shery: that was anthony.: we have conversations coming up as we get into day two of the new economy forum. shery: the venture partner will be joining us in the next hour plus more on bloomberg markets, china open. we have an alert, japan's year on year growth is only 2.9. the expectation was growth of 8%, that is a swift deceleration from the previous month as well as we have third-quarter gdp numbers yesterday. haidi: plenty more to come. this is bloomberg. ♪ >> my sense is this is accidental, it is unlikely that russia intended to attack poland with two straight rockets. -- stray rockets. we need to go through the appropriate straps to investigate this. >> if you ask me for the first directions, lafayette will support -- latvia will support consultations under article four. >> we need to be prepared to show poland and other nato members that we have their back. >> hitting missiles on nato territory? this is a russian missile attack on selected security. this is a significant escalation. shery: some of our g

shery: what is the catalyst?nt party congress was one catalyst, the next will be another. more clarity on policy direction, seeing the opening of markets, stock markets for ipos again for public market investors help us get more confidence. haidi: asia z qt had, and eq to head person, it is great to have you on. we do have breaking news free right now. shery: we have been talking about the elements when it comes to the chinese property sector and the comprehensive rescue plan. the developer raised 3.9 2 billion hong kong and a shared place, we were expecting the 3 billion-dollar debt to be extended, it is estimated -- should we see that rescue package bmp meant it and rolled up by the chinese government -- be implemented and willed dow by the chinese government. more to come on "bloomberg daybreak: asia." this is bloomberg. ♪ shery: you are looking at live images from the g20 summit. he is welcoming world leaders as he walked -- opens the summit. somewhat of the action has happened on the sidelines of the g20's,

shery? shery: still ahead, what is next for cryptocurrencies amid the fallout from the collapse of ftx. caroline boler writes us next. haidi: up next, we are talking about strategy with the ubs. find out what they think about how the u.k. and the euro soon is doing and ask the euro zone is doing and if they are heading for a recession. this is bloomberg. ♪ shery: let's take a look at the week ahead. we will be getting inflation prints across asia and europe. the u.k.'s on wednesday before the budget release and japan's number on friday. on tuesday we get the monthly data dump. we are also waiting on key figures from the u.s. with producer price index coming out on tuesday followed by the initial jobless on thursday. also on thursday rate decisions from indonesia and the philippines and the philippine central bank already flagging a 75 basis point hike to match the fed. haidi: and we are covering the big events and plenty of them. president biden meeting with china's xi jinping in bali on mon

shery: tell us about the japanese yen. broke below 140 and you were going neutral for the week. >> that's right. looking for consolidation. obviously it has pulled back a great deal. bloomberg analysis suggesting intervention was about eight yen. it is all about the fed versus the boj who are on hold. unless we get some really dovish surprise from the u.s. in the next few weeks, there will be people looking to buy dips on dollar-yen. wouldn't be surprised to see it back to 143 in the next couple of weeks. maybe a little higher. all eyes on the fed and the economic data. shery: i was trying to look for information on the aussie dollar but couldn't see any catalyst, at least not soon. is there anything interesting when it comes to the aussie -- given what is happening with covid zero? >> that can be tricky. the aussie is very frequently used as a proxy for what is happening in china. it is often easier to trade. not facing a massive central bank on the others. we do see spec short positions on the aussie and futures markets

shery: we watch the crypto meltdown.in the asian trading session but after bitcoin lost 20% last week we are getting the latest lines. this is a crypto platform saying that they have seen a failure to withdraw corona rootsy -- withdraw currency. we have seen more than 130 entities tied to ftx or its trading firm taking the hit as we have seen some filings for chapter 11 protections. haidi: we are seeing some of the titans being affected by this. we heard most recently this month that they had to reject rumors of major layoffs saying it is making some adjustments to reflect the downturn in market conditions. the efforts in strengthening the token, but there has been an impact there. we will be discussing the risks of a global recession. the institute of global finance will join us later. shery: the australian prime minister calls his meeting with the chinese premier positive and constructive. we discussed that live -- we discuss that live. ♪ haidi: take a look at how softbank is trading in the japanese session. a plunge o

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shery: that is my question. seeing so far, because we have one leader, one solidified third term president, course correction in a system like this, a centralized system would be easier. why not now with covid zero? i would argue that it's a lot harder. it was pretty hard for many of them to course correct. course correction is hard for any government. it's much harder when it's an authoritarian system where you are never supposed to have anything wrong and you rarely have doubts. it is also hard and highly centralized which makes it much more difficult for local officials to respond to a changing covid picture, responding to very strict guidelines from the top which tend to be black and wrote -- lack and white. we see the chinese government talking got easing measures but on the ground, the incentives for local government and the enforcement of covid, the intent has not change which makes it very difficult to adopt a modulated approach. haidi: how did we get here? we have had previous guests say china was a vic

shery: speaking at the cop 27 summit.meetings going to full swing, lemon negotiators are making a framework for the damage caused by climate change. loss and damage are now on the official cop 27 agenda. why is this important and why is it so controversial? >> this has been a request from small island in developing nations and to those who are already suffering from impacts of climate change due to rising seas. we are seeing non-island countries like pakistan it's over -- suffer through recent floods. the challenge with a controversy , if you look at camilla to emissions -- cumulative admissions -- emissions, it's complicated. there are countries clearly responsible, like the u.s., which accounts for 21% of emissions since the industrial revolution, even to today, it's number two in terms of its annual emissions. it's accounting for only 12%. when it comes to some of the higher emitting countries, take china, china's number one today. but it's historical cumulative emissions is almost one quarter of emissions, it's about

shery: the u.s.s to begin to figure out what is going on with ftx and the broader industry as well. our regulations going to help in the long term in this industry? how good -- how big could the pain be in the meantime? >> the regulation is always helpful. it will be substantially beneficial to the industry as a whole based on whatever history tells us. i think right now in the crypto industry, i would like to say a majority institutional player is licking their wounds. clean up their balance sheets. for an exchange like us, we are in the process to enhance transparency to our users. haidi: looking at more of a global foot. does this kind of development in market volatility change that strategy or make it more difficult to find investors to make that kind of progress? >> obviously one of the major exchanges as well, so what we need to do right now as a majority is to regain confidence for those representing the company and the industry to regain confidence for the users. what we are going to do is wo

shery: let's get the vonnie quinn. >> the u.s.h korea for north korea's using a nuclear weapon against allied nations would result in the end of the kim regime. it came after a series of missile lunches, including the test on thursday of a suspected icbm. the u.s. and south korean defense minister told watching today would extend military drills pyongyang calls a provocation. >> i have consulted with minister li and we have decided to extend vigilant storm, which is our long scheduled combined training exercises to further bolster our readiness and interoperability. >> sources tell bloomberg ve was studying the feasibility of using billions of dollars to up ukraine's reconstructed efforts. the discussions are said to be a early stage with legal experts looking into possible options. they are focusing on how to cease $300 billion of russian's central bank reserves. the former pakistani prime minister is in stable condition following surgery to remove bullet fragments. imran khan was shot on thursday. is pretty says -- the governmen

shery: that was my question. the policy, what channels were they do? guest: it's memory three landing -- read lending. they lend to some banks. the china agricultural banks. then they lend to local governments directly or other departments directly to focus on the policy objective of the central government. -- it's more consistent compared through commercial banks and different projects. it may not be efficient as an investment target. anyway, they're not looking at efficiency. they're looking at finishing the policy. haidi: demographics for the super long-term is in a nutshell a lot of problems for the country. guest: indeed. we are uncertain about the reopening of china from using covid measures. actually, we do not know the timing. the technology war with the u.s. , therefore china is going to invest a lot in high-tech area that is not bound -- bad for china. when there is investments, the economy should grow and there will be more jobs for that sector. shery: always good catching up with you. the economic cha

shery: and yet they are trying.w the rrr cut that we have been very skeptical about, given nobody actually wants to borrow money, so at this juncture, what do policymakers do? louis: i think, you know, a lot of people agree that at the moment, really what policymakers needs to do is shift on the corporate side. nothing else matters a lot if that doesn't move -- shift on the covid side. shery: even before covid, though, we had seen a growth momentum stalling because of the demographic issues because of debt issues haidi talked about, very perennial issues with the chinese economy. so after you loosen covid zero, what is next to be able to rein in all of that coverage and also boost productivity question mark louis: we are facing really big challenges in terms of that trajectory to a more sustainable covid regime, right? i am not super negative on china's longer-term outlook, because we have actually seen them taking more awareness, looking out for financial instability, reining in a bit of the de-leveraging, there is

shery: so much happening. we cannot point to one buzz pair there is a lot of buzz and one of the key topics today and something that will wrap up a third and final day of the new economy form in singapore. the conversation with the ukrainian president volodymyr zelenskyy. coming at a time when tensions over the explosions in poland have fallen a little bit but what is not fallen as the fears around inflation and the recession. haidi: some of the interesting conversations we have had on that is the question as to whether as you get into 2023 and beyond whether the pressures for prices globally is going to be a structural issue and whether or not we can rely on traditional monetary policy to get us out of the situation central banks find themselves in. geopolitics has been key as we have been mentioning. cautious optimism as we are calling it shery: following the xi jinping and biden meeting. we have heard from the likes of kevin rudd are referred talking about how tensions have fallen. there is a little bit of

shery: sticking with china.try is more during -- morning the leader who presided over a decade of economic growth following the 1989 crackdown on proto-democracy -- pro-democracy protesters. we will discuss his legacy after this look back at his time in office. >> china went through a key period of growth and modernization marked by the opening economy to the outside business world. pick for the top job, he led the country from international condemnation to economic a claim. during his time as head of the communist party from 1989 to 2002, china's economy more than tripled in size. millions of rural workers were finally able to live and get jobs in cities, as the iron rice ball system tying them to work unit was dismantled in the 1990's. by the end of the decade, beijing and washington signed a landmark deal, opening china's market to the west, paving the way for a long awaited entry to the wto in 2001. that achievement was matched in the same year when beijing won the bid to host the 2008 olympics. in the years

sheri: and we will be watching for the u.s.obs report this week for more indication on where we go. jason katz, good to have you with us. you can get a roundup of all of the stories you need to know on this asia monday morning in today's edition of daybreak. terminal subscribers can go to dayb . you only get the news on the industries and assets that you care about. this is bloomberg. ♪ haidi: twitter is hiring. the first line had the words we are recruiting with no further details. his restructuring cut the firm's headcount in have. daughter having more than one billion monthly users -- a twitter having more than one billion monthly users. saudi aramco base oil is planning to sell 50 million shares or nearly 30% stake of oil. i want to set for a more contentious -- taiwan is it for a contentious political race. this is bloomberg. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, int

shery: what can we expect in terms of share repurchases? one shares as special dividends it's a highlight that analysts will wait to see if alibaba will up the repurchase program to match up in terms of returns to shareholders. i think to date they have repurchased or utilized more than 10% of the 25 billion share purchase program itself and to match up with tencent share buybacks we have seen through october, already a record high, alibaba might have to increase the package higher. we will see what happens tonight. haidi: will they disclose more on the singles' day performance? they have not revealed data from the event in the last 14 years. >> they might give more color but i doubt we will see an actual number come from the company in terms of gmc and at this point i would like to highlight that the company redefined that gmv based on official disclosure. some were in line with last year's expectations but in prior years they included all platforms in the echo system so -- ecosystem so we are not comparing apple for apple but we will see

shery: sam bankman-fried we have seen sam bankman-fried protest across --shery: we have seen protesta, will that make a difference in if the demonstrations will go away? guest: there are protests in china, what makes these protest rare and unusual is that they have been so widespread. beijing, shanghai, wuhan, other parts of china they have been taking place for the same reasons. the covid restrictions that have been imposed nationwide. there has been some organization over telegram and other chat apps across china. we have had reports, that the police are stopping people and checking their phones. looking for apps on their phones, if protesters were using them. there was an attempt by the chinese authorities to make sure there is not some organization, organizing happening to pull these protesters together. so far they are more desperate groups of individuals that they are a collective. i think that if there are signs these protesters are organizing don't make the situation much more serious. shery: greater china senior editor executive, we are getting the case number number, 8721 f

shery: following toyota, sony and softbank trading across japan.ng to invest ¥1 billion each in a chip venture. the japanese government will also provide ¥70 billion in subsidies for next generation chip technology. we continue to see this raise for high technologies in the chip sector, semiconductor air is a huge part of the geopolitical tensions between the u.s. and china. we heard from japanese media that toyota and other companies would launch a new entity altogether to develop and manufacturer those semiconductors. we are hearing the investments will be ¥1 billion each in chip ventures from toyota, sony and softbank. let's talk more about the race for texas premises. this will actually be one of the key topics at the fifth annual bloomberg economic forum taking place in singapore. new economy editor erik schatzker is already there. we are looking forward to joining you next week. what are the things we will be following? >> you have so kindly been helping me beat the drum for weeks. as you say, the new economy formed bloomberg's flagship event

shery: stocks are opening on the upside this morning. the federal reserve showing solid gains in new openings for jobs, if it is a wednesday meeting, the owner open the door to slow down at a rate hikes ahead, we saw that it medigap stocks, apple is down pretty sharply, nasdaq is up. energy is the biggest gain or. -- gainer. in 2022, stocks erased again 01%, the most for any year since the financial crisis, bonds are little changed. the 10-year note was 4.05%. we see a follow-through on the negativity, that is almost unchanged on the s&p 500 futures. the golden dragon index was the big story. china stocks, the unverified tweet or the social media posts that they may end the covid zero strategy now, unverified by the foreign ministry by the way. golden dragon index close to 4%. it was up by as much as 7% on the day. it is so interesting, if china will end covid zero, start up now, that could be good for commodities. oil was two dollars higher on the story. annabelle: the question is can the rebound last? as you say, we are in venmo today.

so when i went home to tell sheri, that's the only thing i knew was that lori was dead. >> i looked up. we need to talk. do you remember what i said? >> you didn't want to sit down. >> i said, no. i'm not going to sit down. and you just know whatever it is is going to change everything. and he said, lori died in the night. >> the search goes on for the murderer of three little girls in a girl scout camp near tulsa. >> as investigators hunt for evidence, hope for clues, stolen glasses, a note. >> whoever wrote the note said, i'm going kill three girl scouts. and the counselors thought it was just a prank. ms tries to stop me. ms is like riding into headwinds, but i keep pushing forward. does ms define me? no, it does not. i take ocrevus, an infusion treatment that's two times a year. a prescription for adults with relapsing or primary progressive forms of multiple sclerosis, ocrevus is proven effective in reducing relapses in rms, and slowing disability progression, and reducing brain lesions in rms and ppms. don't take ocrevus if you've had a life-threatening allergic reaction to it, o

so it's a good time for worship because if your ssl is told that was time for troy, sheri is also strong because when russia were cowards in prizes like october, 1st of all caught up. so for so your journey on there was no, i was for far behind the west. ah. now look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence. and the point obviously is to great truck rather than fear a various job with artificial intelligence. real, somebody with a robot most protective phone existence, with with, with the modem boss, with, with key at the washington state. the process is to dealer molly complete with lexia professional in the city and the prevalence zavala, but yet with we're sure it says he's reason. yes. tosto stuff with stumble, financial sort of stuff with which you see numerous top political expert. dmitri babich didn't believe in rosa, forbear. at 1st, the ussr spoke of western anti

so it's a good time for worship, because yours is told that so cited troy. sheri is also strong because when russia with cowers surprises like i still felt world roll off other code, lots of books. so yet, junior on there was no, i was for 4. be i'm there was l look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings accept where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence and the point obviously is to great trust, rather than fear a job with artificial intelligence, real summoning with a robot most protective phone existence with we're sure it says he's reason yes. tosto stuff with stumble, financial sort of stuff. with which you see numerous top political expert dmitri babich didn't believe it was the 3rd year at 1st. the ussr spoke of western ante, soviet isn't, but that didn't mean russians or she gives to a young, you know, a big rush. i gotta centers, which in years she, they decide, you know, social car, go ahead, socialist, precise

seeing some sheri right here. france sinks in wet weather and that makes his way a little further. a switch. we'll see some heavy bursts of rain into southern parts of france. maybe a cheryl too, still lurking there across spain and portugal. not too much about what to whether across northern africa. here it is. lossy finance. rice did. a few share was into west africa. might see some live the ones that for ivory coast. i'd also forgotten . ah, every footstep moving in the sink with the world to bring health equity for all to be together again with the ones far apart with transformation and collaboration, indonesia urges beliefs the world in moving forward as one bridge over together recover stronger. ah ah, welcome back. the main stories now, if you're a p, as government and rebel forces, if agree to facilitate immediate humanitarian access to wharton, take ry pledge signed in nairobi is the latest step and 2 years of conflict, which has left thousands dead and displaced millions and ukraine's presidents as russian forces destroyed all of harrison's critical infrastructure before

so it's a good time for show because if your ssl is told that so cited troy, sheri is also slow because when russia with cower soon prizes like october, 1st, well, roll off the other code. lots of folks. so yet you're new on that was norris for, for b, i'm there with ah ah, a we're sure it says he's reason yes. tosto stuff with stumble, financial sort of supplementary with which you see numerous top political expert. dmitri babich didn't believe in rosa, forbear. at 1st the ussr spoke of western anti soviet isn't, but that didn't mean russians or she's just too young to me out with big rush, i gotta centers which in years she, they decide, you know, social car go ahead such was precise to proceed and you go i really cool stuff, we me, unless you're open to me, just real world would change, stood bustos, me, of pico vidalia torno, visio that are kaltura yo flew over. i got a little bit of my monkey up, almo still wanted to just the, almost to my mom is a student. he is not supposed to meet someone of chivalry beach no matter how much they apologized. russians when never popular, and even

so it's a good time for shop because if your cellphone is told that so sign for troy, sheri is also strong because when russia with cowers surprises like us, so the 1st world will ask other code, lots of books. so yet, junior, on, there was no, i was for far behind the west. ah luis, counter russian state full narrative. i've studied us on the most landscape with rural van in the european union, the kremlin machine, the state on russia today, and school ortiz spoke mckibbin, our video agency, roughly all band on youtube with me. ah ah ah, watching a was a in a shall shorter one, a finance national z m known this is shyly your been when you buy, when you sit down with with shorts a so easy. yes. tosto stuff with global financial sort of stuff with which you see numerous top political expert. dimitri babich didn't believe it was a full beer. at 1st the ussr spoke of western ante, soviet ism, but that didn't mean russians or she gets to a young with big rush. i forgot about centers, which in your machine davis, he also chicago socialist. precisely what a sheet and you go, i really cool stuff.

and then towards rio silex, occasionally sheri bar a day she jumped further south. so temperatures are actually something of a story $29.00 or so on. the east coast of argentina above where it should be, but with some spring shells coming in to with sponsored by categories. years from i'll just on the go and me tonight out is there is only a mobile app is. this is where we dissect online to find it out is there is a mobile app available in your favorite app. still just set for it and tapped made a new app from al jazeera new at you think it, it ah, hello again. i'm nora kaleil. welcome to our continued coverage of the us mid term elections. 2020 team will get the latest in just a moment. but 1st, let's take a look at some of the days. other top news stories. a rescue ship carrying 230 for my goods is headed to france off to italy, refused to allow them to disembark. the ocean. viking is the 4th vessel to demand permission to dock in the country. this week it's on the migrants who are deemed vulnerable have been allowed on to shore protection of rescue vessels is see

clouded rain, which was west will that pushes rod across northern ireland, scotland, england sinks from sheri right here. front sinks in wet weather and that makes his way a little further. a switch will see some heavy burst of rain into southern parts of frost. maybe a sharrell too. still lurking there across spain and portugal. not too much of my wet weather across northern africa. here it is. lossy fine and trash did you share was into west africa, might see some light, the ones that for ivory coast. i'd also forgotten. ah ah ah ah, hello again, this is the main use the south. the democratic party has retained control of the u . s. senate catherine cortez musto, narrowly defeated, her republican challenger, adam lock salt in nevada. control of the house of representatives though, is still not decided. ukrainian authorities are working to restore power and water to the city of just song president. zalinski says that key infrastructure was destroyed before russian troops fled 2 days ago. in the past month, keith has come on a more sustained attacks than at any time since the early weeks of t

east neck would open, i think the shower per pates of that and then towards rio, silex, occasionally sheri bar a day if you jump further south. so temperatures are actually something of a story. 29 or so on the east coast of argentina above where it should be. but with some spring shells coming in. ah, in 1958 charles de gaulle made a famous speech in algeria. ah, but he could not hold back the tide about jerry and independence. all keep francis colonies in africa and the pacific. in the final episode of the series, al jazeera explores how the long and bitter fight for the french empire still resonates today. reluctant is french, the colonization on al jazeera lou . ah, you're watching al jazeera alive from doha. a reminder of our main story this. our americans are voting and crucial mid term elections, which good? see the democrats lose control of congress? offending the rest of present. jo biden's presidency at stake, all 435 seats in the house of representatives and 35 seats in the senate. home suggests republicans will take for house, but the res, to control the senate looks tighter, c

shery: the top stories this hour. stocks under pressure ahead of friday's u.s. jobs report on concerns hawkish fed may cause a deeper recession. the yield curve inverting to a four decade extreme. >> the be away -- boe biggest hike and 30 years. a new phase of tech austerity prop job cuts and a hiring slowdown. look at apple after hours because we heard that they have stopped hiring outside of r&d. we are seeing the downside pressure after the close. we had the s&p 500 down for a fourth consecutive session. it was down 1.5%. the pressure was on big tech given that we continue to see the resumption of losses. we are also watching eco-data. what that means for the fed. broader risk off sentiment translating into oil prices. it's all about the jobs numbers coming up on friday. look at the jobless claims that came out today. the jobs numbers did fall slightly. they are still near historic lows. we are seeing an overheated labor market like jay powell said it's correct. we are thinking the jobs numbers will come in with the growth of 200,000 showing the labor market

shery warns us she's not trying to tell a story about her past we need to know what she was hearing and what she was telling herself because it is the truth look aroundd we need a little truth telling. [applause] >> thank you so much for being here tonight it's always an honor when anybody comes out of their comfort zone to hear somebody else's story or to hear somebody else talk. we have so much going on on the television and internet. but we know the value of interaction with human beings. at least weve do. our kids don't. [laughter] but thank you for being here this evening. what do you want to know and what do you want to ask me? when i set out to write the book people kept asking me we want to know more about your story i would go around and speak and they would say what is your story because i would tell little parts of my story to relate to issues of human traffickingyi that i was lobbying for or trying to get things passed and i would tell stories to relate to the issue at hand but people want us to go deeperda or what happened to you to get you to stop? how didme you stop? when

we've got sheri beesley and ted bud and i get a very close race. but this was a classic example of how busy was pulling ahead. first of all, when early votes were counted, they tended to favor democrats. now all the vote counting is coming and they get 67 percent of the votes have been counted and we're seeing the republicans catching up now. pennsylvania, the senate. let's look at what's happening there. this race is so closely watched as a key battle ground state. martin with those on force 2.58 percent. john fassman though pulling ahead there ahead of memory. ok, so looking with only 24 percent of the votes counted like democrats lead way too early to call there. we might not get the results from her for a few days yet. so let's go now and look at the all over picture of the senate race there in the united states. you've got the republicans being projected winners in all the states in reds. and the democrats are taking the states in blue. those dark gray areas are still undecided on the ones in the yellow while they're the big key states that we

north carolina, that big senate race there between ted budd and sheri weaselly.pecting a lot of those kind. other places like virginia, where there's two or three competitive congressional races. we expect the polls to close there some clock where they're all gonna be counted. someone like ohio where the senate races going to be -- between ten ryan and j.b. vance. we got a lot of those kind of. that those are the places i'm really going to be looking at tuesday for him. the rest of it is just kind of a hurry up and wait scenario. i'm sure the folks are probably not gonna know at the states. we're probably not gonna know much on election night that's gonna tell us about the outcome. >> and you have about 30 seconds i answer -- the blatant political council vote steve, a lot of voters say they're undecided. which candidate to support for harms grows. what other chief concern for undecided voters this year? is there any indication where they're gonna? go >> one of things we notice is that there are more likely to disapprove of the job that president joe biden is doi

this, as democrat sheri beasley is trailing just behind congressman ted budd in the polls.ndidate is taking anything for granted right now. the race is closer frankly than many republicans want it to be and beasley is running a unique rice. even some republicans i talked to say their neighbors are just as enthusiastic and anxious about this election as they have been, which is reflected in some of our new nbc news polling. take a look at a conversation i had with budd about this just this morning. >> talking about the polls, democrats and republicans, what you are focused on now? >> our message has been very consistent. if you're concerned about inflation, and you're concerned about crime, if you're concerned about education, then this is the party, this is the candidate to support. >> most people, when you ask them, they view this as ted budd's race to lose. but if there's an upset here tomorrow, and a surprise, it's going to be because beasley has done something that most democrats don't do in the state of north carolina. usually, people just spend all their time in the u

and incur shery ahn is headed to mexico city for the conference.s against an environment of high inflation as well. let's discuss the growth prospects for latin america with augustine costumes. we have seen broadly across emerging markets a picture of more resilience in other scenarios where the global downturn had been impactful. but it is an inconsistent growth picture. >> obviously, the current situation has had an important impact on latin america. one of the traditional challenges has been for the exchange rate. the key currencies in latin america has been very resilient. the main currencies have appreciated against the dollar. some think that was very hard to think in the past. that does not mean from the growth perspective that there are no challenges. they have been affected by trade issues, by the commodity issues. there was a challenge in trying to bring together measures to strengthen stability and engineer more growth in the region. >> here at the bloomberg new economy forum this week, there is been concerned about the inflationary pric

hold ford, but, yes, everyone you are used to seeing from pretty much everywhere in the world, so sheryying in from america. we have heidi flying in from us really are. we have colleagues coming in from around the world. erik schatzker, one of our faves, of course, also coming to the region. stephen engle, of course, will also be at that conference. i'm a bit confused, but yes, we will be covering this, the three of us from here from over there. rishaad: we'll just go have a drink somewhere. just to let you know, do stay tuned for this. it will be interesting. a lot of analysis, a lot of insights from the leaders at the meeting taking place in bangkok. there you go. dan cox will be the destination. this is bloomberg. ♪ this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the plannin

shery: certainly a lot to be watching as we get into the opening of south korea, japan is shut for culture. no open of cash treasuries until london comes online. it does take a few minutes for us to start seeing life pricing for the kospi and cossack index -- kosdaq index. this is a reaction, powell and his press conference highlighting not only will the fed to be sticking with a smaller pace of rate hikes moving ahead, but what is most important is the peak for rates could be higher than what markets are expecting. kospi down 1.7% on that tracking those moves for the u.s. session. not only the first -- worst fed day since january 2021 but the first time we are seeing the u.s. session dropping more than 1% in back-to-back fed meetings since 2008. we are keeping an eye on the kosdaq, under the particular mover will be in social media stocks. elon musk planning to eliminate half of twitter jobs, so social media companies want to watch. certainly we did see rate moves affecting big tech in the session. take a look at how australia is trading, at one hour into the session for the has -- asx 20