♪ shery: good evening from bloomberg's world headquarters. i'm shery ahn in new york.aidi: find haidi stroud-watts in sydney. welcome to daybreak: australia. is accused ofp ignoring the evidence of virus spiking across the world. u.s. authorities are reassessing plans to open up. global cases approach 10 million with almost 500,000 people dead. worldwide trade has been slashed with any recovery increasingly week. and the senate backs a bill to punish china for tightening its grip on hong kong. u.s. banks may be hit if they continue to do business with beijing. shery: u.s. futures flat at the open, after we saw u.s. stocks jumping in late trade. major indices all gaining at least one present in the regular session, after fluctuating through most of the session. we saw some moves to buy the dip . we have the pandemic in the u.s. raging. the s&p 500 rising the most in a week. only banks were solidly in the green after regulators eased the volcker rule that will free up capital. we also had mixed data in the u.s. jobless claims higher than forecast for a second straight we

♪ shery: good evening from bloomberg's world headquarters. i'm shery ahn in new york.aidi: i'm haidi stroud-watts in sydney. here are your top stories this hour. hong kong faces new uncertainty with the u.s. revoking it special trading status. washington says china undermines its traditional autonomy. the city has been bettered by protests, the coronavirus pandemic and the fallout from trade tensions. businesses are failing, tourism has collapsed and confidence is shot. beijing is expected to confirm the new security laws for hong kong later on tuesday after imposing visa bans on americans it says are interfering. shery: let's get you started with a quick check of the markets. we are seeing u.s. futures flat at the open. we had a rally in the regular session with u.s. stocks surging. the s&p 500 erasing its june declines. all 11 sectors in the s&p 500 closed higher, being led by industrial, communication stocks. we had some positive economic data. pending home sales posting a record game, offsetting concerns of the virus resurgence over some states in the u.s. includin

shery: the u.s.ubling down on this tit-for-tat strategy when it comes to the media war with beijing. the state department designating for more chinese companies as foreign missions. what does that do? selina: this expands restrictions on what the u.s. is calling propaganda outlets. the four organizations placed under this label of missions are the broadcast orer ctv, global times and the china news service. they reported these organizations will be treated essentially as chinese government diplomats, which requires certain requirements such as reporting personnel rosters. the organizations may also face limits on how many employees they could have in the u.s. beijing.lina wang in let's get the business flash headlines. wirecard faces further pressure with the bank of china considering cutting its credit line. the lender may write off most of the $90 million it's owed and not extend the facility.bank of china is among 15 lenders under $2 billion in financing. the platform can account for $2 billion in

shery: i am shery and in new york. welcome to "bloomberg daybreak: asia." china's top policymakers debate plans for hong kong. critics say the move will jeopardize anything that has made the city of success. friday will be dominated by new data and the coronavirus. was 25%n the s&p 500 better than average over the last month. we are waiting on the let us check of japan, as the pandemic puts more pressure on the economy already sliding into recession. inflation numbers are due at this hour. haidi: let's check in on the markets. we had a pretty tepid handover from the u.s.. stocks edging higher. volumes still below what we have seen over the past month or so. very much a range-bound trading session. we continue to seek a new catalyst. we continue to see rising cases across the u.s., driving the idea of a second wave. beijing struggling with a second wave as well. conflicting data not giving a great deal of intel as to what the future holds. we are dealing and upside on s&p futures, up about .3%. nikkei futures also a little bit higher, japan weighing the fros

shery: coming up next, the former u.s.mbassador weighs in on the worsening tensions between beijing and washington. our conversation with gary locke ahead. facebook employees lash out at mark zuckerberg's an action of president trump's use of social media during the protests. this is bloomberg. ♪ haidi: president trump is excited to be from the white house in a few minutes time. we will be bringing that to you live. investors in the meantime are looking past it weaken of violence and strained china relations towards the reopening of the global economy. joining us for his perspective is the senior portfolio manager for gradient investment. we are expecting president trump to speak in the next few minutes, potentially to talk about pulling up active troops in the d.c. area. in the meantime, are markets looking for all the tensions, be it on the streets of the u.s., the strains between china and the u.s.? is it really the market that has been trained by the feds to rally? >> the way i see it is everyone is pretty much focused

haidi: -- shery: good evening. i am shery anh in new york. haidi: i am haidi stroud-watts in sydney. here are your top stories. china confirms its proposed security law will override the legal system in hong kong. it will open a new security office in the city supervised by authorities in beijing. global coronavirus cases approach 9 million with 465,000 people dead. apple is re-closing stores and pepsi is shutting a food plant in beijing. the reserve bank of australia shifting its yield curve policy into cruise control, saying it is functioning better now than when the qe program began. shery: u.s. futures under pressure. we are seeing it down .6%. this after u.s. stocks dropped the most in more than a week. stocks are feeding on the record levels -- fading on the record levels of coronavirus in florida. industrials and energy leading. -- the weekeek ended in the green for u.s. stocks. china will accelerate purchases of u.s. farm products. it was a slightly in the green sixth session of gains. oil is under pressure heading towards the $39 a b

shery: i am shery ahn in new york. welcome to "daybreak asia." china's security law will override -- pro-democracy campaigners say they are preparing for jail. global coronavirus cases approach 9 million with 400 625 thousand people dead. apple is again enclosing some u.s. stores while pepsi shuts a food plant in beijing. sending a message to the white house. how tictoc users may have contributed to the low turnout for president trump in tulsa. haidi: let's take a look at how we are shaping up when it comes to the start of trading this monday morning in asia. looking like a pretty uncertain start as u.s. futures are .25inuing to drop at percent. nikkei futures trading in chicago down .4%. we have a bit of strength in the yen in fact. we had the dollar outperforming at basically every g10 currencies in the overnight session other than the japanese yen which is sitting at that high 10-60 handle. the are also seeing a slip when it comes to trading in oil prices after the market rose almost 10% last week on news that these output curves are continuin

shery: whether it is global in retail.asian investors, what do you make of the retail investing actively managing their finances? what does it do to fund managers like blackrock? jerilyn: our managers are wide range of products through the active spectrum and liquid alternative. i think we see retail investors want to participate in the management and i think it is small compared to the overall retail market with a market money is managed through advisors or intermediaries or pension funds. so i think there is a role to play for that and our goal is people be well educated and understand the risks they are taking and that we help them make good decisions. chair, geraldine buckingham, thank you for joining us. plenty more to come on daybreak asia. this is bloomberg. ♪ shery: let's get a check of the latest headlines. mastercard has taken another step away from the original business with an 825 million other deal to biotechnology firms. the purchase gives mastercard or tools to help banks speed up credit decisions. -- that i

shery: great to have you with us.ing director and partner, monica wegner joining us from sydney. still ahead, we will analyze china's economic outlook with ubs investment bank. we will hear from j.p. morgan asset management and jb digits, the fintech arm of jd.com. coming up next, australia is set to announce new infrastructure spending in a few minutes as it looks to kickstart the economy. we have the details. this is bloomberg. ♪ haidi: tensions between australia and china continue to escalate, with an australian citizen being sentenced to death with drug trafficking charges. we have this roi with paul allen in sydney. -- what is the context that we should be looking at? this yeah, the timing of is pretty interesting to say the least. it concerns a gentle man who was arrested in 2013 while passing -- trying to board an international flight. he was arrested seven years ago. seven and a half kilograms of methamphetamine was in his luggage. it does seem like something of a coincidence that the death penalty gets handed

i'm shery ahn. to "daybreak: asia."stocks took a slump after the s&p 500 fell the most in 12 weeks. an epic rally has gone too far. oil falls, too. restrictions are overshadowed by weak demand in the u.s. stockpiles had a record. stephen mnuchin says another shutdown is off the agenda. let's get straight to the market action with sophie. sophie: we are seeing a pickup and volatility likely to continue, keeping an eye on credit markets given the whitening we have seen in spreads. stocks are moving lower. the nikkei 225, losing 2% this morning. below 107.trading jgb, opening slightly higher. week's jgbntil next sale. the costly become a off more than 4% this morning, extending losses. - the cost be -- the kospi, off more than 4% this morning, extending losses. -- tech index, fell falling, outpacing the nasdaq. morningk governor this is saying the policy will be accommodated in the meantime as we wait for recoveries. and as we wait for post-virus policy normalization. have the extending the kleins after the war session for

♪ shery: good evening from bloomberg world headquarters. i'm shery ahn in new york.aidi: i'm haidi stroud-watts in sydney. here are your top stories. the fed switches strategies to support the u.s. economy and the virus. it will buy corporate bonds to ensure companies can borrow cash. u.s. stocks edged higher following the fed's comments. the s&p closing up after falling as much as 2.5%. the virus infections now pushed 8 million globally. haveoutbreaks in the u.s. some states weighing whether to pause reopening. shery: let's get you started with a quick check of the markets. we are seeing u.s. futures up 2/10 of 1%. it was a very volatile trading session. we had a boost after the fed pledged to follow through with the corporate bond purchase, but then again, we had concerns over a second wave of the pandemic. not to mention the white house now ending an unemployment bonus program on july 31. we have the s&p 500 gained 8/10 of 1%. at one point, they lost as much as 2.5%. it was a really volatile session. financials and staples led to gains, after dropping last week by

shery: i'm shery ahn. welcome to daybreak asia.ts are looking at declines today after wall street pulled back on concerns that the global rally has overshot economic reality. softbank is back in focus with deeper job cuts. -- vision fund has seen [indiscernible] cathay pacific will be in the spotlight later as the stock returns to trade. it says its $5 billion bailout is the only way to avoid collapse. haidi: let's get straight to the market action. we've seen a global pullback take place. taking a look at the markets starting off here in asia. what do you think? >> kicking it off with tokyo, the nikkei falling below 23,000 points with another data point to consider. falling loweran than expected for april. the yen easing its earlier loss but still near a high. turn to south korea. the latest jobless numbers jumping to a 10 year high. the kospi up 0.1%. up korean won trading against the dollar. in sydney, reid is outpacing fear. the asx 200 up. after tuesday's reversal for the aussie dollar, we are seeing it stable at 70. let's che

shery: kathleen hays.will have plenty more perspective on the boj ahead with columbia university professor ito. he led many senior finance positions in government, plus we will hear from moody's analytics and continuum economics later as well. coming up, a landmark supreme court ruling grants new civil rights to lgbt workers in america. we will get more, next. this is bloomberg. ♪ ,hery: in a watershed decision a divided u.s. supreme court ruled that federal law protects gay and transgendr workers from job discrimination, giving millions of people civil rights that have been sought for decades. our supreme court reporter joins us on the line from d.c.. it is interesting that we had conservative justices joining the liberals, even one appointed by the president himself. greg: that's right. that was just as wrote the court's opinion. he is a justice who has occasionally joined the liberals but generally follows the conservative legal philosophy. a surprise to some people but consistent with what we heard fro

shery: what's happening to the mlb?negotiations for quite some time. i we going to even see a baseball season this year? victor: yeah. that's the real question among all of them right now. the national hockey league and the nba are going to work something out. major league soccer as well as the large professional women's soccer league in the united states, they have things settled out. they are likely to come back. major league baseball looks like the whole season could be in jeopardy. this is blamed completely on the owners in this case. the owners want the players to take huge pay cuts and want the players to have to share all of the risk from coronavirus. they are asking the players to share all the downside losses but not willing to then share the upside gains when things turn around. players don't have long careers. they have to get everything they cannot of it while they are here. they've already offered huge givebacks already. offeredhe owners have essentially no concessions on their sides. it really does look li

shery: emily wilkins joins us now.uess a key question is how much bipartisan agreement have we seen so far when it comes to what will go into the next package? emily: absolutely. that has been something that republicans and democrats have been trying to work out for weeks. mnuchin gave a couple suggestions. he suggested federal assistance for small businesses, travel, detail and leisure businesses. and also potentially more cash for american families. he discouraged lawmakers from doing a capital gains tax. that is laying out a blueprint right there on what we might see. the big question for the next stimulus bill is will there be aid for state and local government? that is something democrats have been pushing for. republicans have not yet fully been on board with. haidi: we are also hearing that president trump is planning to resume campaign rallies. how much concern is assigned to worries and the materialization of a second wave of infections in parts of the country? emily: i think trump is going to be doing in thes

shery.hery: we have talked extensively about the stock disconnect with the economics and earnings fundamentals. here is one where -- one more way to show it. this shows the s&p 500 in white, forward earnings in blue. it may be a long time before the two lineup. let's get some perspective from the global chief economist and head of global macro, frances donald. us.t to have you with will these two lines ever lineup as long as we have the fed aggressively supporting the market? not only the fed, but basically global central banks. frances: central banks are a key part of the story, but from my perspective, where we are getting the real policy put on the fiscal side of the picture, and because of that, i am a little bit more worried about how stocks and broad risk sentiment are going to be performing. we know central banks have the capacity to write more stimulus, to stay on hold. they are going to do that. what seems less certain to us is a significant segment of the rally. do we get packages

♪ shery: welcome to "daybreak asia," i'm shery ahn in new york with haidi stroud-watts in sydney.e are counting down to the market opens in japan, australia and south korea. top stories, tensions after the u.s. banned chinese carriers as relations between washington and beijing reached a new law. two big reddish banks bank that -- back over hong kong. asian banks extending the rally ninth knife day -- to the day, banks leading the s&p 500. oil uses from its highest level since early march, hoping for a rebound in the market but tempered by divisions among producers. ♪ news: we do have breaking crossing the bloomberg when it comes to south korea. the current deficit for the month of april, the korean current account registered a deficit of 3.1 billion u.s. dollars. this is the second time south korea has reported a current account deficit in the past eight years. april is when we saw south korea become a net importer of goods. $8.2oods account narrowed $5.6on, compared to billion in april last year the services account deficit increased to $1.4 billion due to usagerioration of the

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 virus recovery drains away. new cases in china and parts of the u.s. outweigh recent stimulus driven market gains. fed chairman is urging lawmakers not to lift virus aid to quickly. jay powell says the economy is recovering but support will be needed for some time. president trump raising the stakes, signing legislation to punish officials for detaining uyghur muslims. day john bolton claims the president encouraged beijing to build internment camps to house them. let's cross to selina wang. let's start with a bill. broad bipartisan support in congress and then was assigned by the president. what exactly does it say? selina: this legislation won broad bipartisan support. sanctiones trump to repression from minority groups. it also calls for the closure of the camps

shery: stephen engle.oming up next, we will be joined by a global strategist to discuss the impact of the protests and the trade escalations. this is bloomberg. ♪ shery: investors are putting the focus on the economy, largely looking past the prevailing risk factors and there are many u.s. protests. watch out for lower stocks and yields. a globaldent of strategies company joins us on the line from los angeles. always great having you with us. are focusingrkets on the reopening of the economy, given the u.s. protests right now, how much of a reopening will we realistically have, not to mention that this really heightens the risk of a second wave of infections with protesters out there, right? are we in dire need of a healthy correction right now in the markets? >> i would say yes to many of your questions. i think we are due for a correction. we are due for a major correction. but what the equity market is doing right now, meaning in the is also or three days extremely irrational from a market viewpoint. wh

shery: let's start in hong kong.arking 23 years of chinese rule with president xi jinping signing a landmark in zero -- security law since legislation promises secret trials and life imprisonment for some cases of state subversion and terrorism. it is expected to prompt retaliation from the u.s. joining us now is republican senator pat toomey of pennsylvania, co-author of the bipartisan hong kong autonomy act. thank you for joining us this evening. first of all, now that we have the full text of this law from beijing, what is your reaction? sen. toomey: this is very disturbing. i think this statute by design is intended to take away or beijing to continue to undermine and really trample the freedoms of the people hong kong have enjoyed for seve so many years. that the chinese communist party continu promise to continue. it is a very disturbing development. shery: the u.s. commerce department is starting to revoke the special trading status for hong kong. how far will the u.s. response go? sen. toomey: well, it is har

shery: let's turn to some other news.es worldwide are largely sticking to reopening trans amid caution over resurgent cases. this wednesday, more students will return to school and south korea, while tokyo is continuing with its phase to restart. italy is set to lift its domestic travel ban. sophie, what is on the agenda this wednesday? sophie: this wednesday, merkel's cabinet attends -- could replace the across-the-board travel warning issued by germany. contingent on the virus being kept in check. germany's ruling parties are to reconvene to discuss a $110 billion stimulus plan after marathon talks failed tuesday. in japan, apple has reopened the rest of its stores, including in tokyo, where there are not any plans to roll back a face restart despite tuesday's jump in cases to 34, the most in over three weeks. this triggered a tokyo alert which could lead to businesses being asked to close and residents to stay at home if the tally climbs. in the meantime with stage two underway in the city, students have started going

shery: paul allen in sydney.alian markets get underway at the top of the hour alongside japan and south korea. let's turn to sophie kamaruddin in hong kong. sophie. sophie: futures are in the red for the asia-pacific and s&p e-minis are under pressure. we had another spotlight from the imf regarding the disk elect -- disconnect. discovery being made more challenging with a massive stimulus response unleashed by global policymakers and with this wait and see mode, the yen holding around 107. the offshore yuan holding a two day drop, staying above 707 after reaching the 100 day million and a move higher. and after greenback china revised its first quarter current account deficit higher. i just want to turn attention to the debt market where we are seeing a comeback underway. asian junk dollar bonds are set to recover after the worst quarter since about 2009. analysts are forecasting the stimulus driven rally, that will continue into the second half. hsbc private banking seeing a 5% to 6% return for riskier asian no

shery: let's turn to the markets. u.s.cks rallying for a second day tuesday but fading into close as concern arises that a spike in cases could curb consumer activity. the deputy chief investment officer at abbott downing joins us. for viewersrt showing how the economy has been stuck in that wait-and-see mode. we are seeing the s&p above the 200-day moving average, but it seems the markets are looking for another catalyst for a leg higher. what could that be? come as soon when earnings announcements start rolling in in a couple of weeks. similar to what you saw in the first quarter, people will not pay much attention to the numbers but will pay a lot of attention to the commentary. you have companies really leaning in to changing their business models and rearranging reallyand acting proactively. you will get investors giving them the benefit of the doubt figuring that looking out on this year's numbers, you have the potential to have some pretty strong earnings after resetting everything this year. shery: perhaps does it

shery: i am shery ahn in new york. asian markets look set to rise after tech pulls u.s. stock higher. the nasdaq isn't as long as rally of the year although the s&p 500 dragged on fears of a coronavirus surge. global infections have topped 9 million with cases surging across the americas. the spread is unacceptable. south korea braces for a second wave. lenders are backing away. bank of considering cutting a credit line, writing off its and calling it quits. we are just getting some indications, early indications of the economic rebound in australia. the cva australia pmi manufacturing preliminary number for june bouncing back. just in contractionary territory but certainly much better than the 44 from the previous reading. the services number also much better i we get parts of the services economy reopening after the restrictions coming in at 53.2. the previous reading was 26.9. that composite number for june, 52 point six. 28.1 and out of contractionary territory. that is a preliminary reading but things looking a bit more positive. also looking positive for asian mark

shery: i'm in new york. welcome to "daybreak: asia."his hour, the fed message.ther dovish the policy will not to change for the foreseeable future. jay powell say rates will remain 00 through 2022. cases continue to rise with u.s. infections alone mirroring 2 million. texas

shery: that was gita gopinath.g news out of qantas, the airline announcing details of the $1.9 billion share purchase plan. the issue price for the new shares under the placement will e. in otherssi details, we are getting confirmation that they will be reducing their pre-crisis workforce, and this represents a 20% cut across the total workforce, about 30,000 for qantas and jet star. a grim day for aviation. 100 aircraft will be grounded for up to 12 months. domestic flights are at a minimum level at the moment and qantas delayed the presumption of international flights until at least late october. qantas says $500 million australian will be put in place as well as a $1.4 billion underwritten institutional placement. the key headline is those 6000 jobs that will go at qantas. plenty more to come on "daybreak australia." this is bloomberg. ♪ shery: the reserve bank of new zealand expressed concern after a policy meeting about the kiwi dollar's appreciation and the pressure on export earnings. paul allen joins us. th

shery: we appreciate your insight.are listening to the s trillion prime ministers speaking in what is his state of the nation address at the moment. he is saying australia faces a record deficit this year and next. we are expecting scott morrison to give details of the further $1.5 billion when it comes to infrastructure spending, the fast tracting -- fast tracking of some projects to help get out of the covid-19. almost snapping 29 years of recession-freak growth as of this year's result of the pandemic related lockdown. this as we continue to see restrictions lifted in parts of the country. bloomberg subscribers can keep watching at live go. you can also find the other big diary entries. lots more to come. this is bloomberg. ♪ when you say what you're in the mood for, the xfinity voice remote will find exactly that. happy stuff. if the groups happy, i'm happy. you can even say a famous movie quote and it will know the right movie. that'll do, donkey! you're expecting prince charming? you can learn something new any t

shery: good evening. we are counting down to asia's major market open. i'm shery ahn in new york. haidi: i'm haidi stroud-watts in sydney. welcome to daybreak: australia. for the coronavirus weighs on investors' minds. s&p 500 stocks were 25% lighter than the average over the last month. president trump warned the u.s. could pursue a complete decoupling from china, his strong's comments yet on ties to beijing. debates travel ban's. job numbers underlie the impact on the economy. do a quick check of trading atarkets are the moment. u.s. futures are flat after stocks ended mixed in the regular session. we had markets really searching for a catalyst. sentiment was a little bit pressured. trading at u.s. weekly jobless claims above one million for the 13th week. andad gains in energy consumer staples on the s&p 500, but at the same time, real estate industrials weighing on the index. the nasdaq composite did gain and ended at the highest level in a week. the dow lost about 40 points. take a look at what oil is doing. prices finished higher in the regular session. it is up and trading

shery: su keenan with the latest.kets, we are seeing kiwi stocks gained ground up 7/10 of 1% after falling the most in over a week. nikkei futures gaining ground. 200 inosses for the asx the last section. worst performance in two weeks. sidney futures headed back in a struggle to regain the 6000 level. -- we have the japanese yen right now, falling the weakest in more than a week and that could give a boost to the equity markets. nikkei futures up 1%. the imf says japan's economy will be shrinking more this year than during the global financial crisis. more to come on the next hour of daybreak asia. this is bloomberg. ♪ ♪ shery: good evening from bloomberg global headquarters in new york. i'm shery ahn. haidi: i'm haidi stroud-watts in sydney. welcome to "daybreak asia." top stories, the u.s. senate backing it bill to punish china for tightening its grip on hong kong. american banks maybe hit. 10bal virus cases approach million, with almost 500,000 people now dead. shows worldwide trade has been sliced at denny recove

best shery ahn in new york. -- i am shery ahn in new york. di: beijing has already threatened retaliation against potential sanctions from washington. coronavirus cases in china and the u.s. outweigh recent stimulus gains. it share in hong kong. lift after the exchange relaxes rules around chinese companies. shery: let's get started with a quick check of the markets this is as stocks have fluctuated with gains. lower we havedow losses led by energy and to wait a, continuing rise in coronavirus. markets were also under pressure after reports of president trump and china's xi jinping for reelection helped, according to national security advisor john bolton. we did have the nasdaq composite gaining .2%. three quarters is trading above the 200 day moving average so we continued to see strength for those big tech companies. we are seeing wti trading below $30 a barrel and we have seen pressure in the new york session after reporting crude stockpiles reached another. let's show how things are shaping up for asian market. >> asian stocks are set for

shery: cities across the u.s.eing hit by protests over years of incidents between white police officers and a black americans. our next guest said we are living through the perfect storm of historical events. michael flamm joins us on the line aired great to have you with us. telus first what you mean by this perfect storm. >> in the united states, we are experiencing an economic crisis, health crisis, and looming ahead is a political crisis, so this is truly a historic moment. shery: when it comes to the ongoing protests, we continue to see violence and looting. how much will that affect the protest movement? unfortunately, the violence and looting may discredit the andtimate grievances positions that peaceful protesters and demonstrators are trying to make. i also feel that it may contribute to some sort of political backlash. may see the revival of law & order politics in the united states, which tends to help and benefit conservative candidates. you just pointed out the interconnectedness of that has led us to

shery: su keenan the latest on oil.ld is the ceo of .ioneer and natural resources he told us the price hit $45 to $50 a barrel before the start looking at growth again. scott: $40 is a blessing in disguise. nobody is going to add rigs at $40 oil. there was concern there were two large producers adding back horizontal production. i am sure that will have some effect on the opec-plus meeting. as you know, russia has not liked u.s. shale growth, but i am trying to convince opec members that are industry is changed, it's all about less growth, it is all about returning back to this -- returning cash back to the shareholders. $50eed to get up to $45 to before you see people adding rigs or frag fleet. reporter: how long can you stay that view? all across the curve than the last two weeks, how long until shareholders are like, let's go, let's drill? scott: the big push for most investors is slow your growth down. i think the days are gone of double digit growth for the u.s. shale industry. as you know, most companies have too

shery: you mentioned the cdc.ue to see more guidance coming from the organization on how to safely reopen. the only problem is for cities like new york city, a lot of those guidelines do not really have an impact. they want more people to avoid public transportation. it is not really a reality in new york city, given the reality not only of new york but very crowded emerging market economies. is quarantine the only or best solution, and what is the next best when you see this resurgence of cases with this reopening? management,tbreak it is not just one infection prevention strategy, it is a bundle. the americans developed this idea of bundling infection strategies within hospitals, and that is what happened with outbreak and edge meant. social distancing, being tested, staying away when you are unwell, and wearing a mask. it is all of those, and it is home isolation for 14 days. in some questions, we are finding that roving or rolling will help break off the transmission. somemaybe the par case for parts of americ

i am shery ahn in new york. haidi: welcome to "bloomberg daybreak: australia." here are your top stories this hour. wall street sees its biggest rout since the height of the virus pandemic. investors sour on reopening. fed's gloomythe forecast for the u.s. recovery. opec restrictions are overshadowed by weak demand in the u.s. stockpiles had a record. a decade on commodities are seen as australia's savior. rising demand and expansion plans may ease the recession. shery: let's get you started with a quick check of how market are trading. u.s. futures up 0.25% after a brutal session in new york. stocks tumbling the most in three months. every company on the dow was down today, all 30 companies down. almost nothing was spared. the s&p 500 seeing the biggest decline since march 16. at one point nearing that 7% threshold that would trigger a pause. we saw the big gainers in recent weeks like airlines, travel companies taking the brunt of the selling. we had concerns over a second wave of infections across the u.s., also a lack of further easing plans from the fed pot

shery: we are joined by russell later for more. for now, let's get a check on the first word headlines. has said it will deploy troops to the border industrial complex. gains.00 futures paired tensions have shored after kim jong-un's increasingly powerful message said it was time and threatened the next move would be taken by the army. curbed police brutality amid widespread protests. he stressed sympathy for families of those killed by police but made clear he will not abandon his hard-line law and order stance. rising tensions between beijing and washington mean chinese -- chinese art ditching in fastest rate. -- chinese think is ditching the market in the fastest rate. a year of street protests and the coronavirus pandemic has sent unemployment in hong kong to rise to its highest level in 15 years. to mayrisen in the march the unappointed rate climbed to its highest in 17 years. global news, 24 hours a day on air, on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bl

shery: what do we still not understand?e have had various reports -- it is difficult, actually, if you are a citizen figuring out what you need to do. who should we listen to? we were told not to wear masks, then to wear masks in certain places. what are you certain about that we need to do to make sure that we are safe? >> iowa's talk about a few simple things. -- of them is wearing a mask i always talk about a few simple things, one of them is wearing the mask, social distancing, and sanitizing. we are beginning to open up for outpatients on a wider basis. we have tohe topics review, speak with the staff about measuring out six feet apart so that we could really be social distancing for the importance. one of the things we have noticed is that the transmission that we have seen among inloyees, primarily, are situations where social distancing may not be as strict as it is in another area. we have really gone back to those basics of the masks, social distancing, and sanitizing. >> what it be safe to send kids back to schoo

. ♪ ♪ shery: good evening from bloomberg's world headquarters.n to asia's major market open. i'm shery ahn in new york. haidi: i'm haidi stroud-watts in sydney. the top stories this hour. life in prison. china imposes a security law on hong kong that threatens severe punishment for those who attack beijing or the comet's party. the coronavirus marches on with the warning that u.s. could see 100,000 new cases a day. ch

. ♪ ♪ shery: good evening from bloomberg world headquarters. i'm shery ahn in new york.i stroud-watts in sydney. here are your top stories. the fed switches strategies to support the u.s. economy and the virus. it will buy corporate bonds to ensure companies can borrow cash. u.s. stocks edged higher following the fed's comments. the s&p closing

. ♪ shery: good evening from bloomberg's world headquarters. i'm shery ahn in new york.idi stroud-watts in sydney. here are your top stories this hour. hong kong faces new uncertainty with the u.s. revoking it special trading status. washington says china undermines its traditional autonomy. the city has been bettered by protests, the coronavirus pandemic and the fallout from trade tensions. businesses

best shery ahn in new york. -- i am shery ahn in new york. has already threatened retaliation against potential sanctions from washington. new

shery: good evening. we are counting down to asia's major market open. i'm shery ahn in new york.m haidi stroud-watts in sydney. welcome to daybreak: australia. for the coronavirus weighs on investors' minds. s&p 500 stocks were 25% lighter than the average over the last month. president trump warned the u.s. could

class he is a professor of public health and epidemiology at the sheri take clinic in berlin welcome to the program and thank you for joining us. thanks for having me what do you think of how the authorities are handling these new outbreaks i think you know thirty's are doing well in really in forcing the lock down and trying to isolate those clusters and trace people and test people to see us in the fact that eventually if the isolation hopefully as soon as possible but now it's very important to identify those last. seen in the reports it's not only in this area we have other classes in germany and so we need to be very careful and watch the situation very carefully so i think you know authorities are doing well so it sounds like what you're saying is that these these strict lock downs are indeed necessary. unfortunately that's the only way we're not that we know that will help to slow or stop this brett and we work on a flexible level so we don't lock down entire north of us failure by regional cities and villages and i think that's the current way that we that we can conduct thes

. ♪ shery: good evening from bloomberg's world headquarters. i'm shery ahn in new york. haidi stroud-watts in sydney. welcome to daybreak: australia. is accused ofp ignoring the evidence of virus spiking across the world. u.s. authorities are reassessing plans to open up. global cases approach 10 million with almost 500,000 people dead.

she spoke exclusively to our colleague shery ahn.rprises, which account for 99% of companies in tokyo is essential to the recovery of tokyo's industrial base. they have been strongly affected by the coronavirus. many and various measures to support those. supporting the restaurants to begin delivery services. shery: you have also talked about building tokyo's wall street, right? whate are really curious is happening on that front, whether you are trying to attract hedge funds from other financial hubs, like hong kong. in asia, tokyo is one of the biggest headquarters, financial headquarters. we are ready to welcome all people, and all those professional people from all over the world. can resume those financial exchanges and financial activities more actively. at theare you looking possibility that the tokyo olympics next year could get canceled? yuriko: no, of course not. just yesterday there was a teleconference about how to carry out the 2020 olympics next year. and, it was decided that the games should be much simpler, expensive

pieces and lace this way for sheri. so we feel this was. all he said this is an accident involving a child during it was allowed by. if you work for the press you can't publish pictures like this. you can publish it in a censored way but it can't be as clear as this that. the individual should not be identifiable you know and so i cannot approve this photo you know. to be absolutely no way to. it's weird to be here physically and been quite emotionally and mentally. completely there and syria. just watching the war from a distance. i have this guilt feeling of being the survivor. they decide a tool post and use was on my facebook wall and then facebook took it down after 3 days there was no explanation. i tried to like in every possible way the pinta that's why that wasn't possible and then to be able to show those photos. i decided to work out and be of the skin of the photo where they take the victim out of the picture so you can actually show this for those without using this excuse that it's not it's proper to show. sometimes i tried to

i am shery ahn in new york. haidi: welcome to "bloomberg daybreak: australia." top stories this hour. wall street sees its biggest rout since the height of the virus pandemic. investors sour on reopening. fed's gloomythe forecast for the u.s. recovery. opec restrictions are overshadowed by weak

i'm shery ahn in new york. haidi: i'm haidi stroud-watts in sydney. welcome to daybreak australia.r top stories. cities across america face another night of curfew as protests rage on. president trump slams local leaders for being weak, saying they must dominate the streets. as newocks rises u.s.-china tensions and

i'm shery ahn in new york. >> i'm haidi stroud-watts in sydney. welcome to daybreak australia.gathering over the global economy. the imf says the corona virus impact will cause more damage. covid-19 infections continuing to rise. the surge is reported across several u.s. states. the governor of texas, warning of a massive outbreak.

i'm shery ahn in new york. paul: i'm paul allen in sydney.eak: australia." .all street rises a second day traders worry about the prospects for recovery.

i am shery ahn in new york. haidi: i'm haidi stroud-watts in sydney.op stories this hour. tech higher amid rising optimism about the economy. herenest egg the longest rally f the year, although the s&p 500 dragging on fears of the coronavirus surge. 9obal infections have topped