a cash would follow. the kiwi dollar is outpacing the aussie dollar. the market has priced out of china risk and we are seeing aussie bones gain ground with the 10-year down by nearly six basis points. from the mainland, we are waiting on chinese inflation data which follows week credit numbers from the mainland which

haidi: a very good morning, welcome to "daybreak: australia." we are counting down to asia's major market opens. shery: the top stories this hour, u.s. stocks rally for a fifth day. the s&p 500 within a whisper of a new high after its best start on earnings season in two years. haidi: bitcoin surges to a record, as it gets closer to mainstream acceptance. shery: and blaming product and chip shortage is four rolling blackouts. u.s. futures muted at the open after we saw the s&p 500 continue to gain ground. gains of more than 3.5% just this week. we also had crypto shares leading the gains, bitcoin reaching a record high. the dollar -- dollar continued its trend lower. talking about a one month low but there are expectations the federal serve will -- given the price pressures around the world. beige book characterizing inflation in the u.s. as significantly elevated. oil at the moment above $83 a barrel. a surprise drop in u.s. supplies and gas inventories also falling to the lowest since 2019. take a look at after hours trading, it was all about

haidi: our bloomberg opinion columnist.deputy ceo says you can't disengage completely. i sat down earlier at the bloomberg invest summit to discuss his firm's current strategy. >> we have a long-term commitment to china. as capital markets become accessible, that is, long-term view. the changes in the environment around education companies, the real estate sector, are to be expected to some extent. these things will happen in a developing country. china remains an attractive place to invest. we have $3 billion to $4 billion in china, stocks and some fixed income. i suspect that will grow. china is the second biggest economy in the world, and will probably be -- i do not think funds can disengage from china, but australia has had a close relationship with china over the long term. i think all of our sectors will work in the long run. haidi: get something you are comfortable with the level of de-risking, regardless of what happens with evergrande in the property sector. what would you need to see to make more exposure compell

haidi: hello and welcome to "daybreak asia." i am haidi stroud-watts in sydney. shery: i am sophie kamaruddin in hong kong. shery: i'm shery ahn. our top stories this hour. it is in stocks set to open the week with gains as the pickup in growth always concerns over inflation. evergrande faces its next big test with payment due on the $260 million bond. the developer is said to have guaranteed it. facebook repairs for a whistleblower to go public with accusations about the social networks role in the capitol riot. haidi: let's get straight to the market open. sophie: the heading higher, seeing some pressure. no change expected from australia. the rbnz is seen by consensus to hike rates. bloomberg economics says they don't expect tightening this week given the ongoing lockdown with the kiwi dollar softer ahead of the new zealand cabinet decision later monday regarding those other levels in the country. the asx 200 gaining ground by .2% after capping a four-week drop. energy also higher this morning. yossi share market has exposure to sectors that are vulnerable to

haidi: that was bruce flat.ve bank of new zealand is expected to push ahead with their rate hike, concerns about coronavirus. shery: bloomberg is expecting a rate hike. kathleen hays has a preview. interesting that only bloomberg economics expects the hold. what are the factors? >> the question is if the rbnz will move today and do what they wanted to do in august. it is largely about inflation. the lockdown took a toll on the economy but it did not bother inflation. the white line is the rbnz official cash rate. it was a record low in march of 2020 and now with inflation, the turquoise line, it is back above 3%. home prices in august up nearly 26% annualized rate. a red hot housing market. that is why they were ready to do a 50 basis point hike in august until the government locked down economy because of the outbreak. they had to wait. we spoke with the governor of the rbnz and asked about october. he said they will be watching inflation and jobs and it was definitely a live meeting. >> we retained the right b

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i'm shery ahn in new york or welcome to "daybreak asia. -- i am shery ahn in new york. welcome to "daybreak asia." tesla revealing plans for a shift in battery technology. bitcoin moving closer to mainstream acceptance. evergrande shares may resume trade in hong kong as it scraps plans for a $2.6 billion unit sale. haidi: let's get you straight to the aussie open as we see trading getting underway. that staggered opening, gains across the board when it comes to how the asian session is likely to attract. the asx 200 up by just shy of .2%. this of course after we had really u.s. stocks rally extending that advanced to a sixth session within record highs. the aussie dollar is one of the big gainers overnight, .6% higher, climb into the highest since early july, trading flat at the moment at just over $.75. kiwi stocks up i .4% with that trade deal with the u.k. being enough as well. falling back just a little bit but still seeing

haidi: a very good morning. we are taking down -- we are counting down to asia's major market opens. shery: our top stories, asian traders face headwinds to start the week, goldman sachs downgrading u.s. growth forecasts and hawkish signals from the bank of england. taiwan's president says the island will defend its sovereignty after xi jinping repeats calls for reunification. advisors for every grand office -- evergreen's offer creditors -- haidi: let's catch up to the start of trading in sydney. we are watching out for a key number of stocks including gaming stocks. star entertainment responding to that blockbuster report in local media with allegations of money laundering activities, foreign interference. we have seen that statement saying they are concerned about a number of these allegations and will formula a response. sidney trading down by 0.1% and that staggered open. we are seeing a listing of restrictions today after 15 weeks of lockdown with a returned of in person retail, and person dining, and othe

haidi: u.s. shares extend their rebound. shery: and why china may be dialing back on its economic overhaul as ordinary citizens feel the pain. haidi: let's get more from our exclusive conversation with prime minister boris johnson. he sees tough change. also saying countries must take real action. he says he's making a last ditch calls to take these last up to protect the planet. he says participants must keep alive the prospect of containing global warming to one point five degrees celsius. he says these talks were always going to be extremely tough but he's urging countries to make some hard pledges. also in that conversation, he spoke about the northern ireland protocol and commenting on the uk's relationship with china, saying he doesn't want u.k. to turn away chinese investment, saying he's no xenophobia and he's not about to pitchfork offers a way from china despite concerns from domestic lawmakers. shery: we have continued to see rising tensions between u.k. and china as other countries are trying to steer away from c

haidi?> still ahead, what's next from premier and his government after he cleared a low ball for the election. analysis only that. but coming up next, hear why -- strong corporate practices provides excellent support. this is bloomberg. ♪ >> taking a look at the week ahead. central banks taking the stage. three days of monitor action will reveal if policymakers share the same opinions on surging inflation. a decision shaping up to be a market-moving one. the governor and his team must confronts recent rising price and is attacks on the yield. the yield is now eight times the r.b.a.'s target. the fed is expected to kick off on wednesday. talent attention turning to the o.b.o.e. or number. a cliff hanger decision. >> a lot more to digest outside monitor policy. the october u.s. jobs report expected to show acceleration after two months of disappointing data. meanwhile, cop 26 officially underway in glasgow. and opec will address calls to accelerate supply increases as the energy crisis spreads

haidi: the market outlook with others. financial sector is putting pressure on the government to ease restrictions we will talk with our guest about that. . daybreak asia is next. this is bloomberg. ♪ >> hello and welcome to "daybreak asia". sophie: i am sophie kamaruddin in hong kong. kathleen: good evening, i'm kathleen hays. now for our top stories. asian stocks are set for a make start as a way inflation risks. china's pandemic warning made dampen sentiment. a new covert outbreak will worsen in the coming

haidi. haidi: let's get back to one of our top stories.na evergrande closer towards a massive restructuring. our next guest says beijing is seeking to withstand discipline work. joining us is the senior professor and former head of the imf china division. always great to have you with us on bloomberg. let's start off with this jumbo enterprise in bonds. this was a new development and i wonder how much more concern to our, knowing that there is a possibility of more cross defaults and the opacity of how much debt obligation we don't know about. >> first of all, as you alluded to very clearly, beijing intends to make this episode a clear lesson to financial market participants and also to all the leveraged rowers. now, if you think about the broader ramifications about possible defaults by evergrande, there were two questions. what are the direct effects in terms of property for evergrande, and what are the connection effects on the rest of the property market and on developers? certainly, there are some developers who are highly leveraged.

haidi: hello and welcome to daybreak asia. sophie: we are counting down to asia's major market open. kathleen: and good evening from new york. here are our top stories. asia stocks may lag behind the u.s. despite the s&p 500 hitting a record high. traders are weighing inflation and covid-19 risks amid key earnings reports. facebook reports strong revenue growth but warns of headwinds in the fourth quarter. internal documents highlight the company's struggles. crown resorts said to be unfit to run its flagship melbourne casino as a royal commission inquiry finds the company engaged in conduct that is quote illegal and exploitative. haidi: let's get you straight to the third quarter preliminary gdp numbers that have just come through. we have seen a slightly softer print than expected. rising 4% year on year. when it comes to the breakdown we are seeing manufacturing gaining by .2% quarter on quarter, 5.9% year on year. we are seeing a gain of .3%, softer than the .6% and a pullback from .8%. we all saw wholesale contract .8% qu

haidi: i'm haidi stroud-watts in sydney.an stocks are set to fall, declines on surging commodity prices and how that could spare inflation. president biden warning the u.s. may default, the republicans are reckless by blocking a debt ceiling suspension and facebook says services are starting to return following a devastating six-hour outage. >> let's turn to sophie for what to watch. sophie: the governor is expected to keep rates at a record low which is fueling concerns around the housing market. bond yields are rising with a 10-year back up 152 and the dollar keeping above the 73 level, resistance since mid-july. the h.p. losing half a percent following stock production deputy with copper out of chile. it is energy prices that have led the rally commodities pulling up the charts showing you that picture there. we have seen the bloomberg gauge of raw materials, a spot index rising 90% since the marlow that we saw amid this pandemic, so with this inflation fear then being boosted by this picture pulling up the board, that is

haidi: inflation lumen watch for policymakers. bank of england governor said that it will add to pressures. >> it means it will last longer. it will, of course get into the annual numbers for longer as a consequence of that. that raises the fear and concerns for expectations. we had ink of england have signaled and this is another such signal that we will have to act. that action comes from our monetary policy meetings. haidi: let us ring in our correspondent for more. we had new zealand consumer inflation surging to the fastest in 10 years. this idea of transitory, is it fading or is it structural dislocation on the pandemic effect? what is going on? reporter: it is interesting. when you listen to the governor, he was making the point that he thinks it is still transitory. they still have to go ahead and raise these costs. it is all about inflation expectation. the whole side debate in the world of economics about inflation expectations per they still believe in it. he is megan the point that if these price pressures brush there,

haidi: mark, thank you. are watching samsung in south korea, it is weaker at the time of trading. it beat the average analyst estimate. what is happening with stock? >> samsung investors are not so impressed by the third quarter earnings results. net income coming in slightly higher. it is probably because all of the figures are in the past and investors are focused on what will happen in the fourth quarter and early next year. in particular, samsung's forecast on the memory chip price outlook. that trend depending on supply delay situation could give this a big boost, or the opposite. stresses that the fourth quarter demand for chips will be strong but has yet to give out its outlook on the prices. haidi: stocks have lost more than 10% this year on concerns on the cooling in chips. what about the devices part of the business? has the foldable smartphone been of interest? >> yes, and samsung was probably able to catch some of the clients from the apple iphone users with this expensive flip phone. it has help

haidi:reak australia, i am haidi stroud-watts in sydney. sophie: i'm in hong kong. shery: i'm shery ahn. republicans and democrats finding a way to end the debt impasse. haidi:

. ♪ haidi: a very good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. sophie kamaruddin in hong kong. we are counting down to asia's major market open. shery: from bloomberg's world headquarters in new york i'm shery ahn. inflation fears hit wall street a selloff in tech stocks batters benchmarks as the commodities index soars to a record. haidi: investors will be eyeing cues on the r.b.a. policy direio

haidi: rebranding at

haidi: very good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney.g down to asia's major market opens. shery: from bloomberg world headquarters in new york i'm shery ahn. the top stories this hour. concerns about inflation and supply disruptions weigh on wall street. apple falls in trading after bloomberg reports it may

haidi:orning and welcome to "daybreak australia." we are counting down to asia's major market opens. shery: u.s. stocks falling. investors will be eyeing the boj and ecb after policy calls from canada and brazil. haidi:

haidi: a very good morning. i'm haidi stroud-watts in squid squid -- in sydney. bloomberg world headquarters in new york i'm shery ahn. the top stories this hour. sucialging energy prices fuel volatility in the stock market as the debate er

haidi: a very good morning. welcome to "daybreak: australia."made in squid -- i'm haidi stroud-watts in sydney. shery: from new york i'm shery ahn. the top stories this hour. u.s. stocks rebound as investors rushed back into tech. the s&p 500 rising back above its 100-day moving average easing concerns of a market correction.

haidi: welcome to "daybreak us cholla." sophie: we are counting down to asia's major market opens.top stories this hour -- u.k. premise or come up or as johnson, issuing a rallying cry for action on climate change in an exclusive interview head of cop 26. he calls on world

haidi: possible summit -- a possible summit reportedly on the agenda. trade also this week. talks planned between u.s. representative and the chinese premier. we have xi jinping's plan to skip the g20 summit in rome. won't attend the meeting in person. already blaming china's covid protocols as a reason why he is not leaving the country. she has not been outside of china since january 2020. he has attended meetings virtually. the g20 meeting summit begins on october 30. democrat senator elizabeth warren criticized the leadership, saying jay powell shows bad judgment by failing to stop unusual trading activity by top officials. speaking on the senate floor, she questioned why jay powell did not prevent officials from making the investments. in a later interview, she repeated her opposition to powell's reappointment. >> i can't support jay powell for renomination. my view is he ends his term with somebody else in place. i think the fed will be better off and that economy will be safer. rishaad: the securities and exchange commission chair saying the u.s. will not follow china'

i am i am haidi stroud-watts in sydney. sophie: and imf sophie kamaruddin in hong kong.ey earnings reports.

. ♪ haidi: very good warning and welcome to "daybreak: australia."ng down to asia's major market open. shery: the top stories this hour, tech stocks climb