what can we expect from the rba today?ead of the forecast on friday, as you suggested, no changes expected to the cash rate or the three year yield target. given the developments we are asking for the second largest city where the state of disaster has been declared with the coronavirus, we would expect a more dovish tone into the rba statement. the extended lockdown and curfew will early have negative implications for the economy and the labor market. the question for the rba is whether these events overshadow what would have been better than expected outcomes across the rest of australia that we would have seen the rba laste a forecast that was updated in may. economists are expecting around a .5 percentage point hit to third-quarter gdp on the situation in victoria. however, they are still expecting a growth from pent-up demand with broader easing of restrictions stimulating activity in the quarter. the key concern for the rba is beyond the virus spreading acrossis the uncertainty the broader economy and if it weighs on

the rba decision day today. the first monetary policy decision since the virus worsened in victoria, leading to these stricter restrictions. we will have a preview, next. this is bloomberg. ♪ shery: a quick check of the latest business flash headlines. a brazilian development bank is set to be considering the sale of $1 billion of shares -- offload $1 billion of petrobras, taking advantage of this year's stock market risen inly, which has value since the new year while petrobras has almost doubled in the same period. they hold about 8% of the oil producer and 6%. aig has posted a mere $8 billion second-quarter loss, driven by the sale of a majority stake in a business of on-off policies along with rising costs from the coronavirus and civil unrest. the sale of fortitude group announced late last year and completed in june was used to do you risk the balance sheet. adjusted net income of 66 cents per share beat the estimate in a bloomberg survey. u.s. aviation regulators have given boeing a long list of fixes req

coming up, it is rba decision day. restrictions in victoria yet another issue for the governor to get his forecast and policy settings around. jo masters masters will be joining us to preview that central bank decision. this is bloomberg. ♪ shery: you are watching daybreak australia. let's go back to sophie kamaruddin for another check of how we are setting up in asia. sophie: this tuesday, we could be looking at gains for asian stocks after the overnight advance on wall street which is led higher by tech. for the moment, we are seeing s&p futures little changed as nikkei futures in chicago after the overnight advance. the 106hovering around handle. this as we are seeing the dollar hold gains. little changed after two days advance. check out the aussie hovering back around 71, but under pressure ahead of the rba decision. a dovish tone expected, they expect this will push australian real yields lower with the yield curve to fall by 25 to 50 basis points given that real rates have dropped to the same extent we saw in th

the rba sees unemployment peaking at 10% in the fourth quarter.overy in the job market until late 2022. it is a pretty dire forecast. if there's any discussion of the toolkit, what more they could do, what forward guidance. could they do something with yield curve control? negative rates are interesting. when phil lowe spoke to parliament a few days ago, he was asked about negative rates, would it help bring down the australian dollar? he said he didn't think that would be the right move. he said he would not rule negative rates out. to see if there's any mention, hint or something like that. shery: kathleen hays there. whyng up in the next hour, she thinks growth stocks in the north american region will continue. plus, we preview the democratic national convention with charles myers. the convention set to kick off in a few hours time. haidi: and checking in on markets, we are seeing trading in new zealand underway. we are seeing futures trading in the u.s. ready flat at the moment after the s&p 500 managed to exceed the record high and then retre

what do we expect from the rba investors?don't expect much at least when it comes to the cash rate. su-lin: no they don't and it's fiscal policy that has to do more and could be more effective at this stage of the cycle, much more targeted. but we don't think that goes for the rba. they won't stand by if activity underwhelm's. they will continue to lend support and we have seen bond buying from them to send the signal that they are there and they have the scope to do more if needed, whether by stepping up their bond purchases, tinkering with the yield curve target, and other measures as well. from the bank, following its board meeting, we will be interested to see what they say about the currency. higher thany a bit they would like. they are partly can bidding to it even with their dovish tone and policy action, especially versus the fed. it's common around this australian dollar which pushed through overnight will be interesting. great having you with us. the rbc capital market chief economist there in sydney. let's get to t

the rba decision meeting. no change expected.r the impact on the aussie dollar 11 out of the last 12 meetings we have had, we have seen a rise in the currency, trading when it comes to aussie talks, down by .7% as we continue to see these chinands from the -australia tensions. an australian news journalist detained in beijing. in new zealand, downside, .7% as well in trading. coming up next, we will be updating you on the business sentiment in asia. the readings for manufacturing activity will be with us, getting that check as to how this pandemic recovery is faring across the region. this is bloomberg. ♪ karina: this is "daybreak asia." i am karina mitchell. south korea says it expects its debt ratio to reach a record after further increase in spending to support an economy reeling from the coronavirus. the government plans to boost fiscal expenditure by more than 8% to $470 billion in a draft budget that would push debt to 46% of gdp. korea's debt load was under 40% at the start of the year. damage from hurricane laura in the u

we have the rba meeting this week.xpected. 1%,ei futures up 7/10 of after we saw japanese stocks slumping on the flight to safety with the japanese yen strengthening as we saw confirmation that prime minister at a is exiting. -- prime mr. shinzo abe is exiting. this is bloomberg. ♪ ♪ experience the ultimate sports hub. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. down toe are counting asia's major market open. haidi: welcome to daybreak asia. our top stories. the tiktok clock is ticking. disposable u.s. as that require beijing's approval as china clamps down on ai sales. aberace to succeed shinzo includes a defense ministe

sentiment from the rba right here on bloomberg. ♪ ♪ is "daybreak: europe."s kept its yield unchanged at 0.25%. they are betting this will support the economic recovery. it will also end a three-month hiatus on bond purchases to keep yields online with its target. manus: some context, victoria, which accounts for almost 25% of the gdp, has imposed another tighter and longer lockdown. still with us is ali malik. i listened to kaplan, a contraction in the u.s. of 4.5%, and a look at australia and the rba this morning, talking about a 6% contraction. the worst economic outlook since the 1930's. i put it to you that markets are singularly ignoring the risks and what the risk actually is of -- 25% of australia is locked-in. ali: i agree with you, the market is being very optimistic. i would be very cautious putting in a new position at these levels. [indiscernible] u.s. economy contracting, quarter over quarter, 9.5%, the biggest drop since postwar levels. as, the market is on different ground from reality, and there is a huge gap between wall street and main stre

that may weigh on the rba's quarterly forecast due friday. the central bank is expected to affirm readiness to buy bonds if conditions worsen. heads up on the earnings docket today. highlights include hsbc and japan airlines. pulling up the terminal going into august, asian stocks have managed to wrap up a four-month again helped by the dollar's decline. are signs of renewed investor appetite for south korea and japanese stocks, and emerging asia becoming more attractive. switching out the chart, the e.m. stock gauge is close to erasing your today losses. they have turned overweight e.m. for the first time in two years. if we can switch out the chart and focus on the e.m. space because we can see whether that e.m. rebound could be sustained. but that could hang on a balance of a weak economic august. we will find out more with a bunch of asian pmi readings due today. switching out the chart what's again, tech could remain a bright spot hoping to drive the asian stock rebound from the march low. gains morgan's -- more for tech, especially some

steady,- yuan holding and the aussie dollar staying above 72, only a three-day gain before we get the rba economic forecast. we are also awaiting japanese household spending. consumer sentiment still under pressure. shiseido protecting the biggest animal -- predicting the biggest annual loss in two decades. with the focus on australia, we saw heightened consumer confidence in june, but the outlook is not flat. hong kong also stalled. but when it comes to potential domestic demand being revived, that is the case potentially in south korea, given the picked up demand for holiday goers who might spend cash at home. taking a look at what's going on broadly with asian stocks, we have seen korea and india lead that rise for ms eia pack stocks from the march low. --an rallies on an upswing asian equities rally on an upswing. global stocks have just about wiped out their losses for the year. the msci index passed a milestone just before the close of the markets in new york, shortgh they remain 0.7% of the open. 0.07% short of the open. is this market pre-much past perfection at this point, and if

waiting ona, we are the rba august meeting. changed ahead of that.e kiwi looking to extend its rally for the 11th straight day. the longest streak since 1985. as for stocks, we have these benchmarks. turning to bhb, they slashed their final dividend by 30% boosting city profits. bhp shares moving lower this morning by more than 1%. let's check in on csl. we're seeing gains for the health stock. astrazeneca is to preserve vaccine.us vexin-- >> the everything rally seems to have returned. you get u.s. stocks within shouting distance of a record. we are still back to that liquidity story given what we are seeing in the bond space. >> indeed. it does not seem to be as convincing as it was earlier in the year. suddenly got used to the idea that bonds and stocks could rally at the same time. we saw evidence of that yesterday. one of the areas you can tell that people are hesitating a bit , if you look at the aussie against the yen, that cross rate how good indicator as to confident people are in the direction of markets. even though the s&p 500 is on the v

brazilhe end you have tyler on rate decisions in the rba tomorrow.ata coming out of the philippines and indonesia. we had pmi today so july trade numbers. we talked about earnings so we will set that aside but white might be the biggest market moving event this week is out of emerging markets is the treasury. the u.s. treasury are expected to come out with a three-month plan on how much they plan to raise for the next three months. we all know the fiscal and the budget hole that they need to fill so that will probably be the market moving as they get an idea of how much supply is coming to the market and based on how much we have seen, appetite will remain robust. have poor -- numbers and a fresh and stricter lockdown and the virus surging. political intrigue on top of that. is this a nasty cocktail responsible for the markets in the philippines? >> and it is not even lunchtime. the central bank came out and confirmed the massive drop, i think it was a 20% drop last year. what was really unexpected to some extent was the stricter lockdown. we got the

we have the rba staying on hold. in new zealand, we are turning negative.rket data that the jobless numbers beat expectations. a busy day on the ego front across asia. a preview next. . this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. >> you are watching "daybreak: asia." i'm karina mitchell. the u.s. and china are planning new talks on trade, despite worsening tensions in recent days. dow jones says they have agreed to open high-level discussions on august 15 to assess beijing's compliance with the phase one deal at the end of the year. the u.s. has hammered china on a range of issues, includin

ray: i know you ran a report, somebodynk that is consistently critical of the rba.w zealand, and that inspires our view that the quasi-kiwi cross has more upside the new dollar in zealand currency cross has more upside. we think aussie dollar is headed back towards $.50. haidi: we appreciate your time, ray. we continue to get earnings coming through. these coming through now. l year lossng a ful for south32, declaring that final dividend of one cent. an underlying profit of $193 million, better than the $180 million expected. south32 declaring that special dividend per share of one dollar and one cent. we will be getting more on that speaking with the ceo and managing director, who will go through those results with those later on, and we will get more on how earnings will be impacting markets. arkets now closing at five-month high in yesterday's session, i positive set of results. this is bloomberg. ♪ we continue to watch earnings from some of the biggest companies today, including wesfarmers, south32, and qantas. we are waiting on santos for earnings. let's look a

the aussie dollar holding that three-day again before the rba quarterly monetary policy forecast. that report due out this hour. 72.33. we heard from phil evans in the previous hour saying he sees putting clear roads from here for the aussie to end up much higher by next year. dollar china, we are watching that. 69441. as we get that report on potential tightening of disclosure requirements for companies in the u.s., and we are seeing dollar china trading at near a five month high offshore ahead of key chinese trade numbers out today. getting a little bit of a training with the weekly gain after the advance being seen by some parts of the markets being a little bit frothy at this point. switch it over and taking a look at how china and hong kong futures are. the hang seng futures are on the rise after the selloff we saw on thursday day. that was led lower by tech on these worries that the u.s. might take more measures to limit the use of chinese tech as we continue to watch negotiations between microsoft are seeing but we hang seng futures up by .25% after closing lower yesterday.

what are you expecting in terms of the latest decisions by the r.b.i., rba, and bank of thailand as wellsay: i think it is fair to that they are going to reiterate a message of where we are here to support, we are going to continue with our measures, and should we need to take further action, they will. perhaps thet likely reserve bank of india, they cut. but the other banks, including australia, will continue to stay where they are. given the turn of events, particularly with regards to more stringent lockdowns in victoria, that is clearly going to be weighing on the outlook. shery: we also have the bank of england announcing the rate decision. really interesting that they usually unveil their new growth projections, but they are refusing to do that, insisting they will give out scenarios. how difficult has it become for policymakers to gauge where their economies are going at a time when we really don't know where the resurgence of the virus will occur? anne: that is so true. i mean, the shocking numbers that we have seen with gdp, the plunge, and then we are seeing the rebound with th

continue to watch thank you so much, see you next time >> we are joined after this break, don't go away 'rbawee ckn stwoines >>> high demand as work from home continues patt, good morning >> good morning, john. as always great to be with you >> great to see you and i have to give you credit i don't remember your exact quote, but months ago you said that tech was going to do better than companies in general. there is a dislocation that i have been talking about between what we see in on premise spending and cloud spending. give us your fame on why that is happening. people that had cloud projects under way just accelerated it. it was about getting things done, and it was an acceleration of cloud, but we do take a balanced view of that and we expect some recovery as we continue through the recovery and the under lying conditions of on premise environments, and the governance and privacy issues we see it as a balance for the long term, but clearly in this near term environment this is where it has been. >> how much of it comes back though there are some cloud players saying there will be a fund

rbnz did, when steven major uses that phrase, in other words, what the rbnz and the rba does come andhey did plenty today. they complained about the strength, they added qe of the said that by foreign actors, that's the benchmark and rewrites the narrative for central banks globally. that's a proposition i put to you this morning. good morning. nejra: exactly, increasing qe talk of negative rates has move the kiwi, it's the worst performing gtech currency against the dollar. you can see the kiwi there on the first market board, but also i want to highlight what's happening in gold, collapsing below $1900 an ounce after the biggest drop in seven years yesterday. consensus seems to be saying it was that jumping real yields which actually was led by what we saw in the tenure, jumping six basis points, the most since june, partly on economic optimism but also in anticipation of record supply coming through this week. he talked about the curve steepening, we certainly saw that as well. in terms of what happened in the equity markets, we're seeing some red on the screen in asia today. yeste

to do it in three to five years with the control balance, they have oaken about, and considering the rba at the moment for that, which is 023 years, it completely priced in. they cannot surprise on the upside. the only question is, if they are going to target average inflation, is that going to be credible? to hit really struggle core pcm for any length of time in the last 15 years -- and i personally think it is going to be difficult for them to push inflation expectations much higher. this is not just the u.s. look at japan, look at europe. these folks have not been up to pay down the interest rates, unlike the u.s., because their inflation expectations have not picked up. francine: thank you so much. bhanu baweja stays with us. coming up, on balance of power, ralph schlosstein kumutha evercore chief executive. schlosstein, the evercore chief executive. that is coming up at 2:00 p.m. in new york, 5:00 p.m. in london. and this is bloomberg. ♪ tom: good morning, everyone. "bloomberg surveillance." a good conversation with bhanu baweja of ubs. we have been talking about some really import

geoffrey: irrespective of what the rba said overnight, i am still very constructive owning aussie. it got some china tailwinds. property is inflating. nero, we are .omfortable adding long i am of that more concerned about being worried about disinflation. others are asking about the narrative. are we seeing a shift? is china going to push for a second wind of renminbi? jonathan: if someone says to me they like the aussie, they like the euro, i think they think we are going to get a pickup and cyclical growth and return to risk appetite. but when they say we are talking about dollar debasement, it is something else. which one is it? geoffrey: one is the short term. they get their covered reaction functions right. with government investment, that is a cyclical upturn. , what isollar story the future for with their currencies in this new policy paradigm that we have? all of the dollar's relationship to risk, to cash, that starts to change. jonathan: i can't let you go without getting you on this. did you ever think we would talk about the loss of reserve currency status with the index

in australia, we heard from the rba governor yesterday.'t really laid out all the trump cards, but we are expecting stimulus. and the jobs data later this year. so economic stimulus will continue further. the share market performance. unlikely to have recovery next year. yesterday on the back of the probe announced by china, what sectors could you be avoiding that could fall into that? it seems some of these consumer facing stocks can face a great deal of uncertainty as long as the tensions continue. workss a company that closely with treasury. much hit the nail on the head. companies that don't really have couldtal clear picture see a fall. week, theythat last reported mostly better-than-expected results. thenally it popped, yesterday it was virtually erased on the back of the china inquiry. so it's really hard to say. i would definitely be avoiding those companies downgrading their earnings and don't have cash flows. cash flow and earnings momentum drop share price growth. certainly not seeing that. particular, some industries brought in

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our must chart is a stock that's been soaring since we have been 'rba itwfr he. wee ckn o.n businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. . >>> couple of deals topped today's power movers adt is soaring as google takes a stake in that company. adt will start offering google nest toit its customers that's hurting shares of alarm.com which has a deal with adt. varian medical system soaring. siemens will buy varian for $16.4 billion. we end with clorox lower today. thanks in part to sales of disinfectan disinfectant and cleaning products the new ceo will take over next month. >>> time to reveal our mystery stock. the stock is docusign. it's a big ben fir areficiary o americans

we'll find out his latest trades 'rba i30ecds machin . >>> pete, what do you have for us today net. >d flare this is a stock that was a $15 stock back in the lows in march and it pushed up to 45 earlier today the stock was trading just below $39 a share we were seeing some pretty nice active buying in there they were buying the august 42 calls. they bought about 7,000 of those. they were only going between 25 and 50 cents at the time stocks a little higher now i like these it's going to be very, very shorts term. these expire friday. be very careful and understand that this is a very short term trade. secondly, i've got unp last week on friday i used this as my final trade with you guys. it was because i seen some unusual option activity. it's hit four times since last tuesday. today they are going after september. they bought 2000 of the september 195 calls. they were buying those calls and selling it further up strike call to get the price dounswn a little bit still expecting to see a pretty nice move to the upside in fairly short period of time. stock was trading underneath 195. an

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interestingly, target at 1.50 is hanging on to its gains after that monster quarter 'rba iju aom gain ment. traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. >>> the dynamics of the oil industry are going to come back into focus as we watch opec. there's a look at crude which remain aes proxy for global activity all around the world. meantime, dow is up 22 and stop trading with jim is coming up next pnc knows business keeps moving. and whether we connect over the phone, online, or face to face, we're here to help- utilizing our resources as one of the nation's largest banks and a local approach with a focus on customized insights. so you're ready for today. >>> let's get to jim >> one of the things i refus

police say they had responded to rba domestic disce. eyewitnesses said blake's inchildren werhe car. blake was taken to the hospital. state officials took charge of the investigation. today, wisconsin governotony evers called a special session of the wisconsin legislature. >> we must see the trauma fear exhaustion of being be.ck in our st family members, the duty to act rests on all of us, but most importantly on us as elected officials. >> yang: it comes amid a summer of nationwide protests over e police killings of george floyd and breona taylor among others. on saturday in lafayette, louisiana there were calls for justice for another black man, trayford pellerin, was fatally shot by police responding to a sturbance. in a facebook post, blake's father said his son is in stable condition after surgery. t,and tonibout 125 members of the alwisconsin natiuard are in kenosha to assist local officials. zach rodriguez is a member of rdthe kenosha county bf supervisors. thanks for being with us, supervisor ready ri gez. as you've been out and

the rba is still there. rates are close to zero. there is enough policy support on the fiscal side.mpanies that have eight deteriorating outlook, there is plenty of opportunity still to be made given the fact that the central bank and the government are still providing that liquidity. >> that was our global markets editor. up next, singapore's minister for trade and industry joins us exclusively to discuss the long road to recovery. and the impact that covid-19 has had on their operations. this is bloomberg. ♪ ♪ shery: you are watching daybreak: asia. the new zealand stock exchange failed to resume trading for a fourth day on friday amid suspected cyberattacks. tuesdayuption began on making stock prices unavailable. it says it is working with its network provider and cyber security experts to fix the problem. the pre-open was extended. formally accept the nomination later asking for another four years in office. he will speak from the south lawn of the oval office. he will say that the country cannot trust joe biden or the democrats to handle the coronavirus. the president was ready

we are looking ahead to china pmi numbers as well as the rba policy meeting. we are continuing to see the broad rally rumble when it comes to the u.s. s&p futures up a quarter of 1%. the s&p 500 enjoying its best week out of eight. we continue to see record highs for six straight sessions. the nasdaq finishing at record highs. the dollar continuing to ease. when it comes to asia, we are looking a little bit brighter. the nikkei 225, japanese futures up by seven tens of 1%. a big? over what happens next as the race to find a successor for shinzo abe gains momentum. we are watching the dollar gain at 10555. a big question as to what a post abe japan means for assets and the direction of the u.s. dollar. we do not expect any monetary policy change, does not matter who the successor is. the sale of tiktok's u.s. operations may have hit a major snag. beijing has added the overseas transfer of artificial intelligence to a list of products it considers vital for economic security. that means any sale will need to be approved by the chinese government. let's get the d

. -- itrencies like that also might be why we are not seeing too much pushback from the rba on where is right now. so both currencies as well as the pound and even the yen to some extent on a trade-weighted we do not see much risk of pushback. but as i mentioned, in theory, it is great, but at some point, central banks do not take theory into account, as we saw with new zealand, and with the strength of the kiwi, i do not think any central bank right now really will be watching closely on how central banks communicate on currencies in the upcoming round. matt: all right, thanks so much for joining us. appreciate your input. of macro andhead geopolitics. he will be continuing the conversation with us on bloomberg radio at 9:00 a.m. u.k. time. you can tune into that, or you can google bloomberg radio, or co.ukan go to radioplayer. and probably linked to different movements to bloomberg radio. quits up, phil hogan after growing criticism that he broke virus regulations in his native ireland i going to a golf dinner. we will be live from brussels to discuss the latest. this is bloomberg.

rhetorica more dovish from the rba.alia's unemployment numbers later thursday, the kospi futures gaining. in fact we are heading, the highest level since to september 2018 south korean stocks have been on a 10 or while u.s. futures are under a little bit of pressure. i talked about the tensions. we did get some positive data with the eco-front and jobs numbers. we will look ahead to the week for eco-numbers with mizuho. and a senior advisor, scott kennedy. the market opens, this is bloomberg. this is bloomberg. ♪ this is bloomberg. ♪ ♪ shery: good evening from bloomberg's global headquarters. i am shery anh. haidi: i am haidi stroud-watts. markets in sydney and soul have just opened. u.s.-china facing a string over the most senior diplomatic visit to taiwan in decades. washington is sanctioning hong kong officials over beijing's crackdown on free speech. china which was the first in to the pandemic could be the first out. the economic recovery is gaining traction. saudi aramco presses ahead with dividend plans despite d

it is something would need to be conscious of what the rba, the slow and uneven recovery.to be underreported in the official statistics. that is true in australia and china, where the actual number of people that are not working could be higher than what we are seeing and the recovery to full employment takes longer. shery: think you so much. macau set to open its doors to chinese visitors again next month. we will examine the outlook for tourism there and across the region. trade talks on ice, the u.s. and china postpone a planned phase one trade deal, no indication when or if they might be revived. this is bloomberg. ♪ . ♪ watchingou are daybreak asia. the coronavirus continues to march on around the world with infections climbing to 22 million. 770,000 people -- they tell a days. the u.s. continues to be the epicenter with almost 48,000 new cases reported and 1000 deaths for a fifth consecutive day. hospitalizations in california hit the highest in seven weeks. china and russia could work together on a vaccine. south korea is warning of a new mass coronavirus infection

a bumpy recovery should be expected and recovery could be more drawn out than expected, saying the rbaraise the cash rate until he sees progress on cpi as well as the labor market. coming up on "daybreak asia," more perspective on the-china relations. plus, a major -- u.s.-china relations. for anai joins us in-depth, sit down conversation after his arrest this week. not miss out on part two of our series, hong kong on edge, this weekend. a larger look at how beijing's national security law is changing the landscape. this is bloomberg. ♪ welcome to daybreak: asia. i am shery ahn. asia's major markets have opened for trade. our top stories this hour, asian markets face an uncertain and to the week. investors are concerned about the virus. chinese internet stocks remain in focus. something after the close in new york. they deface advertising challenges while i.t. is under investigation by the sec. tech trade, human rights watch hong kong will be on the agenda when the u.s. and china review their phase i deal. beijing wants to address reaching out on tiktok. a mixed friday session looking

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market cap growth in that one name in particular continues to astound market watchers around the world 'rba used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com >>> movie theaters around the country are slowly beginning to reopen contessa brewer has more >> hi, john. take a look at the stocks of these movie theater companies since the beginning of the year. now we see five months after they close major chains like amc, riegle and cinemark are reopening this weekend in limited numbers. comp. score says about 1,500 movie locations will be open today compared with 5,200 that were open this time last year. amc theaters which i visited yesterday is limiting capacity to 30% it plans to open 400 of its 600 theaters by september. regal, which is owne

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