we appreciate your insights and congratulations on the recognition for morningstar.e with us today. appreciate it. >> thank you very much. >> tyler, i hope you didn't spoil the surprise for your son. >> no. he's got it. he got a nice new -- he graduated from eighth grade and got a very nice little computer for it. >> congrats, tyler thanks for watching "power lunch. "closing bell" starts now. >> it certainly does welcome to "closing bell." i'm wilfred frost alongside sara eisen. we have a huge selloff as we enter the final hour of trade. the dow down over 700 points, all of the major averages down around 2.5%. let's take a look at what's driving selling action a surge in coronavirus cases in texas, arizona, particularly also in florida. now some governors are instituting mandatory quarantines for travelers who in from those states. imf cut

rescue operation is ongoing they're trying to salvage a passenger ferry that actually sank which is morningstar now he said that at least 30 bodies have been recovered so far some people did swim ashore but he said that unless but passenger boat is salvage they want to know if there's body inside so his expectation there could be more bodies there not this happened 9 30 in the morning bangladesh time. major passenger terminal shut their gods which is 20 kilometers from here on the other side when both of the boat carrying passengers collided one of the bigger one m.b. more or did survive nothing happened to this one the smaller one did saying and that's where the casualty took place in the morning thank you for that. with the latest from the dish. in other world news china is allegedly carrying out a campaign to forcibly know a birth rate among the way gore minority the associated press news agencies investigation found hundreds of thousands of women have had to undergo pregnancy checks sterilization or abortion the chinese government has denied the allegations saying they're not based on facts

the ceo speaks exclusively to bloomberg, plus, we hear from a number of analysts, including morningstarent agents -- asia's officer. plenty more ahead. this is bloomberg. ♪ haidi: a very good morning. i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. welcome to "daybreak asia." president trump raises the stakes with china, signing a build announcing the oppression of uyghur muslim's. threatened retaliation against potential sanctions. asian markets face an uncertain start as optimism about a post

coming up on the next hour of daybreak asia, we are joined by a morningstar's director.relatively aggressive catch up and economic growth over the next two years. let's we will be speaking with bob o'donnell from tech analysis resource to get his thoughts about these changes from the apple update. the market open is up next. this is bloomberg. ♪ ♪ >> good evening from bloomberg possible headquarters in new york, i am shery ahn. >> marcus just open for trade. welcome to daybreak -- markets just opened for trade. welcome to daybreak asia. a tech search on wall street. -- surge on wall street. 2020 will be a big year for hong kong ipo's. more coming down the pipeline. the exclusive interview with the exchange this hour. and iphone home screens and updated ios. apple has major announcements including the end of that 15 year liaison with intel. let's get to the market action with sophie kamaruddin in hong kong. are seeing stocks in japan moved to the upside. we have these japanese equities and gains. checking in on the yen, other change after holding up five deb gain -- five

. >>> power through your morning when you wake up with morningstar 2 . >> remember you always have the power to know everywhere you go, when you download the ktvu fox 2 news app . >>> california now, has the second highest number of coronavirus cases in the country . recent surge of cases moved to stay ahead of new jersey and behind new york . almost 171,000 people in california have tested positive for the virus . so far 5400 people have died . the bay area has more than 19,000 confirmed cases, would 525 deaths . >>> 90s from now more indoor businesses, will resume in marin county . indoor sitting at restaurants will be allowed starting june 29, gems, hair salons nail salons and hotels can resume operations at the time . guidelines for allowing businesses to fall follow reopen and to prevent the spread of coronavirus was released yesterday . before reopening they must continue a site-specific protection plan showing they will reopen in a safe and clean manner for patrons and employees . >>> today businesses in san mateo county considered high risk are opening their doors for the first

>>the actress offered no additional details from her encounter with the chainsaw morningstar objects in hollywood, i'm david down. >>lonnie pointer of the musical group the pointer sisters has died at the age of 69 her sister anita made that announcement today, according to variety magazine. in a statement i need to calls her sister her best friend and says the family is devastated bonnie pointer helped found the group back in the 1970's and then pursued a solo career. the family's youngest sister june died in 2006. bonnie and a media released a tribute to her just a few months ago the cause of death has not yet been released. >>kron 4 is continuing to salute the class of 2020 every night we're shining the spotlight on a specific senior tonight we congratulate jerry johnson, jerry johnson went to pittsburgh high school this is his picture he will be majoring in business at the college of sam, a tail. jerry congratulations to you you can still submit a graduate go to kron 4 dot com find salute to grads twenty-twenty under the news tab give us a picture of your grad let us know which s

coming up, morningstar auto analysts join us to discuss the latest number out of china showing car sales -- risen for the first time in 10 years. market open is next. this is bloomberg. ♪ ♪ haidi: welcome to "daybreak: asia." i still you, japan and south korea have just opened for trade. stories, asian stocks such arise after the s&p wiped out its losses for the year, the dollar falls for an eighth debuted oil is little change in early asian trading after news outputudi arabia was -- curbs. and hong kong is back in business with ipo's the rage again. be heavily said to oversubscribed. tolor: let's get straight the market action. we do that with sophie. how is it looking? tokyo, kicking it off in stocks stalled after the nikkei saw a six-day game, the benchmark off about two tens of 1%. the ined to rebound, study after an overnight jump and the dollar with losses. indicator of the economy. let's check the opening in seoul. the kospi extended its rise for an eighth straight day. reaction in peace talks as north korea is readying to cut off communication with the south. firming below the 12

we will ask morningstar investments how this plays into china's bigger plan to overtake the u.s.bloomberg. ♪ the fed chairman is urging lawmakers not to pull back too quickly on relief for the coronavirus and made increasing debate over whether to extend programs intended to shield homes and businesses from the pandemic. he told the house financial services committee he things it is a concern they remove support to early. he said the economy is recovering but federal aid is still required. new zealand has entered its first recession and almost a decade. gdp falling 1.6% in the fourth quarter through march. new zealand like other countries is expecting a much worse period after the pandemic forced it to close borders and shut down the economy. the government pledged $40 million to help the recovery. the white house is taking legal action against former national security advisor john bolton, seeking an injunction to prevent him from publishing a new book. trump apparently sought help from china to get himself reelected. his campaign team dismissed the claim. to european union is mo

we appreciate your insights and congratulations on the recognition for morningstar. we're glad you're with us today. appreciate it. >> thank you very much. >> tyler, i hope you didn't spoil the surprise for your son. >> no. he's got it. he got a nice new -- he graduated from eighth grade and got a very nice little computer for it. >> congrats, tyler thanks for watching "power lunch. "closing bell" starts now. >> it certainly does welcome to "closing bell." i'm wilfred frost alongside sara eisen. we have a huge selloff as we enter the final hour of trade. the dow down over 700 points, all of the major averages down around 2.5%. let's take a look at what's driving selling action a surge in coronavirus cases in texas, arizona, particularly also in florida. now some governors are instituting mandatory quarantines for travelers who in from those states. imf cut outlook again, sees contracting by 5% this year and within the s&p headlines like those punishing reopening trades, punishing pretty much everything as you can see behind me particularly the likes of norwegian crui

he passionately contributed to local charities like morningstar mission, make-a-wish foundation, boy scouts of america and cornerstone, among many others. he was a lifelong parishioners of the catholic church in wilmington and was a ukeries stick member and a member of the knights of columbus. i can't begin to do justice to the legacy he leaves behind. but to his wife, irene, his six children and all the rest of his loved ones, please know how much well-cared for and how much we all respected larry and how greatly he will be missed. thank you. i yield back. mrs.g officer: the senator from tennessee. mrs. blackburn: thank you madam president. are we in a quorum call? the presiding officer: no, we are not. mrs. blackburn: we are not. thank you, madam president. as i do every week, this past weekend i went back to tennessee and i'll tell you it really did my heart a lot of good to see people that are out and about and they're enjoying beautiful weather and enjoying our beautiful state. nashville is beginning to open the doors of our music venues, our church bells are ringing and people