sk hynix beating estimates.ed a miss and sales of lg displays posted a bigger than expected loss while offering a conservative 2020 outlook as lcd prices fall. studiowatching asian makers after caterpillar cut their profit while deferring guidance. we are going to see whether we see pbi for china and construction outlook remain in tandem on the back of that. next hour,ext on the speaking with a jp morgan senior economist joining us to weigh in on the limits of central-bank policy. the market open is next. this is bloomberg. ♪ s is bloomberg. ♪ ♪ haidi: i'm haiti stroud-watts in sydney. good morning. shery: good evening from bloomberg's global headquarters in new york. i'm shery ahn. sophie: i'm sophie kamaruddin. welcome to "daybreak asia." ♪ haidi: and endings bonanza on wall street for microsoft, bumpy road for ford and tesla. in south korea, raising hopes the chip sector can ride out the trade war. shery: and while mark zuckerberg faces a congressional grilling out whyra, we found another project is the futur

we had other stocks like tokyo electron, sk hynix, have done very well, helping that index outperformader asian equity markets, and analysts have turned a lot more bullish on the chip sector. a slide in prices has slowed considerably in the third-quarter, and there is also some optimism that increasing investment in 5g will underpin demand for chips, and therefore, help chipmakers continue with this rally. shery: thank you so much for that. herof course, you can find charts on the gtv library on the bloomberg. there is mounting confusion about u.s. policy towards kurdish allies in syria and turkey. president trump appeared to make a major policy shift by allowing the u.s. -- by saying the u.s. would allow turkish military action over the border but later appeared to backpedal. ours crossover to washington correspondent. help us make sense of where the president and the white house stands on syria and turkey. theome shifting lines from white house lately. last night, we saw that the u.s. forces would be nowhere near and would not be involved. yes, turkey decided to invade syria. t

we are also watching out for sk hynix in sold tomorrow to give us a -- seoul tomorrow to give us a betterverview on the industry. had better than expected numbers from asml in europe. thank you so much. let's get the bloomberg business flash. >> wework has accepted a rescue package from softbank. the deal gives the conglomerate an 80% stake in wework. the rescue values wework's parent company at less than $8 billion. it also sees the founder give away his board seat and walk away with $1.2 billion in stock. saudierg has been told aramco will push to complete its initial public offering this year by relying more on local investors. sources say the state owned oil producer is considering a formal announcement as soon as the next few weeks. it was originally slated for october 20. overseas investors pushed back at aramco's to trillion dollar valuation. boeing says kevin mccalla cook -- kevin mcallister is stepping down amid the crisis engulfing the 737 max 8 and production problems with other planes. he is the highest ranking executive to depart in the wake of crashes in a worldwide groundin

the commentary is going to be interesting given we have had a rosy beat from the likes of sk hynix lasttalking about a man coming from 3g as well as the stabilization of chip prices. we are also looking at shipments in the third quarter looking stronger from samsung. finally, we are looking for more details on the smartphone business given all of the excitement over this and some -- over the samsung development -- with the galaxy full. good -- just some numbers crossing the bloomberg. the prophet coming in at 7.8 trillion one and consolidated sales number at 62,000,000,000,001 from samsung. continue to get more details on the final third-quarter earnings from samsung electronics soon. this is bloomberg. ♪ shery: this is daybreak: asia. coming hours, we will get another's sense of how well or unwell chinese economy is putting up a messed the slowdown and the trade war. dueracturing pmi data is for release. expecting it to follow further into contraction territory. our next guest is a little more optimistic. ethics rights and strategist. great to have you. let me start by painting a pictu