vanessa hudson will take over as the carrier's first female boss. so what is going on here?orter in the region, katie silver. 15 years in the job and it does seem that his legacy has been somewhat dashed. the reason for all of this are the mounting controversies that qantas has found itself facing. it has, of course, recently had record profits, but there's been a series of scandals and that has led to growing anger amongst the australian population. in fact, the airline is facing legal action on numerous fronts. most recently, australia's competition regulator said that they were going to be investigating the airline over about 8,000 flights that were cancelled, but consumers weren't informed. so customers, for example, had tickets on these flights or the airline actually even continued to sell tickets for multiple weeks, even though they knew that these flights were cancelled. now, the airline has admitted fault on this front, said that it has indeed caused reputational damage, but that is by far and away not the only thing that has caused reputational damage for qantas re

what do we know about vanessa hudson here?optics are not great and joyce said in a statement that was released this morning he is stepping back to allow the company to focus on his renewal, it's renewal. hudson is going to be a big part of that. she's going to have to turn around public sentiment toward the company that people have revered for so long and it has really come down in the last few months. a lot of people watching qantas to see if it is going to reclaim its former status. david: karen lee, global business editor. in alyssa are bullish on stock prices, they just flashed on your screen. just ahead in markets we are talking emerging markets and debt. why they think investors may be stuck on the wrong foot for the next few months and what they mean by that. rob savage joins us in a couple of minutes. keep it here. you are watching bloomberg. ♪ i need it cool at night. you trying to ice me out of the bed? baby, only on game nights. you know you are retired right? am i? ya! the queen sleep number c2 smart bed is now onl

vanessa hudson will take over as qantas' first female boss. 0ur international business correspondentns why mrjoyce has left early. his departure has been coming and it's been brought forward for very good reasons. if you look solely at the financial performance of qantas, then you would be justified in saying, "why on earth is mrjoyce leaving 7 " because as you say, they have just recorded a record annual profit. they steered themselves through the financial crisis. in financial terms, this is a robust company and throughout his tenure, mrjoyce focused on cutting costs. he focused on facing down unions, he focused on increasing profits, and he's done all of that. the problem is that a lot of this has come at the expense of qantas' reputation with its staff and with consumers. and over the past couple of years, these pressures have been starting to mount up. so in the wake of the covid pandemic, when qantas was returning to service, customer service was seen as being very poor. there were problems with baggage handling, there were problems with cancellations. all of that has added up.

vanessa hudson will take over as the carrier's first female boss. so what is going on here?wing the story from our asia business hub in singapore. why has he had to go sooner rather than later? figs why has he had to go sooner rather than later?— why has he had to go sooner rather than later? as you say 15 ears rather than later? as you say 15 years on — rather than later? as you say 15 years on the _ rather than later? as you say 15 years on the job _ rather than later? as you say 15 years on the job and - rather than later? as you say 15 years on the job and it - rather than later? as you say | 15 years on the job and it does seem his legacy has been somewhat dashed, the reason for this is the amount in controversies qantas has found itself facing, it has recently had record profits but there has been a series of scandals and that has led to growing anger among the australian population. the airline is facing legal action on numerous fronts. most recently australia's competition regular agency they would be investing the airline about 8000 flights that were cancelled and co

vanessa hudson will be taken the home. this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add an adjustable base. shop now only at sleep number. >> i think we are descending from the 2021 bubble and this should be normal the deflationary period. which is a function of will be earnings decline, will profit margins declined, will the economy go into recession? we will have a recession deep into next year perhaps. and a decline in stock prices. >> you can see the full interview on bloomberg wealth with david rubenstein at 9:00 p.m. tuesday in new york. 7:00 p.m. wednesday in hong kong. goldman sachs says he sees a 15% chance the united states will slide into recession, down from 20%, as cooling inflation and a resilient labor market success the fed may not need to raise rates further. the investment bank is more optimistic than it appe

allegedly selling tickets to thousands of flights it had already cancel. joyce will be succeeded by vanessa hudson. the 1st woman to be 0. the maker of weight loss truck wiggle. v has become europe's most valuable firm with a market valuation of 400000000000 years. shares of denmark's noble nor desk rose after the drug was launched in buquet. rigo v is an obesity treatment which tricks people into thinking. they are already full. so they end up eating less workers that to chevron l n g project in australia, applying a total strike for 2 weeks starting mid september. it would be a significant escalation of an ongoing dispute overpaid and conditions. australia is the world's biggest ellen, g exporter and worries about long term disruption, has stopped volatility in natural gas. hundreds of young environmental. this took to the streets of the canyon capital, nairobi, demanding action on climate change. as after done as the african assignment climate summit kicked active as called on world leaders to reduce taxes and increased subsidies on renewable energy like solar, demanding africa to transition to

he will be exiting early handing over the reins to vanessa hudson on september 6.can see the stock there about 8% higher outpacing the broader asx 200 which is just a little in the red as we get trading underway. another group of stocks if we change our now that were tracking this morning. some ones that are being added to the nikkei two to five so it is carried out its semiannual review. these ones here these top three are ones being added so we have the chip equipment maker laser tech and we also have the e-commerce firm mccarty here, a furniture retailer. the top two being added to their higher liquidity. notaro owing sector adjustments, that is what the nikkei local media in japan is reporting. of those in focus for that reason but i will concerted -- securities has upgraded its price target for toyota and not raised it to 2007 hundred yen up from 2300 apiece. they are saying that shares are currently trading flat but over the longer-term term they are saying they look attractive. one last talk in tokyo we are watching this morning's softbank because it had the

it started off with the new ceo vanessa hudson making conciliatory remarks admitting qantas really needed better. the senate committee chair bridget mckenzie really laid into the airlines challenging hudson on the new direction considering hudson had given support to the former ceo alan joyce this policies during an investor day leading to ghost flights, illegal sackings, etc.. mckenzie asked a series of questions qantas did not have answers for. they did not make a submission into the inquiry either. it really built into an opportunity for the senate committee chair to scold qantas. here is what you had to say. chair mckenzie: guess what? when you come to a senate inquiry we ask questions and you are supposed to come with the answers. it's a bit like failing to hand in a submission. not having details about when you had made significant decisions in partnership with the government to show us a level of disrespect. paul: this committee was set up to investigate the government decision to block cotter airlines from getting more landing slots. of course, senators did not let the opportunity

rishaad: and vanessa hudson will be taking over for him.ter the annual general meeting the which takes place in november. there we go. that is a look at stocks overall, msci asia-pacific index down by 0.7%. you can also look at whether anything is happening with regards to people arriving out of the asean summit. we have had the markets not arrived today is a positive manner. yvonne: we are seeing red across the board right now. it is weaker data out of china, uncertainty around the dollar bonds of country garden, and the dollar is firmer across the board as well. it is a sea of red. we have more to come. this is bloomberg. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. haslinda: it is almost 11:00 a.m. in singapore and shanghai. welcome to "bloomberg markets: asia." i am haslinda amin. rishaad: i am rishaad salamat. asian equities are siding with china's property sector w

but we will get the new chief executive vanessa hudson, fronting the panel itself, and that will be interestingthe chairman in the line of fire? we saw alan joyce retiring early because of all of these issues at qantas. could we see more changes at the top? angus: i wouldn't rule it out. although alan joyce's early retirement was meant to be a circuit breaker, meant to relieve some of the pressure on qantas, what it has actually done is just redirected towards the chairman, richard gorder who was a big defender of alan joyce, every time joyce came under pressure for some of the decisions he made. richard verily backed the chief executive alan joyce, and at one point said he was the best ceo in the country. what we have had in recent days is the senior pilot in an unprecedented move, called for him to resign. so it's not clear whether he will buckle. he said he is staying put for the moment so long as he has the confidence of shareholders. it'll be interesting to see if he can hold that until the agm in november. haidi: one of their secret weapons has always been that loyalty of the analyst comm

joyce's replacement, if you are wondering is vanessa hudson. >>> and president biden weighing in on potentialthe president is not worried about the strike. he doesn't think it will happen. uaw members are prepared to strike if the agreement with ford and gm and stellantis does not come to agreement by next thursday. >>> and the chinese made vehicles rising by more than 9% for tesla. the ev maker delivered 84,000 vehicles from the shanghai plant. the jump coming after tesla cut prices and the revamped model 3. >>> more on "squawk box" with the latest on the hollywood strikes and the cable carrier fees. we will talk to matt belamy coming up. a beautiful shot here of the white house here on tuesday morning. >>> welcome back to "squawk box." we will get to the latest on the hollywood strikes and the fight with founding partner. good morning to you. let's start with the state of play for the strike and i want to get to some of comments made last week. labor day was the day for many months you and i and so many others talked about the day that this would all get resolved and i am looking at my clar