guy: -- yvonne: i'm sure sh -- shery: i'm shery ahn in new york. omicron is wreaking havoc. for ceo's return to office plans. they tell stuff to stay home. the u.s. senate passed a bill that would ban goods from china's she john region unless companies could prove they weren't made with forced labor. haidi: let's get you straight to the start of trading, this friday's session, ozzie is looking to reverse three days of losses this week, off to a pretty good start, a mildly positive start to this open in sydney. in the meantime, we are seeing a flat session over in new zealand. we spoke with the finance minister earlier about the impacts of omicron and potentially how that affects the reopening and the economic recovery. he was fairly optimistic. futures looking unchanged at this point. we are watching for that final session going into the start of u.s. trading, a very eventful week for not just a fed chair, but global and central bank. shery: so many to discuss, but u.s. futures slightly higher after stocks fell. the most expensive parts of the market sounding off because of

shery: i'm shery ahn in new york. welcome to "daybreak: asia." asian stocks set to follow wall street lower. traders are weighing the economic threat of virus restrictions against vaccine optimism. evergrande in default as a huge restructuring looms. the pboc says the crisis will be dealt with in the market oriented way. the u.s. senate clears the last major hurdle to raise the debt ceiling, the legislation could pass as soon as this hour. haidi: let's get you straight to the start of trading. we are seeing weakness across asian stocks, just following that weakness we saw overnight in the u.s. traders are halting a little bit, given we do still have all of this uncertainty over the new virus variant. also getting key u.s. data inflation numbers. we are seeing traders staying on the sidelines ahead of that. we are looking at weakness as we get that trading here in sydney. new zealand, up .5%. also seeing pretty flat trading at this point when it comes to the start of the day in japan and korea. shery: take a look right now at what is happening wit

shery: let's get you to the market outlook in sydney. a strong rebound overnight for wall street shares, tech leading those gains. nasdaq stocks about 3%. we are watching the tech heavy markets coming online in the next hour. sydney, up .3%. we continue to wait for more data, omicron sounding more encouraging. we are also waiting for reaction to the australian government confirming it won't be sending government officials to the beijing winter olympics, but stopping short of calling it a diplomatic boycott. new zealand, pretty strong gains in trading. chicago nikkei futures, 2.6% higher. dollar-in stabilizing back above 113, indicating sentiment is starting to play out. shery: u.s. futures extending gains, up .2%. u.s. stocks wiping out losses from the past week. one of the best spaces for risk assets after the plunge last week. 10 year yields surging. treasury futures holding steady at the moment. bitcoin under pressure after three sessions of gains after being at the $50,000 level already. watchers saying perhaps $55,000 is within race

shery: we are coming up to the u.s.se vote on the bill, what kind of effect would we see if it was ultimately passed? >> nancy pelosi today, shortly after we heard from jen psaki about the limbic boycott said they would vote this week on the house bill. it would essentially punish or sanction companies, it would affect the ability of companies to get preference with the federal government. contractors who did business in china. it would have an effect on companies. even though it is expected to pass the clouse -- house, it is inspected how it would do it. it is interesting that nancy pelosi, on the very day that the u.s. senate would boycott the diplomatic boycott of the olympics. they're going ahead with a mode in the house -- vote in the house. shery: could the sanctions against russia be symbolic? >> we are hearing that the president may well edified that she decide to tell president -- the president may decide to tell president putin that he would consider that if they did invade ukraine. it would affect banks, it w

shery: the u.s. price producer inflation numbers? what do we know? kathleen: consumer prices have already been rising since their fastest -- rising their fastest since 1984. consumer prices show the fastest rate since 1990 when the labor department revamped their support. if you are worried about inflation showing up in consumer prices, goods and services and you see wholesale prices, what retailers have to pay passed on to the people who buy their stuff, you know you've got some momentum there or maybe worried about that -- 10% year-over-year ppi and the core ppi rose at nearly 8% year-over-year and prices for goods and services were rising last month. inflation in the pipeline -- you go in the projection -- intermediate goods prices, people were talking about supply cut constrains, all the things playing a role here and the federal reserve, jay powell already drop the word transitory. he says he's ready to consider faster tapering of bond purchases which could maybe and in march. put that to one si

this is bloomberg. ♪ shery: welcome to "daybreak: asia." i'm shery ahn.m haidi stroud-watts in sydney. major markets have just opened for trade. fx stocks set to follow lower opening concerns about the omicron strain. tapering stressing vigilance on inflation. a bloomberg scoop. >> i thought there was a strong case for tapering and a faster pace than what we had announced. since that time, the data had come in supportive of the case. i'm open to supporting a faster pace of tapering. haidi: china looking to close a loophole used by tech firms for foreign ipos. shery: take a look at the japan and korea open. broad downside pressure for the nikkei and topix. nikkei led lower by real estate and consumer discretionary stocks. the only sector gaining ground, a little bit of haven play. the japanese yen holding at the 112 level. a little bit of strength against the u.s. dollar -- weakness against the u.s. dollar, but after significant strength given the uncertainty over the omicron variant. not to mention we had seen the turnaround with the japanese. hawkish com

shery: take a look at toyota motors. the company as they are expanding the suspensions of their plants. some of their operations. we have seen downside pressure in the last week although in this session we are seeing a little upside. their spokesperson commenting in an email statement saying they will expand the factory halts. no real change in the global production plan for 2020 one. forecast of 9 million. be plant -- the plant that was halted -- given the supply chain issues, it has hurt japanese carmakers and carmakers globally. toyota saying the output halt will impact 14,000 vehicles. the toyota ceo will also be holding a news conference about their ev battery strategy. bloomberg users can follow that on live go. hong kong's financial regulator plays out rules for quarantine free travel to mainland china. this is bloomberg. ♪ vonnie: this is "bloomberg daybreak: asia." the white house is seeking to bolster ties around southeast asia as a counterweight to china . the secretary of state is on a three-day tour of the r

shery: welcome to daybreak asia.sian markets set for a cautious open as investors weigh a third day of gains on wall street. >> investor concerns over omicron ease as pfizer say a third vaccines -- vaccine dose neutralizes the variant. >> kaiser enters close to bondholders with the financing deal. >> i am stephen engle live at the hong kong exchange. in hong kong, we speak with talk executives focusing on asia's transition to a cleaner economy. the head of sustainable finance during's me in a few moments. >> up next, the start of trading in sydney after markets had their biggest gain in over two months in the wednesday session. this is what we are seeing. we are seeing not any reaction when it comes to the bitcoin and crypto adjacent names after we heard from the governor for low saying there is no strong need for central-bank digital currency after the treasurers comments. new zealand seeing downside. warning of stress from new homebuyers as we see this increasing rate environment. that was the big story this mornin

shery: what form could that help take?> as far as having the banks provide more lending to the developers, moody said yesterday that in the third quarter, inc. loan growth to developers was the lowest in a decade. there has been obvious tamp down from the banking side to provide financing to developers because their concern is to whether or not they will get paid as well. not to mention the defaults we have seen in recent months. haidi: as we continue to monitor the property sector and the fate of kaisa, we are hearing that the offer to extend 6.5% senior notes that is just crossing the bloomberg now. we will continue to watch that as the details get to us. then, we are seeing the announcement of a lapse of the exchange -- related to the outstanding 6.5% senior note due as well. our china credit editor is there with us. that's get a quick check of the latest business flash headlines. priced shares in the hong kong listing of its twitter like product. chinese regulators continue their tightening of oversight on local firms

shery: welcome to "daybreak asia."he fed's most hawkish pivot in years. >> we are phasing out purchases more rapidly because with elevated inflation pressures and a rapidly strengthening labor market, the economy no longer needs increasing amounts of policy support. shery: more signs of distress in china's property sector. another developer asking for an extension. and investors looking for any reaction from the fed to the spy in covid cases. haidi: we did have that record high for new south wales. let's look at how markets are pricing all these in. that ultra hawkish pivot as we could potentially look at it from the fed overnight. that staggered start to trading. and pick airbus to replace its aging fleet of boeings. that stock reported a loss for the first half. we are watching new zealand but did get better than expected gdp numbers showing a better-than-expected impact of recent lockdowns. also watching out for labor market data. that is expected to be quite positive as well. we're protecting maybe that surge in em

shery: some would criticize it as very mixed messaging for the beijing winter olympics.the government have gone one step further in confirming a full diplomatic boycott? grant: well, we've already let the got -- the chinese government no in october -- know in october. there was a range of reasons for that. new zealanders certainly can raise their concerns about human rights issues in china. in fact, in the conversation where the prime ministers are, we were letting president xi know we wouldn't be sending ministers. there is a conversation where he raised human rights concerns. we had already taken our decision. you can be sure that new zealand will continue to raise the concerns we have about human rights in china within the context of a wider diplomatic relationship. anna: new zealand's deputy prime minister grant robertson there. for more, let's bring in bloomberg markets live european team leader kristine aquino and think about what we are seeing in the asia session right now, what that means for the european session ahead and into the u.s. good to speak to. we've se

guy: -- yvonne: i'm sure sh -- shery: i'm shery ahn in new york. omicron is wreaking havoc. for

shery ahn joins a set of new york. the potential performance of currency going into next year? >> we have seen that already this year, the yuan's resilience has played a role limiting the fluctuations we have seen in emerging markets. it seems in the past 12 months -- now we are hearing from the news the state council meeting is saying that china will keep the yuan basically stable. this will have broader implications for emerging-market currencies. this chart on the bloomberg showing its correlation with the index of developing peers rising to a record in september. we are talking about .81. as low as .24 at the end of 2020. we have china -- being a factor but also because of you on's strong links to brazil, or -- [indiscernible] >> shery ahn in new york. tune into bloomberg radio here. take newsmakers and in-depth analysis from the daybreak team. listen via the app or bloombergradio.com. 20 morehead. ♪ >> alibaba -- updated a major bug in its software because it was unaware that severity. a comes a day after china's

shery: i'm shery ahn in new york. welcome to "daybreak: asia."s set to follow wall street lower. traders are weighing the economic threat of virus restrictions against vaccine optimism. evergrande in default as a huge restructuring looms. the pboc says the crisis will be dealt wi

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we heard that a lot from shery ahn. romaine: they are ahead of us in inflation too. we are going to get some expert commentary from emily weis. she is going to be joining us in just a moment right here on bloomberg. ♪ romaine: today we are focused on the big risks to the global economy coming up in the next year. bloomberg economics put together a list of the most vulnerable emerging markets based on factors like external debt and account balances. taylor: i said they were ahead of us in raising rates. you said they were also ahead of us in inflation. maybe they are ahead in debt, vulnerability as well. how rising rates impact that is interesting. kailey, give us the top rankings the team has compiled. argentina, turkey, brazil, these are countries where we have talked about their currencies, the independence of central banks, you name it, political events. kailey: i just got back from a trip to argentina and every person i spoke to talk to me about inflation, regardless of where they were, what field. it dominated the focus. even as central banks are moving toward t

shery: asian stocks set for gains after tech leads wall street to its biggest rally in nine months.timen

. ♪ shery: welcome to "daybreak: asia. haidi: we are counting down to asia's major market opens. has its worst two-day selloff in over a year with volatility spiking as the u.s. confirms one case of the omicron virus strain. jay powell warns of the risks of persistent inflation but says the fed's will adapt. we speak

sherie and kate's first christmas together in their new home. merry christmas.day, so we can't go anywhere, so we're going to enjoy it here. it's been a confusing build—up to christmas. less organised this year than i was last year. kate mccarey�*s plans are up in the air, unsure if she'll see her grandchildren, due to fly over from america on thursday. if they come, how much we will be able to do? because we don't know what's going to happen immediately after christmas, and therefore, whether it's worth them taking the risk. it has been busy here today with shoppers and day—trippers, but most people have said they've taken a cautious approach to this christmas, not making any big plans in the first place, just in case they have to cancel. we are worried to go away in case something happens and we can't get back, and we can't be stuck away. normally there would be about 25 of us, all have like a big dinner and everything together. but now it'sjust going to be the four of us, and we'lljust, if we are allowed to, we'lljust try and pop round and see people. mum ord

shery: our top stories this hour -- asian stocks stat -- asian stocks set for a mixed open.roperty sector woes are another drag but one developer says they can meet the allegation.

shery: welcome to daybreak asia. cautious open as investors weigh a third day of gains on wall street. >> investor concerns over omicron ease as pfizer say a third vaccines -- vaccine dose neut

shery: if the netherlands is going back into lockdown, the health minister saying we are in a differention and it is not winter, is that enough of a reason to not take further measures and is there any reason to expect the hospital system will not be overwhelmed? given at the moment we don't really know -- the bulk of the cases would be delta or omicron? mary-louise: at the moment around the world, omicron hasn't supplanted delta yet. there is a mix of delta and omicron and it looks like mostly delta at the moment around the world. that argument, it is not winter and we are not at risk i think fails to understand it is about behavior. in winter, people go indoors in europe, but in australia, when christmas occurs, people start socializing at a great rate. it is when you catch up on family and friends you have ignored for a year. australians do enjoy that socialization indoors and outdoors. they are at great risk. we are starting to hear cases where young people have had two doses but are starting to get what is labeled as mild, non-hospitalized, because they are socializing. and their h

shery: welcome to daybreak asia. haidi: we are counting down to the major market open.ncerns over omicron start to ease, china policy code as there is a downturn in the real estate market. the evergrande

shery: welcome to "daybreak asia."pivot in years. >> we are phasing out purchases more rapidly because with elevated inflation pressures and a rapidly

shery: welcome to daybreak asia. asian stocks set to open off the back of u.s. gains.ith opec-plus adding an escape because to its hikes. a tumble in a new york debut after a record-settinsp

tate's sister sheri says he never could shake the feeling that the authorities would come after him.erer. brian had even seen in the paper that they were calling him a crazy and deranged neighbor. it just devastated him. >> reporter: that summer, brian tate tumbled into a downward spiral and never recovered. he died in september, 2012, just four months after lisa's murder. the coroner would think it was heart. >> yes. >> reporter: what does the family think it was? >> a heart. a broken heart. >> reporter: now the prosecutors from the state's attorney general's office worried that a jury might think the deranged deceased neighbor did it. their plan had been to call tate as a witness. >> on the theory that the devil you know is always better than the devil you don't, we wanted the jury to see mr. tate. >> reporter: but now with a trial date approaching, prosecutors had lost a key witness. >> bad for us, good for them. it's great for them. >> reporter: the long-awaited murder trail of seth techel was in the hometown otumwa. february, 2013, can you see yourself going into the courthouse?

sheri thompson, on that committee. and cheryl dickinson and ian hart from my own staff. if mr. johnson: would like to -- if mr. johnson would like to take a minute of my time to thank his staff. the speaker pro tempore: the gentleman from south dakota is recognized mr. johnson: i would echo the thoughts of mr. garamendi, there have been so many who worked together. and a broad national coalition. he is exactly right to call attention to the people who do the work behind the scenes. thanks you, sir. i yield back. mr. garamendi: this time i clearly yield back. thank you. the speaker pro tempore: the gentleman from california yields back. the question is, will the house suspend the rules and pass bill h.r. 4996, as amended. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. the gentleman from california. >> call for recorded vote. the speaker pro tempore: pursuant to section 3-s of