annabelle: thanks for your time, paul dobson from singapore.ou can get a roundup of the stories you need to know in today's edition of daybreak. terminal subscribers, it's also available on mobile. you can customize your settings so you only get news on the industries and apps that you care about. this is bloomberg. ♪ annabelle: microsoft shares have closed with the tree chewing dollar valuation for the first time as optimism over ai fuels and advance. it's now one of only two stocks to top that level along with apple. meanwhile the company has announced job cuts to 1900 positions across its gaming's division, including activision blizzard. chris joins us now. i'm interested because a lot of companies out there have ai offerings, but what is it about microsoft suite that stands out among the big tech landscape? >> their position in openai has been the big news there, you saw the news today about the ftc giving scrutiny of that and other operators. so that is the big story there. we'll games a very different, these cuts are being driven by the h

paul dobson from our markets team joins me this morning. start off with you and talk about whether or not this is fair to say, is the japanese economy recovering? paul: i think it is the name of the game and it comes to the way the boj is approaching everything. yes, the economy looks in good health. they did tweaks to their gdp forecast for the next couple of years. also to the inflation forecast in the statement that we had beforehand. the thing i think the markets have latched onto is this insertion into the statement that there boj is gradually moving towards its inflation goals. it has everybody perking up their ears thinking about that april timing for movers becoming just that little bit more certain after the latest commentary from the central bank. kriti: talk to us quickly about this currency picture. as we talk about where analysts are looking at where dollar-yen could go, it is still 150 that the line in the sand. 150 and 152 has created a little bit of panic. why aren't we seeing that number higher? paul: the yen is the worst pe

paul dobson joins us now. we did see a bit of a move higher for some chinese equities off the back of this, but the big question mark is whether that can be sustained. paul: yeah, exactly. the sort of immediate media reaction is a bit short covering , more optimism towards the market, yes, ok, there are sign something will finally be done to help the market out at the very least, but after that immediate sugar rush in the rebound yesterday, what investors want to see is confirmation of this news and what else is there. investors don't just want supportive measures for the equity market, but for the economy, in order to get consumer confidence back in china. it breaks the mindset we slipped into over the past few months and to really kind of get growth coming get spending going again. so that is the longer-term plate that investors are looking for. there is also to be honest skepticism about how effective this can be long-term in any case. we have had many efforts by china over the years to prop up the markets p

joining us for more analysis is bloomberg's executive editor for asian markets paul dobson. you. we've had this lack of seasonal firing driving up initial jobless claims figures yesterday. what are you expecting from the nonfarm payrolls report for december today? paul: that's the concern of everybody. that labor market data is looking stronger than expected. the narrative toward the end of last year in the u.s. was the labor market is starting to weaken starting to roll over. that fueled those bets the federal reserve was going to be able to start cutting interest rates may be as soon as march. when you would need to start cutting interest rates as soon as march depending how bad the data is. we have had the jobs numbers and the adp coming out stronger than expected. that has given the market caution. we have seen that figure back up yields pushing higher. people pairing their bets on when the federal reserve might move. the expectation, consensus for these figures is that we will see lower headline jobs numbers, we will see slower increase in average hourly earnings, slight

paul dubs and their -- dobson in singapore. some stocks moving in australia. off, the iron ore fortescue metals with the second order iron ore shipments higher quarter on quarter, but falling 2% on quarter from a year earlier, fortescue sang demand remain strong for iron ore. shares rising 2% at the moment. we heard from santos with its quarterly production numbers, maintaining 2024 outlook between 84 and 90 million barrels of oil equivalent and production 23 .4 million barrels equivalent was slightly higher in the third quarter coming into the fourth. shares rising slightly. materials doing well on the broader asx with the market her by .25%. bloomberg users can interact using gtv to browse recent charts featured on bloomberg tv. you can also catch up on key analysis and save those charts for future reference. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh annabelle: you are watching daybreak asia. taking a look at sk hynix. it is recovering so

annabelle: that was paul dobson joining us from singapore. candidates make their final push for votes ahead of elections this weekend that will set the course for relations with china. we report from a ruling party rally later this hour. first we are back live at the ubs greater china conference in shanghai with the bank's cohead of aipac m&a. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com annabelle: the ubs greater conferenc -- greater china conference is underway bringing together policymakers and investors. let's discuss the m&a landscape after the sectors worst year in a decade which saw global deals missing the $3 trillion mark. joining us exclusively is samson low, cohead of aipac m&a advisory at ubs. thank you for j