i am paul allen in sydney. shery: i am shery ahn in new york. sophie: i am sophie kamaruddin in hong kong. we are counting down to the asia open. paul: here are the top stories we are covering. china recommit to a further opening of the economy with easier regulations and lower financing costs for private companies. the bushfires ray john in new south wales with at least eight people died. the government denies a link to climate change. boeing brings its failed spacecraft, at the end of a difficult year for the company. get you started with a quick check of the markets. the u.s. session on friday, markets wrap at record highs with the dow seeing its biggest gain in a week. the s&p 500 seeing the biggest weekly gain since september. we had health care and tach leading the gains on the s&p 500. strong consumer numbers out of the u.s. gave the market a boost. we are setting up for a holiday light calendar this week. most stock markets across the world will be closed on december 5. we have u.s. new-home sales numbers to look forward to on the monday

i am paul allen in sydney. shery: good evening. i am shery ahn. am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this new year's eve, it is a done deal. white house trade advisor peter navarro says phase one of the u.s. china trade agreement will be signed early january. china's official pmi numbers are due out later and may show continued expansion as president she prepares

i'm paul allen. shery: i'm shery ahn. latest headlines on the usmca trade deal between the u.s., mexico and canada. we are hearing from house speaker nancy pelosi saying the final deal has not been agreed to, but they must see the implementation of legislation. we heard the canadian representative and u.s. were presented to this trade deal are flying into mexico on tuesday. krista friedland is likely to join the talks and makes a coat, saying she is set to meet ambassador light hauser and mexican officials on trade as well. we heard from president trump saying the nafta 2.0 is looking good. now, we are hearing from nancy pelosi that they still have to see implementation legislation. let's bring our economic editor sarah mcgregor with the latest. that is all we heard from nancy pelosi that the usmca deal has not been agreed to. what could be deterring that democrats from pulling the trigger on this deal? sarah: this just shows the complexity of halley all of these vested interests in the final stages of the usmca talks. i

paul: good morning i'm paul allen in cindy. we are -- in sydney. shery: good evening from new york. i'm shery ahn. : i'm sophie kamaruddin in hong kong. welcome to daybreak asia. paul: our top stories, china recommit to a further opening of the economy. lower financing costs for private companies. more clashes in hong kong as an officer draws his gun after protesters tried to vandalize the chinese flag. shery: the bank of america boss is optimistic going into 2020 but warns overleveraged companies pose a worrying threat. the markets coming online. sophie? losses for sydney stocks after a decline for the asx. bonds rising above 130 basis points, climbing to a july 23 hi. nikkei futures slightly higher this morning. the kospi potentially building on gains after posting a high on friday amid signs of overheating for the index. we will watch for korean exports data later this morning, another weak print is coming. a nikkei news report japan decided to use export controls on south korea. the president is to meet with xi jinping this monday in beijing. paul: first word news, this is su kee

let's get you first word news with paul allen. ul: china is reiterating that it wants tariffs rolled back before any trade deal can be agreed. the u.s. plans that scrapped new levies cannot replace the lifting of existing measures. they also said the u.s. interference in china internal affairs and buying of american commodities could threaten any potential trade agreements. police and protesters clashed again and hong kong over the weekend. blocked roads and set fire to the entrance of a subway station. thousands of people marched in the busy district, angry that the government offered nothing in despite democratic wins the district council elections and support from the u.s. congress. reports from japan say the government is putting together a fiscal stimulus package that could be worth more than $90 billion. nikkei news says ministers will discuss the plan with the ruling ldp this week. the economy is stuck in low gear and inflation start really weak -- stubbornly weak. asales tax increase and string of natural disasters. opec's

let's get you to first word news with paul allen in sydney. ul: boris johnson will paint the conservative party as a champion of law & order this week. london recovers from a terror attack that killed two people. the deaths throw a shadow over the election campaign and threatened to narrow the tory lead over labor less than two weeks out from the pope your the prime minister says he's determined to tighten security laws and blames opponents for failing to act. thehat i have said since last three or four months is i think the whole system of automatic early release, which was brought in by the labour party, it was under that system -- i have only been in office -- >> you are leader of the conservative party. the conservative party is in power for two years. >> one of the reasons we are having this election is because we have speech blocked by parliament amongst other things, brexit.t rex it -- we need to get it done to move forward. i think it's ridiculous. i think it's repulsive. paul: the german government faces crisis after its coalition part

paul: i am paul allen in sydney.d china's unveiled the neo- third major project in its lineup. tesla will start delivering china built cars on monday bringing more competition to electric vehicle makers. selina wang joins us from beijing with more. neo-has been under some financial faculty. what is the plan to stay afloat? reporter: it is only a few years spent much on marketing and product development and been burning through cash faster than tesla. the company has been scaling back on sis -- on spending. it has been scaling back on employees. it will be able to remain competitive despite the looming tesla threat. the company has received $100 million in notes from the ceo as well as tencent, which is a major shareholder. the company is restructuring its business and spinning off the non-core businesses. despite downsizing analysts have noted it will be difficult for nio to sustain its business. you got more financing otherwise and you could ramp up faster and continue to cut costs even further. things are starting

this is bloomberg. ♪ morning, i am paul allen in sydney. ts have opened for trade. .> good evening i am shery ahn welcome to "daybreak asia." ♪ paul: our top stories, -- pres. trump: finalized over the next couple weeks. paul: asian-pacific markets hope to extend the global stock rally, lifted by president trump's trade deal optimism. richest-- china's provinces spooking investors. confirms support for carrie lam and hong kong, but says it creates a complicated challenge. shery: optimism over the potential trade deal between china and the u.s., sending asian markets higher. the japanese nikkei gaining 0.5% and the topix, too. both indices close to the overbought levels. the japanese yen holding steady, after weakening for the past three sessions against the u.s. dollar. we have a boj policy meeting this week. survey,g to a bloomberg expecting policy unchanged after prime minister abe implemented the $120 billion of fiscal measures. take a look at how other markets 0.1%.ading, kospi around the korean won fluctuating in the previous sessions.

paul: good morning, i am paul allen in sydney. we are an hour from the market open in japan and south korea. kathleen: i am kathleen hays. sophie: i am sophie kamaruddin. welcome to daybreak asia. ♪ paul: our top stories, expected shipments show why china needs a trade deal. theal demand is hurting economy. oil is expanding three days of gains after opec's deeper out what curves. -- output curves. kathleen: and the biggest demonstration in hong kong in months. the protests will drag on into the new year. markets have opened. what do you see? gaining .2%.sx 200 ceosurprise resignation of futures are pointing higher. policy decisions from the fed and ecb as well as aramco's big trading debut in riyadh. and the fed will close out its current session this week with prime minister of a going to win a deal. we are waiting on japan final third quarter read which could be revised up. we will get a reading on china's credit data. seeing the offshore yuan holding steady, the weekly gain trading at the mid-levels. the aussie dollar under pres

this is bloomberg. ♪ this is bloomberg. ♪ y95óóo paul: good morning, i am paul allen in sydney. rket open in japan and south korea. kathleen: i am kathleen hays. sophie: i am sophie kamaruddin. welcome to daybreak asia. ♪ paul: our top stories, expected shipments show why china needs a trade deal. theal demand is hurting economy.

i'm paul allen and sydney. we are under a market -- we are under an hour away from market open in japan and south korea. sophie: welcome to "daybreak asia." ♪ paul: our top stories this thursday -- no change at the fed. rates remain on hold as expected. jay powell indicates little chance of a move in the coming year. sterling will be in the spotlight is the u.k. heads to the polls. source -- sores -- soars. australian markets have just open for trade. let's turn to sophie for what to watch. sophie: it's hitting the snooze button with markets little changed to the downside. aussie dollar just retreating a touch. we are also keeping an eye on what is happening with the u.k. election taking place thursday and india very much focused as we get health checks on the economy. we are also waiting on japanese machine orders. we have singapore on the docket as well. paul: thanks very much. let's check in on first word news with ritika gupta. ritika: the u.k. vote later thursday in an election that will define its relation

paul: i am paul allen.al sales forecast as component shortages from intel hurt growth prospects. now we are joined by the del technologies aipac and japan global president. thank you for joining us. i need to start with the big story of the weekend. u.s.-china trade reaching a phase one agreement. is that going to give a lift for business? good morning and thank you for having me. it is an exciting time to be in the business, given the data growth everywhere and new outcomes and businesses getting built on the back of dell technologies. part of our electricity and steam powering the businesses and internet, changing the business, data will define the next era of business. we can talk more about it. say we do believe in free trade and our ability to serve customers with multiple factories. we have 25 plus locations. the outcomes people are looking for in terms of digital outcomes . we welcome any progress towards free trade and globalization off of our supply chain. has this made any differences to your supp

i am paul allen. we are under an hour away from the market open. shery: i'm shery ahn. sophie: i'm sophie kamaruddin in hong kong. :elcome to "daybreakl asia." ♪ paul: our top stories this wednesday. details emerged of how china will buy more u.s. goods. ethanol tariffs will be lifted. some incoming shippers might be coming from hong kong to the mainland. fedex plunges after delivering a lower profit forecast for the second straight quarter. it flames week international demand and investment in e-commerce. shery: this hour brings another snapshot of the japanese economy. trade data may show the deficit balloon in november. first, let's get you to the market action. australia has come online. sophie: aussie shares opening, a little change to the upside with the benchmark two-point shot of a fresh record. the aussie dollar holding losses after the rba reinforced the inw for its rba rate cut february. pricing at a 59% chance. thailand rates decision. expect it to stay steady as it is stabilizing. we also waiting on japan's november trade data later this morning. nikkei futu

i am paul allen in sydney. shery: good evening. i am shery ahn. sophie: and i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this new year's eve, it is a done deal. white house trade advisor peter navarro says phase one of the u.s. china trade agreement will be signed early january. china's official pmi numbers are due out later and may show continued expansion as president she prepares his new year's address. is set to be ghosn in lebanon. one source tells us he fled japan ahead of a trial and financial misconduct charges. markets in asia are winding down for the year. australia's equity market closes early this new year. sophie has a final session -- how is the final session of the year looking? sophie: some pressure coming through. the aussie share market off 1.2% , trimming the year-to-date gain but still set for the best year since 2009. e-mini's little changed. nikkei futures in singapore off by 1% and the bloomberg dollar index extending declines for a fourth straight session as the greenback is set for

i am paul allen in sydney. shery: i am shery ahn in new york. next guest sees volatility ahead with idiosyncratic risks. joining us now from hong kong, the capital founder and cio, monica. rate to have you with us. how exposed is this asset class to trade woes as we continue to negotiations on china-u.s. trade? monica: actually, our markets have not been moving so much with the trade talks and the headlines. as well as equities in our asset class. recently, we have been rocked idiosyncratic risks. in particular, in china, in the last few weeks, we had big moves in certain bonds that have dragged down sentiment that relates to how we price and reassess risks associated with reliance on government support. shery:shery: where in asia are you seeing the opportunities? monica: in china, we continue to see that chinese property high-yield bonds are especially cheap. we have highlighted previously bonds.single b, overall, i would say property bonds today are fairly consensus trade. we really need to dig in and look at name by name, particularly in prop

ahn in new york and paul allen in sydney. isn't just facing antitrust probes in the u.s., the uk's investigating its $2.6 billion takeover of data sciences. a cease-and-desist was issued to prevent the companies from integrating services. the agency wants relevant information from the companies before december 20 as it decides whether or not to launch a formal prop. the u.s. is bringing charges and people court.nst the u.s. justice department said the hacking group is behind some of the worst computer hacking in the past decade. two russians are charged and the u.s. treasury department accuses the russian government of things to people court. corp.l you might not be want -- you might not want to be caught taking a selfie, that's what boris johnson was guilty of on a morning program a day after he said at the nato summit that his country could follow in the footsteps of its allies trying to ban the chinese telecom from its networks. the those are the global tech stores were watching at the moment. shery: now on a more serious

i'm paul allen and sydney. we are under an hour away from the market open. from: good evening bloomberg world headquarters in new york. i'm shery ahn. sophie: i'm sophie kamaruddin. welcome to "daybreak asia." paul: our top stories this thursday, house democrats lay out their case for impeachment. in outrage, president trump compares the proceedings to the salem witch trials. micron jumps on strong quarterly .orecast indonesia decides later thursday while the boj starts a meeting. a straily markets have just open. sophie, what are you seeing? markets have just opened. saw steepening for u.s. bonds, pushing the u.s. 10-year yield to a five-week high, and the kiwi dollar off about .1%, reversing the earlier spike we saw on the back of new zealand hosting a faster than forecast gdp report on a quarterly basis, which may provide relief to the rbc. nikkei futures holding steady. we're expecting a mixed session in asia as we have plenty of rate decisions on tap from indonesia, taiwan, hong kong, along with the boj meeting under japanese as we see stocks perhaps get

i am paul allen in sydney. asia's major markets have just opened for trade. shery: i am shery ahn. sophie: and i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this tuesday, dennis muilenburg pays the price for tumultuous year at boeing. max crisishe 737 and the failed space station. a multiple policy drive from monetary policy settings to more free trade. shery: pressure mounts on narendra modi as he struggles with his unpopular citizenship law. the bjp is headed for defeat. let's get you to japan. we are getting the latest minutes from the bank of japan's october meeting. boj members saying it is appropriate to clarify the downward bias for rates. it overhauls their forward gardens and they are saying it is important to enhance cooperation with the japanese government. this was back in october before the $120 billion in fiscal measures announced by the japanese government this month, so let's get straight to the market action. we have the open in japan in south korea. and south korea. open in japan and south korea. sophie: we have little in th

this is bloomberg. ♪ ♪ >> good morning, i am paul allen in sydney. just opened for trade. >> i am shery ahn. sophie: i am sophie kamaruddin. welcome to daybreak asia. paul: our top stories this monday, volumes may be low but sentiment seems high as markets enjoy a year and recovery. can the yuletide cheer continue this week? the financial secretary says the economy is set to end of the year

i'm taylor riggs with shery ahn in new york and paul allen in sydney. ke a look at the top global tech stories of the day. paul: thanks. the world's fourth largest smartphone maker is making his move in japan. shall me is entering the japanese market with a budget friendly smartphone and fitness tracker. the company is making the phone available for media preorder with shipment starting december 16. xiamoi will face a tough challenge in japan where the market is shrinking and dominated by apple. speaking of apple, what was once a routine corporate espionage case now involves surface-to-air missiles. the u.s. an engineer is accused of stealing trade secrets from a chinese start of and files for the ma patriot missile program. the documents which belong to raytheon are not permitted to be taken outside of the department of defense secure locations. takingnese government is steps to remove foreign technology from state agencies and other organizations. beijing will likely replace as many as 20 million computers over the next three years. that is according t

i am paul allen in sydney. shery: good evening. i am shery ahn. amaruddin in kuala lumpur. you are watching "daybreak asia ." paul: our top stories this friday, asian investors are hoping for gains as christmas cheer gives u.s. markets a bump and boost. it is mixed for japanese eco-data. factory output fell again. retail

>> good morning, i am paul allen in sydney. asia's markets have just opened for trade. >> i am shery ahn. sophie: i am sophie kamaruddin. welcome to daybreak asia. paul: our top stories this monday, volumes may be low but sentiment seems high as markets enjoy a year and recovery. can the yuletide cheer continue this week? the financial secretary says the economy is set to end of the year in contraction as months of protests take their toll. shery: china continues to push the liberalized market with a more flexible loan. japan and south korea have come online. let's get straight market action. offie: the nikkei 225 is .3%. best court of the again since 2016. asian stocks are drifting toward the year end. we are digesting the latest figures. we are going to be getting hong kong trade numbers. taking a look at was going on in sydney. we are seeing shares snap a three-year game. paul: let's get you up-to-date with the first word news. wildfires in australia are expected to get worse this year -- week amid rising temperatures. -- 122

i am paul allen in sydney. asia's major markets have just opened for trade. shery: i am shery ahn. i am sophie kamaruddin in hong kong. welcome to "daybreak asia." paul: our top stories this tuesday, dennis muilenburg pays the price for tumultuous year at boeing. max crisishe 737 and the failed space station.

i am paul allen. we are under one hour away from the market open in japan and south korea. shery: good evening from new york. i'm shery ahn. sophie: i am sophie kamaruddin in hong kong. welcome to daybreak: asia. ♪ paul: the top story this tuesday -- u.s. and china in daily contact on trade as the clock ticks down to the tariff deadlines. new duties being delayed. progress for the new nafta. that seems a political win for president trump and democrats say it is good for american workers. aramco preparest makes the trading day boom. still considering a secondary listing in asia. shery: we have breaking news out of south korea. the unemployment rate coming in at 3.6% for the month of november. this is higher than the estimates of 3.5%. we have seen three months of unemployment rate going up in south korea. for the month of november, the adjusted jobless rate at 3.6%. the government saying they added 331,000 jobs in november versus 419,000 jobs in october. we have seen a lot of pressure for the south commodity. sector seen private employment really under pressure. declines in

in newlor with shery ahn york and paul allen. ke a look at the top global tech stories of the day. paul: another google employee says she was fired for illegally advocating for labor rights within the company. she says she was terminated on friday. she had developed an notification that told her colleagues they had the right to participate in labor organizing if they visit antiunion websites. she says google told her she violated security policies. the u.s. government is weighing new limits on sales of chips and other vital components to huawei, sparking another furious route of lobbying. the industry associations representing u.s. chipmakers, software companies and manufacturers have written to secretary of commerce wilbur ross in recent weeks, arguing against the changes. to at least hear them out before introducing tougher rules to close what u.s. officials consider loopholes as american companies keep working with huawei. ofek is preparing to buy 10% bluebird, according to people close to the deal. gojek would pay about $30 mi

this is bloomberg. ♪ paul: good morning, i am paul allen in sydney.he market open in japan and south korea. kathleen: i am kathleen hays. welcome to daybreak asia. ♪ kathleen: let's take a look at our top stories, the u.s. and china welcome the trade deal and take new tariffs off the table but robert lighthizer warns important issues remain. th

with shery ahns, in new york and paul allen in sydney.ia ruling in favor koukalova who is to blame for online hate speech. the verdict reaffirms a decision saying google is not liable for defamatory content posted on the platform after 2009. still be able to be brought before justice. co-founder empire is expanding. he's investing $10 million in german based g2 e-sports. it raised more than $72 million earlier this year and valued at around $100 million. theould help them penetrate 560 million market in china. more details on the apple's corporate espionage case that involves patriot missile's. a judge voiced concerns it would be risky to end monetary monitoring. revealedrs previously a search of the maryland home of one of the suspects turned up classified files from the patriot missile program. those other top global stories we are watching. taylor: thanks. now, to our continued look -- i have something in my throat -- the continued look at the u.s. versus tictok. under pressure over officials that are worried about that practices. exec

i'm paul allen in sydney. kathleen: good evening. from bloomberg's global headquarters in new york, i'm kathleen hays. sophie: i'm sophie kamaruddin in hong kong. welcome to "daybreak: asia." paul: our top stories this monday, optimistic numbers from japan. the economy grew more than expected in the third quarter. weaker than expected shipments show why china needs a trade deal. sliding global demand is increasingly hurting the mainland economy. kathleen: thousands join hong kong's biggest demonstration in months. the protests may drag on into the new year. let's get straight to the market action. what are you watching? sophie: this monday, stocks in tokyo are gaining ground. the nikkei to 25 adding 0.7 pipe -- 0.7%. 225 economy -- the nikkei adding 0.7%. the economy grew. jesper sees a payoff in 2020 with likely massive boom in productivity. checking on the yen, holding at about mid-108 levels. we are seeing the kospi gain ground, up 0.4%. the korean won is also looking stronger. we are seeing gains for the asx 200. there was a surpr

i am paul allen in sydney. shery: good evening. i am shery ahn. i'm sophie kamaruddin in kuala lumpur. you are watching "daybreak asia ." paul: our top stories this friday, asian investors are hoping for gains as christmas cheer gives u.s. markets a bump and boost. it is mixed for japanese eco-data. factory output fell again. retail sales is appointed. consumer prices beat forecasts. shery: shinzo abe faces year-end pressure. his popularity is sinking to its lowest in more than a year. japan is coming online alongside the south korea as well. let's get straight to the market action with sophie. sophie. sophie: we are in the final stretch of 2019. japanese stocks did manage to pull through on thursday. the topix with an eight day drop. the topix hitting ground along with the nikkei 225. today, stocks are trading ex-dividend today. let's check in on the open in seoul. we are seeing downside moves for the kospi. we will see what the index can crack 2200 points. switching it now to check in on the mood in sydney, the asx 200 gaining some ground with go

paul allen is with us in sydney with an update on the first word news. paul: president trump is facing criticism from political opponents and some supporters for reach leading a social media post that names the alleged whistleblower. the complaint from the whistleblower triggered the inquiry that led to impeachment. there are laws protecting whistleblowers from retaliation. house aides has kim jong-un may have reconsidered his so called christmas gift to the u.s. thanks to diplomacy efforts of president trump. north korea suggested a gift would be forthcoming after demanding additional concessions as part of a stalled nuclear talk. national security advisor robert o'brien says the u.s. is ready to respond should kim fire additional long-range missiles. the philippines disaster response agency says at least 41 people are known to have been killed by a typhoon that hit the country christmas eve. dozens more are missing and injured and the agency says the damage to local crops and infrastructure totals near $20 million. the typhoon was the 21st cyclone to hi

i am paul allen in sydney.heck of the latest business headlines. more bumps on the road for uber in europe as it lost another ruling in germany after a court and it from processing orders for the company through its app. the business model is anti-competitive and lacks enough control over some of the practices of german companies that users. customers can still order regular taxis via the uber app. shery: there is less time for luxury watch buying in china. they fell after switch watch export figures showed an unexpected slump in mainland sales and week trends in hong kong. despite a year of economic uncertainty, luxury demands have shown resilience, but analysts are more worried this time. it has prompted a first round of sector earning downgrades in more than three years. and --ech companies tivo equity athe combined combined value of $2.4 billion. it values people shares at a 21% premium. tivo shareholders would own 54% of the company which would be run by john kershner. tivo surged. still to come in the nex

bloomberg's paul allen and i sat down with kurt wagner on tuesday. >> we are told these are delayed andwill be rescheduled in the new year. part of the issue is you may have heard other things o

i am paul allen in sydney. >> i am shery ahn. sophie: i am sophie kamaruddin. we are counting down.e are the top stories we are covering. volumes are low but sentiment seems high. the yield teicher continues this week --

paul: good morning, i'm paul allen in sydney. we are under an hour away from the market open in japan and south korea. to "bloomberge daybreak: asia." paul: our top stories this friday, aramco raises $25 billion and is valued at 1.7 trillion dollars. ipo pricing comes as opec agrees to formalize output restrictions. nancy pelosi turns a screw on president trump. the impeachment process is on the fast track and about may come before christmas. shery: blackstone says geopolitical tensions remain the biggest threat as we head into 2020. we hear from steve schwarzman this hour. is ready markets have open for trade. what are you seeing? steady, butholding still on course for a more than adding moreop after pressure to the earnings outlook. totralian companies expected see the worst profit growth in 2020 where southeast asia is forecast to come out on top, followed by india, even in the face of expansion. nikkei futures are pointing ther after japan joined physical spinning bandwagon. today will get it gauge on household spending as wel

i am paul allen in sydney, where markets are just opened. >> good evening from bloomberg's global headquarters. i am shery on. >> and i am sophie kamaruddin in hong kong. will come today rick eri -- daybreak: asia. ♪ paula: in our top stories this new year's eve, it is a done deal. white house street advisor peter navarro says phase one of the u.s.-china trade agreement will be signed in january. china's official pmi numbers out later, as president xi prepares

i'm paul allen, this is bloomberg. let's have a look at what is going on in the markets. just coming back from its lunch break. down a fraction. that still remains the case. a bad time of it at the moment. korean air. a family feud has been simmering theover the last few days, share price of korean air has been falling. kospi has been dragged down because of that. let's take a look at what is going on in chengdu. this is where we've got this trilateral summit taking place between south korea, japan, and china. a joint meeting briefing. one of the reasons they are together is to discuss trade and also perhaps trying to resolve the differences which have been causing a big rift between seoul and tokyo and the chinese perhaps leading a mediation rule with regard to that. haslinda: that's right. it is important that the two countries, south korea and japan, ease tensions between the two sides. to give us a sense about the two sectors, they are pretty much important to the two countries. as much as the leaders may want to mend ties, you have to take a look at public opinion he

i'm paul allen and sydney. we are under an hour away from the market open in japan and south korea.oomberg world headquarters in new york. i'm shery ahn. sophie: i'm sophie kamaruddin and co. will import. daybreakwatching " asia." -- i'm sophie kamaruddin in .uala lumpur paul: our top stories this friday -- christmas cheer for friday aztec gains internet stack above 9000

i'm paul allen and sydney. a market -- we are under an hour away from market open in japan and south korea. sophie: welcome to "daybreak asia." ♪ paul: our top stories this thursday -- no change at the fed. rates remain on hold as expected. jay powell indicates little chance of a move in the coming year. sterling will be in the spotlight is the u.k. heads to the

i'm paul allen and sydney. we are under an hour away from the market open. ning bloomberg world headquarters in new york. i'm shery ahn. sophie: i'm sophie kamaruddin. welcome to "daybreak asia." paul: our top stories this thursday, house democrats lay out their case for impeachment. in outrage, president trump compares the proceedings to the salem witch trials. micron jumps on strong

i am paul allen in sydney. shery: i am shery ahn in new york. e kamaruddin in hong kong. we are counting down to the asia open. paul: here are the top stories we are covering. china recommit to a further opening of the economy with easier regulations and lower financing costs for private companies. the bushfires ray john in new south wales with at least eight

bloomberg paul allen from sydney and i got digital's from bloomberg -- got details from bloomberg sophiedin in hong kong. sophie: plenty of cheers not only filed above about also hong kong which is now home to two of asia's most valuable companies. we had the daniel zhang, the ceo of alibaba, joined onstage by hong kong's chief secretary, a former chief executive, and dancing mascots. alibaba shares opened at 187 hong kong dollars, above the 186 issuance price. shares rose as much as 8% before closing at 187.80. it was the most actively traded stock in hong kong far outpacing tencent, which has been bumped down to second place as hong kong's most vulnerable market cap. we have abr's in new york rising for a fourth straight day, claiming the narrow premium to the hong kong-listed shares, which could reflect traders looking for arbitrage opportunities. analysts are bullish, 58 buy-holds, to 1 hold. taylor: we spoke to an analyst at the stop of the hour, and they are saying they now have $44 billion of cash on the balance sheet. where are they spending? sophie: alibaba did not necessarily n

i'm joining sherry and in new york and paul allen in sydney. take a look at the other top stories. reporter: bloomberg learned tesla may cut the price of the china made model three sedan by 20% or more next year. tesla is betting the move will lure buyers in the world's largest market for electric vehicles. new york city is waiting on apple. a year ago, apple announced it was bringing hundreds of jobs to the city, but now new york's real estate industry is wondering when the company will make its move. apple has a limited presence here beyond its retail stores. meanwhile, google and facebook have become two of manhattan's biggest tenants, a sign the tech companies are tapping into the educated workforce. apple, google, amazon are wanting one language for smart home devices. they are joining up with an alliance that promotes standards for the internet of things. the goal -- to come up with a way to make internet of things and interconnected homes easier to use. those are the top global tech stories we are watching. taylor: thank you. micron repo

bloomberg's paul allen and i sat down with our own kurt wagner on tuesday.e are told these are delayed, and that they will be rescheduled in the new year. part of the issue is, you may have heard other things going on in washington, d.c. these days with the potential impeachment of the u.s. president. as a result, the feeling from the tiktoc side was there is a lots going on right now. not the best times to be having these meetings. of course, some of these senators are curious as to why they pulled the plug but we should be hearing about these again in 2020. paul: when those meetings take place, what kind of questions will the senators want answered? kurt: all of the biggest questions have to do with user privacy and data storage. it is owned by a massive chinese technology company. there are is a lot of concern around -- where this information is being stored? is it being stored in the u.s., in mainland china? really talking to the company. this is a relatively new app and company to most of the u.s., especially most politicians. really getting basic quest

senators that were set to take place in washington this week. .loomberg's paul allen >> we told -- weold these are delayed and will be rescheduled in the new year. may of the issue, as you have heard is there are other things going on in washington, d.c. with the potential impeachment of the president. as a result, i think the feeling from the tiktok side was that there was a lot going on, probably not the best time to be having these meetings. some of these senators are curious why they pulled the plug, but in theory we should be hearing about these again in 2020. >> when those meetings do take place, what kinds of questions are the senators going to want answered? >> all of the biggest questions right now have to do with user privacy and data storage. -- which is ad by chinese technology company. there is a lot of concern about where this this information being stored? is it being stored in the united states? really just talking to the company. this is a relatively new company to most of the united states, but to most politicians. getting basic questions answered about how the busin

bloomberg's paul allen and i sat down with kurt wagner on tuesday. >> we are told these are delayed and be rescheduled in the new year. part of the issue is you may have heard other things going on in washington, d.c. these days with the potential impeachment of the u.s. president. as a result, the feeling from the tiktoc side was there is a lots going on right now. not the best times to be having these meetings. of course, some of these centers are curious as to why they pulled the plug but we should be hearing about these again in 2020. paul: when those meetings take place, what kind of questions will the senators want answered? kurt: all of the biggest questions have to do with user privacy and data storage. it is owned by a massive chinese technology company. there are is a lot of concern around where this information is being stored. is it being stored in the u.s., mainland china? really talking to the company. this is a relatively new app and company to most of the u.s., especially most politicians. getting basic questions about how the business works. what the data is collected a