haidi: i'm haidi stroud-watts. here are your top stories. wall street hits its highest in february -- since february as investors welcome optimistic vaccine news. s&p 500 positive for the year and the nasdaq getting an all-time record. covid-19 marches on with global infections heading towards 16 million. hong kong says the situation is increasingly severe. has extended the wage subsidy program beyond september to protect the economy from fallout from coronavirus. shery: a quick check of how the markets are trading. we are seeing u.s. futures kicking off unchanged. this after we saw u.s. stocks rally amid encouraging vaccine news, this time from the university of oxford and astrazeneca. the s&p 500 finished at the highest since february, turning positive for the year. tech and discretionary stocks outperforming. the vaccine optimism sort of faded. we have a very competitive landscape that failed to impress. risk was revived in the afternoon session following improved u.s. infection numbers. california and arizona reporting a slow down infect

haidi: i'm haidi stroud-watts in sydney. welcome to "daybreak: australia." u.s. stocks finished higher on fears that the coronavirus may hit any economic recovery. those concerns overshadowing a big jump in payroll numbers. global infections continuing to rise, with u.s. cases jumping the most in almost two months. texas is making face masks mandatory, while florida yet another record. the u.s. senate approves sanctions on chinese officials over hong kong, as the u.k. says it will not back down on a path to citizenship for around 3 million of the city's residents. shery: let's get a look at how markets are trading. we see u.s. futures coming online down 0.1%. we had gains across the board. you saw the s&p 500 higher by 0.5%. materials and energy were up more than 1%. we had more positive economic data, better-than-expected jobs numbers, although the optimism was tempered a bit by concerns about rising weekly jobless claims. to composedid manage again a record high. take a look at what oil is doing, still above the $40 a barrel level, after seeing its highest fini

haidi: the u.s. attorney general is the latest official in washington now attacking china's actions and global ambitions had william barr turned on some of america's biggest companies, alleging the likes of disney and apple are working at the expense of democratic values. american are an business leader, appeasing the prc may bring short-term rewards. youprc's goal is to replace . corporations such as google, have shownapple, themselves all too willing to collaborate with the ccp. emily wilkins joins us now from washington. put furthernd of pressure on u.s. corporations caught in the middle between wanting this growth in this part of the global market but also facing the ira president trump ire of president trump and william barr? emily: they want to be international. they want to appeal to a wide base of customers. to sort ofontinued impose restrictions on companies, having them bend to the country's will. certain things, like they had apple reporting news on hong kong protests. as you mentioned in

haidi? haidi: yes, no stopping this gold rally, there are tensions overlaying the macro side of the story with the trump administration decision last week to shutter the chinese consulate in houston with frustration of what it said criminal activity directed by beijing to steal trade secrets and carry out operations across the united states. it comes as the u.s. is forced to close a consulate there. tom mackenzie joins us from beijing with the latest. so what exactly are in these allegations by the u.s.? has been in two cases in the last year of chinese who have been arrested and charged over espionage allegations in the u.s. in houston. they were based out of the houston consulate, but based of what official said, including from the fbi, this is just the tip of the iceberg, and the fbi cases,nterintelligence two thousand, against chinese operations in the u.s., so it is an enormous challenge for the services in the u.s., and they say houston and other consulates in the u.s. are being used a

haidi: a very good morning. i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. welcome to "daybreak asia." asian stocks set to follow the u.s. higher as investors again look past u.s.-china tensions and focus on companies seen as immune to rising coronavirus numbers. the pandemic reaches another grim milestone with cases in the u.s. climbing above 3 million. that is a quarter of global infections with california seeing its biggest daily jump yet. when we look at china's new security law for hong kong and protesters are already changing strategies to steer clear of arrest. first, let's get you a quick check up on how markets are starting this morning. here is sophie kamaruddin in hong kong. sophie: asian stocks are gearing up for modest gains. we are seeing s&p e-minis moving slightly higher this morning and kiwi stocks are heading for a second day of losses when meridian and another energy company leading the climbs on rio tinto deciding to halt operations in new zealand. the hong kong dollar staying resilient within one standard deviation as they continue to de

haidi: very good morning. i am haidi stroud-watts in sydney. we are counting you down to asia's major market opens. this: our top stories hour. asian markets looks set for another uncertainty as the global rally stalls. investors remain concerned about the economic impact of the coronavirus and the potential recovery. the coronavirus sets more records across the u.s.. daily cases in texas, deaths in arizona, and hospital cases in california all marking new highs. plus top advisers to president trump are set to urge the u.s. to undermine the hong kong dollar peg to punish china for its crackdown in the city. on's get a quick check up how markets are set up for the open. here is sophie kamaruddin in hong kong. sophie: in asia this wednesday, we are seeing a mixed start to the session with focus on china and if mainland stocks can keep up that rally we have seen for six days. futuresd 14% so we have in the green for the most part. hang seng futures settling higher after the rally did stall in hong kong on tuesday. switching out the board, checking

haidi: continue. patricia: what i was going to say is that what is most concerning is that currently, washington nor beijing have any incentive to soften their respective stances or extend an olive branch to the other side. haidi: is it increasingly dangerous that president xi's push into a corner? he feels like he can give the usa free pass just because it's an election year. maybe some of this is posturing. when something like this happens that is so high profile and sudden, he's been looking to consolidate power. we've seen that with the actions on hong kong. what kind of reaction to we expect from beijing? could it be harsher than the restraint that we've seen in the policy to this point? patricia: that's right. xi jinping dealing with a full plate. he's been facing a lot of global issues,m for a host of from the initial mishandling of the coronavirus outbreak, to the repressive actions in hong kong. at the same time, xi jinping has a lot to do with at home, including historic flooding that has ki

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: welcome to "daybreak asia ." to slidekets look set amid fresh u.s.-china tensions and worries about the virus. futures going to declines in tokyo and sydney although hong kong contracts go higher. day traders pile in. it was a rare losing day grace dock that surged more than 15% in the last 10 days. the u.s. and china trade new barbs. washington rejects china's claim to the south china sea. top u.s. senators are facing mainland sanctions. haidi: u.s.-china sentiments dominating again with the grim overlay of rolling back restrictions around the world. this is how we are shaping up when it comes to u.s. futures contracts, up by .2% after what was a truly volatile session. we had the s&p 500 touching levels pre-pandemic and we also have the nasdaq hitting a fresh record before finishing in the red and we spoke about tesla being a huge part of that tech eventual close lower. nikkei futures up by .2 percent. sydney futures escalati

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market open. shery: our top stories this hour, asian stocks look set for gains after a tech rally lifts u.s. markets to their highest since february. the s&p 500 is positive for the year. the nasdaq 500 hit a record. investors welcome optimistic news of a vaccine. infection rates low in tokyo but hong kong says the situation is increasingly severe. jack ma looks to make more headlines. he is aiming for a $200 billion valuation with between listings in hong kong and shanghai. look at how take a we are setting up when it comes to the asian open. we have a lot of positivity carrying on from that session. investors are backing that buy the dip trend. the nasdaq hitting the all-time high. the s&p hitting positive for the year. s&p active futures contracts a little bit lower at the moment but it seems like the positive .evelopment on vaccines trading sideways if you will. the dollar was broadly weaker in g10 except for the yen. we had dollar strength and

haidi, back to you. haidi: as the world continues to grapple with the coronavirus, we spoke to the johns hopkins foreign policy institute executive director about the difference in approach between east and west and how to control fresh waves of infection. >> it has been difficult to track. i think that's the challenge. as we have been looking around the world, hong kong for example, which used to be ground zero for an excellent coronavirus response, relaxation on travelers coming into the city resulted in a surge in new cases. so i think countries around the world, the u.k. among them, trying to prevent a second or third wave of the virus. but tracking is very difficult because so many people are a symptom addict. >> what is so important here with your expertise on china and broader north asia, they are taking the virus on in a very rules-based way. they make a rule and society has to do it or else. in america, we don't do that. do you think things would be better here if we did it more like what the pa

haidi: meng xing. let's get you to melbourne now where the victorian prime minister is holding a press briefing. there has been a further 120 seven cases in the last 24 hours in melbourne. we are hearing the border with new south wales and victoria will be shut from wednesday. let us listen. >> there will be a facility for people who live on those border communities to travel for purposes of work, for the essential health services they might need. us albright hospital, run by , is of course on the other side the border. there are some services that can be accessed and others that can only be accessed in albright. we will make sure people can get in that example the health care they need. i will leave it to the premier to make further announcements in the next couple hours about how that arrangement will be rolled out, but that is the product of a joint decision and an agreement between the prime minister, myself, and the premier of new south wales. one that is the right call at this time, given the sig

haidi: mark cranfield with us. you can follow more on the trading action with our markets live blog. you can get a market rundown in one click. ongoing commentary and analysis from bloomberg's expert team of editors, so you can see what is affecting your investments at any time. still ahead, asia may have been the first to show recovery from the pandemic, but will it be a phenomenon that will last? we ask a morgan stanley economist next. first, the u.s. and u.k. step up solidarity with hong kong and put more pressure on china. that is next. this is bloomberg. ♪ karina: you are watching "daybreak: asia." rising virus numbers hit stocks. u.s. reported infections rose the most, with florida setting another high mark and imposing a curfew in miami-dade county. texas ordered the wearing of face masks with a 4% jump in intensive care patients. nationwide, cases rose 57,000, to 2.7 million. a new report from washington says the u.s. economy will contract more steeply, but will rebound. the congressional budget office se

haidi: tim sweeney there. before we hand over to bloomberg markets china open, is a quick check of how markets are trading at the moment. ,he neck a at a two-week low falling 6/10 of 1%. industrials and materials leaving the declines. we have seen significant strength for the japanese yen, which is holding 105 level. the kospi gaining attempts of 1%. -- 8/10 of 1%. stocks alsoand kiwi gaining ground. up, xi jinping says the asia infrastructure investment bank should be the model for multilateralism. we have an interview with the president, next. bloomberg. ♪ -- this is bloomberg. ♪ >> it is not :00 a.m. in beijing and shanghai. i'm tom keene. >> and i'm david ingles. we are counting down to the opening of trade. let's get to your top stories. shares across the region trading mixed as investors await the fed. the fomc is seen staying dovish for longer. tom: goldman

haidi come over to you. haidi: -- haidi, over to you. haidi: xi jinping is calling for a great approach on reforms to help escape what he calls a complicated and grave economic condition. speaking at a politburo meeting on economic policy, he called for monetary and fiscal policy to be more targeted. joining us now for some insight is emily weiss. great to have you. we have seen eerie stability when it comes to the chinese yuan. the latest bubble, but certainly, exuberant rise in the equity markets in china, well documented as well. does this latest policy initiative just tell us that china is going to continue to manage their economy well and manage it out of the pandemic slowdown? emily: there is certainly an element of that here. china has been proactive in terms of their policy stance. we have seen globally, bet this point, emerging asia continues to be one of the brightest spots in our global recovery outlook and we have seen that most exempt of five in china, in the data we have seen. later on, we are expected to have the manufactu

haidi: thank you. walmart has kept its 11,000 worldwide stores open amid the virus pandemic and expect to do so despite a resurgence in cases. doug macmillan told bloomberg what kind of impact the crisis is having on business. food andsell consumables and things people really needed in this crisis. our form of retail as deemed as essential. we have stayed open mostly throughout the crisis, selling food, consumables and other things people need in stores and online. you are right, you are alluding to the fact e-commerce has grown during this time and that has been the case with us. david: for everybody was watching, how many total stores does walmart have? doug: around the world, 11,484. here in the u.s., we've got around 4700 stores that are walnart super center's and neighborhood markets. we have another 600 sam's club's in the u.s.. david: 2.5 million associates. your revenue is about $500 billion or so a year? doug: a little more. david: ok. do you accept a hold onto all these employees or do you th

haidi, over to you. haidi: business leaders in australia city country cannot afford more hard lockdowns and a warming against if soft start approach to reviving the economy. says a newest melbourne lockdown will smash consumer confidence and cost jobs. australian industry group is a national employer association and its ceo, innes willox, joins us now. i do not think anyone disagrees about the severity of the economic impact, specifically on the state of victoria which relies so heavily on tourism, arts, culture and events. but what other choice did the premier have? this is always going to be a tough balance. nobody walks away from that. but the fact is we now have melbourne essentially cut off from the rest of victoria, and victoria cut off from the rest of australia. so you have an island within an island within an island. and melbourne has produced about one third of the jobs in australia. ofs responsible for over 20% the businesses in australia. isthe economic damage here going to be enormous. moreg

haidi: i am haidi stroud-watts in sydney. our top stories this hour, hong kong wakes up to a new reality with protesters detained under china's new security law. washington is pledging a strong response. the u.k. will offer citizenship to millions. lobo virus infections continue to rise with record new cases reported daily in the united states. president trump says masks are good but still will not accept they should be law. asia is set to follow wall street higher as investors weigh theirdevelopments against cases. the s&p climbed for a third straight day. shery: let's get you started with breaking news south korea. we are seeing inflation rising faster than expected. both the month on month and year on year figures now escaping that disinflationary territory. month on month inflation rising 0.2% and 18 expectations. the expectation was for no change, also coming out of three months of decelerating prices. when it comes to the year on your numbers, the inflation remaining flat. the expectation was for prices to contract, and

haidi: always great to have you. ben emons, managing director at medley global advisors. -- this as is pretty coronavirus cases continue to rise. he says we are in the first phase and told us what he thinks central banks should be doing. lot to face this crisis. it is not over. as we have heard, cases are picking up, and we will have to forinue facing uncertainty corporate and households to face uncertainty. moreore they do it, the they have to invent new instruments and the higher the risk they would come closer to the line between fiscal policy and -- we have to be mindful of that. >> do you actually see that readjusting at any point, or will they be likely to cross that line you say they are getting closer to? >> it has readjusted. if you take europe as an example, we see a strong fiscal action from all european governments and also for the first time the plan is to use resources, coordinated resources to face the crisis. policy is waking up to the challenge and that is really good news. >> i want to sort of lean

haidi: time haidi stroud-watts in sydney. welcome to "daybreak: australia." tech shares push u.s. markets lower for the first time in three days, the nasdaq posting the largest decline in weeks. microsoft and apple leading the losses. the coronavirus continues to set unwelcome records. cases surged across several u.s. states, while hong kong and tokyo report new high marks, and india considers new lockdowns. wall street banks capitalizing on the federal reserve's extraordinary rescue measures with record profits. shery: let's take a look at how markets are trading at the moment. u.s. futures are coming online flat, after we saw losses in the regular session after two days of gains. we had investors continue to rotate out of this year's top performers. zero .7%, fell about with microsoft and apple leading the losses. we had technology, the biggest decliner on the s&p 500 as well. when it comes after hours trading, netflix also slumping on disappointing results. we had a couple of elements factoring into the market resurgence of virus cases -- factoring into the market, resurgence o

haidi: good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i am shery ahn in new york. welcome to "daybreak asia." amazon, apple, alphabet, and facebook light up and already alreadyng --an blistering rally. a much dimmer picture on main street. u.s. gdp contracts by

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i am shery ahn in new york. asia faces a muted start ahead of a new eco-data from china that will gauge the post virus recovery. high onit a one month optimism about a vaccine. the pandemic rages on with the u.s. still the global focus. in california while texas sees record daily infections. walmart demand shoppers wear masks. some of the most prominent have beenn america hacked. we will have the latest. let's take a look at how we are shaping up when it comes to the futures session going into the start of trading this thursday in asia. take a look at u.s. futures pointed a little bit to the negative, flat at the moment for futures contracts after u.s. stocks climbed to her than a one month high. we had renewed optimism that we are getting closer incrementally on this virus vaccine development front, not just with the news on moderna, but also a rival set of trials being conducted in the u.k., reporting some progress. we saw th

haidi: i'm haidi stroud-watts in sydney. our top stories this hour, asia looks set to a quiet start despite triggering the rally that lifted global stocks. the s&p 500 on its longest winning streak since december. samsung reports second-quarter numbers this hour. analysts expect weak smartphone sales. details about the beijing' security law. shery: this is quite a reversal from the deficit we saw in the previous month. we had seen south korea's current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping $2 million. when it comes to goods, the trade surplus coming in at $2.5 billion for the month of may. this is quite a recovery given that we had really fallen to the lowest level since 2008. good trade surplus numbers. a much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. let's see how markets are trading at the momen

haidi: i am haidi stroud-watts in sydney. here are your top stories this hour. uncertain start with future sliding in tokyo area global equities seeing three weeks of gains as investors bet on support for the post virus recovery. global infections topped 14 million with deaths above 600,000. los angeles is facing a new lockdown while hong kong and tokyo have new record numbers. australia set to deliver a new budget that may be the biggest -- since world war ii. shery: let's get you started with a quick check of the market trading. after upside of .1%, this another risk on week. the s&p 500 ending higher on the friday session, seven out of 11 s&p 500 sectors were led higher by utilities. we have the dow losing .25% and the nasdaq was up .3%. it was interesting it was the first week of 2018 with a nafta -- nasdaq was down and the others were up for the week. the third-down week for the dollar, we will get another week of weakness for the dollar that will be the first time this year , a whole month of weakness in the greenback. take a look at how oil is doing, hold

haidi: i am haidi stroud-watts in sydney. welcome to "bloomberg daybreak: asia." stocks looking for a mix start as u.s.-china tensions continue to simmer among allegations of spying. gold futures at new records. global cases top 15 million, quarter and the u.s. with signs the spread there may be slowing. a new index focused on china's tech giants is set to spring into action in hong kong today. we have an exclusive interview with the ceo of the hung sang -- hang seng index company. shery: japan is coming back after a four-day weekend. let's get straight to the action with sophie kamaruddin in hong kong. this morning as they come back from a long weekend the nikkei two to five losing 1.3%. intel announced it was considering outsourcing manufacturing. we are seeing the 106 handle amid the risk off mood. jgb the focus will be on tuesday sale. more earnings on deck for financials. we are watching sk discovery and sk chemical on bill gates giving sk bow about of confidence for the effort to develop a vaccine. when it comes to movers in seoul nursing airline stocks movi

haidi. trump hassident formally terminated hong kong's special status with the u.s., citing legislation that would sanction chinese officials responsible for cracking down on political dissent, the latest escalation in tensions between the two rivals. tom mackenzie joins us now from beijing. it is getting a little bit hard to keep track of the tit-for-tat, the responses to sanctions and vice versa, so what does it actually mean in practice given that this was widely expected from washington? tom: absolutely. two key components. one of them, as you say, is the removal. toered by president trump end that special trading status. that hong kong has enjoyed since the policy act was signed in 1992. we will have to wait to see the material impacts. already of course, the u.s. has restricted the sale of sensitive technology and some military equipment to hong kong. there may be further measures in the pipeline. the other part is signing off on a bipartisan bill that would sanction and penalize u.s.

haidi. haidi: yes, we are also getting some breaking news about the court order restructuring progress that is going on at cirque du soleil. the canadian company is restructuring and set for a recapitalization bid from a group of lenders, according to people with knowledge of the matter. this would essentially wipe out the bid. the group of creditors representing the debt in cirque du soleil has been working on this credit bid that would see lenders inject at least $300 million of capital into cirque du soleil to eventually restart the shows. the shows were forced to shut down when the pandemic hit and have been in trouble ever since. offer wasas -- the presented to the board on tuesday night. if it goes through, it will see the creditors who own more than $900 million at the end of march essentially being -- having to wind up all of their equity there. let's get you for first word headlines with karina mitchell. karina: thank you. despite ending hong kong's special status, sources the white

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: welcome to "daybreak asia ." growing concern about a resurgent coronavirus and the implications of a recovery puts pressure on rocks. old is above $1800. oil slips on weak demand. infections continue to rise with local members topping 12 million. america saw 60,000 cases in a day for the first time. hong kong and tokyo also reporting record tallies. singapore heads to the polls for an election overshadowed by the pandemic. disposable wear gloves and observe distancing roles at the ballot box. let's get to sophie kamaruddin in hong kong for the latest. sophie: after u.s. stocks closed in the red, we are setting up for a lackluster start to this friday morning. futures are mixed. kiwi stocks added .4% so far this morning. s&p e-minis nudging slightly higher with rising virus infections in focus in the u.s. as well as in asia and on the eco-agenda today, we are watching out for japanese pbi ending acree output and the philippine t

haidi: i am haidi stroud-watts in sydney. we are counting down to it has major market opens. u.s.-china ties plummeted -- plummet to new depths. president trump will not rule out closing more diplomatic missions. --al coronavirus cases

haidi: i'm haidi stroud-watts. welcome to "bloomberg daybreak: australia." u.s. stocks hit a one-month high on optimism about a virus vaccine. shares dragged on u.s.-china trade tensions but the s&p hot 500 briefly ends in positive territory. the pandemic rages on with the u.s. the global focus. ines surged -- cases surged california and texas. walmart demands customers wear masks. knowing green. new south wales has a new plan for renewable power, energy and the environment. quick check of the markets, u.s. futures opening flat. this after u.s. stocks climbed to a five-week high in the regular session. we have 10 of 11 s&p 500 sectors closing up. he had vaccine developments bringing this rush of optimism to financial markets. this, despite escalating tensions between china and the u.s. moderna and astrazeneca are rising on the optimism. more positive eco-data, u.s. industrial output rebounding in june. pickup in economic activity. take a look at what oil is doing. under a little pressure, headed towards the $40 per barrel level. this after jumping to a four month

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market open. shery: welcome to "daybreak asia ." asian stocks look set for a decline this week after a mixed session on wall street. investors await clarity on virus stimulus programs. global infections approach 15 million with death topping 610,000. president trump does a u-turn and now says wearing a mask is patriotic. vaccine is on to find a amid warnings of a greater resurgence to come. haidi: pretty mixed midweek outlook when it comes to trading here in asia and for the first time in a while, we have seen equity markets kind of take a step back in terms of not -- headlines. a great deal of activities and commodities. let's take a check of futures. contracts trading higher after we saw a lack of conviction in u.s. markets as we get concerns that perhaps this fourth round of fiscal stimulus will not be forthcoming. we are hearing the republicans are in the midst of crafting their own proposal to take to the democrats and we also heard from presi

haidi: good morning. i'm haidi stroud-watts in sydney, alongside shery ahn in new york. atry: u.s. stocks slump concerns that coronavirus will do real any economic recovery. gold remains near $1800, oil slips, and demand stays weak. infections continue to rise as global numbers top 12 million. hong kong and tokyo reporting record tallies. and singapore heads to the polls for an election overshadowed by the pandemic. voters will be asked to wear disposable gloves at the ballot box. how marketscheck of are trading. u.s. futures plan at the moment, after a mixed finish in the new york session. the s&p 500 and the dow fell. viruse news of resurgence, not to mention to tensionsnot to mention escalating with china. financial shares drag to the index. -- dragged the index. the energy sector was down for a third consecutive session with the worst three days in about a month. take a look at what oil is doing, because we are seeing it continue to dip slightly and below the $40 a barrel level. key libyans that a oil field resumed production, threatening more barrels into the oversupplied mark

haidi: the u.s.-china trade tensions also create an incentive for authorities in china to keep this equity rally going to the sense that it is still sustainable? is it becomes an issue of national pride in that case? khiem: i don't think it is such a concerted effort to do so. i think about what is more the government and also the private sector's goal to create a technology center. a very comprehensive technology china besthave in --hnology center and hub technology center and hub in china. obviously, the index is still very small compared to nasdaq, that still, i think it is going to go places over the next few years. i think that is part of the program, to try to take china up one notch to the modernized world, to the technology -- technological heights of what they can achieve. i think that is all part of that program. ,he same goes for hong kong with the hong kong technology index, the hang seng technology index. i think it is actually a good thing to have compared to many other markets which do

haidi: very good morning. i am haidi stroud-watts in sydney. we are counting you down to asia's major market opens. this: our top stories hour. asian markets looks set for another uncertainty as the global rally stalls. investors remain concerned about the economic impact of the coronavirus and the potential recovery. the coronavirus sets more records across the u.s.. daily cases in

haidi: i'm haidi stroud-watts in sydney. our top stories this hour, asia looks set to a quiet start despite triggering the rally that lifted global stocks. the s&p 500 on its longest winning streak since december. samsung reports second-quarter numbers this hour. analysts expect

haidi: i'm haidi stroud-watts. welcome to "daybreak: asia." our top stories, asian markets with a quiet start as u.s. stocks as higher on signs the fed will reinforce a dovish message. gold with the record. coronavirus cases topping 16.3 a plan forbally as the next u.s. stimulus is laid out. also, a warning that things could get worse. korea andan, south australia coming online. that's get straight to the market action with sophie kamaruddin. sophie: in japan, the topics moving lower by 2/10 of 1%. getting back some of the -- giving back some of the gains we saw on monday. the nikkei opening flat. rising over a 40 year option. a busy earnings schedule with companiest of 140 listed this week. samsung. frontrean won on the foot, trading at a june 10 hi. we are seeing some gains for the asx 200, being led higher by bhp group. the upcoming earnings season could be quite painful for the industrial and transportation space. the aussie dollar holding as we are seeing continuing climbing for the greenback. checking in on bonds, aussie bonds falling ah

haidi: an nextera energy is one of the names you are looking at as well. tell us about what you see compelling about that stock. >> there has been concern over the oil and gas industry, but if you still want exposure in that broader energy play, and we like looking at some of the utilities. it is a new name we added, and it has two divisions. it has its florida power and light component, but what we think is interesting is the renewable power production. we know that esg is becoming more and more of a theme for global investors when they look at the names they are wanting to add in their portfolio. we feel like having that component to the company gives a little extra positive news that it could have going forward, besides just being a utility that we think is going to be promising as well. thei: when you look at reaction in the markets to the jobless claims numbers overnight, how much fragility as they are, particularly when it comes to nonessential consumer facing stocks? it seems like even if the broader economy recovers, there is concern about the fert

haidi: good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. we are counting down to the major market opens. shery: good evening from new york. i'm shery ahn. our top stories this hour. jerome powell warns of the worst economic downturn in our lifetime as the fed leaves rates on hold and urges congress to boost fiscal spending. u.s. coronavirus deaths passed 150,000 mark as texas, california and florida see record fatalities. infections spike in china, hong kong and japan as well. hill.tech titans on the the ceos of amazon and alphabet and facebook face a virtual grilling over antitrust. haidi: let's get you started with a check of the markets. u.s. futures opening flat, slightly higher that by .1%. this after we saw u.s. stocks extending gains in the regular session, the dollar declining estate as dovish as possible. the s&p 500 gained more than 1%, adding to the july rally. 11 sectors were higher with tech leading the way. as i mentioned earlier, we are seeing that big tech antitrust showdown in congress ongoing at the moment. nasdaq composit

haidi: and i am haidi stroud-watts in sydney. ages major markets have just opened for trade. -- asia's major markets have just opened for trade. the fed signals more stimulus, the worst economic downturn in our lifetime, and jay powell urges congress to boost fiscal spending. hong kong is facing its worst outbreak of the virus yet, nine record days in the last 20 but no stay-at-home orders. a lot of businesses remain open. tiktok attacks mark zuckerberg ahead of his appearance on the hill, accusing facebook of being two-faced when it comes to national security. sophie: taking a look at what is going on in japan on a busy earnings day, the likes of .dvantages along with komatsu we have the nikkei 225 opening yen isby .3% while the slightly under pressure, back around the 105 handle. this is the latest data from japan showing growth going up in june with a 13% monthly gain in the retail sales number. from south korea, we have manufacturers confidence rising to 57 for august, the kospi adding .5%. the korean won on the front foot, e

haidi: a messy start. sophie kamaruddin in hong kong. still ahead, the country's victoria state has seen another record for coronavirus infections despite strict lockdown measures. later we will speak to the top epidemiologist at deakin university, and ask what could be done to control the outbreak. outlook fromket the investment management with our chief strategist. this is bloomberg. ♪ >> you're watching "bloomberg daybreak: australia." the coronavirus have now passed 16.3 million with it's under 50,000 deaths. in the u.s., infections have slowed in california, arizona and florida. in europe, health officials are worried about a new cluster of cases after in outbreak at a farm. more than 170 workers tested positive. the employees have been put under a mandatory quarantine. hong kong is introducing strict new virus cases -- as cases surge. in city will ban all dine services at restaurants and all gatherings of more than two people not from the same family. masks will be made mandatory and outdoor areas. this is hong kong's third round

haidi: i am haidi stroud-watts in sydney. our top stories this hour, hong kong wakes up to a new reality with protesters detained under china's new security law. washington is pledging a strong response. the u.k. will offer citizenship to millions. lobo virus infections continue to rise with record new cases reported daily in the united states.

haidi: a very good morning. i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. welcome to "daybreak asia." asian stocks set to follow the u.s. higher as investors again look past u.s.-china tensions and focus on companies seen as immune to rising coronavirus numbers. the pandemic reaches another grim milestone with cases in the u.s. climbing a

haidi: i'm haidi stroud-watts in sydney. welcome to "daybreak: australia." u.s. stocks finished higher on fears that the coronavirus may hit any economic recovery. those concerns overshadowing a big jump in payroll numbers. global infections continuing to rise, with u.s. cases jumping the most in almost two months.

haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market open. shery: welcome to "daybreak asia ." asian stocks look set for a decline this week after a mixed session on wall street. investors await clarity on virus stimulus programs. global infections approach 15 million with death topping 610,000. president

haidi: i'm haidi stroud-watts. welcome to "bloomberg daybreak: australia." u.s. stocks hit a one-month high on optimism about a virus vaccine. shares dragged on u.s.-china trade tensions but the s&p hot 500 briefly ends in positive territory. the pandemic rages on with the

haidi: time haidi stroud-watts in sydney. welcome to "daybreak: australia." tech shares push u.s. markets lower for the first time in three days, the nasdaq posting the largest decline in weeks. microsoft and apple leading the losses. the coronavirus continues to set unwelcome records.

haidi: good morning. i'm haidi stroud-watts in sydney, alongside shery ahn in new york. atry: u.s. stocks slump concerns that coronavirus will do real any economic recovery. gold remains near $1800, oil slips, and demand stays weak. infections continue to rise as global numbers top 12 million.

haidi: i'm haidi stroud-watts. here are your top stories. wall street hits its highest in february -- since february as investors welcome optimistic vaccine news. s&p 500 positive for the year and the nasdaq getting an all-time record. covid-19 marches on with global

i'm haidi stroud-watts in sydney. we are counting down to the open. >> i'm shery ahn. stop face an uncertain start with futures sliding -- stocks face an uncertain start with futures sliding. topped 14ections aboven with deaths 600,000. los angeles is facing a new lockdown. tokyo and hong kong reporting record numbers. australia is set to deliver a new budget, may be the biggest blowout since world war ii. let's take a look at how we are setting up when it comes to markets. --ures this is how it is shaping up when it comes to the future contracts. a third straight week of gains when it comes to the s&p, managing to withstand the lake-session -- late-session wound. slow but steady rotation away from growth in tech. much more going into value. futures are up by about 0.1%. positivity when it comes to the trading in tokyo, just about 0.2% higher. chicago nikkei futures are higher, all eyes on what's going on in brussels with now three days of negotiations in the eu to reach this agreement on the stimulus package and hand out details. we are hearing details, including that

haidi: good morning. welcome to "daybreak: australia." i'm haidi stroud-watts in sydney. we are counting down to the major market opens. shery: good evening from new york. i'm shery ahn. our top stories this hour. jerome powell warns of the worst economic downturn in our lifetime as the fed leaves rates on hold and urges congress to boost fiscal spending. u.s. coronavirus deaths passed

haidi: welcome to daybreak australia. here are your top stories this hour. highestcks go to the since coronavirus worries before pulling back up the close. investors think new infections will see plans to reboot the economy. global infections top 13