let's get to vonnie quinn. vonnie: the white house wants to rally allied countries to crack down on technologies. during a summit next week, the by administration will announce an initiative to prevent the spread of tech used to track and control citizens. officials declined to name which countries will join initiative. kaiser group has yet to pay interest due wednesday on a bond. separately, a deadline for creditors to swap a separate note during december 7 has expired. the developer fails to meet deadlines for two other notes last month. antitrust officials have sued a proposed takeover saying the deal would harm competition in the semiconductor market. the sec says it acted to prevent a chip conglomerate. it is owned by softbank group and licenses technology hundreds of companies. singapore is facing dramatic volatility and wholesale power prices as the nation grapples with the global energy crisis. wholesale electricity prices soared for falling again. traders say a drop in indonesian gas supply has caused t

let's get to vonnie quinn in new york. vonnie: thank you. oil prices for buyers in asia and the united states, signaling it sees demand staying strong despite the spread of the omicron variant. it comes days after opec and its allies surprised to traders with a decision to boost crude output. saudi aramco increased january prices for all crude grades, reason key arab light gray to customers in asia by $.60. u.s. defense secretary lloyd austin says washington will stand up to what he termed an increasingly assertive and autocratic china in the indo pacific region and beyond. he said strengthening alliances in the region is one way to smother china's military modernization, growing their capabilities and technological advances. >> the activity that we see in the region and other parts of the globe is disturbing. it is racing to develop military capability as fast as it can, but some of the coercive activity we see in the region has us and our partners in the region very concerned. vonnie: ray said he quote, sloppily answered and answer about c

i am vonnie quinn. this is bloomberg. rishaad: we will hear from a company weighing in on compliance and working from home. yvonne: and the top risk impacting global markets as we head into 2022. this is bloomberg. ♪ >> there's going to be a bit of a roller coaster ride. >> the continuation of volatility. >> the cycle is really about a change in regime. >> they left a lot of options open. >> the timing of things has been a bit complicated. >> the market is still uncertain about how to process this news. >> the possibility of tighter policy next year. >> there's going to be high volume. >> the news is extremely fluid. rishaad: just some of our guests on the program talking about the volatile ride through the end of the year. yvonne: talking about the long dollar china call, i think everyone has been kind of waiting for this to happen, and yet it still hasn't. what do you think could spark a reversal? >> i think so far all the pboc has done is introduce a two way risk into the r&b. as you said by introducing higher rates an

here is vonnie quinn. : 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 region and due to give an address in jakarta tuesday. the by dentist -- the biden administration is expected to focus on areas of cooperation like fighting covid-19 and climate change. time magazine named elon musk the person of the year. publisher said few people have had more influence on life on earth and potentially life off earth. the award has an previously presented to barack obama and mark zuckerberg. this capsule run in which musk solidified his standing as the world's richest person and turned tesla into a $1 trillion business. a financial regulator issued rules on kabul to mainland china. -- travel to mainland china. those eligible our staff and directors with regional roles and a main preface to travel to the province. each company has one pre-registration with a limit of two executives per calendar month. u.s. lawmakers are re

let's go to vonnie quinn with the first word headlines. nnie: president-elect gabriel boric says is government will maintain a commitment to fiscal discipline when he takes office and marched her he says there will be continuity of international relations and pandemic policies. boric is seeking to reassure investors after assets tumbled after his win. the main stock gauge falling 6% monday. g-7 nations have expressed concern over hong kong's elections. the form as to electoral changes imposed by china's central government last year, saying they eroded the cities autonomy. hong kong reported its lowest ever turn out in the election sunday with 30% of registered voters posting ballots. china's -- an unprecedented $210 million fine on a top streamer. popularly known as -- was ordered to pay off the charges in back taxes late fees and fine. beijing is turning its focus to online streaming which has thrived. the latest high-profile crackdown may -- who rely on the format to drive sales. former u.s. president donald trump has filed a federal laws

let's get a check on first word headlines with vonnie quinn. vonnie: the south african president has tested positive for covid-19 and is receiving treatment for mild symptoms. he was vaccinated with the single-dose johnson & johnson dose. the office did not immediately respond to requests for a comment on whether he has received a booster shot. south africa is in the midst of a fourth wave of infections fueled by the omicron variant. foreign ministers from the g7 warned russia to de-escalate activities around ukraine or face massive consequences. in a joint statement, the minister said they were united in our condemnation of the buildup and aggression toward ukraine. it has been three weeks since vladimir putin that drew up plans for an invasion that could take place though putin has denied any intention to invade. president biden has approved help for the state of kentucky. storms ripped across the south and midwest killing dozens. biden has issued an emergency declaration mobilizing efforts for 15 counties. the president says he has spoken wit

let's get the first word news with vonnie quinn. there is growing diversions among the world's top central bankers. 20 rate decisions are due this week, including from the fed, ecb, doj -- boj as well as acting other countries. some officials are aiming to tackle inflation while others want to fill demand. the omicron variant is the latest wildcard. economists predict china will start adding fiscal stimulus in 2022 after authorities laid out key goals in their annual economic policy meeting. top policies include stabilizing the economy. hawkish language on real estate expects the curbs will remain. a target will be revealed in march. the british prime minister, boris johnson, once the u.k. -- warns the u.k. is facing a tidal wave of omicron infections. new modeling suggests the country could face almost 75,000 deaths if additional control measures are not imposed. johnson has set an end of year and line for the booster vaccination program. that means every adult should be offered an additional dose by the end of december. new data fr

let's get the vonnie quinn with headlines. nnie: a group of chrysler bondholders is close to signing nondisclosure agreements come a move that would pave the way for discussions around a financing deal. sources say an announcement could come as early as thursday. kaisa creditors have yet to receive payment on a $400 million bond. canada will join the u.s., u.k. at australia in a boycott of the beijing olympics. justin trudeau says his government is concerned by china's repeated human rights violations. athletes from the boycotting countries will compete. china denies human rights violations and has threatened retaliation. president biden says the u.s. and four other allies planned a meeting with russia aimed at de-escalating tensions. discussions will focus on addressing putin's concerns about the alliance. biden held a two hour video call with putin the russian leader he -- [indiscernible] brazil's central bank delivers its second straight hike of over 50 basis points. another increase of the same magnitude for february as for

let's get to vonnie quinn with the first word headlines. vonnie: good morning. china security watchdog as it respects company's choices on where to list stocks. sources have told bloomberg news that such a ban is in the works to address data security concerns. reports are misleading, that regulators are promoting u.s. listings. ray dalio has taken to social media to say he had "sloppily answered a question about china" during an interview on msnbc. the founder of bridgewater compared china to --, when asked about the disappearance of dissidents. australian health officials confirmed the omicron variant of the coronavirus is circulating in the community. 15 cases detected such far. a new south wales health officer says he expects an uptake of cases in sydney. australia authorized vaccination of children aged five to 11 years old, with the rollout due to start in january. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. kathleen: than

rishaad: we now turn to first word news from vonnie quinn. romney: the u.s. wants to rally allied countries to crackdown on -- vonnie: the u.s. wants to rally allied countries to crackdown on human rights abuses. officials declined to name which countries would join the initiative. u.s. antitrust officials have sued over nvidia's $40 million takeover of arm, saying the deal would harm targets. arm is owned by softbank group and licenses its technology through hundreds of companies while competing with none of them. opec-plus will proceed with a scheduled oil production hike. the group agreed to 400,000 barrels a day of crude to global markets, which should please nations, including the u.s., worried about high prices, but that also left the door open to changing the plan at short notice. that unusual step underscores risks from the pandemic. the u.s. has reported more cases of the omicron virus variant in new york and colorado. five cases have been confirmed in new york city and mayor bill de blasio says people should assume the new strain is spreading. the u.

looking up first word news is vonnie quinn in new york. es surged more than 20% as gas surged through the pipeline to germany. it threatens to derail the economic recovery as gas prices surged to franchise. u.k. prime minister boris johnson has ruled out stricter pandemic rules ahead of the holidays, but he urged caution, saying the government could impose further curbs after january 5 if casas spike. the german chancellor is such a push through tighter restrictions. the latest measures would come on top of existing curbs, including a limit on gatherings to 10 people. thailand has canceled it quarantine-free entry program over concerns about omicron. about 200 thousand visitors previously approved to enter without quarantine will still be allowed in. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. haslinda: we have breaking news -- singapore will be freezing its rules, a precautionary move by singapore amid the su

haidi: let's turn to vonnie quinn with first word headlines. ie: the first reported experiments on the effectiveness of pfizer's vaccine against the omicron variant found it provided some protection. south african researchers said crohn's bama ability to evade immunity is robust but not complete. the booster shots could provide additional protection. republicans and democrats agreed on a plan to raise the debt ceiling, pulling the u.s. from default. the deal enables a procedural maneuver to increase borrowing authority with only democratic votes. the news quickly reverberated in the treasury market. new zealand's finance minister says the ardennes government will not resort to austerity terrain in debt. he says increased borrowing would not be responsible during the pandemic and he expects a strong rebound in 2022. police have arrested a saudi national for suspected involvement in the murder of jamal khashoggi. the man was reportedly detained in paris, about to board a plane for riyadh. khashoggi was a prominent critic of prince mohammed bin sal

i'm vonnie quinn. shares dipped about 3.1 percent in market trading ahead of their hong kong debut in under half an hour. sold 1.5 billion shares, three hong kong dollars 85 each, raising $740 million u.s. the ai leader was sanctioned by the u.s. this month over alleged involvement in human rights abuses, a charge it vigorously denies. alibaba group is said to be in talks with a shanghai media group about a potential deal involving a stake in weibo. sources say china's e-commerce leader is considering options that might include selling all but 30% of the social media service similar to twitter. didi global selling late trading after third-quarter results showed it lost $4.7 billion. . shares have already tumbled 8% in the regular session of reuters reporting it was planning i hong kong listing my introduction without raising capital or issuing new stock. the reports say they aim to trade in hong kong by june after a deal lists in new york. u.s. chipmaker macron says production facility in in china has

i'm vonnie quinn. this is bloomberg.e are just getting some breaking news, according to ifr, we don't have a lot more detail yet but an interesting move at $272 for a hong kong listing. rishaad: a lot of people will be looking at this in light of the story we've been running, it could accelerate this china or hong kong homecoming tied with how this particular listing goes for weibo. wti is up by one point when he 5%. the price swings that we've been witnessing for the energy market after the first of two days of meetings to debate a planned increase of output. are there any signs of which way they will go with this? >> the message from the energy minister who happens to be the president of opec, to arts, prudent and proactive. and that the overall tenor, although they didn't really discuss the output, the data that came out was about the planned surplus of oil in the first quarter. they had predicted that we would have 3 million barrels a day in the first quarter. they revised that number down to 1.9 million barrels per

let's get to vonnie quinn with the first word headlines. vonnie: kathleen, thank you. u.s. defense secretary lloyd austin said washington will stand up to what he calls an assertive and autocratic china and the indo pacific region and beyond. strengthening alliances in the region is one way to counter china's military modernization. growing nuclear capabilities as well. >> the activity that we see in the region and other parts of the globe is discerning. it's racing to develop military capability as fast as it can, but some of the course of activity we see in the region has us and our partners in the region very concerned. vonnie: ray dalio has taken to social media has saying he properly answered a question about china during an interview on cnbc. the founder compared china to a strict parent when asked about the disappearance of -- he said he did not mean to downplay human rights, but was attempting to explain the chinese approach to governing as institution ideas about family. australian health officials have confirmed the omicron variant of the coronavirus is circulatin

i am vonnie quinn. let's take a look at china markets now as they open. as you can see, not only do we have the golden dragon index but we also have the pmi just a few minutes ago. the csi 300 is up a third of a percent. the china is up .8% higher. the reference rate is set at 57 -- 6.37. bonds are not moving too much. 236 for the three year. to 79 for the 10 year. -- 2.46 for the three year and 2.79 for the 10-year. we continue to struggle where the property markets lung. beating the median estimate of 50. the nonmanufacturing gauge rose to 50.7. let's have a look at hong kong. the hang seng index taking its cues from china. the hang seng tech index is up 3.8%. we will continue to track all of this throughout the session. investors are waiting to hear if this troubled chinese developer has bonds due thursday. it failed to make three other payments earlier this month. both payments have 30 day grace periods before this event can be declared. ponte more ahead, this is bloomberg. -- plenty moorehead. this is bloomberg. -- plenty more ahead, this is bloomber

i am vonnie quinn. >> this is my kitchen table and filing system. over much of the past few decades i have been an investor. the highest calling of mankind i thought was private equity, then i started interviewing. i have learned from doing my interviews how leaders make it to the top. >> i asked how much he wanted, he said to 50, i did no due diligence. >> how they stay there. >> you do not feel in attic right now right? >> in january 2013, phoebe nova kovic became the ceo of general dynamics. since that time, its stock has -- i had a chance to sit down with phoebe in michigan and saw there the tanks manufactured by general dynamics and talk about the future of aerospace defense. when you became ceo of general dynamics in 2013, there weren't that many women who wear aerospace defense executives. did you ever think when you were joining the company that you could rise up to be ceo? >> i never thought i would be ceo. i felt that would be highly aspirational. i have always been a big lever that you do well in life by doing the job in front of you very

i am vonnie quinn. a quick check. china is typing -- tightening up the rules on sectors banned for foreign investment. starting january 1, they will have to seek a waiver from a list. the rule will affect listings using the variable interest. the move could plug louisville long used by chinese tech firms to raise capital overseas. the chinese central bank has repeated that the yuan exchange rate will be more flexible in 2022 well staying basically stable. the statement from the 2022 conference promises management for property finance while meeting is noble housing. the central bank says it will ensure overall credit growth in 2022 without giving a specific target. japan's industrial production job by a record in november, pointing to evidence that the country's recovery is underway. that is the biggest rise in decades. analysts had expected 4.8% increase. manufacturers said they plan to raise production this month and next month. home rental prices in singapore have jumped to a six year high and analysts anticipate fu

>> i am vonnie quinn. a new york jury found ghislaine maxwell guilty of learning and grooming under a -- underaged girls. the verdict came five days after deliberation. maxwell convicted on five charges including sex trafficking of a minor that carries a possible prison sentence of up to 40 years. the u.s. chipmaker micron says it's production in the chinese city of pyung has been affected by covid. authorities are trying to get on top of the outbreak, effectively shutting the city down. micron says it is still meeting most customer demand. the shutdown -- biogen jumped after a report saying it is in talks to sell to samsung. the gain was the most since the alzheimer's treatment was approved under the u.s. on a junior pick -- in june. we will be watching samsung. we have november industrial output figures for south korea up 5.5% year-over-year, better then the estimate 4.4% growth. increased auto and chip production is credited. it will be november -- that was before november and the latest round of closur

i'm vonnie quinn. samsung biologic shares getting a boost after a korean media report saying there are talks to buy biogen. they have a market value of about $38 billion and gain approval in june for the alzheimer's treatment. china's top quant had fun has apologized to investors after a record slump in performance. the recent drawdown caused in part by a mistimed trade. it is the latest side of headwinds in china's quant headphones.

. >> i am vonnie quinn.ound ghislaine maxwell guilty of learning and grooming under a -- underaged girls. the verdict came five days after deliberation. maxwell convicted on five charges including sex trafficking of a minor that carries a possible prison sentence of up to 40 years. the u.s. chipmaker micron says it's production in the chinese

vonnie: i'm vonnie quinn. quick check of the stories we are tracking.has a liquidity injection of 200 billion yuan, using seven-day reverse reverse, that's the most in two months for the liquidity timing before year-end. earlier the chinese central bank repeated that the yuan exchange rate will be more flexible in 2022, although it will stay basically stable. the pboc is 2020 to work promises to focus on property finance. this meets the needs of the virus.

i am vonnie quinn. a quick check. is typing -- tightening up the rules on sectors banned for foreign investment. starting january 1, they will have to seek a waiver from a list. the rule will affect listings using the variable interest. the move could plug louisville long used by chinese tech firms to raise capital overseas. the chinese central bank has repeated that the yuan exchange rate will be more flexible in 2022

let's get to vonnie quinn for first word news. ie: a campaign to blame covert on china -- the swiss embassy in beijing says there is no swiss citizen by that name. china and the u.s. are reportedly preparing for a phone meeting next month for top military officials amid rising tensions for taiwan. beijing and washington have discussed talks. arms control may be among the main topics. the first confirmed u.s. case of the omicron coronavirus variant has been detected in california. the cdc says the patient is a san francisco resident who had traveled from south africa, was fully vaccinated, and has mild symptoms. the new cases have been detected in 20 territories. south africa caret -- south african cases have doubled in one day to more than 8000. fed chair jay powell has reinforced his message that the u.s. central bank will keep inflation in check, saying that officials should consider speeding up withdrawal of policy support. he said that inflation has been more persistent and that policy will continue to adapt to that. global new

i'm vonnie quinn. this is bloomberg. rishaad: still to come, we are looking at the bank of thailand. were going to be talking to its governor. -- we are going to be talking to its governor and discussing the economic output -- the economic outlook. david: we will hear from a singapore-based -- the ceo and cofounder joins us later on in the show. this is bloomberg. ♪ david: a quiet day across crypto. rishaad: relatively. david: we are coming off a weekend where you had a big move down in price. we are continuing to see that in the asia-pacific. binance has withdrawn a request to open a cryptocurrency exchange and a singapore to apply for a license. that is not going to happen. let's get details on the story. we are joined by our bloomberg asia finance reporter. what do we know about this? >> binance has told us this morning they are withdrawing from application. they have withdrawn their application to get a license from the monetary authority of singapore to run a crypto exchange here. rishaad: you have two lots. you hav

in hong kong, i am vonnie quinn. sensetime has made its debut after a delayed ipo thanks to government sanctions. it rose in the premarket, and is rising now. we will continue to track that for you. we spoke with the company on post-ipo runs with the ipo. the interview was taped december 3, before the company was sanctioned. have a look. >> we would like to invest in infrastructure and r&d in artificial intelligence. the production cost for technology is a key factor in commercializing it. so the second phase of industrialization is to reduce the cost to a lower level, so it can be used in all kinds of scenarios in our daily lives. 60% of the capital raised in this ipo will be spent on research and development to build up an infrastructure, and algorithm center which will be used for mass production of a.i. models, increase productivity, and reduce costs. >> so what is your company doing in order to make sure that you are compliant with china's new data security laws? >> sensetime always attaches great importance for

i am vonnie quinn. here are the big stories we are tracking. china is changing up the rules on offshore listings. starting january 1, they will need to seek a waiver from a negative list before continuing. using the variable -- it may close a loophole for the chinese to raise capital. evergrande faces a deadline for a coupon do on a -- due on a 202 3 bond. they have a grace period. according to a bond issuance seen by bloomberg news. the company says it has resumed construction. also in china, authorities have widespread disinfection methods where outbreak presents one of the biggest challenges yet to their covid policy. in the u.s. president biden says the white house is trying to ramp up covid testing capacity, saying it has not kept up with heavy demand. the cdc changed the recommended period of isolation from 10 days to five. the jobless number is up 2.8%. the estimate was 2.7%. that is 2.8%, up from 2.7%. u.s. futures the slightly lower open. japan futures pointing to a higher open after a record close in the u.s. we are also awaiting aust

i'm vonnie quinn, this is bloomberg.week where central-bank action certainly dominates, we were expecting volatility and we are seeing that in these equity markets. the msci asia-pacific index is down for a third session and a lot of the weakness coming through in hong kong. we have china reopening stocks dropping amid a report of the first in case -- omicron case in china. but the hang seng tech index is what we are watching. we saw the fine for weibo and we had been seeing chinese tech stocks struggling, mapping the overnight decline in the sector's u.s. listings as well. a stronger offshore yuan, we had the reference rate set by the pboc basically in line with forecasts. the daily you one fixed at 6.3675 following a week of trying to weaken the currency. let's take a look at the property space, what's keeping us up-to-date on this earlier. jp morgan has cut shimao group and shimao services citing heightened concerns on liquidity. weighing through into evergrande as well, which fell to a record low in hong kong, now do

i'm vonnie quinn. this is bloomberg. juliette: still ahead, the data firm powering apple maps and amazon's voice assistant. we'll talk to the map my india ceo. rishaad: the hong kong exchange green asia summit. what you have for us. ♪ >> coverage of the inaugural green asia summit hosted by the hong kong stock exchange with our greatest. -- our guest. she is from the hong kong university of science and technology. we'll talk about how aj can meet its goals in finding a carbon zero future. this is bloomberg. ♪ rishaad: some of the conversations taking place at the green asia summit. the top regulator on the program saying it is time to stop talking about cross-border carbon markets and started on a system that could steer global capital. let's see what else is going on. juliette: are achieve north asia correspondent is standing by with our next guest who previously served as the undersecretary for the environment. >> at is christine who are you referring to her. she is sitting across from a. thanks so much for joining us.

from bloomberg world had gores in new york, i'm vonnie quinn.jor markets have just open for trade. our top stories this hour -- the global rebounded stocks looks ahead to its second day in asia. president biden could be set to relax some covid restrictions even as he warns omicron infections after breakthrough inoculations. and the u.s. may approve to covid treatments from pfizer this week in what could be the biggest milestone in the pandemic. vonnie: we may yet get the rally. you wouldn't have said that the last trading state -- trading sessions, but it was risk on in spite of omicron. it is highly transmissible and wreaking havoc across the united states and the globe as governments try to do border closures and all sorts of things. as one of the countries with one of the strictest border measures, japan -- we just got the minutes from the boj meeting. the nikkei up, the topics up a minute or two into trading. the lines we have from the boj meeting from october -- these are minutes that have just been released. one member should watch how cor